REGISTERED CHARITY NUMBER: 1133300
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for Chester and District Federation of the Blind
Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB
Chester and District Federation of the Blind
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Chester and District Federation of the Blind
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The organisation exists to promote social inclusion amongst blind and partially sighted people who are socially excluded from society, or parts of society, as a result of being blind or partially sighted by:
A. Raising public awareness of the issues affecting blind and partially sighted people, both generally and in relation to their social exclusion.
B. Providing advocacy and support to blind and partially sighted people.
C. Enabling and encouraging blind and partially sighted people to seek to influence local bodies, such as councils, health and education authorities, to take into account the requirements of blind and partially sighted people.
D. Providing recreational facilities and other opportunities for blind and partially sighted people through service provision and other mechanisms.
E. Providing education and information to support and enable blind and partially sighted people to maximise their educational opportunities.
Public benefit
The trustees have full regard to the Charity Commission's guidance on public benefit. The Charity's aims and activities fulfil the public benefit requirement of the Charities Act, 2011. Its charitable purposes are concerned with the advancement of citizenship, community development, and health the charity advances this by providing opportunities for social inclusion (clubs, outings, holidays etc). The charity's beneficiaries are within the Cheshire and adjacent areas. Opportunities to benefit are promoted by providing subsidised transport and activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During 2020, which was a pandemic year, our normal services were halted due to a national lockdown. Instead, the charity revised its services remaining open not only to members but to the general public.
When the pandemic broke, the charity contacted all of its members offering additional services such as telephone befriending, shopping, a talking book service (as normal talking book services and library services had been severally disrupted), transport/support for medical appointments, the collection of medication and another other necessary support.
Once we were satisfied that we could meet the needs of members and had sufficient capacity, we opened our services to the general public.
At the height of lockdown, the charity was providing a weekly shopping/meds collection service for 85 households.
632 people were contacted regularly, many on a twice weekly basis, others less often according to need.
We acquired a library of talking books on disc and pen drive and delivered weekly to 36 individuals across Cheshire.
As soon as we were able, we opened our doors to members/members of the public through our support group meetings "Tea for Two". When the second phase of the pandemic was at its height we decided that support groups were too dangerous for our vulnerable clients attend, instead we took "Tea for Two" into the community, delivering afternoon teas while performing live outside of people's homes and in the streets. The message always being 'you are not alone, we are here if you need us'.
As soon as the second wave of the pandemic abated the charity resumed thrice weekly support meetings.
Page 1
Chester and District Federation of the Blind
Report of the Trustees for the Year Ended 31 December 2020
FINANCIAL REVIEW
Reserves policy
At present the charity has two major sources of income, profits from trading and income from fundraising. There is a third source of income, grants but the charity does not rely on grant funding for core costs, grant funding tends to be used to run specific projects and buy specified equipment.
Though the charity creates its own income we cannot be certain that there will never be a down turn in trading or a loss of fundraising opportunities. Therefore, our income cannot be guaranteed. For this reason the charity should hold money in reserve to cover a lean period and/or to cover the cost of redundancies and other obligations in the case of the charity being forced to close.
To avoid closure if funding difficulties were to happen the Chester and District Federation of the Blind board of trustees has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of six months in the event of loss of income.
The main concerns of the board are to ensure:
That staff can continue working, primarily to secure new funding and
That members/service users are supported to move on to other services.
The level of reserves is calculated and monitored every 12 months as the amount of reserves required will alter according to the number of staff we employ and other commitments the charity may undertake.
The board has decided that a sum of £100,000 should be held in reserve to cover six months outgoings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1133300
Principal address
Unit 37 Rosscliffe Road Ellesmere Port Cheshire CH65 3AS
Trustees
Mrs L C Butt Dr M Bhakoo Mrs J Jones Ms J Whitmore Ms S Towell Ms G L Salmon J Bhargava
Page 2
Chester and District Federation of the Blind
Report of the Trustees for the Year Ended 31 December 2020
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner A M Bagnall FCA Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB
GOVERNANCE
The board has reviewed and revised existing policies.
Approved by order of the board of trustees on 21 July 2021 and signed on its behalf by:
Dr M Bhakoo - Trustee
Page 3
Independent Examiner's Report to the Trustees of Chester and District Federation of the
Blind
Independent examiner's report to the trustees of Chester and District Federation of the Blind
I report to the charity trustees on my examination of the accounts of Chester and District Federation of the Blind (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A M Bagnall FCA Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB
21 July 2021
Page 4
Chester and District Federation of the Blind
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 118,187 Charitable activities 5 General expenditure 40,134 Purchase of film show equipment - Coronavirus (COVID-19) pandemic related support - Other trading activities 3 15,562 Investment income 4 58 Total 173,941 EXPENDITURE ON Raising funds 6 1,580 Charitable activities 7 General expenditure 40,396 Travelling 5,451 Other 4,413 Total 51,840 NET INCOME/(EXPENDITURE) 122,101 RECONCILIATION OF FUNDS Total funds brought forward 354,985 TOTAL FUNDS CARRIED FORWARD 477,086 |
Restricted funds £ - - - 56,500 - - 56,500 - 56,500 - 1,395 57,895 (1,395) 8,430 7,035 |
2020 Total funds £ 118,187 40,134 - 56,500 15,562 58 230,441 1,580 96,896 5,451 5,808 109,735 120,706 363,415 484,121 |
2019 Total funds £ 59,748 - 9,562 - 63,295 67 |
|---|---|---|---|
| 132,672 124 90,977 6,865 5,459 |
|||
| 103,425 | |||
| 29,247 334,168 |
|||
| 363,415 |
The notes form part of these financial statements
Page 5
Chester and District Federation of the Blind
Balance Sheet 31 December 2020
| Unrestricted fund Notes £ FIXED ASSETS Intangible assets 12 - Tangible assets 13 239,348 Investments 14 1 239,349 CURRENT ASSETS Debtors 15 73,562 Cash at bank and in hand 166,135 239,697 CREDITORS Amounts falling due within one year 16 (1,960) NET CURRENT ASSETS 237,737 TOTAL ASSETS LESS CURRENT LIABILITIES 477,086 NET ASSETS 477,086 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 1 6,772 - 6,773 - 262 262 - 262 7,035 7,035 |
2020 Total funds £ 1 246,120 1 246,122 73,562 166,397 239,959 (1,960) 237,999 484,121 484,121 477,086 7,035 484,121 |
2019 Total funds £ 1 246,561 1 246,563 56,880 62,523 119,403 (2,551) 116,852 363,415 363,415 354,985 8,430 363,415 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2021 and were signed on its behalf by:
M Bhakoo - Trustee
The notes form part of these financial statements
Page 6
Chester and District Federation of the Blind
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Intangible assets
Intangible assets represents the cost of nine user licences for Cyber Eyes. The expenditure is to be amortised over its estimated useful life of three years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - 2% on cost |
|---|---|
| Improvements to property | - 2% on cost |
| Fixtures and fittings | - 15% on cost |
| Motor vehicles | - 20% on cost |
| Computer equipment | - 33% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Chester and District Federation of the
Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 2. DONATIONS AND LEGACIES Donations Subscriptions 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Government grants received, Job Retention Scheme General expenditure Government grants received, discretionary General expenditure Grants Purchase of film show equipment Coronavirus (COVID-19) pandemic related Grants support Grants received, included in the above, are as follows: The National Lottery Community Fund The Morgan Foundation Big Lottery Fund Tesco Cheshire West Voluntary Action |
2020 £ 118,082 105 118,187 2020 £ 15,562 2020 £ 58 2020 £ 5,134 35,000 - 56,500 96,634 2020 £ - 35,500 20,000 500 500 56,500 |
2019 £ 59,578 170 |
|
|---|---|---|---|
| 59,748 | |||
| 2019 £ 63,295 |
|||
| 2019 £ 67 2019 £ - - 9,562 - |
|||
| 9,562 | |||
| 2019 £ 9,562 - - - - |
|||
| 9,562 |
continued...
Page 8
Chester and District Federation of the
Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
6. RAISING FUNDS
Other trading activities
7.
8.
| Fundraising expenses CHARITABLE ACTIVITIES COSTS General expenditure Travelling SUPPORT COSTS General expenditure |
2020 £ 1,580 Support Direct costs (see Costs note 8) £ £ 94,717 2,179 5,451 - 100,168 2,179 Governance Finance costs £ £ 483 1,696 |
2019 £ 124 Totals £ 96,896 5,451 |
|---|---|---|
| 102,347 | ||
| Totals £ 2,179 |
9. TRUSTEES' REMUNERATION AND BENEFITS
Trustee Dr M Bhakoo was paid a total of £200 throughout the year ended 31 December 2020 (2019 - £1,200) in respect of bookkeeping services provided to the charity.
Trustees' expenses
The trustees were paid expenses totalling £1,000 expenses during the year ended 31 December 2020 (2019 - Nil)
10. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2020 | 2019 | |
|---|---|---|
| Administration | 4 | 4 |
No employees received emoluments in excess of £60,000.
continued...
Page 9
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 59,748 Charitable activities Purchase of film show equipment - Other trading activities 63,295 Investment income 67 Total 123,110 EXPENDITURE ON Raising funds 124 Charitable activities General expenditure 90,977 Travelling 6,865 Other 4,325 Total 102,291 NET INCOME 20,819 RECONCILIATION OF FUNDS Total funds brought forward 334,166 TOTAL FUNDS CARRIED FORWARD 354,985 12. INTANGIBLE FIXED ASSETS COST At 1 January 2020 and 31 December 2020 AMORTISATION At 1 January 2020 and 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 Page 10 |
Restricted Total funds funds £ £ - 59,748 9,562 9,562 - 63,295 - 67 9,562 132,672 - 124 - 90,977 - 6,865 1,134 5,459 1,134 103,425 8,428 29,247 2 334,168 8,430 363,415 Computer software £ 5,526 5,525 1 1 continued... |
Total funds £ 59,748 9,562 63,295 67 |
|---|---|---|
| 132,672 124 90,977 6,865 5,459 |
||
| 103,425 | ||
| 29,247 334,168 |
||
| 363,415 |
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
13. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Improvements Freehold to property property £ £ 134,738 110,815 - - 134,738 110,815 5,470 4,817 1,094 2,216 6,564 7,033 128,174 103,782 129,268 105,998 Motor Computer vehicles equipment £ £ 37,767 470 - - 37,767 470 37,306 468 457 - 37,763 468 4 2 461 2 |
Fixtures and fittings £ 12,739 5,367 |
|---|---|---|
| 18,106 | ||
| 1,907 2,041 |
||
| 3,948 | ||
| 14,158 | ||
| 10,832 | ||
| Totals £ 296,529 5,367 |
||
| 301,896 | ||
| 49,968 5,808 |
||
| 55,776 | ||
| 246,120 | ||
| 246,561 |
Included in cost or valuation of land and buildings is freehold land of £80,000 (2019 - £80,000) which is not depreciated.
continued...
Page 11
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
14. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1 January 2020 and 31 December 2020 | 1 |
| NET BOOK VALUE | |
| At 31 December 2020 | 1 |
| At 31 December 2019 | 1 |
There were no investment assets outside the UK.
In order to comply with best practice the trustees have established a private limited company to carry on the charity's trading activities. CDFB Trading Community Interest Company previously known as CDFB Trading Limited (registered in England and Wales, company number 07466434) was incorporated on 10 December 2010. The charity owns the entire issued share capital of CDFB Trading Community Interest Company.
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Amounts owed from subsidiary company CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Cyber Eyes Big Lottery Fund The National Lottery Community Fund TOTAL FUNDS |
At 1.1.20 £ 354,985 1 1 8,428 8,430 363,415 |
2020 £ 73,562 2020 £ 461 1,499 1,960 Net movement in funds £ 122,101 - - (1,395) (1,395) 120,706 |
2019 £ 56,880 2019 £ 1,552 999 2,551 At 31.12.20 £ 477,086 1 1 7,033 |
2019 £ 56,880 |
2019 £ 56,880 |
|---|---|---|---|---|---|
| 2019 £ 1,552 999 |
|||||
| 2,551 | |||||
| 7,035 | |||||
| 484,121 |
16.
17. MOVEMENT IN FUNDS
continued...
Page 12
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Morgan Foundation Big Lottery Fund The National Lottery Community Fund Cheshire West Voluntary Action Tesco TOTAL FUNDS |
Incoming resources £ 173,941 35,500 20,000 - 500 500 56,500 230,441 |
Resources Movement expended in funds £ £ (51,840) 122,101 (35,500) - (20,000) - (1,395) (1,395) (500) - (500) - (57,895) (1,395) (109,735) 120,706 |
Resources Movement expended in funds £ £ (51,840) 122,101 (35,500) - (20,000) - (1,395) (1,395) (500) - (500) - (57,895) (1,395) (109,735) 120,706 |
|---|---|---|---|
| (1,395) | |||
| 120,706 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Cyber Eyes Big Lottery Fund The National Lottery Community Fund TOTAL FUNDS |
At 1.1.19 £ 334,166 1 1 - 2 334,168 |
Net movement in funds £ 20,819 - - 8,428 8,428 29,247 |
At 31.12.19 £ 354,985 1 1 8,428 |
|---|---|---|---|
| 8,430 | |||
| 363,415 |
continued...
Page 13
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 123,110 Restricted funds The National Lottery Community Fund 9,562 TOTAL FUNDS 132,672 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.19 £ Unrestricted funds General fund 334,166 Restricted funds Cyber Eyes 1 Big Lottery Fund 1 The National Lottery Community Fund - 2 TOTAL FUNDS 334,168 |
Resources Movement expended in funds £ £ (102,291) 20,819 (1,134) 8,428 (103,425) 29,247 Net movement At in funds 31.12.20 £ £ 142,920 477,086 - 1 - 1 7,033 7,033 7,033 7,035 149,953 484,121 |
Resources Movement expended in funds £ £ (102,291) 20,819 (1,134) 8,428 (103,425) 29,247 Net movement At in funds 31.12.20 £ £ 142,920 477,086 - 1 - 1 7,033 7,033 7,033 7,035 149,953 484,121 |
|---|---|---|
| 29,247 | ||
| At 31.12.20 £ 477,086 1 1 7,033 |
||
| 7,035 | ||
| 484,121 |
continued...
Page 14
Chester and District Federation of the Blind
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Morgan Foundation Big Lottery Fund The National Lottery Community Fund Cheshire West Voluntary Action Tesco TOTAL FUNDS |
Incoming resources £ 297,051 35,500 20,000 9,562 500 500 66,062 363,113 |
Resources Movement expended in funds £ £ (154,131) 142,920 (35,500) - (20,000) - (2,529) 7,033 (500) - (500) - (59,029) 7,033 (213,160) 149,953 |
Resources Movement expended in funds £ £ (154,131) 142,920 (35,500) - (20,000) - (2,529) 7,033 (500) - (500) - (59,029) 7,033 (213,160) 149,953 |
|---|---|---|---|
| 7,033 | |||
| 149,953 |
18. RELATED PARTY DISCLOSURES
Subsidiary company, CDFB Trading Community Interest Company is due to donate profits for taxation purposes for the period under review, amounting to £116,001 (2019 - £57,663), to the charity. The amount owed to the charity by CDFB Trading Community Interest Company at 31 December 2020 amounts to £73,562 (2019 - £56,880) as included in debtors per note 15 to the financial statements.
Page 15
Chester and District Federation of the
Blind
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 INCOME AND ENDOWMENTS Donations and legacies Donations Subscriptions Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Grants Government grants received, Job Retention Scheme Government grants received, discretionary Total incoming resources EXPENDITURE Other trading activities Fundraising expenses Charitable activities Wages Pensions Sub contractors Insurance Telephone Postage and stationery Advertising Sundries Repairs and renewals Travelling Canteen Cleaning Motor expenses |
2020 £ 118,082 105 118,187 15,562 58 56,500 5,134 35,000 96,634 230,441 1,580 80,603 1,227 1,153 2,387 216 255 87 212 1,988 5,451 2 2,281 4,306 100,168 |
2019 £ 59,578 170 |
|---|---|---|
| 59,748 63,295 67 9,562 - - |
||
| 9,562 | ||
| 132,672 124 71,175 997 1,500 2,566 228 246 139 827 815 6,865 4 3,046 6,298 |
||
| 94,706 |
This page does not form part of the statutory financial statements
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Chester and District Federation of the
Blind
| Charitable activities Other Freehold property Improvements to property Fixtures and fittings Motor vehicles Support costs Finance Bank charges Governance costs Accountancy fees Legal and professional fees Other governance costs Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
2020 £ 1,094 2,216 2,041 457 5,808 483 1,496 - 200 1,696 109,735 120,706 |
2019 £ 1,094 2,216 1,649 500 |
|---|---|---|---|
| 5,459 639 1,224 73 1,200 |
|||
| 2,497 | |||
| 103,425 | |||
| 29,247 |
This page does not form part of the statutory financial statements
Page 17