2023-03-31-accounts - North Wales Society For The Blind

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				2023	2022
		Unrestricted	Restricted	Total	Total
	Notes	funds	fundsI	funds 8	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		130,146		130,146	19,568
Charitable activities
Grants and Contracts		2,517		2,517
Audio Service		20,023		20,023	11,800
Bangor Resources Centre		151178		15,178	7,204
Rehabilitation Service			120328	120428	118,593
Other trading activities		17,934		17,934	22,627
Investment income		81466		81,266	55,358
Other income					3,831
Tetal		267,064	120328	387492	238,981
EXPENDITURE ON
Raising funds	6	9,767		9dt67	19,213
Charitable activities	7
Audio Service		60,953		60,953	35,913
Bangor Resources Centre		308,739	15/31	323,970	303,920
RehabiTitation Service Counselling			1573139 22lgg	157,839 ~888	165,446 ~5329
Total		~379459	~176058	555i51'/	~529 821
Net gains/(losses) on investments		138,422		~238 22	~95989
NET INCOME/(EXPENDITURE)		(250+17)	(55,730)	(306,547)	(194,851)
Transfers between funds	19	(40,200)	40400
Other recognised gains/gasses) Actuarial gains on defined benefit schemes		~822 000		~822 000	448,000
Net movement in funds		530„rt83	(15430)	515,453	253,149
RECONCILIATION OF FUNDS
Total funds brought forward		2,4312193	39,659	2,471,552	2,2)8,403
TOTAL FUNDS CARRIED FORWARD		~296 876	~24 129	~987005	~2471 552

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f	8	f
FIXEDASSETS
Tangible assets	14	127,068		127,068	131,927
Investments	15	2,147,274		2,147,274	~2429 398
		2/74/42		2,274342	2,561,325
CURRENT ASSETS
Stocks	16	33,441		33,441	25,08i
Debtors	17	2,976	1,692	44168	4,400
Cash at bank and in hand		89,437	272)59	117,296	88,462
		125,854	29451	155,405	117,943
CREDITORS
Amounts falling due within one year	18	(15,320)	(5,422)	(20,742)	(25,716)
NET CURRENT ASSETS		~110 34	~24 129	~134663	~92227
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,384,876	Z4,129	Z,409,005	2,653,552
PENSION ASSET/(LIABILITY)	20	578,000		578,000	(182,000)
NET ASSETS		~262 876	~24 129	~287 005	2,471,552
FUNDS	19
Unrestricted funds Restricted funds				2&962d)76 ~24 129	2,431,893 ~39659
TOTAL FUNDS				~2987005	2,471,552

3.	OTHER TRADINC ACTIVITIES
				2023f	2022f
	Sales-resources income			13,895	6,953
	Sales-volunteers' shop			4,039	15,674
				~17 934	~22 627
4.	INVESTMENT INCOME
				2023f	2022f
	Investment income			~81266	~55 358
	INCOME FROM CHARITABLE	ACTIVITIES
		Unrestricted	Restricted	313.23	31.322
		f	f
	Audio and Talking BookService	20,023		20,023	9,832
	Cyngor Gwynedd Council		76,770	76,770	75„035
	Cyngor SirYnys Mon		43,558	43,558	43,558
	Royal Society for Blind Children		2,517	2,517
	Access toWork			6 68	9,172
	Total				137,597
6.	RAISING FUNDS
	Other trading acfivities
				2023f	2022
	Purchases Fundraising activities			M92 ~475	13,428 5,785
				9dt67	~19213

7.	CHARITABLE AC11	VITIESC	OS	TS
					Grant
					funding of
					activities	Support
				Direct	(seenote	costs (see
				Costs f	8)	note 9) f	Totals f
	Audio Service			28,623		32430	60 &t53
	Bangor Resources Centre			284dt17	200	38,953	323+70
	Rehabilitation Service Counselling			157,449 ~288		390	157,839 ~288
				~473777		~71673	~545650
8.	GRANTS PAYABLE
						2023 5	2022f
	Bangor Resources Centre					200	1,260
9.	SUPPORT COSTS
						Governance
				Management f	Other f.	costs	Totals f,
	Audio Setvice			32,016	314		32,330
	Bangor Resources Centre			29&998	4,155	4,800	38,953
	Rehabilitation Sen&ice				390		390
				~62 014	~4859	43)00	~71 673
10.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated	afler cbarging/(crediting):
						2023f	2022 f.
	Indepeodent examination	oftbe	accounts			4&$00	4,440
	Depreciation - owned assets					4dt59	4,641
	Independent examiners'	remuneratioa		for other services		1,$85	1,668

		2023	2022
		8
Wages	and salaries	266~0	274,561
Social	security costs	Ig„rtgg	20,648
Other	pensioa costs	54,858	54,650
		340,098	349,859

The average monthly	The average monthly
		2023	2022
Manager		1	1
Direct Charitable		8	9
Administration	and Suppon	I	1
Development	Officer	1	1
			12

COMPARATIVES li'OR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES li'OR THE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds	Snds	funds
	I		6
INCOME AND ENDOWMENTS FROM
Donagons and legacies	19,568		19,568
Charitable activities
Audio Service	11,800		11,800
Bangor Resources Centre	7,204		7,204
Rehabilitation Service		118,593	118,593
Other trading activities	22,627		22,627
Investment income	55,358		55,358
Other income	3,831		3,831
Total	~120388	~118593	~238 981
EXPENDITURE ON
Raising funds	19313		19,213
Charitable activities
Audio Service	35,913		35,913
Bangor Resources Centre	303,920		303,920
Rehabilitation Service Counselling		165,446 ~5329	165,446 ~5329
Total	359,046	~170775	~529 821
Net gains on investments	~95989		95,989
NET INCOME/(EXPENDITURE)	(142,669)	(52,182)	(194,851)
Transfers between funds	(33,587)	33,587
Other recognised gains/(losses)
Actuarial gains on defined benefit schemes	448„000		448.000
Net movement in funds	271,744	(18,595)	253,149
RECONCILIATION OFFUNDS
Total funds bmught forward	2,160,149	58,254	2,218,403
TOTAL FUNDS CARRIED FORWARD	~2431 893	~39659	~247L552

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and	Motor
	pmperty f	fittings 6	vehicles	Totals
COST
At 1 April 2022 and 31 March 2023	170,0(I0	~91 5	~9924	~271769
DEPRECIATION
At 1April 2022	41,800	89,112	$,930	139,842
Charge for year	3,400	1,211	248	4,859
At 31March 2023	~45200	~90323	~9178	144,701
NET BOOKVALUE
At31March 2023	124400	1422	746	127,068
At 31March 2022	128,200	2,733	994	~131927

	lfthe freehold property had not been included at convention as fogows:	valuation it would have	been includ
		2023	2022
	Cost	32,043	32,043
	Accumulated Depreciation	(8,520)	(7,879)
	Net BookValue	23,523	24,164
15.	FIXEDASSETINVESTMENTS

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At 1 April 2022	2,429,398
Additions	373,17$
Disposals	(612,668)
Revaluations	(42,634)
At31March 2023	2,147,274
NET BOOKVALUE
At 31March 2023	2,147;274
At 31March 2022	2,429,398

16.	STOCKS
		2023	2022I
		~33441	~25 081
17,	DEBTORS; AMOUNTS FALLING DUK WITHIN ONE YEAR
		2023	2022
	Other debtors	2rt76	4,400
	Prep aymeuts	1,692
		4,668
DL	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
		2023	2022
			6
	Social security and other taxes	5,751	9,491
	Accruals and deferred income	~14991	~16225
		~20 742	~25 716
19.	MOVEMKNT IN FUNDS

MOVEMKNT IN FU	NDS
			Net	Transfers
			nloveulcllt	between	At
		At 1.4.22	in funds	funds	31.3.23
		I	I	5	5
Unrestricted funds
General fund		2,212,630	614,971	(40,618)	2,786,983
Properly Revaluation	Reserve	104,036	(2,759)		101477
Recording Studio Rehab Training Fund		314 ~114 13	(41,029)	40,715 ~40297)	~74616
		2,431,893	571,183	(40400)	2rr623)76
Restricted funds
Rehabilitation Service		390	(40,590)	40,200
Dr Rhydian James Grant Fund		3458			3,258
Antioch Club Community Engagement		22474 ~13637	(1403) ~13.637)		20,871
		39,659	~55730	40400	2 129
TOTAL FUNDS		~471 52	515,453		2 87005

				Incoming	Resources	Gains and	Movement
				Iesollrces f	expended f	losses f	in funds f
Unrestricted funds
General fund				247,041	(315,648)	683,578	614,971
Properly Revaluation	Reserve				(2,759)		(2,759)
Recording Studio				20,023	~61,052		~41029)
				267,064	(379,459)	683878	571,183
Restricted funds
Rehabilitation Service				120328	(160,918)		(40,590)
Antioch Club					(1,503)		(1,503)
Community Engagement					~1363		~13,637)
				120828	176,058		~55,730
TOTALFUNDS				387392	555 1	~683578	~515453
Comparatives for movtnnent			in funds
					Net	Transfers
					movemeut	between	At
				At 1.4.21	in funds	funds	31.3.22
				f		f
Unrestricted feuds
General fund				2,053354	334,171	(174,895)	2212,630
Property Revaluation	Reserve			106,795	(2,759)		104,036
Recording Studio					(26,081)	26,395	314
Rebab Training Fund						114,913	114,913
				2,160,149	305,331	(33,587)	2,431,893
Restricted funds
RehabiTitation Service					(34,697)	35,087	390
Community Engagement		Officer		1,500		(1,500)
Dr Rhydiau James Grant		Fund		3,258			3,258
Antioch Club				22,374			22,374
Community Engagement				31,122	&17.485		13,637
				58,254	52 182	33,587	39,659
TOTAL FUNDS				~2218403	~253 149		~2,471552

		incoming	Resources	Gains and	Movement
		tcsottrccs	expcndcd	losses I	in funds
Unrestritned funds
General fund		110,556	(320474)	543,989	334&171
Pmperty Revaluation	Reserve		(2,759)		(2,759)
Recording Studio		9,832	~35913)		~26081
		120,388	(359,046)	543,989	305,331
Restricted funds
Rehabilitation Service		118,593	(153,290)		(34,697)
Community Engagement			~17,485		~17485
		~118593	~170775)		52 182
TOTAL FUNDS		238,981	(529,821)	543,989	253,149
Pu seofrestricted	funds

		Defined	beaefit
		pension	plans
		2023	2022
Present value offunded obligations		(2,427,000)	(3,2h65,000)
Fair value ofplan assets		~3005 00	~3083.000
		578,000	(182,000)
Present value ofunfunded	obligations
Surplus/(Deficit)		~578000	~182,000)
Net asset/(liability)		~578000	~182000)

The amounts recognised in the Statem	ent ofFinaacial Activiti	es are as follows;
			Defined	benefit
			petmion	plans
			2023	2022
			8	I
Current service cost			108,000	ll0,000
Net interest from oet defined benefit
asset/liability			89,000	68,000
Past service cost
			~197000	178,000
Actual return on plan assets
Changes iu the present value ofthe defined benefit obligation		are as follows:
			Defined	benefit
			penBon	plans
			2023	2022
Opening defined benefit obligation			3,265,000	3,392,000
Current service cost			108,000	110,000
Contributions by scheme participants			15,000	15,000
Interest cast			89,000	68,000
Benefits paid			(79,000)	(72,000)
Remessurementu
Actuarial (gains)/losses from changes	in
demographic assmnptions			(22,000)	(17,000)
Actuarial (gains)/losses &am changes	in
financial assumptions Oblig other remeasurement			(1,271,000) ~322000	(238,000) ~7000
			~2427 000	~3265 000

Changes in th	e fair value ofscheme assets are as follows:
		Degned	beaeBt
		pension	plans
		2023	2022
		f	f.
Opening fair value ofscheme assets		3,083,000	2,829,000
Contributions	by employer	52,000	54,000
Contributions	by scheme participants	15,000	15,000
Assets interest	income	83,000	57,000
Benefits paid		(79,000)	(72,000)
Remeasurements:
Return on plan assets (excluding interest
income)		(111,000)	200,000
Assets other remeasurement		(38,000)
		3,005,000	3,083,000

					Degned	benefit
					pension	plans
					2023	2022
						6
Actuarial	(gains)/losses		tram changes	in
demographic		assumptions			22,000	17,000
Actuarial	(gains)/losses		Rom changes	in
financial	assumptions				1+71,000	238,000
Oblig other		remeasurement			(322,000)	(7,000)
Return on plan assets (exctuding interest
income) Assets other		remeasurement			(111,000) ~3$,000	200,000
					822,000	448,000

The major categories ofscheme assets as aperc	entage oftotal scheme assets are as follows:
	Degned	benefit
	pension	plans
	2023	2022
Equities	67o/	70%
Property	1$'/o	9o/o
Cash	15o/	2 to/o
	100o/o	100'Yo

EMPLOYEE BENEFITOB	LIGATIONS - continued
Principal actuarial assumptions	at the Balance Sheet date (expressed as vreighted	averages):
		2023	2022
Discount rate		4.75%	2.71P/s
Future salary increases		3A5%	3.5(P/o
Future pension increases		2.95%	3.20%