2023-03-31-accounts - Surrey Association For Visual Impairment

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Trustees		Mr RTurnbull
		MrSWherry
		Mrs CWilmshurst
		Mr R Gilmore
		Mrs M Da Silva Skinner
		Ms C Shevlin
		Mrs P Gunn
		Mr G Lewis
		Mr BGreen	(Appointed	21 September 2022)
		Ms BHalliday	(Appointed	21 September 2022)
		Mr D Liversidge	(Appointed	21 September 2022)
		MrSPlowman	(Appointed	21 September 2022)
Secretary	and Chief Executive	Ms C Burgess
Charity number		1121949
Company	number	06309405
Principal address		Rentwood
		School Lane
		Fetcham
		Leatherh cad
		Surrey
		KT22 9JX
Registered	office	Rentwood
		School Lane
		Fetcham
		Leatherh cad
		Surrey
		KT22 9JX
Auditor		Warner Wilde Limited
		4 Marigold Drive
		Bisley
		Surrey
		United Kingdom
		GU24 9SF

		Page
Trustees report		1-11
Statement oftrustees	responsibilities	12
Independent auditor's	report	13-16
Statement offinancial	activities	17-18
Balance sheet		19-20
Statement ofcash flows		21
Notes to the financial	statements	22-39

Current financial year	Current financial year
				Unrestricted	Restricted	Total	Total
				funds	funds
				2023	2023	2023	2022
			Notes		K
Income and endowments		from
Donations and legacies				256,0'18	157,911	413,929	331,284
Chaditable activities				2,392,053		2,392,053	2,063,941
Other trading activities				15,400		15,400	1,675
Investments				23,839		23,839	15,278
Other income				51,389		51,389	52,820
Total income				2,738,699	157,911	2,896,610	2,464,998
Ex enditure on:
Raising funds				24,993		24,993	6,205
Charitable activities			9	2,614,465	147,117	2,761,582	2,475,780
Other			13	8,121		8,121
Total expenditure				2,647,579	147,117	2,794,696	2,481,985
Net Operating Results for		the Year		91,120	10,794	101,914	(16,987)
Net gainsl(losses)	on investments		14	(60,901)		(60,901)	58,752
Net movement in	funds			30,219	10,794	41,013	41,765
Fund balances at 1April 2022				1,524,900	78,233	1,603,133	1,561,368
Fund balances at	31 March 2023			1,555,119	89,027	1,644,146	1,603,133

Prior financial yea	r
				Unrestricted	Restricted	Total
				funds	funds
				2022	2022	2022
			Notes
Income and endowments		from:
Donations and legacies				165,564	165,720	331,284
Charitable activities				2,063,941		2,063,941
Other trading activities				1,675		1,675
Investments				15,278		15,278
Other income				52,820		52,820
Total income				2,299,278	165,720	2,464,998
Ex enditure on:
Raising funds				6,205		6,205
Charitable activities				2,343,223	132,557	2,475,780
Total expenditure				2,349,428	132,557	2,481,985
Net gains/(losses)	on investments		14	58,752		58,752
Net movement in	funds			&,602	33,163	41,765
Fund balances at 1 April 2021				1,516,298	45,070	1,561,368
Fund balances at	31March 2022			1,524,900	78,233	1,603,133

			2023		2022
		Notes
Fixed assets
Tangible assets		15		38,497		28,089
Investments		16		1,317,683		1,066,804
				1,356,180		1,094,893
Current assets
Stocks		18	56,791		56,128
Debtors		19	87,087		71,778
Cash at bank and in	hand		423,402		815,881
			567,280		943,787
Creditors. " amounts	falling due within
one year		20	(258,846)		(400,751)
Net current assets				308,434		543,036
Total assets less current liabilities				1,664,614		1,637,929
Provisions for liabilities		21		(20,468)		(34,796)
Net assets				1,644,146		1,603,133
Income funds
Restricted funds		24		89,027		78,233
Unrestricted funds
Designated funds		25	1,541,800		1,515,000
General unrestricted	funds		13,319		9,900
				1,555,119		1,524,900
				1,644,146		1,603,133

				2023		2022
			Notes
Cash flows from operating		activities
Cash absorbed by operations			30		(85,034)		(31,188)
Investing	activities
Purchase	oftangible fixed assets			(25,141)		(14,772)
Purchase	of investments			(441,113)		(150,000)
Proceeds	on disposal of investments			134,970
Investment	income received			23,839		15,278
Net cash	used in investing	activities			(307,445)		(149,494)
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(392,479)		(180,682)
Cash and	cash equivalents	at beginning	ofyear		815,881		996,563
Cash and	cash equivalents	at end of	year		423,402		815,881

Donations	and legaci	es
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
					F	E	F
Donations	and gifts	86,554		86,554	59,894		59,894
Legacies receivable		15,500		15,500	6,250		6,250
Grants		153,964	157,911	311,875	89,847	165,720	255,567
Membership	fees				9,573		9,573
		256,018	157,911	413,929	165,564	165,720	331,284

			Charitable	Charitable
			income	Income
			2023	2Q22
				R
Sales within charitable		activities	111,708	98,386
Services provided	under contract		1,952,675	1,838,251
Sales ofservices	to beneficiaries		327,670	127,304
			2,392,053	2,063,941

Unrestricted	Unrestricted
funds	funds
2023	2022
15,400	1,675

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		R
Income	from listed investments	22,079	15,217
Interest	receivable	1,760	61
		23,839	15,278

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
Other income	1,512	15,186
Access to Work	49,877	37,634
	51,389	52,820

		Unrestricted	Unrestricted
		funds	funds
		2023f	2022
Fundraisin and	ublici
Staging fundraising	events	17,763
Publicity costs		6,316	6,205
Other fundraising	costs	500
Fundraising and publicity		24,579	6,205
gradin oasis Other trading activities		414
		24,993	6,205

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Support costs
	Support costs	Governance costsf	2023	Support costs	Governance costs	2022
Staff costs	256,270		256,270	255,027		255,027
Depreciation Other staff costs Repairs and	14,733 30,963		14,733 30,963	14,600 10,848		14,600 10,848
maintenance Travelling and	13,159		13,159	12,290		12,290
subsistence Office costs	5,481 59,598		5,481 59,598	2,527 61,965		2,527 61,965
Marketing costs Rent and utilities Computer costs Transcription and Other	9,020 58,001 44,939		9,020 58,001 44,939	2,413 49,866 38,616		2,413 49,866 38,616
Contract Costs				693		693
Bank charges Insurance	1,412 14,683		1,412 14,683	1,431		1,431
Audit fees Legal and professional Trustee and meeting		7,620 4„155	7,620 4,155		12,547 1,807	12,547 1,807
expenses Under accrual ofaudit					7,612	7,612
and accounts fees 2022		7,798	7,798
	508,259	19,573	527,832	450,276	21,966	472,242
Analysed between
Charitable activities	508,259	19,573	527,832	450,276	21,966	472,242

12	Employees	Employees											(Continued)
	Employment			costs								2D23f
	Wages and			salaries								1,800,392	1,653,324
	Social security costs											144,955	119,892
	Other	pension costs										122,676	112,444
												2,068,023	1,885,660
	The	number		of employees		whose	annual	remuneration	was	more	than
	860,000 is		as follows:
												2023	2022
												Number	Number
	F60,001 - f70,000
13	Other
												Unrestricted	Total
												funds
													F
												2023	2022
	Other	expenditure										8,121
												8,121
14	Net gains/(losses)				on investments
												Unrestricted	Unrestricted
												funds	funds
												2D23	2022
													E
	Revaluation			of investments								(60,901)	55,920
	Gain/(loss)		on sale ofinvestments										2,832
												(60,901)	58,752

Tangible	fixed assets	fixed assets
				Plant and	Fixtures and	Office and	Total
				equipment	fittings	computer
						equipment
Cost
At 1 April	2022			9,509	375	136,274	146,158
Additions				4,847		20,294	25,141
Disposals				(917)		(14,323)	(15,240)
At 31 March		2023		13,439	375	142,245	156,059
Depreciation		and impairment
At 1 April	2022			5,108	375	110,780	116,263
Depreciation		charged	in the year	3,120		13,419	16,539
Eliminated	in	respect ofdisposals		(917)		(14,323)	(15,240)
At 31 March		2023		7,311	375	109,876	117,562
Carrying	amount
At 31 March		2023		6,128		32,369	38,497
At 31 March		2022			3	27,990	28,089

	Listed	Unlisted	Other	Cash in	Total
	investments f	investments	investments	portfolio
Cost orvaluation
At 1 April 2022	837,943	100,000	100	128,761	1,066,804
Additions	221,113	220,000			441,113
Valuation changes	(55,264)				(55,264)
cash movement				(92,240)	(92,240)
Disposals	(42,630)		(100)		(42,730)
At 31 March 2023	961,162	320,000		36,521	1,317,683
Carrying amount
At 31 March 2023	961,162	320,000		36,521	1,317,683
At 31 March 2022	837,943	100,000	100	128,761	1,066,804
Financial instruments				2023	2022
				R
Carrying amount of	financial assets
Instruments measured	at fair value through profit or loss			961,162	837,943

18	Stocks
						2023	2022
							R
	Finished goods and goods		for resale			56,791	56,128
19	Debtors
						2023	2022
	Amounts falling due	within one year:					R
	Trade debtors Other debtors Prepayments and accrued		income			54,596 2,337 30,154	34,605 22,736 14,437
						87,087	71,778
20	Creditors: amounts	falling	due within one year
						2023	2022
					Notes
	Other taxation and social security Deferred income Trade creditors Other creditors Accruals				22	33,686 17,958 21,822 15,955 169,425	37,949 128,705 30,992 18,859 184,246
						258,846	400,751
21	Provisions for liabilities					2023	2022
	Retirement Benefit Obligations					20,468	34,796
	Note 27					20,468	34,796
22	Defen ed income
						2023f	2022
	Other deferred income					17,958	128,705
	Deferred income is included		in the financial statements	as follows:

Deferredincome
			(Continued)
		2023	2022
Deferred income is	included within:
Current liabilities		17,958	128,705
Movements in the year:
Deferred income at 1 April 2022 Released from previous periods Resources deferred in the year		128,705 (128,705) 17,958	170,574 (84,455) 42,586
Deferred income at	31 March 2023	17,958	128,705

		Movement	in funds			Movement	in funds
	Balance at 1April 2021	Incoming resources	Resources expended	1	Balance at April 2022	Incoming resources	Resources expended	Balance at 31 March
			f		f			2023f
Children's Project - BBC
Children in Need Surrey Downs Clinical	2,347	34,785	(28,911)		8,221	22,536	(24,542)	6,215
Commissioning Group	10,217	3,000	(11,717)
Surrey Downs Better Care
Fund The National Lottery		34,500			34,500	-	(2,550)	31,950
Community Fund Community Foundation,	32,506	54,285	(68,696)		18,095		(18,095)
NHS Char ities Together Comunity Foundation for		24,650	(15,933)		8,717	24,650	(33,367)
Surrey - The Peter Harrison
Fund The Sobell Foundation The John Coates Charitable		1,500 10,000	(5,800)		3,000 4,200		(3,000) (4,200)
Trust The National Lottery		3,000	(1,500)		1,500		(1,500)
Community Fund - RC
London and South East
Region London Borough of						101,725	(50,863)	50,862
Hounslow Thriving
Communities Fund Community Foundation for						5,000	(5,000)
Surrey - Carrington family
Trust Fund Walton Charity						1,000 3,000	(1,000) (3,000)
	45,070	165,720	(132,557)		78,233	157,911	(147,117)	89,027

The income funds of the charity unrestricted funds by the trustees	include the following for specific purposes:	designated funds which have	designated funds which have	been set	aside out of
	Balance at	Transfers	Balance at	Transfers	Balance at
	1April 2021		1April 2022		31 March 2023
				R
Investment Reserve Operational Reserve Property Reserve Professional Training Reserve COVID Resilience Reserve Recruitment Reserve Children's Services Reserve isolation in Older People Reserve Capital Expenditure Reserve	75,681 584,674 500,000 100,000 105,000 45,000 50,000 30,000	24,319 65,326 (10,000) (55,000)	100,000 650,000 500,000 90,000 50,000 45,000 50,000 30,000	100,000 (50,000) (13,200) (50,000) 40,000	100,000 750,000 500,000 90,000 31,800 30,000 40,000
	1,490,355	24,645	1,515,000	26,800	1,541,800

30	Cash generated from operations		2023	2022
	Surplus for the year		41,013	41,765
	Adjustments for:
	Investment income recognised in statement offinancial Gain on disposal ofinvestments Fair value gains and losses on investments Depreciation and impairment oftangible fixed assets	activities	(23,839} 55,264 14,733	(15,278} (2,832) (55,920) 14,600
	Movements in working capital:
	(Increase) in stocks (Increase) in debtors (Decrease)/increase in creditors Increase in provisions (Decrease) in deferred income		(663) (15,309) (31,158) (14,328} (110,747)	(6) (6,379) 39,894 (5,163) (41,869)
	Cash absorbed by operations		(85,034)	(31,188)
31	Analysis ofchanges in net funds
	The charity had no debt during the year.