Charity registration number 1009955 (England and Wales) Company reglstratlon number 02698040 THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION LEGAL AND ADMINISTRATIVE INFORMATION Patron G Naylor MB ChB, FRCS(ED), FRCOPHTH Trustees Pat Lord Joseph Bannister Bevertey GarTity David Wyatt Cynthia Cunnane TraY Evans Daniel Pack fjlliam Smith (appointed 19.6.24) (appointed 19.6.24) (appointed 23.10.24) (appointed 26.2.25) Chalr Joseph Bannister Vice Chair Beverley Galty Chlef Executive and Company Secretary Charity number Maria Kirkland 1009955 Soclal landlord number L4005 Company number 02698040 Prlncipal address and Reglstered Office Bosworth Place Squires Gate Blackpool Lan¢ashire FY4 1SH Audltor Champion Accountants LLP Unit 2, Olympic Court Boardmans Way Vlhitehills Business Park Blackpool Lancashire FY4 5GU FY4 5GU Bankers HSBC Bank PIC 1 Newhouse Road Oxford Square Blackpool Lancashire FY4 4YH
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION LEGAL AND ADMINISTRATIVE INFORMATION Barclays Bank PIC 1 Birley Street Blackpool Lancashire FY1 1DX Solicitors Imlsons Solicitors Alexandra House St Johns Street Salisbury SP12SB
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION CONTENTS Page Trustees, report Statement of Trustees, responsibilitEs 15 Independent auditor's Teport 16-19 Statement of financial activities 20 Balance sheet 21 statement of cash flov 22 Notes to the financial statements 23-41
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION WELCOME Welcome to N-vision's Annual Report for 2024125 and what a successful year it has beenl As a team, and Working to some common goals, we have achieved so much this year with many development5 to shout about and celebrate. We have continued to set the bar high in the Princess Alexandra Home. providing outstanding care and support and building upon our Good CQC rating. In September this year we were awarded "Investors in Peoplè" accredrtalion and continue to work through their recommendations for improvement. Ive continue lo meet OUT ISO standards and accreditation, which is testament to our wonderful staff members working in the care home. Wth the support of our Communtcations and Fundraising Officer, the charity ha5 gone from strength to strength, raising our profile in the community and estabSishing nelworks with other communty groups, professionals, agencies and providers. We have invested in our IT and digital infrastructure including-. progressing our electronic care planning system, Nourish; a complete upgrade to our Talking News studio and equipment with the support of some of our bigger nders, Beaverbrooks and Lylham Rotary Club., and working with Northern Monkey to upgrade the functionality of our website, which now enables donations to be receNed online through the support of the Charities Aid Foundation (CAF). We have invested skilled time into our social media channels having a significant presen¢e on Facebook and our new YouTube channel Working within the charity sector can be challenging and unpredictable in its demands and we have worked together to be responsive as "one collective" in order lo continue to meet the needs of our residents, clients, beneficiaries and siakeholders. This year has come with its own unique cha15enges, which have included.. overcoming staff sickness- ensuring innovation whilst conducting day-tovday activities- increased revenue which increases )Nort(load,' and balancing income and expenditure with significant increases to our overheads. However, through each and every staff members, valuable contribution. increased resilience, passion and enlhusiasm, we have delivered in all areas of Ihe charity and the Senior Managemenl Team and Board of Trustees want to thank all the staff personally for their hard work. We have conb'nued to receive grant funding from Eric Wlright Charitable Trust and Lancashire and Merseyside Community Foundation, which has enabled the community service team to continue delivering vital services to our beneficiaries. On behalf of the Charity, we convey our sincere thanks to our Board of Trustees. our Patron and Members of the charity who have continued to lead N-vision into the next phases of development ensuring we are sustainable, financially sound and inclusive now and in the future. We should also like to thank any Truslees who have left office this year and wish them all the best with their future. Joseph Bannlster Chalr, Board of Trustees Maria Klrkland Chlef Executive
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees psent their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance wth the accounts.ng policies set out in note 3 to the financial statements and comply with the charity's governing document, Ihe Companie5 Act 2006, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" and the Housing SORP 2018. Purpose To support people living wilh sight loss and enhance their qualty of life, empower them to fulfil their potential and aspirations and promote their health and wellbeing. Objectives and actlvltles The objects of the Charity as defined in the Memoiandum and Articles ofAssociation are'.- (1) The relief of blind and visually impaired people in Blackpool. Fylde and Vfyre districts of Lar£ashire or outside of il, by the provision of accommodation, care and support services. 12) The relief of people in need by reason of age, ilkhealth. disability or other disadvantage in Blackpool, Fylde and WTe districls of Lancashire or outside of it, by the provision of accommodation. care and support services. (3) For the public benefil to raise awareness of blindness and visual impairnient through the provision of advice and information. N-vision aims to be characterised by integrty and fairness, and will acl In an open and honest way at all times. The established core services fully refflect the PUTpose and aims. N-vision constantly engages with service users. carers. staff, volunteers. partners and other stakeholders in order to inform and improve Servi provision wherever and whenever possible, within the constraints of available resources. In addition, the TTUStees refer to the Charity Commission's general guidance on public benefit Wh producing the Charitls Strategic PriorÈties. The main activities during the last year delivered a range of high quality services and was specifically achieved by: Providing professional care and stimulating actNities. in a safe and comfortable environment for the residents of the Princess Alexandra Home. Providing a range of quality, responsive services and support lo dients. carers and professionals in the community. Working in partnership with other agencies to provtde the widest range of sepdices to meet the ne1$ of our client group. Contribute to and influence the development and implementation of national and local strategy. N-vision is the major independent, charitable provider of serviS and activities for visually impired people across the Blackpool, Fylde and Wre areas. 71 staff, plus over 200 volunteers support approximately 2,700 clients, and their carets living in the catchment area, the majority of who are over 65 years of age.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Purpose and Values Purpose: To supporl people with sight loss, enhancing their qualty of life by empowering them to fulfil their potential and aspirations and promote their health and wellbeing,. Our Purpose Is supported by our Values: Our Cultu and the way we work is critical lo our success and achieving organisational excellence. Our six Core Values guide and influence all our work and are the enduring foundation of our culture. People Focussed: To provide timely and persOn-nIred care and support to our clients and their carersl families. Expert: To lead the way through our knovAedge and expertise to provide the best possible slanthrds of services and support. Responslve: To drive and be equipped to respond to the changes and challenges faced by our clnIS and the organisation. Influential: To represent the needs of visually impaired people and influence service planning and provision. Genulne: To build and maintain open and honest relationships through effective communication and partnerships. Collaborative: To work in partnership with our clients. colleagues and communities to achieve our vision and values. We hold ourselves to account and expect others to do so against our Values.
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and Performance N-vision continued to deliver a range of vital services and provide support for individuals living with sighl loss in the local area over the last 1ve months. PRINCESS ALEXANDRA HOME Care Services The Home provide5 accredited, high quality, Tesidential accommodation, respile and day care in a safe and comfortable environment for up lo 40 clients. There are also 6 fiats for residents who wish to. live more ndependently but still benefit from a secure environment where assistance is readily available when needed. The Home offers specialist care for visually impaired people. However, the accommodation is available to all. 6 permanent residents were admitted and 432 nights of respite care were provided during 2024125. The contraGt with Blackpool Council for the provision of respite care beds for adults with mild to moderate learning disabilities remains at 1 bed. A total of 32 nights of respite care was provided as the respite bed was then used as a permanent bed. We now provide pernianent care for 9 adults with learning disabilities. Managers attend Blackpool Council Residential Providers forum quarterly with the Director of Adult servlces. Registered Managers Network meelings hosted by Blackp)ol Council also take place quarterly. Residents enjoy and benefit from a wide choice of activities, including.. quizzes. dominoes. musical entertainment, art sessions, chair exercises. and the Growing for Life gardening project. A part time activities co- ordinator consults residents about their preferred activities and aims to accommodate something for everyone. The staff constantly strive to introduce new ideas. A volunteer holds a Coffee moming each Tuesday for the residenls which she uses as a reminiscence session. tE Caption.. Three images of some of the Year-Und fvn activities forresidents
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Significant events were also celebrated. Christmas, New Year, Easter. Halloween, Birthdays and variou5 themed days such as Chineselltalian and appropriate entertainment and catering is provided on such occasions. A celebration event was held to celebrate the 'Good' rating from CQC and to celebrate a member of the care team's 40 years of service in the organisation. Cheese and wine evenings have been held once a month as a social get together for the residents. A wide range of activities took place over the Chrislmas and New Year period, with some entertainment from community groups. A photograph 'gallery' recording these events is displayed in the Home. Partnership working with the Community Care Ctrordination Team and the New Model of Care initiative continues with the aim of reducing pressure on GPS and preventing admissions to hospitals. A monthly ward round also takes place with a doctor from the local surgery allowing more conlinuily in relation to medical issues. The Home continues to use the digital social care planning syslem "nourish. to record all care activity for residents. This is an evolving project that allow5 for much more accurate and detailed information lo be recorded. We continue to care for residents to the end of life working in collaboration with Hospice at Home and the District Nursing team. Quality standard accreditations were successfully retained during the year. The ISO 9001.'2015 was re-assessed ice throughout the year wilh no significant issues identified. The systems and procedures established lo meet these rigorous accreditations are continuously completed and reviewed and inform monitoting and Teporting processes. A monthly quality provider return is completed for Blackpool Council called PAMMS. This collects quality provider data and feeds it back into Blackpool Council and its partners. 11 covers topics such as quality and safety audits l infection control I preventable harm I medication I management I workforce. The Caregivers at Home client numbers continue to increase year on year. A total of 189 clients purchased a total of 9996.5 domestic hours during 2024125. The gardening seNice had approximately 61 clients purchasing 662 hrs of work. This flexible, needs-led service, supports clients to continue living independently in their own homes. Following an assessment by the Co-ordinator, individual requirements are discussed, identified and agreed. Staff undertake a variety of tasks including., cleaning, laundry, shopping, gardening, correspondence and community support for adults with learning disabilities. The service is also valued by relatives and carers by providing regular contact with their family member. COMMUNITY SERVICES Low Vlslon Centre The purpose of the Low Vision Centre is to promote. encourage and provide support for clients to achieve independent living. There are 2965 visually impaired people currently recorded on the database, who live in Blackpool, Fylde and Wre. From 1st April 2023 to 31st March 2024, 183 clients ceased contact, for various reasons and 359 new referrals were received throughout the year. The majority of new clients were referred via word of mouth and from the Blackpool Teaching Hospitals Trust through the Eye Clinic Liaison Officer. The other sources of referrals are diverse and include. the Stroke Association, Blackpool Victoria Hospilal Stroke Discharge UnÈt, orthoptists. Heallh and Wellbeing Officers. Health Practitioners, GP'S. Frailty Team. Care Givers, Social Prescribers and local Opticians.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 CAPTION.. Free a$ dispensed by ourLow ViSn Cenlre 1532 people accessed the Low Vision Centre for rehabilitation during the year and do so for many reasons. whether to seek advice, information and emotional support or to take advantage of our extensive range of equipment available lo aid independent living. In the Low Vision Team, we have two member5 of staff who have lived experiences of living with Sight Loss and this experience is invaluable in the running and delivery of an excellent service. Low Vlsion As part of the Low Vision Rehabilitation Pathway, the Support Vo(erS provide one lo one emotional, practical and rehabilitation support for new clier)ts, usually following a recent diagnosis or treatment of serious eye condrtions. The aims of the Low Vision Scheme are to provide visual aids to clients IFving With siglrt loss, improve eye health, help eliminate avoidable sight loss and to reduce the demand upon the Eye Clinic at Victoria Hospitsl, Blackpool. The Community Service Department is sub-contracted from Primary Eyecare to deliver low vision assessments both on site.and in the communty. Ive have four trained Low Vision Support Specialists who assess clients, functional vision and issue appropriate visual aids. including han&held magnifiers and anti-glare glasses. distance aids and so much more. Also, they would show technology and help them through the pitfalls ot learning technology. Clients are also referred on to other N-vision and external services. The ICB said our low vision Service is a ntre of excellence and would like to roll this out across England a5 il is a unique service. 342 Low Vision Assessments were conducted throughout the year.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Wision Rehabilitation Specialist IVRS) The VRS qualified in September 2024 (L5 Visual Impairment Rehabilitation Worter). This is a new important role in the team. working very closety with the Community Service Manager on delivering projects and training. The VRS roles and responsibililie5 are diverse and include the following-, writing case studies and testimonials, implementsng and managing projects. managing befriending volunteers. conducting LVAS, teaching clients how to use technology, conducting risk assessments and delivering intemal and extemal Visual Awareness Training. C8Ption.' Two of our own staff undenJoing Sighl Loss AWanesS training Eye Cllnlc Llaison Officer IECLO) The ECLO is funded by the Blackpool and the Fylde and Wyre Clinical Commissioning Groups. Based at Victoria Hospital. Ophthalmology Clinic the ECLO 15 an integral part and highly regarded member of the hospital team playing a vital role in advising, informing and referring patienls. at the point of diagnosis, to Ihe Low Vision Centre and the range of support and services offered. During the year, 1628 patients were supported by the ECLO through face to face or telephone contact. The ECLO also attends various committees and meetings within the hospital eg. Ophthalmic Directorate, Patient and Carer Experien and Involvement Committee and Equality and Inclusion Implementation Group. thu5 ensuring that the needs of p81ients wth visual impairments are represented and providing advice on the various methods available for effective communication. Asslstlve Technology Business has continued with our suppliers to ensure dients have had access to digital and electronic visual aids, either by visiting the Low vision Centre or by organising visits wilh suppliers in clients. homes. There has been an increase in the number of electronic aids sold, which includes; Electronic Magnifiers. Screen Readers, Orcams, Synapptic Tablets and Phones. The development and growth in the use of assistive lechnology continues in response to the demands of new clients. One-to-one Synapptic training has been delivered by the Low Vision Support Workers and Volunteer to 36 clients. free of charge. at the Low Vision Centre. COMMUNttY ACTIVITIES Community Engagement Our Activities Coordinator has delivered a range of activities throughout the year and including activities such as. Chair Yoga. Dancing. Walking, Indoor Climbing. Boccia, TePin Bowling and Social Groups. In total, there were 449 attendances to these sessions which is brilliant. The sessions have also been regularly supported by 44 volunteers, friends and carers.
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Captn.. One of our walking group oulings. to Stan18y Pa Outreach Vlslts Outreach visits have been provided by one of our Low Vision Support Vvorkers who conducts Low Vision Assessm8nts in the clients, hornes. The demand for this Servi has increased, as we have seen an increase in referrals from the Frailty SeNice for clients who lack mobility and confidence in leaving their homes. This service enabled them to gain aGcess lo a range of visual aids to support them wlh their sight loss. 428 oulreach visits were conducted throughout Blackpool. Fylde and Ilfyre. Befriending Servlce Eric Wright Charltable Foundation have continued lo fund our befriending service for a second of three years, of a Multi-year Grant. This service has gone from strength-to-strength and is delivered by two members of staff and a team of volunteers. From July 2024 to March 2025. 391 befriending visits were made lo 57 clienls by the Iwo Befriending Officers. 10 volunteers on this service made 210 visits to clients in community. The leam of volunteers have met up for two peer groups sessions thi5 year whtch has worked really well. Caption." A befriending volunteerand her client Café Clubs Café Clubs continue lo be one of most popular services with Poulton Café Club being reignited. There were 899 attendances to our Café Clubs across Blackpool, Fylde and Wyre, which were 5UPPOrted by the Community Services Department staff and volunteers. The monthly Café Clubs are open to clients and their family members and carers at.. Holiday Inn Hotel, Blackpool,. North Euston Hotel. FleeoOd. The Tramway, Cleveleys, Thyme Café, Poulton., and the Glendower Hotel, St Annes.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Social Group The group meets every Thursday. from 10.00 am to 3.00 pm for a full day of activities including" bingo. quizzes, entertainment and a hot, -Course lunch. In total, 766 attendances were made by 22 clients, who aanged their own transport to and from the Group. Caption.. A Social Club session, supported by stam and volunteers Talklng News Servlce In the year, a total of 9252 Digital Audio Plugs (DAPS) were distributed. There has been a decline the number of distributions during the year, which can be attributed to several faclors. including acces5 to the service via the website and Sound Cloud option and the increased aeSSIbIlity of local and national news via smart devices. The team have sel up a new digital, YouTube channel. where news can be digitally uploaded and shaved with clients accessing technology. As lechnology advances it is important for the Community seiCe Department to provide a variety of platfomis and means for communicating with our clients, residents, volunteers and stakeholders. Caption.. Two of theTalking News team in the studio Community Services Manager The CSM plans to expand serVIS in 2025 onwards. such as developing,. a Children's and Young People Service (CYP), a Stroke Clinic, expanding our gardening and outdoors offer, developing our Communications Hub and providing mental health support to clients. The CSM sits on the Local Optical Committee and Lancashire Eye Health NeOrk and is helping to Eyecare Pathway across Lancashire. We now have a programme for eye clinic staff to shadow our Low Vision SpecFalist so they can get an insFght into the excellent work we do at N-vision.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Charity Shops The two charity shops have been led by a new Charty Shops Manager who started at the beginning of the financial year in April and who has brought an element of dynamism and fla for managing shops and attracting customers. He started by changing the Cleveleys Shop around and concentraling on Ihe constant flow of stock and using the window space to attract people into the shop. As for the Highfield Rd Charity Shop, that also was stuck in the past, and needed completely changing. The management team completely transformed the shop arOUr and, in a way, out with old, in th the new tactics and this has completely paid off, generating more sales than ever in this financial year. In this time, a volunteer was progressed into an Assistant Manager role, and another volunteei into a Cashier role. Caption.. One of our charity shops in 818ckpool All the team are working amazing alongsirje the Manager in Iransforming this space into a thriving charity shop and comtnunily hub who rely on a constant flow of afflazing donations comin9 through the doors on 8 day-lo-day basis. The work ethic of all of the staff and volunteers of both shops are a credit to the charity and the shops they See. Also, as a result of an expanding team they have gained support from two other members of the company one staff member from Care Givers, and one from the Care Home complementing our cross charity working and team approach.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT SERVICES Complete Catering Complete Catering consistently strives to achieve outstanding results within Health and Safetyl Food Hygiene regulations. They continued to retain their 5-star rating wilh the local EHO, which they have held over Ihe past 14 years. They also achieved a great rating wrth their latest ISO in5pects'on. The Kitchen staff successfully passed their level 2 food hygiene course and all in-house training provhled by the home was completed. They delivered a number of themed days throughout the year, which were enjoyed by residents and staff. This includes themes such as Mexican, Italian, Chilnese and Indian. They provide a special menu at Easter, bank holiday5 and the national holidays such as St Georges, Day and Burns Night. They provided a fiv&day menu over the Christmas period. Throughout the year, they have delivered more seNices for intem21 departments and external agenaes and including catering for our Visual Awareness Training, Tech Clubs and Social Groups. For VE Day 80th celebrations, they provided an extensive buffet with paty food reminiscent of the 1940's era. Residents have also been enjoying a monthly cheeseboard and nibbles evenings which have been well received. During volunteers, month they provided a varied buffet which was highly complimented by volunteers, residents and staff. Throughout the year they continued to develop modem dishes for the residents. This was to gain feedback for new menus, encourage residents to try new flavours and give them overall insight into their food preferences. They alway5 Strive to meet individual requests from residents. Complete Catering regularly donate to the home raffles to help raise money for the residents, amenities fund and this includes Christmas Hampers. bottles of alcohol etc. Complete Catering continues to provide a higPFqualty seprfice. producing vhiolesome home-made meals using fresh ingredients for both residents and staff. Urban Organlcs Urban Organics have continued to maintain our grounds and deliver a weekly gardening club for our residents, clients and volunteers. Caption." Our gafflening club in oursummertpouse 10-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal review Every effort is made to maximise income generation opporbjnities and secure independent income and align reSoUrS in order to fund and support seNices and infrastTUCture. The accounts Show a surplus of £441.419 (2024 £147.051} after a net loss on investments of £7,955 (2024 profit £24,391) and a revaluation of the Princess Alexandra Home surplus of £253,432. Retained reserves at 31 March 2025 amounted to £3,064,816 (2024 .' £2,623.397). being unrestricted funds of £1,894,407 and restricted fvnds of £1,170,409. The reseNes are held to enable N-vision to meet its charitable and legal obligations to its beneficiaries and employees. Specifica15y the purpose of its reseNes is to: _ enable the Trustees to manage the financial risks involved in providing the agreed seNi¢es and activities. enable the Trustees to provide for the development of new sep4ices. enable the Trustees to meet any shortfall behveen volunlary income and the economic cost of activities wholly, or partially, dependent on voluntary fund5. It is the Truslees, policy to achieve and maintain unrestricted funds. vthich are the free reserwes of the charity. at level equal to Ihe annual expenditure on our normal daY-tdaY activities, excluding any income, which currently equates lo approximately £1.9 mllllon. Ai present. the free reserves are £1.45 mllllon excluding fixed assets, and restricted reserves are £1.17million. The unrestricted free reserves are therefore not sufficient to cover a fijll year's expenditure. The restricted reserves include an amount of £1.136,885 which can only be realised if property and rtain fixtures were disposed of. Unrestricted reserves includes £472,023 of tangible fixed assets. It is the investment policy of the Trustees to invest funds not immediately required for day to day expenditure with recognised fund managers on a short temi basis with low risk and into liquid funds on the recommendation of Independent Financial Advisors. N-vision is a local. independent. registered chatity and whilst there is reliance on legacies and donations, every effort is made to maximise income generation opportunities and identify and secure new streams of fLnding, independent income and reSoUrs. The principle funding sources are fvom the provision of care home services, with other services provided by Caiegivers at Home and the Low Vision Centre, supported further by charity shop income and modest grant furKling. 11
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 ADDITIONAL INFORMATION Human Resources and Health and Safety Peninsula Business Services continued to provide timely and expert advice ensuring compliance with Human Resources and Health and Safety legislation and best practi. Hearts of Gold Award The monthly Hearts of Gold Awards continue with staff across the organisation gaining recognition and reward for going over and above their usual duties for the benefit of residents, clients and colleagues. Volunteers N-vision is proud of 811 of 108 adive volunteers. who give up their time every week to support the delivery of our services and support our clients and residents living with sight loss. Thirteen new volunteers were recfuited this year in a number of roles and including our new Walking Buddies. Seven of our wonderful volunleers volunteer in a number of roles and capacities across the charity. which is commendable. We celebrated Nats'onal Volunteers Week in June this year with over forty volunteers attending this annual event in Sharples Hall. Publicity and Raising Awareness N-vision has implemented a new digital donation function on our website and_the system is working well with steady donations coming in through the website. social media and the QR codes links. We have issued new collection boxes featuring the QR code for digital donations. The QR code is being used extensively, such as on the new Signature Guide Card giveaway. Regular newsletters were sent out to all of our clients, staff member5 and volunteers Ihroughout the year to keep them abreast of N-vision a¢tivities, achievements and upcoming events. Our communications officer has attended many nelworking events delivering awareness raising lalks whilst growing our database of community contacts, proving very successful in widening our networks. She has delivered talks about N-vision to rotary groups, local libraries, Blackpool Business Leaders Group and various community events. Training and Development Staff at N-vision take part in intemal and external training relevant to their roles and we ensure that all Mandatory Training is completed. Our Care Home staff have completed Fire Safety, Safeguarding L2, Health and Safety. Food Hygiene, Moving and Handling, Basic Life Support IBLS) and Infection Prevention using Flexebee as an online training platform. We now have two qualified ROVI'S (Rehabilitation Officers for the Vistjally Impaired) who have achieved L5 accreditation and 6 qualified Low Vision A55essors conducting LVAS on site and in community. The Community Service Department has delivered Visual Awareness Training to a GP Medical Practice. external professionals. intemal staff and volunteers throughout the year. Our Low Vision Specialist has delNered over 20 one-to-one sessions for use of Synapplic and our regular volunteer has delivered over 30 sessions wilh clients. Partnershlps We have continued to work wrth our many partners locally. regionally and nationally, including,. our Ihree Local Authorities, NHS England, Inlegraled Care Board (ICB), Quality Officers. CommissioneF5, Vision Aid, Associated Optical. Synapptic, British Wireless, Visionary. VCFE Leaders Group. Lancashire Eye Health Network (LEHN), Local Optical Committee (LOCI. Blackpool Business Leaders Group, Fylde Responsible Business Partnership, Friends of Solaris Centre, One Fylde, Rotary Blackpool Sunrise, Grundy Art Gallery, Vl Forum for Lancashire and RNIB. 12-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Plans for the Future Strategic and Business planning are key responsibilities for the Board of Trustees in ensuring effective governance, an efficient infrastructure and responsive, quality service provision. N-vision's Strategic Priorities 2025-2028 are supported and delivered through our Business Plan, Risk Register and Busine55 Continuity Plan. These policies are regularly monitored and updaled to reflect any changes and achievements. The Trustees, Members, Staff and Volunteers are committed to working together to achieve the Strategic Priorities and support our Purpose and Values. During the next two years we aim to: 1. Listen to, know and understand the needs of our current and future clients. 2. Ensure that our workforce is trained, confident in their roles and have opportunities for development. 3. Continuously strive lo improve performance. report impact and retain quality standards. 4. Represent and champion the aspiratrons and needs of visually impaired people and those with other disabilities. 5. Build resilience and be resource and financially secure with robust Business and Continuity Plans in place. 6, Communicale effectively, work collaboratively and in partnership with individuals, organisation5 and communilies to achieve our Strategic Priorities and contribute to wider local and national developments and initiatives. Structure, Governance and Management N-vision 15 the trading name of the Blackpool, Fylde and Wfyre Society for the Blind, is a registered charity, company limiled by guarantee and a registered social landlord. The goveming document is the Memorandum and Articles ofAssocialion as amended 16 Dernber 2020. The Charity's Board of Trustees meet quarterty and are responsible for the goverrsan¢e, policy and strategic direction of the Charity. The Charty is also guided by both local and national policy. None of the Truslees ha5 any beneficial interest in the company. All the Trustees are also Directors for the purposes of company law and guarantee to contribute £1 in the event of a winding up. The Trustees, who are also the Oirectors for the purpose of company law, and who served during the year and up to the date of signature of the financial statement5 were: Pat Lord David Wyatt Joseph Bannister Beverley Garrity Wiliam Smith Cynthia Cunnane Tracey Evans Daniel Pack (appointed 26.2.25) (appointed 19.6.24) (appointed 19.6.24) (appointed 23.10.24) 13-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have the power at any time to appoint any person to be a Trustee either to fill a casual vacancy or as an addition lo the existing Trustee5, bul so that the total number of Trustees shall not, al any time, exceed the number for the time being fixed in ac¢ordance with the Articles. Any Trustee so appointed shall hold office only until the next following Annual General Meeting and shall then be eligible for re-election. The Chief Executive and a Senior Management Team are responsible for providing timely and effective support. information and advice to the Board of Trustees, the implementation of governance and strategy, compliance with legislalive and regulatory policy and best pracb'ce and the effective management of operational matters. The Trustees regularty Teview the major risks to which N-vision is exposed and the systems which have been established to mitigate those risks. N-wision also operates an internal audit prOdure. Significant external risks to funding in relation to cuirent activities have been addressed and intemal risks are minimised by the implementation of procedures for authorisation of all transactions and projects to ensure consistent quality of delivery of all aspects of N-Vision'5 operational activity. These procedures are periodically reviewed to ensur8 that they meet the needs of N-vision. Auditor In accordance with the company's arlides. a resolution pioposing thal Champion Accountants LLP be reappointed as auditor of the company will be put at a General Meeting. Disclosure of Informatlon lo audltor Each of U)e Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is awafe of such infomiation. This report has been prepared in accordance with the specia5 provisions relating to small companies within Part 15 of the Companies Act 2006. On behalf of the board of Trustees Ister oard of Trustees Chair, 14-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who 2re also Ihe director5 of The Blackpool Fylde and Wyre Society for the Blind TIA N-vision for the purpose of company law, are responsible for preparing the Trustees. Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustee5 to prepare accounts for each financial year which give a true and fair view of the State of affairs of the charty and of the incoming reSoUrS and application of resources, inckjding the income and expenditure, of the charitable company for that year. In preparing these accounts. the Trustees are required to: select suitable accounting policies and then apply them consistently- - observe the methods and principles in the Charities SORP; make judgements and estimates Ihat are reasonable and pnjdent., stale whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the tharity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the chaiity and enable them to ensure that the accounts Comply with the Companies Acl 2006 and the Housing Act 2018. 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 irregularilies. Company law 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 Tesources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial 5talements. the Trustees are required to.. select suitable accounting policies and then apply them consistentty; - observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charily will continue in operation. The Trustees are responsible for keeping adequate accounting OrdS that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies A¢1 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detecb'on of fraud and other IrregularitS. 15-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION Opinion We have audited the financial statements of The Blackwol Fylde and Wre Society for the Blind TIA N- Vision (the 'charrty') for the year ended 31 March 2025 which comprise the statement of financial activities, the ba18nce sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standanl appliG8ble in rh8 UK and Republic ofireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements-. give a true and fair view of the state of the charitabie companys affairs as at 31 March 2025 and of ils incoming reSoUrS and application of resour$, including its income and expenditure, for the year then ended., have been properly prepared in accordan wrth United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKJ) and applicable law. Our responsibilities under those standards are further described in the Audilorfs SponSIbl1itieS for the audit DI the financial slatements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the Truslees. use of Ihe golng concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not identified any material UnrtaIntIeS relating to events or conditions that, individually or collectively. may cast significant doubl on the charity's ability lo continue as a going concern for a period of at least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the Trustees with respect to going concem are described in the relevant sections of this report. other Informatlon The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The TTUStees are responsible for the other information conlained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance condusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we idenlify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomied. we conclude that there is a material mi5Statement of this other information, we are required to report that fact. We have nothing to report in this regard. 16-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit. the information given in the Tnjslees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the pUOSe$ of company law, is consistent with the financial statements.. and the directors, report included within the Trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the lighl of the knowledge and underslanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report included within the Trustees, report. We have nolhing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and retums., or rtain disclosures of Iruslees, remuneration specified by law ale not made- or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled lo prepare the financial stalemenls in ac£ordance with the small Gompanie5 regime and take advantage of the small companies, exemptions in preparing the Trustees. report and from the requirement to prepare a strategic report. Responslbllltles of Trustees A5 explained more fully in the ststement of TTUStees' responsibilities, the Trustees, who are also the directors of the charty for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is ne$sary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slatements, the Trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, malters related to going concem and using the going concern basis of accounting unless the Tnjstees either intend to liquidate the charitable company or to cease operations, or have no realistic alternalive but lo do so. Audltorfs responsibllitie5 for the audit of the financial statements Our objectives are to obtain reasonable assurance alx)ut whether the financial ststements as a whote are free from material misstatement, whether due to fraud or error, and lo issue an auditors report that includes our opinion. Fleasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement en it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Iftegularities. including fraud. are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, oullined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. 17-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION As part of our planning process.. we enquired of management the systems and controls the company has in place, the areas of the financial statements that are most susceptible to the risk of irregularities and fraud. and whether there was any known, suspected or alleged fraud. Management did not infoTm us of any known, suspected or alleged fraud. we obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant . Charities SORP FRS102, Companies Act 2006 and The Housing Act 2018. we considered the incentives and opportunities that exist in the company. including the extent of management bias, which present a potential for irregularities and fraud to be perpetrated. and tailored our risk assessment accordingly. using our knowledge of the company. together with the discussions held with management al the plannin9 Stage, we formed a conclusion on the risk of misstatement due to irregularities induding fr8ud, and tailored our procedures according to this risk assessment. The key procedures we undertook to detect irregularities including fraud during the course of the audit included. identifying and le5ting joumal entries in the overall accounting records, in particular those that were significant and unusual. reviewing the financial statement disdosures and determining wheth8r accounting policies have been appropriately applied. reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates, in particular in relation to depreciation. freehold property valuation and restricted funds movements. assessing the extent of compliance wth the relevant laws and regulations. testing key revenue streams, in particular cut-off and recoverabilily for evidence of management bias. obtaining third party confirmation of malerial bank balances and investments. documenting and verifying related party transactions and balances. There are Inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transaction5, the less likely it is that we would become aware of non-compliance. Auditing Standards also limit the audit procedures required to identify non-compliance wilh laws and regulations to enquiry of the directors and other management, and the inspection of regulatory and legal correspondence. Material misstatemenls that arise due lo fraud can be harder to detect Ihan those thal arise from error as they may involve deliberate concealment or Gollusion. A further description of our responsibilities is available on the Financial Reporting Council's website at= https:11 www.frc.org.ukJauditor5responsibilities. This description fomis part of our auditorfs report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance wtth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitakje company's members Ihose matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have formed. 18-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION Deborah Thom FCA (Senior Statutory Auditor> for and on behalf of Champion Accountants LLP a10)J5 Chartered Accountants Statutory Auditor Unit 2 Olympic Court irtehills Business Park Blackpool Lancashire FY4 5GU Lancashire FY4 5GU 19-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donalions and legacies Charitable activities Other trading activities Investments Other income 177,679 1,670,835 227.187 34,615 9,194 76.784 254,463 75.520 1.746.3S5 227,187 34,615 9,194 13,381 1.445.155 190,274 34,254 6.504 70,331 83,712 80.173 1.525,328 190.274 34,254 6,504 Total Income 2,119.510 152,304 2,271,814 1,689,568 150,504 1,840,072 Expenditure on: Flaising funds Charitable activities Other expenditure 181.693 1,742,263 181,693 151.916 1.894.179 152,635 1,677,581 7,125 152.635 174,173 1,851,754 7,125 15 Total expendilure 1,923,956 151.916 2,075,872 1,837,341 174,173 2,011,514 Net gainsl(losses} on investments 16 (7.955) (7.955) 24,391 24,391 Net incomel(expendlture) 187,599 388 187,987 (123,382) {23,669) (147,051) Other recognised galns and losses: Revaluation of langible fixed assels 253,432 253,432 Net movement In funds 11 441,031 388 441,419 (123,382) (23,669) (147,051> Re¢on¢lllatlon of funds: Fund balances at 1 April 2024 1.453,376 1,170,021 2.623,397 1.576.758 1,193,690 2,770,448 Fund balances at 31 March 2025 1,894,407 1,170.409 3.064,816 1.453.376 1,170,021 2,623,397 All income and expenditure derive from continuing activities. -20-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 1,608,908 1,361,163 Current assets stocks Debtors Investments Cash at bank and in hand 19 20 21 4,520 101,695 1,191,762 306,443 6,550 107,470 1.179.427 106,649 1.604,420 1.400,096 Creditors: amounts falling due withln one year 23 (148,512) (137,862) Net Current assets 1,455,908 1,262,234 Total assets less current Ilabllllles 3.064,816 2,623,397 Net assets excluding pension Ilablllty 3,064,816 2,623,397 The funds of the charfty Restricted income funds Unrestricted funds - general Unrestricted funds - revaluation reserve 24 1,170.409 1.612.216 282,191 1,170,021 1,370,069 83,307 25 3,064,816 2,623,397 These financial statements have been prepared in accordance véith the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the TTuslees on . J¢4lo.l.a.,S.... MrJ P Chai nister oard of Trustees Company registration number 02698040 (England and Vvates) 21
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activitiès Cash generated froml(absorbed by) operations 30 203,519 (44,155) Investing activities Purchase of tangible fixed a55et5 Proceeds from disposal of tangible fixed assets Purchase of inveslments PrOedS from disposal of investments Investment income received {18,149) 12,504) 100 (278,213) 257.922 34.615 (928,234) 969,056 34,254 Net cash (used in)Igenerated from investlng activities (3,725) 72.572 Net cash used in financing actlvltles Net Increase in cash and cash equivalents 199,794 28,417 Cash and cash equivalents at beginning of year 1C6,649 78,232 Cash and cash equlvalents at end of year 306,443 108,649
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accoUnng estlmates and judgements In the application of the charty'5 accounting policies. the Tnjstees are required to make judgement5, estimates and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other facloTS thal are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affecls lY that period, or in the period of the revision and future periods where the revision affects both currenl and future periods. Critical judgements Useful economlc Ilfe of tangible fixed assets The useful economic lrfe of tangible fixed assets is judged at the point of purchase and reviewed at each financial reporting dale. The judgement is based on trustees in depth knowledge of the industry in thich the charity operates and of the individual assets. As standard, the useful economic lives are applied as shown in rK)te 3.6. At each Balance Sheet date, the Irustees undertake an assessment of the carrying amounts of the tangibl& fixed assets based on their knowledge of the assets to determine whether there is any indication that assets have suffered an impairment loss. Wthere necessary. an impairment charge is recognised in the Statement of Financial Aclivilies. At appropriate intervals, an extemal formal valuation of the freehold land and buildings is carried out. Key sources of estimatlon uncertalnty Impaimient of trade debtors At each Balance Sheel date. the truslees and their finance team undertake a review of outstanding debtor balances and estimate which, if any, should be impaired or provided against. This calculation is based on the financial position of the customers, the historic speed of paymenl, and any ongoing discussions between the Charity and the individual debtor. Income from donatlons and legacles Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and gifts Legacies Grants 17,165 160,514 13.400 30,565 160,514 63.384 11.881 1.500 10,000 21,881 1,500 60.331 63.384 60.331 177,679 76.784 254.463 13,381 70.331 83,712
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Blackpool Fylde and Wyre Society for the Blind TIA N-Vision} is a private company limited by guarantee incorporated in England and Wales. The registered office is Princess Alexandra Home. Bosworth Place, Blackpool, Lancashire. FY4 1SH. 3.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum & Article5 of Association, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102°) and the Charities SORP "Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019> and Accounting for Registered Socia Landlords. The charity is a Public Benefit Entity as defined by FRS 102. The financial Statements are prepared in sterting, which is the ftjnclional currency of the charily. Monetary amounts in these financial statements are rounded to the ne8$t £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below. 3.2 Golng Concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 3.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slatements. Endowment funds are subjed lo specific conditions by donors that the capital must be maintained by the charity. 3.4 Incomlng resources Income is re¢ognised when the charity is legally entitled to it after aTly performance conditions have been met, the amounts can be measured reliably, and it is probable that income wll be received. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. -24-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Donated goods a recognised as income when the charty has control over the item, any conditions associated with the donated item have been met. the receipt of the economic benefit from the use by Ihe charity of the item is probable and the economic benefft can be measured reliably. Stocks of undistributed donated goods are not valued for balance sheet purposes. In accordance with the Charities SORP. the general volunteer time is not recognised and reference is made in the trustee's annual report about their contribution. Grants include amounts receivable from local authorities and olher organisations. They are recognised as income when the charity has entFtlement to the funds. any perfom)ance conditions attached to Ihe grants have been mel, it is probable that the income will be reIved and the amount can be measured reliably and is not deferred. 3.5 Resources expended Expenditure is recognised once there is a legal or constfuctive obligation to transfer economic bènefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direcl costs altributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and supporl costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Resources expended are accounted for on an accruals basis inclusive of irrecoverable Value Added Tax, and have been classified under headings that aggregate all costs related to the category. Costs of raising funds comprise the costs of operating a charty shop and costs associated with general fund raising events. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities, and include staff costs .Govemance costs include audit fees, deprecialion and an elemert of office and salary costs. Support and govemance costs are allocated behveen cost of raising funds and expeThJilure on charitable activities. and the bases of allocation are set out in note 10. 3.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Tangible fixed assets are staled at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimaled residual value of each asset over ils expected usefvl life, as follows: Land and buildings Staight line over 92 year5 on building cost following revaluationlnil on land straight line over 5 years 20% on NBV Fixtures, fittings & equipment Motor vehicles The gain or loss arising on the disposal of an asset is determined as the dtfference beeen the sale proceeds and tho carrying value of the asset. and is recognised in the slatement of financial activities. -25-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles {Contlnued) 3.7 Current asset investments Current asset inveslments are inilially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed as incuffed. Changes in fair value are recognised in other recognised gains and losses except to the extent that a gain reverses a loss previously recognised in net income expenditure, or a loss exceeds the accumulated gains recognised in equity., such gains and loss are recognised in net incomel(expenditure) for the year. 3.8 Impalmiènt of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment 1055. If any such indallOn exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 3.9 stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct malerials and, where applicable, direct labour costs and those overhead5 that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 3.10 Cash and cash equlvalenls Cash and cash equivalents include cash in hand, deposits held at call with bank5, Other 5hort-tem liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 3.11 Financial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial inslruments. Flnancial instruments are recognised in the charitls balance sheet when the charity becomes party to the Contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the assel and seltle the liability simultaneously. Baslc flnancial assets Basic financial assets, which include deblors and cash and bank balances, are initially measured transaction price including transaction costs and aFe subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a matket rate of interest. Financial assets classtfied as receivable within one year are not amortised. -26-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollGle5 (Contlnuedl Basic flnancial liabilities Basic financial liabilities, including creditors and bank loans are inrtially recognised at transaciion price unless the arrangement constitutes a financing transaction, whlere the debt instrument is measured al the present value of the future paymenls discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate melhod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are Presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amoriised cost using Ihe effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. 3.12 Employee beneflts The cost of any unused holiday entillemenl is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to lerminate ihe employment of an employee or to provide termination benefits. 3.13 Retlrement benefits The charity partlcipated in a final salary scheme operated by Lancashire County Council until g June 2017 when membership was terminated on retirement of the last active member. The cost of providing retirement pensions and related benefits was charged lo the statement of financial activitie5 over the employees, service lives on the basis of a constant percentage of earnings. Any difference between the charge to the statement of financial activities and the contributions paid to the scheme was shown as an asset or liability in the balance sheet. 3.14 Organisation's status The charity is a company limited by guarantee. In the event of the society being wound up. the liability in respect of the guarantee is limited lo £1 per member of the charity. 3.15 Debtors Trade and other debtors are recogni5ed at the settlement amount due. Prepayments are valued at the amount prepaid. 3.16 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amounl due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised al their settlement amount after allowing for any trade discounls due. -27-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities PrIe$S Careglvors at Alexandra Home Low Vislon Centre Total 2025 Total 2024 Sale of goods Services provided under contract Performance relaled grants Charitable rental income 77.738 77,738 210,895 75,520 1,382,202 122,653 202,965 80,173 1,119,537 210.895 75.520 1.382,202 1.382.202 210,895 153,258 1,746,355 1,525,328 Analysis by fund Unrestricted funds R8slricted funds 1.382,202 210,895 77,738 1,670,835 75,520 75,520 1.382,202 210,895 153,258 1,746,355 Forthe year ended 31 March 2024 Unrestricted funds Restricted funds 1,119.537 202,985 122.653 80,173 1,445,155 80,173 1,119,537 202,965 202,826 1.525,328 Other trading activities 2025 2024 Shop income 227,187 190,274 other income Unrestricted Unrestrlcted funds funds 2025 2024 Net gain on disposal of tangible fixed assets Other income 100 9,094 6,504 9,194 6,504 -28-
THE BLACKPOOL FYLDE AND WfRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted Unrestrlcted funds funds 2025 2024 Fundraising and publlcity Other fundraising costs Staff costs Support costs 5,637 9,825 8,298 14,393 2,795 6,259 23,760 23.447 Trading costs Operating charity shops Staff costs Support costs 60,454 86,941 10,538 55,138 65,970 8,080 157,933 129,188 Total costs 181,693 152,635 Investments 2025 2024 Income from listed investments Interest receivable 33,467 1,148 33,702 552 34,615 34,254 -29-
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THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable activities (Contlnued) For the year ended 31 March 2024 N Wislon Caregivers Low Vlslon Home at Home Centre Social Centre Talklng News Total 2024 Staff cos15 Depreciation and impairment Catering services Renl, rates and water Light and heat Insurance Transport, travel and sub5iStence (incl minibus) Telephone Repairs, renewals and cleaning Printing, stationery and advertising Legal and professional fees Sundries Staff training and recruitment Low vision alds Computer expenses Bank charges other charilable expendilur8 643,957 188.366 209.627 1.057 6.226 1,049,233 21,738 185,743 13,918 42,238 15.872 174 599 22.511 185,743 20,205 59,249 24,337 1,179 3,190 1.587 3,929 10,632 5,291 393 1,063 529 2,126 1.058 7,887 8.787 12.409 20,296 8,787 88.485 204 888 42 973 90,592 9,711 23,559 2,912 9,711 33,998 10,711 1,949 6.498 212 650 7,480 1,342 107 7,126 2.404 72,465 5,270 9,530 72,465 18,952 9.877 988 329 2,488 27,709 27,709 1,109,585 197.463 329,799 11,543 15,705 1,664,095 Share of support costs (see note 10) Share of g0Veman costs (see note l O) 93,886 9,389 31,295 3,130 6,259 143,959 27,313 2.731 9.104 910 3,642 43,700 1,230,784 209.583 370.198 15,583 25.606 1.851,754 Analysls by fund Unrestr5Cted funds Restrided funds 1.056,611 174.173 209,583 370,198 15.583 25,606 1,677,581 174.173 1,230.784 209,583 370.198 15,583 25,606 1,851,754 -32-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs Support Govemance costs costs 2025 Support costs Governan costs 2024 staff costs 207,446 23,050 230,496 156.477 17.386 173.863 Audit fee5 Accountancy Legal and professional 8.460 8.460 8,960 5,610 13,566 8.960 5,610 13,566 24,480 24,480 207.446 55,990 263,436 156.477 45,522 201,999 Analysed beeen Fundraising Trading Charitable activities 8,298 8,298 190,850 8,298 10,538 244.600 6.259 6,259 143.959 6,259 80,813 187.659 2.240 53.750 1,822 43,700 207,446 55,990 263,436 156,477 45,522 201,999 11 Net movement in funds 2025 2024 The net movement in funds is slated after chargingl(crediting): Fees payable to the charity's auditor.. for the audil of the charity's financial statements - for other assurance services for tax advisory services Depreciation of owned tangible fixed assets (Profit)Iloss on disposal of tangible fixed assets 8,460 8,960 5,610 5,007 22,511 7,125 23,837 {100) 12 Trustees None of the Trustees (or any persons connected with Ihem) received any remuneration or expenses during the year. -33-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Description of charitable a¢tlvities NVI The Princess Alexandra Residential Home provides specialist residential accommodation and care for visually impaired residents. IA This is a community based seNice supporting older people in their own home. assisting with a variety of day to day tasks. Low Visio Centra This centre provides support for clients to achieve independent living via information sessions and technology exhibitions and workshops. The Social Centre provides community based clients with an opportunity for social inleraclion, witri bi-weekly sessions offering a range of activities. Gives access to the written word via a home based digital audko system. 14 Employees The average monthly number employees during the year was.. 2025 Number 2024 Number Management Charitable Activities 76 67 Total 80 71 Employment costs 2025 2024 Wages and salaries Social security costs Other pension Gosts 1,279,596 84,041 30,103 1,210,747 59,722 21.391 1,393,740 1,291,860 Full lime equivalent numbers of staff were 46 {2024 . 43). There were no employees whose annual remuneration v5 more than £60.000.
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Employees (Continued) Remuneration of key management personnel The remuneration of key management personnel was as follows.. Aggregate compensation 112,872 135,697 15 Other expendlture Unrestrlcted Unreslrlcted funds funds 2025 2024 Net loss on disposal of tangible fixed assets 7,125 16 Gains and losses on Investments Unrestricted Unrestricted funds funds 2025 2024 Gainsl(losses) arising on: Revaluation of investments Sale of investments {1,749) {6,206) 104,875 (80,484) (7,955) 24,391 17 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purp05e5.
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Tangible fixed assets Freehold land and buildings Fixtures, Motor vehlcles fittings & gquipmont Total Cost or valuation At 1 April 2024 Additions Disposals Revaluation 1,400,000 308,363 18,149 (4,607) 14,341 1,722,704 18,149 (4,607> 200,000 200.000 Al 31 March 2025 1,600,000 321,905 14,341 1,936,248 Depreciation and Impairment At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals Revaluation 65.328 10,938 285.630 12,150 (4,607) 10,582 749 361,540 23,837 (4,607) (53,432) (53.432) At 31 March 2025 22.834 293,173 11,331 327,338 Carrylng amount At 31 March 2025 1.577.168 28,732 3,010 1,608,908 At 31 March 2024 1,334,671 22.733 3,759 1,361,163 At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated itnpairment losses, their carrying amount would have been approximately £1,195,382 {2024 £1,146,632). The charity adjusted the value of land and buildings in 2025 in accordance with a informal indeperKlent valuation report prepared on an open market value basi5 and the trustees consider the current market value to be as stated in the financial stalements. They wlll continue to commission open market valuations of the propety at approximately 5 yearly intervals. 19 Stocks 2025 2024 Finished goods and goods for resale 4,520 6,550
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Debtors 2025 2024 Amounts falling due within onè year.. Trade debtors Prepayments and accrued income 89,387 12.308 93.909 13,561 101,695 107,470 21 Current asset Investrnents 2025 2024 Listed investments 1.191,762 1,179.427 Cash balances included above of £17.383 (2024: £10,666) Vre not invested at the Balance Sheet date. 22 Flnanclal Instruments 2025 2024 Carrying amount of financlal assets Instruments measured al fair value through profit or loss 1,191,762 1,179,427 23 Credltors: amounts falllng due wlthln one year 2025 2024 Other taxation and social security Trade creditors other creditors Accruals and deferred income 13,585 37,263 43,563 54,101 12,075 44,730 21,563 59,494 148,512 137,862 -37-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April Incoming Resources 2024 resources expended Transfers At 31 March 2025 P.A. home Building Fund Fixed Assets Garfield Weston Katies Fund Eric Wright Health Authority LVC Weston Pilotlight Community Foundation Blackpool Council Donnelly Fund 1,138,344 8,487 1,402 10.288 (8.249) (1,698) (749> (539> (27.000) (75.520) 1,130,095 6,789 653 19,749 10.000 27,000 75,520 11.500 11,500 26,412 9.972 3,400 {26,412) (9,972) (1.777) 1,623 1.170,021 152.304 (151,916) 1,170,409 Prevlous year: At 1 April 2023 Incomlng resources Resources expended Transfers At 31 March 2024 P.A. home Building Fund Fixed Assets Garfield Weston Katies Fund Eric Wright He81th Authority LVC Weston Pilollight Interactive table funds Lancs CC Digital Care Records Community Foundalion Blackpool Council Cilizens Advice Bureau 1,145,943 10,609 1.884 10,848 (7.599) (2,122) {482) (10,560) {25,000) (80.173) 1,138,344 8,487 1,402 10,288 10.000 25,000 80.173 11.500 2,438 10.468 11,500 (2,438) (10,468) (23,641) (9.690) (2,000) 23,641 9,690 2,000 1,193,690 150,504 (174,173) 1,170.021 -38-
THE BLACKPOOL FYLDEAND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds Icontlnuèd) The purpose of the main restricted funds is as follows.. PA Home Bulldlng Fund - funds utilised to build the PA Home. Health Authority LVC - funds for the Low Vision Centre. Lancashlre County Council Digital Care Records - digitisation of care records. Communlty Foundatlon - fijnding lo deliver activities from the Community Service department. Blackpool Council - cost of living grant lo support community in need. Donnelly Fund - provision of items for Gommunity in need. 25 Unrestrlcted funds The unrestricted funds of the charity comprise Ihe unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Galns and At 31 March losses 2025 Revaluation reserve General funds 83.307 1,370,069 200.000 1,919,510 (1,116) (1.922,840) 282,191 1,612,216 245.477 1.453.376 2.119.510 (1.923,956) 245,477 1,894,407 Prevlous year: At 1 April 2023 Incomlng resouTces Resources expended Gains and At 31 March losses 2024 Revaluation reserve General funds 83.890 1.492,868 (583) (1.836,758) 83,307 1,370,069 1,689.568 24,391 1,576.758 1.689.568 (1,837,341) 24,391 1,453.376 39-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Analys5s of net assets between funds Unrestricted funds Restrlcted funds Total 2025 2025 2025 Fund balances at 31 March 2025 are represented by: Tangible assets 472,023 Current assetsl{liabilities) 1.422.384 1,136,885 33.524 1,608,908 1,455,908 1,894,407 1,170,409 3,064,816 Unrestricted funds Restrlcted funds Total 2024 2024 2024 Fund balances at 31 March 2024 are represented by: Tangible assets 214.332 Current assetsl(liabilities) 1,239.044 1,146,831 23,190 1,361,163 1,262,234 1,453,376 1,170,021 2,623,397 27 Retlrement benefit schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independentty administered fund. All employees aged 18 and over are eligible to apply to join the scheme after completing three months service. The employer contribution to the scheme is 60A of the memberfs contractual gross pay and the membels contribution must be a minimum of 30h of their contractual gross pay. Some members of the scheme also receive death in service benefits equivalent to twice their annual contractual pay. The cost of this benefit is borne by the employer. As at the 31 March 2025 there were no oulstanding pension contributions. The charge to profit and loss in respect of defined contribution scheme costs was £30,103 (2024 . £21,391). 28 Operating lease commitments At the reporting end date the chanty had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as fOll¢s-
THE BLACKPOOL FYLDE AND WYRE SOCIETY FOR THE BLIND TIA N-VISION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 28 Operatlng lease commltments (Continued) 2025 2024 thin one year Beeen and five years In over five years 51,917 130,000 20,000 38,417 18,000 201,917 56,417 29 Rèlated party transactlons There were no disclosable related party transactions during the year (2024 - none). 30 Cash generated frornl{absorbed by) operatlons 2025 2024 Surpluslldeficit) for the year 187,987 {147,051) Adjustments for: Investment income recognised in statement of financial activities (Gain)Iloss on disposal of tangible fixed assets Loss on disposal of investments Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets (34,615) (100) 6,206 1,749 23,837 (34,254) 7,125 80,484 {104,875) 22,511 Movements in working capital: Decreasel{increase) in stocks Decrease in debtors Increase in creditors 2,030 5,775 10,650 (250) 114,915 17,240 Cash generated froml(absorbed by) operatSons 203,519 (44,155) 31 Analysis of changes In net funds The charity had no material debt during the year. 41