## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INCORPORATING
AN IN|COM|E AND|EXPENDI|TURE ACCOU|NT)||| |---|---|---|---|---|---|---|---| |||||||Total|Total| ||||Notes|Unrestricted|Restricted|2023|2022| |INCOME|||||f.||| |Donations
and Legacies||||101,883||101,883|164,703| |Other trading activities||||26,963||26,963|35,449| |Income from investments||||27,177||27,177|25,611| |Income from charitable
activities||||171,045|136,763|307,808|253,339| |Other income||||8,866||8,866|196| |TOTAL INCOME||||335934|136763|472 697|479 298| |EXPENDITURE|||||||| |Costs ofraising funds|||||||| |Costs ofgenerating
voluntary||income||10,308||10,308|11,111| |Fund raising costs: Cost|ofgoods sold||||||| |and other costs||||14,860||14,860|17,649| |Investment
management|costs|||1,950||1,950|2,148| |Expenditure
on Charitable|Activities||7|377,523|173,143|550,666|431,324| |TOTAL EXPENDITURE||||404 641|173 143|577 784|462 232| |(LOSSES)/GAINS ON INVKSTMKNT ASSETS|||||||| |Realised||||(128)||(128)|116| |Unrealised||||(19,749)||(19749)|2,056| |NET (EXPENDITURE)/INCOME||AND|NET||||| |MOVEMENT OF FUNDS FOR THK|||YEAR|(88,584)|(36,380)|(124,964)|19,238| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought
forward||||831,504|477,088|1,308,592|1,289,354| |Total funds carried forward||||742,920|440,708|1,183,628|1,308,592| ## |SAT 31MARCH|2023|||| |---|---|---|---|---| ||||2023|2022| |||Note||f.| |FIXEDASSETS||||| |Tangible Assets||10|762,691|770,419| |Invesnnents||11|210,099|231,962| |CURRENT ASSETS||||| |Stocks||12|15,319|20,240| |Debtors||13|67,050|116,570| |Bank, including
money held on deposit|||149,242|187,194| ||||231,611|324,004| |CURRENT LIABILITIES||||| |Creditors: Amounts|falling due within one|||| |year||14|20 773|17793| |NET CURRENT ASSETS|||210,838|306,211| |NET ASSETS|||1 183628|1 308392| |FUNDS||||| |Unrestricted
funds||||| |Accumulated
funds|||339,036|424,020| |Designated
funds|||403,884|407,484| ||||742,920|831,504| |Restricted funds|||440,708|477,088| |TOTAL FUNDS||15|1,183628|1 308,392| ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |Net movement
in funds for the|reporting||period (as per the||||| |statement offinancial activities)||||||(124,964)|19,238| |Investment
income||||||(27,177)|(25,611)| |Depreciation
charges||||||7,728|7,915| |Decrease/(Increase)
in stocks||||||4,921|(1,512)| |Decrease/(Increase)
in debtors||||||49,520|(65,015)| |Increase in creditors||||||2,980|2,571| |Decrease/(Increase)
in market value of||investments||||19,749|(2,056)| |Net cash (used in) operating
activities||||||(67,243)|(64,470)| |Cash flows from investing
activities:|||||||| |Investment
income||||||27,177|25,611| |Proceeds from sale ofinvestments||||||12,463|5,089| |Purchase ofinvestments||||||(5,256)|(5,915)| |Net cash provided
by investing|activities|||||34,384|24,785| |Change in cash and cash equivalents||in the||reporting|period|32 859|39685| |Cash and cash equivalents
at the beginning||||ofthe reporting|||| |period||||||192,188|231,873| |Cash and cash equivalents
at the end||ofthe||reporting|period|159329|192 188| |Analysis ofcash and cash equivalents|||||||| |Cash account held in Investments|balance sheet amount|||||10,087|4,994| |Bank, including
money held on deposit||per|balance sheet|||149242|187 194| |||||||159,329|192,188| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2|Donations
and|Legacies|2023|2022| |---|---|---|---|---| ||Donations||54,533|36,362| ||Legacies||39,701|120,817| ||In memory|donations|1,983|2,809| ||Tax credits||5,666|4,715| ||||101 883|164703| |3|Other Trading Activities|2023|2022| |---|---|---|---| ||Fund raising events|20,731|31,049| ||Room hire|4,001|2,568| ||Product sales|2,231|1,832| |||26,963|35,449| |4|Income from Investments|2023|2022| |---|---|---|---| ||Dividends|9,638|9,350| ||Interest received|1,187|425| ||Rental income|16,352|15,836| |||27,177|25,611| ## |O|RTHE YEAR ENDED 31MARCH|2023||||| |---|---|---|---|---|---|---| |5|Income from charitable
activities||||2023|2022| ||||||f.|f.| ||Unrestricted|||||| ||Somerset County Council funding||||85,000|85,031| ||Grants from Charitable
Trusts and|Foundations|||13,050|21,800| ||NHS —Low Vision Assessments||||36,030|| ||Volunteer
visiting service||||10,901|8,008| ||Resource Room Sales||||26,064|30,727| ||Total unrestricted
income from|charitable||activities|171,045|145,566| ||Restricted|||||| ||The National
Lottery Community|Fund —Reaching||||| ||Communities/Partnerships||||90,000|| ||Grants from Charitable
Trusts and|Foundations|||33,579|97,485| ||Contributions
towards activities &services||||13,184|10,288| ||Total restricted
income from charitable||activities||136,763|107,773| ||Total income from charitable
activities||||307808|253 339| |6|Other income||||2023|2022| ||Expenses contributed
from volunteers||||8,866|196| ||||||8,866|196| ## ## |||||Activities||||| |---|---|---|---|---|---|---|---|---| |||||Undertaken|Support|Total|Total|| |||||Directly|Costs|2023|2022|| ||||||||f.|| |Cost ofraising|||funds|||||| |Costs of|generating|||||||| |voluntary|||income|621|9,687|10,308|11,111|| |Fundraising|||costs|5,173|9,687|14,860|17,649|| |Investment||management||1,950||1,950|2,148|| |Charitable|activities|||469,223|81,443|550,666|431,324|| |||||476 967|100817|577 784|462,232|| |Allocation|of||support costs|Costs of||||| |||||Generating||||| |||||Voluntary||Charitable|Total|Total| |||||Income|Fundraising|Activities|2023|2022| ||||||f.|||f.| |General office||||5,301|5,301|42,408|53,010|51,835| |Travel||||30|30|237|297|860| |Independent||examination||||3,120|3,120|3,480| |Sundry||||107|107|859|1,073|1,216| |Premises||||4,249|4,249|33,988|42,486|31,524| |Event costs||||||||2,177| |Training||||||831|831|317| |||||9,687|9687|81,443|100,817|| ## |O|RTHE YEAR ENDED 31MARCH 2023|RTHE YEAR ENDED 31MARCH 2023||| |---|---|---|---|---| |8|Net Income/(Expenditure)||2023|2022| ||Net income/(expenditure)|is stated after||| ||charging:|||| ||Independent
examiner's|fee|3,120|3,480| ||Depreciation
-owned assets||7728|7915| |9|Staff costs||2023|2022| ||Gross salaries||311,823|263,396| ||Employer's
national
insurance||22,799|18,242| ||Pension contributions||20,068|13,641| ||||354,690|295,279| |The|charity considers its key management|charity considers its key management|personnel|tobe its|Trustees. No trustee received remuneration|Trustees. No trustee received remuneration|Trustees. No trustee received remuneration|from| |---|---|---|---|---|---|---|---|---| |Somerset Sight Limited during||the year.|No trustee was reimbursed|||expenses|during the year.|| |10|Fixed Assets|||Land and||Motor||| |||||Buildings|Vehicles||Total|| ||Cost|||||f.||| ||A
t1AP1120228 6|133M|02023|812274||24828|837102|| ||Depreciation|||||||| ||At 1 April 2022|||44,183||22,500|66,683|| ||Charge for the year|||7,140||588|7,728|| ||At 31March 2023|||31 323||23 088|74411|| ||Net Book Value|||||||| ||At 31March 2023|||760931||1 740|762691|| ||At I April 2022|||768,091||2,328|770,419|| ## |11|Fixed Assets - Investments|Fixed Assets - Investments|||| |---|---|---|---|---|---| |||||Value|| ||Market value at 1 April 2022|||231,962|| ||Purchases at cost|||5,256|| ||Disposals at book value|||(12,463)|| ||(Decrease) in market|value||(19,749)|| ||Increase in cash held|for investment||5,093|| ||Market value at 31March 2023|||210099|| ||Listed on Stock Exchange|||200,012|| ||Cash held for reinvestment|||10,087|| |||||210,099|| |12|Stocks|||2023|2022| ||Resource room|||15,219|20,140| ||Fundraising|||100|100| |||||15319|20240| |13|Debtors|||2023|2022| |||||f.|| ||Trade debtors|||17,661|5,402| ||Other debtors|||43,458|102,879| ||Prepayments|||5,931|8,289| |||||67050|116570| |14|Creditors: Amounts|falling due within|one year|2023|2022| ||Trade creditors|||9,571|6,685| ||Accruals|||11,202|11,108| |||||20,773|17,793| ## |15|Fund Account
-|2023|2023|||||| |---|---|---|---|---|---|---|---|---| |||||Opening|||Investment|C!osing| |||||Balances|Income|Expenditure|Movement|Balances| ||Unrestricted
Funds|||||||| ||General|||424,020|335,934|(401,041)|(19,877)|339,036| ||D~it t|||||||| ||Northfield
House|||||||| ||Improvement
Reserve|||337,156||(3,012)||334,144| ||Property
Maintenance|||||||| ||Reserve|||68,000||||68,000| ||MAS vehicle -Capital|||2 328||588||1 740| ||Total designated|||407,484|-|(3,600)||403,884| ||Total unrestricted|||831,504|335,934|(404,641)|(19,877)|742,920| ||~Rt
t|||||||| ||Northfield
House|Reserve||224,574||(2,016)||222,558| ||Bradbury
Centenary||Wing|206,362||(2,112)||204,250| ||HPC Community|Fund||12,500|30,000|(30,000)||12,500| ||Service User equipment|||1,000||||1,000| ||Technology
training||||1,000|(600)||400| ||Emotional
support||services|3,537||(3,537)||| ||National
Lottery|||||||| ||Community
Fund||||90,000|(90,000)||| ||Early intervention||||500|(500)||| ||Access to work technology||||2,079|(2,079)||| ||Contributions
to activities|||||||| ||&services||||13,184|(13,184)||| ||Seeing Life Differently|||||||| ||Courses|||4,115||(4,115)||| ||Devon &Cornwall|||||||| ||residents|||25,000||(25,000)||| ||Total restricted|||477,088|136,763|(173,143)||440,708| ||Total Funds|||1308592|472 697|577,784|1987|1,183628| ## |15|Fund Accounts -|2022|2022|||||| |---|---|---|---|---|---|---|---|---| |||||Opening|||Invesnnent|Closing| |||||Balances|Income|Expenditure|Movement|Balances| ||Unr
tri t
Funds|||||||| ||General|||409,935|371,525|(359,612)|2,172|424,020| ||~Digouttes|||||||| ||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| ||Bradbuiy
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 equipment|||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 &Comwall|||||||| ||residents||||25,000|||25,000| ||Total restricted|||468,149|107,773|(98,834)||477,088| ||Total Funds|||1,289,354|479 298|462,232|2,172|1,308,592| ## ## ## ## ## ## ## ## ## |Analysis|ofNet Assets bet|ween Funds|||| |---|---|---|---|---|---| ||||||2023| |||Unrestricted|Designated|Restricted|Total| |Fixed Assets|||||| |Tangible|assets||335,884|426,808|762,692| |Investments||210,099|||210,099| |Current|Assets||||| |Stocks||15,319|||15,319| |Debtors||67,050|||67,050| |Bank||67,341|68,000|13,900|149,241| |Current|Liabilities||||| |Creditors:|||||| |Amounts|due within one||||| |year||(20,773)|||(20,773)| |Total||339,036|403,884|440,708|1,183,628| ## ## ## ## ## ## ## |20
Comparative
figures|for Statement ofFinancial|for Statement ofFinancial|for Statement ofFinancial|Activities||| |---|---|---|---|---|---|---| |||||||Total| ||||Notes|Unrestricted|Restricted|2022| |INCOME||||||| |Donations
and Legacies||||164,703||164,703| |Other trading activities||||35,449||35,449| |Income from investments||||25,611||25,611| |Income from charitable
activities||||145,566|107,773|253,339| |Other income||||196||196| |TOTAL INCOME||||371 525|107773|479 298| |EXPENDITURE||||||| |Costs ofraising funds||||||| |Costs ofgenerating
voluntary||income||11,111||11,111| |Fund raising costs: Cost|ofgoods sold|||||| |and other costs||||17,649||17,649| |Investment
management|costs|||2,148||2,148| |Expenditure
on Charitable|Activities||7|332,490|98,834|431,324| |TOTAL EXPENDITURE||||363398|98 834|462 232| |GAINS ON INVESTMENT|ASSETS|||||| |Realised||||116||116| |Unrealised||||2,056||2,056| |NET INCOME AND NKT MOVKMKNT||||||| |OF FUNDS FOR THK YEAR||||10,299|8,939|19,238| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward||||821,205|468,149|1,289,354| |Total funds carried forward||||831,504|477,088|1,308,592| ##