REGISTERED COMPANY NUMBER: 07575651 (England and Wales) REGISTERED CHARITY NUMBER: 1142574
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Portsmouth Association For The Blind
Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA
Portsmouth Association For The Blind
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Portsmouth Association For The Blind
Report of the Trustees for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07575651 (England and Wales)
Registered Charity number
1142574
Registered office 283 St Saviours Church "The Hayes Centre", Twyford Avenue Stamshaw Portsmouth Hampshire PO2 8PD Trustees P E Dolley None B C Pike None Mrs I Smith None Mrs J Walkley Retired (resigned 15.9.21) P Wanley Retired Company Secretary Miss C M Bill Independent Examiner Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
Page 1
Independent Examiner's Report to the Trustees of Portsmouth Association For The Blind
Independent examiner's report to the trustees of Portsmouth Association For The Blind ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Barter Durgan FCA Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA
Date: .............................................
Page 2
Portsmouth Association For The Blind
Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 43,171 Investment income 2 3,515 Other income 48,270 Total 94,956 EXPENDITURE ON Raising funds 3 50,646 NET INCOME 44,310 RECONCILIATION OF FUNDS Total funds brought forward 350,500 TOTAL FUNDS CARRIED FORWARD 394,810 |
2021 Total funds £ 33,351 - 65,016 |
|---|---|
| 98,367 | |
| 66,186 32,181 318,319 |
|
| 350,500 |
The notes form part of these financial statements
Page 3
Portsmouth Association For The Blind
Balance Sheet 31 March 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 1,751 Investments 8 353,874 355,625 CURRENT ASSETS Debtors 9 402 Cash at bank and in hand 40,073 40,475 CREDITORS Amounts falling due within one year 10 (1,290) NET CURRENT ASSETS 39,185 TOTAL ASSETS LESS CURRENT LIABILITIES 394,810 NET ASSETS 394,810 FUNDS 11 Unrestricted funds 394,810 TOTAL FUNDS 394,810 |
2021 Total funds £ 2,091 332,421 334,512 - 18,678 18,678 (2,690) 15,988 350,500 350,500 350,500 350,500 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Portsmouth Association For The Blind
Balance Sheet - continued 31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
Portsmouth Association For The Blind
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation 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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. INVESTMENT INCOME
| Other fixed asset invest - FII 3. RAISING FUNDS Raising donations and legacies Depreciation Support costs 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
2022 £ 3,515 2022 £ 330 50,316 50,646 2022 £ 340 (48,270) |
2021 £ - 2021 £ 414 65,772 66,186 2021 £ 357 (65,016) |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 33,351 |
| Other income | 65,016 |
| Total | 98,367 |
| EXPENDITURE ON | |
| Raising funds | 66,186 |
| NET INCOME | 32,181 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 318,319 |
continued...
Page 7
Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 8. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2021 Disposals Revaluations At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 There were no investment assets outside the UK. Cost or valuation at 31 March 2022 is represented by: Valuation in 2022 Valuation in 2022 Cost |
Fixtures and fittings £ 2,183 993 119 1,112 1,071 1,190 |
Unrestricted fund £ 350,500 Motor vehicles Totals £ £ 13,308 15,491 12,407 13,400 221 340 12,628 13,740 680 1,751 901 2,091 Listed investments £ 332,421 (26,484) 47,937 353,874 353,874 332,421 Listed investments £ (26,484) 47,937 332,421 353,874 |
|---|---|---|
continued...
Page 8
Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 350,500 TOTAL FUNDS 350,500 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 94,956 TOTAL FUNDS 94,956 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 318,319 TOTAL FUNDS 318,319 |
2022 2021 £ £ 402 - 2022 2021 £ £ (1) (1) 1,165 1,661 126 250 - 780 1,290 2,690 Net movement At in funds 31.3.22 £ £ 44,310 394,810 44,310 394,810 Resources Movement expended in funds £ £ (50,646) 44,310 (50,646) 44,310 Net movement At in funds 31.3.21 £ £ 32,181 350,500 32,181 350,500 |
|---|---|
continued...
Page 9
Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 98,367 | (66,186) | 32,181 |
| TOTAL FUNDS | 98,367 | (66,186) | 32,181 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 318,319 318,319 |
Net movement in funds £ 76,491 76,491 |
At 31.3.22 £ 394,810 |
|---|---|---|---|
| 394,810 |
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 | 193,323 | (116,832) | 76,491 |
| TOTAL FUNDS | 193,323 | (116,832) | 76,491 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
Portsmouth Association For The Blind
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 8,827 | 2,606 |
| Donations | - | 30,745 |
| Legacies | 25,000 | - |
| Grants | 9,344 | - |
| 43,171 | 33,351 | |
| Investment income | ||
| Other fixed asset invest - FII | 3,515 | - |
| Other income | ||
| Gain on sale of intangible fixed assets | 48,270 | 65,016 |
| Total incoming resources | 94,956 | 98,367 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Depreciation of tangible fixed assets | 330 | 414 |
| Support costs | ||
| Management | ||
| Wages | 28,613 | 49,349 |
| Social security | - | 1,274 |
| Pensions | - | 484 |
| Insurance | 2,517 | 2,609 |
| Light and heat | 239 | 149 |
| Telephone | 983 | 1,030 |
| Postage and stationery | 19 | - |
| Sundries | 4,790 | 434 |
| Rent | 7,800 | 7,800 |
| 44,961 | 63,129 | |
| Governance costs | ||
| Accountancy and legal fees | 5,355 | 2,643 |
| Total resources expended | 50,646 | 66,186 |
| Net income | 44,310 | 32,181 |
This page does not form part of the statutory financial statements
Page 11