**Registered Charity Number: 204279**
# **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023**
**for**
## **Insight Gloucestershire**
Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
**Insight Gloucestershire Contents of the Financial Statements For the year ended 31 March 2023**
||Page|
|---|---|
|Reference and Administrative Details|1|
|Report of the Trustees|2 to 6|
|Independent Examiner's Report|7 to 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 15|
**Reference and Administrative Details**
## **Insight Gloucestershire**
## **For the year ended 31 March 2023**
**Charity number** 204279 (England and Wales)
**Registered office** 18 Albion Street Cheltenham GL52 2RZ
**Board of trustees:** Trustees who served during the year and up to the date of this report were as follows: Ann Lightfoot (Chair) Tim Rice Michael Johnson Elizabeth Bristow Louise Simmonds (Secretary) Sammy Rosser (Treasurer) Hazel Holland
**General Manager** Steve Martin (Retired June 2023)
**Independent examiners** Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham GL53 7HL
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**Insight Gloucestershire**
## **Report of the Trustees**
## **For the year ended 31 March 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
## **About Insight Gloucestershire**
The charitable object of Insight Gloucestershire is to promote the relief of sight impaired people within Gloucestershire. The charity was formerly known as the Gloucestershire County Association for the Blind and changed its name in 2013.
Insight Gloucestershire provides timely and appropriate support services for all people affected by sight loss in Gloucestershire, along with their families and friends. **Our aim** is to ensure people with sight loss in the county are able to lead active, independent and fulfilled lives.
We work with people affected by sight loss to help them navigate the often-complex provision of services, joining up health, social care and community services.
Our agreed organisational objectives are:
- To ensure all people with sight loss in Gloucestershire (and their family and friends) know where they can find support relevant to their personal situation.
- To provide a range of good quality, high impact services driven by the voice and needs of our clients.
- To build a strong and sustainable organisation which adds real value, can demonstrate its impact and has the confidence of the people and organisations we work with.
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## **Review of the year**
Over the past year, our team in Cheltenham have worked hard to meet the needs of our clients, supporting them with information, advice and guidance on all aspects of living with sight loss. Our helpline continues to receive in excess of 300 calls per month, and the Resource Centre remains busy.
Although we are now past the pandemic, we are aware that many of our clients remain isolated, having have lost their confidence going out, and we have increased our focus in the last year on social events, supporting some of the most isolated to attend peer support groups on a regular basis.
Our fundraiser has had some good successes over the past year, bringing in grant funding to support our core operations, and over the coming year we will be looking at how to increase our unrestricted income through individual giving and community events.
## **Plans for the Future**
Our key development priorities for the 2023-24 year include:
- Increase the reach of our services through the development of hubs across the county where people with sight loss can access local information, advice and guidance;
- Expand our provision of social opportunities for people with sight loss to help reduce the risk of isolation;
- Develop our monitoring and evaluation systems to enable us to better measure the outcomes and impact of our work on the lives of our clients;
- Explore opportunities for closer working with other local sight loss charities, to help improve our fundraising capacity, reduce our central costs and increase the exchange of key learning and good practice.
## **Financial Review**
Income and expenditure for 2022/23 were broadly in line with the budget set for the year by the Board.
However, we were helped during the year by a significant legacy, and the Board remain concerned about the ability of our fundraising to cover the ongoing costs of the charity.
As a result, the Board have been exploring a new partnership with a
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neighbouring sight loss charity, Sight Support West of England, which they believe could put the charity back on a sustainable footing, through shared management, fundraising and overhead costs. It is expected that this partnership will be in place by July 2023.
After careful consideration and recent agreement to proceed with this new partnership, the Board of Trustees now has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.
## **Charitable Funders and Supporters**
Insight Gloucestershire wishes to thank all its charitable funders and supporters, listed below for the year April 2022 – March 2023. As an independent charity we rely on the generosity of our supporters and the local community. Without their support we would not be able to deliver any of our valuable work providing local support for blind and partially sighted people in communities across Gloucestershire:
- A.N. McKechnie Foundation
- The Ammco Trust
- Arnold Clark
- The Barnwood Trust
- Cirencester Band
- Condon Family Trust
- D.G. Albright Charitable Trust
- Dent Brocklehurst Charitable Trust
- Douglas Arter Foundation
- Evans Adlard Charitable Trust
- Florence Shute Millennium Trust
- Gloucestershire County Council
- Gloucestershire Disability Fund
- Groundwork - One Stop
- H D H Wills 1965 Charitable Trust
- Jack Lane Charitable Trust
- Langtree Trust
- Lansdown Insurance
- Lennox Hannay Charitable Trust
- The National Lottery Community Fund
- NISA Making Locally
- Summerfield Charitable Trust
- The Gilbert Lane Trust
## **Reserves policy**
Total funds held at 31 March 2023 were £329,699, of which £41,175 to be were restricted in accordance with the donors’ wishes. A further £88,892 of unrestricted reserves are tied up in the capital assets of the charity,
Page 4
## namely the building in Cheltenham.
Our current level of unrestricted free reserves is therefore £199,632.
The Trustees are particularly aware of the need to take certain factors into account to cover fluctuations in income (principally legacies), current liabilities and unplanned expenditure. The target amount for contingency set by the charity is therefore six months’ operating costs, plus an amount of £50,000 to cover building repairs, and £25,000 for redundancy liability for longstanding employees. The level of free reserves is currently at the right level to meet these three potential liabilities.
The level of reserves has been set by the Board of Insight Gloucestershire taking into account the following:
- The smooth running of the charity, and the provision of core services to sight impaired clients, needs to be maintained. Funds should be available to continue to subsidise the provision of core services until alternative sources of funding can be found.
- If the charity were to close it would take a minimum of six months to find alternative and equivalent sources of support for our sight impaired clients across Gloucestershire.
- Funding should be available to deal with the contingencies which might arise in the day to day running of the organisation, including significant repairs to our building in Cheltenham which is showing signs of age.
- A number of costs would be associated with dissolution of the charity.
## **Structure, Governance and Management**
Insight Gloucestershire is a registered charity, controlled by its governing document, a constitution, last amended in September 2013.
The organisation is governed by a Board of Trustees. The Trustees do not receive any remuneration for their services to the charity.
In the event of the charity being wound up, the trustees have no liability to contribute to its assets.
Material decisions and policies and the approval of the Trustee's report and annual accounts are made by all of the Trustees. Day-to-day management of the charity is delegated to the General Manager who reports directly to
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the Board of Trustees.
## **Related Parties**
There were no material related party transactions with trustees or senior management.
## **Public Benefit**
The board of trustees confirm that they have complied with their duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit “Charities and Public Benefit”.
Insight Gloucestershire’s charitable objectives are enshrined within its articles and, as such, the Trustees ensure that this charter is carried out for the public benefit. This is done through the delivery of services which, whilst primarily aimed at those who are sight impaired are, where appropriate, open to all who might benefit.
Approved by the trustees on [date] and signed on their behalf by
Ann Lightfoot
Chair of Trustees
Date
Page 6
**Insight Gloucestershire**
**Independent Examiner's Report to the Trustees For the year ended 31 March 2023**
I report to the charity trustees on my examination of the accounts of Insight Gloucestershire for the year ended 31 March 2023.
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Louise Newman ACCA Louise Newman & Co Ltd
The notes form part of these financial statements
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2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
Date: .............................................
The notes form part of these financial statements
Page 8
**Insight Gloucestershire Statement of Financial Activities**
## **For the year ended 31 March 2023**
|
Unrestricted
fund
Restricted
fund
Notes
**Incoming Resources**
Donations And Legacies
133,104
84,852
Other Trading Activities
2
25,311
Investment Income
3
6,265
-
**Total Incoming Resources**
164,680
84,852
**Resources Expended**
**Raising Funds**
22,353
**Charitable Activities**
Support Costs
157,578
43,677
Other
22,968
-
**Total Resources Expended**
202,899
43,677
**Net Incoming/(Outgoing)**
**Resources**
(38,219)
41,175
Gain/ (Losses) On Investment
Assets
(20,376)
-
**Net Movement In Funds**
(58,595)
41,175
**Total Funds Brought Forward**
347,119
-
**Total Funds Carried Forward**
288,524
41,175
|31.3.23
3
Total
funds
£
217,956
25,311
6,265
249,532
1
22,353
201,255
22,968
246,576
2,956
(20,376)
(17,420)
347,119
329,699|1.3.22
Total
funds
£
127,014
19,432
5,966
52,412
21,924
181,653
22,348
229,925
(73,513)
25,976
(47,537)
394,656
347,119|
|---|---|---|
The notes form part of these financial statements
Page 9
## **Insight Gloucestershire**
## **Balance Sheet**
## **For the year ended 31 March 2023**
|Unrestricted
funds
Notes
**Fixed Assets**
Tangible Assets
-
Investments
5
150,256
150,256
**Current Assets**
Stock
2,334
Prepayment And Accrued Income
3,685
Cash At Bank
47,039
53,058
**Creditors**
Amounts Falling Due Within One
Year
6 (3,682)
**Net Assets**
49,376
**Total Assets Less Current Liabilities**
199,632
**Net Assets**
199,632
**Funds**
7
Unrestricted Funds
199,632
**Total Funds**|31.3.23
31.3.22
Restricted
funds
Total
funds
Total
funds
£
£
88,892
88,892
88,892
-
150,256
170,632
88 ,892
239,148
259,524
-
2,334
2,334
-
3,685
4,277
41,175
88,214
83,574
41,175
94,233
90,185
-
(3,682)
(1,000)
41,175
90,551
87,595
130,067
329,699 347,119
130,067
329,699 347,119
130,067
329,699
347,119
329,699
347,119|
|---|---|
|||
The financial statements were approved by the Board of Trustees on date and were signed on its behalf by:
A Lightfoot (Chair)
The notes form part of these financial statements
Page 10
**Insight Gloucestershire**
## **Notes to the Financial Statements**
## **For the year ended 31 March 2023**
## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
The notes form part of these financial statements
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## **Insight Gloucestershire**
## **Notes to the Financial Statements (continued)**
## **For the year ended 31 March 2023**
|**2.**|**Other Trading Activities**|||
|---|---|---|---|
|||31.3.23|31.3.22|
|||£|£|
||Equipment Sales|23,605|17,312|
||200 Club|1,706|2,120|
|||25,311|19,432|
|**3.**|**Investment Income**|||
|||31.3.23|31.3.22|
|||£|£|
||Investment Income|6,265|5,966|
## **4. Trustees' Remuneration And Benefits**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **5. Fixed Asset Investments**
|**Fixed Asset Investments**||
|---|---|
||Listed|
||investments|
|**Market Value**|£|
|At 1 April 2022|170,632|
|**Provisions**||
|Increase /(Reduction) in Market Value|(20,376)|
|**Net Book Value**||
|At 31 March 2023|150,256|
|At 31 March 2022|170,632|
## There were no investment assets outside the UK.
The notes form part of these financial statements
Page 12
**Insight Gloucestershire**
## **Notes to the Financial Statements (continued)**
## **For the year ended 31 March 2023**
## **6. Creditors: Amounts Falling Due Within One Year**
||||31.3.23|31.3.22|
|---|---|---|---|---|
||||£|£|
|Trade Creditors||||(20)|
|Social Security and other Taxes|||2,829|1,543|
|Pension|||853|1,067|
|**Movement In Funds**|||||
||||Net||
|||At 1.4.22|movement|At 31.3.23|
||||in funds||
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||347,119|(17,420)|329,699|
|**Total Funds**||347,119|(17,420)|329,699|
|Net movement in funds, included in the above are as follows:|||||
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|249,532|(246,576)|(20,376)|(17,420)|
|**Total Funds**|249,532|(246,576)|(20,376)|(17,420)|
## **7. Movement In Funds**
The notes form part of these financial statements
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## **Insight Gloucestershire**
## **Notes to the Financial Statements - continued**
## **For the year ended 31 March 2023**
|31.3.23
£
**Income And Endowments**
**Donations and Legacies**
Donations
20,208
Gift aid
1,351
Legacies
80,000
Grants
116,397
**217,956**
**Other Trading activities**
Equipment Sales
23,605
200 Club
1,706
**25,311**
Investment Income
6,265
**Total incoming resources**
**249,532**
**Resources Expended**
**Raising Funds**
Administration
22,353
**Charitable Activities**
Payroll Costs
47,377
Social Security
8,115
Insurance
2,244
Rates
494
Light and Heat
3,274
Cleaning
5,136
Bank Charges
683
Newsletter
2,084
Support Salaries
100,189
Subscriptions
40
Property Maintenance
11,001
Sundries
1,684|31.3.22
£
13,748
1,880
111,385
**127,014**
17,312
2,120
**19,432**
5,966
**152,412**
21,924
60,246
3,037
2,281
2,656
2,088
2,694
623
6,941
75,295
182
1,782
3,056|
|---|---|
This page does not form part of the statutory financial statements
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|Depreciation||1,436|
|---|---|---|
|Computer Costs|18,934|19,336|
||**201,255**|**181,653**|
|**Other Trading Activities**|||
|Equipment for Sale|16,855|17,086|
|200 Club|390|420|
|Accountancy and legal fees|1,138|1,089|
|Pensions|4,585|3,753|
|**Total**|**22,968**|**22,348**|
|**Net income before gains and losses**|2,956|(73,513)|
|**Unrealised recognised gains and losses**|||
|Unrealised (losses) on fixed asset investments|(20,376)|25,976|
|**Net expenditure**|(17,420)|47,537|
This page does not form part of the statutory financial statements
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