Helping people find their lives again - RNIB

More documents

Recommendations

Info

Consolidated cashflow statement for the year ended 31 March 2009 (continued) 2009 £’000 2008 (Restated) £’000 Notes to the cashflow statement Reconciliation of changes in resources to net cash inflow from operating activities Net incoming resources before transfers (9,071) (1,362) Investment income (2,225) (2,862) Depreciation 2,393 2,864 Fee Rebate non cash transaction 84 88 Costs on disposal of investment property added to loss on disposal (28) (3) Loss on disposal of tangible fixed assets 1,046 2,132 (Decrease) increase in current creditors (1,396) 2,848 (Decrease) in long term creditors (10) (10) Decrease in pension provision (1,813) (1,581) Interest charged on finance lease payments 98 181 (Increase) decrease in debtors (570) 1,599 (Increase) decrease in stock (251) (301) Net cash (outflow) inflow from operating activities (11,743) 3,593 Analysis of change in net funds 31 March 2007 £’000 Cashflow 2008 £’000 31 March 2008 £’000 Cashflow 2009 £’000 31 March 2009 £’000 Cash at bank 2,564 (1,355) 1,209 (887) 322 Bank overdraft (220) (807) (1,027) 163 (864) Total Cash 2,344 (2,162) 182 (724) (542) Debt due within 1 year (1,112) (12) (1,124) 295 (829) Debt due after 1 year (2,719) 1,124 (1,595) (2,356) (3,951) Total change in net funds (1,487) (1,050) (2,537) (2,785) (5,322) 38 RNIB annual report and accounts 2008/09
Notes to the consolidated financial statements for the year ended 31 March 2009 1. Statement of accounting policies The principal accounting policies adopted in the preparation of these financial statements are as follows: 1.1 Basis of accounting The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments, in accordance with applicable accounting standards in the United Kingdom and the Statement of Recommended Practice – “Accounting and Reporting by Charities” (SORP 2005) as revised in March 2005, and the Charities Act 1993. The results of each of RNIB’s wholly owned subsidiary undertakings, as listed in note 2, have been incorporated in these consolidated financial statements under the heading “Group” on a line-by-line basis. No separate Statement of Financial Activities (SOFA) has been presented for the Charity alone as permitted by paragraph 397 of the SORP. 1.2 Foreign currency transactions Foreign currency transactions completed within the year are included at their transacted sterling equivalents. Assets and liabilities are valued using those rates published by HM Revenue & Customs as at the balance sheet date. 1.3 Fund accounting Unrestricted funds comprise accumulated surpluses and deficits on general funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Designated funds are unrestricted funds that the trustees of the Charity have set aside, out of general funds and comprise sums of money for specific projects of a developmental nature. Also within the designated funds are ‘service properties’ and ‘other fixed assets’. ‘Service properties’ represents the value of RNIB’s interests in land and buildings, in use, for the provision of services to people with sight problems. This value is shown in a separate designated fund, as the properties represented are essential for the provision of RNIB’s services. Transfers in respect of additions to property in the year are made from the general fund and the development fund. Transfers are made from this fund to the general fund in respect of property disposals during the year. Property depreciation is charged to this fund. ‘Other fixed assets’ represents other assets in use by RNIB. Restricted funds comprise income received with special conditions attached. Income for a specific purpose not spent in any year is carried forward in the relevant fund. Endowments received are credited directly to the relevant endowment fund. Income arising from the related investments is allocated to the general fund or to the relevant restricted fund, depending on the terms of endowment. 1.4 Incoming resources Donated goods and services are included at the value to the charity where these can be quantified. No amounts are included in these financial statements for the services donated Financial statements for the year ended 31 March 2009 39
Page 1 and 2: Helping people find their lives aga
Page 3 and 4: Contents This Trustees’ report an
Page 5 and 6: Structure and objectives Our legal
Page 7 and 8: Achieving our mission Operating acr
Page 9 and 10: Who’s who in RNIB Patron HM The Q
Page 11 and 12: Assembly members The Board is suppo
Page 13 and 14: A fantastic victory There are 26,00
Page 15 and 16: Money money money - the Disability
Page 17 and 18: Focus on books Only five per cent o
Page 19 and 20: Timely support This year we have in
Page 21 and 22: At the heart of RNIB Blind and part
Page 23 and 24: ► produced braille and more brail
Page 25 and 26: y £6.8million as opposed to a fall
Page 27 and 28: liability does not result in an imm
Page 29 and 30: fast enough. RNIB will work to save
Page 31 and 32: More people to shop independently a
Page 33 and 34: consistent with those financial sta
Page 35 and 36: Restricted funds £’000 Developme
Page 37 and 38: Restricted funds Development Unrest
Page 39: Consolidated cashflow statement for
Page 43 and 44: Depreciation is not provided on ser
Page 45 and 46: 2. Net income from trading activiti
Page 47 and 48: 3. Total resources expended (contin
Page 49 and 50: 4. Tangible fixed assets - group an
Page 51 and 52: 5. Group fixed asset investments (c
Page 53 and 54: 5. Group fixed asset investments (c
Page 55 and 56: 7. Restricted funds The funds of th
Page 57 and 58: 8. Development funds 31March 2008
Page 59 and 60: Unrestricted funds Development £
Page 61 and 62: 11. Employee remuneration (continue
Page 63 and 64: 15. Stocks Group Charity 2009 2008
Page 65 and 66: 18. Creditors due after more than o
Page 67 and 68: 19. Pension costs (continued) The a
Page 69 and 70: 19. Pension costs (continued) Chang
Page 71 and 72: 19. Pension costs (continued) Histo
Page 73 and 74: 21. Grants receivable During the ye
Page 75 and 76: Supported by RNIB acknowledges supp

Helping people find their lives again - RNIB

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?