COA*ANY REGISTRATION NUPIBER." I)0149982 CHARITY REGISTRATION NUWER: 214131 Cardiff Institute For The Bllnd, (Incorporatsd) (The) Company Limlted by Guardntee Financial Statsments 31 March 2025 CARSTON ETL Chartered a￿Unt8r1ts & statutory auditr 1st Floor, Tudor House 18 Cathedral Road Cardnf CF119U Cardlff Instltuts For The Bllnd, (Incorporatsd) (Tho) Company Limltsd by Guarnnte• Flnanclal StstThnlB Year •nded 31 March 2026 Pag• Twstee8' annual r8POrt (Inw￿81[1￿j the dlreclorf8 report> Independent audltorf8 r8POrt lo the Statemem of financial activitk% (Including in¢xxM expgThditur• account) 10 14 Stalefftht of financial po8lllon 15 Statement of cash fiows 16 Notes lo the flnancial statemants 17 Cardlff Institute For The Blind, (Incorporated) (fhe) Company Llmlt•d by Guarantae Tru8tae8' Annual Report (Incorporating th• Dlrocto¢8 R•port) Y•ar •nd•d 31 March 2025 The tnMlee$, who a￿ the dirwkn lor tr* purwjw of (>)mpany I￿, preS￿rt thetr rnport end ¥)e financial sl*erMnt• of Ihg yaar ended 31 Mwch 2025. CHAIft'8 REPORT Support wlth •ttKud¢ Frances B•ty ShaThJ lakl the fwnd8tKffjs tx SW Llb In 1￿5. So, kn 2025 we'ye celettsllng 160 yoars of $upwrtin9 people with sight loss In scAJlh Wale8 In some ways. that support has changed litt￿ over the yearn help, dubs and 6(thl athiU8s arn SIAI very nxth at tho hoart olwlwtwp do. d*ils. ofc¢ur80. arn drfknnt Irs hard to Im8gln8 vrt￿t semce usern ofthé 18808 woukl make of 8 ￿p wlrv expthce in Abord*t, snal radng In CardhY6 Cty Amts wb. fnoncial ané ￿￿11b8￿g In Swansea, or an invitation to feeF a dlnosgur 8kfr￿n In Ihe Natknnal Pluseum of Wal88. AlIt￿￿e*, u wll as ￿knOB. (*w too. NorN*n a *Jrrn8f Slght Llle th*, on¢a lold mo about the he encountered Ni the 19805 al the Canliff Insthta for th8 Bllnd188 ￿ w8ro th•n kncAvn). "It wag a very patron151ng altittjde twrd8 blk)d pw at Ihat time. The WIP•)r￿8& thought in those days that Ll you provlde peop￿ w#h • trlp onc• a y•prth•t waj Ihem w•U.' D•gpltè wou$ wartim ir¥m. Nmgn tsainwj ￿ a Jft•r th• S•c4)nd V*brfd War. He went on to Ic¢* •ft•r w*mbern ofthe Wejsh rLvJby trthjlng Slr ￿reth E(￿1rd8, who i# rvw Suht LW¢ wesldent. A reminder of do8ety wr history is inte￿￿ed wrth th8t of C8rdrff Wale8. Nc*nw, b8t h+9 8ight*than hlj t•nk wes knoc￿1 out in 1944, paid ¥pe¢ialtributak* forrnerdtrgrt Rthard Evan8 and thtrn ¥eryteB rron•3er Carys Henry br this ￿l￿ve approach to peopl• wlth 8uburban •eThk• V￿'r• 6ti11 expanding and inrth•tirg nry#. GBtUrvJ around a bb ttAlknn9• for rrmt with BFght los•. So. tAP'r• off•ring servhx kn the $uburb8 of CardTrff, &Yan888. Neath Port Talbot 8nd RlbJndd8 Cynon T￿. Coundl hub8 olhor faGiS1ios m•an8 that nKJre of our club8, xtivllJoB and eo¢ial events (Ike tsa arKI chat In Swanwl ar• cloJ• to ts pe￿e ￿ u8e them. Thls ltyxl approw* aleo hB8thg advantage bwstaff In th￿￿ntral. and the gOnw￿ pub152- regulaty meet wjple wrth slght lo￿. knl our tralning gws Staff ts confthncè to talk to our and realbye that, yas, Ft18 OK to uae words Ike 8ee and watch a• ii." 'DiJ you w•t¢h th• rugty IOT Portwpj 'Etricty) n*hrr Ow dèVek)￿rvj MLa￿n￿lp cr￿n¢11 hubs Iws led bemfft too. Four ol our youw •*ht Impalred members hav• galned sp￿*workexPOfl￿ce and rA￿f￿1en¢eth[Dugh VLlunleer ￿acernents at Cardlff Central Hub. Thafs goYKI *Jr thoir Cvs. esp￿01￿ •5 research that empbyer8 are w•ry of takkn9 on 8taff (anl see hubs jUSt one ￿OUr relatsnfjhlxwllh lo¢al aul)ryth8 In and Swan8•a. the C8rdlff d Vale Healih Bowd, and many dher orr￿￿?th)ns and bu6hes69s across sculh Wale6. We can many oflhese relalionships, suth as our to dglrver statuttyy tserv￿5. back ovgr rrwry Yea￿ IA* value t1￿ p￿tr￿h￿ erKI are al••is ap￿ tt> nv4V opptylunitw. Cardiff Instituts For The Blind, (Incorporated) (Tho) Company Umit•d by Guarant•• Trn8t•o8' Annual R•port (Incorporallng the Dlr•ctorfg Report) Year onded 31 March 2025 Dlolch l Thank• That Slght Lrfe ￿ hwe tctyjay marklry 160 years of Improvw¥ the INes of th(*e wtth *ht ￿￿518 duts l) the dedkation of many peoKAe. IV8 wnpossblo io n•me ev￿an9. But I do want to roC4xd my thgnk8 to our ¥￿unteerS. our stsff, my fel¢y4V trustee8. Sir Garoth Edwwth aThJ our patron Ceri Dupre8. I wY)ukl a180 I￿ to thank th8 whJeThng cirde of p&tnern. fr￿08 who ￿1r TAwk tt￿gh ￿nd-r￿stn9 and 9erwalty hefplrg LNL a reminder of the value of whot - what ￿ - achkve, I can do no b•tt8r than the *wds ofone ofour u8erg.' "I c•nnot tellwe Ihe dlffgrnrtt you have made to nry Irle. TrAnks 89 muth Sighl LKO for ¥ho￿n9 you Btsll lkn and an￿ things you u8ed lo aftex b81TrJ your $ighL' Diolch yn lavff i•vm l ehi 9yd. John Sander& ch•*, 81tht Lifti Cardlff Institute For The Blind, (Incorporated) (T￿) Company LimitBd by Guarantse Tru$tse•' Annual R•port (Incorporatlng the Diroctof8 R•portl (•thr Y•ar endod 31 March 2025 REFERENCE Al￿ AI)MINISTAATIVE DEfAILS R•gl•t•r•d C￿rfty nam• Cardiff Ir*lbJt• For The BIKXI. IlrKWPOTrted) (Th¢) 214131 c￿lIty r•gl•tr•tlon numl>er C¢fflp•ny r•g•trnt*)n numb•r 00149982 Prlnw ollk• and ryikntornd Jones Cwt oflk• Womantty Stro•t Carthff CF10 1BR Th• Inrnt••8 MrJ Sand Dr CA Jon08 MG SL Pettwson Mrs S Sullivan Mr CJ Reddir& Ms E Hal Ettwards Mr J A8kty Audlt¢x 1st F￿r, Tudor Hou 16 cath￿ Rood Cardrfr CF11 gu 8•nlor m•n•g•m•nt Richlrd Harv Jonel nk•r• Lkyds Ajbwry RoBd. Carthff OBJECTIVES AIID AGfMTIE8 The Trustoes c•nfirm that l)ave referrad to the guldanc• contdned in tho Ch•ity ComrnissK￿ s 9eneral g[￿dar￿ on publlc iweftt when r8v6**ing the Institule's almg arKI obi•ctr¥08 and in pknning lubJTe ac1¥￿.&8, The ch8rty's obpcts a8 stsled w*iih tho Chwrty CommissKn are.. 'Training, empknYTh￿I and gemral weM8re of L*'nd, partiauy ¥yhted, 8e¥er•ly fjlghtod amd handirapped 51ghted p•rxTh.' of tho tharity. Cardlff Instltute For The Blind. (Incorporated) ITh8) Company Umlt•d by Guarantee Tnths. Annual Report (Incorporntlng tha Dlrnctorfs R•port) Y•ar •nded 31 March 2025 ACHIEVEMENTS AND PERFORKINCE 451.. Home Urtderta￿￿. 359.. The number ol tdh)d and paltith sighbj people TBL*P4lng assht￿e te(*rnlogy supp .g. computers, tsptops, winlers, mbil• p￿n￿. tablèts. CCTVS and TV$. 133: Total nurr*er ofvoluntws supwtirya *ht LKo'8 ••r¥kM. $625.. Totsl number of vc￿n￿er6n9 hwrs 69.. Peopk vhK) are blind aTrJ p*tslly $KJhled aclive volunt•ws. 3402.. Adub through ConlaL* Lino wr p￿1 out of hourn s8rvlr*. 3878.. People with s*ht r8ceiwJ s￿6c•s. ThAny having nwNplo Intsract#)M and What Slght Lif• do Blwvj and partlally *ht8d p8c¢lg sffy ￿ gr￿ I￿p• where waB onty desw41r. Ourwork15 ￿gn•j to support t4lr•Y and pathlty slghted people at an stag08 ofth•lr SW k)sJlourney and for a duralton ¥ppropf*ts to t￿th.r nowh. thi* ¢1￿1d b• indefinitety. 8hJht Llfe olkn wactkal supp￿1 and 8th4*• kn onyon• $lght In ￿uth Wd••. Wo CQbW Rhondda Cynon Taff. Cwdrff, Noath P￿t Talbol and Swanw. Our RegtstsrvA ¢)fflce Is IDCated in CO￿lffI at acti¥ity and lov￿r£% cantre, arAI our th 18 al80 fArrled out ¥iA W>5 in th8 ￿mMUn￿ and through 1..1 •0••1rn8 across •outh WaleB. Our 6tsff enat* members to kTyro¥g th•* physK•I 8n¢ •nxthrwl wdlljehw, an￿ Ir￿e￿n￿￿￿t Iv88. l (or 8WI onlln• remaln psrt ol Iho COn￿Un￿. Re8ear¢h by Cardlfl Unoverslty and olhern Sh￿ that 43% rf rAoFle slght It)88 hJve slgnMc8nt dek¥88sfve symFrtorn8. Th• kn¢ld•Ke of depr￿S1On l•swi•d vrti •ocl•l kndu¥b)n. cultural group wwofven￿nI arrfl phy•ic•l #c￿. Adums wrth s¥Jht kAs wern around time• h'kety to h•v¢ bad or vory W genernl h•arth compared wlth ¥•ltr• no *ht hx134 por cent and 7 W￿nt respectr¥8ty}. Reducing isolation 18 a Iw F4rt of our Thra is e¥Fwgly for those tscing thé trauma ot 8lght in later life. Overthe W yearwe h•ve also Lwi d8v8laFxThJ a Y(yJngw PeoF4e$ Prtrjr￿nM• to davelop 1￿fldar￿e. and eMpt￿.￿ty 8kJMs Ilwxe urth Ihe age of45. R88wth from Thonw Pockllffjt￿ Thomas Pocklln st - Thornas Pocklln cklin on-trusLor . stthws that*t fe¥ gwjht mm than any otherdtsabilrty. Y•t, one in five of us wll experierce s*hl at sorm p)wit ffi wr INe8 and Ihe inc¥dw ji get to ri$6 ty 3 In soulh Wales by 2030. We work diligentty to tskt w that fear. Through our ￿￿OrshI￿ the local NHS tKwds. Local Auth¢¥￿ ond cornm￿ Ihlrd iors. we reduL* reli8rK6 on primwy care servinilgnd th& on tlwlr Ilnlted IXWI. A8 an Intspe￿I8nl ¢fffjrtty, and ¢)ne of the oklest in V*dlo6. 7A* ctintinu81ty seek innovatlve ways and mutu81ty ben8fcral parthoryhlps to nurture the of our 9r(Ming nLtmber of w4ic£ u3ern. Through ourVL%ual Awarenes8 Training pth98s, our s￿11$ and expertkne cw 8mir• that t￿91￿5919 indusive and supports the dwersly of wnpknyee8 and custo￿ that ha¥0. make 8 dear impa¢L 8hoAm from 8 rK*it sumy ¥rtwe gfnwmbers told us thatth8y felt I i￿la￿ and Icrfxty, 80% fdi morn iThdep￿d￿t and 74% wera rTK>rè and h￿lIttler 88 a result of our woth. Cardlff Instltute For The Blind. (Incorporated) (The) Company Llmited by Guarnntee Tru8t•e8' Annual Roport (Incorporating the Diractorf8 Report) (C￿7￿7 Y•ar •nd•d 31 2025 The next yearn be a puK)d ofdbry. 8daptstsc￿ and inTr)vatkn for Spht Lile. exclted lo èmbrace change and cthalkn¥e a8 conlnue kn evth to nxet ts need8 of our growlng bershlp. year one ofour 88￿ce u8er8 ￿ted. 'A vnb31rt had been lthd off ry Sh￿Ide￿ 8UPP(¥t k)day from Sffjht Lif• ￿th my telecommunrations aft•r movino homo p¢￿ me in tha rigm dKectkJn *ith Care and Répair. Thank you $0 much to &ght Llfe.. thv••tlng In Valunt••r4 Thanks to fvndlng from the Wale8 Counryl Volunlwy klion. &ght Lrfe •ucces8fiJty Mcur•J th& Invesvng kn VcAuntw8 Award th Oth)b•r 2(lll Thi8 m&ke8 us one afa Im￿$ number of wght th•t IKAd Ihij ww4r¢. Slght Llfo vA8ho8 to ]n¢row tho number ol ¥oluntow¥ h8ve and to dwel¥ progrnmm8s that they can ddlver In our IcKal o)mrNntil•8. Thanb to fvndln9 fr¢ffi th• IN(•8 of th• Puwell F•rnW Fouthtion we we paruculaty keen to an Inc¥•ès• kn youTrJ vduntsors tAtho can ￿1p u8 devebp and In doing The Investing in Volurrteers Award re(xwni8e8 both goc*J rrntica aTh1 wcthdurn8 in doveloping a contlnulng to work wsth volunteerlng progrAnYtM It ensuros that we place volunt8arg al the haart of •verything we do. Invethg In Volurteorn has hew UB imrrn 1M of Ihfr %￿lunt08￿n9 expwknnce for all %￿lUnteer3 and demonstrat88 Ihal cryanl8abor* vakne the enomKWB rontit>uttin made by Iholr volunteers. Achf8verrnnt of Ihls stsrKl•rtt h&s hew $pFknobosrd thg drpie tfmards •dditK¥￿l volunteer •wagen￿l ty c•monthg tr* folkFwlng key (x1￿8Fts Into ow strgteglc pkn.. ft¥ VoluntWTr PlannirvJ fDr VL4unleer Volunteer IndusK>n Rec¥uitiffJ v(￿nIe•r# Suppo¢dng Vol￿18 Valuing 8nd developng volwrtoern. Fundrnl•lng Sijht Lrfe Is eonlinulng to d￿￿[fy Its posi th• derrffjor from the RNIB. DuriTrJ th0108t y•af Suht Life had fvndiThJ fTtYTh" The Natlonal Lottery Communlty Fund (Vo￿nteer Progr8ffffjne) COUNI t*r Voluntsry kt*)n VIO￿nts8r Training Progrnmm8) Powell Famity FourKlaticn ￿oung Pe*'s Progiammtsl Swansea ￿ CBrdiff winter presgures PTLyJrarnmes to s&r4lc*8 vuThrable poopb. CABW (Young Pe￿￿•,8 Programme) The PwdemK YO￿ saw a r8d￿tA￿ in the nurtw rf L)xrthunity fimdrdolng OpP￿in￿kn. So, rAeaslng to noteth8t188tyew8VW8n Ir￿￿kn9 nurnberoffiJndr8lsirvJ that8dd￿ to ourdonat￿n W8 will b• inv88ting h a w*Jw fvn(k818fng team m Ihe few as we deveknp Lyjth t)ur Cardlff Institute For The Blind, (Incorporated) (The) Company Umlted by Guarant•• TnMtee8' Annual R•port (Incorpornting tho Dlrnctorfs Report) (t￿ Y•ar ended 31 March 2025 of thi5 inibatrrfe as our oufr8ach 8nd ty)ntacb qr(F4V. will h inV￿lIng time in de*iry our reguljr 9NWVJ aTrJ Je9y woyamm88 durfng the yeaT. A lh1￿ year of fuTrJraiBing ¥Ath th• BIG GIVE FYry4Klod gro•t ra8Utts lor Sioht Life In December 2￿4. During the Grve week donatio￿ Irom OUT SWXKtern d(Mknled trAnks to suppyt of the Blg Gfve. ShafeGIft and tonger-temi Sbht Lrfe gUPF4lrters. We have d8v•loped E great pwtrRr8tt￿ w6th the 8￿ Give and assisted vAih th• dv4•lopment of thdr to en8ure that Q wa$ ￿$sIble for FéOFl8 ￿ 81ght kJ88 durfng the ye8r FINANCIAL REview Fln•nB141 Po•ttlon vr•vl•w at th• •nd of th• r•portkng p•rlod The ChArlty'B Staten*nt of Ftroncbl PdwXl•s (SOFA) 8tr8t•gt wknrltth. Tilal 5Tr>Jme was £622,103 (2024. £560,723) ot wh*h £201.755 {2024.. £125,078) waB restr*ted •nd £420.348 (2024.. £435.6441 unre8trw*d. Tot81 expndliwe wa• £635.70912024'. £587,517}. General fund expend￿￿Te wag £454.119 of vthtch £36,164 re*ted to de￿￿&110￿ ol the prop*ty At Jone6 Court othtsr assets, ènd restrlcled fund pend￿re w88 £181.5￿. You w511 ftnd a more dètsiled an8ly8i8ofourincorM and •xp•ndthre in nole• S to 16 to the financlBI 8tstsn￿nkn on pagw 20 to 23. Tho ovwal (knfKat for the yearwa8 £13,60612if24: £8.Ta4). P•n•lon• CIB has current defrnd tA)ntylbukn pen￿￿ 8d*me8 *lth SMttMh w￿rn, NEST aut(*onrolm• 8Th. L&G wvj St J8me8' Placa on bèhaw of its erry)tyee•. Thè an￿Unt rfLognis￿l li In￿m• or oxpendI￿re a8 an •xpns8 In rgkuon to (¥￿￿bu110n pkn& waB £13.64212024'. £13,032). RM•rv•• polky CIB carries out a variety of propcts and servKg5 both IDng and short temi. Th8 TfUStee• h&vo examined Ihe requlrernnts kn Ir•• rèswvos whi¢h are those unrestrkttra knd8 not Invested in fixed as¥et4 de8Jgnated *Jr speciffc ￿rp￿8 or 0th8rwlse committed. The Trustees o)nsSder tst gfven the nature ofour work Ihe8e 8h(yJhJ be sot at a ofsix nK•nths ofour 8nnu* unrethGled fvnds opraling eXpend￿lIe. Total unrn61rkXed r88erve6 at 31 Mwch 2025 arn £1.443.117 (2024.. £1.478.888). Of th18 £291,476 12024.. £295,186) (which Is èquNaènt to wwrKI e¥Jht unrestrthj expendilurel telates to fTBg reserves and £1.151,642 {2024: £1,181.722} rel*¥ t> d￿Ignathd f￿￿d assets mainty beiig tre pr¢)pety at Jor*s Ctyj Restrlcted re8er4e8 al 31 Mafch 2Lf25 wwe £58,29212024: £38,127). Cardiff Instltute For The Bllnd, (Incorporated) (rho) Company Limited by Guarant0• Trustees. Annual R•port (Incorporallng the Dlr•ctorf¥ Report) ( Y•ar gndod 31 Ma￿h 2025 PLANS FOR FimJRe PERIODS Movlng FornAnl s￿ht Life has been Improvthg th• Ilvol of blind parualy whted peopl8 since 1865 and, deBp medKal need for pur 8UPPOrt ￿ 88 grèat as ever. Gokng through tha hlBtor*•l •rchrMs It (Ar re¥wrc• Ifs great to not• that lon* of our grDLSPS and actMt*s tho1 tr*lp r￿ce knol•llu) and bcx)si(ThlfKle￿ are 8iffaAr to th080 cffi offBr In 1865. These Incl￿5• Cfaft ond ¥ingvw group for èxarryjle, whi*t Ihe neeAI lo aMi¥t ind&p￿9ftt Imng and achkve d81ty task8 rwnatns a con8tont regard￿ of the timos. Voluntsors rgmaln a focu8 fcy ￿ as they herp SLKY•$8lulty a numberofourkey Fffogrammes. Our developw￿t pLqns for fukne knok al onhancAn9. revwnplng and In clrcum8twu• Slght Lt1• r•ached1ts 160th annfvewry In 2025 and we ID onsure that our brlunte8ropportunitie8 rem&ln relevant and ong•ging fcr a ¥hJ•r ba•• af pwtkwkn. Our cor• 8•r¥k•8 r•rnh ￿V￿tant n￿Ingful re8uIts. In s￿n￿Y therye m". Fk8t8t•30 8UPFQrt vla our Eye Clb* Llokn Ollbx IECLOI ba￿ at Cardrff• Health H￿p￿t￿. Home vkqit asge8sff•nt aThJ ad¥k•. al wppryi grou￿. Access to acdvlty and kntsrests suth 0$ ramt4ng, Ihe•lrn and phwraphy. CO ¢)n products that 8UPP>t h)dO￿d•￿t fving. 4j￿Ge on technology and dvJital Ind￿lon. Amongsl our future chal*8 Is the expect•J th8nwlk Incr•￿ In th& inc¥Jenca of 8hJht h)88 over the noxl Ivw yoors. TM Wortd Organlsatlon notes that tho In¢ld&nc• of sigm bss doubl• by 2050. Thomas FOC￿￿ngton arKI RNIB rth that the ItKbJenco of 8ighl loss in south V4*1•8 VAII havo increajed by pffjxlmat•ty 3W4 b•tween 2015 a￿1 2030. TN8 vlll result In gTè&er our Serv￿ 8$ a chaAty and widér es1# u8 to Support our rtfftr5 in health and SOLial a8 thor r•s¢Jxces 8trew￿l dufr to tho nature of the Ow pArakn* Mill rnmAin ro￿￿81 WKI cor*t¥nL' We will ftxxm on.. 1. Improving LNes ft>r Blind and Partiaty Sghtsd P* thrDugh.' Belng thero 81 Ihg point of dl•Jr*ogi•, om¢ll¢Thl Bupw( ￿ ralerrals •nd 8lgrposlng. Pro¥lding a ￿*$￿-cOn1￿1 seThTr that 5UPFKrts pwple's hofjth n8¢ds and them ts) live ￿d8￿dOnty. P￿dIr￿g Feer to Feer SUFP(rt intrntion and •fvice and enablng p8oplq to ac¢M8 wder SoThIc89, Ilbrking and tr8iniig Fértrnrs 8ervke prty*lers lo erwe peopk rBcefvo •pprow* supporL afv￿e. ass*tsr￿. and 819nF￿1lry. Cardiff Instituts For The Bllnd, (Incorporated) (The) Company Llmlt•d by GuaYant•• Trustw. Annual R•port Oncorpordting tho DirKlof8 Report) le￿ Year •ndgd 31 March 2025 2. Fwmliry ways through: Social and d￿lts1 inclwK)n Physical emotrlnal welbeu 3. Funding: Developing 8 fijrvjraiwg strategy ddNers ag8instow needs. 86pfir*inB aTrJ pmBramme8. Throivjh a trip)d apkYo¥h ol granty ￿nd{al91ng and l•Jac4O5. Thank you to all our 88rvicè u￿r$, vduntews, partrters. supporters, dt)nors and lunders wh) ¢ontlnue to suppc*t ourwork. Fin81ty lh￿k Y￿ to I￿ staff team at Syht for￿ their hwd work and dedicatton and to our Tru8tees all their ￿ppOr[ kntr•Aedp and guhlance. 8TrUCTLKi4 1)OVER14Apice AND IAANAGEILENT From 2 Juno 2009 unlll 31 March 2022. Slght Life {fL￿rty c*d￿ fvtytub for the Blindl w88 Bubsvjwry ol the Royal Nattonal InBliiute of Blind Peopl8 (RNIBI. Under agr8ell￿nI S4ht Lifa kept Its identity with its own charity reglstrabon arHI wasatharilablo ￿1mp￿Y bwnlted by guar8ntso. govemed ty its M•ThKMdum arnl Artth• ofA68cthkn. Slght Lile left tho RNIB on 1 Wil 2022 and agakn an hKlepertht cjwlty. Th15 WaB a mutually agr8&J wrth th• RN18 taken ty S*ht L We truslges aftor oxtsftgfv• due dllb3erw. The tharftses conb'nue to tofftr and RNIB Cyrnnj SUII rents ots spgcè in OUT Jones Court buikjing. As pwt of the cknwger procw•, Slgm Lrfe Kc•pted a £2C(I,OCiI io•Th from the RNIB, rapay*￿e ty 2029. Th• trustees. Iha dirn(lor• of th• ￿mP$ny, ￿ r•gulaty to •nwro rObJ￿100￿￿1hIp and 90v•mance. S*ht Llfe18 managed on a day-to4ay bas18 by a Cht•t Ex•￿rt￿. Sight Life ￿n￿nUeS to •ncoura9e addrtional r￿furt￿nt to our tru81ob tr￿)8￿ to •n•ur• Ihat w• m*h the govemance. prof8ssional 8kias arKI expen8n￿ needs thot our opBrnlion8 rwulre. Prkn to to Ind•p•ndMK•, we r•￿?￿•0 arnl 8tr•Wen&l our m•nwrnent team, aB a8 many 0th8r asFeGts of our owJralKms. V¥È dNJ this to rellect the fact that w? would ￿ bnger have th• 8upport of the RN18 8Trd rts back-ofte seNice8. h￿e updated our ￿ticieS aThl governan 8trLthre8. as well a8 putting wi pl￿ ntrw fnan¢e, Pe￿￿n818nd IT syst•ms. As a charfty, we recognkn our diity kn be WAwntabb to our wrwiers regulators, as well 08 to 8wnd our ￿￿mew188fy and effeC￿ety. Ono of the first stsps tow8rds gchitrving these goah is ke8Txfvd upttrdat• and ac￿rat? rwds and ￿nI￿Nig our Ferfrrnn(x through KPIS (kty performance indicatCKBI. Ntola L￿ltyn. our administrat￿, plays a key fde supForbng the rest of the téam in thi8 capacity, Whi￿ also c411s from It• pu￿* Wh￿ th¢ arise8. Accountability also means regubar rewting lo our fund8fs and donors - trorn laroe tru816 to IndfvEdual •upw)rters . ￿ that they 8nd the WKler public Can 9auge for th8 value of tho W(￿k we do. And, ct cou￿8. 8cttwntsbHty means feF%Kts to tho Charity and Companie6 House. Cardlff Institute For The Blind, (Incorporatod) (The) Company Llmltod by Guaranteg Tr￿te*l, Annual Roport (In¢orporallng th• Dlrectorf• R•port) Y•ar ended 31 Morch 2025 Th8 trustees, vtho arn dtrec&or8 th• purp(ws of¢•n¥>•ry law. aR resrM)nsllYe Ibr preparlng the trust￿, report 8nd tr* financial statements in accordarmx wilh applubl• law and Unttod Kingdom ountwig Stsnderds (Unrt*l I(r￿M Goner•lly kneptsd ￿￿Unti￿14%ctlCe). Company l*# rwuires the trustees to prepare financaal statem￿1) for eath yw Whlch give Irue ￿¢] fair vlthv of the state ol affairs of th8 cJwitabl& cLYwany and ts In0)￿n9 rB8¢)urc4B and 8pp1ThtK￿ of re8ourc¢& the income and expendilure, for that pwbd. In pr•p8ring Ilnancial 81alements, the •ro requir￿1 to: obw4• the methods and prinopkrys In tho aPplic•b￿ Chath SORP. ry*keJudgmnts gnd acc￿n￿r$ •Jtimalés th41 ar• r•aryonth and wdent stats W￿ther aPrA*a￿ UK Aceountsng St8rwJ•rd• have b••n folly￿1, subJ•¢t lo any m•torl dePar￿rn$ fJWwJ and •xplain•d finvKial •ts18monl8: prepare the financlal stalen*nts on t￿ golNJ o)rK*m t>asis unle88 tt {• Inappro￿818 to Fmumo that charty wlll fA)ntinuo in trthln8SS. Tho tru8t•et arn re8pornlble for keeping ad8qV81• oc¢>Jmtthg r•e(xd8 th8t we gufficient to and •xplain the charity's traWCt￿n5 and dfrAclw wlth re8sonaL* mracy at any Ilrrn the fmandal 6rt￿￿ Ot the chanty and onable them lo ensure that the Iln•n¢iBI sta18n￿ts comrAy with th• Compan188 A¢t 2006. They are also respOn￿bI• for 68ftyuarding as6et8 of the (*arlty and hence laking rqaa0nth￿• stops for the W•Venti￿ and offr•AI and olhgr Irrepul•rid•& Audltor Each olthe po18On8 ￿ Is • at the d•t• ola￿￿?1 ot thb r•port confffim th•t 80 far as they ere 8warn. ttwo 18 rn r¢lovant aud* Inf0m￿t￿￿ of whlth tr* charty's 8udltor1g unaware,. and Ihey have taken all steps that thvrf ought to haN* taken 88 a trustee to r￿ke themselve8 aware of any ithant audit Inforr￿￿jn and toe8tsblsh trwl the 41xlitor h awar• oftlAt inforrrHtKJn. Th• trustee8' annual r•wt and stralw reFrfYt were aprm&J ￿ 28 January 2026 shJn•d on ham ofthe toard oftru8tW8 ty. kj old Cardiff Institute For The Blind. (Incorporated) (fhe) Company Llmlted by Guarante• Independent Audltorf• R•port to tho M•M￿rn of Cardiff Institirte For The Bllnd. (Incorporated) IThol Year ended 31 March 2025 Oplnlon have audited the finanty81 slatsmqnts of CarL4ff Instkne For The Blknd,Ilncwated)(The) (tho 'chait8bl• company? for y0aT ￿ded 31 March 2tr25 whth the Btstement of financa31 ath.vths {induding income and expendlture accthnll, Ststerr￿I of fingncial FQ*tk>n. s13temènl of cash Ikiws 8nd the rnlated not6B. Indudlw a suftThry of ￿gnIficant xo)unUng poloes. The flnanual reporUn9 fr8m¥￿th that has been in pr8pareUon 8PF4ub18 18w And United Kknodc AcoJuntiig standar￿ indudlrvJ FRS 102 The Hnanckql Repcxtmg standa￿ apF*gble In the UK and Republk ot Ir818nd IUnitBd KIngd￿n Genwaty k£•pted Accwntrg PraGlk•l. In our opinion tm fina￿4￿1 $1818n*￿'. give a true and fair vie* of the slate of the chwllth c4ftyn*s affJh as at 31 March 2026 w*d of rt8 Inc￿lIft9 T8￿)ur￿8 and applicakn ol rn8otsr￿. In¢l￿ng tt8 Irtom• and expandlttKe. lor the year thon erthd.. have teen propety piopared wlh Unknl lQrgdun k£*p*d Al¥￿n￿ have boen ry0￿1ed in *lth the rnqu1r8n￿11 of tho CrylosA(* 2(th. Ba•1• for oplnlon ¢Mducted our audit in •ccord•rKe wllh Intemthrd Slwthrds on {UK> {ISA5 (UK)) and **IrAb￿ Lgw. Our responslilities under IIK)Ba slandgrds further descrlbed In the Budkotrs re8ponsiblitle8 lor the audit of tho finardat ststernnts secti)n of our reF¥xt. IAb are independent of the chantable ¢ompAny in 8CCOf¢8nce with the ethtsl r•quk¢ft￿nts that ￿ r•l•vant to our 8u¢Jlt of th• rfflanclal 81atements In Ihe UK. Induding the FRC'S Eth￿￿1 Stsndard, arrfl we have fvMlI1￿ our ott￿r ethtal respon￿bIl￿1eS In 8co)rdanc* with the8e rnquirornnts. boll•va that Audlt •wld•nc• we hBve obtained IB sufficbnl approFThte to ryovlde a baw our Onion. Conclu•lon• to golnq c•K•m In audlung the fin8n(xal st*•ments. we h•ve oxclud•d Ihat th¢tmlaN' ule ofthè going r3JKorn b••l• of Xcoun￿￿j in the wip8rntion d th• finandBI statwnents ts apyoprlate. Based LY* tho wcrfk we have perfomw•J. have not klenuflod any malerial uncwtsintk8s relatirffj to ents or C£mdAk￿8 tha( ffpJrvk1uelly or cdlocbv•ty, nw c881 8ignrfwil doutl on th• charitable cL￿P￿Y'S ability to c(¥rfinue 83 a going uJnLYn for a peri(yJ of at ￿88t trwefve from wh•n th• fln8ndal 8taternnts wthotswj fty knsue. Our r•spon5ibiltti85 and the reSp(￿I￿lItie8 of the tsi*t888 wlth goty Conc￿ ar• de￿rIb& kn the relevant sectlons of Ihls rewL The olher Infomwtlon ¢omprtses the infc¥m•kn inehthd in Ibe ￿nUal other th8n the Itnanclal staternents auditoff$ rewrt thergon. The trLthe6 we resp(Thible lor the ottw knformation. Our oplnlon Cn the financ¥al 8tatsrr*nts doe5 the (ther wrfvrma1i￿ ond. exopt tt) the extent 0th8rwi58 eXpl￿ty stsifd in our rep)ri we {* not exwe&8 any ftxm of 85s1wanc* COn￿¥￿A thernon. In Connecti￿ wlth our aLKir(0lthe flr￿CIal *l£leTh￿. our respon81￿lIty1g to r￿d the oth•r irrforrna￿n and, in dolrrfJ so. consKler whe￿r Ihe other infcwm8b.on Is malerialty irKx)nslstent with the financial staternents or our knowledge obtained In 4he audit or Otr￿r￿lse appears to be matgn'alty rnisstat8d. If we idenlfy such material inconsi5terK¥Js CK opparenl Mat￿1?1 mwtateThnts. we 3r8 requirgd to d•termine wtrelher there a rrAtsn81 misslatenxnt in the fSnan(aal Staten￿lts or a matwial 15State￿nt ofthe other informth. If, t>as8d on the *Drk*e have perforn￿d. we condudè Ihatthe 18 a material ￿*s81318M8nt olthiB Other Infcrtth we we requlr&J to rewt that ￿t have rK)thirvJ to report in this regard. 10 Cardlff Instltuts For The Blind, (Incorporated) (The) Company Umitod by Guarnnts• Independent Audito￿$ Report tr• the Momlm of Cardlff IMtllute For Tho Bllnd,(InGorporalod)1Tho1 Y•ar •nded 31 Mareh 2026 Oplnlon• on oth•r m*tt0rn w￿1•)￿d by th• A¢t 2006 In LyJr oplnitin, based M the th urldertaken kn the course ￿ the the Infixmatlon g￿en wi the tru8tees' reFCrft tr Ihe financid y•¥ forTAthich Iho statswlts are prgpw¢d 18 clated to gJin9 concem Ènd uwng the going ba* of •¢counting un*ss tM trusle88 •lth8r Intènd tt) Uquidatè th• thBrity orlo rnoee Qperntxy￿ or no rwllth ak8maUv• to (k7 $0. Audltofs r••pDn•lbllttkn• lorthe a￿lIt allh• lIn•￿Ill •l¥l•monts Our Obje￿ are lo obtsln reasonabl• 4sJuraKe about whottw the lInan￿1 Statements aB a whole a￿ froe frcm material mlsslatén* whgther due to tra￿1 or errDr, and to i8sue an 8LKllknf'S report that In¢￿deS our opin￿n. Reas(Thble as8urnn¢e Is a high level 0fassur8￿. bul ts not a guarantee that an drt GonduLXed in x(y)rdance with ISA8 {UK) will thBy8 deted a m8terlal n*8Yta18mantwhen it exists, MiBstatements can wise from fraud er ernx anrj are C1￿$￿Yer•s ff*tenal It, Indv¥Klualiy or In the 8ggr8gale. ¢￿Id Tr880n8bty be exwctwj to knnuenct the d￿[On& of user6 takon on basi8 01 these finarKial state￿nts. Inegularthes, tnclL¥Jlng fraud, are Instances ot r￿n￿CoMpli￿ with laws and wulatKin6. Idenvfied and 8s8es5&J the rf5ks of malerlal mts¥tateftxnl of finwKial ststemonts from irregulaiiti88. whether due to fr8ud LY errw. anLI dts￿SSed these between our audit team member5. tr￿n deslgned and perfomRd •udrt pl￿ed￿re8 reSPon￿e to Ih)Be nsks, Induding (th￿Ing ￿dtt evNJerKx SUffic￿nI ond approprth to provKle a basts for our opink>n. Cardiff Instituts For The Bllnd. (Incorporated) (The) Company Umited by Guarante• Independent Audito￿$ Report to th• Membern of Cardiff In8tituts For Th• Blind, (Incorporatsd) (The) f¢•7Un￿ffj Year ended 31 Pla￿h 2025 deskJn our prcLedures $0 u tr) oL*aii wifwt apwopT* aud* that the flnanctal $18tements or¢ rKrt rT¥*lly ml8tst•J duelo n(Trrmwknwith l•ao and regulthr6 ordue tofvaud or error. i8n¢• with al la￿ and wulaii0￿. th18 rwolblity les wtth rrnna9&rnntwrth lh8 ry4ersh3ht of the Truste85. Be8ed on our ufidergtsn(ling of thailty and Ihe ••(kn, discxBBh)ns with managom•nl and trusl8e8 we Klantltkd Ilnand81 reKthing ¥tsndaTds, Chantm Act 2011 and CornpanleB Act 2rJk8 a8 having a dlrecl effed ￿ the •rthints and dlsckiwm In ts fjnarKIo1 slatwts. As p8rt oflhe ery￿en￿nt team dIscus•￿) atLiut arKI T*here tho chanvs financlal siat9ments b8 matertalty mlsstated due b fr•ud, we not lo￿tity are￿ wlh an risk offrnud. Our audit wxedw8s inc4udwJ'. complth'ThJ a r*k4888s8n￿)t proc888 during ouf p￿nn1￿j k¥thlB audttttHt Bpeclfi￿Ity cx¥ng#lered risk of fraud., uwy of managemnl aboLrt th8 dwitable comFqry8 polkle&. procedures •KI related contrc48 re9arding ￿n￿10nrA wrth arKI regul￿or￿ WMI 11 are any known Instsr￿$ of non coMpSi0rth', examlning 8UPPOrtkng +Yo¢uri*nts ILY t•lonw. I￿￿1￿n￿ dibclo8urB8; enqulry of ffon8gemenL ab¢ui ltyation8 and dakn5 arKJ of relgvant c%)rr•¥y￿￿nCo. analyty¢•l proced￿5 to ￿ntsfy any ￿U&￿al CK unexrtod rdatK)n6h¥>s.' speclftc audit testlng on and revknv of areas Ihat {￿Id be subJa¢t to managorr*nt overrfdo of conlrols and pot•ntsl bw, most notabty wr)und the key I￿￿9￿￿nts aThl eskn*s, ￿￿on9 th• CAryirwJ value of aGrnJals, Pr￿4￿60n8 and revenue te¢ognthty),' con$lderir¥ man8gewit véérrllé of cx¥btrc48 outside of the n¢Ymal oporJtlrvJ cycle8 incI￿31n9 tasting the 8PPfopf*ngs8 0f￿UM￿ entr188 In th• g•ner¥l WaThJ other¥dlusth*nt8 mde In the pryrniion fIna￿kn1 statemgnts Indud￿N tha rntionjlg of 6ignifiGanl tran••c41on•, outsth nofflwl Cour￿ of chantsL* acbvlty. 8￿U8* of tho Inherent 11n*tatio￿ of an audlL there Is 8 rf8k that we ¥AI not dotecl al IrrwJularth'88, luding those Wing io a ￿￿taliaF MI881aten￿t In th• fin¥r￿lI1 stat•Wts or non R•¢onclll•tlM olfvnd• Totsl funds btought IrTh8rd Tot•1 fiJnd• carrf•d forwanl 1.476.888 38,127 58,2W2 1.119 1,119 1118,134 1102028 1,522.928 1,516.134 1,443.117 Tho $tal•rnnt of flnarKlal actfv6tkn8 Irrfgud8s al and r•wgnlwl l) year. All and •xp*¥lityre deth from c￿0￿[no xlfvlll8& 14 Cardlff Instituts For The Bllnd, (Incorporated) (The) Company UM1t￿ by Guarnntse Statsmmt of FIna￿l¥l Posltlon 31 March 2025 2026 2￿24 Fix•d a•••l• Tangible fixed a61•ts 18 1,161.842 1.181,721 Stc¢k8 Debtors Cash at bank and in haThl 19 58254 5K135 806,941 143.618 448,175 594,137 Cr•dltoTh" amouth lamng du• TthSn on• y••r 106.000) (59,724) 560W8 S34,413 1,702.S28 1.716,134 Crndltorn: •Murtl• tsHlng du• •ft•r th•n ¢n• y•ai I2￿,000} {2CIO.OIY)) 1,601028 1,518,134 Furn18 of th• char Endty4vment fvnds R•¥tri¢ted lunds Unrestr￿ted fvnd8 1.119 1,119 38,127 1W,117 1.476,888 1W2,528 1,518,134 Total char#y fund• Th88e financlal GtateThnts were wprthyd Ihe boanl rf tr￿18¢8 and aUth￿Iled for on 28 January 2026, and s￿ned ￿ behaifof the t¥)ard by: Mr J ￿dern Trusleo Corry)y reg￿lIalK￿ number. ￿149982 Th• nots• on p•gg• 1Y lo 21 fomi prta( finkncknl •l*l•m•rrt 15 Cardiff Instltute For The Bllnd, (Incorporated) (The) Company Llmlted by Guarantso Statement of Cash Flows Year ended 31 March 2025 2024 Net eyTraitur8 18.794) AdJu8frnonts tr. Deweciation of tangible fLxed 85sets Interest POy8ble and sinilar chwges A￿ruett aXwnse￿1V￿tsmeI 35.164 34,990 3299 (114,852 Changes kn.. 158 61,742 (63,188) (74,4451 Tr•Je othor dobtors Trwle and oth8r cr•JAo 113,161) 19,333 104.13 Interest pald Net Gu8h froNbllu¢•J In) opeTrlng a¢tldU•• (1 J)931 103,045 {3.299) (77.744) Purcttase oftano￿le assets Nel ￿$￿ Us￿ in Inw8llFYd acUvlUe8 16,0851 16,0861 14•t Incfo•••I(d•cT•aw> In ¢••h and ¢Mh •qulval•nts fl.980 177,744) Cash and c••h •qulv*knts •1 b•glnnlng ol y•ar Ca•h •nd e••h •qulval•nt• It •nd ol y••r 448,176 644,130 523,919 448,175 Th• nots• 17 to 28 forni ￿rt0111￿• fir￿￿1 •t•t•rnw Cardiff Instituts For Tho Bllnd. (Incorporatod> (The) Company Llmlt•d by Guaranto0 Not•s to th• Flnancial Stalem•nts Y•ar ond•d 31 March 2025 Gon•rnl Infomwllon Tho charlty Is a publ¢ IRnefft afKI a Fyfvats corry)any Imlted ty guarantrt registered In EnglaMI and WaJ88 and a rwJi6tered charity in England al￿ Wales. The addre55 ofthe Tegislered c• h Jones Cwt V¥bm8nby Strrt C¥thff. CF10 1 BR. Wa*. These financlol statements havo pTrpared In C•Mk￿l9nce *ryth FRS 102, The Financ￿1 ReFthl*ng Stsndwd applKxbkn in the UK and the of Ir*Thl'. thg Slalemtsnt of RKommendwJ Practice appl*2blo to (*arft*s weparkN Iheir acc￿nts In ac£Drdance wth th8 Fln8rrial Rewrliw Standard 8pplkabl8 in the UK and Rwlk ol Ireknj IFRS 1LY2> Ichaiiues SORP {FRS 102118nd the Comp8nSes Act 2006. A￿OUnt￿9 polkl•• The finlrhxl •t•t•m•nts have bsen prepared on the C￿1 tQSi8. 88 n))dlfi8d by the revaluation of c•rtain rFna￿1 S￿6ts and li*lMII96 and inv081m8nt prope￿88 ffoasured at falr v•hJ• through 1fy3JTh? or expendffjjrn. The knnel￿ ¥tatemwl• af• w•pAred Sn •lerkng. VI￿Ch b8 tho ￿nCl￿)n91 rjjrronw of the entmy. Aftw mthng re•SC￿¥bI• •rKI h•vi¥ fThi8kJwod th• Inyo(l of v•riouJ otl*r on the fin•ncsal perfornarKe of the charfty arnj rts currenl rX)s￿0n, the trustee6 bellwe the chwty wlll b• •ble to co)knnue to its cthariiable purF4Jse, w￿1 be ablo to mg01 ts Il&blllbs as Ihey fal ¢Yue and WIH have athquats resources to Contrn￿ in OFw8tsonal ￿l$t•￿¢e fvjr the l)rosee*le futur•. AcLordngty. tru•ioos to tt* gotrffj I)a$￿ kn wep•ring th• fift￿clO1 Ststements. Judg•n*nts •nd k•y •ouw ￿ ••tkn•llon unc•rtalnty The preparation oltr* ftnandal requirts mpnagernent to mike judgtynents, estlmate• and assump1K￿S that affe£i the •rrwnts repxt8d. These eslimatss and ar• )nfjnually review8d and are based on experi8nc* and 01her f4cior8, Indudkng expeC￿on$ of futurn events th8t are believ•d lo b8 rea81￿4b￿ undorthe ri￿j￿￿tanC￿&. The matters considere4J tek)w are congidered to be most imr4)lant in underslanding Ihe jud9errwts that aro involved In preparing tho finan(xal statsrn￿ts aTr1 the un¢¢rtowiUe8 that c¢)ulJ Imp•¢t tlE orr￿Unts reputsd in ihe re6uM8 of yrabon4 financial cash Ikws. Support costs not atriiwtsble lo a slnole ch8ritat4e 8cbvty are or aFV)rtr"or*d ¢)n a basis sistentwilh identif￿d cost drlvers fiy thai e(6t category. SupportGOgtsare alloca￿1 to thttles on Ihe basls ofan estimats of (xijis I￿￿rr8d by eaL* xtivlty. Provi$bn$ •rn Twnised wtr￿ CIB has a pres•nt legal or cMStr￿tiVe obligation a$ a rnsull of past events., ri b PfotrAt* that 8n txrtrthv of resourc•s ￿11 b• wuired to sethe the obllqalioh,. and the amwnt oftho oblvJatK)n ￿ bo 8stimated r*bly. 17 Cardlff In8tltute For The Bllnd, (Incorporatsd) (fhe) Company Umft•d by Guarnntse Notes to the Flnanclal Statem•nts Yoar ended 31 March 2026 Accountlng polkl•s (C&7th￿ Fund a¢counllng Unrestrkted fun(Is are avahable for u8e at tho di6(¥et*Jn of the tr￿le&S to ffijrther any of charty'$ purp￿. Dest9naied fvnd6 are unr•8tr*W 6am)athed by t￿ truste88 ftK pwtkulw fubjre proj￿1 or commitrrnnt Rmtrtctod fimds ar• ￿t4&*d to r88tslclion6 ￿ thèlr OxpeThli￿re declar•d by donLY oruvwh the Of￿ aFval. PAMI f811 Into on• Of1￿ SU￿1￿6￿ r88trKa8d fund8 or &ndoYm fund8. In¢omlng r••ourt•• Ekjnatlono 8f• aco)LVrtgd ts as soon as th•r• ￿ •ntllknwt arxl tho amunl Is m886urnblo and r8cglpl is probabk. Donallom Ind￿￿e Gift Akl b88•d on amwnl I￿erable * thè 8ccounbng d•t•. Ch•rflabk* Incorrn 1$ rwnmd whM rt can ￿ r•lk4L*y rn88urod. th•rn IB entilJem8nt, and roL*iPt obabk. Vthere d￿rrta￿e incLTh IB in athrfKK• of Iho •*vity to bg pe￿r￿ed then the income is dof8rrnd. In¥eBlnwt Incoffé, d•p)8h* ATh1 In crnne¢b'on serwk•• 1¢ people wfth slght Pfobtemg 18 re¢A)gnwJ on an aeAxuat6 b￿.3. Vthar• an ineoming r680urct Is rece￿8￿ In 8d¥anc• ol th• aCts.￿ty to b• pwfom*d thén the in(xynir& ro8ource b d•fwrnd and in¢ludod In pMdMur• rwnl8ed on w a¢￿￿15 1*sts as a rl IwJJry•J expoThllture indude8 VAT whlch cannol be fvlty recovernl, and IB ijasslfigd under h8adlng$ ol the State￿nt ol Ilnendal expwbditure on raising fvnd& the ojsts of all lundralBlng ￿t￿lIes. ￿ents, no cknarllBbk IT￿lIng 8cbvi1l￿. th8 Sa￿ of don8te(l o)ods. exwtraiture on charIt8b￿ activitm Indude¥ 811 Gosl8 incurred by 8 tharity In undert*lng actp4itiès that furthér Its chwltabkn for Ihe b￿Offt of ts benekarlos, lrtludlng those Surfort &3918 and relating k) Ihe govmnc8 of the cherty apportton8d to charttsbl actpiilkn. Otherexper￿ttUre lrn*yJe8 oll expendolwetr￿I1s neltrwrelated to ralsiry fvrthtfflhe charty nor part of its expendttijre on charflable aciNitieB. I cosig are alkncaled to e￿ndIti￿ ¢at•ll￿ relleclirvJ the use ol th• rn8ourrA. Dirxt ts)sts attrIbUtab￿ to a SIng￿ &tf41ty are allcrdln9ty. Piior inyrments are at80 for FOSSI￿ r•v¥￿1 ot eo¢h repirbng date. Stcck8 ar• mèasured at the lower of cost arnl 8BtJwtod sèllkng prkt costs to ￿mplete and 8el, Co8t indu(les al costs of purchase. rnsts of 0)nW￿on aTrJ othw costs irKurr•d In bringin the Sti￿ to its prM8nt loc•tW)n and cffidltknn. FIMnGlal In•trum•nts A Ilnan¢l•l Aw41 or a ffiFWKaal ilabuity li r•(x)gnmd only vthon the ¢hArity b•come$ a pgrty to th• contr￿￿81 prvéi6ion8 of Iha Instrur B8¥ie finanrA81 ln8trurr￿nts arn Irdtlaly recogni8¢d at ts amowtt recaNab￿ or Psy￿10 Including y r•lat•d tr8nsackn costs. Current asséts and li*)th'os a￿ nx•8wed atthe cash or Lxhw￿￿s1dOT1tl0n eXp￿tsd to be paKI or recelved aTrJ rnt dx¢YJrt￿I. Dobt iistrurrthts Orn 8uÈwqwtry m888urod at •NJrti8ed cuL Financial assets thal are rrwsuw at cost (x amortw ¢ost are revi8N¥•a for obiectrie aNNI￿c4 of at the end of 8a¢b d8te. If thwE IS ¢Jbl8th've eviYerK* of impairment. an impeSnnent loss 16 rwriwl uTrJer the 8pprowiate he*Jing Sn tr* ststwnent of Inanc481 a¢tiviile8 In whkh tho in￿1 gain rwni90d. D•nn•d c¢ntrlbullon plon8 cOrtht￿li¢fft to doffin￿ c£*nIT*¥￿Th pkns are re¢wiis•d as an 8xpen89 in tae perlod In which the related Ser4￿ Is pro￿ed. PrepaKI ccrtibulions are rEc4nkned as an asset to thg 8Xtentth8t the pfepayment will le8d to a Tedu(Xion in fvture paymnts ¢y a cash refund. 19 Cardiff Institute For The Blind, (Incorporated) (The) Company LIMIt￿ by Guarants8 Nots8 to the Flnanclal Slatsments (¢•thu Year ond8d 31 March 2025 Limttad ty guar•nl Each marnt•r ol th• Board ot has undertaken kn guaranlee fv Charity's debts to the surn of£1 each. Don•tlons and l•g•th• un￿lrI￿ Re8trI￿1 Tolal Fund• Funds Fur•Js DonAtlon• 15,348 10W6 Ltru*cle• 19.859 1•,8 Gr•nts The Nat￿nal Lottw ConyThmity Fund Thè Powell Famity Foundatkin Garfekj lknn F(￿ndati C¥diff CC Shwed Pro¥wiity Fund Mwndanc¢ FoundatK>n Councll fr)r Volwitwy 30,000 71,021 37.020 24.707 29,298 57,728 307,479 71,021 37,520 24,707 29,298 17,209 201.755 Other grant IrKom? 40,519 105.724 Unrutrtted R•thct8d Total Fund8 Funds Fund8 2024 Don•tlon• 22.474 22.474 Logac Gr•nl• The Nayonal Lott•ry Commurity FuThJ The po￿11 Famity FoundatKJn TIN? Garfidd west¢￿ FourKi*i Notknnal Gnd Communty Malte Other grant inccffie 112.750 112.700 62,332 43,118 62.332 43,118 25.000 9.630 10.000 25.000 9,630 10,000 125,078 160.224 285.302 Cardiff Instituts For The Bllnd, (Incorporated) rnia) Company Umlted by Guarnntse Nots• to th• Flnanclal Stat•ments (¢fythw¢• Y•ar ond￿ 31 March 2025 Charflabl• aCllvlll•• LknrEstrKt•a Total Unrestrthd Tolal Fur#J8 Furnls 2028 Fund5 2024 Rpgow(* Lxntrè •ale¥ 2.947 2,947 1923 2.923 kn lurther8n(x ol th• charty's (*Jeds Local Aulhority contract C8rdiff & Health Board - ECLO 94,746 98.180 M,746 90,180 94,748 J.042 4,746 90,042 44,0￿ 44.0 42.OlXI 42,CQ) Inc￿me from grnips and cther c ncome Reyjm I studio hire for tt•r*alJl8 useT¥ Tr8ininll in>n 2,705 8275 2.706 8375 2,288 7,590 1,690 241,277 2.286 1,890 241,277 248.853 248083 Oth•rtr*dlng •¢ll¥th• Unrestric￿￿ Tat•l Fund• Unrnsblcled Total FuTrJB Fur 2026 Funds 2024 FundrniiirKJ went• 60.664 60,664 32.e 32,692 Olh•r In¢orn• ilnmtrlGtsS Tot•1 Fund• Unrestrkted Funds Funds 2025 Funds 2024 Other ￿￿time 6,107 107 1,452 Co•1• Of donatlon• 4nd1•g•cI•• Unl88tr￿ Totsl Funth Unr85trkted Total Funds Fund8 Funds 2024 CoBts of rai8kng iknattcrn wwj 1&269 18 16.184 16,184 Cardlff Institute For The Bllnd, (Incorporated) (The) Company Limlted by Guarnntsè Notes to tho FlnanGial Statomonts Y•ar onded 31 Ma￿h 2026 10. EXp•nd1￿T• on ch•rftabl• aclivth• by fund typ• unr8strt￿ Restricted Tothl Fund• FU￿16 Furxts 2025 Equ* We wth &ght Los6 Supwt costs 321,987 115,863 437,850 181,5 003, 113,163 619 181.5 Lknr••tsS¢t•d Restrk*•J Tat•l Fuf Funds Fund$ 2024 Equip Peopkn wlth Slght Los5 Supwrt ci*ts 323,780 101,880 425,640 125,&J 449,473 101,860 551,333 125.893 11. Expend1￿1• on ch•thl• le￿¥￿ typ• Acbvit dert8ken S4)port Tolal fund• Total fimd 2025 2024 Equip P￿p1* *lth SW Lo 601677 1C6.863 610 •,000 543.413 7.920 551,333 503,571 115,rA3 119,410 12. Anily•ts ol•upport co•t• Anaty$￿ of •upwt colts T4)ts12026 Total 2024 Staff LXJSt8 General ollk• 81,980 24,883 81.980 73,517 20,423 7.920 101.860 116,863 116M3 SupFQrt eo¥ts are amocatsd k) aclpiitsj on the bAsh of ￿ e8tln* of inrAYr•l ty each 13. N•t •xpMdltsKe Not experKliiuTr is stated after dwgirWlcredrirfj). Depreclaiion of langibl? fixed assets 35.164 34,990 Cardiff Institute For The Blind. (Incorporated) (Tho) Company Llmlted by Guarants• Notes to tho Flnanclal Slat•m•nts l¢oJ*wJ• Year endod 31 March 2025 1& Audllorn, rnmun•ratlon 2025 2024 Fees payable kf the ofthe flnancld statarrthts 9.000 1& Stsff colts The ￿lS18ff c¥xls enykny•• t*n•fits larthe rerAxthg peliod aré anoty#•d os 2020 3790SS 343,929 28,807 13.032 363,768 Soaal security co31 423.275 Th• avernge hud &)unt of durtng th) yew was 14 {2024'. 13>. The avorage ThJn*￿r of fv114im? equfvalent erykyoes during lh8 year h anawd as fol(¥￿. 2026 2024 Number of staff . Adrnlni81rntfv• Numb•r of staff . Wellare 13 14 12 No omployeo rncétveA ernrkny•• b•n•fft8 of nxn than £60.000 thJrlr¥J ts ye•r (2024.. Nill. K•y IA•nty•rn•nt P•r•onn Key rnan4eff*nt person￿1 wKtude all perwns that have authority and re8pon8Ibllty frx plannlng. dlrectlng and contrc4llr¥ IM a¢trirt* of the charlty. The tol81 comw8•1kn paid to key nagermnt per80nn81 for •er¥Kx provKlgJ b) the chty was £99,64512¢y24.' £99,645). 18. Tru•ts• r•myn•Trtlon and exp•n I TNsto88 ore enblled to dahn reiwthrsemgnt of th? (yJ8t of attendlng meettThJs wafve tr rbhL Plo tru5tee(s) any r•munwatsM durlng Ihe year (2024: £nN) 17. Trnn•f•rn b•tw••n fund• charity has spent rkxxe on the proieLI than was l￿ded ty the donors. This th includes transfer5 In reialbn to ￿p1￿1 grant$ In wt)Ich tho 9ranl fvnder no any intar8sI Both grnnt and the associated asset are transferred to unrestrk*J fiJnds Cardlff Institute For The Blind, (Incorporated) (The) Company Llmlt•d by Guarnnt Not•8 to tho Flnancial Statoments Year endod 31 Ma￿h 2026 11. T•nglbl• fixed fithngj Eryiprrtht Tot*1 Ai 1 April 2¢Y24 Athlltions 1.W20,170 22,588 2258 24.844 21.680 1J64,438 6,088 1.969113 At 31 March 2020 1.920,170 24,509 At 1 &oril 2024 Chwge tho ye•r Al 31 M4rGh 2021 749,739 29,589 10,390 5,482 15,872 782,717 36,164 817081 113 779,308 22.701 Carrylng arnount At 31 March 2026 1,140I62 1.170.431 2.143 8.637 11,290 1,151142 1.181.721 At 31 Mllrch 2024 1& Stock• 2024 mAteriAIo 8nd congumlbleo 4062 4,348 2025 2024 Trnde debtors Prep3ymonts aNI incomè Other d8btor8 38,789 21,387 5.693 111.695 26,328 143,618 21. Cv•dltorn: amoun1• falng du• t￿In on• y•ar 2025 2024 Trado ueditrys A(xrua16 and deferr*J Inc4r S(Kial ¥•￿jr1ty ar)d other taxe5 4836 27h28 8,142 16,052 4.424 21.761 7.567 25,972 59,724 Cardiff Instltute For The Bllnd. (Incorporatad) (Tho) Company Umlt•d by Guarant•• Note8 to the FlnancSal Statements (c•th Y￿r ended 31 March 2025 22. Cr•dl¢orn: amounts fallng due aft•rnY•r• th•n on• ymr 2024 200.1)ty) 200.000 Ottw ¢￿Illor8 of £200.000 a k*n rnYld•d ty RNIB up)n dfrmger from Thè RNIB Group on the 1 Aprll 2LY22. The k)an * by woterlrvj a rtwge ¢wer th• property, terest Iree and repayoble in knstskmnts frt¥n Wil 2025. D•fin*l ¢onlrfbullon plan• The onKunt rwn4ed In Inco￿ orexpendltwe as an In rnlatlon to defined COn￿but1)n plon• was £13,642 (2024.. £13,032). X An•ty•h eA eh•rftsbl• fund• At31 Incx)rM Expw%Mur• Tr8nstsr8 ￿r¢b 2026 1 A¥#112ry24 Genw•l fund• DMlgMt•d lund•: Fixed A88Ot Fund 295,1ee 420,348 (418.956) (5,084) 291A7J 1.181,722 1,478.868 135.1841 (464.1191 5.084 1,IS1.642 1343,117 420.348 At31 IKom• Exp￿dIture Trnr*tsr8 March 2024 1 Aprfl 2023 General fund$ DMlgnat•d fund•: Fi¥￿ Fund pen￿(￿ Cessetson Fund 264.148 435.645 (404,547) 179) 295,167 1216.709 {89.011) 1.411.846 (34,988) (2,289) 435,846 (441.824) 1,181,721 71.3 71.221 1,476,888 The dagnatvj f￿ed 888et fund recognlaes the value ¢XCIFg fwj assets that ar• unavail8bkn lo general funds. Th8 designated Fension fund Is the r￿atiC￿ liatrilty in r85pe¢t of Ihg Cardlff and Vakn ol GlarMJrgan Fen$Kn schfrn. It wa5 fulty repaid in the prior year Cardiff Instltute For The Bllnd, (Incorporated) (fho) Company Limltad by Guarnntso Not•• to tho Financial Stat•monts Year •ndod 31 March 2026 X A*18 of ch•r#•bl• funds (<*thu• RMtrlcl•d fund• At31 Exwndlture Trnn8f8rn M•reh 2025 1 2024 Beautifulty Bllnd scvs C38C Nthonal Lott•ry Community Fund- VolLrnteering In81ghl Pwll F8rn11y F￿ndatiOn VA volUnts￿n9 Wales C8rdlff YMCA 1910 Trust CABbM Swan¥oa CC COAsr A£tivity Grant Mc¥)ndanc• F(yJndatbn Cavdrll CC Shared Prospwty Fund TMCO Strong•r Stsrt8 184) (3.OCX)) {1,5001 2000 32,794 <32.7941 22.OLJO (19,3671 978 24,707 (24,8521 (431 (22,4391 4,￿7 6,869 29.298 13.200) 37.520 37020 71,021 4.825 201,755 171,021) (3,6C(11 {181.5KI) 1,128 08292 38,127 At31 Incoffo Exp￿d[ture Tr￿1Hr6 Morch 2024 1 2￿23 RNI8 - Penslon Cossauon Ilabllty Paople'$ Postcxxlo 71.300 {71,3001 7,916 (7,91e) V181on lThyatred 11 G18m scvs C3SC NCLF. Voluntwir Insigm NCLF-One Vls Nakncrflal Grfd ComrNnity Matt•r• Powell Famity Founda Swansea CC Wol**NvJ (s,￿1) 81 3.000 (1,260) 30.747 52.333 (50.286) 19,9991 32,794 (9.630) 43,116 750 140.783) (768) (125,893) 2,333 18 109. 125.078 (71,2211 38,127 Cardlff Instituts For The Blind. (Incorporated) ITh•) Company Llmltsd by Guarants• Notas to the Financial Statsments Y•ar •nded 31 March 2025 24. An•tysl• of thorftabl• lundB The RNIB Grart - pensknn ces$atr￿ Kiablllty ￿￿te$ to a fil￿5nll c¢>mmttment in re8POCt ol the Car#lff and Vale of G￿9n￿￿an ￿81)ft cessation paymn( whKh Is due to bo pgid c*M 8 flve• y•8r p•riod. The furnj ￿11 be ulilised by a transfef from the deSIg￿ted perwlon fvnd when tho p8ym8nl18 trod& eath year. Thi3 r8w•sonts the find yo¥ p8ymnt. as well as 8upport Inyalr•d Vknt &8nb)rgan grnnt SCVS and C3SC r•(*W tLTh¥ar¢h SUFPDrt of Sight Llfv Groups a￿1 t￿ The Nath)n•l Lottwm C(¥)Thnty Fund -"P•oplo aNt Plw 3. grnnl w•$ r￿•1¥•3 towards th• Vol4snt•trmg In•&M A fiffthor Nalton81 Lottery Ccrnrty grant W8B wxofved IN8rO8 the On• Vhlon py0￿Ct. Tro N8thy)o1 Grid E￿(￿l¢Aty tX8lMbubM- C(•rniunty matt￿ Fund ￿lded • gr•ni trAwd$ tho L•lgur• Irnijht proje(* Tha P¢ya*ll Famlty FO￿¥jaI((M lundkw tho Young P•rnon'B proj￿1. Swan6ea Cthmcll prov•J•d grnnl I￿￿Ing trMArd¥ ￿ ¥fyfJrk8hop•. B￿￿￿1￿lty Blind rdate8 to Cftr*dfund*J rxefv•d ttrwaftls the 8eautTrlully 811nd wol•c VKVA1*4e wa￿eth a grnnt tO) 1,443,117 1,161,642 606,941 106.056) 1200,000> IA02,028 60,119 {1.827) 1.119 58.2Wd 1,119 Unrestrictsd Restrktsd Er￿aW[r*rt Total Fund8 Fund• Fun FurKIs 2024 TarvJlble flxed aG￿tr Current assets C￿d￿Or1 ltts Ihan 1 y Credrtorn greater than 1 y•8r N•t I￿•ts 1.181,r21 554,891 159,7241 {21X).O()Ji 1.476,888 1.181.721 594.137 159,724) 120D,OCKI) 1.518,134 38.127 1,119 38,127 1,119 28. Anity81• of eh•fftg•• In I￿t d•bt At At l Ay 2024 C••h Ikhv$ 31 M•r 21 Catsh at bank arKI In hond 446, 176 97.980 044,135 27. Op•r￿n9 l•a•• cofflmllmMt• Th• t(￿1 future rnlThSnwm leaBe F4ym&ni¥ under nor*ewLwlloble operallng leases ere aj fDIIcNM'. 2026 2024 Not lat•r Ihan 1 yew Loierthan 1 yew ènd not18t8r thfjn 5 yearn 1,692 3,780 1,440 5,220 6,860 28. ￿lI1•d paffd Durfng the year. tho d)arity r￿ed d(Ytali(Th tot8llng £4.￿0 Irom on• tsustee (2024 £6,000).