REGISTERED COMPANY NUMBER: 06972185 (England and Wales) REGISTERED CHARITY NUMBER: 1132353 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR LINCOLN & LINDSEY BLIND SOCIETY
LINCOLN & LINDSEY BLIND SOCIETY CONTENT5 OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Annual report of the Trustees Ito8 Independent Examiner's Report Statement of Fi nancial Activitles Balance Sheet Iotoll Notes to the Fi na ncla I Statements 12to20
LINCOLN & LINDSEY BLIND SOCIE Report of the Trustees For the year ended 31 March 2025 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial Statements of the charity for the year ended 31 March 2025. The Trustees have adopted the prov15ions of the Statement of Recommended Practlce ISORPI 'Accounting and Reporting by Charities, issued in January 2019. Reference and adminlstratlve detalls Reglstered Charity name Llncoln & Lindsey Blind Society Company reglstratlon number 6972185 {England & Wales) Reglstered Charity nurnber Registered offlce 1132353 Bradbury House Ramsgate Louth LNII ONB Trustee5 Mr T Dlxon (Chairl Mr J Durham (Vice Chalrl Mrs A Moore Mr H Genn Mr K Kelsey Mrs D Selfe Mr R Edmonds Ms L A Peacock Mr J Coles- resigned 21st May 2024 Miss C Challis Mr Z Shaw- co-opted 25th February 2025 Mr l Torrle - co-opted 10th March 2025 Company Secretary Independent Examiner Mrs M Johnson Mrs Susan Kitchen FCCA rhe Old School House Wainfleet Road Irby in the Marsh SkeBne55 Lincs PE24 SAY Bankers U nity Trust Nine Brindley Place Birmingham BI 2H8 HSBC Bank PLC Stonebow Branch 221 High Street Lincoln LNI ITS Investment Advisers Investec Wealth & Management 2 Gresham Street London EC2V 7QP Chief Executlve Mrs M Johnson Page I
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Structure, Governance and Management Governing Document The cha rity is controlled by its governing document, a deed of trust, a nd constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is an incorporated company limited by guarantee and controlled by Its Memorandum and Article5 of Association IM&A'sl, The society was originally established in 1921 and incorporated in July 2009. Organisational Structure Overall control is exercised by the Trustees who form the Executive Committee. The Executive Committee consists of not less than 3 and not more than 18 members. One third of the Trustees are subject to retirement by rotation at the Annual General Meetlng each year, The Executive Commlttee met 4 times durlng the last year. They were supported bythe Finance and General Purp05e5 Sub-committee. The head office, Bradbury House, is the admlnistratlve base. The day-to-day actlvltles include the provision of a resource centre, soclal clubs in hlred premises, a Talking News and transcrlblng servlce, a befriending service managed by Volunteer Co-ordinators, IT training and a team.of five Sight lrnpairment Officers who support the clients in their own homes. Many volunteers help with the activities as well as the befriendlng service, Management is delegated to a Chief Executive and volunteers are managed by the Volunteer Co-ordinators. The Tru5tee'5 investment power5 are prescribed in the Society's governing document. The Trustees are permltted to invest any monies of the charity not Immediately required for it5 purpose in or upon such investments, securities o r property as the Executive Comm ittee shal I think fit and is allowed by law, The Trustees have mai ntained the Investment portfol lo th roughout the year with the assistance of i nvestrne nt advisors. There has been a realised gain of £1,276 in the year on the Investment assets. Page 2
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Risk Management The Trustees are responsible for ensuring that there are effective and adequate ris1( man3gement and internal control systems in place to manage the major risks to which the charity is exposed. It dlscharged this responsibility through its annual Risk Management Audit. This is deslgned to support informed decision making regarding risks that affect the charlty'5 performance and its ability to achieve its objectives. It also provides for a consistent approach to identifying, assessing and dealing with the risks facing Lincoln and Lindsey 81ind Society, It should be noted that the audit is designed to m anage, rather than eli mi nate, the risks to the charity's objectives and to provlde reasonable, but not absolute, assurance against material misstatement or loss. The major risks and uncertainties facing the charlty, together with a sumrnary of our plans and strategies for mitigating those rlsks are provlded below- Risk Resources: I ncreased co m petit ion for statuto rv and grant Income, change5 In marl<et conditions and client behaviour and contlnued economic pressure on income. Management Robust f inancial fra mework, cost reduction strategies, co nti ngency pla ns to protect co re servlces, reserves pol icy. It is accepted that the l ong term sustainabi l ity of remaining an independent charlty Is somethlng that requires caref ul monitorlng, More clients U51ng the service Staffing levels are mo nitored regu larly by the Chief Executive and reported to the Executive Committee where necessary, Recruitment policies and procedures. Staff i ng: Ta lented staff are not attracted, developed nd retained In an increasingly competitlve labour market. We also need to be aware that some staff could retire at similar times, Formal revlews, appraisals and development plans. Salary Reviews. Staff training and progression to be encouraged. Contingency planning Comprehensive training and awareness programme for all staff. Reputation and Operation: Events that could impact reputation and operation5. This could Include a serious fraud Dr Significa nt hea Ith and safetv incident. Regular reviews and report5 to the Executive Committee. Safeguarding of staff, client5 and volunteer5 Governance 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, Stringent data protectlon and cyber security policies in place, along with privacy statements, Data Protection Breach Cyber Securitv External Environment: Inabilityto respond effectively to a significa nt change in the external environment. 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. Partnership working. Monitor sector and act on any significant change. Strategy Planning Page 3
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Objectives and Actlvltles ObJectlves and alms We seek to enhance the quallty of life of bllnd, partially sighted and visually impaired people, whatevertheir age, dlsablllty, ge nder reassignment, ma rital or civil partnership status, pregnancy and maternity, race, (which includes colour, nationa lity, ethn Ic or nationa l originl, religion or belief, sex or sexua I Orientation throughout the whole af North Li ncol n5 hlre, NO rth East Lincolnshi re, the City of Lincoln and the East a nd West Lindsey dlstricts of Lincolnshlre County Council. Our objectives for the year were as follows: To further develop servlces for cl lent5 in all areas To ensure fundralsi ng to Im prove the Society f i nances are a standi ng item on the Executive Commlttee agenda. To continue our volunteer recruitment and development programme, To further develop the Beneflt Advice project and obtain other funding for the proJect, Further development of our funding sources, To raise the awareness of the Soclety with local people and buslnesses to help vlsually Impalred people in our area. Encouragement of staff training and progression and revlew of pay scales. To wo rk with other societles to obta in the servlces requlred for our cllent5 Develop our social groups ensuri ng the changl ng needs of vlsually impaired people i n our area are taken Into account. To achieve the objects of the Society we employ domlcillary visitors to enable our clients to lead as independent and fulfilling lives as possible. Social clubs and a befriendlng service are established throughout the area to provide social i nteractlcn and actlvities. Significant activities Throughout the three local authority areas, across 1600 square miles,. we have provided information, support and asslstance vio our Sight Impairment Officers on an Individual basis 1692 times this year. Over 76% of our total client group of 1556 are over 65, many experlence other disabilitles which, when added to sight loss, can be debilitating. Matters considered by the Executlve Committee Included:. The development of funding sources. Raisingthe awarenes5 of the Society. Ensuring the Sight I m pa irment Off icers a re adequately tr3 ined to provide the Benefit Advice Project, Changesto Employment Law. Completing salary reviews to ensure we help to meet the needs of our staff. Developing the strategy and forward plannlng of the Scciety. Putting in place a ccntlnguency plan for the Society. Ensurlng a I l insurances are In place to protect the Society's assets and resources. Recruitment of Trustees with lived experience. Wellbelng and workloads of Staff. The itnplementation of a contract with Focus Independent Adult Social Work to provide assessments for visually impaired people in North East Lincolnshlre. Page 4
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Achlevement and Performance Charitable actlvltles Slght Impalrment Officers Our Officers vislt cllents in thelr own home5 and give advice and help which allow5 them to Ilve 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 work with them. Benefit Advlce The benef it advice se rvice removes the ba rriers a nd difficulties, both menta l a nd physical, that visually i mpa ired people face in claiming benefits to which they are entitled, as soon as possible after diagnosis. Our speclali5t advisor5 vlslt v15ually impaired people In thelr own hornes. They provide Welfare Benefits advlce and informatlon, help complete applications for a range of In-work and out-of-work beneflt5, and provide advocacy and representatlon at appeal. Befriending Service Volunteers provide a befrlending servlce to our cllents, under the supervlslons of our Volunteer Co-ordinatars. We currently have clients matched with volunteer5 on a one to one basis, engagln8 In various activities such as walking, swlmming, shoppin8 and Social visits, the volunteers also provide telephone support. We have clients and volunteers attending groups and the activitles they take part in include reading, carpet bowls, ten pin bowllng, craft, rambling, gardening and games. Talklng Newspapers Volunteers produce the Louth Leader, Skegness Standard, Lincolnshire Echo, Grimsby Telegraph and Gainsborough Standard as a Talking Newspaper weekly, which is sent out to members referred by Sight Impairment Officer5, We also provide information regarding local talking newspapers for other areas. IT Project We run the IT project to provlde a basic understandlng of tablets and smart phones, Trainlng sessions are usually 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 clocl<s, watches and garNes, etc. Financlal Revlew Funding for objectives comes from a number of sources as set out in the statement of fina ncial activities, which the Trustees continue to look to develop. Page 5
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Reserves Policv The Sacioty has a Designated Reserve Funds, the Frontline Financial Services" l FFS) which runs untll May 2028, The FFS project wa5 established to fund over a four-year perlod from May 2024 the Soclety's contributlon of the costs of this service, The Trustees considered it was necessary to establ ish thls fund to ensure the Society could meet It5 obligations under the terms of the fundlng agreement bythe Big Lotterv, Additio na I to the a bove the Trustees have establ ished a reserves pol icy whereby the u n restricted funds not com m Itted o r i nvested in tangi ble assets or designated funds (being the 'free reserves I held by the Society should be sufficient to enable the Society to contlnue Its actlvlties In the event of a signlflcant drop in its income from legacies, donatio ns and gifts. The Trustees co nsider the level of f ree reserves shculd represent adequate working ca pita I fo r twelve months expend itu re. After taki ng account of the tanglble fixed assets wh ich total £ 153,422 and designated fund5 of E8,696 the free reserve5 of the Society as at the 31st March 2025 amounted to £237,287. Asset cover for funds The balance sheet sets out an analysis of the assets attributable to the va rious f unds and description of the trust5. These assets are sufficient to meet the charity's obligations on a fund by fund basi5. Future Developments We wlll continue our fundraising efforts towards the funding and development of our services, Continuation and development of the befriending service. .We wlll continue to develop worl<ing relatlonships with other societies to obtain the services required for our clients, to be able to respond to their changing needs, Prcvlsion of equipment and technology, changing with the needs of the people we serve, Work with our Publlclty Co-ordinator, to ralse awareness of the Scclety, ensuring we meet the needs of visually impaired people in our area, Regularly reviewing our Staffing structu re to ensure it meets the needs of ou r clients. Implementation of a strategy and contingency plan to ensure all of our services continue to meet the ever changing needs of the Society and especiallyvisually impaired people. Page 6
LINCOLN & LINDSEY BLIND SOCIETY Report of the Trustees For the year ended 31 March 2025 Statement of Trustees Responsibilities The trustees 3 re responsi ble for preparlng the Trustees report and the accounts in accordance with a pplica ble law and regulations. Company law requires the trustees to prepare accounts for each financial year. Under that law the trustees have elected to prepare the account5 accordance with Unlted Kingdom Generally Accepted Accountlng Practice Iunited Accounting Standards and applicable lawl, Under company law the trustees must not approve the accounts unless they are satisfied that they glve a true and fair view of the state of affalrs of the company and of the profit or loss of the company far that perlod. In preparing these accounts, the trustees a re required to: select sultable accounting policies and then apply them consistentlvi make ]udgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basls unless it is inappropriate to presume that the company will contlnue in buslness, The trustees are responsible fo r keeplng adequate accountlng records that are sufficient to show and explain the company's transactlons and dlsclose with reasonable accuracy at any tlme the financial positlon of the company and enable them to ensure that the accounts comply wlth the Companies Act 2006, They are also responslble for safeguarding the assets of the company and hence for taking reasonable steps for the preventlon and detection of fraud and other Irregularltles. ON BEHALF OF THE BOARD Mr TIM Dixon IChairper50n) - T'rustee Date Page 7
LINCOLN & LINDSEY BLIND SOCIETY Report Df the Trustees For the year ended 31 March 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF LINCOLN & LINDSEY BLIND SOCIETY I report to the charity trustees on my examlnation of the account5 of the company forthe year ended 31 March 2025 set out on pages 10 to 21. Responsibilitles and basls of report As the charlty's trustees of the company13nd also Its dlrectors for the purposes of company lawl you are respansible for the prepa ration of the accounts in accordance with the requlrements of the Companies Act 2006 {'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eliglble for independent examination, I report In respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carring out my examination I have followed the directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Independent examlner's statement Since the company'5 gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am quallfled to undertake the examination because l am a member of the Adrsociatio n of Cha rtpred Certlfled Accountants, whlch is one of the Ilsted bodles. I have completed my examination. I confirm that no matters have come to my attention in connectlon wlth the examination giving me cause tc believe that In any materlal respect: I, accounting. records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2, the account5 do not accord with those records,, or 3. the accounts do not comply wlth the 2ccountlng requlrements of Sectlons 396 of the 2006 Act other than the accounts glve a 'true and fair view, which is not a matter considered as part of an Independent examlnation; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charlties preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I have no concerns and have come across no other matter5 in connectlon with the examination to which attention shauld be drawn in this report in order to enable a proper understanding of the accounts to be reached, Date.. Mrs Susan l<itchen FCCA The Old School House, Wainfleet Road, Irby In the Marsh, Skegness, Lincs, PE24 SAY Page 8
LINCOLN & LINDSEY BLIND SOCIETY REGISTERED COMPANY NUMBER.. 06972185 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Tota I Funds 2024 Total Funds U n restricted Restricted Funds Funds Note INCOMING RESOURCES Incomlng resources from generated funds Voluntary Income Activities for generatlng funds Investment Incorne Incoming resources from charitable activitie5 Activities in furtherance of the charity's objects Total Incoming Resources 140,450 8,476 4,059 226,995 367,445 8,476 4,059 269,734 8,517 4,241 28,553 181,538 28,553 408,533 35,478 317,970 226,995 RESQURCES EXPENDED Costs of generating funds Fundralsing trading,. cost of goods sold and other costs Cha rltable actlvltie5 Activities i n f u rthera nce of the charity's o blects Goverance costs Total Resources Expended 8,353 14,310 22,663 19,342 127,438 6,775 142,566 234,727 362,165 6,775 391,603 380,837 9,486 409,665 11 249,037 NET INCOMING/{OUTGOIfvJG) RESOURCES 38,972 -22,042 16,930 -91,695 Other recognised galnsllosses Realised gains/losses on sale of fixed asset investments 1,276 1,276 26,819 Net movement in funds 40,248 -22,042 18,206 -64,875 RECONCILIATION OF FUNDS Total fund5 brought fonNard 350,461 67,704 418,165 483,041 TOTAL FUNDS CARRIED FORWARD 390,709 45,662 436,371 418,165 Page 9
LINCOLN & LINDSEY BLIND SOCIETY REGISTERED COMPANY NUMBER: 06972185 BALANCE SHEET AT 31 MARCH 2025 2025 Total Funds 2024 Total Funds Note FIXED ASSET Ta ngible Restricted Asset5 Land & Buildings Investments 17 17 18 3,422 150,000 200,016 353,438 7,964 150,000 224,623 382,587 CURRENT ASSETS Stocks Debtor5 & Payments In Advance Cash at Bank 2,152 23,731 85,573 111,456 5,606 7,166 52,979 65,751 19 CREDITORS Amounts falllng due within one year 20 28,523 28,523 30,173 30,173 NET CURRENT ASSETS 82,933 35,578 TOTAL ASSETS LESS CURRENT LIABILITIES 436,371 418,165 N ET ASSETS 436,371 418,165 FUNDS Un restricted funds Restricted f u nds TOTAL FUNDS 21 390,709 45,662 436,371 350,461 67,704 418,165 Page 10
LINCOLN & LINDSEY BLIND SOCIETY REGISTERED COMPANY NUMBER: 06972185 BALANCE SHEEf- CONTINUED AT 31 MARCH 2025 For the year ending 31 March 2025 the company was entitled to exemption from audlt under section 477 of the Companles Act 2006 relating to small companies. Directors, re5ponsibilltles: the members have not requlred the companyto obtain an audit of its accounts for the year In accordance with section 476, the directors acknowledge their responsibilities for complying wlth the requlrements of the Act with respect to accounting records and the preparation of account5 these accounts have been prepared i n accorda nce with the provlslons appl icable to com panies subject ta the small companies, regime of the Companles Act 2006. The financial statements were approved by the board of dlrectors on a! &¥Aoqu5.r R,oi.S., and were signed on its behalf by'.- MrTim Dlxon IChairpersonl- Director fJtykcn Mrs Audrey Moore- Director Page 11
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES Accountlng convention The financial statements have been prepared under the hlstorlcal cost convention. Statement of Compllance The financial statements have been prepared In accordance with Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charlties preparlng their accaunts in accordance with the Flnancial Reporting Standard applicable in the Ul< and Republic of Ireland IFRS 1021 leffective l January 20151 (Charities SORP IFRS 10211, the Financlal Reporting Standard applicable in the UK and Republic af Ireland IFRS 1021 They also comply with the Cornpanies Act 2006 and Charities Act 2011, Basis of Preparation Llncoln & Lindsey Blind Society meets the definition of a public benefit entlty under FRS 102, Assets and l iabi l iti es are initial ly recognised at historica I cost o r tra nsaction va lue unless otherwise stated i n the releva nt accounti ng policy notes, The fina ncial statement5 are presented in pou nd sterling a nd are rounded to the nearest pound. Incomlng resources Donations, legacies and other forms of voluntary Income are recognlsed as Incoming resources when receivable, except in so far as they are Incapable of financlal measurement. No amounts are included in the financial statement for service5 donated by volunteers. Grants are included in income when they are receivable. Grant5 are considered to be receivable when there Is evldence cf entitlement, forexample when the grant is formally expressed in writing and there are no conditlons atta ched. The Members, annual subscrlptions commence on the l Aprll each year. Any income received in advance is Included within deferred Income. The number of £300 Life Memberships taken thls year was 6, this 15 not deferred income as we are unable to quantify. Investment income Is included wlthln the statement of financlal activities on a receivable ba515. Resources expended Expenditure is included when incurred. The majority of costs are di rectly attrlbuta ble to specific activities, Governance costs Governance costs represent costs that are attributable to the management of the charity's assets, organisatlonal administration and compliance with constitutional and statutory requirements. An estimate of the financial costs of the employee time on governance has been attributed to governance costs. Allocation and apportlonment of costs In undertaking the charita ble actlvlties there have been Support costs I ncurred that, wh ilst necessa ry to delive r a n activity, do not themselves produce or constitute the o utput. Su ppo rt costs include the centra I office functlons such as general ma nagement, payroll adm inistration, budgeti ng a nd accounting, information technology, human resources and financing, Support costs are therefore wholly allocated to cha ritable activities. Page 12
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES - continued Fixed Assets and depreclation Depreclation is provided atthe following annual rate5 in order to write off the cost less estimated residual val ue of each asset over It5 estimated usef u I Ilfe. Furniture & Equipment Computers etc, Trailer 20Yo on cost 25% on cost 20% on cost Where buildings are maintained to such a standard that thelr residual value is not less than their cost or valuation, no deprecl3tion is charged a5 It Is not material. The Main Office property is used so lely for ch8 ritable use. The Resource Centre Is used for charlta ble pu rposes and let, the Income from this is shown in the account5 as incoming resources from charitable activitles, Stocks Stock Is valued at cost or lower market value, Stock of equlpment for the visually impaired is sold at or below ccst in some instances, Taxation The charity is exempt from corporation tax on it5 charitable actlvltles, Fund accounting U nrestricted f u nds can be used I n acco rdance wlth 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 carrled forward as a restrlcted fund. Irrecoverable VAT The charity is not registered for VAT a nd so f igures are Inclusive of VAT where a pproprlate, Pensions The charitable company operates a defined contributlon penslon scheme. Contributions payable to the cha ritable company's pension scheme are cha rged to the Statement of Fi nancia l Activities i n the period to which they relate. Investments Investments have been classif led as fixed assets where it is the intention of the soclety to retain them for more than one year. They are included in the balance sheet at cost value plus attributable interest receivable, where a pplicabl e. Ga in5 and losses arisi ng f rom accountlng for f ixed asset i nvestments at cost va l ue have been offset. All realised gains and losses have been included in the Statement of Financial Activitie5 Golng concern The financial statements have been prepared on a going concern basi5. The trustees asse55 whether the use of going concern is appropriate i.e, whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees mal<e this assessme nt i n respect of a pe riod of one yea r from the date of approva l of the fina ncial stateme nts. Page 13
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 2. VOLUNTARY INCOME U n restricted Restricted 2025 2024 Donatlons and Gifts Legacies Lottery - Benefit Officer P roject 44,211 96,239 120,209 164,420 96,239 106,786 367,445 112,027 68,139 89,568 269,734 106,786 226,995 140,450 3. ACTIVITIES FOR GENERATING FUNDS Unre5trlcted Restricted 2025 2024 Gerieral fundraising Lettlngs 8,206 270 8,476 8,206 270 8,476 8,127 390 8,517 4. INVESTMENT INCOME Unrestricted Restricted 2025 2024 Income from Ilsted Investments 4,059 4,059 4,059 4,059 4,241 4,241 5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestrlcted Restricted 20 Servlce charge Membership subscriptlons Sale of aids & equip 1,651 15,950 10,952 28,553 1,651 15,950 10,9S2 28,553 2,211 20,583 12,684 35,478 6. FUNDRAISING TRADING,. COST OF GOODS SOLD AND OTHER COSTS nrestricte 2025 2024 Staff costs Other costs Depreciation Traller 8,353 8352 2871 3087 14,310 16,705 2,871 3,087 22,663 13,173 3,081 3,087 19,341 8,353 7. CHARITABLE ACTIVITIES COSTS Grant fundlng Support Direct costs of activities costs (see Note 81 Isee note 91 Isee note lol Totals Activities in furthera nce of the charity's objects 238,178 123,987 362,165 Page 14
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES U nrestricted Restricted 2025 2024 Staff salaries Talking News & Llnl<s Voice Domiciliary vlsiting service Volunteer exps & Group5 Bef riending service Benef it Officer exps Purchase of aids & equipment Equipment & support costs Traller exps Depreciatlon 10,224 178,305 2,503 3,602 3,208 11,607 12,497 188,529 2,503 3,602 3,208 11,S07 12,497 10,976 4,455 522 279 238,178 180,652 2,734 3,497 2,217 11,755 28,758 11,295 12,078 473 279 253,738 10,976 4,455 522 279 216,978 21,200 9. GRANTS PAYABLE Actlvlties In f u rtherance of the charity's o bjects U nrestricted Restricted 2024 Grants paya ble re late to i ndivid uals In li ne with the charity's objectives. 2025 2024 10. SUPPORT COSTS Activltles in furthe rance of the cha rity's objects 123,987 127,102 Support costs included in the above are as follows.. Unrestricted Restric 2025 2024 Wages Head Office costs .Travel Subscriptions Depreciation 91,783 13,018 148 113 1,176 106,238 14,184 3,565 105,967 16,583 148 113 1,176 123,987 IOS,244 20,403 102 177 1,176 127,102 17,749 11. GOVERNANCE COSTS 2025 2024 Staff cost5 Professional fees Meeting5 and conferences 1,000 4,731 1,044 6,775 1,000 7,287 1,199 9,486 12. NET INCOMING/(OUTGOINGIRESOURCES 2025 2024 Net resources are stated after charging/lcred iti ngl.. Depreciation- owned asset5 4,542 4,542 Page 15
LINCOLN & LINDSEYBLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits for the year ended 31 March 2025 nor the year ended 31 March 2024. Trustees, Expenses During the year travel and 5ubslstance expenses totalling £140 12024: £1901 was reimbursed to I trustee 14. STAFF COSTS 2025 2024 Wages and Salaries Soci al security costs Other pension costs 265,520 22,404 24,277 312,201 260,729 15,768 23,572 300,069 The average monthly number of employees during the year was as follow5: Sight Impairment Officers Be nef it Off Icers Fundraising Administration & Support service5 Management Volunteer co-ordinators 12 13 There are ho employees whose annual emoluments wére £.60,OOQ or more 15. TAXATION Corporation tax is not p rovlded as the Society Is a registered charity and therefore exempt f rom taxaticn. The charity is not registered forvalue Added Tax. Where appropriate, the figures in these financial statements include Value Added Tax. 16. TRUSTEES, INSURANCE In accordance with normal commercial practice the society has purchased insurance to protect Its trustees, from claims arising from negligent acts, errors or omissions occurlng whllst cn soclety business. The insurance cost for the year ended 31 March 2025 was £ 995 12024,. £9571 Page 16
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Fixed Assets Trailer Equlpment Laptops Totals COST At l April 2024 Disposal At 31 March 2025 15,437 1,394 4,705 21,535 15,437 1,394 4,705 21,536 DEPRECIATION At l Aprll 2024 Dlsposa I Charge for year At 31 March 2025 9878 558 3,136 13,572 3,087 12,965 279 837 1,176 4,312 4,542 18,114 NET BOOK VALUE At 31 March 2025 2,472 557 393 3,422 At 31 March 2024 5,559 836 1,569 7,964 Comparable hlstorlcal cost for the land and buildlng5 included at valuation,. 17. Tangible Assets Land & Buildings at cost 150,000 Comparable historical cost for the land and buildings includod at valuatlon,. Land & Bulldlngs valuatlon 2024 Cost Accumulated Depreclation At 31 March 2025 193,830 193,83Q 193,830 193,830 The historical cost data above relates to the original cost of the properties purchased by the unicorporated charity, Lincol n & Lindsey Bli nd Society. These properties were gifted to the compa ny on 1st Apri12010. Land and buildlngs are not depreclated 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 2025 18. FIXED ASSET INVESTMENTS Fixed Asset Investments COST At l Aprll 2Q24 Additions Disposals Profit/Los5 on Sale of I nvestments At 31 March 2025 224,623 90,379 -116,262 1,276 200,016 Market Values At 31 March 202S 200,016 224,623 At 31 March 2024 The historica I cost data a bove relates to the orlglnal cost of the Investments a nd includes a mix of those purchased by the company and those glfted to the charlty, The charity held no investments that were more than 5% of the porffolio 19. DEBTQRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 23,731 23,731 7,166 7,166 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Deferred Income Taxation a nd social secu rity Other credltor5 19,178 7,785 1,560 28,523 20,850 4,757 4,566 30,173 Page IB
LINCOLN & LINDSEY BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 21. MOVEMENT IN FUNDS Net movement In funds, included in the above are as follow5: Balance Incomlng 31/0312024 resources Resources expended Gains and Losses Balance 3110312025 Unrestrlcted funds General fund 350,461 181,538 -142,5S6 1,276 390,709 Restrirted funds Designated funds - Lcttery Benefit Advice Benefit Advlce Fundlng - other aefriending Donations Trailer Expenses Fund Tesco Group Mablethorpe Club Funds Westcl Iff Cl ub Funds Llnccln Walking Group Moorland Lincoln Funds Louth Mens Group Louth Coffee & Chat Equlpment/Support Fund 21,927 106,786 71,621 34,783 -120,017 -71,621 -34,783 -3,609 8,696 6,050 2,441 20 78 211 20 129 161 351 138 -51 50 -351 40 143 218 13,334 226,995 178 103 218 33,717 45,662 -40 38,948 67,704 -18,565 -249,037 TOTAL FUNDS 418,165 408,533 -391,603 1,276 436,371 Page 19