ANGUS SOCIETY FOR THE BLIND
REPORT OF THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2024 (continued)
Recruitment and Appointment of Trustees
Under the requirements of the Society's Constitution, the Trustees are elected for one year only until the next Annual General Meeting. When a Trustee resigns, replacements are nominated by other Trustees with the aim of having representation from the clients, a variety of professional backgrounds and geographical cover of the area.
Risk Management
There are no financial risks known to the Trustees. Requests for special aids, equipment etc continue to grow, With the easing of restrictions after the pandemic, the number of visits is growing and demands for aids etc is growing, as well as the costs as some specialised items are very expensive. The Society has funds to meet expected demand over the next few years.
Trustees' Responsibilities
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing those financial statements, the Trustees are required to:
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. select suitable accounting policies and then apply them consistently;
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. observe the methods and principles in the applicable Charities SORP;
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. make judgement and estimates that are reasonable and prudent;
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. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business;
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. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:-
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Chairman
Date: 29 May 2025
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ANGUS SOCIETY FOR THE BLIND SCOThISH CHARITY NO. SC008915 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
ANGUS SOCIETY FOR THE BLIND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CONTENTS Pagelsl Report of the Trustees Independent Examlner's Report Statement of Flnancial Activities Balance Sheet Accounting Policies 8-10 Notes to the Flnancial Statements
ANGUS SOCIETY FOR THE BLIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Truste93 have pleasurè In presentlng thelr Report. Principal Pollcle$ to A¢hlève Oblectlves The Trust is using income to pay lor aids for clients and for direct financial grants lo clienls with particular quiremenls, resulting from their blindness. The Society is also supporting the work of North East Sensory Services, who hold the contract lo provide services lo the blind and partially sighted In Angus. lo ensure that the maximum benefrt is achieved from the contract. Investment Pollcy •nd Pèrfomiance The Trustees have the power of Investment as is generally appointed lo the Trustees and there are no speclfic policies laid down. The Society reiains in the BanklBuilding Society accounts, sufficient re5erNes lo cover a year's ekpecled cos15. The balance of Liquid Reserves are invested in a lowlmedium risk Portfolio. Flnan¢lal Inlormatlon & Future Developments The provision of service for blind clients in Angus is the responsibility of Angus Council, who have ¢onlracted with North East Sensory Services lo provided the service. Angus Society Is In direct conlacl with the workers who subfviil requests lor aids. grants elc and the Rehabililalion Worker meets regularly with the Tru51ees lo update them ol how the work Is proceeding. and lo discuss future needs for financial support lor the Clients. The Society also facililales the work by provision of suitable office accommodation. A grant Is 9iven lo NESS lo pay part of the costs of a part.time Volunteer co- ordinalor, who runs group5 in various burghs in the County. The Society is also supporting the running ol a*arenes5 sessions lor volunteers, social workers elc. Reser4e8 Pollcy The Society is aiming to preserve ils Capital and ulilise the income thereon lo support the blind and partially- sighted people of Angus. The income for the year was all spent in payments lo support the blind clients. Page 1
ANGUS SOCIETY FOR THE BUND REPORT OF THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2024 (continued) SCOTTISH CHARITY No. SC.008915 ADDRESS: TREASURER & SECRETARY INDEPENDENT EXAMINER Pan.'ILr JI IrNI.'ie ALa.'Il>Jll Chartered Accountan15 and Chartered Tax Athisers 7 Malcom'5 Wynd Kifriernuir Angus OD8 4HB DIRECTORS.. The Trustees lor the past year wer• as lollows:. Ichabmianl Governing Documgnt The Trust is a Scottish Charitable Incorporated Organisation and the pufposes and aJmini$lrative arrangement¥ are Sel oul in our Conslilulion. The Trust was constilulwj on 14th September 2012. and l&)k over the operatson ol Forfarshsre Society for the Blind. Constltullon and Obl•cts The aim ol the Trust Is lo enable blind and partially-sighled persons lo achieve Ihe maximurn deg¥ee of independence. good physical and emotional adiustment to their disability and to compensate them where appropriate by financial and social support Page 2
ANGUS SOCIETY FOR THE BLIND REPORT OF THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2024 Icontlnuedl R•cruitm•nl •nd Appolntm•nt of Tru8teo8 Under the requiremènts of the S¢xigty's Constituts'on. thtr Tru$ie&$ are 818Cted for one year only unbl the neKt Annual General Meeting. When a Twstee r&$igns. replacement$ ar• nominated by other Trustèès with the aim ol having representatson from the ¢lients, a variety of professional backgrounds and geo9raphical cover of the afea. Rl•k Man•g•m•nt There ar8 no financial risks known lo the Trust895 Raquasts lor special aid5. equipment elc continue lo grow. With the easing of restrictions after thè p•ndemic. thè number of visits Is growing and domands lor aids elc 18 growing. as w811 as the costs as $¢me $pècialised Items are very expensive. The Soa8ly has lunds lo meet expected demand over th& next few years. Tru•togI' Respon•ibilltl•• Thts Trustees ar• respDnsibl¥ for preparing the Report ol th• Trust808 and the financial statements In accordancb wlh pplicablt IJW and United Kingdom Accounting Standards (United Kingdom Generally Acceptod Accounting PrYi¢&l The law applieable lo charities in Scotland, Ihe Charities and Trustee Investment (Scollandl Act 2Q05. Charrties Accounts Iscoiiandl Rogulation$ 2006 las amended) and Ihe provisi¢ns ol the charity's conslilution requires the Iruslegs lo propare financial s¢atem8nls for each financial year whi¢h give 3 true and lair view of the slate ol affairs ol tho charity gnd ol tha incoming resources and application ol resources, ol the charity for that period. In preparing those financial statements, the Trustees are required lo.. ielect 5Ultable aecountsng p(>li¢i&s and thn apply them consi$tenlly". observe the method8 and pnnciple8 In the 8ppli¢able Charities SORP.. make judgement and e51imale$ Ihal are reJ$onab1e and prudènt., ppare the financAal siatemenls on a going corscern basi8 unl•o8 il 1$ inappropriate lo pr•$ume that Ihe charity will continue in busines$'. stale wl)elher applicable accounting standards and statements of recommen¢Jed prgctice hav8 b8en ltsllowel. subject to any departureg di5¢10sed and •xplainèd In the finanal slatemenls The Trustees are responsible for keeping proper accounting record5 which disclose ¥th reasonable accuracy at 4ny time the financial p0511ion of the charity and lo enablg thèm to ènsure that the financial slalements comply wth tha Charitie5 and Truglee Investment (Scollandl Act 2005. the Charities Accoiunts IS¢ollandl Fqegulalions 2006 las amended) and thè pfovisiong ol tho charivs constitution. They are al$¢ responsiblè lor safeguarding the assels bf tha charity and hence for takin9 reasonable steps lor the prevention and detection ol Iraud and other irregularities Approved by the Tlte5 #nd #ign•d on th•lr bèhalf by:" Ghaim)an Date .) fryfix Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANGUS SOCIETY FOR THE BLIND FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report on the accounts for the year ended 30 Septembef, 2024 which are sel out on pages 5 - 10. Respectlve Responsibilities of Trust•e$ and Examln81 The charity's Iruslees are responsible for the preparation of the accounts in accordance with the terms ol the Charities and Trustee Investrnent Iscollandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006 las amended). The charity Iruslee5 consider that the audit requirement of Regulalic 1011 Ila) lo Icl of Ihe Accounts Regulations does not apply 11 is my resposibilily lo examine the accourtls as required under Section 4411 Ilcl ol the Act and lo slate whether particular matters have come to my attention Basis of the Independent ex•minerf$ report My examination was carried out In accordance with Regulation 11 of the Charities Accounts (Scollandl Regul81ions 2005 las amended) An examination Includes a review ol the accounting recorlls kept by the charity and a comparison of the accounts presented wilh those records. 11 also includes consideration of any unusual items or disclosures in the accounis, and seeks explanations from the Iruslees concernir)g any such matters The procedures undertaken do not provide all the evidence.. that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounis. Independent examlner's statement In the course of my exarninalion, no maller has come lo my attention.. 111 which gives me re350nable cause lo believe that. in any material respect, the requirements lo keep accounting records In accordance with Section 4411 Ila) of the 2005 Act and Regulation 4 d the 2006 Accounts Regulations las amended)., and lo prepare accounts which accord with the accounting records and lo comply with Regulation 8 of the 2006 Accounts Regulations las amended) have not beèn mel or 121 to which. in my opinion, attention should be drawn in order lo enable a proper understanding of the acccu'n;s 10 e reche(l Siqne(J Cliarteied AicoLinlanls and Chartered Tax Advisers 7 Malcolm's Wynd. Kirriemuir Angu5 DD8 4H8 Dale.':Iq 202% Page 4
ANGUS SOCIEfY FOR THE BLIND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Funds Totsl Funds 30.9.24 Total Funds 30.1.23 Notes INCOME Donations and Legacies Incorne frorn charitable aclivltles Other Income Investmont Incorno Total Income 894 894 36.138 37,032 36.138 37,032 32,873 .873 CHARITABLE EXPENDITURE Expendlture on charitable activities Payments lo and on behalf ol the Blind 67,450 67,450 44,705 Total ¢xpgnditur¢ 67.450 67,450 ,705 Net incomellexpgnditur¢ before gains and losse8 on Investments 30.418 30.418 ,832 Net gainslllossesl on investments 75.579 75.579 ,982 Net movements in funds forthe year 45.161 45,161 ,8501 Reconciliation of funds: Total funds brought forward Totsl tunds carried forward 1.124.819 1.124,819 1,12 1.169,980 1.169.980 1,12 .669 819 Page S
ANGUS SOCIETY FOR THE BLIND BALANCE SHEET AS AT 30 SEPTEMBER 2024 30.9.24 3D.9.23 Not•8 FIXED ASSETS Investments 1,083.116 1,083.116 1.015,127 15,127 CURRENT ASSETS Debtois Cash 81 Bank an¢J In Hand 25.520 66.106 91.626 1,923 112.556 14,479 LIABILITIES Cre(Jilors falling due within one year 4.762 4,787 NET CURRENT ASSETS 86.864 109,692 NET ASSETS 1.169.980 4,819 FUNDS Unrestricted Total charlly fund$ 1,169,980 1,169,980 1,124.819 4.819 Approv¢d by th• Trustees on .Yi Y and 81gned on thfrlr behalf by: Ch31rman Page 6
ANGUS SOCIE FOR THE BLIND ACCOUNTING POLICIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The principal accounting policies adopted, which have teen applied consislenuy In the current and preceding year in dealing with rtems which are considered material lo the accounts. are sel out below. i Ba818 of Accounts The financial slalemenls have been prepared in accordance with Accountsng and Reporting b Charities. Statement of Recommended Practice applicable lo charities preparing their accounts I a¢¢ordan¢e with the Financial Reporting Standards applicable in Ih UK and Republic of Ireland IFRS1021 Issued on 16107114 and the Financial Reportlng Standard applicable In the UK and Republi4 of Ireland IFRS1021. the Charities and Trustee Investrnenl {S¢oand) Act 2005 and the Charitie4 Accounts Iscotiandl Regulations 2006 las amended). Fund Accountlng Funds are classified either as reslricled funds or unreslricled funds. defined as follows Unieslricled funds are expendable al the discrebon ol the Ifuslees in furtherance of the objects of the charity 11 parts ol the unre51ricled funds are earmarked al Ihe dixrelion of the Iruslees for a particular purpose. Ihey are designated as a separate fund This designation has an adminislralive purpose only and does not legally restrict the trustees, discretion to apply the fund. Donatlons, Legacles & Slmllar Income Donations, general legacies and similar Income are included in the year in which they are receivable,1 which is when the ¢harity becomes enlilled lo the resouice Legacies bequeathed for spe¢ific purposes, on terms which create a binding trust, are accounted lor as funds held for restrictedl purposes. Investment Income Income from Investments is recognised in the year in which il Is receivable. Expenditure All expenditure is included on an accruals basis and is recognised whefe there is a legal or conslruclive obligation to pay for expendilure All costs have been dife¢tly attributed lo one of the fun¢lional categorie5 of resources expended In the SOFA The Charity is not regislered for VAT and accordingly expenditure is shown gross of Irrecoverable VAT. Invostment• Fixed asset investments are stated at market value al the balance sheet date. Unfealised gains and losses represent the difference behveen the market value al the beginning and end ol the financial year or, If purchased In the year. Ihe difference between cost and market value al the end of the year. Realised gains and losses repfesenl the difference behveen the proceeds on disposal and the market i value at the stsrt of the year or ¢051 if purchased In the year. Page 7
ANGUS SOCIETY FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 30.9.24 30.9.23 Donatlons & Legacies Bequests. Legacies & Donations elc. 894 Payments to and on behalf of blind Unrestricted funds Benevolence Aids Costs of generating funds Contribution to Volunteer Co-ordinator Office Expenses for NESS worker5 In Angus Management and administration Isee note 31 Awareness Days ele Governance cost (see note 41 Conlribbulion lo YPSS and ITC Work done by NESS 740 1.394 12,720 | 13,651 7,712 7.439 12,000 | 12.000 7,160 6.710 1,611 2.797 267 492 240 222 25.000 87.450 44.705 Managèment and adminlstration SecrelarylTreasurer's Salary P951s. Stationery & Advertising Travel Expenses Meeting Expenses Miscellanous 1,330 107 48 126 12.381 104 40 120 152 2.797 1.611 Governance Costs Independent Examinerfs Fee 240 222 Trustees Remuneratlon and Related Party Transactions Trustees are not remunerated for their services as Iruslees During the year, Alison Scolhern acted as secrelaryllreasurer and was paid £1,3301£2381 20231 lor her services. £301£40 in 20231 for mileage. and £921£104 in 20231 for telephone elc. £15 was paid lor Mileage etc I£0 In 20231 was paid lo Mrs Jean Stevenson A proposal will be put lo the Annual General Meeting to re-apF)oint Mrs Scolhern for a further year Page 8
ANGUS SOCIETY FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS Icont.) FOR THE YEAR ENDED 30 SEPTEMBER 2024 30.9.24 30.9.23 Flxed Asset Investments Market Value brought forward Add Additions lo investments al cost Cash inlroducedllwilhdrawnl Disposals al carrying value Nel Gain (Lossl on Revaluation Market Value at 30 September 2024 1,105.127 64.633 1,014,584 82,306 145.1191 48.475 1,033,116 131,5661 59,803 05.127 Listed UK Securilies Cash al Sl¢xk-Broker 1,021,806 11.310 1.033,116 1,fy8,227 6.900 1,105.127 Debtorn Investment Income Prepaid ¢onlribulion for YPSS and ITC 520 25,000 25,520 1.923 1.923 LlabilltlO8 Other Creditors and Accruals Others 4,763 4,763 14 787 4,787 Page 9
ANGUS SOCIETY FOR THE BLINO NOTES TO THE FINANCIAL STATEMENTS IconLI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Balanco at JO.9.23 Incomlng Outgolng Galn on Rg$ourc R•sourc Reva- luatlon Balance at 30.9.24 Movoment In Fundi Unrestrlcted Funds General Funds Total Funds 1.214.819 37.032 1,214.819 37.032 67 450 67,450 75.579 1.169.980 75.579 1,169.980 Page 10