REGISTERED COMPANY NUMBER: 03758661 (England and Wales)
REGISTERED CHARITY NUMBER: 1075388
REPORT OF THE TRUSTEE5 AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
FOR
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Legal and administrative information
Report of the Trustees
2to16
Report of the Independent Examiner
17
Statement of Financial Activities
18
Balance Sheet
19
Cash Flow Ststement
20
Notes to the Financial statements
21to32
Detailed Income and Expenditure Account
34to35

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTIUTIVE DETAILS
Registered Company number
03758661 (England and Wales)
Registered Charity number
1075388
Registered office
The Guardian Centre
67 Clarendon Road
Colliers Wood
London
SW19 2DX
Independent Examiner
Gareth Rees FCA CTA
PB Associates
Chartered Accountants & Chartered Tax Advisers
2 Castle Busine55 Willage
Station Road
Hampton
Middlesex
TWI 2 2BX
Principal Bankers
National Westminster Bank PIC
16 Wimbledon Hill Road
Wimbledon
London
SWI 9 7ZD
CAF Bank
25, King5 Hill Avenue
Kings Hill
West Mailing
Kent
MEI 9 4IQ

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustee5 (who are also directors of the charitable company for the purposes of the Companies
Act 2006) are pleased to present theirannual Trustee5 Report, togetherwith the unaudited financial
statements for the year ending 31 March 2024, which are also prepared to meet the requiretnents
for a directors, report and accounts for Companie5 Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities: Ststement
of Recommended Practice applicable to charities p￿paring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1
January 2019) and UK Generally Accepted Accounting Practice.
TRUSTEES
All Trustees give their time voluntarily and receive no benefits from the Charity. Any expenses
reclaimed from the Charity are set out in Note 12 to the accounts. The Trustees serving during the
year and to the date of this report were as follows:
H A Cowd (Chairman)
S J Moore (T￿asUrer)
R F Bowman
W A Busbridge (Vice
Chairman)
S R D Coates
F Hibbert
N Gibson
H McAuley
H Meade
V A Morrison
FPPugh
Appointed 23 Novernber 2023
Resigned 23 November 2023
Resigned 23 November 2023
Resigned 23 November 2023
PRINCIPAL ACTIVIIY
The charitable company's principal activity during the yearwas to provide services, information and
5UPPOrt to residents of Merton who have a visual impairment. The aim is to support and empower
people with a visual impairment, from their diagnosis of permanent sight1055 through the entire
rehabilitative process, in whatever form is appropriate for them. This includes children, adults,
people with dual sensory loss and people with additional difficulties.
rRUCTURE, GOVERNANCEAND MANAGEME
Governing document
Merton Voluntary Association for the Blind T5 a company limited by guarantee governed by it5
Articles of Association dated 23 April 1999, amended 13 October 2000 and a further arnendment 9
November 2017. The Charity was originally founded in 1965 and was registered as an
unincorporated charity with the Charity Commission 9 March 1966.
Following the AGM 9 November 2017, a Special resolution was passed and the Articles of
Association of the Charity were changed in their entirety and replaced by new Articles.
All Trustee5 shall automatically become members of the Charity and their names shall be entered
into the Charity's register of members. The number of members of the Charity is unlimited. They
remain rnembers until they cease to be members in accordance with the Artrcles.

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Membership shall be open to any individual aged 18 or over whom the Board decides to admit to
membership. The Trustees may determine criteria for membership but are not obliged to admit
any person satisfying such criteria as member5 and may decline in their absolute discretion any
per50n'5 applicatTon and need not give reasons for such decision.
Only members are eligible to vote at the AGMIEGM. general or special meetings convened for the
purposes of discussing the business of the charitable company.
Appointment of new Trustee5
As set out in the Articles of Association Trustees are elected annually by the members of the
charitable company attending theAnnual General Meeting and servefora period of threeyears and
then one third of Trustees are required to retire by rotation but may be re*lected.

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STRUCTURE, GOVERNANCE AND MANAGEME
Trustees can be recruited by open advert or may be proposed and seconded by member5 and put
forward for election at the AGM in accordance with the ternis and timelines deterTnined by the
Board and subjett to the Board's approval of such nomination.
The Make-up ofthe Board
The Board consists of notfewer than six and no more than fifteen persons appointed by the Trustees
at any time at a meeting or in writing. The Board shall aim to have, as far as reasonable, equal
representation on the Board of visually impaired. heartng impaired and sighted people with all
Trustees having equal voting rights. Where this cannot be achieved the Board will still be valid
irrespective of the make-up of the Board.
Filing vacancies in the Board and co-option
The Board can appoint anyone as a Trustee to fill a vacancy in the membership of the Board. They
will hold office until the next annual general meeting where they may be elected by the members
(unless they cease to be a Trustee prior to that by virtue of Article 38 or 39). For the purposes of this
Article the Board shall decide how tnanyvacancies there are, subject to the maxirnum and minimum
numbers given in Article 33.1.
Trustee recruitment and induction
New Trustee5 are given induction on their roles, their legal obligations under charity and company
law, the Charity Commission guidance on public benefit, and inform them of the content of the
Articles of Association. the committee and decision-making processes. the busine55 plan and recent
financial performance of the Charity.
During the induction day they meet key employees and otherTrustees. Trustees are encouraged to
attend appropriate external training events where these will facilitate the undertaking of their role.
Governance and Organi5ational structure
The Trustees of Merton Voluntary Association for the Blind are responsible for the assets and
strategic direction of the Charity. The Chief Executive Officer, who is appointed by the Trustees, is
responsible for carrying out the day-to-day management of the Charity. To facilitate effective
operations, the Chief Executive Officer has delegated authority, within terms of delegation
approved by the Trustees, for operational matters including finance, employment and Charity
related activities. The Trustees normally meet quarterly during the year to receive reports on all
aspects of the Charity's activities and finance. The Chief Executive Officer attends all meetings.
Senior Management Team
Kevin Gregory
Nina Mitchell-mckoy
Chief Executive Officer
Officer Manager
Pay policy for senior staff
The Trustees consider the Board of Trustees and the senior management team comprise the key
management personnel of the Charity in charge of directing and controlling. running and operating
the Charity on a day-to-day basis. All Trustees give of their time freely and no trustee received
remuneration in the year. Details of Trustees, expenses and related paty transactions are disclosed
in Note 12 to the accounts.

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The pay of the senior staff is reviewed annually and normally increased in accordance with average
earnings. The Trustees benchmark against pay levels in other local charities of a similar size, which
are run on a voluntary basis.
Related parties and co-operation with other organisations
None of our Trustees receive remuneration or other benefit from their work with the Charity. Any
connection between a Trustee or senior management of the Charity With service user, external
contractor or supplier of services must be disclosed to the Board of Trustees in the same way as any
other contractual relationship with a related party. In the current year no such related paty
transactions were reported.
All related paty transactions are managed in accordance with the Charity's conflicts of interest
policy. All transactions and activities involving organisations in which a Trustee may have an interest
are conducted at arm's length and in accordance with the Charity's financial and procurement
procedures. Total reimbursed expenses made to Trustees are shown in Note I l.
In the current year no such related party transactions were reported.
Merton Talking Newspaper share our premise5, and member5 or Trustees of this charity are
potential trustees of Merton Voluntary Association for the Blind. Trustees who are members of this
charity keep the separate interests at'arm's length,.

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STRUCTURE, GOVERNANCE AND MANAGEMENT
Use of volunteers
MertonVi5ion is grateful to all its volunteers, who carry out a variety of different task5 both in and
out of the Charity. Our diverse range of volunteers have a variety of interests and reasons for
wanting to SUPPOrt the Charity- from gaining experience at the start of their career5 to using their
wealth of experience and knowledge to meeting the needs of our communities. All our volunteers
add value to our work and rnake a real difference to our clients and communities. Our volunteers
are supported and overseen by our Volunteer Service Manager and are managed in accordance
with the Volunteers policy.
Due to the size of the Charity, staff and volunteer5 work closely together and several of the existing
staff originally began as volunteer5. Volunteers are ￿cruIted on a rolling basis. Our volunteers are
made up of different groups. There are those who work with the Charity offering support to the
clients and staff, sometimes running activitie5.
OBJECTIVES AND AcTIV￿lEs
Objectives and aims
Objects
The objects for which the Charity is established are to grant a55iStance to all blind and partially
sighted people ordinarily resident in the London Borough of Merton and if the Trustees so
determines elsewhere in England and Wales. The Charity operates using the trading name of
Mertonwision.
Aims
Our aim is to support and empower people with a VTsual impairment, from their diagnosis of
permanent sight10sS through the entire rehabilitative process, in whatever form is appropriate for
them. This includes children. adults, people with dual sensory loss and people with other difficulties
in additio n to their visual Ios5.
Our services are informed by national guidelines and good practice, in particular'seeing it my way,
which works to ensure that blind and partially sighted people can access the support, information
and services needed for independent living.
We provide a 'pathway' of Services and collaborate widely to ensure that as far as possible those
needs are met.
Ensuring our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved and
the outcomes of our work in the previous 12 months. The review look5 at the success of each key
activity and the benefits they have brought to those groups of people we are set up to help.
The review also helps us ensure our aims, objective5 and activities remained focused on our stated
purposes. We have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing our aims and objectives and in planning our futLJre
activities. In particular, the Trustees consider how planned activities will contribute to the aims and
objectives they have set.

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FOR THE YEAR ENDED 31 MARCH 2024
Following the Coronavirus pandemic our staff and volunteers continue to help those members and
clients who cannot leave their home with a delivery service for shopping. prescriptions and in some
cases household emergencies. Any lingering concerns, requirements and anxieties are being
actioned and addressed. The Guardian Centre has reintroduced our nonnal program of activities
and added more. Members are however still reluctant to return, perhaps because pre-pandemic
routines were disrupted.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
PEOPLE HAVE ACCESS TO INFORMATION ABOLrr LIVING WITH SIGHT LOSS
We fees that this is best achieved through personal contact. During the pastyear we have had direct
contact with 566 clients, with 3,601 telephone calls. We also made 106 home visits to deliver
shopping, prescriptions. essential equipment and to help out with IT problems.
There were 302 new clients during the year.
The Guardian Centre is once again open Monday- Thursday 9 am to 5 pm and on Friday 9 am to 4
pm for personal and telephone callers, and at other time5 by appointment. In addition we provide:
Rehabilitation
Mertonvision provides a comprehensive rehabilitation service for people with a visual impairment
in Merton. The service is contracted from London Borough of Merton. Rehabilitation includes
'problem solving, to help individuals find solutions to the difficulties they may face, and gives them
the skills, confidence and equiprnent to re-order their lives. This will i nclude daily living skills such
as cooking, personal care, mobility training and a wealth of information about what is available to
help live with sight loss.
Mertonvision receive CVI'S directly from hospital eye clinics, this enables rehabilitation and support
services to be offered quickly. The Association of Directors of Social Services guidelines state that
the patient should be contacted within 2 weeks. The seNice has been offered to 135 adults. Our
average wait time for first contact was 12.25 days.
Habilitation Children
Mertonvision has a project for one day per week with London Borough of Merton SENDIS (Special
Educational Needs and Disabilitie5 Integrated Service) to provide mobility and independence
training for children in the borough who have a visual impairment. We sub-contract a qualified
rehabilitation and mobility officer to fulfil this project. Mertonvision also provide early assessment
and daily living skills training a5 appropriate to the child's age and ability.
Benefits Advice
We have a volunteer who is able to assist with filling in basic forms such a5 Blue Badge and Taxi
Card application5.
Newsletter and other information media
Our rnain publication is a bi-monthly newsletter, which is distributed to 392 people with a visual
impairment and 30 volunteers. sUPPOrters and local organisations. Information includes local and
national issues of interest to people with a visual impairment. Each person's personal preference is

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accommodated, with standard or customised large print, Braille, email. and memory stick (MP3)
format available.
Additionally we send information on a daily or ad hoc basis to those on our distribution list who
have access to email with news and information as it arrives at Mertonvision.
The Mertonwision website is now supported by a new provider and is updated regularly, we a
also using social media.
We work closely with Merton Talking Newspaper (MTN) to distribute MP3 players on permanent
loan on their behalf. This ensures that people also have the appropriate equipmentto listen to audio
books and newsletters.
Mertonvision is an agent for Wirele55 for the Blind. which provides specially adapted audio
equipment for those in need.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
EMOTIONAL SUPPORT AS_APPROPRIATE IS OFFERED
Counselling service
While depression is notan inevitable consequence of vision impairment, it is common. An estimated
one-third of older adults with vision loss report clinically significant depressive symptoms. Whether
a person with vision loss becomes depressed appears to be more related to the impact the vision
loss has on the person's functioning, rather than the Severity of vision loss. We are now working in
partriership with Wimbledon Guild of Social Welfare and Merton IAPPT who will provide
counselling for our clients when required.
The Guardian Centre is fully operational and offers the following activities.
Peer Support
Peer support is often crucial to those newly diagnosed with enduring sight loss. By offering social
opportunities Mertonvision enables visually impaired people (especially those with a recent
diagnosis) to meet with others who are living with sight105s and learn from each other. Our weekly
daytime or special events encourage people to meet and socialise.
Weekly social activities
This includes coffee morning, Social events and local peer support.
Lunch clubs
This gives people the opportunity to meet other people and enjoy a freshly prepared meal on
Thursday. We know that many people live alone and are unlikely to cook. We provided
approximately 215 lunches. New menus are being trialled and a second club aimed at younger
clients offering curries, burgers and lasagne held on Tuesday.
Social events
Mertonvision arrange social evenings, for example Bums nigh¢ Quizzes and Bridge tournaments.
During the summer months we arrange trips out on our minibus to the seaside or places of Inte￿SL
We are fortunate that many of ourvolunteers give up theirfree time to accompany and guide those

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who need it.
Maculargroup
The local Macular Group meet bi-monthly at Mertonvision. Everyone who has macular disease,
friend5 or family are welcome.
Transport
To enable people to get to our base at the Guardian Centre and take up our services we employ a
part time driver to drive our fully accessible minibus, and to manage a team of volunteer drivers.
We also hire additional minibuses when required. to ensure that we can provide the service when
needed.
All our drivers are required to undertake the Minibus Driver Awareness Scheme (MIDAS) training
and certification.
Young people with a visual impairment
Most of our Service users are elderly, therefore our services are geared towards the needs of older
people. However, we had a 5-year funded project to employ a Working Age Outreach worker to
focus on communicating with this hard-to-reach client group. This project, funded by Wimbledon
Foundation, has come to an end and unfortunately will not be renewed. The worker assisted and
advised visually impaired working age people in Merton.
The Powell Family have provided 2-yearfunding to provide regular activitiesfor children and young
people such as theatre visits, magic shows and animal interactions. This has allowed us to employ
a full-time co-ordinator.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
PROVIDE PRACTICAL SOLUTIONS TO THE PROBLEMS THEY MAY FACE
Home Support
We realised that many people with poor vision have difficulty resolving a problem at home that
needs vision, so we Set up a service in response to the need. We have helped with a variety of
'problems' for example, restoring the settings on a TV, delivery and setting up a talking microwave,
fitting a replacement light bulb for a task lamp and doing a safety check. We also deliver and set up
loan CCTV'S and training on their use.
Daily Living Aids and Equipment Room
The resource centre offers the opportunityto try some of the practical orspecialist equipment which
people with a visual impairment may find useful. Equipment is available to buy. some items are
available on short-term loan so that people can try more expensive items in their own horne first.
Our agreement with the RNIB gives us ordering priority for our clients.
Low Vision Aids
We offer a Low Vision Aids service to people in the community who have been referred by local
optometrist practices. The aim of the service is to enable people with low vision access to low vision
aids (optical magnifiers) rnuch earlier than the conventional route by referral to GP and subsequent
hospital appointment. In addition to early referral, this project allows for a more 'person centred,

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
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approach. so that the patient emerges with greater skills in using their magnifiers. The service is
funded by the Merton Clinical Commissioning Group, and is available at MertonVisiDn by
appointment.
Social and Adult Learning Activities
IT training
We have an accessible IT Suite equipped with 6 Pc's with large rnonitors and accessible software.
We give training on the use of the integral magnification and other specialist software, as well as
Using the computer. We have a part time, in-house IT Support Trainer. Mertonvision provides
training for using 'tsblets' (iPad and ePad), a5 these seem particularly accessible for people without
previous computer skills. We also have a qualified 'Guide' trainer to help people to set up and use
'Guide' accessible software at home.
Arts and Crafts
We employ an Arts and Craft tutor for one session per week to accommodate people with a visual
impairment.
Brail le training
We offer regular Braille readFng tuition classes.
Falls prevention
We offer a weekly Fa115 Prevention Chair Based Exercise Class, which helps to deliver the Falls
Strategy for Older People locally.
Falls are usually caused by one or more of four triggers: trips and hazards, polypharmacy (more
than four medications) poor muscle tone or poorvision. We have been working closely with Merton
Falls Prevention Lead (NHS) to add a simple sight-screening tool when assessing those who are
referred to their service. Those who failed were given our information about eye tests, cheaper
options for spectacles and the number to call if they need a domiciliary visit. We are hoping the
screening tool will be rolled out to more community assessors.
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ACHIEVEMENT AND PERFORMANCE
Cha ritable activities
PROVIDE PRACTICAL SOLUTIONS TO THE PROBLEMS TrIEY MAY FACE
Volunteer Services
The main focus of ourvolunteer services is to provide a Homevisiting Service to people with a visual
impairment. This service provides a trained volunteer to people who need additional help not
provided at the Guardian Centre.
Our full time Volunteer Service Manager recruits, train5 and supports volunteers for a variety of
roles within MertonVi5ion. All volunteers undertake enhanced DBS checks. The volunteers have
given 2632.50 hours of their time to support our clients.
We are pleased that we can accommodate volunteers from diverse cultures and those with
disabilities. We are very grateful to our volunteer5, Without whom many of our seNices wou Id not
run.
COMMUNITY PROLECTS
The Chief Executive Officer gives talks to community groups on the work of Mertonvision. We also
provide Visual Impairment Awareness Training.
During the year we have worked or collaborated with the following organisations to improve
services locally for people with a visual impairment.
Close collaboration means that we can refer clients (with their permission) to other services or
organisations where their need can be met.
Merton Clinical Commissioning
Group
LBM Library service
LBM Social services
L8M Education DepL
MVSC
RSBC
London Vision
Sight For Surrey
Merton Public Health Team
Wandsworth Commissioning
Team
Vision Foundation
LBM Ageiiig Well Programme Phase
Wimbledon Guild of Social Welfare
Age UK Merton
Merton Community Transport
Safer Neighbourhood team
Merton Asian Elderly group
Thomas Pocklington Trust
Wimbledon Foundation
Commonside Trust
Merton Chamber of Commerce
Wimbledon Dons
The Powell Family
Sutton Vision
Croydon Vision

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REPORT OF THE TRUSTEES - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Transcription Services
Providers of written information are required to offer accessible formats such as large print, Braille
and audio.
We are pleased that we are able to offer a transcription service free to our members and on a
commercial basis to our customers. Mertonvision is the preferred provider of braille transcription
to the London Borough of Merton.
Mertonvision is a member of COTIS (Confederation of Transcribed Information Services).
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MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
REPORT OF THE TRU￿EE5- CO￿[[NuED
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
When we were approached over 9 years ago by a developer who wanted to demolish our building
and supply a purpose-built new home for Mertonvision, at no cost to U5, on the ground floor it
excelled our wildest dreams. On the top floor, in collaboration with the local NHS Commissioning
Group, home for two GP practices. NHS England promised to contribute £1 M towards the project.
Constant demands for higher rents from the NHS for the GP surgeries and increases in building
Costs caused the developer to walk away. Top heavy bureaucracy within the NHS Commissioning
Group and a complete lack of urgency caused the £1 M funding offer to lapse. The NHS refuse to
put in wThting that the project has ended, which because of our'restricted freehold, on the land is
causing problems with any venture with the London Borough of Merton. Utterly frustrating. The
Trustees will continue to remain steadfastly committed to ensuring a sustainable organisation for
the benefit of its service users. TheTrustees consider the overall financial performance of the Charity
for the year to be extremely positive thanks to year 2 of the National Lottery granL
As in the previous year the Charity's income is project led but also rernains heavily reliant on the
public sector funds with the Local Authority. The Wimbledon Foundation project to engage a
Working Age Outreach Worker has ended and will not be extended. The grant from the National
Lottery in respect of funding the extra cost of transporting members and clients to attend activities
at the Wilson Hospital consequently, the ending of the project has meant that the grant has been
repaid. Thanks to a 2-year grant from the Powell Family worth £34,125 this year, Mertonvision was
able to implement its long-awaited Children's and Young Person's Project. Finally, grants from
Vision Foundation for cost-of-living increases and building repairs £9,000 and £32,000 from NHS
SW London ICB for Loneliness and Isolation Outreach Work were also received. There have been
sorne changes during the year within the other categories of income.
The Charity's Trustees wish to express our sincere gratitude to all our grant funders, listed in note
3 on page 24 of these accounts, for their 5UPPOrt during the year.
The Charity's incoming resources have increased by 14.45% to £580,156 (2023: £506,889) due to
the grants listed above. The Charity's expenditure has increased to £528,008 (2023: £437,043) due
to additional costs associated with the National Lottery grant. The net effect of the above is an
increase in total reserves of £52,148 (2023= £69,846).
The Charity's Trustees will continually attempt to keep the cost structure of the organisation stable
and tightly controlled.
Future plan5
Coing back to the building project. for over 9 years no repairs were undertaken on the buildings
because we had always assumed that they would eventually be demolished and therefore be a
waste of our funds. The centre now needs to be totally recommissioned requiring a new roof,
heating system, complete rewiring to gain a new Electrical Certificate, gas and fire inspections and
any resulting costs. Then redecoration works to bring the property back to a suitable state to
welcome staff, clients, member5 and guests.
Thi5 is a huge expense, which Mertonwision cannot fund on its own, so we are frantically looking
for external funding.

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FOR THE YEAR ENDED 31 MARCH 2024
The National Lottery grant has transformed the Charity's finances with the exciting prospect of
having 1 more year left to run. After ouryear 2 progress report, our funding manager commented
that it was the best and most encouraging he had ever seen. but unfortunately he cannot sit on the
panel to consider funding extensions. Special congratulations to the Outreach Team, the Chief
Executive Officer, his staff and the volunteers once again.
Thank5 to a l-year grant from Merton Borough of Sport (Clarion Futures) worth £4,930 for two-
thirds of the c05t of a new Martial Arts and self-defence class for visually impaired children, young
person's and adults.
Our Chief Executive o￿lcer (CEO) has had discussions with our National Lottery funding manager
about a possible underspend of grant funds atthe end of lune 2025. He will allow a certain amount
to be Spent on the Centre refurbishment and to pay the Outreach team forjuly 2025. In December
2024 our CEO will put forward a bid to the National Lottery to try and extend the grant funding for
another 3 years. The very favourable response to ouryear 2 report should hopefully give us a good
chance.
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REPORT OF THE TRUSTEES - CONTINUED
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FINANCIAL REVIEW
Investment policy and objectives
The Trustees, having regard to the liquidity requirements of operating the Charity. have kept
available funds in an interest-bearing deposit account and seek to achieve a rate on deposit which
matches or exceeds inflation as measured by the ￿tall prices index.
The Trustees have designated the Emily Wells legacy (£51.526) as an income-generating fund. The
Trustees have explored sultable short-term investments to generate income on the remainder of
their free reserves. These investments have been placed with different banking institutions to
mitigate any possible losses the institutions might Suffer.
Reserves policy and going concern
At a committee meetin9 held on I l March 2021 to address the continuing economic uncertainties
ahead and the inability to attract new core funding the Trustees agreed to change their previously
established policy, whereby the unrestricted funds not committed or invested in fixed asset5 (the
free reserves) held by the Charity should be up to six rather than twelve months of the resources
expended, which now equates to approximately £264,000. At this level the Board of Trustees feel
that they would still be able to continue the current activities of the Charity in the event of
significant drop in funding.
Risk management
The Trustees have reviewed the major risks to which the Charity is exposed, in particular to
operations and finances. Operational risks are minimised by the implementation of procedures and
policies, with a regular review of these to ensure current good practice. A disaster plan to ensure
business continuity in the event of unplanned events has been prepared. The Trustees have
identified the inherent risks associated with having one primary funding source. Our reseNes policy
mitigates some of the risks of loss of funding. The Trustees have implemented and augmented a
fundraising programme.

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REPORT OF THE TRUSTEES- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees (who are also the directors of Merton Voluntary Association for the Blind for the
purpose5 of company law) are responsible for preparing the Report of theTrustees and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland,.
Company law requires the Charity's Trustees to preparefinancial ststernents foreach financial year.
Undercompany law theTrustees must not approvethe Financial statements unles5 they are 5atlsfied
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure, of the charitable
company for that period. In preparing those financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consi5tently'
observe the methods and principles in the Charity 50RP 2019 (FRS102);
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Stsndards have been followed, subjert to any
material departures disclosed and explained in the financial statements, and;
prepare the financial statements on the going concern basis unless it 15 inappropriate to
presume that the charitable company will continue in business.
The Trustees are responsiblefor keeping proper accounting records, which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure
that the financial Statements comply with the Cornpanies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the Charity and financial
information included on the Charity's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
ThFS Trustees report has been prepared in accordance with the special provisions of Part 15 of the
Companie5 Act 2006 relating to small companies.
ON BEH
F OF THE BOARD:
H A Cowd- Chairman
21 November 2024

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
INDEPENDENT EXAMINER'5 REPORTTO THE TRUSTEES OF
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
I report to the Charity's Trustees on my examination of the accounts of the charitable company for
the year ended 31 March 2024, which are Set out on pages 18 to 32.
Respective and basis of report
As the Charity's Trustees ofthe charitable company (and also its directors forthe purposes of company law)
you are responsible for the P￿ paration of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satlsfied myself that the accounts of the charitable company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your Charity's accounts a5 carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In
carrying out my examination I have followed the Directions given tythe Charity Commission under section
145(5)(b) of the 2011 Act.
Independent examiner's report
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
Section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am
member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe=
(1) accounting records were not kept in resF*rt of the charitsble company as required by section 386 of
the 2006 Ac¢ or
(2) the accounts do notaccord with those accounting records: or
(3) the accounts do not comply with the accounting reqLJirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair, view which Is not a matter considered
a5 part of an independent examination- or
(4) the accou nts have not been prepared in accordance with the methods and principles of the Statement
of Recommended practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Gareth Rees FCA CTA
On behalf of
PB Associates
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX
..Li..

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
STATEMENT OF FINANCIAL ACTWITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUND
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
FLJnds
INCOME
Income and endowments from:
Donations and legacies
Income f rom charitable activitie5:
Grants
Notes
63,474
63.474
25,959
122.467
Charitable Activities
253,815 376,282 245,566
7,780
11,960
124.706 219,637
7,780
Contracted service5
124,706
Other trdding activities:
Fundraising and events
Investment income
511
511
1,459
2,308
7,403
7,403
Total Income
326,341
EXPENDITURE ON:
Raising funds
Charitable activities-
Charity Activities
253.815 580,156 506,889
340
340
475
294,304
233,364 527,668 436,568
Total expenditure
294,644
233,364 528,008 437,043
NET Incomel(expenditure) before transfers
Tr3nsfers between funds
31,697
20,451 52,148
69.846
NET Income/(expenditure) after transfers
31.697
20.451 52,148
69,846
RECONCILIATION OF FUNDS
Totsl funds broughtforward
498,836
87,324 586,160 516.314
TOTAL FUNDS CARRIED FORWARD
530.533
107,775 638,308 586,160
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
18-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
BALANCE SHEET AT 31 MARCH 2024
2024
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
Notes
FIXED ASSETS
Tangible assets
52,799
4,898
57,697
58,787
Investments
25,000
25,000
25,000
77,799
4,898
82,697
83,787
CURRENT ASSETS
Stocks
633
633
633
Debtors: amounts falling due within one
year
17
27,345
5,335
32,680
49,584
Cash at bank and in hand
434,909
105,301
540,210
468,179
462,887
110,636
573,523
518,396
LIABILITIES
Creditors: Amount5 falling due within one 18
year
(10,153)
(7,759) (17,912) (16,023)
NET CURRENT ASSETS
452.734
102.877
555,611
502,373
NET ASSETS
£530,533
£107,775 £638,308 £586,160
TOTAL FUNDS OF THE CHARITY
Unrestricted Funds
Restricted Funds
530,533 498,836
107,775
87,324
TOTAL FUNDS
£638,308 £586,160
The Trustees consider that the charitsble company is entitled to exemption from the requirement to have an
audit under the provisions of Section 477 of the Companies Act 2006 ("the Act") relating to small companie5
and members have not required the charitable companyto obtsin an auditfortheyear in question in accordance
with section 476 of the Act.
TheTrustees acknowledge their responsibilitiesfor complying with the requirements ofthe Companies Act2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
The financial Statements were approved by the Board of Trustees on 21 November 2024 and were signed on its
behalf by-
H A Cowd- Chairman and Truste
S l Moore-Treasurer and Trus
The notes form part of thesefinancial Statements

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
Cashflows from Operating Activities
Net Cash Provided by Operating Activitie5 (see note below)
2024
2023
£72,031
£47,996
Change in Cash and Cash Equivalents in the Reporting Period
72,031
47,996
Cash and Cash Equivalents at Beginning ofthe Reporting Period
468,179
420,183
Cash and Cash Equivalents at End of the Reporting Peri￿
£540,210
£468,179
Reconciliation of Net Income/Expenditure to Net Cashflow from
Operating Activitie5
Net Incofflel(Expenditure) for the Reporting Period (per Statement of
Financial Activities)
52,148
69,846
Depreciation
6,788
4,125
(Increase) in Debtors
16.904
(18,383)
Increase in Creditors
1,889
3,494
Purchase of Fixed Assets
(5,698)
(11,086)
Net Cash Provided by Operating Activitie5
£72,031
£47,996
Analysis of Cash and Cash Equivalents
Cash at Bank
£540,210
£468,179
-20-

MERTON VOLUNTARY A550CIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YB4R ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Company status
Merton Voluntary A550ciation for the Blind is a charitable company limited by guarantee and
registered in England and Wales. The registered office and company registration numberare detailed
onpagel.
Basis of preparation
Merton Voluntary Association for the Blind meets the definition ofa public benefit entity under FRS
102.
The financial statements have ￿en prepared in accordance with Accounting and Reporting by
Charities Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable inthe UK and Republic of Ireland issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Accou nting Practice.
Thefinancial ststements are presented insterling. which is the functional currency ofthe Charity-
The significant accounting policies applied in the preparation of these financial ststements are
set out below. These policies have been consistently applied to all years presented unless otherwise
stated.
Preparation of the accounts on a going concern basTS
The Trustees have considered the company's balance sheet, trading activity and estimated cash flows
for a period of at least 12 months from the date these financial statements were signed and have
concluded that the charity will continue to be able to meet its obligations as these fall due.
ludgement and key source5 of estimation uncertainty
In the application of the Charity's accounting policies, the Charity is required to make judgments,
estimates and assumptions about the carrying amount of assets and liabilities that a￿ not readily
apparent from other sources. The estimates and associated assumption5 are based on historical
experience and other factors that are considered to be relevanL Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the revision
affect5 only that period, or in the period of the revision and future periods where the revisiori affects
both current and future periods.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Trustee5. Unrestricted fu nds include designated funds where the Trustees, at their discretion, have
created a fund for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity.
Restrictions arise when specified by the donor or when fund5 are raised for particular restricted
purposes. Where necessary, a quarterly report is sent to the donor detailing the expenditure.
Further explanation of the nature and purpose of each fund is included in Note 20 on pages 30 & 31
of the financial statements.
21

MERTON VOLUNTARY ASSOCIATION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS_ CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLICIES - continued
Income
All incoming resources are included on the Statement of Finantial Activitie5 when the Charity is
legally entitled to the income and the amount can be quantified with reasonable accuracy. Income
15 deferred only when the Chanty has to fulfil conditions before becoming entitled to it or where
the donor ha5 specified that the income is to be expended in future period.
Donated services or facilities are recognised when the Charity has control over the item, any
conditions associated with the donated item have been mel the receipt of economic benefit from
the use of the Charity of the item 15 probable and that economic benefit can be measured reliably.
Some of the management and activty of the Charity is carried out by volunteers. In accordance
with the Charities SORP (FRS 102), the volunteer time is not recognised and refer to the Trustees,
reportfor more information about their contribution.
On receipt donated professional sep4ices and donated facilitie5 are recognised on the basis of the
value of the gift to the Charity which is the amount the Charity would have been willing to pay to
obtsin services or facilitie5 of equivalent economic benefit on the open markeL a corresponding
amount is then recognised in expenditure in the period of receipt
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance cost5 are allocated to the applicable expenditure headings having regard to the nature
of the expenditure.
Expenditure for raising funds includes only directly related costs for traditional fundraising including
Staff time where applicable. All roles within the senior management team that have fundraising
responsibility in its broader sense of restricted income generation in the form of, foT example, larger
multi-year statutory grants remain within costs for charitsble activitie5. This is to ensure that the
fundraising income and costs shown in the Statement of Financial Activities relate to each other and
can be reasonably compared.
Grants paid to individuals
Certain grants are applied for on behalf of clients and where these applications are successful; the
amounts received are expended in accordance with the terms and conditions of the grant
application.
Donated services and facilities
Gifts are recorded as received however, as the value of most gifts received cannot be measured
reliably these are not included in the accounts.
Voluntary help
A certain amount of time is expended on the Charty's activities, which is donated free of charge
which includes pro bono counselling and therapist time. It is not possible to quantify the value of
time given and accordingly it is neither recorded as donated income nor as an expense in the
accounts.
Pension costs and other post-retirement benefits
Since l August 2016 employees were able to join the money purchase Scheme. which has been
established in cotnpliance with the regulations on workplace pension5 under the Pensions Act
2008. Employee5 were automatically enrolled into the money purchase scheme unless they have
exercised their right to opt out of scheme membership.
Contributions payable to the charitsble company'5 pension scheme are charged to the Statement
of Financial Activities in the period to which they relate.
22-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
I . ACCOUNTING POLICIES - continued
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Individual fixed assets costing
£1,000 or more are capitalised.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their
estimated residual value, over their expected useful lives on the following bases:
A55et Category
Annual Rate
Freehold buildings
Fully depreciated
Computer equipment
33% on cost
Plant and machinery
20% on cort
OITice furniture and fittings
25% on reducing balance
Motor vehicle5
20% on reducing balance
Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the closing
quoted market price. The income arising on the investments is shown under investment income
in the Statement of Financial Activities.
Gains and losses on investment assets disposed of are shown as gains and 105ses in the Statement of
Financial Activities.
Stocks
Stocks are valued at the lower of c05t and net realisable value, after Tnaking due allowance for
obsolete and slow moving items.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account, as
well as cash in hand held by Charity 3tthe year end.
Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are
recognised at the invoiced cost prepaid.
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 transferof funds to a third party and the amountdue to settle
the obligation can be measured or estimated relÈably. Creditors and provisions are normally recognised
at their settlement amount after allowing for any trade discounts due.
Taxation
The Charity is an exempt charity within the meaning of schedule 3 of the Charitie5 Act 2011 and is
considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010. Accordingly it is
potentially exempt from taxation in respect of income and capital gains received to the extent that
such income or gains are applied to exclusively charitable purposes. No provision for taxation has been
made in these financial statements.
2. INCOME FROM DONATIONS AND LEGACIES
2024
2023
Donations
Contribution towards accounts intern salary
Legacies
Membership
17,394
9,082
36,554
444
25,107
4,541
852
63,474
30,500
Income from Donations was £63,474 (2023: £30.500) all of which was unrestricted in both financial years.
23-

MERTON VOLUNTARY ASSOCIATION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
INCOME RESOURCES FROM CHARITABLE ACTIVITIES
Activity
2024
2023
Grants
Grants
Activities income
Fees received
Charitable Activities
Catering income
Charitable Activities
Hall Hire
Charitable Activities
Charitable Activities
Members club sales
Other income
Charitable Attivities
Charitable Acknvities
Tran5POrt charges
Charitable Activities
Acce55 to Work
Contracted Service5
Maintenance of LBM register
Contracted Service5
Merton Clinical Commis5i0ning Group (CCG) Contracted se￿ICe5
Moorfields Eye Hospital NHS Foundation Trust Contracted Services
Rehabilitation Charges
PHP Primary care
Contratted Services
Contracted Services
376,282
326
1,064
559
3,280
1,276
245,566
257
4,156
1,130
4,354
967
218
878
41,497
1,292
2,684
21,869
128,239
24.056
1,276
34,757
1,184
2,366
(1,988)
88,386
508,768
477,163
Grants ￿Ceived, included in the above, are as follows:
2024
2023
London Borough of Merton
Merton Connect Work with Children
Wimbledon Foundation (restricted grant)
Thomas Powell Foundation (restricted grant)
The National Lottery Community Fund (restricted grant)
Merton Connect Vaccination Championships
DWP _ Access to Work (restricted grant)
Other Small Grants
NHS south West London (part restricted grant)
Big Lottery (restrirted grant)
Everyone Health (restricted grant)
Vision foundation for London
81,467
54,715
469
25,000
25,000
34,125
(10,000)
10,000
2,500
18,259
108
500
129,665
4,350
28,486
32.500
175,704
9.000
376,282
245,566
FUNDRAISING AND EVENTS
2024
2023
Fundraising events
MVAB Lottery
100 Club
Quiz Night
259
168
468
823
252
511
1,459
All of the Charity's Fundraising income of £511 (2023: £1.459) 15 urJre5tricted.
24-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
2024
2023
Deposit account interest
Investment income
6,550
853
1,938
370
7.403
2,308
All of the Charity's investment income of £7,403 (2023: £2,308) arises from money held in interest
bearing deposit accounts and is unrestricied.
RAISING FUNDS COSTS
2024
2023
Publicity and fund raising cost
100 club prizes
50
290
70
405
340
475
CHARITABLE ACTIVITIES COSTS
Direct
costs
Governance
costs
2024
Total
2023
Total
Charity Activitie5
518,396
9,272
527,668
436,568
TOTAL FUNDS
518,396
9,272
527,668
436,568
ANALYSIS OF DIRECT COSTS
2024
Totals
2023
Totals
Unrestricted
Restricted
Wages and salarie5
Other staff costs
Volunteer expenses
Direct project costs
Premises costs
Office costs
Grants paid to individuals
240,339
2,349
167,371
15,066
248
407,710
17,415
248
7,512
35,959
49,552
365,797
3,417
379
2,360
22,751
34,014
250
7,512
14,834
19,998
21,125
29,554
TOTAL FUNDS
285,032
233,364
518,396
428,968
25-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
GOVERNANCE COSTS
2024
2023
Accountsncy
HR fee5
Independent Examiner lees
Legal fees
Payroll fees
Subscriptions and fees
1,337
2,863
2,063
1,200
360
1,449
1,260
2,863
1,943
360
1,161
9,272
7,600
NET INCOMINGI(OUTGOING) RESOURCES
Net resources are stated after chargingl(crediting):
Independent Examiner's fees
Depreciation - owned assets
2.063
6,788
1,943
4,125
STAFF COSTS
Gross Wage5
Employers National Insurance
Pension costs
370,638
26,876
10,196
333,937
22,819
9,041
407,710
365,797
No employee5 had employee benefits in excess of £60.000 (2023: £60,000). Pension costs are allocated to
activities in proportion to the related staffing costs incurred.
The key management personnel of the Charity comprise of the Trustees, the Chief Executive Officer and the
Office Manager. The total employee benefits of the key management personnel of the charity were £68.563
(2023: £74,785).
The average monthly number of employees (including (asual and parttime staffj during the year was as
follows:
2024
No
2023
Senior Management Team
Other Directcharitable Staff
TRU5TEES' REMUNERATION AND BENEFITS
The Charity Trustees were not paid or received any other benefits from employment with the Charity in the
year (2023- £Nil) During the year, no Trustees were reimbursed for disbursements (2023- £Nil) in respect of
fundraising and other related expenses.
No charity Trustee received payment for professional or other services supplied to the Charity (2023: £Nil).
PENSION COST5
The Charity has a defined contribution pension scheme, which all employees are entitled to join. From l April
2019 the Charity contributes 396 and the employees contribute a minimum of 596, howeveremployees may
make further additional voluntary contributions.
During the year ended 31 March 2024, the Charity's total contributions amounted to £1 0,196 (2023: £9,041).
The Trustees are satisfied that any foreseeable change in employer's contributions can be budgeted for
without detriment to the Charity's on-going activities.
TRANSACTIONS AND RELATED PARTIES
There were no related paty transactions during the year orthe previous year. other than the remuneration of
key managefflent personnel set out in Note I l.
26-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENT5- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
TANGIBLE FIXED ASSETS
Freehold Fixtures and
Property
fittings
Motor
vehicles
Computer
equipment
Totals
COST
At l April 2023
Additions
Disposals
108,541
37,800
27.295
90.980
264,616
5,698
5.698
(12,815) (12,815)
At 31 March 2024
108.541
37,8(K)
27.295
83.863
257,499
DEPRECIATION
At l April 2023
Charge for year
Eliminated on disposal
58.521
36,818
26,901
83,589
205,829
6,463
6,788
(12,815) (12,815)
246
79
At 31 March 2024
58,521
37,064
26,980
77,237
199,802
NET BOOK VALUE
At 31 March 2024
50,020
736
315
6,626
57,697
At 31 March 2023
50,020
982
394
7,391
58,787
FIXED ASSET INVESTMENT5
2024
2023
National Savings Income Bonds- valued atcost
25,000
25,000
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors & accrued income
Prepayments
27,971
4,709
44,397
5,187
32,680
49,584
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditor5
Accruals
922
330
16,660
3,024
1,209
11,790
17,912
16,023
27-

MERTON VOLUNTARY ASSOCIATION FOR THE BUND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS
Net
movement In
funds
Transfers
between
fund5
Current Year
At 114123
At 3113124
Unrestricted funds
General fund
Designated - Emily Wells Memorial Fund
Designated - Generdl Building Maintenance
Designated - Gym Equipment
Designated - Hall Refurbishment
Designated - High Tech Loan Equiprnent
Designated - ITand other Equipment
Designated - New Minibus
Designated - Removal Costs
Designated - Resource Room Equipment
Designated- Social Club Refurbishment
172,539
51,526
104,131
15,000
10,640
15,000
45,000
31,697
(15,000)
189,236
51,526
184,131
80,000
(15,000)
i 0,000
(15,000)
(45,000)
15,000
20,640
15,000
20,000
20.000
15,000
50,000
(15,000)
50,000
Restricted fund5
Access to Work
Dora and Leslie Barter Conservatory Fund
Hearing Irn paired Children
Wirnbledon Foundation
Everyone Health
National Lottery Community Fund
Big Lottery
Thomas Powell Family Foundation
HHS South West London
498,836
31.697
530,533
7.390
6.250
454
14.167
4,080
i o,o(x)
44,983
(2,492)
4,898
6,250
454
16,462
2,680
2,295
(1,400)
(i 0,000)
31,548
76,531
500
500
87.324
20,451
107,775
TOTAL FUNDS
586,160
52.148
638,308
Net movement in funds, included in the above are as follows..
Incoming
Resources
Resources Movement In
Expended
Funds
Unrestricted funds
General fund
326,341
(294,644)
31,697
326,341
(294,644)
31,697
Restricted fLJnds
Access to Work
Wimbledon Foundation
Everyone Health
Thomas Powell Family Foundation
Nation31 Lottery Community Fund
Big Lottery
NHS South West London
28.486
25.000
(30,978)
(22,705)
(1,400)
(34,125)
(2,492)
2,295
(1,400)
34,125
(i 0,000)
175.704
500
(10,000)
31,548
500
(144,156)
253.815
(233,364)
20,451
TOTAL FUNDS
580,156
(528,008)
52,148
28-

M ERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS continued
Comparative Year
Net
movement In
funds
Transfers
between
funds
At 114122
At 3113123
Unrestricted f u nds
General fund
Designated - Emily Wells Memorial Fund
Designated - General Building Maintenance
Designated - Gym Equipment
Designated - Hall Refurbishment
Designated - High Tech Loan Equipment
Designated - IT and other Equipment
Designated- Minibus
Designated - Removal Costs
Designated - Resource Room Equipment
Designated - Social Club Refurbishment
114.820
51,526
104,131
15.000
10,640
15,000
45,0(K)
55,0(X)
20,0(X)
15,0(X)
50,OC
2,719
55,000
172,539
51,526
104,131
15,000
i 0,640
15,000
45,000
(55,000)
20,000
15,000
50,000
496,117
2.719
498,836
Restricted funds
Access to Work
Dora and Leslie Barter Conservatory Fund
Hearing Impaired Children
Wimbledon Foundation
Wimbledon Foundation-child activities
Merton Connect IT Project
Everyone Health
National Lottsry Community Fund
Big Lottery
7,390
7,390
6,250
454
14,167
6,250
454
10.828
687
1,978
3,339
(687)
(1,978)
4,080
i 0,000
44.983
4,080
i 0,000
44,983
20,197
67,127
87,324
TOTAL FUNDS
516.314
69,846
586,160
Net movement in fund5, included in the above are as follows:
Incoming
Resources
Resources Movement In
Expended
Funds
Unrestricted funds
General fund
319,615
(316,896)
2,719
319,615
(316,896)
2,719
Restricted fu nds
Access to Wark
Wimbledon Foundation
Wimbledon Foundation-child activities
Merton Connected IT Project
Everyone Health
National Lottery Community Fund
Big Lottery
18,259
25,000
(10.869)
(21,661)
{687)
(1,978)
(270)
7,390
3,339
{687)
(1,978)
4,080
i 0,000
44,983
4,350
i 0,000
129,665
(84,682)
187,274
(120,147)
67,127
TOTAL FUNDS
506,889
(437,043)
69,846
29-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
20.
FUNDS DETAILS
UNRESTRICTED FUNDS
Funds have been designated asfollows:
Emily Wells Memorial Fund
Thi5 capital amount was designated in committee to provide revenue.
General Buildings Maintenance
The Trustees have taken advice on the risks involved in owning a large building and the likely repair
and maintenance needs over the longer tertn. This amount has been Set aside to meet large repair
and maintenance needs.
Hall Refurbishment
The Trustees have agreed to refurbish the hall area.
Removal Costs
In a prior year, the Trustees have decided to set-up a fund to cover possible, unforeseen
expenditure on our decampment during the reconstruction of The Guardian Centre.
Social Club Refurbishment
The Trustees have agreed to update and refurbish the social club area. Following a donation from
the social club bank account and to recogni5e its source, it wa5 decided in cortlmittee to increase the
fund by a similar amount to a total now of £50,000.
New Minibus
The Trustees have agreed to transfer from General Re5eNes £75.0￿ to signify our firm contribution
towards a new minibus.
RESTRICTED FUND5
Acce55 to Work
Funding received from the Department forwork and Pensions forvarious equiptnent and expenses by
a visually impaired members of staff to as51St them in carrying out their employmenL Certain items of
computer equipment were capitalised and are being depreciated.
30-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
20.
FUNDS DETAILS - continued
The Dora and Leslie Barter Conservatory Fund
In accordance with the provisions of the Dora Barter legacy the funds donated therein are to be applied
to the building of a new conservatory.
Hearing Impaired Children
Fundin9 received from Wimbledon Distrirt Nursing and Midwifery Benevolent Society to enable
he3rir)g-impaired children to join the Eye Can Do It programme.
Wimbledon Foundation
We secured five year project funding to engage a Working Age Outreach Worker to develop social and
peer 5UPPOrt activities and to promote the take up of statutory and voluntary services for workin9 age
people with impaired vision in Merton. The project provides £25,000 per annum to cover salary costs,
expenses and overheads of the Outreach Worker until 31 March 2024.
Everyone Health
A grant of £4,350 was received to support our new No One Left Behind, chair based, exercise classes.
Big Lottery
A 3 year grant to SUPPOrt our Outreach Team who recruit and train volunteers to assist our members
and clients to live better lives despite their visual impairment.
Thom3s Powell Family Foundation
A 2-year grant to support our Children's and Young Person's projecL which provides regular
activitie5 for our younger members.
NHS South West London
Provision of setvices grant from 19 February 2024 to 31 May 2025 to Health Watch Sutton.
21.
CAPTIAL COMMITMENT5
The Charity has authorised and contracted for expenditure of £Nil. The Charity has authorised but not
contracted for expenditure of £Nil in its capital budget for the upcoming year.
31

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
22.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME
Unrestricted
Funds
Restricted
2023
Funds Total Funds
Income and endowments from:
Donations and legacies
25,959
25,959
Income from charitable activitie5".
Grants
Charitsble Activities
Contracted services
58,292
11,960
219,637
187,274
245,566
11,960
219,637
Other trading activities:
Fundraising and events
1,459
1,459
Investment income
2,308
2,308
Total Income
319,615
187,274
506,889
EXPENDITURE ON:
Raising funds
Charitable activities:
Charity Activities
475
475
316,421
120,147
436,568
Total expenditure
316,896
120,147
437,043
NET Incomel(expenditu re) before transfer5
2.719
67,127
69,846
NET Income/(expenditure) after transfers
2,719
67,127
69,846
32-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
The followin9 pages do not form part of the financial statements.
33-

MERTON VOLUNTARY ASSQCIATION FOR THE BLIND
DETAILED INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME
Donations and legacies
Donations
Contribution towards accounts intern salary
Legacies
Membership
17,394
9,082
36.554
444
20,566
4,541
852
Fundraising Income
Fundraising
MVAB Lottery
100 Club
63,474
25.959
259
823
168
468
252
Investment income
Deposit Account Interest
Investment Income
511
1.459
6,550
853
1,938
370
Income from charitable activitie5
Grants
Compensation for avoidable overheads incurred
Activities Fees
Fees Received
Catering Incorne
Hall Hire
Members Club Sale5
Other Income
Transport Charges
Access to work
Maintenance of LBM register
Merton Clinical Commissioning Group (CCG)
Moorfields Eye Hospital NH5 Foundation Trust
Rehabilitstion Charges
7,403
2,308
376,282
245,566
24,056
257
4,156
1,130
4,354
967
218
878
41,497
1,292
2,684
21,869
128,239
326
1,064
559
3,280
1,276
1.276
34,757
1,184
2,366
(1,988)
88,386
508.768
477,163
Total Income
580,156
506.889
This page does not form part of the statutoryfinancial statements
34-

MERTON VOLUNTARY ASSOCIATION FOR THE BLIND
DETAILED INCOME AND EXPENDrruRE ACCOUNT
FOR THE YEAR ENE)ED 31 MARCH 2024
2024
2023
EXPENDITURE
Raising Funds Costs
Publicity and fundraising cost
100 Club Prizes
50
290
70
405
340
475
Charitable Activities
Wages
Redundancy Pay
Employer's National Insurance
Pension
Volu nteer costs
Insurance
Light, heat and water rates
Rates
Telephone
Postage and Stationery
Sundries
Transport costs
Travel costs
Office cleaning and materials
Activity costs
Catering expense5
Members club purchases
Computer and IT costs
Repairs and maintenance
Access to work equipment
Staff training
Bank charges
Resales
Grants to individuals
Depreciation of fixture5 and fittings
370,638
322,995
10,942
22,819
9,041
155
4,725
11,676
1,382
2,955
3,719
593
3,345
1,425
1,678
996
1,344
360
9,347
4,916
7,174
2,389
416
201
250
4,125
26,876
10,196
301
5,214
13,204
1,465
4,151
5,275
2,040
4,463
2,679
9,633
4,427
2,973
10,429
7,969
24,946
3,904
439
386
6,788
518,396
428,968
Governance costs
Accountancy
Independent Examiner5 fees
HR fee5
Legal fees
Payroll Fees
Subscriptions and fees
1,337
2,063
2,863
1,200
360
1,449
1,260
1,943
2,863
360
1,161
9,272
7,600
Total Expenditure
528,008
437,043
Net 5ncome (expenses)
52,148
69,846
This page does not form part of the statutory financial statements
35-