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 Dodg￿0￿ 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 Leeed. 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 aCh1￿C 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 tr￿ted 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. Celebrni￿g su¢ce5se% and respectinE all. Struc￿re, Covern8n¢e & ￿la￿ageMent 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 ge￿￿ory l(trss, eAsuriag goiern8n¢e rellects and wresenls the community thc S{￿iety s¢rV￿. Finance a￿d 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$ & Ae*iviti¢$ Introduction The l*eds Socielv for Deaf and Blind People (the Suciely) vi.%ion is to cnable Deaf. Blind and Dca*blind 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. repre￿t￿El￿n 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 corn￿untty 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 I￿ngUage 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. ACCe￿51b1e 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 fTn the pension provider and haN'e no re&50n to believe the a￿￿UmptionS made in the valuation are unrealisiic in the circumstances. Further details regarding the accoulltiu¥ riÈ+k5 Itnked to asyumptions is shown in nok 13. I￿VeStment Pollcy In order to ￿AintaI￿ Ili¢ V4IluL uf it% Ihy Trusirvs l&ik¢ ckbmker, currently Red￿a￿e BeIiiley, dnd inve4t 4ome of the s￿le(Y,$ resetves iTh a balanced portt.olio of wuitie¥ and c&%h which is profe&sioJ)ally managed to givc appropriate r¢￿En5 for IOFV level risk. Imveslmenl do not nefj¢55UTily take into account social. ¢nvinTrnmental or ethical considerations. Achievements and performance Aehiei'emeDls ibls >"ear 2024-25 Sustained alsd F.nhanced NFIS CoE)traLI. We successtully reLiined ond .%iitngthcned contracts with Leeds Teaching Flospitals liHS 'fru8t, Leeds Cotnmunsty He<hcare Trust: and l.eed¥ and York Pay￿erShip NHS Foundation Trnsi for the pro&Esion o( British Si¥n Language (BSLI Int¢rpEei¢rs and deaftillnd Commurticaior tiuide4. These corttracis ensure that people with sen50ry loss have equal acce)% io healihcare appointment4, infomation. and Tlledical support. Accessible CotRmuTaication Service We have incrL 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¢I￿allon, g￿la]S￿l￿￿￿, 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)nUn￿nicall0n.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 ￿up￿rt from the deaf com]nunÈry, with many It￿11.tdua1$ regularly assistin¥ with ev¢nts, groups, and Society act5Tr7tÈcs. Health and Saf¢ Mil&%tone WK buiL¥>bfull}' m¢1 iatgti io purchase a Defibrilla￿1. now locaied In ihe off￿e. 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 dI￿tIon 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"$￿la] Hub" concepL creating an inclusive environnient where sensory-impaired people Lonnect and interact. Incre&%e inLome froni Irusis and organi%ation% lo cnablc thc delivcry nfnew and imprtbi'ed %ervices. Provide ong)oing l¥aIn￿LI and deN'¢lopmeni OPPOflunilie% for both statT and Trustees we are up-to-datr wilh Sateguurding and new Icgi.%lation. Sirengthen our w%iiion a% the 'gJtrio- orgalli5ation for people w'ith sensory 105s in Leeds. Reduce isolalion and lonclincks by oftciing nioTe (yporwniiies for sockil connebtion and engagemeni. Expand the prnvi8iiJn of B%L classes to mee( growiag ¥omm¥niiy dem4md. Market our seryiceb etfecrively 10 enc(Trurage b￿SineSseS io make their pla¢e$ of worf( more aware of the nee 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 e￿pOWer %ensory- impaircd indiN'iduals. proTnOt¢ inclusion, and strengthcn cotRTllunEty cr*gageine.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 S￿leMenL% 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 ￿atisf￿Cd 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 expendi￿re 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 $th￿￿entS- 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 f￿ancial of tbe ctjarity and that enablc thcrn to eTrsur¢ that the rtrta*cial 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 pre￿ration of the aLLounis. The chaiiiy's trustees ¢ou¥tder ihai d￿dit 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 ACcou￿lants. Hal'ing been sati.%fied thttl thc charity is noi subjeci w an audii under conip*Eny 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 frLs ML rea%onal)le cause 10 believe that. in aRy ]naterial r¢spect. the requirements.. to keep re¢ords in accordance with $386 orth¢ Compani¢s Act 7006: aDd t() prepa¥e accounlf which acc4)rd with the accounting iecord5 and io cornply with the accou111￿ng TequiremenL8 01 the Companies Act ?OOA aT]d al￿0 to prcparo accounts it) accordance wilh Ilie C.harstio.% SORP IfR£ 1021 and wlth the methods and prillciple% ￿et out in chan.iies SORP (FRS 102). have lloi been n)et' or to which. in my opinion, atteiitinn tht>uld be. drawn in order io enable a proper tinder5t2nding of the actounts. to be T¢a¢hcd. 121 Andrew ￿lilkIn￿on FCA foy #nd ott behalf of Kfal¢olm J(Ine$ & Co Lirnited Accountants and Busijkess Advisors West Hill Flouse Allerton Ilill Chapel Allerton LS7 3QB Dated.. 13 November 2025 Pagc 7 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 I￿aLl￿> 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￿.trn3￿Cc 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 Inco￿1119110utgo￿} 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 No￿S 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 nit￿berS h8N'e rcquired the companv io thbiain an aL￿1t 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 r￿pOnsI?)It1ty for complying witb the requirements of the A¢t with ￿sPeCt to accoulltang record5 and tor the preparation of act¢￿￿t¥. These f￿anLial %tatements hai'e betn prtp&red tn avLensLon 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 SociL*I}. 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$ trus*es 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 CO￿panY 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$8 w£th no ￿tting off of c(￿￿ orexpellses. R¢sourets Expended All expcndirnrc 1% accounted for on an aLcrual% basi.% and has becn classilied under heading8 thai aggr£'¥aie all C￿l￿ related to specific #ctivttieh or ea*¥ori¢s. Costs of ¢haTEt*bl¢ aCtI￿1¢i¢l comprise Jll expeRdiiY￿ dir¢¢ily relaling to the objecLs of the ¢har*ty' including cosis incurred in supporting charitable aciivities and projecis. Governanc¢ ¢osLs ¢ompri4e co¥t¥ incuned in Lonnection with the athnini%tia*itsn of the charity and ¢omplixnLc ith ¥onstitutional and 5thtulory requ￿¢1￿C￿ts. Il'here appropriate. c051b are apportioned between ¢t￿n"table actii'ities at)d goveman¢L' eX￿d1(Ure bv the tnL4ee¥ on d re&%onable and Lonsisient bd41S. Page 10 Tlie Leeds Society for Dellf & Blind People IReEl8ttred number: 0111462811 r¥otes to the Fitt#neial St21erllenls for the Year Emded 31 March 21125 ACCOUY'I'ING POLICIES (eontinlled) Operating Leases KttiialN paid under opeEatiEL¥ le￿1> are charged to the profit 8nd lo&$ account on & &tTaighs line basis ovtt Ihe perEod of the Ic&se. Tangibl¢ Fixed Assets Tangible flxed assets are capitalised at C￿*t 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. F￿nanci￿ 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 valu1￿8 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 Ir*VESTh1E￿'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 ba￿k and building swiety 1,869 1.450 1.869 1.450 2.563 1.497 542 542 1.063 3.861 5.123 IiycoNiif*G RESOURCES FROMI CHAtUl'ABLL ACI'IVI"I'IES UkuesirtLted Funrt 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 ExpLf*DED Stttff D¢pr¢ciarion c¢￿ & Fixjlles Re￿￿tlUati()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.?0*4 •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 s￿Iety for Deaf& Blind Peopl¢ (Registered number: 00146281) Notes io tbt Flnancial stAteMe￿ts 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 Insur￿ce 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 Dispo￿1 56,418 2,523 56.418 2.523 At 31 March 2025 58,941 -$8.941 ET BOOK VALLT: Ai 31 March 2025 705,807 585 706.392 At J l m￿ch 2024 705,807 2,412 708.219 Page 13 The Leeds Socle(!' for Deaf & Blind People (Registered Dllmber: 001462811 L%ote$ 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: AMObY*TS 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￿ soLi*l.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 I￿nfr￿ts 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 Inv￿tment 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￿ a￿Ullied 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 inVeS￿d 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% gho￿1 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 occounti￿g 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 prO￿rtIOn 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 y*elds 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 ex￿nI 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 expcctatl0￿s will lead io a higher liability value. The ass¢ts are noz wfectly cOrrela￿d 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 t￿cUl1L5IancC￿ 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 F￿nIn¢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 31.03.20*4 Op¢ninLb realjsable valu¢ ot-plan as*L4 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 tontin￿ed 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 A￿0￿￿t￿ 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 R￿te of pcrnEion ac¢ouTJts revalua*ion 5.yu￿/ 4.80 / 3.S5 /0 2.60 / 2.500/. 14. E￿,Do￿VmE¥r FL'N, DS Balane¢ l April 2024 lucorlling Re%ouTC Ouigoing Resources Bal&s￿e 31 MarLh 2025 Pemianent Endowments: F W SP￿ce 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 Re￿lirC.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 T￿ye1 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 lunidered io be related parties. No tnLStee expenses have been inLurred durtttg the yvdr (2024- £nÈl). Pag¢ 18