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TEESSIDE & DISTRICT SOCIETY FOR THE BLIND (Registered Charity: 700212)

TRUSTEE REPORT 2024

Chairman’s Report

Year 5 of my service as Chairman of the Society and once again it has been a busy time.

We sadly lost one of our longest serving Committee members Leo Barnbrook in March this year – he will be much missed.

Our main aim within the Centre has been both to promote our image in order to attract funding through grants and donations and to save what funds we have through cost cutting and energy saving.

With this area in mind, we have made significant savings in the running costs of this old building, by careful investment and searching for the best options and for that I would like to thank Nora for her hard work in this area.

Once again, I would like to take this opportunity to thank the staff whose hard work, determination and bright smiles make the Centre a nice place to visit.

I would also like to thank all our volunteers without whom we would not be able to run this Centre.

Stephen Hudson – Chairman

– About the Society

:- Our aims and objectives

To promote independence in the lives of blind and partially sighted people living in the Middlesbrough, Redcar & Cleveland and Stockton on Tees local authority areas.

As stated in our constitution:-

To relieve blind and partially sighted persons resident in the area of benefit, by any of the following means, or such means as the Management Committee may, from time to time think fit.

(a) The provision and maintenance of a social centre;
(b) The provision and maintenance of recreational facilities with the object of improving their conditions of life.
(c) The provision of education and training, for such persons.

(d) The provisions of items, services, and facilities for such persons.

No material changes to the above policies have been made since the last report.

Details of the Management Trustees, Bankers, Solicitors, Financial Advisors and Independent Examiner are as follows:-

President: - Mrs. M B Whitaker Management Committee members as elected by Annual General Meeting as per the constitution.

Chairman Mr S Hudson Vice Chairman Mr M Trattles Treasurer Mr S Jones

Trustee Mr L Barnbrook Trustee Mr K Laycock Trustee Mrs M Baines Trustee Mr Barry Smith

Representatives from other organisations elected by said organisation as per our constitution, continues until we are informed that they have been withdrawn or replaced.

Elected by the Local Authority each year, as per our constitution. Representative for the year st ending 31 March 2024:-

Trustee Councilor Shakeel Hussain, Stockton BC

BANKERS: Santander, Bridle Road, Bootle L30 4GB

SOLICITORS

Punch Robson Solicitors 35 Albert Road, Middlesbrough, TS1 1NU

INDEPENDENT EXAMINER:

John Hugill The Grange Business Centre Belasis Avenue Billingham TS23 1GL

FINANCIAL ADVISORS

Redmayne Bentley Church House College Square Stokesley Middlesbrough TS9 5DN

The Society this year

It has once again been a busy year for the Society and even though we have faced some challenges along the way we are still here to support the 1000 visually impaired people on our register.

We are still having our monthly outings and our Twilight evenings both of which are thoroughly enjoyed by everyone who attends.

We visited Preston Park, Kirkleatham walled garden and Museum, Seaton Carew, two outings on the the Teesside Princess and Boundary Mills for shopping.

We have had lots of in-house activities over the last year.

We have had tactile crafts, making and painting pottery and of course bingo and quizzes.

There have been interesting talks with subjects ranging from Costal Wildlife to Fire safety.

We had our annual Christmas Party with two lots of live entertainment, a lovely day much enjoyed by Centre users, Staff and Volunteers.

Sue organised two successful Open Days which were very well attended.

We look forward to looking after all of our service users over the next year.

Donations & Bequests

We are encouraged by donations and bequests made towards the work of the Society, supporting local blind and partially sighted people.

We are for those who us on a grateful support monthly basis by standing order and other donations. Many people, who are tax payers, have also signed a Gift Aid Declaration which allows us to claim the tax back on their donations, therefore increasing the amount received.

Also, we have a number of collection boxes in local businesses and the local community. The support we receive from the local general public and our friends is tremendous and helps our work considerably.

We are grateful for donations received this year from:-

David Williams, Doreen Ingram

Also the money donated in memory of Centre users we have lost this year who are;

Andrew Smith, Valerie Early, Maureen Tate, James Gargett, Joan Hopper, Brenda Bird, Maureen Graham and Stephen Sheridan

Our Services

We provide the following services:

Social Centre – Tuesday to Friday
Home Visiting Service
Shopping Escort Service
Resource Department
Equipment & Information Home Visiting Service
Minibus service to and from Centre
Luncheon Club
Twilights
Open Technology Days

Referrals are made via:-

Self-referral
Family or carer
GP
Social Services
Other agencies
ECLO (Eye Clinic Liaison Officer)

All staff and volunteers endeavor to make our services accessible and treat everyone with respect and friendliness, making their experience a positive one!

We are supported in contractual partnership with local authorities.

Redcar and Cleveland Council, Middlesbrough Council and Stockton Council have continued to support us with contracts for our home visiting scheme.

Grateful Thanks!

The Society would like to offer grateful thanks to everyone who has donated time and money to the work of the society over the last year.

Particular mention is made of:-

All supporters of the society who give generously by monthly or yearly donations.

All volunteers who give so generously of their time in all aspects of our work. This includes all Home Visitors, Shopping Escorts, Drivers, and Centre helpers.

Contact details:

Teesside & District Society for the Blind Stockton Road, Middlesbrough TS5 4AH Registered Charity: 700212 Telephone: 01642 247518

E-mail: manager@teessideblind.co.uk Web: www.teessideblind.co.uk

C]wity registration number. 7(K)212 Teesside and District Society for the Blind ADnual Rewrt and FiiLancial Statonerkts for the Ye8r Eoded 31 March 2024

Teesside and DistrÉet Society for the Blilld Contents Refer¢u¢e and Administrdtive D¢tsils Trustee's Report 4-5 Statement of Trnste49' Resp)n&bi]ities Independent Exarntn¢Vs ReFrf)rt Statement of Fin3cial Activities Balance Sheet Notes to the FinarycTal Statements 10-22

Teesside and District Society for the Blind Reference and AdEDinRstrative Detsils S Hudson c]ty Registration Numlxr 7002E2 Priucipal Office Stockton Road Middlesbrough TS5 4AH Idep¢]Cnt Examiner J Hull The Grantre Busine%s P Belasis Avellue BiUingb8Jn TS23 It

Teesside and District Society for the Blind Trnstees, Report The tNstees present tbe anuual together WAth th¢ financial stateinents of the c]Mity for the year ended 31 March 2024. Objectives and actiTrTrties Objects ¢udoims The objects of the Society shall be to reEieve bIind and partiaIly sighted p¢r50ns resident in th¢ Borough of Middlesbrougb, the Borough of Redcar alld Clev¢land and the Borougb of Stocktoll On Tees. Publ bénefit The activities undertaken to filltherpublÉc benefit include: &) tbe profvisioll and rnaintenance of a welfare C¢utre forpartially sighted persons. b) the provision and maintenance of recreational faciIities for partiaIEy sigbted persons with the object of improvin<r their conditions of life. ) the provision of education and tralning forwtsally sighted persons. d) the provisious of items. services or facilities ptirtiaIly sigbted peL50llS. The tnL%tees confiryo that they have complied with the requirnents of section 17 of the Charities Act 2011 to have duereg2rd to the public benefit guidan¢epublishedby the Charity Comjnission for EnglarLd 2nd Wales. Trustees 2nd officers The truste¢s and offi¢eTS setving during the year and siuc¢ the year end were as follows: Tntees. Mrs Maria Banes Mr Leo Bambrook Mr Stephen Hlldsou Mr Keith Layeock Mr Stephen Jone4 ClIr sIe£l Hussaill Nfr Mark Ftewker-Trattlas Mr Barry Slllith Iltary B Whitaker Structure? goTrernance and ]n2nagement Nature ofgoverning document The Society is gov¢rned by its constitiltion the12kst revision of this WL8 in March 2021 Recruitmentand appoen¢ thftr¥tstees Ncw trustces are aptx)inted by the manag¢m¢nt Committee and seLve for tbree yedt3 ats wbith they may put themseEI'&8 foTward for re-appoi1CllL The Co]TrstitsLtion providas for a Tai1U of three usteu, to a m]MuTU of tell. Induction aAdtrainiAg oftnL%tees

Teesside alld District Society for the Blind On appointsnent new trustees undertake ioduction with the Socity manager Trnstees, Report Fillanei21 instrujllents Objeclives andpolici The chariws a¢tivÉtie£ exp)se it to a number of firLanciai risks includinir credit Ii$14 c&qh flow risk alld liquidity risk. The use of fin&ttci81 derivatives is governed by the clwiryes poliei¢s approved by the board of tlltees, which provid¢ written prillciples on the use of fJllaThciat d¢rivatives to aThage these risks. The clty does not use derivative financial instnllllents for specul2tive puSes. ChflOW risk The chariWs activTties exwis¢ Itprinwily to the fjnancial risks of cFLang&q in foreigncunEncYexclttge rates attd interest rdtes. The cbaEity us¢$ foreign excbange foNard corytra¢ts aud iutercst rat¢ swap colltracts to hedge these exposures. tnterest bearing assets and liabilities are held at fixed rate to ell5U ¢¢rtaillty of cash flows. Credit risk The CharlS PTincipal financial assets are barjk balauces and caskn trade and other reiVableS, and inN'estments. The Giwi5 credit risk is primarily attributable to its trade receivables. The amounts presented in th¢ balance sheet att net of all0.anCeS for doubrful receivables. An allowance for ijnpairnent is made wh¢re there is identified loss event wbic]L based on previous exptttence. is evidence of a reduction in thc reeoverabilitv of the c&sh flows. The credit risk on liquid fimds and derivatis'e Snancial instruments is IiuLit¢d be¢ausc th¢ ¢ounl¢rparties are baoks with high ¢r¢dit-rntings asstgned by international credii-rating agencies. The ¢hwity has no significant corLCeDtratiou of credit risL with exposure spread over 2 large ttt]mber of count¢rpartÉes and customers. Liquidity rifk In ordff to Luaintain liquidity to ensure tbat suffi¢i¢nt fimds at¢ availabl¢ for ongoing oFrdtions 8lld bjre developmcnts, the cb&ity a Jnixture of lon(v_tetm alld sbort-term debt finallc¢. Furtber details regarding ]iquidity r&sk can be fouud in th¢ StataTh¢ut of a¢¢ouutillg policias ill the financial statements. Approved by the trustees of the cbaTity OD 24trL SepteJnber2024 and signoj on its be])alf by: S Hudso ChainnatL attd TLUStee

Teesslde and District Society for the Blind

Teesside and District Society for the Blind Statement of Trnstees, Responsibilities The tsustees are resp)nsiTrle fOrprepari the trllSt' rertalld financtal statemcllts in accord8llce witb the Urrited Kingdom Accountittg Stslldards (United Kingdom Generally Aeeeptd Accountiag actice) and appIicable law and regulations. The law app]icable to charities requires the ttwstees to prepare fi2wicial ststtho¢llts for ¢ach financial year which ve a ttue and fair eW of the stste of affairs of the charity and of the incoming resourcas and appliration of T¢SOUW¢S of tb¢ clwity for that lOd. Ill pr¢pariDg t}e f]naacial statements. the tThstees re(tuircd to: selwt suitable a¢Vnting policies and then apply them consistentty. observe the methojs and principles in the C]wkti&8 SORP. ake judgements and estimates that ore reosonable and prudeut. stale whether app]icable accounting standards have been followed, subj¢¢t to ally material departures disclosed and explasned in the financiat statements" and prepare tbe financial statements on the going concern basis unless it is xnapproptyate to pr¢suffje that the charity 111 continue in busitiw. Th¢ trustees ate Tw>nsible for keepintr propu accounting records tbat disclos¢ vrith rOnable accuracy at ally tilne the ela1 position of the cTrkarity and enable them to ensure that the fancIal ststeTnents ¢omply witb the Charities Act 2011. the applicable Cbatititt% (A¢wunts and Rryrts) Regulations, and th¢ provisiou5 of th¢ nstition. The trustees are a]so responsible for safeguarding tbe assets of tbe cPLarity and hence for takir&g rcasonable stcps for the prevention and detection of fraud and othff iTregulariti&s. Approved by the trustees of the chariry on 31 May 2024 and sRga¢d on its bebaIf by: S Hudson Chairman aad Tte¢

Teesside and District Society for the Blind Independent Examiner's Report to the trustees of Teesside and District Society for the BLind I rep)rt to the lrnstees on my examination of the accounts ofTeesside aLd District Society for the Blind for the year ended 31 March 2024. ResPOn5ibiiitie$ and basis of report As the c1]ty ttea8 of TSIde and Dxstiyct Society for the Blilld you are restx)nsible for th¢ preparation of th¢ accounts ill accordan with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my exatllinatioll of the Teesside and District Society for the Blind's tc¢ovnts Caled out under section 145 of th¢ 2011 Art and in carrying out Jny examination I hav¢ followed all the applicable Directions given by the Clwity COMn)i10Th uttder section 145{5)(b) of the ACL Independent eX*IDer'S statemeut I have completed my examillatioll. I confitm that no nterIal matters tLave come to my attention in connection with the £umination giving me cause to beEieve that in any mateLial resp¢th: accounting records were not kept in respect of Tees8kde and District Society for the Blind as requir¢d by se¢uon 130 of the Act" or 2. the ac¢ouELls do llot accord with tbose records. or 3. the a¢rounts do llot Cotllplv thith tht accounting r¢qllirn¢nts ¢OU¢¢Tning the forni and content of accounts set out Èn the Clwities (Accounts and Reports) Regulatious 2008 other than ally requirement that the a¢¢ounts v¢ a 'ttu¢ and fair vi& which is not a matter considered as part of an indepelldellt ¢xaD3illation. I have no concerns and have come acm&s no othermatters in conneCtOn witb the etamination tts which attention should be thawll in tbis reEKJrt in order to euabl¢ aproperuSLd¢TStauding of the accounts to be reached. Mr J Hugill Grange Bu$ine&s Park Belasis Avenue TS23 4H 19th Septetnber 2024

Teesside and District Society for the Blind Statement of FAll2ucial Activities for the Year Ended 31 March 2024 Note Unrestricted funds Totsl 2024 Income and Endowmellts from: Donatious and legacies Charitable actipities EuvestnLellt illcollk¢ 42,415 137,041 5,651 42.415 137,041 5,651 Totsl irLcome 185,107 185,107 Expendire on: Charitable activiti<% (166.499) (166.499) {3,008) (166,499) (166,499) { 3,008) {169,5071 15,6rA) Tozal expenditt Gainsn05SC5 ¢)n investtnettt &ssets Net ¢xpenth"tUTe (169,507) Net movemenl iJL fimds 15,6AKI ReeoDcili#tion of funds Totsl funds brought forwaTd Total fund5 carried forward 147.712 147,712 17 163.312 163.312 iote Unrestricted funds Total 2023 Income alld EndoiTrinents from: Donations and lets2ci¢s C]karitable aCtitieS Iuvestment income 17,167 142,981 5.355 17,167 142,981 5,355 Total ittcome 165,503 165,503 Expenditure ou- Charttable A¢livities (177,604) (177.604) (10.983) (188,587) (23.084) (177,604) (177,604) (10,983) (188,587) (23,084) Total expenditure Gainsnoss&% on illvestmettt wets Net ¢xpenditUTe Net nLovemerAt in fimds Reconciliation of funds Total funds brougbt forward Total funds carried forw8Td 170,796 I70,796 16 147,712 147,712 AlioFthe clwiws activitiesderive frotn operattOLsthTiog the above twopxri(yJ The fiuLds breakd0V for 2024 is shoThT rn note 16.

Teesside and District Society for the Blind The notrs on pag¢s 10 to 22 form aA ltiteal part of d*5e fvjarkcial statcane4xts. io

Teesside and District Society for the Blind (Registration number: 700212) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tallgible assets InvestmeuES io 29.984 113,498 143,482 37,211 133 372 Current assets Stocks Debtors Cash at bank and In ]iand 12 13 14 2.751 1.146 1.178 18,583 23.125 Creditors: Atnounts fallin¢v due within olle year Net eurrent assets 15 3295 19.830 163,312 14,340 147712 Net assets Funds of the charity: Uurestrieted income fidS Unrestrictcd funds 163.312 147,712 Total funds 16 163,312 147712 The fmaacial statements otL pages 6 to 19 were approvedby the trustees, and authorised for issue on 31 May 2024 and signed on their behalf by: S Hudson ChairmaTr and TDJStee The tLOtes orl pg¢s 10 to 22 fornj ao itw partof erallet21 statemaxts. li

Teesside and District Society for the BLilld Notes to the Fi]le121 Statements for the Year Ended 31 March 2024 l. Ae¢ounling policies Statement of ¢omptiance Tbe filnCIal statements have be prepared in A([danCe with the second edition of the Charities Statement of Reconllnen(led Practice issu¢d in O¢tober 2019. the Financial Rewrtin. Staudard applteable iu th¢ Uuit¢d KiAgdom alld Republic of treland (FRS 102) attd the ch]tt¢s A¢t 2011. Basts of preparatfiou T¢¢ssid¢ aud Dtstrict Sl¢ty for the Blilld meets the definition of a pubtic benefit entity undcr FRS 102. The accounts (financi21 statemerLts) have prepared uuder the historical cost coDventiou widL items recognised at cost or transaction value unless otherwise stated in tbe relevant note(s) to these accounts. Exemption from prepariug a cash tlow statement The charity opted to early adopt Bulletin I published on 2 Febnw 2016 and have therefore not illcluded a cash flow statement ijk tbese finallcial staietuents. Going concern The tNstees consider that there are no material uncertainti&s about tbe charityH8 ability to Continue as & going cottcem. Ineorne and endowmellts Voluntary income Including donations: gifts, le(va¢ies and grants tELat ptovide core l9ldin0 or are of a generdl nature is recogllised when the charity entitlemenÈ to tbe inco]ne, it is probable that thc income will be receive4 alld the 2Enount c2D be easured wtth 5uffi¢icut reliability. Donations and legacies Donations and leoacies aTe recognised on a r£Vable basis when receipt is proknble. and the alllount can be r¢iitibly measured. Eenditllre All expendifure is recognised o]kce tILere is a legal or constsuctive obligation to that experLditure, it is probable settleThent is requir&1 aud the amourtt ¢2Th b¢ m¢asutrd lilY. AU ¢o$ts ¥re allo¢ated to the applicable expeuditur¢ h¢ading that aggregat¢ sirnilar costs to tbat rategory. IlThere ci>sts cannot be directly attributed to Particular headings they have been allocated on a basis consistent Trith the use of resources, with central staff wsts allocatel OD the basi5 of lie swiL and deprlation charges allocated ott tbe portton of the assets use. Otber supwrt costs are allocatoj b&8ed on the spread of sta£r osts. chitable activAties Charitable aTpenditur¢ comprises those ¢osts Iticuff bvthe charity iu the delivery of its activities and seryices for its beneficiarie5. It includcs b)th costs that catL be all(Kated directly to such activities and those costs of an indirect nature necessary to sUPrt them. Support costs Support costs itLclude central functious alld have been auocated to activity cost cafrgories on a b&sis consistent with the use of resourccs, forexarnpl¢, allocating propctycosts by fl¢)or areas, orper capita, staff costs by the time spent aud other Costs by their usa.Lf. 12

Teesside and District Society for the Blind Notes to the Financial Ststements for the Y¢ar Ended 31 March 2024 Governance costs These include tbe costs attrtbutsble to the clwitys compli8nee constitutionaI and statytory requirements. including 8udiL strategic manaoemetli alld trustees. meetings and reimbutsed expenses. Taxation The charity is considered to pass the t&8ts set out in Pornwh I Schedule 6 of the Ftuance Act 2010 and therefore it tneets the defiDitiOll of a clwitable compatty for UK coratIOn t&x purposes. Accordingly. the chty is tentiallY exempt from t&ution in SpECt of income or capital gaitis received within categori&5 covered by Chapter 3 Part I l of the CoTporatioa Act 2010 or Sectton 256 of the Taxation of Chargcabl¢ Gains Act 1992. to th¢ eKt¢nt that such income or gains are applicd ex¢lusiv¢ly to thritable purposes. Tgngible red assets tndividual fixed assets are initially record¢d at cos¢ less any subso4uent accumutated depreciation and subsequent accuDLulated impainnent lo&ses. Depreciation 2nd amortisatiou Depreciation is provided on tangible assets so as to write off tbe wst or valuatton, less any esiimated residual valu¢ over their expected Sefi)I e¢ollowic life as follows: Asset Class Freehold property Equipment Motor vehicles Depreciation method alld rate 5 /• OEi Cost 20% ori cost 250/• [¢}llg balance Fixed asset investments Fixed asset investments, other than prOe related investments, are Includ at matket valu¢ at the balance sheet date. Realised gains and Iosso% on inv¢5trnents are calculated as the difference between sales proceeds and their mat*et value at the start of th¢ ytar, or tbesr subsequent ¢0gL and a ¢harg¢d or ¢redited to the Statement of Finon¢ial Activtties in the period of disposal. Unrealised wains and kosses represent the movement inmaTk¢t values durillg the year and are credited or C1r.tred to tILe Statement of Finaticiai Activitics based on the mats value at the year end. Trade debtors Trade debtOTS are amounts due from customers for merclwhdise sold or serrices perfornied in th¢ ordinary course of business. Trade debtors are recOlSed iniiially at the rThctiOn pri¢¢. They are subwuendy measured at amortised cost using the effective interest Metho leqs pro$10 for impairn]enL A pro&ision for tb¢ impairniettt of trade debtors is astsblished wheEL there is ObitiVe evidence that tbe chariry will not be able to collect all amourkts due according to the original tern of the receivables. Cash and ¢ash equivaleuts Cash and cash equivalents comprise cash ou I[d alld (all dewsits. and other short-term bighly liquid inv&8tments that are readily convertible to a knowu allkoullt of cash and are subittt to an tnsigoifi¢allt risk of cbange in value. 13

TeessAde and District Society for the Blind Notes to the Financial Statements for the Year Ended 31 March 2024 Trade ereditors are obligations to pay for goo(ts or services that have been acquired in the orthnary course of business fron suppliers. Accouuts payable are classified &8 current liabititi&% if th¢ do¢s llot have an unconditional right. at th¢ cnd of the Teporting perio4 to defer settlement of the ¢reditor for at least twelv¢ onthS after the reporting date. If there is 2n unconditiorLal right to defer settlement for at E¢ast twelv¢ morLtbs after the worting date, they are presented as non-crnt liabib"ties. are recogttised iuitially at the (ransaction pric£ and sub5¢quently measured at norSed cost using the effective int¢r¢5t method. Borrowwgs tnterest.bearing borrowings are initially recorded aÉ fairvolu4 uetof traasaction costs. lntet-be]llg botrowings are subsequently canied ai amorttsed cosL wtth the diff¢wice between the procee(Ls, net of traDsacLion costs, and the amount due on redemptiott being recognisaj as a cbarge to th¢ StatemerLt of Financi21 Activiti¢s over the period of the releTr2llt boffibsvinL¥ tnterest expens¢ is recognised on the basis of the effective interest method and is iuelud¢d ill interest payable and sirnilar chaT(*es. Borrowings ar¢ classifid as current liabilities unless the charity has an unconditional right to defer s¢ttlemenl of the liability for at least h¥elve months after the repoLting date. Fund structure Unrestricted income fi]nds are g¢nffil funds tTrLat are available for use at the trustees, discretiou i bjrtherance of the objectiY6s of the charity. Financial instruments ClalftiOn FinaELcial assets and finaucial Iiabilities are recogoised when tILe chLty beMe5 a paty to the ¢ontractual provisions of the instrument Financial liabilities and equity instsents are classified according to the substance of th¢ contractual arrantrem¢uts ¢ntered into. An equity instrurnent is anycontract that evideuces a residual interest in the assets of the charity aIter deductiag all of its liablties. 14

Teesside and District Society for the Blind Notes to the Financial Statements for the Year Ended 31 March 2024 Recognthon and measurement All financial assets and liabilities arc initially measured at tnsactiOn price (including transaction costs), except for those )Snauciai assets classified as At fair value througb profit or loss, Th'hich are initially measured at ftitr value (which is normally the transactiozL price excluding transaction costs). unless th¢ aErangement constitutes a financing trausaction. If aa arrdlloement constitutes a fancIng transaction, the finattcial asset or finartcial liability is ]nwllred the prent value of the future payments discount¢d at a market rdte of inter&£t for & similar debt irLStDJment. Financial assets ond liabiliti&s are only offset in the 51atement of financial position F/hen, and only when there exists a legally enforceable right to set off the recognised amouttts arLd the charity intends either to settle on a aet basis. or to realise th¢ assct and settle the liability simultaueously. Financi21 assets ar¢ d¢recognised when and olliv when a) the coTrtra¢tual rigbts to the cash flows from thc fLfAallcial asset expire or ate settle& b) the charity transfers to anotber paty stthstantially all of the risks alld rewards of ownership of the fiuanrial ass¢L or c) the charity, despite having retained some, but rLOt all, SilfiCallt risks and Tewards of OwnShip. has tsallsfeed control of the asset to another paty. FitLan¢iai liabilities ate dereCogt]iS only when the obLÉgatiotL specified in the contract is discELarge(L cancelled or expires. 15

Teesside and District Society for the Blind Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Debt inslruments Debt iustruments which meet the followitr conditions ar¢ Subsequently measured at amortised cost using the effective Ènterest EuethiNI. a) Thc Golltractual return to the holder És (i) a fixed amoun¢ (u) & w>sitive fixed rate or a tx)sitive ylabl¢ rdte" or (lll) a mbinatIon of a p)sitive or a negative fixaj Tate aud a positive variable rate. b) The contract mayprovide forrepayments of thepTiClPal or the retutn to the holderlbut not both) to be linked to a single relevant obs¢rvable index of generat Ptice inflation of the CUfT¢ll¢y in wbicb the debt instsument is dcllominatsj, provided such links are not levernge c) The contract may provide for a detenninable Trwiation of the tetum to the holder durtng the lifc of the instrumenL provided that (i) the Etew rate satisfies condition (a) ond tbe vatiation is not Colltingent on future events other than {1) a cbattge of a colltractual variable rate" (21 to piotect the bolder against credit d¢t¢rioration of the issuer. (3) Challg in leTries applied by a ccntral bank or arising from changes iu relevant t&xation or law. or (ii) the new rdte is a arket rate of inter¢st and satisfies condition (a). d) There is no contracbjal provision that Coul by its tern. result iu the holder losing the principal amouttt or any inter¢st atiributable to the CUTr¢ut period or priorperiod8. el Contractual provisious that permit the issuer to Prepay a debt instsument or p¢zmit the holder to Pul it back to the issuer tr0re maturity ar¢ llot cOntingt on fjjtutt events, other than to pror¢ct th¢ bolder against the credit deteriordtion of the issuer or a ¢]ttg¢ in control of tbe issuer, or to protect the bolder or issuer against c]Mng&8 in levies applied by a central or arising from change8 ill r¢levaut taxation or law. O Contractual provisiolls mayperniit the exteu5ion of the terni of the debt insinuuen( provid tbat the return to the bolder and any other CotractUal provisTons applicable during the ¢xtended te satisfy the conditions of paragraphs (a) to (c). Debt inStruents that are classified as payable orreceivable within on¢ year on initial re¢oguitioll and which meet the aboNe conditions are llLeJsured at the undiscounted amouttt of the cash or other onsideration exttcted to be paid or receiv n¢1 of impairnienL With the exception of some hedging instrutu¢nts. other debt inslDmients not m¢¢trng these conditions are measured at fair vatue thLDugh profit or loss. Cotruaitmeats to make andreceive loans wbicFJmed the ¢onditiOnS mentioned abovc are Deasured at cost (whicTrL may be nil) less impairniellt Jmputhkeuts V¢st¢ts in llODrycollvertible preference shares aud noll.puttable orthnary ot preference shaTes {Th'here share5 are publicl trad¢d or their fair value is re]iably me&%llrdbl¢) are measured at fair value tbrouJ(r profit or lo&£. Wher¢ fair Tralue cannot bemeLsured reliably. iiivestrnents are m¢asuTsJ at cost less impairmenL Invtments in subsidiaries and OciateS aTr measured at cost impainnent. For investments in subsidiaries acquired for consideration iucludiug the issue of S]ES qualifying for merger relief, cost 16

Teesside and Distriet Society for the Blllnd is m&gsuredbyreference to the nomillal vajueof the sharag x&quedplus fairvalueof othercollsideration. Aay premium is igllore 17

Teesside and District Society for the Blind Notes to the Financial Statements for the Year Ended 31 March 2024 DerivativefinanclaluMeftts The charity uses derivative fina%Lcial ill5truTllents to reduce exposure to foffign exchange risk and interast rak movements. The charity do¢s not hold or issue a1Vative fiuancial instnents for speculative purposes. Derivatives are initially recogt)ised at fair valu¢ at the date a derivative contract is entered into and are subsequentty remvred Èo their fair value at each rq)orting date. The resulting gatn or loss Ts recogois¢d stat¢Th¢nt of fillancial activiti&s inllnediately unlcss the derivative is deSigat¢d and effective as ah¢dging instu¢r1( in wbicb event the of th¢ reCOlition In statement of fLuaucial artiviti¢s depellds orl the llature of the hedge relationsbip. Fatr value The best edence of fair value is a quotedprice for8n idffltical assetin an active maLk¢L WIL¢ll qW)ted prices are ullavailable. the price of a rcceut transaction for an identical asset provides evidence of fair value as long as Éhere ]w not been a significant chan.(re in econoinic circumstanc&s or a significant lapse of time sirtce the tra1ctIon took place. If the market is not active aud receut trausactions of an identical asset on their own are not a good cstitllatc of fair vatue. the fair v21ue is estimated by using a valuation technique. 2. Lucome from donations and legacies Unrestricted funds Totsl funds Ceneral Donations and legacies: Donations from indivtduaLs 42.415 42.415 Regul giving and capital donations Total for 2024 42,415 42,415 Total for 2023 17.167 3. Income from charitsble activities Unrestricted funds Total 2024 Celteral Home visiting scheme attd COVLD 05SiStollc¢ Multi service centre 16242 120,799 137.ts11 16,242 120,799 137,041 18

Teesside and District Society for the Blind Notes to the Fiuallcial Ststemellts for the Year Ended 31 March 2024 Total 2023 funds Gener Horne visiting schem¢ & COVID assistance Mttiti servi¢¢ ¢¢ntre 46,025 96.956 46,025 96,956 142,981 142,981 4. Inve$tmeTht income Unrestricted fId5 Total funds 2023 Ceneral Otber incolne fronl fixed asset investm¢nts 5.651 5.651 Total for 2024 5.651 5,651 Total for 2023 5.355 5.355 5. Expeudithre om charitable acclivities Unrestrieted flljjds Total funds General Multi $ervi¢e Centre 98,234 18,315 49.950 98,234 18,315 Teclmology training Governance costs Total for 2024 166,499 166,499 Total for 2023 19

Teesside and DistrÈct Society for the Blilld Notes to the Financial Statements for the Year Ended 31 March 2024 6. Analysis of governance and support costs Unrestricted funds Tot41 fld5 GenerAI Independent examiner fees Other fees paid to examiners Allo¢aled support costs 240 240 49,710 Total for 2024 49,950 49,950 Total for 2023 53282 53,282 7. Trustees renumeration and expenses No trustees, nor any persons conllected with thetll, have received any renumerdtion from the ¢haTity durin£* the year. No trustees knv¢ re¢eived any reimbursed expenses or any benefits fronl the eharÉty during the year. 8. llldependeut eiaminers renumeratio 2024 2023 Other fees to eMIllerS All otber servkc 240 480 9. Taxatlon The Charity is a registered charity and is thtrefore ¢xempt froill t&Tatio 20

Teesside and Dllstrlct Society for the Blind otes to the Financi21 Statements for the Year Ended 31 March 2024 10. Tallgible fixed assets Land 2nd buildiags Furniture Motor vehÈcles Totsl equipwent Cost At l Aprtl 2023 At 31 blarch 2024 157,613 157.613 74,615 74,615 36,425 36,425 268,653 268,653 Depre¢i4tion At l April 2023 Cbatge for the year At 31 arch 2024 130,997 74.587 27 25,858 4,800 30,658 223,882 7,560 231,442 133J97 74.614 Trlet book value At 31 March 2024 24.216 26.616 5,767 10,567 29,984 At 31 March 2023 28 37211 11. Fixed asset inTrestment 2024 2023 Other investments 113,498 96.161 12. Stoek 2024 2023 Finished goods 2.751 4,636 13. Debtors 2024 2023 Prq)ayinents 1,146 l.l78 21

Teessidc and District Society for the Blimd 14. C#sh and eash eqwvxlents 2024 2023 CL8h in Iknd 77 60 Cash at bank 19,151 19228 18,523 18,583 15. Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors 2,405 890 9,817 240 Ac¢nS 3295 10,057 22

Teesside and District Society for the Blind Notes to the Financial Statemellts for the Year Ended 31 March 2024 16. Funds Bal4kn¢e at l Aprij 2023 Resources Expended Other recognised gaino0$Se$) BalaDee at 31 March 2024 Resoorees Unrestrictsd fid$ General 147,712 I85.107 (166.499) (3,008) 163,312 Balance 2t l Apiil 2022 llleoming Resources Resources Expellded Other reeognised gains100sses) Balance at 31 March 2023 Unrtstrieted funds 170.796 165,503 (177,6(k4) {10,893) 147,712 23