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: 

- a. provides information and advice to visually impaired people and to their families and carers; b. provides visually impaired people with a range of welfare support and social activities; 

- c. helps visually impaired people of all ages to live independently; 

- d. promotes awareness of sight loss issues; 

- e. supports people within a residential home. 

## 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. 

- comply with the law including those that apply to data protection, health and safety and the environment. - are clear about who we are, what we do and how your gift is used. - give a clear explanation of how you can makea gift and amend a regular commitment. - respect the rights, dignities and privacy of our supporters and beneficiaries. - will not put undue pressure on you to makea gift and if you do not want to give or wish to cease giving, we will respect your decision. - If you tell us that you don't want us to contact you in a particular way we will not do so. 

- do not use any images or words that cause unjustifiable distress or offence. - take care not to cause unreasonable nuisance or disruption. 

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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A 4 

## 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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a 

## 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 

- select suitable accounting policies and then apply them consistently; 

- - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

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. 

- In so far as the Trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- - the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

## 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 

Page 6 



## 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). 

- In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- - have been prepared in accordance with the requirements of the Companies Act 2006. 

## 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: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- - the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

Page 7 



## 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. 

- We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of Trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the Trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing 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. 

Page 8 



## 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: 

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; 

- we identified the laws and regulations applicable to the charity through discussions with directors and other management, and from our commercial knowledge and experience of the charity sector; 

- - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Charities Act 2011, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; 

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and 

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit 

- We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: 

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and 

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 

- To address the risk of fraud through management bias and override of controls, we: 

- performed analytical procedures to identify any unusual or unexpected relationships; 

- tested journal entries to identify unusual transactions; 

- - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 

- investigated the rationale behind significant or unusual transactions. 

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. 

Page 9 



## 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 

Page 10 



## 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 -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|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 -----**<br>


The notes form part of these financial statements 

Page 11 



## VISION SUPPORT BARROW & DISTRICT 

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020 

|||Unrestricted<br>funds|Restricted<br>funds|2020<br>Total<br>funds|2019<br>Total<br>funds|
|---|---|---|---|---|---|
||Notes|£|£|£|&|
|FIXED ASSETS||||||
|Tangible assets<br>Investments|14<br>15|2,378,334<br>6,035|-<br>:|2,378,334<br>6,035|2,358,810<br>38,849|
||2,384,369||-|2,384,369|2,397,659|
|CURRENTASSETS||||||
|Stocks<br>Debtors<br>Investments<br>Cash atbankand in hand|16<br>17<br>18|6,155<br>3,025<br>357,495<br>83,527|-<br>:<br>-<br>63,859|6,155<br>3,025<br>357,495<br>147,386|7,591<br>3,028<br>26,624<br>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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||||||||
|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


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|

**----- End of picture text -----**<br>


## 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|

**----- End of picture text -----**<br>


Total 

The notes form part of these financial statements 

Page 14 



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. 

Page 15 

continued... 



s 4 

## 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. 

Page 16 

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. 

- Cost of stock is based on the first in first out method 

## 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. 

Page 17 

continued... 



« 

## VISION SUPPORT BARROW & DISTRICT 

## HE FINANCIAL - FOR THE YEAR ENDED 31 DECEMBER 2020 

## 2: DONATIONS AND LEGACIES 

||||2020|2019|
|---|---|---|---|---|
||||3|£|
||Donations<br>Legacies - General<br>Grants||131,787<br>134,328<br>229,757|23,209<br>93,295<br>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<br>Boxes||180<br>1,312|1,327<br>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<br>Bungalow rentals|Activity<br>Ostley House<br>Ostley House|£<br>1,248,009<br>38,131|£<br>1,261,300<br>38,370|
||Contracts income|Vision SupportTeam|1,886|1,886|
||||1,288,026|1,301,556|



Page 18 

continued... 



## 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<br>Staff costs<br>Advertising|(5,461)<br>14,653<br>-|(6,500)<br>18,090<br>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<br>(see note|Support<br>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<br>Vision SupportTeam|1,156,730<br>69,998|-<br>-|126,842<br>-||1,283,572<br>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|



Page 19 

continued... 



## 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<br>Management|Basis of allocation<br>Proportionate Usage||||
||Governancecosts|ProportionateUsage||||



10. 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|-|



11. 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 

continued... 



12. 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<br>Social security costs<br>Otherpension costs|1,045,008<br>68,627<br>23,311|951,831<br>56,311<br>20,106|
||1,136,946|1,028,248|
|Theaverage monthly number ofemployees during the yearwas as follows:|||
|Ostley House staff|202**0**<br>5|2019<br>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<br>Vision SupportTeam|1,299,670<br>1,886|-<br>-|1,299,670<br>1,886|
||Othertrading activities<br>Investmentincome|43,624<br>2,136|-<br>-|43,624<br>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<br>Grantspayable|103,157<br>754|9,565<br>-|112,722<br>754|
||Ostley House<br>Vision SupportTeam<br>Children's Fund<br>Daily living aids<br>Eye Clinic Liaison Officer<br>Activites and Sportsfor Clients<br>MondayNightGroup|1,142,944<br>65,291<br>153<br>10,059<br>307<br>-|8,407<br>-<br>13,910<br>-<br>6,834<br>7,386|1,151,351<br>65,291<br>14,063<br>10,059<br>7,141<br>7,386|



Page 21 

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|
|||£<br>£<br>£|||
|||-<br>2,159<br>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<br>Disposals|43,495<br>-|28,541<br>(3,825)|72,036<br>(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|—<br>=|(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|



Page 22 

continued... 



## VISION SUPPORT BARROW & DISTRICT 

## NOTESFOR TOTHE THEYEARFINANCIALENDED STATEMENTS31 DECEMBERcontinued2020 

||FOR TOTHE THEYEARFINANCIALENDED STATEMENTS31 THE THEYEARFINANCIALENDED STATEMENTS31 YEARFINANCIALENDED STATEMENTS31 ENDED STATEMENTS31 31|- continued2020<br>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<br>Disposals<br>Revaluations|38,749<br>(30,242)<br>(2,572)|100<br>-<br>-|38,849<br>(30,242)<br>(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|



Page 23 

continued... 



19. 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|



20. 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<br>New Lift Project|2,358,810<br>-|(52,225)<br>:|71,750<br>38,758|2,378,335<br>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<br>Co-op local community fund|-<br>-|23,000<br>4,507|-<br>-|23,000<br>4,507|
||Infection control grant|-|3,000|:|3,000|
|||34,895|28,964|-|63,859|
||TOTALFUNDS|2,499,916|290,007|-|2,789,923|



Page 24 

continued... 



VISION SUPPORT BARROW & DISTRICT 

21. 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<br>Existing lift refurbishment project|2<br>23,000|(800)<br>z|-<br>re|(88)<br>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 

21. 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 -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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 -----**<br>


Page 26 

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<br>movement|Transfers<br>between|At|
|---|---|---|---|---|
||At 1/1/19|in funds|funds|31/12/20|
||£|£|£|£|
|Unrestricted funds|||||
|General fund<br>Fixed assetfund<br>New Lift Project|13,473<br>1,948,475<br>-|452,208<br>(83,879)<br>-|(156,710)<br>513,739<br>38,758|308,971<br>2,378,335<br>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|



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- 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|



22. RELATED PARTY DISCLOSURES 

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

23. 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. 

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continued... 



24. 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. 

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## VISION SUPPORT BARROW & DISTRICT 

||DETAILEDSTATEMENTOF|FINANCIAL ACTIVITIES||
|---|---|---|---|
||FORTHE YEAR ENDED|31 DECEMBER 2020||
|||2020|2019|
|||£|£|
|INCOMEAND ENDOWMENTS||||
|Donations and legacies||||
|Donations<br>Legacies - General<br>Grants||131,787<br>134,328<br>229,757|23,209<br>93,295<br>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<br>Social security||8,469<br>87|9,513<br>106|
|Pensions<br>Materials<br>Fundraising event||36<br>119<br>103|-<br>459<br>410|
|||8,814|10,488|



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## 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<br>Social security|14,067<br>423|17,274<br>617|
|Pensions<br>Advertising<br>Sundries and cleaning|163<br>-<br>1,173|199<br>115<br>1,691|
|Bankcharges|563|914|
|Closing stock|(5,461)|(6,500)|
||17,428|21,869|
|Charitable activities|||
|Wages<br>Social security|908,249<br>59,995|823,122<br>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<br>Sundries<br>Opening stock|339<br>40,000<br>1,091|-<br>38,628<br>1,552|
|Purchase of provisions<br>Closing stock|55,538<br>(694)|57,716<br>(1,091)|
|Laundry equipment rental|19,186|19,437|
|Repairs and decorating<br>Training allowance|30,825<br>83|28,956<br>2,665|
|Daily living aids<br>Wireless and talking equipment|5,165<br>25|10,059<br>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<br>Hire of plantand machinery|7,651<br>3,854|7,253<br>1,747|
|Rates and water|689|1,535|
|Insurance|3,924|4,572|
|Carriedforward|138,463|124,540|



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é 

## VISION SUPPORT BARROW & DISTRICT 

||DETAILED STATEMENTOFFINANCIAL ACTIVITIES|||
|---|---|---|---|
||FOR THEYEAR ENDED31DECEMBER2020|2020<br>£|2019<br>=|
|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<br>Sundries<br>Repairs & renewals||-<br>5,003<br>3,240|204<br>4,066<br>3,564|
|Travelling expenses||4,845|10,758|
|Computer maintenance<br>Cleaning||7,413<br>2,188|7,670<br>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<br>Auditors' remuneration for non audit work||7,090<br>770|6,696<br>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 <br>investments|fixed asset|(4,158)|2,038|
|Netincome||290,007|380,892|



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