| Page | ||
|---|---|---|
| Reference and administrative details ofthe Charity, |
its Trustees and advisers | |
| Trustees' report |
2-4 | |
| Independent examiner's report |
||
| Statement offinancial activities | ||
| Balance sheet | ||
| Notes to the financial statements | 8-23 |
| Trustees | EA Shilling, Chair |
||||
|---|---|---|---|---|---|
| F EAnderson (resigned |
13June 2022) | ||||
| Dr R Cubbidge | |||||
| F Drasar | |||||
| R Dufton | |||||
| A Lightstone (resigned |
13June 2022) | ||||
| J Morris | |||||
| Dr DJ Parkins | |||||
| Professor M SSagoo |
|||||
| Charity registered | |||||
| number | Registered in England |
and Wales, | no. 1186122 | ||
| Principal office | Apothecaries' Hall |
||||
| Black Friars Lane | |||||
| London | |||||
| EC4V 6EL | |||||
| Accountants | Kreston Reeves LLP | ||||
| Chartered Accountants |
|||||
| 2nd Floor | |||||
| 168Shoreditch High Street |
|||||
| London | |||||
| E1 6RA | |||||
| Investment | managers | Rathbones Investment |
Management | Limited | |
| 8 Finsbury Circus |
|||||
| London | |||||
| EC2M 7AZ | |||||
| Bankers | Lloyds Banking Group | PLC |
| Endowment | Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Note | E | f. | E | ||||
| Income and | |||||||
| endowments | from: | ||||||
| Donations and |
legacies | 3 | 137,681 | 137,681 | 147,672 | ||
| Investments | 4 | 13,493 | 14,380 | 27,873 | 27,098 | ||
| Other income | 4,350 | 4,350 | 900 | ||||
| Total income | and | ||||||
| endowments | 142,031 | 13,493 | 14,380 | 169,904 | 175,670 | ||
| Expenditure on: |
|||||||
| Raising funds | 6,7 | 7,756 | 8,266 | 16,022 | 15,650 | ||
| Charitable activities |
9 | 29,679 | 66,143 | 95,822 | 107,598 | ||
| Total expenditure | 37,435 | 74,409 | 111,844 | 123,248 | |||
| Net income I | |||||||
| (expenditure) | before | ||||||
| net gains I(losses) | |||||||
| on investments | 142,031 | (23,942) | (60,029) | 58,060 | 52,422 | ||
| Net gains I(losses) on | |||||||
| investments | 27,452 | 24,631 | 52,083 | 346,087 | |||
| Net income I | |||||||
| (expenditure) | 169,483 | 689 | (60,029) | 110,143 | 398,509 | ||
| Transfers between |
|||||||
| funds | 16 | (60,029) | 60,029 | ||||
| Net movement | in | ||||||
| funds | 109,454 | 689 | 110,143 | 398,509 | |||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 928,220 | 870,997 | 1,799,217 | 1,400,708 | |||
| Net movement | in funds | 109,454 | 689 | 110,143 | 398,509 | ||
| Total funds carried | |||||||
| forward | 1,037,674 | 871,686 | 1,909,360 | 1,799,217 |
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| F | E | E | |
| Donations | 32,808 | 32,808 | |
| Legacies | 100,000 | 100,000 | |
| Gift aid recoverable | 4,873 | 4,873 | |
| 137,681 | 137,681 | ||
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Donations | 41,182 | 605 | 41,787 |
| Legacies | 100,000 | 100,000 | |
| GiR aid recoverable | 5,734 | 151 | 5,885 |
| 146,916 | 756 | 147,672 |
| Restricted | Unrestricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| P | |||||||
| Income | from | local | listed | investments | 13,493 | 14,380 | 27,873 |
| Restricted | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| Income | from | local | listed | investments | 8,825 | 18,273 | 27,098 |
| Endowment | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2022 | |||
| F | ||||
| Other | incoming | resources | 4,350 | 4,350 |
| Endowment | Total | |||
| funds | funds | |||
| 2021f | 2021 | |||
| Other | incoming | resources | 900 | 900 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2022f | |||
| Subscriptions | and | directories | 50 | 53 | 103 |
| Advertisement | and | marketing | 909 | 969 | 1,878 |
| 959 | 1,022 | 1,981 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021f | 2021f | |||
| Subscriptions | and | directories | 51 | 48 | 99 |
| Advertisement | and | marketing | 2,036 | 1,923 | 3,959 |
| 2,087 | 1,971 | 4,058 |
| Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 f |
2022 f |
2022 | ||||
| Investment | management | fees | 6,797 | 7,244 | 14,041 | |
| Restricted | Unrestricted | Total | ||||
| funds | funds | funds | ||||
| 2021 f |
2021 f |
2021f | ||||
| Investment | management | fees | 3,694 | 7,898 | 11,592 | |
| 8. | Analysis | ofgrants |
| Grants to | Grants to | Total |
|---|---|---|
| Institutions | Individuals | funds |
| 2022 F |
2022f | 2022 |
| 56,753 | 21,000 | 77,753 |
| Grants to | Grants to | Grants to | Total | ||||
|---|---|---|---|---|---|---|---|
| Institutions | Individuals | funds | |||||
| 2021 | 2021 | 2021 | |||||
| Grants and donations | 59,524 | 18,000 | 77,524 | ||||
| The Charity has made the following | material | grants to institutions | during | the | year: | ||
| 2022 | 2021f | ||||||
| Name ofinstitution | |||||||
| StJohn ofJerusalem | eye hospital | 2,000 | |||||
| Vision 2020 | 2,500 | ||||||
| World Jewish Relief | 5,934 | ||||||
| Treloar Trust | 2,521 | ||||||
| Deafblind UK |
2,000 | 2,000 | |||||
| Sense International | 5,000 | ||||||
| Blind in Business | 5,000 | ||||||
| Royal Opera House | 5,050 | ||||||
| Andean Medical Mission |
5,800 | ||||||
| Clear Vision | 2,500 | 3,000 | |||||
| World Jewish Relief (Ukraine appeal) | 2,500 | ||||||
| Vision Aid Overseas | 3,850 | ||||||
| New College Worcester | 2,000 | ||||||
| Northern Ballet |
3,768 | 6,564 | |||||
| Beacon Centre | 6,330 | ||||||
| Goalball | 9,507 | ||||||
| Fight for Sight | 7,500 | ||||||
| SeeAbility | 5,000 | ||||||
| Extant | 5,000 | ||||||
| 56,753 | 38,571 | ||||||
| Other grants to institutions | 20,953 | ||||||
| 56,753 | 59,524 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2022 | 2022f | 2022 | |||
| Governance | costs | 2,412 | 2,688 | 5,100 | |
| Charitable | activities | 21,000 | 56,753 | 77,753 | |
| Cost ofgenerating | funds | 6,267 | 6,702 | 12,969 | |
| 29,679 | 66,143 | 95,822 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2021 f |
2021 | 2021 | |||
| Governance | costs | 8,187 | 8,035 | 16,222 | |
| Charitable | activities | 24,500 | 53,024 | 77,524 | |
| Cost of generating | funds | 7,120 | 6,732 | 13,852 | |
| 39,807 | 67,791 | 107,598 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of |
Support | Total | |||
| activities | costs | funds | |||
| 2022 | 2022 | 2022 | |||
| E. | E | ||||
| Governance | costs | 5,100 | 5,100 | ||
| Charitable | activities | 77,753 | 77,753 | ||
| Cost ofgenerating | funds | 12,969 | 12,969 | ||
| 77,753 | 18,069 | 95,822 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of | Support | Total | |||
| activities | costs | funds | |||
| 2021 | 2021 | 2021 | |||
| Governance | costs | 16,222 | 16,222 | ||
| Charitable | activities | 77,524 | 77,524 | ||
| Cost of generating | funds | 13,852 | 13,852 | ||
| 77,524 | 30,074 | 107,598 |
| Listed | |
|---|---|
| investments | |
| F | |
| Cost or valuation | |
| At 1 April 2021 | 1,763,022 |
| Additions | 555,180 |
| Disposals | (498,600) |
| Revaluations | 56,090 |
| At 31 March 2022 | 1,875,692 |
| Net book value | |
| At 31 March 2022 | 1,875,692 |
| At 31March 2021 | 1,763,022 |
| Notes | to the financial statements | to the financial statements | to the financial statements | ||
|---|---|---|---|---|---|
| Forthe year ended | 31 March 2022 | ||||
| 14. | Debtors | ||||
| 2022 | 2021 | ||||
| R | E | ||||
| Other debtors | 500 | ||||
| Prepayments | and accrued income | 3,832 | 3,914 | ||
| Tax recoverable | 4,857 | 2,419 | |||
| 8,689 | 6,833 | ||||
| 15. | Creditors: Amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Accruals and |
deferred | income | 22,189 | 26,976 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at 1 | ' | Transfers | Gains/ | 31 March | ||||
| April 2021 f |
Income f |
Expenditure | f | in/out F |
(Losses) F |
2022 F |
||
| Unrestricted | ||||||||
| funds | ||||||||
| General Funds |
14,380 | (74,409) | 60,029 | |||||
| Endowment | ||||||||
| funds | ||||||||
| Endowment | ||||||||
| Fund | 928,220 | 142,031 | (60,029) | 27,452 | 1,037,674 | |||
| Restricted | ||||||||
| funds | ||||||||
| Restricted fund- | ||||||||
| Trevor White | 125,057 | 1,937 | (2,350) | 124,644 | ||||
| Restricted fund- | ||||||||
| Education | ||||||||
| Trust | 745,940 | 11,556 | (35,085) | 24,631 | 747,042 | |||
| 870,997 | 13,493 | (37,435) | 24,631 | 871,686 | ||||
| Total offunds | 1,799,217 | 169,904 | (111,844) | 52,083 | 1,909,360 |
| Statement offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | Gains' | 31March | |||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| E | ||||||
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Designated | ||||||
| Funds | 4,972 | (4,972) | ||||
| General funds | ||||||
| General Funds |
602,785 | 19,029 | (77,660) | (543,098) | (1,056) | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 607,757 | 19,029 | (77,660) | (548,070) | (1,056) | |
| Endowment | ||||||
| funds | ||||||
| Endowment | ||||||
| Fund | 659,023 | 147,816 | (62,119) | 183,500 | 928,220 | |
| Restricted | ||||||
| funds | ||||||
| Restricted fund- | ||||||
| Trevor White | 133,928 | 2,198 | (11,069) | 125,057 | ||
| Restricted fund- | ||||||
| Education | ||||||
| Trust | 6,627 | (34,519) | 610,189 | 1S3,643 | 745,940 | |
| 133,928 | 8,825 | (45,588) | 610,189 | 163,643 | 870,997 | |
| Total offunds | 1,400,708 | 175,670 | (123,248) | 346,087 | 1,799,217 |
| Summary offun |
ds - current year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2021 E |
Income | Expenditure E |
in/outf | (Losses) F |
2022 f |
|
| General funds | 14,380 | (74,409) | 60,029 | |||
| Endowment | ||||||
| funds | 928,220 | 142,031 | (60,029) | 27,452 | 1,037,674 | |
| Restricted funds | 870,997 | 13,493 | (37,435) | 24,631 | 871,686 | |
| 1,799,217 | 169,904 | (111,844) | 52,083 | 1,909,360 |
| Summary offund |
s - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | Gainsl | 31March | |||
| 1Apri! 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| Designated | ||||||
| funds | 4,972 | (4,972) | ||||
| General funds | 602,785 | 19,029 | (77,660) | (543,098) | (1,056) | |
| Endowment | ||||||
| funds | 659,023 | 147,816 | (62,119) | 183,500 | 928,220 | |
| Restricted funds | 133,928 | 8,825 | (45,588) | 610,189 | 163,643 | 870,997 |
| 1,400,708 | 175,670 | (123,248) | 346,087 | 1,799,217 |
| Analysis | ofnet assets between funds - curr | ent year | ||
|---|---|---|---|---|
| Endowment | Restricted | Total | ||
| funds | funds | funds | ||
| 2022f | 2022 | 2022 E |
||
| Fixed asset investments | 1,004,006 | 871,686 | 1,875,692 | |
| Current | assets | 55,857 | 55,857 | |
| Creditors | due within one year | (22,189) | (22,189) | |
| Total | 1,037,674 | 871,686 | 1,909,360 |
| Analysis of net assets between funds - prio | r year | ||
|---|---|---|---|
| Endowment | Restricted | Total | |
| funds | funds | funds | |
| 2021 E |
2021 | 2021f | |
| Fixed asset investments | 910,753 | 852,269 | 1,763,022 |
| Current assets | 30,485 | 32,686 | 63,171 |
| Creditors due within one year | (13,018) | (13,958) | (26,976) |
| 928,220 | 870,997 | 1,799,217 |