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2023-03-31-accounts
| CONTENTS |
|
|
Pages |
| Legal and administrative information |
3-4 |
| Welcome and Introduction by the Chair of Trustees |
5-7 |
| An Overview from the ChiefExecutive Officer |
8 |
| Report of the Trustees for the Year Ended 31 March 2024 |
9-13 |
| Independent Examiners' Report |
14 |
| Income Statement |
15 |
| Statement of Financial Position |
16 |
| Statement of Change in Equity |
17 |
| Notes to the Financial Statements |
18
- 20 |
| Detailed Income Statement |
21 |
| Status: |
A company limited by guarantee without share capital incorporated on 15th March |
|
1995; a registered charity. |
| Company number: |
3033089 |
| Charity number: |
1047148 |
| Registered office: |
2 Brownfields |
|
Welwyn Garden City, |
|
Hertfordshire, AL 7 IAN |
| Trustees: |
Alexandra Hickinbotham (Chair) |
|
John Page (Vice-Chair)
* |
|
Paul Taylor (Secretary/Treasurer) |
|
John Warner-Smith (Trustee) |
|
Alison Macdougall (Trustee) |
|
Richard Seaman (Trustee) |
|
Jennie Beebe (Trustee), retired May 2023. |
|
Raj Visram (Trustee) |
|
David Ottolangui (Trustee) |
|
Janet Picken (Trustee), appointed April 2024. |
| Patron: |
Lord Homes of Richmond MBE |
| Staff: |
Clement Musonda (CEO) |
|
Lisa Reed (Office Administrator&VolunteerCoordinator) |
|
Will Davis (Fundraising& NeWJork Coordinator) |
|
Karen Utteridge (Finance Officer) |
|
VanessaMacDonald (Vision Loss Advisor) |
|
Lorraine Cooke (Vision Loss Advisor) |
|
Renata Rybczyk-Savage (Vision Loss Advisor & CVI Officer) |
|
Kirsty Shaw (Peer Support Worker) |
|
George Sullivan* (Training & EmploymentWorker) |
|
Nim Patel (Counsellor) |
|
Christina Edwards (Vision Loss Advisor) |
|
Daniel Harris (Trainee Counsellor) |
| E-mail: |
office@hertsvisionloss.org.uk |
| Website: |
http://www.hertsvisionloss.org.uk |
| Sight line: |
01707 324680. |
|
|
2024 |
2023 |
|
Notes |
|
|
| Charitable Income |
|
335,032 |
323,125 |
| Charitable Expenditure |
|
(270,202) |
(247,488) |
| Gross Surplus |
|
64,830 |
75,637 |
| Administrative Expenditure |
|
(136,785
) |
(75,625 ) |
| Reserve Movement |
|
72,397 |
215 |
| SURPLUS FOR THE FINANCIAL YEAR |
|
442 |
227 |
|
|
2024 |
2024 |
|
2023 |
2023 |
|
|
Notes |
|
|
|
|
|
|
| FIXED ASSETS |
|
|
|
|
|
|
|
| Tangible Assets |
4 |
|
|
400,612 |
|
|
8,596 |
| Designated funds |
5 |
|
|
247,203 |
|
|
654,677 |
|
|
|
|
647,815 |
|
|
663,273 |
| CURRENT ASSETS |
|
|
|
|
|
|
|
| Debtors |
6 |
6,738 |
|
|
6,110 |
|
|
| Short term deposits |
7 |
65,825 |
|
|
128,189 |
|
|
| Cash at bank and in hand |
|
46,848 |
|
|
16,076 |
|
|
|
|
119,411 |
|
|
150,375 |
|
|
| Creditors: Amounts Falling Due Within One Year |
8 |
(83,473 |
) |
|
(57,940 |
) |
|
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|
35,938 |
|
|
92,435 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
683,753 |
|
|
755,708 |
| NET ASSETS |
|
|
|
683,753 |
|
|
755,708 |
| RESERVES |
|
|
|
|
|
|
|
| Designated reserve |
|
|
|
247,203 |
|
|
654,677 |
| Property reserve |
|
|
|
335,077 |
|
|
|
| General reserve |
|
|
|
101,473 |
|
|
101,031 |
| MEMBERS' FUNDS |
|
|
|
683,753 |
|
|
755,708 |
|
Designated |
Property |
General |
Total |
|
Reserve |
Reserve |
Reserve |
Reserves |
| As at31 March 2022 |
E6S9,677 |
|
É95,804 |
E755,481 |
| Surplus for the year |
|
|
E227 |
E227 |
| Transfers from designated to general reserves |
|
|
|
|
| - adjusting general reserve to recommended |
(É5,000) |
|
E5,OOO |
|
| level of 4 months costs |
|
|
|
|
| As at 31 March 2023 |
|
|
E101,031 |
E755,708 |
Deficit for the yearbefore transfersfrom
designated reserve |
|
|
(E71,955) |
(E71,955) |
| Transfers from designated to general reserves |
|
|
|
|
| - for general operating costs support |
(E42,899) |
|
E42,899 |
|
| - for relocation costs support |
(29,498) |
|
29,498 |
|
| - for purchase of 2 Brownfields, WGC |
(E335,077) |
É335,077 |
|
|
| As at31 March 2024 |
E247,203 |
E335,077 |
E101,473 |
E683,753 |
| . Tangible Assets |
|
|
|
|
|
Land & |
|
|
|
|
Property |
|
|
|
|
Freehold |
Motor
Vehicles |
Furniture&
equipment |
Total |
| Cost |
|
|
|
|
| As at 1 April 2023 |
|
15,065 |
86,910 |
101,975 |
| Additions |
352,782 |
|
49,419 |
402,201 |
| As at 31 March 2024 |
352,782 |
15,065 |
136,329 |
504,176 |
| Depreciation |
|
|
|
|
| As at 1 April 2023 |
|
15,065 |
78,314 |
93,379 |
| Provided during the period |
4,608 |
|
5,577 |
10,185 |
| As at 31 March 2024 |
4,608 |
15,065 |
83,891 |
103,564 |
| Net Book Value |
|
|
|
|
| As at 31 March 2024 |
348,174 |
|
52,438 |
400,612 |
| As at 1 April 2023 |
|
|
8,596 |
8,596 |
| . Designated funds |
|
|
Santander |
|
reserve account |
| Balance |
|
| As at 1 April 2023 |
654,677 |
| Movement |
(407,474) |
| As at 31 March 2024 |
247,203 |
| 6. Debtors |
|
|
|
2024 |
2023 |
| Due within one year |
|
|
| Trade debtors |
840 |
163 |
| Prepayments and accrued income |
5,328 |
3,524 |
| Otherdebtors |
570 |
2,423 |
|
6,738 |
6,110 |
| 7. Current Asset Investments |
|
|
|
2024 |
2023 |
| Short term deposits |
65,825 |
128,189 |
| . Creditors: Amounts Falling Due Within One Year |
|
|
|
2024 |
2023 |
| Trade creditors |
1,305 |
577 |
| Other creditors |
4,019 |
3,061 |
| Accruals and deferred income |
24,238 |
22,945 |
| Grants relating to future period |
53,911 |
31,357 |
|
83,473 |
57,940 |
|
|
|
|
2024 |
|
2023 |
|
| Charitable Income |
|
|
|
|
|
|
|
| HCC contract |
|
|
|
|
268,484 |
|
253,655 |
| Project grants |
|
|
|
|
43,200 |
|
28,035 |
| Locality grants |
|
|
|
|
5,654 |
|
9,888 |
| Donations & legacies |
|
|
|
|
8,848 |
|
21,040 |
| Trading income |
|
|
|
|
1,114 |
|
264 |
| Advertising |
|
|
|
|
500 |
|
200 |
| Fundraising income |
|
|
|
|
233 |
|
2,212 |
| Minibus hire income |
|
|
|
|
834 |
|
1,027 |
| Counselling income |
|
|
|
|
750 |
|
510 |
| Activities income |
|
|
|
|
221 |
|
804 |
| Investment income |
|
|
|
|
5,194 |
|
5,490 |
|
|
|
|
|
335,032 |
|
323,125 |
| Charitable Expenditure |
|
|
|
|
|
|
|
| Goods for resale |
|
|
|
747 |
|
367 |
|
| Direct staffsalaries & NIC |
|
|
|
96,158 |
|
81,781 |
|
| Direct training |
|
|
|
2,738 |
|
985 |
|
| Direct travel & subsistence |
|
|
|
4,681 |
|
4,023 |
|
| Volunteercosts |
|
|
|
154 |
|
728 |
|
| Property costs |
|
|
|
20,113 |
|
24,592 |
|
| Fundraising costs |
|
|
|
533 |
|
473 |
|
| Activities costs |
|
|
|
4,264 |
|
1,198 |
|
| Minibus costs |
|
|
|
2,098 |
|
1,219 |
|
| HHAS contract |
|
|
|
138,716 |
|
132,122 |
|
|
|
|
|
|
(270,202) |
|
(247,488) |
| Gross Surplus |
|
|
|
|
64,830 |
|
75,637 |
| Administrative Expenditure |
|
|
|
|
|
|
|
| Admin salaries & NIC |
|
|
|
58,937 |
|
41,744 |
|
| Stafftravel& subsistence |
|
|
|
145 |
|
183 |
|
| Office expenses |
|
|
|
15,700 |
|
12,422 |
|
| Fees & insurance |
|
|
|
18,942 |
|
11,870 |
|
| Equipment costs |
|
|
|
|
|
63 |
|
| Bank charges & finance costs |
|
|
|
25 |
|
|
|
| Depreciation charge |
|
|
|
10,185 |
|
1,696 |
|
| Sight news |
|
|
|
3,346 |
|
3,737 |
|
| Miscellaneous expenses |
|
|
|
7 |
|
303 |
|
| Relocation costs & set up |
|
|
|
29,498 |
|
3,607 |
|
|
|
|
|
|
(136,785) |
|
(75,625) |
| Reserve Movement |
|
|
|
|
|
|
|
| Sundry &other income |
|
|
|
|
|
215 |
|
| Designated reserve release |
- |
General |
|
42,899 |
|
|
|
| Designated reserve release |
- |
Relocation costs |
|
29,498 |
|
|
|
|
|
|
|
|
72,397 |
|
215 |
| SURPLUS FOR THE FINANCIAL |
|
|
YEAR |
|
442 |
|
227 |