## Wakefield District Sight Aid
Charity number 1140483
A company limited by guarantee number 07432897
Annual Report and Financial Statements
for the year ended 31 December 2020
Wakefield District Sight Aid
Annual Report and Financial Statements for the year ended 31 December 2020
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 7|
|Examiner's report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the accounts|11 to 16|
## **Prepared by West Yorkshire Community Accounting Service**
1
## Wakefield District Sight Aid
## Trustees' report for the year ended 31 December 2020
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
**Name Position Dates** Bridget Lockyer Chair Patricia Bennett Deceased 9 December 2020 Sydney James Morris Andrew Patterson Norman Waddington Luke Scholey Nicola Stansby Resigned 18 February 2021 **Charity number** 1140483 Registered in England and Wales **Company number** 07432897 Registered in England and Wales **Registered and principal address Bankers Stockbrokers** 35 Peterson Road Barclays Bank Plc AWD Chase de Vere Wakefield Trinity Walk Leeds WF1 4DU Wakefield
## **Independent examiner**
E J Beverley FCCA
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 8 November 2010. It is governed by a memorandum and articles of association as amended 4 February 2011. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
## **Objectives and activities**
## **The charity's objects**
To promote the relief of the blind and partially sighted in any manner which is now, or hereafter may be, deemed by law to be charitable, within the Wakefield Metropolitan District.
## **The charity's main activities**
Wakefield District Sight Aid provides both practical and emotional support to people with sight impairment (partially sighted) and severe sight impairment (blind) living within the Wakefield Metropolitan District Council area. This includes advice and support following diagnosis of an eye condition or deteriorating eyesight, and ongoing needs-based support for people living with low vision. We also provide support to the families and carers of people living with low vision and work closely with eye health practitioners across the district.
2
## Wakefield District Sight Aid
## Trustees' report (continued) for the year ended 31 December 2020
## **Objectives and activities (continued)**
## **The charity's main activities (continued)**
## Our practical services include:
Providing one-to-one advice, support and help (drop-in at our office and over the telephone).
Conducting home visits to assess for, provide, and advise on the use of certain equipment to help people live more confidently and independently.*
Taking referrals for Talking Newspapers and Talking Books and dealing with queries related to these.* Administering British Wireless for the Blind Fund equipment.*
Holding regular Equipment Demonstration and Advice Days, at which members can experience and purchase a range of equipment designed to assist with a variety of daily living tasks. Relevant partner organisations are also invited to exhibit at these events, including specialist equipment manufacturers, local support services and other charities.
Facilitating the repair and maintenance of certain equipment (e.g. arranging replacement batteries for talking watches).
Specific advice and support on using assistive technology (e.g. smart and mobile phones, tablets, computers). Holding information sessions on particular eye conditions (e.g. Charles Bonnet Syndrome). Hosting clinics held by partner organisations (e.g. OXSIGHT, OrCam).
Offering visual impairment awareness training sessions to local organisations (e.g. GP practices, businesses) to help them better understand the needs and concerns of people living with sight loss and how to make practical adjustments to improve the experience of a person with low vision interacting with their service. This training is also an opportunity for us to generate revenue to reinvest into our charitable activities.
Provision of Living Well With Sight Loss courses, in partnership with our colleagues at RNIB. This is a confidence-building course, designed to give people the opportunity to connect with others in a similar situation and providing information on a range of services and opportunities available locally to help enable and empower people on their sight loss journey.
## Our wider, wellbeing-focused services include:
A programme of community outreach work to reduce social isolation (e.g. monthly coffee mornings in three locations, a monthly younger members’ social group, day trips, social events).
A befriending service (over the phone and in person, both one-to-one and via our peer-led Friends on the Phone scheme).
Provision of a quarterly newsletter in various accessible formats (including large print, Braille, and audio) for all members and a wide group of stakeholders.
Birthday cards for all our members, used as a touchpoint with members who we may not see at outreach events or at other points during the year.
Negotiating the provision of relevant material in accessible formats (e.g. audio, Braille).
Signposting to other services and sources of assistance at a local, regional and national level.
Raising the profile of the needs of people with visual impairment locally and liaising with relevant stakeholders to improve access to services.
*These services are kindly supported by Wakefield Metropolitan District Council, as a result of a grant funding agreement we have with them which enables these services to keep running and provides certain equipment which we can distribute free of charge on completion of a home assessment. We are very grateful for this support.
## **Public benefit statement**
In setting our objectives and planning our activities, our Board of Trustees has given serious consideration to the Charity Commission’s general guidance on public benefit, in particular the most effective ways to support and empower people living with sight loss to reach their potential, achieve their goals, and live safely and confidently within their own homes and communities. At the heart of this is our work to help alleviate social isolation, which can be a huge issue for people, particularly those who lose their sight in later life.
3
## Wakefield District Sight Aid
## Trustees' report (continued) for the year ended 31 December 2020
## **Objectives and activities (continued)**
## **Public benefit statement (continued)**
Closely linked to this is the promotion of the wider wellbeing agenda (i.e. helping our members to connect with society around them, be active in body and mind, take notice of what’s going on in their communities, keep learning, and to give - through peer support and active participation in local life) and with this in mind we strive to nurture partnerships with other local organisations working within the wellbeing space. Awarenessraising and the promotion of the importance of good eye health and care are also key to our activities, particularly bearing in mind that 50% of sight loss is preventable, and to that end we work closely with local stakeholders including public health for the advancement of the preventable sight loss agenda.
## **Achievements and performance**
2020 has presented the charity with significant challenges, as we have sought to find the best ways to support our service users within the restrictions imposed by the Coronavirus pandemic.
The charity has supported around 1,000 people living with low vision across the Wakefield District during the last year. This has been done through a combination of:
In-home needs-based assessment visits and the provision of appropriate equipment to help people live more independently and confidently at home and when out and about. Due to Coronavirus lockdown restrictions, we were not able to conduct as many home visits as we would have liked and, in some cases, we had to complete a telephone assessment instead and provide equipment by post. During 2020, we completed 280 referrals in total, through a combination of home visits and remote assessments. The equipment is kindly supplied free of charge by Wakefield Council in line with the grant funding agreement we have with them which supports the running of this service. We are very proud to work in partnership with our colleagues at Wakefield Council’s Sensory Impairment Team and value their continued support of our service. One-to-one advice on a variety of sight loss and related matters, predominantly through our telephone helpline, which has continued to be operational during our advertised opening hours throughout the Coronavirus pandemic. We took the decision to close our office doors to visitors from 16th March 2020 and as yet have not resumed our drop-in service.'
Proactive telephone outreach to every person on our database when lockdown was announced in March 2020. We segmented our database into priority groups and started with the people who are known to us as the most vulnerable and/or isolated. We then moved onto all over 75s, then 65-74, then everyone else. Our primary aim was to reassure people that we were still there to support them, and to make sure people were able to access the information and services they needed (e.g. Public Health messages around Coronavirus in an accessible format, groceries, medication etc). This was a huge effort, which involved enlisting the help of many volunteers and took place over a number of weeks. Many of our service users were anxious and afraid, and many reported that we were the only organisation who had been in touch with them since the pandemic started. The exercise also revealed that some of the contact information we held was out of date, so where we were not able to reach people by phone, we sent a letter. We also worked with colleagues at the Council to update our records where appropriate consent was in place.
In a normal year, we would hold four Equipment Demonstration and Advice Days, providing the opportunity for people with sight loss, their families and carers to experience, get advice on, and purchase a range of specialist equipment to help with daily living, and speak to specially invited partners from within the healthcare sector, relevant charities, and equipment manufacturers. These events typically attract between 30 and 60 visitors. Due to the Coronavirus restrictions, we were only able to hold one event during 2020, on 3rd February.
A volunteer-led befriending service, where our service users can be paired with a specially trained member of our volunteer team who will call or visit them regularly. We are currently supporting 28 members through this service. Over the past year, we have seen a huge increase in demand for our befriending service and are currently supporting 28 people with regular telephone befriending (an increase of 65% on the previous year).
4
## Wakefield District Sight Aid
## Trustees' report (continued) for the year ended 31 December 2020
## **Objectives and activities (continued)**
## **Achievements and performance (continued)**
Our peer-led befriending service, Friends on the Phone, launched in 2018 and continued to be popular. Small groups of like-minded people are matched into friendship groups and share contact details so they can contact each other regularly. This is not limited to telephone contact and some of our Friends on the Phone groups arrange to meet up for lunch and coffee, although have not been able to do so for much of 2020 due to lockdown restrictions. There are currently 7 members linked in with Friends on the Phone groups.
Our community outreach activities (including three monthly coffee mornings, our younger members’ social group and our trips and events) have sadly not been able to take place as planned during 2020, and have been suspended since 16th March 2020.
Quarterly newsletters which keeps members and stakeholders up to date with the charity’s activities and include relevant sight loss related news, information about relevant groups and events happening across the District, and a quiz. Again, due to enforced office closures and the fact that we have been unable to get volunteers together in the same room, we have not been able to send newsletters with the same regularity as normal.
In the Autumn of 2020, we sent out our annual customer care survey, as normal, although the focus of the survey was slightly different from normal and asked questions relating to levels of anxiety around Coronavirus restrictions and levels of comfort around a return to face-to-face service delivery.
The results of our annual customer care survey revealed the following: 102 surveys returned (10% response rate) 88 people answered the question, “How would you rate our service out of 10” with 75% of those rating us as 8 or higher out of 10 (10 = 50%, 9 = 13%, 8 = 12%).
Amongst the biggest concerns reported by people regarding a return to face-to-face services were issues with public transport and social distancing, having to wear a face covering and not feeling safe until they had been vaccinated.
We did quite an extensive piece of follow-up work with survey respondents. As a result of this work, we identified that a number of people had been confused about the rating system (thinking 1 was the best rather than the worst rating) and, by the time the survey was issued in September, had forgotten we had called them early on during the first lockdown.
The staff team currently consists of 4 part-time staff: a Chief Executive Officer (20 hours a week), an Operations Manager (20 hours a week), a Sight Loss Advisor with 20 years’ experience as a Dispensing Optician (16 hours per week), and a Service Support worker (13 hours per week).
We continued to work closely with local stakeholders, and to share knowledge and best practice with other sight loss organisations across the Yorkshire and the Humber region through our involvement with Visionary, the membership organisation for local sight loss charities. We were pleased to be invited to work with the One to One Development Trust on a podcast project designed to share the experiences of people with a visual impairment during the Covid-19 pandemic.
## **Pensions**
In accordance with the Pensions Regulations 2015, the charity operates a workplace pension scheme which has been established through the National Employment Savings Trust (NEST). All eligible employees were automatically enrolled in the scheme on the 1st February 2016 and staff who subsequently opted to leave the scheme will be re-enrolled after three years.
## **Risk Management policy**
The charity maintains a risk register adopting the 'Charities and Risk Management' framework; issued by the Charity Commission dated June 2010. The risk register is presented to the Board every 6 months for review, should any risks materially change in the intervening period then it is the responsibility of the CEO to update the Board accordingly.
5
## Wakefield District Sight Aid
## Trustees' report (continued) for the year ended 31 December 2020
## **Financial review**
The net income for the year was £2,518, including net expenditure of £1,566 on unrestricted funds and net income of £4,084 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets but including investments, at the year end were £81,418. The value of the investments held, £64,149 at the balance sheet date, has been included as free reserves, however, it is the intention of the charity that these should be maintained rather than liquidated.
Wakefield District Sight Aid maintains a policy of holding a minimum of £23,000 in unrestricted reserves, but not more than 9 months’ operating costs.
The sum of £23,000 is the figure determined by the charity as being sufficient to cover redundancy costs and three months operating expenses, in the unlikely event that a managed closure of the charity should be necessary. This figure is reassessed annually.
The maintenance of unrestricted reserves up to 9 months’ operating costs is deemed reasonable in order to give the charity sufficient time to seek alternative sources of funding should other income streams be withdrawn. It also reflects the historic unpredictable cash flow of the organisation and necessity to depend on infrequent legacy donations.
In 2016 the Board committed to funding additional costs out of reserves in order to maintain service provision for service users. This strategy was extended to 2020.
## **Covid 19 impact review**
Having reviewed the financial impact of the Covid19 pandemic, the most material issues we face are that a significant portion of our unrestricted reserves are held in an investment portfolio linked to the stock exchange, and that our ability to fundraise via our normal channels has been adversely affected.
Whilst the funds we invest in are low risk, the volatility of the stock market due to the global pandemic and related issues such as oil demands and the US elections meant that the value of our funds saw a significant drop during the early part of the pandemic. The markets are starting to stabilise but there is no way of predicting the longer-term effect on the economy.
We anticipate that sources of emergency Covid funding will begin to dry up, but again there is no way of knowing when Trusts and Foundations will restart their usual funding programmes. Our strategy is therefore to protect the assets of the charity as best we can by attempting to leave the funds in our investment portfolio in place for as long as we can in order to provide a safety net in the event that we have problems accessing funds. Our priority is therefore to ensure we have enough liquid cash to continue to operate in order to avoid having to liquidate our investments which would potentially cause us to crystallise losses straight away.
Given the security of our most significant regular funding stream (secure until April 2022), the additional shortterm funding we have secured to help ensure our resilience through the Covid19 crisis, and our current levels of liquidity, we do not currently have significant doubts about our ability to continue to operate for the next 12 months. We review our financial position on at least a monthly basis and remain vigilant to the need to protect service delivery and support for people with visual impairments in our community, both through the current crisis and beyond.
At the time of signing these accounts the charity has been impacted by the global Covid19 virus. The Trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
6
## Wakefield District Sight Aid
## Trustees' report (continued) for the year ended 31 December 2020
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees:
Signed: Bridget Lockyer (Trustee)
Name: BRIDGET LOCKYER
Date: 19/05/2021
7
## Wakefield District Sight Aid
## Independent examiner's report to the trustees of Wakefield District Sight Aid
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2020, which are set out on pages 9 to 16.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable 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 charitable 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 your charity's accounts as carried out under section 145 of the Charities Act ('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**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company 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.
Signed: E J Beverley Name: E J Beverley
Relevant professional qualification or body: FCCA
Date: 25/05/2021
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
8
## Wakefield District Sight Aid Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 December 2020
|Notes
2020
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
34,214
Sales and Fees
1,345
Fundraising
389
Investment income
5
Other income
169
**Total income**
36,122
**Expenditure on:**
Salaries, NIC and pensions
(3)
30,148
Payroll charges
590
Rent
1,710
Equipment purchases
1,733
Travelling
112
Stationery
287
Postage
33
Telephone and Internet
337
Insurance
725
Newsletter
703
Room hire
50
Photocopier costs
60
Publicity
70
Computer costs
52
Birthday cards
-
Independent examination
750
Fundraising
-
Sundry
186
Affiliation fees
136
Depreciation on office equipment
1,021
Training
-
Investment management charges
757
Activities
311
Website costs
931
Office relocation
354
**Total expenditure**
41,056
Net gains/(losses) on investments
936
**Net income / (expenditure)**
(3,998)
**Transfers between funds**
2,432
**Net movement in funds**
(1,566)
**Fund balances brought forward**
84,605
**Fund balances carried forward**
(4)
83,039|2020
Restricted
funds
£
36,590
-
-
-
-
36,590
23,358
-
4,106
-
625
6
-
594
-
-
152
-
-
174
-
-
-
60
-
-
-
-
860
89
50
30,074
-
6,516
(2,432)
4,084
14,541
18,625|2020
Total
funds
£
70,804
1,345
389
5
169
72,712
53,506
590
5,816
1,733
737
293
33
931
725
703
202
60
70
226
-
750
-
246
136
1,021
-
757
1,171
1,020
404
71,130
936
2,518
-
2,518
99,146
101,664|2019
Total
funds
£
43,609
2,618
10,454
32
30
56,743
59,482
565
6,000
2,137
2,436
884
66
1,209
645
705
1,383
169
-
45
175
750
260
954
136
920
491
971
2,009
519
-
82,911
7,256
(18,912)
-
(18,912)
118,058
99,146|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
9
## Wakefield District Sight Aid
## Balance sheet
|as at 31 December 2020
2020
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
1,621
Investments
(10)
64,149
**Total fixed assets**
65,770
**Current assets**
Debtors and prepayments
(6)
1,213
Stock
520
Cash at bank and in hand
(7)
21,521
**Total current assets**
23,254
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
5,985
**Total current liabilities**
5,985
**Net current assets / (liabilities)**
17,269
**Total assets less current liabilities**
83,039
**Net assets**
83,039
**Funds**
Unrestricted funds
83,039
Restricted funds
-
**Total funds**
83,039|2020
Restricted
£
-
-
-
-
-
18,625
18,625
-
-
18,625
18,625
18,625
-
18,625
18,625|2020
Total
£
1,621
64,149
65,770
1,213
520
40,146
41,879
5,985
5,985
35,894
101,664
101,664
83,039
18,625
101,664|2019
Total
£
210
63,969
64,179
5,803
1,961
32,817
40,581
5,614
5,614
34,967
99,146
99,146
84,605
14,541
99,146|
|---|---|---|---|
For the year ending 31 December 2020 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on
Date: 19/05/2021
Signed: Bridget Lockyer (Trustee)
Name: BRIDGET LOCKYER
10
## Wakefield District Sight Aid
## Notes to the accounts
## for the year ended 31 December 2020
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Investments**
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Project and office equipment: over 3 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
11
## Wakefield District Sight Aid
## Notes to the accounts continued
for the year ended 31 December 2020
## **1 Accounting policies continued**
## **Stock**
Stock is valued at the lower of cost and net realisable value.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
|**2 Grants and donations**
Wakefield Metropolitan District Council (WMDC)
Nova Wakefield
The National Lottery
Charities Aid Foundation
Leeds Community Foundation
Aviva Crowdfunder
Groundwork
Donation towards Techmate Project
Donation towards Social Trip fund
Rooks Nest
Awards 4 All
Zurich Community Trust
Woodroffe Benton Foundation
Donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2020
Unrestricted
funds
£
-
-
-
4,200
10,000
3,553
750
-
-
-
-
-
-
15,711
34,214|2020
Restricted
funds
£
20,940
8,100
7,500
-
-
-
-
-
-
-
-
-
-
50
36,590|2020
Total
funds
£
20,940
8,100
7,500
4,200
10,000
3,553
750
-
-
-
-
-
-
15,761
70,804
2020
£
52,940
2,634
(2,634)
566
53,506|2019
Total
funds
£
15,041
-
-
-
-
-
-
1,000
500
106
10,000
1,000
1,000
14,962
43,609
2019
£
58,944
2,497
(2,497)
538
59,482|
|---|---|---|---|---|
The average number employees during the year was 4, being an average of 2 full time equivalent (2019: 5.5, 2.5 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2020|2019|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|566|538|
|Amount of any contributions outstanding at the year end|111|107|
|Amount of any contributions prepaid at the year end|-|-|
12
## Wakefield District Sight Aid
## Notes to the accounts continued
## for the year ended 31 December 2020
|**4 Restricted funds**
Will Charitable Trust
Donation to Techmate project
Rooks Nest
Awards 4 All
Young persons group
Zurich Community Trust
Woodroffe Benton Foundation
WMDC
Nova Wakefield -Covid
Nova Wakefield - Winter
The National Lottery
WMDC - CDF
Refreshments donation|Balance b/f
£
2,695
2,000
86
7,531
229
1,000
1,000
-
-
-
-
-
-
14,541|Incoming
£
-
-
-
-
-
-
-
20,440
3,600
4,500
7,500
500
50
36,590|Outgoing
£
263
-
-
7,531
1,000
1,000
14,354
3,600
166
2,080
80
-
30,074|Transfers
£
(2,432)
-
-
-
-
-
-
-
-
-
-
-
-
(2,432)|Balance c/f
£
-
2,000
86
-
229
-
-
6,086
-
4,334
5,420
420
50
18,625|
|---|---|---|---|---|---|
## **Fund name**
## **Purpose of restriction**
Will Charitable Trust
Towards the Tech-mate digital inclusion project. The transfer is for fixed assets transferred to unrestricted use.
Donation to Techmate project Rooks Nest
Towards the Tech-mate digital inclusion project.
Partnership activities between WDSA and the school to help the children understand about life with sight loss.
Towards the cost of running the Community outreach programme. Towards activities for the Younger Members Social Group.
Awards 4 All Towards the cost of running the Community outreach programme. Young persons group Towards activities for the Younger Members Social Group. Zurich Community Trust Towards the shortfall in the delivery of the home visiting service. Woodroffe Benton Foundation Towards the shortfall in the delivery of the home visiting service. WMDC Towards the delivery of the home visiting service. Nova Wakefield -Covid
Coronavirus resilience fund towards service support workers salary and telephone costs.
Winter resilience fund towards service support officer salary and a contribution to overheads.
Nova Wakefield - Winter
To go toward rent, service support workers salary, postage and volunteer expenses. Towards room hire for events.
The National Lottery
WMDC - CDF Refreshments donation
To provide refreshments for events.
13
## Wakefield District Sight Aid
## Notes to the accounts continued
## for the year ended 31 December 2020
|**5 **
**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at Bank
Cash in hand
**Creditors and accruals**
Creditors
Accruals|£
14,142
2,432
16,574
13,932
1,021
14,953
1,621
210
2020
£
785
428
1,213
2020
£
40,052
94
40,146
2020
£
5,090
895
5,985
Office
equipment|Total
£
14,142
2,432
16,574
13,932
1,021
14,953
1,621
210
2019
£
5,404
399
5,803
2019
£
32,723
94
32,817
2019
£
4,750
864
5,614|
|---|---|---|---|
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Remuneration and benefits received by key management personnel**
The key management personnel of the charity include the trustees and Chief Officer. The total employee benefits received by the Chief Officer were £21,264 (previous year: £21,737).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
14
## Wakefield District Sight Aid
## Notes to the accounts continued
## for the year ended 31 December 2020
|**10 Fixed assets investments**
Carrying (market) value at beginning of year
Add: additions to investments at cost
Less: disposals at carrying value
Add / (deduct): net gain / (loss) on revaluation
Carrying (market) value at end of year
**Breakdown of investments agreeing with SOFA and Balance sheet**
Analysis of investments
Market value
at year end
£
Investments listed on a recognised stock exchange, funds or trusts
64,149
Total
64,149
**Material investment holdings (5% of total investments)**
Holding
BlackRock Continental European Income D Fund Inc.
2800.93
Invesco Perpetual Corporate Bond Y Fund Inc.
3548.93
Invesco Perpetual Monthly Income Plus Y Fund Inc.
3060.51
Kames Sterling Corporate Bond B Fund Inc.
11111.50
Legal & General UK Property Feeder I Fund Inc.
11474.41
M&G strategic Corporate Bond Fund
448.17
Schroder Income Maximiser Z Fund Inc.
14729.81|£
63,969
-
(757)
936
64,149
Income in
the year
£
-
-
Market value
7,280
9,527
8,378
10,823
10,135
6,716
11,290
64,149|
|---|---|
15
## Wakefield District Sight Aid
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2020
|2020
2019
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
34,214
14,962
Sales and Fees
1,345
2,618
Fundraising
389
10,225
Investment income
5
32
Other income
169
30
**Total income**
36,122
27,867
**Expenditure**
Salaries, NIC and pensions
30,148
34,831
Payroll charges
590
565
Rent
1,710
6,000
Equipment purchases
1,733
1,070
Travelling
112
307
Stationery
287
791
Postage
33
65
Telephone and Internet
337
711
Insurance
725
645
Newsletter
703
470
Room hire
50
585
Photocopier costs
60
169
Publicity
70
-
Computer costs
52
45
Birthday cards
-
175
Independent examination
750
750
Fundraising
-
260
Sundry
186
296
Affiliation fees
136
136
Depreciation on office equipment
1,021
920
Training
-
491
Investment management charges
757
971
Activities
311
-
Website costs
931
519
Office relocation
354
-
**Total expenditure**
41,056
50,772
Net gains/(losses) on investments
936
7,256
**Net income / (expenditure)**
(3,998)
(15,649)
**Transfers between funds**
2,432
426
**Net movement in funds**
(1,566)
(15,223)
**Fund balances brought forward**
84,605
99,828
**Fund balances carried forward**
83,039
84,605|2020
Restricted
funds
£
36,590
-
-
-
-
36,590
23,358
-
4,106
-
625
6
-
594
-
-
152
-
-
174
-
-
-
60
-
-
-
-
860
89
50
30,074
-
6,516
(2,432)
4,084
14,541
18,625|2019
Restricted
funds
£
28,647
-
229
-
-
28,876
24,651
-
-
1,067
2,129
93
1
498
-
235
798
-
-
-
-
-
-
658
-
-
-
-
2,009
-
-
32,139
(3,263)
(426)
(3,689)
18,230
14,541|2020
Total
funds
£
70,804
1,345
389
5
169
72,712
53,506
590
5,816
1,733
737
293
33
931
725
703
202
60
70
226
-
750
-
246
136
1,021
-
757
1,171
1,020
404
71,130
936
2,518
-
2,518
99,146
101,664|2019
Total
funds
£
43,609
2,618
10,454
32
30
56,743
59,482
565
6,000
2,137
2,436
884
66
1,209
645
705
1,383
169
-
45
175
750
260
954
136
920
491
971
2,009
519
-
82,911
7,256
(18,912)
-
(18,912)
118,058
99,146|
|---|---|---|---|---|
16