REGISTERED CHARITY NUMBER: 219818 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR EAST8OURNE BLIND SOCIETY Domint Hill Assctiales Limited Archer House Brrtland Estate Northbovrne Road Eastbourne 8N22 8PW
EASTBOURNE BLIND SOCIE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Page Report of the Trust&es Independent Examlner's Report Statement of FSnancial Activitiej Balancè Sheet Cash Flow Stat•m•nt Notes to the Flnan¢lal Statem•nts 6 10 12
EASTBOURNE BLIND SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report wrth the financial statements of the charty for the year ende<l 31 March 2024. The tfU5tees have adopted the pfovSsions of Accounting and Reporting by Charrfies.. Statement ol Recommended Practice applKable to charities preparipg their accounts in accordance wrth the Financial Reporting Standard aPpIable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•mlng do¢ument The charty Is ¢ontrolled by its governing document, a deed of trust and constilLrtes an unincorpor8le<l charty. REFERENCE AND ADMINISTRATIVE DEfAILS R•gisl¥red Charrty number 219818 Prlncipal address 124-142 Longsione Road Easlboume Easl Sussex BN22 8DA Trust••s A T Ley Truslee 8 8urg85s Trustee C M Szanto Trustee P D Parker Trust¥• R G¢Jodyear Truslee S A Barrett Tru8leè Indèpend•nt Examin•r On Behalf Of Oorninic Hill Asso¢wte8 Limited Aher House Britland Eslal Morthboume Ro&Y Eastboume 8N22 8PW Approved by order ol the board of tru$te•s on .. and signed on its behalf by.. A T Ley Trustee- Trug Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EASTBOURNE BLIND SOCIETY Independent examiner's report to the trustees of Eastbourne Blind Society I report lo the chaiily Iruslees on my examination of the accounts of Easlbourne Blind Society Ilhe Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity Irkjslees of the Trust you are responsible for the preparation of the accounts in accordance with the rèquirements of the Charities Act 2011 I'the Acl'l. I report in respect of my examination ol the Trust's accounts cafried out under Section 145 of the Act and in carrying out my examination I have followed 811 applicable Directions given by Ihe Charity Commission under Section 14515llbl ol the Ad. Independent examinèr's statement Since your charity's gloss income exceeded £250.000 your examiner musl be a member of a listed body. I can Confirm that l affl qualified lo undertake Ihe examination bec8use l am a registered member of On Behalf Of which Is one of the listed bodEs. I have completed my examination. I confirm that no material matters have come to my attention in connection with the eXaMinatn giving me ¢8use lo believe that in any maleiial respect accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord with those records". or the accounts do not Comply with the applicable requirements concerning the form and content of accounts sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other matters in connection with the examination lo which attention should be drawn in thi5 report In order lo enable a proper understanding of the accoun15 to be reached. /* D.J Peter D Hill FCA On Behalf 01 Dominic Hill Associates Limited Archer HoLJse 8ritland Eslale Northbourne Road Eastbourne BN22 8PW Page 2
EASTBOURNE BLIND SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unreslricled fund Reslricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies $87,451 587,451 101.068 Charitable activities Chari18ble Aclivrties 36.670 29,491 66,161 52,622 Other trading activities Investment Ineome 27,625 128,763 27,625 128,763 14,816 82,322 Total 780,509 29,491 810,000 250.828 EXPENDITURE ON Raising funds 3,209 3,209 2,402 Charlt8ble actlvltles Charitable Activities 259,657 24,679 284.336 251,390 Other Total 262,866 24,679 287.545 253,792 Nel gain(lo$se$l on investments 5,057 5,057 1104.1071 NET INCOMEIIEXPENDITUREI Transfers between funds 522,700 4,812 4,812 14,8121 527.512 1107,0711 15 Net movement In funds S27,512 527,512 1107.0711 RECONCILIATION OF FUNDS Total funds broughl forward 2,672,072 2,672,072 2,779,143 TOTAL FUNDS CARRIED FORWARD 3,199,584 3,199,584 2,672.072 The notes form part of these financial statements Page 3
EAST80URNE BUNO SOCIETY BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Total funds Unrestrictèd fvnd Restricted fund Notes FIXED ASSETS Tangible assets Investments 10 12.329 1.714,828 12.329 1.714.828 14.735 1,709.TTI 1.727,157 1.727,1S7 1,724,506 CURRENT ASSETS Slwks Debtors Cash al bank 12 13 3.786 7,672 1,475,225 3,786 7,672 IN75,22S 6,995 943.572 1,486,683 1,486,883 950.567 CREDITORS Arnounls lallin9 du¢ within onè year 14 114.2561 114.2661 13.0011 NEf CURRENT ASSETS 1,472.427 1,472,427 947,566 TOTAL ASSETS LESS CURRENT UABILITIES 3,199.584 3.199.SB4 2,872,072 NET ASSETS 3.199,684 3.199,584 2,672.072 FUNDS Unreslri¢tod funds 15 3.199,584 2.672.072 TOTAL FUNDS 3.199,S84 2,672,072 Ttre financial statements were approved by the Board of Trustees and aLrth(3*Y for i88u8 on .. Jr. . I...1............ ... and were straned on its behalf by.. A T Ley Trust•e- Trust¢e The notes form part of these financial statements Page 4
EASTBOURNE BLIND SOCIETY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operation5 17 S32,330 9.523 Net cash provided by operating activities 532.330 9.523 Cagh flows from Investlng actlvltles Pur¢ha5e ol tangible fixed 8ssels Purchase ol fixed asset investments Sale of fixed asset Investments 16771 15.0571 5,057 104.107 1104,1071 Nel cash (used inllprovided by investing aclivilie8 16771 Change in cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at the bo9Snnlng of the reportlng perlod 531,653 9.523 943,572 934.049 Cash and cash equivalents at the end ol the reportlng perlod 1,475,225 943,S72 The notes form part of these financial statements Page 5
EASTBOURNE BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemen15 01 the charity, which is a public benefit enlily under FRS 102, have been prepared in accordance wrth the Charitie5 SORP IFRS 1021 'A¢counting and Reporting by Charities.. Statement ol Recomrnended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Acl 2011. The financial slalemenls have been prepared under the historical cost convention, with the exception ol investments which are included al market value. Income Income is e0gniSed when the charity is legalty entitled to it after any performance conditions have been met. the amoLJnts can be measured reliably. and it Is probable that Income will be received. Cash donations are recognised on receipt. Other donalk)ns are recognised once the charlty has been notified of the donation. unless performance conditions require deferral of the amount. Legacies are recognised on receipt or otherwise if the chanly has been nolrfied of an impending islribulion.the amount Is known, and receipt is expected. If the amount is not known. the legacy is Irealed as a contingent asset. Expendlture Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benef11s will be required in settlement and the amount of the obligation can be measured reliably. Expenclilure is accounted lor on an accruals basis and has been ¢lassilierJ under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis ¢onsislenl with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order lo wrrte off each asset over ils eslimaled useful life. Fixtures and frttings Motor vehicles 20. on reducing balance 20V/o on reducing balance Stocks Stocks are valued al the lower of cost and nel realisable value. after making due allowance for obsolete and slow moving items. Taxation The charty 1$ exempl from lax on ils charitable activrties. Fund accounting Unreslricled funds can be used in accordance with the charrtable objectives al the discretion of the Iruslees. Restricted funds can only be used for particular restricted purposes within the objects of the cha¥ily. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalements. Page 6 continued...
EASTBOURNE BLIND SOCIErY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Gifts Legacies SubscriplKJns 17,672 569.704 7S 7,697 93,371 587.451 lo1,18 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 27,625 14,816 INVESTMENT INCOME 2024 2023 Income form listed investments Interest receivable 75,467 53,296 66,814 15,508 128,763 82.322 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable Activities Sales of goods Grants towards service provisi Minibus hire 34,285 21,657 Charitable Activities Charitable Activities 22,702 9,174 23.778 7,187 66,161 52.622 CHARITABLE ACTIVITIES COSTS Support costs Isee note 71 Direct Costs Totals Charitable Aclwilies 144,700 139,636 284,336 Page 7 continued...
EASTBOURNE BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Information technology Governance costs anagemenl Finance Totals Charitable Aclivrties 127.504 1,622 5,930 4.580 139,636 TRUSTEES. REMUNERATION AND BENEFITS There were no IrLJStees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenges There were no Iru51ees' expenses paid for the year ended 31 March 2024 nor lor the year ended 31 March 2023. STAFF COSTS Wages and salaries paid in the period lolalled £156,56312023". £144.6341. 10. TANGIBLE FIXED ASSETS Fixtures and Freehold property Motor vehicles Tota18 COST Al 1 April 2023 Additions 114,758 76,236 677 68.440 269.434 677 Al 31 March 2024 114,758 78,913 68,440 260,111 DEPRECIATION Al 1 April 2023 Charge lor year 114,758 72,980 787 56,961 2.296 244,699 3,083 Al 31 March 2024 114,758 73,767 59.2S7 247,782 NET 800K VALUE At 31 March 2024 3,148 9,183 12,329 Al 31 March 2023 3.256 11,479 14,735 11. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al 1 April 2023 Additions 1,709,771 5,057 Al 31 March 2024 1,714,828 NET BOOK VALUE At 31 March 2024 1,714,828 At 31 Mareh 2023 1.709,771 Page 8 ¢ontinL¢ed...
EAST8OURNE BLIND SOCIEr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 11. FIXED ASSET INVESTMENTS - Continued There were no invèslmenl assets outside the UK. 12. STOCKS 2024 2023 Stocks 3,786 6.995 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors 6,952 720 7,672 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 3,682 3,110 7,464 3,000 14,256 3,001 15. MOVEMENT IN FUNDS Nel movement in funds Transfers beeen funds Al 31.3.24 Al 1.4.23 unstrICted funds General fund 2,672,072 522,700 4,812 3,199.584 Restricted funds Low Vision Support Service 4,812 4.8121 TOTAL FUNDS 2,672,072 527,512 3,199,584 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrictèd funds General fund 780,509 1262,8681 S.057 522.700 Restricted fundg Low Vision Support Service 29,491 124,6791 4,812 TOTAL FUNDS 810,000 1287,5451 5.057 527,512 Page 9 continued...
EASTBOURNE BLIND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Nel movement In funds Transfers between funds At 31.3.23 At 1.4.22 Unrestri¢ted funds General fund 2,773,786 197.7981 13.9161 2,672,072 Restrlcted funds Low Vision Support Service 5,357 19,2731 3.916 TOTAL FUNDS 2.779,143 1107,0711 2.672.072 Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 235.536 1229,2271 1104.107} 197,7981 Restricted funds Low Vision Support Service 15,292 124.5651 19,2731 TOTAL FUNDS 250,828 1253,7921 1104.1071 1107,0711 A current year 12 months and prior year 12 months combined position Is as folk)ws". Net movement in funds Transfers behveen funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 2,773,786 424,902 3,199,584 Restricted funds Low Vision Support Service 5,357 14,4611 18961 TOTAL FUNDS 2.779.143 420,441 3.199,584 Page 10 continued...
EAST80URNE BUND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows. Incoming resources Re50ur¢es expended G3ins and 105ses Movement in funds Unrestrfcted funds General fund 1.016,045 1492.0931 199.0501 424.902 Restricted funds Low Vision Support Service 44,783 149,2441 14.4611 TOTAL FUNDS 1,060,828 1541,3371 199,0501 420,441 16. RELATED PARTY DISCLOSURES The remuneration of key management personnel is as follows.. Aggregate compensation" £37,270 in 20241£34,493 in 20231 Other disclosures.. East Sussex ViSn Care IESVCI is the charty which coordinates sèrvices in East Sussex and comprises of Easlbourne Blind Swiely. East SusseK Association for Blind and Partially Sighted People and Hastings and Rother Voluntary Association for the Blind. Each ol these organisalions appoints Iruslees lo ESVC and therefore some ol the trustees of Eastbourne Blind Society are also trustees of ESVC. ESVC'S purpose is to distribute grants from Local Authorities lo the member societies lo enable them lo carry out the services. As such, the mutual Iru51ees of Easlbourne Blind Society do not have control of ESVC and therefore disclosure of detailed related party transactions Isn't required. 17. RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomellexpenditurel for the reporting period las per the Statement of Financial Activities) Adjustments for.. Depreciation charges (Gainlllosses on investmen15 Decrease In stocks Ilncieaselldecrease In debtors Increaselldecreasel in creditors 527,512 1107,071) 3.083 15,0571 3,209 17,6721 11,255 3,683 104.107 11.007 12.203} Net cash provided by operations 532,330 9,523 18. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cas Cash al bank 943,572 531,653 1,475,225 Page 11 continued...
EASTBOURNE BUND SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 18. ANALYSIS OF CHANGES IN NET FUNDS - continued 943,572 531,653 1,475,225 Total 943,572 531.653 1,475,225 Page 12