## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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 ||E
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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|