REGISTERED CHARITY NUMBER: 204279 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR INSIGHT GLOUCESTERSHIRE Page 1 of 22
INSIGHT GLOUCESTERSHIRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 Page Administrative Details Report of the trustees 4t012 Statement of financial activities 13 Balance sheet 14 Notes to the financial statements 15to20 Detailed statement of financial activities 21to22 Page 2 of 22
Insight Gloucestershire Administrative Details For the year ended 31 March 2025 The trustees present their report with the fin3ncial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019}. Charity number 204279 (England and Wales) Registered office 18 Albion Street Cheltenham GL52 2RZ Board of trustees: Trustees who served during the year and up to the date of this report were as follows: Ann Lightfoot (Chair- Resigned Dec 2024) Tim Rice Michael Johnson (Elected Chair Dec 2024) Elizabeth Bristow Louise Simmonds Isecretaryl Clare Finnimore (Appointed Nov 20241 Carl Hall (Appointed March 2025} Chief Executive Mike Silvey Independent examiners Mitchells Chartered Accountants 41 Rodney Rd Cheltenham GL50 IHX Paoe 3 of 22
Insight Gloucestershire Report of the Trustees For the year ended 31 March 2025 About Insight Gloucestershire The charitable object of Insight Gloucestershire is to promote the relief of sight impaired people within Gloucestershire. The charity was formerly known as the Gloucestershire County Association for the Blind and changed its name in 2013. Insight Gloucestershire provides timely and appropriate support services for all people affected by sight loss in Gloucestershire, along with their families and friends. Our aim is to ensure people with sight loss in the county are able to lead active, independent and fulfilled lives. We work with people affected by sight loss to help them navigate the often-complex provision of services, joining up health, social care and community services. Our agreed organisational objective5 are.. To ensure all people with sight loss in Gloucestershire land their family and friends) know where they can find sUPPOrt relevant to their personal situation. To provide a range of good quality, high impact services driven by the voice and needs of our clients, To build a strong and sustainable organisation which adds real value, can demonstrate its impact and has the confidence of the people and organisations we work with. Review of the year This has been a year of steady progress and important development for Insight Gloucestershire. Page 4 of 22
Following the retirement of long-standing staff members and a period of transition in 2023, we have focused on strengthening our service5, expanding our reach, building our volunteer base, and embedding new ways of working. A key part of this transformation has been the introduction of an innovative partnership model with Sight Support West of England and Wiltshire Sight. By sharing a centr31 management and support team between our three charities (covering management, fundraising, finance, communications, and administration), we have been able to operate far more efficiently. This collaborative approach has significantly improved our ability to deliver high-quality, consistent services to people living with sight 1055 across Gloucestershire, whilst also reducing our core costs. The marked growth in both the number of people accessing one-to-one support and the significant increase number5 of people accessing our social groups demonstrates the real and tangible difference this partnership model is making to local lives. Following our introduction of the community hub model, opening 9 different locations across the county in January 2024, this year we launched a further new hub in Nailsworth. Through our hubs the Community Sight Loss team have provided one-to-one practical and emotional support to 479 unique individuals overthe year, a nearlyfive- fold increase on the numbers supported 18 months ago, Engagement with our social groups has also grown significantly, with 181 individuals regularly attending groups during the year, compared to fewer than 50 people participating in the previous year. Feedbackfrom the social groups has been overwhelmingly positive. One attendee shared, "It is so good to meet otherpeople with rny eye condition because I realise l am not on my own. There are others in the same boat. The social groups have been a life saver." To cater for some specific groups who may not be able to attend weekday socials, we also introduced four new virtual hubs-providing Page 5 of 22
regular Zoom-based peer support far university students, working-age adults, parents of children with Vl, and young adults. We have also introduced telephone consultations for those who cannot travel easilv, so we can respond quicker and reduce anxietyfollowing new diagnoses. In June we held our first 'Eye Can exhibition in Gloucestershire, attracting over 200 visitors and strengthening our relationships with eye health professionals across the county. With IOOO/o of attendees rating the events as Good or Excellent, the exhibition provided a one-stop shop for people with sight loss to see the breadth of support available and provided an opportunity to connect with others and to hear talks on issues around sight loss. Alongside improvements in service delivery, working in partnership has a150 delivered important cost savings. Through renegotiating contracts and moving to shared contractors across all three charities, we have successfully reduced our Insight overheads by more than £1,000 per month. These savings allow us to direct more resources to front-line services and ensure that every pound donated to Insight Gloucestershire has maximum impact for local people with sight loss. Volunteer engagement has continued to grow, and we have developed new corporate volunteering initiatives to broaden our base of support. We remain incredibly grateful to all our volunteers, who are at the heart of our work. We also stepped up our public awareness work in 24-25. This year we began a new partnership with NHS Gloucestershire's information bus, working together to raise public awareness in more remote locations, on eye health and support available for people experiencing slght loss. During National Eye Health Week in September, we ran a coordinated campaign across social media providing information on the importance of regular eye checks. Our social media platforms have been reinvigorated, and we have started sharing video testimonies and case studies more widely. Page 6 of 22
Our fundraising this year has also been strengthened, and we have seen some important successes. We exceeded our community fundraising targets and secured a significant three-year unrestricted grant from the Barnwood Trust, alongside further grants from a range of trust5 and foundations. While challenges remain particularly around capacity and ensuring sustainable growth the transformation made possible through partnership working means we are now better equipped than ever to meet the needs of people with sight loss across Gloucestershire. We move into 2025 with optimism, a stronger service offer, and renewed confidence in our future. Plans for the Future Our key development priorities for the 2025-26 year include: Monitor impact and respond to anticipated increasing demand for Services following changes to the national CVI process (which will now include a referral to local sight loss support services) and cuts to national charities, services,. Develop a new Digital Inclusion project in Gloucestershire, building on the success of Sight Support's digital work in Bristol,. Review reach of our hubs in Gloucestershire and develop a plan to meet agreed service metrics,. Develop our corporate fundraising offer, building relationships with local companies to increase our corporate income and harne55 volunteering opportunities,. Open at our first charity shop in Gloucestershire, to provide a new income stream for the charity, and to increase awareness of our brand and services. Page 7 of 22
Financial Review Income and expenditure for 2024125 were in line with the budget set for the year by the Board. Income is stable and our central costs have been reduced through our partnership model. For these reasons, The Board of Trustees continues to adopt the going concern basis in preparing the financial statements. Charitable Funders and Supporters Insight Gloucestershire wishes to thank all its charitable funders and supporters, listed below for the year April 2024- March 2025. As an independent charity we rely on the generosity of our supporters and the local community. Without their support we would not be able to deliver any of our valuable work providing local support for blind and partially sghted people in communities across Gloucestershire: Barnwood Trust National Lottery Reaching Boshier Hinton Foundation Communities Cheltenham Bridge Club Postcode Lottery D G Albright Charitable Trust Provincial Priory of Douglas Arter Foundation Gloucestershire and Herefordshire Evans Adlard Charitable Trust Rockcliffe Charitable Trust Florence Shute Millenium Trust Tesco Groundworks Freemasons The Condon Family Trust Friends Ukenited Will Charitable Trust Gilbert Trust W. O, Street Charitable Gloucester and District Christian Foundation Choir Gloucestershire County Council Jack Lane Charitable Trust Kevin Tait Opticians Kings School Langtree Trust Page 8 of 22
Reserves policy Total funds held at 31 March 2025 were £346,156 of which £18,125 were restricted in accordance with the donors, wishes. A further £88,892 of unrestricted reserves are tied up in the capital assets of the charity, namely the building in Cheltenham. Our current level of unrestricted free reserves is therefore £239,139, The Trustees are particularly aware of the need to take certain factors into account to cover fluctuations in income Iprincipally legacies), current liabilities and unplanned expenditure. The target amount for contingency set by the charity is therefore six months, operating costs, plus an amount of £50,000 to cover building repairs, and £10,000 for redundancy liability for longstanding employees. The level of free reserves 15 currently at the right level to meet these three potential liabilities. The level of reserves has been set by the Board of Insight Gloucestershire taking into account the following: The smooth running of the charity, and the provision of core services to sight impaired clients, needs to be maintained. Funds should be available to continue to subsidise the provision of core services until alternative sources of funding can be found. If the charity were to close it would take a minirnum of six months to find alternative and equivalent sources of support for our sight impaired clients across Gloucestershire. Funding should be available to deal with the contingencies which might arise in the day to day running of the organisation, including significant repairs to our building in Cheltenham which is showing signs of age. A number of costs would be associated with dissolution of the charity. Structure, Governance and Management I nsight Gloucestershire is a registered charity, control led by its govern ing document, a constitution, last amended in September 2013. The Board Page 9 of 22
acknowledge that the constitution is out-of-date and in need of updating, and at the time of writing this is in process. We expect to have an updated constitution in place by Autumn 2025. The organisation is governed by a 803rd of Trustees. In December 2024, our long-standing Chair of Trustees, Ann Lightfoot, stepped down from the Board, and was replaced by Mike Johnson. We would like to extend our sincere thanks to Ann for her long and dedicated service to Insight over many years, We welcomed Clare Finnimore (Appointed Nov 20241 and Carl Hall (Appointed March 2025} to the Board of Trustees this year. The Trustees do not receive any remuneration for their services to the charity. In the event of the charity being wound up, the trustees have no liability to contribute to its assets. Day-to-day management of the charity is delegated to the joint operational managementteam {CEO, Head of Fundraising & Comms, and Head of Servicesl, as outlined in our Partnership Agreement with Sight Support West of England and Wiltshire Sight. This agreement is reviewed regularly bythe Board to ensure it remains in the best interests of people with sightloss in Gloucestershire. Related Parties There were no material related party transactions with trustees or senior management. Risk management and delegation The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate systems and controls are in place in order to mitigate those risks and to provide reasonable assurance against fraud and error. During the year the trustees have considered the major risks and systems have been put in place to mitigate their impact. The risk analysis is discussed at every other Board meeting, and a full review takes place annually. The charity has a Schedule of Delegation in place which defines which decisions are taken by the Board of Trustees and which are delegated to Page 10of22
the joint operational management team. The Schedule is reviewed annually and covers areas of strategy, risk management, legal obligations, organisational policies and procedures, variations to agreed budget and strategic use of reserves. Public Benefit The Board of Trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the cha rity. Statement of Responsibilities of the Trustees The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements far each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to: Select suitable accounting policies and then apply them consistently,. Observe the methods and principles in the applicable Charities SORP,. Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page11 of22
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differfrom legislation in other jurisdictions. Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. Independent examiners Following a competitive tender process, Mitchells Chartered Accountants were appointed as the charity's independent examiners during the year and have expressed their willingness to continue to act in that capacity, th Approved by the trustees on 11 November 2025 and signed on their behalf by Michael Johnson Ilth November 2025 Page 12 of22
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSIGHT GLOUCESTERSHIRE Independent examiner's report to the trustees of Insight Gloucestershire I report to the charity trustees on my examination of the accounts of Insight Gloucestershire foT the year ended 31 March 2025. Responsibilities and basis of report As the charity tTUStees of the Trust you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and faiT view which is not a matter considered as part of an independent examination. 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. Anthea Evans FCCA Mitchells Chartered Accountants Mitchell Glanville Limited 2nd Floor Cumberland House Oriel Road Cheltenham Gloucesiershire GL50 1 BB Date.. 26 November 2025
Insight Gloucestershire Statement of Financial Activities For the year ended 31 March 2025 Unrestricted Restricted fund fund 2025 Total Funds 2024 Total Funds Notes Incoming Resources Don8tions and legacies Investment income Other income 131,970 7,161 94,740 226,710 7.161 188.301 6,017 Total 241 ExpendTture on Raisingfunds 2,477 2,477 25,146 Charitable actlvltles Support for people with sight loss Governance costs 89,843 110,270 200,113 205.457 Total N et gainslllossesl on investments Net Income I Expenditure 54.496 115,5301 38,966 122,5081 Reconciliation of Funds Total Funds Brought Forward Total Funds Carried Foard Page 13 of22
Insight Gloucestershire Balance Sheet For the year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes Fixed Assets Tangible Assets Investments 88,892 88,892 88,892 245.956 245,956 163.229 Current Assets Stock Debtors Cash at Bank and in hand 3,162 1,478 3,162 1,478 3,696 3,295 95,497 18,125 147,114 147,114 Creditors Amounts Falling Due within One 9 Year {13,4221 113,4221 13,1611 Net Current Assets Total Assets Less Current Liabilities 328,031 18,125 346,156 307,182 Net Assets Funds Unrestricted Funds Restricted funds 328,031 273,527 Total Funds 346,156 307,182 The financial statements were approved by the Board ofTrustees and authorised th for issue on 11 November 2025 andwere signed on its behalf by: Michaeljohnson Chair of Trustees Page 14 of22
Insight Gloucestershire Notes to the Financial Statements For the year ended 31 March 2025 Accounting Policies Basls of Preparing the Financial Statements The financialstatements ofthe charity, which is a public benefitentityunder FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Irela nd (FRS 1021 (effective 1 January 2019),, Financial Reporting standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certair) assets. Income All i ncome is recognised in the Statement of Financial Activities once the ch8rity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is 8 legal or onstructive obligation committing the charity to that expenditure, it is probable that a transferof economic benefits will be required in settlement and the amou nt of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been c18ssified under headings that aggregate all cost related to the category. Wh8re costs cannot be directly attributed to Particular headings they have been allocated to activlties on a basis consistent with the use of resources. Tangible Fixed Assets Dep reciation is provided at the following an nual rates in order to write off each asset over its estimated usefu I life. Stocks Stocks are valued atthe lower of cost 8nd net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt f rom tax on its charitable activities. Page 15of22
Insight Gloucestershire Notes to the Financial Statements - continued For the year ended 31 March 2025 Fund Accountlng Unrestricted f unds can be used in accordance with the charitable objectives 8t the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specif led by the donor or when f unds are raised for particu18 r restricted purposes. Further explanation of the nature and purpose of each f und is included in the notes to the financiaL statements. Pension Costs And Other Post-Retirement Beneflts The charity operates a def ined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Investment Income 2025 2024 Investment income Trustees, Remuneration and Benefits There were no trustees, remuneration or other benefits for the year ended 31 March 2025 norfortheyearended 31 March 2024. Trustees, Expenses There were no trustees, expenses paid for the year ended 31 Narch 2025 nor fortheyearended 31 March 2024. Page 16 of22
Insight Gloucestershire Notes to the Financial Statements - continued For the year ended 31 March 2025 Comparatives forthe Statement of Financial Activities Unrt%11iCtcd fui funds INC0IE AND EIYDOWfvIENTS FROM 60.15? 16,745 6,017 128.144 Inv¢sTtr)¢ni inconie Total 211n63 EXPENDITURE ON Raising fiind$ 8J50 16.596 25.146 SuppDit forpeople willi 5i¥lil loss 127.564 77,893 205,457 TDtg1 I'esources txptndod IJ7 577 Nei ¥aii)slllossesl INi inYe51ni¢nis NET INCOMEIIF.XPENDITUREI 33,655 122,5081 RECONCILIATION OF FUNDS To1 biDu8lit fonvard 329,699 J29,699 TOTAL FUNDS CARFJKD FORWARn 273 536 33.655 3Q7.191 Tangible Fixed Assets Frechold prrtY Plant And Tnaehineiy Conipuier uipincnt COST Ai l April 2024 •nd JI Mah 2025 18,422 16.773 DEPRECIATION Al l Apiril 2024 ond 31 M8reh 2025 NET BOOK VALUE At31 March 2025 Al 31 M8rclI 1024 88,892 Page 17of22
Insight Gloucestershire Notes to the Financial Statements - continued For the year ended 31 March 2025 Flxed Asset Investments Listed Iiive5tsnEpIS MARICETVALUE Al l Api'il 2024 74,337 80. 2,726 R¢ali$ed 8ajlLS Ai 31 M¥r¢li 2025 NET BOOK VALUE Ai JI March 2025 Ai Jl March 2024 There were no investment assets outside the UK. Stocks 2025 2024 Sioeks al finished goods Debtors: Amounts Falling Due Within One Year 2025 2024 Tradt debtors Prepayments 1,946 1.349 1.478 1.478 3.295 Creditors: Amounts Falling Due Within One Year 1025 2024 Ti'ad¢ ¢lTditovs Ta%Blioii und so¢ial $uEllY Otlici'cfcditors 6.676 1366 4.380 13.422 Included in other creditors is a figure owed to Sight Supportwest of England of£3,130. Page 18of22
Insight Gloucestershire Notes to the Financial Statements - continued For the year ended 31 March 2025 10. Movement In Funds movemeiil Al 114124 3113125 Vnrestyleied funds (yeneral tiirtd 273,535 54.496 Resiricied Funds 13.655 IlSJ30) TOTAL FUNDS 346 156 Net movement in funds, included in the above are as follows: Incaming resoui'ce5 R¢sotsrces expended Goins aod 1053e$ MovemÈiiL in fund5 Urtrestyltted fttnds Gcneyal fund 146,510 194,7401 2.726 54.496 Rt5ti'irled fvnd$ RÈstri¢ied FuThds 94,740 115,530} TOTAL FUNDS 241.250 205.010) 2.726 Comparativesfor movement in funds Nei rno¥em¢nl in fithds Al 3113n4 Al 114r23 Uni'e51rl£ted flld$ G¢iierol fviid 329,698 27J,535 33,655 33,655 TOTAL FUNDS 22J08) 307 190 Page 19 of22
Insight Gloucestershlre Notes to the Financial Statements- continued For the year ended 31 March 2025 10. Movement In Funds- continued Comparative net movementin funds, included inthe above are as follow8.' Gains41 los¥s resour expeijded in funds Ullrestrloted funds eiieral tiuid 82.919 RlI.1Cltd fuNd5 R¢sirictcd Funds 194.4891 33,655 TOTAL FVNDS {232.0661 132,5081 A currentyear 12 months and prioryear 12 months combined position is as follows; Net tKo¥¢inenl In funds At 3113r25 At 114123 G¢n¢ral fund 329,698 318.031 R¢strlcted funds Kestl'icted Fun 18.125 TOTAL trUk4DS 129,698 16.458 A currentyear 12 months and priorye8r12 months combined net movement in funds, included in the above are as follows.. Incoming resourrrs Resource5 expend fjains and losses ovemelli in fund5 GeiicfAI fvrtd 229,429 Restrlcled fuNds 222.884 1304,759) TOTAL FUNDS 452,313 437.0761 1221 16,458 11. Related Party Disclosures There were no related party transactions for the year ended 31 March 2025. P89e 20 of 22
Insight Gloucestershire Detailed Statement of Financial Activitie5 For the year ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Legacies 16,709 20,182 210,001 156,379 11,740 226,710 188,301 Investment income Investment income 7,161 6,017 Other income Equipment sales 200 Club 7,319 60 16,367 378 7,379 16,745 Total incoming resources 241.250 211,063 EXPENDITURE Raising donations and legacies Staff sa18ries Fundraisingcosts 16,596 8,550 25,146 2,477 2.477 Charitable activities Staff salari8S National insurance Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising. ma rketing 8nd website Carried forward 73,786 82,466 290 2,377 2,290 2,780 4,277 3,694 1,841 4,198 2,329 4,737 1,247 1,581 3.403 3,906 529 888 89,992 106,627 This page does notform part of the statutory flnancial statements Page 21 of22
Insight Gloucestershire Detailed Statement of Financial Activities (continued) For the year ended 31 March 2025 Brought forward Sundries Lowvision equipment Recruitment Staff Training Bankcharges Subscriptions Property maintenance IT costs Staff Travel Redundancy costs Venue hire Small office equipment Demonstration and sensory equipment Grants to other org8nisations 89,992 106,627 327 460 5,368 13,165 474 534 324 625 214 6,681 15,228 890 9,403 1,066 232 35 4,283 6,083 1,738 2,813 345 146 88.277 50,250 200,113 205,467 Governance costs Accountancy 2,420 1,463 Total resources expended 205,010 232,076 Net income/{expenditurel before gains and Losses 36,240 121.003} Realised recognised gains and losses Realised ga inslllossesl on f ixed asset investments 2,726 11,5051 Net incomellexpenditurel 38.966 (22,5081 This page does not form part of the statutory financial statements Page 22 of 22