Forsight Ltd
{Company Ilmlted by Guarantee)
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Forsight Ltd
Forsight Ltd
(Company limlted by Guarantee)
CONTENTS
Page
Company Information
Directors, report
Directors, Responsibilities Statement
Indep8ndenl Auditors, report
7-12
Statement of Comprehensive Income
13
Balance sheet
14
Cash flow statement
15
Noles to the financial statements
16- 24
Page 2 of 24

Forsight Ltd
COMPANY INFORMATION
Directors
Jacques Henry-Bezy, Chair
Fiona Guest
Patricia Kane
John Leech
Shane McArdle
Stephanie Walsh
Malachy O'connor
Declan Delanly
(Appointed 1010212024)
(Appointed 1010212024)
(Appointed 1510312024)
{Appointed 1010212024)
(Appointed 1010212024)
(Resigned 1311112024)
(Resigned 1010912024)
(Resigned 1210712024)
Company number
N1674129
Registered offic8
Second Floor Victoria House,
15 - 17 GIou￿Ster Street,
Belfast,
Northern Ireland
Audltors
Grant Thomton,
Chartered Accounlanls and Statutory Audll Firm.
Penrose One,
Penrose Dock,
Cork.
Solicltorn
Arthur Cox,
Second Floor Victoria House,
15 - 17 Gloucester Street,
Belfast,
Northern Ireland
Bankers
Bank of Ireland UK,
141 Main Street,
Lisnaskea,
Enniskillen,
Co. Fermanagh, 8T92 OJE,
Northern Ireland
Charity number
NIC108374
Page 3 of 24

Forsight Ltd
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 st December 2024.
Prlneipal Activity
The principal activity of the company is to raise funds to provide services to assist people who are blind and vision impaired
and to help them overcome barriers that impede their independence and participation in society. It also supports those
living with sight loss to live thé life of their own choosing and avail of life'chances,.
Forsight Ltd fundraises. re￿iVeS donations and operates as a charity retail business generating income from charity retail
aclivily. All profits generated will be used to support research programmes in Queens University into sight loss and living
with low vision and to support AngelEyes, which is a Northem Irish sight los$ charity SUPPOrting parents and children with
sight loss.
The Company is limited by guarantee not having a share capital.
Tho purpose of Forslght Ltd is to:
11 Provide funding for research into Sight loss and Low Vision in Northern Ireland. The public benefit thal flows from this is.,
a) The funding of research at Belfast City Hospital and Queens University 8elfast relating
lo sight loss and low vision and associated ophthalmology diseases is to increase the
knowledge and skills base available to surgeons and GPS in their treatment of all forms
of sight loss.
b) the funding of advanced slate of the art equipment is that researchers have access to
laboratory facilities, lools and equipment not normally available through the NHS. This
equipment will speed the analysis of data which will lead to shortened validation times
of the research.
c) Public awareness and actively promoting Ihe needs and opportunities of people with
sight loss (51,000 + in Nl)
21 Provide funding for Northem Irish Charities providing services for children with Sight Loss and Low Vision. Forsight want
to provide, fund 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.
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 13 to 24 of the finan¢ial statements. The total turnover frjr Ihe year was £297,32',
(2023- £318,550). There was a net deficit of £97,580 in operating activities (2023.. surplus £108,607).
Future 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 Clty centre There are currently no plan..
to expand the chain.
Page 4 of 24

Forsight Ltd
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Directors Report- Continued
Political Contributions
The company did not make any disclosable political donations in the current financial period
Post Balance Sheet Events
There were no significant post balanc8 sheet events since year end.
Statement on Relevant Audit Informatlon
There is no relevant audit information of which the slatutory auditors are 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
aware of that information
Speclal provisions relating to small companies
The above report has been prepared in accordance with the sp8cial provisions relating to small companies within Part 15 of the
Companies Act 2006.
.Audltors
The auditors, Grant Thomton, Chartered Accountants and Statutory Audit Firm, indicated their willingness lo conlinue in offi
accordance with Section 485 of The Companies Act 2006.
This report was approved by the Board on signed on 11$ behalf by
fr¥E£r
Director
Dlrector
4 /&o/-
Page 5 of 24

Forsight Ltd
DIRECTORS, RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors are responsible for preparing th8 Directo¢s Report and financial statements in accordance with applicable law an(
regulations.
Company law requires the directors to prepare financial statements for each financial period. Under the law. the directors have electec
to prepare the financial statements in accordance with United Kingdom Generally A￿pted Accounting Practice {United Kingdorr
Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republi(
of Ireland" SÈction1A (Small Entities}. Under company law the directors must not approve the financial slatemenls unless they are
satisfied that they give a true and fair view of the slate of affairs of the company and of the profit or loss of the company for that period
In preparing those financial statements, the directors are required to..
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent..
state whether thè financial statements have been prepared in accordance with the relevant finan¢ial reporting framew
identify those standards, and note the effect and the reasons for any material departure from those standards,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in business.
The directors are responsible for keeping adequale accounting records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding thé assets of the company
and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's
website.
This report was approved by the Board On￿-z 2 f and signed on ils behalf by
Director
Director
L)cJ
Page 6 of 24

GrantThornton
Independent auditor's report to the membets of Forsight Ltd
Oplnlon
We have audited the fmanci21 statements nf Forsight I.td, which comprise the Statement of Comprchensive
Income, the Balance .£heet and the Statcment nf Cash I,-lows for the fin2ncial yeai cnded 31 December ?0?4, and
the ielated notcs to the ftnancial statemcnts, including a summary of significant accounting policies.
The fmanciAI reporting frAmework thac h2s been applied in their preparation of the fthancial statements is
applic¢1blc w and UK Rccounting standards i88ucd b}p the binancial Reporting Council including FRS IQ? 'I'he
rinancial Reporting Standard applicable in the Uk and IlcpubIic ()f Ireland,. (Generally ,4ccepted .-Iccounting
l)ri1Cticc in Ircland)-
In our opinion, F,oIS￿ht Ltd's financial statements:
givc 2 truc 11 nd fair view in acciird¢1nce with Unitcd Kiiigdom Gcnerally .Iccept¢d .4ccounung
Pr2Cticc of the asbcts, ]iAbiliticg and finAnci411 positinn of the ('omp2ny as at 31 Dcccmbcr 2024
and of it14 f￿21]c1￿1 performance and C¢1sh fli)ws fnr the fmancial }'car then cndcd. And
have been properly prcpAred in accordance with the requircments of the Cr)mpfinies Jlct ?006.
Bas1$ for oplnlon
We cnndiictid our 1udit in iccordincc wirli Inrern2tion1¢ l %tandArds on .luditing (Uk1 ('IS.4s IUK)? and
Applicable law. Our rc%ponsibilitie4 uiidcr Ihosc sr1¢ ndard% are furthcr described in thc 'RL%ponsibilitie¥ of the
2udit()r for thc audit of the fmancial gtAt¢mcnts' %cction OF our rcport. Ive Are independcnt of the charity in
Accordance with the ethicil requircmcntts that Arc relev1&nt to our audit of the fm14 iicial %t2ternents in the Uniied
Kingdnm, ineliidingT tlic I,'RC'.s F". thicil StAndArd and the ethic1£ I pron()uncementg ebtab]i5hed by Chartered
.4ccc)untant.8 Irclandi 1¢ pph'ed 1¢ % determined to be appropric1te in thc circumstanceq for the entit),. We have fu1r￿ed
our other cthical re4p0115ibi]iUcs in accordance wich these rcquircmeiits. Wc bclici'e that the au(lit evidence we
have obtAined 18 sufficient and appropriate to provide a ba$is for our opinion.
Page 7 of 24

GrantThornton
Independent auditor's report to the members of Forsight Ltd
(continued)
Concluslons rèlatlng to goln9 ¢oncem
In audittng the fmancial statements. we have concluded thAt the director's use of going concern basis of
accounting in the preparation of the flnancial statement% is appropriate.
Based on the work ive have perfnrn)ed, we h1¥ ve not identified An), m&1tCriAI uncertainties relRting to evcnts or
ondiuong th&1t, indiiriduall}' or ci)Ilecrivcl)'. mA}' cast significant doubc on the Company's abibry to continue As A
going concern for a period of at lea8t twelve mDnth5 from the datc when the fmancial statements are autliorised
foI issue.
Our re8ponsibiliues and thc re.%ponsibiliue5 of chc dircctors with Icspect to gotng concern are described in the
relevant 8ecuon5 of thi8 reporc.
Other Inforniatlon
Other infomiation coinpribeb iiiFc)rination included in tlie ..Ititiual Ilepori, ()ther than the fthancial statement5 and
our 14 udit()r'% rcp()rt rhercc)i). 'I'hc dirLctor% irL' rL4ponsible f()r tlie rjthcr infi)mi?tion. Our opinion on the finincial
%tatements doe% not covcr thc infonn&iuon 11 lid. c¥cLpt to the extent orhctwi%e e¥p￿C1t1y slated in our report, we
do not express any fonn nf a8%ufAnce conclusion thereon.
In connection with our 111dit of thc f￿AnCiAl $tatemen¢s, our responsibAlity' is to read the other infornation and, in
doin&r so. con%ider whcthcr tlie orhcr information is materixlly inconsistcnt with the fmancial statemcnts or our
kn(Iwledge (>btained iii tlie Aiidit, or orhcrwisc Appe2r% to bc m1¢ tCriq& Il), mi%gtAtcd. If we id¢nul}T %uch m2teriRI
incnn4i%tcncie% in the fin&1nci21 %tatcmcnts, WC 1rc rcqiiircd t() dctemiine whethcr there is A mit teriAI mi%statcment
in The f￿ancIAl .8tlÉ temen¢s or a mArcri21 mi8Stlf tcment of thc other inforniauon. If, bi1scd on the w()rk we hill'e
p¢rf()nncd, we conclude that there is A material mi%$rAtement of this other infomiAtion, we are required to report
tha¥ fact.
Ve h2vc no¢liiiig to report in this regaid.
Page 8 of 24

GrantThornton
Independent auditor's report to the members of Forsight Ltd
(continued)
Oplnlons on ath•r matt•r8 pr•s¢rlbed by the Companlos Act 2006
In our opinion, based on tlie work undertaken in the course of thc audit..
the inform1L tion ￿Ven in tlic Directors, Report prepared for the purposes of company law, for the
fmancial j'car for which the f￿anCIal statements Are prepared is consistent with the fmanci21
statements. and
the Directors. Report, have been prcpared in accordance with APP]icable legal requirements.
Matters on whlch w• ar• r•qulr•d to report by •xc•ptlon
In the hght of the knowledge and understanding of the charity 1¢ nd Ats cnvironmcnt obtained in the course of the
audtt. we have noi idenufied An}T material inissratements in the l)ir¢ctors' Report.
We have nothing to report in respect of tlie following mAtters where the Companies ,-Ict ?006 requircs
us to rcporr to }?ou if, in our opinii)ii'.
adcquatc and propcr accoiinting record4 have nut been kept, or returns adequatc for our audit
have not bcen icceiircd fr()m branche4 noc visited by u.q' ot
the f]nAllci1¢ I btatemcnt8 are not in agrccment with the Accounting record8 And recurns. or
certtiin di8closiircs of trustec4' remuiicration %pccifiLd by law are not made. or
wc have not rcceiTred ¥ill thc inforn]ation And explli nations we r¢quirc for our 2udit.
Responslbllltles of th• management and thos• charg•d wlth g•v•rnan¢• for th• flnanclal
statements
.15 explained more fully in the directors, responsibilities statement, management 1% rc8pc)nsible for the preparation
of ¢lic fmAncial stAtements which give a truc and fair view in accordance with United kingdom Gencrally
.Icccpted .-IcciJuiiting l)ractice, including I,'RS I O? And for such inteinxl control 28 ¢he}' detcmiine necessary co
enablc the prcplration of fiiixnci11 staterncntb that are free from ¢nateri21 misstatement. whether due to fraud or
crror.
In preparing the fmancial Statements, management is responqible for asseqqing the Cornpan}r'q Abilitip to continue
as a going concern. disclosing. &s applicable, matters related to goiiig concern And using thc going concern basis of
accoiinting unless thc mAnAgcmcnt eithcr intends to liquidate the Company or to cease opcrauons, or ha4 no
iealisuc alternative but to do so.
Those charged with goi'ern2ncc Are tesponsible for overseeing the Company'5 fmancial reporting process.
Page 9 of 24

GrantThornton
Independent auditor's report to the members of Fotsight Ltd
(continued)
Responslbllltlos of tho audltor for tho audlt of tho flnanclal statam•nts
The objective5 OF an 2uditor are to obtain reasonable a%surstnce about whether the fthancial statements as a whole
are fIcc from m2teri21 misstatemcnt, whether duc to fraud or error. 111d to issue an Auditor'.% reporr that include%
their opinion. Rcasonable 28surance is a high level <)f assurance. but is not a guarantee thAt An audit conducted in
2ccordance with lS.Is (UK) will AlIv¢1},.￿ detect a material mis%tAtement whcn it eKiS¢S. li Iisstarements CAn arisc from
friiid or error and are con.gidcrcd In2terial if. itidiiriduI1 Ily or in the aggreg1te, thc}T could xcasonably be expected to
influcnce che economic decisions of users tAken on the basis of thesc fLni¢ ncial statements.
.{ further dc8cription of an 2uditor's rcsptsnsibilitieq For the audit uf the fin¢1ncial Statements is located on the
Fin2nciAI Ilepi)rUiig Councd's website 1( t.. WLVi￿.fl£ s￿￿￿1￿1￿LUjjIQE>￿￿￿¥l)IL￿￿l}L1ttIO*. 'I'his dcscripuon fonns part of
oiir 14 iiditor's repoit.
Explanation as to what exlent th8 audit W8s considered capable of detecting irregulanties, Including
fraud
Irrcguli¢ rities, iiicluding frxudl ¢1rL' iii%taiiccb ()f n(In-coinpliAnce with Ixws and regulauons. We dc8]gn proccdures in
]ine with our responsibilitie%. outlincd Abovc, to dLtcct mt1tLriAI missti1tements in rc8pect of irregu11riries, including
frAud. Owing lo the inhcrent limitarioni of An Audit, there is An unavoidiblc risk that matcriAI mi88tatemcnt in the
finaiicilll %tatcmcnt% may not be dctccted. evcn though thc audit is properl), planncd and performcd in accordanc¢
with the lS.Is (Uk).
Ba%cd on our undcr%tanding of the Cnmpaiiy And indiistry. we idcnufied th2t the principal risks of non-
eompiiancc with Iiivs 111d regulatlQll8 rclf1tcd to ci)mpliq& lice witli the specific IAws and regulauons that apply to the
CIItiryT iiid we coiisldcrcd thL L.xtciit to wliicli niin-c()n)pliaiice ini&ht havc a matCriAI effect on dic financial
s¢atcment8. Wc also conbidcrcd rhc)4e laws Aiid rcgTrulAuon% that hAve a direct impact on chc preparation of the
finAnciAI statcment8 such a8 the ('ompanies .4ct ?{1()6 and Uk tax IcgislAtion. 'fhe ..Kudit engagement parther
COll8idcTcd ilie expcrience ftnd cxpcrti4e Df the engagement tcam (including indiistry gpecialists, ITGC spccialists.
VAliii1tion expert8 etc 28 2pplicftble) to ensure thit the re1m liad 1¢ ppropriit tc compctcnce and capabilities to idenufy
or recogniqe non-cnmpliaiicc with thc12w$ 2nd regulation. Wc evaluated management's incentlVCS And
opportunities for frAudulen( manipulation lif the fin2llciAI statcment4 (including rhL risk of override of controls),
and detennincd that Ihc ptincipal risk5 were rc12tcd to Posting inappropriate journal entrie% to manipulate f£nancial
perFormince and managcincnt bias through judgements and a8sumpuons in sigmficant 2ccountÈng estimates, in
p%rticular in ielauon to significant one-off or unu5uxI rransactions. We apply professional 5ceptici5m through the
2udit to consider potenti1& I delibcratc omission c)r conceairnent of significant transactions, or
incomplete/inaccurate disclosures in the f￿anCIal statemciit5.
Page 10 of 24

GrantThornton
Independent auditor's report to the members of Forsight Ltd
(continued)
In response to these priiicipal risks. our 2udit procedures tncluded but were not Jimited to:
enquiries of mxnagement on the policies and procedures in place regarding compliance with
12IVS 14nd regwlations. including coiisidcrati()n of known or suspected insrances of non-
compliance atid whether rhe), haire knowledge of any actual, suspected or alleged fraud.
inspccuon of thL Compan) 8 regLilatory And le￿] corrcspundence aad review of minutes of
mLetitig% during the >rcar to corrobor&itc inquiries made.
gaining an understanding of the entity's current activiueg, the scope of auchorisation and the
effectiveness of its control environment to mitigatc risks relAted to fraud.
discussion amongst the engagement team in iclation to the idenufied laws and regulations and
regarding the riqk of fril ud. And rernaining 21ert to any indicauons of non-compliance or
oppornnitics for frauduleiit in&lnipulacion of fmanciAI statementg throughout the Audit.
identiF)'ing ilnd testing journal cntrics ¢0 addrcss the risk of inappropriate journals 2nd
m2nagcm¢nt override of contiol
de8igning Audir proeedurcs to incorpoiatc unprcdictabiliry around ¢he naturc, timing or extent
of our tc%tiiig
challenging a$5umpuoiis and judgcmcnt% m2de by management in their $ignifieAnt accounting
e4timArc8
review of the finl& ncial statement diselosure% to undcrl}'ing ¥upporting documentfition 2nd
inquiries of m2nAg¢mcnt.
Tlic primary rcsponsibih'ry for the ptevention and dctcction of irregularities including frAud rests with
thosc charged with govern8nce and m¢1n¢1gement. .4s with 8nJp audit, there remains a risk of non_detecuon
or irrcguli1ritics, a* thege may involve collusion, forgery, intcntionAI omissions, misreprescntationb or
ovcrridc of intcrnal controls.
Page 11 of 24

O GrantThomton
Independent auditor's report to the members of Forsight Ltd
(continued)
Tho purpos• ol our audlt work and to whom w• ow• our r•sponslbllltl•s
Tliis report is inil(IL solely to the Comi)any's membets. as A body, in Aecordince ivith cl11Pter 3 nf l)Irt 16 of the
('onipic nies Act 2006. Our Aiidit ivork1i2s been undertAken so thRt we might state to the LoIni)any's iiieniber5
tliose mic tters Ive Éire required to stli te to them in An auditor's report and for no other piirpose.
To the fullest extent permitted by l%iv, we do not accept or 2SSL)me responsibility to anyone other than the
Compli ny 11nd the Company's members as a body, for our audit ivork, for this report, or for the opinions we have
Forined.
chicl Nolan (Senior Stfttutory Auditor)
fc)r and on behfilf of
Grant Thornton
Chartered Accoiintll nts
Siattitory Aiidii F irm
Cork
DAtc..22nd October 2025
Page 12 of 24

Forsight Ltd
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestrlcted
Funds
2024
Restricted
Funds
2024
Funds
Total
2023
Funds
Total
Notes
Income from:
Trading activities
Fundraising
Donations in Kind
270,977
25,230
1,116
270,977
25,230
1,116
317,659
31
860
Total Income
297.323
297.323
318,550
Expenditure on:
Raising funds
Funds paid to 3rd party support seNice8
394,903
394.903
200,009
9,934
Total Expendltur&
394.903
394,903
209,943
Net (Expendlturel I Income
before transfers
{97,5801
197.5801
108,607
Net {Expendlture) I Income
Total funds brought foward
197,5801
128,3111
197,5801
128.3111
108.607
{136,9181
Total funds carrled fonNard
11
1125,891)
1125,891)
128,311}
All income is in respect of c3)nlinuing operations.
There are no recognised gains or losses other than the net income Stsled above for the two financial years.
This report was approved by the Board on
and signed on ils behalf by
IQLL
Dlre¢tor
Director
Date: Lo4.av(
Th• notes on page 16 to 24 fomi an integrdl part of these financial statemonts
Page 13 of 24

Forsight Ltd
BALANCE SHEET
AS AT 31 OECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
123,822
138,036
Current assets
Debtors
Cash at bank and in hand
25,447
89,290
79,446
35,537
114,737
114.983
Current Ilabilltle8
Creditors.. amounts falling
due within one year
10
{364,4501
1281.3301
Nèt current Iliablllt188)
1249,7131
{166,3471
Total a$s•ts less current
Ilabilitles
1125,891)
{28,3111
Funds of th8 ¢ompany
Unreslricled funds
Restricted funds
1125,8911
{28,3111
Total company fund$
11
{125,8911
128,3111
The financial statements were approved by the board ona2
and signed on its behalf by
IQIL
Dlrector
Dlrector
The notes on page 16 to 24 form an integral part of these flnancial statements
Page 14 of 24

Forsight Ltd
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Reconclllation of net in¢ome to net
cash inflow I loutllowl from operating actlvltiOS
Net operating lexpendilurel l income
Depreciation
Decrease I Ilncrease} in debtors
Increase in creditors
{97,580)
18,242
53.999
83,120
108,607
24,146
162,4811
19,972
Net cash Inflow from operating actlvities
57,781
90.244
Cash flow ststsrnent
Net cash inflow from operating activities
57,781
90,244
Purchases of fixed assets
14.028)
183,6781
Increase In cash In the yoar
53,753
6,566
Re¢onclllatlon of net cash flow to Movement In net funds (Note 171
Increase In cash in the year
Net funds at 1 January 2024
53.753
35,537
6,566
28,971
Net funds at 31 Dec8mb8r 2024
17
89,290
35,537
Page 15 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Infonnation
These financial statements Comprising the Statement of Comprehensive Income, the Balance Sheet, the Slalemenl
of Cash Flows and the related notes constitute the financial slalements of Forsight Ltd for the year ended 31
December 2024.
Forsight Ltd is a company limited by guaranlee incorporated and ￿gIst￿red in the United Kingdom. The registered
number of the Company is N1674129. The registered office of the company is Forsight Ltd, Second Floor Victoria
House, 15 - 17 Gloucester Street, Belfast, Northern Ireland. The principal place of business of the company is
Forsight Ltd, 27-29 Market Street, Omagh. Tyrone, Northern Ireland. The natu￿ of the company's operation$ and
ils principal activities are sel out in the Directors, Report. The financial statements have been p￿sented in Pound
Sterling 1£), which is also the functional currency of the company.
Statsment of accountlng pollcle8
The principal accounting policies adopled in the preparation of the finan¢ial statements are set out below and havè
remained unchanged from the previous year, and also have been consistently applied within the same a¢￿unts.
Staternent of ¢ompllance
The financial slalements have been prepared in accordance with FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland" IFRS 1021.
Basls of preparation
The audited financial statements have been prepared in 8¢¢ordance with accounting standards generally
accepted in I￿land and Irish stslule comprising the Companies Act 2006. A¢counting Stsndards generally
acc£pted in Ireland in preparing financial slalements giving a true and fair view are those issued by the Finarsaal
Reporting Council. The financial 51alemenls have been prepared under the historical cost convention. The
company has also implemented many of the recommendations of the Slalement of Recommended Practice
ISORPI"Accounling and Reporting by Charities"
Income poll¢y
All income is included in the Statement of Comprehensive Income when the company is enlilled lo the income, the
amount can be quantified with reasonable a￿UraCY and il is probable the income will be ￿Ceived,
Income from Trading Actlvities
Income from trading activities is income received in respect of the company Shops in Forsight Ltd and 1$ recorded
on a receipts basis in the year the income is re￿ived.
Page 16 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure policy
Expenditure on raising funds comprises those costs incurred by the company in respect of the CL)St of running the
charity shop. It indudes both costs that can be allocated directly lo run the shop and those costs of an Indi￿¢t
nature ne￿SSary to support them.
Reserves policy
Company funds are managed between restricted and unrestricted reserves. Reslricled funds ￿late lo in¢ome
where the donor specifies how the funds should be spent. Unrestricted funds relate lo income donated to the
mpany without any stipulation by the donor as lo how the lunds should be spent.
Tangible assets and depreciatlon
Tangible assets are stated at cost less accumulated depreciation and accumulated impairrnent loss. Cost
includes all costs that are directly attributable to brin9ing the asset inlo working Condition for ils intended use.
Depreclatlon
Depreryation is provided on all tangible assets, al rates calculated lo write off the cost less estimated residual
value, of each asset syslemalically over ils expected useful life, as follows..
Leasehold (under 35 year) premises refurbishment
Motor vehides
100/0 Slraighl line
10% Straight line
Flnanelal Instruments
Financial assets and financial liabilities arè recognised when the charitable company becomes a party to the
contractual provisions of the inslrumenl. Financial liabilitie$ are classified according lo the substance of the
conlraclual arrangements entered into.
Financial assets and liabilities
All financial assets and liabilities are inilially measured al transaction pri&9 (including transaction Costs) unless the
arrangement ￿nstItuteS a financing Iransaclion.
Financial assets are derecognised when and only when a} the contradual rights to the cash flows from the
nancial asset expire or are Settled. bl the charitable company transfers to another paty substantially all of the
risks and rewards of ownership of the financial asset, or cl the charitable company, despite having retained some
significant risks and rewards of ownership. has transferred control of the asset to another party and the other party
has the practical ability lo sell the asset in its entirety lo an unrelated third party and is able lo exercise that ability
unilaterally and wilhoul needing to impose additional ￿StrICtl0nS on the transfer.
Financial liabilities are dere¢ognised only when the obligation specified in the contract is discharged, Can￿rIed, or
expires. Balances Ihal are da$sified as payable or receivable wlhin one year on initial recognition are measured at
the undiscounled amounl of the cash or other consideration expected to be paid or ￿Ceived, nel of impairmenl.
1.10 Trade Debtors
Trade and other debtors are initially recogn￿Sed al fair value and thereafter slated al amortised cost using the
effective interest method less impaimenl losses for bad and doubtful debts except where the effect of discounting
would be immaterial. In such cases the re￿1Vable8 are slated al cost less impairm&nt losses for bad and doubtful
debts.
Page 17 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.11 Trade Creditors
Trade and other creditors are initially recognised at fair value and thereafter slated al amortised cosl using the
effective interest rale method. unless the effect of discounting would be immaterial. in which case they are slated
at cost.
1.12 Foreign ¢urr•ncies
Monelary assets and liabilities denominated in foreign currencies are Iranslated into sleding at the rates of
exchange prevailing at the balance sheet dale. Transactions in foreign currencies a￿ recorded at the dale of the
transactions. All differences are taken lo the Statement of Comprehensive Income.
1.13 Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during
the year.
The regular cost of providing rel1￿ment pensions and related benefits is charged to the slalemenl of
comprehensive income over the employees, sernice lives on the basi$ of a constant percentage of eamings.
1.14 Cash at bank and In hand
Cash al bank and in hand include cash with a short maturity of I￿Ve1Ve months or less from the dale of acquisition or
opening of the dèposit or Similar account,
1.15 Employee Benefits
Forsighl Ltd provides a number of benefits lo èmployees including paid holiday arrangements.
Short temi bènefits, including holiday pay, are ￿cOgniSed as an expense in the period in whi¢h employees, seNice
is recèived. A provision 1$ made for the eslimaled liability for annual leave as a re8uII of sèrvices rendered by
employees up lo the end of thè finanaal year.
Redundancy costs S￿ recognised in the Statement of Comprehensive Income when there 1$ a demonstrable
commitment to temiinalion, with provision for future redundancy costs meaSu￿d al the best estimate of the
expenditure that would be required to settle the obligation at the reporting dale.
1.16 Leaslng and Hlre Purchase Commitments
Rentals applicable lo operating leases where substantially all the benefits and risks of ownership remain with the
lessor are charged to the Statement of Comprehensive Income.
Assets held under financ£ leases and hire purchase contracts a￿ capitalised 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 rentals is charged to the Stslemenl of Comprehensive Income over
the period of the lease using the sum of digits method.
Page 18 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.17 Allocation of Support Costs
Support costs, which cannot be attributed dife¢tly to one activity, are allocated in proportion lo the estimated support
re￿ived. The cost driver used for the allocation of support ¢o$ls is headcount. Support costs indude human
resources. finan￿, infomiation technology and governan￿.
Governance co$1$ a￿ the cost$ associated wlh the govemance arrangements and slalulory ￿qUirementS of the
mpany. These include costs related lo slralegic planning, data protection. audit and costs incurred due to legal and
statutory requirements.
1.18 Crltical a¢counting Judgements and estlmates
The preparation of these financial statements requires management to make judgements, eslimales and assumptions
that affect the application of poliaes and rèported amounts of assets and liabilities. income and expenses. The
resulting accounting estimates, wll by definition. seldom equal the related actual results.
Judgements and eslimales a￿ continually evaluated and are based on historical experiences and other factors,
including expectations of future events that are believed lo be reasonable under the circumstanc88.
The d1￿CtOrS consider the accounting estimates and assumptions bèlow lo be its critical accounting judgements and
estimates..
Establlshlng lives for depréciation purposes ol flxèd assets
The annual depreciation charge depends primarily on the estimated lives of each type of asset and estimalesof
residual values. The directors and management regularly review these asset lives and change them as nec&ssary
to reflect current thinking on ￿MainIng lives in light of prospective economic ulilisalion and physical condition of the
assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisalion changes
for the period. Detail of the useful lives is included in the accounting policies.
Income
The total incom¢ of the company for the year has been derived from its principal gctivlly wholly undertaken in
Northern Ireland.
Net Ineome
2024
2023
Nel income 15 slated after charging..
Depreciation
18,242
24,146
Employee8
Number of employees
The number of people. in whole time equivalents, employed by
Forsight Ltd is analysed into the following..
Trading activities
2024
2023
Number
Number
10
10
Page 19 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Note 4 (¢ontinued)
Employment costs
2024
2023
Wages and salaries
Social insurants costs
Other pension costs
176.363
6,144
2.752
177.830
1,790
2,516
185,259
182.136
The numborof hlgher pald èmploye•s was:
2024
2023
£60,000- £70.000
Transactlon¥ with dlrector¥
No member of the Board received any payment for expenses during the year.
In¢ome
Unrestrlctsd Restricted
2024
2024
Totsl
2024
Total
2023
Sales
Fundraising
Donations in Kind
270,977
25,230
1.116
270,977
25.230
1,116
317,659
31
860
Totsl Income
297,323
297,323
318,550
Expendlturo
Unreslrictèd Re$trlcted
2024
2024
Totsl
2024
Total
2023
Wages and salaries (Note 41
Funds paid to 3rd party support servi￿$
Other operating (expenses} l income
Support costs (note 71
{185,2591
{185,259) 1182,136)
{9,9341
52,477
170,350)
1184,3051
125,3391
1184,3051
125,3391
Total Expendlture
(394,903)
1394,903) 1209,943)
Page 20 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
2024
2023
Professional Fees
Infomation Technology
Advertising and Communicalions
12,962
323
12.054
32,699
779
36,872
Total
26,339
70,350
Tangible as80ts
Leasehold
Improvements
Motor
v&hlcle8
Totsl
Cost
Al 1 January 2024
Additions
Disposals
160,303
4,028
20,532
180.835
4.028
Al 31 De¢ember 2024
164,331
20,532
184.863
Depreclallon
Al 1 January 2024
On disposals
Charge for the year
32,533
10.266
42,799
16,189
2.053
18,242
At 31 December 2024
48.722
12,319
61,041
N*t book valu*J
Al 31 De￿rnber 2024
118,609
8,213
123,822
At 31 December 2023
127.770
10,266
138,036
Debtorn
2024
2023
Other debtors
P￿payMentS and ac¢rued in￿rne
4,342
21,105
8,139
71,307
25,447
79,446
Page 21 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Credltors". amounts falling due
within one year
2024
2023
Other crnyltors
Trade creditors
Amounts owed to related undertaking (note 13}
Accruals
29.280
319,615
14,990
14,855
250.304
16.424
Taxation cr•dltors
PAYEIPRSI
565
{253}
364,450
281,330
Trade Creditors and aeeruals are payable al various datés in the next three months in accordance with suppliers.
normal lemis. PAYEIPRSI is payable in aCP￿rdanCe with applicable stalulory provisions
11.
Reconclllatlon of movements in total Company funds
2024
2023
Opening company funds
Net incomel{expendilure) for the year
{28,3111 1136,9181
{97,5801
108,607
Total Company funds
1125,8911
128,3111
Analysed a$:
Unrestricted funds
Re$tri¢led funds
1125,891 }
128,311)
1126.891)
128.311)
12.
Analy81s of netassots bet•ieen funds:
Re8trleted
funds
Unrnstricted
Balancè
fund8 3111212024
Fixed Assets
Current Assets
Current Liabilities
123,822
123.822
114,737
114,737
1364,4501 1364.450}
1125,8911
112S,891)
Page 2Z of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Related party transacllons
Intercompany
year end balances
due Itollfrom
Company
Relationship
Transaction
NCBI Group
NCBI Retail
NCBI Charitable Foundation
NCBI SeNices
Ultimate Parent
Parent
Fellow subsidiary
Fellow subsidiary
Inlercompany
Intercompany
Inlercompany
Inlercompany
121.0841
{128.8611
{153,4931
(16,1771
14.
Flnanclal commltments
Al 31 December 2024 tha company had ¢ommilmenls under nOn-¢an￿lIable operating leases as follows..
Number of
Amount
Leases
Payable
Explry date:
Be￿een and five years
In over five year8
66.919
232,060
Total
298.979
16.
Ultlmats parent undertaklng
The company regards NCBI Retail as its immediate parent company. The ¢ompany's ultimate parent undertaking
18 NCBI (National Council for the Blind} Group. The address of NCBI Group is NCBI Head Office, ￿l￿Orth
Road, Drumcondra, Dublin 9. 009 RP70, Republic of Ireland.
16.
Gross ca8h flows
2024
2023
Capltal expendlturo
Payments to aquire tangible assets
4.028
83.678
4,028
83,678
Page 23 of 24

Forsight Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
Analysls of changos In net funds
Opening
balance
Cash
flows
Closing
balance
Cash at bank and in hand
35,537
53,753
89,290
Netfunds
35,637
53,753
89,290
18.
Golng ¢oncem
The Directors have satisfied themselves that the Company is in a position lo continue as a going concern.
19.
Financlal Instruments
2024
2023
Financial assets measured at amortised c08t
93,632
43,676
Financial liabilities measuffjd al amorti8ed Gost
363,886
281,583
Financial assets measured at amortised cost comprise other debtors, amounts owed by group ￿)mpanIeS and
cash al bank and in hand. Financial liabilities measured at amortised cost comprise trade creditors. a¢cruals
and amounts owed lo group companies.
20.
Company Ilmltsd by guarantee
The company is one limited by guarantee not having a share capital. The company 18 a wholly controlled
subsidiary of NCBI INational Council for the Blindl Group.
21.
Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
22.
Approval of financlal statemonts
The board of directors approved these financial slalements and aulhorised them for i$$ue on
Page 24 of 24