Charlty Reglstratbon No. 1196972 CIO No. CE027496 SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) LEGAL AND ADMINISTRATIVE INFORMATION Patron Chrisb"na Rennie Chalrnian Howard Fair Secretary Tom MdnuAy Chief Ex•¢utlv• Jackie Pty•5 Tru¥tegs TonyAbdoush Steve Boswell Hannah Chive Abwail Dowling Howard Fair D8vTrd Marsden Tom Mclnulty Lieke van Pull7 Charlty number 11%972 CIO number CE027496 Prlneipal addr•ss 3A Bassett Aven Southampton S016 7DP Other contact d¢tsil Telephone'.102318076 9882 Email". supwt@southampkSlgh1.org.uk Web site: *fy.sCpt0n9ght.(ry.Uk Independent examlner Fiander Tovell Limited Stsg Gates House 63164 The Av8n Southampl( Hampshire S017 1XS Bankers The c(perative Bank PO Box 250 Skelmersdale WN86 rgin Money Syinington House 7-8 North Avenue Clydebank Business Park Clydebank G812NT Payroll Administrat<)rn HJS 12 - 14 Carlton Place Southampton S015 2EA
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) CONTENTS Trustees, rewt Independent examinerfs report Statem1 of finanal ac*wlies Balare sheet Notes to the accounts 9-23
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees $&nI their annual rewt and financial 5tstements f(K the year ended 31 Marth 2024. The a)Unts have been kYepar¥d in accordance ¥Ath the a0xnbj Fdicyes set 1 in Ie 1 to tho aC£p)unts and comply wth the chartys Consb"tution. the Charities Ad 2011 and Accounting and Reporting by Charities.. statement of Recomrnended Practs'ce applicable lo chaniies PTepariThJ their accounts in accordarbce wth the Financial Reporting Standard applicable in th8 UK and Reputlic of Iland published in October 2019. Objectives and activities The Charitys objects are to promote the eifare of bthnd and parb'ally sighled pecple and people with hearing k)ss in &thaMptOn and the surrourlng area arJ to *Ju¢at¢ th¥ wbh¢ atrf)ut thèir needs. aswrations and capabil0$. Souihampton Sight IScMJth8mpton Society for the 1Th) exists because when someone is diagn05&I sight loss, it has a devasting impact on the physi1, fin8n<i81, and emolional heahh and wellbeing on the person and their families. To a15t wrth this Southampton &ghl offer5 a wide range of pracb.cal 5UPWYt to assist peoplè liwng with sight loss. Our Servi support5 living wth a visual impairment from dragnosis through to whatever is appropriate for tham. Our ssrvice users indude children. young peop, peoF4e of yrkirj age and cAder people. We offer a range of serwces to ensure that.. People ght b)ss wll have greater indopondon P8op18 sight k)ss wll experience Teduced i3cAalion People wth sight loss wll have greater access to information, advi. surpcwt and speualisl equipment in rélation to their sight loss . Residenls of Swthampton and aswxated profeSsa will have increased awareness of the effects of sight loss Achlevements and perfomi¥n We rewew our aims, objeth"ves, and a¢tivitses on an annual basis to look at what we have athi8v8d and the outcomes of our work in the preceding 12 months. Th8 kx)ks at the success of each key activity and the benefits they have brought lo people liwng sight bss. The rewew helps us to ensure our 8ims, objectives nd activities remain focJJsed on stated purpThs. We have refèrred to the guidance in the Charity Commission's general guidance on public benefft when reviewng our aims and objethes and in planning future actiwties. The Twstee5 (x)nsider planned aCliwt conlribute lo the aims and Objecti set out ate. Southampton sht is a proactive arKI foThvar&thinknng charity. We exisl because vthen scrfneone is diagnosed vth sight loss it h3$ a devastatiThJ impact on their phYCl. finan(ial and emotional health and wellbeing both at diagnosis and beyond. Southampton sht assist with Inf(tion and athce and a range of prath.cal supp( but are also proa¢tivè in ensuring services SUPFKrfts'ng people liwng t•thh gh1 kjss in sjtharnPI0 are brought together through cdlaboration and p8rtn8rship. Thè Charity supports over 1.100 people in S(yJthampton vtho are liwng vrilh Sht loss and who wish to benefft from our semces. The RNIB statistics Indile that T,()0 people in Southampton are liwng with sight loss of whixn 1,$00 are registered gt impaired or 3e¥erèty swJht impaired.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Main actwities and achievemerts for the riOd: At the end of th& r•p)rting [)eri 668 people {2651 cc¥rtactsl sighl1055 were directy supM)rt¢d by the tharity in year. 366 new referrals inlo Southampton Sight tsme frrxn the SKJht Loss Nurse Advisors at Southampton Univefsity Hospital TnJst, SouthamW City Cwntsl Sensw Tsam. k)cal agencies and direcuy from in(lividuals or f8mity m&mrS. The wmary activity is hdping Imng with sight kS Ihrough southamp &ghl Loss Advisors ISLAS) and supporting their needs by offèring inf0Mt and adwce, providing solutions. and making referrals to third parbes where appropriate. 155 people had face to face appointments. S(xrthampton Sight is also ab to demonstrate a range of IT assistive tethnology pri)ducts as well as provide training and lethnical support. Our SLAS conb'nue to demonstrate and arrange purchase of accessible tethnoh)Jy equipment as needed for benefiryaries. This Ls an extremely valuable 58M¢s sUpwxn9 peop ght h)ss to remain independent. Where mèmbèrs are finarrialty disaoantaged. we are able to ast in the PUTthase of small items or purchase besFoke training wa a lurHI kindty donated to Southampton Sfjht.. SoLthampton Stght assists Tts member5 wth appluIn5 for weffare bènefits where appropriate. most commonly Attendance Ajlowance or PeTscfflal Independence Paents (PIPI. We have continued to offef our telephone bjdty s(eme. a nv44 se devek)pe(J during COVIDI9. supporting people feding isdated and lonety. We art as agents for a charity called British Wireless for the Blind IBWFBI vtho prowde radios. radiolCDIUSB stick players as well as intemet-based radios. These are offerèd to mèmbers who m8•t th¥ criteria set by BWBF. We prowde a monthly newsletter whith goes to all of our members either in large print. USB stic*s or via email. These newslettérs fx)ntain a range of lpful inforniation and guidance for our members. In addition, we help member5 get accv35 lo audible twk5 eNher through our own audio library. the RNIB or through a dnty (alw CalitK8. 10. We conts"nu$ to deltver sooal groups at the centre vthich indude lunch dubs, age-appropriate groups and wriknng and book groups. These are all very well 8ttende(I wth 134 members regulaty 8tter7ding 1223 sessions. 1.480 attendances). 11. &wthampton sht in partnership with Southampt1 Cty Counul Sensory Serwces and Southampkni University Hospital Tnjst devebped and delivered training for Sight Loss Nurse Advisors based in the Ophthalmology Unit. This inib"ative at thè hospilal has gonè from strength to strèngth wth 6 mor• SLNAS trained in the year. These Nurses are based wthin Ophthalmology tearn suppcvting patients lo access further support on their sight loss ioumey. In May 2023 Kn's Gibson. sighl loss advisor, was present in Copenhagen as part of a group frrAn Southampton Univer51ty Hosprtal Trust pr8senb.ng our project vthich incorF1es Authentic Partnering lo empower pats'ent to make informed Choi5. 12. sjthamP10n sht hosts both Southampton Cty Cwnol Sensory Services and NHS Low vision service making the centre a sight loss ca)mmunity hub for peWe residing in Southampton. 13. Children and Young PeqA8'S 58r¥i(x5 are d8lNer8d as a tX)r"on 8rKI partrber5hip belween Southampton City Council Educalion Tearn. Guhle Dcos for the Blind and SCaMpton Sight. Manag•m•nt and stafflng Southamplon Sighl employe(14 part-trme staff and 2 lull-tsme staff in this penod. The day404day operations of the Soaety are the responsibility of the CEO, who is supwrtgj by the SeNs Manager and 3 SKJht L(&ss Athsors.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 VoluTrtser¥ Volunteers are an essenbal part of SouIhamp Sight'5 Servi defN8ry. The thanty fortunate lo be able to call pon 39 volunteers across Southampton to cover a range of dulles. Volunleers support a number of OUT setviixs and provide 8 vAd8 rangè of i)ractical help induding administralion SUPFYt. befriending, and running swal and activity grjpS including Iranswt to and from the centre. Flnanelal revlèw Total incoffle rec8ipts for thè year ending 31st March 2024 were £225,674 (2023.. £163.7911 resuliing in a deficit for the year of £13.61912023'. deficxt £72,3231_ Restn"ded income receipts of £122,871 12023." £118,443) derived principally from a grant from the National Lottery Communty Fund Ihat supptsl our core ojsts. Our unrestricted voluntary income linduding grants) increased this year and we Yre gralefvl to receNe £71,451 in donations, Ia&S and community fundraising12023.' £16,426). Total expenditure for the year was £239.29312023: £236.1141. Thè yearnd fijnds of the chanty total £363.053 (2023.. £376,672). The unre51ricted ftjnd balance was £204,702 12023.. £274.3051. The restricteil fund b8lant was £51,519 {2023.' £60.1281 and the designated fiJnd balance was £106,83212023.' £42.239). Reserves policy The Trustees have set a reswes policy for the forthcoming year. The Trustees have given due consideration to the external enwronment and the performance of Current <¥)gratS and havè sèt a policy whil rèquires that reseTh8s be maintained at a level to ensure continuity of Southampton Sight's o)re actTVTbes during current uncertain times, and wknich recognise5 that the pfi"n(Jpal source of funding is from legaaes, lch by their very naturè are unpredictable. The Truslees aim to mainlain free reserves in unrestricted fvnds at a level which equates to a minimum of eighteen months and 8 maximum of 36 nth$ of unrestricted charitable expenditure to ensure that ther8 3r8 suffia8nt resources". . To 8nable Southampton Sighl lo continue to delNer its ¢<xe act$ To meet short term cashllow requirements To prowde funds to protect southampt Sight against unftyeseen adverse circumstances In the event of the Southampton SKJhl being 8 wipienl of a larg8 legacy, the Trustees wll undertake to review the activitses ol the Ch8rty. This policy 11 be reviewed annualty. The unreslricted reserve5 held at 31st Marth 2024 were £204,702. Risk manag•m•nt The Trustees have overall responsibility for ensuring that the Charity has approprrate ¢J)trol$, induding operational and financial contrc4s. They are also r8spons5Ne for safeguarding our members (when Teceiwng our serwcesl and assets, for takn.ng SOnable steps to PTe¥ent a¢))dents arKI bn(id8nt5. to wevent and detect fraud and other iTTegularities and to gNe reassurance th.. The Centre is safe for our members and staff. Our assets are safeguarded against unauthorised use c diskxwl. Thère are proper records and finanoal informalK. We compty with r81ev8nt Laws and regulations. In meets.ng its reswnsibilrties, Ihe Trustees have adopte(J a risk-based appToath to intemal COntrS and all major risks that the Charity is exposed to have trmn identified. Teviewed and PTcttdure5 have been estsblished to manage those risks.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Struetur•. governance and m•n•gwnont L•gal structur• Established as a'charity f the blind. in 1899 vthen it was krlown a5 the Southamptrjn Association for the 81ind, Southampton Sight was fornerty an Unin¢x)rfftted Membership Charity Ire9iStered Charity number 255718}, receiving Charitab ragistration in 1968. In August 2021 an Extraordinary General meeting wa5 held where rt vds ayreed to apply to the Charity Commission lo become a Chaiitso In¢)NFr Ckganisatw)n (CIO) Foundalion model effeclive 1 Aprll 2022 l¢harity number 11969721. The trustees who s8Thed during the year and up to the date of signatyre of the finanual slatements were: Tom McInUY David Marson Steve Boswell Lieke van Putten Hannah Chivers Tony Abdoush Abigail Dowling Howard Fair How we are managed The Tnjstees act for and in the name of the Chaty. The Trusteos r8tsin ultimate o)ntrol over all asFcts of the Charitys work and trnsu hs financial and legal ressibIlitses are frJlfilled. Under the Articles of Ass(Mi8tion. the Board of Trustees cortsists of at leasl the and not more than twe individuals. It is usual fof 50% of the Board to be persons Wrth wght loss lived experience of sight loss. At present. the Board Consists of eight appointed Twstees of whith 50% are Iing th sight10s$. Thè Board meets bi-monthty. All the Trustees gNe their ts"Fr vdijntarity and re¢eive no bèneffts from the Charity. The Chanty is grdteful for thgir ssrmce. Day to day respon8ibilty for the managèmènt of the Charity resls vthh the Chief Exeojtive, who is a fvIlme employee. and is directy acc(MJntable to the Twstee Board. The Trustees who serv•Y during the year are listed above. AwKM'ntm9nt of Trust88S is thrgh Co-opti( followed by rs-election atAGM. Nomination for new Twstees can also be put I(rd by any voting member at the AGM. New Trustees receive an information pack contsbning information abwt the Organisab.l. guidance litatUre from the Charity Commission, and ongoing supp(xt and training necessary. All Trustees ¢omplet8 8 fijll DBS disdosure. WO to an agreed Job descripti and are subj'ect to all the polic4es of the Charity. Tnjslees work within the stsndards outlined wthin Ihe Hallmarks of an Effeclive Chariv 8S defined by tho Chanty Commission.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Future We are immensely proud of our reputaticffl for making a sgnfficanl and meaningful impacl supporting peoF4e living wth sight loss. We supwt People IrDm southampt and the sumyjnding arèas drff8rgnt lrfe experiences but wth one thing in comrnon - the harsh realty of the phywcal. pSythdjIc81. ecK)nom and social consequenc%s of liwng sight loss. MtM"ng fort¥8rds the Trustees have agreed a strategy to continue to develop our setvices lo assist peOe living sight loss in the m05t praclical and proaclive way to enable people to ¢w with tho challenges they face. W8 ar8 in a strong position to continue Ihis work as r financial statsjs has remained stable due to wudent financial management and support Iaties, grants. donabons and OLbr National Lottery fijnding. In 2024125 we are hopeful ihat the new financial year will bring new opportunffj.es to enabb us to m8int8in our exisling serwce5 al the same time as devdoping services further to support people liwng with wght loss. The trust port wa5 8pprov8d by tho Board of Tfustees. HRFair,F Tnjstee Dated..
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHAMPTON SOCIETY FOR THE BLIND I report to the trustees my examination of the acwjnts of SJtharnpto Souety tr the Blind (the charity) for the year ended 31 Marth 2024 whirth afy set page$ 7 to 23. Re$pon$lbllttl•s and basis of rep¢xt As th9 tnlslees of the charity you are re5ponsble for Ihe pr8par8lion of thè finarrial statements in accordance with the requirements of the chanb.es Act 2011 Ilhe 2011 Act). I report in respect of my examination of the Charis accounts carried out under secb.on 145 of thè 2011 Act. In carying tyjt my examination I have followed all the apKb[5b Directions given by Ihe Charity Commission under section 14515Kbl of tho 2011 Act. Independent examinerf5 ststemwrt I have completed my examination. l txnfirn that no material matters have come to my attentson in ConnecOn with the examination giving me cause to believe that in any material respect.. accounting record5 were not kept in r8SP8Lt of the (tharity as required by seclion 130 of the 2011 ACL" or the financial statements do not accowil thos8 r8cx)Thls", or thè finanaal statements do nol comply wth the applicable requirements coficeming thè fomi and content of accounts set out in the Charities IA¢oxJnts and RekxNtsI Regulations 2008 other than any Tequiremenl thal the accounts give a true and fair wew whic* is not a matter considered as part of an independent examinats. I have no concern5 and have comè across no other matters in connection with the examination to which attents'on shcHJld be drawn in this rem in order to enable 8 pr(yer ijnilerstsnding of the finanual statements to be reach Andrew Jay, ACA FCGA Fiander Tovell Limrted Slag Gates House 63164 The Avenue SoLrthampton Hampshire S017 1XS Dated..
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictsd Vnregtricted Restrlcted funds funds funds general designated 2024 2024 T*)t•l Total 2024 2024 2023 Incom• and èndowm•nts from: Donations and leg8CIèS Ch8ritabl8 actiV6S Othèr tr8ding athviti8$ Investments Other income 71,451 20,534 6,127 4,691 122.871 194,322 20.534 6,127 4,691 134,869 19.859 8,131 834 Total Incom• 102,803 122.871 225.674 163,791 en iture <)n: Raising fvnds 899 7.798 8.268 Ch8ritabl& athtbes 65,374 34.641 131,480 231,495 227.846 Total resources expended 72.273 131,480 239,293 236,114 Ineomlnglloutgolng) r•sourc•s before translers (35.5401 {8.609} 113,6191 (72.3231 Gross transfers between funds 1100.1331 1(M),133 Net expenditure for the yearl Net movem•nt In funds 169,6031 64.593 18.6091 113.6191 172,323) Fund balances at 1 April 2023 274,305 42.239 60.128 376.672 448,995 Fund balance¥ at 31 Mar¢h 2024 204.702 106.832 51,519 363.053 376,672 The slatement of finan(>al ath"viti"es Midudes all gains and losses recoJnis&J in the year. The statement of financial ath'vibe5 indudes 1 gains and losses recoJnised in the year. All COme and expenditure derive from continuing activities.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixe*J as5et5 Tangible asse 14 45.327 53.989 Current assets Stocks Debtors Cash ai bank and In hand 15 16 2255 15.139 310739 1.977 11 778 319.455 328133 333,210 Creditors.. amounts lalling due within one year 17 110.4071 110.5271 Net current assets 317726 322 683 Total assets less current liabllllle$ 363 053 376 672 Income lunds Resliicted funds Unreslncled funds Designated funds General unresincted funds 51.519 60.128 19 106 832 204 702 42.239 274.305 311.$34 316 544 363 053 378 672 The ccoun were approved by Ihe Tru51ees on..... . HRFa Trustee
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢ies Charity infoThation Southampton Society for the Blind Isoulhamplon Swhtl Is a ch3ri1aWe incorpofated organisation ICIOI, regISler with the Chaniy Commission In England & Wales Iregistere(S chanty ntsmber 11969 1 21. and has a governing docuFnenl referred 10 as The Consiilution Ila$i amended 6 odober 20211. The pnncipal address is 3A eassel Avenue Soufhampton S016 7DP. 1.1 A¢¢ountiny convention The accounis have been prepared in accordance wrth the Charrties Act 2011 the Financial Reporting Standard app1cable In the UK and Republic of Ireland IFRS 1021. A¢counting and Reporting by Chanties Slalemenl of Recomrrended PraCb applicable to ch3nlies prepanng Iheii account5 In accordance with the Finanoal Reportin9 Siandard applicabk In the UK and Republic of Ireland Issued in October 2019. UK Generally Accepted A¢counling Practi and applicable ¢hanty trw. The chanty Is a Public Benefrt Entity as defined by FRS 102 The chafjty has lakerTr advantage of the provisions in the SORP for chanties appfying FRS 102 Update Bulletin 1 not to prepare a Stalelnent of Cash Flow5. The financial 5tatemenlS have been prePad to give a 'true and fair vtew and have departecl from the Charitie5 IAccount5 and Report51 ReguL4lions 2008 only 10 Ihe exienl required 10 PTovide a "true and fair view This departure has Invofved followng ihe Accounting and Reporting by Charrties Staternent of RecomTTrended Pr8Ctice applicable lo chanlies preparing their accounts in accordance with the Financial Reporting Slandaid applicable In the UK and Republic of Irelantj issued In O¢iober 2019 raiher than the Acwunliftg and Reporting by Charitres Slatement of Recomrnended Practice effective from 1 Apnl 2005 which has since been witt)dravm. The finanual statements are prepared in sterling. which 15 the funL1vJfjal Djrrency of the chanty. Monetary Jmounis in Ihese finanal staiements are rounded to the nearest £. The financial siaiements have been piep3red under the hisioncal cosi convenvoTr. The prinupal a¢counting policie5 adDpled are sel out below 1.2 Goin9 concern Al Ihe time of approving the financial 5tatemenlS. Ihe trustees have a reasonabk expectation that the charity ha5 adequate resources lo continue In operational ex15tence for the foresee3ble future. Thu5 Iru5tee$ consider It apprOpale to adopt the going conrn basis of accounting In prepanng these financ131 statefnetFI5. 1.3 Charitable lunds Unrestricted funds are available for use at the disuetK)n of the Iru5tees in furtherance of their charitable objectives unless the futTrds have been designaled lor other purposes. Designated fufids are fund5 set aside by the trustees for specffjc purposes. Reslncted funtys are subject to speafic condrtions by Oonors as to how they may be u$ed. The purpose5 and uses of the restricted funds are set out In the noles to the account5. Tffjnsfers are made bemeen funds when adequate jUSbfi¢atr)n and supporring ewdence Is provided. 1.4 Incoming resourte$ IncoFne 5$ recognised when the chartty 15 legalty entitled 10 Il alter any perfomiance conditions have beell rnel. the amount5 can be rneasured reliably and rt Is probable Ihat income will be received. Donations and legacies are recognised when Ihe charity leiveS notrfKAtion tttat rf ha5 become entitled to the Incorne and the amount can be measured reliab
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountbng pollcle¥ {Contlnued) Legaaes are rec£Jnised on receipt or othwVse rf the thanty been notified of an impèndin9 distribution, the amount is known, and receipt is probable. Ir the amount is not known. the legacy is treal&l as a contingent as5eL Grants from local authoritses and similar organisations have been induded 8$ (Jntract for SerW whe applicable but as datiOnS where the IreY is given grEater freejjcffi of use. Inwne is deferred when the monies rl¥Able are speoficalty degnated for a fLrture time period. 1.5 R¢soure•s expended Expenditure is Teo)Jnised once thern is a legal or conslructs've Ob1a.0n to transfer ecoTh)mic benefit to a third party, it is probable that a Iransfer ol economic bsneffts wll be required in 5etUement. and the amount of the obligation can be measured llabty. Expenditure is dassthed by acbwty. The o)sts of eath afy made up of the total of direct costs and shared costs. induding support costs tnv(Aved in undertaking each actiwty. Direct u)sts attributsble to a single acts'vity are allocated directty to that acb'wty. Shared costs vthith Cl"bUte to MO than one actiwty and support costs which are not atlributsb18 to a single activity are apporOned behveen those a¢tieS on a basis consistent wth the use of resources. Central staff costs are alk)¢ated on the baS of time spent, and depreaation charge5 are 311(Kat8d on the ?On of Ihe asseys use. l &xrdi1Ure is acwJnted for on an ac£waLs basis and has be dasSIf under headings thal aggregate all costs relating to that ¢ategw. Irrecoverab VAT is induded Iwth the category of expenditure to which it relales. Support costs and management arKI administration exlrtUre have been allocated beN¥een expenditure on charitsble activrti.es and 8xp8nditure on raising fijnds based on an estirnate of staff time SnI on 8a(*) activity. 1.6 Tangibkn fixed assèts Tangib fixed a55ets are inib"81ty measured at cost and subwuentty measured at C05t or valualion. net of epreaation and any impairment losses. Depreciation 15 recognise(l $0 as to writè off the cost or valualion of assets less Ir residual values over their useful lives on the following bases.. Leasehokl improvem8nts FiXtus, fittings and equipment Computers straigm line over 24 years straighl line over 410 years straight line over >5 years The gain OT loss arisin9 Cffi the disKX)sal of an asset is deteined as Ihe drfference btheen the sale proceeds and the carying value of the asseL and is recognised in the statement of financial a¢ti¥&s. 1.7 Impalrment of fix Sets At each reporting end date, the charity rewews the carrwng anTh)unts of its tangible assets to determine wh8thef th8re is any indi(xtion that those assets have SLrffered an impaimient loss. If any such indication exists, the recoverable amount of the assel is ests"rnated in order to determine the extent of the impaimient loss Irf any). 10-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aecountlng pollci (Contlnuedl 1.8 Stocks Stk is ststwj at the kr4ver of o)St and net Tealisable value. Nel realisae value is the estimated sdling all eslimated costs of completion and Costs to be inojrred in marketing, sèlling and dislritrtJb"on. 1.9 Cash and cash equTrv•l¢nts Cash and cash equivalènts indtjde cash in hand. deposits hehl at call with banks. oth8r shtyt-tenn liquid investments with original maturiti'es of the MthS ¢y less. an¢J bank overdrdfts. Bank overdrafts are shown w¢thin borrowngs in (xjrrent liabilities. 1.10 Financial instruments The charity has elected to appty the provisicS of Seclion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instrum8nts Issuès. of FRS 102 to all of ts finanual instruments. Financial instruments are recrjnised in the charitys balanfx sheet when the drity becomes paty to the ¢traCtual prow5ions of the instrument. Financial assets and liabilibes are offset. wllh the net amounts presented in the finanual statements, when there is a gallY enforceable right to set off the recognised amounts and there is an intenb.on to setue on net basis ¢y to realise the assel and settle the liabilty wmultan8ously. 8a$i¢ fin4nci•l assets Basic financial assets, which include debtors and c3sh and bank balances, are initially measured at transaction price induding transaction costs and are subsequently carried at am0"Sed ¢x)sl using the eff8CtIV8 Interest methixl unless the arrangernent constitutes a finanung transaction, where the transaction is measured at the present value of the fvture repts diso)unted at a market rate of interest Finanual assèts dassified as receivable within on8 year arè nol amorbs8d. Basle flnanclal Ilabllltl•s Basic finanal liabilib"es. Induding edItorS and bank loans are initsalty rec¢JJnised at transaction PriCE unless the arrangement constitutes a finanang transacti(, where the debt instrument is measured at the presént v3Iu8 (rf the ft5tur8 paymellts dIsct8d at a m8rk8t ratè of inter8St. Finanaal liabil"eS dassthed as payable thin one year are not amortised. Debt instrvfflents are subwuenty carried at amortised cosL using the effeclive interest rate methol. Trade credttOf5 are obligation5 to pay for g(KAs ty servi(s that have been acquired in the Ordinary COUT5e of oFratsons Irom suppliers. AJ)KyJnts payable are dassified as ojrrent liabilities rf payment is due within one year or le55. If not. they are presented as nUrrerrt liabilitiès. Tradè treditots are r8cognise(l initially 8t transaction price and subwuently measur&J at amorbs&J cyjst using the effecfNe irrterest method. 1.11 Efflploy•e benefits The cost of any unused ImldaY ènliuèment is recognised in the peric¥J in lch the employee's seNces are received. Tem7ination beneffts are recognised immediatety as an expert5e 4then the charity 15 demonstrabty committed to tenninate the emplOyt of an employee or to k)roMde tem71natK benefits. 1.12 Retirement benefits Thè charity contributes to employee's defined contribution pension sthernes and Ihe charitls auto-enrolment pension scherne. The assets of these sthemes a held separatety from those of the charity in independently administered funds. Payments to defined contribution retirement benefft schemes are charged as an expense as they lall due. 11
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 CTltical accounting ostlmates al judgements In the application of the ctharitys acccmjnting policies, the trustees are requifed to make judgements. estsmales and assumptions about the C?ng amount of assets and liabilrties that are not readily apparent from other Sources. The esb"matss and associated assumpt$ are based on historiol experience and other factors that are considered to be relevant. Aciual results may differ from these estimates. The estimates and undedwng assumptions are rewewed on an ongoing basis. Remsions to accounting estimates are recognised in the period in which the estimate is rewsed where the rew510n affeds only that period, or in the pon(wJ of the revision and futu periods where rewsion affects currenl and fvture periods. Donatlon$ and l•gacl•s Unrestricted Restricted funds funds neral Totsl 2024 Total 2023 Donations and grfts Legacies receivable Grants 14.854 55.597 1.OC(I 15,854 55,597 122,871 14,419 1,007 119,443 121,871 71.451 122.871 194,322 134,869 For the year ended 31 Mar¢h 2023 16,426 118.443 134,869 Grants include government grants of £44,582 12023 - £57.7651. The Access to Work grant amounted to £44.582 (2023 - £35.2921. Prior year grants also iThJuded a Communty Infra5twucture Levy grant 01 £22,473. Charttabl• actlvltS•s 2024 2023 Equipment Supptht work Transport income 4,627 7,774 8.133 5,084 6,757 8,018 20.534 19,859 Anatysis by fund unrestn.cted funds- general 20.$34 19,859 20.534 19,859 12-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other trading activbtiej 2023 Room hire Fundraising Sale of donatèd goods 1.15B 4,780 189 1,091 7,040 Other trading actiwbes 6,127 8,131 Analysis by fund Unrestricted funds- general 6,127 8.131 6.127 8.131 Investrnents 2024 2023 Interest receivable 4.691 834 Analysls by fund Unrestricted funds- general 4.691 4,691 834 Other Income Unr•strlet•d Unrestrlet•d fund$ funds 2024 2023 Nel gain on disposal of tangible fixed assets 98 13-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Raising fvnds Unrestrl¢tsdUnr•strlet•d fund% fvnds general designated Total 2024 Total 2023 Fundraising costs Share of support costs (see note 91 11 899 910 6,888 1,823 6,445 899 7,798 8,268 Analysis by fvnd Unrestricted lunds- gen8ral Unrestricted lunds- desbgn8ted 6,899 6.899 6,579 1.689 6.899 899 7,798 8,268 Charltabl• actlvlties 2024 2023 S181 and wetrare acimties Equipment and aids 16,361 2,916 5,247 5,811 19,277 11,058 Share ol SUPF*Jt Costs (see note 101 Share of govemarKe cc6ts (see note 101 209.518 2.7 214,361 2,427 231,495 227,846 Analysls by fund Unrestricted fijnds - genefal Unr8Strict8d ftjnds - dèsignated Restricted fvnds 65.374 34,641 131.480 61,963 42,570 123,313 231.495 227.846 14_
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs Support Governance costs 2024 2023 Basis of allocatlon Staff wsts DeprjatiOn Premise5 cos15 General Offi costs Travel Sundry costs Training and TecTUitment Advertising Bank and intot charges Accountancy Legal and professional 168,502 11,170 21,416 5,032 7,080 923 1.479 495 309 168.502 11,170 21,416 5.032 7,080 923 1.479 495 155.913 Staff time 12.995 Staff time 34.666 Staff time 5.537 Staff time 7.382 Staff time 1,019 Staff time 2,793 Staff time 140 Staff time 361 Staff timè 2,700 2.7CKI 2,221 Govemance 206 Govemance 216,406 2.700 219,106 223.233 Analysed betr Raising funds Charitable activities 6.888 209.518 6.888 212.218 2,700 216.788 216,406 2.700 219.106 223.233 Governance (x)sts indude costs of the independent examinalion of £2,7{223- £2,221). 11 Trustee¥ None of the irustees lor any per5 conne¢t¢d 7fvrith thwnl r1¥8 any remuneration or benefits from the tharity during the year. No expense payments were made lo truslees during the year12023- nr)nel. 15-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employ•es Numbor of employees The average monthly number of employees during the year was-. 2024 Number 2023 Numb•r Employm•nt costs 2024 2023 Wagès and salaries So(ial s8curity costs Pension wsts 154,485 8,410 5,607 143,346 7,631 4,936 168,502 155.913 There were no employees whose annu81 remuneration was £60,000 OT mor8. 13 Taxatlon The tharity is exempt from tax on income and gains falling within Part 11 of the Corpor8tion Tax Act 2010 or section 256 of thg T8xation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14 Tanglbl• flx•d assets Leaiehold Improvements Flxtum, Comput• flttlngs and uipment Tot•1 Cost At 1 April 2023 Additions 29,994 51,767 1,486 16,675 1,022 98,436 2,508 At 31 March 2024 29,994 53,253 17,697 100,944 pr•¢l•tlon and Impalmi•nt At 1 April 2023 Depreciation tharyed in the year 4,685 1,518 29,269 6,201 10,493 3,451 44,447 11,170 Al 31 March 2024 6,203 35,470 13,944 55.617 Carylng amount At 31 March 2024 23.791 17.783 3.753 45.327 Al 31 March 2023 25,309 22,498 6,182 53,989 16-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Stock 2024 2023 Equipment lor resa 2.255 1.977 16 DebtorJ 2024 2023 Amounts falling due w1th5n on• year. Trade debtors Other debtors Prepayments and acLYJed incomè 2.951 1,533 4,920 15,139 11,778 The charity has been notified of a legacy. As there is son* uncertainty regartliry Ihe amount due, no provision has been made in the a¢¢ounts. The amount receivable 15 experted to be in the region of£80,000. 17 Crndltors: am4)unts falllng dug within one year 2024 2023 Tr8d$ ueditors Olher (xeilitors Acuuals 6,655 326 3,426 7,205 3,322 10,407 10,527 17-
SOUTHAMPTON SOCIETY FOR THE BLIND {KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 RtrIct•d funds The restricted fiJnds of the tharity M¥1se the unexpended balances of donations and grants held ¢)n tfust subject to 5pecffic u)nditions by dor13 as to how they may be used. Movement In fund• Balance at 1 In¢omlng Resources Awll 2023 $015 wended Transf•r¥ Balance at 31 March 2024 UPS Foundatic HAUGBPS Access to Work orrisons South8mptrMI Charitable Trust C(w6 Bursary Fund I C Quinton) National Lottery Community Fund Quinton Helping Others (Hardship Fund) C Quinton SVS - Covid Building Grant L8eds Builidng Soaety HIOWCF - NET Coronawrus Programrne SCC- Hearing Lcop SCC- Refurbishment Grant Enefgise Me stardship- Looking Folwanl OAJinton Pitt- Lo)king Forward Quinton Pitt- Vdunteer Conference Mary Adams- Stsff Training 241 203 5.102 11,t#)8 93 (1211 {681 144,6281 (5501 {9781 15361 120 135 5,056 10,458 44.582 914 1.398 914 60,079 (61.4771 8.059 22,260 (6)1 18.9271 {1001 {1601 7,459 13.333 100 160 {312} 11001 {1,8061 {7.5681 181MII 314 200 7.222 2,432 1,376 2,400 9,028 10,(O) 2.176 1.749 11,749) I1,0) 60,128 122.871 1131.480) 51,519 18-
SOUTHAMPTON SOCIETY FOR THE BLIND {KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 ROstrfct funds (Contlnued) Mov•m•nt fund Balanc• at 1 In¢omlng Resources Aprfl 2022 resour¢es •xp•nd•d Transfers Balanc• at 31 March 2023 UPS Foundation HAUGBPS Access to Work Mofrisons Southampton Charitabl& TIlt cp6 Bursary Fund IC Quinton) National Lottery Communty Fund Quinton Helping er5 (Hardship Fund) C Quinton SVS - Cowd Building Grant Leeds Building Sou"ety HIOWCF - NET cOronarS Prograrnme SCC- Hearing Loop SCC- Refurbishment Grant Gardeners Trust CMp5 Amold Clat Communty Fund 362 271 926 11,558 11211 1681 {31.1161 15501 17471 19731 241 203 5.102 11.008 93 536 914 1.398 35.292 914 11.778 168,7091 8,223 26.911 11641 4.6511 11001 {1591 8,059 22.260 200 319 {3121 11001 113.4451 1611 11.0371 11.0001 826 300 9.028 4(M) 22.473 61 1.037 118,443 1123.3131 60,128 19-
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds Icontlnuedl UPS FOundatiC - This is incyffie prolided sp1[Y for the refvrbishmenl of the krtthen. The balance hebj on this fvntl is wthin fixed assets. HAUGBPS - This comwtsas funds given by the charity. Hampshire Advocacy User Group the Blind and Parts"ally Sighted. The lunds are to be used for a]uipment and dets" of equipmenL Access lo Work- Funding for SUPKKXI worker for a Msualty impairgd member of slaff. The balanc8 held on this fund is within fixed assets. Morrisons - Funding from the Morrisons Foundalion replaang the ffat rwf of the Centre. The balance held this fijnd is thiN fixed ass81s. Southampton Charitable Trust- Grants for Ihe bensfft ofth'Si¢k Poty of sthaMp1'. c0p 6- Grant from the Cws to pay for heathy IC for our memters attending our soual actiwties. Bursary Fund (C Quintonl- This inccrfne %YdS dcfflated for the provisicffl of a tsjrsary fvnd. National Lottery Community FurKI - FurKling to supwt Ce SwMce and Volunteer and Apprenticeship Programme. Quinton Holping Others (Hardship FuThJl- Hardship fijnd for pewg wilh wght loss. C Quinton- Supporting young through posibve change. SVS - Cowd Building Gfant - Funding to SUPF¥Ni nacessary changes to make the building o)wd compliant. The balance held on this lund Is within fixed assets. Leeds Building Soeiety - Provi&(m of an indud]"M hob in tho rehakn"litalion kitchert .The balance held on this nd is within fixed assets. HIOWCF - NET CoTCffjaS Programme - FurKliThJ to COV-19 pandemic befriending and meals prois¢t fcK peopl$ with sight kw. The ba18ll(¥ hekl on this (und 15 1n fixed assets. SCC- Hearing Lw- Grant frem Southampton Crty C(MJn¢il fty the pur(ase of a PKjrtale hearing Iwp. SCC Refurbishment Grnnt- Grant from S(Arthampton Cty Counril for thg r8fvth"shm8nt of th8 m8in hall and offieès * the Soo"al Centre 8t 3A Ba&8ett Avenve. Energise Me - Funding awarded fty weekty swimming and actiwty Prcqrammes encouraging people living th sighl loss to become active. Stewardship and Quinton-Prtl L(x)knng F(Kward funds- Funding awarded to support the training of Sight Loss Nurse Ad¥isor5 based al ScthMptC Universrty Ho¥Mlal. Quinton?itt- Volunteer cOnferen- FuThling awarded an annual vokjnteer conference. Mary Adams- Staff Training- A gift of thanks for the stsff who sUPPX)rt SLXrthampton &ghl members tirdessty.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2024 18 R•strtct•d funds Icontlnuedl Gardeners Trust- Funding to $uppty equipment to jEt indeperKlent fvng skills. Ccrop 5 - Funds raised by c0p members io support Covid-19 partdemic befriending and mea15 prciect for people with sight loss. Arnold Clark Community Fund - Fun(ts reiVed for the running of a lechncdogy café for people living wth sight loss. Transfers are made bèts¥een restrictsd and unrestricted fvnd5 7fvthon funds are no k)ngèr r8quir8d to be held for specffic purposes or wthere insufficient fvnds 8re held to meet speufic purpose5. 21
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Designat funds The unrestn"¢ted frjnds of th• charity comprise the unexFended balances of donaticffls and grants whith are not subject to specffic cl)nd.0ns by donor5 and grantor5 a5 to hrw4 they may be used. These indude designale(I funds whith have been set a&de out of unrestn'ctsl fuThJs by the tnjstees for speufic purposes. lovenwnt funds B•l•nce at 1 Incoming Re$ource$ April 2023 resources expended Transf•vs Balanc• at 31 March 2024 Building Fund Apprenticeship Fund National Lottery Fund Redundancy Fund 21,556 19.2951 22,816 120,683} 73,000 25,000 35.077 126.2451 46,755 25,OIKJ 42,239 135.5401 11KI,133 106,832 Movement In funds B•lance at 1 Incoming Resources April 2022 vesourc•s expended Transf•rs Balaneè at 31 March 2023 Building Fund Apprenticeship Fund National Lottery Fund 30.169 20.683 20.044 18.6131 21,556 20,683 135.646 15,602 70.896 144,2591 15.602 42,239 Building Fund - Funds set asid$ by the trustees to cover the o)st of Iiklj imwovements. Appr8ntsceship FurKt - Funds set a&dè for the C(& S8rw and Volunt88r and Appn"CeSthip Programmè. Due to the finanaal dimale Southampton Sight has a recnjitment freeze to ensure ojnwstency and stabil going forwards. As these funds are no longer required, these have been transferred to general fijnds. Natjonal Lottery FvrK1 - Funds set asK1e ¢0 cover o)sts reLqb"ng to the CNe se and Wunteer and Apprenticeship PTc*Jramme. Redundary Fund - The trustee5 have agreed to Sel asHde £25.1• as a redundancy fund.
SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Anal15 of net between fvnd• Unrestricted Unv•strict•d funds funds g•n•ral d•signatsd Restrrcted funds Total Fund balances at 31 March 2024 are represented by.. Tangible assets Current a55etsllliabililies) 17,238 89,594 20,701 30,818 45,327 317,726 197.314 204,702 106.832 51,519 363,053 Fund balances at 31 March 2023 are r8presented by". Tangib assets cUt awtsllliabilrf]"es1 9,32S 264.980 19.371 22,868 25,293 34,835 53.989 322,683 274.30S 42,239 60,128 376,672 21 Related party transactions There were no disdosable related paty transactions duriThJ the year12023- none). R•munèratlon of key manag•m•nt p•rsonn•l The iemunerati¢)n ol key management petsonnel is as folk)ws. 2024 2023 Aggregate Ternuneralion 80,828 86,470