REGISTERED COMPANY NUMBER.. 06972185 IEriEland and.W31e51 REGISTERED CHARITY NUMBER: 1132353 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR LINCOLN & LINDSEY BLIND SOCIETY
LINCOLN & LINDSEY BLIND SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Annual report of the Trustees Independent Examlner's Report Statement of Financial Activlties Balance Sheet Iotoll Notes to the Financlal Statements 12to20
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2024 The Trustees, who are also directors of the charity for the purposes of the Companies Act 20061 present their report with the financial statement5 of the charity for the year ended 31 March 2024. The Trustees have adapted the provisions of the Statement of Recommended Practice1SORPI 'Accounting and Aeporting by Charities, issued in January 2019, Reference and adminlstratlve detalls Reglstered Charlty narne Lincoln & Lindsey Blind Society 6972185 (England & Walesl Company reglstratlon number Reglstered Charlty nurnber Registered office 1132353 Bradbury House Ramsgate Louth LNII ONB Trustees Mr T Dixon (Chairl Mr J Durham (Vice Chalrl Mrs A Moore Mr H Genn Mr l< Kelsey Mrs D Selfe Mr R Edmonds Ms L A Peacocl< Mrj Coles Mi55 C Challis (Co-opted 28th November 20231 Mrs M Johnson Company Secretary -Independent Exarrilner Mrs Susan kitchen ¢CtA The Old School House Wainfleet Road Irby in the Marsh Skegness Lincs PE24 SAY Bankers Unity Trust Nine Brindley Place Birmingham 812HB HSBC Ban1< PLC Stonebaw 8ranch 221 High Street Lincoln LNI ITS Investment Advisers Investec Wealth & Management 2 Gresham Street London EC2V 7QP Chief Executive Mr5 M Johnson Page I
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2024 Structure, Governance and Management Governing Document The charity is contro I led by its governing document, a deed of trust, a nd constltutes a limlted compa ny, limited by guarantee, as defined by the Companies Act 2006. The charityls an incorporated company limited by guarantee and controlled by its Memorandum and Articles of Association IM&A'sl, The society was origlnally establlshed in 1921 and incorporated in July 2009. Organisatlonal Structure Overall control Is exerclsed by the Trustees who form the Executive Committee, The ExecutSve Commlttee consists of not less than 3 and not more than 18 members, One third of the Trustees are subject to retlrement by rotation at the Annual General Meeting each year. The Executive Committee met4 times during the last year. They were supported by the Finance and General Purposes Sub-committee. The head office, Bradbury House, 15 the adrnlnlstrative base. The day-to-day actlvities Include the provlslon of a reso urce centre, social cl ubs In hired premises, a Tal l<ing News a nd tra nscribl ng sernice, a befriending service ma naged by Volunteer Co-ordinators, eye cllnlc support desl<s, IT trainlng and a toam of five Sight Impairment Officers who support the clients in their own homes. Many volunteers help with the activities as well as the befriending service, Management is delegated to a Chief Executive, Sight Impairment Officers are managed by a Community Services Manager, volunteers are managed by Volunteer Co-ordinators and finances are rnanaged by a Finance Manager. The Trustee's investment powers are prescrlbed in the Society's governlng document. The Trustees are permitted to Invest any monies of the charity not immediately required for its purpose in or upon such investments, securities o r property as the Executive Com m ittee shall thlnk fit and is a I lowed by law. The Trustees have mal nt31 ned the investment portfol io throughout the year with the 35SiSta nce of investment advisors, There has been a realised gain of £26,819 in the year on the investment assets. Page 2
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trusteos For the year ended 31 March 2024 Risk Management The Trustees are responsible for ensuring that there are effective and adequate risk management Bnd internal contral systems in place to manage the major ris1(5 to which tho charity is exposed. It discharged th5 responsibility through its annual Risk Management Audit. This is designed to support inlormed decision mal<ing regarding risks that affect the charity's performance and its ability to achieve its objective5. It also provides for a consistent approach to identifying, assessing and dealing wlth the risks facing Llncoln and Lindsey Blind Society, It Should be noted that the audit is designed to manage, rather than eliminate, the risks to the charity's objectives and to provide reasonable, but not absolute, assurance against material misstatement or loss. The major risl<s and uncertainties facing the charity, together with a summary of our plans and strategie5 for mitigating those risks are provided below Risk Resources,. Increased competition for statutory and grant income, changes in market conditions and client behaviour and contlnued economlc pressure on incorne, Management Robust financial frameworl<, cost reduction strategies, continge ncy p la ns to protect core services, reserve5 policy, It Is accepted that the long term sustainabllity of remaining an independent charity 15 something that requires careful monitoring. More clients using the service staffing levels are monitored reuularly by the Chief Executive and reported to the Executive Committee where necessary, Recruitment policies and procedures. Staffing,, Talented staff are not attracted, developed and retained in an incre3singly competltive labour mar1(el. We also need to be aware that some staff could retire at similar times. Formal reviews, appraisals and development plans. Salary Reviews. Staff training and progression to be encouraged. Comprehensive trainin8 and awareness programme for all staff. Reputation and Operation.. Events that could impact reputation and operations, This could include a serious fraud or significant health and safety incident, Regular reviews and reports to the Executive Committeo, Safeguarding of staff, clients and volunteers Govornance and Processes,. No adequate or appropriate governance and processes in place, Risk assessments and policies are in place. Governance Policy and Trustee Manual in place. Five year strategy in place. Data Protection Breach stri ngent d ata protection and cyber security pol icies in place, along with privacy statements. Programme of training for staff. Focusing on the needs of people with a visual impairment and increased involvement of clients in the development of the organisation and services. Cyber Security External Environment: Inability to respond effectively to a significant change in the external environment. Partnership working. Monitor sector and act on any significant change. Page 3
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees Forthe year ended 31 March 2024 Objectlves and Activities Objectives and aims We seek to enhance the quality of life of blind, partially sighted and visually impaired people, whatever their age, disability, gender reassignment, marital or clvil partnership status, pregnancy and maternity, race, (which includes colour and ethnlc/national origin), religion Dr belief, sex or sexual orlentation throughout the whole of North Lincolnshire, North East Lincolnshlre, the City of Lincoln and the East and West Lindsey districts of Lincolnshire County Council, aur objectives for the year were as follows., To further develop services for client5 In all areas Pro mote fundraising to i mprave the Society f i nances by havi ng a standing Item on the Executive Committee agenda. To contlnue ourvolunteer recruitment and development programme, To fu rthe r deve IDP the Benef it Advice project a nd obtain continuation funding for the project. Further development of our funding sources. The employment of a Publicity Co-ordinator to raise the awarene55 of the Society with local people ,and businesses to help visually Impaired people in our area. To further develop an IT equipment/support fund to provide tralning for cllents. Encou ragement of staff trai ni ng a nd progression and review of pay scales. To work with other societies to obtain the servlces requlred for our clients To achieve the objects Df the Society we employ domicillary vlsltors to enable our clients to lead as independent and fulfilling Ilve5 a5 possible. Soclal clubs and a befriending service are established throughout the area to provlde social interaction and actlvlties, .Slgnlficant activitles Throughout the three local authority areas, acr05s 1500 square mlles, we havo provlded informatlon, support and assistance via our Sight Impairment Officers on an individual basis 1807 times this year, Over 76% of our total cl lent group of 1479 are over 65, ma ny experience other disabilities wh ich, when added to Slght loss, can be debilitatlng. Many referrals for assistance come to us via Social Services depa rtments a nd these 'partnershl p, relationships require us to be able to prove outcomes. Matters considered by the Executlve Committee included:. The development of funding sources. Em ployment of a Publicity Co-ord inato r to hel p ra ise the awareness of the Soclety. The updating of the Head Office telephonè system to ensure compliance wlth the upgrading of landlines to digital technology, U pdating of the Society bvebsite. Increased presence on soclal medla to raise awareness forvlsually impaired people in the area, Providing new laptops for community staff to ensure they are up to date with technologyto meet the needs of our clients. Ensuring the Sight Impai rment Qfflcers are adequately tra ined to provide the Benefit Advice Project. Changes brought about by the Charities Act 2022. Ensuring the Sight Impairment Off icer's equipment is as UP to date as possible, meeting the needs of our cllents, Changes to Employment Law. Completing salary reviews to ensure we help to meet the needs of our staff In the present cost of living crisis. Page 4
LINCOLN & LINDSEY BLIND SOCIETY Repo rt of the Trustees For the year ended 31 March 2024 Achievement and Performance Charita ble activities Slght Impalrment Officers Our Officers visit clients in their own homes and give advice and help which allows them to live an independent life. In some cases it is the family of the blind or partially sighted person who needs advice and assistance and they will also worl< with them. Beneflt Advice The benefit advice service rermoves the barriers and difficulties, both mental and physical, that visually impaired people face in claiming benefits to which they are entitled, as soon as possible after diagnosis. Our Specialist adv150rs visit visually impaired people In their own homes. They provide Welfare Benefits advice and informatlon, help complete applications for a range of in-worl< and out-of-worl< benefits, and provide advocacy and representation at appeal. Befriending Service Volunteers provide a befriending service to our clients, under the supervision5 of our Volunteer Co-ordinators. We currently have clients matched with Volunteers on a one to one basis, engaging in varlous actlvities such as wall(ing, swimming, shopping and social visits, the volunteers also provide telephone support. We have clients and volunteers attending groups and the 3Ctlvities they tal<e part in Include reading, carpet boiNls, ten pin bowling, craft, rambling, gardening and games. Talklng Newspapers Volunteers produce the Louth Leader, Skegness standard, Lincolnshire Echo, Grlmsby Telegraph and -Gainsborough Standard as a Tall<ing Newspaper weekly, which is sent out to members referred by Sight Impairment Officers, We also provide information regarding local talking newspapers for other areas. Eye Clinic Support and Infcrrnation Servlce We have an Eye Clinic Support Desk in Scunthorpe hospital, where volunteers offer advlce and support to people at the point of diagnosis. Our trained volunteers help patients with any enquiries or concerns they may have about coping with eyesight problems, IT Proloct Blind and partially sighted people face restrictions and barriers in undertaking tasks that most of us take for granted, especially in using the internet. We run the IT project to provide a basic understanding of tablets and smart phones. Training sessions are usuallv on a one-to-one basis with volunteers who understand visually impaired people's needs. Resource Centre We provide a Resource Centre in Louth where advice and information can be found and equipment seen and tested. We can supply a variety of specialist equipment, including daily living aids, talking clocks, watches and games, etc, Page 5
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2024 Flnanclal Revlew Funding for objectives comes from a number of sources as set out in the statement of financial activities, which the Trustees continue to loo1< to develop. Reserves Pollcy The Society has a Designated Reserve Funds, the '8enefit Advice Project IBAPI which runs until April 2024, The BAP was esta bl ished to f und over a four-year period f ro m April 2020 the Soci ety's contri bution of the costs of th is service. The Trustees considered It was necessary to establ ish this fund to e nsure the Society could meet its obllsations under the terms of the funding agreement by the 3Sg Lotterv.. Additio nal ta the above the Trustees have esta blished a reserves policy whereby the unrestricted f unds not comm itted or Invested In tangi ble assets or designated f u nds (being the "free reserves" I held by. the Society should be sufficient to enable the Society to continue its activities in the event of a significant drap in its Income from legacles, donatlons a nd gifts. The Trustees consider the level of free rese rves should répresent adequate working capital for twelve months expenditure. After taklng account of the tangible fixed asset5 which total £ 157,964 and designated funds of £21,927 the free reserves of the Society as at the.31st March 2024 amounted to £192,270. Asset cover for funds The balance sheet sets out an analysis of the assets attributable to the various funds and description of the trusts. These assets are sufficient to meet the charity's obligations on a fund by fund basis. Future Development5 We will continue ourfundraising efforts towards the funding and development of o.ur.servi.ces. Continuation and develcpment of the befriending service. We will Continue to develop working relationships with other societies to obtain the services required for our clients, to be able to respond to their changing needs. Continued provision of the IT project and change with the needs of our clients as well as new technology. Ensure funding is available for the continuation of the Benefit Advice Project, to ensure we maximi5e our client5, finances, Work with our Publicity Co-ordinator, to raise awareness of the Society, ensuring we meet the needs of vlsually impaired people in our area. Ensurlng all staff are trained and adequatley equipped to provide for the needs of the visually impaired people in our area, Regularly reviewing our stafflng structure to ensure it meets the needs of our clients. Ensure all the Society services continue to meet the needs of the people we serve. Page 6
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustee5 For the y@ar ended 31 March 2024 5 latement of Trustees Responsibilities The trustees are responsible for preparing the Trustees report and the accounts in accordance wlth applicable laiN and reaulations. Company law requires the trustees to prepare accounts for each financial year, Under that law the trustees have elected to prepare the accounts in accordance wlth United l<ingdam Generally Accepted Accounting Practice (United Accounting Standard5 and ap'plicable lawl. Under company law the trustees must not approve the at¢ounts unless they are satlsfied that they glve a true and fair:view of the state of affalr5 of trhe company and of the profit or1055 of the company for that perlod. In preparing these accounts, the Irustees are requlred to,, select suitable accountring policies and.then apply them conslstently,. make judgements and estlmales that,are reasonable-and:prudent,.; prepare the financial statement5 0.n.the gojng concern basis unless It is inapprapriate to presume that the company will Continue in business, The trustees are responsible for keeping adequate accounting records that are sufflclent to show and explain the company's tran5action5 and disclose with reasonable accur4cy a¢.any.time the f.inanc.ial position of.lhe company and enable them tp ensure that the accounts cc)mply with the.Companies Act 200.6. They are also re5pon5ible for safeguarding the assets of.the company and hence foi'tal(Ing reasonable steps for the prevention and detection of fraud and other Irreuularlties. ON 8EHALF OF THE BOARD 1r rim Dixon IChairper50nl Trustee Date Page 7
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March ZD24 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINCOLN & LIMDSEY BLIND SOCIETY I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 set out on pages 10 to 21. Responslbilitles and basls of report As the charlty's trustees of the company land also its director&for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act:). Havlng 5atlsfied 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 your company's accounts as carrled cut under section 145 of the charlties Act 20111'the 2011'Act'). In carring out my examination I have followed the directiorts given by the Charity Corlimission under section 14515llbl of the 2011 Act. Independent examlner's statement Since the company's gross income exceeded £250,000 your examiner must be a member of a body Ilsted In section 145 of the 2011 Act. I conflrm that l am quallfled to undertake the examination because l am a member of the Association of Chartered Certified Accountants, wihlch is one of the listed bodie5. I have completed my examlnatlon, I ccnfirm that no matter5 have come to my attention in connectlon with the examination giving me cause to believe that In any material respect,, l. accountlng records were nct l<ept In respect of the company as required by Section 386 of the 2006 Act,, or 2. the accounts do not accord with those records,, or 3. the accounts do nat comply with the accounting requirements of Sectlons 396 of the 2006 Act other than the accounts give a'true and falr vlew, which is not a matter considèrted as part of an Independent examination,. or 4. the acGounts have not been prepared In accordance with the methods and prlnciples of the statement of Recommended Practice for accounting and reporting by charities (applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 I have no concerns and have come across no other matters in connection wlth the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Date,. Mrs Susan Kitchen FCCA The Old school House, Wainfleet Road, Irby in the Marsh, Skegness, Llncs, PE24 SAY Page 8
LINCOLN & LINDSEY BLIND SOCIETY REGISTERED COMPANY NUIWBER: 06972185 STATEMENT OF FINANCIAL ACTIVITIE5 FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestricted Restricted Funds Funds Note INCOMING RESOURCES Incorning resources from generated funds Voluntary income Activities for generatlng funds Investment Income Incorning resources from .charltable activities Activities in furtherance of the ha rity's objects Total Incomlng Resources 113,536 8,517 4,241 156,198 269,734 8,517 4,241 326,874 1,453 3,695 35,478 161,772 35,478 317,970 32,731 364,753 156,198 RESOURCES EXPENDED Costs of generatlng funds Fundraislng trading,. cost of goods sold and other costs Charltable activities Activities in furtherance of the charity's objects Goverance costs Total Resources Expended 19,342 19,342 11,442 208,497 9,486 237,325 172,340 380,837 9,486 409,665 341,699 9,692 362,833 11 172,340 NET INCOMING/IOUTGOING} RESOURCES -75,553 -16,142 -91,695 1,920 Other recognlsed gainsllosses Realised gain5110sses Dn Sale of fixed asset investments 26,819 26,819 14,620 Net movement in funds -48,734 -16,142 -64,876 16,540 RECONCILIATION OF FUNDS Total funds brought forward 399,195 83,846 483,041 466,501 TOTAL FUNDS CARRIED FORWARD 350,461 67,704 418,165 483,04L Page 9
LINCOLN & LINDSEY BLIND SOCIEry REGISTERED COMPANY NUMBER: 06972185 BALANCE SHEET AT 31 MARCH 2024 2024 Total Funds 2023 Total Funds Note FIXED ASSET Tangi b le Restricted Assets Land & 3uildings Investments 17 17 18 7,964 150,000 224,623 382,587 12,506 150,000 264,191 426,697 CURRENT ASSETS Stocks Debtors & Payments In Advance Cash at Ban1<. 5,606 7,166 52,979 7,333 10,103 62,353 79,789 19 CREDITORS Amounts falling due within one year 20 30,173 30,173 23,445 23,445 NET CURRENT ASSETS 35,578 56,344 TOTAL ASSETS LESS CURRENT LIABILITIES 418,165 483,041 NET ASSETS 418,165 483,041 FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 21 350,461 67,704 418,165 399,195 83,846 483,04L Page lo
LINCOLN & LINDSEY BLIND SOCIETY REGISTERED COMPANY NUMBER.. 06972185 BALANCE SHEET- CONTINUED AT 3 1 MARCH 2024 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to Small companies. Dlrector5' responsibilities: the merribers have not required the company to obtain an audit OF its accounts for the year in accordance with sectian 476, the directars ack'nowledge their responsibilities for complying with the requlrerrients of the Act wlth respect to accounting records and the preparation of accounts these accounts have been prepared in accordance with the provislons applicable to companies subject to the small companies, regime of the Companies Act 2006. The financial statements were approved by the board o.f directors.on ?*.., 43o)L<kr and were signed on its behalf by:" Mr Tim Dixon IChairpersonl- Director Mrs Audrey Moare- Director Page 11
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES Accounting convention The financial statement5 have been prepared under the historical cost convention. Statement of Compliance The flnancial statements 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 Flnancial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 They also comply with the Companies Act 2006 and Charities Act 2Qll. Basis of Preparation Lincoln & Lindsey Blind Society meets the definition of a public benefit entity under FRS 102. Assets and liabillties are Inltlally recogni5ed at historical cost or transaction value unless otherwlse stated in the relevant accounting policy notes. The financlal statements are presented in pound sterling and are rounded to the nearest pound. Incomlng resources Donation5, legacies and other forms of voluntary Income are recognised as incoming resources when receivable, except in so far as they aré incapable of financial measurement. No amounts are included in the financlal statement for services donated by volunteers. Grants are included in income when they are receivable, Grants are considered to be receivable when there Is evldence of entltlement, for example when the grant is formally expressed in wrlting and there are no conditions attached, The members, annual subscriptlons commence on the l April each year. Any income received In advance is included within deferred income. The number of £300 Life Memberships taken thi5 year was 6, this 15 not deferred income as wo are unable to quantify. Investment income is included within the statement of flnancial activities on a receivable basis. Resources expended Expenditure is included when incurred. The majo rity of cost5 a re di rectly attri buta ble to speclflc activities, Governance costs Gavernance costs represent costs that are attributable to the management of the charity's assets, organisatianal administration and compllance with constltutional and statutory requirements. An estimate of the financial costs of the employee tlme on governance has been attributed to governance costs. Allocation and apportionment of costs I n undertaki ng the cha rita b le activities there have bee n support Costs i ncurred that, wh ilst necessa ry to deliver a n activity, do not the mselves produce or constitute the output. Support costs include the centra I office functions such a5 general managementi payroll administration, budgeting and accounting, information technology, human resources and financing. Support costs are therefore wholly allocated to cha rita ble actlvities, Page 12
LINCOLN & LINDSEY BLIND SOCIETI NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES continued Fixed A55ets and depreciation Depreciation is provided at the Following annual rates in order to write off the cost le55 estimated residual value of each asset over its estimated useful life. Furniture & Equipment Computer5 etc. Trailer 20Yo on cost 25Yo on cost 20°A on cost Where buildings are maintained to such a standard that their residual value is not less than their cost or valuation, no depreciation is charged as it is not material, The Main Office property Is used solely for charitable use. The Resource Centre is used for charitable purposes and let, the income from this 15 shown in the accounts as incoming resources from charitable activities. Stocks Stoclc is valued at cost or lower marl(et value, Stock of equipment for the visually impaired is sold at or below .cost in some in5tance5. Taxation The charity Is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds are subject to specific conditions by donors as to how they may be used, Where the income has not been spent by the end of the period the unspent funds are carried forward as a restricted fund. Irrecoverable VAT -The charity is not registered For VAT and so figures are inclusive of VAT where appropriate, Penslons The charitable company operates a defined contribution pension scheme, CDntributian5 payable to the charltable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Investments -Investments have been classified as fixed a55et5 where it 15 the intention of the society to retain them for more than one year. They are included in the balance sheet at cost value plus attributable interest receivable, where applicable, Gains and losses arising from accounting for fixed asset investments at cost value have been offset. All realised gains and losses have been included in the Statement of Financial Activities Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e, whether there are any material uncertaintles related to events or conditions that rray cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of Dne year from the date of approval Of the fincincial statements, Page 13
LINCOLN & LINDSEY BLIND SOCIETY NOTE5 TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2. VOLUNTARY INCOME Unrestricted Restricted 2024 2023 DonatlDns and Gifts Legacies Lottery Fund - other donations Benefit Officer P roject 45,397 68,139 66,630 112,027 68,139 79,484 130,768 20,984 95,638 326,874 89,568 156,198 89,568 269,734 113,536 3. ACTIVITIES FOR GENERATING FUNDS U nrestrlcted Restricted 2024 2023 General fundraising Lettings 8,127 390 8,517 8,127 390 8,517 1,213 240 1,453 4. INVESTMENT INCOME U n restricted Restrlcted 2024 2023 Income from listed investments 4,241 4,241 4,241 4,241 3,695 3,695 5. INCOMING RESOURCE5 FROM CHARITABLE ACTIVITIES Unrestricted Restricted 2024 2023 Servi ce charge Membership subscriptions Sale of aids & equip 2,211 20,583 12,684 35,478 2,211 20,583 12,684 35,478 2,509 16,801 13,421 32,731 6, FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Unrestricted Restricted 2024 2023 Staff costs Other costs Depreci ation 13,173 3,081 3,087 19,342 13,173 3,081 3,087 19,342 4,766 3,589 3,087 11,442 7. CHARITABLE ACTIVITIES COSTS Grant fundlng Support Dlrect costs of activities costs Isee Note 81 (see note 91 Isee note 101 Totals Activities in furtherance of the charity's objects 253,736 127,102 380,839 Page 14
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Unrestricted Restricted 2024 2023 Staff salaries Tall<ing News & Links Voice Dcmiciliary visiting servlce Volunteer exps & Groups Befriending service Benefit Officer exps Purchase of aids & equipment IT Proj'ect & support costs Trailer exps Depreciation 52,722 127,930 2,734 180,652 2,734 3,497 2,217 11,755 28,758 11,295 12,078 473 279 253,736 160,902 2,445 2,456 1,718 11,004 26,088 12,841 16,442 490 279 234,665 3,497 2,217 11,388 367 28,758 11,295 12,078 473 279 81,397 172,340 9. GRANTS PAYABLE Activities in furtherance of the charity's objects Unrestricted Restricted 2024 2023 Grants payable relate to individLials in line with the charity's objectives. 2024 2023 10. SUPPORT COSTS Activities in furtherance of the charity's objects 127,102 107,034 Support costs included In the above are as follows., U nrestricted Restricted 2024 2023 Wages ead Office costs Trave I Subscriptions Ejepreciation 105,244 20,404 102 177 1,176 127,102 105,244 20,404 102 177 1,176 127,102 88,307 17,317 234 1,176 107,034 11. GOVERNANCE COSTS 2024 2023 Staff costs Professional fees Meetings and conferences I,ooo 7,287 1,199 9,486 1,000 7,944 748 9,692 12. NET INCOMING/IOUTGOINGIRESOURCES 2024 2023 N et resources a re stated a Fte r chargi ng/lcreditingl'. Depreciation owned assets 4,542 4,701 Page 15
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 13. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor the year ended 31 March 2023. Trustee5' Expenses During the year travel and 5ubsistance expenses totalling £190 12023: £1881 was reimbursed to I trustee 14. STAFF COSTS 2024 2023 Wages and salaries socia I security costs Other pension costs 260,729 15,768 23,572 300,069 220,905 14,715 19,355 254,975 The average monthly number of employees during the year wa5 as follows.. Sight Impairment Officers Benefit Officers Fundraising Admlnistration & Support servlces Management Volunteer co-ordinators 13 12 There are no employees whose annual emoluments were £60,000 or more 15. TAXATION Co rpo ration tax is not provided as the Soclety is a reglstered charity a nd therefore exem pt from taxation. The cha rity is not registered for Va lue Added Tax, Where appropriate, the figures in these f ina ncia I statement5 include Value Added Tax. 16. TRUSTEES, INSURANCE I n accorda nce with norma I co m mercia I practi ce the society has purchased i ns ura nce to protect its trustees, from claims arising from negligent act5, errors or omisslons occuring whilst on society business. The insurance cost for the year ended 31 March 2024 was £ 957 12023: £8751 Page 16
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Fixed A55ets Trailer Equipment Laptops Totals COST At l April 2023 Disposal At 31 March 2024 15,437 1,394 4,705 21,536 15,437 1,394 4,705 21,536 DEPRECIATION At l April 2023 Disposal Charge for year At 31 March 2024 6791 279 1,960 9,030 3,087 9,878 279 558 1,176 3,136 4,542 13,572 NET BOOK VALUE At 31 March 2024 5,559 836 1,569 7,964 At 31 March 2023 8,646 1,115 2,745 12,506 Comparable historical cost for the land and buildings included at valuation., 17. Tangible Asset5 Land & Buildings at cost 150,000 Comparable historical cost for the land and buildings included at valuation: Land & 8uildings valuatlon 2024 2023 ,Cost Accumulated Depreciation At 31 March 2024 193,830 193,830 193,830 193,830 The historlcal cost data above relates to the original cost of the properties purchased by the unicorporated charlty, Lincoln & Lindsey Blind Society, These properties were gifted to the company on 1st April 2010. Land and buildings aro not depreciated in accordance with the accounting policy on page 13, Page 17
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 18. FIXED ASSET INVESTMENTS Fixed.Asset I nvestments COST At l April 2023 Additions Disposals Proflt/Loss on Sal e of I nvestm ents At 31 March 2024 264,191 162,182 -228,569 26,819 224,623 '.Market Values At 31 March 2024 224,623 268,243 At 31 March 2023 The h istorical c05t data above re lates to the origi nal cost of the inve5tment5 and i nclude5 a mlx of those purchased by the company and those gifted to the charity, The charity held no investment5 that were rnore than 5% of the portfollo 19. DEBTORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 7,166 7,166 10,103 10,103 . 20. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Deferred Income -raxation and social security Other credltors 20,850 4,757 4,566 30,173 14,065 3,966 5,414 23,445 Page 18
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTIN UED FOR THE YEAR ENDED 31 MARCH 2024 21, MOVEMENT IN FUNDS Net movement in funds, included in the above are as follows.. Balance 3110312023 Incomlng resources Resources expended Gains and Losses Balance 3110312024 Unrestrlcted funds General fund 399,195 161,772 -237,325 26,819 350,461 Restricted funds Designated funds- Benefit Advice Project Befriending Donations Trailer Expenses Fund Mablethorpe Club Funds Westcliff Club Funds Lincoln Wall<ing Group Moorland Lincoln Funds IT Equipment/Support Fund 52,736 89,568 36,311 -120,377 -36,311 21,927 6,523 256 161 6,050 129 161 351 138 38,948 67,704 -127 591 -240 138 24,032 83,846 29,728 156,198 -14,812 -172,340 TOTAL FUNDS 483,041 317,970 -409,665 26,819 418,155 Page 19
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENt)ED 31 MARCH 2024
Analysis of net assets between funds
Included in the General Funds balance are investments of £224,623 tangible a55ets of £7,964 and Land &
Buildings of £150,00, current assets less current liabilities of E35,351.
Included in the Benefit Advice Project balance are donations of £5,000 from Louth United Charities and Lottery
Funding of £84,568.
Incl uded in the do natio ns & gifts are £36,311 f or Befrlending wh Ich Incl udes £l,OOQ from Gay & Peter H illards,
£24,911 from Lincolnshire County Council Mental Health, £4,000 from West Lindsey Council, £900 from N Smith
Charitable Foundatlon, £500 from Boshler Hinton and £5,000 from Stiching Anton Jurgen.
Included in the IT Equipment/Support fund of £29,728 are donations for cornmuniplayers of £6,298 from
Morrisons and £5,000 from Francis Winharn Foundatlon, £5,650 for talking news & Links Voice, £7,300 for laptops
from the Clothworl<ers & £2,000 for laptops from Worth Waynflete, £2,800 for start up l