REGISTLRED Niil¥lBF.R: 110146281 (England and Wales) Report of Ihe Trusiees attd Ullaudl¢ed Fln#nei#l StateM¢ts for th¢ Year Ejided 31 P+qarch 202$ for I'he Socieh. for Deaf & Bllnd People
The lAed$ Society for Dekf & Blind People (Register number: 00146281) Index to the Unaudittd binllncial Statements for the Ye*r Ellded 31 imareh 21125 Page Society Informatio RqKIrt of th¢ Trustees Ststemont of Financial A¢iJvities Balance Sb¢ct Nolc8 to the Financial S¢aiements
The Leeds Society for Deaf & Bllnd P¢ople So¢iely Information rvr (he Ye¥r FJnded.11 Ilarch 21125 JOIDIT PRESIDE.NI': Hon Ald Mr M J Dodg0 MEYI SP MrMCASmithJPMA CHAIR: Mr J HExon TREASLI. iER: r D Taylor TRU%TEES.. M% D Burrows Mr% B Byard S P'osier Mr J Ilixon Mr H MahTllood MN C Rochc Mr E Iktckrem4ratn¢ RICTISTERF,D OFFICE.. The C¢ntre Si Mary'8 Sireet Lee<L8 Wesi Yorkshirc LS9 7DP CHAIUTY RF,C.IS'TIL4TION NL'P+qBER.. 227169 COMPANY REGISTRATION IIUMBER.. 00146281 (E.ngland aod WalL¥) IliDEPEP4DENT EXAMLN, Andrew Walki#son (FCAI fvaalLoltn Jones & Co LimiteAI Accountants and Business Adviso W*t Hill Ilous¢ Allcrton Hill Chapel Allerton Lee4fs LS7 30B BANKERS: Yorkshire Bank PIC 94-96 Bii¥¥411 Leeds LSI 6NP Virgin Money Page I
Th¢ Leeds Soriet}' for Deaf & BlId Peoplc {Regi51er¢d number: 00146281) Report of the Trustees for the Yehr Ellded 31 Trlarch 2025 Thc tnL.%¢s ar¢ pl¢ikKd to i?r¢s¢iit tli¢ii allElal di[1. L()bprtlxr with the fiuEtllLial siaiemenis of the chartry for the )ear endng 31 March 2025 which are also prepared to meet the requirements for a directors. report and acfjoun¥s for Compante% Aci purposts. Thr Leed5 Society for Deaf & BIEnd Penple i% A re.giqleTrd r.hAriiy Ire¥isiered niiEllber 22716Ql and 2 private company limited by guaraniee (comtmny ntjinbtr 1462%]). It% governing documeBts are the Memorandum Articl of ociation. Trusttes The Board of Trustees (knowryt thc Management Committee) is eletted annually by the Members present at th¢ Annual Genernl Meeting (AGMI. The f()Ilowing Trusiees setved the financial Y 20?4-25, unles oÈherwise indicatrd, thcy wer¢ Trusie&s on the date ihat thi% report waN appn)>ed. Mrs B Byard (appointcd 13103i251 M.% D Burn)w Mr W Finney (restgned 271111241 Mrs S Fu%l¥r Mr J Hixon Mr P Landey (resigned 281081251 Mr H Mahmood M5 C Roche Mrs. A Spear {resigned 271111?4) Mr E Wickremar8we Appofintment of Tru5tee5 The Chatsty is managed by a committec of E]i¢mbcTh who are known the Marta¥emeE]I Cammiltcc. In ac¢ordaMce with th¢ Articlc5 of A%%o¢ialion, carh YC tlic tJllr¢ loi)g¢st sL"IviiJb IIiLL¥I ILlitr bj TU£]1111 Lli¥ AOM. R¢iirin¥ Truste¢s who remain qualified rna}' be reappoinied. Any acanLie4 rnay be filled by Tru%tees or by members accordance with the notice and nolninaiion requireMenLS set out in th¢ arti¢l¢s. Vision To ellable Deaf. Blind and Dtrdfblind people to have equal opportunitEes. and aCh1C thcii potentEal without limltalion. Mission Having our Lommunily at thc etnlre of eN'ewhiT]g we do. Providing a wclcoTning, sustainable and safe place whLTe everyone feels ai home and is trted a% an equal. Enabling individuals, farnilies and fri¢nds lo ronnect and acce55 %UPPOrt. re%ource% and sm'ices: appropriate to th¢ir neLxls. Helping oiher organisalions to devclop their smices to better meet the n¢eds of Deaf, Blind D¢atbliRd People. Celebrnig su¢ce5se% and respectinE all. Strucre, Covern8n¢e & laageMent The Society is governed by the Board of Trustees whi¢h meets regularly and is resyonsÈble for the Siraicgic dsrcction and oversight of th¢ Charity's policÈLy and a¢tiVili¢T. The Doard is rcspon5iblc fvr nioTritoring progrcs5 and cnsutin8 that actual outcornes 7£ lign with the Socicly's planned objcctii'&%. As at 31 March 2025, the Board Lomprises eight TtU5tees. six of whom haie a geory l(trss, eAsuriag goiern8n¢e rellects and wresenls the community thc S{iety s¢rV. Finance ad adm2ni4trative maiters are oi'erseen by the Finance & General Purposes Committee. which supports the TnL%teu in managing resources effectivelv and Maintaining the Charity's financial %u¥lainability. Page 2
Tlie Loods Soclety for Deif& Blind People (RegÉstered number: 00146281) Report of the Trustees for the Ycar Lnded 31 ftr12reb 2025 Objeetivc$ & Aeiviti¢$ Introduction The leds Socielv for Deaf and Blind People (the Suciely) vi.%ion is to cnable Deaf. Blind and Dcablind people to have equal opporninEties, and achiei'e thekr potential without limitalioii, li is conllnitted 10 improving the lives of people who are deaf. blind or deafblitid across Leed%. Through consultation with user groups and en%uring. repretEln nf de&f. blind and deatblind p¢ople 'ithin its goTremancc. Ihc Socicry d¢velops services. aciiviiies: and opponunitie% ih8t prtsmoie irtclu%ion, a¢ceksibility, and cornuntty parttcipation. Iwithin this. w'e Support fjllyone with any le¥el uf hcaring or Ight loss. The Soclety delivers IL objectives through a range of services and artivitics. dcsigncd to mLYt the lleeds of sensory- impaired indi¥'idual5'. The L£eds Sign IngUage Inierpreting SLYvice {LSLIS}'. Vry)vides professionftl tjntash Sigll Language {BSLI intcrprcting to individuals, organisatiotts and busine¢% thraugh contrdcL% with public and Private 8e¢tor u)ntrdcIs. S¢¢LWiy AwdJriirsN Tiaiiiiii¥ {SAT)." Otr¢Th idilurcd training to organiuiions and individuals 10 improve undL'rN&Lnding and ac¢essibility for senstsrv.impa people. B%1. in the Ivorkplace Offer. organisaiions knowtedLTe around gupporting deaf people iu tl]e workplace and yiving them the skills so that plaLemEnt% arc Ic85 lÈkely 10 tail. Medical Comt)iuni¢a¢of Guide S¢rvic¢%'. Supports. D¢afBlind iadiN-iduals in accessin8 helllihCa S¢TVifC effectively and independenLIy. ACCe51b1e FnrniaLq-. Prodiice.4 information Braille. Audio and Large Print to en4ure inclu*ive eommunieation. BSL Cla.kse%.' Deliver4 cour8e5 to ettcournge learning and communication beiwttn deaf alld hearing commuDttie.s. Room Hire for Communiry Groupg.. Provides bliace for orgTallisaÉaons supporting deaf and sexLSOry-impatred people. Commercial Room Hire.. (XTcr% fa¢Èliti¢s for commercial use (o generaie tnLome for the Socirty. Soci21 Group% and Activitic%.' Runs ¢vcnts and activiries io reduce isolation. build ¢ortneetLi>n.g and enhan¢¢ wellbeing arnollLT communiry members. Aims, objcciivc% and activities are rev2ewed 2nttLEdllv to ensure they rem2in f<Jewsed ort our principal obje¢taves. have referred to the Chartty Commi%%ioR'% bTcReial guidance on public benefit when ulldenaking this rei'iew process. iBvestmeRI PerfoTm8nce At the 31 March ?0?4 the value of th¢ inv&4lment portfolio stood at £94.797, by the 31" March 2025 it had ,s¢en a decrca5C to £81.571. Risk Assessments The Tru%leth have identtfied the major srrategic. business and operaiional rtsks. which ihe tompany laces. and STrtsteS are in place to tnitl2Bt¢ any cxposure io ihe%e ri%ks. Financial Revlew Totsl inLomingF reOurCeS dropped frow £344,214 in 2024 to £295.283 this year with resouK¢s expended falling from £348.654 to £276:735. No governn3eni granL5 I4'ere received iii ihe year. I'he 4urplus for the y¢ar b¢foE other recognised gains and lo%seb £18.548 compared io a defici¢ last year of £4.440 There was an EU]rcalii¢d dcficit on the in¥cstment ponfolio of £??6 aiid a realiscd loss on invesunenL% of £341. The Pen%i()T] Fund su.¥tdsned an .Qctuartal gazn of £718.0Tr) compared £th 4L gaill of £378,00(l ill 2074. At 31 M4vch 2075 the iotsl lunds ¢arried forward had In¢aed from £2,446.088 to £3,182,069. Thtte are other financial commiisnents, guardniees or coniingent liabiliti noi provided for or d$I0$ed in the fitwicial 51atcmeiiis. Reserves PoltY It is feli prndenl to maintsin rt¥ervc%, before pen¥ion heme &eLliabilItiCy a¥ these are considered nol to give ri.8e lo immediate cash a ItCl whercby the TEscfvcs would rncct the nee& of the Society for approximately %ix months in thc ci'ent of the 1044 of all incorne streains. Page 3
The Lttds Sociotv for Dt#f & Bli4d People (Registered Rurnber: 110146281)
Repori of ihe Triistees
for the Yer F.rted 31 .March 2025
Rès¢rv¢s Policy (cont}
The TTUSte&5. gii'cn the status of the ¢ompany as a nut for profit company. rccognise thai li i% important to niaintain levels
of ieserves that are nat ltAnec$r1IY high and that are appropriate the Society's funding requiremenL4. The factor.
taken into a¢¢ouni bv the tN.%lee% it]clude tlie securiiy of the various income strcarn%. the le¢1 of CUTrent and tllre
riinnin£ c0518 and other expcndimre and ihe need to provide for fluctualion.¥ in Éhe fulldin8 rwuirements of the defined
benefii pension scheme.
The unte5tricted general fund amoun¢ed to a SUTplus of £3,149,423 a¢ 31 Marth 2025. This as made up of elements..
£2.352.1)00 rel2ies to the pc1[} fund assei - thig is underwritten by Leed% Ciry Council it) the ujilikely event of
default by the ¢ompany, although as this i% currently an asset. this dtts ttoi eutterttly apply.
£797.493 positive luttds artsiag from uperatlllg 4urpluws Èn previous years.
The Trusitts felt that it Was important to retsi reseThe5 for the future financial kUrity of the Society-
Defined Benefit Pen$ion Scheme
Whslst the Charity h&$ reLognis¢d th¢ surplus Èn the defined benetit pension h¢Me. it should be clearly understood thai
the Charity doe% not have access io this 'asset' in the n()mial couNL of ci'ents. This is beca¢ the pension %¢hem¢ i
irtve5ted for the longer teTTn and tlie enSlpA 1% ha.(1 assutnptiOn4 th3t change eacb year. Rela11'e1Y TrnOr
¢haT]ges in ulldcrlying a&sumplion% can havc a drastic impaci on Ihe asset or liability recogynised meaning the net wsilion
ai ihe ear-end date might k.%ubject to large variaiiotLS ytat on ycar. For the year an ou&%tion, the a%&uFt]ption r¢g8rding
the discount rate applied to liabilities ha4 in¢rv&4ed lo 5.8 /a [pr,]0$]Y 4.8°/¢l. This rewli% in a lower i'alue atliibuled to
expected sclieme liabilities thereby improving thr net positioi]. The Tru.%18 take advi and obtain a v8luation frt>Tn the
pension provider and haN'e no re&50n to believe the aUmptionS made in the valuation are unrealisiic in the
circumstances. Further details regarding the accoulltiu¥ riÈ+k5 Itnked to asyumptions is shown in nok 13.
IVeStment Pollcy
In order to AintaI Ili¢ V4IluL uf it% Ihy Trusirvs l&ik¢
The IKeds Society for Deaf & Blllld People (Reglstered nUEnber: 110146281> Report of the'frustees rDr tbe Year F.nded 11 Mi arch 2025 Aehiev¢ments thi$ year 2024-2S {eont> Sensorv Ciarden Pro ect Working aliiRLyside the BSL Ciardening Cjmup. Ure have CL)ntinued to develop the Set)qory Gardet). providing a pe8¢eful, in¢lu%ii'e outdwr.space for r¢Iallon, gla]Sl, and comtllUllEty aciiN'jEÈe4. Ne, Tenants and Buildtn Use We have succe&sfully w¢lcomed new tendni% into The Centre, helping to create a vibrknt. 5U.¥t2inkble, and communiN. focused environment. British Si nLan ua e Classes We hatre continued to d¢liv¢r BSL classes. encouraging communication and undersiandang between deaf and hearing Cornrnuni and 8ocial F..n emcnt Our Centre has become a ihriving social hub. hosting a range of aotii'it1¢5 8nd groups ihai promote wellbeing. inclu.%ion, and ¢onneLlion across our wmmuni(y'. Leeds Deaf Socsal Club and Over 50s Deaf Grotsp host wcll-attend¢d weekly events. The deaf community run¥ a Tllanihly Rin8n p4.pnr 2nd ()rgaMi&P¥ .11ar 5ociHI gatherings. The BSL Gardening Group meet.% regularly lo plan and maintain the garden. Thesocial Squad mceis monthly, sonTreiirnes mor¢ regularly. on asaiurday. open to all member% of the comrnunity. A Walking GroLSP has been established. Eueeting monthly and led by a deaf communiry member. Lipreading Llass¢s continue io %upport those developing c4)nUnnicall0n.4k1lj. afici hearing li)58. A vartety of comnEunily evenLs have taken place throuEhoui the year, in¢ludsnx bOTbecue4. fun days, craft %e*sions, and dEy trips. FuT]draising events hai'e Ixen held thToughoui the year in suppon of the Senwrv Garden and other initÉatives. 'e eontinue ti) benefit from strong i'olunleer uprt from the deaf com]nunÈry, with many It11.tdua1$ regularly assistin¥ with ev¢nts, groups, and Society act5Tr7tÈcs. Health and Saf¢ Mil&%tone WK buiL¥>bfull}' m¢1 iatgti io purchase a Defibrilla1. now locaied In ihe offe. PI2TL4 are in place io.. Inst211 it in the foyer arca. Pr(Trvide refT¢Sh ttuinin¥ foT Staff and viTrluHteer% iTrn saf¢ and effeciive use. Plans for the future Objectises 202>2026 The Societ>. aims i() Cllttlinue huildin¥ nn rece.nt pme_Yps$ 8nd strengihen it¥ role as a leadiftg org&nisation supportin8 people wtth serysory10%s in Lce(L8. Over th¢ ncxt >¢ar, 'e ,111.. Develop a colytprehcnsive busineks plan tts Euid¢ the Society'% future dItIon and identify ne, incorne 5treain5. Thi5 will it]¢lude input frum an external ¢onsultani and a series olplanned bu.%iness pl8nninbF woTk%hop%. Appoint additional interpreters to expand our setvices, ensuring impiol'ed a¢¢ess attd ¥upp(M for the deaf commvnity. Explor¢ collaboration%. partnershtps. and joini venwr¢% that enhance ihe Socieiy'g long-iern) viability and susthinabiliry. Continue io develop the"$la] Hub" concepL creating an inclusive environnient where sensory-impaired people Lonnect and interact. Incre&%e inLome froni Irusis and organi%ation% lo cnablc thc delivcry nfnew and imprtbi'ed %ervices. Provide ong)oing l¥aInLI and deN'¢lopmeni OPPOflunilie% for both statT and Trustees we are up-to-datr wilh Sateguurding and new Icgi.%lation. Sirengthen our w%iiion a% the 'gJtrio- orgalli5ation for people w'ith sensory 105s in Leeds. Reduce isolalion and lonclincks by oftciing nioTe (yporwniiies for sockil connebtion and engagemeni. Expand the prnvi8iiJn of B%L classes to mee( growiag ¥omm¥niiy dem4md. Market our seryiceb etfecrively 10 enc(Trurage bSineSseS io make their pla¢e$ of worf( more aware of the nee<Ls or our commututy. Extend ro(Im hire availability to generdte addilional income and community use. Page 5
The Leed8 SoctetiT for Deaf & Blind People IRo2fistered llber: 110140281) Rtport of the Trustees lor Ihi 31 Tryzrch 2025 ObJÈeilves 2025-21126 {¢oMtI Develop ttew activiti for thc d¢afblind }d blind communitie%, ¢sUring greater inclusit)n and engageFuent. N.lodemise the inrprelin¥ 8rTr.-ir¢ to btttcr meei the needs of the ¢omn)unity and improvc ¢lTicicncv. Rccruit ond develop additional terpreterts, 4upporiing Iheir prof&70ni1 growoh withKn th¢ organisation. IntroKhicc services deqi8ned ¢0 create extra incotne and en&Ce community supporL Sirengthus parththhip% with oiiher orgat)tsations, helping lo shaTe and prote infoTTnation withill the deaf and blind comtnuniiiLs throu¥h Thc C¢wtr¢. Esb]Ish a Sign and Sing Cho%r to promote ffeativity, inclusion. and communi1> syirit. Create 8 phtsiogtaphy group to enwurage expression. learning. and conneclÈon among community members. Conelllsion Throuiih these objeciives and activities, the Leedfj Society for Deaf and Blittd People conttnues to epOWer %ensory- impaircd indiN'iduals. proTnOt¢ inclusion, and strengthcn cotRTllunEty crgageine.nt in l_t¢d%. By ¢xpaAdii)g qervi¢i's. oderni8ing ptovision. and generdting new incolne itreams, the Soci¢ty aims to remain a vital resource for people with -%eTrs0ry and their families. Statement of Respoll$lbllltit$ of the Tru%teeslDirector 'I'hc charity rrusicc5 Iwlio arc also th¢ fvr th¢ pww. cs of coiiip4fiy law) ai r¢siK>L15ibl¢ foi" pi"¢paA"kug d liubt' annttal rq)on and financial SleMenL% accordance with applicable law and regulations and tn a¢¢ordance with U]2ited KinLFdom Generally Accepied AecouatEn¥ Pwiice. Company law require% the ¢nEqte&s to prepare fEnat2cial statements for eAch year. Under ¢ompany law, Ihe tru%tee¥ noi approve the financial sthtem¢nts unless they arc atisfCd that th¢y give a true and tair view of ihe sthte of affairs of ihe charitsble coinpany and of its incoming re50UXe5 appliLation of resources. including the income and expendire for the financial year. In preparing th¢ financial statcmenti, the tnJsttt% are required to.. select quitablt accounting policies and then apply ¢hcm con4i%iently.' make jud8em¢nL% and csiimate% that are nable and prud¢nt.' state whcthci applÈcablc LIK accounting standards have been followed. subject io atty material departure disclosed and explatned in the financial $thentS- prepare tlie [nCIal giatemellls on & &yoing concern basis unless it is inappropria to presume that the charity will continue business. Th¢ ¢ru%tccs are re.spoiisibl¢ for k¥typiM¥ £id¥4Uiilv arLouniing rcrord% tha( arc.%utficicnt io show and cxplaill ihc chariry'% aM.%aLtion¥ atul disclo%e w'ith reasonable accutaLy at klly I]e the fancial of tbe ctjarity and that enablc thcrn to eTrsur¢ that the rtrtacial ststcm¢ni.% ¢omply with the companie Act 2006. They are also reqpon.sible for %afe8uarding the asseis of the charity and hence for takinu rea5Qll4bl¢ btws for th¢ wrv¢ll¢ion and ot. fraud and oth¢r irrtgulariiie%. This report has becn in accordance with ihe special provisions of Part l S of the Companies Act 006 relalinR to smo11 companies. -Ihe tru4te¢4 vL)nlirn) that they have complied with the duty ID section 17{51 of ihe 201 I Charities Act to h&ve thE¢ regard to guidance on public benefit publishcd by the Ch8rity CoThiTris%EOn. OTh BEHALF OF THE TRUSTEES: J HixL)n- Chair Dated.. 13 November 20?5 Pag¢ 6
Tht Leeds So¢iety for Deaf & Bllttd People
Independent Examlners, Report to the Trustees of
The LeEds foT Deaf & Bllnd Peoplc
I rep¢rt the arGounts of The Le¢L. Stsciety ftyr Druf & Blind Pcoplc for tlic ycar cud¢d 31 Mw¢h 2025 whi¥li "¢ 5¢1
oui on p>s % to 18.
Respective re5pon&Ébilities fjf trustees and examirter
The trustees (w4Jo are also diFrctor% of thc coinpwiy for the purpo>e of company law) are r¢%p(>nsibl¢ for the preration
of the aLLounis. The chaiiiy's trustees ¢ou¥tder ihai ddit 55 tLOt requir¢d for thi£ year under section 144 of ihe
Chariti&8 Act 2a1 i or under Part 16 of ilie CompaniL.% ALI 2006 and that aj independeni examanAtion is needed. The
Charity i% required by law to prcpare accrued accounLs and l am qualified to undertake the examination by being a
member of The A45ociation of Charteied Ctrtitied ACcoulants.
Hal'ing been sati.%fied thttl thc charity is noi subjeci w an audii under conipEny law and 1.% elig>ble lor indepeDdeRt
'xamine the a¢¢ounts under section 145 of the 2011 ACL
tv lollow thc ptOGcdurcs laid dowij iii dir GrEJLiuI Diiwliviib ¥IV¢IL by lh¥ Ch4tRiy C4Jmrni¥tsivn und¢r section
14515) of th¢ 201 l Aci., and
to state whether particular mattcrs have come to my attenuon_
Rxsi$ af inrfopendent report
My examination carried out in ac¢ordance with the General Direclions givcn by the Charity Commission.
examination includes a r¢view of the accountiT]g record. k¢pt by th¢ charity and a Compari.n of the account5 presented
with those re¢oFd%. It al40 includes consideration of any unu%ual ilem% or di%closures in th¢ accounLs, and thc %eeking of
explanation4 fr
The l.eeds Societv for D¢of & B16lld People (Regiittred number: 00146281} Stat¢meni of Flnattcl41 A¢tivilies (ineludlng Statement of Comprehensive Income) for the Year Ended 31 fllareh 2025 Notes Unfe%tyieied Re%lricted Endownient Funds Funds 31.03.2025 Total Funds 31.OJ 7024 Totsl Full Incoming resources IncomEng resources from generated fvnds.. Donatioii$ ajid IaLl> Ini'¢4tment income and interest Rental ineume Inc(>mirtg resourecs from charitable activitie 10.370 3,861 35.670 18,135 28.511 3.861 35.670 35,2(Tr4 5.123 31,684 227.241 227,241 72,143 Total in¢omill2 resources Ibtfnre exceptional items) 277,148 18,135 29.5,283 344 ?14 Resourees expenifed Charitable aciik'ities GO.trn3Cc Expected IsuTplu$)Idcfacir on scheme 322,199 5,266 16270 33S,4()9 15.266 385.879 16.775 a6S¢1 irluiiis 13 (77,0001 177,OOQJ (S4,0) Total resources expended 16270 276.735 348.654 N¢t incoming.'{t>utgoiTrgl rcsources before transfers and government gTanL GiivtiIuIiuit ¥F4intb' Transfers Ixtween fimds 1(1.683 1.865 18,548 14,4401 Net Inco1119110utgo} resowces before otljer r¢¢ogns.sed gains and lo%es 16,683 1,865 18,548 14.MO) Other rerognised gains #Thd losse5 (Lossllprolii on in¥c&tsn¢nts: (Unrealised) ([SSI on ini'e8tmeni¥'. (Realisedl Aciuarial and pasi service gaLtt.% 10 io {226} 13411 718.000 {341) 718,(N)O {1,52X) 378,1)00 et movement in fuDds 734.116 1.865 735.981 373.326 Reeoutiliation of funds Total tsnds brought foN'ard at l April 2024 2.415,307 12,7111 18,081 2,446,088 2.446.088 FundE rATried forward at 31 .March 2025 3.149,423 14,565 18,0111 3,182.069 2,446,088 All of the above resulL4 are derived from continuing a¢tivititS. The note£ forni part of the%e fJnanci81 stskments PabFe 8
The Leeda Socielv for Deaf & Bllnd Peoplt (Reglsitred MumbeT 00140281) BRlance Sheet .11 March 2025 31.03.20?5 31.03.2024 NoS FIXED ASSETS: Tangible A¢t. Ini'esimenis 706.392 81,571 708,219 10 787,963 803,016 CURRENT ASSETS: Debrors C&4h at bank and in haDd 33.175 25.522 66.145 26,162 36,097 92,307 CREDI'IOR%.. Amountb fallEnu due within one yeor 12 (16,591) 119.2351 PIET CURRLf*T ASSETS: 42.106 73,072 TOT AL ASSE"rs LF.%S CURREliT LLIBILITIES: 830,069 876,088 OTri_CLRRENT ASSETSI(I.IABILITI&S): mployee Ilenefits 13 2.352,000 1.570,000 TOTAL )ET ASSLTS 3.182,069 2.446,088 Unrestricied funds. Restricied fuiid% Endowment funds 16 Is 14 3,149.423 14.565 18.081 2,415.307 12.71K> 18,081 "IVTAL FUIDS 16 3.182,069 2,446.088 For the rtn2u¢3al year ended 31 March 2025 the company cntitlcd to exemption from audit under Yclion 477 01 Ihe Companies A¥¢ 2006 relating to small Companies. No nitberS h8N'e rcquired the companv io thbiain an aL1t Df IL% accounts forthe year ended JI Mttrch 2025 in accordance with seciion 476 of the Compdtiies ALt 2006. The directOTS acknowled¥e th¢ir rpOnsI?)It1ty for complying witb the requirements of the A¢t with sPeCt to accoulltang record5 and tor the preparation of act¢t¥. These fanLial %tatements hai'e betn prtp&red tn avL<irdaTILe with thc provF.%ion% applÈcablc to cotllP8nie8 subject to the small Lompanie%' re&Time and coiisiiluie the Ènnual aLCOUDL% qUIred by the Companith Act 2006 and are for eirctslari.%ation t() membcTS" of the cornp2ny. ON BEIIALF OF THE BOARD: Mr J Hixon Chair Ms C Roch¢ Tntstee Approv by the Management Commiuce on 13 Novembcr 2025 The notes foym part of these fsnancial statement Pa¥e 9
The IReds sety for DeAf & Blind People {Registered number: 00146281) f¥ote$ to the Finantial StAtemenis f•r tho Year F.nded 31 March 2025 C<)NIPANY IIFORMAI'IOI The Lccds Society for Deaf & Blirtd Pe()pl¢ a Charlb]e company, Ikmiied by guardntee. regislered in Engl8Dd and Wales. The cOmpty,5 registered nutnber and retsisitted office 8ddre&s can be foulld on the C'ompatty Inforniation page. ACcOuYTG POLICIES Ba5i5 of Preparatio I'he fiTIcia1 State¢15 hai'e beett prepared in accordanLe wtih ALLounting and Reporting by Chariiie%'. Sialtment of RecO]ended Prdctice appliLable io ¢harEli£s preparing theTr accouTlts in accordance wilh the Financial Reporting Stsndard applicablt in the UK and Republtc of Irei8t]d (FRS IQ2), the Charitigb SORP (FRS 10?), the Companie¥ ALt 2006 and die Chariiies ALI 2011. The ¢ompany meets the deftnlion of a PLèbliL benefst entity under FRS 102. Assets and liabilitic8 are initiallv recogniscd at historical cost or transaeiion %'aluL unlc4% othernr.%e %tated in the re.le.vant Al-.C.tsinling pnlicy nolelgl. The cornp3n}' has availed its¢lf of paragrgph 313} of S¢h¢dule 4 of the Con]panies Aci forniaLS to reflect the special nature ofthe company's activities. Preparation •f the account& on & going eoneertt b911$ The charitv h&% a nei %urplus sho in the account% of £2.446.088. which includes a surplus of £l.570,000 OD ih ch2riry'8 dcfÉned benefit I>ensLon schem¢. Given thi5, the truste£s believe it i¥ appropriate to prepare the r]nancial st8leinents on th¢ going concern basi5. CompAny and Charitable Ststus The Letds SociLI}. fur Deaf &. Blind People is & company limitod by guarantee, Ihe liaL7ility of each tllembet of the company not exceedingj £1. and a clwiiy registcred under the Cl)an"tie8 ACL Fund Accounting Fund% held bv t]ie charity are either.. Unr¢srricied general fu#d% - the4e are funds which Can be used in a¢oordance with the charitable objecs at the discretion of the trusiees. Rcstricted funds- these are lunds that can only be used for ptiriicular re%tricted purpose% spectfied by donor8 of thc fisniL%. Endowrynent tiinds- pern]anen( ¢ndowm¢nl funds are fvndb. wbich musi gentrally htld indefjnitely a$ truses do noi have the powcr lo convert the capital Ènto income. Further explanation of the nature and purky)se of each fund is ineluded in the notes lo tht finaTh¢ial tateMents. lllcoming Rcgources Incoming rewuTce5 compri%e.4 all incoming resources becoming a%'ailable 10 the COpanY during the year and ncludcs income from dll sourc¢5 re&Fardle&% ol. 115 source or of the purpose to whicb li ts applied. Where applicable mcome ig recogni4ed iyhere all rc>nditlOFLS for receipt have beeE] rnet and there is reasonable assufdnce ol"receipt. All income is reported gr0$8 w£th no tting off of c( orexpellses. R¢sourets Expended All expcndirnrc 1% accounted for on an aLcrual% basi.% and has becn classilied under heading8 thai aggr£'¥aie all Cl related to specific #ctivttieh or ea¥ori¢s. Costs of ¢haTEtbl¢ aCtI1¢i¢l comprise Jll expeRdiiY dir¢¢ily relaling to the objecLs of the ¢harty' including cosis incurred in supporting charitable aciivities and projecis. Governanc¢ ¢osLs ¢ompri4e co¥t¥ incuned in Lonnection with the athnini%tiaitsn of the charity and ¢omplixnLc ith ¥onstitutional and 5thtulory requ¢1Cts. Il'here appropriate. c051b are apportioned between ¢tn"table actii'ities at)d goveman¢L' eXd1(Ure bv the tnL4ee¥ on d re&%onable and Lonsisient bd41S. Page 10
Tlie Leeds Society for Dellf & Blind People IReEl8ttred number: 0111462811 r¥otes to the Fitt#neial St21erllenls for the Year Emded 31 March 21125 ACCOUY'I'ING POLICIES (eontinlled) Operating Leases KttiialN paid under opeEatiEL¥ le1> are charged to the profit 8nd lo&$ account on & &tTaighs line basis ovtt Ihe perEod of the Ic&se. Tangibl¢ Fixed Assets Tangible flxed assets are capitalised at Ct including iti¢identsl expenses of acoui6iiion. DepreLiatiou is p¥ovided ai the following annual raies in othr to writc off each a$5et over IL8 estimated useful life. rreehold property not depreciated Fixmres and equipment 20•/0 on c4)st Investmen1$ Investmertt a.8ets ar¢ revalued to market i'alue at t]ie B21ance Sheet date and ans, gain% or1o%se¥ on revaluat2on are report¢d in the 'other rcco&Tnss gains and losses, seciion of the Siatemcni ol. Fnanci Activities. TIIL. %L>tyibiy partiLIpa in & muliÈple employer deflned benefiE.scheme. The W&si Tr-orkshire Pen5È0n Fund. Note 13 explains how th¢ h¢me is presetjted withÈTa the financial statements and the bases and &s5umpiions used in valu18 schetne ossets. and IEabilitie5. DONATIONS> AND LEGACIF.S Unrestrkcied Restricted E"ndowmeni 31.03.2025 Funds Total Fun(L% 31.03.2024 Total Funds Donations. appeal8 and fundrai¥%ng e¢Trts Legaeies Granb. received 6.754 1,135 7,889 1,000 19,622 3.959 9.805 21.50(1 2.622 17,0(M) 10.376 18.135 28,511 35.264 IrVESTh1E'T 1Tr4COME AND INTEREST nresiricied ResLrieied Endowment Fund5 31.03.2025 JI.03.2024 Total Fund5 Tolal Fund Dividends- UK equitie% Interest_ UK fixed intere%t securiti&% IntLrest on bak and building swiety 1,869 1.450 1.869 1.450 2.563 1.497 542 542 1.063 3.861 5.123 IiycoNiifG RESOURCES FROMI CHAtUl'ABLL ACI'IVI"I'IES UkuesirtLted Fun<L ReincEed Endowtllettt 31.03.2025 Funds Fvnds Totsl FuTrd 31.03.2024 Total Fuiid Fees income Other 201,124 26,117 ?01.124 26.117 252.869 19.274 227,241 227.241 272.141 Pag¢ll
'I'ht Leed5 Society. for Deaf & Blind People (Register¢d numr. 00146281) I'otes to tho FinalleAAI Statements ror the Yea¥ Ended 31 March 2025 CHARITABLF. ACTIVITIES Urwestrtcted FuE]d5 Resircied Endoiwnettt Funds Funds 31.03.2025 Total Funils 31.03.?04 Total Funds Direct services and grants pavable Indir¢¢t s¢ryitLy and.SUPFrf>rt CilSL8 Interprering Servicc 97,686 ?24,513 tC),270 113.956 224,513 135.184 250.695 322,199 16,270 338.469 385.879 GOVERNANCF. COSTS UnresirÉcted Rc%lrtcl¢d F.d0..mtnr 31.03.20?5 Fun& FuRds Totsl funds 31.03.2024 l-olal Fund Salaries 9.871 761 3.433 1.138 63 9,871 761 3,433 1.1311 63 10,814 Profei%ional fee Sundry exp¢n.%es Depreciation 3.784 Y214 15,266 16.775 TOTAI. RF.SOIIRCES ExpLfDED Stttff D¢pr¢ciarion c¢ & Fixjlles RetlUati()ll Adju4unent Other Costs 31.OJ.2025 TotAI 31.03.2024 Total Charitable aciivilies (iovernance Expe¢tcd (4urplusYdefi¢il on scheme abstt rctUFn5 152,389 Y,1171 2.460 63 167,350 5,332 322.199 15,260 385.879 16.775 (77,000) (77,000) 154.000) 31.03.2025 162.260 2.523 95.682 260.465 31.03.?04 •33.817 110.848 34R.654 Other eost%'. 30,455 12,978 1,325 43.708 8.391 1,425 2.359 56,066 52,899 154.0001 Repairs Independ¢ni uaminatton fees Accountsncy charge5 Fr¢elance ()thers F.xpected (surplu5)Ideficil on herne returns 93,279 32,537 {77,000} 95.682 110.848 Page ly
The Lttds sIety for Deaf& Blind Peopl¢ (Registered number: 00146281) Notes io tbt Flnancial stAteMets for the Year Endtd 31 .March 202S TOTAI. RF.SOiiRCES EXPEf4iDkD 31.03.2025 31.03.2024 The average numb¢r of employecb tsf the SIKiety during the year was.. Mafta8Lmenl Inierpreting ryI¢ AdM]stratiO 31.03.2025 31.03,2024 Staff costs include: Current pension %eTr'i(t Lost Employers nationzl Insurce c(Fntributions 21.161 24,640 Ih,(J34 No employee5 received emolumertts. in excess of £60.000 (2024- None) TATrICIBLE FIXED ASSF,TS Freehold FIx[C5 &nd Property Equipment Totals COST OR VALLATION At l April 2024 AddiiioL¥ Disposal 705.807 58,830 696 764.637 696 At 31 March 2025 705,807 59,526 765.333 DEPRECIATION: At l April 2024 Char¥e for year Dispo1 56,418 2,523 56.418 2.523 At 31 March 2025 58,941 -$8.941 ET BOOK VALLT: Ai 31 March 2025 705,807 585 706.392 At J l mch 2024 705,807 2,412 708.219 Page 13
The Leeds Socle(!' for Deaf & Blind People (Registered Dllmber: 001462811 L%ote$ to tbe FiTr#ncial Statements for tbe Y¢31 Ended 31 Mai'¢li 2025 FIXED ASSET IN.VESTV1E,TS Market value at l April 2024 Additions Disp)1 94.797 26,308 (39.3081 Nei utwlised (deficit) 1226) arkci value a(31 MarLh 2025 81.571 HÈstorical cost at J l Marcli 2025 79,193 Invesimcnib held comprise: Equily invegtmcnl8 li.lled on Trcognised Etock exchangie Debt and other lixed ttliothe %¢curities li_4ted on recognis¢d stock exchange 43,879 37,692 81,571 11. DEBTORS: AMObYTS FALLING DL:E WITHIN ONE YEAR 31.03.2025 3 1.03.2024 Fees reoeivable Other debiors and prepayments 31.692 1.4113 64.592 1.553 33.175 66.145 12. CREDITORS: AMOIJPITS FALLING DUE ITrTTHEN OWE YEAR J1.03.2025 31.03.2024 Uiher credilors and aLCFualN Othcr thxes al soLil.4eLUrity 1.5 .070 1.521 1£.763 3.472 16,591 19.235 13. DF.FtVVn RV.NEFIT PENSION SCHF.11 Introduction Thc di.%cloNur¢s Ib¢lowl reldle to Ihc fuTJdcd liabiliii¢s withiii the W'est Yorkqliire Pension l-.und (the 'Fund"I whieh is part of (he LIK&1 CEovemment PeA%itsn Scheme {Éhe "LGPS") land Gertain related unfunded liabili(ies w,hicli have b¢¢n separately disc104cdl. The l.GPS 14 & fvnded defined bthcfit plan wsth Infrts UTned up to 31 March 2014 being linked ro final salary. RkneliL% atlcr 31 March 2014 are based on a Carett Av¢ra¥TL Rck'alLked Famings scheme. DLxai14 t)I' the benefEL8 ¢arned over the PLYind covered by diis disclosure are %ei 4)ui in 'ThL lA)cal Go>LYnment PenNtL)n Sclieme Regulatiun5 2013. 1&5 anicnded} wid 'The IAKal Governmeni l>eELNion scheme <'l ranqitional Provi%ion4. -%airing and ADhelldment) Regulalioiis 2014. {as attkended}. Page 14
I'he Leeds Societi. for Dellf & Blind People (Registered number: 00146281) L Otes to the Fln#llelkl Statements for the Year Ended 31 .Marth 2025 DF.FINF.D BENEFrr PE'sION SCHEME contiDued nding l 'trnan£t Arrangements of the LGPS The funded ttattErc of the l.GPS requir particip&iing emplover4 and their employees io pay coniributions inio the Fund. c31culated at a lefvel iThtended to balance the pension liabtlities iyith Invtment InfoTmaliov on the fram¢ii."ork for calculating c41ntributioni lo be paid is sel ou¢ in 'The l.ocal Government Pension Scheme Regulation.5 2013, and the Fund's FurtdEng Sirdte¥y Stalcmeni_ The las1 actuarial valuation 'ats at 31 March 2022 and the c02]tributions to be paid until 31 MarL'h 2026 ultIng Irom that i'aliEation are sel out in the Fund's Raies and Adju%tingN Lertiflcate. Th¢ Fund Administering Authority, City of Brddford Meirowlitan Disirict Council. E5 re%ponNible for the goi'trnance of Éh¢ Fund. Assets The assets ollocotfjd to thc Employcr in th¢ fund ar¢ notiunal aj aUllied to b¢ iiJv¢8t¢d iji liIir thr invc8tments of the Fund for thc purp(Tr.%e% of calculating th¢ r¢tum over the accounting peTiod. The Fuiid Iiol¢Ls a 4isnitricAnt proportiott of it% 2ssetS Tn liquid invc4tments. As ¥ consequen¢c therc will bc no Eignificant regtricti() on reali%ing assets if a large pavmtnt i¥ required to be paid from the Fund in relatton to an employer's liabtlitses. The are inVeSd in a diversifted spffad of inYe5tmeRL8 and the approximaie splii of ¥LsseLs for the Fuud as a whole (based on dat wpplied by rhe Admit)isterirtg Authnritj,) i% gho1 in the d15c105ure%. The Fund AdmÉnigt¢ring Authority Ena> invest a srnall proportion of Ihc Fund'% inve%tmen15 in the assets of some of the employers panicipattng in the Fund ifit fornjs part of their balanc¢d ini.'&stsnent.%tratcgy. Risks Assoeiated Ivith the ID rel8tlon to aeeountlng Asset volatility Thc liabilitie% used for occountig purposes arc cal¢ulatcd using a disrount rdtc set %fviih Fefcrencc to corporat¢ bond yields at the a¢couniing dale. It Lgset% undcry)crfomi this yield, this will create a deftcit in the accounts. The Fund 8 £ignifieani prOrtIOn of groth aggets whiLh. while expected t¢> outp¢rfom) ¢orpotste bondR in the long term, create% volatiliry and risk in the short LernE in relation lo the a¢couThting figures. Chan2es in Bond Yleld A decr¢ase in corpordie bond yelds will increase the value placed on the liabilities for accounting purposes aldiough (his will be marginally otT5eÉ by the increase in the asscts as a resuli (to the exnI the Fund Ènvests in corporate bond4'). InnatioR Risk I"ht tTrajority of th¢ pension liabilitie.s are linked to either pay or price inflation, Higher inflation expcctatl0s will lead io a higher liability value. The ass¢ts are noz wfectly cOrrelad with inflaiion Tneaning that an increase in inflatian will inrren%e ihe defkcil. I.tfe expettanry The majority of the Fund's obligations are to proi'ide benefit¥ for the life of the member followingv retirement. so increases iti life expccthncy will result in gn increase in ihe liabililies, Exiting emplovers F_"mployer> which leave thc l-.und lor their gFvarnntorl ¥nay have to ake an exit payment to ett any shortfall in Btssets gEgainsi Eheir pets%ion liabililic%. If th¢ ¢mplo}er (or guarantorl is not able 10 meet this exit payThcnl Ihc IEability ma) In certath tcUl1L5IancC tall on other employer4 in the Fund. Funher the set5 at exit in respect ol- '()rphan liabLliti¢8' may. in retrospLc£. nol be %uftiLicni to tneet Ihe lÈabilstie%. Th%% Tnav tall on other employ¢rs. 'Orphan liabilities, art Lutrcnily a %Tnall proportion oft]ic ov¢rall liabsliti¢% in ihc Fund. 13. 1 The amounts re¢o8rtised in thc bal&ncc shcct arc follow$'. 31,03.9025 31.03.2024 Pre.nl value of bellefiÉ obligalioll Realisable value of plar] a%seL (3,7Qll,000) 6.060,000 {4,476,(JOO} 6.046.0(K) Nel L*set 2.352,000 1,570.0(K) Page 15
Tht Leeds Societv for Deaf & Blind People (Registered nllmber: 00146281) Yfrtes to the FnIn¢la1 Slatements for the year ended 11 March 2n25 13. DF.F.F. RF.NF.FIT PW.PISION SCHEME continued 13.2 The amounts. recognised itt the %tatwncnl of finaTrcial activiti¢f are follow5.. 31.03.2025 31,03.2024 Curreni %ervs¢C C051 Pa%1 %ervice cost Interest cost Expected r¢tum on plan assets 13.000 ii.o(x) 209.(M)O 1286.000) 214.000 {268,(1001 Ner resources expLnded b¢lore other recogni8ed gains and10&5eS 164,1)00) 1718,000) j37.(M)O) (378.000 Net {r.red&ll {782,000) 14 15.000 13.3 Changes thc preseni value of the defthed bcnefii i)bligalion Are &5 folloiY5'. 31.03.2025 31.03.2024 OpeDing defmed benefit obligatio Service co%t Member contributions Jnterest Cost FJenLfit% paid Past scrvi¢e cost Acluarial (gains) 4,476,000 13.0(yJ 4,000 ?09,000 (240,0001 4.665.0(X) 17,000 i.000 214.(N)O 1246.000) (754,0001 (179,000} Closing defmed benetit obligaiion 3,708,000 4,476.1)00 13.4 Changes in the fair value of plan ak%ets ore as follows.. 31.03.?025 31.03.204 Op¢ninLb realjsable valu¢ ot-plan asL4 IxpeLtcd rctsrn ali plan asseis ActuaTial g8ins,'(lossL%} BenefiLS paid Ernployer GontrEbutio Member cottrributiort 6.046,000 286.000 136,000) (240,000) 5,820,000 199.(K)O {246,0001 4,000 5.000 Closing r¢ali.%able value of plaA aksets h.060.00 6.046.1K)O 13.5 Analysi¥ tsf realisable value of plan &ss¢is beiwe¢n assei caiegor¢es is as follo.. 31.03.20?5 31.03.2024 Equilles Gi)vernment bonds c.orpora bonds Property 4.¥lJO.UU 545,oorJ 242,000 170.000 158.000 139,00 4.8()V.uuu 514.tM)O 254.000 169.000 109.000 200,QOO C)ther Total 6,060,0(N) 6,046,0 Page 16
Tbe Leeds So¢itty for Defif & Blind People (Registered number: 00146281) otfs to the Fillanelal Slatemettts for the Ye&r F.Dd¢d 31 Ilareh 21125 13. DF.FtP4F.JI TIF.Tr4F.FTT PF.Tr4SVnN SCHF.MF tontined 13.6 Tbe actual return plan asseLS is as follows-. 31.03.2025 31.03.2024 Actual retUTn on plan a55ets 250.(K)O 467.000 13.7 A0t for the cwrent perÈod and previous period% a¥e as follows.. 31.03.2025 31.03.2024 Present value of ftsnded obligatsoN% Realisable alue of plan assets {3,708.000} 6,060,000 (4.476,000) 6.046,0(K> SurplU{derlcit) ?,352.0(Ml 1.570,0(K) 3.8 Prineipal actuarial a&5umptions 2t the balance %heet date (expressed as weighted averages).. 31.03.2025 31.03.2024 Di.4couni rate Rate of salary increase R4te of Èll(lalion Rate of pension increa%e Rte of pcrnEion ac¢ouTJts revalua*ion 5.yu/ 4.80 / 3.S5 /0 2.60 / 2.500/. 14. E,DoVmE¥r FL'N, DS Balane¢ l April 2024 lucorlling Re%ouTC Ouigoing Resources Bal&se 31 MarLh 2025 Pemianent Endowments: F W SPce Chaiity Fund 18.081 18,081 I"his represcnL4 a pemianent endowment M,hich must bc invcst¢d in trust for that charity. Income derived from the rel¢vani asselb is ai'ailable for the general PUTposes of the Sociery. Is. RESTTiICTED FLTr4DS Balance l Apnl 21124 lttcomttig RelirC.e. Outgoittg Balan¢c I l marc.h ?0?5 Re.%niJrc.r. W Fleath Trust Dcfib Garden Fund Groundworks UK Power lo Change Aciive Tye1 Cyrdllt Household Support Landsec CA 6,972 629 719 380 4.000 6.972 1,057 78 1.686 67fi 380 4.000 8J 10,000 5.000 10.000 2,000 4.917 2.000 12,700 18,135 16270 14.565 The W Heath Tru%t i¥ a lo¥tg? siandinL LFratit prol'ided for the Sociery to be used for a Video Relay Serviee. for deaf people. This lias used io li¢lp tnierpreiers. acceK% ¢licnL% remotely. rhe Garden Fund is fLir the ¢re3lion of a Sen%ory Gardtn. cre&ted for and designed by the cominunity as a safe and welcomin¥ outdoor Space to be abl¢ to panake in gardening aciivitie% and enjoy .socialising together in a peaceful and calming envimnmcnL Pag¢ 17
The Leeds Soriety for Deaf & Blind People (Re%i$tered number: 00146281)
Noles to ihe Flnaneial St•lements
for thÈ Year F4nded 31 Mi Arth 2O25
15. RF.STRicfED TrL,.ND%* {coAt)
'rhe Active Travel Grant is to support 3 se¢tor OTganisaiion% providir]g cycling or walking opportuniiies for
-Fhe LBnd5ec CAF grant 1% from Tr2nity Shopping Centre alld is unr¢stri¢ted providing they are infonned of its
use.
It is intended that all the abtsve lun