Myvision Oxfordshire Supporting Visually Impaired People Myvision Oxfordshire Ltd Trustees, Annual Report and Accounts Year Ending 31 March 2025
Contents Chair's Statement 1. About Myvision 1 .1 Objectives and Strategy 2. Our Performance 2.1 Our Services 2.2 Progress Towards our Objectives 2.3 Risks and Challenges 3. Our Organisation 10 3.1 Governance 10 3.2 Volunteers and Staff 11 4. Financial Statements 13 Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement 16 17 18 19 Appendix - Reference and Administrative Details 30
yvision Oxfordshire Ltd Chaitrs Statement l am pleased to be able to report a successful year of progress for Myvision Oxfordshire towards our objectives. Our mission is to support visually impaired people in Oxfordshire, as we have been doing for nearly 150 years. The services that we offer, and how we offer them, changes over time and in 2022, we set out on a strategy to move the organisation forwards, with four key objectives: To establish a firm financial footing. To expand the services that we offer to all parts of Oxfordshire. To expand the existing range of serrfices that we offer. To be recognised as the key provider of such services. In the year under report, we have maintained the success we reported in the previous year, securing income, excluding legacies, of around £500k in both years. We are mindful of our responsibility to finance our activities as we are a charity without permanent funding, and we need to raise money from a variety of sources. Our small and dedicated fundraising team is achieving considerable success across a wide range of donors, including regional and local government, charities, companies, and individuals. The success shows in our results. in 2021122 income excluding legacies was £227,729 and in 2024125 it was £504,146, in other words more than double in just three years. Our success enabled us to build our staff levels to expand the range of services that we offer. It is our staff that make us the success we are today; they deliver the majority of our services to our clients, along with support from our volunteers. We are also proud that we practice what we preach; we value lived experience of sight loss and over half our staff team have some form of visual impairment. This means that they readily engage with our clients as they understand the issues and know the
Myvision Oxfordshire Ltd difficulties first hand. Our current staff levels mean that in the last year we have been able to continue to offer an increased range of social groups and Green Walks across the County, as well as providing technical training and Children's services. As a result of our increased activities and collaboration with other local and national organisations, l am confident that we are becoming recognised as a key service provider regarding sight loss. This means that we are well positioned both to raise more funds and to access and work alongside other service providers in the region, enabling a more integrated approach to dealing with the many problems associated with sight loss. In addition to our staff, we have many volunteers who provide invaluable support in delivering our services. I give many thanks to these volunteers, who help us in so many ways, and also to our Board of Trustees who all give their time on a voluntary basis and provide me with support and guidance as we debate how best to manage and grow. l also give thanks to the many donors who contribute to our work. The previous couple of years were remarkable in making progress towards our strategy of consolidation and growth. The year under report has maintained this success, but I know that we must not get ahead of ourselves. Whilst we will continue to grow, the next year or so needs to build on what we have and ensure that we do not get over-extended financially. Details on all the above activities and a broader description of the range of services that we offer are contained in the Annual Report. This is a lengthy document but contains a lot of valuable information. I hope that you find time to read it and reflect on the remarkable journey that we are on., to build Myvision into being able to support more clients with a broader range of seniices than ever before.
Myvision Oxfordshire Ltd About Myvision 1. About Myvision 1.1 Objectives and Strategy The charitable objective of Myvision Oxfordshire, as set out in the governing document, and its main aim, is to promote the relief of and to support visually impaired people living in Oxfordshire and its surrounding area in such ways as the trustees think fit to enable them to live independent and active lives. The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The Board and their staff have long recognised the need for a comprehensive and coherent strategy in a changing community. Currently, the areas of focus are: Creating a stable long-term platform of funding sufficient to enable Myvision to support the baseline set of services and to reach satisfactory level of reserves. Extending Myvision's geographical reach within Oxfordshire to reach a broader base of clients. Expanding the existing range of services offered to people in Oxfordshire with visual impairment. Moving to a position of being recognised as a key provider of services to those with visual impairment in Oxfordshire Our objectives for 2022-2027 are: To be actively connected with visually impaired people throughout Oxfordshire, providing skills and support to help them thrive in the modern world.
Myvision Oxfordshire Ltd About Myvision This will be achieved with the following key priorities: Identity. Form a new name, brand, values, and identity shared by our staff, trustees, volunteers, and clients. Community. Provide greater outreach into the wider community, services are shared across Oxfordshire, both in rural and urban areas. The Resource Centre is a hub and resource to reach out and engage with people within their own community. Technology. Ensure visually impaired people have the training and knowledge to get online, connect and use tech to their full potential. Well-being. Provide the right support, through counselling, befriending, social and sports activities, ensuring people are living healthy and active lives.
Mywision Oxfordshire Ltd Our Performance 2. Our Performance 2.1 Our Services Helpline The Myvision helpline is available Monday - Friday 10am 4pm. Staff work with visually impaired people and their families to provide a connection across the County. Befriending The Myvision Oxfordshire Befriending Service is available across Oxfordshire for those that need it. Visually impaired people are matched with volunteers in their area or over the telephone depending on individual requirements. Befriending can provide a vital connection for those that are feeling isolated and help many people enjoy activities within their community. Information and advice Information and advice can be given over the telephone or in person at our Resource Centre or at one of our many meetups and information days across the County. Advice can range from simple adaptations, gaining employment, transport, and much more. Equipment Provision The Resource Centre provides a vital hub for Oxfordshire, demonstration equipment is available to try, this includes large video magnifiers, smartphones and tablets, or simpler items such as talking clocks and watches. Technology Training Technology is a big part of society, but many visually impaired people are left behind and feel cut off. The technology training service provides one- to-one support, both at Bradbury Lodge and with the Tech Buddy scheme, offering training on using devices to get online and connect with others.
yvision Oxfordshlre Ltd Our Performance Social Activities There are many thriving social groups across the County, these can be places to meet new people, learn, and support each other and to help people feel more connected with their community. As part of our Community Engagement Project, several new groups have been started in 2024125 including: Bicester, Chipping Norton and Kidlington. Children and Young People Support for young people and their families is vital. Myvision connects with many visually impaired children and young people in Oxfordshire. Our service includes support and guidance, social activities, specialist sports and tailored workshops. Counselling Volunteer counsellors are available to chat either in person or over the telephone with visually impaired people across Oxfordshire. The seriCe is unique in that the counsellors all have lived experience of sight loss themselves and have a deeper understanding of the needs and challenges someone might face when losing their sight. Sight Advice Desk The Sight Desk at the John Radcliffe Hospital reopened in October 2022. Volunteers are available to inform and support those who attend Eye Hospital appointments. Community Engagement Pn?ject Myvision launched its new Community Engagement Project in June 2022 covering South Oxfordshire and Oxford City. The project aims are to bring Myvision services into local areas across Oxfordshire, including Information and Equipment days at local libraries and community centres, peer-to-peer support groups, befriending partnerships, awareness raising and training. The project expanded to The Vale of White Horse in 2023 and into West Oxfordshire and Cherwell in 2024.
yvision Oxfordshire Ltd Our Perforrnance Green Walks In 2023, Myvision Oxfordshire worked with Oxfordshire County Council and Natural England on a report highlighting the barriers visually impaired people face in accessing green and blue spaces. From the report, a pilot project was established to set up a walking group in the Didcot area. Further funding was secured, and the walking groups expanded in 2024- 25 to include Didcot, Abingdon, Oxford, Witney and Banbury. In September 2024 Myvision won the Visionary Inspire Award for the Green Walks Project. 2.2 Progress Towards our Objectives The key objectives carried out through 2024125 have been to consolidate our Community Engagement Project in all parts of Oxfordshire, including continued work in West Oxfordshire and Cherwell, where we had previously created new social and Green Walks groups. Our Get Connected Project has continued to support people to get online, and we have developed more Tech Buddy partnerships. Our Children and Young People's work has taken longer to establish than planned but is now developing throughout the County. Our objectives for 2025126 are to: Continue to support and grow the network of activities and peer support groups across Oxfordshire. Continue to support people to get online and ensure they are digitally included. Expand our Children's work giving young people and families more support and activities in their area. Our aim is to ensure greater wellbeing outcomes for blind and visually impaired people through various activities and work towards preventative projects such as our peer support groups and Green Walks. 2.3 Risks and Challenges
yvision Oxfordshlre Ltd Our Performance The Trustees regularly review the major risks which the charity faces, and systems are in place to mitigate these risks while ensuring that the needs of Myvision Oxfordshire continue to be met. Risk assessments are conducted as required and a register is maintained to monitor these risks. Project delivery risk To mitigate the risk of not delivering projects in line with the objectives and within the approved budget, we focus on providing seniices that are suitable to the size of the organisation aligning with the strategy and business plan. Where possible, Myvision also works in collaboration with other organisations to provide the best possible outcomes for the blind and visually impaired. Inability to secure sufficient funding As a charity without long term sources of income perhaps our greatest challenge is to raise sufficient funds, year after year, to enable us to continue to offer the range of sep4ices set out above. As noted in the Chair's Statement, the previous two years were very successful and doubled our income; the year under report demonstrates consolidation of this success. This is due to the efforts of our fundraising team and our management. The intention remains to diversify and increase Myvision Oxfordshire's sources of income to reduce the risk of damage when individual sources fail. The Finance Committee regularly reviews our reserves levels, fundraising activities and maintains a close watch on both income and expenditure. Regulatory and govemance risk Management and the Trustees monitor and oversee the risk management process. They assess new regulations in detail to understand the impact on Myvision's policies and processes and where required seek advice and support from professional advisers, including solicitors, investment managers, property consultants and accountants.
yvision Oxfordshire Ltd Our Organisation 3. Our Organisation 3.1 Governance The Board of Trustees governs the charity and delegates day-to-day management of the charity to the Chief Executive. The full Board of Trustees meet with the Chief Executive four times per year and as necessary. The board regularly reviews the skills and experiences of the board members. When gaps are identified a recruitment process will begin; a panel made up of at least two trustees and the Chief Executive review applications and interview candidates to present to the board for approval The Charity CEO inducts new trustees as appropriate. This includes reference to the Charity Commission guidance for new trustees. When necessary, the trustees seek advice and support from the charity's professional advisers, including property consultants, investments managers, solicitors, and accountants. The current Trustees comprise: Professor Adrian Hill (President) Guy Lawfull (Chair) Julian Bagwell ejice Chair) Chinonye Nzewi (Treasurer) Anna Driver Simon Holt (co-opted May 2024) io
Myvision Oxfordshire Ltd Our Organisation Janet Johnson Anita Lightstone Margaret Simpson Aimee Tuzzio (co-opted June 2025) Information on the Trustees can be found on our website, MyVision.org.uk At the 2025 Annual General Meeting, the terms of the following trustees will expire: Guy Lavrfull Julian Bagwell Janet Johnson All three of the above trustees are standing for re-election. As Guy Lawfull has already served three terms as a Trustee, he can only continue for a maximum of two more terms if the Trustees pass a resolution under the terms of paragraph 3.6(ii) of the Articles of Association. that resolution has been passed. In addition, Aimee Tuzzio is standing for election as a Trustee, having previously been co-opted. 3.2 Volunteers and Staff Volunteers Myvision Oxfordshire relies on the help of over 90 volunteers who make home visits, contribute to technology training, send out the newsletter, help in the office, pick up and count collection boxes and run social groups. Their contribution is invaluable and hugely appreciated.
yvision Oxfordshire Ltd Our Organisation staff The staff team brings a wide range of valued expertise and experience to supporting people with visual impairments and their careers, as well as other professionals and agencies, with a wide variety of concerns and queries. The team works closely with our partners in the health, education, social care and charity sectors to pursue an improved quality of life for people living with sight loss in Oxfordshire, and for their carers. Myvision Oxfordshire highly values lived experience of sight loss and to date over 60% of the staff team live with a visual impairment. 12
yvision Oxford5hire Ltd Financial Review 4. Financial Statements Introduction The Trustees (who are also directors of Myvision Oxfordshire Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and regulations. The financial statements comply with current statutory requirements, being the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102, effective 1 January 2015, with Update Bulletin 1, and Myvision Oxfordshire's governing documents. Unrestricted Funds The net surplus (after transfers and revaluation of investments) on unrestricted funds for the year was £20,945 (2024: net surplus of £154,134). Unrestricted funding pays for basics like staff overheads and other expenses towards charitable activities which, though essential, tend to be unattractive to donors. Investment policy Myvision Oxfordshire held investments valued at 31 March 2025 at £149,195 (2024: £143,081). The increase was due to a small gain in the valuation of holdings over the last 12 months period due to the market improving. The dividend received for this fiscal year was £8,628 {2024: £6,928). Reserves policy Myvision Oxfordshire plans to hold free reserves to cover six months of expenditure, excluding depreciation, to ensure that it can meet its objectives in the medium term. As of 31 March 2025, the value of freely available unrestricted resepdes was £422,725 (2024: £408,280) (see p29), which meets this policy. The amount held in reserves was monitored during the year as part of 13
Myvision Oxfordshire Ltd Financial Review the Charity's budgetary and risk management process. Given the inflationary environment in the year resulting in increased costs and following the expansion of services offered across Oxfordshire, reserves were increased to 8 months to meet any unforeseen operational costs and to avoid any disruption to services. Designated Funds Included in the freely available cash resenies of £422,725 there is balance of £61,195 set aside for Community Engagement and within the Vale of White Horse. Restricted Funds The net deficit (after transfers) on restricted funds for the year was £28,589 (2024: net surplus of £19,392). Comparison to year 2023-24 It is noted that during the year under report, our expenditure was more than income (excluding depreciation and before legacies) by £50k. The total amount of legacies received during the fiscal year was £54K. Legacies are vital to Myvision Oxfordshire's work and should be used to fund expansion across services rather than support our core work. The fundraising strategy is to focus on multi-year grants, followed by larger trusts, whilst continuing to build other income streams. 2024-25 had a good start and fundraising picked up within the year which enabled us to start 2025 with a solid funding base, including the third year of our four- year grant from the National Lottery Community Fund. Summary The total deficit in the year, taking restricted and unrestricted funds together, was £7,644 (2024.. surplus of £173,526). Together with balances brought-forward of £921 ,841 the total of Myvision Oxfordshire's funds at 31 March 2025 was £914,196 of which £461,773 was held in tangible fixed assets (principally Bradbury Lodge). Myvision Oxfordshire has sufficient unrestricted reserdes to meet its reserves policy. The Trustees are satisfied that the charity is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that 14
yvision Oxfordshire Ltd Flnancial Review no member or members have requested an audit pursuant to section 476 of the Act. The Trustees acknowledge their responsibilities for: (i) Ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act; and {ii) Preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity. The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard 102. Signed for and on behalf of the Trustees Date: Guy Lawfull Chair 15
Myvision Oxfordshire Ltd Independent Examinerfs Report Independent Examinerfs Report to the Trustees of Myvision Oxfordshire Ltd I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025 which are set out on pages 16 to 29. Responsibilities and basis of the report As the charity's trustees of the Company (who are also the directors of the company 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 for this year 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 Examlner's statsments I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that.. acoounting records were not kept in accordance with section 386 of the Companies Act 2006., or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 .the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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. Nicola Cadwallader FCCA Independent Examiner David Cadwallader & Co Limited Chartered Certified Accountants Suite 3 Bignell Park Barns Chesterton OX26 1 TD Date aoas 16
Myvision Oxfordshire Ltd STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT 2024125 2023124 Notes Unre51ricted Funds Re$trf¢tod Total Funds Funds 2024r25 Unresiricted R&$trlcted Fund5 Funds Total Funds 2023124 Ineome from: Don81ions Lega¢i&8 Charitable aclivili8s Other trading activities Inveslrngnts Other Incom6 174,045 54,215 4,445 9,033 17,521 244,748 418,793 54,215 4,584 9,033 17,521 185,112 160.254 7,382 2,766 11,428 273.978 459,09) 1eo,254 7,382 2.766 11.428 060 139 Total Incom8 Expondlture on: Ralslng funds Charitable activities 12 2 661980 74,089 1,212 75,301 64.940 64,994 Totsl èxp•ndltur• Nel galns I110sse61 on inveslmonts 31 Net Incomgllèxp•ndlturel 75,584 183,2291 17,6451 195,088 121,5401 173,S26 Transfors betwe8n funds Nat Movement In Fund$ Reconclllatlon of fund8: Funds broughl.forward Unrestricted funds Restricted funds Totgl fund8 carded forward 20,944 128,5891 17,8451 154,134 19,392 173,526 547.15B 547,158 374 683 393,024 393,024 35 3SS 291 All ol the above amounts relate lo conlinulng acllvilies. All recognised gains and losse5 are disclosed in the Statement of Finan¢lal Activitles. The notes on page5 19 to 31 form part of these financial statements. 17
Myvlslon Oxfordshire Ltd BALANCE SHEET AS AT 31 MARCH 2Q25 Notes Totsl Funds at 31 Total Funds at 31 M8rch 2025 March 2024 FIXED ASSETS Tangible Assets Investments TOTAL FIXED ASSETS 461,773 149 195 464,292 143 081 CURRENT ASSETS Stock Debtors Cash al Bank and In Hand TOTAL CURRENT ASSETS 1,168 17.937 307 808 326,911 992 12,145 311527 324.664 CURRENT LIABILITIES Creditors,. amount$ falling due withln one year 10 23,683 10,196 TOTAL CURRETrif LIABILITIES NET CURRENT ASSETS 303 314468 NET ASSETS REPRESENTED BY: General Reserves.. Unrestricted fund8 Restricted fvnds TOTAL FUNDS 11112 11112 568.102 547.158 374 683 The trustees are satlsfied that the charity is entitled lo exemption from the provisions of the Companies Act 2006 Ilhe Act) relating to the audit of the financlal statements for th8 year by vlrtue of section 477, and that no member or members have requested an audit pursuant to secllon 476 of the Act. The trustees acknowledge their responsibllitie$ for.. ensuring that the charity keeps adequate accounting records whlch comply with section 386 of the Act, and preparing financlal statements which give a true and fair view of the slate of affairs of the charity as at the end of the financial year and of ils profil or loss for the financial year In accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to flnancial statements, so far as applicable to the charity. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with th8 Financial Reporting Standard 102. The finanGial ststements were approved by the Management Committee on . on 115 behalf by-, ZC .2nd signed G Lawlull, Chair Notes on pages 19 to 31 form part of these financial slatements. 18
Myvision Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. PRINCIPAL ACCOUNTING POLICIES Accounting Convention 1.1.1 The financial statements have been prepared under the historical cost ¢onvenlion. as modrfied by the revaluation of certain assets, and are in accordance with applicable accounting standards. In preparing the financi81 statements, the Charity follows best practice as sel out in the Charities SORP IFRS 102}. 1.1.2 The principal accounting policies adopted in the preparats'on of the Financial Statsments are detsiled in the paragraphs below. Judgments and key Sourc of estimation uncertaSnty These are either irscluded in the notes below or are of an immaterial lev81. Funds Accounllng 1.3.1 In accordance with the SORP the funds have been analysed und&r the followlng specific headlng8: 1.3.1.1 Unrestricted Funds, which are available for any purpose wilhln the aims and objectives speclfled in the Memorandum and Articles of Assoclation. Funds can be designated for $pe¢ific purp0s68. 1.3.1.2 Reslricled Funds, whlch are subject lo specific conditions sel out by the donors. 1.4 Incoma 1.4.1 Income is reGognised in accordance with the SORP. In general, 11 Ss recognised In the perlcd In whlch thè Association is enlilled lo receipt, there is sufficient certainty of receipt, and the amount can be m8asured with reasonable certainly. 1.4.2 Income is d8ferred only when the charity has lo fulfil condillons before b8coming entitled to it or where the donor has specified that the income 1810 be expended in a future period. 1.4.3 Legacies are accounted for as they are received or if, befor8 receipt. It lJecome8 prob8ble that rt wlll be received, and the value can be estimated with sufficient accuracy. Expgndlture and Basls of Allocatlon of Costs 1.5.1 Expenditure is accounted on an accruals basls. 1.5.2 The Association is not registered for Value Added Tax and any VAT charged to the Association Is included in the cost of the expense lo which il relates. 1.5.3 The m8jorily of costs are directly allribulable to speciflc chari18ble aclivilles. Where such costs relate to more than one activity. they have been apportioned on a reasonable, justifiable and consistent basis. 1.5.4 Pay and support costs have been allocated in relation to time spent on speclfic aclivilies. Charltablè Actlvlty Costs 1.6.1 Charitable Activity Costs include the cost of goods and services required to meet the charitable objectives plus support costs attributable to those activities. Capltallsatlon and Depreelatlon of Tanglble Flxed Assets. 1.7.1 All asse15 costsng more than £500 are capitalised, unless funded directly by grant, 1.7.2 Depreciation is provided using the following rates and bases to reduce by annual instalments the cost of the tangible assets over their estimated useful lives.. Freehold Property Slraight-line Furniture Slraighl-line offi Equipment straighl-line 10./0 20% 19
yvision Oxfordshlre Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investments 1.8.1 Investments are Included on the following basis.. 1.8.1.1 Llsted investments at market value al the balance sheet date. 1.8.1.2 Realised and unrealised gains 8nd losses on investments are shown in the SOFA in the year in which they arise. 1.9 stock8 1.9.1 Sthks are slated at the lower of cost and net realisab18 value. 1.10 Tax Status 1.10.1 The Association Is a registered charfty and Is exempt from any taxation on its charitabb activities. with the exception of Value Added Tax. 20
yvisior) Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME 2024125 2024125 2024125 unStriCted Restricted Total Oonalions and Logacies Membership Donations Grants Total 4,989 63,084 105,972 174 045 4,989 65,117 348 687 418793 2,033 242 715 244 748 Logacles Charitablg Actlvltles Charges,sales,etc Totsl other Tradlng Activit108 Hire of rooms. Advert etc Totsl Invostmgnts Dividends Interest Total 139 139 445 2A 8,628 8,628 99 52 other Income Access to work Totsl 41 41 41 3.860 2023124 2023124 2023124 Unrestrfcted Restricted Totsl Donatlon8 and Lega¢l08 Membershlp Donatlons Grants Totsi 2,258 56,968 2,258 3,772 60,740 70 LL06 396 09 73 L2 I78 459 09 Lègacles Charltable Actlvltlos Charges,sales,etc Total Other Tradlng Actlvltles Lellings, elc Total Investments Dividends Interest 38 6.928 6,928 4500 42 Other Income AcGe$s to work Total 912 21
yvision Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 EXPENDITURE 2024125 2024125 2024125 Unrestrtcted Restricted Total Ral8lng fund# Employees 62,819 62,819 Professional fees Support costs Total Charltable A¢tlvltl¢• Stsff ¢onsull8nls and 75,859 274,843 350.502 Volunteers, Iruslees inc 416 486 902 Depreciation 7,718 9,976 17,694 Building related 24,226 16 24,242 5,956 5.956 IT and phones 18,430 18,430 Cleaning, etc 3,945 48 3,993 Insurance 6,242 6,242 Client Services 7,217 4,769 11,986 Marketing 3,353 3,353 Office expenses. etc 11,433 1,488 12,921 Banking costs 459 459 Governance-5alaries 36,413 36,413 GovernanGe-Other 6,845 6.845 Allocatlons. 05 Total
Myvision Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2023124 2023124 2023124 Unrestricted Restricted Total Ralslng funds Employee costs 51,663 51,663 Professional fees Support costs 13 54 Totsl Charltablo Actlvltle8 staff and consultants 44,688 233,412 278.100 Volunteers, Inc trustees 1,150 1,024 2,174 Depreciatlon 7,718 9,359 17,077 Building related 33.415 8,053 39,468 Utilities 6,453 6,453 IT and phones 20,218 256 20,474 Cleanlng, etc 3,957 3,957 Insurance 5,574 5,574 Cllent services 9,078 4,087 13,165 Marketing 2,911 2,911 Office expenses, etc 11,639 1,437 13.076 Banking costs 459 459 Govemance-salaries 28,567 28,567 Governance-other 7,406 7,406 AlloGalions' 17 Total he nel allocations equate to the support costs allocated to ndraISIng and govemance. 23
yvision Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. NET INCOMEIIEXPENDITUREI FOR THE YEAR This is stated after oharging 2025 2024 Indep8nd8nl Examinerfs Fees 5. EMPLOYEE COSTS 2025 2024 Staff costs.. Salaries National insurance costs Inel of Employment Allowance) Pension Costs 380.179 28.921 300.575 21,465 No employee received more than £60,000 per annum The average number of employees during the year. calculated on a full-ume equlvalent ba513 2026 2024 Fundraislng Charitable Acb'vities Governance 10.0 24
Myvlslon Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6. TANGIBLE ASSETS Costlvaluatlon Slart of year Addltlons Dlsposals End of year Freehold propety 620,034 820.034 Office equipment 26,470 2,760 29,230 Furniture, et 11,738 11,738 Building Panels Solar 12,418 12,416 Total 658,242 15,176 673,418 Depreclatlon start of year Depn on dl8posed a88Ots Charye for year End of year Freehold property 172,701 12,401 185,102 Office equipment 9,511 5,294 14,805 Furniture, elc 11,738 11,738 193,950 17,695 211,645 Total Net Book Valu• Start of year Addltlonts l Not offe¢t of d18posals Charye for year End of year Not Book Value 464,293 15,176 17.698 461,773 7. INSURANCE VALUE OF FREEHOLD LAND AND BUILDINGS 7.1 The Bradbury Lodge premises are insured for a total of £1.193M based on a professlonal valuallon Inole that the value for insurance purposes is different lo the sale value of the property}. 8. FIXED ASSET INVESTMENTS Fixed asset inveslmenl$ consist of UK listed securities and comprise.. M & G Charifund Equitie5 Investment Fund for Charities Ilncomel CAF Bond Income Fund 2025 2024 149,195 143,081 o. The historic cost of the investments is £75,86012024'. £75.860)- There was £0 invested in the M & G Charifund during the financial year. 25
Myvislon Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9. DEBTORS 2025 2024 Debtors 17,937 12,145 Pre-payments 10. CREDITORS: AMOiINTS FALLING DUE wrrHIN ONE YEAR 2026 2024 Operating credSlors HM Revenue and CustomB Pension contribulSon8 Recelpts In advance 3,814 6,714 739 3,979 6,085 132 26
Myvision Oxfordshire Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. FUNDS The following is a summary of the transactions in the year on the various funds.. Balance blfwd Ngl ineomln loutgolngl r&sourc8s, before transfers Translers Galns I losses Balance on Investments Unrostrlclgd Funds General 423.759 101,677 134.9371 6,114 496,613 Building Repair and Maintenance 13061 10,294 10,600 Newsletter 115,3791 15,379 Communlty Engagement, and Vale of Whitehorse 112,799 {16,5221 (35,0821 61,195 Total Unre8trlct8d Funds 547,158 69,470 {64,640} 6,114 568.102 Rootrlcted Fund6 GC Workshop Comm Eng Oxford Clty 1,277 12,1511 {18,1161 874 18,116 Advice. Support, Informatlon Premises 26,181 318,118 13,5041 18,3421 22,677 309,774 Children & Young people 8clivrtes 3,914 3.058 856 Coun5elling Gmn Walks {3,004) 3,542 110,9411 11,0641 16,0251 (17,157} 14,5351 (12,7881 (83,2291 {13.759 3,004 3,542 Comm Eng Wesl Oxfshire Children & FamSlles 10,941 1,064 6,025 6,141 Comm Eng Sth Oxfshire National Lollery Fund Equipment and Demo other 11,010 9,097 5,944 374,683 921,841 (6) 4,562 8,475 54,640 1,631 346,094 914,196 Total R9Stricted Funds TOTAL FUNDS 6,114 27
Myvision Oxfordshlre Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12.1 NET ASSETS The Trustees consider that the Association's net assets are available and adequate, for all fund5, to enable it lo fulfil ils obligations. 12.2 Goneral Fund This fund Covers all income and expenditure not covered by the other specific funds. 12.3 Bulldlng Ropalr and Maintgnanco To provlde for the repair and maintenanGe of Bradbury Lodge and the Campoli Cenlre. 12.4 Premlses Fund This fund was used to rewrd transactions relating to the renovation and building costs of Bradbury Lodge and the Campoll Cenlre. 12.5 Advlcg, Support and Informatlon All transactions relating to the advice, support and information provided to the visually impaired and their carers. 12.6 Coun8elllng This fund specifically Govers the couns811ing servlce. 12.7 Befrl8nding l Home Vlsltlng During the pandemic, the Befriending scheme was inlrodu¢ed lo keep in regular contact with clients. This will continue beyond the pandern. 11 incorporates the Home Visiting Scherno as clients were unable lo be visited during the pandemic. 12.8 Ey8 Ho8pltal This covers the seNices provided at the Oxford Eye Hospital which have be8n unable lo ¢ontSnue during the pandemic. 12.9 Chlldr8n and Famllles The provision of seNlces and aclNilies for children and young p8ople affected by visual impairment, and their families. 12.10 Soclal Inv8stment Bu6ln05s Grant Grant receivèd from Reach Fund to finance assistance in preparing busines$ plan. 12.11 Coffoe Clubs Facilitating social meellngs for vlsualty impaired withln local communitles, These have not been able to be held during the pandemlc. 12.12 IT Tralnlng Provision of tuition in use of IT devices enabling visually Impaired clients lo access technology that is now part of everyday life. This training has been very much curtalled during the pandemiG. 12.13 Communty Engagement. South Oxfordshlre. Vale of Whltehorse, West Oxfordshlre and Oxford City Funds received lo support our expansion of seNices across the several dislricls. 28
Myvlslon Oxfordshlre Ltd NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12.14 Comrnunity Engagement Vale of Whltehorse Funds received to support the expansion of services across the Vale of While Horse distrSct 12.15 Get Onllne Workshops Funds to SUPPOrt oui Get Online Get Connected Workshops. starting in 2023-24 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tanglble Flxed A88ets Investmonts Net Currenl Assots Long T9nn Llabilitle8 Totsl Unrestricted Funds 145.377 149,195 273,530 568.102 Reslricled Funds 316,396 29,698 346,094 TOTAL 461,773 149,195 303,228 914,196 14. 14.1 TRUSTEES, EXPENSES AND EMOLUMENTS No payments have been made during the year lo Iruslees12024'. £Nill. 15. 15.1 CAPITAL COMMITMENTS The Association has no Capltal Commitment at 31 March 2025 {2024.' NIII. 16. RELATED PARTY TRANSACTIONS 16.1 There are no related party Ir8nsa¢tions that are required lo be dlsclosed under the Financial Reporting standard. 29
Myvlsion Oxfordshire Ltd Appendix APPENDIX 1: Reference and administrative details Full Name of Charity: yvision Oxfordshire Ltd Governing Document: Memorandum and Articles of Association Registered Company Number: 07465300 Charity Registration Number: 1140556 Chief Executive: Mark Upton Trusteeslcompany Directors: Prof Adrian Hill (President) Guy Lawfull (Chair) Julian Bagwell (Vice Chair) Chinonye Nzewi (Treasurer) Simon Cruden Anna Driver Simon Holt (co-opted May 2024) Janet Johnson Anita Lightstone Margaret Simpson Aimee Tuzzio (co-opted June 2025) Registered Office: Bradbury Lodge Gordon Woodward Way Oxford OX14XL Web: www.MyVision.org.uk E-mail: info@myvision.org.uk Bankers: CAF Bank Ltd 30
yvision Oxfordshiro Ltd Appendix 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Horsey Lightly, Solicitors 2 West Mills Newbury Berkshire RG14 5HG Solicitors: Independent Examiner: Nicola Cadwallader FCCA Independent Examiner David Cadwallader & Co Limited Unit 3 Bignell Park Barns Chesterton Near Bicester Oxfordshire OX26 1TD 31