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2021-03-31-accounts

Company Number 4228432

THE WILBERFORCE TRUST

A company limited by guarantee and a registered charity number 1087065

ANNUAL REPORT AND FINANCIAL STATEMENTS

for the year ended 31 March 2021

HPH Chartered Accountants

54 Bootham York YO30 7XZ

THE WILBERFORCE TRUST

CONTENTS

Page
Directors' and Trustees' Annual Report 1 - 9
Independent Auditor's Report 10 - 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Financial Statements 16 - 26

THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Directors (who are also the Trustees of the Charity and whose details are shown in the legal and administrative information section of this report) are pleased to present their Annual Report together with the Financial Statements of the Charity for the year ended 31 March 2021.

The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective 1 January 2019).

The Charity is a Public Benefit Entity.

LEGAL & ADMINISTRATIVE INFORMATION

CONSTITUTION

The Wilberforce Trust is a company limited by guarantee and a Registered Charity governed by its Memorandum and Articles of Association. The date of incorporation was 4[th] June 2001.

GOVERNANCE OF OTHER CHARITIES

Under an order from the Charity Commissioners dated 22[nd] August 2002 the Wilberforce Trust is the Trustee for the Wilberforce Home for the Blind. This fund is included in the financial statements of the Charity and is now fully incorporated into the Permanent Endowment Fund following the Charity Commissioners decision effective 4[th] March 2005.

DIRECTORS AND TRUSTEES

The directors of the charitable company (“the charity”) are its Trustees for the purpose of the Charity Law and throughout this report are collectively referred to as the Trustees.

Colin Aspinall (Chairman), Charles Anelay, Stephen Cluderay, Simon Cowell, Helen Duffy, Eammon Dunne, Keith Goodey, Susan Hawksworth, Keith Larcum, Anne Mwangi, Abbie Robinson.

PATRON Dame Judi Dench. COMPANY SECRETARY/ CHIEF EXECUTIVE Philippa A Crowther COMPANY NUMBER 4228432 CHARITY NUMBER 1087065 PRINCIPAL OFFICE Unit G12 IT Centre Innovations Way Heslington York YO10 5NP BANKERS Barclays Bank plc Parliament Street York YO1 1XD INVESTMENT ADVISERS Julius Baer The Platform New Station Street Leeds LS1 4JB AUDITORS HPH Chartered Accountants 54 Bootham York YO30 7XZ SOLICITORS Harland & Co 18 St Saviourgate YORK YO1 8NP

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES OF THE CHARITY

The Charity’s objectives are:

VISION

THE TRUSTS VISION is to see a world in which people with sight & sensory loss including those with other disabilities, are truly integrated in society with equal opportunities in all aspects of life, and to know that our passion and commitment have been influential in bringing this about.

MISSION

THE TRUST MISSION is to be a leading provider of high- quality accommodation, professional support, care, specialist equipment, information, and guidance to people with sight and sensory loss including those with other disabilities. To encourage and facilitate the development of services on a local, regional, and national basis by being a model of good practice. Our aim is to do this in a way which gives people choices and enhances the quality of life of those with whom we work.

STATEMENT OF PURPOSE

Empowering all people, with sight and hearing impairment including those with other disabilities to gain confidence and independence by:

Housing

Providing a safe supportive enabling environment for people with sight and hearing impairment including those with other disabilities to live with confidence and as independently as they are able. We will do this by ensuring the highest standard of accommodation with technological advancements and practical enabling facilities and equipment.

Support

Championing, pushing boundaries and delivering ambitious support programmes and services with and for people with sight and hearing impairment including those with other disabilities, by ensuring they have the opportunities and environments to realise and achieve their goals. We will do this with professional highly trained support teams. We will champion activities for learning, fun and inclusion for families and children.

OUR PUBLIC BENEFIT

Empowering people

We are committed to helping those who have visual / hearing impairment including those with other disabilities to gain confidence and as much independence as they are able. Opening opportunities and encouraging people to achieve the aspirations they have for themselves and others.

Contributing to our society

We contribute to the York economy by providing jobs for 100+ people and committed to improving people’s knowledge of the care needs of disabled people through training and education. We have an equal opportunities policy for employment. Any surplus funds are invested back into providing services and activities to support our purpose, so we can help people at different times of their life to get the support they need at that time. We work to be a model of good practice to facilitate the development of services on a local, regional, and national basis.

Customer needs

Whilst working with Healthcare and Local Authority agencies to deliver statutory services we enhance these by addressing people’s needs that are not being met within those agencies to meet the many needs of customers. This includes practical and emotional support for adults, children, families, and supporters. Helping to maintain an independent fulfilled life as much as possible. Having an ability to reach those people who require a holistic approach to their needs. Showing added value to partnership contracts.

The Environment

Sustainability of our environment is important to us. We are taking steps to minimise our carbon footprint and increasing our recycling and waste management overall.

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE GOVERNANCE AND MANAGEMENT

The names of the current Trustees are listed. The organisation is a not-for-profit charity and any surplus generated is used for the objectives of the charity. No Trustee is appointed to any office of the charity paid by salary or fees or receive any renumeration or other benefit in money.

The Charity has a Chief Executive, Finance Director and Operations Director. The service managers run the day- to- day operations, including business support areas in Finance, HR, Fundraising, Property and IT, Housing, Care, Compliance and Training, and other services under the YORSENSORY banner i.e., rehabilitation, technology and equipment for disabled users, and other activities for

learning and fun for adults and children supported by services personnel. The organisation has a fundraising department and a volunteer department.

The Chairman meets the Chief Executive monthly, to review the operations and financial position of the Charity.

The Board of Trustees’ meet as a full board quarterly.

Three subcommittees meet on a quarterly basis and report and make recommendations to the full Board of Trustees meeting.

Sub-committees:

Composition:

A quorum of at least two or three Trustees is required for Sub-committees

A quorum of not less than four Trustees is required for a Trustee Board Meeting.

Chairman and Trustees Plus: CEO and FD/OD. By invitation: External auditors, Investment Advisors

We have a Trustee who represents and reports on the interest of Tenants.

SELECTION, RECRUITMENT, AND INDUCTION OF NEW TRUSTEES

Trustees have developed a list of skills/experience they would like to have represented on the Trustee Boards and Sub-committees.

When a vacancy occurs or is due to occur, Trustees seek through differing media, to identify potential recruits who will fill any skills deficit deemed to exist.

At present Trustees are carefully selected by application from advertising, a recruitment section on the website and recommendation. They are asked to formally apply with a CV or career synopsis, formally interviewed by the Chief Executive and a second interview by the Chairman and Deputy Chairman or another Trustee. Candidates are assessed as to their suitability to act as a Trustee, whilst the organisation carries out the required checks. If the candidate is deemed suitable the Chairman will invite the candidate to attend a Board meeting to act as an observer, following the candidate’s expression of a willingness to wish to sit as a Trustee, the Chairman will formally propose them to the full board meeting to approve. On this approval they will then be invited to join the Board of Trustees and will be formally accepted at the following AGM.

Trustees may co-opt members for specific duties and periods onto the board, where full appointment as a Trustee is not appropriate.

New Trustees are offered induction, governance, risk, health & safety training, and further ongoing training in respect of their role. Certain training is given as mandatory in finance, governance, compliance, health and safety, fire and data protection and fundraising principles for charities. This also includes access to relevant papers and reports. Visits to Wilberforce Trust premises and services are mandatory, introductions to Trust staff and service users, and meetings with the Trust Chairman and Chief Executive. A Trustee pack is given to all new Trustees, including all charity commission information, declaration of conflict and governance documentation. All Trustees, Executives and staff are DBS checked and only take up duties after clearance.

All Trustees are annually appraised, following the recommendations and guidance for Trustee appraisal.

INVESTMENT POLICY

Julius Baer manages the Trusts Investment portfolio and act as our Investment Advisers.

The Trust’s investment aims are:

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees policy therefore is, on the advice of the Trust’s Investment Managers, to invest in an appropriate mix of real assets, i.e., equities, fixed interest, and monetary assets to achieve these aims. The Trustees avoid investing the fund in ways they believe would counter the Charity’s work. They work with their fund manager on the investment policy and review this regularly. The investment managers are required to present their reports bi–annually in order that the Trustees’ can monitor performance.

RESERVES POLICY

The Trustees continue to believe that a free reserve (i.e., excluding the Permanent Endowment) equivalent to two years cover of the Charity’s overhead provides adequate security for the Trust, protects its staff and the time it takes to rehouse and resettle tenants and care teams. This currently implies a reserve of approximately £0.75m.

AUDITORS

Following review, HPH Auditors have expressed to remain as The Wilberforce Trust auditors.

RISK MANAGEMENT POLICY

The potential risks faced by the Trust have been evaluated across the Charity by the Trustees and formally recorded. A risk register and conflict of interest register are working documents held and administered on the Trust Compliance ‘Radar system’. It is formally reviewed at the Audit and Risk Committee bi-annually, highlighted to the Board of Trustees, (all of which have access to the Radar system), and data and actions approved at the AGM meeting each year, more frequently if it is deemed necessary. The appropriate systems and procedures have been put into place to avoid and mitigate risks together with our systems and procedures to avoid or mitigate them. These are formally reviewed by the Trustees.

RISK MANAGEMENT FRS102

The Trustees have a risk management strategy which comprises:

The Board of Trustees review the Charities current and planned future activities in the light of any major risks arising from time to time and the effectiveness of systems and procedures designed to manage them.

Our plans and strategies for managing risk included the formation of an Audit and Risk Committee in 2020, with regular reviews with the Finance and Personnel Committee, Compliance Committee and Board of Trustees. The introduction of a new computerised administration compliance and risk system, with training for all staff and Trustee’s overview training. Also maintaining effective internal controls, risk registers, compulsory safeguarding training and procedures, incident reporting, health & safety reporting. Fire safety audits in all premises and fire evacuation procedures and essential training. Appropriate Insurance cover.

We are externally audited annually by CQC, for regulatory care compliance and CHC, CYC and NYCC against quality standards for health and social care and our financial auditors HPH.

FUNDRAISING GOVERNANCE

The activities within fundraising and our fund-raising policies are scrutinised each year by The Board of Trustees. All activities are conducted by employees or volunteers and no external agencies are retained to carry our duties on our behalf. We use several fundraising IT platforms, ‘Just Giving, Virgin Money Giving, and Local Giving’. The Trust abides by the key principles & behaviours as set by the fundraising regulators in that we are legal, honest, open, and respectful in our fundraising practices. Risk assessments are carried out for all events, for example, age of collectors for bucket collections, raffle tickets abide by gambling law.

SAFEGUARDING

Strict processes and procedures are in place to manage safeguarding. As a provider of Adult and Social Care, our aim is to deliver the highest level of quality support, care, and safety. To do this we ensure that our staff are trained at a high- level including sight and hearing loss. Our processes and procedures must meet or exceed those standards as set down by section 20 regulations of the Health and Social care Act. Our aspiration is to be the best, safest, most effective provider. Where customers, families and carers feel confident to receive services from Wilberforce Trust.

Our Quality Assurance is designed within the CQC, CYC, NYCC frameworks to support, planning delivery and monitoring along with continuous improvement of all the support and care we provide. The Trust puts quality, safety, and our clients first in everything we do, and everything is measured and monitored against the standards as set down by external auditors, reviewed each quarter by the Compliance Committee.

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Message from the Chairman

Chairman’s statement 2020-2021

In a year of unprecedented challenges of a major pandemic it became my first year as Chairman of the Board of Trustees. I feel honoured that my fellow Trustees, who have a wealth of experience and knowledge from many different areas of commercial and charity sectors, are supporting me.

The exceptional leadership and skills of the executive team was tested over the last year like never before. They quickly adapted with speed and creativity to meet the needs of all our clients in all our differing services at the same time as ensuring their personal safety and that of our staff.

I cannot remember a time when the whole of the country was talking of PPE as we all were this last year. Social Care unfortunately became the ‘bridesmaid’ to the NHS, however with resourcefulness and dedication we secured regular supplies to all our staff to ensure COVID-19 did not take hold in any of our houses or services. We can only admire the staff who day in day out turned up to work to support the clients who depended on our support and care. They endured the wearing of full PPE with all the fears of a major pandemic sweeping through the care sector, used technology to connect to those in the community and delivered essential supplies and befriending at a distance when needed.

As Chairman of our Board of Trustees, I can only admire their work, dedication, and determination.

In all this, the management of a major build project for our new Wilberforce House continued to push ahead and whilst that faced different challenges, it continued to be built on budget with a slippage time for opening into early 2022.

The Board of Trustees is proud to have an outstanding team of people working to ensure the lives of the people we support are both happy and fulfilled. We are exceptionally grateful to Philippa Crowther our CEO who has led a resilient team to deliver the services and support, albeit in many differing ways than anticipated in ‘normal’ times and kept the Charity in a very positive position.

Looking forward to 2021-2022.

Colin Aspinall

Chairman to The Board of Trustees

Report of The Board of Trustees.

Today more than 2 million people are living with sight loss in the UK, of these around 350,000 are registered as blind and partially sighted. The estimated number of people with sight loss is likely to rise to over 4 million by 2050 (source RNIB).

Today more than 12 million people are affected with hearing loss greater than 25 dBHL across the UK, by 2035 this is estimated to rise to 14.2 Million (source RNID).

Wilberforce Trusts activities support the people of the York and North Yorkshire areas, who find themselves with sight and or hearing impairment including those with other disabilities

Wilberforce Trust has not escaped all the challenges of working through a pandemic, and we are saddened to report that over the period two of our tenants sadly died.

There is a reported rising number of people requiring support, The pressures put on the workforce in Adult and Social care has been widely reported throughout a year of a pandemic.

Affordable housing continues to be identified as a problem within York and the extra managed care schemes available mainly accommodate the elderly. There have been no specific housing schemes taking into consideration visual impairment with other disabilities and the Wilberforce Trust pushed on this year with its plans and actions of building the new Wilberforce House. 30 purposebuilt apartments with a living and learning centre.

Children’s activities for visually impaired children have not been available in York and are scarce across Yorkshire. Club Wilber was designed to specifically include activities for children with siblings and families and during the most difficult of years provided video fun and activities across and increasing number of children, siblings, and families.

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Our Yorsensory team continued to support the community by technology video assessments and calls, ensuring a befriending service daily. Adapting as need dictated in the community.

Whilst funding has been available in some part in emergency funds for Covid-19 the dip in fundraising was seen by Wilberforce Trust as was the case of most charities due to the nature of lockdown.

Engagement with the NHS was heightened during the pandemic. Wilberforce Trust stepped in to provide a community eye drops service. The clients and families previously able to do this for people prior to been in lockdown, now had to rely on the valuable NHS resource of community nursing, delivery this to friends and their family members. Wilberforce Trust were able to take over his service with trained support staff.

As part of the ongoing strategy, Wilberforce Trust Trustees and Executive have been working hard to adapt and provide meaningful services and have continued to push on this year with the new build and address the issues through determination to adapt to the situation as presented by the pandemic.

During this dreadful period of a pandemic, our differing service teams have worked to ensure safety of all our tenants and clients was centric to the organisation.

Wilberforce Trust at a Glance

The Trust continued with its strategic direction during a pandemic year, whilst adapting in the immediate, to the needs as presented for people with visual and hearing impairment including those with other disabilities. Wilberforce Trust is the largest local charity for visually and hearing-impaired people including those with other disabilities. For the past 188 years our team of experts has been working together to be an enabler for people living with sight loss and other disabilities. We support people to gain confidence and live as independently as they can and feel able to contribute positively to our communities and turn their own ambitions into reality. Whilst the last year has been one of major challenge, the Trust adapted to deliver much needed services whilst keeping its course for the future needs.

As a charity our income is invested into the delivery of our purpose, through day to day services. Introducing new and innovative aids and services to address areas where needs are not adequately met.

We put our customers at the heart of everything we do.

Our Services

Housing, Care and Support, Yorsensory Assessment and Rehabilitation, Advice and Guidance Centre, Technology and Equipment, Club Wilber Children’s Activities, Living and Learning Activities for Adults.

Covid-19

The environment we have been working in changed considerably due to Covid-19, the services and front-line support has been outstanding from the staff who endured working every day with full PPE to ensure safe consistent care. Wilberforce Trust adapted and adopted its business continuity plan very quickly and continues to meet the considerable challenges our organisation, and others supporting vulnerable adults and children have needed to do.

The Board of Trustees with the Executive continued embedding Covid-19 discussions within the Board meetings in the year, ensuring governance and any immediate actions needed, were taken and plans continued to be in place for all service users and staff on an ongoing basis.

Supplies and PPE continued to be measured and monitored throughout the year. Infection control procedures continued to be priority and front-line care staff only worked in a specific house to and did not cross work to any other house. The staff carried out all shifts between them often doing a safe amount of overtime, to eliminate the need to mitigate risk through minimal agency workers. The activities team continued to support service users with coordinated activities on-line with video networking.

The Headquarters staff all continued home working. Established video conference meetings and Management team meetings being held on a weekly basis. We were able to connect, share and deliver our overall objectives. Supporting people with their individual needs internally and externally was our prime priority, ensuring the safety for all.

The Yorsensory service had redesigned services for the community. PPE was available if someone needed a visit, and over the year these increased as and when lockdown eased slightly.

As the financial year ended it was clear that the lockdown would ease through the vaccination programme, which staff and tenants embarked upon. Covid-19 was going to be an ongoing challenge however Wilberforce Trust ended the year in a stable and wellprepared position for the oncoming year.

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

- CEO Report on 2020 2021 Progress on our Objectives

Customers

“We strive to support any person with sight or hearing loss including those with other disabilities and their families through all stages of their lives with meeting individual’s needs. We aim to improve upon our services and support we offer and reach as many people as we can”.

During a pandemic year we delivered over 150,000 hours of care to tenants in our supported living houses, working with Local Authorities and Continuing Healthcare. Through agreed working practices for the pandemic, with the City of York Council we continued to deliver, for the fifth year, community assessments and rehabilitation services to those, registered blind and partially sighted and through adapted services including advice, guidance, emotional support and technology and equipment demonstrations. Our outreach services could not take place. ‘The Club Wilber ‘programme supported by local business, expanded to other areas of Yorkshire through video zoom activities where children parents and families could enjoy activities together but afar. We partnered with many differing organisations to get services to people isolated during a pandemic.

Quality

“As we are a provider of Adult and Social care, our aim is to deliver the highest level of quality support and care and safety. To do this we ensure our staff are trained at a high-level including sight and hearing loss awareness and practical training. Our processes and procedures must meet or exceed those standards as set down by section 20 regulations of the Health and Social care Act. Our aspiration is to be the best, safest, most effective provider. A provider where, customers, families and carers feel confident to receive services from Wilberforce Trust. Our Quality Assurance is designed within the CQC, CYC, NYCC framework to support, planning delivery and monitoring along with continuous improvement of all support and care we provide. As a charity we put quality, safety, and our clients first in everything we do, and everything is measured and monitored against the following factors”:

PPE and infection control were the highest priority over the last year.

Safety – meeting the highest standards, safeguarding standards, having systems in place to avoid harm or abuse for any client. Effective – Providing evidence of peoples well-being. Having robust risk assessments with DOLS/MDA frameworks in place. Caring – Ensuring everyone has a personalised experience to meet their individual needs.

Responsive – Design of good care planning alongside our well-trained staff. Ensuring clients information is accessible and in a way they understand. We ensure complaints and compliments are handled positively and in a timely manner. We achieved a ‘good’ rating from the CQC, and this was due to the hard work of all the staff and compliance and care audit team.

Supported Independent Living

“The Houses over the year had essential maintenance where and when needed over the lockdown periods. Once the lockdown eased all planned preventative maintenance was reintroduced.

The new Wilberforce House building was on hold during the worst part of the pandemic until it was announced that building and construction community could recommence. Slight delays for this were incurred with other delays being a land issue on easements with neighbours. However, work to move to complete Wilberforce House is progressing. It is believed that the build will be completed late 2021/early 2022.

Health and Safety measures on all facilities of the Wilberforce Trust and reporting is delivered through the facilities team to the Quality Assurance Committee and subsequently to The Board of Trustees within an overall Governance Report.

Branding

The brand values have been embedded across all areas over the last year with website changes and merchandising and information leaflets, banners and colour palette now carrying the identifiable brand of Wilberforce Trust.

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THE WILBERFORCE TRUST

DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Our People

“Our success is dependent on our people’s skills, passion and commitment of our people. Our objective is to build an environment where everyone can thrive and be recognised for the role they perform for The Wilberforce Trust and its customers. We introduced our values award to ensure we recognise every individual for who and what they are achieving with and for our customers. We celebrate their achievements and look to find ways they can achieve their own goals and fulfil their own potential”.

This year was focused on keeping our staff safe and well supported. The office staff continued to embed conference and video meetings and the front-line staff never wavered from their duties and many went above and beyond normal duties.

We can report that no redundancies were deemed necessary or furloughing of staff.

The organisation made sure that all were recognised with a pay award above market rates and the health care scheme was extended into this and the coming year.

Volunteers

Our volunteers come in all guises from befrienders, gardeners, fundraisers, drivers, sensory session helpers, quiz masters, music maestros, pen pals and so many more. They are the quiet unseen heroes sometimes but never undervalued by us. We continue to welcome their expertise and help in everything they do for the people we and they support.

Financial Sustainability

“ A challenging year across Adult and Social care. As a charity all our income is invested back into delivering our purpose so we can help more people to achieve their goals and ambitions with a visual or hearing impairment. We look at ways to expand our ability to reach those who are in need and those in need of more than the statutory services can deliver. All services are scrutinised for a financial return or break even. We have a clear road map on cashflow and servicing of our debt through our banks.

Through tight controls operational cash flow was positive with good investment return. Major funders remain as City of York Council, North Yorkshire Council, Housing benefit agency, Continuing Healthcare. Negotiated rates for care, support and rents remain high on the agenda each year. Our concentration operationally has been reduction to voids and agency spend and the continued work to secure placements for the new build. Each year we look to enhance revenues through other services from the other departments. Return on investment in fundraising is measured each year.

We have had substantial grants for PPE and infection control from many sources’ these have been invaluable to support the organisation through the challenging times.

Financial compliance, fundraising compliance and GDPR are all measured and reported through the Finance and Personnel Committee and subsequently the Board of Trustees.

Fundraising

It would be remiss of me not to mention all the supporters and donors, who on a regular basis give through individual donations and supporting events and campaigns. Thanks goes to all of you who support us however small or large, everything makes a huge difference. The Charity will need to regroup and reinforce its strategy as fundraising has been exceptionally hard-hit during lockdown periods. Most activities had to close.

Equality, Diversity, and Inclusion

We embarked last year on reviewing our internal policies and procedures in all areas of the charity. It was a positive decision to commence work to create a diverse and positive change within our objectives, from Trustee, staff, and clients. Setting ourselves targets on our diversity from bottom up and top down including our Trustees. We need to continue with this work following a refocus after the major part of the pandemic.

Environmental Sustainability

“The Wilberforce trust takes environmental sustainability seriously from carbon emissions, global warming, landfill and climate change. We believe that there are things that we can do to ensure we play our part in this serious issue”.

As with all issues including environmental ones’ we encourage our people to put forward their ideas and comments on where we could improve.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

THE WILBERFORCE TRUST

OPINION

We have audited the financial statements of The Wilberforce Trust (the 'charitable company') for the year ended 31 March 2021, which comprise the Statement of Financial Activities and Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement 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 OF 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’/director's 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 directors with respect to going concern are described in the relevant sections of this report.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

THE WILBERFORCE TRUST

OTHER INFORMATION

The trustees/directors are responsible for the other information contained within the annual report. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon. 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 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.

OPINION 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 the 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 Trustees' report.

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

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the Trustees' responsibilities statement on page 9, the trustees 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.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

THE WILBERFORCE TRUST

AUDITOR'S 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 considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals along with complex transactions and manipulating the charitable company’s key performance indicators to meet targets. We discussed these risks with client management, designed audit procedures to test the timing of commercial revenue, tested a sample of journals to confirm they were appropriate and reviewed areas of judgement for indicators of management bias to address these risks.

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 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 the charitable company's members for our audit work, for this report, or for the opinions we have formed.

......................................

Sarah Wearing (Senior Statutory Auditor)

For and on behalf of HPH, Statutory Auditor

54 Bootham York YO30 7XZ

26 October 2021

12

THE WILBERFORCE TRUST

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Note
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
4
Other income
5
Expenditure on:
6 - 8
Raising funds
Charitable activities
Net gains/(losses) on investments
11
Transfers between funds
18 & 19
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income and net movement in funds before
gains/(losses) on investments
Net movement in funds
Net income/(expenditure)
Total
Total		 General
Designated
Fund
Funds
£
£
45,508
-
3,394,433
-
57,257
-
21,376
-
-
-
3,518,574
-
10,836
-
2,993,839
-
3,004,675
-
513,899
-
184,317
-
698,216
-
(2,526,128)
2,746,865
(1,827,912)
2,746,865
4,072,791
61,736
2,244,879
£
2,808,601
£
Unrestricted		 Restricted
Funds
£
401,868
-
-
-
-
401,868
-
43,868
43,868
358,000
-
358,000
(126,372)
231,628
33,306
264,934
£		 Permanent
Endowment
Funds
£
-
-
-
94,365
109,928
204,293
33,282
73,778
107,060
97,233
934,794
1,032,027
(94,365)
937,662
7,693,137
8,630,799
£		 Year ended
31 March
2021
£
447,376
3,394,433
57,257
115,741
109,928
4,124,735
44,118
3,111,485
3,155,603
969,132
1,119,111
2,088,243
-
2,088,243
11,860,970
13,949,213
£		 Year ended
31 March
2020
£
35,247
3,608,891
28,170
249,856
-
3,922,164
54,627
3,476,462
3,531,089
391,075
(549,404)
(158,329)
-
(158,329)
12,019,299
11,860,970
£

The notes on pages 16 to 26 form part of these financial statements.

13

Notc
2021 2l02O
T e
FXf,DASSETS
Tongible FixedAssets
lnveslrnents		 9ll 7,762,468
8,1921490		 4,540210
7,139238
15,954,958 tt,679,448
CURREIYTASSE-TS
Stock 6,221 5,81I
Debtors 12 r50,666 130,009
C6hatBsnkandinHand l3 1,086,993 46E,955
1,243,880 604,775
CRmITORS:l noun sfrllirgd t.
ryithirorcyatr l4 844,931 417,352
NET CUNRENT(LIABILITIBSY
ASSETS 398,949 187,423
TOTALASSETSLESS
CURRENTLIABILITMS r6,353,907 11,866,871
CRXDITORS:rdoultsfrllingdu.
rfteroncyerr l5 2"404,694 5,901
NETASSE'TS tt3.9492r3 fI1.850.970
RSPRESENTEDBY
UrestrictedFunds
Undesignaled -C*reralFrmd 2244,879 4,072,191
Desiglared
RestrictedFmds
EndowedFtmds		 l7
l8
l9		 2,808,601
264,934
r,630,799		 61,136
33,306
7,693,t37
FUNDS e8.949.213 fIt,860,970

THE WILBERFORCE TRUST STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities:
Net cash provided by operating activities
21
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Grants received for fixed assets
Proceeds from sales of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities:
Cash inflows from new borrowing
Net cash provided by financing activities
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period
Change in cash and cash equivalents in the reporting
period		 2021
£
350,383
115,741
606,443
(3,278,388)
358,000
2,713,965
(2,648,106)
(2,132,345)
2,400,000
2,400,000
618,038
468,955
1,086,993		 2020
£
531,152
249,856
-
(1,055,686)
-
8,052,676
(8,140,498)
(893,652)
-
-
(362,500)
831,455
468,955

Charity law requires separate administration of the cashflows of endowed and other restricted funds of the Charity. This constraint has not adversely affected cashflows as stated above.

The notes on pages 16 to 26 form part of these financial statements

15

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Legal entity

The Wilberforce Trust is regulated by the Charity Commission (1087065), limited by guarantee and is registered in England and Wales. The address of the registered office and principal place of business is Wilberforce House, 49 North Moor Road, Huntington, York, YO32 9QN.

Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The Trust constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in UK Sterling pounds (£).

Going Concern

As described in the Directors' and Trustees' Annual Report, special consideration has been given to COVID-19. The Trustees have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the charity is a going concern.

Income recognition

Income from service agreements is recognised when the Charitable Company has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Voluntary income and donations including legacies are included in incoming resources when they are receivable, except when donors specify that they must be used in future accounting periods or donors conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. The value of services provided by volunteers is not incorporated into the accounts.

Government grants

The government has made the Coronavirus Job Retention Scheme available to the charity which has been recognised as income using the accrual model.

Grant income is recognised when the conditions for receipt have been met and there is reasonable assurance that the grant will be received. It is then recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate, except where the grant is compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs in which case it is recognised as income in the period in which it becomes receivable.

Expenditure and irrecoverable VAT

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. All costs have been directly attributed to one of the functional categories of reserves expended in the Statement of Financial Activities.

Support costs are those incurred directly in support of the objects of the Charitable Company.

Governance costs are those associated with constitutional and statutory requirements.

Fundraising costs

Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the Charitable Company's work. This includes the cost of advertising for donations and the staging of special fundraising events.

Operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period they are incurred.

Pension costs

The Charitable Company operates a defined contribution pension scheme and the charge in the accounts for pension costs represents the actual amount of contributions made by the employer to the pension scheme.

Fixed Assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost/revaluation on a straight line basis over their expected useful economic lives as follows:

Freehold property 2% straight line basis Furniture, equipment etc. 20% straight line basis IT equipment 25% straight line basis

All expenditure on all types of fixed assets of less than £2,500 is to be written off in year of purchase.

Investments and investment property

Investments and investment property are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

16

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

Fund accounting

Funds held by the Charitable Company are either:

Further explanation of the nature and purpose of each fund is included in the Notes to the Financial Statements.

Stock

Stock is stated at the lower of cost and net realisable value.

Debtors

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

Cash at bank and in hand

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

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The Trust 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. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Grants
Donations
Club Wilber
Legacies
3.
CHARITABLE ACTIVITIES
Rehabilitation services
Government grant income
4.
INVESTMENTS
Dividends investments listed on a recognised stock exchange
Bank & other interest
5.
OTHER INCOME
Gain on disposal of fixed assets
Accommodation care & support services
Rent received investment property		 2021
£
410,350
10,098
17,928
9,000
£ 447,376
2021
£
3,372,986
3,333
18,114
£ 3,394,433
2021
£
114,409
911
421
£ 115,741
109,928		 2020
£
-
21,017
6,230
8,000
£ 35,247
2020
£
3,600,773
8,118
-
£ 3,608,891
2020
£
241,016
2,876
5,964
£ 249,856
-

17

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

6. ANALYSIS OF TOTAL EXPENDITURE

ALYSIS OF TOTAL EXPENDITURE
Raising funds
Fundraising costs
Investment management costs
Charitable activities
Rehabilitation services
Governance costs - auditor's remuneration
Accommodation, care & support services		 Staff
Premises
costs
costs
Depreciation
Other
2021
2020
£
£
£
£
£
£
-
-
-
4,274
4,274
27,691
-
-
-
39,844
39,844
26,936
2,256,695
181,063
83,601
580,472
3,101,831
3,461,279
-
-
1,489
935
2,424
8,183
-
-
-
7,230
7,230
7,000
£ 2,256,695
£ 181,063
£ 85,090
£ 632,755
£ 3,155,603
£ 3,531,089

Included in the amounts shown above are support costs totalling £554,136 (2020 £579,123) as shown in Note 6.

Agency costs
PPORT COSTS
Rehabilitation services
Accommodation, care & support services
luded in other costs are:		 2021
2020
£
£
£ 40,622
£ 511,660
Office
Management
costs
Depreciation
2021
2020
£
£
£
£
£
392,580
132,543
12,797
537,920
562,819
-
14,727
1,489
16,216
16,304		 2021
2020
£
£
£ 40,622
£ 511,660
£ 392,580
£ 147,270
£ 14,286
£ 554,136
£ 579,123

Included in other costs are:

7. SUPPORT COSTS

Support costs have been allocated to activity cost categories on a basis consistent with the use of resources.

8. STAFF COSTS

AFF COSTS
Wages and salaries
Social security costs
Pension costs		 2021
2020
£
£
2,028,371
1,920,471
157,485
144,816
70,839
65,075
£ 2,256,695
£ 2,130,362

No remuneration or expenses have been paid to any Director/Trustee

The number of employees during the year, whose gross pay and benefits (excluding employer pension contributions and awards to inventors) fell within the following bands, was: The number of employees during the year, whose gross pay and benefits (excluding employer pension contributions and awards to inventors) fell within the following bands, was:
2021 2020
No. No.
£70,001 - £80,000 1 1

The key management personnel of the Trust, comprise the trustees, the Chief Executive Officer and the Finance Director. The total employee benefits of the key management personnel of the Trust were £166,964 (2020 £159,183).

The average monthly head count was 115 staff (2020 112) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:

Accommodation, care, support and rehabilitation services
Administration		 2021
2020
No.
No.
56
67
23
23
79
90

18

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. TANGIBLE FIXED ASSETS

9. TANGIBLE FIXED ASSETS
Cost
Accumulated depreciation
Net book value
10. AUDITOR'S REMUNERATION
Audit of the financial statements
Other fees to auditor
All other non-audit services
11. INVESTMENTS
Market value at 1 April 2020
Additions
Disposals
Net gains/(losses)
Market value at 31 March 2021
The freehold property was revalued at 31 March 2018 by J L Burley of Briggs Burley Charter
At 31 March 2020
At 31 March 2021
At 31 March 2021
If the freehold properties had not been included at valuation they would have been included u
At 1 April 2020
Charge for year
Disposals in year
Cost or valuation
At 1 April 2020
Depreciation
Unrestricted
Endowed
Additions in year
At 31 March 2021
Net book value
Disposals in year
Unrestricted
Endowed		 Assets in the
Freehold
course of
Motor
IT
property
construction
vehicles
equipment
£
£
£
£
3,947,100
1,326,937
60,157
64,339
-
3,803,863
-
-
(525,000)
-
(3,055)
-		 Furniture,
equipment
etc.
Total
£
£
221,603
5,620,136
-
3,803,863
(221,603)
(749,658)
3,422,100
5,130,800
57,102
64,339		 -
8,674,341
774,656
-
24,064
64,339
73,777
-
10,037
-
(35,000)
-
-
-		 216,867
1,079,926
1,276
85,090
(218,143)
(253,143)
813,433
-
34,101
64,339		 -
911,873
£ 2,608,667
£ 5,130,800
£ 23,001
£ -		 £ -
£ 7,762,468
£ 3,172,444
£ 1,326,937
£ 36,093
£ -		 £ 4,736
£ 4,540,210
2021
2020
£
£
5,153,801
1,367,766
2,608,667
3,172,444
7,762,468
4,540,210
2021
2020
£
£
8,136,493
4,857,630
(1,209,472)
(1,046,742)
£ 6,927,021
£ 3,810,888
2021
2020
£
£
4,000
4,000
3,230
3,000
£ 7,230
£ 7,000
2021
2020
£
£
7,139,238
7,600,820
2,648,106
8,140,498
(2,713,965)
(8,052,676)
1,119,111
(549,404)
£ 8,192,490
£ 7,139,238
2021
2020
£
£
1,349,302
1,175,832
6,843,188
5,963,406
8,192,490
7,139,238
ed Surveyors on the basis of open market value at £3,320,000.
nder the historical cost convention as follows:		 2021
2020
£
£
5,153,801
1,367,766
2,608,667
3,172,444
7,762,468
4,540,210
£ 6,927,021
£ 3,810,888
2021
2020
£
£
4,000
4,000
3,230
3,000
£ 7,230
£ 7,000
2021
2020
£
£
7,139,238
7,600,820
2,648,106
8,140,498
(2,713,965)
(8,052,676)
1,119,111
(549,404)
£ 8,192,490
£ 7,139,238
2021
2020
£
£
1,349,302
1,175,832
6,843,188
5,963,406
8,192,490
7,139,238

19

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. INVESTMENTS (continued)
VESTMENTS (continued)
The historical cost of the above investments amounts to:
Listed investments
Within the UK
Outside the UK
Investment property - within the UK		 2021
2020
£
£
7,459,111
£
7,381,517
£
3,509,504
3,485,510
4,287,986
3,258,728
395,000
395,000
£ 8,192,490
£ 7,139,238

The investment property was revalued at 31 March 2018 by J L Burley of Briggs Burley Chartered Surveyors on the basis of open market value at £395,000. All investments are held primarily to provide an investment return for the Charitable Company.

12.
Trade debtors
Prepayments
Accrued income
13.
Cash in hand
Current account
Savings account
14. CREDITORS: amounts falling due
within one year
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income
CASH AND CASH EQUIVALENTS
Pension deficit funding agreement
Unrestricted
Unrestricted
Restricted
Endowed
Unrestricted
DEBTORS		 2021
2020
£
£
48,265
29,564
46,011
3,871
56,390
96,574
£ 150,666
£ 130,009
2021
2020
£
£
£ 150,666
£ 130,009
2021
2020
£
£
312
312
5,000
5,000
1,081,681
463,643
£ 1,086,993
£ 468,955
2021
2020
£
£
1,893,115
3,212,197
14,934
26,408
(821,056)
(2,769,650)
£ 1,086,993
£ 468,955
2021
2020
£
£
66,903 25,712
19,899 18,979
82,168 42,120
674,371 328,997
1,590 1,544
£ 844,931
£ 417,352
2021
2020
£
£
£ 844,931
£ 417,352

20

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

15. CREDITORS: amounts falling due after one year

EDITORS: amounts falling due
er one year
ANS AND BORROWINGS
Other borrowings
Pension deficit funding agreement
Non-current loans and borrowings
Bank loan (see note 16)
restricted		 2021
2020
£
£
2,400,000
-
4,694
5,901
£ 2,404,694
£ 5,901
2021
2020
£
£
2,404,694
5,901
2021
2020
£
£
£ 2,400,000
£ -

Unrestricted

16. LOANS AND BORROWINGS

Non-current loans and borrowings Other borrowings

Other borrowings

Other borrowings is denominated in £ with a nominal interest rate of the bank's Fixed Refinancing Rate current from time to time plus and interest rate marging of 1.10%, and the loan facility is available until further notice by the bank. The carrying amount at year end is £2,400,000. (2020 - £Nil).

The loan is secured against assets held within an investment portfolio. The loans are a credit facility held with an investment manager.

The loan is to be repaid through the sale of the existing portfolio of properties that are being replaced by the new purpose built building.

SIGNATED FUNDS
Welfare Fund
Pension Reserve
Low Vision Service
New Building
Fixed assets		 Balance at
Balance at
1 April
Incoming
Resources
31 March
2020
resources
expended
Transfers
2021
£
£
£
£
£
9,800
-
-
-
9,800
20,000
-
-
-
20,000
25,000
-
-
-
25,000
6,936
-
-
(6,936)
-
-
-
-
2,753,801
2,753,801
£ 61,736
£ -
£ -
£ 2,746,865
£ 2,808,601

17. DESIGNATED FUNDS

Balance at Balance at
1 April Incoming Resources 31 March
2019 resources expended Transfers 2020
£ £ £ £ £
Welfare Fund 9,800 - - - 9,800
Pension Reserve 20,000 - - - 20,000
Low Vision Service 25,000 - - - 25,000
New Building 6,936 - - - 6,936
£ 61,736 £ - £ - £ - £ 61,736

Welfare Fund

To ensure that any hardship applications to continue to live in a tenanted house of The Wilberforce Trust can be funded where necessary to ensure that The Wilberforce clients can integrate in activities and live as independent lives as possible with equal opportunity.

Pension Reserve

With new legislation, the Trust has identified that the pension provision needs a pension reserve.

Low Vision Service

To ensure that the Trust can have facilities and equipment to deliver where appropriate and necessary community NHS Ophthalmology Low Vision Services.

New Building

To facilitate exploring potential new housing for the future.

Fixed assets

Represents net book value of new building less loan value and excludes property held as permanent endowment.

STRICTED FUNDS
Eyevan
Sensory Project Fund
Ward Fund
Delta Project
Atrium wall hanging
City of York Council - Infection control
City of York Council - LFD testing
Bradbury Foundation
Garfield Weston Foundation
YOR4Good fund Grant
Thomas Pocklington Trust		 Balance at
Balance at
1 April
Incoming
Resources
31 March
2020
resources
expended
Transfers
2021
£
£
£
£
£
5,034
-
-
-
5,034
7,400
-
-
-
7,400
1,500
-
-
-
1,500
18,372
-
-
(18,372)
-
1,000
-
-
-
1,000
-
26,885
(26,885)
-
-
-
6,983
(6,983)
-
-
-
250,000
-
-
250,000
-
100,000
-
(100,000)
-
-
8,000
-
(8,000)
-
-
10,000
(10,000)
-
-
£ 33,306
£ 401,868
(£ 43,868)
(£ 126,372)
£ 264,934

18. RESTRICTED FUNDS

The above transfers from Restricted Funds to the General Unrestricted Fund relates to utilisation of restricted donations and grants to fund the construction costs of the new building.

21

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. RESTRICTED FUNDS (continued)

Eyevan
Sensory Project Fund
Ward Fund
Delta Project
Atrium wall hanging		 Balance at
Balance at
1 April
Incoming
Resources
31 March
2019
resources
expended
Transfers
2020
£
£
£
£
£
5,034
-
-
-
5,034
1,502
5,898
-
-
7,400
1,500
-
-
-
1,500
18,372
-
-
-
18,372
-
1,000
-
-
1,000
£ 26,408
£ 6,898
£ -
£ -
£ 33,306

Eyevan

To enable the work of the Designated Hub to be taken out to the wider community and in areas of North Yorkshire not best served by facilities or transport links to assist the individuals accessing the service otherwise.

Sensory Project Fund

Pop up sensory room for stimulation and physical exercise and sport activities for people with limited sight and mobility.

Ward Fund

Grant from the ward committee to fund salary costs for a fundraiser and volunteer expenses relating to the hub service.

Delta Project

Fundraising events held to raise funds for this capital project.

Atrium wall hanging

Donation for the atrium wall hanging in the new build

City of York Council - Infection control

Funding to support adult social care providers to reduce the rate of transmission of COVID-19 in and between care homes.

City of York Council - LFD testing

Funding to support additional rapid LFD testing of staff in care homes, support visiting professionals and enable indoors, close contact visiting where possible.

Bradbury Foundation

Donation towards the cost of building the 30 appartment residential building on an owned greenfield site.

Garfield Weston Foundation

Grant towards the cost of building the 30 appartment residential building.

YOR4Good fund Grant

Grant towards the cost of the LLZ kitchen in the new 30 appartment residential building.

Thomas Pocklington Trust

Grant to support through financial concerns due to cashflow difficulties as a direct result of the COVID-19 crisis.

19. PERMANENT ENDOWMENT FUND

The Permanent Endowment Fund represents those assets which must be held permanently by the Charitable Company, principally property and investments. Income arising on the endowment fund can be used in accordance with the objects of the Charitable Company and are included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

Wilberforce Home for the Blind
Wilberforce Home for the Blind		 Balance at
Gains on
revaluation
Balance at
1 April
Incoming
Resources
Investment
of fixed
31 March
2020
resources
expended
gains
assets
Transfers
2021
£
£
£
£
£
£
£
7,693,137
204,293
(107,060)
934,794
-
(94,365)
8,630,799
Balance at
Gains on
revaluation
Balance at
1 April
Incoming
Resources
Investment
of fixed
31 March
2019
resources
expended
(losses)
assets
Transfers
2020
£
£
£
£
£
£
£
8,244,188
198,792
(113,930)
(437,121)
-
(198,792)
7,693,137

The balance of the Permanent Endowment Fund includes the revaluation reserve arising on the revaluation of the freehold property.

The above transfer from the Permanent Endowment Fund to the General Unrestricted Fund relates to investment income arising on the endowment fund that can be used in accordance with the objects of the Charitable Company.

22

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 31 March 2021
are represented by:
Unrestricted Funds
Designated Funds
Restricted Funds
Permanent Endowment Fund
Fund balances at 31 March 2020
are represented by:
Unrestricted Funds
Designated Funds
Restricted Funds
Permanent Endowment Fund		 Tangible
Net Current
Long term
Fixed Assets
Investments
Assets
liabilities
2021
2020
£
£
£
£
£
£
-
1,349,302
900,271
(4,694)
2,244,879
4,072,791
5,153,801
54,800
(2,400,000)
2,808,601
61,736
-
-
264,934
-
264,934
33,306
2,608,667
6,843,188
(821,056)
-
8,630,799
7,693,137
£ 7,762,468
£ 8,192,490
£ 398,949
(£ 2,404,694)
£ 13,949,213
£ 11,860,970
Tangible
Net Current
Long term
Fixed Assets
Investments
Assets
liabilities
2020
2019
£
£
£
£
£
£
1,367,766
1,175,832
1,535,094
(5,901)
4,072,791
3,686,967
-
-
61,736
-
61,736
61,736
-
-
33,306
-
33,306
26,408
3,172,444
5,963,406
(1,442,713)
-
7,693,137
8,244,188
£ 4,540,210
£ 7,139,238
£ 187,423
(£ 5,901)
£ 11,860,970
£ 12,019,299

21. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

21. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation charges
Grants received for fixed assets
(Gains) on disposal of fixed assets
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in stock
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
Total cash and cash equivalents
22. OPERATING LEASE COMMITMENTS
Operating leases which expire:
Within one year
Within one to two years
Within two to five years
ANALYSIS OF CHANGES IN NET DEBT
Cash at bank and in hand
The total of future minimum lease payments is as follows:
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash		 At
01/04/2020
£
468,955		 2021
2020
£
£
2,088,243
(158,329)
85,090
88,698
(358,000)
-
(109,928)
-
(1,119,111)
549,404
(115,741)
(249,856)
(410)
242
(20,657)
92,720
(99,103)
208,273
£ 350,383
£ 531,152
1,086,993
468,955
£ 1,086,993
£ 468,955
At
Cash-flows
31/03/2021
£
£
618,038
1,086,993
618,038
£ 468,955 £ 618,038
£ 1,086,993
At 31 March
At 31 March
2021
2020
£
£
5,153
1,387
5,153
1,387
14,802
1,271
£ 25,108
£ 4,045

The amount of non-cancellable operating lease payments recognised as an expense during the reporting period was £1,387 (2020 £1,512).

23

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

23. LEGAL STATUS

The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

24. TAXATION

No corporation tax has been provided in the Charitable Company's accounts because the income of the entity, a registered charity, is within the exemption granted within Sections 466 to 493 of the Corporation Tax Act 2010.

25. PENSION SCHEME

The Pensions Trust Retirement Solutions - The Growth Plan

The Charitable Company participates in the scheme, a multi-employer scheme which provides benefits to some 950 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the Charitable Company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions
From 1 April 2016 to 30 September 2025 £12,945,440 per annum (payable monthly and increasing by 3% each on 1 April)
From 1 April 2016 to 30 September 2028 £54,560 per annum (payable monthly and increasing by 3% each on 1 April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the Charitable Company has agreed to a deficit funding arrangement the Charitable Company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

Present values of provision

Provision at start of period
Interest expense
Deficit contribution paid
Provision at end of period
Income and expenditure
Interest expense
Assumptions
Rate of discount
Reconciliation of opening and closing provisions
Remeasurements – impact of any change in assumptions
Remeasurements – impact of any change in assumptions
Present value of provision		 2021
£
6,284
2021
£
7,445
168
(1,544)
215
6,284
2021
£
168
215
2021
% per
annum
0.66		 2020
2019
£
£
7,445
9,032
2020
£
9,032
114
(1,499)
(202)
7,445
2020
£
114
(202)
2020
% per
annum
2019
% per annum
2.53
1.39

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

The following schedule details the deficit contributions agreed between the Charitable Company and the scheme at each year end period:

24

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Deficit contributions schedule

2021 2020 2019
Year ending £ £ £
Year 1 1,590 1,544 1,499
Year 2 1,638 1,590 1,544
Year 3 1,687 1,638 1,590
Year 4 1,448 1,687 1,638
Year 5 - 1,448 1,687
Year 6 - - 1,448

The Charitable Company must recognise a liability measured as the present value of the contributions payable that arise from the deficit recovery agreement and the resulting expense in the income and expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it arises.

It is these contributions that have been used to derive the Charitable Company's balance sheet liability.

26. CONTRACTS AND COMMITMENTS

Capital commitments at 31 March 2021 in relation to building works were £2,695,380 (2020: £nil).

27. VOLUNTEERS

Trust volunteers visit our tenants on a regular basis. Many of them have become befrienders and are making a real difference to the lives of the people they visit. Every volunteer is matched with a tenant carefully ensuring the same common interest from football to museum visits, from shopping for fun to reading carefully chosen books, from writing letters to going

Our team of over 65 volunteers bring so much to The Wilberforce Trust. Skills, passion and energy that we are so grateful for. This year they befriended, crafted, baked, fund raised amazingly, giving so much of their time that was invaluable to the people whom we support and no report can be complete without placing on record our sincere thanks for their efforts.

28. RELATED PARTIES

There were no related party transactions during the reporting period.

25

THE WILBERFORCE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

29.COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Expenditure on:
Raising funds
Charitable activities
Net (losses)/gains on investments
Transfers between funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Total
Net income and net movement in funds before
gains/(losses) on investments
Net income/(expenditure)
Net movement in funds
Total		 General
Designated
Fund
Funds
£
£
28,849
-
3,608,891
-
27,670
-
51,064
-
3,716,474
-
11,164
-
3,405,995
-
3,417,159
-
299,315
-
(112,283)
-
187,032
-
198,792
-
385,824
-
3,686,967
61,736
4,072,791
£
61,736
£
Unrestricted		 Restricted
Funds
£
6,398
-
500
-
6,898
-
-
-
6,898
-
6,898
-
6,898
26,408
33,306
£		 Permanent
Endowment
Funds
£
-
-
-
198,792
198,792
43,463
70,467
113,930
84,862
(437,121)
(352,259)
(198,792)
(551,051)
8,244,188
7,693,137
£		 Year ended
31 March
2020
£
35,247
3,608,891
28,170
249,856
3,922,164
54,627
3,476,462
3,531,089
391,075
(549,404)
(158,329)
-
(158,329)
12,019,299
11,860,970
£		 Year ended
31 March
2019
£
6,000
3,488,192
21,715
286,877
3,802,784
39,216
3,427,494
3,466,710
336,074
383,594
719,668
-
719,668
11,299,631
12,019,299
£

26