2021-03-31-accounts - Catholic Blind Institute

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Trustees		MrJ TBates
		Dr M F Knight
		Mr M G O' Rourke
		Ms A Reading		(Resigned 31"March 2021)
		Mr P Robbins
		Mr SWinstanley
		Mrs E Lockwood
		Mrs J Bentley		(Resigned 8a March 2021)
		Rev J M Jesson
		Mr E M Murphy
Secretary		Mrs SRobertson
Chief Executive Officer		Mr R A Birchall
Charity number		1102857
Company	number	5010874
Registered	oNce	Christopher Grange
		Youens Way
		Liverpool
		Merseyside
		L142EW
Auditor		BWM
		Castle Chambers
		43Castle Street
		Liverpool
		L29SH
Bankers		Lloyds Banking pic
		88-94 Church Street
		Liverpool
		L1 3HD
Investment	advisors	Rathbones
		Port ofLiverpool	Building
		Pier Head
		Liverpool
		L3 1BW

			Page
Trustees'	report		1-8
Statement	oftrustees'	responsibilities
Independent auditor's		report
Statement	offinancial	activities
Balance sheet			15
Statement	ofcash flows		16
Notes to	the accounts		17 - 35

Current financial year					Unrestricted	Restricted	Total	Total
					funds	funds
				Notes	2021	2021f	2021	2020
Income and endowments		from
Donations and legacies Charitable activities Investments Other trading income					324,380 4,170,321 65,118 421,688	41,832	366,212 4,170,321 65,118 421,688	124,477 4,664,361 87,770 512,534
Total Income and endowments					4,981,507	41,832	5,023,339	5,389,142
~EII
Raising funds					10,931		10,931	12,064
Charitable activities				8	5,675,752	39,741	5,715,493	5,530,763
Total expenditure					5,686,683	39,741	5,726,424	5,542,827
Net gains/(losses) on investments					473,496		473,496	(303,994)
Transfers between funds				23	12,174	(12,174)
Other recognised gains:
Actuarial surplus/(deficit) pension scheme	on	defined	benefit	20	135,000		135,000	(40,000)
Net income/(expenditure)					(84,506)	(10,083)	(94,589)	(497,679)
Net movement in funds					(84,506)	(10,083)	(94,589)	(497,679)
Fund balances at 1 April 2020					5,769,570	135,293	5,904,863	6,402,542
Fund balances at 31 March		2021			5,685,064	125,210	5,810,274	5,904,863

Prior financial year			Unrestricted	Restricted	Total
			funds	funds
			2020	2020	2020
		Notes	6		F
Inc me and endowments	from:
Donations and legacies			10,586	113,891	124,477
Charitable activities			4,664,361		4,664,361
Investments			87,770		87,770
Other trading income			512,534		512,534
Total income and endowments			5,275,251	113,891	5,389,142
~Edit
Raising funds			12,064		12,064
Charitable activities			5,464,724	66,039	5,530,763
Total expenditure			5,476,788	66,039	5,542,827
Net gains on investments		13	(303,994)		(303,994)
Transfers between funds		23	23,679	(23,679)
Other recognised gains:
Actuarial deficit on defined	benefit	20	(40,000)		(40,000)
pension scheme
Net income/(expenditure)			(521,862)	24,173	(497,679)
Net movement in funds			(521,852)	24,173	(497,679)
Fund balances at 1 April 2019			6,291,422	111,120	6,402,542
Fund balances at 31 March 2020			5,769,570	135,293	5,904,863

			Notes	f	2021	8	2020
Fixed assets
Tangible assets Investments			14 15		2,829,069 2,427,720		2,901,318 2,563,682
					5,256,789		5,465,000
Current assets
Debtors Cash at bank and in	hand		17	251,585 511,512		334,033 515,581
Creditors: amounts	falling	due within	18	763,097		849,614
one year				(344,612)		(369,751)
Net current assets					418,485		479,863
Total assets less current liabilities					5,675,274		5,944,863
Provision for liabilities			20		135,000		(40,000)
Net assets					5,810,274		5,904,863
Income funds
Restricted funds ~U ~«i d tu			23		125,210		135,293
Designated funds General unrestricted	funds		24	2,829,069 2,855,995		2,901,318 2,868,252
					5,685,064		5,769,570
					5,810,274		5,904,863
The accounts were approved		by the Trustees	on
Mr M O' Rourke				Mr P Robbins
Trustee				Trustee

			Notes	2021 8		2020 f
Cash flows from operating	activities
Cash (absorbed in)/generated	from		27		(655,776)		(93,129)
Investing activities
Purchase oftangible fixed assets				(24,068)		(10,200)
Purchase ofinvestments				(199,816)		(489,273)
Disposal ofassociate				(325)		191
Disposal oftangible fixed assets Proceeds on disposal of investments				1,200 720,674		651,251
Dividends, interest and rents	from investments			65,118		87,770
Net cash used in/generated investing activities	from				562,783		239,739
Net Increase in cash and cash equivalents					(92,993)		146,610
Cash and cash equivalents	at beginning	ofyear			768,988		622,378
Cash and cash equivalents	stand of	year	28		675,995		768,988

Freehold	land and buildings	2'%%d per annum	straight	line
Leasehold	land	Nll
Equipment		10%- 20'%%d per	annum	straight	line
Computer	equipment	33yo per annum	straight	line
Motor vehicles		20'/o per annum	straight	line

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
Donations and gifts Legacies receivable Grants receivable	7,883 2,154 314,343	41,832	49,715 2,154 314,343	96,482 24,198 3,797
	324,380	41,832	366,212	124,477
Grants receivable for core activities
Liverpool City Council Covid 19	309,398		309,398
Others	4,945		4,945
	314,343		314,343
For the year ended 31March 2020
	Unrestricted	Restricted	Total
	funds	funds	2019
Donations and gifts Legacies receivable	6,789	89,693 24,198	96,482 24,198
Grants receivable	3,797		3,797
	10,586	113,891	124,477
Grants receivable for core activities
Others	3,787		3,787
	3,787		3,787

4	Charitable		activities	activities	activities	activities
							Christopher Grange F	StVincent' s School F	Total 2021 f	Christopher Grange F	StVincent's School f	Total 2020 f
	Services provided					under contract	2,452,845	1,717,476	4,170,321	3,116,181	1,548,180	4,664,361
	Analysis	by		fund
	Unrestricted			funds			2,452,845	1,717,476	4,170,321	3,116,181	1,548,180	4,684,361
	Restricted		funds
							2,452,845	1,717,476	4,170,321	3,116,181	1,548,180	4,884,361
5	Investments
										Unrestricted Unrestricted
											funds	funds
											2021	2020
											6	F
	Income from			listed		investments					65,118	87,770
8	Other trading				income
										Unrestricted Unrestricted
											funds	funds
											2021	2020
	Other trading				income						421,688	512,534
7	Raising funds
										Unrestricted Unrestricted
											funds	funds
											2021	2020
											8	6
	investment		management								10,931	12,064
											10,931	12,064

			Christopher	StVincent' s	Total	Total
			Grange	School	2021	2020
				8	f	f
Staff costs			2,142,422	1,472,900	3,615,322	3,462,834
Depreciation	and impairment		37,260	57,857	95,117	131,818
			2,179,682	1,530,757	3,710,439	3,594,652
Share ofsupport costs (see note 9) Share ofgovernance costs (see note 9)			1,253,634 39,857	711,563	1,965,197 39,857	1,906,796 29,315
			3,473,173	2,242,320	5,715,493	5,530,763
Analysis by fund
Unrestricted	funds		3,469,874	2,205,878	5,673,305
Restricted funds			3,299	36,442	39,741
			3,473,173	2,242,320	5,715,493
For the year ended		31 March 2020
				Christopher	StVincent's	Total
				Grange f	School 8	2020
Staff costs				2,078,005	1,384,829	3,462,834
Depreciation	and impairment			40,403	91,415	131,818
				2,118,408	1,476,244	3,594,652
Share ofsupport costs (see note 9)				1,257,280	649,516	1,906,796
Share ofgovernance		costs (see note 9)		29,315		29,315
				3,405,003	2,125,760	5,530,763
Analysis by	fund
Unrestricted	funds			3,389,673	2,075,051	5,464,724
Restricted funds				15,330	50,709	66,039
				3,405,003	2,125,760	5,530,763

FO	R THE YEAR EN	DED	31MARC	H 2021
9	Supportcosts
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
			8	8				f
	Support costs Grange		1,284,566		1,264,566	1,257,280		1,257,280
	Support costs School		711,563		711,563	649,516		649,516
	Audit fees			10,680	10,680		10,914	10,914
	Accountancy			9,887	9,887		8,605	8,605
	Legal 8 professional	fees		~19290	19,290			9,796
			1 976 129	39857	2015986	1,906,796	29,315	1,938111
	Analysed between
	Charitable activities		1,976,129	39,857	2015,986	1,906,796	29,315	1,936,111

The analysis of	auditor's	remuneration	2021	2020
			F	8
Audit ofcharity's	annual	accounts	10,680	10,914
Other services			~9888	~8605

The average	monthly number employees during th	e year was:
		2021	2020
		Number	Number
Christopher	Grange	124	130
StVincent's	School	45	45
Administration		4	4
		173	179

Employment costs	2021	2020
	8	8
Wages and salaries	3,189,425	3,074,122
Social security costs	227,215	214,634
Other pension costs	198,682	174,078
	3,615,322	3,462,834

	The number ofemp	loyees whose annual remuneration was	f60,000 or more were:
			2021	2020
			Number	Number
	860,000 - 870,000			1
	670,000 - 680,000			1
	880,000 - E90,000
13	Net gains/(losses)	on investments

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8
Revaluation		ofinvestments	262,488	(454,264)
Gain/loss	on	sale of investments	211,008	150,270
			473,496	(303,994)

Tangible	fixed assets
		Freehold	Leasehold	Equipment	Computer	llllotor	Total
		land and	land		equipment	vehicles
		bugdings
				f	f
Cost
At 1 April	2020	2,892,154	938,338	548,169	54,201	100,928	4,533,790
Additions				24,068			24,068
Disposals				(630)		(570)	(1,200)
At 31 March 2021		2,892,154	938,338	571,607	54,201	100,358	4,556,658
Depreciation and impairment
At 1 April	2020	1,017,386		481,995	51,108	81,983	1,632,472
Charge for the year		57,843		29,445	3,093	4,736	95,117
Disposals
At 31 March 2021		1,075,229		511,440	54,201	86,719	1,727,589
Carrying	amount
At 31 March 2021		1,816,925	938,338	60,167		13,639	2,829,069
At 31 March 2020		1,874,768	938,338	66,174	3,093	18,945	2,901,318

15	Fixed asset investments	Fixed asset investments
							2021	2020
						Notes	8	8
	Investments in associates					29	48,057	47,732
	Listed investments						2,379,663	2,515,950
							2,427,720	2,563,682
	Listed investments	induded	above:				2021	2020
							8	8
	Listed investments	carrying	amount				2,379,663	2,515,950
	Movements in fixed asset		investments
	Valuation
	At 1 April 2020							2,515,950
	Additions							199,816
	Valuation changes							262,488
	Movement in cash							(88,926)
	Dlsposals							(509,665)
	At 31 March 2021							2,379,663
	Carrying amount
	At 31 March 2021							2,379,663
	At 31 March 2020							2,515,950
16	Financial instruments						2021f	2020 E
	Carrying amount	offinancial		assets
	Debt instruments	measured	at amortlsed		cost		730,866	857,354
	Equity instruments	measured		at fair value			2,215,180	2,262,544
	Equity instruments	measured		at cost less	impairment		48,057	47,732
	Carrying amount	offinancial		liabilities
	Measured at amortised cost						254959	293,259
17	Debtors
							2021	2020
	Amounts falling due within			one year:			8	8
	Trade debtors						54,871	88,367
	Prepayments and	accrued income					196,714	245,666
							251,585	334,033

Creditors: am	ounts falling due within one year
		2021	2020
		E
Other taxation	and social security	79,653	76,501
Trade creditors		109,298	153,385
Accruals and deferred income		155,661	139,865
		344,612	369,751

			2021	2020
			8'000	E'000
At the beginning	ofthe year		3,895	3,817:
Current service	cost		34	40
Interest expense			89	91'
Actual employee	contdibutions		15	21:
Remeasurement	arising from changes	in assumptions	444	93i
Remeasurement	arising from experience		66	(93):
Benefits paid			(144)	(119)
At the end ofthe year			4,399	3,895
Reconciliation	offair value of plan assets:
			2021	2020
			5'000	8'000
At the beginning	ofthe year		3,855	4,181'
Interest income			89	100
Actual return on	plan assets, excluding	Interest income	705	(358)i
Employer contributions			149	30:
Employee contributions			15	21:
Benefits paid			(144)	(119)
At the end ofthe year			4,669	3,855

The fair va	lue ofplan assets were as follows:
		2021	2020
		100%	100%
Equities
Property
Corporate	Bonds	27	32
Gilts		11	14
Cash		6	3
Total plan	assets	100	100

	2021	2020
	6	f
Within one year	1,623	1,623
Between two and five years		780
	1,623	2,403

			Movement in funds	Movement in funds
		Balance at 1	Income	Expenditure	Transfers	Balance at 31
		April 2020				March 2021
		6			E	6
StVincent's	School - General	68,843	30,901	(36,442)	(12,174)	51,127
Christopher	Grange - General	66,450	10,930	(3,299)		74,083
		135,293	41,832	(39,741)	(12,174)	125,210

			Movement in funds	Movement in funds
		Balance at 1	income	Expenditure	Transfers	Balance at 31
		April 2019 F	8		f	March 2020
StVincent's	School - General	85,820	57,411	(50,709)	(23,679)	68,843
Christopher	Grange - General	25,300	56,480	(15,330)		66,450
		111,120	113,891	(66,039)	(23,679)	135,293

				Movement	in funds
			Balance at 1	Income	Expenditure		Balance at31
			April 2020				March 2021
			8	6		8	E
Fixed assets			2,901,318	22,686	(95,117)		2,829,069
			2,901,318	22,686	(95,117)		2,829,069
The trustees have designated		the net book value ofthe charity's fixed		assets as without these		the	charity would
not be able to undertake	its current activities		therefore do not consider	these free	reserves of	the	charity.
Forthe year ended 31	March	2020
				Movement	In funds
			Balance at 1	Income	Expenditure		Balance at 31
			April 2019 F	f		8	March 2020 E
Fixed assets			2,999,257	33,878	(131,817)		2,901,318
			2,999,257	33,878	(131,817)		2,901,318

			2021f	2020
Aggregate	compensation/remuneration		319,326	294,854
No guarantees		have been given or received.

26	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	funds
						Unrestricted				Designated	funds	Restricted	Total
								funds E			E	fundsf
	Fund balances at	31	March 2021
	are represented by:
	Tangible assets									2,829,069			2,829,069
	Investments						2,427,720						2,427,720
	Current assets/(liabilities)							293,275				125,210	418,485
	Provisions							135,000					135,000
							2,855,995			2,829,069		125,210	5,810,274
	For the year ended 31 March			2020
						Unrestricted				Designated	funds	Restricted	Total
								funds				funds
									E		E	E
	Fund balances at	31	March 2020
	are represented by:
	Tangible assets									2,901,318			2,901,318
	Investments				.. ...		2,563,682						2,563,682
	Current assets/(liabilities)							344,570				135,293	479,863
	Provisions							(40,000)					(40,000)
							2,868,252			2,901,318		135,293	5,904,863
27	Cash generated	from operations										2021	2020
												E	E
	(Deficit)/Surplus	for	the year									(94,590)	(497,679)
	Adjustments for:
	Investment income		recognised	in the SOFA								(65,118)	(87,770)
	Gain on disposal	of	investments									(211,009)	(149,520)
	Fair value gains	and losses on investments										(262,488)	454,264
	Depreciation and	impairment		oftangible		fixed assets						95,117	131,818
	Donated Asset												(23,680)
	Movements In working capital:
	(Increase)/decrease		in debtors									82,450	(18,170)
	Increase/(decrease)		in creditors									(25,138)	57,608
	(Increase)/decrease		in provision		for defined			benefit	pension scheme			(175,000)	40,000
	Cash absorbed	by	operations									(655,776)	(93,129)

		2021f	2020f
Cash	at bank and in hand	511,512	515,581
Fixed	asset investments	164,483	253,407
Total	cash and cash equivalents	675,995	768,988

Name of	undertaking and	undertaking and	country of	Nature of	business	Capital and	(Deficit) for
incorporation or		residency				Reserves (6)	Year (F)
Envision	Education	and	England 8	Community	interest
Enterprise	Village	C.I.C.	Wales	company		(40,967)	(490)