Companv registrati(￿ number: 36J6957
Charity registration number.. 1102016
Hastings and Rother Voluntary Association for the Blind
(A company limited by guarantee)
AnnLtai Report and Financial Statements
for the Year Ended 31 Marth 2024
Manningtons
Chartered AccountanL8
39 High Street
Battle
F.ast Sussex
TN33 OEE

Hastings and Rother Voluntary Association for the Blind
Trustees Report
The trustees, who are directors for the purposes of company law, present the annual rerKYrt iogeiher with thc
tinancial statements of the charithbte compan) for the year ended 31 Marth 2024.
Ohjectives gnd activities
Objects andulnlg
The charity's objective is to provide services and support for visually impaired people living ￿1th1n ihe area of
Hastings and Rother.
The Association's principal artiVili& are residents￿ care carried out at Healey House and day care pro￿15]0￿ at the
John Taplin Ccntre twice a week. We also hold Social and Rehabilitation a￿1VIlIeS in thc John Taplin uenlre and in
Bexhill. We offer advice. information and support ￿ the visually impairoj of all a8cs living iii Hasiings and Roiher.
The society continues to assess the need for Innovati￿ and continues to seek ts) improve the range and quality ot its
services where resources and fiinding allo￿. The Association employ5 Mrlfare otTicers ivho work out of Heale
House.
The policy of the organisaticn continues to be to provide high quality. servicos and suppori for visually impaired
people living in Hasiin8s and Roiher and to generate revenue from fe￿. donations. legacies. grants and fundraising
in order lo provide these services.
The Trustees of the A&sociation meet on a bi monihly basis or more frequently. and oversee the dedicated team of
employees and volunteers.
The Associalion has tWD shop5: one in Bexhill. the other in Silvcrhill which conlinuc ii'ith the supporl of our
WarLhuuse. -1 ugethcr they continuc to pravide an invaluabl¢ sourcc of incomc and our Ilexhill Shup. along with the
charily continues ￿ provide invaluable gift aid.
COVID-19
Following Covid -19 knd the direct impaLt on our n￿al operaiion. Hvdley House suffered. The Board madc the
difticult decision ￿ help tiind the home. more than nornially required. l am pleased lo report we are slarling to .%ee
our way &head from c.ovid 19 and appear to have increased occupancy. Thankfully we have man&8ed In do this
without drawing on any ot the charity reserves.
Pagc

Hastings and Rother Voluntary knociydtion for the Blind
Trustees Report
FinAneiAI review
There continues to be a high level of Competition for resideniial care and a demand for more people lo rcmain
indep¢ndent in their hom¢8, plus below cost of living incrwdses on fees from social servic¢s funding pu(8
financial pressure on Healey House.
Whilst Hastings and Roiher Voluntary A&socialion for the Blind remains stability sound. the Trustees hai'e had to
acknowledge larger fijnding needed lo retain the home. The Trustees musi c105ely manage costs aiid Lontinue io
improve occupancy levels.
The balance sheet remains iiell structured.
Pollcy oft reserves
The trustets have examined the requirem￿¢ for free r&serv&s are those unrestricted funds nol invested in
fixed asscts. designated for specific purposes or ￿h￿rwiSe commiited. As ai 31st Mardi 2024 rcstric(eLI lund&
totalled £6.152 12023.. £6,152) and unr&stricted funds totalled £1.215,223 12023.. £1.255,281). There Mei'e free
resen'es al thc year end of £257.409 (2023: £319.526) repr&seniLyJ by net currffli &￿ts.
With the help of monthlv management accounts, liquidity problcms can be quickly idcntified and ihL appropriate
aLtion thkcn. I lowei'er, thc policy of thc charitablc company is to build up rc5erves b)
means ()r annual ()pcrating
surplu%&% and judici<)us management of our inN'csLmeni a&scts. io ensurc that therc is suifi¢icnt liquidily ai'ailable lo
financc Lhe charity's work at all times given any id(￿lif]ed problems.
Even Myth low occupancy ai I lealcy Hous¢ He have not needed to draw on our rtserves.
PrlnLipalfunding Jources
Whilst the charilal)le ￿MpanY'S largost items af income are from Hcaley House and thc shops. Ihe investments.
don4itions, grants and legacics also provide valuable sources of income to help fund ihe ¢hariLy.
Investmenlpollry ond objectiv
The charitable company continu&s lo try ¢0 strike a balance betwttn (he need for short lerni liquidilS" and10118¢r term
groW(h. It is feli Ihat the current assets represen1￿ by. cash and bank b8lanc&s are Eufficieni io nieet the aswciatioii .
forcsccable needs. The investmcnL* rnanag￿ b). ini'esthicnt brokers. W'alker Crips Stockbrc)kers LimiiLxl are
designed ￿ give a reasonable l¢vel of dividend income LY)mbined with the opportunity for long cem ￿pital gromth.
As with the previou5 years, markets remaind uncertain. the ￿rtIo1]0 15 a longer temi investmenl and it is hoped that
the Tnarkd conditions continue to improve.
Page 3

Hastings and Rother Voluntary Association for the Blind
Trustees Report
Senior Management Team:
P Deigan
F Farrier-THryst
Structurey governance and man&gement
Nrture ofgovernlng documenl
Haslings and Rother Voluntary Associaci(m for the Blind is a company limit(yJ by guarantee governed by its
Memorandum and Articles of A&s(Kialion. It is register￿1 as a charity with the Charity Commission.
Recruitn￿￿t and appoinlmenl of truslees
The appjintmeni of truslees, vtho arc also director& 15 governed by the Articl&s of Associalion of the charitable
company. The Board of trustees is authoristyj lo app)int new Trustees to fill vawicies arising through resi8nation or
death ot an exisiing truste
The trustees ol- thc charitable company meet on a bi monthly basis C￿ more frequently if circumstances require. The
association actively sceks new truslces.
Induction dnd iralnlng oftrustees
Trustees are briefed on the or8anisation and strurture. along some background infonnation on the history of the
charity. They receive a copy ot lhe brochure and tivo years accounts.
Arrungementsfor settlhg managementper.sonnelremuneralion
Key management personnel comprises the Chief Executive and the r¢munerati(xJ reflects the responsibilities of the
role and is agreed by the Trustecs.
Orgdnlsodonalslructure
The charity is run by the trustees have apw)inted a Chief ExecutiN'e in overall charge of administration. It is Ihe
Chief ExeculiN'c's .job lo keep trustees regularly informed and to in1plem￿l the trusLees poliLies. The Cruslees hai'e
also appointed a Manager al Hcaley House to oversee all aspects of R&SIdenti￿ Car& The ini'estments are niartaged
by the stockbrokers and two of the Irustccs.
Page 5

Haslings and Rother Voluntary AssociatioD for the Blind
Trustees Report
Statement of re5ponsibilitle5 (within Trusiees Report)
The trustees are r¢sponsible for the mainienance and integrity of the corporate and financial information included oil
the charitable company's ivebsiie. Legislation governing the preparati(o] and dissem1nats.￿ of financi￿ statements
may differ from legislation in other jurisdictions.
The annual report wa5 approved by the tr￿￿e¢S of the charity on ... ....
nd signed on its behalf by:
T Novis (Treasurer}
Trustee
A PatmorL IChaimian}
Chairman and tru8lee
Page 7

Hastings and Rother Voluntary knociation for the Blind
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditurc Accounl and Statement of Total Recognised Gains and
L0￿C5)
Unrestricted
Total
2024
General
Restrlcted
Nott
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
89.674
648.193
134,779
22.853
20.354
110.028
648.193
134,779
22.21i3
Total Income
895.499
915.853
Expenditurt on:
Cost5 of trading adivilie5
Staff Costs
Investment martagemenl costs
Charitable aclivilie5
Governance ¢osts
(52,477)
(61.899)
(6.270)
{832,034)
(3,044)
152,477)
61.899)
16.2701
1852,3881
(3.0441
(20,354)
Total Expcndilure
Realised gainllloss) on inv¢s¢ments
Unrealised gainlllossl on investments
Nel expenditure
(955.724)
(9.144)
29.311
(20.354)
1976.078)
(9.1441
29.311
{40.0581
(40.0581
Net movement in fvnds
(40.058)
140.0181
Reconciliation of funds
Total funds brought lorward
Total funds carried forward
1,255.281
6.152
1.261.433
20
1.215.223
6.152
-221.375
The notes on paga$ 14 to 27 form an integra] part of these financial ststements.
Pagc 9

Hastings and Rother Voluntary knociation for the Blind
(Registration number: 3636957)
Balance Sheet a5 at 31 March 2024
2024
2023
Note
Flxed assets
Tangible assets
Investments
15
16
408.398
555..fj68
420,937
520.970
963.966
941,907
Current assets
stocks
D¢btors
Cash at bank and in hand
17
18
3.824
71.240
231.223
3,606
62,096
291.742
306.287
357,444
Credltors: Amounts falllng due withln one year
Net ¢urrent Issets
19
(48.878
(37.918)
257.409
319.526
Net Assets
1.221.375
1.261.433
Funds of the ch*rity:
Res¢rlcted ineome funds
Restricted
20
6.152
6.152
Unrestrlcted Income funds
Unrestrict&
1.215.223
1.255.281
Total funds
20
1.221.375
1.261.433
For the financial year ending 31 Marth 2024 the charity ivas eniiiled to exemption from audit undu section 477 of
the Companits Act 2006 relatin8 lo small companies.
Directors, responsibiliti£s'.
The memixrs havc not requircd the charit). io obiain an audit of its accounts for the year in question in
accordance ￿1th 5eclion 476: and
The director5 acknowledge their resFK)nsibilitiC5 for complying with the requircma]ts of tlic Act willi rcspe(C lo
accounting records and the preparation of a¢￿unts.
The not&$ on pages 14 to 27 form an integral part of thcse financia] statements.
Pagell

Hastings and Rother Voluntary knociation for the Blind
Statement of Cash Flows for the Year Ended 31 March 2024
2024
2023
Nott
Cash flows from operating activities
Ne¢ cash expenditure
40.058
1111,570
Adjustments to cgsh tlows from non-ca5h items
Depreciation
Inv￿lMent income
(Profit)Ao&8 on di.sposal of inv￿lMents
Revaluation ot investrnents
12,539
122.85))
(9.144)
(30.442
14,956
116.5251
5.950
104,837
{49.9001
109.218
(89.958)
12.3521
Worklng tapltal adjustments
Ilncrease)Idecrease in stcKks
(Increase)Ide¢rcase in debtors
Increase in crcditors
17
18
19
(218)
(9.144}
10.960
106
10.239
9.147
Net cash flows from operatin8 actii'itias
188..360
17.140
Cash floiv5 from investin% activities
Intcrost receivablc and similar inwmc
Purchasc of tangiblc fixed assds
Purchase of investm¢nts
Sale of invellmenLs
Income from dividends
2.196
390
(7,260)
15
16
1162.703)
161.421
20.657
Net cash flows from investing activities
21.571
16.8671
Cash floivs from financlng activities
Ini'estment charges
Nel (de¢reaseVincrease in eash and cash equivalents
Cath and cash equivalents at l April
Cash and cash equivalents at 31 March
6.270
6,414
(60.519)
16.687
291.742
27i,055
231.223
291.742
All ot the cash flows arc derived from continuing operations during the aknve periods.
The notes on pag&s 14 to 27 form an integral part of ihesc financial statements.
Page 13

Hastings and Rother Voluntary Association for the Blind
Notes to the Financial Ststements for the Year Ended 31 March 2024
Judgements
In preparing these financial statemenL% managemtht h&s made the folloH'ing judgements:
DetcrMInati￿ of wh¢ther there ar¢ indicatixs of lmpairni￿t of the Charitys tangible assets. Facthr5 taken into
consideration in r<aching such decision include the e¢x)nomi¢ l'iability and expected future finaneid performance ot
the asset and ￿there it is a comw)ncnl of a largtt cash-generating uniL the viability and eXpeC￿d fuiure perfoi'mance
of that unit.
Key sources of estimation uncertainty
Tangiblc fixed assets are deprecidted over their useful lives taking into account residual i'alues, M'here appropriate.
The actual lives of the assets and residual values arc &s5essed annually and may vary depending on a number ot
factors. In re-a&5essing a&set lives. factors such as lechnologial innoi'atim. product life c}'cles and maintei)ance
programmcs are takert into accouni. Residual values assessments wnsider issuos such as fjJture market ¢onditions.
thc ranaining life ot" the assei and prOJec￿d disposal valu&8. The carrying amount at the end of the r¢poriing period
is £408,398 (2023 - £420,937).
The recoverability of Ixok debts are rcviaved by m8nagemeni and a provision is made based on all the information
available.
Income and endowments
All incom¢ is recognised once the charity h3$ entitlement to the income. it is probable that the income will be
received and the amount of the income receii'able can be measured reliably.
Donailons and legacles
Donations arc recognised ithen the charity has been nolifiejj in writing of both the amount and settlement dalL. In
the event thai a donation is subject io conditions thai require a level of performance by the Lharity before the chai'ii!.
is entitled to the funds, the income is deferred and not recognised until either those conditions are lulls. rnet. or ihL
fijlfilment of those eondilions is wholly ￿n(hin the control of the charit). and it is probable that these conditions M'ill
be fulfilled in the reporting period.
Legacy gifts are recognised on a Lase bv case basis folloiiing the grant of probate ￿then the administratorlexecutor
for the estate has communicated in uriting tmith the amounl and settlement date. In the efv'ent that the 8ift is in the
forni of an &sset other than cath or a financial a&5et traded on a recognised stock exthang& recogniti￿ IS subject to
the value of the gift being reliably measurable Hith a degree of reasonable accuracy and the title to the assd having
been transferred to the charity.
Grunts receivable
Grants are recognised when the charity h&$ an entitleM￿l to the funds and any ci)nditions linked to the grants hai.'e
en mel. Where pertormance conditions are attachd io the grant and are yet to be m¢L the income is recognised as
a liability and included on the balance sheet as deferred income to be released.
Inveslmentlncome
Interest on funds held on deposit is included Mllen receiiTable and the amount c&n Ir measured reliably by the
charity. this is nornially urA)n nolification of the interest paid or payable by the bank.DiN'idends are recognised once
the dividend has been declared and notification has been received of Ihe dividend due.
Pagc 15

Hastings and Rotber Voluntary Association for the Blind
Notes lo the Financial Statements for the Year Ended 31 March 2024
Depreciation and *morti5atio
DcpreciatI(￿ is provided on iangible fixed &&setS SO ds io MTite off the c051 or valuati<￿, Ics5 any ￿tIM￿ted residual
'alue, over their cxpcclcd useful ecunomic lifc as lollows..
A$set class
Fre¢hold property
Other buildings
Fixtur￿ and fittings
Motor vehicles
Depreeigtion method and rate
20/0.Straighi line ba.41.8
IOO/o reducing balancc
200/0 reducing ￿lance
25Q/o reducing balance
Fixed asset Investments
Fixed a&set investment& other than pro8ramme relaied Investmen￿ are includr)J at market value at che balance sheet
dak. Realised gains and losses on inv&simenLS are calculated as the difference Ixthyeen sales proceeds aiid their
market value at the start of the Y￿r. or their subsequent cost. and are chargal or credited to the Statement of
Financial Activities in the peri¢xl of dispjsal.
unrealis￿ gains and losses represen( the movement in market values during the year and are credited or charged to
the Statement of Financial A¢(ivitics based on the markd value ai the year end.
Stock
ii)Lk is valued at the lou'er of C￿$t and ￿tiMated sellin8 pri¢¢ costs io complct¢ and sell, aft¢r due regard ￿r
obsolel¢ and slow moving stocks. C05t is delerniincd using the first-in. firstryoul IFIFO).
Trade debtors
Trade debt(Irs are amounts due from cuStoMer￿residents for merchandise sold or scri'ices performed in the ordinary
c()ur.%e of busin￿.
Trade debtor5 are recognised at the transacti(m price.
Cash And eAsh equlv*lent$
Cash and cash equivalents comprise cash on hand and c￿1 dcwsits. and ()ther short-tem) highly liquid initestments
that are readily convertible to a known amount of cash and are subject to an insignifiLxnt risk of change in value.
Trade creditors
Trade creditors are obligations to pay for gcds or seThice5 that have been acquird in the ordinary course of
sincss from .8uppliers.
Trade creditors are recogniscd initially at ihe transaCU￿ price.
Page 17

Hastings and Rother Voluntary Association for the Blind
Notes lo the Financial Statements for the Year Ended 31 March 2024
5 Income frotn other trading activities
Unrestricted
funds
General
Total
funds
Total
2023
Trading income.
Shop income from sale of donated g(xJds and services
Local tundraising and stree( ￿lleCtIOn income
124,636
10.143
124.636
10.143
136,968
7.6119
134 779
134 779
144.657
6 Investment Ineome
Unrestrltted
funds
Genernl
Total
2024
TotAI
2023
lrtcome from dividends..
Dividcnd% receivable from (￿her listed ini'csiments
Interest receivablc and similar incomc:
Inter&st receivable on bank d¢tasits
20.657
20.657
16.13q
2.196
2.196
39n
?2.853
16.525
7 Expenditure on raising funds
8) Cos¢s of tradlng actlvlties
Ilnrestricted
funds
CTeneral
Total
2024
Total
2023
Note
Costs of goods sold
Local fjjndraising and street collection
52.375
102
52.375
102
44.558
39fi
52.477
52,477
44,954
Staff costs £66.461 (2023.. £62.303)
Page 19

Hastings and Rotber Voluntary Association for the Blind
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Net incomingloutgoing resouret5
Net outgoing rL50urces for the year includ
2024
2023
Profit on disposal of investments
Depreciati(x] of fixed assets
Independent review fee
19.144)
12.539
3.044
(5.9i0I
13.504
I l Trusttes remuneratlon and expenses
No trustees. nor any persons connected with them. have received any remuneratiffi from the charity during the year.
No trustees have received any reimbursed expenses or any other benetits from the charity during the }'ear.
12 St4ff costs
Th¢ ag8regatc payroll costs were as follows:
2024
2023
SIAff costs during ¢he year were:
Wa8es and salaries including employers nati￿al insuranLY
Pension costs - employee and cmployer costs
593.193
26.227
500.307
23,470
619.420
5?3.777
Page21

Hastings aDd Rother Voluntary A&sociation for the Blind
Notes lo the Financial Statements for the Year Ended 31 March 2024
15 Tanglble flxed assets
L4nd aDd
building5
Furniture and
equipment
Motor vebicle5
Total
Cost
Ai l April 2023
464.077
207.887
173.385
84i.349
At 31 Marth 2024
464.077
207.887
173.385
845.349
D¢preciatio
At l April 2023
Charge for theyear
76.283
5.155
189.8A5
3.609
158.284
3,775
424.412
12,539
At 31 March 2024
81.438
193.454
162.059
436.951
Net book value
A¢ 31 March 2024
382,639
11.326
408.398
At 31 Marth 2023
i87.794
18.042
15.101
420.937
Includcd ￿'1th1N the nei tM)ok value of land and buildings 8lxJi'e is £361.879 (2023 - £367,577) in respecl of freehold
land and buildings and £20,760 (2023 - £25,6.30) in res￿1 of other buildin￿.
16 Filed asset investments
2024
2023
Other investments
555 568
520 970
Page 23

Hastings and Rother Voluntary Association for the Blind
Notes to the Financial Statements for the Year Ended 31 March 2024
20 Funds
Oiher
recognlsed
galnslllosses
B412nce at
31 March
2024
Balance at I
April 2023
Incoming
resources
Resources
expendtd
Unrtytricted funds
Generol
Unr￿trICted fvnds
.255.281
915.853
(976,078)
20,167
1.215.223
Restricled funds
R¢stricted fund
6.152
6.152
Total funds
.261.433
915.853
1976.078
20,167
1.221.375
Other
retognised
gainslllosses>
Balanfe at
31 Mareh
2023
Balance At I
April 2022
Ineomlkng
resourees
Rtsourees
expended
Unrestrlcted funds
General
Ilnrestrictcd funds
.366.851
927,488
(928,271)
(110,7871
-255,281
Re5tric¢ed
Restricted fund
6,li2
35.423
135.423
6.152
Total thnds
,373 003
1.261.433
Page 25

Hastings and Rotber Voluntary A&sociation for the Blind
Notes to the Financial Statements for the Year Ended 31 March 2024
22 Related party transactions
During the year the charity madc thc following related party transacti{￿s.
Thirtle Harvey
Thirtle Harvey madc a donation to Hastings & Rother Voluntary A&sociation for the Blind during the year of
£40,000. (202).. £20,000)
The majority of the truslecs of Thirtle HaTrey Memorial Home are also Tr￿st￿ for Hastings & Rother Voluntary
Association for the Rlind.)
At the balance sheet date the amount due t(rffrom Thirtle Harvev w&$ £Nil (2023 - £Nil).
23 Analysis of net funds
At l April
2023
Financing cash
flows
At 31 March
2024
Cash at bank and in hand
291.742
160.519)
2 J1,2?3
Net debt
291.742
{60:519)
2_?1.223
At l April
2022
Financing cash
flows
At 31 March
2023
Cash at bank and in hand
275.055
16.687
291.74?
Net debt
275.055
16.687
291.742
Page 27