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REGISTERED COMPANY NUMBER: 07575651 (England and Wales)
REGISTERED CHARITY NUMBER: 1142574














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Portsmouth Association For The Blind

Portsmouth Association For The Blind






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

Portsmouth Association For The Blind (Registered number: 07575651)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

ACHIEVEMENT AND PERFORMANCE
Achievements and performance

The work of the Charity continues. Many of our members are older and live in their own home or sheltered accommodation often alone, some have family which they can turn to for support but a lot do not.

The members that attend our groups during the week look forward to it, as for some it may be the only interaction they have with other people.

The clubs within the Charity continue to grow and are well attended, ranging from Monday singing, bingo on a Tuesday to home cooked lunch clubs on Wednesdays & Thursdays, we also have various outings during the year. All groups hold their own financially.

We are very fortunate to run our own mini bus enabling our members to attend and not having to rely on public transport, it is a very much appreciated service by our members who attend groups. Once again the running of the minibus holds its own financially.

The Charity runs on one paid member of staff and volunteers which are very dedicated and we are very grateful to all of our volunteers who work extremely hard throughout the year.

The Charity continues to benefit from legacies and in memoriam donations which are gratefully received. Our pot collections continue and are a good source of income and awareness for the Charity.

This year, we lost our Vice Chairman, whom had been with the Charity over 22 years on a volunteering capacity, he will be greatly missed.

Recruitment will take place after Christmas for a Vice Chair and Trustees. We look forward to 2023.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07575651 (England and Wales)

Registered Charity number
1142574

Registered office
283 St Saviours Church
"The Hayes Centre", Twyford Avenue
Stamshaw
Portsmouth
Hampshire
PO2 8PD

Portsmouth Association For The Blind (Registered number: 07575651)

Report of the Trustees
for the Year Ended 31 March 2023

Trustees
P E Dolley None
B C Pike None
Mrs I Smith None
P Wanley Retired

Company Secretary
Miss C M Bill

Independent Examiner
Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Approved by order of the board of trustees on 22 November 2023 and signed on its behalf by:





Mrs I Smith - Trustee

Independent Examiner's Report to the Trustees of
Portsmouth Association For The Blind

Independent examiner's report to the trustees of Portsmouth Association For The Blind ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Barter Durgan

Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

22 November 2023

Portsmouth Association For The Blind

Statement of Financial Activities
for the Year Ended 31 March 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 13,108 43,171

Investment income 2 315 332
Other income (8,460 ) 51,453
Total 4,963 94,956

EXPENDITURE ON
Raising funds 3 50,735 50,646


NET INCOME/(EXPENDITURE) (45,772 ) 44,310


RECONCILIATION OF FUNDS
Total funds brought forward 394,810 350,500

TOTAL FUNDS CARRIED FORWARD 349,038 394,810

Portsmouth Association For The Blind (Registered number: 07575651)

Balance Sheet
31 March 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 1,486 1,751
Investments 9 315,414 353,874
316,900 355,625

CURRENT ASSETS
Debtors 10 332 402
Cash at bank and in hand 29,853 40,073
30,185 40,475

CREDITORS
Amounts falling due within one year 11 1,953 (1,290 )

NET CURRENT ASSETS 32,138 39,185

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,038

394,810

NET ASSETS 349,038 394,810
FUNDS 12
Unrestricted funds 349,038 394,810
TOTAL FUNDS 349,038 394,810

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Portsmouth Association For The Blind (Registered number: 07575651)

Balance Sheet - continued
31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 22 November 2023 and were signed on its behalf by:





I Smith - Trustee

Portsmouth Association For The Blind

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
2023 2022
£    £   
Other fixed asset invest - FII 315 332


Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Postage and stationery 390 -
Depreciation 265 330
Support costs - 50,316
655 50,646

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 265 340
(Deficit)/surplus on disposal of fixed assets 8,460 (51,453 )

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Secretary 1 1
Administration and social centre 1 1
2 2

No employees received emoluments in excess of £60,000.


Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 43,171

Investment income 332
Other income 51,453
Total 94,956

EXPENDITURE ON
Raising funds 50,646


NET INCOME 44,310


RECONCILIATION OF FUNDS
Total funds brought forward 350,500

TOTAL FUNDS CARRIED FORWARD 394,810

8. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 and 31 March 2023 2,183 13,308 15,491
DEPRECIATION
At 1 April 2022 1,112 12,628 13,740
Charge for year 107 158 265
At 31 March 2023 1,219 12,786 14,005
NET BOOK VALUE
At 31 March 2023 964 522 1,486
At 31 March 2022 1,071 680 1,751


Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 April 2022 353,874
Disposals (30,000 )
Revaluations (8,460 )
At 31 March 2023 315,414
NET BOOK VALUE
At 31 March 2023 315,414
At 31 March 2022 353,874

There were no investment assets outside the UK.

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2022 (26,484 )
Valuation in 2022 47,937
21,453

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
LISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 353,874
Disposals (30,000 )
Revaluations (8,460 )
315,414

CLIENT SCREEN TOTAL = -



Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 332 402

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) (1 )
Social security and other taxes (2,198 ) 1,165
Other creditors 126 126
Accruals and deferred income 120 -
(1,953 ) 1,290

12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 394,810 (45,772 ) 349,038

TOTAL FUNDS 394,810 (45,772 ) 349,038

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,963 (50,735 ) (45,772 )

TOTAL FUNDS 4,963 (50,735 ) (45,772 )


Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 350,500 44,310 394,810

TOTAL FUNDS 350,500 44,310 394,810

Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 94,956 (50,646 ) 44,310

TOTAL FUNDS 94,956 (50,646 ) 44,310

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 350,500 (1,462 ) 349,038

TOTAL FUNDS 350,500 (1,462 ) 349,038

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 99,919 (101,381 ) (1,462 )

TOTAL FUNDS 99,919 (101,381 ) (1,462 )


Portsmouth Association For The Blind

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.