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2023-03-31-accounts

18 September 2023

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ntAssociationfortheBlind
mpanyNumber03339912
anceSheet
at31 March2023
Notes 31.03.2023 31.03.2022
FixedAssets
Tangible assets 12 992,352 1,006,328
Investments 13 1,504,624 1,562,683
Total Fixed Assets 2,496,976 2,569,011
CurrentAssets
Stocks 14 12,557 11,227
Debtors 15 496,559 523,003
Cashatbank and in hand 325,973 989,349
TotalCurrentAssets 835,089 1,523,579
Liabilities
Creditorsfallingduewithinoneyear 16 259,459 150,780
NetCurrentAssets 575,630 1,372,799
TotalAssetslesscurrentliabilities 3,072,606 3,941,809
TotalNetAssets 3,072,606 = 3941809
5		 :
TheFundsofthecharity:
Unrestricted general funds
Designatedfunds
Restricted funds
Totalcharityfunds		 18
19
20		 1,050,427
1,592,622
429,557
3 072 606
U		 1,892,136
1,522,295
527,378
3,941,809


Notes 31.03.2023 31.03.2022
Netcashusedinoperatingactivities 21 (629,360) (149,071)
Cashflowsfrominvestingactivities
Interestreceived 2,279 481
Dividends received 28,610 24,028
Proceedsfromsale ofinvestment 1,001,965 566,678
Purchase ofinvestments (1 ,040,474) (576,107)
Purchase oftangiblefixedassets (44,543) (62,545)
Netcashprovidedby(usedin)investingactivities (52,163) (47,466)
Change in cash and cashequivalentsin the year (681,533) (196,517)
Cashand cash equivalentsbroughtforward 1,016,600 1,213,137
Cashandcashequivalentscarriedforward 22 335,077 1,016,620

2.DonationsandLegacies
Total Total
31.03.2023 31.03.2022
Donations 192,884 217,351
GrantincomefromTrustsandFoundations 80,712 86,474
Legacies 93,179 371,642
Club Donations 28,148 21,884
£394,923 £697,351

3a.RehabilitationServices
Total Total
31.03.2023 31.03.2022
LocalAuthorityGrantsfrom:
Kent County Council 1,170,533 1,170,533
Medway Council 147,907 146,563
London Borough of Bromley 148,000 148,000
London Borough ofBexley 17,000 17,000
£1,483,440 £1,482,096
EquipmentIncome 22,946 24,527
Total £1,506,386 £1,506,623

Total Total
31.03.2023 31.03.2022
ShortCourses 10,798 5,921
Total £10,798 £5,921
Allincome associatedwithTrainingin2023and 2022 isunrestricted.
3c.Projects
Total Total
31.03.2023 31.03.2022
Other 119,229 212,268
Total £119,229 £212,268

4.Incomefrominvestments
Total Total
31.03.2023 31.03.2022
Incomefromlistedinvestments 28,610 24,028
Intereston cash deposits 2,279 481
£30,889 £24,509

Other
Donationsand Trading Investment
Legacies Activities costs Total Total
31.03.2023 31.03.2022
DirectStaffCosts 204,150 10,745 - 214,895 182,260
DirectFundraising Costs 62,609 3,295 - 65,904 63,998
Building and telephone costs 12,390 - - 12,390 11,494
Investmentmanagementcosts - — 8,250 8,250 8,357
Governance Costs (seenote7) 2,464 244 - 2,708 2,386
SupportCosts ( seenote7) 50,225 4,967 - 55,192 52,465
£331,838 £ 19,251 £ 8,250 £359,339 £320,960

Direct Support
Staffcosts costs costs Total Total
31.03.2023 31.03.2022
Costofraisingfunds 214,895 65,905 78,539 359,339 320,960
Charitableexpenditure
Rehabilitation services 1,291,412 452,492 359,247 2,103,151 2,060,609
Oneto one support services 347,241 9,045 116,965 473,251 385,772
AT Service 98,995 16,662 28,076 143,733 131,137
Transcription & Talking News 18,747 3,059 5,052 26,858 27,998
Training 28,192 2,681 5,829 36,702 37,519
Clubs, groups andclientsupport - 59,853 3,502 63,355 26,277
Projects 1,965 9,518 — 11,483 5,325
1,786,552 553,310 518,671 2,858,533 2,674,637
2,001,447 619,215 597,210 3,217,872 2,995,597

7a,.Supportcosts
Total Total
31.03.2023 31.03.2022
CEO’soffice 93,459 85,419
Finance 75,775 73,985
HR 75,063 70,907
IT 61,615 63,215
Establishmentcostsincludingsupportstaff 191,701 165,645
Insurance 34,678 31,354
Professional fees 37,950 49,544
Governance (note 7b) 26,969 24,944
597,210 565,013
7b.Governancecosts
Total Total
31.03.2023 31.03.2022
Auditor’sremuneration 12,000 9,650
CEOandfnance costs 10,024 9,809
Other 4,945 5,485
26,969 24,944

Thisisstatedafterthefollowing Total Total
31.03.2023 31.03.2022
Depreciation oftangiblefxedassets 58,518 50,179
Audit Fees -StatutoryAudit 12,000 9,650
Operating leases Land and Buildings - 25,350
personnel
Total Total
31.03.2023 31.03.2022
Thestaffcostswere
WagesandSalaries 1,985,862 1,834,851
SocialSecurityCosts 164,876 143,292
Pension Costs 89,313 79,995
2,240,051 2,058,138
2023 2022
Part
FullTime PartTime FullTime Time
HeadOffce 4 10 3 11
Fundraising 4 3 5 3
Charitableactivities 34 54 32 57
42 67 40 71

12.TangibleFixedAssets
Freehold
land
and
buildings Furniture,
College fttings
Road equipmentand Motor
Maidstone computers Vehicles Total
Cost
Asat 1 April2022 1,306,924 202,086 74,162 1,583,172
Additions - 44,543 - 44,543
Asat 31 March2023 1,306,924 246,629 74,162 1,627,715
Depreciation
Asat 1 April2022 411,265 150,747 14,832 576,844
Charge for theyear 16,138 27,548 14,832 58,518
Asat 31 March2023 427,403 178,295 29,664 635,362
Net BookValue
Asat 31 March2023 879,521 68,334 44,498 992,352
Asat 31 March 2022 895,659 51,339 59,330 1,006,328

31.03.2023 31.03.2022
Market valuebroughtforwardat 1April2022 1,562,683 1,461,518
Add: additions toinvestmentsatcost 1,040,474 576,107
Movement incashheldwithininvestments (18,148) 6,242
Disposals at carrying value (1,001,966) (566,678)
Unrealised/realisedgainsand (losses) (78,419) 85,494
Market valueasat 31 March2023 1,504,624 1,562,683

Investmentsatfairvaluecomprised:
31.03.2023 31.03.2022
Bonds 388,855 309,906
Equities—overseas 505,125 592,420
Equities—UK 425,521 439,398
Equities-Emergingmarkets 133,282 111,764
Thematic 42,737 81,943
Cashheld within theinvestmentportfolio 9,104 27,252
Total 1,504,624 1,562,683

CouttsActivelyManagedUKEquity 114,072 116,537
CouttsActively Managed USEquityFund 128,738 86,767
CouttsUSESGInsights Equity Fund 28,395 88,872
EquatorUKSovereign BondIndexFund - 194,487
CouttsUSand Canada EnhancedIndex 248,527 —
EquatorUSEquityShares 244,459 245,596
EquatorUKEquityFund Shares 280,798 188,597

14.Stock
31.03.2023 31.03.2022
Fundraising Merchandise 2,587 1,137
Rehab and Low VisionEquipment 9,972 10,090
12é59 1¥27

15.Debtors
Total Total
31.03.2023 31.03.2022
Tradedebtors 140,441 96,440
Prepayments 49,804 58,710
AccruedIncome 306,314 367,853
Otherdebtors - —
49f59 523,003

16.Creditors:amountsfalling
duewithinoneyear
Total Total
31.03.2023 31.03.2022
Tradecreditors 40,792 58,858
Accruals 46,333 30,817
DeferredIncome 111,815 13,312
Other Taxation and SocialSecurity 59,611 46,807
Othercreditors 908 986
259,459 150,780
17.DeferredIncome Total Total
31.03.2023 31.03.2022
Balance at 1 April 2022 13,312 16,285
Released in the year (13,312) (16,285)
Deferred in the year 111,815 13,312
Balance at 31 March 2023 111,815 13,312

New Designation
Current year Balance at designation released Balance at
31.03.2022 31.03.2023
DesignatedFunds
Eye Clinic LiaisonOfficerFund 130,142 105,000 (145,431) 89,711
AT worker Fund 77,965 70,000 (98,530) 49,435
TalkingNews&TranscriptionFund 20,017 20,000 (26,224) 13,793
Training services Fund 27,024 27,000 (28,193) 25,831
Maintenance Fund 193,100 - - 193,100
EquipmentandICTFund 67,720 5,680 - 73,400
Mobile SightCentre - 75,000 - 75,000
Counselling — 80,000 - 80,000
Fixed assetreserve 1,006,328 (13,976) 992,352
Total 1,522,296 382,680 (312,354) 1,592,622

18.Designatedfunds
New Designation
Prioryear Balance at designation released Balanceat
31.03.2021 31.03.2022
DesignatedFunds
Eye Clinic LiaisonOfficerFund 130,142 113,234 (113,234) 130,142
ATworkerFund 96,059 70,000 (88,094) 77,965
Talking News &TranscriptionFund 25,043 20,000 (25,026) 20,017
Training services Fund 32,212 27,000 (32,188) 27,024
Maintenance Fund 193,100 - — 193,100
Equipment and10'Fund 67,720 - - 67,720
Fixedassetreserve 993,961 12,367 — 1,006,328
Total 1,538,237 242,601 $258,542) 1,522,296

Currentyear Balance at Income Expenditure Transfer Balance at
31.03.2022 31.03.2023
KCCAdultsGrant - 1,089,533 (1,089,533) — -
Trusts,Legacies and donations
restrictedtoATservices 67,471 29,547 (51,253) - 45,765
Trustsanddonationsrestrictedto
children’sactivities 1,864 - (341) - 1,523
Trustsanddonationsrestrictedfor
demonstration equipment 1,189 - (479) - 710
Trustsrestrictedfor theFoundation
Degree 60 - a - 60
Trusts and donationsrestrictedfor
talkingNews 3,094 - (1,265) - 1,829
Donations restricted forrehabilitation
andactivitiesforadults 8,633 2,596 (5,355) - 5,874
Aiming High/ Mary Kirby 34,181 - (1,366) - 32,815
JarrettLegacy 73,791 - (17,479) - 56,312
Counselling 14 26,585 (14,257) - 12,342
Covid Funding 45,463 - (40,230) - 5,233
MSC 13,720 7,240 (6,473) - 14,487
Clubs and Groups 277,898 30,398 (SSJfQ) — 252,607
527,378 1,185,899 (1,283,720) - 429459

Prioryear Balance at Income Expenditure Transfer Balance at
31.03.2021 31.03.2022
KCCAdults Grant - 1,089,533 (1,089,533) - -
Trusts,Legacies and donations
restrictedto AT services 48,471 26,758 (7,758) - 67,471
Trusts and donationsrestrictedto
children’sactivities 3,045 - (1,181) — 1,864
Trustsanddonationsrestrictedfor
demonstrationequipment 1,189 - ~ - 1,189
Trustsrestrictedfor the Foundation
Degree 60 - - - 60
Trustsanddonationsrestrictedfor
talkingNews 9,355 25 (6,286) - 3,094
Donationsrestrictedforrehabilitation
and activities foradults 10,131 5,356 (6,854) - 8,633
ECLOFunding 2,000 - (2,000) - —
Aiming High/ Mary Kirby 34,981 - (800) - 34,181
JarrettLegacy 76,121 - (2,330) - 73,791
Counselling 7,074 11,846 (18,906) - 14
Covid Funding 5,262 117,367 (77,166) - 45,463
MSC 64,815 41,229 (92,324) - 13,720
CRM 10,000 - (10,000) - '
Clubs andGroups 283,811 23,987 (29,900) - 277,898
556,315 1,316,101 (1,345,038) - 527,378
Net
Currentyear Fixed Current
Assets Investments Assets Total
31.03.2023
Restrictedfunds — 90,423 339,134 429,557
Designated Funds 992,352 600,270 — 1,592,622
UnrestrictedFunds — 813,931 236,496 1,050,427
992,352 1,504,624 575,630 3,072,606
Prioryear
Fixed NetCurrent
Assets Investments Assets Total
31.03.2022
Restrictedfunds - 59,533 467,845 527,378
DesignatedFunds 1,006,328 515,967 - 1,522,295
UnrestrictedFunds — 987,181 904,955 1,892,136
1,006,328 1,562,681 1,372,800 3,941,8_09

31.03.2023 31.03.2022
Net movementinfunds (869,201) (151,275)
Add backdepreciationcharge 58,518 50,179
Deductinterestincome shown ininvestingactivities (30,889) (24,509).
Deduct gains/ add Losses oninvestments 78,419 (85,494)
(Increase)/Decrease in stocks (1,330) (445)
Decrease/(Increase)indebtors 26,444 60,016
Increase/(Decrease)increditors 108,679 2,456
Netcashusedinoperatingactivities (629,360) (149,074)

31.03.2023 31.03.2022
Cashat bank andinhand 221,512 844,891
Cashheld by Clubs 104,461 144,458
Cashheld withInvestmentmanagers 9,104 27,271
335,077 1,016,620

Land and Buildings Other Other Total
31.03.2023 31.03.2022 31.03.2023 31.03.2022 31.03.2023 31.03.2022
Paymentsdue in less than1 year - 12,675 2,113 2,113 2,113 14,788
Paymentsdue in 2—5 years - - 1,937 4,050 1,937 4,050
- 12,675 4,050 6,163 4,050 18,838