BELFAST ASSOCIATION FOR THE BLIND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their Annual Report together with the financial statements for the year ended 31 December
2022.
History
The Belfast Association for the Employment of the Industrious Blind was established in 1871 to provide
employment for blind people. The Workshops for the Blind {the trading name of the Association) traded for over
100 years, before selling its business and premises in Lawnbrook Avenue, Belfast to Ulster Sheltered
Employment Limited, a government sponsored concern in 1980.
The Trustees of the association invested the proceeds from the sale of the Lawnbrook premises and the
charity's title was then changed to The Belfast Association for the Blind. Its constitution was amended under a
Cy Pres scheme which was approved by the Court on 21 June 1982.
The association was registered with The Charity Commission for Northern Ireland in 2018, its registered number
being NIC 106091.
Objectives and activities
a. Policies and objectives
The principal activity of the Association during the year continued to be that of giving financial assistance to
registered blind people within Northern Ireland, to former employees of the Workshops for the Blind and to
voluntary organisations closely associated with the blind.
Other bodies receiving assistance are those in the field of education and medical research and equipment in
relation to the blind and visually impaired.
b. Main activities undertaken to further the Charity's purposes for the public benefit
The charity has several activities running. The results of the main ones are listed in the Review of activities
below.
Achievements and performanca
Review of activities
The investment policy of the Trustees, guided by the Association's Investment Advisors, Evelyn Partners,
previously knwn as Smith & Williamson, has ensured long-term growth in capital and revenue funding. The value
of the association's investments at the year end has fallen by approximately 4 % since the previous year, but the
trustees are confident that the investment policy agreed with its advisors is sound.
In 2022 the Association made and committed donations, grants and gratuities amounting to £35,361 (2021:
£34,498) to visually handicapped people resident in Northern Ireland, ex-employees of the Workshops for the
Blind, and charities for the blind. In addition, grants amounting to £62,000 (2021- £25,000) were made to
research institutions within Northern Ireland.
The following organisations benefitted during 2022:
Queen's University Belfast
Acorn Arts
Atlanta Swimming Club
Edgecumbe Club
Angel Eyes
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BELFAST ASSOCIATION FOR THE BLIND
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The Association actively manages its investment portfolio so as to maximise returns to the Association within
acceptable risks and to provide adequate reserves to meet the needs of the Charity into the foreseeable future.
The running costs of the Charity are negligible in the context of the reserves held.
c. Financial performance
The Statement of Financial Activities, which incorporates the Income and Expenditure Account for the year can
be found on page 7 of this report. The net movement of funds for the financial year is an decrease of £107,009,
(2021-. net increase of £193,001). The main reason for this movement is a decrease in the value of the
Association's share portfolio. At the year end the association holds total funds of £2,431,367 (2021- £2,538,376).
The association incurred a net deficit of £12,592 (2021 net surplus of £53,273) before realised and unrealised
losses on investments of £94,417 (2021 gains of £139,728).
The value of investments held at 31 December 2022 amounted to £2,331,026 (2021 £2,435,786). which
represents a decrease in value during the year of approximately 4 %. There has been a modest increase in this
value since the year end.
During the year the association received total income of £95,941 (2021.. £122,732). The Association spent a
total of £108,533 (2021.. £69,459) providing resources to various projects and blind individuals in the local
community.
structure. governance and management
a. Constitution
Belfast Association for the Blind is a registered charity, number NIC 106091, and is constituted under a Trust
deed.
b. Methods of appointment or election of Trustees
The Association is managed by a Board of Trustees which meets on a regular basis, chaired by Professor D B
Archer. The appointment of new Trustees is made by the existing Trustees. The policy of the Trustees is to
ensure a broad representation of experience and professional expertise. No remuneration is paid to the
Trustees.
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BELFAST ASSOCIATION FOR THE BLIND
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Plans for future periods
Future policy will be to ensure a proper balance be￿een capital growth and sufficient revenue to provide for the
needs of the Association as budgeted by it and approved by the Trustees.
Funds held as custodian
No funds are held as custodian on behalf of others.
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice}.
The law applicable to charities in Northern Ireland 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 its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently-,
observe the methods and principles of the Charities SORP IFRS 102).,
make judgements and accounting estimates that are reasonable and prudent-,
state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and 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 (Northern Ireland) 2008,
the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the Trust deed.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Professor Desmond Brian Archer
(Trustee)
Date: 9 May 2023
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