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2021-03-31-accounts

Registered Charity No. 1080245

Company No. 3762507 (England & Wales)

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 For Sight Airedale

Stirk Lambert & Co. Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS

SIGHT AIREDALE Company No. 3762507

CONTENTS

Page
Annual General Meeting 1
Company Information 2 - 3
Report of the Directors 4 - 14
Independent Examiners Report 15
Statement of Financial Activities 16 - 17
Balance Sheet 18
Notes to the Financial Statements 19 - 28

SIGHT AIREDALE Company No. 3762507

Annual General Meeting for the Year Ended 31 March 2021

The 21st Annual General Meeting of the Charitable Company Limited by Guarantee will be held at 12 noon in The Lena Anderton Meeting Room, 31 Scott Street, Keighley BD21 2JH on a date to be confirmed for the following purposes:-

Opening of the Annual General Meeting and the welcome by the Chairman.

Agenda

  1. Roll Call

  2. Apologies for absence

  3. Minutes of the 2020 Annual General Meeting to approve

  4. Matters arising from the minutes of the 2020 Annual General Meeting

  5. The present Town Mayor of Keighley address given by Town Mayor

  6. Trustees report to 31 March 2021:-

  7. 6.1 Matters arising from the Trustees Report

  8. 6.2 Adoption of The Trustees report to the 31 March 2021.

  9. The Financial Statement to the 31 March 2021:-

  10. 7.1 Matters arising from The Financial Statement

  11. 7.2 Adoption of Financial Statement to 31 March 2021

  12. Election of the Board of Directors and General Committee Members

  13. 8.1 Resignations from the Board of Directors

  14. 8.2 Nominations to the Board of Directors

  15. 8.3 Election of the Board of Directors

  16. 8.4 Resignations from the General Committee

  17. 8.5 Nominations to the General Committee

  18. 8.6 Election of the General Committee

  19. Appointment of Independent Examiner and Accountant

  20. Any other relevant business appertaining to the year ended 31 March 2021

  21. Close of the meeting

Copies of the annual report and accounts are also available in Braille and Large Print on request from the Registered Office.

Chairman

1

SIGHT AIREDALE Company No. 3762507

Company Information for the Year Ended 31 March 2021

Registered Office:

1, Albert Street Keighley West Yorkshire BD21 2AT

Company Limited by Guarantee Number:

03762507

Registered as a Charity Number: 1080245 Patron: Chartered Accountants: Stirk Lambert & Co Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS

Bankers: National Westminster Bank 63 North Street Keighley West Yorkshire BD21 3SN Solicitors: AWB Charlesworth 12-16 North Street Keighley West Yorkshire BD21 3SE Investment Manager: Parkway Chartered Financial Planners 76 Town Street Horsforth Leeds LS18 4AP

2

SIGHT AIREDALE Company No. 3762507

Company Information for the Year Ended 31 March 2021

Directors and Trustees

Directors and Trustees

David L Ogden Chairman, Director (2, 3)
Michael S Boothroyd Vice Chairman, Director
David Hardman Honorary Treasurer, Director (2, 3)
Joyce Hutchinson Director
Avril L Emmerson Resigned October 2020
Anne Broughton Director (1, 3)
Other Trustees
Peter Robinson (1)
Val Bainbridge
Andrew Broughton (1)
Secretary –Vacant

Key to Trustees

  1. Severely Sight Impaired or Sight Impaired Friends of Sight Airedale 2. Member of Finance Sub Committee

  2. Member of Appeals Sub Committee

Approved by order of the board of trustees on 10 January 2022 and signed on its behalf by:

David Ogden - Chairman

3

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).

Number of Registered Friends previously at 31 March 2020: 423

Area Severely Sight
Impaired/Blind		 Sight Impaired/
Partially Sighted		 Total
Barnoldswick & District 4 17 21
Bingley & District 20 41 61
Cross Hills & District 5 14 19
Ilkley and District 18 22 40
Keighley, Silsden, & District 86 146 232
Settle & District 3 2 5
Skipton & District 11 15 26
Total 147 257 404

404 does not include a further 59 people who eligible to be registered but are not registered.

Objects of the Charity:

To advocate, develop and provide services and facilities whether practical, financial or otherwise to support people who are Registered Severely Sight Impaired or Sight Impaired in the sight airedale area to help them achieve independence with dignity in all aspects of life and society.

Chairman’s Statement

During a very difficult year we at "sight airedale" have tried to give some service to or sight impaired clients, this has been curtailed by Covid and the continued health problems with one of our staff.

I personally would like to offer my thanks to my fellow Directors and staff for their continued support, with our Zoom meetings etc.

It is with pleasure that I am able to announce that the society has won a National Award for Antony's work on a sight project. This award was given by Visionary, a national organisation representing local sight loss charities for his work organising Technology Workshops via Zoom together with six other sight impaired charities. Well done Antony!

4

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

It has been very difficult to fundraise during the year but we continue with a reasonably healthy financial situation but I have to say thank you to all who continue to support our work with Legacies. Donations etc.

I hope that I am able to give a much better report in 2022

David Ogden Chairman 10 January 2022

5

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Treasurers Statement

The year showed a surplus of £3,159 compared with a deficit of £3,796 for the previous year, before the unrealised gains on our investment portfolio are taken into account. This was an improvement of £6,955.

Income was down from £65,393 in 2020 to £60,115 in 2021, a decrease of £5,278 or 8%. Donations have decreased from 2020 to £3,319, meeting room hire, and shop sales are also down by £3,713 and £2,034 respectively. Legacies, however, have increased to £27,897.

Total resources expended have shown a decrease of £12,233 or 18%.

This trend was mainly due to a reduction in premises costs and daily living shop costs.

David Hardman Honorary Treasurer

6

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Report of the Directors

For the year ended 31 March 2021, the Directors of sight airedale have pleasure in submitting its report and the independently examined financial statements for the year ended 31 March 2021.

The accounts comply with current statutory requirements, the charity’s governing documents and SORP (revised 2005).

Structure, Governance and Management.

The organisation is a charitable company limited by guarantee. The organisation was established on the 9 May 1907, registered in accordance with the National Assistance Act 1948 on the 7 December 1948, registered under the Charities Act 1985 on the 29 April 1999 number 3762507 and registered under the charities Act 1993 on the 7 April 2000 number 1080245. The charitable company governing document was adopted on the 31 March 2000 and amended on the 5 October 2005 to include beneficiaries’ resident in Ilkley and District and established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. The Charity Commission approved the change of title of the charity from Keighley and District Association for the Blind to sight airedale on the 20 May 2011. In the event of the company being wound up Trustees are required to contribute an amount not exceeding £10.00. The Charity has Trustee liability insurance.

The organisation is governed by a Board of Directors. The Board usually meets monthly. The Board reports to the General Committee three times a year. The Directors are elected by the members of the General Committee, who are Trustees of the charity, at the Annual General Meeting. At the Annual General Meeting, all the Directors retire from office and elections are held to fill these vacancies. Retiring directors are eligible to stand for re-election. The names of the Directors and Trustees of the charity are shown in this report. Trustees do not receive any remuneration for their services to the charity.

Trustee Recruitment and Appointment

Trustees are generally recruited through word of mouth.

Trustee Induction and Training

Prior to appointment, new Trustees receive an induction pack. The induction pack includes the memorandum of association, the latest financial statements, copies of previous minutes and see fact magazine. On appointment, new Trustees have a personalised induction programme, where they attend one to one introductory sessions with the Chairman.

These meetings are designed to cover the main operational framework of the charity, the current financial position and future plans and objectives

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SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Statement of Responsibility of the Directors

Company Law requires the Board to prepare financial statements for each financial year, which give a true and fair view of the organisation’s state of affairs at the end of the year and of its financial activities for that period. In preparing these financial statements, the Board are required to:-

The Board are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the association and enable them to ensure that the financial statements comply with The Companies Act 2006. They are responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board has overall responsibility for the activities of the organisation.

There are currently two Sub Committees, Finance and Appeals. The Board set clear terms of reference for the Committees and receive regular reports on their activities.

Management

The two office-based staff are responsible for the day to day management of the organisation, acting under delegated authority given by the Board of Directors.

Associated Relationships

Sight airedale works with other National, Regional and Local Charities that focus on the needs of sight impaired people. We also have a close contact with two of the three local authority Health and Adult Services Sensory Needs teams.

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SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Risk Management and Internal Controls

The Board continually reviews the major risk a small local charity faces. It is satisfied that the arrangements for managing these risks within the limited staff resources available will ensure that sufficient funds are available to maintain services for the foreseeable future. The charity does not have the resources for an internal audit programme. The charity uses specialist consultants where appropriate. However, the systems are designed to safeguard the charity’s assets, ensure that proper accounting records are maintained and provide reliable information. The Board believes that these systems will provide reasonable but not absolute assurances against errors or fraud. The major risks identified by the Board were a failure to secure adequate revenue finance and a difficulty in recruiting Trustees particularly those with a Sight Impairment.

Key Elements of the organisation Control System Includes the Following:

Aims, Objectives and Activities

The organisation, like all charities is restricted to undertaking only activities that are in accordance with its aims, objects and associated powers.

The aims are “to advocate, to develop and provide services whether, practical, financial or otherwise to support people who are registered severely sight impaired and sight impaired in the Airedale District to help them achieve independence with dignity in all aspects of life and society”

The main objectives and activities for the year continue to focus on information and support for Severely Sight Impaired and Sight Impaired people. The strategies employed to assist the charity meet these objectives include the following:

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SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Public Benefit Statement

The Trustees have complied with their duty to have due regard to the guidance on public benefit in exercising their powers or duties.

Achievement and Performance

The main areas of charitable activity are information, support services and benefit and grant enquiries.

Information

Information is requested through the helpline and visitors to the office on the services of sight airedale and enquiries about other sight impairment providers. The main outlet for information is the charity’s see fact magazine sent out three times a year in seven different formats: Large Print (16pt), CD, Tape, Braille, Email, MP3 Memory Stick and eBook to 511 Friends of sight airedale and volunteers, supporters and Health Professionals.

People requesting information on Daily Living Aids and Magnifiers continues to be the most popular type of enquiry followed by help and information on technology such as tablets and mobile phones.

Work is underway to produce a welcome pack for newly registered friends of sight airedale, this will provide information on the services provided by the charity

Volunteers

The work of Sight airedale owes much to the support the charity receives from its 20 volunteers. The majority of voluntary work is carried out in our Social Centres, however contributions are made on the Board of Directors, General Committee, Sub Committees, Appeals events, Audio Book Library and the production of the Magazine.

Support Services

Our volunteer organisers and voluntary helpers deliver the Social Centres service. Without their commitment, this service could not be delivered and addresses the social isolation often experienced by Severely Sight Impaired and Sight Impaired people. Our social centres closed down in March 2020 due to the Pandemic. We had hoped to run virtual social centres which have been successful in other societies but there was insufficient interest from our social centre members.

We hope to resume physical social centres, once it is safe to do so.

Following on from our previous success with living with sight loss courses, we hope to run Living with Sight Loss courses again once it is safe to do so, we’d also like to investigate running virtual information days using remote technology.

10

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

The Daily Living Shop has had 10 contacts compared with 71 in 2020/2021. This service offers demonstrations of specialised equipment designed for Sight Impaired people, carried out by members of the team. The greatest demand continues to be for Low Vision Assessments. This reduction has been due to the Daily Living Shop been closed due to the pandemic. We did offer a virtual service, which other societies have had success with, but did not have any takers.

Our six rented properties have been fully occupied. One tenant is a Friend of sight airedale. The funds from this service continue to be a valuable source of unrestricted income.

Fundraising

The members of our Appeals sub-committee undertake all fundraising; we do not use professional fundraisers. We have received no complaints in regards to our fundraising activity. We will be formulating a policy for venerable donors, however we do not undertake unsolicited fundraising such door-to-door, telephone or text message. Our only mailing, which contains fundraising information, is our newsletter, which is sent out three times a year. Recipients are advised that they can opt out of receiving our newsletter through a statement in our newsletter and our privacy policy, which is published on our website and available from our registered office. With BT announcing in January 2019 that they would be closing their BTMyDonate online fundraising platform in June 2019, we switched to Virgin Money Giving. We chose Virgin Money Giving as after BTMyDonate they give the best value for money for both charity and donor.

Grant Requests

There have been no grant applications during the year

Technology Support Service

Choosing a new mobile phone, tablet or computer is confusing for most people. For Sight Impaired people, the problem is made worse by having to

take into account the accessibility features of the product. Sales people in high street stores often have little or no experience in the needs of customers with Sight Impairment. We identified the need to establish a service where Sight Impaired people could gain access to information on the range of technologies available and provide an opportunity to try out different products in a nonsales environment, guided by a member of the team with expertise in technology for Sight Impaired people. In addition to providing pre-purchase support, we also provide ongoing technical support and training. Face to face sessions have been suspended due to the pandemic, however we have been able to provide some remote training sessions and information over the phone.

By working in collaboration with other local sight loss organisations around the country we hope to offer virtual technology works shops once a month on a variety of different topics related to technology for people living with sight loss. This collaborative project will give us access to guest speakers and technologies that would not be available to us working alone.

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SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Braille Learning

We had no students attend Braille learning during 2020/2021, due to the Pandemic

Transcription Service

The aim of the service is to provide local sight impaired people, voluntary and commercial organisations with a resource for providing accessible versions of documents. We are now able to convert documents into Braille, Audio CD, Text and eBook Formats and Large Print.

We have seen a reduction in demand for Braille. In part, this is due to recent advances in mobile technology that give sight impaired people wider access to reading materials.

From the 1 April 2020 to the 31 March 2021 we had two external transcription jobs bringing in an income of £30. Compared with £38 the previous year and two external transcription jobs.

The see fact magazine accounts for the majority of internal transcription work. We provide see fact in nine different formats, Large Print, Braille,

MP3 Memory Stick, Audio CD, Audio Cassette, Email (PDF, HTML, MP3 Download, eBook formats for both the Kindle and iPad).

Digital Audio Library

Between the 1 April 2020 to the 31 March 2021, 30 books were loaned to 4 people compared with the previous year when 8 people borrowed 107 books.

There are currently 2,138 titles available for loan, books are dependent of people donating titles. Thanks have to go to the continuing hard work of the volunteers, Jack and Joan Coan and Elsie Altass.

Plans for the future

The Coronavirus Pandemic continues to be our main challenge for the year ahead. Though hopefully now with a vaccine there will be some light at the end of the tunnel. Our main challenge will be to re-establish face-to-face services and our social centres in the safest way as possible. We will be moving our main office into our 31 Scott Street premises as 1 Albert Street does not allow for social distancing.

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SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

31 Scott street also offers improved accessibility with its level access and lift and it is less confusing for friends of sight Airedale who in the past had to come to one side of the building for their appointment and another side of the building for all other enquiries.

Antony Horner ICT Manager

13

SIGHT AIREDALE Company No. 3762507

1 Albert Street Keighley Report of the Directors for the Year ended 31 March 2021

Financial Review

Free Reserves Policy

The Charity receives its funds through voluntary income as opposed to earned income. The organisation holds free reserves for the following purposes:

During the year free reserves (fixed asset investment) were £262,007 (2020 £224,791)

The level of reserves is equivalent to 16 months running costs plus a designated fund of £100,000 as a building contingency. The free reserves policy is to achieve sufficient free reserves to allow the organisation to find new sources of funding for key work or the restructure in order to maintain continuity and to continue key work in the event of a sudden major loss of funding. In addition, reserves may be used to fund a budgeting deficit. The Finance Sub Committee reviews the free reserves policy once a year

Overview

The Charity had an overall surplus for the year of £35,589 (2020 deficit of £24,629).

Voluntary Income

The organisation is dependent on voluntary income and no earned income is received from or statutory sources. This year the organisation’s voluntary income does not meet its expenditure. It is the view of the directors that all possible areas of income should be considered without compromising the values of the charity and its duty to deal with the issues identified by local severely sight impaired and sight impaired.

Mike Boothroyd Vice Chairman

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SIGHT AIREDALE Company No. 3762507 Independent Examiner’s Report to the Trustees

I report to the trustees on the accounts for the year ended 31 March 2021 set out on pages 16 to 28.

Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 Company 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 charities accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

R J Hudson FCA Institute of Chartered Accountants in England & Wales Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley BD21 3DS

Dated: 10 January 2022

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SIGHT AIREDALE Company No. 3762507

Statement of Financial Activities for the Year to 31 March 2021

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2021|2020| |Unrestricted Restricted|Total|Total| |Note|Funds|Funds Funds|Funds| |£|£|£|£| |INCOME AND EXPENDITURE| |Incoming Resources| |Incoming resources from| |generated funds:| |Voluntary income:| |Donations|3.319|-|3,319|7,635| |Legacies|27,897|-|27,897|18,757| |Activities for generating funds|2|23,565|-|23,565|31,892| |Investment income|3|5,334|-|5,334|7,109| |Grant income|-|-|-|-| |__|_||| |Total Incoming Resources|60,115|-|60,115|65,393| |═════|═════|═════ ═════| |Resources Expended| |Charitable activities|41,148|-|41,148|46,025| |Cost of generating funds|13,472|-|13,472|21,724| |Governance costs|2,336|-|2,336|1,440| |Grant expenditure|-|-|-|-| ||||| |Total resources Expended|4|56,956|-|56,956|69,189| ||||| |Net incoming/ (outgoing)| |Resources before transfers|3,159|-|3,159|(3,796)| |Transfer between funds|-|-|-|-| ||||___| |Net incoming/ (outgoing)| |resources before other recognised| |gains and losses|3,159|-|3,159|(3,796)| |═════|═════ ═════ ═════|

----- End of picture text -----

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SIGHT AIREDALE Company No. 3762507

Statement of Financial Activities for the Year to 31 March 2021

2021 2020
Unrestricted Restricted
Total		 Total
Note Funds Funds Funds
Funds
£ £ £ £
Net incoming/ (outgoing)
resources before other recognised
gains and losses brought forward 3,159 - 3,159 (3,796)
Other recognised gains and (losses)
Unrealised profit/ (losses) on
investment assets 8 32,430 - 32,430 (20,833)
_ _ _ _
Net movement in funds 35,589 - 35,589 (24,629)
Reconciliation of funds
Balances brought forward at
1 April 2020 737,283 51,744 789,027 813,656
__ _ __ __
Balances carried forward at
31 March 2021 772,872 51,744 824,616 789,027
═════ ═════ ═════ ═════

17

SIGHT AIREDALE Company No. 3762507

Balance Sheet
as at 31 March 2021
Note 2021 2020
£ £
FIXED ASSETS
Tangible Assets 7 526,709 532,094
Investments 8 262,007 224,791
_ _
788,716 756,885
_ _
Current Assets
Debtors and prepayments 9 8,299 7,122
Cash at Bank and in hand 10 30,378 28,281
_ _
38,677 35,403
Creditors amounts falling due within one year 11 (2,777) (3,261)
_ _
Net Current Assets 35,900 32,142
_ _
Total Net Assets 824,616 789,027
═════ ═════
Funds
Restricted funds 12 51,744 51,744
Unrestricted funds 772,872 737,283
_ _
Total Funds 824,616 789,027
═════ ═════

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year to 31 March 2021 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for:-

a) ensuring that the charitable company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006 and;

b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements which have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the directors on 10 January 2022 and signed on their behalf by:

....................................................….. David Ogden - Chairman

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SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

1. Accounting Policies

a. Basis of preparation

b. Company status

c. Donations, legacies and voluntary income

The value of services provided by volunteers has not been included.

d. Depreciation of tangible fixed assets

Fixtures and Fittings - 25% reducing balance Computer Equipment - 20% reducing balance Property improvements - 2% on cost

No depreciation is provided on freehold properties since the company maintains the properties to such a high standard that their value is in excess of their cost, improvements however are depreciated over their estimated lives of 50 years.

e. Investments

In accordance with recommended practice listed investments are stated at market value. Changes in market value are included in the Statement of Financial Activities as unrealised gains and losses.

f. Pension costs

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities.

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SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

e. Grants

Grants payable are recorded as direct charitable expenditure when paid.

Grants receivable are recorded under incoming resources wherever the amount is known, otherwise they are accounted for on a cash received basis.

f.

Expenditure

Directly attributable expenditure on staff and other costs are charged to direct charitable expenditure, fund raising or general administration as appropriate.

2. Activities for Generating Funds

2021 2020
£ £
Rents - 3 Sunhurst Close 5,410 6,280
- Flats 17,144 18,629
Contributions from users of
Lena Anderton Meeting Room 100 3,813
Funds from Bingley Social Centre - -
Daily Living Shop 881 2,915
Student fee - 18
Audio Transcription 30 37
Braille learning - -
Other revenue – Hector Moore Scrap metal - 200
______ ______
23,565 31,892
════ ════

3. Investment Income

2021 2020
£ £
Comprises interest from:
National Savings Bond - -
Charities Property Fund 548 641
Old Mutual Wealth 4,786 6,468
Old Mutual Wealth Income Tax - -
COIF Charities Deposit fund - -
Virgin Money Deposit - -
Close Bros Treasury Deposit - -
______ ______
5,334 7,109
════ ════

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SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

4. Total Resources Expended

Charitable Charitable Costs of Governance
Total		 Total Basis of
activities generating costs 2021 2020 Allocation
funds
£ £ £ £ £
Costs directly
allocated to
activities
Appeals costs - (20) - (20) 216 Direct
Daily Living Shop
centre goods - 173 - 173 3,150 Direct
Social centre costs
- Keighley - - - - 798 Direct
- Bingley (160) - - (160) 1,093 Direct
- Skipton - - - - - Direct
- Silsden - - - - - Direct
- Ilkley - - - - 175 Direct
Sight centre
and ICT establishment
costs etc. See note 5 35,176 - - 35,176 35,621 Direct
Depreciation 5,385 - - 5,385 5,801 Direct
Audit fee and
Accountancy - - 2,336 2,336 1,440 Direct
Motor and travel - - - - 189 Direct
Sundries 70 - - 70 670 Direct
Printing, postage and
stationery 497 - - 497 926 Direct
Adverts and publicity 180 - - 180 752 Direct
Legal Fees - 2,598 - 2,598 2,710 Direct
Support costs
allocated to
activities
Premises costs and Floor
associated services - 10,721 - 10,721 15,648 Area
______ ______ ______ ______ ______
41,148 13,472 2,336 56,956 69,189
════ ════ ════ ════ ════

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SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

5. Staff Costs

Staff Costs
Staff costs for all employees were:
Total Total
2021 2020
£ £
Emoluments for employees
Gross pay 34,080 38,454
Social security costs - 2,065
Less refund of national insurance for previous years - (6,000)
Other pension costs 1,096 1,102
______ _____
35,176 35,621

The average number of persons employed during the year was 3 (2020: 3).

There were no high paid staff employed during the year (2020: nil).

No emoluments were paid to members (2020: nil).

Included in other management expenses are chairman’s expenses of £nil (2020: nil).

6. Pension Costs

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.

Contributions to the scheme are charged to the Statement of Financial Activities as they are incurred.

The amount charged to the Statement of Financial Activities during the year was £1,096 (2020: £1,102).

There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

22

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

7. Tangible Fixed Assets

Freehold land Improvements Fixtures Improvements Fixtures Computer Computer
Totals
& buildings to property & Fittings equipment
£ £ £ £ £
Cost
1 April 2020 390,266 186,177 108,307 23,753 708,503
Additions - - - - -
_ _ _ _ _
31 March 2021 390,266 186,177 108,307 23,753 708,503
_ _ _ _ _
Depreciation
1 April 2020 - 52,660 101,946 21,803 176,409
Charge for year - 3,723 1,272 390 5,385
_ _ _ ______ _
31 March 2021 - 56,383 103,218 22,193 181,794
_ _ _ _ _
Net Book Value
31 March 2021 390,266 129,794 5,089 1,560 526,709
_ _ _ _ _
31 March 2020 390,266 133,517 6,361 1,950 532,094
═════ ═════ ═════ ═════ ═════

All fixed assets are held for the charity’s own use on direct charitable activities.

23

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

7. Tangible Fixed Assets (continued)

Freehold properties which are stated at cost comprise:-

2021 2020
£ £
Three flats (formerly 3 Albert Street
and 33 Scott Street, Keighley) 25,391 25,391
Meeting Room, Sight Centre,
and I.C.T. Suite, Scott Street, Keighley 253,728 253,728
1 Albert Street, Keighley
(Headquarters and two flats) 69,147 69,147
Bungalow, 3 Sunhurst Close, Oakworth 42,000 42,000
_ _
390,266 390,266
═════ ═════

24

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

8. Fixed Asset Investments

Fixed Asset Investments
2021 2020
£ £
Quoted
Market value 1 April 2020 224,791 234,454
Additions in the year - 20,000
Disposals in year - (15,000)
Unrealised investment gains/ (losses) 32,430 (20,830)
Investment income generated 4,786 6,167
_ _
262,007 224,791
_ _
Total 262,007 224,791
═════ ═════

Analysis of Quoted Investments

Charities Old Mutual
Property Fund Wealth Account
11,999 Units
£ £
Market value at 1 April 2020 15,177 209,614
Additions - -
Disposals (cost) - -
Net realised and unrealised
gains/(losses) (252) 37,468
______ _
Market Value at 31 March 2021
14,925		 247,082
═════ ═════

25

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

9. Debtors and Prepayments
2021 2020
£ £
Income Tax repayments due 1,268 670
Prepayments 456 432
National Insurance refund due 6,000 6,000
Trade Debtors 575 20
_____ _____
8,299 7,122
════ ════
10. Cash at Bank and in Hand
2021 2020
£ £
Current accounts 28,695 27,827
Deposit accounts 81 81
Cash in hand 1,602 373
_____ _____
30,378 28,281
════ ════
11. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 349 666
Taxation and social security 368 525
Accruals 2,060 2,070
_____ _____
2,777 3,262
════ ════

26

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

12. Restricted Funds

Restricted funds hold donations and other income given for specific purposes. The analysis of net assets between funds is set out in note 13.

----- Start of picture text -----
|||||| |---|---|---|---|---| |Movement in Funds| |Balance Incoming Expenditure|Balance| |01.04.2020 Resources and transfers 31.03.2021| |£|£|£|£| |Bungalow,| |3 Sunhurst Close|42,000|-|-|42,000| |Contribution towards| |refurbishment| |of flats|7,000|-|-|7,000| |Santander Grant|2,744|-|-|2,744| |_|| ___| |51,744|-|-|51,744| |════|════|═════ ═════|

----- End of picture text -----

The bungalow at 3 Sunhurst Close is stated at its estimated value when vested in the company. It was bequeathed to the company to be retained and used by a severely sight impaired or sight impaired persons or anyone connected with the company.

The Santander grant was to set up a mobile phone and tablet devices demonstration service to show sight impaired people the accessibility features and then to allow them to make their own purchases directly with the suppliers. Not all the funds have been used as Sight Airedale are holding some back for future upgrades over the next few years.

13. Analysis of Net Assets between Funds

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Fund balances at 31 March 2021| |Are represented by:| |Tangible Assets|477,709|49,000|526,709| |Investments|262,007|-|262,007| |Current assets|35,933|2,744|38,677| |Current liabilities|(2,777)|-|(2,777)| |_|______|________| |772,872|51,744|824,616| |_____ |_ _| ___|

----- End of picture text -----

27

SIGHT AIREDALE Company No. 3762507

Notes Forming Part of the Financial Statements for the Year to 31 March 2021

14. Control relationships

No individual party has control of the company, which is governed by the directors appointed by the members

28