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 lininco￿orlted 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.
Pe￿0 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 eNpcndI￿re 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 ri￿ks 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 Ye￿r, 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