Cwpany regi5trati(m numiw.. 3636957 Charityre8istrAti1￿ numb¢r. 1102016 Hastings and Rother Voluntary Association for the Blind (A L*NllP￿Y limiteAI by guarantee) At)rt￿￿ Repyt and Firtanu¥l Stsiemettts for th¢Year Endal 31 Mardj 2021 Manningtons Charttt&4 A¢countants 39 FfIgh Strttt Battle East Sussex TN33 OEE H>iDgs and Rother Voluntsry Association for the Blind Contents Reftrene¢ and Administrative Detsils 2106 Ind¢p¢ndtht Examin&s Rwt Ststement of Financial Activities 8t09 Ba]ance Shttt 10 Statement of Cash Flows Not¢5 tothe Financial Statements 12tts24 Hastings and Rother Voluntsry Association for the Blind Reference and Administrative Details Truste&¥ TNovis ffreasurtt) P J Gr¢enhal A Patmc*e(Chairnw) B G Purd¢y A J Hollis E Petr¢e Other Offleers G Si¢warL President Settlor ManagemetttTeA F Fwric¥.Thvis( Chief Ex￿￿tiVe Offittr Principal Offlte 3 Upper Maze Frill Sl LeonardsTh) Sea Eas( Sussex TN38 OLQ 39 High St Reglster¢d Offlet East Sussex TN33 OEE Th¢ Charity is inwatal in England and Wales. 3636957 Compgny Rtgistr*tlon NunEber Chirlty ReKlstrAlloD Number 1102016 BAttkers Lloyd5 bank 3rd Floor, N(*th BILYK St Mar￿3 cC￿t 20 St Mary at Hill LONfJoN EC3R 8NA IDdepeDd¢Dt Examlner R TKWaish Manningtms Chartered a¢¢￿ntsnts 39 High Street Battle ThT33 OEE Page I Hastings and Rother Voluntsry Association for the Blind Trustees, Rep)rt The trustees who are directrn fw the pur[￿￿ of C4XnF4ny law. pr¢￿t the ann￿￿ Tepcrtt 108ethu wih the finaTEcial s¢a*mentsof thecharitable cornpany fv the year ended 31 Marth 2021. Tr￿stee$ T Novis (Treasurtr) R L2ne P J Gr￿h￿8b A Patmore (Chairman) BGPurd A J Hollis E Peirc Objtctlves And *ttiTrili¢J Objects 'I'he charity's objeLtiv¢ is to provide wvic¢s and Sllp￿ visually impAir￿ pts)ple living within the are4 of Haslin8s and Rother. The AssWi￿10n,s priTt¢1￿] A￿]VitEC5 residenti￿ ¢4re Carri￿ at Healey HO￿ and day care provision at the John Taplin Centr& We also hold Sc¢ial and Rehabillthii￿I ¥¢tivities in th¢ John Taplin centre and in Bexhill. Hasttngs and Mountfield. Wc offer advie4 informaiicffi and sUPP(*t to thc visually impaired of all ag livin8 in Hasiin85 and Rother. The s￿1¢￿ continu¢s to &ssess the neal for iftnovation and crffitinues to seek to improve the r&n8e qUAlity of it$ s¢rviczs whett resource5 and fithdin8 allow. The Assctiation thnploys welfare offlcers who Mvrk out of the Bexhill and conqu¢￿ Ek)spitsi ond Healey Hou The policy of the organizati¢x) ￿ltinUeS to ￿ to pmmde hi￿ quality scrwces and suppJrt for visually impair•J people livin8 tn HA5tin8s and Rother ond to 8therale rev￿Ue fr(￿ ftes. dC￿atIOn￿ Icgacie5, grants and fundraising in ordcr to provide these sttvice Th¢ TTUStees of the Association meet on & bi monthly twi$ w more fr4uently. ond overstt the &dI￿ted team of employee5 and volun Thc Association h&$ two shLV.' in Bexhill, the other in Silvtrhill whi¢h continue with the support of our Warehouse. Along with sellin8 on eBay, t(yJether thty c￿lInUt to provide an invaluable source of intome and our Bcxhill Shop. alon8 the Charity ¢ontinuas to prowde invaluable 8ift 41 COVlt>19 The onsei of Covid 19 has had a direct impad ￿ our artivitits. Healey Hous¢ ranaitis fun¢tionittB with loss of 7 rtsidents to Covid 19. We had ¢0 close our Day Centr4 shops and Clubs and most stsff were rI￿ghed. All ￿ndraising for the charity ceased and ￿Jr Low Vision Suptort Work¢r home visits were stopped #nd help is now given on th¢ te[oh￿tt Hastings and Rother Voluntsry Association for the Blind TThsteoq' Report ObJedlFYs. slr41egl&s tmdacth71 In (ktober 2011, a new Cr{￿$ cowjty Low W15ion Suppon Servio w launched Uftd￿ a thrce year fvnding agreement t¢nveen East Suss¢x County Council and Fau sU￿X Visi(M Car& Hastin8$ and Rother Voluntsry knLKiation for the Blind is reSp(￿SIble ￿ d¢liverin8 this C￿￿tra￿ in the Hastin8s and Rother area with outreath work for t￿¢1¢nts attending Boxhill and CcmquesL e)r cliniL4 along wth C(X￿ to build confidenK reduce tsola11c￿ and create independenL% skills and Strategies for daily livin& including eookery and an intr(NJucticfft to computers. In October 2014 funding secura for a further 3 years. which was ¢xt¢nded bjt ended SeptcmEer 2019. We successfully $￿ured a new grani in octo1￿￿ 2019 for 5 to 7 years to provide a c(xnpr¢hensive1ow vision supptrt 5ervi¢¢ ft* p¥ile with visual impArimwL Hastin8s and Rother Volunwy A&s(Kiation for the Blind is now also re5t*)nsibie fcr eLX)rdinating the first stag¢ of th¢ registrati(￿ prot￿ of CVIS (Certifi¢4* of Viw81 ImpAim*nt) behalf of East SU$￿y County Council t 4 county.wide k4sis. dIsclo￿r Fundr&isin8 activities are und¢Ttakn by thethrity to rnis¢ fund& Pmbllc benef The trustees confiryn they have compli¢d with the requiranents of SeAl(￿ 17 of the ChAritie8 Aet 2011 to have due regard to the public imefit guidth(¢ published by thecharitycommission ￿ EngLand and Wale5. Use of vol4niee The Charity has approximatrly 60 voluntetrs these vtslunt¢¢TS assist in the shop& with eb&y. drive or escort on the minibus4 njn the clubs and ￿la1 activiiies of the memt¢r$. We are fortunate to have the v41uabl¢ v()luntetts that w¢ ha￿ wi are alwdy6 th th¢ I￿kOUt ftr mwe to help with drivin8 C4Lr min11￿$t$. Aehlevtments And ￿rrOrnIa￿ee The As5¢Kiatiort C￿tinueS to opernt¢ frC￿ Fkaley Hws¢. We contin￿ to sell on eBay with thehclp of vdunietr5. Fln8n¢Sal revlew Thcre con¢inues to ix 8 high I￿] of c4)mpdiiion fty resida]ti81 and & demand fty more people to remain iftdependa)t in their home% Covid brtyJ8ht its own i55UCs with family visits restridrf mony rnor¢ wsh to remwn at home. Ail of this puts financi2] pr¢ssure C￿ Healey Hcrt￿. Whilst Hast2ngs and Rother Voluntary AS￿l&tiM f￿ the Blind remains stsbility sound, the Tnjstees must closely manage costs and continue to improve wwjcy. The she& remainswell struL#ed Page 3 Hastings And Rother Voluntary knociation for the Blind Trusteos, Report Pohcy on reserv The trust¢¢s have ex#mIn￿ the requiremu)t for free reserves which are those unrestricted fvnds not inv¢sta in rixed &ss¢ts, designatLyl for specifi¢ pur￿￿5 or (Aherwise cornmitted. As 8131 st March 2021 restr]rt￿ ￿rtd5 totalled £6,152 (2020.. £NIL) and unr&stricteJ fvnds t(thlld £1.482.781 12020.. £1.168.714). There were free r￿erV¢S at theyear end of £439,404 (2020.. £334,889) repr4s¢nt()J by net ￿rre¥)t assets. With the help of monthly managcrnt acwjnts. liquidity pr(*lems ean be qui&ly identified and the apwopriate action tsk¢n. HoHrver. the p)licy of the ¢haritsble company 15 to build up reserves by means of annual operating surpluses and judicious mana8LlllQ)t of ￿ investment &ssets, to en$ure that th¢r¢ 1$ sufficient Iiqu2dity available to finance the Charity's work ai All tim¢s giveffi any Id￿tifie4J problems. Prlnclpalfundln¥5wre Whilst ihe ¢hkrit4ble company's largest items of inc(xn¢ are frC￿ Heal¢y House and the shop4 the investhi¢nts, donations ￿ants and legacies also provide valuable s(yJrLxs of inct)m¢ to help fund the charity. Invemhientpollry obJeeihEF The charitable company coniinu&s to try to strike a Eth18n￿ bctwren the ftt short terni liquidity and It>ng¢x tenn 8rD￿h. li is felt that thc curr(y)t Issets representd by cash and bonk ￿l￿n￿S are suificicnt to m¢¢t the assctiation's fore5ttable needs. The in￿Stmen￿ manag&J ty investment brokers W&lker Crips StrKkbrokers Limited are design￿ to 8ivc a r￿onable level of divid¢nd incom¢ ￿rnbIn¢d with theopportunity for long terni C4Pital Bro￿. As with th¢ previous year4 m¥rkets rern8inol un￿thIn. the P￿1(0110 is & Iffiwtemi investtnemt and it is hoped that the market ￿)dItI¢MI ¢Thtin￿ to improve. Structure* Rovtrnance *tsd mina¢ern¢Trl IVothreofgovernlMK docMn¥nl stings and Rothtt Voluntary knwiation fow the Blind is a c(ffip8ny jim1kn￿ by 8uaranfyY goVerrt￿ by its Mernorandw￿ and Articles of Association. 11 is re8iSt¢r&J as J tharttywith the Charity Ccmmission. Recruumen¢ond ¥ppolhimrfoJtrHsieey The appointrncnt of truste￿ who arc also direct(￿ 1$ 8ov¢rned by thé Artielts tsf Association of the chw'itabje company. 1.he Bcord of trustees is ￿thoriStsJ to appoint new Trust¢¢s to fill vacancie5 aristn8 throu8h %i8naticrt or deBth of an existing trust The trusiees of the ¢haritabl¢ ￿panY meet th a bi monthly tasis ¢Y more fr4uently if circumstsnces r4uir¢ Thcoss¢xiation actively seeks newtrustee Inducllon dndtnilnlngolinute Trustees are bri¢ftd on th¢ organizaticn and struaw4 along with some téckgrw)d infom)ation cm the history of th¢ charity. They receive a copy of the Irwhure and twr) years ac¢ounts. Arrnngememtslorsettthg key manfjgemenlpersonnelrew￿lltrQth Key manag(Thenl per50nneJ comprises the Chief ExetsJtiv¢ and th¢ ranuneralicffl reffi￿ts the responsibilities of the role and is agreed by theTr1￿ee5. Page 4 Hastings and Rother Voluntary Association for the Blind Trustees, Report The charity is nu) by the trustees who have app)intyJ a ChiefExaxrtive in overall ¢harge of administration. It is the Chief Ex￿￿tive'S j(b to keep trustees regulaTly infornied and to implemLYJt the tru5tee5 Policies. 'the trustees have also aptK>intal a Manag¢r at Healcy lknse to ovusee All a8peLas of R&SIdenti￿ Care. The investmeftts are managed by the strtkin*ers and of thetrustces. Majorr15k¥ 4nd mimtsg¢•neMofthtoerif*5 Major risks, BwineJs nsk ¢>*doper￿lornl nik To maintsin rsservts and fimdin8 at 8 level so the charity 1$ able to provide servi¢¢s and any additionaj 5eryi¢es if required. To manage this risk the tharity c•rries (Art Sn anrtu￿ r¢view of C￿trOl$ over key finaneial 5)*ems and review& the monthly mana8emoitaceoiints to adju51 strawts io miiiwe 5ignifiunt risk& Hastings and Rother Voluntary Association for the Blind Truste25' Report Statement ofTrustees' Responslbilities The trustee5 (who are also th¢ di￿￿￿￿5 of Hastings and Roth¢r Voluntary Assctiation fv the Blind for the purp)ses of company law) are reswisible for preparing the trusted report and the fin￿cial statements in accordanc¢ with the United Kingdim Accounting S¢andard% (Unit&l Kingd(m Generally Accepted Accounting Prartice) and applÉc&ble law and r¢guiatic¥J Company law requir￿ the trtsste¢s lo preptrc fin￿¢181 st8temertts for each financi￿ ytsr. Under eompany law the trustees must not approve the financial stst¢ments unless they are satlsfied that they give a true and fair view of the st2tc of affairs of the ¢harttsbie compAny and of its inc(%Trin8 resourees and applicati￿ing Stsndvd applicable in the UK and Republic of Jr¢land (FRS 102). They also comply wtth the c(￿panIa9 Act 2006 and Charitirs Ad 2011. Balls ofpreparatio Hastings and Rother Voluntary A5Sc¢1￿lOTr fw the Blind me¢ts th¢ definitim of a publie bwefit entity urtd FRS 102. A8sets and liabilitias are initially recognlse41 at histixi￿l cost or transa¢tiffl value unless otherwsc stated in the relevant aLxouDtin8 policy not¢s. GolDg eoDc¢rn The trustees consider that there are no materiel un¢ert&inti¢s the chariws ability to ¢ontinue as a goin8 concern nor any slgnlffiL￿t ar￿$ of uncuthinty that af￿ the carryin8 Vatue of assets hdd by the charity. Page 12 Hastings and Rother %'fjluntary Association for tbe Blind Notes to the Finaneial Ststements for tbe Year Ended 31 March 2021 judge￿￿ntS In preparin8these fin￿tial ststrnt4 m2na8¥lnQrt h&8 rnadethefi)Ilowing judgcments: rknmiination of whethtt there are indiLXtiYs of impaimmt of the Charitys tan8ible assets. FaLtors taken into Considerati￿ in reathin8 su¢h decision include the eo)n(Nnic viability and eXp￿d fijture financial FErfom)ance of the and where it 15 a ￿￿￿ent of a largtr (wh-gener￿tng uniL the viability and exFt¢ted future perfornwice of that ut)IL Key wurces of tJtimatlOtt UDC¢rtalnty Tan8ibl¢ fixed assets are dePr￿lated over their useful liw tsking into acc￿llt residu￿ value5, where appropria￿ Th¢ act￿1 lives of the ass¢ts and residuat values ar¢ assessed annually and may vary dcpending on a numbtr of factors. In rtr&s%ssing a5sd li￿ factor$ $u¢h a5 technologial innovation. product life cy¢l¢s and maint¢nanit programmes are iaken into acc(xtnt. Resid￿1 values asstssrnents consider issues su¢h as ￿tllre market condition& the remainin8 life of the asset and projccted dispwl values. The carrying amount is £431,736 {2020- £426,849} The rccov¢rability of are reviewtsj by manA8em¢xit and a provisicrtj is made b&sed on all th¢ information available. Intome #nd elldowments All income is recogni5￿ onee the djerity has eniitlenKnt to the ino)m< it is Prob￿[¢ that the inc(rtne will be ree¢ived And the amount of the ino)me rteeivable can t* measura reliably. Don￿10￿5 DonAtions are rttognised then the charity has bttn notifirga in ￿Lting of th¢ amoun¢ and settl¢rnent date. In the ¢veni that a d(mati(xJ is subject to ¢c￿dI110ns that r4uire a level of ptrfonnanL* by the eharity before the ¢h2rity is enti￿￿￿ to the fvnd& the in￿me is deferred and nc* recivdnised until eithtt those Condition$ are fully meL (Y the fulfilmeni of those conditions is wholly within the CLXLtrol of the ch8rity and it is probable that ihese conditions will k fulfilled in th¢ r¢pmu18 ptricd. Legacy gift5 art re¢ognised on a C￿ by case hsis folltiwng the 8ran( of probate whcn the adminlstratorlex￿Ut0r for th¢ est8te has rommuntca*d in writin8 tx)th the amount ar￿ settlemcnt date. In the event th￿ the gift is in ihe fom of an asset other than or a financid assd traded on a recognised slock exchangG recoBnitLCXJ LS subje¢t to thc value of the 8ift kin8 reliably measurable with v4 dqKre¢ of re&kJnable accur2cy and the title to the L59¢t havin8 tr￿sfer￿] to the charity. Gmftts peceivoble Grants are rco)gnised MdJ¢t) the charity h&% an entit]•Jnurt to the fimds and any (xmdilions linknl to the grants have been met. WhLY¢ perf(Thance c(mdiiiws are attacheAI to the ￿an1 and Hr¢ yet to be meL th¢ incom¢ IB recognised as a liability and in¢ludcAI on the Wanceshect ¥ deferr¢d inci)me to k released. Invesime•tslncoTr Interest on fithds held on depc6il is in¢ludoa when rcceivable a￿1 the arn¢)unt can b¢ Measur￿ reli8bly by the charity, thi5 is norn)al]y UFX)n notifi(xtifft of the intenst paid payable the bank.Dividends are recognised once the dividetjd has deelared and notifi¢aii(m has t¢cn rcctlvd of thedividend du Cliqrilable 4Ctiviti£F Charirabie aetivitics includeHcalry residentsj h￿n4 J(thn Taplin day ¢entrq duE6 and other serwce5. Page 13 Hastings and Rother Volukntydry Assoeiation for the Blind Note8 to the Financial Statements for the Year Ende4131 Mareh 2021 Expenditure A]1 expenditure is recognised Imce thtte is a legal or C￿struCtive obligation to that expenditurq it is probabl¢ settlement is requir&J and the amount can ￿ me4sured re]iably. All costs are alIc￿trd to the applioble cxpcnditure heading that aggregale sirnilar c(ksts to that (atr8￿. Wh￿e co8ts Cann￿ be dir¢¢tly attributal to particular heading% they have Ften all￿trd on a Frtsis consistent with the use of resses. A￿OrdinglY. th¢ charity is potentially exempt from taxati(m in respect of inC￿e or gains received withirt categories covered by Chapttr 3 Part I l of the cOr￿ati£￿t Tax Act 2010 or SeLti¢)n 256 of th¢ Taxali(m of Chargeable Gains Aet 19)2. to the extu)t th* such income cr 8ainsar¢ appliol eKclusively tr) charitable purposes. TangÉbl¢ fixed ￿ets Individual fixed assets costin8 £l.CW ￿ mwe are initially rox￿01 at (xrt Itss any subsequeni accumul￿e￿ depreciatiWL and $uWua)i ac¢umulat>J Im￿]rn￿l l(ws. The cost of the land in¢lud&l in the ￿lance shttt iyJt n(rt d4)￿lated is £284.938. Page 14 Hastittgs and Rother Voluntary Association for the Blind Notes to the Financial StatemeDts for the Year End￿ 31 March 2021 Depreeiation and amortisatio Depreciation is provided on tan8iblc fixed assets so as ￿ write off the or va]uati¢xL Icss any estimated residual value, over their expect¢d useful ￿on(xni¢ life as follo￿.. Asset el#$8 Freehold prLyttty Other buildings Fixturos and fittings M￿Or vehicl&s Depreci8tlon method •nd rAt• 2/0 srraight line hsis I(PA redu¢in8 balance 20% reducin8 balanL¥ 25% r￿U¢l￿8 Edance xed atset Invt5tmettts Fixed asset Investmen￿ (*her than program1￿ rela￿ inVes￿enty are induded at marka value at the balance shed date. Realised gwns l(tss¢s on Investm￿1$ Ar¢ ￿]Culared &$ the difference sal¢s pr¢)cecd5 and their rnarktt valuc at the sw1 of the year, (Y their suWLMt and ar¢ chargod LY ¢reAittsJ to the Statement of Financial Activities in the pericd of diSFrt￿. lJnrealiscd gains and Icsse5 reprcwt the movunent in market valyes during the year and are cr￿lted c ChAr8￿ to the Statement of Financial Aaivtlies Eqs•J on the markd value at the year end. Stock Stock is valued Bi the lowv of c¥Jst and emiMa￿ selling pfiLX less costs to ¢￿Iplete And sdl. after due regard for obsol¢te And slow movin8 ￿t￿ks. cts￿ is de*rniined usin8 the first-if4 first-out (FIFO). Trade d¢btor8 Trade debtors are amounts due from ￿$t￿ner&[#S1dents ft¢ mttchandi* Kjld or services pttfomied in the ordinary course of business. Trade det40rs are reco8nis¢d ai th¢ transactity) priL*. Cash And cash equivalents Cash and cash equivalents comprtse ￿$h rm hand and rall deptisits &nd (*her short-ttrm hi8hly liquid investments tha¢ are readtly conv¢rtible to a known am(wnt of cash #nd are sui¥ed to 8n rn$i8nificani risk of ange in value. Trade er¢ditors Trade creditors tr¢ obliwion$ to pay 8cds or services that hBve W aequir&l in th¢ ordinary cowse of business frorn supplitt& Trade creditors are rwi5ed initiallyat the transleti￿ pric Fund strttcture Unrestri¢ted income funth are ￿er￿1 fimds that are availtbl¢ for use at the trustees's disc¥etirn irt fiutheran of the objectives of thechartty. R&strittcd income fijnds are th(￿ donated f¢￿ usc in a pa￿"¢￿]?T arta or fw specifie purptts4 the use of which is restri¢tuA to that area or purrrt)se. Pa8e IS Hastings and Rother Voluntary knociation for the Blind Notes to the Financial Statements for the Year Ended 31 March 2021 Pebsions other pL￿t retirement obl]￿tiOnS The charity operates a defind contritM]iiu) ￿s1￿1 s¢hern¢. Contrilx]ti(x)s are thar￿fj in the statement of finan￿al aetiviti&8 as they l*come p8yabl¢ in accmlance with the ￿lts0f the scheme. 3 IDtOJDe frm doDAtioDS *J)d Iwtits Unrestricted ruknds Restricted funds Totsl 21121 Gell¢rnl Total 2020 Dthaticw and legacies: Donations fr(Mn ittdividuals Legacies Gift aid reclaimgj GranL% includin8 ￿pIt￿ Government grants Grants from oth¢r charities 5.531 87.707 1.6(K) 6,152 11.683 87.707 50.888 12.750 6.916 195.946 11.423 195.946 36,937 333,873 25.514 35.170 302.207 31.666 105,724 4 Ineome from eharitlble *etivldes Unrtttrieted fuDds General TotAI 2020 2021 Healey House r&5ideftti￿ home John Taplin Centr¢ oth￿ services And tssistan 523.734 1.321 8.843 523.734 1.321 8.843 620.228 47,581 533 898 683 063 S Income from other tr*dlng 8¢tiviti Ullrestrl¢t¢d funds Totsl 21121 Tot&1 2020 GeD¢rnl Trdding income.. Shop inctxne from 5a1¢ of donated 8(Kxts and scrvitts Othtt tradtngincome Ltsal ￿ndraising and stree¢ colltttion inc¢xne 53,S 1495 53.593 2.495 2,014 96,480 2,924 10,238 58.108 58.108 109.642 Page 16 H48tings and Rother Voluntary Assoeiation for tbe Blind Notes to the Financial Statements for the Year EDded 31 March 2021 6 Investment IDCOrn¢ Unr¢stri¢ted rxnds Totsl 202] Totsl 2020 Gen¢nl Inwme from dtvidend& Dividends receivable from other lis￿1 Rnve#ma)ts Interest rtteivable and sirnilar In￿m￿. Intcrest rec¢iv&bl¢ (*) I￿k dwits 10.494 10,494 11.722 51 51 93 10,545 7 ExpenditsTe on nlslDK funds A) Costs oftrnding ficti￿tI Unrtstrfeted runds Total 2021 Total 2020 CtDer41 Costs of 8oods $old L(Kal fijndraising and stred coll￿tIC Note 40,925 40,925 1,518 41,490 39.407 45.472 b) lllves¢ment m&Da8emellt ¢08ts Unrestricted fund$ Total 2021 Tot81 2020 GeD¢r*l Othtt investtnent mana8unait Amounts payable to inves(m¢nt mana8US Not¢ 6.189 6.189 6.189 6,189 5,629 Stsff ¢¢￿ts for trathng Activiti￿ £54,689 (2020: £54.616) Pw17 Hastings and Rother Voluntary Assoeiation for the Blind Notes to the Financial Statements for the Year Ended 31 March 2021 8 Expenditure on charitswe activities Unrestrict¢d Restri¢t¢d runds Total 2021 Tot81 2020 He&ley House John Taplin Centre Other services #nd a&siStance 609.788 29,484 54.565 609.788 29,484 80.079 526,669 77.300 123.657 25.514 693.837 ActiTrity ndtrtlke direc 25.514 719351 727.626 Grnnt fuDdlng of acti￿ty Total 2021 2020 H¢alty 14ouse John Taplin Ccntre Other services &nd wistance 6(V).788 29.484 54,565 609,788 29.484 80.079 S26.669 77.300 123.657 25,514 093 837 719.351 £693.837 (2020- £689.909) of the atove ￿p￿dEt￿re w&5 attributable to uftrestric*d funds and £25,514 (2020- £37,717) lo restrictsd fijnds. In Addition to the expenditure anatysed #bov4 there ar¢ &lso govunance efAts of £2.880 (2020 - £2.880) which relate dirtttly to charithbl¢ a¢tiVities. See nc4e 9 for fvrthLY drfail$. 9 ADaly&ls of governan¢¢ *Dd $UPPDrt c(￿￿ Gov¢rnao¢e costs U4restrltted run4 Totsl 2021 General Total 2020 [ndepend￿t examinu fees EXarninati￿ of the finartciai statem¢nts 2.880 2,880 1880 2.880 Page18 Hastings and Rother Voluntary A&8ociation for the Blind Notes to the Finallcial Statements for the Year Ended 31 March 2021 10 Net ineojnillgloutgoing r¢sourees N¢t ineornitt8 resou￿ fry theyear includ 2021 2020 {PrOfjtYl￿ on dispcsttl of investments Depreciation of fixed asseL8 Independenireview fee (120.469) 16.458 2,880 20.012 17.796 2.880 IJ Tru$tet$ rernuneratiO￿ And txptn No trusie¢4 n(Y any Fer5￿$ connerted with than. hive ￿1Ved eny remuner&t1c￿ fr{#￿ the charity durittg the No trustees have received ony r¢imburseAI ￿pu)￿S cff any ¢rther bu)efits the tharity durin8 th¢year, 12 Stsff c(4 The&gsrwte Payroll were #s fo]lows". 2021 2020 Stsff coxts durlng the yur wert". Wa8¢$ 2nd salarits including LThplo)rrs nBiicfftMJ insuran Pertsion ecsts- employee and employu c￿ts 530.375 30.318 558,355 560 693 589 799 Emplorn llation￿ insur8nL% inclwl&J in the fi8ura8 i$£31987 (2020.. £28.241.30) The monthly average numEw of pws¢￿$ (tncluding s¢niLY man8gen￿t te*n) employa by the chariry durin8 the year expressed as full time gs follo￿.. 2021 No 2020 No Nurstng and care stsff Administratirm, welfare and sh 27 27 32 33 Contributiuis to the employee pthsion ￿he￿￿¢S for theyear lothtlql £11991 (2020- £13.476). No employee receiva cmoluments of rnorethan £￿,1)￿ during theivr. The to￿ employee Eenefits of the key managewt Ptt￿n￿ of thecharity wve £74.2(￿ (2020- £74,0￿). Page 19 Hastings and Rother Voluntary Association for the BIind NotQg to the Financial Statements for the Year Ended 31 March 2021 13 1Dd¢pendettt exathintr's remutteratlo 2021 21120 Exth1nati￿ of the financial stat¢mthts 2.880 2,880 14 T8Utlon Theeharity is a r¢Bister&l charityand is thtr¢fore &Yempt frcrfn tsxAtith. IS T8nglbl¢ fli¢d a**¢ts IADd bulldings Furnlture 4nd equiprnemt Motor vehicles Tot#l Cost At l April 2020 Additi(￿$ 441732 21.345 187,497 173.385 803,614 21.345 At 31 March 2021 464,077 173385 1124 959 Depr¢eiatl( Ai i April 2020 Char8e for theyear At 31 Mard) 2021 59,161 6.012 180.015 1.497 137.589 8.949 376,765 16.458 181512 Net b(￿k ￿1￿¢ At 31 Mardj 2021 398.￿14 431,736 Ai 31 Mkrth 2020 383.571 7,482 35,796 426.849 lTr¢luded within the net W value of land and E4tildin8s &Frt)ve is £389,637 (2020 - £373,275) in respect of freehold land ind buildin&$ and £9.267 (2020- £10,2%) in res￿ of oth¢r ￿lIding> 16 Fixed 8Wt investments 2021 2020 Other investsnents 406 976 Page 20 Hastings and Rotber Voluntary Assoeiation for the Blind Notes to the Financial Ststements for the Year Ended 31 March 2021 Otber investments Llsted invostments Total Crth or V#luatSon At l April 2020 Revaluation Additioni Dispwls At 31 .Mareh 2021 Cash held awaiting inveskn¢nt Tr*et book VAlue 402,594 79.6 204,565 402,594 79,690 204.565 595.203 16,438 595.203 16,438 At31 Morth2021 611.641 Net Book v*lue at 31 March 2020 £406,9n At 31 M4rch 2021 the cost w¥s £494.672 (2020.. £369,698) 17 Stc¢k 2021 2020 Blind aid4 batt¢rie& provi$ions ¢t 3,527 4.774 18 Dtb¢org 21121 2020 Rcsident fees due Prepayments Othff dcbtors 14,3(KJ 20,772 3,618 38.6 45,709 19,(hS1 19 Credltors: amounts falllDg due wlthim one yt•r 2021 2020 Trath Creditors Fbrc Purchase and finance le45e8 oth￿ Creditors 10.854 14,428 2,124 11.879 9.171 20,025 28,431 Page21 Hastings and Rother Voluntary Assoeiation for the Blind Notes to the FiDantial Statements for the Year Ended 31 March 2021 20 Obligatlojw Under leases alld hire pureb8st eontr*tts Th¢tot21 value of filt￿¢ minimum leas¢ pa￿nents was as fD]I0￿. 2021 21no Within one y¢Ar 4,500 Assets held under fJMaD¢e le8ses Vehicle A vehicle h88 i￿) 4uir&l undtr a fingnce le454 no inttre# is due and the final payment was in 2020. 21 Futtd$ B818Dee at I April 2020 Other R¢sounei reco¥ni$ed exptDd¢d gilDsl(IL]Mes) Bal8n¢e at 31 March 2021 re40uree Unrt8trlcted funds General unrestri¢¢￿ fijnds 1.168,714 984,448 (797,￿2) 120,469 Re9tricted funds Rcstricted fvnd 1.476,629 25.514 6,152 Total fllndi 168714 822516 1482781 B*l8Jiee #t I Aprll 2019 Other Resourcej rec￿niSed ¢Xpend￿ gAID￿(lo$SeS) Incom5n8 BalAnce &t 31 MArch 2020 Unrestrl¢tsd fund Gtnertsl UnrestricttsA fijnth 1.152.767 876.074 (840,1 ISJ Restri¢led fund• Restrictrj fund (20.012) 1.168,714 3.547 37,71 TotAI fund8 14 910244 877 832 20,012 1 168,714 Page 22 Hastings and Rother Voluntary knociation for the Blind Notos to the Financial St2tem¢nts for the Year Ended 31 March 2021 22 Analyiis of Det assets between fun Unre5tricte41 runds Tot81 fund$ at 31 March 2020 Restrieted funds General Tangible fixed assets Fixed asset iTiVthnents Currfflt aX5ds Curra)t liabilities 431,736 611,641 453.277 431.736 611,641 459,429 20.025 6.152 Total net &ssrfs 1,476 629 6,152 1.482,781 UDrestrict¢é Total funds at 31 Mareh 2020 Getteral Tart8ible fixed asscts Fixed asset investments Curr¢nt &ssds Current liabilities 426.849 406,976 363,320 28.431 426,849 406.976 363,320 Totsl net assets 1.168 714 1.168,714 23 AD•1￿15 ofnet fvnds At l Aprll 2020 C*sh flow At 31 March 2021 Cash ai i￿nk and in hand Financt le&s¢s and hire purehase gxttracts Net funds 282.515 (1124) 134,697 2,124 417,212 280J91 136,821 IllAllting n¢iws 417.212 At 2019 rt 2020 Cash 21 bank and in hand Finance leas¢s and hIrepur¢hase¢L￿traLx$ Net d¢bt 210.576 71.939 282.S15 204,612 75,579 280,391 Page 23 Hastings and Rother Voluntary Association for the Bllnd Notes to ihe Finaneigl Statements for the Year Ended 31 March 2021 24 Re19ted party transaetiort$ During the year the charitymade the following relatal Wdrty transactic*Js'. Thirtle HArv¢y (Thirtje Harvey made a donation to Hastings & Rother Volutttsry Associatio]i for the Blind duTlng the year of £NJL. (2020.. {£NIL) The majortty of tlie trustees of Thirde Harvey Memorial Ho]tte are also Trustees for Hastings & Rother Voluntary Agsociation for the Blind.) At the bolance sheet date the amount duc t(￿lfrOM Thirtie Harvey was £Nil (2020- £Nil). Page 24