2023-12-31-accounts

Forslght Ltd (Company limlted by Guarantee) DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Forsight Ltd (Company Ilmited by Guarantse) CONTENTS Pago Company Infomation Directors, report Directors, Responsibilities Statement Independent Auditors, report 7-12 Statement of Comprehensive Income 13 Balance she8t 14 Cash ftow statement 15 Notes to the financial statements 18- 24

Forsight Ltd COMPANY INFORMATION Directors Malachy O'connor Fiona Guest (Appointed 1010212024) Jacques H8nry-BezylAppointed 1010212024) Patricia Kane {Appointed 1510312024) John Leech {Appointed 10102120241 Shane McArdle {Appointed 10102120241 Stephanie Walsh (Appointed 10102120241 Declan Delanty. (Resigned 12107120241 Pat Hughes (Resigned 01101120231 lan Logan {Resigned 1011112023) Nicole O'Brien (Resigned 2110212023) Yvonne Quinn IR8signed 2010212023) Rachel Waite (Resigned 20102120231 Company numb8r N1674129 Regi8t•red officè Vidoria House, Gloucester Street, Belfast. Northern Ireland Audltor8 Grant Thomlon, Chartered Accountants and Slatulory Audit Fimi. Penrose One, Penrose Dock, Cork. Sollcltors Arthur Cox, Victoria House, Gloucester Street, Belfast, Northern Ireland Bankern Bank of Ireland UK, 141 Main Street. Lisnaskea, Enniskillen, Co. Fermanagh, BT92 OJE, Northern Ireland Charity number NIC108374

Forsight Ltd DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The directors present their report and the financial statemènts for the financial period from 01 January 2023 to 31 December 2023. Principal Activity The principal activity of the company is to raise funds to provide services to as51St people who are blind and vision impaired and to help them overcome barriets that impede their Independen￿ and participation in society. 11 also supports those living with sight loss to live the life of their own choosing and avail of life 'chances'. Forsight Ltd fvndraises, receives donations and opefales as a charity retail business generating income from charity retail activity. All profits generated will be used to support research programmes in Queens University into sight loss and living with low vision and lo support AngelEyes. which is a Northem Irish sighl1055 chanty supporting parents and children with sight loss. The Company is limited by guarantee not having a share capil81. Th8 purpose of Forsight Ltd18 to: 11 Provide funding for research into Sight loss and Low Vision in Northern Ireland. The public benefit that flows from this is., al The funding of res6arch al Belfast City Hospital and Queens University Belfast relating to sight loss and low vision and associated ophthalmology diseases is to increase the knowledge and skills base available lo surgeons and GPS in their treatment of all loms of sight loss. bl the funding of advanced state of the art equipmènt is that reséarchers have access to laboratory facilities, tools and equipment not normally available through the NHS. This equipment will speed the analysis of data which will lead lo shortened validation times of the research. c) Public awareness and actively promoting the needs and opportunities of people with sight loss151,000 + in Nl) 21 Provide funding for Northern Irish Charities providing services for children with Sight Loss and Low Vision. Forsighl want to provide, fund or assist in the provision of facilities in the interests of social welfare which improve the conditions of lifa of blind and partially sighted children and young people and their families in Northern Ireland. The benefit of this is reduced stress, improved family life and individual well being 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 children and young people so that they may reach their full potential. Flnancial review The detailed results for the year are set out on page 1310 24 of the financial statements. The total turnover for the year was £318.550 {2022'. £377,089). There was a net surplus of £108.607 in operating activities {2022: deficit £136,893). Futur& Developments The company began trading as a charity retailer in Omagh in March 2022, opened a second shop in Enniskillen in April 2022 and a third shop was opened in Derry in November 2022. In 2023 a fourth shop was opened in Belfast city ￿ntre. Pollti¢al Contrlbution8 The company did not make any disclosable political donations in the current financial period.

Forsight Ltd DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Directors Report- Continued Post Balance Sheet Events There weré no significant post balance sheet events since year end. ststoment on Relevanl Audit Informatlon There is no relèvant audit infonration of which the slalutory auditors a￿ unaware. The directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and they have established that the statutory auditors are awarè of that infonnation. Audltor8 The auditors, Grant Thornton, Chartered Accountants and Slalutory Audit Flm were appointed during the year. This report was approved by the Board on and signéd on its behalf by lQ.L Dlroctor Dlrector

Forsight Ltd DIRECTORS, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 The directors are responsible for preparing the Directorfs Report and financial statements in accordan￿ with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under the law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Seclion1A (Small Enlitiesl. Under company law the directors musl not approve the financial statements unless they aro satisfied that they give 8 true and fair view of the state of affairs of th8 company and of the profil or loss of th6 company for that period. In preparing those financial statements. the directors are r8quired to.. select suitable accounting policies and then apply them consistently., make judgements and estimates that arè reasonablè and prudent., prepare the financial statements on the going Concem basis unless il is inappropriate to presume that th8 cornpany will continue in busines5. The directors are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and &nable them to 8nsure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of thè company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a director at the date of approval of this report confim Ihal., so far as they are awaré, there is no relevant audit information of which the charity's auditor is unaware,. and they hav8 taken all relevant steps that they ought to have taken as trustee to make themselves awar8 of any relevant audit infomiation and to establish Ihel the chartty's auditor is aware of that information. Speclal provl8lon8 rolatlng to small companle8 The above report has been prepared in accordanc8 With the special provisions re181ing to sm811 companies within Part 15 of the Companies Act 2006. The Directors are responsible for the maintenanee and inte9rily of th8 corporate and financial information included on the company, wébsite. On behalf f the board low C.• 3dio{ 2L£ Dlrector Director Date".

O GrantThornton Independent auditor's report to the members of Forsight Ltd Oplnlon Wc have audited the f￿an￿al statements of Forsight Ltd, which comprise the Statement of Comprehensive Income, thc Balance Sheet and the Statement of Cash Flows for the fin2nci21 ye2r ended 31 December 2023, 2nd the te12ted notes to the f￿anCIal statcmcnts, including a summary of significant accounting policles. The flnancial reporting framework that has been applied in their prep2r2ti0n of the fin2nciAI statements is Irish 12w and 2ccounUng standards issued by the Financial Reporting Council including FRS 102 The Financial Reporting Standard applicablc in thc UK and Republic of Ireland,. (Gener9Jly Accepted Accounting Practice in Ireland). In our opinion, Fotsight Ltd financial statements: give a true and fair view in accordance with United Kingdom Generally Accqited Accounting Practice of the assets. liabilities and F￿anCIaL position of the Company 2s at 31 December 2023 and of it5 financial performance and cash flows for the fmancial year then ended. 2nd have been properly prepared in accoidance ￿tk the requirements of the Comp2nies Act 2006. Basls for oplnlon We conducted our audit in 2ccord2nce with Internation￿ Standards on Auditing (UK) CISAS (UK)? 2nd applicable law. Our responsibilities under those st2nd2rds are further describcd in the 'Responsibilities of the auditor for the audit of the financial statements, section OF our report. We are independent of the charity in accoIdance with the ethical requirements that are relev2nt to our audit of the fin2nci21 statements in the United Iongdom. including the FRC'5 Ethical Standard 2nd the ethical pronouncements established by Chartered Accountants Iteland, applied as determined to be appropriate in the circumstances for the entity. We h2ve fu1r￿ed our other ethical responsibilities in accordance with these requirements. Ixle believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Page 7 of 24

O GrantThornton Independent auditor's report to the members of Forsight Ltd (continued) Conclusions relating to going concern In auditing the fthancial statements, we have conduded that the directoes use of going concern basis of accounting in the pIeparation of the financi21 statements Is appropriate. Based on the work we have petformed, we have not identified any materi21 Lmcerr2inties rdating to events or conditions th2¢ in(Itvidu2lly or collectrvel}". may cast significant doubt on the Comp2ni4s 2bility to continue 2S a going concern for a period of at le2St twdve months from the date when the financial statements are authorised for issue. Our responsibilities 2nd the responsibilities of the directors with respect to going concern are described An the re1cvÉ￿t sections of this report. other matter The f￿anCI91 statemeThrs of Forsight Ltd for the year ended 31 December 2022, were audited by Mazars Ireland who expressed an unmodified opinion on those statements. other inforniation Other infonn2tion comprises inforn]2ti0n induded in the Annual Repor¢ other than the finana9J statements 2nd our auditor's report thereon. The directors 2re responsible for the other infom12ti0n. Our opinion on the £￿anCI91 st2tements does not cover the infonnation and, except to the extent otherwise expliady stated in our repor¢ we do not express any forni of assurance conclusion thereon. In connection with our audit of the fLnanci9J statements, our responsibility is to re2d the other inEomiatiOn and, in doing so, consider whether the other information is materi9Jly inconsistent with the f￿anci11 statements or out knowledge obtained in the 2u(li¢ or otherwise 2ppears to be marerially misstated. If we identify such material inconsistenaes in the financi21 statements, we are required to deternine whether there AS a material misstatement in the fthancial statements or a materi21 misstatement of the other infomiation. IE, based on the work we have performed. we conclude that there is a materi21 misstatement of this other inforn)ation. we are required to report that fact. We h2ve nothing to report in this rewd. Page 8 of 24

O GrantThornton Independent auditor's report to the members of Forsight Ltd (continued) Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit the Anfomiation given in the J)ircctors' Report prcp3rcd for the purposes of company law, for thc f￿anCIAL year For which the fin2nci21 statements are prepared is consi5tcnt with the [￿AnCI21 st2tements' and the Directors, Report, have been prepared in accordance with applicable Icg81 requirements. Mattors on whlch we aro required to report by exception In the light of the knowlcdgc and underst2nding OE the charity 2nd its environment obtained in thc coursc of the audit, wc have not identified 2ny materi21 misstatements in the Directors, ReporL We havc nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. in our opinion: adequate 2nd proper accounting records h2ve not been kep4 or rerurns adcquate for our 2udit have not been received ftom branches not visited by us; or the fmanci21 statements are not in agreement with the accounting records 2nd returns. or cett2in disdosures of trustees, remuneration specified by law are not made. or we have not received all the infom]2ti0n 2nd explanations we require for our audit. Responslbllltles of the management and those charged wlth governance for the flnanclal statements As explained more fully in the directors, responsibilities StatemenL management is responsible for the preparation of the f￿anCIal statements which give a true and fair view in accordance ivith United Kingdom Generally Accepted Accounung Practice in Ireland, including FRS102. and for such internal control as they deterniine necessary to enable the preparauon of fuwicial statements that are free from materigj misstatemen¢ whether due to fraud or ertor. In preparing the fin3nci21 statements, management is responsible for assessing the Comp3nVs abiliry to continue as a going concern, disclosing, 2s applicable, matters re12ted to going concern and using the going concern basis of accounting unless the management either intends to liquidate the Compan}, or to cease operations, or has no realistic alternative but to do so. Those ch2rged with governance 2re responsible for overseeing the Company's f￿anCIal reporting process. Page 9 of 24

O GrantThornton Independent auditor's rcport to the members of Forsight Ltd (continued) Responsibilities of the audltor for the audit of the financlal statements The objectives of an auditor 2re to obtain reasonable assur2nce about whether the financial statements as a whole 2re free from materigj misstatemen¢ whcther due to fraud or error. and to issue an auditor's report th2t includes their opinion. Reasonable 2ssur2nce is a kngh level of assurance, but is not a guarantee that an audit conducted in accordance ISAS (UK) will always detect a matetial misstatement when it exists. Misstatements can arise from fraud or error and are considered m2teri21 if, individually or in the aggreg2te, they could reasonably be expected to influence the economic deasions of users taken on the basis of these fin2ncial st2tements. A further description of an auditor's responsibilities for the audit of the financi21 st2tements 15 located on the Flnancial Reporting CouncAI's website at: www.frc.or . dirorsres onsibilitie description forms part of our auditorfs report. Explanation as to what extent the audit was considered capable of d8tecting i￿egula￿ties, including fraud Ittegularities, includlng fraud. are instances of non-compliance with 12WS 2nd regulations. We design procedures in line with our responsibilities. outlined above, to detect m2¢erial missratements in respect of irregularitie5. including ftaud. 0￿￿ng to the inherent limitations of an audit, there is an uaai'oidable risk th2t m2teri21 mtsstatement in the F￿ancial 5ratements may not be detected. even though the 2udit is properly planned 2nd perfotmed in accordance with the ISAS (UK). Based on out understanding of the Comp2ny 2nd industry. we Adentified that the ptincipal risks of non- compliance with12WS 2nd regularlons related to compliance with the specific laws 2nd regu12uons that apply to the entity, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations th2t h2ITe a direct impact on the preparation of the fm3ncial statements such 2$ the Companies Act 2006 2nd UK tsx legislauon. The Audit eng2gement partnet considered the experience and expertise of the engagement te2m (mcluding industry specialists, ITGC speci21ists, V21u2ti0n experts etc as applicable) to ensure that the ream had appropri2te competence ind capabilities to identify or recogni5e non-compliance with the laws and regulation. We ev21uated management's incentives 2nd opportunities foi fraudulent manipulation of the fmanaal statements (￿CludIng the risk of override of controls), and deterniined that the princip91 risks were rd2ted to posting inappropri2te journ31 entties to manipu12te fmanci2t perfonnance and m2nagement bias through judgements and assumptions in Sign￿cAnt accounting estimates, in particu124r in relation to significant one-off or unusu21 transactions. We apply professional scepticism through the audit to consider potenti31 deliberate omission or conce21ment of significant tr2ns2ctions, or incomplete/inaccur2te disclosures in the finanaal statements. Page 10 of 24

O GrantThornton Independent auditor's report to the members of Forsight Ltd (continued) In response to these principal risks, our audit procedures included but were not limited to: enquiries of management on the policies and procedurcs in place regarding compLiance with laws 2nd regulations. including consideration of known or suspected instances of non- compliance 2nd whether they have knowledgc OE any actU2L suspected or alleged fraud; inspection of the Compan(s tcgulatory and legal correspondence a￿d revicw of minutes of meetings dwing the year to cottobor2te inquities made: gaining an understanding of the entirfs currcnt activities, the scope of authorisation and the effectiveness of Ats control envirotllnent to mitig2te risks related to fiaud. discussion amongst the engagemcnt tC3m in te12ti0n to the identified laws and regulations 2nd regarding the risk of fiaud, and remaining 21ett to 2ny indications of non-compli2nce or opportunities for fr2udulent m2nipulation of fin2ncigJ sratements throughout the audit. identifying and testing journ21 entries to 2ddress the risk of inappropriate journals 2nd managetnent ovcttide of controls dcsigning audit procedures to incorp)r2te unpredictabAIity around the n2ture. timAng or extent of our testing challenging assumptions and judgements made by management in their significant accounting estim2tes review of the F￿ancIal statement disclosures to underl)wg supporting documentation and inqufiries of m2n2gement. The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with govemance and management. As 2ny 2u(lit, there remains a risk of non-detection or i￿egUlarlties, as these may involve collusion, forgery, intentional omi55ions, misrepresent2uons ot override of Intern￿ controls. Page 11 of 24

O GrantThornton Independent auditor's report to the members of Forsight Ltd (contiiiued) The purpose of our audit work and to whom we owe our responsibilities This report is m2de solel}T to the Comp2nfs members, as a body, in accordance chapter 3 of Part 16 of the Companies Act 2006. Our audit TA"ork has been undertaken so that we might state to the Comp2ny's members those matters we are required to State to them in an auditor's repott and for no other pulpose. To the fi￿eSt extent pem)itted by law, we do not accept or assume responsibility to anyone other than the Company and the Compan￿$ members as 2 body. for our audit worl for this repor¢ ot for the opinions we h2ve fonned. IJJ JJ Michad Nolan for and on behalf of Grant Thornton Chartered Account2nts Statutory Audit Firm Cork D2te: 30 oa.kA( 20* Page 12 of 24

Forsight Ltd STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 Unrestricted Restrlcted Funds Fund$ 2023 2022 Funds Total Funds Total Notes Income from: Trading activities Fundraising Distributions Recèived Donations in Kind 317,659 31 317.65g 31 136,628 40.386 84,568 115.507 860 Total Income 318,550 318,550 377,089 Expondlture on: Raising funds Funds paid to 3rd party support services 200.009 9.934 200,009 9,934 329.377 184.605 Totsl ExpendStur• 209,943 209,943 513,982 Not Incom•llExwndlturel bofore transfèrs 108,607 108.807 1136,8931 Net Incomo1{Expendlture) Total funds brought forward 108,607 1136,9181 108,607 1138,918} 1138,8931 1251 Total funds Carrled fopHard 11 128.3111 128,3111 1136.9181 All income 1$ in r8specl of ¢onts'nuing 0￿ratIonS. There are no recognised gains or losses olhar than the nel income staled above for the financi81 years. Ilof e board 301(012LI Ire¢to Dlrector Date.. The notés on page 16 to 24 form an Integral part of thesè financlal ststements Page 13 of 24

Forsight Ltd BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxgd assets Tangible assets 138,036 78,504 Current assets Debtors Cash al bank and in hand 79.446 35.537 16,965 28,971 114,983 45,936 CredltOTS: amounts falllng dug wlthln ono yoar 1281.3301 1261.3581 Not current Illabllltlesl 1166,3471 1215.4221 Total assots less current Ilabllitles 128,3111 (136,9181 Funds of tho charlty Unrgslricled funds Restricted funds {28.311} 1136.9181 Total charlty funds 11 128,3111 1139,918) The financial 8lal0mgnls werè approved by the board on and signed on its behalf by a)11012 Director Dlrgctor Date: The notes on page 16 to 24 forni an Intègral part of these flnancial ststement$ Page 14 of 24

Forsight Ltd CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Roconciliatlon of net Income to net cash Inflow I loufflow) from operatlng actlvltiès Nel operating incomellexpendiluro) Depreciation {Increasel in debtors Increase in creditors 108.607 24.146 162.481 } 19.972 {136,8931 18,653 {16,9651 261,214 Ngt cash Inflow from op•ratlng activitles 90,244 126,009 Cash flow statement Net cash inflow from operating aclivilles 90,244 126.009 Purchases of fixed as8els 183.678) 197,1571 Increaso In cash In th8 year 6,568 28.852 Recon¢iliatlon of net cash flow to movoment In nèt funds (Note 171 Incr&ase In Cash In the year Net funds at 1 January 2023 6,566 28,971 28,8S2 119 Not funds at 31 Docember 2023 17 35,537 28,971 Page 15 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General Infom)ation These financial statements comprising the Stslemenl of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows and the related notes conslilule the financial slalemenls of Forsighl Ltd for the year ended 31 December 2023. Forsight Ltd is a company limited by guarantee incorporated and registered in the United Kingdom. The regislered number of the company is N1674129. The registered office of the company is Forsighl Ltd, Victoria House, Gloucester Street, Belfast, Northern Ireland. The principal place of business of the company is Forsighl Ltd, 27-29 Market Street, Omagh. Tyrone, Northern Ireland. The nature of the company's operations and its principal activities are sel out in the Di¥eclors' Report. The financial statements have been presented in Pound Sleiling 1£), whth is also the functional currency of the company. Statément of accounting policles The princip810¢counling policies adopted in the preparation of the financial slalements ar& sel out below and have remained unchanged from the previous year, and also have been consislenlly applied wilttin the same ae¢ounls. Statemont of compllance The financS8l Slalemenis have been p￿Pared in accordance with FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland" IFRS 1021. Basls of preparatlon The audited financi81 stalements hav& been prepared in accordance with accounting standards generally accepted in Ireland and Irish slalule comprising the Companies Act 2006. Accounting Standards generally ac￿pted in Ireland in pr8paring financial slalements giving a true and fair view are those issued by the Fln8ndal Reporting Council. The financial $lalemenls have been prepared under the hlsloiical cost Convention. The company ha$ also implemenlgd many of the recommendations of the Stslemenl of Recommended Practice ISORPI"Accounling and Reporting by Charilies" Incomg poIIcy All incomè is included in the Slal6menl of COMp￿h8n$1ve Income when the cha¥lty is enlllled to the incomé, the amount ¢an be quantified with reasonable accuracy and il Is probable the income will be received. Incomè from Trading A¢tlvltl89 Income from tradin9 aclivilies 1$ income recelved in respect of the charity shops in ForSSghl Ltd and is recorded on a receipts basis in the year the income is received. Page 16 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure policy Expenditure on raising funds comprises those costs incurred by the charity in respect of the cost of running the charity shop. It includes both costs that can be allocated directly lo run the shop and those costs of an Indi￿¢1 nature necessary lo support them. Resebve$ pollcy Charity funds are managed between reslricled and unreslricled reserves. Reslricled funds relate to income where the donor spe¢ifies how the fun<Js should bè spent. Unreslricled funds relate lo income donated to the company wilhoul any slipulalion by the donor as lo how the funds should be spent. Tanglble assots and deprèclation Tangible assets are stsled at cost less accumulated depreciation and a¢cumulatsd impainnenl loss. Cost includes all costs that are directly attributable to bringing the asset into working ¢ondilion for ils Intended use. Deprnciatlon Depiecialion is provided on all tangible asse18. al rates calculated lo write off the cost less estimalod residual value, of each asset $yslem81i¢ally over ils expected useful life, as follows.. Leasehold (under 35 yearl premlses refurbishment Moloi vehicles 25% Siraighl line 25% Straight line Flnanclal Instrumonts Financial assets and financial Ilabililies are recognised when the charitable company becomes a paty lo the onlraelual provisions of Ihg inslrumenl. Financial liabilities are classified according 1¢ the sub$lance of the ontraclual arrangements entered into. Financial assets and liabilities All financial assets and liabilities are initially measured at Iransa¢lion prieA {including transaction costs) unless the arrangemenl conslilules a financing Iransaclion. Financial assets are derocogni$ed when and only when 81 the conlraclual rights lo the cash flows from the financial asset expire or are settled. bl the charitable company transfers lo another paty substantially all of the risks and rewaids of ownership of the financial asset, or cl the charitable company, despite having felained some si9nificanl risks and rewards ol ownership, has transferred Control of the asset lo another party and the other party has the pracli¢al ability to sell the asset in ils entirety lo an unrelated third paty and is able lo exercise that ability unilaterally and wilhoul needing lo impose additional resln'clions on the transfer. Financial liabllilies are derecognised only when the obligation specified in the contract is discharged, cancelled, or expires. Balances that are classified as payable or receivable within one year on initial recognition are measured al the undiscounled amount of the cash or other consideration expected lo be paid or received, nel of impairment. 1.10 Tradè Debtors Trade and other debtors are initially recognised al fair value and thereafter staled al amortised cost using the effective interest method less impaimient losses for bad and doubtfvl debts except where the effect of dis¢ounling would be immalerlal. In such cases the receivables are staled al cost less impaiment losses for bad and doubrful debts. Page 17 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.11 Trade Credltors Trade and other creditors are initially recognised al fair value and thereafter slated al amortised cost using the effects've Inte￿St rale method, unless the effeel of discounting would be immaterial, in which case they are slated at cost. 1.12 Forelgn currencles Monetary assets and liabilities denominated in foreign currencies are translated into stèrlino al the rates of exchange prevailing al the balance sheet date. Transactions in foraign currencies are recorded al the dale of the transactions. All drfferences are tsken lo the Statement of Comprehensive Income. 1.13 Penslons The pension costs charged in the financial Statements represent the contribylion payable by the company during the year. The regular Cost of providing retirement pensions and related benefits is charged lo the statement of comprehensive income over the employees. Sorvice lives on the basis of a ¢onslanl pereenlage of eamings. 1.14 Cash at bank and in hand Cash al bank and In hand inclLtde cash with a short maturity of ￿e1ve months or less from thè date of acquisition or opening of the deposit or similar account. 1.15 Employee Ben•flt$ Forsighl Ltd provides a number of benefits lo employees including paid holiday 8irangemenl8. Short lem b•nefils, including holiday pay, are recognised as an expense in the pertod in which employees, 8ervice is received. A provision is made for the eslimaled liability for annual leave as a resull of serviee$ rendered by employees up lo the end of the financial year. Redundancy costs are reeognised in the Slalemenl of Comprehensive Income when there Is a demonstrable ommilmenl lo lemiinalion, with provision for fLtlure ￿dundancY costs measured al the best estimate of th¢ expenditure that would be required lo settle the obligation al the reporting dale. 1.16 L•aslng and Hlre Purcha$• Commltmonts Rentals applicable lo operating leases where subslanlially all the benefits and risks of ownership remaln with the lessor are charged lo the Slalgmenl of Comprehensive In¢ome. Assets held under finance leasès and hire purchase conlrocts are capilalised in the balance sheet and are depreciated over their useful lives with the corresponding lease or hire purchase obligation being capitalised as a liability. The interest element of the finance lease Tenlals is charged lo the Slalement of Comprehensive Income over the period of the lea58 using thè Sum of digits method. 1.17 Allocation of Support Costs Support costs. which cannot be attributed directly lo one activity, are allocated in proportion lo the eslimaled support received. The cost driver used for the allocation of support costs is headcounl. Support costs include human resources. finance, information technology and governance. Governance costs arè the costs associated with the governance arrangements and $lalutory requirements of the Charity. These include costs rolaled lo strategic planning. data protection. audit and costs incurred due to legal and stslulory reqU1￿Ments. Page 18 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.18 Critical accounting ludgements and estlmates The preparation of these financial statements requires management to makejudgements. eslimales and assumptions that affect the application of policies and reported amounts of assets and liabilities, in¢ome and expen8e$. The resulting accounting eslimales. will by definition, seldom equal Ihe related actual results. Judgements and eslimales 8re continually evaluated and are based on historical experiences and olhor faclorn, including expectations of future events that are believed lo be reasonable under the Circumstances. The directors ¢onsider the accounting eslimales and assumptions below lo be its critical accounting judgements and eslimales.. Establlshing Ilves for depreclatlon purposes of flxed assets The annual depreciath'on charge depends primarily on the eslimaled live$ of each type of asset and esllmalesof residual values. The directors and management regularly review these asset lives and chang& them as necessary lo reflect current thinking on remaining lives in light of prospectiv8 economic ulilisalion and physical condition of the asset$ concerned. Changes in asset lives can have a significant impact on depreeialion 8nd amortisation changes for the period. Detail of the useful lives 1$ included in the accounting policies. Incomo The total income of the company for the year has been derived from Ils principal activity wholly undertaken in Northern Ireland. Net Incomg 2023 2022 Nel income is ststed after charging.. Depreciation 24,146 18,653 Employo08 Number of employees The number of people, in whole time equivalents, employed by Forsighl Ltd is analysed into the following., 2023 Number 2022 Number Trading aGlivilies Employment costs 2023 2022 Wages and salaries SoGial insurance costs Other pension costs 177,830 1,790 2,516 110,108 2,953 1.382 182,136 114.443 Page 19 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Nots 4 (continuedj The number of higher paid employeès was.. 2023 2022 £60.000 - £70,000 Transactlons with dlrectors No member of the Board r&ceived any payment for expenses durin9 the year. Incom Unrestrlcted Restricted 2023 2023 Total 2023 Total 2022 Sales Fundraising Donations in Kind Dislribulions received from NCBI Charitable Foundation Total Income 317,659 31 317,659 31 136.628 40,386 115.507 84,S68 860 860 318,550 318,550 377,089 Expendlture Unr￿trIcted Rostrlcted 2023 2023 Total 2023 Total 2022 Wages and salaries (Note 41 Funds paid to 3rd paty support services Other operating expenses Support costs (note 71 If82,136> 19.9341 52,477 170,3501 1182,1361 1114,443} 19.9341 {184.6051 52,477 1173,0481 {70,350) 141,8861 T¢)tal Expendlture {209,9431 (209.943) 1513,9821 Support costs 2023 2022 Professional Fees Information Technology Advertising and Communiealions 32.699 779 36,872 15,979 15,122 10,785 Totsl 70.350 41,886 Page 20 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible a$sets Leasehold Improvèments Motor Vohlclos Total Cost Al 1 January 2023 Additions Disposals 76,625 83,678 20,532 97,157 83,678 At 31 December 2023 160.303 20,532 180,835 Dopreclatlon At 1 January 2023 On disposals Charge for the year 13.520 5,133 18.653 19,013 5.133 24.146 Al 31 December 2023 32.533 10,266 42,799 Net book values Al 31 December 2023 127,770 10.266 138,036 At 31 December 2022 63,105 15,399 78,504 D•btors 2023 2022 Amounts owed by related undertakings Inol& 131 Other debtors P￿PayMents and a¢¢rued income 8,251 4,358 4,356 8,139 71.307 79.446 16.965 10. Credltors: amounts falllng due wlthln one year 2023 2022 Other credltors Trade creditors Amounts owed lo related undertaking (note 13) Accruals Taxation crediTtors PAYEIPRSI 14,855 250,304 16,424 14.492 237.529 12531 9,337 281,330 261.358 Trade creditors and accruals are payable al vanous dates in the next three months in accordanco with suppliers. nomal terms. PAYEIPRSI is payable in accordan¢e with applicable slalutory provi5ion$ Page 21 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Reconciliation of movements In total charity funds 2023 2022 Opening charity funds Nel incomel{expendilure} for the year 1136,9181 108,607 1251 1136.8931 Total charity funds (28,3111 1136,9181 Analysed as.. Unreslricled funds Reslricled funds 128,3111 1136,9181 128,3111 1136,9181 12. Analysis of n8t assets bgtween funds: R•3trlcted funds Unrestrlctod funds Balanc• 3111212023 Fixed Assets Current Assets Currenl Liabilities 138,036 138,036 114.983 114,983 1281.3301 1281,3301 128.3111 128.311) 13. Rolated party transactlons Intercompany year end balances due Itolmrom Company Rèlatlonshlp Transactlon NC81 Group NCBI Retail NCBI Charitable Foundation NC81 Service$ Ultimate Pa￿nt Parent Fellow subsidiary Fellow subsidiary Inlercompany Inlercompany Intercompany Inlercompany 1684} 1139,6641 193.0011 {16,9551 Page 22 of 24

Forsight Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Flnancial commitments At 31 December 2023 the company had commitments under non-cancellable oporaling leases 85 follows.. Number of Amount Leases Payable Expiry dato: Befv4een and five years In over fNe years 106,122 260,638 Total 366,760 15. Ultlmate pargnt und9rtaklng The company regards NC81 Rotail as its immedialg paranl company. The company's ultimate pafenl undertaking 18 NCBI INalional Council for the Blindl Group. The addre$$ of NCBI Group is NCBI Head Office, Whitsvorth Road, Drumcondia. Dublin 9, Republic of Ir¢land. 16. Gross cash flow$ 2023 2022 Capital expenditure Payments to acquire tangible assets 83,678 97.157 83,678 97,157 17. Analysis of changes In not funds Openlng balance Cash flows CIo8lng balance Cash al bank and in hand 28,971 6.566 35.537 Net fund$ 28.971 6,566 35.537 18. Golng concèrn The Directors have satisfied themselves that the Company is in a position lo continue as a going ¢oncem. Page 23 of 24

ForSFght Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Financial Instruments 2023 2022 Financial assets measured al amortised cost 43.676 41,580 Financial liabililBs measured at amortised cost 281,S83 252,021 Financial a$$els measured al amortised ¢osl comprise other debtors, amounts owed by group companies and cash at bank and in hand. Financial liabilities measU￿a al amorti$8d cost comprise trade creditors. a¢¢ruals and amounts owed lo group companies. 20. Company Ilmltsd by guarantse The company is one limited by guarantee not havin9 a share capitsl. The company is a wholly controlled subsidiary of NCBI (National Council for the Blindl Group. 21. Post Balance Shèet Ev6nts There have been no slgnificanl events affecting the ¢ompany since the year end. 22. Approval of flnan¢lal statèments The board of directOTS appioved these financial statements and aulhoris8d them for Issue on Page 24 of 24