Cownpany registration number L13758651 (England and Wales} Charlty reglstratlon number 107538B (England and Wale51 MERTON VOLUNTARY ASSOCIATION FOR THE BLIND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s R Bowman S R D Coates W A Busbridge HACowd F M Hibbert S J Moore V A Morrison FPPugh Senlor Management Team Kevin Gregory Nina Milchell-mckoy Chief Executive offic8r Office Tnanaqer Country of incorporation United Kingdom (England and Wales) 03758661 Charlly reglstrallon England and Wal9$ 1075388 R•gl$tgrgd offl¢o The Guardian Centre 67 Clarandon Road Colliers Wood London SW19 2DX Independent examiner J A Ri¢kler. FCA Alwyns LLP Crown Hous8 151 High Roa LeLJghion Essex IG10 4LG B¥nk•rs National W#slminst•r Bank PIC 16 Wimbledon Hill Road Wirnbledon London SW19 7ZD CAF Bank 25 Kin9$ Hill Avenue Kln9s Hlll Wast Mailing Kent ME194JQ
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND CONTENTS Pagg Trustees report stat8rn9nt of Trust8$s 18sponslblllllgs 1ndÈpendÈnl examiner's report 12 Siat8menl of linancial aclivili85 13-14 8a18nce sheet Note5 to Ihe financial 51alemenls 18.29
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 31 MARCH 2025 Th8 Truste8s Iwho ar8 also dir8Ctors of th8 charitab18 cornpany for Ihe purp058s of th8 Cotnpanie5 Act 20061 ar8 pleased to present their annu81 Trustees Report and the financial ststements for Ihe period ended 31 Merch 2025. The linanei81 stslemtrnis hav8 been prepared in accordance with th8 aecountirYJ policies sel out in note 1 to the financial slatem&nts and comply with the Charitable Company's wverning dDcum&nt, the Companies Act 2006, FRS 102 The Fin8n¢ial Repoth'ng Slendard applicable in the UK and Republi¢ ol Ireland" and the Chgribes SORP 'Aw)unting and Reporting by Chaitb'es.. Stslemenl of Recommended Practice applicable lo chari118s prep8ring their accounts in accordance viilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 PRINCIPALACTMTY Th8 charitable cornpany'$ principal aGlivity during Ihg ygar was lo providg sgrvicgs, information and support lo residgnls of Merton who have a visual Impairt. The aim is t0 5UPPOrt and ernpower people with a visual impairment, Irorn their iaonosis ol permanent sight loss through the entire reh8bililalive process. in th,halever form is appropriate for them. This includes Ghildren, adurts. people wwith du81 Sensory loss and pBople with additial difficulties. Publi¢ benefit Tli¥ Tiusl¥¥s IielV¥ pai¢J du¥ i¥gdrJ lu yuidaiiL¥ i¥su¥d by 11)¥ Cl)arily Curiir)iibsii)ii ii) d¥cidiiiy wl)dl aL.¥111#S Ili¥ CliaiiléLIl Company should undèrtaké. STRUCTURE, GOVERNANCE AND MANAGEMENT Merton Voluntary Agsoolallon lor Ihe Bllnd Is 3 con)p8ny15mlled by gu8r8nlg9 governed by118 ArtSd8 of Assoclallon dale(J 23 April 1999, gmended 13 October 2000 and a further arnendrnent 9 Novernber 2017. The ChBrity wag originally founded in 1965 and was registered as an unincorporated Gharity with the Charity Commission 9 March 1966. Following the AGM 9 Nbvember 2017, a Special resolukn'on was passed and the A'cle5 of Association of the Charity wer8 changed in their entirely and replaced by new Articles. All the Trustees shall automatically become rnembers of the Charity and their name5 shall be entered into the Charity'5 register of members. The number of members ol the Charity is unlirnited. They remoin members until they cegse to be membgrs in aordanCe with the Artides. Membership shall be open to any individual pged 18 or over whom Ihe 8oard de¢ides to amil lo membership. The Trustee5 may delermine crileria lor tnernbetship but ale not obliged lo admit any person satisfying such a criteria as ernber8 and may decline in their absolute discretion any person's applicalion and need not give reasons for such decision. Only mgtnbeis are eligible lo vole ai the AGMIEGM. genpial Qr special tneelings ¢onvengd for the purposes of di$¢u8sing thg business ol the charitable company.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Th8 Truste8s giv8 Iheirtime voluntarily and r8ceive no b&n8fi15 Irorn Ihe Charily. Any exp8ns8s reclaim8d from the Charity are Set out in Note 11 lo the aocounts. Ruth Bowman will r85ign 81 the n8xI AGM. also 4 new Truste8s Rachel Burrell, Sue Fairbairn, Trevor Hall and Nikki Hugh85 were CQwopled on 11 Septernber 2025 eleclir>n lo be rakn'fied at the next AGM. The Trustees, who are 3150 the directors for the purpose of company13w. and who s8rv8d durlng the period and up to the eof si nature of the financial 5talemen15 wore.. wrna S R D Coates W A Busbridge HACDwd F M Hlbb8rt S J Moore V A Morrison FPPugh R¢¢rultmont ond appolnlm9nl of tru$t¢¢$ A5 sel out in thg ArtiG195 ol Associ3lion, Truslees are elected annually by thp rnernbers of tre tharitable company attending the Annual General Meeting and Serve lor a period ol three years and then one third of the Trustees are required to retire by rolatlon but may b& rp-g1¢¢1gd, None of the Trustees h85 any ben?fici81 interest in the company, Al o11hè Trustees are rÉmbers of Ihe company and 9uaranl$e l¥ ¢onlribule £1 in tho evonl ol a winding up. Trustees can be recruited by open advert Dr may be proposed and seconded by rnernbers and pul forward lor eleclion al the AGM in accordance wilh th8 térms and lim81in8s d•lormined by th8 Board and subj8Ct to lh& Board's approval ol such nomlnatlon. Th• Make•UP of th• Board The Board consisis ol not few9r than six and no more than fifteen persons appointed by the Trustees 818ny lime 81 a meeting or in writing. The Boaid sh311 aim lo have. as lar as reasonable, equal repre58nlalion on the Board of visually impaired, hearing impaired and sighted pecple with all Trustees having equal voting rights. Where this cannot be achieved the Board w5118till be vglid Irre9PeOtive of th6 n)ako-up of thts Board, Flllng va¢an¢l•8 In tho Board and ¢OllOPtl¢n The Board can appoinl anyone a5 a Trustee 10 fill a vacancy in the membership of the Board. They will hold office until Ihe next annual general meeling where they may be elected by tre members lunless they cease to be a Trustee prior to that by virtu& ol Arlilo 38 or 391. For th• purposos of thig Arb¢le tho Board shall docidg how manrf va¢8nci•s thor• gro, subjact to lh• maximum and minimurn nurnbers given in Article 33.1. Trustee recrultrnent and Inductlon New Trustees are given induction on their roles, their legel obligations under charity 8nd company law, the Charity Commission guidance on public benefit. and inform thom of the contenl ol Articles ol Assoaalion. tho cornmilteo and decision-making proce55e5, the business plan and recent financial performance of the Charity. During the induction day they meot key employees and othBr Trustees. Tru5ttas are tsncojraged to attBnd appropri4t• external trdining even15 where these will facilitate the undertaking 01 their role.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Governance and Organl3atlonal structure The Trustees of Morton Voluntary A9s0¢i8lion for th& Blind ar& responsible for the a$sals and strategic direction of Ih Charity. Th8 Chief ExecutlV8 Offic8r, who is appoinl8d by th8 Trustees. is r8sponsible for carryin9 Out th8 day-to-day management of Ihe Charity. To la¢ili18te effective OpallonS, the Chief Exe¢uiive Officer has deleyaled authority. within terms of delegation approved by the Trusiees. for operational tNattgts including finance, employrnenl and Charity 18laled activities. The Trustees normally meet quarierfy during the year to receive reports on all aspects ol the Charity's activities and finance. The Chief Executive Officer attends all rneelings. Sonlor Managem&nt Tfjam Kevin Gregory Chief Executiv9 Officer Nina Milchell-M¢koy Offir Manager Pay pollcy for $•nlor stsff Th8 Trustees consider the Board Df Trustees and the senior managem8nl team comprise th8 key management personnel of the Charity in charge ol directing and controlling, running and op8raling the Charity on a day-to-day basis. All Trustees give ol their lime freely and no Iruslee received remuneraiion In the year. Details ol Trustees, expenses and related party trany8clions are diselosèd in Notè 1110 tho accounts. The p8y of the senlor s13ff is reviewed 8nnu811y 8n¢J nomi8lly in¢re8secl In 8¢¢0rdan¢e thilh 8ver806 88rnings. The Trustees benchmark against pay levels in other local charities ol a similar size, which are run on a voluntary ba31S. Related partie8 and Cowoperation with other owganisation8 None ol our Trustees receive rernuneration or other benefit from their work wilh the Charity. Any connection between a Truslg9 or senior managgm8nl of the Charity with sfrrvi¢e user, exl&rnal contrgclor or supplier of services must be disclosed lo the 8oard ol Trus188s in the same way as any other conlraclual relationship with a related party. In the Lrrent year no such related party transactions wue reported. All related party Irans8clions are rnanaged in accorda8 Wlth the Charily's conflicts of interest policy, All transactions and gclivilies iiivolvin9 or9anisalions in wliich a Trijstee niay liave an interest ai¢ conduGled pl arrn's leiiyth 8nd in aGGordaDce Yiilh the Charity's financi81 and prccuremanl pro¢edur$8. Total reimbursed gxpenses madg lo Trustees arg shown in Note 11. In the current year no such related party transactions were reported. Morton Talking New8paper Bhare our prgmisgs, and ThmberB or Trust888 of Ihis charily ar8 trustees of Morton Voluntary Assoriation lor the Blind. Trustees who gre mernbers ol this charily keep the separate interests al 'arm's length.. Us• of volunteers Mortonvision is graltrlul lo all its volunl¥¥rs. who carry out a varitrty of diff¥renl tasks both in and out of the Charity. Our divprsp. rmngp. DI vnliJnt••r% hav•. a vHrl8ly nf inlp.r%ts and rp.aon.% Inr IAntIng t¢) .Iiippnrt th• f.h8rity - frnm gminino experience at the start ol their careers to using their wealth of experience and knowledge to Meeting the needs of our comrnunitl•s. All our volunteers add valu• lo our work and mak¥ a real dilfer8nc8 to our cli8nts and communiti8s. Our volunteers are supported and overseen by our Volunteer servi Manager and are managed in accordance with Ihè Volunteers pollcy. Due to the size of the Charity, staff and volunteers work c105ely together and Several of Ihe existing staff originally began a5 volunteers. Volunteers are r8crulted on a rolllng basls. Our volunte&rs are made up ol dllferent groups. There are th058 who work with th& Charity offering support to the cllents and staff, sometimes running acti(¥s.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 08JECTIVE8 AND ACTIVITIES Obl•¢tlv•$ and alm$ Obl8cts Th8 obj8Cts for whlch th8 CharSty Is establlsh8d arg lo giant asststancè to all bllnd and partially 5Ight8d p8ople ordinarSly resident in Ihe London Borough of Merton and if the Trustees so determine5 elsewhere in England and Wales. The Charity operates usino the tradino nBrne of fvlertonvision. Alms Our aim is to support and empower people with a visual impairment, from their diagnosis of permanent sight loss through Ihe entire rehabililative process, in whatewer form is appropriate for them. This includes children, adults. people with dual sensory 10$8 and oeoplè with othgr difficulliè8 in 8ddilitsn to their visual loss, OLJr services are infom&d by n8tK>nal guidelines and wod pract1, In particular 'Seelng it my way, which works to 8nsur& th81 blind and partially 8iyhl8d pe4)18 can access Ihtr support, inftirmalion and sèrvic8s newJ8d for indeptsndent living. We provide a'palhway of services 8nd collaborale widely to ensure that 8$ far as possible those needs are met. Ensurlng our work dll¥$rs our alm$ We review our aims, obje¢tivgs ¥tKI aclivi11gS gach yegr. This review looks al what we achievgd and thg outcomes of our work in the previous 12 rnonlhs. The review looks at the Suc85 of each key activity and the benefits they have brought lo thcse groups of people we a sel up lo help, The review also helps us ensure our airns. objective5 and activities remained focused on our staled purposes. We have r9fgrrod lo Ihtr guidoncs conlaln9d In Ihg Chorlly CommlssSon's ogngral 9uidonctr on publ1¢ ben¢lll whn r¢vigwlrig our aims and objgctives and in planning our lulure aclivrtie5. In particular, ltr Tru8lee& con5idgr how planned aGlivi11gs will contribulg lo the airns and objective5 they have set. Following the Coronavirus pandemic our staff and volunteer8 continue lo help those rneTnbers and Elients who cannot leeve their home with a delivery Servi for shopping, prescriptions and in some cases household emergencies. Any lingering con¢grns, reguirgmgnls and 8nxieli¢s are bein9 actioned and addr9s$ed. The Guardian Cenlrg has reinlroducfrd our normal program of activitie5 and added rnore, Mernber5 are however still reluctant lo return, perhap5 because pre-pandemic routine5 were di5ruplod. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles PEOPLE HAVE ACCESS TO INFORMATION ABOUT LIVING WITH SIGHT LOSS We feel Ihal this is best achieved through personal contact. During Ihe past year we have had direct contact with 511 client5, wSth 2,985 tolaphono calls. Wg also mada 116 homa vlsits to daliv¥ shopping, prascrSptions, ossential equlpment and to hglp out with IT probl8rnS. Tharè warè 109 new clients during thè y$ar. The Guardian Centre is once aglin open Monday - Thursday g am lo 5 prn and on Friday 9 8rn 10 4 pm for personal and lal¥phon* callars, and al othgr timgs by appointmanl. In addition we provid•". Rehabllltatlon Mertonvision provides a Comprehensive rehabililalion service for people with 8 visual irnpairmeni In Merton. The service is contracted from London Borough ol Merton. Rehabilitation indudes 'problem solving. to help individuals find solutions lo Ihe difficLJlties they may face, and gives them the skills, eonfidenee and equipmenl to re-order their lives. This will include daily living skills su¢h as cooking, persc>nal ¢are, mobility training and a wealth of information about wh81 is availae lo help Iivts
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE Charitable aGtiviti*¥ Mertonvision receive Certilicale5 of Vi5u81 ItnP8irmenl ICVI'S) direcJy from hospital eye clinics, this enables rehabililalion ancl support servic88 lo be offered quickly. The Association of Directors of Social Services guidelines stale that the patient should be contacted within 2 weeks. The %erviee has been offered lo 131 adulls. Our average wai time lor first contact was 4.6 days. Habllltatlon Chlldron Mertonvisian has a proj8Ct for ang day per week with Landon Boro)ugh ol Merton SENDIS (Special Educational N88ds and Disabililips Integrated Service) In provide rnohility and indeppnden¢p trainin9 lor children in Ihe br)miigh who have a visual impairment. W& sub-n{ract a qu81ifitrd rghabililation and mtsbilily offi¢or lo fulfil this project. Mgrtonvision also providg early assessment and daily living skills training a8 appropriate lo the child's age and ability. Beneflts Advlce We have a volunteer who is able lo as51St with filling In basic fomis such as Blue Badge and Taxi Card applicatlons. N•wsl•tt•r and oth•r Informatlon m•dla Our main publication is a bi-monthly new51ell8r, which is dislribuled to 376 people wilh a visual impaiment and 46 volunteers. supporters and local organisations. Inlomialion includes local and national issues of interest lo people with a visual Impalmi&nt, Each p6rson's personal pr81or8nca Is accommodated. wllh standard or euslomlsed large prlnl, 8r81116, emall, and mernory slick IMP31 formal available. AddStlon811y wtt 88nd informallon Dn 8 dally or ad htsc ba$18 to those on our dlslrlbutlon Ilsl who hav6 3¢¢888 to tsmall wllh news and information as il arrives al Mertonvision. Th8 MgrttsnVi8ion wobsile is now yupported by a ntsw providar and is updated regu18rly. wo 8r8 8180 using social rnedia. We work closely wlth Mèrton Talking Newspaper IMTNI lo dlslributè MP3 players on p&rman8nt loan on their behalf. Thls ensures that people also have th& 8pproprial8 equipment 10 li$ien Its audio b¢)oks and newslallers. Mertonvision is an agent for Wireless lor Ihe Blind, whi¢h provides specially adapted audio equipment for those in need. EMOTIONAL SUPPORT AS APPROPRIATE IS OFFERED Couns8lllng $8rvl¢• While depression Is nol an intrvitable consequenco ol vlsion impairment, il is common. An eslimatod one-third of older adults with vislon loss roport cllrnically Èignithc3nl dopréÉsiv• symptoms. Whothèr a pèrson wth vlsion loÉÉ bèeornas doproÈsod app6ars lo be mor• r8lal8d to thè Impact th8 vlslon 105S has on th• person's funclonlng. rather than the severty of vision loss. Wè now working In partnership wilh Wimbledon Guild ol Soclal W#llar& and Morton IAPPT who wlll provid8 counselling for our Clients whon reqLJired. Th8 Guardian Centre is lully operational and off?rs the following activities. Peer Support Peer support is often ¢rury81 to those newly diagnosed with enduring sight loss. By offering social opportunities Mertonvision enables visually irnpaired pgopl8 (especially Ihosg with a recent diagn08isI to tneel with others who ai8 living iwlh sighl105S and learn from each other. Our weekly daytime or special events erwurage people to meet and socialise. Weekly soclal actlvllles This includes coffee moming. social events and local peer support.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 ACHIEVEMENT ANO PERFORMAMCE Charltable actlyltles Lunch clubs This gives people the opportunrty lo meel other people and enjoy e freshly prepared meal on Thursday. We know that m8ny people live alone and are unlikely to cook. We provided approximately 335 lunches. Social event8 Mertonvision arrange $OCAal evenings, for exarnple 8ums night. QuEzes and Bridge lournaments. During the sumrner months Vle arrange trips out on our minibus lo the se8side or places ol interest. We arg lortun819 th81 many of our volunltstrrs give up their free time lo accompany and guide thos8 who need it. Macular group The local Macular Group meet bi.monthly al Merlonvision. Everyone who has macular disease. friends or family are Wgl¢om$, Transport To enable people to get to our base at the Guardian Centre and lake up Dur SICeS we employ a part time driver to drive our lully a¢ctsssible rninibus, and lo man8ge a team ol volunteer drivèrs, We also hire additional mini>ustrs when required, lo •nsure that we can provide the service when needad. All our drlvers are required lo undèrtake Ihe Mlnlbus DrSy8r Aw8renoS8 S¢hem• IMIDASI Ir8lnSng and ¢8rtiflealion. Young peopl• wlih a vlsual Impilmi•nl Most ol our Service users are eloerly. therefore our services ar8 geared towards the needs ol older people. However, The Powell Family Foundalion have providgd 2-y¢or lun¢Jin9 to providg regular g¢liviligs for childfgn and young people such as theatre visi15, magiG Show5, anitnal inleraclion5 and even lun exlreme events such as a slime workshop. This has 8llowe¢ us to employ a full-tyme co-ordinotor, who re¢eived on award from Visionary for her outstanding work on¢ on extension tsl the proj4¢1. PROVIDE PRACTICAL SOLUTIONS TO THE PROBLEMS THEY MAY FACE Home Support We realised that rnany people with poor vision have difficulty resolving a problem at horne that needs vision, so we set up service in responstr lo the need. We hav& helped wllh a wariely cf 'problems' lor example, r881orlng the Settlngs on a TV. elivery and selling up a talking microwave, fitting a replacernenl light bulb lor a task lamp and doing a safely check. We also eliver and set up108n CCTV'S training an their use. Dally Llvlng Alds and Equlpmgnt Room The rgsour¢e ¢¥nlrg (rfftrrs the opportunity to try somg ol tho pr8Cti¢al or spocialisl equipment which people wilh 8 visual irnpairment may find useful. Equipment 18 available to buy. Some items are available on 5hort-lerrn loan so that people c8n ty more expensive items in their own home first. Our agreement with the RNIB gives us ordering priority for our clients. Low Vlslon Alds We offar a Low Vision Aids s8rvice to people in Iho communlly who havtr boan roforrtrd by local optometrist praclices. Th* im of the service is to enable peDple with low visi(>n access to Icw vision aids (optical magnifier51 much earlier than Ihtr ¢onvenlion31 roule by referral lo GP and subsequent hospital appointment. In addition lo e8rly referr81, this project allow5 for a more 'person centred. approach, so that the palienl &merges wlli greater skills in using their magniliers. The service is runded by the Merton Clinical Cornrni55ioning Group, and is availab e at Mertonvision by appointmenl.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 ACHIEVEMENT ANO PERFORMAMCE Charltable actlyltles Soclal and Adult Leamlng Actlvitles IT tralnlng We have an a¢cesslble IT Suite equlppgd with 6 Pc's %vilh large monllrjrs and accgssible software. We glve Iialnlng on Iho U59 of the integral magnification and other specialist sofiware, as well as using the comwt8r. We have a pari time, in-hous IT Support Trainer. MertDnVision provides Iraining for Uiing 'tablets' liPad and ePadl, as these seem particularly accessible for peopl& wilhoul pr8vious computer skills. Ivo also have a qualiligd 'Guide' Iiaintrr lo help people to 8el up and us& 'Guide' accessible 50rtware al hom8. Artg and Craft We employ an Arts and Craft lulorfor one session per week to accommodate people with 8 visu81 impairment. Bro111g tralnlng W8 offer regular 8raille reading tuition classes. Fa118 prevention We offer a weeY Falls Prevention Chair Based ExercBe Class. which helps lo deliver the Falls Strategy lor Older People locally. Falls are usually caused by one or more of four triggers trips and hazards, pclypharmac'l lrnore than four rnedicationsl poor n)us¢lg long or poor vision. We hava boon worklng ¢los¥ly wllh Morton Falls Prevgnllon Load INHSI lo add a simple 5ighl-screening tool when assessng those who are relerred lo their service. Those who failed were given our information about eye tests. cheaper options lor spec1acles and number to Gall il they need a domiciliary visit. We are hoping Ihe s¢r$$ning tool will b¥ roll&d out to mor$ comrnunily ass$ss(Irg. Martial Arts and S•lf-Delon¢• Clas8eS A grant frorn Merton Borough of Sport (sponsorèd by CLgrfon Fulurèsl hès allowed us to employ a fully qu8111ied Instructor to run these weekly session5 for Vl children and adults. The enjoyment, enlhusi8sm and respect for the instructor of the younger membars is a loy to watch. PROVIDE PRACTICAL SOLUTIONS TO THE PROBLEMS THEY MAY FACE Volunteer SeNi¢e8 The main focus of oui volunteer services 18 lo provide a Home Visiling Seivice lo people with a visual impairrnent. This sorvlc9 providgs a troit*d volunlgor to Pgople who negd ad¢Jlfjonal hglp not provldod al lh9 Gu8rdl8n C9nlr&, Our full time Volunteer Service Manager recruits, trains and supports volunteers lor a variely of roles within Meilonvision. All volunlegrs undertake gnhan¢ed DBS chgcks. Th¢ voluntgsrs h8v& given 1112 hours of Ihgir time lo supwrt our clients. We are pleased that we can accommodate wolunleers from diverse cultures and Ihose with disabilities. We are very grateful to our volunloors. wthout whom many of our 50rvi¢es would not run. COMMUNITY PROJECTS The Chief ExecLJtive Officer gives talks lo community gmups un the work of Mertonvislon. We also providts Visual Impairment Aw8reness Training. During the year we have worked u collaborated wth the following org3ni5ations to improwe semces locally for people wth a visual irnpairment.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 C1058 collaboralion means that w8 can refer clients Iwilh their pertn15sionl to other 58rvicés or organiiation5 where th8ir n88d can be rnet. M8rton CliniGal Comtnissioning Group LBM Library service RSBC LBM Social sarvicès Sight For Surr•y LBM Education Dept. Guide Do9s for the Blind Merton Public Health Team ViSlDn Foundalion LBM Ageing W811 Piogramrne Phas8 2 Witnbl8don Foundation Wirnbledon Guild of Social Weware Comrnon5ide Trust Age UK Merton Merton Chamber of Cornmerce Muitoii Communrty Transport Wiivibledon Dons Safèr Nelghbourhood tèam lfjngston Associailon lor thè 811nd Thornas Pocklin9lon Trust Sutton Vision The Powell Farnily Foundation Croydon Vlsion MVSC Transerlptlon Sètvle•s Provld8rs ol wrillen Informatlon are requir8d lo off&r a¢¢essiblÈ formals 8uch 8s18rge prlni, Bralll8 and audlo. We 8re pleased that we are ablè to offer a transcription service free to oui members and on a Commercial basis to our customgrs. M8rtonVision is the pr&lgrred provider of braill& Iranscriplion lo tha London Borough of Merlon, Mertonvision is 8 11)¥iiiber of COTIS ICoiif*Jder8tr'on of Transcribed Inforiiialion 8¥1'vi¢e81. FINANCIAL REVIEW The future of our 'restricted freehold, site is still uncertain. the London Borough ol Merton are procraslinaling over the rele8se of th¢ wv¢nonl ond th¢ gffi¢cr d¢Aling with ncgolig11gn? has l¢ft Ihc wuncil. W¢ h¢v¢ onolhcr d¢v¢lop¢r k¢¢n Io LJnd¢rtakc project bul will not cornrnil unless the Covenant is removed. Most ol the worhs to Ihe centre have been cotnpleled wilh Ihe exception ol the heating System. The roof has been palched-up, complele rewiring, ga5 and fire remedial work and radecorotlon ol th9 ¢lassrooms on Ihg ground floor. The lotsl cost 19 our bott Iln9 bglng £81,5001gss p$rmlsslon from Ihg Nalional Lotlery lo use £20,000 ol the granl moni95 lo fund Ihg gleclriral work. The Tru51ees will Gonlinue lo rgrriain Ip.adfRqtly r,nrnmiltpd tn Pnljn A s11glHinahlp. nroaniFAtinn fnr Ihp hpnpfil nf I1 sprvir.? iJ8prs Thp f.hArity 8 Tni8tpp.q consldgr Ihg ov9ro11 flnanclol pgrformon¢9 of Ihg Chailly for Ihe y98r lo bg extremgly dls8ppoSnlln9 due lo a numbgr ol factors. Repair costs as above and the 105s ol gran15 from Wirnbledon Foundation £25.000 and NHS SW London ICB £32,000 plus no legacies, £36,500 received last year. As in the previous Yea Ihe Charity'8 incorne is project led bul also rernains heavily reliant on the public sedor lund5 with Ihe Local Authority. Thanks to a 2-year grant from the Powell Farnily worth £32,582 this year. Mertonvision was able to impl8ment ils long-awail8d Childr9n'g ¥nd Young P¢rson's Projgcl. Finally a grant of £4,930 from Iderton Borough of Sp)rt (sponsored by Clarion Futures) was also received to set-up Martial Arts and sell-defer)ce cla55es. There have been some changes during the year wthin the other cat&Jories of income, The Gharity's Trustees wish lo express our sincere gratitude to all our grant funders, listed in note 3 on page 20 of these accounts, for their support during he year. The Charity's incoming resour5 have decreased by 23.74Vk to £442,41112024.' £580,1561 due to the reasons listed aboiie. The Charrty's expendire has increased to £555,03512024.. £528.0081 due lo exceptional costs associated with premises r9pairs. The net effect of the above Is a decrease In total reserves of £112,62412024.' Incrgase £52.148). Tha Charity's Trust8as will continually attompt to k&ap th8 cost structur& of th& organisallon stablg and tSgh11y controllad.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Futuro plans Our Civic Prid8 Grant worth £81.467 por annum. has be8n extended lor a further yèar by the London Borough of Merton and illl now ene 31 March 2027. The original National Lottery Grant was cornpleled at the end of June 2025, final reports were submitted and agreed wrth zero underspend. Due lo ils outsiandirvJ success, our Chief Executive Officer ICEOI has been able to secure a new 3 year grant itsrth almost £SOO,000 over that term, whi¢h beoan on 20 Aug(ts12025. The first hall-ye8rly inslalmeni of £83,754 was r8ceived shortly after. The Corllfflunily Control Piojecl addresses the isolation and exclusion experienced by peopl8 in Memon iho are partially sighted. blind have hearing impairments. with particular aitention lo vulnerable populations inclLJding LGBT+ individuals, Ih¢)se experienong homelessness and survivors of domestic abuse. These Indikiduals lace ¢ompounded barriers and are often underrepresen18d in heathcare and social activities due lo limiled public awareness. prejudice end systematic lailures. Due to outstanding work and commitment by our CYP outreach worf(8r, The Thomas Powell Farnily Foundation hav8 extended their funding, worth £102,651 in total lor a further 3 years. Arter the Ioss of the £32.000 NHS ICB Grant in last years accounts, our CEO and other affected local chari118s lobbi8d Merton Connected lo seek a solution. They have persuaded Merton Giving to cover Ihe lund lor 2D25126. Although the Wirnbledon Foundation Outreach Project has come to an end, they have further supported us by providing a one-off Capital Building Award of £50,000 in May 2025 10 offset the major improvement works ¢arried out lo the Guardian C&nir8 last y8ai. Furtn&r improv8m8nl works, ¢urranlly lolalling £51,690 have been mad8 on 2 naw fire 8af8ly door8. renovations to the washrooms and painting the lobby. kitchen, rrain hall, staircase and upper floor Dffices. New desklop coii)pulers aii(J ollier IT k*quipiii¥nl, wliityli support Wii)dows 11, 118ve b¥en pur¢l)as¥d ¥nd ins1811e(J for 811 staff 01 a Cost of £12.211 in August 2025. The adult rehabilitolion contract with the London Borough ol Merton ILBMI has been renewed, the fees have been in¢re8sed and b8ckd81gd lo 1 April 2025. The conli8cI is lor on8 year frorn 1 August 2025 and allows for a part-tim8 assistant. Congratulations to our Vision Rehabilitation Sp8cialiEt who ha8 fK)W SUCC8ssfully completed h8r university qualification in children's Habililalion work and has been pron)oled ID Senior Rehab Officer. A new Haly"Iilalion conlra¢t is t)eing negolialed with LBM. Thom88 Pockllnglon Trust has granlgd MèrlonVSslon a subgldlsed Cornmunlcallons Offlcer InlgrnshSp, the succ8sslul candidate will tnainlain the new website and all the charily's social rnedia communications. Merton Talklng Newspaper Asso¢lallon havg not been 8dmlnisl8red proparly sin¢8 2022 and In an effort lo resurrect Iha charity lor the lulure b8nelil ol our existing and n8w subscribers an EGM was held on 31 July 2025. Certain Trustees and officers were retired. a small amendrnenl made to the Constitution Bnd 4 new Trustees appointed. Two ol which are Mertonvision Tiusl$$s, Wayne Busbridge 8nd Steven Moore who will Iry and mend lies with banker8 and the Chaiily Commission as soDn as possible. There 18 a problern with the Council Tax on Emily Vi118 IEVI 65, Clarendon Road. The main building, numbtsi 67 h8s alw8yS been exernpi Irom Rates and latlerly Council Tax. However, EV is split into 2 haes. Upstairs is dassed as residential from vihen we had a live-in caretaker many years ago and is kjdicrously double raled this year as a 'se¢ond home,. We objected to this. failed lo pay Ihe Inytalmtsnis and aftèr being Ihreal&n&d with 8 b8iliff s ordar w&re forced lo pay the full assessmenl pendin9 appeal. Downstairs is classed as commercial and rented out between December 2017 and March 2021 to Memon Library18s a favour to LBMI and 2 separale NHS departments ea¢h paying their own raxes. sin the last tenant left tho Yihole house has begn uninhabileé and is considered derplict, there is no r88idenlial use and should be exempl Irotn property taxes as IS the rest of the site. A woblem has arisen because the last NHS tenant has only just reali5ed they were Still paying LBM, 4 year5 ofter they hau vacated. They have been refunded and Merton C?unGil have asses%d Mertonvision £15,497 10 r8cover their losses- a total sharnble8. Merton CouncillDr Laxmi Altawar18 long suffering rrember of our working commillee for the abot1ive building projectl has kindly offered to rnediate on our behalf.
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Future plans- contlnued Fin811y. on 21 Augu812025 al the Guardian Cantrts, M&rtonVision ¢8lebral&d its 60th Birthday. This w811 attanded low key ev8nt began with 3 very int8r8Sting short talk8, the first by a r8pres8ntative of Th8 All England Club outlined the history of lh8 Wimbledon Tennis Championships from ils beginning in Nursery Road right up lo Iheir planned eNlension Into Wimbledon Park. Two local historians gave separate talks on the origins of Colliers Wood and ol lived experiences in the area. A barbeque lunch was then served, accompanied by Colliers Wood Choir and Orchestra and followed by cake. Our Chaimian, Harry Cowd gave Ihe closing speech emphasising Ihal no dignitaries had been invited be¢8use the party had been designed lo celebrate Ihe Charity and its Metnbers. FINANCIAL REVIEW Inv•stm•nt pollcy and obl•ctlv•s The Trustees, having regard to the liquidity requirements of operating the Charity, have kept available funds in an inlerest-bearing deposit account and setk 10 achieve a ratè on dep0811 which matchès or excèeds Inflation as mtasured by the r&lail prices index. The Trusl6es hav8 designated th8 Emily Wells legacy1£51,5261 a$ an incom8-geneiating fund. The Trusl&8s hav8 explored suitable short-term investments lo generate income on the remainder of their free reserves. These investments have been placed with different banking institutions lo miligale any possible losses the inslilutions rnlghl sufler. R•s•rv•$ polS¢y and g¢lng concorn Al a commillee meeting held on 11 Mar¢h 2021 to address the continuing gconotnic un¢ertainlig5 $head 8n¢J inability 10 attract new core funding the Trustees agreed to change their previously established policy, whereby the unrestricted funds not committed or Invesled In fixed assets Ilhe free rgsern'esl held by th8 Gharily should be up lo six ralher Ihan Iwelv8 months ol the resources expended, which now equales lo approxirnalely £276,680. Al this level Ih8 Board of Trusiees feel that they viould sts'll be able to continue the current activities ol Ihe Charity in the event of a signfficanl drop in lundin9. Rlgk rnanag•m•nt Th8 Trust¥•s hav• r•vlowed th8 malor rlsk5 (o whlch tha Chailly Is axpostrd. In partlcular to cpeiailons and Ilnanc8S. Op8ralional ri5k5 ar8 rnin115ed by the impl8mentation of procedures and polici85, with a r8gular r8vi8w ol th85e lo ensure tUent good practice. A dis85ter p18n lo ensure business continuity in the even¢ ol unplarned events ha5 been prepared, The Trusl8es hav8 identified the inher8nl risks associated wth having on8 prtmary funding sour. Our r8ser¥8s policy rniligal88 somt ol th# risks of loss ol fundlng. Th8 Trusl•#s havè Impl8mnl#d and augm¥ntd an ongolng lundralslng programm8. The Trustees report was approved by the Board of Trustees. A Cowd Trustee 20 Nov8mb8r 2025 10-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE PERIOD ENDED 31 MARCH 2025 Th8 Truste8s, who are a150 the dir8Ctor5 01 M8rton Voluntary A550aation for th8 Blind for Ihe purpDS8 ol cotnpany law, are responsible for preparing the Trustees Report and the financial statement5 in accordan with applirable18w 8nd United Kingdom Ac¢ounlin9 Standards (Unitod Kin9dom Gonerally Ac¢*pled Accounting Pra¢li¢el. Company law requires the Trustses to prepare linancial slatements for each financial period which giv8 a true and fair view ol the slate of affairs ol the Charitable Company and of the incoming resources and applicalk)n of resources, induding the income and expenditure, of Ihe charitable company for that period. In pi8paring these financial statetn8nts. the Tiustges ar8 r8quir8d lo.. select suitable accounting policies and then apply them con51Stently,' observe the rnelhods and principles in the Charities SORP.. make judg8rn11Iils and asliiTialds that are r&asoiiablv and prudent.. state whether applleable UK Accounting Standards havè b88n followéd. subl•ct to any rnat8rial d•partur•s dlsclosed and ¢xplained in the financial stalomonts., and prepare th8 financial 51at8tn8n15 on the going concern basi$ unlèss 11 is inappropdata lo presum8 Ihal Ihe Charftablg Company will Continue in operation. The Tru$leÉs are rèsponsible for keeping adequate 8e¢aunting re¢ard$ that di8¢1ose wllh rèason8ble a¢cura¢y a18ny lim¢ thè finaneial posits'on of Ihe Charitsbla Company and ènabl8 tham to èn$urè that the financial slat&m8nls eomply with tha Companl8s Act 2006. Thèy ar• also r8sponsibl8 lor SaIuardIng thè ass8ts ol thè Charitabl8 Company and hènc8 lor taklng reasonable sttrps lor the prevention 8nd dete¢llon ol fraud 8nd other irregul8rilles. 11
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERTON VOLUNTARY ASSOCIATION FOR THE BLIND I report lo the Trustees on tny examination ol th8 financial statetn8nls of M8rton Voluntary Association for the Blind Ith8 Charitable Cornp8nyl for the period ended 31 Marth 2025. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe Trustees ol the Chariiable Company land also its directors lor the purposes ol company lawl, you arè responsib18 for the pr8paralion ol th8 financial stalem8nls In 3ccordanc8 witr the requir8m8nts ol the Companies Acl 2006. Having satisfied myselllhal Ihe financial slalemenls of the Charitable Company are not required lo be audited under Part 1S of the Companies Act 2006 and are eligible for independent examination. I reptsrt in respect ol my exarninakn'on ol the Charitable Cornpany's financial statements carried aut under section 145 01 the Charities Aal 2011. In carying out my examinatlon I havtr followgd th9 Dlrgctions glvtrn by Ihfr Chorlly Commlssion under s&¢tion 1451511bl ol Ihg Charllles Act 2011. Ind•p•nd•nt •xamln•r's stat•m•nt Slnce th8 CharStsble Company's gr055 Incorn? •xco6ded £250.000. th8 Independ8nt exarnSn8r must b• a memb8r ol a body listed in section 145 of the Charities Act 2011. 1 conlimi that l am qualifi8d to undertak8 th8 8xamlnats.on bacau l am a member ol ICAEW, which is onè ol the listed bodies. I have completed my examinalion. I confirm Ih8t no matters have Come lo my Otten'On in connection with the ex9minalion giving m6 caus8 to beli6ve that in any malarial r8specl'. 8¢counling records were not kept in respe¢l of the Charitabl& Company 8$ required by Section 386 of the CDmpanies Aci 2006, the finan¢lal statements do not accord with those records., or the financial statements do not comply with the acwunting requirements of section 396 of the Companies Act 2008 other than any requirement Ihgt th¢ finan¢io1 statements give a true and fair view. which is not a motler ¢gnsid¢red gs part of 8n independgnl exarnination., or the financial slalements have not been prepared in accordance with the methods and principles ol the Statement of Rgcommondgd Pr8Cti¢e for a¢¢ounting and r¢poriing by ¢harilio$ applicablg lo ¢hariligs pr&paring their fin8n¢i81 statements in accordance with Ilie Financial Repoming Stsndard 8pplicabl8 in the UK and RepuS1ic ol Ireland IFRS 1021. I have no concerns and have come across no other matkrs in conneclion wrth the examination to which attention should be drawn in thi$ 18port in order to en8bl& 8 propgr und&rstanding of the financial si8lemenls lo b8 re8ched. fvls J A Riekier, FCA Alwyns LLP Crown House 151 High Road Loughton Essex IG104LG 15 Dtscembtrr 2025 12-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2025 Currènt linan¢ial poriod Unr•slricled funds 2025 R•stri¢tod lunds 2025 Total Total 2025 2024 Nolgs Incom• from= Donations and legacies Chari18blè 8clivth$s Oiher trading aclivits'•s Inveslrnents 95,753 140,910 471 7.225 198,052 293,805 140,910 471 7,225 439.756 132.486 511 7.403 Total income 244,359 198,052 442.411 580,156 Expondltura on: Raising lund5 Ch8rit8ble 8Qtivili88 228 310,693 228 554.807 244,114 527,668 Total •xpondllur• 310,921 244.114 555,035 528.Q)8 N•t Incom(0xpendltur0> and n¥&•nt In funds 166.5621 146,0621 1112,6241 52,148 R•conclllallon of funds.. Fund bal8n¢as al 1 April 2024 530,533 101,775 638,308 586,160 Fund balan¢•$ at 31 Mar¢h 2025 463,971 61,713 525,884 638.308 The slalernenl ol financial activities includes all gain5 and losses recognised in the periixl. All income and expenditure derive from continuing aclivilies. I h8 nolas on pag8s 1b to 2Y form part ol Ihase financial statamants. 13-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND STATEMENT OF FINANCIAL ACTtVlTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2025 Prior finan¢ial ytsar Unrestri¢tod lunds 2024 R•$tri¢tsd funds 2024 Total 2024 Notgs Incom• from= Donations and legacies Chari18blè 8clivth$s Oiher trading aclivits'•s Inveslrnents 185,941 132,486 511 7.403 253,815 439.756 132.486 511 7.403 Total income 326,341 253.815 580,156 Expondltura on: Raising lund5 Ch8rit8ble 8Qtivili88 340 294,304 233.384 527,668 Total •xpondllur• 294.644 233,364 528.Q)8 N•t In¢om• and mo¥•m•nt In fund• 31,697 20.451 52,148 R•conclllallon of funds.. Fund bal8n¢as al 1 April 2023 498,836 87,324 586,160 Fund balan¢•$ at 31 Mar¢h 2024 530,533 107,775 638.308 14-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Tangib18 asse18 Investrnents 14 15 59,759 25,000 57,697 25.(XX) 84,759 82,697 Currgrit assgts Stock Debtors Cash at bank and in hand 16 17 633 34,918 422.307 633 32,680 540,210 457,858 513,523 Crgdllors= )mounts lallln9 du• wlthln on• year 18 116,9331 117,9121 N•t currant ass•ts 440.925 555.611 Total a88•ts1088 ¢iirront liabilitlO8 525,684 638.308 The lund5 of tho Charltabl• Cornpany Reslrict8d income funds Unrestricted funds 20 21 61,713 463,971 107,775 530.533 525,684 638,308 Thè nol8s on g•S 16 to 29 fom part ol those finan¢il stal8m8nts. The cornpany is enlilled lo the exemption from Ihe audit requirement ntained in sedion 477 of the Componies Act 2006, lor the ppriod gndgd 31 March 2025, The directors acknowledge their r6sponsibilili?s lor complying with the r8quiremenl$ ol thé Companles Aet 2006 wlth respect to aceounts'ng reetrrds and th6 preparallon ol linanaal siat8m8nls. The member5 have not required the cornpany lo obtain an audit of its financial statements lor the penod in question in accordance wilh section 476. Th¥s• financlal slatsm•nts havtr L¥n pr•par8d in accordance wlih thtr provlsions applicabl8 to CL)mpani*s subitrcl to tha smèll cornpaniès regimÈ. The financial slatements were approved by the Trustees on 20 Novernber 2025 HACowd Trusteg S J Moore Trust09 15-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Merton Voluntary AssociatSon for thè Blind Is a prS¥'ato cornpany lirnlled ty guarantee Incorporated in England and Wales. Th• r8glstered offic8 is Thè Guardian Cenlra, 67 Clarendon Road, Colll8r5 Wood. London SW19 20X. 1.1 Bas1$ ol pr•parallon The financial slalements have been prepared in accordance ivith the Charitable Conpanys governing document, the Companies Acl 2006, FRS 102 The Fnanrial Reporting Standard applicable in the UK and Republic ol Ireland. and the charl.eS SORP 'Accounts'ng and Reporting by Charities.. Statement of RecomrTh9nded Practice applicable to charlties preparing their acctsunls In aeeordance with the Financial Reporting Standard applicablè In the UK and Republie of Ireland IFRS 1021. The CharSlabl6 Cornpany 1$ a Publlc Ben8fil Enlify 8$ defined by FRS 102. Thè Charilable Company has taken advantage ol provlsions in the SORP lor charllies not lo pr6p8ro a stsl&menl of cash flows. Tli# liiiaiicial bldltsiii*iiis Éll¥ pr¥par¥d ii) sl¥ilii)yb wtriicl) is Ili¥ IuT)LIiuiiEII iurr¥i)iy ul Ili¥ Cliaiiidbl¥ Cuii)Vdlly. Muri¥idry amokjnts In th8s8 Ilnanclal statements ara roundad to th8 nèarèst £. Th? lin8n¢io1 Stolements ho'le been prepared under the hisloncal cost ¢onvents'on. The prin¢ipo1 ac¢ounling policies adoplgd are sel oul below, 1.2 Golng ¢on¢gm Al the lirne of approving the financial s13lernenls, the Tru51ee5 have a reasonable eKpeclalion Ih8t the Charitable Company has adequate 188DUlC8S to continu8 in opérational 8xisl8nc• for th8 foros8eable lutur8. Thus th8 Truste85 contlnu8 to adopl tha golng concern basls ol accounllng in pr8parfng th8 flnanclal slat8manls. 1.3 Charitable fund Unreslricled funds can be us8d in accordancg wlth thè charftable obl8cllv•s at tne discretlon ol the Trust88s. Unreslri¢led lunds Include designated lunds whttro tho Trustees, 81 their discrebon, have ¢rtraled a lund for 8 spe¢lll¢ purpose. Restricted lund8 can only be used for particular reslricled purpose wilhin the objects of the Charity. Restrictions arise when specified by the donors Dr when funds are raised for particular restricted purposes. Where necessary, a quarterfy report 1$ sgnl lo the donor d8lailing gxpondliure. Tne purposes and use8 of the restricted fund8 are sel oul In the notes lo the financial slalernenls. Endowm¥trt funds ar¥ subl•ct to $Cl11C condllions by donors that th# capllal must b8 mainlain¥d by Iha Charitabl• Company. 1.4 Incorn• Incom8 is recognised when the Charllable Cornpany is legally 8ntilled lo it after any performance condillon5 have been met. Ihtr amounts can bo measured lIablY, and il is probable that incomo will btr receivtrd. 16-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Don8led 8ervice$ or fecilities ere re¢ognised when the Ch8nt8ble Comp8ny h88 control over the item, 8ny ctsndibons associated th the donated Itern have been tnpt, Ihe receipt ol economic benefit from the use of the Charitable Company of the item Is probable and that econornic benefit can be measured ieliably. Sotne tnanagement and activity of lh8 Ch&rStablo Cornpany is carried out by volunteers, In accordance with Charit185 SORP IFRS 1021, Ihe volunteer lirne is not recognised and reler lo the Trustees, report lor more information about their contribution. On relPt. donated prof8S5ional servlces and dCated facllilles are recognlsed on the basis ol the value of th8 gift lo th8 Charitatile Company K,hich is the amount the Charitable Company would hav8 been willing to pay lo obtain seNices or lacilits.es ol eqLJivalent ecoTh)ml¢ b&nefii on the open market., a corrèsponding 8mcAJnt is Ihen recognised exp8nditur& in th8 Period of r8ceipt. Lega¢ies are re¢ognised on re¢eipl or otherwise if Ihe Charitable Company hgs been mlilied o18n impending dI81rlbulion. lh6 amount Is known, an¢J recelpi St oxpecied. If the amount Is not known, the lagacy 18 Ir8aled as a contingent as58t. 1.5 Exp•ndltur• Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is proboble that 8 transfer of e¢onomi¢ benefits will be required in selllemenl. and the omounl of Ihe obligalion Gon be mga8ured reliably. AII gXP9ndltUfe 1$ acwun19d lor on an accrual b89is. All gxpgns9$ in¢ludlng $upport co$1$ and govgrnan¢e co$1$ ore allocated to the applicable expenditure headings having rggard lo the nature of the expenditure. Expgndllurg lor ralslng funds Includfrs only dlreclly r91algd ¢osl$ lor Irgdllional fundralslng Includlng $18ff Ilme whfjro applicable. All roles within the senior managemenl 18am that have fundr818ing re5pon5ibilily in ils broader sense of restricted income generation in the form of, for example, larger multi.yeai slatulory grants remain within cost5 lor ¢h$rilgblg acliviligs. This 1$ lo trnsure th81 th$ fundraiging income and costs shown in Ihe Sl¥l$m¢nl of Fin¥n¢ial aclivi1185 relate lo each olher and can be rea80nabty compared. Grants pgid lo individual$ Certain grants are applied for on behaw of clien15 and where these applications are successful., the amwnts received are expended in ac¢orden¢e with the terms and conditions of the 9ranl applicetion. Donated services and facilities Gifts a recorded as received however. 05 the vglue of most 9ift$ re¢eiwed cannot be meg$ured reliably these Ire not indudgd in Ihg Ount$, Voluntary help A certain amount of Iimg is expgnded on the Charilablg Cotnpany's aGtivilies. ¥whiGh is donated free of Gharge. which inclules pro bono coun5elling and Iherapisl tirne. It is not POS5ible lo quantifv the value of the time given and accordlngly It Is ngSthgr rgccrdgd as donat&d Incorng nor ag an expènsa In ihè accounts. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cosl and subsequenlly measured al cost or valualion, net ol depreciation and any impairmant lossas. Individual fixèd assèts costing £1,000 or mor8 8rè capitalised. 17-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Depre¢iation 1$ re¢ognised so 8$ to write off the eosl or v8lu8tion of assets less their residual v8lue8 over their useful liv85 on Ihe following bases". Fr$ehold land arKJ buildings Office lurnilure and littings Computer equipment Motor vehicle5 Plant and ma¢hinery Fully dgpre¢ialed 25'A on reducing balance 33Ukn strBight line 20 10 on redLJcing balance 200/0 straight line The gain or loss arising on the disposal of an asset is determined as Ihe difference between the sale proceeds and the carrying value ol the 8S8et, and is rèco9nised in tho statoniei)l of financial aclvilio8. 1.7 FIx9d asset InvoStm9nls Fixed as681 inveslrnenls are initially measured al transaction price excluding transaction costs, and are subsequently measured al lair value at eh reportin9 dale. Changes in fair value aro regniSed in net incomellexpendilurel lor the year. Transacllon ¢081s aro 8xpens&d as Incurred. 1.8 Impalrm•nt ol fft•d a$$•ts Al e8¢h reporting end dale, the Charitable Comparny reviews Ihe Carrying amounts ol ils 18ngiNe assets to determine whether there is any indicalDn that those assets hav8 sufferwj an impaiimenl loss. If any such indication exists, th reooverBble amount of the 83sel 15 estimated in order to determine the extent of the impairment1088 lif 8nyl. 1.9 Stock8 Stocks are slated 81 the lowèr ol cost and &stimat8d sélling price less Coyts 10 eomplèl8 and sell. Cost comprisés dlrecl materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stack5 to their present Ioc8tK)n and condition. Item5 held for dislribukn'on al no or nornin81 consideration are rneasured tho lowèr ol r8plae4mènl ¢0g18nd eosl Net re81isable value is the e5tim81ed selling price less all estlrn8ted costs ol cornpletion and costs to be incurred in marketing, selling and dislribulion. 1.10 Cash and cash equlvalenti Cash and cash equivalents Include rash in hand, dep0511s hdd at call wth banks, other short-lerm liquid investments with original maturities c)f three months or less, and bank overdrafts. Bank overdr¥fts are shown within bgrrowin9s in urr8nl liabilities. 1.11 Flnanclal Instrumentg The Charitable Company h¥$ eltrded lo apply Ihg provisions ol Section 11 '88sic Finan¢i81 Instruments, aid Section 12 'Olher Financial Inslruments15sues' ol FRS 102 to all of 115 financial instruments, Financial instrurnents are recognised in th8 Charitable Corvpany's balanGe sheet when Ihe Charitable Cornpany becomes party to the cOntrtUal prowsions of the instrument Finonrial a$sel$ liabililiog org offsgt, with the ngt ¥tnounl$ prg$gnled In Ihg finanGial $latgtngn15, when Iherg is a legallv enforcÉable right to set off the recognised 8mounl5 and there 15 an intention to settle on a net basis or to realise Ihg as891 and sgitle ihg Ilabiliy slmuiian90usIy. 18-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Basie financial •Jets Basic financial assets, which include debtors and cash and bank balenc£s, are inili£lly meaSUd at transaction price induding Iransadion wsts and are subsequently ¢arrigd at amortis8d ¢osl using th& 8ffe¢tivg inlertrst method unless the arrangement constitutes a linanGing Iransaclion. where the transaction is rnea5ured al the present value of the future reip1S discounted al a rnarkel rate of interest. Financk?l assets classified as receivable within one year are not amorti99d. Basic financial liabilities Basic finanei81 liabilities. inclLJding credilors and bank loans are initially recognised ot transa¢lion pri¢e unless the arrangement conslilut8s a financing transaction, where the debt inslrumenl is measured al th8 present value ol the future payments discounted at a market rale ol interest. Financial liabililies classified as payabl8 within on8 year ar8 not amortised. Debt Instruments ar8 subs8qu8ntly cari18d al arniYtiS8d cost, using th8 eff8ctiv• Int8r8sl ratè m8thod. Trade tt8dilors are obligations lo pay for goods or servic88 Ihal have been acquired in the ordinary course ol opèrations from suppllars. AmoLJnts paiablè are cL4sslflèd as curr8nt Ilablllll8s11 paym8nt Is dLJe wbthin oné yèar or188S. If not, Ihtsy are presented 8s non4urrenl liabilities. Trade creditots arts recognised inllially 8t trans3¢11on prf¢e 8nd subsequently measured at amortlS8d cosi using th8 effective in18r8sI rnelhod. DwKognlilon ¢lflnan¢l•l Ilabllltles Financial liabilitr'es are derecognised when the Charitable Company's contractual obligations expire or are discharged or ¢an¢ell8d. 1.12 Employ•• b•n•flts The cost of any unus8d holiday 8nlillemenl is reniSed in the period in which tho 8mploy88'S 8ervic68 are received. Teminalion benefits are recognised immediately as 8n expense when the Charil8ble Company is demonstrably commilled lo terrninale the ernployment of an employee or lo prowde termination b8nefil6. 1.13 Rllrèmont bon•fll$ Sin¢e 1 August 2016 $mployg99 weig able lo join th¥ money pur¢h8se scheme, which ha9 been e$labli$h¢d in compliance with the regulations on the workplace pensions under the Pension Act 2008. Employees were automatically enrolled inlo the money purchase scheme unless Ihey h8ve exercise their right to opt out of scherne rnembership, Payrrents lo delned ContriktiOn retirement benefit scherne5 8re charged as an expense 8s Ihey fall due. Crltlcal accountbng e¥tlmates and ludgernents In the applicats'on of the Charilabl8 Cornpany's accounts'ng poliaes. the Trusle8s are required lo make judgernenls, stimat¥s and aÈsumptions about th& carryin9 gmDunt of ass&ts and liabiliti•s that gr8 not r#adily appar#nt from oth8r sources. The eslimale5 and associated assumpti5 are based on hisloiical experience and otrer factors that are considtred lo be relovant. Actual results may diffor from Ihtrs¥ aslimat¥s. The eslimales and underfying assumptions are reviewed on 8n ongolng basis. Revisions lo a¢¢ounling esiim8ies 8 recognised in the period in which the estimate is revised where the reviswjn affects only that periiyj. or in the period ol Ihe revision and iuture periths where the revision affect5 both currenl a1 fijture period5. 19-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Income from donatlong and legacles Unrestricted funds 2025 Restricted funds 2025 Tot81 Unre8trict•d funds 2024 Re8trieted funds 2024 Tot81 2025 2024 Donations and grfts Lega¢i88 Grants Membership fees 13.892 13,892 26,47G 36,554 122,467 444 20,470 36.554 376,282 444 81.467 394 198,052 279,519 394 253,815 95.753 198,052 293,805 185,941 253,815 439,756 Gran15 London Borough Merton Wirnbledon Foundation Thoma8 Powell Foundalitsn 81,467 81,467 81,467 81.467 25,COO 25,000 32,582 32,582 34,125 34.125 Thè Nation81 Lotiery Communlly Fund DWP. Accass ic Vvork NHS South Wesl London Big Lotlgry Vislon loundallon for London Merton Borough of Sport Merton Connect Vvinler Grant 110,0001 28,48é 500 175,704 110,COOI 28,486 32.500 175,704 12,411 12,411 32,000 147,619 147,619 9,000 9,IX)O 4,930 4,930 510 510 81.467 198,052 279,519 122,467 253,815 376,282 -20-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Income from clwrltable actlvltles Unréstrieted nds 202S UnroJtri¢tod fund$ 2024 S¥le Df Good¥ and Sgrvlcg5 Activities income 273 Fees received Catenng income Hall hirg Members club sales Transport charges 2,311 1,359 4.365 225 1,032 559 3,280 1.271J 1,276 Contra¢t&d S¢rvi¢•8 Acces5 to Work Malnl8nan¢e of LBM reglsler Mgrton Clini¢al Commi$siorNng Group ICCGI Moortields Eye Hospital NHS Foundation Trust Rehabilitation charges 27,864 1,400 2,366 34,757 1.184 2,366 11,9881 88.388 99,715 140,910 132,486 In¢omo from othgr Iradlng a¢tlvltl•$ lJnrè6tri¢t•d Unre$tri¢tsd fund lundj 2025 2024 Fundraisin9 events 100 Club 259 252 471 Olhgr trading a¢b'vi11g8 471 511 Income from investments Unrestrlcted Unrestrlcted funds luiid$ 2025 2024 Depo$ll account Interg81 Invesimenl Incorng 6,298 927 6.550 853 7.225 7,403 21
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Expendltur6 on ralslng fund3 VnrÈgtricted Unr•9trictèd funds lunds 2025 2024 Fundraising and publicity Publi¢lty and fvndraSslng cost 100 Club piizes 50 170 228 340 Exp8ndltur& on charltable actlvltl•• Totsl 2025 Total 2024 Dlrect costs Wages and salaiie¥ Deprecialion and impalrment Other staff cosls Volunteer expenses Direct project costs Premlsès costs Office costs Sundry expense6 373,605 7.176 13,921 676 16.511 94.333 35,139 1,914 407.710 6,788 17,415 248 7,512 35,959 42.764 543,27S 518,396 Shar• of 8UPPart and gov•rnanc• costs Is•• not• 91 Governance 11.532 9.272 554.807 527.668 Analy$i8 by fund Unreslri¢ted funds R8Strfcl•d fund5 310,693 244,114 294,304 233,364 554,807 527.668 Support cost5 allocated to activities Total 2025 Total 2024 Governance 11.532 9.272 -22-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Support CO8t$ allocat to a¢tiviti¢$ Icontinutdl 2025 2024 Governance colts ¢ompri8e'. Audit fees Accountancy Legal and professioiial HR fees Payroll fee8 Sub5Griplions 2.580 1,800 2.119 2,863 396 1,774 2,LK3 1.337 1,200 2.863 1,449 11.532 9.272 10 N•t movèmènt In funds 2O2S 2024 The nel movement in funds is slated after chargingllcreditingl., Ffjgs payablg lor thg indep8nd8nt gxarninolion of Ihg chorily's finonciol $latgmgnt$ 2,580 7,176 2,LK3 6.788 Dèpreclalion of owned tanglblè Ilxed assets 11 Trustees None of the Trustees lor any persons conn8cted with Ih8ml r8ceived any r&muneralion or benefit5 from the Charitabl8 Company durlng the parlod, 12 Employees Thg ovoro99 monthly nUMr ol &mployeg9 durlng the pgdod was.. 2025 Nurnbpr 2024 Number Senior Managernenl Team Other Dir8cl Chaitab18 Staff Totsl Employment eosts 202S 2024 Wages and salaries Social security costs Other pension costs 339,359 25.274 8.972 370,638 26,876 10,1 373,605 407,710 TherF wFre no PplOy9$ whose annual rernunera1itsn was tnore than £60,000. -23-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 12 Employ•¢$ Icontinutdl Rèfflunerjjtion of kéy rnthnagement pernonnol The remuneration ol key rnanagement personnel wes as follcws.. The key management personnel of the Charity comprise of Trustees, the Chief Executive Officer and the Office M8n8ger. The loial employee benefits of the key rnanagement personnel ol the charity were £88.90412024.. 68,5631, 13 Taxatlon Thè charity 1$ exempt from taxation on its aetivilie8 becausè 811 its incornè is applied lor ¢harilablè purposes. 14 Tangible fixed as80ts Fre•hold lan nd trylldln9¥ FlxtuYo5 and Motorv•hlGI•g flttlnB¥ omputgr •qulpment Tot41 Cost Al 1 April 2024 Additions Disposals 108,541 3T,800 27,295 83,863 9,238 257,499 9.238 At 31 Morch 2025 108,541 37,800 27,205 01,983 265,610 Doproclatlon and Impalrm•nt At 1 pri1 2024 Depreciation charged in the period Ellrnlnaied In of dlswsals 58,521 37.064 348 26,980 63 77,237 6,765 199.802 7.178 At 31 March 202S 58,521 37,412 27,043 82,884 205,860 Carrylng amouttt At 31 March 2025 50,020 388 252 9,099 59,759 Al 31 March 2024 50,020 736 315 6,626 57,697 15 Fixed asset investments Income Bonds Natlonal Savlngs In¢om• Bonds. valufjd 8t Cost At 1 April 2024 & 31 March 2025 25,(Y)O C8rryinu amount At 31 March 2025 25,CMJO At 31 March 2024 25.1X)O -24-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 16 Stocks 2025 2024 Finished goods and goods for rgsale 633 633 17 Debtors 2025 2024 Amounts falllng du• wlthln one yoar.. Other debtors Prepayments and accrued Income 22,043 12.875 27,971 4,709 34,918 32,680 18 Cr•dilor•'. amounts falling du• within ono y•ar 2025 2024 Other taxation and Social security Trade creditors Olhgr crodilors Accruals and def8rr8d Incorna 7,015 152 7.324 922 9.766 9.336 16,933 17,912 19 Rellrement beneflt schemes 2025 2024 D•lln¢d ¢ontrlbutlon $¢h9m•S Charge to profil or loss In respe¢l of dellned ¢onlribulion schemes 8,972 10,196 Thè Charitable Company opergtes a defined contribution pension $¢herne for 811 qualifying employees The gssets of the 8¢heme are hèld Separatèly frorn those of th8 Charit8bl# Company in an independenuy adminisiérttd fund. -25-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 20 R•strlcted funds The restrieted funds of the therity eornprise the unexpended bal8nces ol donotion$ and 9r8nts held on trust Subjeet to specific conditions by donori as to how Ihey rnay be used. At 1 April 2024 Incoming r•sourcoS R•$our¢•8 gxpgnd8d At 31 March 2025 Access to Work Dora and Leslie Barter Conservalory Fund Hearing Impaired Children Wirnbledon Foundation Evèryonè H&alth Big Lollery NHS South Wesl London Morton Borough ol Sport Merton ConneGt¢d Thomas Powell Family Foundation 4,898 6.250 454 16,462 2,680 76,531 500 12,411 112,2891 5,020 6,250 14541 116.4821 2,680 46,478 147,619 1177,6721 15001 13,6451 4,930 1.285 32,582 132,5821 107,775 198,052 1244,1141 61,713 Pr•vlou$ yg•r'. At 1 Aprll 2023 In¢omlng r•sourc•s R•sourc•$ oxp•nd•d Al 31 Mor¢h 2024 Access to Work Dora and Leslie Barter Conservalory Fund Hearing Impoired Children Wlrnbl8don Foundalon Everyone H88lth National Lollery Comtnunily Fund Big Lottery NHS South Wesl London Thomas Powell Family Foundalitsn 7,390 6,250 454 14,167 4,080 10,000 44,983 28,486 130.9781 4.898 6,250 25,000 122,7051 11.4001 16.462 2,680 110,0001 175,704 500 34,125 1144,1561 76,531 134,1251 87,324 253,815 1233,3641 107,775 -26-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 20 R•$tri¢t&d funds Icontinutdl Access to work Funding reeeived from the Department fDr Works and Pensions fDr various equipment and expenses by ViSLJally lrnpaif8d membws ol staff lo asslsl them In carrylng out Ihglr tsmploymenl, Certaln liams of compulor trqulpmenl were capilalised and are being deprecial8d. The Dora and Leslie Barter conservatory Fund In accordan wrth the provisions ol the Dora Barter legacy the funds donated therein are applied to the bjilding ol nèw consgrvatori. H•arlng Impalred Chlldren Funding received from Wimbledon District NursinG and Midwifery Benevolent S(LieW lo enable hearing-impaired childn lo join the Eye Can Doll programmts. Wlmbl•don FodatIon We secured five year project funding lo engage a Vvorking Ase Oulrea¢h Worker lo develop social and peer support activitie5 and lo promote the lake up ol slatulory and valuntary service5 lor warking age people with impaired visian in M8rton. Thg projgct provld88 £25,000 por annLim lo cover 881ary Costs, expenses and ovort)08ds Df tho Outreach Worker. Everyone Health A grant of £4,350 was recèlved lo support our new No One Lèft Behlnd, chair bas8d, exèrcise classes. Blg Lott•ry A three yèar grant to support our Ouireaeh team who recruit and train voluntèers to as8i$l our m8mbers and Clients to live better lives despite theirvisual impairment. NHS South West London and Merton Connected Winter ond Spriw engagement proi¢¢ts lor half-lerm o¢tivits'es arranged lo benefit visually impaired sthool Children. Morton Borough ot Sport8 l$pon$or•d by Clarlon Futures) A local authority prol#cl lo run w¥•kly Martlal Arts and s•ll4¥l#nc• class8s fof adults and chlldran. Thornas Paw•ll Famlly Foundation A Iwo year grant to support c>ur children's and Young Person's Projoot, hleh providBs regular activitigs for our younger members, -27-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 21 Unrestrlcted funds The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t to specific condibons by donors and grantors as to how they Nay be used. These irude designated funds which have beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes. At 1 Aprll 2024 Incornlng resources Resources expended Transfers At 31 March 2025 G9naral Funds Designa1ed- Enily Wèlls M8morial Fund D85ignaled- GÈnaral Bulldino Malnl8nance Designated- Hal R8furblshm•nt 189,236 244,359 1310,9211 122.674 51.526 51.526 184,131 184,131 20,640 15,000 20,OQO 20,640 15.cthl 20,LKIO D88igna1ed- New Mlnlbus Designated- Removal Costs Deslgnal•d- Soclal Club Relurbishmenl 50,000 50,LI)O 530.533 244,359 1310,9211 463.971 Pr•vlous y•ar: At 1 Aprll 2023 Incomlng r•$ouM8 R•8ourc•8 •xptrndod Tran8hr8 At 31 Mareh 2024 General Funds D8sign&led- Effdly Wtrlls Memorial Fund Designaled- General Building Malnlèn8n¢e Designaled- Gym equipment Designaled- Hal Equipment Designated IT, High Tech Loan equipmonl D•slgnalod- Nèw Minlbus Designaled- Removal Costs Designaled- Resource Room Equipment Designaled- Social Club Refurbishrnent 172,539 326,341 1294,6441 115,0001 189.238 51.526 51,526 104,121 15.000 10,640 80,000 115,0001 10,000 184,131 20,640 60,000 160,0001 15,000 15.LK>O 20,(YYJ 20,OQO 15.000 115,0001 50,000 50,(XXI 498,836 326,341 1294,6441 530.533 -28-
MERTON VOLUNTARY ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 21 Unr•$tri¢tsd furnd8 Icontinutdl Funds have been de$ign8ted as follows.. Emlly Wells Mefftorlal lund Thls capllal amount was de$lgnalgd In cornmitlge io prode re¥8nue. G•neral BulldSngs Malntenanco Thè Trusl•ès hawg lakan advicè on thè risks invofvad in owning a large building and the likèly rèpair and mainl•nanc& nggd5 Ovgr th9 long9r t8rrn. This has been 59t a5id9 lo mg91 larye repair maintgnancg ngod5. Hall R•furbishm¥nt Th8 TrLJslees haiJ8 agr88d lo refurbish th8 hall area. Rtmoval Cobts In a prior year, the Trustees have decided to sel-up a fund to cover possible. unforeseen expenditure on our dppampmpnl diirino Ihp rp.wngtriir,lion nf Th? fiijarrJi•n fJentrp. Soclal Club Refurblshment The Trustees have agreed to update and refurbish the social club area. Following £ donab'on from the social club bank account and lo r8cognis8 Its source, il was d8cided in cotnNillee lo incr8358 th8 fund by a sirnilar atnount lo a total now of E50,000. N•w Mlnlbus The Trustees have agr88d to transfèr fmrn Gèneral resoNès £15,000 lo slgnily our firm contrlbution IardS a now minibus. 22 Analysls of n•t ass•ts b•lw••n funds Ut)r•8trld8d lund$ 2025 R•itrf¢tsd fund$ 2025 Total 2025 At 31 March 2023: Tangible assets Investments Currenl asselsllliabllltlesl 54,739 25,000 384,232 5,020 59.759 25,Q)O 440,925 56,893 463,971 61,713 525.684 Unr•strict•d funds 2024 R•$trictsd funds 2024 Total 2024 At 31 March 2024: Tangible assets Invgslmgn1s Currenl assttlsllliabilitiesl 52,799 25,000 452,734 4,898 57,697 25.(KJO 555.611 102.877 530,533 107,775 638,308 23 Relatsd party tran8•¢tion$ There were no dBclosable r2lated party transactions during the period12024 - nonel. -29-
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