2025-03-31-accounts - Vision Support Harrogate District

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CONTENTS
Legal and Administrative details	2-3
Statement of Trustees' responsibilities	3
Report of the Trustees	4-5
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 - 14

	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	2025	2024
		£	£	£	£
Income
Voluntary income	2	19,502	-	19,502	25,544
Operating activities	3	41,122	-	41,122	26,430
Investment income	4	20,868	-	20,868	18,226
Charitable activities	5	16,478	-	16,478	7,798
Other income	6	4,648	_-	4,648	3,598
Total income		102,618	-	102,618	81,596
Expenditure
Fundraising trading	7	12,418	-	12,418	3,399
Investment management costs	8	4,412	-	4,412	4,123
Charitable activities	9	131,401	2,786	134,187	120,545
Governance costs	10 _	11,689	_-	11,689	10,612
Total expenses		159,920	2,786	162,706	138,679
Surplus/(deficit) of income over expenditure		(57,302)	(2,786)	(60,088)	(57,083)
Gains/(losses) on investment assets	14	12,693	_-	12,693	77,755
Net movement in funds		(44,609)	(2,786)	(47,395)	20,672
Balances brought forward at 1 April 2024		1,301,328	69,771	1,371,099	1,350,427
Balances carried forward at 31 March 2025		1,256,719	66,985	1,323,704	1,371,099


	Notes	£	£	£	£
FIXED ASSETS
Tangible fixed assets	13	255,034		255,255
Investments	14	904,793		892,870
			1,159,827		1,148,125
CURRENT ASSETS
Debtors	15	4,820		3,537
Cash in hand and at banks		165,554		227,599
		170,374		231,136
LIABILITIES: Amounts falling due within
one year	16	(6,497)		(8,162)
NET CURRENT ASSETS			163,877		222,974
NET ASSETS			1,323,704		1,371,099
FUNDS
Unrestricted	17	1,256,719		1,301,328
Restricted	19	66,985		69,771
TOTAL FUNDS			1,323,704		1,371,099

1.1	General
1.1.1	The financial statements have been prepared under the historical cost convention with the exception of
	investments, which are included on a market basis in accordance with applicable Accounting Standards
	and the Charities SORP (Statement of Recommended Practice: “Accounting by Charities”).
1.1.2	The Charity is not registered for VAT and, therefore, VAT forms part of the Charity’s costs.
1.1.3	All income resources are brought to the credit of the Statement of Financial Activities when they become
	due and payable.
1.1.4	Expenditure is charged to the Statement of Financial Activities when incurred.
1.2	Tangible Fixed Assets
	These assets are included at cost less depreciation. The Management Committee does not envisage
	any disposal within the foreseeable future and therefore considers this to be appropriate.
1.3	Fixed Asset Investments
1.3.1	Stocks and shares are included in the Balance Sheet at market value.
1.3.2	Profits and losses arising on the disposal of investments are included in the Statement of Financial
	Activities.
1.4	Depreciation
	Tangible fixed assets are stated at cost and are depreciated by annual instalments over their expected
	useful life as follows:-
	Freehold land and buildings - 2% of cost
	Fixtures, fittings & furnishings - 10% of written down value
	Office computer & equipment - 25% of cost

	General unrestricted funds comprise accumulated surpluses and deficits on general funds and the	General unrestricted funds comprise accumulated surpluses and deficits on general funds and the	General unrestricted funds comprise accumulated surpluses and deficits on general funds and the
	cumulative realised and unrealised gains on investments. They are available for use at the discretion of
	the Trustees in furtherance of the Charity's general charitable objectives. Restricted funds are		created
	when donations are made for a particular area or purpose, the use of which is restricted to that area or
	purpose.
2	Voluntary income
		2025	2024
		£	£
	Donations	19,502	24,088
	Legacies and bequests	-	1,456
		19,502	25,544

3	Income from operating activities for generating funds
		2025	2024
		£	£
	Rents of flats	14,980	14,940
	Rents of rooms when not required for the Charity’s use	1,440	1,000
	Fundraising	24,702	10.490
		41,122	26,430
	Investment income
		2025	2024
		£	£
	Dividends and interest
	Unrestricted	20,868	18,226
	Restricted
		20,868	18,226
	Income from charitable activities
		2025	2024
		£	£
	Net access to work funding	-	(95)
	Holidays, outings and socials	7,290	5,723
	Aids for visually impaired sales	9,188	2,170
		16,478	7,798
6	Other income
		2025	2024
		£	£
	Grants	2,271	1,050
	Craft sales	631	434
	Other	1,746	2,114
		4,648	3,598
7	Fundraising trading
		2025	2024
		£	£
	Fundraising costs	3,907	2,095
	Aids for resale	8,368	892
	Craft materials	143	412
		12,418	3,399

nvestment management costs
	2025	2024
	£	£
Investment management costs	4,412	4,123

dministration of the Charity are fo xpenditure has been apportioned on	r the direct this basis. benefit of	the visually impaired and th	e relevant
		2025	2024
		£	£
Staff, admin & premises share (note	11)	11,689	10,612

taff, administration and premises cos	ts
		2025		2024
		Apportioned
			Charitable
	Total	Governance	activities	Total
	£	£	£	£
Salaries	88,704	8,870	79,834	79,261
Pension costs	1,318	132	1,186	1,177
Light, heat & water	6,446	645	5,801	6,709
Rates	680	68	612	698
Telephone	1,776	178	1,598	2,084
Insurance	3,357	336	3,021	2,894
Cleaning	1,058	106	952	816
Printing, stationery & postage	1,121	112	1,009	1,383
Repairs & renewals	7,788	779	7,009	5,570
Advertising	20	2	18	872
Professional fees	4,623	462	4,161	4,653
	116,891	11,690	105,201	106,117

Staff
				2025	2024
				£	£
Salaries				88,704	79,261
Social Security costs
				88,704	79,261
The average number of employees, analysed	by	function, was:-
				2025	2024
Charitable activities (full time equivalent)				3.0	3.0
Management & Administration of the Charity				0.5	0.5
				3.5	3.5
Tangible Fixed Assets
	Freehold		Fixtures,		Total
		land &	fittings &	Computers
	buildings		furnishings
		£	£	£	£
Cost
At 1 April 2024	346,592		34,897	29,872	411,361
Additions		-	10,834	-	10,834
Disposals				-	-
	346,592		45,731	29,872	422,195
Depreciation
At 1 April 2024	(117,481)		(12,464)	(26,161)	(156,106)
Disposals
Charge for the year		(6,932)	(2,785)	(1,338)	(11,055)
	(124,413)		(15,249)	(27,499)	(167,161)
Value at 31 March 2025	222,179		30,482	2,373	255,034
Value at 31 March 2024	229,111		22,433	3,711	255,255
Freehold land and buildings at cost at 31 March 2025 comprises:-
Land and buildings at 23 East Parade Harrogate					6,274
Extension at 23 East Parade, Harrogate costs	to	31 March 1998			139,302
Extension at 23 East Parade, Harrogate costs	to	31 March 2007			198,284
Security gates					2,732
					£346,592

14	Investments
		2025	2024
		£	£
	Carrying (market) value at 1 April 2024	892,870	837,299
	Additions at cost	582,370	532,403
	Disposal proceeds	(587,552)	(558,708)
	Increase/(decrease) in market value	28,608	63,724
	Gains/(losses) on realised assets	(11,503)	18,152
	Carrying (market) valuation at 31 March 2025	904,793	892,870
	Overall gain/(losses) on investments
	lncrease/(Decrease) in market value	28,608	63,725
	Gains/(losses) on realised assets	(11,503)	18,152
	Capital element of investments management fees	(4,412)	(4,122)
		12,693	77,755
15	Current assets
		2025	2024
		£	£
	Other debtors	238	563
	Prepayments and accrued income	4,582	2,974
		4,820	3,537
16	Liabilities
		2025	2024
		£	£
	Trade creditors	-	405
	Accrued charges and deferred income	4,449	4,849
	Other creditors	2,048	2,908
		6,497	8,162

ssets and fixed asset investments to provide income ontinued.	to enable the objects of the	Charity to be
	2025	2024
	£	£
Balance brought forward 1 April 2024	1,301,328	1,277,870
Net movement in funds during the year	(44,609)	23,458
Balance at 31 March 2025	1,256,719	1,301,328

ummary of restricted funds
	Balance	Charge	Balance
	at	in	at
	1/4/24	year	31/3/25
	£	£	£
Extension fund	68,097	2,786	65,311
Constance Wood children’s fund	1,674	-	1,674
Total restricted funds	69,771	2,786	66,985
Restricted funds are represented on the balance sheet by:-
Tangible fixed assets			65,311
Investments and cash			1,674
			66,985