Registered Charity No. 1080245 Company No. 3762507 (EnglAnd & Wales) Report of the Trustees And Unaudited Financial Statements for the Year Ended 31 March 2024 For Sight Airedfile ADIFU9LT 21112rI024 COMPANIES HOUSE A24
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Stirk Lambert & Co. Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD213DS
SIGHT AIREDALE Company No. 3762507 CONTENTS Page Annual General Meeting Company Infomation Report of the Directors 5- 15 Independent Examiners Report 16 Statement of Financial Activities 17- 18 Balance Sheet 19 Notes to the Financial Statements 20-29
SIGHT AIREDALE Company No. 3762507 Annual Gener21 Meeting for the Year Ended 31 March 2024 Annual General Meeting for the Year Ended 31 March 2024 The 21 Annual General Meeting of the Charitable Company Limited by Guarantee will be held at 12 noon in The Lena Anderton Meeting Room, 31 Scott Street, Keighley BD212JH on (date to be cOnfined) for the following purposes: Opening of the Annual General Meeting and the welcome by the Chaimian. Agend Roll Call Apologies for absence Minutes of the 2023 Annual General Meeting to approve Matters arising from the minutes of the 2023 Annual General Meeting The present Town Mayor of Keighley address given by Town Mayor Trustees report to 31 March 2024..- Matters arising from the Trustees Report Adoption of The Trustees report to the 31 March 2024. The Financial Statement to the 31 March 2024: Matters arisi ng from The Financial Statement Adoption of Financial Statement to 31 March 2024 Election of the Board of Directors and General Committee Members Resignations from the Board of Directors Nominations to the Board of Directors Election of the Board of Directors Resignations from the General Committee Nominations to the General Committee Election of the General Committee Appointment of Independent Examiner and Accountant Any other relevant business appertainins to the year ended 31 March 2024 Close of the meeting 10. Copies of the annual report and accounts are also available in Braille and Large Print on request from the Resistered Offi ce. Chainnan
SIGHT AlllEDALE Company No. 3762507 Company Information for the Year Ended 31 March 2024 Registered Otrice: I, Albert Street Keighley West Yorkshire BD212AT Company Limited by Guarantee Number: 03762507 Registered as a Charity Number: 1080245 Chartered Accountants: Stirk Lambert & Co Russell Chambers 61 a North Street Keighley West Yorkshire BD213DS Bankers: National Westminster Bank 63 North Street Keighley West Yorkshire BD213SN Solicitors: AWB Charlesworth Aireside House Royd Ings Avenue Keighley West Yorkshire BD214BZ Investment Manager: Parkway Chartered Financial Planners 76 Town Street Horsforth Leeds LS18 4AP
SIGHT AlllEDALE Company No. 3762507 Company Information for the Year Ended 31 March 2024 Directors and Trustees David L Ogden Anne Broughton Michael S Boothroyd Joyce Hutchinson Emmerson Walgrove Chairn]an, Director Vice Chairwoman, Director Treasurer, Director Director Director (2, 3) (2, 1, 3) Other Trustees Peter Robinson Val Bainbridge Andrew Broughton (i) (i) Secretary -vacant Key to Trustees l. Severely Sight Impaired or Sight Impaired Friends of Sight Airedale 2. Member of Finance Sub Committee 3. Member of Appeals Sub Committee Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by: David Ogden - Chairman
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (etTective l January 2019) IA,rea.':'*.O, Jill . Barnoldswick & District Bin & District Cross Hills & District llkle and District Kei hle Silsden & District Settle & District Ski ton & District Total 14 32 13 17 129 15 54 18 30 212 22 13 83 13 221 22 354 133 354 does not include a further 61 people who eligible to be registered but are not registered. Number of Registered Friends previously at 31 March 2023 384 Objects of the Charity: To advocate, develop and provide services and facilities, whether practical, financial or otherwise, to support people who are Registered as Severely Sight Impaired or Sight Impaired in the sight airedale area to help them achieve independence with dignity in all aspects of life and society, Chairman's Statement It is with great regret that I have to infonn our members of the resignation from the Board of Mrs. Joyce Hutchinson. Mrs, Hutchinson has been a supporter of sight airedale for over 60 years and I would like to extend my personal thanks to Joyce for her suppoo she will be sadly missed. My thanks to the other Members of the Board for their past and future support of the Charity We are still experiencing rising costs especially with bringing our flats up to the standard required by Local Government, this includes updating fire alarnis, heating etc. We have also incurred more expense in replacing the double glazed windows in the Oakworth bungalow.
SIGHT AtREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024. Thanks to our two employees Ms Annette Gregory and Mr. Antony Horner. At present, they are trying to find funds to re-furbish our meeting room. We have offered our Talking Books service Nationally and are seeing an increase in membership. No charge is made but we ask for an initial donation to cover the c05t of the Memory sticks. If any of our members would consider joining the Board, please contact the office. we would love to hear from you. The meetings are normally once a month on the second Monday and normally last for approxirnately one hour. David Ogden Chairman
SIGHT AIREDALE Company Iyo. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Treasurers Statement The year saw a deficit of £20.338 compared to a deficit of £9,585 in the previous year. Incoming resources showed a decline of £1 1,762 against the previous year, wholly attributable, for the second successive year. to a significant reduction in legacy funds. Rental income from owned properties and room hire increased by 140/0. The value of fixed asset investments fell marginally from £228,715 to £227,356 as funds were released to meet day-to-day running costs. Our investment manager's representative meets with directors on a six-monthly basis to report and advise on investment issues. Total resources expended increased by 10 %, primarily due to additional legal fees and premises costs. Mike Boothroyd Honorary Treasurer
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Report of the Directors For the year ended 31 March 2024, the Directors of sight airedale have pleasure in submitti ng its report and the independently examined financial statements for the year ended 31 March 2024. The accounts comply with current statutory requirements, the Charity's governing documents and SORP (revised 2005). Structure, Governance And ManagemenL The organisation is a charitable company limited by guarantee. The organisation was established on 9 May 1907, registered in accordance with the National Assistance Act 1948 on 7 December 1948, registered under the Charities Act 1985 on 29 April 1999 number 3762507 and registered under the Charities Act 1993 on 7 April 2000 number 1080245. The charitable company governing document was adopted on 31 March 2000 and.amended on 5 October 2005 to include beneficiaries, resident in Ilkley and District and established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. The Charity Commission approved the change of title of the Charity from Keighley and District Association for the Blind to sight airedale on 20 May 2011. In the event of the company being wound up Trustees are required to contribute an amount not exceeding £1 0.00. The Charity has Trustee liability insurance. The organisation is governed by a Board of Directors. The Board usually meets monthly. The Board reports to the General Committee three times a year. The Directors are elected by the members of the General Committee, who are Trustees of the Charity, at the Annual General Meeting. At the Annual General Meeting, all the Directors retire from office and elections are held to fill these vacancies. Retiring directors are eligible to stand for re-election. The names of the Directors and Trnstees of the Charity are shown in this report. Trustees do not receive any remuneration for their services to the Charity. Trustee Recruitment and Appointment Trustees are generally recruited through word of mouth. Trustee Induction And Training Prior to appointment, new Trustees receive an induction pack. The induction pack includes the memorandum of association. the latest financial statements, copies of previous minutes and seefact Magazine. On appointment, new Trustees have a personalised induction programme, where they attend one to one introductory sessions with the Chaimian. These meetings are designed to cover the main operational framework of the Charity, the current financial position and future plans and objectives.
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Statement of Responsibility of the Directors Company Law requires the Board to prepare financial statements for each financial year, which give a true and fair view of the organisation's state of affairs at the end of the year and of its financial activities for that period. In preparing these financial statements, the Board are required to'.- Select suitable accountin8 policies and apply them consistently Make adjustments and estimates that are reasonable and prudent State whether applicable accounting standards 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 assume that the association will continue in business in the foreseeable future. The Board are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the association and enable them to ensure that the financial statements comply with The Companies Act 2006. They are responsible for safesuarding the assets of the organisation and hence for takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. The Board has overall responsibility for the activities of the orsanisation. There are currently two Sub Committees, Finance and Appeals. The Board set clear temis of reference for the Committees and receives regular reports on their activities. Management The two office-based staff are responsible for the day to day management of the organisation, acting under delegated authority given by the Board of Directors. Associated Relationships Sight Airedale works with other National, Regional and Local Charities that focus on the needs of sight impaired people. We also have a close contact with two of the three local authority Health and Adult Services Sensory Needs teams.
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Risk Management and Internal Controls The Board continually reviews the major risk a small local charity faces. It is satisfied that the arrangements for managing these risks within the limited staff resources available will ensure that sutricient funds are available to maintain services for the foreseeable future. The Charity does not have the resources for an internal audit programme. The Charity uses specialist consultants where appropriate. However, the systems are designed to safeguard the Charity's assets, ensure that proper accounting records are maintained and provide reliable infomiation. The Board believes that these systems will provide reasonable but not absolute assurances against errors or fraud. The major risks identified by the Board were a failure to secure adequate revenue finance and a difficulty in recruiting Trustees particularly those with a Sight Impairment. Key Elements of the organisation Control System Includes the Following: The Board meets monthly. There is a clear organisational structure with appropriate levels of accountability and reporting lines. The Board has established two Sub Committees with clear tenns of reference. The Board approves the delegation of financial authority through the two office-based staff. Any capital commitment in excess of £500 requires approval by the DireGtors The organisation's investment portfolio is managed by an independent investment manager who operates within the specific guidelines and restrictions set and reviewed twice a year by the Board. The Finance Sub Committee meets on an annual basis and comprises of The Honorary Treasurer, Chairman and Vice-chairman. The Appeals Sub Committee usually meets monthly Fundraising The members of our Appeals sub-committee undertake all fundraising. we do not use professional fundraisers. We have received no complaints in regards to our fundraising activity. We will be fomiulating a policy for vulnerable donors. However, we do not undertake unsolicited fundraising such as door-to-door, telephone or text messages. Our only mailing containing fundraising information is our newsletter, which is sent out three times a year. Recipients are advised that they an opt-out of receiving our newsletter through a statement in our newsletter and our privacy policy. which is published on our website and available from our registered office. We use Give as You Live as our online fundraising platform. Aims, Objectives and Activities The organisation, like all charities is restricted to undertaking only activities that are in accordance with its aims, objects and associated powers. The aims are "to advocate, to develop and provide services whether, practical, financial or otherwise to support people who are registered severely sight impaired and sight-impaired in the Airedale District to help them achieve independence with dignity in all aspects of life and society" 10
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 The main obj ectives and activities for the year continue to focus on inforniation and support for Severely Sight Impaired and Sight Impaired people. The strategies employed to assist the Charity in meeting these objectives include the following.. Providin8 a range of services which address some of the problems of sight loss Supporting, not only the individual but also their family and friends and the wider community of the Airedale, Wharfedale, Craven and West Craven District. Working in partnership with other agencies to secure the widest range of services. Public Benefit StAtement The Trustees have complied with their duty to have due regard to the suidance on public benefit in exercising their powers or duties. Achievement and Performance The main areas of charitable activity are inforniation, support services and benefit and grant enquiries. Information Inforniation is requested through the helpline and visitors to the office on the services of sight airedale and enquiries about other sight impainnent providers. The main outlet for infonnation is the Charity's seefact Magazine sent out three times a year in seven different forniats. Large Print (16pt), CD, Tape, Braille, Email, MP3 Memory Stick and eBook to 51 l Friends of sight airedale and volunteers. supporters and Health Professionals. People requesting infom)ation on Daily Living Aids and Magnifiers continues to be the most popular type of enquiry, followed by help and information on technology such as tablets and mobile phones. To improve accessibility, we have now moved the registered office into our Scott Street premises, This move makes it easier for people visiting us for shop and other appointments. In the past, they would have to visit reception on one side of the building before being taken to the other side for their appoi ntment. This naturally caused confusion, now, people only have to deal with one entrance. Scott Street is also fully accessible with a ramped entrance and lift. The freeing of Office space in l Albert Street means that we are now able to let this out to a local non-profit organisation providing us with another source of income. Work is underway to produce a welcome pack for newly registered friends of sight airedale, this will provide information on the services provided by the Charity. Volunteers The work of Sight airedale owes much to the support the charity receives from its 20 volunteers. The majority of voluntary work is carried out in our Social Centres, however contributions are made
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 on the Board of Directors, General Committee, Sub Committees, Appeal s events, Audio Book Library and the production of the Magazine. Support Services Our volunteer organisers and voluntary helpers deliver the Social Centres service. Without their commitment, this service could not be provided and addresses the social isolation often experienced by Severely Sight Impaired and Sight Impaired people. Our Keighley social centre re-opened in October 2021 following the pandemic, we have seen a slow increase in new members. We hope that we will also be able to resume our Bingley social centre. Following our previous success with living with sight loss courses, the planned course for August 2020 was cancelled due to the Pandemic. However, we hope to run face-to-face Living with Sight Loss courses again in the future. Sight impaired people were hit particularly hard during the lockdowns. with many facin8 even further isolation than usual. In May 2021, in an attempt to help alleviate the isolation faced by many people we started collaborating with five other local sight loss charities to deliver virtual technology and live well with sight loss events. Two sessions each month are delivered by the Zoom video conferencing platform. Sessions last one hour with a guest speaker followed by questions and answers. Past topics have included Charles Bonnett Syndrome, Getting the most out of your mobile phone, Advances in Gene Therapy, Good lighting for people with sight loss. The collaboration gives us access to guest speakers we would not have access to working alone. The Daily Livin8 Shop has had 48 contacts compared with 30 in 202312024. This service offers demonstrations of specialised equipment designed for Sight Impaired people, carried out by members of the team. The sreatest demand continues to be for Low Vision Assessments. Our six rented properties have been fully occupied. One tenant is a Friend of sight airedale. The funds from this service continue to be a valuable source of unrestricted income. With the increased running costs faced by the charity and maintenance costs of the rented properties a rent review was Carried out February 2023. The board, mindful that our tenants were also facing increased costs, took the decision to bring the properties rentals more in line with market conditions but remaining within housing benefit limits, the last rent increase was over five years ago. The office at l Albert Street has also been rented out to a local charity providing another source of income. Grant Requests There have been no grant applications during the year. 12
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Technology Support Service Choosing a new mobile phone. tablet or computer is confusing for most people. For Sight Impaired people, the problem is made worse by having to consider the accessibility features of the product. Salespeople in high street stores often have little or no experience in the needs of customers with Sight Impaim]ent. We identified the need to establish a service where Sight Impaired people could gain access to infomiation on the range of technologies available and provide an opportunity to try out different products in a non-sales environment, guided by a member of the team with expertise in technology for Sight Impaired people. In addition to providing pre-purchase support, we also offer ongoing technical support and training. We continue to see a steady flow of people asking for technology-related support. Enquiries this year have included Help with setttn8 up and upgrading mobile phones, accessin8 magazines on an iPad. accessible smart meter displays, navigation apps, and reading machines. In July we ran a sight inforniation day in conjunction with Optelec, a manufacturer of low-vision aids. The day was so successful that we will be repeating it again in 2024 though we hope to extend the scope to include more organisations. Braille Learning We had no students attend Braille learning durin8 202312024, Transcription Service The service aims to provide local sight-impaired people, voluntary and commercial organisations with a resource for providing accessible versions of documents. We are now able to convert documents into Braille, Audio CD, Text and eBook Fomiats and Large Print. We have seen a reduction in demand for Braille. In pa¢ this is due to recent advances in mobile technology that give sight-impaired people wider access to reading materials. From l April 2023 to 31 March 2024 we had one external transcription jobs bringing in an income of £1 O. Compared with £29 the previous year for one external transcription jobs. The seefact Magazine accounts for the majority of internal transcription work. We provide seefact in nine different formats, Large Print, Braille, MP3 Memory Stick, Audio CD, Audio Cassette, Email (PDF, HTML, MP3 Download, eBook formats for both the Kindle and iPad). This year we are grateful that Keighley Playhouse has supported us by printing our newsletter for us at a greatly reduced cost. Digital Audio LibrAry Between l April 2022 to 31 March 2023, 29 books were loaned to 3 people compared with the previous year when 4 people borrowed 30 books. 13
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 There are cuffently 2,138 titles available for loan, books are dependent on people donating titles. Antony Horner ICT Manager 14
SIGHT AIREDALE Company No. 3762507 l Albert Street Keighley Report of the Directors for the Year ended 31 March 2024 Financial Review Free Reserves Policy The Charity receives its funds through voluntary income as opposed to earned income. The organi sation holds free reserves for the following purposes.. To provide continuity of activities in the event of a large variety of voluntary income To deal with emergencies To deal with short tem] fluctuation in cash flow To be able to develop and grasp new opportunities as they arise During the year free reserves (fixed asset investment) were £227,356 (2023 £228,715) The level of reserves is equivalent to 21 months running costs plus a designated fund of £1 00,000 as a building contingency. The free reserves policy is to achieve sufficient free reserves to allow the organisation to find new sources of funding for key work or the restructure in order to maintain continuity and to continue key work in the event of a sudden major loss of funding. In addition, reserves may be used to fund a budgeting deficit. The Finance Sub Committee reviews the free reserves policy once a year Overview The Charity had an overall deficit for the year of £37,761 (2023 deficit of £27,534). David Ogden Chairman 18 December 2024 15
SIGHT AIREDALE Independent Examlner's Report to the Trustees CompAny No. 3762507 I report to the trustees on the accounts for the year ended 31 March 2024 set out on pages 15 to 28. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounis 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 charities accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters hav¢ come to my attention in connection with the examination (other thiin that disclosed below ) which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounis and Reports) Regulations 2008 other than any requirement that the accounts give a 'tn]e and fair, view whiLh is not a matter considered as part of an independent examination. 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 to enable a proper understandin8 of the accounts to be reached, Stw kn4- L R J Hudson FCA Institute of Chartered Accountants in England & Wales Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley BD213DS Dated 18 December 2024 16
SIGHT AIREDALE Company No. 3762507 Statement of Fiiiancial Activities for the Year to 31 March 2024 2024 Total Funds 2023 Total Funds Unrestricted Restricted Note Funds Funds INCOME AND EXPENDITURE Incoming Resources Incoming resources from generated funds: Volunlary incorne.. Donations Legacies Activities for generating funds Investment income 3,815 2,000 38,567 6,993 3,815 3,108 2,000 19,095 38,567 34,262 6,993 6.582 Grant income Total Incoming Resources 51,375 51,375 63,047 Resources Expended Charitable activities Cost of generating funds Governance costs 39,597 28,937 3,179 39,597 46,990 28,937 22,972 3,197 2,670 Grant expenditure Total resources Expended 71,713 71,713 72.632 Net incoming/ (outgoing) Resources before transfers Transfer between funds (20,338) (20.338) (9.585) Net incoming/ (outgoing) resources before other recognised gains and losses (20,338) (20,338) (9,585) 17
SIGHT AIREDALE CompAny No. 3762507 Statement of Financial Activities for the Year to 31 MArch 2024 2024 Total Funds 2023 Total Funds Unrestrictcd Restricted Note Funds Funds Net incomingl (outgoing) resources before other recognised gains and losses brought forward (20,3J8) (20,338) (9,585) Other recognised gains and (losses) Unrealised profiv (losses) on investment assets 2,577 2,577 (17,949) Net movement in funds (17,761) (17,761) (27,534) Reconciliation of funds Balances brought forward at l April 2023 718,012 51,744 731.994 769.756 Balances carried forward at 31 MArch 2024 700,251 51,744 751,995 769,756 18
SIGHI" ADALE Company No. 3762507 Balance Sheet as at 31 m.arch 2024 Note 2024 2023 FIXED ASSETS Tangible Assets Investments 512,945 517,681 227,356 228,715 740,301 746.396 Current Assets Debtors and prepayments Cash at Bank and in hand 5,198 12,535 2,613 23.913 10 17,733 26,526 (6,039) (3,165) Creditors amounts falling due within one year I I Net Current Assets 11,694 23,361 Total Net Assets 751,995 769,757 Funds Restricted funds Unrestricted funds 51.744 51,744 700.251 718,013 Total Funds 751,995 769,757 The charitable company is entitled to exemptioii from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year to 31 March 2023 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for.- ensuring that the charitable company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006 and. b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rel ating to financial statements, so far as applicable to the charitable company. These financial statements which have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. The financial statements were approved by the directors on 18 December 2024 and signed on their behalf by David Ogden - Chairman 19
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 Accounting Policies Basis of preparation The financial statements of the charitable 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.. 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 l January 20IS)', Financial Reporting Standard 102 'The Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with th¢ exception of investments which are included at market value, as modified by the revaluation of certain assets. Company status The charity is a company limited by guarantee. The members elect directors of the company for the purposes of the Companies Act. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. Donations, legacies and voluntary income Income is recorded when receivable whenever the amount is known otherwise it is accounted for on a cash received basis. Legacie5 are recorded on a cash received basis due to the uncertainty of the value of estates until received. The value of services provided by volunteers has not been included. Depreciation of tangible fixed assets Depreciation is provided at the following annual rates in order to reduce the net book value of those assets to their estimated residual value at the end of their expected useful lives at the following rates.. Fixtures and Fittings Computer Equipment Propety improvements 250/0 reducing balance 20% reducing balance 20/0 on cost No depreciation is provided on freehold properties since the company maintains the properties to such a high standard that their value is in excess of their cost, improvements however are depreciated over their estimated lives of 50 years. Investments In accordance with recomrnended practice li sted investments are stated at market value. Changes in market value are included in the Statement of Financial Activities as unrealised gains and losses. Pension costs The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Fiiiancial Activities. 20
SIGHT AIREDALE Company No. 3762507 Notes Forming PArt of the FinanciAI Statements for the Year to 31 March 2024 Grants Grants payable are recorded as direct charitable expenditure when paid. Grants receivable are recorded under incoming resources wherever the amount is known. otherwise they are accounted for on a cash received basis. Expenditure Directly attributable expenditure on staff and other costs are charged to direct charitable expenditure, fund raising or general administration as appropriate. Activities for Generating Funds 2024 2023 Rents - 3 Sunhurst Close Flats Contributions from users of Lena Anderton meeting room Funds from Bingley Social Centre Daily Living Shop Student fee Audio transcription Braille learning Other revenue - Transport fee 6,120 27,310 4,080 22,793 3,237 5,344 1,742 1,769 30 28 10 148 218 38,567 34,262 Investment Income 2024 2023 Comprises interest from: Charities Property Fund Old Mutual Wealth 929 6,064 627 5,955 6,993 6,582 21
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 Total Resources Expended ChAritable activities Costs of Governance Total generating costs 2024 funds Total Basis of 2023 Allocation Costs directly allocAted to Activities Appeals costs Direct Daily Living Shop centre goods Social centre costs Keighley Binsley Skipton Silsden llkley Sight centre and ICT establishment costs etc. See note 5 33,044 Depreciation 4.737 Audit fee and Accountancy Motor and travel Sundries Printing, postage and stationery Adverts and publicity Lesal & professional Fees 1.663 1,663 1,354 Direct 418 418 370 Direct Direct Direct Direct Direct 33,044 4,737 40.631 4,991 Direct Direct 3,179 3,179 2,670 Direct Direct Direct 881 881 370 337 180 337 180 4.576 448 180 2,577 Direct Direct Direct 4,576 Support costs Allocated to activities Premises costs and associated services Floor Area 22,698 22,698 19,041 39,597 28,937 3,179 71,713 65,331 22
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 Staff Costs Staff costs for all employees were: Total 2024 TotAI 2023 Emoluments for employees Gross pay 31,942 33,522 Social security costs 6,000 Other pension costs 1.102 1,109 33,044 40,631 The average number of persons employed during the year was 3 (2023.. 3). .There were no high paid staff employed durins th¢ year (2023.. nil). No emoluments were paid to members (2023., nil). Included in other management expenses are chairman's expenses of £nil (2023.. nil). Pension Costs The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions to the scheme are charged to the Statement of Financial Activities as they are incurred. The amount charged to the Statement of Financial Activities during the year was £1,102 (2023. £1,109) There were no outstanding or prepaid contributions at either the beginning or end of the firtancial year. 23
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 Tangible Fixed Assets Freehold land Improvements Fixtures Computer Totals & buildings to property & Fittings equipment Cost l April 2023 Additions 390,266 186,177 108.307 24,770 709,520 31 March 2024 390,266 186,177 108,307 24,770 709,520 Depreciation l April 2023 Charge for year 63,831 3,723 105,050 651 22,958 362 191,839 4,736 31 March 2024 67,554 105,701 23,320 196,575 Net Book Value 31 March 2024 390,266 118,623 2,606 1,450 512,945 31 March 2023 390,266 122,346 3,257 1,812 517,681 All fixed assets ar¢ held for the charity's own use on direct Lharitable activities. 24
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 TAngible Fixed Assets (continued) Freehold properties which are stated at cost comprise:_ 2024 2023 Three flats (fomierly 3 Albert Street and 33 Scott Street. Keighley) 25,391 25,391 Meeting Room. Sight Centre, and I.C.T. Suite. Scott Street, Keighley 253,728 253,728 l Albert Street, Keighley (Headquarters and two flats) 69.147 69,147 Bungalow, 3 Sunhurst Close, Oakworth 42,000 42,000 390,266 390,266 25
SIGHT AtREDALE Company No. 3762507 Notes Forming Part of the Financial StAtements for the Year to 31 March 2024 Fixed Asset Investments 2024 2023 Quoted Market value l April 2023 Additions in the year Disposals in year Unrealised investment gainsl (losses) Investment income generated 228,715 262,007 (10,000) (22,000) 2,577 (17,949) 6,064 5,955 227,356 228,715 Total 227,356 228,715 Analysis of Quoted Investments Charities Property Fund 11.999 Units Old Mutual Wealth Account Market value at l April 2023 Additions Disposals (cost) Net realised and unrealised gainsl(losses) 14,983 213,733 (i 0,000) (839) 9,480 Market Value at 31 March 2024 14,144 213.212 26
SIGHT AJREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 Debtors and Prepayments 2024 2023 Income Tax repayments due 1,381 1,339 Prepayments 259 287 National Insurance refund due izettle balance 100 100 Trade Debtors 3,458 888 5,198 2,614 10. Cash At Bank and in Hand 2024 2023 CUent accounts 11,031 19,908 Deposit accounts 87 81 Cash in hand 1,417 3,924 12,535 23,913 11. Creditors.. amounts falling due within one year 2024 2023 Trade creditors 1,870 421 Taxation and social security 223 306 Accruals 3,946 2,084 6.039 3,564 27
SIGHT AIREDALE Company No. 3762507 Notes Forming Part of the Financial Statements for the Year to 31 March 2024 12. Restricted Funds Restricted funds hold donations and other income given for specific purposes. The analysis of net assets between funds is set out in note 13. Movenieiit iii Funds Balance Incoming Expenditure Balance 01.04.2023 Resources and transfers 31.03.2024 Bungalow, 3 Sunhurst Close Contribution towards refurbishment of flats 42,000 42.000 7,000 7,000 Santander Grant 2,744 2,744 51,744 51,744 The bungalow at 3 Sunhurst Close is stated at its estimated value when vested in the company. It was bequeathed to the company to be retained and used by a severely sight impaired or sight impaired persons or anyone connected with the company. The Santander grant was to set up a mobile phone and tablet devices demonstration service to show sight impaired people the accessibility features and then to allow them to make their own purchases directly with the suppliers. Not all the funds have been used as Sight Airedale are holding some back for future upgrades over the next few years. 13. Analysis of Net Assets between Funds Unrcs1I'ictcd Fuiid5 Restricted Funds Total Funds Fund balances at 31 March 2024 ' Are represented by.. Tangible Assets Investments Current assets Current liabilities 463,945 227,356 14,989 (6,OJ9) 49,000 512,945 227,356 17,733 (6,039) 2,744 700,251 51,744 751,995 28
SIGHT AIREDALE Company No. 3762507 Notes Forming PArt of the Financial Statements for the Year to 31 March 2024 14. Control relationships No individual party has control of the company, which is governed by the directors appointed by the members 29