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 partic￿ar 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 SUpp￿t 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 awa￿neSS 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
T￿￿tees, 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 COnr￿clI0n5. 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 andaP￿n1n￿1L 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 deS￿1p110n 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 keYmanageM￿lp8wnnel 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 peri￿liCallY 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 ex￿eding £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 acc￿Jnting 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 all￿ted 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 daSsif￿d 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 wtr￿n 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 fina￿la1 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 re￿Ivable 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
Res￿￿ed
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 exp￿Se$
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 ser41￿S
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
unrest￿￿ed 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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