## **The East Cheshire Eye Society**
**Charity No. 1174656**
**Trustee's Report and Unaudited Accounts**
**31 March 2021**
**The East Cheshire Eye Society Contents**
||Pages||
|---|---|---|
|Trustee's Annual Report|1 to 7||
|Independent Examiner's Report||8|
|Statement of Financial Activities||9|
|Summary Income and Expenditure Account||10|
|Balance Sheet||11|
|Statement of Cash flows||12|
|Notes to the Accounts|13 to|21|
|Detailed Statement of Financial Activities|22 to|24|
Page 1
Trustee's Annual Report
## **INTRODUCTION**
The trustees of the Macclesfield Society for the Blind Charity present the Annual Report and Accounts for the financial year of 2020 - 2021.
The Society was founded in 1875. The present Society premises were purchased by the Society in 1924. In 2003, the Society became a Company limited by guarantee. All property, business and assets were fully transferred to the new Company, and the Charity Commission gave the Society a new Registration number, 1174656, but did not cancel the old number, 226347.
At the beginning of this financial year (2019-2020), the trustees, with the assistance of the Charity Commission, arranged for the Society to become a Charity Incorporated Organisation (CIO), and thus to give up company status. This followed a recent amendment to the Charities Act of 2003. The Society registration number of 1174656 was not altered under this procedure.
The Charity Commission has advised the Society, that both charity numbers are still valid, and that a transfer procedure has to be undertaken to extinguish the number 226347 reference. The Society is processing this procedure in order to end confusion. Meantime the trustees confirm this report and accounts represents the full and only state of the Society.
The Society uses the title of "East Cheshire Eye Society" for trade purposes and to indicate the area it operates within, and also to make the Societies potential clients aware that it caters for people affected by sight loss as well as their family and friends.
Page 2
Trustee's Annual Report
## **ACHIEVEMENTS AND PERFORMANCE 2020-2021**
The year 2020-21 proved to be a very challenging one for the Society, as for all, due to the Covid pandemic curtailing many of our normal activities and operations, and requiring us to quickly adapt to ensure we maintained support to our service users. The Government had ordered a national lockdown on 23rd March 2020. All but essential face to face activities had to cease. Some relaxation to this was authorised on 23rd June 2020, but further mutations of the disease emerged so that new lock-downs were necessary from 5th November 2020 to 2nd December 2020, and from 6th January 2021 to the end of the financial year, and beyond to 19th July 2021.
The Society was obliged to stop all social and other meetings, and to close the Resource Centre to our visitors. The decision was taken to provide support to members by regular phone calls, which the staff have performed throughout the year. Two staff members were able to continue working from home while the other member worked from the office in isolation. Trustee meetings were conducted on line. The Resource Centre and office were eventually made safe to receive members singularly by prior appointment, subject to appropriate precautions, and we were able to provide home technology support (albeit from outside the home) and socially distanced outdoor one to one basis. Fund raising events were limited, but 3 raffles were made possible. The 140 club was re - launched as the East Cheshire Eye Society lottery. A "Blindfold Challenge" was successful in attracting funds. Through the Bablglobal system the social groups of Macclesfield, Congleton, Poynton and Wilmslow were able to partake in communal telephone call meetings and talks. A Christmas carol sing-a- long was arranged for members to tune in to.
Our assistive digital training continued throughout, although we had to adjust this to bring support by telephone only. A volunteer counsellor was appointed to be in contact with Society members. Two separate Zoom sessions with equipment suppliers, Dolphin and Synapptic, were arranged successfully. The Society had been trying to arrange outdoor bowls and walking group sessions, but it had to be scheduled for the Spring after Easter 2021 beyond the year 2020-21 end.
The Society continued to work with the firm, Embrace, to assist with awareness, marketing and fund raising initiatives. This company helped to improve and re-launch the Society web site. Our trustee, Mark Tilsley, had set up Facebook and Twitter accounts, which Embrace assisted in improving, whilst also helping Mark and the Society to set up Instagram and Linkedin accounts to allow access to wider public attention. Integral groups, namely "Services and Activities", "Fund Raising", "Premises" and "Marketing", were set up and met regularly on line to help steer the Society through the challenges of lockdown, and to plan and prepare for opening up again. The Society also supports the Visual Impairment Forum to discuss and advise organisations of difficulties that visually impaired persons might experience, such as being unable to observe social distancing in public places. This group has continued to meet throughout the year. The Society has taken out a short contract with a free will firm called "Farewill" to provide a will writing service for the Society to make available to benefactors.
The Society had been searching for some time for a more suitable and accessible premises for its operations. The existing property at 15, Queen Victoria Street, Macclesfield presented particular access problems for its users, many of whom are elderly. During the year the trustees were made aware of the building being seriously substandard with regard to fire safety, and a big expense was identified as needed to carry the necessary improvements. A decision was taken to sell the premises and move into rented modern accommodation at 11, Market Place, in the centre of Macclesfield.
Page 3
This move took place at the end of March 2021, coinciding with the financial year end. Our allied charity, the Macclesfield Talking Newspaper, has also moved to this new premises to continue to operate with the Society under the same roof.
Throughout the year staff and trustees were able to access training through on line sessions, and in the same way, many external meetings were arranged allowing work to continue as near normal as possible under the circumstances. The partnership work with IRIS Vision and Vision Support under the banner of the Cheshire Visually Impaired Forum (CVIC) has continued through the year, and the Society has engaged in consultation work with Cheshire East Local Authority, Macclesfield Town Council and Knutsford Town Council.
The Society thanks its trustees and volunteers for their continued support over this challenging year. The Society is indebted to trustee, Pam Hodgkiss, for chairing the trustee monthly meetings and for producing the minutes also. Thanks are due to her husband, David, for much valued help on the accountancy side. The Society particularly thanks its staff members, Alan Chappell, Helen van der Veken. and Gail Bemrose for their valued contribution and support to the Society and members through what has been a very testing year.
## THE TRUSTEES.
Page 4
Trustee's Annual Report
FINANCIAL REVIEW FOR YEAR 2020-2021.
A potentially difficult year could have resulted in a serious deficit being recorded. However the Society was able to obtain a number of supportive grants from the National Lottery Community Fund and the Charities Aid Foundation. The Society also received a Cheshire Community grant and a Council Small Business Support grant. With this financial assistance the resulting deficit for the year was limited to £3,151.
The Society had invested over the year in the services of consultants on the provision of assistance with fund raising and improvements to the Society's on line services. Discounting this investment, the Society would have recorded a surplus of over £9,000. The Society total funds at the year were recorded as £402,800. Investments increased in value over the year by £3,883.
The Society placed one member of staff on furlough for much of the year under the Government Covid emergency scheme. A cost of living increase was awarded to staff salaries in August 2020.
The telephone and on line access arrangements were renewed to a more efficient and economical system at the start of the year. This brought a considerable saving to the year's cost at £711 as compared with the previous year's figure of £3,468.
The Society confirms that it did not carry out any work for an outside party during the year.
Martin Welch
Honorary Treasurer and Trustee.
Page 5
Trustee's Annual Report
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1174656**
## **Principle Office**
15 Queen Victoria Street Macclesfield Cheshire SK11 6PL
## **Registered Office**
15 Queen Victoria Street Macclesfield Cheshire SK11 6PL
## **Director and Trustee**
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during this year.
Elizabeth Durham Appointed on 19 September 2019 Janet Flynn Appointed on 18 January 2021 Pamela Hodgkiss Appointed on 15 September 2016 Marilyn Brenda Holland Appointed on 24 March 2004 Resigned on 15 March 2021 Raymond Kramer Appointed on 16 April 2013 David Scott Appointed on 17 August 2020 Resigned on 15 March 2021 Bridget Self Appointed on 24 March 2003 Philip Patrick Spring Appointed on 15 September 2016 Resigned on 5 November 2020 Mark Tilsley Appointed on 20 September 2018 Robin Thomason Appointed on 17 August 2020 Resigned on 15 March 2021 Colin Turner Appointed on 17 September 2016 Martin Stuart Welch (Hon Treasurer) Appointed on 24 March 2003
## **Bankers**
Lloyds Bank Macclesfield
Accountants Shires Accountants Limited Checkley Grange Checkley Lane Wrinehill CW3 9DA
Appointed on 19 September 2019
Page 6
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006.
The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to small companies’ regime as set out in part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS102) Signed on the behalf of the board
M Welch 31 March 2021
Page 7
**The East Cheshire Eye Society Independent Examiners Report**
## **Independent Examiner's Report to the trustee of The East Cheshire Eye Society**
I report to the charity trustee on my examination of the accounts of The East Cheshire Eye Society for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the trustee (and also a director 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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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 Charities SORP (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.
David Trotman Shires Accountants Limited Checkley Grange Checkley Lane Wrinehill Cheshire CW3 9DA
31 March 2021
Page 8
**The East Cheshire Eye Society Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Charitable activities
8
Other
9
**Total**
Net gains/(losses) on
investments
**Net (expenditure)/income**
10
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
51,509
7,046
7,299
4,338
70,192
11,698
65,528
77,226
3,883
(3,151)
-
(3,151)
(3,151)
375,951
372,800|**Restricted**
**funds**
**2021**
**£**
-
-
-
-|**Total funds**
**2021**
**£**
51,509
7,046
7,299
4,338|**Total funds**
**2020**
**£**
154,004
15,822
7,269
1,089|
|---|---|---|---|---|
|||-
-
-|70,192
11,698
65,528|178,184
16,709
49,939|
|||-
-|77,226
3,883|66,648
(4,816)|
|||-
-|(3,151)
-|106,720
-|
|||-|(3,151)|106,720|
|||-
30,000|(3,151)
405,951|106,720
299,231|
|||30,000|402,800|405,951|
Page 9
**The East Cheshire Eye Society Summary Income and Expenditure Account**
## **for the year ended 31 March 2021**
|Income
Net gains/(losses) on investments
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2021**
**£**
62,893
3,883
7,299
74,075
75,435
1,791
77,226
(3,151)
(3,151)|**2020**
**£**
170,915
(4,816)
7,269|
|---|---|---|
|||173,368|
|||66,372
276|
|||66,648|
|||106,720|
|||106,720|
Page 10
**The East Cheshire Eye Society Balance Sheet**
## **at 31 March 2021**
|**Company No.**
**04709101**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
12
105,229
Investments
13
152,757
257,986
**Current assets**
Stocks
14
4,807
Debtors
15
2,420
Cash at bank and in hand
151,624
158,851
**Creditors:**Amount falling due within one year
16
(14,037)
**Net current assets**
144,814
**Total assets less current liabilities**
402,800
**Net assets excluding pension asset or liability**
402,800
**Total net assets**
402,800
**The funds of the charity**
**Restricted funds**
17
Restricted income funds
30,000
30,000
**Unrestricted funds**
17
General funds
210,368
Designated funds
170,000
380,368
**Reserves**
17
Revaluation reserve
(7,568)
(7,568)
**Total funds**
402,800|**2020**
**£**
104,283
148,874|
|---|---|
||253,157
5,078
6,866
154,439|
||166,383
(13,589)|
||152,794
405,951|
||405,951|
||405,951|
||30,000|
||30,000
217,402
170,000|
||387,402
(11,451)|
||(11,451)|
||405,951|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2021 And signed on its behalf by:
M. Welch
Trustee
Page 11
**The East Cheshire Eye Society Statement of Cash flows for the year ended 31 March 2021**
|**Cash flows from operating activities**
**Net (expenditure)/income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in stocks
Decrease in trade and other receivables
Increase in trade and other payables
**Net cash (used in)/provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
(3,151)
1,791
(11,637)
271
4,446
448
(7,832)
(2,737)
11,637
8,900
-
1,068
154,439
155,507
151,624
151,624|**2020**
**£**
106,720
276
(8,358)
(784)
218
5,380|
|---|---|---|
|||103,452
(4,427)
8,358|
|||3,931|
||||
|||-|
||||
|||107,383|
|||42,240|
|||149,623|
||||
|||154,439|
||||
|||154,439|
Page 12
**The East Cheshire Eye Society Notes to the Accounts**
## **for the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- These are unrestricted funds earmarked by the trustees for particular
- Designated funds purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in legacies the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 13
**The East Cheshire Eye Society Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 14
**The East Cheshire Eye Society Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 15
**The East Cheshire Eye Society Notes to the Accounts**
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations and Gifts
2018 Legacy
CVIC Grant
Grants|**Unrestricted**
**funds**
**2020**
**£**
141,971
14,213
7,269
1,089
164,542
16,709
49,939
66,648
(4,816)
93,078
13,642
106,720
106,720
269,231
375,951
**Unrestricted**
**£**
21,404
18
-
30,087
51,509|**Restricted**
**funds**
**2020**
**£**
12,033
1,609
-
-
13,642
-
-
-
-
13,642
(13,642)
-
-
30,000
30,000
**Total**
**2021**
**£**
21,404
18
-
30,087
51,509|**Total funds**
**2020**
**£**
154,004
15,822
7,269
1,089|
|---|---|---|---|
||||178,184
16,709
49,939|
||||66,648
(4,816)|
||||106,720
-|
||||106,720|
||||106,720
299,231|
||||405,951|
||||**Total**
**2020**
**£**
77,262
57,445
12,033
7,264|
||||154,004|
Page 16
**The East Cheshire Eye Society Notes to the Accounts**
## 5 **Income from charitable activities**
|Fundraising Events
Socials and Trips
Sales
Service provision
6
**Income from investments**
Investments CCLA COIF
Investments 8% Treasury
Stock 2021
Investments 5% Treasury
Stock 2025
7
**Other income**
Recharges
Gift Aid
Furlough Grant|**Unrestricted**
**£**
4,099
-
1,884
1,063
7,046
**Unrestricted**
**£**
1,620
3,385
2,294
7,299
**Unrestricted**
**£**
160
1,104
3,074
4,338|**Total**
**2021**
**£**
4,099
-
1,884
1,063
7,046
**Total**
**2021**
**£**
1,620
3,385
2,294
7,299
**Total**
**2021**
**£**
160
1,104
3,074
4,338|**Total**
**2020**
**£**
4,931
3,111
6,171
1,609|
|---|---|---|---|
||||15,822|
||||**Total**
**2020**
**£**
1,591
3,385
2,293|
||||7,269|
||||**Total**
**2020**
**£**
183
906
-|
||||1,089|
Page 17
**The East Cheshire Eye Society Notes to the Accounts**
- 8 **Expenditure on charitable activities**
|_Expenditure on charitableactivities_
Fundraising events
Socials & trips
Service Will writing
Sales
Governance
9
**Other expenditure**
Project Rename
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 **Net (expenditure)/income before**
**transfers**
This is stated after charging:
Depreciation of owned fixed assets
11 **Staff costs**
Salaries and wages
Social security costs
Service provision|**Unrestricted**
**£**
1,045
26
2,120
1,379
1,448
11,698
**Unrestricted**
**£**
-
38,607
6
5,967
1,791
6,929
12,228
65,528
**2021**
**£**
1,791
38,537
-
38,537
5,679|**Total**
**2021**
**£**
1,045
26
2,120
1,379
1,448
11,698
**Total**
**2021**
**£**
-
38,607
6
5,967
1,791
6,929
12,228
65,528
5,679|**Total**
**2020**
**£**
2,087
5,462
3,462
4,118
1,580
-|
|---|---|---|---|
||||16,709|
||||**Total**
**2020**
**£**
(340)
32,383
1,137
7,937
276
8,546
-|
||||49,939|
||||**2020**
**£**
276
30,982
1,401|
||||32,383|
No employee received emoluments in excess of £60,000.
Page 18
**The East Cheshire Eye Society Notes to the Accounts**
## 12 **Tangible fixed assets**
|**Tangible fixed assets**||||
|---|---|---|---|
|**Cost or revaluation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**£**
100,000
-
100,000
-
-
-
100,000
100,000|**£**
20,376
2,737
23,113
16,093
1,791
17,884
5,229
4,283|**£**
120,376
2,737|
||||123,113|
||||16,093
1,791|
||||17,884|
||||105,229|
||||104,283|
## 13 **Investments**
|**Cost or revaluation**
At 1 April 2020
At 31 March 2021
**Provisions and impairment**
At 1 April 2020
Provided during the year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**COIF**
**£**
43,207
43,207
(2,739)
(9,495)
(12,234)
55,441
45,946|**5% 2025**
**£**
55,916
55,916
9,676
3,313
12,989
42,927
46,240|**8% 2021**
**£**
60,518
60,518
3,830
2,299
6,129
54,389
56,688|**Total**
**£**
159,641|
|---|---|---|---|---|
|||||159,641|
|||||10,767
(3,883)|
|||||6,884|
|||||152,757|
|||||148,874|
Page 19
**The East Cheshire Eye Society Notes to the Accounts**
## 14 **Stocks**
|14 **Stocks**||||
|---|---|---|---|
|Raw materials and consumables
**Carrying value analysed by activities**
15 **Debtors**
Trade debtors
Prepayments and accrued income
16 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes
Other creditors
Accruals and deferred income
Grant tech paid in advance||**2021**
**£**
4,807
4,807
**2021**
**£**
4,807
4,807
**2021**
**£**
1,063
1,357
2,420
**2021**
**£**
3,053
-
283
701
14,037
10,000|**2020**
**£**
5,078
5,078
**2020**
**£**
5,078
5,078
**2020**
**£**
5,296
1,570
6,866
**2020**
**£**
1,232
(376)
405
12,328
13,589
-|
|||||
|||||
|||||
|||||
|||||
|||||
Page 20
**The East Cheshire Eye Society Notes to the Accounts**
## 17 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
Revaluation of Property
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Development Fund
_Total_
**Revaluation Reserves:**
Revaluation fund
_Total revaluation reserves_
**Total funds**
18 **Analysis of net assets between funds**
Fixed assets
Investments
Net current assets
19 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2020**
30,000||**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
70,192
-
-
3,883
3,883
74,075
**Restricted**
**funds**
**£**
30,000
30,000
-
-
**At 1 April**
**2020**
**£**|**Resources**
**expended**
**£**
-
-
(77,226)
-
-
(77,226)
**Unrestricted**
**funds**
**£**
75,229
152,757
144,814
372,800
**Cash flows**
**£**|**At 31**
**March**
**2021**
**£**
30,000|
|---|---|---|---|---|---|
||30,000||||30,000|
||217,402
170,000||||210,368
170,000|
||170,000||||170,000|
||(11,451)||||(7,568)|
||(11,451)||||(7,568)|
|||||||
||405,951||||402,800|
||||||**Total**
**£**
105,229
152,757
144,814|
||||||402,800|
||||||**At 31**
**March**
**2021**
**£**|
||||154,439|(2,815)|151,624|
||||154,439
154,439|(2,815)
(2,815)|151,624|
||||||151,624|
Page 21
**The East Cheshire Eye Society Detailed Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Donations and Gifts
2018 Legacy
CVIC Grant
Grants
Charitable activities
Fundraising events
Socials and trips
Sales
Service provision
Investments
Investments CCLA COIF
Investments 8% Treasury Stock 2021
Investments 5% Treasury Stock 2025
Other
Net gain/ (loss) on disposal of
Recharge
Gift Aid
**Total income and endowments**
**Expenditure on Charitableactivities**
Fundraising events
Socials and trips
Sales
Service provision
Governance costs
Independent examination fees
**Total of expenditure on charitable activities**
Furlough grant
Service Will writing|**Unrestricted**
**funds**
**2021**
**£**
21,404
18
-
30,087
51,509
4,099
-
1,884
1,063
7,046
1,620
3,385
2,294
7,299
160
1,104
3,074
4,338
70,192
1,045
2,120
1,379
5,679
10,250
1,448
1,448
11,698
26|**Total funds**
**2021**
**£**
21,404
18
-
30,087
51,509
4,099
-
1,884
1,063
7,046
1,620
3,385
2,294
7,299
160
1,104
3,074
4,338
70,192
1,045
26
1,379
5,679
10,250
1,448
1,448
11,698
2,120|**Total funds**
**2020**
**£**
77,262
57,445
12,033
7,264|
|---|---|---|---|
||||154,004|
||||4,931
3,111
6,171
1,609|
||||15,822|
||||1,591
3,385
2,293|
||||7,269|
||||183
906
-|
||||1,089|
||||178,184
2,087
5,462
3,462
4,118
-|
||||15,129|
||||1,580|
||||1,580|
||||16,709|
Page 22
## **The East Cheshire Eye Society Detailed Statement of Financial Activities**
|Other expenditure
Project Rename
Employee costs
Salaries/wages
Employer's NIC
Staff training
Motor and travel costs
Travel and subsistence
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of
Equipment expensed
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Consultancy fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains|-
-
38,537
-
70
38,607
6
6
286
1,154
488
2,302
803
934
5,967
1,791
605
24
2,324
2,444
533
288
711
8,720
12,228
12,228
65,528
77,226
3,883
(3,151)
(3,151)
-|-
-
38,537
-
70
38,607
6
6
286
1,154
488
2,302
803
934
5,967
1,791
605
24
2,324
2,444
533
288
711
8,720
12,228
12,228
65,528
77,226
3,883
(3,151)
(3,151)
-|(340)|
|---|---|---|---|
||||(340)|
||||30,982
1,401
-|
||||32,383|
||||1,137|
||||1,137|
||||242
1,708
1,711
2,196
1,132
948|
||||7,937|
||||276
347
7
2,773
1,637
269
45
3,468|
||||8,822|
||||-|
||||-|
|||||
||||49,939|
||||66,648
(4,816)|
||||106,720|
||||106,720
-|
Page 23
**The East Cheshire Eye Society Detailed Statement of Financial Activities**
|**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|375,951
372,800|(3,151)
30,000
30,000|(3,151)
405,951
402,800|106,720|
|---|---|---|---|---|
|||||299,231|
|||||405,951|
Page 24