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## 

|||Page|
|---|---|---|
|Chairman's<br>statement|||
|Trustees'<br>report||2-11|
|Independent<br>examiner's|report|12|
|Statement offinancial activities||13|
|Balance sheet||14|
|Statement ofcash flows||15|
|Notes to the financial statements||16-29|





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
||Notes|8|6|5|5|6|8|
|Income from:||||||||
|Donations<br>and legacies||710,422|18,119|728,541|582,967|19,615|602,582|
|Charitable<br>activities||33,717||33,717|40,105||40,105|
|Investments||70,260||70,260|56,237||56,237|
|Total income||814,399|18,119|832,518|679,309|19,615|698,924|
|Expenditure<br>on:||||||||
|Raising funds|5|7,622||7,622|15,940||15,940|
|Charitable<br>activities|6|701,784|36,999|738,783|631,872|37,277|669,149|
|Other expenditure|10|10,161||10,161|6,913||6,913|
|Totalexpenditure||719,567|36,999|756,566|654,725|37,277|692,002|
|Net gains/(losses)<br>on<br>investments|11|13,004||13,004|(71,219)||(71,219)|
|Net income/(expenditure)||107,836|(18,880)|88,956|(46,635)|(17,662)|(64,297)|
|Transfers between||||||||
|funds||(21,285)|21,285||(18,142)|18,142||
|Net movement<br>in||||||||
|funds|7|86,551|2,405|88,956|(64,777)|480|(64,297)|
|Reconciliation<br>offunds:||||||||
|Fund balances at 1 October||||||||
|2022||2,257,489|1,905|2,259,394|2,322,266|1,425|2,323,691|
|Fund balances at 30||||||||
|September 2023||2,344,040|4,310|2,348,350|2,257,489|1,905|2,259,394|





## 

## 

||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6|6|F||
|Fixed assets|||||||||
|Tangible assets<br>Investments||||13<br>14||1,103,217<br>995,003||1,120,662<br>981,999|
|||||||2,098,220||2,102,661|
|Current assets|||||||||
|Stocks||||16|1,748||3,464||
|Debtors||||17|5,022||7,028||
|Cash at bank and in hand|||||264,228||191,326||
||||||270,998||201,818||
|Creditors: <br>one year|amounts|falling due|within|18|(20,868)||(45,085)||
|Net current assets||||||250,130||156,733|
|Total assets less current liabilities||||||2,348,350||2,259,394|
|Net assets|excluding|pension|liability|||2,348,350||2,259,394|
|The funds <br>Restricted|ofthe charity<br>income funds|||21||4,310||1,905|
|Unrestricted|funds|||||2,344,040||2,257,489|
|||||||2,348,350||2,259,394|





## 

## 

## 

||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|8||6||
|Cash flows from operating<br>activities<br>Cash generated<br>from operations||26||2,642||18,067|
|Investing<br>Purchase<br>Investment|activities<br>oftangible<br>fixed assets<br>income received||70,260||l11,512)<br>56,237||
|Net cash <br>activities|generated<br>from investing|||70,260||44,725|
|Net cash|used in financing<br>activities||||||
|Net increase<br>in cash and cash equivalents||||72,902||62,792|
|Cash and|cash equivalents<br>at beginning|ofyear||191,326||128,534|
|Cash and|cash equivalents<br>at end of|year||264,228||191,326|





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## 

||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
||||5|6|f|2||f|
|Donations||and gifts|307,653|18,119|325,772|312,275|19,615|331,890|
|Legacies||receivable|382,019||382,019|235,692||235,692|
|Grants|||20,750||20,750|35,000||35,000|
||||710,422|18,119|728,541|582,967|19,615|602,582|
|Charitable||activities|||||||
||||||||2023|2022|
|Sales of Braille, giant print and audio|||||||13,148|15,951|
|Holidays|and retreats||||||19,679|23,329|
|Other income|||||||890|825|
||||||||33,717|40,105|



## 

|Income|from investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||5|6|
|Rental|income|36,574|25,945|
|Income|from listed investments|30,675|30,212|
|Interest|receivable|3,011|80|
|||70,260|56,237|





## 

## 

||||2023|2022|
|---|---|---|---|---|
|Fundraisin|and|ublici|||
|Literature|||4,739|5,057|
|Advertising|and|promotions|2,533|10,353|
|Other supporter||activity and donations|350|530|
|Fundraising|and|publicity|7,622|15,940|
||||7,622|15,940|
|For the year ended 30September 2022|||||
|Fundraising|and|publicity||15,940|





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## 

## 

## 

|Net movement|in|funds||2023|2022|
|---|---|---|---|---|---|
|||||f||
|The net movement||in funds is|stated aRer charging/(crediting):|||
|Depreciation<br>of|owned tangible||fixed assets|17,445|18,344|



## 

## 

## 

|The average|monthly<br>number ofemployees<br>during the y|ear was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Management|and operational|19|20|
|Employment|costs|2023|2022|
|||5|8|
|Wages and salaries||400,915|371,371|
|Social security costs||26,139|24,590|
|Other pension costs||27,245|26,965|
|Staff training||2,127|2,599|
|Other staff costs||29,338|14,675|
|||485,764|440,200|



## 

## 

||||2023|2022|
|---|---|---|---|---|
|Trustees|meeting|expenses|2,373|2,273|
|Trustees|indemnity|insurance||650|
|Legal and|professional||4,056|420|
|independent<br>Examiner's fees|||3,732|3,570|
||||10,161|6,913|





## 

## 

## 

|Gains and|los|ses on investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
|Gains/(losses)||arising on:||5|
|Revaluation|of|investments|13,004|(71,219)|



## 

|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Freehold lend|Plant and|Fixtures and|Total|
|||and bugdings|equipment|fittings||
|||5|5|5||
|Cost||||||
|At 1 October 2022||1,343,477|101,123|71,074|1,515,674|
|At 30September 2023||1,343,477|101,123|71,074|1,515,674|
|Depreciation<br>and impairment||||||
|At 1 October 2022||235,124|89,558|70,330|395,012|
|Depreciation<br>charged|in the year|12,357|4,344|744|17,445|
|At 30September 2023||247,481|93,902|71,074|412,457|
|Carrying<br>amount||||||
|At 30September 2023||1,095,996|7,221||1,103,217|
|At 30September 2022||1,108,353|11,565|744|1,120,662|





## 

## 

## 

## 

||Listed|
|---|---|
||investments|
|Cost orvaluation||
|At 1 October 2022 830September 2023|981,999|
|Valuation changes|13,004|
|Carrying<br>amount||
|At 30September 2023|995,003|
|At 30September 2022|981,999|



## 

|Financial||instruments|||2023|2022|
|---|---|---|---|---|---|---|
||||||6|6|
|Canying|amount of||financial assets||||
|instruments||measured|at fair value through|profit or loss|995,003|981,999|



## 

|Stocks|||||
|---|---|---|---|---|
||||2023|2022|
||||6|6|
|Finished|goods and goods for resale||1,748|3,464|
|Debtors|||||
||||2023|2022|
|Amounts|falling due within one year:||6|f.|
|Trade debtors|||1,440|4,170|
|Other debtors|||1,399|1,116|
|Prepayments||and accrued income|2,183|1,742|
||||5,022|7,028|





## 

## 

|18|Creditors: amounts|falling due within one year|falling due within one year|falling due within one year|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
||||||||||6|6|
||Other taxation and social security||||||||4,157|4,005|
||Trade creditors||||||||5,406|30,657|
||Accruals and deferred|income|||||||11,305|10,423|
||||||||||20,868|45,085|
|19|Deferred income||||||||||
||Deferred income relates to rents received|||relating|to the|following|accounting|period.|||
||||||||||2023|2022|
||||||||||6|6|
||Balance at start ofyear||||||||6,700|5,825|
||Amounts<br>released to incoming||resources||||||(6,700)|(5,825)|
||Amounts<br>deferred<br>in year||||||||6,700|6,700|
||||||||||6,700|6,700|
|20|Retirement<br>benefit schemes||||||||||
||||||||||2023|2022|
||Defined contribution|schemes|||||||6|8|
||Charge to profit or loss|in respect ofdefined||contribution||schemes|||27,245|26,965|





## 

## 

## 

||At 1 October|Incoming|Resources|Transfers|At 30|
|---|---|---|---|---|---|
||2022|resources|expended||September|
||||||2023|
|||||5||
|Afriica - general||13,939|(36,843)|22,904||
|Eastern Europe|1,786|480|||2,266|
|Other UK restricted|119|3,700|(156)|(1,619)|2,044|
||1,905|18,119|(36,999)|21,285|4,310|
|Previous year:|At 1 October|Incoming|Resources|Transfers|At 30|
||2021|resources|expended||September|
||||||2022|
|||||f|8|
|Africa - general||17,835|(37,277)|19,442||
|Eastern Europe|1,306|480|||1,786|
|Other UK restricted|119|1,300||(1,300)|119|
||1,425|19,615|(37,277)|18,142|1,905|



## 




## 

## 

## 

|Unrestricted|fun|ds||||||(Continued)|
|---|---|---|---|---|---|---|---|---|
|Previous year:||At|1 October|Incoming|Resources|Transfers|Gains and|At 30|
||||2021|resources|expended||losses|September|
|||||||||2022|
|||||||E|E|E|
|Development|||391,900|||||391,900|
|General funds|||1,930,366|679,309|(654,725)|(18,142)|(71,219)|1,865,589|
||||2,322,266|679,309|(654,725)|(18,142)|(71,219)|2,257,489|



||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds||
||2023|2023|2023|
||E|E|E|
|At 30September 2023:||||
|Tangible assets|1,103,217||1,103,217|
|Investments|995,003||995,003|
|Current assets/(liabilities)|245,820|4,310|250,130|
||2,344,040|4,310|2,348,350|
||Unrestricted|Restricted|Total|
||funds|funds||
||2022|2022|2022|
||E|E|E|
|At 30September 2022:||||
|Tangible assets|1,120,662||1,120,662|
|Investments|981,999||981,999|
|Current assets/(liabilities)|154,828|1,905|156,733|
||2,257,489|1,905|2,259,394|





## 

## 

## 

||2023f|2022<br>6|
|---|---|---|
|Within one year|6,000|6,000|
|Between two and five years|4,500|10,500|
||10,500|16,500|



## 

|26|Cash generated<br>from|operations|operations||2023|2022|
|---|---|---|---|---|---|---|
||||||6|6|
||Surplus/(deficit)<br>for the|year|||88,956|(64,297)|
||Adjustments<br>for:||||||
||Investment<br>income recognised||in statement|offinancial activities|(70,260)|(56,237)|
||Fair value gains and losses on||investments||(13,004)|71,219|
||Depreciation<br>and impairment<br>oftangible fixed assets||||17,445|18,344|
||Movements<br>in working|capital:|||||
||Decrease/(increase)<br>in|stocks|||1,716|(456)|
||Decrease in debtors||||2,006|33,841|
||(Decrease)fincrease<br>in|creditors|||(24,217)|15,653|
||Cash generated<br>from|operations|||2,642|18,067|