2023-03-31-accounts - The Leeds Society For Deaf And Blind People

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Index to the Unaudited	Financial Statements
for the Year Ended	31March 2023

		Page
Society Information
Report ofthe Trustees
Independent Examiners'	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements

for the Ye	ar Ended 31March 2023	ar Ended 31March 2023
JOINT PRESIDENT:	Hon Ald Mr M JDodgson MBEJP
	Mr M CA Smith JPMA
ACTING CHAIR:	Mr JHixon
TREASURER:	Mr D Taylor
TRUSTEES:	Ms D Burrows
	Mr WFinney
	Mrs SFoster
	MrJHixon
	Mr P Landey
	Mr H Mahmood
	Mr D Robinson
	Ms CRoche
	Mrs A Spear
	Mr EWickremaratne
REGISTERED OFFICE:	The Centre
	StMary's Street
	Leeds
	West Yorkshire
	LS97DP
CHARITY REGISTRATION
NUMBER:	227169
COMPANY REGISTRATION
NUMBER:	00146281 (England	and Wales)
INDEPENDENT EXAMINER	Andrew Wilkinson	(FCA)
	Malcolm Jones k, Co Limited
	Accountants and Business Advisors
	West Hill House
	Allerton Hill
	Chapel Allerton
	Leeds
	LS73QB
BANKERS:	Yorkshire Bank Plc
	94-96Briggate
	Leeds
	LS1 6NP
	Virgin Money

		Statement ofFinancial	Statement ofFinancial	Statement ofFinancial	Activities
(including			Statement ofComprehensive Income)
		for the Year Ended 31March 2023
		Notes		Unrestricted	Restricted	Endowment	31.03.2023	31.03.2022
				Funds	Funds	Funds	Total Funds	Total Funds
Incoming resources
Incoming resources &om generated	funds:
Donations and legacies Investment income and interest Rental income Incoming resources &om charitable				17,271 4,268 25,520	18,962		36,233 4,268 25,520	3,064 3,308 21,244
activities				296,124			296,124	244,117
Total incoming resources (before
exceptional items)				343,183	18,962		362,145	271,733
Resources expended
Charitable activities Governance costs Expected deficit on scheme asset				370,743 16,074	4,353		375,096 16,074	365,759 15,975
returns		13		18,000			18,000	33,000
Total resources expended				404,817	4,353		409,170	414,734
Net (outgoing) resources before transfers		and
government grants Government grants Transfers between funds				(61,634)	14,609		(47,025)	(143,001) 42,072
Net (outgoing) resources before other
recognised gains and losses				(61,634)	14,609		(47,025)	(100,929)
Other recognised gains and losses
(Loss)/profit on investments:
(Unrealis ed) (Loss)/profit on investments: (Realised) Actuarial and past service gains		10 10 13		(9,422) (3,859) 1,896,000			(9,422) (3,859) 1,896,000	5,648 123 961,000
Net movement in funds				1,821,085	14,609		1,835,694	865,842
Reconciliation offunds
Total funds brought forward at 1 April 2022				208,479	10,508	18,081	237,068	(628,774)
Total Funds carried forward at
31March 2023				2,029,564	25,117	18,081	2,072,762	237,068

	The Leeds Society for Dea	f&Blind People (R	egistered number 0014628	1)
		Balance Sheet
		31March 2023
			31.03.2023	31.03.2022
		Notes
FIXEDASSETS:
Tangible assets Investments		9 10	712,208 105,565	719,030 114,985
CURRENT ASSETS:			817,773	834,015
Debtors Cash at bank and in hand			66,956 53,669	46,447 61,246
CREDITORS:			120,625	107,693
Amounts falling due within one year		12	(20,636)	(17,640)
NKT CURRENT	ASSETS:		99,989	90,053
TOTAL ASSETS	LESS
CURRENT LIABILITIES:			917,762	924,068
NON-CURRENT	ASSETS/(LIABILITIES):
Employee Benefits		13	1,155,000	(687,000)
TOTAL NET ASSETS			2,072,762	237,068
FUNDS:
Unrestricted funds Restricted funds Endowment funds		16 15 14	2,029,564 25,117 18,081	208,479 10,508 18,081
TOTAL FUNDS		16	2,072,762	237,068

DONATION	S AND LEGA	CIES
				Unrestricted	Restricted	Endowment	31.03.2023	31.03.2022
				Funds	Funds	Funds	Total Funds	Total Funds
Donations, Legacies	appeals and fundraising		events	1,272	6,337		7,609	3,064
Grants received				15,999	12,625		28,624
				17,271	18,962		36,233	3,064
INVESTMENT INCOME AND INTEREST
			Unrestricted		Restricted	Endowment	31.03.2023	31.03.2022
				Funds	Funds	Funds	Total Funds	Total Funds
Dividends —UK equities Interest —UK fixed interest Interest on bank and building		securities society		2,714 1,056			2,714 1,056	2,150 1,082
deposits				498			498	76
				4,268			4,268	3,308
INCOMING	RESOURCES	FROM	CHARITABLE ACTIVITIES
			Unrestricted		Restricted	Endowment	31.03.2023	31.03.2022
				Funds	Funds	Funds	Total Funds	Total Funds
Fees income Other				276,335 19,789			276,335 19,789	238,147 5,970
				296,124			296,124	244,117

	for th	for th	e Year Ended	31March 202	3
6.	CHAMTABLK ACTIVITIES
			Unrestricted	Restricted	Endowment	31.03.2023	31.03.2022
			Funds	Funds	Funds	Total Funds	Total Funds
	Direct services and grants payable Indirect services and support costs Interpreting Service		132,649 238,094	4,353		137,002 238,094	160 138,765 226,834
			370,743	4,353		375,096	365,759
7.	GOVERNANCE COSTS
			Unrestricted	Restricted	Endowment	31.03.2023	31.03.2022
			Funds	Funds	Funds	Total Funds	Total Funds
	Salaries Premises		10,705 849			10,705 849	10,097 675
	Professional fees Sundry expenses		3,492 857			3,492 857	4,222 787
	Depreciation		171			171	194
			16,074			16,074	15,975
8.	TOTAL RESOURCES	EXPENDED
			Staff	Depreciation	Other Costs	31.03.2023	31.03.2022
			Costs	8cFixtures		Total	Total
				Revaluation
				Adjustment
	Charitable activities Governance Expected deficit on scheme asset returns		248,777 10,705	6,651 171	119,668 5,198 18,000	375,096 16,074 18,000	365,759 15,975 33,000
	31.03.2023		259,482	6,822	142,866	409,170
	31.03.2022		253,350	7,766	153,618		414,734
	Other costs:
	Premises Repairs Direct services and allowances					33,972 6,388	26,988 5,618 160
	Independent examination fees Accountancy charges Freelance Others Expected deficit on scheme asset returns					1,365 2,127 48,787 32,227 18,000	1,325 2,896 56,520 27,111 33,000
						142,866	153,618

						31.03.2023	31.03.2022
The average number	ofemployees		ofthe Society during	the year was:
Management
Interpreting service
Administration
						31.03.2023	31.03.2022
Staffcosts include:
Current pension service cost Employers national insurance		contributions				42,950 17,463	48,842 12,049
No employees received emoluments			in excess off60,000 (2022—None)
TANGIBLE FIXED	ASSETS
					Freehold	Fixtures and
COST OR VALUATION					Property	Equipment	Totals
At 1 April 2022 Additions					705,807	58,830	764,637
Disposal
At 31March 2023					705,807	58,830	764,637
DEPRECIATION:
At 1 April 2022 Charge for year Disposal						45,607 6,822	45,607 6,822
At 31March 2023						52,429	52,429
NET BOOKVALUE:
At 31March 2023					705,807	6,401	712,208
At 31March 2022					705,807	13,223	719,030

Notes to the Financial Statements for the Year Ended 31March 2023 FIXEDASSETINVESTMENTS
Market value at 1 April 2022 Additions Disposals		114,985 28,115 (28,113)
Net unrealised (deficit)/surplus		(9,422)
Market value at 31March 2023		105,565
Historical cost at31March 2023		108,402
Investments held comprise:
Equity investments listed on recognised stock exchange Debt and other fixed income securities listed on recognised stock exchange		79,197 26,368
		105,565
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.03.2023	31.03.2022
Fees receivable Other debtors and prepayments	66,403 553	44,109 2,338
	66,956	46,447
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.03.2023	31.03.2022
Other creditors and accruals Other taxes and social security	14,902 5,734	12,595 5,045
	20,636	17,640

DEFINED BENEFIT PENSIO	N SCHEME continued
13.2 The amounts recognised	in the statement offinancial activities	are as follows:
		31.03.2023	31.03.2022
Current service cost Past service cost		36,000	37,000
Interest cost Expected return on plan assets		175,000 (157,000)	145,000 (112,000)
Net resources expended before Actuarial (gains)	other recognised gains and losses	54,000 (1,896,000)	70,000 (961,000)
Net (credit)		(1,842,000)	(891,000)
13.3 Changes in the present value ofthe defined benefit obligation		are as follows:
		31.03.2023	31.03.2022
Opening defined benefit obligation Service cost Member contributions Interest cost Benefits paid Past service cost		6,550,000 36,000 5,000 175,000 (135,000)	6,974,000 37,000 5,000 145,000 (120,000)
Actuarial (gains)		(1,966,000)	(491,000)
Closing defined benefit obligation		4,665,000	6,550,000
13.4 Changes in the fair value ofplan assets are as follows:
		3103.2023	31.03.2022
Opening realisable value ofplan Expected return on plan assets Actuarial (losses)/gains Benefits paid Employer contribution	assets	5,863,000 157,000 (70,000) (135,000)	5,396,000 112,000 470,000 (120,000)
Member contribution		5,000	5,000
Closing realisable value ofplan assets		5,820,000	5,863,000
13.5 Analysis ofrealisable value	ofplan assets between asset categories is as follows:
		31.03.2023	31.03.2022
Equities Government bonds Corporate bonds Property		4,732,000 349,000 250,000 192,000	4,679,000 434,000 281,000 235,000
Cash/liquidity Other		169,000 128,000	170,000 64,000
Total		5,820,000	5,863,000

13.6 The actual	return on plan assets	is as follows:
			31.03.2023	31.03.2022
Actual return on plan assets			87,000	582,000
13.7 Amounts	for the current period	and previous periods are as follows:
			31.03.2023	31.03.2022
Present value offunded obligations Realisable value ofplan assets			(4,665,000) 5,820,000	(6,550,000) 5,863,000
Surplus/(deficit)			1,155,000	(687,000)
13.8 Principal	actuarial assumptions	at the balance sheet date (expressed as weighted	averages):
			31.03.2023	31.03.2022
Discount rate Rate ofsalary increase Rate ofinflation Rate ofpension increase Rate ofpension accounts revaluation			4.70'/o 3.95'/o 2.70'/o 2 70o/o 2.70'/o	2.70'/o 4.25'/o 3.00'/o 3.00'/o 3.00'/o

NDOWME	NT FUNDS
		Balance	Incoming	Outgoing	Balance
		1April 2022	Resources	Resources	31March 2023
Permanent	Endowments:
FW Spruce	Charity Fund	18,081			18,081

ESTRICTED	FUNDS
		Balance	Incoming	Outgoing	Balance
		1 April 2022	Resources	Resources	31March 2023
WHeath Trust Garden Fund Groundworks	UK	10,508	13,537 1,425	1,242 3,829 524	10,508 9,708 901
Power to Change			4,000		4,000
		10,508	18,962	4,353	25,117

	Tangible	Tangible		Net	Non
		Fixed		Current	Current	31.03.2023	31.03.2022
		Assets	Investments	Assets	Assets/	Total	Total
					(Liabilities)
Endowment Funds				18,081		18,081	18,081
Restricted Funds:				25,117		25,117	10,508
General fund		712,208	105,565	56,791	1,155,000	2,029,564	208,479
	712,208		105,565	99,989	1,155,000	2,072,762	237,068
STATEMENT OF CHANGES		IN EQUITY
						31.03.2023	31.03.2022
Deficit for the financial year Unrealised (deficit)/surplus on investments Realised (deficit)/surplus on investments Actuarial gains						(47,025) (9,422) (3,859) 1,896,000	(100,929) 5,648 123 961,000
NET INCREASE IN EQUITY						1,835,694	865,842
Opening funds						237,068	(628,774)
CLOSING FUNDS						2,072,762	237,068
REALISED FUNDS PENSION SCHEME SURPLUS/(DEFICIT) UNREALISED FUNDS						920,599 1,155,000 (2,837)	917,599 (687,000) 9,469
						2,072,762	237,068