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|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|
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||||||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|
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|**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|
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|**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|
##
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|**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|
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|**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**||||||
|**At**1 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|
##
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||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)|
##
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|||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)|
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