||||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|
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|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.|||||
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|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.||||
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|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|
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|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|
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|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|||
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||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|
##
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|||
|---|---|
|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|
##
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|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|||
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