2021-03-31-accounts

						Page
Charity Reference and Administrative		Details
Trustees Annual Report						2to 5
Independent Examiner's Report	on	the unaudited		accounts
Statement of Financial Activities	(induding		Income	&Expenditure	Account)
Balance sheet
Notes tothe financial statements						9to 18

Charity Reference and	Charity Reference and	Charity Reference and	Administrative	Detags
for the year ended 31"March 2021
Charity registration		number			01075854
Company	registration		number		3674948
Trustees					I H Cooke		—Chairman
					D Smith		-Vice Chairman
					I Shore		-Treasurer
					R Meere
					I Harris
					ESmith
					K Merchant
Chief executive officer					A Reed
Registered	offfce				Hawley House
					11Hatherton		Road
					Walsall
					West Midlands
					WS1 1XS
Accountants					Bakers
					Chartered	Accountants
					Arbor House
					Broadway	North
					Walsall
					West Midlands
					WS1 2AN
Solidtors					Enoch Evans LLP
					St Paula Chambers
					6-9 Hatherton		Road
					Wa Isall
					West Midlands
					WS1 1XS
Bankers					HSBC
					The Bridge
					Walsall
					West Midlands
					WS1 1LN
Investment	Advisors				EFG Harris	Agday
					33Great Charles Street
					Birmingham
					West Midlands
					83 3JN

ACHIEVEMENTS AND PERFORMANCE	ACHIEVEMENTS AND PERFORMANCE
The statement offinancial activities for		the year isset out on page 7ofthe financial statements. A summary		ofthe
financial	results and the work ofthe Society is set out below:
			E
	Total income		378,582
	Total expenditure		270,209
	Net income		108,373
	Realised and unreallsed	gains on investments	411,442
	Net Increase In funds		519,815

			Restricted	Unrestricted	2021	2020
			Funds	Funds
		Notes	E	E
Income and endowments	from:
Donations and legacies			108,282	142,871	251,153	22,921
Charitable activities			42,632	20,421	63,053	40,815
Other trading activities				3,388	3,388	6,919
Investments				60,988	60,988	77,594
Total income and endowments			150,914	227,668	378,582	148,249
Expenditure on:
Raising funds				45,532	45,532	39,915
Charitable activities			116,808	107,869	224,677	213,590
Total expenditure			116,808	153,401	270,209	253,505
Net gains/(losses) on Investments		12		411,442	411,442	(256,966)
Net Income/(expenditure)			34,106	485,709	519,815	(362,222)
Transfers between funds			8,501	(8,501)
Net movement In funds			42,607	477,208	519,815	(362,222)
Reconcigatlon offunds:
Total funds brought forward			4,144	1,691,299	1,695,443	2,057,665
Total funds carried forward			46,751	2,168,507	2,215,258	1,695,443

		Restricted	Unrestricted	'2021	2020
		E	E	E	E
Midland	Societies for the Blind		4,496	4,496	4,519
Christmas	Appeal				25
Talking Newspaper			2,658	2,658	3,383
General			12,885	12,885	6,530
Boxcollections			275	275	220
Day Centre Metrobox collections			19	19	67
Legacies			87,401	87,401
Corporate	Trust Fundraising	7,975	7,854	15,829
Charitable	Trust Fundraising	100,307	25,800	126,107	6,527
Gift aid			1,483	1,483
Transcription income					150
Edgar E Lawley Foundation					1,500
		108,282	142,871	251,153	22,921

		Restricted	Unrestricted	2021	2020
		E	E	E	E
Walsall Metropolitan	Borough Council:
SLA RILS		18,623		18,623	16,453
Centre Management		24,009		24,009	24,009
IRSGrant			20,421	20,421
Other income					353
		42,632	20,421	63,053	40,815

4.	INCOME FROIVI OTHER TRADING ACTIVITIES
		Restricted	Unrestricted	2021		2020
		E	E	E		E
	Sales of WTN bricks		552		552	550
	Sales of'living aids and equipment		2,788	2,788		4,130
	Day centre income		48		48	2,239
			3,388	3,388		6,919

NCOME	FROM INVESTMENTS
					2021	2020
					E	6
Interest	on accounts with Investment		advisors	and bank	10	22
Interest	from fixed interest and	UK Government		securities	5,428	4,510
Income	from equities and unit	trusts			55,550	73,062
					60,988	77,594

GOVERNANCECOSTS
				2021	2020
				E	E
Accountancy/payroll	&Independent	examiner's	fees	6,474	5,742
Support costs				10,160	7,146
				16,634	12,888

STAFF COSTS AND EMPLOYEE BENEFITS
	2021	2020
	E	E
Wages and salaries	170,366	178,533
Social security costs	6,897	8,291
Pension costs	2,344	2,583
	179,607	189,407
Average number ofemployees	14	15
	10FTE	11FTE

TANGIBLE FIXEDASSETS
		Leasehold	Computer
		Building	Equipment	Tota I
		E	E	E
Cost
At 1"April 2020 &31"March 2021		121,636	11,245	132,881
Depreciation
At 1n April 2020 & 31n March 2021		121,635	11,244	132,879
Net BookValue
At31"March 2021
At 31"March 2020
FIXEDASSET INVESTMENTS
			2021	2020
UK Listed investments			E	E
Market value at31"March 2020			1,637,800	1,995,749
Additions at cost			15,823	51,809
Sale proceeds from dlsposals			(13,933)	(152,792)
Realised gains			6,799	69,860
Unreagsed gains/(losses)			404,643	(326,826)
Market value at31"March 2021			2,051,132	1,637,800
Investments at market value comprise:
UK Fixed Interest and Government	Securities		65,280	55,220
UK Equities			1,144,289	973,019
Investment & Unit Trusts			841,563	609,561
			2,051,132	1,637,800
Historical cost			1,225,263	1,214,777