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← Sight Airedale

2025-03-31-accounts

Registered Charity No. 1080245 Company No. 3762507 (England & Wales)

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 For Sight Airedale

Stirk Lambert & Co. Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS

SIGHT AIREDALE Company No. 3762507

CONTENTS

Page
Annual General Meeting 2
Company Information 3 - 4
Report of the Trustees 5 - 15
Independent Examiners Report 16
Statement of Financial Activities 17 - 18
Balance Sheet 19
Notes to the Financial Statements 20 - 30

1

SIGHT AIREDALE Company No. 3762507

Annual General Meeting for the Year Ended 31 March 2025

Annual General Meeting for the Year Ended 31 March 2025

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 BD21 2JH on (date to be confirmed) for the following purposes:-

Opening of the Annual General Meeting and the welcome by the Chairman.

Agenda

  1. Roll Call

  2. Apologies for absence

  3. Minutes of the 2024 Annual General Meeting to approve

  4. Matters arising from the minutes of the 2024 Annual General Meeting

  5. The present Town Mayor of Keighley address given by Town Mayor

  6. Trustees report to 31 March 2025:-

  7. 6.1 Matters arising from the Trustees Report

  8. 6.2 Adoption of The Trustees report to the 31 March 2025.

  9. The Financial Statement to the 31 March 2025:-

  10. 7.1 Matters arising from The Financial Statement

  11. 7.2 Adoption of Financial Statement to 31 March 2025

  12. Election of the Board of Trustees and General Committee Members

  13. 8.1 Resignations from the Board of Trustees

  14. 8.2 Nominations to the Board of Trustees

  15. 8.3 Election of the Board of Trustees

  16. 8.4 Resignations from the General Committee

  17. 8.5 Nominations to the General Committee

  18. 8.6 Election of the General Committee

  19. Appointment of Independent Examiner and Accountant

  20. Any other relevant business appertaining to the year ended 31 March 2025

  21. Close of the meeting

Copies of the annual report and accounts are also available in Braille and Large Print on request from the Registered Office.

Chairman

2

SIGHT AIREDALE Company No. 3762507

Company Information for the Year Ended 31 March 2025

Registered Office: 1, Albert Street
Keighley
West Yorkshire
BD21 2AT
Company Limited by
Guarantee Number: 03762507
Registered as a Charity
Number: 1080245
Chartered Accountants: Stirk Lambert & Co
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS
Bankers: National Westminster Bank
63 North Street
Keighley
West Yorkshire
BD21 3SN
Solicitors: AWB Charlesworth
Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ
Investment Manager: Parkway Chartered Financial Planners
76 Town Street
Horsforth
Leeds
LS18 4AP

3

SIGHT AIREDALE Company No. 3762507

Company Information for the Year Ended 31 March 2025

Directors and Trustees

David L Ogden Chairman, Director (2, 3) Anne Broughton Vice Chairwoman, Director (2, 1, 3) Michael S Boothroyd Treasurer, Director Joyce Hutchinson Director (resigned January 2025) Emmerson Walgrove Director

Other Trustees

Val Bainbridge Andrew Broughton Secretary –Vacant

(1)

Key to Trustees

  1. 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 12 December 2025 and signed on its behalf by:

Mike Boothroyd - Treasurer

4

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

The trustees who are also directors for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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) (effective 1 January 2019).

Area Severely Sight Impaired/Blind Sight Impaired/
Partially Sighted		 Total
Barnoldswick & District 1 14 15
Bingley & District 22 32 54
Cross Hills & District 5 11 16
Ilkley and District 12 16 28
Keighley, Silsden, & District 83 127 210
Settle & District 0 3 3
Skipton & District 7 12 19
Total 130 215 345

345 does not include a further 60 people who are eligible to be registered but are not registered.

Number of Registered Friends previously at 31 March 2024 354

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 Airedale area to help them achieve independence with dignity in all aspects of life and society.

Chairman’s Statement

The Charity has again suffered several problems which have made it impossible to run without dipping into our investments. We have had to refurbish one of our flats because the tenant left it in a poor condition, which has cost the Charity around £10,000 in refurbishment costs and loss of income from the flat. Thankfully, we have a new tenant in place.

A further problem has occurred with the roof in our building which is in need of repair.

The good news is that we still can give support to sight-impaired individuals in our area, Antony and Annette continue to run the office well and offer services to our sight impaired beneficiaries.

They have applied to various Charities on sight airedale's behalf and managed to acquire funding to cover the refurbishment of the meeting room and also funding from the Lottery to enable the Charity to employ another part-time employee to run workshops for the sight impaired. I would like to welcome Warris to our team and wish him well for the future.

5

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

The charity has also been given a £3,500 grant by Sovereign Health towards the cost of replacing the tables in the meeting room and a new audio system. We’d also like to thank the customers and staff of Skipton Building Society who voted for sight Airedale to receive a donation of £1,000 for which we are very grateful.

If anyone would like to join our small team of Directors, please contact the office for further information.

David Ogden Chairman

6

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

Treasurers Statement

The year saw a deficit of £31,343 compared to a deficit of £20,338 in the previous year.

Incoming resources showed a decline of £3,948 against the previous year, partly due to a reduction in overall rents received and also because there were no legacies received in the year.

Total resources expended increased by just under 10%, primarily due to additional legal fees and daily living shop centre costs.

The value of fixed asset investments fell from £227,356 to £182,959 as funds were released to meet some of the day-to-day running costs. Our investment manager’s representative meets with Trustees on a six-monthly basis to report and advise on investment issues.

Mike Boothroyd Honorary Treasurer

7

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

Report of the Trustees

For the year ended 31 March 2025, the trustees who are also directors of the charity for the purpose of the Companies Act 2006, have pleasure in submitting its report and the independently examined financial statements for the year ended 31 March 2025.

Structure, Governance and Management.

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 £10.00. The Charity has Trustee liability insurance.

The organisation is governed by a Board of Trustees. The Board usually meets monthly. The Board reports to the General Committee three times a year. The Trustees 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 Trustees retire from office and elections are held to fill these vacancies. Retiring Trustees are eligible to stand for re-election. The names of the trustees 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 see fact Magazine. On appointment, new Trustees have a personalised induction programme, where they attend one to one introductory sessions with the Chairman.

These meetings are designed to cover the main operational framework of the Charity, the current financial position and future plans and objectives.

8

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

Statement of Responsibility of the Trustees

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:-

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 safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board has overall responsibility for the activities of the organisation.

There are currently two Sub Committees, Finance and Appeals. The Board set clear terms 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 Trustees.

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.

9

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

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 sufficient 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 information. 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:

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 formulating 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 can 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

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

The main objectives and activities for the year continue to focus on information and support for Severely Sight Impaired and Sight Impaired people. The strategies employed to assist the Charity in meeting these objectives include the following:

Public Benefit Statement

The Trustees have complied with their duty to have due regard to the guidance on public benefit in exercising their powers or duties.

Achievement and Performance

The main areas of charitable activity are information, support services and benefit and grant enquiries.

Information

Information is requested through the helpline and visitors to the office on the services of sight airedale and enquiries about other sight impairment providers. The main outlet for information is the Charity's see fact Magazine sent out three times a year in seven different formats; Large Print (16pt), CD, Tape, Braille, Email, MP3 Memory Stick and eBook to 511 Friends of sight airedale and volunteers, supporters and Health Professionals. Archives of newsletter articles are also published on our website, covering topics such as Winter Fuel Allowances, TV Licensing and Travel Concessions.

People requesting information 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.

Our award winning partnership with 5 other local blind societies to provide virtual living well with sight loss and technology sessions via Zoom also continues to be successful, and gives people the opportunity to hear from guest speakers that we would not have access to on our own. In order to further increase the accessibility of this facility we have launched an audio podcast of the living well sessions.

In order to promote the charity we have undertaken several talks to church groups and residents of care homes. Our social media platforms also provide an additional source of information for our beneficiaries and their families.

In July we will be holding a combined sight information day along with our annual coffee morning. We hope that this will bring in a wider range of people.

11

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

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 on the Board of Trustees, General Committee, Sub Committees, Appeals events, Audio Book Library and the production of the Magazine.

In January, Joyce Hutchinson, our longest-serving director, retired. Joyce first became involved with the then Keighley and District Association for the Blind in 1971. Joyce was presented with the charity's Mary Arnold Award, which recognises the work done by volunteers. On behalf of everyone at sight Airedale, we wish Joyce a happy and well-deserved retirement.

Support Services

Our volunteer organisers and voluntary helpers deliver the Social Centres service. Without their commitment, this service could not be provided, addressing the social isolation often experienced by people who are Severely Sight Impaired and those who are Sight Impaired. Our volunteer-run Keighley social centre, which meets twice a month, offers a vital source of peer support for people with sight impairments.

Delivered by our team, the Daily Living Shop has had 47 contacts compared with 48 in 2023/2024. This service offers demonstrations of specialised equipment designed to help sight-impaired people maintain their independence, as well as providing practical information such as improving lighting or positioning of a TV. Our magnifier assessment service continues to be in demand with us being able to offer a range of optical and electronic magnifiers.

Our six rented properties were fully occupied until December 2024, when one property became vacant. This year, we have faced unusually high expenditures on properties, including an upgrade to the fire alarm system and other essential repairs, as well as a loss of rent for the vacant property. One tenant is a Friend of sight airedale. The funds from this service continue to be a valuable source of unrestricted income. The office at 1 Albert Street has also been rented out to a local charity, providing another source of income.

We have seen an increased demand for hire of the Lena Anderton Meeting room with several new regular bookings. Rates for room hire are free for VI organisations, £25 for community and non profits and £30 for commercial and public sector for a 3 hour session. In March 2025 the board took the decision to increase hire charges by £5 for all hirers, with the exception of VI groups who will always remain free.

Grant Requests

There have been no grant applications during the year.

12

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

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 Impairment. We identified the need to establish a service where Sight Impaired people could gain access to information 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. A significant part of our work now involves empowering people to use the technology they already own, such as configuring smartphones and tablets with accessibility features and introducing powerful free apps like Seeing AI. Our YouTube channel also provides technology tutorials aimed at visually impaired users along with product reviews. We hope in the long term this will provide an additional source of income.

Braille Learning

We had no students attend Braille learning during 2024/25.

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 Formats and Large Print.

We have seen a reduction in demand for Braille. In part, this is due to recent advances in mobile technology that give sight-impaired people wider access to reading materials.

From 1 April 2024 to 31 March 2025 we had one external transcription jobs bringing in an income of £10. Compared with £29 the previous year for one external transcription jobs.

The see fact Magazine accounts for the majority of internal transcription work. We provide see fact 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 1 April 2024 to 31 March 2025, 125 books were loaned to 13 people compared with the previous year when 3 people borrowed 29 books.

13

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

There are currently 2,138 titles available for loan, books are dependent on people donating titles.

Future Plans:-

For the next twelve months we plan to:-

Antony Horner ICT Manager

14

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Trustees for the Year ended 31 March 2025

Financial Review

Free Reserves Policy

The Charity receives its funds through voluntary income as opposed to earned income. The organisation holds free reserves for the following purposes:

During the year free reserves (fixed asset investments) were £182,959 (2024 £227,356)

The level of free reserves is equivalent to 13 months running costs plus an allocated fund of £100,000 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 £41,610 (2024 deficit of £17,761).

Mike Boothroyd Treasurer 12 December 2025

15

SIGHT AIREDALE Company No. 3762507 Independent Examiner’s Report to the Trustees

I report to the trustees on the accounts for the year ended 31 March 2025 set out on pages 17 to 30.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its Trustees 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 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 have come to my attention in connection with the examination 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 (Accounts and Reports) Regulations 2008 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.

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 understanding of the accounts to be reached.

R J Hudson FCA Institute of Chartered Accountants in England & Wales Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley BD21 3DS

Dated 12 December 2025

16

SIGHT AIREDALE Company No. 3762507

Statement of Financial Activities including Income and Expenditure Account for the Year to 31 March 2025

2025 2024
Unrestricted Restricted Total Total
Note Funds Funds Funds
Funds
£ £ £ £
INCOME AND EXPENDITURE
Incoming Resources
Incoming resources from
generated funds:
Voluntary income:
Donations 4,359 - 4,359 3,815
Legacies - - - 2,000
Activities for generating funds 2 36,516 - 36,516 38,567
Investment income 3 6,552 - 6,552 6,993
______ ______ ______ ______
Total Incoming Resources 47,427 - 47,427 51,375
═════ ═════ ═════ ═════
Resources Expended
Charitable activities 47,025 - 47,025 39,597
Cost of generating funds 28,402 - 28,402 28,937
Governance costs 3,343 - 3,343 3,179
Grant expenditure - - - -
______ ______ ______ ______
Total resources Expended 4 78,770 - 78,770 71,731
______ ______ ______ ______
Net income/(expenditure)
before transfers (31,343)
-		 (31,343) (20,338)
Transfer between funds - - - -
______ ______ ______ ______
Net income/(expenditure) before
other recognised gains and losses
(carried forward) (31,343)
-		 (31,343) (20,338)

17

SIGHT AIREDALE Company No. 3762507

Statement of Financial Activities including Income and Expenditure for the Year to 31 March 2025

2025 2024
Unrestricted Restricted
Total		 Total
Note Funds Funds Funds
Funds
£ £ £ £
Net income/(expenditure) before
other recognised gains and losses
brought forward (31,343) - (31,343)
(20,338)
Other recognised gains and (losses)
Unrealised profit/ (losses) on
investment assets 8 (10,267) - (10,267)
2,577
_ _ _ _
Net movement in funds (41,610) - (41,610)
(17,761)
Reconciliation of funds
Balances brought forward at
1 April 2024 700,251 51,744 751,995 769,756
__ _ __ __
Balances carried forward at
31 March 2025 658,641 51,744 710,385 751,995
═════ ═════ ═════ ═════

18

SIGHT AIREDALE Company No. 3762507

Balance Sheet
as at 31 March 2025
Note 2025 2024
£ £
Fixed Assets
Tangible Assets 7 521,698 512,945
Investments 8 182,959 227,356
_ _
704,657 740,304
_ _
Current Assets
Debtors and prepayments 9 1,650 5,198
Cash at Bank and in hand 10 8,676 12,535
_ _
Creditors 10,326 17,733
Amounts falling due within one year 11 (4,598) (6,039)
_ _
Net Current Assets 5,728 11,694
_ _
Total Net Assets 710,385 751,995
═════ ═════
Funds
Restricted funds 12 51,744 51,744
Unrestricted funds 658,641 700,251
_ _
Total Funds 710,385 751,995
═════ ═════

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the year to 31 March 2025 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for:-

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 relating 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 Trustees on 12 December 2025 and signed on their behalf by:

....................................................….

Mike Boothroyd - Treasurer

19

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

1. Accounting Policies

a. Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

b. Company status

The charity’s registered office address can be found on the company information page.

c.

Donations, legacies and voluntary income

The value of services provided by volunteers has not been included.

d. 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 - 25% reducing balance Computer Equipment - 20% reducing balance Property improvements - 2% 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.

e. Investments

In accordance with recommended practice listed investments are stated at market value. Changes in market value are included in the Statement of Financial Activities as unrealised gains and losses.

20

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

f. Pension costs

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities.

g. Grants

Grants payable are recorded as direct charitable expenditure when paid. Grants receivable are recognised when the charity has an entitlement to the funds and any condition linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

h. Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be require in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an accruals basis and has been classified under the headings that aggregate all costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

i. Fund Accounting

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that use or purpose.

j.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to insignificant risk of change in value.

k.

Financial instruments

The charity has elected to apply the provisions of section 11 “Basic Financial Instruments” and section 142 “Other Financial Instruments Issues” of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

21

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of Financial Liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

l. Taxation

Sight Airedale is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, it is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

2. Activities for Generating Funds

2025 2024
£ £
Rents - 3 Sunhurst Close 7,385 6,120
- Flats 20,383 27,310
- Albert Street 3,600 -
Contributions from users of
Lena Anderton meeting room 3,492 3,237
Funds from Bingley Social Centre - -
Daily Living Shop 1,484 1,742
Audio transcription - 10
Other revenue – Transport fee 172 148
______ ______
36,516 38,567
════ ════

22

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

3. Investment Income

tment Income
2025 2024
£ £
Comprises interest from:
Charities Property Fund 683 929
Old Mutual Wealth 5,871 6,064
______ ______
6,554 6,993
════ ════

4. Total Resources Expended

Charitable Charitable Costs of Governance
Total		 Total Basis of
activities generating costs 2025 2024 Allocation
funds
£ £ £ £ £
Costs directly
allocated to
activities
Daily Living Shop
centre goods - 3,127 - 3,127 1,663 Direct
Social centre costs
- Keighley 390 - - 390 418 Direct
Sight centre
and ICT establishment
costs etc. See note 5 34,610 - - 34,610 33,044 Direct
Depreciation 7,857 - - 7,857 4,737 Direct
Independent examiners fee - - 3,343 3,343 3,179 Direct
Sundries 1,940 - - 1,940 881 Direct
Printing, postage and
stationery 338 - - 338 337 Direct
Adverts and publicity - 180 - 180 180 Direct
Legal & professional Fees1,890 3,391 - 5,281 4,576 Direct
Bad debts - 167 - 167 - Direct
Support costs
allocated to
activities
Premises costs and Floor
associated services - 21,537 - 21,537 22,698 Area
______ ______ ______ ______ ______
47,025 28,402 3,343 78,770 71,713
════ ════ ════ ════ ════

23

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

5. Staff Costs Staff costs for all employees were:

Emoluments for employees
Gross pay
Social security costs
Other pension costs
 Total
2025
£
33,462
-
1,148
______
34,610		 Total
2024
£
31,942
-
1,102
_____
33,044

The average number of persons employed during the year was 2 (2024: 3).

There were no high paid staff employed during the year (2024: nil).

No emoluments were paid to members (2024: nil).

Included in other management expenses are chairman’s expenses of £nil (2024: nil).

6. 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 £1,148 (2024: £1,102).

There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

24

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

7. Tangible Fixed Assets

Freehold land Improvements Fixtures Improvements Fixtures Computer Computer
Totals
& buildings to property & Fittings equipment
£ £ £ £ £
Cost
1 April 2024 390,266 186,177 108,307 24,770 709,520
Additions - - 16,610 - 16,610
_ _ _ _ _
31 March 2025 390,266 186,177 124,917 24,770 726,130
_ _ _ _ _
Depreciation
1 April 2024 - 67,554 105,701 23,320 196,575
Charge for year - 3,724 3,843 290 7,857
_ _ _ ______ _
31 March 2025 - 71,278 109,544 23,610 204,432
_ _ _ _ _
Net Book Value
31 March 2025 390,266 114,899 15,373 1,160 521,698
_ _ _ _ _
31 March 2024 390,266 118,623 2,606 1,450 512,945
═════ ═════ ═════ ═════ ═════

All fixed assets are held for the charity’s own use on direct charitable activities.

25

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

7. Tangible Fixed Assets (continued)

Freehold properties which are stated at cost comprise:-

2025 2024
£ £
Three flats (formerly 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
1 Albert Street, Keighley
(Headquarters and two flats) 69,147 69,147
Bungalow, 3 Sunhurst Close, Oakworth 42,000 42,000
_ _
390,266 390,266
═════ ═════

26

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

8. Fixed Asset Investments

Fixed Asset Investments
2025 2024
£ £
Quoted
Market value 1 April 2024 227,356 228,715
Additions in the year - -
Disposals in year (40,000) (10,000)
Unrealised investment gains/ (losses) (10,267) 2,577
Investment income generated 5,870 6,064
_ _
182,959 227,356
_ _
Total 182,959 227,356
═════ ═════

Analysis of Quoted Investments

Charities Old Mutual
Property Fund Wealth Account
11,999 Units
£ £
Market value at 1 April 2024 14,144 227,356
Additions - -
Disposals (cost) - (40,000)
Net realised and unrealised
gains/(losses) 311 (4,708)
______ _
Market Value at 31 March 2025 14,455 182,648
═════ ═════

27

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

9. Debtors and Prepayments
2025 2024
£ £
Income Tax repayments due 349 1,381
Interest receivable debtor 175 -
Prepayments 262 259
iZettle balance 100 100
Trade Debtors 765 3,458
_____ _____
1,651 5,198
════ ════
10. Cash at Bank and in Hand
2025 2024
£ £
Current accounts 8,123 11,031
Deposit accounts 91 87
Cash in hand 462 1,417
_____ _____
8,676 12,535
════ ════
11. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 980 1,870
Taxation and social security 207 223
Accruals 3,601 3,946
_____ _____
4,788 6,039
════ ════

28

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

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.

==> picture [346 x 203] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Movement in Funds| |Balance Incoming Expenditure|Balance| |01.04.2024 Resources and transfers 31.03.2025| |£|£|£|£| |Bungalow,| |3 Sunhurst Close|42,000|-|-|42,000| |Contribution towards| |refurbishment| |of flats|7,000|-|-|7,000| |Santander Grant|2,744|-|-|2,744| |_|| ___| |51,744|-|-|51,744| |════|════|═════ ═════|

----- End of picture text -----

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

==> picture [401 x 166] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Fund balances at 31 March 2025| |Are represented by:| |Tangible Assets|472,698|49,000|521,698| |Investments|182,959|-|182,959| |Current assets|7,582|2,744|10,326| |Current liabilities|(4,598)|-|(4,598)| |_|______|________| |658,641|51,744|710,385| |_____ |_ _| ___|

----- End of picture text -----

29

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2025

14. Control relationships

No individual party has control of the company, which is governed by the Trustees appointed by the members

30