VISION ABILITY CIC

Company limited by guarantee

Company Registration Number:
13356673 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

VISION ABILITY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

VISION ABILITY CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Owais Niaz
Shahab Niaz
Mohammed Luqmaan Shafique


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 September 2024

And signed on behalf of the board by:
Name: Owais Niaz
Status: Director

VISION ABILITY CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 9,814 0
Cost of sales: ( 257 ) ( 630 )
Gross profit(or loss): 9,557 (630)
Distribution costs: 0 0
Administrative expenses: ( 28,828 ) ( 19,023 )
Other operating income: 29,357 28,790
Operating profit(or loss): 10,086 9,137
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 18 )
Profit(or loss) before tax: 10,086 9,119
Profit(or loss) for the financial year: 10,086 9,119

VISION ABILITY CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 501 0
Investments:   0 0
Total fixed assets: 501 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 20,539 10,831
Investments:   0 0
Total current assets: 20,539 10,831
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 2,123 ) ( 2,000 )
Net current assets (liabilities): 18,416 8,831
Total assets less current liabilities: 18,917 8,831
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 18,917 8,831
Members' funds
Profit and loss account: 18,917 8,831
Total members' funds: 18,917 8,831

The notes form part of these financial statements

VISION ABILITY CIC

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 September 2024
and signed on behalf of the board by:

Name: Owais Niaz
Status: Director

The notes form part of these financial statements

VISION ABILITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Hire purchase and leasing commitments Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

VISION ABILITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

VISION ABILITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 0 0 0 0 0
Additions 0 0 0 629 0 629
Disposals 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 0 0 0 629 0 629
Depreciation
At 1 May 2023 0 0 0 0 0 0
Charge for year 0 0 0 128 0 128
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 0 128 0 128
Net book value
At 30 April 2024 0 0 0 501 0 501
At 30 April 2023 0 0 0 0 0 0

VISION ABILITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 2,000
Accruals and deferred income 0 0
Other creditors 2,123 0
Total 2,123 2,000

COMMUNITY INTEREST ANNUAL REPORT

VISION ABILITY CIC

Company Number: 13356673 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

In this past year, the organisation has undertaken a number of activities towards our aims. These activities included: - 61 One on One support sessions with 48 VI individuals, some of whom were supported on more than one occasion. These sessions included Welfare Applications, IT support and Training, Access to Health Services. - 6 Coffee Mornings, bringing together approximately 25 VI and Disabled individuals. - 35 weekly VI cricket training sessions, in collaboration with Active Neaham, engaging with 8 VI individuals. - 2 surveys, one on behalf of Tower Hamlets Council regarding quality of life in the borough and one on behalf of the NHS regarding Access to Health Services, engaging with 122 VI and Disabled individuals. - 1 Think tank, on behalf of the NHS, bringing together VI and Disabled individuals with representatives from local authorities and hospitals - 8 school visits, engaging with more than 1500 students and 100 members of teaching staff. - Participation at 7 community events, to promote our services and engage with our community. During these events, the company engaged with more than 2000 members of the public.

Consultation with stakeholders

The primary beneficiaries are Visually Impaired and Disabled Individuals living in London. Through the company's services, they have been helping them tackle the Cost of Living Crisis, Digital Inclusion, Isolation and Marginalisation, as well as Access to Health Services. They also make an effort to collaborate with as many like minded organisations as possible, so they can extend our reach and join our forces. Some of the organisations they worked with in the past year are: - One Place East (Redbrige) - Beyond Sight Loss (Tower Hamlets) - Active Newham (Newham) - Enabled Living (Newham) - Global Eyes (Tower Hamlets) - Age UK - Redbridge Sensory Team - Redbridge CVS - Rehabilitation Team of Tower Hamlets - Rehabilitation Team of Waltham Forest Especially in the case of Global Eyes, they have helped them in their transition from a community group to a Community Interest Company, by guiding them through the process of registering their company. They have also been working very closely with the Mayor of Newham, Rokhsana Fiaz, who has been very keen on listening to the community’s concerns and helping tackle them. Finally, through the organisation's visits to mainstream and special education schools, they have been spreading awareness, combating bullying and helping prevent avoidable blindness.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £18600 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 September 2024

And signed on behalf of the board by:
Name: Owais Niaz
Status: Director