Registered number." 03818652
Charity number: 1078504
1411012024 15.'41
Sight Support Worthing Ltd (formerly Worthing Society for the Blind)
(A company limited by guarantee)
Unaudited
Trustees. report and financial statemen
For the year ended 31 March 2024

120
41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Contents
Page
Reference and administrative details of the company, its Trustees and advisers
Trustees, report
Independent examiner's report
statement of financial activities
10-11
12
Balance sheet
13-14
Notes to the financial statements
15-32

12
41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Reference and administrative details of the company, its Trustees and advisers
For the year ended 31 March 2024
Trustees
Mr N Clarke
Mrs C C Ward {Chairl
Mrs D Darters (resigned 19 February 20241
Mr Adil Siganporia
Miss A Blackman (appointed 3 October 20231
Miss K O'Haire (appointed 16 October 20231
Miss L J TL(nbridge-Adams (appointed 1 November 2023)
Company registered number
03818652
Charity registered number
1078504
Registered office
48 Rowlands Road
Worthing
West Sussex
BN113JT
General Manager
Sonia Baker
Accountants
Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
P020 7AJ
Page 1

12
41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Trustees, report
For the year ended 31 March 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Constitution
Sight Support Worthing is a company limited by guarantee and a registered charity governed by its
memorandum and articles of association. Company Number 3818652., Charity Number 1078504.
The Directors of the charitable company are its Trustees for the purposes of charity law and throughout this
report are collectively referred to as the Trustees.
New Trustees are recruited, interviewed and co-opted by the current Board of Trustees prior to a formal vote by
members at an AGM.
In accordance with the Articles of Association there is a time limit for Trustees to serve at which point they may
be nominated (by the Board or members) for re-election at an AGM.
Decision making is undertaken - and formally minuted - by Trustees at regular (currently monthly} Board
meetings.
Trustees and Directors
The Trustees serving throughout the period of this report
Mrs C Ward
appointed as Chair by Bo
Mr N Clarke
appointed November 20rt
Mrs D Darters
Mr Adil Siganporia
formally elected in Oct.
Mrs A Blackman
formally electegin.O
ober 2023
Mrs L Tunbridge-Adams formally elect6d in
er 2023
Mrs K O'Haire
Co-opted Novethb
023
Mrs J Alwright
Co-opted Februarf2024
ebruary 2023
,stood down January 2024
statutory Information
The Chairperson and Trustees present their Annual Report and unaudited financial statements for the year to 31
March 2024.
The legal and administrative information forms part of this report. The financial statements comply with all
current statutory requirements, including.. the Society Memorandum and Articles of Association, Statement of
Recommended Practice- Accounting and Reporting by charities (SORP 2019), Charity Commission Leaflets
CC14 and CC19,' and the Companies Act 2006.
Page 2

41
Sight Support Wvorthing Ltd
(A company limited by guarantee)
DRAF
Trustees. report (continued)
For the year ended 31 March 2024
Aims of the Charity
The aims of the charity are to support visually impaired people to achieve independence and wellbeing in their
daily lives, particularly but not solely, where there is no other support available through locallcentral government
or other charitable or public organisations, through..
a range of accessible social activities.,
providing one-to-one assistive technology support and advice on equipment.,
offering services to enhance mental wellbeing
working with the public, private and other third sector organisations to provide referral pathways
general advice and assistance on a variety of issues related to living with vision impairment.
support with all manner of appointments medical and others, wherever they may be and wherever possible.
The overall aim is to be adaptable and relevant to the needs of our individual Members, insofar as we can. A key
factor is involving or seeking feedback from members in decisions about them. We are mindful of the different
needs of those at different stages of sight loss. Our services are built on open communication and trust between
the Charity's staff, volunteers and members.
While we are based in Worthing, we are available to anyon
logistics allow, we in¢lude members in any location.
ho can access our services. Where resources and
We have where necessary recruited staff and volunteerg
while remaining conscious of maintaining our face-￿'_fag.e
improve upon the range and quality of our services,
esence and familiar relationship with our members.
Additionally, we are delivering indirect support,-by.eXP_anding our training workshops to external businesses and
organisations. These workshops challenge pércgptiohÈ and builds awareness which helps remove barriers to
equity and inclusion for visually impaired
le of all ages.
Some of our recent activities have challe
erceptions and encouraged our members to experience activities
that were previously inaccessible or out of their comfort zone, for example.
Flying with Aerobility, driving the Brands Hatch Circuit. cycling on a specific designed track, ten pin bowling,
shooting, climbing and axe throwing to name a few.
Funding was secured for historical walks around the area of Worthing allowing members to learn and feel
more connected to Worthing and its history.
Funding was secured for a cookery course for people to learn or relearn cookery skills and try accessible
kitchen equipment.
The Charity has improved and continues to enhance the data collection process enabling reporting and
statistics to be more readily available.
Page 3

DRAF
Sight Support Worthing Ltd
IA company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Financial Report
This financial year's income comprised of dividend income from investments, drawdown funds from the sale of
investments and legacy receipts. Sight Support Worthing continues to receive a grant from the national lottery.
For many years the day-to-day costs of running the charity, supporting the members, and maintaining the centre
in Rowlands Road have been covered by the dividend payments received from the charity's investment
portfolios, under the management of Investec Wealth and Investment.
Post COVID the cost base of the charity has changed greatly resulting in staffing, administrative and HQ
expenses doubling in line with expectations. Following recent changes made to the articles of association for the
charity, Sight Support Worthing now reaches a wider audience. This change has been managed in Sine with the
charity's objectives and the board's expectations.
Since the start of the 'Technical Support, service to the charity's users, a couple of years ago, the service users
have greatly benefitted. The service encompasses all aspects of IT help, including the demonstration of the wide
range of aids available to assist the visually impaired. The number of users requesting this service has grown
exponentially and is growing still further and helping the charity's name and reputation reach a wider audience.
Last year saw the introduction of a counselling service to furt
continues to be funded by a grant from the national lottery.
r support the visually impaired. This service
Sight Support Worthing have recently taken on a fundra-is
we look fO￿ard to raising the profile of the charity 9till,l.u
In a full-time role to work with the marketing team as
This yearfs income and expenditure account
aleficit for those reasons mentioned above.
financially sound.
The financial statement confirms that th
The overall net funds of the charity at the
end were £3,076,21412022. £3,212,480).
Page 4

. 1411012024
1&"41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Trustees, report (continued)
For the year ended 31 March 2024
Investments and Reserves Policy
The Trustees, policy regarding the charity's investments continues to seek a balance bel￿een investments to
generate income for the immediate {on-going} needs and to provide funds for contingencies and capital projects.
The investment portfolios are managed on behalf of the charity by Investec Wealth and Investment. The charity's
Trustees receive regular reports from the Investec Investment Manager who normally attends at least one Board
meeting during the year to give a personal report. However, in the period of this report a full formal document
was discussed via a video-link.
The Trustees are fully satisfied that Investec are providing a reliable and effective service.
At this stage, given that the Trustees have not made any financial commitments to specific and significant future
project expenditure, the Board is not designating any of the charity's financial resources as "restricted" in the full
Accounts.
The Board of Trustees have examined the charity's requirements for reserves considering the main risks to the
organisation. It has established a policy whereby those funds not invested in tangible fixed assets should be
between 6 months to one year of expenditure. The target is £200,000 to £400,000 in general funds. The
reserves are there to enable the charity to maintain current and ever-increasing activities and allow for any
significant drop in income. The charity has more recently stgrtKd moving towards offering technology and
equipment along with support, such as phones, tablets,
ecific ¥pvices to the members. This has necessitated
taking on new staff members and the resulting increasé-'to_ &udgeted expenditure. It is felt that this area of sight
support will. in the future, require much more emphasis by yay of funding. To achieve that position, the Board
has set an Objective to establish a strategy for raisi
nds, initially directed to support specific projects.
The Board has to also consider the financial Impact-wi
h regard to the maintenance of the premises, ensuring
that all matters regarding fire risk, health.afid sate_ty not only with the premises but the charity's minibus and car
are continually assessed in accordance
pecific respective requirement.
The Board has also considered the importance of continually updating all areas of training associated to health &
safety, risk assessments for all manner of activities or events. This involves all SSW employees, volunteers, and
any third parties who may become associated with the members of the charity for any specific activity whether
internal or external to the charity's headquarters. Training in such areas is equally important for any external
activities our members may become involved in.
Both unrestricted and endowment funds are structured that approximately 75,/0 of the underlying investment is in
the form of equities. SSW have regular contact with Investec, the wealth management fund, who administer the
funds to ensure control is exercised.
Page 5

.. 1411012024.
15:41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Trustees. report (continued
For the year ended 31 March 2024
Trustees Responsibilities in Respect of Financial Statements
The Trustees (who are also Directors for the purposes of Company law) are responsible for preparing the
Trustees Report and the financial statements in accordance with applicable law and UK Accounting Standards
and ultimately are fully accountable for all aspects of the Charity's operations and finance.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the financial standinglperformance of the charitable company and of the incoming resources and
application of resources including the income and expenditure for the year. In preparing these statements the
Trustees are required to..
Select suitable accounting policies and apply them consistently
ObseNe the methods and principles in the charities SORP
Make judgments that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements
Prepare the financial statements on a 'going concern, basis unless it is inappropriate to assume the charity
will continue in business
The Trustees are responsible for keeping adequate accounlrfq records that disclose, with reasonable accuracy
at any point in time, the financial position of the charity egablin)'.Ihem to ensure that the financial statements
comply with the Companies Act 2006 and applicable la￿￿. Twe TrL15tees are also responsible for safeguarding the
assets of the charity and hence for taking reasonab
stèps for the prevention and detection of fraud and any
other irregularities.
Trustees Actions
To maintain the Trustees ability to moniEr the
rities frnancial performance throughout the year, the Trustees
have oontinued their programme of montFlly fylancial reports that provide a detailed summary of income and
expenses. This enables a regular review to be undertaken by the Trustees whereby any unexpected fluctuations
in the anticipated income or expenses can be readily identified and where necessary, specific actions can be
instigated to address any matters of concern.
Page 6

1411.012024
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Trustees, report (continued)
For the year ended 31 March 2024
Board of Trustees Future Business Objectives and Initiatives
Our Pur
ose
Is to promote and improve the independence and wellbeing of visually impaired people.
Our Mission
Our mission is to enhance the lives of our service users by providing accessible activities., promoting inclusivity,
understanding and acceptance in the community, and advocating the rights of people with vision impairments to
live independent and fulfilling lives.
We will always aim to be a warm, welcoming Charity with a local vibe, who really get to know our members and
their supporting networks.
In add ition, we will whenever and wherever possible work in collaboration with others to bring about social
change for the local Vl community, and will support any visually impaired person who contacts SSW for
assistance, regardless of their location.
SSWS Ke
Ob
ectives
1. Continue to improve our communications with Mem
maintain their well-being.
2. Further extend the range of services SSW provi.d,o.s tolelp the Vl community fully exploit the use of
technology..
3. Continue the "well-being" and counsellingfetsic
o provide support where needed. This service started in
the latter part of 2022 and has proven tobeAY
much needed service with great success. To date it is
funded by a Heritage Lottery Fundingorant'foi which a further application will be submitted during 2024.
4. To further extend our collaborative Work w
th other charities and organisations. Whereby SSW continue to
create relationships with other seNice>
re appropriately researching all avenues of assistance for the
visually impaired.
5. Find additional avenues for'advertising" the services that SSW offers the Visually impaired people of all
ages so as many as possible can benefit from what we have to offer.
6. Develop a plan for raising funds, perhaps initially for specific SSW projects whilst considering the potential
benefits of a more specific role being created.
7. Review and seek sponsors that have interest in and for more specific activities.
8. Further encourage all staff to embrace training programmes which will benefit them in their roles within the
team of SSW employees.
9. To review and seek suitable and willing public persons to become an 'Ambassadorf for the Charity-
rsto
vide whatever support is needed in order to
Page 7

1411012024
15:41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Trustees, report Icontinued)
For the year ended 31 March 2024
Management Organisation and Infrastructure
Staff
The day-to-day responsibility of running the charity, providing the wide range of services to its members and
ensuring the maintenance of the Centre in Rowlands Road is the responsibility of the staff who are funded by the
Charity.
The Executive Manager reports to the Board and attends every Board Meeting. In addition, to ensure an open
level of communication, invited to attend pre-scheduled meetings to brief the Board on their progress and issues
associated with their main roles or a specific exercise they have been tasked with. The Executive Manager,
Assistant Manager and all Staff hold weekly team briefings and summarised reports are forwarded to Trustees.
Alternatively, and on request there may be additional managerial reports issued ahead of any Board meeting to
enable more specific queries to be raised if necessary.
The Board would like to record their continued and most sincere thanks to all the staff for their collective
enthusiasm and initiatives in developing and implementing ways of delivering the Board's Objectives which have
sometimes taken them out of their comfort zone. The Board would also like it noted that it had extreme pleasure
in recognizing one staff member's 30 years of service on 30th January 2024.
Volunteers
The charity continues to be hugely dependant on its volunwers who provide important input across many
activities that are in place to support members no matterWherever those activities may take place. It would be
impossible to sustain the current levels of service wi
t their commitment and enthusiasm. Thank you.
Board of trustees
The Charity is managed by a Board of
ste
who are responsible for setting out the overall strategy and aims
of the Charity. The Board meets every mohyl" and receives Reports from the salaried SSW Executive Manager
and staff members. setting out progress, issues and a summary of expenditure. It is intended that the Executive
Manager attends wherever possible every Board Meeting. The aim is to ensure transparency, openness and
trust across all those who have a responsibility for supporting the Charity's Members. The Executive Manager,
and Assistsnl Manager are always willing to answer any queries raised by the Trustees and discuss matters with
the Chairperson who reports back to the Board.
There is a detailed Staff Handbook and a separate set of Policy documents covering all areas of the Charities
responsibilities. Some of those Policies relate to volunteers and to Members to ensure that everyone
understands their roles and responsibilities. An Induction and Training pack is in place for volunteers (including
Trustees) which covers specifi¢, practical training for working with the visually impaired.
The SSW Board is ultimately responsible for setting levels of staff pay and the Board has an Annual Review
process to determine appropriate levels of pay increases.
The Charity's Finanoes are reviewed at every Board Meeting, at which the levels of income and expenditure are
reviewed Any unexpected fluctuations are discussed and reviewed to determine whether or not there is an
underlying issue that needs to be addressed. Any potential risks or issues relating to future plans are reviewed at
those Meetings and any necessary action is discussed, approved, implemented and monitorèd.
Regarding the longer-term, there are no known factors likely to affect the Charity's future financial position nor its
ability to deliver the agreed Objectives.
As al the end of this report period 31 st March 2024 the Board is made up of seven Trustees including one co-
opted member of Sight Support Worthing.
Page 8

Sight Support Worthing Ltd
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Small Companies Exemption
The report of the Trustees and Directors has been prepared taking advantage of the small companies,
exemption in Section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mrs
C Ward
(Chair of Trustees)
Date.
Page 9

. 1411012024.
15:41
Sight Support Worthing Ltd
(A company limited by guarantee
DRAF
statement of financial activities (incorporating income and expenditure account
For the year ended 31 March 2024
Unrestricted
funds
2024
Restricted Endowment
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and
endowments from:
Donations and legacies
Charitable activities
28,484
11,695
11,558
72,680
89,880
118,364
11,695
11,558
82,784
73,914
9,912
6,593
116,956
Other trading activities
Investments
10,104
Total income and
endowments
124,417
89,880
10,104
224,401
207,375
Expenditure on..
Raising funds
Charitable activities
16,979
407,984
1,297
18,276
487,040
10,992
407,574
79,05.P
Total expenditure
424,963
IT9,P56
1,297
505,316
418,566
Net
(expenditure)lincom
e before net
gainsl(losses) on
investments
13
546
10,824
8,807
1280,915)
1211.191}
Net gainslllossesl on
investments
Net
{expenditure}lincom
162,891
118,242)
144,649
{223,7671
(137,655)
10,824
(9.435)
(136,2661
{434,958)
Transfers between
funds
16
10,104
(10,104)
Net moveTnent in
funds
(127,551>
10,824
(19,5391
(136,266)
(434,958)
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
2,711,187
(127,551)
25,961
10,824
475,332
119,539)
3,212,480
{136,266)
3,647,438
1434,9581
Total funds carried
forward
2,583,636
36,785
455,793
3,076,214
3,212,480
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 32 form part of these financial statements.
Page12

141.19.12024 .
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Registered number.. 03818652
Balance sheet
As at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
12
519,641
2,423,548
531,047
2,253 930
13
2,943,189
2,784,977
Current assets
Stocks
Debtors
Cash at bank and in hand
648
4,097
16,131
429,509
14
14,452
134,981
150,081
449,737
Creditors.. amounts falling due within one
year
15
qS6)
{22,234)
Net current assets
133,025
427,503
Total net assets
3,076,214
3,212,480
Charity funds
Endowment funds
Restricted funds
Unrestricted funds
16
455.793
36,785
2,583.636
475,332
25,961
2,711,187
16
16
Total funds
3,076,214
3,212,480
Page13

S:41
Sight Support Worthing Ltd
(A company limited by guarantee)
Registered number: 03818652
Balance sheet (continued)
As at 31 March 2024
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
(Chair of Trustees}
Date..
The notes on pages 15 to 32 form part of these fin
'eial stbtements.
Page 14

.1411¢12024.,
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
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 IFRS 1021 {effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006.
Sight Support Worthing Ltd 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 Company status
The company is a private company, limited by guarantee, incorporated in England & Wales. The
members of the company are the Trustees named on page 1. In the event of the company being
wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
1.3 Going concern
At the time of approving the financial statetff
charity has adequate resources to Con￿[W￿1n?
the trustees continue to adopt the
statements.
the trustees have a reasonable expectation that the
erational existence for the foreseeable future. Thus
cern basis of accounting in preparing the financial
1.4 Income
All income is recognised once
e company has entitlement to the income, it 15 probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either. the company is aware
that probate has been granted, the estate has been finalised and notification has been made by the
execulorlsl to the Trust that a distribution will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the company has been notified of the executor's intention to make a
distribution. Where legacies have been notified to the company, or the company is aware of the
granting of probate, and the criteria for income recognition have not been met, then the legacy is
treated as a contingent asset and disclosed if material.
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 donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
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.
Page15

Sight Support Worthing Ltd
IA company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Accounting policies Icontinuedl
1.5 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.
Support costs are those costs incurred directly in support of expenditure on the objects of the
company and include general overheads of the day centre (which includes the head once).
Governance costs are those incurred in connection with administration of the company and
compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are
support costs and costs relating to the g
activities.
ts incurred on the company's operations, including
ce of the company apportioned to charitable
ern
1.6 Government grants
Government grants relating to tangib16 f¢X
d assets are treated as deferred income and released to
the Statement of financial acti'vities kover the expected useful lives of the assets concerned. Other
grants are credited to the Sta'temeht of financial activities as the related expenditure is incurred.
1.7 Tangible fixed assets and dep
eciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿een the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activities incorporating income and expenditure
account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives an the following bases..
Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
75 years straight line
25 % straight line
25Q/o Straight line
33.30/0 Straight line
Page16

1411912014,
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
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 'Gainsl(Lossesl on
investments, in the Statement of financial activities.
1.9 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company., this is normally upon notification of the in.terest paid or payable by the Bank.
1.10 Stocks
Stocks are valued at the lower of ¢ost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes a
direct costs and an appropriate proportion of fixed
and variable overheads.
1.11 Debtors
Trade and other debtors are recogniseN
Prepayments are valued at the am
settlement amount after any trade discount offered.
aid net of any trade discounts due.
1.12 Cash at bank and In hand
Cash at bank and in hand incltié
of three months or less from the
cash and short term highly liquid investments with a short maturity
ate of acquisition or opening of the deposit or similar account.
1.13 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 comparsy
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.
1.14 Financial instruments
The company 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.
1.15 Pensions
The company operates a defined contribution pension scheme and the pension charge represent5
the amounts payable by the company to the fund in respect of the year.
Page 17

,,1411012024..
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Accounting policies (continued)
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 company and which have not been designated for other
purposes.
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.
The endowment fund was set up with the purpose of the income to be used for the day to day
running costs of the charity.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Donations
6,969
8,332
9,007
4,176
6,969
8,332
98,887
4,176
Legacies
Grants
Government grants
89,880
28,484
89,880
118,364
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Donations
Legacies
Grants
5,893
16,885
3,898
5,893
16,885
51,136
47,238
26,676
47,238
73,914
Government grants were received in the prior year in relation to the Coronavirus Job Retention Scheme.
Page18

Sight Support Worthing Ltd
(A company limited by guaranteel
Notes to the financial statements
For the year ended 31 March 2024
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Costs recovered
11,695
11,695
Unrestricted
funds
2023
Total
funds
2023
Costs recovered
9,912
9,912
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2024
Total
funds
2024
Fundraising income
6,410
6,410
Unrestricted
funds
2023
Total
funds
2023
Fundraising income
2,125
2,125
Page19

.1411012
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Income from other trading activities (continued)
Income from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Resource room sales
5,148
5,148
Unrestricted
funds
2023
Total
funds
2023
Resource room sales
4,468
4,468
Investment income
Unrestricted Endowment
funds
funds
2024
2024
Total
funds
2024
Listed investments
Interest receivable
72,202
478
10,104
82,306
478
72,680
10,104
82,784
Unrestricted Endowment
funds
funds
2023
2023
Total
funds
2023
Rental income
200
200
116,551
205
Listed investments
Interest receivable
103,546
205
13,005
103,951
13,005
116,956
Page 20

DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Stock expense
7,838
7,838
other trading expenses
Unrestricted
funds
2024
Total
funds
2024
Resource room
263
263
other trading expenses (continuetl
Unrestricted
funds
2023
Total
funds
2023
Resource room
670
670
Page 21

1411012024..
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Investment management costs
Unrestricted Endowment
funds
funds
2024
2024
Total
funds
2024
Investment management fees
8,878
1,297
10,175
Unrestricted Endowment
funds
funds
2023
2023
Total
funds
2023
Investment management fees
8,540
1.782
10,322
Page 22

.. 1411Q12024. ,
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Day Centre
Rowlands Road
407,536
17,231
62,273
469,809
17,231
424,767
62,273
487,040
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Day Centre
Rowlands Road
324,749
21,146
61,679
386,428
21,146
345,895
61,679
407.574
Page 23

1,411012.Q.14:
DRAF
Sight Support Worthing Ltd
IA company limited by guarantee
Notes to the financial statements
For the year ended 31 March 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
Rowlands
Road
2024
Total
funds
2024
Day Centre
2024
Staff costs
Activities
347,238
3,066
134
347,238
3,066
134
Insurance
Gardening
Light and heat
Rates
178
178
6,757
222
6,757
222
Cleaning
Repairs and maintenance
Accounting fees
Postage, printing, stationery and telephone
Other expenses
Computer costs
Security
5,908
5,908
12,355
5,628
6,840
30,661
5,078
702
12,355
5,628
6,840
27,197
5,078
3,464
702
407,536
17,231
424,767
Rowlands
Road
2023
Total
funds
2023
Day Centre
2023
staff costs
Activities
Insurance
255,968
2,390
4,988
255,968
2,390
4,988
71
Gardening
Light and heat
Rates
Cleaning
Repairs and maintenance
Accounting fees
Postage, printing, stationary and telephone
Other expenses
Computer costs
Security
71
6,586
222
6,586
222
4,534
4,534
22,202
6,236
6.095
27,379
3,834
5,390
22,202
6,236
6,095
23,036
3,834
4.343
5,390
324,749
21,148
345,895
Page 24

1411012024.
15:41
Sight Support Worthing Ltd
(A company limited by guarantee
DRAF
Notes to the financial statements
For the year ended 31 March 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs (continued
Analysis of support costs
Total
funds
2024
Day Centre
2024
Depreciation
Repairs and maintenance
Postage, printing, stationary and telephone
Other expenses
Advertising
Computer costs
{Gain}/Loss on disposal of fixed assets
Governance costs
11,858
668
11,858
668
81
81
29,229
10,421
8,589
(2,0831
3,510
29,229
10,421
8,589
(2,083>
3,510
62,273
62,273
Total
funds
2023
Day Centre
2023
Depreciation
Repairs and maintenance
Postage, printing, stationary and telephone
Other expenses
Advertising
Computer costs
Governance costs
14,505
494
14,505
494
336
336
20,673
9,117
12.954
3,600
20,673
9,117
12,954
3,600
61,679
61,679
Page 25

..1411.012024.
45.4
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Notes to the financial statements
For the year ended 31 March 2024
Independent examiner's remuneration
2024
2023
Fees payable to the company's independent examiner l auditor for the
independent examination l audit of the company's annual accounts
Fees payable to the company's independent examiner l auditor in respect
3,180
3,600
Accounting services
2,100
1,200
10. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension sch
315,569
23,569
8,100
234,308
15,794
5,866
347,238
255,968
The average number of persons e
b'ykne company during the year was as follows..
2024
No.
2023
No.
Total
12
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration paid to key management personnel was £43,032 (2023 - £42,071).
11.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits12023 - £NILI.
During the year ended 31 March 2024, expenses totalling £568 were reimbursed or paid directly to 1
Trustee {2023 - £1,088}. The expenses were incurred towards project running costs.
Page 26

1411012024
DRAF
Sight Support Worthing Ltd
(A company limited by guaranteel
Notes to the financial statements
For the year ended 31 March 2024
12. Tangible fixed assets
Freehold
property
Motor Fixtures and
vehicles
fittings
Computer
equipment
Total
Cost or valuation
At 1 April 2023
Additions
567,528
97,218
39,552
3,137
(10,336}
10,386
232
714,684
3,369
115,336)
Disposals
(5,000)
At 31 March 2024
567,528
92,218
32,353
10,618
702,717
Depreciation
At 1 April 2023
Charge for the year
On disposals
54,475
4,540
94,301
31,989
3,817
(10,336)
2,872
3,501
183,637
11,858
(12,4191
42))83)
At 31 March 2024
59,015
2,218
25,470
6,373
183,076
Net book value
At 31 March 2024
508,
6,883
4,245
519,641
At 31 March 2023
513,053
2,917
7,563
7,514
531,047
Page 27

1411012024
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
13.
Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2023
Additions
2,253,930
1,897,343
(1,872,374)
144,649
Disposals
Revaluations
At 31 March 2024
2,423,548
Net book value
At 31 March 2024
2,423,548
At 31 March 2023
2,253,930
14. Debtors
2024
2023
Due within one year
Trade debtors
150
14,302
Prepayments and accrued income
16,131
14,452
16,131
15. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
other taxation and social security
Accruals and deferred income
3,471
8,305
5,280
10,652
6.782
4,800
17,056
22,234
Page 28

15:41
Sight Support Worthing Ltd
IA company limited by guarantee)
DRAF
Notes to the financial statements
For the year ended 31 March 2024
16. Ststement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
General Funds
2,711,187
124,417
1424,9631
10,104
162,891
2,583,636
Endowment
funds
Endowment
Fund
475,332
10,104
(1,297)
{10,104
(18,2421
455,793
Restricted
funds
Wellbeing
National
Lottery
Steyne gardens -
Rampion
Wellbeing walks
- Tesco
23,367
174,935)
28,812
2,253
(2,052)
201
341
(341)
Albert Hall Trust
Children's
Counselling
Community
Safety Fund -
Scam
Awareness
4,000
4,000
3,500
1738}
2,762
Sussex
Community
Foundation
2,000
19901
1,010
25,961
89,880
(79,0561
36,785
Total of funds
3,212,480
224,401
(505,3161
144.649
3,076,214
Page 29

. 1411012024.
f5:41
Sight Support Worthing Ltd
(A company limited by guarantee)
DRAF
Notes to the financial statements
For the year ended 31 March 2024
16. Statement of funds (continued)
The endowment fund was previously set up on receipt of £350,000 from the Brighton and Worthing
Charitable Trust for the Elderly. The income from the fund will be used to off-set the Society's day to day
running costs as specified by the Society as part of the Trust winding up agreement.
Restricted Funds
Wellbeing national Lottery - for counselling and wellbeing services. To pay for 2 salaries and associated
infrastructure.
Steyne gardens Rampion - for the Steyne Gardens project in Worthing town centre. For plants, gardening
equipment and supplies.
Wellbeing Walks Tesco - This paid for transportation to enable seNice users to participate in 12 leisure
walks to support their health and wellbeing.
Community Safety Fund - Scam Awareness - Grant issued by the Police and Crime Commissioner to
deliver crime prevention and community safety initiatives. Our grant was to provide scam awareness
workshops to our vulnearable clients.
Albert Hall Trust Children's Counselling - To com
counselling for under 18-year-olds.
ment
r existing counselling service by providing
Sussex Community Foundation They providèd
Irant for a course of cooking lessons for people with
visual impairments using accessible ki
eq¥ipment.
Page 30

.1411012024...
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
16. Statement of funds (continued)
statement of funds - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Transfers
inlout
Gainsl
{Lossesl
Income Expenditure
Unrestricted
funds
General Funds
3,127,491
147,132
(395,5071
13,005
(180,9341
2,711,187
Endowment
funds
Endowment
Fund
519,947
13,005
{1.782)
113,005}
{42,8331
475,332
Restricted
funds
Wellbeing
National
Lottery
Steyne gardens -
Rampion
Wellbeing walks
Tesco
119,323)
23,367
,548
11,295)
2,253
1,000
{6591
341
47,238
121,2771
25,961
Total of funds
3,647,438
207,375
(418,566}
(223.7671
3,212,480
Page 31

,. 141.1012024. .
DRAF
Sight Support Worthing Ltd
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
17.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted Restricted Endowment
funds
funds
funds
2024
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
519,641
1,967,755
113,296
117,056)
519,641
2,423,548
150,081
(17,056)
455,793
Current assets
Creditors due within one year
36,785
Total
2,583,636
36,785
455,793
3,076,214
Analysis of net assets between funds - prior peri
stric
funds
2023
Restricted Endowment
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
531,047
1,778,598
423,776
122,234)
531,047
2,253,930
449,737
122,234)
475,332
25,961
Creditors due within one year
Total
2,711,187
25,961
475,332
3,212,480
18. Related party transactions
There were no related paty transactions in the year that require disclosure under SORP 2019 (FRS 102}.
19. Pension commitments
The company operates a defined contribution 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 £8,100 {2023 £5,866).
Contributions totalling £1,602 (2023 - £1,201) were payable to the fund al the balance sheet date and are
included in creditors.
Page 32