As part of our accounts modernisation we have changed how expenditure is organised in the accounts. This means that expenses will look different to the way they were presented in 2018. The accounts in 2019 also reflect the re-organisation of the Departments. You will see in the Supplementary accounts pages at the end of the Audit report that the income and expenses are separated by:
• Fundraising/Raffle/Shops/Donations – This Department includes all income and expenditure related to fundraising.
• FET – DAC & ISL – This is our Education Department. FET means Further Education and Training, DAC means Deaf Adult Courses and ISL is shorthand for our ISL courses, all combined in one Education Department.
• Advocacy – This is all income and expenditure for our Advocacy Department. You will notice that this Department runs at a loss because it is not grant funded by the State. IDS fund the Department from our fundraising profits.
The way our accounts are presented are different to 2018 so they do not compare directly. Next year, when we present 2020 accounts it will be easier to compare them to the 2019 report in the new format.
Our work to improve how we manage our finances has continued in 2020, this has been very important as 2020 has been a very unpredictable year. We continue to take a careful approach to our finances and work towards a more sustainable future.
Thank you for your time and attention and we look forward to a better and brighter 2021.