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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|