Charlty Règl$lratlon No. 1140321 Company Reglstration No. 07435564 (England and Wale81 DORSET BLIND ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DORSET BLIND ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Presldènt Mr J Weld Patrons The Lord Fellowes ofwesl Stafford. DL Lady Emma Kitchener-Fellowes Mr S Frears Dlrectors and Trustee$ Mrs M L Gwndmonn Mrs H Rockatt Ms T L Bastard MrJ Perry Mr8 Jo$9ica Wab$tar Mrs A Colllgan So¢retary Mr J N Holyh88d Chlef •x•cutlv• Mr J N Holyhead Charlty numbor 1140321 Company numb•r 07435564 Roglst•r•d offlce 17 Bournemouth Road Low8r Parkslong Poole Dor8el BH14 OEF Ind•p•nd¢nt •xamln•r Morris Lane 31133 Cornmerclal Road Poolè Dorset BH14 OHU B•nkors Barclays Bonk PLC 100 High Street Pgole DoTsel BH15 1BL Sollcltors Drultls Sollcltors. Borough Chambers, Fw V*le Road, BouTnemouih. Dorsel, BH12JE Investment advisors Chades Stanley & Co Ltd Vadatech House Hounsdown Business Park Bulls Copse Road Southampton Hampshire S040 gLR
DORSET BLIND ASSOCIATION CONTENTS Pag• Trusiees. r8port Independent examinerfs report 11 Statgmgnt of finanolal a[vIll0$ 12 Statement of financlal posltlon 13-14 Slalamerbl of cash flo 15 Notes lo the finandal statements 16-28
DORSET BLIND ASSOCIATION TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their port and accounts for th¢ year ended 31 M¥rch 2024. Dorset Blind Association was eslablishad as an unincorporatad charity in 1918 to promotè IhÉ rèlièf in nèed of vlsually Impaired In the ¢ounty of Dorsgt and lo advance publlc educallon about blbndness and the naads of the vlsuolly Impalred. It a 1¢9151¢red charity IReglstrallon nurnber 11403211 and work5 closely with offlc8rs and staff of Pool8 Borough Council, Bournemouth Borough Council, Dorsel County Council, Health Authorities across Dorsèt, thè Royal Bt>uinèmouth trlospilal Eye Unil and the Royal Ey8 Infirmary at the Dorset County Hospilal ol tk)rch8Ster. On 10 November 2010 a n&w Incorporated charity was set up. also called Dorsel Bllnd Assocl8llon. and on 1 April 2011 the funds. assets. Ilabllllles and operallons of the unlncorporaled charlty w8ra Iransl8rred lo11. Mlx#Ttsn St#t&manl Helplng lo make life bettèr for vlsu*lly lrnpaired peoplg, What s•rvlc•s do•s It provld•? Tha maln $gTvlcg8 of Iha Assoclalion ora.. 1. Advlcg, support ond Inlom)atlon lo bllnd and partially 81ghled p8opl8 and people wlth haaring In Dors81. 2. A community Support seNice, lo help people wllh 8ight10s8 mÈlnlain independent, healthy #nd soclally actlvo Ilves. Th1¥ Include¥ volunteers provldSng regular horne visits. 3. A Resource Ceritre in Lower Parkslone, Poolo providlng advSc8 on, and th8 facS1ily to puichas8. SP8clallst equlpmenl and alds lo dally Ilvln9 deslgned to help people who are vlsually Impalred or h8arlng Impalr8d. 4. A moblle ra6ourc8 centr& vla the Slght Equlpmenl V8hlcle$. S. Support servlcè al the Royal Eyè Infirmary al Dorsel County Hospltal 8. Aquarterty newsletter, The Dorsel Llnk., produced In a range ol accessible formats. 7, SoclBI, Handlcraft and Acllvlty Clubs. 8. Tha provSslon ofgrmnls from volunlary funds, whgn fvnding pgrmlls. 9. Agents for the Br1115h Wireless for the Bllnd Fund In Dorsel. 10. A Brallle and audio transGrtptlon to mgmbers and extemal oryanlsallorns. 11. Awargno89 iroinlng to organi98llong or Ir[vIdual$ on the n8ed8 of the visu811y impalred. How Is it fundgd7 By voluntary donations, trust funds. b8que$ts and Ia¢18s. By Income from Investments. By Nallonal Lottery and other grants. By members, subscrlptlons. By income generated al charity shops.
DORSET BLIND ASSOCIATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Thè accounts havè bèèn pr8parÉd in a¢ctsrdanc8 wkh the accounting policies set out in note 1 to the account$ and comply with the charity's Articlas of Association. the Companies AGI 2006 and "AccountSng and ReportSng by Charities.. Statement of Rgcommendgd Practic8 appllcable lo rharftles preparlng thelr occounts In accordance th th8 Financial Reporting Stsndard applicable in the UK an(J Republlc of IrelBnd IFRS 1021 (affective I January 20151. ObJ8etlvès and actlvltlas The chorlty's oblect5 are to advance publlc educatlon about blindness and dgafness and the need8 of lh8 visually andlor h¢arlng Impold ond to promote the relief sn naed of peopla who have a sight andlor hearing10$5, in the counly of Dorset and thè gurrounding areas. The policies Bdopted in furtherance of these objects are detailed in the rÈports prèsonttrd by the Ch8lrman. Chlaf Exgculiva and Troasurgr. The Iruslees have pald due regard lo guldance Issued by the Charéty Comrnisslon In de¢idlng wh•1 8¢llvlli88 Ihg charlty should undertake and for the publlc benefit. Th8 charlty achl8ves Its mlsslon statèmènt and purposes through the provlslon of a varlèly of actlvlU8s, sèrvlcè5, help and support lor vlsually ImpaSred people of Dorset. all of whlch alm lo help those people lo malnlain healthy, Independont and $o¢lally In¢lusiv* liv08 noÈwllh$lgndlng the Impact ol t loss of sight. 11 Is Importanl to understand the scale of slghl IDSS In Dor8818nd the challènge Ihl8 presents, 88 th1$ cr&ale8 the need for thg Dorsel Blind AssocTatlon lo 8xlsl and lo remein vibrant and su8talriabl?. Bglng blind or partlally sighted has a signlficanl Impacl on people'5 abllity lo Ilve Independently, to ac¢e$$ shops 8nd eommunlty 18cllltl8s. to usè publlc transport and to play an actlve part Sn soclely. Slghl loss does not Come In 1s018tlon and 1$ often accompanled by other health Is$ufy5. It ¢an often also have o rèal Impact on people's emollonal wellbèlng. All of these challenges werè significanly magnlfled by th• Impact ¢f th¥ ¢oron8virus pand•mlc. Thè total populatlon ol Dorsat is now almost 780,000. It Is an agelng populauon wllh 8 hlgher than nallonal r89è number ol p8opl8 of ratlremant age and thls Is set lo rise. Lalesl avallable slallstlcs tell us that Ihare are over 4,400 people registered as bllnd or partlally slghled In Dorsel. Of these people over 70% are aged 75 years or older and almost 20.10 are of working age. Including tho people whc) 8rg regisleffjd as blind or partlally slghted. there afe an estirnated 33,900 people I[ng in Dorsel with sight loss, which 1$ equivalent to ngarfy 4.4% of the countys population. This number Is predicted lo conllnue to rlse for the loreseeable future. The expected increase In the number of people affected by and living with sight 108s is strongly linksd lo th demographlcs of Dorsel, with Increased Ille exp&clancy certaln lo result In greater numbers ol peopla affected by ndilions SUGh as age-relalgd Macular degeneration. Demand for services lo support people suffering from sighl10ss is already signifi¢ant, ha8 iner8as8d noticèably during the pandemic as services provided by oth8r organisations were Stopped or wlhdrawn and is certain lo )ntlnue to Increase In the medium and longer temi.
DORSET BLIND ASSOCIATION TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 hai erson's re 2023124 Continuing a t that has b¢6n established over several years now, l am proud to say that during the yèar 2023124 we havè ¢ontinued lo consolidate and strengthen our charltls ffnanclal posltlon and further build on our S8IVIC8 dalivèry to our member3. For any charity, being able lo report in this manner Is extremely poslllve. Th8 sorvices we provld8 to OLJr mèmbers 8nd the wid8r community have conllnued lo dellver invaluable support to péoplè wlth slghl Ioss 8¢ro$s Dorsel and indirectly lo many friends and famlly members loo. These services make a real. positivé difference to peop18's Iivos and il ramalns thè goal of our board ènd slgff lo ¢onllnue Ihls Very P05111ve trend. l am pleased lo report that our ChaThty Shop model, that Incorporates an oqulpment hub, conllnues to be very successful In g8neratino 8 large proportion of the incomo needed to dèlSvèr our seNicas, As wèll as gre8lly Increaslng awareness of the Charity and generating community support. Thls Is an ar$8 that wè arè committed ID develop and extend further until we have Dorsel wide coveiage wllh a shop e8slly nd qulckly acc&ssibl8 10 811 who livg in Iha county. We are very gral8ful lo tha organisBlions gnd bu$lneg988, as well a8 In¢Jlvldua18, whts conllnuad lo support us through this past yèar and into thè futurè. Wlthout Ihglr ¥upport, and that of our memb8r8, volunteers and patrons, wo would not bg oblo lo deliver and eonllnually Improvo our servlces. I would especially like lo thank all who helped our onnuol Motor Show to go from slrenglh to strength and e5peclally our Presldenl Jam&5 Weld lor hls support wSth thls avent, along wllh his support generally for all that wè de. Our boèrd Is ¢h8rgéd with oveT$etrlng and directing the course of the Dorsel Bllnd Assodatlon and In dolng so, we contlnue to adapt lo meet the needs of the peopl8 w8 som In a changlng and challènglng flnancl81 and pollllcal envlronmenl whèrè servl¢e cuts elsewhere have Increased d6mand. We seèk to s8N8 as dSvÈrse a populafjon ol people with slghl loss as possible and that In¢ludes nol only older people. who rn8k& up th majority of our Servlce users, but people of worklng age who hove differonl and mor& v8rl$d n6ed$. We applaud our CEO and staff foi olways looklng for ways lo maka our garvi¢g$ morg relevant and Inclusive lo the pgople w6 sèrve. Our dlv¢rse Board of Trusie&s In¢lude8 peoplè from different professions. who glv8 US tha bèngflt of thèlr expertlse. Addllionally, our Visually Impalred TnJstee5 offer both Ihelr professlonal axpertlsa and porsonal experience of 8ighl 1085. A8 two of our Trustees also have heorlng lo$$. they brfng an undgrstandlng of the challenges faced by the peopl8 wg serve that oxperlence both slghl and hearing loss. Some ol our Trustèes have served the Charity as voluntqors or slafl m8mbèr. giving u$ a better undgrsl8nding of th8 realili8s faced on the ground by our staff and volunl8ars. All of thèse people together make for a very potent and effective mix of tslenls and perspedSv0s that wlll ensure we ¢an offer the best guidance and direction possible lo support th8 9rowth and 8u8lainability of Dtsr8el Blind A5soclatlon for many y8Brs lo como. I will le&ve it lo our CEO'S and Treasurer's report to glve detalls of our financlal and programme achievements for th8 past year. We continue lo banoflt from Ihe dodicalion, talents and stewardship of our CEO, Jonathan Holyhoad. Jonathan contlnuès to manaye our building a diverse range of income sources, 8eeklng lo dellver our board's go81 to makè sur8 that we are never over reliant to ju51 one source of income. WSth Invaluable help from our Treasurer h& also works hard lo keep expenditure within budgets and to malntain posIVe cash flow, both of which are essenllal to the flnan¢ial 11-b81n of our charity. Jonathan ntInUeS lo lèad our wonderful 8nd dedl¢aled team of both service and shop staff and ovor 400 volunteer$ that mgko the octual delivery of our services possible. Each and every one of Ehese individuals goès 8bove and boyond lo deliver the very best lo the people wlth slght loss, Ihelr famllles and car&rs throughout Dorset. I speak for the entire Board and on behalf ol all our members In Ihanklng th$m for their servic& and I look forward to conbnuing to work with them all In delivering our shared goal of making bves better for people with sight loss living in DoTS&t. Maria Grundmann Chairperson
DORSET BLIND ASSOCIATION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 ief Exec Offi ort 202312 Welcome to my 19th Annual Raport for thè Dorsat Blind Assoclmtion. Th is thè fifth rèport I hav8 givèn slnce thè Coronavirus pandomic had such a significant impact on èvèryonè's livas and whil8 during this p8st yèar that Impact has continued to dimlnlsh and b88n substanfjallyloss, il stlll conunues to be rel&vanl lo how we run the Dors¢t Bllnd Ass0¢ialion. most espo¢ially in contlnulng lo makg Us much more wnscious about negdlng tts be prepared a8 best we can for th8 unexpected. While. therefore. this report wlll, as usual, look back over the pasl year, I will again also b9 looking ahead, and agaln wlth an emphasis on the vitally Important areas ol how we wlll work to maintain our seNices, try to ensure that these ar8 aN¥ays su6talnable and strive to ensure our charfty's rinancial robustness and stability lor thè lutura. 11 Is afv4ay$ nl¢e lo able to stsrt my report on a posllSvo nolg. 8nd l am very pleased lo say that thls Is 8galn the case for 2023124. Last year was 8nolher succ&sslul y&ar for Dors&t Yllnd Assoclallon. deliv8ftng strongly on Ils core purpose and misslon, increasing aGaln the nurTrber ol p80ple we are helping arbd wllh a strong, posllive flnanclal performance too. Demand for all of OUT servlces has contlnuod to grow. drfven by more people that ever lurnlng lo OBA whgrg 8ervice8 once provided by other charities, or by local health sece or government, are redu¢ed or even fully Ihdrawn. We find ourselves Increaslngly plcklng up the pl&c&s others leave behlnd and as a Ioc91 charity. wllh vlbranl, constant Bnd unbreakabl& Ilnkg to our communlty and people, we Br& delermlned to always be there to halp people whom othars may hava abandon8d. Our s8rvlca dalivery mèthods hav8 now s9tt1gd Into 8 mlx ol thg old Bnd th8 naw, a mlx ol Somè ol thè ways wè workèd prè-p8ndèmle and somè ways whSeh wo Éntrodu¢ed durSng th8 p8ndemlc and this blended. hybrtd model ensures Ih81 our staff and volunlgers support 95gnlficant numbors of blSnd and partially 8lghled paopla In 811 areas ol Dorset and with that support achiavin9 good, poslliv and m¢anlngful outcomos. Our charlty shops performed extrernely well during the year and provided 60Yo of our incorne. We successfully oponed our Seventh shop at Easton, Portland and our elghth Shop at Bridport, glvlng us a shop presence now across the breadth ol the county and worklng further lo dellver on my promSse to our members that we wlll extend our physical presen¢& for Dor$el Bllnd As$o¢lalion to &Vgntually mak& that Ihroughoul all Oorsel. Thfj shop8 ¢onlinu6 to help u$ Ic> brtsgd¢n our r9a¢h into Ihg community &von further, giv$ additionol ?¢c955 pvinls for pèoplè nèadlng our $ervi¢o$, and they help 8ignifi¢8ntly lo inc8$9 th? awarenos$ of our work and how we help peoplè. Last yèar were sold more than 1,400 items Of $pè¢iali$l equipment through the shops, very Clearfy demonstrating how our 8hops havè made a¢¢e58 lo that equlpmenl 51gnificaThlly easlèr f¢r $0 many more people. The shops helped us achleve another iecord year for overall Income, wllh that also slgnificantly helped agaln by good legacy recelpts and extremely klnd and Invaluable support from a range of other fundors. After expendllure and all olhgr odju8tmerits we ended the year wllh a surplus roughly equivalent lo 4Y¢ of our lurnov8r, which I feel IB a good outcome and helps lo move us closer to achieving our Reserves Policy. In any report I give about our charity I thlnk It is Blways worth reminding ours8lves early on why the Dorset Bllnd Assoclatlon exists and th& significant 9xlanl of sight loss In tha county. As rocordad garll&r In thls Rgport, therè ara more than 4.400 peop18 Ilvlng In Dorsat today who ar8 registarad as blind or parallY slght8d and, In total, an 98timaled 33,900 people living in the county with sight loss which affects the quality of their life on 8 day 1¢ day basis. Those people need acce5S to support which helps them lo come lo terms with their105s of sight, lo then face and overcome the challenges whlGh serfous slght loss pre¥ent$ and to wntlnue to live active. In¢Jependenl lives in their local community. 11 Is tha purpose of the Oorset Blind Association lo provide that support and help enable those pecyle lo still have a good quallly of Ilfe and to malntain a good sense ol well-being. To achieve this purpose Dorset Blind Association provtdas a range of s8rvices which help peopl8 to com8 to terms wlth the gmollon81 challenges asso¢i8led wllh slght Ioss 8nd to then deal wlth th& pracllcèl Issues whleh slghl 1055 Bause. As well as trying lo help the person suffering slghl loss themselves, we alSD hope that our services can p055tively help Ihelr friends. famlly and carers loo. We Ireal each person we help as an Indivldual, working with them In partnershlp lo address Ihelr unlque needs and we always try lo pul people wth sight loss al the centre of all that we do.
DORSET BLIND ASSOCIATION TRUSTEES. REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 As well as being practical In ils nature, we pride ourselve8 Ihal the 8UPPOrt we give 1$ also Always flexible and. where Bpproprlale. we are willing lo b9 innovative. We aren't afraid lo try somothing n8w if wa think it will help to make a posltivg difference. Wilhoul evar compiomising people's safety, thèrè Èrè times whèn thè best result Is achlèv8d by taking controll8d, calculat8d risks and trying a diflerenl approach. Flnally. we recognls8 that soNlces we provide are not always the best or most appropriate foi sorne of th8 vlsua15y Impalred people we help and so we regulady reler people on lo othtrr sour¢èg of help. either as part of a package wllh our 5ervlces or 8omelim85 as the unique solution lor Ihelr needs. Through thls BppfoBoh w& have developed and malntaln exce51enl referral relationships with many othèr Ioc81 And n8tlDnal chBriti&s and with local health and social cara agencies. We consider oursglvgs lo be a carfn9 organisailon. nurturlng and encouraglng people lo do Ihlng8 for themselv&$, lo develop thelr Independen¢e. Indeed, it is a core part of our ethos that kindness lo our members and all those who turn lo us for help should be an absolute bedrock of all we do. Being kind lo people shows we cafe, and they matter. Wa @ISD conslder ourselv86 to be progre35lve and a ¢h8rlty where everyone Is made to f*el welcome and volued and where volunteero and staff feel tha s&tislaclion of knowlng thal they are rgally maklng a posillve dlff&rence lo Ihe15vg5 ol others, For many poople It contlnu88 lo b8 88Benllal that our help and 8UPPOrt Is not fjme11mile(i In any way. Regulor •valu8tlon ol our sgrvlcès and fèadback from Dui mombgrs tells us that people want a holisllc servlce, a8 IndividLJ8lly pèrson-cèntréd as possibla. whlch Is cgntinuous and responsive lo their changing needs over Ilme. So wa wlll provide help lor as long as It 1$ needed, to reGo9nise that people's needs change and aller over time, as Ihalr level of sight may continuo to and also oth8r physlcal h•81th ch811ongas impact more greatly a8 people age. Our core servlces have been developed 0r 8 number of year8 now and contlnuo lo ftdapt and ovglve how Ihgy work to help vlsually impalred people across Derset. Our 8oNIcos a¢hlov$ a broad range of posltlve outcom69 for the servlcg user. For som$ tho Impact ¢an be tlny, for others huge bul in ev8ry case we work through our staff and volunl09rs lo try and a¢hl¢ve the best outcome we can for that person. Alongside kindness, we al$0 try to work lo appwoa¢h wherg for ¢varyon&. wh8t&var thoir n88ds. wo can say that in our efforts to hèlp them, whal8vgr was p085ible has b$en donè. Our varfous 5ervlco6 eontlnutr lo work towards helplng people lo remaln Ilvlng Indepgndenlly ot horne and actively In thelr local communlty, Including ac¢es8 lo soclal opportunlllos and through Ihoso Ihg abllly to bulld and benefll from a good peer support netsvork. We recognlse the Importance of trying lo bg guided by our members In how tho chaTIty operates and lo reff ect thelr views in both malntaining existing seryices and in any nèw s8rvlc8S Wè 8r8 abla to provide. Our Board of Dlrectors and Trustees includes visually impaired people and WÈ LJSÈ regular consuttatlon th our members and volunteers. both formal and Informal. to help inform decisions aboul ongolng and fulurg seNlce provlslon. as wall as our Impact Raport. One of the most pleasing things Is lo reflect on how our $8rvlce dellv¢ry has grown and the Increased numbers of people we now regularly support. During tre pa31 y8ar, because of strong financial perfortnance. we have been oblo lo In¢a$0 our servlce delivery staff rasource by over 20/0 and this reflects in a record number of people helped by our wrntpunily sVPPOrt services. Last year thos8 services helped and cared for over 1,200 individual$, th nearfy 12,500 individual inlgractions wilh those people through home visits, club 5e5sion5, outings, events, online meeting5 and telephone calls. In 2018 that numbèr w8S just under 5.000, so this showsjust how much we have been able lo expand our 5erwce delivery over recent years. Our abNlty to dellver our sèrvicès and all th8 8Xtrem6ly positive outcomes these achleve 13 always dependent on maintainlng our key resources. the two most Important of which are our people and our Incorne.
DORSET BLIND ASSOCIATION TRUSTEES, REPORT (CONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 W8 continu8 to bg blessed by a wonderful t¢8m of volunteors who $0 generously of thèir timg to help provid8 our sorvicas and wa are so gratèful for 811 thoy do. Our voluntèèr numbÈrs graw 8g8in durlng tha yèar and I lik8 to think that our eontinulrtg 8bS1ity to rècruit voluntèèrs, and rÈt8in many for long periods. mflaets a Comblnallon of belng a 10¢81 charlty. provlding a wbde range of dlfferenl volunt8&ring opportuni11gs. the effecllv¢nes5 of our staff In molivaling pgople to loln us and th8 salislacllon our volunlegr5 galn fM what they do. Our volun199rs ar8 8xlremely kind and generous peoplg, giving fre81y of their lime, energy and ski118 to help othors and il remains a strurce of great pride lo us all that we hold Th8 Queen's Award for Voluntary Service. On b8haEf of each and every visually Impaired person we help, I take thls opportunily to publidy thank our volunteers as a whole group and also rècord how much all ol tha eharlty's st8ff team 8nloy working with you and value your ¢Jgdi¢alion and fri&ndship. I would 8150 Ilke Ip thank our Board of Dlrectors and Trustees for all they do, Indlvldually and as a group, lo support Dorsel Bllnd A880ciallon. Th8lr 8UPPOrt for me per8onally1s always hugely apprecialgd and I v8lu8 the trust Ihtty place in me. They are critical friends, quite rightly wanting to question and inlerrogale decisions I take In my day-lowday management of thg charity and to bg consultGd and fully involved in strategic planning and decision making. Their commitmant to th8 chBrity should ba eomm8nd8d. 8SP80ially Ihe length ol limo thay Indlvidually and collecllvely have sprved In Ihls rolo, refl8cling, I thlnk, the personal salisfacllon each tokes from helplng our Charfly to Ihrlv& under Ihelr slewardshlp. I would also Ilke to racognlsè and glve appr8cl8llon for the ¢ontlnulng and extrornèly klnd Support w& receiv? Irom our Presldenl. James Wtrld 8nd our Patron8, Ju118n and Emma Felltswès and Sleph&n Frears. Indlvidually and collecllvely they also provid6 a ronge of valuable and vit81 support for Dors81 Bllnd Association, often In ways whlch go unseen by Ihg rnalorlty. They ara all genulnely concerned lo seg Ihg charity prosper and thrive and ar8 very generous and eff8ctive BUPPOrter8. We are very grateful for Ihelr conllnulng support Bnd I lak8 Ihls opportunlty lo publicly thank them for that. Lgst but cgrtalnly ngt least, when talklng of our pooplfj os$eis I must also rsport anothor yeor wherg our siaff have. yet agaln. Indlvldually an¢J ¢olle¢llvely dellvered lar and boyond th¢ Call ol tjuty. For anyone reading my reports for prevlous years. I sound a1Sttla like o record stu¢k In Ihg oroov& whan I mendon my staff colleagues, but11 raally Is the cBs8 th81 thay ara a wonderful 8SSét lor our charlly and mgka so much of whal wa do posslblè. Your charity bènÉfits hugÉly Irom how all $tsff pull together lo work as 8 team, atways r&8pondirtg p¢slllvÈly and energetically lo the ¢hallertges we face and l am always enormously grateful for the hard work they all pul in and for the support they all give me In my role. Agaln, on behalf of each and every vlsually Impaired person we help, I lake Ihls opportunlly ID publlcly thank them. Flnonclal performance durfng 2023124 was. as I havo alroady m8ntloned. agaln strong and we Bgaln achleved a mcord Incomè lotal. Our 8xpendilur8 wa$ higher than in th8 previws yaar. refle¢ting $8rvic8s 8nd 8Ctlvilie$ Increasing agaln and the additional co81s of our further shc*ps. Aftèr all adjustmènts we ended the year with a surplus of £32,459 whlch help5 to further boost our ieserves towards meeting the target figure In our Reserves Pollcy. A key aspect of our approach lo funding Dorsgt Bllnd Assoclallon has afvays been lo ty and generate Income from a board plarfortll ol wurrgs and never becoming too) dependent or over reliant on any ono singlg ¥ource, 88 we consider this be81 helps lo provide 8labilily. Our charity shop prolecl certainly helps with this and the growing income from those shops now sits as a significant contributor lo our overall financing, alongside the other important ar6BS of m8mbers fees and donations. legacy incomg ond grants gnd funding from the NBlional Lottory and many granl m8knng Trusts and Foundation$. We are always grateful for all the In¢ome and other resources which come into the ¢h811ty, Indudlng the many grant maklng Trusts and Foundations whlch have glven to us. None ol this support is ever taken for granted, we always thank all who glve to us and we conunue to work hard to justify the support and to show lo all funders that the resources they k5ndly glve us are well used and to good ¢ff&¢L
DORSET BLIND ASSOCIATION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Last year was also another good yeaT for legacy rècèipts Bnd I hop8 thot the amounts we have recttived from thi5 source for the past few years now marks a pattem which will ba tsngoing. It is. of course, always difficult lo reflect that receipts ol this nature must mean th81 someone has sadly dSed. but the fact that increaslng numbers of people are chooslng lo support Dorsel Bllnd Association Ihls final way In their Will is, I hope. a posi(ive reflecllon on the quality and p05111ve Impact of oui serviGgs and support. If wè continua to r8c8iv• 18gacy incomè al broadly the levels of the past two years, current service provislon would almost eartainly be guaranteed and ther8 would also ba scopg to grow Ihèsg furth8r. We also greatly apprèelalèd the Support glvén by lh8 public, most noticeably al our annual Motor Show event held annual at LUOrth Castle, courtesy of our PsIdent Jam¥$ Weld. Thls Is now a marquee 8venl on the Dorsel calendar and through It our charfty galn5 wide and exlrernely poslllve exposure and public awareness. as well as raislng funds lo support our services, Our Immedlale fuiurè Is exclllng. We antlcipal& having the incorne to work towards compleilng the development ol our Shops pmlact And ultimately alm to have a shop accessiblé lo anyone Ilvlng In Dorset. Income Irom our shops and olhor Stsur¢8s should allow us also lo further extend the staffing resources In our communily support servicès to tht lev81 I conslder Is optlmum and, mosl Importanuy. to then suslaln and maintain that level of staffing. Our financas have Improved and slrengthened 3ignifi¢anlly In Ihg p8$1 few yoars. whlch Is as a direct résult of the performance of the shops, cornbined wlth good legacy Income and Income from other sources. We have Strengthened our balance sheet and we enjoy good, strong and regular po$ltlvo cosh flow. All of th18 took hard work to achleve and will ay¥ take hord work lo maintain, bul l am delermin$d that all w8 havè grown And d¥volop¢d In reG¢nt yeor8 must bg suslainablo, for ihe benelll of our members, and achlevlng susloinablllty wlll continue to be my most Important parsonal goal in my rola for DorBel 811nd Association lor 88 long as I remaln In post. In ¢onelu8lon I Ihlnk we can all look back on th8 y&ai 202312024 as anolh8r year whlch wa3 p0511ive and where we certalnly delivergd very gfte¢llvely on our ¢org puipose. As always for Dorset Bllnd A5s0¢iat4on Ihls wag achleved through a real team effort with a great many pèopl8 pl8ylng Ih8lr part and Contrfbullng. Wè eonllnued lo delSver vllally Important and much needed support for ¢ur seNlce users throughout Dor$o1 and achleved th1$ 8longsldè 8nolh8r strong finandal p8rformance. We ended thè year looklng vgry positively forward to furthgr growth and development and through that we look forward lo supporting our corvmunily ovgn more. Jonathan Holyh&ad Chi$1 Exè¢utive Offlc•r.
DORSET BLIND ASSOCIATION TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Re rt 2023124 l arn pl8a$ed to mport that th& Oorset Blind Association has 8¢hlev$d another record year for income, with total income of £964.511 comp8r8d to last yeaT'S total of £949.307. After 011 the axpenditure and other financial adjuslmenls the year fflnishg¢J th a surplus of £32,459 compared lo last yÈ8r's total of £100,618. Whlle the figure for 2023124 Is le55 than the prevlous year. that year was exceptlonal and a surplu$ of approxlrnately 3.5% of our turnover for 2023124 is a rtrgutt that w& should still consider to be morè than acc&plabl&. Any year whleh ends wSth a surplus should be acknowledged as good, In fjnandal ierms allgasl, so our fin8n¢lal ye8r 202312024 should b8 seen as that and on that ba515 along should be ¢elebrated as positive. Looking al our maln sources of Income, legacy recelpls th13 ye8r werè £75.310. This is above our average lolal over the past 10 years, sols ex¢ellenl. Legacles remain an important p3rt of our ov$rall fundlng mlx and whlle Ihls Is an area of Income that 1$ unprÈdlct8blè11 Ss pleAsing lo see that over Ilme the average yearly total belng receSved Is increasing. Recognising th$ unpr8dict8bility of this in¢ome source, however, we wlll always be careful lo not COm• rallant on legacy Income and Ihls Is whew our $hop$ ore becomlng Increa81ngly more Important. Th8 shops have p8rform¢d very well and our furlher inve¥lmènl In conlSnulng to grow our shops Portfollo has pald dlvldends. The In¢ome tho1 they have generated was £607.228, whlch Is an Increase of £66,452 or over 12tsA on th8 prevlous year. Thls Is excellent news and all the staff and volunl¢ors should b& thanked for all their hard Work. Wlthoul them I don't think we would have dona a8 well. Olhor areas of Income gèn8ralion conllnue lo be Import8nl, including grants and CC>mmunlly lundraislng. both of whlGh showed Increases 2023124 Irom the pr$vloLtS y88r, and member5hlp fees and donall¢ns, whl¢h held steady. All these ar883 contribute $ignifl¢&nly ttr our ov•rall funding and h8lp 8n$um w& have a dlv&rg9 and despreBd base lo our income generalion. and help lo ¢n$ure that we do not b8come over rellant on any on& Indlvldual sourco. Our expendSluro has Increased thls year In Iln? with IncrèasSng our s8rvlc8 d•llvery and wllh our further shops. Thls was predlcted Sn my report last year and I would 8galn gxpg¢t our expendllure lo Increase in 2024125 ag we plan to open al le?sl ona furthèr shop and to again In¢iease staff rosouK8$ for our servlce dellvery. That ftjrther exp8ndllure, however. 1$ planned for wlthln a budget for 2024125 that aggln alms to gchl8v8 anothar surplus. Golng foNard, l am confident that If we conllnue lo dèlSv&r our plons to sustainably exp8nd our shops and malnlain ond grow our other sources of income, whilÈ always conlrollSng our expendllure then our financial Pts8lllon will romaln po$itlv6. I would Ilke lo take this opportunity Its thank all th8 staff and the volunteers Ihal support u8 85 without them wè wouldn't be where we are today and along$ld8 that I would also Ilke to Say thank you lo my f911ow Truslgès who give thèir •xp8rtis8 in helping the D8A to move forward and lost bul not least I would like to thank our CEO. Wilhoul hls commllmgnl and efforis we cerlalnly wouldn't bg in th¢ ¢omparatlvèly strong PDSition we are nc•w. Heldl Rockett Hon Trea3urgr
DORSET BLIND ASSOCIATION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 A¢hiev8mènts and porformanGe Flnanelal revlew The results are sumrn8rised on pag8 13. Total incorne increased liom £949.307 In th¢ prevlous year lo £964,511. Thls Is mainly due to strong legacy r•cèipts, B further increase in Income generated from the charity shops and Increased Income from grants and communlty fundr8lslng. Expenditure has Incre8sed Irom £827.370 in the previous ygar lo £936.108. This is Mainly due lo the openlno ol our new shops at Easlon, Portland and at Brldport and an increa¥e In 8ètvlc8 dolivery. The TrLkslees are awar8 that all èxpandltur& must ba monitored on a regular bas1$ and they have budgeted for11 to Increase in year 202412025 to covar Incr88S8d servioe delivery costs and the polentl81 for opening further shops. In delemiining th8 Assoclallon'g Ra$oFv8 PolScy. th& TruBlee8 hAva taken Inio aGGount Inter alla:. . th8 unprodlclable nature of income from donaUon$ and glfts., thal11 would bg very undèslrable lo have to cul off servicas on whlch thè vlsually or heailng Impalrgd lely. The Tru8leo8 havg agrd tho ABsodatlon'3 Reserve Polloy as:. mlnlmum of SIX months unrestrloled opèrallng exp8ndllur8; commllments su¢h os redund8ncy or rental charge3 whlch would need lo be 11 the Assoc1811on ¢oaged lo exlsl. Th¥ pollcy Is consi518nlly rovlewed 8nd,11 necgssary. revSsed al lèast annually when thè fftnanclal slal8rn8nts ara ¥ppr¢vad. The purpose of the deslgnalion lor deslgnated funds ol th& charlly Is deialled In notè 22. The charSty con8iders Ir8e r8sèN8S can Include deslgnated funds as there Is no obligallon on the charfty to hold these as deslgnaled rf the need aros• to usa these. As al 31 March 2024 thoy wtrre £317,642. This is less than the £400,000 to meet the operating expenditure requlrgd per the pollcy. the Trustees erg comfortabla Ihal with the regular posltlvè cash flow from the charity shops they will generate funds to meet this l¢vèl. The unr&strlcted funds of the charfty are £570.370. The tru31ee8 wll continuè to monltor the level of reserve8. The Iruslees acknowl$dge the role played by inv8Stm&nt Ineome as Bn element tsf the AssociatirJn's ovgrall Income needs. They have appointed a firm of stockbroker5, Charles Slanloy. lo manage a portfolio of Inv&slments on their behalf. Decisions regacdlng tha purchase or sale of any investment a made only after taking into ¢onslderallon professional advice obtalnéd from Ihls firm. Investments held ¢ompris6 a balanced portfolio with 8 low lo madlum lavel of risk. The curienl p¢rttolio1s 60% medium risk and 40¢/• low ri8k. As incorne from invèstmènts is not currently needed lor rneeling running costs the Trustees have inslrueled Chades Stanley to retaln divld&nds and reinvest these. lo help further bottst tha value of ihe investment portrDIIo hèld ovar time.
DORSET BLIND ASSOCIATION TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Risk rnana emenl The Trustees have always reviewed the nature of major rlsks to which the Charity may be 8XPOsed from Ilme lo tlme and as a consequence they have designed and eslablished systems aimed at managing Ih08e risks. Rècognising that th6 situations arising wlth COVID-19 and cost of livlng crlsis. the pol8ntial risks are constantly evolvlng and Changing. rlsk ieview Is now undert8k8n on a mor8 frèquent basis, almost Gontinuously by the Charity Chlef Execullve Officer. wlth further miligaling a¢lion8 tsk8n on an ongoing basis as felt necessary and the CEO reporting on Ihls lo each Trusl¢eg meellng. Plans for the future Thè Trusteès r9cognlsa the n&ed to develop a broad range of sustalnable Income Streams to 8UPPOrt the fLrturg work of the Assod8llon and they ar¢ developing plans lo work towards Ihlg alm. They ara also glvlng thought lo the straleglc dlrecilon which the work C>f the Ch8Aty should take and the potenllal value of partnership8 and olher ro-operallve w¢rklng ar(ang&m&nls with other charities to halp a¢hlev¢ this. The charity has now op8ned 6 chafily shops and Is ¢on$6derSng addlng lurther In th8 futur8 10 try and grow the physlcal pr8s8nce of the charity in Dorsel and pc>lenli8lly provlde further bases to support an Incr883e In the dellvery of commun1ty ¥uppgrt servlces. Stru¢tur• govgrnanca and managemont Thè AssoclatSon 18 a Charltable Company Limited by Guaranleg. Dlro¢lors ara appointed In accordance wllh the Memorandum and Artl¢les ol AssocSallon and Iho8e DiTocloTs are tha Trust8as of the CharS1y. The tru8le88, who aro al$c thè dlrectors for thè purpose of CC*mp8ny law, and who 1Vod durlng th8 y&ar w8re'. Mrs M LGrundmann Mrs H Rockett Mrs P L Jon88 Mr M Dowley Ms T L 8agtard MrJPery Mrs Jessica Web31eT Mrs A Colligan (Reslgned 22 January 20241 (Resigned 17 Oclob¥r 20231 They are recrulled and trained by a variety of mèans. Includlng a handbook supplernènled by in.hou$e training. Managom¢nl of th¢ 8ffairs of iheAssocialion is vesled In the Board of Dlreclors who may appolnl such 8ub- committee and 818ff as m8y sèam flt. Th8 Management Commlllee in conjunction wlth the Chlef Executive Officer have delegaled authority for the day lo day management oflhe Assoclalion and rgP¢rt back to Ihe Board of Dlrectors on a regular ba818. NO ol the trustees has any beneficlal inlgre81 in th8 Company. All of th9 trustees are members of the company and guarantee lo conlribute s¢Jch sum Inol exceeding £10} 8$ may ba d8manded In the event of its being wound up while he18h9 15 a m¢mber, towards tha payment ol the debts and Ilabllltigs of the Gharlty and towards th8 costs, charges and 8xpen8e8 of winding up. Th¢ tru$teas' report was approved by the Board of Twst8as. Mr¥ M L Grundmann Ch8imian Dated.. 10.
DORSET BLIND ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DORSET BLIND ASSOCIATION I report to the IrusleeB on my 8xaminalion of the finan¢ial statements of D¢rsel Blind Asso¢iation Ith¢ ¢harilyl fw Ihe year ended 31 March 2024. R•spon$lbllltl•s and basls of report As the trustees of the charity land also ils directors for the purposes of company lawl you ar¢ rosponslble for the preparation of the financial statements in accordancè wilh the réqulremènts of th6 Compan1¢$ Act 2006 ltha 2006 Act). Havlng sallsftèd myself that th& fln8n¢18181alom8nls of Ihg charfty ar$ not requlred to be audlted under Part 16 of the 2006 Act and are eligible lor independent ex8minolion, I report in rèspèct of my examlnailon of thè charSly's financlal statements carried out under section 145 of the Charitiès Act 2011 (thè 2D11 Acll. In carrying out my examination I have followed all the applicable Directions given by the Charlty Commlsslon under sectlon 14515llbl ol the 2011 Act. Independent examiner's $tattm?nl Sln¢è Ihts chadly's gross Sncome 8xceèdèd £250,000 your 8xamlnar must be a member of a body Ilsled In section 145 01 thè 2011 Act. I confimi Ih8t l am quAlifi@d to undertake the &xaminalion because l am a rnembèr of ICAEW, whl¢h Is one of the Ilsled bodle8. I have completed my examinauon. I confirm that no m3tlgr¥ havg Cornè to my atkntlon In cCn&clIoll wlth tha examination giving me cause to belleve that in any malori81 ffj$pecl-. aecounllng rècords w6r8 not kept In respect of the charlly as roqulred by sectlon 386 of the 2006 Act,. or the fin8ncial statèmènts do not accord wSlh thc*so r8cords,' or the flnanclal statements do not comply wSlh the accounting requlremenls of sèctlon 398 of th8 2006 Act other than any requirement that tho accounts glve a true and falr vlew whlch Is not a mattèr eonsldered as part of an Indap8ndent exarnlnalion., or the financS8l statements have not been prepared In accordanc? wllh the mèthods and principlgs of tho Slatamenl of Recornmended Piaclice foi accounting and reporting by ch8rilie$ appllcable lo charS11oS pr$parlng Ihoir Becounts in 8ccordanc& with lh& Flnancial Repon9 Standard applicablè In the UK and Republie ttf Irèland IFRS 1021. I have no concèms and have come acro88 no other matters In conne¢tlon th Iha examlnatlon lo whlch attenllon should be drawn In this report In order to enable a propor understanding of tho flnanclal slal8ments lo ber ched. Roger Morr Morris Lana SACA 31133 Commercial R¢)ad P¢y)le Dorset BH14 OHU Dated.. 11
DORSET BLIND ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Unro8trl¢ted R8Strlctsd funds funds funds general dgslgnated 2024 2024 Total Total 2024 2024 2023 Nol08 Inco Donations and leg8cl85 Charitable aollvilies Olhèr trading activi118S InveBlments 262.955 20 654,783 6,721 39.870 302.825 20 654,783 6,883 364,054 595 578,598 6,060 111 51 Tolal In¢om• 924,479 111 39,921 964,511 949,307 endlturo 0 Raislng funds 490.021 490.021 411,718 Charitable acllvi11os 400,208 45,B79 448.087 415,652 Tolal resource• oxpend•d 890,229 45,879 936,108 827.370 Nel gainslllossesl on Investsnents 11 4,056 4,056 121.3191 N•t In¢omlnglloutgolng} resour• boforè transfers 38,306 111 15.9581 32,459 100,618 Gr08s transfèrs between funds 124.0001 24,000 mov•m•nt In funds 14,306 24,111 15.9581 32,459 100,618 Fund balances al l Apfil 2023 532,910 84.827 10,284 628.021 527,403 Fund balan¢e$ ot 31 Mar¢h 2024 547.216 108,938 4,326 660.480 628.021 The Statement of financial activities also compllfjs wllh tho requlrements for an incomè and expenditure acctsunl undar the Companies Act 2006. 12-
DORSET BLIND ASSOCIATION STATEMENT OF FINANCIAL POSITION ASAT31 MARCH2024 2024 2023 Noto$ Fixed assets Property, pl8nt and èquipmènl Investments 13 14 336,666 128,184 290,232 119.783 464.850 410,015 Curranl 8ss•ts Inventorles Trade and other receivables Cash al bank in hand 12,062 94.926 115,207 10,117 109.008 126,556 17 222,195 126.585} 245,681 (27,6751 Current Ilabllltlos 18 Nat current ass8ts 195.630 218.006 Total 886•t8 1056 current Ilabllltlgs 660,480 628,021 Incomo fund¥ R$slrl¢l¢d funds 21 4,326 10,284 Designated funds General unreslrt¢ted fund8 22 108,938 547,216 84,827 S32,910 856,154 617,737 860,480 628.021 13-
DORSET BLIND ASSOCIATION STATEMENT OF FINANCIAL POSITION {CONTINUED) ASAT31 MARCH 2024 The company 18 entitled lo th8 exemption Irom the audit requiremgnt ¢ont8inèd in g8etion 477 of th8 Companlès Aet 2006, for the year ended 31 March 2024. The dSr8Ctors acknowledge their responsibilities for ensuring that the charlty keeps accounting records which comply with $6ction 386 of the A¢t and lor preparing financial slalemenls whlch give a true and fair view of the slate of affair5 of the compony a$ al the end of the Inancial year and of Ils incoming resources and application of resources, Induding 515 income and expendiluie. for the financlal year In accordance with the requirernents of Sections 394 and 395 and which otherwi80 comply with the requirèments of thé CompÉnks Act 2006 r8latlng to fSnanclal slatemenls, so far as applicable lo the company. Thè m8mb8rs hBvè not r8quir8d Ihe company lo oblain an audit of its financlal statements for the y&8r in questlon n accord8nc8 wllh secllon 476. Those aGGounls have been prepared In accordance wSth the proviBioll8 appllcable lo ¢ompanl&$ $ubjoct to the sm811 mpanles regSme. Th? fln8n¢l#l $tal•mènls w•r8 8pprov&d by the Twslaes on .. Mr$ M L Grundmann Trust Company R•glstratlc+n No. 07435564 14-
DORSET BLIND ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Not8S Cash flows from op8ratlng actlvltles Cash generated from operations 25 81,398 125.871 Investlng actlvltle¥ Purchasè of proparty. plant and equlpment Purchase of Snveslmenls Proceed5 on dlsposal of Inv88lments Investment in¢om& rgcslvgd 195,2861 145,3641 41.020 6,883 1253,921} 143,450} 138.400 6.060 N•t cash used In Investing activitios 192,747} 1152,9111 Net cash u$•d In flnan¢lng a¢tlvltlo8 Net decrea8• In ca¥h and cash equlvwlents 111,3491 127,0401 Cash Bnd cash equlvalenl8 at beglnnlng of year 128.556 153,596 Cash and cash •qulvalont8 at •nd ol yèar 115,207 126,556 15-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charity informatlon Dorsel Blind Association is a ch8dt8b19 company limited by guarantée Incorporated In England and Walgs. The reglslered office is 17 Bourn8rnOUth Road. Low&r Parkstone, Poole, Dor8el, 8H14 OEF. 1.1 Accountlng eonvèntlon The financlal stslements have been prepared in ac¢ordancè wllh the charity's Memorandum and ArtiGlos of Assoclalion, the Companles Act 2006 and "Aeeounting and Reporting by Charities-. Slalelnent of Recomm$nded Pr8¢tice applieabl8 to charities preparing Iholr accounts in accordance with the Financial Repo.ng Sl8ndard applicablè in th& UK and Republic ol Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. The charSly is a Public Beneflt Entity as defin8d by FRS 102. The flnanc181 $tat$mgnls are prepared In slerting, whl¢h Is tho functlonal eurrency ol the charlty. Monetary amounts In Ihesg financlal statements are rounded Ic) thè nèamsl £. The financlal 8lal?mont8 hÈva ba8n prgparod under the hlsloTlcal 81 convgnlSon, modlfled to include the revaluatlon ol certaln financ581 Inslrum8nl$ at falr valua. Thè pilnclpal a¢¢ountlng pollclas odopted are Bel out below, 1.2 Golng ¢onc8rn Al tho Ilme of approvlng the financlal stolements, the trustees have a rea¥ort8blè axpectauon that the charlty las adequate resources lo conllnue in oporollonal exlslence for the foresèe8bl8 future. Thus the trust5 conllnue to gdopl the golng concern ba818 ol accountlng In proparing the flnanclal siatomenls, 1.3 Charltable funds Unrestricted funds 8rg avallablg for use at th6 d18cr8llon of tho trusteos In furtherance of Ihalr ch8rll8ble oblectlves. Deslgnated lunds comprlse funds whlch have been sèl a8lde al tha dlscmtlon ol tha IruBlees for 8pe¢lflc purposes. Thè purptss88 and us&$ of tha daslgnaled ftjnds are sel in th& not&s to Ihg flnanclal statèments. Rostrfcted funds arè sublecl lo speclflc condlilons by donors as lo how thay may ba us8d. The purposes and US8s of the resirlcted fund8 8r& 8&1 out In the notes lo tho financial slatèmenls. 1.4 Ineomlng r•sourc•s Income18 recognised when the charity Is18gally &ntitled lo il after any performanco ndItIOnS have been met, th¢ amounts can be measured reliably, and11 Is probable that Income will be received. Cash donations arg recognised on rocèipt. Othor donations are recognlsed oncg Ihg Gharity has b&en notified of tho donation. unless perforrnance ¢ondllions requlre deferral ol the amount. Income tax r&covgrabl8 in relation to donations received under GiftAid or deeds of covenant Is re¢ognised al the lime of the donatl)n. Legacie8 arg rgcogni$6d on receipt or otherwise if the charily has bo¢n notified of an impending distribution, th8 arnounl is known. and r8cèipt is expected. If the smounl 18 not known. the legacy is treated a5 contingent asset. Asse15 for distribution are recognls8d only when dlstrtbuled. A558ls given for use by the charity are re¢ognlsed when re1Vable. Sl¢¢ks of undlstributed dgnated good8 are not valued for balance sh88t purpos¥$. Shop incomo and Income derived from events is gnis0d 8$ eamed (that is. as th8 related yood$ ¢r seivices are provided}. 16-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polielDS {Contlnued) Invèstmèrtt incemè is rÈeognisèd on a rècèivablè basls. 1A Re¥ourc¢& 8xpend¢d LiaL>llitles arg re¢ognSsed as soon as there Is a le9al or ¢onslruclive obligation commlrting the charity lo the expenrlilure. All expendllure is accounted foi on an acuua15 b8sls and has been classlfied under heodlngs that aggregate all co31s relale¢J lo the calggory. Costs of g&néraling funds ar8 thè co818 associatèd wh attra¢llng voluntary In¢ome. Charltablo gxpendlturtr comprlses thos¥ costs Incurred by Ihe charlty Sn the dellvery of Its acUvilies end 8ervic85 for its beneflclarles. 11 includos both costs that be attrfbuto(J dlraclly to such activilias 8nd thosè costs of an indiracl nature necessary to support them. Included within 8UPPOrt costs are governanc? co3ts Including the prepar8Uon ol th8 st8tulory 8ccount9. th& C03ts of Iru8tees' meetingB and the co81 of any legal advice on governsnce or conslilulional mallers. Irrecovor8ble VAT18 charged 8galns1 th• ¢alegory of resources &xpen¢Jed for whl¢h11 was InGurr&d. 1.6 Prop•rtys plant and equlpment Property, plant ond equlpmenl are Ini1Salty measured al cosl and subsequently measured al cost, nel of depreclallon and any Impalrmgnl Iossas. DepreclBllon Is recognlsed so as lo wrlle off the cost or valuallon of a35els less thelr wsidual values over thelr useful Ilves on the following bases.. Freehold property Leasehold Improvemanls Fixtures. fitting8 & eqvlpmenl Compulor equlpmont Motor vehlcles 50 y8BfB slralghl Ilne 10 ygar8 straight Ilne 5 years slralghl Ilne 100% 25% redu¢lng balance The galn or loss arising on the dlsposal of an asset is determined as the dlfference between the sale proeeéds and the carrylng valua of the ass8l, and Is r8cognSsed In net Incomellexpendllurel for the year. 1.7 Non<urr•nl Inv•stm•nts Flxed asset Inveslmenis are Included at market value at the balance she81 date. Rèalis8d galns and lossès on Inv8Stm8nts ara calcul8t8d as the diff8r8nce b8een sales proceeds and their market value at thè start ol thè yèar, or thelr subséquent costs. and aro chargad or cradited to the slat8m8nt of financial activities in the period of disposal. UnrealSsed galns and losse$ represent the movement In market values durlng the year and are charged or credited to the slatem&nl of financlal posillon based on the market value al Ihe year end. 1.8 Impairment of non¢urrent assets Al each reporting end dats, the charity reviews the Carrying 8mtxJnts of its tangibl8 assets to d8t8rminè whether there is any indication that those assets have Suffered an impaimènt loss. If any such indication est$. Ihe recoverable amount of the asset is estimated in order to determine the extènt of the impairment loss lif any). 17-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policlgs Icontlnuedl Recoverable amount is the higher of lair value19ss costs 19 sell and value Sn use. In assessing value in use. the estimated future cash flows are discounted to their prgsent vMlu8 using a pre-IBX discount rate that reflects Curront maiket assessments of the tirne value of money artd thè risks spècific to the asset for which th& estlmales ol future cash flows have not been adjusted. the recoverable amount of an assèt Is 8Stimat8d to be less than Ils carrylng amount. Ihg carrylng amount of the asset 1$ reduced to Its recoverable amount. An Impalrment loss Is recognised immedialgly in incomel l@xpenditure for the year, unless the relevant asset Is ¢arrled At B revalued amount. in which case the Impalmenl loss is treated as a revaluatlon decrease. R¢cognlsèd Impalrmènl lossgs aro r8versed If, and only If, the reasons for the Impalment bss have ¢ea$ed to apply. Wh8r8 an ImpAlrm8nt loss subsequentty reverses, the carrylng amount of the asset Is Increased lo the revis8d estimate ol its rècover8ble amount. bul $0 that the increased carryinu amount does not exceed thè carrying amount that would hava been dolermlned had no Impalrrnenl loss been recogni8ed for the asset In prior yèars. A reversal of an Impairment Ioss Is recogn5sed Immedlalely. unless the relevant asset is carried In al a revalugd amount, In whlch c88e Ihg reversal of Ihè Impalrment loss is treated as a revaluation Increa88. 1.9 Inv•ntorl•$ Inventories are stated al the lower of 81 and esllmxt8d sèllSng price less costs lo complete and sèll. Cost comprlses dlracl malerlals and, where appll¢able. dired Sabour costs and those overheads Ihol have been Incurrèd In bringing the Inventorles to their presènt Ioc815on and condllion. Items held fci dlslrSbullon al no or nomlnal ¢onslderaUon are measured the bwer of replacemonl co51 and ¢o$l. 1.10 Cash and cash equlvalgnl$ Cash and cash equlvalents Include cash In hand, d&poslls held 81 ¢911 wllh banks. other short-tgrm Ilquld Inveslmgnis wlth orlginal mglurilles of Ihreo months or less, and bank overdrafts. 88nk ov•rdr8fts aro shown wllhln borrowinys In current liabili11o9. 1.11 Flnanclal Instruments The charlly has elected lo apply the provlgions of SlIn 11 '8aslc Flnanclal Instruments, arKI Section 12 'Olher Financlal Instruments Issues, of FRS 102 lo ?11 ¢f Its flnanclal Instruments. Flnanclal Instruments are rocognSsed in the charltls balance sheet when the ¢hailly be¢omg$ party lo the contractual pTovi¥ion¥ of tho instrumènt. Financial assets and liabilities are tsffsel, wllh the nel amounts presented In the financSal slalements. when th8r8 Ss a legally enforceable rtghl to sèl off the recognised amounts ond there Is an Inlenllon to settle on net b8sSs or to reallse the asset and settle the liabllity simullangou$Iy. Baslc flnanGl41 a¥sel¥ Basic financlal as$els, whleh Include trade and other recelvables and cash and bank balances, are initially measured at transaction price ineludlng Iransactlon Costs and are subsequently carrled al amortised cost using the effective interest method unless the ariangemenl ¢onstitules a financlng Iransaction, where the trans8ctlon Is measured at the present value of the ftjlure reGeipts dis¢oun19d at a markèt ratè of Intarest. Fln8nc181 assets classified as Toceivable within one year are not amortl8ed. 18-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng pollclos IContlnuad} Ba41¢ financlal 118btilitles Basic financial liabilities, including trade and other payabl¢$ and bank loans are Inlllally recognised al transaction price unless the arrangement conslilules 8 financing tr8ns8etlon, wher8 the debt instrument is measured at the present value of Ihe future paymen15 dismunttd al a market rale of inieresl. Financial Ilabilili¢s classlfied 88 payable wllhln one year are not amortised. Debt inslrum8nts are Subsequently carried al 8mordsed cost, u$lng the effectfve Interesl rate method. Trade payables are obligations to pay for goods or ¥eNice$ that hove b9èn Bcqulrod In the ordinary cours9 of operations from suppllers. Amounts payable are classified 85 ¢urrènl liabilitiès If payment is due within one year or less. If not, they are presented as non-currenl liabilitie$. Trade payablos are recognised initially al Ir8n$adori prlcè and subsaquonlly m8asured at amortised c¢sl using the 8ffe¢llve Interest method. D8rncognltlon of flnanclal Ilabllllles Flnanclal liabllllles efe iJgrg¢ogn18èd whan the charlly's contractual obligaUons explrtt or 8re dlscharged or cancelleé. 1.12 Employeg bonettt The co81 of any unusèd holSday ènlll•menl Is r8cognSsed In the perfod In whlch the employee's $grylctr8 are receSved. Termlnatlon benefits are itcognlsed Immedlalely os an gxpensg when the charlly Ss d8mon8trably commltted 19 termlnale th6 employmént of an émployfre or lo provlde t¥milngtlon b8ngfl1s. 1.13 R¢tlrnm8nt b•n8fll8 Payments to deflned conlrlbullon r8liremonl benefll $¢hem$$ are charg8d As an 8xpons8 as they fall due. 1.14 Lea$¢s Lèasès ar8 classlfled as flnance leases whenever th6 terms of the leasg Iransfgr $ubst8nllally all tha Tlsks and rewards ol own&rshlp to the l&$sees. All other lease5 are classified a8 operating leases. Assets he under finance leas98 8re recognls&d as assets Al the lower of the a$$els falr value al the dale ol Inception and the present value ol thè mlnlmum laase payments. The related Ilablllly 15 Includgd In the Statement of financial position as a finance lease obllg8llon. Leasg payments arg treated as conslsllng ol ¢8pital 8nd inlèr8St èléments. Tha interest is charged lo nal Incomellexpanditurel foi thg year so as lo produ¢0 a ¢onstant pèriodic ratè of Interest on the remainlng balance ol the liability. Rentals payable under operatlng leases, including any188se InttÈntSvès recelved, are charg9d a5 an 6xpensfj on a slraighl lin6 b8sls ovèr thè tarrn of th8 rolevanl lease. Donatl¢ns and10ga¢l*$ Unreslrlctad Rostrlctod funds funds ggneral Total 2024 Total 2023 Donations and gift5 Legacies receivable Grants re¢elv8ble 37,782 75,310 149,863 37,782 75.310 189,733 41,269 176,251 146,534 39,870 262,955 39.870 302.825 364,054 For th8 year •nded 31 March 2023 322.404 41,650 364,054 19
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitablo 4¢tivltlo$ 2024 2023 Transcription income 20 595 Other tradlng acllvltles 2024 2023 Fundralslng events Shop In¢ome 47.S55 607.228 37,822 540,77e Olher trading acllvlllès 654,783 578,598 Included In the shop Incom8 are amounts rg18ling to th8 tha sale of new and used equlpm8nl 8p8clfically deslgned to ald bllnd and partlally 8lghled people 88 per thè mlsslon stalemenl of the eharity. Investments Unre$trl¢t•d Unr•81rlcted R•8trl¢ted funds fund3 fund$ general dotylgnated 2024 2024 Total Total 2024 2024 2023 Income frorn listed Invgslmgnts Interest re¢elvable 4.2D3 2,518 4,203 2,680 4,608 1,452 111 51 8.721 51 6.883 6,060 Raising funds 2024 2D23 Fundraisln and ubliclt other fundraising costs Support tsjsts 13,773 1,409 11.901 Fundraislng and publl¢lty 15,182 11,901 Tradln costs Operating charity shops 208.312 179,888 20-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ising funds (Continued) Staff costs Support costs 260,644 4,445 213,066 4.569 Trading $¢3 473,401 397,523 nvèslmanl man8 emènt 1,438 2,294 490.021 411,718 Charitable aclivi1108 2024 2023 Stoff costs Shop and offica costs Staff Iravelllng, expen8e8 and Iralnlng Rtrnt Rates Heal and Ilghl Insurancè Tpl&phono Soclal and eullngs Home vi511ing scheme Dorset Ilnk Bad d8btg writt&n off Slghl equlprnenl vehlcle expenses 246,699 3,587 16.310 22,548 215 5.314 5,392 1.452 10.715 406 2,904 77 8.285 229,655 2.568 15.507 24,485 480 4.741 5,681 1.723 10.S58 804 1,655 282 6,631 323.904 305,070 Share ol 8UPPOrt ¢ts818 (see n¢18 81 sha of govèrnanee easts (seè nole 81 101,73e 20,447 95,514 15,068 448.087 415.652 Analysis by fund Unreslricled fund8- general Restrlcled lunds 400,208 45,879 38Q,Q11 35,641 446,087 415.652 For the year ended 31 March 2023 Unrestricted funds- gener81 Reslricled funds 380,011 35,641 415.6S2 21
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance Costs co8t# 2024 2023 Basss of allocatlon Staff cos18 DepreCiatn Rent Rata$ Heal and light Insurancg Tèlèphonè Offl¢e costs Bank ¢hargoS 32,639 48,851 3,938 71 749 1,798 32,63g 48.851 3.938 71 749 1.798 31,859 Staff itme 39.370 Support 4,61 O Usage 160 Usage e55 Usag0 1,860 Usag8 575 Usag8 11,742 Usage 4,883 V$a98 10,185 4,430 10,185 4,430 L8gal and professlonal Ind•p8ndonl axamlners fgas 21.728 21.728 16,760 Governance Governonc8 3,164 3,164 2,877 103,145 24,892 128.037 115,151 Analysed befv488n Fundralslng TrÈdlng Charflable acllvllles 1,409 1,409 4,445 122,183 4,445 20,447 4,569 110,582 101,736 103,145 24.892 128,037 115,151 Trusteg Non8 ol tha trusl88s lor any parson5 connected with Ihernl rècèived any remunerallon or benefits from the charity during th8 y8ar. -22-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employoos Numbèr of èmployfres The average monthly number of tmployees durlng the year was.. 2024 Number 2023 Numbèr Administration Service dglivery Shop staff 15 10 25 19 Employment costs 2024 2023 Wages and salaries Sodal security ¢ost6 Other penslon costs 497.273 32,668 10.041 436.049 30.079 8,452 539,982 474.580 Pen3ion c031s are allocated to activS1i&s In proportlon to the related stsffing costs incurr&d and 8rg wholly charged to unre8lrlcted funds. The key manogem¢nl personnel of the charlly comprise Ihe tNste9s gnd th8 Chlef Executlve Officer. The lolal employe¢ b¢n¢flts of tha key menagemenl personnel of tho charfty w8r& £54,71812023'. £52,849). There were no employees vJho$? annual rèmunaratlon was £60,000 or more. 11 Net uainsllloss•sl on InvostmontS 2024 2023 Revaluation of inve8lmenl8 4.056 121.319) 12 Taxation The company is a gIstered charfty anil Is, thgrelore, exempl from taxation. -23-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Flxed asset Investments 2024 2023 Llsled Investments 128,184 119,783 2024 2023 Llstad Invèstmants carying amount 128,184 119.783 Flxgd a$$èl Inv¢$tments rèvalued The hi$tori¢al cost of the investments is £123,72212023., £124,709). Movements In nonwcurrent Inve5tmttnt5 ShAfo9 Cost or valuatlon Al 31 March 2024 Addllions Valuatlon chgngg8 DlsposalB 119,783 45,364 4,057 141,0201 At 31 Mor¢h 2024 128,184 Carrylng amount Al 31 March 2024 128,184 At 31 March 2023 119,783 15 Flnartclal Instruments 2024 2023 Carrylng amount of fSnanclal assets Instruments measured al fair value through proflt or loss 12B.184 119,783 16 Inventorlgs 2024 2023 Finished good8 and g¢odg lor rèsale 12.062 10.117 -25.
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Trada and othor r•e•lvables 2024 2023 Amounts falllng du• wlthln on• yoar: Trade receivables Olhar r&c&lvables PrBp8ymènl$ and accrued Incomè 669 53,335 40,922 65 63,788 45,155 94,926 109.008 18 Curr•nt Ilabllltle8 2024 2023 Other laxatlon and 80clal se¢urlly Trade payables Olh&r payable$ Aruel$ and dgferred Incorne 8,392 8,628 3,516 6.029 7.890 6,498 2,502 10,985 26,565 27,675 19 Op¥ratlng lea8• commltment$ Al 31 March 2022 the company annual commitrnenl$ undèr non.c8nc¢llable op8ratlng1oasg8 a$ follows.. 2024 2023 Within one year Between IWQ end fivg yggr8 In ov8r flv8 years 110.450 398,5e5 122,458 101,950 379,702 112,568 631.473 594.220 Tha op8r8tlng laasas represant premlses rent to Ihlrd partle8. 20 Retlrgmenl bgnefit $¢h•m¥s Dèfjned conlrlbullon schemes The charlty operates a defined contribution pension scheme. Th8 89Sgts of thè sch8mè ar8 hold s8parata from those ol the charity in an independently administered fund. The pension cost charge represtrnts contllbutions payable by the charity to Ihe fund and amounted to £10,041 {2023.. £8,452). These are nreslriclgd funds and are analysed und8r charitable activities. -26-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Re¥trlctgd fund¥ The incom8 funds of the charity include restricted funds comprislng the follow¢ng unexpended balances of donations and grants held on trust for specific purposes.. Movamènt In funds Ineoming Rèsoureés Balance at 31 r•source# •xptnd•d March 2024 Balancè at 1 April 2023 Chlldrèns Fund Natlonal Lottery Fund 4,275 6.009 51 39.870 4,328 145.8791 Chlldrens Fund- IhSs lund was Iran$lerr6d lo the charfly on the c108ur8 ol anolh8r chafily and wlll be spènt on actlvlllos, 6qulpmenl and other servlce 8UPPOrt for vl8ually Impalred chlldren. National Lottery Fund Ihl8 fund rgpresents a Reachlng Comrnunllle¥ grant towards the communlly 8UPPOrt 8ervice. 22 D•slgnatsd fvnd$ The Income lunds of th? charlly include Ihg followlng deslgnated fund3 whlch have been Sel 83kle out of unreslrldèd fund8 by the trustee8 for 8pecKSc purpD8e8- VIP Dlary Group Shops Fund 9.827 75.000 111 11.0001 8,93B 100,000 25.000 84,827 111 11,0001 25,000 108,938 VIP Diary Group - this fund represents rnL>ni88 held on behalf of our North Dor8el Club from the Bale of thelr speclBlist diBries for visually impaired poople to be spent as directed by the Club. Shops Fund - thls fund Is to 8nabl8 th8 opénlng and dèvelopmènt ol furthèr shops Sn arè88 of Dorsel consldored lo be stralegically import8nl. These shops will provlde further hubs for Dorsel Blind Association in Ihe community and act as access points to ¢)ur Services, 88 well a8 gènerating further Income lo help fund delivery of those services. 23 An8ly$i$ of n•t a$$ets betw•¥n fund$ Vnrfr$triet•d D&$ignat•d Ro$trietèd funds funds funds 2024 2024 2024 Total Totsl 2024 2023 Fund balances at 31 March 2024 are represented by.. Property. plant and equipment Inveslrnenls Current assetsllliabililie81 336.666 53.184 175.675 336,666 128,184 195.630 290.232 119.183 218,006 75.CKIO 8.936 11.017 565,525 83.938 11,017 660,480 628,021 -27-
DORSET BLIND ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Related party tran5adions Remuneratlon of key managemgnt personnel The remuneration ol key rnanagetnenl p¢r8onnel. Includlng directors, is as follows. 2024 2023 Aggregate compensallon 54,718 52,849 Tran5aclion5 With rèlat•d partl•$ Durlng thè yèar tha charlly th8rs were the followlng Irans8cllons wlth related partles: Durlng thè y8ar a numb8r ol trustees donated goods lor the ch8rlty lo sfjll In Ils charlly shops. 2S Cash g?n?rated from oporatlon$ 2024 2023 Surplu8 for the year 32,459 100.618 Adlu5tments for.. Investment In¢om• reeognisèd In slalement of flnondol aclvlliès Falr value galns and lossas on Investments Depreclatlon and Impalrrnenl of property, planl and equlpm8nl 16,8831 14,0561 48,851 {e.oeoi 21,319 39,370 Movem&nls In workln9 capltal: Ilncr88sel In Inv8ntorloS Decreaselllncreasel In trade and other receivgbl•s IDe¢feasèlllncrease In Irade anil other payab1&5 11,9451 14,082 {1,1101 13.7301 126,8S71 1,211 Cash gengratod from oporatlonl 81,398 125,871 26 Analysis ol ¢hangèÈ in n•t funds At 1 Aprll 2023 Cash flow*At 31 Marth 2024 Cash Bt bank and in hand 126,556 111,3491 115,207 126,556 {11,3491 115.207 The charity had no debt durfng Ihe year. 28-