2021-03-31-accounts - Wales Council Of The Blind

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

								Page
Trustees'	annual report (incorporating				the	director's	report)
Independent		examiner's report to the			trustees
Statement expenditure		offinancial account)	activities	(including		income and		12
Statement		offinancial	position					13
Notes to	the financial		statements					15

				2021			2020
		Unrestricte		Restricted	Total
			d funds	funds	funds	Total funds
		Note	8	F	8		5
Income and endowments Donations and legacies Charitable activities Investment income		5 5 7	156,553 4,254		158,553 4,254		181,228 540 4,821
Total income			160,807		160,807		186,589
Expenditure
Expenditure on raising funds:
Costs ofother trading activities		8	1,007		1,007		1,266
Investment management costs		9	3719		3,719		3,775
Expenditure on charitable activities		10,11	142,299	3,100	145,399		207,542
Total expenditure			147,025	3,100	150,125		212,583
Net gains/(losses) on investments		13	22,087		22,087		(12,655)
Net income/(expenditure) movement in funds	and	net	35,869	(3,100)	32,759		(38,649)
Reconciliation offunds Total funds brought forward			249,476	3,100	252,578		291,225
Total funds carried forward			285,345		285,345		252,576

									Total
							Unrestricte	Restricted	Funds
							d Funds	Funds	2020
									F
	Other donations Other income		and	legacies			8,700		8,700
							23,576	157,652	181,228
6.	Charitable	activities
							Total		Total
						Unrestricte	Funds	Unrestricte	Funds
						d Funds f	2021	d Funds	2020
	Promoting	Welfare						540	540
7.	Investment	income
							Total		Total
						Unrestricte	Funds	Unrestricte	Funds
						d Funds	2021	d Funds	2020
						E	E		F
	Income from listed		investments			4,254	4,254	4,821	4,821
8.	Costs ofother trading			activities
							Total		Total
						Unrestricte	Funds	Unrestricte	Funds
						d Funds	2021	d Funds	2020
	Fundraising	costs				1,007	1,007	1,266	1,266
9.	Investment	management			costs
							Total		Total
						Unrestricte	Funds	Unrestricte	Funds
						d Funds	2021	d Funds	2020
							F
	Porffolio management					3,719	3,719	3,775	3,775

Expenditu	re on charitable acti	vities by fund type
				Total
		Un restricte	Restricted	Funds
		d Funds F	Funds f	2021
Promoting Welfare Support costs		123,194 19,105	3,100	126,294 19,105
		142,299	3,100	145,399
				Total
		Unrestricte	Restricted	Funds
		d Funds f	Funds	2020 E
Promoting	Welfare	30,560	154,552	185,112
Support costs		22,430		22,430
		52,990	154,552	207,542

Expenditur	e on charitabl	e activities by activ	ity type
		Activities
		undertaken	Support	Total	Total fund
		directly	costs	lunds 2021	2020
		F	F.		F
Promoting	Welfare	126,294	15,755	142,049	203,591
Governance	costs		3,350	3,350	3,951
		126,294	19,105	145,399	207,542

14.	Net income/(expenditure)	Net income/(expenditure)
	Net income/(expenditure)			is stated after charging/(crediting):
						2021	2020
							F
	Depreciation	oftangible	fixed assets			80	106
15.	Independent	examination		fees
						2021	2020
						F
	Fees payable	to the independent			examiner for:
	Independent	examination		ofthe	financial statements	2,520	2,520

The total staff costs an as follows:	d employee	benefits for the	reporting period are	analysed
			2021	2020
Wages and salaries			99,608	96,942
Social security costs			6,109	6,806
Employer contributions	to pension	plans	3,103	3,130
			108,820	106,878

Employer contributions to p	Employer contributions to p	ension plan	s		3,103 3,130 108,820 106,878	3,103 3,130 108,820 106,878	3,103 3,130 108,820 106,878
The average head count of		employees	during	the	year was 3(2020:3).The
average	number offull-time	equivalent	employees		during	the year is
analysed	as follows:					2021	2020
						No.	No.
Project	staff					3	3

No transfers between general funds and design year (2020:f12,500). Tangible fixed assets	ated funds took place d	uring the
	Equipment k	Total f
Cost
At 1 April 2020 and 31March 2021	24,289	24,289
Depreciation
At 1 April 2020	23,969	23,969
Charge for the year	80	80
At 31March 2021	24,049	24,049
Carrying amount
At 31March 2021	240	240
At 31 March 2020	320	320

Investments
	Cash or	Listed
	cash	investment
	equivalents	s	Total
		F
Cost or valuation
At 1 April 2020 Additions	9,090 127,720	196,064 123,351	205,154 251,071
Disposals Fair value movements	(127,070)	(119,278) 17,899	(245,348) 17,899
At 31March 2021	9,740	218,036	227,775
Impairment
At 1 April 2020 and 31March 2021
Carrying amount At 31March 2021	9,740	218036	227,778
At 31 March 2020	9,090	196,064	205,154

The historical E202,978). Debtors	cost ofinvestments at the year en	d date is 6206,783(20	20:
		2021	2020
Trade debtors		11,593	17,570
Prepayments Other debtors	and accrued income	17,977 120	3,406 120
		29,890	21,096

		2021	2020
			F
Trade creditors		78	1,012
Accruals and deferred	income	5,459	2,520
Social security and other taxes		2,588	2,529
Other creditors		18,750	27
		25,875	6,088

Analysis	ofnet as	sets between f	unds
					Total
			Unrestricte	Restricted	Funds
			d Funds	Funds	2021
			F	E'	E
Tangible fixed assets Investments			240 227,776		240 227,776
Current	assets		84,204		84,204
Creditors	less than	1 year	(26,875)		(26,875)
Net assets			285,345		285,345
					Total
			Unrestricte	Restricted	Funds
			d Funds	Funds	2020
			f	E
Tangible	fixed assets		320		320
Investments			205,155		205,155
Current assets			50,090	3,100	53,190
Creditors	less than	1 year	(6,088)		(6,088)
Net assets			249,477	3,100	252,577