REGISTERED COMPANY NUMBER.. 0313301S (England and Wales) REGISTERED CHARITY NUMBER: 1051674 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 FOR VISION SUPPORT BARROW & DISTRICT RFM Avdil servIs LLP. Ststutory Auditor Unil 1. Guest House Farm Runshaw Lane Euxton Chortey Lancashire PR7 6HD
VISION SUPPORT BARROW & DISTRICT CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2Q24 Report of the Trustses 1 to 7 Report of the Independent Audilor¥ 8 to 11 ststement of Flnan¢ial Aetlvllles 12 ststement of Flnanclal Positlon 13 ststemgnt of Cash Flows 14 Notes to the Statement of Cash Flow8 15 Noles to the Financial Statements 18 to 30 Detsiled Statement of Financlal Actlvltle5 31 to 33
VISION SUPPORT BARROW & DIsTRT REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The Tnjslees who 8re 8180 directors of the tharrfy for the purpose of the Companies A¢1 2006, present Iheir report with the finala1 statements of the Charity for the peri¢JJ ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporbng by Charities: Statement of Recommended Praclice applicab lo Chariti'es pParIng their aCnIS in accordance wlh the Financial Reporb'ng Stsndard applicable In the UK and Republic of Ireland {FRS102) (effective 1 January 2019). 08JecTIVÉS AND ACTIVITIES Objectlves and alms The objective of the charity is lo support visualty impaired people vtho live wihin Barrow-ii-Furness and the surrounding dlslrict. To acJ)leve this. the organisalion: a, provides information and adv to visu81ty impaid people and to Iheirfamilies and t8r$,. b. provides visualty impaired people a range of welfare support social acb'vities- c. helps visualw impaired people of all ages to I've independently.. d. promotes awareness of sight loss issues- e. supports people wilhin a residential home. Significant actlvltFes Duiing Ihe last financial year. Vision Supwrt Barrow and Di5tsKt has been stsble. We have conlinued to attract funcling from a range of sour(s lo maintain our activity. which given the fvnding ndscape is something to be grateful for. We continue to fjnd recwitmenl challenging. given the impact of Ihe BAE system5, which is affecting all local charilies and is something bolh Ihe Local Authority and Government are workn'ng to add$$. The residential home, Osuey House, continues lo thrive. work is undeway to bulky a new lift shaft for Ostley House which wrfl allow resid8nts who need lo leave on stretchers lo do so Mth dignity and comfort. The leadership at Ostley House remans stable and Ihe home has an excellent reputslion lo¢alty and has a CQC Inspection rating of good. The Vision Support Centre (rntinues to promde Colrmurfy based seNices for p• Itvlng Wlth slght loss in South CUla. Thi5 includes.. - Vision Support offiGers- The VSO'S ofler ben8ffts and ndependent skills advice. Resource cent - A drop in centre where people living wilh strjhl ksss eAn come and review and purchase specialist aids and adaplab'ons. Tethnology Suppjrt - A dedicated Technology Officer who can support peoplè lo grow and develop their skills and confidence with assistive technology, which could be anylhing from learning lo use voiceover on an iphone to cutbng edge technok)gy like Meta smart glasses. ECLO - We continue to del'ver the ECLO seThie£ at Fumess General Hospital. The ECLO service. supports people who have new diagnoses lo navvJate their way around the serv$ a1 benefits avalkqNe lo them. This service provides emotional support and signposting to olher providers. Low Vi8lon Clini¢ - The Low Vision Clinic runs from the Wision Support Centre and is a place where people with low vision are refeNed ID be assessed for ald8 suth as magnifiers which mOVe some of the barriets they face with their slght. Childrer) and Young People SeNice - This Servi PfQVKles support to chibjren and their families across South Cumbria. Child are enwuraged lo engage with a range of actNittes. supported by our dedicated CYP wort(er, who has a teaching background and lived experience of swJht loss himself. Publi¢ benellt We have referred to the guidance contained in the Charity Corrffii5SiOn'8 general guidance on wblic benefit when reviewing our aims and objectives and in planning our future activities. In particular Ihe Trustees consider how planned activities will corrtriiyjle lo the al and objedives IW have sel. Page I
VISION SUPPORT BARROW & tHSTRICT REPORT OF THE TRUSTEES forthe Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Volunteers Staff and volunteers continue to assist the charity in the achievement of their maln aims and objectives. Volunteers are highly valued al the organisation and the charity is grateful for their continued contribution. The charity is conlinualty seeknng lo expand the number of volunteers in order to expand the work done by the charity- ACHIEVEMENT AND PERFORMANCE Charitsble activities Dufing 2023 and 2024 we have ntinUed to support the local ccffimunty. The foilowng helped us througtrUl Ihe year. Lake District Famiers AmistroNJ FanNW ChaiitaNe Fund Francis C Scott Trust Charles Godwin Foundation Cumbria Community Foundab'on- Roseland Trust Funds N81ion81 Lottery Community Fund EriG Wright Chatitable Trust BAE Systems GAYE Henry Smith Charity COOP Local Communty Fund Sir John Fisher Foundation Hadfield Trust Barrow Bid Edward Goslling Foundallon Cumbria Community Foundation- Wami Spots Fund The Morecamte Bay Hospital Trust - Clinical Commission Grwp has supported the funding of an Eyè Clinic Liaison Officer (ECLOI in Fumess General Hosp*al. Page 2
VISION SUPPORT BARROW & DISTRICT REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Fund Ralslng Standards Information We Work wth the fundraising regulaloT who set and ffraintain the standards forcharitable fundraising. The fundraising regulor aims io ensure Ihat fundraising is respeclfiA. open. honest and accountable to ihe public. The role of the regulator is to.. Set and promote the standards for fvndraising practice consultali)n with the put, fundraising slakeholders and legislalors. - Investigate cases where fundraising practtis have led to swnirtant wblic concem. - Adjudicate compLqints from Il public about fundraising praL#re, where these cannot be resolveé by the ¢harf(ies themSee$. - Operate a fundraising prefefence servte to enable individuals to manage their contact with charittes. Wnere poor fvndraising practice is judged lo have laken ple. reconlnend best practice guidance and lake prcportiale remedial action. In order to ensure we are fvndraising apwopriately we.. do all we can to ensure that fundraisers. volunteers and fUndlsIrj contraGtor¥ w01ng with us lo raise nd8 - comply with the Codes and wtth Ihls Prornise. - comply with the law including those that appty to data protection. health and safety arKI the environment. - are clear about who we are. what we do and how your gift is used. - glve a clear exp12n8tion of how you can make a grft and amend a regular eommitmenl. . respect the rights, dignities and privacy of our supporters and berI¢laries. - will not put undue pressure on you to make a grfi an(J rf you do not wint to give or wsh lo cease giving. we will respect youf decision. If you tell u5 that you donl want us to conta(* you in a particular way we wl not do so. - do not use any Images or words that cause unjustifiable distres5 or offence. - take caffj not to cause unreasonabk nuisan or disruption. you are unhappy with anything welre done while fvndraising, you can contad us to make a u)mplainl. We have a compLginl procedure, a copy of which is available on request. If we cannot resolve your complaint, we apt the authority of the Fundialslng SLqndards Board kn rnake a final adjLKlication. Page 3
VISION supp BARROW & DIsTRT REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 FINANCIAL REVIEW Financlal position Income Ostley House We have maintained the high standards of seN(e. ensured saL8[S are competilive 8nd maintained the home in a serviceable manner. Vlslon Support Centre In 202&2024, the cenlre contin to operate as th)ne hisioricalty. Expenditure The major expenditure for Ihe Charity 15 Staff ¢osls which tolalled £1.551.172. An Yicrease of £112.803 over the comparab've period. These costs equate to 64% of total inci)me. Ostley House During th8 period to 31 March 2024. we made wjgress #i reviewing tt* sakqry costs to ensur8 tw remain compeb'live. VSslon Support Team We remained at full strength throughout the Fefro(l. Administration Baslc operalional costs are summarised in Note 9 where total adivity cost ale apportloned within the Charity operatsons. Also. all ilems of expendrture are detailed in the notes lo Ihese accounls. End of Year Overall. the net surplus of £291,111 is a positive that has mainly come about due lo the Charity recelvlng a number of grants and CS. BALANCE SHEET Flxed Assets Freehtsld propety additlons durin9 Ihe period We £428,381. There were plant and equipment additl¢Jns of £48,883. The depreciatK)n charge fw ts perh)d was £52.325. This figure includes £21,041 charged on freehold propety. Current Assels Stock has incr8as8d slightly from last year Tr)t materially so and remains at similar levels lo the previous year. Cash and Investments Cash balances and current investments have deaSed by £164.385 during the year. Net A88ets rotal funds have increased by £291,111 to £3.657.801. Of this the re5trided funds were £102,303 Investment poll¢y and objectives The Charity Investment Policy will afways be based on a low risk strategy. Page 4
VISION SUPPORT BARROW & DISTRICT REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 FINANCIAL REVIEW Re$er4es poll¢y As al 31 March 2024. unre¥lricled investments and cash at bank totaled £846,018. Of this fixed asset investments represent £243.086, curnt a5sel Vestments £432.913 and cash at bank £170,019. In JU 2023, the Board of Trustees agreed to amend the tharity's reserve POIy. Due to the nature and operations of Vision Support Barrow and District. Ihe Trustees aspffe to hold a significant reseNe of £1M, ompiising ol the folbwing.. 6 months running costs £75k designated towards the cost of the Fyoiecl to (x)nstruct x new Thft al Ostley House which is in construction 8131 March 2024 - £30k as a Contingency towards the IX)sl of projects. Grants Payable Policy Grants payable by Ihe Charity are in response to special needs appliratioDs Ihat are reviewed by OUT Vision Support Team and an annual budget 15 set at £2.500. FUTURE PLANS In tho coming year. we will experience a chare of leadership wilh our CEO of len years. Carl Hodge, leaving fr)r pastUf8s new. Our new CEO, Amanda Bennett joined the busness in June 2024. Amanda has 25 years of senior leadership experien in the charty secior. latterly in a natKsnal sight loss charity. Amanda has Iwed experience of sight loss hersew. In the future we Mll be building on our efforts lo increase the amount of lived experien leadership al Vislon Support Barrow and District. on our Board and with Amanda as our CEO. 11 is essential that services for people who are vision impaired are coproduced wilh the community for Ihe community and we are confident Amanda will help us lo build that capacity. We are hoping lo get Day Care provlsion at Oslley House up and wnning in Ihe earty part of the new financial year and we also have a knus on reaGhing oul lo more people who are working age arnd vision impaired and we are confident Amanda will bring a wealth of kleas and creativty lo that challenge. We will build on our existing Vision Support Offer, hopirg to inugasè th& rnumber of hours wo hav available so that we can suptxyt rTh)re people in the fijture. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The chat1ty is controlled ty ts governing thxumenl, a deed of tnJsL and ctinstitutes a limited company. limited by guarantee. as defined by the Compani83 Act 2008. Vlsion Support Barrow & District is a company Ilmlted by guarantee aThJ a registered Charty governed by ils Articles of Association. As at the 31 March 2024 there were 7 members. The liability of e8ch member in the event of the company being wound up is restrtde(I 10 £10. Recrultment and appolntment of the Board of Trustees The governance ol the charity is provided by Ihe Board of Tnjstees. As Set out in the Artides of Association. the Board of Truslees shall have tNJwer at any time to appoint any person to be a mernber of Ihe Board of Trustees up lo a maximum number fixed in the Artiths. Any member of the Board of Trustees so appointed shall hold offe until Ihe next following AGM and shall Ihen be eligible for re110n but shall not be taken into aount in delerminiro the members of the Board of frustees who are to rètire by rolalion al such meeting. Organlsallonal stru¢tu The Board of Tnjstees usualy meets nN)nthty. Board of Trustees induction and training All new members of the Board of Trustees are provided th a full induction on the rofe and a descfiplion outlining wh81 the Charity expects from a member. Trainin9 is provided as is rewired. Page 5
VISION SUPPORT BARROW & DISTRICT REPORT OF THE TRUSTEES for Ihe Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMEbir Key management personnel The charity has the followng nTrer$ ofthe senw Manageent team: Mr C F Hodge - Chyéf Executive {reswJned 1916124) Mrs Amanda 8ennett- ChEf Execthive {Appointed 1716124) Mrs H Silver- Ostley House Registered Manager Mrs C Huddkston - Support Manager Key management personnel are remunerated at the market rate for the services provided. pro rala for the hours worked. Rolated partles There are no connected chanlies or t*and)es dwing the perh)d ended 31 March 2024. R15k managemenl The Board of Trustees has conducted its own review of the major risks to whlch the Cha[Y is exposed and systems have been established to mrfFgale those risks. The charity has a register with all Idenlified risks which is r8gulady montlored and assessed to evaluate identified risks and identify new risks. REFERENCE AND ADMINISTRATIVE DETAILS Reg55tered Company number 03133015 (England 8nd Wales) Registered Charlty numbgr 1051674 Reg18tered offlce Vision Support Centre 67-69 Cavendish Street Barrow in Fumess Cumbrla LA14 1QD Truslees Ms N M Reynolds- Chair Ireslgned 301812024) Mrs W J Robinson - Treasurer (resvJned 1 $16r20231 Dr G Jolliffe (resigned 25110r20241 Mrs V VVlllon- Vice Chair Ms M Baron Mr R Mowat Ms L Savage Mrs B M¢nee [appnIed 2611R024) (resigned 2113r2024} Mr S J Hollis18ppolnled 3115r2024) Chief Executlve Offlcer Mr C F Hodge (Resigned 191e1241 Ms A Bennett {Appointed 17 June 2024) Audltors RFM Audit Setvices LLP. Ststutory Audrtor unit 1, Guest House Fami Runsh8w Lane Euxlon Chortey Lan¢ashire PR7 6HD Page 6
VISION SUPPORT BARROW & DISTRICT REPORT OF THE TRUSTEES forth? Year Erbded 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Soli¢itor8 Forreslers So1110[s Ltd Duke Street Barrow-in-Fumess Cumbria LA14 1XA Banke HSBC plc Duke Street Barrow-in-Fumess Cumbria LA14 1LR STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the dlrectors of Vislon Support Barr(hv & Distrfct frjr the purposes of company law) are responsible for pieparing the Report of the Trustees and the financial statement5 in accorLlance with applicable law and Untted Kingdom Accounling Standards (United Kingdom Generauy Accepted Accounting Practice). Company law requires the Trustees to prepare finanaal statements ky each financial year which give a true and fair view of the stsle of affairs of the charitable company and of ihe incoming resources and application of resources. including Ihe income and expenditure. of Ihe charilable company for that period. In preparing Ihose financtal slatemenls, the trustees a qUired to - select suitable accounling poliGEs and Ihen apply them consislenty., - observe Ihe methods and principles in the Charity SORP- - make judgements and estimates ihat are reascN)able and prud8nl', prepare the fin3nclal stat@mÈnt* on going eoneem b2#i# unless l is inappropriate lo presume Ihal tho charitable company will wnlinue in busness. The Trustees are responble for keeping proper acenunting records which disclose with reasonable accuracy at any time the financial positn of the charitable company and lo enable Ihem to ensl1 that the ffnancial statements compty wtth the Companies Act 2CQ6. They a also responsible for safeguarding the assets of the charitsble Company and hence for taknng reasonable steps for the prevention and detection of fraud and Other irreguLqrilies. In so far as the Trnslees are aware.. - there is no relevant audit information of wthich Ihe charitable o)mpanYs auditors are unaware." and the trustees have taken all steps that they ought to have taken lo make themselves aware of any relevant audit information and to estsblish that the audilors are aware of that informatn. AUDITORS The auditors. RFM Audit Services LLP. Statutory Auditor. 11 be proposed for re-apw)inlmenl at the forthcoming Annual General Meeting. This report has been prepared in accordance wilh the special provisKin$ of Part 15 of the Companies Act 2006 relating to small companies. Appioved by the Board of Diredors 25 Odober 2024 and signed on its behalf by: Mr S J HoNi$ - Trustee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT Oplnion We have 8udiled Ihe financial slatements of Vision Sur4)ort Barr(yw & Dislrict Ilhe 'charttable ¢ompany'} for the year ended 31 March 2024 which comprise the Staternent of Financial Activities. the Ststemenl of FlnAnc121 Position, the Statement of Cash Flows and notes to the financial slalements, including a summary of significant accounting policK8S. The finanual reporting fram8woth Ihal has been applled in their prepaffjlion is applicable Law and Uniled Kingdom Accounting Standards (United Kingdom General Accepted Accounting Pra¢ticl. In our opinion the ffinanu81 stslemenls.. give a t and fwr VEW of the state of the charitsble wry)any's affairs as at 31 March 2024 and of ils incoming resources and al8n of resources. induding its income and expendrture. for the y8ar then ended- have been pioperfy prepared li accordance wilh United Kingdom Generalty Accepted Accounting Pradice,. and have been prepared in accordan with the requirements of Ihe Coryanie5 Aca 2006. Basis for opinion We condLJCted our audit in accordance Mth Internalimal Slandards Auditing {UKI {ISAs (UK)) and appIlble Lgw. Our responsibilrties under tho¥e standards are further described in the Auditors. re5ponsibililie$ for the audit of the financial statements section of OLbr report. We are independenl of the charitable cornpany in accordance with the elhi¢al requirements that a relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Slandard, we have fulfilled our other ethical responsibilities in accordan¢e with Ihese requirements. We beleve that the autht evidence we have obtained is suffiuenl and appropriale lo provide a basis foi our opinion. Concluslons relatlng to golng concem In auditing the financial stslements. we have conduded that the trustees. use of IF going concem basi5 of accounllns in the preparabon of the finanryal statements is appropriate. Based on the wot we have perfomied, we have not iden11f any material uncertainties relating to events or conditions that, individualty or colectivety. may cast significant doubl on the charilable e£Jmp8ny's ability lo continue as a going eoncem for a period of at least hvelve tYK)nths from when the financial stalemenls are aulhorised for issue. Our responsiky'litw and the resFonsiknlities of th8 trustees with respect to going cortrm are described in the relevant sections of this rewi. other infoThatio The tnjslees are responsit4e for the other informalion. The olher inforrnaticffl comprises Ihe infomialion included in Ihe Annual Report. other than the finanaal statemenls and our Report of Ihe Independenl Auditors Ihereon. Our opinion on the finartk41 ststemenls Lies not cover Ihe other infrxmtith) and, except to the exlenl otheise expl11 stated in our rep)rt. we do not exwess any fomi of assurance conclusion thereon. In connection wilh our aLKIit of the financial stslements, our responstsility is io read the other inft>rmalion and, in doing so. consider whether the other information is materialty Ineonslstent wilh the finandal statements or our knowlÈdge obtalned In the audit or Otheilse appears to be matewialty misslaled. If w8 Idenltfy such material inconsisterscies or apparent material misslatements, are required to determine whether ihis gives rlse to a material rnisstatement in the fanCIal stslemenls themselves. If, based on the work we have perfo8. we conclude that there is a material misslaternenl of this other information. we are required lo report thal tacl. We have nothing lo report in thrs 99rd. Oplnlons on other matters prescrlbed by the Companlg5 Act 2006 In our opinn. based on the work undertaken in the course of the audit-. the infomiation gNen in the Report of the Ttuslees for the ffinanci81 yew for which the ffinandal statements are prepared is consislent wilh Ihe finanoal staten*nts- and the Report of the Trustees has been ppared in 8ccord8nce with appluble legal requ1mentS. Page 8
REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT Malter8 on whi¢h we requlred to Toport ty ex¢eptfon In the light of the knowledge and understanding of Ihe charitab18 corty)any and its environn*nt obtained in the course of Ihe audil, we have nol idenbfied material rrisstatements in the RetKKI of Ihe Tnjstees. We have nothing lo report in respect of the fdk)wing matters vthere the Companies Act 2(W)6 requires us to report to you if. in our opinion.. adequate accounting records have not been kepl or reluffls adequate for (wr autht have not been celved from branches not visrted by us.. or the financial statements are not In agreement with the a¢counling CordS and turnS. or certain éisclosures of Irustees. remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit., or the truslees were nol entilled to take advantage of the small comp8nies exemption from the requirement to pPare 8 Strategic Report or in preparing the ReFrt)rt of the Trustees. Responslbllltles of trustees As explained rnore fvlly n the Statement of Truslees, Responsibihlies. the trustees (who a also the directors of the charitable Company for the purposes of company lawl are responsible for the preparation of the financk?I ststements and for t£ing satisfied that ihey give a tNe fair view, and for such internal control 8s the trustees delemiine 15 necessary lo enable the wepatation of ffinancial statements Ihal aTe free from material misslatemenl. whether due to fraud or error. In preparing the fina181 statements. Ihe trustees are responsible for assessing the tharitable companvs ability to continue as a going concern. disclosing. as applicable, malteTS relaled to going concem and using Ihe going concern basis of accounting unless the trustees either intend to liquidate th8 charitable company orto cease operations, 01 have no realisit altemative but lo th) so. Page g
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT Our responslbilitles for the audit of thg ancIal statements Our objectives are lo obtsin asonable assurance about whether Ihe financial sialemenls as a whole are free from material misslatemenl. whether due to fraud or error. and lo issue a Report of the Independent Audilors that indudes our opinh)n. Reax)nable assurance is a high level of assuran. but is not a guaranlee that an audit conduded in accordance yth ISAS (UK) VAI always deled a material mi98L8tement when li exists. Misslatemenls can arise from fraud or error and are considered material rf, indivithJally or in the aggregate. Ihey could reasonabty be expeded to Infften Ihe econom decisDns of users taken on the basis of Ih8se financial staternenls. The exlenl lo which ¢wr procedures a capable of detecling itr8gularitÈs, induding fraud is detsiled below.. Our approach lo t(lentifying and assessing the risks of material misstatement in respect of iffegularities. including fraud and nOn-coMlance with laws and regUlatn5, is detailed below. the eng8gemenl partner ensured that the engagement team collectively had the approwiate competence, capabiliiies and skills to identify or recognise n-COmplIare with applicable laws ark regulalions., we Identified the laws 8nd regulatbns awlkabie to the ch<y tknwJh dL8cussions with directors and othei management, and from our mMercIal knowledge ond expewnce ofthe charity sector.. we focuseé on spectfiG laws and regulations which we conSided may have a direct material effect on the financial stateEntS or the operations of the company. induding the Companies Act20(%. Charities Act 2011. taxalion legislation arnl dala wolection, empbynEnL enrOnMental and health and safety legislatK)n'. we assessed Ihe exlent of compliance with the laws and regukqlions idenlified eknove Ihrough making enquiries of management and inspecting legal correspondence., and identified laws and regulations were conynunicaled within the audit team regulaty and the team remained alert to Instances of non4ompli8nce Ihroughout the audit We assessed Ihe SUSptib1ty of the tarity's financial stalements to material mi5Statement, induding obtaining an undei$landin9 of how fraud mighl occur. by: making enquiries of management as to where they considered theWaS susceptibilty lo fraud. their knowledge of actual, Suspected and alleged fraud. and considering the intefflal controls in place lo milyate risks of fra and non-complian th laws and regulation8. To address the risk of fraud through management bias and override of contro. we". perfomied anatytical procedures to Identify 8ny unusual or unexpected refatN)nships,' testsd jouinal enlries lo identify unusual transaclion$". assessed whetherjudgemenls and assumptions made n determin9 Ihe accounting estimates were indicative of polentr'al bias., and investigated the ratbnale behind signifunt or unusual transactn$. In response to the risk of irregularities and non-compliance with laws and regLAaths, we designed procerlures which included. but weie not limited lo= agreeing finan¢ial statement disclosures to underlying supporfing documentation., reading the minutes of meetings of those chaiged with goveinance., enqLJiring of management as to actual and potential litigation and claims: and revwIng correspondence wilh HMRC. relevant regulators including the Health and Safety Executive, and Ihe charity's Wl advisors. There are inherent Imilab'ons in our audit procedures des(xibed above. The more removed that laws and regulations are from financial transadions, Ihe s5 likely it is that we would become aware of non-compliance. Adng slandards also limit Ihe audit prodyS required lo identify nonv¢ompliance th laws and gUlationS lo enquiry of ihe trustees and other management and the inspection of regulatory and legal corresponden, if any. A fLJrther description of our responsibiltties for Ihe audit of the financial slat8men15 is located on the Financial Reporbng Counul's website al www.frc.org.uk1audllore5p0nSIbIIitIes. This descriplion forms part of our Repotl of the Independent Auditors. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF VISION SUPPORT BARROW & DISTRICT Use of our report This report is made selY to the Charitab company's nn)ers. as a body, in accordance wilh Chapler 3 of Part 16 of the Companies Ad 201X. Our audil work has been un(lertaken so that we might state to the charitable company's members those matters we are required to stale to them in an auditots, report and for no other puoSe. To the fvllesl extent permitted by law. we do not accept or assurne responsibllty to anyone other Ihan the charilable company and the charitsble conH)ary's members as a body. for oui 8udit work. for this report, or for the opinions we have foimed. Sarah Fnn FCA (Senior Stalutory Audilor) for and on behalf of RFM Audit Services LLP. Statutory Audilor Unil 1. Guest House Fami Runshaw Lane Euxton Chorfey Lancashire PR7 6HD 25 October 2024 Page11
VISION SUPPORT BARROW & DTSTRICT STATEVENT OF FINANCIAL ACTIVITIES IINCORPOIIATING AN INCOME AND EXPENDITURE ACCOUNTI forthe Year Ended 31 March 2024 2024 Totsl funds 2023 Totsl lunds Unrestrl¢ted Restricted fvnd8 fund$ INCOME AND EN()OWMENTS FROM Donations and legacies 230.747 317,541 548.288 459,331 Charltable activities Oslley House 1.818.669 1.818.669 1.680,652 Other trading acbvities Inveslmenl InMe 35.732 20.694 35.732 20,694 38.148 9,795 Total 2.105.842 317.S41 2.423,383 2.187,928 EXPENDITURE ON Raising funds 44.711 44,711 41.255 Charltable activitips Costs of administratbn and ViSn SupFQrt Centre Grants P8yable Oslley House Vision Support Team Children's Fund Daity living alds Eye Clinic Liaison Offir Adivilies and Sports for Clients Monday Night Gmup Henry Smtth Grant WAF l(now Your Neighbourhood 310.182 62.950 373,132 66 1,619,028 22,394 15.027 10.163 9.896 7,538 2.420 27.755 13.621 2.510 179.265 1.146 1.525.420 53.539 15.113 13.197 11,529 8.864 3,830 28.000 1,610,526 16,346 6.502 6,048 15,027 10.163 9,896 7.538 2.420 27.755 13.621 2,510 Total 1,991.994 156.267 2.148.261 1.881,158 Nel gainslllosses) on invesknenls 15,989 15,989 121.3681 NET INCOME Transfers between funds 129,837 385.849 161,274 (385.849) 291.111 285,400 22 Net movoment in fund8 515,686 (224,575) 291.111 285,400 RECONCILIATION OF FUNDS Total funds brougm forward 3.039,812 326.878 3.366,6>) 3,081,290 TOTAL FUNDS CARRIED FORWARD 3.555.498 102.303 3,657,801 3.366.690 The notes fomi part of Ihese financ4al ststements Page 12
VISION SUPPORT BARROW & DISTRICT STATEMENT OF FINANCIAL POSITION 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restrlcted funds funds FIXED ASSETS Intangible assets Tangible assets Investments 14 15 2.833.358 16 243,086 662 2,833.358 243,086 929 2.408,419 177,097 3,077,106 3,077,106 2,586,445 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 17 18 19 4.959 36,696 432.913 170,019 4,959 36,696 432.913 272,322 4.482 20,737 524.451 345,169 102.303 844.587 102.303 746.890 894.839 CREDITORS Amounts falling due within one year 20 1166.195) (166.195) 1114,594) NET CURRENT ASSETS 478,392 102,303 580.695 780.245 TOTAL ASSETS LESS CURRENT LIABILITIES 3.SSS.498 102,303 3.657.801 3.366.690 NET ASSETS 3.555.498 102.303 3,6S7.801 3.366.600 FUNDS Unrestricted funds Restricted fvnds 22 3,555.498 102.303 3.039.812 326,878 TOTAL FUNDS 3.657.801 3.366.S90 These financi81 statements have been prepared in acrnfdan with 1he provisions appkcaLle lo charitable companies sut¥'ect lo the small CoMpanS reg1. The financial slalements were approved by the 8oard of Tnjstees and authorised for issue on 25 Odober 2024 and wwe syned on ils behall ty: Mr S J Holli$- Trustee The notes fomi part of these financial slalemenls Page 13
VISION SUPPORT BARROW & DISTRICT STATEMENT OF CASH FLOWS for th8 Year Ended 31 March 2024 2024 2023 Cash flows from operating actlvmes Cash generated from opeiations 362.842 415,257 Nel cash provided by operats'ng activities 362.842 415.257 Cash flows from Inve$tlng actlvllie$ Purchase of intsngible fixed assets Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fued assel investments Movement on current asset investment Dividends ceiVed {1.069> {48,429} (477.264) 150,0(W) 778 (210,018> 121 91,530 45 Net cash used in inveslwig activities {435.689) (258,617) Change In cash and Cash equivalents In the reportlng perlod Cash and Cash equivalents at the beginning of the reporting perfod 172.8471 156.640 345,169 188,529 Cash and cash gquival8nts at the end of the reporting poriod 272.322 345,169 The notes fomi part of these financial statements Page 14
VISION SUPPORT BARROW & DISTRICT NOTES TO THE STATEMEKf OF CASH FLOWS forthe Yoar Ended 31 March 2024 RECQNCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for the reporting period lag per Slalernent of Flnanclal Actlvltles} AdJu$bn¢nts for.. Depreciation charges (Gainylosses on wiveslments Dividends received {Increaselldecrease in stocks (Increaselldecre2se in debtors Increaselldecrease) in credilors 291,111 285.400 52.600 (15.9891 145) (477) (15.9591 51.601 S6.356 21,368 {121) 1.211 6S,601 (14,5581 Net ¢a$h provlded by operdllor 362.842 415.257 ANALYSIS OF CHANGES IN NET FUNDS At114r23 Cash flow At 3113124 Net cash Cash at bank and hand 345,169 (72.8471 272,322 345.169 (72.8471 272,322 Llquid r•sourG8s Deposits induded in cash Current asset investments 524,451 {91.538> 432,913 524,451 (91,538> 432.913 Total 869.620 (164.3851 705,235 The Tr)tes fom) part of Ihese financial Slalements Page 15
VISION SUPPIJRT BARROY4 & DISTRICT NOTES TO THE FINANCIAL STATEMEfftS for thè Year Ended 31 Marth 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial stslemenls of the charit8ble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities.. Slalement of Recommended Practice appl'cable to charilies preparing their accounts in 8ccordance with the Financial ReF)orb-ng Standard applicable in ihe UK and Republic of Ireland (FRS 102} leff8Ctive 1 January 20151,. Financial Repong St8ThJard 102 The Financial Reporting standard applicable in the UK and Republc of Ireland, and the Companies Acl 21XK. The financial slalements have been prepared under the histcwical $1 convention with the exCEPt of investments which are induded al market Vae. INCOME All incoming resources are included wi the Siatement of Fnancial Adivities (SOFA) wh8n the chwity is legalty entrtled to the income after any perbmiance conditions have been rrl, the amounl Gan be measured reliabty and it is probable thal the income will be received. For donatnS lo be recognised charity wll have been nollfied of Ihe amounts and Ihe setUem8nl dale in writing. If there are condilKJns attached to the donati¢Jn and thi5 requires a level of performance before elltiuement can be obtained. then income is deferred until Ihose condrtw)ns are ftjlly met or the fuifilment of those condilions is vthhin Ihe nIrcl of the tharity. and il is probable that they will be fvlfilled. Don8ted facilities and donaled professional setryices are recognised wi income al their fair value when their economic benefil is probable. rt can be meaSUd reliabty and the charity has control over th8 ilem. Fair value 15 detemined on the basis of the value of the gifl to the Charity. For example the amount the charity would b8 wilh'ng to pay in the open markel for such facilities and services. A Corresponding amount is recognised in expendilure. No amounl is induded in the ffiancial ststemen15 ftjr volunteer bme in line wrth the SORP {FRS 102). Vvhere practr"catrAe, gifts in kind Oonateu for Uislnbulion io the beneficranes oi tne cnafity are Include in stock and donallons in the finanaal stalemenls upcm 1p1. Ir r( is impracticable lo assess the fa value al receipt or rf the Costs to undertake such a valuatlon outs%Eigh aThy trenefits, then the fair Value is recognised as a Component of donations when it is dk8tributed and 8n equNalonl amount recognised as charitable expenditure. Gtfts in kind donated for resale are Miduded al fair value. beng the expected proceeds from Sale les5 the expected cosls of sale. Where estimating the fair value is practicable upon receipt il Is recognised in stock and 'lneome from other trading activilies,. Upon sale, the value of Ihe st% is Charged againsl 'lncome from other trading activities, a1 the proceeds are recognised as 'Inme from other trading actiMlies'. Where it is Impractable lo fair value the rtem5 due to the volume of low value Items they are not re¢ogntsed In Ihe financial statemenls until they are sold. This income is recognised wilhin'lncome from olhertrading activilies,. Fixed asset gifts in kind are recognised th CeIVable and are induded al fair value. They are not deferred over the life of ihe asset. For legacies. en1itleEnt 15 the earfier of the charty being noiified of an iryendijg distribution or the legacy being receiveé. Al this point IncMe is recognised. On oc(8sion legacies will be notified lo the charity however it is not possible lo measure the amount expected lo be distributed. On these occasions, the legacy is Irealed as a corbtirvJenl asset and disdosed. Income from trading actiwts8s illdudes irKome eamed from fundraising events and trading 8Ctiwties to raise (unds for Ihe chaiity. Income is received in exthange fi)r Supplying goods and services In order lo raise funds and is reccJnised vthen enlitlement has Octue. Page 16 Lx>ntinued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended 31 March 2024 ACCOUNTING POLICIES- contifid INCOME The Charity receives various grants which are recognised at f81r value when the charity has entitlement after any pethmiance conditi$ have been mel. rt is probable thal the income will be received and the amount can be measured reli8bty. If entitlement is not n1 then Ihese amounts are deferred. Inve5trnent N)come is earned through holding assets for investment purposes such as shares. 11 includes dividends and interest. Wfftere il is not practicable to idenlfy inve5tmenl management costs incurred withln 8 scheme with reasonable accuraw the inveslment iome is reported nel of Ihese costs. It is inCded when the amount can be measured reliably. Interest and dividend ino)me is rec¢yJnised as the charity's right to receive payment bs established. EXPENDITURE All expendilure is accounted for on an accruals basis and has bn classified undei headings thal aggregale all costs related lo the category_ Expenditure is recognised Whe there is a legal or constructive obligation to make payments to third parties. it is probable that the seltlement will be required and the amount of the obligabon can be measured reknabty. 11 is categorised under the following headings: Costs of raising funds includes staff costs. malerials and travel expenses; Expenditure on charitable activities indudes staff costs and Oslley House costs., aTrJ Other expendilure represents Ihose items not falkng into the Catego above. Grants payable lo third parties are within the charitable objectwes. ere unconditional grants are offered. this is accrued as soon as the recipient 15 notified of the grant as this give5 rise to a reasonable expeclation that the recipienl will receive the grants. Support costs are those that assisl the of the Charity do not direct present ¢harilable 8ctivilies and indude office costs. govemance Costs. administrative payroll costs. They are incuffed directly in support of expenditure on the objects of the Chanty and include project management carried out at the vision Support Centre. Where support costs cannot be directty attributed to particular headings they have been allocated lo cost of raising funds aTrJ expenthture on charitable activities on a basi$ consistent th use of the resources. Fund-raising costs are those inCued in seeking volunlw conlJibuttins and do not include Ihe costs of éi5seminaling infoal) in support of the dritab activrfÉes. Grants offeied sU.e¢l lo condltkjns which have nol been mel at the year end dale a noted as a commitrnent but not accrued as expenditure. ALLOCATION AND APPORTIONMEMT OF COSTS Supporl costs comprise SIS for the runnng of the Charity kself as an organisalion. ere these ¢osts cannot be direcuy attributed lo any Speci heading they are apporlioned to govemanrk. Costs of charitable activib.es and cosls of generating fvnds. The apFOrtionmenl is based on Ihe lime and effort spent in Ihese areas. TANGIBLE FIXED ASSETS Depreciaticn is calculated so as to vKile off the cost of an asset. less its eslimaled residual value, over the useful eeonorric lrfe of that assel as follows". Freehold Property Planl and machinery 14% straight line 25% reducing balar@ Where donations are received for sp8ak equipment. the donatnn is included in income. Ihe asset is capitalised and depCiall0n is charged on the full anTr)unl. STOCKS Stocks are staled at the k)wer of cost and eslinated costs to cxsmplele and sell, aftei making due Page 17 conbnued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS. contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - Mntlnued STOCKS allDwance for obsolete slow moving items. Cost is calculated using the first-in, first-out method TAXATION The charity is an exempl charity bMlhin the meaning of SChede 3 of Ihe Charities Act 2011 and is considered to pass Ihe tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets the definitKJn of a tharitable company for UK corporation lax purposes. FUNDACCOUNTING Unreslrithd funds are availatle for use at the discretion of the Twstees in fvrtherance of the general objedives of the charity and which have not been designated lor he1 purposes. Des*Jnaled fvnds comprk%e unrestrirted fvnds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out the noles to th8 financial ststemenls. Restricterl funds are lunds whh are lo be used in accordance with speafic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cosl of raising and admlnislerrng such funds are charged against the specific fund. The aim an¢J use of each restrided fund is set out in the notes io the fina187 slalements. PENSION COSTS AND OTHER POST41ETIREMENT BENEFITS A group defined Contribut pension scheme is availab to bcth new and existing employees. INVESTMENTS Investments are recognised Initi'al at fair value whlch Is normalty t1 transaction pri exduding transaction costs. Subsequently. they are measured at fair value with Changes recognised in 'net gains l {k)sses) on investsnenls. in the SOFA rf the shares are publidy trade(1 or their fair value can otherwise be measu4 reuaDty. otner mvestsnents are measured at cost le55 Impathent. Current asset investments are short terrn highty liquid investments and are held 81 fair value. These Include cash on deposit and Cash equivalents wilh a maturity of less than one year. LEASING COMMITMENTS Assets aGquired under finance leases are capitalised and depreci81ed over the shorter of the lease term and the exrected usefijl life of Its asset. Minimum lease payments are apwrtion8d betsveen the ffinance charge and the dUd10n of Ihe outstanding ase liability u&ng the effeclive interest method. The related obligatic¥bs, nel of future finarKe charges. are induded in ctedilors. Rentals payable and receivable under Operati leases are charged to the SOFA on a straight line basis over the period of the lease. DEBTORS AND CREDITORS RECEIVABLE I PAYABLE VVITHIN ONE YEAR Debtors and creditors wf(h no staled inleresl rale and reNable or payable within one year are recorded al transaction pre. Any losses artsing from impairt a recogniqed In the profil and logs 8ecounl in other administrabve expenses. Page 18 conb'nued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- continued for th8 Year Ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donations Legacies - General Grants Donations- Osljey House Payroll Giving Monday Night Gro 53.Crf)7 176,342 277.867 38.W9 52.061 242.506 156,521 4,497 11 3.735 2,157 548,288 459.331 OTHER TRADING ACTivrriES 2024 2023 Appeals ¢knatlons Boxes stet and store collecth)ns Loose change appeal Weather fottery Miscellaneous fvndraising events Recycling commlssion Daity living aids sales Summer raffle Outside collections 4,500 1,665 6,103 1,654 1,959 11,359 450 154 1.547 35 15,226 3,713 2.051 578 6,523 13,049 1.528 1,618 35,732 38.148 INVESTMENT INCOME 2024 2023 Bank interest receivable Dividends received 20.649 45 9.674 121 20,694 9.795 Page 19 continued...
VISION SUPPORT BARROW & DISTrICT NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE ACTIVThIES 2024 2023 Activity Oslley House 05Uey House 0511ey House income Bungalow rentals 1.788.846 29,823 1,643,396 37.256 1.818.669 1.680.652 RAISING FUNDS RAISING DONATIONS 2024 2023 Staff costs Materials Travel expenses 15,707 1,066 425 12,927 836 492 17,198 14,255 OTHER TRADING AcnvrriES 2023 Opening stock Closlng stock Staff costs Advertising Sundries and cleaning Bank charges 3.875 (4.074) 24,013 1.974 1.525 4.544 13.8751 22,587 686 1,930 1.128 27,513 27,000 Ag9regale amounts 44,711 41,255 Page 20 conbnued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Grant fundlng of actlvltles (see note 8} Support costs ($¢6 notè 9) Dirgcl Costs Totals Costs of admini5tralion and Vision Support Centre Grants payable Oslley House Vision Support Team Children's Fund Daily living aids Eye Clinic Liaison Officer Activities and Sports for Cl*nts Monday Night Group Henry Smith Grant WAF Know Your Neighbourhood 83.980 289,152 373.132 66 1,619.028 22.394 15,027 10.163 9,896 7,538 2.420 27.755 13,621 2.510 1.570.817 15,173 14,994 10.163 8.866 48,211 7.221 33 1.030 7,538 2.420 27.2S4 12.145 2.510 501 1,476 1.748,322 355,162 2,103,550 GRANTS PAYABLE 2024 2023 Grants payable 528 SUPPORT COSTS Governance costs M•nagement Finance Totals Cosls of adminlstraiion and Vision Support Cenlre Ostley House Vision Support Team Children's FLtnd Eye CliniG Liaison Officer Activities and Sports for Clients Henry Smith Granl WAF 249.467 24,887 7.221 33 1,030 7.538 501 1.476 3.494 17.815 36,191 5,509 289,152 48.211 7.221 33 1.030 7,538 501 1,476 292,153 21.309 41,700 3S5,162 Page21 continued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continugd for Ihe Year Ended 31 March 2024 SUPPORT COSTS - contlnued Activity Managemenl Governance costs Basls of allocatlon Proportionale Usage Proportionate Usage 10. NET INCOMEIIEXPENDITUREI Net incomel{expendilu(e) is ststed after charging1(C drfing)= 2024 2023 Auditots, muneral AuditOfS' remuneration for non audit wo DepCiatiOn- owned assets Hire of p18nl and machinery Computer software amortisath'on 8,264 7.339 833 56,216 3,587 140 52.325 267 11. TRUSTEES. REMUNERATION AND BENEFITS There were no Trustees, remuneraknn or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES. EXPENSES There wer8 no Tru$tees' expenses paid for Ihe year erKled 31 March 2024 nor for the year ended 31 Marth 2023. During Ihe year. expenses amounting to £n We reimbursed lo Twslees (2023.. Nil). During the year. Mr$ V J Robinson. Ihe former Tr¢asurer. received honOlla of nil12023.. £1,fM)O). 12. STAFF COSTS 2024 2023 Wages and salaries Social securlty costs Olher pensK)n Gosl$ 1,413,380 114,564 23.228 1,311,531 97,819 29.019 1,551.172 1,438,369 The average nIhty number of erryknyees during the year was as folkM5: 2024 2023 54 Ostley House slaff Shop staff Aéfflinislr81ion staff Fund ralsing staff Vision Support Team staff 80 72 The majority of staff employed by the tharity work on a part lime basis. No employee receNed reneratIOn above £60.(MJ). Page 22 conlinued.,.
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- continued for Ihe Year Ended 31 March 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestri¢t8d Restrlcted fund8 funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 111.852 347.479 459.331 Charitable a¢tiviknes OSW House 1,680,652 1,680,652 Other trading activities Investment income 38,148 9.795 38,148 9.795 Total 1.840.447 347,479 2.187.926 EXPENDITURE ON Raising fvnds 41,228 27 41,255 Charitable activltles Costs of adminislralion and Vision Support Cenlre Grants payable Ostley House Vision Support Team Children's Fund Daity living aids Eye Clinlc Liaison Officer Activities and Sp$ lor Clients Monday Night Group Henry Smith Grant 134,172 1,146 1.521.886 36,602 45.093 179.265 1,146 1.525,420 53,539 15,113 13.197 11,529 8.864 3,830 28,000 3.534 16,937 15,113 13,197 11,529 6,049 3,830 28.000 2.815 Totsl 1.751.046 130.112 1.881.158 Nel gainslllossesl on invesltr*nts 121.3681 121.368) NET INCOME Trdnsler8 between funds 68.033 9.370 217.367 (9,3701 285.400 Net movement In funds 207.997 285,400 RECONCILIATION OF FUNDS Tclal funds brought forward 2.2.410 118,880 3,081,290 TOTAL FUNDS CARRIED FORWARD 3,039.813 326,877 3.366,690 Page 23 continued...
VISK)N SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 March 2024 14. INTANGIBLE FIXED ASSETS Computer COST At 1 April 2023 and 31 March 2024 1,069 AMORTISATION At 1 April 2023 Charge for year 267 Al 31 March 2024 407 NET BOOK VALUE Al 31 March 2024 662 At 31 March 2023 929 15. TANGIBLE FIXED ASSETS Freehold propety Plant and machinory Totsls COST At 1 April 2023 Additions 2.470,410 428.381 613,844 48,883 3.084,254 477.264 At 31 March 2024 2,898.791 882.727 3,561,518 DEPRECIATION At 1 April 2023 Charge for year 176.511 21.041 499.324 31.284 675.835 52.325 At 31 March 2024 197.552 530,608 728.160 NET BOOK VALUE At 31 March 2024 2.701.239 132.119 2,833.358 At 31 March 2023 2293,899 114.520 2,408,419 16. FIXED ASSET INVESTMENTS Llsled Unlisted Investm¢nts invgstments Totals MARKET VALUE Al 1 Apiil 2023 Additions Revaluations 176.997 50.OC() 1 5.989 100 177,097 50.000 15.989 Al 31 March 2024 242,986 100 243,086 NET BOOK VALUE At 31 March 2024 242.988 100 243,086 Al 31 March 2023 176,997 100 177,097 Page 24 continued...
SION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- conltnued for the Ygar EndBd 31 Mareh 2024 16. FIXED ASSET INVESTMENTS - ¢ontinued There were no Investrnenl assets outside the UK. Cost or ValUatK al 31 March 2024 is presented by.. Listed Unlisted invgstments Investments Totsls Valuallon in 2024 Cost 16,15n 249.143 16,157) 249.243 100 242.986 100 243.086 17. STOCKS 2024 2023 Oslley House stock Visbn Support Centre stock 885 4.074 607 3,875 4.959 4,482 18. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtots Piepaymenls and accrued Ir1n 8.217 10.837 17.642 5.444 15,293 36.69S 20.737 19. CURRENT ASSET INVESTMENTS 2024 2023 Charty Bank 432,913 524,451 Page 25 Continued...
VISION SUPPORT BARROW & DISTRKT NOTES TO THE FINANCIAL STATEMENTS- conunued for the Year Ended 31 March 2024 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade ¢reditor8 Social security and other taxes Other creditors Accruals and defefted income 44.605 23,568 19,573 78,449 12,811 21.213 5.889 74,681 166,195 114.594 21. LEASING AGREEMENTS Minimvm lease payments under non-canlIaLIe operaliig leases fall due as foll¢M'. 2024 2023 Wthin one year Been one and fve years In more than five years 6,969 16.256 22.395 19.151 6D6 23,22S 42,152 22. MOVEMENT IN FUNOS Net movement in funds Transfer8 between funds At 3113124 At 114123 Unrestrl¢led funds General fund Fixed assel fund New Lift Project 594.049 2.407.(K15 38,758 182.437 (52.600) 155.OD8) 479.615 138.7581 721,478 2.834,020 3.039.812 129.837 385.849 3,555,498 Restrlcted funds Children's Fund Ostley House Residents Amen1e$ Fund Henry Smith Charity funding for visi support officer Eye Clinic Llalson OffKer Activities for Clients Monday NightGroup Infection control granl Innovations Officer National Lottery Funding for vision support offir Lrfl Project Know Your NeighIr 10.493 2,850 13,923 4.495 4.484 8,979 9,465 77 2.107 770 15.538) 1263) 11,572 5,538 3.475 3.122 18,929 3,212 3.122 23,665 4,736 23,964 252.858 {2.904} 1 SO.984 4.048 21,060 11.875 4.048 {391,967) 326.878 161.274 {385,849) 102.303 TOTAL FUNDS 3.366.6 291,111 3,657.801 Page 26 conlinued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2024 22. MOVEMENT IN FUNDS - contInl Net movement in fwjds. included in the above are as folknvs.. Incoming resource8 Resour¢es Galns and Movernent gipendod losses In funds Unrestrlcled funds General fund Fixed asset fvnd 2,105.842 (1.939,394) {52,600) 15.989 182,437 (S2.0) 2.105.842 Restrlcled funds Children's Fund Ostley House Residents AmeneS Fund Henry Smith Chairty funding for vision support offir Eye Clinic Lkqison Officer Activities for Clients Monday N9h1 Group Innovations Officer National Lottery Funding for vision support offir Lift Project WAF Know Your Neighbour {1,991.994) 1S,989 129.837 18.457 (I5.f•TI 2,850 6.409 11,925) 4,484 33.800 11,814 2.000 2.157 20.1XX) {31.693) (11.044) 17.538) {2.420) 115.264) 2,107 770 15.5381 1263) 4.736 45.691 150.984 13.621 12.608 (48,595) {2.9041 150,984 (13.621) 18.560) 4,048 317,541 I1.287) 161,274 TOTAL FUTrKIS 2,423.383 (2.148.261) 15.989 291.111 Page 27 conlinued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 Mar¢h 2024 22. MOVEMENT W FUNDS - contlnued Comparatives lor movement In funds Nel movement in funds Transferg between funds At 3113123 Al 114122 Unrestrlcted funds Geneial fund Fixed asset fvnd Vision Support Centre New Lift Project 512,626 2.411.026 127,258 {56.3561 (2.870) 145.835) 52.335 2.B70 594.049 2.407.(K)5 38.758 38,758 2,962,410 68,032 9.370 3,039.812 Restrlcted funds Children's Fund Oslley House Residents Amenili85 Fund Henry Smllh Charty funding for vision support officer Eye Cllnic Liaison Officer Activities for Cllenls Monday Night Group Infection control granl Innovations Officer National Lottery Funding kjr 810n support officer Lift Project 11,427 (1.024) 10,493 2,616 2,943 4,495 8.404 32 1.061 903 7.538 {951 9,465 77 18581 {7,5381 3,570 3.122 15,866 3,475 3,122 18,929 3,063 22,135 51,708 1,829 201.150 23,964 252,858 118.880 217.368 (9,370) 326,878 TOTAL FUNDS 3.081.290 285.400 3,366.6 Page 28 continued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS- conttnued for the Year Ended 31 March 2024 21 MOVEMENT IN FUNDS - Continued Comparative nel nb)vement in funds, induded in Ihe above are as follcy•ts: Incomlng resources Resources expended Gains and Movement losses In fund8 Unre¥trict8d funds General fund Ftxed asset fund Vision Support Centre 1,840,447 (1.691,821) {56,356) 12,870) (21.368) 127,258 156.3561 12,8701 1.840,447 (1.751.047) 121.368> 68,032 Re$tri¢ted funds Chlldren's Fund Ostley Hcw8e Residents Amenities Fund Henry Smith Charity funding for vision support offlcer Eye Clinic Liaison Officer ActNilies for Clients Monday Nighl Group Innovations Offir National Lottery FUling for vision support officer Lift Project 14.140 (15.164) {1.024) 4.4 11.553) 2,943 (31.938) (11.529) (6,049) (3.830) {16.937) 1,061 903 7,538 (951 3.063 12.432 13.587 3,735 20,0(M) 44,940 201.150 (43.111) 1.829 201.150 347,479 (130.111) 217,368 TOTAL FUNDS 2.187.926 (1.881,158) (21,368} 285.4C() 23. RELATED PARTY DISCLOSURES There were no rebled paty transactions for the year ended 31 MarGh 2024. 24. PURPOSES OF DESIGNATED FUNDS Fixed asset fund The fixed assets fund has been set up to assist in ident.j th)se fijnds that are nol free fvnds and il repsents the net book value of tarrfjible )Ixed assets. less reLgled liabililies. New Ilft project fund The new lift project fund has been sel up to designate funds towards Ihe new 1.ft prq'ecl, for the Con$tntn of a new fire slretcher lrft at Ostley House. which the Charity is fundraising for. Page 29 conthnued...
VISION SUPPORT BARROW & DISTRICT NOTES TO THE FINANCIAL STATEMENTS - confjnued for the Year Ended 31 March 2024 25. PURPOSES OF RESTRICTED FUNDS Children & Young People Project The Children & Young People Project fund represents the reslricied 8mounl received which has been set aside for supporting chiklren and young pecyle. 08lley House Residents Amenlty Fund The Oslley House Resldents Amenity Fund represents the re5trthd amounl rec8t¥ed whtch has been Set aside for the prowsion amen[t5 for the reydents of Osuey House. Vl$lon Support Officer Our Vision Supwrt offic[S are funded from restsicted grants. The Nakn'onal Lottery and Henry Srnith Ch8rity are the funders that suppori this proje¢L Eye Cllent Llalson Offlcer The Eye Client Liason Officer fund represents Ihe restricted armunt reeeNed which has been sel aside for the proMOn of a liaison offi[ to aid the visually impaired people in the lo(xl hospilal. Activiti0$ for Vlsualty Impalred People The Activities for Clients fijnd represents the restricted amounl received which has been Sel aside for ihe provision of attivilies and equipmenl for visualty impaired people. Monday Night Group The Monday Nighl Grp fund represents Ihe restricted amount received whlch has been sel aside for acbvilies 8nd entertainment fiy visualty impaired people. Exlgllng Ilft project The existing lift project nd represents the restiided amount tewved for repairs to the existing Ilft. Infeellon Control Grant This (und Is to support care faclitses with ts costs of additional prc¢edures to prevent inÈctious ¢Jiseases from spreading. InnovoUon8 Officer This projed is to supwrt Msualty impaired people wth devebpments vi tethnokjgy. Know your Nelghbour This project is to tsckie loneliness across England lo connect olners Iwthln the community. Page 30
VISION SUPPORT BARROW & DISTRICT DETAILED STATEMETrif OF FINANCIAL ACTIVITES for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlong and legacios Donations Legacies - General Grants Donalions- Ostley HLwse Payroll Giwng Monday Night Group 53,007 176.342 277.867 38.909 52.061 242,506 156,521 4.497 2,157 3.735 548,288 459.331 Other tradlng actl¥itie8 Appeals donations Boxes Street and store colecttons Loose change appeal Weather lottery Miscellaneous fundraising events Recycling commisOn Daity living aids sales Summer raffle Oulslde collections 4,500 1.665 6,103 1,854 1,959 11.359 450 154 1.547 35 15.226 3,713 2.051 578 6,523 168 13.049 1,528 1.618 35.732 38.148 Inveslment in¢ome Bank Inte$t receiv8bl8 DNidend8 received 20.649 45 9,674 121 20,694 9.795 Charftablp actlvltles Ostley House Incorne Bungalow rentals 1.788,846 29.823 1.643,396 37,256 1,818,669 1,680,652 Total Incoming resources 2,423,383 2.187.926 EXPENDITURE R•lslng donation$ Wages Soclal security Pensions Materials Travel expenses 14,870 607 230 1.066 425 12,285 461 181 836 492 17,198 14.255 This page nol fomi part of the statutory ffinanaal statements Page 31
VISION SUPPORT BARROW & DISTRICT DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024 2024 2023 Ra151ng donatlons other tradlng activltle8 Opening stock Wages Social securty Pensiorss Advertising Sundries and deanir Bank charges Closing stk 3.875 22.499 1,161 353 1,974 1,525 200 {4,074) 21,190 1.087 310 1.930 1.128 (3,875> 27,513 27.C(10 Charitable a¢tivltles Wages Social security Penslons Rales and water Insurance Light and heal Telephone Postsge and ststitsnery Sundries Opening stock Purchase of provisions Closing stock Laundry equipment rental Repairs and decooling Training allowance Daily living aids Mfir818ss and talking equpment Socials and outings Legal and professional fees NewslapÈ expenses Monday Night Group Ostley House expenditure Plant and machinery Grants to individuals 1.218.222 91.818 21,258 21.017 18.043 108,462 6,101 3.266 44.625 607 72.707 18851 26.043 54.416 517 10,163 25 9,549 4.470 621 2,420 3,566 31,291 66 1.133.823 84,684 20,351 16.408 13,379 47,632 2,841 751 39,421 1,149 60,715 {6071 21,178 32,675 446 13,197 25 4,513 7.161 756 3.830 2.617 35,174 528 1,748,388 1.542,447 Support ¢osts Management Wages Social security Pensions Hire of plant and mathinery R8tes and water Insurance Light and heat Telephone Carried fornard 157,789 20,978 1.387 144,233 11,587 8,177 3,587 1,430 6,732 5,042 4,180 184,968 1,916 3,033 1BS.792 This page does not lo part of the stslutory finanraal statements Page 32
VISION SUPPORT BARROW & DISTRICT DETAILED STATEMENT OF FINANCIAL ACTMTIES for the Year Ended 31 March 2024 2024 2023 Management Brought foM8rd Postage and stalionery Sundries Repairs & renewals Travelling expenses Computer maintenance Cleaning Training Socl8ls and outin95 Exhibitions & events Grant monitoring & evahjation 185.792 6.152 13.017 37.634 13.277 7.544 1.360 13,993 937 224 12.223 184,968 13,524 6,939 4,814 8,173 7.OS8 433 6,754 593 7.381 292,153 241.443 Flnan¢• Computer software FreehL)Id propety 267 21,042 140 21.042 21.309 21.182 Govemance costs Auditors, remuneration Auditors, remuneration for rxin audit work Bank charges Legal and professional fees 8.264 7.339 833 1,687 24,972 5,509 27.927 41,7(X) 34,831 Total resources expen(ied 2.148.281 1.881,158 Net In¢om8 before galns and l¢)sses 275.122 306.768 Reallsed rttognlsed galn8 and losses Realised gainslllo55esl on fixed asset investments 15.989 121.3681 Netlncome 291,111 285.400 This page does rt fonn part of the statutory financial Statements Page 33