2023-04-30-accounts - Essex Blind Charity

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			Pages	Pages
Officers and Advisers
Report of the Trustees			2	-	9
Independent Auditor's	Report		10	- 13
Statement of Financial	Activities
(including Income and	Expenditure	Account)		14
Balance Sheet				15
Statement of Cash Flows				16
Notes to the Financial	Statements		17- 32

Trustees				S M Mann	JP (Chairman	JP (Chairman	JP (Chairman	JP (Chairman	—resigned		Jan 2024)
				T Crawshaw
				Ft Jackson	ACCA'		CTA'
				A Mabert	(resigned		30June 2023)
				R Marshall	FRICS			FAAV' (resigned			30June 2023)
				S D Porter
				D Smith
				N Meixner	(appointed			as	Chairman	Jan 2024)
				retired members		of		the professional			bodies concerned
Company	Secretary			J Dixon
Registered	Office			Colchester	Sight Centre
				40 Osborne Street
				Colchester
				Essex
				CO2 7DB
Registered	Company		Number	05098747
Registered	Charity	Number		1103732
Auditor				SBAudit LLP
				Chartered	Accountants
				and Statutory Auditor
				820 The Crescent
				Colchester	Business			Park
				Colchester
				CO4 9YQ
Bankers				Natwest Bank Pic
				4-5 High Street
				Chelmsford
				Essex
				CM1 1FZ

						Total	Total
				Unrestricted	Restricted	Funds	Funds
			Notes	Funds	Funds	2023	2022
					E		E
Income from:
Donations and legacies			3	29,596	26,000	55,596	183 087
Charitable activities			4	1,557,329		1,557,329	1,181,827
Other trading activities			5	3,432		3,432	2,310
Investments			6	16,837		16,837	11,397
Total income				1,607,194	26,000	1,633,194	1,378,621
Expenditure on:
Raising funds			7	7,467	8,528	15,995	4,964
Charitable activities			8	1,073,296	30,044	1,103,340	1,563,143
Total expenditure				1,080,763	38,572	1,119,335	1,568,107
Net income/(expenditure)				526,431	(12,572)	513,859	(189,486)
Realised and unrealised
(losses)/gains on investments				(21,498)		(21,498)	6,938
Transfers between	funds
Net movement in funds				504,933	(12,572)	492,361	(182,548)
Total funds brought		forward
at 1 May 2022			17	2,327,971	16,719	2,344,690	2 527,238
Total funds carried	forward
at 30 April 2023			17	2,832,904	4,147	2,837,051	2,344,690

				Total	Total
				Funds	Funds
			Notes	2023	2022
					E
Fixed assets
Tangible assets			12	15,242	1,890r830
Investments			13	357,798	368,170
				373,040	2.259,000
Current assets
Stocks			14	5,374	28,400
Debtors —due within		one year	15	7s303	11,520
Cash and cash equivalents				2,474,678	145,189
				2,487,355	185,109
Creditors:	amounts	falling due
within	one year		16	(23,344)	(99,419)
Net current	assets			2,464,011	85,690
Net assets				2,837,051	6 2,344,690
Income funds
Restricted funds			17	4t147	16,719
Unrestncted	funds		17	2,832,904	2,327,971
				K 2,837,051	E 2,344,690

					2023	2022
Cash flows from operating		activities
Net movements in funds					492,361	(182.548)
Depreciation of tangible assets					9,176	10,745
(Profit)/loss on disposal of	tangible		assets		(428,778)	424
Impairment of fixed assets						50,000
Interest received					(5,559)	(305)
Unrealised investment gain					21,498	(6.938)
Decrease/(increase) in stocks					23,026	(3,261)
Decrease in debtors					4,217	419
(Increase)/decrease in creditors					(76,075)	19.583
Net cash from operating	activities				39,866	(111,881)
Cash flows from investing		activities
Interest received					5,559	305
Purchase of tangible fixed assets					(15,058)	(15407)
Sale of tangible fixed assets					2,310,248
Purchase of investments					(124,363)	(35,019)
Sale of investments					134,276	175,301
Net cash generated in investing			activities		2,310,662	125,180
Change in cash and cash		equivalents		in the year	2,350,528	13299
Cash and cash equivalents		brought		forward	152,442	139,143
Cash and cash equivalents		carried forward			2,502,970	152.442
Represented by:
Cash in hand and at bank					2,474,678	145.189
Cash held in investment					28,292	7,253
Cash and cash equivalents		carried forward			2,502.970	6 152.442

			Total
	Unrestricted	Restricted	Funds
	Funds	Funds	2023
	E	E
Donations	3,254		3,254
Legacies	5,000		5,000
Grants received	21,342	26,000	47,342
	29,596	26,000	55,596

				Total
		Unrestricted	Restncted	Funds
		Funds	Funds	2022
		E	E	E
Donations		7.077	4,993	12,070
Legacies		6,986		6,986
Grants received		47,618	117,536	165,154
Government	grant received	(1 123)		(1,123)
		E 60,558	E 122,529	5 183,087

				Total
		Unrestricted	Restricted	Funds
		Funds	Funds	2023
		K	E
Grants received were as follows
Essex Cares Limited		12,412		12,412
Essex Community	Foundation		21,000	21,000
SOS Blind		4,000		4,000
Infection Control			5,000	5,000
Essex covid grant		4,930		4,930
		K 21,342	E 26,000	K 47,342

						Total
				Unrestricted	Restricted	Funds
				Funds	Funds	2022
				E		f
Grants received were			as follows
Essex Cares Limited				17,850	13285	31,135
BASIS				(3,227)		(3227)
Essex Community SOS Blind		Foundation			33,265 5,875	33,265 5,875
CRF Fund				32,995		32,995
Workplace	Capacity		Fund		4,800	4,800
Infection Control					50,244	50,244
WRRF					8,760	8,760
Omicron					1,307	1,307
				F47,618	E 117.536	f 165,154

			Total
		Unrestricted	Funds
		Funds	2023
		E	E
Residential	home	1,555,432	1,555,432
Day centre		988	988
Other activities		909	909
		E 1,557,329	F1.557,329
			Total
		Unrestricted	Funds
		Funds	2022
		E
Residential	home	1,180,751	1,180,751
Day centre		22	22
Other activities		1,054	1,054
		I: 1,181,827	r' 1,181,827

				Total
		Unrestricted	Restricted	Funds
		Funds f	Funds f	2023 f
Visual	aids	1,324		1,324
Others		2,108		2,108
		f 3,432		f 3,432
				Total
		Unrestricted	Restricted	Funds
		Funds	Funds	2022
		F	f	f
Visual	aids	1,456		1,456
Others		854		854
		f 2,310		f 2,310

NCOME F	ROM INVESTMENTS
		2023		2022
		f		f
Interest receivable		5,559		305
Dividends	receivable	11,278		11,092
		f 16,837	f	11,397

			2023 f	2022f
Visual aids	—net of stock	adlustment	15,523	4,801
Investment	management	costs	472	163
			f 15,995	f 4,964

			2023	2022
			f	E
Residential	home and	day centre	1,086,180	1.495.804
Impairment	of freehold	property		50,000
Governance	costs (note 9)		17,160	17,339
			K 1,103,340 2 1,563,143

					2023	2022
Subscriptions and registration			fees		6,390	6 485
Auditors'	remuneration				5,765	5,700
Auditors'	remuneration	for non-audit		work	5,005	5,154
					E 17,160	5 17,339

				2023	2022
				E
This is	stated	after charging
Auditors	remuneration			5,765	5,700
Depreciation		—owned assets		9,176	10745
(Profit)/Loss		on disposal	offixed assets	(428,778)	424

STAFF	COSTS
			2023	2022
			F	E
Wages	and salaries		1,051,436	1,067,754
National	insurance	contributions	74,067	66,055
Pension	costs		17,735	17,021
Pension	administration		3,360	4,080
			F1,146,598 F 1,154,910

he average	number ofemployees during the year	was as follows
		2023		2022
Management			2		2
Administration			3		3
Community	Services personnel		5		5
Care home staff			48		54
			58		64

TANGIBLE FIXEDASSETS
	Freehold	Fixtures	Motor
	propertyf	and fittings	Vehicles	Totalf
Cost
At 1 May 2022	1,850,000	72,768	21,981	1,944,749
Additions		15,058		15,058
Disposals	(1,850,000)	(70,416)		(1,920,416)
At 30 April 2023		17,410	21,981	39,391
Depreciation
At 1 May 2022		41,212	12,707	53,919
Charge for the year		6,858	2.318	9,176
Disposals		(38,946)		(38,946)
At 30 April 2023		9,124	15,025	24,149
Net book value At 30 April 2023		f 8,286	f 6,956	f 15,242
At 30 April 2022	f 1,850,000	f 31,566	f 9,274	f 1,890,830

	2023	2022
		f
Movement in fixed asset investments
Market value brought forward at 1 May 2022	368,170	500,295
Additions to investment at cost	124,363	35,019
Disposals	(134,276)	(175,301)
Gain on revaluation	(21,498)	6.938
Increase/(decrease) in cash held	21,039	1,219
Market value carried forward at 30 Apnl 2023	f 357,798	f 368,170
Investment portfolio at market value comprised
Property Income Trust for Charities		37,338
EP Corporate Bond Income Fund		55,411
EP Global Equity Income Fund	40,523	27.531
EP UK Equity Income Fund	212,117	240,637
FP Foresight global real infrastructure	22,780
Rathbone Ethical bond	12,386
Royal London Short Term Money	5,016
Threadneedle UK Social bond	5,034
Vanguard UK Government bond	6,967
Vanguard US Government bond	24,683
Cash held by Investment Manager	28,292	7,253
	F 357,798	f 368,170

STOCK
	2023	2022
		f
Medical and domestic supplies		15,856
Food		2,705
Visual aids —resale stocks	5,374	9,839
	f 5,374	f 28,400

DEBTORS
		2023f	2022f
Trade debtors		2,536	4,086
Prepayments	and accrued income	4,767	7,434
		f 7,303	f 11,520

CREDITORS: A	MOUN	TS FALLING DUE WITHIN	ONE YEAR
			2023f	2022f
Trade creditors			6,934	37,326
Social security	and other taxes		1,604	22,094
Other creditors			544	18,834
Accruals and deferred		income	14,262	21,165
			f 23.344	f Qcl,419

				Expenditure	Transfers
		Balance at	Incoming	including	between	Balance at
		1 May 2022	resources	gains/(losses)	funds	30April 2023
					E
Unrestricted Funds
General fund		45,494	1,607,194	(1,075,973)	1,850,000	2,426,715
Designated funds
Essex support 5 year
plan		300,000				300,000
Read House		4 790		(4,790)
Essex support exit
strategy fund		25.000				25,000
Investment revaluation
reserve		102,687		(21,49&)		81,189
Designated property
asset fund		1,850,000			(1,850,000)
		2,327,971	1,607,194	(1,102,261)		2,832,904
Restricted Funds
Residents amenities	at
Read House		648		(648)
Mobile Sight Centre
		4 147				4,147
Brentwood Community
Hospital Prolect		3.312		(3,312)
Extended provision	in
Chelmsford		4,160		(4,160)
Staff fund		3,088		(3,088)
Infection control grant		1,364		(1,364)
ECF Capital grant			21,000	(21,000)
Thomas Pocklington			5,000	(5,000)
trust
		16719	26,000	(38,572)		4.147
		E 2,344 690	K 1,633,194	K (1,140,833)		K 2,837,051

MOVEMENT	IN FUNDS	IN FUNDS	IN FUNDS	—continued
								Expenditure	Transfers
				Balance at	Incoming			including	between	Balance at
				1 May 2021	resources		gains/(losses)		funds	30 April 2022
					E					E
Unrestricted	I	unds
General fund				184,589	1,255,	199		(1,394,294)		45,494
Designated	funds
Essex support		5 year
plan				300,000						300,000
Read House				7,897		893		(4,000)		4,790
Essex support		exit
strategy	fund			25,000						25,000
Investment	revaluation
reserve				95,749				6,938		102,687
Designated	property
asset fund				1,900,000				(50,000)		1,850,000
				2,513,235	1,256,092			(1,441,356)		2,327,971
Restricted Funds
Residents amenities			at
Read House				783	380			(515)		648
Mobile Sight	Centre			4,147						4,147
Brentwood Community
Hospital	Prolect			3,312						3,312
Extended provision			in
Chelm sford				4,160						4,160
Staff fund				1,601	4,613			(3,126)		3,088
Workplace Capacity
grant					4,800			(4,800)
WRRF					8,760			(8.760)
Infection control		grant			50,244			(48,880)		1,364
LFT grant					1,307			(1.307)
ECL additional		funds			13,285			('I3,285)
ECF Capital	grant				33,265			(33,265)
SOS Blind					5,875			(5,875)
				14,003	122,529			(119,813)		16,719
				E 2,52/, 238	E 1,378,621			E (1,561,169)		f. 2,344,690

	2023	2022
	F	E
Expiry date
Within one year		31,915
Between two and fee years		95,724
Later than five years
		E 127.639