HALIFAX SOCIETY FOR THE BLIND CIO CHARITY NO. 1197353 REPORT OF THE TRUSTEE5 AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 HALIFAX SOCIETY FOR THE BUND CIO Contents Page Charity infomiation Report of the Trustees Independent examlnerfs report Statement of financial artivities Balance sheet Notes to the accounts 9-11 HALIFAX SOCIETY FOR THE BUND CHARITABLE INCORPORATED ORGANISATION Management Commlttee Chair Sue Mort Management Cornmittee Wice-chair Mark Owen (Resigned Ottober 20231 Treasurer Peter Benson Trustees/Committee Colin Hutchinson Mark Owen Peter Benson Sue Mort Duncan Mttchell (Resigned August 20231 Suzanne Mitchell Sidra Kauser Hilary Newton Tegan Darby {Appointed August 20231 Chlef Officer Kenneth Sander50n (Resigned September 2023} Faye Herbert (Appointed September 2023) Reglstered Charlty Number 1197353 Address 7 Southgate Halifax HXI IDL Independent Examiners B.M. Howarth Ltd., West House, King Cross Road, Halifax HXI IEB. HALIFAX SOCIEfY FOR THE BLIND CIO REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report wrfch the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the Uk and Republic of Ireland IFRS 102} leffettive l January 20191. Strutture, Governance and Managernent The Halifax Society for the Blind is a Charitable Incorporated Organisation registered by the Charity Commission on 5 January 2022. It commenced operations on l April 2022 taking over from the former charity. It ha5 a Trustee Board which is ultimately accountable for the conduct of the organisation. Trustees are unpaid volunteer5. who are selected by reference to the skills and experience, which they possess, which could be useful to the operations of the Society. The CIO is organised as a membership, and the initial members are those recorded as members of the former charity when the CIO began to operate. Membership of the CIO is open to any individual who states they are willing to support the objects of the charity, indicates their a8reement to ac￿pt the duties of a member as laid out in the constitution of the CIQ and resides in the benefit area. Objectives and Activities Our mission is to "Provide practical and emotional SUp￿)rt to those affectrd by sight loss" in the Calderdale Metropolitan Borough and surn)unding areas. We aim to: Promote ind¢p¢ndence, throuJo offering advice and guidance alK>Ut the equipmenl and services available to support individual needs. Increase confid¢n¢e by suptK)rting people along their sight loss journey, whether this is through learllu￿ new skills or providing a listening ear. Reduce isolation by providing members with the opp)rtunity lo socialise with peers through our groups and activities or our Friends on the Phone servi¢e. FAlucate and supw)rt external organisations by increasing awareness of sight loss in the ￿qder community. Advocdte for memb¢rs. HAUFAX soaETY FOR ThE BLIND CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Public Benefit The Trustee5 have regard for the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the future activlties of the charity. Organlsational strnrture The Trustees are responsible forthe overall governance of the charity and hold meeting5 on a quarterly basis. At the first annual general meeting of the members of the CIO all the charity trustees shall retire from office. At every subsequent annual general meeting of the members of the CIO, one-third of the eletted charity trustees shall retire from office by rotation. Risk management The trustees have a dutyto identify and review the risks to which the charty is exposed and to ensure appropriate contro15 are in place to provide reasonable assurance against fraud and error. Achievement and Performance The charity has 399 Registered Members and operates social support groups and a Sight Centre service. The charity reviews its services regLJlarly based on evidence- including input from people who use it5 services. Financial Review The income for the year was £108,33812023 £163,024) including legacies of £Nil. The expenditure for the year was £128,675 12023 £201,873) leaving a deficit of £20.337. Reserves The reserves policy enables the management of general reserves to ensure an appropriate level of accessible funds is held to provide against identified financial risks. and to provide cover for unexpected changes in income and expenditure. General reserves are matched by highly liquid invesiments so that these can be drawn upon quickly if necessary. The Charity aims to hold Restricted Funds of £382,000 in reserves for approximately 12 months average expenditure. This 15 to allow for normal operating costs. including staffing costs, redundancy and unexpected r￿81ntenan￿ costs. HALIFAX soaEfY FOR THE BLIND CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Investment Pollcy l iie IV141naBemeni iommiiiee nas aoopteo a Dalanced Inveqtment policy tn give income and long-term growth. Social, environmental, and ethical considerations are considered when settling the investment policy. The Brokers Brewin Dolphin have been engaged to actively manage the Investment Portfolio on behalf of the Trustee5. Dividends and Interest Received were £28,972 {2023 £41,397). The Market Values of the Investments were- General Fund £1,276,724 Plans for the Future It is imperative that the longer-tenn vision for HSB reflects the Deeds and &spirations of its members, employees and volunteers. Our future plans include raising awareness of our acccssible tovm Centre localion: highlighting the Mqde range of daily living aids and equipment available in the Sigbt Centre as well as the man) opportunities on offer to engage w'ith peers and build social nehl'orks. In 3-5 years,, time HSB wants to: . . Be a well organised, elticient organisation with a knowledgeable. professional team providing high quality services to a stroug, expanding mernbeTship. . Continue lo honour the Queens Award by pmvidiDg a fulfilling volunteering scheme to volunteers from all backgrounds Raise awar¢ness of our service5 and &s a result. awomiess of sight loss. Have gTeater engagement with wlder cornmunities. including offering services to young people. HAUFAX soaEfY FOR THE BLIND CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees Responsibilitles The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (including FRS 1021 The law applicable to charities in England and Wales, the Charities Act 2011, Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the chartty and of the incoming resources and application of resources. including the income and expenditure of the charity for that period. In preparing those f inanci31 statements the Trustees are required to; Select suitable accounting policies and apply them con51Stently. Observe the methods and principles in the Charity SORP= Make judgements and estimates that are reasonable and prudent: Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) regulations 2008 and the provlsions of the trust deed. They are also responsible for safeguardlng the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This Report was approved by the Trustee5 on 4 September 2024 and signed on their behalf.. P. BENSON Treasurer INDEpENDEp￿ EXAMINER'S REPORT TO THE TRUSTEES OF HAUFAX SOCIETY FOR THE BLIND CIO I report to the chzrity on my examination of the Accounts and Notes of the charity for the year ended 31 March 2024. Respectlve Responslbllltles of Trustees and Exarnlner MS Liie Llldlliy 5 1 IU51ep.5, yoil are responsitsie tor the preparation ol the Accounts, in arcordance with the requirements of the Charities Art 20111.the ACVI, you consider that the audit requirement of Section 144 121 of the Act doe5 not apply and that an Independent Examination is required. It is my responsibility to examine the Accounts under section 145 of the Act and to state, on the basis of procedures specrfied in the General Directions given by the Charity Commission under Sertion 14515) Ibl of the Act, whether particular matters have come to my attention. Basls of Independent Examinerfs Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from the charity, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and the report 15 limited to those matters set out in the Statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention which give cause to believe that in any material respect. accounting records were not kept in respect of the charty as required by section 130 of the Act; or the accounts do not accord with those records- or the accounts do not comply with the applicable requirernents concerning the form and content of account5 set out in the Charities IAccounts and Reports} Regulations 2CY38 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. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. J D Turner FCA B. M. Howarth Ltd West House, King Cross Road HALIFAX. 4 September 2024 Hallfax Socle for the Bllnd CIO ststement of Financial Attivitiesforth Y r Ended 31 M3r(h 2024 Unrestrlcle( Re51ri(ted Fund Funds Notes Total 2023 In¢omln Resour Ordina Incom Annijal Siih%rriTrtTnnE % nnnarinn Receipt5 fron Visitors & 5 1,141 22,660 2,014 9,987 8,869 30,985 107.376 3,060 10.845 1.325 21.587 8.065 8.038 14,022 1980691 4,363 15,672 128.275 li 10,845 1.325 21.587 8.065 8.038 14.022 1980691 4.363 15,672 128,275 3,223 16,294 200.449 Allowances to 81ind and 5er4tl¢e5 fortheir Benefft Grants and Social ServKes 1.424 Total Re50urce5 ended 128.675 128,675 201,873 Net Income forthe Year endI￿re 1203371 1203371 1388491 Surplus (Deficit) on Sale and Revaluation of Investments 82649 82649 11256481 Transfer of Funds 1382(AXI) 382.(O) 2,062.979 et M4)vement DfFunds -319.688 382.000 62.312 1.898,482 Funds Balances Bro Forward 1.888.121 10.361 1.89S.482 Funds Balan￿$ CarrSed Forward 1,568.433 392,361 1.960,794 1,898.482 Hallfax Soci for the Bllnd ao Balance Sheet at 31 March 2024 Notes 2024 2023 FIXED ASSErs Tangible Assets Invesimenis ai MarKet value 617.553 1.276.724 1.894,277 619,535 1,157.72j 1,777,262 CURRENT ASSETS Prepayments Stock at Resource Centre Cash at Barclays Bank Brewin Dolphln Cash in Hand 6,270 13.577 34,255 16.024 256 70,382 7.119 10,S34 96,600 16,535 463 131,351 LESS CURRENT UABILITIE5 Sundry Creditors & Accruals 3,865 10.131 66.517 121.220 NEf ASSETS 1,960,794 1.898,482 Funds of the Chari Unrestrirted 1.568.433 1,888,121 Restricted.. Children's Fund General 10,361 382,(KJO 10,361 1,960,794 1,898,482 The accounts were approved by the Trustees on 4 September 2024 and signed on their behalf. P BENSON Treasurer forthe Bllnd QO Notes to the Financlal Ststemen for the Yoar to 31 March 2024 1. Accounting Policles al Basis of P￿paratIOn of •ccounts The flnancial statements of Ehe charity, which is a publi¢ beneffit entttyundei FRS 102. have been prepa￿d In zccordance with the Charities 50RP IFRS 1021'Acwunting and Reporting bycharities.. Statetnent of Recommended Prattice ipplicable to Charities preparingtheir accounts in accordance with the Finantial ReportinB Standard applkable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191,, Financial Reportin8 Standard 102 The Financièl Reporting Standard applicable in the Uk and Republii of Ireland, and the Charitie5 Act 2011. The fiftancial 5tstements have been pre￿red unr3Èr the htstortcal cost ¢onventv)n with the exception of investments whKh are included at m3rket valve. bl Income All incorne is recognised In the Staternent of Financial Actwities once the charity has entitlernent to thefvnd5. It ￿ probable that the Incotne will be received and the amount can ￿ ￿PaSUred Teliablv. The Trustees have Opied not to use the standard breakdown of Incomeas pres¢ribed by theSORP and have opted to use akernative headlngs underthe concession for smalleTcharities. cl Expendlture Liabilities zre Mognised is expenditure as soon a5 there is a legal orton5bJctNe obli¥ation cornmlttlng the charityto that expenditUTe, fc Is prDbable thit a transfer of ecorjomic benefrtswill be reouired in setdernent and thè amount of the obli88tltrn can be mea5UTed reliably. Expenditure is accounted foron an accru31 basis and has been (la55ff￿d under he3dings that aggregate all costs related to the tategory. Where costs canr￿t bE directty attributed to particular headings they have been allocated to activiJes on a ba515 consistent wtih the resources. The Trustees have opted notto Use the stsndard bre3kdown of expendttureas prescribed bythe SORP and have opted to use 8￿rnatIVe headings under the ¢once55ion forsmallercharities. dl Tanglbl• Ilxtrd assets and dèpreclalSon Tangible f￿£d assets ale stHted at net bookvalue brought forward le55¢Jepreciation. Depreclation rates are calculated Depreclation rates are Ca￿ulated to spread the cott of each asset. le55 ts e￿iMated residual value, over its expected useful lrfe as follows.. Freehold Prcperty Office Equiptnent 2.5% straight line 15% red￿tIng baknThce e) Legacies and DorMtions Leg4cies and don8tlons received by the Bllnd Soc￿ty are accounted foron a tash basis and brought into the accounts in the ye8r In which they are recÈlved. Detsils of the leg8cies are listed at Note 7 to the accounts. fj stocks Stocks a￿ valued at the bwer of cost and net realisable value. g} IrNestments InYe5tments are5hown at marketvalue. Hallfax Socl for the Blind CIO Notes to the Flnancial Statement forthe Year to March 2024 2.Tanglble Fixed Asset5 Freehold Pro and Fixtures Total Cost 01.04.2023 651.PJO 31.629 683,418 Additions at Cost Sale5 at cost 140.673 -165,601 10,817 151,490 -165,601 626,861 50.522 15,672 -32.164 42,446 13.362 4.363 669,307 63,883 20,035 -32.164 Accutnulated Depreciation 01.04.2023 Depreciation for Year Ellminated re disposa15 592.832 24.721 617,553 3.Investmonts The Investmerbts have been included at Market Value. Analysts of change in Investments during the year '. Market Value at l April 2023 Add acquisitions at cost Le￿ disposa15 at carrytng value Net change on revaluation Market Value at the end of the year 1,157,727 228,083 11917351 82649 1,276,724 Historic Cost at the end of the. year 1,109,733 Investment5 are held primarlly to provide an investment return forthe Charity. 4. De￿or5 20Z4 2023 Prepayments 6,270 7,119 10 Ilfax Soc forthe Blind Notes ro the Flnanclal Statements forthèyear to al March Z024 5. Chlldren's Fund Fiindq hplrj wlthrn thp fhilAron r ¥iiTrd cliildreii and young people. 6. Re5trlcted General Funds The Charlty aims to hold Restrlcted Funds of £382.C￿0 in reseNe5 for approximate 12 month5 avarage expenditure. This is to allow for nornial operating costs. including staffing tosts, redundancy and unexpected malntenantr costs. 7. Grants 2024 858 Lottery Fund Calderdale Community Foundation North Halilax Partnership 31,718 4.946 1.980 38,644 101.679 52,181 49.498 8. Legacles Legacies reTrlved during the year £Nil 9. Statt Cost 2024 2023 Salaries Employers National Insurance Employers PeTr5K)n Contribution5 102.408 114.014 2,693 2,505 2,275 3,612 107.376 120.131 Average number of employees During the year no member of staff was paid more than £60,0(LI. 10. Trustee5 Expenses and Remuneratlon During the year there We￿ payments ol expenses and remuneration to the Trustee, and no transactions with connècted persons. 11. Independenl Examlners Rernuneratlo The amount shown for accouniancy in the Statement of Flnancial Activitles is the amount paid for the independent examinknon of the records. 12. Transfer of Affalrs From l April 2022 the Challty operates as a Charttsble Incorporated Organisation and the asset5. liabilities aad funds of the old Charity were transferred to the new bod¥ on that date. 11