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2022-03-31-accounts

Annual report 2021–22 Doing more, reaching further

Contents

Annual report 2021–22 .......................1 Doing more, reaching further ............1 1. Welcome .........................................1 2. Public benefit ................................2 Fundraising ..................................... 2 3. Who are we? ..................................3 4. What we do......................................4 5. Doing more… .................................5 ...for our members .......................... 5 ...for the deafblind community ........ 8 Reaching further ............................ 10 6. What next? ................................... 12 7. Structure, Governance and Management ..................................... 13 Legal status and Group .................. 13 Statement of Trustees responsibilities 14 Statement of disclosure to auditor .. 15 How we are managed .................... 15 Finance Group ................................ 15 Management team.......................... 15 Director recruitment, induction and training ..................................... 15 Risk Management .......................... 16

8. Financial Review.........................17 Reserves Policy .............................. 19 Investment Policy ............................ 19 Independent Auditor’s Report . 20 Statement of Financial Activities 2021–22 ...................................... 24 Deafblind UK Group balance sheet 2021–22 ...................................... 25 Group Cash flow 2021–22 ........ 27 Analysis of changes in debt .... 28 Charity information ......................... 29 Basis of accounting ........................ 29 Basis of consolidation ..................... 29 Going concern ................................ 30 Fixed assets .................................... 30 Depreciation ................................... 30 Impairment of fixed assets .............. 31 Investment Accounting Policy ......... 31 Stocks ............................................. 31 Operating lease agreements .......... 31 Pension costs ................................. 32 Funds .............................................. 32 Income ............................................ 32 Income from trading activities...........32 Investment income ......................... 32 Income from charitable activities .... 32 Expenditure and irrecoverable VAT 32

Financial instruments ...................... 33 Debtors ........................................... 33 Cash ............................................... 33 Creditors ......................................... 33 Taxation .......................................... 33 Employee benefits .......................... 33 Retirement benefits ........................ 33 Critical accounting estimates and areas of judgement ................................... 33 Critical accounting estimates and assumptions ................................... 33 Notes to the Accounts ......................34 1. Income from grants and trusts 2021–22 ...................................... 35 Income from grants and trusts 2020–21 ...................................... 35 2. Investment income ............... 36 3. Income from charitable activities ..................................... 36 4. Income from subsidiary’s trading activities ..................................... 37 5. Fundraising costs ................. 38 6. Charitable activities .............. 39 7. Staff costs .............................. 40 8. Net income/(expenditure) ..... 41 9. Tangible fixed assets ............ 42 10. Investments ......................... 44

11. Debtors ................................. 45 12. Creditors .............................. 46 13. Restricted Funds 2021–2022 .................................. 47 13. Restricted Funds 2020–2021 .................................. 48 14. Unrestricted funds 2021–22 ...................................... 50 15. Analysis of net assets 2021–22 ........................................52 Analysis of net assets 2020–21 ...................................... 53 16. Financial instruments ......... 54 18. Company limited by guarantee..................................... 54 19. Pensions .............................. 55 20. Contingent Asset ................ 55 21. Contingent liability .............. 55 22. Comparative consolidated statement of financial activities by fund ....................................... 56 23. Comparative analysis of charitable activities (Note 6) .... 57

Page 3

~~1. Welcome~~

As we start to put the pandemic behind us, we find ourselves once again shaping our future. This year, we took time to review what our members want from us in this new post-pandemic world. Covid has changed so much for our members, but it has also provided so many new opportunities, new ways of working and new aspirations.

We continue to make every effort to raise awareness of deafblindness and of Deafblind UK. As a result, we now support more people who have differing support requirements. So, we continue to adapt to meet our members’ needs. We are continuously doing more and reaching further.

Steve Conway, CEO Robert Nolan, Chair

----- Start of picture text -----
“I admire the work
and spirit of Deafblind
UK and I would like to
express my sincere
thanks for the help
you have given me.”
----- End of picture text -----

Page 1

~~2. Public beneft~~

In setting activities and objectives each year, the Directors refer to the Charity Commission’s general guidance on public benefit. The Directors always ensure that the activities, services or programmes undertaken are in line with the charitable objects and aims of the organisation.

~~Fundraising~~

Deafblind UK complies with the Code of Fundraising Practice and we are registered with the Fundraising Regulator. We have also volunteered to be part of the Fundraising Preference Service, through which when requested, we removed one individual’s details in this reporting period. The vast majority of our activity to reach new donors and supporters is undertaken by our fundraising team who have significant understanding of our service delivery.

Where we have worked with an external organisation, we ensure they are registered with the relevant bodies and we conduct appropriate due diligence prior to contract commencement. In addition to a new fundraising strategy, our focus is to develop procedures

to enable our staff, volunteers and suppliers to carry out fundraising activity aligned with our policy and current UK regulations.

Deafblind UK did not receive any complaints in relation to fundraising activities in 2022 – 23. As a charity that works directly with people in vulnerable circumstances, it is a fundamental value that no donation is sought from someone who may not have the capacity to make an informed and considered decision. We are fully compliant with the latest General Data Protection Regulations (GDPR) ensuring that all communications are only sent to the right people.

Page 2

~~3. Who are we?~~

We are Deafblind UK.

We support people who have any level of combined sight and hearing loss, and those around them, to live with their condition and to build their confidence and independence.

76% of our members said that Deafblind UK had a positive effect on their wellbeing.

We offer understanding and advice as well as practical support, residential support, care and social opportunities.

Deafblindness affects everyone in different ways. Some people might have mild sight and hearing loss whereas others can’t see or hear anything.

It can be isolating and lonely and can lead to mental health issues – but it’s far more common than many people realise. Around 400,000 people are affected by sight and hearing loss in the UK.

----- Start of picture text -----
“Deafblind UK is a
great organisation, you
were the only ones
that were bothered and
kept going through the
pandemic, which I am
extremely grateful for.
You make the difference
between giving up
and not giving up”
----- End of picture text -----

Page 3

~~4. What do we do?~~

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~~5. Doing more…~~

Our members are incredible people; resilient, patient, and adaptive. We are here to help them in every walk of life, however they want to be helped.

~~For our members~~

We have adapted, expanded and increased our services. Our support for people who are deafblind is bigger, and more tailored than ever before.

The launch of our unique counselling service has been a lifeline to so many of our members. Our professional counsellors have supported 78 members through this service (please note this service was not offered for the full year).

“Don’t talk about us, without us.”

A recent member survey told us that our members struggle with technology, loneliness, and communication. They have asked us for more social opportunities including face to face gatherings, more wellbeing contact from us and more awareness.

----- Start of picture text -----
“
It’s a fight to exist
these days... I’m
forgotten about and
pushed into a corner.”
----- End of picture text -----

Page 5

“I don’t feel alone with you being here with me. Its lovely knowing that there is someone who is not going to walk away and leave me.”

We know how important our members’ support networks are to them, so we launched a new service, ‘For Carers’ to give carers a safe and welcoming space to catch a break, socialise and talk about how they are feeling.

“It was brilliant to talk to someone outside my situation and just have them as a sounding board to help process what I was going through. I am very grateful for this support and know it is there if ever I need it again. I encourage other carers to sign up and use the service as a safety net for when times get tough.”

“I love my husband but speaking with Amy gives me the break from caring and I can be myself and talk about everything with a lovely young lady who is marvellous.”

Other services have been adapted and developed to meet the changing needs of our members. Whilst our virtual social groups remain extremely popular, we have re-opened some of our physical social groups, providing a welcome social opportunity to those who want it.

Our helpline has been busier than ever, taking 5,178 contacts throughout the year. We have welcomed new helpline staff to the team to meet demand, and ensure that members are not kept waiting for too long.

“I wish I could use some words to explain how much your calls mean to me.”

A new webinar programme has proved extremely popular, providing further learning opportunities for our members, and opportunities to build relationships with other organisations. Webinars give members the chance to learn about new technology and to hear from some of our trusted partners such as VisionAid, Oxsight, NeateBox and Optelec.

Page 6

----- Start of picture text -----
“It is just lovely knowing
that someone is there,
so thank you… I have
found it difficult at times
but your messages
make you feel you
are not alone.”
----- End of picture text -----

Of course, none of this would be possible without our loyal army of 301 volunteers who give their time and energy towards achieving our vision. It is fantastic to see that so many of the volunteers who joined us through lockdown – often due to being furloughed or made redundant – have stayed with us, and for that we are truly grateful.

“I have been a telephone befriender to Valerie for almost two years now so have been there throughout her pandemic journey – a very unique relationship to have, particularly for this period of time too. I have seen how far she has come: from shielding and feeling frightened, to slowly reintegrating back into society again doing the things she used to enjoy, all whilst taking precautions to protect her health. Valerie therefore places great value on this time together each week and it’s a privilege to be able to deliver this service through Deafblind UK. When we reached one year of having started the calls, I suggested she get herself a nice cake as a treat and I’d do the same so she could feel like we were having a tea party to celebrate. We reach two years in May and will do the same again.”

Page 7

~~Doing more… for the deafblind community~~

On 7 October 2021, Deafblind UK hosted the UK’s first virtual deafblind convention. Over 700 people joined the event, from as far away as Australia and Canada. It was a foundation on which we demonstrated our expertise and positioned ourselves as a catalyst for learning and growth within the deafblind sector.

“It was brilliant, such inspirational stories, speakers were so useful and I really enjoyed it, thank you Deafblind UK – looking forward to the next one!”

In August 2021 we launched a new website, to provide information seekers with a more intuitive experience. The new site provides easy access to information for members, professionals, carers and supporters. It particularly serves those people who may be at the start of their journey, who want to research sight and hearing loss themselves, who don’t want to contact a helpline. We will continue to develop the site into a hub of information to serve the wider deafblind community.

In March 2022, we were the first charity in the UK to add ‘Signly’ software to the website, giving visitors the information on each page in British Sign Language (BSL).

We continue our involvement in international research projects, in particular the Tactile Transitions project, which investigates how people living with deafblindness use all of their tactile senses to support themselves for communication and other information gathering. We are exploring what this means for individuals, for professionals and for the wider academic understanding of Deafblindness.

We continue to create and maintain strong partnerships with other organisations and we believe that this is key to us expanding our reach and increasing awareness of deafblindness.

Page 8

Sustainability

We have worked hard to create a sustainable organisation, which will continue to support our members for years to come. This year we are proud to have achieved a surplus, giving the organisation financial security on which to expand and develop.

This has been largely due to staff continuing to work from home and we have successfully implemented a postpandemic flexible working structure which suits everyone. This has contributed to a significant increase in employee satisfaction demonstrated in the most recent staff survey in August 2021.

Over 80% of employees surveyed stated that Deafblind UK was a good place to work. This was an increase of 40% compared to the 2019 survey.

Our working practices have evolved during the pandemic and as we look forward, the expectation is that technology will be further utilised and lead to a reduction of 60,000 business miles for the next financial year. This equates to a reduction in CO2 emissions of 10 tonnes. This is in addition to the 20 tonnes of CO2 that has already been saved with the move to majority home working.

We have reduced our carbon emissions by 20 tonnes by working from home.

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~~Reaching further~~

Raising awareness is a key point in our five-year strategy. We know that our ability to tell our story to the right people is imperative to supporting more people. The more people who know and understand deafblindness, the more people we can help.

In Deafblind Awareness Week at the end of June, we launched a campaign called ‘tell one person’ where we encouraged engaged stakeholders to tell someone else about deafblindness. Social media coverage for the week reached 2.2 million people and we had 200 more helpline enquiries than usual.

In December 2021, we opened a second Deafblind UK charity shop near Peterborough. Not only has this increased our income, but also increases our brand awareness amongst its loyal customer base.

February 2021 saw the launch of our EDI (Equality, Diversity and Inclusion) project, an initiative driven by research that shows people from black and Asian backgrounds are more likely to experience deafblindness. We are engaging with key influencers from these communities to understand what barriers people are facing and to help them overcome them.

This year we reached further with 66 pieces of press coverage.

Page 10

This year, we reached further than ever before through social media, with a reach of 523,828 people.

We firmly believe that one of the best ways to raise awareness is to educate others about the condition. This year, we developed our schools awareness project (which will launch in April 2022) and we are represented on the board of the Deafblind International Acquired Deafblindness network.

We were extremely proud to have facilitated the launch of two Deafblind Studies courses with Birmingham City University. These two unique courses will change the future for deafblindness, creating a new generation of specialists who can continue to understand the condition and to help people in so many more ways.

This year, we reached further than ever before with 206 awareness talks.

Page 11

~~6. What next?~~

This year we have done more and reached further than ever before. We intend to continue the momentum that this year has enabled us to build. Next year we intend to reach new audiences. We will promote equal access to education through our schools awareness project and support our partner Usher Kids at their summer camp. We intend to help working age people to access employment, and we will continue our work with ethnic communities. The future is bright!

----- Start of picture text -----
“I don’t want to be
lonely again.”
----- End of picture text -----

Page 12

~~7. Structure, Governance and Management~~

Legal status and Group

Deafblind UK is a registered charity (Registration No. 802976) and company limited by guarantee and is governed by its Articles of Association. It was founded in 1928 by deafblind people and their carers.

Deafblind UK’s Board of Trustees (herein called Directors) have established a group of organisations to support the work of Deafblind UK. These comprise Deafblind UK Trading Limited (Company No. 5082057), About Me Care and Support Limited (Company No. 7945990).

----- Start of picture text -----
72%
of members rated
Open Hand as either
good or excellent
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Page 13

Statement of Trustees responsibilities

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the group and of the incoming resources and application of resources of the charity and the group for that period. In preparing these financial statements, the Trustees are required to:

financial statements; and subject to any material departures disclosed and explained in the financial statements ■Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and applicable accounting regulations. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

----- Start of picture text -----
“Small shoots of
confidence have been
growing over the time
we have talked… some
of that old me has
started to come out.”
----- End of picture text -----

Page 14

Statement of disclosure to auditor

How we are managed

The governing body of the Charity is the Board of Trustees. The Board meets quarterly and is supported by the finance sub-group who regularly report back to the Board. Decisions are taken within our quarterly Board meetings with additionally scrutiny provided by the finance group, our AGM and through other regular contact with directors where required.

Finance Group

The Finance Committee was removed from the formal governance structure but the Chairman, Treasurer, CEO and Director of Finance continue to meet to review significant financial proposals such as large capital expenditure decisions and the budget before seeking full Board approval.

Management team

The day to day management of Deafblind UK is delegated to the Chief Executive and Executive Management Team comprising: Director of Finance and Deputy Chief Executive; Director of Operations; Director of Fundraising and Marketing. The Chief Executive meets regularly with the Chair and the full board to review progress and address any specific operational issues.

Director recruitment, induction and training

We are committed to ensuring the Board comprises a mix of directors who are deafblind and those who are sighted hearing.

organisation and are elected by voting members. The Board is kept up to date with any major changes in the Charities Act and Charity Commission guidance and best practice. Directors do not receive a salary but may claim out of pocket expenses for attending meetings.

All new Directors follow an agreed robust and detailed Trustee Induction Programme to ensure they fully understand their responsibilities as Trustees.

89% of members rated their experience of our services as good or excellent.

The Directors are responsible for the strategic direction and policy of the

Page 15

Risk Management

The Trustees have a risk management strategy which comprises:

The primary risk facing the charity is the significant increase to the cost of living. With the likelihood that inflation will rise to over 10% in 2022, this will place substantial pressure on the cost base

of the charity. Increased monitoring and continuous review of all budgeted expenditure has been undertaken to attempt to mitigate this risk.

Attention remains focused on nonfinancial risks such as safeguarding, retention of key staff and recruitment of support workers for our care and support services. We have embedded a robust process of policies and procedures to successfully comply with the General Data Protection Regulations (GDPR) however impact of legislative changes remain a risk to member and donor growth.

All of the above risks are managed by a risk register which is regularly updated and reviewed quarterly at Board meetings.

Page 16

~~8. Financial Review~~

The Deafblind UK accounts for the year ending 31 March 2022 show a surplus of £144,251 (2021: £852,031). Income decreased to £2,711,222 (2021: £3,405,585) which is a decrease of £694,363, or 20%.

Despite a continually changing and challenging financial climate, the charity secured a third consecutive surplus. Income fell when compared to the previous the year, however this is predominantly due to exceptionally strong income receipts to March 2021. Overall donations and legacy income fell by £679,284 from the previous year; a decrease of 31%. This fall is the result of the previous year containing significant one-off covid grants.

Deafblind UK received 56% (2021: 63%) of its income from voluntary sources,

such as trusts and foundations, the Big Lottery Fund, and legacies. As society moves out of the Covid-19 pandemic, it has become even more apparent how valuable our beneficiaries find our services. The need for voluntary income has never been greater.

Income from charitable activities fell by 9% to £1,045,105 (2021: £1,148,854). Supporting our vulnerable customers throughout the pandemic has been our primary objective and despite a slight fall in income, we were able to deliver over 90% of all contracted services.

The trading company opened a second charity shop, as the charity seeks to diversify income streams. As a result, income from the trading company increased by 47% to £90,430 (2021 £61,491).

Page 17

Overall, expenditure remained broadly constant when compared to the previous year. Total expenditure in the Consolidated Statement of Financial Activities (SOFA) was £2,541,560 (2021: £2,553,554). There continues to be a concerted effort to minimise all expenditure, especially in organisational overheads.

Termination payments for redundancies were also paid during the year, these are detailed in Note 7.

A detailed analysis of income and expenditure is shown in the SOFA on page 20 and in notes 1 to 8 of these accounts. The net assets of the group as shown in the consolidated balance sheet at year end amount to £4,989,054.

----- Start of picture text -----
“The service is living
up above and beyond
and more for me.”
----- End of picture text -----

Page 18

Reserves Policy

The policy for free reserves held by the charity is to have a minimum of three months with desire to hold no more than six months operating costs. This policy was reviewed at the Board Meeting in March 2022 as part of the annual review process. The charity free reserves at the year-end were £1,075,185, which represents 5.1 months’ operating costs. Total funds at the end of the reporting period were, £4,989,054 of which £145,135 were restricted.

Investment Policy

Deafblind UK employ a professional investment management firm to manage the assets (excluding the direct property) on a discretionary basis in line with the investment policy. The investment manager provides custody of assets. The manager is required to produce a valuation and performance report quarterly. The objective of these investments is to maintain the real value of the assets whilst aiming to generate additional funds to support the charitable objectives.

The Trustees have decided to pursue two strategies for the Charity’s combined investments. One portfolio is invested at low risk, the other at medium risk. All investments are subject to Environmental, Social and Governance (ESG) parameters agreed with the Board of Trustees.

Cash reserves are maintained in a spread of interest-bearing deposits with reputable UK based financial institutions which meet our ethical standards.

Deposits are selected which provide the best return available under current market conditions, whilst ensuring sufficient liquidity to provide operating capital and to cover capital requirements. The policy and portfolio of deposits are regularly kept under review by the Board.

Approved by the Trustees on 22nd June 2022.

R Cullen, Company Secretary

Page 19

~~9. Independent Auditor’s Report~~

Opinion

We have audited the financial statements of Deafblind UK (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2022 which comprise consolidated statement of financial activities, consolidated balance sheet, charity balance sheet, group cash flow statements and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements: ■give a true and fair view of the state of the affairs of the group and the parent charitable company as at 31 March 2022 and of the group’s

incoming resources and application of resources, including its income and expenditure, for the year then ended;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance

with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going

concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or the parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 20

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.

We have nothing to report in this regard.

Other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion:

■adequate accounting records have

not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 14, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements

Page 21

and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the group and parent financial statements as a whole are free from material misstatement,

whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the group and parent charitable company’s financial statements to material

misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the group and parent charitable company by discussions with trustees and updating our understanding of the sector in which the group and parent charitable company operate.

Laws and regulations of direct significance in the context of the group and parent charitable company include The Companies Act 2006 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures.

Page 22

We reviewed the parent charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the parent charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of noncompliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the

engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the parent charitable company’s members, as a

body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent charitable company and the parent charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Hill (Senior Statutory Auditor)

for and on behalf of Saffery Champness LLP, Chartered Accountants Westpoint, Lynch Wood, Peterborough, Cambridgeshire PE2 6FZ

Statutory Auditors:

Date:

Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 23

Notes
Income from:
Donations and legacies
Legacies
Grants and trusts
1
Other donations
Other trading activities
Commercial trading operations
Fundraising income
Non-charitable trading
Charitable activities
Contracted services
3
Income from property
3
3
Investment income
2
Total income
Notes
Expenditure on:
Raising funds
Fundraising costs
5
Commercial trading operations
Charitable activities
6
Total expenditure
Gains/(losses) on investments
Net income/(expenditure) and net
movement in funds for the year
Transfers between funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds £
707,410
12,645
128,764
848,819
90,430
20,287
59,401
170,118
812,455
232,650
1,045,105
36,152
2,100,194
Unrestricted
funds £
268,021
128,190
1,477,278
1,873,489
(57,944)
168,761
-
4,675,158
4,843,919		 Restricted
funds £
-
638,561
5,000
643,561
-
-
-
-
-
-
-
-
643,561
Restricted
funds £
-
-
668,071
668,071
-
(24,510)
-
169,645
145,135		 Total funds
2022 £
707,410
656,206
128,764
1,492,380
90,430
20,287
59,401
170,118
812,455
232,650
1,045,105
36,152
2,743,755
Total funds
2022 £
268,021
128,190
2,145,349
2,541,560
(57,944)
144,251
-
4,844,803
4,989,054		 Total funds
2021 £
661,325
1,304,328
206,011
2,171,664
61,491
10,622
11,606
83,719
904,504
244,350
1,148,854
1,348
3,405,585
Total funds
2021 £
293,914
156,585
2,103,055
2,553,554
-
852,031
-
3,992,772
4,844,803

Statement of Financial Activities 2021–22

The Consolidated statement of financial activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities. Commercial trading income includes £nil (2021: £nil) of income from discontinued operations. Comparative figures are included in notes 21 and 22.

As permitted by section 408 of the Companies Act 2006, the parent Charity’s Statement of Financial Activities has not been included in these financial statements. The parent Charity’s total incoming resources for the year were £2,620,788 (2021: £3,322,968). The net surplus/(deficit) for the year for the Charity was £182,007 (2021: £925,999).

The accounting policies and notes on pages 17 to 53 form part of these financial statements.

Page 24

Deafblind UK Group balance sheet 2021–22

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due
within one year
12
Net current assets
Total assets less current liabilities
Net assets
Funds of the group
Restricted funds
13
Unrestricted funds
14
Total funds		 2022
£
£
-
491,000
-
2,962,242
249,108
-
1,728,078
-
1,977,186
-
(441,374)
-
-
1,535,812
-
4,989,054
-
4,989,054
-
145,135
-
4,843,919
4,989,054		 2022
£
£
-
491,000
-
2,962,242
249,108
-
1,728,078
-
1,977,186
-
(441,374)
-
-
1,535,812
-
4,989,054
-
4,989,054
-
145,135
-
4,843,919
4,989,054		 2021
£
£
-
496,639
-
-
353,101
-
4,468,103
-
4,821,204
-
(473,040)
-
4,348,164
4,844,803
4,844,803
-
169,645
-
4,675,158
4,844,803		 2021
£
£
-
496,639
-
-
353,101
-
4,468,103
-
4,821,204
-
(473,040)
-
4,348,164
4,844,803
4,844,803
-
169,645
-
4,675,158
4,844,803
4,844,803
4,844,803
145,135
4,843,919
4,989,054		 169,645
4,675,158
4,844,803

These financial statements were approved and authorised for issue by the Trustees on the 22nd June 2022 and signed on their behalf by:

R Nolan (Chair) Trustee

Company Registration No. 02426281

Charity No. 802976

The accounting policies and notes on pages 17 to 53 form part of these financial statements.

Page 25

Deafblind UK Charity balance sheet 2021-22

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due
within one year
12
Net current assets
Total assets less current liabilities
Net assets
Funds of the Charity
Restricted funds
13
Unrestricted funds
14
Total funds		 2022
£
£
459,217
2,962,252
3,421,469
404,467
1,716,454
2,120,921
(427,776)
1,693,145
5,114,614
5,114,614
145,135
4,969,479
5,114,615		 2021
£
£
484,386
10
484,396
485,365
4,407,887
4,893,252
(452,327)
4,440,925
4,925,321
4,925,321
169,646
4,755,675
4,925,321		 2021
£
£
484,386
10
484,396
485,365
4,407,887
4,893,252
(452,327)
4,440,925
4,925,321
4,925,321
169,646
4,755,675
4,925,321
484,396
4,440,925
4,925,321
4,925,321
169,646
4,755,675
4,925,321

As permitted by Section 408 of the Companies Act 2006, the parent Charity’s Statement of financial activities has not been included in these financial statements. The unconsolidated figure for the net expenditure of the charity, including donations from the subsidiaries, would have been £182,007 (2021: net income of £925,999). Details concerning the subsidiary companies, along with their results and financial position are set out in note 4. These financial statements were approved and authorised for issue by the Trustees on the 22nd June 2022 and signed on their behalf by:

R Nolan (Chair) Trustee

Company Registration No. 02426281. Charity No. 802976 The accounting policies and notes on pages 17 to 53 form part of these financial statements.

Page 26

Group Cash flow 2021–22

Net cash used in operating activities
Cashfows from investing activities
Interest received
Proceeds from sale of fxed assets
Purchase of Investment Portfolio
Purchase of plant and equipment
Net cash (used in)/provided by investing activities
Change in cash in the year
Cash at the beginning of the year
Cash at the end of the year
Reconciliation of net income/expenditure to
net cash fow from operating activities
Net income/(expenditure) for the year
Interest received
Proft on disposal
Change in value of Investment Portfolio
Depreciation
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash used in operating activities
Analysis of cash
Cash in hand		 2022
£
£
329,449
3,619
-
-
-
(3,000,000)
-
(73,093)
-
(3,069,474)
(2,740,025)
4,468,103
1,728,078
144,251
(3,619)
-
37,758
78,732
103,993
(31,666)
329,449
2022
£
1,728,078		 2022
£
£
329,449
3,619
-
-
-
(3,000,000)
-
(73,093)
-
(3,069,474)
(2,740,025)
4,468,103
1,728,078
144,251
(3,619)
-
37,758
78,732
103,993
(31,666)
329,449
2022
£
1,728,078		 2021
£
£
1,078,528
1,348
-
2,563,000
-
-
-
(55,344)
-
2,509,004
3,587,532
880,571
4,468,103
852,031
(1,348)
(114,121)
-
125,685
109,064
107,216
1,078,527
2021
£
4,468,103		 2021
£
£
1,078,528
1,348
-
2,563,000
-
-
-
(55,344)
-
2,509,004
3,587,532
880,571
4,468,103
852,031
(1,348)
(114,121)
-
125,685
109,064
107,216
1,078,527
2021
£
4,468,103
(2,740,025)
4,468,103		 3,587,532
880,571
1,728,078 4,468,103
144,251
(3,619)
-
37,758
78,732
103,993
(31,666)		 852,031
(1,348)
(114,121)
-
125,685
109,064
107,216
329,449 1,078,527
2022
£		 2021
£
1,728,078 4,468,103

Page 27

Analysis of changes in debt

Analysis of
changes in
debt
Cash
Total		 31 Mar
2021
4,468,103
4,468,103		 Cashfows
Acquisition/
Disposal of
subsidiaries
New
fnance
leases
Fair value
movements
Foreign
exchange
movements
Other
non-
cash
changes
- 2,740,025
-
-
-
-
-
- 2,740,025
-
-
-
-
-		 31 Mar
2022
1,728,078
1,728,078

The accounting policies and notes on pages 17 to 53 form part of these financial statements.

Page 28

Charity information

Deafblind UK is a Charity domiciled and incorporated in England and Wales. The registered office is:

The National Centre for Deafblindness, Paston Ridings, Peterborough, PE4 7UP.

Basis of accounting

The financial statements have been prepared under the historic cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102) Second Edition effective 1 October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

Deafblind UK is a charitable company domiciled and registered in England. The principal accounting policies adopted in the preparation of the Financial Statement are set out below.

Deafblind UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note.

Basis of consolidation

The group financial statements consolidate the financial statements of the Charity and its subsidiaries for the year ended 31 March 2022. The statement of financial activities (SOFA) and the balance sheet consolidate the financial statements on a line by line basis where appropriate.

Page 29

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. There remains some negative impacts of Covid-19, however the Trustees have placed significant scrutiny in this area and are confident that the charity have the necessary resources to continue to deliver services to our members. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Fixed assets

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that as follows:

Freehold property 2%–10% straight line

Equipment 10%–33% straight line & reducing balance

Caravans 15–20% straight line

Given the long period over which the freehold buildings are depreciated they are also subject to an annual impairment review by the Trustees.

All fixed assets are initially recorded at cost. Generally, expenditure over £1,000 of a capital nature is capitalised at cost as fixed assets within the relevant fund.

Page 30

Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Charity estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time, value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its

recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) prior years. A reversal of an impairment loss is recognised immediately in the statement of financial activities, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Investment Accounting Policy

Investments are stated at market value. Changes in the market value of fixed asset investments are taken to the Statement of Financial Activities as unrealised gains and losses. Unrealised gains and losses are calculated as the difference between the market value at the year end and the carrying value.

Realised gains and losses on the disposal of investments are calculated as the difference between sales proceeds and the opening market value or the purchase cost if brought in this financial year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

Page 31

Pension costs

The Charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the Charity. The annual contributions payable are charged to the statement of financial activities.

Funds

If monies are given for a specific purpose, this income and related expenditure is treated as restricted. Monies are also held as designated funds as per Note 13. If the income is for general use, it is included as unrestricted and may be expended at the discretion of the Trustees in furtherance of the objects of the Charity.

Income

Income from donations and legacies are recognised in the appropriate fund as follows:

Legacies

Legacies are included in income when received, or if before receipt it becomes more likely than not that the Charity is entitled to the income, the legacy will be received, and the value can be determined with reasonable probability.

Donations

Donations under gift aid together with the associated income tax recovery are recognised as income when the donation is received.

Income from other trading activities includes:

Sales in the Charity Shop is recognised as income as soon as the event has taken place.

Fees and charges and support work income, exclusive of VAT, are included in the period which they relate to.

Investment income includes:

Rental income

Deafblind UK receives rental income from renting accommodation at 18 Rainbow Court, Paston Ridings, Peterborough, PE4 7UP, to deafblind people. It is recognised as income in the period to which the income relates.

Income from charitable activities includes:

Fees and charges and support work income, exclusive of VAT, are included in the period which they relate to.

Other income

All other income, exclusive of VAT, is recorded in the period that it relates to.

Branch income

The results of the branches of the Charity are consolidated in the accounts.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. The costs of operating the Charity have been split between costs of raising funds, charitable expenditure and support costs.

Support costs include an apportionment to fundraising and direct charitable activities, and have been allocated based on staff numbers. Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Page 32

Financial instruments

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash

Cash and cash equivalents are basic financial instruments and include cash in hand.

Creditors

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The Charity is a registered Charity and is not liable to United Kingdom income tax or corporation tax on charitable activities.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Critical accounting estimates and areas of judgement

Estimates and judgement are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The group make estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that are considered to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 33

Notes to the Accounts GrwE¥tS*jm Page 34 deofE4irdQ)

1. Income from grants and trusts 2021–22

Grants and donations including
Specifc appeals
Big Lottery Fund
Furlough Scheme Income		 Unrestricted
funds
£
Restricted
funds
£
Total funds
2022
£
Total funds
2021
£
3,000
541,951
544,951
862,107
-
96,610
96,610
330,399
-
14,645
14,645
111,822
3,000
653,206
656,206
1,304,328

Income from grants and trusts 2020–21

Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Grants and donations including
Specifc appeals 230,014 632,093 862,107 481,924
Big Lottery Fund 113,426 216,973 330,399 381,092
Furlough Scheme Income 111,822 - 111,822 -
455,262 849,066 1,304,328 863,016

~~We would like to give our sincere thanks to:~~

The National Lottery Community Fund (Northern Ireland) towards our ‘Out of the Shadows’ project to support older deafblind people across Northern Ireland.

ECL – Essex Sensory Community Grant towards the provision of an Outreach Service for deafblind people across Essex.

~~Also received with thanks, donations from:~~

Page 35

2. Investment income

2. Investment income
Income from portfolio
Bank interest received		 Unrestricted
funds
£
32,533
3,619		 Restricted
funds
£
-
-		 Total funds
2022
£
32,533
3,619		 Total funds
2021
£
1,348
36,152 36,152 1,348

3. Income from charitable activities

Contracted services
Fees, charges and support work
Income from property		 Unrestricted
funds
£
Restricted
funds
£
-
812,455
-
232,650
-
1,045,105
-		 Total funds
2022
£
812,455
232,650		 Total funds
2021
£
904,504
244,350
1,045,105 1,148,854

Page 36

4. Income from subsidiary’s trading activities

About Me Care and Deafblind UK Trading Deafblind UK Trading
Support Limited Limited
2022 2021 2022 2021
£ £ £ £
Turnover - - 90,430 61,491
Cost of sales - - 4,584
- - 90,430 66,075
Administrative expenses - - (135,578) (180,909)
Other operating income - - - 42,114
Operating (loss)/ Proft before Taxation - - (45,048) (72,720)
Interest receivable - - 4 12
Corporation tax Payable - - - -
Retained proft - - (45,044) (72,708)
Paid up shares capital - - 2 2
Net liabilities/ assets - - - -

£nil (2021: £nil) was gifted by the subsidiaries to the charity in the year.

The figures in the above table are inclusive of any intra-group transactions. In the statement of financial activity on page 20, intra-group transactions are netted against each other.

The following companies are wholly owned trading subsidiaries of the Charity:

Deafblind UK Trading Limited (company number 05082057), a company established to provide conference facilities, provide transcription service and to sell merchandise on behalf of the charity.

About Me Care & Support Limited – dormant (company number 07945990), a company working with people who have a sensory impairment to provide personalised, community-inclusive care and support solutions. About Me Care & Support Limited re-merged with Deafblind UK on April 1st 2019, having separated the operations in July 2012.

Ultimately the activities are undertaken with a view to raising funds for Deafblind UK.

Their results for the year, as extracted from the audited financial statements, are summarised on this page.

Page 37

5. Fundraising costs

5. Fundraising costs
Fundraising and publicity costs including salaries
and consultancy
Postage and stationery		 Unrestricted
funds
£
265,365
2,656		 Restricted
funds
£
-
-		 Total funds
2022
£
265,365
2,656		 Total funds
2021
£
286,879
7,035
268,021 - 268,021 293,914

Page 38

6. Charitable activities

6. Charitable activities
Direct charitable expenditure
Care & Support Operations
Governance
Community services
National Services
Rainbow Court
Information and Communications Technology		 Direct
charitable
£
837,217
124,977
35,292
244,603
290,604
113,627		 Support
costs
£
253,775
37,883
10,698
74,143
88,088
34,442		 Total funds
2022
£
1,090,992
162,860
45,990
318,746
378,692
148,069		 Total funds
2021
£
1,101,263
16,137
406,420
270,934
147,114
161,187
1,646,320 499,029 2,145,349 2,103,055
Wages and salaries, including staf training
Ofce running costs
IT costs
Travel and subsistence costs
Insurances
Deafblind Club costs
Interpreting costs
Depreciation and loss on disposal of tangible fxed assets
Bad debt expenses
Audit and accountancy		 2022
£
1,658,109
224,817
120,571
43,025
8,305
2,464
12,530
62,433
(2,585)
15,680
2,145,349		 2021
£
1,752,570
258,767
88,407
26,515
10,300
872
-
(25,198)
(19,478)
10,300
2,103,055

Support costs are allocated directly between activities based on total costs incurred. The movement on restricted funds in respect of charitable activities is detailed note 13.

■ Information and Communications Technology: To provide specialist computer equipment and training for people with deafblindness, either at Deafblind UK or in their home.

Page 39

7. Staff costs

7. Staf costs
The aggregate payroll costs were 2022
£		 2021
£
Wages and salaries 1,781,947 1,841,508
Social security costs 137,488 136,948
Pension costs 44,254 43,747
Termination payments 2,022 22,935
1,965,711 2,045,138
Number of employees with total employee costs over £60,000: 2022 2021
£80,001 - £90,000 1 1
£60,001 - £70,000 3 1
Particulars of employees
The average number of staf employed by the group during the fnancial year
amounted to:		 2022
Number		 2021
Number
Finance administrative and support 12 14
Care and support 54 62
Fundraising 11 12
Community service 22 21
99 109

Pension contributions in relation to this employee amounted to £15,145 (2021: £8,946) in the year. £56 has been reimbursed to Trustees during the year (2021: £nil). This related to travel costs, guides and interpreting costs. One Trustee received reimbursements (2021: 0). The key management personnel of the parent charity, Deafblind UK, are also responsible for the management of the wholly owned subsidiaries Deafblind UK Trading Limited and About Me Care & Support Limited. They comprise of the Trustees (who are not remunerated in their role), and members of the executive team. The total employee benefits for both of these were £297,657 (2021: £291,647). Included in termination payments are non-contractual payments of £0 (2021: £0). Trustees did not receive remuneration in 2022 or 2021.

Page 40

8. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting)

8. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting)
Depreciation of tangible fxed asset – owned
Proft on disposal
Auditors’ remuneration:
• statutory audit of parent and consolidated accounts
• statutory audit of subsidiaries
• other services		 2022
£
78,732
-
13,140
2,850		 2021
£
125,685
(112,121)
11,400
2,650
1,770 2,490

Page 41

9. Tangible fixed assets – Group

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Freehold
Property
£
673,495
29,828
-		 Equipment
£
293,241
43,265
-		 Total
£
966,736
73,093
-
703,323 336,506 1,039,829
283,002
8,063
-		 187,096
70,669
-		 470,098
78,732
-
291,065 257,765 548,830
412,258 78,741 490,999
390,493 106,145 496,638

Page 42

9. Tangible fixed assets (continued) – Charity

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
Property
£
673,495
29,828
-		 Equipment
£
263,272
7,436
-		 Total
£
936,767
37,264
-
703,323 270,708 974,031
283,002
8,063
-		 169,379
54,370
-		 452,381
62,433
-
291,065 223,749 514,814
412,258 46,959 459,217
390,493 93,893 484,386

All fixed assets are held for charitable purposes.

The annual impairment review by the Trustees has assessed the value of the freehold buildings and the Trustees are confident that the asset value in the balance sheet is representative of a fair value in the marketplace.

Page 43

10. Investments

Group

Fixed asset investments comprise of listed investments

10. Investments
Group
Fixed asset investments comprise of listed investments
2022 2021
£ £
Additions 2,991,544 -
Disposals at carrying value (market value) (164,418) -
Unrealised gain / (loss) (56,825) -
Realised gain / (loss) (1,119) -
Investments 2,769,182 -
Cash held at brokers 193,060 -
Total Fund 2,962,242 -
Charity
2022 2021
£ £
Listed Investments
Additions 2,991,544 -
Disposals at carrying value (market value) (164,418) -
Unrealised gain / (loss) (56,825) -
Realised gain / (loss) (1,119) -
Investments 2,769,182 -
Cash held at brokers 193,060 -
Total Fund 2,962,242 -
Shares in Subsidiary Companies at cost 10 10
Total Value of Investments 2,962,252 10

Fixed asset investments comprise of listed investments, and shares held in 100% owned subsidiaries. The subsidiary companies are Deafblind UK Trading Limited and About Me Care and Support Limited, both are incorporated in the United Kingdom.

Page 44

11. Debtors

Group

Trade debtors
Other debtors
Prepayments
Charity
Trade debtors
Amounts owed by group undertakings
Prepayments
Other debtors		 2022
£
55,261
187,477
6,370		 2021
£
62,915
287,390
2,790
249,108 353,095
2022
£
55,261
155,359
6,370
187,477		 2021
£
63,754
131,423
2,790
287,398
404,467 485,365

Charity

Page 45

12. Creditors

Amounts falling due within one year.

Group

Trade creditors
Taxation and social security
Other creditors
Accruals
Charity
Trade creditors
Taxation and social security
Other creditors
Accruals		 2022
£
67,145
22,170
94,503
257,556		 2021
£
83,056
24,326
60,382
305,276
441,374 473,040
2022
£
60,009
25,326
93,468
248,973		 2021
£
83,055
25,727
60,382
283,163
427,776 452,327

Page 46

13. Restricted Funds 2021–2022

Group and Charity Movement in resources

Digital Inclusion
Merseyside & Manchester Outreach
The National Lottery Community Fund -
Out of the Shadows (Northern Ireland)
North Wales Project
Essex Outreach
Caravan & Respite Breaks
National Services
Bristol Outreach
Helpline (Service)
Wellbeing & Emotional Support
Veterans Appeal
Clinicans Project
Volunteer Programme
Cambridgeshire Outreach Appeal
E-Learning Appeal
Mental Health Appeal
Virtual Groups Appeal
EDI Appeal
Access to Work Appeal
Youth Project Appeal
Carers Project
Education Project
Restricted funds		 Balance at
31-Mar-21
£
-
-
10,336
-
-
-
-
-
38,431
48,994
19,475
9,805
6,978
8,057
12,570
15,000
-
-
-
-
-
-		 Income
£
1,150
15,000
96,610
250
47,087
16,000
231,919
10,000
8,280
-
33,000
-
150
-
26,000
-
5,000
50,000
39,935
11,125
7,446
44,609		 Expenditure
£
1,150
15,000
101,398
250
47,087
16,000
231,919
10,000
46,711
48,994
52,475
9,805
7,128
8,057
38,570
15,000
5,000
6,082
-
-
7,446
-		 Transfer
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31-Mar-22
£
-
-
5,548
-
-
-
-
-
-
-
-
-
-
-
-
-
-
43,918
39,935
11,125
-
44,609
169,646 643,561 668,072 - 145,135

Page 47

13. Restricted Funds 2020–2021

Group and Charity Movement in resources

The National Lottery Community Fund
– Companions (England)
Digital Inclusion
Rainbow Court Paths and Handrails
Merseyside & Manchester
West Midlands Outreach
East Anglia Outreach
The National Lottery Community Fund –
Out of the Shadows (Northern Ireland)
North Wales Project
Essex Outreach
Other Appeals
Caravan & Respite Breaks
National Services
Bristol Outreach
Yorkshire Outreach
Helpline (Service)
Covid 19 – Emergency Funding
Wellbeing & Emotional Support
Veterans Appeal
Clinicians Project
Volunteer Programme
Cambridgeshire Outreach Appeal
E-Learning Appeal
Mental Health Appeal
Braille Printer
Restricted funds		 Balance at
31-Mar-20
£
41,375
19,136
17,765
9,877
5,358
3,097

2,916
1,430
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Income
£
80,273
9,284
-
10,000
8,000
10,000
136,700
-
37,500
12,050
9,000
7,031
5,000
2,000
118,412
106,853
85,544
59,600
49,387
39,637
25,000
18,200
15,000
4,595		 Expenditure
£
121,648
28,420
-
19,877
13,358
13,097
129,281
1,430
37,500
12,050
9,000
7,031
5,000
2,000
79,981
106,853
36,550
40,125
39,582
32,659
16,943
5,630
-
-		 Transfer
£
-
-
17,765
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,595		 Balance at
31-Mar-21
£
-
-
-
-
-
-
10,335
-
-
-
-
-
-
-
38,431
-
48,994
19,475
9,805
6,978
8,057
12,570
15,000
-
100,954 849,066 758,015 22,360 169,645

Restricted Funds

The National Lottery Community Fund – Out of the Shadows (N. Ireland): Big Lottery Fund Grant (under the Reaching Communities fund) for supporting deafblind people across Northern Ireland. Caravan and Respite Breaks: Facilities subsidised caravan respite breaks for deafblind people, and their families and carers. National Services: Supporting information, advice, caseworker and volunteer services for deafblind members, carers and others working with deafblind people. Digital Inclusion: Raising awareness of digital inclusion for deafblind people with opportunity to try out accessibility features of technology, supported by volunteers Various Outreach funds: Funds to support staff and volunteers working with deafblind people in their homes and communities and the provision of Peer Support groups in North Wales, London, Yorkshire, Essex, Manchester & Merseyside, East Anglia, West Midlands & Bristol.

Page 48

Designated Funds

In addition to the restricted funds above, Trustees have also designated the following funds from unrestricted reserves:

Renovations at Rainbow Court
Purchase of new holiday accommodation
Purchase of Minibus
Unrestricted income project (shops)
Additional Supported Living Provision
IT Support Programme
Research Programme
Redevelopment of Rainbow Court
Total Designated Funds
Analysis of Group Reserves:
Restricted Reserves
Unrestricted Designated Reserves
Unrestricted Fixed Assets
Unrestricted Free Reserves
Total Reserves		 150,000
385,000
45,000
90,000
750,000
100,000
150,000
1,800,000
3,470,000
£ 145,136
£ 3,470,000
£ 491,000
£ 882,918
£ 4,989,054

Analysis of Group Reserves:

We reported last year on the sale of the National Centre for Deafblindness building in Hampton, Peterborough in November 2020. The proceeds from the sale have now been designated as per the information on the left. The Board took the decision to invest in long-term, strategic developments, in research and capital expenditure, to underpin the charity moving forward.

Page 49

14. Unrestricted funds 2021–22

Group

Movement in resources

General Other fixed assets Unrestricted funds

Balance at
31-Mar-21
£
4,178,513
496,639
Income
£
2,067,661
-		 Expenditure
£
(1,820,162)
(78,732)		 Transfer
£
(73,093)
73,093		 Balance at
31-Mar-22
£
4,352,919
491,000
4,675,152 2,067,661 (1,898,894) - 4,843,919

Charity

Movement in resources

General
Other fxed assets
Unrestricted funds		 Balance at
31-Mar-21
£
4,271,289
484,386
Income
£
2,679,407
-		 Expenditure
£
(2,403,171)
(62,433)		 Transfer
£
(37,264)
37,264		 Balance at
31-Mar-22
£
4,510,261
459,217
4,755,675 2,679,407 (2,465,604) - 4,969,478

Page 50

Unrestricted funds 2020-21: Group

Movement in resources

General
Other fxed assets
Unrestricted funds		 Balance at
31-Mar-20
£
1,227,704
2,664,108
Income
£
2,556,519
-		 Expenditure
£
(1,669,854)
(125,685)		 Transfer
£
2,064,144
(2,041,784)		 Balance at
31-Mar-21
£
4,178,513
496,639
3,891,812 2,556,519 (1,795,539) 22,360 4,675,152

Unrestricted funds 2020-21: Charity

Other fixed assets The other fixed asset fund represents tangible fixed assets held for the charity’s use. The expenditure allocated on this fund represents the depreciation charged on these assets in the year, and the transfer represents the net movement relating to additions and disposals in the year.

General
Other fxed assets
Unrestricted funds		 Balance at
31-Mar-20
£
1,138,218
2,670,991
Income
£
2,473,902
-		 Expenditure
£
(1,448,445)
(101,351)		 Transfer
£
2,107,614
(2,085,254)		 Balance at
31-Mar-21
£
4,271,289
484,386
3,809,209 2,473,902 (1,549,796) 22,360 4,755,675

Page 51

15. Analysis of net assets 2021–22

Group

15. Analysis of net assets 2021–22
Group
Restricted funds
Unrestricted funds		 Tangible
fxed assets
£
-
3,453,241		 Net current
assets
£
145,135
1,390,678		 Total
£
145,135
4,843,919
3,453,241 1,535,813 4,989,054

Charity

Charity
Restricted
Unrestricted funds		 Tangible
fxed assets
£
-
3,421,459		 Investments
£
-
10		 Net current
assets
£
145,135
1,548,010		 Total
£
145,135
4,969,479
3,421,459 10 1,693,145 5,114,614

Page 52

Analysis of net assets 2020–21

Group

Analysis of net assets 2020–21
Group
Restricted funds
Unrestricted funds		 Tangible
fxed assets
£
-
496,638		 Net current
assets
£
169,646
4,178,513		 Total
£
169,645
4,675,152
496,638 4,348,159 4,844,797

Charity

Restricted funds
Unrestricted funds
Charity
£
-
496,638
496,638		 £
169,646
4,178,513
4,348,159		 £
169,645
4,675,152
4,844,797
Restricted
Unrestricted funds		 Tangible
fxed assets
£
-
452,381		 Investments
£
-
10		 Net current
assets
£
169,646
4,303,284		 Total
£
169,645
4,755,676
452,381 10 4,472,930 4,925,321

Page 53

16. Financial instruments

16. Financial instruments
Financial assets
Equity instruments measured at fair value
Debt instruments measured at Amortised cost
Financial liabilities
Measured at amortised cost		 Group 2022
£
2,962,242
242,738		 Charity 2022
£
2,962,252
242,738		 Group 2021
£
-
350,313		 Charity 2021
£
10
351,152
183,818 178,803 167,764 169,164

17. Related party transaction

At the year end the charity was owed £155,359 (2021: £131,423) by Deafblind UK Trading Limited, a wholly owned subsidiary of Deafblind UK. During the year the charity recharged expenses of £29,545 (2021: £64,673) and rent of £nil (2021: £21,000) to Deafblind UK Trading Limited.

18. Company limited by guarantee

The company does not have share capital and is limited by guarantee. In the event of the company being wound up, the maximum amount which each member is liable to contribute is £10.

Page 54

19. Pensions

The group contributes to a defined benefit contribution scheme for its employees. The charge for the year is £44,254 (2021: £43,747) and at the balance sheet date there were £3,564 (2021: £3,567) of outstanding contributions which were included within the creditors.

20. Contingent Asset

There is a contingent asset as at 31 March 2022 of £263K from a legacy received after year end. (2021:£nil).

21. Contingent liability

There are no contingent liabilities as at 31 March 2022. (2021: £nil).

Page 55

22. Comparative consolidated statement of financial activities by fund

Income from Donations and legacies
Legacies
Grants and trusts
Other donations
Other trading activities
Commercial trading operations
Fundraising income
Non-charitable trading
Charitable activities
Contracted services
Income from property
Investment income
Total income
Expenditure
Fundraising costs
Commercial trading operations
Charitable activities
Total expenditure
Net income
Transfers between funds
Total funds bought forward
Total funds carried forward		 Unrestricted
funds
£
661,325
455,262
206,011		 Restricted
funds
£
-
849,066
-		 Total funds
2021
£
661,325
1,304,328
206,011
1,322,598
61,491
10,622
11,606		 849,066
-
-
-		 2,171,664
61,491
10,622
11,606
83,719
904,504
244,350		 -
-
-		 83,719
904,504
244,350
1,148,854 - 1,148,854
1,348 - 1,348
2,556,519 849,066 3,405,585
293,914
156,585
1,345,040		 -
-
758,015		 293,914
156,585
2,103,055
1,795,539 758,015 2,553,554
760,980
22,360
3,891,812		 91,051
(22,360)
100,954		 852,031
-
3,992,766
4,675,152 169,645 4,844,797

Page 56

23. Comparative analysis of charitable activities (Note 6)

Direct charitable expenditure
Care & Support
Governance
Community Services
National Services
Rainbow Court
Information and Communications Technology
Wages and salaries, including staf training
Ofce running costs
IT costs
Travel and subsistence costs
Insurances
Deafblind Club costs
Irrecoverable VAT
Interpreting costs
Depreciation and loss on disposal of tangible fxed assets
Bad debt expenses
Audit and accountancy		 Direct
charitable
£
836,973
12,264
308,884
205,913
111,808
122,504
1,598,346		 Support
costs
£
264,290
3,873
97,536
65,021
35,306
38,683
504,709		 Total funds
2021
£
1,101,263
16,137
406,420
270,934
147,114
161,187
2,103,055
1,752,570
258,767
88,407
26,515
10,300
872
-
-
(25,198)
(19,478)
10,300
2,103,055

Page 57

Annual report 2021–22 Doing more, reaching further

National Centre for Deafblindness 19 Rainbow Court, Paston Ridings, Peterborough, Cambridgeshire, PE4 7UP

Tel: 0800 132 320 Email: info@deafblind.org.uk www.deafblind.org.uk

Page 58