2021-03-31-accounts - Hampshire Association For The Care Of The Blind

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		Page
Report ofthe Trustees	1	to	9
Independent Examiner's Report		10
Statement ofFinancial Activities
Balance Sheet	12	to	13
Notes to the Financial Statements	14	to	28
Detailed Statemeat ofFinancial Activities	29	to	30

25 Church Ro Bishopstoke Eastleigh Hampshire SO50 6BL	ad
Trustees
SCrotts			Chairman
TG Howell	Appointed	12October 2020	Treasurer
RJStephens	Resigned	5 December 2020
A Thorburn	Deceased	4 August 2021
Dr RDrabu
Dr C.B.V Schulz
M. Hildyard
S.Woolford
L Simpson	Co-opted	12a August 2021

							31.3.21	31.3.20
				Unrestricted	Restricted	Endowment	Total	Total
				fund	fund	fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies				105,935			105,935	260,030
Charitable activities
charitable				5,592			59592	25,033
Other trading activities			2	16,348			16,348	49,382
Investment income			3	3		3733	8,733	17,314
Total				127,87$		8,730	136,608	351,759
EXPENDITURE	ON
Raising funds				12,753	(326)	1,176	13,603	21,819
Charitable activities
charitable				350,086	79141	11,658	368,$$5	405,956
Total				362,839	6,815	12,834	382,488	427,775
Net gains/(losses)	on
investments				724,673		10@99	735,072	(366,652)
NET
INCOME/(EXPENDITURE)				489,712	(6,815)	6,295	489,192	(442,668)
RECONCILIATION		OF
FUNDS
Total funds brought		forward		1,969,863	12488	306,692	2,288,943	2,731,611
TOTAL FUNDS	CARRIED
FORWARD				2459375	5573	3329S7	3778735	2283943

					31.3.21	31.3.20
		Unrestricted	Restricted	Endowment	Total	Total
		fund	fund	fund	funds	funds
	Notes			5		6
FIXEDASSETS
Tangible assets Investments	9 10	2,327,032		432,753 ~I)8 4	432)753 2525 266	444,411 2,047,272
		24279032		630,987	2,958,019	2,491,683
CURRENT ASSETS
Stocks	I 1	5,741			5,741	5,741
Debtors	12	735024			73,024	198.,540
Cash at bank		58859	5573		64 432	41,947
		137,624	5,573		143)197	246,228
CREDITORS
Amounts falling due within one
year	13	(5,081)			(5,081)	(7,968)
NET CURRENT ASSETS		132,543	~ 573		138U6	238,260
TOTAL ASSETSLESS
CURRENT LIABILITIES		2,459,575	5,573	630,987	3,096,135	2,729,943
PENSION LIABILITY	16			(318,000)	(318,000)	(441,000)
NET ASSETS		2459575	5,573	312,987	1,778,135	233894),
FUNDS
Unrestricted funds					25459,575	1,969,863
Restricted funds					5,573	12,388
Endowment funds					312,987	306,692
TOTALFUNDS					2'778,735	2,288,943

OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
		31.3.21	31.3.20
		8	f,
Fundraising	events - branches	16,348	49,382
INVESTMENT INCOME
		31.3.21	31.3.20
Other fixed	asset invest - FII	8,730	17,314
Deposit account interest		3
		8,733	17,314

4.	RAISING FUNDS	RAISING FUNDS
	Investment management		costs	31.3.21	31.3.20
				g
	Portfolio management			~1176	1,286
5.	SUPPORT COSTS
				31.3.21	31.3.20
	Staffcost			70,256	70,185
	Office equipment	cost		5,659	6,125
	Insurance			4461	3,860
	Light and heat			4,424	5,856
	Telephone			2,000	2,735
	Postage and stationery			3i460	6,424
	Sundries			1,186	51
	Computer expenses			13,776	3,479
	Premises expenses			4,682	5,745
	Subscriptions			856	1,014
	Cleaning			3,664	3,486
	Depreciation			11,658	12,044
	Trustees expenses			113	491
	Accountancy fees			4,740	6,000
	Legal fees			2,818	3,396
				133,653	130,891
	Raising donations	and legacies		6rl583	6,545
	Charitable activities			~126970	124,346
				133,653	130,891

			31.3.21	31.3.20
Depreciation -	owned assets		11,658	12,044
Other operating	leases		5,659	6,125
Amounts payable to independent		examiner	4,740	5,520

There were no Truste 31March 2020.	es' remuneration or ot	her benefits for the year ended 31M	arch 2021 nor for t	he year end
Trustees' expenses			31.3.21 f	31.3.20
Trustees' expenses			113	491
STAFFCOSTS
			31.3.21	31.3.20
Wages and salaries			244,$09	247,989
Social security			19,164	18,997
Pension contributions			1$,060	15,474
			282,033	282,460
The average monthly	number ofemployees	during the year was as follows:
			31.3.21	31.3.20
Service delivery and	outreach		8	8
Administration			4	4
			12	12

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and	Computer
	property	fittings	equipment	Totals
COST
At I April 2020 and 31March 2021	581,083	~30 $95	53,205	665,183
DEPRECIATION
At 1 April 2020	137,$75	30,895	52,002	220,772
Charge for year	~10 455		1,203	11,65$
At 31March 2021	148,330	~30 895	53,205	232,430
NET BOOK VALUE
At 31March 2021	432,753			~432753
At 31March 2020	443,20$	-	l,203	444,41 I

			31.3.21	31.3.20
Shares			2,520,765	2,000,890
Cash investments			4,501	46,382
			2,525,266	2,047,272
Additional	information	as follows:
				Listed
				investments
				f.
MARKET	VALUE
At I April	2020			2,000,890
Additions				5,595
Disposals				(847371)
Revaluations				598,651
At 31March 2021				2,520765
NET BOOK VALUE
At 31March 2021				2,520765
At 31March 2020				2,000.290

	Investments	(neither listed nor unlisted)
			312.21	31.3.20
				I
	Cash account		4,501	46,382
11.	STOCKS
			31.3.21	31.3.20
				8
	Stocks		5,741	5,741
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31,3.21	31.3.20
			8	f.
	Other debtors		149	540
	Prepayments	and accrued income	72,875	198,000
			73,024	198,540
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
	Trade creditors		341	2,448
	Accruals and	deferred income	4,740	5,520
			5,081	7,968
14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operatin	g leases fall due as follows:
	31.3.21	31.3.20
	8
Within one year	4)687
Between one and five years		9,373
	4,687	9,373

MOVEMEN	T IN FUNDS
				Net
				movement	At
			At 1.4.20	in funds	31.3.21
			f.
Unrestricted	funds
General fund			1,969,863	489,712	2,459,575
Restricted funds
Restricted funds			12488	(6,815)	5,573
Endowment	funds
Expendable			306,692	6,295	312)987
TOTAL FUNDS			228)2943	499,192	2,))8,139
Net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses I	in funds
Unrestricted	funds
General fund		127,878	(3629839)	724,673	489,712
Restricted funds
Restricted funds			(6,815)		(6,815)
Endowment	funds
Expendable		8,730	(12,834)	10,399	6,295
TOTALFUNDS		~136 608	~382 488)	735,072	~489 192

Comparatives	for moveme	nt in funds
					Net
					movement	At
				At 1.4.19	in funds	31.3,20
Unrestricted	funds
General fund				2,349,195	(379,332)	1,969,863
Restricted funds
Restricted funds				11,077	1,311	12,388
Endowment	funds
Expendable				371,339	(64,647)	306,692
TOTAL FUNDS				2,731,6l 1	~442,668)	2,288,943
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			306,498	(387,809)	(298,021)	(379,332)
Restricted funds
Restricted funds			27,947	(26,636)		1,311
Endowtnent	funds
Expendable			17,314	(13,330)	(68,631)	(64,647)
TOTAL FUNDS			351,759	(427,775)	(366,652)	~442,668)

			Net
			movement	At
		At 1.4.19	in funds	31.3.21
Unrestricted	funds
General fund		2,349,195	110,380	2,459,575
Restricted funds
Restricted funds		11,077	(5,504)	5,573
Endowment	funds
Expendable		371,339	(58,352)	312,987
TOTAL FUNDS		2731,611	46,524	2,773135

A current yea as follows:	r 12 months and prior	year 12months combined n	et movement in f	unds, included i	n the above ar
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		434,376	(750,648)	426,652	110,380
Restricted funds
Restricted funds		27,947	(33,451)		(5,504)
Endowment	fuads
Expendable		26,044	(26,164)	(58,232)	(58,352)
TOTAL FUNDS		488,367	(810,263)	368,420	46,524

		Defined	benefit
		pension	plans
		31.3.21	31.3.20
Present value offunded obligations		(1,868,000)	(1,745,000)
Fair value ofplan assets		1,550,000	1,304,000
		(318,000)	(441,000)
Present value ofunfunded	obligations
Deficit		~3(0,000	(44(,DOO)
Net liability		(310,000)	(441.000)

		Defined	benefit
		pension	plans
		31.3.21	31.3.20
Current	service cost	8,000	9,000
Net interest trom net defined benefit
asset/liability		39,000	9,000
Past service cost
		47,000	~18 000
Actuarial	(gain)/loss	~136,000	38,000

Changes	in th	e present value ofthe defined benefit obligatio	n are as follows:
			Defined	benefit
			pension	plans
			31.3.21	31.3.20
Opening	defined benefit obligation		1,745,000	1,803,000
Current	service cost		8,000	9,000
Contributions		by einployer	1,000	1,000
Interest	cost		39,000	42,000
Actuarial Benefits	losses/(gains) paid		153,000 178,0007	(31,000) ~79,000
			1,068,DOD	1,745,000

Changes in th	e fair value	of	scheme assets are as follows:
				Defined	benefit
				pension	plans
				31.3.21 f	31.3.20
Opening fair	value ofscheme assets			1,304,000	1,403,000
Interest income on assets				29,000	33,000
Remeasurement gains/losses			on
assets				289,000	(69,000)
Contributions	by employer			5,000	15,000
Contributions Benefits paid	by scheme	participants		1,000 ~70,000	1,000 (79,000)
				1,550 0101	\,3114,00II
The amounts	recognised	in other recognised gains and losses are as follows:
				31.3.21	31.3.20
				f

The major categor	ies ofschem	e assets as apercentage oftotal scheme assets are	as follows:
			Defined	benefit
			pension	plans
			31.3.21	31.3.20
Equities			57.00'/o	52.70'/
Bonds			17.30/o	21.80/o
Property			6.10/o	7.30'/o
Cash			1.40o/o	2.00%
Other			18.20 /o	16.20%
			100.00'/o	16.
Principal actuarial	assumptions	at the Balance Sheet date (expressed as weighted	avemges):
			31.3.21	31.3.20
Discount rate			2 10o/o	2.30'/o
Future salary increases			3.70"/a	3 10%
Future pension increases			2.70'/s	2.10'/o
RPI inflation rate			3.30%	3.30'/o
CPI inflation rate			2 70o/o	2.20/o
Pension accounts	revaluation	rate	2.70'/o	2.20'/o

					Incoming	Resources
				1.04.20	resources	expended	Transfers	31.03.21
Gerald Micklem				1,098		(359)		739
ACT Foundation				1,383		(272)		1,111
HIWCF Family	Days			1,900	534	(2,134)		300
HIWCF Portsmouth		Hub		530		(367)		163
Awards for All				2,777		(2,777)
Geographically	restricted		funds	108		(108)
Eastleigh Mayor				3,006		(601)		2,405
The Scale Trust Fund Portchester Club Cycling				682 500 405		(682) (25) ~767		475 380
				11,077	27,947	~26,6967		5,573

		31.3.21	31.3.20
INCOME AND ENDOWMENTS
Donations and legacies
Donations		7,604	9,917
Legacies		78,832	201,358
Grants		10,886	4,829
Trust fund income		8,613	43,926
		105,935	260,030
Other trading activities
Fundraising events - branches		16,348	49,382
Investment income
Other fixed asset invest - FII		8,730	17,314
Deposit account interest		3
		8,733	17,314
Charitable activities
Resource centre		2,797	12,119
Outreach income and shows		2,498	11,682
Service contracts		297	1,232
		5,592	25,033
Total incoming resources		136,608	351,759
EXPENDITURE
Raising donations and legacies
Direct fundraising costs		11,404	18,149
Other activities		1,023	2,384
		12,427	20,533
Investment management	costs
Portfolio management		1,176	1,286
Charitable activities
Wages		203416	203,801
Resource centre		1,344	7,912
Second sight magazine		5,699	5,376
Carried forward		210,359	217,089

		31.3.21	31.3.20
Charitable activities
Brought forward		210459	217,089
Conferences			3,422
Branch expenditure		69426	32,346
Other charitable activities		18,447	22,208
		235,232	275,065
Support costs
Management
Wages		70,256	70,185
Office equipment costs		5,659	6,125
Insurance		4,361	3,860
Light and heat		4,424	5,856
Telephone		2,000	2,735
Postage and stationery		3,460	6,424
Sundries		1,186	51
Computer expenses Premises expenses		13,776 4,682	3,479 5,745
Subscriptions		856	1,014
Cleaning		3,664	3,486
Freehold property Computer equipment		10,455 ~1203	10,455 1,589
		125,982	121,004
Governaace costs
Trustees' expenses		113	491
Accountancy fees		4,740	6,000
Legal fees		2,818	3,396
		7,671	9,887
Total resources expended		~382 488	427,775
Net expenditure before gains and losses		(245,880)	(76,016)
Realised recognised	gains and losses
Realised gains/(losses)	on fixed asset investments	599,072	(328,652)
Realised gains/losses	on pensions	136&000	(38,000)
Net income/(expenditure)		~489 192	L442, 666688)