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 Impair￿￿￿t. 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 additi￿al 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 a￿ordanCe 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 Op￿allonS, 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 Offi￿r 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 L￿rrent year no
such related party transactions wue reported.
All related party Irans8clions are rnanaged in accorda￿8 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.a*on.% Inr I￿AntIng 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 d*ll¥$rs our alm$
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 Suc￿85 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 wh*n 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 availa￿e 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 S￿ICeS 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 wee￿Y 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 Pn￿lj￿n￿ 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 resour￿5 have decreased by 23.74Vk to £442,41112024.' £580,1561 due to the reasons listed aboiie.
The Charrty's expendi￿re 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 ha￿es. 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 rnin1￿15ed by the impl8mentation of procedures and polici85, with a r8gular r8vi8w ol th85e lo ensure
tU￿ent 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 Impl8m*nl#d and augm¥nt*d 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 SaI￿uardIng 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¢i*l 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 r￿elPt. donated prof8S5ional servlces and dC￿ated 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 e￿h reportin9 dale. Changes in fair value aro re￿gniSed 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 cOntr￿tUal 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 •J*ets
Basic financial assets, which include debtors and cash and bank balenc£s, are inili£lly meaSU￿d 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 re￿ip1S 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 re￿niSed 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 R*llrèmont 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 Contrik￿tiOn 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 assumpti￿5 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 a￿1 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 nUM￿r 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 P￿plOy9￿$ 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•$tri¢t&d funds
Icontinutdl
Access to work
Funding reeeived from the Department fDr Works and Pensions fDr various equipment and expenses by ViSLJally
lrnpaif8d membws ol staff lo asslsl them In carrylng out Ihglr tsmploymenl, Certaln liams of compulor trqulpmenl were
capilalised and are being deprecial8d.
The Dora and Leslie Barter conservatory Fund
In accordan￿ wrth the provisions ol the Dora Barter legacy the funds donated therein are applied to the bjilding ol
nèw consgrvatori.
H•arlng Impalred Chlldren
Funding received from Wimbledon District NursinG and Midwifery Benevolent S(LieW lo enable hearing-impaired
child￿n lo join the Eye Can Doll programmts.
Wlmbl•don Fo￿datIon
We secured five year project funding lo engage a Vvorking Ase Oulrea¢h Worker lo develop social and peer support
activitie5 and lo promote the lake up ol slatulory and valuntary service5 lor warking age people with impaired visian in
M8rton. Thg projgct provld88 £25,000 por annLim lo cover 881ary Costs, expenses and ovort)08ds Df tho Outreach
Worker.
Everyone Health
A grant of £4,350 was recèlved lo support our new No One Lèft Behlnd, chair bas8d, exèrcise classes.
Blg Lott•ry
A three yèar grant to support our Ouireaeh team who recruit and train voluntèers to as8i$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 ir￿ude 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$lgnalgd In cornmitlge io pro￿de re¥8nue.
G•neral BulldSngs Malntenanco
Thè Trusl•ès hawg lakan advicè on thè risks invofvad in owning a large building and the likèly rèpair and mainl•nanc&
nggd5 Ovgr th9 long9r t8rrn. This has been 59t a5id9 lo mg91 larye repair maintgnancg ngod5.
Hall R•furbishm¥nt
Th8 TrLJslees haiJ8 agr88d lo refurbish th8 hall area.
Rtmoval Cobts
In a prior year, the Trustees have decided to sel-up a fund to cover possible. unforeseen expenditure on our
dppampmpnl diirino Ihp rp.wngtriir,lion nf Th? fiijarrJi•n fJentrp.
Soclal Club Refurblshment
The Trustees have agreed to update and refurbish the social club area. Following £ donab'on from the social club bank
account and lo r8cognis8 Its source, il was d8cided in cotnNillee lo incr8358 th8 fund by a sirnilar atnount lo a total
now of E50,000.
N•w Mlnlbus
The Trustees have agr88d to transfèr fmrn Gèneral resoNès £15,000 lo slgnily our firm contrlbution I￿ardS a now
minibus.
22 Analysls of n•t ass•ts b•lw••n funds
Ut)r•8trld8d
lund$
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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