REGISTERED COMPANY NUMBER: 00986407 (England and Wales) REGISTERED CHARITY NUMBER: 262119 R•port of the Trustees and Audited Flnanclal Sements for lh• Y•ar Ended 31 D¢rnber 2021 BUNDAID Supporting Londoners with Sight Loss Nl A8D5JIJT' 2Y0912022 rnupANIF.q Hni IqF A18 340
BUNDAID Contents of the Financial Ststements for the Year Ended 31 December 2021 Page Report ol the Truste•8 1 to 20 R•port of the Indepndent Audllors 21 to 23 SL*ement of FIna[al Actlvllies 24 Balan Sho01 25 Cash Flow Statem•nt 26 Notes to the Cash Fl¢yw Statem•rt 27 Not•$ to the Financial Statem•nts 28 to 38
BUNDAID {REGISTERED NUMBER: 009864071 Report of the Trustees for th• Yw Ended 31 December 2021 The trustees a also directors of ts tharity f¢¥ the purposes of Companies Act 2006, psent their port with the financial stalemenls of the tharity for the year ended 31 December 2021. The trustees h8ve adopted the provisions of Accounlirtg and Reporting by Charities.. Statement of Recommended Practice aPpIable to charities preparing their accounts in accordance the Finanrial ReFQrting Slandard appluble in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). MISSION STATEMENT As London's oldest sigm loss charity. BlindAid vhwks to improve quafity of lrfe and promotes independeTKe for blind and lsUallY impaired Lon¢Joners. We prowde indiwdualised practical and emotional support to redl the s181 isolation that many peo* Imng sight knss can experience. OBJECTIVES AND ACTIVITIES Obiectives The charity seeks lo alleviate lolInesS arKI social isolati¢)n affecting visually-1mpaid people. 11 aims to empower service users to encourage and support irKlependent living. The charity also supwrts people suffering the emotional cOnsequenS of visual impairmenl. selv£s are provided free of charge. The charitls strategic obj'ectives are: - To develop the ¢hariVs Community Sight Suptx)rt ServKe to reach 1nd and vtsually impaired people wth support service that lakes account of their feedback. - To develop a eenlral Cc¥nmunty Project Hub at Camden Living centre. and also Online Community Programmes. - To improve the ability to identify and help those 7htho berffi1 from its seNces in the most effective way. - To implement the chari5 frjnding strategy to sethKe future Sou$ of IMe lo allow expansi( of its 8cb'vilies. - To develop the infrastruclure and chariWs capacty necessary to xhieve these aims. Publ1¢ benefit The 8clivilies lo athieve the charitys 0tr4ectives are all carried out for the public benefit as deribed by Ihe Charity CommissK)n. The beneficiaries of the charity are members of the public who a in need because of health, disability or other problems arising from wsual impairment and the actIMtS of the charity seek to ensure these people can be supported by better seNces. The ch8rity sets out in this report the charitable wblic benefit of its actiwties. The Board members have complied wth the duty in section 17 of the Charities Ad 2011 to have due regard to pu1¢ benefit guidance published by the Charity Commission.
8UNDAID (REGISTERED NUMBER: 00986407 Report of the Trust¢es forlhe Year Errfled 31DeMb 2021 COVIO-19 Global Pandèmlc 2020-2021 In February 2020. the senior managemenl team made essential risk assessments in relation to the impact the COVID-19 virus may have on all aspects of the charity's operations. and those risk 8ssessmenls have been continued throughout 2021. 1ndAld has attained more days working in the community with our service users than in 2020, bul was still disrupted. as dictated by the virus and surges in case numbers. a further lockdown period earfy in the year. and the arrival of the Omicron variant causing higher ase numbers toward the erKI of 2021. BlindAid delivers service to blind arKI visually impaired peopk age 18+ howtver. the majorrty profile of our beneficiaries is 50+: wlh a high percentage of I1Se Fwle also hawng more rnplex health conditions in addition to 8 sKJht impaimienL Therefore, a prowrtionale number of our benefKiaries vffte themselves in51ru¢ted to shield from exposu lo C-19 penotjtally. Our Community Sight Support Service nomially prowdes regular outreach visits to SerCe users in their o¥m homes. Each Sight Support Wciker has hi51orically. prior to C-19, yisiled approximately M serwce usets per day, travelling on public transport in been visits. The proximity for people within those h¢)mes. no opportunities to affectlmanage conditions was determined to te high risk for both serwce user5 as well as our slaff. For 7 years Prior to March 2020. 81indAid operated three Ccrfnmunty Prgects in London I(atiOnS Wthin our area of operation. Service users travelled to the Communty Projects venues on pU1C transport or Dial-a-Ride to share classes on a variety of sutr4'ects: our Community Projects were therefore also detemiined to be high risk for servrce users. staff. bJtors volunleers and so they were closed as a direct result of the pandemic. In 2021 Blin(JAid was avrdrded funding from The City BrKlge Trust lo promde a Community Projecl hub centrally placed al Kings Cross for the next the years from April 2022-2024. BlindAid has 18ken the prudent decision to only reopen additional Communty Projects if exlemal funding Can be secured lo do in the future. BlindAid operates a social project called Share London. fully trained sighted guide volunteers are matched with seNce users lo enable them to get tyJt to enjoy a variety of social outings around London.. this service also Vfds determird to be high risk. and wth agreement from our funder. Big Lottery Reaching Communities. converted the project lo provide swal telephone ca115 during the COVID-19 pandemic in 2020 and 2021 during periods vthere C-19 cases ¥Te considered too high lo safely continue to 5UPPOrt accompanied social outing5 in Lc¥Klon. The UK Govemment detemiined that C-19 virus was most highly transmissible indoors in encSed areas. From Monday 16 Mar¢h 2020 all MMUrI1ty based BlindAid seNces were ceased. and as all staff began working from home. there was no wuirement to fudough any staff. All relevant operating policies. Job Oescriptions. Work Instnjctions were redrafted. aTrJ some new documents specifically relating to working from home during COVID-19 were issLd. Senior management devised a work plan and an inibal 'scripted framework. for Sight Support W0erS to Vrk through as they began calling service users, during a time of nabonal pandemic. Calls were ma¢Je inrtially. a minimum of once Kr week to offer ¢omp8ny. conversation. and as much practical assistance as and %there posSib_ Blind"d m8de signrf¢3nt contributions during the lockdowns of 2020 by making a 5Trgnificanl number of safeguarding POrtS to local 8uthorilies throughout ils area of operdlion. The safeguarding reports alerte(I I(1 8vlhorities to people who were pvIOuslY otherwise unknown to Social Serv bul were now in immedjale need of 8sse5sment for e55enlial services to be sel up for them such as medication deliverie5. thJr team worked tiless1Y to connecl people lo food deliveries and for those in dire financial need to food banks and free food delivery Serw. ThrougtrKJut 202012021 we have cc¥ntinued to risk assess and monilor the situation carefully throughout peaks. troughs, and new surges of the virus. Regular risk assessments and all reasonable Precautions such as gloves and mask wearing for all face to face work. wll continue until BlindAid is confident that these precautions are no longer needed for the prolectrjn of our stsff. Iheir families. volunteers. including trustees. and naturally our vulnerable seNKe users. Until that time, BlindAid remains agile, adaptable, and flexible. We are keeping under review all other means of COnrting with our benefiryaries to continue to deliver meaningful support for thern throughout this difficult time. The sight loss wodd is particulady ta¢tile and therefore many of our serw users are experiencing additwal anxiety 5thich we can and musl help lo mitigate.
BUNDAID IREGISTEREO NUIA8ER: 00986407) Report of the Tw$tr¢$ for the Year Ended 31 December 2021 COVID-19 Global Pandemi¢ 2020-2021 {¢ortknwdJ In September 2020 BlindAid bid for and VAS awarded £100K ffftdrng by Big Lottery to develop 8 'Hybrid &ght Support Service. vthich vrds part of their COVID Response Programme. There was a stipulation that this fundirvJ should be expended the year arKI xtmties in this res1 are detailed in the achievemen15 section of this report. In 2020 the Sight Support wkerS way of ing abngsKle our swvice users was largely disrupted by the C-19 pandemic. in 2021 il was disnjpted tw t1 to a lesser dege. In addilton, and due lo the pandemic, referrals to our charity increased signifKanlly aryj because 311 stsff We vrt)rkin9 from home. our Sight Support Workers were ab to support substants.al numbers of additional blnd and visually impaired people who were in need. During 2021 this addib.onal capacity became an additional challenge, il wa5 8 delicate management balance to ensure we ccMJld conb.nue lo prowde servte to all the blind and wsually impaired people we aladY had a commthenl lo. and lo avoNI the need to wthdraw service as we made the retum to Working in the community face to face again. This took skiwul management by our Operations 'rectOr and our senrice le8m leer to achieve. tr)ut v have carefully alIgned seNce users with SSWS wth capacity and we have not needed lo vthhdraw Y service atready pledged. thich is a real accomplishment and an excellent example to teafflwork. Flnancial Mitigation: In March-April 2019 the trustees acied Frfudenlly to de4isk the Chari$ investments by mowng to safer inveslment funds. This action was primarily taken due lo the then finanaal climate and impending Brexit and was completed before the onset of the COVID-19 pandemic. It has been ar continue5 to be imposgble vthilst the pandemic wntinues. to specukte on the eventual financial impact of COVID-19 on the charitys investments. SenK)r management decitletl the charty had no need to fUrIgh staff. and altematively Y elected to totally redesign the way BlindAKJ opeolet1 due lo Ihe COVID-19 pandemic, and cOMpted this huge task ahead of the UK first lockdown, moMng lo a Wofk h(xme slatus on Monday 16 March 2020. Simultaneously. we needed to focus upon making sustsine(l efforts IhOut 2020r2021 to mitigate the pandemic financAal impact on BlindAid and we this by: 1. MakiThJ cost savings where appropriate and possib. 2. Not replaung staff who reliredlresigned and reallocabng duts.es to other staff. 3. Renegoliating supplier traCts. 4. Maknng signffint numbers of applicab'ons for grant fundirKJ to support our ccrfe SerCeS. 5. Apptying IL specific Government COV1[19 fijnding. (2020- £174KI. The prevailing circumstances lating to the gkjbal COVIO-19 pandemic naturally remain under constant rewew by ihe board of trustees and senior management. BlindAid's approach will continue to be prudent. conservative. and caubous in its fiseal management as 814ways. bul especially throughout Ihis unprecedented and challenging lime for all organisalions.
BUNDAID (REGISTERED NUMBER: 00986407) Report of thè Trustees for the Year Ended 31 Decernr 2021 ACHIEVEMENT AND PERFORMANCE harftablg Activities and Achievements The CO activty of Ihe charity for over 188 years has been lo visit predominantly i501aled. blind and visually-impaired pecple awss ts fvlelve inner London boroughs in their own homes. Lalesl RNIB 51alisti¢s findings related to visual impaimienl and sight loss are: - Children 0-25 years = 0.2% approx 2 in every 1.000 chihdren - 48/• of all adult sight Ioss is attributable to Age Related M8¢ul8r Degeneration. In 2013 there We an estimated 1.93 million people living with sight loss in the UK. - By 2050 wlh Ihe number of people living wth sight kjss irueasing year on year 1.93 millM)n will grow to 4 million. BlindAid provide5 seryice for adults aged 18+ bul the largest cOrt of BlindAid beneficiaries are aged 50 years and above. BlirKJAid specialises in reaching this largely hidden community of blind and visually impaired Londoners. to allewate ihe isolaiion that can resutt from ght loss. Our Community Sight Support Service is free ol charge, for anyone with any type of visual impairment, re&denl in any of Ihe 12 inner London Boroughs which is BlindAid's area of operation. Beneficiaries do not rd to be registered lo qualify for our support. 1ndAl is the only spwalist outreach charity based in central London offering a defined pathway of support arKI socaal connection. that priorilises Londoners who are older and isolated in the community. In previous years, each of 1ndAld'S Sight Support Workers ISSWSI. was responsible for supporling approximately 45-50 service users, wsiti.ng typically every fortright. The frequency ol visits may be varied lo meet indiwdual needs. SSWS M)ically focus M a partUlar tKJrough. for ease of logistics tyJl will also visit indiwduals in other boroughs to optimise coVere. vknere capacrty pemiits. SeThice users are visited at Jme. in shdtered accOmmcJatn or re5idenb"aVnursing homes. BlindAid's ethos is to treat each Serv user as an individual. prioritising Ihose who are i501ated 8nd living alone. 8nd delivering support as required and walued. The majority of service users have been diagnosed with sight loss in adullhood," Ihis can be traumati¢. and Ihe indmdual period of adjustmerbt can vary enomously depending yFrt)n personal resilience. Referrals for our support are ceiVed from warious sources.. specialist sensory. sctial work and community mental health teams of local aLrthoritS. hospitsl eye clinics, and GPS, as vll as from people who experience Ioss of vision lor their friends or family). An inthal assessment visit is made lo understsnd first hand individual needs. coping abilib.es and lo detemiK* whether the charity can be of asSistse to meet Ihose needs. During a visit. the SSW wll offer company aTrJ conNErsatM lo help alriale lonéliness and reduce isolation: practical help and gullance will olso be Offe Nvhere needed. appropriate and welcomed. The SSW will also encourage parbcipalion in. and snpoSI to both BlindAid Community & Online Projects and other suitable local social 8clivibes. Many servKe users who are exlremely is¢Jated have been visited consistently over many years. In some instances. the SSW 11 be one of the few social contacts some people have. Reaching out lo people in the communrty is therefwe Trffjry important to many seThice users and g¢xJd relationships are usually e5tabli5hed over lime. AII SSWS are empbyed by BlindAid and are carefully selected.. they an hold current ethanced Disclosu and Barring Certificates. Although many other charities use v(Aunteers lo undertake swnilar wsils, BlindAid telieves that deploying salaried. full-tÈme staff. provides greater consistency, reliability, and qLJalty of support. SSWS Ceive regular v¢)cabonal training. and the level and quality of service is regLblarty monitored Ihrough supeNsion meetings as well 8s through key pertom)ance indicators aThJ annual aLbdit tetephone calls and Focus Groups with servKe users. Befvn 1 January and 13 March 2020 SSWS wsited Serv users al home primarily fortnighlly. Thereafter. all SSWS began V•r)rking from home due 10 l¢)ckdown restricb.ons imposed by the UK Govemment and BlindAid coMpld throughout 2020 and 2021 wth ihese restriclions. A5 there was no reason to furfough any staff. SSWS made regular weekly lePh( calls to all Serv users in place of visils.
BUNDAID IREGISTEREO NUMBER: 00986407) Report of the Trustees for the Yw Endod 31 D•c•mlJer 2021 Core Servl¢e: Community Sight Support Service: Big Lottery Rea¢hlng Communities . C-19 Response Fund Award £100K BlindAid applied lo Reaching Communilies to support our core ). our Sight Support Service, and to design a new hybrid seivice slnjcture that VUkI facilitale BlindAhl services to be delivered during and post pandemic. A prorx)rtion of this funthng {£76K} vras avrarded speafically to support our Community Sight Support Service. Our Irained. skilled Swht Support Workers are ernPyed by the charily lo deliver a valuable service for blind and visually impaired Londoners. We believe our service is unique and meets a clear. otherwise unmel need in KKiety. No other charity in London pThdes the type of outreach support that BlindAid does for its beneficiaries. The balance of this lund4ng 1£24K) was speciftslly awarlled lo lMagine the ways have prevK)usly provided support and to design our Hybrid Sight Supwrt Service. We Ihis significant support in September 2020 and we were required to expend the fijnding before the year end. 1ndAld is a small tharity and the timing of this win presented addItnal ChaInge$ for the management team in resourcing both this imp)rtant project whilst at the same lime. dealing wilh the huge spike of general operational activity produced as a result of the C-19 wrus. When worked the design of Ihe new HybrKI Sight sup[ Serwce. as alvrdys. w¢ consulted with our service users. as well as our staff team deliver the sermce. We organised 14 online Focus Groups and each group made up of seNce users from all the 12 Boroughs fft vthich we work. Groups consisted of betsveen 8 and 20 people and each group Vre asked a detsiled selection ol questions about our previous, current, Wished for and future seNces. In total we consulted wth approximatdy 300 beneficiaries. Our service useT5' responses were illuminating. informatwe, and honest. Most imp(Mtsnlly , wort(ing together we defined a new way of operats.ng more fftexibly whth has alloved us lo a¢h more people than ever. It also assists us lo remain agile and to dol upldovm our outrea¢h communtty vrt)rt(. whith benefits us because we are able to respond in an agile to the wrus as it peaks and troughs. The Ser¥e users, bright ideas for how our service could be re-shaped were collated and are now built into our rW service model. We also held online consultstions with our staff team to feedback service users opinions and aspirations, encouraging open dialcgue and welcoMg staff opinions and idea5 wthich are also inctxwrated inio ow wnproved seThice model. The Big Lottery COVID-19 Respvise Funtling, was expended 7Mthin the six mth allocated deadline and oduced a new ste service that we know is 8 futu asset for BlirKJATrd. 81indAid's Hybrid Sight Support ServLe has been operaling through¢yJl 2021 as a pilol. the ex¢eplion of lockdown January- March 2021. Due to the Omicron variant of the C-19 rus, in December 2021 Blindth'd d not operate its outreath see due kn the very high transmission numbers for safety reasons. The C-19 virus is not yet over. and so are stsll working with ¢)ur staff team as well as It51ening to the V0e$ our tenefici8ries as we finesse our new seNce to enswe that this hybrid seNKe Ffomdes the best overall performance outcomes possible for beneffioaries. Our gratitude and thanks to Ihe Bi9 Lottery Reachiry Communities grant panel Ntho assessed our btd and awarded this subslanlial funding that enabled 1ndAld lo revolutionise our core semce. This key funding helped to sustain our vital core service throughout a tru drfficull period and ha5 helped BlindAid lo reach more people than ever before. The drfferen in our operating praclices runs Ihroughout our entire seNce process from ¢he first assessment meeting. ensures we are mindfully reassessing our inlervenlions. and we have develope(l a greater agility in OLsr practice Nthich delivers increased capabilily to meet all the challenges the C-19 wrus brings. Reduction in Resources 2019-2020 and 2021: Increase in SeNice Provision: For comparison. pre-pandemic. in 2019 BlindAid Sight Supwrt Workers totalled 17.. 14 full time and 3 part time workers. Al the end of December 2019 one fvll time SSW retired. In 2020 we recorded 2 further part time staff rets"remenls and one full lime regnatiOn from our SSW team. leawng a total of 13 full time SSWS and 1 part time. None of the roles were replaced to save costs due to the urertaInty of the pandemic. Fortunately, Ihe beneficiaries who We supwrted by the members of staff left BlindAid. were absorbed by all other members of the le8m and did rK)l %Mlhdraw any support aladY allocate(l. This was made possi8 because all staff were woM"ro from home initialty and there were no joumeys beh¥een seNce users.
BLINDAID (REGISTERED NUMBER: 00986407) R•port of the Trustees for th• Yèar End¢d 31 December 2021 Throughout the COVID-19 pandern. BlindAid continued toth purp)sefvlly and successfiJlly to increase in the charity's reach. by developing the new Hybn'd seThice stsndards. which has optimised visiting logistics. by reassessing all serw¢e users and agreeing wth Ihem Iheir need for Msits at home. In this way we have reduced the number of days spent wsiting in the community each week, whilst in addition maintaining smaller number of benefici8ries being c81W by an experienced SSW. vhy) can also be connected wrth a Share London volunteer for social outs.ngs rf they ch005e. We have also eWed wr initial assessment procedure and introduced key milestone re-assessments to ensu V•E are delivering seNce mindfully. We continue to review all seThKe ProsseS to optimise an activity. For comparison.. P COVID-19.. In 2019 BlindAid's Sight Supp)rt Semce made c13.O¢XI individual Msits to serwce users al home, with each SSW sukyirtin9 c48. SerCe users. vhich had been a hHJh capacity standard we have maintained acros5 the past few years. In 2020 Msiting service users was conststenl up until 16.03.2020. when stsff stsrted from home and seNce users wEre 5UPPOrted by thr SSW weekly cals and therefore each SSW was supporting c65 people. In 2021 we rolled our new Hybrid Si9ht Support Serwce and Ihe number of 5eNice useT5 being supported by each SSW was defined at 70 people per SSW %thich is manageable due to more agile Wa of ¥K)rking. The lotal number of COVID-19 splfi¢ xtiwties undertaken 20217•Yas 4.624. In 2021 the lolal number of conts¢ts made thtyth service users was a total of.. 36.502 (Staff: 30,555 and Volunteers.. 5.9471 which indudes Share London a¢tiMtss ¢onduded by vdunteers. This markable uplift was aCMpliShed With signfficanuy fewer rerCeS in 2021 and during C-19 in addition to.. An increase in the nunber of referyals for ow sefwices of 38812020 256). Working Differently in 2021: Rolllng the New Hybrid Sight Support Servi. ResourCg.. There Y 3 SSWS fevo than in 2020 plus a 2 month gap in seThioe provision in one Borough due to the need for a recruiiment campaign. 1.644 visits were made lo service user5 vknen wthing in the community to December 2021 except for the ckdown regulations en the Omicron valiant cau5e(I numbers of cases of COVID-19 to sF4ke, and stsff temporarily worked from home once again. In 2021: 28.891 regular SLPPOrt calls Tre made to SerW usef5. The lolal of contacts with servKe users ihrcwghrArt 2021 vras 30.555. a pro(lU1vIty increase of 6%. 4,613 instances.. providing Infmti¢ about govemment C-19 guidelires and vawnalions programme {2020 4.0621. 2,548.. referrals to other appropriate I81 organisations12020 2.645). 80 referrals lo food banks or registered for new food sources signfficanl decrease {2020 4061. 878 referrals lo social requested by beneficyaries12020 7681. 1,001 contact with housing depa$SlatiOns requested by beneficiaries a significant iruease12020 7271. 128 a¢Jdilion81 beneficiaries referre(l and sefftd by Ihe Sight Sw)port Pathway and 1.115 people were supported in 2021. Across all serwces 1.212 people were supported by BlindAid in 2021.
BUNDAID (REGISTERED NUMBER: O(1980407) Report ol the Twstees forlhe Year Ended 31 De¢ember 2021 Vocation81 Tralnlng: BlindAid remains keen to xtively (ievel¢)p a tad specialist th"Il base for all SSWS lo ensure maximun benefit for our beneficiaries. 1ndd invests in ts empbyee5 and therefore, the charity offers staff four full day training sessions each year. The curriculum offers a variety ol relevant vocational training programmes prowding SSWS wlh the practical tools they need lo enjoy and fulfil their roles to the best of their abilities WKI lo ensure that service users dwive tangible benefits. Corn Serrflce: Community ProJ•¢ts: In March 2020, the charity's well knovm netYKrk of three WEII established Community Projects were all closed due lo the COVID-19 pandemic. il was decided that the charity could no longer afford to fund these projects from its reserves 90ing forward. For blind and visually impaifed people Community Projects are a vital stage in regaining and strengthening their personal re&lience and confidence to get out into society. They also offer crilical social contact wilh the ability to eslabltsh a netsvork of friends and Jditional support. Unfortunately. they are expensive lo ¢yrate. costing betsveen £30.WO lo £50.000 per annum, this difference being the cost of renting space frfym local authorrties. The curriculum of courses offered have alwajs inced healthy eatsng and safe-cooking skills,. yoga or other exercise Glasses: art and craft- creative vffiling arKI importantly IT training al both beginner and intermediate leve15. The dasses typically njn over 16-week terms and participants are encouraged to attend for a minimum of one full day each k. There is a strong soaal focus to the actimbes lo encourage parts'cipants to gel to know each olher both during dasses arKI over lunch. It is an intended OLrtcome thal people fonn independent peer support groups and continue to meet and communicate after their courses have ended. All three COMMlty projects VEre open to WindAid Servi users. also ekomed other people wth sight loss vtho Vre feffed by local avlhority. NHS (K other Ial services or charities. BlindAid has always encouraged attendees lo travel independenuy to the centres and has promded sighted gutde support, from travel points lo Ihe project hubs. We have consislenlly Vrked in partnership wlh Dial-a-Ride for many years. to ryovide Iransp)rt h%there independent travel is not possible. Ouring Cov119 202012021 81indAJ converted dasses that had been available at community based projects. Several pikjt classes were made available initially to seN¢e users online including yoga and mindfulness. ereative writing.. and art. The pilot da5ses Niere so successful that BlindAid has alreaty determined that post COVID-19 will retain online classes. because the servKe users attending online sessions, for the first time. induded a cohort of people who have been previously excluded due lo extremely limited mobility and who were not ae lo travel lo in person dasses. Our 2020 arl project was called Slefognosis 8nd was sponsored by John Lws_ At the end of 2020 we were delKJhted lo host an online Art Exhibition entitled 'Blue Postcards.. 11 was a siMe bul powerful concept." each service Ljser was given a postcard size canvas logelhef with only blue paint. The stsndard and sheer variety of wyyk was both inspired and excellent. The artist arKI course tutor. Scott. narrateLI an audio description lor the 50 people who attended online. The artists were inwted lo talk about their individual pieces of art, the comradery beeen arbsts was tangible. as was the positswty aboul the klY art sessions. We acknovAedge the talent of our tutor, who rapidly adapted h leathing style. most remarkably to Vvrk th blind and visually impaired people via an online atrOm7. genty guiding and encouraging our senKe users emerging artistsc talents. Pre COVID-19 pa)demic: All BlInd C(mmunty based ProJ"ects we managed by 8 project manaoèr and superv15ed day lo day by project cwrdinator based at each of the community venues. Classes were delivered by qUalifd subject tutors together with several dedicated volunteers vtho were on hand to asstst Servi users vthere needed. Some of the thariws volunteers are them5elve5 visually-impaired who. having joined the projects as service users. have Chosen lo retum as volunteers to offer peer support for newcomers to the Proiects subsequenljy. The charity listens 10 Service user5, voirE5 regulady durir¥J the lime they are attending Community Projects. We create three strLthred purposeful engagements with service users allowing for feedback and the measUrnent of progress for all stskeholders. ServÉce Users asprations antl abilrbes a noted during a pre-progiamme assessment., benchmarke(18gain mN1temi ar%1 again finally before they leave the Project. SeNice users. opinions, therefore. are fed into BlInd"d'S anning. preparation and inform the final choice of dasses offered. helping the charity to meet the needs of Ihe people attending as dosely as possible.
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Trustees for the Year Ended 31 December 2021 During the seven years our Community Projects have been part of core servTrce programme, all the project locations ¢weraled al full capacity. During the first three months of 2020 all three of the Chariws Cornmunity Projects e exlremety popu18r and oversubscribed as awdys. Some online classes piloted in 2020 and have successfully continued throughout 2021. These proved very popular and defined another agile way of vK>rking lor BlindAid in the provision of online dasses vthich appealed lo an extended cohort of BlInd seTrice usefs. Fee(Iback from p8itpanls' have attended BlindAid COMMlty Projects in prewous years has remained con5151ently and ovethelmingly posib"ve,' sirKe 2014 and again in this year lo date 1¢)0¥0 ol service users have mevconnecled wth al ast one new fn.end that they maintain connection with from attending our classes. The lolal cost of the provision of Jr Community Proiec15 frcrfn inception lo date has t4en b¢)me by BlindAid from its reserves. During 2021 BlindAid su¢¢essfully applied for a grant to fund one centrally based Community Prqect and was successful. The City Bridge Twsl avrarded BlindAKI £81.300 to fuThJ a three year projed Nthi¢h ill be available from 22 April 2022 lo¢ated at The Centre which is a community hub located in the Francis Crick Inslilule in Oussulton Street NW1 1 DF. close to KHigs Cross Station. BlindAid is gralefvl to The Cty Brityge Furby for their financi81 support of this vital C8m¢Jen Community Proect, an¢J we a also grateful for the team al the Living Centre fof hostsng our project free of charge. BlindAid apweciate5 the eernal acknoedgmefit of the intn"n5ic value our Community Proiects offer blind and MSLtrally impaid Londoner5. We believe these organisats.ons recognise the need for this tsngiue support for our beneficiaries 15 a vital part of our Sight Supwt Pathway." 81indAid 15 now actively seeking third party financial support to enable these valuable actiwties to continue, expand and benefii a wider cohort of Londoners V•ith lived experience of soht loss. Additional BllndA5d Support S8rvlces: Telephon8 Support Soplce: The charity offers a telephone support Servi for. - service user5 who prefer lo have a regular Social call in place of a $lL - service user5 who are on the wailing list the Community Sight Support Sewe. - service users who which to Part1pate in peer support on the telephone. In the past Mr• years 1ndAld has made Teleone Support MO widely avarlable to service users by delivering this wa an ever-gfowing number of volunteers. and the ¢tbined number of volunteers registered in the past the years is just over 300. BlindAbJ has t>ys of vokjnleers: 1. Vdunteers are themselves experieneing rthr sKJhl. registered seveoly sight impaired or blind. 8nd so deliver peer to peer telephone support and guidance. The charity has a good number of sefvice users ho are competent and wlling to offer peer suppcwt for others. Volunteers are primarily matched wth people share similar interests arKI fry they are V11 *ed to offer a regUr Social and support call. 2. 81indAid uses a bespoke b-baSed Telephone contr SyBtem that faolitates a safe telephone connection that ensu$ confidenliality for tM)th volunteers and seNce vsers. Volunteers received a short training on how to use the soffv48re as part of their inducth"on. and both cl13¢1 numbers a recorded in the softsvare. The volunteer is Itw) ae lo call the seryice user lthOU1 either Ferson sharing personal telephone numbers for safeguarding purposes. For comparison.. During 2019 ihe number of service users enioyiry our tslephone ser¥i¢e was 67. During 2020 the number of seNice users enjoyiw our telephone supp1 was 110. Duiing 2021 the number of service Ljsers enjowNJ our telephone supwt was 120.
BUNDAID {REGISTERED NUMBER: 00986407) Report of the Twstees for th• Year Ended 31 Dernber 2021 In part due lo the COVID-19 pandemic 8 parlieular 'CurA¢Y of kindness. was more pvalent throughout 2020 8nd 2021. As a result. BlindAid experienced a muth higher number of semce users being referred to the charity for support, and also people self•referring. independently reaching out for support during exceptionally d¢fficult ts"mes. Al the same bme higher numbers ol rM¥ volunteer5 were contscling the charity wanting to promde help and support for our CmMUn. Thefore. we were able lo recruiL train and match a significandy increased number of volunteers. and so total numl)er of Calls to service users recorded in 2021 was 5.947. Almost 811. Isolated seNce users have been reriviTrJ regular Meekly soual calL8 during th8 pand8mic from their peer group volunteer. Some Vnteers have also supported more than one seNce user. During periods of reStr"On$ and IkdOwn$. when our Share London Volunteers were not able to SOCl81ise and take ServIS users out to enjoy the City. they trxj called their serwce users each V+tek to ensure that no service users was isolated through1 those diffKull times. BlindAid intends lo continue to promote our telephone supFx)rt seryice lo continue to grow the number of semce usefs who can enjoy this Valuab source of contscl. Share London Pro5ect- funded by &9 Lottery Reaching commltieS in 2019 BllndAid was awarded £99.250 In lale 2019 &indAid launched a new purely social project cald Share London. which h85 oper8led thrcwJghout 2020-2021 and is funded through until Oclober 2022. Share London was designed by 81indAid to recruit 240 volunteers a(xoss three-year lrfe of the project and to recruit. induct. train and match them V•ilh likeminded blind and wsually impaired Londonets to experience social aclimlies and Ir(erally 'Share London, together. This project ensures that service users can enjoy 811 the culture, open SPas. galleries. and other Inte$ting experiences Ihat London offers N the security of 8 trained svJhted guide alongside them. This unique social project offers beneficiaries a powerful combination of the confidence to leave home knowing their sighted guide will provide support if drfhcutties are encounte during the outing. as well as someone to share their interests 7Mth. In the first year (Share LorKlon altracted over 132 new volunteers who applied to In the project and BlIndd recorded a total of 682 12019) Ydried activities undertaken by volunteer and service user partnerships. The nature of actimlies varied Videly and included outings such as sits lo museums arKI galler. a walk n the part. wir¥J for a coffee or a trip to Ihe theatre. In 2020. external outings took place betsen 01.01.2020 and 16.03.2020. when swal outings using sited guide volunteers were suspended due lo the COVID-19 pandem. Due to COVID-19 pandemic the Share LoThJon Project vras not able to operate in the usual way in matching volunteers servKe user5 face lo face, and to allow them to enjoy the varied Tange of activities London has lo offer together. The woiect is funded by Big Lottery Reaching Communities, vtho reached out to BlindAid e8dy in 2020 to offer us an opportunity lo repurpose our project. wthout loss of funding already awarded or funding due to be paid in 2021122. 81indAid is grateful to Big Lottery for this opportunity as our volunteers stepped up aThJ wasted r¥) thances to suppjrt the seNLX users that they hJ been matched th throughout 2020 and 2021. In 2020 BlindAid's Vdunteer Specialist, recxuited. traned a1 deF4oyed the remaning 108 volunteers needed lo attain the lotsl of new VUnteerS we were aimiNJ to recnjtt at the start of this project. Our 240th volunleef was reglstered one year and three months ahead of our proiect tarw. BlindAid Ihanks each of the wonderful Volunteers who stepped forward during an extremety difftt year to gtlt their time in providing support for BlindAid seryice u5er5 as this year you all achieved so much for our beneficiaries have found themselves in need of new frierKls. Our volunteers co1ctive1Y achieved a tolal during 2020 of 5.055 individual social contact 11$ with serwce users. some volunteers offering lo make 8 bger difference and call rn0 than one person ea¢h *ek.
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Twstees for the Year Ended 31 D•wnb•r 2021 81indAid's Annual Celebration: The charity's Annual Celebration had been hdd for many years priLY lo Ihe COVID-19 pandemK. 11 was the largest soc181 event for people ¥th sight loss in Ihe Untry. and very sadly our last Annual Celebration was held in September 2019 as il was cancelled in 2020 due to C-19. This wonderful event previously gathered over 40Q seNce u5eT5 from 8¢ross all 12 inner London BLYoughs Ihal the charity serve5. We were graciously offered the Grand Hall at Westminster Central Hall for many year5 free of charge. %thi¢h we have always fully appreciated. arKI we are enormously graleffiJl that the senior team at this prestigious venug have oxlgnded their offer to host our e¥tnt in Ihe futwe wthen it is safe to do so. Social E¥•nts and Activiti•s: Prior lo the COVltk19 Mnjs pandemic. BlindAid was particularfy fortunate to have been ¥x)nsored to provide many wonderful soaal events, 1¢h were Ie of charge for our beneffi¢iaries. which were incredibly popular and well allended. Corporate Sponsor: Ernst & Young (EY} based ai More LoThJon on Tooley Street. which 15 very Ictal lo our head office in Bermondsey Street SE1 3UB. have enjoyed a warm 8-year relationship". Collaboratively have organised suth events as.. Annual Chrislmas Shopping Trips." those seNce users woukl otherwise not be able to sh¢Jp Independeny. over 8 years over 1.000 service users have enjoyed this special day out, shopping wth EY volunleefs arld having refreshments befo bery tsken home. River Walks.. From Lond¢M Bridge to the Royal Festival Hall. So many service users have enjoyed Walking along the Soulhbank. with their EY volunteer alongsKYe them, a110 describing the buildings either side of the River Thames 8$ well as what was happening on Ihe river itself. Many serwce users especially like lo slop %there there is a shordine to listen to the waves. We have trained c41>50 annually in SMJhted Guiding techniques and issued them certificates. Approximately. 360 EY empkjyees have another significant skill because of their involvement with BlindAid. In 2020 and 2021 EY corporate sponsorship team have donated to BlindAid in ace of holding in person evenls due to C-19. We plan to organise new events in 2023. Corporate Spons¢x'. Wllliams Granl Dlslilleries: We have also trained many of WG employees in &ghted Guidir¥J techniques to date and we have collabc¥8ted in organiyng some exciiing swal events iludIng such as: An early evening cocktsil event. vknere speually designed clxktsils and mo¢ktails Te available for service users and volunteer5 to try. Part ol the cocktsil experience u5ualfy how they look visually, an¢J so our drinks were designed lo be e5peaally aromab'c arKI have sounds (popping candy) a5 well a5 multi-level flavours. An evenirvj wlh WG kNand ambassadors. are shovAneAlwomen arkd partKularly Skilled at their crafts. This proved to be a very popular event our seThice users. were inled to laste VarijS spirits and leam the slories of how they are distilled. Earfy in 2020, prior lo COVID-19 pandemic lod(dovms: M collatx)r81ion wth Williams Gr8nt Distilleries, we Co-hosted a Sound Meditation session at Sound of Mind Studios in shodI1¢h bthich was enriching. Over 30 service users benefitted from this event and our gr8tilude goes to Williams Grant for wholly funding these eXperienS for BlindAid beneficiarie5. During the fir51 lockdown of 2020 Williams Grant produced hand sanitiser and graciously promded hvo large boxes for use by 81indAid staff free of charge. 81indAid are very grateful to Williams Grani for making annual donations to the charity pla of eventslactiwties during Ihe past ts¥o years. 10
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Tfustees for the Year Ended 31 D¢¢embw 2021 Infomiation and Advl¢e: The collation and disseminati¢)n of relevant Informatic for our beneficiaries has always been an important and integral part of all the charity's 8cb"viti'es aThJ seNces. Community Sight Support Workers have ay$ offered Ihe provision of advice and guidance for ser users daity during their work. This may incILe information relating tr) spe¢thc eye conditsons as well as details of other ServIS available in their local area including social or sportin9 activities_ In 2020r2021 this connectK)n became a vital service for our beneficiaries especially in relatn to the COVIO-19 pan¢Jemic and we began tracking the SSWS activtties particularfy in this respect and so in 2021 we recorded 4,42612020 4,C62) instanS of information provrsion relating lo C-19 pandemic and vaccine roll4yJt. This "ng a lolal of 8,488 individual engagements with service users specrficalty to inforMn relating to the pandwnic wj equals an increase of over 6 additional calls made by each Sight Support Worker. As a result, BlindAid has eamed a pulat for solid unbiased quality irrfoTmation relating lo many aspects of the pandemic and this feedback was gifted to us from many of the individual services users who participated in our 14 F($ Group calls undertaken in Octotw and November 2020 and included been 8 and 20 service users in each group who were reprE5entsbve of all BoToughs in the charity'5 area of operation. In February and March 2020, SSWS called every service user wistered with BlindAid lo ascertain Iheir person81 situation relating lo Ic¥)d and medicion arrangements. SSWS registered those service users who had never prevtously registered themselves for supemiawkel home deltveries of food as prioitty customers. SSWS also registered those 5ervrE user5 in financial dthculb.es with free food delivery services and food banks where necessary. SSWS registered seNcE users had nol prevKJusly had their medication regularly delive to them al home their local NHS phamiacy to ensure thal there was r hiatus in them ¢81n9 the medication they needed throughout numerous lockdowns. In 2021 this work has continued with in relation to new benefioaries being ferred to BlInd"d for supFort. Since 2020 and Ihro¥Jghoul 2021, the UKS vaccinatn programme has been a key subject of conversation for seNce users and SSW5 have been able to ensure that all semce users had adequate access to NHS sources of information to Sre were reading or being read the most appropriate SOUTS of InformalKJn to support them in their Peral decisi making about a vawnation where al all possible. BlindAid asssts peOpe sight loss to obtsin IcKal authority and other statutory %Yvices or concessions lo which they are entilled, and addilionalty acts as a broad information and advFce hub for all visually impaired people who contact the tharity. For callers. resident elsevthere in the UK the charity will make referrals lo other local sight loss charities through our membership of Visionary. an umbrella organisation for all small sight loss charilies across the UK. BlindAi¢J has also provide<l Coffee momings in both Tower Hamlets and Lomb8th which are open lo any blind OT wsually impaired residents in the 8rea who wshes to 8tterMJ. These sctial events have proved an ideal forum through which Y are able to disseminale a variety of relevant informalion and cLJnnect service users with other local agencies regarding a variety of topics. Our well*stablished coffee mornings were closed in March 2020, however, they ¢tinued seamlessty as online line events for the remairKler of 2020 arbd in 2021 proved even more p¢wular as 8 great number of attermlees We aNe to join online th8n do usually in person. 81indAid provided several social events online 2020 and 2021. During Ihe first quarter of 2020 we ran 12 sessions of our very excits.ng Heariw DIfferenY Project tutored by the composer Roberto Damd Rusconi and hosted by The Bloomsbury Theatre. Through the passion and dedication of both Roberto and our Project Manager, Qarissa. Ihis project was rapidly converted lo an online prow5ion, and so our service users di¢Y not lose ac£ess to this valuable project for the M81nder of the year. Similady. our Art Project. named Stereogno&s, is tutored by Scott Atkins. a soJlptor and artist has exhikn'led in both LonfA)n arKI VeThe and the proffiect was initially ssy)nsored by John Lws. Due to Scolvs enthusiastic tuikn"M. this was an exceptionally popular class. Converting the art Project lo an online practical class that could conlinue to offer demonstrable luloring for blind and visually impaired semce user5 via an online piatfomi was challenging. bul 50 successfully achieved.
BUNDAID (REGISTERED NUMBER: 00986407 Report of the Trnstees for the Year Ended 310•cember 2021 As a result, an online Art EXhibiln vms held in December 2020 lo shovKase Ihe exceptional standard of creativity attained by our service users. The exhibiti was enlttied Blue Postcards. based upon a simple concept of a wslcard size canvas and the use of blue painL The divergty of artistic interpretation using the limited concept was IMessiVe. Around forty people attended the evening Art Exhibition. which provided a forum for so¢1 connection in addition lo formally shovrtasing and provNling an Jdio descripts.on of Indidual pieces of Irk as Ihey sho on canern. When we ¢l¢)sed our Community Project venues in 2020 due to COVIO-19 pandemic. our Creative Writing lass tutor ¢Jecided to gift her time to BlindAKI. $0 thal the doss cwld continue online Ihroughoul 2021. The attendees Irom Ihis class ueated some of the most W9nant and beautifully crafted vrritten wort¢ and poetry thi5 year. h has undoubtedly provide(l a much-needed ueabve outlel for our vulnefable seNice users, most of whom We shrelding for the 9ater part of 202012021 due lo ld[tional heatlh condibons. We thank our tutor Nichola and respect the gft of time on behall of our sere users duriwJ 8 very difficult year. Aids and Equipment: The charity aims to improve the quality of life of wsually impaired people by assisting them lo secure practical aids and equipment that facililate independenl liwng. BlindAid maintains a small stock of the most popular Msual aids and equipment for demonstrat or distribub'on to servicE users and upon request. orders for other products from various Spealist suppliers are made wthere needed. The Clothworkers Foundation Grant Award: BlindAid has enjoyed an enduring relationship for many ar$ with The Clothwofkers FouTrJalion and receives an annu81 grant of £,000 each year for distribthion lo benefioaries are nominated for a grant award by SSWS. or other professi781 workers know the indimdual semce userfs arcumstsnces. Applications for grants are made for aS and equipment that specffically SLJPPOrt independent living. In 2019 Clolhworkers changed the grant ard and rti.n9 timin9 to run from April lo March the following year. In previous years this had run between Janu8ry and December. This grant fvnding en8bles the charity to provide financial SuPrt and the purchase of a variety of aids. equipment {nol prowded by statutory services) and other items that aSst independent livmg. In 2020 Clolhworkers Foundation awarded BlindAid £50.1x and due to COVID-19 pandemic Clolhworker5 FJdats.0n awarded an addrtional £6,000 to 81indAid as a ortroff conlributK)n toward the increasing costs of distribub'ng their funding during Ihe pandemic. It was noted that in 2020, for the first lime and due spe¢ifically to COVID-19 pandemic reslri¢tions, BlindAid ountered timing and practical difficullw in getting aids and equipment delNered and installed as seamlessly as in preou$ years. Many deliveries required rearranging and some several tsmes. due to rKJmerous lockdowns. and many beneficiaries %%ere also anxious about hawng workmen in their homes to removelinstsll equipment. Even though additional BlInd'd resources were invested whTrch Ireased cost of slribulion of the funding lo In¢JAily_ The funding simpty could not be expended as efficiently as usual d therefo, £22,476 %dS pledged txrt not spent by 31 March 2021. In 2021 81indAid experienced similar pattems of difficulties resulting in an amounl of funding being pledged bul not delivered at the time of reporting amounlirrfj to: £12.420. 81indA¥J FKoNide5 finanixal assistsre for benefiuaries from this grant in various ways. Small grants are avrdrded lor ilems such as taking aids. micmvraves al talking scales for instance. and other small items under £50.. The lotsl in 2021 vrds £2.544 (2020 £3.420). The charity makes small awar¢ls to kncal organisations to help fvnd other wal activities for visually impaired people. - 81indAKI awarded £2.000 to Blackfriar5 Setllemenl pa in 2021 (2020 £2,cl. - BlindAid also awarded a grant lo Lewisham Taking New5 of £2.000 pabd in eady 2022 from 2021 funding. - BlindAid awarded a grant lo The VIP Singers of £2.000 paid in earfy 2022 from 2021 funding. The tharity awarded 114 irKIivKlual grants tolalling £29.Cffj3 {2020 98 grants £22.1061. 12
BUNDAID IREGISTERED NUMBER: 00986407) Report of the Tnthees for the Year End8d 31 D•c•mber 2021 The lotsl for individual grants. includes costs for sending out 500 81indAid large print calendars lo beneficiaries register to reve one each year and who rely upon them. and over 500 Chrisknas Cards lo beneficiaries would olherwse not receive a cwd. British Wirgloss for the Bllrrtl: BlindAid enjoyed 8 signfficanl, lOrstandIng relationship th BWFB. actiThJ as the a9ent for BWFB across all 12 Inner London Boroughs thich is a wde operaling a8. The charity held stocks of equipment and recordedlaudiled stock movement through many years. We also delivered and demonslraled how lo use, listenin9 devices Iradi05. cassette player5. CD players) for registered blind or partially sighted people. All equipment is maintsined or exchanged free of charye Su.eCI lo 8WFB criteria. In 2020 B11rd resigned as a BWFB Agent in 2020 and in order that 1ndAld beneficraries are not deprived of the services of BWFB. ihe tharity subsequenlly has Continued to make referrals to BWFB. who then arrange to deliver arKI demonstrate Ihe various listenin9 devices they offer. using th8ir own team of volunteers. Vlslon Foundation: Iprevlousty Gr•ater London Fund for th• 8l¢nd) BlindAid was a member charity of the Greater London Fund for the Blind {GLFBI. together with 9 other local charities serving blind and visually impaired within the M25 area for many years. GFLB acted as an umbrglla fundraisiThJ organisation on behalf of its member charitses and made allocations to members as contributions toward the provbsion of Iheir core seM¢es. In October 2019 Greater London Fund for the Blind repurposed and renamed th'r charity to The Vision Foundation at a formal launch event on 16 October 2019, which senior management from BlindAhl were in attendance. A consuifation penod followeil. and on 11 March 2020 represenlabves of the member charities attended a meeting to vote on the dissolution of the membership. Each member charty %Yas paid a proportionate settlement grant following this vote and the ceplance of the grant precluded futhr regular altsatKJns toward Ihe delivery of core servKes for intl and Visually impaired Fwle in London. BlindAid is a partner organisation with Vision Foundath)n and Contin a c(dIal and productive working relationship, and we will apply to Vision Foundation from b.me lo time for funding for specifTrc projects. BlindAid has subsequemiy established its ovm inhouse fundraigng team. Collaboration and Consultation- Throughcmjt 2021 BlindAid has continued lo actively see1( and remain open lo opw1unities to collaborate with other chanties and organisalions where it is mulually beneficial and seNes the charity's 8ims. This has remained more challenging during Ihe COVID-19 pandemic.. however. we have also joined more online webinars. and some online conferences have been tK)th infomative 8nd usefvl. The charity. Fyimallly through its Chief Execuli¥e. Owations Director, 8fKJ ¢xJr Fundraising Manager. maintains relalionships wth key wsual impairment forum5 and many other charities both local and national, within and outside the wsual impairmenl sec1. Bk"ndPid is aso a member of Visionary. ACEVO and the Association of Chairs amongst r$. During 2021 as in Prewws years ha¥p tinued to wcffk in $e palitY hth numerous olher charities either working in the gghl loss Sect an(Vor Ihose also supporti'ng elderly people n the mmurty. BlindAid regularly consults service users using struthred methods to ensure that their voices a heard, and their needs are being mel effectively. and this has 0rred MO frequently during 2021 Focvs Groups, as previously desffibed above. This hès included providing service users an independent voice through our day-to4ay contact wth servKe users. In 2020 8lindAid was approoched to with Healthwatch n the London Borough of Tower Hamlets in relation lo their Community Insights Repository. Healthwatch needed additional assistance to reach specifically blind and sUallY impaired residents within the Borough of Tower Hamlets lo complete online questionnaires relab.ng lo the digilalisation of healthca serve$ in the Borough. BlindAid SSWS played a key role in assisting c40 5ervio users who wished lo p3rb"cip8te in the promsion of feedback questsonnaires lo have their views and voices heard by the loeal authority. In 2021 BlindAK4 was approaehed lo work alongside Healthwatch wand$vrth in similariont working verrtures benefiting our benefiaaries. 13
BLINDAID {REGISTERED NUMBER: 00986407) Report of the Trustees forihe Year Ended 31 DKgmbw 2021 ACHIEVEMENT AND PERFORMANCE Strategy Review In 2016 the findings of signifKant independent research commissioned by BlindAid re carefully conside and almost all recommendations re include(J by Ihe Strategy Committee in 2017. This resurted in a significant ¥W of all the charitls activities. W1ndd continues to diligendy deliver to the agreeé five-year strategic plan. To ensu relevance and continuity strategy is reviewed annually by trustees and Senior management, taking account of benefiaaries. feedback. but re9ulady throughout 2020 exceptionally. BlindAid supports a total of c1.800 people throughout 2020. wtKJ are living th Varng degrees of sight loss and are resident in London. with the provisKn of various setvices ranging from guIdare and informalKJn to complex pfactical support. An analysis of the charitys database emdenced that on average serwce users most typically access fy•D of the thariws seNces. Sight Support SeThice and Community Projects. These fv40 services accessed concurrenuy provide a holistK and beneficBI development pathway for many of our teneficiaries. RNIB Slalistics12021} indicate ihere a c65.000 peop resident in the 12 inner London Boroughs Ytho are registered blind and M5ually impaired, however. it 15 also axepled, there are many more people living with Sight impairment tho are not registered. BlirbJAid csiSteIlY Seeks to increase the charity'5 reach with the trustees, endorsement of th"s charitable aim. The trustee5 determine that the charitys core activity should continue to te the alleviation of the social isolation suffered by many people with sight kn5s. and to serve this aim the trustees have endorsed substantsal inveslfflent from reserves into our core services in prewous years. To balance this planned expenditure.. a key pillar of the strategic plan was Ihat in conjunction wth Ihe investment from reserves to provide serwce for more beneficiaries year on year. the charity musl also develop its own ability to generate income and identify significant sources of sustainable new funding for the fubJre. In 2018 a fundraising consultant was ¢ommtssioned to contribute to the charity's fundraisiThJ strategy. and to work with the senior management team to support leaming and generate additional income for the Charity. This collabvalK)n was Concluded in 2019. with trustees endorsing training investment in BlindAid staff to realise the devekjpment of the intemal capacty to generate additsonal income for BlindAid. From January 2020 three senior staff adopted responsibility for fundraising. and %thilst there is a resourcellime cost to oflset, this is SnificanY less Ihan using external furnlraisers. It is imperative the charity raises sufficient extemal funding eventually lo vh)Ily support ils ts1 core semces going fomard and we aim to 8tt8in this thin 2-3 years. The revenue generated in 2020 ma(Je 8 Positive impact upon the charitys income for the year with a lotsl of £240.000 secured to SUPPLYt core services. The charity continues to invest the ts.me essenti81 for pursuing referraL8 proactively and so engages wilh other organis8b.ons in ts area of operab.on as well as Ial authIlle$ to secure 8s many referrals on behalf of people in need as possib. BlindAid ¥%elcomes referrals from any organisab"Ms across its area of operation. People living wth sght loss do not need to be registered to be supported by BlindAid and beneficiaries may also self-refef. or lhr familymriends may make referrals on their behalf wth their permission. Throughout the past few years. the charity has undertaken swific alYSIS with bolh beneficiaries and staff tr) ewdence and identify primary categoiies of beneficiaries. Whilst four broad groups were eStalSd fc practical working melwologies: these can be genericly spknt inlo main cohoris of beneficiaries. 1. People {18-601 may be newly diagnosed andlor suffering awte impacts sight loss and who. with guidance and support can w¢yk yth trir Sighl Support W¢yker toward establishing and gaining greater range of independent living. 2. People160-1(x)+} vkno have significanusevere sight knss: but 81so suffer from addition81 complex health ondilion5. who because they are also partIcUrIY isoLgled. V•ill have need of long-term 5UPPOrt from Blind'd. some lo the end of their lives. It is for this second category of bene"arieS who are living wlh chroni¢ sets ol circumstances that Nthilsl they may be improved, may not be readily resolved that BlindAid musl retsin some more substsntial ieserves to continue to offer longer term seNce vknere Ihere is enduring identified need in the communrty. For these people. we mindlulty reassess al regular mileslone intervals to delemine continues to be appropriate that servtee is not th.me h'mited. 14
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Trustees for the Yr Ended 31 D¢wnber 2021 ACHIEVEMENT AND PERFORMANCE f¢wth4dJ In addition to serving our beneficiaries, 1ndA'S key strategic objective is to contir its est endeavouts to source sufficient extemal ndIng to finance its wtal Sight Supwrt Service. FINANCIAL REVIEW Total IomIng sourceS for 2021 were £285.012 tS beirvj a decrease of 103% from 2020. {2020 £580,846). 2021 was the sewnd year of the COVID-19 viru5 global pandemic. In 2020 the Govemmenl made grants available for the supp¢M of charities arKI B¥ndAid benefitted from the Speur C-19 knding as we successfully secured £174.2W for Blindpid. For m8ny years BlindAid was a member of the Wtsion Ftsjndation. pwously Greater Lond Fund for the Blind IGLFB} vthich used to undertake Publ fundraising on behalf of its member5', 9 smaller visual impairment charities. As 8 member. &in¢JAid ceIve(l 10% of Vision Foundation's income each year. In 2020 The Vision Foundab'on dissolved the membership and paid each member Charity a transition grant, which for BlindAid was t180.0. This vrds a final settlement figu. Therefore. 2021 ts the firsl year that BlindAid did not receive any al10catKS tovrdrd 81indAid's core Sight Supwrt See. charity elVeS income Irom legacies. often from former 5er¥ice users. By its nature. such income is not possible lo predi¢l and thus can vary signrficantly from year to year. In 2020 the charity received a small legacy of £200, from the son of a servKe user. (2020 - £1.CIX)I The charity also ceIVed donations lotalling £221.753 an increase of 52% on {2020 - £146.080}. This figure includes a grant of £50,000 from The Ck)thwykers' Foundalion. BlindAid disburses thi5 furKling in grants for visually impaired people and some small organisations for people th sight loss on behalf of Clolhworkers Fourthtion annually. The other Sour of income for Blindmd is from the charitys investsment portfolio. In 2021 the charity received £63,059 in dividends. this being a small decease (2020 - £68,366). The redu¢tson in income yield is threefold.. 1. It reflects the trustees. decision to move the charity5 Investment fu1$ lo more Secu holdings presenting less financial nsk which was completed in Spring 2019. This dSn which wa5 promoted by the prevailing financial dimale driven by the then impending Brexit" the UK left the EU on 31 Jan 2022. 2. The prevailing glob81 COVID-19 paThJemic and tt)e resulting financial uncErtaintses. 3. BlindAid sells some of its inveslments aMu811y to fund ils ongoing operational activitss,. in 2021 £460.OC investments were sold to fvnd Ihe tharity's operation5. For comparison.. in 2020 £200.CW and in 2019 £600.000 - this being the more typical amount sold in the previous few years. In 2020 the invesknent p)thlio saw a net gain on inveslments of £273.549 and improvement on the 2020 net loss of £50.688. In the past tND years BlindAid has sNJntheanUy eded the element of reserves invested in Ihe direct furtherance of the charitys strategic objectives. Al the outsel of wr prevtous five-year stralegic financial n. il was aCkn0ed9ed, that by 2019120 the charity would commence ils own fundraising campaigns. This pnI in our fiscal plannbng was both expected and Fdanned for. HoN%Ever, at thi5 importsnt tr8nsilion point for 81irKIAid we also saw the impact of the Se¢ of Ihe COWD-19 global pandemic. which naturally brought the charity's finanS into to sharp focus. 15
BUNDAID IREGISTERED NUMBER: OD9064071 Report of the Trustees for the Year Ended 31 D¢umb¢r 2021 FINANCIAL REVIEW 1¢ry)1•jj During 2020 and again in 2021 the trustees and senior management have scnjtinised the charitys finances regularly. It was established early in 2020 that BlindAid would empk)y conserwalive fiscal management. throughout the period of the pandemic and Ihat this would be intentionally pursued to achieve prudent costs savings, which have en attained. 11 4Yas further delemiined that due lo the long-term financial consequenceslimpact Ihal may result from the cov119 pandemic. that the charity must now resolve to work to actively reduce its defKil expeNlilure year ¢)n ye unll the drity attsins a breakeven pnt. Operational stabilty B vital and cruaally urKlerpins our increasingly important fundraising Campaigns and il was therefore aCknOed9¢d that transilion to breake¥en operational slalus cannol be attained in the immediale lemi. Thereffxe. in 2021 the deficil was £171.(61 vms a deuease in expendilure of 39%12020 £280,326) and is saving of £109,265 on the PoU$ year. This refiects in part the continuation of the charilrfs investrnenl in its serM¢es, bLrt also cost sawngs bwng altsined ye¥ on Jear. Total resources expended We £729,622. 8 decrease of 1(Ph12020 £810,484). and12019 £1.036.567}. The approved budgeted expendrture for 2021 at £710.446 and so the Ye closed ahead of budget by £19.176. much of vthich can be offset by 1ked for and 1hefore not budgeted for repairs at Lantem House. Investment policy The chariVs policy is lo invesl ils assets across a rar¥Je of asset classes lo generate turnS. through income and capital appreciatKJn. to SUppt its a¢ti¥ities ow the Iger twm. The Charit5 trustees determined lo move some of the charitys investments funds 10 8void undue risk Ythich Was completed in April 2019 as OUSlY stsled. For clarity. investments prewously held in Charifund. UK equilEs trust managed by M&G were transferred lo L&G and invested in both UK and lnlemats.onal Index Trusls. Investments managed by CCLA in COIF (Ch¥its of81 Invesknent Fund) were transferred to CCLA'S new Diversified Fund. Given that have emerged from the pandemK into a more inflabonary environment. wthich creates more investment volalility. the investments both CCLA and L&G have been reviewed in 2022 1th a view to reducing risk wythin the investment pcwttolio by ld1rj more in liquN8ity funds {i.e. cash altemativesl- FINANCIAL REVIEW Reserves policy BlindAid mainiains a restricted endovm)ent fund in accordan wth dor. requirements. We a currently 8nalysin9 whether the excess funds held in the endobwmenl funds (i_e. above the level of indexed funds requi to stay in Ihe endowment) may be wilhdrawn lo fund some of the increased ¢a5hlliquid asset requirement. In prewous years Ihe Iruslees estsl$hed designated funds to cow&r.' fixed assets lirtluding the refurbishment costs of the chariws offices completed in 20171., and prqecied costs of operatin9 the community projects. 16 Mah 2020 all three of 81indAirts Community Projects re dosed due to COVID-19 pandemiG. During the year. it was deoded that BlIndd ¢annot tinue to Ver the cost for all Ihree Community Projects from its ovm reserves. Therefore. the charty began fundraising to Sere exlemal fvnding to sustain ils centrally located Camden Community Project over a further five-year pericwj. In 2021, BlindAid Ylas awarded lunding from The City Bridge Trust of £81.3LXI lo support the Camden Community Propcl for Ihree year period, with an opb.on to then apply for 2 years exlension funding. For many previous years, trustees agreed BlindAhJ should operate a strategic defial budget lo invest surF4us reserves to expand the Charit$ SerW in suppcKt of Londoners liviThJ wlh Sh1 loss. As a result. an operatsng ert (i.e. before gains or losses on invesknents) has been made for the past 16 years or so. 16
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Twstees for tho Yoar Endgd 31 D•cember 2021 Reservos poli¢y {¢11) The Iruslees acknoedge Ihal building and attaining Ihe capacity inhouse to secure sulent exlemal income streams lo support BlindAid's core sermces, thtyll take time. This financial transfomiation Cannot be achieved quickly substantial impact lo Blin¢JAKI's pvalling excelnI reputation for consistent, quality service delivery. Therefore. rt is agreed that the chaiity will bwrk consistenlly to reduce costs resulting in substantial reductions in the size of the deficit bets year on year to support this transition vh)ich is now BlindAid's financial goal. It is our aim to reduce our experKJi1u %1)e possible year on year whilst simultaneously increasing extemal funding. making the operational transilions essential lo attain first, a breakeven bu¢Jget and second a surplus. The trustees have Conside the minimum level of free feserves i.e.. lotsl reserves ex¢luding restricted. endowTnenl funds reqUId to support the tharity's operations. Relevant fad¢ys Ir1(0 pro11ed financial performance and an assessment of the iisks lo the ¢hariWs existrng inwme streams. It has been determined that. given the rlan of &irKIAid on ils investments to fund OFerating expenses, along with the more volatile investment environment as a result of higher inllation l%thich is also likely to increase BlindAid's costs). a higher casmiquid asset buffer should be maintained of around 12-24 months of requi expenditure {based on the average deficil of the last few years). This is to be ackn'oned following the trustee meeting rf a majority are in agreemenl. The poIY underfying fact¢ys are C(idered annually. aTrJ Ihe miniMn reserves requirement is, therefore, expected to thange over time. as the inveslment QudcL and lundin9 posilion dwges. Going concern The Iruslees consider the charity a going concem. There are sufficient reserves to support Ihe planned operaling activities ol the charity. PLANS FOR THE FUTURE Specific obj'ectives for 2022 are.. 1. To cL¥inUe lo guide BlindAid though the legal. eCon¢)M. emotional, and praclScal fact(ws that the COVID-19 global pandemic will piesent to the charity throu9h¢yJt 2022 and beyond. 2. Continue to review finance invesknent strategy to move to a financial breakeven from 2023 foard. 3. To support succession planning. recwit a number of new trustees. 4. Launch BlindAid's Syht Suppwt Pathway in cotlabor8bon wlh parther organisations. 5. Develop BlindAid's fundraising capabilrty lo source extwnal fvnding fc the Sight Support Service. 6. Continue to recrurt and deploy volunteers delNering ancillary semces. 7. Monitor BlirKIAid's new Hybrid Sight Support Serv. 8. Seojre exlengon funding for SHARE LONLK)N. 17
BLINDAID (REGISTERED NUMBER: OD9864071 Report of the Trustees lor the Year Ended 31 Decemb•r 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is c¢)ntrolled by its goveming d¢xument, a deed of trust. and nStituteS a liniled company. limited by guarantee. as defined by the Compan*s Act 2006. OirectorsThrustees The Members of the charitys Board seNed thJring Ihe year are ihe Oirectors of the Company under the Companies Act 2006. Current Members are hsted on pa9e 19. Board Members are trustees 4thin the meaning of the Ch8rites Act 2011. Members are appointed by the Board.. detals regarding the method of appoirthent •)d remowal of Members are in the Ch8ritls Arte5 of Assooation. New Board Members receive irHJuction and training 8PPW8te lo their experience of Irusleeship and knowledge of the field of visual impairment. Al are encouraged to invest time visiting head offKe to understand each employee's work, and to spend time out each yEar with any of the Sight Support Workers meeling some of our Service Users first hand. Trustees are encouraged to attend the annLtal celebration ol the Charills work. to join slaff training days. to wsit 1ndAld community projects lo engage with servi users and lo understand the work the Charity undertakes to provtde sknlls for blind and visually impaired people lo maintsin their dependenCe. The powers of the Board are described in lh8 Arlides of Asswiation. The Board holds four meetings each year. Each Board Meeting is preceded by a meeting of the Finance & Resource Ccrfnmittee Chair: Honorary Treasurer 8ThJ including the Vice Chaif and ihe Chief ExeLwlive. The tlay-lo-day management of Ihe charity is delegaled to tt)e Chief ExUtive urvJer the 8oarrfs supemsion. Risk m•n4g¢ment The Board revievo the charis risk register quartwly enVY. bul at least annually. The work of Sight Support Workers {SSWsl in wowding guidance and SUPkY)rt lo vulneratrle people implies a duty of ¢are. Safeguarding is of paramount concem and featu$ annually in the tr8ining sche(lule. The Operations Director has over5ighl for the planning of Ihe curriculum for the on-going vocatTron81 training for the whole team, including volunteers. The charity recognises the importance of stsff supervision, and 811 SSWS attend supervision meeb.ngs every hvo V+Eek5. The Sight Support Team Leader focuses on induction training for new Sight Support Workers. as well as fOrtnhl1Y staff superv?sion meeb"ngs. The Team Leader also supervises perf0rrnan management to ensure Ihal 311 SSWS operate wthin agreed quality standards. The charity also acknowledges its duty of care to its staff in latiOn to remote working in the community. The charity has reviewed administration and finare luncts.ons (last in February 20211 and is satisfied that systems are in place to mitigate its exposure to its mai?r risks. 18
BUNDAID (REGISTERED NUMBER: 00986407) Report of the Trust¢OS forft Y•ar Endgd 31 December 2021 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number c986407 {England and Wales) Registered Ch* numb•r 262119 Registered offKe Lantern House 102 Bemondsey Street London SE1 3UB Trustees A Pankh8nia- Chair M Gaffar- Hon. TaSurer T Barnard F M Hibbert K Ramo A Saunders R Holdsworth (appointed 24.11.21) O Brecker (resigned 24.2.211 K Cox {resigned 30.6.211 Company Secretary S O'Hara- Chief Exe¢ulive Officer Auditors Knox Cropper LLP (Statutory Avditorl 65 Leadenh811 Street London EC3A 2AD Bankers Uoyds Bank PLC Camberwell Green BrarKh 25 Camberwell Green London SE5 7AB Accountants Brayne. Williams & Bamard Limited Rosemounl House Rosemount Avenue West Byfieel Surrey KT14 6LB 19
BUNDAID {REGISTERED NUMBER: 009864071 Report of the Trustees the Year Ended 31 De¢ember 2021 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also Ihe directors of 1ndaRd for Ihe purwses of MpanY lawl a responsible for preparing the Report of the Trustees and the ffinanual ststements in &cordance hth ap ltable law and United Kingdom Accounting Stsndards (United KIn10M Generally Awted A¢coLmb"ng Practice). Company law requires the trustees to wepare financial s<ements for eh financial year vknich give 8 true and fair wew of the stste of affairs of the charitable company and of the incoming resources and 8ppIic8tion of resource5, including the income and expenditure, of the charitable company for thot perilxl. In preparing ItrKJ5e financial statements, the trustees are required to select suitable accounting poIleS and Ihen aOy them constslenty. observe the methods and prinuples in the Charity SORP: make judgements and estimates that are reasonable and prudent- prepare the finanaal statements on the going concem basis unless il is inaprKopriale to pSUrne Ihat the charitable company will continue in business. The trustees are responsible ffx kwng proper accounting record5 which disc105e with reasonab accuracy al any lime the financial $lln of the tharitsble company and lo enable them lo ensure that the financial stslements Comply wth the Companies Act 2006. They are also re5pon5ible for safeguarding the assets of Ihe charil8ble company arKI herKe for takn.ng reasonable step5 for the PreVenn delection of fraud and other IegularitIes. In so far as the Iruslees are aware". there is no levant audrt infomalion of ¥ch the charitable CoMpanS auditors are unaware: and Ihe trustees have taken all steps that they ought to have tsken lo make themsefves of any levant audit information and to establish that the auditors are aware of that infomialK)n. This report has been prepared in accordance Vith Ihe special provisions of Part 1 S of the Comp8nies Act 2006 relating to small companies. Sep 20. 2022 Approved by orderofthe board oftrustees ............................................ and sigrd on its behalf by. S O'Hara- Chief Executive
R•port of the Independent Auditors to the Membevs of Blindaid Oplnlon We have audrted the finartial ststemenls of Blindaid {the 'charitae companl) for the year ended 31 December 2021 whith comprise the Slalemenl of Finanual Athbes, the Balan Sheet, the Cash Flow Statement and notes to the finanual slalements. including 8 Summary of signfficant aCntIng policies. The financial reporting framework that has been 8pplied in their preparation is applicable law and United lfjngdom Accounting Standards (United Generally Accepted Accounting Pracbol. In our opinion the financial ststements= give 8 true and fair view ol the stste of the ¢haritsble CcmpanS affars as at 31 December 2021 and of its incoming resources aTrJ al¢ation of resources. induding its income and expenditure. for the year Ihen ended., have been properly prepa in accordan with Uniled lfjngdom Generalty Accepted AlUntirj Practice", 8rn1 have been Fyepared in acCoanCe 7Mth the wuirements of the Compan$ Act 2C(6. Basls for opinion We conducted our au(t in accordance wilh Intemalional Standards on Auditing {UKI IISAS (UK)) aThJ applicable law. Our responsibilities under trSe standard5 are Ither described in the Auditors. responsibilities for the 8u(Jit of the financial statements section of our rekxvt. We are independent of the charitable company in accordare with the ethical requirements Ihai a relevant to our audit of the financial statements in the UK. including the FRC'S Ethul Standard. arKI we have ffiJlfilled our other ethical respon&bilities in accordan with these requirements. We belyeve that the audil emdence we have obtained is SLrfficient and appropriate to prnde a basis our opinn. Conclusions relating to golng concern In 8uditing the financial sialements. we have concluded that the trustees. use of the going cern basis of accounting in Ihe preparation of the financtal statements is appropriate. Based on the work we have performed. have rnl l¢jenti any materi81 uncertainties relating to events or conditions that. irKINidually or cc4le¢tively. may cast 5tgnffi¢ant doubt on the charitsble company's ability to continue as a going for a period of at least h¥elve months from when the financial statements are aulhorise(I for issue. Our responsibilities and the wponsibilities of Ihe trustees wilh respect to ping concem are described in the relevant sections of this report. Other inform•tlon The trustees are responsible for the other inf(Kmion. The other infomiatw comprises the information included in the Annual Report. other Ihan the finan¢kg1 slalements and our Report of the Independent Auditors IhereLY). Our opinion on the financial 5tstements does cover the other infcrfmatton and. except lo the exlenl olhewse expli¢iUy stated in our report. we do not express any forrn of assurance CAyKlusion Ihereon. In connection with our audil of the financial statements. our responsibility is lo read the other infomalion and, in doing so. cOnder whether the other information is materially inconsistent with the financial slalements or our knOedge obtsined in the audit or otherwise appears to be materially misstated. If we identify sLh merial inconsislenoes or apparent material misstatements, we are required to delermine elher this gives rise lo a material misststement in the finanual ststements themselves. 11. based on the work we have perfomied, ¢ondude that there is a material misstslement of this other inf(xmabon. ¥e required to report that f8cI. We have nothing lo report in this regard. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in Ihe course of the audit.. the infomialKm given in the Report of the Trustees for the finala1 year for ¥*tiich the finala1 statements are prepared is consistent with the finarKial ststements,. and the Report of the Trustees has been prepared in accordance applicab legal requirements. 21
Report of th• Ind•pnd•nt Auditors to the Membels of Blindaid hlatters on which we arè required to vewt by exception In the light of the kn<wAedge and understanding of the chafitable company ar#J its environment obtained in the course of the audit. we have nol identiffied malerial misstslemenls in the Report of the Trustees. We have notrmng to p)rt in sPeCI of ihe f(AlowirKJ matters the Companies Act 2006 requirws us to report lo you rf. in our opinion.. adequate accounting records haNE not been kept crf retums adequate for our audil have not been received from branches not visile(I by us: or the finarrial statements are not in agreement with the accountin9 records and retums" or certain disclosures of trustees. remuneration speofied by law are not made" or we have not received all the infomiation and explanations we require for our audit: or the tiuslees were not entitled to lake 8dvantsge of the small companies exempl from Ihe requirement lo Prepa a Strategic Rep¢yt or in preparing the Rewrt of Ihe Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsbilities. the trustees {V*ho are alw Ihe directors of the charitable company for the purposes of company law) are responsibk for the preparation of the financial statements and for being sa11sfd thal Ihey give a tnJe and fair wew. and for such inlemal control as the trustees determine is rtecessary to enab Ihe preparation ol finala1 slatemgnts that are free from material misstatement. whether due to fraLxI or ernr. In preparing the financial ststements, Ihe trustees are responstble for assesslng the charitable comp8nrfs ability to continue as a going concem. disdosing. as applicable, matters lated lo gting ¢oncem and using the going concem basis of accounling unless the trustees either inlerKI to IK4uMJate the charitable company or to cease oper8bons. or have no reaiisiK 8llemab.ve bul to do so.
Report of the Ind•pendent Audltors to th• Membws of 81indaid Our rosponslbllillos for the alIt of the financial statsments Our ¢)bjectives are to obtain reasonab assurance about vthether the financial statements as a vthole a ffee from material misslalemenl, v+hether due to fraud or error. and to issue a Report of the Independent Auditors that indu¢Jes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit ¢¢duCted in acc(Ydance ¥th ISAS IUKI will always detecl a material misstatement when it exists. Misstatements ¢8n arise from fraLMJ or error aThY are considered material if, indiwdually or in Ihe aggregate, they could reasonably be expected to Inffluee the econom decisM)ns ol users taken C Ihe basis of these financial statements. Irregularities, including fraud. are irtstsw of non-compliance lav•S and regulations. We design procedures in line with our $()nSibil[bes, outlined above. to delect material misstatements in respect of irregularities, irKluding fraud. The extent to our Pr(edureS are Capable of detecb'ng irregularities. including fraud is detailed below. -we obtained an understsnding of the legal and ul#tY framehrwks that are applble to the charitable c(ynpany and delemiined that the most signrficant are the Statement of Recommended Pra¢lice 'A¢counling and Reporting by Ch8ritses' ISORP). in accordance wilh Ihe Fi1#1 Reporting Standard apph'cable in Ihe UK (FRS 102) and the Companies Acl 2006. -we understood how the charitable cNnpany is complying those frameworks via communution 1th Ihose charged wth govemance. together V•ryth the review of the ¢haritls dc¢umented pglicies and procedures. The chaiilable company is required lo comply wrlh both company law and charity law and. based on our knowledge of its ath"vities. we idenbfied that the legal requiremenl lo accurately acwunt for restried funds was of key Signth&in. -The audit team, vthi¢h is experienced Ihe audit of charib"es. Considered the charitable CoMpanS susceptibility to material misstatenient and how fraud may crxur. Our considerations inclu¢Jed the risk of m8nagement override and allo¢atKJn of cosls to charitsble activTiies ar restricted funds. -our approach was to check that the income frryn donabons. granls arKI legacies Yre property identified and accurately disclosed, that expenditure complied wilh the ntr¢ procedures and was appropriately charged. We confirmed the movements an¢J in¢ome from inveslments. including unrealised gainsllosses. We also reviewed journal adjustments and unusual transa¢tions and Considered the identificahon and disclosure of related party transactions. A further description of our reSpOnbIllI1eS for Ihe audit of the financial statements is Ictsled on the Financial Reporting Counul's website at ¥.fr¢.Qrg.uklaI1orsresJnslkn.litles. This descriplion forms part of our Report of the Independent Auditrjrs. Use of our report This report is made solely lo the charitse comp8nls members. as a IK4Jy. in aance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo Charitab CLxmpanls members those matters are required to stste to them in an auditors, report and for rKJ other purpose. To the fullest extent Fermitted by law. we do not accept or assume SpOnsIbl11ty to anyone other than the charitsble company and the charitable companKs members as a body. for our audit work. for this POrt, or for the opinions we have formed. Shoaib Arshad (Senior Statulrxy Auditor) for and on behalf of KrX Cropper LLP (Ststutory Audr(or) 65 Leadenhall Street London EC3A 2AD Date.. Sep 20, 2022 23
BUNDAID Statement of Financial Activities for the Year Ended 31 Doumb•r 2021 31.12.21 Total funds 31.12.20 Totsl funds UnrncledRe5trICted furrfjs furK EndowTnent fund Noies INCOME AND ENDOWMENTS FROM Donations and bgacies 171.953 so.000 221.953 338.280 Investment income Othef InMe 63.059 63.059 68,366 174,2C() Total 235.012 50.000 285.012 580.846 EXPENDrruRE ON Raising funds 61793 62.793 57,156 Charitable activiti•s Community Sight Support service Soulhwark Community Project Camden Community Project Tower Hamlets Communrty Project Grants 8ig Lottery Share LorKI 562,963 589,202 24.821 18.894 20,854 39,681 59,876 11.431 58.828 31607 45.038 58.828 Total 696.015 33.607 729,622 810.484 Realised & Unalise¢j gains I {Ios5esl on investments NET INCOMEI{EXPENDrruRE) {195.404) 16.393 7.950 {2PAJ.3261 RECONCIUATION OF FUNDS Total fvnds brought forward 2.380.519 32.662 434.443 2.847.624 3,127,950 TOTAL FUNDS CARRIEO FORWARO 2.185.115 49.055 442.393 2.676.563 2.847,624 The note$fn part ofthesefinancial st3twnts 24
BUNDAID (REGISTERED NUMBER: 009864071 Balan¢e Sheel 31 December 2021 31.12.21 Total nds 31.12.20 Total funds UnSttedResl1ted fvrKIs fvnds Endowment fu1 Notes FIXED ASSETS Tangible assets Investments 14 313.564 15 1785 043 313.564 2.227.436 324,839 2.413.887 1098.607 442.393 2.541.000 2,738.726 CURRENT ASSETS stks Debtors Cash in hand 16 17 1.563 101.907 1.563 101.907 55.631 1,563 47 135.304 49.055 110.046 49.055 159.101 136.914 CREDITORS Amounts falling due thin one year 18 {23.5381 123.538) 128.0161 NEf CURRENT ASSErs 86.508 135.S63 108.898 TOTAL ASSETS LESS CURRENT LIABILITIES 1185,115 49.055 442.393 2.676.563 2,847,624 NET ASSETS 185 115 2 676 563 2 847.624 FUNDS Unrestricted funds.. General fund Fixed assets Strategic pland defiot 19 1,671.551 313,$64 1.155.680 324.839 900,000 2 185 115 2 380 519 Restricted fvnds Endowment funds 49.055 442,393 32.662 434.443 TOTAL FUNDS 2.676,563 2,847.624 These financial statements have been prepared in acc(vdance Ihe proS1OnS appluble to charitable companies subj'ect to the small companies gIMe. The financial stsleMts tre approved by Board of Trustees and authoris&J for issue on SèP'20'."2022"'"""""'"" . and ere wgned on its behalf by. A Pankhania- Trustee K Gaffar- Truslee notesform partofthese financial ststements
BUNDAID Cash Flow Statement for the Year Ended 31 Decemb•r 2021 31.1221 31.12.20 Notes Cash flows from operating activities Cash generated from ryrations 279,7501 Nel cash used in operating activilies 5¥026 279.7501 Cash flows from invasting actlvltigs Purchase of tsngible fixed assets Sale of fixed asset inveslmenls 'vidends received 18.706 460,000 63.OS9 12,815} 200.000 68.366 Net cash wovided by investir¥J actbwties 514.353 265.551 Change in cash and cash equivaknts in the reporting period Cash and cash equivalents at the beginning ol the reporting rIOd (79.673) {14.199) 149.503 Cash and ush equlval•nts at the end of th• reportlng perlod 55,631 135.304 The notesform partofthesefinancial ststements
BUNDAID Notes to the Cash Fl¢)w Statsment lor the Year Ended 31 De¢embeT 2021 RECONCILIATION OF NET EXPENDMJRE TO NET CASH FLOW FROM OPERATING ACTMTIES 31.12.21 31.12.20 Nèt eXndItUre for the reporting p8riod las per the Statemont of Financial Activitiès) Adjustmants for: Depreciation ¢horges Dividends received Re81ised and unrealised Igwnsyloss on Ilncreaseydecrease in deb Decrease in ¢dItorS {171.061) {280.3261 19,981 163.0591 1273.5491 {101.8601 4.478 21,533 168.366) $0.688 12,864 16,143 Nel ush used in op•r*ions 594.026) 279.7501 ANALYSIS OF CHANGES IN NET FUNDS Al 1.1.21 Cash Itow At 31.12.21 Net cash Cash at and in hand 135.304 79.673 55.631 Total 135.304 79.673 55.631 The notesform partofthese financwl statements 27
BUNDAID Notes to the Financial Statements for the Year Ended 31 Deumbw 2021 ACCOUNTING POLICIES Basis of pr¢paring the financial statements The financial slalemenls of the tharity. 1¢h is a 1C benefit entity under FRS102. have been prepared under Ihe historical cost Conventi the exception of investments which are included al market value. They have en prepared in aCC3nce vAlh apKlc8b1e Unrted Kingdom accounting standards. the requirements of the Statement of Recommended Pracli¢e' Accounting and Reporting by Charilies. ISORP 2015}. Ihe Financial Reportir¥J Starthrd applicable in the UK IFRS 1021 and the Chanties Act 2011. Income Income is recognised en the charity has entiuemenl to lh8 fvnds. any performance Conditions attached lo the itemlsl of income have been meL il is wobabb8 that Ihg income wll be received and the amount can be measured reliably. For bgaryes. enliuemenl is taken as the earfier of the date on which either.. the charity 15 aware that obate has been granted. the estate has been finalised and nob"fication has been made by the exe¢utorfsl to the Trust that a distribution will be made. or vthen a distribution is received from the eslale. Receipt of a legacy. in whole or in part. is onty conSided probable when the amount can be measured reliably and the charty has been notrfied of the executorf5 intentn lo make a distribution. whe legacies have been notsfied to the charity. or the charity is aware of the granting of probate. and the criteria for income recognrtion have not been met. then the legacy is a treated as a contingent asset and disclosed if material. Expenditure Liabilities a COgnIsed as expenditure as s(y)n as Ihere is a legal or constwctive obligation committing Ihe ch8rity to that expendrture. it is probable Ihal a transfer of economic benefits will be required in setllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 8ccru81s ba$ and has been clafied under headings that aggregate all cost related io the category. Where costs cannot be dI¢11Y attributed lo partlar headings they have been allocated lo actmlies on a basi5 cijnsistent the use of sOl¢e$. Grants offered subj'ect to conditsons %thich haNE not been met al the yeaT end thle are noted as a commilmenl tyjl not 0rue as expenditure. Ral$lng funds Raising fvnds indudes all expenditure incurred by the charity to raise funds for its charitable purposes aThJ includes costs of all fvrKlraising adi¥ities. events arKI rnn<harilable Irading. Governan¢e Costs These represent those costs attr1bvtsb to the management of Ihe charitys assets. organisational administration and compliarKe wth eonsirtukn.onal and statut¢)ry requirements. Allocation of support costs Support costs are those functn5 that assist Ihe vrtyk of the charity but do not directly undertake charilable activities. Support costs indude back office costs. finance, personnel. payroll and govemance costs whith supwt Ihe charity's programmes and activilies. These costs h8ve been allated befy¥een cost of raigng fvnds and expenditure on ctsilable actsVits. The base5 on which support costs have been allocaled are set out in Mte 8. Tanglble Ilxed assets DeCIation is proMded at the follo%¥ing annual rates in cyder to write off eath asset over its estimated useful lrfe. Fhold Fyoperty is accounted for w a component cost basis with eath componenl bein9 depreciated over its economic lrfe as shohw lOw. Frvhold Property Fabric of building- Over 70 yaars Doors and wndows- Over 20 years PartitH)ning- Over 10 aT5 Other Assets Fixtu5 & fittings- 15% on cost & 4% on st Comwler & office ewipment- 25% on cost
BUNDAID Notes to the Financial Statsments - continued for the Year Ended 31 December 2021 ACCOUNTING POLICIES- contlnued Stocks Stocks consist mainty of small iterns of aids equipment and are sLited al the lower of cL)st and net realisable value. Taxation The charity is exempl frcxn corptyath.on tax on its charitst4e activities. Fund accounting General funds - These are funds Nthrch can be used aeeordanee ryth the charitrfs tharilable objects at the discretion of the board. Designated funds - These ¢prIse unrestricted frJnds that have been set aside by the tfustees for particular purposes. The aim and use of each (lesignaled fund is set oul in the notes to the financial statements. Restricted funds - These lurKls are 5ul4.ecl 10 5peryfic restricli¥e conditions imFosed by don$ or funds received for speafK purposes and projects. Endowment funds These are represented by a permanent endovKnenl fund, the BlindAid Fund, whh stipulates that the cawtal of the fund must be retained and cannot be spent. The BlindAid Fund is wholly invested in Legal & General Intemalional Index and Legal & Gèneral UK Index 11$ (see note 151 and income arising from the Fund is used for charitable activities. Pensions The chm operates a define(I contribution pension stheme for the benefit of its emF4oyees and directors. The assets of the scheme are held separately from those of the charity. Contributions payable are charged lo the Statement of Financial Activibes in the year they are payable. Temiination nefits Termination tenefils are payatle employment is temiinated beth the n¢)rmal retirwnent date , or whenever an employee accepts voluntsry undan¢Y in exchange for these benefits. The charity recognises termination benefits wthen it 15 demonstr8Y eommitted to either lil tem)inaknng the employment of currenl employees according to a detailed formal plan wrthoul possibility of withdrawal or lill provKling temiination benefits as a result of an offer made to encourage voluntsry redundancy. Donated services and facilitie5 Donated professional serwces and thsnated facililies are reClsed as income wthen the charity has control over the item. any conditions associated with the donated item have been met. the receipt of economic benefit from the use by Ihe chanty of the item is probats and thal economic benefit can be measured reliably. In accordance the Ch8ri1ies SORP IFRS 1021, the 9eneral volunteer time given lo the charity is recL)Jnised aNI refer lo Ihe trust. wnual report for more infi)mHtion about thew contribution. On recwpt. donated professional services and donated faCFIeS are recognised on the basis of the value of the gift to the charity vkni¢h is the amount the charity N*)uld have been wlling to pay to obtain 5erwices or facilities of equivalent en(MI¢ benefit on the open markeL a correspondng amount is then recognised in expenditure in Ihe period of receipL Investments Investments are induded in the Ba1ce Sheet at bid-marf(et value. GaNis and losses on thsposal and revalual¥)n of investments are credited or charged to the Stsiement of Financial Activities. Investrnent income and gains arising on enth)wment fvnds are accounted for on a totsl return basis.
BUNDAID Notes to the Financial Statements - continued lor the Year End•d 31 D•c•mb•r 2021 DONAnONS AND LEGACIES 31.12.21 31.12.20 Allocations by Greater London Fund for the Blind Clothworkers fundirwJ Big lottery funding Corporate donations General donats"ons. grants and trusts Legacies 191.200 56.000 30,098 14,865 45,117 1,000 50.000 28.89B 1,683 141,172 200 221,953 338.280 INVESTMENT INCOME 31.1221 31.12.20 Investsnenl incc*ne fr(rfn listed inves1mts 63.059 68,366 The shares in Lantem House Managem1 Limited prO(lU no inwie. OTHER INCOME 31.12.21 31.12.20 COVIO-19 Grants 174.200 RAISING FUNDS Ralslng donatlons and lagacl•s 31.12.21 31.12.20 Stsff costs Advertising for legacies Profe5sion81 fundrais¥YJ Support costs 51.459 675 46.367 532 10 62.793 57,156
BUNDAID Notes to the Financial Statements. continued for th• Y¢ar End•d 31 December 2021 CHARITABLE ACTivrriES COSTS Gra fvnding of ¥¢tlvltles (see nole Support sts ($ee note 8) Direct Totals Communty Sight Supwt seThice Grants Big Lottery Share LorKlon 343.317 219.646 11.431 28,673 562,963 45.038 58.828 33.607 30,155 373.472 33.607 259.750 666,829 Grant fldIng of activities (see note SuppNt costs (see note 8) Direct Costs 2020 Comparati 7) Totals Community Sight Support service Southwark Community Project Camden Community Project Tower Hamlets Community Project Grants Big Lottery Share London 368,378 10.423 4,496 6.456 220.824 14.398 14.398 14.398 12.155 30.623 589.202 24.821 18.894 20.854 39,681 59.876 27.526 29.253 419.1106 27.526 3C,796 753,328 GRANTS PAYABLE 31.12.21 31.12.20 Grants 27.526 The total grants paid to insliluiions (luring th8 yw VAS as follos: 31.12.21 31.12.20 1 grant lo Vl organisations for rnfflMlty Pfoiecls {2020 - 1} 2.1)00 The total grants paid to indmduals during Ihe year was as fdlovr6.' 31.12.21 31.12.20 114 grants for gener81 purposes {2020 - 98) Small granls (not 9realer than £50) 29.063 22.106 3.420 31,607 25.526 The gr* to individuals arKJ grants to organisations Te funded by a grant of £50.0 received in the currenl year The cher5, FoK18110n (2020 - £56,1)00). 31
BUNDAID Not•s to thg Flnan¢lal Slatements - ntinUed for the Year Ended 31 D•c•mb•r 2021 SUPPORT COSTS Governance costs Othgr Totals Raisng donations and legaues Community SMJhi Support sefvKe Grants Big L¢)ttery Share London 6262 142,621 8,318 22.209 4.148 77.025 3.113 6.464 10.410 219.646 11.431 28.673 179.410 270,160 GovernCe costs 2020 Comparative Other Totsls Raising donations and legaaes Community Sighi Support serCe Southwark Community Project Camden Community Project T¢)wer Hamlgts Ccrfnmunity Project Grants BWJ L¢)ttery Shore LdOn 6,016 148,160 12,276 12.276 12.276 8.972 4.241 72.664 2.122 2.122 2.122 3.183 10,257 220.824 14,398 14,398 14,398 12,155 30.623 223.714 93.339 317.053 The charity initially identsfies the costs of lis support fvnctions. It then identrfies those costs vknich late to the governance funct#)n. Hawng tdentified its governae costs. the remaining support costs logett)er with the govemance costs a apporth'oned befvoen the charitate a1vItieS on the basis of "me expended on eath ac17ty. NET INCOMEI{EXPENDITUREI Net Kicomel{expenth'lurel is ststed after drgi(cle(rIting). 31.1221 31.12.20 Auditor5. remuneration Depreciation - owned assets 5.680 19.981 5,153 21,533 10. TRUSTEES. REMUNERATION AND BENEFITS Ther¢ were no truslees. reMuneraTr or other beneffts for the year ended 31 December 2021 rnr for the year ended 31 De¢emter 2020. Trust••s' •xp•nses There re no expenses reimbursed to trustees for the year eTrJed 31 December 2021 nor for the year ended 31 DeM1)er 2020.
BUNDAID Notes ¢0 the Financial Statsments - ¢ontlnuod for th• Year End•d 31 D¢¢ember 2021 11. STAFF COSTS 2021 2020 Wages and salaries Social security costs Pension costs 509.027 41995 38.005 556.280 46.182 41.835 590.027 644.297 The average monthly number of ern[)Yees during the year vras as follows.. 31.12.21 31.12.20 Office stsff Communty Support Services staff 15 16 19 22 The number of employees whose fjmplo beneffts (exduding employer pension costs) exceeded £60,000 was: 31.12.21 31.12.20 £70,¢)01 - £80,000 The amount of em05 Pensi Contributi for the hhe$l paid employee was £5.427 (2020 - £5.3181. There are employees induded in office staff that are eonsidered to be key management pwsonnel. Their aggregate emotuments for the year was £127.98512020- £124.9951.
BUNDAID Notes to the Flnancial Statements- continu•d for the Yw Ended 31 D¢¢9mr 2021 11 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Restricted funds funds Endovnnent fund Total furKIs INCOME AND ENDOWMENTS FROM Donations and legaues 288.280 J.000 338.280 Investment Irne Other incorne 68.366 174.200 Totsl So.)0 .846 EXPENDITURE ON Raising furKIs 57.156 57,156 Charitable activities Community Sight Support service Southwark Community Project Camden Community Project Tower Hamlets Ccffimunity Project Grants Big Lottery Share London 589.202 24.821 18.894 20.854 12,155 59,876 589.202 24.821 18.894 20.854 39.681 59,876 27.526 Total 782.958 27.526 810,484 Realised & unrealised gains I (losses) on investments (46.e) (3.884) {,688) NET INCOMEI(EXPENDITURE) {298.916) 22.474 (3.884) (280.326} RECONCILIATION OF FUNDS Total funds brought forward 2.679.435 10,188 438,327 3,127,950 TOTAL FUNDS CARRIED FORWARD 32,662 434.443 2.847.624 13. PENSION COMMITMENTS The charity operates a defined contribution pension scheme. The assets of the %heme a held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounts to £38.005 lor the year {2020 - £41.8351. There Vre £4.293 of contritrtjtws outslaThJing al the balance sheet dale {2020 - £4.W).
8UNDAID Notes to the Financial Ststsm¢nts- continu for th• Year End•d 31 Decemlxr 2021 14. TANGIBLE FIXED ASSETS Fixtu5 and fftbngs Computer & office equipment Freel property Totsls COST At 1 Jaary 2021 Additior Disposals 192.325 238,112 51,063 8.706 481.$00 8.706 At 31 Decemtw 2021 192.325 238.112 56.457 486.894 DEPRECIAnoN At 1 January 2021 Charge for year Eliminated on disposal 79.171 33.838 9.462 43.652 6.673 156.661 19.981 At 31 December 2021 173 330 NET BOOK VALUE At 31 December 2021 109.308 194.812 313.564 At 31 December 2020 113.154 204.274 7.411 324.839 15. FIXED ASSET INVESTMENTS Listed Inv•stm•nts 2021 (£1 2020 1£) MARKET VALUE At 1 January 2021 Disposals Gains I liossesl 2,413,887 {460.000) 2,864,574 (200,000} 2.227.435 2.413.887 Investments included in unTrslrled Funds 8re'. COIF Irwme Units of £8.780 (2020 - £238.520) and DNersifie¢l Inixme FWNJ - Class 3 of £1,183,827 {2020 - £1.105,9601. vknich are insted in the COIF Chanty Funds managed by CCLA Investment Lwnited. L&G Intemational In(lex Trust of £193.70312020 - £295.171} and L&G UK Index Trust of £194.268 {2020 - £224.9081. Shares of £1.10012020- £1.100) in Lantem HcMJse Management knmrted. an unlisted company. Investments induded in Endob¥rnent Funds are L&G Intemational Index Trust of £376.097 (2020 £311,147) and L&G UK Index Trust of £269.660 (2020 £237.081 }, kss an amount allocated to General Unrestricted Funds under Total Retum Accounts"ng.
BUNDAID Notes to the Financial Statem•nts - continued for the Year Ended 31 December 2021 16. STOCKS 31.12.21 31.12.20 Stocks 1.563 17. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.1221 31.12.20 Other debto 101.907 47 CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 31.12.21 31.12.20 Trade creditors Social security 8nd other tsxes Other ¢redilt¥S Accruals and deferred InMe 2,831 11,983 8,067 5.135 11.716 5.387 23.538 28.016 MOVEMENT IN FUNDS Nel movement in funds Transfers betsveen furKts At 31.12.21 Al 1.1.21 Unrestrl¢ted fvnds General fund Fixed asse15 Strategic planned deffiril 1.155.680 324.839 (175.423) 119.981) 891.294 8.706 1.871,551 313,564 1380.519 1195.4041 2.185.115 Restricted funds The Clolhworkers. Foundation 31662 16,393 49,055 End¢)wment funds End0¥ent fvnd 7.950 442.393 TOTAL FUNOS 2.847.624 171.061) 2 676.563
BUNDAID Note5 to the Financial Statements- continu•d lor th• Ygar Ended 31 D•G•mb•r 2021 19. MOVEMENT IN FUNDS Net movement in fiJrKJs. included in the atM)ve are as f(Alows: Incoming Resources Gains and rescmrn expended losses Movemenl in flS Unrestricted funds General fund Fixed assets 235.012 1676.0341 19.9811 265.599 1175.423 19 981) 235.012 (696.015) 265,599 (195.404) Restrl¢ted fund$ The ClothNbYJthers' Foulation 133.607} 16.393 Endowment funds Endovmlenl furKI 7.950 7.950 TOTAL FUNDS 28S.012 729,622 273,549 171061 DesKJnaled funds comprise the fdlowng: A fixed asset resew. induding Ihe refurbishment costs for the chariws premises in 2017. A communty woiects reserve that was created to Cover the projected costs of the four community Pfoiecls over the next 4 years up to 2023. Due lo COVID-19 these projects were forced lo cease and remaining reserve balan transferred to the general fund duriNJ 2020 year. A strategic planned deficit reserve to cover projected defiots over the next ts¥0 years. refiecting the trustees. decision to use surplus reseTve5 to expand charitable adtwties. The fvnd balance was rewsed following the impact of COVID-19. The strate9y is to secure third party income lo fund ongoing charitable activib"e5 arKI thef0 the strategic planned deficit has been transfered back the general fttnd. 37
8UNOAID Notes to the Financial Statements - continu•d for the Year End¢d 31 D•comb8r 2021 ENDOWMENT FUNDS Unapplled Totsl Return Trust ft*r Investment Total Endowment Balances as al 1 January 2021 219.443 215,000 434.443 Retum for the year Inveslment gain 97.529 97.529 Allocated to UnrestrKted Inc(%ne Fund 89.5781 Net movement for the year Balance as at 31 December 2021 227.393 215.OlJO 442.393 Unapplied Total Retum Tru51 for Inveslmenl Total Endowment 2020 Comparalivg Balances as al 1 January 2020 223.327 215.000 438,327 Retum for the year Investment loss {3.8841 {3.8841 Allocated to unreStrted Income Fund Net movement for Ihe year Balance as al 31 December 2020 219.443 215,000 434.443 The Trustees have exercised their POWErs under Seciion 104A{2) of the Charities Act 2011 lo apply a lotsl tM basis for endowment furKIs. 21. RELATED PARTY DISCLOSURES There were no related party Irw58ctKYts for the year ended 31 December 2021.