Company registration number. N1633274 Charity registration number: 103126 Angel Eyes Nl Services (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 Baxterworld Ltd Chartered Management Accountant Unit 3 Dargan Industrial Park 60-84 Dargan Crescent Belfast BT3 9JP
Angel Eyes Nl Services Contents Reference and Administrative Details Strategic Report 2to11 Trustees, Report 12to18 Statement of Trustees, Responsibilities 17 Independent Examinerfs Report 18 statement of Financial Activities 19to20 Balance Sheet 21 Notes to the Financial Statements 22to33
Angel Eyes Nl Services Reference and Administrative Details Trustees Dr Brian Scott Michelle Bateson Mr Michael Cameron Johnston Wilson Matthews Mr Colin Higgins Naomi Nixon Shelagh Rosemary Rainey Mr Brian John Wallace Secretary Sara Mccracken Principal Office Innovation Factory Springfield Road Belfast BT12 7DG Company Registration Number N1633274 Charlty Registration Number 103126 Independent Examiner Baxterworld Ltd Chartered Management Accountsnt Unit 3 Dargan Industrial Park 60-84 Dargan Crescent Belfast BT3 9JP Page 1
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Chair's Report for Year Endlng 31 March 2024 Despite the buffeting of the external political, health. and overall financial uncertainties, Angel Eyes has had another very successful year. Total revenues for 2023-24 were 10 % higher than the previous year! Our average annual revenue increase over the past four years has been 17.70/0. This success is a tribute to the energy and expertise of Sara and her excellent team in gaining and sustaining the Irust and support of so many existing and new trusls, foundations, and individual donors. On behalf of my fellow board members, I congratulate you all! Our growing financial resources are being put to excellent use- Sara's operalional report details the extensive growth in the numbers of young people and families receiving support, and also the development of additional ways of doing so. Family support includes not only the traditional close advice and guidance through the maze of bureaucracy but also direct financial help during the recent cost of living crisis, which has impacted those with visually impaired children especially hard. Sara's team has been able to unlock more special grants for laplops and white goods, and also provide money and vouchers to meet some families. basic needs for food and heating. Support and services to families has also broken new ground in arranging financial information provision to help families cope with the ever-changing complex social welfare regulations. This assistance is also made available online. which is relatively cheap and easy for bolh sides and which ha proved very valuable to several families. We also now have more specialist eye clinicians to provide individual support when needed. This latter service is combined also with our Empatheyes virtual reality technology to inform and train both families and educational staff. As well as direct support for families Sara's team are providing a growing range of social and cultural activities for children and teenagers. The feedback from residential weekends, the annual pantomime, and other meetings and social evenls has been universally positive and welcomed. Given continuing uncertainty in government policy and whal is clearty going to be the greater financial stringency lo provide for all of children's special needs, and indeed education in general, we are stepping up our lobbying and campaigning work. The revamped website and extra social media activilies underpin the direct lobbying of politicians and senior educational officials. Alongside this work, we are developing new relationships wilh similar organisations in ROI, which have shown great interest in our virtual reality technology and teaching assistant certifications. We plan to gather comparison data for each jurisdiction to Illustrate gaps and inadequacies of NI'5 legislation and services (and vice versa). This impressive progress has been achieved by both increasing staff numbers somewhat but also, very importantly, improving management and operational efficiencie5. A new managemenvfinancial reporting system means that the activities reports from the different departments can be brought logether and assessed every month in much less time than before, thus giving everyone freedom for more productive Yrontline, work. The system also has enabled our departmental heads to take more responsibility for planning and direct operational management. This enables Sara to avoid becoming a bottleneck to further development. I cannot conclude without thanking the entire staff of Angel Eyes, all of our invaluable donors and supporters. and, of course, my fellow trustees. who are an enormous support to me in particular. Thank you all so very much. Dr Brian Scott Page 2
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Chair. Angel Eyes Nl Page 3
Angel Eyes Nl Services strategic Report for the Year Ended 31 March 2024 Chief Executives Report for Aprll 2023 - March 2024 As the CEO of Angel Eyes Nl, l am delighted to present the Annual Report for the 2023-2024 financial year. This report encapsulates our collective efforts and achievements, detsiling the significant impact we have made in supporting children with vision impairments and their families across Northern Ireland. Throughout this period, our team has worked diligently to provide essentlal services, secure crucial funding, and advocate for the rights and needs of children and young people wilh a vision impairment and their families. I want to extend my thank5 to the wonderful staff team and Board of Trustees along wilh our volunteers, partners, funders and donors. Their contributions and support make our work possible and enable us to create a more inclusive and supportive environment for children with vision impairments and their families. Sara Mccracken CEO and Founder, Angel Eyes Nl Overview This year, we focused on enhancing our operational efficiency, growing our reach, and expanding our impact. Our services have continued to grow to meet the needs of children and young people wilh a vision impainnent and their families. We now offer Education, Family and Youth Services as well as having an Eye Clinician inhouse to provide medical input for families and our staff. The following report provides a detailed account of our activities and achievements over the past year. Page 4
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Achievements and performance Education Servlces Our Education SeNice has made substantial strides this year in advocating for and supporting the educational needs of children with vision impalrments and provided much needed school support to increase knowledge and understanding of supporting vision impairment within the education seclor. Key activities and achievements Include". Family Support: The EqualEyes project provided critical support to 42 new families and continued lo assist 107 existing families. This included personalised guidance on navigating the education system, securing appropriate accommodalions. and advocating for necessary resourcas. Young People Assistance: The project supported 79 young people in accessing educational opportunities tailored to their needs, ensuring they have the tools and confidence to su¢¢eed. Specialist Accommodation: We submitted a detailed response to the Education Authority, advocating for the inclusion of specialist accommodations in schools to better equip students with vision impairmenls. This is a significant step towards inclusive education in Northern Ireland. Collaboratlons: Engaged in discussions wilh the Equality Commission regarding SEAG (Special Educational Needs Advice and Guidance) access arrangements for children with vision impairments, ensuring fair and equitsble treatment in thè education system. Eventsrrraining Teen Residential: Summer 2023. This event provided a unique opportunity for teenagers with vision impairments to build independence. socialise, and gain confidence in a supportive environment. Feedback from participants and their families has been oveTwhelmingly positive. VR Training: Delivered virtual reality IVR) training to 22 schools, enhancing teachers, ability to support children with vision impairments. This innovalive approach has proven effective in helping educators understand the challenges faced by visually impaired students and adapt their teaching methods accordingly. School Partnerships". Worked closely with both mainstream and special schools to improve the educational experience for visually impaired students. This included information on how lo adapt resources and incorporating assistive technologies to create a more inclusive learning environment. Advocacy and Support The Education Team have been instrumental in advocating for Ghildren with vision impairments- Tribunal Success: Successfully represented a family in a tribunal case, securing the necessary educational support for their child. This victory highlights the importance of legal advocacy in ensuring equal educational opportunities. Inclusion Efforts: Secured the inclusion of children with vision impairments in various school aclivities, promoting a more inclusive school culture. Eduration Advocacy: Provided ongoing support lo numerous familie5 dealing with in-school support issues and statementing, helping them navigate the Complex education system and secure the best possible outcomes for their children. Pag8 5
Angel Eyes Nl Services strategic Report for the Year Ended 31 March 2024 Training and Workshops We delivered workshop5 to 20 CA'S and 20 SNA'S as part of an innovative collaboration with Féach lo quip education Staff with the necessary skills and knowledge to support students with vision impairments effectively. Special School Partnership: Engaged in partnerships with special schools. sharing our expertise and resources to enhance the educational experiences of pupils in special schools with vision impairments. Summary Our Education Services Team have made remarkable progress this year in supporting and advocating for the educational needs of children with vision impairments. The Education Service has successfully provided vital support to numerous families, empowered young people. and advocated for necessary changes within the educational system. Through continuous advocacy, collaboration, and tailored support, we have significantly contrlbuted to creating equal educational opportunities for children with vision impairments. Family Support Servlces Key Achievements Supporting Families Over the past year, Family Support Services has made significant strides in supporting families within our community. We have secured funding for the next 5 years lo provide comprehensive family support Ihroughout Northern Ireland. We achieved a record high of supporting 112 new family referrals and continued providing ongoing support to 346 existing familie5. Our efforts were boostad by securing funding for the SpecialEyes project, which will commenced in November 2023. Financial As515tance In response to the observed impact of the cost-of-living crisis on families, we proactively implemented a series of strategies to provide support to families in Northern Ireland with visually impaired children. Recognising the heightened financial pressures these families face, we prioritised identifying and addressing their specific needs. W8 processed a total of 316 applications for financial assistance which included laptops which helped children in Ihe education as well as social inlera¢tions. Additionally. we secured granls for food and fuel as well as funding to provide essential white goods through the Emergency Essentials funding scheme. Our team expanded with new staff members, allowing u5 to extend our reach and enhance service delivery. We also conducted 6 home visits and hosted 8 family events, with a total attendance of 670 individuals. The inclusive Christmas Panlo hosted al the Lisburn Art5 centre was a highlight. with 487 attendees enjowng memorable show! Page 6
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 We have collaborated with Employers for Childcare to deliver financial workshops, addressing changes in Family Tax Credits and Universal Credit, ensuring families are well-informed and supported through these transitions. Paga 7
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Summary This year, Family Support Services has significantly impacted our community by providing essential 5eNices including training and financial assistance. With the addition of our home visits serviGe we are able to provide tailored support for our most vulnerablé children and families. Youth Services Angel Eyes Nl's Youth Service was established in August 2023 to engage with teens and young people with vision impairment to address their issues. From focus groups we learned that they felt isolated and embarrassed of their vlsion impairment which was compounded by challenges such as not being able to drive and requiring assistive technology. leading to feelings of isolation and misunderstandin9. Angel Eyes Nl has recruited a Youth Advocate to focus on the emotional weS1-belng of these teens, to promote inclusion in school activities and to help develop meaningful strategies to overcome anxiely. Key Achievements and Actlvltles One to One Support and Advocacy: Registered 44 young people across Northem Ireland, providing them with ongoing support. Accessible Activities: Delivered six events, including: Mental health support workshop Two Bowling and Pizza nights Employment rights session with Labour Relations Agency Education rights workshop with Children's Law Centre Participation in All Party Working Group and Youth Forum at stormont Peer Network Development". Established closed Facebook and WhatsApp groups for young people (12 members) and parents (80 members) to facilitate communication and co-design events. Young People Committee to co design project and discuss project goals and activities. Resource Database: We have developed a comprehensive database of services and supports, including grants for education. which will be available on our new website launching in July 2024. Page 8
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Resource Database: We have developed a comprehensive database of services and supports, including grants for education. which will be avallable on our new website launching in July 2024. Stakeholder Engagement: Engaged four young people in All Parly Groups for Youth Participation and Mentsl Health, contributing to policy discussions and advocacy efforts. Collaborated with the Children's Law Centre to present findings to the All Paty Working Group for Mental Health. The Youth Service has made significant progress in supporting visually impaired youth, emphasising the importance of independence and communily engagement. Clinical Servlces Established in 2021 this service continues to support both parents and professionals around understanding the impact of visual impairment. Primarily Ihis service, headed up by an eye clinician delivers training on eye conditions, understanding clinical information and working with Ihe whole Angel Eyes Nl team to develop training sessions that are effective and meaningful. The Clinician uses the Empatheyes Virtual Reality software to demonstrate and explain eye conditions. Key Achievements: Delivered 29 VR parent session for 83 family members Delivered along wilh the Education Team 22 school sessions to over 250 education staff Delivered 8 VR sessions for stakeholders and partners. Developed school Iraining resources. Delivered VR Tralning sessions to Centre for Public Health as part of the Wellness Week at QUB. Organisational Development HR and Team Structure Welcomed HR consultants Beyond HR for recruitment and policy review. Created a new Senior Management Team Implemented regular one-on-one meetings for staff and introduced flexlble working arrangements to support work-life balance. Conducted Live Well Work Well health checks, promoting staff well-being. Page 9
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 IT and Cybersecurity Transitioned to a fully managed IT support service with Precept IT, enhancing data securily and staff training. Implemented Microsoft 365 backup servlces and Bitdefender for robust cybersecurity measures. Publlc Relations and Medla Coverage As part of our strategy we have implemented a Communications Plan and as a result have seen a significant increase in Ihe followers acros5 all social media platforms. Secured significant media coverage on Good Morning Ulster. Radio 5 Live, and BBC World Health SeNice, raising awareness of our VR initialives. Participated in international conferences and events. expanding our neOrk and influence. Continued to issue a quarterly Ezine for familles and stakeholders. Conclusion The past year has been marked by growth, resilience, and firm commitment to our mission. The achievements outlined in this report reflect the commitment of the team, the support of our partners, and the trust of the families and children we support. As we look ahead, we will focus on continuing to grow and refine our services to meet the needs of our families. Being cognisant of the current financial climate we will continue to seek out individual grants for our families in need and strive to secure sustainable funding. We will as always continue to keep the needs of children with vision impairments at the heart of everything we do. Thank you to all our children, families. volunteers, partners and stakeholders for your continued support and engagement with Angel Eyes Nl. With your support we are determined lo continue to make a positive impact on the lives of childn and families aGross Northern Ireland. Page 10
Angel Eyes Nl Services Strategic Report for the Year Ended 31 March 2024 Flnancial review Income in the year was £371,903 and expenditure totalled £308,427 giving a surplus of £63,476. Total funds held at 31st March 2024 were £184,374. £45,951 of the total funds are restricted and are not available for the general purp05e5 of the charily at the end of the reporling period. Designated reserves total £85,000 and Unrestricted reserves total £53,423 at the close of the period. Pollcy on reserves Angel Eyes Nl servIs maintains a prudent level of reserves to enable the organsation to manage financial risk and deliver on our commitments. The objective is that Ihe organisation would be able lo carry on its work. even if faced with a combination of difficult circumstances, and have the time to adjust its strategy to meet Ihese changing circumstances. Our reserves policy is set Iherefore to ensure that there is not disruption to our services at short notice. due to a lack of funds, an unforeseen reduction in income or an increase in expendilure, whicle at the same lime ensuring that reserves are no higher than necessary and not retained longer than required. This gives time in Ihe event of a drop in funding, to seek alternative funds, restructure and cul costs whilst continuing to provide current services. The charity's policy is to retain a level of free reserves, which matches the needs of the organisation, both at the current time and in the foreseeable future. The feseNes required should be sufficient to meel commilted granl expenditure, personnel and overheads for a period equivalent to three months annual expenditure. The charity will continue to monilor compliance wilh Ihis policy on a regular basis and the Board of Directors wll review the appropriateness of the policy annually. At year ended 31 st March 2024 free reserves available amounted to the equivalent of just over 2 months, annual expenditure. The strategic report was approved by the trustees of the charity on 29 October 2024 and signed on its behalf by: Wilson Matthews Trustee Page11
Angel Eyes Nl Services Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial ststements of the charitable company for the year ended 31 March 2024. Objective5 and activitie5 Objects and aims Our Vision is that every blind and partially sighted child and young person will have equal access to everything they need lo flourish (in society). Through engagement with blind and partially sighted children and thelr families, and stakeholders we will inform, empower, and educate to bring about change, build confidence, knowledge, and skills for families and professionals. Our mission is to create a fully inclusive society for ¢hildren and young people who are blind and partially sighted so they can achieve their dreams, aspirations and full potential. Page 12
Angel Eyes Nl Services Trustees. Report The core values of Angel Eyes Angel Eyes ha5 grown in the past thirteen years and remained in touch with its core values which are at the heart of the organisation and form the basis for our strategic direction. Our core values are: . Knowledge We empower families with infomiation and skills to raise aspirations and make infonned choices for their child. Inclusion We work to Identify and remove barriers to accessibility and inclusion and campaign for the rights of blind and partially sighted children. Empathy and Understanding We have lived experience in our team which is at the heart of all the support we deliver to families and their child. We have travelled the same road and understand the highs and lows of bringing up a child with a visual impairment. Creating Change We are passionate about creating innovate solutions, and where appropriate collaboraling to overcome barriers to make a positive impact on the lives of blind and partially sighted childn. Welcome to our Strategic Plan 2023 - 2026 This document summarises the Angel Eyes Nl strategy for 2023 2026. The strategy builds on the last three years, growth and achievements. In seeking to achieve our strategic priorities. it is very important to us that we continue to focus on our existing vision, mission and core values and maintain the Angel Eyes ethos which we believe reflects those values. Our Strategic Objectives are: 1. All children and young people who are blind or partially sighted in Northern Ireland, will have equal access lo education. 2. All families with a child who is blind or partially sighted in Nl will have access to the services and support they require to bring up and support their child. 3. All children and young people who are blind or partially sighted in Nl will have equal opportunity to accessible clubs and activities. 4. Angel Eyes will raise awareness of the needs of children and young people who are blind or partially sighted in Nl by enabling them to have access to policy makers and legislators. 5. Angel Eyes will be recognised as an organisation that specialises in creating positive change for children and young people who are blind or partially sighted in Nl. based on their needs and challenges. Vision, Mission, and Core Values Our Vision: All children and young people who are blind or partially sighted in Northern Ireland will have equal access to everything Ihey need to flourish. Our Mission: Through engagement with children and young people who are blind or partially sighted, their families, and relevant stakeholders, we will Advocate. Educate, Navigate. and Innovate, to bring about positive change and build confidence, knowledge, and skills. Angel Eyes will contribute to the creation of a fully inclusive society for children and young people who are blind and partially sighted so they Can achieve their dreams, aspirations. and full potenllal. Page 13
Angel Eyes Nl Services Trustees. Report It is important to us to remain transparent in all our work, and we seek, therefore, to protect our independence by only accepting funding and investment from those organisations which are supportive of our aims and of how we operate. Public beneflt Purpose 1: To provide or assist in the provision of facilities in the interests of social welfare which improve the conditions of life of blind and partially sighted children and young people and their families in Northem Ireland. Benefit- The benefit which flows from this purpose is reduced stress, improved family life and individual wellbeing for the parents, carers and families of children and young people who are blind or partially sighted and increased ease of access and efficiency to supports and services for those hildren and young people so that they may reach their full potential resulting in alleviation of anxiety and stress. How Benefit is evidenced- This will be demonstraled through use of a database held with details of parents, carers and their children which enables regular contact, feedback and surveys. It will be demonstrated through the use of evaluation forms with families. It is demonstrated through active collaboration and partnership working with statutory bodies. agencies and the voluntary sector. Harm: This purpose does not lead to harm. Public Element.. The beneficiaries of this purpose are blind and partially sighted children and young people and Iheir families and carers in Northern Ireland. Private Benefit: Charity Trustees may include parents of blind or partially sighted children and young people and hence gain benefil in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries. Purpose 2: To provide and assist in the provision of facilities in the interests of recreation and leisure time occupation of blind and partially sighted children and young people and their families in Northem Ireland. Benefit The benefits which flow from this purpose are fully accessible holidays, recreational and educational activities with supports to enable increased participation of blind and partially sighted children and young people leading to improved family life, feelings of individual wellbeing and self-worth. How Benefit is evidenced.. This is demonstrated by feedback and records relating to organised event5. It is demonstrated by the extension of recreation and leisure tim8 Opportunities available through collaboration with a range of partners within the voluntary sector. Harm: This purpose does not lead to hami. Public Element.. The beneficiaries of Ihis purpose are blind and partially sighled Ghildren and young people and their families and carers in Northern Ireland. Private Benefit.. Two of the Charity Twstees are parenls of blind or partially sighted children and young people and hence gain benefit in the same way as all other beneficiaries. This benefit is incidental and necessary to ensure the benefit is provided to all beneficiaries. The trustees Confirm that they have complied wilh the reqLtiremenls of section 3 of the Charities Act (Northem Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Page 14
Angel Eyes Nl Services Trustees. Report structure, governance and management Nature of governing document Angel Eyes Nl Services is company limited by guarantee and controlled by its Memorandum and Articles. It is registered as a Charity with the Charities Commisslon for Nl. The organisation Is run by a Board of skilled individuals including two parents of visually impaired children. They are passionate and dedicated individuals who meet on a quarterly basis. It is responsible for the strategic direction of the organisation and oversees the management of the organisalion. The day-to4ay manangement and operation of activities are carried out by a staff team, led by the CEO who reports to the board. Directors are appointed according to the specific skills required by the organisation to fulfil its, responsibilities and are ratified on a yearly basis at the AGM. In the year ended March 2024, Angel Eyes Nl Services employs a Chief Executive, a full time and part time Education Advocate, two part-time Family Support Coordinators, a part time Eye Clinician and a part time administrator. Recruitment and appointment of trustees It is an underpinning requirement that members of the management board have commitment to and an understanding of the elhos, aims and values of Angel Eyes Nl SeNices. Specific skills may be required and with this in mind, new board members are attracted by advertising on digital platforms and by word of mouth. The new potential member is then invited to attend the next board meeting to observe and will become a full board member if co-opted by the board at that time and then elected at the next AGM. Induction and tralnlng of trustees There is an induction pack which includes roles and responsibililies for new board members. A training and induction programme is also put in place. Financial instruments Objectives and pollcles The charitvs activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity rlsk. Cash flow risk The Gharity's activities expose it primarily to the financial risks of reduced funding from grant making bodies. Fundraising activities and donations are crucial to the CharItS cash flow. Credit risk The charity's principal financial assets are bank balances and Cash, trade and other receivables. The charity's credil risk is primarily attributable to its trade receivables. Thè amounts presented in the balance sheet are net of allowances for doubtful receivables. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by intemational credit-rating agencies. The charity has no significanl concentration of credit risk Page 15
Angel Eyes Nl Services Trustees, Report Liquidity risk In order to maintain liquidity lo ensure Ihat sufficient funds are available for ongoing operations and future developments, the charity regulary reviews funding sources to ensure sufficient cash flows are available for current projects. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. The annual report was approved by the trustees of the charity on 29 October 2024 and signed on its behalf by.. Wilson Matthews Trustee Page 16
Angel Eyes Nl Services Statement of Trustees. Responsibilities The trustees (who are also the directors of Angel Eyes Nl Services for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance wilh the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the Irustees must not approve the financial stalements unless they are satisfied that thel give a true and fair view of the state of affairs OT thL' cnaritable company and of its incoming resourcps and application of resources, induding its income and expenditure, for that period. In preparing these financial statements, the trustees are required to-. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companls transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 29 October 2024 and signed on its behalf by: Wilson Matthews Trustee Page 17
Angel Eyes Nl Services Independent Examiner's Report to the trustees of Angel Eyes Nl Services I report on the accounts of the Gharity for the year ended 31 March 2024 which are set out on pages 19to33 Respectlve responsibilitles of trustees and examiner The trustees (who arè also the directors of the company for the purposes of company law) aré responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the 2008 Act) and Ihat an independent examination is needèd. The charity's gross income exceeded £100,000 and l am qualified to undertake the examination by being a qualified member of CIMA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to.. examine the accounts under section 65 of the 2008 Act. to follow the procedures laid down in Ihe general Directions given by the Charity Commission under section 65{9){b) of the 2008 Act; and to state whelher particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance wilh the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the ststement below. Independent examiner's statement In connection with my examinalion, no matter has come to my attention: (1)which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ¢/-,,/- Catherine McRory MA CGMA Chartered Management Accountant CIMA Unit 3 Dargan Industrial Park 60-84 Dargan Crescent Belfast BT3 9JP 29 October 2024 Page 18
Angel Eyes Nl Services Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Investment income Other income 107,138 349 5,250 259,166 366,304 349 5.250 274,402 170 5,000 Total Income 112,737 259,166 371.903 279,572 Expenditure on: Raising funds Charitable activities (1,074} 64,959) {10) 242,384 (1,084) 307,343 (195) 281,594 Total Expenditure 66,033 242.394 308,427 281.789 Net incomel(expenditure) Transfers between funds 46,704 (6,075) 16,772 6,075 63,476 {2,217) Net movement in funds 40,629 22,847 63.476 12,2171 Reconciliation of funds Total funds brought forward 97,795 23,103 120,898 123,114 Total funds Caled fOard 15 138,424 45.950 Unrestricted funds 184,374 Restricted funds 120,897 Total 2023 2023 Year Note Income and Endowments from: Donations and legacies Investment income Other income 31,602 170 5,000 242,800 274,402 170 5,000 Total Income 36,772 242.800 279.572 Expenditure on: Raising funds Charitable activities (195) (12,445) (195) (281.594) (269.149) Total Expenditure (12,640) {269,149) 281.789) Net incomel(expenditure) Transfers between funds 24,132 1,610 (26,349) 1,610 {2,217) Net movemenl in funds 25.742 {27,959) 12.2171 Reconciliation of funds Total funds brought forward Total funds carried forward 72.053 51,061 123.114 97,795 23,102 120,897 Page 19
Angel Eyes Nl Services Statement of Financial Activities for the Year Ended 31 MarGh 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) All of the charity's activities derive from continuing operations during the above Iwo periods. The funds breakdown for 2024 and 2023 are shown in note 15. Page 20
Angel Eyes Nl Services (Registration number: N1633274) Balance Sheet as at 31 March 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 12 63,683 173,366 43,561 110.538 237,049 154,099 Credltors: Amounts falling due within one year Net assets 13 (52,675 33.202) 120,897 184.374 Funds of the charlty: Restricted funds 45,951 23,101 Unrestricted Income funds Unrestricted funds 138,423 97,797 Total funds 15 184,374 120,898 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Direc.tors' rasponsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476-, and The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 19 to 33 were approved by the trustees, and authorised for issue on 29 October 2024 and signed on their behalf by.. Wilson Matthews Trustee Page 21
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity status The charity is a charity limited by guarantee and consequently does not have share capital. Each of the Irustee5 is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accountlng estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with A¢counting and Reporting by Charities: Statement of Recommended Practice applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2015} - (Charities SORP (FRS 102}). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Basis of preparation Angel Eye5 NE Services meets the definition of a public benefjt entity under FRS 102. Assets and liabilities are initially recognised at historiGal Gost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assels held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these finanGial statements. Incorne and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donatlons and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Gharity before the charity is entitled to the funds, the income is deferred and not recogni5ed until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Page 22
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and Included on the balance sheet as deferred income to be released. Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These are costs incurred in attracting voluntary income, the managemenl of investments and those incurred in trading aclivities that raise funds. Charltable activltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis Consistenl with the use of resources, for example, allocating property costs by floor areas, or per capita, staff cost5 by the time spent and other costs by their usage. Governance costs These inGlude the costs attributable to the Gharitls compliance with constitutional and statutory requirements, including audit, strategic management and trustees's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definilion of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 23
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade deblors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest melhod, less provision for impairment. A provision for the impairment of trade debtors is established when Ihere is objeclive evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly Ilquid investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabililies if the charity does not have an uncondilional right, at the end of the reporting period, to defer settlement of thè creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve monlhs after the reporting date. they are presented as non-current Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowin9. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the Irustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which 15 restricted to that area or purpose. Pa9e 24
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 Financial instruments Classillcation Financial assets and financial liabilities are recognised when the charity becomes a party to the ontractual provisions of the instnjment. Financial liabilities and equity inslruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. ReGognltlon and measurement All financial assets and liabilities are initially measured at transaction price {including transaction costs). except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally Ihe transaction pri excluding transaction costs}, unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Gharily intends either to settle on a net basis. or to realise Ihe asset and seltle the liability simultaneously. Financial assets are derecognised when and only when a) the contraclual rights to the cash flows from the financial asset expire or are settled. b) the charily transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity. despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities ar8 derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably. investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief. cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Fair value measurement The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an idenlical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If Ihe market is not active and recent transaGtion5 of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. Page 25
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donations and legacies Unrestrlcted funds Restricted funds Total 2024 Total 2023 General Donations and legacies; Donations from individuals Gift aid reclaimed Grants, including capital grants; Granls from other charities 34,138 1,000 35,138 31,224 378 73.000 258,166 331,166 242,800 274,402 107,138 259,166 366,304 4 Investment income Unrestricted funds Total 2024 Total 2023 General Interest receivable and similar income: Interest receivable on bank deposits 349 349 170 5 Other income Unrestricted funds Total 2024 Total 2023 General other Income 5.250 5,250 5.000 6 Expenditure on raising funds a} Costs of generating donations and legacies Note Total 2023 Total 2024 Dlrect costs Costs of generating donations and legacies 1,084 1.084 195 Page 26
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 7 Expenditure on charitsble activities Unrestricted funds Restricted funds Total 2024 Total 2023 Designated General Noto Support for visually impaired children Slaff costs Allocated support costs Governance costs 10,361 42.302 60,056 182,194 70,417 233,098 73,457 204,117 8,602 2,659 1,035 56,357 134 2.793 1.035 2,100 1,920 8,602 242,384 307,343 281.594 £48.943 (2023 - £37.481) of the above expenditure was attributable to unrestrided funds and £258,449 (2023- £242,192) to restricted funds. 8 Analysis of governance and support costs Governance costs Unrestricted funds Total 2024 Total 2023 General Independent examiner fees Examination of the financial statements 1,035 1,035 1,920 1,035 1,035 1,920 9 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durlng the year were: Wages and salaries Social security costs Pension costs Other staff costs 196,137 17,476 7.862 11,623 233,098 176,015 16,276 7,282 4,544 204,117 Page 27
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows: 2024 2023 Front Line staff Management No employee received emoluments of more than £60,000 during the year. 10 Independent examinerfs remuneration 2024 2023 Examination of the financial statements 1,035 1,920 Page 28
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 11 Taxation The charity is a registered charity and is therefore exempt from taxation. 12 Debtors 2024 2023 Trade debtors Prepaymenls Other debtors 63.275 41.880 1,681 408 63,683 43,561 13 Creditors: amounts falling due wlthin one year 2024 2023 Trade creditors other laxation and social security Other creditors Accruals 629 3,900 47,426 720 8,027 4.507 18,748 1,920 52.675 33.202 14 Penslon and other schemes Defined contribution penslon scheme The charily operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £7,862 {2023 £7.283). Page 29
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 15 Funds Balance at 1 April 2023 Balance at 31 March 2024 Incomlng Resources resources expended Transfers Unrestricted funds General Unrestricted Funds 56,506 112,737 (57.432> (58,388) 53,423 Designated Unfunded Salary Reserve Des Res Consultancy Costs Redundancy Reserve Running costs reserve 37.063 4,228 (8,603) (13,460) (4.228) 20,000 50,000 15,000 20,000 50,000 41,291 8.603 52,312 85,000 Total Unrestricted funds 97,797 66.035 6,076 112,737 138.423 Restricted funds AENI Crisis Fund Will Charitable Trust Cash for Kids Dept of Foreign Affairs- Share Ireland Civic Fund Education Insight (TPT) National Lottery- Equal Eyes Eyedenlity HSF-VR Hospital Saturday Fund BBC CIN- InTune (Open Arts) LFT CRM & Comms Panlo Parent Support Worker (ARN Foundation} Parents Conference Residential 2023 SEE Project SpecialEyes Empatheyes 1,250 1,250 1,873 (5,065) (3,000) 3.192 3.000 8,324 (5,779) 2.545 653 (653) 4.254 2.826 90.818 36.264 4,500 (88.053) 136,194) (4,472) (2,260) 7,019 2,896 (28) 2,260 48 4,480 2,350 (117) (2.780) (2,253) 69 1,790 211 3.490 308 {2,529) {184) {10,6791 {20,080) {43,484) 15.464) 2,529 (478) 1,445 662 9,234 44.992 47.015 15.464 24.912 3,531 Total restricted funds 23,101 259,167 1242.393) 6.076 45.951 Page 30
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 1 April 2023 Balance at 31 March 2024 Incoming Resources resources expended Transfers Total funds 120,898 371.904 308,428) 184,374 Page 31
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 1 April 2022 Balance at 31 March 2023 Incoming Resources resources expended Transfers Unrestricted funds General Arn Foundation - Family Support Unrestricted Funds 30,000 36,772 66,772 (26,907) (10,769 (37,676 (3,093) 11,890 (14,983 42,393 56.506 56,506 42,393 Deslgnated Unfvnded Salary ReseNe Des Res Consultancy Costs 29,660 (1,870) 9.273 4,228 37.063 4,228 29,660 1,870) 13.501 41.291 Total unrestricted funds 72,053 39,546 1,482 97,797 Restricted funds AREYES A4A Will Charilable Trust Education Insight (TPTI National Lottery- Equal Eyes Eyedentity Halifax Hospital Saturday Fund BBC CIN - InTune (Open Arts) LFT CRM & Comms Belfast Associalion for the Blind Panlo Residential 2023 National Lottery Community Fund (Visual Eyes) Empalheyes Liberty IT VR Project 9,894 (9.918> {26,127) 120,899) 24 28.000 1.873 653 21,552 1,378 83.962 36.263 (81.086) (33,437) (4,603) (7,7401 4,254 2,826 4,533 70 10.000 2.260 10,516 4,480 {11,425} {2,690) 909 1,790 2.000 (2,000) (1,789) (750) 2.000 9.984 211 9.234 15,150 1.155 17.121 4,550 (16,305) (17,121) {4,550 Total restricted funds 51,061 211,477 240.440 1,003 23.101 Total funds 123,114 278,249 279.986) (479) 120,898 Page 32
Angel Eyes Nl Services Notes to the Financial Statements for the Year Ended 31 March 2024 16 Analysis of net assets between funds Unrestricted funds Restricted funds General Deslgnated Total funds Current assets Currènt liabilitie5 106,098 (52,675 53,423 85,000 45,951 237.049 52,6751 184,374 Total net assets 85,000 45,951 Page 33