|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| ## ##