2022-03-31-accounts - The Birmingham Royal Institution For The Blind

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		Pages
Officers and Advisers
Governors' Report		3-9
Auditor's Report		10-13
Statement of Financial Activities and Income and Expenditure	Account	14
Balance Sheet		15
Cash Flow Statement		16
Notes on the Financial Statements		17to27

	Officers	and Advisers
Governors	Focus:	Mr R Hindle
		MrJ Montgomery
		Mr CGascoigne
		Mr C Bradshaw
		Mr I Richards
		ProfJ Hilboume	(Resigned 31 October 2021)
		Mrs AJ Mcgeever (Appointed			7December 2021)
	Members:	Mr G Oakley (Chair)
		Mr M Quantrill
		Mr M Billingham Mrs J Edgerton	(Resigned 6April 2022) (Appointed 31 May 2022)
Treasurer		MrJ Dixon
Company		Nicholas Gee (Appointed		31 May 2022)
Secretary
External		Bishop Fleming
Auditor		1-3College Yard
		Worcester
		WR1 2LB
Principal		Lloyds Bank PLC
Bank		36/38 New Street
		Birmingham
		B24QZ
Investment		Quilter Cheviot Investment		Management
Managers		Two Snowhill
		Birmingham
		B46GA
Registered		49 Court Oak Road
Office		Harbome
		Birmingham
		B179TG

				Unrestricted	Restricted	Restricted	2022		2021
				Funds	Funds		Total		Total
			Notes				f
Income
Donations and Legacies				21,162	1,000		22,162		2,036
Charitable Activities
Rent and Tenancy Registrations				817,870			817,870		816,390
Investment Income				63,157			63,157		62,469
Total Incoine				902,189	1,000		903,189		880,895
Expenditure on:
Raising Funds				16,713			16,713		16,105
Charitable Activities				816,335			816,335	1,085,891
Total Expenditure				833,048			833,048	1,101,996
Net Gains/ (losses) on Assets	Investment			110,739			110,739		444,012
Net movement in funds				179,880	1,000		180,880		222,911
Balances O 1"April 2021				4,372,882			4,372,882	4,	149,971
Balances @31"March 2022				4,552,762	1,000		4,553,762	4,372,882
022 comparatives analysed	between	restricted and unrestricted funds are at note				20.
						Unrestricted Funds
Income and Expenditure,	Net ofHistorical Costs					2022		2021
Net Movement in Funds (above)						180,880		222,911
(Less) /add unrealised losses/(gains)		on investments					27,998	(406,521)
Difference between historical cost, depreciation charge and the actual depreciation charge ofthe year calculated on the revalued amount.							1,080		1,080
Historical Cost (Deficit) /	Surplus forthe year					209,958		(182,530)

							2021	2021
						Note
Gash flows from operating activities:
Net Gash from Operating	Activities					1	(159,404)	(2,244)
Cash flows from investing activities:
Dividend income							63,156	62,465
Interest received							1	4
Proceeds from sale ofinvestments							432,997	670,380
Purchase ofInvestments							(444,007)	(636,802)
Change in cash and cash equivalents			in the reporting		period	2	(107,257)	93,803
Notes to the Statement ofCash Flow
1. Reconciliation ofnet	(expenditure)/income			to Net	Cash flow		2021	2021
from Operating Activities
Net (expenditure)/income	for the year						180,880	222,911
Adjustments for:
Depreciation charges							56,124	81,425
(Gains) / losses on investments							(110,739)	(444,012)
Sank Interest Receivable and Investment			Income				63,157	62,469
							63,108	(202,145)
Increase in Debtors							(3,846)	4,432
Decrease in Creditors and	Deferred	Income					218,666	195,469
Net Cash Outflow from Operating		Activities					(159,404)	(2,244)
2.Analysis ofChange in	Net Funds
					At	1 April	Cash	At 31 March
						2021	Flows	2022
Cash in Hand						66,105	(42,803)	23,302
Held as part ofinvestment	portfolio					143,086	64,455	78,631
						209,191	(107,258)	101,933

3. DONATIONS	AND LEGACIES	2022	2021
		E
General Fund
Legacies		18,853
Grants, Donations	and Events	3,309	2,036
		22,162	2,036


4. INCOME FROM INVESTMENTS		2022	2021
Listed Fixed Asset Investments		63,156	62,465
Short Term Deposits		1	4
		63,157	66,393
5. COST OF RAISING	FUNDS	2022	2021
Investment Management	Fees	16,713	16,105

6. CHARITABLE ACTIVITIES	6. CHARITABLE ACTIVITIES	2022	2021
General Fund
Grants to Queen Alexandra	College	564,712	699,700
Grants to Focus Birmingham Administration and Financial	Services	164,787 30,712	285,684 19,082
		760,211	1,004,466
Designated Funds
Depreciation ofFixed Assets		56,124	74,419
Restricted Funds
Depreciation ofFixed Assets			7,006
Total		816,335	1,085,891
Administration and Financial	Services costs include Governance	costs of211,928(2021:F7,800).
Auditors Remuneration:		2022	2021
External audit services:		10,200	7,800
Other services:		1,500

ffreehold land	and buildings had not been revalued, they	would be stated at the following	amounts:
		2022f	2021f
Historical Cost		3,993,888	3,993,888
Depreciation	based on historical cost	2,602,885	2,547,841
Historical net	book value	1,391,003	1,446,047

isted Investments nrestricted Fund
	2022	2021
Balance @1 April 2021	2,468,819	1,982,734
Less: Cash held as part ofportfolio	(143,086)	(67,434)
Market Value@1 April 2021	2,325,733	1,915,300
Add: Purchases	444,007	636,802
Less: Sales	(432,997)	(670,380)
Gains/ (Losses) on disposal or revaluation	110,741	444,012
Market Value @31 March 2022	2,447,484	2,325,733
Cash held as part of portfolio	78,631	143,086
Total Investments	2,526,115	2,468,819

nvestments	Listed on a Recognised Stock E	xchange
		2022	2021
		Total	Total
		E
Fixed Interest		255,470	291,947
Alternative	Assets	1,751,885	393,883
Equities		440,129	1,639,904
Total		2,447,484	2,325,734

10.DEBTORS:Amounts falling due within one y	ear
	2022	2021
Trade debtors	160
Associated Organisations	526	526
Accrued Income	3,613
Pre payments	255	182
	4,554	708

		Unrestricted	Restricted	2021
		Funds	Funds	Total
	Notes			K
Income
Donations and Legacies		2,036		2,036
Charitable Activities
Rent and Tenancy Registrations		816,390		816,390
Investment Income		62,469		62,469
Total Income		880,895		880,895
Expenditure on:
Raising Funds		16,105		16,105
Charitable Activities		1,078,885	7,006	1,085,891
Total Expenditure		1,094,990	7,006	1,101,996
Net Gains/ (losses) on Investment Assets		444,012		444,012
Net movement in funds		229,917	(7,006)	222,911
Balances @1"April 2020		4,142,965	7,006	4,149,971
Balances @31"March 2021		4,372,882		4,372,882

erating leases in BRIB's role as a lessor are as fo	llows:
	2022	2021
Expiry date:
Due within 1 year:
Land and buildings	67,380	67,380
Between 2 and 5 years:
Land and buildings	96,000	96,000
More than 5years:
Land and buildings	1,634,000	1,634,000