2023-03-31-accounts - Warwickshire Association For The Blind

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	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	DETAILS.
	REPORT OF THE TRUSTEES.
	About Warwickshire Vision Support.
	Objectives and Activities.
	Key activities:
	Our Values and Guiding Principles:.
	STRATEGIC REPORT:
	Achievement and Performance.
	Eye Clinic Liaison Officers (ECLOs) ..						.......5
	Rehabilitation Services.						.......6
	Vision Support Centres (VSCs)..						..6
	IT4U - ITTraining.						.......7
	Social Clubs ..						......7
	Befriending Services .						........7
	Warwickshire Vision Magazine						........7
	FINANCIAL REVIEW.						.......8
	Financial performance .
	Investment policy and objectives .						.......8
	Reserves policy. .						..8
	FUTURE PLANS						......8
	STRUCTURE, GOVERNANCE AND	MANAGEMENT
	Governing document .........						9
	Recruitment and appointment	ofnew trustees ..					9
	Key management remuneration	..					109
I
	Risk management.						................ 10
	INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION
	FOR THE BLIND ('The Company' ).		...	...	..	.....	............11
	STATEMENT OF FINANCIAL ACTIVITIES..						.12
	BALANCE SHEET						....13
	CASH FLOW STATEMENT. .............						....15
	NOTES TO THE FINANCIAL STATEMENTS.
	GRANTS INCOME —THANK YOU						....37

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	16,277	4,547	20,824	545,053
Charitable activities
Statutory and rehabilitation	services			50,081	338,992	389,073	342,278
Other trading activities			3		10,635	10,635	10,200
Investment income			4	78,242		78,242	63,814
Other income				3,716	738	4,454	2,497
Total				148,316	354,912	503,228	963,842
EXPENDITURE ON
Raising funds			6	56,595	1,105	57,700	46,507
Charitable activities
Statutory and rehabilitation	services			256,888	387,125	644,013	536,601
Total				313,483	388,230	701,713	583,108
Net gains/(losses) on investments				(154,622)		(154,622)	105,692
NET INCOME/(EXPENDITURE)				(319,789)	(33,31&)	(353,107)	486,426
Transfers between funds			19	(70,157)	70,157
Net movement in funds				(389,946)	36,839	(353,107)	486,426
RECONCILIATION OF FUNDS
Total funds brought forward				3,050,266	47,864	3,098,130	2,611,704
TOTAL FUNDS CARRIED FORWARD				2,660,320	84,703	2,745,023	3,098,130

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	13	406,621		406,621	410,477
Investments
Investments	14	1,840,935		1,840,935	1,998,106
Investment property	15	125,000		125,000	125,000
		2,372,556		2,372,556	2,533,583
CURRENT ASSETS
Stocks	16	2,255		2,255	2,320
Debtors	17	64,844		64,844	24,691
Cash at bank and in hand		257,824	84,706	342,530	584,187
		324,923	84,706	409,629	611,198
CREDITORS
Amounts falling due within one year	18	(37,162)		(37,162)	(46,651)
NET CURRENT ASSETS		287,761	84,706	372,467	564,547
TOTAL ASSETS LESSCURRENT
LIABILITIES		2,660,317	84,706	2,745.023	3,098,130
NET ASSETS		2,660,317	84,706	2,745,023	3,098,130
FUNDS	19
Unrestricted funds				2,660,317	3,050,266
Restricted funds				84,706	47,864
TOTAL FUNDS				2,745,023	3,098,130

			2023	2022
	Notes		E	E
Cash flows from operating	activities
Cash generated from operations		1	(302,200)	316,661
Net cash (used in)/provided	by operating	activities	(302,200)	316,661
Cash flows from investing	activities
Purchase oftangible fixed assets Purchase ofinvestment property Sale offixed asset investments			(1,668) 2,202	(397,440) (125,000) 2,362
Interest received			1,540	1,335
Dividends received			58,469	52,440
Net cash provided by/(used	in) investing	activities	60,543	(466,303)
Change in cash and cash
equivalents in the reporting period Cash and cash equivalents at the			(241,657)	(149,642)
beginning ofthe reporting	period		584.187	733,829
Cash and cash equivalents	at the
end ofthe reporting period			342.530	584,187

	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	TO NET CASH	FLOW FROM	OPERATING
	ACTIVITIES
						2023	2022
						E	6
	Net (expenditure)/income		for the reporting	period	(as per
	the Statement ofFinancial		Activities)			(353,107)	486,426
	Adjustments for:
	Depreciation charges					5,524	4,928
	Losses/(gain) on investments					154,622	(105,354)
	Interest received					(1,540)	(1,335)
	Dividends received					(58,469)	(52,440)
	Decrease in stocks					65	27
	(Increase)/decrease	in debtors				(39,806)	3,738
	Decrease in creditors					(9,489)	(19,329)
	Net cash (used in)/provided		by operations			(302,200)	316,661
2.	ANALYSIS OF CHANGES IN		NET FUNDS
					At 1.4.22	Cash flow	At31.3.23
					E	E	E
	Net cash
	Cash at bank and in	hand			584,187	(241,657)	342,530
					584,187	(241,657)	342,530
	Total				584,187	(241,657)	342,530

2.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							2023	2022
	Donations						18,824	12,128
	Gift aid							2,319
	Legacies						2,000	530,606
							20,824	545,053
3.	OTHER TRADING ACTIVITIES
							2023f	2022 E
	Fundraising	events					10,635	10,200
4.	INVESTMENT		INCOME
							2023 F.	2022f
	Rents received						1&,233	10,039
	Investment	portfolio income					58,469	52,440
	Deposit account interest						1,540	1,335
							78,242	63,814
5.	INCOME FROM CHARITABLE ACTIVITIES
							2023	2022
				Activity			f	f
	Grants			Statutory and rehabilitation		services	389,073	342,278
	Grants received, included			in the	above, are as follows:
							2023f	2022 f
	W.C.C.						210,066	196,164
	The National	Lottery Community			Fund		116,629	37,509
	The National	Lottery Community			Fund (Economic &Social			34,111
	Empowerment)
	Other grants	below f10,000					62,378	74,494
							389,073	342,278

Raising donations	Raising donations	and legacies	and legacies
						2023 f	2022f
Staff costs						55,982	44,065
Postage and	stationery						1,363
Sundries						1,718	828
Travel							251
						57,700	46,507
CHARITABLE	ACTIVITIES	COSTS
						Support
					Direct	costs (see
					Costs f	note 8) f	Totals f
Statutory and	rehabilitation		services		449,900	194,113	644,013
SUPPORT COSTS
						Governance
			Management		Finance	Other	costs
			Totals
			f	f	f	f	f
Statutory and
rehabilitation	services		168,136	306	2,549	23,122	194,113
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is	stated after	charging/(crediting):
						2023f	2022 f
Depreciation	-owned assets					5,524	4,928
Other operating leases						7,586	11,795

STAFF COSTS
						2023	2022
						E	E
Wages and salaries						437,835	402,352
Social security costs						36,077	30,814
Other pension costs						11,514	11,472
						485,426	444,638
The average monthly	number		ofemployees		during the year was as follows:
						2023	2022
Charitable and administrative			staff			22	21
No employees received emoluments				in excess of660,000.
COMPARATIVES FOR	THE STATEMENT OF				FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
					E	E	E
INCOME AND ENDOWMENTS			FROM
Donations and legacies					545,051		545,053
Charitable activities
Statutory and rehabilitation		services			187,169	155,109	342,278
Other trading activities					10,200		10,200
Investment income					63,814		63,814
Other income					2,497		2,497
Total					808,731	155,111	963,842
EXPENDITURE ON
Raising funds					46,507		46,507
Charitable activities
Statutory and rehabilitation		services			335,936	200,665	536,601
Total					382,443	200,665	583,108
Net gains on investments					105,692		105,692
NET INCOME/(EXPENDITURE)					531,980	(45,554)	486,426
							Page l 23

	WARWICKSHIRE ASSOCIATION	FOR THE BLIND
RECONCILIATION	OF FUNDS
Total funds brought	forward	2,518,285	93,419	2,611,704
TOTAL FUNDS CARRIED FORWARD		3,050,265	47,865	3,098,130

TANGIBLE FIXEDASSE	TS
		Improvements	Fixtures
	Freehold	to	and	Computer
	property	property	fittings	equipment	Totals
	E	E	E	E	E
COST
At 1 April 2022	396,192	19,398	44,015	1,248	460,853
Additions				1,668	1,668
At 31 March 2023	396,192	19,398	44,015	2,916	462,521
DEPRECIATION
At 1 April 2022		19,398	30,666	312	50,376
Charge for year			4,795	729	5,524
At 31 March 2023		19,398	35,461	1,041	55.900
NET BOOK VALUE
At 31 March 2023	396,192		8,554	1,875	406,621
At 31 March 2022	396,192		13,349	936	410,477

				Listed
				investments
				E
MARKET VALUE
At 1 April 2022				1,998,106
Disposals				(2,010)
Revaluations				(155,161)
At 31 March 2023				1,840,935
NET BOOK VALUE
At 31 March 2023				1,840,935
At 31 March 2022				1,998,106
There were no investment		assets outside the UK.
Cost or valuation	at 31 March 2023 is represented		by:
				Listed
				investments
Valuation in 2023				46,557
Cost				1,794,378
				1,840,935

	NOTES TO THE FINANCIAL STATEMENTS -con for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMENTS -con for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMENTS -con for the year ended 31 March 2023	tinued
15.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 April 2022
	and 31 March 2023				125,000
	NET BOOK VALUE
	At 31 March 2023				125,000
	At 31 March 2022				125,000
16.	STOCKS
				2023	2022
				E	E
	Stocks			2,255	2,320
17.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2023	2022
				E	E
	Trade debtors			52,879	471
	Prepayments and accrued income			11,965	24,220
					24,691
18.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2023	2022
				E	E
	Trade creditors Social security and other		taxes	21,587	15,273 7,581
	VAT			755	859
	Other creditors			2,983	4,451
	Accruals and deferred	income		11,837	18,487
				37,162	46,651

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1.4.22	in funds	funds	31.3.23
			E	E	E	E
Unrestricted funds
General fund				(239,323)	333,638	94,315
Clubs and branches	and	other
financial obligations			55,266		(3,795)	51,471
Operations contingency		fund	400,000		(246,404)	153,596
Innovation fund			400,000		(400,000)
Premises reserve			395,000			395,000
Long term investment			1,800,000	(80,469)	246,404	1.965,935
			3,050,266	(319,792)	(70,157)	2,660,317
Restricted funds
Home visitor service	general		3,793	(16,518)	12,725
Advice desks			2,932	(34,862)	31,930
Economic/social empowerment			12,501	(23,923)	11,422
Vision support centres			20,800	47,240	(2,658)	65,382
Clubs			6,735	(15,834)	10,857	1,758
Access to work				(1,282)	1.282
Rehabilitation services				19,491	(2,391)	17,100
IT4U General				(21,406)	21,406
Equipment			1,103	13,779	(14,416)
			47,864	(33,315)	70,157	84,706
TOTAL FUNDS			3,098,130	(353,107)		2,745,023

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted	funds
General fund			71,613	(310,936)		(239,323)
Long term investment			76,702	(2,549)	(154,622)	(80,469)
			148,315	(313,485)	(154,622)	(319,792)
Restricted funds
Home visitor	service general		1,499	(18,017)		(16,518)
Advice desks			(1)	(34,861)		(34,862)
Economic/social		empowerment		(23,923)		(23,923)
Vision support		centres	125,786	(78,546)		47,240
Clubs			1,239	(17,073)		(15,834)
Access to work			2,115	(3,397)		(1,282)
Rehabilitation		services	210,066	(190,575)		19,491
						Page l 27

	WARWICKSHIRE ASSOCIATION	FOR THE BLIND
IT4U General	30	(21,436)		(21,406)
Equipment	14,179	(400)		13,779
	354,913	(388,228)		(33,315)
TOTAL FUNDS	503,228	(701,713)	(154,622)	(353,107)

					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.22
				E	E	E	E
Unrestricted funds
General fund				1,793,527	501,919	(2,295,446)
Clubs and branches	and	other
financial obligations				53,197	62	2,007	55,266
Operations contingency		fund		271,561		128,439	400,000
Innovation fund				250,000		150,000	400,000
Rehabilitation reserve				100,000		(100,000)
Premises reserve				45,000	30,000	320,000	395,000
Pension reserve				5,000		(5,000)
Long term investment						1,800,000	1,800,000
				2,518,285	531,981		3,050,266
Restricted funds
Home visitor service	general				3,793		3,793
Advice desks					2,932		2,932
Economic/social empowerment				31,687	(19,186)		12,501
Vision support centres				38,029	(17,229)		20,800
Clubs					6,527	208	6,735
Telephone Befriending				6,740	(6,740)
Home visitor (Stratford)		only		1,319	(1,319)
Equipment				2,929	(1,826)		1,103
Clubs (Stratford only)				208		(208)
Pop-ups				11,792	(11,792)
Equipment for service user			1	633	(633)
Equipment for service user			2	82	(82)
				93,419	(45,555)		47,864
TOTAL FUNDS				2,611,704	486,426		3,098,130

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				6	E	E	E
Unrestricted	funds
General fund				808,669	(412,442)	105,692	501,919
Clubs and branches		and other
financial obligations				62			62
Premises reserve					30,000		30,000
				808,731	(382,442)	105,692	531,981
Restricted funds
Home visitor service		general		24,801	(21,008)		3,793
Advice desks				19,795	(16,863)		2,932
Economic/social empowerment				46,612	(65,798)		(19,186)
Vision support	centres			43,078	(60,307)		(17,229)
Clubs				11,208	(4,681)		6,527
Telephone Befriending				3,900	(10,640)		(6,740)
Magazine				230	(230)
Access to work				2,987	(2,987)
I-lome visitor (Stratford) only				2,500	(3,819)		(1,319)
Equipment					(1,826)		(1,826)
Pop-ups					(11,792)		(11,792)
Equipment for	service user		1		(633)		(633)
Equipment for	service user		2		(82)		(82)
				155,111	(200,666)		(45,555)
TOTAL FUNDS				963,842	(583,108)	105,692	486,426

					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.23
				E	E	E	E
Unrestricted funds
General fund				1,793,527	262,596	(1,961,808)	94,315
Clubs and branches	and other
financial obligations				53,197	62	(1,788)	51,471
Operations contingency		fund		271,561		(117,965)	153,596
Innovation fund				250,000		(250,000)
Rehabilitation reserve				100,000		(100,000)
Premises reserve				45,000	30,000	320,000	395,000
Pension reserve				5,000		(5,000)
Long term investment					(80,469)	2,046,404	1,965,935
				2,518,285	212,189	(70,157)	2,660,317
Restricted funds
Home visitor service	general				(12,725)	12,725
Advice desks					(31,930)	31,930
Economic/social empowerment				31,687	(43,109)	11,422
Vision support centres				38,029	30,011	(2,658)	65,382
Clubs					(9,307)	11,065	1,758
Telephone Befriending				6,740	(6,740)
Access to work					(1,282)	1,282
Rehabilitation services					19,491	(2,391)	17,100
Home visitor (Stratford)		only		1,319	(1,319)
IT4U General					(21,406)	21,406
Equipment				2,929	11,953	(14,416)	466
Clubs (Stratford only)				208		(208)
Pop-ups				11,792	(11,792)
Equipment for service user			1	633	(633)
Equipment for service user			2	82	(82)
				93,419	(78,870)	70,157	84,706
TOTAL FUNDS				2,611,704	133,319		2,745,023

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	E	E
Unrestricted funds
General fund				880,282	(723,378)	105,692	262,596
Clubs and branches		and other
financial obligations				62			62
Premises reserve					30,000		30,000
Long term investment				76,702	(2,549)	(154,622)	(80,469)
				957,046	(695,927)	(48,930)	212,189
Restricted funds
Home visitor service		general		26,300	(39,025)		(12,725)
Advice desks				19,794	(51,724)		(31,930)
Economic/social	empowerment			46,612	(89,721)		(43,109)
Vision support	centres			168,864	(138,853)		30,011
Clubs				12,447	(21,754)		(9,307)
Telephone Befriending				3,900	(10,640)		(6,740)
Magazine				230	(230)
Access to work				5,102	(6,384)		(1,282)
Rehabilitation	services			210,066	(190,575)		19,491
Home visitor (Stratford) only				2,500	(3,819)		(1,319)
IT4U General				30	(21,436)		(21,406)
Equipment				14,179	(2,226)		11,953
Pop-ups					(11,792)		(11,792)
Equipment for	service user		1		(633)		(633)
Equipment for	service user		2		(82)		(82)
				510,024	(588,894)		(78,870)
TOTAL FUNDS				1,467,070	(1,284,821)	(48,930)	133,319

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2023
	2023	2022
	E	E
INCOME AND ENDOWMENTS
Donations and legacies
Donations	18,824	12,128
Gift aid		2,319
Legacies	2,000	530,606
	20,824	545,053
Other trading activities
Fundraising events	10,635	10,200
Investment income
Rents received	18,233	10,039
Investment portfolio income	58,469	52,440
Deposit account interest	1,540	1,335
	78,242	63,814
Charitable activities
Grants	389,073	342,278
Other income
Sundry income	4,454	2,435
Income from clubs and branches		62
	4,454	2,497
Total incoming resources	503,228	963,842
EXPENDITURE
Raising donations and legacies
Wages	49,920	39,837
Social security	4,702	3,081
Pensions	1,360	1,147
Postage and stationery		1,363
Sundries	1,718	828
Travel		251
	57,700	46,507


Charitable	activities
Wages		387,915	362,515
Social security		31,375	27,733
Pensions		10,154	10,325
Postage and	stationery		241
Travel		20,456	11,056
		449,900	411,870

				DETAILED STATEMENT OF FINANCIAL ACTIVITIES	DETAILED STATEMENT OF FINANCIAL ACTIVITIES	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
						for the year ended 31March 2023
							2023	2022
							E	E
Support costs
Management
Rent and service charges							7,586	11,795
Business rates								3,688
Insurance							10,159	9,351
Light, heat 8	water						8,974	3,208
Telephone							6,117	7,121
Postage							937	659
Photocopying	and	printing					28,340	12,407
Stationery							1,169	1,278
Recruitment								2,944
Travel								790
Training							10,607	4,309
Equipment supplied								8,736
Computer system							12,590	12,344
DBSdisclosures							20,786	1,920
Repairs and maintenance							20,040	(13,549)
Office equipment		maintenance					31,847	7,897
Sundry							3.460	23,370
Depreciation	oftangible			and heritage assets			5,524	4,928
							168,136	103,196
Finance
Bank charges							306	604
Other
Investment manager			fees				2,549	2,701
Governance	costs
Legal &professional			fees				20,922	11,736
Accountancy	fees						2,200	6,494
							23,122	18,230
Total resources	expended						701,713	583,108
Net (expenditure)/income					before gains
and losses							(198,485)	380,734
Realised recognised			gains		and	losses
Realised gains/(losses)			on	fixed		asset investments	(154,622)	105,692
Net (expenditure)/income							(353,107)	486,426