| Page | |
|---|---|
| Reportofthe Trustees | 1to7 |
| Reportofthe IndependentAuditors | 8to11 |
| StatementofFinancialActivities | 12 |
| Balance Sheet | 13 |
| Cash Flow Statement | 14 |
| Notestothe Cash Flow Statement | 15 |
| Notestothe Financial Statements | 16to29 |
| Detailed StatementofFinancial Activities | 30to31 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Un restricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 37,591 | 4,331 | 41,922 | 66,632 | |
| Charitable activities | 4 | |||||
| Community Team | 41,339 | 186,521 | 227,860 | 258,614 | ||
| Northampton Sight Centre | 8,014 | 8,014 | 11,624 | |||
| Flats and bungalows | 31,231 | 31,231 | 36,211 | |||
| Branches | 359 | 359 | 353 | |||
| Investment income | 3 | 98,374 | 98,374 | 108,320 | ||
| Other income | 5 | 98,104 | 98,104 | |||
| Total | 315,012 | 190,852 | 505,864 | 481,754 | ||
| EXPENDITUREON | ||||||
| Raising funds | 6 | 91,620 | 21,295 | 112,915 | 72,656 | |
| Charitableactivities | 7 | |||||
| Community Team | 338,991 | 124,818 | 463,809 | 368,808 | ||
| Northampton Sight Centre | 28,386 | 28,386 | 26,959 | |||
| Flats and bungalows | 31,442 | 31,442 | 38,256 | |||
| TalkingNews | 13,166 | 13,166 | 10,155 | |||
| Branches | 1,982 | 1,982 | 6,496 | |||
| Administration | 194,214 | 4,009 | 198,223 | 132,773 | ||
| Marketing and promotion | 18,049 | 18,049 | 15,427 | |||
| Kettering Sight Centre | 3,956 | |||||
| Total | 717,850 | 150,122 | 867,972 | 675,486 | ||
| Net gains/(losses)on | ||||||
| investments | 52,513 | 52,513 | (284,698) | |||
| NET | ||||||
| INCOME/(EXPENDITURE) | (350,325) | 40,730 | (309,595) | (478,430) | ||
| Transfers between funds | 18 | (1,441) | 1,441 | |||
| Net movementinfunds | (351,766) | 42,171 | (309,595) | (478,430) | ||
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds brought forward | 3,841,624 | 235,125 | 4,076,749 | 4,555,179 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 3,489,858 | 277,296 | 3,767,154 | 4,076,749 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| FIXED ASSETS | ||||||
| Tangible assets | 13 | 1,138,771 | 130,160 | 1,268,931 | 436,735 | |
| Investments | 14 | 2,243,338 | 2,243,338 | 3,362,358 | ||
| 3,382,109 | 130,160 | 3,512,269 | 3,799,093 | |||
| CURRENT ASSETS | ||||||
| Debtors | 15 | 69,816 | 69,816 | 58,862 | ||
| Cash at bank andinhand | 111,461 | 147,136 | 258,597 | 273,296 | ||
| 181,277 | 147,136 | 328,413 | 332,158 | |||
| CREDITORS | ||||||
| Amounts fallingdue within | ||||||
| one year | 16 | (73,528) | (73,528) | (54,502) | ||
| NET CURRENT ASSETS | 107,749 | 147,136 | 254,885 | 277,656 | ||
| TOTAL ASSETS LESS | ||||||
| CURRENT LIABILITIES | 3,489,858 | 277,296 | 3,767,154 | 4,076,749 | ||
| NET ASSETS | 3,489,858 | 277,296 | 3,767,154 | 4,076,749 | ||
| FUNDS | 18 | |||||
| Unrestrictedfunds | 3,489,858 | 3,841,624 | ||||
| Restricted funds | 277,296 | 235,125 | ||||
| TOTAL FUNDS | 3,767,154 | 4,076,749 |
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (511,624) | (290,128) |
| Interest paid | {2,339) | {2,752) | |
| Net cash usedinoperating activities | (513,963) | (292,880) | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (1,127,513) | (10,853) | |
| Purchase of fixed asset investments | (847,645) | (771,989) | |
| Sale of tangible fixed assets | 352,481 | ||
| Sale of fixed asset investments | 2,023,567 | 719,692 | |
| Dividends received | 98,374 | 108,320 | |
| Net cash providedbyinvesting activities | 499,264 | 45,170 | |
| Changeincashandcash equivalents | |||
| inthe reporting period | (14,699) | (247,710) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 273,296 | 521,006 | |
| Cash and cash equivalents at the end | |||
| of the reporting period | 258,597 | 273,296 |
| ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Net expenditure for the reporting period (as per the Statement | ||
| of Financial Activities) | (309,595) | (478,430) |
| Adjustments for: | ||
| Depreciationcharges | 40,940 | 29,788 |
| (Gain)/lossesoninvestments | (56,902) | 284,698 |
| Profitondisposal of fixed assets | (98,104) | |
| Interest paid | 2,339 | 2,752 |
| Dividends received | (98,374) | (108,320) |
| Increase in debtors | (10,954) | (43,991) |
| Increase in creditors | 19,026 | 23,~75 |
| Net cash usedinoperations | {511,624) | {290,128) |
| ANALYSIS OF CHANGESINNET FUNDS | |||
|---|---|---|---|
| At 1/4/23 | Cash flow | At 31/3/24 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank andinhand | 273,296 | {14,699) | 258,597 |
| 273,296 | {14,699) | 258,597 | |
| Total | 273,296 | {14,699) | 258,597 |
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Donations | 23,623 | 32,757 |
| Legacies | 18,299 | 33,875 |
| 41,922 | 66,632 |
| 3. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Dividends and interest received | 98,374 | 108,320 | ||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 2024 | 2023 | |||
| Activity | £ | £ | ||
| Aids and equipment sales | Community Team | 19,543 | 13,080 | |
| Classes and other income | Community Team | 4,226 | 3,263 | |
| Grants | Community Team | 204,091 | 242,271 | |
| Aids and equipment sales | Northampton Sight Centre | 8,014 | 11,624 | |
| Flats and bungalow rent | Flats and bungalows | 31,231 | 36,211 | |
| Branchesincome | Branches | 359 | 353 | |
| 267,464 | 306,802 | |||
| Grants received, includedinthe above, areasfollows: | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| The National Lottery Community Fund - RCMidlands region | 100,000 | 138,000 | ||
| West Northamptonshire Council | 49,500 | 54,380 | ||
| Childrens Trust | 24,300 | 24,300 | ||
| Constance Travis Charitable Trust | 15,000 | 15,000 | ||
| Access to Work funding | 6,000 | 5,091 | ||
| Screwfix | 5,000 | |||
| Other grants under £500 | 9,291 | 500 | ||
| 204,091 | 242,271 |
| 5. | OTHER INCOME | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Gainonsale of tangible fixed assets | 98,104 | |||
| 6. | RAISINGFUNDS | |||
| Raisingdonations and legacies | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Staff costs | 45,964 | 38,407 | ||
| Fundraising costs | 43,835 | 12,639 | ||
| 89,799 | 51,046 | |||
| Investment management costs | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Portfolio management | 23,116 | 21,610 | ||
| Aggregate amounts | 112,915 | 72,656 | ||
| 7. | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| £ | £ | £ | ||
| Community Team | 380,954 | 82,855 | 463,809 | |
| Northampton Sight Centre | 7,056 | 21,330 | 28,386 | |
| Flatsand bungalows | 19,521 | 11,921 | 31,442 | |
| TalkingNews | 24 | 13,142 | 13,166 | |
| Branches | 1,982 | 1,982 | ||
| Administration | 36,989 | 161,234 | 198,223 | |
| Marketingandpromotion | 18,049 | 18,049 | ||
| 446,526 | 308,531 | 755,057 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Community Team | 82,237 | 618 | 82,855 | |
| Northampton Sight Centre | 21,330 | 21,330 | ||
| Flats and bungalows | 10,674 | 1,247 | 11,921 | |
| TalkingNews | 13,142 | 13,142 | ||
| Administration | 85,893 | 1,721 | 73,620 | 161,234 |
| Marketing and promotion | 18,049 | 18,049 | ||
| 231,325 | 2,339 | 74,867 | 308,531 | |
| AUDITORS' REMUNERATION | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the charity's auditors for | the audit of the charity's | |||
| financial statements | 6,900 | 6,588 |
| STAFF COSTS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 470,275 | 367,481 |
| Socialsecurity costs | 33,248 | 25,653 |
| Other pensioncosts | 12,606 | 9,304 |
| 516,129 | 402,438 |
| The average monthlynumber of employees during the year | wasasfollows: | |
|---|---|---|
| 2024 | 2023 | |
| NorthamptonSight Centre | 1 | 1 |
| Community Team | 13 | 1"i |
| Fundraisingand Marketing | 3 | 2 |
| Finance, management and administration | 4 | 4 |
| 21 | 18 |
| 12. | COMPARATIVES FOR THE STATEMENT | OFFINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | fund | funds | ||
| £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 63,422 | 3,210 | 66,632 | ||
| Charitable activities | |||||
| Community Team | 31,843 | 226,771 | 258,614 | ||
| Northampton Sight Centre | 11,624 | 11,624 | |||
| Flats and bungalows | 36,211 | 36,211 | |||
| Branches | 353 | 353 | |||
| Investment income | 108,320 | 108,320 | |||
| Total | 251,773 | 229,981 | 481,754 | ||
| EXPENDITURE ON | |||||
| Raising funds | 68,859 | 3,797 | 72,656 | ||
| Charitable activities | |||||
| Community Team | 219,841 | 148,967 | 368,808 | ||
| Northampton Sight Centre | 24,959 | 2,000 | 26,959 | ||
| Flats and bungalows | 31,360 | 6,896 | 38,256 | ||
| Talking News | 9,750 | 405 | 10,155 | ||
| Branches | 6,496 | 6,496 | |||
| Administration | 104,986 | 27,787 | 132,773 | ||
| Marketingand promotion | 14,403 | 1,024 | 15,427 | ||
| Kettering Sight Centre | 3,956 | 3,956 | |||
| Total | 484,610 | 190,876 | 675,486 | ||
| Net gains/(losses) on investments | (284,698) | (284,698) | |||
| NET INCOME/(EXPENDITURE) | (517,535) | 39,105 | (478,430) | ||
| Transfers between funds | 15,674 | 16,563 | (32,237) | ||
| Net movementinfunds | (501,861) | 55,668 | (32,237) | (478,430) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 4,343,485 | 179,457 | 32,237 | 4,555,179 | |
| TOTAL FUNDS CARRIED FORWARD | 3,841,624 | 235,125 | 4,076,749 |
| Freehold | Plant and | Motor | Computer | ||
|---|---|---|---|---|---|
| property | machinery | vehicles | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At1 April2023 | 669,771 | 33,952 | 81,322 | 22,030 | 807,075 |
| Additions | 1,075,891 | 51,622 | 1,127,513 | ||
| Disposals | {393,584) | (393,584) | |||
| At31March 2024 | 1,352,078 | 85,574 | 81,322 | 22,030 | 1,541,004 |
| DEPRECIATION | |||||
| At 1 April2023 | 249,719 | 17,269 | 81,322 | 22,030 | 370,340 |
| Charge for year | 31,171 | 9,769 | 40,940 | ||
| Eliminatedondisposal | (139,207) | (139,207) | |||
| At31March 2024 | 141,683 | 27,038 | 81,322 | 22,030 | 272,073 |
| NET BOOK VALUE | |||||
| At31March 2024 | 1,210,395 | 58,536 | 1,268,931 | ||
| At31March 2023 | 420,052 | 16,683 | 436,735 | ||
| FIXED ASSET INVESTMENTS | |||||
| Listed | |||||
| investments | |||||
| £ | |||||
| MARKET VALUE | |||||
| At 1 April 2023 | 3,362,358 | ||||
| Additions | 847,645 | ||||
| Disposals | (2,023,567) | ||||
| Revaluations | 56,902 | ||||
| At31March 2024 | 2,243,338 | ||||
| NET BOOK VALUE | |||||
| At31March 2024 | 2,24:;,338 | ||||
| At31March 2023 | 3,362,358 |
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuationin | 2024 | 150,126 |
| Cost | 2,093,212 | |
| 2,243,338 |
| 15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 16,898 | 20,781 | |
| Other debtors | 3,625 | 2,769 | |
| Prepaymentsandaccrued income | 49,293 | 35,312 | |
| 69,816 | 58,862 | ||
| 16. | CREDITORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 34,170 | 23,387 | |
| Other creditors | 2,994 | 2,632 | |
| Accruals and deferred income | 36,364 | 28,483 | |
| 73,528 | 54,502 |
| Movementindeferred income | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deferred income brought forwards | 13,981 | |
| Deferred income recognisedasincomeinthe year | (13,981) | |
| Additional deferred income in the year | 20,919 | 13,981 |
| Deferred income carried froward | 20,919 | 13,981 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Within one year | 1,511 | 1,511 |
| Between one and five years | 1,169 | 2,679 |
| 2,680 | 4,190 |
| MOVEMENTINFUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/23 | in funds | funds | 31/3/24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,689,124 | (306,346) | (1,441 ) | 1,381,337 |
| Windingupcontingency | 152,500 | 152,500 | ||
| NAB Sight Centre | 2,000,000 | {43,979) | 1,956,021 | |
| 3,841,624 | (350,325) | (1,441) | 3,489,858 | |
| Restricted funds | ||||
| NSC Bradbury donation | 82,000 | (2,000) | 80,000 | |
| Princess Anne Flats | 43,708 | (1,900) | 41,808 | |
| Grant funding | 1,303 | (1,725) | 1,441 | 1,019 |
| Big Lottery grant | 2,010 | (741) | 1,269 | |
| Konstantin Hesse Legacy | 35,596 | 35,596 | ||
| People of Colour | 7,771 | (7,771) | ||
| Children's Trust Fund | 78 | 4,203 | 4,281 | |
| Social Eyes Fund | 1,255 | 1,482 | 2,737 | |
| Access to Work Fund | 1,831 | 2,962 | 4,793 | |
| ECLO | 59,573 | 41,402 | 100,975 | |
| LEHN - Northamptonshire LOC launch | ||||
| fund | 4,468 | 4,468 | ||
| Oundle social club | 350 | 350 | ||
| 235,125 | 40,730 | 1,441 | 277,296 | |
| TOTAL FUNDS | 4,076,749 | {309,595) | 3,767,154 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 324,095 | (682,954) | 52,513 | (306,346) |
| NAB Sight Centre | (9,083) | (34,896) | (43,979) | |
| 315,012 | (717,850) | 52,513 | (350,325) | |
| Restricted funds | ||||
| NSC Bradbury donation | (2,000) | (2,000) | ||
| Princess Anne Flats | (1,900) | (1,900) | ||
| Grant funding | 49,500 | (51,225) | (1,725) | |
| Big Lottery grant | (741) | (741) | ||
| People of Colour | (7,771) | (7,771) | ||
| Children's Trust Fund | 24,350 | (20,147) | 4,203 | |
| Social Eyes Fund | 3,331 | (1,849) | 1,482 | |
| Access to Work Fund | 6,000 | (3,038) | 2,962 | |
| ECLO | 99,999 | (58,597) | 41,402 | |
| LEHN - Northamptonshire LOC launch | ||||
| fund | 7,322 | (2,854) | 4,468 | |
| Oundle social club | 350 | 350 | ||
| 190,852 | (150,122) | 40,730 | ||
| TOTAL FUNDS | 505,864 | (867,972) | 52,513 | (309,595) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/4/22 | infunds | funds | 31/3/23 | |
| £ | £ | £ | £ | |
| Unrestrictedfunds | ||||
| General fund | 2,190,985 | (517,535) | 15,674 | 1,689,124 |
| Windingupcontingency | 152,500 | 152,500 | ||
| Sight Centre of Excellence | 2,000,000 | (2,000,000) | ||
| NAB SightCentre | 2,000,000 | 2,000,000 | ||
| 4,343,485 | (517,535) | 15,674 | 3,841,624 | |
| Restricted funds | ||||
| NSC Bradbury donation | 84,000 | (2,000) | 82,000 | |
| Princess Anne Flats | 45,604 | (1,896) | 43,708 | |
| Talking Newspaper | 405 | (405) | ||
| Grant funding | (3,059) | 4,362 | 1,303 | |
| Big Lottery grant | 2,731 | (721) | 2,010 | |
| Konstantin Hesse Legacy | 35,596 | 35,596 | ||
| Northamptonshire Sport | 1,005 | (1,005) | ||
| Peopleof Colour | 9,616 | (1,845) | 7,771 | |
| Calvert Trust Funding | 500 | (9,120) | 8,620 | |
| Screwfix | (3,572) | 3,572 | ||
| Children's TrustFund | 78 | 78 | ||
| Social Eyes Fund | 1,255 | 1,255 | ||
| Accessto Work Fund | 1,822 | 9 | 1,831 | |
| ECLO | 59,573 | 59,573 | ||
| 179,457 | 39,105 | 16,563 | 235,125 | |
| Endowment funds | ||||
| George Philips Legacy | 32,237 | (32,237) | ||
| TOTAL FUNDS | 4,555,179 | {478,430) | 4,076,749 |
| Incoming | Resources | Gainsand | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 251,773 | (484,610) | (284,698) | (517,535) |
| Restricted funds | ||||
| NSC Bradbury donation | (2,000) | (2,000) | ||
| Princess Anne Flats | (1,896) | (1,896) | ||
| Talking Newspaper | (405) | (405) | ||
| Grant funding | 54,380 | (57,439) | (3,059) | |
| BigLottery grant | (721) | (721) | ||
| NorthamptonshireSport | (1,005) | (1,005) | ||
| People of Colour | (1,845) | (1,845) | ||
| Calvert Trust Funding | 210 | (9,330) | (9,120) | |
| Screwfix | 5,000 | (8,572) | (3,572) | |
| Children's Trust Fund | 24,300 | (24,222) | 78 | |
| Social Eyes Fund | 3,000 | (1,745) | 1,255 | |
| Access to Work Fund | 5,091 | (3,269) | 1,822 | |
| ECLO | 138,000 | (78,427) | 59,573 | |
| 229,981 | (190,876) | 39,105 | ||
| TOTAL FUNDS | 481,754 | (675,486) | (284,698) | (478,430) |