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|---|---|---|---|---|---|---|
|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|||
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|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||
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||||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|
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|||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|
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|||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|
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|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|
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|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|
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|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|
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|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|