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2025-03-31-accounts

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

TRUSTEE REPORT 2025

Chairman’s Report

It is my 6[th] Year in post and again we are surviving way beyond all expectations. It has been our aim to maintain the high level of service our Centre is known for with our eyes on keeping costs to a minimum in the present gloomy financial climate.

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 and Joanne in particular for their hard work in this area.

Again, this my opportunity to thank all our staff, volunteers and clients for their continued support, loyalty and friendship which the Society is indebted to.

Stephen Hudson – Chair.

– 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.

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 Mr M Trattles Chairman

Treasurer

Mr S Jones

Trustee Mr K Laycock Trustee Mrs M Baines Trustee Mr B 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organisations elected by said organisation as per our constitution continues until we are informed that they have been withdrawn or replaced.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 2025:-

Trustee Councillor Shakeel Hussain, Stockton BC

BANKERS: Santander, Bridle Road, Bootle L30 4GB

SOLICITORS

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

INDEPENDENT EXAMINER:

Jones Harper 25 Roseberry Road Billingham TS23 2SD

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 have been Bowling and on the Teesside Princess in May and November, one of our clients’ favourite trips. We visited Dalton Park, Thirsk and the Theatre.

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.

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

We held a Summer Party again with live entertainment, a fun day for everyone.

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 public and our friends is tremendous and helps our work considerably.

We are grateful for donations received this year from: -

Roy Barber and Frankie Pratt

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

Arthur Marsh, Arthur Cass, Tom Daly, Pam Muir, Janice Dye and Lilian Reed.

We also lost one of our longest serving volunteers in April 2024, Mr. Albert Cross and are grateful for donations made in his memory.

.

Our Services

We provide the following services:

Referrals are made via:-

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

Charity registration number: 700212

Teesside and District Society for the Blind

Annual Report and Financial Statements for the Year Ended

31 March 2025

3

Teesside and District Society for the Blind

Contents

----- Start of picture text -----
Reference and Administrative Details
Trustee’s Report 4-5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-22
----- End of picture text -----

2

Teesside and District Society for the Blind

Reference and Administrative Details

Chairman S Hudson

Charity Registration Number 700212 Principal Office Stockton Road Middlesbrough TS5 4AH Independent Examiner Jones Harper Accountants 25 Roseberry Road Billingham TS23 2SD

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Teesside and District Society for the Blind

Trustees’ Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.

Objectives and activities

Objects and aims

The objects of the Society shall be to relieve blind and partially sighted persons resident in the Borough of Middlesbrough, the Borough of Redcar and Cleveland and the Borough of Stockton On Tees.

Public benefit

The activities undertaken to further public benefit include:

a) the provision and maintenance of a welfare Centre for partially sighted persons.

b) the provision and maintenance of recreational facilities for partially sighted persons with the object of improving their conditions of life.

c) the provision of education and training for partially sighted persons.

d) the provisions of items, services or facilities partially sighted persons.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mrs Maria Banes Mr S Jones Mr S Hudson Mr Keith Laycock Mr Barry Smith Cllr Shakeel Hussain Mark Flewker-Trattles Mrs M B Whitaker

Structure, governance and management

Nature of governing document

The Society is governed by its constitution the latest revision of this was in March 2021

Recruitment and appointment of trustees

New trustees are appointed by the management committee and serve for three years after which they may put themselves forward for re-appointment. The Constitution provides for a minimum of three trustees, to a maximum of ten.

Induction and training of trustees

On appointment new trustees undertake induction with the Society manager

Trustees’ Report

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Teesside and District Society for the Blind

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:

S Hudson Chairman and Trustee

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Teesside and District Society for the Blind

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions 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.

Approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:

S Hudson Chairman and Trustee

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Teesside and District Society for the Blind

Independent Examiner’s Report to the trustees of Teesside and District Society for the Blind

I report to the trustees on my examination of the Accounts of the Teesside and District Society for the Blind for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of Teesside and District Society for the Blind you are responsible for the 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 Teesside and District Society for the Blind’s accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed All the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement.

In connection with my examination no matter has come to my attention

  1. which gives me reasonable cause to believe that, in any material respect, the requirements

  2. to keep accounting records in accordance with section 130 of the Charities 2011 Act and

  3. to prepare accounts which accord with the accounting records, comply with the requirements of the 2011 Act have not been met; or

  4. to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jones Harper Accountants, 25 Roseberry Road Billingham TS23 2SD

26[th] November 2025

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Teesside and District Society for the Blind

Statement of Financial Activities for the Year Ended 31 March 2025

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17
Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
37,282
118,162
5,093
160,537
(177,107)
(177,107)
312
(176,795)
(16,258)
163,312
147,054
Unrestricted
funds
£
42,415
137,041
5,651
185,107
(166,499)
(166,499)
(3,008)
(169,507)
15,600
147,712
163,312		 Total 2025
£
37,282
118,162
5,093
160,537
(177,107)
(177,107)
312
(176,795)
(16,258)
163,312
147,054
Total 2024
£
42,415
1137,041
5,651
185,107
(166,499)
(166,499)
(3,008)
(169,507)
15,600
147,712
163,312

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2025 is shown in note 16.

The notes on pages 10 to 22 form an integral part of these financial statements.

8

Teesside and District Society for the Blind

(Registration number: 700212) Balance Sheet as at 31 March 2025

----- Start of picture text -----
2025 2024
Note £ £
Fixed assets
Tangible assets 10 22,784 29,984
Investments 11 102,700 113,498
125,484 143,482
Current assets
Stocks 12 2,766 2,751
Debtors 13 4,076 1,146
Cash at bank and in hand 14 45,859 19,228
52,701 23,125
Creditors: Amounts falling due within one year 15 (31,131) ( 3,295)
Net current assets 21,570 19,830
Net assets 147,054 163,312
Funds of the charity:
Unrestricted income funds
Unrestricted funds 147,054 163,312
Total funds 16 147,054 163,312
----- End of picture text -----

The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 26[th] and signed on their behalf by:

----- Start of picture text -----
S Hudson
Chairman and Trustee
----- End of picture text -----

The notes on pages 10 to 22 form an integral part of these financial statements.

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

1. Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Teesside and District Society for the Blind meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable, and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Notes to the Financial Statements for the Year Ended 31 March 2025

10

Teesside and District Society for the Blind

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold property 5% on cost Equipment 20% on cost Motor vehicles 25% reducing balance

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

11

Teesside and District Society for the Blind

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interestbearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance

of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity alter deducting all of its liabilities.

12

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

13

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

14

Teesside and District Society for the Blind 15

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2. Income from donations and legacies

Donations and legacies:
Donations from individuals
Regular giving and capital donations
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
37,282
37,282
42,415		 Total
funds
£
37,282
-
37,282
42,415

3. Income from charitable activities

Home visiting scheme
Multi service centre		 Unrestricted
funds
General
£
16,662
101,500
118,162		 Total
2025
£
16,662
101,500
118,162

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Home visiting scheme
Multi service centre
4.
Investment income
Other income from fixed asset investments
Total for 2025
Total for 2024
5.
Expenditure om charitable activities
Multi service centre
Technology training
Governance costs
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
16,242
120,799
137,041
Unrestricted
funds
General
£
5,093
5,093
5,651
Unrestricted
funds
General
£
104,493
19,482
53,132
177,107
166,499		 Total
2024
£
16,242
120,799
137,041

Total
funds
2025
£
5,093
5,093
5,651
Total
funds
£
104,493
19,482
53,132
177,107
166,499

17

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

6. Analysis of governance and support costs

----- Start of picture text -----
Unrestricted Total
funds funds
General
£ £
Independent examiner fees
Other fees paid to examiners 240 240
Allocated support costs 52,892 52,892
Total for 2025 53,132 53,132
Total for 2024 49,950 49,950
----- End of picture text -----

7. Trustees renumeration and expenses

No trustees, nor any persons connected with them, have received any renumeration from the charity during the year.

No trustees have received any reimbursed expenses or any benefits from the charity during the year.

8. Independent examiners renumeration

----- Start of picture text -----
2025 2024
£ £
Other fees to examiners
All other services 240 240
----- End of picture text -----

9. Taxation

The charity is a registered charity and is therefore exempt from taxation.

18

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

10. Tangible fixed assets

Cost
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11. Fixed asset investment
Other investments
12. Stock
Finished goods
13.
Debtors
Prepayments		 Land and
buildings
£
157,613
157,613
133,397
2,400
135,797
21,816
24,216		 Furniture
and
equipment
£
74,615
74,615
74,614
-
74,614
1
1		 Motor
vehicles
£
36,425
36,425
30,658
4,800
35,458
967
5,767
2025
£
102,700
2025
£
2,766
2025
£
4,076		 Total
£
268,653
268,653
238,669
7,200
245,869
22,784
29,984
2024
£
113,498
2024
£
2,751
2024
£
1,146

14. Cash and cash equivalents

19

Teesside and District Society for the Blind

Cash in hand
Cash at bank
15. Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2025
£
3
45,856
45,859
2025
£
-
-
30,881
250
31,131		 2024
£
77
19,151
19,228
2024
£
-
-
2,405
890
3,295

20

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

16. Funds

----- Start of picture text -----
Balance Incoming Resources Other Balance at
at 1 April Resources Expended recognised 31 March
2024 gains/(losses) 2025
£ £ £ £ £
Unrestricted funds
General 163,312 160,537 (177,107) 312 147,054
Balance Incoming Resources Other Balance at
at 1 April Resources Expended recognised 31 March
2023 gains/(losses) 2024
£ £ £ £ £
Unrestricted funds
General 147,712 185,107 (166,499) (3,008) 163,312
----- End of picture text -----

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Charity registration number: 700212

Teesside and District Society for the Blind

Annual Report and Financial Statements for the Year Ended

31 March 2025

3

Teesside and District Society for the Blind

Contents

----- Start of picture text -----
Reference and Administrative Details
Trustee’s Report 4-5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-22
----- End of picture text -----

2

Teesside and District Society for the Blind

Reference and Administrative Details

Chairman S Hudson

Charity Registration Number 700212 Principal Office Stockton Road Middlesbrough TS5 4AH Independent Examiner Jones Harper Accountants 25 Roseberry Road Billingham TS23 2SD

3

Teesside and District Society for the Blind

Trustees’ Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.

Objectives and activities

Objects and aims

The objects of the Society shall be to relieve blind and partially sighted persons resident in the Borough of Middlesbrough, the Borough of Redcar and Cleveland and the Borough of Stockton On Tees.

Public benefit

The activities undertaken to further public benefit include:

a) the provision and maintenance of a welfare Centre for partially sighted persons.

b) the provision and maintenance of recreational facilities for partially sighted persons with the object of improving their conditions of life.

c) the provision of education and training for partially sighted persons.

d) the provisions of items, services or facilities partially sighted persons.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mrs Maria Banes Mr S Jones Mr S Hudson Mr Keith Laycock Mr Barry Smith Cllr Shakeel Hussain Mark Flewker-Trattles Mrs M B Whitaker

Structure, governance and management

Nature of governing document

The Society is governed by its constitution the latest revision of this was in March 2021

Recruitment and appointment of trustees

New trustees are appointed by the management committee and serve for three years after which they may put themselves forward for re-appointment. The Constitution provides for a minimum of three trustees, to a maximum of ten.

Induction and training of trustees

On appointment new trustees undertake induction with the Society manager

Trustees’ Report

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Teesside and District Society for the Blind

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:

S Hudson Chairman and Trustee

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Teesside and District Society for the Blind

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions 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.

Approved by the trustees of the charity on 26[th] November 2025 and signed on its behalf by:

S Hudson Chairman and Trustee

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Teesside and District Society for the Blind

Independent Examiner’s Report to the trustees of Teesside and District Society for the Blind

I report to the trustees on my examination of the Accounts of the Teesside and District Society for the Blind for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of Teesside and District Society for the Blind you are responsible for the 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 Teesside and District Society for the Blind’s accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed All the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement.

In connection with my examination no matter has come to my attention

  1. which gives me reasonable cause to believe that, in any material respect, the requirements

  2. to keep accounting records in accordance with section 130 of the Charities 2011 Act and

  3. to prepare accounts which accord with the accounting records, comply with the requirements of the 2011 Act have not been met; or

  4. to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jones Harper Accountants, 25 Roseberry Road Billingham TS23 2SD

26[th] November 2025

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Teesside and District Society for the Blind

Statement of Financial Activities for the Year Ended 31 March 2025

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17
Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
37,282
118,162
5,093
160,537
(177,107)
(177,107)
312
(176,795)
(16,258)
163,312
147,054
Unrestricted
funds
£
42,415
137,041
5,651
185,107
(166,499)
(166,499)
(3,008)
(169,507)
15,600
147,712
163,312		 Total 2025
£
37,282
118,162
5,093
160,537
(177,107)
(177,107)
312
(176,795)
(16,258)
163,312
147,054
Total 2024
£
42,415
1137,041
5,651
185,107
(166,499)
(166,499)
(3,008)
(169,507)
15,600
147,712
163,312

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2025 is shown in note 16.

The notes on pages 10 to 22 form an integral part of these financial statements.

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Teesside and District Society for the Blind

(Registration number: 700212) Balance Sheet as at 31 March 2025

----- Start of picture text -----
2025 2024
Note £ £
Fixed assets
Tangible assets 10 22,784 29,984
Investments 11 102,700 113,498
125,484 143,482
Current assets
Stocks 12 2,766 2,751
Debtors 13 4,076 1,146
Cash at bank and in hand 14 45,859 19,228
52,701 23,125
Creditors: Amounts falling due within one year 15 (31,131) ( 3,295)
Net current assets 21,570 19,830
Net assets 147,054 163,312
Funds of the charity:
Unrestricted income funds
Unrestricted funds 147,054 163,312
Total funds 16 147,054 163,312
----- End of picture text -----

The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 26[th] and signed on their behalf by:

----- Start of picture text -----
S Hudson
Chairman and Trustee
----- End of picture text -----

The notes on pages 10 to 22 form an integral part of these financial statements.

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

1. Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Teesside and District Society for the Blind meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable, and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Notes to the Financial Statements for the Year Ended 31 March 2025

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Teesside and District Society for the Blind

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold property 5% on cost Equipment 20% on cost Motor vehicles 25% reducing balance

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

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Teesside and District Society for the Blind

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interestbearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance

of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity alter deducting all of its liabilities.

12

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

13

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

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Teesside and District Society for the Blind 15

Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2. Income from donations and legacies

Donations and legacies:
Donations from individuals
Regular giving and capital donations
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
37,282
37,282
42,415		 Total
funds
£
37,282
-
37,282
42,415

3. Income from charitable activities

Home visiting scheme
Multi service centre		 Unrestricted
funds
General
£
16,662
101,500
118,162		 Total
2025
£
16,662
101,500
118,162

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

Home visiting scheme
Multi service centre
4.
Investment income
Other income from fixed asset investments
Total for 2025
Total for 2024
5.
Expenditure om charitable activities
Multi service centre
Technology training
Governance costs
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
16,242
120,799
137,041
Unrestricted
funds
General
£
5,093
5,093
5,651
Unrestricted
funds
General
£
104,493
19,482
53,132
177,107
166,499		 Total
2024
£
16,242
120,799
137,041

Total
funds
2025
£
5,093
5,093
5,651
Total
funds
£
104,493
19,482
53,132
177,107
166,499

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

6. Analysis of governance and support costs

----- Start of picture text -----
Unrestricted Total
funds funds
General
£ £
Independent examiner fees
Other fees paid to examiners 240 240
Allocated support costs 52,892 52,892
Total for 2025 53,132 53,132
Total for 2024 49,950 49,950
----- End of picture text -----

7. Trustees renumeration and expenses

No trustees, nor any persons connected with them, have received any renumeration from the charity during the year.

No trustees have received any reimbursed expenses or any benefits from the charity during the year.

8. Independent examiners renumeration

----- Start of picture text -----
2025 2024
£ £
Other fees to examiners
All other services 240 240
----- End of picture text -----

9. Taxation

The charity is a registered charity and is therefore exempt from taxation.

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

10. Tangible fixed assets

Cost
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11. Fixed asset investment
Other investments
12. Stock
Finished goods
13.
Debtors
Prepayments		 Land and
buildings
£
157,613
157,613
133,397
2,400
135,797
21,816
24,216		 Furniture
and
equipment
£
74,615
74,615
74,614
-
74,614
1
1		 Motor
vehicles
£
36,425
36,425
30,658
4,800
35,458
967
5,767
2025
£
102,700
2025
£
2,766
2025
£
4,076		 Total
£
268,653
268,653
238,669
7,200
245,869
22,784
29,984
2024
£
113,498
2024
£
2,751
2024
£
1,146

14. Cash and cash equivalents

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Teesside and District Society for the Blind

Cash in hand
Cash at bank
15. Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2025
£
3
45,856
45,859
2025
£
-
-
30,881
250
31,131		 2024
£
77
19,151
19,228
2024
£
-
-
2,405
890
3,295

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Teesside and District Society for the Blind

Notes to the Financial Statements for the Year Ended 31 March 2025

16. Funds

----- Start of picture text -----
Balance Incoming Resources Other Balance at
at 1 April Resources Expended recognised 31 March
2024 gains/(losses) 2025
£ £ £ £ £
Unrestricted funds
General 163,312 160,537 (177,107) 312 147,054
Balance Incoming Resources Other Balance at
at 1 April Resources Expended recognised 31 March
2023 gains/(losses) 2024
£ £ £ £ £
Unrestricted funds
General 147,712 185,107 (166,499) (3,008) 163,312
----- End of picture text -----

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