COMPANY REGISTRATION NUMBER: 03870182 CHARrrY REGLSTRATION NUMBEK 1078287 BRITISH WIRELESS FOR THE BLIND FUND AND SUBSly (A Company IAmited by Guarutse) ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2023 OPASS BILLINGS WILSON & HOIYEY LLP Chartered Certified Accountants & Statutory Auditor 98 Ststion Road Sid DA15 7BY
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COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REfoRT (INCORPORATING THE DIRECTORS. REPORT) YEAR ENDED 31 DECEMBER 2Q23 The Trusteas. who are also the directors for the purposes of company law. FKesent their annual report together with the financlal statements of the charity for the yBar ended 31 December 2023. Refornnc• and admlnlstratlvo dotslls Regi8t•red charlty nam• Charlty rnglstratlon number Company rogistratlon number 03870182 Prlnclpal office and r•glstored 10 Alblon Place offlce Maidstone Kent ME14 5DZ Brilish Wlreless for the Blind Fund 1078287 Th• Truste•s Mr M Brace Mr P A Easton - passed away February 2023 MrJCDMowe Mr M A Noble MrMJWood Mrs M R &ainger- resigned February 2024 Mr D K Smith - resigned July 2024 MrGThom Ms L Mack Mr Q Howard Company secretary Audltor Ms S Jones Opass Billings Wllson & Honey LLP Chartered Cerbfk8d Accxxjntants & Statutory Audltor Numeric House 98 Stslion Road SId(p Kent DA15 7BY Bankors HSBC Bank PLC 196 Oxford Street LorKJon W1D 1NT Sollcftors Brachers LLP Somerfield House Maidstone Kent ME16 8JH
Structureg governance and management Govèmlng document Briti8h Wireless for the Blind Fund Is a company Ilmlted by guarants8 (company number 03870182) and registered charity {charity number 1078287 reglstered In England & Wales) (Scottlsh charity number SC041582). Th8 company was inirporated on 28 October 1999 charitable company and Is govemed under its Artides of Association. as amended on 3 September 2015. Appolntm•nt of membern of tho Board As sel out In the Artlcl88 of Assodallon, If there is at any time a vacancy in the membershlp of the Board, a new Trustee may be appointed by a majority of not less than Iwo-thirds of the Trust8e8. Inductlon and tralnlng of MOMr3 of th• Board Most Trustees are familiar wlth the work of British Wireless for the BllrKI Fund prlor to becoming a Trustee as they are nominated either by an organlsallon whh whom we work closety or altemativety are a c(wt8d membér has expressed an Inter8St in supporting the organlsatlon In Ihis way. Both new and existing invited to attwKI a fvll day tralning session Therlng: The obllgatlons of the members of the JanIsatk)n. The operalional frame%rk for the organisation. The charws strategy. aims. obJ8cdves and standar(Is. M•mhr4 of tho Board The members of the Board have held office through(xrt the perKJ to 31 December 2023 are Ilsted on page 1. Ovpanlsational Structure of tho Board The charws Board Is currenty made up of 7 members VAX) meet quarterfy and are responsible for govemance and the strategic policy arKI direction of the charity. The Board is headed by 8 Chair and supported by a Chair and Treasurer. Within the Board there are sub committees which formulats stratsgy on technology and fin8n(xs.
COMPANY LIMITED BY GUARANfEE TRusfEESI ANNUAL REPORT (ThCORPORATll¥G DIREcfoRS' REPORT) ¢ond••ed YEAR ENDED 31 DECEMBER 2023 Structur•i gov•rnan¢e and managom•nt (condnuedj Manag•ment of th• charfty The day to day management of the charity is delegated to a Chlef ExecutNe Officor. Th8 Board ensur8s that The charity carries out its purposes for public benefit. The charity (xxnplies with the goveming documents and the law. The tharity acts in the best Interests of its beneficiarfes. and The tharitys resources are managed responsibty. Group structure The charity owns 100% of a trading CA)mpany BWBF Direct Limited which Is registered in England and its company registration number is 05673285. The companys registered address is 10 Albion Place. Maldstone, Kent ME14 5DZ. The a)mpany was incorporated on 12th January 2006 and ils results are con801idatsd In the financial statements. The companys principal acdvlty Is the sale of radios and audio equipment suitable for access by people living with sight bss. Objecthies and actlvltl•s Ov•rvi•w Britlsh Wireless for the Blind Fund fBWBP) was set up In 1928 with the specFfic objectfve of provlding every blind person in the UK with a radlo. It was recognised that radio would provide support and companionship to people with slght loss. but the cost of a radio would b8 loo groal for most blind people to afford back then. Almost 100 years later. the same principle still lies behind BWBF'S work Accesslble audlo Is essential for those wlthout sight, and BWBFS devices, digital products and accompanying support fulfil this need. These devices and products offer access to entertalnmenl. news and essential information. whlch can profoundly improve the lives of those living with sight loss. The charitys income is derived from publlc donations, legacies, grants from trusts and foundatlons, investmenl income and profft from the salo of equipment through the tradlng arm BWBF Direct Limited. The benefidarles of the chartys activities are UK CAbzens vtho are living with sight k)ss, and in recelpt of meons-tested benefits, Personal Independence Payment (PIP) l Attendance Allowance {AA) or Aduft Disability PaJTnent (ADP). The main outcome of the chartys aclmtles over th8 year Is the reduction of isolation and loneliness by providing accessible Ilstening devlces and tha associated support services to people living with sight loss who meet the criteria above. In February 2024 BWBPS long•Standing CEO. Margaret Grainger, stepped down. Sophie Jones. who has been employed by the organizatlon for 13 parS, succeeded h8r as CEO.
COMPANY LIMrrED BY GUAJtAhTEE Objocts The objects of the Charity as set out In the governing documerrts are the relief of ISe parsons ellglble to be reglstored vlsualty Impalred In the Brrtlsh Islands in such a way as the Trustees think f¢ induding the provision of equipment and 88rvic8s. The objects fall wlthln 8ub8ectlon 3 (1) of the chare5 Act 2011 relating to the rellef of those In need, by reason of
vuth, age. ilkhealth, dlsabllity. finandal hardship or other disadvantage. Publlc B•n8ffl In revlewlng the objectlves for the currnnt year. the Board has pald dua regard 10 the Charlty Commisslon's guidance on public bonefft ar is (X)nfent th8t the charity has (x)mplied with this. The charlty has publlshed an Impact Report which provides more infomiatlon on tho 8thIU8s reported below. Coples of thls report are 8vallable from the regEstered office. Alm• BWBF aims to provlde people Imng with sight loss in the Briush Islants are in n1. %%ith a spedally adapted listening device or deMce8 that are sulted to thelr needs. In order to meet the aims of the tharity ts folknwlng obje(aives are pursd. Dlssemlnation of Inforniatlcm atK)ut our equipment and services thn)ugh scKial media. partners. voluntsers and other relevant organisations. Providing under8tanding and caring sUpp(t to our ben8fidarfes. Apptylng lrIa so thal we help the people who need it the most. Researching and evaluating emérging audio Ilstenlr¥J plattor to Fxovide ts next gongrnoon of116tenlng 8olulion6. Working wllh suppllers to provide a rarvJ8 of suitable WKI accessitAe davi.
COMPANY LIMTfED BY GUARANTEE TRUSTEES. LNhllAL REPORT (INCORPORATING IEE DIREcfoRS' REPORT) comd*¥ql YEAR LryDED 31 DECEMBER2023 ObJectivo• and actlvitl•s (Gontlnued) Strategles to m•ot objectlves The following stralegies are employed lo asslst the charity in meeting its obiecbves". BWBF commlts to further understanding our benefiaaries. needs". Our strategy revolves around a deep4eated understsnding of the needs, aspirations and challenges faced by our beneficiaries. By actively angaging with our target audience and conducting thorough research. we ensure that our initiatives are relevanl and impactful. We have in place a robust network of support that will allow our benefidarles to use thelr digital and physical products fulty and indeperKlentty. We dellver comprehensive and impaciful services to enhance the quallty of life of those who need us. BWBF works through its other relevant agendes such as Blind Societies, hospttals, sensory teams and ECLO'S to raach those with sight loss who mlght b8nefft from receiving BWBF'S equipment and accompansfjng support serylce. In order to receive a device on free pemwn6nt108n, the recipient must be Imng with sight loss. and In receipt of certaln beneffts. Equipment is provided on a free loan basis and remains the property of 8WBF. BWBF wlll repair or replace equipment If nac8ssary. We engage in cost4ffectlve inrne generatlng activlties vthich enabla us to meet our obligations and commltments as set out in the objectlves. We Invest Part of our unrestricted reserves to generats income which will contribute to us meeting our objectives.
COMPANY LIMITED BY GUARANfEE ObJ8ctlvo5 and actlvllles (contlnuodj A¢tlvltl•s BWBF carrles out 8 r8vlew of Its alms, obJ8Gliv8s and activltles on an annual basls. Durlng 20231ts maln activities were: To source and offer an expanded chol¢x of equlpment suitable for th08e wlth slght 10&8. providing a dlverse and flexlble range of options. This indudes DAB radios, Alexa devices, CD players, US8 players, and rnore. This allows recipients to easily and Independently access radio stations. talkrng books. newspapars. podcasts, music. news and much Ire. To develop an appllcallon that allows those Imng wlth sight k)ss to Independently and Seamlessly access over 10,000 radio stations globally. To offer Alexa devices and comprehensive support to individuals vAth sight loss, Including an addit5onal service that explains IK)w Alexa can enhanlx their daily lives To overhaul the way we issue equipmenc to en8ur8 optlmal u)st effici8ncy. To research and approach new trusts and foundakn In a search for addltlon81 funding to support our work. To expand our onllne presence and enhance our social medla outreach to connect with a broader audlenca who may benefft from our services. Voluntsers Volunte8rs are essentlal to the provlslon of our services, significantly contrlbutlng both at our head ofllce and In the field. Throughout the year, we were fortunate to have around 8 dedlcated volunteers working at our Maldston8 office. These individuals supported a wide array of fvnctlons. including admln1strat1 tssks, fundraising acmes, technlcal assistance and markallng afforts. Moreover, we had the Invaluable assistan of around 30 volunteers worklng across various reglons. Th8se regional volunteers were responsible for the delivery and Installation of equipment, as well as providing (x)mprehensEve training to reclpients on how to effectively use It. Their efforts ensure that our beneficiaries can fulty utilise the resources provided. thereby enhandng thelr daily lives and fostering greatsr independence. Strat•glc rnport The followlng sections for achi8vements and perf0mnCe and financial revl8w form the strategic report of the charity.
COMPANY LThflTED BY GUARAiYfEE YEAR LYDED 31 DECEMBER 2023 Achl•vemonts and porfornianco A¢hl•vem•nts In 2023, BWBF achieved slgnfficant milestones that propalled its mission foThvard. The 18unch of the Alexa project marked an initiative aimed at increasing access to digital services for those with sigm loss. Addidonally, BWBF unveiled a n8Y expanded range of accessible deviGes, further empowering Its beneficiaiies. The charlty also strengthened its resources by recrulling a dedicated learn of volunteers, whose Invaluable 8UPPOrt played a pivotal role in marketlng and fundraising efforts. Furthennore, a comprehensive overhaul of service delivery was implemented, prioritising the delivery of a first-class experience to reclpients vthile concurrenty achlevlng a 30% reduction In costs. These achievements underscore BWBF'S commitment to innovation, efficiency, and excellence In serving their beneficlaries %thilst at the same Ilme ensuring that the charws money is spent wi881y. 1.930 people dovmloaded and used cwr accessible apps. 2,491 devices were issued to people living with Slght loss. 7,500 support calls and vtslts were made by (r volunteers. Flnanclal revl•w Group financlal perf0mnCe The group recorded a defidt of £391.629 after gains on Investments compared to a d8fldt of £190,775 in the prevlous year. The charivs consolldated Income for the year decreased signlfi¢2ntty to £1,088.633 (from £1,642.407 in 2022). Although donations from the public and trusts showed encouraging ncreas8s compared lo the previous year In spite of general economic pressures. incom8 from legacies dropped by £718.816. This was in part due to an exceptionalty large single legacy record8d in 2022. Expendfturo has continued to be dosety managed. partilartY during th8 r8c8nt pèriod of high inflalion that has affected much of the charitys cost base. Expenditure increased to £1,683,475 (from £1,550.502 in 2022). and the majorlty of the increase was attributable to increased charitable activitses. Although reserves have dlmln18hed over Ihe year. the charlty 18 focus8d on managing its cost base and utilising ils r&seNes as efflenty as FM)sslble. General unrestricted furKls as al 31 st December 2023, after allowing for the Board's designated SerVeS held for speclfiG purposes, represent approxlmatety six months. worklng capltal, vthich the Board believes sufficient for the charlty to contlnue to achieve hs goals.
Flnanclal r•vl•w {conelnu•d) Profit from th• tradlng company - BWBF Dlr•¢t Llmltod Tumover Increased 9% from £139,205 (2022) to £152,323. The trading subsidiary posted a profft of £18,266, up from £3.411 in 2022. The Increase In profit resulted mainty from a reduction In administrative costs over the year. Ro••rv•• pollcy The unrestrlcted funds are expendable at Ihe dlscrelion of the Board In furtherance of th8 objects of the chaiity. The envlronment In whlch the charlty operates conlinues to evolve, particularly In tern of new technology. In order to malntain and improve control the Tnjstees have created designated reserves for a number of key projects: 1. BuSldlng malntenance £ 120.000 2. Legacy income provision £ 1 tY).O(x) 3. Reserve for mlnlmum.set order commlknents £ 155.000 4. Redundancy costs £ 190,000 5. Dlgital set replacement £ 2.500.OCK) Deslgnal•d Fund¥ roqulr•d £ 3,065.000 TOL11 Deslgnated Funds as per accounts (Nots 30) £ 3,065.ot)o These designated r8s8rves are explained in further detsll bebK. 1. The charlty has allocated a r8swve of £120.000 agat its freehokl propety for any major repairs. 2. Despite wolng efforts to dlversrfy its income SrCeS. the chartys irorne forecast for 2024 remalns heavlly rellant on I08 frorn legacies. The Board therefore deams appropriate to reserve a sum equlvalent to 20% of the 2024 legacy Income forecast to ensure conlinulty of furKls In the event that wojeded Incom88 fall to materlallsa. 3. The tharity has minimum order cost commttments relaling to its supplies of audio equlpment. These commltments have reduced substsntially over the past year as the Gharity has sought to expand its product range and Invest In more competitively prfced opJons for Its bfidarf8s. 4. The Board has reserved a total of £190,000 redunda and assodated personnel Costs for the current operaknn, lch wuld b8 r8qulred in lh8 unlikety event of 8 catsstrophic fallure of the charws ac11vi. 5. Due to age profile of the charws audio slod( t>Jrrenty on free loan and tho pace of technologlcal change In the charftys seclor. equlpment will need to be updated as a digitsl and general technlcal refresh. and also as part of the charitys ambitious plans to provlde a pa of audlo 801ullons to meet the neods of each Indlvldual beneficiary. The Board have provided a surn of £2.5m to accommodate thls need. Th18 designated reserve 111 be reviewed annually as the charttls loan equipmenl portfolk) Is refreshed. P•8¢ 8
COMPANY LIMrrED BY GUARANfEK Flnanclal r•vl•w (condnu•d) Rlsk pollcy The Board regularly revMv6 and re4valuates the major rlsks lo *thlch the charty Is exposed and updates the risk regisler accordingty. Where appropTiate, systems or procedures are introducad or revised to reduce or mItse rlsks. The Trustees consider the prin¢ipal risks arKI uncertainkn'es to be: Govemment budget arts (x)uld Impact on the 8ff8Ctlveness of our agents lo d81iver our seNic8. We are constanty tying to increase our volunteer levels lo fill any gaps In our agent capabilty. A weakened sterling as a result of the ongoing Ukralne war and USA I China tensions, an(J the resufiant impact on the cost of equipment supplied to beneficiaries. The continuing effects of the Covi<k19 epklemlc on the i1rIt sector. The 8ffect of the cost-of4iving cxisis on ts dwrws Income streams. Fundralslng pollGy BW8F's fundralsing team work from 8 stratsglc plan that alms to cultivats rejalionshlps wlth trusts and fourKlation8, allowing us to Becure funding to meet the charltys ts. We have diversified our Indivklual givSng stream and developed a Imder rnnge of donors, utilising various channels to maxlmlse donations. We have Mpleted a robust18gacy strategy lo indude a full plan for legacy fundraising. We review the legacy stralegy to adapt to charwJlng regulalions and donor preferences. By identlfyfjng partnors wh08e products, wvi(w or expertise align wilh our mlssion, aim to 8ecur8 key commer(aal partnershlps that benefit the charty In tanglble wa. BWBF Is registered with the Fundraisin9 Regulator and is cc¥nmitted to operatlng wlthln Ir Code of FurKlraislng Pract1. The fundraising team do not use any thIrartY professional fijndraising organlsatlons to support the functlon, but Indlvlduals wfthln th8 team are members of the Instite of FurKlrai8ing and the Institirte of Legacy Management in order lo tske advantage of its wllcy r8(xxnmendations and train1 CrSeS. Pay9
Flnanclal rnvlow (conlln Flnanclal managem•nt polky The Board's pollcy Is to balance Income genaratlon and costs through management 8trategies and thus provide a stable financial base for the ¢*arity to continue to achleve Sts pIAns and obJèth8s and provld8 m8xlmum benefft to recipients. R•munerntlon pollcy The Board18 committed to 8nsuriro a balance betsen careful man8g8m8nt of charity funds and paying slaff fa5rly in order Ihat we altract and retain the best people. Salaries are reviewed on an annual basis and arn benchmarkod against ts market average for comparabla roles In the voluntsry sector. Inv•8lmont pollcy Under Memorandum arKI Ard(les of Assoclalkjn, the tharity ha8 Ili8 power to make any investment which ts Trustees fL.It 18 the Gurrent policy of BWBF to invest a minlmum of 50% of its unrestricted reserfft in broad-based investrnents Ihrough the services of an Inv8sbnent management company. AS at 3181 De¢ber 2023 th8 amounts invested through an Inv8stmthrt manao8m8nt company represented 87% of the charflys unrestricted reseryes. It is the policy of BWBF that all interest the Investment Kthfollo should be rettjmed to the charity to further Its alms arKI obiecbves. Plans for luturn perfod8 Our Immedlate plan18 to conllnuo to develop our servlces. In order to bacx)me the go lo organisation for all thlngs audio for p80pI8 livlng with slght kxs. As well as provldlng digital lucts and Ilstenlng dev1. alm to prode addit¥)nal information. For example, how P•8r io
Flnanclal r•vhw (¢on¢lnu• Furth8r plans are: To transitK)n from provkllng bespoke, costy equlpment to more affordable, hlgh- quality aliernatiV8s, enabllng us to provide a wider selection and multiple devices per redplenL To offer tr#)mg packages that contaln a USB Player, an Alèxa and a radlo- thus filllng the recipienfs tK•me vAth audlo. at a wst $8v¥w compared to our currnnt equipment range. To seek matched fundlng lo undertake research inlo fure products for the differlng age 9roups and capabilities of our beneficiaries in the current environment of 8volving techrK)logy. To continue to play a leading role in lobbying oovemment over the proposed digital swltchover of radio ser¥ic8s in order to safeguard the interests of our recipients and us through tradib(Thl channels. To contlnue promotlng our servlces lo 118 in need, we will diversfy our outreach program to ensure we reach isolated indivlduals and those may not leam about US through traditional channels. To extemalty train staff In the requlrements of tlw living vAth slgm loss In order that we can provide an Improved personal service. Trust••s' r•sponslbllltlo8 4tat•ment The Trustees. who are also dir8Ctors for the purposes of company law. are responsible for pr8paring the Trustees, roport and financial stslements in accorda% wlth applicable law and Unlt8d Kingdom Accounllng Standards (Unit8d lfjngdom Genwally Accepted AccnI[ng Practl(*>. Company law requtres the Trustees to prepare financlal statements for each y8ar lch give true and falr vlew of the stsle of affairs of the charllable company and the incy)ming resources and app1KatiC of rewurces. Inding the inxna and expendlture, for that In preparing th6se financial statsments. the Trustees are requked to: Select suitable Kc(yJnting poficies and apply Ihem nsIstenty. Ob8eNe the methods aThl prlndpl8s In the appfKable Charlllas SORP. Make judgments and aLwunting estimates that are re%able and prudent. stale whether appucable UK ACCnting Standards have been followed. sublect lo any material departures disdosed and explalned In the financlal statements. Prepare the finaniaal statements on the going concem basis unless it is inapwowlate to presume that the charity will contlnue In business
Trust••s' rospon•lbllftlM stat•m•nt (conthiu8o) The Trustees are responsibl8 for keeping adequate ac(x)untlng records that are sufficienl to show and explaln the c*anVs transactions and dlsdose wfth reasonable accurary at any tlme the financial posillon of th8 charity and enable them to ensure that the financial statements comply wlth the Companles Act 2006. They are also re8pon8ible for safeguarding the assets of the charlty and hence for takiw reasonable sleps for preventlon and d8tection of fraud and other Irragularlues. The Tnlee8. annual reFX and the stratwc report wwe approved on Z August 2024 and $5gned on behalf of the Board of TNstees ty. Mr M Brace Chalr Ms S Jones Secretary P48• 12
FtrND AND SLSly Oplnlo We h8ve audited the Anmwl w •nd fiDati¢i Ststern of BTitith Wirekss For The Blind Fund (thc'clwitrf) iDcludins 4 of Si1fiCant a¢¢011 polici. The reporting tbat bag been applied in their prePar10n is applicable lw and Uni1¢4J KxtigdomA¢counting Stafylarth, includin8 FRS 102 Th¢ Financial RcpoTttng Standard applicable in the UK at¥J Rq)ubki¢ of Jreland OJnitcd Kingdom G¢n¢rally give * and fair vi¢w of the state of the 8TOW¥ ATKI parent clwritys 8ff•irs a3 at 31 December 21Y23 and of its for oplDlon for the audit of the atmual ryort atyj fiDonci st8teJn¢Dts 8e¢tioD of our rwL We are Indepen of the 8ufficient and appropmt¢ to prode a basis for our opinioJL r¢ltluE to comettn ¢ODdilions thac 1nd1vithl]Y or colleclivety, tDAy ca8t SilfiCt doubt on the ¢knity8 ability ¢ontinue As a Pa8e 13
COMPANY LIMrrED BY GUARANfKE YEAR ENDED 31 DECEMBER 2023 U8 to report to you i( in our apinio orhave no reaJisti¢ olternative Ixtt to do $0. Pw14
We have been #pinted as auditor se¢tioD 144 of the Cknitie8 Aet 2011 MI iti A¢¢old with includes opinioL Rwonabk aslur is a hish l¢v¢l of ]LUU. iKX is O guwantee tbat an I11 Cbatititt Aet 2011. Data Protedion Art2018. HeHIth and Wety*twryk Act 1974. Pw15
SUBsty •wli¢ ¢vKdEzKe thal is suffici¢¥Lt al apFYiyiite kn wovide • knis our (vinic. The risk of not deie¢ttn8 C s1wfie¢ dt the 8r(A¥'8 •bility to a 80108 ¢(¥Kern. tf we eLwlud¢ th•t • mBtcftio1 . To the fi£st exlcot pATritted bylaw. we do •¢c¢Frt (Y 4SgJD* reswmsibiltyto an)Yx)e b(. ftf fttythl# rtyrt fry the q>lni other thAtt the For and on bthalf of Opass Billin88 Wils & How Ll 98 Ststion Ro Sithup DA15 7BY 2024 Opam Billitty w11x & LLP is fry aulit&Y ofthe cknitytythe virtut of its Pw16
COliSOiJDATED STATEMENf OF FINANCL4L AcfiviTIES UNCLUDJNG CONSOLIDATED llYCOME AND EXPENDfniRE ACCOUNTJ YEAR ENDED 31 DECEMBER 2•23 Tot1 F•D 2023 2022 Donations and legacies 642,562 IQ346 74,810 188,915 831J 184346 74111 1.423.641 150.528 61.215 1.025 Totsl 899.718 18&915 1OSW3 1.642.407 endllre Co of raising donaliow a1 Iyi 9 265.074 126.157 26,854 1,083.130 245,094 J32.494 28,514 l.J44.400 14137 24854 1365J99 ii. 182260 Totsl E¢#d*re 1.501215 IW3A75 1,550,502 201.827 iJ86 203313 82.680) 399.070 Total funds brty4ht foTYArd 3961587 116576 4m9.163 4.269,938 3J62.917 124.617 3,687A34 4.079.163 es21to36 P17
COMPANY LIMITED BY GUAK4NfEE 2022 1.756 959J31 40J24 958J41 Tffjgible us¢ts 21 4.107.981 3.992,127 Sto¢k 30,757 214.949 29375 415 633 32,991 74.152 9,350 6,714 1.085.054 1.111161 998.018 (420.44T) 87,036 4.079 163 Fundi of the youp 124.617 3,562.917 116,576 3.962.587 T•tsl 8ro•p fun 4.IY19 163 2011. Aii8lUt 2024 d Af¢ 8iped on b]f of the bo*Td ty. MTJCD ¢ rewstiltion nwnb¢r. 03870182 21to30
COMPANY LIMITED BY CARE COMPANY STATEME1 OF FINLYCIAL POSTfioN YEAR ENDED 31 DECEMBER 2023 1.756 959J31 40.324 958.341 2.993.463 Tanpbl¢ fix¢d a88d¥ 21 4,107,982 3.992.128 CHrrnit AM Stock 29.& 22794J 29J75 298986 26J36 344.025 9J50 690288 Jnve8tmts 585J12 I.19,999 Credlt•Ys: flUy due wlthln on y Flet evrent wets (420.174) los75 ofthe 124.617 J563,191 116J76 3.981,127 Totsl ehthty 4.097.703 Forthe yearendw 31 December 2023 th¢ Cb•riryw ¢ntiil¢d to ex• from audit under section 477 of the subj¢¢t to the snull comp¢8, rew. MrMBr CompgoyT¢8ithtioD nurnber. 03870182 Th¢ noles ox 2Jts36 P•8e 19
CO.I%SOLIDATED STATEME OF CASHFIA)WS 2•22 (391ffj29) (190.775) AdilMentsr.. Depreciglion of tawble fixed gssets 16911 20.319 54.858 282.680 (6J.203J (io) 60,738 19.947) (203213) 4Ji8) {492) Changu in.. 50.542 JOl.4J6 QJ.629) Trade aNI othtr ¢kbtors (140.797) 81075 (556J49) 28&989 Inter¢8t paid (83044) 492 (60.738) io Nrt IN) •peYathz ae¢lwltl (639JOI) 226.261 74J18 61.203 (17JOI) f6.3J4) (112,962} (1.658.8JOJ lJ7&743 1.585.716 Ptrch8¢ of assrt8 N¢t (uwl Inyfrom A¢dTIths I19& (18.205) 153¥03) 208.056 709.855 Ch Md wh ofye•r Cath •nd eqMfvAkts It •fyer 27 445.1)08 977.911 es21 toJ6 ofthese
COMPANY LIMITED BY GUARAiYfEE and Wale8 • re8iSteEed eknityiti Jnd W•kn The add of the re8is*red office is 10 Albion Maidrt¥V KeDL ME14 5DL appli¢•ble sn the UK alld the RW"c of ITe]g0(r. the StsteDxnt of Re<lNn Practice appli¢4bl¢ to ekwitieg preiwMA their acc1 in aecth Thryth the Fu[]11 Rert applKabl¢ in the UK a1 Repllblic of hrlattd (Trs 102) (CATiti SORP (TRS 102)) •tyl A¢1 2. •f prep•r•lloD P48e 21
YEAR ENDED 31 DECEMBER 2023 In¢aWr reliabty. dIlLed if mat¢tiiL the state1ne of Finaucid AL#ivity a8 they tt¥d¢.
COMPANY LIMITED BY GUARAhYEE Ta¥lbk •xts An inuea8e in the ewing arrfxmt Of Iitel u a of i is r• in otherretogni8ed uÈefiEI lif¢ of that asset 28 follo. Iattd ond buildin8 Fixtur¢8 & fittin85 Not dw¢iatcd IW• strgight line 25% str8i8ht line 25% straigbt IIDC Iwillrellt •f fixed dlte. to tho% w>it8. Stock is valued in the finaTh at th¢ I00f cost and n¢t teaiiJ The stock held by pot¢ntial Provided by the itC4ns of rtocL
YEAR ENDED31 DECEMBER 2023 WbeD Contribwlo aye nrt expt¢d to be settled vAllY withio 12 othI ofthe end of the reportill8 d#t¢
NOTES TO THE ANNUAL AND FINANCIAL STATEMENfs (CondM•ed) YEAR ENDED 31 DECEMBER 2023 2•23 2022 936Jl• 1.503,202 Expendilure on raisin8 fimda Expenditure on clwitabl¢ a¢tivitie• 291 928 1357890 273,608 J. 141.100 203313 (282.680) Nrt Inwnel(expeudititt) (409J95) (194.186) 4097.703 4.291.889 1687J08 4.097. 703 3A63.191 124J17 3.981.127 116.576 4.097. 703 Flln 2023 DoDatloDa Other publi¢ donatioty 150806 150006 492.131 49L131 642J62 188J15 831A F¥ 2022 95.304 95.304 I14 rec¢ivble 1.210.044 1,2JO.$147 Grnts 170 117220
YEAR ENDED 31 DECEMBER 2013 2023 2022 IW23 26.g21 139205 13.664 3.659 139.205 13.664 3.659 26J21 3202 182J46 182J46 156.528 156.528 2023 2022 74J18 74J18 492 61203 io 61.203 io 74 61 74.810 10 13 6J.2J3 ReslTiCted TO folal FuNLf 2022 Wages s1¢$ 145.186 13,095 14917 145J86 11095 14917 132.165 13.460 14.763 3.708 392 360 JO.611 29.049 1.014 (846) 29 511 7.131 510 7.131 iJ96 217,168 217J68 204.682 43.2(Kl 4,706 36.440 3.972 706 47.SX)6 47J06 40.412 265,074 265074 245.094
COMPLYY LJMITED BY GuARTEE YEAR ENDED 31 DECEMBER 20LI 10. Co# of oih•r trdlthg a¢llvlde4 Uwethidtd T•tl Fund¥ Unre fotÉ¥l Funds 2023 2022 Publi¢ty & evmts 150 373 1,144 10.025 516 150 373 1.144 10.025 516 97 119,342 571 (121) 571 U21) Bank cbar8e8 Goods for re1¢ 125.556 119,342 12A157 A2V57 131494 132.494 2023 705.589 377541 1822 887049 3T7WI 1.083.130 182260 1365J90 URruti7Cted Restrictsd fotalFMRd 2022 655,712 352.3 136.685 792,397 352.003 Swrt ¢08ts 1.007,715 136,685 l.J44,400 Totsl To¥alFwdf 2023 2022 116J80 li J07,934 ts and le8xies 887.849 227.638 33.523 I.JISA87 33A23 1.020,499 15.967 887.849 377,541 1265J90 1.144,400 Pw27
YEAR ENDED 31 DECEMBER 2•23 Tot•1 2•23 rotdl 2022 Stsff eo¥ts 6.705 15,403 20235 1789 631 15.065 31730 43.( 5926 524 6242 lo82 25J81 37.726 2,447 41,715 21,770 4&133 63335 715 1.155 10.802 41.900 42.418 49.839 9, 766 737 9.20LI J2.130 56.661 75,J77 13,391 28.484 J2.300 FInee costs 5.327 12234 17.753 lJ86 30.980 L¢841 andpmfrulon fee8 14,8(M) 51415 4479 3033 rA 17.100 Publicity a1 cv¢nts 17.INJ 116J80 227.638 33,523 3T11 352,003 2023 2022 45 2•23 2022 Attmirtition of in(¥D8ible J4.858 2023 2022 2.044 Py28
YEAR ENDED 31 DECEMBER 2023 17. Stsff coth and •mohm*nts 2022 599258 575.471 61.049 47.357 13.J19 62,776 47A31 14.n2 Ot1 ¢mploJYe benefits 74177 097.196 Th¢ avera8¢ head COUDt of aDplo)w thlliDg th¢ yt•rw 12 (21n2: 13). The #verage number of full4ime 2023 2022 Fi¢ld 12 21123 2022 £90.(XIO to £99,999 ¢h4rity or a related eDtity. TArin8 th¢ period lITIeS of £7827212022: £74,949) and bcnefits of £17.LM5 (2022: £17,045)Mttt 19. ConthigeA¢ aCed by the exexutors prior to Ihe 31st De¢anbtr 2023 (2022: £240,0(M)). Pw29
Group cbarlty At I JAnwy 2023 274288 (261J51) 12A37 Al l Januw 2023 233.964 38,568 (261.851) At 31 De¢eMb 2023 10,681 At 3] Deeember 2023 At 31 2022 21. TaW fAx¢d At l Jamwy 2023 .015336 218245 17901 170.523) 1333J81 17901 c7023) At31 2023 1.01SJ36 23Q146 At l Janllary 2023 68 J29 10.850 206.911 6.061 (70523) 27S240 IA911 {703) A¢ 31 De¢¢xts 2023 79.179 212.972 291151 6.157 At 31 De4¢llkn 2022 958 341
COMPANY LIMrrED BY GL'AMhTEE To¢1 Cost or vah•tloA At l JaDuary 2023 Additity DisEK)saJs 1933.130 iJ22.962 (1572.743) 201,827 60,332 1993,462 lJ22962 (Im1743) 203.213 1,386 At 31 De¢ernber 2•23 3.085.176 61.718 3,14Q894 At l Jamuary 2022 nd JI D•cember 2023 At 31 Dee¢mkn 2023 3085 176 At 31 2022 2 933.130 2 993 462 Cort or valuathi At l January 2023 2933,130 1.522.962 (1572,743) 201.827 60J32 L993,463 lJ22.962 (lJ7l743) 203313 1,386 3,085.176 61,718 3,14A895 ImpAlrmeDt At l J*•wy 2•22 •Dd 31 D¢ceDkn 2023 Can7kn% amo•llt 3 085 176 At 31 DeMb# 21Y22 933.130 32 2 993 463 HSBC GIF Global (k)ven HSBC GIF Glohl Cowat¢ B(1 £286,862 £214.556 £159,024 922•A 6.9/• 5.11% Withiu the ¢losin8 market V4h of listed invc4tD is £1.45SJ89 (2022 . £1.453.1)71) that •tt invested P•8e31
YEAR ENDED 31 DECEMBER 20Z3 a8s8 of P¢tAge of BWBF Dire£t Limite41 i(K) ProfiVON8) for the y¢ar 2023 2022 2023 2022 BWBF Dirrct Litllited 2022 Gmp 1,749 29.iMJ8 655 2&336 Stlk held for panMDent free loaD 757 32.991 2022 2023 2022 Trnde debtors 21130 19.030 11,197 39J18 176J78 4.341 291.150 43.804 4.730 176178 IS441 43.804 11.318 2A4J49 74.152 227J43 344.025 2022 2•23 2022 29 P•y 32
Gr••p 2023 2022 2022 C4sh at bank atsl in haDd 415.633 29J75 908.501 9.350 2W86 29J75 090.288 9.350 445,IN)8 977.911 32WI 699.638 Gro•p 2022 2022 85OJO• 8JO.ocrt) 1Tr•25 88.945 61J16 30.048 15?22 850.000 63.451 27.948 50 49316 15922 12,098 23.025 23.025 1.111.161 998.018 1,005,486 964,424 vns £47.431 (2022: £47J5TJ. P*8t 33
At lo1 31 Dec 2•23 Group Cn¢Tal fu (32.413) DMi8nad Futyts 3.995.1 899.718 (IJOl215) 930.1> (930.(XNJ) 201.827 497J17 3065MO 3S6I587 899.718 (1.501215) Xii.827 3J6&917 31 Dtc 2022 Getwal fonds (21.951) DMi8natsd PuDds 4,146,526 I J24284 (1.413.817) 151 J26 (151 J26) (271455) (32.413) 3,995.MO 3 902 587 At bx•¢$ 31 Ile¢ 2023 fllndq {13.873) 747J95 (lJ67.158) 201,827 494191 747 201827 a191 At 1• 31 D¢¢ 2022 lJ85.079 (1278.023) 151526 (151520 (272,455) (J3.873) 4.146 526 455 3 981127
YEAR EED 31 DECEMBER 2023 At losw 31 Dee 2023 RestrA¢t foDd 116 $76 188915 At l(w$ 31 De< 2022 145 363 118 123 io 116576 Are1 fllDd e#ab]ith&l by * kwof £75.( iti 1989 in 11( for Blir#J P* It w th¢ to British With fr the Blind Furd 21 MCh 2(KKI. Un&Y the taTa8 of th¢ 1¢8acy 2022 IDtsD8ible $8S¢tI T1 le fix 1.756 40J24 40.324 959.331 Inv¢ 3.085.176 95gJJi 958J41 61.718 1146J94 1933.130 61899 58W9 995216 95&34J 60J32 2.993.462 56344 1,051.460 CTeditorn le# than l )r•r (I.iX15.480 O•S486) (964.4M) .424) 124.617 l16576 4,079 J63 21123 2022 1.756 1.756 40J24 40,324 Tatib fixed 959,331 3.1)85,177 522.413 959J31 Al465 12 958J41 2933.131 1,013.755 9J8.341 ().332 2.993.403 56,244 1.069.999 61.718 thaol) (J.(#)5.480 {Im&486) {964,424) (904.424) 3,563 191 124.617 3.981.127 116.576 4.097. 703 Pw33
COMPANY LIMITED BY GUARANTEE 2022 850 000 31 AJ•lyth of dtbt Gr••p At l J•n 2023 C48b At 31 D•e 2023 Cash at bfiok Debt due 968.561 (850,0 9J50 (561.928) 40A633 (B50.0)) 29J75 20.025 127311 (541903) (413.992) Ck*rlty At l 223 tlomry At 31 Det 2023 Ca8h at bsnk 288 (850,&)0) 9J50 (391 J02) 2K986 (8.000) 29J75 20.Iy25 (1SOJ62) 13712771 (521ffi39) 21)22 Not later thaa l year 14.601 6.386 3lJ80 147 20.987 Py36