2023-03-31-accounts - Lincoln & Lindsey Blind Society

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe	Trustees		1to8
Independent	Examiner's	Report
Statement of	Financial	Activities	10
Balance Sheet			11to 12
Notes to the Financial Statements			13to 21

Risk					Management
Resources: Increased		competition		for statutory	Robust financial framework,		cost	reduction strategies,
and grant	income, changes		in market conditions		contingency plans to protect		core	services, reserves
and client	behaviour	and continued		economic	policy.
pressure	on income.
					It is accepted that the long	term sustainability			of
					remaining an independent	charity		is something	that
					requires careful monitoring.
More clients using the service					Staffing levels are monitored		regularly by the		Chief
					Executive and reported to	the Executive Committee
					where necessary.

LINCOLN & LINDSEY BLIND SOCIETY Report ofthe Trustees	LINCOLN & LINDSEY BLIND SOCIETY Report ofthe Trustees
For the year ended 31March 2023
Staffing: Talented staff are not attracted, developed				Recruitment policies and procedures.
and retained in an increasingly competitive		labour
market. We also need to be aware that some			staff	Formal reviews,	appraisals and development		plans.
could retire at similar times.				Salary Reviews.	Staff training and progression		to	be
				encouraged.
Reputation and Operation:	Events that could		impact	Comprehensive training and awareness		programme
reputation and operations.	This could include		a	for all staff.
serious fraud or significant health and safety
incident.				Regular reviews	and reports to the Executive		Committee.
Safeguarding ofstaff, clients	and volunteers			Risk assessments	and policies are in place.
Governance and Processes;	No adequate	or		Governance Policy and Trustee Manual		in place.
appropriate governance and	processes in	place.		Five year strategy	in place.
Data Protection Breach				Stringent data protection and cyber security			policies		in
				place, along with	privacy statements. Programme			of
Cyber Security				training for staff.
External Environment. Inability to respond				Focusing on the needs of people with a		visual
effectively to a significant change in the external				impairment and	Increased involvement	of clients		in
environment.				the development	ofthe organisation and services.
				Partnership working.
				Monitor sector and act on any significant		change.

STATEMENT QF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31MARCH 2023				2023		2022
		Unrestricted	Restricted	Tata	I	Total
	Note	Funds	Funds	Funds		Funds
		f	E	f
INCOMING RESOURCES
Incoming resources from
generated funds
Voluntary income	2	186,142	140,732	326,874		189,505
Activities for generating funds	3	1,453	0	1,453		595
Investment income	4	3,695	0	3,695		4,022
Incoming resources from
charitable activities
Activities in furtherance ofthe
charity's objects	5	32,731	0	32,731		26,638
Total Incoming Resources		224,021	140,732	364,753		220,760
RESOURCES EXPENDED
Costs ofgenerating funds
Fundraising trading: cost of
goods sold and other costs	6	11,442		11,442		12,053
Charitable activities
Activities in furtherance ofthe
charity's objects	7	182,562	159,137	341,699		311,227
Goverance costs	11	9,692	0	9,692		6,290
Total Resources Expended		203,696	159,137	362,833		329,570
NET INCOMING/(OUTGOING)
RESOURCES		20,325	-18,405	1,920		-108,810
Other recognised gains/losses
Realised gains/lasses on sale of
fixed asset investments		14,620	0	14,620		33,126
Net movement In funds		34,945	-18,405	16,540		-75,684
RECONCILIATION OF FUNDS
Total funds brought forward		364,250	102,251	466,501		542,185
TOTAL FUNDS CARRIED FORWARD		399,195	83,846	483,041		466,501

		Note
FIXEDASSET
Tangible Restricted Assets		17
Land & Buildings		17
Investments		18
CURRENT ASSETS
Stocks
Debtors &.Payments	in Advance	19
Cash at Bank
CREDITORS
Amounts falling due
within one year		20
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS		21
Unrestricted funds
Restricted funds
TOTAL FUNDS

2023	2022
Total	Total
Funds	Funds
E
12,506	17,048
150,000	150,000
264,191	242,266
426,697	409,314
7,333	10,765
10,103	8,323
62,353	68,882
79,789	87,970
23,445	30,783
23,445	30,783
56,344	57,187
483,041	466,501
483,041	466,501
399,195	364,250
83,846	102,251
483,041	466,501

FOR THE YEAR E	FOR THE YEAR E	NDED 31MARCH	NDED 31MARCH	2023
2. VOLUNTARY		INCOME			Unrestricted	Restricted	2023	2022
					f	E	E	f
Donations and Gifts					55,374	24,110	79,484	87,681
Legacies					130,768	0	130,768	7,869
Lottery Fund	—Other donations				0	20,984	20,984	9,996
Benefit Officer Project					0	95,638	95,638	83,959
					186,142	140,732	326,874	189,505
3. ACTIVITIES FOR GENERATING				FUNDS	Unrestricted	Restricted	2023	2022
					f	f	f	f
General fundraising					1213	0	1213	505
Lettings					240	0	240	90
					1,453	0	1,453	595
4. INVESTMENT		INCOME			Unrestricted	Restricted	2023	2022
					f	f	f	E
Income from	listed		investments		3,695	0	3,695	3,631
Interest Receivable					0	0	0	391
					3,695	0	3,695	4,022
5. INCOMING	RESOURCES FROM			CHARITABLE ACTIVITIES
					Unrestricted	Restricted	2023	2022
					f	E	f	f
Service charge					2,509	0	2,509	2,740
Membership	subscriptions				16,801	0	16,801	11,535
Grants Receivable					0	0	0	100
Sale of aids &	equip				13,421	0	13,421	12,263
					32,731		32,731	26,638
6. FUNDRAISING			TRADING: COST OF GOODS SOLD AND OTHER COSTS
					Unrestricted	Restricted	2023	2022
							f	f
Staff costs					4,766		4,766	10,665
Other costs					3,589		3,589	510
Depreciation					3,087		3,087	878
					11,442		11,442	12,053
7. CHARITABLE		ACTIVITIES COSTS				Grant funding	Support
					Direct costs	ofactivities	costs	Totals
					(see Note 8)	(see note 9)	(see note 10)
Activities in furtherance					f	E	f	f
ofthe charity's objects					234,665	0	107,034	341,699

FOR THE YEAR ENDED 31MARCH	FOR THE YEAR ENDED 31MARCH	FOR THE YEAR ENDED 31MARCH	FOR THE YEAR ENDED 31MARCH	2023
8. DIRECT COSTS OF CHARITABLE				ACTIVITIES
					Unrestricted	Restricted	2023	2022
					f	f	f	f
Staff salaries					54,095	106,807	160,902	182,319
Talking News & Links Voice					0	2,445	2,445	982
Domiciliary	visiting	service			2,456	0	2,456	1,539
Volunteer exps 8 Groups					1,718	0	1,718	438
Befriending	service				11,004	0	11,004	10,029
Benefit Officer exps					0	26,088	26,088	25,156
Purchase of	aids &	equipment			12,841	0	12,841	9,943
ITProject &	support	costs			3,119	13323	16,442	5,652
Trailer exps					0	490	490	1,621
Depreciation					279	0	279	612
					85,512	149,153	234,665	238,291
9. GRANTS	PAYABLE				Unrestricted	Restricted	2023	2022
Activities in	furtherance		ofthe		f		E	6
charity's objects					0	0	0	229
Grants payable relate to individuals				in line with the charity's	objectives.
							2023	2022
10. SUPPORT COSTS							f	6
Activities in	furtherance		ofthe charity's objects				107,034	72,707
Support costs included			in the above are as follows:
					Unrestricted	Restricted	2023	2022
					f	f	f	E
Wages					78,323	9,984	88,307	55,328
Head Office	costs				17,317	0	17,317	16,478
Travel					0	0	0	75
Subscriptions					234	0	234	348
Depreciation					1,176	0	1,176	478
					97,050	9,984	107,034	72,707
11. GOVERNANCE		COSTS					2023	2022
							E	f
Staff costs							1,000	1,000
Professional	fees						7,944	5,165
Meetings and conferences							748	125
							9,692	6,290
12. NET INCOMING/(OUTGOING)RESOURCES
							2023	2022
Net resources are stated after charging/(crediting):							f	f
Depreciation	—owned		assets				4,701	1,968

14. STAFF COSTS				2023	2022
				f	E
Wages and salaries				220,905	213,282
Social security costs				14,715	15,028
Other pension costs				19,355	21,002
				254,975	249,312
The average monthly		number ofemployees	during the year was as follows:
Sight Impairment	Officers
Benefit Officers
Fundraising
Administration &.	Support services
Management
Volunteer co-ordinators
				12	13

The average monthly number ofemployees	The average monthly number ofemployees	during the year was as follows:
Sight Impairment	Officers
Benefit Officers
Fundraising
Administration &.	Support services
Management
Volunteer co-ordinators

	Trailer	Equipment	Laptops	Totals
COST		f	f	E
At 1April 2022	15,437	12,188	7,974	35,599
Disposal	0	-10,794	-3,269	-14,063
At 31March 2023	15,437	1,394	4,705	21,536
DEPRECIATION
At 1April 2022	3704	10,794	4,053	18,551
Disposal		-10,794	-3,269	-14,063
Charge for year	3,087	279	1,176	4,542
At 31March 2023	6,791	279	1,960	9,030
NET BOOK VALUE
At 31March 2023	8,646	1,115	2,745	12,506
At 31March 2022	11,733	1,394	3,921	17,048

Land &Buildings valuation	Land &Buildings valuation	2023	2022
		f	E
Cost		193,830	193,830
Accumulated	Depreciation	0	0
At 31March	2023	193,830	193,830


18. FIXED ASSET INVESTMENTS	Fixed Asset
	Investments
COST	f
At 1April 2022	242,266
Additions	112,110
Disposals	-105,826
Profit/Loss on Sale of Investments	14,620
Dividends re-invested	1,021
At 31March 2023	264,191
Market Values	f
At 31March 2023	268,243
At 31March 2022	273,920


19. DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR		2023	2022
			f	f
Other debtors			10,103	8,323
			10,103	8,323
20. CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR	2023	2022
			f	E
Deferred Income			14,065	10,207
Taxation and social security			3,966	5,533
Other creditors			5,414	15,043
			23,445	30,783

Net movement i	n fund	s, included in the abov	e are as follows:
			Balance	Incoming	Resources	Gains and	Balance
			31/03/2022	resources	expended	Losses	31/03/2023
Unrestricted funds				E	f	E
General fund			364,250	224,021	-203,696	14,620	399,195
Restricted funds
Designated funds	- Benefit Advice Project		61,618	106,638	-115,520		52,736
Lottery Fund			0	9,984	-9,984				0
Befriending Donations			0	17,375	-17,375				0
Trailer Expenses	Fund		7,013	0	-490			6,523
Mablethorpe Club Funds			196	60					256
Westcliff Club Funds			114	47					161
Tesco Club Funds			445		-445				0
Moorland Lincoln	Funds		193	30	-85				138
Horncastle Club Funds			50		-50				0
IT Equipment/Support		Fund	32,622	6,598	-15,188		24,032
			102,251	140,732	-159,137		83,846
TOTAL FUNDS			466,501	364,753	-362,833	14,620	483,041