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 #245 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 benef￿la[ 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 be￿een 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 personlloss 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 dI￿OUnt8 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 res￿natIon). 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 F￿ANCIAL 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. 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