|Index to the Unaudited|Financial Statements|
|---|---|
|for the Year Ended|31March 2022|
||||Page|
|---|---|---|---|
|Society Information||||
|Report ofthe Trustees||||
|Independent
Examiners'||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Notes to the Financial|Statements|||
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|The Le|eds So|ciety|for Deaf & Blind People|for Deaf & Blind People|for Deaf & Blind People|(Registered|n|umber: 001462|81)||
|---|---|---|---|---|---|---|---|---|---|---|
||||Statement ofFinancial|||Activities|||||
||(including|||Statement ofComprehensive|||Income)||||
||||for|the Year Ended 31||March 2022|||||
||||Notes||Unrestricted|Restricted||Endowment|31.03.2022|31.03.2021|
||||||Funds|Funds||Funds|Total Funds|Total Funds|
|Incoming
resources|||||||||||
|Incoming resources from generated||funds:|||||||||
|Donations
and legacies|||||3,064||||3,064|8,692|
|Investment
income and interest
Rental income|||||3,308
21,244||||3,308
21,244|3,675
11,103|
|Incoming resources from charitable|||||||||||
|activities|||||244,117||||244,117|164,729|
|Total incoming
resources|(before||||||||||
|exceptional
items)|||||271,733||||271,733|188,199|
|Resources expended|||||||||||
|Charitable
activities|||||364,517|1,242|||365,759|352,772|
|Governance
costs
Expected deficit on scheme|asset||||15,975||||15,975|17,585|
|returns|||13||33,000||||33,000|30,000|
|Total resources expended|||||413,492|1,242|||414,734|400,357|
|Net (outgoing) resources before transfers|||and||||||||
|government
grants|||||(141,759)|(1,242)|||(143,001)|(212,158)|
|Government
grants|||||42,072||||42,072|72,890|
|Transfers between
funds|||||||||||
|Net (outgoing) resources before other|||||||||||
|recognised
gains and losses|||||(99,687)|(1,242)|||(100,929)|(139,268)|
|Other recognised
gains and losses|||||||||||
|Profit/(loss)
on investments:
Profit/(loss)
on investments:|(Unrealised)
(Realised)||10
10||5,648
123||||5,648
123|9,435
518|
|Actuarial
and past service gains/|||13||||||||
|(losses)|||||961,000||||961,000|(216,000)|
|Net movement
in funds|||||867,084|(1,242)|||865,842|(345,315)|
|Reconciliation
offunds|||||||||||
|Total funds brought
forward|at I April 2021||||(658,605)|11,750||18,081|(628,774)|(283,459)|
|Total Funds carried forward at|||||||||||
|31March 2022|||||208,479|10,508||18,081|237,068|(628,774)|
|All ofthe above results are derived||from|continuing||activities.||||||
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||||Balance Sheet||||
|---|---|---|---|---|---|---|
||||31 March 2022||||
|||||31.03.2022|31.03.2021||
||||Notes||||
|FIXEDASSETS:|||||||
|Tangible assets|||9|719,030||726,796|
|Investments|||10|114,985||100,173|
|||||834,015||826,969|
|CURRENT ASSETS:|||||||
|Debtors||||46,447|56,741||
|Cash at bank and in hand||||61,246|82,613||
|||||107,693|139,354||
|CREDITORS:|||||||
|Amounts
falling due within||one year|12|(17,640)|(17,097)||
|NET CURRENT ASSETS/(LIABILITIES):||||90,053||122,257|
|TOTAL ASSETS|LESS||||||
|CURRENT LIABILITIES:||||924,068||949,226|
|NON-CURRENT|LIABILITIES||||||
|Employee Benefits|||13|(687,000)||(1,578,000)|
|TOTAL NET ASSETS/(LIABILITIES)||||237,068||(628,774)|
|FUNDS:|||||||
|Unrestricted
funds|||16|208,479||(658,605)|
|Restricted
funds|||15|10,508||11,750|
|Endowment
funds|||14|18,081||18,081|
|TOTAL FUNDS|||16|237,068||(628,774)|
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|DONATION|S
AND|LEGA|CIES|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|31.03.2022|31.03.2021|
||||||Fundsf|Funds|Funds|Total Fundsf|Total Fundsf|
|Donations,|appeals|and fundraising||events|3,064|||3,064|4,679|
|Legacies|||||||||2,274|
|Gilt aid|||||||||1,739|
||||||3,064|||3,064|8,692|
|INVESTMENT INCOME AND INTEREST||||||||||
||||||Unrestricted|Restricted|Endowment|31.03.2022|31.03.2021|
||||||Fundsf|Funds
f.|Funds|Total Funds|Total Funds|
|Dividends|UK equities||||2,150|||2,150|2,318|
|Interest —UK fixed||interest securities|||1,082|||1,082|1,167|
|Interest on bank and||building|society|||||||
|deposits|||||76|||76|190|
||||||3,308|||3,308|3,675|
|INCOMING|RESOURCES||FROM|CHARITABLE ACTIVITIES||||||
|||||Unrestricted||Restricted|Endowment|31.03.2022|31.03.2021|
||||||Funds
f,|Funds
8|Funds|Total Fundsf|Total Funds|
|Fees income|||||238,147|||238,147|162,812|
|Other|||||5,970|||5,970|1,917|
||||||244,117|||244,117|164,729|
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|6,|CHARITA|B|LE|ACTIVI|TIES||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|31.03.2022|31.03.2021|
|||||||Funds|Fundsf|Funds|Total Fundsf|Total Fundsf|
||Direct services and grants||||payable|160|||160||
||Indirect services|||and support costs||138,765|||138,765|156,714|
||Interpreting||Service|||225,592|1,242||226,834|196,058|
|||||||364,517|1,242||365,759|352,772|
|7.|GOVERNANCE|||COSTS|||||||
|||||||Unrestricted|Restricted|Endowment|31.03.2022|31.03.2021|
|||||||Funds|Funds|Funds|Total Fundsf|Total Funds|
||Salaries|||||10,097|||10,097|10,227|
||Premises|||||675|||675|492|
||Professional||fees|||4,222|||4,222|6,096|
||Sundry expenses|||||787|||787|577|
||Depreciation|||||194|||194|193|
|||||||15,975|||15,975|17,585|
|IL|TOTAL RESOURCES EXPENDED||||||||||
|||||||Staff|Depreciation|Other Costs|31.03.2022|31.03.2021|
|||||||Costs|Et Fixtures||Total|Total|
||||||||Revaluation||||
||||||||Adjustment|f|f||
||Charitable|activities||||243,253|7,572|114,934|365,759|352,772|
||Governance|||||10,097|194|5,684|15,975|17,585|
||Expected deficit|||on scheme asset returns||||33,000|33,000|30,000|
||31.03.2022|||||253,350|7,766|153,618|414,734||
||31.03.2021|||||289,061|7,734|103,562||400,357|
||Other costs;||||||||||
||Premises||||||||26,988|19,662|
||Repairs||||||||5,618|3,986|
||Direct services and allowances||||||||160||
||Independent||examination||fees||||1,325|1,595|
||Accountancy||charges||||||2,896|4,501|
||Freelance||||||||56,520|24,721|
||Others||||||||27,111|19,097|
||Expected deficit|||on scheme asset returns|||||33,000|30,000|
||||||||||153,618|103,562|
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|||||31.03.2022|31.03.2021|
|---|---|---|---|---|---|
|The average number|ofemployees ofthe Society during||the year was;|||
|Management||||||
|Interpreting
service||||||
|Administration||||||
||||||10|
|||||31.03.2022f|31.03.2021|
|Staffcosts include:||||||
|Current
pension service cost||||48,842|41,757|
|Employers
national|insurance|contributions||12,049|16,327|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold|Fixtures and||
||Property|Equipment|Totals|
|COST OR VALUATION||||
|At
1 April 2021|705,807|58,830|764,637|
|Additions||||
|Disposal||||
|At 31 March 2022|705,807|58,830|764,637|
|DEPRECIATION:||||
|At
I April 2021||37,841|37,841|
|Charge for year||7,766|7,766|
|Disposal||||
|At 31 March 2022||45,607|45,607|
|NET BOOK VALUE:||||
|At 31 March 2022|705,807|13,223|719,030|
|At 31 March 2021|705,807|20,989|726,796|
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|FIXEDASSET INVESTMENTS|||||
|---|---|---|---|---|
|Market value at I April 2021||||100,173|
|Additions||||17,285|
|Disposals||||(8,121)|
|Net unrealised
surplus||||5,648|
|Market value at 31 March 2022||||114,985|
|Historical cost at 31 March 2022||||105,516|
|Investments
held comprise:|||||
|Equity investments
listed on recognised|stock exchange|||94,097|
|Debt and other fixed income securities|listed on recognised|stock exchange||20,888|
|||||114,985|
|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE||YEAR|||
||||31.03.2022|31.03.2021|
|Fees receivable|||44,109|49,355|
|Other debtors and prepayments|||2,338|7,386|
||||46,447|56,741|
|CREDITORS: AMOUNTS FALLING|DUE WITHIN ONE YEAR||||
||||31.03.2022|31.03.2021|
|Other creditors
and accruals|||12,595|14,241|
|Other taxes and social security|||5,045|2,856|
||||17,640|17,097|
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|13.2
The amounts
recognised|13.2
The amounts
recognised|in the statement|offinancial activities|are as follows;|are as follows;||
|---|---|---|---|---|---|---|
||||||31.03.2022|31.03.2021f|
|Current service cost|||||37,000|27,000|
|Past service cost|||||||
|Interest cost|||||145,000|132,000|
|Expected return
on plan|assets||||(112,000)|(102,000)|
|Net resources expended|before|other recognised|gains and losses||70,000|57,000|
|Actuarial
(gains)/losses|||||(961,000)|216,000|
|Net (credit)/charge|||||(891,000)|273,000|
|13.3
Changes
in the present value ofthe defined benefit obligation||||are|as follows:||
||||||31.03.2022|31.03.2021|
|Opening
defined benefit|obligation||||6,974,000|5,806,000|
|Service cost|||||37,000|27,000|
|Member contributions|||||5,000|5,000|
|Interest cost
Benefits paid
Past service cost|||||145,000
(120,000)|132,000
(124,000)|
|Actuarial
(gains)/losses|||||(491,000)|1,128,000|
|Closing defined benefit obligation|||||6,550,000|6,974,000|
|13.4
Changes
in the fair value||ofplan assets are as follows:|||||
||||||31.03.2022f|31.03.2021|
|Opening realisable
value|ofplan|assets|||5,396,000|4,501,000|
|Expected return on plan|assets||||112,000|102,000|
|Actuarial
gains|||||470,000|912,000|
|Benefits paid|||||(120,000)|(124,000)|
|Employer contribution|||||||
|Member contribution|||||5,000|5,000|
|Closing realisable
value ofplan||assets|||5,863,000|5,396,000|
|13.5
Analysis ofrealisable
value ofplan assets between asset categories|||||is as follows:||
||||||31.03.2022f|31.03.2021f|
|Equities|||||4,679,000|4,301,000|
|Government
bonds|||||434,000|448,000|
|Corporate
bonds|||||281,000|248,000|
|Property|||||235,000|205,000|
|Cash/liquidity
Other|||||170,000
64,000|108,000
86,000|
|Total|||||5,863,000|5,396,000|
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|13.6|The actual|return
on plan assets|return
on plan assets|is as follows:||||
|---|---|---|---|---|---|---|---|
|||||||31.03.2022|31.03.2021f|
|Actual return
on plan assets||||||582,000|1,014,000|
|13.7|Amounts|for the current period||and previous|periods are as follows:|||
|||||||31.03.2022|31.03.2021|
|Present value offunded
Realisable value ofplan|||obligations
assets|||(6,550,000)
5,863,000|(6,974,000)
5,396,000|
|Deficit||||||(687,000)|(1,578,000)|
|13.8|Principal|actuarial|assumptions|at the balance|sheet date (expressed as weighted|averages):||
|||||||31.03.2022|31.03.2021|
|Discount rate||||||2.70'Yo|2.10/o|
|Rate|ofsalary increase|||||4.259o|3.95'lo|
|Rate|ofinflation|||||3.00'lo|2.70'/o|
|Rate|ofpension|increase||||3.00'Yo|2.70'lo|
|Rate|ofpension|accounts|revaluation|||3.00'Yo|2.70'Yo|
|14.|ENDOWMENT
FUNDS|ENDOWMENT
FUNDS||||||
|---|---|---|---|---|---|---|---|
|||||Balance|Incoming|Outgoing|Balance|
||Permanent|Endowments:|I|April 2021f|Resourcesf|Resourcesf|31 March 2022|
||F W Spruce|Charity
Fund||18,081|||18,081|
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|RES|TRICTED|FUNDS||||||
|---|---|---|---|---|---|---|---|
|||||Balance|Incoming|Outgoing|Balance|
||||I|April 2021|Resources|Resources|31 March 2022|
|||||||f.||
|W|Heath Trust|||11,750||1,242|10,508|
|This|represents|income provided|for the Society which is to be used for, and related to, a Video Relay||||Service, for|
|deaf|people.|||||||
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||Tangible|Tangible||Net|Non|||
|---|---|---|---|---|---|---|---|
|||Fixed||Current|Current|31.03.2022|31.03.2021|
|||Assetsf|Investments|Assets|Liabilities|Total|Total
8|
|Endowment
Funds||||18,081||18,081|18,081|
|Restricted Funds:||||10,508||10,508|11,750|
|General
fund|719,030||114,985|61,464|(687,000)|208,479|(658,605)|
||719,030||114,985|90,053|(687,000)|237,068|(628,774)|
|TATEMENT OF CHANGES|IN EQUITY|||||||
|||||||31.03.2022f|31.03.2021|
|Deficit for the financial year||||||(100,929)|(139,268)|
|Unrealised
surplus
on investments||||||5,648|9,435|
|Realised surplus
on investments||||||123|518|
|Actuarial
gains/(losses)||||||961,000|(216,000)|
|NET INCREASE/(DECREASE)||IN EQUITY||||865,842|(345,315)|
|Opening
funds||||||(628,774)|(283,459)|
|CLOSING FUNDS||||||237,068|(628,774)|
|REALISED FUNDS
PENSION SCHEME DEFICIT
UNREALISED FUNDS||||||917,599
(687,000)
9,469|945,435
(1,578,000)
3,791|
|||||||237,068|(628,774)|
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