Company registration numbEr.' 3636957 Charity registration rtumkn.. 1102016 Hastings and Rother Voluntary Association for the Blind IA company limited by Muarunt¢¢) Ann1 Report and FinanciaI Statements for the Year F*ndcd 31 Mai'lh 2023 manningtiS Chgrtered Accountants 39 Ili8h Str Hattlc Eosi Sussex TN33 OEE
H4stings and Rother Voluntary Associatloll for the Blind Contents Rcfcrcncc and AdrninistrdttveDI5 Trustec5' Repcyt 2to6 Independent Ex8min&s Repm Ststementof Financial Activities 8t09 Balance Shcet Ioto 11 Statementof Cath Flow5 12 Notes the Fit)aniiAI Slnents 131026
Hastings and Rother Voluntary kno¢lation for the Blind Referenee attd Administrative Details TTu8leeJ TNovi$ cfreasurerl R t•ne P J Gretnhaigh A Patmore {Chairn)an) G Purdey A J Hollis E PcirLr pJtan8 G Stewar4 Prcsident Other Offlc¢rs S¢ulor M4nagemen¢ T¢ F Farri¢r-TMisL Thief Extty¢ive Offictt P D¢i8an. Home Man Prlnelpal Offle¢ 3 Urn Mkzc Hill St LnardS on Se4L E&%t Sussex TN38 01.Q 39 High Strea Ilattle L&8t Suss TN33 OEE Re%frJtered Offl¢¢ The charity is intrKwY8toJ in En8iand and Wales. 3636957 Company Reg1$tr•t1 Number Chlrlty ReltrAtIon Number 1102016 B•nk¢rs l.loyth knk 3rd Floor. North Bl<y. St Matys Court 20S(Msry*Hill LONtX)N EC3R 8NA Independ¢nt Eumlntr R TKWalsh Manning$ CharttTcd a¢(YAml 39 High Strcet ljattlc Fast Sussex TN33 OEE Page I
Haslings and Rother Volunlary AMociation for the Blind Trnstees, Report Th¢ trusie4 orc direL%ors fw the purr of ¢xYnpany law. the artnu81 rewt together with the tinanciai statements oftheeh4ritsNe o)mp9ny fty theyear enda 31 Marth 2023. Trw¢ee$ T Novis (Treasurtt) R Lane P J Grehal8h A Trore Ichairnwi) B G TrrdeY A J Holli5 E P¢irce P J I,an8dm lapp)in¢¢d 14 0¢tOb 2022) Oblectlves #nd ctlvltlt8 Objects olms The charity's objective is io provide seNc¢s and suwxt for Tri$11Y ÉmrAir&J rwle livin8 Wthirt the QTeA of HAstin8S and Rother. The A¢xJeiitim'$ princi1 activiiies are resideniial care carritsj out Bt Ht4Jry H(MJse ond dtsy cart prtsvision llt Ihe John Taplin Ccntre twitt & Mrek. We also hold Social and Reh8biliwticfft actÉVili¢5 in th¢ John TRplin centre and in B¢xhill. We offer advice. infomati(¥) and SUPkKWt th¢ visually impairol of ajl a8es livin8 in Haslin85 and Rthher. The socieiy mntinues ¢0 a$5ess the need innovatil and cffltsnucs seck to imFWOVe the ran8c and quality ot-i¢S scrvi¢¢s where r¢sourcc5 and fvndin8 allo¥.. The A&socia¢iw employs Mrifare officers work ¢)ui of Ile¥l¢y Hous¢. -rhc policy of the organivtith 11% io k io rffovide high quality and SUPFOrt ftir visually impairtyj pcople living itt Ilastings and RLNhkv and senLYatc re¥tntsc from fcc4 dona¢i(ffi& legacie& grants And ndrAiSIng in order ¢0 provid¢ ihe5C 5crvices. Th¢ Trustees of the AwKiatiM mttL a ti MthlY knis ty mwe fro4uy. and ovusee the deditrd L¢4m of ployees and volunteers. The AsslatIon ha5 two sh(ys: (me in Ikxhtll. the her in Silverhill wthith ttiTrue with the support of our Warehouse. Togethtr they 1111e ¢0 wovide an invaluable srl of irtCLNne ond our Bexhill Shop. alottg with the charity continues to provide invaluable gift ai Page 2
H#$ting$ 4lld Roth¢r Volllntsry Asw¢llfioD for Ibe Blind Trn$tces' Report Objecllva, slralegles ondacllvl In October 2011, a new CTLW ¢[nty Low VISI Supwrt Sttvice ivas launthed widtt a thrcc ycar funding greemtht bttweth East Sussex County Council and SUS Visioft Haqings and RotheT Volun(ary Association for the Blind is respmsible for delivttin8 this contfdLt in the Hastin85 and Rothtt (wtreach Irk for patients attending Bexhill and Conquts( H05Pital cye cliniLE alon8 c4NJrse5 to FAJild confidthc¢. rduce isolati(m and ¢reAte indepthdthK skillsand strategies for daily livin& including cu)kery and an introdudi¢)n to computers. In Oaolv 2014 fiLndin8 StrUr for a fvnher 3 )ws. this came Lo an end in SepteTniT 2019. We $uccessfjJlly stturoj 8 new 8r8nt in oClr 2019 for five to ycarj to provide 8 ¢4Mnprehrnsive low vision sUp1SerVice fi peq)le with visual impoirnithL Hastin8$ and Roth¢r Voluntary A&wation the Blind is now al Twsiblc f LYMxdinatin8 the firs(518gc of the re8iStratiM proccu of Cvls IC4ific4tc of Visual Impainncnt) lthajf of FA8t Su&sex County C(Amcil couniy-wid¢ kn1$. FundroL%lnx dtsclwmres Fundrai4in8 4LtivitLts are Undertak£ ty the eharity raise funts. Publ1¢ b¢n¢ The trustees ccffjfim) thAt they have o)mplioJ the reqUireMts of wion 17 nf the Chariues Arf 2011 (o have due regard io ¢he public benefit guidan pubiishal ty th¢ Charity Commi55ion for Englond ond Wales. Use ofvolmnieen The Charity h&% aprKoximatdy 50 volunteas knd these voluni¢en assist in the $hop& imth etrAy, drive OT escort on the mini1s< Tun ihe cluixs alld aL1ivi¢ics tsf the manixrs. We we fortunale io have the valuable volunte5 thaL we hav< IXLL we are always the I01 more hdp with drivin8 our minitx Aehl¢vemtn¢s ind ptrformAn¢¢ The w¢io¢iryi coitinues to (wate from Heaiey House. We have now Ie&d our Jthn Taplin Cqjtyr Club w iwir¢ ¥ Mrrk M(¥>d1) dThUrSdaYS. l)ur rdail s¢rtion frcffl sLM8th to stren8th and continu&% to wthide a valuable (xtriji1cn to the running of the 4(l&tic. Fln4ntlAI revltw There conunues to k a high levels of ¢ompdiiion rtsid1 Ca and a d¢m8nd for more p&)ple to runain independl in their owi hrm¢s, pl loW c4A of livin8 increas&s fees from sttial setvice fiJnding puts financi rxessures Hcalcy House. Whi15t Hastin8s and Rother VduntaryA&sociation ft* theBlind remains sound and s(abl< the TrSIteS must dosely mana8¢ C¢5 and c(lInUe10 improvr lF•M¢Y levels. Th¢ trolance Sheet rem&ins 11 strudurol Pa8e 3
Hastings And Rother Voluntary knocfiation for iht Blind Tn1$, Report Pollry reservc The trustw havc exarninl the rowirunent f frec rcscThc5 NlJidL are thLw unre5triLtrJ fiands not invesj in rixed a&scts, designatol fly spe£ific purtx)5es or rthcnvise L¥)mmitted. As ai i Isi Marth 2023 restriatyj funds t(rtalled £6.152 12022.. £6.1521 and unrtstrlc1 fithds l]j £1,255.281 12022.. £1.366.8511. There were free reserve5 at the year end of £319.526 {2022.. £322.331) rwesenitd by currtnta&%ts. With the help of mth[Y m•na8•7)ULt acCtt liquidity eAn iy quid(ly idenufied and the appropriate 8dion iaken. However, the wlicy of the thari¢abie compatsy is w lId up reserves by means of annua] operaiing surpluses and judicious mana8crnaJl of our investsnent assets, to et)we that th¢r¢ is Suffici¢ liquidity availablc to fjnance thc charity's W)rk at all lim&% give# ony identified rcknlems. PrlnclpAll4ndlng.$o4rces Whilsi the charitaFAe company's largest Éicms of inifN¢ 8re frcrtn Healry House and thc sh¢y. thc investmt& donation% 8rants and l¢ga¢i¢s also provid¢ valuable SreeS ofincomc hclp fvnd the chlty. InveslnKn¢pollcy ¢JbJe¢rfKf The charitable company eoniinues to strike a b8laThcetawYen thene•J fw 5h¢yt tm liquidiry long ¢emi gr0h. It is felt that the currenl asscls represett] and bank bAlances 8re sufficien( to meei the &ssociaLion's fore5ceable need5. Thc mw)a8a ty inYuLmcnt Ixokcrs. Walkcr CriTr% .StnckVrokers Limiied arc dcsi8ned to give a reasonable l¢vcl of dividend inL¥)rne cthnbln with theq)pxNnity for I(8 ¢um pItal growth. A5 with ihe prewous years mfirkets rem•inoJ un¢xrtain: th¢Pf10 i$ 4 I8 kn inves¢mtht 8nd it is h¢)ped th$t the m8rk¢t conditions c(jntinto improv Strneture1 governADce Nfjlure of8overnln8 do¢4n¥nÉ Haslings #nd Rother Voluntary AvlatIC for the Illind is a (x>mpAny limittyj by guaranttt gov¢mLyJ by its Mttnoramthm and Articlesof AssrKiation. It 15 as a ¢harity wth the Lhwiiy ctynmisyl. The apy>intmtnl ot. trusw who are alw direct 15 SOrned ty the Articlu tsf A&wiatinn of the charitahle company. Thc Fk)ard of tru%tets is authorised to aPrIn1 new Trustcas to fill v&cancies arising through resignatim or death nf an ¢xi5tin8truste& The trustccs of the ¢h3fiLaNt company mec( a Fit mththly t4sis (r more frequuily if ¢irauns¢an¢e5 require. The ssoation aaively seek5 new truste&%. Inducfion and trallftg oflrnrtees Trustees are iYief¢d on theorganisatim ar StrUrt along with Sfme ixck8rwt)d infmatiw on the hisw of the ¢hHrity. They receive a copy of thc Effhurc and years aLWllts. K¢y mana8emcnt Pne1 the Chie[EX¢uv¢ and the rcmunLYa(i(xJ reJ]ects the r&S)nsIbil]lls of the role and 15 agreed iy theTrws¢eu. ge4
Hastings and Rother Voluntary A&8ociation for the Blind Trnstees, Report OrganAsolloRols¢rncth The chariLy 15 tijn by the trustees havc atvjintcd a Chief Expwiive in ow411 tharge of administrati¢JL. It is thc Chief Exccutive'5 JIA) to keep trustcts regularty inf(rned and to impleML the trustces Policies. The iru%iees have a]so apwinted a Managcr ai Healry H&¢ (o ovcrsee a]1 &srKcts of Roidcntsd Car& Th¢ invastmenLs arc managed by the s¢ockbroki¥s and of the trustecs. MtTJor rtsks And monrfgeipoIl0wtrtsS hlajor risks. BuJipK55 risk andopcralioMITisk To maintain r¢sttves and fimdin8 at a levd so the dwiry is able to F*ovide seryices and any additi81 servic&s if required. To mana8e this Tisk the charity carri&5 aTh annual revithv of u)ntrols over k¢y fingn¢ia] sys¢¢ms and review thc monthly managcmrnt aCCLnts to adjrf 5trAtrgiGsto mi1188ic si8nifJcanl risks. Page S
H4stings and Rother VoluntAry knociation for the Blind Trnstees, Report Stai¢Jll¢tt¢ of Trusttes, Responsibilities Th¢ Injstees {tho are also the dire£t(Ys of Haing5 and Rcthex Volunthry ASation for the Blind for the purp05ts of company lawl are ruronsiblc for PTeparing the trusi¢¢s' rctm and the financial statcrnents in accordance Mryth the United Kingd(Th Aecouniing Sthndard5 (Unitrd Kin8¢kxn Gencrnjly Acqthl ACcting Practice) and applicable law and regulatIS. Company law wuir¢5 the trsleeS lo werAre financial Aatrmcnts f(r financial year. Undw compony law ihe ustc¢g mws¢ noi opwovc the finanaal statements unless they are sJiisfittl tha¢ they ¥iv¢ # tru¢ fair ii¢th' of the state ol a(fairs of the charitsE4e company and its incoming resre¢S and 8pplicati of rth)urets, including its inethne and ¢xd1¢U for thai W1j. In wepdringthtte ffinanehgl the tre¢S are ro4uiroJto: sel¢r¢ SUiLable aeL7)unliTh8 policies and arffjly the¥n Ix>n5is¢a)Uy. ob5erv¢ the meth(Mls and princip1£5 in thc Charitsi¥ SORP; makejud8wi¢nts and cstimatos are rca$Lab1c and stale whdhcr applicable UK AcmJniin8 Sw)d•rds have be followrd, 5uiy'c£t to any matrsial d¢partura discloscd and #(plained it) the financial 5¢•iemMw and prepare the rjnancial statements on the 80it)g c(fficffn t•sis unl¢ss li is inapprryriate to presume that th¢ charitable company *'ill continue in bJsines5. The trnsiees ore responsible for keeping adequate accounlin8 rttds that Hre sufficient to show Ind exploin the eharitat mpanY$ transalS and disclose wryth reE4t acLwracy al any time the financia] Posiiioii of the hari¢abie ¢ompany and enable them w ensure that the financi ¢omply wih the cornp8ni A¢1 2006. Thw are also resp)nsible for sofe8uardin8 the &85ets of the tharitaE4e ctsnpY And f(Y tsking reasonable sleps for the prevention and dctcction of fraud and irre8ularities. The annu rq approved by thetrustees of the tharity ( and si8nedon its behalf by.. TNovis (TrSur} Trustee A PathJor¢ ILh&iTmanl Page 6
H451ings and Rother Voluntary Awiation for the Blind Independent EMiner'S Report lo the trnstees of Hastings 2nd Rother Voluntgry Asgwiation for the Blilld I r¢port ts) the tharity ¢rus¢tts on my tTrInati of the ac££wnts of th¢ tharity the yr cnded 31 March 2023 which are sct out on page5 8 to 26. Resptctlve respollsibilitl¢s Of trnstees •tyd emmlner As the charity's tru5tces of Hasiin8s and Rother Volunthry ASS11 ts the Blind (and also its direcior5 for the purpC$ of axnpany lawl yw are r¢sp)nsible for the prqMrnti(n of the 4ts in accordance wth the reqUIremls of the Companic5 Act 2 I'the 21X)6 Aa'l. Having sa¢isfioJ myself that the acLXMmts of H&#In and Rother Volvn¢ary A(latI¢ for the Blind arc not required 10 be audiied undtt Part 16 of the 2006 AL and are eli8ible f( indepthdtht axaminatim, I r¢p)n in re5PCCt of my examin8tso) of your ¢h8rity'S acwjnls as carTiuI out undu 5eaion 145 of the Charities ALt 201 11'th¢ 2011 Act'l. In carryin8 Out my ¢xaminauui I have followrA the DiruiLW 8iven by the Charity C¢)mmi5sion undtt seetion 14515)Ib) of ihe 201 I Ad. Independent examlDer's sttemtnt Since 11&stings and Rother Volyn¢•ry A&140 for the Blinds gra%s incomc ¢x¢eed¢d £250.0) your examin rnust bc a mcmber of a iwJdy listed in Seth1¢ 145 of th¢ 2011 Ad. I nffirrn l am qualifioj to undcrtake thc cxaminatim uSt l am a mcThbcr of . which is one of th¢ liMttl tK)di44. I h•ve o)mpl¢ted my ¢xaminaucrt. I tx)nfinn no rnaLtCfs hov¢ mme to my a17¢1 itt eonnecLion w'ith the examinati{ 8iving me rau5¢ to tdieve: l. accountin8 records Mv¢ not kew in resped of Hastings and RLxher Voluntary As80¢iatiM for thc fllind requiral lry section 386 of¢hc 2Tr)6 ACL I 2. th¢ a¢x(¥Jnts do n¢)1 aiLwd those rccords.. or 3. the accounts do comply with the a¢¢n[Ing requirunt¥ts of sertion 396 of the 2( Ad othtt than any requirement the acwjnts 8ive a 'truc and fair view is mauer a5)d¥¢d os part of an independthi Cxaminati. LY 4. thc accounLS have not prepara in A¢oxdanLt with the mcth(yJ5 and prin¢ipl¢s of the Statement of R¢Lummended Praetice fy a¢u)yn¢LII8 ¥nd rqx)rting by ¢haTitie5 lapplicablc io chgrities prepuring their accounts in accordancc Mith thc Finan¢ial R¢pYLin8 Swldard appli¢ablc in the UK and Republic of li¢ld (FR$ 10211. I have no conc¢ms and have ¢(Mne no other mluers in umnedion 7th the examinaticffl to th]ch Jtt¢ntion should bc drawl in this r¢FKrt in order alabie a proFtt und(Trtanding of the acrnunts LO be re4¢he4L R TKWalsh MannIng¢sCh8¢rthl 39 High Street Battle E&st Susgex TN33 OEE Date.. Pgge 7
Hastings and Rother Volulllary Association for the B]iDd Sthtement of Financial Activitie5 for tbe Year F.nded 31 March 2023 ncluding Income Expendilure Account and StAtement olTotal Recognised Gains And Lot5} UresirltttyJ Tothl 2023 Cenerl Restricted N•t¢ Income Ithd Endowments frw: Donalions and leg8eies Chariiable activities othcr tTadin8 aciivities Inv(ment ineLne Othtr in¢om¢ 226.337 515.271 144,657 16,525 24,698 35,423 261.760 515.271 144,657 16,525 24,698 Total Income 962 911 Costs of trath'n8 artiviues Sff Costs Invc5tment mana8fmtht ¢(ts Charitable &criviiies Govttnance e05ts 144.954} 62,303) 16,214) 1812.640) 144.954) 162,303) 16,2141 1848.0631 12,1601 135.423) Tot81 Expendlture Rcalised gAinlllo81 on investments unriSed 8ain/llossl 011 invesrmen Net expertdiiure 1928,2711 15.9501 {35,423) 1963,6941 {5,9501 104.837 1,570 111570) Net movcment in ndS {111.5701 1111.5701 RecoNclllation of funds Total fvttds trought fm4xrd Total fvnds edrried fomrd lJ66.851 1 373.003 21 l.255.281 6.152 1.261.433 The not¢s P8gas 13 26 forni an ITh1 tArt of these fiTr#n¢iai s¢atements. Pa8e 8
H8$tiDgs nd Rother Voluntsry AtAtion for Ihe Blind Statement of Financial Activities for the Yer Ended 31 March 2023 (Including In¢om¢ and Expenditure Aceount xlld Sl4temenl of Total Rerognised Gains and Total 2022 Gener*i Re51rlt¢¢d Note In¢om¢ And Endowwt1115 frorn: Dmations and legacics Charitable activiLi&4 Other tradin8 activities Inv&stment incun¢ 175.(Kl3 338.710 138,066 14.486 21.961 196.970 338,710 138.066 Total In¢ome 666.271 21.961 688 232 Exptndltur¢ on.. Cosis ol'irading Activitics Staft'Losts InvestMt manageMt ct Charitable activiiies JovernArtce etssts 143.6041 158.9281 (7.0191 {666,419) 143.604) 158.928} 17.Ol9y 1688,380) 2,8801 121.9611 Totsl Exprnditure ljnrealised 8ainl{lossl M investhjffits {77R.850} 2.801 (21.9611 IROO.8111 expendiiurc 109.778 109,778 movement in fund8 (109,778} 1109,7781 Toial funds brwgh¢ fomrd Tffjal fijnds ¢orri•J foN•rd .476.629 6.152 1.482.781 21 1306851 1373 003 All of thecharitys activÉtiu dviv¢ ¢oniinuin8 optyati(w durin8 theabove ptriods. The filnds breakdown for 2022 is sh¢)Th in notc 21. The not&$ on pa8os 13 to 26 forn) intr] partof these financial Page 9
HAstings Rotber Voluntvdry A&gociation for tb¢ Blind (Registration number. 3636957) BalaDce Sheet 45 at 31 MAreh 2023 21)23 2022 Flytd #s$¢ts Tgngibl¢ asse Inves¢m¢nts 16 17 420,937 520.970 428,635 622,037 941.907 1.050.672 Curreni w$¢ts SCks Debtors C&th at bank and in hand 18 19 3,712 72.335 275.055 62.096 291.742 357.444 351.102 Credltors: Amounts falllng due wlthlTr olle yelr 37,918 28.771 N¢¢ ¢yrrent Amets 319,526 322.331 Net *sJets 1.261,433 1.373.003 Funds of the ch8rlty: Restricted incowe fondi Ro%triLtLd 21 6,152 6,152 Unrey¢rl¢t¢d Ineome funds UnrL%lri¥l 1.255 281 -366.851 I'otAI funds 21 1.261433 1.373.003 Ftr the financial yeor ending 31 March 2023 the tharity ffltitled to &xemoion from audii undtt secticffi 477 of the CcThpanie5 Act 2006 rcl&ting tp small mponie& Dir¢¢tOTS' rcswn%ibilities'. The rncrnbcTS have not rg4uired th¢ tharity to oilain m dit ol its aeLY>unts ftr the year in questi(m in aCCdancei1h 476: and The directors acknowlcd8e their rc5WnSi'litlcs for oJnplyin8 th¢ requirwn•ts of the Ad with respect io accounting records and thepreparati(m of a(wun Thttc accounts have pretwd in axth¢ with the w0visi5 appli¢abie to o)mpanies subjttt 10 the small ¢ompAnies regime. The not&% on pages 13 to 26 an part of these financial statcmenL P¥g¢ 10
Hastillgs alld Roiher Volutttsry A110 for Ihe Blind (Regiq¢ration number. 3636957) Balance Sbeet as ai 31 March 2023 The finartcial sthtemertts i)n pa8ts 8 tt) 26 #pwoval ty the and authwi51 for issue on .... and signed (KJ thar Ech&lf try.. TNovis ITrwur¢r} 'rrustee Thc n¢Au on pagcs 13 to 26 forni an inte1 FArtof th#c firtprtcj statemt Page 11
Hastings and Rother Volun¢ary kno¢lation for the Blind Statement of Cgsh Flows for tbe Y¢ar Ended 31 March 2023 21123 2022 Note CA8h flows from oper•tlDg Ietivitiu Nct cash cxpendtlUTC AdJuStMets to Cash flov4s from notyc•sh It¢ms Depreciati(n Investment inoxne l.(xs&liprofitl on disTA)581 of investmcnts R¢valuation of inv&%thients 1.570 14,956 116.5251 5.950 104.837 16.231 114.486) {43.8641 41.064 109.218 1,055 12.352) 1110,833) Workini epltal adJryJtmeDts D¢cre8sellincreAse) in.kS Decrea%ellin¢rrasel in dcl Incre4se in editOrS 18 19 20 Il851 133.6451 ,746 10.239 9.147 Net cash flow5 from operatin8 aciiviues C*sh flows from InvestlDg Ittfvltl Intertst receivabl¢ 8nd.4imilaT Lncome Purchase of tanwbl¢ fjxed assets Sale of inv&s[mts 17.140 135917 390 {7.2601 21 16 Net Lash flows frorn inv&stin8 aciiviiies (6.867) Cash flows frottk flthantlll% g¢tlvld InlcrLst payablc and Simil char8&4 Net jnueas61dttrcI in And osh LxwLvaits Cash and Lash equiv4lcnts at l April Cath And cA8h tyuivalcnts at 31 Mtyrth 6.414 6.869 16,687 1142,1571 275,055 417.212 291.742 275,055 All of the flows are derived frthn c0niinuin8operl( durin8 the atrA)vc twy) p¢ri(vJ& Thenotts pa8e$ 13 to 26 forn inte] pthof thc5e fin8ncial Statem1& Pa8c 12
Hastings and Rother VoluntAry knoclatioD for the B]ind Notes lo Ihe Financial Statements for the Year Ended 31 March 2023 I Chgrlty stat The charity is limiitx4 by guarantc4 ino)rrmtyJ in England and Walcs. and o$¢qU1t1Y does no¢ havc 5harc capi. Eath of the trustcts is liable ty (x)ntrilNJte gn amow)i n(rt a¢eedin8 £1 toMw<Ls the Asset5 of the chari¢y in the event of liquidati(n. The addrt&% of its re8lsttr offict is.. 39 High Street Bottle E&st Sussex TN33 OEE The princitol pl8¢¢ of is- 3 IJppEr Ma7£ Hill S¢ l.eonard% on 8ca $81 Susscx rN38 01 2 Accounting poli¢1 Spmmory of l%nlllcant atcountlni polltlu Ind key attountlng udm•t¢s The princi accountin8 policies applied in the prq)arauw of these financia] staiements ore set out 10,. These poli¢ies have E¢en eonsistently arylied to all the ytsrs pr¢5enied. unless othernise ststed. stsiem¢nt of tompllAntt The financial S¢a¢cmcnts have trLen prep8r•J in a¢¢dance Mryth ALrountin8 and Rewtin8 by Chariues.. Sta(ement of RcLommended Praaice applicable charities preparing the4r aeLY)unts Èn acrdanCe wth the binancial R¢iN)riin8 %iandard applicable in the UK othd RqblIC of Ireland IFRS 102) lelTcdivc l Januory 20151- (Charities 8ORP IFRS 10211. Ihc FIn9na Reportin8 %¢andaTd appli¢abt¢ irh th¢ IJK and Rcpublic of Ireland IFRS 1021. They ajsu u)rnply with ihe CompAni(8 Ad 2(Mkn and ChuritiesAa 2011. Basts of pr¢parilo Ilastin85 and Roiher Voluntary A&8wiation for the Blind meds thc deflnitirm of a public erit lIty uThd l."RS 102. A%scts and liabilitits ar¢ iniiialty rtCO8nised at hist(Ki] cosi or tran5acii(m value unless IAhcrwi5e stsied in Lhe rel¢vAnt ac(y)untinB policy ncrt¢s. Golng eoncern The trustees LX)nsider that th¢rc arc no material uncertainties th)ut the tharitys ability to atInUe as a goin8 )ncern n(r any si8nifi¢anlarw of uncertainty thst aff¢a th¢cwrying value of hdd by the charity. Page 13
H]ng9 And Rotber Voluntary A&sociYdtion for the Blind
Notes to the Financial Slat¢meDts for the Year End 31 March 2023
JMdgem¢ttts
In Pr¢parIn th¢se fit)0ncial stst¢m¢nL% managem1 has made the follo1n8 jud8emettts'.
Dcterminauon of Mthcthtr thcre Jr¢ indirai(n of imp3imiu)¢ of th¢ ChHriiy$ tsrt8ibl¢ &sas. Facwrs k¢n inio
Hastings and Roth¢r Volunlary A&wciation for the Blind Notes ¢0 ¢he Financial Statements for the Yr Ended 31 March 2023 ChaTllqble acdvldeJ Charitable a¢tlViLies include Heal¢y HSe Ttsidentsl h¢xn< J(thn Taplin day centr4 club5 and othtr suv1. Exptlldliure All expendire is rwogni8ts1 once there Is a le8 cff lS1Ve obli8aiion to that txwditure. it is proFAble s¢ul#n¢nt is required and the aMt can be measured re]iaNy. All costs are allted to the applicable expendilUIt headin8 that a88rc8atC similar CL&5 to tegory. Whcre w5ts Cann dircLtly attr1EIed to particu18r he4din85 they have E¢cn allocated a E4sis $]Sten1 ivith the use of reg)urces, wth Centr staff costs allocated on the basis of time spenL and thprecia¢i(n charges aJloc8ted cm the p)rticffi of the assd's use. support costs are all(Kated b4sed on rhe spread of siaff CCOL5. All r&Sourc &YpendtsJ we inclusive ofirrecovttthe VAT. Th¢s¢ 4r¢ wsts InTrts in 8ttraLtin8 voluntary inLYm¢ the mana8ernenL of invesiments and those in¢wnvJ in tr8din8 activiti ihat raise fijnds. Charllableactlvlll Charitable expditure ¢omkfiS¢S thcoe ci6ts inr[l by the tharity in the deliw of its 8diwties and 8ervi¢&8 for its beneficiaries. Tl in¢ludc5 tdh that allOted dÉroxly to suth activities and th05¢ L¥)Jts of an indir¢ nlltu necessary to supp)ri them. Governance costs These include the ec6ts aitribJ¢able the ¢harity's compliance Mith cortrstitutional and ststutory requirements, includin8 audi4 sir8tc8ic mana8emcnt and trustees's mtttin8s and re]Mrsal cxpcm5ts. Irrecoverable VA T IrrcwvLY2hle VAT is thorie)J a8ainA the L¢8Y of resrfijrces expen&d for thith 1tH intyjrroj. Taxntio Th¢ charity 1$ con5idcred to rAss the iUL8 in Poragr4th 1 .SthgJul¢ 6 of the Finonc¢ A¢t 2010 and thtrcfore it meets the drrinlu of 4 tharithbie company for UK Ciwali lax purposes. Acc4)rdsn8ly. the charity is poteniially exempt from tsxatirm in re5PeCt of income or ¢api¢al gain5 Tettived 1th1n catcgorias cth'ercd chapt 3 Part I I of the CiYp)rati(M Tax ALt 2010 256 of the TAxatiM of Ch&rge4ble Cjains Act 1992. to the extent that such in(k)me ( gains are applied exdusivety w th8riwtle purp)5 T*llglble fixed gssets Individual fix as5¢ts $ting £l.¢KK) or mtte are initially rttordcd al LDSL less any sutrwuent ac¢umulat4J dcpTeciati(m and Sutr¢t &Cmu1a1cd impaimMi It$. The cost of the land includoj in thcbalancc shcct notdcw¢ciatrd 15 £284:938. Page 15
Hastings gnd Rolher Voluntary Association for Ihe Blind Notes to the Financial Slat¢m¢Dts for the Year Ended 31 March 2023 Depreclatldtt •thortlsdo DepreLlatiixi ss wotrided on tdngible fixed a8sets so as to WTioff the valuatiiy4 less any ¢stIM# rtsiduai value, OWLY thcir ex u5cfvI LX<M(xnie lifc &$ folloTh7: A$$¢¢ elass Frcchold pri4)rrty other buildin FixlUTa5 and liltin Motor vehicles DePree1¢l mtthod rate 2% straight lin¢ b8St$ roJu¢ing trAJanee 2 rcduting tolance 25% r1¢1& Edance Fli¢d gsset Inve$tmeDts Fixed ass¢i inv&g(men¢ oihtt than programme relawj inv¢sumen are included ai markdvalue ai the Eélttnee sheet d21c. RealLd 8ains and lo& (XL inve5tmcnts are ¢aloJlatcd as the dIff£n¢C bctwren sales procttds and ¢h¢ir market vAlue at the STart of the yetr, or thar cost, and are ehargeA or eredited (o the Siatcrnent of Financi Activiiies in the puiod of diswwl. Unrealt5ed 8ains and1055e5 represent the movement in markct valucs durin8 thcyar gnd are creditd or Lar8oJ 10 the Statcmentof Financial AcLiviti&s FAsed on thc markavalue the year Sto¢k S¢wk is valued at the low¢r of u)5t and cstimatcd scllin8 pricc Ics5 rSts to mpIetr and xll. ats due regard for obsol¢te artd slow moving stocks. CLW 1$ dd¢rmintyJ usiThg th¢ firsr-in. firsi•OUi IFIFOI. TTAde debtor5 Tra(k d¢trAoTS are amounts due from cuswmttths1dts r(r m4xhandi% vA)Id tr swvica pttfomed in the ordirtary CIYJTse of IsineSS. Tride debtors Are rwnised At the transaai(ffi price. C4•h And cwsb equlvglethts Cash and cath equivalents LX)rnprise cth on hand and call deK¥)sit& and sh(rt-t&Ym highly liquid invtstrnents that are rcadily cortvu¢ible to a knolw amouni of ¢&th and are suiy'¢¢t illSi8nifiwi risk of change in value. TrAde eredltors Traik crcdil(xs are obli8ations to pAy ( strvitts have been acquir in the ordinary cour5c of bJ3inass from supplier& Trade creditors arerecognisuj ini¢ialty the tyansaaim price. Page 16
HastiDgs And Rother Voluntary A&soci&tion for the Bliknd Notes to the Fillantlal Statements for the Year Ended 31 MAreh 2023 Fund struttsre UDrestriLted income fun<L8 are gcncraj that are 8vaila14c the tnts1.5 discra1 in fi]rthtyance of the objectives of thc charity. Restricted income fund5 are ihtte dffia¢cd for us¢ in a parti¢Jlar area or wific PUTrK6e& the use of Mthleh is restricted to thot aro or purr%. P¢nslotts other p1 rttlrethtnt oblizations The tharity opcralcs a define41 contr111[x) rxnsl 5th1¢. ContrityJti(MLS are thargrd in th¢ slaittnt of financia] activitie5 th¢v bttxyne payabl¢ in 8c¢ordanc¢ with the rulrsof thc schernc. 3 Income frow don#tlonJ and It%•¢l¢s Unr¢s¢rlethd funds GeDtrl Restrlcted Total 2023 Total 2022 Donations and Icgacte5; Donaii¢)ns from individualsand organi(MS Le8acies Gift reclaime GTanL% including cftpi¢al grant4 Grants from (Ah¢r ¢hariti 187.203 17.0 2.991 20,( 207,203 17,0(M) 2.991 20.424 5,000 4.275 19.143 15.423 34.566 167.271 226.337 35.423 l96 970 4 ltteomt from ¢h4rltAbk attfvlties UDrestrlcted funds Geatrl Toil 2023 Tot1 2022 Healcy Huuse John Taplin Ctre Othcr servitts and assistan 476.828 20.430 18.013 476.828 2D.430 18.013 316.853 16.071 5.786 515.271 515.271 338.710 Page 17
Hastings and Rother Voluntsry Awiation for the Blind Notes to the Fin4DeiAI StstemeDts for the Ye4r Ended 31 March 2023 5 Intome from ather tradiTrg Attlth¢s Ullrestr5cted fid5 General To¢#1 fuDds I'otal 2022 Trading inLTh)tr. Shop income from sale of dta 8(MxJs and servic L¢81 fuTrdrai5in8 and stree( thllection inc(Ane 136,968 136.968 7.689 132.067 5.999 138.066 6 Investment ineomt Upruirltted funds Totsl 2023 TotAI 2022 Income from itivid¢nd&' Dividettd$ rectivablc from fAher listcd invttstmem Interest receivable and similsr income: Int¢rut rc¢eivable on bank dwils 16.135 16.135 14.465 390 390 21 16.525 16.525 14.486 7 Otker Illeothe Oth£r income is an insuranLr claÈm £24.69812022- £NILI Pa8e 18
Hastings alld Rother Volyn¢ary knociation for the B]illd Notes to the Finaneial Statements for the Year Ended 31 March 2023 8 Expendttll r•tslugthNds a) CoJt$ oftrading ctlvl¢l Uhre5trlettd funds G¢Rbtrl Total 21123 Total 2022 Nfrte Costs of goods wld L1 fiandrSing stred Coll110 44,558 396 44.558 396 42.267 1.337 44.954 43.604 Stsff costs £62,303 (2022.. £54,689) b} Investmtnl mD8emttst eosts UnrestTlcted runds Gttherl Toil 2023 Totgl 2022 Other invo5tmeni mana8emenr Amounts payable to investment manasus 6.214 6.214 7,019 9 Expendl¢pre ots chrlt•ble tthltles Unrestricted funds CeD¢ral R¢strlc¢ed funds TotAI 21123 Total 2022 HeAlcy Hovsr includiTh8 St#ff kx)sts John Taplin Cenire Other service5 and assistsnce 652,836 25.020 131.7(Kl 672.836 25.020 150.207 561.912 20.(hSO 106.408 18J07 809,556 38.507 848.06) 688 380 InLluded in the aly)vc wditur¥ analy5cd 15 8overnan¢e of 1(10 12022 - £2.880) which relate directly to ¢haritable activiiies. s note 10 further ddails. Pagc 19
HastiDgs and Rother Voluntary knoclatlon for th¢ B]iDd Notes to the Finaneial Statements for tbt Year Ended 31 Mareh 2023 A• Anly8ls of Eov¢rnAnt¢ •lld $upptyrt ¢fygts Gov¢rnDe¢ ¢(ots Unre5tr1ctrd fwnds General Total 2023 Totgl 2022 Independeni aminer fees Examination of the fiThanaal statemenls 2.160 2.160 2.160 2.160 11 Net Intomln%lout8olng resources Net ouigoing r¢50urc¢s the yw include.. 2023 2021 Profit on distM)sal ofinvestments tkprtclatl of fixed asse¢s Independent review fee 15.950) 13.504 2.160 143,8651 16,231 12 Trnsttej r¢muDeratloD and eIpenw No ¢ruste¢s. nor any persons ¢(ffitse¢ th?th than. hal'e any remuneraticrt from the tharity durin8 th¢year. No trustee5 have re¢¢ived any retm)rSQj ¢<5¢$ or any txhtr tttetits from the tharity durin8 the yfdT. 13 Stsff costs Thellwe8aLe payroll cLI Wtre as follows.. 2023 2022 Staff ¢osts durlng the ytAr w¢r¢". Wages and salaries in¢luding •nployers n8ti(m•l insuran sion e05ts. unpl¢)yee and emplw 51K).307 23.470 525.118 27.008 523.777 552.126 Page 20
HingS and Rother Volulltary Auociation for the Blind Notes to the Fin4DciAI Ststements for the Year Ended 31 March 2023 Employvs tsAtIal insurance included in the aEovc figures is £38.6 {2022.. £33.5(kn) The monthly average numFkr of pts$$ lincludin8 sali rnanaganthi team) plOYed the tharity durin8 the year cxprc&%d &8 fibll tirne equivalents was a5 foll(w: 2023 2022 Nursing and eare staff Day Centr¢ Administrati¢XL. welfare and sh 15 20 22 26 Contributl(XL5 ¢0 th¢ anployee $10 s¢hanes for theyear t¢Aalled £10,05912022- £11,575). No anployee received uxoluments of mc¢e than £60.( durin8 theyear. The (otsl employee knefits of the key mana8emffji FgJhnel of the charity £83.352 {2022- £79.8351. 14 Independent ¢x•mlntr's remun¢ratl 2023 2022 Exarnination of the finattcial da¢tnts 2.160 2.880 15 Tx#tlon Thc chariry is a registu ch8rity&nd is thvef(*eexempt from 4[1. Pa8e 21
Hastings and Rother Voluntary A&wciYdtlon for the Blind Not to the Finantial Statements for tbt Year Ended 31 March 2023 16 TanElble flied assets Lknd IlId}V Mot•r vehlcles At l April 2022 Additi(x)s 464,077 2(4).627 7.260 173,385 838.089 At 31 Marth 2023 464.077 207.887 173 385 845.349 Depreclation At l April 2022 ChArgc ti)r th¢year At 31 March 2023 70,871 5.412 185.335 153250 5.034 409.456 14.956 76 83 189.845 158.284 424.412 Nef book vlue At 31 March 2023 i87.794 18.042 420.937 At 31 Mirth 2022 IS.2 20.135 428.633 Included 1th1n the ne¢ value of land 8nd ilIdin% abm is £364.728 12022- £367,577) in rtsp¢¢ of freehold Illnd and iNildin85 and £23,067 {2022- £25.630) in resp&x of (rfh¢r ]lding$. 17 Flxed asset Invts¢m¢Dts 2023 2022 Other investments 520 970 622.037 P4e 22
Ha5ting5 and Rother Voluntary A&8OCi2tion for the Blind Notes to the Fin&ttcial Statements for tbe Ye4r Ended 31 March 2023 Othey Invt5tmen¢$ Listed Investments Tot•1 Cost or Valuatlo Ai i April 2022 Revaludiiun AdditionB Disposa15 606,054 60h,054 {104,14361 11114.8361 172,734 172.734 178,064 171,064 AL 31 MarLh 21123 Cash held #waitin8 invesunertt Net book value 495.888 25,082 495,888 25,082 At 31 March 2023 S20 970 520 9711 At I l Mai'eh 2023 the colt was £549.90212022., £546,132) 18 Stnck 2023 2021 Blind olds, batterie& provisLOnS elc. 19 Debtorj 2023 2022 RtsIdl fees due Prepayn¢nts Other dehnrs 12,234 19,455 30.407 19,174 27,45 25,671 72.335 20 Credltors: amounts falllllg duc within one year 2023 2022 Trade creditors Other creAiiioi's 11,523 26.395 12.599 16.172 37.918 28,771 Page 23
Hastings fdDd Rother Voluntsry Association for the Blind Notes to the FIDaDcial Ststements for the Year Ended 31 March 2023 21 Funds Other recognised g•lnslllossesl BalAll¢¢ at 31 Mireh 2023 Resollre ¢XPtDded Aprll 2022 resources Unrtstrltfed GeneMI Ilnrestricted filnds 1.366,851 927.488 (9282711 {110.787) ,255,281 Rtstrlcted Restricd fijnd 6,152 6.152 Tot•1 fvnd$ I.373.3 962.911 963.694 I 110.787) .261.433 Other Resourtes re¢o%nised ¢xp¢thded yo$110$1tY) BAlxn¢e At 31 MArch 2022 B*lince at I April 2021 ltscomlDg resourtes Unrestrlcted Genero1 Unr&%trictsiJ funds 1,476,629 688.232 1800.8111 2,801 1.366,851 Restrlcted Rtstri¢ted fund 6.152 6.152 Total funds 1,482 781 800811 1.373 0(J3 Page 24
Hastings and Rother Voluntary knociation for ibe Blind Notes to the FinaDcial StAtements for the YeAr End¢d 31 March 2023 22 Analysts of net assets betwe¢ll funds Unrutrfcted Totol fund$ at 31 M9rth 2012 CenerAI Restrlet Tangible fixed ti$3ets Fixed asset investnicnts Cui'iEnt assets Current lidbilitie5 420.937 5211,Y70 3SI.292 137.9181 42a,937 520,970 357.444 37.9181 6.152 Total assets .255.281 6.152 1.261,433 Unre5trleted Total fvnds at 31 Mgreh 2022 G¢nerAI Rtstrlcted Tangible fixed ass¢ts ixcd invc5Lmcnt8 Lurrcnt U5%e Curreni liabilitits 428,635 622.037 344,95n 2R,771 428,635 622.n_17 351,102 28.771 6,152 Total net &tS 1.366.851 1,373.003 23 Anilysls of net fuNd$ At 31 Mar¢h 2023 At l Aprll 21122 Ch flow Ca8h al bank #nd in hand 275.055 16.687 291.742 Net fvttds 275,055 Apr 2021 16,687 291.742 nane flows At grc 2022 Cash ai bank and in hand 417.212 142,157 275,055 Net de 417 212 142 157 275 055 Page 25
HastiDg$ and Rolher Voluntary Ass(Kigtion for the Blind Note8 to the Flnancial Stal¢m¢nts for the Year Ended 31 Marcb 2023 24 Rtlattd PArty tranJaetloDs During the ye8r the thariry m&de the fda1 crans&ui Tbirtle Ilarvey Thirtle Haryvy made a ¢knllt1 to Hasungs & Kothtr Voluntary AsSfKiation fv the Blind durkns the ye8r of £20,000.12022.. £22,0(K)) 'rhe majority of the trustcts of Thirtle Harvvy mem11 HiThe are also Tn]*tts for Ha5ttn8$ & Rothtr Voluntary Asso¢ia¢ion for the Blind.) At th¢ trAlan¢¢ sheet date th¢amount due tsfr(ffi fr(ffi Thirtle Harvey was £Nil (2022- £20,(th). Page 26