2022-06-30-accounts - The Sheffield Royal Society For The Blind

Mappin Street Centre

Cairn Home

Residential

Sight &Sound

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

		Page
Trustees' report
Independent auditors'	report	10
Statement of Financial	Activities	13
Balance sheet		14
Cash flow statement		15
Notes to the financial	statements

Charity registration	Charity registration	number:	1047257
Company	registration	number:	03053277
Patron:			The Earl ofScarbrough			DL
Directors	and Trustees:		Mr R A Frost (Chairman)
			Mr SG Blacksell
			Mr BSCampbell	(Resigned 3" February 2022)
			Mr E Hill
			Mrs K M Hulse
			Mr P W Lee (Deceased			29'" October		2021)
			Mr RJ Nolan
			Mrs CJ Pattison
			Mr D W Shepherd	(Resigned 15a			November		2022)
			Mr N Wragg OBE Ms D Kaur (Appointed			5'" May 2022)
			Mr G Smith (Appointed			20'" November		2022)
Ambassadors:			Mr A P Cooper
			Mr J Campbell DrSDunkley (Until 23" November 2021) Mrs A Murphy (Deceased 23" December 2022)
			Mr SWheatcroft
			Mr M Skelton
Chief Executive:			Mrs J Ardern
Registered	Office:		5 Mappin Street,
			Sheffield,
			S1 4DT
Bankers:			Virgin Money
			Fargate
			Sheffield
			S1 1LL
Auditors:			Hawsons Chartered		Accountants
			Statutory Auditor
			Pegasus House
			463a Glossop Road
			Sheffield
			S102QD

ll tr	us	tees served throughout the year, except where	noted.
Mr	R	A Frost (Chairman)	Mr P W Lee CBE	(Deceased 29'" October	2021)
Mr	S	G Blacksell	Mr RJ Nolan
Mr Mr	B E	SCampbell (Resigned 3" February 2022) Hill	Mrs CJ Pattison Mr D W Shepherd	(Retired 15"November	2022)
Ms Ms	K D	M Hulse Kaur (Appointed 5'" May 2022)	Mr N Wragg OBE Mr G Smith (Appointed 20'" November 2022)

The Sheffield Royal Socloty for the Bllnd Independent audltors, report to the members of The Slffield Royal Society for the Bllnd (contlnuad} The charitable company 15 subj.ect to laws and regulatr'ons that dirwuy arml indireGtly affect the firncl1 statements. Based on our understanding of the ch¥itable company the envronment il operates within, we determined that the laws and regulalK)ns which wer8 most sNJnrficant induded FRS 102, Compan5 Act 2006, Health and Safety regulalions and the Charities Act 2011. We consKJered the extent to whh nonllc0mp1iaTe with these laws and regulations might have a material effect on the finanryal siatemenls, indudir¥J howfraud might occur. We evaluated managem8nl's incentives and opportunities for fraudulent manipulation of the financral 5taiemen15 {induding the risk of override of Contr(s}, and determined that the pyinrypal risks were related lo the posting of inapproprialo j¢)urnal 8nlries to improve the company's result for the Perd. and fflanagemenl bias in key accounting eslimales. ALEdit pYolureS performed by th8 engagement team irduded: Discussions with management and th)se responsible for18gal comFdiance procedures wrf(hin the charitable company lo obtain an ulerS1arK1ln9 of the legal and rewlaw framework applicable to Ihe charitable company and how the charilalJe company complw that framework, induding consideration of known or suspecled instsnces of n0rpcompl1are with laws and regulalions and fraud" Rewewing minutes of Trustee meetings. Idenlfying and assessing the desKJn effectNeness of corrtrols that management has in place lo prevent and delecl fraud and non-compliance with lawB aThJ regulat#)ns.' Challenging assumptions and judgements made by management in thr signifant accounting estimates. Identrfying and te$ling jwrnal entries. in partKuW any journal entries pogted with unusual a¢¢ounl mbinations or p)sled by senior managemenL There a Inherent limltslions In the audlt procedu$ des¢ribed above a1 the more removed mn-compliance with laws and re9ulallons is from Ihe events and transactions reflected in Ihe financiat statements, the less likely we are lo become aware of it. Also. the risk of rx)t detecting a malerk91 misstatement due to fraud is higher than the risk of nol detecting one resulting from error. as frd may inv(4ve delitwate concealment by, for example. forgery or intentional misrepresentalions, or Ihrough collusn. A hjrther description of responsibililies is aVaae on the Financial Reporting C(NJncA's website at: V4w.frc.org.ukJaudiloTslaudit-assurancelauditor-s-responSibilities4or4he-audit-of-the-fdescrjPt1on-0f-1he- audilor's-responsibilities-for. This de5ptIOrI fwms part of our auditorf$ reptyl. Use of our roport This rep(Kt is made solely to the th¥btab CoMpanS members. as a iM)dy. in accordance wilh Chapter 3 of Part 16 of the Companies Acl 2¢J)6. Our wjdit work has been undertaken so that we might slate lo the charilabl8 company's members those matters we are required to state lo them in an auditorfs report and for no other purpose. To the fullest extent pwmitted by law. we not cept or a5wme responsibilty to anyone other than the charltable company and the chwitable company's members as a b(, our audit f thi5 report, (Y for the opinions we have formed. Simon Bladen. Senior Statutory Auditor For and on behalf of Hawsons Chwlered AC£jn1aDt$, sbtul¢i Auditor Pegasus House 463a Glossop Road Sheffield S10 2QD Date-. 12

			Unrestricted	Restricted	Endowment	2022	2021
		Notes	Funds E	Funds F	Funds F	Total 6	Totalf
Incoming Resources
Donations and gifts			101,295	67,713		169,008	123,427
Legacies			248,100			248,100	143,397
Contract and grant	income		212,331			212,331	231,479
Residential home fees			1,012,617			1,012,617	1,004,799
Government grants COVID	for		23,724			23,724	138,041
Investment income			284,888		1,068	285,956	252,189
Release of deferred
income from disposal of Mappin Street leasehold			5,000			5,000	5,000
interest
Total incoming resources			1,887,955	67,713	1,068	1,956,736	1,898,332
Resources expended
Raising funds		4	95,741			95,741	70,941
Charitable activities		4	1,896,683	25,216	1,068	1,922,967	1,895,303
Total resources expended			1,992,424	25,216	1,068	2,018,708	1,966,244
Net gains/(losses) investments	on		(66,680)			(66,680)	588,956
Profit on disposal asset	of		12,000			12,000	2,000
Net (expenditure) /income			(159,149)	42,497		(116,652)	523,044
Transfers between	funds
Net movement in	funds		(159,149)	42,497		(116,652)	523,044
Funds brought forward			7,582,011	27,799	26,774	7,636,584	7,113,540
Funds carried forward			7,422,862	70,296	26,774	7,519,932	7,636,584

					Notes
						30June	30June
						2022	2021
						8
Fixed Assets
Tangible assets						1,114,553	1,211,100
Investments						6,684,369	6,928,104
						7,798,922	8,139,204
Current Assets
Stock						17,294	19,577
Debtors						307,821	182,239
Cash at bank and	in	hand				284,117	151,472
						609,232	353,288
Creditors —amounts		falling due within one		year		(203,222)	(165,908)
Net current assets						406,010	187,380
Total assets less	current		liabilities			8,204,932	8,326,584
Creditors —amounts		falling due after one year				(685,000)	(690,000)
Net Assets						7,519,932	7,636,584
Charity Funds
Revaluation fund					10	1,675,870	2,081,907
General funds					10	5,746,992	5,500,104
Total unrestricted	funds					7,422,862	7,582,011
Restricted funds					11	70,296	27,799
Endowment funds					12	26,774	26,774
Total Charity Funds						7,519,932	7,636,584

Cash Flow Statement
Year ended 30June 2022
	Notes	2022	2021
		8
Cash flow from operating activities	14	(312,784)	(158,486)
Cash flow from investing activities
Dividends and interest received		273,134	236,738
Purchase oftangible fixed assets		(16,760)	(89,508)
Proceeds from sale oftangible assets		12,000	2,000
Proceeds from sale of investments		934,877	67,464
Purchase of investments		(757,822)	(224,789)
Net cash flow from investing activities		445,429	(8,095)
Net increasel (decrease) in cash and cash equivalents		132,645	(166,581)
Cash and cash equivalents at 1 July		151,472	318,053
Cash and cash equivalents at 30June		284,117	151,472
Cash and cash equivalents consist of:
Cash at bank and in hand		284,117	151,472
Cash and cash equivalents at 30June		284,117	151,472

				Fund-	Cairn	Mappin		Gover-	Total	Total
				raising	Home	Street	Rotherham	nance	2022	2021
				8	8	E		6	8	6
Direct costs
Staff costs				67,070	811,786	325,296	118,683		1,322,835	1,309,967
Depreciation					57,223	45,065	3,407		105,695	109,653
Catering costs					56,973				56,973	61,570
Client transport			costs		8,937		3,344		12,281	17,250
Residential subsidy	fees				24,929				24,929	12,756
Holidays and		outings				80			80	3,141
Other direct costs	welfare				2,974	39,588	8,697		51,259	16,418
Staff travel costs						11,692	192		11,884	8,824
Property and
equipment					74,914	30,557			105,471	107,646
maintenance		costs
Heating and		lighting			33,299	24,284			57,583	40,019
Other establishment costs				21,070	27,287	8,725	12,611		69,693	64,911
Audit fee								15,644	15,644	13,853
Legal and professional					506	2,147	4,501		7,154	18,918
				88 140	1 098828	487434	151435	15644	1 841,481	1 784926
Allocated costs
General office,
finance and				7,601	30,402	76,005	38,003		152,011	166,020
management		staff
				7,601	30,402	76,005	38,003		152,011	1,950946
Restricted	funds
Depreciation							7,613		7,613	15,112
Other establishment costs						1,900			1,900
Legal and professional							7,835		7,835
Other direct costs	welfare					348			348
Property and
equipment						7,520			7,520
maintenance		costs
						9,768	15,448		25,216	15,298
Total funds				95,741	1,129,230	573,207	204,886	15,664	2,018,708	1,966,244

Staffcosts
	2022	2021
	5	F
Wages and salaries	1,303,830	1,327,595
Social security costs	92,594	88,835
Pension costs	43,781	48,513
Other costs	7,982	11,044
	1,448,187	1,475,987

Tangible fixed assets
	Long	Freehold
	leasehold	Land and	Motor	Fixtures and
	buildings*	buildings	Vehicles	fittings	Total
			F		6
Cost or valuation
At 1 July 2021	757,682	1,073,028	270,129	530,134	2,630,973
Additions Disposals		1,322	~54.232	15,438	16,760 ~54,232
At 30June 2022	757,682	1,074,350	215,897	545,572	2,593,501
Depreciation
At 1 July 2021	181,604	559,733	241,411	437,125	1,419,873
Charge for the year Disposals	15,160	53,759	9,071 ~54,232	35,317	113,307 ~54.232
At 30June 2022	196,764	613,492	196,250	472,442	1,478,948
Net book value
At 30June 2022	560,918	460,858	19,647	73,130	1,114,553
At 1 July 2021	576,078	513,295	28,718	93,009	1,211,100

	Listed
	investments
Valuation
At 1 July 2021	6,928,104
Additions	757,822
Loss on Revaluation	(66,680)
Disposals	~934,977
At 30June 2022	6,684,369
Historical Cost at 30June 2022	5,008,497

Debtors
	2022f	2021f
Other debtors	85,752	47,282
Prepayments	25,740	23,449
Accrued income	196,329	111,508
	307,821	182,239

Creditors
		2022	2021
Amounts	falling due within one year
Other taxation and social security		23,647	17,737
Other creditors		82,803	59,074
Accruals		96,772	89,097
		203,222	165,908
		2022	2021
Amounts	falling due after more than one year	6
Deferred	income	685,000	690,000

	General	Revaluation	Restricted	Endowment
	funds	fund E	funds	fundsf	Total
At 1 July 2021	5,500,104	2,081,907	27,799	26,774	7,636,584
Incoming resources	1,887,955		67,713	1,068	1,956,736
Expenditure	(1,992,424)		(25,216)	(1,068)	(2,018,708)
Gain on investments	339,357				339,357
(Loss) on investments unrealised		(406,037)			(406,037)
Gain on disposal of assets	12,000				12,000
At 30June 2022	5,746,992	1,675,870	70,296	26,774	7,519,932

	2021								Balance at	Incoming	Resources	Balance at
									1 July	resources	expensed	30June
									2020			2021f
	Restricted		funds
	Department			oftransport			grant		7,154		(7,154)
	Norman	Bradbury			Award				1,516	500	(186)	1,830
	Primary	Club							2,000			2,000
	Rotherham		Minibus			Appeal			29,752		(7,438)	22,314
	SADA								264		(264)
	Sheffield	YP		Life	Skills Trust			1	1,110		(68)	1,042
	Sheffield	YP		Life	Skills Trust			2	801		(188)	613
	Total								42,597		(15,298)	27,799
12.	Endowment			funds
									At 30June			At 30June
	2022								2021	Income	Expenditure	2022
									f	f	f	f
	Earnshaw Henrietta		Trust Kitchin		Will Trust				11,851 14,923 26,774	473 595 1,068	(473) ~595 ~1,068	11,851 14,923 26,774
									At 30June			At 30June
	2021								2020	Income	Expenditure	2021
									f	f	f	f
	Earnshaw Henrietta		Trust Kitchin		Will Trust				11,851 14,923 26,774	473 595 1,068	(473) ~595 ~1,068	11,851 14,923 26,774

Analysis	of net assets between funds
2022
		Restricted	Unrestricted	Endowment
		funds	funds	funds	Total
		E	E	F	E
Tangible	assets	15,644	1,098,909		1,114,553
Investments			6,657,595	26,774	6,684,369
Net current assets Deferred income		54,652	351,358 ~685.000		406,010 ~605,000
		70,296	7,422,862	26,774	7,519,932
2021
		Restricted	Unrestricted	Endowment
		funds	funds	funds	Total
		E	F.	E	F
Tangible	assets	23,970	1,187,130		1,211,100
Investments			6,901,330	26,774	6,928,104
Net current assets Deferred income		3,829	183,551 ~690.000		187,380 ~690,000
		27,799	7,582,011	26,774	7,636,584

					2022	2021
					E	F
	Net movement in funds				(116,652)	523,044
	Dividends and interest received				(273,134)	(236,738)
	Depreciation				113,307	124,765
	Loss / (gain) on investments				66,680	(588,956)
	Profit on disposal offixed assets				(12,000)	(2,000)
	Decrease in stock				2,283	1,974
	(Increase)/decrease in debtors Increase/(decrease) in creditors Net cash oufflow from operating	activities			(125,582) 32,314 ~842,284	48,566 ~20, 141 ~158.486
15.	Analysis ofnet debt
			1 July		Non-cash	30June
			2021	Cash flow	Movements	2022
			E		F	E
	Cash at the bank and in hand		151,472	132,645		284,117
			151,472	132,645		284,117