| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report |
2-5 | ||
| Independent examiner's |
report | ||
| Statement offinancial activities | |||
| Balance sheet |
| Trustees | EA Shilling, Chair (resigned 6 June |
EA Shilling, Chair (resigned 6 June |
EA Shilling, Chair (resigned 6 June |
EA Shilling, Chair (resigned 6 June |
2023) | |
|---|---|---|---|---|---|---|
| F EAnderson | (resigned | 13June 2022) | ||||
| Dr R Cubbidge | ||||||
| F Drasar | ||||||
| R Dufton | ||||||
| A Lightstone (resigned |
13June 2022) | |||||
| J Morris, Vice | Chair | |||||
| Dr DJ Parkins, | Chair | |||||
| Professor M SSagoo |
||||||
| Dr M Conway | (appointed | 15December 2022) | ||||
| R Lovell-Patel | (appointed | 15December 2022) | ||||
| Charity registered | ||||||
| number | 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 | |||
| Note | 2023f | 2023 f |
2023 f. |
2023 F |
2022 | ||
| Income and | |||||||
| endowments | from: | ||||||
| Donations and |
legacies | 3 | 110,258 | 110,258 | 137,681 | ||
| Investments | 4 | 17,209 | 20,485 | 37,694 | 27,873 | ||
| Other income | 5 | 4,050 | 4,050 | 4,350 | |||
| Total income | and | ||||||
| endowments | 114,308 | 17,209 | 20,485 | 152,002 | 169,904 | ||
| Expenditure on: |
|||||||
| Raising funds | 6,7 | 6,351 | 7,561 | 13,912 | 15,022 | ||
| Charitable activities |
9 | 41,363 | 69,890 | 111,253 | 95,822 | ||
| Total expenditure | 47,714 | 77,451 | 125,165 | 111,844 | |||
| Net Income I | |||||||
| (expenditure) | before | ||||||
| net gains I(losses) | |||||||
| on Investments | 114,308 | (30,505) | (56,966) | 26,837 | 58,060 | ||
| Net gains 1(losses) on | |||||||
| investments | (75,316) | (67,268) | (142,584) | 52,083 | |||
| Net income I | |||||||
| (expenditure) | 38,992 | (97,773) | (56,966) | (115,747) | 110,143 | ||
| Transfers between |
|||||||
| funds | 16 | (56,966) | 56,966 | ||||
| Net movement | in | ||||||
| funds | (17,974) | (97,773) | (115,747) | 110,143 | |||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 1,037,674 | 871,686 | 1,909,360 | 1,799,217 | |||
| Net movement | in funds | (17,974) | (97,773) | (115,747) | 110,143 | ||
| Total funds carried | |||||||
| forward | 1,019,700 | 773,913 | 1,793,613 | 1,909,360 |
| Endowment | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023f | |
| Donations | 42,556 | 42,556 |
| Legacies | 61,178 | 61,178 |
| Gift aid recoverable | 6,524 | 6,524 |
| 110,258 | 110,258 |
| Endowment | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| 8 | ||
| Donations | 32,808 | 32,808 |
| Legacies | 100,000 | 100,000 |
| Gifi aid recoverable | 4,873 | 4,873 |
| 137,681 | 137,681 |
| Restricted | Unrestricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2023 5 |
2023 E |
2023f | |||||
| Income | from | local | listed | investments | 17,209 | 20,485 | 37,694 |
| Restricted | Unnrstrfcted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| 6 | 6 | 5 | |||||
| Income | from | local | listed | investments | 13,493 | 14,380 | 27,873 |
| Other | incoming | resources |
|---|---|---|
| Other | incoming | resources |
| Endowment | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| 5 | F |
| 4,050 | 4,050 |
| Endowment | Total |
|---|---|
| funds | funds |
| 2022 | 2022 |
| 5 | |
| 4,350 | 4,350 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 f |
2023 5 |
2023f | |||
| Subscriptions | and | directories | 49 | 59 | 108 |
| Advertisement | and | marketing | 628 | 747 | 1,375 |
| 677 | 806 | 1,483 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022f | 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 | |||
| 2023 E |
2023 f |
2023 E |
|||
| Investment | management | fees | 5,674 | 6,755 | 12,429 |
| Restricted | Unrestricted | Total | |||
| funds | funds | funds | |||
| 2022 f |
2022 | 2022 5 |
|||
| Investment | management | fees | 6,797 | 7,244 | 14,041 |
| Grants from | Grants from | |
|---|---|---|
| Unrestricted | Restricted | Total |
| Funds | Funds | funds |
| 2023f | 2023 K |
2023 E |
| 63,145 | 35,700 | 98,845 |
| Grants | from | Grants from | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| 6 | 5 | 6 | ||||
| Grants and donations | 56,753 | 21,000 | 77,753 | |||
| The Charity has made the following'material | grants to institutions | during | the | yean | ||
| 2023 f |
2022 | |||||
| Name of institution | ||||||
| Blind in Business | 6,000 | 5,000 | ||||
| Croydon Vision | 2,350 | |||||
| Drunken Chorus |
1,000 | |||||
| Extant | 5,000 | |||||
| Goalball | 5,000 | |||||
| Kent Association for the Blind |
1,000 | |||||
| Living Paintings Trust |
5,000 | |||||
| Magical Taxi Tour | 1,500 | |||||
| No Going Back | 500 | |||||
| Nystagmus Network |
1,620 | |||||
| The Sheriffs'and Recorder's |
Fund | 500 | ||||
| Royal National College for the |
Blind | 1,000 | ||||
| Royal Society for Blind Children | 4,000 | |||||
| Sheffield Royal Society for the Blind | 2,225 | |||||
| Sutton Vision | 5,000 | |||||
| The Ridley Foundation | 5,000 | |||||
| Vision 2020 Links | 9,950 | 2,500 | ||||
| Vista | 2,000 | |||||
| World Jewish Relief | 2,000 | 5,934 | ||||
| World Sight Foundation | 2,500 | |||||
| 63,145 | 13,434 | |||||
| Other grants to institutions | 43,319 | |||||
| 63,145 | 56,753 |
| Restricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023f | 2023 5 |
||
| JDRF | 10,000 | 10,000 | |
| Retina | UK | 5,000 | 5,000 |
| 15,000 | 15,000 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2023 f |
2023 | 2023 5 |
|||
| Governance | costs | 2,282 | 2,718 | 5,000 | |
| Charitable | activities | 35,700 | 63,145 | 98,845 | |
| Cost ofgenerating | funds | 3,381 | 4,027 | 7,408 | |
| 41,363 | 69,890 | 111,253 |
| Restn'cted | Unrestncted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2022 | 2022 | 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 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of |
Support | Total | |||
| activities | costs | funds | |||
| 2023 | 2023 | 2023 | |||
| 8 | |||||
| Governance | costs | 5,000 | 5,000 | ||
| Charitable | activities | 98,845 | 98,845 | ||
| Cost ofgenerating | funds | 7,408 | 7,408 | ||
| 98,845 | 12,408 | 111,253 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of | Support | Total | |||
| activities | costs | funds | |||
| 2022 | 2022 | 2022 | |||
| 8 | |||||
| Governance | costs | 5,100 | 5,100 | ||
| Charitable | activities | 77,753 | 77,753 | ||
| Cost ofgenerating | funds | 12,969 | 12,969 | ||
| 77,753 | 18,069 | 95,622 |
| Listed | |||
|---|---|---|---|
| investmentsf | |||
| Cost or valuation | |||
| At 1 April 2022 | 1,875,692 | ||
| Additions | 424,777 | ||
| Disposals | (471,421) | ||
| Revaluations | (85,166) | ||
| At 31 March | 2023 | 1,743,882 | |
| Net book value | |||
| At 31 March | 2023 | 1,743,882 | |
| At 31March | 2022 | 1,675,692 | |
| Debtors | |||
| 2023f | 2022f | ||
| Prepayments | and accrued income | 3,812 | 3,832 |
| Tax recoverable | 6,516 | 4,857 | |
| 10,328 | 8,669 |
| 2023f | 2022 |
|---|---|
| 8,733 | 22,169 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2022 E |
Income E |
Expenditure | f | In/out K |
(Losses) f |
2023 | |
| Unrestricted | |||||||
| funds | |||||||
| General Funds |
20,485 | (77,451) | 56,966 | ||||
| Endowment | |||||||
| funds | |||||||
| Endowment | |||||||
| Fund | 1,037,674 | 114,308 | (56,966) | (75,316) | 1,019,700 | ||
| Restricted | |||||||
| funds | |||||||
| Restricted fund- | |||||||
| Trevor White | 124,644 | 2,461 | (16,717) | 110,388 | |||
| Restricted fund- | |||||||
| Education | |||||||
| Trust | 747,042 | 14,748 | (30,997) | (67,268) | 663,525 | ||
| 871,686 | 17,209 | (47,714) | (67,268) | 773,913 | |||
| Total offunds | 1,909,360 | 152,002 | (125,165) | (142,584) | 1,793,613 |
| Statement offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | Gainer | 31March | |||
| 1 Apnl 2021f | Income | Expend(ture 8 |
in7out | (Losses) 8 |
2022 8 |
|
| 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 | I'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) | 52083 | 1909360 |
| Summary | offun | ds - current year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2022 6 |
Income E |
Expenditure 6 |
in/out F |
(Losses)f | 2023 E |
||
| General funds | 20,485 | (77,451) | 56,966 | ||||
| Endowment | |||||||
| funds | 1,037,674 | 114,308 | (56,966) | (75,316) | 1,019,700 | ||
| Restricted | funds | 871,686 | 17,209 | (47,714) | (67,268) | 773,913 | |
| 1,909,360 | 152,002 | (125,165) | (142,584) | 1,793,613 | |||
| Summary | offunds - prior year | ||||||
| Balance at | |||||||
| Balance at | Transfers | Gainer | 31March | ||||
| 1 April 2021 8 |
Income 8 |
Expenditure | inlout 5 |
(Losses) E |
2022 8 |
||
| General funds | 14,380 | (74,409) | 50,029 | ||||
| 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 |
| Analysis ofnet assets between funds - curr |
ent year | ||
|---|---|---|---|
| Endowment | Restricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| E | 6 | 6 | |
| Fixed asset investments | 969,969 | 773,913 | 1,743,882 |
| Current assets | 58,464 | 58,464 | |
| Creditors due within one year | (8,733) | (8,733) | |
| Total | 1,019,700 | 773,913 | 1,793,613 |
| Endowment | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 8 | 6 | ||
| 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 |