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2021-03-31-accounts

(continued) (continued) (continued) y y
Reference and administrative details
Company Number 03339912
Charity Number 1062354
Registered Office 72 College Road
Maidstone
Kent ME15 6S3
Tel 01622 691357
Our Advisors
Bankers National
Westminster
2"' Floor County Gate		 Bank pic
2
Staceys Street
Maldstone
Kent ME14 1ST
Auditors Azets Audit Services
5~ Floor
Ashford
Commercial		 Quarter
1 Dover Place
Ashford,
Kent TN23 iFB
Investment Coutts
lk Co
Managers Wellington Gate
7-9 Church Road
Royal Tunbridge Wells
Tunbrldge Wells TN1 1HT

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Kent Association forthe Bhod
Company
Number 03339912
Balance Sheet
As at 31March 2021
Notes 31.03.2021 31.03 2020
Fixed Assets
Tangible assets 12 993,961 983,412
Investments 13 I 461518 I 132239
Total
Fixed Assets		 2,455,479 2,115,651
Current Assets
Stocks 14 10,782 11,892
Debtors 15 583,019 735,977
Cash at bank and in hand 1192127 905 789
Total Current Assets 1,785,928 1,653,658
Liabilities
Creditors
falling due		 within one year 16 148323 93299
Net Current Assets 1637605 560 359
Total Assets less current liabilities 4,093,084 35676,010
Tote I Net Assets 0 !I 3
The Funds ofthe charity:
Unrestricted
general		 funds 1,998,532 1,738,041
Designated
funds		 18 1,538,237 1,522,192
Restricted
funds		 19 556,315 415,777
Total charity funds 20 30 *6
Notes 31.03.2021 31.03.2020
Net cash used
In		 operating
activities		 21 320,898 (4,041)
Cash flows from Investing
activities
Interest received 1,686 4,151
Dividends
received		 21,034 28,349
Proceeds from sale of investment 991,684 544,952
Purchase
of Investments		 (1,061,092) (549,296)
Purchase
of tangible		 Rxed assets (44,120) (14,706)
Net cash provided by (used In) investing activities (90,808) 13A51
Change
In cash and		 cash equivalents In the year 230,088 9,409
Cash and cash equivalents
brought		 I'orward 983,047 973,638
Cash and cash equivalents
carried forward		 22 1,213,137 983,047

over Its expected
useful
life on a straight
li		 over Its expected
useful
life on a straight
li		 ne basis as follows:
Asset CategorY: Annual Rate:
Freehold land Oo/o
Freehold buildings 2/o
Leasehold improvements over the term of the lease
Rxtures, fittings,
equipment and computers 10-20 /o
Motor vehicles 20o%%d
k) Fixed Asset Investments

6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872		 6978 812
61 330872
Of the total donations
and legacies for the year ended 31 March 2021 6260,675 (2020f91,112)Is attributable
to restricted
funds
and 5718,137(2020 51,239,760) Is added to unrestricted
funds. Of the total grants
from Trust and Foundations,
there
were three funders
which donated
over 610,000 as follows;
National
Lottery,
Foundation
Glvaudan
and Overwhelm.
3.Income from Charitable Activities
3a. Rehabilitation Services
Total Total
31.03.2021 31.03.2020
Local Authority
Grants from:
Kent County
Council		 884,809 884,809
Medway
Council		 144,635 143,319
London
Borough of		 Bromley 124,690 105,471
London
Borough of		 Bexley 17000 16629
Ei 171 134 Ei 150228
Equipment
Income		 15,779 19,152
Other Income 2,774
Tots
I		 5 1 186913 6 1 172 154

3b.Training
Tote
I		 Total
31.03.2021 31.03.2020
Short Courses 225 13,527
Total f 225 E 13 527
AB Income associated with Training In 2021 and 2020 Is unrestricted.
3c.Projects Total Total
31.03.2021 31.03.2020
Other 109,130 89,542
Tote
I		 E109130 E89 542

4.Inco me from investments
Total Total
31.03.2021 31.03.2020
Income from listed Investments 21,034 28,349
Interest on cash deposits 1,686 4,151
E 22 720 E 32 500

5.Expenditure
on raising funds
Other
Donations
and
Legades		 Trading
Activities		 Investment
costs		 Total Tota
I
31.03.2021 31.03.2020
Direct Staff Costs 172,339 9,071 181,410 164,872
Direct Fundraislng
Costs
Building
and telephone
costs
Investment
management
costs
Governance
Costs (see note 7)
Support Costs ( see note 7)		 57,178
8,704
2,358
42,945		 3,009
233
4,247		 7,873 60,187
8,704
7,873
2,591
47,192		 30,582
9,151
7,875
2,414
38,908

Direct Support
Stalf costs costs cost'5 Tota
I		 Total
31.03.2021 31.03.2020
Cost of raising funds 181410 60 187 66 360 307 957 253 802
Charitable expenditure
Rehabilitation services 1,194,146 185,393 305,035 1,684,574 1,603,910
One to one support services 254,356 9,232 61,604 325,192 424,978
AT Service 77,903 20,188 20,802 118,894 109,375
Talking news &transcription 16,519 2,674 6,181 25,374 32,553
Training 28,218 1,748 5,080 35,046 36,985
Clubs, groups and dlent support 2,255 300 13,891 16,446 94,140
Pro)acts 14881 14881 1433
1573 397 234 416 412 593 2 220 407 2 303374
1754 807 294 603 478 953 2 528 364 2 557 176

7a.Support costs
Total Total
31.03.2021 31.03.2020
CEO's offic 77,994 79,612
Finance 66,544 61,351
FIR 62,670 61,300
IT 42,536 40,033
Establishment costs Including support staff 136,028 122,247
Insurance 34,067 32,285
Professional fees 35,589 32,607
Governance (note 7b) 23,525 26,645
478 953 456 080

Total Tote
I
31.03.2021 31.03.2020
Auditor's remuneration 8,950 8,950
CEO and finance costs 10,161 11,112
Other 4,414 6,583
23 525 26 645

This is stated after the This is stated after the This is stated after the following Total Total
31.03.2021 31.03.2020
Depredation of tangible fixed assets 33,572 30,445
Audit Fees —Statutory Audit 8,950 8,950
Operadng leases Land and Buildings 47,310 48,350
Other assets 883 1 136

9.Analysis ofstaff costs, trustee remuneratlons
personnel		 and expenses,
and the cost of		 key mana geme nt
Tata I Tota I
31.03.2021 31.03.2020
The staR costs were
Wages and Salaries 1,772,131 1,746,876
Social Security Costs 134,644 133,670
Pension Costs 78,979 77,185
1 985 754 1 957731
The averag e
number
of staff during
the y		 ear was 107(2020 111).
2021 2020
Part
Full Time Part Time Full Time Time
Head ONce 3 10 4 11
Fundralslng 5 3 3 5
Charitable activities 33 53 34 54
41 66 41 70

12.Tangible Fixed Assets
Freehold
land
and Furniture,
buildings fittings
College Bromley equipment
Road Leasehold and Motor
Maldstone Im rovements com
uters		 Vehicles Total
Cost
As at 1 April 2020 1,306,924 95,679 169,583 1,572,186
Additions 15628 28 492 44 120
As at 31 March 2021 1 306924 95 679 185211 28 492 1 616306
Depreciation
As at 1 April 2020 378,989 95,679 114,105 588,773
Charge for the year 16138 17434 33 572
As at 31 March 2021 395 127 95 679 131539 622 345
Net Book Value
As at 31 March 2021 911797 53 672 28 492 993961
As at 31 March 2020 927934 55 478 983 412

A schedule of investments
ca		 n be seen on request at 72 College Road, Maldstone,
K		 ent.
31.03.2021 31.03.2020
Market value brought
forward		 at 1 April 2020 1,132,239 1,254,757
Add: additions
to Investments		 at cost 1,061,092 549,296
Movement
In cash held
within		 Investments (56,248) 16,130
Disposals at carrying
value		 (991,684) (544,952)
Unrealised/realised
gains and		 (losses) 316,119 (142,992)
Market value as at 31 March 2021 1461 518 1 132239
Net cash released
from Investments
ln the year was fnll (2020 Enll).

31.03.2021 31.03.2020
Cash 21,010 77,258
Coutts Actively
Managed
UK		 Equity 122,439
lnvesco
Bond		 Markets ll Pic shares Hedged
Treasury		 85,921
Equator UK Sovereign
Bond		 Index Fund 183,885 28,460
Equator US Equity Shares 265,715 256,618
Equator ICAV Coutts
Multi Asset UK Growth		 Fund 143,345
Equator UK Equity
Fund Shares

14.Stock
31.03.2021 31.03.2020
Fundraislng Merchandise 2,131 1,261
Rehab and Low Vision Equipment 8 651 10631
10782 11892
15.Debtors
Tote
I		 Total
31.03.2021 31.03.2020
Trade debtors 90,835 175,622
Prepayments 49,596 42,552
Accrued Income 442,588 517,364
Other debtors 439
583 019 735 977

Tote
I		 Tota
I
31.03.2021 31.03.2020
Trade creditors 50,316 15,193
Accrua Is 38,146 28,751
Deferred Income 16,285 15,057
Other Taxation and Social Security 43,069 33,813
Other creditors 507 485
148323 93 299
17.Deferred Income Total Total
31.03.2021 31.03.2020
Balance at 1 Aprg 2020 15,057 15,805
Released In the year (15,057) (15,805)
Deferred In the year 16 285 15057
Balance at 31 March 2021 16 285 15057

New Designation
Current year Balance at designation released Balance at
31.03.2020 31.03.2021
Deslpnated Funds
Eye Clinic Liaison Officer Fund 130,142 127,810 (127,810) 130,142
AT worker Fund 97,815 70,000 (71,756) 96,059
Talking
News &Transcription		 Fund 20,000 20,000 (14,957) 25,043
Training
services		 Fund 30,003 24,000 (21,791) 32,212
Maintenance Fund 193,100 193,100
Equipment and ICT Fund 67,720 67,720
Rxed asset reserve 983412 10549 993961
Total 1 522 192 252 359 236 314 I 538 237

New Designation
Prior year Balance at designation released Balance at
31.03.2019 31.03.2020
Designated Funds
Eye Clinic Liaison Off)cer Fund 130,142 91,805 (91,805) 130,142
AT worker Fund 99,571 70,000 (71,756) 97,815
Talking
News &Transcription		 Fund 20,000 20,000 (20,000) 20,000
Training
services		 Fund 27,794 24,000 (21,792) 30,003
Maintenance Fund 193,100 193,100
Equipment and ICT Fund 67,720 67,720
Fixed asset reserve 983,412 983,412
Total 538 327 1 189217 205 352 1 522 192

Current year Balance at
31.03.2020		 Income Expenditure Transfer Balance at
31.03.2021
KCC Adults
Grant		 803,809 (803,809)
Trusts, Legacies and donations
restricted
to AT services		 47,947 13,852 (13,328) 48,471
Trusts and donations restricted to
children's
activities		 4,045 (1,000) 3,045
Trusts and donations restricted for
demonstration
equipment		 1,189 1,189
Trusts restdcted
for		 the Foundation
Degree 60 60
Trusts and donations restricted for
talking
News		 9,355 9,355
Donations
restricted		 for rehabilitation
and activities for adults 9,579 4,255 (3,703) 10,131
ECLO Funding 2,000 10,000 (10,000) 2,000
Aiming
High/
Mary Klrby		 35,013 (32) 34,981
)arrett Legacy 82,464 (6,343) 76,121
Counselling 13,545 20,600 (27,071) 7,074
Covld Funding 27,370 (22,108) 5,262
MSC 92,807 (27,992) 64,815
CRM 10,000 10,000
Clubs and Groups 210 580 81792 8 561 283 811
415777 1 064 485 895 955 27 992 556 315

Prior year Balance at Income Expenditure Transfer Balance at
31.03.2019 31.03.2020
KCC Adults
Grant		 803,809 (803,809)
Trusts,
Legacies and		 donations
restricted
to AT services		 47,691 1,619 (1,363) 47,947
Trusts and donations restricted to
children's
activities		 1,643 3,518 (1,116) 4,045
Trusts and donations restricted for
demonstration
equipment		 1,189 1,189
Trusts restricted
for		 the Foundation
Degree 60 60
Trusts
and donations		 restricted for
talking
News		 9,215 2,500 (2,360) 9,355
Donations
restricted		 for rehabilitation
and activities for adults 8,916 6,380 (5,717) 9,579
ECLO Funding 5,000 7,363 (10,363) 2,000
Aiming
High/
Mary Klrby		 35,013 35,013
)arrett Legacy 82,464 82,464
Counselling 14,493 (948) 13,545
Clubs and Groups 232,010 57,739 (79,169) 210,580
423 201 897 421 904 845 415777

Net
Current year Fixed Current
Assets Investments Assets Total
31.03.2021
Restricted funds 58,932 497,383 556,315
Designated
Unrestricted		 Funds
Funds		 993,961 544,276
858,310		 1,140,222 1,538,237
1.998,532
993961 1461 518 1637605 4 093 084
Prior year
Fixed Net Current
Assets Investments Assets Total
31032020
Restricted funds 60,489 355,288 415,777
Designated
Unrestricted		 Funds
Funds		 983,412 538,780
532,970		 1,205,071 1,522,192
1,738,041
983412 1 132239 1 560359 3676 010

21.Reconclllatlon
of		 net movement
In		 funds to net cash flow from operating
activities
31.03.2021 31.03.2020
Net movement
In funds		 417,074 265,528
Add back depredation charge 33,572 30,445
Deduct Interest Income shown
In investing		 activities (22,720) (32,500)
Deduct gains/
add Losses on Investments
Decrease/(Increase)
In stocks		 (316,119)
1,110		 142,992
(832)
Decrease/(Increase)
in		 debtors 152,957 (393,690)
Increase/(Decrease)
In		 creditors 55 024 15984
Net cash used
In operating
activities		 320 898 4 041

31.03.2021 31.03.2020
Cash at bank and
In hand		 1,051,019 769,659
Cash held by Clubs 141,108 136,130
Cash held with Investment managers 21 010 77 258
1 213 137 983 047

Land and Buildings Other Other Total
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
Payments due In less than 1 year 26,350 39,350 3,623 5,513 29,973 44,863
Payments due In 2-5 years 13,675 41,025 6,162 9,785 19,837 50,810
40 025 80 375 9785 15298 49 810 95673