Charity registration number 1009955 Company registratlon number 02698040 {England and Wales) THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE BLACKPOOL FYLDE AND WfRE SOCIETY FOR THE BLIND TIA N-VISION LEGAL AND ADMINISTRATIVE INFORMATION Patron G Naylor MB ChB. FRCS(ED>. FRCOPHTH Trustees Joy Killip Pat Lord Joseph Bannister Beverley Garrity Michael Steel David Watt T8ry Wright Chair Joseph Bannister Vice Chair Beverley Garrty Chief Executive and Company Secretary Charity number Maria Kirkland 1009955 Soclal landlord number L4005 Company number 02698040 Principal address and Reglstered Office Bosworth Place Squires Gale Blackpool Lancashire FY4 1SH Auditor Champion Accountants LLP Untt 2. Olympic Court Boardrnans Way Whitehills Business Park Blackpool Lancashire FY4 5GU FY4 5GU Bankers HSBC Bank Pl 1 Newhouse Road Oxford Square Blackpool Lancashire FY4 4YH THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION LEGAL AND ADMINISTRATIVE INFORMATION Bardays Bank PIC 1 Birley Street Blackpool Lancashire FY11DX Solicitors Wi150ns Solicitors Alexandra House St Johns Street Salisbury SP12SB THE BLACKPOOL FYLDEAND VVYRE SOCIETY FOR THE BLIND TIA N-VISION CONTENTS Page Tnjslees, report 1-13 Statemenl of Trustees, responsibilities 14 Independent auditols report 15-18 Statement of financial activities 19 Balance sheet 20 Statement of cash flows 21 Notes to the financial statements 22-40 THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION WELCOME Welcome to our Annual Report 2023124. Well it has been a busy and productive year in which all staff have contributed to a very successfijl and progresstve 12 month period. We have faced a number of challenges throughout the year but it has been our passion and commitment lo Ihe charity which has got us through. Working within the charity sector can be challenging and unpredictable in its demands and we have worked logether to be responsive as "one collective" in order lo continue to meet the needs of our residents. dients, beneficiaries and stakeholders. The charity has been on a joumey through Ihe last year and overcome many barriers and challenges along the way. The welfare and morale of our staff members have been our priority and we look fomard to celebraling our Investors in People re-accredilalion in our next financial year. We have been awarded a 'Good' rating from CQC for our lovely Princess Alexandra Care Home and which is testament to the talent, expertise and passion of our staff and management team. We have progressed digitally as a charity with the development of our new website, ongoing embedding of the Nourish System, our electronic care platfom and have implemented Xero as our new Ac¢ountancy System into our finance and accounting practices. On behalf of the Organisalion, we Convey our sincere thanks to our Trustees and Members who have left office during the year and welcome new Trustees to the Board who will contribute their experience, skills and knowledge In support of N-vision. We will support the charily in becoming more sustainable, financially sound and inclusive in the future. We also take this opportunity to express our sincere gratitude to all the staff, volunteers and partners who, throughout the last year. continued to demonslrate exc£plional resilience and commitment in SLtpporting local blind and visually impaired people and an outstanding contribution to the work of N-vision. Joseph Bannister Chair, Board of Trustees aria Kirkland Chief Executive THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annu21 report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting poliLyes set out in note 3 to the financial statements and comply with the chartly's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing Iheir accounts in accordan￿ wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019) and The Housing SORP 2018. Purpose To support people living with sight loss and enhance Iheir quality of life, empower them to fulfil thelr potenlial and aspiralions and promote their health and wdlbeing. Objeetlves and actNities The objects of the Charity as defined in the Memorandum and Articles of Associalion are:. (1) The relief of bllnd and vlsually impaired people in Blackpool, Fylde and Wyre districts of Lancashire or outside of it, by the provision of accommodation, care and support setmces. {2) The relief of people in need by reason of age, ill-health, disability or other disadvantage in Blackpool, Fylde and Wre districts of Lancashire or outside of il, by the provision of accommodation, care and support services. {3) For the public benefit to raise awareness of blindness and visual impaim)enl through the provision of advice and information. N-vision aims lo be characlerised by integrity and faimess, and will act In an open and honest way at all tlmes. The established core services fully reflect the purpose and aims. N-vision constantly engages with service users, carers, staff, volunteers, partners and other stakeholders in order to inform and improve service prowsion wherever and whenever possible, within the constraints of available resources. In addition, the Truslees refer to the Charity Commission's general guidance on public benefit when producing the Charity's Strategic Priorities. The main activities during the last year delivered a range of high quality semces and was specifically achieved by.. Providing profession31 care and stimulating actiwties, in a safe and C￿Mfortable environment for the residenls of the Princess Alexandra Home. Providing a range of qualty, responsive services and support to clients, carers and professionals in Ihe comTnunily. Workyng in partnership with other agencies to provtde the widest range of services lo meet the needs of our client group. ContribLrte to and influence the development and implementation of nalional and local strategy. N-vision is Ihe major independent, char'rtable proirider of serwces and actiVFties for visually impaired people across the Blackpool, Fylde and Wyre areas. 71 staff, plus over 200 volunteerJ support approximately 2,700 clients, and their carers living in the catchment area, the majority of who are over 65 years of age. THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT {CONTINUEDJ(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Purpose and Values Purpose." To support people wtth sight loss, enhancAng their quality of life by empowering them to fulfil their polenlial and aspirations and promote their health and wellbeing,. Our Purpose is supported by our Values.. Our culture and the way we work is critical to our success and achieving organisalional excellence. Our Sbx Core Values guide and influence all our work and are the enduring foundation of our cullure. People Focussed: To provide limely and perSOn￿nIred care and support to our dients and their carersl families. Expert: To lead the way through our knowledge and expertise to provide the best possible standards of seNices and support. Responsive: To drive and be equipped to respond lo the changes and challenges faced by our clients and the organisalion, Influential: To represent the needs of visually impaired people and influence serviG8 planning and provision. Genulne: To build and maintain open and honest relationships through effective communicalion and partnerships, Collaboratlve: To work in partnership with our dienls, Colleagues and communities to achieve our vision and values. We hold ourselves to account and expect others to do 80 against our Values. Achlevements and Perfomian¢e N-vision continued lo provide services and support to local blind and visually impaired people during the last twelve months, with many significant achievements to share and ￿lebrate. Care Services The Princess Alexandra Home The Home provides accredited, high quality, residential accommodation, respite and day care in a safe and comfortable environment for up to 40 clients. There are also 6 fiats for residents who wish to live more independently but still benefft from a secure environment where assistance is readily available when needed. The Home offers speaali5t care for visually impaired people. however. the accommodation is available to all.13 pemianenl residents were admitted and 339 nights of respite care were provided during 2023124. The contract with Blackpool Counal for the provision of respite care beds for adults with mild lo moderate learning disabilities remains at 1 bed. A total of 139 nights of respite care was prowded. We continue to provide pemianent care for 9 adults with leaming disabilities. Managers allend Blackpool Council Residential Providers forum quarterfy with the Director of Adull services. Registered Managers Ne￿Ork meetings hosled by Blackpool Council also take place quarterly. Residents enjoy and benefit from a wide choice of aciivities in the home including= qui2zes, dominoes, musical entertainment, art sessions. chair exercises. and Ihe Growing lor Life gardening project. A part lime activities co- ordinalor consults residents aboul their preferred activities and aims to accommodate somelhing for everyone. The staff constantly slrtve to Introdu￿ new ideas. Significant events were also celebraled-, Christmas. New Year. Easter. Halloween Birthdays and variou5 themed days such as Chinese I Italian and appropriate entertainment and calering is prowded on such occasions. A coronation party was held in June for all of Ihe residents and the home was decorated for the occasion. A wide range of activities took place over Ihe Xmas and New Year period wilh entertainment from community groups. A photograph 'gallery' recording these evenls is displayed in the Home. THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 In April 2023 8 large interactive table was purchased which can be used to play games, access you tube videos, face time calls and show sensory calming images. It has be￿rne a regular feature to accEss reminiscence information during the coffee morning activity. Partnership working with the Community Care Co-ordination Team and the New Model of Care initiative continues with the aim of reducing pressure on GPS and preventing admissions to hospitals. A monthly ward round also takes place with a doctor from the local surgery allowing more continuity in relation to medical issues. The Home continues to use the digital SO¢ial care planning system 'nourish° to record all care activity for residents. This is an evolving project thal allows for much more a¢¢urate and detailed information to be r8corded. The End-of-Life Care Training pilol "WAVE. was compleled in June 2023 and we conlinue to Include the knowledge gained in our daily work. Qualily standard accreditations were successfully retained during the year. CQC carried oul an unannounced inspection in January 2024. The inspection focused on the areas of °well led and safe.. The inspe¢lion last one day within the home and a further days with the inspector having access to the digital care notes to scrutinise the entries lrisk assessments elc. The outcome was raled as overall "Good. Ima e below Shov￿ our Good Ratln C8lebration and 40 Years SeNice Badge for Llsa Beaton Image shows Aghleigh stood In front of our main purpose and values The ISO 9001'.2015 was re-assessed for the Ihree-year accreditation in May 2023 and was successful with no significant issues identified. The systems and procedures estsblished to meet these rigorous accreditations are continuously completed and reviewed and infomi monitoring and reporting processes. THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 ~EXIELLEN(E WItNETWORK INVESTOR IN PEOPLE Caregivers at Horne The Caregivers al Home client numbers continue to increase year on year. A lolal of 163 Glients purchased a lolal of 10,037 domestic hours during 2023124. The gardening service had approximately 45 clients purchasing 823hrs of work. This flexible, needs led service supports cjients lo continue living independently in their own homes. Following an assessmenl by the ￿ordIna10r, individual requirements are discussed, identified and agreed. Staff undertake a variely of tasks including., deaning. laundry. shopping, gardening, Corresponden￿ and community support for adults with leaTning disabililies. The semce is also valued by relatives and carers by providing regular conlact wtth their family member. Communlty Servlces Low Vlslon Centre The purpose of the Low Vision Centr6 is to promote, encourage and provide support for clients to achieve independent living. There are 2,789 visually impaired people currently recorded on the database, who live in Blackpool, Fylde and Wre. From 1s1 April 2023 10 31st March 2024, 216 clients ceased contact, for various reasons and 216 new referrals were received. The majority of new clients were referred from the Bla¢kpool Teaching Hospilals Trust through Ihe Eye Clinic Liaison Officer. The other sources of referrals are diversè and include.. the Stroke Association, Blackpool Victoria Hospital Slroke Discharge Unit, Health and Wellb8ing Officers, Health Practitioners, GP'S Social Prescribers and local Oplicians. 1751 people accessed the Centre during the year and do so for many reasons; whether to seek advice, information and emotional support or to lake advantage of extensive range of equipment available to aid independent living. 653 of these Clients were Blackpool residents, 1098 Fykle and Wre, and 14 were from out of the area. Low Vislon Support Workers The two, trained Low Vision Support Workers a￿ funded by Ihe Blackpool and the Fylde and Wyre Clinical Commissioning Groups and independent sources. They administer referrals from the Vl¢loria Hospilal Eye Clinic, local Oplometrists and GP'S. As part of the Low Vision Rehabilitation Pathway. the Support Workers provide one lo one emotional, practical and rehabililalion support for new clients, usually following a recent diagnosis or treatment of serious eye conditions. The Support Workers assess clienys funct£onal vision and issue appropriate vtsual aids, including hand-held magnifiers and anti-glare glasses. Clients are also refe￿ed on to other N Vision intemal and extèmal services. Low Vision Scheme The aims of the Low Vision Scheme are lo provide visual aids to dients living wilh sighl loss, improve eye health, help eliminate avoidable sight loss and to reduce the demand upon the Eye Clinic at Victoria Hospital, Blackpool, Contracts with the Blackpool and the Fylde and Wre Clinical Commissioning Groups conlinued and the Low Vision Support Workers promded 611 Low Vision Assessments, both at the Low Vision Centre and in the community. Following assessment. clients are issued with an appropriate magntfier and other vision aids, free of charge as part of the NHS scherne. Client numbers increased during the year due to demand and new referrals. THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Eye Clinic Liaison Officer The Eye Clinic Liaison Officer (ECLO) is funded by the Blackpool and the Fylde and Wre Clinical Commissioning Groups. Based at Victoria Hospital, Ophthalmology Clinic the ECLO is an integral part and highly regarded member of the hospital team playing a vital role in advising, informing and referring patients, at the point of diagnosls, to the Low Vision Centre and the range of support and services offered. During the year 1377 patients were supported by the ECLO IhroLJgh face to face or telephone contacl. The ECLO also attends various committees and meetings within the hospital e.g. Ophlhalmic Directorate, Patient and Carer Experience and Involvement Committee and Equalily and Inclusion Implemenlalion Group, thus ensuring that the needs of patients with visual impairmenls are represented and providing advice on the various methods available lor effective communication. Assistive Technology Clients are all invlted to the Low Vision Centre based al the N-vision sile. lo look at our assistive technology devices and explore a range of technology lo suit their needs. N-vision works with a range of suppliers who will visit cllents al home and show them various pieces of equipment. The Annual Exhibition look place as part of National Eye HeaSth Week with over 50 dients. family and carers attending. Image below shows Brian glvlng Bailey a Low Wision Assessment In the Low Ifision Centre Community Activitles Community Engagement We have continued to deliver community engagement adivilies both on sile and in the community. We have two staff members who have delivered a range of activities and including., Boccia, Walking, Dancing, Chair Yoga, Craft Groups, Theatre Trips and Ten Pin Bowling. Outreach Visits Outreach visits had resumed during the year, provided by one of the Low Vision Support Workers. The demand for this setvice increased as some clients had become less confident at getting out and about and felt isolated within their own homes. The service enabled them to gain access to a range of visual aids to support Ihem with their sight loss. 448 outreach visits were conducted with a further 334 external refe￿alS to the local authorities Rehabilttation Officers for the Visually Impaired, Department for Work and Pensions, and various other charilies. THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Befriending Service The Eric Wright Charitable Foundation have CA)ntinued to fund our Befriending Seryic£ for another year wth two staff membeTS now being employed on a Part-time basis. In this year Ihey have almost doubled Iheir Gonlacl with dients having made 477 contacts with over 50 clients and 9 volunteers making 81 contacts. Image below shows Jo Jackson and one of our cllents on our Befriending Service Café Clubs Café Clubs have remained as popular as ever with six monthly clubs belng run by one member of staff in the communities of., Blackpool, Cleveleys, Poullon, Fleefvlood, St Annes and Garslang. We had 817 attendances to these clubs over the 12 months which shows how much our dienls depend on these weekly events and most, have the dates booked into their diaries. Social Group Our Social Group has had over 880 allendan¢es in Ihis year, averaging 25 each week. Clients pay for a day of entertaining, lunch and games. Clients receive a hot lunch prowded by our in-house catering 1￿MpanY and have an afternoon of entertainment from professional singers in our local eommunty. Talking News Servlce Over 8555 DAP'S were distributed to clients throughout Blackpool, Fylde and Wre. This numbers of listeners on this seNice are on the deGline and the team need to explore olher ways of communicating with our clients. As technology advances il is importanl for Ihe Communily Serwce Department lo provide a variety of platforms and means for communicating with our dients, residents, volunleer3 and stakeholder. Image below Shows Joy discussing her 100 years, Se￿iCe with a BBC Presenter li THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Image below showing Julle and Brfan donating a cheque from the Odd Fellows to Maria Kirkland the Chlef Executlve and Brian Casey. Community SeNice Manager Support Services The Complete Catering Company The Company has wothed in partnership wilh N Vision for over 13 years and continues lo provide a high standard of quality, fresh meals for residents, staff and volunteers. Food inflation was the highest we have experienced in years. ANhough this was a challenging year the kilchen team did not compromise on quality and service and still managed to work within set food budgets and achieve an underspend. We achieved our 5-star rating with the local EHO, which WÈ have relained over the pasl 13 years. Achieving great ratings with our annual ISO inspection. The kitchen slaff completed their food hygiene course, all with high pass rates. All in house training provided by the home was completed suc￿sSfully. We Tegularly indude a number of theme days which are enjoyed by residents & staff. The Kings Coronation, Italian insplred, Chinese Inspired, Indian inspired. An indoor bbq was also enjoyed. We provide a special menu also at Easter, bank holidays and Ihe national day holidays ie Sl George's daylBurns night etc. We provide a five- day festive menu over the Xmas périod. The staff enjoy making birlhday cakes for all residents, birthdays, we also provided catering for any N-vision functions induding our volunteers, buffet. Throughout the year we have tried out some new modem dishes to see how our residents woukf reacl. The feedback was positive and our new dishes have now been successfully inlroduced lo our new menLts. Complete Catering donated regularly lo the home raffles to help raise money for our residents. amentiies. this included Christmas hampers. bottles of alcohol etc. Complete Catering continues lo provide a high-quality semce. produrjng wholesome homemade meals using fresh ingredients for both residenls and staff. We have mainlained 1 OOOA staff retention with staff morale high and training taking place. Urban Organic Urban Organic, continued lo prowde opportunities for residents to participate in the popular Growing for Life Club. Urban Organic also provided a wide and varied range of actiwlies including., Sowing and Growng sessions. flower pressing, Halloween pumpkin carving, producing pressed apple juice, making bug boxes and wood crafts. Urban Organic also continued to maintain the grounds throughout the year, enhancing the appearance of Ihe site and crealing a pleasant. OLEtdoor amenity Spa￿ for residents, clients, bisitors, staff and volunteers. Additional Infomiation Human Resources and Health and Safety Peninsula Business selv1￿$ continued lo prowde tiWTbely and expert adwce ensuring cnmpliance wlh Human Resources and HeaRh and Safety legislalion and best practice. THE BLACKPOOL FYLDE AND WfRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Hearts of Gold Award The monthty Hearts of Gold Awards continue wtth staff from across the organisation gaining recognition and réwardéd for going over and above their usual duties for the benefit of residents, clients and colleagues. Image below shows Maria Kirkland handing Salty her Hearts of Gold Award Volunteers We continue to recruit volunteers for all of our departments and across the charity and have a Volunteer Coordinator on hand lo support them along their way. We celebrated Volunteers Week in June this year with over 40 volunteers attending our Volunleers Lunch! Publiclty and Ralslng Awareness We have rolled out OUT new Website and Marketing Video with a fvlly acLessible and inlegraled website design. The website has a modemised look and adheres to our branding, mission and values. We have produced one Newsletter this year, updated some of our literature and invested in a professional marketing video lo advertise N-vision services. Tralning and Development N-vision expects and supports staff and volunteers lo engage in training and development to enhance their skills and knowledge. All staff members have conducted their mandatory training online using Flexebee and included-, First Aid, Health and Safety, Fire Safely, InfeGtion Control and Safeguarding. Two of our staff members are conducting a L5 Rehabilitation Officer for the Visually Impaired Course with many trips to London for tralning. The Community Semce Dep8rtment have delivered Visual Awareness Training lo N-vision staff members, trustees. volunteers and exlernal professionals. All department staff members have received updale Iraining on Safeguarding Adults and Children. Prevent. Mental Capacity and C5viI Liberties. Partnerships Partnerships wilh other agencies continued to be important and mLrtually beneficial and provides the opportunity lo influence and implement strategy, enhance knowledge. share eXPe￿se and resources, idenlify needs, consult on creative solutions for service development and avoid duplication. N-vision continues lo establish partnerships wtth other organisalions, Gharities and NHS providers. National and local partnerships throughout the year induded.. Visionary, Blackpool Council, LancashiTe County Counul, Blackpool and the Fylde and Wyre Clinical Commissioning Groups. 81ackpool Teaching Hospitals NHS Foundation Trust, NHS England, local OptometTists, Lancashire Eye Health Nelwork. BlacJ Cash and cash equivalents at beginning of year 78,232 207,165 Cash and cash equlvalents at end of year 106,649 78,232 21 THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sotÈrces. The estimates and associated assumplions are based on historical experience and other factors Ihat are considered to be relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Rovisions to accounting estimates are recognised in the period in which the estimate is revised where Ihe Tevision affects only that period, or in the period of the revision and future periods where the revision affe¢ts bolh Current and future periods. Critlcal judgements Useful economic life of tangible fixed assets The useful economic life of tangible fixed assets is judged at the point of purchase and reviewed at each financial reporting dale. The judgemenl is based on truslees in depth knowledge of the industry in which the charity operates and of the individual assets. As Standard, the useful economic lives are applied as shown in note 3.6. At each Balance Sheet date, the trustees undertake an assessment of the carying amount5 of the tangible fixed assets based on their knowledge of the assels to determine whether there is any indication that assets have suffered an impairment loss. ￿ere necessary. an impairment charge is recognised in the Slalement of Financial Aclivilies. At appropriate inleNals, an extemal fomial valuation of the freehold land and buildings Is carried out. Key sources of estimation uncertainty Impalrment of trade debtors At each Balance Sheet date, the Injstees and their finan￿ team undertake a review of oulslanding debtor balances and estimate which, if any, should be impaired or provided against. This calculation is based on the financial position of the customers, the historic speed of payment, and any ongoing discussions between the charity and the individual debtor. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestr5cted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies re￿1vable Grants receivable 11.881 1,5Crf) 10,0(M) 21.881 1.500 60,331 10,107 93.761 3,813 13,920 93,761 47,304 60.331 47,304 13,381 70,331 83,712 103,868 51,117 154,985 -22- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies Charity inforniation Th8 Blackpool Fylde and Wyre Society for the Blind TIA N-Vision} is a private company limited by guarantee incorporated in England and Wdles. The registered office is Princess Alexandra Home, Bosworth Pla￿, Blackpool, Lancashire, FY4 1 SH. 3.1 Accounting Conventlon The financi81 statements have been prepared in a¢¢ordan¢e with the charily's Memorandum & Articles of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Sl8tement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Finan(xal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). {effective 1 January 2019) and Accounting for Registered Social Landlords. The charity is a Publi¢ Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is Ihe functional cuffency of th8 charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepar6d under the historical cosl convention, modified lo in¢Sude the revaluation of freehold properties. The piinapal accAJunting polictes adopted are set out below. 3.2 Going concem Al the time of approving the financial statements, Ihe Trustees have a reasonable expedation that the charity has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 3.3 Charftsble funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are SLFbject to specrfic conditions by donors or grantors as to how they may be used. The purposes and uses of the reslrioted funds are set oul in the notes to the financial statements. Endowment funds are subjed to specAfic condttions by donors that the capital musl be maintained by the charily. 3.4 Incoming resour¢es Income is recognised when the charity is legally entilled to it after any perfomance conditions have been met, the amounts can be measured reliabty. and it is probable that income will be received. Cash donations are recognised on receipl. Other donalions are recognised once Ihe charity has been notified of the donation, unless perfonnance conditions require deferral of the amount. Income tax recoverable in relation to donations receNed under Gift Aid or deeds of covenant is recognised at Ihe time of the donation. Legacies are recognised on receipt or otherwise -rf the charity has been notified of an impending distribution, the amount is known. and ieceipt is expeded. If the amount is not known, the legacy is treated as a contingent asset. -23- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnuedl Donated goods are recognised as incomè when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of the economic benefit from the use by the charity of the item is probable and Ihe economic benefit can be measured reliably. Stocks of undislribuled donated goods are not valued for balance sheet purposes. In accordance with the Charities SORP, the general volunteer lime is not recognised and reference is mad8 in the truslee's annual report about their contribution. Grants include amounts recetvable from local authorities and other organisalions. They are recognised as income when the charity has enlitlemenl to the funds, any Performan￿ condilions atlached to the grants have been mel, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 3.5 Resources expended Expenditure is recognised once there is a legal or Cjjnstructive obligation to transfer economic benefit to a third party, it is probable Ihal a transfer of economic benefits will be required in settlemenl, and Ihe amount of the obligation can be measured reliably. Expenditure Is ¢lassified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs which cnntribute lo more than one activity and support costs which are not attributable to a single acliwty are apportioned between those activities on a basis consistent wilh the use of resources. Central staff cosls are allocated on the basis of tlme spent, and depreciation ¢harges are allocated on the portion of the asset's use. Resovrces expended are accounted for on an accruals basis inclusive of irrecoverable Value Added Tax, and have been ¢lassified under headings that aggregate all cnsts related to the calegory. Costs of raising funds comprise the costs of operating a charity shop and costs associated wlth general fund raising events. Support costs are those functions that assist the work of the charity but do nol direclly undertake charitable aclivilies, and indude staff cosls .Govemance costs indude audit fees, depreciation and an element of office and salary costs. Support and govemance costs are allocated belween cost of raising funds and expenditure on charitable aclivilies, and the bases of allocation are set out in note 10. 3.6 Tangible fixed assets Tangible fixed assets are inttially measured at cost and subsequently rneasured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets are slated at cost less deprecAation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows.. Land and buildings Fixiure5, fittings & equipment Motor vehicles 1¢A on building cosVNil on land straight line over 5 years 2011h on NBV The gain or loss arising on the disposal of an asset is detemiined as the dtfference between the sale proceeds and the carrying value of the asset. and is recngnised in the statement of financial activities. -24- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 3.7 Current asset inveslments Current asset inveslments are initially measured at transaction price excluding transaction costs, and are subsequently measured al fair va5ue at each reporting dale. Transaction costs are expensed as incurred. Changes in fair value are recognised in other recognised gains and losses except lo the extenl that a gain reverses a loss prewously recognised in net income expenditure, or a loss exceeds the accumulated gains recognised in equity,. such gains and loss are re￿gnised net incomel(expenditurel for the year. 3.8 Impairn)ent of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of tts tangible assets to detemiine whether Ihere is any indication that those assets have suffered an impairment loss. If any such indicAtion exists. the recoverable amount of the asset is estimated in order to del8miine Ihe exient of the impairment loss (if any). 3.9 stocks Stocks are staled al the lower of cost and estimaled selling price less costs lo complete and sell. Cost comprises direct materials and, where applicable, dired labour costs and Ihose overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the tower of replacemenl cost and cost. Net realisable value is Ihe eslimated selling price less all estimated ￿$1S of completion and costs lo be In￿rred in marketing, selling and distribution. 3.10 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-tem liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 3.11 Financial instruments The charily has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial inslnjmenls are recognised in the charity's balan￿ sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wilh the net amounls presented in the financial stalemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intenlion to Settle on a net basis or to realise the assal and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan￿s. are initially measured at transaction price including transaction costs and are subsequently carried at amortised C￿St using tho effective interest method unless the arrangement constitutes a financing Iransaclion, wherè the transaction is measured at the present value of the future receipts discounled at a market rale of interest. Financial assets classified as receivable within one year are nol amortised. -25- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGcounting pollcles {Continued Basic financial liabilities Basic financial liabil(ties. induding credilors and bank loans are initially fecognised at Iransaclion price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequently carrted at amortised ¢ost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Arnounls payable are classified as Gu￿ent liabilities if paymenl is due within one year or less. If not, they are presented as non-currenl liabilitie5. Trade creditors are recognised initially at trdnsaclion price and subsequently measured at amortised cost using the effective inleresl method. Derecognltion of financial liabilities Financial liabilities are derecognised when the Charity's cL)ntractual obligations expire or are discharged or cancelled. 3.12 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediatety as an expense when the charity is demonstrably committed lo lerminate the employment of an employee or to provide termination benefits. 3.13 Retirement beneflts The charity participated in a final salary scheTne operat8d by Lancashire County Council until g June 2017 when membership was terminated on retirement of the last active member. The cost of providing retirement pensions and related benefits was charged to the slalement of financial activities over Ihe employees, service lives on the basis of a constant percentage of eamings. Any difference betsveen the charge to the statement of financyal activities and the ￿ntributIonS paid to the scheme was shown as an asset or liability in the balance sheet. 3.14 Organisation's ststus The charity is a company limited by guarantee. In the event of Ihe society being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 3.15 Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. 3.16 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a Ihird party and the amount due lo settle the obligalion can be measured or estimated reliably. Creditors and provisions are normalty recognised at their settlement amount after allowing for any trade disc£Junts due. -26- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Ptlncess Caregiv•rn at Alexandra Home Hom* Low Vlslon Centr• Total 2024 Total 2023 Sale of goods seNi￿s provided under contract Performance related grants Charitable rental income 122,653 122,653 202,965 80,173 1,119.537 95,618 162,100 76,866 996,331 202.965 80,173 1,119,537 1.119.537 202.965 202,826 1.525,328 1,330,915 Analysis by fund Unrestricted funds Restricted funds 1,119.537 202,965 122,653 1,445,155 80,173 80,173 1.119,537 202,965 202,826 1,525,328 For the year ended 31 March 2023 Unrestricted funds Restricted funds 996,331 162,1CKJ 95,618 76,866 1,254,049 76,868 996,331 162.100 172,484 1,330,915 Other tradlng activities 2024 2023 Fundraising events Shop income 198 165,371 190,274 Other trading activities 190,274 165,569 Other income Unrestricted Unrestricted funds funds 2024 2023 Sundry income 6,504 11,389 -27- THE BLACKPOOL FYLDE AND WfRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity other fundraising cosls Staff costs Support costs 14,393 2,795 6,259 10.746 12.582 5,687 23,447 29,015 Trading costs Operating charity shops Staff ¢osls Support cosls 55,138 65,970 8,080 56,884 58,028 3,984 129,188 118,896 Total costs 152,635 147,911 Investments 2024 2023 Income from listed inveslmenls Interesl receivable 33,702 552 23,815 816 34,254 24.631 -28- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charflablo act￿ltI88 N Vl¥lon ¢#regfv•rn LuwVIElon Homa It Home C•ntr• 2024 2024 2024 Soclal Ctntr• 2024 T•lkln N¢ws 2024 Total 2024 rotal 2023 Slatl ¢osl¥ Daprecl8lk)n and knpaSmxnt Cale￿n0 se￿¢t3 Rèni, r•itsÉ bnd W• L*hl and h¢8t In8ur8nce Transwl, Irw¢l ond $yb$l$*nc•llnd n￿1￿8) T•lephone R8patrs, renew0￿ ond cknlNJ Prlnlhg, ¥tallon8ry and adverttsl LegAI dnd profess￿nal fees Sundrtes Sl8ff Iralnlng and re¢m#m￿l Lt)w vlsbn 8Sd¥ Comwlerexpensas 8ank charges Olhfjrtharllable axpéndiwm 613.gS7 21.739 185.743 13,918 42.23J 15.872 7,887 8.787 88,485 9,711 23,&59 2.912 7,126 188, .627 1.057 6,226 1,049,233 22,511 185.743 20,205 $8,249 24,837 908,399 29,547 167,410 21,236 39,988 18,IS8 15,050 7,e04 72,194 10,796 18,521 19,625 11,179 68,4U7 19,919 697 14,3B5 3.929 10,632 5,291 12.4QO 393 788 2,128 9.1 ,787 9),592 9,711 38,998 10,711 9,530 72.465 18,952 42 973 1,949 6.498 212 1,342 107 72.465 5.270 9.877 329 2,488 27,7 27,709 1,1C4.585 197,463 329.799 15,705 1,664,095 1.442.961 $har8 ot supput cosls18e¢ nole 101 Share ofgovernanu cos15 (see nota 101 93.886 27,313 9.389 2.731 31,29S 9.104 3,130 910 8.259 3,642 143.959 43,7D) 130,792 27,374 1,230.784 2￿.583 370.19B 15,58J 25.6(I8 1.851,754 1.601,317 THE BLACKPOOL FYLDE AND WRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ch￿￿table actlvltkg8 IContlnu•dl Analy816 by fund Unrosirle¢•d funds Raslrtcled funds 1.0%.611 209.$83 174.173 370,190 15.583 25,806 1,877,581 174,173 1,428,713 172,404 1.230.784 209.583 370,19& 15,583 25,600 1,85f,754 1,601,117 THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitsble activities (Continued) Forthe year ended 31 March 2023 N Ifision Caregivers Low Ifision Home at Home Centre Social Centre Talking News Totsl 2023 Staff costs Depreciation and impairment Catering services Rent, rates and water Light and heat Insurance Transport, travel and subsistence (ind minibus) Telephone Repairs. renewals and cleaning Printing, slalionery and advertising Legal and professional fees Sundries Staff training and recrurtment Low vision aids Computer expenses Bank charges Other charitable expenditure 527.880 192,999 154.078 12,134 21,328 908,399 28.453 167.410 12,966 25.868 11.959 386 29,547 167,410 21,236 39,886 18,156 1,297 2,746 1,163 5.576 8,671 3.790 533 867 372 864 1,734 872 2.337 5,154 6,476 6.021 1.633 87 129 327 15,050 7,604 65,803 681 2,220 170 3,260 72,134 8,961 15,654 8.289 440 538 1.392 1,792 909 10,796 18,521 19,625 179 9.889 358 538 10,510 169 360 68,407 6.252 332 140 11,179 68,407 19,919 697 11,701 365 1,013 318 635 14,385 14,385 917,675 208,012 262,141 24,689 30,434 1,442,951 Share of support costs (see note 10) Share of govemance c￿stS (see note 10) 85,299 8.530 28.433 2,843 5,687 130,792 17,109 1,711 5.703 570 2,281 27.374 1,020,083 218,253 296,277 28.102 38,402 1,601,117 Analysis by fund Unrestricted funds Restricted funds 847,719 172,364 218.253 296,237 40 28.102 38,402 1.428.713 172,404 1,020,083 218,253 296,277 28,102 38,402 1.601,117 -31- THE BLACKPOOL FYLDE AND VVYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 l O Support costs Support Govemance costs costs 2024Support costs Govemance costs 2023 Slaff costs 156,477 17.386 173.863 139.322 15,796 155,118 Audit fees Accountancy Legal and professional 8,960 5,610 13,566 8.960 5,610 13.566 10,360 2.358 10,360 2,358 156,477 45,522 201.999 139,322 28.514 167.836 Analysed between Fundraising Trading Charilable activities 6,259 6,259 143,959 6.259 8.081 187,659 5,687 2.843 130,792 5,687 3,984 158,165 1.822 43,700 1,141 27,373 156,477 45.522 201.999 139,322 28,514 167,836 11 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediling)'. Fees payable to the charity's auditor.. for the audit of the charity's finan￿al statements - for other assurance serwces - for tax advisory services Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 8,960 5,610 5,007 22.511 7,125 10,360 2,358 29.548 12 Trustees None of the Trustees (or any persons connecled with them) received any remuneration or expenses during the year. -32- THE BLACKPOOL FYLDE AND VVYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Descriptlon of charitable activities N Vision Home The Princess Alexandra Residential Home provides specialist residential acu)mmodation and care for visually impaired resldents. Caregivers at Home This is a community based se￿ice supporting older people in their own home, assisting with a variety of day to day tasks. Low Vision Centre This centre provides support for clients lo achieve independenl living via infonnation sessions and technology exhibitions and workshops. Social Centre The Social Centre provides community based clients with an opportunity for social inleraction, with bi-weekly sesslons offering a range of aclivilies. Talking News Gives access lo the written word wa a home based digilal audio system. 14 Employees The average monthly number employees during the year shown as the full lime equivalent was.. 2024 Number 2023 Number Management Charitable Aclivilies 67 60 Total 71 64 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 1,210,747 59,722 21.391 1,056,101 59,152 21.718 1,291,860 1,136,971 Full time equivalent numbers of staff werè 43 {2023 . 40). There were no employees whose annual remuneralion was more than £80,000. -33- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Employees (Continued) Remuneration of key management personnel The remuneration of key management personnel was as foll0v￿.. Aggregale compensation 135,697 127,288 15 Otherexpendlture Unrestricted Unrestricted funds funds 2024 2023 Net loss on disposal of tangible fixed assets 7,125 16 Galns and losses on investments Unrestricted Unrestricted funds funds 2024 2023 Gainsl{losses) arising on.. Revaluallon of investments Sale of investments 104,875 (80,484) <64,917) <19,857) 24,391 {84,774) 17 Taxation The charity is exempt from laxalion on its a¢tivilies because all its income is applied for charitable purp058s. -34- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Tangible fixed assets Freehold tand and bulldlngs Flxtures, Motor vehlcles ftitlngs & •qulpm•nt To Cost or valuatlon At l April 2023 Additions Disposals 1,4(K),000 320,806 2,504 {14,947) 14,341 1,735,147 2,504 (14,947) At 31 March 2024 1,400,000 308,363 14,341 1,722,704 Depreciation and impairnient At 1 April 2023 Depreciation charged in th8 year Ellminaled in respect of disposals 55,620 9,709 281,590 11,862 (7.822) 9,642 940 346,852 22,511 {7,822) At 31 March 2024 65,329 285,630 10,582 361,541 Carrying amount At 31 March 2024 1,334,671 22,733 3,759 1,381,163 At 31 March 2023 1,344.380 39,217 4,699 1,388,298 At 31 March 2024, had the révalued assets been carried al historic cost less accumulated deprecAalion and accumulated impairment losses, their carying amounl would have been approximalely £1,146,632 (2023 £1,154,632). The charity adjusted the value of land and buildings in 2018 in accordance with a fomial independent valuation report prepared on an open market value basis and Ihe trustees consider the current market value lo be as staled in Ihe financial slatemenls. They will continue to commission open market valuations of the propety at approximately 5 yearly inteNals. 19 Stocks 2024 2023 Finished goods and goods for resale 6,550 6,300 -35- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepaymenls and accrued income 93,909 155,869 42,000 24,516 13,561 107,470 222,385 21 Financial instruments 2024 2023 Carrying amount of financial assets Instruments measured at fair value through profrt or loss 1,179,427 1,195,857 22 Current asset investments 2024 2023 Listed investments 1,179,427 1,195,857 Cash balances induded above of £10,666 (2023: £33,618) were nol invested at Ihe Balance Sheet date. 23 Creditors: amounts falllng due withln one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 12,075 44,730 21,563 59,494 9,238 25,476 51,008 34,900 137,862 120,622 THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Restricted funds The festricted fvnds of Ihe charity comprise the unexpended balances of donations and grants held on Irust subjecl to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 P.A. home Building Fund Flxed Assets Garfield Weston Katies Fund Eric Wright He211h Authoriiy LVC Weston Pilollight Inleraclive table fiJnd8 Lancs CC Digital Care Records Community Foundation Blackpool CouncAI Citizens Advi￿ Bureau 1.145.943 10.609 1.884 10.848 17.599) (2.122) (482) (10.560) (25,000) (80.173) 1.138,344 8,487 1,402 10,288 10,000 25,000 80,173 11,500 2,438 10,468 11,500 {2.438) (10,468) (23.641 > 19,690) (2,000> 23.641 9.690 2,000 1,193.690 150.504 (174,173) 1,170,021 Prevlous year: Al 1 April 2022 Incomlng resources Resources expended Transfers At 31 March 2023 P.A. home Building Fund Fixed Assets Gaffield Weston Befriending SeNice Duchy of Lancaster Katies Fund Heallh AuthoTtly LVC Weston Pilollight WRRF Lottery Community fund Kickstart funds Interactive table funds Community Engagement Covid Lancs CC Digital Care Records 1,153,882 (7.939> (2,652) (3,413) (42,760) {3,663) 1,145,943 10,609 1,884 13.261 5,297 37,632 3.663 15,339 5,128 (4,491) 10,848 76,866 5.000 (76,866) 6.500 15.798 11,500 (15,798) {10,000) (2,233) 10.000 2.233 5.938 5.000 17,818 {3,500) 2,438 (5,000) {2,080) {5,270) 10,468 1.238.111 127.983 {172.404) 1.193.690 -37- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Restrlcted funds (Continued} The purpose of tha main restricted funds is as follows: PA Home Buildlng Fund - funds utilised to build the PA Home. Infection Control Funds enhanced infection ¢ontrol during the pandemic. Befriending Servlc8 - contact seNice for dienls during the pandemic. Health Authority LVC - funds for Ihe Low Vision Centre. WRRF - to support retention of slaff in care homes. Lottery Communlty Fund - provision of sport and recreational adivities. Lancashire County Council Digitsl Care Records - digitisalion of care records. Communlty Foundatlon - funding lo deliver activities from the Community Service department. 25 UnrestrScted funds The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are not subject to specific conditions by donoTS and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purposes. At 1 April 2023 Incoming resources Resources expended Galns and At 31 March losses 2024 Ravaluation reseNe General funds 83,890 1,492,868 (583) (1,836,758) 83,307 1,370,069 1,689,568 24,391 1,576,758 1,689,568 {1.837,341) 24,391 1,453,376 Previous year: At 1 April 2022 Incomlng resources Resources expended Gains and At 31 March losses 2023 Revalualion reserve General funds 84,943 1,593,707 (1,053) (1.575.571) 83,890 1,492,868 1.559.506 (84.774) 1,678,650 1,559.506 (1,576,624) {84.774) 1,576.758 THE BLACKPOOL FYLDE AND VVYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Analysis of net assets between funds Unrestricted funds Restricted funds Total 2024 2024 2024 Fund balances at 31 March 2024 are represented by: Tangible assels 214,332 Current assetsl{liabilities) 1.239,044 1,146.831 23,190 1,361.163 1,262,234 1.453,376 1,170,021 2,623,397 Unrestricted funds Restricted funds Total 2023 2023 2023 Fund balances at 31 March 2023 are represented by: Tangible assets 231,744 Current asselsl(liabllities) 1,345,014 1.156,552 37,138 1.388,296 1,382,152 1,576,758 1,193,690 2,770,448 27 Retlrement benefit schemes Defined contribution schemes The charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. All employees aged 18 and over are eligible to apply lojoin the scheme after completing three months seNce. The employer contribution to the scheme is 6 A of the memberfs conlraclual gross pay and the memberfs contribution must be a minimum of 30/0 of their contractual gross pay. Some members of the scheme also receive death in service benefits equivalent to twi￿ their annual contractual pay. The cost of this benefit is bome by the employer. As at the 31 March 2024 there were no outstanding pension conlribulions. The charge to profit and loss in respect of defined contribution scheme costs was £20,45712023 . £21,718). 28 Operating lease commitments At Ihe reporting end date the charity had outstanding commitments for future minimum lease payments under nOn-¢an￿lIable operating leases, which fall due as follows.. -39- THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 28 Operating lease commitments {Continued) 2024 2023 Within one year Be￿een two and five years 38,417 18,000 38,750 57,500 56,417 96,250 29 Related party transactions There were no disdosable related parly transactions during the year (2023 - none). 30 Analysis of chang08 in net funds Th6 charity had no material debt during the year. 31 Cash generated from operations 2024 2023 Deficit for the year (147,051) {146,313) Adjustments for.. Investment income recognised in statement of financial actiwlies Loss on disposal of tangible fixed assets Loss on disposal of investments Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets (34,254) 7,125 80,484 (104,875) 22.511 (24,631) 19,857 64,917 29,547 Movements in working capital-. {Inc¥easelldecrease in stocks Decreasel(increase) in debtors Increasel{decrease) in creditors {250) 114,915 17,240 192 {80,487) {77,363) Cash absorbed by operatlons 144,155) {214,2811