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2021-03-31-accounts


needs ofour families
Our 2020/21
lans		 Our 2020/21 achievements
To continue to review our models of We continue
to provide
'Outstanding'
services		 to
education
for all services to ensure that we		 children
with hearing loss and their		 families from all
use best practice in our teaching strategies across the South of England
(either on-site or		 via
and techniques Teams and Zoom as covid restrictions
allowed);
To build skills and knowledge
across		 our all children receive termly
individual		 education plans
team so that we can consistently
provide		 and parents are updated
regularly		 with achievements
accurate,
quantitative
and qualitative		 data and 'next-steps';
we are prepared		 for our next Ofsted
to evidence the impact of our work visit for accreditation.
To involve and engage parents and past We kept
in touch with all families		 during the full
service-users lockdown
periods, and we offered		 tele-therapy, parent
To partner
with professional
organisations		 education
sessions and other services where		 possible
to ensure
that families receive the highest		 on Zoom.
We provided
weekly activities and		 materials
level ofsupport for parents to support
their child's		 skill development at
home

Our 2020/21 lans continued continued Our 2020/21 achievements
continued
To strengthen our partnerships with key We laid the groundwork
for successful
I CAN
stakeholders who collate and publish accreditation
early
in 2021/22
evidence ofthe needs of children with Support groups are well attended
face-to-face
hearing loss, its long-term impact and the and through
virtual sessions and have received
difference that early intervention can achieve positive report of impact
To safeguard our beneficiaries and staff Some conferences
with other sector
through our embedded culture, processes, organisations
were cancelled
but others moved
protocols and reporting mechanisms online, and we attended
virtual sessions
Education
staff attended
training session on a
variety oftopics throughout
the year, with no
cost or minimal cost to the charity. Staff
attended
OU Early Years Courses
We also gave presentations
at NDCS training
days
TEFtook part
in two research studies
during
the year: we continued
to work with UCL on
their language
and literacy project; and we
attended
board meetings
ofthe parent-child
interaction
study.
We continue to work closely with National
Deaf
Children's
Society, Ewing Foundation,
Advanced
Bionics, Cochlear, and Auditory
Verbal UK - likeminded
charities
and
businesses
that are all working
towards
similar
goals of supporting
families
with deaf children
We reviewed
our Safeguarding
policy and
procedure
through
two independent
assessment
processes —Portsmouth
Compact
and Comic Relief
olic
audit

Goal 3:To div ersify ersify fun draisin g to de li ve r service s and maintain
our facilities
Our 2020/21 lans Our 2020/21 achievements
To develop and diversify The Elizabeth Expert volunteers
have been recruited
to assist
Foundation's portfolio of income with administration,
virtual and digital strategy
To raise awareness ofThe Elizabeth and development
work, but the scope for event-
Foundation both locally and nationally, based volunteering
has been constrained
by
developing new sponsorship plafforms and the pandemic
increasing our volunteer base. We kept up to date with latest fundraising
To build strong relationships with past, trends through
Facebook fundraisers
Page,
current and new supporters and grant making Third Sector publications,
Charity Commission
trusts
in order		 to maintain and widen interest guidance
and the Institute
of Fundraising
and support for our work. Preparations
for our fortieth anniversary
were
To develop professional networks and begun.
corporate engagement
to promote		 giving and Relationship-building
initiatives
have
included
volunteering by businesses and individuals. regular updates
to donors across the fundraising
Develop community engagement and spectrum
and where safe/possible
meeting. with
awareness in order to promote our work to a supporters
in our outdoor
areas
(adhering		 to
local audience, increase donations and social distancing
guidelines)
volunteering. We planned
activities and tasks for volunteers
Maintain & develop key relationships with in 2020-21 to maximise
their engagement
&
grant funders to raise awareness ofour efficiency and identify new volunteer
services,
channels		 contribute
to positive marketing
and secure income.		 opportunities.
In the absence oflarge-scale events,
many
supporters
took up the challenge of individual
fundraising
to great effect.
We participated
in face toface community
networks
through
the BNI and Linkedln Local—
generating
awareness
and new fundraising
partnerships.
We have delivered
presentations
on our work
across our supporter
base via zoom and teams.
Face-to-face fundraising,
most community
engagement,
and much ofour work to develop
relationships
with corporate
partners
had to be
put on hold due to covid. However,
a new video
was produced
with corporate sponsors
Lightning
Fire, who have generously
supported
us in a number ofways. Meanwhile
some local
networking
groups were suspended,
but others,
like BNI, have moved on line.
We developed
new events for our yearly
calendar
We fostered
relationships
with a number
of
corporate
partners
&their teams,
including
Lightning
and Fire and Engie
We were successful
again
in attracting
both
new and renewed
support from a range of
reputable
grant awarding
trusts
including
The
Edward
Gostiing
Foundation
&GJW Turner
Trust, and
in this most disrupted
ofyears we
are very grateful
also to have received
emergency
funding
from Comic Relief, BBC
Children
in Need, HIWCF, National
Lottery
Covid Response
and the Ovingdean
Hall
Foundation
amon
st others.

Goal 4:To re vi ew ew ew corp orat e s e rvices t o c re at e r esilience and build sustainable
income
Our 2020/21 lans Our 2020/21 achievements
To build up The Elizabeth Foundation's We reviewed
ever-changing
covid regulations
resilience and sustainability by continuing to and kept up-to-date
with evolving
best practice
follow a long-term approach
to financial		 to keep visitors and staff safe.
planning. We were fortunate
to be able to use income
To increase the diversity and reliability of our received from legacies and from a charity that
income streams
by developing
the potential		 had to cease operations
to add to the reserves
ofour existing assets. we hold
in case offuture shocks like covid.
To continue to keep pace with evolving We identified
suitable
marketing
channels
to
legislation & best practice concerning people reach potential
long-term
users
management, for both staff and volunteers. We reviewed
the volunteer
induction
To continue to improve the efficiency, programme,
completed
compliance checks
reliability, security and safety ofour corporate and sought feedback for the volunteer
services functions. programme
We assessed the impact ofvolunteers-
supporting
entries
in the annual
accounts and
Listen magazine
We reviewed
and actioned any additional
resources
needed for the volunteer
programme
We installed
a new file server, bringing
the
reliability
and security ofour network
up-to-
date
As the pandemic
unfolded
we were glad to		 be
able to provide temporary
accommodation		 for
a team of Community
Midwives
and informal
overflow
parking for people using the
nei
hbourin
vaccine hub.
Goal 5:Toengage a robust marketing plan both for services and for funding
Our 2020/21 lans Our 2020/21 achievements
To implement social media activities that We put one story from each nursery
out each
effectively engage families, professionals, week on social media and invited feedback
funders and the wider public to increase from families
& professionals
awareness and funding. We ensured
all events/
fundraising
are present
To review the purpose and effectiveness of on social media and that stakeholders
were
the website. kept up-to-date
with changing
information
due
To create video and photographic
materials		 to Covid 19
to promote the charity's activities (separate to We published
articles/
good news stories to
online Home Learning Programme). engage and fulfil multi-audience
requirements
across a broad range of social media sites
We were proud to announce
on our website
and on social media that England
rugby star
Jodie Ounsley
had agreed to become one of
our patrons
We assessed
opportunities
to diversify social
media activity including
professional
content
around
research studies,
& invested
in new
learning
for our team
We reviewed
analytics
of social media and
adjusted
our posts accordingly
A number of new case studies were developed
with parents
and made available
online.
We published
a Listen Magazine
and an Impact
Re ort durin
the financial
ear

2021 2020
Unrestricted Restricted Total Total
funcls funds funds funds
Notes E E 6 E
INCOME FROM
Donations
and legacies		 2 436,844 277,270 714,114 432,429
Charitable
activities
Nursery
Programmes		 13,283 26,934 40,217 41,572
Outreach
and Other Services		 152,118 152,118 170,159
Other trading
activities		 84,454 84,454 67,311
Investment
income		 11,942 11,942 9,886
Total 698,641 304,204 1,002,845 721,357
EXPENDITURE ON
Raising funds 6 129,746 10,803 140,549 159,162
Charitable
activities
Nursery
Programmes		 127,651 210,819 338,470 343,322
Family Support 5,740 3,112 8,852 18,257
Outreach
and Other Services		 151,687 112,900 264,587 237,319
Total 414„824 337,634 752,458 758,060
Net gains/(losses)
on		 investments 18,231 10,231 ~6,836)
NET INCOME/(EXPENDITURE) 302,048 (33,430) 268,618 (43,539)
Transfers
between funds		 20 4,018 ~4,010)
Net movement
in funds		 306,066 (37,448) 268,618 (43,539)
RECONCILIATION
OF FUNDS
Total funds brought forward 1,674,385 1,273,318 2,947,703 2,991,242
TOTAL FUNDS CARRIED FORWARD 1,980,451 1,235,870 3,216,321 2,947,703

2021 2020
Notes 8
FIXEDASSETS
Tangible assets 14 2,390,?99 2,460,252
Investments 15 350,084 96,853
2,740,883 2,557,105
CURRENT ASSETS
Stocks 16 4,689 3,526
Debtors 17 163,864 96,936
Cash at bank and in hand 436,313 399,049
604,866 499,511
CREDITORS
Amounts
falling due within one year		 18 (129,428) (108,913)
NET CURRENT ASSETS 475,438 390,598
TOTAL ASSETS LESSCURRENT
LIABILITIES 3,216,321 2,947,703
NET ASSETS 3,216,321 2,947,703
FUNDS 20
Unrestricted
funds		 1,980,451 1,674,385
Restricted funds 1,235,870 1,273,318
TOTAL FUNDS 3,216,321 2,947,703

Notes 2021
f		 2020
E
Cash flows from operating activities
Cash generated
from operations
23		 290,388 105,351
Net cash provided by operating
activities		 290,388 105,351
Cash flows from investing activities
Purchase
oftangible fixed assets		 (23,653) (21,580)
Purchase offixed asset investments (235,000) (73,000)
Interest received 2,116 3,108
Dividends
received		 3,413 1,027
Net cash used
in		 investing
activities		 (253,124) ~90,445)
Change
in cash		 and cash equivalents
in the reporting period 37,264 14,906
Cash and cash equivalents at the
beginning
ofthe		 reporting period 399,049 384,143
Cash and cash equivalents at the end
ofthe reporting period 436,313 399,049

2021 2020
E
Comic Relief 75,815
Coronavirus
Job Retention		 Scheme 51,566
BBCChildren
ln Need		 47,255 41,444
Garfield Weston Foundation 25,000
Communication
Consortium		 25,000
Global Make Some Noise 19,000
Ovingdean
Hall Foundation		 17,100 9,100
The Sobell Foundation 15,000 15,000
Generation
Foundation		 11,400
Barbara Ward Children's
Foundation		 10,000 10,000
GJW Turner Trust 10,000
Steel Charitable
Trust		 10,000
The National
Lottery Covid		 Response 10,000
The Henry Smith Charity 7,500 7,500
The Boltini Trust 6,000
Hampshire
& loW Community		 Foundation 5,263
The Webb Family Charitable Trust 5,000
The Edward
Gostling
Foundation		 5,000
Ecclesiastical
Insurance		 2,000 1,000
PF Charitable
Trust		 2,000
The Louis Ross Foundation 2,000
University
of Portsmouth		 1,600
The Fence Club Charity 1,500
The SirJames Roll Charitable Trust 1,000
David Solomon's
Charitable		 Trust 1,000
Emilienne
Charitable
Trust		 1,000 1,000
Other grants 2,300 5,091
The Leathersellers'
Company		 15,000
DM Thomas
Foundation
for		 Young People 10,084
Morrison's
Foundation		 10,000
Awards for All 9,482
Advanced
Bionics		 7,500
Didymus
CIO		 5,000
Santander
Foundation		 5,000
The Weinstock
Fund		 5,000
Clearwater
Marine Investments		 2,500
Hyperion
Foundation		 2,500
League of Friends ofSt Mary's Hospital 2,353
John Horniman's
Children's		 Trust 2,000
The Irving Memorial
Trust		 2,000
Wave 105 1,928
Lexis Nexis 1,607
EG & MG Hall Charitable
Trust		 1,000
Lord Mayor of Portsmouth Community Chest 1,000
Persimmon
Homes		 1,000
Victorious
Festival		 1,000
6376,299 f181,089

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
6 f E
Fundraising
events		 29,474 29,474 67,311
Fees for use of charity property 54,980 54,980
84,454 84,454 67,311
INVESTMENT INCOME
2021 2020
Unrestricted Restricted Total Total
funds
E		 funds
6		 funds
f		 funds
F
Solar panels 6,413 6,413 5,751
Fixed asset investments 3,413 3,413 1,027
Deposit account interest 2,116 2,116 3,108
11,942 11,942 9,886
INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity E E
Session charges Nursery Programmes 40,217 41,572
Audiology Outreach and Other Services 152,358 151,701
Home learning &
consultancy Outreach and Other Services (240) 10,358
Other charitable activities Outreach and Other Services 8,100
192,335 211,731
RAISING FUNDS
Raising donations and legacies
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
E 6 E
Staff costs 88,322 88,322 93,700
Insurance 2,248 2,248 2,294
Premises
&utilities		 2,088 516 2,604 2,871
Communications & IT 3,637 666 4,303 933
Service consumables 122 3,405 3,527 3,025
Printing
& promotion		 4,360 4,360 5,951
Other costs 983 567 1,550 1,444
Hire charges
&		 event costs 13,345 13,345 22,281
Carried forward 112,857 7,402 120,259 132,499

Raising dona tio ns
and legacies - c		 ontinued
2021 2020
Unrestricted Restricted Total Total
funds
f		 funds
f		 funds funds
8
Brought forward 112,857 7,402 120,259 132,499
Recruitment, ID checks, travel and
subsistence (384) (384) 2,947
Depreciation 1,092 1,996 3,088 3,122
Supportcosts 16,181 1,405 17,586 20,594
129,746 10,803 140,549 159,162
CHARI'TABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
E 5
Nursery
Programmes		 294,904 43,566 338,470
Family Support 8,101 751 8,852
Outreach
and		 Other Services 238,067 26,520 264,587
541,072 70,837 611,909
DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
E 5
Staff costs 340,820 326,429
Insurance 10,077 9,451
Premises
&utilities		 61,645 68,002
Communications & IT 3,994 3,876
Service consumables 23,149 15,084
Printing
& promotion		 4,695 5,552
Other costs 13,915 11,819
Recruitment, ID checks, travel and subsistence 734 2,221
Depreciation 82,043 81,393
541,072 523,827

Other
E
Raising donations and legacies 17,586
Nursery Programmes 43,566
Family Support 751
Outreach and Other Services 26,520
88,423
Support costs , i nclude d in the above, are as follo ws:
Raising
donations
and Nursery Family
legacies Programmes Support
F 6 F
Wages 11,864 27,333 463
Premises
&utilities		 181 1,812 37
Communications & IT 2,196 5,060 86
Legal & professional fees 154 355 6
Auditor's
remuneration		 1,406 3,239 55
Bank charges 429 989 17
Recruitment, ID checks, travel and
subsistence 47 108
Depreciation of tangible fixed assets 1,309 4,670 87
17,586 43,566 751
2021 2020
Outreach
and Other Total Total
Services activities activities
E 6 F
Wages 17„985 57,645 56,588
Premises
& utilities		 211 2,241 2,518
Communications & IT 3„329 10,671 16,766
Legal & professional fees 233 748 3,076
Auditor's
remuneration		 2,131 6,831 6,630
Bank charges 651 2,086 2,342
Recruitment, ID checks, travel and
subsistence 71 226 2,562
Depreciation of tangible fixed assets 1,909 7,975 5,183
26,520 88,423 95,665

Net inco me/(e xpenditure)
is stated after charging/(cred		 iting):
2021 2020
6 F
Depreciation - owned assets 93,106 89,698
Auditors' remuneration 6,830 6,630

STAFF CO STS
2021 2020
Staffcosts:
Wages and salaries 417,592 417,018
Social security costs 30,455 25,487
Pension
contributions		 35,512 34,211
Termination payments 3,228
486,787 476,716
The avera ge
monthly
number
ofemployees
durin		 g the year was as follows:
2021 2020
Raising funds 2 3
Charitable activities 16 16
Support 2 2
20 21

13. COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds
f		 funds
f		 funds
f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 280,584 151,845 432,429
Charitable
activities
Nursery
Programmes		 21,927 19,645 41,572
Outreach
and Other Services		 170,159 170,159
Other trading
activities		 67,311 67,311
Investment
income		 9,886 9,886
Total 549,867 171,490 721,357
EXPENDITURE ON
Raising funds 157,112 2,050 159,162
Charitable
activities
Nursery
Programmes		 147,058 196,264 343,322
Family Support 16,931 1,326 18,257
Outreach
and Other Services		 194,696 42,623 237,319
Total 515,797 242,263 758,060
Net gains/(losses)
on investments		 ~6,836) ~6.836)
NET INCOME/(EXPENDITURE) 27,234 (70,773) (43,539)
Transfers
between funds		 3,904 ~3.904)
Net movement
in funds		 31,138 (74,677) (43,539)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 1,643,247 1,347,995 2,991,242
TOTAL FUNDS CARRIED FORWARD 1,674,385 1,273,318 2,947,703

TANGIBLE FIXEDASSE TS
Leasehold
property School Fixtures,
Portsmouth and fittings
Resource medical 8 office Motor
Centres
6		 equipment
f		 equipment
6		 vehicles Totals
E
COST
At 1 April 2020
Additions
Disposals		 3,397,979 230,366
11,675		 157,142
11,978
~0,000)		 19,248 3,804,735
23,653
~),000)
At 31 March 2021 3,397,979 242,041 168,040 19,248 3,827,308
DEPRECIATION
At 1 April 2020 995,728 198,718 130,789 19,248 1,344,483
Charge for year
Eliminated
on disposal		 75,890 11,900 5,316
~0,000)		 93,106
~),000)
At 31 March 2021 1,071,618 210,618 135,025 19,248 1,436,509
NET BOOK VALUE
At 31 March 2021 2,326,361 31,423 33,015 2,390,799
At 31 March 2020 2,402,251 31,648 26,353 2,460,252

FIXEDASSET INVESTMENTS
Unlisted
investments
6
MARKET VALUE
At 1 April 2020 96,853
Additions 235,000
Revaluations 18,231
At 31 March 2021 350,084
NET BOOK VALUE
At 31 March 2021 350,084
At 31 March 2020 96,853

16. STOCKS
2021 2020
F
Goods for resale 2,257 1,457
Stationery
and office consumables		 2,432 2,069
4,689 3,526
17. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
6 5
28,636 4,311
135,228 92,625
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
6 f
Trade creditors 12,825 8,080
Social security and other taxes 34,031 10,718
Other creditors 850 850
Accruals 41,105 27,889
Deferred income 40,617 61,376
129,428 108,913
yet met t he recogn ition
criteria.
Deferred income at 1 April 2020 61,376
Amounts released from deferred income (36,376)
Amounts deferred this year 15,617
Deferred income at 31 March 2021 40,617

19. ANALYSIS OF NET AS SETS BE TWE EN FUNDS
2021 2020
Unrestricted Restricted Total Total
funds
f		 funds
f		 funds
f		 funds
F
Fixed assets 1,174,316 1,216,483 2,390,799 2,460,252
Investments 350,084 350,084 96,853
Current assets
Current
liabilities		 585,479
~729,420)		 19,387 604,866
~729,428)		 499,511
~700.913)
1,980,451 1,235,870 3,216,321 2,947,703
20. MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
f F
Unrestricted
funds
General
fund		 1,674,385 302,048 4,018 1,980,451
Restricted funds
National
Lottery		 Charities Board
Reserve 122,244 (4,611) 117,633
Grants
&Fees		 Reserve 12,812 10,593 (4,018) 19,387
Ovingdean
Fixed Assets Reserve
Portsmouth
Resource Centres Reserve		 354,533
783,729		 (14,307)
~25705)		 340,226
758,624
1,273,310 ~33,430) ~4,070 1,235,070
TOTAL FUNDS 2,947,703 268,618 3,216,321
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
f
Unrestricted
funds
General fund 698,641 (414,824) 18,231 302,048
Restricted funds
National
Lottery		 Charities Board
Reserve (4,611) (4,611)
Grants
&Fees		 Reserve 304,204 (293,611) 10,593
Ovingdean
Fixed Assets Reserve
Portsmouth
Resource Centres Reserve		 (14,307)
~25,100)		 (14,307)
~25,7 05)
304,204 ~337,034) ~33,430)
TOTAL FUNDS 1,002,845 ~752,458) 18,231 268,618

Comparatives
for move		 me nt
in fun		 ds
Net Transfers
movement between At
At 1.4.19
f		 in funds funds
f		 31.3.20
f
Unrestricted
funds
General fund 1,643,247 27,234 3,904 1,674,385
Restricted funds
National
Lottery Charities		 Board
Reserve 126,855 (4,611) 122,244
Grants
&Fees Reserve		 42,796 (26,080) (3,904) 12,812
Ovingdean
Fixed Assets Reserve
Portsmouth
Resource Centres Reserve		 368,840
809,504		 (14,307)
~25,775)		 354,533
783,729
1,347,995 ~70,773) ~3,904) 1,273318
TOTAL FUNDS 2,991,242 ~43,539) 2,947,703
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources
f.		 expended
f		 losses
f		 in funds
F
Unrestricted
funds
General
fund		 549,867 (515,797) (6,836) 27,234
Restricted funds
National
Lottery Charities		 Board
Reserve (4,611) (4,611)
Grants
&Fees Reserve		 171,490 (197,570) (26,080)
Ovingdean
Fixed Assets		 Reserve (14,307) (14,307)
Portsmouth
Resource Centres Reserve		 ~25,775) ~25,775)
171,490 (242,263) ~70,773)
TOTAL FUNDS 721,357 (758,060) ~6,836) $43,539)

ye ar and at 31 March 2021 the commitments
unde		 r the lease are as follows:
2021 2020
6 E
In less than one year 9,000 8,000
In two to five years 42,000 40,500
In more than five years 629,125 639,625
680,125 688,125
le
ases for office equipment
as follows:
2021 2020
E F
In less than one year 252 252
In two to five years 1,898 1,786
In more than five years
2,150 2,038

RECONCILIATION

ACTIVITIES		 OF NE T INCOME/(EXPE NDITURE)
TO NET CAS		 H FLOW FROM
O		 PERATING
2021
f		 2020
6
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 268,618 (43,539)
Adjustments
for:
Depreciation
charges		 93,106 89,698
(Gain)/losses
on investments		 (18,231) 6,836
Interest received (2,116) (3,108)
Dividends
received		 (3,413) (1,027)
(Increase)/decrease in stocks (1,163) 1,488
(Increase)/decrease in debtors (66,928) 9,346
Increase
in creditors		 20,515 45,657
Net cash provided by operations 290,388 105,351

Net cash
Cash at bank and in hand

At 1.4.20 Cash flow At 31.3.21
E f
399,049 37,264 436,313
399,049 37,264 436,313