Eye Opportunity Group EYE OPPORTUNITY GROUP Charity number 287907 FINANCIAL STATEMENTS FOR THE YEAR ENEDED 31 MARCH 2024 MARSH ACCOUNTANCY 67 GARDENERS ROAD DEBENHAM STOWMARK SUFFOLK IP14 6RX Eye Opportunity Group Index to the Financial Statements For the year ended 31 March 2024 Trustees Annual Rewrt Independent Examlnerfs Report Statement of Financial Artivities Balance Sheet Notes Eye Opportunlty Group Trustees Annual Report For the year ended 31 Marth 2024 The committee comprisingthe Trustees subrnits its report and the financial statements foT the year ended 31" March 2024. Goveman¢e The charity is reglstered by the Charity Commission for England and Wales, registration number 287907. The charltvs objects and rules are as set out in its Constitution adopted 12 Novembei 2CMJ9 having previously been adopted in June 1983, as amended 5 September 1983, 5 December 1990, 7 November 2002, 5, Au8USt 2(KJ3 and 12 November 2CI)9, as amended on 7th February 2023. The commlttee meets regularly to review and oversee the charrivs polScy management and 5tstutory and rinancial busines& It comprises the principal officers Ichaimian, Secretary and Treasurer) and no less than 4 and no more than 9 other members. The committee has power to Co-opt up to 3 further members with special knowled8e, experience or interest appropriate to the char￿5 aims and obiectlves. No officers may be elerted for a sixth consecutive year In the sarne w5t. The members and offlcers of the committee durlng the year were. Laura Chapman- Chair Brldget Hltchman- Treasurer Jane Bri8ht- Secretary Jane Scott Anna Chambers Kelly Ronan Eleanore Gar4¥00d Carollne 8oama Charltsblo Alms and Objertlves The group Is established to provide safe and satisfying gn)up playfor the advancement of edutation and development of chlldren. It provldes a supportlve environment for chlldren wlth addltlonal needs and thelr families. The group also provldes a day care settin8 and offers support to families and carers in the local community and surrounding areas. FIna￿la1 Statements The financial statements are drawn up Sn accordance wtth the tharws constitutlon and all statutory requlrements. A surplus of recelpts over payments of £36.574 (2023: deficlt £2,890) was reallsed for the year. At the year*nd total funds were £95,69012023.. £59,116). Res¢r¥es Ptsllcv The charlty endeavours to malntaln unrestricted reserves equatlng to £ 30.LKKJ to cover the cost of closlngthe charity should this sStuatlon arlse or relocating to a new ￿te. This reserve indudes funds for ststutory redundancy and notice payments for staff. Approved by the committee and slgn on its behalf bv Chaimian Treasurer A,1 IL,likbMa Date.. Date: I C//ARfflAd INDEPENDENT EXAMINER'S REpoKf TO THE TRUSTEES I report on the accounts of the Eye Opportunty Group for the ￿ar ended 31 March 2024 which are set out on pages 34. Respertlve respofislbllttles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charl￿S trustees consider that an audit is not requlred for the year under sertion 114 of the chariti"e5 Act 2011 Ithe CharIt￿S Act) and that an independent examination is needed. It Is my responsibility to: Examlne the flnanclal statements under section 145 of the Charities Act: To follow the procedures laid down in the General Direttions glven by the Charfty Commissioners (under sectlon 14515llbl of the Charfties Artl. and To state whether partlcular matters have Come to my attentlon. 8asls of Indep•nd•nt •xamlnerfs report My examination was carried out in èccordance wlth the General Directlons 8fven by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charlty and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual Items or dlsclosures In the accounts and seeklng explanatlons for you as trustees contemlng such matters. The procedures undertaken do not provide all the evldence that would be requlred In an audSt and the report Is limited to those matters set out in the statement below. Independent Examlnerfs ststement In connertlon wlth my examlnatlon, no matter has come to my attention.. Whlch 8lves reasonable cause to believe that in any material respert the requirements To keep accounting records in accordance wrth Section 130 of the Charitles Act and o To prepare accounts which accord with the accounting records and o To comply wlth the accourrtln8 requirements of the Chèrltles Act have not been meL or To whlch. In my oplnlon, attentlon should be drawn Sn order to enable proper understandlng of the accounts to be reached. Rachel Marsh FMAAT Marsh Accountancy 67 Gardeners Road Debenham Suffolk IP14 6RX Date.. 08 November 2024 Eye Opportunity Group Statsment of Flnanclal Artl¥ltles For the Year Ended 31 March 2024 Totsl FuNIs Toi•l Fund5 Fub R•sourus Incomln8 resources from generattdlunds.. ActIv￿leS for8eneratlngfvnd5 Fundral$lnÉ & donot10Th5 Investment Income Gfft Ald fundln8 Incomlng resources Iram and fun¢1Tr4 2M12 223 2.042 22.319 Bl8 1.437 6,696 109 1,341 38,670 59A128 6?￿75 rotsl Incomlry r*￿1<1$ 59m• 93K63 2Y 4,785.66 567.76 275.46 81.((1 39m8 43.814 40.966 558 154 Employers P¢Thslon contrlbutlo Postage A ststlonery Artfvltles. tdps & tyJllw5 eat & 118ht Trnlnlni & Subscrfp￿OfiS Toys & Rent & R•te5 Replrs & malntenant• In5ur3nce IlofrKhments Tele￿0￿¢ & tsrDadb￿d Genernl Runnlng Costs Independent Ex•mlTrprfs F¢e Payroll fees Deweclatlon 275 81 1,432 sio 85 Ih32.29 sio.{ 2,768A4 2,091.92 1x154.24 40J.04 459.09 735.51 1,108 2.769 2,092 1.054 403 772 2.187 370 467 376 662 252 300 375 2.523 51,144 459 736 29J.46 3Q) 1.396 56,479 L396 17MSI 39,018 16574 36,574 l U901 Net m￿eMt￿t In lunds 14574 36.574 I2￿0} Tot•1 fvhd5 brought foThvard 59.116 59,116 62.CQ6 Tot*1 fun& arrf•dfonv4rd 75.6x1 95,690 S9.116 Eye Opportunlty Group Balance Sheet As at 31 March 2024 31 M•rth 2024 31 Marth IOZ3 Equlprnent 3242 3.242 4.638 Debtors and prepayments Cuh at bonk •nd kn h•hd: 8ank current account Bank Base Rate Tracker arwjnt Cash In hand IL629 81.034 11,629 Bl.034 85 4,422 50.216 140 92.748 92,748 54.778 Cwrek71 M*bllbll•s Cred￿Or$.. amounts hUIv8due witlNn o￿Vear 3¢XI Ntt curreni assets 92.448 92,448 54,478 Totsl net asse 95,690 59.116 Unrestrftted funds 95,690 59.116 Aestrirted lunds 9&690 95MO Sg,116 Approved bythetrusttts 011 243 •nd $4rnd on bts bÈh•Wbv.' e/lwa BR ID61IT ANN HITGHM4 Tiithe Eye Opportunity Group Noi•s to the Fln3ndal Statements For the Year Ended 31 March 2024 l. AccountlnB pollcles A￿O￿tIry con¥entlon These accounts have been prepared under the histo￿¢ cost convention and in accordante with the Financial Reporting standard for Smaller Entities leffettl¥e Aprfjl 2[￿91. In preparin8 the flnaficlal statements the charity follow besi practite as laid down In the Statement of Recommended PrattltÈ"Ac£ountln8 and Reportin8 by Charitles" ISORP 2(XJSI used In Marth 2CI)5. Gr•Dty donrtlon5 and fundr•ls1 Income Is received by wayof grants. donations and fvTrdfalsSng aCtI￿tIeS. which are included In full in the statement of flnanclal attltdftles a5 SOOD as the charity has entstl¢ment to the income. there is certslnty of re￿Ipt and the amount Is quantitiable. In¥e5tm•nt Incom• Bank Intérest Is included In the statement of finandal artivltyes as ￿ bec0n￿S due. R•sourrns ejtpend All expendlture.. Including the purchase of toys and equiprnen¢ is induded ir* the statement of flnandal actiwtles, as soon as the obll8ation arises. Funds The charlty malntalns 7Arfous types of funds as fdlm.. Unrestrfctedjunds represent unrestrlcted ItKome T*thlth Is expendable at the dlscretlon of thetrustee5 in fvrtherance of the objertlves of the charlty. Rtstrktedlunds represent donatlons and yants recew whlth are all￿*t￿ bythe donorfor a spedflc purp)se. Flxed ¥$5ets The depreclatlrm rates used are as fdlows.. Equlpment 20% strai8ht Ilne method. 2. stsff em01um￿ts 31 Mir¢h21124 31 1023 Sa13rlÈs Employers Pension Contrfbutior¢s 43￿14 558 44,381 41,524 Aver38e number o*fiJll time equlvalent employees No employee eamed more than £fA).(Th) In the year. No remuneration or expenses were paid to trustees in the year. Eye Opportunity Group Notes tothe Fln*yclal 5tatThnts{rnnltsN*dl Forthe Ye•r Ended 31 Marth 2024 3. Fl¥ed Assets Equlpn•ft Total At l Aprll 2023 Addltlons 9.761 9.761 At 31 Marth 2024 9.761 9.761 Depreclatlon At l Aprll 2023 Charge for the year 5.122 1,396 5.122 1.396 At 31 March 2024 6.519 6.519 N•1 At 31 March 2024 At 31 March 2023 4. Oel)tors and prep•yments There were no debtors at 31 March 202412023'.£nlll. S. CMdltt)rs: lmoutslalll￿ wthln yew 31 M*wth 21114 31 P41arth 2021 PAYE credltor Accruals Eye Opportunity Group Notes to the Flnandal StstemeTrts {c4JnthW￿j For the Year Ended 31 Mwth 2024 6. Restrfrted fund% B•l•n¢e al i Balance It 31 Funds tr•nsfer Mar¢h Z4 BBC Chlldren in Need Local Glvln8 Ltd Imaglt Llitle GTrntsl Maln Grants Masonlc CharitobleTrust Mid Suffolk Distrlrt Counc51 SCCAPORS Actlvltles Unllmtted St james. Place Foundatlon Suffolk Communlty Foundatlon Suffolk Givlng Fund io,(LKJ io,c 50) io.( 4,028 lo.￿} 4.028 20.LUI 20.(KQ 59,028 B8C Chlldr•n In NtÈd - fvnds PrO￿ded fof runnlns costs Local Glvln8 Ltd Imaglc Ltttle Grants) - fvnds pr¢)¥4ded for equlpmert Maln Grants - funds pr￿ded for running costs Masonic Charltable Trust -lunds prowlded for nJnnln8 Costs Mld Suffolk Dlstrfct Coundl - fithds provlded for njnnlni cosis In 2024n5 SCCAPORS Artivities Unlimtted - fvnds provided for rnnAlng costs Stlames, Place Foundatlon - funds provlded for runnln8 costs Suffolk Communlty Foundatlon - fvnds provlded runnlni ¢osts Suffolk Glvlng Fund - funds provided ts wnninl costs 7. T•¥atlon The playgrovp Is a re8lstered charlty and does not tradefortax purposes. It15 not liable to CQTporatlon ts¥ on Its Sbjrplus.