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 Pull￿7 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@southampk￿Slgh1.org.uk Web site: *fy￿.sC￿pt0n9ght.(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 Statem￿1 of finan￿al ac*wlies Balar￿e 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 ￿$&nI their annual rewt and financial 5tstements f(K the year ended 31 Marth 2024. The a￿)Unts have been kYepar¥d in accordance ¥Ath the a0x￿nb￿j Fdicyes set ￿1 in I￿e 1 to tho aC£p)unts and comply wth the chartys Consb"tution. the Charities Ad 2011 and Accounting and Reporting by Charities.. statement of Recomrnended Practs'ce applicable lo chaniies PTepariThJ their accounts in accordarbce wth the Financial Reporting Standard applicable in th8 UK and Reputlic of I￿land published in October 2019. Objectives and activities The Charitys objects are to promote the *eifare of bthnd and parb'ally sighled pecple and people with hearing k)ss in &￿thaMptOn and the surrour￿lng area ar*J to *Ju¢at¢ th¥ wbh¢ atrf)ut thèir needs. aswrations and capabil￿0$. Souihampton Sight IScMJth8mpton Society for the ￿1Th￿) exists because when someone is diagn05&I ￿ sight loss, it has a devasting impact on the physi￿1, fin8nal 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 app1￿cable 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 prePa￿d 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 finan￿al 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 apprOp￿ale to adopt the going con￿rn 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 le￿iveS 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 othwV￿se 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 d￿atiOnS where the Ir￿eY is given grEater freejjcffi of use. Inwne is deferred when the monies r￿l¥Able are speoficalty de￿gnated for a fLrture time period. 1.5 R¢soure•s expended Expenditure is Teo)Jnised once thern is a legal or conslructs've Ob1￿a￿.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 C￿l￿"bUte to MO￿ than one actiwty and support costs which are not atlributsb18 to a single activity are appor￿Oned behveen those a¢￿￿tieS on a basis consistent wth the use of resources. Central staff costs are alk)¢ated on the ba￿S of time spent, and depreaation charge5 are 311(Kat8d on the ￿?￿On of Ihe asseys use. l &xr￿di1Ure 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 exl￿￿rtUre have been allocated beN¥een expenditure on charitsble activrti.es and 8xp8nditure on raising fijnds based on an estirnate of staff time S￿nI 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 I￿r residual values over their useful lives on the following bases.. Leasehokl improvem8nts FiXtu￿s, 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 dete￿ined 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 St￿k is ststwj at the kr4ver of o)St and net Tealisable value. Nel realisa￿e 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 th￿e M￿thS ¢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 provisic￿S 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 recr￿jnised in the charitys balanfx sheet when the d￿rity 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 re￿pts diso)unted at a market rate of interest Finanual assèts dassified as receivable within on8 year arè nol amorbs8d. Basle flnanclal Ilabllltl•s Basic finan￿al 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 dIsc￿￿t8d 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 oF*ratsons 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 n￿￿Urrerrt 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 Im￿ldaY 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 emplOy￿t 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 S￿181 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 Depr￿jatiOn Premise5 cos15 General Offi￿ costs Travel Sundry costs Training and TecTUitment Advertising Bank and into￿t 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￿{2￿23- £2,221). 11 Trustee¥ None of the irustees lor any per￿5 conne¢t¢d 7fvrith thwnl r￿1¥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 R￿trIct•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 dor￿13 as to how they may be used. Movement In fund• Balance at 1 In¢omlng Resources Awll 2023 ￿$0￿1￿5 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 st￿ardship- 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& TIl￿t c￿p6 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 cOrona￿r￿S 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 sp￿1[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 de￿￿￿￿ts"￿ 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 s￿thaMp1￿'. c￿0p 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 C￿e 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 CoTCffja￿￿S 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 PKjrtal￿e 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 $uppty equipment to ￿jE￿￿t indeperKlent fvng skills. Ccrop 5 - Funds raised by c￿0p members io support Covid-19 partdemic befriending and mea15 prciect for people with sight loss. Arnold Clark Community Fund - Fun(ts re￿iVed for the running of a lechncdogy café for people living wth sight loss. Transfers are made bèts¥een restrictsd and unrestricted fvnd5 7fvthon funds are no k)ngèr r8quir8d to be held for specffic purposes or wthere insufficient fvnds 8re held to meet speufic purpose5. 21 SOUTHAMPTON SOCIETY FOR THE BLIND (KNOWN AS SOUTHAMPTON SIGHT) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Designat￿ funds The unrestn"¢ted frjnds of th• charity comprise the unexFended balances of donaticffls and grants whith are not subject to specffic cl)nd￿.0ns by donor5 and grantor5 a5 to hrw4 they may be used. These indude designale(I funds whith have been set a&de out of unrestn'ctsl fuThJs by the tnjstees for speufic purposes. lovenwnt funds B•l•nce at 1 Incoming Re$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 I￿ik￿l￿j imwovements. Appr8ntsceship FurKt - Funds set a&dè for the C(￿& S8rw and Volunt88r and App￿n￿"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 Anal￿15 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 cU￿￿t 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