2021-03-31-accounts - North Wales Society For The Blind

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				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
	Notes	full&is	funds	funds	fundsI
INCOME AND ENDOWMENTS FROM
Donations and legacies	2	114,008	3,924	117,932	70,644
Charitable activities
Audio Service		8,853		8,853	11,163
Bangor Resources Centre		1,949	19,800	21,749	26,027
Rehabilitation Service			11$,593	118,593	118,593
Other trading activities Investment income	3 4	7,966 ~53 452		7,966 53,452	29,254 80,200
Total		186,228	142/16	328,544	335,881
EXPENDITURE ON
Raising funds		9,716		9,716	28,511
Charitable activities
Audio Service		34,891		34,891	43,042
Bangor Resources Centre		220,623	30,$55	251,478	239,965
Rehabilitation Service			124,593	124,593	124,108
Dr Rhydian James Grant Fund					250
Total		265,230	155,448	420,678	435,876
Net gains/(losses) on investments		~443 53		~443 53	1162.2591
NET INCOME/(EXPENDITURE)		364,351	(13&132)	351,219	(262,254)
Transfers between funds	19	~5.645	5,645
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit schemes		137,000		~&37,0001	193,000
Net movement in funds		221,706	(7&487)	214,219	(69,254)
RECONCILIATION OFFUNDS
Total funds brought forward		1,938,444	65,740	2,004,184	2,073,438
TOTAL FUNDS CARRIED FORWARD		2 1611150	50253	2210403	2004184

				31,3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIKEDASSETS
Tangible assets	14	136,048	520	136,568	141,625
Investments	15	2,438,598		2 438 590	2 017439
		2,574,646	520	2,575,166	2,229,064
CURRENT ASSETS
Stocks	16	22,842		22,842	24,222
Debtors	17	11)968		11,968	2,820
Cash at bank		125,298	65,831	191129	151,286
		160,108	65,831	225,939	178,328
CREDITORS
Amounts falling due within one year	18	(11,605)	(8,097)	(19,702)	(7,208)
NET CURRENT ASSETS		148 5113	57,734	~206 37	171 120
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,723,149	58,254	2,781,403	2,400,184
PENSION LIABILITY	20	(563,000)		(563)000)	(396,000)
NET ASSETS		2,160.149	~58 254	2,210,41)3	F 114.184
FUNDS	19
Unrestricted funds				2,160,149	1,938,444
Restricted funds				58&254	65,740
TOTAL FUNDS				2,218,403	2 004184

DONATION	S AND LEGACIES
		31.3.21	31.3.20
Donations		10,407	28,214
Gifi aid		6,580
Legacies		40,537	40,507
Coronavirus	grants	57,639
Other grants		2&769	1,808
Sundry income			115
		117,932	70,644

					31.3.21	31.3.20
	Sales-resources income				5,863	14,039
	Sales-volunteers' shop				2,103	14,315
	Training					900
					7&966	29,254
4.	INVESTMENT INCOME
					31.3.21	31.3.20
	Rents received					835
	Investment income				~53451	79,365
					~53451	80,200
5.	INCOME FROM	CHARITABLE	ACTIVITIES
			Unrestricted	Restricted	313.21	31.3.20
			8
	Audio and Talking	Book Service	$,853		8,$53	11,163
	Cyngor Gwynedd	Council		75,035	75,035	75,035
	Cyngor Sir Ynys Mon			43,558	43,558	43,558
	Wales Council for	the Blind				6,000
	Royal Society for Blind Children			4,800	4,$00	6,789
	Access to Work grant		1,949		1,949	13,238
	Betsi Cadwaladr			15,000	15000
	Total		10,794	138893	149,195	155,783
6.	RAISING FUNDS
	Other trading activities
					31.3.21	31.3.20
	Purchases				8&505	26,807
	Fundraising activities				1,211	1,704
					9,716	28,511

						Grant
						funding of
						activities	Support
				Direct		(see note	costs (see
				Costs		8)	note 9)	Totals
				8
	Audio Service			34,752			139	34,891
	Bangor Resources Centre			216,474		2,$19	32,185	251,478
	Rehabilitation		Service	~124	146		447	124,593
				~375	372	2,819	~32 771	~410962
8.	GRANTS PAYABLE
							31.3.21	31.3.20
	Bangor Resources Centre						2,$19	2,368
	Dr Rhydian	James Grant Fund						250
							~2819	2,61$
9.	SUPPORT	COSTS
							Governance
				Management		Other	costs	Totals
	Audio Service					139		139
	Bangor Resources Centre			23,241		4,744	4,200	32,1$5
	Rehabilitation		Service		274	173		447
				23&515		5,056	4,200	32,771

				31.3.21	31.3.20
Independent	examination ofthe	accounts		4,200	4,200
Depreciation	-owned assets			5,057	5,607
Deficit on disposal offixed assets					381
Independent	examiners' remuneration		for payroll services	1,690	1,541

STAF	FCOSTS
		31.3.21	31.3.20
Wages	and salaries	243,431	230,673
Social	security costs	16,928	17,265
Other	pension costs	47,660	59,011
		~308019	306,949

The average	monthly number ofemployees during the y	ear was as follows:
		31.3.21	31.3.20
Manager		1	I
Direct Charitable		8	8
Administration	snd Support	1	I
Development	Oscar	1	I

			31/03/2021	31/03/2020
Defined	Benefit	Scheme	8	8

COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	70,529	115	70,644
Charitable activities
Audio Service	11,163		11,163
Bangor Resources Centre	13,238	12,789	26,027
Rehabilitation Service		118,593	118,593
Other nading activities	28,354	900	29,254
Investment income	80201		80 201
Total	203,485	132,396	335,881
EXPENDITURE ON
Raising funds	28,511		28,511
Charitable activities
Audio Service	43,042		43,042
Bangor Resources Centre	219,651	20,314	239,965
Rehabilitation Service		124,108	124,108
IJr Rhydian James Grant Fund		250	250
Total	291,204	144,672	435,876
Net gains/(losses) on investments	~162259)		~162 59i
NET INCOME/(EXPENDITURE)	(249,978)	(12,276)	(262,254)
Transfers between funds	~4,828	4 818
Other recognised gains/(losses)
Actuarial gains on defined benefit schemes	193,000		193000
Net movement in funds	(61,796)	(7,458)	(69,254)
RECONCILIATION OF FUNDS
Total funds brought forward	2,000,240	73,198	2,073,438
TOTAL FUNDS CARRIED FORWARD	1,938,444	63,740	2,004,184

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and	Motor
	property 5	fittings	vehicles	Totals I
COST
At l April 2020 and 31March 2021	~170000	91,845	~9924	271,769
DEPRECIATION
At 1 April 2020 Charge for year	35,000 ~3400	86,987 ~1215	8,157 442	130,144 ~5057
At 31March 2021	~38400	~88202	~$599	~135201
NET BOOK VALUE
At 31March 2021	~131600	3,643	~1325	~136568
At 31March 2020	135,000	4,858	1,767	141,625

		2021	2020
Cost		32,043	32,043
Accumulated	Depreciation	(7,238)	(6,598)
Net Book Value		24,805	25,445
FIXEDASSETINVESTMENTS
				Listed
				investments
MARKET VALUE
At 1 April 2020				2,0877439
Additions				420,821
Disposals				(4$7,148)
Revaluations				417486
At 31March	2021			2838,598
NET BOOK	VALUE
At 31 March	2021			~243 8898
At 31March	2020			2,887439

16.	STOCKS
									31.3.21	31.3.20
									5
	Stocks								22,842	24,222
17.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
									31.3.21	31.3.20
									8
	Other debtors								11,968	2,820
18.	CREDITORS: AMOUNTS FALLING DUE WITHIN					ONE	YEAR
									31.3.21	31.3.20
	Social security and other			taxes					10,519
	Accruals and	deferred	income						9,183	7,208
									~19702	7,208
19.	MOVEMENT IN FUNDS
								Net	Transfers
							movement		between	At
					At 1.4.20		in	funds	funds	31.3.21
					f					f
	Unrestricted	funds
	General fund				1,822,816		248,579		(18,041)	2,053354
	Property Revaluation Recording Studio		Reserve		109,554 6,074		(29759) ~18,470)		12396	106,795
					1,938,444		227,350		(5,645)	2,160,149
	Restricted funds
	Rehabilitation	Service				355	(6,000)		5,645
	Community	Engagement		Officer	1,500					1,500
	Dr Rhydian James Grant			Fund	3,258					3,258
	Antioch Club Community Engagement				22@74 38 253		~(7,131			221374 31 122
					55,748		~23 1317		5,645	58,254
	TOTAL FUNDS				2 884	184	214219			2418,403

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted funds
General fund				169,806	(227,580)	306,353	248,579
Property Revaluation	Reserve				(2,759)		(2,759)
Recording Studio				16,422	~34892		~18470
				186,228	(265/31)	306853	227,350
Restricted funds
Rehabilitation Service				118,593	(124,593)		(6,000)
Community Engagement				8,724	(153855)		(7,131)
Mental Health Support				14,999	~14999)
				~142316	~155,447		13131
TOTAL FUNDS				~328 544	~420,678	~306353	214,219
Comparatives for movement			in funds
					Net	Transfers
					movement	between	At
				At 1.4.19	in funds	funds	31.3.20
Unrestricted funds
General fund				1,875,750	(22,340)	(30,594)	1,822,816
Property Revaluation Recording Studio	Reserve			112,313 12,177	(2,759) ~31,879)	25,776	109,554 6,074
Restricted funds				2,000,240	(56,978)	(4,818)	1,938,444
Rehabilitation Service				153	(4,616)	4,818	355
Social Centres				67,961		(67,961)
Community Engagement Dr Rhydian James Grant		OAicer Fund		1,500 3,584	(326)		1,500 3,258
Antioch Club					(1,126)	23,500	22,374
Community Engagement					16208)	44,461	38,253
				73,198	~)2.276	4,818	63 740
TOTAL FUNDS				2,073.438	~69 34)		2 004,184

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		192,322	(245,403)	30,741	(22,340)
Property Revaluation	Reserve		(2,759)		(2,759)
Recording Studio		11,163	~43,042		~31,879
		203,485	(291,204)	30,741	(56,978)
Restricted funds
Rehabilitation Service		119,492	(124,108)		(4,616)
Dr Rhydian James Grant Fund			(326)		(326)
Antioch Club Community Engagement		115 12,789	(1,241) ~18,997)		(1,126) ~6,208
		~132396	(~144,672		12,276
TOTAL FUNDS		335,881	~435 876	30,741	~69,254)
Pur ose ofrestricted	funds

		Defined	benefit
		pension	plans
		31.3.21	31.3.20
Present value offunded obligations Fair value ofplan assets		(3,392,000) 2,$29,000	(2,399,000) 2,203,000
Present value ofunfunded	obligations	(563,000)	(396,000)
Deficit		~563 ODO)	~396,000
Net liability		~563,000	~396,000

	Defined	benefit
	pension	plans
	31.3.21	31.3.20
Current service cost Net interest from net defined benefit	6$,000	49,000
asset/liability	60,000	72,000
Past service cost		4,000
	~128000	125,000
Actual return on plan assets

Changes in the present v	alue ofthe defined benefit obligation	are as follows:
		Defined	benefit
		pension	plans
		31.3.21	31.3.20
Opening defined benefit	obligation	2,599,000	3,015,000
Current service cost		68,000	49,000
Past service cost			4,000
Contributions by scheme	participants	13,000	12,000
Interest cost		60,000	72,000
Benefits paid		(76,000)	(64,000)
Remeasurements:
Actuarial (gains)/losses	from changes in
demographic assumptions		44,000	(101,000)
Actuarial (gains)/losses	&om changes in
financial assumptions Oblig other remeasurement		716,000 ~32.0IID	(251,000) (137,000)
		3392000	2599,0IDI

Changes in th	e fair value ofsche	me assets are as follows:
			Defined	benefit
			pension	plans
			31.3.21	31.3.20
			f	f
Opening fair value ofscheme assets			2,203,000	2,427,000
Contributions	by employer		48,000	65,000
Contributions	by scheme participants		13,000	12,000
Assets interest income			50,000	59,000
Benefits paid			(76,000)	(64,000)
Return on plan assets (excluding income)		interest	593 IIDD	~296 DDD3
			2029000	2,203,000

				Defined	benefit
				pension	plans
				31.3.21	31.3.20
					6
Actuarial	(gains)/losses		from changes in
demographic		assumptions		(44,000)	101,000
Actuarial	(gains)/losses		I'rom changes in
financial	assumptions			(716,000)	251,000
Oblig other		remeasurement		32,000	137,000
Return on plan assets			(excluding interest
income)				591,000	~296000)
				137,000	193,000

		Defined	benefit
		pension	plans
		31.3.21	31.3.20
Equities		73%	74%
Property		8%	10%
Cash		19%	16%
		100%	100%
Principal actuarial assumptions	at the Balance Sheet date (expressed as weighted	averages):
		31.3.21	31.3.20
Discount rate		2.00%	2.30%
Future salary increases		3.15%	2.20%
Future pension increases		2.85%	1.90%