2022-03-31-accounts - Somerset Sight Limited

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NCORPORATING AN IN	COM	E AND E	XPENDI	TURE ACCOU	NT)
						Total	Total
			Notes	Unrestricted	Restricted	2022	2021
INCOME
Donations and Legacies				164,703		164,703	116,097
Other trading activities				35,449		35,449	12,156
Income from investments				25,611		25,611	23,301
Income fiom charitable activities				145,566	107,773	253,339	332,886
Other income				196		196	150
TOTAL INCOME				371 525	107773	479,298	484,590
EXPENDITURE
Costs ofraising funds
Costs ofgenerating voluntaiy		income		11,111		11,111	10,707
Fund raising costs: Cost	ofgoods sold
and other costs				17,649		17,649	14,610
Investment management	costs			2,148		2,148	1,624
Expenditure on Charitable	Activities			332,490	98,834	431,324	394,088
TOTAL EXPENDITURE				363,398	98,834	462,232	421,029
GAINS ON INVESTMENT	ASSETS
Realised				116		116	3,978
Unrealised				2,056		2,056	44,474
NET INCOME AND NET MOVEMENT
OF FUNDS FOR THE YEAR				10,299	8,939	19,238	112,013
RECONCILIATION OF FUNDS
Total funds brought forward				821,205	468,149	1,289,354	1,177,341
Total funds carried forward				831,504	477,088	1,308,592	1,289,354

SAT 31MARCH	2022
			2022	2021
		Note
FIXEDASSETS
Tangible Assets		10	770,419	778,334
Investments		11	231,962	231,923
CURRENT ASSETS
Stocks		12	20,240	18,728
Debtors		13	116,570	51,555
Bank, including money held on deposit			187,194	224,036
			324,004	294,319
CURRENT LIABILITIES
Creditors: Amounts	falling due within one
year		14	17,793	15,222
NET CURRENT ASSETS			306,211	279,097
NET ASSETS			1,308,592	1,289,354
FUNDS
Unrestricted funds
Accumulated funds			424,020	409,935
Designated funds			407,484	411,270
			831,504	821,205
Restricted funds			477,088	468,149
TOTAL FUNDS		15	1,308,592	1,289,354

								2022	2021
Net movement in funds for the		reporting			period (as		per the
statement offinancial activities)								19,238	112,013
Investment income								(25,611)	(23,301)
Depreciation charges								7,915	8,159
(Increase)/Decrease in stocks								(1,512)	2,208
Increase in debtors								(65,015)	(40,565)
Increase/(Decrease) in creditors								2,571	(909)
Increase in market value of	investments							(2,056)	(44,474)
Net cash (used in)/provided	by operating			activities				(64,470)	13,131
Cash flows from investing	activities:
Investment income								25,611	23,301
Proceeds from sale ofinvestments								5,089	12,373
Purchase ofinvestments								(5,915)	(66,161)
Net cash provided by/(used	in) investing			activities				24,785	(30,487)
Ch i	'	\|i		p	i	i d	~68
Cash and cash equivalents	at the beginning				ofthe	reporting
period								231,873	249,229
Cash and cash equivalents	at the end		of	the reporting			period	192,188	231,873

Donations and	Legacies	2022	2021
Donations		36,362	16,192
Legacies		120,817	95,000
In memory	donations	2,809	2,104
Tax credits		4,715	2,801
		164,703	116,097

Other Trading Activities	2022	2021
Fund raising events	31,049	8,238
Room hire	2,568	3,500
Product sales	1,832	418
	35,449	12,156

Income from Investments	2022	2021
Dividends	9,350	8,224
Interest received	425	1,025
Rental income	15,836	14,052
	25,611	23,301

O	R THE YEAR ENDED 3	1MARCH 2022
5	Income from charitable	activities			2022	2021
	Unrestricted
	Somerset County Council funding				85,031	93,500
	Grants from Charitable	Trusts and Foundation			21,800	2,000
	Volunteer visiting service				8,008	5,322
	Resource Room Sales				30,727	19,121
	Total unrestricted income from charitable			activities	145,566	119,943
	Restricted
	BigLottery					80,622
	Coronavirus Community Support Fund					50,000
	Grants from Charitable	Trusts and Foundations			97,485	81,292
	Contributions towards	activities k, services			10,288	1,029
	Total restricted income from charitable		activities		107,773	212,943
	Total income from charitable activities				253,339	332 886
6	Other income				2022	2021
	Expenses contributed	from volunteers			196
	Sundry income					150
					196	150

				Activities
				Undertaken	Support	Total	Total
				Directly	Costs	2022	2021
Cost ofraising			funds
Costs of	generating
voluntary			income	2,568	8,543	11,111	10,707
Fundraising			costs	9,106	8,543	17,649	14,610
Investment		management		2,148		2,148	1,624
Charitable	activities			357„001	74,323	431,324	394,088
				370,823	91,409	462,232	421,029
Allocation	of		support costs	Costs of
				Generating
				Voluntary		Charitable	Total	Total
				Income	Fundraising	Activities	2022	2021
General office				5,183	5,183	41,469	51,835	47,725
Travel				86	86	688	860	233
Independent		examination				3,480	3,480	2,856
Sundry				122	122	972	1,216	1,324
Premises				3,152	3,152	25,220	31,524	32,474
Event costs						2,177	2,177
Training						317	317	162
				8,543	8 543	74 323	91,409	84 774

O	RTHE YEAR ENDED 31MARCH 2022	RTHE YEAR ENDED 31MARCH 2022
8	Net Income/(Expenditure)		2022	2021
	Net income/(expenditure)	is stated after
	charging:
	Independent examiner's	fee	3,480	2,856
	Depreciation - owned assets		7,915	8,159
9	Staff costs		2022	2021
	Gross salaries		263,396	255,284
	Employer's national insurance		18,242	17,798
	Pension contributions		13,641	7,525
			295,279	280,607

Fixed Assets	Land and	Motor
	Buildings	Vehicles	Total
Cost
As at 1 April 2021 and at 31March 2022	812,274	24,828	837,102
Depreciation
At 1 April 2021	37,048	21,720	58,768
Charge for the year	7,135	780	7,915
At 31March 2022	44,183	22,500	66,683
Net Book Value
At 31March 2022	768 091	2,328	770,419
At 1 April 2021	775,226	3,108	778,334

				Value
	Market value at 1 April 2021			231,923
	Purchases at cost			5,915
	Disposals atbook value			(5,089)
	Increase in market value			2,056
	Decrease in cash held	for investment		(2,843)
	Market value at 31March 2022			231 962
	Listed on Stock Exchange			226,968
	Cash held for reinvestment			4,994
				231 962
12	Stocks			2022	2021
	Resource room			20,140	18,628
	Fundraising			100	100
				20,240	18,728
13	Debtors			2022	2021
	Trade debtors			5,401	683
	Other debtors			102,879	46,580
	Prepayments			8,289	4,292
				116570	51,555
14	Creditors: Amounts	falling due within	one year	2022	2021
	Trade creditors			6,685	10,329
	Accruals			11,108	4,893
				17,793	15,222

Fund Accounts -	2022	2022
			Opening			Investment	Closing
			Balances	Income	Expenditure	Movement	Balances
Unrestricted Funds
General			409,935	371,525	(359,612)	2,172	424,020
~Desi sssted
Northfield House
Improvement Reserve			340,162		(3,006)		337,156
Property Maintenance
Reserve			68,000				68,000
MAS vehicle - Capital			3,108		780		2,328
Total designated			411,270		(3,786)		407,484
Total unrestricted			821,205	371,525	(363,398)	2,172	831,504
Restricted
Northfield House Reserve			226,590		(2,016)		224,574
Bradbury Centenary		Wing	208,474		(2,112)		206,362
Mobile advisory service			32,085		(32,085)
HPC Community	Fund			30,000	(17,500)		12,500
Children's Activities				1,489	(1,489)
Service User eqtupment			1,000				1,000
Emotional support	services			13,485	(9,948)		3,537
Early intervention				5,500	(5,500)
Volunteer Visiting	Service			12,500	(12,500)
Adult Activities				8,799	(8,799)
Seeing Life Differently
Courses				11,000	(6,885)		4,115
Devon k Cornwall
residents				25,000			25,000
Total restricted			468,149	107,773	(98,834)		477,088
Total Funds			1,289 54	479 298	462 232	2,172	1308592

Fund Accounts - 2021	Fund Accounts - 2021
		Opening			Investment		Closing
		Balances	Income	Expenditure	Movement	Transfers	Balances
Unrestricted Funds
General		351,750	271,647	(193,914)	48,452	(68,000)	409935
~Desi nated
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)		68,000	411,270
Total unrestricted		699&067	271647	(197~961)	48,452		821,205
R~testrt t
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		1177341	484 590	421,029	48452		1289 354

Analysis	ofNet Assets bet	ween Funds
					2022
		Unrestricted	Designated	Restricted	Total
Fixed Assets
Tangible	assets		339,484	430,935	770,419
Investments		231,962			231,962
Current	Assets
Stocks		20,240			20,240
Debtors		116,570			116,570
Bank		73,041	68,000	46,153	187,194
Current	Liabilities
Creditors:
Amounts	due within one
year		(17,793)			(17,793)
Total		424,020	407,484	477,088	1,308,592

Analysis	ofNet Assets bet	ween Funds (co	ntinued)
					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

						Total
			Notes	Unrestricted	Restricted	2021
INCOME
Donations and Legacies				72,097		72,097
Other trading activities				12,156		12,156
Income from investments				23,301		23,301
Income from charitable activities				119,943	212,943	332,886
Other income				150		150
TOTAL INCOME				227,647	212,943	440,590
EXPENDITURE
Costs ofraising funds
Costs ofgenerating voluntary		income		10,707		10,707
Fund raising costs: Cost	ofgoods sold
and other costs				14,610		14,610
Investment management	costs			1,624		1,624
Expenditure on Charitable	Activities			171,020	223,068	394,088
TOTAL EXPENDITURE				197,961	223,068	421,029
GAINS ON INVESTMENT	ASSETS
Realised				3,978		3,978
Unrealised				44,474		44,474
NKT INCOME/(EXPENDITURE) AND			NET
MOVEMENT OF FUNDS FOR THE			YEAR	78,138	(10,125)	68,013
RECONCILIATION OF FUNDS
Total funds brought forward				699,067	478,274	1,177,341
Total funds carried forward				777,205	468,149	1,245,354