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2022-03-31-accounts

Registered number: 03740647 Charity number: 1075447

4Sight Vision Support

(A Company Limited by Guarantee)

Unaudited

Trustees' Report and Financial Statements For the year ended 31 March 2022

4Sight Vision Support (A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 - 34

4Sight Vision Support

(A Company Limited by Guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers For the year ended 31 March 2022

Trustees Dr Norman Boyland DL FRSC, Chairman
Arthur Mayson ACIB TEP, Hon. Treasurer
Sheilagh Baker DBO (D), Elected Member
Robert Hayes, Vice Chairman
Jan Penn, Elected Member
Heather Bell DBO (D), Elected Member
Julia Kirkham, Elected Member
Maureen Jenkins RN BSc (Hons) ANP, Elected Member
Company registered
number
03740647
Charity registered
number
1075447
Registered office
36 Victoria Drive
Bognor Regis
West Sussex
PO21 2TE
Chief Executive Officer
and Company Secretary
N Demetriades (to 31 August 2021)
K Thomas (from 1 September 2021)
Independent examiner
Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Patron
In absentia
Vice Patrons
Major-General Tony Boam CB CBE
Simon Brett OBE
The Right Hon. the Lord Navnit Dholakia OBE DL
The Right Hon. the Lord Egremont DL
Harry Goring DL
The Right Hon. Sir Peter Hordern PC DL
Major Mark Scrase-Dickens CMG DL
Masoud Teimory MD DO FRCOphth
The Right Hon. Lord Young of Graffham FRPS DL
Tim Fooks - appointed January 2022

Page 1

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

The financial statements have been prepared in accordance with the current statutory requirements and comply with the Charity’s governing document and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued (January 2019).

CHARITABLE OBJECTS AND PUBLIC BENEFIT

When planning activities for the year the Trustees have complied with guidance issued by the Charity Commission and with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

In particular the Trustees have considered the specific guidance on charities for the advancement of health, and the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or another disadvantage and living in West Sussex.

ABOUT 4SIGHT VISION SUPPORT

In October 2021 we celebrated our 100[th] Anniversary. For over 100 years, 4Sight Vision Support has been the leading sight loss charity supporting blind and sight impaired people living in West Sussex.

With our ongoing work, forward strategy, and partnership working, we aim to make 4Sight Vision Support the Charity that is there for the people of West Sussex at the time when it matters most.

This year we have reviewed and refreshed our charity strategy and objectives to ensure we are relevant, and appropriate, and continue to respond to users’ voices.

Our Vision

At the heart of our holistic and person-centred approach is a commitment to ensure everyone can live a LIFE WITHOUT LIMITS following a sight loss diagnosis.

Our Mission

Make a positive difference to blind and sight impaired people in West Sussex at every stage of their lives and sight loss journey.

Our Values

Our Priorities

  1. Raise the profile of 4Sight Vision Support through improved communication and engagement with our stakeholders

  2. Increase the number of blind and sight impaired people we support

  3. Change the way we work to provide more one-to-one vision support services

  4. Promote good eye health and sight loss prevention

  5. Ensure 4Sight Vision Support is fit for purpose, sustainable and relevant

Page 2

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

Structure, Governance, and Management

4Sight Vision Support has the Charity registration number 1075447 and is a Company Limited by Guarantee, number 03740647. It is constituted under its amended Articles of Association dated 26[th] October 2018. The Charity was founded in 1921 and incorporated on 24[th] March 1999. The management of the affairs of te charity is vested in the Trustees. The Trustees are the directors of the company together with not more than nine members elected by the Annual General Meeting or co-opted by the Trustees.3 out of 8 of our Trustees have lived experience of sight loss

In 2021-2022 we also started using the Charity Excellence Framework tool to ensure that we are up to date with governance, policy, and procedures and have met the quality mark standard.

Our Staff

The charity’s operational affairs, including Chief Executive, service delivery, finance, admin, income generation, and communications were managed and delivered by 15 staff. 20% of our staff team have lived experience of sight loss, including Kirstie Thomas who after working with the charity for 13 years was appointed as CEO in September 2021.

Our Volunteers

Volunteer numbers 206
Volunteers with Lived Experience 20
Total Hours 12,780
Added value £121,410

Volunteer Contacts with Clients

Client Services volunteers based at Bognor and Shoreham recorded over 4,000 contacts with clients, in over 369 hours of contact.

Client contact consists of both telephone and written contact. For example, in addition to welfare calls to clients, volunteers send out client welcome packs and birthday cards.

A total of 1,400 welfare calls were made to clients equating to 137 hours of telephone support by volunteers.

47 New Volunteers have been recruited in the period into the following volunteer roles:

Queen’s Award for Voluntary Service

In June 2021 4Sight Vision Support was honoured with The Queen’s Award for Voluntary Service, the highest award a voluntary group can receive in the UK. The award recognises outstanding work by volunteer groups to benefit their local communities and we were doubly honoured to receive an additional ‘Special Recognition – Covid 19' Commendation, awarded to those who provided impactful support to the community in response to the pandemic.

In November, the Lord-Lieutenant of West Sussex, Mrs Susan Pyper, presented the charity with the Award crystal and certificate at a special ceremony at the Shoreham Centre attended by volunteers, invited guests, and staff.

Page 3

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

Recipients of the Award nationwide were invited to attend a Royal Garden Party at Buckingham Palace hosted by The Earl and Countess of Wessex and attended by The Duchess of Cambridge and Princess Alexandra. The Garden Party, held on Wednesday 18 May 2022, was attended by 4Sight Vision Support volunteers Penny Dale and Julia Kirkham, along with Volunteer Coordinator, Naomi Towns.

2021-2022 – THE YEAR AT A GLANCE – OUR IMPACT

With 5 main priorities in our Strategic Plan, here are some of our achievements during the year.

Total new clients 546
Total active service users 2,287

Our referrals for support are received in a wide variety of ways including, our Sight Care Advisor services at University Hospitals Sussex (UHSX) NHS Trust, WSCC Rehabilitation Officers for the Visually Impaired (ROVI), our Sussex and Surrey Hospital (SASH) NHS Trust Low vision clinics, opticians, social prescribers, self-referrals, and GP’s.

Age breakdown

Age Band No. of people 0 To 4 3 5 To 10 10 11 To 16 20 17 To 18 5 19 To 24 7 25 To 39 30 40 To 64 256 65 To 74 256 75 To 84 581 85+ 1,089 Data missing 30

Geographic Breakdown

District No. of people Adur 233 Arun 578 Brighton & Hove 42 Chichester 340 Crawley 209 East Sussex 18 Hampshire 20 Horsham 312 Mid Sussex 296 Out of County 5 Surrey 20 Unknown 3 Worthing 211

Sight Care Advisor’s interaction

Total people registered with a certificate of Visual Impairment (CVI) 354 Total Low Vision Aid HESP form issued for magnifiers 415 General Patient Contacts 1,278

Page 4

4Sight Vision Support (A Company Limited by Guarantee)

Trustees’ Report For the year ended 31 March 2022

Low Vision assessments

Low Vision Assessments carried out 104 Assessments using the Hospital Eye Scheme Prescription (HESP) 37 Assessment via the Sussex and Surrey NHS Trust contract (SASH) Crawley Horsham Total Low Vision Assessments 390

Practical equipment advice and purchase

Equipment Advice and Demonstration interaction 557 No. Of Items Sold 637 Total orders (inc via WSCC ROVI Tam) 436 Total £12,846

Accessible Technology Service from July 2021

Number of direct beneficiaries 121 Number of interventions delivered 306 Number of remote sessions delivered 264 Number of in person sessions delivered 42 Amount of hours of support delivered 165.5 hours

New Services/Activity for this year

Benefits advise , including support with form filling, applications, appeals, and assessments

Benefits Interactions 40

Education support for students, at school or college

Supported 11 young people in 20 interactions

Total Face to Face interaction 477

OUR SERVICES & ACTIVITIES

In this financial year alongside our updated Vision, Mission, Values, and priorities we also undertook a strategic services review and restructure based on learning from the pandemic and improving and ongoing engagement with our beneficiaries.

Our person-centred, tailored, one-to-one support services now cover the following and meet with the national standard ‘Seeing it My Way’ outcomes:

Page 5

4Sight Vision Support (A Company Limited by Guarantee)

Trustees’ Report For the year ended 31 March 2022

We deliver this through our dedicated service team split into the following areas:

100th Anniversary

For 100 years and without interruption, 4Sight Vision Support has provided specialist services to blind and sight impaired adults and children across West Sussex. In October 2021 we marked this anniversary with two very special celebrations; a birthday party at our Bognor HQ and a ‘Visions of Hollywood’ Fundraising Ball. The two occasions not only celebrated this landmark, but also the hard work of staff, volunteers and the local community who continued to deliver the Charity’s vital services throughout the pandemic.

Current staff and volunteers came together to celebrate at the birthday party with fizz, a quiz, and of course a 100[th] birthday cake! They included the longest standing members Annie Taylor, Sight Care Advisor, and Finance Manager Melanie Adams, both who have been with the charity for over 20 years.

Guests at the ‘Visions of Hollywood’ Ball included current and former staff, volunteers, Trustees, clients, corporate supporters, plus friends and family. Tickets and fundraising on the night raised nearly £13,000. The Team at 4Sight Vision Support would like to thank its corporate sponsors Rayner; Barnham Opticians; Brandabble; Arun Business Partnership; Sims Williams Estate Agents; SRP Design and Print; Passmore Glass and Southdowns Water.

Other 100[th] Anniversary activities during the year included; various communication activities to celebrate/mark this momentous occasion (with thanks to the local press for helping us share our story), a Centenary Prize Draw which raised £3,300 and the design and sale of a special commemorative pin badge.

Page 6

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

OUR COMMUNICATIONS

Press releases Radio interviews 4

Our social media presence grew

Facebook: 57 new total 1,023 Instagram: 85 new total 389 Twitter: 19 new total1,616

Newsletters sent to our clients with information, advice and activities

In the following accessible formats

CD total 736 USB 505 Braille 27 E-mail 2,525 Printed 11,701 Total: 15,494

PARTNERSHIPS

Partnership working is a key priority to 4Sight Vision Support, and we have continued to work in partnership with a range of organisations in the public, private and third sectors, to raise sight awareness, deliver joint training sessions and deliver services.

We have a formal link with Sight for Surrey through the SaSH NHS contract as mentioned above, and link into the local West Sussex Community and Voluntary Action groups. We are also a founder member of the ‘Community Solutions Consortia’ (CSC) with Age UK West Sussex, Brighton and Hove, Carers Support West Sussex, The Aldingbourne Trust, Independent Lives, Healthwatch West Sussex, Citizens Advice and West Sussex MIND. CSC is a consortium of county-wide service provider organisations that deliver preventative health and wellbeing services in West Sussex and through the consortia, aim to bring together their collective skills, knowledge, expertise, information, insight and understanding to effectively contribute to and influence strategic commissioning of services, through local authorities, NHS and the local Health and Wellbeing Board and local prevention and wellbeing strategies.

This year we were on the sounding board working in co-production for the new WSCC Adult Social Care Strategy titled “The Life you want to Lead”, to ensure that sight loss was considered and prevalent in this piece of work.

We also work closely with other organisations that support sight impaired people. Visionary is the national body that links sight loss organisations across the UK. 4Sight Vision Support plays an active role in the local Visionary south-east regional hub which includes Sight for Surrey, East Sussex Association of Blind & Partially Sighted People, Open Sight Hampshire, Kent Association for the Blind, Sight Concern Bedfordshire, Berkshire Vision and many others. We also work with national partners including the RNIB, Guide Dogs UK, Blind Veterans UK, The Thomas Pocklington Trust and The Macular Society and we will continue to explore ways to work together with them wherever such partnerships can add value to the services and support we offer to our members.

Page 7

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

FINANCIAL PERFORMANCE

The financial performance of the charity for the year is set out in the Statement of Financial Activities.

Donations, Legacies and Grants totalled £237,034 for the period (2021: £358,995), whilst income from Charitable Activities was £90,794 (2021: £57,480). Total income for the charity amounts to £364,720 (2021: £423,243).

Total expenditure for the year was £424,275 (2021: £398,607).

The net decrease in funds was £59,555 (2021: net increase of £24,636) against a planned deficit for the year of £24,794 (2021: £40,370).

Fees and pricing policies have remained at 2020-21 levels. There are currently no plans to introduce any other fees or change pricing policies as the Trustees are committed to ensuring that help is available for people facing financial hardship who wish to access 4Sight Vision Support services, and a discretionary system is in place so that any charges can be waived for those unable to afford it.

The trading subsidiary, 4Sight Vision Support Trading Limited, again remained dormant during the year, but it is being kept under review in the eventuality that the Trustees deem it in the charity’s best interests to make use of it for future projects.

RESERVES POLICY

It is the policy of the Trustees to establish and maintain free reserves at a level sufficient to enable the Association to continue to deliver its range of services during periods of lower income and to meet all responsibilities in the case of closure.

4Sight Vision Support has maintained this method for the continuous assessment of risk, including a valuation of the level of reserves that we might need, based on the review of each of our current services and the flow of funds, as well as the security of our HQ building, an unrestricted fixed asset. This allows for service delivery to be prioritised, but with due regard to other legal and financial responsibilities.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six month's expenditure (excluding funded projects); this is to allow the charity to be managed efficiently and to provide a buffer for uninterrupted services.

This level of reserves had been achieved at the year end. The total funds held at the balance sheet date were £707,289 (2021: £766,844) which includes £80,298 (2021: £91,479) held in restricted funds and £468,581 (2021: £484,310) held as tangible fixed assets. This gives free reserves of £158,410 (2021: £191,055).

The view of the Trustees for the 2021-22 year is that the overall position of the charity and the balance of funds was sufficient to continue to operate charitable services at the levels agreed, and there are sufficient liquid assets to enable restricted and designated funds to be applied as necessary. The Board is empowered to invest monies not required for the immediate purposes of the Association as stated in the charity’s investment policy.

Page 8

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

FUNDRAISING

As with many voluntary sector organisations, securing funding for our services remains a constant challenge and the Trustees and the Senior Management Team remain focussed on the work that is needed in order to develop sustainable, on-going income streams.

The senior member of our fundraising team is a member of the Institute of Fundraising and our organisation is registered with the Fundraising Regulator; consequently, everyone who supports us may be assured that we comply with the regulatory standards for fundraising.

Our fundraising includes encouraging donations and gifts in Wills, running events and operating a lottery and raffle. Our fundraising strategy is provided and delivered by our in-house team.

We respond to all complaints within five days. Complaints are dealt with in line with our fundraising complaints policy. Serious complaints are escalated to our Chief Executive and Trustees so they may review our activities in the light of the complaint. We have not received any complaints in this financial period.

Funders

4Sight Vision Support continues to benefit from the very generous support of a broad range of funders, whether that be Charitable Trusts & Foundations, statutory funders such as County, District, Borough, Town and Parish Councils or the various philanthropic organisations such as local Rotary, Lions, Freemasons, and other groups (some of whom are listed below). We are very grateful to them for their continued support and we thank them for enabling us to fulfil our mission to support and improve the lives of visually impaired people in West Sussex. Equally, the Trustees would like to note their sincere thanks to local businesses, schools, universities, colleges and the many individuals who choose to set up, run, or participate in a fundraising event in aid of our work each year. Without the support of this ever-growing supporter and donor base, 4Sight Vision Support would simply not be able to fulfil its objectives.

The Trustees would also like to acknowledge the generous support of some larger donations from the following organisations:

Page 9

4Sight Vision Support (A Company Limited by Guarantee) Trustees’ Report For the year ended 31 March 2022

Many other donors and benefactors have also supported us throughout the year including Parish and Town Councils, local Community groups and organisations and initiative funders as well as those who have requested that we respect their privacy and anonymity by not including them in this report, but we offer our thanks to them for their generosity also.

IMPACT OF COVID-19

The coronavirus (Covid-19) pandemic has continued to affect the provision of services throughout the year with continuous changes in government guidelines and restrictions. Including working from home, wearing a face covering, hand sanitising, risk assessments, staff and volunteers being vaccinated, and social distancing. Our safeguarding committee continued to meet on a regular basis to discuss new changes and restrictions as they occurred.

We also saw increased staff and volunteer illness, absence, and concern, and our team are still working through waiting lists for visits as a result of the disruption.

Our online, and virtual offers have continued and have proved to be a popular way of communication, particularly with our accessible technology service

Events and activities had to be cancelled or rescheduled throughout the year which and an impact on services offered as well as a finical one.

Towards the end of the financial year, we removed all Covid-19 restrictions in line with the Government guidelines but continue to demonstrate higher levels of good hygiene practices and comply where restrictions are in place. Including continuing to wear face coverings when visiting our vulnerable clients.

THE BOARD OF TRUSTEES

The Board sets the strategic direction for the organisation, and management of the activities is exercised through the Chief Executive and the Management Committee. Trustees are also the Directors of the company.

The Trustees shall consist of the Honorary Officers, individuals nominated by local area committees, and individuals elected by the members at the AGM, of which not less than 50% shall be visually impaired people or people with lived experience of sight loss.

The Board of Trustees:

The Annual General Meeting:

The Trustees may also recommend appointment of other honorary officers, Patrons, Vice Patrons, Presidents and Vice Presidents who shall be members of the Charity.

Page 10

4Sight Vision Support

(A Company Limited by Guarantee)

Independent Examiner's Report

For the year ended 31 March 2022

Independent Examiner's Report to the Trustees of 4Sight Vision Support ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2022.

Responsibilities and Basis of Report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 28 November 2022 Lucy Hammond BSc FCA

Kreston Reeves LLP

Chartered Accountants Springfield House Springfield Road Horsham West Sussex RH12 2RG

Page 12

4Sight Vision Support

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
6
Other income
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
94,485
90,794
31,210
14
5,568
222,071
70,504
199,941
270,445
(48,374)
675,365
(48,374)
626,991		 Restricted
funds
2022
£
142,549
-
100
-
-
142,649
-
153,830
153,830
(11,181)
91,479
(11,181)
80,298		 Total
funds
2022
£
237,034
90,794
31,310
14
5,568
364,720
70,504
353,771
424,275
(59,555)
766,844
(59,555)
707,289		 Total
funds
2021
£
358,995
57,480
6,576
78
114
423,243
66,975
331,632
398,607
24,636
742,208
24,636
766,844

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 34 form part of these financial statements.

Page 13

28 October 2022

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

4Sight Vision Support meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held for 12 months from authorising these financial statements.

1.3 Income

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.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 15

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

1.6 Interest receivable

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 institution with whom the funds are deposited.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Freehold property - 2% on cost
Plant and machinery - 33% on cost
Motor vehicles - 50% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Page 16

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting policies (continued)

1.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Page 17

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting policies (continued)

1.15 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgment:

The residual values and useful economic lives of tangible fixed assets over which these items are depreciated are estimates which impact the net book value at the balance sheet date, particularly for freehold property.

Page 18

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

3. Income from donations and legacies

Donations
Legacies
Grants
Donations
Legacies
Grants		 Unrestricted
funds
2022
£
47,668
3,852
42,965
94,485
Unrestricted
funds
2021
£
29,669
5,500
151,288
186,457		 Restricted
funds
2022
£
2,882
-
139,667
142,549
Restricted
funds
2021
£
5,922
-
166,616
172,538		 Total
funds
2022
£
50,550
3,852
182,632
237,034
Total
funds
2021
£
35,591
5,500
317,904
358,995

4. Income from charitable activities

Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach		 Unrestricted
funds
2022
£
6,566
43,142
21,966
19,120
90,794		 Total
funds
2022
£
6,566
43,142
21,966
19,120
90,794

Page 19

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

4. Income from charitable activities (continued)

Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach
5.
Income from other trading activities
Income from fundraising events
Fundraising events
Fundraising sponsored events
Raffles & Lotteries
Other fundraising income
Income from fundraising events
Fundraising events
Fundraising sponsored events
Raffles & Lotteries
Other fundraising income		 Unrestricted
funds
2021
£
1,521
16,178
13,216
19,120
50,035
Unrestricted
funds
2022
£
13,854
5,857
8,047
3,452
31,210		 Restricted
funds
2021
£
-
7,445
-
-
7,445
Restricted
funds
2022
£
100
-
-
-
100
Unrestricted
funds
2021
£
144
1,017
2,998
2,417
6,576		 Total
funds
2021
£
1,521
23,623
13,216
19,120
57,480
Total
funds
2022
£
13,954
5,857
8,047
3,452
31,310
Total
funds
2021
£
144
1,017
2,998
2,417
6,576

Page 20

4Sight Vision Support

(A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

6. Investment income

Unrestricted
funds
2022
£
Investment income
14
Unrestricted
funds
2021
£
Investment income
78		 Total
funds
2022
£
14
Total
funds
2021
£
78

7. Expenditure on raising funds

Other costs
Wages and salaries
Other costs
Wages and salaries		 Unrestricted
funds
2022
£
14,550
55,954
70,504
Unrestricted
funds
2021
£
14,708
52,267
66,975		 Total
funds
2022
£
14,550
55,954
70,504
Total
funds
2021
£
14,708
52,267
66,975

Page 21

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

8. Analysis of expenditure on charitable activities

Summary by fund type

Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach
Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach		 Unrestricted
funds
2022
£
6,449
61,240
44,367
87,885
199,941
Unrestricted
funds
2021
£
1,751
53,624
30,886
70,837
157,098		 Restricted
funds
2022
£
683
-
4,293
148,854
153,830
Restricted
funds
2021
£
870
7,445
7,584
158,635
174,534		 Total
2022
£
7,132
61,240
48,660
236,739
353,771
Total
2021
£
2,621
61,069
38,470
229,472
331,632

Page 22

4Sight Vision Support

(A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

9. Analysis of expenditure by activities

Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach
Clubs
Sight Care Advisor Service
Resource and transcriptions
Outreach		 Activities
undertaken
directly
2022
£
7,132
31,704
31,264
166,568
236,668
Activities
undertaken
directly
2021
£
2,621
32,669
21,749
162,000
219,039		 Support
costs
2022
£
-
29,536
17,396
70,171
117,103
Support
costs
2021
£
-
28,400
16,721
67,472
112,593		 Total
funds
2022
£
7,132
61,240
48,660
236,739
353,771
Total
funds
2021
£
2,621
61,069
38,470
229,472
331,632

Page 23

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

Analysis of direct costs
Other costs
Staff travel, training, & recruitment
Building & Estates costs
Professional fees
Communications
Equipment costs
Volunteer expenses
Staff costs
Depreciation
Analysis of support costs
Finance
Other costs
Staff travel, training & recruitment
Building and estate costs
Professional fees
Communications
Equipment costs
Staff costs
Depreciation
Total costs
Direct costs
Support costs		 2022
£
14,419
6,781
5,763
6,966
14,650
17,860
207
162,159
7,863
236,668
2022
£
4,589
1,675
952
5,265
10,758
4,117
374
81,510
7,863
117,103
236,668
117,103
353,771		 2021
£
12,905
1,462
13,253
3,196
11,243
17,190
156
151,360
8,265
219,030
2021
£
688
582
1,512
4,416
9,924
3,189
630
83,387
8,265
112,593
219,030
112,593
331,623

Governance costs of £17,884 (2021: £16,887) are included in within support costs, see note 10 for analysis.

Page 24

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

10. Governance costs

Staff costs
Independent examination fee
Trustee meeting costs
Legal and professional
Other costs
Staff costs
Independent examination fee
Trustee meeting costs
Legal and professional
Other costs		 Unrestricted
funds
2022
£
11,103
3,850
-
-
2,931
17,884
Unrestricted
funds
2021
£
10,754
3,480
182
322
2,149
16,887		 Total
funds
2022
£
11,103
3,850
-
-
2,931
17,884
Total
funds
2021
£
10,754
3,480
182
322
2,149
16,887

11. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,850 (2021 - £3,480).

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
273,003
14,525
12,093
299,621		 2021
£
262,270
13,348
11,395
287,013

Page 25

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

12. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

2022 2021
No. No.
Average number of employees 18 17

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charity are the trustees and the Chief Executive Officer. During the year the key management personnel received total remuneration of £51,750 (2021: £43,860) and total employer pension contributions of £3,105 (2021: £2,632).

Page 26

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

13. Tangible fixed assets

Cost or valuation
At 1 April 2021
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
property and
land
£
523,422
-
523,422
50,933
5,669
-
56,602
466,820
472,489		 Plant and
machinery
£
21,473
(5,197)
16,276
20,174
1,299
(5,197)
16,276
-
1,299		 Motor
vehicles
£
16,750
-
16,750
9,750
7,000
-
16,750
-
7,000		 Fixtures
and fittings
£
8,894
-
8,894
5,372
1,761
-
7,133
1,761
3,522		 Computer
equipment
£
5,159
-
5,159
5,159
-
-
5,159
-
-		 Total
£
575,698
(5,197)
570,501
91,388
15,729
(5,197)
101,920
468,581
484,310

Page 27

4Sight Vision Support

(A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

Notes to the Financial Statements
For the year ended 31 March 2022
14.
Fixed asset investments
Cost or valuation
At 1 April 2021
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Principal subsidiaries
The following was a subsidiary undertaking of the charity:
Name
4SIGHT Trading Limited
The financial results of the subsidiary for the year were:
Name
4SIGHT Trading Limited
15.
Stocks
2022
£
Goods for resale
8,113		 Investments
in
subsidiary
companies
£
100
100
100
100
Holding
100%
Net assets
£
100
2021
£
9,364

Page 28

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

16. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
520
4,468
11,352
16,340		 2021
£
234
3,521
9,500
13,255

17. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
12,180
3,603
687
9,537
26,007		 2021
£
15,870
5,173
181
7,173
28,397

Page 29

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

18. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Clubs designated funds (see
note 19)
General funds
General Funds
Total Unrestricted funds
Restricted funds
Outreach service
Clubs
Equipment
Building
Volunteering co-ordinator
Newsletter
Big Lottery
Children and Young People
NHS Charities Together
Centenary
Accessible technology advice
service
Low vision
Client Services
Postcode Lottery
Fundraising
Health & wellbeing
Total of funds		 Balance at 1
April 2021
£
46,940
628,425
675,365
59,154
5,293
-
204
-
3,017
23,811
-
-
-
-
-
-
-
-
-
91,479
766,844		 Income
£
6,566
215,505
222,071
33,556
227
1,794
-
15,118
5,477
-
14,873
11,548
2,356
17,584
10,500
7,500
19,898
100
2,118
142,649
364,720		 Expenditure
£
(6,522)
(263,923)
(270,445)
(83,896)
(683)
(1,589)
(204)
(5,826)
(7,001)
(23,811)
(4,882)
(7,370)
(2,356)
(594)
(2,500)
(5,000)
(7,918)
(100)
(100)
(153,830)
(424,275)		 Transfers
in/out
£
(6,744)
6,744
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2022
£
40,240
586,751
626,991
8,814
4,837
205
-
9,292
1,493
-
9,991
4,178
-
16,990
8,000
2,500
11,980
-
2,018
80,298
707,289

Page 30

4Sight Vision Support

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the year ended 31 March 2022

18. Statement of funds (continued)

Restricted funds arise where a donor has placed a specific restriction on the use of the funds. The purpose of material individual funds are:

Outreach Service - Funds received to maintain our general services to members Big Lottery - Connect4Sight project - minibus and clubs co-ordinator Postcode Lottery - Funding received for one to one support for working age sight impaired people NHS Charities Together - Ageing Well Co-ordinator supporting older sight impaired people.

The purpose of other restricted funds is described above in the name of the fund.

During the year a transfer was posted between the designated clubs fund and general funds to represent funds held in respect of clubs which are now dormant or closed.

Page 31

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

18. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Clubs designated funds (see
note 19)
General funds
General Funds
Total Unrestricted funds
Restricted funds
Outreach service
Clubs
Equipment
Big Lottery
Children and Young People
NHS Charities Together
Centenary
Low vision
Client Services
Total of funds		 Balance at
1 April 2020
£
57,475
598,703
656,178
50,565
6,163
1,451
-
636
2,251
1,581
23,383
-
86,030
742,208		 Income
£
1,521
241,739
243,260
128,153
-
5,702
7,445
-
-
5,792
21,478
11,413
179,983
423,243		 Expenditure
£
(1,751)
(222,322)
(224,073)
(119,563)
(870)
(7,153)
(7,445)
(432)
(2,251)
(4,357)
(21,050)
(11,413)
(174,534)
(398,607)		 Transfers
in/out
£
(10,305)
10,305
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2021
£
46,940
628,425
675,365
59,155
5,293
-
-
204
-
3,016
23,811
-
91,479
766,844

Page 32

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

19. Clubs designated funds

Income
Clubs income
Expenditure
Travel
Hall hire
Functions
Other expenses
Net movement in the year
Balance brought forward
Transfers (to)/from the general fund
Balance carried forward		 2022
£
6,566
6,566
(140)
(860)
(3,717)
(1,805)
(6,522)
44
46,940
(6,744)
40,240		 2021
£
1,521
1,521
(117)
(1,015)
(271)
(348)
(1,751)
(230)
57,475
(10,305)
46,940

Club activities are co-ordinated through a number of area committees, many of which have their own financial activities. The number of club and area accounts included above is 27 (2021: 34).

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
468,581
100
184,317
(26,007)
626,991		 Restricted
funds
2022
£
-
-
80,298
-
80,298		 Total
funds
2022
£
468,581
100
264,615
(26,007)
707,289

Page 33

4Sight Vision Support (A Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 31 March 2022

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
484,310
100
219,352
(28,397)
675,365		 Restricted
funds
2021
£
-
-
91,479
-
91,479		 Total
funds
2021
£
484,310
100
310,831
(28,397)
766,844

21. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,093 (2021 - £11,395).

22. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

23. Related party transactions

The charity owns 100% of the issued share capital of 4Sight Trading Limited (Company 4654280). The company was dormant throughout the current year and accordingly no amounts were receivable during the year or at the balance sheet date.

During the year, no trustees received any remuneration nor any expenses (2021: Nil).

There are no other related party transactions which require disclosure.

Page 34