Rnib group annual report and financial statements 2012/13
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- 3. Net income from trading activities of subsidiary undertakings
2. Investment income
Details of our investment policy can be found in the financial review section of the Trustees Report. 3. Net income from trading activities of subsidiary undertakingsA summary of the results for the year ended 31 March 2013 of the subsidiaries of RNIB operating under association agreements follows:
A summary of the net assets as at 31 March 2013 of the subsidiaries of RNIB operating under association agreements follows:
Action delivers regional services in England through their Action Teams, grant funded by RNIB. Action also delivers services in the areas of work, leisure, housing, support for beneficiaries, and information and education. RNIB provides the fundraising service, with net fundraising receipts being restricted for Action. Further, RNIB has provided funding to deal with the structural deficits of Action but this funding ceased at the year end. The sum of such grants amounted to £11,499,000 in the year (2012: £12,485,000). CVV provides a wide range of services to blind and partially sighted people within Cardiff and the Vale of Glamorgan. RNIB has paid a grant to CVV in the year amounting to £342,000 (2012: £150,000). NTNM provides newspapers, magazines and information in accessible formats for people with sight problems and also people with other disabilities. RNIB provides operational funding and the fundraising service, with net fundraising receipts being restricted for NTNM. The results for NTNM are Group figures and include the results of its wholly owned subsidiary Talking Newspapers Enterprises Limited. RNIB has paid a grant to NTNM in the year amounting to £460,000 (2012: £450,000). NTNM has merged with RNIB on 30 June 2013. RNIB also has five wholly owned subsidiaries. These are RNIB Enterprises Limited, RNIB Services Limited, National Library for the Blind, Blind Centre for Northern Ireland and the Glynn Vivian Home of Rest for the Blind (Glynn Vivian). A summary of the results for the year ended 31 March 2013 of the subsidiaries of RNIB follows:
A summary of the net assets as at 31 March 2013 of the subsidiaries of RNIB follows:
RNIB Enterprises Limited The trading activities include commercial sponsorship and a scheme for the recycling of toner cartridges, with the consent of RNIB. A £200,000 facility remains available to RNIB Enterprises and if called upon would be made by RNIB to cover the working capital requirements. RNIB Services Limited administers RNIB’s school fees. National Library for the Blind (NLB) exists as a shell charity to receive donations and legacies, which are transferred to RNIB to be ring-fenced for the RNIB National Library Service. Blind Centre for Northern Ireland (BCNI) exists as a shell charity to receive donations and legacies, which are transferred to RNIB to be ring-fenced for RNIB Northern Ireland. Glynn Vivian exists as a shell charity following the sale of the property previously owned by Glynn Vivian. RNIB is the sole corporate trustee and on the grounds of control Glynn Vivian has been consolidated within the financial statements of the RNIB Group. A summary of the results for the year ended 31 March 2013 of all RNIB subsidiaries follows:
A summary of the net assets as at 31 March 2013 of all RNIB subsidiaries follows:
The total net assets of the associated charities as at 31 March 2013 amounting to £21,743,000 (2012: £21,493,000) are held within the Group restricted and endowment funds as detailed in note 19. Directory: sites -> default -> files files -> Answer True False 2 points Question 2 files -> Northern England’s set-jetting locations files -> Nstructions for Acquiring Excess Equipment online, through the 1033 Program files -> Occupational health and safety files -> The Black Panther Party’s Ten Point Program files -> International programs roel profile files -> Fermi Questions a guide for Teachers, Students, and Event Supervisors Lloyd Abrams, Ph. D. DuPont Company, cr&D/ccas experimental Station Wilmington, de 19880 files -> Personal Information Name: Maha Al-Ammari Nationality: Saudi Relationship Status Download 1.49 Mb. Share with your friends:
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