REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
DEAF DIRECT |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
DEAF DIRECT |
DEAF DIRECT |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Report of the Trustees | 1 |
Statement of Financial Activities | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 | to | 5 |
DEAF DIRECT (REGISTERED NUMBER: 04802357) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of 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 2019). |
During October 2019, a merger between Deaf Direct and Action Deafness was finalised, at this point most of the assets of Deaf Direct were transferred to Action Deafness apart from the title of the freehold property known as the Oxford Deaf and Hard of Hearing Centre and the charity bank accounts. |
OBJECTIVES AND ACTIVITIES |
Objectives and activities |
From its inception in 1927 Deaf Direct (previously known as Worcestershire and Herefordshire Association for Deaf People (WHAD) worked within the Midlands region to create a society in which deaf and hard of hearing people enjoy equal participation and access without barriers or prejudice. Deaf Direct became recognised as a trusted name providing high quality bespoke services to deaf and hard of hearing people, their family members and carers, as well as professionals and other organisations. |
However in October 2019 Deaf Direct merged with Action Deafness and Action Deafness have managed all continuing activities since the merger. |
Significant activities |
As noted above, Action Deafness took on all continuing activities of Deaf Direct following the merger of the two charities in October 2019. Therefore, there were no charitable activities carried out by Deaf Direct in the current or the prior year. |
Public benefit |
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. |
FINANCIAL REVIEW |
Financial review |
As part of the merger, most assets apart from the legal title of the freehold property were transferred to Action Deafness and the charity bank accounts remained open to enable activities to be unwound. |
In 2021, the remaining bank balance was used to clear the remaining creditors. There were no other transactions in the year. |
The closing reserves of £1,010,000 represents the deemed cost of the Oxford Deaf and Hard of Hearing Centre. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Structure, governance and management |
The trustees of the charity, who are also directors for the purposes of company law, who served during the period were: |
B Ross (Chair) |
W Stavert |
PA Lenon |
As the charity is not currently carrying out any activities, the trustees are the only individuals involved in the running of the charity, ensuring that the charity remains compliant with all regulatory requirements while it is not active. |
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Bankers |
Birmingham |
B1 2JB |
Solicitors |
Thursfields |
9-10 The Tything |
Worcester |
WR1 1HD |
Approved by order of the board of trustees on |
DEAF DIRECT |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | Designated | funds | funds | funds |
Notes | £ | £ | £ | £ | £ |
NET INCOME | - | - |
RECONCILIATION OF FUNDS |
Total funds brought forward | - | - |
TOTAL FUNDS CARRIED FORWARD | - | - | 1,010,000 |
DEAF DIRECT (REGISTERED NUMBER: 04802357) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | Designated | funds | funds | funds |
Notes | £ | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 | - | - |
NET CURRENT ASSETS | - | - |
TOTAL ASSETS LESS CURRENT LIABILITIES |
- |
- |
NET ASSETS | - | - |
FUNDS | 6 |
Restricted funds | 1,010,000 |
TOTAL FUNDS | 1,010,000 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
DEAF DIRECT |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | GENERAL INFORMATION |
Deaf Direct is a private company limited by guarantee incorporated in England and Wales. The charity's registered number is 1105044 and the Company registration number is 04802357. |
The registered office is Vesta Tilley House, Lowesmoor, Worcester, WR1 2RS. |
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
The financial statements cover the individual entity. |
The entity constitutes a public benefit entity as defined by FRS 102. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The relevant principal accounting policies adopted are set out below. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Freehold property | nil |
Going concern |
During October 2019, the trustees of Deaf Direct finalised a merger with Action Deafness and at this point most of the Deaf Direct assets were transferred to Action Deafness. |
From October 2019 Action Deafness has taken over all continuing activities from Deaf Direct. |
Deaf Direct is not currently active, and it is the trustees' intention to wind up the charity following completion of the sale of the Oxford Deaf and Hard of Hearing Centre which is expected to be finalised in September 2022. |
Therefore, the charity is not considered to be a going concern. |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | Designated | funds | funds |
£ | £ | £ | £ |
NET INCOME | - | - |
RECONCILIATION OF FUNDS |
Total funds brought forward | - | - | 1,010,000 |
TOTAL FUNDS CARRIED FORWARD | - | - | 1,010,000 | 1,010,000 |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 October 2022 and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
6. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
1.10.22 | in funds | 30.9.23 |
£ | £ | £ |
Restricted funds |
Oxford building | 1,010,000 | - | 1,010,000 |
TOTAL FUNDS | - | 1,010,000 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
TOTAL FUNDS | - |
DEAF DIRECT |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
7. | RELATED PARTY DISCLOSURES |