REGISTERED COMPANY NUMBER: 07575651 (England and Wales) REGISTERED CHARITY NUMBER: 1142574
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025
for
Portsmouth Association For The Blind
Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA
Portsmouth Association For The Blind
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
Portsmouth Association For The Blind
Chairman's Report
for the Year Ended 31 March 2025
The Charity has continued to support its members throughout the year.
Our lunch clubs remain very popular, along with the bingo and singing groups. All very well attended and very beneficial and appreciated by our members.
The members have enjoyed various outings throughout the year, including pub lunches and a visit to the Lord Mayors parlor for afternoon tea.
The Charity received a donation from the Lord Mayors Trust we will be using the donation by introducing a new group in the New Year, an 'armchair' exercise class will be starting in January. We already have a lot of interest in it.
We continue to run our minibus to bring members into the Centre, a much needed and appreciated service.
Our collection pots are still being collected by our volunteer, he has managed to place pots in more shops/businesses throughout Portsmouth. They bring in much needed funds.
Going forward there are still challenges finding volunteers, especially volunteer minibus drivers, but the search continues. We are, as ever, very grateful to our small group of volunteers, without them the groups simply would not run. Some have been with the Charity for over twenty years.
We encourage not only people with a visual impairment but also anyone that feels lonely or isolated to come into the centre. We look forward to 2026.
Many members refer to the charity as their 'second home' some have no family or if they do they don't see them as often as they would like.
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Portsmouth Association For The Blind
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 provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENTS AND PERFORMANCE
Achievements and performance
It has been a good year for the Charity, the social groups are growing and have welcomed new members. The lunches are still being subsidised due to the donation we received.
The Charity has received a number of donations throughout the year. Our pot collections continue and are a good source of income for the Charity, also raising awareness. We still continue to run our mini bus which is an invaluable asset to the Charity as many that use it may not come in to the Centre if they had to get a taxi or rely on a family member. Our new armchair exercise class starts up in the New Year breakfast club in the New Year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07575651 (England and Wales)
Registered Charity number
1142574
Registered office
283 St Saviours Church "The Hayes Centre", Twyford Avenue Stamshaw Portsmouth Hampshire PO2 8PD
Trustees
B C Pike Mrs I Smith P Wanley D French P Oakley-Cleife
Company Secretary
Miss C M Bill
Independent Examiner
Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA
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Portsmouth Association For The Blind
Report of the Trustees for the Year Ended 31 March 2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... D French - Trustee
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Independent Examiner's Report to the Trustees of Portsmouth Association For The Blind
Independent examiner's report to the trustees of Portsmouth Association For The Blind ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts 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 statement
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:
-
accounting records were not kept 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
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Barter Durgan
Barter Durgan Chartered Accountants 10 Victoria Road South Southsea Hampshire PO5 2DA
Date: .............................................
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Portsmouth Association For The Blind
Statement of Financial Activities for the Year Ended 31 March 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 18,239 Other income 45,712 Total 63,951 EXPENDITURE ON Raising funds 2 42,244 Other 30,957 Total 73,201 NET INCOME/(EXPENDITURE) (9,250) RECONCILIATION OF FUNDS Total funds brought forward 300,842 TOTAL FUNDS CARRIED FORWARD 291,592 |
2024 Total funds £ 11,500 2,320 13,820 32,494 29,522 62,016 (48,196) 349,038 300,842 |
|---|---|
The notes form part of these financial statements
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Portsmouth Association For The Blind
Balance Sheet 31 March 2025
| 2025 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 1,095 Investments 8 221,746 222,841 CURRENT ASSETS Debtors 9 648 Cash at bank and in hand 70,029 70,677 CREDITORS Amounts falling due within one year 10 (1,926) NET CURRENT ASSETS 68,751 TOTAL ASSETS LESS CURRENT LIABILITIES 291,592 NET ASSETS 291,592 FUNDS 11 Unrestricted funds 291,592 TOTAL FUNDS 291,592 |
2024 Total funds £ 1,271 262,419 263,690 484 37,285 37,769 (617) 37,152 300,842 300,842 300,842 300,842 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Portsmouth Association For The Blind
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D French - Trustee
The notes form part of these financial statements
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Portsmouth Association For The Blind
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. RAISING FUNDS
Raising donations and legacies
| Postage and stationery Depreciation Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
2025 £ 249 176 - 425 2025 £ 176 (45,712) |
2024 £ 350 215 31,705 32,270 2024 £ 215 (2,320) |
|---|---|---|
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Secretary Administration and social centre |
2025 1 1 2 |
2024 1 1 |
|---|---|---|
| 2 |
No employees received emoluments in excess of £60,000.
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other income Total EXPENDITURE ON Raising funds Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Fixtures and fittings £ 2,183 1,315 87 1,402 781 868 |
Unrestricted fund £ 11,500 2,320 13,820 32,494 29,522 62,016 (48,196) 349,038 300,842 Motor vehicles Totals £ £ 13,308 15,491 12,905 14,220 89 176 12,994 14,396 314 1,095 403 1,271 |
|---|---|---|
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 April 2024 | 262,419 |
| Disposals | (85,000) |
| Revaluations | 44,327 |
| At 31 March 2025 | 221,746 |
| NET BOOK VALUE | |
| At 31 March 2025 | 221,746 |
| At 31 March 2024 | 262,419 |
| There were no investment assets outside the UK. | |
| Cost or valuation at 31 March 2025 is represented by: | |
| Listed | |
| investments | |
| £ | |
| Valuation in 2021 | (26,484) |
| Valuation in 2022 | 47,937 |
| Valuation in 2023 | (8,460) |
| Valuation in 2024 | 2,005 |
| Valuation in 2025 | (40,673) |
| Cost | 247,421 |
| 221,746 |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments | 648 | 484 |
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accruals and deferred income 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 300,842 300,842 Incoming resources £ 63,951 63,951 At 1.4.23 £ 349,038 349,038 |
2025 2024 £ £ 1 1 535 616 1,390 - 1,926 617 Net movement At in funds 31.3.25 £ £ (9,250) 291,592 (9,250) 291,592 Resources Movement expended in funds £ £ (73,201) (9,250) (73,201) (9,250) Net movement At in funds 31.3.24 £ £ (48,196) 300,842 (48,196) 300,842 |
|---|---|---|
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 13,820 TOTAL FUNDS 13,820 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.23 £ Unrestricted funds General fund 349,038 TOTAL FUNDS 349,038 |
Resources Movement expended in funds £ £ (62,016) (48,196) (62,016) (48,196) Net movement At in funds 31.3.25 £ £ (57,446) 291,592 (57,446) 291,592 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,771 | (135,217) | (57,446) |
| TOTAL FUNDS | 77,771 | (135,217) | (57,446) |
continued...
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Portsmouth Association For The Blind
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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Portsmouth Association For The Blind
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 11,820 | 11,500 |
| Legacies | 6,419 | - |
| 18,239 | 11,500 | |
| Other income | ||
| Gain on sale of intangible fixed assets | 45,712 | 2,320 |
| Total incoming resources | 63,951 | 13,820 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Postage and stationery | 249 | 350 |
| Depreciation of tangible fixed assets | 176 | 215 |
| 425 | 565 | |
| Support costs | ||
| Management | ||
| Wages | 39,713 | 31,705 |
| Insurance | 3,211 | 2,905 |
| Light and heat | 2,376 | 853 |
| Telephone | 913 | 1,439 |
| Sundries | 9,547 | 10,541 |
| Rent | 9,050 | 7,150 |
| 64,810 | 54,593 | |
| Governance costs | ||
| Accountancy and legal fees | 7,966 | 6,858 |
| Total resources expended | 73,201 | 62,016 |
| Net expenditure | (9,250) | (48,196) |
This page does not form part of the statutory financial statements
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