Company registration number: 7879355 Charity registration number: 1145818 Sight Advice South Lakes {A company limlted by guarantee) Annual Report and Financlal Statements for the Year Ended 31 March 2025 Stables Thompson & Briscoe Ltd Chartered Accountants & Buslness Advisors Lovrther House Lowiher Street Kendal LA9 4DX
Sight Advi South Lakes Contents Reference and Adminlstrative Details Trustees, Report 2to6 Independent Ex8mlnefs Report Statement of Financial Aclivities 8t09 881ance Sheet 10 Notes to the Flnancial Statemenls 11to30
Sight Advice South Lakes Reference and Admlnlstratlve Details Trusiees L M Baverstock P Blackbum J M Hodklnson Dr S RFding J McLeod Senlor Management l Leadershlp Mrs Park, Chief Executive Officer Team Charlty Reg18tr8110n Number 1145818 Company Reglstratlon Number 7879355 Th8 charity Is incorporated In England and Wales. 8radbury Centre 116 Highgate Kendal Cumbria LA9 4HE Stsbles Thompson & Brlscoe Ltd Chartered Accounlanls & Business Advlsors Lowther House Lowlher street Kendal LA9 4DX Registered Office Independeni Examlner Page 1
Sight Advice South Lakes Trustees. Report The trustees, who are directors for the purposes of company law. wesenl the annual report together with the financial statements of the charltable company for the year ended 31 March 2025. Objectives and activities Objects andaims The company's objects as set out in its goveming document are: For Ihe benefit of those persons who are visually impaired being those persons with an impaimient of visual funclion for which full mediation is nol possible by convenlional spectacles. contact lenses or m8dical intervention and which causes trICtIon in Ihat person's everyday life, in particular by: a) SupportirvJ people with visual impairmenl and in particar those people with a visual impairment within the administrative area of that part of the former county of Westrnorland as is now comprised within the area of Westmorland and Fumess Council and neighbouring areas to improve the quality of their lives. b) ProvidirvJ informalion and support to visualty impaired people and their families and carers. c) Providing visually impaired people social support and activities. d) Helping visually impaired people to live independenlly. e) Promoling awareness of sight loss issues on behalf of visually impaired people. Q Doing all such other charitable things that shall further the ailainment of the Objects. The Mission Statemenl: "Sight Advice South Lakes aims to support people with visual impairnient to improve the quality of their lives, together with promoting greater awareness of sight issues.. Sight Advice South Lakes aims: . To enable visually impaired people lo live irKlepervJenlly. . To provide praclical and emottonal suppK)rt to visually impaired people and their families and carers. . To enable visually impaired people to ac$ social SUppt and aclivities. To promote awareness of sight issues and to campaign with, and on behalf of. visually impaired people. Objectives. strategies andactiwbes Key objectives forseThice prows are.. To provide infomiation and support to visualty impaired people arKf their carers as earfy as possible. To enable visually impaired people to maintain their independence whenever p)ssible and to provide on-going suppo To provide specialist uptTrdate advice about technology suitable for visually impaired people. including the use of computers. To ensure a good quality low vision service is available in the South Lakes area offering full assessment, an easy and quick referral process. short waiting times and follow-up appointments. To increase the provision of infomiation in all appropriate fomiats. To provide aclivities specificalty tailored for people with a visual impairment. meeting others who are encountering similar difficullies. To raise awaneSS of the problems of visual impainnent and dual sensory loss. To promote good quality recruitment. support and training for volunteers. Page 2
Sight Advice South Lakes Ttees, Report In deliverlng th888 key objecilves, Slght Advlce South Lakes has undertaken Ihe lollowing acthiities durlng the year 2024125: . We support visually impaired people across South Lakeland. Founded in 1956, we help people vAth slght loss build supportive relationships. improve thelr wellbeing, and live independently. We work with people as soon as possible after a diagnosis. putting in place Wide person. solutions. Our key activities include.. . Monthly, volunteer-facililated. peer support groups to help people build posilive social networks. We also run regular and one-off events open to everyone with sight loss, induding our popular walking groups, themed quarterly social events and our valued online events. Helping people access specialist equipment and technology includirvJ lighting and magnification alds. talklng watches and cooking aids. enabllng them to live happier. more Independent Ilves. Individuals supported: 113 Cases of support: 330 Tech supp)rt events held: 30. Tech support group attendance: 525 Our Eye Clinlc Liaison Officer {ECLO) is based 8t Westmorfand General Hospital. They provide people wilh practical and emotional support to help them understand their diagnosis and com8 to ierms wlth living with sSght loss. We responded to 1300 light ewuires, 189 full cases were opened, and we referred 120 people for low vision assessments. . This year we gave 65 young people with sight loss and thelr families the chance to gel together and enjoy posiiive aclivities to promote and encourage life skills. Independence, and confidence. Activiues Include kayaking, theatre trips and climbing. We opened 213 Cases of support and hosted 15 Events and activities hosted . This year we completed 66 Low Vision assessments from our centre at the Bradbury Centre and 145 domiciliary visits lo people's homes . We conlinue to provide online and face to face social COnrclI0n5. As people found a new way of accessing social support our online community was stlll incredibly strong, we delivered a total of 202 online arKI face to face events which were atterKled by 2201 people Publlc benefit The Trustees confim Ihat they have complled wlth the requlrements of sectlon 4 of the Charllies Act 2011 to have due regard to the pub5ic benefit guidance published by the Charlty Commlssion for England and Wales. Financlal ievlew The charity raised Income in the year of £273,889 (2024 £281,999) of whlch £204,905 (2024 £134,550} vfis restrlded. Total expenditure was £273.074 (2024 £268,932) of which £176.801 (2024 £137,004> was restrlcted. As a result the overall movement on reserves was an Increase of £28,104 on restrlcted reserves arKI a decrease of £27.289 on unrestricted reseNes. Pollcy on reseryes The trustees have developed a reseTves policy that maintsins 6 months normal operating costs to cover contingencies that could arlse in the coming years. Thls approxlmates to £136.000. The charity had funds at the end of the year of £649,919. however of Ihis £85.716 was restricled, £285.507 VRS represented by fixed assets and £21.812 was designated to future projects. This left £256.884 as free reserves which equates to 11 rnonths normal operating costs. This is higher than the reserves required by the reserves pollcy. but in the current difficull dimate it is not excessive. Page 3
Sight Advice South Lakes Trustees, Report Structure, governan and managernent Nature ofgoveming document The company was incorporated on 12 December 2011 arKI is governed by Ihe Memorandum an Articles filed on thal date. On 1 Apyil 2012 the chaiity of the same name (registered number 702612) merged with the company. which took over all the activities of the old charity. The old charity was closed on 25 July 2012 and the mwger is registered with the Charity Commission as of 1st July 2012. Recruitinent andaPn1n1L oflmslees The Articles for Sight Advice South Lakes requires that the members endeavour to ensure Ihat al leasi one third of the Management Board members are visually impaired. Each volunteer trustee goes through an induction process which includes eligibility thecks. a role deS1p110n and details of their responsibilities. Induction and tralnlng oflmslees All new trustees are given an 1rrtluc1i programme whlch gives them the opportunity to meet with key staff in the organisation. attend key charitsble activities. given copies of Board of Trustee minutes and papers for the past 6 monlhs. a copy of the mosl recent Trustees Annual Report and Accounts. a copy of the constitullon and CC3- The Essential Trustee (Charity Commission). Arrangements fvselfrng keYmanageMlp8wnnel remunerntion The Chief Executiv& Officer is key management personnel and the Trustees set MuneratiOn with regard to NJC salary scales. Maiorrfsks 8ndnAgnagemeni ofthose iisks Riskassessment The truste8s periliCallY urKlertake a review of major risks lo which the charity is exposed and also review systems and procedures to manage risks that are in place. These Include a regular update and review of financial procedures and an ongoing programme of training for staff in all areas relevant to their posl. The major risk to the organisation at present is that of an over reliance on grants to maintain services. The charity is continuing to develop other forms of income including community fundraising and social enterprise. Following the purchase of 116 Highgate the Board of Trustees recognise thal the benefjts for relocating the charlty indude: improving current services: providing more sen4itss," increasing the charity's profile and reducing overall running costs. Financlal inslruments Obiec&ves andpollcles The Charivs activities may expose it to a number of finanaal risks indudiTrJ credit risk. cash flow risk and liquidity risk. The ChaTity does not make e of financial derivatives. Cash ffowrfsk The Charity's activities do not expose il to the financial risks of changes in foreign cuwrency exchange rates and interest rates. Interesl bearing assets and liabilities are not significant. Page 4
Sight Advi South Lakes Trustees, Report Gredil rlsk The Charity's principal financial assets are the Property at the Brddbury Centre. bank balances and cash, trade and other recelvables, and investments. The Charity's credit risk is primarlly attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful recelvables. An allowance for Impalrment is m£de where there Is an identified loss event which. based on previous experlence, Is evidenc8 of a reduction in the recoverability of the cash flows. The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by internalional credit-rating agencles. The Charity has no significant concenlration of credit risK with exposure spread over 8 large number of counterparties and customers. Llquldlty nsk In order to mainlaln 1Squidity to ensure that sufficient funds are avallable for ongoing operalions and future developments, the Charity malnlalns a level of bank reserves. Further details regardlng liquidity risk can be found in the Ststement of accounting policies in the tlnanclal statements. ststemeni of trustees, responslbllltles The trustees (who are also the directors of Slght Advice Soulh Lakes for the purposes of company law) are responsible for preparing the trustees. report and the financial ststements In accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Including FRS 102 'The Financlal Reporting Siandard applicable in the UK and Republic of Ireland.. The rèport and accounts have been prepared in accordance with the provislons In the Companles Act 2006 relating lo small companies. Company law requires the trustees to prepare financi81 statements for each financial year. Under company law the trustees musl nol approve the financial statements unless they are satisfied Ihat they give a true and falr view of the slate of affairs of Ihe charitable company and of the incoming resources and application of resourc8s, Including ils incomé and expendlture, of tha charltable company for that perlod. In preparing these financlal statements, the trustees are requlred lo.. selecl suitable accounling policles and apply them consistently; observe the methods and princlples Sn the Charities SORP; make judgements and estlmates that are reasonable and prudent; stste whether appllcable accounting standards, comprising FRS 102 have been followed, subject to any material departures dSsdosed and explained In the financial statemenls; and prepare the financial siatemenls on the going concern basis unless it is Inappropriaie to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can dlsclos8 with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. The trustees are responslble for the maintenance and integrity of the corporate and financial Information included on the charitable company's website. Legislation governing Ihe preparallon and disseminalion of flnancial statements may differ from legislatlon in other jurisdictions. Page S
Sight Advice South Lakes Trustees. Report Small companles provision statement This report has been prepared in accordance wlth the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 1 December 2025 and signed on its behalf by: P Blackbum Trustee Page 6
Sight Advice South Lakes Independent Examinerfs Report to the trustees of Sight Advice South Lakes ('the Company.) I report lo the charity trustees on my examinatlon of the accounts of Ihe Company for the year ended 31 March 2025. Responsibllities and basls of report As the charity's trustees of the Company (and also Its directors for the purposes of company law) you are responslble for the preparation of the accounts In accordance wlth the requlrements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not requSred to be audited under Part 16 of th8 2006 Act and are eligible for independent examination, I report in resp8Ct of my examination of your charity's accounts as Carried out under section 145 of the Charities Act 2011 ('the 2011 Acl,). In carrylng out my examlnation I hav8 followed the Dlréctions given by the Charity Commisslon under secllon 145(5){b) of the 2011 Act. Ind6pendent examlnefs statsment Since the Companls gross Income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examlnation because l am 8 member of ICAEW, which is one of the Ilsted bodies. I hav8 compleled my examSnalion. l Confirm thai no matters have come to my attentlon In connecllon wlth the examlnatlon glvlng me cause to b811eve: accounting records were not kept In respecl of Slght Advlce Soulh Lakes as requlred by sectlon 386 of the 2006 Acl: or 2. the accounts do not accord with those records., or 3. the accounts do not comply wilh the accounting requlrements ol sectlon 396 of the 2006 Act other than any requirement Ihat Ihe accounts give a Iwe and faSr vlew, whlch is not a matter considered as part of an Independent examlnallon; or 4. the accounts have not been prepared in accordance wlth the methods and prfnciples of the Slatement of Recommended Practice for accounting and reportlng by charlties [applicable to charities preparing thelr accounts In accordance with th8 Financlal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102)]. I have no concems end have come across no other matters In connectlon vAth the examlnatlon to whlch attention should be drawn in thls report In order to enable a proper undersl8ndlng of the accounts to be reached. H Holmes Bsc FCA Chartered Accountants & Busin8ss Advisors ICAEW Lowther House Lowiher Street Kendal LA9 4DX Date:.. Page 7
Sight Advi South Lakes Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2025 funds fvnds Note Income and Endowments from: Donations and legaaes Charitsble activities Other trading activities Investment income Other Income 42,840 4,400 17.182 2.020 2.542 1,339 202.383 1.183 44,179 206,783 18.365 2.020 Totsl income 204.905 273.889 Expenditure on: Raising funds Charitable aclivilies (38,217> 58.056 {7,723) 169.078 (45,940) 227.134 Total expenditure 96.273 176,801 273 074 Net {expenditure>fincome Net movement in funds 27,289 28.104 815 (27.289) 28,104 815 Reconcilialion of fvnds Totsl funds broughl forward Total funds caffied foNard 591.492 649.104 18 564.203 85.716 649.919 The notes on pages 11 to 30 form an integral part of these financial ststements. Page 8
Sight Advice South Lakes Statement of Financial Actlvities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Lo&ses) Unrestricted funds Restricted funds Total 2024 Note Income 8nd Endowments from: Donations and legacies Charitable activities Other trading actlvities Investment income Other income 63,682 63,194 16,869 2,103 1,601 452 133,344 754 eA,134 196,538 17,623 2.103 1.601 Total income 281999 Expendlture on., Raislng funds Charltable act5vllles (26,134) 105.794 (2,017) (28,151) 240 781 Tot818xpendllure Net Incomel{expendSture) Net movement In funds 131,928 268 932 15521 15,521 (2,454) 13.067 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 575 971 636 037 18 591492 All of the charlty's actbvlties derive from continuing operallons durlng the above two perlods. The funds breakdown for 2024 Is shown In noie 18. The notes on pages 11 to 30 form an integral part of th8se financial statements. Page 9
Sight Advice South Lakes (Registration number. 7879355) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tanglble assets Current assets Deblors Cash at bank and in harKI 15 285.507 296.120 16 3,122 397,716 400.838 2,778 395.626 398,404 Creditors.. Amounts falling due within one year Net current assets 17 36,426 364.412 352.984 Net assets 649.919 649.104 Funds of the chaTIty: Restrlcted Irmme funds RestrScted funds 18 85.716 57,612 Unrestrfcted Income funds Unreslricled funds 564.203 591492 Total funds 18 649,104 For the financ5al year ending 31 March 2025 the charity was entitled to exemptlon from audit under sectlon 477 of the Companles Act 2006 relating to small companies. Dlrectors, responslbllities: The members have not required the charlty to obtain an audit of its accounts for the year in quesllon in accordance with sectlon 476: end The directors acknowledge their responsibilities for complying with the requlrements of the Act wSth respecl lo accounling records and the preparalion of accounts. These financial stslements have been prepared in accordance wlth the special provlsions relating io companles subject io the small companles regime within Part 15 of the Companles Acl 2006. The financial ststements on pages 8 10 30 were approved by the trustees. and authorised for issue on 1 December 2025 and signed on their behalf by: P Blackburn Trustee The notes on pages 11 to 30 ft)rm an integral part of these financial ststements. Page 10
Sight Advice South Lakes Notes to the Financial Ststements for the Year Ended 31 March 2025 1 Charity ststus The charity is Ilmited by guarantee. incorporated in England and Wales, and consequenlly does not have share capital. Each of the trustees is liable to contribute an amount not exeding £1 towards the assets of the charity in Ihe event of liquidation. The address of Its registered office is". 8radbury Centre 116 Highgate Kendal Cumbria LA9 4HE These financial statements were authorised for issue by th8 trustees on 1 Decemb8r 2025. 2 Accounting policles Summary of significant accountlng policies and key accountlng estlmates The principal accounting policies applied in Ihe preparation of these financial ststements are set out below. These policies have been consislently applied to all the years presented. unless otherwise ststed. Stslemeni of compliance The financial statements have been prepared in accordance wlth 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) - (Charities SORP (FRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companles Act 2006 and Charities Act 2011. Basis of preparatlon Sight Advlce South Lakes meets the definlllon of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are presented in sterling whlch is Ihe functional currency of the charity and rounded lo the nearest £. Going concern The trustees consider thal there are no material uncertainlies about Ihe chariVs ability to continue as a going concem nor any significant areas of unceriainty that affecl the carying value of assels held by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be ceIVed and the amount of Ihe Income receivable can be measured reliably. Page11
Sight Advi South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legacles Donations are recognised when the charity has been notified in writing of both the amount and settlement dale. In the event that a donation is subject to conditions that require a level of performance by the charity befo the diarity is entitled to the funds. the income is deferred and not recognised until either those conditions are fulty met. or the fulfilment of those COTKlitions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administratorlexecutor for the estate has communicated in wriling both the amount and sett]ement date. In the event that the gift is in the fonn of an asset other than cash or a financial asset traded on a recognised stock exchange. recognition is subj.ect to the value of the gift being reliably measurdble with a degiee of reasonable accuracy arKI the tille lo the a&set having been transferred to the charity. Defeffed Income Deferred income represents amounts received for future periods and is rdeased lo incoming resources in thè period for which. it has been received. Such income is only deferred lthen: - The donor specifies thal the grant or donalion must only be used in fulure accJnting periods.. or The dorK)r has imposed conditions which must be rnet before the charity has unconditional entitlement. Invesbnent income Dividends are recognised OTr the dividend has been declared and nolificabon has been received of the dividerKI due. Expenditure All expenditure is recoJnised once there is a legal or constructive obligation lo that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannoi be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central stsff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allted based on the spread of staff costs. Raising funds These are costs incurred in attracling voluntary Income, the management of invesknents and those incurred in Irading activities that raise funds. Charitsible a"v/e$ Charitable expenditure comprises those costs incurred by the charity in the delivery of Its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those cosls of an indirect nalure necessary to suppori them. Support costs Support costs include central functtons and have been allocated to activity cost categories on a basis consistent with Ihe use of resources. for example. allocating property costs by flcx)r areas. or per capita. staff costs by the time spent and other o)sts by their usage. Page 12
Sight Advi South Lakes Notes to the Flnancial Ststements for the Year Ended 31 March 2025 Governance costs These include the costs attrlbulable to the Charitys compliance with conslltutlonal and statLrtory requirements, including audit. strategic managemenl and Trustee's meetings and reimbursed expenses Taxation The charity is considered to pass Ihe tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporatlon tax purposes. Accordingly, the charity is p)tentially exempi from taxation in résp8Ct of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of Ihe Taxaiion of Chargeable Gains Act 1992. to th8 extent that such income or gains are applied exclusivdy to charitable purposes. Tangible fixed assets Individual fixed assets costlng £500.00 or more (computers £1000) are Inltially recorded at cost, less any subsequent accumulated d8pr8ciats.on and subsequent accumulaled impairment losses. Depreclatlon and amortlsatlon Depreciation Is provided on tangible flxed assets so as lo wrlte off the cost or v8luatlon, less any estlmated resldual value, over IheSr expecled useful economlc Ilfe as follows: DepreclalSon method and rate 2% Slraight Llne 10% Straight Llne 33.3% Straighl Llne Asset class Land and Bulldlngs Furniture, Flttings and Equlpment Compuler Equipment Trade debtors Trade debtors are amounts due from customers for merchandlse sold or servlces performed Sn Ihe ordinary course of business. Trade debtors are recognSsed Inlllally 8t ihe transaction prlce. They are subsequently measured at amortised cosl using the èffective Interest method, less provislon for Impalrment. A provision for the impalrment of trade debtors Is established when there is objective evidence that the charity wlll not be able to collect all amounts due accordlng to the orlglnal tenns of the recelvables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposlts. and other short-temi highly Ilquid Investments that are readlly convertible to a known amount of cash and are subjecl to an Insignificant risk of change in value. Page 13
Sight Advi South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 Trade creditors Trade creditors are obllgallons to pay for goods or services that have been acquired in the ordlnary course of business from suppliers. Accounts payable are daSsifd as ojrrent liabilities If the charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at leasl Iwelve months after the reporting date. If there is an uncondits'onal right to defer settlement for at least Iwefve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognlsed Inltlally at the transaction price and subsequently measured at amortised cost uslng the effective interest method. Fund Structure Unreslricled income funds are general funds that are available for use at the trustees, discretion Sn furtherance of the objectives of the charity. Deslgnaled funds are unrestricted funds set aslde for spedfic wrposes at the discretlon of the trustees. Restricted Income funds are those donated for use In a particular area or for specific purposes, the use of which is restrlcled lo thal area or purpose. Flnanclal insiruments Classlffcallon Financlal assets and financial liabilities are recognised wtrn the charity becomes a paty to the contractual provlslons of the instrument. Financial liabilities and equity Instrumenls are dasslfied according to the substsnce of the contractual arrangements entered into. An equity instrument is any conlracl thal evtdences a residual interest In the assets of the charfty after deducting all of its liabllitias. R8cognltlon 8ndme8suremenl All financlal assets and liabllities are inillally measured al transactim prlce (including transaction costs), except for those financial assets dassified as at frdir value through profil or loss, whlch are initlally measured al falr value (which is normally the transaction price excluding transaction costs), unless the arrangement conslitutes a financing transaction. If an arrangement constitutes a financlng transaction. the finala1 asset or financial liability is measured at the present value of the fulure payments discounted al a market rale of interesl for a similar debt instrumenL Flnancial assets arKI liabllities are only offsel in the statement of financial position when, and only when there exists a18gally enforceable right to set off the recognlsed amounts and the charity Intends elther lo settle on a net basis. or to realise the asset and settl8 the liabilty simultaneousty. Financial assets are derecognised when and only wtsn a) the (x)ntractual rights to the cash flows from the financial asset explre or are selued. b) the charity transfers to another paty substantially all of Ihe risks and rewards of ownership of Ihe financial asseL or c) the charity, despite having retsined some. but not all. significant risks and rewards of ownership. has transferTed control of the asset to anolher party. Flnancial liabllilies are derecognised only when ts obllgalion spedfied in the contract Is discharged, cancelled or expires. Page 14
Sight Advi South Lakes Notes to the Financlal Statements for the Year Ended 31 March 2025 3 Income from donalions and legacies Unrestrlcted funds General Restrlcted funds Totsi 2025 Donations and legacles; Donatlons from Indlvlduals Legacles Gift aid reclalmed 28,448 11,261 1,339 29.787 11,261 Unrestricted funds General Restrfcted funds Total 2024 Donatlons and legacles; Donatlons from individuals Legacles Gift ald reclaimed 20.844 40,000 2.838 452 21,296 40,000 452 Page 15
Sight Advice South Lakes Notes to the Flnancial Ststements for the Year Ended 31 March 2025 4 Income from charilable activities Unrestricted funds General Restricted funds Total 2025 Big Lottery Fund Big Lottery Extra Support Henry Smith Eric Wright Trust Masonic Charitable Trust Francis Scott CYP Cumbria Community Foundation Sobell Foundation Beryl Sleigh CT Galloways ECLO 3R Foundation UKH Foundation Garfield Weston Medicash Herd Lawson Frleda Scott Proven Family Trust Harold & Alice Brldges - IT equipment YBS Grant Other unrestricted grants Other restricted granls 46,033 5,410 33.750 24.000 5.000 13,600 6,088 10,000 5.000 16.604 500 5,000 20.000 2,000 46,033 5,410 33,750 24.000 5,000 13,600 6.088 10,000 5.000 16.604 500 5,000 20.000 2.000 2,400 6.500 500 1.000 498 2,000 900 2,400 6,500 500 1,000 498 2,000 900 202 383 206.783 Page 16
Sight Advi South Lakes Notes to the Financlal Statements for the Year Ended 31 March 2025 Unrestri¢aed funds General Total 2024 funds Big Lottery Furbd Big Lottery Extra Support Henry Smith ic Wright Trust Masonic Charitable Trust Francis Scott CYP Cumbria Communty Foundation Galloways ECLO The Inman Charitable Trusl Royal Victoria Trusl February Foundalion Gatffield Weston Herd Lawson YBS Grant Bryan Lancaster 43.105 43,105 15.794 33.750 20.000 5,000 13.300 6.000 15,689 5.000 15.794 33,750 20.000 5.000 13,31XI 6.000 15,689 5.000 5,000 5,000 5,000 25,000 2,400 1,000 500 25.000 2,400 1,000 500 63.194 133.344 196.538 Page 17
Sight Advice Soulh Lakes Notes to the Finandal Statements for the Year Ended 31 Marth 2025 5 Income from other trading activities Unrestrlcied funds General Total 2025 funds Trdding income: Sales of goods arKI services Local fundraising and street colleclion income ITital Group reslricted 7.901 9,281 7,901 9,400 1.064 119 1.064 17.182 1.183 Unrestricted funds General Restricted funds Tolal 2024 Trading income" Sales of goods and services Local fiJrKJraising and streel colleclion income Vital Group restricted 6,956 9.913 754 9.913 754 16.869 754 6 Investment in(x>me Unrestrlcted funds General Total 2025 Interest receivable and similar income; Interest reIvable on bank deposits 2.020 2.020 2.020 2.020 Unrestricted funds General Total 2024 Interest receivable and similar inc. Interest receivable on bank deposits 2.103 2,103 2.103 2,103 Page 18
Sight Advi South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 7 Other income funds General Total funds Rental and other income 2.542 Tolal for 2025 2.542 2.542 Totsi for 2024 1.601 1.601 8 Expenditure on ralslng funds a) Costs of trading acbvities Unrestrided funds General Restricted funds Tolal 2025 Fundraising tradirKJ costs: Stsff costs Advertising and publicity Fundraising expenses Cost of goods sold Fundraising consultants Ulilities and rates covered by grants 27,552 495 74 6.930 3,166 1,587 29,139 1,081 2,147 6.930 3,166 3.477 45.940 2,073 3.477 7.723 38,217 Unrestricied funds General Restricted funds Totsl 2024 Fundraising trading costs: Stsff costs Advertising and publicity FundraisirwJ expenses Cost of goods sold Utilities and rates covered by grdnts 17.598 17,598 1,476 95 7,673 1.309 28.151 708 95 7.673 1.309 26.134 Page 19
Sight Advice South Lakes Notes to the Financlal Statements for the Year Ended 31 March 2025 Allocated Toial support costs 2025 Dlrect costs Costs of tradlng activities Olher cosls of generating funds 13,573 29,139 42,712 3,228 Allocated support cosls Total 2024 Dlrect costs Costs of trading activities Other costs of generating funds 8,982 1.571 17.598 26,580 1.571 9 Expendllure on charfiable athlttes Unrestrlcted funds General Resed funds Total 2025 Staff Costs, recrultment and Irainlng Telephone and computer Rates and utilities Staff travel Volunte8r, user travel and expenses Group expenses Room Hire and Event Costs Prlnting. postsge and ststlonery Insurance Repairs and renewals Training 8nd ¢onf8rence fees Sundry expenses Bookkeeping and payroll Independent examlnauon fee Bank charges Depr8c18tlon 35.249 2,181 605 245 147,857 11,352 183,106 13,533 605 2,992 174 2,747 174 2,044 235 1,608 1,024 354 1,326 397 564 624 1,629 2.568 677 10.613 1,259 1,962 1,326 1,709 1,413 1,524 1,629 2,568 677 1,312 849 900 169078 Page 20
Sight Advice South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 Unrestricted funds General Total 2024 funds Stsff Cosls. recruitment and training Telephone and compuler Rates and utilities Staff Iravel Volunteer, user travel and expSe$ Group expenses Room Hire and Evenl Costs Printing. postsge and ststionery Insurance Repalrs and renewals Training and conference fees Sundry expenses Bookkeeping and payroll Independent exarnination fee Bank charges 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 21
Sight Advice South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 Aciivlty undertaken directy A(#ivity support costs 2025 Staff Costs. recruibnenl and training Telephone and computer equ5pment Rent, rates and utility charges Staff travel Volunteer travel and expenses Group Expenses Room Hire and event costs Printing. postsge and stationery Insurance Repairs and renewals Training and Conferen fees Sundry Expenses Professional Fees Bookkeeping and payroll ser41S Independent examination fee Bank Ch£rges Depreciation 155,245 27,861 13,533 605 183.106 13.533 605 2,992 174 2.992 174 1.259 1,259 1,962 1,326 1.709 1.413 624 900 1.629 2,568 677 10.613 227,134 1,962 1,326 1,709 1,413 624 1,629 677 10,613 63.107 164.027 Page 22
Sight Advice South Lakes Notes to the Financlal Statements for the Year Ended 31 March 2025 Aclfvlty undertaken direcuy Actfvlty support costs 2024 Staff Costs, recrultment and Iralning Telephone and computer equipment Rent, rates and utility charges Stsff travel Volunteer travel and expenses Group Expenses Room Hire and event costs Printing, postsge and stallonery Insuranc8 Repalrs and renewals Tralnlng and conference fees Sundry Expenses Bookkeeplng and payroll senilces Independent examlnatlon fee Bank Charges Depreclallon 153,086 40.884 8.157 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 10,702 240 781 2,811 985 426 2,152 2,118 1,280 7,460 2,175 763 1,599 2,385 730 161635 10 Analysls of governance and support costs Goveman¢e costs Unrestrlcted funds General Total 2025 Independent examiner fees Examinallon of the financial statements Other governance costs 2,568 549 2,568 549 Unrestricted funds General Total 2024 Independent examiner fees Examination of Ihe financial stat6menls 2.385 2,385 2.385 The Independent examlnerfs firm also provides payroll servlces to the sum of £1,009 (2024 £975). Page 23
Sight Advice South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 11 Net Incomingloutyoing resources Nel incomlng resources for the year include: 2025 2024 Depreciation of fixed assets 12 Trustees remuneration and expenses No trustees, nor any persons connected with them, have recelved any remuneration from the charSty durlng the year. No trustees heve received any relmbursed expenses or any olher benefits from the charlty durSng th8 year. 13 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs durlng the year were: Wages and salarfes Soclal securfty costs Pension costs 194,352 8,366 193,904 8,311 212 245 211567 The monthly average number of persons (Including senior management I leadership team) employed by the charity during the year expressed as full time equlvalents was as follows: 2025 No 2024 No Director Fundraisir Admlnlslratlon Project Offlcers The average head count (number of staff employed) during the year was 12 (2024 - 12). 11 (2024 - 11) of the above employees partlclpated In the Deflned Contrlbullon Penslon Schemes. Contributions to the employee pension schemes for the year totslleil £9,527 (2024 - £9,352). No employee received emoluments of more than £60,000 during the year. Page 24
Sight Advice South Lakes Notes to the Flnancial Statements for the Year Ended 31 March 2025 The lotsl employee benefits of the key management personnel of the charity were £52.793 (2024 - £52,793). 14 Taxation The charity Is a reglsiered charity and is therefore exempt from taxation. 15 Tanglble fixed as8ets Land and buildings Fumlture and equipment Total Cost At 1 April 2024 At 31 March 2025 343.717 381736 Depreclation At 1 April 2024 Charge for the year Al 31 March 2025 30,622 85.616 6.876 Net book value At 31 March 2025 285 507 At 31 March 2024 296 120 16 Debiors 2025 2024 Accrued income 2,778 Page 25
Sight Advice South Lakes Notes to the Flnancial Statements for the Year Ended 31 March 2025 17 Creditors: amounts falling due within one year 2025 2024 Olher taxation and sc¢lal securlty Other creditors Accruals Deferred Income 3,106 1.165 2,867 29.288 3,125 2,872 2,248 45,420 2024 2025 Deferred income at 1 Aprll 2024 Resources deferred In the period Amounts released from prevlous perlods 37,175 29,288 37,175 78,190 37.175 Deferred income at year end 18 Funds Balance at 1 Aprll 2024 Balance at 31 March 2025 Incomlng Resources resources expended Transfers unrested funds General General funds 263,368 68,984 {85.660) 10,192 256,884 Deslgnated New building and assets Inveslment In future services BuSldlng maintenance fund 296,120 (10,613) 285,507 17,004 (10,192) 6,812 15.000 15,000 307,319 328.124 10.613 Total unrestrided funds 591492 68.984 96,273 564,203 Restrlcted funds Big Lottery Fund - New Blg Lottery Fund - Extra support Garffield Weston Henry Smlth Cumbria Communlty Foundallon CCF 833 46.033 (46,866) 5,410 20,000 33.750 (5,410) <20,000) (35,907) 1.153 1,004 557 5.000 1,087 (4.553) <1,087) (1,004) Page 26
Sight Advice South Lakes Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 April 2024 Balance at 31 March 2025 Incomlng Resources resources expended Transfers Royal Victoria Trust Francis Scott Trust Frieda Scott Sobell Foundation Masonic Charitab18 Trust Galloways ECLO 3R Foundation Building Appeal Clark Foundalion Dual serKSOry Ioss Beryl Slelgh CT Eric Wright Kend81 BID Alpkit Harold & Alice Bridges Charity Smart Suite CCF YBS Granl YWCA The Home Ins Group Activities Other restricted Donallons Bryan Lancaster UKH Foundation Medicash Proven Famlty Trust Amold Clark 2.857 20 (2.857) (13.620) (6,500) (9.286) (5,000) (12.461) (333) 13.600 6,500 10.000 5,000 16,604 714 5,431 9,574 167 3,296 3,296 470 (470) 971 971 5,000 15,648 24,000 (8,352) (500) 160 {160) 1,000 (47) (50) (429) {916) {330) {1.327) 953 183 1,069 33,915 1,000 34.831 498 330 2,523 3,954 1,316 160 5,310 1,316 (500) 5,000 2,000 500 100 2,000 500 100 Total restrlcied funds 57,612 204 905 176.801 Tolal funds 649.104 273 889 273.074 Page 27
Sight Advice South Lakes Notes to the Financial Ststements for the Year Ended 31 March 2025 Balance at 1 April 2023 Balance at 31 March 2024 Incomlng R8sources resources expended Transfers Unrestricted funds General General funds 224.638 147.449 (121.226) 12,507 263.368 D8&gn8led New bullding and assets Investment in future seNices Bullding maintenance lund 306.822 {10,702) 296,120 29.511 (12,507) 17,004 15,000 Total unrestricted funds 575.971 147,449 131.928 591.492 Restricted Big Lottery Fund - New Henry Smlth Cumbria Community Foundallon Royal Victorfa Trust Francis Scott Trust Masonic Charitable Trust The Inman Charitable Tnjst Galloways ECLO Building Appeal Lupion Tower Tnjst February Foundation Dual sensory loss Kendal BID Alpkil Ulverscroft Smart Suite CCF YBS Granl YWCA Group Aclivities Other $trIcted Donallons Bryan Lancaster Tolal restricled funds 4,026 3,533 43,105 33.750 {46.298) <36,130) 833 1,153 5.000 (4,443) (2,143) (14,414) (5,000) 557 2,857 20 1,134 13,300 5,000 5.000 15,689 (5,000> (14.572> 4,314 3.296 631 5,431 3,296 (631) (5.000) (3) 5.000 974 500 160 1,138 971 500 160 (1.138) (767) 1.000 1,000 233 1,000 34,831 3,954 1,316 500 34.959 3,785 1.616 (128) (1,337) 1.206 300 (300) 500 60.066 134550 137.004 57,612 Tolal funds 636.037 281,999 268.932 649,104 Page 28
Sight Advice South Lakes Notes to the Financial Ststements for the Year Ended 31 March 2025 The specific purposes for which the funds are lo b8 applied are as fdlrnys: The Charity has several restricted funds, the largest beir¥J Th8 Big Lottery Fund - Reaching Communities grants. These provided finance for the charitsble activilies and core funding during the year. Brief details of the pury)oses of the other restricted funds are as follows: Henry Smith - Assistive Technology and Communty Outreach Francis Scolt Trust- aclivities and support for visually impaired childr8n and young people: UHMBT- ECLO at Westmorfand General Hc6pitsI Big Lottery Awards for All - Sight Support Cumbria Community Foundation- Sight Support Eric Wright- Community Outreach 19 Analysls of net assels bet%s*en funds Total funds at 31 March 2025 Unrestricted funds General Designated Restrlcted funds Tangible fixed assets Current assets Current liabilities 285.507 21,812 285,507 400,838 36.426 293.310 36.426 85.716 Totsl net assets 256.884 307.319 85.716 649.919 Totsi fvnds at Restricted 31 March funds 2024 Unrestricted funds General Deslgnated Tangible fixed assels Current assets Current liabilities 296.120 44.511 296.120 398.404 45,420 296.281 45,420 57,612 Totsl net assets 250.861 340,631 57.612 649.104 Page 29
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