Compani tegistrdliun number. SC20iO(>4 Charirn. registrdiion nutnbtr.. SCOOI 152 VisionPK • • • Your local slght & hearlng10ss charlty Perth and Kinross Society for the Blind IA ¢omp#n%" limilLd b) $uardni¢¢ R¢port and I"irtJn¢ial Stsicm¢nts for the Year b.tMled 30 Ntsi"ember 2025
Perth and Kinross So¢iety, for the Blind Contents Reference and AdminisirdlLI'e Details Trubttts. Report 2to9 Indenden( Examinerfs Report 10 SLqiemtni ot'Financial ACtilI1¢S Balance Sh¢¢t Nol¢s la th¢ Trinancial Siat¢m¢nts 141029
Perth and Kinross So¢iety, for the Blind Reference alld Administralive Details ChArity name P¢rth and kinT0_5 8oci¢ii' for lh¢ Blind Ioperaiing as VisionPKI Company Registraiion Number SC20ilKM Charity Rtgi$trAtion Number SC(Kbl 152 Trusttes Ileena R&%hk¢s Al¥xttnd¥i P¥•rsoii C'lare"lThomas D4vid Willis Al¢Mnd¢r Chart Siei'en'Thomson Jinna Cil¢n Cjarry Rii¢hi¢ Secrttary kshie Charles Prin¢ip*l O(fi¢¢ 17-IY (ILof8L' %irLet Indtpendent txamlntr NLil Nqiiffis1)n CA 5 W'hiiifriars Crnsccnl 1>112 OPA Treasurer M4Trrri% & Yciun8 Chan¢red Accoun1$ 6 Aihi)11 C'rL%¢¢ni Page I
Perth and Kinross So¢iety, for the Blind Trustees. Report Th¢ Iru%t¢¢K who ar¢ dir¢Clu fur th¢ purpo%¢% uf co[nP4I laii". pits¢ni th¢ annual r¢txirt logeth¢r with th¢ financial lalL'tnLnls uf IhL Lh1[able Lottipani. fur the ).< ended 30 Nui"etnbe[ ?025. Trustees -rhL.friiStLL i¥ho gL'rwLd during the lear LmdLbd 30 NoiLmiber 2025 %4"ere- Dr Beena R4gschkes Alixand¢r p¢on Clare Thom&8 AILxandLr Chan Si¢en'[ho1nS0t) lappoinith 17 March 20251 lappoinied 17 Nlareh 20?51 lappvini¢d 17 MaTLh 2025 and r¢¥i8rd 12 Augusl •0251 Ir¢si8n¢d 13 lanuar). 20231 Jenna (ilLn C'harl(Ill¥ Ciunnion Alannah Il¢nn¢&8 Th¥ fi)Ilc)Ming Trust¥¥ appoini¢d aft¢r lh¥ Irar ¢nd'. Ciarr> RiiLhiL lappoiniLxl 10 tkimbL'r 20251 Strue¢ur¢, Governan< And Mn8emeni 'I'hL Lhariiv 1% c()n%litulLd L% a CmwJn%. l.imii¢d b! Ciu#r•ni¢¢ )d 1$ 80viM b%" its Artirlis of Asorisiion. lth¢ ¢QTnpJn is rL'LI)gni%L'd hi. I IM RL¥ILnuL & C'ii%li?m% &$ ll Lharil%". 'IThL' compan)" r¢81slI0n numberond 4¢oiii%h Llidriifv NuinhLr ar¥ li%lL'd lin IhL iiili and rilifL'nLL' l admini4iraiivi dLLLiI% pd8L. 'I'hL Lharit) tru%lLL% arL ali(1 dirL'£IDrs for th¢ pu5¢S0r compan>" law. lknse who %¢rntd durin8 th¢ jear ar¢ d¥4ailLd (>n ih¢ rL'IL'fL'nLL' dnd admini%iralllL' dLlai1s pa8¢. 'I'he Iloard'fj gfjwemance arrongetrnis intlude a Finan¢¢ #nd Cienerdl I)ur>s Commiii¢e ¢ompri%in8 four to six memher8 i?f IhL' 14()ard. The sdltir1L of ke%. mdndgemeThi rthonnel are rei'iewtd bi. the TnLsieeson an annual blsis. Governing Document -I'hL L()mpdnJ i?PLratL'% Urtder d MLmnrnrtdum dnd.4rtiLle% of which defLthe IL% purp()ic. pi?wer%. and gi?ILrnthLe. In IhL IVLni uf Windin up. memk'rs liabiliii is limiied Iv £1. The ArtiLle5 were las1 ended in April 2014 lu mudLrnise OVLmLlnLL and iXILnd slri iLLs 10 all m50t7. impairLxl indii"idualk noijusr thosL iiiih %isual impairnieni. Recruitment and Appointment of Directors The Lumpdnv's direLlors s¥r¥e as Lhdrii)" Iru51¢¢s uThderLhaTili" laii". In aLLurddtice with the ArtiLle5 ufAssuLlatiun. Ihe%' arL LIL*lid bv mLmbLts ai IhL .ffjnnual GLnLrdl NILLling iiiih onL-Ihird rLiiring b! Lach i"ear. Ihough LligiblL for rL-LILLlion. ThL ChairpLrson is elLLILd attrtualli bi ihE Board aftcr ihi AGNI. The ArtLLIL sialL Ihai. hr rLasonabl praciii8blL. half of Ihl Icn LILYiL dirLxior positions should k. held M indiiiduals lIh a scnsorn imp8irniLni. The board y also LoPl UP 10 thriL addiiiond dirLLiors. ThL Chief ExLLUIiiL oifiLLr. yhilL ser%ing as Compan! S¢crLiarn. is noi PLmiiItL io bL a dirLxior und¢r the Articl¢ Page 2
Perth and Kinross So¢iety, for the Blind
Trustees. Report
Trustee Induetion and Training
As pdrt of ihLir induLliort. dll direLlOfS receiie an Infom110 (kxailing the responsibilities of chariN irustees. Iht role
of board membtrs. the objects and work of (he organisaiion artd ihtir finanLial resw>nsibiliiies.
Two TrusiLts stood doi¥n ai IhL Annual GLnLrdl MLLling in Augu 2025. Both reappoinied.
Diiring iht reporting ptriod. C harloiit Gunnion resigned from htr pos11ion as Truste¢. The Board of Tru¢t5 ihanks her for
her contribution and commiim¢ni VisionPK during hu lime in po.
We were deli¥ihied to welcome GarTh RilLhie 10 Ihe Board of TrteS in ?025. We look form'ard 10 bentfiiing from iht
knoi%lLdgL. LipLri¢rtiL' and ¢nihusiasm h¢ brings in supwrting VisiothPK's Inission and fulur¢ d¢v¢lopm¢ni.
loking g Differente
VisiÉ)nPK's aim is 10 proiidL a high-quali.. specialist s¢nsor)' supwn ser¥ice for pL'opIL agLd 16 and oi'Lr in PLnli and
kinri1$ who have %ighi andli)r hearing 1055. as well as iheir families and carus. lThrough ouicome-locu%ed ass¢Ksmeiil.
c11)rk und iailiirLd %uppcirL IhL SLfi'icL hLlp indii'idual% idiniiti. ii'hai illaiiLf% i(1 IlILiii and 1)rK.% along%idL thim li)
LhiLkl thlir (IUlLI)tnL%. 11!. lnirVLTh1Dg Larl>' )41b]i in PLopIL s Sen. li)55 jUUrni}.4.
Vi%ii>nl)K lil impri)i'L qiialii). of life. indirn(nl¢ ar u'ellbein& 'hIle recogni%ing IhL diffkring nL.4 L)r PLI)pIL al
illirLnl 111. lifl. Il%ing Ihl Nkill% of qualifild wprrt)rt 4Ln¢J rLhJbiliuiiim 4wII' Vi%ionl>K dLlivLri rKr%i)n-LLiiifLd
4upp<iri. prULlil1J udviil. Lmi)lii)nul wpport and iquipmini wluiii)Dx pr()mi)iing in4Jir&ndiThiL. inLlu%ii)ii und parilLIpI1(jn
in L
Perth and Kinross So¢iety, for the Blind
Trustees. Report
Vi_%ii)nPK ¢()nlinu¢4 til rnak¢ a signifjcanl dill¢r¢nL¢ to th¢ liirs of p¢opl¢ agd 16+ in P¢rth and KinTI)ss w'hu aT¢ living with
i¥hi lus hLarin¥ Iuss. ur d[ itnP
Perth and Kinross So¢iety, for the Blind
Trustees. Report
Delivering Impact
Vi5ionPk LontlrtuL 10 dcliiLY strong, measurdblL l)iJlei)mL aligned with national and local straicgic prioriiics. including ih
Scottish GovLmmeni-s See IleorStraieD'.
Independente And Safety
810/0 ofsurveN'ed seThi
Perth and Kinross So¢iety, for the Blind Trustees. Report VisionPK E4rty lrterventloft- & H••rl Thiiiwi¥14J• Servlce User Fttdbck %LrviLL' uxL'r leedbaLk LoniinuLS io demonsiraiL stron8 saiisfadion and posiiii'L ouicr¥me5. QuAntitAtiTre Feedbark 46 LarL ML&iiN rniums an aiLTdg¢ of48150. 7W/o ol'r¢spiind¥ni% r¢port¢d improv¢d und¢rslanding aThJ manag¢m¢ni of Ih¢ir 5¢nson.1055. 83Q/o riportl impri)wid abilii). 10 manage dail%" kS safel)" arwj inderndenils. 67Q/o rnPOrt¢d improvld ofaknisiiv¢ Icchnolo&i'. 7?rt/n r¥pl1rtK improv¢d ¢moiiMal w"¢llb¢ing. Qualilalive Ftedbwck S¢Tri£¢ u5¢r5 consi51¢nilN highlighi itnprown¢nis in ind¢p¢nd¢nc& confid¢nc¢. and quality. of lif¢'. '] am using ihe ¢quipin¢nl in ihe kiich¢n and can no prqMr¢ a meal rn&self.- "I fkxl mor¢ confid¢nl wh¢n l am in a bu. p13tt now"_ 'The hedring dewiL¥ IS life Lhatlgirt l Lath hearLYpnvetsYiitins all otrer the n)om.' "The rlhab worker changed m) lif¢ iihen she shoM'¢d me ihe inagnifier. Page 6
Perth and Kinross So¢iety, for the Blind Trustees. Report Our Priorities SirLngihin finanLial sUaInabIlIti' and increast itmE gei)erdiion. M'iih coniinued focus on reducing ihi deficii. Relr¢sh and implemtni a dl'namic lundrnising sirakg)., including grOth in cominuniti. tuiidraisiii& legacy Iiiiome. and th¢ d¢b¢lopm¢ni ofn¢w incoille sireatns. D¢N¢liip %lrat¢gir Lurpt)r41¢ parin¢rxhips lo ¢ThhJt¢ financial supwrL rJis¢ awar¢n¢ss. and build lung.I¢Tlll ENpand oiir health and ii'ellking offer b). d't10p]ng M&in8fiJl aciiviiits thai improve the qu81iry' of life for pLpIL 1th sensorn Ioss. C'()nlinu¢ l(1 grow our kfriending.q¢ryice lo reduce iwlalion and pro¥ide ongoing ¢moiii)nal %uppÉirt. D¥i¢lup trn¥thn partn¥rships Jthd Loll#lNJralii¥ working across thi ¥'¢iur wiihirt lu¢al ¢ommunili4$. C'oniiniie de%elopin8 hearing loss sUprt Ihrough Ihe Sen50n' I lub and in Iht Mider communiii. l..xpliir¢ and implemeni emotional and psiyhological suptrf>rt smices for individuals with lo%% thTuughout ITrLrih and Kinri)K%. ]nir¥ rilKrr41y. with a ¢ortlinu¢d f&us on pro'¢rtlion Jrtd ¢8rl!' ini¢rv¢niion. InLfiaSL' IC)liiniiLr niiinbLN Miih sNific Lffons 10 recruii i'olunlLYrs Ii'hi) lia¥e lived experiLncL ofsL'nsory loss. Muki a illar. %traiLgiL dLcision atM)ui IhL long-ILnn fuiuTL ()r(IUT in¥L%unini PTI)tKYi%'. Fihineiil Ovtryiew l)IiriiibY Ihi.% lin4ini¢al PLTiod. Vi.%ionPK g¢n¢rnt¢d an income of £470.193. repre¥¢nling an IV• Incri&%L i)n Ihi prLiii)u% pLrii)d. l>iir largtLs1 singlL si>urLL (if inLI)mL rLmain( 4)UT lon1 14.ith PLmh an¢J Kiiiri)%% IIL4LIth and %(Kiul Carl l>aniiLr%liip lÉ>r Illl dLlii'Lr) i>fuur spLiiulis1 sLnboTJ sin'iils. Wi arL diLpl> grnlLI'ul liir thi dcil14llll)fL inci)Th frum fundrnisiiig iL[b and groni.% 14'L fLIiivLd Ihri)ughiiui Ihl LaT. IIILILiditi¥ 111 iiinirihulii)ns from %mallcT and local Injsts. -lThix funds havL d¢NLIl) Inablid us lu Li)iiiinuL diliiiriiig 1%sLntial iiTViLiS and actili1S for FKopIL in Pirth and kinross I11n8 with sighi andlor hiaring loss. Qur i()ial expLndiiiirL' for ihL' pLrii>d £530.tAM. ILadin8 10 a deficii of£60.411. Vi5ionPK 5 r¢5¢rn¢5 compri5¢ prop¢rly and ¢quipm¢nl %?lu¢d at f 323.8H. oih¢r ass¢1& Such as cash in th¢ bank. slocks and d¥bii)rb lolall¢d £IU2.927 mithus liabiliti¢s Irai'e r¢s¢rY ol'f361.504. Our li)miir protKrt> ai Sl l.ionaAI s Bank coniinuts 10 be held as an invem¢ni ass¢L generdling an annual incomi or £37.250. whiih is uslxl lo hilp fund ilL dLlii'ir%'. Wi Miiiild like 10 extend our heanfeli thanks ii) all ihe supporters have coniribuiLyl li) Vi%ii)nPK thi% Near. Your gLnLriiiilN hL'Ln in%tTumLnknl in Lnablin8 US tn gTOW. %1rL'rt8ilK'n. and adapi our ice% lo i)dlLT MLLI IIIL. nLLd% nf PLÉ?ple i%'iih .%¢'nil)n implirMen1% aLri15 l>¢rth dnd Kinn)%%. Becau ()r l.vur suprL M"e IE been ahle li? enhance ()ur faLililie Lxpand vur redLh. Lontinue d¢liiering Ihe iat¢. oppuNunilie5. Lommunili" CUrtrteLXiun Ihal eveThone d¥ser%'e5. Page 7
Perth and Kinross So¢iety, for the Blind Trustees. Report Reserves Poliey The IrLJSttes hai't agrttd thai the Lqrgei l¢i'el of restrn.ts should b¢ equii'aleni 10 Ihree Inonihs of nonnal operating expenditure. calculaied alltr excluding iht ialue ot'propeni and invesinieni assets from iotal lunds. RLsLfsLS afL' [llLLd on an ongoithg basi5 10 LtisufL' ihe OTgan15alion maintains a prudLnl and susiainable financial Posilion. ThL Ifus1iLS figularltr assess ihi balarteL held in all futhds 10 diierniint Mhiiher IhL! arc likili io . Tiquifid in ihe near itrm. Wh¥r¢ n(1 itnm¢di<ll¢ (Ir %p¢LilJc L¢iJntniimLni% ar¢ identified. th¢ tyw%i¢¢% ii'ill wek 10 all<Kat¢ %ury)lu4 fund% l(} appr(ipriale pri)jLLl% i)r iniiiatiNi4 ih41 %UPPL)n Vi51l)nlJk'% obj¥xiii'¥% and IK'Th¥fii lh¥ F&Y)pIL Th¢. Externgl ExAmithers -I'h¥ aiiiiiinl_% LK'¥n pr4parid in a¢(rdaL¢ with IK. aL4iMiniing poli¥iLs roinpl). with th¢ ihaTily s gov¥rning IILum¥nl. thi Li)Tnpuni&% Act 21K)6 and thi StaJn¢nl of RicoTrurdd Prdclic¢. 'Acu)unting lind RLp()rting bj Charitii lrLh 2005. ¥Xiiininatii)n i)r lh¥ iiLLciunls uf whiLh Ihl ¥xl4rnal i¥amin¢r is uthJivJr¥. 'lTh¥i' hJi'¢ alsu Ihal Ih¥} kD all nLLi%*ur) Ilips 11) idinlilj. %ULh r&l¥vanl infonnalion and Iv Ihai thi ¥xl¥rnal 1% uwaN of il. 11 dLiidLd al IhL 2025 ACJM 10 rcaprrtTrini Al.$ Audit Scr¥ictS &$ CXlLrnal Lxamincrs i)f Ihc sociLI) % acc()unL% r(Ir ihL nLKI IinanLiul PLriud. I rii)iiri i%.'LS appri)ved ihLb irusiees ofihe charii). on ?0 Au8U%t 2026 and si8ned on IL% bLhall'bv.' l)r Illlna RasLhk¢ -1 nist¥%.ILhair Page 8
Perth and Kinross So¢iety, for the Blind
Trustees. Report
Statetnent of truste. responsibilities
Thi IruslLib li&ho arL albo ihi diriliors of Perth and Kinross Sociep. for ihe Blind for the puryM)ses of companv lawl are
responsible lor preparing th¢ Irusites, report and Ihe tinancial Slements in accordance wilh applicable law and Uniied
kingdom Accouniing Sthndards Iuniitd Kingdom G¢n¢rdlli A¢cepi¢d Accouniing Praciicel. including FRS 10? 'The
I'.inancial Reporting SIdard applicable in ihe UK al Republic ot'lreland".
C'()tnpunN la, r¢quir¢s lh¢ Iru%l¢¢s tib pr¢par¢ finlUli1l %laktn¢nL% f()r ¢ach financial i'¢ar. I Ind¢r COliiP<inN law the tru%1¢¢
tnu_41 ni)l
Perth and Kinross So¢iety, for the Blind
Independent Examiner's Report to the trustees of Perth and Kinross Society for the
Blind
I r¢pi)rt ()n th¢ dlcuunls uf th¢ clwtti fur th¢ y¢ar ¢nd¢d 30Nuv¢tThb¢T 2025 H'hich ar¢ sci out un pag¢s I 110 29.
Responsibilities and basis of report
'I'h¢ Irusi¢es [h0 ar¢ alw lh¢ direitor5 of Ihe compani. for the pur5¢$ of compan!. lawl are restMbnsibl¢ for the preparation
ol-the a¥c()uni% in a¥iordanL¢ Niih lh¢ i¢rms of Iht C'hariiie% and I rus¢ee In%'¢Nimeni l%cntlaiidl Aci 211115 aDd tliL C'hariiies
ALL(iunL% I%Lciildndi R¢guldliiin4 211()6 l&s atn¢nd¢di. lkn¢ %¢¥ con%id¢r tha¢ th¢ audii requir¢menl of R¢gulaiion l(11 I I lal
lo Icl of Ihl 21Mkn Accounis Regulations do¢8 noi appli..
It 1.4 tny r¢%pon%ibilily lu examin¢ th¢ accounL% r¢quiT¢d under %¢aion 144M11 Icl of th¢ Aci and to lal¢ wh¢theT PartiLular
trwii¥r% hav¢ cotn¢ Iv tny ull¢J)tion.
Basis of independent examiner's report
M). ¥xatninaiion is ¢JrriiJ out aLioid41nL¢ wilh R¢gulaiion I l orth¢ Chariii¢s ALcuynts' i%coilandl R¢¥ulaiii)n% ?006 las
utn¥nd¥dl An ¥xJtninJliLbll inLlud¥s <1 r¥1 ofihi J&Louniing h!. lh¥ ¢hJrii!' <tnd a LumpaTlsl)ll i)rth¥ 4¢¢1)unls
prL4LDiid I1th Ih<)iL rLji)rd%. li
4 C pl * v)
Perth and Kinross So¢iety, for the Blind (Registration number: SC205004) Balance Sheet as at 30 Iyovember 2025 30 Noiember 202.5 30 November 2024 Note Fixed 4ssetg Tangibli Iniesiments lincludirt8 Ini'esimeni Prorn)I 14 13.834 310.0(XI 12.884 310.0 3?3.¥34 Current Asstts 16 615 l)Lbiors C'(i%h ul bank in hand 17 1.097 911.839 13.272 156.974 102.927 170.861 Crtditors: Amounts fglling dt within one year 18 165.2571 166.A3111 Net current asjtts 37.6711 Total Assets less turrtnt liabilities 361.504 426.yl 5 I'rtdltors: Amounts fllln8 dtst After more th*h one ye&r 19 N¢¢ •M¢i$ 361.504 4?1.915 Fuhd$ of iht ¢hhrity: Restricted 2?.3PI 3.3R3 Unrestricted income funds 257.?16 346.894 71.638 TL)14?l UnrcslriciL funds 339.125 4111.532 Total funds 22 301.51>4 47l.y15 ThL nOlLs ort paELS 14 10 29 form art iniegrnl part of financial siatcmLnts. Page 12
Perth and Kinross So¢iety, for the Blind (Registration number: SC205004) Balance Sheet as at 30 Iyovember 2025 FUT th¢ finlia[ v¢ar ¢nding 30 No1¢b¢r 202) th¢ rharih. ¢niiil¢d io ¢x¢tThption fro]n audit und¢T S¢Ction 477 of th¢ Cutnpanies ALI 2006 relJlinB to Luttipdniei. DiT¢Lturs' r¢¥punsibilili¢s'. The mtmbers haie noi required the <harii%' io obtain an audii of its accounts for the s'edr in que10 in accordance with seciion 476 of (he Companies Aci )006: and 'I'h¢ dirlclors acknowlidge th¢ir reO5)bIllI1 for compli'ing H'ith the requirements of ihe Aci with respect to accoulning rtcord4 and lh¢ pr¢paralioD of accounts. ThLsL finanLial siaiLm¥nts hav¢ b¢¢rt pr¢par¢d in 8¢¢ordatKx with Ih¢ SP¥¢ial provisions rel1th8 10 ¢ompani¢s subj4¢110 lh¢ ¥wll ¢UmpanI¢ r¥girn¥ Miihin Part 15 iJfih¥ Cump#ni¥s Ali 2(K)6. Th¥ finartLial Sidl¥m¥'rtls on pag¢s 1110 29 M'¢r¢ appwi'¢d by lh¢ trus% and auih0ri5¢d for issu¢ on 20 Augu 20?6 and l)r IILLna Rthsihkes ThL nOlLs ort paELS 14 10 29 form art iniegrnl part of financial siatcmLnts. Page 13
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 l Accounting policit Summary of significant accounting policies and ktv ac¢ouuting estimates -I'he prinLipal aLLC)Illilin¥ poliLI¢s i?pplied in Ilit pr¢pi?fiiion of Iheie liiiaiiLial siaitmenis are sd out belo. Thest polieits lia%'L hiLn LClllblS1inil% dppli¢d 10 all iht tars pr¢SlI¢d, nIt$s01h¢l siaied. BASIS of prepArtiot) -I'hL finJnLiJI SlalLrnLn1 hav¥ b¢'¥th pr¥parnxl in a¢¢ordath¢¥' "1th Alxuuniithg and R¥V)nlrtg Charili¢s.' SiaiLmLnl of RLLummLndLd PraLIICL appliLablL 10 ihariliLg pr¥pthring th¥ir d¢¢4)urtis in a¢¢ordttn¢¥ with IhL FintI#l RLPOrtirt8 Sitsndard uppli¥abl¥ in lh¥ IIK R¥publii of Ir¥land (FR8 1021 l&lTLxiii"¥ l JaThuJr)" 20191- IChJriti¥s %ORP IFRS 10211. Ih l.'inJnii#l R¥portin¥ sidar{l appli¢abl¥ ith lh¥ UK R¥publi¢ ofir¢land IFRS 102) and th¥ Compani¥s Act 21KK), IJLrih and Kirtro&g Sw'i¢i% for ihL Blind m¢d5 th¢ d¥finiiion of a publi¢ kn¢fii ¢niii! und¢r FRS 102. Ass¢ts and liabilili¢s ori initiall) COgnisd ui hior111 ¢vxl or IraJ)sa¢iivn valu¥ stst¢d in thi NI¢v( a¢¢ouniing policy Exemption from prtPAring a ¢sh now stattmeht -I'h¥ ¥hiirill l)Pl¢d Iii a(ILlPI Aull¢iin I publish¥xI ort 2 fv¢brry. 2016 and hav¢ ih¢r¢fDr¢ noi in¢lud¢d a ¢ash flow Dlsclosurt of lonR or short period 'I'h¥ Lhuril> %hi)rtin¥d ill )iar fri)tn 31 Nlar¥h 20?S 10 30 NovLmlKY 20•4 irt the prior y¢aT. u)mpaTalii'i piriod Ihi linunLiul ilat¥in¢nis i> Ihmflirn 11 tn(Inih.%. .1 lil Irii.*1¥¥s iiiiiiidcr that ni) fflalcrial Uncirlalnii alKJuI lh¥ charil&'s abili1& lo conlinuL a5 a g(iiiig c(IncLm iii)r any %igniliLanl aal (If UnL¥rtainl Ihai all¢LI ihi carn ing valu¢ of a$¥¢$. h¢ld b! th¥ chaTiIv. ltht#me and endowmtnts 11 iiiliiiiii i) riLI)¥bni%id unLL thi charity ha5 ¢nlitl¢m¢nl lo lh¢ incom& il is probablc thai ihe incomi will bl Tcci1 and th¢ amounl ofih¢ in¢om¢ T¢c¢ivabl¢ can b¢ tn¢asur¢d r¢liabl)'. andlegllclé l)i)naiiun% dnd le84Lcies are re¢o8ni&ed ot) a receivable b35is when receipt is probable and the amount can he relidblv m<asur<d. Déferreillnrome DLfLrrLd inLomL rLpresenis amounis receibe41 for fuiure p¢riiNJs and is released 10 incoming resources in ihc pcriod for which. il has been received. Such income is onli. deferred when= Thc donor spLiifiLS Ihai thL grani or donaiion musi onli bc ukyl in fuiurc accouniing pcriods.. or The donor h4?s imposld conditions Hhich musi b¢ mei kfor¢ th¢ charity" has uncondiiional eniiilemeni. Inveslmenlincome Inionie Irom In¢stmentS held and bank interest TeC¢lI"¢d is cr¢dii¢d th¢ Stalement of Financial ActiTriti¢s when r¢ceivable. Rent r¢reived for inve5ttnenl PTDP¢rti¢s are credited the Sialernenl of Finanrial Activilies on the arrTuals basis. Page 14
Perth and Kinross So¢iety, for the Blind
Iyotes to the Financial Statemellts for the Year Ended 30 November 2025
Eipenditure
AII LAPiiiiliiure is CogniSed once there is a legal or conrUcili.¢ obligation thai exnditre. it is probable settlement is
required and the amount can bt m¢asur¢d reliabl!.. All cosis are allocaied 10 ihe applicable eAptndiiur¢ headillg thai
aggregaie similar cosls 10 Ihai cai¢gor%'. Whtre cosis canthoi b¢ diredli. aiiribuied 10 panicular headings Iht). hai'e been
allocai¢d on a basis consibteni wilh ihe use ol. resource& ii'iih cenirdl ststl. cosis allocated on Ilie basis ol. lime sptni. and
dLprLciaiion charges allocaitd on the portion of the asset-s Use. Other suppon costs are allocaied based on ilie spread ol-siaft.
C0515.
'I'h¥%¥ arL ¢()%1% inLurr¥d in allrnlaing I'olunlars. inw[. lh¢ JTwiag¢tn¢nt of iDv¢%irD¢nis' ajjd thus¢ inLu¢d in trading
uLiiviti¥% that r
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 Investjnent properties C'Lru?iii cliariil proptrtits are held for long-rm iTh%'estmeni. Ini'esimeni properties are accounted for in accordance with FRS102 section 16. as tollows.. No depreLiaiiun is prOlded in r¢speci of iniesimtni [KonI¢S as Ihe i'alu¢ is considered annuall} and revalued profLssionall} tv¢rs' five )tars. The surplus or delicii on rei'aluaiion is recognised in ili¢ sthiement of finaiicial activities lor th¢ Near. -I'his Ir¢aim¢nl as rtgards Iht chariii's ini'esirneni prop¢nies ma!. k a (kparture from the requirements of Ihe C'ompanies Aci LiinLLrning Ihl dLprLYialion of fixed &SS¢lN. I loivei'er. Ih¢N¢ properties ar¢ noi hLld for coii%uiiiption bui for iiive%1111Lnt aiid IIIL tru41¥¥% L()n%idLr Ihai %i'%l¢matic annual dL'Prn'ciaiion would be inappTopriaiL. llie iicuiuniing p()licN adopw.d 1% thirLl<ire nLLLssarn' lor Ihl tinancial NiaiLmLnts 10 give a true and fair viem.. I)cprcciaiion or nOn1allOn 1% onl!. onc ot. mail!. laciors ren¢il¢d in ihe nuU1 i'aluaiion and th¢ amouni Mljich might oiheN'i.qe haie been thowi cannoi be paral) identili¢(l i)r quuntilild. Fixed •sg¢1 investm¢ni$ l.ixid ab%LI In¥1nL5. urL Includ ai I'alue ai thi balancL shcLX date. li.4L¢J gain und Ill.4 (In ini'L%iminL% arL calcula IhL di(YLrLncL h'iwLxn %alL4 pri)LLyS and Ihlir InurkLI vuluL at IIIL %liirt ill. Ihl )'Lur. i)r Ihiir sub%LquLnl &iTr.%l. and chargiyl OT iTLYJiiLd ihL %14LILinini i)f l.inilliiiiil ALl1111.% iii illl pirii)d (Il'di%w).sul. Ilnriuli%Ld ¥uini and lii%iii rLprL%ini Ihi moiiThmi in mawkLI alUts during ihe !¢aT and 4LT¢ credilid or churg¥d i<) Ih llminl ol. l.inanLial ALlivilics hd on IhL nwk¢t i'aluL al Ihi )iar ld. Stoek %ii)Lk i% valuLd Jl Ihl lumir ol. cos1 and i%iimaIL %Llling priLI li55 CO¥Is 10 LoinplLIL and sill. atlir dul Ngard flir Iib(ilLIL nd slow Mo1n¥ sloLks. Itims donai&YJ for N>alc OT disiribuiiun arL noi IncludL in ihl financial s1aiLrnLnis' uniil IhL> drc Fund Attouthting [ Inrlblriilid iiiioiiii funds arc gcncral funds thal aTC ai'ailablc for usc at ihe Irustces di%Tciion in furthirancc of ihc 1)¢signal¥d liinds r¥pr¢5¢nt fund5 S¢t asid¢ b)" th¢ Tru51¢¢5 as a fQllling¢n£i" lo partialli" ¢ov¢r costs Should th¢ rharity. r¢a5¢ vp¢raling or 5p¢cilir proj¢ct lunding re5. RL%ifiLILd inLomi funds IhosL donaied for use in a particular area i)r for specifie purw)se& ihe use of which is rLsiriLILd li) Ihal ared ()r purp(). ThL Staiuior¥' DutlLb fund and IhL Enchanied FO[ fund exisi 10 proiidl 5Ciall ]C£S for PLopIL wilh a sensoj). iinpaimiLni liling in PLrth & Kinros5. ThL Sinsory Hub fund rcpre*nts funding re¢L1vL for the rUrb15hMcnl ofthL SLmsoTr Hub ai George Sirlxx. The Scrtwfix fund represents funding reC¢led for an access pad for the froni door ai George Strea. Pensions and other post relirement oblig•tions The charity is a member of the TaSid¢ Pensii)n Fund. a defined benefii pension scheme. PLrih and Kinross SociLty for ihi Blind Is unabll io idLmiify lis sharL Of&$15 and liabiliiies of IhL Ta¥'sidk SupLrannuaiion Fund on a consisitni and rtawnable b&%is and Ih¢r¢for¢ aCCniS for its pallicipaiiuj in ihe Tai'SLde Superannuarion Fund as it. it tre a defined coniribuiion scheme. The coniribuiions are deiemiined b!. qualified urIeS on Ihe basis of periodic aluaiiotts using iht projecied unil mtihod. Page 16
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 Financial instruments Classificalio l.'iiianLial bseis and fJnat)cial liabilities are recognised when ihe charity beeomes a pans, 10 the coniraciual provisions of Ihe insirumeni. l.'inancial liabilities and equi insirumenis are classified according io the substhnce of the coniractual arraiigements eniered illio. An equi insirumtni is ani, coniraci Ihai evidences a residual inieresi in ihe ets o(Ihe charits. afl¢r deducling all of Recoxniiiun mea%Mremenl All lin111 (tnd li4biliii¢5 ar¢ iThilialli' m¢asur¢d al Irdnsaclion pric¢ lincluding trJns)cliun Lus1$1. &Nc¢pl for thos¢ linanlial Llayyifild fair Y)ly¥ through profil ur whilh iniliiill). tnirftsUT¢xI 41 fair vJlu¥, FinuDLi4tl arL d&riwBni>l and vnli. whLn lh¥ LontraU#l rights to th¥ u¥h fl(Iws fToJn thL fJnaJ)¢ial ¥xpiri ur sii¢lid. bl lh¥ Chariii Iransf¥rs Iu linhr part! subs"iJnliall)" all of th& riyks. r¥M'ards uf UM'n¥Thhip ul. Ihl linaniial as1. i>r il Ihi Charill. d¥spil4 haling r¢iainixl som¥. bui noi all. sigthifilani ris and r¥i¥ards lif i)wn¥rship. has Irdn%lirrL(t Lunlri)I vf thi 10 anoihlr pan).. l.'inuniiul liabilili¥s ur¥ 4J4r¥%ogni$4'd onl%. wh¥'n lh¥ obli8aii(M sp¢¢ifJ¢d in th¢ ¢onirn¢i is dis¢harg¢d. ¢an¢¥llLd or ¢xpiN's. Fdlr measmremetti 'I'hL hLII L'iidini¢ i)r lair vali1¥ is a qui)lL pricL fur an id¥nii¢al in gn 8¢1iv¢ rk¥. WhLn 4UOl¥d prii¥% dr¢ lindallb1L'. IhL pfiLL' l)l- a recLni IransaLliI)n for idLniical PTo%idL% e¥idLncL of fair %aluL' Ic)ngi d% IhL'rL' hd% niii 'L'n a SibnitIan1 LhangE' in L'Liin()miL LjfLumsiancLS 1)r a signifiLani larY%L l)f iimL' %inLL' IhL irtsnsdLiiiill lix)k pldLL'. Il. IhL mdrkLI is ni)1 aLllL and rLLI'ni IrJnstiLiiiin% ()f an idLThiical assL•I on IhLiT are noi a 8(K)d LlImall (If fair valuL'. IhL' fair JIUL, 1% L'%iimatL'd hi usin8 a ialuaii()n IL¢hni4lJL. Page 17
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 4 Incotnt frotn other trAding #ctiviti Unrtsiri¢ted funds Unresiritted runds Totxl )'ear ended 30 Noi'ember TotAI April 2024 to 30 Yoiember 2024 Restricted funds Ceneral Gentral -I'rnding income. Primar¥ purpoye tradin8 5.881 5.881 8.215 35 8.250 .4 Inve%tment income Uttrestrieid fundj Uttrtstricttd fund$ ToiAI I'¢r ended JO Nth'tmbtr 202q TotAI l April 2024 to 30 Novtmbtr 2024 General Gttttral 915 915 5611 l)Ih¥r inicimi trum lix¥yJ a&s¢i 1.94 24.833 1.940 24.8.33 InLÉ)mL fri)m rlnls 51.51>9 51.51>9 27.341 27..341 6 Other income L'nrestrfrttd funds Total Ytr ended 30 Novtmbtr 2025 Total April 2024 to 30 Nowtmbtr 2024 Gtthtrl vih¢r inrom¢ 1.680 1.680 Page 19
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 7 Expenditure un raising funds 91 Costs of trgding ietiviiies Unrestricted funds Unrestrirted Totgl l'ear tnded Total April 2024 to30 owember Jo r40%'ember Cveneral kntricttd 2025 Cjeneral Restricted 2024 Ci)%1.4 ul'¥ood¥ yi)Id 38.346 14.1119 974 38.346 23.Ik67 5.473 23.(kn8 4&135 5.473 14.819 l)ir¥¥t lundrJising ¢osts 974 2.1.1kn8 63.126 54.13Y 14.1119 6¥.9511 8 Expendlture on ehArltblt ttlvltie$ Unrestri¢ted Total l'ear ended Jo Tolal April 2024 to30 November No%ember Gener41 Restricted Ceneral Restricted 2024 51all'Losls 116.109 191.448 3117.557 117.820 12Y.705 217.5?5 7.812 7.812 2.357 2.357 riturbishm¢ni D¥pr¥Lialion Siipport ¥0sls CiuwlrnLe cost 3.8111 3.881 3.458 133.841 14.929 203.081 555 34.800 6.281 203.081 l.Y¥2 76.987 10.107 2.4 78.688 8.206 1.427 42.187 3.816 55.153 6.663 205.553 267.925 473.478 135.Tr60 376.779 51?039 Page 20
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 9 Analysis of goi'ernAnce SUPPDrt costs Brt5is of AIIoeAtion Referen¢e Method of alloration OihLr itatTcosi .Aciual Lost Voluntttr costs Aciual co ALluJl ¢0 Sufl'iraining .4ciual co ALiuul Lusl Ailual ¢0 Support cojts Toiil I'tr ended JO lioi'embtr Total l April 2024 to 30 Yovtmbtr 2024 Unrt$irl¢t¢d funds Unresiritttd (unds Restritt Restrltied l)Ih¢r %tyii- 4.320 7.354 11.674 3.340 4.613 7.953 Viilunt4Y 127 282 815 135 2.441 262 2.723 1.425 075 1.075 2.029 11-Iraining 2.704 60.819 23.651 84.470 32.652 12.698 45.350 ¥¥PlllS¢5 21.044 4.971 14.913 78.b88 55.153 133.841 42.187 34.81KJ 70.9x7 Governante costs Unre51ri¢ted lund5 Unrestricted funds Total l-ear tnded Jo Total April 2024 to30 ovember Restricted T40%'ember 21124 Restrieted funds General General ZOZ4 Ind¢tKnd¢nl Ekamin¢r's rtinuneraiion Professional fteS 651 7.61) 8.?06 1.2(P) i.4)4 6.663 1.8fA) I3.19 l J.979 42 3.406 3.8?6 1.2()D .021 6.21¢1 1.680 8.4?7 Page21
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 10 Net incominglolltgoing rtsource& N¢1 outgoing re50urtts tor Iht ),r include= 30 No%'ember 2015 30 November 2024 l)¢pr¢cialion of fixed asstts 3.458 1.982 I l Trust¢¢s rcm¥n¢rwtion ¥nd ¢xptnses l)uring th¢ ear ihe eharii). madL IhL lollow'ing transa10$ with irustreS= Nont ol. Iht irus1¢¢5 lor anj persons conneaed with Iheml rtteii'ed an). remunerdiion during ihe Wear. Trdvelling exptnses of £nil 14.ere reimbursed during the >ear12024- £nill 12 8taff eosts 'I'hi payroll ciis15 were as follows.. Jll Novtmbtr 2024 30 November 2024 Stiff ¢o$ts durlng ih¢ y¢or w¢r¢= ?87.491 202.4115 24.fi94 41.507 353.692 247.163 ThL monthly avLrag¥ numbLr of wsons lincluding senior managthnini I l¢adirship lknqml cmploJLd ihe charily during thi vlar L.xprnssid as full iiml cquivalcnls was &$ follows.. JO Noi'ember 31 lreh 2024 Chdritdble tIVItIeS Manag¢m¢nt 10 No Lmpli>)LL rL*iiwed Lmi)lumenis of more than £60.(MKlduring the )ear. Th¢ total ¢mplov¢¢ ben¢fiis ofihe key managem¢nl personnel of Ihe ChariTr' M"¢re £74.455 Iperiod to 30 NoTrembtT 2024.. £48.6081. Page 22
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 IJ Taxatio No lax li'a5 charged in th¢ )'¢ar 1204- £nill. Perth and Kinross Soci¢ii IOT th¢ Blind has bten accepied a charii!. for iaN PU& Relief from thx 15 Ihtrefore due undlr 4¢LlI(In 505 0l-th¢ IncoTn¢ and C'orwbrniion"l a¥ Aci 1988 under %coitish Charit!" Nuinbtr SCIIIII 152.'1 &N Reference 14 Tngiblt fixtd 1gsets Furniture and equipment Total COBtNaluation .643 4.408 90.643 4.4118 AdJiiiong AI 30 Noi4mbLr 2023 95.051 Depre¢iAtion 77.759 3.45 77.754 3.4511 AI.311 Ni)%LmhLr 2025 81.217 111.217 Net book iwlut AI 311 NI)%L'mb¥r 21125 13.834 13.834 AI 30 No%'¢mb¥r 2024 l ?.y84 Page 23
Perth and Kinross So¢iety, for the Blind
Iyotes to the Financial Statemellts for the Year Ended 30 November 2025
15 Fixed #Sset IllVC5tments
JO November 2024
30 November 2024
Investment proptrti
310.0
All in1LttAl asstls Mere hLld in the UK.
Investment properties
Investment
properties
Cost or Valuation
AI I l)LCLm'r 2024
Provigioh
AI 30 No%L'mbLr 2025
Net book vAlue
AI 311 Noi'¥mb¢r 2023
Al 311 Novimbrr 2024
A rlnt r¥11¥ wag rarri¢d out b) Smart & Co. C'hart¢r¢d Sur¥e%Ths in (kiob¢r 20?4. Th¢ Trub1¢¢5 consid¥T ihis i"alualion to
rill¥LI Ihi walu¢ al lh¥ P¢TlI)d ¥nd.
16 Stock
JO Noi'ember
JO November
2024
Siocks
2.991
615
17 Debtors
30 Noiember
30 November
2024
OihLr dLbiors
1.7.272
Page 24
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 18 Creditors.. atnounts falling duc within ont yt#r 30 No¥tmber JO November 2024 Bank loans OihLf LfL'diior iu.0 18.975 16.615 16.516 4.946 38.795 ALLruul l)Ltirred income 65.2)7 ()().830 19 C.reditors'. Amounts falling due fifttr oht ytir 30 Noi'¢rnbcr 30 No%f mbcr 2024 20 P¢thslon other $th¢mes ¥rih Kinri)%% SiKi¢lN' fciT Ih¥ Illind ii?nirihul4% 10 a d4firtth h¥'rK.fir p¥n%ll?n htr. 'lTh¥ tKn%ii)n ¢i?%l ihJr&¥ fipri%ini LiinlrihLilii)n Pil%'Utili h) Ihi ¥hJTil%' li) Ihi and amounia i(1 £41.5117 4JuTing lh¥ 12U?4.. £311.1411. 'I'h¥r¥ M'i LiinirihLilii)ns paablE l() Ih¥.Kh¢m¥ ai lh4 10d ¢nd of£4.459120?4.. £5.2741. whi¢h 1% Includ lihIl7 l)IhLr L'ridilury. 21 C.'hArity status -I'h¥ C'h4ril) i¥ a ('haril!. limil¥d b%. guarani¢¢ and cons¢qu¢nilv do¢$ noi hai"¢ shar¢ rapilal. r.Jch of Ihv twsi¢¢s is liahl¢ to ii)ntrihLil¥ an amiiuni niit ¥xr4ding 11 Iow7rds th¢ ofih¢ C'harli> in ih¥ ¥¥111 ol. liquidation. Page 25
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 22 Funds Balante at I De¢tmbtr 2024 Incoming resources Resour¢es expended Transfers Balanee at 30 ovember 2025 Unrestricted funds eneral IlnrL%ificiLd funds 346.894 167.161 1245.6111 111.2281 257.216 De.Ti%nNied 71.638 10.271 81.909 Unrtstritted fund 418.532 167.161 19571 339.125 Restricted fund5 Y.159 298.032 17.379 Iluh 17.7761 13.8811 17.1)(M>l 10.657 nLhdni¥xI I',or¥s1 ¢r. Iix 5.D(Xl To¢¥1 r¢strieted futhd$ 3.383 309.032 1290.9931 957 22.374 Totgl funds 421.915 470.193 1536.6(Ml 361.51H l.'urth¥r d¥4ails ufth¢ Funds aT¥ bh0 OTh pa8¥ 16. Page 26
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 Balance at April 2024 Incoming resources Re50urte5 expended Other reco%nised gainslllosses Balance at 30 r4ovember 21124 TraD5fer5 Ilnrestricted funds Generol UnrLsiricied tunds 216.010 94.5¥2 1189.3Y91 22&7 12,3461 346.894 De.Ti%nfiled DLsignakd 3(K).IXK) 1228.J621 71.6.18 TotAI Unrestrltttd funds 516.010 94.587 1189.3(Wl {2.3461 418.532 Restricted fund5 25.124 172.237 11%8.5171 1203.081 315 9.159 Ilub 23.IKK) 172.305 17.7701 nLhdniixl 2.IIIMI Toi*l r¢$trl¢t¢d 48.124 340.542 1391.5981 315 3.383 Total fund5 564.134 441.124 15XQ.9971 12.34fy1 4?1.915 l.'Liriher deidils of the Funils. are shown on page 16. Page 27
Perth and Kinross So¢iety, for the Blind Iyotes to the Financial Statemellts for the Year Ended 30 November 2025 24 Anllvsis of ntt fund5 Al l Dttember 2024 Financing tish llo's At30 November 2024 Cash ai bank and in hand 156.974 158.1351 98.839 Ntl tunds 98.839 Flnrttin8 tash 1105 AtJO November 2024 At l April 2024 Ci¢ %h ai bartk and in hand 23.91? 133.062 1 $6.974 N¢1 lund 23.912 156.974 2.1 Relgttd party trns*ttlon$ Ni)n4 ol. th¥ Ir114t¥4W 14>r an%. txrs1)ng ¢onrt4Xl¥ii w.ith Ih¥ml ¢'$we an> wn¥'r8110n during lh¢ Nlar, Trus1¢¢ IrolI11n8 xpLns¢& vl'£nil T4imburs¥d during th¢ )'¥ar 12U24- £nill. Page 29