2024-03-31-accounts

Annual Report & Financial Statements VISION REDBRIDGE CULTURE & LEISURE 1*tr 4. visionrcl.org.uk 2023 - 2024

Contents Page Company Information Chairman's Statement Trustees, Report & Strategic Report Auditors. Report Financial Statements Notes to the Financial Statements AnnLpI Repotr 2￿8124

Company Information Director Trustees Martin Solder Chaif Linda Perham Kevln Pittman Catherine Rovrfan Brlan Spinks David Thoogo¢xl Carollne Ward Steve Wilks Cllr Zulfiqar Hussain Cllr Saird Jamll Chief Excecutive lain Varah Company Secretary Pam Flindall AnnLpI Repotr 2￿8124

Company Inft>rmation Contact Details Telephone Email Charlty Registration No. 020 8708 3354 pam.flindall@ vlslonr¢l.org.u k 1122720 Company Registration No. Website Bankers National Westministor 3rd Floor 280 Bishopsgate London, EC2M 4RB 6032714 4.visionrcl.org.uk Register￿ Offica Solieitors External Auditors 3rd Floor Redbrld9e eentral Library Clorn•nts Road Ilfofd. Essèx IGI 1EA Wlnekworth Shèrwood Arbour 255 Blacktriars Road Lond•)n. SE19AX •Aoor• Kingston Srnith LLP 8th Floor 9 Appold Street London, EG2A 2AP AnnLpI Repotr 2￿8124

Chairman's Statement AnnLpI Repotr 2￿8124

Chairman's Statement Welcome to our 2023/24 Annual Report & Financial Statements Theie was little let UP at rhe start of the fi'nancial yegr in the rate of inflation. The cost of supplies anil Si)lYi¢es armj buFlJi1￿ iii paitibulal have clea1¥￿ Siyi iilits<ini presture on all Vision bu[Jge￿. ThailK- things appear to be much more Stable as vle into 2tt4. For the time we have increased every price ot gyrn membetship for èll rnembers betsusè ol infl8- titrn, and it is ple83ing to note that the level of income 8cross 811 attivities 8nd the comp3ny. Includ iThJ grants. k% ai an aN-tlm& hlgh at E14.288.000. underplnnlng our charitable activities. As iThcome becomes signifi￿n[lY higher than the M￿a9erT￿nt fee. it is important thai it continues to inGrease ?5 a minimum to match inflation and allow us to fund pay awards and othef Costs and inflation that are not funded via th8 management fee. Trus￿5 hbve dlkngentty consldered Ihe Medlum-Term Firtanciai Flan to ensure that 811 potenti31 Frfe$￿ in the new year have been Ideniilied. and in partIc￿ar that the pay awtsfds are aftord3ble. It has also mèani that hav& been able to set a budget for 2024/25 tnai Yiiii geneiaie a smdi surp5us ￿(1 pui a conir&tsuithi back Into reserves. tis le8sin hat the levelof income cross all activities and the company, includin rants. is at an all-time h at É14.288,000 underpinnin our charitable activities. to note The London Liwlng Wage is lunded principally by the CouTbciI and wlll irbcrease to ￿3.15 per hour. which means thai the minimum full-tirTre salary foi all Vision statt will be £27.426. Lcoking IcHwards, we are looking to Simplify our pay tsbles by moving io fixed salary poinis from 1st April 2025 across the ¢)rganisatson fof all srdtl above the London Living Wage. We have reoiganised the day-to-day operation ol Fairlop and Hainault For8st C￿ntry Parks wlth both rbCAV reporting to the Head of Leisure Facilities, while the Health & Wellbeing tearn now reports to the Olrecior ol Parks 6 Qppn Spaces, as (Joes Ihe newly 8ppthntgd Head of Food & 8w4erage. There is now ry close iTrtegrated working between these roles aThd both service areas: as a consequencè. we hava also integfated the two Tiustee Sub-Cofnmitte8s into orbe kThovffl as LÉisLdre & Parks. sion is now1&8S than two yeafs from the end of the cUr￿￿t CCDtract wlth Redbridge Council ènd. as consequence. fonger reim strategic decisions trvestmE￿I is very drffi'cult, Thankfully the Cotjncil is n￿&¥ a¢dresslng Ihe end ol the contreGt Issue and I hope we will r8c8ibEJ some positkvo nows in tho next year. Thi$ yaar. ￿ h*￿ ¥i9nifi¢)ntly opgr)dèd lè18Uto cèntrÈ systems. we.ve introduced a new app srHI AnnLpI Repotr 2￿8124

Chairman's Statement bC￿kIng3 plarftsrm bringing us to rhe lofefrort of leisure innovaDon and improving ihe user expefience lor Our M¢mb¢fs. Meffibeis can now bwk ¥Yith ease. get r￿t[fi"￿ autoMati¢alty about Q¢OuP eKèf¢ise 4Jaces 3rbd tlaim 1È4Yards ftom top fitness aThJ irfe&tyle brdnds across the UK. rnaking signifitant $8vings. We have recelved good news In relation to both Funwell Cross Lelsufe Cenire and Llbiary. Boih are over SO yeafs old aTrd the library is a listed building. The Council has althated funding to refurt)ish Ihe Lelsure Centfe ehan9in9 fooms In autumn 21)24. wlth a further development ot an aOclltion21 Sludlo n¢ ¢Jry changing pods. Tre Llt)r8nes Team. on rDe Council's Der1311. suDmiueo a successrui io Aris council Englar￿ Tnai avéafd8d £380.000 foi 3 maior refurbishment of the Libiary and the meeting rooThs Ihat will also be undert8keTr over the surr¥Trer. The funding has been received by the CourKil who byill. in turn, comrni£sion Vksion to undeftake the impfovements. Last year s successful openlng of Ihe major re(levelopment of Halnault Forest and the returbishmeni of ParK8 Tenths Gourrs are both going froffl strengih IQ sirengih. Wiihln a year of opening. Ihe Tre fi'rtrancial year WIH see Hainault hitting income tsrgets and the increase in vi£itOVd is at such an incr8asod level th8 cerparks at8 struggltng to Gope. Ternis bookings increased stgnificantty as h&s the income, txrt also import3nily the allocations ol Iree use tK)okings evefy morning are becoming very busy. Trustoes comrnlssloned a r￿le￿ ot the Charity% gt)vèrnance vihich vias discussed caref ully at board. There are a number of recommendations Ihat we Mll implement and consider 4vhen more cerrainty Is kn04Yn in relation io the tuture of the conifact between Vision and the Council t)eyoné 2026. The pcx)I developff*n18 - Ihe LFdo in Valentines Park and Wanstead Pool - are boih Pfoqiessino and I sm hopeful we will see them both open in 2025 or 2026. It vlas Wilh much ￿dnesS Ihat one ol our loundingTrustees. Bfian Spinks. passed aged 90 in October 2023. Bri3n wlll be rnuch missed: Trustees have decided to plani a tiee in h18 honoui ané dèsignaie pwk bertrGh ai Hainault In rnemorlal. Flnally, 8s 3J4vw, I do want to giva my ￿reserved thanks to the cornmitment. ￿rcI work and personal contributions of my fellow Director Trustees. Vo￿n[eerS and Stsff i n wh31 has been another very difficult and unpredictable year. Martin Solder Chairman AnnLpI Repotr 2￿8124

Trustees, Report AnnLpI Repotr 2￿8124

Trustees, Report (Including Stratsgic Report) The Trusrees. who are also Directors for the purposes of the Companies Act 2006. present their Report and Financial Statements for the year ended 31st March 2024. This report has been prepared in accordance with Charities Aci 2011. and also contains the inform3tion required by the Companies Act 2006 (Strategic Report and DFre¢tors' Report) Regulations 2013. The Financial Statements from pages 73 have been prepared in 8ccordènce with the Accounting Policies sei out on pages from pages 78 and comply wifh rhe charity's Memoraftdum and Articles of Association. the Companies Act 2006 and the Charities SORP (FRS 102). Structure, Governance and Management Vision-Redbridge Culture & Leisure ("Vision°) Is a charrtable company limFted by guarantee {registered in England and Wales, company nurnber 6032n4). It is also a chariiy registered in England and Wales (Gharity Commission registrarion numbef 1122720). In the e￿nt of winding up, the Trustees, who are the sole members of the company. are required to contribuie an arnount not exceeding £1. Vbsion's governing document is its Memorandum and Articles of Association. A Board of Trustees is responsible for the oversight of Vision's operations. Board members set objectives. approve the annual budget and determine overall policy. Trusiees are briefed, 8UPF)orted and kept abreast of changes and developments 8cross Ihe sectors in which we operate, In addition to general company and ch8r4ty governance, along with key areas of compliance such as health & safety. safeguarding and dats governance. The Articles of As8ocl8tlon currently require a minimum of sixTrustees to be eI￿red to the Board at any one time. with a maximurn of 12. A maximum of two "Local Authority Trusrees" can be nominai&d by the London Borough of Redbricjge (-the Council-). Alk other Trusiees are ktK)wn as -ordinary Trustees". At each Annual General Meeting. oiie third of Ordinary TrusLees Inusi feiiie, wilh Ihose longesi in office reiiring first. Tfje &)ard meets a mfinlmum of tour times a year and delegates the day.to.day management of the Trust to the Chief Executive and Senior Management Te8m {SMT)- In addition to the main Board. there ore six Sub-committees that meet with Ihe same trequency as the main Board a6 parr of a o/clical timetable: AnnLpI Repotr 2￿8124

Trustees, Report (Including Strategic Report) , Executive Committee Chair - Martin Solder Qrt S Leisure Commitee air- Linda Perham Arts. Culture & Libraries Chair - Catherine Rowan Staffing S Remuneration Chair - Catherine RowaTh Parks S Open Spece8 Committee Chair - 8rian Spinks iyQh eltect Iiom 29 Octobpr 2023) Audit Committeè ¢hair- Steve Wilks A review of the Trust's governance arrangements was undertaken to ensure regulatory complianceandroensure bestpractice.tollowingthecharitycommission.sGovernance Code Diagnostic tool and Charity Commission's Financial Control Checklist. The Parks 6 Open Spaces and Sport & Leisure Committees have subsequently merged in 2024. One of the key recommendations was to undertake further recruitment to till Trustee vacancies and ensure the board have a diverse cornpDsrtion. However. at this time. Trustees have decided not to undertake further recruitment until there isgreater clarity on the future contract arrangements with LB Redbridge beyond 2026. Senior Pay Policy The key management personnel are the Truotees and the Senior Management Team {"SMT"). Collectivety. these are the persons having authority and responsibility for planning. directing and controlling Vision's activities. etther difectly or indirectly. All Trustees serye on a voluntary basis and are not remunerated. Details of Truslees, Expenses and Related Party Transactions ale disclosed in Notes 8 and 11 of the Financial Statements, SMT comprigeg three senior managers. including a Chief Executive and two DirectOTS. The Chief Executive - under delegatiorts from Trustèès - determines the SMT pay structure in consultation with the Staffing & Remuneration Committee. with roles subject to consideration ol external market rates. Th8 total employee benetits received in 2023/24 by key management personne1 are disclosed in Note 9 of the Financial Ststernents. 10 AnnLpI Repotr 2￿8124

Trustses, Report (Including StTh*egic Report) Vision is committed to encouraging quality and diversity among our workforce and eliminating unlawful discrimination. Oui workforce should be truly representative of the diverse community it serves and for each employee to feel respected and able to give theii best. Job applications and career development opponunties are considered solely on the basis of merit. regardless of age, gender & gender identity. race. ethnic origin, religion, disability. marriage and civil partnership. sexual orientation, gender reassignment. pregnancy/maternity or any other factors. As at 5th April 2023, the Vision gender profile was as follows: 5 Mole, 4 F¢mole Dlredor Trustees 3 Male 7 Malo. 6 Fernale 58niof M(yiog8rs 301 Male, 343 Fwnale siaff AnnLpI Repotr 2￿8124

Trustees, Report - Gender Pay Gap The gender pay gap is the difference between the average e8rTrings of men and viome over a period ot tirne, irrespective of their role or seniority. Vision is committed to the fair treatment. rthyard and iecognition Of all statf. irrespective of gender. Our pay and grading strategy is lihked to the level of responsibility tor a role, where e3chgrddÈhas?set P3y range with spinerK)intsin betweengrades. Apartfromour staff vihose pty is linked to the London Lwing Wage or a maf ket rate toi their job role, all trther permanent stèff are expècted to move through the pay fan9e for their grade based or) pertormanee Via an 8nnua appr8iS81 process. Tnis process ano poiw will be reviewed in 2024125. As ￿￿ have reported previously. due to the naiure of our bLJsiness and diverslty of roles. Vksion has no gender pay gap issues and that trend Boniinues this year. The latest fi'gures as t sfh April 2023 show an increase in wornen's rnedian hourly pay. 16.2% hEgher than men's and more lem21es positioned within the upper quartiles. When compafing the tnean houily pay, women ale Paid 4.4% hlgher than mefi. As always. we continue to promote our family friendly policies and our approach to flexible working and to encourage further opportunities at senior managerial levels for women. As ￿WayS. wo contrnuc to prornotc our farnity friendly policies and our approach to flexible working and toeTrcourage furtheropportunities at senior managerial levels foi viomen. We remain committed to ensure that al stsff receive relevant equalities training, and recruiting managers are aNYdre of their responslbilit ies to ensure declsions are made transparently and obiectively to help minimise gender bias. ?? 12 AnnLpI Repotr 2￿8124

Trustees, Report - Gender Pay Gap Hourly Rate The rJrtference betweert the mean and me(r￿n houty rate of wy thal male and ferh8le lufi-pty rÈl- ewdnt grro10￿9$ fec9t¥e Women's Hourl Rate 4.4%1 (hi her) <￿e￿n) 16.2% (higher> (median) Pay Quartiles the propDrtlon of rnales and fem4te8 n each qugrtlle pay b8nd r Quartile 65% Womon 35% M•n Upper Middle Quartile 57% Women 43% Men Lower Middle Quartile S2% Men Lower Quartile SO% Wompn M•fi Bonus Rate the 4ifferer•ce t¢tween the mean and Median t)onus pay trol ma* ano female employees recei Women's Bonus Pa O (m@an} Who recieved Bonus Pa 3.4% Mon is O (modian) 3.2% W(xTron 13 AnnLpI Repotr 2￿8124

Trustees, Report - Employee Engagement All Wision employees are able to take an active role in formulating the policy and strategy ol the Mrnp8fiy. There is a golden thread from ea¢h in4yiVidual perlormaft¢e ¢YeveEopMent p12fl to team programmes that feed into Team/SeNice Plans. Teams are actively involved in establishing financial. operational and corporate objectives that are then embedded in the company's key strategic documents. such as the Medium-Term Financial Plan and Business and Delivery Plans. The &ogrd of Trustees actively encourages participation by employees and the Senior Management Team. Although Trustees formally agree the high level sirategic, policy and flnancial fiamevvorks. they provi(Je a high (Jegree of delegaiion. inc lucjing all operational responsibilities to the Chief Executive and Senior Management Team. Vision¥ govemance model is that of an overarching tK)ard of Director Trustees. an Executive Committee, Audit Committee and a number of specialist sub-committees. Directors, Heads of SeThrice and staff regularly attend service committees and present agenda items in order Ihat their vievws and perspective can be included in Trustee recomrnendaiions to Board about the luture direction of the company, from boih an operational and strategic perspectlve. 14 AnnLpI Repotr 2￿8124

Trustees, Report - Aims and Objectives Irision's goveming objectives are contained within its Mernornndum and Articles of Association which were drafted and adopted in Settlng up the Ofiginal Trust In 2007. Thè èxpanslon ol the Trust In 2011. and th•n in 2016. led to 8 widening ot actlvitlès within the scope ot those objewives. Our Vision: Providing FAaces where people and comrnuntties can thrive. Cor8 Purpose: Supporting people and communities to thiive. Objectives: 1. To improve the health and wellbeing of local residents by providing physical. cultural and leaming experiences. 2. To build stronger and more sustainable comrnunities. 3. To improve the skills ot our communities through participation 2nd learning. 4. To focus our resources on delivering our purpose cost effectively. 15 AnnLpI Repotr 2￿8124

Trustees. Report - Aims and Objectives We offu Induslye affordable CLthiral octlths ond events for locol pe￿. In the ploces and spaces we mona9e, people feel sale and have I n shaping the objectives of the Trust and planning actlvities. Trustees are mindful to take into account the requirements of the Chafitles Act 2011 (as gulded by the Chafity Commission) In terms of the public benefit requirement. ft is an overriding consideration, arKS Vision remains committe(I to rr*eeting both the -benefit" and -publie" aspects in everything il does. For examplè: Diversity breadth is a priority in the provision of the culture and leisure services that we provide, often tor example through providing and promoting cultural activities directly relevant to specifi-c sections ol the community. but including the broader aim of developing an understanding and appreciaiion in the wi der comtrtunity {Ihus promoting community cohesion). Many cultural aGtivities especially therefore remain free of charge or lov4 cost. The same commitment to public benefi.t prevails whefe seivices are subject to charges, Foi example. Vision administers Passport Membership and Flexi Pay. which is a rnembership and pay-as-you-go scheme at much reduced rates for Redbridge residents. Those eligible are in receipt of , Pension Credit Carers Allowance Anyone In Full-tirne Educatlon Unlversal Credit, plus 8 range of qualifying di$8bilty entitlements, benefits aThd tax credits. Slmi13rly. the Music ser￿l¢e where fee remFsslon IL ts available to ensure thai long-term opportunities remain accessible to low.incorne families. Vision also seeks to maximise public benefit in service delivery itself and is always keen to suppori Inlliatives such as work experlence schefftes and volunieering initiatives, thus further eng¥gin9 Vdith the cornrnunity and providing access 10 valu3ble vvork and life experience f rotn which participants can directly benefit: 16 AnnLpI Repotr 2￿8124

Our Activities 17 AnnLpI Repotr 2￿8124

Our Artivities - Arts. Culture & Libraries The Culture S Libraries serivce divsion Comprises eight key areas of activity: Libraries Managing and delivering librarysewicesthiough a large Centtal Library and ten branch librari es vérthin Redbf idge. A Schools. Library SÈrviee is also operated. bvhich tovets the wlidèi area of North East London. The Central Library hosts a number of specialist services. inclLKling far example. Redbridge Museum and Heiit8ge Centre and Hub Cential. a community advice 8nd information hLJb. and Lab Central an interactive Innovation and technology lab for digytèl leaining and entrepreneurs. The Llbfary hosis a number of partners on both a permanent 8nd temporary basis, including Redbrid9e Council's Work Redbridge Team, Debt Free London and Redbridge Citizens. Advice Bureau. Culture Development The Culture Developrnent Team is responsible for SUPPOrtirig grass roots community arts projects. helping the voluniary arts sector to develop and thrive. A key focus for the ream is to deliver a 13nge ot cultural programmes in areas ot low arts engagement. increasing participation wilh the arts by Redbridge's dIVe￿e communities, delivering arts activities and extt ibitions in librafies and cornmunify spaces. animating outdoor spaces through the Redbridge Outdoor Aris progfamme in Illord Town Centie and Ken Aston square. Museum & Heritage Redbridge Museum & Heritage Centre delivers a comprehensive education. exhibition and events programme showcasing the Borough¥ history. often set in a global context 8nd in partnership with local comffluniry organisations. The local studies and aichive resoLJrces support local hisTOry and family iesearch. The Museum is currently undeigoing a major redevelopment. with a formal opening scheduled tor Autumn 2024. following some extended delays to the programme. Community Services Further responsibilities include oversight of the Centsal Library café. Mildmay Neighbourhood Leaming Centre (home to an 'Outstsnding' iated nutsery), and a managing agent role for f hree Re(Ibrid9e communiry centres. 18 AnnLpI Repotr 2￿8124

Our Activities - Arts, Culture & Libraries Wision Venues Thevislon VenuesTeam manages Valentines Mans6on, SirJames Hawkey Hall and Re¢bridge Town Hall Makn Hall & Lambourne Room. Valentines Mansion is a 300-year-old mansion house thai is horne to wedd irigs. ceremonies. exhibitions, SPeCi21 Èvertts ar￿ creative Workshops. along with ah education programme foi SCI￿01 children. The Mansion is also open to the general public with guided tours and private hire. Walks and outdoor music and theatre alsD take place in the gaidens. Plawkey H811 and Redbridge Town H811 are large civic/function venues. available 10 hiTe for 8 range of fuThctions. exhibitions. community events and pertormances. Customer Support & Digital Team The Cusiomer Support Team provide fi'rst lines support to customers looking to hire a Vision facility or book a tieket for an event. including the Theatre Box Office function. This team has expanded to rnanage a range of othef bookings includiTrg functions at Hainault and Fairlop. 04vls Play Cenire party booklngs. support swimming lesson at)d exercise class bookinos, as well as Parks Tenrhis and the Vision app. The Team also has oversight ot digital service delivery. and development across the charity. JJJ Music Service DelI4￿[S opportunities for children and young people to learn and engage with music, including schools-baseLI teaching, Irom whole class learning through 10 individual tuilion. Further opportunities include panicipation in ensembles and choits. with an annu21 concert programme. Thè Music Service is also the lead organisation for the RedbrKlge Music Hub. working in partnership with a range of Music org8nls8tions. Followin9 the national review of Music Educatlon Hub5. Vision has partnered with eight other rnusic seprfices, as part of the East London Music Asso¢iaiion. to deliver the future East London Music Hub. from September 2024. Transition atrangemems willl twin over the sutnmei to the new structure and tunding model. 19 AnnLpI Repotr 2￿8124

Our Activities - Arts. Culture & Libraries Redbridge Drama Centre & Kenneth MoreTheatre Redbridge Drama Centre (RDC) is a fringe theatre venueoffers performances by professional Iheatfe ompanies atongsi(Je ils oyin resi¢ent thoatie companies. driven by a fiew straTrgy an¢J our in house p(oductbt>n cornpany 'Redbiid9e Create6'. Akey pillarol Redbridge Creates is tosupport and devèlopyoung p￿pIe8nd offer theatieclasaèsantj workshops to811 ages.ThèCentrecommissions and pfoducestoufing showsfor schools and supporis curiiculum-based lèarning through schools 2nd on-site workshops. The Kenneih M ore Theatre (KMT) in Ilford ttas 3 360.se3tef auditofium 3nd studio space. KMT expansive theaiie programme presents a diverse lange of performances and shows, plus private hire opportunitre$,The KMTalso enables developmentand progressionopportunrtièstosm8ller. grawoot the8ire companles. complementing Wofk ot Redbfidge Df8rn8 Cenire. Both Redbridge Drama Centre and the KenrEth M(ffeTheaire are operated bya multi-disciplnaryteam working acro&s t>oth venues. pa 20 AnnLpI Repotr 2￿8124

Our Activities - Parks and Open Spaces The Parks S Open Spaces service divlsion carries out a range of activities includlng: Parks Management and Operations M8n8ging Valentines Park. along with eight other parks. all of which have facilities that include wtdoof gymnasia. bowling greens. tennis courts and a variety of chipdren's play areas. Hain8Lbif Forest. which contains a small tarrn, and Fairlop Waters Country Park. including Owls Indwr Play Lentre. 8re also managed. abng with over 40 fecre8tion gfounds and open spaces. Grounds Maintenance Operation and management ofgroundsrnaintenancefor parks and openspaces. plusindividu81 contracts with schools, residential homes and p(ivate sports grounds, aswell as a contract for mcinitoring play inspections on housing srtes. Nature Conservation Aspecialistteam providingsupportandadviceiocounciloffi'cersonecologyandmanagingthe Borough'srkatureconservationassets. Physicalsitesinclude RodingValleyPark, Hainault Lodge Loc£1 Naiure ReserveaThdClayburyPark, aswelloversightat HainaultForesi.Theteamisbasedat IheJameSLealCentrewheretheyrunasuccessfuleducationprogrammeforschools.Th￿aj$Q manageanOrunaiangeofprojects,includinga highlysuccessfulvolunteerprogramme.andkey partnerships, includingthe boroughs maintreeplanting initiativewithTreesforCities. andother projects ar￿ Initiatives across the Borough. Allotments Managing almost 900 allotments across 14 diflefent sites. as ￿11 as monitorlng 10 society man8gÈd sites across Rèdbridgè. Events Organise a trylde range of Gommunlty lestlvals In Redbridge. as vrfdl as a full programme cf events and commercial hifes. Cafes OpeÉtion arbd ot 8 b?r / at Faitlop WÈt¢r_, tté at Ha lft¢ult For¢¢t $Thd ¢até at Clwls Indoor Play Centre, focusing on customw expef4Ènce and food 8nd beverage offèr 8t abl thie• venues. 21 AnnLpI Repotr 2￿8124

Our Activities - Sport & Leisure The Sport & Lelsure division carrlès out a lange of activities fincludsng: Leisure Facilities operatin g leisufe centres at Fullwell Cross (including pools. fi.tness and spa tscililies). Loxford (dual-use lacility wilh pool. sports hall and outdoor pitches). Wanstead (dual-use lacilily wilh sports hall. fitness facilities and squash COLtrts). mayfi.eld (pool, studio and Gym which is also complamerbtod by the school sports hall and all-weather pitch out of school hours.) Two Outdoor sports gr<Junds with athletics tracks are also operated at Ciicklefi'elds a nd Ashton Playing Fields. vvith the latter having an all-vleaihef Pitch. grass Pit¢hes. gym. studio and hall. Vlston also opefates Redbridge Cycling Centre. Fairlop Outdoor Activbty Centre and Woodford GFeerb Gyffl and South Woodford Gym; the latter two as innovative inte9rated library/htness racilities. Indoor Commercial Facilities Wanstead Youth Centre closed in October 2023 and the facility was handed back to Redbrmjge Council. ¥1 *• 22 AnnLpI Repotr 2￿8124

Our Activities - Health & Wellbeing The Health S Wellbeing Team is a cross-cutting luncrion. vwoiking across all divisions ot the charlty to manage, Co-ordinate and deliver a range of spon. physical activity and health ancl wellbeirig communrty programmes. inclyding additional contracts with Redbridge Councilb blie HeaFth Team. The team offets univetsai programmes, as well as a roferr81 service t21geiing children and young people. older people. fernales and people with disabilities, rneTrtal health issues or long-term health conditions. Focus areas Include Active Communities, a range ot physical activity and wellbeing Interventions that meet the need of local residents. Y¥ith a particular focus on communty engagement and health promotion. Health Inter￿ntIon. to addiess health inequalities, improve physical activity levels. reduce obesity and support positive mental health and beh￿ilOur change through our adult and childien's health ieferral prwtafflmes, and Group Exercise Prografflme development within leisure tacilithes an(J COFnfflunity venues. In addition, the team organises sporting elents for young people. adults with disabilities and health awareness events and workshops. The Team also leads on the co.ordirbation of the Megamix programme. offefing leisure, arts arÈd culture activiiy to children as an early intervention/introduction to participation. .sJ 23 AnnLpI Repotr 2￿8124

Strategic Report 2023/24 AnnLpI Repotr 2￿8124

Strategic Report 2023/24 The constltution of w￿lon as a charitable Trust and the breadth of services brin9s some key beneffts. suth as NNDR relief ond slgnifkant VAT odvontoges. as well os o¢¢ess to extemal fvnding which directly run Counal services and private sector competitors are not efwible for. Vision is a social enterprisé that Is able to utilise those advantages and many others for the benefft ot Redbridge residents. TheTnJst has a lower co* base compared to the previpus 'in-htsuse' culture and Leisu(e services Y￿h1¢h has helped to protect and expand many valued sep4ices. Ajongside tho ftnancpl b9noft.ts and officionoios, Vision is focused on innovation and providing positive OLrtcomes for our communities across a range of priorities. delivered Ihrovgh our l?cillties ari¢ services, t121 li Where the Trust competes with the private seclor. especially in the fi'eld of Leisure services. the non-profi't tnaking model enèbles lees and charges levied on the public to ￿maIn aflordable to residents. thus naintaining a¢￿ss￿.1￿ artrd promting inclusion. Acr￿% our pJrtlolio we have posktive reputation for I￿r￿ation and Pace of working. 25 AnnLpI Repotr 2￿8124

Achievements & Performance As previousty mentioned, the 2023/24 financial year has see n many highlights. against 8 backdrop of ch311engÈs presented with inflation and the cost-of-living erisis impatti ng sionifi'cantly. A numbei of service development initiatives and improvements came to f rL5iti on during the year. Whil e the majority of services h*+￿ seen activity return to pre-pandemic levels, others are on a sl(Iwer Irajectory. notably libraries where foorfall patterns have changed post-covid and with service rede$i9n. However. generally we have seen pertormance increases across the board. Our highlight achievements against our key objectives are as f¢llows: 1.14 M 42,000 Library vi5115 Theolre tickels sdd 1.44 M Library digital and physical issues Èen ￿9S awarded to Wisitins, ¥pa￿S 895,000 Over 56,000 =, Leisure Cenlre ¥15its aossos ond vKththop Off endonces, ocross ovr Th•fftes 38.000 'Over 3.000 Swimming lesson5 delivered to aduhs and thildren Chidiwb regvlorly portiopoied in muslc bo5ed ocllwity throughout AnnLpI Repotr 2￿8124

Achievements & Performance Our key othievernents ogainstr our 5tMteglc obiectfve5 are as frAIows: Objective one: To Improve the heolth and wellbelng of local res6dents by provlding physlcal, culturol ond leoming ex4)eriences. OurTheatre offei at both Redbridge D13rna Centse (RDC) and the Kenneth MoreThe3tie (KMT) has worked to expand the audience offer. Throughout the year. RDC offered weekly. fortnightly and monthFy activities arr8nged for nurn ber of Yulnerable and Jnderserved members of the community includiTrg Afternoon Tea 4Vith enterta infflent, cabaret's. drama sessions, signed performances. relaxed performances and socially distanced pertormances for Age UK. Redbridge Forum. Redbridge Carers. Links, Woodbine. St John's school, Haven House. Redbridge Fosiering Association to name just a few. Activities were all provided in a safe and accessible environment including pioviding In-h¢xse eniertainmeni in partner organisations ovin venues where audience could not attend one of our theatre spaces in person. Oui Ihe8tre class membership stands at over 6CK) weekty members of our out of hours activities, which are available from ages 3+ months up to 93 years. A wide variety of accessible and i nclusive classes ineluding. all fomis of Dante. drama. Musical Theatre. Aerial, Singing. Prop making, Devising. Lamda. PerforrnirKJ Arts, script writing and iechnical theatre were successfully delivered. Our Youth Theatre further expanded. which was a struggle post pandemic, and our adLJlt gfOUP also rel¢ymed and is also thriving. The provision for under 5's is accessible every single day of the week with a variety of classes and performances for yt)Ling families throughout Ihe year. The Holiday Activity FurKI programme in Theatres. which was available thiowhout the school holidays. was almost a complete sell-out over the year. Cinema for a £1 welcomed over 1.000 visitors per day acro&s ten days during the holidays. Our dance and drama taster sessions saw over 450 students per %veek across four weeks of the summer holidays. many of whom hadn't aitended classes byith us before. Our evei-growing community of Theatre volurteers continues 10 flourish, arKI vye now boast 40+ volunteers across both venues who provide Front of House support at al I perforrnances. Our volunteers not only learn new skills. but provide social ccjntact and engagement with our audience members, and amonost themselves. These members are vital to our staff and our CUEtomÈis. and they provide an invaluable serrfice to both the venues and the community, f or V4thl¢h Ive ai* extremely grateful. Accessible theatre for all mernbers of the community is ftjndamenial to our woik. including 8nol a ¢eveloped and diverse theatre prograrnme to reach the vast audience that we serve, i n tefms of both demographic and geographic diversity throughout the year. The Iheatres celebrated Black History month. LGBTQ History month. Intemation31 Women's Day. Disability month and Souih E3St Asian Heritage month, along&de our other cultural services. AnnLpI Repotr 2￿8124

Achievements & Perfonnance Slnce the pandemic. our relationships within schools and developing our educaiional Pfogramffle has been particularly challenging across our theatres. But over the last year ￿e have seen a slight shift in attitude. 8 nd Wiè ale starting to seé schools èTh)aging byith our SÈfVice again. Our provision V4Tithin SEN schools is the highest it's ever been hich Is inciedlbly rewarding and both primary secondary schools are using our services for their drama productions, exams and attending perrorm8nces at Ine Drama Gentre and the KM I. Once again, our successful pantomime season at the KMT was paitiCLJlat highlight. 4yith over 18,000 tickets sold across our six-wieek wun. At the end of 2023/24. Theatre audience overall satisfaction as at 96%. During the past two years, the Music Service has been expanding its provision of activities, which allows for people of all ages and abilities to participate In making music that does not require any previous experience. This includes activittes that do not require the participant to have any knowledge of how to ￿ad music. Our sign-up procedures via the Vision website allow adult learners to sign up for lessons all year round which has seen an increase in numbers panicipaiing, It is well documented that singing and well-being afe very closely linked. Research by the University of Oxford has shown singing is particularly beneficial for improving breathing, posture and muscle tension. fhere is also evidence suggesting that singing can assist with rnaint8ir)ing a healthy immune system. Therefore one of our particula( ai ms is to increase singing across all ages. Providing a broad off er of activities vihich residents will identity with has been central the service activities which have been closely monitored by Ans Council England. Steel Pans have featured prominently having been part of Outdoor public Summer events and ¥vithin the last year featured In our Festival at the Royal Albert Hall, We have recently taken on a Gamelan Teachef. Cain81ic Violin and Vocal Teacher and Tabla Teacher. Iii The library servlce dellvered a range of programmes. exhibitions, and serviGes in partnership viith local community groups and businesses to help iesidents of all ages to be healthy, creative and to learn ne skills. To support health and wellbeing the service offerèd information and advlce sessions, regular griel cales to support the bereaved, menopause 8bY8reness cafes. reiki and medi18llon sessions. community gaidening activltles and viellbeing activities for tsmilies such as yoga story tiffles and much rnore. AnnLpI Repotr 2￿8124

Achievements & Perft>rmance The annual Day of the Dead testi￿?1 hosted at Redbridge Central library supported the service's Death Positive hyork. The testival attracted nearly 2,000 visitors to the librafy. with lurther engagerneTht wlth over 3.000 people in Ilford High Street. To help iesidents explore their inner creativity an(J to experience affordable cultuial activities, the service hosted ¥veekly arts and crafts sessions, writing groups, gaffle clubs. talks, workshops, reading group activities, as well as hosting the annual arts and literature Fabula Festival and Fabula Reading challenge. where 2.500 children took part in the challenge. The setvice also partnered Wanstead Bookshop and Oxfatn to host the second Wanstead Book Festival. L8ugh-Able. the comedy night that supports disabled comedians went from strength to strengtfTr. operating f rom its ne%y base at Wanstead Libfary. Featuring award ￿innIng come(lians sharing the platform with local artists, the night offers disabled artists and audience members a safe, inclusive space to enjoy a high.qu31ity comedy offer. AnnLpI Repotr 2￿8124

Achievements & Performance Throughoul the year, the service ran: . 719 Adulfr octivihes with nearly 11500 partiCiF>unts • 722 Story tlme sesslons with over 17,000 partldpants ' 531 Individual clos5 visits involving 14,000 thildren . 1234 Children's octmthes with over 25.000 partldpants I Childrerfs Book Award Event attended by 788 children The Redbridge Outd¢x)r Arts programrrie which is progiammed into areas of lovrf arts engage- rnent received recorooking option5 for various activities. including: 30 AnnLpI Repotr 2￿8124

Achievements & Performance After-￿h0o1 clubs Tustion Sports and fftness groups Training courses This year. we were delighted to host the Woodlord Arts Group at Slr James Hawkey Hall lor the second consecutive year. This event offeied a plarform for local artists to showcase and sell their work. In a bid to false awareness of local history. Valentines Mansion and Gardens iniroduced selt- guided tours of the mansion and its historic g3rdens. These tours enable visitors to delve into the venue's rich history. with QR codes In each room that provide access to detail ed guides in both text and audio formats. Valentines Mansion has seen over 10.000 visitors on open days throughout the year. 'gure thai coniinues to grow annually. In 2023/24, Valentines Mansion participated in and led several major social value campaigns across the organisation. including: Partidpalion In Redbridge Mega Mtx. school holiday activlties Mental Health Awareness Day programme of aGtivities School chiklren's art exhibition Blxk History Month exhibitlon Victofian Christrnas at Valentines Mansion rrr 31 AnnLpI Repotr 2￿8124

Achievements & Performance In 2023/24, we achieved Green Flag ahvèrds lor niTre tsFies Within Redbrld9e and raised the standards of parks by working with user groups. fiienils. groups and volunteers. Alongside this to enh8nce communication 8r feedback mechanisms from park users, we have introduced update signage with QR codes at Green Flag sites. During the year we installed ftve memorial benches and planted 20 trees. with 10 being lor memorials In ValentinÈs Patk. There has 81so been addilional bulb and tree planting and watenryay enhancemerrt8 in Valenllnes Park. More wildflower meaclows were sown along with the exisring ones for House Sparrows and Turtle tk)ves, and additional habitats for Hedgehogs continued to be expanded. In partnership v¥ith Butterfly Conservation. ve planted the last six Elm trees to encouiage Hairstreak Butterllies on Elm Walk Y￿hleh will replace thè Èxisting Ash tiees that alè drying due to old age. Also In Valentines Pafk, the Old English Garden was partially replanted. along with new Fan traifted Fruit trees and ground cover H erbs in the Walled Kitchen Garden, We designated 134.684 hectares for wild long-grass areas. promoting &Thd enhancing biodiversity and ecological health throughout the borough. Funding has been securedvia the England &Wales Cricket Board to invest £800.000 into cricket lacilrties Redb(idge as a resLJlt of the exeellent felationship between Vision and the England & Wales Cricket Board arhcl Essex Cricket. It viill include lurther 1rNe￿ment in grass cric ket pitches. more non-turf cricket pitches and significant investment in machinery. This project is ongoing with rollers and electric mowers delivered 10 three partner clubs and training undertaken. 1¥ In terms ct antisocial behavlour deier(ence, Vision has collaborated with community groups by removing shrubs and creating open spaces to reduce hidden areas prone to crime. Areastargeted included Benton plty aiea. Seven Kings Park, Goodmayes Park. Loxford Park. Barkingside 3fKJ Uphall Recreation Grounds. Clayhall Park and Elmhuist Gardens. From an environmental sustainability perspective. Y have re(luced the use ol pesticides throtjgh sustainable bvaste m8na9ement and on-site green waste repurposing. We have prioritised the selection of drought- resistant plants and habitat ¢ieation to support local blodiversity an throughout this year have enriched over 1.SCK) sqm of meadow in South F•rk and Goodmayes Park and reinsrated tV40 wildlire Invertebrate habitats. Following a successful launch in Apfil 2023. Hairbault Forest has really found itself whilst moviftg from bÈing a project through to thÈ operational stage of its development. rhe site has seen fantastic numbers of visitois Sintè rÈopening the tsrm and its nèw offÈring8 of t￿)￿ and bÈvè¢agÈ within the refurbished barn development, The new Woodland Trust Visitor Centre has Seen over 31.000 visitors in a￿uTrd 11 months. the fore81 has seen approximately 600.OOOvisitors. and the new webslte has had well In 32 AnnLpI Repotr 2￿8124

Achievements & Performance excess of Ic(),￿)0 unique visits. The fafm has been re-stocked with Ioc811y sourced 8nim81s and begun its offeiings of engagement sessions and voEunteerin9 opportunities. After the successlul launch in 2022. the Homes for Ukraine programme was exrended for a further 12 fflonths. Vision hosted a second Ukraine welcome event offering discounted memberships. vKJrkshops. and sèssions with a translation strvice. The welcome event saw 50 people attend. 39 people took up a discounted tnembership. foul volunteers were upskilled to becc>me self-employed and a Ukrdinian choir. art club. youth and playgioLlP have been set up. The London Borough ot Redbridge again commiss40ned Vislon to delÉver lovi-cost actiyrties over the Easter & summer holidays for chiklren and young people within Redbridge for 2023. The Megamix programme offered one to thiee-hour taster sessions and workshops ai a rèduced rate. The provision was changed ffC>m last year and made available for childien aged fiom five yèars to 16 years old. and the age lange for childrèn with additional needs increased to18 ye8fS. Thefe wefe 40 different activities 3vailable with a total of 384 sessions. 13 fi'lm showings and 416 swimming sessions. There were over 12,200 young people booked onto at least one Megamix session - S3% Fernale and 62% from the BAME population. Over 1.600 unique children attended and112 had a registered disability. This year. the Exercise on Referral (EOR) scheme. rehabilitation and tier two weight mar)agement pathways received a record 3,108 referrals. The EOR team has 4VOtked c105ely Wllh all heaiih profe&slonals and have established a paihway Wilh the Learning Dlsabillty Te2ffl to cieate a rnore inclusive pathway for patients. Vision's Child weight management programme has supported 23 families to create and develop healthier lifestyles. Of those participating the 12-week programme. 82.61% rep¢yted maintenance or reduction ol BMI. 83.67% reported an increase in fruits and veget8bles consumption, 90.33% reported decrease in consumpiion of fojd products containing high levels ol high lat. salt. and sijgar (HFSS), 96.67% of participants identilied an increase in physical activity levels whilst 80.33% reported a decrease in sedentary time. 33 AnnLpI Repotr 2￿8124

Achievements & Performance The Health arhd Wellbeing Team continue to work in partnershi p with Age UK Redbridge in delivering two 4veekly sessions Chair based exercise and Tai-chi for participants who are ovei 60 years of age. The Wellbeing Walk progfamrne continues to grow. vo now have six vrf¢ekly vvalks. one of which ts a fetnale only walk, plus the iTrclusion walks. They are flee and accessible to anyone ot any age and 8bility. This year to date ￿￿ have had 184 unique paiticipants. a totsl of 3,240 attendees thal have atiende¢Y 230 walks. We now h8 12 qualihed alk leader volunteers. As part of the wellbeing beiThg walk PfogrmMe. we also have Ouf weekly inclusion walks. We have the Mobility Walk for people recovering f rom strokes and other rTK)bility impaiiments such as MS. cancer. We also have our Dementia Walk lor People Ilving with derhentia. mental health illness and disabilities. This year we have had 17 unique participants and a tot81 ot 334 attendances who attended 40 walks. Walking football sessionsare delivered in partnership wilh Power League. The Walking football session is aimed at people aged 60+ and younger men Y￿h0 have a long-term health condition. The main attendees gre men with an werage of 22 attending per session. This year y￿ have had 30 unique participants, 981 attendees. Vision has made significant upgrades wlhich have improved the group exercise experience. A new alert system had been irnplemented, along ¥vith a nevv cancellation process which has seen class occupancy level rise from 60% to 80%. The studios at Fullwell Cross have had nevi floors installed which has improved the custorner experience. In January 2024. new membership packages and prices vore introduced following a comprehensi benchm8rklng exercl8e of the leisure indu8try. The updaie¢J memberships on offef retlected the demand and requitements ol the local community. The new fflefflbership srrueture included a fees increase foi the fi'rst lime in seven years. which was a iisk but one that wa5 financially require(l. Theie was rtlirlimuth diÈrtJPtion to membetship live figures È to th@ Incresse and there vtas no impact on membership s31Ès in the tinal quartef Of 2023/24. AnnLpI Repotr 2￿8124

Achievements & Pertormance mèmbetshlp. h￿U￿Th9: Free swimmlng for children Dlscounts on Food & Beverage ot ion focdities Discounts on portnershlp brands A r8nge ol rnemt￿r benefits were introduced for the Premier membership. including free swifflming fof children. discount on Fcpod and Beverage at Vision tscilities and discount on pè rnnership branos. The Leisure Pass was also replaced with a new Vision Passport Membership 8nd Flexipay pay and play scheme. This offers a reduced membership for Redbridge residents with specific iequirements or vtho fulfil certsin criteria, and the scope to be eligible for the Passwrt Membership has more than doubled that on offer pieviously through the LeisLJre Pass. These include for example those in receipt of disability allowance, carers alloTryance, uThiversal credit Qr income related support, are lull-time students or aged 67 years and ¢y¢er. The Passp¢yi Membership also provides access to Group Exercise Classes viith seven-¢ays bc>oking in advance. which is a new offer to those paying for a concession membership and W98 not pr8viou$ly part of the old Leisure Pass. These changes are extremely positive providing activit￿$ ar a reducetJ mernt)ership rate to larger percentage of the Community, but also with the inclusion of group exercise classes. Swirn Vision lesson participants increased by 425 from April 2023 to March 2024. with 3.338 adults and chi Idren le3rning 10 swim each week. The lesson prog13mrne is constantly being r&iiewed to increase lessons %vhere pool space and recruitment ot instructors allow. ¥vith ufftr 5,000 children on the waiting Ilst. In January 2024, Swim England started 8 full audit ol swimming for Vision looking at all aspects of swimming. The woiecr will end June 2U24 with recommendations offered to Incre8se swimming participation and income for swimrning lessons. Club swimming, school swimming and public swimrning. Leasufe Facililies Gontinued to wovide Iree leisuie lacility use tor Look￿ Ahef child￿n, which Èxpand¢¢Y to In¢lUd￿ Ukiaifiiaft tèfug¢èS Urt¢Jet 16 yÈafs ¢Yd artrd fot C¢urt¢il Car• Le&Èrs UP tts th• age ot 27. 35 AnnLpI Repotr 2￿8124

Achievements & Performance AshtoTr Playlng Fields helda Natlonal Leagiae Athletic meeting in July 2023, Yihlchwds theculmlnaiion Df a very busy hletic seawn at both Ashton Playing Fields afid Cricklefi"elds. Both facilities hosled range Of aihletits bookings. from gchool PE lessons io swrts days. arbd cross-borough eveni$. CricklefielJs also held a Centenary eveni foi IlfOIQ Aihleiics Club. F8irlop Outdoor Activity Centre prcNided sailing, paddlesports and r811 ￿lIdIng lessons for ovef 55 schools and clijbslyoulh clubs thr(￿ghOul 2023/24, as Yiell as a summer holiday piogramme 4Yith 98% occupancy. Building on last year success, LBR Swirn Club had anothef fantaic yea( at all levels. In April 2023. Ihree swimrTbers made it to the F￿giOnalS. The 21Y23 summer season kicked off with the Basildon May gala. where the team actu.eved eight gold. 17 silver. and 11 bronze meilals. This success continued at the Romford gala in July. Ylith 31 gold. 20 &'lver. and 25 bronze medals. totalliThg8 remarkablè sueee44 of 76 med81s. The December Christmas Ci3cker competition meet was the last ol the Seas￿ and 10 qualify foi the Gounty qualifiGation in January 2024. The ieam won lQ 901é, seven silver and nine bronze rThad31s. All thehard workduringtheauturnn seasonwasaimedatqualrfyingforthe Essexcountychampionship. The18 V￿[8 14 participants this year. achieving ￿ght med315 dunro the fft'r week (t4yo gold. four silver. and two bronze). knvith many makino il to the final top 10. During the second week, the te3m achieved rbine medals (one gold, five SElver, and three bronze). with many leaching the tinals. Tl Basildon Spring Regiofial Qualifier gala in March 2024 also aehieve(I gre8t S￿cè£8. With the tè3m inning 13 gold. 24 silver and 21 bronze med81s, iotalling 58 medals. 66 All the hard work during the autumn season was at qualifying for the Essex County Championship 'Ii V:IIT Ilr, I I •111 36 AnnLpI Repotr 2￿8124

Achievements & Performance Objective two: To build stronger and more sustainable communrties Redbrldge Creates is a name that is becoming 'The collatx>ration with the Music Service rnore viidely knovrfn F<iilhin ow local communities but also f urther afield as our reputation for at the Royal Albert Hall and offerlng 8 significant theatrical Preser￿ to this event high quality production gfOWS. It's the name is highly valuable. along With the upcy)ming of both or Theatre Development Strategy and production of Disney's Beauty and the our in.house production company, bringing Beast atthe KMT stM)wsthe strengthening together all of our pertormanGe arts function relationship between the two services In music and theatre. .whlch we anticlpate wtll be a contlnuing ..development. Redbridge Creates continues to be a strong presence and provide entertainment aThd perfor[nan￿S at rnany local events bvithin our borough and beyond. Not only are all of our major in house productions created by our Redbridge Creates Company. but we provide support to wider community based aetivities too. tneluding 8¢hool fetes. Armed Forces Day. Royal Albert Hall. the Chrlstmas light swltch on performances, Careers. Day. volunteers. day and much further afi'eld In Dance competition& The Musi¢ Service continues to provide music for events which include the South Woodford. Fairlop Water5 and Ilfold servI￿s of Remembrance along with Armed Forces 'Day. In addition to these events. the music servlce does perform several concert$ throughout the year. Music is a posvclve too1 for engaglng and bringing people togethw. Not only do we demonstrate this through the dedication ar)d leaming of cur young people in our music provision, but also through ourcomrTxJnity based music events that cross-cut all parts of <>ur communty, which we are Incre8sing year on year. Offeriro opportunlties within the community to tske part in professional and amateur Proc￿ctIOnS Is key. Wè provide affordable theatre space tor our local amateur dramatic companies, whlch Is vitsl for thelr viability and the lifeblood of communtytheatre. Our pantomime offers open auditions to children. recruiting upwards of 24 childfen every year to join our professional theatre company. Throughout thè ￿ar, the Libraries and Redbrkyge Creat•s held the highly anticipated iv oiture DevelopmentTeTh and the MLJseL and celet)ratedeY¢nt'Just &ng' vthich welc4>rned over SOO stud•rfs from Redbridge Y•d beyorKI and Heritage service delivered a broad to corndkngettrer for 8 night of nging and range of activities, exhibltbns, and in partner•hlp with a diverse rdnge celebtation. ¥yith fefrtu￿d CurYoLfthTheatré and Musical ances from ¢￿￿mUnIty i)ry.... atra provision. NeXt￿r we Mll altemate disciplines to present The Culture DevelophnttearnuppDrteff ￿- Dance. and we are hopeful that even mo sc ols will engage witr4n this everrt, and we Woodford Arts group with an Arih1blti￿S ,at Sir James Hawkey Hall. This included ill be able to celebrate a wide ran98 of diverse 4u res and ¢ommunities wSth an extensive supporting art4sts. sclK)ols' eryymenr. I. entation of dance styles. Hopefully marketlng, and In%iiqilatlon' engaging with many secondary schools on this Oc￿s1on. Through our comrrts tsam we Iw piorrthd music events across the borough. offering concerts which featurv different genres and appealing to our dtverse communrty. Ii*w' J,- ,:1 AnnLpI Repotr 2￿8124

Achievements & Pertormance To ensure the Redbrldge Outdoor Arts programme vffjs accesslble and Incluslve to all. the CuFtUfe team worked in panTrership ￿1th organisations s￿h as MIND and Tre Spectrum Studio. There ¥￿ re 20 inclusive workshops, 4 of which were specifically for low ftjnctioning autistic children arKJ their families. Over 230 people participated in one of the workshops. The team produced easy read guide5 for shov￿. oiganised familiarlsatiOnS tours and tslks. as vftll as launchlng the Spectruffl Studio in partnership wlth BarkingYAde Arts Club for children with Auti£m. The programme ¢¢kbfated divwse artists including those Ir¢m the global majorily and di￿?abled artista. To improve opportunities for young people to engage with cultural actlvlties, the cuifure developrnent team collatK>rated with local youth ofgartisation Lrfeline to deliver a talènt show tor young people aged 13-25 at Fulwell Cross Library. To eelebrdte Redbridge's divetse and vlbrant community, the Culture and Librdties Team collator£ted with a long Ilst of community Partners to co-create and co-dellver 8 broad prograrnme of celèbratory activities which included the Kings Coronation, South tsiarb Herttage Month, LGBTQ History Month. Windrush 75. Black Hlstory Month, Refugee Week. Islamic Heritage festival and Iskamaphobia Aipmreness Exhibition. The libraries tearn hosted family arts and crafts activities to celebrate Diwali. Ramadan. Chinese Neyw Year, Hannukah. ChfiStma6, whilst the Culture Development team organlsed a serles of SLJccessful Town Centre Chtistmas Ilght tsp evènts In Wanstèad, Seven Klngs. Hainault. Barkingside, and VaEentlnes Mansion. In collaboration with ow Theatre Team. These evenis celebrated the diversity of Redbridge's community and brought these different communities together at a tlme when cornmunity rel8tlons are stfalned. To irnprove our offer to library customers who are visually impaired (Vl). we have appointed Vl •mb¢Load¢r$ 8nd roll￿ out tfaining to libr¥y ¢taff from the fiNIB. Th¢ tèam will ¢ontiThuQ to Wotk with RNIB and local partners to ensuie our Ilbrary buildings and services mèet the needs cf visually and partially visuaj impaired iesidents. The library service Joined the Nation?1 Databank scheme and supported 262 Sndividuals wlth a ftee SIM card to help them stay digltally Included. Our home Ilbrary servlce regularly supplied 50 people are unable to come tothe library due to an illness. disability. or caring responsibility. with books and ovp.r wo ￿Ople were supportwj with ?pplicions for blue badges arKI other atplications. 38 AnnLpI Repotr 2￿8124

Achievements & Performance Throughout the year an(1 during 'Green Libraries Week. Redbridge Libraries ran fep8ir an(J ener9y cafés. sew and mend w￿kShOps. 9ardening and grow clubs to help the community to sawe and become rtK)re sustainable. In partnership with Redbridge Council. sevetal COSt-of-livlrbg advice sessions V￿re dellvered f rom libraries across Redbridge. And durirTrg the colder months. all tyJr libraries were d•S￿n8ted warm hubs. where residents could come and S￿n0 tirne keeping warm. socialising ar￿ engaging In activitie6. 267 people volunteered with the library serylce givlTrg over 5.000 houryJ to support a ¢Jlverse fange of actiwties such as 1-1 IT support. helping bvith children's activities. supporting the home Ilbrary service and more, Colouis of Redbridge 18 a 3-year Programft)è funded by Arts Ctsuncil Englènd thiough tts ¢reative people and places tunding sttarKI. The Purpose of this programme its to empovr loca1 Communities to take a leao ¢>n declcfing the type tsf cultural activities they vY)t to see on their 4oofStep. islon, as the lead organisaticn on the Colouts of Redbridge Consortium, has supported the pioje¢t through rts first year ol delivery with a full team in placè. A programme te￿ consisting of a fijll tsme F4(xJramme Diiectoi and 3 Cornmunity EngagenTrent Officers is now in place and opefates Irom Redbrid9e Central Ltbrary. The focus of the team h88 tieen to finalise the 3-ye8r business and activity plan, create 8 (W brand identity for the project, consult wlth the local community. to ￿rUIt voluntee@ for the 3 ¢reatlve hubs and to support grass roots creative activlties. Key highli￿ts foi the project include the design competition foi young people, which resulted in funding and work e4Derience for the winner and a new namè and Klentfy foi the project, 45 volLJnteer communlty producers recruited. delivery of the Hefe We Shwe creative listening sessions where over 1000 people were consulted. These sessions captured the voices and experiences of residents In the London Borwgh of Redbridge. panicularly focusing on the areas of lttord, Loxford. Hainault, Fullwell Cross an org4nisationtrJ wUPlX)rting pooplc with carc and support nccds .A launch cvcnt tc sharc thc findings was artended by over 100 people and 15 grassroots projects have been supported with funding through the We can Create commissionin9 Strand. Parks delivered the 'Go Green Roadshow, In partnership wlth Redbrldge Councll's NelghbDurhood Street Scene to promote environmental awareness. The outcome of this Initiative was the 39 AnnLpI Repotr 2￿8124

Achievements & Pertormance introduction of a series of roa(Ishows used as a plarform to Pfomote our Amateur GardenFng Competition and our Parks S¢herne. AlOngs￿e Ihis we have developed educath)Thal partne￿hipS with programmes with schools and communlty groups focusing on organic vraste and composting. We have also had successful comrnunity-led initiatives like those in Ray Park deMoJ￿rating our effectlve group engagement strategy. Ovèr 900 allotment plots are now let annually and at the samé tlrnè we havè dèvèloped significant partnerships wlth charities, community groups and schools on allotments across the Borough and delivered a programme of volunteerlng workdays and trdining events. A new water suppty with dippirlg tanks I￿aS Installed at Wanstead Park Road Alh)trrents in partnership Cadent Gas. The Keep Britain T￿Y 'People's Choice Awaid.. saw Hainault F(Kest vote(J into theTop 10 parks in the country for the first time. All membeis of our Events Team now hold a health and safety qualificatFon from IOSH to NE8OSH vthich allows rhe tsam to better support communityevent organisefs. The Events Team organised and managed Holocaust Memorial. Armed Forces Day and ReMemb[￿Ce Day evenis. In addltk)n. funfalrs wefe successfully hosted in Valentines Pwk. Fairlop Waters and Barfey Lane Recreation Gfound. The EventsTegm delivered 8 successftjl and vibrant Wanstead Festlv81 engaging wifh oLFr ICO community groups and businesses Vdho particspated in the annual festival which is atrended by in excess of 5.000 predominantly local vlsitors. Future developments will include initiating Wision's sustsinaly.lity strategy to ensure the impact of the fesriv81 Is minimised. The Evènts Twdm has biokèièd conti8cts for external ptomotert to host la￿e testivals, SLJch as &Jntx)ume and Garage Nation. and is continuing to work with piomotets to publicise and $howc8se the 8orough's outdoor parks and open spaces to increase the range of events and work towards Increasing Income. The team has worked wlth a variety of communiry orgaDi5ers, such as Redbridge Is13mic CEntre, Al N(K)r an(J the F￿r￿al of Cricket to enable thern 10 produce large events in parks. We have deliveted over l.0(K) hours of volunteei sessions across our parks. open spaces AnnLpI Repotr 2￿8124

Achievements & Performance Our theatres ha￿ g remarkable Pfovision of ?c¢essible classe¥ progr4mmes Yiith 8 wide and varied range of skills and abilities avatlable to all. Classes and courses are held at the Drama Centte and the Kenneth Mole Theatre, a strong and gfowing provlsion kn schools and cornmunity centres and vie are also avadable to deliver at othei venues around Redbridge and neighbouring boroughs. Wa offer a varied prc¥Jramme highlighting the dlvetsity Ot our community and continuing to educate and remember the wealth ol history Wiihln our boiwgh, We preseni progromrThe8 that educate and {￿lebrate Black History Month. LGBTQ History month, Intemational w0n￿n week. Souin East Asian monlh, Tts HOlOCaUSt8nd DIS8b611ty avwareness. all wiittin the contsxi of our theatre progr3mme. We Pfovlde a Pfogramme ot learning and education through music. dance. drama. tt1m and comedy and we are support collaborations vvith local organisations who wish to use our lacilities and or tscilitators to deliver a message. Our partners throughout the year Incluoed inbow Film Theatre, The British Fllm Ir￿ItUte, Kahani Arts. Edinburgh Fringe Cornedy Festkval, Pleasance Fringe Festival, Age Uk to name but a few. The Music Service has a formidable reputation for provlding quality Whole Class Ensemble Tuiti¢xi {WCET). One of our schotsls Wds Studied as part of the case studies ¢ompFled by the DIE bn the Implementatlon of the updated Natlonal Plan tor Musie EdLJcation. In thè futuie wa 8spire to offer mole classes aimed at adults in addition to our 1.1 adult tuition which would be modelled ground WCET and group leamlng. This woukj bring dovm costs to those partiCiP2tlng so they can initially er)gage in learning before dec￿l￿g they would like to tXC*3ress even f urther. Although cKJr music provision Is heavity focused on rrnjsic opportunities in schools 2nd at our music centre. there are residents who have played an instrument previously vvho vwould vwelcome the opportunity to start (or restsrt) playing and to reignite their love of music. We have an alumnl group. New Reclbridge Wind Orchestia, who are based at our muslc ceNre In Halnault and through needs an8lysls arKI eng3glng with the community aim to create turthfrr opportunities for adults to re-engage with their love ol rNsic making, Wofking in partnership with u8 to bulld a range of ensembles for people to play in. Despite a challenglng year for the nursery sector, Mildmay nursery went from Btrength to strength, wetaining rts Outstanding rating by Ofsted. The Inspectors report comrnended the nufsery team on strong leadership and the high quality of early yeats care arbd education, particularly lor Childr￿ with SEN (Speclal Educaf ional Needs). 41 AnnLpI Repotr 2￿8124

Achievements & Performance Objertive three: To improve the skills of our communiti•s through participation and learning The Tru￿0ry workirwJ in p8rtrJership with the NHS dent81 outTeach teaffl. g8iiing a GOLD Tooth Friendly Nursery Accreditation. Throughout Ihe year, children and parents enjoyed lots of celebrations. irbcluding Eid, Divtsli, and Christmas parties as well as a special Coronation tea P8rty. The nursery has continued to opefate long waiting lists all year. This Is a testament to the excellent feputation the nursery has In the local cornmunity. To support the (Jigital iriclusion agenda the libtaiies team delivefe(J Ihe 8uccessftJl Tech Ilfoid Fesliv81, whlch Is now in Its 5th year. Oellvered in ¢041aboration vyith 13 partners, over 1.909 people came thiough the doors of Redbridge Central Library on the day to experiment wlth new techr￿logIeS arKI creative activities. Thioughout the year 263 separate activities were delivered trorn Lab Central. our digital makerspace In Redbrldge Central Llbrary. 3865 people of all aoe8 participated In creatlve Science and Technology actlvities such as CC#Jing, VR, Al, and robotics. The Lab Cerktral teaffl wefe recogThlsed in the annual Llbrarles Connected Awards for the work they have done to engage young people with digital technology through the Lab Central programme, where the team won in the Digital S Inloimation category. 270 Feof4e were suptmjrted thr￿jgh a Get Online session at the library where incjividuals ￿aM bastc IT skills. The libraries team worked in p￿rnershIP with Age UK to deliver IT sessions ai Wanstead ￿ Redbridge Central Libraries. Through the annual Fabula Readlng Challenge, 2.428 children were supported with their reading throughout the suthmer holiday. ResÉafch shows that the annual reading challenge helps to maintain and improve literncy levels In children over the long summer break. The Museum and Heritage service facilltated education sessions lor 2.783 children during th8 yeaf. and over 71X> people were supported with heritage enqulr%es. with lile-changing results for 50me customers who could reconnect with long lost tsmily members, 'Active Bocly Healthy Mlnd. project provides adults In Redbrldge the Op￿rtun￿l0 ac￿SS free acttvity taster Ee&siork8 through Yision ￿[ViCeS. At the completion ot its first year in August 2Q3. th¢ ptOjÈ¢t had dÈliv¢r¢d 61 sesÈiOrt$. ih¢lu¢lity a ¢rt9¢ of gt¢vP ¢XÈt¢iS¢ ¢¢ssl¢rts featuring Pilates. ZurTrba. Bollyiood dance fttne$s. Bhangra fitness. box fit. bc￿tCarnp and 42 AnnLpI Repotr 2￿8124

Achievements & Performance yO¥a. A hi¢hlioM v4a$ 'Dancè FitnÈSS Fest.. V4hÈFe 200 peoplè b¢x)kÈd Or*ts a 2-hour dèrtce tness marathon at Sir James Hawkey Hall. Duriffj Mentsl Health Awareness week. vafiOUS Vlsion services. including Heahh & Wellbeing, Sp¢)rt & LeiÈufÈ and the Arts. Culture & L¢braries tèams came together to olfÈr an activity tim8table teaturing 25 events across the week locused on piomoting positive wdlbeing. The Last Man Stsnds Cricket programme has continued to grow and now has fi.ve leagues and 8 cup cornpetition 81 H8inault Recreation GfouTrd and Seven Ki s park. The V￿Orer indoor league at Loxford Leisure cent￿ also contin￿1 with17 teams total ing over 130 gaffles. This progiamme highlights the desire residents have to partficipate in regutar competirive sport, bulkjing communlty cohesion and engageffl￿t. Redbrldge had a team of 33 youro athl@tès at 2023 Virgin London Mlnl Mardthon. IndLrdlng a 5th place in the boys U17's. Over 200 yourKJ people took part in 26 out of the 38 sports in the Lonck>n Youth Game8. The Health & Wellbeing Team provides training and support to these individuals and clubs to support local communities throughout the yeai. Redbridge finished 9th ￿1th 18 top Ten Ilnishes. Including a GokJ. three silver & one bronze individual medals. Maylveld and Fullwell CfOSS contlnued to provide the school swimmlng prograrnme wllh 44 schools. 745 hours of teaching and over 4.50) pupils attending. F5￿ National Lrfeguard Qualifi'cation courses we held in 2023/24. with 54 gairing a qualfflcation and 15 ot those that passed becoming petmanent Wision employees. 25 swlmming apprentices were in place durirbg the yeaf. wlth eight beeornlng Levd I swimrning instructcrs and four completing Swim England Level 2 qualifi'cation. A new partnership vdith Lifetlme Training vffjs irnplemented for 8 new apprenticeship scheme. A ranoe of partnerships are now on offer. including leisure management. hospitality managernent and leisure atten(Jants. Lxternal training COUTses took place throughLwt the year for all seryice areas, InclLKling nine 43 AnnLpI Repotr 2￿8124

Achievements & Performance rnembers of Stsff beeomng IOSH Managing Salely qu81ified. staff renebying or completing their three-day Firsi Aid at W(xk Ihafffjcation. and 9tJ staff coryletiTrg deftbrlllator traniro. New kppetson corporate health and safety training look place for rr¢nual handling and re m?Bhg1s, an¢ there is ? 2024/2S training schedule for all relewant staff to atte[￿. W￿10n offets a div8tse range of volunteering op￿IrtunItI￿8 across the leisure and culture porttolio, including: . Nature Conservatlon. Courtry Parks ond Parks. . Theatre Front of House and ushers. in partr•ership with the FrieThds of RDC and KMT. . Valentines Mansion 3tébYdrding, guides and event support, in partnership with the Friends of Val8ntlnes M8nslon. Librgries digitsl support champions, storytellefs, readhg support champbr . Museum and archive volurteers. ¢1 . Health & Wellbeing in support of the London Youth Games. Mini Marathon nd Walk Leaders. . In addition. we support and offer 8 range of work experience *)d personal (levelopment schemes, such as the Duke of Edinbu award. A number ot our own your people are supported through Jack Petchey awards across au 8eNices. AnnLpI Repotr 2￿8124

Achievements & Performance t4 Objertive four: To ft>cus our resources on delivering our purpose cost effectively The Music serv[￿ has undertaken è revievv of reqtjests made and ntreds analysis. in order to more effi'ciently use our wider existing venues and staff to estsbllsh clustef areas for a¢tivltles to take place. Thls would allow tor local travel and contributiTrg to our Green P0￿cy/[edUcIn9 emisstons. Venues inclLMJe the John Savage (Music) Centre, satellite centres In partn8rship wlth schools and acro88 more Vision Pdcilities. such as Libraries and our theatres. uccessful Library Bid a result of the pandemlc. we have become nuch more u5e(J 10 learning online. The Music Service has ￿￿eloped a MusicTechnology learnlng option at its Music School centre which will be a blend of in person and onllrva. This enables those who might be lacking in tirne wealth to travel and engage. Following pilots. this will develop and be expanded th8 coming year. £19,000 from Arts ouncil project rants to develop he Redbridge Day f the Dead arts estiv81 and Glven the hlgh costs of opèrating theatres. we have ensured throvghout the year that we m?xirnise ¢￿r resoLJrces and our staffing to enable the buildirrfJs to be open and operational in the most cost-effective way. This includes making sure that we are using the venues to the m&¥ifflum ot their capacity as tar as possible, £30,000 from Library On to evelop an app o help library ustomersfind the ide breadth ot igital resources vailable from Redbridge Libraries. We are constantly sweating our assets wlthin the theatre buildings and taking care of equipfftent and facilities. reviewing the current stock of theatre equipment and replacing or repairing with mofe cosr.effecrive iesu115. We reuse and iepurtx)se as many materials. sets. props costumes as po&sible ThKs ensure thai Y* rrdnimlse cast. but also supports the goa16 of wr sustainability strategy. The librarbes learn were successful with fvnding bids to itrbptove facilities. derfelop services and increase eThgagement. 45 AnnLpI Repotr 2￿8124

Achievements & Performance The seNice also successf ully btd for, on behalt of Redbridge Councll. nearly £400.000 f rom the Government's Library I mpiovement Fund for a transtormation piogiafflme at Fullwell Cross Library, which will be delivered in sutnrner 2024. We viork Nyith a multitudé of partrtÈrS. with Similar aims ar￿ objectivès, to Mst thèir £trprficès and 8Ctivllies In libr8ries. This not only maxirnlses the use of space. but also exposes our partners to oui Yvide audience base. and provides more convenient and holistic access to servlces for residents. As 6 ITieiTibeT ul Tlie Libioiieb CuribuiiiuiTI. we weie <ible tu rTioke eftFLieiit Ub¥ uf uui bivlk bLkdgets and help reduce wait tiffles for customers by offering seamless acce55 to 23 partner libfary Eervices via OLJr shared catalogue and the otie library card approach. Paiks continued to perform viell under the Association of Public Serrfice Excellence frarnework. I n respect of the performance indicator 'Maintenance Cost per 1.000 head of Populatio n., Vlsion is ranked 2nd out ot the 37 contribuling authorities. In terms ol the indicator mÈasuri n9 the perceniage of siaff absence. Vision is ranked 2nd out of 37 authoriiies, which are both excellent aGhievements. Vision has invested in leisure facilities during 2023/2024, with aging facilities requiring greater upkeep to 8nsure the customer experience Is always of 8 high standard. Key investments include: Replacement of Fullwell Cross Studio 1 and Sam Ryan floors Painting of Ashton Playing Fields Hall Fairlop Chrtdoor Aetivty Contre launch Craft new keel and rudde Cricklefields fioodlights upgraded to LED lights Fullwell Cross changiNJ room lockers replacement Fullwell Cross spa showers refurbishmen I,rk AnnLpI Repotr 2￿8124

Achievements & Performance Wanstead and Fullwell Cross Lelsure Centres completed Asso¢l8tion of Public Seivlce Excell¢n¢e returns for 2022/2023. For it$ typ¢ of facllity. Fullwell Cross was in the Ist qLl8fiile for usage per opening hours. custOTner spen(I per head an¢J subsidy per operii rkg hours. For dry side facilities, Wanstead was best in group foi sUb￿dY per visit. operational recovery ratio and customer spend per head. For both facilitie5. the majorlty ot indicators ere improved from 202112022. Fullwell Cross and Mayfield Leisure Centres had QUEST audits during 2023124. Mayfield had a one-day un8nnounced visit wlth a Very Good score, with general obseniations of the facility scored as Excellent. Fullwell Cross had a tv40-day Quest Plus audrt with an overall Good score. Health and Safety and Sateguarding scored Very Good and liteguarding Excellent. Sport and Leisure started a partnership with Play Fooiball to increase occupancy and income for outdoor all-weather pitches. v4ith. a more strategic focus on f ootball and hockey trjookings ai Ashion Playing Flelds. Mayfield ano Loxford. ALJtomatic Number Plate Recognition for car park management which has been a success at Fullknvell Cross and was also installed at Ashton Playing Fields and Wan￿ead Lelsure Centie, The Marketing team have dellvered a range of successful campaigns rnainly focusing on income generation arbd social value programmes. Promotions include a rnix of printed and digitèl promotions to leach our targètèd audiertes. Outd(K)r advertising consists of mixture posters on our external noticeboaids on a monthly basis, banner display at Wision facilities for high priority campaigns and bus/tube a(Ivertising ror Gym Memberships and annval Pantomime to increase sales. Diglt81 marketlng includes social media, Facebook adverts. using a mix of photos. vide() clips and designed assets. èdverts on TV screens at Vision facilities and eNÈwsletters. Our most popular video clip to date is the Pfemier Membefship with over 7.700 vievis on YouTube. Open rate lor our monthly eNewsletters Is beNrfeen 28-37%. Average open rate Is 21.33 Vision webstte is the key to all promotions. ensuring events. activilies. campaign pages. nvyws ¢irliLlvs. oEiili¢ iiifuiii7£ltiVii ib ¥¥CUi<iie aiid pieb¢iiied tl) il liiytri st<Jii(J¢ll d. Ttriib year the Ifision websiie has gained over 900,000 vievys. 47 AnnLpI Repotr 2￿8124

Achievements & Performance Redbridge Holiday Mega Mix is one of our Top Ten pages vwiih 50,000 views. Kefinoth More Theatre Lelsure Facilities Fairlop Waters Children's events S4xial media is also a lop priority fof fftarkeiing. we manage content with a bveekly planner to post content across all services our online plafforms. Facebook has been identified as one of the most used social media networks. Do More in Redbridge Facebook page. has an estimated reach of 400,000. SiThce the visitor f acilities have re-opened at Hainault Forest in April 2023, we have gained over 1.200 new followers on Instagram. Vision Mernbership Sales are in excess of 4.OCX)+ live members. In January 2024. we launched brand-new membership packages including the Premier rnembership. The membership includes. unlimited gym. swim and classes, discount on theatre tFckets at Kenneth More Theatre and Redb(idge Orama Centre. discount on food & beverage at some Vision f ￿lI11Ees, discounts on top fttness and lrfestyie brands and much more. VIrtU81 Tours are now available online tof all leisure facillties. giving potential cusiomers Instant access 10 ￿eknV the centres and facilities available and improving the customer iourney 10 join online. t)uring the year. we insourced most of our graphic design work to achieve stionger brar presencè and reduce ¢osts. This has been successful ènd v4e are now seein9 m¢re consistency, strong appllcation ot Vislon branding across all services and reduced eost alongside strong income. e have skilled setvice-based staff to be able to rfirectly add and edit website content. and event progr3fnme inform31ion in order to increase capacity and ttee up fftatketing officer time in the corporate marketing team. This is applied wtth stiong guidelines and oversight by our rnarkoting tGam ta •nsu r• appropriata contènt and conslstant quality. Durlng rhe year we agreed 8 new partnership 8rr8ngement wlth FilmFixer to manage all comfflefcial fiFffling and photography optK>rtunities at Vision tsciliries. (Joveiailing viith Redbri(fge Council's own comract so that all sites across the borough are being srrongiy promoie¢J for tilming QPWrtunities. The Custotnet Supwrt and DigitalTeam wofks Vision to faciFitste acce&8 to (xji activities. events and facilities. handlirbg iyder1.500 tJ(K)kings. quefies or help requests pei rnonth acr(sss AnnLpI Repotr 2￿8124

Achievements & Performance Ihe organisation. The Team also has oversight of digital service delivery. identifying both efficiencies and improved online services for Custorners across Visions portrolio. Developmeni Ihfough the yeai included significant improvefftents to custotner apps in leisure and librafies. review of public vliti provision and netwoik infrasiructure. During Ihe year wie went live with o new Venue Booking system. Tracking This. Tracking fhis automates 8 large amtrunt of p￿viOL￿s manual work, such as Cfe8ting quores. sending oui payment requesrs 8nd eollecring deposit paymerkis. It also works bwith venue Managers ft)r scheduling ot viewing appointments and storage of irnportant booking documentation, The systern has allowed us to sgve admin rime in Ihe Custoffler Support Team arKI theiefoie the Customer Support Team ha￿ been able to lake on a Wl¢Jer remit across Ine or98nis8110n. During the year we further developed our leisure membership Otrer and OUT mobife app. laurtching a range ol new beneh'ts and forging new partnerships aCr(￿S the leisure sector. The app changes included: New aLJtomatic space alert notifications. which has helped reduced our class n￿shoW rate from 13% to 5%, ensuring more of our members get into our cla&ses. We be¢amo the first leisure trust in the UK to offer Gamification diffj¢tly in the app, our Initial focus for this was increasing tssa9e of our digitsl membership cards via our "plastle diteher" seheme. Sinee launeh hwe seen an inereasa in digktsi eard usaga ot 30%. We partnered with Endurance Zone to provide member rewards, with the system directty integr8ted with Gladstone Software. We have since seen an uplift in members requesting to upgrade to our Premier Membership. byith Premier Membership numbers up just over 28%. We rolled out an IVR into our central Customer Support Team which enabled us to monitor call volume. and ensure our custorners reach right place. We have continued to develop the Vision Events System. which is now able to send •utom3tic ernail reminders of events. We upd*td ptyment systsms 8¢ross the organisation to deliver l•)Wtr transaction lees and less dependence on a Single payment wovider. In December 2023, our new customer feedback system went14ve, initially at the Kenneth More Theatre. This allows us to gain walue audience feedback f rom all ticketed shows and visils to the Theatre. The teeoback uses the Govmetric plattoirn has now been rolled out to Paiks. wrth Libraries and Leisure Centres to follow latef in 2024. to give ongoing feedback from customers. asklng a con&"sient set of quesih)ns acfOSS 811 seNlces. The core questlons v41111)e enhanced wlth specific questions tallored to Ihe specific service or facility visited. The data cotlection will allowi us to identify issues in ieal tirne, bLJI also monbtor trerKls in feedback over a lotuJ period. 49 AnnLpI Repotr 2￿8124

Service Improvements & Future Plans Service Priority Development MaTk•ting Streamline all social medla accounts to ensure consistent postlng across all platforffls. M•iketiTrg Irwest in a rocial media plarlnlng tool to manage all plaff0rrT￿ and content rno efficientty Mxrkèting RÈvlew the wrpose of Do More in Redbridge with a possible rè-brand Mtheting Raise the profile of CtikJren holiday and regular aGriviiies with éi9it31 conteni in partnership with Child Friendly Redbridge Marketing To deliver rryarketing packages as a resutt of Wanead Festiwal sponsoiship de4s, Mark•ting Focuse(J markethng plan for Vion Venues 10 include key events to showcase nues mark￿l￿g To revlew Corporate &anding and Hainault Fofest branding guideline6 (1856 Café. Foxburrovis Bafn and event5 S•Thic• To develop the Primary Schools Network meetings across the academic year. Music Service Intensive recruitrnent of pupils throughout the summer term 2024 and into autumn 2024. Through advertiyng marketing in Wision venues raBing aware￿SS of clubs and loss￿S. Music Service DovgSowi@nt of waiting area which finks irth) the socurity of the buiklirg strlciing access ￿ the maln wts of the buildlng. Thls will requlie lundbng which rnay be accessed fr(￿ ffAt8mal sowCes/￿3￿tS Vocal Prwramme - durifNJ the next acadernlc year we wlll see the reiurn to Ihe Royal Albeft Hall lor the biannual CIN>ral Fesiiyd. Thls wlll be an opportunity 10 visit sehcds who are Cuftèntly not buyin9 in ar￿ an OPP¢)rtunity to otter support and guidance. Mus Developmeni of Muaic Technology piovi3ion in Schoola and ai Qui Gentrp. This viill possibly iDGlude DJ skills and souDd produGtion. There is also the F>tstèrbti#l for lihk up wo¢k with KMT th¢ work th¢y und¢rt*k¢ around sound. vocal Programme - dunro the next academic year we wlll see retLm to I Royal Albeft H&1 fof the biannual Choral Festlval. This wlll be an opportunity 10 visit schi)olg who ar8 curfofltty not buyiTh9 in and an opportunity to ottor support and guldance. Sorvie• 50 AnnLpI Repotr 2￿8124

Service Improvements & Future Plans Service Priority Development Llbrarfes Full4•dl CfO&S Library Refurbishment Librnries Appty foi luTrding to iJffrfel¢)p Ibtary evenis prog￿rnMe and tscilities LlbrBrfes Develop adult prograrnmes 10 encoufa9e book burowlrrfJ Cthure DfrYelopm•nt Appty lor extemal lunding to devek>p Outdoor Arts Ptograrnme Ensufc the Outdoor Arts Pfograrnme reflects the diversity of the community, Yiith a particular focu$ on under-represonted communities by prografnrning Black & Asian led arts organisations. rpfle¢tlng underrepresented artists S communities S engaging diverse audiences. Culture Dfrvalopment Cutture Development Develop engagement opportunities for undeirepresented communities syhlch includes SEND families. people with dlsabilities and young peopl Museum 5 H•rrta90 Service Complete the Ml￿um Redevek>prnent and tspen to the public Mu#•um & Herfts9e S¢rvS¢¢ Develop tempoiary exhlbltions and events p(ogiamme Mildmay Nursqry EXpans￿n ol the Nufsery to generate ad(Jitlonal Income Mildrnay NUr￿ry Refurblsh garden 8nd update play equI￿ent Schc>olx Lltxary Sfrrvice Dellvef the Reclbrldge Book Awar(Is SclY)ols tnry Service D8velDP business model I￿Ome generation opptsrtuniti8s: piDvKl8 a refieshed business model and plan 51 AnnLpI Repotr 2￿8124

Service Improvements & Future Plans Service Priority Development Colours of Re(Ibridge Apply lor ACE tunding for extension year Colours of Rodbridge LaUr￿h and dellver c(xnmunlty led cultlxe pro9ramrne Colours of Redbridgo IIiLIvdie LdPdLity uf yiuyrdiiiiiie Ikliveiy ie(1111 Colournof bridg• Devélop v¢lurttÈÈting OPPort￿ltIÈs Exp$nding our provision of theatre a¢tivty workshops for older membeE OT the community. including healthy activity through DancelrTM)vement 4¥orkshops delired in house Of at the venues Th•Jtros Th•atrns Coftiinue to t￿￿$ on Ihe dIVe￿ty ol tf theatre pfovision and review RDC Theatie Prcgfamme Continue 10 provide a more suainable ser4ice for the borough. led ucing use of plastic. continue vlith ￿r0 landfill. irKiease recycliDg. Moniior and en¢ourage use of transptrt travel to work. Theatres Increase the educatlonal delivery across the bocough arKI other boroughs. Investigate funding to provide and reinstate TIE presence wlthin the borough. Particularly focusing on social issues identified In the borough. such as knife, crime. dome8tK violence rnisogyny Th•8trns fease the pfovision of aciivffies duf ing the week days lor all mernbers of the communty particulaty in Ilford Th•atrns Increase reg￿ar weekday ewaning prOgr￿ming at KMT. Theatres To increase theatie membershlp take up Theatres To Gontribute iovRrds the Row Albert Hall in MarGh 2￿5 To develop Redb(idge Cieaies arKI to explore tounng productlons ar pantomimes and producirw in othei vEnues. with the airn of our first exiernal pantomime production on t¢)ur for winter 2025 Th•atres Leisurn Ilo&t a Naiional Lfague Athletics Meetfing ai Ash￿￿ Playing F￿l￿S in Juty 2024. Lelsure FacS1ities InstÉll assisted lifèguard technoltsg/ at Fullwell Cross and Mayfi'eld Leisure Centres. L8isurn Focifrties Refuibigh Fullwol Cross LgisutÈ Cèntrg ch8rying rooms. thiough ihg London B<xou9h ol Redbridge capital piografflme 52 Annual Repotr 2￿8124

Service Improvements & Future Plans Service.:. I, Priority Development Leisu FaeI15tles Oursource angling operations at Fairlop wate￿ wr(h new angling operator. Grow the L8R Swim Club to 225 li￿E members and hw4e Syl￿merS In regional galas. Fa¢iliti0S Lèksure Faeilbties ¥fi￿r￿ witn London BOfOLFgn 01 Redtsfidge on the relu1￿5￿MeTht and development ol Ihe new Wanstead Leisure Centre pool Fac51￿1• Work wlth London Bofough of RedbrKlge on the Lido project Lèisure Facilmes Install new furniture at Faiflop wers 8oat House afKI Hainault Forest 1856 Cafe. Leisum Facilities Mfft membershlp and s￿ImmIng lessons frcxn DFC to Gladstone In Septerrthr 2024. LelsLwe Facilities ogramme of iedeeoration across gyrns Ashton Play'n4J Fields, hall. L•isuf• Ficilltleo Inst811 pool cover at Mayfield Leisufe Centre thI￿gh Sport England grant Iwtdhng. Supw)rt/manage the delivery of capiial Improvement byorks ¢)n behalf ol Redbridge Council including: Redbridge Cycling Centre roof Fvllwell clo￿ Lei8yre Centfe Changing Ro¢rns Cenird l Library Customer tthlei irnprovements Re(Jbridge Music Service window replacernent Leisur• F8¢iliti•8 Faeilities Complete Central LI￿ary CCTV and a￿esS control rfrplacernent Leisure FaGilitie$ Introduce AN PR parking at Mayfield Lei￿re Centre. Lelsurn Fa¢ilitle8 Fairlop Outdcpor Activity Centre to host kayaking and canoeing lor Lorkdon YoLrth Games evenis in June 2024. Health S w911t￿ing Secuiè a further 12-rnonth extension lor the Musctsthkeletal contract, Homes 4 Ukrainp and Mgga / Mini Mix. 53 AnnLpI Repotr 2￿8124

Service Improvements & Future Plans Strrvice Prfority Devèlopment H•alth & VlellbeiThg Iderrtify alteinative use optEons for Mlldmay House ènd deweltsp proposals/business case for Redbridge Council¥ consideration Hg8lth & Wellbeing Upde the 6n¢lusion cfJterla for the Exerclse-on-Referral scheme to manage demand and maintain a high stsndaid of service. Health & Wellbeing Improve pathway3 Within primary 5Ghools to inGiea5e ieferra15 for AGtive Stars. Health & Wellbeing Pilot a new check-ln service fof gfOUP exerclse classes at South Woodford Libtary & Gym. Héalth & Wellbeing New Holiday ActivitiÈS Programme at Littlè HÈath Sthool {Sports Stars). H￿1th & Wellbeing A new Walks for Wellbeing Walk Programme and new cornmunity classes f or older people Hainault For¢t At Hainault Forest, continue with the delivery of the Activity Plan. This will include providing support in the development of the skylark protection zone for this ground nesting Schedule I protected species. Parks Operations To further develop the project to Improve ciicket tscilltbes wlthlrb our parks and open spaces. Fairlop Wate Tc work in partnership with the London Borough of Redbridge to develop the masterplan for Fairlop Waters Country Park and ro continue to improve and develop ecology. exisiing use ?n¢ income optimis8fion, To develop our events programme in parks and encourage more people to come to the borough to enpy both communlty and commerclal Ents. Fo¢d S TO develop our tood and beverage offer across Hainault Foresi, Fairlop Water and key Vision Venues. Executi Introduce cu*omer feedback sup4eys In parks and open spaces, Libraiies and Leisure Centres. Executivo Deliver a newy Equality. Divetsity and Inclusivity strategy for Vision Exe¢uti Work with Redbridgè Council to secure investment and complete hgritagè capitsl 1mwov￿nOfftt ¥VOfks to Valontinos Mansion AnnLpI Repotr 2￿8124

Service Improvements & Future Plans Service Priorrty Developmènt Executlve Complete the revie••V and refresh ol S8legu¥rding pro¢¢sses. polScte$ and procedures Customèr Support S Digitsl omplete in-sourcing of Dlrect Debit management an¢ processing Customer Suprxjrt & Digits¢ Introduce customer leedback surveys in parks and open spaces. Llbraries and Leisure Centres. Cu&torner Support & Digitsl Centralise membershlp admlnlstration and sales withln the Customer Support Team. 11 q/ 55 Annual Repotr 2￿8124

Errrfironmental Responsibilrty & Susutainability This year $8W the F8uThch of Vision's Sustainability Siiategy and Y￿rk cofflmenced on implementation Of the aGtion plan to achieve our goal ot reaching net zero by 2050. Our bJseline C¥fbon footprint for the luel and energy that we directly use in our operations has been reduced by 1.443 tonnes Irom 4,409 tonnes. The use of both gas and diesel has ieduced, and an additional 2ero-rated bÈornass Ix)ilvi 11¢15 Luiyi¢ uri stl¥¢irii. Vibiuii Ii¢lS ¢ilbV iiiUV¢LI ali of its electricity suppty to green tariffs. Three films. ether with media s ments, were roduced o raise aware- ess of Climate Chan e. Vision's Sustainabili trat and Nature and Conservation Smart electricity meters have been Installed and comprehensive surveys have been undertaken on all gas and *vater meters, with the cost of mpr<)vement plans identth"ed. nufflber ot grant applications were subrnitted. aThd Vision was successful in securing tuThding for new Pcpol coveis at Mayfteld Leisure Centrè and Independent Energy assessments at the Central Library. Fullwell Cross Leisure Centre and Library. v￿hIch will provide costed Improvement plans. re 56 AnnLpI Repotr 2￿8124

Financial Review 2023/24 57 AnnLpI Repotr 2￿8124

Financial Review 2023/24 For the financial yeai etKled 31st March 2024. the Management Fee received from the CounGiI Gontinu es to be a key. source ot funding for Vision. The total M3n3gement Fee received In 2023/24 was £9.340.000: this was £685.000 more than the previous year. after the delivery of agreed savings and an Inllatlon increase based on CPI of 10.14%. This irtrease vias mainly dtse to the CPI ol 10.1% compafed to tht previous year of 3.1%, although in reality there is a lag to the inflation being applied and this has proved to be a challenge to in keeping pace with inflation piessurets. The Management Fee ill increase in line with September CPI of 6.7% in 2024/25. The total Customer income generated from Oire¢t Services in 2023/24 wats 92,498.000. This was a significant increase froffl the previous year which generated £10. 229,000. The increased iThcome is ettributable to a rise in tees and charges to refleci Ihe rillg cosis of service delivery and volume growth. Furthermore, Hainault Forest cafè. which had a full year of operation. added ovei E700.000 to the revenue lines. Revenue Increases have moved signlff cantly to reflèct 3 return to pre-covid levels with a significant growth in Membership. Theatre and Halls incorne. However. the cost-of-service delivery Is still a major challenge tor the industry. Tne revised Funcjing & Management Agreement has notably de-riskecj the W1sion Local Government Pension Scheme (LGPS) liability as any pension dehcil is now matched by an equivalent asset. • AnnLpI Repotr 2￿8124

Financial Review 2023/24 Statement of Financial Activities (SOFA) An ¢)vÈr811 net deficit of £317,000 has bÈÉ¥n rècorded for 2023124 within the UnrÈ8tricted (G ene ral) Funds alter a conrribLJtion of £IOO.000 was made to cater to the rising cosr of maintenance, repairs, and renewals. This has resulted in a decrease in the General Fund Reserve froffl £516.000 to £1g9.lX￿. The Charity continues to face numerous ongoing cost piessures relating to supplies and Servi￿S, rnaintenance contiacts. as y￿11 as all building related work. Theie ale also escalating salary costs. the pressure of funding the London Living Wage on non.management tee services, plus a signifi'cant increase on costs for Ihe small number of facilities that ar8 not in the ftied price utiliiy contraci, Vision and Redbridge Council hwe reached agreetnent to fully tund the National Living Wa ge costs and the transition to the London Living Vrfage in 2023/24. In practical terms. all Vision staff curienily bei ng paid £11.95 will be paid £13.15, The Council will add a of approxi- m2tely E1,100.C>QQ to the managerThent lee with Vision then becoming solely responsible for any ir)¢(eases frorn 2025126. AnnLpI Repotr 2￿8124

Financial Review 2023/24 Trustees are responsible for identitying the slgniftcant strategic and operational risks to which VIEAon is exposed arkd for reviewing the systems in place to mitigate those risks. Following our establishfrd Risk Management arrangements. the Risk Register is presented to TrLSsiees on a six-monthly bgsls, enabling Ihem to retain focus on the key strategic risks that the Trust tsces. The r1e￿ Medium-Term Financial Han and Budget Strategy, along wtth the Risk Register. will address all of the risks frdced by the Twst outlined below. The principal risks currently tsced by the Trust as identrfied in Ihe Risk Register are". (i) Contract with London Borough of Redbridge Beyond 2026 Discussions with the Council have taken place to discuss their future strategy for alF the Vision services. A Prior Information Notice was published in June 2024 that will lead to an a&8essment c>f the rnarket. followed by a Cabinet Report in the auturnn. recommending the f ulure direction for contracting arrangements. Vislon Is the only Lelsure and Cultural Trust deliverlng such a broad range of sepdices and the Indication is that the Council will want to retain the grouping. It is hoped that the result will be negotiats.ons Ihat lead to a new long-term agreement, (li) Financial Stsbility A slgnihcant amount of work has taken place to analyse all Incorne streams and lutLJre income projections with manage¢ across the ¢ompany. A similèr exer¢ise ￿ats also done in relaiion to expenditure ar)d employee costs that teed into the pressurès in the Me(Jium-Term Fingncigl P18n. The challen9e is around the funding of the future costs of the London Livlng Wage following the addition of over ￿.1M of additional management fee income frcyn the Council. Wision v￿111 be requiied to furbd all future increases ftom the annu31 CPI incieases to the managetnent fee. AnnLpI Repotr 2￿8124

Financial Review 2023/24 {Iii) Recruitment and Retention Thete have been signifi￿nt improvefftents in the last year but there are two roles where recruittnent is still a ch311enge. These include hospiiality ioles. airho ugh ir 3 ppears that vacancies have ieduced. and Lifeguards. Recruiting lifeguards is a major diffi'culty and we are c￿rrentlY using manageis and casu31 staff to cover. In the autumn. new Al iechnology w Ill be introduced to assist Lifeguards signifi-cantly. This will also increase the svyimmer to lileg uard ratio m¢¥nlng that thr¢e full-time lifegvaf¢J posts Will no long¢r be requir¢d, (Iv) Health aThd S8rety pro¢e¢Jures Health and Safety is an ongoing fisk that is taken seriously and managed or) an ongoing basis. Mitigations in place include the Corporate Health and Safety group. the operational Health and Safety group, both of which are supported professionally by Ihe NFU. A foimal tevieyy of the Health and Satety manual is in progress and a new training prografflme has also no been estsblished. (iv) Safeguarding Procedures A new corporate safeguarding policy has been put in place and an extprnal safeguarding rewiew is planfted lor the surfimer of 2024. Safeguardlng training has been set tsp tor all staff. casuals and volunteers. and there is a nominated senior manager safeguarding lead to oversee all safeguarding arrangements and who Itnks with the Local Authorily Designated oth.cer (LADO) and other agencies as requifed. Vision's Chief Executive sits on the local strategbc safeguarding board. (v) Data Govern￿ce and Cybercrime Given the increasjng threat of cyber-crime and complexity of data in an ever increasl ng digital world, vfft are continuously reviewing our arrangements and working wilh pann￿$ to strengthen OLJr approach and risk of attack. We are providing ongolng trainlng arH3 support to statt arou nd good data governance. AnnLpI Repotr 2￿8124

Financial Review 2023/24 The Medium-Term Financial Plan (MTFP) and Going Concern Judgment The Charity continues to face a number of ongoing cost pressures as well as challenges to generate significant additioTral incotne in non-rnanagement fee supported services, particul8tty Leisijre Centres, Theatre and Halls. Vision and Redbridge Council have agreed a position to fLtlly fLJnd Mstional LFwing Wage costs and a sum of In exce&8 of £l,100.000 wlll be ad ded to the management fèe in 2024125. The MediLm-Term Financial P13n has been managed carefully and as a consequence of the uncertainty ot income streams and salary and inflaiionary pressures, a ne4Y iteraiion that retlects the risks above was presented to board in June 2024. The Trustees have further considered the Charity's budget plans and income projection scenarios and it is anticipated that with controlled expenditure and a proauive approach to income geneEation. a positive outcome will be achieved in 2024/25 and beyond. and thai the Charity will be able tc meet all debts as they fall due. Following this Prudent approach throughout the year and the cautious approach Into the next 12 months. it is the Trustees. view that Ihe Charity is able to continue as a going concern. AnnLpI Repotr 2￿8124

Financial Review 2023/24 Asset Management F¥Diecring and maintaining the properry and equipmenr porttolio Within the rerms ot the Council contract remains a challenge. The annual "Maintenance. Repaifs & Renewals. {MRR) allocation Wilhir) the Management Fee is restricted for these purposes. This level ot furèding available rernains a challenge viith an ageing property and asset portfolio. but eou311y the potential impact on existing and future income streams is a key consideratlon as mainiaining facillties that residents want to Use is essential in attracting arKI reiairiing customers, as well as mÈeting Ouf health & safety tsbligations. Balance Sheet The Net Assets held as of the 31st March 2024 is £1.018 million. The decrease is the result of a £317.000 nei drawdown on general funds and a net movement In festricted funds ot £13.000. The Ilve-year contract with the London Borough of Redbridge inc ludes a guarantee tor the pension liability Y¥hich allov¥s Vision to recognise an asset to off set any pension dehcit, rernoving the risk of the pension liability from Vision'5 books. There has been a decrease of £463.000 In Net Current Assets (£41.000 in 2022123 ro £422,QQO in 2023/24). The current (atio has decreased to 0.8Q compared to 1.0 in 2022123. 2•?1 ej> Undei the terms ol the Funding and Man•9ement Agreement. the two crltiul rlsks to Vision of an incre8se in the employer contribution rate and an exil payment have been addressed and the Courbcil will reitnbunse Vision for both. AnnLpI Repotr 2￿8124

Financial Review 2023/24 Reserves Policy The Reserves Policy was reviewed by the Audit Cornmittpe in September 2022, and it 4V85 decided to increase the iaiget Rese￿eS ttom £750.000 to £l.000.000 and to build towards creating a designated fund of £250.000 to fund all associated costs relati ng to bidding f or the Contr8et in 2026. Board agreed the change in reserve policy in September 2022. Although VISion and the wider irtdustry face unprecedented pressures. the wsition of the Board has not Changed towafds thFS target in the lon9 tefm. AnnLpI Repotr 2￿8124

Statement of Trustees, Responsibilities The Trustees (who are also the Directors of Vision Redbridge Culture & Leisure for the purpose5 of company13w) are responsible for preparing the fi.nancial statements in accoTd8nce with applicable law and United Kingdom Generally Accepted Accounting Practice (UKGAAP). in particulai FRS 102. The Companies Act 2006 requires Trustees to Pfepare financial statements for each finar)cial year that give a true and (air view of thè state of affairs of the charity and of the incoming resources and ?ppli¢8tion of resourc¢s, ir¢luding the Inoome and expenditure, for t￿t y¢or. In preparing these nnanciai statements. Trusiees are required to: Select suitable accountlrig policies and then apply them consistently. Make judgements and estimates that are reasonable and pwdent: and Prepare the financial statements on a golThg ¢on¢ern basis unless it Is inappropriate to presume that the Trust will continue in business. Trustees are responsible for keeping adequate accounting records which disclose with rÈ8Èonable accuracy at any time the financial Position ot the Trust arbd ensuring that t he Fir)ancial Siatements eomply with the Companies Act 2006. They are also respoThsible tor Ihe safeguarding of assets and hence for taking reasonable steps for the pieventFoll and detection of fraud and other irregularities. In so f ar as the Trustees are aware: There18 no relevant audit inforniation of which the Trust'8 8uditors are un8w818: and The Tru*ees have taken approprlate steps to identty such relevant information and to estsblish that the auditors are aware of that Information. The Trustees are responsible for the maintenance and Integrity of corporate antJ flnancial Infomation on the Trust's website. UK legislatiort goverrting the preparation and ¢Yissèmitiation of financial siaiemenis fft8y diff er from legislatK)n in othei lurisdiciions. On behalf of the Board of Trustees: Trustee Trustee The Trustees. report. Including the Strategic Report. was approved by the Boafd on 12th Septefflber 2024. AnnLpI Repotr 2￿8124

Auditors, Report 2023/24 AnnLpI Repotr 2￿8124

Audrtors. Report , INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF VISION REDBRIDGE CULTURE & LEISURE Opinion We have audited the financial statements ol Vision Redbrid9e Culture & Leisure ('the company.) for the year ended 31 March 2024 vihich comprise the siatement of Financial Activities. the Sutnfftary Income and Cxpenditure AGGount, the E3alanG¢ knTrh¢et, Ihe Cash Flovv Statement and notes to the h-nancial statements, including Signifi.￿nt accounting policies. The h-r)a ncial reporting f ratne40￿rk that has been applied in their prepaiation is applicable law and Unrted Kingdom Accounting St8nd21ds, Including FRS 102 'The Firbanci31 Reporting Standard Applicable in the UK and Republic of Ireland, (United knngdorn Generally Accepted AccouThting Practice). I n our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and applicatitsn of resources. Including its incorne and expenditure. for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounti ng Practice: and have been prepare(1 in accordanGe with the requirements of the Companies Act 2006. Basis for Opinion We eonducted our gudtt in accordance with Intemational Stsndards on Auditing (UK> (ISAS {U K)) and applicable law. Our responsibilities under those standards are f urther described in the Auditor's Responsibilities ft)r the audit of the financial ststèmènts section of our report. We are independent ofthe charltsble cornpany in accordance with the ethical requirements th* are relevant to our audit of the financial ststements In the UK. includlng the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropiiate to provide a basis fry our opini￿. Conclusions re18ting to going ¢oncern 1 n auditing the tinancial statements. we have concluded that the trustees, use of the going concern basis of accounting in the prepatation of the ftnanci31 statements is appropiiate. Based on the work 4ve have performed, we have not identified any material uncertainties relating to events or conditiorks that. individually or collectively. may cast signtficant doubt on th9. ph2rit2blg cnmpany'.% ability to rontinLJP 2% 2 going roncfvrn for a ￿rI0￿ of 2t1È3st IwÉlv@ rnonths t(om when the financial statements are authorised for issue. Our respongbilities and the resp)nsibllities ol the Irustees with respect to going concern are dfrsctibed in the relevant sections of this report, AnnLpI Repotr 2￿8124

Auditors, Report Other information The other inform3tion comprrses rhe intcrfrrbati￿ included in the fepori, otri l￿ft the finartkql ststeM￿Trts ancl w audltor's rep(Kt thereon. The trv#ees are resFonslble for the Olhei Information contspned within tl annual report. Our owArJTh on the financ41 statements does not cover the other intNm3tion wd. oxcepr ro Ihe exteni othervAse explicttly state(1 n our reFK>rt. we do not express ￿ ftxm Dr assurance (x)nc4us¥on t￿reOn. Our rEsponsibiliry rs tt> read the other information and. in doing $0. consider whethef the other iThform?tr'on is maieri311y Inconsistent W1th the fiftanci31 statemeftis or our knowledoe obtained In the couise of the audit or otherwise ￿P￿￿[S to be materihlly misstated. Ir identity such fnatEtrial inconsi stenci&s 01 app8(ent rnaterlal misstaiements. we are required 10 detef mine vthether there is 8 matefial misstatement in the financial statements themselves. If, based on the vvork Ive have perfofrned. we conclude that there is a rnaterial misstaternent of this Oth￿ information, we are required ro report that facr, We ha￿ nothing to report in this r¢9ard. Opinions on other matters prescribed by the Companies Act 2006 In our opiniDfb. based on the V￿rk urKleftaken in the Coufse of the aLMYit: The inforrnatbon given in the strategic report aTrd the trustee8' annual ￿POrt fDr the financial year for which the financial statements are prepared is GlXlSiStent with the finanGial statefnents: and the strategic report and the trustees, annual report have been prepared in accordance with applicable legal requirements. Matter8 on which we are required to report by exception In the light of the krH)wledge and urKJefStanrfing of ttr￿ company and its environ ment obts ined i the course of the 8udit. we have not identffted matenal misstatements in the strategic report Dr the tiUStees' annual repori. We have notfwng to report in ￿ spect of the lollowiro matters wtrEre the Companies Act 2006 requlres US to report to you tc In our opinlon: Adequa¢e accounting records have not been kept. or retums adequate for our audit have r￿t been received from branches not visited by us: or the financi4 ststements are not in agreement with the accounting records and retums: ( certain disclosu￿S of trustees, rernuneration specified by law are not made: Of ¥ve hw¢e not r￿1ve￿ all the information and explanations we reqLire for our audit. Responsibilities of Tru8tee8 A5 explalrped rnore lulky in the trustees. resFK)nsibilities staterneDt sel ¢)ut on page 65, ttr￿ Irustees (who are also the directlys of the charitable company t(y the purposes of ¢Mipny lv) 8r• r•spoThsible tDr the p￿pardtiOrn of thè financial statements and for being satisfi'ed that they give 3 true and tsir viow. and for such intemal control as the Iru*eesdetermine is n8cessary to enable the prepa￿lOn Gf financ￿1 statements that are tree from matefial misstatement. vihether due to fraud or error. AnnLpI Repotr 2￿8124

Auditors, Report I n pro￿¢1￿9 the fin$ncial st¥temÈnts. the trustees ¥Te rosptsrbsiblt for astsessirtg the ¢harit4blè eomp&ny's 8bilFty to continuè as a going eoThcein. disebosing. as applicable. mattèrs rel8ted to going concern and using the gDing concern bssis ot acc(￿ntIftg unless the trustees either intend tts Iiqudciate the charitaijle ccKnpany or to cease operations. Of have no reall￿ alternative but to Jo so. Auditor¥ responsibilities for the audit of the Financial Ststements Our objeciives are to obtain re3s0r￿b1e assurance about whether the financial siaterThents as a whole ie free f¥om material misstatefflent. whether due to fTaud ot ertor. and to issue èn auditor's iepoit that in¢lud¢? our ¢pinion. Rea4¢neble o&yron¢e la o high level ol afaknThurgn¢¢. l)vt fbQt • gv?ront¢¢ Ihot Èn audit tondutted aeCOrdarttÈ vdith IW (UK). wiill alvlay& detèct a matèrial ffiiSStatÈthent whe It Éxists. MiSStatÈmènts Can aiisè trom fffdud or e¢fO( Ènd afe eonsidÈiÈd material Il, Individuèlly or in aggie9ate. they could reasonably be expected to influenee the eeonomic decisions of users taken on the basis ol these hn8nei81 statements. As part of an audit in accordance with ISAS (UK) we exercise professional judgement and rtk3intairb proression81 s¢epti¢ism ttsoughoul the audit. we also; Identify and assess the risks of material rn1&StateTh￿nt ol the fi.nancial stements. whether due to fraud or errof. design and perform audlt procedufes responsive to those risks. and obtain audit evidence that Is sufficient and approp(iate to provide a basis for our opinion. The risk of not detecting a material Trisststement resulting from fraud is th￿her than for one resulting Irom eiirji, ab fidud ITiay iiiv01￿ £•ullth%ioii. foig&iy. inteiitiundl Qmib&iun4. llli51wesentaLioiis. vr tlig override of internal control. Obtaln an unde(8tsnthng ol knternal ¢ontrol Telev￿1 to the audrt In order to deslgn a￿111 5xocedure6 thst are èppropriate in th• citcumstaneès. but not for thè purpo$es of exprtssins an opinion on the effeCtI￿neSS of the charitsble company's Internal Cont￿1. Evaluate the appfopriateness of accounting policies u sed and the reasonableness of accounting estbrnates and related disclosures made by the trustees. Concludè on the appropriateness of the trustses. use of the going concern basis of accounting and. based on the audit evidence obtainèd, wheth&r a material uncertainty exists rolated to events or conditions that may cast significant doubt on the charitable company's obility to contIn￿e as 3 golng concern. 11 we conclude thai a mater￿1 uncertainty exists, we are requlred to drayi attention in our auditorfs report to the related olisck>sures in the fi'nanGial staternents or. rf such discloswes are inacl8qUate, to modity our opinton. Our conclusions arè based on the audFt evidenc8 obtsined up to the date of our 8udiiorÈ report. Howevèr, future events oi Cor￿ itions may cause the charitsble company to Cease to continue as a going £4￿cern. Evaluate the over811 presentat￿n. structure and content of the financial statements. Tncluding the disG106ure5. aTKJ wherhei the financial statertbents repfesent the underlyirv3 transaGtion6 and events in a manner that achieves fall wesentation. We Gommyni¢e 4Yith those Gh?rge(I with governpn¢e fepr¢Jing. omong other rn?tteT5. the pl¥nnod scope and tim4ng Df the audii and signifi.cant audrt fi.ndings. including any sigThiticani deticierKies in intern81 ¢ontrol that Identrty during oui audit. AnnLpI Repotr 2￿8124

Auditor¥ Report Explartatitir) to what èxtÈrtt thè Audit waÈ eOh&idérèd eapabablè of dètèetirty Irregularities. Includin9 fraud Irregularities. including fraud. are instances of non-compliance ¥yith laws and regulati ons. We design ptoceduies in line with our Fesponsibilities. outlined above. to detect material misstatements In respect of Irregularities. Inclu4Jing f raud. The extent to our procedures are capable ol detecting irregularities. including fraud is detailed below. The objectives of our audit in respect of fraud. are; to identity and assess the risks of material mi3StaietTrent of the finoTrGièl ststements due to freud- to obtoin 3uffiGient ¥ppropriate su dit evidence regarding the assessed risks of material misstatement due to fraud, through desi gning and implementing appropriate responses to those assessed risks- a nd to respond ap prO￿latelY to instances of traud or suspected fraud identified duiing the audit. However, the primary responsibility for the prevention and deteciion of fraud rests with both management and those charged with governance of the charitable company. Our approach was as follows: We obtained an understanding of the legal and regulatory requirements a pplicable to the charitable company and considered that the most signifi'cant are the Companies Act 2006. the Charities Act 2011, the Charity SORP. an(1 UK financial reporting standafds as issued by the Financial Reporting GounGiI. We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance. We assessed the risk of material misstatement of the financial statements. including the iisk of material misstatement due to fraud and how it might ¢xcur. by holding discussions with management and those charged with governance. We inquired of management arèd those charged with governance as to any knovin instsnces of non-complianee or suspected non-cornpliance with laws and regulations. Busod cn this undcrstanding, wc dcsigncd spccifi'c appropriato audft proccdurc8 to identify instances of non-cornpliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining addttional corroborative evidence as required. AnnLpI Repotr 2￿8124

Audrtors. Report There 8re inherent limttations in the audit procedures described above. We are Eess likely to become aware of instances of non-compliance with laws and regularions that are riot closety relaied ro everns and transactions reflected in the ftnancial statements. Also, the risk ol not dereciing a m*erial misstatemerbt due to fraud is higher than the risk of not deteciing one &ulting from errol. as fiaud may involve deliberate concealment by. tor exa mple. foioery or intentional misrepresent81ions. or rhrough eollusion. Use ot our report This report is made solely to the charitable company's members. as a body. In accordance wrth Chaptei 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those mattels we arè iequired to state to them in an auditor's report ar￿ for no other purpose. To the fullest extent permitted by law. we do not 8ecept or assume responsibility to any party other than the ch8ritable company and cha ritgble company's members as a body. for our audli work. for this report, or for the opinions Ive have formed. k¥¥AAL Andrew Stlckland (Senior Statutory Audltor) foi and on behalf of Moore Kingston Srnith LLP. siatutory Auditor Date: 4 October 2024 6th Floor 9 Appold Sireet London EC2A 2AP 71 AnnLpI Repotr 2￿8124

Financial Statements 2023/24 72 AnnLpI Repotr 2￿8124

Financial Statements Statement of Financial Activities InGluding Income and Expenditure Account- Year ended 31•t March 2024 Unrestricted Funds GeDeral De￿nate(l R•strict Tor81 Funds Funds F￿d• 292a124 20221Z3 £000 £00￿ £OQO'¥ £OQOS CharitablE ACti￿lIeS ' Di￿[ Sefvicgs 12.498 10.229 ' Gfents eTrd ContributK)nS . M3h8gement Fe . Olher Irbcijrne 1.748 8.229 495 21.222 1,111 8.655 617 21.287 495 2,￿ 24.081 cri41 &iafJl¥ A¥liv Iiies Culture and Llbiafi¢S . Paiks and Open Space3 . Spon and Leisure 3.258 10.036 8.404 5,022 7.790 1,093 8,883 8,357 Totsi 11480 24,411 22.797 N•t Ir•coTrvI (EAp•nditur•) b•for• TraTh&fer8 1.742 (2.OT2) (330) (1,510) (2.059) 2.059 N•t Ir•cam•l (Exp•nthtur•) •ft•r a) (330> 11,sio) tu¥i81 ILosrA%)I C￿￿8 on Defined BeTrefft PeThS￿n Scheme3 N•t Mov•m•rt In FuThdB (13) (330) (1,510) Jji. Ilk" Total Funds &ought ForwArd S16 832 Total Furds 1.348 73 AnnLpI Repotr 2￿8124

Financial Statements Balar¢ce Sheet - (As 31st March 2024) •t M•rGh 2024 Bt March 2023 Mot• 000 Éooo& Fixe(l tsltts Tangible Fkxed Assets 12 1.307 Curr•nt Awls Pen￿On Stock Debrorsl Prepayrrben Cash at and In Hand 16 1.192 Trt81 Currnrt 1.651 2.314 Li•biliti•s Credrtijrs: Amunts Falllng Due Within 15 2.073 2,273 Plet Currnnt (422) Tat41 Awts L• Cwrant Liabiliti•s 1P18 Provision fof Liabiliiies: Defi'ned Benefit PenS￿n Schtthè 16 I,Q18 1.348 Th• Fund••f th* Chrity GeTh8ra Fund Desiwated Funds De$l￿18￿d pen8i)n 516 R￿Elbctod Fwbds 18 819 832 I,Q18 ThB Fina￿la] Stateménts Y￿rE approved by the Boafd Df Trustees and authorised is8￿ on12th Sept￿bar 2024 and si ItrBd on theif behalf by. Trustee Trustee 74 AnnLpI Repotr 2￿8124

Financial Statements Cash Flow Ststtmèrtt - (Yèat èhd 315t Marth 2024) 2023/24 £ooo'$ 2022123 £OCQs 311 1863) Ca•h Flvel frgm Irp4•¥ting Artiviti•# • Inieiest Recelved 25 10 . Capiral expgndiiure Increase (Decre￿) In Cash Sn Year (647) (373) (1,500) Ilots i . R•eon¢lllatlon of Ca*h Flow Net IncomiTrg Resources alter Trnnsfers tjeftned Benefi't Pension Charge Delned Benefi"1 PenAon Coniribuiions paid (330) (1,510) Inierest Rocewe (25) 110) (4) Decrease {Inciease) In Stock Decrease (Inciease) In Debtots and Prepayments Incrca•c (Decre￿e) In Cie {479) Deprectalion 557 Net cash Flow frorn OpBrating ActivitTres (311) (863) 75 AnnLpI Repotr 2￿8124

Financial Statements 31st March 2023 Mo%wTrert In Year

lst March 2024 Ilote11- An*lysl$ t Cash and Cash Equivalfjnts C88h at Bank 8nd In H8nd 19 Shott-Terrn Deposits Tr8 (392) Totsi (373) 430 2023124 2022123 £ooob Ilots iii . RecoTrcif￿tloTr of Cash Flow to Movernert in N•Q Funds Increase (Decrease) in Cash in the Yeai (3rd) (1.500) Movement ifb Net Funds ITr the Yeai (ard) <i,soo) Opening Net Fuftds as at 1st Aprll Closing Met Funds as at ¥1st March 803 AnnLpI Repotr 2￿8124

Notes to the Financial Statements 2023/24 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Notès to Firtaneial Statèmèrtts (Yèai èrtdèd 318t Mareh 2023) Note 1- Accounting Policies B?5is of Accounting These Financ 131 Statements have been prepared under the historTcal cost corwention and in 3ccordaThce with the Charities Statement of Recommended Practice (SORP) (FRS102) 4which is the applicable Financial Reporting Standard in the UK and Republic of Ireland and th e Companies Act 2006. Vision is a Public Benefit Eniity as defined by F RS102. Going Qonurn Owing to the ongoing cost pressures, as well as challenges to generate incorne in non- management fee supported services (particularly Leisure Centres. Theatres and Halls). the charity ended rhe year wrth a loss on ils 3Ctivities of £330.000 and a net current liabil1t￿S position of £422,000, The principal income stream fof the charily is the management tee trom London Borough of Redbridge (-the Council") which is contracted until 31 M8rch 2026. which increases by CPI. from April 2025, mitigating in11ationary pressLJres. The charity has also secured agreement frorn the Council that the Council will. from April 2025. increase the management fee by a further sum to stave off the impact of the Inr.rp.as@s in thg Lc)ndnn Llving Wagg. .8hartly aftpr thp ypar gnd, thp ngxt iri8talmp.nt r)f the management fee for the comirkg year VRS received. restoring the net current assets P0S4tion. The Trustees have revi￿ed management's forecasts and income projection scenarios and are confident thot with controlled expenditure. and a proactiwe 3pp(oach to income generation. a pog'ts"ve outcome will be achieved over the course of at least 12 months following Ihe approval of these ftnancial statements and the Trustees are satisfi'ed Ihar the charily v¢ill be able to meet all debts as they fall due. Given the above. the trUst￿S continue to adopt the going concern basis in the preparation of the financial statements. Etstimatsts and Judgemtnts In applying the Accounting Policies, judgements, estimates and other assumptions are iequlred to be rn8de regarding the carrying amount of asseis and liabilitles, where preclse irblo rmation is not available. Significant examples inclu<Je the estifflates and assufflptions Ihat underlie the Pensions data used within the Statements. whereby the piofessional services of a qualified actuary are eommissior)ed. The carryingvalues of Fixed Assets also relyon a number of assumptiorbs. including the Useftjl EcoThomiC Lifè (U EL) of irbdividual assets. with judgemènts based on historical experien¢è. Actual results may difler Irom esiimates. Ouisrancling debt Is reviewerj annually foi its collectability based on experience and specific lnielligen￿. ¥Vilh adjustments made accordingly to a Bad Debt Provision. to determine the ¢8rrying value ot Oebtors on the Balance Sheet. Estimates and assumptiorbs gre reviewed on an ongoing basis. Revisions to 3ccounting estimates ale recognised in the accounting period in which the estimate is revised where Ih e revision only affects that period, or in the period of the fevislon and future periods where th e revision affeGt6 both current and futuie periods. 78 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Incorne from Charitsble Activities Income 15 received from thiee fflajor souiCÈS: Diract Services Ineorne This is income generaiea by the tscll6ties rnanagecl ty Vision In the form of fees and cha rges and are recwnised as services delivered. All direcr services income is credired to the Statement of Financial Activities on an accrual basis. I ncome for annual mem berships is accouThted for over the membership year. with amounts ielating to future accouniing periods beinq defeired and held on the Balance Sheet as Deferred Income. Management Feè An annual Management Fee is received from the London Borough of Redbridge compiis- ing two componènts - -Restricted Funds- and -UniÈstricted Fu nds-. RestrictÈd Funds mainly ielaie to the Maintenance. Repairs and Renewals Fund (MRR). which is used for spending on assets used by the Trust. but rem3ining in the owlnership of the London Bor- OU9h of Redbridge. Grants and Other contrib￿10￿3 Grants and other contributions are recognised in tull in the Statement ot Financial Activities in the year in which they are received. of in the case of grants with a&s¢ciated eligibility eri- teria. in the year i n wihich those critéria are satisfi'ed. Where entitlement to grants ree&iv- able is depeThdant upon conditions within the charity's control, the Income is recognised when there is sufftcieni evidence that conditions will be met. Whefe there is uncertainly as 10 4vhether the charity can meet such condittons, recognition of the incoming resource is deferred. Expenditure on Charitsble Activities Expend iture is accounted for in the Statement of Financial Activities on an accruals basis. being recognised in the year in vdhich it is incurred. Expend iture is incuf red on the costs associated with the organisation's charitable activities. Ch8 rltrble ?ctivlties pxpenditvre can be further sub-divided as follows: Direct Servlce8 Expendlture Expenses Incuired on the defi.ned ch8rltable purpose of the Trust, including staff costs aiiributable to the activiiy an(1 monagemeni of the lacilities. Grant Funded Activities Expenditure related to a¢tivitEes vvheie the associated income has been ￿ceiVed in the form of a grant. Othor Ewonditure Relates to support costs such as general administration. management and irrecoverable ValLJe Added Tax (VAT). Allocation and Apportionment of Support Costs SupF)ort costs are allocated to operab.onal serrfices on a basis most consistent with thè use Of resouices. 79 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Notè 1- A¢¢ounting PolSclès eontinued Financial Instruments Wision onty has ff nancial assets and ftnancial liabilities which are e13ssified as -Basic Financial INstiumerhts- under Section 11 of FRS102. The financial Instruments speciftcally Bank Depjsits, Cash. Cieditors and Debtors are initially recognised at their transaction value and are subsequently tneasured at amortised cost. where applicable. Tangible Fixed Assets The land arbd buildings at the centres managed by Vision are effectively leased as part of the contract with the Council, bLrt the Council retsins the ultirnate risks and rewaids of these assets. Accordingly, the access Vision has for these assets is to enable it to operate the activilies 8nd deliver the public services it is conrracted to piovide. Vislon ¢Joes noi own these assets and therefore they are not recognised in the balance sheet. Where Wision incu rs expenditLire of a capital nature in relation to these buildings above the . De M inimis- level Ihey are capitslised and depreciated to the end of the contract as set out belDW. Vision Wixed Assets Tangible Fixed ts are held for use in the oupply of oBervices and are expected to be u￿d for more Ihan one ff nancial year. Expenditure on the acquisition. creation or enhancernent of such assers is treated as capital PfOVKded that the future ecoriomic benefits or service poterhlial will flo¢N to Vision. Expenditure that maintains but does not add to an asset's potential (i.e. repairs armd maintenance) Is ch2fged as an expense as it is incurred. Expenditu re which meets the definition of capital but falls below a pie-set minimum level in value (the "Oe Minimis" level), is charged as an expense in the year it is Incuried. The De Minimis level for VisioTr is £7.000. Tangible Fixed Assets are stated at cost (including Irrecovera ble VAT, net of Depreciation and 3ny piovision tor Impairment). All assets accoLJnted foi by Vision ale directly owned by the Trust. Oeprec43tion Depreciatlon is provided on all Tanglble Fixed Assets based on Ihe 'straight line, meihod over thei[ Estimaied Useful Lrfe (EUL). with no charge made in the year ot acquisition, but with a full chafge made in the year of disposal. Annual Depreciatson charges are as follows. Annual Depreciation Gharye Building works Pfo fata to Ihe end ol the Cuifent contract. EquFpmort & Mtstor Vehicles 20 to 33.3% per amum FLYniturn 10% per annum 80 AnnLpI Repotr 2￿8124

Notes to the Financial Ststements Notè 1- Aecounting Policiès ¢ontinU Dtrprt¢iatioh eortt . Annual Depre¢￿tIOn charges ensu￿ such Assets a￿ fully dep￿1¥rett upon rhe ex￿rY of tlle management agreefftent. * Assers belonging to Wision: depreciarion will be ch¥rged?ccording ro rhe estimated useful life of the asset Assets belonging to rhè London Borough ot Redbridge.. depreciation byill be ehai9ed t4 thè end of the C¢)ntfaCt l.e end 012026 T8ngible Fixed Assets. including tully depreci8ted assets. will continuè to be hekl on thè B8 lance Sheet until such time that they are abandoned, scrapped or sold, at which point they will be written out. with any balance being charged as a revenue expense. lrnpairrnent Impairment reviews ale carried out where there is an indication that the recoverable amount ol a Tangible Fixed Asset may be lower than Its Balance Sheet value. and (if confi'rrn8d) arè ritten down to the recoverable amount. Leased Assets Lga%p.% arp elalsifigd a8 FinAneA). IpA8P.8 iinlp<% thpy mppt thg eritgfia Cjf an Opp.rAting l(¥A89 The characteristic of a Finance lease is that the lease arrangements tTanster substantially all of the risks and re4vards of ownership to the lessee. Assets held on Finance leases are included wiihin Fixed Assets on the Balance Sheet with 8 coriespondlng Creditor established tor future lease payments. The asset is depreciated (with a corresponding chaige to revenue) over the term of Ihe lease. In addition, interest costs are charged directly to revenue. Operating lease paY￿ntS are charged to the cost of sepiice on a sliaight line basis over the term ot the lease. Stocks Stock is Included on the Balance Sheet at the lOv￿r of cost or estimated selling price, less costs to complete and sell. Pension Costs Employee members of the Local Government Pension Scheme (LGPS} that transferred from the London Borough of Redbridge to the Trust (under "TtIPE" regulations) are entitled to remain wrthin Ihe scheme (or join rt they have not already done so). The LGPS is a defined benefi't scheme which is lunded by both ernployee and ernployer contribut ions. An annual pdate (Éupplementèd by a lull triennial valuation) 18 provided by thè seheme't actLJ21V. which sets out Vision's share of the estimated assets and liabilities. In 8ecord8nce with Financial Reporting Standard 102 (FRS102). annual fnovements are reflected kn Ihe Income and ExperLclAture Accounr with net balances reflected in the Balance Sheet. The curient Funding and ManagemenrAgreernentwiththeCouncil includes a"pas5 through" appioach in relation to the Local Government Pension Scherne. "Pass through- rèflectg the genor31ky accepted markpt tx)sition in relation to l GPS and the associate.d ri.sk foi oppratcws_ AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 1- Accounting Policies continued The posrtion agreed between Vision Redbridge arKI the Council is summatised as toll¢Jws: Any i Thcreases to the tixed Employer Contribution Rate will be met by Vision Ftedbridge bul relmbursed by the Council. Any Emil Cuniribuiicin bvill be tnei by Wision Redbridge but ieimbuised by th8 Council. Vision Redbridge will remain responsible for any increases to the fixed Ernployer Contfibution Rate or Exit Contribution if. and to the extent that, such increases relate diieGtly to Ihe GQtrmercial deGiSiQn6 of Vision Redbridge save where: The Councll agfees to meet these costs, at Its discfetion o The cosis arise in relation to an agr￿d Change in Sepiice o The costs arose in relation to implementstion of a -Best Value Change- The five year contract y￿[th tlie London Borough of RedbrKlge includes a guafar)tee for the pension liability which allows Wision to recognise an asset to offset any pensioTh deficit. In addition, Vision also has employees that are members Of three other pension schemes as tolloyws: Teachers. Pension Scheme {TPS) A nufflber ofemployeesare membe(sof IheTPS. which Is adrninistere(J by the Departffent of Education.The scheme provides memberssyith specihed berbehts upon their retiremènt and Vision contributes towafds the asscciated costs alorbgside employee rneml)ers. The scheme is iechnlcally a defined beneftt scheme. However. the scheme is unfunded an(J It is not possible to determine - with sufficlent accuracy for accounting purposes- Vision share ol the unde(lying financial position and performance. Consequently the TPS is accoijnted for on the same basis as a defi'ned contribution scherne. Frie1￿8 Provident ("Stskeholder Pension") A small number of employees. who were not eligible for LGPS nTrembership. were enrolled on a defined contribution scheme administered by Friends Provident. The cost of the a5sociared ietiremeni benefits Is met Ihrough 'matched' efflployee and efflployei coniribuiions, Following a change in legislaiion on workplace pensions which has seen the introdJction of automatic enrolmeni. rrembership of the scheffte has declined 8s has the option to transfer to a scheme administeied by Friends Life. Friends Life (-Group Pension Plan") Subject to an opt oul clause (following autornatic enrolment) and other qualifying criteria. èxisting employees rK)t already in a pension scheme and new st8rtets are systematically bei ng en rolled into a deh-ned contribution scheme administe(ed by Fiiends Life. The cost of the associated reriiement beneh'ts is met Ihrough a combination ot employee and amployei contributions, 82 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Note 1- Accounting PoliGies continued Employer contribuiions to the three ¢Jefi"ne(J contrtbution schemes described above 8re reflected in rhe Inco￿￿ and Expendituie Account onty. Fund Accounting The funds of the Trust fall into two main types: Unrestrlcte¢J Funds a￿8ValIablelo use to further the purposesol theTrust. Unrestricted Funds may set aside to fund particuaf actNities at the discretion of the Trusi. Restricted Funds ate held by the Trust for specific purposes. detetfflined by the dor￿(. The specified Pufposes a re consistent with Vislon's overall objectFves. Note 2- Direct Service8 Income Unrestricted Funds Restricted Funds Totsl 2023/24 Totsl 2022123 £OOtrs £00ty8 £OOOb CLplture and Libiaries 3.477 3,477 3.229 Parks and Open Spaces Sport and Leisure 2.298 2.298 2.637 6,Td3 6.723 4.363 Totsl 12.498 12.498 10.229 83 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 3 - Aesources Expended Direct Suppwt Exwndfture Benefit Pension Totsl 2023124 Totsl 2022123 £(X)O's £OOO's £ooo's £OOO's 2000's Unr•stri¢t Expe￿￿tUr* Cul ture and Lib raries 6.184 6,668 Parks and Open Spaces 4.707 315 5.022 5.460 Sport and Leisure 7,389 401 7,7go 5,203 SubTotsl 18.280 19,480 17.348 Restrirted Exp8nditure Culiure and Libraries 3,258 3,258 3.451 Parks ar)d Open Spaces Sport and Leisure 1,093 1.093 1,054 Management & Support Sub Total 4,931 5.449 Total R050urc•s Expended Z3,Zl1 I,ZOO 24,411 22.798 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Notè 4- Support Costs Culturt ￿Tk3 artd and Open brnr•es Spa￿$ Sport and LeisuTo Totsl 2023124 Toia1 2022123 £OOLYs £OOO's £000 £OOD's 219 116 517 462 HR and Payroll 42 22 98 Insurance 135 111 317 Cash C¢llection Tree Surgery 59 MHR Payroll 16 26 55 Gu4ernance Cost 29 105 Management and Support Totsl 1.051 85 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Notè S- Ststèmènt of Financlal Activitiès lrteluding 1ft￿m• and Expenditure Account- Year ended 31V March 2023 unrestric￿ Funds General Funds Not* £OWJ Oeslpviecl Funds £OOOts £OOtys R•gtric•d Funth Total 2022123 Total 2021/22 £OCXYs Charimble Activities DiieGI Services lThcorne G(anis ¥wJ ¢wrikMion$ M anagement Fee Other In¢orTho 10,229 10229 3.618 7.548 617 1.107 Trf•l 1B,394 2,893 31.357 Charilable Activltles Cuiiuie 2nd Librnrnes Parks Eno Open sp￿es Sport and Leisure 3.451 14038 EQ705 5.460 5.303 1,054 6.879 11348 6.449 22,213 It•t lfteornol IEwnthtur•) b•f•rn 1,046 (2,5￿} I1￿10) 9.144 Tr4nsfer6 b•tw••ni fuThds (1,816) 1,816 <Exp•nthur•) aft•f (740) {1,$10) 9.144 Actuar￿1 (Losses)I Gains on Defi'ned Beneh't Pension SGhemes 78 Itet In ￿nd¢ 13.149 86 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Note 5 - Statement of Financial Activities Including Income and Expenditure continued - (Year ended 31st March 2023) Total Funds 8Mught 1.286 1.572 {10.291) Totsl Fundi 516 Dir&ct Servi￿8 Income Urv•8tricted Fund• Totsl Total 2021122 fOQVs tQQOs Culture and Librèries 3.229 3,229 &091 Pgrks aid Op8n Spaces Sr>Ort aThd Le13uie 2.637 1,431 4.363 4.363 4.462 Tot•1 10.229 10,229 Resources Expended Dir•rt Suppwt Totsl 2QW23 Total 2021122 Pon4bn tooo £OOtys EO¢)Os Urrf•strict•d ExppTrditurn Culture 8nd Librar+es 494 6,764 P4rl(s Open 5,127 333 5,460 4.424 Sport or Leitlure 224 Sub Total 10,287 17,346 17.058 AnnLpI Repotr 2￿8124

Note S- Statsment ot Finaneial Activities Ineluding Income and Expenditure continued - (Year ended 31" March 2023) DSY•¢t Exwkiitsre petsrr¢d Tot 2021122 ztR2123 £oov EOOO'S Culruie Llbrarles 3.451 3.451 4.021 Parks aThd Open Sp8ces 405 Swrt Leisure I,osd M3rk8ym?nt and SuppLYt {80) Totsi TotsT Rosour¢•i Exp•nd•d 1.OSI 22,213 Support Costs Cthire and Parks and LibrariK Op•n Spac•s Sport and Toial 2022123 To￿[ 2021122 £QOtr• 295 307 Go 3n¢J Ptyoll 31 30 In8urance 82 Cash collectko 1.054 Tree Surgery 59 MHR Payrtsll 17 G¢MmanGe ￿st 33 Mana9ement and pport 1.051 1.068 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Notè 6- Grants Pald Organisations 2023124 2022123 £OOO's Community Centres 39 39 Aris 42 Bl Note 7- Auditor Rernuneration 2023/24 2022123 £00ty8 £000 Statutory Audrt Audlt lee In respect of prlor year audlt Totsl 39 34 14 14 S3 Note 8- Trustees No Trustees (or any person connKted wirh them) received rernuneration in 23124 (22123 nil). One Trustee vvas reimbuised £12 for travel expenses in 23124 (22123 nil) Note 9- Employees The average number ot employees, Including Full-Time Equrrfalents (FTES), during the year Employtt Numbe Z)23/24 2023/24 2022/23 2022123 FTE Culture and Librarles 274 150.57 252 149.95 Parks and Open Spaces Sport and Leisure Managemeni ancl Support 116 253 17 75.53 102 15.40 114 78.42 97.60 13.40 268 14 e416 339 37 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Notè g - Employèès continu Emptoytt Costs 21)23/24 2￿2123 EOOOS Wages and Salaries National Insurance Contributions 11.587 936 10.327 LGPS Pens40n 535 563 Other Pension 437 395 Agency and Private Instructors Re(Jurtrdancy 560 469 19 30 T4ts1 12.629 The number ol employees earnirkg a salary of £60.000 or more (including benefits. but excluding pension contributions was as follows: 2023/24 2022/23 £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89.999 £90.000 to £99.999 £IOO,000 to ￿09,999 £110.000 to £119.999 £120.000 to £129.999 T¢tsl Total penston costs paid to these employees amounted to £135.100 (¥2123= £83.114) ReM￿neratIOn of Key Managèment Personnel Total emoluments paid to the key management petsonnel (Chief Executive. Head of Culture S Llbr8rle8, Head of Parks & Open Spaces) totalled £389,79S in 2023124 (£376.89l in 2022123). 90 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Nots 10- Taxatlon Vision is a Rwstered Charrty arKI not liabEe foi Corpofation Tax on profits derivpd from its chaiitable aGTrviiies urbder Paragraph l of Schedule 6 of the FinanGe Act 2010. Note 11 ~ Related Party Transaetions TfLlStees and efflployees are entitled to use the facilities m3n3ged by Vision at a discounted price. compare¢J to members of the general PL*blic. A limiied number ol employees are entitled to use certain leigure faciltties m8n8god by Vision liee ol charge provided th8t usage does not inierfere with the activities and demands of fee paying members and the general public. Such arrangements are often of mulual benefi't to both parties (e.g. free access to the swimming pool to tnaintain Ihe fitness of lifeguards}. During the year. E4.260 was paid to. and Venue hire ot ￿6.178 was receivecj from. F￿nIOr Clubs, a charity of which M2(tin Solder. the Chair of Trustees, is also a Trustee. There are na other Relaied Party Transactlons to report for 2023/24. AnnLpI Repotr 2￿8124

Notes to the Financial Statements Noto 12 . Tangible Fixèd Assèts utldlng Pltt 6 Ewip• fvrbt. E9UiP• Equlp. F1tt5fi91 Equip EOOO Éooo £oo(r EOO(Y• £ows £coyI £OOO'4 i£t AWII 2023 187 Addillon8 Year 616 Disp￿ Year At 31&t March 2024 3,217 719 4M25 Acemulaed D•pr•¢iatio AI ISI AEwil 2023 charge for the Year 17 $25 Dlspos Year At 3tst MarGh 2024 4165 Nèt Book Valu• Al 31s1 Maich 113 At aist Mareh 2Q24 116 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 13 - Investments VisiDri Redbridge Business Servics Limited (a trading company) w3s incorporaied on 201h M3y 2ts11, Wision Redbrid9e Culrure and Leisure Limited is Ihe sole shareholder, bolding IOO Ordinary 21 sh81@s. The Diiector Trusiees of the Trust afe the Oifectors of the trading comp8ny. As at the 31sl March 2024 the cornpany vrds d￿rnant, as defi.ned by Company Lavi. Nots 14- Debtors 31Y March 2024 £¢￿0 31• March 2023 fOOQ's 856 Trade Debiors Other Debtors Provision ¢1 Bad and Doubttul Debt (13) (22) Prepayments and Accruals 1,482 Nots 15 - Creditors: Amounts Due Within One Year 31st MarGh 2024 21st March 2023 Eo¢x>'s Trade Cre(litors Tax and Soci81 securlty Accruals Defwed IncorrE 538 1.092 262 533 1,292 337 Tota 2023124 £OOIYs 2022123 £OOO's Balan￿ Aprll I. Charged in Year Oefettptl In Yp¥r Plan￿ March 31SI 297 262 337 337 93 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Not• 16 - ￿nsIon Costs Definèd Benefft Schème As part of the terms and conditionsofemployment under "TUPE" re9ulaiions, employees tiansferred f rorn London sorough of Redbridge (LBR) afe entitle(J to remain within the Loc31 Gownrneni Pension Scheme (LGPS). The Redbridge schetne is a fun(Jed final salary defined benefi't sGhem&, which is administered by the CDunul In accoid3nce with the LGPS Regulations. FS possible to identify Wision's share of the underlying assets and li&knlities of the Redbridge Fund lor the purposes of FRS102. The assets of LGPS are investèd and managed independently of the Trust and employer coniiibutions are determined by a qualified actuary on rhe basis of triennial valuations using the projected unit Method. The fr￿st fecent actuarial valuation reflected the position as at March 2020. Active LGPS Members and ¢ontribution Leve 2423124 20#123 Employer s Contrltyjlions (£OOO's) 535 563 Employers Contr1t￿l10n (%) 23.1 23.7 Nurnbor ot Mcmbo 238 238 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 16 - Penslon Costs continuèd Reconciliation ot D8fined Benefit Obligation 2023/24 2Q2123 Eoo £oc>ob Opmiry Defined Bemfit ObllgHtiiXI Cuirenr Serrfice Cost 41.256 6SI 1,142 Io8588 1(Gans) on thri811￿n[s Effeci of Business Coffibinattons ana Dlsposals Interesr Cost 1.SS6 ),1 Totsl Oefined BeThpfft RocogniBed in SOFA Coninbuiion by Members Estsm8ied Benefits Pa (853) (680) Charyos in Actu¥ial A&surw)D¢m5 Other Exwience {2,152) (16.292) 828 ¢losin9 D•fin•d Borfft Obligati 28.563 Reconciliation ot Plan Assets 2023/ £OWs 2022123 £000 Ornirq FIIF Vakn ol Ernployor Ass•ts Interest Inc0￿e 29.141 Elleci of eugness Cornbinations and Th"sposals Totsi D•fiMd 8•rbrtit Reeo9nls•d kn SOFA C¢ntribvtitsn by Membèr¥ Coniributiori8 Employer 8eTrBfits Paid 157 53S 583 (853) <£60) (502) Other Expwe￿& Retum on Assets (2.931) C*JBinB Falr V¥lue rrt Empluypr J3uets 29.147 95 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Note 16 - Pension Costs continued RewTr¢iliion of Tot?1 Cost of Defined Benefit Li¥bility 2023124 20È2123 000 eurrfènt Sè(Vi¢e Cost (Loss8$)/Gains on thrtsdmEnts Effect of eusines5 Comblnaiiork% and Disposals Net 11tt￿eSt (584) (1.028) 25 I2￿> (1,293) CharyB ts Nt (Ineom•)IExpndlturn 1559) Ch&rhJÈ& In Acitsafial ts5umptionB Oihef Experience keturn on Assets 2,152 (828) ie,292 (2,345) (2.931) 11.01e Totsl PtrM¢awrwnts Ernpwers Contnbution &JrphJ8 or (Deficit) in Scherr Op8ning Balance - Surplus/(DeficrtJ elosh9 Bal￿& - 8urplu8/(D•fi¢lt) 53S 9.807 (9.58e) As the chaiity dc>QS not hwe aTh unconditional right to the surplus tn the pensw)n scheme it Is recc>gnisecJ at nil Wdlue in accordance with FRS102 F8ir V3lue of Plan AL&ets - Value8 31st Mafeh 31st Mareh 318t 31tt Plareh 31st MAreh 2021 Eow £000 Egtjrties 18.908159%) 20.9e6 tr2%) 22.8Q3 (T2QA) ￿,986 (1396> 1fj.079 (e) SonLJS 7,os (22%) 2.623 (7%) 2.￿￿ (9) 4.5￿ (1596> 5.202 (22%) uwrty 5.769 (18%) 5.538 (21%) 6.017 (1996) 3.313 (11%) 2.128 (9%) Cash {196) - (0%) - Co￿> 301 (1%> 237 (1%) Totsl F4irWw ot Pl•n J2,048 (Ioryo) 29, 23.648 (100Yo) (100Yo> 96 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Nots 16 - Pension Costs continued ActU8ri81 Assumptions ot March 31 st March 2023 (%pa) 2.75 l%pa) 3.00 Penston Increases Salary Increases Discount Rate 2.75 3.00 4.85 4.75 Dèfined Contribution Sehemès Viwon contribuies to Ihree defined contri￿l￿n schemes: T•achw3' Pension schfrn￿ (TPS) The TPS which. although technically a deffir￿ benefit scherne. is accounted for as a defined conirlt)urion scheme. All TPS membefs are ernployed ￿1[hin rhe Musrc and Drama services, Ag of 31st March 2024. there were 70 employees tn the TPS. (3131 Mafch 2023 there wero 58 employees) Fri8nds Provident ("Stskeholder P•nsion-) As of 31st March 2024, thefe was one ernployee with a Stakeholder Pensi¢￿. Friends Life <"G￿P Pension Han") The Gontinueé application of "aulQ-enrolment" during the financial year has seen 3 gir)wino number of employees iaking out a Group Pension Plan through Avwa. As at 31¢ Maich 2024, 310 omployoos woro Gioup Pongion Plan holdorya. (3151 March 2023 thoro wor& 352 employaos) The Employer Conrribulions paid into Defined Conrrlbutlon Schemes durin9 the yeaT is summ31ised in the tsble below. 2023/24 2022/23 £QOO'• £OCV¥ Teaeheis. PeThsion Scheme (TPS) 253 242 Filends Pruvident Aviv2 Group Peftsion 182 151 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Notè 17 - Unrèstr1et￿ Funds Unfe5tfi&ed Funds hold by Vision ?r¢ availabl¢ to use for the gene￿1 Gh¥ritable purposes of the TrLbSt. How£ver. part of thes8 may be "Dcsignated- for particular future purposes. The rnoverneni in Uni¢striGted Funds duikng 2￿3124 is set Qui as tollows, Movement in Unrestricted Fund8 ¥J23/24 Balanc• 1st Wil 2023 Transler8 Bala￿8 Bfttwo•Tr 31st March Fund• 2Q24 Inrominy ResourGe Resou￿•1 Expended £000 £OW's tooo £OOO toc￿% General FuTrd 21,222 (19,480) (19,480) (2,OS9) (2.OS9) 199 Sub Totsl 516 21.222 ICT Tr8nsf(Nmation Penson Fund Reser Sub Totsl 516 21,222 (19.480) (2,059) Mov•m•nt irt Untèstricted Funds 2022/23 R•8tatsd Balanc• IncomirrfJ 1st April R•sources Expended 2022 Tr8ngfern Balance Between 31•t March Funds 2023 £000 £OO(Y8 EOOO (1.816) (1,816) EOC￿9 Gener81 Furld 1.286 18.394 (17.348) (17,348) 516 Sub Totsl ICT Trons1￿m￿lIOrn Fund Roserve SubTotsl <17,346) AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 18- Restricted Funds Restricted Funds held by the Trust are only trrfail able to use lor the puiposes S￿e[fied ty thè donor. Vislon holds Restricted FurKls in three categories: Management Fee Funtled ty LBR tfhrough the main m￿agernent Fee, specific*lty: Maintananctr, Repair5 & Re￿¥thIs (MRR) To be use¢J solely the maintenance. repair and renewal of LBR assels entfUSt@d to W￿lOn as part ol the Management contract for Culture and Leisure services in the Boiough. Exercl8e on Reterrnl To be used in accordance Ydith a ServKe Le%rl Agreement wih the Redbrldge ciarblcal ComMiSSionifi9 Group tor the stspply of relevafit Sport & Heaiih related sèrviCÈS. Redbrw Arts Grarits To be used to support community and voluntary sector arts activities. Adult Activator To support a post, specifically created lo lead and CO-Q￿￿18te an adult health prograrn￿ ots Rtdbridge housing esiates. Music Bursary Fund To be used In support of music SGhool pupils to advance their Musical education beyond Redbridge Music School. Cycl• Quiet Ways To extend the opening hours at Valeniines Park - Initially two years - to allovi access to the Cycle Quiet Way. Ilnkkng Re￿br￿ge to Olhw London boroughs. The grant Is to fLrn additi￿81 staffing cosis. 0-19 Health To hplp fijnd 8nd (Wivp.f an ot)psity .strat99y 8nd to de¥elop physic?1 8Ctivity provision Bnd aeiion an. ante￿t81 wornen. ServSce Grants External gianls. (Ing-lenced to support the MusEe Education Hub and Drama sèrvices which Includes a ieceipr 01 £49.500 from ACE NPO T(3rssition Fund. this amount was lully spent in year. Other Grants Prirnarily external grants arKI wntributiorbs r8cewed outside th& fn¥in Management Fee for Culture and Leisure ielated S￿eth-e0 projects and iThltiaiives in the fi.elds of Arts, Events, Libranes. Museurns. Paiks. Sport arKJ Heallh. AnnLpI Repotr 2￿8124

Notes to the Financial Statements Note 18 . Restricted Funds continued The rnoverThent Sn Restricted Funds durlng 2022124 Is set out In the table below. MDvgmprt RoBtrlctod Funth Balince Expended Betweofi 91*1 Msreh Fund¥ 1# April 2023 Resources £LN)) £000 MRR Fund i.iio (1.209) tsset Pl (Ilegtticred Reserde) Exerci3e on Pefeiral RedbrithJe Arts Grants Adulr A¢￿va[cr Music Bursary FurKI Cyc4e (￿&81 Ways 213 (2Y9) 0-78 Health 19 (4n ic8 Ythrt& Claybury Park (a) 67 1,372 (1.496) '.lL".. DFamg ACE Ne￿0￿81 Portyofitr MsJsi¢ Edv¢dlion Hub 51 <628) (1.863) 532 (2.491) As 28 ACE Cultuie CPP Redbrldqg btaraes a42 46 (259) (163) 15 Mu&c SeNices 35 P3rWs 13 215 (225) (312) Spurt and Health 352 95S 832 2.859 I4.￿? 2.05• 100 AnnLpI Repotr 2￿8124

Notss to the Financial Statements Note 18 - Restricted Funds Gontinued M•)V¢Wfrt kn R•Str5¢t￿ F¥nd• Bslance InGoming Bètween 31M Mareh Funds 2023 £c¢iv MRR F￿￿1 Asset Plan (Restncted koserve) Exeicise on Refe(ral Redbridge Art8 Grnnts Adult Aclivaior Music euwsèry Fund P.yr.Ip fAIig1 WXYA 0-19 Health Allce While Lega Claybury Park D¢Mry 1.107 (1,582) (481) 234 (230) (95) (62) 46 (a6} 19 19 16 (16) (29) (2.060) DFam8 ACE Naiion81 Porifol Music E￿￿￿1411017 Hub (659) ¢i.no) 1.223 553 (z.8fj9} Arts ACE Qjirure Recovery Ffftd CPP Redbridge Lib(aiies PS) (66) (243) (12) (300) (324) 0.020> 203 371 326 MUSIQ Service8 Par 74 St>ort and H8allh 274 1.5 (&449) 832 AnnLpI Repotr 2￿8124

Notes to the Financial Statements Note 19 - Analysis of Net Assets Between Funds Unr•strict•d Funds Qonprnl Totsl Marth 2024 Tangible As58ts (Net bx>k vakies) Currenr A&set8 1 (Li&bilifies) Proviyons (6a) (422) 1.016 March 2023 v4•r• r•prn8•rrt•d bv: Tanoible Assets {Net book vahjes) eurtènt Assèts 1 (Li&bilrties) P(cNisions 1.307 516 (475) 41 Totsl 516 832 Note 20 - Lease Commitments Total payments of £125.519 rel*iThg to oporating leases viere made in 2￿23124 ( ￿86.13? Z022128)- Thero we no FIna￿e Le¥ses. Qutsianding cgmmitments under non-¢an¢ellab Qperaiing Leoses ai the end of the firwJ¢iaf year were as follows: st March 2024 31st M•r¢h 2023 £000 Expiry D¥te- IVtlhiTh OTrE Ye One and Years 14 Total 47 129 Ali leases reiaie to plant, equipmbnt and v6hicle$.Th&re are rtro leases relating to land and buildings. 102 AnnLpI Repotr 2￿8124

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