Kent Association for the Blind
(A Company Limited by Guarantee)
Report & Financial Statements
Year ended 31 March 2024
Charity Number 1062354
Company Number 03339912
www.kab.org.uk
Kent
Association
for the
Blind
Supporting sight impaired people
to live independent lives

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
The Trustees present their annual report together with the financial statements and
auditor's report of the charitable company for the year ended 31 March 2024, which are
also prepared to meet the requirements for a directors, report and accounts for Companies
Act purposes. The financial statements have been prepared in accordance with the
accounting policies set out in notes to the accounts and comply with the charity's
governing document, the Charities Act 2011 and Accounting and Reporting by Charities:
statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland published in October 2019.
Our Objectlves and Activities
The aim of Kent Association for the Blind (KAB) is to support sight-impaired people to live
independent lives. We believe that anyone who has a visual impairment should be able to
live a fulfilled, healthy and safe life, exercise self-determination and make informed
choices, and achieve their own personal goals. In our Articles of A550ciation our purpose is
described as the "relief of blind and partially sighted persons and the prevention of sight
1055 and blindness" primarily in Kent, Medway and the London Boroughs of Bromley and
Bexley. We fulfil our purpose by providing a comprehensive ￿ habilitation and support
service to sight impaired people, and by raising awareness of eye health and the impact of
sight 1055. 2023-24 marked Year 3 of our role as Lead Provider of a Sensory Wellbeing
contract for adults, commissioned by KCC. Under this contract we deliver services directlyi
as well as sub-contracting provision for Deaf people to two Socal hearing loss organisations.
We are pleased to note that due to our strong performance during the initial term of the
contract, in January 2024 we received confirmation that the contract would be extended
for the first of two discretionary single year extensions.
This report describes the work we do, looks at what we have achieved over the last 12
months, and highlights some of our future plans. In reviewing outcomes and planning for
the future, KAB'S Trustees refer to Charity Commission guidance and ensure that the
Charity's activities fulfil both the Commission's public benefit criteria and KAB'S charitable
objectives.
KAB'S Clients and Services
KAB offers help to anyone who is sight impaired: people of any age and at any stage of
their sight loss journey. We have over 12,500 visually impaired clients, and for every one
of them, poor sight impacts their daily lives. To reduce the impact of sight loss, we provide
practical training, advice, support and equipment, and we also support families, carers,
schools and employers.
Our operational area is large, and covers both urban and rural areas. se￿ICe5 are
dellvered from three Sight Centres in Maidstone, Canterbury and Bromley, and a further
office base in Medway although this is currently closed due to a health and safety
structural issue. Our Counselling, Eye Clinic Liaison Officer (ECLO) and One-to-one support
services are available to people across South-East London and we operate two social
groups in the London borough of Bexley.
The main areas of charitable activity which deliver public benefit are:
Rehabilitation Services, including ECLO support
Counselling services
Assistive Technology training and advice
One-to-one Support Services for blind and deafblind clients
Transcription Services
Social and Leisu￿ groups
Eye health and prevention advlce
Training for Professionals
Occasional short term developmental and pilot projects
Volunteer opportunities and placements

Kent Association for the Blind
Trustees, Annual Report for the year ended 31 March 2024
(continued)
KAB is committed to collaborative working and is active within the sight loss sector to
ensure best practice is shared, and effort Isn't duplicated. Over the last year we have
contributed to and benefited from our membership of Visionary (the umbrella body for
local associations), this included our CEO continuing in the Chair's role within the London &
South East Region CEO network and the Chair of Trustees continuing as a member of the
visually impaired Chair and CEO group. The Chair of Trustees is also a part of the Visionary
Group.
The backbone of rehabilitation - or'rehab,
is practical training that helps people learn
new skills to manage daily tasks at home and in the community.
Following a successful tender process, we are pleased to have been awarded a new
contract from Nedway Council to provide habilitation and rehabilitation to sight impaired
children and adults, from 1st January 2024. This new contract sees us continue our
partnership with the providers commissioned as part of the Medway Better Together
Consortium - Carers First, Medway Voluntary Action and EK360 (providers of
Healthwatch). The collaborative focuses of the Consortium are communications,
engagement, training and funding. We also continue to provide services under contract to
Kent County Council and the London Borough of Bromley.
One-to-one Support Serv•ces
We run three similar services that provide one-to-one support in the community, enabling
clients to maximise their independence-
The Guide Communicator (GC) Service, which supports people with dual sensory
impairment, also known as deafblindness.
The Sight Support Service, which supports people who have sight loss.
The Intervenor Service, which supports congenitally deafblind people who also
have a learning disability or other complex needs.
One-to-one Support is charged at an hourly rate, and is financed either by statutory social
care (including care managed budgets, Direct Payments or client-controlled Personal
Budgets), by clients themselves, or by a combination of sources. The service is flexible,
and clients receive as much or as little input as they need on a regular basi5. Call-off
contracts are in place with Bromley Council and KCC, and the service also operates in
Medway.
The Transcription Service produces accessible materials in audio, Braille, digital formats
and large print, which is of huge benefit to the Charity's clients, visually impaired
volunteers, Trustees and staff. We also provide small scale transcription for external
bodies such as Councils and GPS, and continue to see a slight increase in uptake due to the
Accessible Information Standard, introduced in summer 2016, which requires all publicly
funded health and social care providers to record and provide information in clients,
preferred formats.
Awareness training
KAB is an approved Open College Network (OCN) provider, and we deliver accredited
courses in Understanding Visual Impairment, Understanding Deafblindness, Understanding
Hearing Impairment, and Understanding Assistive Technology. We use these to train both
our own staff and external learners who want to gain a better understanding of the issues
surrounding sensory impairment. We also deliver non-accredited short courses tall0￿d to
the needs of different learners; these are adapted from approved course content, so
quality is consistently high.
Following the pandemic, we have now returned to delivering the majority of courses in
person, which is best suited to the practical and interactive nature of the learning.

Kent Association for the Blind
Trustees, Annual Report for the year ended 31 March 2024
(continued)
However, online training can still be provided upon request. The trend for bespoke courses
in preference to accredited training has continued this year.
Clubs, Groups and Cllent Support
During this year, 33 KAB social groups have been in operation across Kent, Medway,
Bromley and Bexley. These include art and craft sessions, groups who meet for
coffee/lunch, clubs who meet for talks/entertainment and groups who go on outings.
Each club is supported by dedicated volunteers who arrange activities and entertainment,
act as drivers and escorts, and help to raise funds. For Some members, this may be the
only face-to-face social contact of the week, so the clubs also act as something of a 'safety
net, for some elderly and vulnerable visually impaired people, with volunteers ensurlng
that KAB is called in if someone needs help.
KAB provides financial support to Clubs via an annual grants programme, and also by
meeting volunteer5. expenses and providing insurance cover. The Charity also provides
non-financial support such as recruiting and training volunteers, carrying out Disclosure
and Barring Service checks, and helping with publicity. Our staff visit at least every slx
months to offer advice and support to both members and volunteers. All KAB Clubs sign up
to a Handbook, which aims to ensure they operate safely and fairly and that members,
needs are met a5 well as possible.
We also run more focused sessions to connect clients with shared needs e.g. Glaucoma
Support groups. We are proud to have an established Advisory Council of service users and
volunteers which acts as a consultative group, providing advice to the Senior Management
Team and Board of Trustee5 on topics such as branding, policy, service development and
local issues under consultation.
Counselling
We continue to offer face to face counselling from our centres, alongslde telephone
counselling
with the latter accounting for approximately 75-80010 of provision.
Referrals to the Service during the year were 176 - consistent with the previous financial
year (171). The number of counselling hours was 1391, with interventions being tailored
to the needs of the individual. We continue to develop the service, with the team currently
working towards becoming a trauma informed provider.
We are very pleased to have secured multi-year funding from City Bridge Trust, which will
support our counselling work in south-east London over a 3 year period.
We a￿ delighted to have published an Impact report to highlight the outcomes achieved
by our counselling clients, which can be read here
htt
.kab.
who-we-are
act

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
Strategic Report
Projects
Project income has declined from £119,229 in 2022123 to £91,519 in 2023/24.
Irls - Moblle Sight Centre
Iris, our community vehicle, has continued to be a key way of increasing our reach and
working in partnership. In 23-24, Iris undertook 88 events, a significant increase on the 40
events in the previous year. Across these events, Iris, onboard team conducted 1280 one-
to-one consultations with individuals, as well as broader engagement with the general
public. Of the 1280 individuals supported, only 130/0 were previously known to KAB
meaning Iris is achieving her aim of enabling us to support more people via a local
approach. The one-two-one consultations included information about eye health,
technology, wellbeing and more - as well as onward referrals to other KAB community
seNices for additional support with independent living or specific eye conditions. Iris event
locations are diverse, including schools, garden centres, supermarkets, day centres, GP
practices and hospitals. We have continued to work in partnership with other charities to
increase Iris, impact - including local branches of Age Uk, The Macular Societyi Hi Kent
and Blind Veterans. In August 2023, we were delighted to secure a large multi year grant
from the National Lottery (Reaching Communities) which will support Iris over a 3 year
period, as well as providing some funding towards follow up Assistive Technology support
in the community.
Financial Review
In the year ending March 2024, the Charity's principal funding continued to come from
Local Authority Contracts, Grants, Fundraising and Legacies.
Income from all areas increased by £114,385 to £2,541,473 for the year ended March
2024 due to an increase in Donations and Legacies. Income was used to meet KAB'S
charitable objectives with rehab services being the single largest areas of expenditure at
£2,101,789.
Total expenditure for the year is £3,001,108 resulting in a deficit of £293,747 after
investment gain, compared with a deficit of £869,203 in the previou5 year which was as a
result of small legacies and higher staffing costs in 2022123.
Fundraising
Total Fundraising income increased by £208,554 to £607,235. reflecting largely attributed
to a strategy of focusing on Trust and Foundations (T&F) for this financial year. Areas
including the London Marathon event and our annual Golf Day event have over-performed,
however, there was a decline in Community and Corporate income. This was partially
attributable to not having a Fundraising Manager in post and the challenges of the external
fundraising climate.
Legacy income totalled £224,324. The Trustees are very grateful to the kind supporters
who have remembered KAB in their wills and through donations in memory.
We value the support of all our corporate partners and look forward to working together
over the coming year.

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
We continue to gain traction on social media through new follows, with g￿ater
engagement from posts about children and younger people. Income through appeals and
KAB Connect newsletter have been lower than previous years, due to the cost of living
crisis. We continue to seek sponsorship to drive down the publication costs.
Unfortunately we were greatly imparted by the cost of living crisis this year and have been
unable to raise sufficient funds to ffleet our targets across Community, Events and
Individual Fundraising which have been predictably the hardest hit throughout the last
financial year as the fundraising landscape continues to evolve.
Fundraising expenditure has been closely monitored during the year. Our focus on income
st￿aM5 with the greatest return on investment have been critical however the difficulties
in recruiting a Fundraising Manager have hindered our business model. A new Fundraising
Strategy 15 being developed with support from our experienced Fundraising Trustee and
the SMT.
We have seen success with our revised strategy for T&F, with income increasing from
£80,712 in 22-23 to £220,881 in 23-24. This is the result of significantly increasing the
volume of applications we make, while also diversifying the type of applications to include
larger and multi-year grants. We have aligned our T&F fundraising with our Services
directorate, which has created greater Synergy between service development needs and
fundraising objectives. We are delighted to have secured 3 year funding totalling £465,430
from the National Lottery to support our Mobile Sight Centre (Iris) and follow-up Assistive
Technology services. We have also been awarded a 3-year grant from City Bridge Trust to
support our counselling service in South-East London. Our current priorities for T&F
fundraising are counselling, assistive technology support, social groups and befriending.
Our main focus is funding our existing services, but we are also applying for innovation
funds to trial new initiatives - such as specialist dance based social g roups to benefit the
wellbeing of our clients.
We are registered with the Fundraising Regulator and we are committed to following their
Code of Fundraising Practice so as to ensure that the public, including vulnerable people,
are protected from unreasonable or intrusive approaches. KAB carries out all fundraising
activities in line with recognised standards. We are also registered as a Data Controller and
Data Processor with the Information Commissioner's Office and are compliant with General
Data Protection Regulation requirements.
Investment Powers and Policy
The charity's investment approach for the year was to both grow the real value of
investments whilst managing return and risk in the context of uncertain financial markets.
and to maximise bank interest from cash held on deposit. The Trustees employ Coutts &
Co. investment managers to achieve this aim, using full discretionary powers of
investment, but taking a medium to low-risk approach with a clear benchmarked target.
Investment income including bank interest increased to £40,046 in 2023124 from £30,889
in 2022123.

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
In reviewing the investment policy, the Trustees have considered any ethical restrictions
they should apply and are mindful of the need to avoid undermining the credibility of KAB
by profiting from, or providing capital to, activities which might be connected to those
which are detrimental to eye health. KAB only holds collective investments, and as such is
not at risk of i nvesti ng d irectly i n such companies. We also meet regularly with our
investment managers and monitor our portfolio to ensure an adequate level of scrutiny of
any potential exposure.
Reserves Policy
KAB'S Trustees consider that holding reserves is an essential part of their duty of
governance. The Reserves Policy is reviewed every February to coincide with the budget
setting and strategic planning timetable and the review of the Investment Policy and Risk
Register.
The policy for 2023/24 is to hold reserves of £490,000 (2022123 £490,000) to cover the
risks associated with loss of income necessitating winding down some or all of the
organisation, loss of key workers, investment risk and the risk of legacy income being
below budget, Unrestricted funds at 31 March 2024 totalled £1,063,94412023-
£1,050,427). The planned deficit for the financial year 2024125 is £395,801.
Trustees recognise that some reserves are required to deliver unfunded services which are
intrinsic to KAB'S work.
Total funds of the Charity as at 31 March 2024 were £2,778,859 (2023: £3,072,606).
The designated funds at 31 March 2024 totalled £1,323,841 (2022.. £1,522,295). Details
of these funds are provided in note 18. Funds were designated to cover building
maintenance, equipment and Icr maintenance and replacement, and project continuation
and éevelopment. In addition, funds designated that are associated with projects namely
ECLO, AT, Trai ning, Counsel ling and Transcription all represent the cost of the Services for
a period of one year. The maintenance fund represents costs which could be incurred over
the course of the next three years and the ICT equipment and replacement represents
costs likely to be incurred in the next one to five years. A fixed asset fund represents the
value of the fixed assets as these are operating assets and not available for charitable
expenditure.
Trustees are confident that their approach to reserves will enable them to maintain current
work programmes in the year ahead even with the planned deficit budget, and to complete
planned work in the event that income streams are adversely affected.
The restricted funds at 31 March 2024 totalled £391,074 (2023: £429,557). Details of
these funds are provided in note 19.
Plans for future Periods
The Trustees recognise the need to continue where possible to reduce budget deficits.
We have identified our key priority areas such as Trusts and Foundations where we would
hope to secure alternative means of funding and help reduce the subsidy from KA8
reserves. This includes exploring new funding streams for our Eye Clinic Liaison Officers
(ECLO'S) our Counselling Service and our clubs and social activities.
We have an exciting new strategy in place for Iris for 2024125 to enable us to reach more
existing and potential service users. We are very grateful to our sponsors and supporters
for their continued involvement and we are aiming to further improve our profile county

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
wide next year. This continues to be a very exciting venture for KAB with opportunities to
increase the services available on Iris.
Our partnership with Medway's Voluntary and Community Sector (VCS) Transformation
Academy continues. The Transformation Academy has continued to develop and we are
piloting providing HR support and DBS checks to small VCS organisations in Medway to
help increase our income and may also help KAB to save money with more collaborative
working (i.e. joint procurement initiatives).
Going concern
The Trustees have assessed the operational and financial impact in the Strategic Report on
pages 5 and 6. Trustees reviewed potential risks to KAB and Trustees note that KAB
remains in a stable position.

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
Reference and administrative details
Company Number
03339912
Charity Number
1062354
Registered Office
72 College Road
Maidstone
Kent ME15 6SJ
Tel 01622 691357
Our Advisors
8ankers
National Westminster Bank plc
2nd Floor County Gate 2
Staceys Street
Maidstone
Kent ME14 1ST
Auditors
Azets Audit Services
First Floor
River House
l Maidstone Road
Sidcup
Kent DA14 5RH
Investment
Managers
CoLJtts & Co
Wellington Gate
7-9 Church Road
Royal Tunbridge Wells
Tunbridge Wells TNI IHT
Our Directors and Trustees
Honorary Officers
Mrs. Hazel Groves
Mr. James Burke
Chair
Honorary Treasurer
Other Trustees
Mr. Michael Benson
Mr. Paul Betts
Mr. Anthony Blackman
Mr. Anthony Colwell
Mrs Jennifer Terry
Mr. Leonard Spiller
Mr. Luke Cashin
Mr. Alan Thorpe
Mrs Avril Langman-Heath
Mr. Ian Platt
Company Secretary
Nrs Eithne Rynne
Resigned September 2023
Resigned September 2023
Appointed September 2023
Appointecl December 2023
Appointed March 2024
Appointed March 2024
Our Senior Management Team and Key Management Personnel
Eithne Rynne
Andrea Forsythe
Vanessa Stanley
Katherine Barr
Chief Executive
Director of Finance
Director of HR
Director of Services

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
Structure, Governance & Management
Legal and Administrative Status
KAB is a charitable company limited by guarantee, incorporated on 25 March 1997, and is
also a registered Charity. The company is governed under its Articles of Association which
were updated in October 2009.
Governance
The Trustees meet at least quarterly, and each year, one third of the longest serving
trustees retire by rotation and are eligible for re-election. The Board can appoint new
trustees at any point during the year. Our aim is to have at least a third of the Board
representative from our client base.
Trustees are recruited via an open process in order to meet identified skills and knowledge
gaps, and all new Trustees go through an induction process which includes visits to various
areas of the Charity, and opportunlties to shadow staff and undertake training. A Trustee
Handbook underpins induction, and sets out the role of the Board, the role of individual
Trustees and officers, relationships with staff, guidelines for performance appraisal, a code
of conduct and conflict of interests policy.
No Trustee receives remuneration or other benefit from their work with the Charity.
The only permanent sub-commlttee is the Finance, Risk and Audit Sub-committee, which
comprises the Chair, Hon. Treasurer and Vice Chair (or another Trustee if no Vice Chair
Was appointed), and is attended by the Chief Executive and Director of Finance. This sub-
committee meets before every full Board meeting and reports back to the Board verbally
and in writing.
Governance information Is available digitally and in audio, Braille or large print for staff
and Trustees who have a sensory impairment; KAB also provides Guide Communicators or
other support as required at Board meetings and other Trustee events.
Oryanisational Structure & Management
Day to day responsibility for service provision and ensuring that charitable and strategic
aims are met is delegated to the Chief Executive. who is supported by a Senior
Management Team.
During the year, KAB had on average 100 staff (63.32 full time equivalent) across three
office bases. KA6 aims to ensure that it has appropriate procedures in place to ensure staff
are able to be fully engaged in all areas of the Charity's work and are given appropriate
training, support and guidance to carry out their roles effectively. KAB maintains its
Investor In People status and is an accredited Disability Confident Employer.
The pay of Key Management Personnel is agreed at board level. Pay scales are agreed
based on extensive reviews of the pay rates of similar roles within the comparable charity
sector. Management staff progress along pay scales based on length of service and
satisfactory performance in the same way as all KAB staff.
Throughout this report we mention our wonderful volunteers. Our volunteers generally
support rehab services by driving clients to meetings and appointments, delivering
equipment, home visiting and befriending, and helping people to read their mail and
manage their home affairs. Volunteers help run our clubs, help at events and help us with
many of our back room functions like administration and fundraising. We are enormously
grateful to them all.
io

Kent Association for the Blind
Trustees, Annual Report for the year ended 31 March 2024
(continued)
Related Parties and Connected Charltles
Any connections between a Trustee or senior manager and KAB'S suppliers, funders, or key
stakeholders must be disclosed in line with KAB'S Conflict of Interest policy. In the current
year no related party transactions were reported.
The Charity commits staff time and resources to collaborative working and staff are
involved in many strategic groups both nationally and regionallyi all with the ultimate aim
of improving the lives of sight impaired people. However, this joint working is informal and
KAB has no connected charities.
Principal Risks and Uncertainties
Potential risks to KAB, our beneficiaries and staff are reviewed regularly and detailed in a
Risk Register. Gross risk is measured in terms of likelihood of occurrence and severity of
impact, then the controls that we have in place are assessed to produce a retained or'net,
risk level.
The most significant net risks to the Charity in the current year are inability to deliver
service5 due to loss of contracts and tendering risk and data security risk, The risks
associated with the cost of livi ng crisis and the impact on our ability to fundraise have also
been retained on the Risk Register.
Risks to income are being addressed by the focus on developing a new Fundraising
Strategy and making changes where needed, the regular monitoring of cash flow,
increasing Guide Communicator fee income through requests to KCC, Medway and
Bromley Councils and holding adequate cash reserves to cover the medium term shortfall.
Contract and tendering risk refers to the potential loss of Local Authority funding, which
could pose a major threat to KAB as a whole and potentially to the quality of service
received by users. This risk is being addressed in the following ways - ensuring that we
have good knowledge of the sector environment and strong relationships with partner
agencies; growing the already good bank of data which evidences the quality of current
provision. being as involved as possible with commissioning strategy and ensuring costing
of services is accurate and up to date.
Increased data security risk reflects a marked increase in the demands placed on charities
by funders in terms of technical and policy compliance with challenging new Information
governance and data management standards. This is being addressed by continual review
of the raft of policies in place surrounding data security, ongoing investment in ICT
equipment and ensuring staff attend quality training on any changes and update policies
accordingly.
Risks are monitored and communicated regularly to the Board, and risk management
forms an integral part of our strategic planning.
statement of Trustees. Responsibilities
The Trustees (who are also directors of Kent Association for the Blind for the purposes of
company law) are ￿sponSible for preparing the Trustees, Report including the Strategic
Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year
which give a true and falr view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of
the charitable company for that period. In preparing these financial statements, the
trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent;
li

Kent Association for the Blind
Trustees. Annual Report for the year ended 31 March 2024
(continued)
state whether applicable UK accounting standards have been followed, subject to
any material departures disclosed and explained in the financial statements;
prepare the financial Statements on the going concern basis unless It Is
inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and
enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and
financial information included on the charitable company's website. Legislation in the
United Kingdom governing the preparation and dissemination of financial statements may
differ from legislation in other jurisdictions.
Disclosure of information to auditors
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor is
unaware. and
the trustees have taken all steps that they ought to have taken to make
themselves aware of any relevant audit information and to establish that the
auditor is aware of that information.
A resolution proposing that Azets Audit Services be reappointed as auditor of the charitable
company will be put to the members.
The Trustees, Report is approved by order of the Board of Trustees and the Strategic
Report (included therein) is approved by the Board of Trustees in their capacity as
directors in their meeting on 11 September 2024 and signed on its behalf by:
Mrs Hazel Groves
Chair
Registered Office
72 College Road
Maidstone
Kent ME15 6SJ
12

Kent Association for the Blind
Independent Auditors Report to the Members
Opinion
We have audited the financial statements of Kent Association for the Blind (the 'charitable
company,) for the year ended 3 1 March 2024 which comprise the Statement of Financial
Activities, the Balance Sheet, the Cash Flow Statement and the related notes. The
financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31
March 2024 and of its incoming resources and application of resources, including its
income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and have been prepared in accordance with the requirements of
the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs
(UK)) and applicable law. Our responsibilities under those standards are further described
in the Auditor's responsibilities for the audit of the financial statements section of our
report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including
the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt
on the charitable company's ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern
are described irs the relevant sections of this report.
Other Information
The other information comprises the information included in the Trustees Annual Report,
other than the financial statements and our auditor's report thereon. The trustees are
responsible for the other information contained within the annual report. Our opinion on
the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility IS to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the course of the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact.
We have nothing to report in this regard.
13

Kent Association for the Blind
Independent Auditors Report to the Members
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the TrLJStees' Report and the incorporated Strategic Report
prepared for the purpose of company law for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the Trustees, Report and the incorporated Strategic Report have been prepared in
accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the Trustees, Report and the incorporated Strategic Report.
We have nothing to report in respect of the following matters where the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and
returns; or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, responsibilities set out on page 15,
the trustees (who are also the directors of the charitable company for the purposes of
company law) are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the
charitable company's ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless
the trustees either intend to liquldate the charitable company or to cease operations, or
have no realistic alternative but to do so.
Auditor's responsibilities for the audlt of the f inancial statements
Our objectives are to obtain ￿asOnable assurance about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to
issue an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK)
will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expetted to influence the economic decisions of users taken on the basis of
these financial statements.
Extent to which the audit was consldered capable of detecting
irregularltles, including fraud
Irregularities, including fraud, a￿ instances of non-compliance with laws and regulations.
We design procedures in line with our responsibilities, outlined above and on the Financial
Reporting Council's website, to detect material misstatements in respect of irregularities,
including fraud.
14

Kent Association for the Blind
Independent Auditors Report to the Members
Extent to which the audlt was consldered capable of detecting irregularities,
including fraud (continued)
We obtain and update our understanding of the entity, its activities. its control environment,
and likely fLJture developments, including in relation to the legal and regulatory framework
applicable and how the entity is complying with that framework. Based on this
understanding, we identify and assess the risks of material misstatement of the financial
statements, whether due to fraud or error, design and perform audit procedures responsive
to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis
for our opinion. This includes consideration of the risk of acts by the entity that were
contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations,
including fraud, we designed procedures which included:
Enquiry of management and those charged with governance around actual and
potential litigation and claims as well as actual, susperted and alleged fraud;
Reviewing minutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulations considered to
have a direct material effect on the financial statements or the operations of the
company through enquiry and inspection.
Reviewing financial statement disclosures and testing to supporting documentation
to assess compliance with applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls,
including testing of journal entries and other adjustments for appropriateness,
evaluating the business rationale of significant transactions outside the normal
course of business and reviewing accounting estimate5 for indicators of potential
bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all
rregularities, including those leading to a material misstatement in the financial statements
or non-compliance with regulation. This risk increases the more that compliance with a law
or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to becoTne aware of instances of non-compliance. The
risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omi55ions,
misrepresentations, or the override of internal control.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and
maintain professional scepticism throughout the audit. We also.,
Identify and assess the risks of material mi55tatement of the financial statements,
whether due to fraud or error, design and perform audit procedures responsive to
those risks, and obtain audit evidence that is sufficient and appropriate to provide
ba515 for our opinion. The risk of not detecting a material mi5Statement resulting
from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of
internal control.
Obtain an understanding of internal control relevant to the audit In order to design
audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the charitable company's internal
control.
Evaluate the appropriateness of accounting policies used and the ￿asonab1eness of
accounting estimates and related disclosures made by the trustees.
15

Kent Association for the Blind
Independent Auditors Report to the Members
Extent to which the audit was considered capable of detecting irregularities,
including fraud (continued)
Conclude on the appropriateness of the trustees. use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that may cast significant doubt on
the charitable company's ability to continue as a going concern. If we conclude that
material uncertainty exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions a￿ based on the audit evidence
obtained up to the date of our auditor's report. However, future events or conditions
may cause the charitable company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the
underlying transactions and events in a manner that achieves fair presentation (ie.
gives a true and fair view).
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charitable company's members, as a bodyi in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been
undertaken so that we might state to the charitable company's members those matters we
are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charitable company and the charitable company's members as a body* for our
audit work, for this report, or for the opinions we have formed.
Michelle Wilkes FCA (Partner)
For and on behalf of Azets Audit Services
Senior Statutory Auditor
First Floor
River House,
l Maid5tone Road
Kent DA14 5RH
Date: 18 September 2024
16

Kent Association for the Blind
Statement of Financial Activities
Ilncluding income and expenditure)
For the vear ended 31 March 2024
Notes
Unrestricted
Funds
Restricted
Funds
Totsl
31.03.2024
Unrestricted
Funds
Restricted
Funds
Totsl
31.03.2023
Income:
Donations and Legacies
Charitable Activities
Rehabllltation Services
One to One Support Services
AT Service
Talking News and Transcription
Training
Clubs, Groups and Client Support
Projects
Other CJRS
408,490
205,743
614,233
298.557
96,366
394.923
3a
406.673
279,994
1,040
2,193
6,098
1,074,000
1,480,673
279,994
1.040
2,193
6.098
416,853
323,643
480
2,014
10,798
1,089,533
1.506,386
323,643
480
2,014
10,798
3b
91,519
91.519
119.229
119,229
Other activities
Investments
25,677
40,046
25,677
40,046
38.726
30.889
38,726
30,889
Total Income
1 261 730
1 279 743
2 541 473
1 241 189
1 185 899
2 427 088
Expendlture on:
Raising funds
Charitable Attivities
Rehabilitation Services
One to One Support Servi￿$
AT Service
Talklng New5 and Transcription
Training
Clubs, GroLtP5 and Client Support
Projects
159,386
159.386
359,339
359,339
882,229
459.078
117,891
2,761
34,025
10,909
16,603
1.219.560
2,101,789
459.078
166,437
4,591
34,085
59,139
16,603
927,638
473,251
92.480
25,593
36,702
7,666
11.483
1,175,513
2.103,151
473,251
143,733
26,858
36,702
63.355
11,483
48,546
1,830
60
48.230
51,253
1,265
55,689
Total Expenditure
1 682 882
(421, 152)
165 888
1 318 226
(38,483)
3 001 108
(459,635)
165 888
1 934 152
{692,963)
1 283 720
(97,821)
3 217 872
(790,784)
Net gainsllosses on investments
Net Income/{expenditure) and net
movement of funds for the year
Total funds brought forward
13
255 264
2,643,049
293 747
3,072,606
771 382
3,414,431
869 203
3,941,809
429,557
527,378
Total funds carrled forward
2 387 785
391 074
2 778 859
2 643 049
429 557
3 072 606
All the above amount relate to contlnulng artlvltles

Kent Association for the Blind
Company Number 03339912
Balance Sheet
As at 31 March 2024
Notes
31.03.2024
31.03.2023
Fixed Assets
Tangible assets
Investments
12
945,745
1448 611
992,352
1 504 624
13
Total Fixed Assets
2,394,356
2,496.976
Current Assets
stocks
14
12,693
513,273
146 270
12,557
496,559
325 973
Debtors
15
Cash at bank and in hand
Total Current Assets
672,236
835.089
Liabilities
Creditors falling due within one year
Net Current Assets
16
287 733
259 459
384 503
575 630
Total Assets less current Ilabllltles
2.778,859
3.072,606
Total Net Assets
2 778 859
3 072 606
The Funds of the charity:
Unrestricted general funds
Designated funds
Restricted funds
1.063,944
1,323.841
391,074
1,050.427
1,592,622
429,557
18
19
Totsl Charity funds
20
2 778 859
3 072 606
Approved for issue by the Trustees on 11 September 2024
Mrs Hazel Groves - Chair
Mr J Burke- Treasurer
The notes on pages 20 to 33 form part of these accounts.
18

Kent Association for the Blind
statement of Cash Flows
For the year ended 31 March 2024
Notes
31.03.2024
31.03.2023
Net cash used in operatlng activities
21
(423,018)
{629,360)
Cash flows from Investlng activltles
Interest received
Dividends received
Proceeds from sale of investment
Purchase of investments
Purchase or tangible fixed assets
3,641
36,406
1.290,727
(1,026,520)
(18,633)
2,279
28,610
1,001,965
(1,040,474)
(44,543)
Net cash provided by (used in) investing actlvities
285,621
(52,163)
Change in cash and cash equivalents in the year
(137,3971
(681.523)
Cash and cash equivalents brought forward
335,077
1,016,600
Cash and cash equlvalents carried ft)rward
22
197,680
335,077
19

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
All gains and losses are taken to the Statement of Financial Activities as they arise. Reali5ed gains and losses on investments are
calculated as the dlfference between the sales proceeds and their openlng carrying value or their purchase price is acquired
subsequent to the flrst day of the financial year. Unrealised gains and losses are calculated as the dIffe￿nCe between the fair
value at the year end and thelr carrying value. Realised and unrealised investment gains and losses are combined in the ststement
of Financial activities.
Operating leases
The charity classifies the leases of the Canterbury and Bromley Sight Centres as operating leases. Renta15 payable are charged in a
straight line basis over the lease term.
Clubs and Groups
The income, expenditure, assets and liabilities of all KAB clubs and groups a￿ included within these financial statements. All club
funds are treated as ￿$triCted.
Stock
Stock held comprises two elements= stock assoclated with non-charitable trade and stock provided as part of charitsble activity.
Neither stock type is issued for f￿e and as such all stock Is held at the lower of costs or net reali5able value. Darnaged or obsolete
stock is written down as an expense.
p)
Debtors
Trade and other debtors are recognised at the amount due less any provision for bad or doubtful debts.
q)
Cash at bank and in hand
Cash at bank and In hand includes only cash held in instant access bank accounts.
Creditors
Creditors a￿ wognlsed where the Charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a thir(J party and the amount due to settle the obligation can be measured or estimated ￿lIablY. C￿dItorS are
recognised at their settlement amounts.
Pensions
Employees of the charity are entitled to join a defined contribution 'money purchase, scheme. The charity contribution is ￿$trIcted
to the contributions disclosed in note 7. The costs of the defined contribution scheme are included within the staff costs of the
fundraising, charitable activity or support costs as appropriate. These costs are allocated to the unrestricted funds of the charity
with the exception of job roles which are funded by restricted funds, namely ECLO and Kent based rehab staff, and in these
instances pension costs are allocated to the relevant restricted fund. Where costs are allocated to support costs the costs are
charged to the unrestricted funds of the charity using the methodology set out in note 7.
Kent Associatlon for the Blind has two defined contributions schemes held with Aegon and The People's Pension. Since April 2014
Staff who were not already members of the Aegon scheme are only able to Join The People's Pension Scheme. The charity has no
liability beyond making its contributlons and paying across the deductions for the employees contributions to the relevant scheme.
New and existing employees who were not otherwise enrolled in a pension scheme were automatically enrolled into the People's
Pension Scheme Whe￿ their earnings met the auto enrolment criteria unless they had exercised their right to opt out of the
scheme membership.
Employees enrolled in both schemes contract directly wlth the companies concerned. The charity makes a matching contribution of
up to 6% of salary to these pension schemes and acts as an agent collecting and paying over employee pension contributions.
t)
Taxatlon
The charity 15 an exempt charity wlthin the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set
out in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets the definition of a charitable company for UK corporntion
tax purposes.
Management estimates and judgements
Accounting estimates and Judgements are continually evaluated and are based on historical experience and other factors, including
expectations of future events that are believed to be reasonable under the circumstances. The Foundation makes estimates and
assufflptions Con￿rning the future. The resulting accounting estimate5 and assumptions wlll, by definition, seldom equal the
22

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
related actual results. The estimates and assufflption5 that have a significant risk of causing a material adjustment to the carrying
amounts of assets and I￿abilItIeS within the next financial year are discussed below.
Useful economlc lives of tangible assets
The annual depreciation charye for tangible assets is sensitive to changes in the estimated useful economic Ilves and residual
values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to
reflect current estimates, based on technological advancement. future Investments, economic utilisation and the physical condition
of the assets. See note 12 for the carrying amount of the property plant and eqtsipment, and note Its") for the useful economic
Ilves for each class of assets.
2. Donations and Legacles
Total
31.03.2024
Total
31.03.2023
Donations
Grant income from Trusts and Foundations
Legacies
Club Donations
144,524
220,881
224.324
24,504
192,884
80,712
93,179
28,148
£614 233
£394 923
Of the total donations and legacies for the year ended 31 March 2024 £205.743 (2023 £96,366) is attributable to restricted
funds and £408,490 (2023 £298,557) is added to unrestricted funds. Of the total grants from Trust and Foundations, there
We￿ funders which donated over ÉIO,000 as follows- Lols Cumbers Charitable Foundation, National Lottery and Vision
Foundation.
3. Income from Charitable Activities
3a. Rehabilitation Services
Total
31.03.2024
Total
31.03.2023
Local Authority Grants from,.
Kent County Council
Medway Council
London Borough of Bmmley
London Borough of Bexley
1.155,000
153,242
148,000
1.170.533
147,907
148,000
£1 473 752
£1 483 440
Equipment Income
6,921
22.946
Total
£ 1480673
£1 506386
Of the total income for rehabllltatlon services for the year ended 31 March 2024 £1.074,000 (2023 £1,089,533) Is
attributable to restricted funds and £406,673 12023 £416,853) is added to unrestricted fund5.
23

Kent A5SQClation for the Blind
Note5 to the Financial Statements
For the year ended 31 March 2024
(continued)
3b. Tralnlng
Total
31.03.2024
Total
31.03.2023
Short Courses
6,098
10,798
Total
£ 10798
All income associated with Training in 2024 and 2023 is unrestricted.
3c. Projects
Total
31.03.2024
Total
31.03.2023
Other
91,519
119.229
Total
£91 519
£119 229
Of the total income for projects for the year ended 31 March 2024 £nil {2023 nil) is attributable to restricted funds and
£91,519 (2023 £119,229) is added to unrestricted funds.
4. Income from investn*nts
Total
Total
31.03.2023
31.03.2024
Income from listed investrnents
Inte￿st on cash deposits
36,405
3,641
28.610
2,279
£ 40046
£ 30889
All income associated with investments in 2024 and 2023 is unrestritted.
5. Expendlture on ralslng funds
Other
Trading
Attivities
Donations and
Legacies
Investment
costs
Total
31.03.2024
Total
31.03.2023
Direct staff Costs
Direct Fundraising Costs
Builéing and telephone costs
Investment management costs
Governance Costs (see note 7)
Support Costs ( see note 7)
80,899
30,084
7,626
4,258
1,583
85,157
31,667
7,626
8,305
1,321
25,310
214,895
65,904
12,390
8,250
2,708
55,192
8,305
1,202
23,032
119
2,278
£142 843
£ 159 386
£ 359 339
All expenditure on raising funds in unrestricted.
24

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
6. Expenditure on Charitable activities
Dlrect
costs
Support
costs
Stsff costs
Total
Total
31.03.2023
31.03.2024
Cost of raising funds
159 386
359 339
Charltable expendlture
Rehabilitation services
One to one support Serv1￿$
AT Service
Transcriptlon & Talking News
Training
Clubs, groups and client support
Projects
1.328,666
336,219
114,980
1,025
26,168
418,910
9,140
15,223
2,576
1,977
55,637
354,213
113,719
36,234
990
5,940
3,502
2,101,789
459,078
166,437
4.591
34,085
59,139
2,103,151
473,251
143.733
26,858
36,702
63,355
681
1 807 739
519 385
514 598
2 841 721
2 858 533
1 892 896
551 052
557 160
3 001 108
3 217 872
Induded In dlreci cosls and support costs are ¥t8ff costs of £236,202 {2023.. £238,604> which a￿ allocated above.
7a. Support costs
Total
31.03.2024
Total
31.03.2023
CEO'S office
Finance
HR
IT
Establishment cost5 including sUp￿rt stsff
Insuran
Professional fees
Governan￿ (note 7b)
95.772
76,744
65,066
48,839
186.202
36,533
20,157
27,847
93.459
75,775
75,063
61,615
191.701
34,678
37,950
26.969
557 160
597 210
7b. Governance costs
Total
31.03.2024
Total
31.03.2023
Auditor's remuneration
CEO and finance cost5
other
12,000
10,999
4,848
12,000
10,024
4,945
25

Kent Assoclation for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
8. Net expenditure for the year
This is stated after the following
Total
31.03.2024
Total
31.03.2023
Depreclation of tangible fixed assets
L055 on Dlsposal
Audit Fees - Statutory Audit
Operating leases
52,959
12,282
12,000
58,518
12.000
Land and Buildings
9. Analysis of staff costs, trustee remuneratlons and expenses, and the cost of key management
personnel
Total
31.03.2024
Total
31.03.2023
The staff costs were
Wages and Salaries
Social Security Costs
Penslon Cost5
1,882,842
158,358
87,898
1.985,862
164,876
89,313
2 129 098
2 240 051
The total amount of redundancy payments made in the financial year was £3,978 (2023 £5,454). Redundancy
payments a￿ set at the statutory minimum amount based on the staff members, age and period of service.
Trustees were relmbu￿ed expenses during the year of £448 (2023 £30). The nature of the expenses
reimbursed were travel expenses in connection wlth attending meetings.
The average number of staff during the year was 100 (2023 109).
2024
2023
Part
Time
Full Time
Part Time
Full Time
Head Office
Fundraising
Charitsble activities
io
32
53
34
54
36
64
42
67
During this year. one employee earned more than £70,000 but not more than £80,000 (2023- one employee
earned MO￿ than £60.000 but not more than £70,000).
The key management personnel of the charity comprise the trustees, CEO, Director of Finance, Director of HR
and Director of Client Services. The employee benefits of key management personnel total £237.092 four staff
members {2023'. £295.381 five staff Members).
10. Related Party Transactlons
There have been no ￿lated party transactions in the year ended 31 March 2024 (2023 nil) which require
disclosure.
26

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
I l. Taxation
The charity is an exempt charity wlthln the meaning of schedule 3 of the Charltles Act 2011 and, is considered
to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a
charitsble company for UK corporation tax purposes.
12. Tangible Flxed Assets
F￿ehOld
land
and
buildings
College
Road
Maidstone
Furniture,
fittings
equipment and
com
uters
Motor
Vehicles
Totsl
Cost
As at l April 2023
Additions
Disposal
As at 31 March 2024
1,306,924
246,629
18,633
120 730
74,162
1,627,715
18,633
120 730
1 525 618
1 306 924
144 532
Depreciation
As at l April 2023
Charge for the year
Disposal
As at 31 March 2024
427,403
16,138
178,295
21,989
108 448
29.664
14,832
635,362
52,959
108 448
579 873
Net Book Value
A5 at 31 March 2024
863 383
945 745
As at 31 March 2023
879 521
992 352
The land value included in Freehold land and buildings is £500.000.
13. Flxed Asset Investments
Movement in fixed asset listed 5nvestments
31.03.2024 31.03.2023
Market value brought forward at l April 2023
1,504,624
1,562,683
Add: additions to Investments at cost
Movement In cash held within investment5
Disp)sals at carrying value
Unrealisedlrealised gains and (losses)
1,026,520
1,040,474
42,306
(18,148)
(1,290,727) (1,001,966)
165.888
(78,419)
Market value as at 31 March 2024
Net cash released from investments in the year was £250,000 (2023 Énil).
1 448 611
1 504 624
27

Kent AsSOClation for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
13. Fixed Asset Investments
Investments at falr value comprlsed:
31.03.2024 31.03.2023
Bonds
Equities - overseas
Equitie5
UK
Equities - Emerging markets
Thematic
Comrnodities
Cash held within the investment portfolio
196,843
586,933
403.858
78,141
95,639
35.787
388,855
505,125
425,521
133,282
42,737
Total
1 448 611
1 504 624
Investments include É 103.777 (2023 £90,423) held on behalf of clubs and branches.
Quoted investments are carried at their fair value. The basis of fair value for quoted investments is equivalent to the market
value. The charity holds investments for income and capital growth. The charity manage5 investment risk by retaining expert
advisors at Coutts bank. Risk is also managed by dlrecting Coutts to operate the investment portfollo uslng a medium risk
strategy. The risk of realised losses upon needing to extrart cash at short notice is mltigated by assessing cash flow needs at
least 18 months into the futu￿ and holding sufficient cash outside of the portfolio to meet these needs.
The following investments represent a significant value of the portfollo:
31.03.2024 31.03.2023
Coutts Actively Managed UK Equity
Coutts Actively Managed US Equity Fund
Coutts US ESG Insights Equity Fund
Coutts UK ESG Ensights Equity Fund
Coutts Europe ex UK Equity Index GBP-C-
Coutts US and Canada Enhanced Index
Equator US Equity Shares
Equator UK Equity Fund Shares
97,391
192,062
205,163
277.344
85,561
114,072
128,738
28,395
248,527
244,459
280 798
14. Stock
31,03,2024 31.03.2023
Fundralslng Merchandise
Rehab and Low Vision Equiprnent
1,632
2,587
15. Debtors
Totsl
31.03.2024
Total
31.03.2023
Trade debtors
Prepayments
Accrued Income
other debtors
133,953
48,499
326,527
140,441
49,804
306,314
513 273
496 559
28

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
16. Credltors: amounts falling
due withln one year
Total
31.03.2024
Total
31.03.2023
Trade creditors
Accruals
Deferred Income
Other Taxation and Social Security
other creditors
81,071
29.378
131,266
44,929
40,792
46,333
111,815
59,611
908
259 459
287 733
17. Deferred Income
Total
31.03.2024
Total
31.03.2023
Balance at l April 2023
Released in the year
Deferred in the year
Balance at 31 March 2024
111.815
(111,815)
131 266
131 266
13,312
(13,312)
111 815
111 815
Deferred Income of £131,266 relates to income from events and project grants occurring post year-end.
18. Deslgnated funds
New
designation
Designation
released
Current year
Balance at
31.03.2023
Balance at
31.03.2024
Designated Funds
Eye Clinic Lialson Offi￿r Fund
AT worker Fund
Transcription Fund
Training services Fund
Maintenance Fund
Equipment and ICT Fund
Mobile Slght Centre
Counselling
Fixed asset reserve
Total
89,711
49,435
13,793
25,831
193,100
73.400
75,000
80.000
992 352
125.000
95,000
io.ooo
27.000
(95,978)
(135.235)
(5,161)
(29,831)
(68,800)
{25,600)
(75,000)
{43.569)
118,733
9,200
18,632
23,000
124,300
47,800
36,431
945 745
1 323 841
1 592 622
257 000
525 781
The Trustees feel that roles performed by the Eye Clinic Liaison Officers, AT workers. Mobile Sight Centre staff and the work
undertaken by the Transcrlption, Counselling Service and Training services are of vital importance to KAB service users and as
such, they have again designated funds (above), to enable servi￿5 continue In the coming year in the event that insufflclent
new external funding is obtained.
The maintenance fund will allow KAB to meet the expected building maintenance costs, based on a detailed review of repairs
and ￿newa15 needs.
The equipment and Icr Fund is based on the expected futu￿ costs of maintaining the charities ICT Infrastructure in an
increasingly challenging Information Governance environment.
The fixed asset fund relates to funds held in fixed assets, including the freehold land and buildings. that are not available for
charitable expenditure.
29

Kent A550ciation for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
{continuedl
18. Oesignated funds
Prior year
New
designation
Designation
released
Balance at
31.03.2022
Balance at
31.03.2023
Deslgnated Funds
Eye Clinic Liaison Officer Fund
AT worker Fund
Talking News & Transcription Fund
Training services Fund
Maintenance Fund
Equipment and ICT Fund
Mobile Sight Centre
Counselling
Fixed asset reserve
130,142
77,965
20,017
27,024
193,100
67,720
105.000
70,000
20,000
27.000
(145,431)
(98,530)
{26.224)
(28, 193)
89,711
49,435
13,793
25.831
193,100
73,400
75,000
80,000
992 352
5,680
75,000
80,000
1 006 328
Total
1 522 296
382 680
312 354
1 592 622
19. Restrirted Funds
Current year
Balance at
31.03.2023
Income
Expenditure
Balance at
31.03.2024
KCC Adults Grant
Trust5, Legacies and donations
restricted to AT services
Trusts and donations restricted to
children's activities
Trusts and donations restricted for
demonstration equipment
Trusts restricted for the Foundation
Degree
Trusts and donations restricted for
talking News
Donations restricted for rehabilitation
and activities for adults
Aiming Highl Mary Kirby
Jarrett Legacy
ECLO Funding
Counselling
Covid Funding
MSC
Clubs and Groups
1,074.000
(1,074,000>
45,765
55,625
(48.546)
52.844
1,523
2,121
(248}
3,396
710
710
60
(60)
1,829
(1,8291
5.874
32,815
56,312
300
(1,810)
{6.156)
(14.818)
(3,000)
(30,809)
(307)
(88,413)
4,364
26,659
41.494
3,000
18,528
12,342
5,233
14,487
252 607
429 557
61
4.926
19,681
236 939
93.607
1 279 743
1 318 226
391 074
30

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
KCC Adults Grant is the grant from KCC for the provislon of adult's rehabilitation services in Kent.
We are tremendously grateful for the donations from individual donors, organisations and many trusts that have supported our
work this year. Trust funding has been received for AT services. children's activities, the purchase of demonstration equipment,
the ongoing provision of Transcription and the support of rehabilitation and leisu￿ activities for adults.
Also included within restricted trust donations for AT services are.. grant5 made to pay the salary costs of our AT Worker in
Bromley, which were received. from City Bridge Trust and a generous legacy bequest for our general AT servlces.
The Jarrett Legacy is a legacy left for the benefit of the Grave5end area.
The Alming Highl Mary Kirby fund relate5 to legacy income to be spent in the Sevenoaks area.
The ECLO funding is income to be spent within the department from Kent Community Foundation and Tula Trust.
Clubs and groups represent the total funds held by the KAB clubs and groups including accrued legacies.
The Counselling funds Is to be spent on telephone coun5elling and face to face counselling In the Bromley and Canterbury area.
The MSC Fund relates to donatlons restricted for the purchase and use of the Mobile Sight Centre.
The grant from the National Lottery Community Fund (RC London and South East Region) is restricted to supp)rt Iri5 (MSC)
over a 3 year period, as well as providing some funding tOV4ards follow up Assistive Technology (AT) sUPPOrt in the community.
The Grant amount to date is £129,706.
The Covid Funding is funding to be spent on personal protective equipment in light of the Covid Pandemic.
19. Restrirted Funds
Prior year
Balance at
31.03.2022
Income
Expenditu
Balance at
31.03.2023
KCC Adults Grant
Trusts, Legacies and donations
restrirted to AT services
Trusts and donations restricted to
children's attivitie5
Trusts and donations restricted for
demonstration equipment
Trusts restricted for the Foundatlon
Degree
Trusts and donations restricted for
talking News
DonatlOn5 ￿$tricted for rehabilitation
and activities for adults
Aiming Highl Mary Kirby
Jarrett Legacy
Counselling
Covid Funding
MSC
Clubs and Groups
1.089,533
(1,089.533)
67,471
29.547
(51,253)
45,765
1,864
(341)
1,523
1,189
(479)
710
60
60
3,094
(1,265)
1,829
8,633
34,181
73,791
14
45,463
13,720
277 898
2,596
{5,355)
(1,366)
117,479)
(14,257)
(40,230)
(6,473)
5,874
32,815
56,312
12,342
5,233
14,487
252 607
429 557
26.585
7,240
527 378
1 185 899
1 283 720
31

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
20. Analysis of net assets between funds
Net
Current
Assets
Current year
Fixed
Assets Investments
Total
31.03.2024
Restrirted funds
Designated Funds
Unrestricted Funds
103,777
378.096
966,738
287.297
391,074
1,323,841
1,063.944
945.745
97,206
945 745
1 448 611
384 503
2 778 859
Prior year
Fixed
Assets
Net Current
A55ets
Investments
Total
31.03.2023
Restritted funds
Designated Funds
Unrestricted Funds
90,423
600.270
813,931
339,134
429,557
1,592,622
1,050,427
992,352
236,496
992 352
1 504 624
575 630
3 072 606
21. Reconciliation of net movement In funds to net cash flow from operating artivities
31.03.2024
31.03.2023
Net movement in funds
Add back dep￿CiatIon charge
Deduct interest income shown in investing activities
Add back loss on disposal
Deduct gains/ add Losses on Investments
(Increase)/ Decrease in stocks
(Increase)/Decrea5e in debtors
Increase / (Decrease) in creditors
Net cash used In operating activities
(293,7471
52,959
{40,046)
12,282
(165,888)
(136)
(16,714)
(869,201)
58,518
130,889)
78,419
(1,330)
26.444
108 679
423 018
629 360
32

Kent Association for the Blind
Notes to the Financial Statements
For the year ended 31 March 2024
(continued)
22. Analysls of cash and cash equlvalents
31.03.2024
31.03.2023
Cash at bank and in hand
Cash held by Clubs
Cash held with Investment managers
65,958
80,312
221.512
104.461
197 680
335 077
The difference in the figure for cash and cash equivalents on cash flow statement and the cash In balance sheet Is due to the
Inclusion of cash held within Investment managers.
23. Obligations under operatlng leases
The company had futu￿ commitments under non-cancellable operating lease5 a5 follows:
Land and Buildings
Other
31.03.2024 31.03.2023 31.03.2024
31.03.2023
Total
31.03.2024
31.03.2023
Payments due in less than l year
Payments due in 2-5 years
8.667
39,750
1937
2,113
1,937
10,604
39,750
2,113
1,937
33