Compat)y reglstration number.. 07023130
Charity reglstratlon number.. 1138413
Bold Vision
IA company limited by guarantee)
Annual Report and Financial Statement5
for the Year Ended 30 September 2024
Fleld Sullivan Limlted
9 Hare & Billet Road
Blackheath
SE3 ORB

Bold Vlslon
Contents
Reference and Administrative Details
Trustees, Report
2to6
Independent Examiner's Report
7t08
Statement of Financlal Activltles
9tolO
Balance Sheet
li
Notes to the Financial Statements
12to21

Bold Vlslon
Reference and Admlnlstrative Details
Chalr
Davld Holloway OBE
Trustees
Fran￿S Felgate
Gary Hall
David Holloway OBE
John Knepler
David Richards
Charity Reglstratlon Number
1138413
Company Re8lstratlon Number
07023130
The charity is Incorporated In England and Wales.
New Cross Learning
283-285 New Cross Road
London
SE14 6AS
Reglstered Ofllce
Independent Examiner
Field Sulllvan Limlted
9 Hare & Billet Road
Blackheath
SE30RB
Bankers
The Co-operative Bank
Business Directplus
151 Lewi5ham High St
Londom
SE13 6AA
Page I

Bold Vlslon
Trustees, Report
The trustees present thèlr report and financlal statements for the year ended 30 Séptember 2024.
The accounts have been prepared in accordance with the accounting policies set out In note I to the accounts
and comply with the ch3rity'5 constltutlon. the Companies Act 2006 and the Statement of Recommended
Pr8Ctice, "Accounting and Reportlng by Charities" 155ued in March 2005.
Oblettlvès and actlvltles
Bold Vlsion charity's objects are to further or benefit the residents of Telegraph Hlll and surroundlng areas of
South East London, wlthout distinction of sex, sexual orientatlon, race or of politieal, religious or other
opinions, by assoclatlng together the said residents and the local authorltles, voluntary and other
organisations In a tommon effort to advance education arTrd to provide facllities in the interests of social
welfare for recreation leisure time occupatlon with the oblectlve of Improvlng the condStions of Ilfe for the said
residents.
The policie5 adopted in furtherance of these objects provide a charitèble basls and services that enable local
people to develop projects that beneflt local people or, like Feed the Hill, provide them help Immediately to
enable responses to urgent need or emergency.
The Trustees have paid due regard to the guidance issued by the Charity Commission in declding what
actlvlties the charity should undertake ènd how those activities are delivered and monltored. Bold Vision offers
advice on all aspects of charltable endeavour, provides a platform for funding and has usèful cooperatlve Ilnks
with the local council and councilors.
Bold Vlsion has had a successful year in terms of fundraising and the sustainability of our main projects. As an
umbrella body, the organlsation has successfully raised and negotiated funding for our own projects and
others that have required a recognised and trusted loc31 charitable organlsation to accept, monFtor and
account for loc31 authority and charltable grants. Organisations that have used us are The School of Muralism,
Youth First, and the Telegraph Hlll Communlty Network ITHCNI, a group of local organisatlon5 that aim to
collaborate to create good local outcomes.
Publlc benefSt
The Trustees have paid due regard to the guidance issued by the Charity Commission In dedding what
activities the charity should undertake 3nd how those actlvities are delivered and monltored. Bold Vision offers
advice on all aspects of charltable endeavour, provldes a platform for funding and has useful cooperative links
wlth the local council and councillors.
Bold Vlslon Projects..
'Feed The Hill, IFtHI.' over the past year FtH has eontinued to support over 200 people and famllies who are
housebound and otherwlse adversely affectèd by delivering donated food to their door. One day a week FtH
opens Its doors as a Soclal Supermarket, where local people facing economic hardship can pick up a good
range of foodstuffs for free or a small donation. The projeet is malnly organised by volunteers but Bold Vislon
has contraeted with individu31s to help manage what has become a substantlal operation. ThSs Social
Supermarket at 367 New Cross Road is FtH's permanent base that also acts as a storehouse for food dellveries.
Much of the food that FtH provldes and dellvers Is sourced free from supermarkets and whtslesale food
outlet5, which would otherwlse go to waste.
Page 2

Bold Vision
Trustees, Report
'New Cross Learning, INXLI is run entirely by volunteers who. with the help of Bold Vision, toc)k over the New
Cross Library after St was threatened with c105ure by the council in 2013. Since then, it has become an
Important community hub. NXL now runs the library, whlch has a computer sulte, a chlldren's reading and
storytelling area and, in the winter, a Warm Hub, where local people Ilving In fuel poverty can come and sit
and have hot snacks and tea. NXL hosts local schools. offers community advice and energy advice services.
NXL had a testing year financlally in this reporting perSod, but we are pleased to reptsrt that, post balance sheet
date, they have undertaken several successful rounds of fundralslng and are in a much more secure financlal
positlon. golng forward.
Lewlsham and 8romley Credlt Unlon opens wlthin the NXI bullding five day5 a week and offers a safe and
confidentlal space for clients looking for a community-based, ethical banking service.
The Single Parent Support Group helps slngle-parent famllles. Members are offered one-to-one support and
sometimes come together for activities and special events.
Aspinall Road Gardens Is now establlshed under the Bold Vlslon umbrella. Scary Brldge, as it was called, was
palnted by Artmonger5 Wlth the involvement of local people and schools, during the pandemic. Each end of
the bridge was used as a dumping ground for old beds and the like. One end was a regular fly-tipping site with
mounds of builders, rubbish, a dangerous eyesore. Artmongers and the local communlty added a small garden
at both ends, as a way of stopping the fly tipping.
Slnce 2020 the gardens have developed with planters. interesting features, a cupboard Ilbrary and furnlture, all
of which Is used by children, familles and the wider community. AspSnall Gardens has continued developirng
over the years, and with its cupboard library, attracts parents and chlldrèn on their way from school and
others who lust want to sit and reflect In a qulet and beautiful space.
Common Growth is a local community garden run by volunteers. It provSdes food for Feed the Hill. Its
volunteers continued to maintain the garden. which opens between Sprlng and Auturnn for local people to use
and benefit from If they are wlthout a garden or green space of theSr own.
Green 14 maintains the roundabout at the top of Pepys and lerningham Roads. The group have Introduced
wildflowers and shrubs and has transformed this ignored central feature into a green oasi5. They have also
been Involved In rewllding areas or Telegraph Hill Park and have been active in planting and carlng for trees In
the area,
Telegraph Hlll Community Network ITHCNI is an alliance of communlty organlsatlons worklng in the Te5egraph
Hill area. They ralsed funds to contract wlth a part-tlme communlty worker. BV 8dministered the funding and
the contract, which explred on 31 July 2024.
Bold Vision has also contracted wlth a part-time community connector who works part-time on behalf of the
THNC, as funded by NCIL. She has had a noticeable impact on community engagement on the Honor Oak
estate and In promoting vtsluntee¥lng opportunities In the local area. Thls contr3Ct has now expired.
Bold Vision is parl of a network Df loc31 groups that we work alongside and help at certain tlmes. We have
fundraised for local groups. These include Telegraph Hill Welccime5 Refugees whlch alms to house and support
a refugee family,. Facework, which Supports refugees with training courses and a soclal hub,. and fund5
towards Improvlng the local Park.
Page 3

Bold Vlslon
Trtsstees, Report
Financial review
BV has recorded a deficit of £11,01312023'. surplus of £19,165) for the year ended 30 September 2024.
However, BV still htsld5 large reserves agalnst unforeseen events and has maintained an above target level of
reserves wlth regards to the ongolng level of expenses Incurred. The level of reserves held at 30 September
2024 was £124,50012023.. £135,513], with £80,54612023.. £95,120) of thls held in restricted reserve5. Given
the financial position at the balance sheet date, the Trustees have a reasonable expectatlon that the charity
has adequate resources to contlnue to operate for the foreseeable future on a going concern basls In
prÈparlNg the financSal statements.
Bold Vision has reported a surplus for the accounting period and h8S Strong reserves, whlch will be used to
support ongoing and future community activity in the local alèa.
Bold Vision would Ilke to thank..
Actlvate
Alph3track Systems Ltd
Cltlbank Ireland
Forsters Charitable Trust
Groundwork ITescol
Haberdashers School
L&Q Placemakers Fund
Lift & Engineering Servlces Ltd
Lewisham Homes
London Community Funders
Masher Bros Ltd
N3tlonal Post Code Lottery Code
Telegraph Hill Playclub
The Carlng Family Foundation
The London Borough of Lewisham
For thelr generous financlal contributlons towards our work through the ye3r.
We would also like to thank the m3ny individuals who have contributed their tlme as volunteers or who have
used our lust Glving page tts Support our work flnanclallv.
Lastly. we would like to acknowledge the massive contrlbution made to Feed the Hill by the many
organisations, big and small, who recycle a lot ol food that would otherwise go to waste.
Page

Bold Vlslon
Trustees, Report
Structure, Governance and Mznagernent
Bold Vlslon is registered In England and Wales wlth the Charlty Commlsslon In England and Wales ICCEWI wlth
Charity Number 1138413.
The charlty is constltuted as a company Ilmited by guarantee, reglstered under the Companies Acts. The
governing document of the charity is the Memorandum and Artlcles of Association establishing the company
under company legislation (company number 070231301 and incorporated on 18 September 2009.
There are no restrictlons In the governing documÈnts on the operatlon of the charity or on its Investment
powers other than those imposed by ch3rity law. By operatSon of law, all trustees are directors under the
Companies Act 2006 and all directors are trustees under charity legislation and have responsibilities under
both company and charity leglslatltsn.
The trustees oversee thé operations of 8old Vlsion and the projects under it5 umbrella. The trustees meet
regularly with representative5 from the project groups to coordinate the admlnistratlon of the charlty.
Recrultment and Appolntment of New Trustees
As defined withln its constitutlon, the Board must have a mlnlmum of three trustees and a thlrd of thèse must
retire, by rotation, at each AGM. They can be re-appointed if they are wllling to stand again.
Reciultment is undertaken as skills gaps are identified, or trustee5 Stand down. We particularly encourage
people from diverse backgrounds to apply to ensure that our Board is as representative as possible of our local
community.
Trustees and offlters
The trustees and officers (who are also directors for the purpose of company lawl servlng durlng the year and
since the year end were as follows..
Trustees..
Frances Felgate
Gary Hall
David Holloway OBE
John Knepler
David Rlchards
Chalr..
David Holloway OBE
None of the trustees had a beneflcial Interest In the company. All the trustees are members of the companv
and guarantee to contribute £1 in the event of a winding up,
The five trusteesldlrectors of Bold Vlslon regularly meet wlth a voluntary management team comprlsed of
representatives from the projects that tsperate under the yold Vislon umbrella.
Pagè 5

Bold Vision
Trustees, Report
Statement of Trustees, Respon51bilities
The trustees Iwho are also the directors of Bold Vision for the purposes ol company lawl are responslble for
preparing the trvstees, report alld the financial statement5 in accordance wlth applicable law and United
Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), includlng FRS 102
'The Financial Reporting Standard appllcable In the UK and Republic ol Ireland"
Company law requlre5 the tru5tee5 to prepare financlaS statements for each flnanclal year. Under company13W
the trustees must not approve the financial statements unles5 they are satlslled that they glve a true and fair
view ol the state ol affair5 of the charltable company and of the 1ncomlng resources and applic8tlon of
resources, Including its income and expenditure. of the charitable company for that perlod. In preparlng these
financial 5taternents, the trustees are required to:
select sultable accountlng pollcles and apply them cons15tently,'
observe the methods ènd prln¢lples In the Charitles SORP,.
make judgemènts and estimates that are reasonable and prudent,.
state whether appllcable accountlng Standards, comprisin8 FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financial 5tatement5 on the going concern basis unless it is inappropriate to presurne that the
charitable company will Continue in busines5.
The trustees are responsible for keeping propey accountlng record5 that C3n disclose with reasonable accuracy
t any time the financial p051tion of the charltable tompany and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of Iravd and other
The tru5tee5 are responsible for the maintenance and integrity ol the corporate and financial information
included on the charitable company's website. Legislation governing the preparation and dissemination of
flnancial statements may dlffer from legislation *n other jurisdictions.
The annual report was approved by the trustee5 of the charlty on
nd signed on its behalf bv..
David Holloway OBE
Chairman and Trustee
Page 6

Bold Vlslon
Independent Examlner's Report to the trustees of Bold Vlslon {'the Company,)
I report to the charity trustees Iwho are also Dlréctor5 for the purpose of company lawl on My examination of
the accounts of the Bold Vision I'the charitable company'l for the year ended 30 September 2024 which
comprise the Statement of Fln8ncial Activities, the 8alance Sheet and related notes 9 to 21.
This report is made solely to the charity's trustees, as a body, In accordance with sectlon 145 of the Charities
Act 2011. My work has been undertaken so that I mlght state to the charlty's trustees those matters l am
requSred to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responsibility to anyone other than the charity and the charlty's trustee5 as a body, for
my work, for this report, or for the oplnions I have formed.
Responsibilities and basls of report
As the charitvs trustees of Bold Visitsn you are responsible for the preparation of the accounts In accordance
wlth the requirements of the Companies Act 20061'the 2006 Act'l.
Having satlsfled myself thét the accounts of Bold V15ion are not requlred to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examlnatlon of your charlty's
accounts as carried out under section 145 of the Charltles Act 2011 I'the 2011 Act'l. In carrying out my
examination I have followed thÈ Directions given by the Charity Commission under section 14515llbl of the
2011 Act.
An Independent examination does not Involve gathering all the evidence that would be required in an audit
and consequently does not cover all the matters that an audltor considers In giving their oplnion on the
financial statements, The planning and conduct of an audit goes beyond the limited assurance that an
independent examination can provide. Consequently l expiess no opinion as to whether the flnanclal
statements present a 'true and fair, view and rny report is Ilmlted to those specific matters set out in the
independent examinerfs statement.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attefltion In connectlon wlth the
examinatlon glvlng me cause to believe..
l. accounting records were not kept in respect of 8old Vlslon as requlred by sectlon 386 of the 2006 Act,. or
2. the accounts do not accord wlth those records; o
3. the accounts do not comply wlth the accounting requlrements of Section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and falr vlew, which Is not a matter considered as part of
an independent examlnation,. or
4. the accounts have not been prepared in accordance wlth the methods and principles of the Statement of
Recommended Practic@ for accounting and reporting by charities applScable to charities prepèring their
accounts in accordance with the Financlal Reportin8 Standard applicable In the UK and Republlc of
Ireland IFRS 1021.
I have no concerns and have corne across no other matters in connectlon wlth the examlnatlon to which
attention should be drawn in thls report In order to enable a proper understanding of the accounts to be
reached.
Page 7

Bold Vislon
Independent Examlner's Report to the trustees of Bold Vlslon {'the Company,)
Tirn Sullivan FCA
Fleld Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB
Page 8

o) o
* Ln ¢0

Bold Vlslon
(Registration number: 070231301
Balance Sheet as at 30 September 2024
2024
2023
Note
FIMed assets
Tangible assets
14
10,559
16,248
Current assets
Debtors
15
737
773
Cash at bank and in hand
16
114,956
120,184
115.693
120.957
Credltors,. Amounts falllnK due wlthln one year
17
11,7521
11.6921
Net current assets
113,941
119,265
Nèt assets
124,500
135,513
Funds of the charity:
Restrlcted income funds
Restricted funds
80,546
95,120
Unrestricted intome funds
Unrestrlcted lunds
43,954
40,393
Total funds
18
124,500
135,513
For the financial year ending 30 September 2024 the charity wa5 entitled to exemption from audit under
section 477 of the Companies Act 2006 relatln8 to small companies.
Directors, responslbilltles:
The member5 have not requlred the charlty to obtaln an audlt of it5 aeeounts lor the ye3r in question i
accordance with sectlon 476.. and
The dlrectors acknowledge their responslbtlities for cofflplytng wlth the requirernents ol the A¢t wlth
respect to accounting records and the preparation of accounts.
statements on pages 9 to 22 were approved by the trustees, and authorised lor issue on
and slgned on their behalf bv..
David
oway QBE
Chalrman and Trustee
David Richards
TIu5tee
The note5 on pages 12 to 22 form an Integral part ol these Ilnanclal statements.
Page 11

Bold Vision
Notes to the Financlal Statements for the Year Ended 30 September 2024
I Charlty status
The charlty is limited by guarantee, incorporated in Eneland and Wale5, and consequently does not have share
capital. Each of the trustees 15 liable to contribute an amount not exceedSng £10 towards the assets of the
charlty In the event of liquldation.
The address of its registered office Is..
New Cross Learning
283-285 New Cross Road
London
SE14 6AS
These financial statements were authorised for Issue by the trustees on 14 July 2025.
2 Accountlng pollcle5
Summary of si8nlflcant aetounting policles and key accounting estlmates
The prlncipal accounting policles applied in the preparation of these financial statements are set out below,
These policies have been con51Stently applied to all the years prèsented, unless otherwlse stated.
Statement of compllance
The financial statements have been prepared In accordance with Accounting and Reporting by Charities:
Statement of Retommended Practice applicable to charities preparing Ihelr accounts in accordancè with the
Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191
(Charities SORP IFRS 1021- Second edltlon October 20191, the Financi81 Reporting Standard applicable in the
VK and Republlc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charities Act 2011.
Basls of preparatlon
Bold Vision meet5 the definition of a publlc beneflt entity under FRS 102. Assets and liabilities are Initbally
recognlsed at hlstorical c05t or transactlon value unless otherwise stated sn the relevant accountlng policy
notes.
Golng concern
The trustees consider that there are no materlal uncertainties about the charlty's abSllty to contlnue as a going
concern nor any slgnlflcant areas of uncertainty that affect the tarrying value Of asset5 held by the charlty.
Exemptlon from preparlng a cash flow statemènt
The charity opted to early adopt Bulletin I publlshed on 2 Fèbruary 2016 and have therefore not Included a
cash flow statement in these financlal statements.
Page 12

Bold Vlslon
Notes to the Flnancial Statements for the Year Ended 30 September 2024
Judgèments and key sources of estimation uncertalnty
In the application of the charity's accounting policies, the trustee5 are required to make judgements, esiimates
and assumptions about the carrying amount of assèts and liaiiilitles that are not readlly apparent from other
Sources. The estimate5 3nd associated assumptlons are based on hlstorbcal experience and other factors that
are consldered to be relevant. Actu81 result5 may differ from thesè estirnates.
The estimates and underlylng assurnptions are revSewed on an ongoing basis. Revisions to accounting
estimates are recognised In the periods in which the estimate is revised where revislons affects only that
period, or in the period of the revision and futL4re periods where the rèvisions affects both current and future
periods.
Income and endowments
All Income is recognlsed once the charity has entltlement to the income, It Is probable that the income wlll be
received ènd the 3mount of the Income receivable can be measured reliably.
Donotions and legucles
Donations are recognised when the charity has bèen notlfled In writing of both the amount and settlement
date. In the event that a donation Is sublett to conditions that require a level of perftsrmance by the charlty
before the cfvarity is entitled to the funds, the income Is deferred and not recognised until elther those
tonditions are fully met, or the fulfilrnent ol those conditions is wholly within the control of the charlty and tt 15
probable that these conditions will be fulfilled In the reporting period.
Grnnts receivuble
Grants are recognlsed when the charity has an entltlement to the funds and any tonditions linked to the grants
have been met. Where perforrllance conditions are attached to the grant and are yet to be met, the income Is
recognised as a Ilabilify and included on the balance sheet as deferred Income to be released.
Investment Income
Dividends are ¥eeognlsed once the dividend has been declared and notlflcation has been recelved of the
dividend due.
Expenditure
All expenditure Is recognised once there is a legal or constructive obllEatSon to that expendlture, It Is probable
settlement 15 required and the amount C3n be measured rellably. All costs are allocated to the applicable
expenditure heading that a8gregate similar costs to that category. Where costs cannot be directly attrlbuted to
particular headlngs they hav@ beeh allocated on a basls ctsnsi5tent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation char8es allocated on the portion of the asset's use.
Other support Costs are allocated based tsn the spread of staff costs.
Ruising Junds
These are costs Incurred in attracting voluntary Income, the management of Investments and those incurred in
trading activltles that raise funds.
Page 13

Bold Vlslon
Notes to the Flnancial Statements for the Year Ended 30 September 2024
Churltuble octffvities
Charitable expenditure comprlses thosé costs incurred by the charfty in the delivery of Its activities and
services for its beneficiaries. It Includes both costs that can be allocated directly to SLtch activities and those
costs of an indirect nature necessary to support them.
Grantprovlslons
Provisitsn5 for grants are made when the Intentlon to make a grant has been communicated to the reclpient
but there is uncertainty about elther the tlming of the grant or the amount of grant payable.
Support tosts
Support costs include central functions and have been allocated to actlvltv Cost categories on a basls
conslstent ￿t￿ the Use of resources, for example, allocatlng property costs by floor areas, or per capit3, staff
costs by the time spent and other costs by their usage.
Taxatlon
The charity is considered to Pas5 the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and
therefore It meets the deflnition of a charltable company for UK corporatlon tax purposes. Accordingly, the
charlty Is potentially exempt from taxation in respect of income or capital gains received wlthln categories
covered by Chapter 3 Part 11 of the Corporation T3x Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or galns are applied excluslvely to charltable purposes.
Tanglblè flxed 355ets
Individual fi'xed assets costing £500.00 or more are Inltlally recorded at cost, less any subsequent accumulatéd
depreclatlon and subsequent accumulated Impairment losses.
Depreciation and amortlsatlon
Deprèciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows..
Asset class
Land and buSldings
Fixtures. flttings and equipment
Computer equlpment
Motor vehicles
Deprtclation method and rate
straighi line at IO% per year
straight Ilne at 20% per year
straight Ilne at 20% per year
Stralght line at 20% per year
Cash and cash equivalents
Cash and cash equivalents comprlse cash on hand and call deposits. and other short-term hlghly liquid
Investments that are readily convertible to a known arnount of cash and are subject to an Snslgnlficant risk of
chan8e in value.
Page 14

Bold Vislon
Notes to the Financial Statements for the Year Ended 30 September 2024
Fund structure
Unrestrlcted Income funds are general fijnds that are avallable for use at the trustees dlscretlon in furtherance
of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for speciflc purposes, the use of
whlch Ss restricted to that area or purpose.
3 Income from donatlons and legac5es
Total
2024
Total
2023
Donatlons and legacies;
Appeals and donations
Grants, IncludSng capital grants;
New Cros5 Gate Trust
45,712
22,847
4(X)
London Communlty Ftsundatlon
Telegraph Hill
7 Stars Found
7,098
550
The Postcode Society
Actlon Against Hunger
The Caring Family
London Borough of Lewlsham
Lewisham Homes
L&Q Placemakers
Groundwork- Tesco Bag5 of Help
Bromley Community Link5
Lewisham Local
14,20CI
4,167
6,400
31,169
49,700
5,241
5,000
I,oc
1,350
14,500
1,000
111,096
100,038
4 Income from charltable actlvltles
Total
2024
Total
2023
Mayor's fund for London
1,000
Page 15

Bold Vlslon
Notes to the Flnanclal Statements for the Year Ended 30 September 2024
5 Income from othertradlng artlvltles
Totsl
funds
Total
2023
Trading income,.
Ticket/bar sales
5,978
9,158
5,978
9.158
6 Investrnent income
Total
2024
Total
2023
Interest receivable and slmllar Incorre,.
Interest receivable on bank deposits
Income from rents
40
29
5,565
8,540
5,605
8,569
7 Expendlture on ralslng funds
al Costs of generatlng donatlons and legacles
Total
2024
Total
2023
Donations
279
376
8 Expenditure on charltable actkvltles
Total
2024
Total
2023
Note
Grant fundlng of actlvStles
Dlrect project costs
Support costs
33,644
62.007
37,762
14,223
56,559
28,442
133.413
99,224
Page 16

Bold Vlsion
Notes to the Financlal Statements for the Year Ended 30 September 2024
9 Analysls of support costs
Total
2024
Total
2023
Dèpreclation, amortlsation and other slmllar costs
Premises expenses
Insurance
5,690
11,160
1,553
8.324
7,793
6,563
1,416
1,665
Repèlrs and rn31ntenance
Administrative expensé5
Computer software and rnaintenance
Printing, postage and stationery
Sundries
jj
1,830
4,903
1,790
760
572
5,679
2,686
376
Independent examSnation
1,752
1,692
37.762
28,442
10 Taxatlon
The charlty Is a registered charity and is therefore exempt from taxation.
11 Net Intom1n￿oUtg01ng re50ur¢es
Net loutgoingllincoming resources for the year include:
2024
2023
Depreclatlon of fixed assets
14
5,690
7,793
12 Trustees remuneratlon and expenses
No trustees, nor any persons connected with them, h8ve re￿iVed any rÈrnuneration from the charity during
the year.
No trustees have received any rèimbursed expenses or any other beneflts from the charity during the year.
13 Related party transactlons
There were no related partytransactions in the year.
Page 17

Bold Vision
Notes to the Flnancial Statements forthe Year Ended 30 September 2024
14 Tanglble fixed a55ets
Leasehold
Improvements
Furnlture and
equlpment
Motor vehlcles
Total
Cost
At l October 2023
112,199
56.636
4,475
173,310
At 30 September 2024
112,199
56,636
4,475
173,310
Depreclatlon
At l October 2023
Charge for the year
106,199
2,2S6
47,283
2,538
3,S80
895
157,062
5,689
At 30 September 2024
108,455
49,821
4,475
162,751
Net book volue
At 30 Septernber 2024
3,744
6,815
10,559
At 30 September 2023
9,353
895
16,248
15 Debtors
2024
2023
Prepayments
737
773
16 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
72
1,260
118,924
114,884
114,956
120,184
17 Credltors: amounts falling due wlthln one year
2024
2023
Accruals
1,752
1,692
Pa8e 18

Bold Vision
Notes to the Financlal Statements for the Year Ended 30 September 2024
18 Funds
Balance at
30
September
2024
Balance at I
October
2023
In¢omlng
resources
Resources
expended
Transfers
Current period
Unrestrlttèd funds
General
General Funds
40.393
34,203
133,8881
3,246
43,954
Restricted funds
New Cross Llbrary
Common Growth
Syrlan refugees
Other activities
26,469
431
11,621
127,7881
10,302
431
1,492
5,268
55,098
1,492
3.888
64,433
4,801
69,154
14,6811
157,8191
11,5001
12,0001
Feed the Hill
Telegraph Hlll Welcomes
Refugees
Telegraph Hill Community
Network
11271
127
6.489
2,900
19,5161
127
95,120
88,476
199,8041
13,2461
80,546
Total lunds
135,513
122,679
1133,6921
124,5(M)
Page 19

Bold Vision
Notes to the Flnanclal Statements for the Year Ended 30 September 2024
Balance at
Balance at i
October
2022
Incomlng
resources
Resources
expended
September
2023
Transfers
Prevlous perlod
Unre$trl¢ted fund5
Generol
General Funds
42,301
20,217
124,3751
2,250
40,393
Restrlcted funds
New Cross Library
Common Growth
15.322
431
27,604
116,4571
26,469
431
Syrian refugees
Other activities
Feed the Hill
Telegraph HS11 Welcomes
Refugees
Telegraph Hlll Cornmunity
Network
1,492
3,451
50,412
1,492
5,268
55,098
3,833
54,798
12,0161
148,1121
12,OOL)I
39
713
18791
11271
2,900
11,600
17,7611
12501
6,489
74,047
98,548
175,2251
12,2501
95,120
Total funds
116,348
118,765
199,6001
135,513
The speclflc purpose5 for which the funds afe to be applled are as follows..
Property Improvements fund for additions and Improvèments to the library, New Cros5 Learning.
New Cross Library - funds to enable to continue the operation of a communlty library servi￿$ on the New
Cross Road.
Common Growth - funds to enable to contlnue the operatlon of a communlty garden on Sandbourne Road.
Syrian refugees funds to enable to continue the work involved Sn building closer links between residents of
Tèlegraph Hill and Syrian refugees.
Other activities - small funds for variou5 small community environmental projects eg Green 14 and Asplnall
Road Community Gardens.
Feed the Hlll funds to enable to continue the operation of a soclal supermarket and food deliveries to
housebound members of the north Lewisham communlty.
Telegraph Hill Welcomes Refugees- fundlng for a project aiming to house refLtgees In our communitv.
Telegraph HS11 Communlty Network- funding for A Community Connector contract for the communlty network.
Artmongers funds to help reset the School of Muralism.
Youth Programme - funding for a youth project on the Honor Oak Estate.
Fund transfers comprised a transfer of £2.000 from FTH to BV Solo as payment for accounting and other
governance services,. a correctlon to the Mini Meadow balance that was overstated,. and some write offs of
negative balan￿$ on funds that have closed.
Page 20

Bold Vislon
Notes to the Financlal Statements for the Year Ended 30 September 2024
19 Analysis of net assets between funds
Unrestrlrted
funds
General
Total funds at
30 September
2024
Restrlcted
funds
Current period
Tanglble flxed assets
Curr&nt assets
22
10,537
70,009
10,559
115,693
11,7521
45,684
11,7521
Total net assets
43,954
80,546
124,500
Unyestrlcted
funds
General
Total funds at
30 September
2023
Restricted
funds
Previous perlod
Tangible fixed assets
Current assets
22
16,226
78,894
16.248
120.957
11,6921
42,063
11,6921
Current1SabilltSes
Total net assets
40.393
95,120
135,513
Page 21