**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 ACC￿jnting and Reporting by Charf(ies: Statémènt of Recommended Pr&11￿ appl￿b￿ to charitw prepatry their accounts in ￿cOrdance wth the Financial Repoiting Stsndard appl￿ble in the UK RepublK of IrelaTKI {FRS 1Q21 {eff*Tve 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 D￿AlL5 Registered Charity number 21￿18 Principal address 124142 Longsltsne Road Eastbourne East Sussex BN22 8DA Tru*ees 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 CRED￿oR5 Amounts f3lling due within one year 14 {11.627) (11.6271 (14.256) CURRENT ASs￿s 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 . Tn￿lee 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