WALSALL SOCIETY FOR THE BLIND LIMITED

Company limited by guarantee

Company Registration Number:
03674948 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

WALSALL SOCIETY FOR THE BLIND LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes

WALSALL SOCIETY FOR THE BLIND LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The Society exists to provide information, support and friendship to all visually impaired people living in the large Metropolitan Borough of Walsall, now recognised as one of the most deprived areas of the country with a diverse and ageing population. We aim to help anyone with visual impairment that needs our help, whether registered blind or not. We are the main and by far the largest provider of visual impairment services in Walsall, working alongside the Sensory Support team of Walsall Metropolitan Borough Council.

Political and charitable donations

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Society is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. For donations to be recognised the Society will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Society and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the Society has control over the item. Fair value is determined on the basis of the value of the gift to the Society; for example the amount the Society would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Report. For legacies entitlement is recognised on the earlier of the Society being notified of an impending distribution or the legacy being received. Sometimes legacies will be notified to the Society but it is not possible to measure the amount expected to be distributed. On these occasions the legacy is treated as a contingent asset and disclosed in the notes to the financial statements. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Society. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from government and other grants are recognised at fair value when the Society has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Additional information

Services provided by the Society The Society currently supports approximately 1,529 visually impaired individuals and the demand for its services is increasing each year. Our Community Officers provide personal support to visually impaired people and their families at Hawley House or in their own homes and communities. This one-to-one work is at the heart of what we do, advising and supporting people with anything that visual impairment makes challenging in daily life. We maintain the register of Blind and Partially Sighted people on behalf of Walsall MBC. After referral by a Consultant Ophthalmologist, our Registration Officer assists with the process of registration and advises on the benefits it can bring. Our Social Activities Centre is open every weekday. Conveniently situated in Walsall town centre near the bus station, it is a popular meeting place for groups of visually impaired people to enjoy activities such as arts and crafts, quizzes and entertainment. Social isolation is often a consequence of sight loss, so our centre is an essential resource for the local visually impaired community to meet and thus enable its members to remain independent in a safe environment. It is large enough even to accommodate the Walsall Visually Impaired Bowls Group. Our Information Officer provides information, advice and guidance on living with sight loss and the support services Walsall Society for the Blind provide. She achieves this by holding information stands in the community doing talks and presentations and networking with other organizations. Our weekly Walsall Talking Newspaper is extremely popular. Each week in our own in-house studio, we record, edit and produce more than four hours of content which is then distributed on memory sticks by post, or by digital download. We also produce a monthly Audio Magazine with more than twelve hours of content. Digital technology designed specifically for visually impaired people is rapidly becoming more advanced and readily available. In response to growing demand, we have an Assistive Technology Officer. This important service provides both group and one-to-one training sessions on generic smart devices tailored to meet the needs of each individual. WSB Youth are a youth group for visually impaired aged 0-25 years they offer monthly youth groups, carer coffee catch ups, a private Facebook carer’s support group and offer ongoing individual support



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

J H Cooke
David Smith
Richard Meere
Julie Harris
Amara Ismail El Banna
Tim Clifft
Stephanie Neal


Secretary Amanda Reed

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 November 2025

And signed on behalf of the board by:
Name: David Smith
Status: Director

WALSALL SOCIETY FOR THE BLIND LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 10,047 2
Investments: 4 2,093,009 2,073,874
Total fixed assets: 2,103,056 2,073,876
Current assets
Stocks: 5 200 458
Debtors: 6 3,353 4,228
Cash at bank and in hand: 171,293 242,641
Investments:   0 0
Total current assets: 174,846 247,327
Creditors: amounts falling due within one year: 7 ( 9,146 ) ( 15,115 )
Net current assets (liabilities): 165,700 232,212
Total assets less current liabilities: 2,268,756 2,306,088
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 2,268,756 2,306,088
Members' funds
Profit and loss account: 2,268,756 2,306,088
Total members' funds: 2,268,756 2,306,088

The notes form part of these financial statements

WALSALL SOCIETY FOR THE BLIND LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 November 2025
and signed on behalf of the board by:

Name: David Smith
Status: Director

The notes form part of these financial statements

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Assets with a cost below £5,000 are not capitalised. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 15 15

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 121,636 0 11,245 132,881
Additions 10,045 10,045
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2025 121,636 0 21,290 142,926
Depreciation
At 1 April 2024 121,635 11,244 132,879
Charge for year
On disposals
Other adjustments
At 31 March 2025 121,635 11,244 132,879
Net book value
At 31 March 2025 1 0 10,046 10,047
At 31 March 2024 1 0 1 2

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Fixed assets investments note

The Trustees delegate the management of the Society's investments to a firm of professional investment advisers with the brief to maintain a balanced portfolio with moderate risk. The Trustees' aim is to maintain the real value of the Society's investments in the long term with a prudent mixture of equities, bonds and cash, and that aim continues to be met by the investment advisers.

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Stocks

2025 2024
£ £
Stocks 200 458
Total 200 458

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Debtors

2025 2024
£ £
Prepayments and accrued income 3,353 4,228
Total 3,353 4,228
Debtors due after more than one year: 0 0

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 847 2,032
Taxation and social security 5,457 4,434
Accruals and deferred income 1,552 7,611
Other creditors 1,290 1,038
Total 9,146 15,115

WALSALL SOCIETY FOR THE BLIND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

8. Financial Commitments

Cautious, prudent financial policies are adopted by the Trustees to manage the inevitable fluctuations in the Society's income. Maintaining a Development Fund (described below) is a fundamental and essential part of this approach. The Trustees delegate the management of the Society's investments to a firm of professional investment advisers with the brief to maintain a balanced portfolio with moderate risk. The Trustees' aim is to maintain the real value of the Society's investments in the long term with a prudent mixture of equities, bonds and cash, and that aim continues to be met by the investment advisers. The Trustees are satisfied that the Society's financial resources are adequate for the continued provision of its core services for the foreseeable future.