commission
COMPANY REGISTRATION NUMBER: 02433540
CHARITY NUMBER: 702325
THE SUNDERLAND AND NORTH DURHAM
ROYAL SOCIETY FOR THE BLIND
(LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Registration
Council
Secretary
CEO
Registered office
Bankers
Independent Examiner
Honorary Solicitors
Charity Number 702325
Company Number 02433540
Mrs. L. Scanlan (Chair)
Mr. A. Curtis
Mr. P. Carling
Mr. G. Hicks
Mr S Duffy
Ms S Gregg
Mr. P. Carling
Mr. R. Wood
53 St Lukes Terrace
Pallion
Sunderland
SR4 6NF
The Co-operative Bank plc
5/6 Fawcett Street
Sunderland
SR1 1RF
Mr. P. N. Newbold BFP FCA
Torgersens
East Suite, Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
Mir. G. Johnston
McKenzie Bell
47 John Street
Sunderland
SR1 1QU
- 1-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
THE TRUSTEES' REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 MARCH 2025
The council present this report together with the financial statements of the charitable company for the
year ended 31 March 2025. The financial statements have been prepared in accordance with the
accounting policies set out on pages 9 to 11 and comply with the current statutory requirements, the
requirements of the charitable company's governing document, the current Statement of Recommended
Practice and the Companies Act 2006.
1. Administration details
The Sunderland and North Durham Royal Society for the Blind is a registered Charity (No. 702325)
and is a company limited by guarantee (Company No. 02433540).
The principal address and registered office of the charitable company is:
53 St Luke's Terrace
Pallion
Sunderland
SR4 6NF
The Council Members who served during the year are as follows:-:
Mrs. L. Scanlan
Mr. S. Duffy
Ms S. Gregg
Mr. P. Carling
Mr. G. Hicks
Mr. A. Curtis
The above are directors and trustees for the purposes of the Companies Act and Charities Act
respectively.
Mrs D. McClusky is entitled to attend the meetings of the council as a representative of Durham
County Council.
2. Organisational Structure, Governance and Management
The charitable company is incorporated under the Memorandum and Articles of Association that sets
out the objectives and purposes of the charitable company. The financial statements comply with
current statutory requirements of the Memorandum and Articles of Association. The ultimate
responsibility for the management of the charitable company is vested in the Council.
Trustees are elected by the members at the Annual General Meeting and hold office until death,
resignation, or removal from office.
3. Council of Management
The maximum number of members of the council is determined by the charitable company in
General Meeting.
Currently there is a maximum of 7 and the minimum number of members of the council is 3.
The members of the council can be paid all reasonable out-of-pocket expenses properly incurred
by them, in attending and returning from meetings of the council or any committee of the council or
General Meetings of the charitable company or in connection with the business of the charitable
company.
There were 6 council members acting for the charitable company during the year under review.
The council meet on a regular basis regarding the management of the charitable company and its
finances.
-2-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
THE TRUSTEES' REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(CONTINUED)
YEAR ENDED 31 MARCH 2025
4. General Information, Objects and Activities
Originally named "The Sunderland and Durham County Incorporated Royal Institution for the Blind",
the charitable company was established in 1877 and incorporated The Home Teaching Society
(1873). It has been registered in accordance with National Assistance Act 1948 and under the
Charities Act 1960.
On 18 October 1989 The Sunderland and North Durham Royal Society for the Blind was formed as
a company limited by guarantee. The charitable company also registered for charitable status with
the Charity Commission under number 702325.
The charitable company's objects are to promote the welfare of the blind and those substantially
and permanently impaired by defective vision, registered as such with their appropriate Local
Authority and residing in the City of Sunderland and the surrounding area.
In furtherance of the above objects but not further or otherwise the charitable company has the
following powers:
(a)
To manage and administer the funds of the society so as to maximise the use of all existing
and new investments and to receive all legacies and other contributions.
(b)
To disburse from these funds either capital or income, sums of money, or provide goods
or services in lieu, to individuals or groups of visually impaired for the alleviation of suffering,
distress or hardship and the provision of, or assistance towards, recreational and charitable
company facilities.
The council is actively looking at ways in which these benefits can be improved in forthcoming years.
Public Benefit Statement
The trustees have had regard to the Charities Commission guidance on their legal duty on public
benefit and are satisfied that the charitable company delivers public benefit, and due regard is paid
to the guidance on public benefit when deciding on what new projects the charitable company should
undertake.
General Review
The value of the charitable company's portfolio of investments has remained the same as the
previous year.
The income of the charitable company has decreased during the year by £59,638 and expenditure
has decreased by £1,286, which has produced a deficit of £49,467 compared to a surplus of £8,885
in the prior year.
Reserves Policy
The trustees have set a reserves policy which aims to maintain the general reserves at the equivalent
of a minimum of six months expenditure.
- 3-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
THE TRUSTEES' REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(CONTINUED)
YEAR ENDED 31 MARCH 2025
5. Achievements and Performance
Strenuous efforts continue to be made to ensure sufficient income is raised to continue to deliver
the many services that members rely on and to try to build up unrestricted reserves in line with the
Society's reserve's policy. The Trustees have agreed a plan to aim to raise the required amount
over the next three years.
During the year, the Society received two grants from Sunderland City Council's Links for Life
at Pallion.
The Royal Victoria Trust for the Blind donated a grant of £5,000, Persimmon Homes donated £3,000
and we received a legacy of £5,000.
The One Vision Project funded by the National Lottery Reaching Communities Fund entered its final
year. The project has proved to be a great success with many more people receiving help and
support over it's lifetime. Over 1,000 home visits have been made to date to assist people with IT,
hundreds of people have been supported through our counselling service and members concerned
by potential safeguarding issues have been given support. New funding streams are being sought
to ensure the IT training can continue once the Lottery funding has ended.
The final payment from the National Lottery's Know Your Own Neighbourhood Fund has been
received. The funds enabled the Society to set up new support groups throughout County Durham
and hold a series of Living with sight-loss courses.
A grant from Sunderland City Council's Community Asset Fund has enabled the Society to install a
new kitchen and boiler in our Houghton le Spring Centre. The Centre is gaining bookings for its use,
which will begin to produce a welcome income stream.
The Contract to deliver services for visually impaired people living in County Durham was extended
until March 2026 when it will go out to tender. The contract is valued at over £40,000 per year and
pays to provide advice on welfare benefits, housing, IT, counselling, social events and Living with
Sight Loss courses. Following the resignation of Fiona Ferguson, Joanne Peverlly was appointed
as Community Sight Support Officer and commenced her employment in early April.
Discussions with representatives from Sunderland City Council resulted in an increase in the
mount the Society is paid for delivering the Rehabilitation work we undertake on the Council!
behalf. Referrals for both sight loss and hearing loss rehabilitation continue to be received at a hig!
rate and keep our staff busy. During the year, Julie Anderson successfully completed her Vision
Rehabilitation apprenticeship and is now a fully qualified Vision Rehabilitation Specialist. Dale
Burns-Maddison has now successfully completed year one of his apprenticeship and we look
forward to him qualifying early in 2026. We are very fortunate to have Ken Slowther as our Hearing
Loss Rehabilitation Specialist.
A Rent Review of our office in Pallion took piace during the year. We were extremely relieved to find
that no increase was recommended.
The Society began offering regular exercise classes for members provided by Future Health
Northeast. These have proved to be extremely popular, and regular participants report feeling much
fitter for taking part.
A new digital telephone system was installed during the year and a new fire alarm system was
installed by Cloudcom Technology. Dale Burns-Maddison became our official Fire Marshal.
-4-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
THE TRUSTEES' REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(CONTINUED)
YEAR ENDED 31 MARCH 2025
Advice on fire safety measures was
provided by Gordon Chalk (a Red Cross advisor). He
recommended that the five fire doors within the hallway at 53, St Luke's Terrace be fitted with self-
closing arms. This work was completed and funded through a Community Chest grant. An
application has been submitted to the City Council's Neighbourhood Scheme to cover the cost of a
fire door and disabled access through the kitchen.
Early preparation for the Society's 150th anniversary in 2027 has commenced.
The Trustees wish to record their thanks to all staff and volunteers who have worked tirelessly
throughout the year.
- 5-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
THE TRUSTEES' REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(CONTINUED)
YEAR ENDED 31 MARCH 2025
6. Financial Review
The charitable company had total reserves of £163,777 at the year end.
The charity has restricted reserves of £17,405 and no free reserves. The trustees are confident that
the shortfall in reserves can be reversed in the forthcoming years as activities of the charity return to
pre pandemic levels.
1. Statement of the Council's Responsibilities
Company Law requires the council to prepare financial statements for each financial year, which give
a true and fair view of the state of the affairs of the charitable company and of the surplus or deficit
of the charitable company for that period. In preparing these financial statements, the council is
required to:
• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• follow the recommendations of the Charity Commission and of the accounting profession with
regard to the form and content of the financial statements and to disclose and explain any
departures therefrom; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The council is responsible for keeping proper accounting records, which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
8. Risk Assessment
The council has considered any risks to which the charitable company might be exposed and is
satisfied that the administrative, investment and financial procedures which are in place minimise the
risk of any loss to the charitable company.
9. Exemption Statement
These financial statements have been prepared in accordance with the special provisions of Part 15
of the Companies Act 2006 relating to small companies.
Signed on behalf of the Council
2 Soun
Mrs. L. Scanlan
Chair
• Date: 25.11•25
- 6-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR THE BLIND
(LIMITED BY GUARANTEE)
I report on the financial statements for the year ended 31 March 2025, which comprise the statement of
financial activities, balance sheet and the related notes, including a summary of significant accounting
policies.
Respective responsibilities of trustees and examiner
The members are responsible for the preparation of the financial statements and consider that an audit is
not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an
independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to:
• examine the accounts under section 145 of the Charities Act;
• to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the Charities Act; and
• to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts, and seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit and consequently no opinion
is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters
set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention to indicate that:
accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
• the accounts do not accord with such records
• where accounts are prepared on an accruals basis, whether they fail to comply with relevant
accounting requirements under section 396 of the Companies Act 2006, or are not consistent with
the Charities SORP (FRS102)
•
any matter which the examiner believes should be drawn to the attention of the reader to gain a
proper understanding of the accounts.
Paul Nabad o
Paul Newbold BFP FCA
Torgersens
Chartered Accountants
East Suite, Ground Floor
Avalon House
Sunderland
SR5 3XJ
Date: 25.11.25
- 7-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR THE
BLIND (LIMITED BY GUARANTEE)
UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
Note
Funds
Funds
Income and endowments
Donations and legacies
Other trading activities
Investment income
Income from charitable activities
6
7
8
Total Income
11,477
6,013
38
146,261
17,200
180,989
Expenditure
Expenditure on raising funds
Expenditure on charitable activities
Total expenditure
9
17,646
213,476
231,122
Net (Gain)/Loss on investments
13
:
35,005
-
35,005
34,339
34,339
Total
2025
11,477
6,013
38
181,266
17,200
215,994
17,646
247,815
265,461
Total
2024
€
71,610
2,931
190,017
11,081
275,632
18,118
248,629
266,747
Net Income
Transfers between Funds
Net Movement in Funds
Total funds brought forward at 1 April 2024
Total funds carried forward at 31 March
2025
(50,133)
22,778
(27,355)
173,727
666
(22,778)
(22,112)
39,517
(49,467)
8,885
-
(49,467)
213,244
8,885
204,359
146,372
17,405
163,777
213,244
The charitable company has no recognised gains or losses other than the results for the year as set out
above.
All operations are classed as continuing.
The notes on pages 9 to 19 form part of these financial statements.
- 8-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
Note
Fixed Assets
Tangible fixed assets
Investments
Current Assets
Stocks
Debtors
Investments- deposits
Cash at bank
Cash in hand
Creditors: amounts falling due
within one year
Net Current Liabilities
Net (Liabilities)/Assets
Funds of the Charity
Unrestricted funds
Restricted funds
Total Funds
2025
€
227,613
326
227,939
18
1,561
42,550
297
929
45,338
(109,500)
19
20
(64,162)
163,777
146,372
17,405
163,777
2024
220,695
322
221,017
1,144
85,178
172
86,834
(94,607)
(7,773)
213,244
173,727
39,517
213,244
For the financial year in question the company was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject
to the small companies' regime.
These financial statements were approved by the councit on 25.1|:25
and are signed on
their behalf by:
ASook
..... Chair
Ars. L. Scanla
Company Registration No: 02433540
The notes on pages 9 to 19 form part of these financial statements.
- 9-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1.
2.
3.
General information
The charity is registered in England and Wales and is incorporated. The address of the principal
office is 53 St Lukes Terrace, Pallion, Sunderland SR4 GNF.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting
Standard applicable in the UK and the Republic of Ireland', the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with th
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charitie:
SORP (FRS 102)) and the Charities Act 2011.
Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, as modified by
the inclusion of investments at market value and in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities in accordance with FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland", and the Charities Act
2011.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements of the charity have been prepared on a going concern basis despite the
fact that the charity had net current liabilities of £64,162 and was dependant on the continuing
support of creditors. The trustees are confident that contracted service income and grant funding
nor, The rises are conte
obtained for the forthcoming periods will enable the charity to continue its operations.
Incoming resources
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donations and grants are recognised when the Trust has been notified in writing of both the amount
and settlement date. In the event that a donation is subject to conditions that require a level of
performance before the charity is entitled to the funds, the income is deferred and not recognised
until either those conditions are fully met, or the fulfilment of those conditions is wholly within the
control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Other trading activities relates to miscellaneous income such as from room hire and fundraising
income.
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Dividends are included in the Statement of Financial Activities when they are declared, at an
amount which includes appropriate transitional relief.
- 10 -

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
3.
Accounting Policies (continued)
Resources expended
All expenditure is included on an accruals basis and is recognised when there is a legal or
constructive obligation to pay for expenditure. All costs have been directly attributed to one o
he functional categories of resources expended in the Statement of Financial Activities
Taxation
Due to the company's charitable operations no corporation tax is payable on the results for the
year.
Tangible fixed assets
All fixed assets are included at cost. These are capitalised if they can be used for more than one
year and cost at least £500.
Depreciation
Depreciation is calculated to write down the cost, less estimated residual value of all tangible fixed
assets, other than freehold land, over their expected useful lives. The rates generally applicable
are:
Freehold Property
Office equipment
Office furniture
Computer web design
Fixtures and fittings
2% straight line
20% straight line
10% straight line
33.3% straight line
10% straight line
Fixed Asset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured by their fair value as at the balance sheet date using the closing
quoted market price.
The charity does not acquire put options, derivatives or other complex financial instruments.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised
gains and losses on investments are calculated as the difference between sales proceeds and
their opening carrying value or their purchase value if acquired subsequent to the first day of the
Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is computed on a first in, first
out basis.
Net realisable value is based on estimated selling price less the estimated cost of
disposal.
- 11-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
3.
Accounting Policies (continued)
Operating Lease Agreements
Lease payments are recognised as an expense over the lease term on a straight line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term
on a straight-line basis.
Funds Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the
general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through
the terms of an appeal.
Financial Instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or
equity instruments, according to the substance of the contractual arrangement.
An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as a finance cost in
profit or loss in the period in which it arises.
Operating Lease Agreements
Lease payments are recognised as an expense over the lease term on a straight line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term
on a straight-line basis.
- 12-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
4. Donations and legacies
Membership income
Anton Jeurgon Charitable Trus
ther donations receive
MurSLoved Charitable Giving
Edna Dobie
CAF
PEgdell
Leslie Butler
Hylton Blind Society
P Richardson
Visionaid Tech Ltd
Collection towards training kitchen
Roseline Foundation
TA Webb
Donation in memory of Mrs E Royal
S Dennis donations in lieu of flowers
Hadrian Trust
JH Burn Charity Trust
Lorraine Taylor donation via D Ridley
Seaburn Rotary Club
E Dobie in lieu of flowers
Ashley Sutherland
Collection Boxes
Legacies
JE Martin
Mrs Geraldine Tasker
Mr Anthony Turner
Unrestricted Restricted
Funds
Funds
2,162
5,000
3,870
297
200
119
100
100
100
2,400
(8,500)
Total
2025
2,162
5,000
3,870
297
200
119
100
100
100
2,400
(8,500)
Total
2024
€
1,595
1,736
:
1,195
(2,075)
50
14,042
500
127
200
119
1,000
500
121
5,000
125
330
351
102
46,592
71,610
5.
5,000
629
11,477
-
5,000
629
11,477
In the previous year unrestricted income was £57,568 and restricted income was £14,042.
Other trading activities
Fundraising events
Unrestricted
Restricted
Funds
Funds
6,013
6,013
Total
2025
6,013
6,013
Total
2024
2,931
2,931
All income in the previous year was unrestricted
- 13-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
6. Income from investments
Dividends - equities
Bank interest
Unrestricted
Restricted
Funds
Funds
4
34
38
All income received in the previous year was unrestricted.
7. Income from charitable activities
Total
2025
34
38
Resource Centre income
Rehabilitation services for beneficiaries
Service delivery in County Durham
Grants for specific activities
Royal Victoria Trust
Barbour Foundation
The Morrisons Foundation
Persimmon Homes
National Lottery
Less due to Hartlepool Vision
Less due to Newcastle Vision
Sunderland City Council
Catherine Cookson
Community Foundation
Hadrian Trust
Pocklington Trust
Pocklington Trust - Final payment to
Hartlepool Vision
Unrestricted Restricted
Funds
Funds
€
2,448
41,422
49,495
4 ...
5,000
5,000
5,340
3,000
15,000
-
21,556
105,015
(35,005)
(35,005)
Total
2025
€
2,448
41,422
49,495
5,000
5,000
5,340
3,000
120,015
(35,005)
(35,005)
21,556
:
:
(2,000)
(2,000)
146,261
35,005
181,266
In the previous year unrestricted income was £143,417 and restricted income was £46,600.
8.
Other Income
Unrestricted
Restricted
Funds
Funds
Sundry income
Rental income
2,000
15,200
-
17,200
All income received in the previous year was unrestricted.
Total
2025
2,000
15,200
17,200
Total
2024
7
Total
2024
2,093
36,220
40,416
:
135,268
(35,084)
(35,084)
23,188
1,000
15,000
1,000
6,000
190,017
Total
2024
431
10,650
11,081
- 14-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
9. Expenditure on raising funds
Unrestricted
Restricted
Funds
Funds
€
Fundraising staff costs
17,646
17,646
All expenditure in the previous year was unrestricted.
10. Expenditure on charitable activities
Unrestricted Restricted
Funds
Funds
Charitable activities
Services and support to beneficiaries
Resource Centre costs
Development of service costs
Staff travel expenses
Volunteer expenses
ight loss rehab staff cost
undry charitable expense
1,924
52,291
3,635
1,069
59,646
10,571
46
2,677
420
18,203
3,333
Total
2025
17,646
17,646
Total
2025
1,970
52,291
6,312
1,489
77,849
13,904
Total
2024
18,118
18,118
Total
2024
2,255
51,040
8,543
453
82,250
11,914
156,455
Management and administration of
charity
Staff costs
Rent
Rates and water
Light and heat
Insurance
Repairs and maintenance
Telephone and postage
Printing and stationery
Computer costs
Staff training
Sundry expenses
Subscriptions
Legal and professional fee
Accountancy fees
Depreciation
Bank charges
Interest payable and similar charges
Interest on late payment of PAYE
17,708
25,000
1,632
4,000
5,000
21,708
30,000
1,632
5,430
5,430
2,305
1,842
6,297
:
2,305
1,842
6,297
2,834
2,834
2,310
1,081
1,230
183
:
2,970
1,081
1,230
183
709
-
709
3,012
3,012
10,162
-
10,162
317
317
139
139
2,149
2,149
213,476
34,339
247,815
23,009
30,000
1,375
4,036
2,454
1,285
5,807
2,526
4,559
889
923
1,576
2,896
7,975
30
1,507
1,327
248,629
In the previous year unrestricted expenditure was £217,709 and restricted expenditure was
£30,920.
- 15-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
11. Staff costs
The cost of employing staff
Wages and salaries
Social Security costs
Pension costs
Total
2025
158,195
3.433
169,370
Total
2024
162,264
7,135
4,468
173,867
The average number of staff during the year amounted to 8 (2024: 8).
No employee received more than £60,000 during the year.
12. Trustee remuneration and the cost of key management personnel
The trustees received no remuneration or expenses during the current and previous year.
The total employee benefits of the key management personnel of the charity were £43,802
(2024: £43,921).
13. Realised Gains & losses on investment assets
2025
-
2024
-
Gains/(losses) on Sale/Reorganisation of investments
14. Tangible Assets
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Office
Freehold
Computer Fixtures and equipment &
Property Web Design
fittings
furniture
220,000
220,000
4,400
4,400
8,800
211,200
215,600
22,331
22,331
18,488
3,839
22327
4
3,843
1,280
17,080
18,360
768
1,365
2,133
16,227
512
58,043
58,043
57,303
558
57,861
182
740
Total
301,654
17,080
318,734
80,959
10,162
91,121
227,613
220,695
- 16 -

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
15. Investments
Quoted UK investments
Market value
At 1 April 2024
Additions to investments at cost
Disposals
Gain/(loss) on revaluation
At 31 March 2025
2024
€
322
2024
322
:
322
2024
Historical cost at 31 March 2025
UK listed investments are represented by:
Investment trusts and unit trusts
326
2025
408
2025
326
408
2024
322
The following investments individually make up more than 5% of the market value of total
investments:
Aviva Investors Property Feeder Inc Fund Class 2
326
322
16. Debtors
Other debtors and prepayments
2025
42,550
42,550
2024
85,178
85,178
17. Investments - Deposits
Barclays Business Base Rate Tracker
2025
1
2024
- 17-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
18. Creditors: amounts falling due within one year
Other taxes and social security
Other creditors
Pensions
37,790
60,090
11,620
109,500
19. Unrestricted reserves
2024
16,426
68,319
9,862
94,607
Balance
31.03.25
General funds
Accumulated surplus
Total unrestricted funds
General funds
Accumulated surplus
Total unrestricted funds
Balance Incoming Outgoing
01.04.24 Resources
Resources
Transfers
173,727
173,727
180,989
180,989
Balance
Incoming
01.04.23 Resources
186,564
186,564
214,990
214,990
(231,122)
(231,122)
22,778
22,778
Outgoing
Resources
Transfers
(235,827)
(235,827)
8,000
8,000
146,372
146,372
Balance
31.03.24
173,727
173,727
The Accumulated Surplus is available for the charitable company to use for the purposes of the
charitable company without restriction. The transfer represents an element of restricted income
which could be used for general purposes.
- 18 -

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
20. Restricted reserves
Balance Incoming
Outgoing
01.04.24 Resources Resources
Restricted reserves
Equipment purchases
Event Activities
National lottery
Total unrestricted funds
27,354
1,185
10,978
39,517
35.005
35,005
(34,339)
(34,339)
Transfers
(11,800)
(10,978)
(22,778)
Balance
31.03.25
15,554
1,185
666
17,405
Balance Incoming
01.04.23 Resources
Transfers
Restricted reserves
Equipment purchases
Event Activities
National lottery
Total unrestricted funds
5,812
1,185
10,798
17,795
21,542
39,100
60,642
1009201
(30,920)
:
(8,000)
(8,000)
Balance
31.03.24
27,354
1,185
10,798
39,517
Equipment purchases
are grants
and donations received from The National Lottery,
Independence at Home, The Royal Victoria Trust, Sunderland City Council, The Barbour
Foundation and a crowdfunding campaign towards the purchase of equipment for beneficiaries.
Event activities represents amounts for the provision of sporting activities to members. There
were no income, expenditure or transfers on this reserve during the year.
National Lottery Community Funding was obtained during the year to support the operations of
the charity. The transfer to general reserves represents the contribution towards management
costs available under the grant.
A number of grants contained elements which could be used towards the general purposes of the
charity and these have been transferred to general reserves.
21. Commitments under Operating Leases
The total future minimum lease payments payable under non-cancellable operating leases are as
follows:
Operating leases which expire:
Within 1 year
Within 2 to 5 years
After more than 5 years
2025
€
30,955
120,478
120,000
271,433
2024
30,955
121,433
150,000
302,388
22. Related Party Transactions
During the year there were advances on loans from certain employees of £2,875 (2024: £19,226)
and amounts repaid by the charity of £14,157 (2024: £9,608). The amount due to the employees
at the year end was £42,447 (2024; £53,729).
- 19 -

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR
THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
22. Related Party Transactions (continued)
Juring the year amounts of Enil (2024: £5,000) were repaid to a trustee. The balance due to th
rustee at the vear end was £nil (2024: £nil)
- 20 -

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR THE BLIND (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
23. Analysis of net assets
Restricted
Income Fund
Restricted
Income Fund
Unrestricted
Income Fund
Balance at
31.03.25
Unrestricted
Income Fund
Balance at
31.03.24
Tangible fixed assets
Investments
Current assets
Current liabilities
Total unrestricted funds
227,613
326
27,933
(109,500)
146,372
17,405
17,405
227,613
326
45,338
(109,500)
163,777
220,695
322
47,317
(94,607)
173,727
39,517
39,517
220,695
322
86,834
(94,607)
213,244
- 21-

THE SUNDERLAND AND NORTH DURHAM ROYAL SOCIETY FOR THE BLIND (LIMITED BY GUARANTEE)
SCHEDULE OF INVESTMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment Trusts
Aviva Property Feeder Inc Fund Class 2 Income Units
Total unrestricted funds
Costat Purchased
01.04.24 during year
Disposed
of during Profit/ (loss)
year on Disposal
Cost @
31.03.25
408
408
408
408
Market
Market
value at
value at
31.03.25
31.03.24
326
326
322
322
- 22 -