OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Page
Chairman's
statement
Trustees'
report		 2 - 11
Statement oftrustees' responsibilities 12
Independent
auditor's		 report 13-16
Statement
offinancial		 activities 17
Balance sheet 18
Notes to the financial statements 19-35

Charily name Charily name Sight Cymru
Charity number 1171471
Pdnci pal office Bradbury
House
Park Road
Pontypool
NP4 6JH
Trustees RWilliams (Chair)
D Phillips (Vice Chair)
P Davies
SPorter
RThompson
J Bevan
P Evans
MThomas
J Mudd
SHughes
Key management personnel Bablin Molik - CEO
Auditors Azets Audit Services
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankem Ssntander
Bootle
Merseyside
L203PQ
Investment advisors Rowan Dartington Limited
Temple Point
Redcliffe Way
Redcliffe
Bristol
BS16NL

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 6 6 8
~Inc f8~fr
Donations and legacies 3 12,732 12,732 9,970 9,970
Charitable
activities		 4 3,933 407,977 411,910 4,383 477,295 481,678
Other trading
activities		 5 1,977 1,977 2,872 2,872
Investments 6 23,295 23,295 23,553 23,553
Total income 41,937 407,977 449,914 40,778 477,295 518,073
EZyangllr~n:
Raising funds 7 5,477 5,477 4,224 4,224
Charitable
activities		 8 45,410 419,434 464,844 458,349 458,349
Total resources
expended 50,887 419,434 470,321 462,573 462,573
Net gains/(losses) on
investments 12 42,312 42,312 108,447 108,447
Gross transfers
between
funds		 13,683 (13,683)
Net movement in funds 33,362 (11,457) 21,905 162,908 1,039 163,947
Fund balances at 1
April 2021 832,215 438,651 1,270,866 669,307 437,612 1,106,919
Fund balances at 31
March 2022 865,577 427,194 1,292,771 832,215 438,651 1,270,866

2022 2021
Notes E
Fixed assets
Tangible assets 13 434,991 443,736
Investments 14 706,954 668,722
1,141,945 1,112,458
Current assets
Stocks 16 5,681 6,920
Debtors 17 96,069 68,102
Cash at bank and in hand 118,042 123,844
219,792 198,866
Creditom: amounts falling due within
one year 18 (68,966) (40,458)
Net current assets 150,826 158,408
Total assets less current liabilities 1,292,771 1,270,866
Income funds
Restricted funds 20 427,194 438,651
IigfaatfigtsUitnga
Designated
funds		 21 7,797 11,333
General
unrestricted		 funds 857,780 820,882
865,577 832,215
1,292,771 1,270,866

2022 2021
6 6
Counter sales 3,213 3,307
Sundries 720 1,076
Services 346,390 342,628
Grants 61,587 134,667
411,910 481,678
Analysis
by fund
Unrestricted
funds		 3,933 4,383
Restricted funds 407,977 477,295
411,910 481,678
Services and grants:
Aneurin
Bevan University		 Health Board 60,475 56,657
Caerphilly
County		 Borough Council 38,172 41,599
Cardiff Council 41,881 40,781
Monmouthshire
County		 Council 58,494 57,630
Neath Port Talbot County Council 45,886 44,200
Torfaen County Borough Council 56,969 46,261
Vale ofGlamorgan Council 55,500 55,500
Big Lottery Fund 24,750 39,275
Life Beyond Sight Loss 3,100
WCVA 75,332
Torfaen Voluntary Alliance 1,000
HMRC Coronavirus Job Retention Scheme 11,860
British Science Association 500
GAVO 4,350 3,600
Community
Foundation		 Wales 2,000
People's Postcode Lottery 19,500
407,977 477,295

Unrestricted Unrestricted
funds funds
2022 2021
6 E
Fundraising 1,977 2,872

Unrestricted Unrestricted
funds funds
2022 2021
6 F
Income from listed investments 23,064 23,292
Interest receivable 231 261
23,295 23,553

Raising fun ds
Unrestricted Restricted
funds funds
2022 2021
6 6
Fundraisin and
Fundraising 2,049 1,113
m n 3,428 3,111
5,477 4,224

2022 2021
6 8
Staffcosts 347,026 340,826
Depreciation
and impairment		 8,995 8,169
Services 5,170 12,898
Contract costs 35,673 31,472
Insurance 2,811 2,597
Light and heat 3,122 1,671
Printing
post and stationery		 6,080 8,028
Sundry 4,398 4,367
Repairs and maintenance 7,380 3,144
Travelling
and subsistence		 11,118 4,646
Staff training 525
Other staff costs 864 3,434
Equipment
hire		 1,205 1,253
433,842 423,030
Share ofsupport costs (see note 9) 26,112 19,696
Share ofgovernance costs (see note 9) 4,890 15,623
464,844 458,349
Analysis
by fund
Unrestricted
funds		 45,410
Restricted funds 419,434 458,349
464,844 458,349

Support c osts
Support Governance 2022 Support Governance 2021
costs costs costs costs
6 6 6 5
Staffcosts 16,599 16,599 12,504 12,504
Repairs 1,845 1,845 786 786
Insurance 703 703 649 649
Light and heat 781 781 418 418
Printing,
postage and
stationery		 1,520 1,520 2,007 2,007
Sundries 1,401 1,401 1,405 1,405
Travel costs 2,780 2,780 1,162 1,162
Bank charges 483 483 765 765
Audit fees 4,890 4,890 5,100 5,100
Legal and professional 10,523 10,523
26,112 4,890 31,002 19,696 15,623 35,319
Analysed between
Charitable activities 26,112 4,890 31,002 19,696 15,623 35,319

The average
monthly
number ofemployees
during t		 he year was:
2022 2021
Number Number
19 19
Employment
costs		 2022f 2021
6
Wages and salaries 336,922 325,886
Social security costs 19,147 19,553
Other pension costs 7,556 7,891
363,625 353,330

Tangible fix ed asset s
Leasehold Fixtures and Motor vehicles Total
land and fitangs
buildings
6
Cost
At 1 April 2021 457,243 18,647 28 475,918
Additions 250 250
At 31 March 2022 457,243 18,897 28 476,168
Depreciation and impairment
At 1 April 2021 23,826 8,328 28 32,182
Depreciation charged in the year 5,386 3,609 8,995
At 31 March 2022 29,212 11,937 28 41,177
Canying
amount
At 31 March 2022 428,031 6,960 434,991
At 31 March 2021 433,417 10,319 443,736

14 Fixed asset investments Fixed asset investments Fixed asset investments
Listed Cash in Total
investments portfolio
6
Cost or valuation
At 1 April 2021 646,257 22,465 668,722
Additions 292,937 292,937
Valuation changes 42,312 42,312
Cash movement (3,028) (3,028)
Disposals (293,989) (293,989)
At 31 March 2022 687,517 19,437 706,954
Canying amount
At 31 March 2022 687,517 19,437 706,954
At 31 March 2021 646,257 22,465 668,722
15 Financial instruments 2022 2021
6 E
Carrying amount offinancial assets
Instruments
measured		 at fair value through profit or loss 687,517 646,257
16 Stocks
2022 2021
8 6
Finished goods and goods for resale 5,681 6,920
17 Debtom
2022 2021
Amounts falling due within one year: 5 8
Trade debtors 91,591 61,679
Other debtors 4,478 6,423
96,069 68,102

2022 2021
Notes E E
Other taxation and social security 17,877 18,753
Deferred income 19 39,000
Trade creditors 4,491 10,817
Accruals and deferred income 7,598 10,888
68,966 40,458

2022 2021
E E
39,000
39,000
2022 2021
E E
Balance brought forward
Income received 439,365
Income released (400,365)
Balance carried forward 39,000
00
N0
CL		 cc
0 cv
00
0 I«
0-E
Ce
IOg		 ELI I I
I		 I
CL0
I
U00.
N		 IS
C		 Ng
E '0
EI
0
NNX0		 CIE O
Cl
N
IA		 SC N
c
7«ED
I
I
CO
ES
CO
«I «Cl «t
ED
O
CO w
CO IA
CO
EO «I ID		 Cb
CD
Ol
ID
IA		 Q O
O
IA
IA
IA
IA N		 O
IA
CO
«t		 CO
N
EO		 Q
CIQ
N		 QO
IA
Ol
c		 EO
Ol
0 C
C0'0
4l		 SIN
E 0
OO0
c—E		 Ck N
'«I' 4l
CS O O
I
I
COOICOCDOLO
CO «I
CO
Cn
IA
I
O
CO
c
CO
IA
CO
IA
EO
CO «I IA «I IA
IA N		 ' O
LA		 c Cl
CIQ
N		 QO
IA
CO		 I
CS
O
C
m
ol
'0L
m000		 IC I«
e0
0 cc
0,
e 'C
O.		 Eg CI
N
ECC0'0 0 OI C I
I
I
I
I		 CO
Cl		 I
0000C
m
IS
0'0
C0		 NDC
«
C		 ND
Cl 0
ODL
0
CL
CL X
Cl		 ELI All
0I
OQ
O
IA
Ol
EO
EO O
EOIAI
CIN
OSDN~OZ		 EO
N
CO		 O
O
IA
IA
IA
IA
I
N
Ol		 O
O		 OO
COL		 O
«t
IA
IA		 O
O
O		 O
CD
CO		 OO
IA
CL
IC0C
CII
C
50		 Ol 0
Eg
E 0c"
-E		 0I
OQ
OIAOON
LOOCOEOOCOOI
OO
COIAI
CINNIANCO
EOCII
«IEOLACbEOEOIA
IA
'Ct 0 IA «t «I IA
CO
I		 OOO
O
EO O
O
CO
LA
Ci
IUDZI-Z0V		 O
0
CR
C
N
CL
E000'0
C		 0
0 I«
g 0
c
lc 'C
CL
SL «I		 N
CO		 N
Cl
fhI-Z '0
b
IU 00 4l
E
IU
CO
VZ
Z
IUXI-0I-
th
IUI-0Z		 V
Q
Ul
LU
IE'.0
U.		 0DC
«D
~«
Cl
N		 0'0
0L
EO00
0
DC
4l
E
8
4l		 0
0
z
D
EE
Ch		 '2
m0
IS 'E
L
EC O
Zc
Ol
E 2
IS 0
ES
L
m 0
~mo
C
EE
Cc
c
m
«C 0
C '0
C
O
O
oo
Cn
o E
CA
0
CI
Co o
O.
C
m
O
IC
Z Io
00
00
= g
E 0
O C
0 0
—E
D
E4 0
O Z		 0
00
Lclp D
0 0
E EL
LS
0
m O) CO		 0
C
CS
CA0L0
0
0
«)C
'J e		 0
0		 4l
O
m
C(
C
)0
c
Io		 4I
0
IO
0
4l
4I
K
0I
0
m
0
O0
0
Z		 N4I
Og?
m c
'0.0
O
0
J
0 D 0
m 00
0 +CO
0
E—
0
0 E 0
0
Cl
IO O
CL

Transfers Balance at Resources Transfers Balance at
1 April 2021
8		 expended
8		 6 31March 2022
f
Fixed asset fund 11,333 11,333 (3,786) 250 7,797
11,333 11,333 (3,786) 250 7,797

2022 2021
8 8
Within one year 1 1
Between two and five years 4 4
In over five years 76 77
82