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2022-03-31-accounts

Charity no. 1178384

Sight Support West of England Report and Audited Financial Statements 31 March 2022

Sight Support West of England

Reference and administrative details

For the year ended 31 March 2022

Charity number 1178384
Registered office and St Lucy's Sight Centre
operational address Browfort
Bath Road
Devizes
Wiltshire
SN10 2AT
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Nick Grinham Chair
Heather Armstrong
Roger Bonner appointed 6 June 2022
Rachel Farr
Carl Hall
Kayvan Ghotbi-Ravandi appointed 6 June 2022
Simon Russell
Amar Shah
Lauren Williams
Simon Williams resigned 1 June 2022
Chief executive officer Mike Silvey
Bankers CAF Bank Ltd The Co-operative Bank - Business
Kings Hill PO Box 250
West Malling Skelmersdale
Kent WN8 6WT
ME19 4TA
Auditors Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

The trustees present their report and the financial statements for the year ended 31 March 2022 and also wish to express their sincere thanks to all staff and volunteers for their hard work over the past year.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

About Sight Support West of England

Every 6 minutes someone in the UK is told they are losing their sight, and over 2 million people in the UK are currently estimated to be living with sight loss.

Sight Support West of England was established in 2018 to provide services for people living with sight loss across Bristol, Bath and North-East Somerset, South Gloucestershire, and in Wiltshire and Swindon through our partner charity Wiltshire Sight.

There are almost 8,000 people registered as sight impaired or severely sight impaired across our region, including more than 250 children. Each year, around 600 more people are registered as sight impaired.

There are many more people in the area that are not yet diagnosed, undergoing treatment, don’t meet the criteria for registration but have low vision, or have chosen not to be registered. If these people are included, current estimates are that across the region, over 53,000 people are currently living with sight loss - one in every 30 people . With an aging population, and the increasing incidence of conditions like diabetes (with strong links to sight loss), it is forecast that the number of people affected will increase by 25% by 2030.

There are many practical and emotional challenges experienced by visually impaired people, such as safety in the kitchen, a loss of independence, financial or employment worries, loss of confidence, and losing social activities and friendships.

Our services at Sight Support West of England are driven by the outcomes that people with sight loss have said are most important to them. These are:

The West of England region is diverse covering remote rural areas, coastal towns, deprived inner city areas and everything in between. The needs of people living in our region are affected greatly by this challenging geography. Before Sight Support was founded, services in Bristol, Bath and South Gloucestershire were inconsistent and disjointed. There are currently no Local Eye Heath Networks across the South West. This means the gap between health and social care is wider than in other areas and good practice here is not routinely shared or developed systematically.

2

Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Our challenge is to ensure that all people living with sight loss in the region have access to high quality, joined-up services that deliver the identified outcomes (above) and enable people with sight loss to lead independent and fulfilling lives.

Our vision

A world in which people living with sight loss are able to lead independent and fulfilling lives.

Our mission

To support people living with, and at risk of, sight loss across the West of England, to improve quality of life and increase individual independence.

Our strategy

Our aim is to ensure that everyone newly diagnosed or living with sight loss in the West of England, including children and young people, have equal and timely access to the support and services they need.

We will work with people affected by sight loss to help them navigate the often complex provision of services, joining up health, social care and community services.

We will work with others to provide the best possible support. These partners include professionals in the health, social care and education sectors. They include other charities and, critically, they include people living with sight loss.

Our strategy is defined by the views and needs of people with sight loss, and our services will reflect this.

Our key strategic objectives are:

  1. To ensure everyone living with sight loss in our region know where they can find relevant support;

  2. To improve the sight loss pathway so that everyone has equal, timely access to the services and support they need;

  3. To provide a range of good quality, high impact services guided by the views and needs of people living with sight loss;

  4. To increase awareness of the importance of eye health and the prevention of sight loss; and

  5. To build a strong and sustainable organisation which adds real value, can demonstrate impact and has the confidence of the people and organisations we work with. An organisation resilient to external challenges, agile enough to exploit opportunities and able to adapt to the changing needs of our service users.

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Our outcomes

Those directly affected by sight loss (including children) will:

Families and carers of people affected by sight loss will have:

Local authorities, health service and other providers in the region will be supported to:

Achievements and performance

The past year has again been a difficult one, with the pandemic restrictions in place until summer 2021 and many vulnerable clients still feeling unable to venture out. Now restrictions have ended, we are seeing different challenges. There are a significant number of people who have delayed appointments at the eye hospital or with their optician during the pandemic. Research carried out by SpecSavers shows there were 4.3 million fewer eye tests delivered in 2020 compared to 2019 (a 23% decline). There were 316,000 fewer referrals to ophthalmology than the previous year – these are people who missed being diagnosed as a result of the pandemic. Sadly, an estimated 2,986 people nationally lost vision due to delayed identification and treatment of eye disease. The backlog of missed appointments at Eye Clinics over the last two years has meant deterioration in many peoples’ sight conditions and diagnoses.

At Sight Support West of England we are seeing the impact of this locally. More people than ever are being diagnosed, and then struggling to receive the support they need. There is more demand for our services than ever before.

4

Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

During the pandemic, we continued to provide face-to-face and virtual services, adapting our delivery methods to suit individuals, with a constant eye on the need to reduce transmission risk. Despite the restrictions, our new client numbers were back up to 419 over the year, a 29% increase on 20/21. Our team of Community Sight Loss Advisors held 3,313 one-to-one sessions with clients, blending support in our offices, community hubs, over the phone, and through video links.

As things have slowly returned to normal over the past year, we have had so many stories of how our support has kept people going. Its been a year of change, and we are proud of the achievements and impact the team have had:

“I have loved the socials, the podcasts, the virtual audio described gallery tours, and the other various initiatives you have helped me discover, all of which I have been able to enjoy online this year. They really have been a lifeline for me, with no car and being stuck in a fairly outlying suburb of Bath.”

“Thank you so much for all you have done to keep me going over the past seven or eight months. I have been really inspired by your work, I wonder how I would have got through without it all. It has been an inspiring journey.”

"Fantastic! - You're an excellent model of how a support service should work."

Over the year we have also focussed on building the capacity of our staff team, both through further recruitment and staff training. Despite the very competitive climate, we have made good progress and we now have a more experienced, skilled and motivated staff team than we did a couple of years ago.

In early 2021 we refined our Sight Loss Assessment process to make it more practical, and a more useful tool for working with clients. As part of this, we reduced our key outcome areas down to six:

Data collected through the year shows that 82% of the clients we have been working with in 21-22 have already recorded significant improvement during the year in at least one outcome area as a result of our support. Many of these have made significant progress in several or all of the areas in which they were seeking support.

In addition, since we introduced our evaluation measures to enable clients to provide feedback on our services, 97% of clients have rated our services good, with 90% rating it as excellent. 91% of clients have told us that they feel more able to cope with day-to-day life as a result of our support.

“The support has given me so much more confidence. It has opened my eyes to what I can do.”

“The biggest difference has been to my confidence. I will now do things around the house like washing up and making breakfast which I wouldn’t have tried before. I am able to go out to the shop and feel confident crossing the road.”

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Specific progress against the key objectives we set ourselves for 21-22 is summarised below:

▪ Transition of services back to office and community hub working as soon as safe to do so, with full Covid-safe procedures in place;

With some national Covid restrictions still in place until July 2021, and the need above all to protect our vulnerable clients, the transition back to face-to-face services was a measured process. Whilst we were keen to ensure those who felt able to go out had opportunities to meet face-to-face, it was important to continue to offer services over Zoom and telephone for those who were still exercising caution.

In May 2021 we hosted a sight loss exhibition in Chippenham, one of the first opportunities for people with sight loss to re-engage after the pandemic. The event was surprisingly popular, with many people saying they were so grateful for the opportunity to get face-to-face support and to try out daily living and technology aides in person.

Over the course of the year, we re-opened community hubs in 28 different locations across the West of England – our aim being to ensure that people were able to get information, advice and guidance in an accessible location without the need to travel long distances, which are so often prohibitive for people with sight loss. As the year progressed, we saw a steadily increasing number of people attending the hubs and seeking support.

In March 2022, we held our first ‘Eye Can’ exhibition at Bristol Rovers’ Memorial Stadium. The event was hugely successful, with exhibitors from a wide range of commercial, pubic and voluntary organisations coming together to showcase opportunities and technology for people with sight loss. The exhibition included a series of talks from leading professionals, and attracted almost 150 people over the course of the day.

▪ Develop new opportunities to increase social connections for people living with sight loss, including peer support, volunteering, social groups and befriending;

“Connecting to people who are going through the same as me has made all the difference. I feel happier about having sight loss. Sight Support has made me feel equal.” – Client, Bristol 2021.

With isolation being such a common symptom of sight loss, we have been working this year to develop our social connection offering. Although we are continuing to offer telephone befriending, several of these relationships have developed into face-to-face ones, and new face-to-face pairings are being offered. Six of our 28 hubs now have a social group attached to them, and we are also helping to connect clients to appropriate groups and activities run by other organisations. We will continue the focus on peer support and social connections over the coming year.

▪ Develop an accessible Knowledge Hub of resources for clients, including an increased focus on health advice and fitness;

Our new Knowledge Hub was launched in November at the same time as our new website. Resources include advice on managing in the kitchen, gardening, travelling, fraud awareness, audio described exercise classes, workouts and yoga, and technology. Importantly, as so many of our older clients are not active online, we have ensured that all resources are also available in large print and pre-recorded USB which can be sent out to clients.

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Our first charity shop opened in Salisbury in early November 2021. The shop also contains a resource centre and a consultation room for clients, so we are able to conduct one-to-one advice and training at a location which is easily accessible in the centre of the city. The design of the shop has accessibility at its core, particularly for people with sight loss – bright and airy, with wide pathways and spacing on the shop floor, high contrast colours for the till area and doorframes, and an accessible till system designed for use by visually-impaired volunteers. In addition to traditional charity retail items and new goods, the store sells many of the most commonly used daily living aids, simple technology and gadgets that are useful to our visually impaired clients, including magnifiers, task lighting, talking clocks and watches, and large print diaries, calendars and games.

We are very grateful to our supporters for the huge number of high-quality donations received to stock the shop, which have helped to make it one of most popular charity shops in the area.

At time of writing, we are currently negotiating on two new premises, and expect to have our second shop open in October 2022.

▪ Develop an Advisory Board of visually impaired people to inform strategy and planning of services and increase client engagement;

Unfortunately progress on this objective has been slower than we had hoped. However, we do now have a Client Advisory group recruited, and the first meeting is planned for July 2022. We will report more on this next year.

▪ Further build our team of volunteers and volunteer-led services across the region, with a particular focus on providing volunteering opportunities for people with sight loss.

Our volunteer team continues to be strong. Although many of the new volunteers we recruited in 20-21 as telephone befrienders had to finish as they returned to work after furlough, our number have remained high as we have recruited for many different roles. Over the course of the year we had 73 active volunteers, 29% of whom are living with sight loss. Over the year our volunteers contributed a total of 2,200 hours of their time. As always, we are incredibly grateful to all those who have given up their time and provided invaluable support over the year.

Plans for the future

Our operational Plan for 22/23 was signed off by the Board at their March meeting and contains key objectives, actions and indicators for the year. Our key development priorities for the year include:

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Financial review

Fundraised income for Sight Support was slightly above budget. Although again the pandemic meant our ability to fundraise in the community was severely limited, we have had good success with our appeals, and with grant funding from charitable trusts. Our first charity shop in Salisbury has exceeded its income targets and looks to be a very valuable addition to our fundraising activity. As ever, we are very grateful for all the support we have received from our valued donors and supporters.

Expenditure was slightly below budget mainly due to reduced travel around the region, and as a result Sight Support finished the year with a surplus of £48,927, once the transfer of the subsidiary is removed from the calculation. The surplus will be used to strengthen our reserves, in line with the Board’s aim to ensure the new charity has a sustainable platform from which to build.

Charitable funders and supporters

Sight Support West of England wishes to thank our two principal funders, the Thomas Pocklington Trust and Wiltshire Sight for their continued support over the last year.

We would also like to thank the following funders and supporters for their generous support during the year:

Associated Optical Newmedica Eye Health Clinics
Arnold Clarke Optelec
Assura Community Fund People's Postcode Lottery
Chipping Sodbury Town Council Persimmon Homes
The Co-op Local Community Fund Probus Club
The Fishponds Tap Quartet Community Foundation
Honourable Company of Gloucestershire Radstock Town Council
Irwin Mitchell Midsomer Norton Town Council
John James Bristol Foundation South Gloucestershire Council AWG
Masonic Charitable Foundation St. Monica Trust
National Lottery Community Fund Thornbury Town Council

Reserves policy

Sight Support West of England aims to maintain a level of free financial reserves that will enable the charity to meet future commitments and unforeseen expenses without a negative impact on our ability to deliver core services or develop the business in the manner planned.

As a relatively new organisation, receiving approximately 55% of our income from time-limited startup grants, Sight Support is particularly vulnerable to sudden drops in funding. Whilst we are working to reduce our reliance on current core start-up funding contracts, the Board acknowledges that fundraising takes time to build, and has therefore set a reserves policy that helps to mitigate our risk exposure.

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

In consideration of the above, the Board of Trustees has concluded that the charity should keep available as free reserves an amount that would cover the equivalent of three months operating cost, plus an additional amount to cover our potential fundraising deficit for the next year. In doing so, the Board aims to ensure that the charity is able to continue to provide our core services.

The agreed target level of free reserves has therefore been set at £170,000, which the Board believes would provide them with the safeguards needed to be able to guarantee continuity of services for a period of at least twelve months regardless of funding uncertainty.

The trustees have also set aside the amount of £28,000 as a Designated Fund to cover the TUPE redundancy liability for staff delivering the South Gloucestershire Rehabilitation Service.

The trustees have agreed that any reserves accrued above the target amount will be used for the following purposes:

As at 31st March 2022 our free reserves for the charity are £170,851, which is around the desired level set by the trustees as outlined above.

The Board also commit to holding sufficient restricted reserves to cover the cost of our contractual commitments, as agreed with each contracting agency.

Structure, governance and management

The charity was registered as a Charitable Incorporated Organisation with the Charities Commission in England & Wales and Companies House on 15 May 2018. The original name of the charity was Vision South West, and it is governed by its Constitution.

The charity passed a special resolution on 29 March 2019 changing its name to Vision West of England. A further resolution was passed on 25 September 2020 to change the name to Sight Support West of England.

As at 31 March 2022, Sight Support West of England’s Board of Trustees is made up of 8 people, with a range of backgrounds, skills and professions, and we aim to expand the Board further with the additional of at least two more visually impaired Board members.

The charity is staffed by a small team of dedicated staff, headed up by the Chief Executive and a small management team. Staff are based at either our Bristol, Devizes or Salisbury premises, or work remotely providing services across our geographic area of remit. Staff pay and benefits are reviewed annually by the Trustees at their September meeting.

On 1 April 2021, Sight Support West of England acquired a controlling interest in Wiltshire Blind Association (number: 1119462). Therefore, Sight Support West of England became the controlling party of Wiltshire Blind Association.

In the summer of 2021, the Board conducted a review of its effectiveness to identify areas for strengthening. We also work through the Charity Commission and NCVO finance and governance checklists on an annual basis to identify areas of concern and to ensure our policies, procedures and systems were fit for purpose and of a high standard.

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Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Risk management and delegation

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate systems and controls are in place in order to mitigate those risks and to provide reasonable assurance against fraud and error. During the year the trustees have considered the major risks and systems have been put in place to mitigate their impact. The risk analysis is discussed at every other Board meeting, and a full review takes place annually.

The charity has a Schedule of Delegation in place which defines which decisions are taken by the Board of Trustees and which are delegated to staff. The Schedule is reviewed annually and covers areas of strategy, risk management, legal obligations, organisational policies and procedures, variations to agreed budget and strategic use of reserves.

Public benefit

The Board of Trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the charity.

Fundraising practice

The trustees are aware of the Charity Commission’s fundraising requirements and the code of fundraising practice and ensure that the charity is compliant with the code in all fundraising activities.

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. 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 which 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 constitution. The trustees 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

10

Sight Support West of England

Report of the trustees

For the year ended 31 March 2022

Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Godfrey Wilson Limited were appointed as auditors to the group and parent charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 25 November 2022 and signed on their behalf by

Nick Grinham - Chair

11

Independent auditors' report

To the members of

Sight Support West of England

Opinion

We have audited the financial statements of Sight Support West of England (the 'parent charity') and its subsidiary (the 'group') for the year ended 31 March 2022 which comprise the consolidated statement of financial activities, consolidated and parent charity balance sheets, consolidated statement of cash flows and the related 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and the Republic of Ireland (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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group and parent charity financial statements and our auditor’s report thereon. Our opinion on the group and parent charity 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.

12

Independent auditors' report

To the members of

Sight Support West of England

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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they 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.

13

Independent auditors' report

To the members of

Sight Support West of England

Our responsibilities for the audit of the financial statements

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 an auditor’s report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

(3) We inspected the minutes of trustee meetings.

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

14

Independent auditors' report

To the members of

Sight Support West of England

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 auditor’s report.

Use of our report

This report is made solely to the charityʼs trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charityʼs trustees those matters we are required to state to them in an auditorʼs 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 charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Godfrey Wilson Limited

25 November 2022

GODFREY WILSON LIMITED

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

15

Sight Support West of England

Consolidated statement of financial activities

For the year ended 31 March 2022

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
-
358,918
Charitable activities
4
63,222
326,851
Other trading activities
5
-
48,641
Investments
-
6,927
Other income
22
-
557,420
Total income
63,222
1,298,757
Expenditure on:
Raising funds
-
112,501
Charitable activities
64,222
408,980
Total expenditure
7
64,222
521,481
Net gains / (losses) on investments
12
-
9,999
8
(1,000)
787,275
Reconciliation of funds:
Total funds brought forward
7,000
148,924
Total funds carried forward
6,000
936,199
Net income / (expenditure) and net
movement in funds		 The group
2022
2021
Total
Total
£
£
358,918
31,650
390,073
492,476
48,641
855
6,927
-
557,420
-
1,361,979
524,981
112,501
81,585
473,202
389,332
585,703
470,917
9,999
-
786,275
54,064
155,924
101,860
942,199
155,924
The group
and charity

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the accounts.

16

Sight Support West of England

Charity only statement of financial activities

For the year ended 31 March 2022

The charity The charity
2022 2021
Restricted Unrestricted Total Total
Note £ £ £ £
Income from:
Donations and legacies 3 - 48,183 48,183 31,650
Charitable activities 4 148,774 386,317 535,091 492,476
Other trading activities 5 - 40,258 40,258 855
Total income 148,774 474,758 623,532 524,981
Expenditure on:
Raising funds - 112,501 112,501 81,585
Charitable activities 149,774 312,330 462,104 389,332
Total expenditure 7 149,774 424,831 574,605 470,917
Net income / (expenditure) and net movement
in funds 8 (1,000) 49,927 48,927 54,064
Reconciliation of funds:
Total funds brought forward 7,000 148,924 155,924 101,860
Total funds carried forward 6,000 198,851 204,851 155,924

17

Sight Support West of England

Consolidated balance sheets

As at 31 March 2022

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year 17
Net current assets
Net assets
18
Funds
19
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 The group
2022
£
144,732
499,273
644,005
3,817
32,536
280,929
317,282
19,088
298,194
942,199
6,000
471,740
464,459
942,199		 The group The charity
2021
2022
£
£
1,472
993
-
-
1,472
993
2,318
3,817
116,237
105,615
58,095
110,514
176,650
219,946
22,198
16,088
154,452
203,858
155,924
204,851
7,000
6,000
28,000
28,000
120,924
170,851
155,924
204,851		 The charity
2021
£
1,472
-
1,472
2,318
116,237
58,095
176,650
22,198
154,452
155,924
7,000
28,000
120,924
155,924

Approved by the trustees on 25 November 2022 and signed on their behalf by

Nick Grinham - Chair

18

Sight Support West of England

Consolidated statement of cash flows

For the year ended 31 March 2022

Note
Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
(Gains) / losses on investments
Income from investments
Decrease / (increase) in stock
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Acquisition of subsidiary
22
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Net cash acquired on acquisition of subsidiary
Purchase of tangible fixed assets
Proceeds from the sale of investments
Purchase of investments
Movement in investment cash
Income from investments
Net cash provided by / (used in) investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 The group
2022
£
786,275
7,038
(9,999)
(6,927)
(1,499)
83,711
(118,947)
(557,420)
182,232
140,582
(614)
15,243
(107,201)
(14,335)
6,927
40,602
222,834
58,095
280,929		 The group
and charity
2021
£
54,064
1,076
-
-
(2,318)
(89,261)
8,657
-
(27,782)
-
-
-
-
-
-
-
(27,782)
85,877
58,095

19

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Sight Support West of England meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Group accounts

These financial statements consolidate the results of the charity and its wholly-owned (controlled) subsidiary on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two charities are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is presented in addition to that of the group by choice.

c) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The group holds unrestricted, general reserves of £464,459 (charity only: £170,851). For this reason the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' 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 is not deferred.

For legacies, entitlement is taken as the earlier of the date on which 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 be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material.

20

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued)

e) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

g) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particularly areas of the charity's work or for specific projects being undertaken by the charity.

h) Expenditure and irrecoverable VAT

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.

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

i) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of staff time as follows:

The group The charity
2022 2021 2022 2021
Raising funds 15.5% 14.2% 16.7% 14.2%
Charitable activities 84.5% 85.8% 83.3% 85.8%

21

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued) j) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Long leasehold 50 years straight line Computer equipment 3 years straight line Fixtures and fittings 15% reducing balance

Items of equipment are capitalised where the purchase price exceeds £500.

k) Investments

Investments held at the year end are valued at the current market value at that date. Investment income from dividends is included in incoming resources while realised and unrealised losses and gains on investments are shown separately on the statement of financial activities (SOFA). Realised gains and losses are calculated on investment disposals during the year as the difference between the opening market value and the proceeds received on sale. Unrealised gains and losses are calculated on investment holdings at the year end as the difference between the closing market value and the opening market value or purchase value during the year.

l) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors

Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

22

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued)

q) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

r) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

s) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1j above.

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds		 Restricted
£
£
-
31,650
166,066
326,410
-
855
166,066
358,915
-
81,585
166,066
223,266
166,066
304,851
-
54,064
Unrestricted		 The group
and charity
2021
Total
£
31,650
492,476
855
524,981
81,585
389,332
470,917
54,064

23

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

3. Income from donations and legacies The group

Income from donations and legacies
The group
Donations
Legacies
Gifts in kind
Coronavirus Job Retention Scheme
Total income from donations and
legacies		 Restricted
£
-
-
-
-
-		 £
26,049
316,147
9,450
7,272
358,918
Unrestricted		 The group
2022
Total
£
26,049
316,147
9,450
7,272
358,918		 The group
and charity
2021
Total
£
5,148
-
11,755
14,747
31,650

Gifts in kind comprise the provision of office space. All income from donations and legacies in the prior period was unrestricted.

The charity
Donations
Legacies
Gifts in kind
Coronavirus Job Retention Scheme
Total income from donations and legacies		 Restricted
£
£
-
11,461
-
20,000
-
9,450
-
7,272
-
48,183
Unrestricted		 2022
Total
£
11,461
20,000
9,450
7,272
48,183

Gifts in kind comprise the provision of office space. Prior period donations and legacies for the charity are disclosed in the group note above.

24

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

4. Income from charitable activities The group

The group
Grants
Statutory
Resource sales
Events and community
Total income from charitable activities
The charity
Grants
Statutory
Resource sales
Events and community
Total income from charitable activities
Prior period comparative:
Grants
Statutory
Resource sales
Events and community
Total income from charitable activities		 Restricted
£
£
63,222
205,889
-
109,900
-
8,398
-
2,664
63,222
326,851
Restricted
£
£
148,774
265,408
-
109,900
-
8,345
-
2,664
148,774
386,317
Restricted
£
£
166,066
212,704
-
109,700
-
3,674
-
332
166,066
326,410
Unrestricted
Unrestricted
Unrestricted		 The group
2022
Total
£
269,111
109,900
8,398
2,664
390,073
The charity
2022
Total
£
414,182
109,900
8,345
2,664
535,091
The group
and charity
2021
Total
£
378,770
109,700
3,674
332
492,476

25

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

5. Income from other trading activities The group

Income from other trading activities
The group
Shop sales
Events and community
Sponsorship and other trading
Corporate fundraising		 Restricted
£
-
-
-
-
-		 £
34,021
8,133
6,237
250
48,641
Unrestricted		 The group
2022
Total
£
34,021
8,133
6,237
250
48,641		 The group
and charity
2021
Total
£
-
-
855
-
855

All income from other trading activities in the prior year was unrestricted.

The charity

Shop sales
Sponsorship and other trading		 Restricted
£
£
-
34,021
-
6,237
-
40,258
Unrestricted		 2022
Total
£
34,021
6,237
40,258

6. Government grants

The group receives government grants, defined as funding from the Coronavirus Job Retention Scheme, National Lottery Community Fund, South Gloucestershire Council and various town councils to fund charitable activities. The total value of such grants in the year ending 31 March 2022 was £144,691 (2021: £126,348). There are no unfulfilled conditions or contingencies attaching to these grants.

26

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

7. Total expenditure The group

Total expenditure
The group
Staff costs (note 9)
Other staff costs
Direct project costs
Fundraising
Bank charges
Printing, postage and stationery
Insurance
Premises costs
Communications
Accountancy
Legal fees
Depreciation
IT and computer costs
Subscriptions
Miscellaneous costs
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
61,281
-
-
26,964
-
-
-
-
-
-
-
-
-
-
-
88,245
24,256
112,501		 Charitable
activities
£
306,287
-
27,250
-
-
7,335
-
-
-
-
-
-
-
-
-
340,872
132,330
473,202		 £
49,395
4,595
-
-
1,035
-
2,816
43,297
18,923
13,979
3,065
7,038
9,834
1,478
1,131
156,586
(156,586)
-
Support and
governance
costs		 2022 Total
£
416,963
4,595
27,250
26,964
1,035
7,335
2,816
43,297
18,923
13,979
3,065
7,038
9,834
1,478
1,131
585,703
-
585,703

Total governance costs were £6,000 (2021: £5,070).

27

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

7. Total expenditure (continued) The charity

Total expenditure (continued)
The charity
Staff costs (note 9)
Other staff costs
Direct project costs
Fundraising
Bank charges
Printing, postage and stationery
Insurance
Premises costs
Communications
Accountancy
Legal fees
Depreciation
IT and support costs
Subscriptions
Miscellaneous costs
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
61,281
-
-
26,964
-
-
-
-
-
-
-
-
-
-
-
88,245
24,256
112,501		 £
306,287
-
27,250
-
-
7,335
-
-
-
-
-
-
-
-
-
340,872
121,232
462,104
Charitable
activities		 £
49,395
4,595
-
-
846
-
2,529
42,766
18,299
10,709
2,765
1,093
9,932
1,428
1,131
145,488
(145,488)
-
Support and
governance
costs		 2022 Total
£
416,963
4,595
27,250
26,964
846
7,335
2,529
42,766
18,299
10,709
2,765
1,093
9,932
1,428
1,131
574,605
-
574,605

28

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

7. Total expenditure (continued) The group and charity

Prior period comparative
Staff costs (note 9)
Other staff costs
Direct project costs
Fundraising
Bank charges
Printing, postage and stationery
Insurance
Premises costs
Communications
Accountancy
Legal fees
Depreciation
IT and support costs
Subscriptions
Miscellaneous costs
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
47,519
-
-
20,922
-
-
-
-
-
-
-
-
-
-
-
68,441
13,144
81,585		 Charitable
activities
£
286,357
-
17,930
-
-
5,835
-
-
-
-
-
-
-
-
-
310,122
79,210
389,332		 Support and
governance
costs
£
37,082
889
-
-
133
-
987
29,546
2,751
7,059
3,150
1,076
7,849
1,260
572
92,354
(92,354)
-		 2021 Total
£
370,958
889
17,930
20,922
133
5,835
987
29,546
2,751
7,059
3,150
1,076
7,849
1,260
572
470,917
-
470,917

29

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

8. Net movement in funds

This is stated after charging:
Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' / Independent examiner's remuneration:
▪Statutory audit (including VAT)
▪Independent examination (including VAT)
▪Other services		 The group
2022
£
7,038
4,500
Nil
Nil
6,600
-
7,841		 The group
and charity
2021
£
1,076
-
Nil
Nil
-
1,920
5,139

9. Staff costs and numbers

Staff costs were as follows:
Salaries and wages
Social security costs
Pension costs		 The group
2022
£
370,142
26,993
19,828
416,963		 The group
and charity
2021
£
328,438
24,186
18,334
370,958

No employee earned more than £60,000 during the year.

The key management personnel of the charity comprise the Trustees and Chief Executive Officer. The total employee benefits of the key management personnel were £65,812 (2021: £65,346).

Average number of employees The group
2022
No.
17.00		 The group
and charity
2021
No.
14.25

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

30

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

11.
Tangible fixed assets
Group
Cost
At 1 April 2021
Additions on acquisition
Additions in year
At 31 March 2022
Depreciation
At 1 April 2021
Additions on acquisition
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Charity
Cost
At 1 April 2021
Additions in year
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Long
leasehold
£
-
161,424
-
161,424
-
22,596
3,228
25,824
135,600
-		 £
£
3,228
-
34,562
34,070
614
-
38,404
34,070
1,756
-
28,541
29,235
2,610
1,200
32,907
30,435
5,497
3,635
1,472
-
Fixtures and
fittings
Computer
equipment		 Total
£
3,228
230,056
614
233,898
1,756
80,372
7,038
89,166
144,732
1,472
Total
£
3,228
614
3,842
1,756
1,093
2,849
993
1,472

31

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

12. Investments

Investments
Market value at 1 April 2021
Additions on acquisition
Additions
Disposals proceeds
Realised gains / (losses)
Unrealised gains / (losses)
Movement in cash balances
Market value at 31 March 2022
Represented by:
Listed equities
Cash
Total		 2022
2021
£
£
-
-
382,981
-
107,201
-
(15,243)
-
1,798
-
8,201
-
14,335
-
499,273
-
468,493
-
30,780
-
499,273
-
The group		 2022
2021
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
The charity
-
-
-
-

Investments comprise listed investments held by the charity via Rathbones.

32

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

13. Subsidiary undertakings Wiltshire Blind Association

Wiltshire Blind Association, CIO (number: 1119462), is a wholly controlled subsidiary of Sight Support West of England. It promotes the welfare of blind and partially sighted persons living in Wiltshire and Swindon.

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income before gains
Net gains on investments
Net income and net movement in funds		 Restricted
£
-
34,448
-
-
34,448
-
34,448
34,448
-
-
-		 Unrestricted
£
310,735
28,999
8,383
6,927
355,044
-
185,114
185,114
169,930
9,999
179,929		 2022
Total
£
310,735
63,447
8,383
6,927
389,492
-
219,562
219,562
169,930
9,999
179,929		 2021
Total
£
120,117
76,260
94
7,516
203,987
444
131,182
131,626
72,361
41,447
113,808

The aggregate of the assets, liabilities and funds was:

Assets
Liabilities
Funds		 2022
£
814,621
(77,272)
737,349		 2021
£
673,258
(115,838)
557,420

14. Parent charity

The parent charity's gross income and results for the year are disclosed in the charity only Statement of Financial Activities.

33

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

15. Stock

Finished goods
16.
Debtors
Trade debtors
Prepayments and accrued income
Intercharity loan (Wiltshire Blind Association)
Other debtors
VAT
17.
Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security		 2022
2021
£
£
3,817
2,318
2022
2021
£
£
3,794
1,020
26,803
1,568
-
113,649
1,005
-
934
-
32,536
116,237
2022
2021
£
£
4,899
8,799
6,000
5,583
8,189
7,816
19,088
22,198
The group
The group
The group		 2022
2021
£
£
3,817
2,318
2022
2021
£
£
2,601
1,020
26,803
1,568
74,272
113,649
1,005
-
934
-
105,615
116,237
2022
2021
£
£
4,899
8,799
3,000
5,583
8,189
7,816
16,088
22,198
The charity
The charity
The charity		 2022
2021
£
£
3,817
2,318
2022
2021
£
£
2,601
1,020
26,803
1,568
74,272
113,649
1,005
-
934
-
105,615
116,237
2022
2021
£
£
4,899
8,799
3,000
5,583
8,189
7,816
16,088
22,198
The charity
The charity
The charity
22,198

34

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

18.
Analysis of group net assets between funds
£
Tangible fixed assets
-
Investments
-
Current assets
6,000
Current liabilities
-
Net assets at 31 March 2022
6,000
Prior year comparative
£
Tangible fixed assets
-
Current assets
7,000
Current liabilities
-
Net assets at 31 March 2021
7,000
Restricted
funds
Restricted
funds		 £
143,740
-
328,000
-
471,740
£
-
28,000
-
28,000
Designated
funds
Designated
funds		 £
992
499,273
(16,718)
(19,088)
464,459
£
993
141,650
(22,198)
120,445
General
funds
General
funds		 Total
Funds
£
144,732
499,273
317,282
(19,088)
942,199
Total
Funds
£
993
176,650
(22,198)
155,445

35

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

19. Movements in funds

Movements in funds
Restricted funds
Postcode Local Trust
Quartet
Sobell Foundation
Age UK
Salisbury Resource Centre
Total restricted funds
Designated funds:
TUPE redundancy liability
Development fund
Fixed Asset fund
Total designated funds
General funds
Total unrestricted funds
Total funds
Wiltshire Community Sight
Loss Service
Unrestricted funds		 At 1 April
2021
£
-
-
7,000
-
-
-
7,000
28,000
-
-
28,000
120,924
148,924
155,924		 Income
£
6,874
9,400
-
12,500
29,448
5,000
63,222
-
-
-
-
1,298,757
1,298,757
1,361,979		 £
£
(6,874)
-
(9,400)
-
(7,000)
-
(6,500)
-
(29,448)
-
(5,000)
-
(64,222)
-
-
-
-
300,000
(5,945)
149,685
(5,945)
449,685
(515,536)
(439,686)
(521,481)
9,999
(585,703)
9,999
Transfers
between funds
and gains /
(losses)
Expenditure		 £
-
-
-
6,000
-
-
At 31 March
2022
6,000
28,000
300,000
143,740
471,740
464,459
936,199
942,199

Purposes of restricted funds

Postcode Local Trust

To provide emotional support to people with sight loss through the provision of peer support services, including befriending, buddying and social support groups.

Quartet To deliver community sight loss advice services in South Gloucestershire.

Sobell Foundation To deliver community sight loss advice services in Bristol.

Age UK To deliver our part of a 6 month collaboration project to provide mental health support to elderly people.

Wiltshire Community Sight Funding provided for the costs of a Community Sight Loss Advisor in Loss Service Wiltshire.

36

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

19. Movements in funds (continued) Purposes of restricted funds Salisbury Resource Centre Funding provided for equipping of new Sight Loss Resource Centre in Salisbury.

Purpose of designated funds

TUPE redundancy liability To cover the TUPE redundancy liability for staff delivering the South Gloucestershire Rehabilitation Service.

Development fund Funding set aside by Wiltshire Blind Association to fund SSWE to provide sight loss advice and guidance services across Wiltshire and Swindon.

Fixed Asset fund Represents the net book value of fixed assets held in Wiltshire Blind Association.

Transfers

The transfers between general funds and designated funds represent the acquired subsidiary's designated funds.

Prior year comparative
Restricted funds
Independent Age
Sobell Foundation
St Monica Trust
The Grocers' Charity
WeSport
Wiltshire Blind Association
Smaller grants under £1,000
Total restricted funds
Designated funds:
General funds
Total unrestricted funds
Total funds
Quartet Community
Foundation
South Gloucestershire
Council
The National Lottery
Community Fund
Unrestricted funds		 At 1 April
2020
£
-
-
7,000
-
-
-
-
-
-
-
7,000
28,000
66,860
94,860
101,860		 Income
£
11,500
4,275
7,000
1,900
1,125
4,562
10,000
2,885
120,369
2,450
166,066
-
358,915
358,915
524,981		 £
£
(11,500)
-
(4,275)
-
(7,000)
-
(1,900)
-
(1,125)
-
(4,562)
-
(10,000)
-
(2,885)
-
(120,369)
-
(2,450)
-
(166,066)
-
-
-
(304,851)
-
(304,851)
-
(470,917)
-
Expenditure
Transfers
between funds
and gains /
(losses)		 £
-
-
7,000
-
-
-
-
-
-
-
At 31 March
2021
7,000
28,000
120,924
148,924
155,924

37

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

20. Financial instruments at fair value

Financial assets measured at fair value 2022
2021
£
£
499,273
-
The group		 2022
2021
£
£
-
-
The charity

Financial assets measured at fair value comprise listed investments.

21. Related party transactions

The relationship between the entities has formalised in the year ended 31 March 2022 with Wiltshire Blind Association (WBA), a CIO (number. 1119462) becoming a wholly controlled subsidiary of Sight Support West of England (SSWE). At 31 March 2022, WBA owed SSWE £74,272 (2021: £113,649).

Simon Williams, Nick Grinham, Carl Hall and Rachel Farr, trustees of Sight Support West of England (SSWE), are also trustees of Wiltshire Blind Association (WBA). During the year ended 31 March 2022, WBA collected monies on behalf of SSWE and granted £208,464 (2021: £120,369).

22. Recognition of control of net assets of subsidiary

Net assets acquired on acquisition
Tangible assets
Investments
Debtors
Cash at bank and in hand
Creditors: amounts falling due within 1 year		 2022
£
149,685
382,981
10
140,582
(115,838)
557,420

Due to the nature of the acquisition the net assets acquired have been recorded in the statement of financial activities as other income.

38

Sight Support West of England

Notes to the financial statements

For the year ended 31 March 2022

23. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years
More than 5 years		 The group
2022
2021
£
£
18,000
-
72,000
-
85,500
-
175,500
-
The group
and charity

39