WAR WICKSHIRE VISION REPORT OF THE TRUSTEES and AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WARWICKSHIRE ASSOCIATION FOR THE BLIND (TIA WARWICKSHIRE VISION SUPPORT) REGISTERED COMPANY NUMBER.. 06511954 (England and Wales) REGISTERED CHARITY NUMBER: 1123220
CONTENTS REFERENCE AND ADMINISTRATIVE DETAILS................. FOREWORD FROM ELIZABETH THIEBE. CHAIR OF TRUSTEES...... REPORT OF THE TRUSTEES................................................................................ Aboutwarwlckshlre Vislon Support. Misslon.....................................................................,..,.,..,,...,...,..... Aims and Objectlves...........................................................,...,...,......,...,....,............ Key actlvltle5... Our Values and Guidlng Prlnclples................,....... STRATEGIC REPORT..................................... FINANCIAL REVIEW................................................................................. .12 Flnanclal performance... ......................................................................................12 Investment polocy and objectlves................. .................... ............. .12 Reserves pollcy......................................,.....................,.........,................................ 12 FUTURE PLANS...... .13 STRUCTURE. GOVERNANCE AND MANAGEMENT............................................13 Governlngdocument............................................................................. .13 Recrultment and appolntment of new trustees.......... Key management remuneratlon.,...................................,.................................. 14 Rlsk management......................................................................... 14 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION FOR THE BLIND... .13 .16 21Page
REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES Elizabeth Ann Thiebe (Chair) David Adams Susan Mary Ayres Stacey Loulse Fennell Amer Herian Richard Charles Orme Thuy Pham Tom Bulpitt Arthur Marklew Ligglns Louise Wallls COMPANY SECRETARY Stacey Loulse Fennell REGISTERED OFFICE 14 Market Place Warwick, Warwickshire United Kingdom CV34 45L REGISTERED COMPANY NUMBER 06511954 (England and Wales) REGISTERED CHARITY NUMBER 1123220 AUDITOR Harrlson Beale & Owen Limited Chartered Accountants Highdown House 11 Hlghdown Road Leamlngton Spa Warwickshire CV311 Kr BANKERS Lloyds Bank 12 Swan Street Warwick Warwickshire CV34 4BJ INVESTMENT MANAGERS Qullter Chevlot Investment Management Two Snow Hlll Snow Hill Queensway Birmlngham B4 6GA 31Page
FOREWORD FROM ELIZABETH THIEBE. CHAIR OF TRUSTEES Supporting our community wlth a steady hand We have had a year of small and steady improvements as we continue to implement our vision to bring our services to more people. This year, we expanded our ECLO {hospital-based Eye Clinic Liaison Officer) servlces to people In the north of the county. We are now able to meet the needs of people in all parts of the county through the entlre length of their sight loss Journey. Supporting people atthe early stage of diagnosls is key to linking them Into the wide range of serrfices that we can elther provlde or slgn post them to. We have also increased the numbers of people attending our support centres and soclal clubs throughout Warwlckshlre by 5%. We have done thls with the support of a steady and dedicated team of volunteers and a team of dedlcated and experienced staff. We are pleased to see little turnover in our staff numbers. We are In the second year of our Rehabllltatlon contract with Warwickshire County Councll. And throughout the year, we have looked for ways to support the contlnuation of thls care by efflclent scheduling, supporting the tralnlng and educatlon of staff to reach the quallficatlon of Vlsion Rehabllltation Speciallst. However, the most vlsual change thls year has been everything but small. Our renovation project of the Warwlck Town Centre office space whlch Is Intended to ralse our proflle and provlde a permanent home for the charity is underway. The deslgn of the space from floor layout to paint colours has been undertaken wlth Input from staff, volunteers and those uslng our servlces. We look ahead at thls newly renovated space as a launch pad for more services to help our community. 41Page
REPORT OF THE TRUSTEES The trustees who are also dlrectors of the charity for the purposes of the Companies Act 2006, present their report with the flnancial statements of the charlty for the year ended 31 March 2024, The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). About Warwlckshlre Vision Support Warwickshire Vision Support Is the tradlng name of Warwickshlre Assoclation for the Blind, a registered charlty incorporated In England and Wales as a company Ilmlted by guarantee and governed by its Memorandum and Articles of Association. Mlsslon Warwickshire Vlslon Supportwas established In1911 wlth a mlsslon to provlde emotional and practical support for bllnd and partially slghted people who Ilve In the county. We achieve this each year by provldlng: support at the polnt of dlagnosls wlth the first practical steps in acknowled8lng and coming to terms wSth the condltion; support In the weeks followlng dlagnosls with training and other alds that enable an adjustment to remain safe and Independent; support through the followlng years, wlth advlce, Informatlon and other skllls training which enable more choice, greater Independence and healthier Ilfe5tyles. Alms and Objectlves We organlse ourselves and measure our effectiveness based on achlevlng the followlng outcomes for the people we support: Included We provide services whlch are accesslble, deslgned to empower and enable people with disabilities of all ages and from all Warwickshire communitles to fully engage wlth us. We invite feedback and collaborate with the people we support on the development of services, so our servlces are more relevant and effective for the people who wlll use them. We provide comprehensive advice, information and trainlng to people experlenclng and Ilving with slght loss so they are able to stay safe and make go¢)d decisions for themselves. We support people to malntaln a sense of purpose, thelr famlly or soclal connections, and avoid the feelings of isolation which are commonplace when people experience sight loss. Involved Informed Independent
Key actlvltles Providing emotlonal and practical support to people in hospital eye clinics and other places where a diagnosis of sight Ioss is made. Teaching new skills to Improve safety in the home and mobility In the communlty through our Rehabilitation Servlce provided on behalf of Warwickshire County Councll. Providlng access to advlce, Information and guldance through our network of Vision Support Centres Reduclng Isolatlon through our Befrlending services Enabling social networks through our social clubs and web conferencing facllltles Facilitating soclal Incluslon and empowerment through IT Tralnlng and Advocacy Keeping people Informed, wlth the Magazlne and other regular communlcatlon updates Our Values and Guldlng Prlnclples One Team: we recognlse that we are at our best when we share and agree on common obJertSves, asplratlons and values. Person Centred: we place the Interests of our beneficiaries at the heart of everything we do, revlewlng our systems and processes based on the needs of the people we support. Outcome Focussed: we adapt and personalise our rehabilitation and other servlces to achleve the outcomes our beneficlaries Identlfy as most Important for themselves. Carlng and Respertful: we care about people and focus on the person and not the impairment, recognlslng that it is diversity and difference in ourselves that make us stronger. We design our services with the people we serve. Reflertlve. Learnlng and Developlng: we adapt and Innovate qulckly to ensure we learn from experience and meet the changing expectations of our beneflclarles and other stakeholders. 61Page
STRATEGIC REPORT Our Servlces In 202312024 here are no words to express how very grateful we are for all of the support advice, companlonshlp andfun get togethersfrom this group fvr our Mum. Rosemary. She loved the meetings and credited Worwickshire Vision Supportfor maklng her Ilfe so much easier. Shefelt 50 5UPPOrted by all ofyour volunteers andgroup leaders" Our different servlces connect seamlessly to provide prartlcal and emotional support for anyone living in Warwlckshlre who experiences sight loss. We are wlth someone at every Step along the sight loss pathway, from formal diagnosis, through adjustment to the changlng condition, to when life wlth a vlsual Impairment becomes normalized. We help develop new mobility and orlentation skills, provide adaptatlons to the home, and offer the social benefits of bllnd and partially sighted people coming together at our support centres and soclal clubs. We provlde advocacy for the people we support SO they are properly represented when Issues arlse or they experlence poor service. We offer a befrlendlng servlce for Isolated people experlenclng or Ilvlng with sight loss. We strive to ensure the people we support feel Included, Involved, Informed and as Independent as they want to be, In 2023124 our community services dlrectly engaged over 2,000 vlsually impalred indlvlduals and often their spouse, other famlly member, frlends, carers and guide dogs. We know from feedback and our monltorlng and evaluatlon over the year that our servlce5 contlnue to be hlghly valued by the people we work wlth, and have a slgnlflcant Impact on thelr dally Ilves, and those of the people around them. Eye Care Llalson Offlcers (ECLOS) "A masslve thonk you to Del the ECLO from Warwickshire Vision Support her advice is invaluable in our ophthalmolo Cllnlcs, I dont know what we'd do wlthout her supporf(NHS Trust Ophthalmology Manager) In the year our Eye Care Llaison Officers (ECLOS) continued to provide a highly regarded and valued service, worklng wlth NHS staff at hospltals, and providing a crucial first point of contact for 688 people experiencing sight loss. Our three part-tlme ECLOS are based at eye clinics at Stratford Hospital and Warwick Hospital, wlth In the last year, an Increaslng presence at Camp Hill Health Centre and George Eliot Hospital in the north of the county, where we know therels greater 50clal deprlvatlon and health inequalities. Our ECLOS are tralned to provide immediate, empathic emotlonal and prattical support. They assess and refer people to our community services, especially our Rehabilitation Team, and also those services of our partners in the local, regional and national health and welfare sector. 71Page
Our ECLOS complement NHS Eye Cllnlcs and Ophthalmology departments byfilling a vital gap in terms of Immediate aftercare and pastoral support followlng the disorientatin& distressing and often devastating diagnosis of sight loss, Early interventions by ECLOS help people to fully understand the clinical and social impart of sight loss, and access other servlce5 and support that they will need. Rehabilitation Services "ljust want to say a massive thankyoufor allyour help t7nd support over the lastfew months, you have been fabulous ondgiven me the confidence and support I need" Our Vlsion Rehabilltation programme for vlsually impalred adults Is dellvered under contract on behalf of Warwickshire County Councll. We dellver a report to WCC on a quarterly basis wlth monltoring, case studies and performance standards. In the last year, the reports detalled our support to more than 900 people referred to the service, and the glftlng of more than 450 Items of speclallst equlpment to help wlth Independent dally Ilvlng. Rehabllltatlon Offlcers dellver early, preventatlve, independent Ilvlng skllls Including mobility and orientation training, helping keep people safe, confldent and Independent in thelr homes and when out and about In the communlty, Thls Includes uslng publlc transport, the use of moblllty aids, learnlng routes to and from key locations and how to understand and Interpret sensory street infrastructure. We help keep people safe and confldent at home, addresslng areas such as effect5ve Ilghtlng, and how to safely cook and make hot drink5. Vlslon Support Centres 'Since being made alone the WVS centre cannot befoulted. I hove all the compony and support I need...it has made o difference all round, I don't feel as isolated... Ivs so lovety to be with people who understand... people who can see don tget it in the same wa Our four weekly and seven monthly Vlslon Support Centreg (VSCS) are facllltated gatherings of malnly older, bllnd and partially sighted people, who come together for soclal tlme and activitie5, but also for 1.1 and group information, adCe, guidance and trainlng. There are also regular demonstrations of the latest asslstlve and accesslble equipment. There are weekly VSCS In Leamlngton, Nuneaton, Rugby and Stratford, and monthly VSCS In Alcester, Atherstone, Bedworth, Coleshill, Kenilworth, Shipston and Southam. In the year we dellvered 271 support centre sesslons, wlth 3,622 vlslts from more than 300 people attending regularly and a further 120 people making their first visit. Speakers from different organisatlons vislted our VSCS to consult wlth our seNlce users,. we based our 2023124 programme on what our service users want to hear about, and thelr most pressing issues and concems. 81Page
Much of our work In the last year has been to do with the cost-of-living, especially energy use, and changes to benefits e.g. from Disability Living Allowance to Universal Credlt. We have also focused more on wellbelng activities, including seated exercise, relaxatlon, medltation, aromatherapy and creatlve activities such as poetry and musical performances. 'IT4U' Digital Skills Training Programme "My employers have noticed improvements in wordprocessing accuracy and hove nowbecome more engaged In proactively finding appropriate reasonable adjustments. after an Occupational Health report you helped organlse. So thank you and your colleogues for the invaluable IT a5slstanceyou have given me to manage my visual impairments" Our peripatetlc Interactlve Technology tralnlng was very artive again last year, with 138 people recelvlng1:1 tralning at one of ourweekly or monthly Vlslon Support Centres. The tralning has continued to empower malnly older, vlsually Impalred people to learn new digital skllls and to make the most of assistive technology and accessiblllty software to communicate and manage thelr affalrs online. As well as the face-to-face appointments at the VSCS, more 1.1 support was glven by phone, emall and on VOIP platforms. One of the mostvalued aspects of the tralnlng Is that people can 'try before they buy, so working wlth dlfferent equipment to see what Is best and most approprlate for thelr needs and skill levels. Befrlendlng and Home Vlsltlng Servlce °My Dad has started recelvlng Home Vlsltsfromyou, whlch are worth thelr welght In gold.... we recently lost my Mum and then his eye sight...he s still trying to remain independent...but he needs help because he Is strugglin We contlnue to run a Telephone Befrlendlng SeNlce and Home Visiting Service for 60 of our most isolated, lonely and vulnerable 5ervlce users. Both services aim to help Improve welfare and wellbeing, the regular contart allows people to dlscuss their week and talk about challenges they are experlencing, and how they are feellng about thelr Ilves. As well as a friendly chat and company, both Befriending Servlces have a vltal safeguardlng element. Our staff and volunteers are trained to Ilsten and look for welfare or safeguarding issues, such as poor heath or dlet, lack of dlgnlty, being bothered by unwanted visitors, etc. In the most serlou5 cases we have made referrals to Adult Social Care regardlng mental health Issues, and we have called paramedics following reports of falls and ill-health. Soclal Clubs "I definltefy would recommend the club because At is the best thlng l ever did was to go and it brought me out of my shell L7s I was in denial. I have come out of my shell now and I have made some lovelyfriends" We run Social Clubs for more than 200 visually impalred people across the county. in Atherstone, Coleshill, Kenilworth, Leamington, Nuneaton, Rugby, Southam and Stratford. 91Page
These are different to our VSCS In that the emphasis is less on information, advice. guidance and trainin& and more upon companionship and activitles to keep members active and sociable. Five clubs meet monthly and four meet Iwice monthly. Members work with our staff and volunteers to plan, schedule and organise the clubs, including creative activities, quizzes. music. games, hobby speakers, entertalners and luncheons. Volunteers "iys thefeeling of satisfaction and knoM"ngyou ore making a difference.... afantastlc team of people to work withl" The charlty Is very fortunate to have 150 actlve volunteers, glvlng thelr tSme to support ourVSCs, social clubs and befrlendlng serrfices, and helplng us at events and in high street fundralsing collettions. We established a monthly volunteer newsletter, to help celebrate thelrwork and keep them abreast of the latest developments in the charity and sight loss settor. waIckShire Vlslon Support also celebrated Volunteers Week injune 2023, whlch was an opportunlty to recognlse the significant contrlbutlon our volunteers make to our communities across Warwickshire. In a survey we condutted, 91 % of volunteers consldered their volunteering experience to be a posltlve and satlsfylng experlence, 87% of volunteers 5ald they were Ilkely to recommend volunteerSng wlth Warwlckshire Vision Support to others, and 84% sald they felt valued by the charlty. In March 2024, slx of our volunteers and our chair received recognition at the Warwickshire High Sherlff awards ceremony. Warwlckshlre Vlslon Magazlne Our prlnt and audlo magazlne provldes news, informatlon and stories especially of Interest to vlsually Impaired people. Over 3,000 of our service users now receive thls publlcatlon as an audlo file, digital file or prlnted verslon. The magazlne Is now publlshed seasonally and has recelved very positive feedback throughout the year. Bullding Renovatlon Project A signlficant development In the last year has been the stsrt of a project to renovate our premises in Warwlck, creating a new resource and training centre from where we will launch new servlces In 2025. The facilitles wlll be a communlty hub, made available for use by other regional charities and community groups. Consultation on the vlslon and deslgn of the bulldlng has been undertaken In the lastyear wlth a wlde range of stakeholders, including service beneficiaries, staff and volunteers. Conclusion of the renovation projett towards the end of 2024 wlll mean the achievement of a key objective from the 2020 Strategy Refresh, to relocate the charity to a high profile and accesslble location, generating new forms of Income in the form of rent from parts of the building. This is significan¢ reversing a trend of occupylng rental premises over the recent hlstory of the charity. 101Page
Grants received in 202312024 We would like to thank all of the grant makers who supported our services in 202312024: Austin Edwards Charity Trust Baron Davenporvs Charity Clifford Chambers Charities Dumbreck Charlty Edith &Jack Griffiths Charitable Trust Garfield Weston Foundation George Perklns Charltable Trust Goodenough Charitable Trust L & Q Foundation Mlsses Barrie Charitable Trust Natlonal Lottery Awards for All Natlonal Lottery Community Fund Reachlng Communitles Royal Learnlngton Spa Town Council Rowlands Trust Screwfix Foundatlon th The 29 May 1961 Trust Ulverscroft Foundatlon Warwick Distrlct Council Warwlckshlre Royal Arch Freemasons Warwlckshlre County Councillor grants (x4) W.G. Edwards Charltable Foundatlon
FINANCIAL REVIEW Flnancial performance Income In the year of £1,455,111 Included a single legacy donation of £1,000,000 from a grateful service beneficiary. After deducting expenses of £628,777, the charty achieved an operating surplus of £826,334. The value of investments increased by £164,422, reverslng a loss in value from the previous year of £154,622. The total increase in funds for the year totalled £990,756 enabling the Board of Trustees to proceed with ambitious plans for the renovation of premises and the development of a training centre and communlty hub. Investment policy and objectlves The charity uses Its reserves to generate Income In the form of dlvidends from long term Investments (consldered unavailable for more than 5 years) and interest from shorter term Investments deposlted wlth the Charltles Ald Foundation Investment Platform, Flagstone. Long term Investments are made in 'moderate' rlsk portfollos and should achleve a dlvldend of 3.5% (plus Inflatlon) after management fees, The risk status of the portfolio Is assessed at least annually wlth the Board of Trustees and a Fund Manager to ensure it remains relevant and appropriate for the charlty. The moderate risk status should achieve annuallsed galns over a 5-year term of15% or losses not exceedlng 6%. Short term Investments are used to support operatlng cashflow Including the resourcing of a new resource and tralning centre and other new ventures or Inltlatlves. Reserves pollcy The Balance Sheet at 31 st March 2024 sets out our total funds and reserves flgure of £3,735,779 (2023: £2,745,023), includlng £33,442 (2023: £84,706) which are designated as restrlrted. We have committed £650,000 for investment In creatlng a new resource and training centre at our premises in Warwick. The new facilities, due to open In December 2024, will be used to launch new services and wlll be shared with other local charities and communltygroups. We have ring-fenced a further £750,000 for the purchase of satelllte premlses In the north of the county. This would support our ambitlon to increase our presence in an area of the county wlth highest levels of social deprlvatlon and health Inequallty. Thls would also enable us to reduce our carbon Impact by targetlng reduced travel across the county. Remaining reserves will continue to provide an invaluable source of income from interest and dlvidends whllst safeguardlng the sustainabllity of the charity. Restricted reserves are those surplus funds carried forward from income received wlth a 121 Page
restricted purpose after deducting expenditure in the delivery of attivltles in line with the donor's specifications. FUTURE PLANS Our focus for 2024 and beyond Is on meeting the needs of increasing numbers of people who experience sight loss, In 2024 we will maintaln a hlgh level of service delivery desplte the Inevitable disruption from a major renovatlon of our premises in Warwlck throughout the next year. The renovated premises will provlde a modern and welcomlng envlronment for our service beneficiaries and other visitors to what will quickly become a resource and trainlng centre, and communlty hub. The openlng of the bullding wlll represent one of the most significant milestones in the 113-year history of the charty, providing a base from where we will launch new servlces. We alm to Increase the proflle and promSnence of the charity throughout Warwlckshire, and wlll start our search for satellite premlse5 In the north of the county in 2025. We know that people Ilvlng In the north of the county are exposed to greater levels of soclal deprlvatlon than other parts of the county and consequently experlence greater dlfficulty In accesslng eye care and other health services. Thls would further complement our ambltlon to reduce the carbon footprlnt of the organlsatlon by reduclng the movement of staff and volunteers across the county. We wlll contlnue to explore opportunltles to bulld and enhance our servlce offer. This wlll Include increaslng what we deliver In collaboratlon with others, uslng our communlcatlon channels to share and promote informatlon from other local charltles and community groups, We will launch a new tralnlng servlce at the beglnnlng of 2025, offerlng local buslnesses and others visual impairment awareness tralnlng. Thls will be a venture almed at helplng employers meet thelr legislative responsibilltles whilst supporting others to understand how they should engage with bllnd and partlally slghted people when deliverlng services. To ensure servlce delivery Is malntained at the hlgh standards we Set for ourselves, we wlll Invest further in training and professional development of our team, IncludSng an apprenticeship training scheme for Rehabilitation Officers. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charlty Is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Art 2006, Recrultment and appointment of new trustees Trustees are required to have a professlonal or commerclal background with a knowledge 131Page
of business management, and one or more specialities such as legal, HR, financial, publicity, fundraising and administratlon. We also seek people who have experience of living with sight10s5 or are professlonals in eye care. Applicants are invited to an intervlew with a Selertlon Committee, as defined in the Articles of Association. After inteNiew, the Selettion Committee report to the Board, which may invite the Applicant to attend Board meetlngs on an ad-hoc basis wlth no rlght to vote. After attending a mlnlmum of two meetings, the Board may co-opt the Applicant as a Trustee. All Trustees are required to attend semlnars and training to ensure that they are aware of changes in legislatlon. Each year, one thlrd of the Trustees have to retlre by rotation and seek re-elettion. The Trustees meet at least quarterly to receive and attion management accounts, Addltlonal meetlngs are scheduled throughout the year to address speclflc Issues and tralnlng. The work of the Trustees Ss organised Into four sub-commlttees which are responslble for produclng reports and recommendations to the Board. Under the Artlcles of Assoclation, the Trustees are permitted to appolnt a Chlef Executlve Officer (CEO) who has day-to-day responsiblllty for the management of staff and the runnlng of the charlty. Key management remuneratlon The salary of the CEO is determlned by the Chair of the Board of Trustees In consultatlon wlth the Human Resources Committee following an annual performance appralsal and an assessment of appropriate market rates for the position. Rlsk management The trustees have a duty to identlfy and revlew the rlsks to which the charlty Is exposed and to ensure appropriate controls are In place to provide reasonable assurance against fraud and error. A Rlsk Reglster Is prepared bythe CEO and reviewed bythe Board of Trustees on a regular basls. The maln risks belng monltored by trustees at March 2024 are: Rlsk 1: Income from trusts and grants is Insufficlent to meet charlty growth ambltlons and costs associated wlth charltable service delivery. Rlsk Response: Identlfy new areas of potential fvnding and lessen the rellance on traditional areas of income generation. Rlsk 2: The charity fails to meet Its regulatory or quality obligatlons in respect of seNlces provlded as part of the servlce level agreement wlth the local county council, or other charitable services, and suffers reputational and potentially long-term damage. Rlsk Response: The Board of Trustees review performance updates provided bythe CEO to ensure the team remaln sufficiently skilled and qualified, with systems and processes 141 Page
revlewed regularly to ensure delivery of services meet expectatlons. Risk 3: Loss of key staff jeopardises the delivery of services, especlally In areas of Rehabilltatlon Serrflces where recruitment of appropriately qualified personnel is known to be challenging. Risk Response: Review and update succession plans on a regular basls. whllst creating a pipeline of personnel undertaking training and formal qualifications. Thls includes establishing a new Rehabilitation Apprenticeship from 2023. Report of the trustees, Incorporating a strategic repor¢ approved by order of the Board of Trustees, as the company directors, on 21 st November 2024 and slgned on the Board's behalf by: Elizabeth Ann Thlebe - Chalr of Board of Trustees 151Page
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION FOR THE BLIND Oplnlon We have audited the financial statements of Warwlckshire Association for The Bllnd (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activitles, the Balance Sheet, the Cash Flow Statement and notes to the financlal statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountlng Standards {Unlted Klngdom Generally Accepted Accounting Practice). In our oplnlon the flnanclal statements; glve a true and falr vlew of the state of the charltable company's affalrs as at 31 March 2024 and of its incoming resources and appllcatlon of resources, Includlng Its Income and expenditure, for the year then ended,. have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accountlng Practlce; and have been prepared In accordance with the requlrements of the Companies Act 2006. Basls for oplnlon We condurted our audlt In accordance with Internatlonal Standards on Audltlng (UK) (ISAS (UK)) and appllcable law. Our responsibilltles under those standards are further described In the Auditors, responsibilities for the audit of the flnancial statements sertion of our report. We are independent of the charltable company In accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, Including the FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responsibllities In accordance with these requirements. We believe that the audlt evldence we have obtained Is sufficlent and appropriate to provlde a basis for our oplnlon. Concluslons relating to going concern In auditing the flnanclal statements, we have concluded that the trustees, use of the going concern basls of accounting In the preparation of the flnanclal statements is appropriate. Based on the work we have performed, we have not Identlfied any materfal uncertalntles relating to events or conditions that, Indlvldually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responslbllitles and the responsibilities of the trustees with respert to golng concern are described in the relevant sections of this report. Other information The trustees are responsible for the other Informatlon. The other Informatlon comprises 161Page
the information included in the Annual Report, other than the financlal statements and our Report of the Independent Audltors thereon. Our oplnlon on the financial statements does not cover the other information and, except to the extent otherwise explicltly stated in our repor¢ we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responslblllty Is to read the other information and, in doing so, consider whether the other information Is materially Inconsistent wlth the financial statements or our knowledge obtalned In the audlt or otherwise appears to be materially mlsstated. If we identify such materlal inconsistencies or apparent material misstatements, we are required to determlne whether thls glves rlse to a material misstatement in the flnancial statements themselves. If. based on the work we have performed, we conclude that there Is a materlal mlsstatement of this other information, we are required to report that fart. We have nothing to report In thls regard. Matters on whlch we are requlred to report by exceptlon We have nothlng to report In respect of the following matters where the Charltles (Accounts and Reports) Regulatlons 2008 requires us to report to you If, In our oplnlon: the Informatlon glven in the Report of the Trustees Is Inconslstent In any materlal respect with the financial statements,. or the charltable company has not kept adequate accountlng records; or the flnanclal statements are not In agreement with the accounting records and retums,. or we have not received all the Informatlon and explanations we requlre for our audlt. 171Page
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION FOR THE BLIND Responsibillties of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the dlrettors of the charitable company for the purposes of company law) are responsible for the preparation of the financlal statements and for belng satlsfled that they give a true and falr vlew, and for such internal control as the trustees determine is necessary to enable the preparation of flnancial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the charltable company's abllity to contlnue as a golng concem, disclosing, as applicable, matters related to golng concern and using the golng concern basls of accounting unless the trustees elther intend to liquidate the charitable company or to cease operatlons, or have no reallstlc alternatlve but to do so. Our responslbllltles for the audlt of the financlal statements We have been appolnted as audltors under Section 144 of the Charltles Art 2011 and report in accordance with the Act and relevant regulatlons made or havlng effect thereunder. Our objettives are to obtaln reasonable assurance about whether the flnanclal statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our opinlon. Reasonable assurance is a high level of a55urance, but Is not a guarantee that an audlt conducted in accordance wlth ISAS (UK) wlll always detect a materlal misstatement when It exlsts. Misstatements can arise from fraud or error and are consldered materlal If, indlvldually or in the aggregate, they could reasonably be experted to influence the economlc declslons of users taken on the basls of these flnancial statements. The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud Is detailed below: The audlt process Includes an assessment of the entity's risk environment. through enquiry of and discussion with management, Includlng an assessment of any key laws and regulatlons wlth whlch the company must comply in the ordinary course of business. Additionally, the overall risks of irregular transattions occurrlng are assessed followlng our obserrfations and confirmatlon of the deslgn and Implementatlon of management's controls. Whilst we are mindfvl of these risks, our audit focus is geared towards the risk of materlal mlsstatement In the financlal statements as a whole. As such, our procedures cannot guarantee that all transartions have been fully compliant with all relevant laws and regulation5, including those regulations relating to fraud, as our
procedures are not designed to detect all Instances of non-compliance. By definition, the risk of our detettion of non-compllance is greater where compllance with a law of regulatlon Is removed from the events and transactions refletted in the financial statements. The risk is also greater regarding irregularities due to fraud ratherthan error, as fraud Involved intentional concealment, forgery, collusion, omlsslon or mlsrepresentation. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Councll's website at wvW.frC.org.Uklaudlt0rsresPonslbl11tSes. This description forms part of our Report of the Independent Audltors. Comparatlve Informatlon Attention is drawn to the fart that the prior period financlal statements were not subject to audlt. Use of our report This report Is made solely to the charitable company's trustee5, as a body, In accordance wlth Part 4 of the Charities (Accounts and Reports) Regulatlons 2008. Our audlt work has been undertaken so that we might state to the charltable company's trustees those matters we are requlred to state to them In an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbS11ty to anyone other than the charltable company and the charltable company's trustees as a body, for our audit work, for thls report or for the oplnions we have formed. Harrison Beale & Owen Llmited Chartered Accountants and Statutory Audltor Ellglble to act as an audltor In terms of Sertlon 1212 of the Companies Att 2006 Highdown House 11 Highdown Road Leamington Spa Warwlckshlre CV311Kr z( I,,.(i) Lq 191Pa8e
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacles 1.002.413 36.367 1.038.780 20,820 Charltable actfvltles Statutory and rehabilitation services 114.794 206.721 321.515 389,073 Other trading actlvltles Investment income Other Income 650 650 94.166 10,635 78,242 4,458 94.166 Total 1.211.373 243,738 503,228 EXPENDITURE ON Ra151ng funds 57,661 57.661 S7,700 Charltable actlvltles Statutory and rehabllitatlon services 181479 388.637 571.116 644,013 Total 240,140 388.637 628,777 701,713 Net galns1(losses) on Investments 164,422 164.422 (154,622) NET INCOME/(EXPENDITURE) Transfers between lunds 1,135,655 93.641) (144,899) 93.641 990.7 (353,107) Net movement In funds 1,042,014 (51.258) 990.756 (353,107) RECONCILIATION OF FUNDS Total funds brought fonvard 2,660.317 84.706 1745,023 3,098.130 TOTAL FUNDS CARRIED FORWARD 3.702.331 33,448 3,735,779 2,745,023 20IPage
WARWICKSHIRE ASSOCIATION FOR THE BLIND BALANCE SHEET 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restrirted funds funds Notes FIXED ASSETS Tangible assets Investments Investments Investment property 13 401,569 401.569 406,621 14 1.596,878 15 335.040 1.596.878 335,040 1,840,935 125,000 2.333.487 1333,487 2,372,556 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 16 17 2,255 41,640 1.400.671 2.255 41.640 1,435.607 2,255 64,844 342,530 34.936 1,444,566 34.936 1.479.502 409,629 CREDITORS Amounts falling due within one year 18 (75.716) {1.494) (77,210) (37,162) NET CURRENT ASSETS 1,368.850 33,442 1,402.292 372,467 TOTAL ASSETS LESS CURRENT LIABILITIES 3.702.337 33.442 3.735.779 2,745,023 NET ASSETS 3.702,337 33,442 3.735,779 2,745,023 FUNDS Unrestrirted funds Restritted funds 19 3.702.337 33,442 2,660,317 84,706 TOTAL FUNDS 3.735,779 2,745,023 The charitable company is entltled to exemptlon from audit under Settion 477 of the Companles Act 2006 for the year ended 31 March 2024. The rnembers have not deposited notlce. pursuant to Section 476 of the Companies Act 2006 requiring an audlt of these financial statements. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accountlng records that comply wlth Settions 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the The notes form part of these financial statements
charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been audited under the requirements of Section 145 of the Charltles Att 2011. The financial statements were approved by the Board of Tnjstees and authorised for Issue on 21st November 2024 and were signed on its behalf by: Eliza h Ann Thiebe- Trustee The notes form part of these financial statements 221Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND CASH FLOW STATEMENT for the year ended 31 March 2024 2024 2023 Notes Cash flows from operating actmtles Cash generated from operations 817,205 (302,200) Net cash provided byl(used in) operating artivitie5 817.205 (301200) Cash flows from Investlng actlvltles PurGhase of tangible fixed assets Purchase of flxed asset Investments Purchase of Investment property Sale of flxed asset Investments Interest received Dlvidends received (1,668) (449,395) (210.040) 857.874 37.697 39.736 2,202 1,540 58,469 Net cash provlded by investlng actlvities 275.872 60,543 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at the be8lnnlng of the raportlng perlod 1.093.077 (241,657) 342.530 584,187 Cash and cash equlvalents at the end of the reporting period 1.435,607 342,530 The notes form part of these financial statements 231Page
WARWICKSHIREASSOCIATION FOR THE BLIND NOTESTO THE CASH FLOW STATEMENT for the year ended 31 March 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Incomel{expendlture) for the reportlng perlod (as per the Statement of Flnancial Activities) Adjustments for: Depreciation charges (Galn)Ilosses on investments Interest received Dlvldends recelved Decrease in stocks Decrease/(increase) in debtors Increasel(decrease} In credltors 990.756 (353,107) 5,051 {164.422) (37.697) (39,736) 5,524 154,622 (1,540) (58,469) 65 {39,806) (9,489) 23,204 40.049 Net cash provlded byl(used In) operatlons 817,205 (302,200) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 342,530 1.093.077 1.435.607 342.530 1.093,077 1,435.607 Total 342,530 1.093,077 1.435.607 The notes form part of these finanaal statements 241Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 ACCOUNTING POLICIES Basls of preparlng the financlal statements The flnancial statements of the charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance wlth the Charltles SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companles Att 2006. The financial statements have been prepared under the historical cost convention, wlth the exception of Investments whlch are included at market value, as modifled by the revaluatlon of certain assets. The accounts have been prepared in accordance with appllcable accountlng standards. The princlpal accountlng policies adopted In the preparatlon of the flnanclal statements are set out below and have remalned unchanged from the prev5ous year. Preparatlon of consolldated flnanclal statements The financlal statements contaln Informatlon about Warwickshlre AsSodaon for The Bllnd as an indlvidual company and do not contain consolidated financial informatlon as the parent of a group. The charlty Is exempt under Section 399(2A) of the Companles Att 2006 from the requlrements to prepare consolldated financlal statement5. Income All income Is recognlsed In the Statement of FSnanclal Actlvltles once the charlty has entitlement to the funds, it is probable that the income will be received and the amount can be measured rellably. Voluntary Income, Includin8 donatlons and legacies, are recognlsed where there is entltlement, probable recelpt and the amount can be measured wlth sufficlent rellablllty. Investment income is recognised on a recelvable basls, Income from charltable activltles Includes grant fundlng subject to speclflc performance condltions. Grant income included In this category provides funding to SUPPOrt charitable artivitles and is recognlsed where there Is entitlement, probable receipt and the amount can be measured with sufficient reliability, Grant income received from the UKS Coronavlrus Job Retention Scheme has been recognised in the period in which the related Stsff expense was Incurred. Thls Income has been recognised in other income. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, It Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to particular headings, they have been allocated to activitles on a basis consistent with the use of resources. Continued ... 251Page
Costs of generating funds are those costs Incurred in attracting voluntary income. Governance costs include those Incurred in the govemance of its assets and are primarily associated with constltutional and statutory requirements. Overhead costs Include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is prOded at the followln8 annual rates In order to write off each asset over Its estimated useful life. Improvements to property Straight Ilne over 4 years Continued ... 261Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- contlnued for the year ended 31 March 2024 ACCOUNTING POLICIES- contlnued Tanglble flxed assets Fixtures and fittings Computer equipment Stralght line over 4 years Straight line over 4 years No depreclatlon Is provided on the freehold property as the value Included wlthin these financial statements Is considered to be conslstent with the residual value of the asset concerned. Flxed assets wlth an individual cost of over £1,000 are capltalSsed, Investment property Investment propety is shown at most recent valuation. Any aggregate surplus or deficlt arlslng frorn changes in fair value is recognised in the Statement of Financial Activities. Stocks Stocks are valued at the lower of cost and net reallsable value, after maklng due allowance for obsolete and slow-movlng items. Taxatlon The charlty Is exempt frorn corporatlon tax on Its charitable Irrecoverable VAT Is Included In the expense heading to whlch the Involce relate5. Fund accountlng Unrestricted funds can be used In accordance wlth the charitable objectlves at the dlscretlon of the trustees. Restrlcted funds can only be used for partlcular restrlcted purposes within the objects of the charlty. Restrittions arlse when specifled by the donor or when funds are ralsed for particular restrlcted purposes. Further explanatlon of the nature and purpose of each fund Is included In the notes to the flnancial statements. Hlre purchase and leasln8 commltments Rentals pald under operating leases are charged to the Statement of Financial Activlties on a straight line basis over the period of the lease. Penslon costs and other post-retlrement beneflts The charitable company operates a defined contribution pension scheme. Contributlons payable to the charltable company's pension scheme are charged to the Statement of Financial Attivities in the period to which they relate. Debtors and ¢redltors recelvablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactlon prlce. Any losses arising from impairment are recognised in expenditure. When employees have rendered service to the charity, short-tem employee benefits to which the Continued ... 271Pa8e
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Golng Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exlst. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorlsing these financial statements. The budgeted income and expendlture is sufficient with the level of reserves for the charity to be able to continue as a going concern. Continued ... 281Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 DONATIONSAND LEGACIES 2024 2023 Donatlons Legacies 38,780 1.000.000 18,820 2,000 1,038,780 20,820 OTHER TRADING ACTIVITIES 2024 2023 Fundralslng events 650 10,635 INVESTMENT INCOME 2024 2023 Rents received Investment portfollo Income Deposlt account Interest 16.733 39.736 37.697 18.233 58,469 1.s40 94,166 78,242 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Actlvlty Statutory and rehabllltatlon servlces Grants 321,515 389.073 Grants recelved, included Sn the above, are as follows: 2024 2023 w.c.c. Big Lottery Other grants below £10,000 Garfield Weston Foundation 213,602 50.718 37,195 20.000 210,066 116,629 62,378 321,515 389,073 Contlnued ... 291Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- contlnued for the year ended 31 March 2024 RAISING FUNDS Ralslng donatlons and legacies 2024 2023 Staff costs Sundries 57.661 55,982 1,718 57,661 57,700 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Dlrect Costs Totals Statutory and rehabllitation senAces 423.075 148.041 571.116 SUPPORT COSTS Governance costs Management Flnance Other Totals Statutory and rehabilitation services 125.676 4.981 72 17.312 148.041 NET INCOMEI(EXPENDITURE) Net Incomel(expendlture) Is stated after char8ingl(credltlng): 2024 2023 Audltors, remuneratlon Depreclatlon - owned assets Other operatlng leases 6,300 5.052 4.688 5,524 7,586 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits forthe year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. Continued ... 301 Pase
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 413,442 31.428 11,267 437,835 36,077 11,514 456.137 485,426 The average monthly number of employees durin8 the year was as follows; 2024 2023 22 Charltable and admlnlstratlve staff No employees recelved emoluments In excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestritted Total Restrlcted funds funds funds INCOME AND ENDOWMENTS FROM Donations and legacies 16,27S 4,545 20,820 Charltable actlvltles Statutory and rehabilltatlon services SO,081 338.992 389,073 Other tradlng actlvlties Investment Incorne Other income 10,635 10,635 78,242 4,458 78,242 3,718 740 Total 148,316 354,912 503,228 EXPENDITURE ON Raising funds 56,595 1,105 57,700 Charltable actlvltles Statutory and rehabilitation seNlces 256,888 387,125 644,013 Total 313,483 388,230 701,713 Net gainsl(losses) on investments (154,622) (154,622) NET INCOMEI(EXPENDITURE) (319,789) (33,318) (353,107) Contlnued ... 31 IPage
Transfers between funds {70,157) 70,157 Net movement In funds (389,946) 36,839 (353.107) RECONCILIATION OF FUNDS Totsi funds brought forward 3,050,266 47,864 3,098,130 TOTAL FUNDS CARRIED FORWARD 2,660,320 84,703 2,745,023 Contlnued ... 321Page
WARMCKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 13. TANGIBLE FIXED ASSETS Improvements Fixtures to and property fittings Freehold property Computer equipment Totals COST At 1 Aprll 2023 and 31 March 2024 396.192 19.398 44.015 2.916 462.521 DEPRECIATION At 1 AprS12023 Charge for year 19.398 35,461 4.325 1,041 727 55.900 5,052 At 31 March 2024 19.398 39,786 1.768 60.952 NET BOOK VALUE At 31 March 2024 396.192 4.229 1,148 401.569 At 31 March 2023 396,192 8,554 1,875 406,621 14. FIXED ASSET INVESTMENTS Usted investments MARKET VALUE At l Aprll 2023 Addltlons Disposals Revaluations 1.840,935 449.395 (857,874) 164.422 At 31 March 2024 1.596.878 NET BOOKVALUE At 31 March 2024 1,596.878 At 31 March 2023 1.840,935 There were no Investment assets outside the UK. Cost or valuatlon at 31 March 2024 Is represented by: Llsted Investments Valuatlon in 2024 Cost 146.950 1.449.928 1.596.878 Continued ... 331Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 15. INVESTMENT PROPERTY FAIR VALUE At 1 April 2023 Additions 125,000 210.040 At 31 March 2024 335.040 NET BOOKVALUE At 31 March 2024 335.040 At 31 March 2023 125,000 16. STOCKS 2024 2023 Stocks 2.255 2,255 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued Income 379 41,261 52,879 11,96S 41,640 64,844 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YeAR 2024 2023 Trade creditors VAT Other creditors Accruals and deferred Income 61.414 21,587 755 2,983 11,837 2,661 12.648 77,210 37,162 Continued ... 341Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- contlnued for the year ended 31 March 2024 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Clubs and branches and other financial obligations Operations contingency fund Premises reserve Long term investment 94.315 935.100 {54.108) 975.307 51.471 153.596 395.000 1,965.935 (4.308) 47.163 153.596 395.000 (39.533) 2,131.271 204.869 2,660,317 1,135.661 {93.641) 3,702,337 Restrlcted funds Home visitor service general VlsSon 5UPPOrt centres Clubs Magazlne Rehabilltatlon sepoices IT4U General Equipment (22,185) (31.745) (16.083) (11.546) (64,179) 833 20,691 (1.494) 33,637 65,382 1.758 14.325 11.546 47,079 17.100 833 466 466 84.706 (144.905) 93,641 33,442 TOTAL FUNDS 2.745.023 990,756 3,735.779 Net movement in funds, included In the above are as follow5: Incomlng resources Resources expended Galns and Movement losses In funds Unrestrlcted funds General fund Clubs and branches and other financial obligations Long term Investment 1.170,854 (235,754) 935.100 (4.308) (72) (4.308) 204,869 40.519 164.422 1.211.373 (240.134) 164.422 1.135,661 Restrlrted funds Home visitor service general Vision support centres Clubs Magazine Rehabilitation services IT4U General 90,715 49.829 992 651 97.796 3.755 (112,900) (81.574) {17.075) (12.197) (161.975) {2.922) (22.185) (31.745) (16.083) (11.546) (64.179) 243.738 {388.643) (144.905) TOTAL FUNDS 1.455.111 (628.777) 164.422 990,756 Continued ... 351Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 19. MOVEMENT IN FUNDS- continued Comparatlves for movement In funds Net movement In funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlrted funds General fund Clubs and branches and other financial obllgatlons Operatlons contlngency fund Innovation fund Premlses reserve Long term investment (239,323) 333,638 94.315 55,266 400,000 400.000 395,000 1,800,000 (3,795) (246,404) (400,000) 51,471 153,596 395,000 1,965,935 (80,469) 246,404 3,050,266 (319,792) (70,157) 2,660,317 Restrlcted funds Home vlsltor service general Advlce desks Economlclsoclal empowerment Vlslon support centres Clubs Access to work Rehabilltatlon servSces IT4U General Equipment 3,793 2,932 12,501 20,800 6,735 (16,518) (34,862) (23,923) 47,240 (15,834) (1,282) 19,491 (21,406) 13,779 12,725 31,930 11,422 {2,658} 10,857 1,282 (2,391) 21,406 (14,416) 65,382 1,758 17,100 1,103 466 47,864 (33,315) 70,157 84,706 TOTAL FUNDS 3.098,130 (3S3,107) 1745,023 Comparatlve net movement In funds, Included In the above are as follows.. Incomlng resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund Long term Investment 71,613 76,702 {310,936) (2,549) (239,323) (80,469) (1 $4,622) 148,315 (313,485) (154,622) (319,792) Restricted funds Home visitor seNice general Advice desks EconomiGlsocial empowerment Wision support centres 1,499 (1) (18,017) (34,861) (23,923) (78,546) (16,518) (34,862) (23,923) 47,240 125.786 Continued ... 361 Page
Clubs Access to work Rehabilitation services IT4U General Equlpment 1,239 2,115 210,066 30 14,179 (17,073) (3,397) (190,575) (21,436) (400) (15,834) (1,282) 19,491 (21,406) 13,779 354,913 (388,228) (33,315) TOTAL FUNDS 503,228 (701,713) (154,622) {353,107) Continued ... 371Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2024 19. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year12 months comblned posldon Is as follows: Net movement In funds Transfers between funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund Clubs and branches and other financial obligations Operatlons contlngency fund Innovatlon fund Premlses reserve Long term investment 69S,777 279.530 975,307 55,266 400,000 400,000 395,000 1,800,000 (4,308) (3,795) (246,404) (400,000) 47,163 153,596 395,000 2,131,271 124,400 206,871 3,050,266 815,869 (163,798) 3,702,337 Restrlcted funds Home vlsltor servlce general Advlce desks Economidsoclal empowerment Vlslon support centres Clubs Magazine Access to work Rehabilltation services IT4U General Equipment 3,793 2,932 12,501 20,800 6,735 (38,703) (34,862) (23,923) 15,495 (31,917) (11,546) (1,282) (44,688) (20,573) 13,779 33,416 31,930 11,422 {2,658) 2S,182 11,546 1,282 44,688 21,406 (14,416) (1,494) 33,637 833 466 1,103 47,864 (178,220) 163,798 33,442 TOTAL FUNDS 3,098,130 637,649 3,735,779 Continued ... 381Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS- contlnued for the year ended 31 March 2024 19. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months comblned net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund Clubs and branches and other financial obligatlons Long term investment 1,242,467 (546,690) 695,777 {4,308) (2,621) (4,308) 124,400 117,221 9,800 1,359,688 {553,619) 9,800 815,869 Restrlcted funds Home vlsltor servlce 8eneral Advice desks Economiclsocial empowerment VSslon support centres Clubs Magazlne Access to work Rehabilitation seNlces IT4U General Equipment 92,214 {1) (130,917) (34,861) (23,923) (160,120) (34,148) (12,197) (3,397) {352,550) (24,358) (400) {38,703) {34,862) (23,923) 15,495 (31,917) (11,546) (1,282) (44,688) (20,573) 13,779 175,615 2,231 651 2,115 307,862 3,785 14,179 598,651 (776,871) (178,220) TOTAL FUNDS 1,958,339 {1,330,490) 9,800 637,649 General funds are avallable for use at the dlrettors/trustees' discretion In furtherance of the objectives of the charity. Designated funds are amounts set aside out of general funds for use on speclflc projects. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charlty for partlcular purposes. EMPLOYEE BENEFIT OBLIGATIONS The charity operates a defined contrlbutlon pension scheme in respect of certaln employees. The scheme and its assets are held by Independent managers. The pension charge represents contributions due from the charity and amounted to £11,267 (2023 - £9,289). Outstanding contributlons to the fund at the yearend totalled £1,847 {2023- £1.888). Deflned benefit plans The charity participates in the Warwickshire County Council Pension Fund, a multi-employer deflned benefit final salary scheme where the share of the assets and liabilities applicable to each employer is not identifiable. As such the scheme is accounted for as If Itwas a defined contribution scheme. The amount recognised as an expense in the period wa5 £nil (2023 - £2,225) and there was a defined benefit contributlon Ilablllty of £nil (2023- £nil) at the year end. Continued ... 391 Page
WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 March 2024 21. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2024. CONTROLLING INTERESTS The direttorrtrustees are considered to be the ultimate controlling parties by virtue of their ability to att in concert In respect of the financlal and operatin8 policies of the charlty. This page does not form part of the statutory financial statements 401 Pa8e