Company registration number.. 7879355
Charity registralion number. 1145818
Sight Advice South Lakes
(A company limi￿d by guaranlee)
Ajmual Report atKI Financial Ststemenis
for the Year Ended 3 L March 2024
Stables Thornp50n & Briscoe Lid
Chartered Accountants & Business Advisors
Lo1￿her House
Loivther Street
Kendal
LA9 4DX

Slght Advice Soutb Lakes
Contents
Ref￿¢ll¢¢ and Administrative Details
2to6
Independent Examinevs Report
Statsment of Financial Activities
8t09
BaIan¢¢ Sheet
10
Notes to the Financial Slatements
llto29

Sight Advice South Lakes
Reference and Administrative Detalls
Tru$tees
L M Baverstock
P Blackbum
J M Hodkinson
Dr S Riding
J McLeod
Senior Management l Loadership Mrs ParK Chief Executive Officer
Team
Charity Registratlon Number
1145818
Company Registration Number
7879355
The charity is in¢ory)orated in England and Wales.
Bradbury Centre
116 Highgate
Kendal
Cumbria
LA9 4HE
Regi$tered O￿l¢C
Independent Examlner
Siablcs Thompson & Briscoe Ltd
Chartered Accountants & Business Advisors
LO￿tr House
Lo1￿ber Street
Kendal
LA9 4DX
Page I

Sight Advlce South Lakes
Trustees, Report
The trustees. who are directors for the purposes of company law, present the annual report togeiher with the
fmancial sthtements of the charitable Company for the year ended 31 March 2024.
Objectlves and aetlvltles
ObJe¢ts and aims
The company's objects as set out in its governing document are.. For the benefit of those persons who are
visually impaired being those persons with an impainnent of visual function for which full iemcdiation is not
possible by convenlional spectacles, Contact lenses or medical intervention and ivhich causes restriction in that
person's everyday life. in particular by:
a) Supporting people with visual impairnient and in particular those people ivlth a visual impairnient within the
adminislrative area of that part of th¢ fornier county of Westh]orland as is now comprised iviihin the area of
Weslmorland and Furness Coun¢il and neighbouring areas lo improv¢ th¢ quality oftheir lives.
b) Providing infornution and support lo visually impaired pcople and their families and carers.
c) Providing visually impaired peoplc with social support and activities.
d) Helping visually impaired people io live independently.
e) Promoting awareness of sight loss issues on behalf of visually impaired people.
fj Doing all such other ¢haritabl¢ thin8S that shall further the attainm¢nt of the Objects.
The Mission Sthtement:
"Sighi Advice South Lakes aims to support people with visual irnpainnent to improve the qualily of their lives,
together with promoling greater awarencss of sighi issues." Sight Advice South Lakes aims:
To enable visually impaired people lo live independently.
To provide practical and emotional support to visually impaired people and their families and ¢ar¢rs.
To enable visually impaired people lo access social support and activities.
. To promot¢ aivareness of sight issues and lo campaign wiih, and on behalf of, visually impaired people.
Objecdves, slralegies and activilies
Key objeclivesfor s¢ryl¢eprovisioii are..
To provide infornmlion and support to visually impaired people and their carers as early as possible.
To enable visually impaired people to maintain their independence whenever possible and to provide on-going
support.
To provide specialist Uplo-date advice about technology suitsble for visually impaird people, including the use
ofcompulers.
To ensurc a good quality loiv vision service is available in the South Lakes area offering full assessmenL an
easy and quick referral process, short ivdiling limes and follow-up appointments.
To increase the provision of infornjation in all appTopriate forn)ats.
To provide activities specifically tailored for people with a visual impairn)ent, meeting others who are
encountering similar ditTiculties.
To raise aiyareness of the problems of visual impainnent and dual sensory loss.
To promote good quality recruitment, support and training for volunteers.
Page 2

Slght Advice South Lakes
Trustees, Report
In delivering these key obje¢tive& Sight Ad￿Ce South IAke5 has undertaken the following a¢tlvldes
durlng tbe year 2023r24:
• We support visually impaired people across South Lakeland. Founded in 1956, we belp people with sight10&8
build supportive relationships. improve their wellbeing and live independently. We V￿rk with people as soon as
possible after a diagnosis, putting in place 'whole-person' solutions. Our key activitics include:
• Monthly. volunteer-facilitsted. peer support groups to help people build positive social networks. We also run
regular and onevoff events open to everyone with sighi loss. including sailing and VdIking gTOUPS.
* Helping people access specialist equipment and technology including lighting and magnification aids, talking
watches and cooking aids, enabling them to live happier, more independent livek Individuals supported: 140
Cases of support: 405. Tech support events held: 25. Tech support gro￿ attendance: 435
. Our Eye Clinic Liaison Officer (ECLO) is based at Westmorland General Hospital. They provide p¢ople with
praclical and emotional support tsi help them understand their diagnosis and come io ternis with living with sight
loss. We responded to 1634 light enquir4 271 full cases were opened and we referred 134 people for low
vision assessments.
Our Positive Steps courses help people experiencing a crisis come to tern￿ with a nmv, or changed. diagnosis.
Topics focis OD I) inforrnation and education aiKtrUt diffcrcnt ey¢ conditiODS" 2) help and suppon available from
Sighi Advi¢< including equipmen¢ and 3) the wider worl(L including benefits advice and support from other
organisation5. Sessions are nonnally held at locations throughout the districL in¢luding ￿re homes and
sheltered a¢¢omrni)dation.
This year ive gave 35 young people sight loss al￿ their families the chance io gel logcther and enjoy
positive activities to promote and encourage life skill& independence and confidence. Activities include
kayaking, theatre trips and climbing. Wc opened 253 Cases of support and hosted 22 Events and aclivities
hosied
• Folloiving the pandemic. we continue ts) provide online and face to face social Connectio￿8. As people found
new ivay of accessing social support our online community was still in¢redibly stron& we d¢livered a total of
222 online and face to face events which were attended by 3010 people.
hiblic benefi¢
The Tntstees confm that they have complied with th¢ requirements of sedion 4 of the Charities Act 2011 to
have due regard io the publi¢ benefi¢ guidance publtshed by the Charity Commission for England and Wales.
inanclal revleii
Th¢ charity raised income in the year of £281.999 {2023 £249,777) of ￿lCh £134.550 {2023 £170.449) was
Teslricied. Total expendilure ￿7S £268.932 (2023 £257.315) of which £137.004 (2023 £159,316) was restricted.
As a rcsult the overall movement on reserves Ivas an increase of £13,067 with a decrease of £2.454 on restricted
reserves and an increase of £15.521 on uDrestri¢*d reserv&s.
Policy oil reserves
Th¢ trustees ha￿ developed a reserves policy that maintains 6 months normal operating costs to cover
contingencies that could arise in the ￿rning years. This approximates to £129,000. The charity had fijnds at the
end of the year of £649.104. however of this £57,612 ivas ￿$t[le*d. £296.120 was represented by fixed assets
and £32,004 was designated to future projects. This left £263.368 as free reserves %￿ICh equa*s io 10 months
nornial operating costs. This is higher than the reserves required by the reseryes policy, but in the current
difficult climate il is not exce&siv¢.
Pagc 3

Sight Advice South Lakes
Trustees, Report
Stru¢tur4 governance and D￿nageMent
NaiNre ofgoverning documen/
Th¢ ¢ompany was incorporated on 12 December 2011 and is 8ovemed by the MenN)randum and Articles filed
on thai date. On l April 2012 ihc ¢harity of the name (regisiered number 702612) merged with the
company, which took ovcr all thc #Cliviti￿ of the old charity. The old charity was closed on 25 July 2012 and
th¢ m¢rger is registered with the Charity Commission 8$ of 1st July 2012.
RecriilimeAI and appolnlment oftriislees
The Articles for Sight Advice South Lakes requires that the members endcavour to ensure that at least one third
of Ihe Managcm¢n( Board rn¢mbeTS are visually impaired. Each volun*cr Iru5tee goes through an induction
prn¢¢￿ which includes cligibility ¢he¢ks. a rolc description and details ofiheir responsibililies.
Jndiiclion and Iraining oflrns¢ees
All n•v trustees arc givcn an induciion Program￿ which gives them the opportunity to meet with kcy s¢aff in
the organisation, atiend key Charitable aciivities, given copies of Board of Tn￿tee minutes and papers for Ihe
past 6 months, a copy of the mosl recent Trustees Annual Report and Accounts, a copy of the constitulion and
CC3 - The Essenlial Trus1¢¢ {Charity Cornmission).
Arran8¢menlsforselling kry manAzemenlpersonn¢l remunernlion
The Chief Execuiive oifi¢¢r is key managemeni pcr50nncl and the Tn￿trts sei remuncration with regard io
NJC salary scales.
IVAJor rlsks and managemenl ofihose rlsks
R￿k assessmenl
The trustees periodically undertake a review of major risks to which the charity is exposed and also review
systems and procedures to managc risks that are in place. These include a re8ular updalc and rcview of finttncial
procedures and an ongoing pro￿arnMe of training for staff in all areas rel¢vant io thcir post.
Th¢ major risk lo ihe organisaiion at present is Ihat oran over reliance on grants io mainlain services.
The charily is conlinuing lo develop other forn15 of income in¢ludiDg comrnunily fundraising and soci&l
enl¢rpris¢. Following the purchase of 116 Highga* ihe Board of Trustres recognisc that ihc bcncfits for
r¢locatin8 the ¢hariiy include.. improvin8 Current services- providing more servic¢5' increasin8 ihe charily's
profile ond reducing overall nmning costs.
FlnAnelAI Instrnments
Objectives lindpollcles
Th¢ Charily's activities may expose it to a number of fina￿la1 risks includin8 credit risk, cash flow risk and
liquidity risk. The Charity do¢s not make use of financial derivatives.
Casliflow rtsk
The Charity's aclivilies do nol ¢xpose li ￿ the financial risks of changes in foreign currency exchange ra*s and
interest rates. Ini¢rest bearing assets and liabilities are nol Si￿LfiCant.
Page 4

Sfjght Advice South Lakes
Trustees, Report
Credit risk
The Charity's principal financial atscts are the Property at thc Bradbury Centre, bank balances and cash, trade
and other rc¢¢ivables. and investments.
The Charity's credit risk is primarily attributable to its lrnde receivables. The amounts pr¢senl¢d in the balance
sl*et are net of allowances for doubtfijl receivables. An allowance for impairnKnt is made where the￿ is an
identified loss event which, based on p￿viouS experience, is evidence of a reduction in the recoverability of the
cash flows.
The credit risk on liquid funds is limited bccause the counterpart1￿ are banks with high credit-ratin8s assigned
by inlemalional cr¢dit-rdtiog agencies.
The Charity has no significant concentration of credit risk. with exposure spread over a large number of
¢ounl¢rparties and customers.
Liquidity risk
In ord¢r to maintain liquidity to ensure that sufficient fiujds are available for ongoing op¢rations and fvture
developments, the Clwity maintains a level of bank res¢rv¢s.
Further details regardin8 liquidity risk can be found in the Statement of accounting policies in the fmancial
statements.
Statement oftrustees, responslbilllies
The Iruslces (who are also the direciOTS of Si8hl Advice South Lakes for the purpose5 of company law) are
responsible for preparing the In￿1¢¢5, report and the financial statements in accordance with appli¢able law and
United Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted At￿unI1n8 Prdctice), including
FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" The report and
counts have been prepared in accorda￿¢ wilh the PD)visions in the Companies Act 2006 relating to small
companies.
Company law requires the tTr￿tees to prepare financial stalements for each financial year. Under company law
the trustees must not approve the financial ststenMts unles5 they are salisfied that they 8ive a true and fair view
of the stale of affairs of the charithble company and of the incoming resouTces and application of resources,
tncludin8 its income and expendiiure, of the charitable company for thai period. In preparing these financial
ststement4 the trustees are required to:
select suitsble accountin8 policies and apply them consistently.
observe ihe methods And principles in the Charities SORP:
make judgements and estimates that arc reasonable and prndenL
state whether applicable accountin8 Standards. comprising FRS 102 have been followe4 subject to any
material departures disclosed and cxplained in Ihe financial statements; and
prepare the financial slatements on the going concern basis unless it is inappropriate to presumc that the
charilable company will conlinue in busine
The trustees are responsible for keeping proper accounting records thai can disclose with reasonable accuracy at
any time the financial ￿sItion of the charitable company and enable them io ensure that the financial statcments
comply with the Companies Act 2006. They are also responsible for safeguarding the asseis of the charitable
company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities.
The Irustees are responsible for the mainl¢nan¢e and inlegrily of the corporale and financial infonnalion
included on the charitsble CoMpan￿S website. Lw51ation 8overnin8 the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Sm&ll Companies provblon Staten￿nt
This report hos been prepared in accordance with the small ¢ompanies regime under the Companies Act 2006.
Page 5

Slght Advlee South Lakes
Trustees, Report
Th¢ annual report approved by th¢ trust¢¢s of the charity on 12 November 2024 and si8Thed on its behalf by:
Dr S Riding
Trusteo
Page 6

Sight Advlce South Lakes
Independent Examlner's Report to the trustees of Slght Advice South Lakes ('the
Company,)
I report to the charity truslees on my examination of the accounts of the Company for the year ended 31 Mar¢h
2024.
Rtsponslbllltles And basls of report
As the chariry's trustees of th¢ Company (and also its dire¢tors foT thc putposcs of ¢ompany law) you are
r¢sponsible for th¢ preparation of th¢ accounts in accordance with the requirem¢nts of the Companies Act 2006
('Ihe 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 your charity's
accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Acl,). In callying oui my
examinalion I have folloived ihe Directions given by the Charity Commission under section 145{SXb) of the
2011 Act.
Independent examlner's statement
Since the Company's gross income exceeded £250,000 your ¢xaminer mus¢ be a memb¢r of 8 body listed in
section 145 of the 2011 Act. I confitm that l am qualified to undertake the examination b¢cause I am a member
of ICAEW. which is one of the listed bodies.
I have completed my examination. I confinn that no motters have come to my altention in ¢onn¢¢tion with the
examination giving me cause lo belteve,
l. accounting records were not kept in respect of Sighi Advice South Lakes as required by section 386 of the
2006 Act. or
2. the accounts do nol accord ivith those records; or
3. the accounts do not ¢omply with the accounting requirements of section 396 of ihe 2006 Act oiher than
8ny requirement thal the accounts give a 'tru¢ and fair vieW which is not a mAtler considered as part of an
independent examination; or
4. the accounts have not been prepared in accordhn¢¢ with th¢ methods and principles of the Ststement of
Recommended Prllclice for a¢countin8 and reporting by charities [applicable to ¢h4rities preparlng their
accounts in accordance with the Financial Reporting Standard applicable in Ihc UK and Republic of
Ireland (FRS 102)].
I have no conccrns and have come across no other maltcrs in connection with the examinalion to which &ttcntion
should be drawn in this report in OTdeT to enable a prop¢r understanding of the accounts lo b¢ reached.
H Holmes Bsc FCA
Chartered Accountsnts & Business Advisors
ICAEW
Loivther House
LO￿tr Street
Kendal
LA9 4DX
Page 7

Sight Advlce South Lakes
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognlsed Gains
and Losses)
Unrestricted
funds
Restricted
funds
Total
2024
Note
Income and Endowments from:
Donations and l¢ga¢i¢s
Charitable activities
Other trading activities
Investmenl income
Other income
63,682
63.194
16,869
2,103
1,601
452
133,344
754
64,134
196,538
17,623
2,103
1,601
Total income
147,449
134,550
281,999
Expenditure on:
Raising funds
Charilablc activities
(26.134)
(105,794)
(2.017)
{134,987)
(28.151)
(240.781)
Total expenditure
(131,928)
(137,004)
(268,932)
Net income/(expenditure)
15,521
(2.454)
13,067
Net movcment in funds
15,521
{2,454)
13,067
Re¢on¢lllatlon of funds
Tothl funds brought forward
575.971
60.066
636,037
Total funds carried fonvard
18
591,492
57,612
649,104
The notes on pages I I to 29 forni an integral part of these fjnancial statements.
Page 8

Slght Advice South Lakes
Statement of Financial Activities for the Year Ended 31 March 2024
(Includlng Income and Expenditure Account and Statement of Total Recognised Galns
and Losses)
Unrestri¢ted
funds
Restrl¢ted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Oiher trading activities
Investmeni income
Other income
52.612
7,535
15.773
1,069
2,339
52.621
177,150
16,598
1,069
2,339
169.615
825
Total in¢om¢
79.328
170,449
249,777
Expendlture on:
Raising funds
Chllrilable activities
(25.212)
72,787
(2.377)
156,939
(27.589)
(229,726
Total expenditure
Net (¢xpenditure)/income
Transfers behveen fimd5
97,999)
(159,316
{257,315)
(18,671)
2,892
11,133
(2,892
(7,538)
Net movement in funds
(15,779)
8,241
(7,538)
Re¢onclllAtlon of fund$
Total fvnds brought for4vard
Tolal funds carried forni*rd
591,750
51,825
643,575
18
575.971
60.066
636.037
All of the charity's actiNities derive from continuing operations during the above tivo periods.
Thc funds br¢akdowm for 2023 is shown in note 18.
The notes on pages I I to 29 fomi an integrnl part of these financial statements.
Page 9

Sight Adviee South Lakes
(Registration number: 7879355)
Balance Sheet as at 31 March 2024
2024
2023
Note
Flxed assets
Tangible assets
15
296,120
306,822
Current assets
Debtors
Cash ai bank and in hand
16
2.778
395.626
2,365
412,914
398,404
415.279
Creditors: Amounts falling due Thlthln one year
17
(45,420)
{86,064)
Net current assets
352,984
329,215
Net assets
649,104
636,037
Funds of the charity:
Restricted income funds
Restricted funds
18
57.612
60.066
UDrestricted income funds
Unrestricted fiinds
591,492
575,971
Total funds
18
649.104
636,037
For the financial year ending 31 March 2024 the charity ivas enliiled to exemption from audit under section 477
of the Companies Aci 2006 relating to small companies.
Directors. responsibilities:
The rnembers have nol requircd the charity to obtsin an audit of its accounts for the year in question in
accordance wtth section 476. and
The dtrectors acknowledg¢ their ￿SPonsIbl11t1CS for complying wlth the requirements of the Act ivith respect
to accounting records and the preparntion of accounts.
These financial statcm¢nts have been prepared in accordance with the special provisions relating lo companies
Subject to the small companics regimc ivithin Part 15 ofthe Companies Act 2006.
The financial statements on pages 8 to 29 were approved by the tn￿lee5. and authorised for issue on 12
November 2024 and signed on their behalf by:
Dr S Riding
Trnslee
The notes on pages I I to 29 forn] an integral part of thes¢ financial statements.
Page 10

Slght Advlce South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charlty status
The ¢harity is limited by guarantee, incorporated in England and Wales, and ¢onsequently does not have share
capital. Each of the Ifustees is liable to contribu1¢ an amount not ¢xceeding £1 towards th¢ assets of the charity
in ihe event of liquidation.
The address of its registered otTice is..
Bradbury Centre
116 Highgate
Kendal
Cumbria
LA9 4FIE
These fjnancial stai¢m¢nls w¢re auihorised for issue by the trusiees on 12 November 2024.
2 A¢¢ountlng poll¢le$
Summar), ofslgnllleant #ceountlng pollcles and koy Aceountlng ¢stlmAtes
Th¢ principal accounting policies applied in thc preparation of thcse financial statements are set out below.
These policies have been consisienily #pplicd lo all the years presented, unless othcnvise slated.
Stgtement ofcompll2nce
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Siatemeni of Recommended Practice applicable to ¢harilies preparing thcir accounts in accordance Kviih the
Financial R¢porting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January
2019) - (Charities SORP (FRS 102)). Ihe Financial Reportin8 Standard applicabl¢ in the UK and Republic of
Ireland (FRS 102). Thcy also comply ivith ihe Companies Act 2006 and Charilies Aci 2011.
Basls of preparatlon
Sight Ad￿lce South Lakes meets the definition of a public benefit ¢nlily und¢r FRS 102, Assets and liabilities
are initially reco8nis¢d at historical Cost or transaclion value unlcss oth¢nvis¢ staled in the relevant accounting
policy noics.
The financial ststements are presenied in sierling ivhich is the functional currency of the charity and rounded lo
Ihe nearest £.
Golng eoneern
The trustees ¢onsid¢r that thcr¢ ar¢ no mat¢rial unc¢rtaintics about the charitls ability to continue as a going
concern nor any significant ar¢as of uncertainty that affect the Carrying value of assets hcld by the charity.
Income 2nd endowments
All income is recognised once the charity has entitlement lo the income, il is probable that the income ￿111 be
received and the amount of the incorne receivable can be measured reliably.
Pagcll

Sight Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
Donaftons and legtt¢ies
Donattons are recognised when the charity has been notifi¢d in writin8 ofboth the amount atKI seltlement date.
In the eveni that a donation is subject lo ¢ondilions thai require a level of perfomiance by the charity before the
charily is en11d￿ to the funds, the income is deferred and not recognised until either those conditions are fully
met. or the fuifilmenl of those conditions is wholly within the control of the charity and it is probable that these
conditions will bc fulfilled in the rcporting period.
Legacy gifts are reco￿lSed on a case by case basi5 following the grant of probale when the
administratorlexecutor for the estate has communicated in writing both the amount and settlement date. In the
event that the gift is in the forni of an asset other than cash or a financial asset traded on a recognised stock
exchange. recognition is subject to the value of the gift being reliably measurable with a degree of re&8onable
attwacy and ihe lille to the asset having been transferred to the charity.
Del¢•Ted income
Deferred income represents amounts received ft)r future periods and is released lo incoming resources in the
period for ivhieh, it has been receive¢L Such income is only deferred ivhen:
- The donor specifies that the grant or donaiion must only be used in fu￿￿¢ accounting peTiods' or
- The donor has imposed conditions ivhich must be met before the charity has unconditional entitlement.
Expendilure
All expenditure is re￿gniSed once Iherc is a legal or conslrnclive obligation lo that expenditure. il is probable
settlemenl is required and the amount can be measured reliably. All costs are allocated to the applicable
expendilurc heading that awgate similar costs to that category. Wh¢r¢ ¢osts cannot be directly attributed to
particular headings they havc bcen allocated on a basis consistent ifvith the use of resources, with central staff
costs allocated on the basis of time spenL and depreciation charges allocaied on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Raisiiigfiinds
These are costs incurrcd in attracting voluntary income. th¢ management of Investn￿nts and those incurred in
trading activities that rdisc funds.
Chan"lable qdivilies
Charitable expcnditure compriscs those costs incurred by the chariiy in the delivery of its aciivities and services
for its beneficiaries. It includes both costs that can ￿ allocated directly to such activities and those Costs of an
indirect nature necessary to support thenL
Support costs
Support costs include central functions and have iw) allocated to activity cost categories on a basis consistent
vith the use of re50ur¢es, for example. allocating property costs by floor areas, or per capita, staff costs by the
time spent and other costs by their usage.
Governan¢e ¢ost$
These include the costs allributable th th¢ ChaTity'S complian¢¢ with constithtional and slatutory requirements,
including audiL stralegic managemenl and Tn￿lee.5 meelings and reimbursed expenses
Page 12

Stght Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
Taxation
The charity is Considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
lhe￿f0re it rneels the definition of a charitable company for UK corporation purposes. Accordingly, Ihe
charity is potentially exempt from ￿atIon in respeci of income or capital gains re¢¢ived within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent ihal such income or gains are applied cxclusively lo clwiiable purposes.
Tanglble flx¢d assets
Individual r￿ed assets cosling £500.00 or more (compulers £IOOO) are initially recorded at cost. les5 any
subsequent accumulated depreciation and subsequent accwnulated impairnient losse5.
D¢preclalion and amortisation
Depreciation is providcd on tangible fixed assets so as to ivrite off the c05t or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class
Land and Buildings
Furniture, Fitlings and Equipment
Computer Equipment
Depreciation method and rate
20/0 Strdight Line
IOO/o Straight Line
33.30/0 Straight Line
Trade debtors
Trddc dcbtors ar¢ amounts due from cu51omer5 for merchandise sold or services perfonned in the ordinary
course of business.
Trdde debtors are reco8nised initially ai the transaction price. They are subsequently measured at amortised cost
using the effe¢tive Int¢￿t method, less provision for impairment. A provision for the impai￿ent of trade
debtors is established ivhen there is objective evidence thal the charity viill not be able to collect all amounts due
according 10 the original ternts of the receivables.
Cash 2nd cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid
investments that are readily convertible to a knoivn amount of casb and are subject to an insignificant risk of
change in value.
Trade credltors
TTade Creditors are obligations to pay for goods or services that have been a¢quiTed in the ordinary course of
business from supplicrs. Accounts payable are classified as current liabilitios if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the crditor for at least ttvelve
months aft¢r the reporting date. If there is an unconditional right to defer seltlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using Ihe effective interest method.
Fund stru¢tur¢
Unrestrictcd income funds arc genernl funds that are available for use at thc trustees, discr¢tion in fi￿herance or
the objectives of the charily.
Page 13

Sight Advice South Lakes
Notes to the Financlal Statements for the Ye2r Ended 31 March 2024
Designat￿ funds are unrestricted set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which
is restricted to that arva or purpo￿.
Financial iDstruments
aassification
Financial assets and financial liabilities are recognised when the cl)aTity beco￿￿ a party to the contractual
provisions of the instrument.
Financial liabilities and equity itsstiirnents are clwified according to th¢ substance of the contractual
arrangements entered inio. An equity instrumenl is any contraci that evidences a residual interest in the &ssets of
the chaTity after dedu¢tiDS all of its liabilities.
Recogwtton qndme45urenJ¢nt
All fll)ancial assets and liabilities are initially at ITaDsaction price (iDcluding transaction costs), except
for those fllMi¢ial assets classifjed as at fair value through profit or lo￿. I￿1¢h are initially n￿ll￿ed al fair
value (which is nomally the tran5actlOD price excluding transaction costs). unless the arrangement ¢onstitut¢s a
f￿anCIng Iransaction. If an arrangement constitutes a financing tratLsaction, th¢ fmancial wet or fuwicial
liability is measured at the present value of the future payments discounted at a market rdte of interest for
similar debt instnmnent.
Financial assets and liabilities are only off5¢t in the statemeot of financial position Whe￿ and only when there
exists a legally enfor¢e8ble right to set off the reco￿lS¢d an￿ts and the charity intends either to settle on a
net basis. or to realise the asset and settle the liability simultaneousty.
Financial assets are de￿OgnIsed when and only when a) the contractual rights to the flows frorn the
financial asset expire or are Settle￿ b) the charity transfers lo another party substantially all of the risks and
rewards of ownership of the financial a5seL or c) the elwity, despite having retsined some. but not all,
significanl risks and rewards of ownership, has transferred control of the asset to another paty.
Financial liabilities are derecognised Only wben the obligation specified in contract is discharged. ¢an¢elled
or expires.
Page 14

Sfight Advice South Lakes
Notes to the FfinanclAI Statements for the Year Ended 31 March 2024
3 In¢ome from donadons and legacles
UDrestricted
fuDd$
General
Restri¢ted
funds
Total
2024
Donations and legacies.
Donations from individuals
Legacies
Gift aid reclaimed
20,844
40,000
2.838
452
21,296
40.000
2,838
63,682
452
64.134
Unrestrl¢ted
funds
General
Restrlcted
fuDds
Total
2023
Donations and legacies"
Donalions from companies, trusts and similar
proceeds
Donations from individuals
Legacies
Gift aid reclaimed
9,969
19.947
20,330
2.366
9,969
19.956
20,330
2,366
52.612
52,621
Page 15

Sight Advlce South Lakes
Notes to the Financial Statements for the Year Ended 31 Mareh 2024
4 Incomo from ¢harltabl¢ a¢tlvStits
Unrestrl¢ted
funds
G¢ner21
Restricted
fund$
Total
2024
Big Lottery Fund
Big Lottery Extra Support
Henry Smith
Eric Ivright Trust
Masonic Charilable T￿st
Francis Scolt CYP
Cumbria Communiiy Foundalion
Galloways ECLO
The Inman Charitable TnLSt
Royal Victoria Trust
February Foundation
Garfield Weston
Herd Laivson
YBS Grant
Bryan Lancaster
43.105
43,105
15,794
33,750
20.000
5.000
13,300
6,000
15.689
5,000
5,000
5,000
25,000
2,400
1.000
500
15,794
33,750
20.000
5.0(K)
13.3CK
6,000
15.689
5,000
25,000
2,400
1,000
500
63.194
133.344
196.538
Page 16

Sight Advice South Lakes
Notes to the Flnanclal Statements for the Year Ended 31 March 2024
Unrestricted
fund$
CtD¢ral
Restricted
fund$
Total
2023
Big Lottery Fund
Big Lotiery Extra Support
Henry Smith
UHMBT for ECLO
Eric Wright Trust
Francis Scott CYP
Cumbria Community Foundation
Awards for All
DWP Kickstarter
Ulvers¢Toft- newsletter
Lupton IowaTds Meet up & Call
Gateway Group - Wednesday Social
HeTd Lawson
Galeivay Group - DSL
Skipton - Explore 2
Clark - towards new PC
Kendal BID
Harold & Alice Bridges- IT equipment
Bryan LAn¢ast¢r
Other unrcstricl¢d grants
Alpkit - Wlak in the Park
43,181
43,181
5,385
33,100
15.689
20,000
13,800
19,016
8,718
6,081
1,860
1,500
1,000
2,400
760
850
500
500
500
2.000
150
160
5.385
33,100
15,689
20,IKJO
13,800
19,016
8,718
6.081
1,860
1,SIXI
1,000
2,400
760
850
500
500
5¢XI
2,000
150
160
7,535
169,615
177,150
Page 17

Sfight Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Ineome from other trading aetMII
Unrestrleted
funds
General
Restricted
funds
Total
2024
Trdding income.
Sales olgoods and services
Local fundrnising and street collection incon
Viial Group restricted
6,956
9.913
6.956
9.913
754
754
16,869
754
17,623
UDrutrfcted
fund$
General
Restricted
funds
Total
2023
Trading income.
Sales of goods and services
Local fundrdising and street ¢oll¢¢tion incon
Vital Group reslricled
Recharge of expenses to SLSB Enietprises
5,802
6,683
5,802
6,683
825
3,288
825
3288
15,773
825
16,598
6 Inve51meDt income
Unrestrltted
fuods
General
Total
2024
Other income from fixed 255¢t Inv￿Trts
2.103
2.103
2.103
2.103
UDrestri¢ted
funds
C¢nerg1
Total
2023
Other income from fjxed asset inveslments
1.069
1.069
1,069
Page 18

Sight Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Other ineome
Unre$trlcted
funds
General
TotAI
funds
Rental income
1,601
1.601
Total for 2024
1.601
1,601
TotAi for 2023
2,339
2.339
8 ExpcndStur¢ QD rnislng funds
2) Colts of tradlDg aetlvltles
UDrestrleted
funds
G¢ner21
Restrl¢tod
fund$
Total
2024
Note
Fundraising trnding costs:
Sthff costs
Advertisin8 and publicity
Fundraisin8 expenses
Cosi of goods sold
Utilitics and raies covered by gran
17.598
768
95
7.673
17,598
1,476
95
7,673
1,309
708
1.309
26,134
2,017
28,151
Unrestrlcted
fund$
General
Reslrltted
funds
Tolal
2023
Note
Fundraising trading costs;
Slaff costs
Advertising and publicity
Fundraising expenses
Cost of goods sold
Fundraising ¢onsulthnts
Utilities and rdles covered by grants
16.164
16,164
1,516
69
6,025
2,105
1,710
667
69
6.025
2.105
1,710
25,212
2,377
27,589
Page 19

SSght Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
Allocated
support ¢osts
Total
2024
Direct Costs
Costs of trading activities
Other costs of generating funds
8.982
1.571
17.598
26580
1,571
10,553
17.598
Alloeated
support costs
28.151
Totol
2023
Direct costs
Cost5 of generating donalions and legacies
Costs of trdding activities
Other costs of generating funds
2.105
16,164
2.105
23,899
1,585
7,735
1,585
9.320
18,269
27,589
9 EYpenditur¢ on charitable activities
Unrestricted
funds
G¢neral
Restrlet¢d
funds
Total
2024
Staff Costs. rttruitment and training
Telephone and computer
Rates and utilities
Statf travel
Volunteer, user travel and expenses
Group expenses
Room Hire and Event Costs
Printing, postage and slalionery
Insurance
Repairs and r¢n¢ivals
Training and conference fees
Sundry cxpcnscs
Bookkeeping and payroll
Independent examination fee
Bank chargcs
Depreciation
68.673
5,425
3,068
726
350
125,297
2,732
193,970
8,157
3,068
2.811
985
426
2,152
2,118
1.280
7,460
2,175
763
1,599
2,385
730
10,702
2,085
635
426
1,591
943
561
1,175
1.280
6,629
1,728
763
1,599
2.385
730
10,702
831
447
105.794
134.987
240,781
Page 20

Sight Advice South Lakes
Notes to the Fin2nci21 Statements for the Year Ended 31 March 2024
Unrestrieted
funds
General
Restricted
funds
Total
2023
Staff COS￿ reCNItiT￿nt and trainin8
Telephone and computer
Rates and utilitics
Stsff travel
Volunteer, user travel and expenses
Group expenses
Room Hire and Event Costs
Insurance
Repairs and renewals
Trdining and conference fees
Sundry expenses
Bookkeeping and payToII
It￿ependent examination fee
Printing, postage and stationery
Bank charges
Depreciation
39,406
3,636
4,079
508
615
142214
4,805
181,620
8,441
4,079
2,492
702
538
5,125
1,564
4,703
2,709
1,728
876
1,890
2,388
696
10,174
1.984
87
538
4.500
625
1,564
4,577
868
1,728
876
1,890
1,544
696
10,174
126
1.841
72.786
156,939
229,725
Page2l

Sight Advlce South Lakes
Notes to the FlnAncl21 Stgtements for the Year Ended 31 March 2024
Actlvlty
undert2k¢
directly
Actlvlty
support ¢osts
2024
Staff Costs. recruitment and training
Telephone and ¢omputer equipmen¢
Renl. rates and utility Charges
Sthff travel
Volunteer travel and expenses
Group Expenses
Room Hire and event costs
Printing. postage and stationery
Insurance
Repairs and reneiva15
Tralning and conferen¢¢ fees
Sundry Expenses
Bookkeeping and payroll services
Independent examination fee
Bank Char8es
D¢prcciation
153.086
40,884
8.137
3,068
193,970
8,157
3.068
2.811
985
426
2.152
2,118
1,280
7,460
2,175
763
1.599
2,385
730
10,702
2,811
985
426
2,152
2,118
1,280
7.460
2,175
763
1,599
2,385
730
10,702
161,635
79,146
240 781
Page 22

Sight Advlce South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
A¢tivity
undertaken
directly
Attlvlty
support costs
2023
Staff Costs, recruitmcnt and training
Telephone and computer equipment
Rent, rates and utility ¢har8¢S
Staff travel
Volunteer travel ind ¢xpens¢s
Group Expenses
Room Hire and evenl ¢osts
Prinlin& postsge and slation¢ry
Insurance
Repairs and reneivals
Ttaining and conference fees
Sundry Expens¢s
Bookkeeping and payroll servi¢es
Inde￿ndent examination fee
Bank Charges
Dcprecialion
144,502
37,118
8,441
4,079
181,620
8.441
4.079
2.492
702
538
5,125
2.388
1,564
4,703
2,709
1,728
876
1,890
696
10,174
2,492
702
538
5,125
2,388
1,564
4,703
2,709
1,728
876
1,890
696
10,174
156,068
229,725
10 Analy$ls of goi'ernanee and support costs
GovernAnee eos¢s
Unrestrltted
funds
General
Total
2024
Independent examiner fees
Examination of the financial sthtements
2,385
2,385
2,385
2,385
Unr¢strl¢ted
funds
General
Total
2023
Ind¢p¢nd¢nt examiner fees
Examinalion of the financial statements
1,890
1,890
1,890
1,890
The Independent examincrfs finn also provides payroll services to the sum of £975 (2023 £876}.
Page 23

Sight Advlce South Lakes
Note5 to the Financial Statements for the Year Ended 31 March 2024
I l Net In¢omlngloutgoing resourc
Net incomingl(oui8oin8) resources for the year include:
2024
2023
Depreciation of fixed a55ets
10,174
12 Trustees rtmuneradon And expenses
No tsvstees, nor any persons connecied with lh¢￿ have received any remuncration from the charity duTing th¢
year.
No Irustees have received any reimburscd expenses or any oth¢r benefits from the charity during the year.
13 Staff costs
The a8gr¢8al¢ payroll costs were as follows..
2024
2023
Staff costs durlng the year were:
Wages and salaries
Social securiiy cosls
Pension costs
193,904
8,311
9,352
182,170
7,270
8,344
211,567
197,784
The monihly avera8e number of persons (including senior management I leadership t¢am) employed by the
¢harily during the year exp￿sSed as full lime equivalents was as follows..
2024
2023
Dircctor
Fundrnising
Adminislralion
Project Officer5
The avcragc head count (number of statTemploycd) during the y¢ar ivas 12 {2022 - 12).
11 (2023 - 10) of ihe above employees participated in ihe Defined Conlribution Pension Schemes.
Contributions to Ihc ¢mployee pension ￿heMeS for the year totslled £9,352 (2023 - £8,344).
No employee received emoluments of more Ihan £60,000 during the year.
The toial employee benefits of the key management personnel of the charity were £52.793 {2023 - £48,492).
Page 24

Sight Advlce South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
14 Taxation
The charity is a registered charity and is therefore exempt from taxation.
15 Tangible fixed assets
Land and
buildings
FurnEture and
equipment
Tot
Cost
At l April 2023
At 31 March 2024
343.717
38.019
381,736
343.717
38,019
381,736
Depreclation
At l April 2023
Charge for the year
48.120
6.874
26,794
3,828
74,914
10,702
At 31 March 2024
54,994
30,622
85,616
Net book value
At 31 March 2024
288,723
7.397
296,120
At 31 March 2023
295.597
11.225
306,822
16 Debtors
2024
2023
Accrued income
2,778
2,365
17 Credltors: amounts fallfng dlle ivlthln one yoar
2024
2023
Other taxation and social security
Other creditors
ACC￿alS
Deferred income
3,125
2,872
2.248
37,175
3.003
2.770
2,101
78,190
86,064
2023
45.420
2024
Deferred income at l April 2023
Resources deferred in the period
Amounts released from previou5 periods
78,190
37.175
(78.190)
49.576
78,190
(49.576)
Deferred income at year end
37,175
78.190
Page 25

Sight Advice South Lakes
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Funds
BA14ne¢ at
31 March
2024
Balance 4¢ I
April 2023
Incoming
resources
Resourccs
expended
Transfers
Unrestrlctod fund$
General
Genernl funds
224,638
147.449
(121,226)
12,507
263,368
Designaled
New building llnd assets
Investment in ￿tUre services
Building mainl¢nanc¢ fund
306,822
29,511
15.000
(10,702)
296,120
17,004
15,(KiO
328,124
(12,507)
351,333
10,702
12,507
Total unr¢strlet¢d fund$
575,971
591,492
Re5trlcted funds
Big Loll¢ry Fund - New
Masonic Charitable Trust
The Inman Churilable Trust
Galloivays ECLO
Henry Smiih
Building Appeal
Luplon Tower Tn￿1
February Foundation
Dual sensory loss
Francis Scolt Trust
Alpkit
Kendal BID
Ulverscroft
Cumbria Community
Foundation
Smart Suite CCF
YBS Grani
YWCA
Royal Victoria Trust
Bryan Lancaster
Group Activities
Otber restricted Donations
4,026
43,105
5,000
5,000
15,689
33,750
{46,298)
(5,000)
(5,000)
(14,572)
(36,130)
833
4,314
3,533
3.296
631
5,431
1,153
3,296
(631)
(5,000)
(3)
(14,414)
974
1.134
160
500
1,138
971
20
160
500
13,300
(1,138)
5,000
1,000
1,000
(4,443)
{767)
557
233
1.000
34.831
2,857
500
3.954
,316
34,959
(128)
(2,143)
5,000
500
1,206
3,785
,616
(1,337)
300
{300
Total restrlcted funds
60,066
134,550
137,Q04
57,612
Tot41 funds
636,037
281,999
268.932)
649.104
Page 26

Slght Advlce South Lakes
Notes to Ihe Financlal Statements for the Yegr Ended 31 March 2024
B21ance At
31 Mareh
2023
Balanee at I
Aprll 2022
Incomlng
resources
Resources
expended
Transfers
UDre5trlcled funds
General
Generdl funds
230243
79,328
(87,825)
2.892
224,638
Designafed
Neiv building and assets
Investment in fuWr¢ seTVittS
Building maintenance fund
316,996
29,511
15,fA)o
{10.174}
306,822
29,511
15.000
361.507
10.174
351.333
Total UDrestrleted funds
591.750
79,328
(97.999
2,892
575.971
Reslrk¢ed
Big Lottery Fund - New
UHMBT ECLO
Awards for All
Galloways ECLO
Henry Smith
Herd Lawson
Building Appeal
Luplon Tower Trust
Clark Foundalion
Dual sensory loss
Francis S¢olt Trust
Fred Whitton
Eric IVri8ht
Harold & Alice Bridges
Charity
Alpkit
Kendal BID
Ulvers¢roft
Skipton
DWP KickstsrteT
Cumbria Communily
Foundation
YWCA
Group Activities
Other restricied DOn￿lonS
43,181
(39,155)
4,026
3.017
(3,017>
(23)
8,718
15,689
33,ILXI
2,4(Xl
(8,695)
(12,012)
(32.633)
(4,810)
637
4,314
3,533
2,410
3296
3,296
631
1.5(K)
500
769
13.8
(869)
(478)
(183)
(12.666)
(22)
388
974
166
(166)
20,0￿1
(20.000)
500
160
51)0
1.860
850
6.081
(466)
(34)
160
500
1,138
(722)
(850)
(6,042)
(39)
19.016
(19,005)
(i i)
34,959
3270
616
34,959
3.785
1,616
825
1,000
{730)
420
Total restrl¢ted lunds
51,825
170.449
{159,316)
2,892
60,066
Total funds
643.575
249.777
(257,315
636,037
Page 27

Sigbt Advice South Lakes
Notes to the Flnanclal Statements for the Year Ended 31 Marcb 2024
The specific purposes for which the funds are to be applied att as follows:
The Charity has several restricted funds. the largesi being The Big Loitery Fund - Reaching Communities
These provided fmance for the ¢haTitsble activities and core fill￿1ng during the year.
Brief details of the purposes of the other restricted funds are es follows:
Henry Smith - Assistive Te¢l)nology and Community Outreach
Francis Scott Tntst- activities and support for visually impaired children and youDg people:
UHMBT- ECLO at Westmorjand General Hospital
Big Loiiery Awards for All - Sighi Support
Cumbria Community Foundation- Sight Support
Eric Wright- Community Outreach
19 Analys1$ of net ossets behveen fnnds
Total funds at
31 M2r¢h
2024
UDre$trieted funds
General
Designated
Restricted
funds
Tangible fixed assets
Currenl assets
Curreni liabililies
296,120
44,511
296.120
398,404
{45.420>
296,281
(45.420)
57.612
Total net assets
250.861
340,631
57,612
649,104
Total (unds at
31 March
2023
Unrestricted funds
General
De5ign#ted
Restrlcted
fund5
Intangible r￿ed assets
cu￿ellt assets
Current liabilities
306,822
44.511
306,822
412.914
(86.064)
308,337
(86,0&4)
222.273
60,066
Toral net assets
351.333
60.066
633.672
Page 28

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