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





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|Charity registration|Charity registration|number:|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<br>Ms D Kaur (Appointed|||5'" May 2022)||||
|||||Mr G Smith (Appointed|||20'" November||2022)||
|Ambassadors:||||Mr A P Cooper|||||||
|||||Mr J Campbell<br>DrSDunkley<br>(Until 23" November<br>2021)<br>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<br>Chartered||Accountants|||||
|||||Statutory<br>Auditor|||||||
|||||Pegasus<br>House|||||||
|||||463a Glossop Road|||||||
|||||Sheffield|||||||
|||||S102QD|||||||





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|ll tr|us|tees<br>served throughout<br>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 <br>Mr|B <br> E|SCampbell<br>(Resigned 3" February 2022)<br> Hill|Mrs CJ Pattison<br>Mr D W Shepherd|(Retired 15"November|2022)|
|Ms <br>Ms|K <br> D|M Hulse<br> Kaur (Appointed<br>5'" May 2022)|Mr N Wragg OBE<br>Mr G Smith (Appointed<br>20'" November<br>2022)|||





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The Sheffield Royal Socloty for the Bllnd
Independent audltors, report to the members of The Sl￿ffield Royal Society for the Bllnd
(contlnuad}
The charitable company 15 subj.ect to laws and regulatr'ons that dirwuy arml indireGtly affect the fir￿ncl￿1 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, Compan￿5 Act 2006, Health and Safety
regulalions and the Charities Act 2011. We consKJered the extent to wh￿h nonllc0mp1iaT￿e 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 Per￿d. and fflanagemenl bias in key accounting eslimales.
ALEdit pYo￿lureS performed by th8 engagement team irduded:
Discussions with management and th)se responsible for18gal comFdiance procedures wrf(hin the charitable
company lo obtain an u￿lerS1arK1ln9 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 n0rpcompl1ar￿e 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 th￿r signif￿ant 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 a￿1 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 fr￿d may inv(4ve delitwate concealment by, for example. forgery or
intentional misrepresentalions, or Ihrough collus￿n.
A hjrther description of responsibililies is aVa￿a￿e on the Financial Reporting C(NJncA's website at:
V4w.frc.org.ukJaudiloTslaudit-assurancelauditor-s-responSibilities4or4he-audit-of-the-f￿descrjPt1on-0f-1he-
audilor's-responsibilities-for. This de5￿ptIOrI fwms part of our auditorf$ reptyl.
Use of our roport
This rep(Kt is made solely to the th¥btab￿ CoMpan￿S 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

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|||||Unrestricted|Restricted|Endowment|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||Notes|Funds<br>E|Funds<br>F|Funds<br>F|Total<br>6|Totalf|
|Incoming Resources|||||||||
|Donations<br>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<br>home fees||||1,012,617|||1,012,617|1,004,799|
|Government<br>grants <br>COVID|for|||23,724|||23,724|138,041|
|Investment<br>income||||284,888||1,068|285,956|252,189|
|Release of deferred|||||||||
|income from disposal<br>of<br>Mappin Street leasehold||||5,000|||5,000|5,000|
|interest|||||||||
|Total incoming<br>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<br>activities|||4|1,896,683|25,216|1,068|1,922,967|1,895,303|
|Total resources<br>expended||||1,992,424|25,216|1,068|2,018,708|1,966,244|
|Net gains/(losses)<br>investments|on|||(66,680)|||(66,680)|588,956|
|Profit on disposal <br>asset|of|||12,000|||12,000|2,000|
|Net (expenditure)<br>/income||||(159,149)|42,497||(116,652)|523,044|
|Transfers<br>between|funds||||||||
|Net movement<br>in|funds|||(159,149)|42,497||(116,652)|523,044|
|Funds brought<br>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|





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||||||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<br>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<br>funds|||||12|26,774|26,774|
|Total Charity Funds||||||7,519,932|7,636,584|





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|Cash Flow Statement||||
|---|---|---|---|
|Year ended 30June 2022||||
||Notes|2022|2021|
|||8||
|Cash flow from operating<br>activities|14|(312,784)|(158,486)|
|Cash flow from investing<br>activities||||
|Dividends<br>and interest received||273,134|236,738|
|Purchase<br>oftangible<br>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<br>activities||445,429|(8,095)|
|Net increasel (decrease)<br>in cash and cash equivalents||132,645|(166,581)|
|Cash and cash equivalents<br>at 1 July||151,472|318,053|
|Cash and cash equivalents<br>at 30June||284,117|151,472|
|Cash and cash equivalents<br>consist of:||||
|Cash at bank and<br>in hand||284,117|151,472|
|Cash and cash equivalents<br>at 30June||284,117|151,472|





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|||||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<br>subsidy|fees||||24,929||||24,929|12,756|
|Holidays<br>and||outings||||80|||80|3,141|
|Other direct <br>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<br>and||lighting|||33,299|24,284|||57,583|40,019|
|Other establishment<br>costs||||21,070|27,287|8,725|12,611||69,693|64,911|
|Audit fee||||||||15,644|15,644|13,853|
|Legal and<br>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<br>costs||||||1,900|||1,900||
|Legal and<br>professional|||||||7,835||7,835||
|Other direct <br>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|





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|5,|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|



||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|
||||Full time|Part time|Full time|Part time|
|Mappin Street Centre|||18|9|15|8|
|Cairn Home|Residential|Home|30|19|30|19|
|Rotherham|Sight &Sound||1|2|1|2|
||||49|30|46|29|



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|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<br>Disposals||1,322|~54.232|15,438|16,760<br>~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<br>Disposals|15,160|53,759|9,071<br>~54,232|35,317|113,307<br>~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|





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||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|



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





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|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|



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||General|Revaluation|Restricted|Endowment||
|---|---|---|---|---|---|
||funds|fund<br>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<br>unrealised||(406,037)|||(406,037)|
|Gain on disposal of<br>assets|12,000||||12,000|
|At 30June 2022|5,746,992|1,675,870|70,296|26,774|7,519,932|





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||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<br>Henrietta||Trust<br>Kitchin||Will Trust||||11,851<br>14,923<br>26,774|473<br>595<br>1,068|(473)<br>~595<br> ~1,068|11,851<br>14,923<br>26,774|
||||||||||At 30June|||At 30June|
||2021||||||||2020|Income|Expenditure|2021|
||||||||||f|f|f|f|
||Earnshaw<br>Henrietta||Trust<br>Kitchin||Will Trust||||11,851<br>14,923<br>26,774|473<br>595<br>1,068|(473)<br>~595<br> ~1,068|11,851<br>14,923<br>26,774|





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|13.|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<br>Deferred income||54,652|351,358<br>~685.000||406,010<br>~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<br>Deferred<br>income||3,829|183,551<br>~690.000||187,380<br>~690,000|
||||27,799|7,582,011|26,774|7,636,584|



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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|F|
||Net movement<br>in funds||||(116,652)|523,044|
||Dividends<br>and interest received||||(273,134)|(236,738)|
||Depreciation||||113,307|124,765|
||Loss / (gain) on investments||||66,680|(588,956)|
||Profit on disposal<br>offixed assets||||(12,000)|(2,000)|
||Decrease<br>in stock||||2,283|1,974|
||(Increase)/decrease<br>in debtors<br>Increase/(decrease)<br>in creditors<br>Net cash oufflow from operating|activities|||(125,582)<br>32,314<br>~842,284|48,566<br>~20, 141<br>~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|





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