Visually Impaired's Former Residents Trust Statement of financial actlvlties For the year ended 5 April 2023 Restricted funds 2023 Total fiJi)ds 2023 fuiicls 2022 Note InGome from: Ini'esuiieiits 925 925 Total Incomo 925 925 Expenditure on: CliaritRble actiiFiues 5,180 5,180 569 Total expendlture 5,180 5,180 569 Net expendlture before net losses on Inveslments Net losses on investmeiits (4,255) (6,169) (4,255) (6,169) (568) Net movement in funds (10,424) (10,424) (568) Reconclliatlon of funds: Total funds brouglif fonvard Net IllOlTcmcnt in tund5 268,340 (10,424) 268,340 (10,424> 268,908 (568) Total funds carrled forward 257,916 257,916 268,340 All Ainounts relate to continuous operations. 'nie Stateinent of finaiici81 actii'ities iiicludes all gqitls And losses recogiused in tlii. )'Lar. The notcs on pAge5 8 10 14 lorjn part of these fiiianciAI gtAtcments. p¢6
Vlsually Impalred's Former Residents Trust Balance sheet For the year ended 5 April 2023 2023 2022 Note Fixed assets liivcstsnents 257,928 26(),524 Cash at bank aiid in hind 1,788 1,816 1,788 1,816 Creditors.. ainounts falling due ivithiii one yeat (1,800) Net current Ilabllltles l assets (12) 1,816 Total net assets 257,916 268,-140 Charlty funds Restricted funds io 257,916 2C)8,340 Total funds 257,916 268,340 'riic financ&AI statement5 Ivere aPPIOiFed And autliorised for issue b}, die Trustee oti 02 Febru24y 2024 Ind sigiied oti dieir bel)alf by: Cleaver (I'rtis Ilton Rankin Trustees tAmited l]ie notes on pages 8 to 14 fonn part of tliese fitigncial statements.
Visually Impaired's Former Resldents Trust Notes to the financial statements For the year ended 5 April 2023 General Informatlon T]ie lli5uall)' ImpAired's Former Residents Trust 15 an linincoorlted trust. Its priiicipal office is 50 Bcdfotd Strect, BelE?st, Bl'2 7Flll and li l)as a cliarit). registration niiinber of l 08610. Accountlng pollcles 2.1 Basis of preparation of fiiiancial stateihents The fii)anctal statement5 are prepared on 2 gotng concern basi5, under the lllstorical cost coni'etition unless OtlieThipi5e notcd in tlie accountii¥ policies below. Tlie), liaiFe been prepared iti accordaiice ivitli applicAble laiv and accounting standards issued b}, the Financial Reportiiig Council, including fRSI 02 'Tlie FiiianciAI Repoiting StAndard Applicable in die UK And Republic of ILelatid" C'FIISI 02,), aiid tlie StAtemeiit OF Recommended l)ractice- Accounting And Reportiiig bi, ChAfitie5, efFecUve l Janvar), 2019 'SORP"). Tlie Visu}, Inipaired Formei Resident5 Trust constitutes a public beiiefit eiitlttw is defiiied b}, fRS 102. 2.2 Going concern Tlie ttvstces 1121'e assessed t112t the Visuall), Impftiied's Foimer Re.sidenis Twsl IIAS adequate resources to meet tlie ongoing costs of tlie etitsti. for a ininLinum of 12 Iiiolitlis froirft die date of signing die Finii nciftl stiilciiienls. For tl]is reason iliL fitiaiiciil Si¢iieiiienis liaile beeii prcpftred on a goiiig coticenj basis ivl]icli pi'esiiine the rc21isation uf assets and liabih'ues m tlie iiormal course of busines%. 2.3 Income All income is recognised once tlie I"rust l)as entidemuit ro die incoine, it is probable d)at tlie incoiiie vill be receiiFcd And die Amount of incoiiie receiiTable can be measiiicd rchabl}'. Inircstinent income is included ivl)en receivable. Incoine tax recoverable in relation to investmenr income is recogllised At die tiine die llllTestmeiit incoine is receivable 2.4 Expendittire Expeiiditurc is recognised once tliere Is a legal or constructii'e obligAtioii to transfer ecoiioniic bci)Lfit to a third part),, it is probAble tlIAt a traiisfer of ecoiiomkc benefits ivill bc icquircd in settleinent 41nd die ainoiint of die obligation can be measured reli2bl),. E%peiiditure is clAssified b}T RcUI'it)'. Tlic co%t% of each actiiti()' are inade up of die total of direct costs And 51iared costs. iticludiiig supporr costs ini'olired in uiidert2kn.ng each actiTrtjtti Direct costs Attsibutable to a single 2cuiFIl)T Irc allocated diircd), to diat ctsvÉts'. Sliarcd costs ivlllcli contribute to more tlian one 2ctii'fit)' aiid support costg iv115cli Al'e not atinbutable to a single acui'in. 1¢ re apporuoned beThi'ecii rliose actii'ities oIi a basis coiisistciit ivitli tlie Use of re5011rccs. Central stalf costs Rie allocated on tlie basis ol titnc spcnt. Aiid dLPLLC11tiun Llii1ige8 Iloc2tL'cl oil tlic portioii of tl)e aSbei'% use. Goi'ernAIICL Costs iiicliide iliosL Costs Rs%ocjaied iiritli iiieetiiig tlie coiisututiuiixl aiid statutoJ' rcguircmciits of tl)e trust. Pe0 8
Vlsually Impaired's Former Residents Trust Notes to the financial statements For the year ended 5 April 2023 Accountlng poll¢l¢s Icontinugd) 2.4 Expenditiire (coiitinued) All eNpcndIre is inclusive of irrecoi'erable VAT. 2.5 Investments Filed asset iniiesunents are a fonn of financial instrument Rnd are iniuall}' rLCOgIii.8ed ai tlieii transactson cost and subsequentl)I measured at lair i'21ue at the Balance slieet date, uiile.gs tlie iyaliie CAiinc)t be Ineasured rekn2bl!' iii Ivlucli case it is ineA5ured at cnst less itnpAii'inenl. liii'LStmenl gAillb aiid losses, Ivlieilier reAlised or uiueAlised, are conibiiied Aiid preseiited as 'G8iiis/(L ) on iiiire5tiiient5' osses in ilie Sr¢lteinciii of fitiaiici21 Rctll'illLS. 2.6 Cash ai bank and in hand C2s1) At bank and in liand include5 casli and short-tern] liiglil), hqiiid iiivestinetits iiiitli A short iiiattiri4' of tliree mont115 or Icss Iroin il)c datc of acquisitioii or opciiing ol tlic dci)usit oi. siii]iIAr accoiiiit. 2.7 Liabilities and provisions Liabilities ate recognised ivl)en tl)ere is an obligation at tlie Balance slieet date a result ol a PASt eveiit, it is piob2ble IhRt a ETrnsfer of economic benefit ivill be tequired in settleinent, ai)d tlie Hinount OF tlie settlement can be estiirjated reliably. Liabihties are recognised at tlie amount rliat tlie Trust anucipates it ivill pai, to Settle the debt oi t))e amount it hA5 tcccivcd as advanced pa)Iments for tlie goods or sen7ices ir tnust proiiide. Proirisions are measured at tlie best estsirjate of tlie amounts reqwred to setde tlie obh'g&qtsoii. IIKliere t]ie effecr of tlie lline ipalue ol mone), is mAterial. die proiyision 15 bascd on il)c prc%Lnt i'aliie ()f tliD%e amounts, discounted at tl)e pre-tA.K discount rAte tliat reflects tlie riks specifLC to tlic b'abftht),. Tlie univinding of die discount is recogni5ed iii tlie Stateincnt ol fmancial Actii'ities as a fJiiance cost. 2.8 Fiiiid accoiintii)g Gciieral funds Arc iinrestiicted fuiids ivliicli 2rL' 2iiailablc for usc al tlie discreuoti of tlie Trustee in Furtlieiaiice ol tlie general objcctllTes ol tlle Trust and ivlucli liai'e i)oi beeti designA(ed foi odicr pu4)osLs. Rcstricted futids are funds ivliicli Are 10 be used in Accordancc lilitli $1)ccific Icsiricuon5 illll)i)sed bj. donors or ivliicli liai'c becn r2ised bs, tjie Trnst fc)r pariicular purposcs. 'Ilie cosrs of iaisiiig q& Iiil dinini5tering siicli fiinclg Are c_111r8e.cl 2g?Inst tl)e %i)e.c.Ifir. fiind. "Ilie Aiiii aiid ugc ()f cacl) rcstrictecl fund is set out in tlie notes to tlic financi%1 statcincnis. P¥*. 9
Vlsually Impaired's Former Resldents Trust Notes to the financial statements For the year ended S April 2023 Accountlng pollcles (conlinued) Crltical accountlng estlmates and areas of judgement Estimate5 and judgements are required ivlien %LppI)pm8 accoullui)8 policies_ Tl)ese are coiititiu?11)p eiyAliiaied and are bascd on historicAI cxpcrience and other 12Ctors, includiEig expectations of future eiwcnts diat ale be]teved to be rea50nible under tlie circumstances. Tlie trust tnAkes e5ti1nates And assuinptions conceming the future, Ivhicli can iillTolirc a Iiigli degree of judgenicnt or complcyity. Tl)e rcsulting accounting estimatC5 Ivill, b), dcfinitioi), seldom equal the relAtecl actual results. Tlie esUJn8tes and assuirAptions tliat IiiiTe SL significant risk of cau5Ang a iiiateiial adju5tinent to die carryTiiig ajnounts of assets and liabilities ividiin the next finaiicial )pear are addressed beluiv.. Fait valiie of investments Uses vllrious iraluation tcclJni9UC5 to dctcrinine the Fair i'aluc ol finaiicial instn]ii)eiits (Ivlieie P4Ctii'e malket quotes ftre not avadable) and non_finanoal assets. involiies d'eloPIng esuinatcs qnd 2sSUIIIPii0115 consistent ividi lioiv market participAnis ivould price tlic instruinent. Tlic trustcc bascs its assuinptioiis on obsetvable data a5 Ear as possible but tliis is not aliva}Fs aiFailable. In tliat cAsc, management uses die best inforinauon ai'ailable. E5tiinated FAir ipalucs mA)r irar). Irom the actual prices diat ivoiild be AcliieitLd iii an arin's leiigtli ir?n5acUon 2t die iepoitiiig date. Investment Income Restricted funds 2023 Total fiinds 2023 Listed inirestments Interest received 887 887 38 38 Totg412023 925 925 Restricted funds 2022 Total funds 2022 Interest ieceived .1 otal 2022 Page10
Vlsually Impaired's Former Resldents Trust Notes to the financial statements For the year ended 5 April 2023 Analysls of expendltuyo on charilable activities Siimmary by fiind type Restricted fiiiids 2023 Total 2023 Di.5burseinents to beneficiar). Ini'estinent L'xpenses Legal and professional fees 676 676 2.704 1,800 2,704 1,800 Total 2023 5,1110 5,180 Restricted lunds 2022 Total 2022 Di5burseineAits to beneficiar), Investmcnt cxpcnscs 117 117 452 452 'rotal 2022 i69 569 Independent examlner's remuneration 2023 2022 Fees p2112ble to tlie Triist's indcpcndent c.iaininer lor tlic indcpcndent ekainination of die I rust's annuAI accounts 1,800 Trustoe's remunorationi expenses and staff costs During the )iear, no Trustees received An), remuneration (2022 _ £NII.)- During die )pear, iio Trustees received An), bciiefils in kitid (2022 _ LNIL). Duriiig tlie Yer, no Trustees received an), reimburseinent of expenses (2022 LNII.). As detailcd in Note 10. die Tru5tee5 receiiTed no rcmunctarioii for sciiwices reiidered to tlie Trust iti tlie cuIrent )Tear.
Visually Impalred's Former Restdents Trust Notes to the financial statements For the year ended 5 April 2023 Flxed asset Investmenls Listed investmei)ts Cost ot valiiation At 6 April 2022 Additions Disposals Revaluations 266,524 46,346 (48,773) (6,169) At 5 Apnl 2023 257,928 Net book valiie At 5 ilpril 2023 257,928 Ilt 5 April 2022 266,i24 Creditors: Amounls falling due within one year 2023 2022 ccruals 2nd deFerrcd incoine 1,800
Visually Impalred's Former Residents Trust Notes to the financial statements For the year ended S April 2023 10. Statement of funds Statement of funds . current year Balance at 6 April 2022 Gains/ Balance at 5 (Losse8) Ai)ril 2023 Income Expei)ditiire Restricted funds Restricled Fund5 - all lunds 268,340 925 (5,180) (6,169) 257,916 Statement of funds . prlor year BAl2nce at l ilpril 2021 Balance Incoine Expcnditure 5 Aiiiil 2022 Restricted fiinds Restricted Funds - all funds 268,908 (569) 268,340
Vlsually Impalred's Former Residents Trust Notes to the financial statements For the year ended 6 April 2023 11. Analy5i8 of net assets belwo•n funds Analysis of net assets between funds - current year RestriLted fiii)ds 2023 Ti)tal fiinds 2023 Flxed Asset investments 257.928 1,788 (1,800) 257,928 1,788 (1,800) CurKent assets Cieditors due ivid]in oi)c }rar Total 257,916 257,916 Analysls of net assot5 betweon funds - prior year Restricted fiiiids 2022 Total fiinds 2022 Filed asset investments 266,524 1,816 266,524 1,816 Currciit Assets 268,340 268,340 12. Related party transactlons During tlie siear to 5 rlpril 2023, fees of £Nil (2022= £NID ivere incurred io Cleaver Fulton Rankin solicitois. Cleaver Fulton Ilaiikin I'wstees Liinitcd is rlic sole corporat£. trusiee of dic u'u%t. Paoe Id