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← Sight Cymru

2025-03-31-accounts

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SightSs Cymru CIO

01495 763650 POSTMAN@SIGHTCYMRU.ORG.UK

WWW.SIGHTCYMRU. ORG.UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

Sight Cymru’s trustees welcome the opportunity to outline the work of the charity over the last twelve months, plans for the future, and the financial report for the year ended 31%t March 2025. The Trustees present their report with the financial statements of the charity having adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in January 2015.

Menzies LLP, Statutory Auditors 5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY

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Sight Cymru

Contents of the Financial Statements for the Year Ended 31 March 2025

Page Page
Chairman’s statement 1
Report ofthe Trustees 2 to 10
Report ofthe Independent Auditors 11 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
NotestotheFinancialStatements 17 to 25

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Sight Cymru Chairman’s Statement for the Year Ended 31 March 2025

Introduction

This report outlines some of the incredible achievements of Sight Cymru for the year ending March 2025. Set up in 1865, Sight Cymru is celebrating its 160" year. Sight Cymru became a Charitable Incorporated Organisation in 2017. We take this opportunity to provide our thanks to all those who have made this year a success including staff, volunteers, trustees, partners, funders, commissioners, supporters and most importantly our service users.

RNIB report state that in Wales, there are approximately 112,000 people currently living with sight loss, with projections indicating this number will increase to 133,000 by 2032. Sight Cymru are providing one to one support service to around 7500 people with Sight loss in Wales. The support services include eye clinic liaison service, vision rehabilitation service, wellbeing services (peer support group, emotional support, counselling and advocacy support), assistive technology and much more. These services enable us to provide full and comprehensive support around the individuals on their sight loss journey, to ensure they are able to maintain their independence and wellbeing.

Sight Cymru through the Widening Vision project, funded by The National Lottery is focusing on preventing avoidable sight loss. As we know over 50% of sight loss is preventable Sight Cymru is engaging school pupils with eyecare and raising awareness amongst communities at high risk such as minority ethnic communities. Alongside the prevention work we are also working with communities to increase awareness of sight loss to build sight loss friendly communities and improve access. The Mayor of Abergavenny selected Sight Cymru as one of his charity for the year and worked closely with Sight Cymru on mission of making Abergavenny a Sight Loss Friendly Town.

Over 60 active volunteers have supported the delivery of the work Sight Cymru have been doing during the year. Our team of volunteers are key to Sight Cymru whether they are ringing people every week to check on them, supporting our clubs, doing administrative tasks or operating our charity shop much of the work of Sight Cymru, would not have been possible without the support of our wonderful volunteers. Sight Cymru was awarded with ‘Investment in Volunteers’ award this year by WCVA demonstrating our commitment to volunteers. Thank you to the fantastic team of volunteers we have, for all their contributions in terms of time, expertise and support.

Sight Cymru raised over £22,000 through fundraising and donation and over £485,000 in grant income to support the work of the charity during the year to support the charities cause. Every penny counts and we want to thank everyone who have funded us, donated to us or held or attended one of our fundraising event this year.

This report highlights some of the incredible work the charity has delivered over the year. It demonstrates an overview of the various services provided including those in eye clinics, rehabilitation service, community training and development, and advocacy and wellbeing. The report presents an overview of the administration details and structure of the organisation. Financial information is provided including risk management, the reserve policy, funding sources and the investment policy. Finally, our view for the future is presented. We are proud of the findings of this reports, and we are rightly proud of the substantial work we do to help people with sight loss in Wales.

Rhoda Williams Chair of Trustees

Bablin Molik Chief Executive Officer

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND AIMS

Who we are, and what we did, in the year ended March 2025

Sight Cymru is an independent organisation with its headquarters in Pontypool, South Wales. We also have a charity shop with resource centre located at Blackwood. We work towards preventing avoidable sight loss and helping people enjoy a good quality of life despite losing their sight. Our charity objectives are to:

Sight Cymru has over 7500 active service users. In terms of locality 2024/25 service users who received one to one service include:

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4,600
1,400
1,200
1,000
800
600
400
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Caerphilly (1574), Newport (1105), Monmouthshire (1086), Torfaen (835), Vale (705), Blaenau Gwent (512), Neath Port
Talbot (319) and Cardiff (229) are all areas where we remain the primary provider or hold partial service contract agreement.
However we have also connected with Swansea (25), Ceredigion (39), Rhondda Cynon Taff (16), Powys (28),
Carmarthenshire (11) Bridgend (7), Pembrokeshire (4), Gwynedd (7) Herefordshire (4) Merthyr Tydfil (4) and Denbighshire
(1) through our service provisions.
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RRM 65 10 94 (1048) PB 75 70411605) GBB 65 To 74 (u90)
TOTTI Unknown (593) QMS SS To 103 (519) (MEN 55 To 64 (507)
HBR 45 To 54 (261) SNA Othe: (4c0)
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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

Whilst some are unknow/ undeclared

Whilst some are unknow/ undeclared it is noted that over 73% were 65 years or more. The work of Sight Cymru often involves working with people of older age group.

Eye Clinic Liaison Officer ECLO

Last year almost 2,239 support actions were taken by ECLO team, over 311 new service users were recorded. The number of referrals received were over 766.

The ECLO team look at the patient as a whole, support is tailored for the individual, taking into account what matters to the patient and what is distressing most at the time of contact. This could include vision, but it could also be mobility issues, hospital transport problems or mental health, depression, isolation and loneliness.

Training is undertaking by the ECLO team for all doctors and nurses, to remind staff of the difficulties the patients experience in engaging with eye care services, this could be in relation to appointment system inaccessibility or manoeuvring in and around clinic space. The training also highlights the importance of Certification of Vision Impairment (CVI) for patients. The last session was attended by 30 health professionals, some of the comments received:

“| now havea better perspective regarding sight loss and patients with sight loss”

“The guiding training given was visible in the clinic with staff adopting and using the tools” a patients commented to an ECLO.

“No one has ever asked me how| feel about losing my sight, Thank You” Comment from a patient to an ECLO

Case Story:

Mr. G is a wheelchair user and diabetic, was first seen in the Age Related Macular Degeneration (AMD) clinic by and ECLO at Ysbyty Ystrad Fawr (YYF) eye clinic. During the conversation the ECLO noticed that Mr. G had sore and blistered open wounds on his fingers and thumb caused by the use of his wheelchair. Although he received visits from carers a few times a day, these wounds had not been addressed.

The ECLO recognised the need for medical attention and liaised with nursing staff to ensure Mr. G’s sores were properly dressed straight away. The ECLO contacted his GP with the patients consent. Arrangements were made for a district nurse to visit his home to continue to dress his de-gloved hand. Follow up calls were made by ECLO to ensure the dressing were being changed.

Our 62 years old patient was very humble and didn’t want cause any trouble for anyone thereby he refused support, saying he was fine. During the conversation, it transpired that Mr. G owned an iPad but struggled to use it independently. Whilst carers were assisting him with online grocery shopping, he lacked confidence in using the device independently for shopping and other purposes. The ECLO referred Mr. G to the Sight Cymru Assistive Technology Officer (ATO) and to domiciliary low vision service. Within 6 working days ATO conducted a home visit and the accessibility settings on his iPad were adjusted. Mr G was also registered with a free talking books service, and provided training and support to help him use his tablet with more confidence. This visit significantly improved his ability to engage with technology and enhanced his quality of life.

A week after the initial visit, Mr. G reached out to the Sight Cymru office, requesting additional support with viewing photos on his tablet. Given that he had always assured team members in the past that he was managing well, this request was a significant step in his willingness to seek help.

Since the first point of contact at YYF, bath the ATO and ECLO have maintained regular communication with Mr. G. They continue to monitor his progress, ensuring he remains comfortable with his IT use and that his hands receive appropriate care.

Vision Rehabilitation Service (VRS)

Sight Cymru is the largest provider of VRS in Wales, providing services in Cardiff, Monmouthshire, Neath Port Talbot, Torfaen and Vale. Within Sight Cymru we provide support for people who are SSI (blind) or SI (Partially Sighted).

The service involves a holistic assessment followed by delivery of an individualised programme based on their needs and aspirations post sight loss. Mobility Training through orientation and navigation skills or using technology to accommodate areas of an induciae’s travel both indoors and outdoors within the wider community. The ROVI services have proven to enhance individual’s confidence, independence and wellbeing.

Effective vision rehabilitation, including strategies like proper eyewear, home modifications, and orientation and mobility training, can significantly reduce the risk of falls and improve overall safety.

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

Over 3235 contacts were made regarding vision rehabilitation service during the year. Sight Cymru are commissioned by local authorities to provide Vision Rehabilitation service in the following areas: Cardiff: 128 accessed the service and 11 were new service users Monmouthshire: 704 accessed the service and 108 were new service users Neath Port Talbot: 315 accessed the service and 80 were new service user Torfaen: 150 accessed the service and 30 were new services users Vale: 563 accessed the service and 101 were new service users

In recognition of retiring workforce challenge in Wales for Vision rehabilitation service the board of trustees made a commitment to invest in training Vision Rehabilitation officers and 2 Trainees were recruited and are currently undertaking 2 years Vision Rehabilitation Specialist (FdSc) course.

Case Story:

“In November of 2024| visited the eye clinic of the University of Wales Heath Hospital where | was told | had wet macular degeneration and it was too advanced for injections. | was then certified as severely sight impaired (SSI). The ECLO, referred me to the Vale of Glamorgan Adult Social Services in January 2025. | was contacted by Julie, Rehabilitation Officer and three months later | began my training. At my first visit | was shown how to use a symbol cane, how to hold someone's arm who is assisting you, how to safely enter buildings from outside where lighting differs. "Bumps’” little raised dots, were placed on my washing machine, microwave, slow cooker etc and my front and patio door locks where | was having difficulty locating the keyhole. We went through the process of finding a chair, such as in a hall or a cafe and testing gently to see if it was vacant. These things were repeated until | felt familiar with them and therefore not as nervous to face the outside as an SSI person. | explained to Julie that ! was having a visit from an Occupational Therapist to see what my needs would be due to my change in circumstances. | explained that as well as my deteriorating sight | suffer with osteoarthritis especially though not exclusively in my spine. Julie was very helpful in pointing out various things that could be done that would keep me living independently in my home for, hopefully, many years to come l.e. plug sockets lifted from floor level, better lighting in the bathroom, it was in the kitchen where most changes could be made to aid me most. Again how important lighting plays a part, as well as baskets that pull down in high cupboards, also a carousel basket in one ground level deep cupboard both helping both disabilities.

All this in one home visit | felt more confident already. We made an appointment to meet up again the following week.

Unfortunately, | suffered an accident where | fell over on an uneven pavement resulting in a badly bruised knee and face plus three stitches in the top of my nose.

| telephoned Julie to postpone our meeting and on hearing what had occurred Julie re-evaluated my needs and on our next appointment brought a long cane with a ball on the end and explained its uses and why I'd be safer learning to use that.

At first | found it frustrating, not in the house where using the cane was explained but out around the path where| live. | couldn't seem to coordinate my feet with the cane. Julie would just keep repeating “get back in step” and | thought | was never going to get it right. But eventually when out on the pavement it clicked and though | messed up sometimes, | was a lot better and gaining confidence. The library was a great source of obstacles which Julie presented. The front doors and how to locate them, the lift and stairs. Negotiating them seemed daunting but once explained then practiced gave reassurance. All the while you're learning one skill you can see where it can be used elsewhere |.e. locating the box above the front automatic doors is replicated on the lift doors, etc. Using stairs within a building is the same as outside, or in a home setting. | learned ways to cross the road safely at zebra, traffic lights or indeed where there is no pedestrian crossing.

| had joined a local club of Sight Cymru for the visually impaired held once monthly in the local library. Members have varying eye conditions, are of different ages and gender and have in common experiences to share. It was heartening to hear similar tales of trepidation but eventual confidence | did hear stories about using escalators and how proper training had helped allay fears. | realised that lesson had to be coming up soon and | don’t mind admitting | was at my most nervous at this. | would definitely recommend joining a similar club. Both for the camaraderie and help from speakers but also from each other.

My next lesson was Using public transport which was explained and practiced all the while confidence growing. The last task was indeed travelling into Cardiff, with Julie, to negotiate crowded areas, pavement furniture such as outside seating and A-frame signs plus bollards, etc. then onto my nemesis, escalators.

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

| found most people either didn’t seem to notice or were helpful, some indifferent and others trying to get past so they wouldn't be held up in some way though these were in a vast minority. It amazed me how different escalators are from one another. Not only in different buildings but in one department store! | had confessed to Julie | had never been keen on escalators even when my sight was good. | learned how to approach them, how to negotiate the start and first step and how to alight safely Several times! On each separate escalator both in an upward and downward direction. By the end of that day, | was more confident than | had ever been, even as a sighted person. We had a well-earned coffee at the end of that. Another lesson in itself because the cafe was busy, | had to negotiate the tables and chairs to find a seat and sit at an empty table. It gave me time to reflect to Julie that this lesson had brought together so much of the training done previously and how much my confidence had grown, culminating in that Cardiff visit. | don't doubt there will be further obstacles but| feel | can go forward and face them logically and continue to live a fulfilling and socially busy life.

Julie’s name often comes up in the Sight Cymru meetings for one reason or another, always in a positive way, and | can now see the reason why. | can’t wait to tell the group of my experience in town and how that spurred me on to board a train and visit my granddaughter in Bath, something | thought wouldn’t be possible when first diagnosed. I’m also bookinga trip to Portsmouth in August to visit family, remembering to book passenger assist, as prompted by Julie.”

Wellbeing Services

Our wellbeing services continue to be a vital support to our service users at Sight Cymru. We have continually grown and developed the teams over the past year and have many positive outcomes because of this. Our continued support from our volunteers to these services have beena crucial part of its success.

Wellbeing is especially important during a sight loss journey, as the experience of losing vision can significantly affect an individual's physical, emotional, and mental health. Sight loss often brings about a range of challenges that can impact a person’s independence, confidence, and quality of life. Ensuring access to wellbeing support throughout this journey is crucial.

Emotional Support

Our emotional support service over the past year has received 70 referrals, our emotional support officer Sarah is able to offer our service users empathy, understanding, and encouragement to those facing challenges or distress because of their sight loss. Our service users have found this service a valuable part of their sight loss journey. Below is a case story —

“Mrs S was referred to me for Emotional Support by a member of our ECLO team, due to low mood after a sudden deterioration in vision. Mrs S had a great network of support around her and attended groups regularly, but felt she needed someone from outside her network to talk to openly, about her thoughts and feelings. | gave Mrs S the safe space she needed in order to speak honestly about what was going on for her. Mrs S said that it felt incredibly freeing to be able to share her thoughts, fears and also share some of her past with someone who really cared. Mrs S expressed how incredibly grateful she was for the Emotional Support and how it had been invaluable to her during such an uncertain period in her life.

Advocacy & Supporting People

In July 2023 Sight Cymru successfully gained funding to be able to deliver an advocacy service throughout all our boroughs, this has service proven to be an essential resource for our service users. In the past 12 months we have received 103 referrals to this service, Stacey our advocacy officer has been overwhelmed by the appreciation for the service by our service users. Advocacy can provide those with a sight loss, equal opportunities, inclusion, improved access to services, increased independence, and reduced poverty.

Our supporting people team continue to deliver essential housing related and benefit support to those who live in Caerphilly. The supporting people assessors saw 170 people through 24/25 and gained £229,930.10 in new claims in the same year. The team continue to develop their skills to meet the ever increasing complex needs that can present themselves to the team.

Clubs

Sight Cymru currently offer 16 clubs, with a growing variety of options for our members. Last year we have introduced exciting new activity clubs, including a VI tennis club and bowling club in Newport and Barry. Additionally, we have started two new social clubs in Penarth and Tredegar, providing even more opportunities for people to connect, socialize, and engage with others who have sight loss. Our wellbeing and volunteer coordinator works hard to create new programmes, gain new members and volunteers for all the clubs. In 2024/2025 we had 168 referrals to our clubs, we are realistic to realise not all will attend our clubs but they may access other services through the contact with Sight Cymru. Our clubs can reduce isolation, increased wellbeing and enables people to meet new friends and share experiences.

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

Business Support Service

Charity Shop Performance

In the financial year ending March. 2025, the Sight Cymru charity shop generated £12,318 through donation-based sales. The shop benefits from a consistent and dedicated group of volunteers. Over the past year, we've observed significant personal growth in many volunteers — including improved confidence, greater ownership of responsibilities, and increased task efficiency. In July 2024, we launched a Vinted account, which has so far brought in over £600 through pre-fab clothing sales, offering an additional fundraising and awareness platform.

Sight Loss Awareness

This year, our outreach and educational efforts have reached a broad audience:

Digital Inclusion

Recognising the financial and accessibility challenges faced by our service users, we prioritised digital inclusion and access to assistive technology.

These figures reflect our commitment to bridging the digital gap for people with sight loss, with continued investment in awareness and tech support services.

Fundraising Activities

We hosted three engaging ‘fun’draising events this year including Dog Show summer fete in Blackwood, Zip Wire at Aberdare and Blindfold Bowling in Caerphilly. We were also supported by people from the eye clinic taking on the Tough Mudder challenge and Cardiff Half Marathon challenge to fundraise for Sight Cymru. We are extremely grateful for all those that supported by participating or sponsoring and we raised £2,613 through all their joint effort.

We would also like to thank our funders and donators and who have appreciated the work of Sight Cymru and continue to support to sustain and grow much needed support for people with sight loss in Wales.

Volunteers

At Sight Cymru our team of 60 volunteers are essential to the success and sustainability of our charity. They provide essential support to many of our services, there diverse skills and knowledge help us deliver such amazing work to which we are eternally grateful.

In September 2024 Sight Cymru were awarded the ‘Investing in Volunteers’ (IIV) award. The IIV award is a testament of Sight Cymru commitment to volunteer support and appreciation. Rebecca Harris Wellbeing Manager added ‘we are extremely proud of our award, the team have put in a huge effort on this to ensure we appreciate and show good practice to our volunteers, this is so important to us all. We are committed to recruiting, training and developing our volunteers to whatever journey they wish to take.”

We were also very excited to have one of our volunteers as a finalist in the TVA (Torfaen Voluntary Alliance) awards in October 2024 for adult volunteer of the year, John our volunteer was unfortunately not the winner but came a close 2 place, Sight Cymru acknowledge this was such an achievement and are immensely proud of John.

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance

The charity is governed by its constitution, adopted on 3% February 2017 and available on request to the registered office. Its membership elect up to 15 trustees, who normally hold office for a term of three years, but who may again stand for re-election for one further term. The organisation recognises a need for a diverse Board of Trustees and there is a balance between those with direct experience of sight loss and those with skills relevant to the development of the Charity.

Skills and expertise on the board include management, eye-care, health, education, law and governance. Skills-audits are undertaken, and where there are shortfalls in skills those are advertised in order to fill those areas.

We welcome people who would like to becomea trustee to visit and meet with staff, service users and other trustees.

Members of the board of Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 9 to the accounts.

Organisational structure

Sight Cymru is a Charitable Incorporated Organisation, registered on 34 February 2017. It has previously been an unincorporated charity, 214215, known as Sight Support and had been in existence under different names since 1865. The charity retains the protected names Gwent Association for the Blind, Sight Support and Sight Support Cymru.

The charity's Chief Executive is responsible for the day-to-day operation of the charity and manages the staff of the charity on behalf of the trustees.

Sight Cymru’s staff and volunteers are its greatest asset and we aim to support each employee and volunteer to reach their potential. This includes encouraging them to take up training opportunities and we are pleased to report that this year we have supported a member of staff to undertake rehabilitation training. This year the staff planning meetings have been focussed on strengthening the team and setting value based practise. Sight Cymru values have been defined as:

SUPPORTIVE: We at Sight Cymru do our best to support the organisation (Sight Cymru), support one and another and also our volunteers, partners, supporters and most importantly our service users. We expect our personal growth and wellness will be supported in return.

RESPECT: We value each other and all people affiliated with Sight Cymru including service users, volunteers, partners, supporters, funders, commissioners and board. We earn respect and appreciation through our loyalty, professionalism, reliability, accountability and trustworthiness.

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COMMUNICATIONS: We value and appreciate excellent communication internally and externally and understand
communications needs input from all sides to work. Our involvement and engagement is important in strengthening Sight
Cymru engagement and awareness in the community externally.
OPPORTUNITIES: We value equality, accessibility and opportunities for all and understand our role in creating,
administrating and improving opportunities for ourselves, the organisation, other staff, volunteers, service users and all
people affiliated with Sight Cymru.
As at 315' March 2025 the staff working with the charity were as follows:
CEO External: IT
Support
Book neers: Administrator
Business Support
Manager
oon See Wellbeing ROVI Service \
Manager Service Manager Mana Awareness Research &
} i j and officer Resource centre & innovationF
¥ } Emotional \ | Fundraising officer ae
ECLO ¢ echnology
officers x2 ' Support Supporting ROVI service officer X2
Club Co-Ordinator+ Officer —_—x2people officer 41 xX Cardiff Vale F/T F/T
1x NPT F/T
Torfaen P/T
1xMonmouth F/T
Trainee P/T x2 (Torfaen
& Monmouth)
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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

Risk Management

Our risk register is reviewed at Trustees Meeting at regular intervals and isana living document that sitsawith the executives of the organisation. Trustees are responsible for ensuring oversight and ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Our ethical policy is available on request in Welsh and English and sets out the ethos that underpins the work of the charity. Other policies that help guide our work are reviewed regularly and formally overseen by Trustees at their first meeting of each financial year.

Reserves policy

In an uncertain funding cycle, the charity prudently considers that the reserves should enable the organisation to trade for 9 months in the event that no further funding was available. This would enable the charity to meet its redundancy liability as well as any other financial commitments in the event that it were to cease trading.

Reserves held by the charity include the leased property, Bradbury House. Whilst the current net book value is £411,567 this sum will depreciate over the term of the lease. The charity also held additional reserves of £883,355 as at 31st March 2025.

Whilst Sight Cymru does benefit from significant reserves, a part of the reserve is planned to be utilised for future projects to diversify income for the charity.

Funding sources A mixed portfolio of income streams provides the funding necessary to help the charity operate. | Sources include contracts, grants, fundraising events, donations and earned income. We have recently recruited co-operate service manager to strengthen the organisations diversity and inclusion, communications and fundraising and research and innovation strands to diversify the charities income and reach.

Investment policy and objectives

In accordance with the constitution, funds owned by the charity which are not required for working capital are held in investments that would not have a detrimental! effect on sight. Typically, therefore, we do not hold investments in tobacco or alcohol companies.

Funds held

Details of the charity's funds are shown in note 19 of the financial statements.

Results

The charity's net movement in funds for the year amounted to a reduction £23,279 (2024 — an increase of £36,785).

Plans for the Future

Sight Cymru has strengthened its internal commitments and accountability and impact assessments. This forms strong foundation to start on expanding. In recognition of struggling and retiring ROVI work force in Wales, Sight Cymru has started and will continue to invest in training new ROVIs in Wales.

Sight Cymru working in collaboration with Cardiff, Swansea, South Wales and Bangor Universities and ABUHB has secured funding for Centre of Vision Service Research. This is a very exciting venture for us and we hope to be leading patient focussed research work of the centre, forging the way forward for eyecare in Wales and across the global.

We have been providing digital and assistive technology support for many years and with technology and Artificial Intelligence advancement we hope people with vision impairment can be strong beneficiaries of such technological advancement. We are forming stronger ties with companies involved to deliver and demonstrate technological advancement.

IN CONCLUSION

Sight Cymru is a leading organisation supporting people with sight loss in Wales and will continue to determine innovative ways to develop. It is to the credit of our staff, volunteers, the increased use of technology and firm restraint on spending that the organisation remains strong.

Sight Cymru will continue to look for new and innovative methods of providing services so that people with sight loss can regain independence, and we will maintain our efforts to prevent avoidable sight loss.

The Trustees are indebted to the many supporters, volunteers and other stakeholders who have helped with money, time, energy, and ideas. The charity is widely acknowledged as one that achieves far more than its limited resources would indicate, and without its dedicated volunteers, the charity could not help so many people who have little or no sight.

The trustees would also like to thank the staff and the Chief Executive Officer who continue to provide effective solutions to promote the organisation's work.

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1171471

Principal address Bradbury House Park Road Pontypool Torfaen NP4 6JH

Trustees

Ms Rhoda Williams (Chair)

Mr Jonathan Mudd (Vice Chair) Mr John Richard James Beavan Mr Philip Stephen Evans Mr Matthew Thomas Ms Susan Hughes Professor Rachel North Mr Aji Ramanujam Raghuram Ms Himalee Rupesinghe Ms Helen Tudball

Key Management Personnel Bablin Molik - CEO Lissa Gomer - ELCO Service Manager Rebecca Harris - Wellbeing Service Manager Julie Thomas - ROVI Service Manager Olibunmi Gani-Mustapha - Business Support Manager

Auditors

Menzies LLP, Statutory Auditors 5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY

Investment Advisers Rowan Dartington Limited Colston Tower

Colston Street Bristol BS1 6NL

Custodian of Investments Rowan Dartington Limited Colston Tower Colston Street Bristol BS1 6NL

Bankers

Santander Bootle Merseyside L20 3PQ

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Sight Cymru

Report of the Trustees for the Year Ended 31 March 2025

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to guidance published by the Charity Commission.

ON BEHALF OF THE BOARD:

/

Trustee

Date:[At.] c[2085.] -[ een]

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Report of the Independent Auditors to the Trustees of Sight Cymru

Opinion

We have audited the financial statements of Sight Cymru (the ‘charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of-financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 11

a

Report of the Independent Auditors to the Trustees of Sight Cymru

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our planning procedures identify the legal and regulatory frameworks applicable to the operations and financial statements of the company. These are reviewed internally with the audit team including relevant industry experience and expectations as well as externally with the client management. The key laws and regulations we considered in this context were the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland’, UK GAAP (FRS 102) and relevant tax legislation.

Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly. Our audit procedures include:

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularities likely involve collusion, forgery, intentional misrepresentation, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www[.frc.org.uk/auditorsresponsibilities.][This][description][forms][part][of][our][Report][of][the][Independent] Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Menzies LLP, Statutory Auditors

5th Floor Hodge House 114-116 St Mary Street Cardiff CF10 1DY

Date: A2- 11-2025...

Page 12

Sight Cymru

Statement of Financial Activities for the Year Ended 31 March 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|2025|2024| |funds|Restricted|Total|Total| |Notes|funds|funds|funds| |Income and endowments|from|£|£|pk|£| |Donations and legacies|2|19,913|-|19,913|12,865| |Charitable|activities|5| |Core|6,509|485,321|491,830|486,766| |Other trading|activities|3|14,159|-|14,159|17,331| |Investment income|4|32,146|-|32,146|32,373| |Other income|405|-|405|-| |Total|73,132|485,321|558,453|549,335| |Expenditure|on| |Raising funds|6|11,730|-|11,730|9,186| |Charitable|activities|7| |Core|85,673|490,530|576,203|524,059| |Total|97,403|490,530|587,933|533,245| |Net gains on investments|6,201|-|6,201|20,695| |NET INCOME/(EXPENDITURE)|(18,070)|(5,209)|(23,279)|36,785| |Reconciliation|of funds| |Total funds brought forward|901,425|416,776|1,318,201|1,281,416| |Total funds|carried forward|883,355|411,567|1,294,922|1,318,201|

----- End of picture text -----

The notes form part of these financial statements Page 13

Sight Cymru

Balance Sheet Balance Sheet
31 March 2025
2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Fixed assets
Tangible assets 12 8,987 411,567 420,554 427,488
Investments 13 689,804 - 689,804 687,942
698,791 411,567 1,110,358 1,115,430
Current assets
Stocks 14 6,290 - 6,290 6,918
Debtors 15 45,478 - 45,478 69,156
Cash at bank and in hand 160,464 - 160,464 167,935
212,232 - 212,232 244,009
Creditors
Amounts falling due within one year 16 (27,668) - (27,668) (41,238)
Net current assets 184,564 - 184,564 202,771
Total assets less current liabilities 883,355 411,567 1,294,922 1,318,201
NETASSETS 883,355 411,567 1,294,922 1,318,201
Funds 18
Unrestricted funds 883,355 901,425
Restricted funds 411,567 416,776
Totalfunds 1,294,922 1,318,201

The financial statements were approved by the Board of Trustees and authorised for issue on cievisstisstvsstssstistssssssesseeee, aNd Were Signed on its behalf by:

R Williams - Trustee

The notes form part of these financial statements

Page 14

;

Sight Cymru

Cash Flow Statement for the Year Ended 31 March 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (43,200) (4,249)
Netcash used in operating activities (43,200) (4,249)
Cash flows from investing activities
Purchase oftangiblefixed assets
Purchase offixed asset investments
Sale of tangible fixed assets		 (1,160)
(152,064)
405		 (6,215)
(164,158)
-
Sale offixed assetinvestments 156,402 167,041
Interest received 7,597 7,043
Dividends received 24,549 25,330
Netcash provided by investing activities 35,729 29,041
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents atthe		 (7,471) 24,792
beginning ofthe reporting period 167,935 143,143
Cash and cash equivalents atthe end of
thereportingperiod 160,464 167,935

The notes form part of these financial statements

Page 15

  1. Reconciliation of net (expenditure)/income to net cash flow from operating activities

Sight Cymru

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

2025 2024
£ £
Net (expenditure)/income forthe reporting period (as perthe
Statement of Financial Activities) (23,279) 36,785
Adjustments for:
Depreciation charges 8,095 7,652
Gain on investments (6,201) (20,695)
Profit on disposal of fixed assets (405) “
Interest received (7,597) (7,043)
Dividends received (24,549) (25,330)
Decrease/(increase) in stocks 628 (404)
Decrease in debtors 23,678 4,165
(Decrease)/increase in creditors (13,570) 621
Netcash used in operations (43,200) (4,249)
2. Analysis ofchanges in net funds
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 167,935 (7,471) 160,464
167,935 (7,471) 160,464
Total 167,935 (7,471) 160,464

The notes form part of these financial statements

Page 16

Sight Cymru

Notes to the Financial Statements for the Year Ended 31 March 2025

1. Accounting policies

Accounting policies : Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and it is not deferred.

Income from services is included in the period to which the service is provided.

Income from the sale of goods is recognised when the sales takes place.

Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Costs of raising funds comprise the costs in relation to generating income such as fundraising activities.

Expenditure on charitable activities includes all costs relating to the furtherance of the charity's objectives as stated int he trustees report and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practise.

Support costs include central functions and have been allocated to the activity cost categories on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in orderto write off each asset over its estimated useful life.

Leasehold land and buildings Fixtures and fittings Motor Vehicles

Over the life of the lease (99 years) 10% - 33% straight line 25% straight line

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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continued...

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. Accounting policies - continued

Tangible fixed assets Impairment of fixed assets

At each reporting date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Donated goods for sale in the charity shop are not valued.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Fixed asset investments
Fixed
asset investments		 are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date.Changes in fair value are recognised
in		 net
income/(expenditure) for the year. Transaction costs are expensed as incurred.
2. Donations and legacies
2025 2024
£ £
Donations and gifts 19,913 12,865
3; Other trading activities
2025 2024
£ £
Fundraising events 2,613 2,012
Shop income 11,546 15,319
14,159 17,331
4. Investment income
2025 2024
£ £
Income from listed investments 24,549 25,330
Deposit account interest 7,597 7,043
32,146 32,373

continued...

Page 18

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5. Income from charitable activities

2025 2024
Activity £ £
Countersales Core 3,373 2,083
Sundries Core 3,136 2,662
Services and grants Core 485,321 482,021
491,830 486,766
Grants received, included in the above, are as follows:
2025 2024
£ £
Core " 43
Aneurin Bevan University Health Board 65,550 65,400
Caerphilly County Borough Council 35,541 38,632
CardiffCouncil $1,275 50,488
Monmouthsire County Council 68,157 64,182
Neath Port Talbot County Council 52,751 49,769
Torfaen County Borough Council 53,497 56,044
Vale ofGlamorgan Council 66,124 64,136
The National Lottery Community Fund 79,226 79,252
Cardiff University - 1,075
People's Postcode Lottery 12,500 12,500
GallagherCommunity Fund - 500
VI Tennis 700 -
485,321 482,021
6. Raising funds °
Raising donations and legacies
2025 2024
£ £
Sundries 1,346 778
Operating charity shops 7,023 §,127
8,369 §,905
Investment management costs
2025 2024
£ £
Portfolio management 3,361 3,281
Aggregateamounts 11,730 9,186

----- Start of picture text -----
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continued...

_ ee —

ee

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

ie Charitable activities costs

Support
Direct costs (see
Costs note 8) Totals
£ £ £
Core 513,452 62,751 576,203
Support costs
Governance
Management Finance costs Totals
£ £ £ £
Core 48,590 166 13,995 62,751

9. Trustees' remuneration and benefits

There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

No trustees were reimbursed for expenses during the current or prior year.

Staff costs
2025 2024
£ £
Wages and salaries 483,722 423,671
483,722 423,671

Key management personnel The total emoluments and benefits received by the key management personnel during the year was £189,253 (2024: £165,825).

The average monthly number of employees during the year was as follows:

2025 2024
Average 2 20
No employees received emoluments in excess of £60,000.
11. Comparatives for the statement of financial activities
Unrestricted Restricted Total
funds funds funds
£ £ £
Income and endowments from
Donations and legacies 12,865 - 12,865
Charitable activities
Core 4,788 481,978 486,766
Other trading activities 17,331 - 17,331
Investment income 32,373 - 32,373
Total 67,357 481,978 549,335
Expenditure on
Raisingfunds 9,186 - 9,186

continued...

Page 20

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. Comparatives forthestatement offinancial activities - continued
Unrestricted Restricted Total
: funds funds funds
£ £ £
Charitable activities
Core 36,872 487,187 524,059
Total 46,058 487,187 533,245
Net gains on investments 20,695 - 20,695
NET INCOME/(EXPENDITURE) 41,994 (5,209) 36,785
Reconciliation offunds
Total funds broughtforward 859,431 421,985 1,281,416
Totalfunds carriedforward 901,425 416,776 1,318,201
12. Tangible fixed assets
Fixtures
Long and
leasehold fittings Totals
£ £ £
Cost
At 1 April 2024 457,243 27,024 484,267
Additions
Disposals		 -
-		 1,160
(4,077)		 1,160
(4,077)
At 31 March 2025 457,243 24,107 481,350
Depreciation
At 1 April 2024 39,985 16,794 56,779
Charge foryear 4,937 3,157 8,094
Eliminated on disposal - (4,077) (4,077)
At 31 March 2025 44,922 15,874 60,796
Net book value
At 31 March 2025 412,321 8,233 420,554
At 31 March 2024 417,258 10,230 427,488
13. Fixed asset investments
Cash and
Listed settlements
investments pending Totals
£ £ £
Market value
At 1 April 2024 666,970 20,972 687,942
Additions
Disposals
Revaluations		 152,064
(162,095)
9,539		 -
-
2,354		 152,064
(162,095)
11,893
At 31 March 2025 666,478 23,326 689,804
Net book value
At 31 March 2025 666,478 23,326 689,804
At31March2024 666,970 20,972 687,942

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re

_ a

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. Fixed asset investments - continued

There were no investment assets outside the UK.

Cost or valuation at 31 March 2025 is represented by:

Cash and
Listed settlements
investments pending Totals
£ £ £
Valuation in 2025 666,478 23,326 689,804
The book cost of the fixed asset investments was £631,750.
14. Stocks
2025 2024
£ £
Stocks 6,290 6,918
15. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 40,180 63,484
Other debtors 5,298 5,672
45,478 69,156
16. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 2,514 957
Taxation and social security 19,267 17,874
Other creditors 5,887 22,407
27,668 41,238
Deferred income
2025 2024
£ £
Brought forward 12,700 -
Provided for during the year - 12,700
Released in the year (12,700) -
Carried forward - 12,700
17. Leasing agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 7,564 6,813
Between one and five years 12,671 20,233
In more than five years 73 74
20,308 27,120

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continued...

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. Movement in funds

Movement in funds
Net Transfers
movement between At
At 1.4.24 in funds funds 31.3.25
£ 2 £ E
Unrestricted funds
General fund
Designated funds		 890,713
10,712		 (15,185)
(2,885)		 (1,160)
1,160		 874,368
8,987
901,425 (18,070) - 883,355
Restricted funds
Bradbury House 416,776 (5,209) - 411,567
TOTAL FUNDS 1,318,201 (23,279) - 1,294,922
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund
Designated funds		 73,131
1		 (94,517)
(2,886)		 6,201
-		 (15,185)
(2,885)
73,132 (97,403) 6,201 (18,070)
Restricted funds
Aneurin Bevan University Health Board 65,550 (65,550) - -
Caerphilly County Borough Council
35,541 (35,541) - -
CardiffCouncil 51,275 (51,275) - -
Monmouthsire County Council 68,157 (68,157) - -
Neath Port Talbot County Council
52,751 (52,751) - -
Torfaen County Borough Council 53,497 (53,497) - -
Vale ofGlamorgan Council 66,124 (66,124) - -
The National Lottery Community Fund 79,226 (79,226) - -
Bradbury House - (5,209) - (5,209)
People's Postcode Lottery 12,500 (12,500) - -
Vi TENNIS 700 (700) - -
485,321 (490,530) - (5,209)
TOTAL FUNDS 558,453 (587,933) 6,201 (23,279)
Comparatives formovement in funds 3
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£ = = £
Unrestricted funds
General fund 852,490 44,437 (6,214) 890,713
Designated funds 6,941 (2,443) 6,214 10,712
859,431 41,994 - 901,425
Restricted funds
Bradbury House 421,985 (5,209) - 416,776
TOTALFUNDS 1,281,416 36,785 - 1,318,201

Page 23 continued...

ee ee

oo ee

__

=

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. Movement in funds - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 67,357 (43,615) 20,695 44,437
Designated funds : (2,443) - (2,443)
67,357 (46,058) 20,695 41,994
Restricted funds
Aneurin Bevan University Health Board 65,400 (65,400) - -
Caerphilly County Borough Council
38,632 (38,632) - -
Cardiff Council 50,488 (50,488) - -
Monmouthsire County Council 64,182 (64,182) - -
Neath Port Talbot County Council
49,769 (49,769) - -
Torfaen County Borough Council 56,044 (56,044) - -
Vale ofGlamorgan Council 64,136 (64,136) - -
The National Lottery Community Fund 79,252 (79,252) - -
Cardiff University 1,075 (1,075) - -
Bradbury House - (5,209) - (5,209)
People's Postcode Lottery 12,500 (12,500) - -
GallagherCommunity Fund 500 (500) - -
481,978 (487,187) : (5,209)
TOTALFUNDS 549,335 (533,245) 20,695 36,785
DesignatedFunds

Fixed Asset Fund

this fund represents the net book value of the charity's unrestricted fixed assets.

Restricted Funds

Bradbury House

Aneurin Bevan University Health Board

Caerphilly County Borough Council Cardiff Council Monmouthshire County Council Neath Port Talbot County Council Torfaen County Borough Council

Vale of Glamorgan Council The National Lottery Community Fund WCVA

Cardiff University Groundwork UK

People's Postcode Lottery

Gallagher Community Fund

this relates to the net book value of the property held by the charity which was funded by the Bradbury Foundation. this funding was to support the Integrated Care Fund service and the eye Clinic.

this funding was to support the Supporting People service. this funding was to support the rehabilitation service. this funding was to support the rehabilitation service. this funding was to support the rehabilitation service. this funding was to support the rehabilitation and community services.

this funding was to support the rehabilitation service. this funding was to support the Sight Loss Awareness Project.

this funding was provided to support costs of our technology upgrade, staffing and equipment.

this funding was provided for the Assist Research Project. Tesco community fund to do pop up awareness on Sight Cymru.

building a fully inclusive society project.

WORDING PENDING

Page 24

continued...

Sight Cymru

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. Related party disclosures

Bablin Molik (CEO) is also a councillor of Cardiff Council. The charity received £51,275 (2024: £50,488) in funding from Cardiff Council. The CEO was not part of any decision making process regarding the funding. There were no other related party transactions to note.

Page 25