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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||||||
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|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|
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|(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|
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|7|Investment|property|||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|
##
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|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|