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← Warwickshire Association For The Blind

2025-03-31-accounts

VISION

REPORT OF THE TRUSTEES

and

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR WARWICKSHIRE ASSOCIATION FOR THE BLIND (T/A WARWICKSHIRE VISION SUPPORT)

REGISTERED COMPANY NUMBER: 06511954 (England and Wales) REGISTERED CHARITY NUMBER: 1123220

CONTENTS

REFERENCE AND ADMINISTRATIVE DETAILS .................................................................. 3 FOREWORD FROM LOUISE WALLIS, CHAIR OF TRUSTEES ............................................. 4 REPORT OF THE TRUSTEES ................................................................................................ 5 About Warwickshire Vision Support ................................................................................. 5 Mission ................................................................................................................................... 5 Aims and Objectives – our Five I’s of Impact ................................................................... 5 Key activities ......................................................................................................................... 6 Our Values and Guiding Principles .................................................................................... 6 STRATEGIC REPORT ........................................................................................................... 7 Major Developments in 2024/2025 .................................................................................... 7 Our Services in 2024/2025 ................................................................................................... 7 How We Help People Adjust to Sight Loss ....................................................................... 7 How We Help People Living with Sight Loss .................................................................... 9 Grants Received in 2024/2025 .......................................................................................... 12 FINANCIAL REVIEW ......................................................................................................... 13 Financial Performance ...................................................................................................... 13 Investment Policy and Objectives ................................................................................... 13 Reserves Policy ................................................................................................................... 14 FUTURE PLANS ................................................................................................................ 16 STRUCTURE, GOVERNANCE AND MANAGEMENT ........................................................ 17 Governing document ......................................................................................................... 17 Recruitment and appointment of new trustees .......................................................... 17 Key management remuneration ..................................................................................... 17 Risk management .............................................................................................................. 17 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION FOR THE BLIND ....................................................................................... 19

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REFERENCE AND ADMINISTRATIVE DETAILS

TRUSTEES David ADAMS (Treasurer)
Susan Mary AYRES
Tom BULPITT (Resigned 31.10.2024)
Stacey Louise FENNELL
Amer HERIAN (Deceased 09.12.2024)
Arthur Marklew LIGGINS
Richard Charles ORME
Thuy PHAM
Elizabeth Ann THIEBE (Resigned 1.07.2025)
Louise WALLIS (Chair)
COMPANY SECRETARY Stacey Louise FENNELL
REGISTERED OFFICE 14 Market Place
Warwick, Warwickshire
United Kingdom
CV34 4SL
REGISTERED COMPANY 06511954 (England and Wales)
NUMBER
REGISTERED CHARITY 1123220
NUMBER
AUDITOR Harrison Beale & Owen Limited
Chartered Accountants
Highdown House
11 Highdown Road
Leamington Spa
Warwickshire CV31 1XT
BANKERS Lloyds Bank
Business Banking
BX1 1LT
INVESTMENT MANAGERS Quilter Cheviot Investment
Management
Two Snow Hill
Snow Hill Queensway
Birmingham B4 6GA

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FOREWORD FROM LOUISE WALLIS, CHAIR OF TRUSTEES

This year marked the opening of our new headquarters in Warwick following a major refurbishment programme. This gives Warwickshire Vision Support a fabulous new resource for us to use to develop and deliver a range of services for our community.

The refurbishment included our new multi-function room, which is bright and modern, and includes a fully equipped training kitchen. The space has been designed with input from staff, volunteers and our service users ensuring that it will meet community needs, and help future proof the charity.

This year we have also introduced a new Visual Impairment Awareness Training service, which has been well received by participants. The training is aimed at local employers and service providers to increase understanding of visual impairment.

We continue to develop our support for visually impaired people in the county. Through our services we allow individuals to live independent and fulfilled lives, and reduce the risk of social isolation and prevents avoidable health and care issues.

Next year we will look to build on the services we offer and continue to extend our reach within the visually impaired community in Warwickshire.

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REPORT OF THE TRUSTEES

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

About Warwickshire Vision Support

Warwickshire Vision Support is the trading name of Warwickshire Association for the Blind; a registered charity incorporated in England and Wales as a company limited by guarantee and governed by its Memorandum and Articles of Association.

Mission

Founded in 1911, Warwickshire Vision Support exists to provide emotional and practical support for blind and partially sighted people across the county. We achieve this each year by providing:

Aims and Objectives – our Five I’s of Impact

We organise our work and measure our success by working to achieve these five outcomes for the people we work with. We want visually impaired individuals to be, and feel, included, involved, informed, inspired and as independent as they want to be:

Included Ensuring our services are available, accessible, inclusive, and open to all visually impaired people across Warwickshire. Involved Actively seeking feedback and collaborating with the people we support to shape services that are relevant and effective. Informed Providing clear, practical advice, information, and training to help people living with sight loss stay safe and make confident decisions Inspired Encouraging people to embrace new opportunities, build confidence, and take positive steps towards maintaining a fulfilling and active life. Independent Supporting and empowering people to continue to look after themselves and their affairs with a sense of purpose, keep family and social connections, and avoid the isolation and loneliness that often accompanies sight loss.

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Key activities

Our Values and Guiding Principles

One Team : we believe we are at our strongest when we work together. By sharing ideas, expertise, and resources, we create a culture where collaboration drives success. We strive to agree on common objectives, aspirations, and values, recognising that a united approach allows us to achieve more for the people we serve.

Person Centred : the needs and aspirations of our beneficiaries sit at the heart of everything we do. We listen carefully, respect individual choices, and continually review our systems and processes to ensure they respond to real life experiences. Our aim is to provide support that reflects the lives of the people we serve, always prioritising independence, and wellbeing.

Outcome Focussed : we understand that every person has different goals and priorities. That is why our rehabilitation services, and all the support we provide, are tailored to help each beneficiary achieve the outcomes they identify as most important to themselves. By staying flexible and personalising our approach, we enable people to build skills, confidence, and independence in ways that matter most in their own lives.

Caring and Respectful : we focus on the person, not the impairment, treating everyone with dignity, fairness, and kindness. Our services are designed in partnership with the people we support, ensuring they reflect lived experience and empower people to thrive.

Reflective, Learning and Developing : we are committed to learning and evolving so we can continually improve. We reflect honestly on our work, listen to feedback, and adapt quickly to meet the changing needs and expectations of our beneficiaries and stakeholders. Innovation and growth are part of who we are, we seek new ideas, embrace change, and strive to set the standard for responsive, high-quality support.

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STRATEGIC REPORT

Major Developments in 2024/2025

The year included two major project milestones in addition to our normal services: the reconfiguration and refurbishment of our premises in Warwick, and the launch of our

new Visual Impairment Awareness Training service.

The refurbishment project was more than a year in the planning and delivery, and has transformed our premises, a 19th Century building, into a modern, functional space. We created a welcoming office environment alongside a larger multi-purpose resource centre featuring a fully equipped training kitchen.

The redevelopment of the upper floors of the building also provided two self-contained office spaces, now generating rental income. By the end of the year, the resource centre was in regular use and is set to become a vital community hub as we expand its role and reach.

Our new Visual Impairment Awareness Training service also had a strong start. Designed to increase understanding of the needs and experiences of people with visual impairments, it quickly attracted interest from local businesses, employers, and service providers.

Our Services in 2024/2025

“I have a much better understanding of what is available for me when I need it so I feel more confident. Warwickshire Vision Support has made a big difference to my life… everything has been great, every problem I have has been sorted out by you”

Our frontline services are built around two distinct yet interconnected teams. One team supports people who are newly adjusting to sight loss, while the other works with those who have been living with sight loss for some time. Together, they ensure that support is available at every stage of the sight loss journey. Behind the scenes, a small but dedicated back-office team provides vital fundraising and administrative support, helping to keep the charity running smoothly and effectively.

How We Help People Adjust to Sight Loss

Eye Care Liaison Officers (ECLOs)

“The Eye Care Liaison Officer service provided by Warwickshire Vision Support is an invaluable resource for our patients…for many, receiving a diagnosis related to sight loss can be life-

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changing and emotionally challenging. Having knowledgeable and compassionate ECLOs available to offer tailored support, practical guidance, and up-to-date information ensures that our patients feel reassured and well-informed…their presence helps facilitate a smoother journey through the care pathway and significantly enhances the overall patient experience…” Claire Vyce, Operations Lead – Warwickshire, Newmedica

In the past year, our Eye Care Liaison Officers (ECLOs) have been a crucial first point of contact for more than 600 people who have experienced some form of sight loss.

Working alongside NHS Eye Clinics and Ophthalmology departments, our ECLOs are specially trained to provide immediate, empathetic emotional and practical support at a time of uncertainty and distress. They assess individual needs and connect people with our other rehabilitation or community services as well as services offered by our local, regional, and national partners in the health and welfare sector.

By offering this support early, our ECLOs play a key role in preventing avoidable deterioration in people’s health and wellbeing. Timely advice, emotional reassurance, and practical guidance, help individuals adapt to sight loss more safely and confidently, reducing risks such as falls, isolation, and mental health crises. The early interventions by our ECLOs are preventative, they lessen the likelihood of hospital admissions or the need for long-term care, enabling people to remain independent in their own homes for longer and improving their overall quality of life.

Rehabilitation Services

“Your staff have been very professional, kind and patient. I've really appreciated the help with independent living, all your advice is very professional and personalised and your staff have a thorough knowledge of what they are imparting"

Our Vision Rehabilitation services are delivered on behalf of Warwickshire County Council. As part of this partnership, we provide quarterly reports and an annual (calendar) report to WCC, including monitoring data, case studies, and evidence against agreed performance standards.

In the 2024 calendar year, we provided rehabilitation support to 761 people , with an additional 230 people supported in the first quarter of 2025.

Our highly trained Rehabilitation Officers deliver early, preventative interventions that focus on building independent living skills. This includes mobility and orientation training, which enables people stay confident in their homes and when out in the local community. Support includes learning how to use public transport, mobility aids, and safe walking routes by recognising and navigating sensory street infrastructure.

In the home environment, we help people make simple but life-changing adaptations such as improving lighting, using specialist equipment, and learning practical techniques for safe cooking, storing and preparing food, and making hot drinks. These interventions not only reduce the risk of accidents and falls, but also build confidence and resilience, enabling people to continue living independently.

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We help to prevent avoidable health and care needs, reduce social isolation, and improve wellbeing. By equipping people with the skills and confidence to manage sight loss safely, we reduce the likelihood of accidents, falls, and the resultant hospital admissions. This in turn eases pressure on the NHS and helps reduce the need for costly long-term care packages, making the service both life-enhancing for individuals and cost-effective for our health and social care partners, and our many funders.

How We Help People Living with Sight Loss

Vision Support Centres

“I feel I am part of the community much more and I can talk to people who have similar difficulties…the support centre has given me more confidence in dealing with my disability…all the information, support and guidance from staff and volunteers …. they go beyond the norm to help us all out…that is the difference Warwickshire Vision make…”

Vision Support Centres are at the heart of our community-based work. They provide a safe and welcoming environment for blind and partially sighted people, where individuals can find advice, guidance, and reassurance as they navigate the challenges of living with sight loss. Whether someone needs practical help with their changing condition, information about benefits or services, or simply the chance to spend time with others who understand their experiences, the centres are there to meet those needs.

In the year, we delivered 276 weekly and monthly support centre sessions in 11 different towns across Warwickshire. We experienced a small increase in the average number of people attending each centre, with many new faces joining us for the first time.

A key part of our support centres is the variety of guest speakers and equipment demonstrations we host. These sessions allow people to hear directly from professionals, ask questions, and learn about services that could benefit them. The equipment demonstrations are especially valuable, giving people the chance to try before they buy and discover tools that can make daily life more accessible and independent.

“I know my sight will worsen but what WVS has is the ability to give hope as well as a sense of community. The difference you have made is I now feel included rather than on the outside”

None of this would be possible without our incredible volunteer workforce, who ensure every centre is a welcoming, supportive, and safe environment. Their dedication creates the warm, friendly atmosphere that makes our centres so special, turning them into places where people feel connected, valued, and understood.

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‘IT4U’ Digital Inclusion Training Service

“My employers have noticed improvements in word processing accuracy and have now become more engaged in proactively finding appropriate reasonable adjustments, after an Occupational Health report you helped organise. So thank you and your colleagues for the invaluable IT assistance you have given me to manage my visual impairments”

The IT4U service empowers people with sight loss, to build confidence in using digital tools, assistive technology, and accessibility software, helping them to stay connected, manage their affairs online, and maintain independence.

Last year, we supported 120 people in 1:1 sessions delivered at our weekly and monthly Vision Support Centres. Alongside face-to-face appointments, we offered personalised support delivered via phone and email.

A particularly valued feature of the service is the opportunity to ‘try before you buy,’ enabling individuals to test a range of devices and software to identify the solutions best suited to their needs and abilities.

Befriending Service

“My Dad has started receiving Home Visits from you, which are worth their weight in gold…. we recently lost my Mum and then his eye sight…he’s still trying to remain independent…but he needs help because he is struggling”

In the past year, we made 1,552 befriending contacts, via telephone calls and home visits . These services are a lifeline for some of our most isolated, lonely, and vulnerable service users, offering not only companionship but also consistency, reassurance, and a sense of connection.

Designed to enhance welfare and wellbeing, the services provide regular contact, a listening ear, and the opportunity to share weekly experiences, challenges, and feelings about life. Beyond companionship, they also serve a crucial safeguarding role. Our staff and volunteers are trained to listen attentively and spot potential concerns, such as poor health or diet, lack of dignity, or the presence of unwanted visitors. In more serious cases, we have referred individuals to Adult Social Care for mental health support and, when necessary, contacted paramedics to respond swiftly to falls or ill health.

Social Clubs

“I definitely would recommend the club because it is the best thing I ever did was to go and it brought me out of my shell as I was in denial. I have come out of my shell now and I have made some lovely friends”

There were 148 social club meetings held last year.

By contrast with our Vision Support Centres, the emphasis in these clubs is less on information, advice, and training, and more on companionship, fun, and meaningful activities that keep members engaged, active, and socially connected.

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Members work alongside our staff and volunteers to plan, schedule, and organise each club, shaping the programme to reflect their interests and preferences. Activities range from creative projects, quizzes, and games to music sessions, talks from hobby speakers, visiting entertainers, and shared luncheons. For many, these clubs provide not just recreation but also a vital sense of belonging, reducing loneliness and helping to build confidence in everyday life.

Volunteers

“it’s the feeling of satisfaction and knowing you are making a difference…. a fantastic team of people to work with!"

Warwickshire Vision Support is proud to have the support of 150 dedicated volunteers , who generously give their time to assist our support centres, social clubs, and befriending services, as well as helping in the office and at events and fundraising collections.

Without the commitment and generosity of our volunteer team, we simply could not have achieved the breadth and scale of services delivered over the past year. Their time, energy, and compassion enable us to extend our reach, support more people living with sight loss, and strengthen our presence across Warwickshire.

Warwickshire Vision Magazine

Our magazine has provided news, practical information, and personal stories tailored to the interests and needs of people living with sight loss. It helps to keep our service users connected, informed, and engaged with both the charity and the wider community.

In the year, we produced 4 seasonal magazines to more than 3,000 people and supporters of the charity.

The magazine is supplied to an individual’s communication preference, whether as an audio file, digital edition, or printed copy, ensuring it remains fully accessible to everyone. Beyond sharing updates from Warwickshire Vision Support, the magazine highlights inspiring personal experiences, community initiatives, and developments within the sight loss sector, making it an important channel for both information and connection.

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Grants Received in 2024/2025

We would like to thank the following grant makers who supported our charitable work in the 2024/2025 financial year:

Alcester Town Council Coventry and District Charitable Trust Develop Warwickshire Community Fund David Family Foundation Dumbreck Charity Edgar E Lawley Foundation The Forrester Family Trust Garfield Weston Foundation George Perkins Charitable Trust The GJW Turner Trust The Goodenough Charitable Trust The Grace Trust Inclusive Communities Fund National Lottery Community Fund Nuneaton and Bedworth Borough Council Royal Leamington Spa Town Council Schroder Charity Trust Warwickshire CC Councillor grants x 5 Warwick District Council The WPH Charitable Trust

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FINANCIAL REVIEW

Financial Performance

During the year, the charity generated an income of £565,416 . Against this, we delivered services and activities with total costs of £690,899 , resulting in an operating deficit of £125,483. This outcome reflects the planned use of our reserves, enabling us to continue supporting blind and partially sighted people across Warwickshire despite wider financial pressures. In addition, the value of our investments reduced by £5,607, in line with global market fluctuations.

Overall, the total reduction in funds for the year was £131,090. This position remains consistent with our financial strategy and commitment to investing our resources in direct support for the people we support.

We completed the fully funded refurbishment of our offices and multi-purpose room during the year. The project created a more welcoming, accessible, and functional space for staff, volunteers, and service beneficiaries. Alongside improving the way we deliver services, the refurbishment also strengthened our assets with an increase in the value of the property by £490,501.

Investment Policy and Objectives

The charity’s reserves have originated from two exceptional legacies in the last few years and are managed to balance financial sustainability with the responsible pursuit of income to support the work of the charity. Reserves are held in both long-term and short-term investment portfolios, with distinct purposes and objectives:

Long-term Investments

Longer term investments are placed with Quilter Cheviot in a charity-specific portfolio, considered ‘locked-in’ for a minimum of 5-7 years. The portfolio is managed on a ‘moderate’ risk basis, with an expected dividend yield of 3.5% plus inflation (CPI) after management fees. The Board of Trustees meet with a Fund Manager at Quilter Cheviot annually, to review the performance of the investment and to ensure it remains aligned to the risk expectations of the Board and its members. Over a five-year period, the moderate-risk portfolio is expected to generate annualised gains (growth) of approximately 15%, with potential losses not exceeding 6%.

Short-term investments

Short term investments are managed on the Charities Aid investment platform, Flagstone, to provide liquidity for operational cashflow, while also enabling the charity to resource new ventures and initiatives as opportunities arise.

This dual approach allows the charity to maintain financial resilience, generate sustainable income, and ensure funds are available to meet both immediate needs and long-term commitments.

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Reserves Policy

The Trustees have reviewed the charity’s reserves and agreed a policy that ensures funds are managed responsibly while safeguarding the charity’s ability to deliver services sustainably.

At 31st March 2025, Warwickshire Vision Support held total unrestricted reserves of £3,572,346 (2024: £3,702,337). Of this, £2,922,340 is not freely available for day-to-day use, as it is either invested in fixed assets or has been designated by the Trustees for specific purposes over the next 1- 3 years.

Breakdown of Unrestricted Funds

Breakdown of Unrestricted Funds
Total unrestricted reserves £3,572,346
Less: funds tied up in fixed assets (property, equipment) (£1,222,340)
Less: designated fund for future service development (funding for Living
Better with Sight Loss project, match funding innovation fund, new (£500,000)
service development eg. family counselling)
Less: designated fund for asset replacement (IT hardware refresh, boiler
and heating system replacement)		 (£50,000)
Less: contingency fund (operational risk provision, redundancies etc) (£400,000)
Less: designated investment in infrastructure and organisational
development (a new satellite office in the north of county)		 (£750,000)
Free reserves available £650,006

Free Reserves

After these designations, free reserves stand at £650,006, representing approximately 12 months of core operating expenditure. The Trustees consider this level appropriate to:

Prudent Use of Reserves

The Trustees recognise that the charity’s reserves are invested to generate income through interest and dividends. This investment income makes an important contribution to our running costs and helps to reduce reliance on short-term fundraising or grant income.

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When considering the use of reserves for infrastructure or service development, the Trustees will act with caution. Any planned expenditure from reserves will be assessed not only in terms of the benefit it brings to service users, but also the financial impact on the charity’s long-term sustainability.

Specifically, the Trustees will ensure that investment in new services, assets, or infrastructure, is likely to generate a comparable return, either by:

This disciplined approach means that reserves are used strategically, balancing today’s needs with tomorrow’s security. By doing so, Warwickshire Vision Support can continue to invest in the future while maintaining the steady income stream from interest and dividends that underpins our financial resilience.

The Trustees will review the reserves policy annually to ensure that the level and designation of reserves remain aligned with the charity’s strategic priorities, risk profile, and income generation strategy.

Trustees recognise that whilst we are very fortunate to have access to free reserves, it is vital that the Charity continues to fundraise year-round to achieve its goals, especially continuing to access small, medium and larger grants to support our work in the community. We hope that our reserves plans offer funders and supporters reassurance that the charity is sustainable and well-managed.

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FUTURE PLANS

Over the coming year, we will continue to develop our services so that blind and partially sighted people across the county can access the support they need, where and when they need it. In particular, we will focus on:

Expanding services in the north of the county : We recognise the higher levels of health inequality in the north of the county and plan to increase our presence there. This will include providing additional IT training capacity to help people improve digital skills, whilst building on our network of support centres and social clubs. These developments will bring vital services closer to those who need them most.

Creating and growing community-based Eye Clinic Liaison Services (ECLOs) : We will work to establish and strengthen ECLO provision within community settings, ensuring that people experiencing sight loss have access to clear referral pathways for our support. Alongside this, we will raise the organisation’s profile with opticians, GP practices, and other local services where people with new or suspected sight problems are likely to visit.

Developing our Vision Impairment (VI) awareness training : We will continue to expand our VI awareness programme, aimed at employers, businesses, and community organisations. This training will raise understanding of the impact of sight loss and highlight the adjustments that blind and partially sighted people would benefit from in workplaces and public services.

Investigate options for a satellite premises in the north of the county: To reduce barriers to access, we will explore options for establishing a satellite base in the north of the county. This would not only make our services more accessible to local communities but would also reduce the environmental impact by minimising the need for unnecessary travel across the county.

Developing services for working age and younger people : We will expand our range of activities and services to better meet the needs of people of working age, including support with employment and training. In addition, we will seek to identify and offer services or activities that are of particular interest to younger people with vision impairment, ensuring that our offer remains inclusive across all age groups.

Expanding use of our new multi-purpose room in Warwick : We will make full use of our new multi-purpose space, which includes a training kitchen, to host a wider range of training and development activities. This facility will allow us to run living with sight loss programmes for individuals (and their family members, friends or carers), adjusting to sight loss, life skills courses, confidence-building sessions, and practical workshops, supporting people with sight loss to live more independently.

Raising Awareness : Sharing the story of our charity and the difference we make is vital every year. By raising awareness, we can ensure that everyone in Warwickshire experiencing sight loss knows where to turn for support. Greater awareness also helps inspire our community of supporters and funders, whose generosity makes it possible for us to continue and grow our life-changing work.

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are required to have a professional or commercial background with a knowledge of business management, and one or more specialities such as legal, HR, financial, publicity, fundraising and administration. We also seek people who have experience of living with sight loss or are professionals in eye care.

Applicants are invited to an interview with a Selection Committee, as defined in the Articles of Association. After interview, the Selection Committee report to the Board, which may invite the Applicant to attend Board meetings on an ad-hoc basis with no right to vote. After attending a minimum of two meetings, the Board may co-opt the Applicant as a Trustee. All Trustees are required to attend seminars and training to ensure that they are aware of changes in legislation.

Each year, one third of the Trustees have to retire by rotation and seek re-election.

The Trustees meet at least quarterly to receive and action management accounts. Additional meetings are scheduled throughout the year to address specific issues and training. The work of the Trustees is organised into four sub-committees which are responsible for producing reports and recommendations to the Board.

Under the Articles of Association, the Trustees are permitted to appoint a Chief Executive Officer (CEO) who has day-to-day responsibility for the management of staff and the running of the charity.

Key management remuneration

The salary of the CEO is determined by the Chair of the Board of Trustees in consultation with the Human Resources Committee following an annual performance appraisal and an assessment of appropriate market rates for the position.

Risk management

The trustees have a responsibility to identify, assess, and regularly review the risks facing the charity. They must also ensure that robust systems and controls are in place to provide reasonable assurance against fraud, error, and mismanagement.

To support this, the CEO maintains a comprehensive Risk Register, which is presented to the Board of Trustees as a standing agenda item at every full Board meeting. This process enables the Board to monitor emerging risks, evaluate the effectiveness of mitigating actions, and ensure the charity operates to the highest standards of accountability and transparency.

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The main (top 5) risks being monitored by trustees at March 2025 are:

Risk 1 : Income from trusts and grants is insufficient to meet charity ambitions and costs associated with charitable service delivery.

Risk Response : Identify new areas of potential funding and lessen the reliance on traditional areas of income generation.

Risk 2 : The charity fails to meet its regulatory or quality obligations in respect of services provided as part of the service level agreement with the local county council, or other charitable services, and suffers reputational and potentially long-term damage.

Risk Response : The Board of Trustees review performance updates provided by the CEO to ensure the team remain sufficiently skilled and qualified, with systems and processes reviewed regularly to ensure delivery of services meet expectations.

Risk 3: The charity fails to secure a renewal of the contract to provide Rehabilitation Services as from 2027.

Risk Response: Ensure the standards and performance requirements of the existing contract are being met, with services and reporting developed on a continual basis to align with the expectations of key stakeholders.

Risk 4 : Loss of key staff jeopardises the delivery of services, especially in areas of Rehabilitation Services where recruitment of appropriately qualified personnel is known to be challenging.

Risk Response : Review and update succession plans on a regular basis, whilst creating a pipeline of personnel undertaking training and formal qualifications.

Risk 5 : Charity data is compromised or interrupted from a cyberattack, leading to the loss of sensitive service beneficiary and other information.

Risk Response: Undertake review of cybersecurity controls, taking regular backups and staff training.

Report of the trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the company directors, on 2nd October 2025 and signed on the Board's behalf by:

........................................................................

Louise Wallis – Chair of Board of Trustees

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WARWICKSHIRE ASSOCIATION FOR THE BLIND

Independent Examiner's report to the trustees of Warwickshire Association for the Blind ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Gregg Olner

2[nd] October 2025

Date

HB&O Ltd Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT

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STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Statutory and rehabilitation services
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Statutory and rehabilitation services
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
19
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
19,714
95,922
33,645
126,307
-
275,588
54,087
213,891
267,978
(5,607)
2,003
(131,995)
(129,992)
3,702,337
3,572,345		 Restricted
funds
£
37,039
252,789
-
-
-
289,828
-
422,921
422,921
-
(133,093)
131,995
(1,098)
33,442
32,344		 2025
Total
funds
£
56,753
348,711
33,645
126,307
-
565,416
54,087
636,812
690,899
(5,607)
(131,090)
-
(131,090)
3,735,779
3,604,689		 2024
Total
funds
£
1,038,781
321,514
650
94,166
-
1,455,111
57,661
571,116
628,777
164,422
990,756
-
990,756
2,745,023
3,735,779

Page 21

WARWICKSHIRE ASSOCIATION FOR THE BLIND

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
Investments
14
Investment property
15
CURRENT ASSETS
Stocks
16
Debtors
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
396,799
1,591,271
825,541
2,813,611
-
34,601
741,245
775,846
(17,111)
758,735
3,572,346
3,572,346		 Restricted
funds
£
-
-
-
-
-
-
170,539
170,539
(138,196)
32,343
32,343
32,343		 2025
Total
funds
£
396,799
1,591,271
825,541
2,813,611
-
34,601
911,784
946,385
(155,307)
791,078
3,604,689
3,604,689
3,572,346
32,343
3,604,689		 2024
Total
funds
£
401,569
1,596,878
335,040
2,333,487
2,255
41,640
1,435,607
1,479,502
(77,210)
1,402,292
3,735,779
3,735,779
3,702,337
33,442
3,735,779

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 22

The financial statements were approved by the Board of Trustees and authorised for issue on 2nd October 2025, and were signed on its behalf by:

.............................................

Louise Wallis – Chair of Board of Trustees

The notes form part of these financial statements

Page 23

WARWICKSHIRE ASSOCIATION FOR THE BLIND

CASH FLOW STATEMENT
for the year ended 31 March 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(138,791)
Net cash provided by/(used in) operating activities
(138,791)
Cash flows from investing activities
Purchase of fixed asset investments
-
Purchase of investment property
(490,501)
Sale of fixed asset investments
-
Interest received
56,006
Dividends received
49,463
Net cash provided by investing activities
(385,032)
Change in cash and cash
equivalents in the reporting period
(523,823)
Cash and cash equivalents at the
beginning of the reporting period
1,435,607
Cash and cash equivalents at the
end of the reporting period
911,784		 2024
£
817,205
817,205
(449,395)
(210,040)
857,874
37,697
39,736
275,872
1,093,077
342,530
1,435,607

The notes form part of these financial statements

Page 24

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Interest received
Dividends received
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
£
Net cash
Cash at bank and in hand
1,435,607
1,435,607
Total
1,435,607		 2025
£
(131,090)
4,770
5,607
(56,006)
(49,463)
2,255
7,039
78,097
(138,791)
Cash flow
£
523,823
523,823
523,823		 2024
£
990,756
5,051
(164,422)
(37,697)
(39,736)
-
23,204
40,049
(817,205)
At 31.3.25
£
911,784
911,784
911,784

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 25

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Preparation of consolidated financial statements

The financial statements contain information about Warwickshire Association For The Blind as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income, including donations and legacies, are recognised where there is entitlement, probable receipt and the amount can be measured with sufficient reliability.

Investment income is recognised on a receivable basis.

Income from charitable activities includes grant funding subject to specific performance conditions. Grant income included in this category provides funding to support charitable activities and is recognised where there is entitlement, probable receipt and the amount can be measured with sufficient reliability.

Grant income received from the UK’s Coronavirus Job Retention Scheme has been recognised in the period in which the related staff expense was incurred. This income has been recognised in other income.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

The notes form part of these financial statements

Page 26

Costs of generating funds are those costs incurred in attracting voluntary income.

Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.

Overhead costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

The notes form part of these financial statements

Page 27

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixtures and fittings - Straight line over 4 years Computer equipment - Straight line over 4 years

No depreciation is provided on the freehold property as the value included within these financial statements is considered to be consistent with the residual value of the asset concerned.

Fixed assets with an individual cost of over £1,000 are capitalised.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation

The charity is exempt from corporation tax on its charitable

Irrecoverable VAT is included in the expense heading to which the invoice relates.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

The notes form part of these financial statements

Page 28

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

The notes form part of these financial statements

Page 29

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

2.
DONATIONS AND LEGACIES
Donations
Legacies
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Rents received
Investment portfolio income
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Contract Income
Statutory and rehabilitation services
Grants
Charitable activity
Grants received, included in the above, are as follows:
W.C.C.
National Lottery Community Fund (NLCF)
Heart of England Charitable Foundation
Garfield Weston Foundation
Other grants below £10,000

The notes form part of these financial statements

Page 30

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

6. RAISING FUNDS

Raising donations and legacies

Staff costs
7.
CHARITABLE ACTIVITIES COSTS
Statutory and charitable services
8.
SUPPORT COSTS
Management
Finance
£
£
Statutory and charitable
services
173,694
921		 2025
£
54,087
Support
Direct
costs (see
Costs
note 8)
£
£
448,171
188,641
Governance
Other
costs
£
£
72
14,026		 2024
£
57,661
Totals
£
636,812
Totals
£
188,641

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Auditors' remuneration - 6,300
Depreciation - owned assets 4,770 5,052
Other operating leases 3,079 4,688

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The notes form part of these financial statements

Page 31

WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

11. STAFF COSTS

2025
£
Wages and salaries
439,787
Social security costs
27,942
Other pension costs
11,123
478,852
The average monthly number of employees during the year was as follows:
2025
Charitable and administrative staff
22
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds

£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,002,413
36,368
Charitable activities
Statutory and rehabilitation services
114,793
206,721
Other trading activities
-
650
Investment income
94,166
-
Total
1,211,372
243,739
EXPENDITURE ON
Raising funds
57,661
Charitable activities
Statutory and charitable services
182,479
388,637
Total
240,140
388,637
Net gains/(losses) on investments
164,422
-
NET INCOME/(EXPENDITURE)
1,135,654
(144,898)
Transfers between funds
(93,641)
93,641
Net movement in funds
1,042,013
(51,257)
RECONCILIATION OF FUNDS
Total funds brought forward
2,660,317
84,706
TOTAL FUNDS CARRIED FORWARD
3,702,330
33,449		 2024
£
413,442
31,428
11,267
456,137
2024
22
Total
funds
£
1,038,781
321,514
650
94,166
1,455,111
57,661
571,116
628,777
164,422
990,756
-
990,756
2,745,023
3,735,779

The notes form part of these financial statements

Page 32

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

13. TANGIBLE FIXED ASSETS

Improvements
Freehold
to
property
property
£
£
COST
At 1 April 2024 and
31 March 2025
396,192
19,398
DEPRECIATION
At 1 April 2024
-
19,398
Charge for year
-
-
At 31 March 2025
-
19,398
NET BOOK VALUE
At 31 March 2025
396,192
-
At 31 March 2024
396,192
-
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024
Revaluations
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Valuation in 2025
Cost		 Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
44,015
2,916
462,521
39,786
1,768
60,952
4,041
729
4,770
43,827
2,497
65,722
188
419
396,799
4,229
1,148
401,569
Listed
investments
£
1,596,878
(5,607)
1,591,271
1,591,271
1,596,878
Listed
investments
£
141,343
1,449,928
1,591,271

The notes form part of these financial statements

Page 33

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

15.
INVESTMENT PROPERTY
£
FAIR VALUE
At 1 April 2024
335,040
Additions
490,501
At 31 March 2025
825,541
NET BOOK VALUE
At 31 March 2025
825,541
At 31 March 2024
335,040
16.
STOCKS
2025
2024
£
£
Stocks
-
2,255
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade debtors
5,258
379
Prepayments and accrued income
29,343
41,261
34,601
41,640
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
135,422
61,414
Social Security and Other Taxes
66
-
VAT
2,049
487
Other creditors
2,760
2,661
Accruals and deferred income
15,010
12,648
155,307
77,210		 15.
INVESTMENT PROPERTY
£
FAIR VALUE
At 1 April 2024
335,040
Additions
490,501
At 31 March 2025
825,541
NET BOOK VALUE
At 31 March 2025
825,541
At 31 March 2024
335,040
16.
STOCKS
2025
2024
£
£
Stocks
-
2,255
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade debtors
5,258
379
Prepayments and accrued income
29,343
41,261
34,601
41,640
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
135,422
61,414
Social Security and Other Taxes
66
-
VAT
2,049
487
Other creditors
2,760
2,661
Accruals and deferred income
15,010
12,648
155,307
77,210		 15.
INVESTMENT PROPERTY
£
FAIR VALUE
At 1 April 2024
335,040
Additions
490,501
At 31 March 2025
825,541
NET BOOK VALUE
At 31 March 2025
825,541
At 31 March 2024
335,040
16.
STOCKS
2025
2024
£
£
Stocks
-
2,255
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade debtors
5,258
379
Prepayments and accrued income
29,343
41,261
34,601
41,640
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
135,422
61,414
Social Security and Other Taxes
66
-
VAT
2,049
487
Other creditors
2,760
2,661
Accruals and deferred income
15,010
12,648
155,307
77,210
2024
£
61,414
-
487
2,661
12,648
77,210

The notes form part of these financial statements

Page 34

WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

19. MOVEMENT IN FUNDS

Net
movement
At 1.4.24
in funds
£
£
Unrestricted funds
General fund
975,307
(38,496)
Clubs and branches and other
financial obligations
47,163
(3,355)
Operations contingency fund
153,596
-
Premises reserve
395,000
-
Long term investment
2,131,271
43,855
3,702,337
2,004
Restricted funds
Home visitor service general
(1,494)
(110,768)
Vision support centres
33,637
(34,039)
Clubs
-
(19,331)
Rehabilitation services
-
31,044
IT4U General
833
-
Equipment
466
-
33,442
(133,094)
TOTAL FUNDS
3,735,779
(131,090)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
226,125
(264,621)
Clubs and branches and other
financial obligations
-
(3,355)
Long term investment
49,463
(1)
275,588
(267,977)
Restricted funds
Home visitor service general
35,846
(146,614)
Vision support centres
43,982
(78,021)
Clubs
(1)
(19,330)
Rehabilitation services
210,001
(178,957)
289,828
(422,922)
TOTAL FUNDS
565,416
(690,899)		 Transfers
between
funds
£
(539,016)
-
-
-
407,021
(131,995)
112,262
402
19,331
-
-
-
131,995
-
Gains and
losses
£
-
-
(5,607)
(5,607)
-
-
-
-
-
(5,607)		 At
31.3.25
£
397,795
43,808
153,596
395,000
2,582,147
3,572,346
-
-
-
31,044
833
466
32,343
3,604,689
Movement
in funds
£
(38,496)
(3,355)
43,855
2,004
(110,768)
(34,039)
(19,331)
31,044
(133,094)
(131,090)

The notes form part of these financial statements

Page 35

WARWICKSHIRE ASSOCIATION FOR THE BLIND NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At 1.4.23
in funds
funds
£
£
£
Unrestricted funds
General fund
94,315
935,100
(54,108)
Clubs and branches and other
financial obligations
51,471
(4,308)
-
Operations contingency fund
153,596
-
-
Innovation fund
-
-
-
Premises reserve
395,000
-
-
Long term investment
1,965,935
204,869
(39,533)
2,660,317
1,135,661
(93,641)
Restricted funds
Home visitor service general
-
(22,185)
20,691
Vision support centres
65,382
(31,745)
-
Clubs
1,758
(16,083)
14,325
Magazine
-
(11,546)
11,546
Rehabilitation services
17,100
(64,179)
47,079
IT4U General
-
833
-
Equipment
466
-
-
84,706
(144,905)
93,641
TOTAL FUNDS
2,745,023
990,756
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
1,170,854
(235,754)
-
Clubs and other financial obligations
(4,308)
Long term investment
40,519
(72)
164,422
1,211,373
(240,134)
164,422
Restricted funds
Home visitor service general
90,715
(112,900)
-
Vision support centres
49,829
(81,574)
-
Clubs
992
(17,075)
-
Magazine
651
(12,197)
-
Rehabilitation services
97,796
(161,975)
-
IT4U General
3,755
(2,922)
-
243,738
(388,643)
-
TOTAL FUNDS
1,455,111
(628,777)
164,422		 At
31.3.24
£
975,307
47,163
153,596
-
395,000
2,131,271
3,702,337
(1,494)
33,637
-
-
-
833
466
33,442
3,735,779
Movement
in funds
£
935,100
(4,308)
204,869
1,135,661
(22,185)
(31,745)
(16,083)
(11,546)
(64,179)
833
(144,905)
990,756

The notes form part of these financial statements

Page 36

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Clubs and branches and other
financial obligations
Operations contingency fund
Innovation fund
Premises reserve
Long term investment
Restricted funds
Home visitor service general
Vision support centres
Clubs
Magazine
Rehabilitation services
IT4U General
Equipment
TOTAL FUNDS		 At 1.4.23
£
94,315
51,471
153,596
-
395,000
1,965,935
2,660,317
-
65,382
1,758
-
17,100
-
466
84,706
2,745,023		 Net
movement
in funds
£
896,604
(7,663)
-
-
-
248,724
1,137,665
(132,953)
(65,784)
(35,414)
(11,546)
(33,135)
833
-
(277,999)
859,666		 Transfers
between
funds
£
(593,124)
-
-
-
-
367,488
(225,636)
132,953
402
33,656
11,546
47,079
-
-
225,636
-		 At
31.3.25
£
397,795
43,808
153,596
-
395,000
2,582,147
3,572,346
-
-
-
-
31,044
833
466
32,343
3,604,689

The notes form part of these financial statements

Page 37

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Clubs and branches and other
financial obligations
Long term investment
Restricted funds
Home visitor service general
Vision support centres
Clubs
Magazine
Rehabilitation services
IT4U General
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
1,396,979
(500,375)
-
(7,663)
89,982
(73)
1,486,961
(508,111)
126,561
(259,514)
93,811
(159,595)
991
(36,405)
651
(12,197)
307,797
(340,932)
3,755
(2,922)
533,566
(811,565)
2,020,527
(1,319,676)		 Gains and
losses
£
-
-
158,815
158,815
-
-
-
-
-
-
-
158,815		 Movement
in funds
£
896,604
(7,663)
248,724
1,137,665
(132,953)
(65,784)
(35,414)
(11,546)
(33,135)
833
(277,999)
859,666

General funds are available for use at the directors/trustees’ discretion in furtherance of the objectives of the charity. Designated funds are amounts set aside out of general funds for use on specific projects. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the charity and amounted to £11,123 (2024: £11,267). Outstanding contributions to the fund at the yearend totalled £1,983 (2024: £1,847).

Defined benefit plans

The charity participates in the Warwickshire County Council Pension Fund, a multi-employer defined benefit final salary scheme where the share of the assets and liabilities applicable to each employer is not identifiable. As such the scheme is accounted for as if it was a defined contribution scheme. The amount recognised as an expense in the period was £nil (2024: £nil) and there was a defined benefit contribution liability of £nil (2024: £nil) at the year end.

The notes form part of these financial statements

Page 38

WARWICKSHIRE ASSOCIATION FOR THE BLIND

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

22. CONTROLLING INTERESTS

The director/trustees are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the charity.

The notes form part of these financial statements

Page 39

WARWICKSHIRE ASSOCIATION FOR THE BLIND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Other trading activities
Fundraising events
Investment income
Rents received
Investment portfolio income
Deposit account interest
Statutory and Charitable activities
Contract Income
Grants
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Charitable activities
Wages
Social security
Pensions
Travel
Support costs
Management
Rent and service charges
Insurance
Light, heat and water
Carried forward		 2025
£
55,253
1,500
56,753
33,645
20,838
49,463
56,006
126,307
210,000
138,711
348,711
565,416
49,662
3,165
1,260
54,087
390,125
24,777
9,863
23,406
448,171
3,079
9,753
12,261
25,093		 2024
£
38,781
1,000,000
1,038,781
650
16,733
39,736
37,697
94,166
210,000
111,514
321,514
1,455,111
52,472
4,036
1,153
57,661
360,970
27,392
10,114
24,599
423,075
4,688
8,998
10,380
24,066

The notes form part of these financial statements

Page 40

WARWICKSHIRE ASSOCIATION FOR THE BLIND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

Management
Brought forward
Telephone
Postage
Photocopying and printing
Stationery
Training
Computer system
DBS disclosures
Repairs and maintenance
Office equipment maintenance
Sundry
Depreciation of tangible and heritage assets
Finance
Bank charges
Other
Investment manager fees
Governance costs
Auditors' remuneration
Legal & professional fees
Total resources expended
Net income/(expenditure) before gains
and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net income/(expenditure)		 2025
£
25,093
6,894
668
26,340
1,826
19,475
12,606
15,697
26,973
26,067
7,285
4,770
173,694
921
-
-
14,026
14,026
690,899
(125,483)
(5,607)
(131,090)		 2024
£
24,066
5,723
601
28,631
1,947
12,064
10,419
16,477
(4,749)
17,010
8,436
5,051
125,676
4,981
72
6,300
11,012
17,312
628,777
826,334
164,422
990,756

The notes form part of these financial statements

Page 41