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2022-08-31-accounts

Annual Report 2021/22

Including the Trustees' Report and Annual Accounts for the Year Ended 31 August 2022

www.infocus-charity.org.uk

Contents

Introduction

2021/22 was a positive year that saw improved outcomes for our young people and much-needed development of our site.

Introduction 3
Thank you... 4
Our impact
Report of the Trustees		 6
14
Achievements in 2021/22
Objectives for 2022/23		 19
24
Finance and Risk 26
Principle risks and uncertainties 30
Structure, governance and management 32
Reference and administrative details 34
Statement of Trustees’ Responsibilities 35
Independent Auditors Report 36
Accounts and Financial Statements 40

We expanded our Jigsaw provision, welcomed new young people to take up those spaces, and achieved Ofsted “Good” for our Residential Special School. A generous legacy gift received in 2020/21 allowed us to make significant investment in our specialist facilities to create new learning and activity spaces and increase residential capacity. We continued to make improvements to heating, lighting and other critical infrastructure across the site.

After the restrictions of the COVID-19 pandemic we were glad to welcome other charities and organisations to our base in Exeter to work with our young people. These included rugby coaches from Exeter Chiefs, artists from Double Elephant Print Workshop, and musicians from both Wren Music and Live Music Now. All of these activities were based on requests from the young people we support but are only possible thanks to our incredible supporters.

Derek Fargher Chair of Trustees

Most importantly, we gave young people across our charity incredible opportunities to learn, develop and grow. We challenged them to take the chance to try new things and to make the most of their talents. We supported them to be resilient young adults and citizens of the world. Our incredible team of staff encouraged them to step outside their comfort zones, enabling activities like camping under the stars or our annual InFocus walk.

As a result, we ended another year celebrating young people who are ready to move on to the next stage of their lives with the confidence, enthusiasm, and skills to live as independently as possible.

Jane Bell Chief Executive Officer

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InFocus Charity Annual Report 2021-2022

Thank you...

InFocus Charity would like to thank:

Our Ambassadors Michael Caines MBE DL and Judi Spiers.

Jacqui Taylor of Otter Garden Centres for her continued generosity and financial support to our West Hill outdoor learning centre.

Our volunteers across our charity retail (eBay and shops in Honiton, Sidmouth, Exeter Heavitree, Exeter Sidwell Street and Exeter Cowick Street), our horticulture projects at West Hill Outdoor Learning Centre and Topsham Road, and everyone else who volunteers at our main site in so many ways.

All our partner work placement employers.

Our amazing and dedicated staff team.

The parents and carers of our young people.

Our Trustees and advisory members who give their time and expertise so generously.

Former pupils and members of the West of England School Association (WESA)

Volunteer and fundraising groups from:

Launch Online, GWR, Axewoods Co-operative, The King's School (Ottery St Mary), The Royal Navy, BNI City Wall, WSP, Forbes Barber Shop, Thomson Reuters, Fit20 Exeter, Inviron, Exeter College and Stephens Scown.

All our donors and supporters.

Generous donations from:

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InFocus Charity Annual Report 2021-2022

Our impact

together

Travelling by train Accessible rugby training with with GWR Exeter Chiefs Community Coaches

It’s important for our College students to put their learning into practice, especially as they prepare for life after education.

Coaches from our local professional rugby club visited InFocus to learn more about what we do and the people we support. They experienced some of our therapy sessions and found out about what life with a vision impairment might be like.

A group of young people from across InFocus enjoyed experiencing train travel, Braille information cards and the Passenger Assist programme at our local GWR railway station.

On returning to College later in the year they spent time with three of our student groups over a whole term, including a session in our water therapy centre. Some of the people we support have much greater freedom of movement in the water, so it was a great way to help them to get involved with the activities.

For many of our students this was the highlight of their week. The shrieks of laughter, the energy expended, and the bonds built between students and coaches were priceless.

Many of our students have other complex needs including learning disability in addition to their vision impairment. This means that they often find trains and stations to be noisy and sometimes scary places This is especially true if they haven’t been there before or have challenges around mobility.

When you ask our young people what they most enjoyed this year the answer is nearly always “the Exeter Chiefs”.

Our teaching staff, mobility officers and support workers were able to plan a trip away from college using our fleet of vehicles to take students to our local railway station. From there they took a train journey on the GWR mainline to put their theory into practice. All this helps them prepare to live more independently.

Creating a caring community

During the year our young people had access to fun events that developed their independence, increased their confidence, and brought the InFocus community together. Some were celebrations of special occasions like the Diamond Jubilee Street Party. Others were activities away from InFocus like sailing on the river Exe, hiking along the estuary with friends, or travelling around the UK. All were chosen by our young people and are an example of what's possible thanks to the generosity of our supporters and the dedication of our staff.

InFocus Charity Annual Report 2021-2022

Living in the community with just the right amount of support

Celebrating independence

Adam, Jordan and Zoe live in our Supported Living houses.

They’ve all finished College, and now get encouragement and support from our team of staff working in the houses. For some that means help with cooking or learning to manage their bills for the first time. Others might be looking to get into work or start volunteering.

"Sometimes it’s just about having fun and following your dreams, and enjoying your passions"

During the year Adam and Jordan visited the Dinosaurs in the Park exhibition in Exeter’s Northernhay Gardens. Lots of the dinosaurs were life-sized and used animatronics to move.

Adam really loved it:

“Everyone should go and see, it was awesome, just like stepping into Jurassic World”

Adam and Zoe also enjoyed having a go at horse riding, whilst Star Wars fan Jordan visited London to attend the Comicon at the Excel (dressed in his new Snowtrooper costume).

Mobility training as a life-long skill for independence

Many vision-impaired young people struggle with mobility, orientation, and independence issues in daily life. At InFocus, we want to help young people who struggle with mobility, so that they can access their environment as independently as possible.

Mobility training is concerned with equipping visually impaired people with the knowledge, skills and attitudes that are essential for safe and efficient independent movement, that is appropriate to the learner.

Our goal is to enable all our young people to lead full lives – not just academically but socially, physically, and emotionally too. We provide mobility and orientation training to give our students the opportunity to experience activities outside of InFocus.

This allows them to make choices about where they go and what they do.

Craig's story

Craig recently completed his studies at InFocus College and a supported internship alongside his studies.

Having left College, Craig secured a new role at a local community café

Here, he developed new skills working in the kitchen. Having built up significant hospitality experience, and most importantly confidence, Craig then went on to commence a part-time paid position near to his home.

“My advice to students is to stick at what you’re good at, and persevere with it! You can get there in the end with hard work”.

In January we learned that Craig has landed a fantastic opportunity at a community led, not-for-profit coffee shop in South Devon.

Craig has ambitious dreams this year to complete a Baking and Cake Decorating course to one day become a professional cake decorator.

We’re so proud of Craig for pursuing his passions and navigating the world of work with confidence in his abilities. Despite having a vision impairment, Craig has showed that with hard work and determination, the possibilities are endless.

Jeff's story

Jeff recently spent a year at InFocus after completing his A-Levels in a mainstream college near his home.

He still uses his cane if he’s learning a new route, or if it’s very bright outside.

At InFocus Jeff spent time working as part of the ICT support team, and within our own social enterprise eBay store and charity shops. Our Occupational Therapists supported him to build his own repertoire of basic cooking skills, and he can now confidently manage basic household tasks like sweeping up and doing his own laundry.

He has a vision impairment that affects both his eyes and he is registered sight impaired. Jeff was also quite shy around new people.

Jeff arrived at InFocus without much experience of preparing food or taking part in daily household chores. He was independently mobile in the area near to his hometown and had used a symbol cane before, but had been hit by a lack of practice and a loss of confidence which meant that he didn’t go outside the house much unless he really needed to.

Jeff is now looking forward to getting into the world of work and has great plans for an apprenticeship or employment. He’s passionate about YouTubing and sharing his experience of living with vision impairment, and helping people with their own mental health and wellbeing.

“In my old college I only knew particular routes. If I was going with a group of people – if they didn’t go the route I knew it would completely throw me off”.

The change we saw in Jeff was transformational. He has rebuilt his confidence on all the routes in his home town, and can now also travel independently on trains and buses supported by Google Maps. He’s even managed to start doing his own shopping, building the confidence to ask members of the public for a bit of assistance if he needs it.

Life after InFocus

InFocus Charity Annual Report 2021-2022

Report of the Trustees for the year ending 31st August 2022

Introduction

The board of Trustees of InFocus Charity present their annual report and audited accounts for the year ended 31st August 2022 and confirm that they comply with the requirements of the Companies Act 2006, Charities Act 2011 and 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) – (Charities SORP (FRS 102).

The Trustees confirm that they have complied with the duty imposed on them by s17(5) of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

InFocus Charity is a registered charity (registered number 1058937) and company limited by guarantee.

Objectives and Activities

Introduction

The objects of the Charity are:

The relief of persons with a vision impairment and complex needs (whether this is a physical, other sensory or cognitive impairment) by:

InFocus Charity supports the education, care, health and independence of persons with a vision impairment or other sensory impairment. Income is generated from:

Vision, mission and values

Our vision is a world where young people with visual impairment and additional needs are able to take their place in society, where they are valued for their contribution and their rights and independence are supported.

Our mission is to empower children, young people and adults with visual impairment and additional needs to live fulfilling young and adult lives through the delivery of a range of education, care, and support services.

To succeed in our mission we will:

Our Operational Values as a staff team are:

The Community Values (things important to our young people) are:

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InFocus Charity Annual Report 2021-2022

In 2021/22 the charity supported:

Activities

Everything we do is made by possible by a dedicated team of specialist staff that includes:

3939 students in education who attended School (11-16 years) and College (16-25 years)

Young people in education attended InFocus School and College for 38 week, day and residential placements (full or part time). We continued to offer split placements (working in conjunction with other providers) and supported internships (combining education, employability skills training and work experience as part of a stepping stone towards paid employment)

1111 young people who thrived in our supported living accommodation

Residents in supported living accommodation are encouraged to be as independent as possible, with just the right amount of support. This year they followed their dreams and enjoyed getting out and about in the local community and further afield. One of our residents was supported to move on from our provision.

1919 young people living in St David’s House residential care

St David’s is a group of three adapted lodges set in beautiful grounds at the edge of Exeter. Young adults can access some of the InFocus shared facilities. They also enjoy exploring the local area now that COVID-19 restrictions have lifted.

"The teenagers and young adults we support face huge barriers to learning, living and taking an active, independent place in their communities.”

During the year one of our residents was supported to move away from our support and begin the next chapter of his life away from Devon.

1010 people at Jigsaw, a community service for young adults

Jigsaw is a place where young adults living the community can find friendship and enjoy a range of activities with others. During the year we supported one of our College students to begin a gradual transition into community services.

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InFocus Charity Annual Report 2021-2022

Achievements and Performance

Our strategic plan

2021/22 is the third year of our five-year strategic plan. The 2019-2024 Strategic Plan set out ambitious plans for InFocus Charity (WESC Foundation at the time) and how we intend to grow our services and increase the positive impact for our beneficiary group – children, young people and adults with vision impairment and complex needs.

The plan sets out five key objectives, underpinned by a financial strategy and a marketing and communication strategy. It describes how over the five years we will make sure we get the basics right, whilst reaching towards improvement, innovation, and expansion.

We will offer a personalised We will support young people preparation towards leading and adults to live an independent a fulfilling adult life through and fulfilling life in the community our School and College through excellent care and provision and education support services and community outreach. outreach programmes.

1 IMPROVE EDUCATION

2. EXPAND ADULT CARE

3. USE OUR KNOWLEDGE We will share our knowledge and resources with our local community, with 5. STRENGTHEN THE professionals and ORGANISATION within our sector so that more people can We will be a well led, benefit from our work effective and sustainable and expertise. organisation and a great employer.

----- Start of picture text -----
4. DEVELOP
THE SITE
----- End of picture text -----

We will modernise and create improved spaces on our site which promote independence and enhance learning and living at InFocus.

Achievements in 2021/22

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InFocus Charity Annual Report 2021-2022

Objective 1

Objective 3

To offer education and learning opportunities to young people and adults with vision impairment and complex needs that enables and supports them to live their best life

During the year we strengthened our vision impairment advisory team with the appointment of a new lead advisory teacher, Braille teacher and Braille/tactile resources technician. They have already had an impact across the College.

We welcomed our new Principal, Jason Ryder, in August 2022 who will be working alongside Martyn Cox, Interim Principal until Martyn leaves at the end of October 2022. Jason will commence his role as Principal from the beginning of Autumn term 2022 and will continue to embed the new curriculum and the College improvement journey.

The College was re-inspected, and whilst we were not able to move to Ofsted “Good”, the inspectors did identify where clear progress was being made. Rapid improvements have been made across education, including a revised curriculum for College. This now focuses on preparation for adulthood and functional work skills, all based around a student’s “voice and choice”.

InFocus supported the final students from InFocus school to transition to our College and other destinations. From September 2022 all our students will be educated in our specialist Post-16 College.

Objective 2

To support young people and adults to live a fulfilling life by providing a range of adult care and support services in the community

A loan has been agreed in principle with CAF Bank to purchase a second care home in Devon for up to 5 young adults. Whilst a number of properties have been viewed, we are yet to find suitable premises. This continues to be a priority and we hope to secure new premises in 2023, ready to open in 2023/24.

Substantial refurbishments to existing facilities were completed which enabled us to expand and create 7 additional spaces in Jigsaw. The service will be operating at increased capacity from September 2022.

Supported Living will be full across four properties from September 2022, and young adults continue to thrive there. A review will take place in early 2022/23 with a view to future expansion.

The therapy team now works from the heart of the College campus and is better integrated into the College learning day. However, we are still struggling to recruit nurses into the Health and Therapy team.

To share our knowledge and resources with our local community, professionals and the sector so more people can benefit from our work and expertise

InFocus commissioned an independent feasibility study to explore the demand for a new service for vision impaired adults living in the community. It found a lack of service in this area, but also a lack of funding to initiate anything new. The skills centre will now be developed as part of our College offer, with provision available to the local community as appropriate.

We promoted our CVI Range Assessments at external events and through our digital channels. In 2021/22 we carried out four new external assessments.

In-house training around supporting people with vision impairment has been reviewed and updated and rolled out to all InFocus staff and trustees. It is now available to external partners and professionals within the sector.

InFocus takes part in the Devon and Torbay VI Network. We also shared our knowledge with partners including Exeter Chiefs Community Coaches (to help prepare for service delivery with our young people) and training staff from GWR’s Passenger Assist programme. Through this work we have helped to make sure that all people with vision impairment can get the best support when travelling into Devon on the rail network.

InFocus Charity Annual Report 2021-2022

Objective 4

Objective 5

To be a well led, effective, safe and sustainable organisation and a great employer

To modernise and develop the InFocus living and learning spaces on our site to meet the needs of young people now and in the future

The Burrington Bungalow has been completed, and refurbished accommodation in the Slade Flat has now opened. This has added seven new spaces to the student village.

New marketing and fundraising staff were appointed during the year as part of the Trustees’ investment in engaging with local and regional funders, and reaching out to potential users of our services.

Living spaces are now more homely and practical for our young people to enjoy. A new bathroom and lounge in Nell Arran have added to our accessible facilities, complete with in-room hoisting.

New learning spaces have also been created for specific activities. This includes the Skills Centre training kitchen and creative spaces, and using the Hub as a resource room and common room for InFocus College. During the summer substantial improvements to the College Hall included a new floor, new heating system and a lowered ceiling. This project also included enhancing the acoustics within the hall and creative a better sensory environment for the complex needs and vision impairment of the young people we support. This means that the hall is now used as a flexible dining, therapy and activity space.

We now have a regular presence in networking groups in the city (contributing over £10k in year to support our work).

The new InFocus branding and associated platforms have helped increase our network of supporters.

A new welcome area for College students and improved wayfinding are now in place around the site. Land management and facilities management now work together as one team to develop and manage our grounds.

We took the opportunity to strengthen our leadership team and redefine areas of responsibility.

These capital projects were funded from the estate of one of our late supporters, Mrs Golding. There was also new furniture, paid for by a gift from the W.K. Hutchings Charitable Trust, which has turned the College Hall into a pop-up dining facility.

Safeguarding is now judged as effective (Ofsted College inspection report, April 2022). Ofsted recognised the way that safeguarding has been prioritised within the organisation and the work that has taken place to develop a secure culture of safeguarding across InFocus.

We also completed electrical works in the hydrotherapy pool using funds from charitable trusts, and refurbished part of St David’s House using private donations.

Recruitment remained a challenge throughout the year, despite several recruitment campaigns. The Trustees took the decision during the year to apply a pay award from September 2022 (excluding Senior Management) to support staff

with the continued increase with the costs of living. This decision was taken despite only a moderate fee increase from September 2022.

InFocus continue to invest in technology and the ICT infrastructure which has been substantially improved over the last two years. InFocus achieved Cyber Essentials and IASME Governance for the fourth year. Following development work within the MIS data management system we plan to move all care plans to an electronic version during 2022/23.

InFocus Charity Annual Report 2021-2022

Objectives for 2022/23

Quality of provision

Learning is delivered according to the new curriculum that helps prepare young adults in College for adulthood. It is fully embedded across all learning pathways (evidenced by internal audit).

Introduction

There are several key themes for our 2022/23 objectives, each with objectives for what we want to have achieved by the end of the year.

Our people

Our College, health, therapy, marketing, fundraising, and catering teams are fully staffed.

We have reduced our reliance on agency staff so that 90% of people working in residential care are InFocus employees.

The staff survey has been completed and the results show that the revised Staff Forum is effective.

A remuneration policy is in place.

Timely compliance with our training programme is 100%, attendance at training has improved (compared to 2021/22), and the impact of training is measurable.

A Trustee board of at least 10 members is in place.

Development projects

The Skills Centre is having a positive impact on student experience and outcomes.

More residential spaces have been refurbished across College, Mulberry Lodge and Supported Living, and there is a long term plan to fund the improvement of existing spaces and increase capacity.

The new care home has been purchased and equipped ready for occupation in 2023/24.

A plan is in place to expand Supported Living during 2023/24.

The new ICT connection to St David’s House and the electric gate site access system are operational.

There is a programme of cyclical maintenance and summer works.

Operations and commercial

We have reduced our usage of gas and electric (number of units used compared to 2021/22).

InFocus College is judged to be making significant progress at the next monitoring visit (Ofsted).

Every College student has had meaningful access to work preparation and work experience.

There is measurable impact of therapeutic input for each young person.

Our VI practice in classrooms has continued to improve and the impact is measurable.

Active Support is at the heart of our College Residential support team’s approach to care (evidenced by internal audit), and has made a measurable impact on our students.

St David’s House is rated Outstanding and College Residential is Good or better (CQC).

Safeguarding is deemed effective across all inspections (evidence from inspection narratives). The new lockdown procedure has been implemented and tested. There is 100% compliance with the timelines for external referrals.

Operational improvements

Our admissions and assessment process has been reviewed and is supported by a new “marketing for admissions” strategy

Referrals for our community services have increased.

We have effective links with VI networks and organisations (membership, regular attendance at meetings, communications from networks and organisations show strong link with InFocus).

We have shared our offer more widely (including offering more external assessments, and a published external training offer for supporting people with complex needs and VI/CVI ) and increased our beneficiary numbers.

Catering for young people is appropriate and promotes independence (according to feedback from young people and the staff who support them), has less waste and is more cost-effective.

ICT infrastructure improvements are complete.

The technical link between the HR and payroll systems has been reviewed and is working effectively.

The total profits from charity retail, and profits from commercial catering, have increased.

Our West Hill Outdoor Learning Centre is running a profitable forest school and is delivering an ongoing programme of income-generating activities.

There is an achievable plan to raise £300k of unrestricted fundraising income over the next two years.

The level of reserves meets the amounts identified in the Reserves Policy.

InFocus Charity Annual Report 2021-2022

Finance and

Risk

Income and Expenditure

The cost-of-living crisis began to take hold during the second half of the 2021/22 year and has continued to have an impact on everyone’s way of life and our charity’s income and expenditure.

The end of year financial statements show a consolidated income for the year of £8,334,949 with expenditure totalling £7,964,803

The end of year consolidated accounts including net realised and unrealised gains from investments reported a surplus of £333,519. This was greater than previously budgeted and was a result of a number of factors:

Staffing

Recruitment and retention continued to be a challenge during the year, and we saw staff leaving for better-paid roles in other sectors as the energy crisis and other cost-of-living challenges took hold. There were key roles that remained unfilled at the end of the year. These ongoing vacancies and a rise in COVID-19 cases resulted in shifts that required filling through overtime and/or agency staff.

Agencies also felt the impact of the same challenges which resulted in a reduction of agency staff being available, many vacant shifts were covered internal through overtime and not through agency staff so avoiding the considerably agency on-costs.

Sales benefitted from a shift in attitude towards buying used items, as well as consumers changing their shopping behaviour as the economic pressure increased towards year end. At the end of the year social enterprise achieved an overall gross income of £474,673 against a budget of £434,489 (including Gift Aid).

Fees

The fee increase (delayed from 2020/21) was implemented at the start of the year. However, securing the increase proved challenging with some local authorities, despite the extended notification and delayed implementation from 2020/21. The impact of this was that many fees were not agreed or invoiced until later in the term, despite the students returning at the beginning of term. This had a negative impact of cashflow. In addition, some packages were adjusted in-year which resulted in a reduction of expected fee income.

Due to staffing levels, we have been unable to offer the additional ad hoc respite which has resulted in a significant reduction in respite income compared to previous years (pre-COVID). During the year the target income for respite was reduced from £290,000 to £124,539 and achieved an actual end of year income of £115,187. We hope to return to offering the additional respite during 2022/23 as staffing levels improve.

WESC Enterprises

Social Enterprise

All charity shops were open at the start of the year following the removal of previous COVID-19 restrictions. Long-term sickness and other staffing issues caused an increase in costs for some of our shops, and reduction in trading hours for another.

Stock levels increased, partly thanks to targeted business networking across Exeter and East Devon. This helped sales on our eBay platform as well as providing higher-value items to all our charity shops. We also benefitted from stocking high-value vintage and retro items under a new brand.

The facilities hire fees lost during 2020/21 but this returned to pre-pandemic levels in 2021/22, primarily driven by the return of groups hiring the swimming pool.

Plymouth University students gradually returned to site, but in lower numbers than before the pandemic. This, combined with the cost-of-living pressures on our own staff, prevented further growth in sales in the InFocus café.

At the start of the year, WESC Enterprises predicted a surplus of £67,754. At the end of the year the recorded income was £304,732 with expenditure of £217,613 giving an end of year surplus of £87,119. The Board of WESC Enterprises plans to Gift Aid this surplus to InFocus Charity.

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InFocus Charity Annual Report 2021-2022

Lease properties

As advised by the Auditors, InFocus instructed Stratton Creber Commercials to carry out a revaluation of the investment properties which are currently leased to Plymouth University. The valuation resulted in an unrealised recognised gain of £92,500.

Fundraising

We were unable to fill two critical fundraising roles for most of the the year, resulting in redued costs of fundraising. Despite this we exceeded the income target for unrestricted fundraising through a series of challenge events, corporate engagement and grants from charitable trusts.

Unrestricted fundraising realised an income of £107,493 against a predicted target of £65,000.

Restricted fundraising realised an income of £36,637 against a predicted target of £145,000.

The cost of fundraising for the year is £33,502.

Reserves and financial health

The Board of Trustees receive monthly management accounts and key performance indicators to ensure oversight of the finances, budgets and expenditure against budgets together with cash flow, an analysis of debtors and creditors and other key factors which influence our financial well-being.

During the year there are two budget reforecasts to ensure that the budget remains on track as much as possible. During this process the Director of Quality and Business Resources (Director of Operations from 1 August 2022) and Finance and Payroll Manager meet with all budget holders to review in-year spending.

Restricted funds are regularly considered by members of the Executive team. They review applications made for specific projects or equipment which directly benefit the young people at InFocus Charity using funds raised that are restricted to certain areas of activity.

The InFocus Charity reserves policy states that we should aim to hold unrestricted reserves of:

4 months Operating Reserves
(free reserves)
Death or loss of contract for
service user (designated Funds)
Site Improvement
(designated Funds)		 £2,500,000
£200,000
£500,000
Total target reserves
including designated funds)		 £3,200,000

InFocus Charity calculates operating reserves (free reserves) as that of total charity reserves less tangible fixed assets and restricted reserves. As of 31st August 2022 total free reserves were £2,331,529, the operating reserves on the above agreed calculation basis were just over 3.7 months (excluding designated funds). Trustees remain mindful that our current levels are just below the agreed 4 months operating reserves and increasing this remains a priority for the Trustees and Executive team.

In addition to increasing our reserves in line with the InFocus reserves policy, the Trustees are mindful of the effect the increased cost-of-living is having to monthly operating costs. As of the 31st August the average monthly operating costs were just over

£660k. During 2022/23 the reserves policy will be reviewed to reflect the ongoing increases.

The Trustees continue to monitor the ongoing impact of the increased cost-of-living and rising energy prices. The Trustees have agreed a rolling three year forecast and will continue to monitor inyear performance through monthly management accounts.

Increasing the number of students in College remains a priority. We still intend to purchase, staff and open a second residential care home in 2022/23, as well as complete a review of supported living accommodation ahead of possible expansion. All of these areas will have a positive impact on the financial position of InFocus. In addition, we will be reviewing our income generating activities to ensure that these sources of revenue continue to make a contribution to our work with the young people we support.

During 2022/23 we will continue to review energy saving solutions across the site.

The Board monitors financial resilience and currently maintain a reasonable level of reserves. Taking the information available into consideration the Trustees are satisfied that there are no material uncertainties around the ability of InFocus Charity and WESC Enterprise to continue as a going concern for at least the next 12 months.

Investments

Cash flow was a concern at the start of the year as a result of the delayed fee increase planned for 2020/21 and a delay in local authorities agreeing the revised fees. The Trustees agreed a drawdown of £300k from the short-term income & reserves fund in December 2021 to ease cashflow concerns. The long-term investments saw a positive start to the year however the impact of the cost-of-living increases and the geopolitical situation in Eastern Europe has seen volatilities within the investment markets.

Trustees remain positive about the management of the long-term investments and the overall performance since inception of the investments held with Sarasin and Partners:

Value as of
31 August
2021		 Value as of
31 August
2022
Total value of
investments
held with
Sarasin and
Partners		 £1,670,457* £1,231,215

The Board remain confident that the funds are being effectively actively managed by Sarasin and Partners and are in accordance with InFocus Charity’s investment policy.

Pension Obligations

Staff are ordinarily enrolled in one of three principal pension arrangements as employees of InFocus Charity. The InFocus Pension schemes are with AVIVA (previously Friends Life, now closed to new entrants), NEST and the Teachers’ Pension. As of 31st August 2022 there are 9 staff in the Teachers’ Pension, 22 are in AVIVA, 161 are in NEST pension scheme and 1 employee has individual pension arrangements. All details of the commitments under the pension schemes are contained within note 27 of the financial statements.

Depreciation

During the year and in consultation with PKF Francis Clark, management reviewed and reclassified certain fixed assets. This resulted in a reduction in the overall annual depreciation charge of £195k compared with the 2020/21 figures which had a positive impact to the end of year statutory surplus. Further details are shown in Note 16. An in-year correction has been applied to rectify historic allocation of depreciation against fixed asset funds.

InFocus Charity Annual Report 2021-2022

Principal risks and

uncertainties

The Board of Trustees are responsible for the overseeing of risks faced by InFocus. The risk register is reviewed three times a year by the Business Affairs Advisory Committee with any recommendations for changes being agreed at the Board.

Detailed analysis of the risks is delegated to the Executive team. These are identified, assessed and controls established to mitigate the risk.

The principal risks that the Board of Trustees identified during 2021/22 are:

Staffing

The pandemic caused many people to think about their lifestyles and working habits. Many people left the workforce. The agency staffing anomaly (see above) contributed to an increase in the end of year operating surplus this year. The decision to increase salaries from September 2022 started to see an improvement in recruitment but without a guarantee of fee uplift we are simply unable to sustain increases in staff salaries year on year. This makes it difficult for the care sector (including InFocus) to compete with employers in other sectors like supermarkets.

These factors continue to challenge our recruitment and retention of staff. We saw young people at InFocus kept safe, and making progress in 2021/22, but so much of what we do relies on recruiting and retaining the best staff. Without them we risk compromising the quality and availability of our provision.

Work is underway to review and improve staff engagement and retention (through remuneration, benefits and culture). We have invested in recruitment, and reviewed our onboarding process. We hope that this work will help to mitigate this risk.

Student Numbers

Impact of the SEND Review

The SEND Review green paper was published in March 2022. Its primary focus was on school education without addressing SEND provision in Further Education (FE). Two issues of concern stood out from the paper:

The proposed creation of fee “bands” would cause challenges around costing the individualised care packages that our vulnerable young people often require. Also, parents’ role in helping to identify and name a provision for their children could be at risk.

Local Authority commissioning

In 2021/22 we found some of our commissioning authorities were unable to agree any kind of inflationary increase in fees to help deal with rising costs. In some authorities there is also a constant need to prove value for money when placing in independent specialist provision like InFocus College.

Within the residential adult social care we found local authorities were more proactive with regards inflationary yearly uplifts.

We anticipate that the challenges around inflationary increases to continue, and will engage in early conversations regarding proposed uplifts for future years.

Feeder schools

The InFocus School closed in July 2022. Parents across our sector had become reluctant to send young children away from home to a residential special school setting. Local authorities have also been more reluctant to fund school-aged children in specialist settings like InFocus.

Although numbers had been in decline over many years it was still a source of students who would naturally transition into InFocus College. Our marketing strategy for 2022/23 includes plans to develop partnerships with new feeder schools to ensure that student numbers at InFocus College continue to grow.

What we're doing

In 2022/23 we will agree a new marketing for admissions strategy to help us grow our beneficiary numbers across our services (including College). This will include reviewing the messaging around the cohort of young people we support. We know that some parents of children with a vision impairment don’t initially thing about us; they see their child’s additional needs as the thing they support day to day with the vision impairment often being missed or ignored.

Evidencing value for money and quality of provision will be key in helping to positively influence the number of young people accessing services at InFocus.

Quality of Provision (Ofsted Grades)

An inspection of our residential education provision by Ofsted judged it to be Good.

InFocus School closed at the end of the Summer Term 2022 following a decision by the Trustees in 2021.

A full inspection of InFocus College in April 2022 judged “Behaviours and attitudes” and “Personal development” to be good, but that “Quality of education” and “Leadership and management” still required improvement. Areas of progress were recognised, but we also know that we need to ensure our curriculum is appropriate as we move towards being a college-only education provider. There are effective improvement plans in place for the College, including embedding a new curriculum. All are tested through internal audit, learning walks and external scrutiny from Trustees, external advisors and other education and care leaders.

Risk of cyber attack

The Trustees recognised the heightened risk of cyber-attack, evidenced by the increasing number of incidents across all sectors. We continue to maintain IASME Governance and Cyber Essentials which is a recognised standard that assesss organisations against five basic security controls. During the year we implemented mandatory cyber security training for all staff.

A disaster recovery plan is in place, together with a business continuity plan. Both documents are reviewed regularly.

InFocus now has cyber insurance in place, together with appropriate and relevant anti-malware protection. We also engaged a third party to carry out penetration testing on our systems.

Energy crisis

Increased utility charges will have a significant impact on our budget and financial priorities, and also could threaten our ability to operate parts of our site.

We aim to reduce our energy consumption on site during the year (based on units used). High-cost heaters have been removed, and usage is being monitored across the site (especially opportunities for water leaks). Staff are actively encouraged to be considerate of energy use and to recommend energy-saving measures, whilst lighting is gradually being replaced with energy-efficient options. We have reviewed areas where changes can make a positive change such as new covers for the pools on site.

Conclusion

Many of the principal risks from 2021/22 will continue to challenge us during the coming year. It is critical that we continue to reduce our energy use, develop new and existing revenue streams, and develop our fundraising income to support the financial challenges our sector faces. Our services need to demonstrate both quality and value for money if we are to increase the number of people that the charity supports. This is particularly important in our education provision. Finally, our team of expert staff and a resilient digital infrastructure are both critical to our dayto-day operations.

The Trustees will continue to monitor these risks through a revised Risk Register from Autumn 2022.

InFocus Charity Annual Report 2021-2022

Structure, Governance and Management

Board of Trustees

Expenses can be reimbursed. The Board of Trustees conduct their business in line with the Charity Commission Governance Code.

At the end of August 2022 InFocus Charity had 7 serving Trustees chaired by Derek Fargher who was appointed Chair in December 2021.

Legal Structure

During the year three Trustees resigned (one had reached the end of their term and two for personal reasons) and we recruited two Trustees. There are two Trustees who will reach the end of their terms of office during the coming two years and we are actively recruiting new Trustees with relevant experience to provide effective governance. As a result of a Trustees skills audit completed during 2021/22 the Board are aware of the skills and expertise required to strengthen the Board.

InFocus Charity is a company limited by guarantee registered in England and Wales with company number 06928379 and charity number 1058937-1.

InFocus Charity is linked by the Charity Commission for accounting and reporting purposes with InFocus Charity (West of England), an unincorporated charity registered in England and Wales with charity number 1058937 and which previously undertook the operations of InFocus. The trustees of InFocus Charity are also the only trustees of InFocus (West of England). InFocus Charity (West of England) is currently the main reporting charity for the purposes of the Charity Commission although this charity is now dormant with all InFocus assets being held by, and all operations being conducted through InFocus Charity.

The Board has three sub-committees which each met three times during the year. On each committee there are nominated Trustees and each committee is Chaired by a Trustee. The committees are:

Executive Team

The Board of Trustees delegates the operational management of InFocus Charity to its Chief Executive who works with an Executive team, as of the 31st August 2022 these were:

During 2021/22 the Trustees held:

Trustees also actively engage in training which includes mandatory safeguarding training.

InFocus Trustees as at 31 August 2022 were:

Staffing

On 31 August 2022 InFocus Charity was employing 226 staff (including 34 bank staff) (158.5 FTE). As is the case elsewhere in the care sector recruiting support staff remained a challenge despite increasing resources for staff recruitment.

All Trustees give of their time freely and no remuneration was paid in the year.

InFocus is required by law to publish an annual

gender pay gap report, based upon a snapshot date of 5th April annually.

Mean Gender pay gap: The difference between the mean hourly rate of pay of men and women is –8%

Median Gender Pay Gap: There is –2.8% difference between the median hourly rate of pay for men and women.

No bonus payments are paid to InFocus employees. We do not operate a performance related pay system. Our principles are to pay our staff a fair salary that is competitive with the charity sector, proportionate to the complexity of each role and responsibility and in line with our charitable objectives.

Equality, diversity and inclusion

InFocus is committed to working towards the vision of a world where people who are blind and partially sighted enjoy the same rights, responsibilities, opportunities and quality of life as people who are sighted. We also recognise that people are not all the same, that people are different and have different needs and experiences.

InFocus respects and welcomes the diversity of experience and background of all the people who work for and with us. As part of this commitment InFocus continues to retain its status as a Disability Confident Employer.

The young people who attend InFocus are visually impaired and many have additional disabilities and come from a range of cultural and minority backgrounds. Our prime objective is to enable all our young people to reach their personal potential in a happy, challenging and caring environment that acknowledges their individual strengths and challenges. Part of how we do this is living out our community values of “a sense of belonging” and “respect and kindness”. We regularly promote and educate our young people about events and customs from other cultures and faiths. Support across our services adapts to meet the needs of our students (e.g. facilitating access to places of worship, or adapting diets to reflect different cultures.

Fundraising

Fundraising was overseen by the Head of External Affairs. The main fundraising activities were: applications to charitable trusts and foundations,

sponsored challenge events, and approaches to individuals.

A professional fundraiser assisted InFocus in preparing applications to charitable trusts for part of the year (covering vacancies in the fundraising team). Their work was monitored through regular meetings and discussions with the Head of External Affairs. All communication with charitable trusts (including submission of applications) was carried out by staff directly employed by InFocus.

No fundraising was carried out by commercial participators.

InFocus Charity is registered with the Fundraising Regulator and subscribes to the Code of Fundraising Practice. It sets the standards that apply to fundraising carried out by all charitable institutions and third-party fundraisers in the UK. This includes practice on accepting donations from vulnerable people (including those who may not have the capacity to make an informed decision) and the creation of proper fundraising materials that do not mislead (or are likely to mislead) members of the public.

No complaints about fundraising activity were received during the year.

WESC Enterprises

InFocus Charity has a wholly owned subsidiary called WESC Enterprises. All trading that is not aligned with our core objectives is carried out by WESC Enterprises. WESC Enterprises is chaired by Derek Fargher.

As of the 31 August 2022 the WESC Enterprises Board consisted of:

This Trustee report is therefore a consolidated Directors’ report relating to InFocus Charity and its subsidiary WESC Enterprises. However, the greatest emphasis for this report is the activities of InFocus Charity as a charitable organisation.

InFocus Charity Annual Report 2021-2022

Reference and administrative details

Registered charity name: InFocus Charity

Charity registration number: 1058937 Company registration number: 06938379

Registered office: Topsham Road, Countess Wear, EXETER, EX2 6HA

Trustees:

Sub-committee advisory members:

Ambassadors: Michael Caines MBE • DL Judi Spiers

Chief Executive Officer: Jane Bell

Executive Team:

Statement of Trustees’ Responsibilities

The Charity Trustees (who are also Directors of InFocus Charity for the purposes of Company Law) are responsible for preparing a Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare Financial Statements for each year which give a true and fair view of the state of affairs of the Charitable Company and the Group and of the incoming resources and application of resources, including the Income and Expenditure, of the charitable group for that period. In preparing these Financial Statements, the Trustees are required to:

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

In so far as the Trustees are aware at the time of approving our Trustees’ Annual Report:

The Trustees approve the Trustees’ Annual Report, including approval in their capacity as company directors of the Strategic Report contained within it, on 8 December 2022.

Company Secretary: Mrs J Nutt

Auditors: PKF Francis Clark, Centenary House, Peninsula Park, Rydon Lane, EXETER, EX2 7XE

Legal advisors:

Derek Fargher, Chair of Trustees

Investment Managers: Sarasin and Partners, Juxon House, 100 St Paul’s Churchyard, LONDON, EC4M 8BU

Bankers:

Insurance: Venture, Bank House, Burlington Road, Redland, BRISTOL, BS6 6TJ

Independent Auditors Report

to the Members of InFocus Charity for the year ended 31 August 2022

Opinion

We have audited the Financial Statements of InFocus Charity (the “Charity”) for the year ended 31 August 2022 which comprise the Group Statement of Financial Activities, Group and Parent Company Balance Sheets, Statement of Consolidated 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), including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland.

In our opinion, the financial statements:

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity 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 Charity’s ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

Matters on which we are required to report by exception

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

Responsibilities of the Trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 35, the Trustees (who are also the Directors of the Charity 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 they 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.

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 an auditor’s report 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. Mis-statements 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:

InFocus Charity Annual Report 2021-2022

As part of our audit planning, we obtained an understanding of the legal and regulatory framework that is applicable to the Charity. We gained an understanding of the Charity and the industry in which the Charity operates as part of this assessment to identify the key laws and regulations affecting the Charity. As part of this, we reviewed the Charity’s website for indication of any regulations and certification in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were Charity Legislation, Ofsted, compliance with the Care Quality Commission (“CQC”), safeguarding, health and safety regulations and The General Data Protection Regulation (“GDPR”). We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We discussed with management and trustees how the compliance with these laws and regulations in monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the Charity complies with laws and regulations and deals with reporting any issues if they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the Charity’s ability to continue trading and the risk of material mis-statement to the accounts.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:

• Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements. As part of these enquiries we also discussed with management whether there have been any known instances, allegations or suspicions of fraud, of which there were none.

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 auditor’s report.

Use of our Report

This report is made solely to the Charity’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 Charity’s members those matters we are required to state to them in an auditor’s 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 Charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephanie Henshaw (Senior Statutory Auditor)

For and on behalf of

PKF FRANCIS CLARK, Chartered Accountants & Statutory Auditor Centenary House, Peninsula Park Rydon Lane, Exeter, EX2 7XE

Date: 16th December 2022

• Reviewed Board minutes.

As part of our enquiries we discussed with management whether there have been any known instances, allegations or suspicions of fraud, of which there were none. We evaluated the risk of fraud through management override. The key risks we identified were management bias in accounting judgements and estimates. We also evaluated the risk of fraud through misapplication of grant funding.

In response to the identified risk, as part of our audit work we:

• Audited the risk of management override of controls, including through testing journal entries and other adjustments or appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business of which there were none.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material mis-statement in the financial statements. This risk increases the further removed non-compliance with laws and regulations is from the event and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.

InFocus Charity Annual Report 2021-2022

Consolidated Statement of Financial Activities (including Income and Expenditure Account)

31 August 2022

Accounts and

Financial Statements

31 August 2022
Expenditure Account)
Unrestricted Restricted 2022 Total 2021 Total
funds funds funds funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 158,380 36,637 195,017 721,186
Charitable activities 5 7,581,319 35,398 7,616,717 6,644,403
Other trading activities 6 304,732 - 304,732 191,227
Investment income 7 30,742 - 30,742 45,682
Other income 8 156,547 31,194 187,741 151,098
─────── ─────── ─────── ───────
Total income 8,231,720 103,229 8,334,949 7,753,596
═══════ ═══════ ═══════ ═══════
Expenditure
Expenditure on raising funds 9 240,645 - 240,645 245,765
Expenditure on charitable activities 10 7,546,023 178,135 7,724,158 7,694,005
─────── ─────── ─────── ───────
Total expenditure 7,786,668 178,135 7,964,803 7,939,770
═══════ ═══════ ═══════ ═══════
Net unrealised gain / (loss) on 12 92,500 - 92,500 -
revaluation of fxed assets
Net realised and unrealised gains / 12 (129,126) - (129,126) 128,807
(losses) on investments
Transfers between funds (560,597) 560,597 - -
─────── ─────── ─────── ───────
Net income/(expenditure) and net (152,171) 485,691 333,520 (57,367)
movement in funds
═══════ ═══════ ═══════ ═══════
Reconciliation of funds
─────── ─────── ─────── ───────
Total funds brought forward (2021) 8,141,094 1,115,742 9,256,836 9,314,203
─────── ─────── ─────── ───────
Total funds carried forward 7,988,923 1,601,433 9,590,356 9,256,836
═══════ ═══════ ═══════ ═══════

The statement of financial activities includes all gains and losses recognised in the year.

40

InFocus Charity Annual Report 2021-2022

Statement of cash flows

Balance Sheet

Year ended 31 August 2022

Year ended 31 August 2022
Note 2022 2022 2021 2021
Group Charity Group Charity
Fixed assets £ £ £ £
Tangible fxed assets 16 6,291,302 6,291,302 6,246,538 6,246,538
Investments 17a 1,229,929 1,230,029 1,659,110 1,659,210
Investment properties 18 515,000 515,000 422,500 422,500
─────── ─────── ─────── ───────
8,036,231 8,036,331 8,328,148 8,328,248
Current assets
Debtors 19 390,861 374,739 798,663 865,962
Investments 17b 1,286 1,286 11,347 11,347
Cash at bank and in hand 25 1,795,672 1,715,840 585,169 498,167
─────── ─────── ─────── ───────
2,187,819 2,091,865 1,395,179 1,375,476
Creditors: amounts falling due within 20 633,694 624,859 466,491 452,717
one year
─────── ─────── ─────── ───────
Net current assets 1,554,125 1,467,006 928,688 922,759
─────── ─────── ─────── ───────
Total assets less current liabilities 9,590,356 9,503,337 9,256,836 9,251,007
─────── ─────── ─────── ───────
Net assets 9,590,356 9,503,337 9,256,836 9,251,007
═══════ ═══════ ═══════ ═══════
Funds of the charity
Restricted funds 1,601,433 1,601,433 1,115,742 1,115,742
Unrestricted funds 7,988,923 7,901,904 8,141,094 8,135,265
─────── ─────── ─────── ───────
Total charity funds 21 9,590,356 9,503,337 9,256,836 9,251,007
═══════ ═══════ ═══════ ═══════
Year ended 31 August 2022
Note 2022 2021
Cash fows from operating activities: £ £
Net cash provided by operating activities 1,329,455 (47,274)
─────── ───────
Cash fows from investing activities:
Purchase of property, plant and equipment (449,749) (193,492)
Investment additions - (11,525)
Investment income 30,742 45,682
Proceeds on disposal of investments 300,055 -
─────── ───────
Net cash used in investing activities (118,952) (159,335)
Change in cash and cash equivalents in the reporting period 1,210,503 (206,609)
─────── ───────
Cash and cash equivalents at the beginning of the reporting period 585,169 791,778
─────── ───────
Cash and cash equivalents at the end of the reporting period 25 1,795,672 585,169
═══════ ═══════
Net income / (expenditure) for the period 333,520 (57,367)
Depreciation 404,985 600,307
(Gain)/loss on investments 129,126 (128,807)
(Gain)/loss on investment property (92,500) -
Investment income and bank interest (30,742) (45,682)
(Increase) / decrease on debtors 407,801 (368,036)
(Increase) / decrease on current asset investments 10,061 (11,252)
(Decrease) / increase on creditors 167,204 (36,437)
─────── ───────
Net cash provided by operating activities 1,329,455 (47,274)
═══════ ═══════

The statement of financial activities includes all gains and losses recognised in the year.

The profit in the parent charity’s accounts is £252,330 (2021: loss of £33,900).

These financial statements were approved by the board of trustees and authorised for issue on 8th December 2022 , and are signed on behalf of the board by:

Mr D Fargher, Chair of Trustees Company registered number: 06938379

InFocus Charity Annual Report 2021-2022

Notes to the Financial Statements year ended 31 August 2022

1. General information

The charity is a private company limited by guarantee, registered in England and Wales.

The address of the registered office is Topsham Road, Countess Wear, Exeter, Devon, EX2 6HA. The charitable entity is a public benefit entity.

2. Accounting policies

(a)Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)), the Companies Act 2006 and the Charities Act 2011. There were no material departures from FRS 102 or the Charities SORP (FRS 102).

(b) Basis of preparation

The financial statements have been prepared on the historical cost basis except to the extent that certain assets are carried at fair value as explained below.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(c) Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertaking drawn up to 31 August 2022.

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

No separate SOFA has been presented for the Charity alone as permitted by S.408 of the Companies Act 2006.

(d) Going concern

In making their assessment of going concern the Trustees have considered cashflow forecasts for the next 12 months and beyond and the impact of Covid-19 on the charity and its subsidiary. They are satisfied that there are no material uncertainties about the group's ability to continue. Further details on this assessment are in the Trustees’ Report.

(f) Fund accounting

General unrestricted funds comprise accumulated surpluses and deficits on general funds and the cumulative realised and unrealised gains on revaluations of investments. They are available for use at the discretion of the trustees in furtherance of general charitable objectives.

Restricted funds are created where material donations are made specifically for a particular area or purpose. Expenditure is charged in the statement of financial activities subject to the conditions imposed by the donors.

Restricted fixed asset funds represent resources applied for specific capital purposes imposed by funders. Depreciation is charged against the fixed asset fund over the life of the asset.

(g) Income

Income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Donations

Donations are included in full in the statement of financial activities when receivable.

Grants

Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Where grants are potentially repayable at the period end, the amount received but unspent has been deferred.

Legacies

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified.

Donated services

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Charitable activities

Fee income, outreach income and landlords supported living are recognised in the period to which the income relates.

Fees

(e) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following are the significant judgements that the Trustees have made in the process of applying the Group’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Property classifcation

Buildings on the charity’s site have been leased to a third party.

In determining the fair value for the investment properties the trustees have taken into account the existence of potentially significant contractual restrictions on the charity’s entitlement to benefit from the full value of any sale proceeds. They estimate the restriction would limit the charity’s entitlement to some 50% of any proceeds and so have restricted the full open market value of £1,030,000 to £515,000.

Fee income comprises amounts receivable from Local Authorities for the provision of education, including boarding, and is recognised on a straight line basis over the academic year. Fees received in advance of the academic year are classified as deferred income

Trading income

Trading income comprises amounts receivable in respect of sales from the café, together with the hire of rooms and the swimming pool. Café sales are recognised when the sale is made which is also the point of cash receipt. Room hire and swimming pool income are recognised when used and income is deferred where cash is received in advance.

Property rental income is recognised straight line over the period of the lease.

Income from investments is included in the year in which it is receivable.

InFocus Charity Annual Report 2021-2022

(h) Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expense category to which it relates.

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs comprise all costs incurred in running the charity itself as an organisation, and its compliance with regulation and good practice.

(i) Operating leases

Rentals under existing operating leases are charged as the payments are incurred. For new leases rentals will be charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

(j) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(k) Depreciation

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


e of that asset as follows:
Buildings 3%-10% straight line
Land nil
Motor Vehicles 25% reducing balance
Other fxtures, fttings and equipment 3-4 years straight line

(l) Investments

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

In the company balance sheet investments in subsidiaries are recorded at cost less impairment.

(m) Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to fair value at each reporting date and any changes in fair value are recognised in statement of financial activities as a gain or loss on revaluation.

(n) Financial instruments

A financial asset or a financial liability is recognised only when the group becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for evidence of impairment at the end of each reporting date. If there is evidence of impairment, an impairment loss is recognised in the statement of financial activities.

(o) Retirement benefits

The Charity’s employees belong to three principal pension schemes: the Teachers’ Pension Scheme England and Wales (TPS) for academic and related staff; the InFocus Charity pension scheme with Friends Life which is closed to new entrants and a NEST Pension Scheme.

The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees’ working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quinquennial valuations using a prospective benefit method. As stated in the notes to the financial statements, the TPS is a multi-employer scheme and the Charity is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS is therefore treated as a defined contribution scheme and the contributions recognised as they are paid each year.

The Friends Life and NEST pension schemes are defined contribution schemes and the contributions are recognised as they are paid each year.

3. Limited by guarantee

The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

4.Donations and legacies

4.Donations and legacies
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Covid-related grants 50,887 - 50,887 191,063
Fundraising and donations 56,993 36,637 93,630 109,082
Legacies 50,500 - 50,500 410,532
Donations-in-kind - - 10,509
─────── ─────── ─────── ───────
158,380 36,637 195,017 721,186
═══════ ═══════ ═══════ ═══════

Included in the 2022 total of £195,017 is unrestricted income of £158,380 and restricted income of £36,637.

InFocus Charity Annual Report 2021-2022

5. Charitable activities

5. Charitable activities
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Educational grants 421,704 35,398 457,102 552,563
Fee income 6,065,912 - 6,065,912 5,245,571
Outreach income - - - 67,305
Shop income 474,673 - 474,673 332,412
Landlords Supported Living 619,030 - 619,030 446,552
─────── ─────── ─────── ───────
7,581,319 35,398 7,616,717 6,644,403
═══════ ═══════ ═══════ ═══════
ncluded in the total for 2022 of £7,616,717 is unrestricted income of £7,581,319 and restricted income of £
6. Other trading activities
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Fundraising activities - - - -
Trading subsidiary income 304,732 - 304,732 191,227
─────── ─────── ─────── ───────
304,732 - 304,732 191,227
═══════ ═══════ ═══════ ═══════

Included in the total for 2022 of £7,616,717 is unrestricted income of £7,581,319 and restricted income of £35,398.

6. Other trading activities

Included in the total for 2022 of £304,732 is unrestricted income of £304,732 and restricted income of £nil.

7. Investment income

7. Investment income
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Income from listed investments 30,038 - 30,038 45,613
Bank interest receivable 704 - 704 69
─────── ─────── ─────── ───────
30,742 - 30,742 45,682
═══════ ═══════ ═══════ ═══════

The total for 2022 of £30,742 is unrestricted.

8. Other income

8. Other income
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Other income 77,836 31,194 109,030 72,414
Premises income 78,711 - 78,711 78,684
─────── ─────── ─────── ───────
156,547 31,194 187,741 151,098
═══════ ═══════ ═══════ ═══════

Included in the total for 2022 of £187,741 is unrestricted income of £156,547 and restricted income of £31,194.

9. Raising Funds

9. Raising Funds
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Fundraising costs 33,502 - 33,502 57,295
Marketing costs 97,026 - 97,026 89,865
Commercial trading operations 110,117 - 110,117 98,605
─────── ─────── ─────── ───────
240,645 - 240,645 245,765
═══════ ═══════ ═══════ ═══════

Included in the total for 2022 of £240,645 is unrestricted expenditure of £240,645 and restricted expenditure of £nil.

10. Expenditure on charitable activities by activity type

Activities Support Total funds Total funds
undertaken costs 2022 2021
directly
£ £ £ £
Teaching and education 994,326 - 994,326 1,100,203
Learner support services 3,711,440 - 3,711,440 3,692,568
Charity support services 2,507,532 - 2,507,532 2,455,327
InFocus charity shops 480,872 - 480,872 430,271
Governance costs - 29,988 29,988 15,636
─────── ─────── ─────── ───────
7,694,170 29,988 7,724,158 7,694,005
═══════ ═══════ ═══════ ═══════

Included in the total of £7,724,158 (2021: £7,694,005) is unrestricted expenditure of £7,546,023 (2021: £7,398,035) and restricted expenditure of £178,135 (2021: £295,970).

InFocus Charity Annual Report 2021-2022

11. Taxation

The charity's activities fall within the exemptions afforded by the provisions of sections 466 to 493 of the Corporation Taxes Act 2010. Accordingly, there is no taxation charge in these accounts.

12. Net gains and losses on investments and investment property

Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
£ £ £ £
Realised gains/(losses) on investments 24,983 - 24,983 -
Unrealised gains/(losses) on investments (154,109) - (154,109) 128,807
Unrealised gain/(losses) on investment 92,500 - 92,500 -
properties
─────── ─────── ─────── ───────
(36,626) - (36,626) 128,807
═══════ ═══════ ═══════ ═══════

The total for 2022 of £36,626 is unrestricted.

13. Net income/(expenditure)

3. Net income/(expenditure)
2022 2021
Group Group
£ £
Depreciation 404,985 600,307
Operating lease rentals 88,839 98,699
Auditors’ remuneration 20,000 15,000

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2022 2021
Group Group
£ £
Wages and salaries 4,610,570 4,752,646
Social security costs 377,411 369,017
Employer contributions to pension plans 228,093 238,408
Agency staf 678,821 599,532
─────── ───────
5,894,895 5,959,603
═══════ ═══════

Included in staff costs are redundancy payments totalling £nil (2021: £12,546).

The average head count of employees during the year was 234 (2021: 251). The number of employees whose remuneration for the year fell within the following bands were:

2022 2021
Group Group
No. No.
£60,000 to £69,999 2 1
£70,000 to £79,999 1 1
£80,000 to £89,999 - -
£90,000 to £99,999 1 1
─────── ───────
4 3
═══════ ═══════

Key management personnel are made up of all Executive members (6) and remuneration totalled £393,645 (2021: £411,053).

15. Related party transactions

The charity trustees were not paid and did not receive any other benefits from employment with the charity (2021: £nil). There were reimbursements of expenses to trustees of £631 (2021: reimbursements of expenses to trustees of £195). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

16. Tangible fixed assets (charity and group)

Land and Motor Equipment Assets under Total
buildings vehicles construction
£ £ £ £
Cost
At 1 September 2021 10,194,484 215,985 1,640,530 10,509 12,061,508
Additions 350,893 - 98,856 - 449,749
Transfers 1,044,160 - (1,033,651) (10,509) -
─────── ─────── ─────── ─────── ───────
At 31 August 2022 11,589,537 215,985 705,735 - 12,511,257
═══════ ═══════ ═══════ ═══════ ═══════
Depreciation
At 1 September 2021 4,640,544 154,692 1,019,734 - 5,814,970
Transfers 597,957 - (597,957) - -
Charge for the year 276,688 18,112 110,185 404,985
─────── ─────── ─────── ─────── ───────
At 31 August 2022 5,515,189 172,804 531,962 - 6,219,955
═══════ ═══════ ═══════ ═══════ ═══════
Carrying amount
At 31 August 2022 6,074,348 43,181 173,773 - 6,291,302
═══════ ═══════ ═══════ ═══════ ═══════
At 31 August 2022 5,553,939 61,294 620,796 10,509 6,246,538
═══════ ═══════ ═══════ ═══════ ═══════

InFocus Charity Annual Report 2021-2022

17. (a) Fixed asset investments

7. (a) Fixed asset investments
2022 2022 2021 2021
Group Charity Group Charity
£ £ £ £
Investments in subsidiaries - 100 - 100
Other investments 1,229,929 1,229,929 1,659,110 1,659,110
─────── ─────── ─────── ───────
1,229,929 1,230,029 1,659,110 1,659,210
═══════ ═══════ ═══════ ═══════

Investments in subsidiaries (charity)

The company owns the entire issued share capital of WESC Enterprises Limited. WESC Enterprises Limited, which is incorporated in England and Wales, gift aids its taxable profit to the charity. The registration number of WESC Enterprises Limited is 10535508. The registered office is the same as that of InFocus Charity, as disclosed in the administrative section of the trustee’s annual report. The principal activity of the company is running catering services and provision of premises hire.

2022 2021
Summary proft and loss account £ £
Turnover 304,732 191,227
Cost of sales (109,188) (97,716)
─────── ───────
195,544 93,511
Administration expenses (108,425) (87,581)
─────── ───────
Operating proft 87,119 5,930
Taxation - -
─────── ───────
Proft for the year 87,119 5,930
═══════ ═══════
The assets and liabilities of the subsidiary were:
Current assets 114,768 144,531
Creditors: amounts falling due within one year (27,649) (138,601)
Total assets less current liabilities 87,119 5,930
─────── ───────
Aggregate share capital and reserves 87,119 5,930
═══════ ═══════

WESC Enterprises Limited will gift aid all taxable profits to its parent charity within 9 months of the year end, therefore there is no requirement to make a provision for taxation in the financial statements.

Other Investments (Charity and Group)

Other Investments (Charity and Group)
2022 2021
Listed Listed
investments investments
Cost or valuation £ £
At 1 September 2021 1,659,110 1,518,778
Additions - 11,525
Disposals (300,055) -
Realised gain on disposal 24,983 -
Fair value movements (154,109) 128,807
Movement in cash balances - -
─────── ───────
At 31 August 2022 1,229,929 1,659,110
═══════ ═══════

Financial assets held at fair value

All investments are valued at their open market rate at the balance sheet date using readily available market data.

17. (b) Investments: Current

7. (b) Investments: Current
2022 2022 2021 2021
Group Charity Group Charity
£ £ £ £
Cash held on deposit 1,286 1,286 11,347 11,347
═══════ ═══════ ═══════ ═══════
8. Investment Properties
2022 2022 2021 2021
Group Charity Group Charity
£ £ £ £
Cost or valuation
At 1 September 422,500 422,500 422,500 422,500
Reclassifcation - - - -
Disposals - - - -
Fair value movement 92,500 92,500 - -
─────── ─────── ─────── ───────
Carrying value at 31 August 2022 515,000 515,000 422,500 422,500
═══════ ═══════ ═══════ ═══════

18. Investment Properties

The properties were revalued as at 31 August 2022 on an open market value basis by the trustees after taking appropriate professional advice. The properties are accessed via a private road over which permissive rights exist for educational purposes only. The limitations due to the ownership of the access roads and services to both properties mean that the charity could only expect to realise an estimated 50% of any disposal proceeds. The fair value therefore reflects this restriction.

InFocus Charity Annual Report 2021-2022

19. Debtors

9. Debtors
2022 2022 2021 2021
Group Charity Group Charity
£ £ £ £
Trade debtors 192,091 157,055 231,208 173,679
Amounts owed by group undertakings - 18,914 - 124,828
Other debtors 1,223 1,223 2,825 2,825
VAT recoverable - - 1,100 1,100
Prepayments and accrued income 197,547 197,547 563,530 563,530
─────── ─────── ─────── ───────
390,861 374,739 798,663 865,962
═══════ ═══════ ═══════ ═══════
20. Creditors: amounts falling due within one year
2022 2022 2021 2021
Group Charity Group Charity
£ £ £ £
Trade creditors 277,300 274,155 143,309 139,183
Amounts due to group undertakings - - - -
Social security and other taxes 128,081 122,706 123,452 113,805
Other creditors 43,115 42,800 30,463 30,462
Accruals and deferred income 185,198 185,198 169,267 169,267
─────── ─────── ─────── ───────
633,694 624,859 466,491 452,717
═══════ ═══════ ═══════ ═══════

20. Creditors: amounts falling due within one year

Deferred income comprises grant and fee income that relates to future periods which has been received in advance.

Deferred income comprises the following:

Charitable Total
activities
£ £
At 1 September 2021 35,305 35,305
Deferred in current period 56,685 56,685
Released to Statement of Financial Activities (30,221) (30,221)
─────── ───────
At 31 August 2022 61,769 61,769
═══════ ═══════

21. Analysis of charitable funds (group)

At 1 Income Expenditure Transfers At 31
September August 2022
2021
Restricted fxed asset £ £ £ £
funds
St David's House Appeal 410,375 - (71,115) 476,336 815,596
Water Therapy Pool 316,983 - (24,801) 6 292,188
Topsham Road 9,910 - (10,856) 216,259 215,313
Other 143,788 - (973) (132,004) 10,811
─────── ─────── ─────── ─────── ───────
Total 881,056 - (107,745) 560,597 1,333,908
Restricted general funds
Day services 3,560 120 - 3,680
Site development 29,107 9,679 (26,299) (11,460) 1,027
Activities for young people 74,669 3,335 (4,025) (5,002) 68,977
Supporting independence 36,698 6,500 (2,636) (7,501) 33,061
Vehicle & transport 28 - - - 28
Family fund 520 - - - 520
Research 8,787 - - - 8,787
Miscellaneous 7,955 19,800 (18,245) 28,060 37,570
Grants
Pupil premium 8,915 1,665 (6,517) 555 4,618
Bursaries and grants 8,958 1,179 (1,850) 22,684 30,971
ESFA/DFC 45,482 32,553 - (27,335) 50,700
Access to work 6,624 419 (720) 2,759 9,082
Student purchases 3,307 27,979 (10,098) (2,760) 18,428
Talking tills 76 - - - 76
Family fund - - - - -
Education - - - - -
─────── ─────── ─────── ─────── ───────
Total 234,686 103,229 (70,390) - 267,525
─────── ─────── ─────── ─────── ───────
Total restricted funds 1,115,742 103,229 (178,135) 560,597 1,601,433
Designated funds – 200,000 - - - 200,000
contingency
Designated funds – site 500,000 - - - 500,000
improvement
General unrestricted funds 7,441,094 8,231,720 (7,823,294) (560,597) 7,288,923
─────── ─────── ─────── ─────── ───────
Total unrestricted funds 8,141,094 8,231,720 (7,823,294) (560,597) 7,988,923
─────── ─────── ─────── ─────── ───────
Total funds 9,256,836 8,334,949 (8,001,429) - 9,590,356

Notes: Expenditure for general and restricted funds includes the net realised and unrealised gains/(losses) on investments. Transfers include Capital Items and Adjustments.

InFocus Charity Annual Report 2021-2022

21. Analysis of charitable funds (group) (continued)

The St David’s House appeal was towards the building of a special unit to house children who are not only blind but also have other severe handicaps.

The Water Therapy Pool fund was established to create a new pool for therapeutic, sporting and recreation purposes.

Topsham Road fund was used to help purchase a property which will be used as a transition house for students of the College.

Other fixed asset funds comprise donations received to purchase specific equipment which has been capitalised.

During the year a review of the restricted fixed asset funds in relation to the fixed asset register identified that depreciation relating to unrestricted fixed assets had historically been allocated against restricted fixed asset funds. This has been corrected via an in year transfer.

Pupil Premium

Additional funding received from local authorities target those students from low income families who need the most in order to raise attainment.

Bursary & grants

Funds received from the ESFA to support young people (post year 11) in need of financial support meet additional costs to help them remain in full time education.

Day Services

Funds used for the benefit of young adults attending Adult Day Services now called Jigsaw at InFocus Charity.

Activities for young people

To fund interactive activities for students and young adults at InFocus Charity.

ESFA/DFC

Annual grants and/or bursaries received from the Department for Education and/or ESFA to help maintain and improve the condition of School buildings and grounds.

Access to work

Monies received to support individuals in the workplace and those requiring reasonable adjustments.

Student Equipment

Money received from LA’s as part of a services user’s package designated for specific specialist equipment.

Family Fund

Assist families with one-off travel costs for events at InFocus Charity.

22. Analysis of net assets between funds (group)

Unrestricted Restricted Total funds
funds funds 2022
£ £ £
Tangible fxed assets 4,957,394 1,333,908 6,291,302
Investments 1,229,929 - 1,229,929
Investment properties 515,000 - 515,000
Current assets 1,915,210 272,609 2,187,819
Creditors less than 1 year (628,610) (5,084) (633,694)
─────── ─────── ───────
Net assets 7,988,923 1,601,433 9,590,356
═══════ ═══════ ═══════

Supporting Independence

Funds used to provide equipment and opportunities in all areas of InFocus Charity to help enable the engagement and independence of students and young adults in daily activities.

Site Development

Funds used for the improvement and renovations of the InFocus Charity site for the benefit of the students and young adults.

Vehicle & Transport

To fund the requirement for vehicles at InFocus Charity used for the mobility of students and young adults so they can access activities off-site.

Research

Restricted funds used for specific research projects at InFocus Charity specifically around visual impairment and multi-sensory disability. Examples have been the Comic Relief funding of the development of the Eyelander Game.

Enterprise

Funds used to promote social enterprise at InFocus Charity, to ensure space and equipment facilitate student’s engagement in social enterprise.

EPOS/Till System

Funds used to create a specialised talking till system for VI.

InFocus Charity Annual Report 2021-2022

23. Prior year restricted funds note and analysis of net assets between funds

At 1 Income Expenditure Transfers At 31
September August 2021
2020
Restricted fxed asset £ £ £ £
funds
St David's House Appeal 459,412 - (49,037) - 410,375
Water Therapy Pool 341,784 - (24,801) - 316,983
Topsham Road 13,133 - (3,223) - 9,910
Other 248,289 - (186,757) 82,256 143,788
─────── ─────── ─────── ─────── ───────
Total 1,062,618 - (263,818) 82,256 881,056
Restricted general funds
Day services 4,460 10 (910) - 3,560
Site development 36,196 40,627 8,914 (56,630) 29,107
Activities for young people 81,783 2,030 (6,643) (2,501) 74,669
Supporting independence 74,393 1,997 (22,087) (17,605) 36,698
Vehicle & transport 28 - - - 28
Family fund - - - 520 520
Research 8,787 - - - 8,787
Miscellaneous 7,853 150 (48) - 7,955
Grants
Pupil premium 7,987 2,220 (1,847) 555 8,915
Bursaries and grants 14,598 3,627 (3,258) (6,009) 8,958
ESFA/DFC 65,600 45,482 - (65,600) 45,482
Access to work 14,327 8,947 (2,323) (14,327) 6,624
Student purchases 6,828 3,188 (3,950) (2,759) 3,307
Talking tills 75 - - 1 76
Family fund 520 - - (520) -
Education 5,520 - - (5,520) -
─────── ─────── ─────── ─────── ───────
Total 234,686 103,229 (70,390) - 267,525
─────── ─────── ─────── ─────── ───────
Total restricted funds 1,115,742 103,229 (178,135) 560,597 1,601,433
Designated funds – 200,000 - - - 200,000
contingency
Designated funds – site 500,000 - - - 500,000
improvement
General unrestricted funds 7,222,630 7,774,125 (7,643,800) 88,139 7,441,094
─────── ─────── ─────── ─────── ───────
Total unrestricted funds 7,922,630 7,774,125 (7,643,800) 88,139 8,141,094
─────── ─────── ─────── ─────── ───────
Total funds 9,314,203 7,882,403 (7,939,770) - 9,256,836

Notes: Expenditure for general and restricted funds includes the net realised and unrealised gains/(losses) on investments. Transfers include Capital Items and Adjustments.

Unrestricted Restricted Total funds
funds funds 2022
£ £ £
Tangible fxed assets 5,365,482 881,056 6,246,538
Investments 1,659,110 - 1,659,110
Investment properties 422,500 - 422,500
Current assets 1,155,409 239,770 1,395,179
Creditors less than 1 year (461,407) (5,084) (466,491)
─────── ─────── ───────
Net assets 8,141,094 1,115,742 9,256,836
═══════ ═══════ ═══════

24. Operating lease commitments (Group)

The total future minimum lease payments under non-cancellable operating leases are as follows:

2022 2021
£ £
Not later than 1 year 75,868 48,170
Later than 1 year and not later than 5 years 110,562 35,200
Later than 5 years 13,118 -
─────── ───────
199,548 83,370
═══════ ═══════
Operating leases - lessor (Group)
The total future minimum lease receipts under non-cancellable operating leases are as follows:
2022 2021
£ £
Not later than 1 year 82,178 16,550
Later than 1 year and not later than 5 years 317,337 -
Later than 5 years 59,629
─────── ───────
459,144 16,550
═══════ ═══════
25. Analysis of cash and cash equivalents (Group)
2022 2021
£ £
Cash in hand 1,795,672 585,169
─────── ───────
1,795,672 585,169
═══════ ═══════

Operating leases - lessor (Group)

The total future minimum lease receipts under non-cancellable operating leases are as follows:

25. Analysis of cash and cash equivalents (Group)

InFocus Charity Annual Report 2021-2022

26. Financial instruments

Categorisation of financial instruments

Categorisation of fnancial instruments
2022 2021
£ £
Financial assets:
Measured at fair value 1,229,929 1,659,110
═══════ ═══════

The TPS valuation for 2012 determined an employer rate of 16.4%, which was payable from September 2015. The latest valuation of the TPS is as at March 2016, whereupon the employer contribution rate has increased as per above and was payable from 1 April 2019. The next valuation is for March 2022, but details of the impact on the employer contribution rate have not yet been finalised.

Under the definitions set out in Financial Reporting Standard 102 (FRS 102), the TPS is a multi-employer pension scheme. The School has accounted for its contributions to the scheme as if it were a defined contribution scheme. The School has set out above the information available on the scheme.

27. Pensions and other post-retirement benefits

The Charity’s employees belong to three principal pension schemes: the Teachers’ Pension Scheme England and Wales (TPS) for academic and related staff; the InFocus Charity pension scheme with Friends Life which is closed to new entrants and a NEST Pension Scheme.

Contributions amounting to £31,384 (2021 - £29,572) were payable to the schemes at 31 August and are included within creditors. The amounts recognised in income or expenditure as an expense in relation to defined contribution plans was £228,093 (2021: £238,408).

Teachers' Pension Scheme

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers’ Pension Scheme Regulations (2010) and, from 1 April 2014, by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for full-time teachers and, from 1 January 2007, automatic for teachers in parttime employment following appointment or a change of contract, although they are able to opt out.

The TPS is an unfunded scheme and members contribute on a ‘pay as you go’ basis - these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

Valuation of the Teachers' Pension Scheme

Not less than every four years the Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors.

The latest actuarial valuation of the TPS was carried out as at 31 March 2016 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014. The valuation report was published by the Department for Education on 5 March 2019.

The key elements of the valuation and subsequent consultation are:

• Employer contribution rates set at 23.68% of pensionable pay (this includes an additional 0.8% following agreement between the Department for Education and HM Treasury to delay the increase in employer contribution rates until 1 September 2019, and also an additional 0.08% employer administration charge)

• Total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £218,100 million, and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £196,100 million giving a notional past service deficit of £22,000 million

• The assumed real rate of return is 2.8% in excess of prices and 2% in excess of earnings. The rate of real earnings growth is assumed to be 2.2%. The assumed nominal rate of return is 4.86%.

InFocus Charity Annual Report 2021-2022

InFocus Charity Annual Report 2021-2022