REGISTERED CHARITY NUMBER.. 1165086 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag8 Legal and administrative information Report of the Tru8tee$ 21014 Independent Examin8es Report 15 Statement of Financial A¢tivitÉ•s 16 Balance Sheet 17 Cash Flow Statement 18 Notes to the Financial Slalem8nts 19to29 Det811 Statement of Financial Activities (Th85e pages do not form part of the statutory accounts) 30to31
CROYDON VOLUNTARY ASSOCIATION FOR THE BL5ND IA CHARITABLE INCORPORATED ORGANISATIONI LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Charlty Name Croydon Voluntary Association for th8 Blind Otherworklng Name CrDydon Vision Roglstèmd Charlty number 1165086 Principal Charlty Ofllce BedfoTd Hall 72-74 We118sley Road Croydtsn Surrey CRO 2AR The Tru8legs $8tving during the year and lo the dale of this report were as follows.. Trustees Nigel Gooding CBE Richard Wragg Josel Khan Frances Cullen Kieren Exley Jamie Henderson DhrLJvin Patel Swarna Pillai Chair - Vice Chair - Treasurer Trustee Trustee Truslee - Truslee - Trustee Reslgned 111h October 2024 Appoirbted 18 Dember 2024 Chlef Executlve Susanelte Mansour Nicola Newman Unlll 31 December 2024 From 1 January 202S Sonlor Team Abiodun Obileye Anca Sahin Colin Aldridge Transport and Facililres Man8gei (until 30 September 20241 Project Manager (until 31 March 20251 - Transport and Facilities Manager Iliom g December 20241 Indepèndent Examiner Mark BlaGkwell ACMA For and behalf of M H R Consultancy Limfted Charte18d Management Accountants Fernebeiga House Alexandra Road Farnboiough GU14 6DQ Prlnclpal Bankers Nalwesl Bank Croydon Vvhilgift Cenlre Branch 40 Whitgift Centre Croydon Surrey CR01UQ CAF Bank Ltd 25 Kings Hill Avgnue Kings Hill West Malling Kent ME194JQ
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annu31 report together with the unaudited financial s181emenls of Croydon Voluntary Association for th& Blind for the year ended 31 March 2025. The financial statements have been preparod in accordance with Ihe accounting policies set out in Note 1 to the aOUnt8 on pages 19 and 20 and comply with the Charity's governing document, Ihe Charities Act 2011 ond Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicablè lo Charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic ol Ir&land IFRS 1021 leffective1 January 20191. Structure, Governance and Management GovernFng do¢ument Crtsydon Vision is a charitable incorporated org8nis811on conslituled on 8th January 2016 and registered with the Charity Commission on that date. However, the organisalion itself has been supporting the blind and visually irnpaired community for over 100 years. In July 1923, & lew visionaries decided lo branch out of The Croydon Guild Social SeNices because it offered limited social activities for peoplg with Sight loss. The name of their new organisalion was Croydon Vduntary Association for th& Blind. Its aim was to promote the well8re of the blind people in Croydon. Thè foimalion of the CIO was sel up because of the marger with Bedford Hall, lo become one entity. The governance ol the charity was reslruoluied and eonverted from an unincorporated trust lo a CIO. On 1st May 2017. all the activities 8nd undertakings of Croydon Vision Iregis18réd charity number 2004821 were merged with lh6 new Charity. Croydon Vision Ir¢gisloied charity number 2004821 was rervoved from the register of charities on 16th Novernber 2017. Recrultment and appointmant of new Trustees The Charity's constitution slates that the number of Trustees shall not be less than three and not rnore than eight uS the Chair {91. At least two of the Trustees should, if possible, be rnembeis who are visually impaired wilh skills sel that complement the Board. During the year J05ef Khan was recruited as Treasurer and PeteT Osei-Bonsu as General Trustee. There Is a deslre to crUIt sight loss individuals lo the Board with the ¥ight set of skills and drive lo help our work in transforming lives. Al every annual general meeting of the members of the CIO, one-thiid of the Charity's Truslees shall retire from offieè. If the number of Charily Trustees 1$ not three or a multiple ol three, then the nurnber nèarest to one-lhird shall retire from office, bul il there is only one Charily Truste&, he tsr she shall retire. The Charity Trustees lo ietire by rotation shall be those who h8ve been longest in office since their last appoinlrnenl or reappointment. If any Trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwis9 agre6 among themselves) be delemiined by lol. The Charity Truslegs may at any time decide lo appoint a new Charity Trustee, whether in place of a Charity Trustee who has retired or been removed, or as an additional Charity Trustee. provided that the lirnil on the number ol Charity Trustees would not 88 8 result be exceeded. Trustee8 who rellre by rolalion are eligible for reappoinltnenl. A Charity Trustee who ha5 served for Iwo consècutive terms may not be reappointed lor a third consecutive term bul rnay be rg8ppointed after an interval of one year, Inductlon and training of new Trusts8s The Charity atlracls new IIu8l&es from a range of SoUS induding central gov¢rnment, medical. legal and business indu81ry. Trusteès ale involved in various appropiiale training to further strengthen their role. A Register ol Interests for Trustees, Staff and Volunteers is in place and updated annually. Each Trustee has a champion role. lo diive p05ilive change and sustainability of the Ch81ily long lenn. Each Trustee undertakes an induolion process. consisting of the following.. meet ond greet the team and understand our culture, Trustee welcome pack which contains polides, procedures and H&S proce88es. In addillon, Truslees are provided 8 copy of the CIO'S conslilulion and any amendments made lo il and a copy of the CIO'S lalesl Trustees, annual report and financial slalemenls. This is lo ensure that Trustees carry out their respon8ibililles effectively.. guided by advice provlded from the Charily Commission. Board members are encouraged lo sp&nd half a day at the Charity lo further und¢rsland the operational aspect of the organi8alion. Furthermore, an annual event calendar is shared with Trustees with encouragernenl lo alland events. At each board meeting, financial and operallonal information is supplied logethei with suitable explanations, including front line presentation at Board meelings. Board mernbers a expected to be aware of the various Charity Commission publications that eAn be obtained to assist them with Ihgrt duties as Trustees. Organisatlon The Board of Trustees administers the Charity and generally meets every 12 week5. A People's Committee and Finance Cornrnitlee are also setup to assist the work of the Board, and various task and finish groups are formed as necessary.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 At the end of December 2024, we said farewell lo Susanetle Mansour, our Chief Executive. who concluded her tenure with Croydon Vision. We exlend our heat1fell thanks lo Susanette for her dedicated service and Ihe Iran8formalional ehAnge she led during her time with us. Her leadership has left a18sling leg8cy, $trongthened our organisation and deepened Ouf impact in the community. On 1 January 2025, we were delighted lo welcome Nwla Newman as our new Chief Executive. Nicol8 is a lifelong Croydon residenl and brings with her over 19 years of experience in the volun18ry sector. Her deep-rooted comrnilmenl lo community development and inclusive leadership makes her a valuable addstion to Croydon Vision. We are exated about the future under Nicola's guidance and look forward lo buildlng on the strong foundations laid in recent years. Leadership Leadorship and decision making of Ihe Charity is delegatèd tothè Chi&f Executive by the Board of Tru3lees. The Chief Executive works closely with management, staff and volunteers lo fulfil the Charity's objectives and ensure the smooth and effective running of the organisation. The Chief Executive reports lo the Ch8ir and lo the Board of Trustees. The CEO and management team comprise the key Managtrmenl personnel of the Charity in charge of leading or managlng the running and operating Ihtr Charlly on a day-to-day basis. All Trustees givè of Ih8ir time freely and no trustee received romungralion in the year. One of our Trustees (Francgs Cullen) leads an aclivily al Croydon Vision and charges the organisalion 8t 8 substantially reduced rate. Details of Trustees, expenses and related paty transaction8 are disclosed on pages 22 and 23 in Notes 9 and 13 of the accounts. Croydon Vision has fully embraeed generational diversity whereby feedback and appraisals are tailored to individual need8 rather than just an annu31 process. The pay structure of staff focuses on staff KPIS (key Performance Indicator), based on a collaborative performance Talher than simply focused on individual performance. In view of the nature of the Charity, it is the Trustees. responsibility lo benchmaik against pay levels within the voluntary sector across London as well as the public sector,. with some consideration of National Jolnt Council for Local Govemmenl Services pay 5ealès.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Voluntaèrs Our volunteering programme offers v8luable opportunities for individuals to develop Ir8nsferablts ski11s, build confiden, and reali8e Ihelr potenti21 as acts've. engaged citizens. In 2024-25, we generaled £112,442 in Social value. 8 33¢/o Increase from £83,922 in the pieviou$ yeai. Thls growth was fuelled by renewed volunt88r ènthLJsiasm, inspired in part by the recognition of the King's Award for voluntary services and by the expansion ol meaningful ioles across the charity. These roles included Drivers, Braille Support, IT and Digital Tran$fom)alion, Advocacy. Cultural Tour Guides, support at the Moorfields Clinic, Eye Health Advice and Podcast Editing. The growlh in 8¢livilies increased recognition of volunleei conlribulions., Ihe introduction of leadership roles such as Croydon Vision Ambassador$ also contributed significantly. We are also fortunate to benefit from Ihe energy and cornmilment of work experien students from Crtsydon College of Further and Higher Edu¢alion and Trinity School. During the peri(xl from 1 April 2024 to 31 March 2025 CToydon Visron had the generous support from 72 volunteers of which 24 have sorne form of visual impaifment. We are grateful lo our volunteers, who Iruly are the backbone of Croydon Vision. Their unwavering dedication and passion continue to drive our mission fotward and make a lasting difference in the lives of Ih05e wtr support. The Trustees and Staff T8atn would like to formally record their sincere thanks to all our volunteers for their invaluablè contrlbutions throughout Ihe year, Related parties and ¢o-opgration wlth other organisations None of our Trustees received remuneration from their work with the Charity as Trustees. However, one Trustee lead$ an activity at Croydon Vision and charges the organisation al a subslanlially reduced rate. Any connection between a Tiustee, CEO or Management of the Charity with any service user, externa5 ¢onlra¢lor or supplier of Seice3 Must be disclos8d lo the CEO or Board of Trustees in thè same way as any other contractual relaliorhship with a related party.
CROYDON VOLUNTARY ASSOCIATION FOR THE BUND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Objectives and Activities Croydon V1550n exists lo support blind and partially sighted individuals in Croydon in line with our charitable oblectfves. The Trustees confirm that they have oomplied with their duty under Section 17151 of the Charities Act 2011 lo have due regard lo the guidan published by the Chaiily Commission on public benefit. Our services are d85ign6d to empower people with si9hl Ios¥ and those wilh an intere81 in visual irnpaiiment. helping them to lead independent, fu111n9 lives. Our Culture . Al the heart of Croydtsn Vision is a culture that celebrates people and community. We put people first- ensuring that every individual feels seen, heard, and valuèd. We empower our peopl8- SUPPOrting members on theirjourney lo greater independence. We take prlde Sn our vibrant community- fostering connection, indusion. and sh81ed purpose. Our Values - Our values shape how wo work and who we are. Awareness- We invest in a growth mindset. Compasslon- We pul people first. Taamwork- We build more logelhei. Integrity- We keep our promises. Diversity- We stand shoulder lo shoulder. Our Vision. Mission and Purpose Our Vision-To create 8 community that protecls sYJhl and ieduce8 mild lo severe sight loss over the next 100 y88rs. Our Mission- To en¢ourage independence, confidence, and p8tsonal dèvelopment among blind and partially sighted petsple in Croydon Our Purpose- To inspire individuals to re-evaluate what's possible because there is life after sight loss.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND A CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2025 Achievements and Performance In 2024-25. Croydon Vision has continued lo deliver high-lrnpact $ervl¢e$ a¢ross SLY core areas.. Health and Wèllbelng Over 5,300 attendances at fitness, yoga, cookery and soclal sessions. 4,223 nutrilious lunches served, 5UPPOrting physical and emotional wellbeing. 613 counselling sessions dolivgied lo 64 individuals, addressing trauma. anxiely and emotional resilience. 71 excursions allended by 615 mèmbèrs. promoting social inclusion and independence. Employment and Inclusion Partnerships with Jobcenlr8 Plus. DWP. and Croydon Works supported members into employment. training and volunteering. 52 businesses received Visual Awareness Training. 2.389 people reached through 117 outieach events. 12 members transitioned into volunleoiing, 5 into employment Bnd 11 into training. Digital Empowerment 139 individuals supported Ihrough over 400 tech Irainirng sessions. meMbS gained confhlence using accessibl8 lethnology. Improving Independence and reducing isolation. Advice and Advocacy Our Advice & Advoeacy service secured £120,268 in financial a58iStanc& for membèrs. helping them navigale complex benefits systems and malntain independence. Children and Young People IC&YPI Our CYP Officer delivèred 73 workshops and 12 excursvjns with a unique, neur05ciènce-informed approach. On average of 59 altendees per month. Transport and Excur8ion5 60 excursions delivered across 24 wards in Croydon 56 round trips provided lo 11 voluntary organisations during vehicle idle lirne Health and Wellbeing Ourhea1th and wellne8s activities were a ¢omerstone ofourdelivery. The activities delivered throughout tha year alkjwed our members lo experien.. Improvad Physlcal Health & Mobility. 2,272 attendan$ al Keeping Aclive classes le.g., keep fil, dance, bowlin9, kickboxingl show strong engagement in physical activity. h¢lpirig improve balance, strength, and confidence in movement, key for those with sight loss. Enhanced Cognitive Function - 1,632 attendanS at Mental AerObS sessions supporl memory, locus and mentsl agility, which are especially valuable for maintaining independen¢& and mentsl sharpness. A¢ces8ible. Gentle Exercise 640 allendances 01 Chalr Yoga offer a safe and adaptable way lo slay active, redw stress and improvo flexibility,. ideal for rnembets with limited mobllity or balance concerns. Life Skills & Independence - 177 allendances al Cookery C18sses empower members to prepare meals safely and confidonlly, promoting independence and healthier eating habits that iesull in improved health outcomes. Social Connactlon & Belonglng 912 allendanc&s al Social S6sslons highlight the importance of cornmunily. These galh8rings reduc8 isolation, build friendships and foster a sense of inclusion. Theso actwities not only support physical and mental wellbeing but also help visually impaired irKlividu818 lead moio independent. connected and fulfilling lives. 4,223 nulrilious lunches were setved lo our mernbers overthe course of the year. These meals played a vi181 role in 5UPPOrting overall wellbeing, improving health outcomes. boosting immunity 8nd fostering soc1 connection through shaied rlleallimes. For many members, this Servi was not onty a source of nourishment but alsts a key part of their daily routine and emotional wellbeing.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Counselling Provision Croydon Vision's Counselling provision has provided an additional layer lo our wellbeing inilialive. 11 provide$ the tools, support, and perspective individuals need to regain control and thrive. Our members can be dealing with grief over losing Iheirsighl. seeking relief from anxiety. seeking coping slialegies 8nd our¢oun5811ing provision can improve their emotional health and well-being. Counselling offers a safe. supportive Space to explore emotions. address challenges and develop effective coping slralegies. Mernbers are experiencing major life transitions. stress. anxiety and relationship difficulties. With the cost-ol-living crisis, rnembers do not have additional funds to prioritise their mental health. Through the lollery funding we were able to offer up lo 8 sessions per individual. During these sessions counselling provided tools that improved mental health and overall well-being, using different counselling tnode15 includin9, EMDR. CBT and Solution I0Ssed. Over thè cou15è of thie& years our eounsellor carried oul 613 sessions and worked with 64 individuals. Tg¥timonial by individual who rècaivèd couns•lllng'. 'My experience woftking with Helen w8s liber8ting aftd Warding. I wès etlhe loweslpoint in my life emotionally with anxiety, no hope ond confidence in my88lf. l still hgd th6 lrnuma lor the fateful n70ming when I woke up blind. I nol believe I slill had a poSe in life even afterlhe surgery on my lefl eye. H818n has been è big support as she helped me with different coping mechanisms lormy anxiety, woffles and em0181 break downs. She helped me pro$& 8nd uftderstènd all my emotions. Continuously wothed wilh Hel8n lo heal th81 Iraum81i¢ mom8lJt when I lost my sight. I gaAn6d coftfid6ne6 in myself aftd felt inspid lo lalk about my sighl loss nd slarted lo look 81 Ihe mNFFDf8g8in something I could not do before my counselliftg because it made me cry. Helen created a safe space forme to express my8eifwhiGh gave me relief, emotion&1 r&gul&lion$ &ndpsy¢hologA¢8lr&$illence. I feelempowered, molivated andpuwoseTul and this has helped me on my relum lo woth. I can t th&nk you 8nough forlhe unwavering supportyou gave to me.. Holistic Therapies Due lo dernand and inteiesl, we are in¢orpor81ing more holisllc approaches tr> mental wellbelng.. B seNice that is growing in popularily is our Indian head massage. Delivered with skilful sensibility by our Advice & Advoca¢y Officer Ilrained In Yoga 8nd Complementary Therapies) our Indian head massage includes breath work, relaxation and meditation techniques, healing sound and self-massage techniques. It is a powerful tool to promote well-being, a sense of Pea and calm 8Nd a positive outlook. 11 can 3lleviale 8nxiely, kjw mood, tension and insomni8 by triggering the release of endorphins. By relieving tension and irnpioving blood flow lo the brain, it enhances mental clarity. improves concentration and focus, which can be particularty beneficial for individuals who rely on their senses more heavily. .1 had been feeling all over Ihe place, worrying and insecure. Afler my IrKlian lJe8d massog8 WAth Ste118, 1 felt Calm, not worwng Bnymore or811 over the place. I fell grounded and I can find thalpo8ilive feeling myseifwhen I need il now."
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202S Employment and Inclusion Worklng Ag• Group Croydon Vision dovelopèd koy partnerships with organis8lK)ns $u¢h 8$ Jobcenlre Plus, th8 Department for Work and Pensions (DVVPI and Crtsydon Works. These collaboration5 have opened up new routes lo employment lor our members, supporting long-lerrn economic empowerment. Croydon Vision hosted two job fairs speoific8lly largeling those with disabilitie8 looking for employment. As a chality we Continue to stng1hen ovr corporate partnership with Croydon College of Furlher and Higher Education. Croydon Vision was invited lo showcase opportunitie8 al three job fairs (including a sperial event with a dual focus on health and wellbeing alongside workl. Croydon Vision hosts weekly sessions for our working age members that focus on employabilily, CV writing, benefits. assistance and confidence building. Vve collaborate with an employability adviser from the Job Centre. During the last year: 12 membeTS Ir8n811ioned into volunleevng, 5 members transitioned into employment, 11 members were supported into training or courses. Vlsual Awarènass Tralnlng Durlng the last year 52 buslnesses and organisalions recelved Vi$u81 Awareness Training by Croydon Vision, giving them the 10018 they need lo be inclusiv8 employers and disability confident. Croydon Vision was iepres&nted at 117 outrèach events, roaching a 10181 of 2.389 people. These even15 raise awareness, build ornmunily connection8 and bling our 8etvice8 to a widei audience. Digital Empowerment Our Tech Tralner reached 179 Indlviduals ¢3rrylng out over 400 sessions tt> build confidenee in their use of 8cce8sible technology. Through these 8e88ions mernber8 fell.. Restored Confidence & Independ8ncg- Mernber8 who had given up on u8ing technology found renewed hope through assistive 80ftvrare and perstsnalised support, enabllng them lo re-ong8ge wllh digital Iwls. Accessible, Per8onali8ed Support- The ability lo rec8we in-home guidance. especially from a trusted expert like Daniel, makes technology feel approachable and rranageable. Enhanced Communlcation & Dally Llvlng - Leaming lo use features like voice interadion has empowered members to navigate their devices more independently, improving their quality ol life. Dlscovery of New Too16 - Visits lo the resource centre introduced members and their families to a wide range of assislive gadgets they didn't know existed, expanding their options for support. Combalting Loneliness - For those living alone, technology becomes a vital conneclx)n lo the outside world. Restoring access to devices like computers and TVS helps reduce feelings of isolation. "l aanged an appoinlmenl with Daniel, so that I can gel back into using my laptop. He was wonderful he showed me how do a lot of things with my laplop, I was also su@rised how lje was 80 palienl wilh me. The most amazing Ihing is Ihal l am able lo talk to my laplop. and il talks back. I w8s a bit h8sil8nl at first. bul 18m glad I did it."Member- Mary G.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Advice and Advocacy Alongside our vailed 8nd multi-layered programrne of activities and support services, our Advice & Advocacy services generated £120,268 of financial assistance to enable members lo live safely and. in some instances. lo effeGtiv$ly sur¥ive at a tirne when socio- economic force8 may have caused undesirable results. Piimarily through PIP and Allendance Allowance, we empowered members to secure financial assistanc& while ensuring their voices are heard and fundamental unmel need8 considered in a fair and legilitnale manner. Children and Young People In 202K25. Croydon Vision's Childrèn and Young People's ICYPI Department delivered an evidence-based programme tailored lo the needs of visually impaired IVII children and young people. Over the course of the year, Ihe CYP Offi¢er ran 73 workshops and 12 ex¢ursions. each designed to SUPFK)rt ¢ognllive, emots'onal and social development Ihrough multisensory and indusive learning. Our Digital Deteelives prograrnrne Qmpowered children lo explore tgchnology hands-on. dismantling and rebuilding cornpulers, lèarning to touch type with a8s181ive software and building confidence in digital navigalion. These sessions were complemented by our CrE81iwly Hub. which offered taclilg art. clay modelling and nalure-based projects that encouraged Seff-eXpSSI0n, fine molor skills and teamwork. Excursions played a key role in exlendTrng leaming beyond the cenlie. From inclusive cycling and kickboxing to trips lo Legoland, London Zoo and audio-described cinema outings, each experience was designed to build confidence, independence and social connection. Using our bespoke &Slep Progression Framework, we tracked measurable growth in areas Such as eommunicalion. leadership and emotional resilience., over 80Vts of participanls progressed al 18asl one level. Slrong partnerships with organisations like Wheels for Wellbeing, VICTA. and Mootfields Eye Hospital further enhanced our reach and impact. The CYP service continues to be a cornerstone of our mission, offering 8 88fe, empowering space where Vl children can thrive, learn and lead. Transport and Excursions Croydon Vision continued to expand ils transport and excursion seNice, made possible through funding from Motabi1ity, delivering 160 excvrsion5. This growth has enabled greater a¢sS to activities across 24 wards in Croydon. fostering in¢lusion. independence and community conneetion for people living with sighl loss. Our fleet of three minibus&5 provided daily transport lo and from our centre, supporting mernbers to attend morning and afternoon sessions, as well as our popular lunch club. The service also supported 11 voluntary organisations across Croydon, providing 58 round trips during vehid8 idle time. These collaborations helped tlleel urgent needs in areas of deprivation, particularly following the financial collapse of Croydon Council. The transport programrne has become a vital lifeline. redu¢lng isolalion and improving health outcomes. Member leedbaok consistenlly highlight the joy, dignity and empowerment these &xcursions bring. "J7)e lrip lo CryerArts Th88lr& was amazing.1 I had 89 much fun, and sharing the experienGe with fellow pee fmm CroydoTr Wi$lon made il even better. The drlverwas so supportive... Overall, B Wt)rthwhile expeiience-thgnk you, Croydon Vi8ion." Jim S.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Challenges Throughout 2024-25. Croydon Vision navigated inlemal and external challenges that tested our resili8n¢a and adaptability. Internal Organlsatlonal Challgnges Staff Retention and Continulty.. Like rnany In the sector, we faced difficullles in retaining staff duè to short-tem funding and sector-wide recruitment pressures. This irnpacled service conlinuily and placed additional 51rain on remaining leatn members. We responded by strengthening cross-training, improving operation81 processes and losl81ing a cullure of shared lèarning. Resource Constraints.. Demand for our services continued lo oulp8¢6 available resources. Wè maximised volunleersupporl and streamlined d91ivery, but the need lor sustainable, long-lerm investment remains critical. Demographic-spaclflc Needs.. A significant proportion of our rnembers are older adults th addilional health conditions or limited digital liteiacy. This required tailored. often resource-inlenslve, approaches to ensure accessibility and engagement. Wldar Sector and Local Challènges Oversubscribed Fundlng Lands¢ap•.. The charity sector continuas lo fa intense compelition for lirniled funding. Many grant progiammes are oversubscribed, with success rates declining, making il increasingly difficult to secuie the reSoUrS needed to sustain and grow services. Cost of Living Crlsls.. The ongoing ¢ost of living crisis has had a dual impacl, ex8ceibating the needs of our members while also increasing operational costs. Many of Ihose we sUPPOrt are on fixed or low incomes and rising PriS have made il harder lor them lo meet basic needs, increasing reliance on our seNices. Croydon Councll Bankruptcy.. Tho financial collapse of Croydon Council has had a ripple effect aoios5 the borough's voluntary 8eclor. Reduced local aulhtsrity funding and support have plad additional pressure on charities Ilke ours to fill the gaps in essential services. Despite these challenges, Croydon Vision has remained sleadf881 in ils mission. Our ability 10 8dapt, innovate and draw slrength from our community has been key to our continued impact. However, the ¢urrent climale underscoi8S the urgent need foi Stable, long-term investment in cornrnunily-Sed service8. -10-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Looking ahead- A vision for the future Our vision is clear and 8mbill(>us. We are commilled lo evving into a fotward-thinking, inclusive organisalion that Continues lo meet the changing needs of people lThfing wth sight loss. There are four primary strateg priorilies. Tackllng Health Inequalities We will continue lo addres5 the disproportionale health challeng&5 faced by people with sight loss, particularly older adu5ts and those from underrepresented communities. By integrating wellbeing. prevenlalive care and advocacy into our service8, we 8im lo redu barriers and improve quality of life. The need for this work is growing. By 2032. it is projected Ihal 12,700 Cioydon rasidents will be living with sight loss, up from the urrent estimate of 10,500, which includ85 1,825 people registered with Severe sight loss. Wth 51% of Croydon's population identifying as Black and Minority Ethnic IBMEI, these projeclions are shaped by the complex alitIeS of eye health disparities. For example, individuals of Black African and Caribbean heritage are 4 to 8 limes tnore likely to develop rtaIn types of glaucoma and cataracts, while people of South Asian descent lace a threefdd increased risk of diabetie eye disease. A$ 8 charity, we recognise our responsibility not only to support those already living with sight loss, but also lo lead on prevention and education. Raising awareness, sharing knowledge and promoting early intervention will be ¢entral to our mission in the years 8he&d. 2. Championlng a CommunSty-Led Model Volunteers have beèn the heartbeat of our succèss. W& will strengthen and expand our communily-led approach, empoweting volunteers to take on leadership roles, co-design services and act as ambas8ador8 for in¢lusk)n. This model not only enhances suslainabilily bul also ensures our services remain rooted In lived experience. Investing rn Our People In a compelilive and uncertain job market, we recognise the importance of nurturing our 818ff team. We are committed lo providing meaningful learning and development opportunities, fosleiing 8 culture of growth and ensuiing our188rn feels valued and supported. This investment 15 èss6nlial lo retaining lalenl and d81ivering consistent. high-qualily services. 4. Expandlng Acc•ss and Deepening Impact We are commilled lo expanding our reach and deepenlng th6 impact of our services. We recognise that many individuals with sight loss, particularly Ih05e in employment, are currently unable tts access our support and services duriw standard hours. To addre38 this. we aim to Secure the resources needed lo extend Croydon Vision's opening hours, offeiillg gr88t6r flexibility and acssibIlity. We are also passionate about enhancing ouroffer for children and young people. We plan to introduce weekend sessions thal prowde social, educational and developmental opportunities, tailored lo younger members and their families. Th856 sessions will help foster confidence, independ8nce and a sense of belonging from an early age. These plans reflect our unwavering commilmenl to inclusion, innovation and communily-led growth. Wlh the right support, we are ready to lead Croydon Vi5x)n into its next chapter. stronger, more accessible and more impacllul than ever.
CROYOON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Statemènt of Finanel81 Actlvltles The Slalernenl of Financial Acliv5ti0s is shown on page 16, with a more detailed analysi$ ol in¢ome and expenditure within the notes lo the financial sl3tern6nls. Income In the fvjelve rnonlhs of 2024-25 total income was £721.5(E12024'. £747,895) and was gentsraled through donations and legacies 1£17,0321, gran18 funding 1£475,575}, fundraising evenls1£10.546) seNice users and activity inctsme {£66,9861. hall hire and renla incorne1£143,82018nd other income, including investment incorne, {£7,5471. More information on proieets can be found in Notes 2 5, page 21. Most tsf the giant lundlng covers multiple years and has therefore ch8nged the incomg profile of the Charity in the short lo medium lemi. Expenses The lolal expenditure for the y88r was £766,182 12024.. £815,677). Staff and contract stsff costs rtsmaln the largest single cost, comprising 55¥0 ol cosÉ8 al £423.26812024.' £458,237). Our average headcount was 1512024 151. Total di¢1 charilable expenditure was £897,48512024'. £713.3271 whh includes direcl project costs ol £101,321 12024.. £77,696) and depr8ciation costs of £60.204 12024.. £85,217) the majority ol which relates lo our vehicle fleet. Fundraising costs have reduced by 33Yo which Indudes the costs of various fundraising evenl8 in the year and the additional resourS needed lo help us meet the challenges of IhB currenl fundraising environment. Prlnclpal fundlng sources The Charity is dependent upon grants and donallons from individual donors and institutions. Details of the Charity's income is set out in Notes 2 and 3 on page 21 of the accounts. We would like to thank the lollowing funders for IheiT SVPPOrt during the year Croydon Voluntary Action Edwaid Gostling Gatfield Foundation King Charles111 Charitable Fund {KCCFI London Borough of Croydon- Croydon Loves You Molabilily The City B¥idgo Fovndalion The National Lottery Communlty Fund The Powell Family Foundation The Spectacle Makers, Charity Wise Music Foundation All tsther grants funders (some who prefer to slay anonymous}, generous donors and of course our membeis. Balance Sha•t We had a deficit of £44,67612024.' £67,782), which ha8 resutted In a combined fund balan of £1,430,94812024., £1,475.624181 the year end. The Charity's free reserves are £62,49512024'. £37.6201. An analysi5 of the funds can be found in Note 18 on page 25, with the movements within each fund detailed in Note 19 on pag88 26 and 27. -12-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW- conllnued Plan of Actlon (Diversifying Incomel Our Fundraiser at Croydon Vision continues lo èngage actively wilh a wider range of IrLJSts snd foundations lo secure surx855ful grant awards, supporting both core services and new initiatives. In parallel. we are expanding our income generalion strategy by dèveloping and promoting our products and service8. Partieularly the Visual Awareness Woikshops, whlch aim lo raise awareness of 51ght loss across Croydon and surrounding areas. To further strengthen our financial sustainability, wè are exploring opportunities for corpor818 partnerships thal align with our rni8sion and values. These partnerships have the potèntial to provide both financial support and in-kind contribLJlions, while also increasing our visibility within the business community. Thi5 mulli-pronged approach to income diversification 1$ central to ensuring the long-lemi resilience 8nd impact of Croydon Vision. Inv•8lment poll¢y The Trustee5 8re responsible for the salekeeping of all 8$8els of the Charity and may invest funds 88 they s86 frt. Reserves PolÉcy Despite colllinued fin3n¢ial pressures, including Ihe rising ¢051 of living and the absence of financial support from Croydon Council. Croydon Vision h88 rnade meaningful progress in rebuilding its financial resilience. Our unrestricted Teservès have increased to £62,49512024.. £37,620), demonstraling our commitment lo strengthening Ihe organisalion's financial foundation. This improvement reflects the ¢olle¢live efforts of the Board of Tius1885. CEO, fundraising and finance leads and management team, who have implemented 8 iobu$l ¢onllngency programme aligned with our 2022026 strategy. This prograrnrne accounts for inflation, future financial risks and the need lor long-term sustainability. We continue to diversify our incom8 Ihrough targeted engagement with tw$ls and foundations, expansion of in¢ome-generatSng services and development of polen1181 corporate partnerships. Rebuilding our reseNes 18 n¢Trl only vital for operational StalitY bul 81$0 for en8bling more preventative work. prole¢ling sight and reducing avoidable sight loss for generations to come. Our goal 1$ lo ènsLtr6 Croydon Vision remains a resilient, forward-looking Dfganisation for the next 100 years. To support this vision, we are working towards building unreslricteil reserves equivalent to six months of operating cogts, wovlding a critical buffer against future uncertainties. Croydon Vision adopts the following principles in relation lo on-going project fvnding.. Planning for staffing changes will allgn wllh project-funding timeline., sl8ffing expenditure will not be mel by re8erve$. In ex¢eplional circumstances when Tfus188s expressly wish that a specific 3divily continues Bnd have a strong and realistic 8xpectation thal new funds will be received, des1gnated funds will be used to 5U819in posts for 8 defined period. Redundancy for all members of staff for whom redundancy is applicable. Staff long-18rm sickness. Contracts and commilments, including Telephon8s, IT. Accounl8nt, HR Contract, and legal costs. 6 months core operating COSts1£33.197 per rnonlh based on our 2025-26 budget, totalling £199,182). Rlsk Management An Integraled risk strategy 18 in place which is overseen by the CEO and managemenl. In addition, a risk rnanagtrmant policy and register are in place. The 51ralègy comprises the following.. An annual review of lh8 risks which Croydon Vision may have to face. The eslablishmenl of systems and procedures lo mitigate th089 risks. The implementation of procedures designed to report on and minimise any potential impact on Croydon Vislon should any of those risks malerialise. The Board of Trustees is confident th81 the planned process will enable them lo tdènllfy Ihe major rlsks lo which Ihe Charity Is PXPDsed and Ihal they have established sy$18tns to mitigate those risks. The Trustees re-appointed Maik Blackw611 of MHR Consultancy Ltd to c81ry Out an independent examination of Ihe Charity'5 financial sl3lern8nt5 for Ihe year ended 31 March 2026.
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustee5 ale responsible lor preparing the Report of the Board of Trustees and the financl81 statements in acrdanCts with applicablg law and United Kingdorn Ac¢ounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appli¢able to d)aritses in England and Wales, the Charities A¢1 2011, Charity (Accounts and Reports) Regulations 2008 and the provision of the constitution requires the Trustees to prepare financial statements for each financial year which give a IrLJO and fair view of the State of affairs of the Charity and ol the incorning resources and application of resources, induding the incomè and expendilure, of the Charlly for that period. In prèparing those financial $181ements, the Trustees are qUired to,. select suitabl8 accounting policies and then apply them con515ten15y. observe the methods and principle5 in the SORP 2019 FRS102, make judgemeri18 and estlmates Ihal are ieasonable and prudent. state whether applic8ble UK Accounting Standard5 have been followed, 3ubjed lo any material departur88 dlsclosed and explained in Ihts finaneial slatemenls, an prepare the financial 81alem8nls on the going concern b8$ls unless il is inappropriat8 to presume that the ¢h8rity will ¢ontinue in business. The Trustees are responsible for keeplng proper accounbng records which disclose with reasonable accuracy al any Ime the financial position of the Charily and lo enable them to ensure th81 the financial statements Comply wilh the Charities Act 2011, the Charily (Accounts and Reports) Regulatsons 2008 and the piovisions ol the trusl deed. They are also responsible lor s8feguÉrding Ihe assets of the Charity and hence for taking reasonable steps foi the prevenlion and detection of fraud and other irregularities. The Trustees are responsible for the maintenanc• and integrity of lh8 Charty and financial information included on the Charity's website. Legi518lion in the United Kingdom goveming the preparalion and dissemination of financial stBlements may differ from legislation in olhei jurisdictions. ON BEHALF OF THE BOARD OF TEES Nigèl Goodlng, CBE (Chairl For and on behalf ol thé Board of Trustees 15SgPtèmber 2025 -14-
¢ROYDON VOLUNTARY ASSOCIATION FOR THE BUND IA CHARITABLE INCORPORATED ORGANISATIONI INDEPÉNDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND I reporttothe Trustees on my ex8mlnalion of thè accounts ofthe Croydon VoJuntaryAssodalon for the Bllnd {Ihe Charltyl for Ihey8ar ended 31 Mafch 2025. RgsponslbllSlle8 #nd basls of report AS the Charlty TnJstee5 you are responsible lor tho preparation of th• wjunis in a¢cnrd8nce wth the requlrements of the Ch8ri118S Act 2011 {'The Act'i. I r8POrt in reSFd of my examination ol the Charit8 wjunts carried out under Section 14$ of Ihe 2011 Act and in carying oul my examin81ion I have followed all the apICable Direcllons given by thè Charity Commisslon under sectlon 14615llbl of the Act. Indopandent examlnor'8 ststement I havo (xjmpleled my examinatlon. I confirm that no malerial matters have comè lo my attention In Conn110 wth the ex8mlnallon glving me cause lo believe that In 8ny material respect.. accountirvj records were not kept in respect of tha Charlty as requlrfjd by 6ect¥)n 130 of the fvd,. or 2. the 8¢eounts do not a¢¢ord wth those re¢ordg', or the accounts ¢0 not comply wlth Ihe applic8ble requirements ¢on¢sming the fomi and content of accounts set wl In the Charftles (Accounts 8nd Reports) Regulations 2008 othèr than any requiremonl that the accounts give a Iruo and fair view which is rK)t a matter consldered a$ part o18n Independent examinailon. I have no COnrn8 and have rme aCfOSS no Other matters in cwineLon wlth the examinallon to which attention shoukl be drawn in this report in orderto enable a prop8r understanding ol the accounts to be reached. Mafk Blackwell ACMA M H R consultan MIta{1 Chartered Management Acewntanl$ Ferneberg8 Flouse Alexandra Road Farnborough GU14 6DQ 16 Sopt¢mbgr 2026 -1&
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 202S 2025 2024 Unr•strlct&d funds Restrlcted funds Endowment funds Total rotal Notes INCOMING AND ENDOWMENT FROM.. Donatlons and Legacles 17,032 17.032 19,297 Chariiabl• activliles 10¢1,138 442,425 542.561 606,495 Oth&r tradlng g¢tlvltlas 154,366 154,366 115,286 Inv&stm&nts 2.538 2.538 1,595 othor lrt¢ome 5.IYJ9 5,009 5,222 Total Income 279,081 442,425 721 506 747,895 EXPENDITURE ON.. Rai$ing funds 47,833 832 48,665 72,509 Charltsblè actlvltle8 210,968 491,144 15.405 717,517 743.168 Total Expenditure 258,801 491976 15,405 766182 815.677 Op•ratlng SurplusllDeficltl 20.280 {49,5511 115.4051 144,676 167,782) Nèt galnslllossesl on investments Net Incomell8xpen5el 20,280 149,551) 115.4051 144,6761 (67,7821 Transfer befvRgn fund¥ Nèt movement in fundB 20.280 {49,551} (15,4051 144,6761 (67. T82) RECONCILIATION OF FUNDS 19120 TOTAL FUNDS BROUGHT FORWARD 340,971 117,483 1,017,170 1,475.624 1,543,406 TOTAL FUNDS CARRIED FORWARD 361 251 1 001,765 1430 948 1,475,624 -16-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI BALANCE SHEET AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible assets Investments 14 15 1.372,334 458 1,427,653 458 1,372,792 1,428,097 CURRENT ASSETS Stock Oeblors.. amounts falling due within one year Cash al bank 16 73,270 220,796 77,019 168,48T 293,468 245,506 LIABILITIES Creditors.. Amounts falllng due wilhin one y88r 17 1235,3101 (197,973) NET CURRENT ASSETS 58.156 47,533 TOTAL ASSETS LESS CURRENT LIA81LITIES 1N30,948 1,475,624 NET ASSETS 1,430,948 1,475,624 TOTAL FUNDS OF THE CHARITY Unreslrieted funds Designated lunds Reslrioled funds Endowmont funds 19 62,495 298,756 67,932 1.001,765 37.62Q 303,351 117,483 1.017, 170 TOTAL FUNDS 1430 948 7 475 624 The financial 51alem8nts were a ed by the Board ofTruslees on 15 September 2025 and were signed on its behalf by.. Nigel Gooding - ChalrlTrustee Josef Khan- Treasur8rifrustee -17-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flow¥ from opèratlng actSvltles: Nel cash provided by operating activities 7, 160 56,614 7, 160 C88h flows from Inve$ting a¢tlvltl&s Purchase of fixed assets Cash providad by lused inl investing activFtI•s {4,9051 (1,661) Increase in cash and cash equivalents in the ye8r expended 51,709 5,499 Cash and cash equlval•nts at the start of the year 168,487 162988 Cash and cash èqulvalents at the end of thè year 220 196 168,487 CASH FLOW NOTES 2025 2024 Reconcillatlon of nèt movement In funds to net cash flow from operatlng activities Net lexpenditurel income lor the reporlin9 p8riod las per the stalernent ol financial activiliesl 144,6761 (67.782J Adjustments for.. Add back depreciation charge Decreasellincieasel in stock (IncreaseyOeoiea5e in debtors Increaselldecre8581 In Cd110rS 60,204 65.217 1.045 7,349 1.331 3,749 37,337 Net cash used In operating activitiès 56,614 2025 2024 Analys1¥ of cash and cash equivalents Cash and cash equivalen15 220,196 168,487 Total ca8h and cAsh equlvalents 220 196 168487 -18-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES A summary of the principal accounting poliries adopted judgement5 and key SoUrS of estimation UnrtainlY in the preparalion ol the accounts 8rÈ IAid out below. Basis of preparation of th• Flnanclal Ststements Tho fin8n¢ial statements have been prepared in accordance with Aocounting and Repot1ing by Charities.. Statement of Recommended Pr8clice applicable to charities preparing their accounts in accoidance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland issued in October 2019. the Financ4al Reporting Standard applicable in Ihe Uniled Kingdom and Republ of Ireland IFRS 1021, Ihe CharItS Act 2011 and UK GenoT31ty Accéplèd Accounting Practice. Croydon Voluntary Association forlhe Blind meets the definition ol a public benefit enlily under FRS 102. Assets and liabililies are inilially recognised al historical cost or transactn value unless olherwise slated in the relevant accounting policy. The financial slalemenls are preparod In slerlSng whlch is Ihe functional currency of the Charity and iounded to Ihe nearest £. Judgement and key sources of e8timatlon uncèrtalnty In (he application of the Charity's acoounling policies. the Charity is required lo make judgem8nls, &5timatey and assumptions about the carrying amount of 8ssel$ and li8billlies thal are not readily apparent from other sources. The eslimates and associated assumptions are based on historical exptrrienee and other factors that are considered lo be relev8nl. Actual results may differ Irom Ihese eslimales. The estimales and underlying assumptions 8Te ievi8wed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate 18 ievised where the revision affects only that period, or iri the period of the révlslon and future periods where the revision affects both Current and future periods. Fund Accountlng Unrestricted funds can be used in accordance with the ¢h8rilable objectives at the discretion of the Trustees. Unreslricled funds may indude designated funds where the Trustees, 81 Iheii discretion. have created a fund for a specific purpose. R85tiicled funds can only be used for restricted purposes within the objects of the Charity. Reslriclion8 arise when spe¢lfled by the donor Dr when funds are raised for resliiclgd purposes. IM)ere required. a monitoring report is sent lo the donor or funder detsiling 6xp6nditure. Further explanalion of the nature 8nd purpose of each lund is included in Note 20 on page 28. ncom¥ All incotning resources are included on the Statement of Fln8n¢i81 Activities ISoFA} when the Charity 13 legally enlilltsd lo the income, and th8 amount can be quantified wilh reasonable accuracy. Grants and donations are only included in the SOFA when the 9gn8181 income recognition criteria are mel. There h88 been no offsettlng of assets and liabilities, or income and ext5&$, unless required or permilted by the FRS 102 SORP or FRS 102. Expenditure Expenditure 18 iecognised once there is a legal or constructive obligation to make phymenl to a third party, it is Probable that selllemenl will be required. and the amount ol the obligation can be measured reliably. Costs of raising fund8 is d8t8i18d on Nole 6 on page 22 and comprises the costs as50cl8led wllh attracting voluntary income and any fundraising events. Charitable expenditure is detailed in Note 7 on page 23, and comprises those costs incurred by the Charity in the delivery of ils activities. 11 in¢ludes both costs that can be allocated diieclly lo such 8¢tivilles and those costs of an indirect nature lo support them. All expenditure is aocounted ftsi on an accruals basis. -19-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- eonilnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued Golng concern The financial slaletnents have been prepared on a gng concem ba515, as the Truslees believ• Ih8t no material vncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statemenls and consider these sufficiant for Ihe Charity lo be able to conlinve 8s a going concern. Tanglble flxed a88ets Tangible fixed assets 8re slated at cost or v8luation less depreciation. IndlvidLJal fixed assets ¢osling £l,QOO or mor8 8r6 capitalised. Depreciation is provided al roles calculated lowiile off the cost or valuation of fixed assets, less Iheire51imated residual valu8, over Ihelr expected useful livos on the following ba5e5". A83et Cat•gory Motoi v9hleS Sp8cialisl Equipmenl Computèr Equipment Fixtures and Fillings Freehold Bulldings Land Annual Rats 250/0 on cost 254h on cosl 33.33% on cost 20/¢ on cost 2 10 on ¢osl No depreciation Investment8 Investrnenls 8re a form of basic financial instrument and are Inlfjally recognised at Ihelr transaction value and subsequently measured al their fair value as al the balance sheet dale using the closing quoted market price when Ihe amount is material. The income arising on the investments Is shown under investment income in the Slalement of Financial Aclivilles. Gains and1058es on Inveslmenl assets dis5x)sed of are shown 8s gains and losses in Ihts Slatemenl ol Financial Activities. Cash at bank and Sn hand Cash al bank and in hand represent8 bank 8ccounls where fijnds Are available on demand. Stocks Stocks are valued al the lower of cost and net realisable value, 9ft6r making allowance for obsolete and slow-moving 1tems. Debtors Tfado and other debtors 8Te rEcognised al the s8tt1emenl amount due. Prepayments are recognlsed at the invoiced cost prepaid. Creditor8 and Provisions Creditors and provisions are r8cognised where the Charlly has a present obligation resulting from a past event that will probably rèsult in ihe transferolfunds lo a third party and the amount due lo selllethe obligation can be measured or estimated reliably. Creditors and provisoons a normally recognlsed at their selllemenl amounl after allowing foi any trade discounts due. Taxatiorh The Chaiity Is an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010. Accordingly, 1 is polenlially exempl from laxalion in respect of income and oapilal gains received lo the exlent Ihal such income or gains are applied to exclusively charitable purposes. No provision lor taxation has been made in these financi81 slalements. PensSon Costs and other post-retirement benefits The Charity operates a defined conlribulion pension scheme and was offered lo 8115taff. Contributions p8yable tothe Charity'8 pet)sion $¢heme are charged lo th& Statement ol Firiancial Activities in the peritsd tts which they rel31&. -20-
CROYOON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM DONATIONS AND LEGACIES 2025 2024 Donations 19,297 17,032 79,297 In¢ome from donations and lÈgaeles was £17.03212024.. £19,297I of which £17.032 w8s unrestricted (2024.. £19,297) and £nil was restricted1224'. £nill. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2025 2024 Activity Core Sotvl¢es Th8 Lost 500- Big Lollery The Lost 500- City Bridge Foundation The Lost 500- Edward Gosling The Lost 500- Vision Foundation Children and Young People's Programme Community Organi$8tlons Cosl of Living Fund Community Tiansport Project Croydon Loves You Communily Events Croydon Vision Community Events Outreach Projects We can create loo Core Services Grants- unreslricled Grants- restricted Grants- reslricted Grents- reslricled Grants- reslricled Grants- restricted Grants- restricled 33,150 148,812 52,600 75,330 148,989 51,433 12,500 34,874 8,25Q 35.992 16,250 Gr8nts- restricted Grants- restricted Grants- restricted Giants- restricted Giants- ieslricted Service users Income 180,993 4,770 t65, 785 10,000 39,000 7,364 55,978 542 564 606,495 INCOME FROM TRADING ACTIVITIES 2025 2024 Fundraising Hall hire Rent received Other 10.546 96,834 46,986 8,821 58,758 47.622 85 154,366 715,286 Income eamed from trading actlviltes was £154,36612024.. £115,286) all unrestricted. INVESTMENT INCOME 2025 2024 Inve¥lment income 2,S38 All the Charity's investment income of £2.53812024.. £1,595) is unrestricted. -21-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 RAISING FUNDS 2025 2024 AGM, M8tketing costs and rebrand Direct lundraising costs Fundiaising events 2,718 43,452 2,49S 6,400 45,975 20,134 72,509 Of the total raising funds expenditure of £4e,66512024'. £72,509), £832 was in resped of restricted lund$12024.' £8,749) and £47,833 was in respect ol unrestricted funds12024.. £63,760}. CHARITABLE ACTIVITIES COSTS Dire¢t costs Governan¢9 (See note 8} 2025 2024 Totals Totals Children and Young People's Programme Community Organisalions Cost of Living Fund Community Transport Assets Community Transport Project Core Services Croydon Loves You Community Events Croydtsn Vision Community Even18 Oulieach Projects The Lost 500 Project We can crealo loo Project 15.903 15.903 8,250 34,971 35,500 160,272 245,448 35,500 189,517 212,047 4,758 35,500 191,857 226,373 4.758 2,340 14,326 7,214 39,000 200,760 39,000 204,126 3.366 243,519 7,994 697,485 20,032 717517 743, 168 Of the lotal charitable aclivilies. costs of £717,517 P024.' £743,168), £491,144 was in respect of restricted funds (2024 £497,719), £210,968 was in respect of unreslri¢ted funds12024.' £230.04418nd £15,405 in r85pecl of endowmentfunds12024.' £15.4051. GOVERNANCE COSTS 2025 2024 Accountancy lee8 Heallh & Safety HR fees Independent Examiner fee Payroll fees Professional fees 9,976 3,972 4,354 1,320 410 13,597 5.27Q 9,364 1.200 410 20,032 Of the total governance cost5 of £20,032 12024.. £29.8411. £5,706 was in re8pe¢t of reslrlcled lunds (2024.. £6,904) and £14,326 was In respect ol un$t[1Cted funds12024.' £22,937). TRUSTEES, REMUNERATION AND BENEFITS The Charity Trustees were not paid or received any other beriefits from employment wilh thè char(Y in Ihe year12024.' £nlll neither were they reimbursed expenses during the year12024.. £nill. -22-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 10. STAFF COSTS 2025 2024 Wag68 and Salaries Social security costs Pension cos15 315,766 21,032 372, 754 26.509 15 924 350.162 415,187 One employee had employee benefits in excess of £60,000 in the £60,000- £70,000 b8nd {2024.' 1). Ponsion costs are all181&d to activities in proportion lo the related slaffing c081s Incurred. Th& Senior Managernenl Team of the Charity compris85 ol the Trustees and those detailed on page 1 of the TruslÉ8s reporl. The lolal employee benefits tsf the key management personnèl of the Charity were £134.28012024'. £160,828). STAFF NUMBERS Th8 av8rage monthly number o18mployees (including c83U81 and part kme staffl during the year was as follows.. 2025 Numbers 2024 Number$ Senior Management Team Olhei Diiecl Charilable Staff 12 14 15 12. PENSION COSTS The company has a defined contribution pension scheme, which all ernployees are entitled lo join. The cotnpany contributes 5Ytr and the employetrs contributed 5°1ts and ernployees may make lurlher additional voluntary conlribulions. Duiing the year ended 31 March 2025, the Charily's lokl contribution5 amounled lo £13,36412024.. £15,924). The Trustees are satisfied that any foreseeabl8 chang8 in employerfs contr1tlI0nS can be budgeted for without delrimenl lo th6 Charills on-going a¢liviliès. 13. TRANSACTIONS AND RELATED PARTIES one ol the Trustees received remuneration Irom Iheii work with the Chaiily as Trustees. However, one of our Trustees {Frances Cullen) leads an 8Ctivity al Croydon Vision 8nd charges the organisation at a subslantialty reduced rate. Any connection between a Trustee or Senior Manager of Ihts Charity with Service User, axlernal contractor or suppler ol services musl be disclosed to the full Board of Trustees in the same way as any other conlraclual relationship with a related party. There were no other material rolated party transactions during the perlod. -23-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 MARCH 2025 14. TANGIBLE FIXED ASSETS Freehold Freehold Property Property Unrèstrlcted Endowment Other A6sets Totsls COSTNALUATION At 1 April 2024 Additions Disposal 344.581 1,155.419 237,030 4,905 1,737.030 4,905 Al 31 March 2025 344,581 1,155,419 241935 1,741,935 DEPRECIATION At 1 April 2024 Charge for year Eliminaled on disp0581 41.230 4,595 138,249 15,405 129.918 40,204 309,397 60,204 Al 31 M8r¢h 2025 153854 170122 369.601 NET BOOK VALUE Al 31 March 2025 298,756 1001,765 71,813 1,372,334 At 31 March 2024 303,351 1017,170 107,112 1,427,633 Valuation of the Froehold Property A revaluation of lh8 Ireohold prc*perty was c8rried out In May 2015 by an external fim of valuers and properly was valued on an'existing u3¢. basis at £1,500,000. This w8s spIII between £500,000 land and £1.000.000 buildings. Endowment Funds In previous years, £500,000 of the freehold property was originally regarded by Charity Commission as a pennanent endowmenl and therefore restricted. Al the lime of the last valuation before May 2015, the freehold buildings had a lo181 not book value of £649,115. So, using the fraction £500,0001£649.115 the restricted proportion is calculated al £1,001,765 net book value as at 31 March 2025 {2024.' £1.017.1701. 15. FIXED ASSET INVESTMENTS Llsted Inv¥8tmonts Totals MARKET VALUE Al 1 April 2024 Additions Disp0581s Revaluation 458 458 Al 31 March 2025 458 458 The remaining non-UK listed inve51menls are 135 shares in Banco Santander, S.A. shafes ol É0.50 ntsmin81 value. Revaluation w8s considered lo be immaterial due the small value of th¢ Shares held. -24-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND A CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Accrued income 9,425 31,797 32.048 70,071 30, 764 77,019 17. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Deferred income Tax and social securily Oiher creditors and accrued expense8 18,004 200,747 6,860 9,699 20,651 156.944 6.332 14,046 235,310 197 S173 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Current year information for th8 net assels between funds.. 2025 2024 Unrestricted Funds Restrlcted Funds Endowment Funds Total Funds Total Funds Fixed asso1$ Inveslrnenls Current assels Curr8nl liabilities 305,486 458 89,605 34,298 65,083 1,001.765 1,372,334 458 293.466 235,310 1.427,633 458 245,506 197,973 203,861 01,012} 361.251 67,932 1.001765 1430,948 t 475 624 Comparative year Information for the nel assèts between funds.. 2024 2023 Unrestricted Funds Restricted Fund8 Endowment Funds Totsl Funds Total Funds Fixed assets Investments Curienl assets 309,880 458 75,469 44,836 100,583 1,017.170 1,427.633 458 245,506 197 973 Y,491, 189 458 248,401 196,642 170.037 153.1371 340,971 117,483 1.017,170 1,475,624 1,543,406 -25-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS- Gontlnued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- Current Year Net movament Transfers In fLtnds befvleen funds At 114124 At 3113125 Unrestrlcted fund¥ General fund- Free re8erves Designated funds Dèsignated fund- Freehold building 37,620 24.875 62,495 303,351 298.756 340.971 20,280 361,251 Restricted funds Children & Young People Fund Community TrarTrsport Assels Community Transport Projecl Lost 500 Project 347 {35,5001 (11,0291 3,3691 347 65,083 150 100.583 11.179 5,721 117,483 149,5511 67.932 Endowment funds Freehold Building 1.017.170 15,4051 1,001765 1,017,170 (15,4051 1,001,765 TOTAL FUNDS 1.475 624 44,6761 1,430,948 Net movement in funds for the current year are as follows.. Income Expènses Movement in funds Unrestrlcted fund8 General fund Designated fund- Freehold building 279.081 1254,206} 4.59S} 24,875 279,081 1258.8011 20,280 Restricted funds Children & Young People Cornrnunily Transport Assets Cornrnunily Transport Project Croydon Loves You Lost 500 Project Outreach 16,250 115,9031 I35,5) 1192,0221 14,7701 (204,7811 39,000) 347 135,5(K)I 111,0291 180,993 4,770 201,412 {3,3691 442.425 {491.976} (49.5511 Endowment funds Freehold Building 15,405 15,405) 154051 15,4051 TOTAL FUNDS 721,506 766,1821 44.6761 -26-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- Previou$ y&ar Net movement Transfers In fund$ b8tw6•n funds At 114123 At 3113124 Unrestricted funds General fund- Free reserves Designated funds Designated fund- Freehold building 54,121 116,5011 37,620 303,351 362,C67 121.0961 340,971 Rè8trlcted funds Children & Young People Fund Community Organisations Cost ol LNing Fund Communily Transport Assets Commullity Transport Projecl Lost 500 Project We Can create too 136,083 6,086 S,965 630 {35,500) 5,093 12441 100,583 11,179 5,721 148,764 131.2811 117,483 Endowment funds Freehold Building 1,032,575 15,4051 1,017 170 1,032,575 {15,4051 1.017,170 TOTAL FUNDS 1 543,406 67 7821 1,475,624 Net mtsvtrment in funds for the ¢urrènt year are as follow5.. Incom6 Expens?¥ Mtsvamant In funds Unrestrictèd funds General fLJnd Designated fund- Freehold building 272.708 1289.2091 (16,5011 272,708 1293,8041 121,096) Restrlcted fund$ Children & Young Peoplè Communily Organi58tions Cosl of Living Fund Community Transport Assets Gommunity Transport Project Cioydon Vision Community Events 2023 Lost 500 Project We can create loo 8.250 35.992 18,2501 135,9921 135,5001 1160,6921 110,00(11 1248,0401 7,9941 135,5001 5,093 165,785 10,000 247,796 7,364 {2441 475,187 1506,468) 131,28ti Endowm9nt funds Freehold Building 15405} 15,4051 15,4051 15,4051 TOTAL FUNDS 747 895 8156771 67,7821 -27-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS-contlnued FOR THE YEAR ENDED 31 MARCH 2025 20. FUND DESCRIPTION Unre8trlct•d Funds General Fund This fund is hèld to meet the day-lo-day atllvlties ol ihe Charily in line wilh the Charity's objectives. This fund has been raised through donations. legacies and grants from Trusts and Foundations Deslgnated Furtds Freehold Buildin This fund is held lo match the unrestricted elernenl of the Charily's freehold buildings. The unrestricted wrlion of the building has a net book valu& 8131 March 2025 of £298,756 Isee note 14. page 24 for further dEtails}. Endowment Fund¥ Freehold Buildin In previous years, £500.000 ol the freehold property was originally regarded by lh8 Charily Commission 83 a permanenl endowment and theref018 restricted. At the lime of the last valuation before May 2015, the freehold building5 had a total net book value of £649,115. So, uslng the fraction £500,0001£649.115 the restricted propotiion is calculated at £1,001,765 nel book v8lue as at 31 Maich 202512024.. £1,017,170). Rèstrlcted Funds Children and Young People Fund th grant funding from The City Bridge Foundation, The Pow811 Family Foundation and other smaller grants and donation we are able lo provide seNices to our younger members. Croydon Vision's younger mernb815. who range from 3 ye8r8 old lo 18, are all visually impaired or blind and some also have additional neads. such as physical or learning disalItIes. Our focus is helping them to Sive wilhoul being defined by their sight loss. The activit$ oui youngèr members participate in Ihiough Croydon Vision are designed to challenge and slimulal& them, while meeting their 8pocific needs. Building self-esleem, independence and confidence. B0081ing social and communication skllls. Making new friends who have shar8d experiences and challenges. Community Transport Assets and Project Motabilily grant funding has enabled Croydon Vision to grow our community transport services. The project Is directly aimed at improving c¢Nnmunity transpori option8 in the London Borough of Groydon for people living with the disability ol sight loss and somelimes olhor complex health conditions. Croydon Love8 You Funding was received last summer Irom the London Borough of Croydon lo support our summer progr3rnrn8 of community well-being events. We were able to run a series of 8Ctivlties during the period for people wllh sight loss and lor thern to try new things and foster a lovè of well-being activities. Lost 500 Project Over thtr past three years, The Lost 500 project, funded by the Big Lottery Community Fund. Edward Goslling Foundalkjn. Cily 8ridge FoundalK)ri, The Vision Foundaliori olhei fundèrs, has signiftcantly transformed Ihe lives of individuals living with 8ight loss in Croydon, Through a holistic and person-centred approach. we exceeded our original target of reaching 500 indNiduals, engaging 696 new members and delbveiing over 500 home visits lo ensur6 inclusive, ac8$1b1e support. Outr8ach Project Funding was received Iiom the Garfield Weston Foundation. King Charles 111 Chaiilable Fund and other lunders and dontsrs lo support out oulre8¢h service. These services are central to our mission and include our Wo¥king Age Group programme, Accessible Technology Support Hub, AdvSce and Advocacy services, home visits for pcospective members, and the dellvèry of Visual Awareness Tiaining to local organisalions and businesses. Over the pasl ye8r. this funding has enabled u8 lo reach 178 new members and carry out 125 horne visits. helping us connect with individuals al the earliesl stages of their sight loss joumey and provide lailorèd, impacllul support. -28-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI 21. CAPITAL COMMITMENTS The Charity has authorlsed and contracled for expendilure of £Nil. The Charity has 81Jthorised bul not contracted for expenditure of £Nil in its ¢8pi181 budget for the upcoming year. 22. POST BALANCE SHEET EVENT There have been no post balan¢e sheèt èvents lo report. -29-
CROYDON VOLUNTARY ASSOCIATION FOR THE BLIND IA CHARITABLE INCORPORATED ORGANISATIONI DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Voluntary incomè Donations 19,297 17,032 79,297 Incoming resources from ¢harlt4bl& aetSvltles Service users, income Grants 66,986 475,575 55,978 550517 542,561 606.495 Actlvltles for generatlng funds Fundrydising &venl$ Hall hire Rènt receivèd Oth8r 10,546 96,834 46,986 8,821 58,758 47,622 85 154.366 115,286 Investment Income Bank Interest Dividends 2.538 1,589 2,538 1,595 Othèr Ineomg Sundry income 5,009 5,222 Totsl incomlng re80urce$ 721,$06 747,895 Fundraising costs AGM, Marketing costs and branding Direct fundraising costs Fundraising events 2,718 43,452 6,4flO 45.975 48.665 72,509 Charltable aetlvltles Staff Salaries Team Training (staff and volunleersl Slaff Recruitment Contract Staff Slaff TI8v811ing and Meetings Slaff Welfaie Consultancy 350.162 415, 187 2,833 758 36,529 1,203 1,727 5,567 13.746 54,790 2,092 1,722 1,575 v 11 Depreciation Direct Project5 expenses Flat expenses Hall expenses IT and website Office Adminislralion Premises expenses Volunteer expenses 60.204 101.321 12,457 12.552 9,816 23.169 45.519 7.604 65,217 77,696 10, 755 6. 198 11,870 26,414 46,843 5, 136 697.485 713,327 This page does notfoTm part of It $latutory flnanci81 slatsm8nt8 -30-
CROYDON VOLUNTARY ASSOCIATION FOR THE BUND IA CHARITABLE INCORPORATED ORGANISATIONI DETAILED STATEMENT OF FINANCIAL ACnVITIES FOR THE YEAR ENDEO 31 MARCH 2025 2026 2024 Gov•rnanc8 Costs A¢count8ncy fees Health & Safely HR fees Independent Exarnit)er tse Payroll fees Professional fees g,g76 3,972 4,354 1,320 410 13.597 5,270 9.364 1.200 410 20,032 29,841 Total resouTCeS expended 766,182 815,677 Operatlng IDeficltl Thls paga doey not foffti part of the statutory financial statsmenl8 -31-