REGISTERED CHARITY NUMBER: 219818
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
EASTBOURNE BLIND SOCIETY
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne East Sussex BN22 8PW
EASTBOURNE BLIND SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Financial Statements | 6 to 12 |
EASTBOURNE BLIND SOCIErY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Iheir reFQrt with the financial statements of the charty for the year ended 31 March 2025. The trnstees have adcpted the provisions of ACCjnting and Reporting by Charf(ies: Statémènt of Recommended Pr&11 applb to charitw prepatry their accounts in cOrdance wth the Financial Repoiting Stsndard applble in the UK RepublK of IrelaTKI {FRS 1Q21 {effTve 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The charty is ntr(lIe by its governing dcojment. a de•J of twust aThJ constrtutes an unincorporated eharity. REFERENCE AND ADMINISTRAnVE DAlL5 Registered Charity number 2118 Principal address 124142 Longsltsne Road Eastbourne East Sussex BN22 8DA Truees A T Ley Trustee C M Szanto TTUStee P D Parker Trustee N R G(x)dyear Trust A Round Trustee {resigned 7.4.25} G Szanlo Trustee (appointed 9.9.24) F Cain Trustee (appointed 4.11.241 Independent Examiner Peter O Hill FCA Institute of Chartered Accountants in England arKI Wales Dominic Hill Associates Limrted Archer House Brrfand Estate Northboume Ro Eastboume East Sussex BN22 8PW Approved by order of the board of trustee5 On ....... . and s¥ned on its behalf ty. A TLeyTru Pa3e 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 to the charity Iruslees on my examination of the accounts of Eastbourne 81ind Society Ithe Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the reqLJirements of the Charities Act 2011 I'lhe Act'i. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 14515llb} of the Act. Independent examinerfs statement Since your charily's gross income exceeded £250,000 your examiner must be a member ol a Iisled body. I can confirm that l am qualified lo undertake the examination because l am a registered member of Inslilule of Chartered Accountants in England and Wales which Is one of Ihe1151ed bodies. I have completed my examination. I confirm that no material mallers have come lo my attention in Connection with the examination giving me cause lo believe that in any material respect. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accovnls do not accord with those cordS.. or the accounts do not comply with the applicable reqLJiremenls concerning the fom and conlenl of accounts set 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 eonsidefed as part of an Independent examination. I have no concerns and have come across no Dlher matters in connection wrth the examination to which attention shoulol be drawn In this report In order lo enable a proper understanding ol the accounts lo be reached. Peter D Hill FCA Inslilule of Chartered Accounlanls in England and Wales Dominic Hill Associates Limited Archer House Brilland Eslale Northbourne Road Eastbourne East Sussex BN22 8PW Oate....Z.z.S ...z.6........ Page 2
EASTBOURNE BLIND SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Charitable Activities Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds Charitable activities 6 Charitable Activities Total Net gains on investments NET INCOME Transfers between funds 15 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 23,695 41,273 31,009 158,748 254,725 186 279,874 280,060 28,650 3,315 4,000 7,315 3,199,584 3,206,899 |
Restricted funds £ - 40,650 - - 40,650 - 36,650 36,650 - 4,000 (4,000) - - - |
2025 Total funds £ 23,695 81,923 31,009 158,748 295,375 186 316,524 316,710 28,650 7,315 - 7,315 3,199,584 3,206,899 |
2024 Total funds £ 587,451 66,161 27,625 128,763 810,000 3,209 284,336 287,545 5,057 527,512 - 527,512 2,672,072 3,199,584 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
EASTBOURNE BUND SOCIErY BALANCE SHEET 31 MARCH 2025 202$ Total funds 2024 Totsl funds unrestn.cted Restricted fund funds Notes FIXED ASSETS Tangible assets Investrnents 10 11 9,863 3,196,839 9.863 3.196.839 12,329 1,714,828 3.206,702 3.206.702 1.727,157 CURRENT ASSETS Stocks Debtors Cash at bank 12 13 3,600 4,$24 3,700 3,786 7.672 1,475,225 4,524 3.700 11.824 11,824 1.486,683 CREDoR5 Amounts f3lling due within one year 14 {11.627) (11.6271 (14.256) CURRENT ASss 197 197 1,472,427 TOTAL ASSETS LESS CURRENT LIABILITIES 3.206.899 3.206.899 3.199,584 NET ASSETS 3,206.899 3,206.899 3,199,584 FUNDS Unrestricted funds 15 3,206.899 3,199,584 TOTAL FUNDS 3.206.899 3,199,584 The financial statements were approved by the Board of Trustees and aulhorised for issue on . and were signed on its behalt by: LeyT . Tnlee The notes form part of these financial stalements Page 4
EASTBOURNE BLIND SOCIETY
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 17 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 18 Cash and cash equivalents at the end of the reporting period 18 |
2025 £ (18,164) (18,164) - (1,482,011) 28,650 (1,453,361) (1,471,525) 1,475,225 3,700 |
2024 £ 532,330 532,330 (677) (5,057) 5,057 (677) 531,653 943,572 1,475,225 |
|---|---|---|
The notes form part of these financial statements
Page 5
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified 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 consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance Motor vehicles - 20% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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 statements.
Page 6
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 2. DONATIONS AND LEGACIES Gifts Legacies Subscriptions 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Income form listed investments Interest receivable 5. INCOME FROM CHARITABLE ACTIVITIES Activity Sales of goods Charitable Activities Grants towards service provisi Charitable Activities Minibus hire Charitable Activities 6. CHARITABLE ACTIVITIES COSTS Charitable Activities |
Direct Costs £ 171,208 |
2025 £ 11,989 11,706 - 23,695 2025 £ 31,009 2025 £ 88,016 70,732 158,748 2025 £ 46,639 25,907 9,377 81,923 Support costs (see note 7) £ 145,316 |
2024 £ 17,672 569,704 75 587,451 2024 £ 27,625 2024 £ 75,467 53,296 128,763 2024 £ 34,285 22,702 9,174 66,161 Totals £ 316,524 |
|---|---|---|---|
Page 7
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. SUPPORT COSTS
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Information | Governance | ||||
| Management | Finance | technology | costs | Totals | |
| £ | £ | £ | £ | £ | |
| Charitable Activities | 131,282 | 1,811 | 5,719 | 6,504 | 145,316 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
9. STAFF COSTS
Wages and salaries paid in the period totalled £175,885 (2024: £156,563).
10. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 114,758 114,758 - 114,758 - - |
Fixtures and fittings £ 76,913 73,767 629 74,396 2,517 3,146 |
Motor vehicles £ 68,440 59,257 1,837 61,094 7,346 9,183 |
Totals £ 260,111 247,782 2,466 250,248 9,863 12,329 |
|---|---|---|---|---|
11. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 April 2024 Additions At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Listed investments £ 1,714,828 1,482,011 3,196,839 3,196,839 1,714,828 |
|---|---|
There were no investment assets outside the UK.
Page 8
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 12. STOCKS Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 15. MOVEMENT IN FUNDS Net movement At 1.4.24 in funds £ £ Unrestricted funds General fund 3,199,584 3,315 Restricted funds Disability Involvement Group - 4,000 TOTAL FUNDS 3,199,584 7,315 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 254,725 (280,060) Restricted funds Low Vision Support Service 36,650 (36,650) Disability Involvement Group 4,000 - 40,650 (36,650) TOTAL FUNDS 295,375 (316,710) |
2025 £ 3,600 2025 £ 120 4,404 4,524 2025 £ 4,676 3,015 3,936 11,627 Transfers between funds £ 4,000 (4,000) - Gains and losses £ 28,650 - - - 28,650 |
2024 £ 3,786 2024 £ 6,952 720 7,672 2024 £ 3,682 3,110 7,464 14,256 At 31.3.25 £ 3,206,899 - 3,206,899 Movement in funds £ 3,315 - 4,000 4,000 7,315 |
|
|---|---|---|---|
Page 9
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 2,672,072 522,700 Restricted funds Low Vision Support Service - 4,812 TOTAL FUNDS 2,672,072 527,512 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 780,509 (262,866) Restricted funds Low Vision Support Service 29,491 (24,679) TOTAL FUNDS 810,000 (287,545) A current year 12 months and prior year 12 months combined position is as Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 2,672,072 526,015 Restricted funds Low Vision Support Service - 4,812 Disability Involvement Group - 4,000 - 8,812 TOTAL FUNDS 2,672,072 534,827 |
Transfers between funds £ 4,812 (4,812) - Gains and losses £ 5,057 - 5,057 follows: Transfers between funds £ 8,812 (4,812) (4,000) (8,812) - |
At 31.3.24 £ 3,199,584 - 3,199,584 Movement in funds £ 522,700 4,812 527,512 At 31.3.25 £ 3,206,899 - - - 3,206,899 |
|---|---|---|
Page 10
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
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 £ Unrestricted funds General fund 1,035,234 Restricted funds Low Vision Support Service 66,141 Disability Involvement Group 4,000 70,141 TOTAL FUNDS 1,105,375 |
Resources expended £ (542,926) (61,329) - (61,329) (604,255) |
Gains and Movement losses in funds £ £ 33,707 526,015 - 4,812 - 4,000 - 8,812 33,707 534,827 |
|---|---|---|
16. RELATED PARTY DISCLOSURES
The remuneration of key management personnel is as follows:
Aggregate compensation: £38,100 in 2025 (£37,270 in 2024)
Other disclosures:
East Sussex Vision Care (ESVC) is the charity which coordinates services in East Sussex and comprises of Eastbourne Blind Society, East Sussex Association for Blind and Partially Sighted People and Hastings and Rother Voluntary Association for the Blind. Each of these organisations appoints trustees to ESVC and therefore some of the trustees of Eastbourne Blind Society are also trustees of ESVC. ESVC's purpose is to distribute grants from Local Authorities to the member societies to enable them to carry out the services. As such, the mutual trustees of Eastbourne Blind Society do not have control of ESVC and therefore disclosure of detailed related party transactions isn't required.
17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Gain on investments Decrease in stocks Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations |
2025 £ 7,315 2,466 (28,650) 186 3,148 (2,629) (18,164) |
2024 £ 527,512 3,083 (5,057) 3,209 (7,672) 11,255 532,330 |
|---|---|---|
Page 11
continued...
EASTBOURNE BLIND SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
18. ANALYSIS OF CASH AND CASH EQUIVALENTS
During the year it was identified that the COIF Charities Deposit fund should be treated as an investment account and not a savings bank account as it had been previously.Therefore, this set of accounts shows the transfer from cash asset to investment asset.
19. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.4.24 £ 1,475,225 1,475,225 1,475,225 |
Cash flow £ (1,471,525) (1,471,525) (1,471,525) |
At 31.3.25 £ 3,700 3,700 3,700 |
|---|---|---|---|
Page 12