2021-03-31-accounts - Somerset Sight Limited

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Somerset County Council		Sobell Foundation
National Lottery Community	Fund*	BBCChildren in Need
Somerset Community Foundation		29May 1961Trust
Dame Uiolet Wills Trust		British Wireless for the Blind
SirJules Thorn Trust		Lalonde Trust
Dixie Rose Findlay Charitable Holbeck Charitable Trust	Trust	Christadelphian Samaritan Fund Roger k Sarah Bancroft Clark Charitable	Trust

INCORPORATING AN IN	COM	E AND	EXPENDI	TURE ACCOU	NT)
						Total	Total
			Notes	Unrestricted	Restricted	2021	2020
INCOME
Donations and Legacies				116,097		116,097	251,007
Other trading activities				12,156		12,156	60,998
Income &om investments				23,301		23,301	27,220
Income &om charitable activities				119,943	212,943	332,886	295,276
Other income				150		150	8,553
TOTAL INCOME				271,647	212,943	484 590	643,054
EXPENDITURE
Costs ofraising funds
Costs ofgenerating voluntary		income		10,707		10,70"/	11,550
Fund raising costs: Cost	ofgoods sold
and other costs				14,610		14,610	30,628
Investment management	costs			1,624		1,624	1,558
Expenditure on Charitable	Activities			171,020	223,068	394,088	418,789
TOTAL EXPENDITURE				197,961	223,068	421,029	462,525
GAINS/(LOSSES) ON INVESTMENT ASSETS
Realised				3,978		3,978	1,057
Unrealised				44,474		44,474	(36,264)
NET INCOME/(EXPENDITURE) AND			NET
MOUKMKNT OF FUNDS FOR THE			YEAR	122,138	(10,125)	112,013	145,322
RECONCILIATION OF FUNDS
Total funds brought forward				699,067	478,274	1,177,341	1,032,019
Total funds carried forward				821,205	468,149	1,289,354	1,177,341

			2021	2020
		Note
FIXEDASSETS
Tangible Assets		10	778,334	786,493
Investments		11	231,923		134,971
CURRENT ASSETS
Stocks		12	18,728	20,936
Debtors		13	51,555	10,990
Bank, including money held on deposit			224,036	240,082
			294,319	272,008
CURRENT LIABILITIES
Creditors: Amounts	failing due within one
year		14	15,222	16,131
NET CURRENT ASSETS			279,097	255,877
NET ASSETS			1,289,354	1	177,341
FUNDS
Unrestricted funds
Accumulated funds			409,935	351,750
Designated funds			411,270	347,317
			821,205	699,067
Restricted funds			468,149	478,274
TOTAL FUNDS		15	1,289,354	1,177,341

					2021	2020
Net movement in funds for the	reporting	period (asper the
statement offinancial activities)					112,013	145,322
Investment income					(23,301)	(27,220)
Depreciation charges					8,159	6,168
Decrease/(increase) in stocks					2,208	(5,096)
(Increase) in debtors					(40,565)	(93)
(Decrease)/increase in creditors					(909)	1,107
(increase)/Decrease in market value ofinvestments					(44,474)	36,264
Net cash provided by operating	activities				13,131	156,452
Cash flows from investing activities:
Investment income					23,301	27,220
Purchase ofproperty, plant and equipment						(211,139)
Proceeds from sale ofinvestments					12,373	14,978
Purchase ofinvestments					(66,161)	(11,494)
Net cash (used in) investing activities					(30,487)	(180,435)
Cash «nd cash equivalents at the beginning			ofthe reporting
period					249,229	273,212
Cash and cash equivalents at the end of		the	reporting	period	231,873	249,229

nations and	Legacies	2021	2020
Donations		16,192	153,095
Legacies		95,000	87,756
In memory	donations	2,104	3,929
Tax credits		2,801	6,227
		116,097	251,007

Other Trading Activities	2021	2020
Fund raising events	8,238	57,129
Room hire	3,500	2,226
Product sales	418	1,643
	12,156	60,998

come fiom Investments	2021	2020
Dividends	8,224	7,537
Interest received	1,025	1,555
Rental income	14,052	18,128
	23,301	27,220

O	RTHE YEAR ENDED 3	1March 2021
5	Income from charitable	activities			2021	2020
					f.	f,
	Unrestricted
	Somerset County Council funding				93,500	85,000
	Grants from Charitable	Trusts and Foundation			2,000	19,000
	Volunteer visiting service				5,322	11,051
	Resource Room Sales				19,121	25,336
	Restricted
	Total unrestricted income from charitable			activities	119,943	140,387
	BigLottery				80,622	79,136
	Coronavirus Community Support Fund				50,000
	Grants from Charitable	Trusts and Foundations			81,292	69,710
	Contributions towards	the cost ofactivities			1,029	6,043
	Total restricted income from charitable		activities		212,943	154,889
	Total income from charitable activities				332886	295276
6	Other income				2021	2020
	Expenses contributed	from volunteers				7,729
	Sundry income				150	824
					150	8 553

				Activities
				Undertaken	Support	Total	Total
				Directly	Costs	2021	2020
Cost ofraising			funds
Costs of	generating
voluntary			income	2,533	8,174	10,707	11,550
Fundraising			costs	6,436	8,174	14,610	30,628
Investment		management		1,624		1,624	1,558
Charitable	activities			325,662	68,426	394,088	418,789
				336,255	84,774	421,029	462,525
Allocation	of		support costs	Costs of
				Generating
				Voluntary		Charitable	Total	Total
				Income	Fundraising	Activities	2021	2020
General office				4,772	4,772	38,181	47,725	39,704
Travel				23	23	187	233	1,799
Independent		examination				2,856	2,856	2,940
Sundry				132	132	1,060	1,324	2,068
Premises				3,247	3,247	25,980	32,474	44,676
Event costs								4,649
Training						162	162	337
				8,174	8,174	68,426	84,774	96,173

O	RTHE YEAR ENDED 31March 2021	RTHE YEAR ENDED 31March 2021
8	Net Income/(Expenditure)		2021	2020
	Net income/(expenditure)	is stated after
	charging:
	Independent examiner's	fee	2,856	2,940
	Depreciation - owned assets		8,159	6,168
9	Staff costs		2021	2020
	Gross salaries		255,284	244,231
	Employer's national insurance		17,798	17,948
	Pension contributions		7,525	6,259
			280,607	268,438

Fixed Assets	Land and	Motor
	Buildings	Vehicles	Total
Cost
At 1 April 2020 and 31March 2021	812,274	24 828	837 102
Depreciation
At 1 April 2020	29,925	20,684	50,609
Charge for the year	7,123	1,036	8,159
At 31March 2021	37048	21 720	58 768
Net BookValue
At 31March 2021	775 226	3 108	778 334
At 1 April 2020	782,349	4,144	786,493

11	Fixed Assets - Invest	ments
			Value
	Market value at 1 April 2020		134,971
	Cash invested		50,000
	Purchases at cost		66,161
	Disposals at book value		(12,373)
	Increase in market value		44,474
	Decrease in cash held	for investment	(51,310)
	Market value at 31March 2021		231,923
	Listed on Stock Exchange		224,086
	Cash held for reinvestment		7,837
			231,923
12	Stocks		2021	2020
	Resource room		18,628	20,836
	Fundraising		100	100
			18,728	20936
13	Debtors		2021	2020
	Trade debtors		683	2,480
	Other debtors		46,580	4,048
	Prepayments		4,292	4,462
			51 555	10990
14	Creditors: Amounts	failing due within one year	2021	2020
	Trade creditors		10,329	4,396
	Accruals		4,893	10,510
	Pension Contributions			1,225
			15,222	16,131

Fund Accounts - 2021	Fund Accounts - 2021
		Opening			Investment		Closing
		Balances	Income	Expenditure	Movement	Transfers	Balances
Unrestricted Funds			E
General		351,750	271,647	(193,914)	48452	(68,000)	40993
D~iesi ated
Northfield House
Improvement Reserve		343,173		(3,011)			340,162
Property Maintenance
Reserve						68,000	68,000
MAS vehicle - Capital		4,144		1,036			3,108
Total designated		347,317		(4,047)		68000	411,270
Total unrestricted		699,067	271,647	(197,961)	48,452		821,205
Restricted
Northfield House Reserve		228,596		(2,006)			226,590
Bradbury Centenary	Wing	210,580		(2,106)			208,474
Mobile advisory service		30,995	80,622	(79,532)			32,085
Coronavirus Community
Support			50,000	(50,000)
Children's activities			4,592	(4,592)
Service User equipment		1,000					1,000
Emotional support services			3,800	(3,800)
Early intervention		856	42,600	(43,456)
Resource centre		6,247	25,000	(31,247)
Adult Activities			699	(699)
Seeing Life Differently
Courses			80	(80)
Access to work			3,250	(3,250)
BWFB			2,300	(2,300)
Total restricted		478,274	212,943	(223,068)			468,149
Total Funds		1,177,341	484,590	(421,029	48,452		1,289,354

Fund Accounts - 2020	Fund Accounts - 2020	Fund Accounts - 2020
			Opening			Investment		Closing
			Balances	Income	Expenditure	Movement	Transfers	Balances
Unrestricted Funds
General			330,107	362,965	(298,151)	(35,207)	(7,964)	351,750
desi aat d
Building Improvcmcnt		k
Maintenance Reserve			337,986		(2,777)		7,964	343,173
MAS vehicle - Capital			5,524		1,380			4,144
Total designated			343,510		(4,157)			347P17
Total unrestricted			673,617	362,965	(302/08)	(35,207)		699,067
Restricted
Northfield House Reserve			230,607		(2,011)			228,596
Bradbury Centenary	Wing		85,380	125,200				210,580
Mobile advisory service			31,130	79,136	(79,271)			30,995
Children's activities			3,930	9,665	(13,595)
Adult activities			3,110	6,958	(10,068)
Service User equipment			1,000					1,000
Technology grants				4,000	(4,000)
Emotional support services			3,245		(3,245)
Seeing Life Differently
courses				1,980	(1,980)
Early intervention				20,000	(19,144)			856
Resource centre				30,000	(23,753)			6,247
Volunteers centenary		event		500	(500)
Hospital eye clinic				2,000	(2,000)
Access to work grant				650	(650)
Total restricted			35S,402	280,089	(160,217)			478,274
Total Funds			1,032,019	643,054	(462,525)	(35,207)		1,177+41

Analysis	ofNet Assets between Funds	ofNet Assets between Funds
					2021
		Unrestricted	Designated	Restricted	Total
Fixed Assets
Tangible	assets		343,270	435,064	778,334
Investments		231,923			231,923
Current	Assets
Stocks		18,728			18,728
Debtors		51,555			51,555
Bank		122,951	68,000	33,085	224,036
Current	Liabilities
Creditors:
Amounts	due within one
year		(15,222)			(15,222)
Total		409,935	411,270	468,149	1,289,354

		Unrestricted	Designated	Restricted	Total
Fixed Assets
Tangible	assets		347,317	439,176	786,493
Investments		134,971			134,971
Current	Assets
Stocks		20,936			20,936
Debtors		10,990			10,990
Bank		195,659		44,423	240,082
Current	Liabilities
Creditors:
Amounts	due within one
year		(10,806)		(5,325)	(16,131)
Total		351,750	347,317	478,274	1,177,341

			Unrestricted	Restricted	Total
INCOME
Donations and Legacies			125,807	125,200	251,007
Other trading activities			60,998		60,998
Income from investments			27,220		27,220
Income &am charitable activities			140,387	154,889	295,276
Other income			8,553		8,553
TOTAL INCOME			362,965	280,089	643,054
EXPENDITURE
Cost ofraising funds
Costs ofgenerating voluntary		income	11,550		11,550
Fundraising costs: Cost ofgoods sold and
other costs			30,628		30,628
Investment management	costs		1,558		1,558
Expenditure on Charitable	Activities		258 572	160,217	418,789
TOTAL EXPENDITURE			302,308	160,217	462,525
(LOSSES)ON INVESTMENT ASSETS
Realised			1,057		1,057
Unrealised			(36,264)		(36,264)
NET (EXPENDITURE) AND NET
MOVEMENT OF FUNDS FORTHE YEAR			25,450	119,872	145,322
RECONCILIATION OF FUNDS
Total funds brought forward			673,617	358402	1,032,019
Total funds carried forward			699,067	478,274	1,177,341