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|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|
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||||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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|||
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||||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|
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|Endowment|funds|||||||
|---|---|---|---|---|---|---|---|
|||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|
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|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|
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