2022-03-31-accounts - Walsall Society For The Blind Limited

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		7	to	8
Notes to the Financial Statements		9	to	20
Detailed Statement ofFinancial Activities		21	to	22

	FOR THE	YEAR E	NDED 31STMA	RCH 2022
					31.3.22	31.3.21
			Um estricted	Restricttd	Total	Total
			fimd	fund	funds	funds
		Notes	f
INCOME AND ENDOWS	FROM
Donations and legacies			243,052	52,793	295,845	251,153
Charitable activities
Council funded and other charitable	activtnes			42,632	42,632	42,632
JRS Grant			1,586		1,586	20,421
Other trading activities			5,144		5,144	3,388
Investment income			76,549		76,549	60,988
Total			326,331	95,425	421,756	378,582
EXPENDITURE ON
Raising funds		6	33,861	272	34,133	45,532
Charitable activities
Council funded and other charitable	activities		126,316	116,426	242,742	224,677
Total			160,177	116,698	276,875	270,209
Net gmns on investments			122,931		122,931	411,442
NET INCOME/(EXPENDITURE)			289,085	(21,273)	267,812	519,815
Transfers between funds		17	(10,772)	10,772
Net movement in funds			278,313	(10,501)	267,812	519,815
RECONCILIATION OF FUNDS
Total funds brought forward			2,168,507	46,751	2,215,258	1,695,443
TOTAL FUNDS CARRIED FORWARD			2,446,820	36,250	2,483,070	22.15,258

	31ST	MARCH 202
				31.3.22	31.3.21
		Um'estricted	Restricted	Total	Total
		fund	fimd	funds	funds
	Notes	f		f	6
FIXEDASSETS
Tangible assets	12	2		2	2
Investments	13	2,145,131		2,145,131	2,051,132
		2,145,133		2,145,133	2,051,134
CURRENT ASSETS
Stocks	14	1,399		1,399	2,037
Debtors	15	3,647		3,647	8,015
Cash at bank		309,396	36,250	345,646	169,180
		314,442	36,250	350,692	179,232
CREDITORS
Amounts falling due within one year	16	(12,755)		(12,755)	(15,108)
NETC~ASSETS		301,687	36,250	337,937	164,124
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,446,820	36,250	2,483,070	2,215,258
NKT ASSETS		2,446,820	36,250	2,483,070	2,215,258
FUNDS	17
Unrestricted funds				2,446,820	2,168,507
Restricted funds				36350	46,751
TOTAL FUNDS				2,483,070	2,215,258

DONATI	ONS AND LEGACIES
		Restricted	Unrestricted	31.3.22I	31.3.21
Midland	Societies for the Blind		3,811	3,811	4,496
Talking Newspaper			1,980	1,980	2,658
General			14,241	14,241	12,885
Boxcollections			109	109	275
Day Centre Metrobox collecttons			19	19	19
Legacies			201,302	201,302	87,401
Corporate	Trust Fundraising	24,601	2,358	26,959	15,829
Charitable	Trust Fundraising	28,192	16,925	45,117	126,107
General and adminisnation			1,124	1,124
Gift aid			75	75	1,483
Transcription income			75	75
Charities	Trust and aid donations		1,033	1,033
		52,793	243,052	295,845	251,153

OTH	ER TRADING ACTIVITIES
		Restricted	Unrestricted	31.3.22	31.3.21
Sales	ofWTN bricks		569	569	552
Sales	ofliving aids and equipment		2,518	2,518	2,788
Social	activity centre		1,729	1,729	48
Other	income		328	328
			5,144	5,144	3,388

			31.3.22	31.3.21
				f
luterest	on investmeuts		14	10
Interest	on government	secmdties	4,864	5,428
Income	trom equities	and unit trusts	71,671	55,550
			76 549	60 988

INCOME F	ROM C	HA	RITABLE ACTIVITIES
				Restricted	Unrestricted	31.3.22	31.3.21
					f	f.	f.
Walsall Metropohtan		Borough Council:
Registration,	Information		and Liaison Service	18,623		18,623	18,623
Centre Management				24,009		24,009	24,009
JRS Grant					1,586	1,586	20,421
				42,632	1,586	44,218	63,053

		Voluntary
		Income	Fundraising	31.3.22	31.3.21
Cost ofgoods sold		5,350		5,350	1,988
Property costs		1,394		1,394	6,168
Fundraising	and publicity	177		177	1,036
Salanes and	staff expenses	6,217	20,045	26,262	26,794
Resolution					3,680
General and	oQice expenses	950		950	5,866
		14,088	20,045	34,133	45,532

						Comm
						unity
				Translad		work
				on and		&	Centre
			Registr	talking	Day	Tech	manage	Govern
			ation	news	activities	Offtcer	ment	ance	31.3.22	31.3.21
			f			f	f			f.
Talking
uewspaper	equip,
reps &maint				7,517					7,517	7,267
Sundry grants &
gifts						292			292	283
property	cosm		2,475	6,971	11,154	5,577	8,249	2,788	37,214	29,144
Salaries atut		staff
expenses			16,933	31,089	49,743	41,275	10,408	12,436	161,884	153,477
General &oflice
expenses			3,300	4,752	7,603	3,802	4,742	1,901	26,100	28,032
Accounts/	book
keeping							6,370		6,370	6,474
Fundraising		and				'
Publicity				886	1,417	708		354	3,365
			22,708	51,215	69,917	51,654	29,769	17,479	242,742	224,677

STAFF COSTS
			31.3.22	31.3.21
Wages and salaries			177,209	170,366
Social security costs			7,661	6,897
Other pension costs			2,339	2,344
			187,209	179,607
The average monthly	number ofemployees	during the year was as follows:
			31.3.22	31.3.21
Average number of	employees		12	14

		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies		142,871	108,282	251,153
Charitable activities
Council funded and other charitable	activities		42,632	42,632
JRS Grant		20,421		20,421
Other trading acnvities		3,388		3,388
Invesunent income		60,988		60,988
Total		227,668	150,914	378,582
EXPENDITURE ON
Raising funds		45,532		45,532
Charitable activities
Council funded and other charitable	activittes	107,869	116,808	224,677
Total		153,401	116,808	270,209
Net gains on investments		411,442		411,442
NET INCOME		485,709	34,106	519,815

	continued
					Unrestricted	Restricted	Total
					fundI	fund f	funds
	Transfers between fends				(8,501)	8,501
	Net movement ln funds				477,208	42,607	519,815
	RECONCILIATION	OF FUNDS
	Total funds brought	forward			1,691/99	4,144	1,695,443
	TOTAL FUNDS CARRIED FORWARD				2,168,507	46,751	2,215,258
11.	GOVERNANCE COSTS
						31.3.22	31.3.21
	Accountancy / payroll	and independent	examiner's	fees		6,370	6,474
	Support costs					17,479	10,160
						23,849	16,634

TANGIBLE FIXEDASSETS
	Short	Computer
	leasehold	equipment	Totals f
COST
At 1stApril 2021 and 31stMarch 2022	121,636	11,245	132,881
DEPRECIATION
At 1stApril 2021 and 31stMarch 2022	121,635	11,244	132,879
NET BOOKVALUE
At 31stMarch 2022
At 31stMarch 2021

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At 1stApril 2021 Additions	2,051,132 93,075
Disposals Realised gams Unrealised gains	(122,007) 27,395 95,536
At 31stMarch 2022	2,145,131
NET BOOK VALUE
At 31stMarch 2022	2,145,131
At 31stMarch 2021	2,051,132

Cost or v	uation at 31stMa	rch 2022 is represented by:
				Listed
				investments
Valuation	in 2022			919,358
Cost				1,225,773
				2,145,131
investments	at market value	comprise:
			31.3.22	31.3.21
				8
Fixed interest funds and grits Equities Property and urt'rastructure funds			140,607 1,587,569 416,955	368,698 1,544,543 137,891
			2,145,131	2,051,132

14.	STOCKS
		31.3.22	31.3.21
	Stocks	1,399	2,037
15.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.22	31.3.21
	Prepayments	3,647	8,015
16.	CREDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.22	3].3.21
	Trade creditors	1,150	5,891
	Social security and other taxes	6,433	2,688
	Other creditors	637	737
	Accrued expenses	4,535	5,792
		12,755	15,108

MOVEMENT IN F	UNDS
	Opening	Incoming	Resources	Gains/		Closing
	Balance	Resource	Expended	(losses)	Transfers	Balance
Unrestricted:
General fund	968,507	326,331	(160,181)	122,931	(310,768)	946,820
Development
fund	1,200,000				300,000	1,500,000
	2,168,507	326,331	(160,181)	122,931	(10,768)	2,446,820
Restricted:
Centre
management		24,009	(29,769)		5,760
Registration,
Information and
Liaison Service		18,623	(22,708)		4,085
Lord Combustion
DC	91		(91)
Charitable Trust
Fundraising	651		431		(4)	1,078
West Midlands
Police Comm	855		(871)		16
The Grimmitt
Tlttst	1,500					1,500
Postcode
Neighborhood
Trust	17,920		(17,913)			7
DMF Ellis Trust	5,000	5,000	(5,533)			4,467
Screwfix
Foundanon	3,500		(3,223)			277
Rowlands Trust	1,340		(1,500')		160
Wolfson
Foundauon	13,750		(14,494)
Ulverscroft
Foundation	1,000		(957)			43
Boshier-Hinton
Foundation	1,144		(1,148)
The Hobson
Charity		1,560	(1,560)
Cluldren in Need		9,932	(9,757)			175
The Worshipful
Company of
Grocers		5,000				5,000
The Hospital
Saturday Fund		2,000	(1,988)			12
Virgin Media 02		981	(937)			44
Roger &Douglas
Turner Trust		2,000	(1,991)
The Rank
Foundation		550	(550)
The Blakemore
Foundation		150	(153)
The Beatrice
Laing Trust		2,000	(1,983)			17
Severn Trent
Water		23,621				23,621

		Urestricted	Designated	Restricted
		Funds	Funds	Funds	Total Assets
Fixed	assets	645, 133	1,500,000		2,145,133
Bank	and cash in hand	309,396		36,250	345,646
Other	current assets/liabilities	(7,709)			(7,709)
		946,820	1,500,000	36,250	2,483,070

	FOR THE YEAR ENDED	31STMARCH 2022
		31.3.22	31.3.21
		f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations		94,543	163,752
Legacies		201,302	87,401
		295,845	251,153
Other trading activities
Other trading acfivities		5,144	3,388
Investment income
Dividend and interest income		76,549	60,988
Charitable activities
Chantable activities		44,218	63,053
Total incoming resources		421,756	378,582
Raising donations	and legacies
Wages		26,239	26,729
Fundratsing and publicity		177	1,036
		26,416	27,765
Other trading activities
Purchases		5,350	1,988
Properly costs		1,394	6,168
Resolution			3,680
Staffexpenses		23	65
General and office expenses		950	5,866
		7,717	17,767
Charitable activities
Wages		150,970	143,637
Social security		7,661	6,897
Pensions		2,339	2,344
Talking newspaper		7,517	7,267
Sundry grants		292	283
Property costs		37,214	29,144
Staffexpenses		914	599
General and office expenses		25,860	28,032
Accountancy		6,370	6,474
Fundraising and publicity		3,365
Stockbroker fees		240
		242,742	224,677

	FOR THE YEAR ENDED 31	STMARCH 2022
		31.3.22	31.3.21
Total resources expended		276,875	270,209
Net income before	gains and losses	144,881	108,373
Realised recognised	gains and losses
Realised gains on fixed asset investments		27,395	6,799
Net income		172,276	115,172