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2021-03-31-accounts

Charity registration number: 700212

Teesside and District Society for the Blind

Annual Report and Financial Statements

for the Year Ended 31 March 2021

Teesside and District Society for the Blind

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 3
Statement of Trustees' Responsibilities 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 19

Teesside and District Society for the Blind

Reference and Administrative Details

Chairman S Hudson Charity Registration Number 700212 Principal Office Stockton Road Middlesbrough Cleveland TS5 4AH Independent Examiner HMB Accountants Ltd 18a Manor Way Belasis Hall Technology Park Billingham TS23 4HN

Page 1

Teesside and District Society for the Blind

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.

Objectives and activities

Objects and aims

The objects of the Society shall be to relieve blind and partially sighted persons resident in the Borough of Middlesbrough, the Borough of Redcar and Cleveland and the Borough of Stockton On Tees.

Public benefit

The activities undertaken to further public benefit include:

(a) the provision and maintenance of a welfare Centre for partially sighted persons.

(b) the provision and maintenance of recreational facilities for partially sighted persons with the object of improving their conditions of life.

(c) the provision of education and training for partially sighted persons.

(d) the provisions of items, services or facilities partially sighted persons.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mrs Maria Baines Mr Leo Barnbrook S Hudson Mr Keith Laycock Cllr B Woodhouse Clare Gambol Mark Flewker- Trattles

Structure, governance and management

Nature of governing document

The Society is governed by its constitution the latest revision of this was in March 2020

Recruitment and appointment of trustees

New trustees are appointed by the management committee and serve for three years after which they may put themselves forward for re-appointment. The Constitution provides for a minimum of three trustees, to a maximum of ten.

Induction and training of trustees

On appointment new trustees undertake induction with the Society manager

Page 2

Teesside and District Society for the Blind

Trustees' Report

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Approved by the trustees of the charity on 18 November 2021 and signed on its behalf by:

......................................... S Hudson Chairman and Trustee

Page 3

Teesside and District Society for the Blind

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 18 November 2021 and signed on its behalf by:

......................................... S Hudson Chairman and Trustee

Page 4

Teesside and District Society for the Blind

Independent Examiner's Report to the trustees of Teesside and District Society for the Blind

I report to the trustees on my examination of the accounts of Teesside and District Society for the Blind for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of Teesside and District Society for the Blind you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Teesside and District Society for the Blind's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Teesside and District Society for the Blind as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

Mr Howard M Bedford

18a Manor Way Belasis Hall Technology Park Billingham TS23 4HN

18 November 2021

Page 5

Teesside and District Society for the Blind

Statement of Financial Activities for the Year Ended 31 March 2021

Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
4
Total income
Expenditure on:
Charitable activities
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
4
Total income
Expenditure on:
Charitable activities
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
funds
£
4,590
84,011
6,483
95,084
(136,421)
(136,421)
4,450
(36,887)
(36,887)
274,402
237,515
Unrestricted
funds
£
33,647
88,612
11,475
133,734
(206,684)
(206,684)
(19,027)
(91,977)
(91,977)
366,379
274,402		 Total
2021
£
4,590
84,011
6,483
95,084
(136,421)
(136,421)
4,450
(36,887)
(36,887)
274,402
237,515
Total
2020
£
33,647
88,612
11,475
133,734
(206,684)
(206,684)
(19,027)
(91,977)
(91,977)
366,379
274,402

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 17.

The notes on pages 8 to 19 form an integral part of these financial statements. Page 6

Teesside and District Society for the Blind

(Registration number: 700212) Balance Sheet as at 31 March 2021

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
17		 2021
£
58,162
137,129
195,291
775
2,974
46,930
50,679
(8,455)
42,224
237,515
237,515
237,515		 2020
£
73,261
132,679
205,940
996
1,818
75,902
78,716
(10,254)
68,462
274,402
274,402
274,402

The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 18 November 2021 and signed on their behalf by:

......................................... S Hudson Chairman and Trustee

The notes on pages 8 to 19 form an integral part of these financial statements. Page 7

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Teesside and District Society for the Blind meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

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

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 8

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold property 5% on cost
Equipment 20% on cost
Motor Vehicles 25% Reducing Balance

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 9

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Trade creditors

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 10

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 11

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Page 12

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Regular giving and capital donations
Total for 2021
Total for 2020
3
Income from charitable activities
Home visiting scheme
Multi service centre
Home visiting scheme
Multi service centre		 Unrestricted
funds
General
£
4,400
190
4,590
33,647
Unrestricted
funds
General
£
10,167
17,966
28,133
Unrestricted
funds
General
£
19,780
68,832
88,612		 Total
funds
£
4,400
190
4,590
33,647
Total
2021
£
10,167
17,966
28,133
Total
2020
£
19,780
68,832
88,612

Page 13

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

4 Investment income

Other income from fixed asset investments
Other investment income
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
5,674
809
6,483
11,475		 Total
funds
£
5,674
809
6,483
11,475

5 Expenditure on raising funds

6
Expenditure on charitable activities
Note
Multi service centre
Technology training
Governance costs
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
80,748
14,768
40,905
136,421
206,684		 Total
costs
£
Total
funds
£
80,748
14,768
40,905
136,421
206,684

Total expenditure £

7 Analysis of governance and support costs

Governance costs

Page 14

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Independent examiner fees
Other fees paid to examiners
Allocated support costs
Total for 2021
Total for 2020		 Unrestricted
funds
General
£
2,772
38,133
40,905
32,345		 Total
funds
£
2,772
38,133
40,905
32,345

8 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Independent examiner's remuneration

9
Independent examiner's remuneration
2021 2020
£ £
Other fees to examiners
All other services 2,772 2,640

Page 15

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

Cost
At 1 April 2020
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
12 Fixed asset investments
Other investments		 Land and
buildings
£
157,613
157,613
112,835
7,881
120,716
36,897
44,778		 Furniture and
equipment
£
74,615
74,615
73,451
388
73,839
776
1,164		 Motor vehicles
£
36,425
36,425
9,106
6,830
15,936
20,489
27,319
2021
£
137,129		 Total
£
268,653
268,653
195,392
15,099
210,491
58,162
73,261
2020
£
132,679
74,615 36,425
73,451
388		 9,106
6,830
73,839 15,936
776 20,489
1,164 27,319
2021
£
137,129

Page 16

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Other investments

Cost or Valuation
At 1 April 2020
Revaluation
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
13 Stock
Finished goods
14 Debtors
Prepayments
15 Cash and cash equivalents
Cash on hand
Cash at bank
16 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Unlisted
investments
£
132,679
4,450		 Total
£
132,679
4,450
137,129
137,129
132,679
2020
£
996
137,129
137,129
132,679
2021
£
775
2021
£
2,974
2021
£
193
46,737
46,930
2021
£
475
-
5,208
2,772
8,455
2020
£
1,818
2020
£
84
75,818
75,902
2020
£
-
33
7,581
2,640
10,254

Page 17

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

17 Funds

17 Funds
Balance at 1
April 2020
£
Unrestricted funds
General
274,402
Balance at 1
April 2019
£
Unrestricted funds
General
366,379
18 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Incoming
resources
£
39,206
Incoming
resources
£
133,734		 Resources
expended
£
Other
recognised
gains/(losses)
£
Balance at
31 March
2021
£
(80,543)
4,450
237,515
Resources
expended
£
Other
recognised
gains/(losses)
£
Balance at
31 March
2020
£
(206,684)
(19,027)
274,402
Unrestricted
funds
Total funds at
31 March
General
£
2021
£
58,162
58,162
137,129
137,129
50,679
50,679
(8,455)
(8,455)
237,515
237,515
Unrestricted
funds
Total funds at
31 March
General
£
2020
£
73,261
73,261
132,679
132,679
78,716
78,716
(10,254)
(10,254)
274,402
274,402		 Balance at
31 March
2021
£
237,515
Balance at
31 March
2020
£
274,402
237,515
Total funds at
31 March
2020
£
73,261
132,679
78,716
(10,254)
274,402

19 Analysis of net funds

Page 18

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2021

Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 April
2020
£
75,902
75,902
At 1 April
2019
£
45,562
45,562		 At 31 March
2021
£
75,902
75,902
At 31 March
2020
£
45,562
45,562

Page 19

Teesside and District Society for the Blind

Statement of Financial Activities by fund for the Year Ended 31 March 2021

Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2021
£
4,590
84,011
6,483
95,084
(136,421)
(136,421)
4,450
(36,887)
(36,887)
274,402
237,515		 Total
Unrestricted
Funds
2020
£
33,647
88,612
11,475
133,734
(206,684)
(206,684)
(19,027)
(91,977)
(91,977)
366,379
274,402

This page does not form part of the statutory financial statements. Page 20

Teesside and District Society for the Blind

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Investment income (analysed below)
Total income
Expenditure on:
Charitable activities (analysed below)
Total expenditure
Gains/losses on investment assets (analysed below)
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2021
£
4,590
84,011
6,483
95,084
(136,421)
(136,421)
4,450
(36,887)
(36,887)
274,402
237,515		 Total
2020
£
33,647
88,612
11,475
133,734
(206,684)
(206,684)
(19,027)
(91,977)
(91,977)
366,379
274,402

This page does not form part of the statutory financial statements. Page 21

Teesside and District Society for the Blind

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Donations and legacies
Donations
Subscriptions
Charitable activities
Fundraising events
Local authority contracts
Outings income
Sale of goods
User contributions for fuel
Furlough Grant
Investment income
Other fixed asset invest
Income from other investments
Charitable activities
Purchases
Rent, rates and water
Light, heat and power
Insurance
Repairs and renewals
Telephone and fax
Office expenses
Motor expenses
Depreciation of freehold property
Depreciation of improvements to property
Depreciation of fixtures and fittings
Depreciation of motor vehicles
Wages and salaries - Home visiting scheme
Wages and salaries - Multi service centre
Wages and salaries - Technology training
Wages and salaries - Governanace
Accountancy fees
Gains/losses on investment assets
Realised gains/losses f a invest		 Total
2021
£
4,400
190
4,590
84
10,167
(5,006)
22,888
-
55,878
84,011
5,674
809
6,483
(3,194)
(941)
(3,193)
(6,271)
(17,924)
-
(1,540)
(8,563)
(5,381)
(2,500)
(389)
(6,830)
-
(24,022)
(14,768)
(38,133)
(2,772)
(136,421)
4,450		 Total
2020
£
32,567
1,080
33,647
950
19,780
25,116
22,510
20,256
-
88,612
11,475
-
11,475
(43,777)
(1,099)
(10,880)
(2,748)
(19,320)
(957)
(2,265)
(23,462)
(5,381)
(2,500)
(388)
(9,107)
(8,129)
(25,796)
(18,530)
(29,705)
(2,640)
(206,684)
(19,027)

This page does not form part of the statutory financial statements. Page 22