2023-03-31-accounts - Worcestershire Association For The Blind

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Reference and administrative details
Chair's Statement
Trustees' Report	3to 9
Statement Trustees' Responsibilities	10
Independent Examiner's Report
Statement of Financial Activities	12
Statement of Financial Position	13
Notes to the Financial Statements	14to 19
Detailed Financial Statements	20 and 21

		Ref	er	ence and	administrative	de	tails	tails	tails
Trustees					C Wigley		Chairperson
					H Shaw		Vice	Chair
					R Milford		Treasurer
					ESBaio
					A W Hall
					J Hill
					J McBride
					SSheridan
					P A Virdi-Smith		(appointed			1 May 2022)
					N Button		(resigned		24 January 2023)
					E Mackenzie		(resigned		16June 2022)
					P Mackenzie		(resigned		28 March 2023)
Chief Executive Officer					A Eyre
Company	registered			number	07258623
Charity registered			number		1136716
Registered		Office			The Bradbury Centre
					2 Sansome	Walk
					Worcestershire
					WR1 1LH
Bankers					CAF Bank
					25 Kings Hill Avenue
					Kings Hill
					West Mailing
					Kent
					ME194JQ
Solicitors					Thursfields	Solicitors
					9-10The Tything
					Worcester
					WR1 1HD
Independent		Examiner			Forest Phoenix Accountancy					Ltd
					Units 21-23	Foxes Bridge Road
					Forest Vale	Industrial		Estate
					Cinderford
					Gloucestershire
					GL14 2PQ

nst identifiable risks	is approximately E333k(2022:E481k).
		2023	2022
		E	E
Inability to raise income		62,319	56,654
The costs ofclosure	ofthe charity	42,493	38,630
Costs ofrepairs to the building		90,200	82,000
Staffing Contingency	Costs	33,000	30,000
Designated Funds		104,815	273,664
Total		332,827	480,948

(Including Income and Expe	nditure A	ccount	and Statement o	fTotal Recognis	ed Gains and L	osses)
			Unrestricted funds	Restricted funds	Total 31stMarch 2023	Total 31stMarch 2022
		Note
Income from:
Donations, legacies and grants			131,703		131,703	210,417
Charitable activities			12,325		12,325	159,343
Other trading activities			43,265		43,265	2,320
Investments			11,111		11,111	63,451
Other income			1,536		1,536
Total income			199,940		199,940	435,531
Expenditure on:
Raising funds Charitable activities		4 4	(6,613) ~330,022)	(164,731)	(6,613) (494,803)	(60,096) (331,568)
Total expenditure			(336,685)	(164,731)	(501,416)	(391,664)
Net income/(expenditure) net gains on investments	before		(136,745)	(164,731)	(301,476)	43,867
Investment property transfer			(446,103)	446,103
Net (losses)/gains on investments			(14,591)		(14,591)	122,781
Net movement in funds before
other recognised gains			(597,439)	281,372	(316,067)	166,648
Other recognised gains:
Gains on revaluation offixed assets
and investments						358,087
Net movement in funds			(597,439)	281,372	(316,067)	524,735
Reconciliation offunds
Total funds brought forward		19	1,137,948	820,250	1,958,198	1,433,463
Total Funds Carried Forward		19	540,509	1,101,622	1,642,131	1,958,198

Statement	ofFina	nci	al Position (SOFP) as at 31s	t March 2023
				Note	2023 6	2022f
Fixed Assets
Tangible Assets					661,549	680,355
Investment	property				446,103	446,103
					1,107,652	1,126,458
Current Assets
Debtors and	prepayments			8	21,307	9,646
Investments				9	370,992	385,583
Cash at bank	and in	hand		10	172,090	485,258
					564,389	880,487
Creditors: Amounts		falling due within one year			(29,910)	(48,747)
Net Current	Assets				534,479	831,740
Total Net Assets					1,642,131	1,958,198
Funds ofthe	charity:
Restricted funds				12	1,101,622	820,250
Unrestricted	designated		funds	12	104,815	273,664
Unrestricted	general	funds		12	435,694	864,284
Total unrestricted funds					540,509	1,137,948
Totalfunds				13	1,642,131	1,958,198

Investment			2023			2022
			E			E
Valuation	at	1April 2022	446,103	at 1Apnl	2021	353,955
Revaluation						92,148
Valuation	at	31March 2023	446 1ll3	131M	0 2022	446103

8 Debtors			2023	2022
			6	E
Trade debtors			3,504	5,687
Prepayments and accrued income			4,764	3,959
HMRC Employers Allowance	unclaimed		13,039
			21607	9646
9 Current asset investments			2023	2022
			6	E
Charities unit trust equity fund			370,992	385583
10 Analysis ofcash at bank between funds		Restricted funds	Unrestricted funds	Total
		E	E
Cash at bank and in hand as at 31March 2022			485,258	485,258
Net cash flow			(313,168)	(313,168)
Cash at bank and in hand as at 31March 2023			172,090	172,090
11 Creditors: amounts falling due within one year			2023	2022
			E	E
Trade creditors			6,582	6,259
Other taxation and social security			4,191
Pension control account			2,054
Other creditors			7,052	8,552
Accruals and deferred income			10,031	33,936
			29010	01747

Notes to the fina	n	ci	al	state	ments for the	year ended 31	stMarch 2023
12Funds						Balance at	Incomrng	Resources	Balance at
Restricted funds						1April 2022 f	resources f	expended f	31March 2023 f
Sansome Walk Property -				ground floor		668,467		(12,948)	655,519
Sansome Walk Property -				first floor			446,103		446,103
Big Lottery - Reaching			Communities			105,476		(105,476)
Volunteering						5,119		(5,119)
Digital Technology						20,908		(20,908)
Well Being (formerly		known as Group Support)				20,280		(20,280)
Total restricted funds						820,250	446,103	(164,731)	1,101,622
Unrestricted designated				funds
Sight Loss Support	Services					136,381		(136,381)
Low Vision						16,559		(16,559)
Digital Technology						60,132		(60,132)
Group Support/Wellbelng						14,695		(14,695)
Volunteering						40,903		(40,903)
Malvern						4,994		(179)	4,815
Leasehold property		improvements					100,000		100,000
Total unrestricted	designated				funds	273,664	100,000	(268,849)	104,815
Unrestricted general		funds				864,284	199,940	(628,530	435,694
Total unrestricted	funds					1,137,948	299,940	(897,379)	540,509
Total funds						1,958,198	746,043	(1,062,110)	1,642,131
13 Analysis ofnet	assets			between funds			Restricted funds	Unrestricted funds	Balance at 31March 2023
								f	f
Tangible fixed assets							655,519	6,030	661,549
Investment property							446,103		446,103
Current assets								193,397	193,397
Current asset investments								370,992	370,992
Current liabilities								(29,910)	(29,910)
Total net assets							1,101,622	540,509	1,642,131
							Restricted	Unrestricted	Balance at
							funds	funds	31March 2022
							f	f	f
Tangible fixed assets							661,245	19,110	680,355
Investment property								446,103	446,103
Current assets							159,005	335,899	494,904
Current asset investments Current liabilities Total nei assets							820 230	385,583 (48,747) 1137948	385,583 ~(48,747 1.938 198

Detailed Profit 8	Los	s f	or	the year ended	31March 2023
					Total	Total
					31March	31March	Variance	Variance
					2023	2022
Income					E	E	E
Donations Received					8,741	19,558	(10,817)	-55%
Grants					61,325	158,372	(97,047)	-61%
Legacies					57,979	187,421	(129,442)	-69%
In Memorium					1,591	0	1,591
Payroll Giving					168	77	91	118%
Regular Giving					1,899	1,974	(75)	-4%
Events - Corporate Sponsorship					120	1,645	(1,525)	-93%
Events —Sale of Merchandise					98	0	98
Unity Lottery					786	0	786
Community Fundraising					1,256	0	1,256
Static Boxes					942	942	0	090
Gift Aid					1,248	445	803	18096
Raffles					9	0	9
Attendance fees/Contributions					0	10	(10)
Sale of Aids and Equipment			—Non Vatable		5,005	971	4,034	415%
Sale ofSecond Hand	Aids	and		Equipment	728	0	728
Income from Suppliers					2,133	665	1,468	22196
Rent/ Lease Income					43,077	52,790	(9,713)	-1896
Income From Room	Hire				188	60	128	213%
Investment Income					11,111	10,575	536	5%
Bank Interest Received					1,536	26	1,510	5808%
Total income					199,940	435,531	(235,591)	-54%
Expenditure
Raising funds
Merchandise (Fundraising)					(476)	0	(476)
Fundraising Event	Costs				(273)	0	(273)
Equipment (Fundraising)					(23)	0	(23)
Prizes for Events					(26)	0	(26)
Fundraising Expenses					(20)	(20)	0	09o
PR (Literature & Brochures)					(236)	(42)	(194)	46296
PR social media					0	(367)	367	-10096
Aids and Equipment					(5,481)	(206)	(5,275)	25619o
Miscellaneous Purchases					(16)	(192)	176	-92%
Client Expenses					(11)	0	(11)
					(6,613)	(839)	(5,774)	688%
Charitable activities
Room Hire					(2,194)	(592)	(1,602)	271%
Staff Travel					(3,336)	(1,108)	(2,228)	20190
Volunteer Travel					(442)	(228)	(214)	94%
Vehicle/Transport	Hire				(76)	(370)	294	-799o
Speaker/Tutor/Entertainment				Charges	(319)	(1,283)	964	-75%
Trip / Outing Costs					(721)	(1,153)	432	-3790
DBSChecks					(568)	(452)	(116)	26%
Low Vision Assessment		Fees			(5,580)	(8,302)	2,722	-33%
Low Vision Aids					(7,343)	(6,991)	(352)	5%
Refreshments					(961)	(492)	(469)	95%
Materials					(1,174)	(103)	(1,071)	104096

Detailed Profit &Loss f	or th	e year ended 3	1March 2023 (	continued)
			Total	Total
			31March	31March	Variance	Variance
			2023	2022
Expenditure (continued)			E	E	f
Equipment purchases for	resale		(615)	0	(615)
Delivery cost			(81)	(120)	39	-33%
Water Rates			(1,700)	(1,157)	(543)	47%
Electricity			(15,479)	(8,049)	(7,430)	92%
Gas			(2,856)	(2,594)	(262)	10%
Printing			(3,216)	(1,456)	(1,760)	121%
Postage and Carriage			(251)	(916)	665	-73%
Office Stationery			(917)	(618)	(299)	48%
Office Equipment and Furniture			(239)	0	(239)	n/a
Telephone and Fax			(2,672)	(6,168)	3,496	-57%
Computer and Software			(13,580)	(8,489)	(5,091)	60%
Mobile Phone Costs			(1,571)	(1,189)	(382)	32%
Repairs and Renewals			(7,340)	(10,109)	2,769	-27%
Cleaning			(3,338)	(3,852)	514	-13%
Waste Collection			(745)	(834)	$9	-11%
Premises Expenses			(26)	0	(26)	n/a
Maintenance Contracts			(985)	(503)	(482)	96%
Health and Safety Costs			(2,293)	(9,329)	7,036	-75%
Insurance			(3,675)	(3,716)	41	-1%
Sundry Expenses			(1,572)	(1,102)	(470)	43%
Irrecoverable VAT			0	(7,421)	7,421	-100%
Bank Charges			(138)	(112)	(26)	23%
Gross Wages			(290,654)	(229,192)	(61,462)	27%
Employers NI			(22,109)	(12,886)	(9,223)	72%
Employers Pensions			(8,361)	(6,259)	(2,102)	34%
Recruitment Expenses			(3,809)	(645)	(3,164)	491%
Agency/Freelance			(16,293)	(8,276)	(8,017)	97%
Training			(1,781)	(1,588)	(193)	12%
Legal Fees			(6,039)	(1,550)	(4,489)	290%
Accountancy and Independent		Examiners Fees	(2,522)	(7,020)	4,498	-64%
Other Professional Fees			(32,365)	(15,063)	(17,302)	115%
SAGE Costs			(2,834)	(2,300)	(534)	23%
Pension Costs			(518)	(475)	(43)	9%
Membership Fees			(539)	(479)	(60)	13%
Property Depreciation			(13,37$)	(9,355)	(4,023)	43%
Office Equipment Depreciation			(5,428)	(5,522)	94	-2%
Bad Debt write-off			0	(37)	37	-100%
Total expenditure			(494,803)	(390,825)	(103,978)	27%
Other recognised gains/(losses)
Investment Gains/Losses			(14,591)	122,781	(137,372)
Gain on Property Revaluation	-restricted		0	204,109	(204,109)
Gain on Property Revaluation	- unrestricted		0	153,978	(153,978)
Total other recognised gains/(losses)			(14,591)	480,868	(495,459)
Net movement in funds			(316,067)	524,735	(840,802)
Reconciliation offunds
Total funds brought forward			1,958,198	1,433,463	20,534	17,062
Total Funds Carried Forward			1,642131	1,958 198	24962	32350