2023-06-30-accounts - The Sheffield Royal Society For 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' report
Independent auditors*	report	10
Statement of Financial	Activities	13
Balance sheet		14
Cash flow statement
Notes to the financial	statements	16

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 SJ Hambleton	(Appointed		4s May	2023)
			Mr E Hill
			Mrs K M Hulse
			Ms D Kaur
			Mr RJ Nolan
			Mrs CJ Pattison
			Mr D W Shepherd	(Resigned		15s November		2022)
			Mr G Smith (Appointed		20s November		2022)
			Mr N Wragg OBE
Ambassadors:			Mr A P Cooper
			Mr J Campbell
			Mr SWheatcroft
			Mr M Skelton
Chief Executive:			Mrs JArdern
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

The Sheffield Royal Society for the Blind Independent auditors. report to the members of The Sheffield Royal Society for thè Blind (continued) The charitable company is subject to laws and regulations that directly and indirectly affect the financial slalements. Based on our understanding of the charitable company and the environment it operates within, we determined that the laws and regulations which were most signrficant included FRS 102, Companies Act 2006. Health and Safely regulations and the Charities Acl 2011. We considered Ihe exlenl to which non-compliance wrth these laws and regulations might have a material effect on the financial stalemenls. including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial sl8lemenls (including the risk of override of controls). and delermined thal the principal risks were related lo the posting of inappropriate journal entries to improve the company's result for the period. and management bias in key accounting estimates. Audit procedures performed by the engagement team IlUded. Discussions with management and those reswnsible for legal complianc* prLKedures within the charitable company lo obtain an understanding of the legal and regulatory framework applicable to the charitable company and how the charitable company complies wilh that framework. induding consideration of known or suspecte¢Y instances of non-compliance with laws and regulations and fr8ud- Reviewing minutes of Trustee meetings.. Identifying and assessing the desi9n effectiveness of controls that management has in place lo prevent and delecl fraud and non•compliance with laws and regulations.. Challenging assumptions and judgements made by management in Iheir signrficanl accounting estimates. Identifying and lesling journal entries, in particular any joumal entries posted with unusual account combinations or posted by senior management. There are inherent limilalions in the audit pri)cedures described above and the more removed non-compliance with laws and regulations is from the events and transaclions refflecled in the financial statements. the les5 likely we are to become aware of it. Also, the risk of not detecling a material misstalemenl due to fraud is hher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by. for example. forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities available on the Financial RekKJrttng Council's website at- vw.frc.org.uklaudilorslaudil-assurancelaudilor-s-responsibilities-f0r-the-audit-of-the-fildescriptionf-the- audilor's-responsibililies-for. This description fomis part of our auditor's report. Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's members those matters we are reqLFired to slate to them in an auditor'5 report and for no other purpose. To the fullest extent pennitted by law. we do not a(xept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this report, or for the opinions we have fomied. Simon Bladen. Senior Slalutory Auditor For and on behalf of Hawsons Chartered ACU1ants. Statutory Auditor Pegasus House 4638 Glossop Road Sheffield S10 2QD Dale: .... 12

		Unrestricted	Restricted	Endowment	2023	2022
	Notes	Funds	Funds E	Funds f	Totalf	Total
Incoming Resources
Donations and gifts		103,038	117,265		220,803	169,008
Legacies		225,802			225,802	248,100
Contract and grant income		229,604			229,604	212,331
Residential home fees		1,158,195			1,158,195	1,012,617
Government grants for COVID						23,724
Investment income	3	299,633		1,068	300,701	285,956
Release ofdeferred
income from disposal of Mappin Street leasehold		5,000			5,000	5,000
interest
Total incoming resources		2,021,772	117,265	1,068	2,140,105	1,956,736
Resources expended
Raising funds	4	119,212			119,212	95,741
Charitable activities	4	2,213,788	48,000	1,068	2,262,856	1,922,967
Total resources expended		2,333,000	48,000	1,068	2,382,068	2,018,708
Net (losses) on investments		(251,744)			(251,744)	(66,680)
Profit on disposal of assets		17,000			17,000	12,000
Net (expenditure)/income		(545,972)	69,265		(476,7071	(116,652)
Transfers between funds
Net movement in funds		(545,972)	69,265		(476,707)	(116,652)
Funds brought forward		7,422,862	70,296	26,774	7,519,932	7,636,584
Funds carried forward		6,876,890	139,561	26,774	7,043,225	7,519,932

			Notes
				30June	30June
				2023	2022
				6
Fixed Assets
Tangible assets				1,250,235	1,114,553
Investments				6,449,870	6666.369
				7,700,105	7,798,922
Current Assets
Stock				17,597	17,294
Debtors				195,648	307,821
Cash at bank and	in	hand		86,709	284,117
				299,954	609,232
Creditors —amounts		falling due within one year		(276,834)	(203,222)
Net current assets				23,120	406,010
Total assets less	current liabilities			7,723,225	8,204,932
Creditors —amounts		falling due after one year		(680,000)	(685,000)
Net Assets				7,043,225	7,519,932
Charity Funds
Revaluation fund			10	916,837	1,675,870
General funds			10	5,960,053	5,746,992
Total unrestdcted	funds			6,876,890	7,422,862
Restricted funds			11	139,561	70,296
Endowment funds			12	26,774	26,774
Total Charity Funds				7,043,225	7,519,932

Cash Flow Statement	Cash Flow Statement
Year ended 30June 2023
			Notes	2023	2022
				6
Cash flow from operating	activities		14	(321,138)	(312,784)
Cash flow from investing	activities
Dividends and interest received				286,290	273,134
Purchase of tangible fixed assets				(162,586)	(16,760)
Proceeds from sale oftangible		assets		17,270	12,000
Proceeds from sale ofinvestments				1,398,466	934,877
Purchase of investments				(1,416,701)	(757,822)
Net cash flow from investing		activities		123,730	445,429
Net (decrease)l increase	in	cash and cash equivalents		(197,408)	132,645
Cash and cash equivalents		at 1 July		284,117	151,472
Cash and cash equivalents		at 30June		86,709	284,117
Cash and cash equivalents		consist of:
Cash at bank and in hand				86,709	284,117
Cash and cash equivalents		at 30June		86,709	284,117

Investment income
		2023	2022
		6	6
Investment income comprises	income from:
Rental income		14,411	12,822
Listed investments		283,266	272,993
Bank deposits		3,024	141
		300,701	285,956

		Fund-	Cairn	Mappin		Gover-	Total	Total
		raising	Home	Street	Rotheiham	nance	2023	2022
					6	6
Direct costs
Staff costs		95,293	846,866	487,802	126,641		1,556.602	1,322,835
Depreciation			54,220	37,334	2,519		94,073	105,695
Catering costs			54,528				54,528	56,973
Client transport costs			8,393		68		8,461	12,281
Residential fees subsidy			33,224				33,224	24,929
Holidays and	outings			282			282	80
Other direct welfare costs			4,197	25,993	12,247		42,437	51,259
Staff travel costs				19,977	164		20,141	11,884
Property and
equipment			71,175	65,830			137,005	105,471
maintenance	costs
Heating and	lighting		40,572	40,235			80,807	57,583
Other establishment costs		17,456	23,456	91,422	21,111		153,445	69,693
Audit fee						17,700	17,700	15,644
Legal and professional			1,159	3,675	1,269		6,103	7,154
		112,749	1,137,790	772,550	164,019	17,700	2,204,808	1,841,481
Allocated costs
General office,
finance and		6,464	25,852	64,629	32,315		129,260	152,011
management	staff
		6,464	25,852	64,629	32,315		129,260	152011
Restricted funds
Depreciation				239	7,566		7,805	7,613
Other establishment costs				1,056			1,058	1,900
Legal and professional								7,835
Other direct welfare costs				39,139			39,139	348
Property and
equipment								7,520
maintenance	costs
				40,434	7,566		48,000	25,216
Total resources expended		119,213	1,163,642	877,613	203,900	17,700	2,382,068	2,018,708

Staff costs
					2023	2022
					6	6
Wages and salaries					1,484,997	1,303,830
Social security costs					110,829	92,594
Pension costs					45,078	43,781
Other costs					3,137	7,982
					1,644,041	1,448,187
			2023	2023	2022	2022
			Full time	Part time	Full time	Part time
Mappin Street Centre			24	13	18	9
Cairn Home Residential		Home	29	17	30	19
Rotherham	Sight &Sound		1	2	1	2
			54	32	49	30

Tangible fixed assets
	Long	Freehold
	leasehold	Land and	Motor	Fixtures and
	buildings	buildings F	Vehicles 5	fittings f	Total E
Cost or valuation
At 1 July 2022	757,682	1,074,350	215,897	545,572	2,593,501
Additions Dispossls		215,430	~(88,78(	22,400 ~(388	237,830 ~8(.88()
At 30June 2023	757,682	1,289,780	135,116	567,672	2,750,250
Depreciation
At1 July2022	196,764	613,492	196,250	472,442	1,478,948
Charge for the year Dispossls	15,160	54,698	9,071 (80,781)	22,949 (3D)	101,878 ~88.8((
At 30June 2023	211,924	668,190	124,540	495,361	1,500,015
Net book value
At 30June 2023	545,758	621,590	10,576	72,311	1,250,235
At 1 July 2022	560,918	460,858	19,647	73,130	1,114,553

	Listed
	investments
Valuation
At 1 July 2022	6,684,369
Additions	1,415,701
Loss on Revaluation	(251,744)
Disposals	~1.398.456
At 30June 2023	6,449,870
Historical Cost at 30June 2023	5,533,032

Debtors
	2023	2022
	6	6
Other debtors	66,538	85,752
Prepayments	25,130	25,740
Accrued income	103,980	196,329
	195,648	307,821

Creditors
		2023	2022
Amounts	falling due within one year	8	5
Trade creditors		47,295	42,374
Other taxation and social security		27,346	23,647
Other creditors		44,093	40,429
Accruals		158,100	96,772
		276,834	203,222
Amounts	falling due after more than one year	2023 6	2022f
Deferred	income	680,000	685,000

Funds
	General	Revaluation	Restricted	Endowment
	funds	fund	funds	funds	Total
		F		6	6
At 1 July 2022	5,746,992	1,675,870	70,296	26,774	7,519,932
Incoming resources	2,021,772		117,265	1,068	2,140,105
Expenditure	(2,333,000)		(48,000)	(1,068)	(2,382,068)
Gain on investments	507,289				507,289
(Loss) on investments unrealised		(759,033)			(759,033)
Gain on disposal of assets	17,000				17,000
At 30June 2023	5,960,053	916,837	139,561	26,774	7,043,225

Restricted funds
2023		Balance at	Incoming	Resources	Balance at
		1 July	resources	expensed	30June
		2022f			2023 6
Restricted funds
JG Graves Charitable Trust		2,480		(2,480)
National Heritage Lottery		15,688		(8,821)	6,667
Norman Bradbury Award		1,982		(347)	1,635
Sheffield Council Covid Memorial Fund			2,000	(2,000)
Yorkshire Sports Foundation			1,700	(1,700)
Peter Harrison Foundation			8,000	(6,500)	1,500
National Lottery Community	Fund		10,000	(10,000)
Marjorie Coote Old People's Fund	Charity		1,000	(30)	970
Primary Club		6,000		(4,288)	1,712
Rotherham Minibus Appeal		14,748		(7,566)	7,162
Rotherham Refurbishment Appeal		22,165	87,500		109,665
Westfield Health			2,500	(1,850)	650
Cutlers Company Charitable	Trust		1,936		1,936
Sheffield YP Life Skills Trust	1	1,042		(51)	991
Sheffield YP Life Skills Trust	2	566		(188)	376
Freshgate Trust Foundation			1,500	(1,500)
Gardner's Trust for the Blind			1,129	(679)	450
Worshipful Company of Information Technologists		3,400			3,400
Worshipful Company ofSpectacle Makers		2,225			2,225
Total		70,296	117,265	(48,000)	139,561

11.	Restricted funds	Restricted funds	(continued)	(continued)	(continued)
	2022					Balance at	Incoming	Resources	Balance at
						1 July	resources	expensed	30June
						2021			2022
	Restrictedfunds
	J G Graves Charitable			Trust			5,000	(2,520)	2,480
	National Heritage		Lottery				15,688		15,688
	Norman Bradbury		Award			1,830	500	(348)	1,982
	Primary Club					2,000	4,000		6,000
	Rotherham Minibus Appeal					22,314		(7,566)	14,748
	Rotherham Refurbishment				Appeal		30,000	(7,835)	22,165
	SADA						900	(900)
	Shefeeld YP Life		Skills Trust 1			1,042			1,042
	Sheffield YP Life		Skills Trust 2			613		(47)	566
	South Yorkshire Foundation	Community					5,000	(5,000)
	Synapptic Tablets						1,000	(1,000)
	Worshipful Company Technologists			of Information			3,400		3,400
	Worshipful Company Makers			ofSpectacle			2,225		2,225
	Total					27,799	67,713	(25,216)	70,296
12.	Endowment funds
						At 30June			At 30June
	2023					2022 f	Income	Expenditure f	2023 f
	Earnshaw Trust Henrietta Kitchin		Will	Trust		11,851 14,923 26,774	473 595 1.668	(473) ~585 ~1.668	11,851 14,923 26,774
						At 30June			At 30June
	2022					2021 f	Income f	Expenditure f	2022f
	Earnshaw Trust Henrietta Kitchin		Will	Trust		11,851 14,923 26,774	473 595 1,D68	(473) ~585 ~1,668	11,851 14,923 26,774

13.	Analysis of net assets between funds	Analysis of net assets between funds	Analysis of net assets between funds
	2023
			Restricted	Unrestricted	Endowment
			funds	funds	funds	Total
			8		5
	Tangible assets		127,797	1,122,438		1,250,235
	Investments			6,423,096	26,774	6,449,870
	Net current assets Deferred income		11,764	11,356 ~680,000		23,120 ~600,000
			130561	6,076,890	26,774	7,043,225
	2022
			Restricted	Unrestricted	Endowment
			fundsf	funds 5	funds F	Total 6
	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 ~605,000		406,010 ~685.000
			70,296	7,422,862	26,774	7,519,932
14.	Reconciliation ofchange in resources to net outflow			from operating	activities
					2023f	2022
	Net movement in funds				(476,7071	(116,652)
	Dividends and interest received				(286,290)	(273,134)
	Depreciation				101,878	113,307
	Loss / (gain) on investments				251,744	66,680
	Profit on disposal offixed assets				(17,000)	(12,000)
	(Increase)/decrease	in stock			(303)	2,283
	Decrease /(increase) in debtors (Decrease)/increase in creditors Net cash outflow from operating		activities		112,173 ~6633 ~321,130	(125,582) 32,314 ~312,704)
15.	Analysis of net debt
			1 July		Non-cash	30June
			2022	Cash flow	Movements	2023
			F			8
	Cash at the bank and	in hand	284,117	(197,408)		88,709
			284,117	(197,408)		86,709