Somerset
Sight
Worklng wlth people
who lack sight, not vislon
SOMERSET SIGHT LIMITED
(A company limited by guarantee)
Unaudited
Annual Report and
Financial Statements
for the year ended
31 st March 2024
Registered Charity Number 1154472
Registered Company Number 08432686
The Queen's Award
for Voluntary Service

Somerset Sight Limited
Northfield House
51 Staplegrove Road
Taunton
TAI IDG
Telephone: 01823 333818
Website: www.somersetsight.org.uk
Our mission statement
66Somerset Sight Limited supports visually impaired
people in Somerset so that they may lead fuller and
more independent lives.
99

Somerset Sight Limited (Registered company.. 08432686)
Trustees, Annual Report for the Year Ended 31 March 2024
Legal and Administratlve Information
The Trustees arc pleased to present their Annual Report together with the financial statements of the charitable
company for the year ended 31 Mawh 2024. The financial statements comply with the Memorandum and
Articles of Association, and Accounting and Reporting by Charities." Statement of Recomm¢nded Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued October 2019 - (Charities SORP FRS 102) the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies
Act 2006.
Charity Detalls
Somerset Sight Limited is a company limited by guarantee (08432686) and a registered charity (1154472).
The registered office and address of the charity is Northfield House, 51 Staplcgrove Roud, Taunton, Somerset
TAI IDG.
Th¢ Patrons of the charity, together with the trustees who served during the year and those who have been
appointed since the balance sheet datc, were as follows:
Patrons:
Count Charles de Salis
Lady Elizabeth Gass DCVO
Mr Mohammed Saddiq, Lord Lieutenant of Somerset {appointed I l April 2024)
Mrs Anne Maw. fornier Lord Lieutenant of Somerset
Rt. Revd. Ruth Worsley, Bishop of Taunton
Dlreetor$ and Trustees:
Mrs Christob¢l (BL,Ila) Flood (Chairman) (retired l O August 2023)
Mr Paul Fellingham {Chairn]an from l O August 2023)
Rear Admiral Brian Pcrowne (Vice-chaiman) (retircd 8 June 2023)
Mrs Christine Briggs (Vice-chairnian from l O August 2023)
Mr Ian Pind¢r (Treasurer) (retired 31 May 2024)
Mr Zdenek Gregor
Mr Nicholas Ham
Dr Sarah Chen
Mr Jonathan (Johnnie) Halliday
Ms Sarah I'ufton
Ms Anna Blake
Mr John Wright (appointed 14 June 2023)
Mr Richard Barton (appoint¢d 19 October 2023)
Chief Executive Officer
Jackie Sopwith
Independent Examiner of the Accounts:
Michael Cook Bsc FCA, A C Mole LLP, Chartered Accountants, Stafford House, Blackbrook Park Avenue,
Taunton, Somerset TAI 2PX
Investment Managers and Stockbrokers:
Rowan Dartington & Co Ltd, Aintree House, Blackbrook Park Avenu¢, Taunton TAI 2PX
Principal Bankers:
Lloyds Bank, Taunton

Structure, Goveruance and Management
Since 1919 Somers¢t sI￿t Limited, and its predecessor organisation Somerset Association for the Blind, have
been helping the visually impaired people of Somerset to live as independently as possible,
The Objects of the Charitable Company
Somerset Sight Limited exists to providc benefits for the visually impaired residents of Somerset. In
accordanc¢ with our constitution we provide for their needs, promote and protect their health and promote
their education and training. Our Mission Statement Can be seen on the inside cover of this report.
Aims
Somerset Sight Limited aims to meet the needs of the visually impaired in Somerset and their carers to the
fullest extent possible within the constraints of the funding dnd resources available to us. The Trustees aim to
manage the charity's resources responsibly and in such a way that the greatest value is provided to our
beneficiaries.
Membershlp
Membership of the company is by application to the office and will involve a guarantee for a contribution of
£1 O in the event of a shortfall in assets on winding up.
Directors and Trustees
The directors of the charitable company ("the charity") are its Trustees for the purpose of chftrity law and
throughout this report are collectively referred to as the Trustees. The names of the Trustees who served
throughout the year and the principal officers of the charitable company are shown on page l.
The TNstees have a suitably wid¢ range of skills and experience which is reviewed periodically by internal
audit. They are either elected at the Annual General Meeting or co-opted. Two Trustees have visual
impairnients allowing them to provide particularly relevant experience to the Board,
The Board of Trustees recognises that as the range of services provid¢d by Somerset Sight Ltd increases it
will be neces8ary to recruit n¢w Trustees who have skills and experience not Cu￿entlY repr¢s¢nt¢d, The
Trustees acknowledge therefore that the work to identify new skllls and experience among potential new
Trustees is now more important than ever.
The Board of Trustees also recognises the need for all Trustees to b¢ properly trained and inducted. Visual
Awareness Training and other ￿levant courses are offered and induction programmes followed.
The Trustees meet regularly and at l¢ast six times per year to agree strategy and to oversee the manag¢m¢nt
of th¢ Charitable Company. The day to day running of th¢ charity is delegated to the Chief Executive Officer
and the other officers of the charity who report regularly to the Trustees.
Public Bellefit
Our scrviccs are dir¢cted towards the blind and partially sighted people in Somerset. For the general benefit
of the public, we aim to respond to thc ne¢ds of anyone with sight loss whether or not they are registered as
blind or partially sighted. Our Resource Centre, which is central to the charity's work, is available to the
general public whcther or not they are visually impaired. While we are a membership organisation it is not
necessary to be a member to benefit from the Charity's support, The Trustees have paid due regard to the
Charity Cornmission guidance on public benefit in deciding what activities the charity should undertake.

Aehlevements And Performance
Som¢rs¢t Sight continues to provide a range of infomlation, integrated services and life-time support for those
with visual impairn]ent. Services are all designed to encourage independence, reduce loneliness and isolation,
promote a hcalthy and active life and to improve w¢ll-b¢ing. W¢ would like to thank all our staff and team of
volunteers for their amazing support and dedication, without which we could only do a fraction of what is
currently achieved.
A welcome call for each new customer enables us to tease out the problems faced and put services into place
without dclay. This enables anxiety, depression and loss of confidence, so often associated with sight loss, to
be kept at bay.
The NHS funded Low Vision service continues to be much in demand and clinics ar¢ held in Minehead,
Bridgwater, Chard, Yeovil, Somerton, Frome, Buntham on Sea, Wells and Taunton. This gives choice and
enables paticnts to visit a convenient clinic close to their home. Patients cnjoy a seamless journey to Somerset
Sight which enables them to receive the wide range of support available locally and from Nationals at the
earliest upportunity. We work closely with many professionals and agencies to ensure that our service users
gain access to the wide range of support available.
The Mobile Advisory Service is out every weekday, visiting local towns throughout Somerset and beyond.
We have now clocked up more than l 00,000 miles. 1600 people visit each year for advice infonnation and
support. Customers are delighted that we bring our services close to their home. They are amazed by the
breadth and range of sp￿lalIst products available; these are also available in our Resource Centre at Northfield
House, Taunton.
Demand for technology support has risen significantly and we have been fortunate to recruit several excellent
volunteers to assist our staff to incrcase capacity. We offer technology support on the Mobile Advisory
Service, at socials and group events and also home visits. The width and brcadth of this service is essential
and it's a win when customers are seen to share hints and tips along the way.
Emotional support is much in demand. We are fortunate to be able to offer immediate support structured over
a 6 - 8 week period, or a less forn]al approach, to cater for differing needs. Participants show a self- evaluated
reduction in both depression and anxiety. Charles Bonnet support groups continue, the feedback showing that
hallucinations become less frequent, vivid and alarniing.
Our volunteer visiting service provides a regular, trained dedicated volunteer for amongst the most vulnerable
people in our society. Th¢ volunt¢¢r and service us¢r build a strong rapport and feedback shows how powcrful
the bond becomes. This service enables sight impaired people, often elderly with multiple needs, 40% of
whom live alone, to remain independent in their own home, to get out and about meeting others and learning
new things, and to enjoy a quality of life that they may not otherwise achieve. We continue to expand the
service and are always looking to recruit new volunteers,
Our library of talking books, run entirely by volunteers, is much used and enjoyed. Many people use B WFB
(British Wireless for th¢ Blind) radios which Can be supplied free of charge.
We have built 8 regular monthly social groups which are thriving hubs of energy. Each group meets monthly
for a couple of hours and has its own dynamic. Many are led by volunteers with visual impaimient. This is a
very power￿] model and groups frequently organise their own activities in addition to the monthly meet ups,
which helps to rcduce loneliness and isolation and gives a s¢nse of purpos¢ and achievement. Our aim is to
build additional socials as, when and where we can.
Many participants would not enjoy a holiday at all if they did not join the Somerset Sight annual holiday. It
is always an exciting few days wher¢ p¢opl¢ learn much about themselves and gain huge solace from sharing

tim¢ together and ¢xchanging hints and tips. New friendships and ambitions are fonned, which increases
support networks, connections and sense of achievement.
Dear all at Somerset Sight
Thank youfor all you do to help us to try and live afylfilled life with the challenges of impaired sight - you
are life saversl
Thankyou alsofor the wonderfvl newsy update ofyour very comprehensive service, so appreciated.
AP.
Funding Support
We would like to thank our many generous funders. Without the support of these organisations and all those
pcoplc involved with them, we would not be able to do a fraction of what we do, In particular, we are very
grateful to the Natioiial Lottery Fund Reaching Communities/Partnerships programme which awarded
Somerset Sight a five y¢ar grant starting from 2022123, More information on this is given in the Financial
Review section below,
Grants have also been received from:
Somcrsct County Council
Hinkley Point C Community Fund
The Masonic Charituble Foundation
National Schizophrenia Fellowship
The Leonard Laity Stoate Charity
The Holbeche Corfield Charitable Settlement
Home Instead Charities UK
The Lalonde Trust
Fromc Lions Club
Sherbome Classic Cars
G F Eyre Charitable Trust
The Manny Cussins Foundation
th
The 29 May 1961 Charity
In addition there are sevcral significant donors who wish to remain anonymous and we are equally ￿ateful to
them for their valuable contributions to our work.
Northfield House
Northfield Hous¢ is th¢ headquarters building for Somerset Sight. It has been adapted and decorated to
facilitate those with sight impaimient. It not only houses our resource o¢ntrc, but it also provides meeting
spaccs for training sessions, support groups and social activities. The garden is used for social events and
contains a productive raised vegetable and flower area. sU￿]us offic¢ space and car parking spaces are let
out to produce income for the Charity. Northficld House ties up a considerable amount of the charity's funds
but the Trustees believe that ownership of th¢ building provides the charity with a first class resource and
training centre at minimal cost.
Outlook for the Future
Somerset Sight will continue to work in partncrship with statutory and other bodies in order to provide the
best possible range of support, with no waiting list, for those in our county with visual impairtncnt. It is WGII
evidcnced that early interv¢ntion provides the best and most sustainable outcomes. Somerset Sight is
detennined to maintain capacity in order to provide timely assistance to all those with visual impaimient who
could ben¢fit from support.

Strategic Review
Somerset Sight is working towards a sustainable funding model. We will continue to develop new cost-
effective strands of fundraising on which to draw. We would like to thank everyone who has generously made
donations and support¢d our various fundraising initiativcs.
Th¢ Trustees hold an annual Away Day to r¢vi¢w and update strat¢gy. We consult with external experts as
appropriate. Somerset Sight will continue to provide a range of services for all ages and add capacity where
needed and as fLmding allows.
Flnanclal Revlew
The priority of Somerset Sight is to provide the highest quality assistance to people suffering from sight loss
in Somerset. In the financial year 2022123 the Charity introduced two new services: Low Vision Assessments
for the NHS and technology support and training, each of which have had a very positive impact on our work.
However, in 2022123 we incurred a significant deficit due to a shortfall of income, particularly Icgacies.
2023124 has thcr¢for¢ been a year of consolidation and we are pleased to report a surplus for the year which
goes some way towards covering th¢ previous year, s deficit and restores our reserves.
We are increasingly reliant upon legacies to fund our work and we are extremely grateful to the many
individuals who have so generously remembered us in their wills and enabled others to benefit from the work
of Somerset Sight even after they have passed away. The legacies received in the year to 31 March 2024
amounted to £187,371.
We are very fortunate to have been awarded a five-year grant from the National Lottery Fund - R¢aching
CommunitieslPartnerships programme. 2023124 was the second year of the grant when wc received £70,000
for which we are immensely grateful. The grant tapers over the five-year period of the award but tt will enable
the charity to transition to a more sustainable funding basis over that period.
Once again, we have been fortunate to receive financial 8UPPOrt from a number of local charities and
organisations, many of which arc listcd abovc. Without the support of these organisations, we would struggle
to fund some of our services.
The cost of living crisis and the gloomy economic outlook are impacting fundraisin8 for most UK charities
and Somerset Sight is no exception. The outlook for the longer terni therefor¢ remains challenging but we are
detern]ined to continue providing our existing services to the highest standard and to seize any future
opportunity which could benefit our service users. The charity, s free unrestricted reserves as at 31 March 2024
amounted to £455,318. Excluding the LVA contract (which is fundcd by the NHS), cost of salcs, self-funding
activitie.8 and depreciation, the total expenditure budgeted for 2024125 amounts to approximately £474,000.
Free res¢rves th¢refor¢ repr¢s¢nt just over I I months of our budgeted annual expenditur¢ which is in
accordance with our reserves policy (see below). The tNstees consider that we are currently in a good financial
position to meet the expected future Challenges.
Reserves Pollcy
A charity's reserves fund the working Capital required to meet its liabilities as they fall due and to fund gaps
between cash receipts and payments. In addition, reserves are held to cover periods of fluctuating income, to
meet unforeseen costs and to finance new initiatives.
Somerset Sight Ltd is fortunate to own the freehold of its headquarters building, Northfield House. Ownership
of the property provides the charity with stability, rooms to display resources and space for our support work
and for social events which are run for thc benefit of service users. However, the property ties up a large part
of the charity's reserves which are not therefore available for other putyoses.
Our policy is to hold free unrestricted reserves equivalent to a minimum of nine months revenue expenditure.

Investment Policy
The Trustees adopt a medium risk investment policy, maximising income while maintaining the value of the
investment portfolio for the longer tcrn]. This policy is revicwcd from time to time with the advice of our
investment managers. Funds not required to cover immediatc cxpenditur¢ are invested in accordance with
this policy under discretionary management arrangements.
Rlsk Management
The Trustees have examined the major business and operations risks faced by Somerset Sight Limited and
confirm that these risks are regularly reviewed and action is taken where necessary.
Grants Policy
Somerset Sight Limited is willing to consider applications for grants to assist blind and partially sighted service
users within th¢ county, cithcr individually or within a club, with the purchase of equipment and to assist with
other essential expenses. Applications are made on behalf of service users by Social Workers and are
considered by thc Trustees.
Thanks
Somerset Sight is fortunate to have many loyal, energeti¢ and experienced supporters and volunteers
throughout the county, Whether they are sight impaired, carers, staff, volunteers, fundraisers, donors or
professionals, they all contribute to the work of this local charity of which we are most proud. We continue
to develop our services and the participation and dedication of our supportcrs and volunteers is so very much
needed and appr¢ciat¢d. We would like to take this opportunity to offer our sincere thanks to all those who
have been actively involved with us.
We would also like to thank those who have contributed so generously to our marathon fundraising teams, led
by Trustee Zdeiiek Gregor, and also to those who have raised money for us throu8h various other events.
Statement of Trustees, Responsibilities
The Trustees (who are also directors of Somerset Sight Limited for the pU￿oseS of company law) are
responsible for preparing the Trustees, Annual Report, incoryorating thc Dircctors, Report, and the tinancial
statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102: The Financial Reporting Standard applicable in the United Kingdom and Republic
of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare Financial Statements for each financial year which give a true
and fair vi¢w of the state of affairs of the Charitable Company and of the income and expenditure of the
Charitable Company for that period. In preparing those Financial Statements the Trustees are r¢quir¢d to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and accounting estimates that are reasonable and prudent.
State whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the Financial Statements. and
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that
the Charitabl¢ Company will continue in business,
The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy
at any time the financial position of th¢ Charitabl¢ Company, and ¢nabl¢ 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 detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating
to small companies.
Approved by the Trustees on l O October 2024 and signed on their bchalf by
Paul Fellingham
Chair
Christine Briggs
Trustee

Independent examiner's report to the trustees of Somerset Sight Limited (the Company)
I r¢port to the charity trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responslbilltles and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the rquir￿nCnts of the Companies Act
2006 ('the 2006 Act,).
Having satisfied mysclf that th¢ accounts of the Company are not required to be audit￿ under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In Carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the
2011 Act,
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I ¢onfim] that I am qualified to und¢rtak¢ the ¢xamination b¢cause l am a m¢mb¢r
of the Institute of Chartcrcd Accountants in England and Walcs, which is onc of thc listcd bodics,
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006
Act; or
2. the accounts do not accord with those records. or
3. the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view, which is not a matter considered as part
of an independent examination. or
4. th¢ accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities [applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,
Michael Cook Bsc FCA
A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
TAI 2PX
Date I*october 2024

SOMERSET SIGHT LIMITED (Registered company: 08432686)
STATEMENT OF FINANCIAL ACTIVITIES
FOR TIIE YEAR ENDED 31 MARCH 2024
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
Total
2024
Total
2023
Notes Unrcstricted R¢stricted
INCOME
Donations and Legacies
Other trading activities
Income from investments
InLome from charitable activities
Other income
255,096
18,650
30,259
189,078
8,503
255,096 101,883
18,650
26,963
30,259
27,177
167,814 356,892 307,808
8,503
8,866
TOTAL INCOME
501586
167 814 669 400 472 697
EXPENDITURE
Costs of raising funds
Costs of gcncrating voluntary income
Fund raising Costs; Cost of goods sold
and other costs
Investment management costs
13,722
13,722
10.308
22,375
1,704
22,375
1,704
14,860
1,950
Expenditure on Charitable Activities
347,294
180,427 527,721
550,666
TOTAL EXPENDITURE
385 095
180 427 565 522 577 784
(LOSSES) ON INVESTMENT ASSETS
Realised
Unrealised
(523)
(3,130)
(523)
(128)
(3,130) (19,749)
NET INCOMEI(EXPENDITURK) AND NET
MOVEMENT OF FUNDS FOR THE YEAR
i12,838 (12,613)
100,225 (l24,964)
RECONCILIATION OF FUNDS
Total funds brought fonvard
742,920 440,708 1,183,628 1,308,592
Total funds carried foriyard
855,758 428,095 1,283,853 1,183,628
The notes on pages 12 onwards forn] part of the financial statements. Accounting policies ar¢ s¢t out in note

SOMERSET SIGHT LIMITED (Registered company: 08432686)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Tangible Assets
Investments
10
755,119
204,705
762,691
210,099
CURRENT ASSETS
Stocks
Debtors
Bank. including mon¢y held on deposit
12
13
24.737
27,072
306,128
15,319
67,050
149,242
357,937
231,611
CURREIYT LIABILITIES
Creditors: Amounts falling duc within one
yertgr
14
NET CURRENT ASSETS
324,029
210,838
NET ASSETS
1283 853
1 183 628
FUNDS
Unrestrlcted funds
Accumulated funds
Designated funds
455,3 18
400,440
339,036
403,884
855,758
742,920
Restrlcted funds
428,095
440,708
TOTAL FUNDS
15
1283 853
1183 628
For the year ended 31 March 2024, the Company was entitled to exemption from audit under Section 477 of
the Companies Act 2006 relating to small companies,
The members have not required the Company to obtain an audit of its financial statements for the year in question
in accordance with Section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with r¢sp¢ct to
accounting records and the preparation of financial statements.
These financial staternents have been prepared in accordance with the provisions of Part 15 of th¢ Companies Act
2006 relating to small companies.
The notes on pages 12 to 25 forn] part of the financial statements.
Approved by the Trustees on l O October 2024 and signed on their behalf by:
Paul Fellingham
Ch
ir
Cknistine Briggs
Trustee
/f41
10

SOMERSET SIGHT LIMITED (Registered company: 08432686)
STATEMENT OF CASHFLOWS
AS AT 31 MARCH 2024
2024
2023
et movement in funds for the reporting period (as per the
stAtement of flnanclAI a¢tlvitie$)
100,225 (124,964)
Investment income
Depreciation charges
(Increase)/Decrease in stocks
Decrease in debtors
Increase in creditors
D¢creas¢ in markct value of investments
(30,259) (27,177)
7,572
7,728
{9,4l8)
4,921
39,978
49,520
13,135
2,980
3,130
19,749
Net cash provided byl(used in) operatlng actlvltles
124,363 (67,243)
Cash flows from Lnvestlng actlvltie$:
Investment income
Proceeds from sale of investments
Purchase of investments
30,259
27,177
11,701
12,463
(15,969) (5,256)
Net cash provlded by Investlng actlvities
25,991
34,384
Chonge in cash cash equlvalents In tbe reporting period
150 354
Cash and cash equlvalents at the beginning of the reporting
perlod
159,329
192,188
Cash and cash equlvalents at the ¢lld of the reporting period
309 683
159 329
Analysis of cash and cash equlvalents
Cash account held in Investments balance sheet amount
3,555
10,087
Bank, including money held on deposit per balance sheet
306 I28
149 242
309,683
l59,329

SOMERSET SIGHT LIMITED (Registered Company.. 08432686)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting Policies
The principal accounting policies adoptcd in the preparation of th¢ financial stat¢m¢nts are as follows:
a) Basis of Preparation
These Financial Statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing th¢ir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (issued October 2019) - (Charities SORP (FRS 102)) the Financial Reporting Standard applicable
in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial
statements have been prepared under tlie historical cost convention with the exception of listed
investments which are included at their market value.
The charity constitutes a public benefit cntity as defined by FRS 102.
b) Preparatlon of the Accounts on a Golng Concern basls
The Trustees consider that th¢re are no material uncertainties about the Charity's ability to continue as
a going concern.
c) Income Reeognltlon
Income is included in the Statement of Financial Activities when the charity is legally entitled to the
income and the amount can be quantified with reasonable a￿Ur￿LY.
Donations are recognised in the Statement of Financial Activities in the period in which they ar¢
received.
Legacies are re¢ognised at the earlier of the date that:
either the Charity is aware that probate has been granted, the estate has been finalised and notification
has been made by the executor(s) to the Trust that a distribution will b¢ made;
or when a distribution is received from the estate.
Income from grants, contracts and government grants is recognised when the Charity has entitlement to
the fund.8, any perforniance conditions attached to the grants have been met, it is probable that the income
will be received and the amount can b¢ m¢asured r¢liably and is not deferred.
Investment income is recognised in the period in which it is receivable.
Gains and losses on investm¢nts are recO￿lS¢d. as unrealiscd gains when revalued at each year end or
as realis¢d gains if sold during the year.
12

SOMERSET SIGHT LIMITED
NOI'ES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
i Aceountlng Polficles (contlnued)
d) Expenditure Recognition
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. The charity is not registcred for VAT and irr¢cov¢rable VAT is charged as part of the expense
to which it relates.
Expenditure is included in the Statement of Financial Activities on an accruals basis. Costs attributable
directly to a particular project ar¢ charged against the relevant fund, All costs not sp￿ifiCallY
attributable to a particular project are charged on a percentage basis to the various activities of the
charity.
e) Flxed Assets - Tanglble A$set$
The freehold land and building are included at cost, together with the costs of purchase and of initial
repairs, renovations and ongoing alterations. Ongoing repairs are not capitalised,
Freehold land is not depreciated. The freehold building is depreciated at l % straight line per annum,
being based upon an estimate of its expected useful life.
The motor vehicle is depreciated at 250/0 per annum on a reducing balance basis.
The cost of office equipment is not capitalised and is treated as an expense in the year of purchase.
Flxed Assets - Investments
Fixed Asset Investments are included in the Balance Sheet at market value,
g) Stocks
Purchased stocks are valued at the lower of cost or net realisable value after making due allowance for
any obsolctc or slow-moving itcms.
h) Cash at Bank and in Hand
Bank balances include cash and short tern] deposits held in instant access bank accounts.
A) Pension costs
The charity makes contributions to defined contribution pension schemes on behalf of employees, which
involves payment of contributions into employees, personal pension schemes. The assets of these
schemes are held separately from the charity in independently administcrcd schemcs. The amount
included in the Statement of Financial Activities represents the contributions payable to the schemes in
respect of the accounting period.
13

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
J) Fund Accountlng
Funds held by the Charity are:
Unrestricted General Funds
these are funds which can be us¢d in accordance with the charitable
company's objects at the discretion of the Trustees.
Designated Funds - these are funds set aside by the Trustees out of unrestricted general funds for specific
future purposes or projects.
Restrict¢d Funds - th¢s¢ are funds that can only be used for particular restricted purposes within the
objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
k) Flnanclal Instrument$
The charity only has financial assets and liabilities that qualify as basic financial instruments. Basic
financial instrum¢nts ar¢ r¢co8nised at transaction price and subsequently measured at thetr settlement
value with the exception of investments as noted above.
l) Crltlcal Accounting Estimates and Judgements
The preparation of the financial statements in confom]ity with FRS 102 requires the trustees to make
judgements, estimates and assumptions that affect the application of policies and the amount8 recognised
in the financial statements. The resulting accounting estimatcs will, by definition, seldom equal related
actual results. The estimates, assumptions and management judgements that have a significant risk of
causing a material adjustment to thc carying amount of assets and liabilities within the next financial
year are outlined below.
Estimate of legacy income
A debtor of £0 (2023: £39,200) has been recognis¢d in r¢sp¢ct of legacies receivable by the charity. This
reflects the trustees, best estimate of the amount receivable at the balance sheet date. The estates are still
in the hands of the executors and thc final amounts to be paid to the charity are yet to be finalised,
therefore the amounts ultimately received could vary from the amount recognised at the balance sheet
date.
l4

SOMERSET SIGHT LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2 Donations and L¢gaci¢s
2024
2023
Donations
L¢gacies
In memory donations
Tax credits
56,092 54,533
187,371 39,701
6,007
1,983
5,626
5,666
255,096 101,883
All donations and legacies were unrestricted in both 2024 and 2023.
Other Trading Activities
2024
2023
Fund raising events
Room hire
Product sales
8,204 20,731
9,289
4,001
1,157
2,231
18,650 26,963
All income from Other Trading Activities was unrestricted in both 2024 and 2023.
Income from Investments
2024
2023
Dividends
Interest received
Rental income
10,021
9,638
3,608
1,187
16,630 16,352
30,259 27,177
All Income from Investments was unrestricted in both 2024 and 2023.
15

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
5 Income from charltable aetlvltles
2024
2023
Unrestricted
Somerset County Council funding
Grants from Charitable Trusts and Foundations
NHS - Low Vision Assessments
Volunteer visiting service
Resource Room Sales
85,000 85,000
13,500 13,050
56,851 36,030
10,590 10,901
23,137 26,064
Total unrestrlcted Income from charltable activities
Restricted
The National Lottery Community Fund - Reaching
CommunitieS￿artnerShipS
Grants from Charitable Trusts and Foundations
Tile Appeal Donation
Contributions towards activities & services
189,078 171,045
70,000 90,000
80,750 33,579
4,415
12,649 13,184
Total restrlcted income from charltable activities
167,814 136,763
Total Income from charltable aetivities
356 892 307 808
6 Other income
2024
2023
Expenses contributed from volunteers
8,503
8,866
All Other Income was unrestricted in 2024 and 2023.
16

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR TIIE YEAR ENDED 31 MARCH 2024
7 Kxpenditure
Activities
Undertaken
Directly
Support
Costs
Total
2024
Total
2023
Cost of raising funds
Costs of generating
voluntary income
Fundraising costs
Investm¢nt manag¢m¢nt
Charitable activitics
4,128
12,781
1,704
447,606
9,594
9,594
13,722
10,308
22,375
14,860
1,704
1,950
527,721 550,666
80,115
466 219
565 522 577 784
Allocatlon of support eosts
Costs of
Generating
Voluntary
Charitable
Income Fundraising Activities
Total
2024
Total
2023
General office
Travel
Independent examination
Sundry
Premises
Training
3,968
123
3,968
123
31,741
984
3,354
1,047
42,977
12
39,677
1,230
3,354
1,309
53,721
12
53,010
297
3,120
1,073
42,486
831
131
5,372
131
5,372
9,594
9,594
80,115
99,303 100,817
General office costs that are not directly attributable to a specific activity have been allocated on a
percentage basis between charitable activities (80%), fundraising costs (IO%), and Cost of generating
voluntary income ( l O % ).
17

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
8 Net Incomel(Expendlture)
2024
2023
Net income/(expenditure) is stated after
charging:
Independent examiner's fee
Depreciation - owned assets
3,354
3,120
9 Staff Costs
2024
2023
Gross salaries
Employees national insurance
Pension contributions
316,261 311,823
23,689 22,799
19,916 20,068
359 866 354 690
The average number of employees working for Somerset Sight Limited during the year was l2 (2023.13)
which includes both full-time and part-time employees. No employee received remuneration of over £60,000.
The number of employees whose emoluments fell within the following band was:
2024
2023
£60,000 - £70,000
The charity considers its key management personnel to be its Trustees. No trustee received remuneration from
Somcrset Sight Limited during thc ycar. No trustee was reimbursed expenses during the year.
10 Fixed Assets
Land and
Buildings
Motor
Vehicles
Total
Cost
As at l April 2023 and at 31 March 2024
812274
837 102
Depreciatlon
At l April 2023
Charge for the year
51,323
7,140
23,088
432
74,411
7,572
At 31 March 2024
23,520
Net Book Value
At 31 March 2024
753 811
1,308
755,119
At l April 2023
760,951
1,740
762,691
18

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11 Flxed Assets - Investments
Value
Mark¢t valu¢ at l April 2023
210,099
Purchases at cost
Disposals at book value
(Dccrcasc) in market value
(Dccrcase) in cash held for investment
15,969
(11,701)
(3,130)
(6,532)
Market value at 31 March 2024
Listed on Stock Exchange
Cash held for reinvestment
201,150
3,555
204,705
12 Stocks
2024
2023
Resource room, MAS, and LVA
Fundraising
24,637
100
15,219
100
13 Debtors
2024
2023
Trade debtors
Other d¢btors
Prepayments
19,681
2,860
4,530
17,661
43,458
5,931
14 Creditors: Amounts fAIILng due Ivithin one year
2024
2023
Trad¢ creditors
Othcr Creditors
Accruals
9,492
5,583
18,833
9,571
11,202
33,908
20,773
19

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15 Fund Accounts - 2024
Opening
Balances Income Exp¢nditur¢
Investment
Movement
Closing
Balances
Unrestricted Funds
General
339,036 501,586
(381,651)
(3,653)
455,318
Desl
Northfield House
Improvemeni Reserve
Property Maintenance
R¢s¢rv¢
MAS vehicle - Capital
Total deslgnated
334,144
(3,012)
331,132
68,000
68,000
432
(3,444)
403,884
400,440
TotAI unrestrlcted
742,920 501,586
{385,095)
(3,653)
855,758
Rcstricted
Northfield House R¢seftv¢
Bradbury Centenary Wing
HPC Community Fund
Service User equipment
Technology training
Emotional 8UPPOrt services
National Lottery
Community Fund
Early Int¢rv¢ntion
Volunteer visiting service
Contributions to activities
& services
From¢ Social Group
Children's Activities
Magazine
Tile Appeal
222,558
204,250
12,500 35,000
,000
400
(2,016)
(2,112)
(47,5(X))
220,542
202,138
1,000
(400)
(10,000)
10,000
70,000
25,000
3,250
(70,000)
{25,000)
(3,250)
12,649
1,000
2,500
4,000
4,415
(12,649)
(1,000)
{2,500)
{4,000)
4,415
Total restrlcted
440,708 167,814
(180,427)
428,095
Total Funds
1,183,628 669,400
(565,522
3,653) 1,283,853
20

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15 Fund Accounts - 2023
Opening
Balances Income Expenditure
Investment
Movcrnent
Closing
Balances
Unrestrlcted Funds
General
424,020 335,934
(401,041)
(19,877)
339,036
Desi
Northfield House
Improvement Reserve
Property Maintenance
Reserve
MAS vehicle - Capital
Total deslgnated
337,156
(3,012)
334,144
68,(X)O
68,000
588
(3,600)
407,484
403,884
Total unrestrlcted
831,504 335,934
(404,641)
(19,877)
742,920
Restrlcted
Northfield House Reserve
Bradbury Centenary Wing
HPC Community Fund
Service User equipment
Technology trainin8
Emotional support services
National Lottery
Community Fund
Early intervention
Access to work technology
Contributions to activiti¢s
& s¢rvic¢s
Seeing Lif¢ Differently
Courses
Devon & Cornwall
residents
224,574
206,362
12,500 30,000
1,000
(2,016)
(2,112)
(30,000)
222,558
204,250
12,500
1,000
400
1,000
(600)
(3,537)
3,537
90,(X)O
500
2,079
(90,000)
(500)
(2,079)
13,184
(13,184)
4,115
(4,115)
25,(K)O
(25,000)
Total restricted
477,088 136,763
(173,143)
440,708
Total Funds
1308 592 472,697
577 784
19,877
1183 628
21

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15 Fund Accounts (contlnued)
Restricted funds
Somerset Sight Limited has the following restricted funds:
The Northfield House reserve is money received and used for the purchase of Northfield House and
subsequent improv¢mcnts to the building.
Bradbury Centenary Wing - Funds were received to pay for the construction of a large multi-purpose
function and activity room at Northfield House.
The Hinklcy Point C Community Fund provid¢d funding for the provision of additional volunteer
visiting services and mobile advisory services within the area of Somerset affected by the Hinkley
Point C construction work, particularly postcodes TA5, 6 and 7.
Service User Equipment- Funds have been provided to pay bursaries to purchase equipment for sight-
impaired individuals.
Technology Training - Funds were received to pay for technology training for sight impaired
individuals.
Emotional Support Services - Funding has b¢¢n received to assist with the cost of emotional support
services.
The National Lottery Community Fund - Reaching CommunitieslPartnerships programme are
providing tapering funding to enabEe Somerset Sight to meet the increased demand for our services
while we transition to a more sustainable funding model,
Early Intervention- Grants have been received to fijnd early intervention work including the provision
of gadgets and aids, the Seeing Life Differently courses and emotional support.
Children's Activities - Funds have been received from grant making bodies and from Service Users
to pay for holiday activity sessions for sight-impaired children and young people.
An Access to Work grant pays for specialist equipment for a sight-impair¢d member of staff.
Funds are received towards the cost of beneficiaries attending activities and services.
Seeing Life Differently Courses - Funding was received from grants and service users to cover some
of the costs of Seeing Life Differently courses.
Devon & Cornwall - A grant has been received to extend the services of the Somerset Sight resourc¢
room and mobile advisory s¢rvic¢ to residents of Devon and Cornwall.
From¢ Social Group- A donation was rcccived to support th¢ work of th¢ Som¢rs¢t Sight Social Group
in Fmme.
Magazine- A donation was received to defray the cost of producing the Somerset Insight magazine.
Tile App¢al - An appeal has been launched to raise funds for the re￿tbishMent and upgrading of the
kitchen at Northfield House, particularly to improve facilities for the training of sight impaired people.
22

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 MARCH 2024
Deslgnated funds
Somerset Sight Limited has the following designated funds:.
Northfield House Im
rovement Reserve
This Res¢rv¢ r¢pr¢s¢nts funds invested in improvements to the property at Northfield House for the b¢n¢fit of
service users.
ert Maintenance Reserve
Funds have been set aside to pay for planned maintenance and improvements at Northfield House.
Mobil¢ Adviso
Service Vehicle Ca
ital Fund
A Mobile Advisory Service vehicle is used to reach servioe users throughout the County. The MAS capital
fund represents the reserves alEocated to funding that unit.
16 Allalysis of Net Assets between Funds
2024
Total
Unrestricted Designated Restricted
Flxed Assets
Tangible assets
Investments
Currcnt Asscts
Stocks
Debtors
Bank
Current Liabilities
Creditors:
Amounts due within one
year
332,440 422,679 755, 119
204,705
204,705
24,737
27,072
232,712
24,737
27,072
5,416 306,128
68,000
(33,908)
{33,908)
Total
455,318
400,440 428,095 1,283,853
23

SOMERSET SIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16 Analysls of Net Assets between Funds - Prior year
2023
Total
Unrestrictcd DesI￿ated Restricted
Flxed Assets
Tangible assets
Investments
Current Assets
Stocks
Debtors
Bank
Current LiRbllltles
Crcditors:
Amounts due within one year
335,884 426,808 762,692
210,099
210,099
15,319
67,050
67,341
15,319
67,050
149,241
68,000
13,900
(20,773)
(20,773)
Total
339,036
403,884 440,708 1,183,628
17 Contingent Asset - Comparatlve Figures
As at 31 March 2023 the Trustees had received notification that Somerset Sight will be one of the residual
beneficiaries under the tenns of the will of the late Margaret Elizabeth Ware who died on 26 September 2022.
Probate was ￿anted on 10 fiebruary 2023. At the balance sheet date administration of the estate was
insufficiently advanc¢d to calculatc the amount due to Somerset Sight with any degree of accuracy. In October
2023 the Charity was notified that its share of the residual sum was likely to be in the rc¥ion of £75,000.
18
Capltal Commitments
There were no capital commitments as at 31 March 2024 (2023: £Nil).
19
Related Party Transactions
Durin8 the year there were no relat￿ paty transactions (2023: None).
24

SOMERSET SIGHT LI￿￿ED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20 Comparative figures for Statement of Flnanclal Actlvltles
Total
2023
Notes Unrestricted Restricted
INCOME
Donations and Legacies
Other trading activities
Income from investments
Income from charitable activities
Other income
101,883
26,963
27,177
171,045
8,866
101,883
26,963
27,177
136,763 307,808
8,866
TOTAL INCOME
335 934
136 763 472 697
EXPENDITURE
Costs of raising fLmds
Costs of generating voluntary income
Fund raising costs: Cost of goods sold
and other costs
Investment management costs
10,308
10,308
14,860
1,950
14,860
1,950
Expenditure on Charitable Activities
377,523
173,143
550,666
TOTAL EXPENDITURE
404 641
173 143
577 784
LOSSES ON INVESTMENT ASSETS
Realised
Unrealised
(128)
(19,749)
(128)
(19,749)
NET EXPENDITURE AND NET MOVEMENT
OF FUNDS FOR THE YEAR
(88,584) (36,380) (124,964)
RECONCILIATION OF FUNDS
Total funds brought forward
831,504
477,088 1,308,592
Total funds carried forward
742,920 440,708 1,183,628
21
Share Capltal and Control
Somerset Sight Limited is a company limited by guarantee and does not have a share capital. The liability of
the guarantors, who are the members, is limited to £10 per guarantor. At 31 March 2024 the Charitable
Company had l O I members (2023 - 10 I members). The company is registered in England and Wales. The
company is not controlled by any one paty.
25