Registered number: 03554422
Charity number: 1069765
SOUTHEND IN SIGHT
(A company limited by guarantee)
(Formerly Southend on Sea Blind Welfare Organisation)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
VINTp/MS

SOUTHEND IN SIGHT
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company* its Trustees and advisers
Trustees, report
3-10
Independent examiner's report
Statement of financial activities
13-14
Balance sheet
15-16
Notes to the flnancial statements
17-36

SOUTHEND IN SIGHT
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
R O Cable, Chairman
S Cooper, Vice Chairman
J A Davenport
S Davies
C L McLewin
D E Wacogne
P G Warburton, Secretary
P J Hefferan (appointed 6 March 2024)
Company registered number
03554422
Charity registered number
1069765
Registered office
Millhouse
32-38 East Street
Rochford
Essex
SS4 1DB
Company secretary
P G Warburton
Chief executive officer
L Martin
Accountants
Venthams
Chartered Accountants
Millhouse
32 - 38 East Street
Rochford
Essex
SS41DB
Bankers
HSBC Bank PLC
48 High Street
Rayleigh
Essex
SS6 7JH
Page 1

SOUTHEND IN SIGHT
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investment managers
Evelyn Partners
16th & 17th Floor
6 New Street Square
New Fetter Lane
London
EC4A 3BF
Page 2

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the Company for the 1 April
2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a Directors, report
under company law. The Trustees confirm that the Annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable companys
governing document and the provisions of the Statemenl of Recommended Practice {SORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report
required of medium and large companies under the Companies Act 2006 (Strategic Reporl and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objectives of the charity are=
To support and offer practical help to visually impaired people and their families in Southend-on-sea and the
adjoining areas
To develop other charitable activities that are conducive or ancillary to these objects.
The charity has a general aim of providing practical help to visually impaired people in the general area of
Southend.
Southend in Sight Centre.. The Centre offers people with sight problems a chance to try out a large range of
specialist equipment including CCTV magnifiers, talking books players, task lighting and many other aids to
support independent living. This equipment is demonstrated by a team of staff and volunteers and a Tech Team
give specialist advice on i-pads, tablets and mobile phones. Assistance has also been provided for people
needing forms f1I1ed in for Attendance Allowance, PIP and Blue Badges. A new assessment tool has been
introduced called the Sight Loss MOT which enables the Sight Loss Advisor to work with people more holistically
looking at how their sight loss has impacted different areas of their life ie. Work, educalion, getting out and
about, managing at home and f1nances. A project with Cadent has also enabled the team to offer advice on
energy saving during the cost-of-living crisis.
Hospital Services.. An Eye Clinic Liaison Officer (ECLO) is employed partly through RNIB and the Mid and South
Essex Hospital Trust to provide full time support at Southend Hospital Eye Clinic for those patients who are in the
early days of their sight loss journey. The ECLO helps with processing Certificates of Visual Impairment and
provides the necessary emotional support in the difficult early days. They will also sign post to other services
and make referrals as necessary.
Social Activities and Talk and Support.. Social activities remain popular as people living with sight loss can
experience feelings of isolation. Coffee mornings and a Fun Friday session, with entertainment, are run once a
month at a local social club. Weekly ten pin bowling sessions have continued in Hockley and are well attended.
The newer activities including a talking books club, line dancing, and a choir have been well attended. The Talk
and Support Service continues to be supported by 11 volunteers and helps reduce isolation for people who can
feel lonely living with sight loss.
Support for children, young people and their families continues with social gatherings offered during the year
including a subsidised trip to the pantomime at the Cliffs Pavilion. New activities have been introduced including
bowling, horse riding and Animal Encounters session. All of our sight loss services are available to children,
young people and their families and any requests for support are dealt with on an individual basis.
Information and Training-. The organisation gives timely information, advice and guidance on all areas of sight
loss. The equipment loan scheme continues to run and gives people the opportunity to borrow expensive items
Page 3

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities (continued)
such as CCTVS. Sight Loss Awareness Training has also been available for local groups and organisations in
Southend. Guiding Training has also been offered to new staff and volunteers to give them the necessary skills
to guide service users at events, activities and on site.
b. Activities undertaken to achieve objectives
The strategies employed to achieve the charity's objectives are..
1. To promote the Centre and services to all visually impaired people in the area and offer the Sight Loss MOT
tool to assist in providing full support in all aspects of life.
2. To offer a range of activities so that visually impaired people have the chance to gain from experiences and
meet others in the same position.
3. To provide opportunities for clients to engage in activities to reduce isolation.
4. To provide opportunities to try equipment that may help visually impaired people to continue an independent
life in their own homes including advice on accessing IT. A newslelter is also produced four times a year
providing information on a range of areas relevant to members.
5. To train and support volunteers to assist and support visually impaired clients and encourage peer support.
This involves recruiting volunteers who have experience of living with sight loss.
6. To present a range of activities and opportunities which are both popular wth the membership and respond
to their requests and needs.
7. To support the ECLO service at Southend Hospital Eye Clinic to help people in the early stages of sight loss
navigate their way around services and secure funding to sustain the service.
8. To offer volunteering opportunities to the local community for the benefit of members.
9. To build a relationship with local families who have visually impaired children, promote the Charity and meet
regularly.
c. Volunteers
The Charity is grateful for the invaluable efforts of its volunteers who are involved in service delivery, charity
shops and fundraising.
There are approximately 75 active volunteers, and some are visually impaired themselves. The visually impaired
volunteers are extremely well placed to support others in the same boat and this peer support is extremely
valuable.
Volunteers working with service users have been given Guiding Training and volunteers are held in high regard
at the charity. They are given long service awards and meet four times during the year for information sessions
and celebrations.
Page 4

SOUTHEND IN SIGHT
(A company limited by guarantea)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities {contlnued)
d. Main activities undertaken to furth6r the Company's purposes for the public benefit
The Trustees are mindful of their duty under section 17 of the Charities Act 2011 to have due regard to the
Charity Commission's general guidance on public benefit. The objectives and activities of Southend in Sight
focus on delivering services to aid the visually impaired in their daily living and are undertaken to further our
charitable purposes for the public benefit.
Achievements and performance
a. Key performance indicators
Budgets are set annually, and meetings are held with Trustees on a quarterly basis to monitor budgets against
forecasts.
Southend in Sight has support from the Trustees and financial statements are produced regularly to manage the
finances effectively, and take action if necessary.
b. Review of activities
The charity has continued to offer high quality and professional advice to those needing support managing sight
loss. They have..
Provided 1.486 sessions of support at our Centre and supported 486 individuals on their sight loss journey.
welcomed 180 new individuals to the Charity.
helped 25 people with form filling over 32 face to face sessions and supported 85 individuals with over 115
face to face sessions of Tech support.
carried out 35 Sight Loss MOTS and held 32 drop in advice sessions with peer support.
At Southend Hospital Eye Clinic our Eye Clinic Liaison Officer has supported those in the early days of their
diagnosis with emotional and practical advice. During the year they have=
helped 1,078 patients with support and guidance and held 1,783 sessions of support.
supported 651 relatives I carers and processed 192 Certificates of Visual Impairment.
For those who could be feeling isolated a range of activities have been on offer including bowling, book club,
choir, line dancing, coffee mornings and Fun Fridays. The Talk and Support service also continued. supported by
11 volunteers and attendance at events for children and families has improved. During the year they have..
provided 82 activities for adults and held 33 bowling sessions.
offered 5 children's events including a trip to the Pantomime at the Cliffs Pavilion.
carried out 16 home visits to those who are housebound and made 1,787 Talk and Support calls to offer a
lifeline lo those who are feeling isolated.
Page 5

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
c. Fundraising
Grants have been received through a number of large national and local funding organisations and programmes.
Generous support has been received from local groups, clubs and organisations.
A number of legacies and gifts in memory have also been gratefully received.
The Charity Shop, which is run by Southend Vision Trading Ltd, continues to be very popular and is open six
days per week. Income (after expenses) this year was £46,233 which was donated to the Charity.
d. Investment policy and performance
The Articles of Association give the Trustees unrestricted powers to invest the funds as they see fil. Evelyn
Partners (formerly Tilney Asset Management Services Ltd.), continue the management of funds on a medium
risk basis. The investment performance of the fund manager is benchmarked against the WM Unconstrained
Index.
Investments are managed on a medium risk basis with emphasis on an above average level of income and the
growth of that income.
This will be achieved primarily through inveslment in a combination of bonds and higher income equities. The
aim will be to achieve returns through a combination of capila5 appreciation and income received.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopl
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
b. Reserves policy
The reserves policy continues to be the maintenance of sufficient reserves to continue the existing services, and
protect the future needs of the charity. The Board have considered..
Financial Risk
The risk of reduced income due to intermittent grant funding.
The risk of unplanned events ie. increase in energy prices.
The unpredictable and unprecedented time for communily fundraising including charity shop sales.
Ceasing to operate
The cost of winding up the Charity should it cease to operate.
Infrastructure
The investment needed to maintain the building to run the Charity from and to bring certain areas up to required
Page 6

SOUTHEND IN SIGHT
(A company l?mited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
standards.
The investigation into an additional or new site to further develop and grow the Charity.
Strategic Direction
The future direction of the charity to meet the changing needs of the local visually impaired community.
The opportunity to invest in I seed new projects to meet growing needs and increase funding.
The long-term plan to bring activities together under one roof at an additional or new site.
Reserves breakdown
Unrestricted Funds..
These are income or income funds which can be spent at the discretion of the Trustees in furtherance of any of
the charity's objects. If part of an unrestricted income fund is earmarked for a particular project it may be
designated as a separate fund, but the designation is administrative only and does not restrict the Trustees,
discretion to spend the fund. After allocating an amount to a Designated Fund, the amount of Unrestricted
General Funds at 31 sl March 2024, were £834,033. Of that figure, £503,935 is represented by fixed assets so
free reserves at 31 st March 2024 total £330,098. The Trustees consider this to be adequate working capital to
run the day-to-day affairs of the Charity.
Designated Funds..
These are part of the Unrestricted Funds which The Trustees have earmarked for particular projects, without
restricting or committing the funds legally. At 31 st March 2024 these amounl to £849,202, and represent an
estimate of essential works to be undertaken at the property at 117 Hamlet Court Road of £250,000, in order to
bring it into a good state of repair, and the anticipated cost of purchasing an additional property in the amount of
£650,000, less expenditure incurred for the essential works to 31 st March 2024. Sorrells, Chartered Surveyors,
have been retained to identify suitable properties.
Restricted Funds..
These are funds subject to specific trusts, which may be declared by the donors or created through legal
process. At 31 st March 2024 these stood at £38,896.
c. Financial risk management objectives and policies
The results are set out in the summary°income and expenditure. and show a deficit for the year of £6,873.
The Trustees consider that the assets of the Charity are adequate to fulfil its obligations for the foreseeable
future.
d. Principal funding
The principal funding sources of the charity are grants, legacies, donations, and the proceeds of shop sales from
our shop in Hamlet Court Road.
Structure, governance and management
a. Constitution
Page 7

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structurei governance and management {continued)
The company is registered as a charitable company limiled by guarantee, Mth a company number of 03554422.
The company is constituted under a Memorandum of Association dated 28 April 1998 and has a registered
charity number of 1069765.
The principal objecl of Ihe company is to offer support and practical help to visually impaired and blind persons
and their families in Southend-on-sea. Essex, and the adjoining areas.
b. Methods of appointment or election of Trustees
As set out in the Articles of Association, one-third of the Trustees retire by rotation at every Annual General
Meeting. Subject to Ihe provisions of the Act, the trustees to retire by rotation shall be those who have been
longest in office since their last appointment or re appointment. If the Charity, at the meeting at which a trustee
retires by rotation, does nol fill the vacancy, the retiring trustee shall, if willing to act, be deemed to have been re-
appointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution or the re-appointment
of the trustee is put to the meeting and lost. New Trustees are appointed who have the relevant knowledge and
experience to act for the Charity.
c. Organisational structure and decision-making policies
The number of Trustees must not be less than three (unless otherwise determined by ordinary resolution) but
shall not be subject to any maximum number. The Board of Trustees administers the charity and meets bi-
monthly to discuss development, membership, finance and operations. A Chief Executive Officer is appointed
by the trustees to manage the day-to-day operations of the Charity to facilitate effective operation,- the Chief
Executive Officer has delegated authority, within the terms of delegation approved by the Trustees, for
operational matters including certain financial matters, employment and community services activities.
d. Policies adopted for the induction and training of Trustees
New Trustees undergo orientation and are briefed on their legal obligations under the Charity and Company Law,
the content of the Memorandum and Articles of Association, the decision-taking processes, business plan and
recent financial performance of the charity. During induction they meet key employees and other trustees.
Trustees are encouraged to attend appropriate external training events which will facilitate the undertaking of
their role.
e. Related party relationships
The Charity works with the local talking newspapers and ensures that their newsletters are recorded and put
on to CD. They work with Southend City Council Social Care, Age Concern, SAVS, RNIB, Guide Dogs,
Visionary, the Macular Society and other related voluntary sector organisations.
The charity owns a subsidiary company called Southend Vision Trading Limited that operates a charity shop.
f. Financial risk management
The trustees have a risk management strategy which comprises-.
An annual view of the risks that the charity may face. reviewed quarterly
The establishment of systems and procedures to mitigate those risks.
The implementation of procedures designed to minimise any potential impact on the charity should those
risks materialise.
Page 8

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structuro, governance and management {continued)
Plans for future periods
The following prlorities are agreed as the Charity plans for the future:
1. No one faces sight loss unsupported.
Offer a service that is professional, timely, personalised and a positive experience.
Provide support in all areas of life that have been affected by sight loss through our MOT tool.
Enable people to learn from others, share ideas and gain confidence in using tech and other equipment that
supports independence.
2. No one faces sight loss alone.
Offer a range of activities that suil different ages and interests to reduce social isolation.
Provide people with opportunities to mix with peers, talk to volunteers and staff either in person or over the
phone.
To use our learning and gain evidence to develop plans for a space to house social activities and other services
under one roof.
3. We are inclusive and available to all.
All aspects of our services can be accessed and utilised, regardless of age, gender, social or ethnic background.
We are committed to a positive environment in which users of our service, volunteers, employees and trustees
may experience a sense of belonging, respect and worth.
Services are available to adults, children, young people, their families I carers and we are committed to
safeguarding people engaging with us.
4. Our finance, resources and infrastructure meet the growing need.
Financial commitments are met with agreed income targets through grant funding, community fundraising and
our charity shop.
Our building is maintained and safe.
Risks are managed and mitigated against (new site, IT, health and safety, investments, funding, staffing I
volunteer levels etc).
A programme is in place for continued professional development and succession planning.
Growth areas for funding are identified to meet the increase in demand Dn services.
Page 9

SOUTHEND IN SIGHT
(A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial slatements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles of the Charilies SORP {FRS 102)
make judgments and accounting estimates thal are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any lime Ihe financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved b der of the members of the board of Trustees and signed on their behalf by..
ar
(TrustJ)
Date: ?04L
Page 10

SOUTHEND IN SIGHT
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's report to the Trustees of Southend in Sight {'the Company,)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the Companls
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act.
Independent examlnerfs statament
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of The Association of Chartered Certrfied Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.
or
the accounts do not accord with those records- or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Page11

SOUTHEND IN SIGHT
(A company Itmited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
This report is made solely to the Companls Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the CoMpan￿S
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Company and the Company's Trustees as a body, for my work or for this report.
Signed=
Dated.. 30
ZoZ*
Trevor Mccarthy
Venthams
Chartered Accountants
Millhouse
32 38 East Street
Rochford
Essex
SS41DB
FCCA
Page12

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SOUTHEND IN SIGHT
{A company limited by guarantee)
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
nvestments
14
503,934
506, 495
15
503,935
506,496
Current assets
Debtors
Investments
Cash at bank and in hand
16
33,977
270,568
963,415
8,336
48,031
1,216,609
1,267,960
1,272,976
Creditors.. amounts falling due within one
year
(26,084)
(26, 788)
Net current assets
1,241,876
1,246, 188
Total assets less current liabilities
1,745,811
1, 752,684
Total net assets
1,745,811
1, 752, 684
Charity funds
Restricted funds
Unrestricted funds
19
38,896
36,368
Designated funds
General funds
Revaluation reserve
19
849,202
834,033
23,680
900,900
810,471
5,845
19
Total unrestricted funds
1,706,915
1,716,316
Total funds
1,745,811
1, 752, 684
Page15

SOUTHEND IN SIGHT
(A company limited by guarantee)
BALANCE SHEET {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for Ihe year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financi
tements were approved and authorised for issue by the Trustees and signed on their behalf by=
rton
(Trusteel
Date. u) Q oakn- 4-
Page 16

SOUTHEND IN SIGHT
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Southend in Sight meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
Consolidated financial statements have not been prepared due to the investment in the subsidiary
being immaterial to the financial statement as a whole.
1.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when il is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
Company, can be reliably measured.
Grarlts are included in the Statement of financial aclivities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income from charitable activities relates to care home fess receivable. Income is recognised as and
when invoices are raised for services provided
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page17

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivity. 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 attribulable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocaled on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Interest receivable
Income from interest, royalties and dividends is recognised when its receipt is probable and the
amount receivable can be measured reliably.
1.5 Taxation
The Company is considered to pass the tests set oul in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £400 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible f1xed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Page 18

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.6 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following bases=
Freehold property
Plant and machinery
Office equipment
not depreciated
12.5°/o reducing balance
100/0 reducing balance
The market values of the freehold properties are considered to be in excess of the book values held
in the financial statements, therefore charging depreciaiton on these properties is nol considered
appropriate.
1.7 Investments
Current asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses) on
investments, in the Statement of financial activities.
Investmenls in subsidiaries are valued at cost less provision for impairment.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligalion at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
1.11 Financlal instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with Ihe exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page 19

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.12 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
1.13 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objeclives of the Company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
General information
Soulhend in Sight previously operating as Southend-on-sea Blind Welfare Organiation, is a charitable
company limited by guarantee. The members of the company are those recorded in the register of
members of the company. In the event of the company being wound up, the liability in respcet of the
guarantee is limited to £10 per member of the company.
The company is registered in England and Wales. The company's registered office address is Millhouse,
32-38 East Street, Rochford, Essex, SS4 1 DB.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Legacies
Grants
92,683
25,000
35,000
93,196
185,879
25,000
35,000
227,469
18,863
500
Total 2024
152,683
93,196
245,879
246,832
Total 2923
131,560
115,272
246, 832
Page 20

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Community services
Residential home
4,095
4,095
3, 794
(3,206)
Total 2024
4,095
4,095
588
Total 2023
588
588
Following the closure of Ihe Residential home, all residential home income is now shown as a
discontinued operation in the Statement of Financial Activities.
Income from other trading activities
Incom6 from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Charity operaling income
35,645
35,645
29, 737
Total 2023
29, 737
29,737
Page 21

SOUTHEND IN SIGHT
(A company limited by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Income from listed investments
Investment income - local cash
1,086
28,222
1,086
28.222
680
5.159
29,308
29,308
5,839
Total 2023
5, 839
5, 839
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
fvnds
2023
Fundraising
2,527
2,527
3,225
Total 2023
3,225
3,225
Fundralslng trading expenses
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Training
Cost of Equipment Sales
584
11,519
620
1,204
11,519
180
5,495
Total 2024
12,103
620
12,723
5,675
Total 2023
5,675
5,675
Page 22

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds (continued)
Investment management costs
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
PortFolio Management
467
467
505
Total 2023
505
505
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Community services
Residential home
239,098
90,048
329,146
283, 722
21,592
239,098
90,048
329,146
305,314
Total 2023
197, 132
108,182
305,314
Following the closure of the Residential home, all residential home income is now shown as a
discontinued operation in the Statement of Financial Activities.
Page 23

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable activities (continued)
Summary by expenditure type
Staff costs Other costs
2024
2024
Total
2024
Total
2023
Community services
Residential home
169,909
159,237
329,146
283, 722
21,592
169,909
159,237
329,146
305,314
Total 2023
153, 745
151,569
305,314
10. Analysis of expendlture by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Community services
Residential home
278,593
50,553
329,146
283, 722
21,592
278,593
50,553
329,146
305,314
Total 2023
243,412
61,902
305,314
Page 24

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Analysis of expenditure by activities (continued)
Analysis of dTrect costs
Community Residential
services
home
2024
2024
Total
funds
2024
Total
fvnds
2023
Staff costs
Premises costs
Social events and newsletters
Volunteers, expenses
Depreciation of tangible fixed assets
Sundry
Legal and professional fees
Loss on disposal of tangible fixed assets
169,909
79,637
11,163
1,004
1,537
416
169,909
79,637
11,163
1,004
1,537
416
153.745
76,093
10,230
1,685
1,659
12,855
2,072
12,855
2,072
278,593
278,593
243,412
Total 2025
226, 137
17,275
243,412
Page 25

SOUTHEND IN SIGHT
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Analysis of expenditure by activlties (continued)
Analysis of support costs
Community Residential
services
home
2024
2024
Total
funds
2024
Total
funds
2023
Subscriptions
Telephone
Postage and stationery
Advertising
Accountancy
Travel and subsistence
Sundry
Bank charges
Loan interest
Legal and professional fees
Independent Examiner's l Auditor's
remuneralion
483
483
466
2,559
4,680
9,934
22,104
402
247
4,171
2,559
4,680
9,934
22,104
402
2,527
6,463
2, 574
22, 262
406
247
150
4.171
3,460
15,386
4, 728
2,493
2,493
3,480
3,480
3,480
50,553
50,553
61,902
Total 2023
57,585
4,317
61,902
11. Independent examiner's remuneration
2024
2023
Fees payable to the Company's independent examiner for the independent
examination of the Companvs annual accounts.
3,480
3,480
Page 26

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
160,185
6,806
2,918
143,478
7,168
3,099
169,909
153, 745
The average number of persons employed by the Company during the year was as follows:
2024
No.
2023
No.
Direct Charitable work
Administration and governance
11
10
No employee received remuneration amounting to more than £60,000 in either year.
13. Trustees. remuneration and expenses
The Trustees did not receive any remuneration or other benefits during the year (2023- £Nil).
The Trustees were not reimbursed or paid directly any expenses during the year {2023- £10).
Page 27

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Tangible fixed assets
Freehold Plant and
Office
property machinery equipment
Total
Cost or valuation
At 1 April 2023
Additions
491,698
5,298
28,046
1,048
(6,050)
525,042
1,048
{9,009)
Disposals
{2,959)
Al 31 March 2024
491,698
2,339
23,044
517,081
Depreclation
At 1 April 2023
Charge for the year
On disposals
4,077
153
14,470
1,384
(4.456)
18,547
1,537
(6,937)
{2,481)
At 31 March 2024
1.749
11,398
13,147
Net book value
At 31 March 2024
491,698
590
11,646
503,934
At 31 March 2023
491,698
1,221
13,576
506,495
Page 28

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Fixed asset investments
Investments
in
subsidiary
companies
Cost or valuation
At 1 April 2023
Al 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
16. Debtors
2024
2023
Due within one year
Other debtors
Prepayments and accrued income
260
843
33,717
7,493
33,977
8,336
Page 29

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Current asset investments
2024
2023
Listed investments
270,568
48,031
18.
Creditors: Amounts falling due within one year
2024
2023
Trade credilors
Other taxalion and social security
Other creditors
Accruals and deferred income
10,713
3,489
5,138
6,744
12,521
2, 636
5,019
6,612
26,084
26, 788
Page 30

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
Designated funds
Property Development
900,000
{50,798)
849,202
General funds
General Funds
Revaluation reserve
810,471
5,845
221,731
(203,397)
5,228
17,835
834,033
23,680
816,316
221,731
(203,397)
23,063
857,713
Total Unrestricted funds
1.716,316
221,731
(254.195)
23,063
1.706,915
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Restricted funds
Centre & Club room
refurbishment
Eye Clinic Liaison Officer
Essex Community Foundation -
Running Costs
Community investment board
Essex Community Foundation -
NHS
32,929
(32,929)
1,334
9,590
(1,334)
(6,292)
3,298
145
(145)
{38,866)
(11,102)
Lottery
Masons
21,132
4,167
40,424
10,000
9,843
22,690
3,065
9,843
Will Charitable Trust
36,368
93,196
(90,668)
38,896
Page 31

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of funds {continued)
Statement of funds - prior year
Balance al
31 March
2023
8alance a
l April 2022
Transfers
in/oul
Gain
(Losses)
Income Expenditure
Unrestrlcted
funds
Designated
funds
Property
Development
900, 000
900, 000
General funds
General Funds
Revaluation
reserve
1,065,916
167, 724
(206,537) (900, 000)
683,368
810,471
6,363
(518)
5,845
1,072,279
167, 724
(206, 537) (900, 000)
682, 850
816,316
Total
Unrestricted
funds
1,072,279
167, 724
(206, 537)
682,850
1,716,316
Page 32

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of funds (continued)
Balance al
31 March
2023
Balance al
1 April 2022
Transfers
in/oul
Gains/
(Losses)
Income Expenditure
Restricted
funds
Eye Clinic
Liaison Officer
Essex
Community
Foundation
Running Costs
Community
investment
board
32,928
(32, 928)
8, 000
(6,666)
1,334
9, 590
9,590
Essex
Community
Foundation
NHS
Lottery
Masons
Screwfix
Will Charitable
Trust
2,575
16,239
4,167
826
4,000
50, 753
10,000
{6,430)
(45,860)
(10,000)
(826)
145
21,132
4,167
5,471
(5,471)
29,278
115,271
(108, 181)
36,368
Page 33

SOUTHEND IN SIGHT
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Summary of funds
Summary of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Designated funds
General funds
Restricted funds
900,000
816,316
36,368
(50,798}
{203,397)
(90,668)
849,202
857,713
38,896
221,731
93,196
23,063
1.752,684
314,927
(344,863)
23,063
1,745,811
Summary of funds - prior year
Balance a
31 March
2023
Balance al
l April 2022
Transfers
in/ouf
Gains/
(Losses)
Income Expenditure
Designated
funds
General funds
900,000
(900, 000)
900, 000
816,316
36,368
1,072,279
29,278
167,724
115,271
(206, 537)
(108,181)
682,850
Restricted funds
1,101,557
282,995
(314,718)
682,850
1, 752,684
21. Analysls of net assets between funds
Analysis of net assets between funds - current period
Unrestrlcted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
503,934
503,934
1,229,064
(26,084)
38,896
1,267,960
(26,084)
Total
1,706,915
38,896
1,745,811
Page 34

SOUTHEND IN SIGHT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due wilhin one year
506,495
506,495
1.236,608
(26, 788)
36,368
1,272,976
(26, 788)
Total
1,716,316
36,368
1, 752,684
22. Related party transactions
During the year the chairty received donations from Southend Vision Trading Ltd. a wholly owned
subsidiary of the charity, totalling £46,223 (2023- £54,467).
23. Controlling party
The charity is a company limited by guarantee and had no ultimate controlling party. In the event that the
charity is wound up, each current member (and any member who has ceased lo be a member within one
year) agrees to contribute a maximum of ten pounds to the assels of the charity.
Page 35

SOUTHEND IN SIGHT
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. Principal subsidiaries
The followng was a subsidiary undertaking of the Company..
Nam6
Company
number
Registered office
Principal
activity
Southend Vision Trading Limited 06388803
{100 % owned subsidiary}
Millhouse,
32-38 East Street,
Rochford.
Essex SS4 1 DB
Charity Shop
The financial results of the subsidiary for the year were..
Name
Net assets
Southend Vision Trading Limited {100 % owned subsidiary)
Page 36