2023-03-31-accounts - The Cardiff Institute For The Blind, Incorporated

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					Page
Trustees' annual report (incorporating		the	director's	report)
independent auditor's	report to the members				10
Statement offinancial	activities (including		income and
expenditure account)					14
Statement offinancial	position				15
Statement ofcash flows
Notes to the financial	statements				17

			2023	2023		2022
		Unrestricted	Restricted	Endowment
	Note	funds E	funds E	funds E	Totalfunds r	Total funds f
Income and endowments
Donations and legacies	5	116,635	111,460		228,095	295,372
Charitable activities	6	233,260			233,260	139,509
Other trading activities	7	13,840			13,840
Total income		363,735	111,460		47S,19S	434,881
Expenditure
Expenditure on raising funds:
Costs ofraising
donations and
legacies	8	16,023			16,023	12,163
Expenditure on
charitable activities	9,10	400,506	121,028		521,534	388,327
Total expenditure		416,529	121,028		537,557	400,490
Gains on impairment
reversal	12	152,084			152,084
Net income		99,290	(9,568)		89,722	34,391
Transfers between funds		80,984	(80,984)
Net movement in funds		180,274	(90,552)		89,722	34,391
Reconciliation offunds
Total funds broughtforward		1,231,572	200,515	1,119	1,433,206	1,398,815
Total funds carried forward		1,411,846	109,963	1,119	1,522,928	1,433,206

31Nafch 2023
			2023	2022
		Note	5	E
Fixed assets
Tangible fixed assets		18	1,2'l8,711	1,093,080
Cunent assets
Stocks		19	4,504	7,878
Debtors		20	99,109	150;784
Cash at bank and in	hand		523;919	374,879
			827,532	533,521
CIedftors: amounts	falling due within one year	21	(121,315)	(124,384)
Net cunent assets			506„217	409,137
Total assets less current llabgities			1,722,928	1,502,217
'Creditors: amounts	falling due after more than one year	22	(2oo,ooo)	(80,011)
Net assets			1,522,928	1,433,205
Funds ofthe charity
Er(dowment funds			1;119	1,119
Restricted funds			109,963	200,515
Unrestricted funds			1,411,846	1,231,572
Total charity funds		24	1,522,926	1,433,206

Year ended 31 March	2	02	3
					2023	2022
					6	r
Cash flows from operating		activities
Net income					89,722	34,391
Adjustments fori
Depreciation oftangible fixed		assets			31,222	25,832
Impairment oftangible fixed	assets				(152,084)
Gains on impairment reversal					(152,084)
Interest payable and similar	charges				5,564	6,563
Accrued (income)/expenses					(26,820)	56,983
Changes in:
Stocks					3,375	(208)
Trade and other debtors					51,654	80,096
Trade and other creditors					154,739	(108,935)
Cash generated from operations					5,288	94,722
Interest paid					(5,564)	(6,563)
Net cash (used in)/from operating			activities		(276)	88,159
Cash flows from investing	activities
Purchase oftangible assets					(2,768)	(18,912)
Proceeds from sale ofother	investments				152,084
Net cash from/(used in) investing			activities		149,316	(18,912)
Net increase in cash and cash			equivalents		149,040	69,247
Cash and cash equivalents		at beginning		ofyear	374,879	305,632
Cash and cash equivalents		at end ofyear			523,919	374,879

Ye	ar ended 3	1 March 2023	1 March 2023
5.	Donations	and legacies
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2023
							F	E	E
	Donations
	Donations						23,197		23,197
	Legacies
	Legacies
	Grants
	RNIB grant						93,438		93,438
	The National		Lottery Community		Fund			47,667	47,667
	Other grant	income						63.793	63,793
							116,635	111,460	228,095
							Unrestricted	Restricted	Total Funds
							Funds 8	Funds F	2022 f
	Donations
	Donations						80,253		80,253
	Legacies
	Legacies						45,500		45,500
	Grants
	RNIB grant						107,717		107,717
	The National Lottery Community				Fund
	Other grant	income						61,902	61,902
							233,470	61,902	295,372
6.	Charitable	activities
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds E	2023	Funds	2022 f
	Resource centre sales					3,907	3,907	1,980	1,980
	Income from non-investment			property
	in furtherance		ofthe charity's	objects		87,107	87,107
	Local Authority		contract income			92,656	92,656	93,648	93,648
	Cardiff &Vale		Health Board	-	ECLO
	Services					40,000	40,000	40,000	40,000
	Income from groups and other core
	income					7,720	7,720	2,481	2,481
	Room / studio		hire for charitable		users	1,870	1,870	1,400	1,400
						233,260	233,260	139,509	139,509

			Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E	E	E
	Fundraising	events		13,840	13,840
8.	Costs of raising donations		and legacies
			Unrestricted		Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E	E
	Costs of raising donations		and
	legacies			16,023	16,023	12,163	12,163
9.	Expenditure	on charitable	activities by fund	type
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					E	E	E
	Equip People with Sight Loss				304,882	121,028	425,910
	Support costs				95,624		95,624
					400,506	121,028	521,534
					Unrestdcted	Restdcted	Total Funds
					Funds	Funds	2022
					E	E	E
	Equip People	with Sight Loss			157,130	86,129	243,259
	Support costs				145,068		145,068
					302,198	86,129	388,327

Expenditure on charitable activitie	s by activity type
	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2023	2022
	E	E	E	E
Equip People with Sight Loss	425,910	86,233	512,143	381,487
Governance costs		9,391	9,391	6,840
	425,910	95,624	521,534	388,327

Analysis of	support costs
		Analysis of
		support costs	Total 2023	Total 2022
			6	E
Staffcosts		69,179	69,179	84,330
General office		17,054	17,054	53,898
Governance	costs	9,391	9,391	6,840
		95,624	95,624	145,068

Net g	ain	s on invest	ments
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
					6	F	E
Gain	on	impairment	reversal	152,084	152,084

				2023	2022
				E
	Depreciation		oftangible fixed assets	31,222	25,832
14.	Auditors	remuneration
				2023	2022 f
	Fees payable		for the audit ofthe financial statements	9,360	6,840

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2023	2022
			6	E
Wages and salaries			328,636	275,059
Social secudity costs			25,217	22,794
Employer contributions	to pension	plans	12,278	10,853
			366,131	308,706

18.	Tangible fixe	d	assets
					Freehold	Fixtures and
					property	fittings	Equipment	Total
					8			6
	Cost
	At 1 April 2022				1,920,170	22,588	18,912	1,961,670
	Additions						2,768	2,768
	At 31 March	2023			1,920,170	22,588	21,680	1,964,438
	Depreciation
	At 1 April 2022				846,002	22,588		868,590
	Charge for the		year		26,253		4,969	31,222
	Reversal ofimpairment			losses	(152,085)			(152,085)
	At 31 March	2023			720,170	22,588	4,969	747,727
	Carrying amount
	At 31March	2023			1,200,000		16,711	1,216,711
	At 31 March 2022				1,074,168		18,912	1,093,080
19.	Stocks
							2023	2022
								F
	Raw materials		and consumables				4,504	7,878
20.	Debtors
							2023	2022
							6	E
	Trade debtors						710
	Amounts owed		by group	undertakings				143,324
	Prepayments	and accrued income					3,054	7,349
	Other debtors						95,345	91
							99,109	150,764

Creditors: amounts falling due within one year
	2023	2022
	6	8
Trade creditors	7,070
Accruals and deferred income	30,163	56,983
Social security and other taxes	7,668
Other creditors	76,414	67,401
	121,315	124,384

Analysis of	Analysis of	charitab	le funds
Unrestricted		funds
			At 1				Gains and	At 31
			Apr 2022	Income f	Expenditure 5	Transfers 5	losses	Mar 2023 6
General funds			274,299	363,735	(380,802)	6,916		264,148
Designated Fixed Asset		funds: Fund	1,093,080		(31,223)	2,768	152,084	1,216,709
Pension
Cessation	Fund		(135,807)		(4,504)	71,300		(69,011)
			1,231,572	363,735	(416,529)	80,984	152,084	1,411,846
			At 1				Gains and	At 31
			Apr 2021	Income	Expenditure	Transfers	losses	Mar 2022
				5	5
General funds			202,111	372,979	(281,879)	(18,912)		274,299
Designated		funds
Fixed Asset		Fund	1,100,000		(25,832)	18,912		1,093,080
Pension
Cessation	Fund		(200,457)		(6,650)	71,300		(135,807)
			1,101,654	372,979	(314,361)	71,300		1,231,572

Restricted funds
	At 1				Gains and	At 31
	Apr 2022	Income	Expenditure	Transfers	losses	Mar 2023
	6	F	F		6	6
AMBU Changing
for The Better	10,678		(10,678)
Macular Group RNIB Grant-	3,038		(3,038)
Pension
Cessation liability	142,600			(71,300)		71,300
Hedley
Foundation Sonic
2 Players	46		(46)
Beautifully Blind:
Makeup
Application	6,924		(6,924)
Sight Life Groups
and Tech Support	(316)			316
Cardiff Winter
Pressures Fund	45		(45)
Thrive and
Survive	37,500	12,500	(50,000)
Clothworker
Foundation People's Post		10,000		(10,000)
Code Lottery		25,000	(17,084)			7,916
Vision Impaired
West Glam SCVS C3SC		5,000 9,793 1,500	(5,000) (9,793) (1,500)
The National
Lottery		47,667	(16,920)			30,747
	200,515	111,460	(121,028)	(80,984)		109,963

						At
	At				Gainsand	31 Mar202
	1 Apr 2021	Income	Expenditure	Transfers	losses	2
			E			F
AMBU Changing for The Better	10,678					10,678
New Places, New
Experiences	68,346		(68,346)
Macular Group	3,118		(80)			3,038
RNIB Grant-
Pension
Cessation liability	213,900			(71,300)		142,600
Hedley
Foundation Sonic
2 Players		2,475	(2,429)			46
Beautifully Blind:
Makeup
Application		10,000	(3,076)			6,924
Sight Life Groups and Tech Support		6,929	(7,245)			(316)
Cardiff Winter
Pressures Fund		4,998	(4,953)			45
Thrive and
Survive		37,500				37,500
Clothworker
Foundation
People's Post
Code Lottery
Vision Impaired
West Glam
SCVS
C3SC
The National
Lottery
	296,042	61,902	(86,129)	(71,300)	—	200,515

Endowment
	At 1				Gains and	At 31
	Apr 2022	Income	Expenditure	Transfers	losses	Mar 2023
	E	E	F	E	E
Shand Memorial
fund	1,119					1,119
	At 1				Gains and	At 31
	Apr2021	Income	Expenditure	Transfers	losses	Mar 2022
				E		K
Shand Memorial
fund	1,119					1,119

25.	Analysis	ofnet a	sse	ts between fun	ds
					Unrestricted	Restricted	Endowment	Total Funds
					Funds	Funds	Funds	2023
						F		5
	Tangible	fixed assets			1,216,711			1,216,711
	Current	assets			516,451	109,962	1,119	627,532
	Creditors	less than	1	year	(121,315)			(121,315)
	Creditors	greater than		1 year	(200,000)			(200,000)
	Net assets				1,411,847	109,962	1,119	1,522,928
					Unrestricted	Restricted	Endowment	Total Funds
					Funds	Funds	Funds f	2022
	Tangible	fixed assets			1,093,080			1,093,080
	Cunent	assets			331,887	200,515	1,119	533,521
	Creditors	less than	1	year	(124,384)			(124,384)
	Creditors	greater than		1 year	(69,011)			(69,011)
	Net assets				1,231,572	200,515	1,119	1,433,206
26.	Analysis	ofchanges		in net debt
								At
					At	1 Apr 2022	Cash flows	31 Mar 2023
						F		6
	Cash at	bank and	in hand			374,880	149,039	523,919