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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 03133015 (England and Wales) REGISTERED CHARITY NUMBER: 1051674

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

VISION SUPPORT BARROW& DISTRICT

PREVIOUSLY KNOWN AS BARROW AND DISTRICTS SOCIETY FOR THE BLIND LIMITED

RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ

ee

UPPORT BARROW& DISTRIC

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE Y MBER 2020

Page Page
Report of theTrustees 1 to 6
Reportofthe Independent Auditors 7 to 10
Statement of Financial Activities 11
Statement of Financial Position 12
Statement of Cash Flows 13
Notes to the Statement of Cash Flows 14
Notes to the Financial Statements 15 to 29
DetailedStatementofFinancialActivities 30 to 32

1 T

VISION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the Charity is to support visually impaired people who live within Barrow-in-Furness and the surrounding district. To achieve this, the organisation:

Significant activities

Our Charity renamed itself this year from Barrow & Districts Society for the Blind to Vision Support Barrow & District. The reason for the change was that many clients felt the previous name did not describe what we offer visually impaired people. The word blind was felt to be a blocker to some people who may have otherwise sought our support.

The COVID pandemic started in March 2020, and a number of our clients were affected by it. We had to introduce various protective measures to ensure staff, volunteers and clients were safe from the spread of the virus.

The Vision Support Centre has mainly remained closed during the year. Talking Newspapers was also halted due to the pandemic. Social activities and groups were stopped. Our Community fundraising took a severe fall in income but the number of emergency grants we received from the grant-making bodies helped us during the year.

Where possible, we retained staff to work from home, while others were put on furlough contracts. Our Younger Generations project was also paused. Likewise, we embraced technology and started zoom groups which proved popular. Befriending phone calls of support were offered to visually impaired people in the area. Our care home coped extremely well with the pandemic, while day care was halted.

Normally, we offer a pyramid of support for visually impaired people in our area,. Our town-based Vision Support Centre offers people support, advice on daily living aids and a place for social integration. Our Vision Support Team work throughout the community helping people claim the benefits they are entitled to and providing other support. Ostley House, our residential home usually provides permanent care, respite care and day care for up to 44 people. Together we support people from 0 to 100 years of age.

Public benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Volunteers

Staff and volunteers continue to assist the charity in the achievement of their main aims and objectives. Volunteers are highly valued at the organisation and the charity is grateful for their continued contribution. The charity is continually seeking to expand the number of volunteers in order to expand the work done by the charity.

Page 1

VISION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During 2020 we had to work under unique conditions caused by the pandemic. The following helped us throughout the year:

. Hadfield Trust

. Thomas Pocklington Trust . Barrow Borough Council

. Cumbria County Council

. Windfarm . Reaching Communities Covid Response . Sport England . Eric Wright Charitable Trust . BAE Systems GAYE . Cumbria Community Foundation

We also continued with the Younger Generations project funded by:

. Lake District Farmers Armstrong Family Charitable Fund

. Francis C Scott Trust

. Charles Godwin Foundation

RNIB continued with its support to help fund an Eye Clinic Liaison Officer (ECLO) in Furness General Hospital. Sport England and Awards 4 All continued to support some activities that took place during the year.

Fund Raising Standards Information

We work with the fundraising regulator who set and maintain the standards for charitable fundraising. The fundraising regulator aims to ensure that fundraising is respectful, open, honest and accountable to the public.

The role of the regulator is to: - Set and promote the standards for fundraising practice in consultation with the public, fundraising stakehoiders and legislators. - Investigate cases where fundraising practices have led to significant public concern. - Adjudicate complaints from the public about fundraising practice, where these cannot be resolved by the charities themselves. - Operate a fundraising preference service to enable individuals to manage their contact with charities. - Where poor fundraising practice is judged to have taken place, recommend best practice guidance and take proportionate remedial action.

In order to ensure we are fundraising appropriately we: - do all we can to ensure that fundraisers, volunteers and fundraising contractors working with us to raise funds - comply with the Codes and with this Promise.

ff you are unhappy with anything we've done while fundraising, you can contact us to make a complaint. We have a complaint procedure, a copy of which is available on request. If we cannot resolve your complaint, we accept the authority of the Fundraising Standards Board to makea final adjudication.

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VISION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW Financial position Income

Ostley House

This year, the COVID-19 pandemic reduced the occupancy due to the restrictions placed on the care home as we were not allowed to fill empty beds during the period. However, we have maintained the high standards of service, ensured salaries are competitive and maintained the home in a serviceable manner.

Vision Support Centre

In 2020, the Centre had to close due to pandemic and some staff went on to furlough contracts.

Expenditure

The major expenditure for the Charity is staff costs which totalled £1,136,946, an increase of £108,698 over the year before. These costs equate to 63% of total income. Increase in the National Living Wage and the added annual wage review costs have made the total increase substantial.

Ostley House

This year we made progress in reviewing the salary costs to ensure they remain competitive.

Vision Support Team

Wage increases during 2020 were introduced and we remained at full strength throughout the period.

Administration

Basic operational costs are summarised in Note 9 where total activity cost are apportioned within the Charity operations. Also, all items of expenditure are detailed in the notes to these accounts.

End of Year

Overall, the net surplus of £290,007 is a positive that has mainly come about due to the Charity receiving a number of grants and legacies.

BALANCE SHEET

Fixed Assets

Freehold property additions during the year were £43,495. There were plant and equipment additions of £28,541, and disposals of £3,825. The depreciation charge for the year was £52,225. This figure includes £34,524 charged on freehold property.

Current Assets

Stock remains at similar levels to the previous year.

Cash and Investments

Cash balances and current investments have increased by £323,008 during the year. Fixed asset investments are shown at the fair value at the report date with a decrease in value of £4,158 has been recognised this year.

Net Assets

Total funds have increased by £290,007 to £2,789,923. Of this the restricted funds were £63,859.

Investment policy and objectives The Charity Investment Policy will always be based on a low risk strategy.

Reserves policy

As at 31 December 2020, unrestricted investments and cash in our savings bank totalled £363,530. In October 2020, the Board of Trustees agreed to amend the Charity's reserve policy and now aim to have a minimum of £500k to enable the Charity to operate following unprecedented occurences.

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VISION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW

Grants Payable Policy

Grants payable by the Charity are in response to special needs applications that are reviewed by our Vision Support Team and an annual budget is set at £2,500.

FUTURE PLANS

The Charity has identified a capital project that will make access in and out of Ostley House more manageable. At present, to gain access to the first and second floors of the residential home, if a resident is unable to walk then this can only be done via the existing small lift. If they have to be put on to a stretcher for whatever reason then this is impossible to remain horizontal in the lift. With the wish to afford our residents better care in a dignified manner, the Charity has had an architect draw up and price the construction of a new stretcher lift. The project will cost £338,758 and the Trustees have already designated £38,758 towards the cost of the project. The Charity is actively fundraising for the remainder.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Vision Support Barrow & District is a company limited by guarantee and a registered Charity governed by its Articles of Association. As at the 31 December 2020 there were 10 members. The liability of each member in the event of the company being wound up is restricted to £10. Recruitment and appointment of the Board of Trustees The governance of the Charity is provided by the Board of Trustees. As set out in the Articles of Association, the Board of Trustees shall have power at any time to appoint any person to be a member of the Board of Trustees up to a maximum number fixed in the Articles. Any member of the Board of Directors so appointed shall hold office until the next following AGM and shall then be eligible for re-election but shall not be taken into account in determining the members of the Board of Trustees who are to retire by rotation at such meeting.

Organisational structure

The Board of Trustees usually meets monthly.

Board of Directors induction and training All new members of the Board of Trustees are provided with a full induction on the role and a description outlining what the Charity expects from a member. Training is provided as is required.

Key management personnel The Charity has the following members of the senior management team:

Mr C F Hodge - Chief Executive Mrs H Silver - Ostley House Registered Manager Mrs S White - Ostley House Deputy Manager Mrs E Rollinson - Charity Manager Mrs M Nelson - Vision Support Team Manager

Key management personnel are remunerated at the market rate for the services provided, pro rata for the hours worked.

Related parties

There are no connected charities or branches during the year ended 31 December 2020.

Risk management

The Board of Trustees has conducted its own review of the major risks to which the Charity is exposed and systems have been established to mitigate those risks. The Charity has a register with all identified risks which is regularly monitored and assessed to evaluate identified risks and identify new risks.

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VISION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03133015 (England and Wales)

Registered Charity number 1051674

Registered office Vision Support Centre 67-69 Cavendish Street Barrow in Furness Cumbria LA14 1QD

Trustees

Mr C M Anderson (resigned 27/11/2020) Mr D J Cannell Mr G Postlethwaite Ms N M Reynolds - Chair Mrs W J Robinson - Treasurer Mr AS Todd Mr A Treharne (appointed 30/1/2020) Mr P Laing - Vice chair Ms L Coleman (appointed 31/1/2020) Dr G Jolliffe (appointed 31/1/2020) V Wilton (appointed 26/6/2020) P Collier (appointed 26/6/2020) (resigned 22/9/2020)

Chief Executive Officer

Mr C Hodge

Auditors RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ

Solicitors Forresters Solicitors Ltd Duke Street Barrow-in-Furness Cumbria LA14 1XA

Bankers HSBC pic Duke Street Barrow-in-Furness Cumbria LA14 1LR

CHANGE OF NAME

The charitable company passed a special resolution on 15 March 2021 changing its name from Barrow and Districts Society For The Blind Limited to Vision Support Barrow & District.

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SION SUPPORT BARROW & DISTRICT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of Vision Support Barrow & District for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITORS

The auditors, RfM Fylde Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Board of Trustees Hae and signed on its behalf by:

Ms N M Reynolds - Chair

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT

Opinion

We have audited the financial statements of Vision Support Barrow & District (the ‘charitable company’) for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

VISION SUPPORT BARROW & DISTRICT

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 state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept 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 formed.

Ad(robe

Alan Meikle FCA (Senior Statutory Auditor) for and on behalf of RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ Date: —agalay

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VISION SUPPORT BARROW& DISTRICT

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2020|2019| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|c|£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations and|legacies|2|429,447|70,892|500,339|434,821| |Charitable|activities|5| |Ostley|House|1,286,140|-|1,286,140|1,299,670| |Vision|Support Team|1,886|-|1,886|1,886| |Other trading|activities|3|15,673|-|15,673|43,624| |Investment|income|4|1,730|-|1,730|2,136| |Total|1,734,876|70,892|1,805,768|1,782,137| |EXPENDITURE|ON| |Raising|funds|6|19,339|6,903|26,242|32,357| |Charitable|activities|7| |Costs|of|administration|and|Vision|Support| |Centre|97,523|13,185|110,708|112,722| |Grants|payable|245|-|245|754| |Ostley|House|1,277,565|6,007|1,283,572|1,151,351| |Vision|Support Team|68,998|1,000|69,998|65,291| |Children's|Fund|12|5,192|5,204|14,063| |Daily|living|aids|5,165|-|5,165|10,059| |Eye|Clinic|Liaison|Officer|829|8,754|9,583|7,141| |Activites and|Sports for|Clients|=|86|86|7,386| |Monday|Night|Group|-|800|800|2,159| |Total|1,469,676|41,927|1,511,603|1,403,283| |Net|gains/(losses)|on|investments|(4,158)|-|(4,158)|2,038| |NET INCOME|261,042|28,965|290,007|380,892| |RECONCILIATION|OF|FUNDS| |Total|funds|brought|forward|2,465,021|34,895|2,499,916|2,119,024| |TOTAL FUNDS CARRIED|FORWARD|2,726,063|63,860|2,789,923|2,499,916|

----- End of picture text -----

The notes form part of these financial statements

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VISION SUPPORT BARROW & DISTRICT

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020

Unrestricted
funds		 Restricted
funds		 2020
Total
funds		 2019
Total
funds
Notes £ £ £ &
FIXED ASSETS
Tangible assets
Investments		 14
15		 2,378,334
6,035		 -
:		 2,378,334
6,035		 2,358,810
38,849
2,384,369 - 2,384,369 2,397,659
CURRENTASSETS
Stocks
Debtors
Investments
Cash atbankand in hand		 16
17
18		 6,155
3,025
357,495
83,527		 -
:
-
63,859		 6,155
3,025
357,495
147,386		 7,591
3,028
26,624
155,249
450,202 63,859 514,061 192,492
CREDITORS
Amounts falling due within oneyear 19 (108,507) - (108,507) (90,235)
NETCURRENTASSETS 341,695 63,859 405,554 102,257
TOTAL ASSETSLESS CURRENT
LIABILITIES 2,726,064 63,859 2,789,923 2,499,916
NET ASSETS 2,726,064 63,859 2,789,923 2,499,916
FUNDS 21
Unrestricted funds 2,726,064 2,465,021
Restricted funds 63,859 34,895
TOTALFUNDS 2,789,923 2,499,916

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

Thean OY.fa | ial statementsin and werewere approved signed onby itsthe behaifBoardby: of Trustees and authorised for issue on

Ms N M Reynolds - Chair

The notes form part of these financial statements

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VISION SUPPORT BARROW& DISTRICT
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|||||||| |---|---|---|---|---|---|---| |STATEMENT|OF|CASH|FLOWS| |FOR THE|YEAR|ENDED|31|DECEMBER|2020| |2020|2019| |Notes|£|£| |Cash|flows from|operating|activities| |Cash|generated|from|operations|1|365,549|401,422| |Net cash|provided|by|operating|activities|365,549|401,422| |Cash|flows from|investing|activities| |Purchase|of tangible fixed|assets|(72,036)|(441,990)| |Sale|of|fixed|asset|investments|28,656|-| |Movement|on|current|asset|investment|(330,871)|(6,195)| |Dividends|received|839|1,470| |Net cash|used|in|investing|activities|(373,412)|(446,715)| |Change|in|cash|and|cash|equivalents| |in the|reporting|period|(7,863)|(45,293)| |Cash|and|cash|equivalents|at the| |beginning|of the|reporting|period|155,249|200,542| |Cash|and|cash|equivalents|at|the end| |of the|reporting|period|147,386|155,249|

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The notes form part of these financial statements

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VISION SUPPORT BARROW & DISTRICT

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

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|||||||||| |---|---|---|---|---|---|---|---|---| |1.|RECONCILIATION|OF NET INCOME TO|NET CASH|FLOW FROM|OPERATING|ACTIVITIES| |2020|2019| |£|£| |Net|income|for the|reporting|period|(as|per the|Statement|of| |Financial|Activities)|290,007|380,892| |Adjustments|for:| |Depreciation|charges|52,225|31,654| |Losses/(gain)|on|investments|4,158|(2,038)| |Loss|on|disposal|of fixed|assets|287|-| |Dividends|received|(839)|(1,470)| |Decrease|in|stocks|1,436|1,520| |Decrease|in|debtors|3|190| |Increase/(decrease)|in|creditors|18,272|(9,326)| |Net cash|provided|by operations|365,549|401,422|

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2.

ANALYSIS OF CHANGES IN NET FUNDS

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||||||||| |---|---|---|---|---|---|---|---| |At|1/1/20|Cash|flow|At|31/12/20| |£|£|£| |Net|cash| |Cash|at|bank and|in|hand|155,249|(7,863)|147,386| |155,249|(7,863)|147,386| |Liquid|resources| |Deposits|included|in|cash|~|-|-| |Current|asset|investments|26,624|330,871|357,495| |26,624|330,871|357,495| |Total|181,873|323,008|504,881|

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Total

The notes form part of these financial statements

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  1. ACCOUNTING POLICIES

VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

INCOME

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and 'Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities' and the proceeds are recognised as ‘Income from other trading activities’. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities’. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

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continued...

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VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020

  1. ACCOUNTING POLICIES - continued

INCOME

The Charity receives various grants which are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest and dividend income is recognised as the charity's right to receive payment is established.

EXPENDITURE

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Costs of raising funds includes staff costs, materials and travel expenses; Expenditure on charitable activities includes staff costs and Ostley House costs; and Other expenditure represents those items not falling into the categories above.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants.

Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the Charity and include project management carried out at the Vision Support Centre. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

ALLOCATION AND APPORTIONMENT OF COSTS

Support costs comprise costs for the running of the Charity itself as an organisation. Where these costs cannot be directly attriouted to any specific heading they are apportioned to governance, costs of charitable activities and costs of generating funds. The apportionment is based on the time and effort spent in these areas.

TANGIBLE FIXED ASSETS

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property 1-4% straight line Plant and machinery 25% reducing balance

Where donations are received for specific equipment, the donation is included in income, the asset is capitalised and depreciation is charged on the full amount.

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continued...

  1. ACCOUNTING POLICIES - continued

VISION SUPPORT BARROW& DISTRICT

NOTESFOR TO THE THE YEARFINANCIALENDEDSTATEMENTS31 DECEMBERcontinued2020

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

A group defined contribution pension scheme is available to both new and existing employees.

INVESTMENTS

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/ (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

LEASING COMMITMENTS

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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«

VISION SUPPORT BARROW & DISTRICT

HE FINANCIAL - FOR THE YEAR ENDED 31 DECEMBER 2020

2: DONATIONS AND LEGACIES

2020 2019
3 £
Donations
Legacies - General
Grants		 131,787
134,328
229,757		 23,209
93,295
301,160
Donations - Ostley House 3,746 11,342
Payroll Giving 9 23
Monday Night Group 712 5,792
500,339 434,821
3. OTHERTRADING ACTIVITIES
2020 2019
£ £
Appeals donations
Boxes		 180
1,312		 1,327
2,549
Street and store collections 4,649 19,866
Loose change appeal 493 552
Weather lottery 188 216
Miscellaneous fundraising events 1,116 5,518
Recycling commission 16 86
Daily living aids sales 5,566 11,857
Summer raffle 2,153 1,653
15,673 43,624
4. INVESTMENT INCOME
2020 2019
£ £
Bank interest receivable 891 666
Dividends received 839 1,470
1,730 2,136
5. INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Ostley House income
Bungalow rentals		 Activity
Ostley House
Ostley House		 £
1,248,009
38,131		 £
1,261,300
38,370
Contracts income Vision SupportTeam 1,886 1,886
1,288,026 1,301,556

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VISION SUPPORT BARROW & DISTRICT NOTES TOFOR THE THE YEARFINANCIALENDEDSTATEMENTS31 DECEMBERcontinued2020

6. RAISING FUNDS

RAISING DONATIONS

RAISING DONATIONS
2020 2019
£ £
Staff costs 8,592 9,619
Materials 119 459
Fundraising event 103 410
8,814 10,488
OTHERTRADING ACTIVITIES
2020 2019
£ im
Opening stock 6,500 7,559
Closing stock
Staff costs
Advertising		 (5,461)
14,653
-		 (6,500)
18,090
115
Sundries and cleaning 1,173 1,691
Bankcharges 563 914
17,428 21,869
Aggregate amounts 26,242 32,357
ts CHARITABLEACTIVITIESCOSTS
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct activities
(see note		 Support
cosis (see
Costs 8) note9) 9) Totals
£ £ £ £
Costs of administration and Vision
Support Centre 12,215 - 98,493 110,708
Grants payable - 245 - 245
OstleyHouse
Vision SupportTeam		 1,156,730
69,998		 -
-		 126,842
-		 1,283,572
69,998
Children's Fund 5,204 - - 5,204
Daily living aids 5,165 - - 5,165
Eye Clinic Liaison Officer 9,583 - - 9,583
Activitesand Sportsfor Clients 86 - - 86
Monday Night Group 800 : : 800
1,259,781 245 225,335 1,485,361

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VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. GRANTS PAYABLE
2020 2019
£ £
Grants payable 245 754
9. SUPPORT COSTS
Governance
Management __—Finance costs Totals
£ £ £ £
Costs of administration and Vision
Support Centre 88,608 3,227 6,658 98,493
Ostley House 88,600 31,584 6,658 126,842
177,208 34,811 13,316 225,335
Activity
Management		 Basis of allocation
Proportionate Usage
Governancecosts ProportionateUsage
  1. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020 2019
£ £
Auditors' remuneration 7,090 6,696
Auditors’ remuneration for non audit work 770 770
Depreciation - owned assets 52,225 31,654
Hire of plant and machinery 3,854 1,747
Deficitondisposaloffixedassets 287 -
  1. TRUSTEES’ REMUNERATION AND BENEFITS

There were no Trustees’ remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

TRUSTEES’ EXPENSES

There were no Trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

During the year, expenses amounting to £nil were reimbursed to Trustees (2019: Nil).

During the year, Mrs W J Robinson, the Treasurer, received honoraria of £1,000.

Page 20

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  1. STAFF COSTS

VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

STAFF COSTS
2020 2019
£ £
Wagesand salaries
Social security costs
Otherpension costs		 1,045,008
68,627
23,311		 951,831
56,311
20,106
1,136,946 1,028,248
Theaverage monthly number ofemployees during the yearwas as follows:
Ostley House staff 2020
5		 2019
62
Shop staff 2 2
Administration staff 6 6
Fund raising staff 3 3
Vision SupportTeam staff 5 5
66 78

The majority of staff employed by the charity work on a part time basis.

No employee received remuneration above £60,000.

13. COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOMEAND ENDOWMENTS FROM
Donationsand legacies 109,855 324,966 434,821
Charitable activities
Ostley House
Vision SupportTeam		 1,299,670
1,886		 -
-		 1,299,670
1,886
Othertrading activities
Investmentincome		 43,624
2,136		 -
-		 43,624
2,136
Total 1,457,171 324,966 1,782,137
EXPENDITURE ON
Raisingfunds 29,258 3,099 32,357
Charitable activities
Costs of administration and Vision
Support Centre
Grantspayable		 103,157
754		 9,565
-		 112,722
754
Ostley House
Vision SupportTeam
Children's Fund
Daily living aids
Eye Clinic Liaison Officer
Activites and Sportsfor Clients
MondayNightGroup		 1,142,944
65,291
153
10,059
307
-		 8,407
-
13,910
-
6,834
7,386		 1,151,351
65,291
14,063
10,059
7,141
7,386

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continued...

VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. COMPARATIVES FORTHESTATEMENTOF FINANCIAL ACTIVITIES - COMPARATIVES FORTHESTATEMENTOF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£
£
£
-
2,159
2,159
Total 1,351,923 51,360 1,403,283
Net gains on investments 2,038 - 2,038
NET INCOME 107,286 273,606 380,892
Transfers between funds 395,787 (395,787) -
Net movement in funds 503,073 (122,181) 380,892
RECONCILIATION OF FUNDS
Total funds brought forward 1,961,948 157,076 2,119,024
TOTAL FUNDSCARRIED FORWARD 2,465,021 34,895 2,499,916
14. TANGIBLE FIXED ASSETS
Freehold Plantand
property machinery Totals
£ £ £
COST
At 1 January2020 2,381,195 477,882 2,859,077
Additions
Disposals		 43,495
-		 28,541
(3,825)		 72,036
(3,825)
At31 December2020 2,424,690 502,598 2,927,288
DEPRECIATION
At 1 January2020 76,582 423,685 500,267
Charge foryear 34,524 17,701 52,225
Eliminated on disposal —
=		 (3,538) (3,538)
At31 December 2020 111,106 437,848 548,954
NET BOOKVALUE
At 31 December 2020 2,313,584 64,750 2,378,334
At31December2019 2,304,613 54,197 2,358,810

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VISION SUPPORT BARROW & DISTRICT

NOTESFOR TOTHE THEYEARFINANCIALENDED STATEMENTS31 DECEMBERcontinued2020

FOR TOTHE THEYEARFINANCIALENDED STATEMENTS31 THE THEYEARFINANCIALENDED STATEMENTS31 YEARFINANCIALENDED STATEMENTS31 ENDED STATEMENTS31 31 - continued2020
FOR TOTHE THEYEARFINANCIALENDED STATEMENTS31THE THEYEARFINANCIALENDED STATEMENTS31YEARFINANCIALENDED STATEMENTS31ENDED STATEMENTS31 DECEMBER- 2020		 continued2020
15. FIXEDASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£ £ £
MARKET VALUE
At 1 January 2020
Disposals
Revaluations		 38,749
(30,242)
(2,572)		 100
-
-		 38,849
(30,242)
(2,572)
At 31 December 2020 5,935 100 6,035
NET BOOKVALUE
At 31 December2020 5,935 100 6,035
At 31 December2019 38,749 100 38,849
There were no investment assets outside the UK.
16. STOCKS
2020 2019
£ £
Ostley House stock 694 1,091
Vision SupportCentre stock 5,461 6,500
6,155 7,591
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR YEAR
2020 2019
£ £
Prepayments and accrued income 3,025 3,028
18. CURRENTASSET INVESTMENTS
2020 2019
£ £
CharityBank 357,495 26,624

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continued...

  1. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

VISION SUPPORT BARROW & DISTRICT

NOTESFOR TO THE THE YEARFINANCIALENDEDSTATEMENTS31 DECEMBERcontinued2020

2020 2019
£ £
Trade creditors 22,115 20,182
Social security and othertaxes 14,292 9,151
Other creditors 4,022 2,845
Accruals and deferred income 68,078 58,057
108,507 90,235
  1. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2020 2019
£ £
Within one year 25,815 25,830
Between one and five years 41,717 67,532
67,532 93,362
21. MOVEMENT INFUNDS
Net Transfers
movement between At
At 1/1/20 in funds funds 31/12/20
£ £ £ £
Unrestricted funds
General fund 106,211 313,268 (110,508) 308,971
Fixed asset fund
New Lift Project		 2,358,810
-		 (52,225)
:		 71,750
38,758		 2,378,335
38,758
2,465,021 261,043 - 2,726,064
Restricted funds
Children's Fund 12,577 (3,632) - 8,945
Vision Support Centre 7,903 (7,903) - =
Ostley House Residents Amenities
Fund
1,969 (45) - 1,924
Vision Support Officer - 16,250 - 16,250
Eye Clinic Liaison Officer 18 (18) - -
Activities for Clients 8,795 (6,107) - 2,688
Monday NightGroup 3,633 (88) - 3,545
Existing lift refurbishment project
Co-op local community fund		 -
-		 23,000
4,507		 -
-		 23,000
4,507
Infection control grant - 3,000 : 3,000
34,895 28,964 - 63,859
TOTALFUNDS 2,499,916 290,007 - 2,789,923

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VISION SUPPORT BARROW & DISTRICT

  1. MOVEMENT IN FUNDS- continued

NOTESFOR TO THE THE YEARFINANCIAL ENDEDSTATEMENTS31 DECEMBERcontinued2020

Net movement in funds, included in the above are as follows:

Incoming Resources Gainsand Movement
resources expended losses infunds
£ £ £ £
Unrestricted funds
General fund 1,734,876 (1,417,450) (4,158) 313,268
Fixed assetfund - (52,225) - (52,225)
1,734,876 (1,469,675) (4,158) 261,043
Restricted funds
Children's Fund 1,560 (5,192) - (3,632)
Vision Support Centre - (7,903) ~ (7,903)
Ostley House ResidentsAmenities
Fund
2,776 (2,821) - (45)
Vision Support Officer 26,250 (10,000) - 16,250
Eye Clinic Liaison Officer 9,087 (9,105) - (18)
Activities forClients - (6,107) - (6,107)
Monday NightGroup
Existing lift refurbishment project		 2
23,000		 (800)
z		 -
re		 (88)
23,000
Co-op local communityfund 4,507 - - 4,507
Infection control grant 3,000 2 - 3,000
70,892 (41,928) - 28,964
TOTALFUNDS 1,805,768 (1,511,603) (4,158) 290,007

TOTAL FUNDS

Page 25

continued...

VISION SUPPORT BARROW & DISTRICT

  1. MOVEMENT IN FUNDS - continued

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020

Comparatives for movement in funds

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1/1/19|in|funds|funds|31/12/19| |£|£|£|£| |Unrestricted|funds| |General|fund|13,473|138,940|(46,202)|106,211| |Fixed|asset|fund|1,948,475|(31,654)|441,989|2,358,810| |1,961,948|107,286|395,787|2,465,021| |Restricted|funds| |Bradbury|Village|137,769|255,803|(393,572)|-| |Children's|Fund|18,086|(5,509)|-|12,577| |Vision|Support|Centre|-|7,903|-|7,903| |Ostley|House|Residents|Amenities| |Fund| |-|1,969|-|1,969| |Vision|Support|Officer|1,221|(1,221)|-|-| |Eye|Clinic|Liaison|Officer|-|18|-|18| |Activities|for|Clients|-|11,010|(2,215)|8,795| |Monday|Night Group|-|3,633|-|3,633| |157,076|273,606|(395,787)|34,895| |TOTAL|FUNDS|2,119,024|380,892|-|2,499,916| |Comparative|net movement|in|funds,|included|in|the|above|are|as follows:| |Incoming|Resources|Gainsand|Movement| |resources|expended|losses|in funds| |£|£|£|£| |Unrestricted|funds| |General|fund|1,457,171|(1,320,269)|2,038|138,940| |Fixed|asset|fund|-|(31,654)|-|(31.654)| |1,457,171|(1,351,923)|2,038|107,286| |Restricted|funds| |Bradbury|Village|255,804|(1)|-|255,803| |Children’s|Fund|8,440|(13,949)|-|(5,509)| |Vision|Support|Centre|11,000|(3,097)|-|7,903| |Ostley|House|Residents|Amenities| |Fund| |10,376|(8,407)|-|1,969| |Vision|Support|Officer|6,472|(7,693)|-|(1,221)| |Eye|Clinic|Liaison|Officer|7,082|(7,064)|-|18| |Activities|for|Clients|20,000|(8,990)|-|11,010| |Monday|Night|Group|5,792|(2,159)|-|3,633| |324,966|(51,360)|-|273,606| |TOTAL FUNDS|1,782,137|(1,403,283)|2,038|380,892|

----- End of picture text -----

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continued...

VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIALED STATEMENTS- continued 31 DECEMBER 2020

21. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement		 Transfers
between		 At
At 1/1/19 in funds funds 31/12/20
£ £ £ £
Unrestricted funds
General fund
Fixed assetfund
New Lift Project		 13,473
1,948,475
-		 452,208
(83,879)
-		 (156,710)
513,739
38,758		 308,971
2,378,335
38,758
Restricted funds 1,961,948 368,329 395,787 2,726,064
Bradbury Village 137,769 255,803 (393,572) -
Children's Fund 18,086 (9,141) - 8,945
Ostley House Residents Amenities
Fund
- 1,924 - 1,924
Vision Support Officer 1,221 15,029 - 16,250
Activities forClients - 4,903 (2,215) 2,688
Monday Night Group - 3,545 : 3,545
Existing lift refurbishment project - 23,000 - 23,000
Co-op local communityfund - 4,507 - 4,507
Infection control grant - 3,000 - 3,000
157,076 302,570 (395,787) 63,859
TOTALFUNDS 2,119,024 670,899 - 2,789,923

Page 27

continued...

VISION SUPPORT BARROW& DISTRICT NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2020

21. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming MResources Gainsand Movement
resources expended losses infunds
£ c £ £
Unrestricted funds
General fund 3,192,047 (2,737,719) (2,120) 452,208
Fixed asset fund : (83,879) - (83,879)
3,192,047 (2,821,598) (2,120) 368,329
Restricted funds
Bradbury Village 255,804 (1) - 255,803
Children’s Fund 10,000 (19,141) - (9,141)
Vision Support Centre 11,000 (11,000) - -
Ostley House Residents Amenities
Fund
13,152 (11,228) - 1,924
Vision Support Officer 32,722 (17,693) - 15,029
Eye Clinic Liaison Officer 16,169 (16,169) - -
Activities for Clients 20,000 (15,097) - 4,903
Monday NightGroup 6,504 (2,959) - 3,545
Existing lift refurbishment project 23,000 : - 23,000
Co-op local community fund 4,507 - - 4,507
Infection control grant 3,000 : : 3,000
395,858 (93,288) : 302,570
TOTALFUNDS 3,587,905 (2,914,886) (2,120) 670,899
  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

  1. PURPOSES OF DESIGNATED FUNDS

Fixed asset fund

The fixed assets fund has been set up to assist in identifying those funds that are not free funds and it represents the net book value of tangible fixed assets, less related liabilities.

New lift project fund

The new lift project fund has been set up to designate funds towards the new lift project, for the construction of a new stretcher lift at Ostley House, which the Charity is actively fundraising for.

Page 28

continued...

  1. PURPOSES OF RESTRICTED FUNDS

VISION SUPPORT BARROW & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020

Bradbury Village

The Bradbury Village fund represents the restricted amount received and used in the construction of a specialist sight loss and dementia village.

Children & Young People Project

The Children & Young People Project fund represents the restricted amount received which has been set aside for supporting children and young people.

Ostley House Residents Amenity Fund

The Ostley House Residents Amenity Fund represents the restricted amount received which has been set aside for the provision amenities for the residents of Ostley House.

Vision Support Officer

One of our Vision Support Officers is funded from restricted grants. This person was recruited following the increase in the number of clients the Charity was registering.

Eye Client Liaison Officer

The Eye Client Liaison Officer fund represents the restricted amount received which has been set aside for the provision of a liaison officer to aid the visually impaired people in the local hospital.

Activities for Visually Impaired People

The Activities for clients fund represents the restricted amount received which has been set aside for the provision of activities and equipment for visually impaired people.

Monday Night Group

The Monday Night Group fund represents the restricted amount received which has been set aside for activities and entertainment for visually impaired people.

Existing lift project

The existing lift project fund represents the restricted amount received for repairs to the existing lift.

Co-op local community fund

This fund was provided to the Charity and the remaining part of it will be used for transport and the Summer Tea Party planned for 2021.

Infection control grant

This was provided by Cumbria County Council to reduce the transmission of COVID-19 within Ostley House.

Page 29

VISION SUPPORT BARROW & DISTRICT

DETAILEDSTATEMENTOF FINANCIAL ACTIVITIES
FORTHE YEAR ENDED 31 DECEMBER 2020
2020 2019
£ £
INCOMEAND ENDOWMENTS
Donations and legacies
Donations
Legacies - General
Grants		 131,787
134,328
229,757		 23,209
93,295
301,160
Donations - Ostley House 3,746 11,342
Payroll Giving 9 23
Monday Night Group 712 5,792
500,339 434,821
Other trading activities
Appeals donations 180 1,327
Boxes 1,312 2,549
Street and store collections 4,649 19,866
Loose change appeal 493 552
Weather lottery 188 216
Miscellaneous fundraising events 1,116 5,518
Recycling commission 16 86
Daily living aids sales 5,566 11,857
Summer raffle 2,153 1,653
15,673 43,624
Investment income
Bank interest receivable 891 666
Dividends received 839 1,470
1,730 2,136
Charitable activities
Ostley House income 1,248,009 1,261,300
Bungalow rentals 38,131 38,370
Contracts income 1,886 1,886
1,288,026 1,301,556
Total incoming resources 1,805,768 1,782,137
EXPENDITURE
Raising donations
Wages
Social security		 8,469
87		 9,513
106
Pensions
Materials
Fundraising event		 36
119
103		 -
459
410
8,814 10,488

This page does not form part of the statutory financial statements

Page 30

VISION SUPPORT BARROW & DISTRICT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

2020 2019
£ £
Raising donations
Other trading activities
Opening stock 6,500 7,559
Wages
Social security		 14,067
423		 17,274
617
Pensions
Advertising
Sundries and cleaning		 163
-
1,173		 199
115
1,691
Bankcharges 563 914
Closing stock (5,461) (6,500)
17,428 21,869
Charitable activities
Wages
Social security		 908,249
59,995		 823,122
48,077
Pensions 15,461 12,654
Rates and water 16,605 19,444
Insurance 11,500 11,130
Light and heat 38,663 39,090
Telephone 3,021 3,805
Postage and stationery 1,238 727
Advertising
Sundries
Opening stock		 339
40,000
1,091		 -
38,628
1,552
Purchase of provisions
Closing stock		 55,538
(694)		 57,716
(1,091)
Laundry equipment rental 19,186 19,437
Repairs and decorating
Training allowance		 30,825
83		 28,956
2,665
Daily living aids
Wireless and talking equipment		 5,165
25		 10,059
20
Socials and outings 841 8,625
Legal and professional fees 2,776 3,647
Newstape expenses 70 920
Monday Night Group 800 2,159
Ostley House expenditure 2,821 8,807
Personal protective equipment 28,482 -
Plant and machinery 17,701 15,611
Grants to individuals 245 754
1,260,026 1,156,511
Support costs
Management
Wages 114,223 101,922
Social security 8,122 7,511
Pensions
Hire of plantand machinery		 7,651
3,854		 7,253
1,747
Rates and water 689 1,535
Insurance 3,924 4,572
Carriedforward 138,463 124,540

This page does not form part of the statutory financial statements

Page 31

é

VISION SUPPORT BARROW & DISTRICT

DETAILED STATEMENTOFFINANCIAL ACTIVITIES
FOR THEYEAR ENDED31DECEMBER2020 2020
£		 2019
=
Management
Broughtforward 138,463 124,540
Light and heat 2,358 2,804
Telephone 3,358 3,232
Postage and stationery 9,292 11,089
Advertising
Sundries
Repairs & renewals		 -
5,003
3,240		 204
4,066
3,564
Travelling expenses 4,845 10,758
Computer maintenance
Cleaning		 7,413
2,188		 7,670
256
Training 1,726 2,406
Socials and outings (678) 1,879
Exhibitions & events - 166
177,208 172,634
Finance
Freehold property 34,524 16,043
Loss on sale of tangible fixed assets 287 -
34,811 16,043
Governance costs
Auditors’ remuneration
Auditors' remuneration for non audit work		 7,090
770		 6,696
770
Bank charges 2,398 2,286
Legal and professional fees 3,058 15,986
13,316 25,738
Total resources expended 1,511,603 1,403,283
Net income before gainsand and losses 294,165 378,854
Realised recognised gains and losses
Realised gains/(losses) on
investments		 fixed asset (4,158) 2,038
Netincome 290,007 380,892

This page does not form part of the statutory financial statements

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