Focus Birmingham ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2024 Charity No. 1065745 Company Registration No. 3353444 Regislered in England and Wales *AD15GHEO• 1711212024 COMPANIES HOUSE
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Focus Binningham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 The Trustees, who are also Directors of the Charitable Company, presenl their annual report and audited financial statements of the Group for the year ended 31 March 2023. As a Small Charitable Group, the Trustees have taken advantage of the exemption of not providing a Strategic Report. TRUSTEES The following Trustees have served since 1 April 2023: Ms V Griffiths Dr R Hindle Mrs J McDougall Mr J Montgomery (Chairman) (resigned 16 November 2023) Miss Z Allen-Robinson Mr J Feehan (resigned 9 November 2023) Mr M Jandu Mr R Sivaraj Ms D Wragg (resigned 22 February 2024> Ms V Barker Mr M Reeves (Chairman) (appointed 23 May 2024) Mrs V Pargetter-Gafner {appointed 23 May 2024) Mr A Dunnett (appointed 8 August 2024) REGISTERED OFFICE Focus Bimingham 48-62 Woodville Road Harborne Birmingham 817 9AT ABOUT FOCUS BIRMINGHAM Focus Birmingham is a registered charity and the biggest provider of care and support services to those with a visual impairment and complex needs in Birmingham. There are 28,600 people in Birmingham living with sight loss and a predicted increase of 17.10 by 2030. One in ten people living with a disability in Birmingham have complex needs. The charily was founded in 1998, previously operating under the auspices of BRIB (Birmingham Royal Institution for the Blind). The organisalion employed 142 staff.on pemianent or fixed temi contracts at 31 March 2024 and provided support to blind, visually impaired and those wrth profound disabilities on over 30,499 occasions in 2023-24 The charity's purpose to make lives better by creating opportunities for people with care and support needs, so that they feel empowered to live lrfe to the full, and unlock their potential. It ha5 a reputation as a centre of excellence, developing its services and working in partnership with others to develop pathways of care and support that achieve the best possible outcomes for people living with care and support needs. Page I
Focus Birn]ingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 ABOUT FOCUS BIRMINGHAM (CONTINUED) Focus Bimiingham aims to fulfil this objective by focusing on four strategic focus areas.. 1. A great place to work and volunteer: We will create a culture where staff and volunteers love to come to work and feel safe around each other- safe expressing their feelings, asking for help, talking about problems and admitting to mistakes. and trust they will get the support they need to overcome them. 2. Being financially secure We will become financially secure to enable us to sustain our current services and allow us to grow. 3. Oelivering safe high quality services We will build on our service's strong foundations and continue to improve their quality so that they are always high-quality person-centred services that are designed in collaboration with the people we support. 4. Growing our impact We will grow our impact by increasing the number of people we reach and increasing the types of support we offer for everyone. Related Parties The charity has one wholly owned subsidiary, Focus Care and Support Limited. Focus Care and Support was incorporated on 4 August 2021 and ils purpose is to operate as the contracting party for local authority and healthcare body funded individuals using the Group's services. Focus Birmingham has a formal relationship with tsyo other organisations.. Birmingham Royal Institution for the Blind ('BRIB"). Three Focus Binningham Trustees are entitled to be members of the BRIB Board. Three Local Charities {'TLC°) Lottery. Focus Birmingham owns one third of the Lottery alongside Acorns Children's Hospice and The Hospice Charity Partnership (formerly St Mary's Hospice). Focus has the right to appoint two members of the TLC Board, including a trustee. Page 2
Focus Birn]ingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 GOVERNANCE ARRANGEMENTS, BOARD OF TRUSTEES, SENIOR MANAGEMENT TEAM Focus Birmingham is a registered charity (No.1065745) and a Company limited by guarantee registered in England and Wales (No. 3353444) with its own constitution - the'memorandum and Articles of Association, as amended in July 2016 and updated and further amended in July 2021. It is enlered in the Central Register of Charities as Focus Birmingham. The company is referred to as such, or as the °charity' -the charitable company" or -Focus" The Trustees of Focus Birmingham are responsible for overseeing the management and administration of the charity and have ultimate responsibility for the charity's activities. The Trustees are also the Directors of the company. Trustees join as co-opted members at the invitation of the Board of Trustees. Induction and training is available for all Trustees. The role of the Board of Trustees is to- Ensure that Focus Birmingham acts in accordance with its Memorandum and Articles, charity law, company law, and other relevant legislation or regulations. Ensure that Focus Birmingham applies its resources exclusively in pursuance of its objects ('the relief of blind and partially sighted people and those with other disabilities and in particular the promotion of and assistance with serrfices for and with blind and partially sighted people and disabled people to enhance their quality of life.). Provide strategic direction to the organisation, setting overall policy, setting tsrgets and evaluating performance against agreed targets. Safeguard the good name and values of the charity. Protect and manage the propety of the charity and to ensure the proper investment of Focus Birmingham's funds. Oversee the financial affair8 of the charity. The Board are fully aware of the revised Chartty Governance Code which was issued in July 2017, and are taking steps to ensure compliance with rts requirements where considered appropriate. During the year the full Board of Trustees met quarterly and all meetings were quorate. The Board also operates three subcommittees. which also meet quarterly, wrth current membership being shown below.. All Committees have a nominated Chair, who is the first named trustee in the following lists., terms of reference for each Committee are in place and were reviewed and updated during the 2019-20 financial year. Indemnity insurance for Trustees and Officers, providing £1m12023.. £1m) of cover has been purchased at a cost of £3,234. Page 3
Focus Birnlingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 GOVERNANCE ARRANGEMENTS, BOARD OF TRUSTEES. SENIOR MANAGEMENT TEAM (CONTINUED) Flnance and Audlt Business Development Mrs J McDougall Ms Z Allen-Robinson Dr R Hindle Ms J McDougall Mr M Reeves Mr R Sivaraj Contracts, Performance and Workforce Ms V Tierney Mr M Jandu Ms V Griffith$ The day-to-day management of the charity is delegaled lo the charily's paid staff, and in particular to the Senior Management Team, whose members during the year were: Chief Executive- Cate Burke Financial Controller- Ivy Erhabor (until June 2023) Financial Controller- Kahina Clarke (from July 2023) Head of Workforce and Human Resources- M8rcia Lawrence Director of Services and Development- Michelle Williams (from September 2023) Director of Resources- Gerry Dryden (June 2023) The key management remuneration policy is set by the Finance & Audit Committee and is reviewed on an annual basis as part of the budget-selting process. FOCUS BIRMINGHAM SERVICES During the year 2023124. Focus Birmingham provided a wide range of services including: Slght Loss Support Services: Delivering a comprehensive range of support, counselling and clinical services for people with a visual impairment. These services include Ihe provision of low vision assessments. emotional support, counselling, befriending services and also comprehensive programme of community and social activities. Our aim is to deliver an extensive, holistic joined-up approach to meet the individual's needs and improve their way of life. Complex Needs Service: Provides personalised support through our day service for people with profound and multiple complex conditions. The focus is on providing expert care, often on a one-to-one basis and an engaging activities, programme to improve their independence and wellbeing. The service also operates its own transport fleet and transports over 65 clients per day to and from the Day Centre. Page 4
Focus Birn]ingham TRUSTEES. REPORT AND REV.IEW OF THE YEAR for the year ended 31 March 2024 FOCUS BIRMINGHAM SERVICES (CONTINUED) Supported Living: Provides personalised support through our specialist 2417 supported living scheme for visually impaired people and those with disabilities The aim is to provide a safe. caring environment encouraging and enabling them to live independent, happy and healthy lives. The benefla[ impact of the wide range of vital services that Focus delivers can be demonstrated by the case studies of clients whom Focus supports. Case Study: Sight Loss Support- DH, a resilient 69-year-old from Yorkshire and former school inspector and headmaster, has faced a lifetime of health challenges, especially with hls vision and hearing. Despite experiencing a series of debilitating vision issues, including glaucoma, detached retinas, cataracts, and a corneal ulcer all made more complex by his hearing loss DH'S spirit remains unbreakable. His love for the arts, reading. and lifelong learning has helped him hold onlo a positive outlook and his sharp sense of humour, even in the face of hardships thal have tested his independence. The support DH has found through Focus has been nothing short of transformative. With guidance, social connections, and emotional support, DH has rediscovered a sense of independence. The practical courses and specialised equipment have given him Ihe tools to adapt to his sensory challenges, signrficantly boosting his confidence and mental well-being. Focus has empowered DH to lead a fuller, more vibrant life, which he embraces with renewed confidence and an unwavering resolve lo live on his own terms. As DH reflects, "I h8ve nol looked back since. All my dealings with Focus and its s18ff and voluntee have been life-affirming and have given me renewed confidence to sunnount my du81 sensory loss and live life to the full lollowing the examples of inspiralion81 course le8ders and staff members" Case Study: Day Services- JN joined the Focus Bimiingham Complex Needs Day Service at age 19, transitioning directly from school thanks to a long-standing partnership beeen his school and the Focus Complex Needs Service (CNS) team. which has supported many of the school's fomier students over the years. To ensure a seamless transition, Focus's Transition Officer collaborated closely with JN'S school staff, designing a personalised care package tailored specifically for him. JN'S mother, M, shares. "JN attends the Focus day service three times a week. with full access to a variety of activities. The opportunities he has allow him to socialise, connect with like-minded friends. and build new relationships. The support staff are incredible-they truly understand hi5 needs. he5ping him reach his full potential. Focus's CNS team specialises in creating person<entred programs in psrtnership wrth individuals and their families. These programs are designed to promote choice, foster control. and support both emotional and physical well-being. At Focus, we work closely with each individual to find communication methods that best suit their needs. Page 5
Focus Birn]ingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 FOCUS BIRMINGHAM SERVICES (CONTINUED) JN has thrived in his new environment. quickly becoming a well-loved member of the community among staff and other service users. His mother adds, "He's always eager to come to the centre, and we are so grateful for the support our f8mily and JN receive from thg Focus Birmingham leam." Case Study: Supported Living- JW, a 31-year-old man wilh a learning disability, mild autism, and menlal health challenges. needed a more supportive living environment, leading his social worker lo refer him to Focus Birmingham. When JW first moved to Millward Place, he eagerly joined activities like gardening, swimming, gym visits, and Bible Study However, recent health issues have made social interactions more challenging, and he now benefits from additional one-on-one support from staff who understand his unique needs This supportive environment at Millward Place has been crucial for Jws wellbeing. Staff provide consistent emotional support and assist him wilh appointments involving psychiatrists, learning disability nurses, and occupational therapists. They've also helped him eslablish healthy boundaries in family relationships. With their support, JW has made great strides, learning to cook, manage his flat, and handle his own laundry, allowing him to make independent decisions. He has even resumed group activities, enjoying karaoke, games nights, and gardening with the other residents. The consistent support he receives at Millward Place has helped maintain his wellbeing. Daily engagement, emotional support. and a structured routine have all been essential in preventing his condition from worsening. JW relies on staff for medication reminders, assistance with attending appointments, and support in maintaining personal hygiene. Jws story highlights the transformative impact of supportive environments like Millward Place. Wtth the dedicated help of Focus Birmingham staff. JW has developed essential life skills, gained greater independence, and continues to receive the tailored support he needs to navigate his health challenges. His journey underscores the importance of personalised support and community involvement in enhancirsg quality of life for individuals with similar needs. Page 6
Focus Birniingham TRUSTEES, REPORT AND .REVIEW OF THE YEAR for the year ended 31 March 2024 OBJECTIVES. ACTIVITIES AND ACHIEVEMENTS As we reflect on the past year, it's evident that it has been a period of significant accomplishments and development for our charity. Through diligent effort, strategic planning, and collaborative teamwork, we've navigated challenges and made meaningful progress across the charity. In quarter two of this year, we launched our new corporate strategy including our refreshed Mission, Vision and Values. This has provided us with a roadmap for success over the next hvo years. It has clarified our core purpose and will ensure all our efforts are directed towards enabling us to become a great place to work and volunteer, achieve financial security, enhance the quality of our person- centred services, and enable us to increase our impact by reaching more people and offering more support for everyone. In setting our objectives and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefrt. Our mission is... 'To make Ilve8 better by creating opportunities for people with care and support needs, 80 that they feel empowered to live life to the full, and unlock their potential. The strategic objectives agreed by the Board to direct the priorrties of the organisation for the years 2023-2026.. ObJocUv• One: People A great place to work and volunteer Outcome We will create a culture where staff and volunteers love to come to work and feel safe around each other- safe expressing their feelings, asking for help, talking about problems and admitting to mistakes, and trust they will get the support they need lo overcome them Goals To develop and deliver a learning development strategy To develop and deliver a workforce strategy that reduces our vacancy rate and increases retention To develop a leadership culture that nurtures trust and focuses on supporting staff to be their best To improve our staffs well-being and reduce sickness rates To develop and implement a volunteer stralegy Strategic Focus Area 2: Security Outcome We will become financially secure to enable us to sustain our current serrfices and allow us to grow Goals To build and maintain adequate reserves to enable us to sustain or seNices and invest to grow our impact To diversify our sources of income and reduce our dependency on the statutory sector Page 7
Focus Birn]ingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 OBJECTIVES, ACTIVITIES AND ACHIEVEMENTS (CONTINUED) To ensure all our services are based on clear financial frameworks based on full cost recovery models To increase our fundraising income to support service delivery and operating costs To ensure all future decisions are based on robust financial data and modeling Strateglc Focus Area 3: Quality Outcome We will build on our service's strong foundations and continue to improve their quality so that they are always high-quality person-cenlred servbces that are designed in collaboration with the people we support Goals To implement person-centred digrtal care planning sofhvare for our care-based services To implement a governance and quality framework that supports besl practices and drives quality To ensure our infrastructure facilitates person centre care To embed co-production into serrfice review and design Strateglc Focus Area 4: Grow our Impact Outcome We will grow our impact by increasing the number of people we reach and increasing the types of support we offer Goals To increase the number of people we support within our current servtce offer To increase the geographical reach of our services To diversrfy our seTvice offer To diversrfy the types of people VR support Key achievements for the period include Carried out a comprehensive review of the charity's Mission, Vision and Values , working with our beneficiaries, slaff, volunteers and key stakeholders to develop a clear and shared understanding of our purpose and direction Identification of key Strategic Focus Areas for the strategy period to ensure we achieve our mission Development of operational plans for each Stralegic Focus Area ensuring that we are appropriately resourced to achieve each of Focus areas, objectives Implemented new directorate structure for Resources and Services and Development to ensure we have the capacity and capability to enable us to achieve our strategic objectives Carried our comprehensive review of our income generation strategy and launched the new plan in quarter four Page 8
Focus Birn]ingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 FUTURE PLANS During the coming year, we plan to deliver the objectives set out in the new strategy which will include.. Developing a refreshed Leaming and Development Stralegy Developing a refreshed Volunteer Strategy Developing a refreshed Marketing and Communications Strategy Implementing our new Income Generation Strategy CONTRIBUTION OF VOLUNTEERS Volunteering remains a key element of our service delivery. During 2023124 Focus had 51 active volunteers, including its 8 Trustees. Our cohort of volunteers continue to support Focus across every aspect of its work - from routinely covering its main Reception Desk through to its Telephone Befriending Service. Our commitment to communty engagement is evident from collaborations wrth local community groups and businesses to widen our reach. Focus has also continued to offer work experience and placement opportunities to students from local schools, colleges and universrties. Recognising our volunteers, Focus has created a new Recruitment Coordinator role within its People Team. This post will focus on ensuring processes are in place to maximise volunteer recruitmenl, talent (skills and experience) and retention to énhance our sarvice user experiences. GENDER PAY REPORTING Focus Birmingham employs a paid workforce of under 250 thefore is outside of the scope the Gender Pay gap report regulations. Our Board of Trustees is committed to equality and inclusion across the charity, including gender pay equality and has therefore chosen to self-report. It can be reported that the median gender pay gap in favouf of males at 31 March 2024 was 1.8%. The mean gender pay gap in favour of males at 31 March 2024 was 2.40/0 FUNDRAISING CODE Focus Birmingham is registered with the Fundraising Regulator. and follows the recommendations of the Fundraising Code in all material respects. During Ihe financial year 2023124, we did not outsource our Trusts and Grants fundraising activities to a 3rt party. No formal complaints regarding fundraising were received during the year. Page 9
Focus Binningham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 RISK MANAGEMENT The Trustees have considered risks and risk management throughout the year as part ofthe business of Board and Committee meetings. The principal area for attention remains the potential reduction of external funding from Local Authorities (principally Birmingham City Council) and the NHS. The Trustees and Board conducted a comprehensive review of key areas of risk during 2023124 and are following Charity Commission guidan. The following fundamental areas of risk to the charity remain constant.. l. Risk: Vulnerability due to reliance on external funding associated with local authority and NHS contracts. Mitigation: Focus Day Centre is positioned as a specialist provider for people who are entitled to social care funding under the Care Act 2014. The service is increasingly providing placements funded by the NHS (under Continuing Healthcare Crileria) or through individual and personal budgels reducing the likelihood and impact of reductions in funding for individu818. 2. Rlsk.. Focus holds inadequate reserves to support service delivery when contracts are reduced or withdrawn. Mitlgatlon.. Reserves policy is activety reviewed against the risk profile of the organisation's business. 3. Risk.. Changes to national or local procurement policies relating to health and social care services may cause either reduced income or mandatory increased costs of delivery. Mltlgatlon.. The Trustees and Senior Management Team {SMT} continue to monitor existing and proposed arrangements for commissioning and funding health. care and support services and have built good working relationships with commissioners. Focus continues to deliver a respected and valued service to Local Authority and NHS commissioners. 4. Risk.. The charity fails to meet its regulatory or contractual obligations (as set out by the Care Quality Commission, the NHS, the General Optical Council and other regulatory bodies) resulting in loss of income andlor reputation damage. Mltigatlon.. The Senior Management Team are suitably qualified and experienced to ensure that services are delivered effectively and fulfil all such obligations. Compliance and performance are monitored monthly by the Senior Leadership Team and on a quarterly basis by Trustees through the Contracts and Performance Committee (now the Contracting, Performance and Workforce Committee). Page 10
Focus Birn]ingham TRUSTEES, REPORT AND REVJEW OF THE YEAR for the year ended 31 March 2024 EXTERNALITIES During the financial year 2023-2024, Focus like all charrties in England has operated within various externalities that influenced their functioning and decision-making proSSes. Key external factors included.. Economic Uncertainty.. The shifting economic landscape necessitated budget revisions, with projected losses impactin9 financial planning and necessitating strale9ic adjustments to achieve a surplus or neutral financial position. 2. Inflation and Wage Increases.. With rising living costs, there was a signtficant emphasis on wage uplifts. Focus implemented a pay increase for all staff to align with the National Living Wage, ensuring financial stability and maintaining differentials across the charity costing the organisalion an annual increase of £283k. 3. Grant Awards and Funding.. Focus received continuation offunding via various grants and awards, such as the BCC prevention and IAG grants, which supported their operations and enabled the launch of new initiatives. However, we have also faced challenges like Ihe BCC'S announcement of a section 114 notice. impacting financial stability which we predicted will impact on the charity more significantly during the next financial year 4. Staffing and Retention.. The sector faced challenges with staff turnover and sickness rates, prompting Focus to develop and implement new HR policies and initiatives to improve retention and engagemenl. These included introducing awards for staff recognition and reviewing reward offers to enhance job satisfaction. 5. Health and Safety Regulations.. There was a strong focus on health and safety, with excellent reports from partners and the implementation of robust procedLFres. This was crucial for maintaining safe and compliant operations amid evolving regulatory requirements. 6. Technology and Infrastructur6,' During the financial year 2023-2024, the Care Qualty Commission (CQC) in England introduced changes to its requirements for digital care planning. As a result, we have introduced a digital care planning software and the hardware required to move from paper-based care planning to digital. 7. Servlce Demand and Expansion.. As the cost of living crisis continues and Services continue to be cut we have seen an increased demand for services across all three of our service areas. As a result, we have reviewed our delivery mechanisms and expanded our reach, supporting more people monthly and increasing the number of support interactions and counselling sessions we offer. PRINCIPAL FUNDING SOURCES The principal funding sources during the year have been as follows.. Specific funding contracts with Birmingham Cty Council Adu$ and Communities Department (including 'spot purchases, for placements in Day Servi$ and grant aid for the Sight Loss Support Senlices )', Specific contracts with NHS bodies {e.g. Integrated Care Board and Public Health England),. • Grants from Charitable Trusts., Donations, bequests and money raised through fundraising activities., Grants from the Birmingham Royal Institution for the Blind (BRIB)., Income from Partnerships such as 'TLC Lottery.; Income from seNice users with Individual Budgets for social care (awarded by their local authority). Page 11
Focus Birniingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 FINANCIAL REVIEW OF CONSOLIDATED ACCOUNTS Income for the year increased by £822,164 to £4,058,694 while expenditure increased by £238,589 to £3,806,930. As a result, a surplus on activities of £314,085 has been made compared to a deficit last year of £250.092. More detail regarding these headline areas is noted below.. Income Income from charitable activities rose from £2,909,871 to £3,445,836. an increase of £535,965. This growth is primarily due to an increase in new attendees for Complex Needs Services and an adjustment in transportation rates for Day seiCe to align with current market costs. Total income from donations and legacies rose by 470/0. Unrestricted donalions and legacies increased by £10,901 during the year resulting in an amount of £264,801, whilst restricted donations increased by £277,363 totalling £298,156. Included within restricted donations is £282,000 awarded by BRI8 for the advancement of the Complex Needs motor fleet. Bank interest income rose to £9,854 from £2,753, a benefit of the 324ay notice account opened in 2022. Our lottery joint venture with The Hospice Charity Partnership and Acorns Children's Hospice, provided distributions of profits to the charity amounting to £62,321, a decrease of £19,397 compared to last year. Expondlture Overall expenditure increased by £238,589 to £3,806,930 This increase reflects the inflation on spend for Complex Needs Service and support costs. Premises costs remain a significant Overhead for the charity and the Trustees continue to acknowledge the continuing generous support from Birmingham Royal Institution for the Blind in providing a grant of £196,474 to offset the rental of the charily's main premises. ReseThe8 Total Charity Funds at the year*nd amounted lo £2,299,647 (2023.. £1,985,563). This was made up of £609.452 of restricted funds, £317,175 of which, is represented by the net book value of fixed assets specially funded through grants and donations, whilst the remaining £292,277 has been received for use in specified projects, such as use by community groups. Total Charity Funds also includes £679,009 of designated funds which represents the net book value of the tangible fixed assets (other than those represented by Ihe restricled funds). An additional designated Repairs & Renewals Fund of £250,000 was established during this period to provide ring-fenced monie5 to fund the costs of repairs and renewals to the fabric of Focus's site and building over the next 3-year period. Expenditure against this Fund will be made in accordance with the Board approved capital expenditure programme. The remaining £761.186 are general funds which can be used for the benefrt of the charity- Page 12
Focus Birnlingham TRUSTEES, .REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 Reserves Policy The Trustees have considered the risks faced by each of the charity's core services that could potentially result in Focus not being able to continue lo offer those services either partially or wholly in the future. In particular, the Trustees have considered, for each of its core services, the likelihood of funding contracts, grants or funding from service users being withdrawn or reduced. Based on this review, the Trustees are of the view that the greatest risk faced by the organisation is that the continualty increasing costs of providing its services fails to be matched by increases in the level of care packages provided by external funders and that any resulting shortfall cannot be made up by cost savings or alternative funding streams. As a result, the level free of reserves should be sufficient lo ensure that: .Services users are supported to move on to other services in an orderly and carefully managed manner. .That any restructuring costs, including potential redundancy costs. as may be required could be met. Based on the above, the Board have concluded that a target level of free res8rves equal to an amount of £400.000 should be maintained and it is the Trustees, opinion that free cash reserves equivalent to 500/0 of this level of reseNes should be available at all times and the remaining 50Q/o may be held on short tenn deposit not exceeding 35 days. At 31 March 2024 general reserves of £761,186 and cash balances of £882,061 exceed these minimum requirements. As the organisation seeks to expand the scale and reach of the seryices it provides, the free reserve8 held by the organisation over and above the target level and which are not otherwise designated will be utilised to further its strategic objectives. The Trustees will regularly review the risks faced by the charity and, as such, the level of reser¥es held by the charity will be subjeci to regular scrutiny. Investment Pollcy The Trustees continue to consKler the relurn on 811 cash deposits, and led by the Treasurer. look to continue to effectively manage the charity's investments during this period of low interest rates for deposits. Consequently, deposits reslricled to UK'high street. banks and short-term time deposits of less than 1 year in duration have been ulilised in order lo improve the charity's return on its cash surplus to short-term operational requirements. Events Slnce the Balance Sheet Date There have been no events since the balance sheet date which materially affect the position of the company. Page 13
Focus Birniingham TRUSTEES, REPORT AND REVIEW OF THE YEAR for the year ended 31 March 2024 ADMINISTRATIVE DETAILS OF THE CHARITY'S ADVISERS AUDITOR SOLICITORS Forvis Mazars LLP 2 Chamberlain Square Birmingham B3 3AX Flint Bishop LLP 2 Prospect Place Pride Park Derby DE24 8HG BANKERS Lloyds Bank PIC 114 Colmore Row Birmingham B3 3BD INSURANCE Hettle Andrews Eleven Brindley Place 2 Brunswick Square Birmingham 812LP Page 14
Focus Birniingham TRUSTEES, REPORT AND REVIEW OF THE YEA.R for the year ended 31 March 2024 STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITOR The Trustees who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the audrtor is unaware. Each of the Trustees have cor)firmed that they have taken all the steps that they ought to have taken a5 Trustees in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor. SMALL COMPANY PROVISIONS The Trustees, report and review of the year have been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemptions provided by Part 15 Sections 399(2A) and 414B(b) of the Companies Act 2006. On behalf of the Board R Hindl8- Treasurer 7 November 2024 Page 15
Focus Birn]ingham STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also Directors of Focus Birmingham for the purposes of company law) are responsible for preparing ihe Truslees. Report and the financial slatements 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 fair 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 those financial slatemenls, the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; 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 are sufficient to show and explain the company's charilable transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sleps for the pr8V8nlion and detection of fraud and other irregularities. In so far as the Truslees 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 financial information and to establish that the audrf(or is aware of that information. Page 16
Focus Birniingham tNDEPENDENT AUDITOR'S REPORT Opinion We have audited the financial statements of Focus Birmingham (the 'parent charity,) for the year ended 31 st March 2024 which comprise the Group Statement of Financial Activities, the Group and Company Balance Sheets, the Group Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. 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 group's and of the parent charity's affairs as at 31 st March 2024 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted AOUntIng Practice. and have been prepad 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 group and the parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the F.RC's Ethical Standard and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for OUT opinion. Conclusions relating to going concern T.n 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 group's and the parent charity'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 in the relevant sections of this report. Other information The other information comprises the infonnation included in the Annual Report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infom]ation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infomiation 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 Page J7
Focus Birniingham tNDEPENDENT AUDITOR'S REPORT inconsistencies or apparent material misstatements. we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other infonrjation. If, based on the work we have perfornied, 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. 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 Trustees, Report which includes the Directors, R.eport prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which Trve are required to report by exception In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate and proper 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. the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Report and from the requirement to prepare a Strategic Report, Responsibilities of Trustees As explained more fully in the Trustees, responsibilities statement set out on page 16, 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 misstatemen( whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Page 18
Focus Birnlingham tNDEPENDENT AUDITOR'S REPORT Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable 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 exTSts. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the group and parent charity and its activities, we identified that the principal risks of non- compliance with laws and regulations related to employment regulation and fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the CompAnies Act 2006. We evaluated the Trustees, and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, inappropriately shifting the timing and basis of revenue recognition, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to fund accounting, and significant one-off or unusual transactions. Our audit procedures were d¢si8ned to respond to those identified risks, including non- compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to: Discussing with the Trustees and management their policies and procedures regarding compliance with laws and regulations. Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and Considering the risk of acts by the charity which were contrary to applicable laws and regulations, including fraud. Our audit procedures in relation to fraud included but were not limited to: Making enquiries of the Trustees and management on whether they had knowledge of any actual, suspected or alleged fraud. Gaining an understanding of the internal controls established to mitigate risks related to fraud. Discussing amongst the engagement team the risks of fraud. and Addressing the risks of fraud through management override of controls by performing journal entry testing. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery. intentional omissions, misrepresentations or the override of internal controls. Page 19
Focus Birniingham INDEPENDENT AUDITOR'S REPORT A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website at www.frc.org.uldauditorsresponsibilities. This description fom]s part of our auditor's report. Use of the audit report This report is made solely to the charity's members as a body 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 charity'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 charity and the charity's members as a body for our audit work, for this report, or for the opinions we have fornjed. Oavid Hoose INOV 28, 2024 12..36 GMTI David Hoose (Senior Statutory Auditor) for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor First Floor Two Chamberlain Square Birmingham B3 3AX 28-Nov-2024 Page 20
Focus Birniingham CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Note INCOME FROM: Donations and legacies Other trading activities: fundraising Investments Share of JV Turnover Charitable activities: multiple disability low vision - community Other Income: profi't on sale ol lixed assets 264.801 298,156 562,957 296,494 18.310 9,854 179,081 18,310 9,854 179,081 7,503 2,753 181,740 2,962,938 219,079 263,820 2,962,938 219,079 263,820 2,466,647 207,308 235,916 2,564 2,564 5,326 support senrfices Lease premium TOTAL INCOME Less Share of JV Turnover NET INCOME EXPENDITURE ON.. Raising funds.. fundraising Charltable activities: multiple disability low vision community infomiation and advocacy 4,590 4,590 3,939,619 (179,081) 3,760,538 298,156 4,237,775 (179,081) 4,058,694 3,418,270 (181,740) 3 236 530 298,156 137427 137427 3,166,877 186.489 238,336 11,409 3603 111 3,740,538 48,791 14,994 2,607 3,215,669 201,483 240,943 2,942,174 282,533 238,879 66 392 3,669,503 3,806,930 3,473,253 3 568 341 TOTAL EXPENDITURE NET INCOME I {EXPENDITURE) BEFORE SHARE OF JOINT VENTURE PROFITS 231764 251765 331810 Share of JV profrts 62.321 62,321 81,718 NET INCOME I (EXPENDITUREI AFTER SHARE OF JOINT VENTURE PROFITS 82.321 231,764 314,085 250,092 RECONCILIATION OF FUNDS: FUND BALANCES AT 1 APRIL 2023 1.607 874 12113 1.690 195 377 688 1985 562 2 235 654 FUND BALANCES AT 31 MARCH 2024 609.452 2 299 647 1,985,562 The Statement of Financial Activities includes all gains and losses in the year. All income and exPendUre is derived from continuing activities. A breakdown of prior year comparatives is provided in note 22. Page 21
Focus Birniingham CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 March 2024 Com any Registration No. 3353444 Group 2024 Group 2023 Company 2024 Company 2023 Note FIXED ASSETS Intangible assets Tangible assets Investments Investments in joint ventures 22.491 973,694 37,485 905,979 22,491 973,694 5,100 37.485 905,979 5,100 1067.099 1004 370 1001285 948 564 CURRENT ASSETS Debtors Cash and cash equivalenls 656,832 882 061 406,245 989.514 736,260 686,498 444,935 827 736 15 1,538,893 1,395.759 1,422,757 1,272,671 CREDITORS Amounts falling due wlthin one year 262 591 356,230 151.202 299,545 NET CURRENT ASSETS 1276 302 1039 528 1271 555 973 127 TOTAL ASSETS LESS CURRENT LIABILITIES 2,343,400 2,043,898 2,272,840 1,921,691 CREDITORS Amounts falling due after more than one year 11 NET ASSETS 14 2 299,647 1985 562 2 229 087 1863 355 RESERVES AND FUNDS Restricted funds Unrestrlcted funds:. Designated funds: Fixed Asset Repairs and Renewals 12 609,452 377,688 609.452 377,688 679,009 250,000 704,057 679,009 250,000 704,057 13 General fund 13 761186 903,816 690,625 781610 1 690 195 1607 873 1619634 1485 667 TOTAL CHARITY FUNDS 14 2,299.647 1,985,562 2,229,087 1,863,355 The gain for the financial year dealt within the financial statements of the parent Charity was £365,732 (2023.. -£326,562). The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company's regime. The financial stalements on pages 17 10 36 were approved by the board on 7 November 2024 and authorised for issue on its behalf by.. R Hindle- Treasurer Page 22
Focus Birmingham CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 March 2024 Note 2024 2023 CASHFLOWS FROM OPERATING ACTIVITIES Net (expenditure) l income for the year Adjustments for: Depreciation and amortisation Share of JV profits Investment income 314,085 (250,092) 144,490 (62,321) (9,854) (250,587) (108,223) (2,564) 139,064 (81,718) (2,753) 54,232 {68,447) (5,326) Decrease l (increase) in debtors (Decrease) l increase in creditors {Profit>lloss on disposal of fixed assets NET CASH INFLOWI(OUTFLOW). FROM OPERATING ACTIVITIES (215,040) 25,027 CASHFLOWS FROM INVESTING ACTIVITIES.. Interest received Income received from JV 9,854 52,313 (197.211) 2,564 2,753 71,550 (110,676) 5,326 Purchase of property, plant & equip Proceeds on sale of tangible assets NET CASH (SPENT) I RECEIVED ON INVESTING ACTIVITIES (132,480) (31,047) CHANGE IN CASH,CASH EQUIVALENTS AND CURRENT ASSET INVESThIENTS (246,088) (107,453) CASH, CASH EQUIVALENTS AND CURRENT ASSET INVESTMENTS AT THE BEGINNING OF THE YEAR 1,235,602 989,514 CASH, CASH EQUIVALENTS AND CURRENT ASSET INVESTMENTS AT THE END OF THE YEAR 989,514 882,061 15 Page 23
Focus Bimiingham ACCOLTNTING POLICIES for the year ended 31 March 2024 BASIS OF ACCOUNTING The financial statements have been prep8red in accordance with the Statement of Recommended Practice, "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Focus Bimiingham meets the definrtion of a public benefrt enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaclion value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling which is the functional currency of the charity. CONSOLIDATION The financial statements consolidate the results of the charity and its wholly owned subsidiary Focus Care and Support Limited. The results of the subsidiary are consolidated within these Group accounts. Investment in the joint venture TLC Lotteries Limited. where the group holds a significant interest, jointly controlled with Bimiingham Hospice and Acorn Children's Hospice Trust has been included In the group financial statements using the last audited accounts as at 31 #1 December 2023. Where the financial period end of the joint venture is not consistent with that of the group, the results of the joint venture are included in the consolidated financial statements using statements prepared no more than three months prior. GOING CONCERN The charity has prepared detailed budget which indicate the charity has sufficient resources in order to meet its liabilities as they fall due and on that basis. the Trustees are satisfied that it MaInS appropri8te to prepare the financial statements on the going concern basis. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT In applying the accounting policies, the Trustees have made critical accounting judgements, estimates and assumptions about the carrying amount of Ihe assets and liabilities. These estimates and assumptions are based on historical experience and are reviewed on a continual basis. The crttical accounting judgements, estimates and assumptions that have a material effect on the arrK)unts Tecognised in the financial statements for both the current and next financial years are discussed below. Judgements.. The Trustees annually review legacies received and potentially receivable and are firmly of the view that legacies should not be recognised until a clear indication of the amounts lo be received is known. Estimates.. Depreciation is estimated to write off the cost of all tangible fixed assets over their estimated useful lives, as set out in the accounting policy on the following page. Page 24
Focus Birniingham ACCOUNTJNG POLICIES for the year ended 31 March 2024 INCOME All income is accounted for when the charily has entitlement to the funds. the probabilty of receipt and the amount is measurable. Income from collection boxes is recognised when it is received from the collection agents. Income from legacies is recognised on an accruals basis to the extent that the charity has been notified that it is a beneficiary and that there is a clear indication of the amounts involved. Investment income is accounted for on a receivable basis. Other income is included in the financial statements on an accruals basis. EXPENDITURE Expenditure is accounted for on the accruals basis when a legal or constructive obligation is incurred. The cost of irrecoverable value added tax is included with the item of expense to which it relates Costs of raising funds are those costs incurred in attracting voluntary income and those incurred in trading activities that raise funds. Charitabl8 activities include expenditure associaled with the charity's objects including both the direct costs and support costs relating to these activities. Support costs which include central functions have been allocated to cost categories on a basis consislenl with resources employed e.g. staff hours. INTANGIBLE FIXED ASSETS Intangible fixed assets are recorded at cost and amortised over the estimated useful lrfe of the asset. Profits and losses on the sale of intangible assets are included in the Statement of Financial Activities in the year of realisalion. AMORTISATION Amortisation is estimated to write off the cost of all tangible fixed assets over their estimated useful lives on the following basis.. Software 250/0 Straight line , TANGIBLE FIXED ASSETS Tangible fixed assets are recorded at cost. Minor expenditure on plant, furniture, fixtures and fittings and computer and technical equipment is charged to revenue in the year of acquisition. Profits and losses on sales of tangible assets are included in the Statement of Financial Activities in the year of realisation. Page 25
Focus Birn]ingham ACCOUNTING POLICIES for the y¢ar ended 31 March 2024 DEPRECIATION Depreciation is estimated to write off the cost of all tangible fixed assets over their estimated useful lives on the following basis.. Leasehold building improvements Plant. furniture, fixtures & fittings Motor vehicles Computer and technical equipment Over 25 y8ars 100/0 - 200/0 Straight line 20°/o Straight line 250/0 Straight line OPERATING LEASES Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the temi of the lease. DEBTORS Trade and other debtors are recognised al the settlement amount due after any trade dIOUnt8 offered. Prepayments are valued at the amount prepaid net of any trade discounts due. CASH AND CASH EQUIVALENTS & CURRENT ASSET INVESTMENTS Cash and cash equivalents includes cash and monies on short term deposit. Current asset investments represent deposits with original maturities of les5 than one year. CREDITORS AND PROVISIONS Credrtors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount allowing for any trade discounts due. FINANCIAL INSTRUMENTS The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments and are not considered to be of a complex nalure. Such financial instruments are initially recognised at transaction value and subsequently measured at their settlemenl value. PENSION SCHEMES Focus Birmingham contributes to l)NO defined contribution group personal pension schemes. Contributions are charged to the Statement of Financial Activities as they become payable. Differences between contributions payable in the year and contributions actually paid ale shown in either accruals or prepayments in the Balance Sheet. FUNDS Unrestrlcted funds.. General fund This fund represents accumulated surpluses arising from the charity's activities and is available for use at the discretion of the Trustees in furtherance of the general objectives of the charty. Designated fund- Fixed asset fund This fund, which equates to the net book value of unrestricted tangible fixed assets, has been set aside from the remaining general funds. Page 26
Focus Birn]ingham ACCOUNTtNG POLICIES for the year ended 31 March 2024 Restricted funds.. These are funds to be used in accordance with specific restrictions imposed by donors or which have been raised for particular purposes. The costs of raising and administering such funds are charged againsl the specific fund. VOLUNTARY HELP AND GIFTS IN KIND No monetary value has been put on the voluntary help received during the year- various services benefit from the help given by the 51 volunteers who were registered with the organisation at 31 March 2024. Individual gifts in kind of significant value would be valued at estimated cost to the donor and included in the financial statements,. however, the value of small gifts is not quantifiable. INVESTMENTS Investments in the subsidiary and the joint venture TLC Lotteries are recorded at cost in the charity. For the group the joint venture is reported using the 'equity' method. This method reflects our proportionate share of the joint venture's assets, liabilities, revenues, and expenses in the consolidated financial statements. Page 27
Focus Birniingham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donations and grants Legacies 531.796 31,161 226,529 69.965 562,957 296,494 INVESTMENT INCOME 2024 2023 Short temi deposits- interest receivable 9,854 2,753 9,854 2,753 TOTAL EXPENDITURE Other Direct Costs Group Total 2024 Group Total 2023 Staff Costs Allocated Costs Generating voluntary income Multiple disability Low vision Community Information and advocacy 115,366 2,486,163 97,978 209.991 18,870 544,814 78,077 30,324 9.186 3,190 184,692 25,428 627 2,223 137.427 3,215,669 201,483 240.943 11,409 95,087 2,942.174 282,533 238,879 9,667 2,909,499 681.271 216.161 3,806,930 3,568.341 Page 28
Focus Birniingham NOTES TO THE FtNANCIAL STATEMENTS for the year ended 31 March 2024 TOTAL EXPENDITURE (contlnued) Charitable activities Raising Funds Group Total 2024 Group Total 2023 SUPPORT COSTS General office Finance office Human Resources Information Technology Central Resources 198.122 113,227 158,709 68,673 400,818 8,180 4,675 6,553 2,835 16,549 206,303 117,902 165,262 71,508 417,368 325,019 115,238 202,703 63,767 270,810 Total 939 549 978 342 977 537 2024 2023 Other direct costs include.. Depreciation and amortisation Owned assets Auditor's remuneration For audrt services For other services- Tax Operating leases Hire of plant and machinery Rental of premises Motor Vehicles 140,933 139,064 16,385 4,500 16,000 2,500 8,160 196,474 56,160 6,825 164,690 43,215 Information and advocacy expenditure represents the costs incurred in making the public aware of the needs of blind or partially sighted people and the range of activities and services provided by the charity. Support costs and administration expenses have been apportioned to services on the basis of staff costs incurred by.those services. Support costs include the human resource, finance and infomiation technology departments and general office expenses represent the cost of managing the charily and include the costs of the Chief Executive. During the year 2023124 the annual rent for 48-62 Woodville road was reviewed in accordance with the provisions of the lease and increased by £31,784 to £196,474 per annum. exclusive of Value Added tax., This year we also see the continuation of motor fleet leases agreed in 2021-2022 and the hire of office stationary equipment. Page 29
Focus Birniingham NOTES TO THE FfNANCIAL STATEMENTS for the year ended 31 March 2024 EMPLOYEES 2024 No. 2023 No. Fundraising Multiple Disability Low Vision Community Departmental Support 103 95 23 24 Average during year 137 129 Average number of employees includes casual workers whose salary costs are included below. Staff costs 2024 2023 Wages and salaries Social security costs Other pension costs 2,406,477 174,765 99 390 2,161,712 151,711 2,680,631 2,399,151 There was 1 employee whose annual earnings (including taxable benefits in kind) exceeded £60.000 (2022.'1 employee)-, there were pension contributions of £3,240 for that employee (2023.. £1.340). The table below shows the annual earnings of higher paid employees.. Annual Earnings 2024 2023 No. £60,000- £60,999 The Key Management Personnel of the charity are those having authority and responsibility delegated to them by the Trustees, for planning. directing and controlling the activities of the charty. The total employee benefits of key management personnel, including employer's national insurance contributions and contributions to the pension scheme, were £234,522 (2023.. £173.665). During the year to 31 March 2024 there was 1 non-contractual payment in respect of a redundancy of £1,425.12023- There were no redundancy payments but 1 non-contractual payment of £31,587 in respect of a resnatIon). TRUSTEES, EXPENSES In accordance with the Articles of Association, the members of the 8oard of Trustees do not receive any remuneration from the charty. No travel expenses were reimbursed during the period. Indemnity insurance for Trustees and Officers, providing £1 m {2022.. £1m) of cover has been purchased at a cost of £3,234 including IPT (2022.. £3,080). Page 30
Focus Birn]ingham NOTES TO THE FtNANCIAL STATEMENTS for the year ended 31 March 2024 TRUSTEES, EXPENSES (CONTINUED) An amount of £1,728 including VAT was paid in recruitment fees for two new Trustees, of which both vacancies remain open. INTANGIBLE FIXED ASSETS Intangible Fixed Assets comprises sofiware developed to deliver the befriending proposition. 33 1 April 2023 Additions 37,485 Amortisation 31 March 2024 (14,994) 22,491 TANGIBLE FIXED ASSETS Group and Charity Short leasehold building improvement Plant, furniture, fixtures and fittings Computer and technical equipment Motor vehicles Total Cost.. 1 April 2023 Additions 1,546,391 28,923 554,704 42,875 210,225 121,500 (40,244) 145,425 3,913 2,456,745 197,211 (40,244) Disposals 31 March 2024 1575 314 597 579 291481 149 338 2,613 712 Depreciation.. 1 April 2023 Charge for the year Disposals 819,800 425,473 197,838 107,656 1,550,766 58,016 31,588 17,296 (40,244) 22,597 129,496 (40,244) 31 March 2024 Net book value.. 31 March 2024 877815 457 061 174 889 130 253 1640 018 726,592 129,231 37,769 905,979 31 March 2023 726,592 129,231 12,388 37,769 905,979 Leasehold Building Improvements consists of refurbishment and expansion of the Resource Centre Building and the Elizabeth Gunn Centre. Page 31
Focus Birn]ingham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 INVESTMENTS Investment in Joint venture Investment in subsidiary Total investment At 1 April 2023 Additions 5,000 100 5,100 At 31 March 2024 5,000 100 5,100 Investment In subsldlary The group owns the entire share capital (comprising ordinary shares of £1 each) in the following.. Subsldlary und•rtakings Aggregate Capltal and Reserves Focus Care and Support Ltd (13548211) 100 The principle activity is the provision of innovative services to blind, visually impaired and those with profound disabilities across the West Midlands. The profits of the subsidiary are gift aided to the charity. Investment in joint venture Proportion of Issued ordinary shares held TLC Lotteries Limited 33.3 TLC Lotteries Limited is a trading company incorporated in England and Wales and promotes a commercial lottery game, which aims to generate profits for the benefit of its affiliated charities. As at 31 March 2024 the charity's share of the Company's profit was £62,321 (2023: £81,718) and net assets as at the date of the company's last audited accounts (31 December 2023) were: Represented by.. Share of gross assets Share of gross liabilities 92.401 <21,487) 70,914 Page 32
Focus Birn]ingham NOTES TO THE FtNANCIAL STATEMENTS for the year ended 31 March 2024 DEBTORS: Amounts falllng due wlthln one year Group 2024 Group 2023 Company 2024 Company 2023 Fees and grants receivable Amounts due from subsidiary undertaking Other debtors Prepayments and accrued income 379,765 295,525 215,349 243,844 4,999 272,068 736,260 216.264 117.952 9,119 101,600 4,999 272,068 9,119 101,600 406,245 656,832 444.935 10 CREDITORS: Amounts falllng due wlthln one year Group 2024 Group 2023 Company 2024 Company 2023 Taxation and social security Amounts owed to subsidiary undertaking Olher creditors Accruals Deferred income 157,112 22,086 48,508 19,093 70,330 16,056 104,050 139,260 90,835 19,093 67,545 16,056 104,050 104,660 90,835 262,591 356 230 151,202 299.545 CREDITORS: Amounts falllng due after more than ono year Group 2024 Group 2023 Company 2024 Company 2023 Deferred income 43,753 58,336 43,753 58,336 Group 2024 Group 2023 Company 2024 Company 2023 Balance at 1 April 2023 Income deferred in the year Deferred income released to SOFA 149,171 1,473 (90,834) 151,662 26,779 (29,271) 149,171 1,473 (90,834) 151,662 26,779 {29,271) Balance at 31 March 2024 59,809 149.171 59,809 149,171 Deferred income includes lease income paid in advance amounting to £58,336 (2023.'£72,919) which will be recognised as income in the SOFA over the life of the lease (4 years remaining) of which £14,583 will be recognised in 2024125. Page 33
Focus Birn]ingham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 12 RESTRICTED FUNDS Fixed Assets Total 2024 Other 1 April 2023 Grants & Donations received Expenditure before transfers Transfer 239,406 138,282 139,656 (61,884) (4,508) 139,653 (139,653) 377,688 139,656 (66,392) 31 March 2024 317,175 133,777 450.952 Fixed Assets Total 2023 Other 1 April 2022 Grants & Donations received Expenditure before transfers Transfer 294.473 137,816 432,289 20,793 20,793 (55,067) (20,327) 175,394) 239,406 138,282 377,688 31 March 2023 The restricted fixed assets fund comprises grants and donations received specifically to fund the purchase of fixed assets. This fund will be amortised in line with the depreciation of the relevant fixed assets. Page 34
Focus Binningham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 12 RESTRICTED FUNDS Other restricted funds comprise sundry grants, legacies and donations for specific purposes. As at 31 March 2024 the following amounts were held.. Low Vision Funds 37,314 Sutton Site Project Low Vision Equipment Flooring Other 13,930 14,401 8750 233 Communlty Servlc•$ 51,002 Sports and Social Club Development Other Befriending Projects 36,495 14,508 Day Care Services 203,961 Building Enhancement Grounds Enhancement Hub Connectivity Group Activity Funds Motability 3,104 8,898 6,087 27,373 158,500 13 UNRESTRICTED FUNDS 2024 2023 Géneral fund: Balance blf Net (expenditure) l income for the year before transfers 903,816 1,125,987 82,321 (195,491) Net Transfers: Designated - fixed asset fund Designated - repairs and renewals 25,048 (250,000) (26,679) 761,186 903,816 2024 2023 Designated fund- Fixed Asset Fund: Balance bm Transfer to General fund 704.057 677,378 (25,048) 26,679 679,009 704,057 Page 35
Focus Bimiingham NOTES TO THE FANCIAL STATEMENTS for the year ended 31 March 2024 13 UNRESTRICTED FUNDS (CONTINUED) Transfers to and from the designated fixed asset fund in the charity are made so that the fixed asset fund equals the net book value of its own tangible fixed assets excluding fixed assets represented by the restricted fund. 2024 2023 Oeslgnated fund - Repalrs and Renewals Fund Balance blf Transfer from General fund 250.000 250,000 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Current assets Total Net Assets Fixed assets Total liabilities March 2024 Restricted funds Unrestricted funds General fund Oesignated funds 317,176 292,277 609,452 70,914 679,009 996,616 250,000 (306,344) 761,186 929,009 1,067,099 1,538,893 306 344 2,299 647 March 2023 Reslricted funds Unrestricted funds General fund Designated funds 239,407 138,281 377,688 60,906 704,057 1,257,477 (414,567) 903,816 677,378 1,004,370 1,395,759 414,567 1,985,562 15 ANALYSIS OF CASH AND CASH EQUIVALENTS & CURRENT INVESTMENTS 2024 2023 Company . Cash at bank and in hand 32 day notice account 682,061 200,000 789,514 200,000 Total cash and cash equivalents 882,061 989,514 Page 36
Focus Birniingham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 16 LEASING OBLIGATIONS The total future minimum lease payments under non-cancellable operating leases for plant and machinery are as follows,. 2024 2023 Amounts due.. Within one year BebNeen one and five years 58,200 207,960 77,070 207,960 266,160 285,030 The charity operates from premises in Woodville Road. Harborne, Birmingham. Such premises are rented from BRIB (note 181 under a 75-year lease commencing in 1996. An annual rentsl of £196,474 is payable, but under the terms of the 1996 transfer agreement BRIB provides grants to the charity to offset this expenditure so the net cost to Focus Birmingham is £nil, 17 CAPITAL COMMITMENTS At 31 March 2024 the charity had exisling capital commitments of £21.151 (including irrecoverable VATI to refurbish Sight Loss Support SeNices (2023: £21,151 to refurbish Sight Loss Support Services}. 18 CONNECTED ORGANISATIONS The principal connected organisation is as follows: Th• 8lrmlngham Royal Instltutlon for the Bllnd ("8RI8") Three members of the Focus Board are also members of the BRIB Board. BRIB is Focus Birmingham's landlord and provides regular grants at least equal to the annual rent paid for the buildings used at the Harborne site. Grants received for rent during the year equalled £164,690 (2023: £164.690) and rent paid was £164,690 (2023.. £164,690). Page 37
Focus Birniingham NOTES TO THE FINANCIAL STATEMENTS for the year cnded 31 March 2024 19 RELATED PARTY TRANSACTIONS The charity owns a third share of TLC Lotteries Limited, a trading company which is jointly controlled by Focus Birmingham, Acorns Children's Hospice Trading Limited and The Hospice Charity Partnership (formerly St Mary's Hospice), under the terms of a Joint venture agreement. Transactions for the year comprised.. 2024 2023 Balance blf Share of Profits Profits Received 55,906 62,321 52,313 45,738 81,718 20 LEGAL STATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The address of the charity's registered office and principal place of business is 48-62 Woodville Road, Harborne, Birmingham, B17 9AT. 21 FINANCIAL INSTRUMENTS The carrying amount of the group and company's financial instruments at 31 March were- 2024 2023 Flnanclal assots Debt instruments measured at amortised cost 588,094 208,573 Financial liabilitles Debt instruments measured at amortised cost 262,591 208,710 Page 38
Focus Binningham NOTES TO THE FD4IANCIAL STATEMENTS for the year ended 31 March 2024 22 INCOME AND COSTS FROM TRADING ACTIVITIES OF THE SUBSIDARY Focus Care and Support Limited (13548211) The Charity has a wholly owned subsidiary of Focus Birmingham, incorporated in England and Wales. The purpose of the company is to operate as the contracting party for local authority and healthcare body funded individuals using the Group's services. This company has committed to pay its distributable profits to the Charity by Gift Aid. A summary of results is shown below.. 2024 2023 TURNOVER Trading activities 1,428,157 376,872 EXPENDITURE Administrative expenses (960,010) (310,571) OPERATING PROFIT 468,146 66,301 Distribution of dividends owed to parent {463,500) PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 4,646 66,301 Taxation TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD The aggregate of subsidiary's assets, liabilities and funds Is as follows: 2024 2023 Total Assets 359,979 241,040 Total Liabilities (355,232) (174,638} Net Funds 4,746 66,401 Page 39
Focus Birn]ingham NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 23 PRIOR YEAR FUND ANALYSIS Unrestricted Funds Restricted Funds Total Funds 2023 INCOME FROM: Donations and legacies Other trading activities: fundraising Investments Share of JV Turnover Charltablo actlvltles: multiple disability low vision - community Other income: Profit on sale of fixed assets Coronavirus Job Retention Scheme and Other Grants Lease premium TOTAL INCOME Less Share of JV Turnover NET INCOME EXPENDITURE ON: Raising funds.. fundraising Charitablo actlvltles: multiple disabilily low vision - community information and advocacy 275,701 20,793 296,494 7,503 2,753 181,740 7,503 2,753 181,740 2,466,647 207,308 235,916 2,466.647 207,308 235,916 5,326 5,326 14,583 3 397 478 (181.7401 3215738 14,583 3418270 (181,740) 3 215 738 20 793 95,087 95,087 2,892,438 267,539 228,216 9,667 3.397,860 3.492 947 49,736 14,994 10,663 2,942,174. 282,533 238,879 3 473,253 3,568,341 TOTAL EXPENDITURE NET INCOME I (EXPENDITURE) BEFORE SHARE OF JOINT VENTURE PROFITS (277,209) (54,601) (331,810) Share of JV profits 81.718 81.718 NET INCOME I (EXPENDITURE) AFTER SHARE OF JOINT VENTURE PROFITS { 195,491> (54.601) (250,092) RECONCILIATION OF FUNDS: FUND BALANCES AT 1 APRIL 2022 FUND BALANCES AT 31 MARCH 2023 1803 365 1,607,874 432,289 377,688 2 235 654 1,985,562 24 EVENTS SINCE THE BALANCE SHEET DATE There have been no events since the balance sheet date that materially affect the position of the company. Page 40