REGISTERED COMPANY NUMBER.. 03424608 REGISTERED CHARITY NUMBER.. 1065029 Re rt of the Trustees and Financial Statement5 for the Vea En ed 31 December 2 for VICT14 Chlldren Ltd Nordens Audit Lirnited Statutory Auditors Thp Retreat 406 Roding Lane South Woodlord Green Essex IG8 8EY
VICTA Children Ltd Contents ol the Financial Statemenls for the Year Ended 31 December 2025 Page Report ol the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement li Notes to the Financial Statement5 12 to 24
VICTA Children Ltd ort of the Trustees for Ihe Year Ellded 31 Decpmber 2025 Tho Tiustees who arc also dirpctors of the charity tor Ihe purpo£es of Ihe Companie5 Act 2006, preseni rheir feporl with the financial starp.ments ol the Charity lor the ygAr ended 31 Oecember 2025. The Tluslees have ddopted the provislOnS ol Accouniine and Reporting by Charitics.- Statement ol Recommended Practice applicable io chdritie5 preparing their account¥ in dccordance with tho Financial Reporiing Stdndard applic3ble in the UK and Republic of Ireland IFRS 1021 lelfective l January 20191. OBJECTIVES AND ACTIVITIES Public benefit Empowering Vl children and young odults through evidence-bosed learning To combat feelings of isolation and lonelinp.55 dominant within the world ol visu31 Impairmp.nt, we focus on activity- ba.sed learning as a catalysi for Social connection and personal Erowth. Research confirms an urgency of need.. by age 17, Vl youth are six tinies more likply to feel hopele55 than their sivhted peers. Furthermore, the tiansition to adulthood iemain5 a systemic hurdle, with Vl individua15 aged 16-25 twice as likely to be out of education or employment. Even those with highgr still only hdve the same chance of Betting 3 Job a5 somp.one wirh no qualificaiions In the general population. TD bridge this gap, we ground our work in constructivist mode15 of learning, treating young people ds active agent5 who build knowledge by making sensc ol thp.ir own lived experiEnces. Rooted in 50ciocultural theory, our framework en5ure% this learning happens within a supportive community where knowledEp Is co.created through rneaninglul, group basvd activitip.s. Drawing on principleg frorn P051tive Psychology, wo also tPAch our Students how to identify dnd lean on their own strengths. By 5ynthesi%ing these framework4, we provide a robust loundatlon lor building the resllience, cognitive skills and 4plf-esteem nece553ry lo 10stp.r academic achievement, long-term positive wellbeing and navigate. significant life irdnsitions Into Secondary cducation, higher education or the workplace Strutegic thinking With thv. br)erIt of multi-year funding from The Powell Family Foundation, The Vinchel Foundation, and an anonymou5 donoi, we havc refined our 5traiegic framowork to build a soamlpss, progrossive Pdthway for Vl children from birth through to adulthood. Our pathway Is built on construciivist principles, where learning is a 5equv.nced journey. By breaking activities into manageable, Interconnocted 4teps, Sludents can bellor comprehend and internd115c new knowlp.dge. This approach ensures that learnin8 is alway5 contextualised, allowing 5tudenis io see the dirpct relevancp. between one activity and the next. Through co creation and rèflèctive learning. our core programme5 Pre toen10-131, Youth114-171, alld Youn6 Adults 118+1- remain agile and respon%ive to need. We build scalability into our thinking which allow5 U5 to be flexible not just in our enE3gemcnt with young poople who are blind Dr partially sightpd but to familie5, professionals and the wider sector. The result Is a pathway that blends hiph.quality eKpanded lÈarning opportunitie5 With recreational component5 to %trengthen social, emotional, and employability Skills that combine to suppori academic and workplace readiness. For older studenis, online and blendod learning inleBrate5 real-world learning experiences with engaging activitie5 and volunteering opportunities thai help learners reach their academic, career, and life Eoals. vicrA impoct To measure our social impact, we use a mix ol focus groups, questionnaire5, and direct lepdback. In 2025 we delivered 91 dctivilies lol which 56 wcre in pp.rsonl which supported 1,343 pngaged coniacts. You can find the full breakdown in our Annual Impact Report, but here is a snapshot of wh3t our Youth Programmè achieved In 202J. Our focu5 wa5 on boosting knowledge, practical skills, leadership. and wellbeing. To make that happen, we delivered 145 partiiipation opporlunilies across 34 structured activities, including-. 24 in-person se5SIOn5 3nd 4 residential trips 6 online competitions and activities 19 sports-focu5ed evEnt5, which helped 52 student5 discover new sports, leading to increased physical confidence. Porlicipotion & engGgement We're ieachillg more people than ever while keeping our current community eN8aEed: 41Yo of participants joined u5 foi the first time
VICTA Children Lid ort of the Trustee5 lor thè Year Ended 31 Dccember 2025 16Yo took part in rwo or morè activities, demonstraling SLJStained engagement 50P/D of studgnts moved up to the n@xt st3ge ol Ihg VICTA pathway Notably, every 51udent who progrcssed dtiended multiple Jctivities, proving Ihat deep engagement leads to real Lyrowth. Awords & qualificrJtion5 Our students didn't just participale. they earned tanyible markers for Iheir CV5'. 16 achieved dn Arts Awdrd Discover award 16 secured i Go Lead Leadership rlward 16 receive.d the Goalball School Leader5 certificate. The results The feedback was rewirdiiig. IOOYO of poriicipanis reported that they feli morp confident, had met someone new, and le3rned a new skill. VICTA volunteers As d small team we rely on a strong and committed team ol volunteers to onable the delivery of our activities. Our new volunteering Strategy. built on direct feedback, conversations and work%hop5, S3W the appointment ol senior volunteer5 lincludin£ Vl young adults who h3vg u%ed our service51. Throughout 2025, these Senior Volunteers have proved essential. They've mentored new recruits, attended key VICTA volunteering event5,' identified gaps in &xisting Iiaining and knowledgc, developed content lor Nation31 Volunteers Week,. and supported the VICTA Activities Team with voluntoer recruitment and retention strategies including the identification of future Senior Volunteers. In 2025, 62 volunteers lof which 20 arp vil delivered a total of 2,612 hours of volunteering lime. VICTA gronts In 2025 we managed a limited £rani programme lor children and young people who are rgistered or are re.gi5terable as blind or severely sight impaired ISSII. The programme, for children from the age of 8, up to arTrd including tho age of 29 year% and who are permanent re.sidents in the UK, is designed to help young people build or maintain their indopendence and retain control of their lives and leisure time. Undp.r this grani schemp, applicants could apply lor a VICTA assigned laptop logeth&r with assiBned 50ftware. Items for independent livinE such a5 whitg canes, talking measuring jugs, talking induction hobs were 3150 COn5idercd. Successful 3ppIicdnts were asked for a minimum 20/0 contribution towards the grcint. The sche.rne supported 28 young people. Financial re¥iew Total income received by Ihe Charity durinR the year was £1,229,I164 IE980.258 - 20241 an increase of 25%, this was driven by a Rrgater number of field places, an increase In our fundrai%in8 minimum and rnore focused stPW3rd5hip. We do not expp.ct to see such increases In the future. The London Marathon has rc5tructurgd Its bond scheme Iresponsible for the allocation of chRrity places) with a reallocation from existing charitie5 in lavour of Smaller charities In a bid to support their fund-raising efforts. As a result, our allocation ol places has reduced from 2026 onwards. The total amount spent on charitable activities wag £480,360 an increase of 2% over the previou5 year1£471,317 20241. In rE5pon5e to the unsettling global events at the end 012025 into 2026, the Tfusiee5 have performed a robust an3ly5is of thg forecast future cash flows and have considered the pote.ntial impact on the charity. The Trustee5 have concluded that there Is no material uncp.rtainty arising frorn these @vents and that they can continue to adopt the 80inB concein ba515 in preparing the annual report and accounts. Our reserves are separated into restricied and general funds. The rpstricted funds are monies rec@ivp.d by the charitv for specific activities and can only be used for that nominated activity. The donor5 require regular reporting ol the use of thp. funds and a report on the activity when complele. The general fund may be used for any charitable purpofip approved by the Trustee5 including for the general administration ol Ihe charily of the charity. We maintain sufficient reserves to covpr the costs Icr the Charity including all contracts with supplier5 for charitablg activities, general overheads. and siaff costs for six months. The total costs are noted 35 de5i£n3t@.d funds in our accounl5.
Rpporl ol thp Trustees for Ihe Year Ended 31 December 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governin8 docurnent The charily Is controlled by its govprning document, a de.&d af trust, and constitutes a limited company, limited bv guarantee, as defined by thp Cornpanie5 Acl 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 3424608 (England (Ind Wales) Registered Charity number 106J029 Registered offlce Nick Scholield Challenge House Shp.rwood Drive Milton Keynes Buck1nghom5hire MK3 6DP Trustees G Kaur E Richardi P Lcwis C 5prengvr Auditors Nordens Istaiutory Auditor51 The Retre.at 406 Roding Lalle South Woodford Green Essex IG8 8EY STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also the diiector5 01 vicfA Children Ltd lor the purpose5 of company lawl are re5POn5ible for preparing the Report of the Trustees and Ihe financi31 5tatoments in accordance with applicable law and United KinEdom Accountin8 Standards (united Kingdom G@ne¥311y Accepted ActountinF Practice). Company law requires Ihe Trustees to prepare financial statement5 lor each financial year. Under that law, thc Trustee£ have elected to prepare the financial Statements in accordance with Unit?d Kingdom Generally Accepied Accounting Practice (United Kingdom Accounting Standard5 and applicable lawl. Under company Idw the Trustees n7USt not approve the fillallcial statements unless they are gatisfie.d that thoy give a true 8nd fair view of the state of dffair5 of the charitable company and of the incoming resources and application ol resources, including the Income. and expp.nditure, of the charitable comp3ny for that period. In preparin8 those financial 5taternents, the Trustees are required to 5olcct Sultable accounting policies and then apply them consistently.. observe ihe methods and principles in the Charitie5 SORP, make judRements and estimates that are reasonable and piudent., prepdre the financial 5tateinents on the going concern ba515 unles5 It is inappropri<lte to presume that the chariiable company will contir)ue in business. The Trustees are responsible for keoping proper accounting record5 which disclose with reasonable accuracy at anv time the financi31 position of the charitable comp3n¥ and to enable thern lo ensure that the financial statemenls comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence lor takine reasonable steps for Ihe prevention and detection of fraud and orher irregularifies.
VICTA Children Ltd ort f the Trustee5 for the Year Ended 31 Decgrnber 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued In so far as the Trustees are aware.. there is no relevant audit Information of which the charitable Company's auditor5 are unaware-, 3nd the Tru%tees have takpn all steps that they OLJght to have taken to make themselvcs aware of any relevant aLJdit inloimation and to eslablish that the auditors are aware of that information. AUDITORS The auditors, Nordens Audit Limited, will bè proposed for re-appointment at the forthcoming Jlnnual General Meeting. ftp.port ol the Trustees, incorporating a strategic report, approved by order of the board of Trustees, as the company directors. on and signod on the board's behalf by.. Ms P Lewis Trustee
Rp
(Jrt ol the Inde
VICT A Children Ltd
endent Auditor% rrj thp Triistp4>% nf
Opinion
We have audited the financial statgmpnts of VICTA Childrpn Ltd (the 'charitable company'l lor the year ended
31 Dpccmber 2025 which comprise ihe 51aiement of Financial Activilies, the Balance Sheet, the Cash Flow Stalement
and notes to the financial statements, including a Summary of significant accounting policies. The financial reporting
framework that h35 been applied In their preparation is applicable law and United Kingdom Accounting StAndards
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial 5tatemcnts'.
give a true and fair view of th& %tate ol the charitable company's dllairs a5 at 31 Deceniber 2025 and ol its incorning
resources and 3pplication ol ie50urce5. includin8 Its income and expcnditure. for the yeai then ended-,
have been properly prepared in accordance wilh Urnted Kingdom Generally Accepted Accounting Pracricp.,. and
have been prepared in accordance with the requirpments ol the Companies Act 2006.
Ba515 for opinion
We conducied our audit In accordance with Internation31 Standards on Auditing l UK) IISAS IUKII and applicable law. our
resPOn5ibililie5 under those 51dndards are lurthcr described in the Audilors, responsibilities for the audit of the. finrincial
slalernents seclion of our report. We oro independent ol tho ch3ritable company in accordance with the gthical
requirements that are rtr.IEvant tD our ic udit of the fin3ncial stlr tements in the UK, Including ihe FRC'S Elhical standard,
and WF h<)ve fulfilled our olher vthical re5ponsibilitiC5 in accordance with those requirements. We bElieve that the audit
evidence we have obtained is sufficient and appropriate to piovidc 3 basis for our opinion.
Conclusions relating to going concern
In auditing the financial statemv.nts, we have concluded that the Trustee5' use of the going concern b3515 01 accounting
In the preparation of the financial st
Re ort of the Inde VICTA G.hildren I td endent Audltors to th T ustees of Re5pon5ibilities of Trustees A5 explained more fully In the Statement of Trustee%' Re5ponsibiliiies, the Trustee5 (who are 3150 the direct015 of the charitable company for the purposes ol company lawl 3re responsible for the preparation of the Iinallcial statements snd for being satisfiod that they give a trup and lair view, and for such internal conlrol as the Trustee5 doteimine is necessary to enable the preparation ol financial staternents ihat dre Irce from maierial mi$5tatement, whpihei due to fraud or error. In preparing the linancial statements, the Trustees are responsible for assessing thp. charitable company'5 ability to continue as a going concern, disclosing, 35 applicii ble, matters related to going concern and usln8 the Boing concern basis of accounting unles£ the Tru%tees eithe.r Intend to liquidate the charitable company or lo cease operations, or havp no realistic alternative but to do so. Our responsibilitie5 for the audit of the flnancial statements We hève been appoinied as auditors under Section 144 01 the Charities Act 2011 and report in accordance with the Act and relevant regulations madc or having èlfeit thereunder. Our objectives 3r& to obtain reasonable assurdnce about whether the financial 5tatcment5 as a whole are free from aterldl missiatement, whvther due to fiaud or error, and io Issue a Report ol the Independent Auditors that includes our opinion. Reasonable assurance is a high level ol a$5urance but is not d guarantee that an audit conducted in accordancp with ISA% IUKI will always dgtect a matprial m155t3temcnt when it exists. Misslztemgnts can arise from fraud or error and are considered material if, individudlly or in thp. aggregate, they could reasonably be expected to influence tho economic decisions ol LJ4ers taken on ihe basis of these financial statements. DIscu5sions were held wilh the. directors with a view to identifying tho%p laws and regulations that could be expected to have a material Imp3ct on the financial statements. During the engagement team briefing, the outcome5 of these discussions and enquiries were shared wilh thp. team, as well a5 consideration as to wherè and how fraud may occur in the entity. The followir)g laws and regulations were identified as beinp. ol significance to thp. entity. Those law5 alld reRulations considered to have a direct effect on tho financial statement5 include UK financial reporting 5tanddrd.5, Company Law, Tax and Pensions leg1513tion, and disrributdble profits legislaiion. It 15 con51dered that there are no law5 and regulation5 for which r]on-cornpli3nce may be fundamental to ihe operating %pects ol the business. Audit procp.dures undertaken in responsP to the potential risk5 relatinF, to irregularitie5 (which include fraud and non- compliance wlrh laws and regulations) cornpri5ed of.. Inquiries ol management and those charged with govprnanco as to whether the entity compliès with such laws and regulations,. onquiries with the same concerning any actual or potcntial liligation or claims-. inspeciion of relevant legal correspondence,- review of board tninut@s,- testin8 the appropiiatellc55 of entries in the nominal Icdgp.r, including journal e.ntries,' reviewing transactions around the end of the reportinE period,. and the performance ol analytical procedure5 to identify unexpected movement5 in account balances which rnay be indicative ol Iraud. No instances of material non-compliance were identified. However, the likelihood ol detecting irregularities, including fraud, is limited by the inherent difficulty In dotecting irregularities. the elfeclivene55 01 the entity's controls, and the nature, timing and extent of thp. audit procedure5 performed. Irregularities that result from fraud might be inherently ore difficult to dp.tect Ihan irregularitie5 that result from eiror. A5 gxplained above, there is an un(Ivoidable risk that material m155tatements may not bc detected, even though the audit has been planned and performed in accordance with ISAS IUKI. A further descriptiori ot our responsibilitie5 lor the audit of the financidl statements is located on the Financial Reporting Council'5 website at www.fri.org.uk/3uditorsresponsibilitie5. Th15 description forms part of our Report of the Independenl Auditors.
Re ort of the Inde VICTA Children Ltd en nt Auditors to the Trustees of Use of our report This report 15 made solely to the ch3rit3ble company's Tru5tee5, as a body. in accordance wilh Part 4 of the Charities (Accounts and Report%) Regulations 2008 Our audit work has been undertaken so that we might state to the charitable company's Trustees those matt@r5 we are reqijired to state to them In an 3uditors' report and for no other purpo%e. To the fulle.st e¥lent permitted by law, we do not accept or assume responsibility to anyone othpr than thp charitable company and the charitable company's Trustees as a body, for our audit work, for this report, or lor the opinion5 we have formed. lor and on behalf ol Nordens Audit Limited Statutory Auditors Eligible to act as an audittsr in terms of Section 1212 of the Companie5 Act 2006 The Retreat 406 Roding Lane South Woodford Green E55ex IG8 8EY Dste.. 29 June 2026
VICTA Children Ltd Stalement of Financial Activities for the Year Ended 31 Decernbor 2025 31.12.25 Total funds 31.12.24 Total funds UnrestrScted funds Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations and Grant5 77,100 77,100 83,093 Other trading activitie5 Grant Income 1,031,575 15,996 105,193 1,136,768 15,996 881,132 16,033 Total 1,124,671 IOS,193 1,229,864 980,258 EXPENDITURE ON Raisino funds 409.604 409,604 347,231 Charitable activities General 14-17 Youth Pro8ramme Leadership Programme Admin and Goverrianc 0-13 Progr3mme Sports Programme VICTA Sport Family Weekend British Science Association 433,921 433,921 41,500 23.131 471,317 41,500 23,131 75,024 34.973 5,791 22,174 146 34,973 5,791 22.174 146 Total 843,525 127,715 971,240 893,572 NET INCOMEIIEXPENDITUREI Transfers between funds Z81,146 122.3761 122,5221 22,376 2S8,624 86,686 17 Net movement in funds 258,770 11461 258,624 86,686 RECONCILIATION OF FUNDS Tot31 funds brought forward 454,397 146 454,543 367,857 TOTAL FUNDS CARRIED FORWARD 713,167 713,167 454,543
VICTA Children Ltd Balance Sheet 31 December 2025 31.12.25 Total funds 31.12.24 Total lund5 Unrestricted fund5 Restricted funds Notes FIXED ASSETS Tangible 355ets 12 5,641 5,641 1,114 CURRENT ASSETS stocks Debtors Cash al bank 13 14 13,813 705,082 784,242 13,813 705,082 784,242 14,637 728,165 574,575 1,503,137 1,503,137 1,317,377 CREDITORS Amount5 fallir)g due within one year 15 189,1911 189,1911 1110,6171 NET CURRENT ASSETS 1,413.946 1.414,146 1.206.760 TOTAL ASSETS LESS CURRENT LIABILITIES 1,419.587 1,419,788 1,207,874 ACCRUALS AND DEFERRED INCOME 16 1706,4201 1706,4201 1753,3311 NET ASSETSIILIABILITIESI 713,167 713,167 454,543 FUNDS LJnre5trictod funds 17 713,167 454,543 TOTAL FUNDS 713,167 454,543 The charitable company 15 entitled to exewplion Irom audil under Section 477 of the Companies Acr 2006 for the year ended 31 December 2025. The mombers have not depositp.d notice, purguant to Section 476 of the Companie5 Act 2006 requirinR an audit ol these financial gtatements. The Trustees acknowledge their responsibilities for ensuring thar the charitable company keeps accounting records that comply with Sgctions 386 and 387 of the Companies Att 2006 and preparing financial gtatements which give a true and lair view of the State ol affairs of the charitable company a5 at the end ol e3ch financial year and ol its surplus or deficit for each financial year in 3ccord3nce with the requirement5 01 Sections 394 and 395 and which otherwise comply with the requirernents of the Ctsmpanie5 Act 2006 relating to financial statcments, so far as applicable to the charitable company. Thege financial statements have been 3udited under the requirewents of Section 145 of the Charities Act 2011. The financial 5tatemenis were approved by the Board of Trustee5 and authorised for issue on and were signed on it5 behalf bv- Ms P Lewis Trustee
VICTA Children Ltd C35h Flow 5taiemEnt lor the Year Ended 31 December 2025 31.12.25 31.12.24 Notes Cash flows from operating activities Cash Eenerated from operationg 215,335 143,070 Net cash provided by operating activitie5 215,335 143,070 Cash IIow5 from inveslin8 activlties Purchase of tangible fixed a55ets 15,6681 Net cash Iu5ed inllprovided by investing activities 15,6681 Change in cash and cash equivalents in the reportin8 period Cash and cash equivalents at the beginning of the reportin8 period 209,667 143,070 574,575 431,505 Cash and cash equivalents at the end of the reportlng period 784.242 574,575 io
VICTA Children Ltd Note5 to the Cash Flow Staternent for the Year Ended 31 December 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.25 31.12.24 Net income for the reporting perlod lès per the Statement of Financial 258,624 86,686 Adfrustments for.. Depreciation charge5 Decrease in stocks Decrea5e/lincreasel in debtors IDecreasel/increase In creditors 1,141 824 23.083 168,3371 2,264 494 157,1421 110,768 Net cash provided by operatlons 215.335 143,070 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.25 Cash flow At 31.12.25 Net cash Cash at bank 574,575 209,667 784,242 574.57S 209,667 784,242 Total 574,575 209,667 784.242 li
VICTA Children Ltd tQntps tn the Financial Stdlvmpnt% lor the Year Ended 31 December 2025 ACCOUNTING POLICIES Basis of preparing the tinancial statements The financial statements ol the charitable cornpany, which is d public bonefit entity under FRS 102, havp beon prepared In accordance with the ChJritie5 SORP (FR5 1021 'Accounting and Reporring by Charitie5.' Statement of Recommended Practice 3pplicable lo charities preparine their accour)t£ in accordance with the. Financial Reporring Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l Januar¥ 20191,, Financial RepDrling Standard 102 'The Financiol Reporting Standard applicable in Ihe UK and Republic ol Ireland, and the Companies Act 2006. The financial statements have been prepdied under the historical cost convention. Income All income is recoEni5ed in the Statement of Financial Activities once the charity has ontitlement to ihe funds, it 15 probable that the income will be received and the amount can be measured reliably. Cash donatlons are recognised on receipt. Other donation5 are. recognised once the ch3rity has been notified ol the donation, unle55 performance conditions requiro deferral of the amount. Income lax recoverable in relation to donation5 rec?Ived under Gift or deed5 ts1 covenant 15 reco6ni5ed at the time of the donat10n. Legacies are recogni%ed on receipr or otherwise. If the charity has been notified ol an Impending d15tributiori, the amount is known, and receipt 15 expected. Il the amount 15 not known, thc legacy is treated 35 3 contingent 35set Expenditure Liabilitips are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditurp., it is probable that a transfer of economic benefits will be required in settlement and the amount ol the obligation can be measured reliably. Expenditure 15 accountgd for on an accrua15 basis and ha5 been cla55ified under headings th3t ag£r&£ate all cost relaled to the category. Where costs cannot bc directlv 3ttributed to Pdrticular he.adings they have been 311ocated to activities on a ba515 con515tent with the u5p of resources. Ch3rit3ble expenditure comprise5 all costs associated with promoting and providing marathon places and Ihe co%ts ol grants made 3nd payable. Charitable funds Unrestricted fuNd5 are available for use at the discretion DI the Trustees In lurther3nce ol their charitable objective5 unless th funds have been designAted for other purposes. Tanglble flxed 355ets Dcprcciation Is provided at the following annudl rate5 in order to write off each asset over its estimated useful Plant and machinerv Fixtures and fittings Straight line over 5 years Straight line over J years Stocks Stocks are slated at the lower of cost and estimatetj scllinR price less costs to cornplete and Sell Cosi comprises direct materials and. where applicablo, direct laboLJr costs and thosp overheads that have be.en Incurred in bringing the stocks to their present location and condition. It&m£ held for digtribution at no or nominal consideration are rneiisured at the lower ol replacement cost and c05t. Net rea115able value is the estimated selling price less all estimated costs of completion and costs to be Incurred In marketing, sellinR and distribution. Taxation The charity is charity exempt from corporation tax on its chariiable activities. 12
VICTA Children Ltd Notes to thE Financi31 Staternents contir)ued lor the Ye31 Ended 31 December 2025 ACCOUNTING POLICIES- Continued fund accounting Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the Trustee5. Restricted funds can only be used for particular restricted purpose5 Wlthin the object5 of the charity. Resiriction5 rise whp.n specified by the dorior or when funds are raised lor particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to thp financial statements. Golng concern At the time. of approving the financial staternents, the Trustees have reasondble expectation that the charity has adequatg resources to continue in operational eMlSter)ce lor the fore5ee3ble future. Thu5, the Trustees continue to adopt the going concern basis of accountin8 in preparing the financial statements. DONATIONS AND GRANTS 31.12.25 31.12.24 Donations Gift Aid 19,910 26,465 Donations Andrey Joyce Harris Pronea Ltd Frank Weedon Marie Washbrook CK Rail Solutions Semper Fratres Masonic Lod8e Hristina Manleja Samworth Brothers Combined Donations under £500 5.081 3.150 1,000 1,000 1,000 600 515 500 OTHER TRADING ACTIVITIES 31.12.25 31.12.24 Fundraising events Grant and Contributions Marathon runners 6,647 191,267 938,854 4,974 171,024 705,134 1,136,768 881,132 13
VICTA Children Ltd Nole5 to the Financi31 Statements- continued foi the Year Ended 31 December 2025 GRANT INCOME 31.12.25 31.12.24 Investment Income 15,996 16,033 RAISING FUNDS Raising donations and legacies 31.12.25 31.12.24 Marathon 337,104 225,058 Other tradlng activltles 31.12.25 31.12.24 Other 72,500 122,173 Aggregate amounts 409,604 347,231 14
VICTA Children Ltd Notes to the Financial Statement5- Continued lor the Year Ended 31 December 2025 CHARITABLE EXPENDITURE Other Admrn & Marathon Charltable Fundraising Events Total Governance Fundraising Activities 2025 2024 Marathon places Advert15ing & Promotions 140,550 140,550 138,640 79,476 79,476 55,488 Other Fundraising C05ls Post, Tele and Stationerv staff Costs 273 273 29 2,365 1,182 1.174 591 5,912 2,929 41,630 55,215 263,512 32,820 393,177 335,601 Premises 4.982 5,580 28,496 797 39,855 35,389 Storage 324 324 432 1,080 1.035 IT/Sofrware and Maintenance CRM 1,057 2,642 6,869 10,567 9,979 1,044 48.695 2,435 3,479 7,762 Bad Debt 48,695 21,695 Accr and Professional fee5 1.034 1,034 1,208 Bank Charges Depreciation Sundry Expense Office Maintenance 663 332 iii 1.105 825 571 571 1,141 2,264 4,491 4,491 5,342 112 112 83 VICTA Marketing Innovation Fund 5,278 5,278 4,075 5,437 5,437 1,189 Audit Fee 7,0 7,000 5,500 Insurance 2,636 2,636 2,466 Conferences & Travel 2,792 931 5,584 9.306 8,031 Staff Traininglwelfare Professional Fees 5,220 1,135 530 681 7,565 8,546 552 30,900 32,452 31,452 Charitable Activities 170 619 170 619 337 675 971 240 893 572 15
VICTA Children Ltd Notes to the Financial Statement5 - conttnued for ihe Year Ended 31 December 2025 CHARITABLE ACTIVITIES COST5 2025 Family weekends and events Family Weckends Faniily Days Pre-Teen Early Year5 22,810 6,556 1.39S 33,953 Special Projeds Parent Portal/Parent Support Online Activitie5 Site Vi51t/Activity E¥penditure Ch3ng8makers Grants VICTA Sports 2,878 1,329 Z,508 3.411 31,250 75,315 Youth activitles 14-17 Activities 18+ Activities 31,733 61,349 other tOSt5 Strilf costs Premise5 Costs Other Sundry costs 263,512 28,496 309 743 NET INCOME/IEXPENDITUREI Net incomellexpenditurel Is stated after charging/lcreditingl'. 31.12.25 31.12.24 Depreciation - owned assets 1,141 2,264 TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees, remuneration or other benefits for the year ended 31 December 2025 nor for the ye3r ended 31 December 2024. 16
VICTA Children Ltd No es to the Financ¢al S atemenls- Continued for the Year Ended 31 December 2025 io. STAFF COSTS STAFF COSTS Employment costs 31.12.25 31.12.24 Wage5 and 5alafies Social security costs Other pension costs Other staff costs 351,486 32,644 7,964 301,576 25,983 6,749 393 177 335 601 Key management personnel receivpd gross salaries of E184,05312024." £170,674) during the year. The aver3Be monthly number of employees during the year wa5 as follows.. 31.12.25 31.12.24 Fundraising Adrnini5tration Management io The number ol employee5 whosE erllployeo benefits lexcluding employer pen.sion costs) exceeded £60,000 was.. 31.12.25 31.12.24 E60,001- £70,000 17
VICTA Children Ltd Notes t the Finan ial Statements- continued lor Ihe Year Ended 31 Decomber 2025 ii. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES UnrestiScted fund5 Restricted funds Total funds INCOME AND ENDOWMENTS FROM OonatlOn5 and Grants 83,093 83,093 Qthor trading activities Griint Income 754,421 16,033 126,711 881,132 16,033 Total 8S3,547 126,711 980,258 EXPENDITURE ON Raising funds 347,231 347,231 Charitable activilles General Admin and Governance 317,503 75,024 153,814 471,317 75,024 Total 739,758 153,814 893,572 NET INCOMEIIEXPENDITUREI Transfers between funds 113,7B9 27,2491 127, 1031 27,249 86,686 Net movement in fund5 86,540 146 86,686 RECONCILIATION OF FUNDS Total funds brought forward 367,857 367.857 TOTAL FUNDS CARRIED FORWARD 454,397 146 454,543 18
VICTA Children Ltd Note5 to the Financial 5t3temenls conllnued for the Year Ended 31 December 2025 12. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Tota15 COST At I lanL4ary 2025 Additions Disposals 22,648 5,668 13,6431 14,8SO 37,498 5,668 13,6431 At 31 December 2025 24,673 14,850 39,S23 DEPRECIATION Al l January 2025 Charge for year Elimin3ted on disposal 21,534 1,141 13,6431 14,850 36,384 1,141 13.6431 At 31 Oecember 2025 19,032 14,850 33,882 NET BOOK VALUE Al 31 Decernber 2025 5,641 5.641 At 31 Oecember 2024 1,114 1,114 13. STOCKS 31.12.25 31.12.24 Stocks 13,813 14,637 14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Trado debtors Other debtors VAT Prepayment5 508,291 3.172 1,434 192,185 470,914 6.880 21,752 228,619 705,082 728,165 15. CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Trade credit015 Soci315ecurity and other taKe5 Other credirors 6,499 9,489 73,203 89,191 6,688 7,955 95,974 110,617 19
VICTA Children Ltd Notes to the Financial Slaiemenrs - continued foi the Year Ended 31 December 2025 16. ACCRUAL5 AND DEFERRED INCOME 31.12.25 31.12.24 Accruals and deferred income 706,420 753,331 17. MOVEMENT IN FUNDS Net movement in fund5 Transfers between funds At 31.12.25 At 1.1.25 Unrestricted funds General fund De51En3ted fund 116.397 338 000 454,397 257,173 122.3761 351,194 361973 713,167 281,146 122.3761 Restricted funds VICTA Sports Family Weekend Powell Family Foundation 0-13 Programme Sport Programme British Science A550Clation 112,1741 19,9731 12291 11461 12.174 9,973 229 146 146 122,5221 2Z.376 TOTAL FUNDS 454 543 258,624 713,167 Net Movement in funds, included In the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated furld 1,100,698 23.973 1843,5251 257,173 23,973 Restritted funds Vinchel Fountlation - 14-17 Youth Programme VICTA Sports Famil¥ Weekend Powell Family FoLJndation 0-13 Programrne Leadership Program Sports Programme Brit15h Science Association 41,500 10,000 25,000 23,131 5,562 141,5001 122,1741 134,9731 Iz3.1311 15,7911 11461 112,1741 19,9731 12291 1146) 105,193 1127,7151 122,S221 TOTAL FUNDS 1,229,864 1971.2401 258.624 20
VICTA Children Ltd Notes to the Financial StalerTrent5 - continued for the Year Ended 31 Decemb@r 2025 17. MOVEMENT IN FUNDS- continued Comparatives for movement in fund5 Net movement Transfers between lunds At 1.1.24 Sn lunds 31.12.24 Unrestricted funds Goneral fund Designated fund 88,357 279 500 367,857 55,289 127,2491 116,397 113,789 27,2491 454,397 Restricted funds Powell Family Foundation 0-13 Programme British Science Association 127,2491 146 27,249 146 127,1031 27,249 146 TOTAL FUNDS 367,857 86.686 454,543 Comparative net movempnt In funds, Included in the above are as follow5.' Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund De518nated fund 795,047 1739,7581 55,289 853,547 1739,7581 113,789 Restflcted funds Vinchel Foundation - 14-17 Youth Programme The Sir lame5 Roll Charitable Trust- VICTA Powell Family Foundation 0-13 Programme Vinchel Foundation - 18+ Programme Brlilstt science Assoclaiion 15POt project 48,000 1,250 30,000 44.000 3.461 148,0001 11,2501 157,2491 144,0001 127,2491 146 126,711 1153,8141 127,1031 TOTAL FUNDS 980,258 1893,5721 86,686 21
VICTA Children Ltd Notes to the Financial Slatement5- continued for the Year Ended 31 Oecetnber 2025 17. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.12.25 At 1.1.24 Unrestricted funds Ger)eral fund Designated fund 88,357 279 500 367.857 312,462 149,6251 351,194 361973 713,167 394,935 149,6251 Restrlcted funds Powell Family Foundation 0-13 Programme British Scier)ce Association Sport Programrne VICTA Sports Family Wepkpnd 137,2221 37,222 146 12291 112,1741 229 12,174 146 149,6251 49,625 TOTAL FUNDS 367,857 345,310 713,167 A current year 12 month5 and prior year 12 months combined net rnovement in funds, included in the above (Ire as follows. Incoming resources Resource5 expended Movement in funds Unrestricted funds General fund Designated fund 1,895,745 11,583,283> 312,462 1,978.218 11,583,283) 394,935 Restrlcted funds Vinchel Foundation - 14-17 Youth Programme Sports Programme vicrA Sports Family Weekend Powell Family Foundation 0.13 Programme Vinchel Found?tion - 18+ ProBramme The Sir James Roll Charitable Trust- VICTA British Science Association ispot Project Leadership Program 89,500 5,562 10,000 55,000 44,000 1,250 3,461 23,131 189,5001 15,7911 122, 1741 192,2221 144,0001 11,2501 13,4611 123,1311 12291 112, 1741 137,2221 231,904 1281,5291 149,6251 TOTAL FUNDS 2,210,122 11,864,812) 345.3 10 22
VICTA Children Ltd Notes to the Financial St3tements continu@d lor thg. ye.ar Endpd 31 December 2025 18. RELATED PARTY DISCLOSURES There were nD related party tiansactions lor thE year ended 31 D&cember 2025. 19. RESTRICTED FUNDS O-10 Family Prograrnme & 10-13 Pre-teen Programme- The Powell Family Foundation Thtr Powp.11 Family Foundation Funding deeponp.d VICTA's pre-teen and family programmes by enabling the creation ol a 5UStainable portfolio of educational, developrnental and sport focused aciivities designed to Irnprovp. ouicomes for Vl children and young people. while strengthening 13mily resilienco and peer Support np.tworks. The programmes combine to support Vl children. and Ihoir par¥nts navigat@. the often challtrnEing iransltion from primary to secondary school. We create opportunities for Vl children to build their intellectual curiosity and advocacy 5ki115, which we measure through academic, crpativt 3nd physical endeavour5. Wg aim to demonbtrate that learning can be both lun and useful, with the hope th3t children remember Ihe5@ experiences and carry their cnthusiasm for learning Into the classroom and beyond. Bespoke workshops equip parents with knowledge and tools to supporr their child'% indpperidence, education, and wtllbeing. For very young childrEn. 5en5Dry di£covEfy p3ck5 deliver 5tructurpd, play based parly learning resourcvs t3ilorod spgcifically for very young Vl children ensurin8 tirnely, ago appropriate support during a critical window for Sensory, cognitive, and emotional devplopmeni. 14-17 Youth Programme- The Vinchel Foundation Funding enabled us io delivor a calF.nd3r of extracurricular dctivity including rcsidentiAI camps, expeditions and sport de5iglled io build confidence, sell-e5teem and a sen£e of lutuie. We want to p.nsure students within our programme are In ihp bp.st posilion to get the m05t oul ol their time at school. We also recognise the importance of Curriculum Vitae Icvl buildirlg. Crpating opportunities lor student5 to shine on pappr 15 viial, it is an opportunity to highlight potentiAI over exporipnce. We help Students understand thp Importance of a strong CV ar)d how it serve5 a5 a primar¥ rnarketing tool to secure intern5hip5, part-time jobs, and initial graduat& roles. We ialk about the importance ol transferablp 4kills those soft skills guch as communication. te.amwork, organisation, and problem solvino gained from our activities, 5POlts, and national awards. VICTA Sport Family Weekend - The Primary Club Physical dctivilies and 5port5 oflpr environment5 lo piomote physical, cognitive and v31ue based Ip.arning. Theori5tS within 5port5 cducztion contend that the main goal of sporr is 10 help young peoplg develop as competent, literate, and enthusid5tlC sportspersons. The four-day VICTA Sport Family Weekend creates opportunities and delivers activities to facilitate cooperative learnin£ which enablès families to learn and grow from each other's 5hare.d experiences and 4tories. Any limiting presumptions parellts may have about their child's abilities are challengp.d. Early interventions help provide paronts with adaptive techniqup.>. str.Ite8ie.s and rosource%. Engaging in such learning can enhance family cohosion and adaptability. Thiis wep.kend accommodate5 UP to 120 people. VICTA Sport Young Achiever & Youth Sports Camp- Sport England A grant from Sport England's Movement Fund 3llowed us to build on the early 5uccp.£s of VICTA Sport with the Introduction ol Iwo new Initi3tivps. Thc first was our VICTA Sport Young Achievers Award de51gnEd lor children following a primary curriculum and encourages and reward5 the developfflent of phy51cal litcracy in children with a vision irnpairmgnt. Buill around thiee themes Iparlicipating in different sports, ijoveloping key movement skills and environmental awareness through physical activity) the award helps children grow In confidence, indppendence and resilience. The second Initiative was the pilot ol our Spcirts Leader%hip Camp. a livp-day residential camp hosted al the RoyiTrl National ColleBe for the Blind in Hereford, were 5tudent5 worked towaid5 achievinE a Level l Qualification in Sports Leadership. In support of both initiatives, the Movement Fund also supported purchase of equipment Including specialist Vl sports kit such as adapted balls, eye shades and running tethp.rs. 23
VICTA Children Ltd tes to the Financial StatementS- C for the Year Ended 31 December 2025 ntinued 19. RESTRICTED FUNDS- contlnued Leadership Awards & Courses- Anonymous Funder Research suggests that leadership development aitivitie5 empower young people at a pivotal Stage by helpin& them explore their potential, identify strengths, and build critical thinking skills necessary for personal and professional growth. In partnership with the Leadership Ski115 Foundation and Agent Academy, we provide a range of awards and cour5e5 designed to empower young people through the integration ol l@adership, project rn3nagement, and advocacy. For younBer participants, our programme5 offer a supportive environment to interact, sharc ideas, and collaborate with other5. These experiEnce5 help teens devclop social skills, such a5 empathy, active listening, and conflict re501ution. which are essential lor forming and maintaining healthy relationship5. As a student progresses, the focus 5hift5 tOW2rd mastering professional skills, includin8 the principles of project management, ellectiv communication and accourntability, ensuring growth at every stage ol development. 24