THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
Registered Company N￿rn￿r. 1900123
Registered Charity Number. 5164TI
IlllllllllUII
•ACIXCHZM*
2211212023
COMPANIES HCiJSE
A37

THE BIRMINGHAM ROYAL INSTrrLTfioN FOR THE BLIND
GOVERNORS. REPORT (continued)
31 March 2023
CONTENTS
Pages
Officer5 and Advisers
Auditols ReFk)rt
10-12
StateMentrof-FnaneiaFActivities-apd4n￿ffle4n￿EYR￿Fl￿Fe-AwUA￿--.__. ._._. .-.._____.._.
*¢
Balance Sheet
14
Cash Row Statement
15
Notes on the Financial Statements
16to26

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
GOVERNORS, REPORT (conllnued)
31 March 2023
Officers and Advisers
Govemors F￿5".
Mr R Hindle
Mr J M¢Jntgomery
Mr C Gaso)igne
QAC:
Mr C Bradshaw
Mr.1 Ri(knrds
Mrs A J Moeever .
Membets."
Mr G Oakley (Chair)
Mr M Quantnll {Resign&J 12 2022)
Mr M Billingham (Resigned 6 April 2022)
Mrs J Edgerton (ApFMJinted 31 May 2022)
Mr R Kastuar (ApFanted 15 February 20231
Treasurer
Mr J Dixon
Company
Secretsry
Nicholas Gee (Apwinted 31 May 2022, ResvJned
22 May 2023)
Extemal
Auditor
BIs￿P Fleming
1-3 Col*e Yard
w0￿ster
VIR12LB
Prinapat
Bank
Lloyds Bank PLC
36138 New Street
BimifyJham
B2 4QZ
Investment
Managets
auilter Chevw)t Investrrnnt Management
Two SI)￿lu
Bimiingham
B4 6GA
Registered
49 C￿rt Oak Road
Hartjome
Birmingham
B179TG

THE BIRMINGHAM ROYAL INSTITLTfioN FOR THE BLIND
GOVERNORS, REPORT Iconlinued)
31 March 2023
The Govemors (who are also Trustees and DirerAors for the purwses of Charity and Company Law)
present their annual directors. report and finawal statements of the ChaTttable Company for the year
ended 31 March 2023.
The finanaal ststernerts ccAnpty with the Chartties Act 2011. the CompanÈs Acl 2006. Ihe MemorarKlum
and Articies of Asswation. the Ststemenl of Recommended Prarti￿ and Ihe FinancAal Reporting
Stsndard (FRS 102).
The Charitsble Company is also kn¢yKn under ts abbrev￿t￿j name of BRIB.
OBJECTIVES AND ACTivrriES
The Company has been established. as a Chartty. to adV￿ce and promote the edu¢2tson and relief of
tlind peotye or those people STgnificanty handicapped by defective vishm or threatened by
blindness, and of.pe¢Jple with other disabilities and spe(ial needs by securing the provision of assistsnc
and support and byothercharitable means. Furthemm. itprowdes foryaa￿tses for recreatron and leisure
for the benefit of people wsual impairment and other disabilitses. 11 ￿￿leS out these objectives
primarity by supporting organisations. prinopally Queen Alexandra Colkge and FocJJs Bim)ingham, with
the aim of enabling blind and disabied peopie to lead their Ibves to the maxmum potenti81. inproving the
qualty of lrfe and encouraging independence.
The support lakes the fom of grants, the provision of reSoUr￿s. expeitse and encouragement to the.
organisations. The Govefnors are aware ofthe Charity Commisston's general guidan￿ on public benefit
and believe that this supwrt tiyjether with their on-goiTNJ review of the Chariws aims, objectNes, future
plans and gfdnt makn'ng policy satisfies these requrernents.
Grant Making Poli
It is the pofjcy ofthe Govemors to make grants only out of acthmulated inc£)me and foIbv￿ng a deci5KJn
of a meeting of the Board. Grants wll be consKlered oul of surplus irNJ)ffE available after am expenses
have been adequately siyjrced.
Grants may be made to qualifyirrfJ indivKluals orto organisations whose principal purpose is th8 SUPP)rt
of blind people and sD3ntficanty handic2pFed by defec*ive wsion or threatened by blindness and
other disabkni es.
The total amount ofgrants to be made by the Charity is determined by the Govemors based on the level
of available distributable reserves and the Charivs financ4al positK)n. Appli¢2t#?ns for grants are
considered at any meetsng ofthe Board.
ACHIEVEMENTS AND PERFORMANCE
The Charity re￿Ned total income for Ihe year of £1,066,479 (2022: £￿3,189), the Govemrs are
pleased to report that £1.054,995 {2022'. £729,499) has distrthted or approved for distribution to
its associated Charities.

'ThE BIRMINGHAM ROYAL INSTrrurioKFOR THE BLIND
GOVERNORS. REPORT (continued)
31 March 2023
FINANCIAL REVIEW
RESULTS FOR THE YEAR
Income for trtis year vrds £1.086,481 o)mpared to £￿,189 in 2022. Tr d￿rity was gralefvl to re￿1ve
legacEs Wi the year of £18.561 {2022: £18,853). While the majority of rent receivable is distiibuted to the
associated Charibes as grants. BRIB omtfftued to tenefit from the rent receivable for OakvKM)d and
Beedi House.
In fijrtherance of its objectwes, the Chartty made grants totalSng £196.474 to Fo(￿$ Bimiinghaffl (2022..
£164,787) and £858,521 to Queen Aexandra Cdlege (2022.. £564.712). The Charity did not make any
grants to any other Chaiity diming the year (2022: £nil).
The Charity's investment portfolio made a defrit of £209.543 on disrM)sal aThJ revaluation in the year to
31 March 2023, L￿mPared ￿ryIh a surplus of£110.739 in 2022.
The Statement of Finanaal Activi￿ on page 14 shovts outgoing resources of £1,183,946 (2022..
£833.048) thich when combined wilh intsjme and the decrease in the Charivs investment porttolio
leads to the totrj net de(xease in furKds for the w of £327,1)08 {2022'. irKrease of £180.880).
The Board is satisfth that ts activities during Ihe year. prinupally through its of its assoaated
. charities, served to adequatety dis(tharge its d￿ritable obie(ts.
FIXED ASSErs
Ari tangible fLxed assets are hekl for the wriM)se of canying out the Charivs main oblectNes. The
Govemors believe the market value ofthe Charivs freehokj land ar¥J buildiros to be more than their net
book value, alth￿gh no indepeThJent valuations have been obtain￿, as it is considered that Ihe cost of
obtaining the vabjations 15 Out d proportion to the usefulness of the infom*tion.
INVESThlE￿ POUCY AND PERFORMANCE
The Govemors, Investment Policy is to primarity invest Ki an appropriate mix of real assets. i.e. bonds.
UK & intemational equities. cash, and from time to time, 0￿r asset dasses. wi order to generate the
required levels of retum for the Charity to aL*ieve its objectives. The mix of asset dasses should reduce
th8 volatility ￿lch could result from a purely equty-based portfolio.
Following a rewew by the Govemors in 2014. the Investment Management servi￿ has been ￿rried oul
by Quilter Cheviot sinck July 2015. The (knmrs believe the investments (¥)ntinue to meet their
requirements in tenns of suitabilty.
The portfofio is managed on a dis(Yeti￿3ry ba￿S by a leading finn of investrnent manager5. A sub-
committee of the Govemors meels regularfy wtth the investrnent managers and i8 charged V￿th
monitoring the perf0rrnan￿ against agreed benthmarks and ensuring Ihat the pothlKI is managed in
line.wth Ihe Ststement of Investrnent Principles Ihat Ihe Board has approved.

THE BIRMINGHAM ROYAL INSTTfirnoN FOR THE BUND
GOVERNORS, REPORT (continued)
31 March 2023
FINANCIAL REVIEW (Continued)
INVESTMENT POUCY AND PERFORMANCE {CONTINUED)
The investrnents portfo￿.0 continues to be structured and managed the aim of providing an
appropriate Combinati￿ of current inry￿e and growth potential for OUT charitls rewirements. As suth.
the dtfficult economic and geo-political Condi￿nS of the past year wll have had sorne impact but,
overall, the portfolio has consistently prowded a perfomiance in line or better than the
measurement dete￿nined by the Board. Our inveslmenl sub1￿Mmittee is tharged wrfh" monitoring ihe.
perfonnance and policy of the investment managers, Part¢￿1a￿Y vAlh regard to Ethical, SoGial and
Govemance oJnsiderations. and acco￿ln91Y reports regularty to Board of Govemors. The Govemors,
investrnent policy tskes ac￿Unt of ethical LX)nsiderations and does not alk)w Speci￿ investment in the
tobacco industy. Environmental Soc4al and Govemance (ESG) is an inportant part of auilterfs
investrnent process and they regularly engage ￿ toth irKIMdual ojmpanbes and extemal fund
managers in relalton to fadors such as dinate tharoe. empk)yee rights and IM)ard rernuneratit￿.
IV) RESERVES POLICY
At 31 Marth 2023 Ihe reserves of the Charity consisted of £1.982.108 (2022 £2,038.232) u￿eStriCted
designated funds. £2.244.646 {2022 £2.514.530) unrestricied general fijnds, and £nil (2022.. £1,000)
restricted funds. The Governo￿ have assessed that the minimum level of reserves ca1￿lat￿ last year
remains appropriale. and therefore commit to keeping invested in mathetable securities of £1.702,500.
It is felt that this lèvel of reserves wll provide suffiuent furmjs to gerErate enough ine4)rrE to support the
ongoin9 activities of the charity. This leaves £542.146 funds availabk ts distributton, {referred to as free
reserves in mte 13 to the accounts}. It is at the Govemors discrelts)n to distribute the full value of these
free reserves providing the distributitm woukl cary out the objects of the Charity. However, tt is the aim
of the Govemors to manage the financigl resources of the Charity so as to pernit the ￿ assooaled
Charities (FOc￿S Birmingham aThJ Queen knxandra Col*e) to enjoy the propety facilities ¢)n the
Hart)ome site and to support financially Ihe activities of these tsw) Charities there appropriate and
feasible. Further support of blind, partialty.sighted and disabled people. as govemed by BRIB'5
Constitut￿n, may also be made available.
Further to the above aims, the Govemor5 intend to maintsin all the resources invested in Fixed Assets
and those eamiarked to cover staff indefmities as desbJnated reserves and not make thèm available for
discretionary distribubon.
RISK ASSESSMENT AND MANAGEMEKr
The Govemors conlinue to assess the major risks to the Charity is exFosed, in parti¢xlar thosè
related to the operations and ffir￿n￿s of the organtsation and are satisfied that systems are either in
place or are being developed to mitsgate exFrf)sure to Ihe major risks. An annual revEw of the Charivs
risk register occJJrs. Yalh parti¢)Jlar emphasis on the risks revolviryJ around the prinopal assets of the
Charity, which generate the in¢))me fr￿n which the Charity exerases its grant powers.

THE BIRMINGHAM ROYAL INSTttUTION FOR THE BUND
GOVERNORS, REPORT (contirwed)
31 March 2023
STrUCTURE. GOVERNANCE AND MANAGEMEMr
The Company. vthich is limited by guarantee (No 1￿0123), is registered as a Charity {No 516477) with
the Charity Commission and entered in the Central Register of Chariti'es. The Company is govemed by
its Memorandum and Micles of Assooaknn. on 1 April 1985 li took over the acbvities. assets. liabilities
and funds of the unino)rporated Chartty of same name had e￿Sted Sin￿ 1846. On 31
December 1997 the 0￿ratiOnS of Queen Ajexandra CoNege and Focus Birmingham were transferred to
their new charitable C￿mpanIes. The Birmingham Royal InstibJtM)n for the Blind IBRIB) retained freewd
property and investments and the income from these is distributed by grantstothese tharities and others
working ￿th visualty impaired Feople and people with other disabiliti'es.
The administration ofthe Charity is effected bya Board ofGovemor5 vh)0 are both Trustees ofthe Charity
and Dire¢*TS of the Company. The Board is made up of nine Govemors, three of ￿0M are appointed
by F¢XUS Bimiingham, three by Queen Alexandra College and three by the members of BRIB. The Board
of Govemors set out the general Folioes ofthe Charity, which are implemented by the honorary offI￿rS.
The ￿Vernrs and honorary Offi￿rS (Company Secretary arvj Treasurer) are the Key Management
Personnel of the Charity. AJI serve with)ut remuneration. The financial records were maintained by
Queen Aexandra College during the year under a ser￿￿ level agreemenL
CONNECTED ORGANISATIONS
Principal rJ)nnected organi5aknons are as folk3Vts:
i)
QUEEN ALEXANDRA COLLEGE (QAC)
Thts Charity was establtshed n 1997 to take over the fvrther edUca￿n and training for operations
of BRIB on 31 D￿mber 1997. 11 has been granted a kKvJ ￿ase by BRIB on part of tb Harbome site
and b8nefits from fijnding {￿mMrtMents made by BRIB. tt has the rNJht to apwint one third of the.
Govemrs of BRIB and no deciSi￿S can be made by BRIB Govemors unless at least one QAC
. representatNe is present and votes in favour. During the year it paK! rent of £746,99J (2022". £627,71)0)
to the Chanty and received grants of £858.521(2022: £564.712).
FOCUS BIRMINGHAM
This Charity was estab￿Shed in 1997 to tak8 over. on 31 D8c8mber 1997, tr18 provision and promotion
of servrces to blind or parbally stghted people in Ihe o)mmunty, the operations previously being called
BRIB Vision servi￿$. tt also has been granted a long lease by BF￿B on part of its Ha￿Ome site and
benefits from funding ￿MMitmentS made by BR18. It has Ihe same repreSentsI￿n and votwig rights on
BRIB'S trf)ard of Govemofs as Queen Alexandra Conege. During the year it paid rent of£194,474 (2022:
£164,690) to Ihe Charity and re￿Ned grdnts of £1%.474 (2022: £164.787).
NEW OUTLOOK HOUSING ASSOCIATION LIMttED
The housing association operat8s hcxtsing and care facmies forbiiThJ and partHlly sighted people. Lgrgety
built on land owned by BRIB.
During the year it paid £26.752 to the Charity in respect of rent and new Tenarry Registrations (2022.
£25,460).

THE BIRMINGHAM ROYAL INSTmJrioN FOR THE BLIND
GOVERNORS, REPORT (contlnued)
31 March 2023
REFERENCE AND ADMINISTRATIVE DEfAILS
Details of the Charity's advisors. ujrrent Govemors and slatutory infornation are set rxjt on page 2 of
these Financial Statements,. Ihe foliowirvJ V￿re Govemors during the year and unless otheDMse
indicated, seNed for the full year.
Appointed by Focus Bimiingham
Appointed by Queen Alexandra College
Mr. R Hindle
Mr J Montgomery
Mr C Gasthgne
C Bradshaw
l Richards
A J M￿eVer
Electsd by Members
Mr. M Billingham (Resigned 6 W 2022)
Mr. G Oakley
Mr. M Quanlrill
Mrs J Edgerton (ApFJointed 31 May 2022)
Mr R Kasluar {Appointed 15 February 2023)
None of the Govemors has ￿Y beneficial interest in Ihe charitable Company and all sep4ed without
remuneration.
Govemors recognise the need fortrann3 arKI have a TrainwKJ PcAiCyc￿Prislng Inductll￿ arrangements
forfijture new Govemors and on-going training for exisknr¥J (>Mmors. As part ofthis all Govemors have
received a pack of briefing material recommended by the Charity C(Knmission.
The Charity paid £1,019 in the year for £1.O¢XI,(K)O of Dired¢Js and offi￿rS insurance cover (2022..
£1,019).
FiTfuRE PLANS
The Charity has set a budget for 202&24" athitss will remain simiLarto wev*￿S years.
STATEMETrif OF GOVERNORS. RESPONSIBILrriES
We are required under Chanty and Company knyto prepare financial statements foreach finarrial period
which gtve a tJue and fair Mew of the Chwitls financral acbvits'es during the peri¢>J and of rts financial
px)sition at Ihe end of the per￿. In preparirKJ fU￿n¢￿al slakments giving a true and fair view we are
required to:
Select suitable accounting policies and appty them conststenty,
ObseNe Ihe methods and princip￿$ in the Charities SORP",
Make reasonable and prudentijdgements and estimates.
State whetherappl1￿ble accountirKJ slandards have been follovRd give details ofany tspartures;
and
Prepare the financaal statements on the going concem basks unless it is inappropriate to presume that
the Charity will continue.

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
GOVERNORS, REPORT (contlnued)
31 March 2023
STATEMENT OF GOVERNORS, RESPONSIBIUTIES (continwl)
We are respJnsible for keeFyng a￿ting re(x)rds enatle us to aSt￿rtaIn wilh reasonatle
aJraGy the finanoal position d the Chaiity aTrJ to en￿￿ that Ihe finanad statements thmply wth
applicable law. We are also ￿sponSIble for safeguardiryJ the assets of th8 Charity and hen￿ for tskiThJ
reasonable steps for the preVent￿n and detedicn of fraud and other irregularits'es.
DISCLOSURE OF INFORMATION TO AUDrroR
So far as eac* of ts Govemors are ￿re, there is r¥) relevant audit information (as defined in the
Companies Act 20C61 of which the Company's audrtor is unaware, arKI eath ofthe Govemors has taken
all the steps thatthey ought to have taken as Govemors to make Iliemsdves al1rd￿ of any relevant audit
infom)8tion (as defined) to establish that the C¢ynpany's auditor is aware of that infomiation.
The G)vemors have prepared this rep)rt n a￿Ordan￿ V•ith Ihe w?al provisons relab'ng to c¥)mpanies
sul.ect to the small ￿mPan￿S regime within part 15 of the Companies Ad 20CE.
on behalf of the G0￿mor5
tsJ)IKJ
G 0a￿aY
Chairman
Registered Off
49 CrAJrt Oak Road
Harbome 817 9TG
19 July 2023

THE BIRMINGHAM ROYAL INSTrninoN FOR THE BLIND
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE BIRMINGHAM ROYAL INSTITUTION FOR
THE BLIND
OPINION
We have aurfitsd Ihe tha￿la1 stalernents ofThe 8irnwvJham Roya Ir￿titUte f￿the Bl￿d Ithe'tharitr/l fcf the year ended 31
March 2(Y23 whtch c￿riSe the Stste￿I cl Finanrial Ackn. Sheet, ￿ state￿nI of Cash H¢)ws and the
rdaled notes, indudiro a Surrtyr￿ c¢ sunftant acctsJntiTrJ pSue5. The financi￿ ￿p01t￿g framework that has been applied
In Ihew preparation ts appl￿ble Lqw aThJ Ur¥ted Pc£amtilg sta￿r￿s, Ir￿U&¥J Finantsal Rep)iting Slandard 102
The Financral Rewtiro StaThlard apF4w2ble in ts UK aryj Rybk crf IrelaTrS (Urited ￿￿dorn GerETrlly A¢tèpted
A￿)Unting prac￿).
In our opinion the thar￿4￿
gNe 8 and fair *iew of Ihe slate of the charitat4e C(fnp￿ affars as at 31 VArch 2023 and of its iwming
resources and ap￿alk)n cAresCrtW￿, Ind￿"r￿j rts uYx)mè wdthre fartr* yearthen eTrJed:
have trfftn proF4ty prepa￿ in accryd￿e vAlh Unit&J Ki)9thJn G￿*￿tep￿j Practio,. and
have teen prewed in ￿CordanCev￿1h Chth 2011.
BASIS FOR OPINION
We conducted our autht in wdh InlwnatKThl Stsrthds IUKI IISAS IUKI} and ap￿ICable Law. Our
reSp￿S1￿1r0'eS urtyjer Ih05e standards are fiJlher des(yQ)ed ￿ Ihe Audit(¥s' re$wr￿￿"1kne$ for the audit of the ffnanaal
st*￿￿nts sthn ofwr We ae Th**ThYent oflhe ￿1[th cunpany in acC(¥d￿ with the ethical requirem*nts
that are re￿vant to our aurfrt of Ihe finar¥ial statsrywts irt the Urmted bfjTh>*Jm. trtbJthng Ihe FnatKial Rep￿tirg C(*Jncifs
Ethi(#l Standa￿. and ¥%e havèfuffiled owothw e￿1 ￿￿4)n￿bIl￿e$ n ￿COrda￿vAlhtr￿ rg]uirements. WeboI8ve that
the audit evKlence we ￿e Obt￿n￿ 15 5uifLy"pml aThJ apFwKatetO a bas&ts oplyc￿.
CONCLUSIONS RELATING TO GOING CONCERN
In aKlib'rvJ the fin￿cial State[r￿ts. havè that tr* Trusttts, us• dthe goThJ o)ncem basi5 of wJJnlir¥J in tho
preparation of Ihe firwclal statements 15 aFwpriate.
diwdualty ¢Y tr)Ikthety. may cast SKJnthcAnt drA￿l (m thè thaitabtè c*xnp3nls atilty to ccdyiue as a wng ts)n¢em for a
peric*J ofat leasttsye￿e months frc¥n vthen tr* finanlial StsI￿nts are auUKwd tr issug.
rresk¥)nsiblth8s and th& r8sFrfThbi&b8s oflhe Tntssvilh resFed to C£￿eM are des{￿L￿d wi tt19 ffjbvants8ctic￿S
ofthis ffjpjt.
OTHER INFORMATION
The other infonnat￿n crynprises i) lh8 AnThJal R8PJt other than Ihe ffinarKMI stateTh*nts 8rkfj our
' Auditors. Report the￿. The Tn4Stees arE rEskv61)le fty tPe thr LX*)tiwned bvfthin the Annual Report. Our
o￿n￿n on the financial statements dces not co4erts otherinfcrnlKJn and. exceptto Ihe extent othemtse explrivy sta￿1 in
ourreprt we &)notexpress anyl(xm ofa5surrt4 (xy￿S¥￿tl￿￿. Btoread the other informati)n and,
. i) doing $0, ￿S￿ler vthether the Olher in•Thal*)n 15 maleriaty inconsistent the fn3rri8151atements or ￿r kno￿ge
obtsined n Ihe ¢wrse ollhe audc ty¢)thtywise to be matWo￿ mtsslatèj. If*t #knbfy such material ino)nsi4tentyes
or aFyareni mat￿la1 misstatements, we are requ¥ed to detwmire gNes iistr to a material m￿S￿lement in the
nanci81 slat•ments th&nselves. If, based ￿ Ihe wcmk ￿ have [erf￿m&j. we c(rfx*** thal Itwe is 8 material misstatem&rt
ofthis olherinformalim we 8re requwed to rewtthatf
Wg have nc4hiThJ to rep)rt in this ward.
OPINION ON OTHER IAATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In (pni)n, bas¢d w th¢ v*yk undert2k8n in the CtsJTse ofthe a￿￿
infomTrtion gwen in Ihe Tnth. R8k*Xt fina￿¥￿ yoar slataments are F¥ep￿ed is
(w&stentwfth the fina￿￿ statements.
MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTM)N
In Ihe ￿3ht ofour kncN￿ge and of Ihè th•ilAL4e ttfflpany aThJ Is eMr¢mment L**angJ in th8 cr*Jr5e ofthe
autht, we have rKJI idwlified material mbsststernents in the Truste8s' Re[p￿t
We have nthng to rewt in rewa of the nwttw5 n re￿￿ to Cthnpa￿ P£t 2(￿ wuire us to to
you if, in
branche5 ntstvigted by us., LY
10

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
INDEPENDENT AUDITORS. REPORT TO TrIE MEMBERS OF THE BIRMINGHAM ROYAL INSTNUTION FOR
THE BLIND
have not received all eypknakn foroJ
theTrustees were notentiued to kYep¥ethefinarKial staiernents in ￿0yda￿vAth the smaUoJrnpanies wime and
take a{￿antage of Ihe srndl O￿an1¢S exernptiorts ￿ FK¢PWi¥J Ihè Trttstees. Rwl and from the W￿￿ment b)
prepare a strateg￿ ReF*yL
RESPONSIBILtTIES OF TRUStEES
AS expL9ined rrfft fully in the TnJ51ee5' Resp￿￿ Slaterr￿L TnBto8s (vrt￿ are aLso ts drect￿ ofthe charftsble .
¢tJw)anyfr*the purposes ofc4npary rawlarer8spxtsib￿I0T1he￿ryorat1￿ clthefinartial ststementsand tsb8in9sth"sfi8d
thaltheygN&a trUtrar￿ farrwew. ar￿1￿r9￿h i7ternalcot7trd aslheTnJstee5detenrrinei5 rEce55arytoenabb the wspaTati¢Jn
offinarria statements thala￿ free material m￿s￿te.nWL Whett1￿ due to fraud or er￿.
In preparing finanryal Staten￿ts, the Tnjstees a￿ for assessyy tharitsble rA)rryJanYs athlty to o)ntinue
a88 w'ro ¢Xn￿rn, di￿￿)5￿g. 85 apph.￿tr*, mattW5 refated totyyrvJ ccrfKemaThJ using lh?￿1r0 con￿rn basi50fac(x)unting
unlessthe TrLK5tees e1lhermt￿ts) b]L*Jale lhe ftsitable tyJrwtyto¢aase c*havg r#) realith atemative bLrt
to d) so.
AU0￿oRs. RESPONSIBunES FOR THE AUD￿ OFTHE FINA￿Cl4L STATEMEPITS
Ow obl￿t￿e5 we to obtain rea5cffia￿e aWra[￿ atrtArt Ihe finarKAI ￿ements as a vthc* a￿ ffee from matsrial
misstatemen¢ ￿1her￿￿e to fra￿ orerror. andto ￿Je anAu(li￿, ReFx)rt1hatir￿JeS Reasorwbb assuranc8
• high knl of a$S￿an¢e, b(rt is r4)l a guarantee that an authl UMtI￿#ed in aC￿rdan￿ with ISA5 (UK) wiu aknys detecta
n￿terIal misstatementvthen it e¥i%ts. M￿sta1err￿ts rAn a￿efromf￿￿ or errorand aTeC0%￿er&I materia rf. Th)dN#duafty c
in the ag￿at8. Ihey COU￿ be e¥wJed lo ecCr￿￿s￿nS ofusers taken on the basis ofthese .
financAal slaiernents.
lrrngul*it￿$. indudwi9 fr•JJ. ar• of rrfM v*ith ¥kJ re9uwb￿. We ¢Jesw wo(%dLnS In
our re$rM￿￿1Irtre$. to dèted mat*?al n￿talerrtents n respect 0fuTegubri￿. ¥)du¢Jng fraud. The exlenl to
bthich our prc(tdtxE$ are capat4e ofdete(*"ryJ wregubntses. indLNSThJ tra￿1 is delaibj tebm.
The pr￿lureS undertaken in c¥derto iyenffji aTrJ a￿$$ rtsks ofmaw n¥&$t￿In resr*rtofYwJukntEs, irKluding
fraLtrJ com￿lartt wilh and reguLiliors. are as ftkn:
JenbficalK)n and as5e5smentof the iisks of wregukrib¢s',
fr)".
dnon oJnF4iarKe',
o Detei*rKJ and th&rsksoffrJLKI ￿￿j F•vè of8ny aclual. gJSF*ded or
eJ*ed fraud..
We have coisidered the matters rfksojssed the audit erygefflenltwn rèjarrfing PvJ4fand ¥thère fraL*J mtyJhl
oxur in the fi￿ar￿￿81 $¢8t9rn￿ts and any p(rt&itral Offra￿￿.
As a resuftofthe5e the 0￿r¥beS arnj trKYtheststmay ethtwithin theorganisatmin forfraud,
area forlraud.
In o)mmon wth all au(lits uThler ISAS IUKA are akn to p•fm 5F•ift WIX￿r•S to resFond to the rtsk
m8nagemÈrt ovenide.
We Identi* and obt2ined an uTrJer51aTrJw¥J ofthe rBwl8Iw￿s lha1￿ ofswJnfficanc8 ID the Charity by discUss￿nS
vilh TnJste8s and by updating ourundwslaThJro (rflhe sedor n lthththe Charity opwated irh. ￿¢j wulations tst gre
of direct swIfi￿nce to Ihe th￿lty and cl vhjth rK)n corrgtraKE ¢wkl fesujt li fflate￿ ￿sSIaterr￿t are the Chai*ies A¢
. Charibe5 SORP * lax legisL4tY￿.
In additDn, we have cwsidw&Y d ¢lher ncrt a (tired effeA cffj the ffinanoial
stat8ft*nts but ¢￿￿￿ncewith be bmdamentsl to Ihe d￿[)￿$atlty kn Owdtè orto ov(Md a rn*riJ waty.
ReMv*ing Ihe slat￿￿1 disrJJ5LWB5 WKI tssbng to supwytiNJ dcthmentstion to assass ccfflpliarTh wilh
provbions of relevant kqws wvj r•JuLaticms de￿￿ed as havirvJ a ¢J"r￿teff&#QTrlhe fin￿￿181 $talerrwnts',

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BLIND
INDEPENOENf AUOtroRS' REPORT TO THE MEMBERS OF THE BIRMINGHAM ROYAL INSTffuTION FOR
THE BLIND
Undert3kiro 51Jb5tantNe swnpk ba￿ tesbro ￿ [¥￿fin tlyd ¢&kxJL*￿$ matenal rKome slreams kn enswe
Ir￿ne has been appropriaw aThJ xojratety:
Enquiring of manageffentand trknse ?￿th govern8rts.iknC8ThThJ aTrJ F4*nlial lijation and dams..
Perfoming ana￿.¢81 pr￿du￿10 th￿any￿r￿SU810rUWpthl rdali)nstrKpsth* may ￿kts ofmatsrial
mi5St8tement due to frwKI,.
. In addressing the riskoffraud th￿￿ Man&aw￿to￿MJ8 oyoknJ5. te51¥vJ the apWOpriate￿ ofjoumal entr'es
and other adjustnEnts'. ￿ assessing vthether the Judg￿nts made in makng acYLJuntirrfJ estynate5 are indutive
ola F¢)tentta bHS.
We alsocornThoJni*d Te￿lant￿lenltsJ aThJ aTrJ Fthntdtrat•J ￿kStr) ￿eThJag￿l￿a￿ nwnternand
r¢mthe4 alortb any offraud C{*nrfjw￿e wlh WLdatws IMrNJghotrtthe a￿jtt.
th& rf$k ofnot d0tecfj￿ a m*rO Misstst9Mentd￿ to fraL#J is hpjhwthan ts riskofnotdoteclry one resultirrtJ from an error.
fr￿￿1 may liv0￿ delitrerdle cryteaknent by. fiy ewpkn. ltyyery. mi5rewesertati(Th ￿ 1fv￿gh ￿lUsion. Tr*r¥ •rè
inherent limitatrons in Ihe aL*Jit prC￿edureS perf￿m￿ ar*J Ihe bjrther remcN&J nc￿￿(￿P￿an￿ with L*vs and reguktion5
frpm the,events arKI tr8ns*tons ￿fied￿ li Ihe finwtsl statements, the *$5 beo)rre of
AfiJrftherdes0ipts'￿ ofourresF#)nsti¥lrfiesforthe ￿drt0fthefina￿￿SIateMents is lo¢ateJ onthe Financial Repjthg
USE OF OURREPORT
Thk% is made sokty to the ctsitale comp￿$ nwntw as a b)ty. wi acuxdw with Chapter 3 of Part 16 of the
Companie5 Act 2006. audf(%Trkhas undertaken sothat*p r[￿)ht51* to thè dwitale tompantys merY*Jers Il¥)s8
Matte￿ we are requwed to state lo them in an ALK1rtry5' reF(*t arkj tr no otrw ￿￿[F￿e. To thefvllest extent Fernitted by L3W.
we do not xcepl or assume to anycTh other Ihan the tha￿￿e oJThyny aThJ its merkn. a5 a bjty, for ryjr
audit wort fty tlis rebxNt V&* ha¥efrynW. .
AndrewWti¢xl FCCA{S8miorstatuiory audiior)
frx and ￿ bthaff of
Blshop"Flemlng LLP
Chartered
Statutory Audit￿5
1-3 Colege Y¥d
VVR12L8
Date.. 17th December 2023
slw F￿MIr￿ LLP are el¥)￿e ID * a5 ￿lit￿¥ n terThts of 1212rf1he e￿an￿ ALt 2CrfA.
12

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BLIND
STATEMENT OF FINANCIAL ACTIVITIES
{Including the Income and EXper￿ltUre account)
FOR THE YEAR ENDED 31 March 2023
Unrestrithd Restrlcted
Funds
Funds
2023
Total
Totsl
Income
Donations and Legaues
Charitabk Actsvrties
Rent and TenanGy Reg'stralions
20,140
20,140
22.162
970.698
970.698
817.870
Investment InC￿rne
Total Income
75,643
1.IH.481
75.643
I,￿.481
63,157
3,189
Expenditure on:
RaisirYJ FurKIs
Charitable Adiwbes
(16.831)
(1.166.115>
(16,831)
(16.713)
(1.IXK)} (1.167.115) {816,335}
Totsl Expendlture
(1.182.946)
(1.(KM)1 {1.183.9461 {833,048)
Net Gainsl {k)sses) (In Investrnent
Assets
Net movement In funds
(209,543)
(326.CQ8)
(209.5431
(1.OCKIl (327.0081
110,739
180,880
Bala￿eS @ 1* Apil 2022
8alances @ 3151 March 3)23
4,552,762
4.226.754
1,tw 4,553.762 4,372.882
4,226,754 4,553.762
2022 comparth've$ anafvd itheen restr**d arKI unrestricted fiJrKts are at note 20.
Unrestrt¢ted Funds
Incorne and Exponditurg, Net of frKstwical C￿ts
2023
2022
Nel Movement in Funds lat￿ve)
(Less) ladd k￿*￿(ga1r￿) on inveslrnnts
1327.008)
187,￿7
180,880
27,998
depreckiI￿)n of the year cabJkted ￿ the reydlued affKwnL
1,080
Hlstorlcal Cost (Defictt) I Surplus forthe year
(137.931)
209.958
The sU￿S IDrts ywfor 2{￿ PLV)ses £137.931 (2022: *crfW.9581
AJI anwunts relate to contiwirg
13

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BLIND (Company No 1900123)
BALANCE SHEET as of 31 March 2023
2022
Fixed Assets
Tangible Assets
Investments
1,958,920
2.374,991
4,￿,911
2,015,044
2,526.114
4,541,158
Currenl Assets
Debtors: Am￿nIS fallirg due wlhin (ne
year
Cash at arKI In Hand
10
5.617
62,780
68.397
4,554
23,302
27,8Sfj
Current Liabilities
Creditors.. Amounts falliro due vnthin one
year
(175,554)
<15,252)
Net Current (Llabilltlesy Assets
{107,157)
12,604
Total Nel Assets
4,226.754
4,553,762
The Funds of the Charfty:
Unrestrlcted Funds
General Fund
Revaluation Reser+
Designated Funds
Restricted Funds
13
14
14
15
2,244,646
. 622.￿0
1.359,148
2,514,530
624,040
1,414,192
1,¢X)O
4,226,754
4,553,762
The finaTrial statements are prepared in a￿r￿an￿ with the prowsy)ns applitsble to o)mpanies
subjecA to the small CoMpan￿s, regme.
The financ4al siatements on pages 14 to 27 ￿e apprO￿d by the Govemrs, authorised for issue on
19 July 2023, and signed on their bthaK by:"
G. Oakley
C. BraJshaw
14

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
STATEMEKf OF CASH FLOWS
FOR THE YEAR ENDED 31 March 2023
2023
2022 .
Cash flows from operating acbvitses:
Net Cash from Operating Activities
Cash flows from investing athitses:
Dmdend income
Interest received
Proceeds from sale of investrnents
Pur¢hase of Investrnents
22,254 {159,404)
75,627
16
476,819
432,997
(431.384} (444.007)
63,156
Change In cash and cash equlvalents In the reportlng perfod
143,332 (107,2571
Notes to the Statsment of Cash Flow
1. Reconciliation of net (expenditureifincome to Net Cash flow
from Operaling Activities
2023
2022
Net (8xpenditureYincome for the year
Adjustments for.
Depreaation tharges
(Gains) / losses ￿ nveslments
Bank Interest Receivab￿ WKI Investrnent Inrxjme
(327.(K)8)
180,880
56.124
56,124
209,543 (110,739)
75,643
63.157
(136.984)
63,108
Increase in Debtors
Increase in Creditor5 arKJ Deferred IncL
Net Cash Infiowl(Outtlow) from Operating Activitiès
(1.065}
(3.846)
160.303
218.686
22.254 (159,404)
2. Analysls of Change in Net Funds
At 1 Aprfl
2022
Cash
Flows
At 31 Mar¢h
2023
Cash in Hand
Held as part of investrnent F(4lfofio
23.302
78,631
101.933
39.478
103,854
143,332
62,780
182 485
245,265
15

THE BIRMINGHAM ROYAL INsTifL￿10N FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
1. ACCOUNTING POLICIES
(a) Basis of Acc￿nting
The financial statements have been prepared under the historical cost conventw)n. modifth to irKlude
the revaluation of assets and in accordan￿ vAth the Companies Act 2006.These financial statements
comply with Finanaal ReF*JTting Standard app￿Cable #i the UK and Rewblic of IrelaTrJ (FRS 102)
(effectwe 1 January 2015). In addithjn:
(11 BRIB is wngdered to LE a public benefft entity.
(21 The financial ststements have been prepared under a goirKJ CCK￿rn basks. and thete are rm)
material o)ncems in this regard.
(3) BRIB is a Company limÈted by guarantee (1900123), ino)rpJrated in England and Wales with a
registered Offi￿ at 49.Court Oak Road, Hart)ome, Birmingham ,B17 9TG.
Ib) Uses of Estimates and Judgements
When preparirKJ the financtal statements. management makes a number ofjudgements, estimates and
assumptions ab(xJt the recojnltp￿ and measurement ofassets. Ikqbll￿'es. income and expenses.
Tha Govemors are of the cyinM)n that there are no significant key areas of managwnent judgement and
estimates used in the preparation of the financial statements.
Ic) Tangible Fixed Assets
Tangible fred assets are retsjrded at c£tst or valuat*Jn. Tar¥JIb￿ assets vthith have been donated to
BRIB are rewrded at their ¢urrent u$8 valuation at the time ofau4UiSitk)n.
Expenditure ofless than £1.OLI) M planL lumibjre. f￿￿re$ ard fittings is char9ed as resources expended
In the year of acquisilton.
Frxed assets fijnded by speofic donalb)n are Capitalised and depreLiated in line with the nO￿nal
depreciation rates shown below. SFeoficdonalions toaquire suth assets are brought into the ststement
offinancial activities vthen receNable and ir)duded in restricted funds. DepreQath￿ on the value of such
assets is charged against restricted funds.
Deprecaation is prowded on al1'tangib￿ fixed assets at rates cabjlated to write off the cost or valuatK)n
of eath asset less ts estimated resKlual value over bts expetsj useful lrfe as follows:
Land
Freehold Prcoerty
depreaation
Straight basis over tha expeded usefijl life of
indivrdual buildings, as deterTnined by propety
adviser5 (behveen 15 and 50 yeats).
16

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
1. ACCOUNTING POUCIES (¢oDtinued)
(d} Income
In￿rne is included in the financial statements C￿ an ac¥7uaL8 basis. Inc3Jme from legacies is accnEd
when the rstsipt of th818gacy is wobable and the aff￿nt to be rec£N8d (2n be reliably estimated.
(e) Grants
Grants re￿iVed towards SF)echlc proieds are taken to in(xJme duriThJ the per¥>J in vthth Ihey are
receivable. Grants payable are reo>3ni5ed as expenditure ￿en the cLvnmitrnent is entered inlo. Illhere
such a grant is to be paid over by instalments. the cKrtstarKJirvJ balan￿ is disck)sed as a liabilty.
(fj EX￿n￿lture
Expenditure ts aLXX)unted foron an acCn￿lS basis. Thecostof Yreo)verdble ValueAdded Tax is incl￿ed
th the itern of expense to it relales.
(g) Investments
Investments are stated at mathet value at the balan￿ Sheet date ths provision for any permanent
diminution in value OL￿￿7n9 after the batance sheet dats.
Any gain or k>ss on disposal or revabation ts taken to Ihe Statement of Financial Actsvrties.
{h) Funds
Restrictéd Funds
These consist of monies reoived by the CharTty for speafic wrposes less expendtiure to date.
Unreslrictsd Funds
General Reservè
The general reseNe represents the free reserrfes target is the minimum ￿Ve1 of reserrfes Ihe
Govemors have assesseil SI¥￿kj be ring-fenced arvj relainwj invested in marketable securities.
Free ReseNe
Thi5 fund reprvsents the pernitted distributable element of the unrestrided fund&
Deslgnated Funds
These funds. vthich have been set aside froyn the general fiJrvJ. equate to the net took value of those
tangible assets thich are not ￿p￿sented by restrided fijnds toJeOw such olher sums as may be
. d8temined by the GoVern￿S from time to time.
17

THE BIRMINGHAM ROYAL INSTITLrrioN FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
li) Voluntary Help
No finanaal value has been attritxrted to th8 VO￿ntary he¥J ￿1Ved by the Charity during ts year.
1. ACCOUNTING POLICIES (continued)
(i) Financial Instruments
The Charity only has financ#al assets and finanaal ffabilities ofa kind that qualrfy as basic
financial instruments. Basic financial instruments a￿ in￿'alty recc¥Jnised at transactoon value
and subsequenly measured at their settlement value.
2. CHARITABLE STATUS
The Birmingham Royal Instituti¢)n for Ihe BliThJ is a regisiered Charity and is exempl from Inc41me Tax
and Caprtal Gains Tax provbjed ts incx)me and gains are applied for d￿ritab￿ purposes.
3. DONATIONS AND LEGACES
2023
2022
General Fund .
Le9acies
Grants, Donations and Events
18.561
1.577
20,138
18,853
22,162
4. INCOME FROM INVESTMENTS
2023
2022
Listed Fixed Asset Investrnents
Short Tem Deposts
75.627
16
75,643
63.156
63,157
S. COST OF RAISING FUNDS
2023
2022
Investment Management Fees
16,831
18

THE BIRMINGHAM ROYAL INSTrruTION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
6. CHARITABLE ACTMTIES
2023
2022
General Fund
Grants to Queen Alexandra College
Grants to Focus Binningham
Administration and Financial SeNices
858.521
196.474
55.996
564.712
164,787
30.712
1,110.991
760,211
Deslgnated Funds
DepreciaticKJ of Fwl Assets
56.124
56,124
Restrfcted Funds
Depreciation of Fi￿1 Assets
Total
1,167.115
816,335
Administraticn and Financtal SeThiLYS cx>sts in(*Jde GovemancÉ costs of £10,710 (2022: £11.928>.
Auditors ReM￿eration.
Extemal audit services:
Other Servi￿S.
2023
10,710
2022
10,200
1,500
7. GOVERNORS AND HONORARY OFFICERS
The Govemors and honorary offws (Company S￿retary and Treasurer) are the Key Management
Personnel of the Charity. No remuneratirm Vfds paid to any Govemor or honordry Offi￿r. (2022.. Nil).
During the year no expenses wefe daimed by any Govemor or ￿rK)rary offir£r (2022.. Nil>. Al expenses
are incU￿ed wholly and exdusvely in caryiryJ out their duties as Govemors of the Charity and are in
The Charity paid £1,019 in the Yearfor£1,l￿1.lx￿J of Direc*xs & 0￿￿e[S insurance cover (2022: £1.019).
19

THE BIRMINGHAM ROYAL INSTITIrnON FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
8. FIXED ASSErs
Freehold
Land
Freehold
Bulldlngs
Total '
Cost or Valuallon
1 April 2022
Disposals
31 March 2023
Depreciation
1 April 2022
Provided in the Year
31 March 2023
Net Book Values
31 March 2023
760.IJ)O
4,572.889
5,332,889
760.IXIO
4,572.889
5,332,889
3,317.845
56.124
3.373.969
3,317,845
56,124
3,373,969
760.1))O
1,198.920
1.958,920
31 Mard12022
760.C(M)
1.255.044
2,015,044
The freehold land and Ixrfdings are the subJ"e¢t of leases lo F¢￿$ BinniWam arKI QLEen
exandra Ctjlege.
When the Company was inco￿ted in 1985. trE extsttng assets of Ihe unino)rpordted Charity were.
laken over freehokl land and buiklings and short leaseholds were subsequenty professitinally
revalued.
As the assets comprise the prime properties for main Charities vthich BRIB supy)rts it is not
considered necessary or appropriate to have Ihe properties revaI[￿d at the cwt time.
If freehold Lgnd and buikjings had not be￿ revatued. ihey wcAJld be stated at the follomng amunts:
2023
2022
Historieal Cost
Depreciation based on historical c4)st
Historical net book value
3,993,888 3,993,8&9
2.657,929
2,602,885
1,335,959 1,391,CM)3

THE BIRMINGHAM ROYAL INSTITLMON FOR THE BUND
NOTES TO THE FINANCIAL sTATEME￿rs
YEAR ENDED 31 March 2023
9. INVESTMEKrs
Llsted Invaslments
Unrestrlcted FurKI
2023
2022
Balan￿ @ 1 April 2022
Less: Cash held as part of ￿rtfol￿)
Market Value @ 1 April 2022
Add.. Purthases
Less: Sales
Gainsl (Losses) on disposal or revaluation
Market Value @ 31 March. 2023
Cash held as part of wrtfdh)
Total Investments
2,526,115 2.468,819
{78,631) (143,086)
2.447.484 2.325,733
431,384
444,007
(476,819) 1432,997>
209,543
110,741
2,192,506 2,447,484
182,485
78,631
2.374,991 2.526,115
At 31 March 2023 there were no inveslments with a value in exlxs of 5% of the total value of tha
portfolio.
The market value of investments at 31 Marth 2023 is represented by the follovAng".
Investments Listed on a Recognised Stock Exchange
2023
. Total
2022
Total
Fvxed Interest
Alternative Assets
Equities
Total
271.583
255,470
350,598 1,751,885
1,570.325
440,129
2.192.506 2,447.484
10. DEBTORS: Amounts falling due within one year
2023
2022
Trade debtors
sociated Organisalions
Acoued Income
Prepaymerts
160
526
3,613
255
5,362
255
5,617
21

THE BIRMINGHAM ROYAL INSTtruTION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
11.
CREDITORS: Amounts falling due within one year
2023
2022
Grants Payable to Associated OtganisatKK
AccNals
160,430
15,124
175.554
15,251
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Fund Balances at 31 Marth ￿23. are
represented by:
Tangible Fixed Assets
Investrnents
Current Assets .
Current Liabilities
1.958,920
2.374,991
68,397
175,554
4.226.754
1,958,920
2,374,991
68.397
175,554
4,226.754
13. RECONCIUATION OF MOVEMENT IN UNRESTRICTED FUNDS
General
Free
Designated
Reserve
Reserve
Funds
Note 14
2023
Total
As at 1 April 2022
1.702.5(M)
812.030
2,038,232
4,552,762
vement in the Ypar
(269,884)
{56,124)
(326.008)
Transfer befvfftn ffiJKIs
269,884
(269.884)
As at 31 March 2023
542.146
1.982,108
l Avalableto dtstsitrxrt•

THE BIRMINGHAM ROYAL INSTrruTION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 Marth 2023
14. DESIGNATED FUNDS
Fixed
Asset Revaluation
Reserve
Reserve
Staff
Indemnlties.
Totsl
Balan￿ at 1 April 2022
1,391.004
624.040
23,188 2,038.232
Movement in the year
(55.044}
(1.080)
(56.124)
Balanc& at 31 March 2023
1,135.960
622.960
23,188
1,982.108
Th8 FIX￿ Asset Reserve represents tryJether the rev8￿￿1￿￿ reseprfe. lh8 net book value of fixed
assets purchased from unrestrirted funds.
The Revaluation Reserve arose from Ihe re￿￿jaI￿￿ of freehokj Iw¥J arml buiklings in 1985 arnl is
shown separatety as required by Company Law.
Staff Indemnities represent the potentiaf liabifty that woukl fall to the Chaiity sFK)ukJ any employee of
Focus Bimingham and Queen Ajèxandra College. whose ernployment transferred from the Charity li
1997. suffer redundancy.
15. RESTRICTED FUNDS
QAC Llbrary
Fund
'Balance at 1 April 2022
Movement in the year
Bal￿ at 31 March 2023
1,000
1,000
During the year BRIB paid QAC Ihe £1.QIX) that beqjeathed n the prewous year th a request that
the fundsbe SFEnt the Library at Queen Alexandra College.

THE BIRMINGHAM ROYAL INSTrrimoN FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS .
YEAR ENDED 31 March 2023
16. CAPITAL COMMttMEPITS.
There were no capital commitments ccmtracted up to 31 Marth 2023 {2022: £nt4.
17. OTHER FINANCIAL COMMrrMENTS
During the year BRIB awarded For￿S a Grantof £48kto fund the staff c#)sts of a 2 yearte￿I￿* support
service. At the yearend Fcrus have not c£¥nmenced this proiecL or rec¥uiled thè staff lh8 grant will fund,
it has therefore not been includ&J as a h'abilty at the yeareTrJ. bui is noted here to confinn thata financial
cnmmitrnent remains.
18. coMfiNGEMf LIAIBILMES
There were no contingent liabilities as at 31 March 3)23 {2C122: £nil).
19. CONNECTED ORGANISATIONS
Principal o)nnected organisations are as fol(yNs:
Queen Alexandra College (QAC)
This Charity was estabfished in 1997 to take over the fijrther edUts￿n and trainirMJ for work operations
of BRIB on 31 December 1997. tt has been granted a k)ng lease by BRIB on part of tts Harbome site
and benefits from funding ¢(￿nmitments made by BRIB. It has the right to appoint one third of the
Govemys of BRIB arKI no decisions can ￿ made by BRIB ￿vernorS unless at least one QAC
representative is present and votes in favour. Ouring the year it paid rent of £746,990 (2022: £627,700)
to the Charity and retswed grants of£858,521 (2022: £564.712).
FOCUS BIRMINGHAM
This Charity was estatrAished in 1997 to take over. on 31 December 1997, Ihe provision and promotion .
of ServI￿S to blind or partiany sKJhted Feopk in the c)Jnmunty. the operat￿5 prevh)usly being called
BRIB Vision Servi￿. It also has been granted a bng lease by BRIB on part of ts Harbome site and
beneffts from funding (t)mmthents made by BRIB. It has the same representslion and voting rights on
BRIB'S t#)ard of Govemors as Queen Atexandra College. During the year it paid rent of£194,474 (2022:
£164,690) to the Charity and r￿1Ved grants of £1%.474 (2022: £164.787).
New Outlook Houslng As￿￿latIOn Limiled
The llousing association operdtes housrrfJ and care fa(alrfiestr blind aThJ partially styd people. largèly
built on land owned by BRIB. During the year it paKI £26.752 to the Charity in reSp￿t of rent and new
' Tenancy RegistratKJns (2022: £25,460).

THE BIRMINGHAM ROYAL INSTITUTK)N FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
20. STATEMENT OF FINANCIAL ACTivrfY (2022)
The Statement of Financial Actiwty for 2022 is anatyged bets¥een Unrestri(aed and Restrcted Funds as
follows:
Unrestricted
Funds
Restrict•d 2022
Funds
Total
2021
Total
Income
Donatic￿S and Legacles
Charilable Ath￿e$
Renl and Tenancy Regi8lrath)ns
21.162
22.162
, 2.036
817.870
817.870
816.39)
Investrnent Inclime
Total Income
63,157
2.189
63,157
903.189
62.469
880.895
Expendllure on:
Raising Funds
ctwitable Acttv￿eS .
16,713
816.335
16.713
16,105
816,335 1,085,891
TO￿￿ Expendituro
833,048 1,101,996
Net Ga¢nsJ (bssesl ￿ Irwestr
Assets .
Net movement In funds
110,739
110.739
444,012
179.880
180.880
222,911
Balan￿ @ 1.￿1[ 2021
Balan￿ @ 31" March 2022
4,372,882
4.552.762
4.372.882 4,149,971
1,(MXI . 4.553.762 4,372,882

THE BIRMINGHAM ROYAL INSTITUTION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
21. OPERATING LEASES
At 31 Marth 2023 the future mnimum lease payments to Ihe Chanty under non-cancellable
operating leases ui BRIB'S role as a lessor are as folbjvs:
2023
2022
Expiry date:
Due within 1 year.
Land and buildings
81.833
67.380
Between 2 and 5 years.
Land and buildings
109.112
96,000
More than 5 years:
Land and buildings
1.827.626 1.634.000
.For the majority of BRIB'S lease inc(xne. under the Transfer of Operatw)ns Agreement Ihe Charity is
committed to making a grant to QACI Focus equal to the rent re￿Nable. The fvture minimum lease
payments above are only for the element of Ihe leases to QAC and Focus where the Charity is not
mrnitted to ma￿r￿￿ a matchirKJ grant.
22. POST BALANCE SHEET EVENTS
There have been n() pM)st balan￿ sheet events that affed Ihese aC¢>x￿ts.