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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|





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||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|





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||||2025|||2024||
|---|---|---|---|---|---|---|---|
||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|






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|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<br>-<br>2% of cost|
||Fixtures, fittings & furnishings<br>- 10% of written down value|
||Office computer & equipment<br>- 25% of cost|



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||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|





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|**nvestment management costs**|||
|---|---|---|
||2025|2024|
||£|£|
|Investment management costs|4,412|4,123|



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|**haritable activities**||||||
|---|---|---|---|---|---|
||Unrestricted Funds||Restricted|Total|Total|
||Ripon|Harrogate|Funds|2025|2024|
||£|£|£|£|£|
|Outings & holidays|-|1,671||1,671|587|
|Social events|651|5,532||6,183|6,337|
|Travelling expenses|1,910|1,630||3,540|2,429|
|Class expenses|-|205||205|194|
|Tutors’ salaries|-|1,590||1,590|1,740|
|Room rent|833|479||1,312|1,497|
|Equipment hire|-|758||758|758|
|Training costs|-|1,686||1,686|78|
|Sundry expenses|68|918||986|768|
|Loss on sale of fixed assets|-|-|||-|
|Depreciation|-|8,269|2,786|11,055|10,651|
|Staff admin & premises costs||||||
|(share - see note 11)|-|105,201||105,201|95,506|
||3,462|127,939|2,786|134,187|120,545|
|Total unrestricted funds||131,401||||



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|dministration of the Charity are fo<br>xpenditure has been apportioned on|r the direct<br> this basis.<br>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|





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|**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|



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|ssets and fixed asset investments to provide income <br>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|





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|**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|



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