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2022-12-31-accounts

NEWCASTLE VISION SUPPORT

(A charitable company limited by guarantee)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

31 DECEMBER 2022

Registered company number 05865697 Registered charity number 1115815

ARMSTRONG WATSON Chartered Accountants Newcastle upon Tyne

NEWCASTLE VISION SUPPORT

31 DECEMBER 2022

CONTENTS

Page
1 Reference and administrative details
2 Trustees’ report
9 Independent examiner’s report
10 Statement of financial activities
11 Balance sheet
12 Notes to the financial statements

NEWCASTLE VISION SUPPORT

REFERENCE AND ADMINISTRATIVE DETAILS

31 DECEMBER 2022

Company number: 05865697 Charity number: 1115815 Website: www.newcastlevisionsupport.org.uk

Trustees

Mr S B Bell, Acting Chair of Trustees and Management Committee (resigned 26 July 2022) Mr R E Boggie, Chair of Trustees and Management Committee (from 26 July 2022) Mr E H Tainsh, Management Committee (resigned 6 October 2022) Prof M Cattan (resigned 26 July 2022) Mr J A Cokeley (resigned 26 July 2022) Mrs A C Goodfellow Mrs M A Deas Mr R Davies (appointed 26 July 2022) Mrs V Harris-Merrick (appointed 26 July 2022)

*denotes trustees who have a visual impairment

Co-opted member of the Management Committee

D L Kilner FCA (resigned 26 July 2022)

Staff information:

Chief Executive Officer (P/T) Vision Support Worker (P/T) Empowerment Officer (P/T) Support Worker for Mr A Huntley (P/T) IT Support Worker (P/T) Support Worker for Mr. A. Huntley (P/T) IT Support Worker (P/T) Office Manager (P/T) Welfare Rights Advisor (P/T) Business Administration (P/T) Safeguarding Adults Officer (P/T) Bookkeeper (P/T) (Self-employed) Group Activities Coordinator

Miss S Gregg (to 8 April 2022) Mrs J Smith Mr A Huntley (to 18 March 2022) Mr J Braithwaite (to 18 March 2022) Mr A Huntley (from 21 September 2022) Mr G Manwell (from 22 November 2022) Miss P Ho (to 28 February 2022) Mrs P Taylor (from 1 July 2022) Mrs P Taylor Miss C Lee Mrs S Heatherington (from 5 October 2022) Mrs S Bowdon Miss B Stead

Registered and principal operating office

MEA House Ellison Place Newcastle upon Tyne NE1 8XS

Independent examiner

Bankers

D R Gold FCA Lloyds Bank Armstrong Watson Audit Limited 102 Grey Street One Strawberry Lane Newcastle upon Tyne Newcastle upon Tyne NE99 1SL NE1 4BX

Investment manager

RBC Brewin Dolphin UK Time Central Gallowgate Newcastle upon Tyne NE1 4SR

1

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

The Trustees, who are also Directors for the purposes of company law, are pleased to present their report, together with the unaudited financial statements of the charity for the year ended 31 December 2022 which are also prepared to meet the requirements for a directors’ report and financial statements for Companies Act purposes.

Reference and administrative details set out on page 1 form part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland – Charities SORP FRS 102 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Structure, governance and management

Governing document

Newcastle Vision Support (NVS) is a company limited by guarantee and is governed by its Memorandum and Articles of Association, as amended 25 July 2018. It is a charity registered with the Charity Commission.

Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. At each AGM, one third of the Trustees retire by rotation. The Trustees who served during the year and up to the date of this report are set out on page 1.

Policies adopted for the induction and training of Trustees

The policies adopted follow the Code of Governance for the Voluntary and Community Sector as published by the Charity Commission.

Organisational structure and decision-making

The policies adopted to further the objects of the charity are formulated by the Trustees who meet quarterly.

The day-to-day management and running of the charity is the responsibility of the CEO.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate their exposure to the major risks.

Objectives and activities

Aims and objectives. The history of NVS goes back to 1867 and its aims are:-

‘To promote any charitable purpose for the benefit of sight impaired and severely sight impaired people living in Newcastle upon Tyne and the surrounding area’. This is achieved by the provision of support calculated to meet their needs - provided that such support will be given in a way which increases and respects their independence, choice, privacy and dignity. These aims and objectives are realised through NVS’s provision of a range of specialist, supportive and enabling projects which continue to be developed to meet the identified needs and aspirations of our service users.

2

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Objectives and activities (continued).

Meeting the Charity Commission’s requirement of Public Benefit. NVS achieves this through offering its services mainly free of charge to our service users. The projects described below illustrate how this provision ensures that NVS meets its Public Benefit responsibility.

Overview of NVS’s Provision. NVS’s work includes:- Outreach, Advocacy, Empowerment, Safeguarding, Financial Inclusion and IT support. In addition, we provide a range of social and support groups to improve the quality of our service users lives, this is through offering specialist support to enable people to maintain and develop skills and self-confidence, reduce isolation, loneliness and depression.

Achievements and performance

Firstly, I would like to take the opportunity to greatly thank the staff for all their hard work and dedication throughout 2022, delivering valuable services to our clients.

NVS projects

Vision Inclusion

Throughout this service we have continued to coordinate and facilitate the Vision Matters Course. The course runs in blocks of five weekly sessions and gives helpful information and advice for all attendees, whether they are new to sight loss or have noticed recent changes in sight. During the year we have run 6 sessions with 49 attendees.

We have referred 85 Service Users over to ‘Social Care Direct’ for support with daily living skills/lighting assessments/mobility training and for equipment which helps them maintain their independence whilst living with sight loss. We have also referred 10 Service Users over to ‘Blind Veterans’. We have worked in North Tyneside in the last six months of the year with extra funding from ‘Awards for All’ enabling support to 25 families.

We have supported over 140 individual Service Users accessing ‘The British Wireless for The Blind Fund’ and ‘Talking Books’ and have referred over 60 people to join social groups run by our Activity Coordinator. 40 Service Users have also been referred to our counselling /psychological services and health and wellbeing support whilst accepting the diagnosis of sight loss. We refer over to ‘Safeguarding’ if we feel there is an issue/risk involved.

We have continued to work alongside organisations such as ‘Optelec’, ‘RNIB’, and ‘Associated Optical’, increasing our available resources of equipment which can be demonstrated to our Service Users to ascertain if the products are suitable for user’s needs. Over 60 Service Users have benefited from this service. We have already ordered and purchased over 150 pieces of equipment to support people who struggle with sight loss and have made 4 Grant applications to the RNIB for iPads and iPhones.

In total we have supported 178 individual service users over the year. Each Service User has a unique 12 week support plan available to them, and quite often this needs to be extended according to their individual needs.

3

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Financial Inclusion Officer / Financial Inclusion

Throughout the year of 2022 we supported 172 individual people making the total amount of benefit secured to just over half a million pounds. A summary of the amounts is given below:

ESA (Employment Support Allowance) 7 people £50,960
PIP (Personal Independence Payment) High rate 32 people £245,760
Universal credit 8 people £58,240
AA low rate 50 people £158,600

5 people were supported with housing enquiries.

In addition, 15 Blue Badges and 10 TV licences were applied for, and 40 additional home visits for general enquiries.

Information Technology Officer

2022 was a year of many changes for the IT service. Services were delivered until March 2022 when Penny moved areas and no more funding was available. Between January 2022 and March 2022 Penny dealt with 15 referrals through a mixture of home visits, face to face work and remote telephone support until the project ended.

Empowerment Project

2022 was a quieter year for the Empowerment Project, not least because funding for the project (previously provided by the Kellett Fund) ended on 31 March, with no further funding having been secured. Therefore, since January the focus has been on bringing the project to a close - tying up loose ends, creating a document detailing the achievements of the project and handing over some work which could be picked up by other members of staff at NVS.

Overall, the project has empowered people with sight loss in the Newcastle area to campaign on issues which they feel are important to them and has delivered many campaigning successes including AV announcements on stagecoach buses in Newcastle, improved AV announcements on Metro trains and stations, improvements to the visual design of Metro timetables and improved safety on Metro stations through tactile markings on Metro station platforms. Whilst it’s unfortunate the Empowerment Project came to an end, it has left behind a legacy which Newcastle Vision Support can be proud of.

Safeguarding and IT Project

We received a three-year Lottery grant for the IT and Safeguarding Project which was part of a joint funding bid with Sunderland and Hartlepool blind societies, as part of their “One Vision” project in May 2022. We then advertised the posts and offered the positions to Angus Huntley (IT) and Sharon Heatherington (Safeguarding) who both joined NVS at the end of September 2022.

Safeguarding for the last three months of the year was all about advertising the services of our new Safeguarding Officer, as we have not had one in post for several years. By the end of the year, Sharon had received five safeguarding referrals. The service has been promoted more about the prevention of safeguarding and the services we could put in place for clients with needs. Such clients could be addressed with the support of Sharon rather than safeguarding referrals being made to Social Care Direct.

4

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Safeguarding and IT Project (continued)

Since starting in post in September, Angus has dealt with 32 referrals, which began arriving in May 2022 when there was no IT officer in post. These have in the main been dealt with as 1 to 1 sessions (65 in total), however Angus and his support worker did make 10 home visits and offered 12 remote support referrals. Some of these were enquiries re. access to work funding, with people who had experienced sight loss and who needed support and guidance regarding the access to work process and what to expect. The rest of these remote referrals were simpler issues that could be dealt with by phone, talking the service user through what to do to resolve a problem with their technology or providing advice regarding specific pieces of equipment. The project has also provided funds to refresh our demonstration equipment, so we have now purchased new smartphones, tablets, and a laptop to demonstrate magnification and screen reading software.

Group Activities Coordinator

Our Group Activities Coordinator Beth has offered support for 115 individuals this year with our social groups and volunteering programme.

Chair Exercise:

Chair exercise, a new weekly group this year. With 12 members, we have had a lot of positive feedback on the physical and mental health effects that the exercise class has on the group.

Yoga:

Yoga, with 5 members, has run consistently on a weekly basis in term time. We have had positive feedback from the group around the class, the staff, and the assistants.

Macular and CU Wednesday Group:

Beth has consistently coordinated monthly speakers for the Macular Group of 44 members, aiming to focus particularly on research and new information around Macular, other sight loss or age related health.

For the CU Wednesday Group with 81 members, Beth has scheduled regular monthly speakers which are entertaining or focus on other local services that individuals can access.

Walking Group:

The walking group of 24 members has been regularly running this year and is very well attended. New walks have been developed including Exhibition Park and Jesmond Dene.

5

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Group Activities Coordinator (continued).

Knit and Natter:

Knit and Natter, with 15 members, has continued to run on a weekly basis without fail. This has been an important support group for the individuals that attend and something we plan to continue well into the future.

Art Group:

The Art Group which was new to 2022 has continued bi-weekly with 17 group members. The group involves sessions of varied arts and crafts activities focusing on wellbeing and mindfulness.

Volunteering

Beth regularly works alongside The Volunteer Centre to recruit new volunteers. In 2022 there were 35 volunteers all together, and 10 of these were newly recruited.

Business Administrator

Courtney is the first point of contact here at Newcastle Vision Support (NVS). She deals with incoming calls, whether this be queries regarding sight loss, groups, or information and advice. Courtney deals with most of the correspondence that comes into NVS and acts as a key liaison to make referrals internally and externally. Courtney produces the quarterly newsletters at NVS in 4 accessible formats as well as the monthly group invite letters, yearly membership mail outs and all the correspondence for the Annual General Meeting.

Courtney arranges the transport for service users attending groups and events. Alongside this, Courtney is responsible for organising events such as our annual Christmas lunch and any fundraising events that we may hold throughout the year. Courtney deals with finance related tasks such as ordering with external suppliers, analysing invoices, and managing incoming petty cash. Courtney provides support with funding by collating information and producing funding reports and bids, as well as providing one to one support to the office manager by proof reading documents before they are distributed both internally and externally. Courtney is the person that keeps our organisation running as smoothly as it does. She has a vital role within our organisation.

Additional activities

In 2022 we held our annual Christmas lunch. The attendance of this was 130 people. We received tremendous feedback from this event. The service users had a fabulous afternoon, catching up with friends who they had not seen due to the pandemic and being entertained by the Newcastle Dementia Choir.

Board of Trustees

The Board of Trustees wish to thank all staff, volunteers, service users and partners for their continued hard work and commitment to NVS during 2022. During the year we received a number of grants and donations. The receipt of grants, donations and legacies is very gratifying for the Board of Trustees because they reflect a full appreciation by service users of the continued hard work and dedication of the staff.

6

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Financial review

The principal sources of income comprised grants, donations and legacies and charges for services and equipment as shown in notes 4 and 5 respectively.

The net expenditure for the year after investment losses amounted to £10,128 (2021: £112,742) as shown in the statement of financial activities on page 10.

Reserves policy

In determining the charity’s reserves policy, the Trustees have taken into account the unpredictable nature of its income from donations, gifts and legacies and the need to avoid suspension of much needed services to its vulnerable client group.

The Trustees have therefore resolved that, so far as possible, unrestricted reserves should be held to enable services to be sustained for a period of six months in the event of a marked downturn in income. Such reserves would also be required to cover the financial obligations of the charity in the event of dissolution.

The Trustees are carefully monitoring the reserves position on a regular basis to ensure current services can be maintained.

The unrestricted reserves not invested in fixed assets at 31 December 2022 were £100,443 (2021: £99,160), which represents approximately 7 months’ expenditure and excludes £40,493 of designated funds (2021: £44,362).

The charity has two designated funds as follows:

Safeguarding: £30,000 had been designated in 2018 to support safeguarding for a period of three years.

Additional activity room: In 2018, £25,000 had been designated to pay for the new activity room over the period of its lease. At 31 December 2022, the fund balance stood at £10,493.

Investment policy and performance

The Trustees have agreed a policy for investing funds, enabling them to maintain a strategic reserve of funds while providing funding for the activities of the charity. The investment managers have been instructed to provide an execution only service.

Principal funding

NVS’s Trustees would like to thank the following funders for supporting the charity’s work during 2022. Without this financial support NVS could not have provided its clients with its vital support.

The Trustees would also like to thank the many members and supporters for their generous donations during the year, including:

Community Foundation James Tudor Foundation Masonic Charitable Foundation National Lottery Community Fund

Newcastle City Council Sir James Knott Trust The Joseph Strong Frazer Trust

7

NEWCASTLE VISION SUPPORT

TRUSTEES’ REPORT

YEAR ENDED 31 DECEMBER 2022

Plans for the future

The charity is hoping to continue all its essential activities but will also aim to respond to any new initiatives provided funding can be obtained.

Statement of trustees’ responsibilities in relation to the financial statements

The Trustees (who are also Directors of Newcastle Vision Support for the purposes of company law) are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the Trustees on 22 August 2023 and signed on their behalf by:

Mr R E Boggie Chair

8

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF NEWCASTLE VISION SUPPORT

I report to the charity Trustees on my examination of the financial statements of the company for the year ended 31 December 2022, which are set out on pages 10 to 19.

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 financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements 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 your charity’s financial statements as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

D R GOLD FCA Independent Examiner Armstrong Watson Audit Limited One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date: 29 August 2023

9

NEWCASTLE VISION SUPPORT

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
Note
funds
funds
£
£
Income from:
Donations and legacies
4
47,176
101,676
Charitable activities
5
4,407
1,215
Investments
6
1,943
-
Total income
53,526
102,891
Expenditure on:
Raising funds
2,544
-
Charitable activities
49,721
109,429
Total expenditure
3,7
52,265
109,429
Net (expenditure) income before
investment (losses) gains
1,261
(6,538)
Net (losses) gains on investments
(4,851)
-
Net expenditure and
movement in funds
(3,590)
(6,538)
Reconciliation of funds:
Total funds brought forward
146,530
20,491
Total funds carried forward
12,13
142,940
13,953		 Total
funds
2022
£
148,852
5,622
1,943
156,417
2,544
159,150
161,694
(5,277)
(4,851)
(10,128)
167,021
156,893		 Total
funds
2021
£
59,585
7,496
2,242
69,323
6,212
179,005
185,217
(115,894)

3,152
(112,742)
279,763
167,021

The results for the year derive from continuing activities and there are no gains and losses other than those shown above.

The notes on pages 12 to 19 form part of these financial statements

10

NEWCASTLE VISION SUPPORT

BALANCE SHEET Company number: 05865697

AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
8
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors:amounts falling due within
one year
11
Net current assets
Net assets
Charity funds
12,13
Unrestricted income funds
Designated funds
Restricted income funds
Total funds		 £
2,004
57,725
22,115
84,760
106,875
(9,711)		 2022
£
59,729
97,164
156,893
102,447
40,493
13,953
156,893		 £
3,008
62,507
3,885
104,011
107,896
(6,390)		 2021
£
65,515
101,506
167,021
102,168
44,362
20,491
167,021

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees and authorised for issue on 22 August 2023 and are signed on their behalf by:

Mr R E Boggie Chair

The notes on pages 12 to 19 form part of these financial statements

11

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Legal status of the charity

The charity is a company limited by guarantee. The members of the charity are the Trustees on page 1. The address of the registered office is 3rd Floor, MEA House, Ellison Place, Newcastle upon Tyne, NE1 8XS. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2. Accounting policies

The principle accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated. They have been prepared in accordance with 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 - Charities SORP FRS 102 (1 January 2019), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional and presentation currency of the charity.

Newcastle Vision Support meets the definition of a public entity under FRS 102.

(b) Preparation of financial statements on a going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

(c) Fund structure

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds which the Trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

(d) Income recognition

All income is included in the statement of financial activities when the charity is legally entitled to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The following specific policies are applied to particular categories of income:

Legacies - are recognised following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Gifts in kind - donated for distribution are included at fair value and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the fair value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

12

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

(e) Expenditure recognition

Expenditure is recognised once there is legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is included in the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Costs of expenditure on raising funds comprise the costs incurred towards obtaining income from grants and donations.

Charitable expenditure comprises all costs of activities in furtherance of the objects of the charity. Governance costs include those costs incurred in connection with compliance with constitutional and statutory requirements and costs associated with the strategic management of the charity. Support costs are allocated on the basis of staff time spent on each activity and are shown in note 7.

(f) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost less estimated residual value of tangible fixed assets over their expected useful lives as follows:

Furniture and fittings - 25% per annum straight line Computer equipment - 33% per annum straight line

(g) Investments

Investments are a form of financial instrument and are initially recognised at transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

(h) Cash at bank

Cash at bank includes a current account and an instant access deposit account.

(i) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

(j) Financial instruments

The charity only has financial instruments and financial liabilities that qualify as basic instruments. Basic instruments are initially measured at transaction value and subsequently measured at their settlement value, other than investments as noted above.

(k) Operating leases

The charity classifies the lease of the premises and photocopier hire as operating leases. Rental charges are charged on a straight line basis over the term of the lease.

(l) Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity contribution in the year is disclosed in note 7. There were no outstanding contributions at the year end. The administration costs of the defined contribution scheme are included within charitable activities support costs as set out in note 7. The money purchase plan is managed by People’s Partnership (The People’s Pension). The charity has no liability beyond making its contribution and paying across the deductions for the employee’s contributions.

13

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

3. Net expenditure for the year 2022 2021
£ £
Net expenditure for the year is stated after charging:
Independent examination and accountancy services:
Independent examination 1,290 1,175
Accountancy services 2,550 2,257
Depreciation of tangible fixed assets 1,904 2,026
4. Income from donations and legacies Unrestricted
Restricted		 2022 2021
£ £ £ £
Donations and in kind support 22,676 292 22,968 17,188
Legacies 10,000 - 10,000 355
Grants 14,500 101,384 115,884 42,042
47,176 101,676 148,852 59,585
5. Income from charitable activities Unrestricted
Restricted		 2022 2021
£ £ £ £
Charges for services and equipment 4,407 - 4,407 4,099
Contributions for outings - 1,215 1,215 3,397
4,407 1,215 5,622 7,496
6. Income from investments Unrestricted
Restricted		 2022 2021
£ £ £ £
Investment income 1,943 - 1,943 2,242
7. Total expenditure Raising Charitable Governance
Total		 Total
funds
activities		 2022 2021
£ £ £ £ £
Direct costs
Purchases - 3,635 - 3,635 8,462
Transport and outings - 6,837 - 6,837 9,032
Wages and salaries -
69,085		 - 69,085 70,611
Staff and volunteer training - 706 - 706 -
Staff and volunteer expenses and travel - 3,711 - 3,711 5,668
Establishment expenses -
16,581		 - 16,581 17,362
Advertising - - - - 33
Printing, postage, stationery and telephone - 5,394 - 5,394 4,154
Carried forward -
105,949		 - 105,949 115,322

14

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7. Total expenditure(continued)
Brought forward
Direct costs (continued)
Repairs and renewals
Computer maintenance
Project expenditure
Sundry expenditure
Counselling costs
Depreciation and loss on disposal
Accountancy and independent examination
Fundraising costs
Investment management costs
Allocated support costs
Wages and salaries
Pension administration costs
Staff and volunteer training
Staff and volunteer expenses and travel
Establishment expenses
Advertising
Printing, postage, stationery and telephone
Repairs and renewals
Legal and professional fees
Bookkeeping fees
Computer maintenance
Sundry expenditure
Depreciation
Total expenditure
Summary of total expenditure:
Direct costs
Allocated support costs
Governance
Total expenditure on charitable activities		 Raising Charitable Governance
Total
Total
funds
activities
2022
2021
£
£
£
£
£
-
105,949
-
105,949
115,322
-
-
-
-
-
-
-
216
360
231
2,985
3,634
283
-
-
-
-
-
-
-
-
-
-
-
3,840
-
-
231
2,985
3,634
283
-
-
3,840
216
360
164
6,508
2,865
322
19
69
3,432
216
360
1,968
-
-
-
-
-
-
-
-
-
-
-
-
20,887
249
20
225
8,123
-
2,480
116
48
4,663
1,262
283
1,904
1,968
-
-
-
-
-
-
-
-
-
-
-
-
24,823
249
20
225
8,123
-
2,480
116
48
4,663
1,262
283
1,904
34,915
249
-
461
8,528
17
1,821
82
48
4,508
3,032
322
1,957
2,544
153,342
5,808
161,694
185,217
576
113,082
3,840
117,498
129,277
1,968
40,260
1,968
44,196 55,940
2,544
153,342
5,808
161,694
185,217
5,808
159,150		 Raising Charitable Governance
Total
Total
funds
activities
2022
2021
£
£
£
£
£
-
105,949
-
105,949
115,322
-
-
-
-
-
-
-
216
360
231
2,985
3,634
283
-
-
-
-
-
-
-
-
-
-
-
3,840
-
-
231
2,985
3,634
283
-
-
3,840
216
360
164
6,508
2,865
322
19
69
3,432
216
360
1,968
-
-
-
-
-
-
-
-
-
-
-
-
20,887
249
20
225
8,123
-
2,480
116
48
4,663
1,262
283
1,904
1,968
-
-
-
-
-
-
-
-
-
-
-
-
24,823
249
20
225
8,123
-
2,480
116
48
4,663
1,262
283
1,904
34,915
249
-
461
8,528
17
1,821
82
48
4,508
3,032
322
1,957
2,544
153,342
5,808
161,694
185,217
576
113,082
3,840
117,498
129,277
1,968
40,260
1,968
44,196 55,940
2,544
153,342
5,808
161,694
185,217
5,808
159,150
2,544 153,342
576
1,968		 113,082
40,260
2,544 153,342
5,808
159,150

15

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7. Total expenditure (continued)

Staff costs: 2022 2021
£ £
Wages and salaries 88,915 101,010
Social security costs 1,604 1,938
Pension costs 1,669 1,845
Other staff costs 1,719 733
93,907 105,526
The average number of employees for the year, analysed by function was as follows:
Number Number
Charitable activity and support staff 5 6

The charity considers its key management personnel comprise the Trustees and the Manager. The total employment benefits of the key management personnel were £7,418 (2021: £22,056). No employees received remuneration above £60,000.

None of the Trustees received any emoluments during the year.

The aggregate amount of expenses reimbursed to the Trustees during the year was £nil (2021: £nil). The number of Trustees reimbursed for travelling expenses was nil (2021: nil).

8. Tangible fixed assets
Furniture
Computer
and fittings
equipment
£
£
Cost
At 1 January 2022
3,377
42,739
Additions
-
900
Disposals
-
-
At 31 December 2022
3,377
43,639
Depreciation
At 1 January 2022
3,290
39,818
Charge for year
59
1,845
On disposals
-
-
At 31 December 2022
3,349
41,663
Net book value
At 31 December 2022
28
1,976
At 1 January 2022
87
2,921		 Total
£
46,116
900
-
47,016
43,108
1,904
-
45,012
2,004
3,008

16

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

9. Fixed asset investments

9. Fixed asset investments
Summary
Listed investments
Cash available for reinvestment by investment advisers
Listed investments
Market value at 1 January 2022
Additions at cost
Disposals at carrying value
Net (losses) gains on revaluation
Market value at 31 December 2022
Historical cost at 31 December 2022		 2022
2021
£
£
55,208
60,059
2,517
2,448
57,725
62,507
2022
2021
£
£
60,059
56,907
-
-
-
-
(4,851)
3,152
55,208
60,059
48,410
48,410

The investments are subject to the price and yield volatility of the investment portfolio, but this is considered necessary to achieve a higher total return in the long term.

10. Debtors
Other debtors
Prepayments and accrued income
11. Creditors:amounts falling due within one year
Other creditors and accruals		 2022
2021
£
£
1,136
1,355
20,979
2,530
22,115
3,885
2022
2021
£
£
9,711
6,390

17

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

12. Charity funds

12. Charity funds
At 1 Jan Movement in funds Gains At 31 Dec
2022 Income Expenditure (losses) 2022
£ £ £ £ £
Unrestricted income funds
General funds 102,168 53,526 (48,396) (4,851) 102,447
Designated funds:
Safeguarding 30,000 - - - 30,000
Activity room 14,362 - (3,869) - 10,493
146,530 53,526 (52,265) (4,851) 142,940
Restricted income funds
Daycare 18,330 16,837 (35,167) - -
Macular 1,971 625 (2,596) - -
Safeguarding adults - 11,284 (11,284) - -
Empowerment - 5,000 (5,000) - -
Welfare benefits - 4,821 (4,821) - -
Vision matters - 32,512 (32,512) - -
Core salary costs 190 13,173 (11,068) - 2,295
IT Support - 8,639 (6,981) - 1,658
Core costs - 10,000 - - 10,000
20,491 102,891 (109,429) - 13,953
Total funds 167,021 156,417 (161,694) (4,851) 156,893
Summary of funds
At 1 Jan Movement in funds Gains At 31 Dec
2022 Income Expenditure (losses) 2022
£ £ £ £ £
Unrestricted income funds 102,168 53,526 (48,396) (4,851) 102,447
Designated funds 44,362 - (3,869) - 40,493
Restricted income funds 20,491 102,891 (109,429) - 13,953
167,021 156,417 (161,694) (4,851) 156,893

18

NEWCASTLE VISION SUPPORT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

12. Charity funds (continued)

Restricted funds:

Income for the year includes the following:

Vision Matters

Grants totalling £32,512 were received towards Vision Matters projects. Daycare

Grants and donations totalling £16,837 were received to fund Daycare projects. Core costs

Grants totalling £23,173 were received towards core costs.

13. Analysis of net assets between funds
Unrestricted income funds
Designated funds
Restricted income funds
Total funds
Analysis of net assets between funds - prior year
Unrestricted income funds
Designated funds
Restricted income funds
Total funds		 Tangible
Fixed
Net
fixed
assets current
Total
assets
investments
assets
2022
£
£
£
£
2,004
57,725
42,718
102,447
-
-
40,493
40,493
-
-
13,953
13,953
2,004
57,725
97,164 156,893
Tangible
Fixed
Net
fixed
assets current
Total
assets
investments
assets
2021
£
£
£
£
3,008
62,507
36,653
102,168
-
-
44,362
44,362
-
-
20,491
20,491
3,008
62,507 101,506
167,021

14. Operating lease commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:

Expiry date:
Later than 1 year and not later than 5 years
Not later than 1 year
 2022
2021
£
£
2,012
3,474
1,006
18,696
3,018
22,170
___

19