Charity registration number 1121949 (England and Wales) Company registration number 06309405 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr R Turnbull Mr S Wherry Mrs C Wilmshursl- Chair Mr R Gilmore Mrs M Da Silva Skinner Mrs P Gunn Mr G Lewis- Treasurer Mr B Green Ms B Halliday Mr D Liversidge Mr A Scarrolt Secretsry Ms C Burgess Senior management Ms C Burgess Chief Executive Officer Charity number (England and Wales) 1121949 Company number 06309405 Princlpal address Renlwood School Lane Fetcham Lealherhead Surrey KT22 9JX Registered office Rentwood School Lane Felcham Leatherhead Surrey KT22 9JX Auditor Warner Wilde Limited 4 Marigold Drive Bisley Surrey United Kingdom GU24 9SF SURREY ASSOCIATION FOR VISUAL IMPAIRMENT CONTENTS Page Trustees report Statement of trustees responsibilities 11 Independent auditor's report 12-15 Statement of financial activities 16 Balance sheet 17 Stalement of cash flows 18 Noles to the financial stalemenls 19-37 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial slalements have been prepared in accordance with the accounting policie5 set out in note 1 to the financial statements and comply wilh the charity's memorandum and articles of associalion, the Companies Act 2006 and "Accounling and Reporting by Charities.. Statement of Recommended Practice. (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1 January 20191. Legal and Administrative Status The Surrey Voluntary Association for the Blind was founded on 24th February 1922. The Association was formally registered as a charity in 1961.. number 200068. The Association's trustees had the legal stalus of an unincorporated association of persons and the governing instruments under which it operated comprised a conslitulion, which was adopted on 16th October 1974 and amended in October 1998. At an Extraordinary General Meeting following consullalion with staff, volunteers and members, the Association voted to change ils name lo the Surrey Association for Vision Impairment (SAVI). The change of name was approved and registered by the Charity Commission (Ref.. OC-G270573-CD {Ldn) daled 13th March 2002). Incorporation on 11th July 2007 led to a change of charity number to 1121949 and Ihe addition of a company registration 06309405. The charity's focus remained on vision impaired adults and children, and those with a combined sight and hearing loss, in the administrative county of Surrey. The charity's governing instruments are now encapsulaled in Articles of Association. Trustees approved a resolution to adopt the trading name of Sight for Surrey on 8th January 2014, which was registered by the Charity Commission (Ref.'LC111219491FC) dated 31 st January 20141. In 2016 the Local Authority awarded the Combined Sensory Contract to the charity. As a result the organisation became pan-sensory, lo offer support lo people who are Deaf, hard of hearing, blind, partially sighted, and deafblind, and uses the name Sensory se￿ices by Sighl for Surrey to reflect this. Connected Charities and Companies There are no Gonnected Charities or Companies. Objectives and Activities In 2023, Trustees reviewed and refreshed the Centenary Strategy, and in doing so, set the slralegic direction for the charity through unlil 2027. People who we support, volunteers, and our staff, were involved in writing the refreshed strategy. The strategy sets oul our intentions lo conlinue to build on our work as a pan-sensory charity, to enable and empower more people, and to lay solid foundations for the future by developing the infraslruclure of the charity and our ways ofworking. SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Sensory SeNices by Sight for Surrey Strategy 2023 2027 Our Vision Our vision is an inclusive Surrey, where people who are Deaf, hard of hearing, blind, partially sighted, and deafblind, can live life with freedom, choice, and respect. Our Mission Our mission is to empower and enable people to achieve Iheir goals, overcome barriers and obstacles, and have the skills and confidence to navigate life. We offer expert support, services, and advice across Surrey delivering our work in homes, communities, and from our main office hub. Al the heart of our mission lies a deep commitment to equality. We advocate for accessibility and inclusion, lo ensure that people who are Deaf, hard of hearing, blind, partially sighted, and deafblind can lead full and independent lives. We work in partnership with the people we support, and collaborate with families, professionals, and community partners. Our Values We Innovale.. Constantly striving for creative solutions to make a greater impact. We Empower.. Building independence and confidence in those we serve. We Respect.. Treating every individual with dignity. We Include.. Building a diverse and inclusive community where everyone belongs. We are Accountable.. We ensure that every decision made is with consideration to all those we are a￿Ountable to - including the communilies we serve, our funders, commissioners, donors, and the Charity Commission. We Champion Accessibility.. Leading the charge to make Surrey more accessible for all. Our Strategic Objectives Remove barriers to enable every Deaf, hard of hearing, blind, partially sighled, and deafblind person in Surrey to overcome challenges to live full and independent lives. Enable more people, faster, to achieve their aspirations and goals. Ensure people with sensory impairment and the Deaf community have the support they need to use technology and artificial intelligence (Al) Set our charity up for the future by building capacity, capability, efficiency, and resilience. stralegic Goals sit below these over-arching objectives, and these are phased for delivery through to 2027. Performance monitoring Performance against plans and contracts is monitored by the Senior Management Team and reported lo Commillees, the Board, and our Local Authority and NHS Commissioners. Operational seNice delivery is grouped into three departments covering Adult Services, Children and Young People's Services, and Charity Services. All other activity, including outreach and engagement, volunteers and communications is managed by our fundraising & engagement department. We maintain a lead position in terms of our professional standing in Surrey and beyond through workshops, events, and representation within nation21 bodies. We have sustained this position in the face of increasing financial pressure on local authorities by finding ways to work differently and adapting, modernising, and changing working practices. Monitoring quality assurance and service provision against contracts is achieved by quarterly reporting of stalislics and outcomes to Surrey County Council Commissioning and Procurement, and by reporting lo the County Council Service User Reference Groups, Surrey Vision Action Group (SVAG) and the Hard of Hearing Forum, both facilitated by Surrey Coalition of Disabled People. SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Public Benefit Sighl andlor hearing impairmenl can occur to anyone. al any lime in their lives. Sensory Services by Sight for Surrey is proud to have delivered services to the community of Surrey for more than a century. 11 has changed from a philanlhropic blind society lo one thal combines professional seNice delivery lo people with all sensory impairments, and the Deaf community, with an ethos of voluntary seNice. We remain commilted to public setvice of the highest order. We refer to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future work. Achlevements and perfomiance We are delighted that Dame Judi Dench has kindly agreed to oonlinue as our patron, following her coming on board during our Cenlenary Year. Michael More Molyneaux conlinues to serve as our President, and we are grateful for the active part he plays in the charity including visiting with his cadets. The following summary outlines seNices delivered and should be read in conjunction with our 2024-2025 Impact Report forfurther performance information and key achievements. Adult Services The Adult Services Department delivers the majority of the Surrey County Council multi-sensory contract. It oversees our specialist work, encompassing services and support for people who are Deaf, hard of hearing, vision impaired, and deafblind. The services on offer include.. Specialist assessments Rehabilitation programmes and training Hearing loss advice and equipment provision Specialist Deaf social work Helpdesk seNice Specialist duly service Advice, information and welfare benefits service One to One service (including the Communication and Support SeNice and the Communicator Guide Service) Specialist administration (including managing the register of Certificates of Vision Impairment) Deafblind friendship group SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Key hlghlights during the ftnancial year covered by this report The Adult Services team has delivered impact across communities, championing independence, inclusion, and innovation. Highlights include.. Delivering four Breaking Down Barriers immersive workshop days, raising awareness and increasing skills across all sectors in Surrey with organisalional pledges made to cascade this learning within their nelworks. Embracing the new apprenticeship route for Sensory Specialist Ivision Rehabilitation) training. This resulted in the charity recruiting and on-boarding three Apprentice Sensory Specialists to prepare the charity for the future. Continued reduction of waiting lists with an enhanced depth of understanding of dala, review and streamlining of processes and identifying how to belter use the strengths within Ihe teams. As a specific example Certificate of Vision Impairmenl (CVI) registration is within an average of 10 working days, and Hearing Loss assessments have reduced from an average wailing time of 4 months to under 2 months. Offering a person led customer focused helpdesk seNice that responds to over 12,000 calls and enquiries a year. Supporting the ongoing development of team members with qualifications in Vision Rehabilitation and Social Work, British Sign Language Level One and more recently the Deafblind Certificate and Diploma. Developmenl of Senior Practitioners, through formal and informal approaches, to enable the delivery of robust and supportive line management. Inlroduclion of new financial conlrols enabling greater understanding across the organisation about the value of equipment whilst negotiating reduction in costs with suppliers. Developed new policies in Domestic Violence and Abuse and Safeguarding Policies and Procedures. Introduced new cross team working providing a combined understanding of how we work together to slreamline processes and improve the journey for the end userlcustomer. Streamlined the duty seNice to enable an increase in home and community visits, which had a direct impact on reducing waiting limes in key Se￿ices. Children and Young People's Services The Children and Young People's Service delivers Ihe habilitation contract and the short breaks conlract on behalf of Surrey County Council. The departmenl offers wider, non-conlracted services, which are generously funded by individuals, granls and trusts. The department works closely with parenllGarers, schools, specialist teachers, wider community organisalions and national charities to ensure the children and young people we support gel the best start in life. Jane Vincent retired as Head of the Children and Young People seNice in March 2025. Jane has built up the service over the last 12 years to the success that it currently is loday, she will be missed, and we thank her for her hard work and dedication. We have successfully recruited to this role. The seNices on offer include.. Specialist assessment Habilitation Recreation and activities programme across three groups (family groups, 11 ups, young adult's group) Family support servi Counselling setvice SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Key highlights during the financial year covered by this report Include.. Delivering two successful residential weekends for the first time. One was for families, and one was for our 11 and up group. Both received outstanding feedback from participanls. The counselling seNice was in high demand and made a big impact on the mental health of some of our young people this year and Ihis is evidenced through the progress children have made who have been supported by this service including the reduction of safeguarding concerns. The habilitation team have met and exceeded the key performance indicators of the habilitation contract and have also continued to support Ihose young people that fall through the gaps in setvices as they are al further educational colleges. Two of our habilitalion team ran a workshop at the Habilitation UK national conference this year. Charity Services The Charity SeNices department includes non-conlracted seNices funded through generous individual donations, grants and trusts, and those funded by our contracts. The services on offer include.. Eye Clinic Liaison Officer {ECLO) service Resource and Technology Centre Low Vision Clinic at East Surrey Hospilal for Surrey and Sussex Healthcare NHS Trust {SASH) Ac￿sS Technology and Al service Snput into the Hear Here project as part of a collaboration Key highlights during the financial year covered by this report Include: Participation in the project to develop a national Eye Care Support Pathway to use the experience of residents in Surrey lo inform the creation of national best practice. The ECLO team began attending the community hubs across five key locations, strengthening face-to- face engagement and accessibility of the service oulside of hospital. The ECLO team supported with the issuing of 626 Certificates of Vision Impairments (Cvls) across multiple Surrey hospilals. The Resource and Technology Centre successfully introduced cosl-effective alternatives to Ifaditional equipment and updated their processes lo drive efficiency and maximise impact. We joined the Thomas Pocklington Trust Gel Sel Progress project and welcome our first intern.. an Al Trailblazer. We ran our first in-person technology workshop with a focus on Al, which included support on using Seeing Al and Be My Eyes, including demonstrations of Al-enabled smart glasses. Our digital outreach expanded. with bitesize accessible content developed for platforms including TikTok, Facebook, YouTube, and Instagram. We continued to collaborale with the Guildford Diocese as part oflhe Hear Here project, which welcomed new coordinator and continues to run hearing aid repair clinics across Surrey. SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Community Engagement & Outreach The Community Engagement and Outreach team continued to visit all the community cenlres, communily groups, care homes and health professionals throughout the year. They conlinued lo promote our services and support and grow our supporter base across the county. Our Community Engagement team launched two new monthly Community Hubs this year in Epsom and Godalming, taking the total we have now lo six. These events give the people we support an opportunity lo meet other local people, an opportunity to establish new friendships, and to reduce feelings of loneliness and social isolation. They are also allowing us to connect with those who have not already accessed our services but could benefit, with 304/. of participants being people who were not previously known to us. Fundralslng The fundraising team had a successful year with income from Trusts and Grants continuing to grow as well as building relationships with local organisalions including Ihe Guildford Lions, Manor House School, Shere Hill Climb, Enterprise, Unum and many WS, Rotary, Masonic Lodges and other communily groups. All restricted donations are listed on Page 32 under Note 24- Reslricled Funds. Sensory Services by Sight for Surrèy raised the following amounts through the fundraising programme this year: Donation income £92,773, Grant and Trust income £402,060, Legacy income £49,088 and Fundraising Events £42,635. Communications and Public Relations Our Communications Officer continues to deliver our media and engagement strategy lo raise the profile of Sensory Se[vi￿s by Sight for Surrey. Our Digital Storytelling Officer continues lo make a huge impact on our social media work and has increased followers across our channels by 140/0 over the last year. The story Ihal created the most engagement on social media during this lime was our young adult's supercar experience at Dunsfold Park racing track, led by our Children and Young People's Setvices team. One of these posts reached 3,225 accounts on Facebook. We appeared in the Surrey Mirror, Vantage magazines, RHUncovered, The Bridge, Woking News and Mail and Oxted Local. Our Signpost magazine is sent to over 8,000 people including our volunteers, supporters, and community organisalions twice a year in a variety of formats including Braille, British Sign Language, large print, audio, and email. Signpost is also accessible via Amazon Alexa for people who prefer to get Ihe news in audio format via their home smart speaker. An e-news communication is sent lo over 2,000 people every month. Volunteering As of March 2025, we had 145 volunteers regularly giving their time to allow us to empower and enable the people we support. We continue to grow our volunteer base, aiming io increase the numbèr of roles each volunteer covers within the organisalion where possible. Volunteers help Ihe people we support through a variety of roles - home visitors and telephone befrienders help combal social isolation, whilst the driver roles allow people to access the Resource Centre, our Technology Team or take people lo our monthly meet up catch ups. Our Technology Volunteers support individuals with technology at home. All our roles help the people we support feel less isolated and through feedback they give, we see a massive impact our volunteers make lo support.the work we do. Two of our volunteers were recognised for their long-term support and received awards this year from Central Surrey Volunteer Action. SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial Revlew It is confirmed that the company's assets are available and adequate to fulfil the obligations of the charity within its general funds and within each of ils designated and restricted funds. Attached are the audited financial statemenls including detailed explanatory notes. Sighl for Surrey's annual operational result was an audited surplus of £176,769 (2024.. £134,053). Our inveslments returned a {loss)Isurplus of £(8,253) (2024.. £70,544), giving a net movement in funds of £168,516 {2024.' £204,597). Reserves policy At Ihe close oflhe financial year 2024125, our reseNes were £2.017,259 (2024: £1,848,743). We maintain reserves adequate to.. a. Meet the obligations required by funders and donors through restricted funding b. Underpin existing projects within business plan which are only partially funded or unfunded in the medium term Cover the cosl of a possible properly purchase and relocation costs d. Meet statutory and operational requirements in the event of the closure or downsizing of the charily Guard against unforeseen financial pressures The following definitions apply to Sight for Surrey's ReseNe Statement.. Restricted Funding This funding comprises legacy or other funding given to Sight for Surrey and dedicated to a specific purpose, and may not be used otherwise. Designated Funds - This funding underpins existing projects in the medium term until full sustainable funding can be achieved or the project ends. Provision is also made undèr designated funds to ring fence funding for major, usually capital projects. Free and Available ReseNe- There is the option for trustees to establish additional reserves lo ensure that Ihe charity is adequately staffed and able to expand into areas of need. Mainlain free and available reserves to cover unforeseen contingencies. Reserves Overview Restricted funds.. £69,244 Designated funds.. Investment reserve £100,000 Operational reserve £776,000 Capital Expenditure reserve £40,000 Properly reserve £500,000 Professional Iraining reserve £98,800 Recruilmenl reserve £31,800 Isolation in older people reserve £30,000 Legacy projects reseNe £240,000 Legacy income protection reserve£100,000 £1,916,600 Free reserves.. £31,415 Tolal ReseNes (Restricted, Designated, and Free Reserves).. £2,017,259 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk Management Trustees are satisfied that there are procedures in place to identify major risks. The charily is aware of the provisions of the Charities SORP (FRS 102) {2019). Major risks to which the charity is exposed, as identified by the Trustees, are regularly reviewed and systems have been established to mitigate Ihose risks. Trustees review the Risk Register covering all risks to which the charity is exposed and receive a brief from the Chief Executive on the appropriate grading and action taken to manage them. The Full Risk Register is reviewed quarterly by the Finance and Investment Committee and updated as appropriate. The top 5 risks are idenlified and presented quarterly to all Trustees at the Board Meeting, and Ihe full Risk Regisler is shared with all Trustees annually. The full Ilst of key potential risks as assessed in March 2025 was.. Contraclual - risk of the loss of a significant contract Contractual - the risk of Local Government Reorganisalion having an impact on contract arrangements Strategic- risk of a lack of direction or forward planning People - risk of not retaining staff and being unable to recruil staff to key posts People - risk of not having enough management capacity Governance - risk of not being able to recruit Trustees, andlor not having the right mix of skills Financial - risk of the loss of major funding sources Financial - risk of financial insolvency Financial - risk of fraud Operational- risk of longer waiting times for the people we serve . Operational - risk of major disasters Premises- risk of the premises becoming unusable Technology- risk of cybersecurity attacks Compliance- risk of HR or GDPR regulatory breaches Repulational - risk of damage lo the repulation of the charity SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of the financial statemenls were.. Mr R Turnbull Mr S Wherry Mrs C Wilmshurst- Chair Mr R Gilmore Mrs M Da Silva Skinner Ms C Shevlin Mrs P Gunn Mr G Lewis- Treasurer Mr B Green Ms B Halliday Mr D Liversidge Mr S Plowman Mr A Scarrott (Resigned 3 July 2024) {Resigned 14 February 2025) Election and Appointment of Trustees Trustees are recruited by an open recruitment process, with vacancies advertised by local Volunteer Bureaus, on national recruitment websites, and to the people who use our services and support. Truslee Appointments Panels are established as needed for trustee recruitment and inteNiew. Trustees are appointed for periods of four years and retire by rotalion in accordance with the terms of the articles of association. At each annual general meeting, one quarter of the Board retires from office and are eligible for re-election. The Chair is elected for a ￿0-year term. Governance Sight for Surrey is overseen by no more Ihan 15 Trustees who form the Trustee Board. The Trustee Board meet quarterly. As of 31st March 2025, there were 11 trustees. 60% of the Truslee Board have lived experience of sensory impairment, of being Deaf, or as a family carer. SURREY ASSOCIATION FOR VISUAL IMPAIRMENT TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure Trustees undergo induction and are offered on-going training and are given opportunities to acquaint themselves with the work of the charity. Trustees are encouraged lo take an interest in a parlicular aspect of the work of the organisation and are expected to join one or more of the Committees. Board Commlttees The Finance and Investment Committee meels quarterly to deal with all financial, investmenl, and risk aspects of the charity's operations and makes recommendations to the Trustee Board. The Services Committee monitors sèNice delivery, and analyses and reviews operational work, along with emerging needs from the people we support, with senior managers. The Fundraising Committee oversees our fundraising plans, aclivities, and performance. Each ofthe above Committees meet on a quarterly basis. The Remuneration Committee held its first meeting on the 21st of January 2025 and will meet when the need arises. The Property Committee held its first meeting on 6th September 2024 to provide governance to the charilies, search for a new premises. This Committee will meet when required for decision making, and to monitor progress against plans. Senior Management Team Senior managers work with the Chief Executive in a Senior Management Team, and this is extended to work with other managers as appropriate. Full staff meetings are held in-person twice per year, with staff meeling in teams and departments Ihroughout Ihe year, often ulilising video conferencing to do so. The charity has no legal relationship wilh any other related charity in the pursuance of its mission but has a guiding principle of working in partnership with all organisations that can help deliver the slralegic objectives. Audltor In accordance with the company's articles, a resolution proposing that Warner Wilde Limited be reappointed as auditor of the company will be put at a General Meeting. Acknowledgements Finally, the Trustees again offer their thanks and appreciation to Sight for Surrey staff and volunteers for their continued loyalty, hard work and support. In addition, a sincere thank you lo all those who provide Ihe charity with funds, through donations, granls or sponsorship and gifts in kind which enables us to fulfil our mission to enable and empower people with sensory impairment, and the Deafcommunity, in Surrey. In approving the Trustees, Report, the Trustees are also approving the Directors, Report in their capacity as company directors. The trustees report was approved by the Board of Truslees and is signed for and on behalf of the Trustees of Sight for Surrey. Mrs C Wilmshurst- Chair Date.. 10- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Surrey Association for Visual Impairment for Ihe purpose of company law, are responsible for preparing the Trustees Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom GeneraIlyA￿pted Accounting Praclice). Company law requires the Iruslees to prepare financial stalemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial slatemenls, Ihe trustees are required to= select suilable accounting policies and then apply them consisténtly., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuraoy at any time the financial position of the charity and enable them to ensure that the financial stalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. 11 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SURREY ASSOCIATION FOR VISUAL IMPAIRMENT Opinion We have audited the financial statements of Surrey Association for Visual Impairment (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iroland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of its incoming resources and applicalion of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit of the financial slat8ments section of our report. We are independent of the charity in accordance with the ethical requiremenls thal are relevant lo our audit of the financial slatemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audit eviden￿ we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalemenls, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going concern for a period of 21 least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of Ihis report. 12- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SURREY ASSOCIATION FOR VISUAL IMPAIRMENT Other information The other informalion comprises the information included in the annual report other than the financial statements and our audiloffs report Ihereon. The trustees are responsible for the other information contained within Ihe annual report. Our opinion on the financial 51atements does not cover Ihe other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude thal there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following malters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion- the information given in the financial statements is inconsistent in any material respect with the trustees report., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records- or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees responsibililies, the Iruslees, who are also the directors of the harily for the purpose of company law, are responsible for the preparation of the financial statemenls and for being satisfied that they give a true and fair view. and for such internal control as the Irustees determine is necessary to enable the preparation of financial statements Ihat are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic allernalive but lo do so. 13- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SURREY ASSOCIATION FOR VISUAL IMPAIRMENT Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevanl regulations made or havin9 effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslatemenl, whether due to fraud or error, and lo issue an auditor's reporl that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a materi21 misstalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, Ihey could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. Our approach to idenlifying and assessing the risks of material misslatement in respect of irregularities, including fraud and non-compliance with laws and regulalions, was as follows= .Ihe engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., •we identified the laws and regulations applicable to the charity through discussions with Irustees and other management, and from our knowledge and experience ofthe charity sector. •we focused on specific laws and regulalions which we considered may have a direct material effect on the financial statements or the operations of the charity, the Charities Act 2011, taxation legislation, data protection, employmenl, environmenlal and health and safely legislation. •we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misslalement, including obtaining an understanding of how fraud might occur, by.. •making enquiries of management as to where they considered there was susceptibility lo fraud, their knowledge of actual, suspecled and alleged fraud; •considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations., and .tesling controls with walk through procedures and substantive transaction testing., To address the risk of fraud through management bias and override of controls, we.. 'performed analytical procedures to idenlify any unusual or unexpected relationships., •tested journal entries to identify unusual transactions., *assessed whether judgements and assumptions made in determining any accounting estimates were indicative of potential bias. *investigated the ralionale behind significant or unusual transactions., and In response to the risk of irregularities and non-complianGe with laws and regulations, we designed procedures which included, but were not limited to.. •agreeing financial statement disclosures to underlying supporting doGumenlation', •reading the minutes of meetings of those charged with governance. •enquiring of management as lo actual and potential litigation and claims., •reviewing correspondence with HMRC and relevant regulators such as the Charity Commission. The extenl to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's websile at.. hltps'.11 www.frc.org.ukJauditorsresponsibililies. This description forms part of our auditor's report. 14- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF SURREY ASSOCIATION FOR VISUAL IMPAIRMENT Use of our report This report is made solely to the company's members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken 50 that we might state to the company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To Ihe fullest extent permitted by law, W8 do not accept or assume responsibility to anyone other than the company and Iha company's members as a body, for our audit work, for this report. or for the opinions we have formed. F J Wilde FCCA DChA (Senior Statutory Auditor) for and on behalf of Warner Wilde Limited Chartered Certlfied Accountsnts Statutory Auditor 4 Marigold Drive Bisley SU￿eY United Kingdom GU24 9SF Wamer Wilde Limiled is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 15- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Reslricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations, legacies and grants Charilable activities Other trading activities Investments Other income 196,944 2,579,647 42,635 49.680 72.822 346,977 543,921 2,579.647 42,635 49,680 72,822 540,873 2,495,663 18,061 48,962 81,971 133,802 674,675 2,495,663 18,061 48,962 81,971 Total income 2,941,728 346,977 3,288,705 3,185,530 133,802 3,319,332 Expenditure on: Raising fLtnds Charitable activities 159,805 2,605,921 16,002 175,807 330,208 2,936,129 153,067 2,877,860 153,067 154,352 3,032,212 Total expenditure 2,765,726 346,210 3,111,936 3,030,927 154,352 3,185,279 Net gainslllosses) on investments 44 (8,253) (8,253) 70,544 70,544 Net income and movement in funds 167,749 767 168,516 225,147 <20,550) 204,597 Reconciliatlon of funds: Fund balances at 1 April 2024 1,780,266 68,477 1,848,743 1,555,119 89,027 1,644,146 Fund balances at 31 March 2025 1,948,015 69,244 2,017,259 1.780,266 68,477 1,848,743 The slalemenl of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing activities. 16- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 16 17 60,622 1,420,555 54,455 1,436,370 1,481,177 1,490,825 Current assets Stocks Debtors Cash at bank and in hand 18 19 62,020 92,683 662,144 56,100 79,964 498,116 816,847 634,180 Creditors: amounts falling due within one year 20 (263,108) (256,962) Net current assets 553,739 377,218 Totsl assets less current liabilities 2,034,916 1,868,043 Provision for other liabilities 21 (17,657) (19,300) Net assets 2,017,259 1,848,743 The funds of the charity Reslricled income funds Unrestricted funds 24 25 69,244 1,948,015 68,477 1,780,266 2,017,259 1,848,743 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, although an audit has been carried out under section 144 of the Charities Act2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and Ihe preparation of financial slatemenls. The members have not required the company to obtain an audit of ils financial statements under the requirements of the Companies Acl 2006, for the year in question in accordance with section 476. These financial slalements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on Mrs C Wilmshursl- Chair Chalr of the Executive Committee Company registration number 06309405 (England and Wales) 17- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activitles Cash generated from operations 31 133,578 108,407 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Purchase of inveslments Proceeds from disposal of investments Investment income received {31,918) {34,515) 5,126 {47,095) 54,657 49,680 (361,334) 313,194 48,962 Net cash generated froml(used inl investing a¢tivities 30,450 (33,6931 Net cash used in financing activities Net increase in cash and cash equivalents 164,028 74,714 Cash and cash equivalents at beginning of year 498,116 423,402 Cash and cash equivalents at end of year 662,144 498,116 18 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity information Surrey Association for Visual Impairment is a private company limited by guarantee incorporaled in England and Wales. The registered office is Rentwood, School Lane, Fetcham, Leatherhead, Surrey, KT22 9JX. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, Ihe Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monelary amounts in these financial statements are rounded to the nearest £. The financial statemenls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concem Al the time of approving the financial stalemenls, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial stalemenls. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be re￿ived. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipl or olhemise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lotal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs allribulable to a single activity are allocated directly to Ihat activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and deprecialion charges are allocated on the portion of the asset's use. 19- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valualion of assets less their residual values over Iheir useful lives on the following bases.. Plant and equipment Fixtures and fittings Office and computer equipment 10 % straight line 104/4 Straight line 250A straight line The gain or loss arising on the disposal of an asset is determined as Ihe difference between the sale proceeds and the Garrying value of the asset, and is recognised in the slatement of financial activities. 1.7 Flxed asset investments Fixed asset investments are initially measured at transaction price excluding Iransaction costs, and are subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in net incomel{expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impairment of fixed assets Al each reporting end date, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assels have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimaled in order lo determine the extent of the impairment loss (if any). 1.9 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Ilems held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafis. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Flnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contraclual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when there is a legally enfor￿able right lo set off the recognised amounts and Ihere is an intention to sellle on a net basis or lo realise the asset and sellle the liability simultaneously. -20- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion. where the Iransaclion is measured at the present value of the fulure receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financial liablllties Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabililies if paymenl is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Provisions Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of Ihe consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Vwiere the effect of the lime value of money is material, the amount expected lo be required to sellle the obligation is recognised at present value. When a provision is measured al present value, the unwinding of the discount is recognised as a finance cost in net incomel(expenditure) in the period in which it arises. 1.13 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which Ihe employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to lerminate the employment of an employee or to provide termination benefits. 1.14 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 21 SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulls may differ from Ihese estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations, legacies and grants Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 202S 2024 Donations and gifts Legacies Grants 92,773 49,088 55,083 92,773 49,088 402,060 145,531 273,800 121,542 145,531 273,800 255,344 346,977 133,802 196,944 346,977 543,921 540,873 133,802 674,675 Grants Surrey Heartlands Workforce Alliance CFS - Elder Companionship CFS - Mole Valley CFS - Mistletoe Ball CSVA SPARKS Reigate & Banstead SPARKS Hospital Saturday Fund Walton Charity National Lottery Community Fund Other 34,800 34,800 17,400 17,400 2,000 2,000 5,800 2,050 2,000 2,000 5,800 2,050 2,000 5,000 2,000 5.000 3.000 3,000 132,489 160,838 132,489 215,921 63,977 49,425 63,977 170,967 55,083 121,542 55,083 346,977 402,060 121,542 133,802 255,344 -22- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations, legacles and grants (Continued) Surrey Heartlands Workforce Alliance Innovation Fund - To fund Ihe Digital Storytelling Officer post. Community Foundation for Surrey Elder Companionship Fund- To support our Meet Up Catch Up in Oxled. Community Foundation for Surrey Mole Valley Community Fund - To support our ECLO service. Community Foundation for Surrey Mayor of Guildford and Guildford Philanlhropy Mislleloe Ball 2024 - To support ourAccess Technology and Al services. Central Surrey Voluntary Action SPARKS Fund - To support our Meel Up Catch Up in Epsom. VoluntaryAclion Reigate & Banstead SPARKS Fund- To support our Merslham Communications Class. The Hospital Saturday Fund - To support our ECLO service. Walton Charity- To support our ECLO and Hearing Loss Advisor seNices. The National Lottery Communily Fund RC London and South East Region - To support our additional seNices for ECLO, Access Technology, Admin & Data Support and Children's Family Support Income from charitable activitles Unrestricted funds 2025 Unrestricted funds 2024 Charitable activities Sales within charitable activities Services provided under contract Sales of services to beneficiaries 103,149 2,124,602 351,896 97,934 2,056,361 341,368 2,579,647 2,495.663 Income from other trading activities Unrestrlcted Unrestricted funds funds 2025 2024 Fundraising events 42,635 18,061 -23- SURREY ASSOCIATION FOR VISUAL IMPAIRMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Other income Interest receivable 27,985 21,695 27,657 21,305 49,680 48,962 Other income Unrestricted Unrestricted funds funds 2025 2024 Net gain on disposal of langible fixed assels Other income Access to Work 1,477 2,869 68,476 871 81,100 72,822 81,971 Expenditure on raising funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Fundraising and publicity Staging fundraising events Publicity Costs Other fundraising including support costs staff costs 18,665 12,207 18,665 12,207 20,318 14,379 20,318 14,379 49,398 71,973 16,002 65,400 71,973 32,609 78,105 32,609 78,105 152,243 16,002 168,245 145,411 145,411 Investment management 7,562 7,562 7,656 7,656 Total costs 159,805 16,002 175,807 153,067 153,067 24- Inw r In41