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2022-03-31-accounts

Registered number: 03920526 Charity number: 1080986

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 12
Independent auditor's report on the financial statements 13 - 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 44

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Mr M Wilson,MA(Oxon),Chair
Mr R Gill,FCA,Treasurer
Miss L Moore,Vice Chair
Mrs D Goma
Ms J Sharp
Mr M Connell
Company registered
number
03920526
Charity registered number
1080986
Registered office
2a Wentworth House
Vernon Gate
Derby
DE1 1UR
Chief executive officer
Ms C Winfield
Independent auditor
BHP LLP
Chartered Accountants
57-59 Saltergate
Chesterfield
Derbyshire
S40 1UL
Bankers
Lloyds Bank
812 Osmaston Road
Allenton
Derby
DE24 9AA
Solicitors
Nelsons
Sterne House
Lodge Lane
Derby
DE1 3WD

Page 1

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements of the charity for the year 1 April 2021 to 31 March 2022. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) published in October 2019.

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Structure, governance and management

a. Governing document

The charity is a charitable company limited by guarantee and was incorporated on 7 February 2000. It is governed by its Memorandum and Articles of Association. The charitable company began its operations on 1 April 2001 when all assets, liabilities, contractual arrangements, activities and work in progress were transferred from a charity known as Derbyshire Association for the Blind charity number 213876. Since 2012 Derbyshire Association of the Blind Limited has traded as Sight Support Derbyshire – SSD.

In 2019 the Memorandum and Articles of Association were changed, to broaden potential charity beneficiaries and to reduce the minimum number of Trustees from eight to four. The changes also included the option to hold meetings electronically.

b. Recruitment and appointment of Trustees

A Board of not less than four and up to twenty Directors/Trustees who are elected at the Annual General Meeting governs Derbyshire Association of the Blind Limited. The Board aims to have membership of one third of visually impaired people, and currently meets this aim. The Trustees serve for three years and may be re elected. Vacancies during the year may be filled by co option. All new Trustees are recruited through an agreed process which includes a written application form, take-up of references and once accepted, a Board induction programme. The Board has met six times in the financial year 2021/22.

c. Trustee induction and training

All new Trustees undergo a tailored induction programme which includes briefing them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association, Board meeting and decision making process, business aims, risk management and recent financial performance. During the induction process new members have the opportunity to visit the offices, meet key staff and visit the charity’s services.

All Trustees are notified of any relevant training courses, workshops and seminars relating to their roles. Occasional training is delivered before Board meetings. Due to Covid restrictions over the year, delivering face-to-face training has not been possible. All Trustees were sent information about on-line opportunities, including Roles and Responsibilities of Charity Trustees.

Page 2

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

d. Key management personnel

The charity’s key management personnel are considered to be the senior management team including the Chief Executive Officer. Their remuneration is set by the Board of Trustees and is based on salary levels of similar positions within the industry.

e. Risk management

An annually reviewed and updated corporate risk plan is in place which provides an annual review of the key risks the charity may face. It also highlights what systems and procedures have been put in place to mitigate these risks and minimise any potential negative impact should any of the risks materialise. The plan is divided into six areas, in line with Charity Commission guidance:

  1. Governance risks

  2. Operational risks

  3. Financial risks

  4. External risks

  5. Compliance (law and regulatory)

  6. Other

The Trustees continue to consider the key risk facing the charity being reduced income brought about by the short-term nature of contracts and the possibility of grants being reduced or cut. The Trustees seek to manage this risk by looking at new ways to attract income including opportunities for new contracts and grants and developing fundraising opportunities such as regular giving and online fundraising campaigns.

This year, the risk of failing to recruit suitable staff has also increased. This reflects the major issues with staffing and recruitment across all sectors. Whist not of immediate concern, turnover and recruitment is something that is monitored closely by Trustees at each Board meeting.

With Covid-19 an ongoing issue, risks continue to be assessed and managed under the key areas of the corporate risk plan, and through the specific Covid risk framework for services.

A system of internal controls is also in place, designed to provide reasonable but not absolute assurance against material misstatement or loss. These include:

Derbyshire Association of the Blind Limited has documented the policies and practices employed by the charity in the delivery of its services and these include (inter alia):

Page 3

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

Objectives and activities

a. Aims and objectives

The charity’s objectives are to provide relief and support to people of all ages, particularly people who are visually impaired and living in Derby, Derbyshire or surrounding areas. Its aim is to enhance the quality of life for these people and their carers by raising the resources necessary to provide a comprehensive range of supportive services and activities throughout the area. The charity also works to educate the public and promote understanding about eye health and sight loss in order to prevent avoidable sight loss.

The charity does not make grants to other organisations or individuals as part of its work. From time-to-time, the charity applies for grants from specific charitable trusts for the purchase of equipment for individual beneficiaries. Most recently this has been for specialist swimming goggles and the cost of one-to-one swimming lessons for visually impaired children. Grant income is restricted to this particular activity.

b. Volunteers

Our volunteers lie at the heart of our service delivery efforts. It is because of their selfless and dedicated service we are able to reach out to so many blind and visually impaired people, and people in need throughout Derbyshire. In 2021/22 we retained 70 volunteers, but unfortunately, due to ongoing Covid restrictions, most were not active during the year. Some of our office based volunteers and those who operate the mobile resource service did volunteer when restrictions allowed. A newsletter and updates were sent out and some volunteers came in to help with activities such as members’ mail-outs.

For the last two years, we have been without a Volunteer Coordinator. However, during the year we tried to recruit to the role, but were unsuccessful. We will try again to fill the part-time position and get our volunteer services back up and running where possible.

Page 4

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

c. Public benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Over the past year, due to the ongoing ‘stop-start’ nature of the Covid pandemic restrictions, we continued to follow our Covid risk framework for the delivery of our services. Face-to-face service delivery remained on hold for all but the most urgent cases, and all of our social group activity for adults and children was restricted. Being well practiced in delivering adapted services, we continued to deliver essential support whilst keeping our staff and service users safe. Many of our one-to-one services remained as telephone support. As people rang in with issues, our staff completed a phone assessment and were able to post out or arrange doorstep deliveries of essential equipment. Telephone follow- up was made to ensure that the person knew how to safely use equipment and that immediate problems had been resolved.

We already had a clearly identified list of the most vulnerable service users taken from our database at the start of the pandemic. We continued to offer a regular call from a member of staff over the year, and developed some opportunities for group conference calls with service users. Towards the end of the year, we began to reduce these calls as many services began to resume more ‘normal’ delivery.

“Having someone stay in touch with me each fortnight has been lovely! I love to have a chat, and so being able to talk to other people in the same boat is good. (SSD staff) are arranging for me to attend a coffee morning and so I’ll finally be able to meet one of the other ladies I’ve been talking to on the phone group. I can’t wait!”

Mrs C, March 2022

For much of the year we stayed in contact with our social groups, providing individual and group telephone sessions and Zoom online activities with our children and young people’s groups. The children’s group were able to do some in- person activities and enjoyed trips to the pantomime, trampolining and climbing.

Over the year we sent out three members newsletter to 4,500 visually impaired people each time. The newsletters contained important information about how our services were adapting and how they could contact us. Our newsletters were all sent out in large print and copies made available as audio versions via our website.

Through the various levels of Covid related restrictions we have continued to provide much needed services to our long standing and new service users.

As part of our ongoing work we also provide advice and information to families and carers of those people, and to a wide range of professionals in health, social care and education.

Page 5

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

Case Study (adult service)

Mr P had recently been registered as Severely Sight Impaired (formerly known as ‘Blind’) due to Macular Degeneration. The diagnosis had a profound impact on his mental health and he struggled to come to terms with his prognosis for which there was no further treatment.

During an initial visit, Mr P expressed that he was concerned about his future and how he would cope moving forward. Our qualified Rehabilitation Officer talked with Mr P, and reassured him that his anxiety and concerns were to be expected and were common. As well as offering this emotional support, a plan for teaching practical skills was made with him. He was struggling with a range of day-to-day tasks, including writing notes, identifying money, seeing to cook and make drinks, and reading books and newspapers.

Following a planned programme of rehabilitation support Mr P had learned new ways of carrying out important tasks. He was able to write notes using a frame and a thick felt tip pen; he learned how to identify coins and notes with touch alone and was able to recognise money without having to struggle when paying at the supermarket; he grew in confidence in the kitchen and was able to safely use the hob and oven. He said that he no longer had to rely on his wife to make him a drink and he could make her one for a change! He was introduced to talking books and talking newspapers, giving him access to hundreds of publications.

Mr P said:

“I never thought that I would regain my independence after my diagnosis of being registered severely sight impaired but Sight Support Derbyshire have helped bring back the old me again. I feel happy knowing that I have Sight Support Derbyshire on hand if things were to change and that they would be there to support me if needed in the future.”

Case Study (children’s service)

Sight Support Derbyshire Children and Young People’s Worker regularly highlights the positive work of the groups she runs:

“The trampolining was so much fun; the inflatable slide was so fast!” Child B at Trampolining Centre

“I raced my friend up the wall, it was lots of fun!” “I got to the top of the wall! I am going to try a harder wall next.” Child F & Child D at Clip & Climb

“We have never been here before and wouldn’t have thought of trying it if you hadn’t arranged it. The boys have had so much fun! Thank you.” Mum at Clip & Climb

Achievements and performance

a. Key achievements 2021/22

Contracts and funding from our statutory partners has been (and continues to be) extremely difficult to predict. Local Authorities and the Clinical Commissioning Groups are all facing increasing financial pressures, and this is reflected in their ability to provide any mid-to-longer-term commitment to their future service requirements and available funding. The already uncertain future of funding has only been exacerbated by the Covid pandemic, with Health, and Local Government budgets likely to be negatively impacted. We have continued to work with our funders to clearly identify the need for our services and what they achieve in terms of positive outcomes for visually impaired people.

Page 6

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

Having re-tendered and been successful in continuing our work with Derbyshire County Council, providing advice, information and support to visually impaired people in Derbyshire, we moved into delivering the third and final year in April 2021. With significant changes to the way we delivered the service during the Covid pandemic, we agreed with the Council changes to the way that we would monitor and report activity. More emphasis was put on telephone triage and assessment and on telephone support for advice and information and also for more ongoing support to vulnerable service users. We also worked to identify how we would report on the contract as we moved to more face-to-face work throughout the year. Quarterly online monitoring meetings over the year allowed us to demonstrate that we were meeting the amended targets and responding to the regular changes in Covid rules.

Our low vision service, which had moved to a telephone assessment service, moved back to more home visits and assessments. Being able to assess the service user in their own home is a key benefit of the service, making suggestions about lighting and home adaptations to improve residual vision. During Covid restricted parts of the year, we were able to quickly adapt and be flexible, moving back to telephone assessments when needed to limit the time that service users went without equipment.

“I am so pleased with my new magnifier; it has really helped me to see things again. As my eyes have got worse, it’s been useful to know that there are still things I can do, and equipment out there to help. A very nice lady brought the new equipment to me at home.”

Low Vision Service User, June2021

Over the year, our regular sports and leisure groups remained closed. We continued to stay in touch with regular service users and offer telephone support, including small group conference calls, which have been well received. Towards the end of the year, in March 2022 we recruited a new Social & Leisure Project Worker. A rolling programme of events for service users is planned, the intention being to make contact with visually impaired people around the county to look at future events and activities that people would like to try.

Our ‘Living Well’ project grant was once again extended, allowing us to run the project over the year. Funded by the Clinical Commissioning Group (CCG), the main focus continued to be about supporting vulnerable and visually impaired people throughout Covid. More emphasis was put on supporting mental well-being and ensuring service users received essential services.

2021/22 has been another challenging year with the ongoing burden of Covid. The fact that we have an exceptional and dedicated staff team, loyal volunteers and strong support from our service users has allowed us to respond to the continued challenges.

In the midst of the additional challenges posed by the pandemic, we faced moving our Head Office in Derby. For many years Trustees have wanted to purchase an office property, reducing annual rental costs and investing in capital. With the rental agreement at Litchurch Plaza ending, and the designated fund for a property purchase at a reasonable level, Trustees agreed to look for a suitable property. The new office at Wentworth House was identified and negotiation with the current owner allowed us to rent the premises with an option to buy after six months. This arrangement allowed us to fundraise for capital grants and donations to support the purchase and avoid a loan.

Page 7

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

With generous donations and grants from the Bradbury Foundation, the Garfield Western Foundation, and Derby City Council (Additional Restrictions Grant), along with our own designated fund we were able to complete the purchase of the building in December 2021. The new Head Office provides a more suitable and modern working environment and has the benefit of an accessible downstairs community room and resource centre for use by our service users. Due to Covid the room has not been used to its full potential yet. However, we have had exercise groups, coffee mornings and craft sessions in the latter part of the year.

b. Fundraising

Sight Support Derbyshire is a fundraising organisation and relies on this generated income in order to provide a full range of services. This fundraising activity is driven by the Fundraising Team, made up of a Fundraising Manager, and part time Fundraising Assistant, Grants, Legacies and Trusts Fundraiser and Marketing Fundraiser. We do not use the services of any external, commercial fundraising companies.

Sight Support Derbyshire has signed up to the voluntary code of conduct issued by The Fundraising Regulator, ensuring that we comply with best practice in the sector. We have met all standards issued by The Fundraising Regulator and have not received any complaints about our fundraising activities. Over the year, our fundraising team attended various online training courses run by fundraising and voluntary sector providers about best practice and new ideas in fundraising.

Over recent years there has been heightened awareness of the unscrupulous fundraising activities carried out by some charities (or companies acting on their behalf). Sight Support Derbyshire has an approach to fundraising that ensures donors and potential donors are respected and valued. This means:

Sight Support Derbyshire fully complies with the new General Data Protection Regulations. The fundraising team has transferred all fundraising data onto E Tapestry, a specialist fundraising data-management tool that allows us to monitor GDPR compliance and to ensure that our donor preferences are respected. As a local fundraising charity, we rely on our continued positive reputation in all of our activities.

The previous financial year had seen us lose two of our fundraising team through redundancy due to the pandemic. In April 2021, another part-time member of the team left and we did not replace her position. A restructure of the work in the department resulted in one remaining fundraiser taking on additional hours, and another member of staff taking on fundraising administration hours to support fundraising work. With so much uncertainty about ongoing fundraising opportunities, Trustees decided to focus on regular giving and grants until there was greater certainty about Covid, and about the economy coming out of the pandemic.

Moving forward, we will look at what the future of fundraising activity is likely to be and then look to build a fundraising team to deliver on the plan.

Page 8

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Financial review

a. Review of the year

The Statement of Financial Activities for 2021/22 is set out on page 17 of the financial statements.

Total incoming resources increased in the year from £595,479 to £671,365. Resources expended increased in the year from £542,808 to £568,578 giving a net surplus of £102,787 (2021: £52,671).

The charity had funds carried forward at 31 March 2022 of £794,411 of which £58,834 are restricted funds and £735,577 are general funds.

During 2021/22, despite buying a new Head Office building, we managed once again to control our costs well. Incoming donations and grants to support our capital purchase meant that we retained some of our designated fund. Trustees plan to use this (or a portion of it) to set a designated fund for property repairs and maintenance.

As a small charity, we are pleased that, at a time when many other charities have lost contracts, shed jobs and reduced services to beneficiaries, Sight Support Derbyshire has retained all of its statutory contracts, continued to protect the jobs of our key staff and maintained services to blind and visually impaired people.

During the year, the senior management team has continued to maintain monitoring and reporting systems of administrative and financial controls, in order to protect the interests of the beneficiaries of Sight Support Derbyshire, external funding organisations and stakeholders, the Board of Trustees, employees and volunteers, and to assist Trustees to effectively meet their responsibilities as follows:

Going concern

The results for the year showed a surplus of £102,787 with the level of free reserves amounting to £343,577 at the year end.

Whilst inherently there can be no certainty with regard to future income, particularly with the ongoing impact and legacy of Covid, the Trustees confirm there is no reason to believe that funding will not be maintained. The charity has projected budgets forward to September 2023 which show a surplus. The management accounts to 30 June 2022 show a deficit, however the budget is still expected to be achieved.

Given the above, the Trustees believe it is appropriate for the accounts to be prepared on a ‘going concern’ basis.

Page 9

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

b. Reserves

During 2021/22 Sight Support Derbyshire Trustees reviewed the charity’s reserves policy and found it to be still relevant. The policy acknowledges its duty to balance the needs of current and future beneficiaries of the charity and to have sufficient reserves to cover known liabilities and contingencies, absorb setbacks, and take advantage of change and opportunity.

In line with the current reserves policy, Sight Support Derbyshire aims to have a minimum level of reserves of £250,000. In the event that reserves fall below this lower threshold, Sight Support Derbyshire will aim to restore the level of reserves over an agreed period. Should reserves exceed the upper threshold of £350,000 Sight Support Derbyshire will take action to reduce reserves over an agreed period.

c. Plans for future periods

Despite the financial pressures being felt by all charities we remain strong and determined to continue to provide quality services to the thousands of blind and visually impaired people who depend upon us. The impact that Covid has had on all services cannot be underestimated. However, we have continued to be able to adapt to different ways of working and to provide support to people across the county. As restrictions ease and we begin to return to more ‘normal’ ways of working, we know that there is a demand for more social interaction after so many people have been isolated. To that end, in the coming year we will be focusing on the following:

Sight Ed Limited

Sight Ed Limited is the wholly owned subsidiary trading company of Sight Support Derbyshire and has its own board of directors. The company has become dormant and has not traded since 1 April 2017.

Page 10

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Acknowledgments for 2021/22

We are always very grateful to any individual, company or organisation that donates money to our charity. Throughout the year we have numerous and generous donations and grants made, not all of which we can list here. Our thanks go to all of those who make a contribution, we would particularly like to thank:

Ancient Order of Foresters Lodge Arnold Clark Community Fund BBC Children in Need BBC Children in Need – Money Heroes Belvedere Trust Bradbury Foundation Chesterfield Royal Hospital Charitable Trust Derby City Council ARG Fund Derbyshire Clinical Commissioning Group Derbyshire County Council Garfield Weston Foundation H J Enthoven & Sons Newmedica Royal Derby Hospital Select Convenience Store, Derby Bus Station Sir John Sumner’s Trust St John the Evangelist Church, Derby The Boshier-Hinton Foundation The G F Charitable Trust The Kentown Wizard Foundation The Lubrizol Corporation The Pat Newman Memorial Trust Various other small grants and donations

We are also extremely grateful to those people who left us a legacy in their Will this year and to those who donated in memory of a loved one. Many of these gifts are left by people who have benefited directly from our services and would like other visually impaired people to be able to do the same.

Page 11

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

In so far as the Trustees are aware:

Auditor

The auditor, BHP LLP, has indicated their willingness to continue in office. The Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the Board of Trustees and signed on their behalf by:

Martin Wilson (Sep 29, 2022 13:47 GMT+1)

................................................ Mr M Wilson (Chair of Trustees) Date: Sep 29, 2022

Page 12

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

Opinion

We have audited the financial statements of Derbyshire Association of the Blind Limited (the 'charitable company') for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 13

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Trustees' report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the Trustees' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 14

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the sector in which it operates, and considered the risk of such regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the entity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 15

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED (CONTINUED)

To address the risk of fraud through management bias and override of controls, we

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Marshall (Sep 29, 2022 15:06 GMT+1)

Jane Marshall (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor 57-59 Saltergate Chesterfield Derbyshire S40 1UL

Date: Sep 29, 2022

Page 16

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
4
Charitable activities
8
Other trading activities
9
Investments
7
Other income
10
Total income
Expenditure on:
Raising funds
11
Charitable activities
12
Total expenditure
Net income/ (expenditure)
Transfers between funds
26
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
264,668
358,875
-
-
2,848
626,391
-
475,389
475,389
151,002
(129,194)
21,808
37,026
21,808
58,834		 Unrestricted
funds
2022
£
33,004
2,993
7,373
1,493
111
44,974
39,679
53,510
93,189
(48,215)
129,194
80,979
654,598
80,979
735,577		 Total
funds
2022
£
297,672
361,868
7,373
1,493
2,959
671,365
39,679
528,899
568,578
102,787
-
102,787
691,624
102,787
794,411		 Total
funds
2021
£
247,832
303,649
8,598
2,466
32,934
595,479
56,716
486,092
542,808
52,671
-
52,671
638,953
52,671
691,624

The Statement of Financial Activities includes all gains and losses recognised in the year.

Page 17

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 03920526

BALANCE SHEET

AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
20
Investments
21
Current assets
Stocks
22
Debtors
23
Cash at bank and in hand
Creditors: amounts falling due within one year
24
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
26
Unrestricted funds
26
Total funds		 2,538
44,517
445,448
492,503
(95,192)		 2022
£
392,000
5,100
397,100
397,311
794,411
794,411
58,834
735,577
794,411		 3,417
41,939
721,892
767,248
(81,070)		 2021
£
346
5,100
5,446
686,178
691,624
691,624
37,026
654,598
691,624

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Martin Wilson (Sep 29, 2022 13:47 GMT+1) ................................................

Mr M Wilson

(Chair of Trustees) Date: Sep 29, 2022

The notes on pages 20 to 44 form part of these financial statements.

Page 18

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Net cash provided by operating activities
28
Cash flows from investing activities
Interest from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
29		 2022
£
114,063
1,493
(392,000)
(390,507)
(276,444)
721,892
445,448		 2021
£
68,548
2,466
-
2,466
71,014
650,878
721,892

Page 19

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1. General information

The charity is a company limited by guarantee. The members of the company are the Trustees named within legal and administrative information. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Derbyshire Association of the Blind Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2 Going concern

The Trustees have prepared forecasts of income and expenditure and cash flow for a period of 12 months from approval of these financial statements which show that they will be able to operate within the facilities available to them. Therefore, the Trustees believe that it is appropriate to prepare the accounts on a going concern basis.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 20

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.3 Income (continued)

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the report of the Trustees’.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Income relating to the Coronavirus Job Retention Scheme is recognised in the period for which the funding is claimed.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 21

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 1% straight line
Mobile resource unit - 20% straight line
Office equipment - 25% straight line
Computer equipment - 33% straight line

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘gains/(losses) on investments’ in the Statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 22

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

2.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Operating leases

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the lease term.

2.13 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 23

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.15 Employee benefits

When employees have rendered service to the charity, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2.16 Redundancy payments

Redundancy benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The charity recognises redundancy benefits when it is committed to terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Support costs allocation - support costs are allocated to activities based on the percentage of direct costs relating to each activity. Support costs are only allocated to restricted funds where the conditions of the funding allows.

Page 24

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

4. Income from donations and legacies

Donations (note 5)
Legacies
Grants (note 6)
Total 2021
5.
Donations
Individuals
Organisations
In memory		 Restricted
funds
2022
£
120,374
-
144,294
264,668
113,833		 Unrestricted
funds
2022
£
29,254
-
3,750
33,004
133,999		 Total
funds
2022
£
149,628
-
148,044
297,672
247,832
2022
£
23,134
123,494
3,000
149,628		 Total
funds
2021
£
20,027
24,618
203,187
247,832
2021
£
15,732
1,100
3,195
20,027

Page 25

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

6. Grants

BBC Children in Need
BBC Children in Need Covid-19 2020 Booster Programme
BBC Children in Need - Money Heroes
Chesterfield Royal Hospital Charitable Trust
Derby City Council ID:BLG219941
Derby City Council ARG Fund
Derby Royal Hospital
Derbyshire CCGs
Garfield Weston Foundation
Independent Age
Kathleen Beryl Sleigh Charitable Trust
Kentown Wizard
National Lottery Community Fund Project ID:0010366775
Neky Foundation
St John's Summer Trust
Tesco Bags of Help COVID-19 Communities Fund
The Arnold Clark Charitable Trust
The Belvedere Charitable Trust
The Boshier-Hinton Foundation
The Coronavirus Community Support Fund- The National Lottery Community Fund
The Gledswood Charitable Trust
The Lynn Foundation
The G F Charitable Trust
The Guy Charitable Foundation
The Julia & Hans Rausing Trust Charity Survival Fund
The Manson Family Charitable Trust
The Molly Forster Charitable Trust
The N. Smith Charitable Settlement
The Pat Newman Memorial Trust
The Red Socks Charitable Trust
The Rest-Harrow Trust
The Sobell Foundation
Various other grants		 2022
£
7,970
-
1,000
8,469
-
49,430
15,000
35,980
20,000
-
-
900
-
-
250
-
1,000
1,000
545
-
-
-
500
-
-
-
-
-
1,000
-
-
-
5,000
148,044		 2021
£
3,571
2,870
-
33,876
10,000
-
15,000
35,000
2,500
12,800
2,000
-
15,015
1,000
-
500
-
-
-
10,000
1,000
500
-
1,000
38,955
500
1,000
500
-
500
100
5,000
10,000
203,187

Page 26

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

7. Investment income

Interest receivable
Total 2021		 Unrestricted
funds
2022
£
1,493
2,466		 Total
funds
2022
£
1,493
2,466		 Total
funds
2021
£
2,466

8. Income from charitable activities

Social events
Statutory contracts
Sale of goods
Total 2022
Total 2021		 Restricted
funds
2022
£
736
358,139
-
358,875
302,209		 Unrestricted
funds
2022
£
-
-
2,993
2,993
1,440		 Total
funds
2022
£
736
358,139
2,993
361,868
303,649		 Total
funds
2021
£
-
302,209
1,440
303,649

Page 27

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

9. Income from other trading activities

Income from fundraising events

Fundraising activities
Total 2021
Other incoming resources
Profit on disposal
HMRC - CJRS Furlough claims
Miscellaneous receipts
Total 2021		 Restricted
funds
2022
£
-
2,848
-
2,848
10,785		 Unrestricted
funds
2022
£
7,373
8,598
Unrestricted
funds
2022
£
-
111
-
111
22,149		 Total
funds
2022
£
7,373
8,598
Total
funds
2022
£
-
2,959
-
2,959
32,934		 Total
funds
2021
£
8,598
Total
funds
2021
£
3,751
28,971
212
32,934

10. Other incoming resources

Page 28

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

11. Expenditure on raising funds

Fundraising trading expenses

Fundraising costs
Fundraising trading costs
Fundraising costs - wages and salaries
Fundraising support costs
Total 2021		 Unrestricted
funds
2022
£
2,779
1,394
26,399
9,107
39,679
56,716		 Total
funds
2022
£
2,779
1,394
26,399
9,107
39,679
56,716		 Total
funds
2021
£
3,166
632
38,905
14,013
56,716

12. Analysis of expenditure on charitable activities

Summary by fund type

Resource centres
Statutory contracts (note 14)
Activities (note 15)
Moving costs funded by Derby City Council
Total 2021		 Restricted
funds
2022
£
7,404
356,720
74,693
36,572
475,389
433,244		 Unrestricted
funds
2022
£
2,205
49,214
2,091
-
53,510
52,848		 Total
funds
2022
£
9,609
405,934
76,784
36,572
528,899
486,092		 Total
funds
2021
£
9,016
347,870
129,206
-
486,092

Page 29

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

13. Analysis of expenditure by activities

Resource centres
Statutory contracts (note 14)
Activities (note 15)
Moving costs funded by Derby City Council
Total 2021		 Activities
undertaken
directly
2022
£
7,404
312,769
59,162
36,572
415,907
365,989		 Support costs
2022
£
2,205
93,165
17,622
-
112,992
120,103		 Total
funds
2022
£
9,609
405,934
76,784
36,572
528,899
486,092		 Total
funds
2021
£
9,016
347,870
129,206
-
486,092

14. Statutory contracts

VIP Derbyshire County Services
Low vision service
Calow Hospital Contract		 2022
£
277,466
105,471
22,997
405,934		 2021
£
267,942
79,928
-
347,870

Page 30

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

15. Activities

Hospital services
Living well at home project
NE Derbys Self Funded Services pilot
Youth support and schools
Sports, social and leisure		 2022
£
30,109
32,710
-
13,965
-
76,784		 2021
£
56,635
32,183
18,363
16,684
5,341
129,206

16. Support costs

Raising
funds		 Resource
centres		 Statutory
contracts		 Activities Total
funds		 Total
funds
2022 2022 2022 2022 2022 2021
£ £ £ £ £ £
Staff costs 5,459 1,322 55,842 10,562 73,185 86,107
Governance costs 647 156 6,619 1,253 8,675 8,068
Other support costs 3,001 727 30,704 5,807 40,239 39,941
Total 2022 9,107 2,205 93,165 17,622 122,099 134,116
Total 2021 14,013 2,228 85,951 31,924 134,116

17. Auditor's remuneration

Fees payable to the charity's auditor for the audit of the charity's annual accounts

2022 2021
£ £
8,675 8,099

Page 31

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

18. Staff costs

Wages and Salaries
Social security costs
Pension Costs		 2022
£
335,126
17,462
11,237
363,825		 2021
£
377,840
17,415
13,651
408,906

The average number of persons employed by the charity during the year was as follows:

Charitable activities
Fundraising
Management and administration		 2022
No.
14
2
4
20		 2021
No.
18
2
4
24

No employee received remuneration amounting to more than £60,000 in either year.

The Trustees neither received nor waived any emoluments during the year (2021 – £nil).

During the year, three Trustees received expenses in relation to their roles as volunteers totalling £454 (2021: £46, two Trustees).

The total amount of employee benefits received by key management personnel including Employers NI and Pension is £119,958 (2021: £136,515). The key management personnel are deemed to be the senior leadership team.

Page 32

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19. Pension costs

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

The amount of outstanding pension contributions at the year end was £nil (2021 – £nil).

Defined contribution

Contributions payable by the charity for the year 2022
£
11,237
11,237		 2021
£
13,651
13,651

20. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
property
Mobile resource
unit
£
£
-
8,340
392,000
-
-
-
392,000
8,340
-
8,340
-
-
-
-
-
8,340
392,000
-
-
-		 Office &
computer
equipment
£
26,003
-
(113)
25,890
25,657
346
(113)
25,890
-
346		 Total
£
34,343
392,000
(113)
426,230
33,997
346
(113)
34,230
392,000
346

Page 33

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

21. Fixed asset investments

Investments in
subsidiary
companies
£
Cost or valuation
At 1 April 2021
100
At 31 March 2022
100
Net book value
At 31 March 2022
100
At 31 March 2021
100
Principal subsidiaries
The following was a subsidiary undertaking of the charity:
Name
Company
number
Principal activity
Sight Ed Limited
07427771
Dormant
The subsidiary had nil net assets at the year end (2021: £nil)
Stocks
Goods for resale		 National
Savings bonds
£
5,000
5,000
5,000
5,000
Class of
shares
Ordinary
2022
£
2,538		 Total
£
5,100
5,100
5,100
5,100
Holding
100%
2021
£
3,417

22. Stocks

Page 34

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

23. Debtors

Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
23,094
1,955
19,468
44,517		 2021
£
10,526
8,816
22,597
41,939

24. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods		 2022
£
16,481
18,841
1,559
58,311
95,192
2022
£
37,822
25,098
(16,397)
46,523		 2021
£
17,372
16,316
144
47,238
81,070
2021
£
31,333
26,013
(19,524)
37,822

Deferred income relates to grant income received in advance of the period for which it relates.

Page 35

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

25. Operating lease commitments

At 31 March 2022 the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
4,788
7,750
12,538		 2021
£
10,103
-
10,103

Lease commitments relating to land and buildings within 1 year totalled £4,650 (2021: £10,092), later than 1 year totalled £7,750 (2021: £nil). Lease commitments relating to office equipment within 1 year totalled £138 (2021: £12).

Lease payments recognised as an expense in the year totalled £26,413 (2021: £34,650).

Page 36

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

26. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Fixed asset fund
Premises fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Resource centre
Sports, social and leisure
Living well at home project
Hospital services North & South
Children's & Young People's
Services
Derbyshire County services
contract
Derbys County Rehab Equipment
Low Vision Services
Derbys County services b/f for
Begin IT
Income for capital project
Income for moving office (to City
centre) costs
Legacy Income
Grant for Coin Counter		 Balance at 1
April 2021
£
346
302,647
302,993
351,605
654,598
-
900
11,809
16,201
1,209
-
-
32
2,468
-
-
3,836
571		 Income
£
-
-
-
44,974
44,974
-
-
35,980
54,679
12,455
228,491
15,668
89,688
-
140,000
49,430
-
-		 Expenditure
£
-
-
-
(93,189)
(93,189)
(7,404)
-
(32,453)
(49,097)
(12,583)
(226,166)
(15,668)
(93,122)
(1,753)
-
(36,572)
-
(571)		 Transfers
in/out
£
391,654
(302,647)
89,007
40,187
129,194
7,404
-
-
-
-
-
-
3,402
-
(140,000)
-
-
-		 Balance at 31
March 2022
£
392,000
-
392,000
343,577
735,577
-
900
15,336
21,783
1,081
2,325
-
-
715
-
12,858
3,836
-

Page 37

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

26. Statement of funds (continued)

Statement of funds - current year (continued)

Total of funds Balance at 1
April 2021
£
37,026
691,624		 Income
£
626,391
671,365		 Expenditure
£
(475,389)
(568,578)		 Transfers
in/out
£
(129,194)
-		 Balance at 31
March 2022
£
58,834
794,411

Page 38

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

26. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Fixed asset fund
Premises fund
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Big Lottery NE Derbyshire
Sports, social and leisure
Living well at home project
Hospital services North & South
Children's & Young People's
Services
Derbyshire County services
contract
Derbys County Rehab Equipment
Low Vision Services
Legacy income
Grants for Coin Counter
Resource Centre Chesterfield		 Balance at
1 April 2020
£
2,183
252,080
254,263
350,100
604,363
204
1,996
11,815
12,989
2,619
-
-
-
3,836
1,131
-
34,590		 Income
£
-
-
-
168,652
168,652
15,015
1,586
35,000
56,376
12,725
223,736
10,319
72,070
-
-
-
426,827		 Expenditure
£
-
-
-
(109,564)
(109,564)
(15,219)
(4,747)
(35,006)
(53,164)
(14,135)
(221,268)
(10,319)
(72,038)
-
(560)
(6,788)
(433,244)		 Transfers
in/out
£
(1,837)
50,567
48,730
(57,583)
(8,853)
-
2,065
-
-
-
-
-
-
-
-
6,788
8,853		 Balance at
31 March
2021
£
346
302,647
302,993
351,605
654,598
-
900
11,809
16,201
1,209
2,468
-
32
3,836
571
-
37,026

Page 39

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

26. Statement of funds (continued)

Total of funds 638,953 595,479 (542,808) - 691,624

26. Statement of funds (continued)

The general reserve represents the free funds of the charity which are not designated for particular purposes.

The fixed asset designated fund was established to assist in identifying those funds that are not free funds and represents the net book value of tangible fixed assets. The balance on the designated fund is reviewed by the Trustees at the year end and adjusted by a transfer to the general reserve for the depreciation charge in the year, after taking into account additions and disposals.

The premises designated fund relates to the excess of free reserves over the upper threshold which the Trustees have made the decision to designate towards the purchase of a property. This fund was released in the year following the purchase.

Transfers are made from unrestricted funds to cover any restricted funds in deficit. Where funds have ended and underspend will not be clawed back from the funder, a transfer is made to unrestricted funds.

During the year a transfer of £140,000 was made from the capital project restricted fund to the fixed asset designated fund as these monies were used to fund the property purchase within the year.

The purposes of the restricted funds are as follows:

Sports, social and leisure services

This provides sports and leisure services for visually impaired people. Main groups run in Derby and surrounding areas including Matlock and Long Eaton. Groups include swimming and bowling as well as trips out. Due to Covid face to face groups were postponed indefinitely and telephone conferencing activities developed for some service users.

Living well - Health at home

People with sight loss often become socially isolated or need support coming to terms with their eye condition. This service provides a six session intervention to people who have sight loss and live with a secondary health condition. It aims to improve confidence, maintain independence and reduce reliance on NHS services. Service delivery changed over the year as home visits were stopped and more assessment and delivery was done remotely by phone. Well-being newsletters were also developed and posted out in accessible formats to service users.

Page 40

(A company limited by guarantee)

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

26. Statement of funds (continued)

Hospital services

Staff and volunteers are present in all Derbyshire hospitals where registration of sight loss takes place. The service provides practical help, information and emotional support to patients in the eye clinic and their family and friends. The northern hospitals; Chesterfield Royal Hospital, Buxton Cavendish and Whitworth are funded by Chesterfield Royal Hospital Charitable Trust. The southern hospitals; Royal Derby Hospital and Ripley and Ilkeston Hospitals are partly funded by Royal Derby Hospital.

Children’s and young people’s services

Over the year the service moved ‘on-line’ and group activities were held remotely. I.T. equipment, funded from a Children in Need grant allowed us to set up and deliver this service and response from children and their families was very positive. Other aspects of these services were postponed due to access to activities being stopped – e.g. children’s one to one swimming support.

Derbyshire County services contract rehabilitation

These services are commissioned by Derbyshire County Council and are provided by suitably qualified Rehabilitation Workers at Sight Support Derbyshire. Rehabilitation Workers visit visually impaired people in their own homes and work out an individual plan focusing on mobility, independent living and communication. Our Rehab Workers also refer into other SSD services to ensure that people are getting the right support at the right time. Working with the Council a new ‘Covid safe’ model of delivery was agreed with assessment and signposting done remotely. Some doorstep deliveries took place and during periods of the year where Covid Lockdowns were relaxed, some outdoor mobility sessions also took place.

Derbyshire County Rehab Equipment

This income was specifically given for the purchase of rehabilitation equipment.

Low vision services

The Low Vision Aid Scheme is funded by the Derbyshire CCGs and supplies equipment such as magnifiers, lamps and shaded spectacles to enable visually impaired people to maximise the use of residual vision. The service is free of charge to users and SSD works alongside optometrists to assess clients in their own homes and to supply equipment. This service was changed to a remote assessment with service users and delivery of equipment mainly by post, with follow up support where needed.

Income for capital project

This was a capital grant to help with the purchase of our Derby Office.

Income for moving office

This was a grant we applied for to help with the office relocation in Derby.

Legacy income

This legacy income was specifically given for the purchase of low vision equipment.

Page 41

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Grant for Coin Counter

This is a capital grant for the purchase of a cash counting machine, which is being depreciated each year - 2021.22 will be the last year of depreciation.

Resource centres and help desk

These services provide information on many aspects relating to sight loss to visually impaired people and their family and friends. The resource centre enables people to try out and buy daily living aids to enable them to do basic day to day activities. The service is part financed by Derbyshire County Council alongside our charitable income.

National Lottery Community Fund ID : 0010366775 (1 year to 30/11/2020)

This was a one-year project to scope the potential for developing ‘paid for’ services in North East Derbyshire. With the onset of the Covid pandemic, it was agreed with the National Lottery Community Fund that the grant would be used for delivering telephone support and signposting to identified vulnerable people in the area.

27. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
£
-
-
58,834
-
58,834		 Unrestricted
funds
2022
£
392,000
5,100
433,669
(95,192)
735,577		 Total
funds
2022
£
392,000
5,100
492,503
(95,192)
794,411

Page 42

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

27. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
-
-
37,026
-
37,026		 Unrestricted
funds
2021
£
346
5,100
730,222
(81,070)
654,598		 Total
funds
2021
£
346
5,100
767,248
(81,070)
691,624

28. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest from investments
Decrease in stocks
(Increase)/ decrease in debtors
Increase in creditors
Net cash provided by operating activities
29.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2022
£
102,787
346
(1,493)
879
(2,577)
14,121
114,063
2022
£
445,448
445,448		 2021
£
52,671
1,837
(2,466)
4
13,286
3,216
68,548
2021
£
721,892
721,892

Page 43

DERBYSHIRE ASSOCIATION OF THE BLIND LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

30. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2021
£
721,892
721,892		 Cash flows
£
(276,444)
(276,444)		 At 31 March
2022
£
445,448
445,448

31. Related party transactions

The charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2022 (2021: none).

Page 44

Derbyshire Association of the Blind Limited Sight Support Derbyshire Patron: The Duke of Devonshire KCVO, CBE, DL BHP LLP, Chartered Accountants 57-59 Saltergate Chesterfield Derbyshire S40 IUL Dear Sirs We confirm to the best of our knowledge and belief that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience land, where appropriate. of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you in connection with your audit of the charity's financial statements for the year ended 31 March 2022. General We have fulfilled our responsibilities as directors/trustees as set out in the terms of your engagement dated 17 August 2020, and under the Companies Act 2006 for the financial statement5 which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including rninutes of management and trustee meetings and correspondence with The Charity Commission, have been made available to you. The financlal statements are free of material misstatements, including omissions. We believe that the effect of uncorrected misstatements {as set out In the audit findings report) 15 immaterial both individually and in total. Internal control and fraud We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as result of fraud. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. We have a150 disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entitvs financial statements communlcated by current or former employees, analysis, regulators or others. Sight Support Derbyshire, 2a Wentworth House, Vernon Gate, Derby, DE11 UR 01332 292 262 www.sightsupportderbyshire.org.uk Reg charity.. 1080986 Company reg= 3920526 VAT.. 716 7809 10 Registered in England and Wales

Assets and liabllities 5 The company has satisfactory title to all assets and there are no liens or encumbrance5 on the charity's assets, except for those that are disclosed in the notes to the financial statements. 6 We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have di5tlosed In the notes to the financial statements all guarantees that we have given to third partles. 7 We have no plans or intentions that may materlally alter the carryin8 value orclassif itatlon of assets and liabilities reflected in the financial statements. Accounting estlmates 8 Significant assumptions used by us in maklng accounting estimates, including those measured at fair value, are reasonable. Legal clalms We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements. Law and regulations 10 We have disclosed to you all known instances of non-compliance or suspected non- compliance with laws and regulations whose affects should be considered when preparing the flnancial statements. Related partles 11 Related party relationships and transactlons have been appropriately accounted for and disclosed in the financial statements, We have disclosed to you all relevant information concerning such relationship5 and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements, Subsequent events 12 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and dlsclosed. Going concern 13 We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate forthe charl￿5 needs. We have considered a period oftwelve monthsfrom the date of approval of the financial statements. We believe that no further disclosures relating to the charitvs ability to continue as a going concern need to be made in the financial statement5.

Martin Wilson (Sep 29, 2022 13:47 GMT+1)

Sep 29, 2022

Advisory | Assurance | Corporate Finance | Tax

Appendix 1 – Profit reconciliation

We set out below the identified audit misstatements that have been adjusted in the financial statements, and show a reconciliation between the surplus/(deficit) per the trial balance/management accounts provided at theplanning stage and that reported in the financial statements.

Total
£
Surplus per trial balance 102,792
Rounding (5)
Surplus per the draft financial statements 102,787

Claire Winfield Claire Winfield (Sep 29, 2022 13:51 GMT+1) On behalf of the board, I hereby approve the adjustments summarised above:

Name: Claire Winfield Position :

9

Derbyshire Association of the Blind 2022

Final Audit Report 2022-09-29

Created: 2022-09-29 By: Jade Boam (jade.boam@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAABzC_EV1SKiAdwq05eDr2qOhbNT8uMvB5

"Derbyshire Association of the Blind 2022" History

Document created by Jade Boam (jade.boam@bhp.co.uk)

2022-09-29 - 11:46:27 AM GMT

Document emailed to gamjwilson@btinternet.com for signature

2022-09-29 - 11:49:51 AM GMT

Email viewed by gamjwilson@btinternet.com

2022-09-29 - 12:45:06 PM GMT

Signer gamjwilson@btinternet.com entered name at signing as Martin Wilson 2022-09-29 - 12:47:34 PM GMT

Document e-signed by Martin Wilson (gamjwilson@btinternet.com)

Signature Date: 2022-09-29 - 12:47:36 PM GMT - Time Source: server

Document emailed to claire.winfield@sightsupportderbyshire.org.uk for signature 2022-09-29 - 12:47:38 PM GMT

Email viewed by claire.winfield@sightsupportderbyshire.org.uk 2022-09-29 - 12:50:31 PM GMT

Signer claire.winfield@sightsupportderbyshire.org.uk entered name at signing as Claire Winfield 2022-09-29 - 12:51:11 PM GMT

Document e-signed by Claire Winfield (claire.winfield@sightsupportderbyshire.org.uk) Signature Date: 2022-09-29 - 12:51:12 PM GMT - Time Source: server

Document emailed to Jane Marshall (jane.marshall@bhp.co.uk) for signature 2022-09-29 - 12:51:14 PM GMT

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Agreement completed.

2022-09-29 - 2:06:01 PM GMT