<0) VISION S'UPPORT L HARROGATE DISTRICT.'.J Charrty Number 211436 Fln8ncl•l Statements & Annual Report for thè year endèd 31 March 2024 VISION SUPPORT HARROGATE DISTRICT CONTENTS Legal and Administrative details stsiemenl of Tru$l¢es' respon8ibilili98 Reporf of the Trustee¥ Independenl Exarrinèrfs Report Slalemènt of Financial Activities 8alanca Sheel Notes lo the Flrtanclal Stslgmènts 9.14 VISION SUPPORT HARROGATE DISTRICT LEGAL AND ADMINISTRATIVE DETAILS The Charity was established on 4 February 1921 operales under a constitution datèd 19 October 2006 and is approved by His Maje*ty's Revenue and CLJStoms Charity 0ivi5ion The Charity is règistèred with the Charity Commission Iregistralion numbei 211436) as a charily whose primary purposes are to respond appropriately to thè neèds of the visually impaired people in the Harrogate district and, in particular, to proviije and mainlain a oenlre fgr social meelings and handicraft training for visually impaired people, entertainments. Iiavel and holiday facilities and re¢reational, health, safety or occupational requisitos to visually impaired people or their dependanls. Address of Charity- Wision Support Centre Russell Sergeant House 23 East Parade Harrogale HG15LF 01423 565915 enquiries@vshd.org.uk vM¥.vshd.ory.uk Telephone". Email.. Website.. Honorary President.. Paulinè Nolan Goyeming Body and Trustees". (Trust and Finance Commrfteèl Robert Horner, Chaim)an Peter Jensen, Deputy Chairrnan Jarnes Grimshaw, Hon Seuetary Saia Horbury, Hon Treasurer Committee Metnbers: John Mellor Alistair Ratcliffe Stephen Ki Mary Kirk Eric Mtthell Director of Services- Tanya Slimpson Bankern.. Barclays Bank pk 25 James Slreel Harrogate HG11 QX Brown Shipley & Co Ltd Founders Court Lothbury London EC2R 7HE Leeds Building Society 105 Albion Street Leeds LSI 4AS CAF Bartk Llmiled 25 King5 H￿1 Avenue Kings Hill We$1 Malling ME19 4JQ VISION SUPPORT HARROGATE DISTRICT LEGAL AND ADMINISTRATIVE DETAILS Icont'dl Bankers Iconl'dl '. HS8C 34 Weslgat¢ Ripon HG4 28L Investment Managers.. Brown Shipley & Co Ltd St Paul's House 23 Park Square Leed8 LS12ND lThJependent Examiner.. D J S Pullan FCA 20 Soulhway Ilkley LS29 8QG T￿￿tee8. Re¥ponslbllities in Relation to th• Flnanclal Ststem•nts The Charity's Trustees are responsible for preparing a Trustees. annual report and financial staleTnents in ac￿rdan¢è with applicable law and United Kingdom Accounting Slandards (United KirwJdom Generally Awepted Accounling PradiGel. The law applicable tr) etharities in England and Wales requires the Charty TTU81ees to prepare firydncial statements for each year which give a true and fair view of the stale of 8ffairs of the Charity and ol the incoming resources and application of rÈsourcfrs. of the Charity for that period. In preparing the financial ststements. the Tru8lees are required to.. sÉlèet suitable accounting policies and then apply them con$l$lently'. observe the methods and principles in the applicable Charities SORP., make judgements and eslim8tes that are rea50n8bk and prudent., slate whether applicable a¢¢ounting standards have been followed, subject lo any material departUf•S disclosed and explained in the financial slatemenls., prèparè the financial stalerrenls on the going concern bas1$ unless it Is inappropriato to presume that the Charity will Gontinue in busine5S. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accurxey at any lime the financiBI position of the Charity ènd lo enable thèm to ensure that the financial slatements comply with the Charitie$ Aet 2011, the applicable Charities (Accounts and Reportsl Regul8lions, and the provisions of the Trusl deed. Thèy are also responsible for safeguarding the 85sel8 of Ihe Charity and lakirg reasonable Steps lor th8 prevenu'on and dete¢tion of Iraud and othèr irregularities. The Trustees arè responsible for the maintenance and inlegiity of the Charity 8nd firmncial infuTmalion included on the Charity's website. Legi$lalion in the United Kingdom goveming the prèp8r8tion and dissemination of financial statements'may differ from legislation in otherprisdictions. VISION SUPPORT HARROGATE DISTRICT REPORT OF THE TRUSTEES The Trustees report that the Financial Statèments as al 31 March 2024 ate in the fomial reqwred by Ihe Statemenl of Recommended PraGtirx." Accojnting by Chanties llnown as charit￿s SORPI. Ob￿Cts of the Charity These are set out on page 2 under Legal ar￿ Admini5traNe Delails. Managemert Poli¢i¢s and structu￿ otthè Charity The Charity is managed by the Trust and Finan￿ Comnvttee under the terms of the revised Constitution of 2015. It has however further delegated day to day deC￿lc￿ making to the Execub"¥e Committee including staff ppointments and twdgetèd expenditure as well as other lirniièd expendrture under the te￿5 ol that onstitution. In addilion, thè Charity has a Servw Comffittee whKh meets regularfy to ensure the views and ncems of the members aro taken into account by thè Tnjst and Financ¢ Committee. The M•mbers of the Tnjsl and FInar￿ Commitiee W&￿ in offtt durirg the y•ar were as follows:_ MrJ Grimshaw MrR J Homer Mr P Jènsen Mr E Mitchell Mr J Mellor Mr A Ral¢liffe Mr S Kirk Mrs M Kirk Mrs S Hortjury Revlew of the Financial Stst•m•nts for the Year The figures for last year included £45,[￿ of a generous bewest from Mr St￿leY Bond Ilotsl amount £285,5(Kii. Excluding thi5 legacy. the dthit of the Charty was approximately £57.lJOO. This year, the net defiut of the Charity •xcknding movernents on fftveslments was t57,083. This is better than the budgeted deficit anticipaied by the Chaity of £74.SCA). However, the TnJsiee5 are *ively monitoring th Charity's costs and reyenues. Due to the reseryes F*ld by Iht Charty. the TNstees af¢ happy to ftjnd deffi￿tS in thè short to rnedijm lem bul we keepiNJ position under ¢onstant review. The Ch3riVs p)rtts1￿ investments increased by £55.571 in the yeat. The portfolh? is kept under ￿nStan1 review by our investment managers who $￿ in lum n￿rNi0￿ by the Trust and Finance Committee. Overall, the net assèts of the Charity increased by £20,672 mainty due to Ihe upward movement in financial markets in the peiiod. The Tru$tees consider that the finJ)¢1￿ affairs of the Charity ate satisfactory and will ènAblè the Charity to continue to meet Ihe primary purposes whith it is eslablished. Rlsk Management Th¢ Trustees continue lo asse5S Ma￿ risks to whth the Chatity is exposed, particularfy thfy Operat￿n$ and finances ol the Charity, to ensure its $ysl¢ms mi￿ale exposu￿ to the ma￿r risks. Rè8•N•s Policy The Trustees ale of the opinion thal the Charty's reserves sh¢)uld be of a magnitude to gèr*rate incorne through investment5. ignofing the benefit of ￿g￿les, wh￿h VKJUKI enab￿ il to meel current lovels of expenditure. HE)wever, the Tru51ees are prepared lo use reserves to ftjnd current expendiluie to maintain currènt ownmthents to mernber seNices in the short to Ined￿M tenr. This usè of reserves 15 ieviewed annually. Th Trustees Gonsider. therefore. Ihat the reseThes are adequate to enable the Charity to meet its objects set out ihe constilulion for many year5 lo come. VISION SUPPORT HARROGATE DISTRICT Public Benefrt The TnJslee5 confinM that they havo Gomplied with their duty to hav¢ due regartl lo the Charily Commission's guidance on public bènèfit when exercising Iheir powers or duties. Volunteers The Trustees 8(k￿jwledQe with grat￿ul thanks the help given by 47 voluntary helpers without whom the Charity's activities wuuld be severely reslrided. Signed= Ro omei On behalf of the Trustees 30 September 2024 VISION SUPPORT HARROGATE DISTRICT Independent Examiner'$ Report to the TRUSTEES OF VISION SUPPORT HARROGATE DISTRICT I report on the account3 01 the Trust for the year ended 31 March 2024, which are set out on pages 7t014, Re6pectsvg R•sponsibilitie8 of Trustees and Examln•r The Charity's Trustè8s are responsible for the prepar8lion of the accounts. th8 CITarity's Trustees consider that an audit is not requirèd for this year undtrr section 144121 of the Charities A¢1 2011 (the 2011 Act} and that an indepèndènt 8xaminalion is ￿ded. It is my ￿SponsIbl11ty lo:. examine the acLounts under sèction 145 of the 2011 Act., lo fomow the procedures 18ld d¢wn in the General DireclioTrs given by the Charity Commissicm under section 14515}Ibl of Ihg 2011 Act". 1¢ stste whether p8rticular matters have come lo my attention. 8asi$ of Independent Examir)è￿s Rèport My exarniriation was carried oul in aGGordanGe with the Genèral Directions given by the Charity Cornmisslon. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with Ihos8 records. It also includes ¢onsideralion of any unusual Items or disclosures in the aGGounts. and the seeking of explanations from you as Trustees concerning any such matters. Thè procedures undertaken do not provide all the evidence that would be reqUI￿d in an audit and, consequently no opinion 15 giv¢n as to whethèr tha accounls present a 'lrue and fair view, and the rgport is limited lo thos• matters sel out in the Stalemenl belw. Independent EKaminerfs Statement In connecbon with my èxamination, no matter ha5 come to my attention.. which gives me i¢asonable cause lo believÈ that, in any material respect, the requirements.. lo keep accounting rècords in accordance with se¢tion 130 of the 2011 Act,. and to prepare accounts which accord with the a￿OUntIng records and to wnply wlh Ihè accounting reqLMremenls of Ihp 2011 ACL have not been met.. or to which," in my opinion, 8tt•ntion should be drdwll in order to enable a proper understanding ol the accounts to be reached. D J S Pullarb FCA 20 Southway Ilkléy LS29 8QG 20 N0￿mber 2024 VISION SUPPORT HARROGATE DISTRICT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Notes UDrEstrtled Funds Restr￿1￿0 Funds Totsl 2024 Total 2023 Income Voluntary income Operating activitie5 InvÉstmenl income Charitable a¢tivilieB Other income 25.544 26.430 18,226 7.798 3.598 25,544 26.43D 18.226 7,798 73,166 23,475 12,802 7,028 2856 Total income 81.5* 81,5 119,327 ExpendSture Fundraising trading Investment managemtnl ¢o$ts Charitable activitie8 Goveman¢e costs 3.399 4,123 117,759 3.399 4.123 120,545 10612 3,863 4,164 113,362 9,767 2.786 10 Total ex￿nseS 135,893 2.786 138,679 131,156 surplu￿(defiCItI of income over expendrture G¥insl{loss*sl on investment assets 154.297) 12.7861 157,0831 77,755 111,8281 14 Nel mcvemenl in fvnds 23,458 (2,786) 20.672 1102,9171 BalanGè8 brought forward at 1 Apnl 2023 1.277,870 72.557 1,350.427 1,453.344 Balances ￿rrIed forward at 31 March 2024 1,301.328 89,771 1,371.099 1,350,427 The notes ¢)n pages 910 14 forn part ofthese finar￿la1 statemènts VISION SUPPORT HARROGATE DISTRICT BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Nol FIXED ASSETS Tangible fixèd assets Investrnènts 13 14 255,255 892,870 262.798 837.299 1,148,125 1,100,097 CURRENT ASSETS Debtors C8gh in hand and at bank8 3.537 227 599 4.515 249 665 231.136 254,180 LIABILITIES.. Amounts falling dug wilhin fA)e yaar B.162 3.850 NET CURRENT ASSETS 222.974 250,330 NEF ASSETS 1,371,099 1,350,427 FUNDS UnTeslricted Reslricled 17 19 1.301,328 69.771 1,277,870 72,557 TOTAL FUNDS 1,371.099 1,350,427 Approved by the Trusl and Financè Committee on 30 September 2024 and signed on their bèhalf by: rt Horner Chairrnan The notes on page$ 9 to 14 fomi part of these financial $tslements. VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES General The financia1 statefflents have been prÈpared under Ihe historical cost convention with the exceptitsn of inveslmenls. which are included on a market basis in aecordance with applicable Accounting Standards and thè Charities SORP (Ststement of Recommended Piactlce". °Accounting by Charilies'l. 1.1.2 The Charity is not regislerèd for VAT and, therefore. VAT form5 part ol the Charity's costs. 1,1.3 All income resources are brought lo the uedit th the Statement of Financrdl Ath"vities when they become due and payable. 1.1.4 Expenditure is charged to the Slalernenl of Financial Aclivitk8S when incurred. Tangible Fixed A$sets Thèse assets are included at Cost less depreciation. Tho Managemenl Committee does not envisage ¥ny disposal within the IoTÈS8eable future and the￿lOre ¢onsiders this io bè appropriate. Fixed Assgt Investments 1.3.1 Stocks and shores are ir￿l￿ded in thè Balance Sheet al market value. 1.3.2 Profits and losse5 8r4sing on the disposal of investments are includèd in ihe Statement ol Finanaal Activities. Oeprèeiati¢)n Tangible fixed assets are stated at cosl and are depre¢ialed by anThJal inslalments over their expede(I useful life as lollows:_ Freehtsld land and buildings Fixtures, fith.ngs & furnishings ¢Jffice computer & equipment 2°/0 of c￿1 10'A ol written down value 25% 01 cost Fund A¢eountlng General unreslricled funds ¢omprise accumulated surpluses and deficits on gÈneral lunds and the cumulative reali5ed and unrealised gains on investments. They are available for use al the discreb'on of the Trustees in furtherance ol the Charity's 9Eneral charitable objectives. Restricled funds are created when donations are rnade for a particular area or purpose, the Use of which is re8trKt8d to ihat area or purpose. Voluntary income 2024 2023 Donations Legacie5 and b8quests 24.088 1,456 26.545 46.621 25,544 73,166 VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icont'd} Inc¢m• from operaling actl¥itses fer generaling fvnds 2024 2023 Rents of flats Rents of roorns vjhen not wured for the Charivs use Fundraising 14,940 1.oc 104 13,840 895 26.430 23.475 Invosknent income 2024 2023 Dividends interest Unreslricted Reslricied 18,226 12,802 18.226 12,802 In¢om• from charltable activititl 2Q24 2023 Net access to work fuThJing Holidays, tiubngs soaals Aids for w5ually impaiied sales 195) 5,723 18 3.337 3.673 7,798 7,028 Other Income 2D24 2023 Grants Craft sales Other 1,050 434 2,114 1,000 614 1,242 3,598 2.856 Fundralslng trading 2024 2023 Fundrwsing costs Aids for resale Craft materials 2.095 892 412 635 2,809 419 3,863 10 VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {cont'dl Invesknent management Ca8t8 2024 2023 Investment managemartt costs 4.123 4,164 The Trustees consider that 50Uh of inveslmenl management f&Ès rolat& to capital and thus the above represents 50% of tha total fees charged. The ba1￿ce is charged lo the nel gain or1055 on assèts sold In the year. Charitable •ctivitles Unreslnclèd Funds Ripon Harrc&gAle RèslrlGted Funds Total 2024 Total 2023 Outings & holldays Soclal evgnls Travelling 8xpen¥98 Class expen8es Tulor$' salaries Room ienl Equipment hire Training cost8 Sundry expenses Loss on sale ol fixed assets Depr•¢ialion Staff admin & premi58S CO8ts (share- see note 111 587 5.323 385 5B7 6,337 2,429 28 4,933 2,418 443 1,433 1.050 712 1,014 2.044 1,740 519 758 78 768 1,740 1.497 758 78 768 978 978 2.760 10,708 7,865 2,788 10.651 95,508 4,036 113,723 2,788 120,545 113,362 Total unreslrlGled funds 117,759 10 Gov•rnanc• ¢o$ts Th8 Trust and Finance Committe& considerB that $OVo ol the expen5¥8 of management and odm1nistra￿.On of the Ch8rty are lor the direct benefll of the visually impairod and the relèvant expenditure has ￿en appartioned on this bas18. 2024 2023 Staff, admin & premise¥ sh8ra (nola 111 10,612 9,787 Stsff, admlnl8tratlan and preml$eg ¢08t8 2024 Apportioned Ch8rilable aclNities 2023 Tot81 Gov8fnance Total Solaries Pension costs Light, heat & water Rat8S Telephone Insurance Cleaning Printing, slalionery'& postage Repairs 8 ￿newa19 Advèrtising Profe5sic¥nal lees 79,261 1,177 8,709 698 2.084 2,894 816 1,383 5.570 672 7,926 118 671 70 208 289 82 138 557 87 71,335 1.059 6,038 828 1.876 2,605 734 1,245 5,013 785 4,188 60,638 915 5,934 1,152 1,828 2,312 733 )0 9,023 298 106.118 10.612 95,5C 87.899 VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {cont'd) 12 Stsff 2024 2023 Salaiies Social Security ¢osts 79.261 67,376 79,261 67,376 The avewe number ofemployees. anatysed by fu￿￿*, was:_ 2024 2023 Charitable actiwties {ftll bme equivalent) Managemènt & Administra￿.0￿ oflhe Chaiity 13 Tangiblw Fixed Assets Freehdd Fixtures. ffttiThJs & furnishiThJs Totsl CompLrters building5 Cosl At 1 April 2023 Addsts'ons DisFxsals 33.737 27.924 1.948 408.253 3.108 34,897 29.872 411.361 DeprEUation At 1 Apri5 2023 Disposals Charge fof Ihe year 1110.550) 110.058) 124.84n (145,4551 .931 10.651 12.464 156,106 Value at 31 March 2024 22.433 3.711 255 255 Value at 31 Mar¢h 2023 236,042 262 798 F￿ehOld land and building$ at cost at 31 Mar¢h 2024 ccrfnwi5es:_ Land and buildbngs at 23 East Parade Harrc ExtÈnsion at 23 East Parade, Harrogate c05tS to 31 March 1998 Extension at 23 East Parade. Ha￿09ale costs to 31 March 2007 Securily gates 6.274 139,302 198.284 2.732 £346,592 12 VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icont'd) 14 Inv•skn•nts 2¢f24 2023 Carryiro {markell valuè al 1 April 2023 Additions at cost DisP05al pr￿eedS 1ncreasèl{d￿easel in market value Gains1{￿￿*¢$I on realised assets 837,299 532,403 1558,7081 63.724 18.152 929,140 490.551 1495.4871 1156,478} 69.553 CaryiNJ Imarketl valuation at 31 March 2024 892,870 837,299 Overall 9ainl{losses} on investments InueasellDecreasel in market valye GainslllossÈs} on realised assets Capital eLeTh￿l of investment5 Managèn￿rf fees 63,725 18,152 4.122 1156,4781 69,553 4,164 77.755 191,0891 15 Current assets 2Q24 2023 Other debtors P￿paYments and acc1￿ irwrne 3.537 2,265 2.250 3,537 4.51S 16 Liabilltl•s 2024 2023 Trade ueditors Accrued charges and deferred in¢ome Other credjlors 405 4,849 2,908 756 2,￿2 192 8.162 3,850 17 UnrÈstrl¢i•d lunds The funds comprise und15tn"buted arky have been and conlirtuo to t* used to acouirè fixed assets and fued assel investments to PfO¥Kle In￿)me to enable th¢ objects of IhÈ Charity to be conts"nuet1. 2024 2023 Balan¢e brought forwar(11 April 2023 Nel movement in funds during the yeaf 1.277.870 1.378.001 100,131 BalarKe al 31 March 2024 1,301.328 1,277,870 13 VISION SUPPORT HARROGATE DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Iconl'dl 18 Rèsirieted funds 18.1 Extension fund (1996) Thi5 comprises donations from IndNlduals, trus13 and oth•r bodies for the ¥peciffic purpose of building an extènsion which opened ill 1996. Following payment of all costs. the fund was closed. The Extension Fund bè transferred to income by equal inslalments over the esiirnaled useful life of the asset which is considered lo be 50 years. 18.2 Constsn¢• Wood children s fund In October 1999 8 bequest from Ihe estate of Mrs Wood Dec'd was ie¢eived for 'lhe Yorkshire School and Home for Blind Childr¢n in Harrogale.. Following consultation with the Chariiy Commissioners and the other residuary legatees, who were also charities, the Sole Executor d8cid•d that the bequ¢st b paid lo the Charity which has un(tèrtak8n lo restrict its use for the benefrt of visually impaired children within the area it covers. The v8luÈ ol thè fund was £1,674 al 31 March 2024. 19 Summary of retytrictsd funds Balance al 114123 Charge Balance at 3113124 year Extension fund Constance Vvood children's fvnd 70,883 1.674 {2,786) 68.097 Total restricied fvnds 72,557 12.7861 89.771 Restricted funds are ￿preSented on Ihe balance sheel"by:_ Tangible fixed assets Investments and cash 68.097 1,674 69.771 20 Trustees. remunèratlon Lithgow Pethins LLP, a fim ol chartered accountanls of which Robert Homer is a partner, manaye the payroll., £612 plus VAT was invol￿d by thèm for this service in the year ended 31 March 2024. In addition, Lithgow PÈrkins LLP p￿pare the annual accounts. A f•e of £650 plus VAT was invoiced for accounts ￿￿paratIOn during the year. 21 Investment man•g•r Brown Shipley of Park Square. Leeds is the Investment Manager. The 8ppointmenl 18 ￿vIewed annually. 14