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2024-03-31-accounts
|
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) |