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|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|
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|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.|
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|||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|
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|||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|
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||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|
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|. 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|
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|. Designated funds||
|---|---|
||Santander|
||reserve account|
|Balance||
|As at 1 April 2023|654,677|
|Movement|(407,474)|
|As at 31 March 2024|247,203|
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|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|
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|. 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|
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|||||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|