BLIND IN BUSINESS
"Helping Sight Impaired People Into Work"
The Blind in Business Trust
Report and Financial Statements
Year Ended 31 March 2024
Charity Number 1011957

The Blind in Business Trust
Contents
Page
Lesal and Administrative Details
Patrons and Trnstees
Independent Exaniiners
Bankers
TTUStees' Report
Strncture, Govemance and Management
Objectives and Activities
Reserves Policy
Financial Performance
Future Developments
Thanks
34
4-7
io
Independent Examiner's Report
li
Financial Statements
Statement of Financial Activitie5
Balance Sheet
Notes
12
13
14-

The Blind in Business Trust
Le l and Administratlve Details
Patrons..
Sir Anthony Cleaver
Sir Peter Gershon
Baroness Nicholson of Winterknurne
John Spence OBE
David Watson
Tn45tees.'
Jane Cathrall (Choir)
Robert Keller, (freosurer)
Steve Norton
Daniel Smith*
Rupert Mark8 (appointed 30 May 2023)
Daniel HaTtlaThd° (oppointed 30 May 2023)
' Sight impaired Members
Director5.'
Dan Mitthell
James Mccarthy
Regislered Office..
Blind in Business Trust
MBX 102
690 London Road
Grays
RM20 3LD
Tel:
Email:
Website..
020 7588 1885
info@blindinbusine5s.or
www.blindinbusiness.or
Charity No.,
1011957
Independent Examiner.
Helen Cain, FCA
Mercer & Hole LLP
21 Lombard Street
London
EC3V 9AH
Bnnkers..
Metro Bank PLC
Insisnis Asset Manasement

The Blind in Business Trust
ort of the TTUStees of the Blind in Businesg Trnst for the
ear endea 31 March 2024
The Trustees submit their annual report and the financial ststements for the year ended 31 March
2024 prepared in accordance with the provisions of the Statement of Recommended Practice: Accountin8
and Reporting by Charities (SORP 2019), applicable Accounting Standards in the UK and the Charities
Act 2011.
Strncture Governance and Mana
ment
Governin
Document
The Trust was founded on June 1st 1992.
The Blind in Business Trust, which is a registered charity in En8land and Wales, 15 operated under the
rules of its Deed of Settlement dated 10 November 2005. This document was updated to Tefresh the
doeun￿nt by Pro-Bono support from Morgan. Lewi5 & Bockius UK LLP and was approved by the
Charity Commission after September 20 2022.
OAntment of Trnstees
The governance of the Trust is the responsibility of the Trustees who are appointed to the Board under
the terms of the Deed of Settlement. Appointments to the Board are made on the basis of the skills
needed for the operation of the Trust. New Trustees are appointed by the Board at Board meetings.
GDPR
We continue to abide by all Government regulations.
We use back-ups to the cloud which are encrypted.
Our website is GDPR compliant in respect of the data of visitors who set in touch with us and book
events through the site.
Safe
ardin
vulnerable
Safeguarding and protecting young vulnerable people has always been our priority. All staff have DBS
(Disclosure and Barring Services) checks and acce&8ible safeguarding training.
Trustees are asked to either provide proof of a DB5 check or for the charity to reimburse them for this
documentatio
Trustees are recommended to have trainins if they have not previously undertaken such trainin&
Trustees are given suggestions on further safeguardins by the staff.
All staff are aware of how to work with vulnerable young disabled people and have yearly training
provided by the NSPCC.
We produce risk assessments for our face-tt>face work and have policies in place to protect everybody
we support.

The Blind in Business Trust
nisation
The Board of Trustees administers the charity. The Board meets quarterly and formally, and Trustees are
encouraged to visit the charity and are made welcome, as both sides discuss present operations and
future developments.
The charity also has a Finance Committee and a People Committee that meet prior to Trustee meetings.
Directors aTe appointed by the Trustees to manase the day to day operations of the charity.
The Directors have ￿en given delesated authority, within the terms of delegation approved by the
TTUStees, for operational matters including finance, employment and related activities.
Related arties
The Charity has no business relationships with related parties.
Risk Mana
ment
The Trustees have a risk management strategy which compTises:
an annual review of key risks the charity may face:
the establishment of systems and procedures to mitigate those risks identified in the review;
the implementation of procedures desisned to minimise any potential impact on the chaTity should
those risks mateTialise.
The Trustees have undertaken a review of major risks, as required under the Statement of Recommended
Fractice. They have considered and agreed appropriate control processes and developed actions to
manage those risks.
Ob'eetives
The obj'ectives of the Trnst are to encourage sight impaired children into further education and
appTenticeships. and to support sight impaired university Students and graduates into good jobs.
Another obiective is to work with employeTS so they become even more willing to take these graduates
and apprentices into their early career scheme5.
The Trust helps young sight impaired people to develop the confidence to match their qualifications and
abilities with employment opportunities. Throush employability Support, mentorin& work experience,
assistive technology and trainin& the Trust supports sight impaired young people to compete equally
with their sighted peers in the job market.
The Trustee5 have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing their objectives and in planning future activities. In particular, the
Trustees consider how planned acttvities will contribute to the aims and objectives they have set.

The Blind in Business Trust
Activities
The Trust operates throughout the UK from an office near Old Street in London. This office is provided
by the Rank Foundation at a much reduced rate. as an offering for Charities to share ideas and work in
London. The office provides training rooms and hot-desks for staff to use and this new approach started
in December 2023. We use a MBX (mailbox) for correspondence at the Rank Foundations request.
There were up to six staff during the year, helped by interns and students who undertake work
experien￿ with the Trust.
We have volunteers of the hishest calibre, able to guide candidates interested in working in their areas.
We are grateful to the many sight impaired people who act as mentors and give enthusiastic. professional
and practical help to the new young sight impaiTed people with whom we work.
We receive a lot of referrals to our services throu8h word-of-mouth recommendations from people who
have successfillly ensaged with the service in the past. In additio￿ we have an increasing pipeline of
referrals throush relationships that we have built with the careers and disability services at universities,
specialist teachers at schools, colleges, and councils, various charities in the sight loss sector, and contacts
at eye hospitals such as MooTfields. We also Teceive self-referra15 through our website and social media
channels.
We worked with a range of employers, showing them how straightfonvard it can be to employ sight
impaired people, once the first barrieTS of anxiety about reasonable adjustments in key areas such as
equipment and mobility are overcome. We discuss with the employers the practical adaptations that can
be made and can give many examples of where it has been done successfully. We showcase how
straightforward these adjustments can be to implement by helping employers to create and run work
experience and internship opportunities for the youns people that we supporL
ment Service
Paid placements = 57
Voluntary placements - 51
The employment service supports sight iTnpaired young adults (18+) Into internships, apprenticeships.
and graduate jobs.
In 2023/24 the service supported 57 people into paid placements and 51 into internship and voluntary
placements. This total of 108 is a Tecord for the OTganisation.
The key impact driver of the employment service is the commitment to offerin8 tailored. one-t(Fone
support to every candidate. We know that other organisations offering employability support follow
structured prosramme focusing on writin8 Cvs and cover letters with a pre-set timeline and dear
beginnin8 and end.
The Blind in Business employment service takes a holistic approach understanding that the barriers to
emploirynent for each of our candidates will always be unique so therefore our support offering must
match. This means we do not place any time Limits or have any restTictions on how often. or at what stage
of their career. our candidates can access the service.
Throushout the year the Employment Senrice runs a range of events that our candidates can choose to
attend. These include".

The Blind in Business Trust
Industry insight sessions
Interview and assessment centre preparation workshops
Residential Education to Employment events
Peer support drop in sessions
Alumni networking evenings
We ran two Education to Employment events in the summer of 2023. These were based in Birmingham
and London and were well attended with 25 s￿dents joining from across the UK. In London the students
spent a day scaling heights and conquering fears at the Castle rock climbing centre before attending a
networking dinner in central London. On the second day we hosted a practice assessment centre with
corporate volunteers joining from the Bank of England, HSBC, Vision Foundation, Oxfam, WS Iaw,
London Stock Exchange Croup. and the RSA Group. All students took part in four practice interviews
receiving feedback from each. The second Education to Employment event took place in Birniingham
where we sped down a ski slope and spent an afternoon of outward-bound team building. The second
day was supported by HSBC who hosted an insight morning and assessment afternoon at their UK head
office.
We a￿anged industy insight events with the following employeTS in 2023/24:
KPMG
NHS
Virsirk Media 02
Chanse 100
Capgemini
EY
Financial Times
We ran two virtual mock assessment centres and mock interviews for students and graduates. With
recruitment now taking place both virtually and face to face, we have continued to support students and
graduates with navigating the recruitment process online.
We ran online drop-in sessions with sixteen universities and have run staff'lunch and learn, trainins
sessions with the careers and disability staff at four universities. We have a150 contacted all UK
universities with details of our website. university newsletter, podcasts. and social media platfOrn￿.
Pathwa
s Setvice
Previousl
named Tralnin
Service
We launched our new Pathways Service in March 2024. Pathways brings the current BIB training and
Work experience offerings together under one roof, so that we have a single clear access point for all
support options aimed at undei 185.
The objective of Pathways is to raise the employability, confidence. and aspirations of sisht impaired
youns people. Pathways will create a pipeline of young adults who will be ready to move on to the
Employment Service and into SUC￿$$fUl, long-lasting caTeers.
In 2023/24 through our work experience e project and training workshops we supported 308 young
people between the ages of 13 and 25.

The Blind in Business Trust
Trainin
worksho
Our flagship training Workshop is Buildins Prospects (BP). BP is a 5-week series of virtual workshops
aimed at building employability skills by exploring how to find a job you are passionate about,
discovering transferable skills, developing interview skills, and building confidence by exploring
reasonable adjustments and self-advocacy. In 2023/24 we ran six series of BP, each with between five and
ten young people joining from across the UK.
Due to demand, we also developed and Tan a pilot series of BuÉldins Prospects 2. This is an additional
workshop series for those that have completed BPI and want to continue their joumey with Blind in
Business. BW2 focuses on exploTing post-16 and post-18 options, job applications, assessment centres and
interviews. along with further exploring self-advocacy in education and the workpla￿. Following
universally positive feedback from the pilot group we are rollins out the BP2 series at full capacity for the
upcoming year.
We ran our Expectations Exceeded role model workshop virtually every three months. In these
workshops we invite a sroup of our alumni talk about their exPeTie[￿s from education into employment
followed by a question-and-answer session. These sessions are open to young people along with parents
and education professionals.
We offer our reasonable adjustments workshops to local sightloss organisations, sensory services teams
in councils, schools and Colleges where we plan and deliver a tailored session based on self-advocacy and
reasonable adjustments for the young people that they support. This year we ran in person reasonable
adjustments workshops at Bexley Council, Dorset Council, Henshaws charity, Coventry College, Linden
Lodge School, Oxted School, St Joseph's Catholic School, and the vIcfA charity summer camp.
Work
erienee
In complement to our training workshops we offer young people the chance to gain their first taste of
work experience.
Throughout the year we delivered eight cohorts of our in-house work experience challenges where we set
a group of students a workplace project to complete over a week during their summer holidays. The
Students Dlust a5518n positions and responsibilities within their team and work towards an end goal.
These week5 have ranged from event planning project5 Looking at mass participation sports events for
young Vl people. to awareness publicity campaisns exploring accessible tran5POTt. Over 2023/24 we
have had 45 students join our work experience weeks.
Alongside the in house work experience we also engaged with a variety 0£ businesses to (Te3te in person
work expeTience opportunities for the young people that we support. Work experience placements were
a￿anged with: Cadent Gas, EdenTree Investment Management, Nicholsons and Co, British Heart
Foundatiow Forte￿ Dorset Museum, Moorfields, Vecar Digital Progranunin& British Psychological
Society, Tesco.
Finance
We have continued to work hard to raise the ￿antS needed to maintain the operation.
Fundraisins has been challengin& but it is carried out successfully by Dan Mitchell, and we have
benefited from our applications complying with the grant makers, policies, and by reportin8 on our uses
of their grants on time and in detail.

The Blind in Business Trust
The charity has no formal or contractual links, parinerships or subsidiary a8reements with any other
tharities, and relies entlrely on funding from gTant-makins bodies, companies and individuals.
Reserves PolA
The TTUStees aim to ensure that reserves of at least six months of expenditure are maintained. We are
fortunate in having at least nine months, reserves at the end of the financial year.
This wiIl enable the Charity to:
{a)
operate in a sound manner as a going concern even durins any temporary slow-down in
fundraisingp and/or
(b)
be operated and wound up in an orderly fashion in the event of a decision by the Trustees to
cease operations. The level of reserves required is reviewed and awed a1￿UallY by the Trustees based on
a Tecommendation from the Treasurer. In considering the appropriate level the Treasurer and the
TTUStees have regard to the CU￿eTrt and expected operating expenses of the Trust and will seek to
maintain sufficient funds to cover these expenses.
Investment
owers and olic
The charity has the power to Anvest in any way the Trustees see Eit. hi practice, in view of the size of the
charity and therefore the relatively low level of reserves, assets are held in cash at bank including on
short term deposit at banks.
In 2024 the Trustees researched and agreed upon using the Insignis investment platforni. This combines
accessing a variety of saving accounts only with positive interest rates. so the Charity can benefit from
hisher interest rates on reserves.
Financial erforniance
Income and ex
enditure
Our total income this year was £398,775 {2023'. £250,531) and our total expenditure was £335,13912023:
£295,152). This 15 a surplus of £63.636. In the 2023/2024 fiscal year the Trust ratsed fj98,775, an increased
amount of income on the previous year (2023: £250,531).
Restricted reserves weTe £286,529 (20J: £165,755). u[￿eStrICted reserves were in a deficit of -£84,392
(2013: _£27,254).
The Trust will look for opportunities to increase its activities throush new projects as they arise and
where there are committed grant-makers. There is a concentrated effort to remove the historic
unrestricted reserves deficit by seeking long teTni funding from Tespected TTh￿t5 and Foundations
throughout the UK.
Future Develo
ments in the Chari
The Trust will continue to work in the various ways we have described above.
School leavers, S￿dents and graduates have continued to seek our help by email and phone and Eace to
face.

The Blind in Business Trust
We will continue to draw on our larse numbers of past candidates, and our professional volunteers and
alumni to offer mentoring and support to new candidate5.
We will continue to visit universities or work virtually to attract students to our services. particularly
when they graduate. We ask all we work with to tell others about our work. as word of mouth continues
to be a strons introduction to our services.
We will continue to work with school aged children and school-leavers, includins their families to
develop theiT confidence and aspirations of employment.
We will explore new ways to attract $18ht impaired students and encourage them to WOTk with our free
employment service. This will include developins our social media, marketing and PR strategy to
support the Tn￿t'S activities.

The Blind in Business Trust
Thanks
We are particularly grateful for generous donations from the City Bridge Foundation, EdenTree. The
Band Trust, The Powell Family Foundation and the Thomas Pocklinston Trust.
We re￿iVed a substantial legacy from the late Ernest Alfred Durieu. We thank the Trustees of the Lesacy
for considering Blind in Busine5S.
Some funders remain anonymous and at their request have been removed from this list.
The Livery Companies of the City of London have been generous in their donations. They are the
Worshipful Companies of: tnsurers, Coopers, Clothworkers, Li8htmongers, Cordwainers, Brewers,
Baron Davenport Charity
Bentley Motors
Big Lottery Awards For All England
Big Lottery Awards For All wales
Big Lottery Community Fund
Cadent Gas
Charles S French Charitable Trust
Christopher Rowbotham Charitable Trust
Dentons
Dorothy Hay-Bolton Charitable Trust
Dumbreck Charity
Eveson Charity
Gowling WLG
Koolesh Shah Family Foundation
Lillie C Johnson Charity
London Stock Exchange Group (LSEG)
M&G PLC
Marsh Christian Trust
Persula Foundation
Portal Trust
Slr James Roll Charitable Trust
Steel Charitable TTUSt
Ulverscroft foundation
Vision Foundation & Fight for Sight
Weinstock Fund
WO Street Charitable Foundation
Woodroffe Benton Foundation
WS Law
Zochonis Charitable Trust
Approved by the Board of TTU5tee5 on .........16/10/24.......... and signed on behalf by:
Jane CathralL Chair
Robert Keller, Treasurer
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The Blind in Business Trust
Independent Examinerfs Report to the Trnstees of The Blind in Business Trust for the year ended 31
March 2024
I report to the charity trustees on my examination of the accounts for the year ended 31 March 2024, which
are set out on pages 12 to 24.
Responsibilities and bagis of report
As the charitYs trustees you are respo￿lbIe for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the Act.
Independent exaJninerf5 Statement
I have cornpleted my exaniinatiorn I Confir￿ that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting Tecords were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements Concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Helen Cain FCA
Mercer & Hole LLP
21 Lombard Street
London
EC3V 9AH
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The Blind in Business Trust
Statement of Financial Activities for the
ear ended 31 March 2024
Unrestricted Restricted
Total Unrestricted Restricted
Total
funds
funds
2024
funds
2023
Notes
Income from
Donations, le8acies and other
income
78,062
1,215
319,498
397560
1,215
69,155
361
181.015
250,170
361
Investments
Total income
79,277
319,498
398.775
69.516
181,015
250,531
Expenditure on
Raising funds
17,827
17,827
18,311
18.311
Charitable activities
118,588
198.724
317.312
99.566
177,275
276,841
Total expenditure
136,415
198,724
335,139
117,877
177,275
295,152
Net income/ (expenditure)
(57.138)
120,T74
63.636
(48J61)
3,740
(44.621)
Transfer8 between funds
Net movement in funds
57.138
120,744
63.636
48,361
3.740
44,621
Reeonciliation of funds:
Total funds brought forward
14
(27,254)
165,755
138,501
21,107
162,015
183,122
Total fund$ carried forward
14
84,392
286529
201137
27,254
165,755
138,501
All income and expenditure are derived from continuing operations.
The Trnst has no recognised gains or Ios5e5 foT the year ended 31 March 2024. There is no material
difference between the results shown above and the results on an historical cost basis.
12-

The Blind in Business Trust
Balance Sheet as at 31 Matth 2024
2024
2023
Notes
Fixed assets
Tangible assets
io
8.023
5,344
Current assets
Debtors
li
8,323
238,689
247,012
34.266
164,123
198,389
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year
12
52,898
65.232
Net cu￿ent assets
194114
133,157
Net assets
202,137
138,501
Total Charity Funds
Unrestricted funds
14
(84,392)
(27.254)
Restricted fund5
14
286529
165.755
Total funds
202,137
138,501
Approved by the Board of Trustees on .. ......16/10/24.......and signed on its behalf by:
Trustee: Jane Cathrall
13-

The Blind in Business Trust
Noteg fonnin
art of the financtal statements Eor the
ear ended 31Jt March 2024
l. Accounting policles
The principal accounting policies which are adopted consistently in the preparation of the financial
statements aTe Set out below.
Basis ofaccounting
The financial statements have been prepaTed in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with
the Financial Reporting StandaTd applicable in the UK and Republic of Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011, and UK Generally Accepted Accounting Practice.
The financial statements do not include a cash flow statement because the Charity, as a small reporting
entity is exempt from the requirement to prepare such a statement under Update Bulletin I, Charities SORP
(FRS 102).
The financial ststements have been prepared to give a 'tnJe and fairf view and have therefore necessarily
departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to
provide a 'true and fair, view. This departure has involved following the Statement of Recommended
Practice: Accounting and Reporting by Charities applicable to charities PTeparins their financÈal statements
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) issued on 2 October 2019 rather than the Statement of Recommended Practice: Accounting and
Reporting by Charities effective from l April 2005, which has since been withdrawn.
The financÉal statements are prepared in sterlin& which is the functional currency of the charity. Monetary
amounts are rounded to the nearest £.
InC0￿e
Income is accounted for on an accruals basis in the period in which the charity is entitled to receipt and
where the amount can be measured with Teasonable certainty. The main categories of incozne are:
Donations and legacies which are in response to funding requests
Grants receivable which have been awarded to pay for specific costs
Fee5 for services and use of equipment
Donations for the use of Blind in Business consultins servi￿$
Investment Income (interest only)
Gouernment grartts
Government srants are reco8nised at the fair value of the asset received or receivable when there 15
reasonable assurance that the grant conditions will be met and the 8rants will be received. A grant that
specifies performance conditions is Tecosnised in other income when the Performan￿ condition5 are met.
Where a grant does not specÉfy peTformance conditions it is recogni5ed when the proceeds are received or
receivable. A Srant received before the TecO￿ltiOn criteria are satisfied is recognised as a liability.
Defrrred income
Restricted income received during the year is only deferred if the donor has specifically requested that it is
for a period or activity beyond the current year. It is then brought into the accounts in the appropriate
period.
-14-

The Blind in Business Trust
Accrued incoine
tncome is accrued where funding has been agTeed for a period and the expenditure incuned but the donor
has yet to release funds. This occurs in some instances when a retum is required after monies have been
spent to enable funds to be Teleased.
Intangtble income gifv In kind
Fixed assets donated to the eharity aTe included as donation income at valuation at the time of receipt.
Donated facilities and services are included in income at a valuation which is an estimate of the flnancial
cost borne by the donor where such a cost is quantifiable and measurable. No income 15 reCO￿1Zed where
there is no Einancial cost borne by a third paty. No amounts are included in the financial statements for
services donated by volunteers.
Expenditiire
Expenditure is reco8nised in the period in which it is incurred on an accruals basis.
Choritable expenditure
Includes all costs relating to delivering the eourses, employment services, ￿ equipment and raising the
awareness of everyone to the needs and opportunities of sight impaired children and graduates.
Governance costs
All costs that directly relate to the governance of the charity. This includes the examiner's fee and the
proportion of accountaney work that relates to governing the charity.
Cost ofgeneratingfynds
These include the salaries. direct expenditure and overhead costs of the staff and volunteers who undertake
fund-raisins activities.
Support C05t5
Support costs Tepresent the costs of the office and the costs incurred by staff directly providins support to
projects and other activities in furtherance of the obj.ects of the charity, ineludin8 managemenL supervision,
training and technical support.
Basi5 ofullocalion
Basis of allocation reflects the method used to allocate costs.
Activity cost
Allocated for individual transactions
Floor Space
Allocated on the floor space used by that activity stream
Staff Time
Allocated on the basis of staff time spent
Usage
Allocated on a fixed % basis a8reed for each year.
Stnff costs and emoliiments
Blind in Business makes contributions to staff personal pensions. These costs are char8ed in the accounts
as incurred.
Funds
Reslricfedfvnd5
Restricted funds comprise the amount of donation income which. at the request of the donor, may be
applied only for a specific purpose. The funds thus reserved will be released onIy to meet expenses
incurred for that purpose or where the donor consents to a different application of the funds.
Unrestrictedfvnds
-15-

The Blind in Business Trust
General funds are unrestrkcted funds which are available for use at the discretion of the Trustees in
furtherance of the general obiectives of the charity.
The Trustees monitor the size of the funds to ensure they remain in Proportion to the activities of the Trust.
Opertzting lease
Rentals applicable to operating leases are charged to the statement OE financial activities on a straight-line
basis over the lease ternL
Fixed assets
Assets with a purchase price ￿eater than £2,000 are capitalised at cost. Depreciation is charged on a
straight-line basi5 $0 as to write off each asset over its estimated useful life,. typically 4 years for fixtures
and fitttngs, and 3 years for computer equipment. Where assets are purchased as part of a project the assets
are fully written off in the yeaT of purchase. The Trustees believe this policy is prudent given the nature of
the asset purchased and the potential for loss of control over PToject assets, for example where they are
donated to schools, other organisations or individuals.
VAT
Value Added Tax suffered by Blind in Business is not recoverable and is charged to the SOFA or capitalised
as part of the cost of fixed assets as appropriate.
2. Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Unrestricted
funds
2023
Restrieted
funds
2023
Total 2024
Total 2023
Individuals
1,061
1,061
1394
2,394
Charitable
foundations
319.498
396,499
66,761
181,015
247,776
78,062
319,498
397.560
69.155
181,015
250,170
3. Income from investments
2024
2023
UK bank interest re￿1vable
1,215
361
16-

The Blind in Business Trnst
4. Expenditure on raising fund8
2024
2023
Staff costs
17.095
732
17,527
Office expenses
17,827
18,311
5. Expenditure on charitable actÈvities
2024
2023
Staff costs
216,416
17,115
57,788
4,412
10,119
5882
I86,￿9
2,904
68,090
1.521
8,675
4602
Travel costs
Office costs
Equipment costs
Professional fees
Depreciation
Expenditure on charAtable
activities, excluding governance
costs
311,732
271.801
Governance costs:
Independent examinerfs
remuneration
3,980
1,600
317,312
3,120
1,920
276,841
Accountancy services
6. Total resources expended
Staff
Direct
Support
Costs
Total
2024
Staff Direct Support
costs
Costs
Total
2023
costs
Notes
Raising funds
Charitable activities
Governance costs
17,095
216,416
732
8,719
5.580
17,827 17527
311,732 186,009 16,206
5580
5.040
18,311
69,586 271,801
5,LllO
86,597
Total
233,511
15.031
86,597
335,139 203,536 22,030
69586 295,152
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The Blind in Business Trust
7. Net income/(expenditure)
This is slated after charging:
2024
2023
Examiner's fee
3,980
11,719
5,882
1,986
23,567
3,120
8.675
4.602
Accountancy servi￿5
Depreciation
Loss on disposal
16,397
8. Emoluments of employees
No employee emoluments during the year, as defined for taxation purposes, amounted to over £60,000
(2023 - £60,000).
The Trnstees have received no remuneration or reimbursement of expenses incuned in the couJse of their
duties.
The average number of employees analysed by function on a Eull time equivalent (FfE} basis was as
follows:
2024
2023
Generating funds
Charitable activity
0.60
o.io
532
4.48
5.92
4.58
2024
2023
Wages and salaries
Employer social security payments
Employer pension contributions
209,878
11,641
11,989
173A41
18,978
11.117
233508
203536
9. Pen$ion costs
For qualLfyins employees (those with more than six months, service) the charity contributes to the
employee's chosen personal pension fumd, up to IO% of their 8ross salary on condition that the employee
18-

The Blind in Business Trust
makes contributions of his or her own. On this basis the charity does not run an occupational pension
scheme.
10. Tangible fixed assets
offi￿ Fixtures and
equipment
Fittings
Total
At cost
At 01/04/23
Additions durins the year
Disposals during the year
At 31/03/24
18,297
10,547
6,944
21.9￿)
2,335
20,632
10547
9,279
2,355
21,900
ciation
At 01/04/23
Charge for the yeaT
Disposals in the year
At 31/03/24
14,488
5,493
6,104
13.877
800
15,288
5882
7.293
13.877
389
1,189
Net book value at 31/03/24
Net book value at 01104/23
8.023
8,023
3,809
1,535
5244
All fixed assets are held for direct charitable purposes.
All disposals were disposed or siven to charity - no proceeds have been received due to disposals.
11. DebtOTS
2024
2023
Trade debtors
Accrued income
193
8,962
15,355
2,126
7,823
Piepayments
Other debtors
95
8,035
8.323
34,266
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The Blind in Business Trust
11 Czeditors: amounts failing due within one year
2024
2023
Creditors
Trade creditor5
3,051
9,677
18,879
4,625
29,(KJO
Taxation and social security
Other creditors
5,661
17,762
7,142
22.333
Accruals
Deferred income
52,898
65,232
Deferred income
Balance brought forward
Income deferred in the year
Released in the year
29,OtKi
51,750
(58AIT)
{21000)
65,120
{58,120)
Balance carried forward
22.333
29,000
13. Conimitments: operating leases
At the reporting end date, the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating lease5, which fall due as follows:
2024
2023
Within one year
Between two and five years
1,994
25,476
80,673
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The Blind in Business Trust
14. Accumulated funds
Analysis of movements in funds - current year:
Balance at
01/04/23
Movement in resources
aosins balance
before transfers
31/03124
tncoming Outgoin8
Unrestricted fund
27,254
165.755
79,277
319.498
136.415
198.724
(335,139)
84.392
286529
Restricted funds
138501
398,775
202,137
Transfer between fund$
aosins balance
before transfers
aosins balance
after transfers
Incoming
Outgoing
Unrestricted fund
84,392
286529
84J92
286,529
Restricted funds
201137
202,137
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The Blind in Business Trnst
Analysis of movements in funds - previous year."
Movement in resour￿5
Incomin8
Closing balan
before transfers
31/03/23
Balance at
01/04/22
Outgoing
U￿estrICted fund
21,107
162.015
69516
181,015
250,531
117,87
177.275
(295,152)
27254
165,755
138501
Restricted funds
183,122
Transfer between funds
Closing balance
before transfers
a05ing balance
after transfers
tncoming
Outgoing
Unrestricted fund
27,254
165,755
27,254
165,755
Restricted funds
138,501
138,5)1
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The Blind in Business Trust
15. Balance sheet analysis by fund
Unrestricted
fund
Restricted
fund
Total
2024
Unrestricted
fund
Restricted
fund
Total
2023
Fixed Assets
7,665
358
8,023
4,150
1.194
Current assets
Debtors
Cash at bank and
in hand
Total cutTent
assets
2.903
5,420
8,323
12,779
21,487
34,266
44295
283.084
238,689
12549
151574
164.123
(41,492)
288,504
247,012
25,328
173,061
198,389
Current liabilitie5
Creditors
50,565
2,333
52,898
56,732
8,500
65,232
Net current
assets/(liabilities)
(92.05T)
286,171
194,114
(31,404)
164561
133,157
Net
assets/(liabilities)
{84292
286.529
202,137
(27,254
165.755
138,501
16. Related party transactAons
Remuneration of kry m&nngement per50nnel..
A total of £121776 (2023.. £125,330) wa5 paid to key management personnel during the year.