OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-09-30-accounts

Charity Registration No. 222798

Company Registration No. 00654873 (England and Wales)

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

A COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs G Bounds (Deputy Chair) Mrs J Collins Mrs M Guppy * Mr M Scanlan Mrs N Ditchfield * Mr R Phillips Mrs S Turnham * Mr T Roberts Mr F Mcfarlane (Chairperson) * Mr R Robinson Mr J Dawson (Treasurer) * Mr M Hughes-Paton * Chief Executive Mr P Longworth MBA * (resigned September 2021) Secretary Mr P Barrow Charity number 222798 Company number 00654873 Registered office The Bradbury Centre Youens Way Liverpool L14 2EP Auditor BWM Suite 5.1 12 Tithebarn Street Liverpool L2 2DT Bankers Barclays Bank Plc Liverpool Branch 48B - 50 Lord Street Liverpool L2 1TD

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE CONTENTS

Page
Trustees' report 1 - 7
Statement of trustees' responsibilities 8
Independent auditor's report 9 - 12
Statement of financial activities 13 - 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 34

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

The trustees present their report and financial statements for the period ended 30 September 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association , the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016) .

Objectives and activities

Our Vision is:

A world in which those people living with sensory loss can flourish .

Our Mission is to:

Enhance the quality of life and promote the health and wellbeing of people living with sensory loss .

The specific activities to help deliver the above are:

To provide a range of advice and rehabilitation services for blind and partially sighted people

To provide a range of opportunities to support blind and partially sighted people to access health, wellbeing, leisure and daily living services

To provide better services for the prevention of blindness for blind and partially sighted people by campaigning both locally and nationally

The strategies employed to achieve the charity's objectives during the year were to: -

  1. Secure long-term funding from local authorities/Health bodies

  2. Promote volunteering across the organisation

  3. Promote legacies and trusts

  4. Maximise the income potential of the Bradbury Centre

The trustees have referred to the advice contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives, and when planning future activities. The trustees have given particular consideration to the specific public benefit guidance relating to the advancement of health, and the relief of those in need by reason of disability.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Achievements and performance

This 18 month period, we have continued to offer a first-class service to our many service users, albeit in the face of increasingly tight financial circumstances. These, of course, have been exacerbated by the onset of the Covid-19 pandemic and its subsequent national lockdown.

We have done this through providing support at the point of diagnosis within our hospitals; through the Sessional Rehabilitation Support in teaching new skills and encouraging confidence building; through the delivery of Active Vision Social Clubs and providing both individual and group support through our Be Active service to break the sense of isolation and loneliness.

Our emphasis always is around health and wellbeing support.

In early 2020, we saw a massive reduction in community fundraising and attendance fees which we believe now to have been attributable to early anxieties and concerns relating to the pandemic. All of this put phenomenal pressures on cashflow and we had to withdraw a significant monies from reserves to ease these pressures. We were extremely concerned about the continued loss of all, but contracted income, from lockdown on 23rd March 2020 and needed to secure additional funding to stabilise the organisation.

The fact that we have been able still to provide such excellent services is due in a large part to the wonderful support we have received from several trusts. Particular thanks go to The Steve Morgan Foundation which gave magnificent financial support of £114,317 throughout the 2020/21 period which helped continue to cover staff costs and develop new approaches to service delivery and to continue to provide and develop much needed services at this time. Also our thanks go to the Thomas Pocklington who donated funds to help support core costs through the lockdown and restriction periods. We continue to have a superb relationship with West Derby Wastelands and again thank them for their support.

We also received £18,748 from the Peoples’ Postcode Lottery which has helped us to strengthen our services for those who live with dual sensory loss. This fund was to help us recruit and train volunteers to be able to offer appropriate support for these service users to enable them to engage more easily within society. Whilst this has proved to be difficult over the past eighteen months, we were able to develop a virtual training course which is proving to be really successful. The Merseyside Community Foundation through the Liverpool Community Fund also offered £16,232 to support our technical works during the lockdown and restriction periods.

Additionally, a collective thank you goes to all of our other funders who have helped us maintain Bradbury Fields

through this challenging period your support is immense.

Key partners including Liverpool City Council and Knowsley Council have, through their commissioners been extremely supportive during the period, which has enabled us to continue to meet the requirements of our statutory contracts.

Whilst fundraising has been a key challenge during the period we would like to thank all of those people who engaged in the online Virtual fundraising challenges, those who supported our first online Christmas Draw.

The continued support of the corporate sector, not least of which is the Premier Business network Group who have undertaken individual sponsorship challenges, secured some new technology for us, helped recruit new volunteers to help with our work and where possible offered amazing rates to undertake some work for us when required.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Our main activities and statistical outcomes of these activities are reflected in the annual summary of performance indicated below which indicate that even through these adverse times we have been in contact with more Blind and Partially Sighted people as we committed to trying to talk to everyone on the register during lockdowns to see if they needed any practical support as they negotiated these uncertain times:-

Performance indicators:

From the start of April 2020, one week after the country went into lockdown, over 8000 telephone calls were made to people on the databases in both Liverpool and Knowsley to check on the welfare of service users and offer support to those identified as most in need.

17 dedicated volunteers undertook a mixture of weekly food and other essential shopping, collection of prescriptions and weekly check in and chat calls to those most isolated and in need of regular contact. We linked in with other charitable organisations who were able to deliver food parcels to those who had no support throughout lock down.

Over 3000 people have been supported emotionally and practically through our Eye Clinic Liaison Services – most over the telephone but including completion of Certificates of Vision Impairment

Following the setting up of a number of chat rooms an average of 85 service users per week have attended them.

We have carried out 890 assessments being a mixture of some done over the phone when face to face visits were not allowed and some done face to face following the lifting of restrictions.

1,368 items of equipment have been issued across Liverpool and Knowsley.

87 people have received support from our Welfare Benefits Team, securing total annual income of £328,923.80

We have helped 32 children with registration and or benefits.

This year the highest number of people attending clubs in any one week was 76 We have provided awareness training for 104 people, 96 of whom stated the session was very good.

The fact that we do so much is due in no small part to the fabulous staff and volunteers we have, and the board of Trustees would like to thank all those who work for us either as paid staff or volunteers. We want them to know how hugely valued they are by the Board of Trustees and, indeed, by our service users.

Local visually impaired people can rest assured that our priority is to do what we can to improve their lives.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Financial review

There was a surplus for the 18 month period of £ 156,575 compared with a deficit of £ 79,055 in 2020 (12 month period).

Income for the period of £ 1,573,349 was £ 555,223 higher compared to last year. This increase was mainly due to the accounting period being extended to 18 months but also increased funding received from local authorities and donations due to Covid.

The decrease in income from trading activities has been caused by the Covid lockdowns which meant these areas could not function for most of the period.

Expenditure for the period of £ 1,416,774 is £ 319,593 higher than last year . Again, the main reason for the increase is due to the accounting year being extended.

As a result of these movements, funds held at the year end totalled:

Unrestricted fund £1,063,158
Restricted fund £13,655

The key figures are shown below comparing the period ended 30 September 2021 with those figures from the previous accounting year to 31st March 20 20 .

2021 2020
£ £
Income 1,573,349 1,018,126
Expenditure 1,416,774 1,097,181
Surplus/(deficit) 156,575 (79,055)
Bank & cash 217,238 47,586
Net assets 1,076,813 920,238

Reserves policy

The trustees overall aim of the reserves policy is to cover total expenditure for a period of three months which is predominantly to cover salary costs and also to cover ad-hoc maintenance and capital expenditure which occurs outside of board approved budgeted costs.

Although the balance sheet shows that there were total unrestricted funds of £1,063,158 at 30 September 2021, £880,090 of this represents unrestricted fixed assets and investments, none of which is available to the trustees to defer ongoing running costs. This leaves £183,068 free expendable reserves which equates to approximately 2.5 months of unrestricted expenditure.

Fundraising Approach

Members of Bradbury Fields’ fundraising department organise fundraising events and co-ordinate the activities of our supporters both in the organisation and the wider community. We do not use professional fundraisers or involve commercial participators. There have been no complaints about fundraising activity this year.

We ensure our staff and volunteers comply with fundraising and other regulatory bodies’ legislation and best practice, including The Fundraising Regulator, Institute of Fundraising, Charity Commission and the Gambling Commission.

Our staff and volunteers receive training and attend courses and have regular support and supervision meetings with line managers.

All direct marketing is undertaken by the fundraising department to ensure that it is not unreasonably intrusive or persistent. All marketing material contains clear instructions on how a person can be removed from mailing lists.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are put in place to provide reasonable assurance against fraud and error. This is overseen by the organisation’s Finance Sub Committee and Governance and Audit Sub Committee.

Plans for the future

A key part of our work this year has been exploring how we may work with a key partner of ours – The Catholic Blind Institute. After establishing a task and finish group made up of trustees from both Boards and the Chief Executives a recommendation was made to both boards in June, 2021 to agree in principle to a merger of the organisations. This was accepted and the appropriate resolutions were passed to enable due diligence processes and consultations with stakeholders to be undertaken. This workstream was completed over the summer of 2021 and both Boards of Trustees approved the merger and signed the appropriate legal transfer documentation to finalise the merger on 1st October 2021.

Objectives – Agreed Post Coronavirus

To work with partners to make best use of available resources so as to protect frontline service delivery in the context of possible further austerity measures being introduced.

Continue to measure the real impact that we are having on peoples’ lives as a way of promoting the work that we do.

To identify the emerging and future needs of our services users and staff following the COVID19 lockdown determining the impacts upon mental health and use of Information technology.

To identify and secure emergency funding to support new adjustments to models of service delivery, core functions and cashflow pressures during the pandemic.

To re-appraise the financial viability of Bradbury Fields in the context of a revised income generation strategy. To undertake a premises review.

Whilst this year has been challenging and the current year is bringing with it significant challenges, the Trustees, and our amazing staff have adapted phenomenally well in adjusting the way in which they all undertake their various duties and we look forward to a stronger future by working together with the Catholic Blind Institute as a merged charity with the Bradbury Fields name being used as the community services division of the Catholic Blind Institute. This merged charity remains committed to developing and delivering the best possible services and support to the individuals and communities we serve.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Structure, governance and management

Bradbury Fields-Services for Blind and Partially Sighted People is a registered charity, incorporated as a company limited by guarantee. The charity registration number is 222798 and the company registration number is 00654873 .

The charity has a wholly owned trading subsidiary, Bradbury Fields Trading Ltd .

The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:

Mrs G Bounds (Deputy Chair)*

Mrs J Collins Mrs M Guppy * Mr M Scanlan* Mrs N Ditchfield * Mr R Phillips Mrs S Turnham * Mr T Roberts Mr F Mcfarlane (Chairperson) * Mr R Robinson Mr J Dawson (Treasurer) * Mr M Hughes-Paton * Mr I Mitchell * (Resigned 14 April 2021) Ms Gill Wilson (Appointed 8 January 2021 and resigned 27 April 2021)

Recruitment and appointment of new trustees

As set out in the Articles of Association the trustees may appoint one of their number to the Chair. One third of the trustees shall retire annually by rotation but may be reappointed. All members are circulated with invitations to nominate trustees prior to the Annual General Meeting (AGM) advising them of the retiring trustees. When considering the appointment of trustees, the Board has regard to the requirement for any specialist skills needed. The trustees may at any time co-opt any person duly qualified to be appointed as a trustee to fill a vacancy in their number or as an additional trustee, but a co-opted trustee holds office only until the next AGM.

Induction and training of new trustees

Potential trustees attend meetings of the Board for a period to enable them to meet existing trustees and to become familiar with the committee and decision-making processes, the business plan and recent financial performance of the charity. During this time, they are also made aware of their legal obligations under charity and company law and the content of the Memorandum and Articles of Association before being formally appointed.

Organisational structure

The charity is administered by a Board of trustees, which should be not less than five members but (unless otherwise determined by ordinary resolution) shall not be subjected to any maximum. The Board meets at least quarterly and there is a finance sub-committee. A Chief Executive is appointed by the trustees to manage the dayto-day operations of the charity. To facilitate effective operations, the Board has delegated authority to the Chief Executive for all operational matters including finance, training and employment, production, retailing and logistics. The organisation also has a Finance Sub Committee and Governance and Audit Sub Committee in place.

Remuneration policy

In 2013, our salary scales were initially paid based upon the National Joint Council NJC scales recognised for this industry. However, since then, there has been a divergence due to the charity only being able to make pay awards in line w ith its financial position.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Related parties

The trustees are diligent at the appointment stage, in their approach to the recruitment of trustees and the declarations and potential conflicts of interest. Furthermore, the charity has a policy to update and amend any subsequent changes to trustee and management declarations of interest so as to clearly identify potential third party relationship risks. Our relationships with third party organisations is discussed, approved and monitored at board level with appropriate Memorandums or contractual arrangement being put in place. Where required, additional professional and legal advice is taken. The Trading Company has its own independent board of Directors and where necessary declarations of interests are stated.

Auditor

In accordance with the company's articles, a resolution proposing that BWM be reappointed as auditor of the charity will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board of trustees

Mrs G Bounds (Deputy Chair)* Trustee Dated: 3 May 2022

Mr R Robinson Trustee Dated:3 May 2022

**Mr J Dawson (Treasurer) *** Trustee Dated:3 May 2022

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

The trustees, who are also the directors of Bradbury Fields-Services for Blind and Partially Sighted People for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

Opinion

We have audited the financial statements of Bradbury Fields-Services for Blind and Partially Sighted People (the ‘charity’) for the period ended 30 September 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) .

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the d irectors ' r eport included within the trustees' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

The extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

W e assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: http s :// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Peter Taaffe FCA CTA DChA (Senior Statutory Auditor) for and on behalf of BWM

19 May 2022

Chartered Accountants Statutory Auditor

Suite 5.1 12 Tithebarn Street Liverpool L2 2DT

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Current financial year
Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
341,868
83,465
Charitable activities
4
1,137,731
-
Other trading activities
5
9,102
-
Investments
6
1,183
-
Other income
7
-
-
Total income
1,489,884
83,465
Expenditure on:
Raising funds
8
103,532
-
Charitable activities
9
1,226,292
86,950
Total expenditure
1,329,824
86,950
Net movement in funds
160,060
(3,485)
Fund balances at 1 April 2020
903,098
17,140
Fund balances at 30 September 2021
1,063,158
13,655		 Total
2021
£
425,333
1,137,731
9,102
1,183
-
1,573,349
103,532
1,313,242
1,416,774
156,575
920,238
1,076,813		 Total
2020
£
142,714
792,834
76,433
1,072
5,073
1,018,126
115,025
982,156
1,097,181
(79,055)
999,293
920,238

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing activities.

The movement in funds detailed above complies with the requirements for a statement of changes in equity and FRS 102.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Prior financial year
Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
75,914
66,800
Charitable activities
4
792,834
-
Other trading activities
5
76,433
-
Investments
6
1,072
-
Other income
7
5,073
-
Total income
951,326
66,800
Expenditure on:
Raising funds
8
115,025
-
Charitable activities
9
891,991
90,165
Total expenditure
1,007,016
90,165
Net movement in funds
(55,690)
(23,365)
Fund balances at 1 April 2018
958,788
40,505
Fund balances at 31 March 2019
903,098
17,140		 Total
2020
£
142,714
792,834
76,433
1,072
5,073
1,018,126
115,025
982,156
1,097,181
(79,055)
999,293
920,238

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 30 SEPTEMBER 2021

Notes
Fixed assets
Intangible assets
14
Tangible assets
15
Investments
16
Current assets
Stocks
18
Debtors
20
Cash at bank and in hand
Creditors: amounts falling due within
one year
21
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
23
Unrestricted funds		 2021
£
£
10,670
869,320
100
880,090
1,175
25,253
217,238
243,666
(46,943)
196,723
1,076,813
13,655
1,063,158
1,076,813		 2020
£
£
-
899,151
100
899,251
1,175
15,536
47,976
64,687
(43,700)
20,987
920,238
17,140
903,098
920,238

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 April 2022

Mrs G Bounds (Deputy Chair) Mr R Robinson Mr J Dawson (Treasurer) * Trustee Trustee Trustee Company Registration No. 00654873*

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
27
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period		 2021
£
(13,800)
(21,213)
1,181		 £
203,094
(33,832)
-
169,262
47,976
217,238		 2020
£
-
(10,048)
1,073		 £
(60,647)
(8,975)
-
(69,622)
117,598
47,976

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1 Accounting policies

Charity information

Bradbury Fields-Services for Blind and Partially Sighted People is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The registered office address is The Bradbury Centre, Youens Way, Liverpool, L14 2EP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements do not incorporate the results, assets and liabilities of the charity's wholly owned subsidiary, Bradbury Fields Trading Limited. Consolidated accounts have not been prepared as these would not be materially different from the single entity financial statements as presented.

1.2 Going concern

The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the charity's operations and assets will merge with those of the Catholic Blind Institute on 1 October 2021. The combined entity will have adequate resources to continue in operational existence for the foreseeable future.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1 Accounting policies

(continued)

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from donations and grants, including capital grants, is included in income when these are receivable, except as follows:

When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in income until the preconditions for use have been met.

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included as restricted funds when receivable.

Voluntary income includes discretionary grants for projects, goods and services where no service agreement or contract exists.

Other grants, which have particular service requirements and which are provided in accordance with a contract or service level agreement are included in the Statement of Financial Activities under the heading Charitable Activities.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

1.5 Expenditure

Expenditure reflects all amounts paid and accrued during the year. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. All costs are allocated between the expenditure categories of the Statement of Financial Activities (SOFA) on a basis designed to reflect the use of the resource.

Raising funds

The se include staff costs for fundraising employees and the operation of the charity's merchandise shop and bistro.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are allocated across the activities on the basis of expenditure incurred for each of the activities.

Governance costs

These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1 Accounting policies

(continued)

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intangibles

over 5 years

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings over 100 years Building improvements over 100 years Fixtures and fittings 5% straight line Office equipment 25% straight line Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell .

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1 Accounting policies

(continued)

1.12 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.13 Taxation

The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Recovery is made of tax deducted from qualifying income and from receipts under Gift Aid.

1.14 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1 Accounting policies

(continued)

1.16 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The accounting estimate for depreciation has been revised during the year after a review of the useful economic life of a number of the assets.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
290,422
83,465
Legacies receivable
4,730
-
Grant income
46,716
-
341,868
83,465		 TotalUnrestricted
funds
2021
2020
£
£
373,887
73,391
4,730
2,523
46,716
-
425,333
75,914		 Restricted
funds
2020
£
66,800
-
-
66,800		 Total
2020
£
140,191
2,523
-
142,714

4 Charitable activities

Unrestricted Unrestricted
2021 2020
£ £
Sales within charitable activities 2,537 5,618
Services provided under contract 986,178 637,928
Charitable rental income (including management charges) 129,259 91,697
Club income 19,757 57,591
1,137,731 792,834

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

5 Other trading activities

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Merchandise income 3,445 12,171
Bistro income 5,657 64,262
Other trading activities 9,102 76,433
Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Interest receivable 1,183 1,072
Other income
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Other income - 5,073

6 Investments

7 Other income

Other income consists of a management charge to the trading subsidiary of £nil (2020: £5,073).

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

8 Raising funds

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising and publicity
Staff costs 36,893 23,676
Trading costs
Operating charity shops 3,118 9,921
Bistro costs 1,652 26,713
Bistro staff costs 61,869 54,715
Trading costs 66,639 91,349
103,532 115,025

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

9 Charitable activities

Staff costs
Depreciation and impairment
Repairs and maintenance
Clubs costs
Travel costs
Advertising and subscriptions
Insurance and utilities
Office costs
Meeting expenses
Other costs
Shared services costs
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds
For the period ended 31 March 2020
Unrestricted funds
Restricted funds		 2021
£
677,541
54,176
179,793
14,104
9,142
4,595
43,598
35,763
219
3,030
132,695
1,154,656
128,463
30,123
1,313,242
1,226,292
86,950
1,313,242		 2020
£
448,174
31,918
106,959
41,433
20,345
4,228
46,006
20,612
1,751
23,034
119,092
863,552
103,381
15,223
982,156
891,991
90,165
982,156

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

10
Support costs
Support
costs
Governance
costs
£
£
Staff costs
128,463
-
Audit fees
-
8,000
Accountancy
-
6,430
Legal and professional
-
15,693
128,463
30,123
Analysed between
Charitable activities
128,463
30,123		 2021
£
128,463
8,000
6,430
15,693
158,586
158,586		 Support
costs
Governance
costs
£
£
103,381
-
-
6,000
-
4,308
-
4,915
103,381
15,223
103,381
15,223		 2020
£
103,381
6,000
4,308
4,915
118,604
118,604

Both support and governance costs have been reallocated to charitable activities.

11 Auditor's remuneration

The analysis of auditor's remuneration is as follows:
Fees payable to the charity's auditor:
Audit of the charity's annual accounts
Non-audit services
All other non-audit services		 2021
£
8,000
6,430		 2020
£
6,000
4,308

12 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period (2020: none) . None of the trustees (2020: none) were reimbursed expenses during the period.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

13 Employees

Number of employees

The average monthly number of employees during the period was:

Charitable activities
Fundraising
Catering
Administration
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.
The above figures represent an 18 month period (2020: 12 month period).
Intangible fixed assets
Cost
At 1 April 2020
Additions
At 30 September 2021
Amortisation and impairment
At 1 April 2020
Amortisation charged for the period
At 30 September 2021
Carrying amount
At 30 September 2021
At 31 March 2020		 2021
2020
Number
Number
22
24
2
2
4
4
2
2
30
32
2021
2020
£
£
818,167
566,450
54,904
41,063
31,695
22,433
904,766
629,946
Intangibles
£
-
13,800
13,800
-
3,130
3,130
10,670
-

14 Intangible fixed assets

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

15 Tangible fixed assets

Cost
At 1 April 2020
Additions
At 30 September 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the period
At 30 September 2021
Carrying amount
At 30 September 2021
At 31 March 2020		 Land and
buildings
Building
improvements
Fixtures and
fittings
£
£
£
860,475
221,326
113,027
-
-
-
860,475
221,326
113,027
133,773
78,622
110,559
12,907
16,599
189
146,680
95,221
110,748
713,795
126,105
2,279
726,701
142,704
2,469		 Office
equipment
Motor vehicles
£
£
75,375
64,150
21,213
-
96,588
64,150
67,671
44,575
6,670
14,681
74,341
59,256
22,247
4,894
7,703
19,574		 Total
£
1,334,353
21,213
1,355,566
435,200
51,046
486,246
869,320
899,151

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE

A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

15 Tangible fixed assets

(continued)

The property is held on a long lease hold (999 years) on the proviso the charity uses the property for the training of visually impaired people in the use of guide dogs as an aid to mobility and all related rehabilitation services.

16 Fixed asset investments

Other investments

Cost or valuation

At 1 April 2020 & 30 September 2021
Carrying amount
At 30 September 2021
At 31 March 2020
2021
Other investments comprise:
Notes
£
Investments in subsidiaries
17
100		 100
100
100
2020
£
100

17 Subsidiaries

Details of the charity's subsidiaries at 30 September 2021 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Bradbury Fields Trading Ltd England and Bar sales Ordinary 100.00
Wales

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Bradbury Fields Trading Ltd (800) (700)

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

18
Stocks
Bar supplies
19
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at cost less impairment
Carrying amount of financial liabilities
Measured at amortised cost
20
Debtors
Amounts falling due within one year:
Trade debtors
21
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income		 2021
£
1,175
2021
£
242,489
100
29,465
2021
£
25,253
2021
£
17,478
11,630
-
3,885
13,950
46,943		 2020
£
1,175
2020
£
63,512
100
33,307
2020
£
15,536
2020
£
10,393
24,705
877
45
7,680
43,700

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2021

22 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2021
£
1,125
-
1,125		 2020
£
4,570
2,943
7,513

Lessor

The operating leases represent leases to third parties. The leases are negotiated over terms of 1 to 15 years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

At the reporting end date the charity had contracted with tenants for the following minimum lease payments:

Within one year
Between two and five years		 2021
£
42,949
49,243
92,192		 2020
£
47,441
99,599
147,040

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

23 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Income Expenditure Balance at Income Expenditure Balance at
1 April 2019 1 April 2020 30 September
2021
£ £ £ £ £ £ £
Be Active * - 32,000 (32,000) - 14,802 (12,835) 1,967
Anonymous donation - Benefits Right Advisor - 14,000 (14,000) - - - -
Active Vision ** 434 - (434) - - - -
B&Q - garden work - - - - 2,440 (2,440) -
Lottery - De Fib and entertainers 3,025 - (3,025) - - - -
Thomas Pocklington - Covid grant - - - - 10,000 (10,000) -
Postcode lottery - Excercises 1,380 - (1,380) - - - -
Postcode lottery - wages - - - - 6,249 (4,635) 1,614
Dixie Rose - Volunteer expenses 1,629 - (1,629) - - - -
Clubs flooring *** 5,300 - (5,300) - - - -
PH Holt Foundation - Steps 5,000 - (3,708) 1,292 - (1,292) -
Morgan Foundation - Mini bus 23,737 - (9,788) 13,949 - (13,949) -
Visionary Funding - Bridge the Gap - 17,800 (15,901) 1,899 - (1,899) -
West Derby Wastelands - ACVA Excersises - 3,000 (3,000) - - - -
IT Equipment **** - - - - 22,500 (22,500) -
Liverpool City Council - new database - - - - 15,000 (15,000) -
LCVS - Be My Eyes - - - - 2,940 - 2,940
Other restricted grants - - - - 9,534 (2,400) 7,134
40,505 66,800 (90,165) 17,140 83,465 (86,950) 13,655

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

23 Restricted funds

(continued)

*** Cubs Flooring - In 2019 funds were received from Virginie Trust £2,000, West Derby Wasteland £3,000 and The Proven Family £300.

**** IT Equipment - in 2021 funds were received from Clothworkers £5,000, Community Foundation £10,000 and Morgan Foundation £7,500.

Other restricted grants include the following: D Froggart - bench £400 Gilpin Trust - volunteer costs £2,200 (unspent at the period end) Medicash - £4,934 (unspent at the period end) Torus - £2,000

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

24
Analysis of net assets between funds
Unrestricted
Restricted
2021
2021
£
£
Fund balances at 30
September 2021 are
represented by:
Intangible fixed assets
10,670
-
Tangible assets
869,320
-
Investments
100
-
Current assets/
(liabilities)
183,068
13,655
1,063,158
13,655		 TotalUnrestricted
2021
2020
£
£
10,670
-
869,320
885,202
100
100
196,723
17,796
1,076,813
903,098		 Restricted
2020
£
-
13,949
-
3,191
17,140		 Total
2020
£
-
899,151
100
20,987
920,238

25 Events after the reporting date

As disclosed in the trustees report, as of 1 October 2021 the charity has merged with The Catholic Blind Institute (charity number 1102657). Bradbury Fields will continue to operate as normal but as a division of Catholic Blind Institute.

26 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2021 2020
£ £
Aggregate compensation 98,880 61,509

There were no other related party transactions during the year (2020: none) other than with the subsidiary Bradbury Fields Trading Limited with which an intercompany loan balance has been written off which amounted to £877 (2020: management charge of £5,073 was charged to the trading company and stock transferred from the trading company to the charity worth £1,175). Bradbury Fields Trading Ltd became dormant as of 1 April 2021.

BRADBURY FIELDS-SERVICES FOR BLIND AND PARTIALLY SIGHTED PEOPLE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

27
Cash generated from operations
Surplus/(deficit) for the period
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash generated from/(absorbed by) operations		 2021
£
156,575
(1,183)
54,176
-
(9,717)
3,243
203,094		 2020
£
(79,055)
(1,072)
31,918
(1,175)
13,310
18,798
(16,101)