2022-12-31-accounts - Chester & District Federation Of The Blind

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

REGISTERED CHARITY NUMBER: 1133300

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

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 2022

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	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 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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.

Page 1

Chester and District Federation of the

Blind

Report of the Trustees for the Year Ended 31 December 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities

Treasurer's report to the AGM year-end 2022

As Treasurer of CDFB I have a responsibility to keep an eye on the overall financial position of the charity. To that end this brief summary is based on the annual unaudited financial statements for the year ended 31 December 2022 for Chester and District Federation of the Blind (CDFB). These were prepared by chartered accountants Johnstone Howell & Co. and will have been approved by the board of trustees of the charity prior to the AGM.

With the Covid-19 health emergency behind all in the UK, the charity emerged from the restrictions ready to enhance fund raising activities, and income levels increased significantly during the year. The three primary income sources being trading surpluses, donations and fund raising, grants and subsidies. Whilst grants and subsidies declined primarily due to the pandemic coming to an end, it was the trading surplus which increased to such an extent that it more than compensated for the decrease in support funding. On the expenditure side, routine costs for repairs and consumables began to increase again which was only to be expected given the increased levels of use.

Overall, total charity income increased, by 17% year on year, to a very healthy £268,214. Income from fund raising events more than doubled to £43,694 compared with the 2021 figure of £18,880. Once again, the largest income source was from in donations totalling £202,076, the majority of which came from the CDFB Trading Community Interest Company. (the charity's subsidiary). By making such a donation of all income, within the legal time frame, CDFB Trading can avoid paying corporation tax on its profits for the year.

With the activities at the depot and shops (in Runcorn and Ellesmere Port) continuing to be a financial success story, the trustees are planning to add a third shop to the portfolio in 2023 although this will require repairs and refurbishment prior to being opened for business.

At the year-end, total funds held by the charity were £710,786 (including £3,983 of restricted funds) representing a 19% increase of £134,186 on the equivalent figure for 2021.

Therefore, the charity has continued to build up a very solid financial position which exceeds the operating philosophy requirement of the organization, which has been to hold a reserve of £100,000 to cover all running costs without any income for six months. With this increased level of reserves, CDFB Trading can look forward to the refurbishment of the Ellesmere Port depot and a new shop in 2023. At the same time, the charity's core business of providing services and activities can be kept under constant review given the funds available for disposal.

To conclude, I would like to take this opportunity to thank our wonderful team of volunteers, managers and dedicated staff. The volunteers have contributed in excess of 800 hours of work every week, a truly huge contribution to the organization. Without such conscientious workers, the charity would not have been able to deliver services and continue to be valued provider within the local community.

Philip J Bellerby CDFB Volunteer and Treasurer

Page 2

Chester and District Federation of the

Blind

Report of the Trustees for the Year Ended 31 December 2022

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

Independent Examiner

A M Bagnall Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB

Page 3

Chester and District Federation of the Blind

Report of the Trustees for the Year Ended 31 December 2022

GOVERNANCE

The board has reviewed and revised existing policies.

Approved by order of the board of trustees on 5 July 2023 and signed on its behalf by:

Dr M Bhakoo - Trustee

Page 4

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 2022.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, which is one of the listed bodies.

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

Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB

5 July 2023

Page 5

Chester and District Federation of the

Blind

Statement of Financial Activities for the Year Ended 31 December 2022

Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 202,076 - Charitable activities 5 General expenditure 1,900 - Funding of a volunteer co-ordinator - - Coronavirus (COVID-19) pandemic related support - 20,500 Other trading activities 3 43,694 - Investment income 4 44 - Other income - - Total 247,714 20,500 EXPENDITURE ON Raising funds 6 15,970 - Charitable activities 7 General expenditure 82,284 20,500 Travelling 9,051 - Other 4,828 1,395 Total 112,133 21,895 NET INCOME/(EXPENDITURE) 135,581 (1,395) RECONCILIATION OF FUNDS Total funds brought forward 571,222 5,378 TOTAL FUNDS CARRIED FORWARD 706,803 3,983	2022 Total funds £ 202,076 1,900 - 20,500 43,694 44 - 268,214 15,970 102,784 9,051 6,223 134,028 134,186 576,600 710,786	2021 Total funds £ 152,605 2,006 10,000 35,875 18,880 20 3,260
		222,646
		18,199 94,145 11,634 6,189
		130,167
		92,479 484,121
		576,600

The notes form part of these financial statements

Page 6

Chester and District Federation of the

Blind

Balance Sheet 31 December 2022

Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Intangible assets 12 - 1 Tangible assets 13 231,057 3,982 Investments 14 1 - 231,058 3,983 CURRENT ASSETS Debtors 15 344,035 - Cash at bank and in hand 134,868 - 478,903 - CREDITORS Amounts falling due within one year 16 (3,158) - NET CURRENT ASSETS 475,745 - TOTAL ASSETS LESS CURRENT LIABILITIES 706,803 3,983 NET ASSETS 706,803 3,983 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS	2022 Total funds £ 1 235,039 1 235,041 344,035 134,868 478,903 (3,158) 475,745 710,786 710,786 706,803 3,983 710,786	2021 Total funds £ 1 241,262 1 241,264 149,336 189,130 338,466 (3,130) 335,336 576,600 576,600 571,222 5,378 576,600

The financial statements were approved by the Board of Trustees and authorised for issue on 5 July 2023 and were signed on its behalf by:

M Bhakoo - Trustee

The notes form part of these financial statements

Page 7

Chester and District Federation of the

Blind

for the Year Ended 31 December 2022

Notes to the Financial Statements

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 8

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

2021 £ 152,605 -	2021 £ 152,605 -	2021 £ 152,605 -
152,605
	2021 £ 18,880
	2021 £ 20 2021 £ - 2,006 10,000 35,875	2021 £ 20
	47,881
	2021 £ 10,000 - 35,875
	45,875

continued...

Page 9

Chester and District Federation of the Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

6. RAISING FUNDS

Other trading activities

Fundraising expenses 7. CHARITABLE ACTIVITIES COSTS General expenditure Travelling 8. SUPPORT COSTS General expenditure	2022 £ 15,970 Support Direct costs (see Costs note 8) £ £ 100,965 1,819 9,051 - 110,016 1,819 Governance Finance costs £ £ 538 1,281	2021 £ 18,199 Totals £ 102,784 9,051	2021 £ 18,199
		111,835
		Totals £ 1,819

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

No expenses were paid to the trustees during the year ended 31 December 2022 (2021 - nil).

10. STAFF COSTS

The average monthly number of employees during the year was as follows:

	2022	2021
Administration	3	3

No employees received emoluments in excess of £60,000.

continued...

Page 10

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
		£	£	£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	152,605	-	152,605
	Charitable activities
	General expenditure	2,006	-	2,006
	Funding of a volunteer co-ordinator	-	10,000	10,000
	Coronavirus (COVID-19) pandemic related
	support	-	35,875	35,875
	Other trading activities	18,880	-	18,880
	Investment income	20	-	20
	Other income	3,260	-	3,260
	Total	176,771	45,875	222,646
	EXPENDITURE ON
	Raising funds	18,199	-	18,199
	Charitable activities
	General expenditure	48,008	46,137	94,145
	Travelling	11,634	-	11,634
	Other	4,794	1,395	6,189
	Total	82,635	47,532	130,167
	NET INCOME/(EXPENDITURE)	94,136	(1,657)	92,479
	RECONCILIATION OF FUNDS
	Total funds brought forward	477,086	7,035	484,121
	TOTAL FUNDS CARRIED FORWARD	571,222	5,378	576,600
12.	INTANGIBLE FIXED ASSETS
				Computer
				software
				£
	COST
	At 1 January 2022 and 31 December 2022			5,526
	AMORTISATION
	At 1 January 2022 and 31 December 2022			5,525
	NET BOOK VALUE
	At 31 December 2022			1
	At 31 December 2021			1

continued...

Page 11

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

13. TANGIBLE FIXED ASSETS

COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021	Freehold Improvements property to property £ £ 134,738 110,815 7,658 9,249 1,094 2,216 8,752 11,465 125,986 99,350 127,080 101,566 Motor Computer vehicles equipment £ £ 16,067 470 16,064 468 - - 16,064 468 3 2 3 2	Fixtures and fittings £ 19,438
		6,827 2,913
		9,740
		9,698
		12,611
		Totals £ 281,528
		40,266 6,223
		46,489
		235,039
		241,262

Included in cost or valuation of land and buildings is freehold land of £80,000 (2021 - £80,000) which is not depreciated.

14. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Shares in
	group
	undertakings
	£
MARKET VALUE
At 1 January 2022 and 31 December 2022	1
NET BOOK VALUE
At 31 December 2022	1
At 31 December 2021	1

There were no investment assets outside the UK.

continued...

Page 12

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

14. FIXED ASSET INVESTMENTS - continued

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

				2022	2021
				£	£
	Amounts owed from
	subsidiary company			344,035	149,336
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
				2022	2021
				£	£
	Taxation and social security			1,492	1,522
	Other creditors			1,666	1,608
				3,158	3,130
17.	MOVEMENT IN FUNDS
				Net
				movement	At
		At 1.1.22		in funds	31.12.22
			£	£	£
	Unrestricted funds
	General fund	571,222		135,581	706,803
	Restricted funds
	Cyber Eyes		1	-	1
	Big Lottery Fund		1	-	1
	The National Lottery Community Fund		5,376	(1,395)	3,981
			5,378	(1,395)	3,983
	TOTAL FUNDS	576,600		134,186	710,786
	Net movement in funds, included in the above are as follows:
		Incoming		Resources	Movement
		resources		expended	in funds
			£	£	£
	Unrestricted funds
	General fund	247,714		(112,133)	135,581
	Restricted funds
	The Morgan Foundation		20,500	(20,500)	-
	The National Lottery Community Fund		-	(1,395)	(1,395)
			20,500	(21,895)	(1,395)
	TOTAL FUNDS	268,214		(134,028)	134,186

continued...

Page 13

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

	Net
	movement	At
At 1.1.21	in funds	31.12.21
£	£	£
Unrestricted funds
General fund 477,086	94,136	571,222
Restricted funds
Cyber Eyes 1	-	1
Big Lottery Fund 1	-	1
The National Lottery Community Fund 7,033	(1,657)	5,376
7,035	(1,657)	5,378
TOTAL FUNDS 484,121	92,479	576,600
Comparative net movement in funds, included in the above are as follows:
Incoming	Resources	Movement
resources	expended	in funds
£	£	£
Unrestricted funds
General fund 176,771	(82,635)	94,136
Restricted funds
The Morgan Foundation 35,875	(35,875)	-
The National Lottery Community Fund 10,000	(11,657)	(1,657)
45,875	(47,532)	(1,657)
TOTAL FUNDS 222,646	(130,167)	92,479

A current year 12 months and prior year 12 months combined position is as follows:

Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 477,086 229,717 Restricted funds Cyber Eyes 1 - Big Lottery Fund 1 - The National Lottery Community Fund 7,033 (3,052) 7,035 (3,052) TOTAL FUNDS 484,121 226,665	At 31.12.22 £ 706,803 1 1 3,981
	3,983
	710,786

continued...

Page 14

Chester and District Federation of the

Blind

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

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:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	424,485	(194,768)	229,717
Restricted funds
The Morgan Foundation	56,375	(56,375)	-
The National Lottery Community Fund	10,000	(13,052)	(3,052)
	66,375	(69,427)	(3,052)
TOTAL FUNDS	490,860	(264,195)	226,665

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 £199,938 (2021 - £150,902), to the charity. The amount owed to the charity by CDFB Trading Community Interest Company at 31 December 2022 amounts to £344,035 (2021 - £149,336) 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 2022

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 Other income Gain on sale of tangible fixed assets 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 Other Freehold property Carried forward	2022 £ 201,845 231 202,076 43,694 44 22,400 - 22,400 - 268,214 15,970 79,947 1,513 6,270 2,213 253 83 - 400 2,743 9,051 - 2,627 4,916 110,016 1,094 1,094	2021 £ 152,605 -
		152,605 18,880 20 45,875 2,006
		47,881 3,260
		222,646 18,199 70,728 1,426 3,655 2,565 240 - 234 655 6,778 11,634 2 1,377 4,536
		103,830 1,094 1,094

This page does not form part of the statutory financial statements

Page 16

Chester and District Federation of the

Blind

Other Brought forward Improvements to property Fixtures and fittings Support costs Finance Bank charges Governance costs Accountancy fees Total resources expended Net income	Detailed Statement of Financial Activities for the Year Ended 31 December 2022	2022 £ 1,094 2,216 2,913 6,223 538 1,281 134,028 134,186	2021 £ 1,094 2,216 2,879

			6,189 233 1,716
			130,167
			92,479

This page does not form part of the statutory financial statements

Page 17