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2022-03-31-accounts

Company Number 03339912
Charity Number 1062354
Registered Office 72College Road
Maidstone
KentME1568]
Tel01622 691357
OurAdvisors
Bankers National Westminster Bank pic
2”‘1FloorCountyGate2
Staceys Street
Maidstone
KentME14IST
Auditors AzetsAudit Services
5thFloor
Ashford Commercial Quarter
1 DoverPlace
Ashford,
Kent TN23 1FB
Investment Coutts &Co
Managers Wellington Gate
7-9ChurchRoad
RoyalTunbridge Wells
TunbridgeWellsTN1 1HT

20 September 2022

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ntAssociationfortheBlind
mpanyNumber03339912
anceSheet
at31March2022
Notes 31.03.2022 31.03.2021
FixedAssets
Tangibleassets 12 1,006,328 993,961
Investments 13 1,562,683 1,461,518
TotalFixedAssets 2,569,011 2,455,479
CurrentAssets
Stocks 14 1 1,227 10,782
Debtors 15 523,003 583,019
Cashat bank and In hand
TotalCurrentAssets
989,349
1,523,579
__1119_2.12_7_
1,785,928
Liabilities
Creditors falling due wlthlnoneyear 16 150 780 148,323
NetCurrentAssets 1 372 799 1,637,605
TotalAssetslesscurrentIlabillties 3,941,809 4,093,084
TotalNetAssets 3,941,809 4,093,084
TheFundsof thecharity:
Unrestrictedgeneralfunds 1,892,1 36 1,998,532
Designatedfunds 18 1,522,295 1,538,237
Restrictedfunds 19 527,378 556,315
Totalcharityfunds 20 3,941,809 4,093,084
Notes 31.03.2022 31.03.2021
Net cash used Inoperatingactivities 21 (149,071) 320,898
Cashflowsfrominvestingactivities
Interestreceived 481 1,686
Dividendsreceived 24,028 21,034
Proceedsfromsale ofInvestment 566,678 991,684
Purchaseof investments (576,107) (1,061,092)
Purchase oftangiblefxedassets (62,545) (44,120)
Net cashprovidedby(usedIn)investingactivities (47,466) (90,808)
Changeincash and cashequivalentsin theyear (196,517) 230,088
Cashandcashequivalents brought forward 1,213,137 983,047
Cashand cashequivalentscarriedforward 22 1,016,620 1,213,137

2.Donationsand Legacies
Total Total
31.03.2022 31.03.2021
Donations 217,351 155,573
GrantincomefromTrustsand Foundations 86,474 146,397
Legacies 371,642 664,861
ClubDonations 21,884 11,981
£697,351 £978.812

3a.RehabilitationServices
Total Total
31.03.2022 31.03.2021
LocalAuthorityGrantsfrom:
KentCountyCouncil 1,170,533 884,809
Medway Council 146,563 144,635
LondonBoroughofBromley 148,000 124,690
LondonBoroughofBexley 17,000 17,000
£1,482,096 £1,171,134
Equipment:Income 24,527 15,779
Total E1,506,623 £ 1,186l913

Total Total
31.03.2022 31.03.2021
ShortCourses 5,921 225
Total E5,921 2?.225
All income associatedwithTrainingIn2022and2021isunrestricted.
3:.Projects
Total Total
31.03.2022 31.03.2021
Other 212,268 109,130
Total £212,268 £109,130

4.Incomefrominvestments
Total Total
31.03.2022 31.03.2021
Incomefrom listedinvestments 24,028 21 ,034
Interest oncashdeposits 481 1,686
£ 24,509 £ 22,720

5.Expenditureonraisingfunds
Other
Donationsand Trading Investment
Legacies Activities costs Total Total
31.03.2021 31.03.2021
Direct StaffCosts 173,147 9,113 - 182,260 181,410
DirectFundralslngCosts 60,798 3,200 - 63,998 60,187
Buildingandtelephonecosts 11,494 - - 11,494 8,704
Investmentmanagement costs - - 8,357 8,357 7,873
GovernanceCosts(seenote7) 2,171 215 - 2,386 2,591
SupportCosts(seenote7) 47,743 4,722 - 52,465 47,192
£295,353 £17,250 £557 £0,960 £ 307,957

Direct Support
Staffcosts costs costs Total Total
31.03.2022 31.03.2021
Costofraisingfunds 182,260 63,998 74,702 320,960 307,957
Charitableexpendlture
Rehabilitationservices 1,228,498 499,914 332,197 2,060,609 1,684,574
One to onesupportservices 278,854 8,942 97,974 385,772 325,192
ATService 88,309 17,604 25,224 131,137 1 18,894
Talking news &transcription 16,128 5,174 6,696 ' 27,998 25,374
Training 28,984 3,032 5,503 37,519 35,046
Clubs,groups and client support 3,560 22,717 26,277 16,446
Projects 840 4,485 - 5,325 14,881
1,641,615 542,711 490,311 2,674,637 2,220,407
1,823,875 606,709 565,013 2,995,597 2,528,364

7a.Supportcosts
Total Total
31.03.2022 31.03.2021
CEO'soffice 85,419 77,994
Finance 73,985 66,544
HR 70,907 62,670
IT 63,215 42,536
Establishmentcostsincluding support staff 165,645 136,028
Insurance 31,354 34,067
Professionalfees 49,544 35,589
Governance (note 7b) 24,944 23,525
565,013 478,953

7b.Governancecosts
Total Total
31.03.2022 31.03.2021
Auditor’sremuneration 9,650 9,200
CEOandfnancecosts 9,809 10,161
Other 5,485 4,164
24.944 23,525

This is statedafterthefollowing Total Total
31.03.2022 31.03.2021
Depreciationoftangible fixedassets 50,179 33,572
AuditFees-StatutoryAudit 9,650 8,950
Operatingleases Landand Buildings 25,350 47,310
Otherassets - 883
personnel
Total Total
31.03.2022 31.03.2021
Thestaffcostswere
Wages and Salaries 1,834,851 1,772,131
SocialSecurityCosts 143,292 134,644
Pension Costs 79,995 78,979
2,058,138 1,985,754
2022 2021
Part
FullTime Part11me FullTime Time
HeadOffice 3 11 3 10
Fundraislng 5 3 5 3
Charitable activities 32 57 33 53
40 71 41 66

12.TangibleFixedAssets
Freehold
land
and Fumlture,
buildings fittings
College Bromley equipment
Road Leasehold and Motor
Maldstone Improvements computers Vehicles Total
Cost
Asat1April2021 1,306,924 95,679 185,211 28,492 1,616,306
Additions - - 16,875 45,670 62,545
Disposals - (95,679) - - (95,679)
Asat31March2022 1,306,924 - 202,086 74,162 1,583,172
Depreciation’
Asat 1April2021 395,127 95,679 131,539 - 622,345
Charge for theyear 16,138 19,208 14,832 50,179
Disposals - (95,679) - - (95,679)
Asat 31 March2022 411,265 - 150,747 14,832 576,844
Net Book Value
Asat31March2022 895,659 .
-
51,339 59,330 1,006,328
Asat31 March2021 911,797 - 53,672 28,492 993,961

31.03.2022 31.03.2021
Marketvalue brought forwardat1April2021 1,461,518 1,132,239
Add: additions toInvestmentsat cost 576,107 1,061,092
Movementincashheld within investments 6,242 (56,248)
Disposalsatcarryingvalue (566,678) (991,684)
Unrealised/realisedgains and(losses) 85,494 316,119
Marketvalueasat 31 March2022 1 562 683 1461518
# 5 : :
Net cashreleasedfrominvestmentsin theyearwas £nll(2021£nil).

Bonds 309,906 290,920
Equities—overseas 592,420 538,219
Equities-UK 439,398 443,734
Equities—Emergingmarkets 111,764 98,036
Property - 4,627
Thematic 81,942 64,970
Cashheldwithin the investment portfolio 27,252 21 ,010
TotaI mama 1,461,518

Thefollowinginvestmentsrepresentasignificantvalueof theportfolio:
31.03.2022
31.03.2021
Cash 27,252
21,010
CouttsActivelyManaged UKEquity 116,537
122,439
CouttsActivelyManagedUSEquityFund 86,767
58,434
CouttsUSESGInsights EquityFund 88,872
-
EquatorUKSovereignBondIndexFund 194,487
183,885
EquatorUSEquityShares 245,596
265,715
EquatorUKEquityFundShara M 2 0 0 2 3
14.Stock
31.03.2022
31.03.2021
FundraisingMerchandise
RehabandLowVisionEquipment
1,137
10,090
11,227

2,131

#84551

10,782

15.Debtors
Total Total
31.03.2022 31.03.2021
Tradedebtors
Prepayments
AccruedIncome
96,440
58,710
367,853
90,835
49,596
442,588
Other debtors
£3,903 583,019

16.Creditors:amountsfalling
duewithinone year
Total Total
31.03.2022 31.03.2021
Trade creditors 58,858 50,316
Accruals 30,817 38,146
DeferredIncome 13,312 16,285
Other Taxation andSocialSecurity 46,807 43,069
Other creditors 986 507
150,780 148,323
17.DeferredIncome Total Total
31.03.2022 31.03.2021
Balanceat 1 April2021 16,285 15,057
ReleasedInthe year (16,285) (15,057)
Deferredintheyear 13,312 16,285
Balanceat31March2022 13,312 16,285

New Designation
Currentyear Balanceat designation released Balanceat
31.03.2021 31.03.2022
DesignatedFunds
EyeClinicLiaison Officer Fund 130,142 113,234 (113,234) 130,142
ATworkerFund 96,059 70,000 (88,094) 77,965
TalkingNews& Transcription Fund 25,043 20,000 (25,026) 20,017
Training services Fund 32,212 27,000 (32,188) 27,024
MaintenanceFund 193,100 - - 193,100
EquipmentandICT Fund 67,720 - - 67,720
Fixed asset reserve 993,961 12,367 - 1,006,328
Total 1,538,237 242,601 (258,542) 1,522,296

18.Designatedfunds
New Designation
Prloryear Balance at designation released Balance at
31.03.2020 31.03.2021
DesignatedFunds
EyeClinic Liaison OfficerFund 130,142 127,810 (127,810) 130,142
ATworkerFund 97,815 70,000 (71,756) 96,059
TalklngNews81TranscriptionFund 20,000 20,000 (14,957) 25,043
TrainingservicesFund 30,003 24,000 (21,791) 32,212
Maintenance Fund 193,100 - 193,100
EquipmentandICTFund 67,720 - - 67,720
Fixedassetreserve 983,412 10,549 993,961
TotaI 1,522,192 252,359 (236,314) 1,538,237

Currentyear Balance at Income Expenditure Transfer Balance at
31.03.2021 31.03.2022
KCCAdultsGrant - 1,089,533 (1,089,533) - -
Trusts,Legacies and donations
restrictedtoATservices 48,471 26,758 (7,758) - 67,471
Trustsanddonationsrestricted to
children’s activities 3,045 - (1,181) - 1,864
Trustsanddonationsrestrictedfor
demonstrationequipment 1,189 - - - 1,189
Trustsrestrictedfor theFoundation
Degree 60 - - - 60
Trustsanddonationsrestrictedfor
talkingNews 9,355 25 (6,286) - 3,094
Donationsrestricted for rehabilitation
andactivitiesforadults 10,131 5,356 (6,854) - 8,633
ECLOFunding 2,000 (2,000) - -
AimingHigh]MaryKirby 34,981 - (800) - 34,181
JarrettLegacy 76,121 - (2,330) - 73,791
Counselling 7,074 11,846 (18,906) - 14
CovidFunding 5,262 117,367 (77,166) - 45,463
MSC 64,815 41,229 (92,324) - 13,720
CRM 10,000 - (10.000) - '
ClubsandGroups 283,811 23,987 (29,900) - 277,898
556,315 1,316,101 (1,345,038) - 527,378

Prioryear Balanceat Income Expenditure Transfer Balanceat
31.03.2020 31.03.2021
KCCAdultsGrant - 803,809 (803,809) - -
Trusts,Legacies anddonations
restricted toATservices 47,947 13,852 (13,328) - 48,471
Trustsanddonations restricted to
children’sactivities 4,045 (1,000) - 3,045
Trusts and donations restricted for
demonstrationequipment 1,189 - ~ - 1,189
Trusts restricted for theFoundation
Degree 60 - - - 60
Trusts and donationsrestrictedfor
talkingNews 9,355 - - 9,355
Donationsrestricted for rehabilitation
andactivitiesforadults 9,579 4,255 (3,703) - 10,131
ECLOFunding 2,000 10,000 (10,000) - 2,000
AimingHigh]MaryKirby 35,013 (32) - 34,981
JarrettLegacy 82,464 (6,343) - 76,121
Counselling 13,545 20,600 (27,071) - 7,074
CovldFunding - 27,370 (22,108) - 5,262
MSC 92,807 - (27,992) 64,815
CRM - 10,000 '
10,000
ClubsandGroups 210,580 81,792 (8,561) - 283,811
415,777 1,064,485 (895,955) (27,992) 556,315

Net
Currentyear Fixed Current
Assets Investments Assets Total
31.03.2022
Restrictedfunds - 59,533 467,845 527,378
DesignatedFunds 1,006,328 515,967 - 1,522,295
UnrestrldedFunds - 987,181 904,955 1,892,136
1,006,328 1,562,681 1,372,800 3,941,809
Fixed NetCurrent
Assets Investments Assets Total
31.03.2021
Restrictedfunds - 58,932 497,383 556,315
Designated Funds 993,961 544,276 - 1,538,237
UnrestrictedFunds - 858,310 1,140,222 1,998,532
9mm 1,461,518 1,637,605 4,093,084

31.03.2022 31.03.2021
NetmovementInfunds (151,275) 417,074
Addback depreciation charge 50,179 33,572
Deduct InterestIncomeshownin investing activities (24,509) (22,720)
Deductgains]addLossesoninvestments (85,494) (316,119)
(Increase)/DecreaseInstocks (445) 1,110
Decrease/(Increase)indebtors 60,016 152,957
Increase/(Decrease)
Increditors
2,456 55,024
Netcashusedinoperatingactivities 51495071! 3205898