2022-03-31-accounts

		CONTENTS
Trustees Report			page 4
Main Activities			page 5
Structure, Governance	and	Management	page 5
Financial Review			page 7
Statement ofTrustees'	Responsibilities		page 8
Independent Auditors'	Report to the		page 10
Members ofThe Voluntary		Association
for Surrey Disabled Limited
Balance Sheet			page 16
Statement of Financial	Activities		page 17
Notes to the Financial	Statements		page 18

Risk		How this is being mitigated?
COVID19		The trustees will continue to utilise all available
pandemic and potential for		government support and follow updated guidance. The situation will be regularly reviewed and action
future restrictions		taken to mitigate losses while ensuring safety ofstaff. The equipment hire service has been relocated to the
		EF Mobilit Centre at Carshalton

					2022		2021
			Note		E'
Fixed assets:
Tangible assets							334,907
Investments					5,945		4,281
Totalfixed assets					5,945		339,188
Current assets
Stocks			4			2,431
Debtors			5	928,515		584,611
Cash at bank and in	hand			57 143		32,000
Total current assets				985,658		619,042
Creditors
Amounts falling due within one year				4,216		9,807
Net current assets					981,442		609,235
Amounts falling due		after
more than one year
Multi Employer Pension Scheme Provision			15		(5,717)		(31,032)
Net assets					981670		917391
Accumulated funds
Unrestricted: General					651,670		587,391
Permanent Endowment		Fund			330,000		330,000
Total accumulated	funds				981670		917391

FOR	THE Y	EAR ENDED 31	MARCH 2022
		2022	2022	2022	2021
			Permanent
			Endowment	Total
	Notes	Unrestrictedf	Fundf	Funds f	TotalFunds
INCOME AND ENDOWMENT
Donations and legacies	10	256,877		256,877	5,856
Business Gra nts	10	3,053		3,053	32,084
Charitable activites	10	15,195		15,195	16,714
Investment income	10				631
Total operating income		275,125		275,125	55 285
EXPENDITURE
Charitable activities		236,161		236,161	55,275
Total operating expenditure		236 161		236,161	55,275
Net operating income / (expenditure)		38,964		38,964	10
Net gains/(losses) on
investment assets
Net income / expenditure		38,964		38,964	10
(toss)/gain on multi employer defined benefit pension scheme	15	25,315		25,315	5,737
Net movement in funds		64,279		64,279	5,747
Total funds brought forward		587,391	330,000	917,391	911,644
Total funds carried forward		651,670	330000	981670	917391

TANGIBLE FIXEDASSE	TS
					Freehokl property	Equipment	Total
Cost at 1.4.21					330,000	16,181	346,181
Additions
Disposals Cost at 31.3.22					330000	15059 1 122	345059 1122
Depreciation at 1.4.21						11,274	11,274
Charge for year
Disposals						10152	10152
Depreciation at 31.3.22						1122	1 122
NET BOOK VALUE at31.3.22
NET BOOK VALUE at 1.4.21					330000	4 907	334907
The historical cost ofthe Freehold		property	is 6458,450(2021:6458,450)
FIXEDASSETINVESTMENTS
						2022	2021
						Total	Total
							E
Quoted Investmente
Market value as at 1.4.21						4,281	3,650
Unrealised gain/(loss)						1664	631
Market value as at 31.3.22						5 945	4 282
STOCKS
						2022	2021
						Total	Total
							6
Stock Value							2 431
Stocks comprise items purchased		for resale	and	are stated	at the lower ofcost or	net realisable value,	aRer making
due allowance for obsolete	and slow moving		stock.
DEBTORS
						2022	2021
						Total	Total
						E
Prepayments							981
Amount due from parent organisation						594,312	572,491
Amount due from QEF Trading						1,149	1,149
Amount due from holklay	bookings					1,010	9,346
Assets held for Sale						330,000
Other Debtors						2 044	644
						928 515	584 611

CREDI	TORS st DEFERRED INCOME
		2022	2021
		Total	Total
			6
Accruals		3,149	4,444
Deferred	Income		3,412
Sundry	Creditors	1,067	1,950
VAT
		4 216	9807

STATEMENTOFFUNDS
	Balance at 1 April 2021	Incoming Resources	Outgoing Resources	Balance at31 March 2022
Unrestricted Funds:
General Fund	556,359	300rt40	210,846	645,953
Pensions (See note 15)	31032 587,391	300,440	25 315 236,161	5 717 651,670
Restricted Funds:
Equipment Fund
Endowment Fund:
Elmer Sands property	330000			330000
Total Ag Funds	917391	300440	236 161	981670
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022		Endowment Fund	Unrestriaed GeneralFund	Total2022
			6	6
Tangible fixed assets Investments			5,945	5,945
Current assets		330,000	655,658	985,658
Current liabilities			(4,216)	(4,216)
Pension Deficit			5 717	5 717
		330000	651670	981670
2021		Endowment Fund	Unrestricted General Fund	2021
		6		6
Tangible fixed assets Investments		330,000	4,907 4,281	334,907 4,281
Current assets			619,042	619,042
Current liabilities Pension Deficit			(9,807) 31032	(9,807) 31032
		330000	587391	917391

9	RECONCILIATION	RECONCILIATION	OF MOVEMENT IN FUNDS	OF MOVEMENT IN FUNDS	OF MOVEMENT IN FUNDS	OF MOVEMENT IN FUNDS
										2022	2021
										Total	Total
										6	F.
	Opening funds									917,391	911,644
	Net movements	ofresources		in the		year				64 278	5 747
	Closing funds									981669	917391
10	INCOME AND ENDOWMENT
										2022	2021
										Total	Total
										E	E
	Donations and legacies									256,877	5,856
	Business Grants									3,053	32,084
	Charitable activities									15,195	16,714
	Investment income										631
										275 125	55 285
	All ofthe current	and	comparative			year income was	unrestricted
	Business Grants	in 2022 comprised				income from the	Coronavirus		Job Retention	Scheme of63k. In 2021,
	the Charity received		income of632k ofwhich 613k				related to	the	Coronavirus	Iob Retenaon	Fund and
	519kfrom the Retail,		Hospitality		and Leisure fund.
11	TOTAL RESOURCES EXPENDED
							2022		2022	2022	2022
						Staff Cosbs		Depreciation		Other Costs	Total
							E		6		6
	Provision of holidays									5,742	5,742
	Grant to parent	charity								190,000	190,000
	S up po* costs						23,006			14,942	37,948
	Audit and accountancy									2 471	2 471
							23 006			213 155	236 161

							2021		2021	2021	2021
						Staff	Costs	Depreciation		Other Costs	Total
							E			E	f.
Provision of	holidays									10,999	10,999
Provision of	disability
equipment										290	290
Suppo* costs						24,991			1,724	14,991	41,706
Fundraising	and		publicity
Audit and accountancy										2 280	2 280
						24 991			1724	28 561	55 275
OPERATING		INCOME
										2022	2021
										Total	Total
										E	F.
Surplus/(DeBcit) Assets			before	Auditors	Remuneration	and	Depreciation		of Fixed	66,750	9,751
This is stated		aner charging:
Auditors Renumeration										2,471	2,280
Depreciation		of	Tangible	Fixed Assets							1724
										64,279	5,747

Present value	of provision	of provision
								31March	31March	31March
								2022f	2021 6	2020f
Present value of provision								5 717	31032	36 769
Reconciliation	of opening		and	closing		provisions
									31March	31March
									2022 f.	2021f
Provision at start		of period							31,032	36,769
Unwinding ofthe	discount factor (interest expense)								179	826
Deficit contribution		paid							(7,853)	(7,624)
Remeasurements		—impact ofany changes				in assumptions			(131)	1,061
Remeasurements		- amendments		to the contribution			schedule		17510
Provision at end	of period								5 717	31032
Income and expenditure			impact
									31March	31March
									2022 6	2021f
Interest expense									179	826
Remeasurements		—impact ofany changes				in assumptions			(131)	1,061
Remeasurements		—amendments		to the contribution			schedule		(17,510)
Contributions paid		in respect	offuture service
Costs recognised		in income and expenditure				account
Assumptions
								31March	31March	31March
								2022	2021	2020
								o/o per	/o per	o/o per
								annum	annum	annum
Rate of discount								2.35	0.66	2.53
The discount rates shown above				are	the equivalent		single discount rates which,		when used to discount the
future recovery	plan contributions			due, would give the same				results as using a	full AA corporate	bond yield
curve to discount		the same recovery			plan contributions.

					2022	2021
					E	E
Queen Elizabeth's		Foundation	for Disabled	People	594,312	572,491
QEF Trading	Ltd				I,149	1,149
Medical Engineering		Resource	Unit		1 010
					596471	573639