2025-03-31-accounts - Northamptonshire Association For The Blind And Visually Impaired

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		`Page`
`Report of the Trustees`	`1`	`to`	`8`
`Report of the Independent Auditors`	`9`	`to`	`12`
`Statement of Financial Activities`		`13`
`Balance Sheet`		`14`
`Cash Flow Statement`		`15`
`Notes to the Cash Flow Statement`		`16`
`Notes to the Financial Statements`	`17`	`to`	`32`
`Detailed Statement of Financial Activities`	`33`	`to`	`35`

				`2025`	`2024`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`funds`	`funds`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`2`	`128,900`	`4,383`	`133,283`	`41,922`
`Charitable activities`	`4`
`Community Team`		`36,346`	`110,694`	`147,040`	`227,860`
`Northampton Sight Centre`		`1,778`		`1,778`	`8,014`
`Flats and bungalows`		`31,374`		`31,374`	`31,231`
`Branches`		`1,294`		`1,294`	`359`
`Investment income`	`3`	`82,711`		`82,711`	`98,374`
`Other income`	`5`				`98,104`
`Total`		`282,403`	`115,077`	`397,480`	`505,864`
`EXPENDITURE ON`
`Raising funds`	`6`	`116,751`	`11,069`	`127,820`	`112,915`
`Charitable activities`	`7`
`Community Team`		`362,817`	`207,875`	`570,692`	`463,809`
`Northampton Sight Centre`		`17,775`		`17,775`	`28,386`
`Flats and bungalows`		`41,613`		`41,613`	`31,442`
`Talking News`		`10,224`		`10,224`	`13,166`
`Branches`		`2,855`		`2,855`	`1,982`
`Administration`		`169,796`	`7,453`	`177,249`	`198,223`
`Marketing and promotion`		`13,989`		`13,989`	`18,049`
`Total`		`735,820`	`226,397`	`962,217`	`867,972`
`Net gains on investments`		`38,015`		`38,015`	`52,513`
`NET INCOME/(EXPENDITURE)`		`(415,402)`	`(111,320)`	`(526,722)`	`(309,595)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`3,489,858`	`277,296`	`3,767,154`	`4,076,749`
`TOTAL FUNDS CARRIED FORWARD`		`3,074,456`	`165,976`	`3,240,432`	`3,767,154`

				`2025`	`2024`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`funds`	`funds`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`FIXED ASSETS`
`Tangible assets`	`13`	`1,103,864`	`124,315`	`1,228,179`	`1,268,931`
`Investments`	`14`	`1,713,237`		`1,713,237`	`2,243,338`
		`2,817,101`	`124,315`	`2,941,416`	`3,512,269`
`CURRENT ASSETS`
`Debtors`	`15`	`151,617`		`151,617`	`69,816`
`Cash at bank and in hand`		`179,637`	`41,662`	`221,299`	`258,597`
		`331,254`	`41,662`	`372,916`	`328,413`
`CREDITORS`
`Amounts falling due within one year`	`16`	`(73,899)`	`(1)`	`(73,900)`	`(73,528)`
`NET CURRENT ASSETS`		`257,355`	`41,661`	`299,016`	`254,885`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`		`3,074,456`	`165,976`	`3,240,432`	`3,767,154`
`NET ASSETS`		`3,074,456`	`165,976`	`3,240,432`	`3,767,154`
`FUNDS`	`18`
`Unrestricted funds`				`3,074,456`	`3,489,858`
`Restricted funds`				`165,976`	`277,296`
`TOTAL FUNDS`				`3,240,432`	`3,767,154`

		`2025`	`2024`
	`Notes`	`£`	`£`
`Cash flows from operating activities`
`Cash generated from operations`	`1`	`(667,356)`	`(511,624)`
`Interest paid`		`(3,228)`	`(2,339)`
`Net cash used in operating activities`		`(670,584)`	`(513,963)`
`Cash flows from investing activities`
`Purchase of tangible fixed assets`		`(6,397)`	`(1,127,513)`
`Purchase of fixed asset investments`		`(289,983)`	`(847,645)`
`Sale of tangible fixed assets`			`352,481`
`Sale of fixed asset investments`		`846,955`	`2,023,567`
`Dividends received`		`82,711`	`98,374`
`Net cash provided by investing activities`		`633,286`	`499,264`
`Change in cash and cash equivalents`
`in the reporting period`		`(37,298)`	`(14,699)`
`Cash and cash equivalents at the`
`beginning of the reporting period`		`258,597`	`273,296`
`Cash and cash equivalents at the end`
`of the reporting period`		`221,299`	`258,597`

`ACTIVITIES`
	`2025`	`2024`
	`£`	`£`
`Net expenditure for the reporting period (as per the Statement`
`of Financial Activities)` `Adjustments for:`	`(526,722)`	`(309,595)`
`Depreciation charges` `Gain on investments` `Profit on disposal of fixed assets` `Interest paid` `Dividends received` `Increase in debtors` `Increase in creditors`	`47,149` `(26,871)` `3,228` `(82,711)` `(81,801)` `372`	`40,940` `(56,902)` `(98,104)` `2,339` `(98,374)` `(10,954)` `19,026`
`Net cash used in operations`	`(667,356)`	`(511,624)`

	`At 1/4/24`	`Cash flow`	`At 31/3/25`
	`£`	`£`	`£`
`Net cash`
`Cash at bank and in hand`	`258,597`	`(37,298)`	`221,299`
	`258,597`	`(37,298)`	`221,299`
`Total`	`258,597`	`(37,298)`	`221,299`

`Freehold property`	`2% on cost`
`Plant and machinery`	`10% - 20% on cost`
`Motor vehicles`	`20% on cost`
`Computerequipment`	`20%oncost`

`DONATIONS AND LEGACIES`
	`2025`	`2024`
`Donations` `Legacies`	`£` `29,359` `103,924`	`£` `23,623` `18,299`
	`133,283`	`41,922`

`INVESTMENT INCOME`
	`2025`	`2024`
`Dividends and interest received`	`£` `82,711`	`£` `98,374`
`INCOME FROM CHARITABLE ACTIVITIES`
`Activity` `Community Team` `Community Team` `Community Team` `Northampton Sight Centre` `Flats and bungalows` `Branches` `Aids and equipment sales` `Classes and other income` `Grants` `Aids and equipment sales` `Flats and bungalow rent` `Branches income`	`2025` `£` `16,709` `2,637` `127,694` `1,778` `31,374` `1,294`	`2024` `£` `19,543` `4,226` `204,091` `8,014` `31,231` `359`
	`181,486`	`267,464`

`Grants received, included in the above, are as follows:`
	`2025`	`2024`
`The National Lottery Community Fund - RC Midlands region` `West Northamptonshire Council` `Childrens Trust` `Constance Travis Charitable Trust` `Access to Work funding` `Other grants under £500` `Northamptonshire LOC` `CAF` `Spectacle Makers` `Ashton Conker Club` `West Northants Council and North Northants Council`	`£` `14,175` `15,000` `19,494` `19,575` `1,000` `3,000` `1,000` `54,450`	`£` `100,000` `49,500` `24,300` `15,000` `6,000` `9,291`
	`127,694`	`204,091`

`5.`	`OTHER INCOME`
			`2025`	`2024`
			`£`	`£`
	`Gain on sale of tangible fixed assets`			`98,104`
`6.`	`RAISING FUNDS`
	`Raising donations and legacies`		`2025`	`2024`
			`£`	`£`
	`Staff costs`		`74,323`	`45,964`
	`Fund raising costs`		`35,819`	`43,835`
			`110,142`	`89,799`
	`Investment management costs`
			`2025`	`2024`
			`£`	`£`
	`Portfolio management`		`17,678`	`23,116`
	`Aggregate amounts`		`127,820`	`112,915`
`7.`	`CHARITABLE ACTIVITIES COSTS`
			`Support`
		`Direct`	`costs (see`
		`Costs`	`note 8)`	`T otals`
		`£`	`£`	`£`
	`Community Team`	`488,575`	`82,117`	`570,692`
	`Northampton Sight Centre`	`1,242`	`16,533`	`17,775`
	`Flats and bungalows`	`15,836`	`25,777`	`41,613`
	`Talking News`	`50`	`10,174`	`10,224`
	`Branches`	`2,855`		`2,855`
	`Administration`	`13,351`	`163,898`	`177,249`
	`Marketing and promotion`		`13,989`	`13,989`
		`521,909`	`312,488`	`834,397`

`SUPPORT COSTS`
			`Governance`
	`Management`	`Finance`	`costs`	`Totals`
`Community Team` `Northampton Sight Centre` `Flats and bungalows` `Talking News` `Administration` `Marketing and promotion`	`£` `81,592` `16,533` `15,887` `10,174` `84,706` `13,989`	`£` `525` `2,703`	`£` `9,890` `76,489`	`£` `82,117` `16,533` `25,777` `10,174` `163,898` `13,989`
	`222,881`	`3,228`	`86,379`	`312,488`
`AUDITORS' REMUNERATION`
			`2025`	`2024`
`Fees payable to the charity's auditors for` `financial statements`	`the audit of the charity’s`		`£` `8,940`	`£` `6,900`

		`2025`	`2024`
`Trustees'`	`expenses`	`£` `652`	`£`

	`During the year £564 was reimbursed to one tru`	`stee for travel expenses (2024 £nil).`
`11.`	`STAFF COSTS`
		`2025`	`2024`
	`Wages and salaries` `Social security costs` `Other pension costs`	`£` `549,142` `43,530` `16,474`	`£` `470,275` `33,248` `12,606` `1`
		`609,146`	`516,129`

	`2025`	`2024`
`Northampton Sight Centre`	`1`	`1`
`Community Team`	`14`	`13`
`Fund raising and Marketing`	`3`	`3`
`Finance, management and administration`	`4`	`4`
	`22`	`21`

	`Unrestricted`	`Restricted`	`Total`
	`funds`	`funds`	`funds`
	`£`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`37,591`	`4,331`	`41,922`
`Charitable activities`
`Community Team`	`41,339`	`186,521`	`227,860`
`Northampton Sight Centre`	`8,014`		`8,014`
`Flats and bungalows`	`31,231`		`31,231`
`Branches`	`359`		`359`
`Investment income`	`98,374`		`98,374`
`Other income`	`98,104`		`98,104`
`Total`	`315,012`	`190,852`	`505,864`
`EXPENDITURE ON`
`Raising funds`	`91,620`	`21,295`	`112,915`
`Charitable activities`
`Community Team`	`338,991`	`124,818`	`463,809`
`Northampton Sight Centre`	`28,386`		`28,386`
`Flats and bungalows`	`31,442`		`31,442`
`Talking News`	`13,166`		`13,166`
`Branches`	`1,982`		`1,982`
`Administration`	`194,214`	`4,009`	`198,223`
`Marketing and promotion`	`18,049`		`18,049`
`Total`	`717,850`	`150,122`	`867,972`
`Net gains on investments`	`52,513`		`52,513`

`12.`	`COMPARATIVES FOR THE STATEMENT`	`COMPARATIVES FOR THE STATEMENT`	`OF FINANCIAL`	`ACTIVITIES`	`continued`
				`Unrestricted`	`Restricted`	`Total`
				`funds`	`funds`	`funds`
				`£`	`£`	`£`
	`NET INCOME/(EXPENDITURE)` `Transfers between funds`			`(350,325)` `(1,441)`	`40,730` `1,441`	`(309,595)`
	`Net movement in funds`			`(351,766)`	`42,171`	`(309,595)`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`			`3.841,624`	`235,125`	`4,076,749`
	`TOTAL FUNDS CARRIED FORWARD`			`3,489,858`	`277,296`	`3,767,154`
`13.`	`TANGIBLE FIXED ASSETS`
	`COST`	`Freehold` `property` `£`	`Plant and` `machinery` `£`	`Motor` `vehicles` `£`	`Computer` `equipment` `£`	`Totals` `£`
	`At` `1 April 2024` `Additions`	`1,352,078` `2,721`	`85,574` `3,676`	`81,322`	`22,030`	`1,541,004` `6,397`
	`At 31 March 2025`	`1,354,799`	`89,250`	`81,322`	`22,030`	`1,547,401`
	`DEPRECIATION`
	`At 1 April 2024` `Charge for year`	`141,683` `31,991`	`27,038` `15,158`	`81,322`	`22,030`	`272,073` `47,149`
	`At 31 March 2025`	`173,674`	`42,196`	`81,322`	`22,030`	`319,222`
	`NET BOOK VALUE`
	`At 31 March 2025`	`1,181,125`	`47,054`			`1,228,179`
	`At 31 March 2024`	`1,210,395`	`58,536`			`1,268,931`

`FIXEDASSETINVESTMENTS`
	`Listed`
	`investments`
	`£`
`MARKET VALUE` `At` `1 April 2024` `Additions` `Disposals` `Revaluations`	`2,243,338` `289,983` `(846,955)` `26,871`
`At 31 March 2025`	`1,713,237`
`NET BOOK VALUE` `At 31 March 2025`	`1,713,237`
`At 31 March 2024`	`2,243,338`

`Individual stock listings that related to more than 5% of the total`	`holding include the fol`	`lowing:`
`Investment`	`Value £`	`% Holding`
`Royal London Bond` `Rathbone Ethical Bond Fund` `Fidelity Investment Funds` `Fidelity Units Icav US infrastructure Development` `JP Morgan Fund Icav JPM US equity income` `Man Fund Management UK Limited` `Guinness Asset Management Funds PLC`	`96,702` `97,825` `106,069` `93,084` `103,464` `94,444` `103,867`	`5.64` `5.71` `6.19` `5.43` `6.04` `5.51` `6,06`
`Cost or valuation at 31 March 2025 is represented by:`

			`Listed`
			`investments`
			`£`
`Valuation` `Cost`	`in`	`2025`	`181,767` `1,531,470`
			`1,713,237`

`15.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
		`2025`	`2024`
	`Trade debtors` `Other debtors` `Prepayments and accrued income`	`£` `7,488` `281` `143,848`	`£` `16,898` `3,625` `49,293`
		`151,617`	`69,816`
`16.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
		`2025`	`2024`
	`Trade creditors` `Social security and other taxes` `Other creditors` `Accruals and deferred income`	`£` `43,553` `11,336` `3,540` `15,471`	`£` `34,170` `2,994` `36,364`
		`73,900`	`73,528`

`Movement in deferred income`
	`2025`	`2024`
	`£`	`£`
`Deferred income brought forwards` `Deferred income recognised as income in the year` `Additional deferred income in the year`	`20,919` `(19,575)` `:`	`13,981` `(13,981)` `20,919`
`Deferred income carried froward`	`1,344`	`20,919`

	`2025`	`2024`
`Within one year` `Between one and five years`	`£` `1,169`	`£` `1,511` `1,169`
	`1,169`	`2,680`

`MOVEMENT IN FUNDS`
		`Net`
		`movement`	`At`
	`At 1/4/24`	`in funds`	`31/3/25`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`1,381,337`	`(380,082)`	`1,001,255`
`Winding up contingency` `NAB Sight Centre`	`152,500` `1,956,021`	`(35,320)`	`152,500` `1,920,701`
	`3,489,858`	`(415,402)`	`3,074,456`
`Restricted funds`
`NSC Bradbury donation` `Princess Anne Flats`	`80,000` `41,808`	`(2,000)` `(1,900)`	`78,000` `39,908`
`Grant funding` `Big Lottery grant` `Konstantin Hesse Legacy` `Children's Trust Fund`	`1,019` `1,269` `35,596` `4,281`	`(285)` `(741)` `(4,281)`	`734` `528` `35,596`
`Social Eyes Fund` `Access to Work Fund`	`2,737` `4,793`	`(2,600)` `(1.165)`	`137` `3,628`
`ECLO`	`100,975`	`(96,753)`	`4,222`
`LEHN - Northamptonshire LOC launch`
`fund`	`4,468`	`(4,468)`
`Oundle social club`	`350`	`350`	`700`
`LEHN - Northamptonshire LOC` `Enabler for Children`		`294` `2,229`	`294` `2,229`
	`277.296` `1`	`(111,320)`	`165,976`
`TOTAL FUNDS`	`3,767,154`	`(526,722)`	`3,240,432`

	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund` `NAB Sight Centre`	`282,403`	`(700,500)` `(35,320)`	`38,015`	`(380,082)` `(35,320)`
`Restricted funds`	`282,403`	`(735,820)`	`38,015`	`(415,402)`
`NSC Bradbury donation` `Princess Anne Flats` `Grant funding` `Big Lottery grant` `Children's Trust Fund` `Social Eyes Fund` `Access to Work Fund` `ECLO` `LEHN - Northamptonshire LOC launch`	`54,450` `14,220` `1,759` `19,494` `3,000`	`(2,000)` `(1,900)` `(54,735)` `(741)` `(18,501)` `(4,359)` `(20,659)` `(99,753)`		`(2,000)` `(1,900)` `(285)` `(741)` `(4,281)` `(2,600)` `(1,165)` `(96,753)`
`fund` `Oundle social club`	`350`	`(4,468)`		`(4,468)` `350`
`LEHN - Northamptonshire LOC` `Enabler for Children`	`19,575` `2,229`	`(19,281)`		`294` `2,229`
	`115,077`	`(226,397)`		`(111,320)`
`TOTAL FUNDS`	`397,480`	`(962,217)`	`38,015`	`(526,722)`

		`Net`	`Transfers`
		`movement`	`between`	`At`
	`At 1/4/23`	`in funds`	`funds`	`31/3/24`
`Unrestricted funds`	`£`	`£`	`£`	`£`
`General fund` `Winding up contingency` `NAB Sight Centre`	`1,689,124` `152,500` `2,000,000`	`(306,346)` `(43,979)`	`(1.441)`	`1,381,337` `152,500` `1,956,021`
`Restricted funds`	`3,841,624`	`(350,325)`	`(1.441)`	`3,489,858`
`NSC Bradbury donation` `Princess Anne Flats` `Grant funding` `Big Lottery grant` `Konstantin Hesse Legacy` `People of Colour` `Children's Trust Fund` `Social Eyes Fund` `Access to Work Fund` `ECLO` `LEHN - Northamptonshire LOC launch`	`82,000` `43,708` `1,303` `2,010` `35,596` `7,771` `78` `1,255` `1,831` `59,573`	`(2,000)` `(1,900)` `(1,725)` `(741)` `(7,771)` `4,203` `1,482` `2,962` `41,402`	`1,441`	`80,000` `41,808` `1,019` `1,269` `35,596` `4,281` `2,737` `4,793` `100,975`
`fund` `Oundle social club`		`4,468` `350`		`4,468` `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`	`in funds`
`Unrestricted funds`	`£`	`£`	`£`	`£`
`General fund` `NAB Sight Centre`	`324,095` `(9,083)`	`(682,954)` `(34,896)`	`52,513`	`(306,346)` `(43,979)`
`Restricted funds`	`315,012`	`(717,850)`	`52,513`	`(350,325)`
`NSC Bradbury donation` `Princess Anne Flats` `Grant funding` `Big Lottery grant` `People of Colour` `Children's Trust Fund` `Social Eyes Fund` `Access to Work Fund` `ECLO` `LEHN - Northamptonshire LOC launch`	`49,500` `24,350` `3,331` `6,000` `99,999`	`(2,000)` `(1,900)` `(51,225)` `(741)` `(7,771)` `(20,147)` `(1,849)` `(3,038)` `(58,597)`		`(2,000)` `(1,900)` `(1.725)` `(741)` `(7,771)` `4,203` `1,482` `2,962` `41,402`
`fund` `Oundle social club`	`7,322` `350`	`(2,854)`		`4,468` `350`
	`190,852`	`(150,122)`		`40,730`
`TOTAL FUNDS`	`505,864`	`(867,972)`	`52,513`	`(309,595)`