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|||Page|
|---|---|---|
|Trustees'
report|||
|Independent
auditors*|report|10|
|Statement
of Financial|Activities|13|
|Balance sheet||14|
|Cash flow statement|||
|Notes to the financial|statements|16|
##
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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 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||||||
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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
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|||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|
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##
|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|
##
##
##
|5.|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|
##
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##
|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|
##
##
##
|9.|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|
##
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##
|11.|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|
##
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|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|
##
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|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|
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