REGISTERED CHARITY NUMBER: 1174797
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31st December 2021
for
Barnet Borough Sight Impaired
Spencer Hyde Limited 272 Regents Park Road London N3 3HN
Barnet Borough Sight Impaired
Contents of the Financial Statements for the Year Ended 31st December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Statement of Financial Position | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Barnet Borough Sight Impaired
Report of the Trustees for the Year Ended 31st December 2021
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives for which the charity is established is to promote the welfare of blind and partially sighted people living in the London Borough of Barnet and to educate the Public about their needs and aspirations.
These objectives and aims have been achieved as follows:-
-
(a) By providing advocacy/advice/information to blind people and those with visual impairment.
-
(b) By liaising with other interested bodies in order to promote the wellbeing of blind and visually Impaired people.
-
(c) By providing social activities aimed at promoting the wellbeing of blind and visually impaired people.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1174797
Principal address
Flightways Resource Centre The Concourse Graham Park London NW9 5UX
Trustees
E Amos (appointed 9.3.21) P Ashby J Aspinal (appointed 19.3.21) O Natelson N Vandyk M Rees M Henriques (deceased 8.8.22) P Tarl B Hogg
Independent Examiner
Antony Youselli Spencer Hyde Limited 272 Regents Park Road London N3 3HN
Approved by order of the board of trustees on 21st September 2022 and signed on its behalf by:
P Tarl - Trustee
Page 1
Independent Examiner's Report to the Trustees of Barnet Borough Sight Impaired
Independent examiner's report to the trustees of Barnet Borough Sight Impaired
I report to the charity trustees on my examination of the accounts of Barnet Borough Sight Impaired (the Trust) for the year ended 31st December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Antony Youselli Spencer Hyde Limited 272 Regents Park Road London N3 3HN
21st September 2022
Page 2
Barnet Borough Sight Impaired
Statement of Financial Activities
for the Year Ended 31st December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 1,015 Charitable activities General 1,941 Investment income 3 210 Total 3,166 EXPENDITURE ON Raising funds Raising donations and legacies 5 - - Charitable activities 6 General 1,112 Other 2,186 Total 3,298 NET INCOME/(EXPENDITURE) (132) RECONCILIATION OF FUNDS Total funds brought forward 25,315 TOTAL FUNDS CARRIED FORWARD 25,183 |
2020 Total funds £ 4,530 1,275 195 |
|---|---|
| 6,000 | |
| 1,386 | |
| 1,386 - 1,324 |
|
| 2,710 | |
| 3,290 22,025 |
|
| 25,315 |
The notes form part of these financial statements
Page 3
Barnet Borough Sight Impaired
Statement of Financial Position
31st December 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 10 250 Cash at bank 24,933 25,183 CREDITORS Amounts falling due within one year 11 - NET CURRENT ASSETS 25,183 TOTAL ASSETS LESS CURRENT LIABILITIES 25,183 NET ASSETS 25,183 FUNDS 12 Unrestricted funds 25,183 TOTAL FUNDS 25,183 |
2020 Total funds £ 315 25,526 25,841 (526) 25,315 25,315 25,315 25,315 25,315 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21st September 2022 and were signed on its behalf by:
P Tarl - Trustee
The notes form part of these financial statements
Page 4
Barnet Borough Sight Impaired
Notes to the Financial Statements for the Year Ended 31st December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Taxation
The charity is exempt from 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.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Gifts | 1 | (1) |
| Donations | 999 | 4,321 |
| Subscriptions | 15 | 210 |
| 1,015 | 4,530 |
Page 5
continued...
Barnet Borough Sight Impaired
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
| 3. | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| £ | £ | ||||
| Deposit account interest | 210 | 195 | |||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2021 | 2020 | ||||
| Activity | £ | £ | |||
| Receipts from socials | General | 799 | 355 | ||
| Quiz nights | General | 1,142 | 920 | ||
| 1,941 | 1,275 | ||||
| 5. | RAISING DONATIONS AND LEGACIES | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Support costs | - | 1,386 | |||
| 6. | CHARITABLE ACTIVITIES | COSTS | |||
| Support | |||||
| costs (see | |||||
| note 7) | |||||
| £ | |||||
| General | 1,112 | ||||
| 7. | SUPPORT COSTS | ||||
| Management | Finance | Totals | |||
| £ | £ | £ | |||
| General | 1,015 | 97 | 1,112 | ||
| 8. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020.
Page 6
continued...
Barnet Borough Sight Impaired
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 4,530 | ||
| Charitable activities | |||
| General | 1,275 | ||
| Investment income | 195 | ||
| Total | 6,000 | ||
| EXPENDITURE ON | |||
| Raising funds | |||
| Raising donations and legacies | 1,386 | ||
| 1,386 | |||
| Other | 1,324 | ||
| Total | 2,710 | ||
| NET INCOME | 3,290 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 22,025 | ||
| TOTAL FUNDS CARRIED FORWARD | 25,315 | ||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Prepayments and accrued income | 250 | 315 |
continued...
Page 7
Barnet Borough Sight Impaired
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | - | 526 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,315 | (132) | 25,183 | |
| TOTAL FUNDS | 25,315 | (132) | 25,183 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 3,166 | (3,298) | (132) | |
| TOTAL FUNDS | 3,166 | (3,298) | (132) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,025 | 3,290 | 25,315 | |
| TOTAL FUNDS | 22,025 | 3,290 | 25,315 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 6,000 | (2,710) | 3,290 | |
| TOTAL FUNDS | 6,000 | (2,710) | 3,290 |
continued...
Page 8
Barnet Borough Sight Impaired
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,025 | 3,158 | 25,183 |
| TOTAL FUNDS | 22,025 | 3,158 | 25,183 |
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 | 9,166 | (6,008) | 3,158 |
| TOTAL FUNDS | 9,166 | (6,008) | 3,158 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2021.
Page 9
Barnet Borough Sight Impaired
Detailed Statement of Financial Activities for the Year Ended 31st December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | (1) |
| Donations | 999 | 4,321 |
| Subscriptions | 15 | 210 |
| 1,015 | 4,530 | |
| Investment income | ||
| Deposit account interest | 210 | 195 |
| Charitable activities | ||
| Receipts from socials | 799 | 355 |
| Quiz nights | 1,142 | 920 |
| 1,941 | 1,275 | |
| Total incoming resources | 3,166 | 6,000 |
| EXPENDITURE | ||
| Other | ||
| Quiz costs (Fundraising costs) | 165 | 25 |
| Printing Newsletter | 178 | 154 |
| Hall Hire | - | 149 |
| Cost of Socials | 1,843 | 996 |
| 2,186 | 1,324 | |
| Support costs | ||
| Management | ||
| Insurance | 255 | 250 |
| Telephone | 462 | 607 |
| Sundries | - | 154 |
| Office exp / Secretarial | 298 | 315 |
| 1,015 | 1,326 | |
| Finance | ||
| Bank charges | 97 | 60 |
| Total resources expended | 3,298 | 2,710 |
| Net (expenditure)/income | (132) | 3,290 |
This page does not form part of the statutory financial statements
Page 10