## # ## ## |||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
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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| ##