DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 CHARITY REGISTRATION NUMBER: 1183608 Suffolk Sight Unaudited independently examined accounts 31 March 2025 DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Financial statements Year ended 31 March 2025 Page Trustees. annual report Independent examiner's report lo the Iruslees 11 Stslemenl of financial activities 12 Balance sheet 13 Stslemenl of cash flows 14 Notes to the financial statements 15 DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes lo the accounts and comply with the charity's goveming document, the Charities Act 2011 and 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 published in October 2019. Reference and administrative details Registered charity name Suffolk Sight Charity registration number 1183608 Principal office 19 Tower Street Ipswich IP1 1BE The trustees The trustees who served during the year and al the date of approval were as follows.. G Staff Ichairl S Hodgkiss IVi¢e Chairl C Allum" N Broadbent G Chambers, S Giddings (Appointed 12112120241 R Hanspal A Kelly. M Peak. S Walker. G Watts" 'visually impaired Chief executive officer S O'Donoghue Memberservlces manager A Eaves Flnance manager A Sibun DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Investment managers CCLA 1 Angel Lane London EC4R 3AB Independent examiner A Robinson FCA Lovewell Blake LLP Chartered accountsnls First Floor Suite 2 Hillside Business Park Bury Sl Edmunds IP32 7EA DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Objectives and activities Pollcles and oblectlves Suffolk Sight's principal objective is lo provide support, welfare setvices and social activities enabling those experiencing sight loss in Suffolk to continue living indepèndent and fulfilling lives within their home community wherever practical. The overarching objective of Suffolk Sight is lo relieve the needs of people who are visually impaired across Suffolk for the public benefit by providing the best support and care so that they can lead rich and fulfilling lives with the highest level of independence and by promoting ils objectives to ils memb&rs, beneficiaries and the wider communities in which il operates. The main aims and objectives of the Charity are.. To provide appropriate help, support, advice and access to daily living aids that contribute to improving the quality of life of blind and partially sighted people,. this includes a home-visiting service and telephone support where appropriate., this also includes a low-vision service Idemonstration and training on the Correct use of manual and electronic magnifiers) in client's homes, where they are not able to or choose not to access the facilities at the hospital eye dinics. Through the equipment and resource ￿nIreS at Bunting Road and Tower Street, to offer a facility where clients can visit to evaluate a range of daily living aids, as well as to have access to a trained Technology Advisor themselves partially sighted - who can demonstrate a variety of IT products and offer training and technical support. To help people who use the Charity's services rnaintain choice and control over their lives. To raise awareness of the impact and benefits of CVI (Certificate of Visual Impairmenll registration for blind or partially-sighled people and to signposVsUPPOrt people lo register as appropriate. To provide appropriate support to ensuie the setvice users dignity and at all times respecting the choices service users make. To provide and facilitate monthly social meeting groups and other activity-based and recreational groups across our region. To raise awareness of eye health issues through education and involvement wth local communities. The Charity has al any time approximately 2,500 people in Suffolk on ils database who are living with sight loss and who wsh to benefit from ils setvices. The RNIB slatislics indicate that there are 31,900 people in Suffolk living wth sight loss of whom 3,390 are registered sight impaired or severely sight impaired. The number of people in the county living with sight loss is predicted to rise lo 39,600 by 20321+25QAI. Public benefit Within the parameters set by its constitution, Suffolk Sight provides public benefit by supporting people with a visual impairment in endeavouring to maintain independence and quality of life. In the exercise of its powers to that end, Suffolk Sight has paid due regard to the published guidan￿ from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Achievements and performance Throughout the last twelve months, the demand for the Charills services remained al a high level. We continued lo develop and improve our services lo meet the needs of our beneficiaries and the constandy evolvin9 environment in which the Charity operates, wlh continual reference lo our Sustainability Plan. We are incredibly proud of the achievements we have made and the continued high level of service and support we have provided to our beneficiaries, thanks lo the dedication and hard work of our staff and volunteers. We continue lo strive lo help our beneficiaiies live independent lives, with reduced isolation and improved mental health and wellbeing. Main achievements ofthe Charity 1. At the end of the reporting period, there were 2550 registered beneficiaries on the Suffolk Sight datsbase. The average age of new registrations continues to increase, largely due lo continuously improved treatments. We are still finding that a lot of new registrants are suffering multiple disabilities and hen￿ are being supported by several agencies. 2. New referrals into Suffolk Sight came from the Eye Clinic Liaison Officers IECLOS) at West Suffolk, Ipswich, James Paget and Addenbrookes hospitals, from Sensing Change, social prescribers, other charities and NHS departments, and directly from individuals or family members, either through recommendation, Suffolk Sight's widely distributed trifold information leaflets or via outreach events. 3. Suffolk Sight offers a service that is both holistic and person-cenlred. The primary activity was supporting visually-impaired beneficiaries through our team of eight Community Workers resolving their needs by combination of home visits and telephone support, offering advice, providing solutions and making referrals lo third parties where appropriate. Although we are generally only called upon 10 Serve something like 200/0 of our members al any one point in time, we endeavour lo contact all of our members al least once a year lo see If their circumstances have changed and to check if they require any support. A proportion of our services Continued lo be offered remotely, with face-tTrface support being given where appropriate. We continued to use a telephone triage system lo help manage demand. 4. Our Community Workers continued to use their magnification training lo both demonslrale and arrange purchase of simple and ele¢lronic hand-held magnifiers. This is an extremely valuable service particularly for those living without easy access lo Low Vision clinics at the hospitals. Wherever possible they demonslraled a core sel of daily living aids and provided catalogues and help where necessary to make sure that our beneficiaries could purchase from a large range of other daily living aids. During the year, we provided or helped with the a¢quisilion of over 1.000 items of daily living aids for our beneficiaries and. where they were financially disadvantaged. we were able to assist in the purchase of small items by applying for appropriate grants or, where this was not applicable, via a fLJnd kindly donated to Suffolk Sight by a number of charitable trusts and donors. For this, we and the beneficiaries concerned are very appreciative. 5. Suffolk Sight continued to assist its beneficiaries with applications for welfare benefits where appropriate, most commonly Attendance Allowance or Personal Independence Payment IPIPI. We also helped with applications for concessions, such as Blue Badges and bus passes. 6. Suffolk Sight has two trained Technology Advisors and a small number of volunteers who demonslraled a range of IT assistive technology products as well as providing training and technical support for memberfs own IT equipment. This support was provided remotely, at the resource cenlres and outreach events, or In the beneficiary's home. 7. We continued to offer our befriending scheme, which saw increased demand throughout the year, with many people experiencing feelings of social isolation. The service was delivered by a mixture of telephone and face-to-face visits. Our Befriending C&ordinalor worked with other organisations offering similar services to c¢>ordinate resources and manage keep wailing times to a minimum. 8. The telephone ¢ounselling. a permanent. exlernally-funded service, continued lo be in demand. as we helped benefi'ciaries struggling to come to terms with their sight loss and its impact on their lives. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 9. We provided a h￿ICe-yea￿Y infomiative newsletter that went out to all of our members either in large print, on CDS, USB Sticks or via email. These newsletters contained a wide range of helpful information and guidan￿ for our members. 10. Across Suffolk we had sixteen social groups, including a children's group, meeting al least once a month for those of our members who are able lo attend. These offered professional advice and peer-lo-peer 5UPPOrt in a good social setting, usually involving food and drink and, more often than not, some activity or entertainment. Occasionally there was an outing and al Christmas lime a special celebratory meal or party. 11. Several of our social groups tsffe￿d, directly or in conjunction with other local organisers, a range of activity groups for our members lo participate in. These included Blind Bowls, Blind Shooting, New Age Curfing, rambles, sailing, arts and crafts, and Boccia. 12. At a lime when Charities are finding it increasingly difficult lo recruit volunteers, we explored new ways lo reach and attract people and conty'nued lo have a steady flow of new volunteers joining the team and helping us lo deliver our services. 13. We collaborated with a number of other charities, such as Cohere Arts and the Warden Trust to apply for funding and to share resources in order to deliver events for our clubs. We also fomied good relationships with organisations such as Ipswich Town FC and Game Day Vision to further increase the opportunities available lo our beneficiaries. 14. As part of our drive to take more of our services to our beneficiaries in their own communities, we started holding popup advice and equipment sessions in Lowesloft, Haverhill and Newmarket. 15. Our Equipment Day in Lowesloft was a great success and was very well attended, with people able lo re￿1ve information and advice from supplier5 of assistive technology and daily living aids, a5 well as oursèlves and other charities and agencies. 16. We set up a monthly lelephone-based Charles Bonet support group for beneficiaries lo access information and peer-1￿peer support in a safe environment. 17. We provided referrals lo the RNIB for any of our memb&rs who required help getting back into or stsying in employment. 18. We encouraged all of our members to receive talking newspapers and magazines from both local and national charities offering this servi￿. In addition. we helped members get access to talking books either through the RNIB or through a charity called Calibre. 19. We acted as agents for a charity called British Wireless for the Blind IBWFBI who provide radios and radiolCDIUSB stick players as well as internel-based radios. These are offered lo members who meet the light criteria sel by BWBF. Management and stafflng Suffolk Sight employed eighteen part-time stsff. The day-to-day operations of the Charity were the responsibility of the senior stsff team, consisting of the Chief Executive, Services Manager and Finance Manager, supported by the Adminislralor. The Charity also employed eight Community Workers, a Befriending Co-ordinator. two Technology Advisors, a Low Vision Specialist, a Social Club and Volunteer Co-ordinator and a Communications and Engagement Officer. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Volunteers Volunteers continued to be an essential part of Suffolk Sighrs overall operation throughout the year. The Charity was fortunate lo be able to call upon over 200 volunteers across Suffolk to cover a wide range of duties. Volunteers supported a number of our services and provided a wide range of practical help including adminislralion support, befriending, outreach events, and running monthly social and activity groups including outings and transport. Flnanclal revlgw Totsl income for the year ended 31 March 2025 amounted lo £156,232, representing a 300/0 increase from the previous yearfs lolal of £119,953. The year's improved income position was due lo a rise in reslricled grant income, the receipt of a legacy, an increase in donations in kind and higher bank interest earned on cash reserves. Voluntsry funds are raised through three types of fundraising activity.. ¢ommunity fundraising and events which accounted for of our income Dverall in year, individual giving and legacies which accounted for 28Q/o Ilegacies comprising 120/0) and trusts and corporate support which accounted for 119￿. The non- financial contribution gained from our fundraising is immeasurable but is helping us build community engagement and support. We were fortunate during the year lo re￿1ve donations in kind to the value of £2,500. The balance of income was mel from investment dividends, bank interest and rental income and sales of equipment at cost and contributed 35°A lo our total income receipts and our social clubs accounted for 210A. Totsl expenditure increased by £91,290 10 £465,967 this year. Our charitable expenditure came lo £418,07412024 £358,287) of which. 600h covers on&lo-one services provided by our Community Workers, Assist Technical Advisors, Low Vision Assessments and Emotional Support counselling. 360/0 SUPPOrts our engagement with our volunteer befrienders. volunteers and our 16 regional social groups, group activities and the wider community. 49￿ covered govemance activities and the implementation of a new database. Our fundraising costs, mainly legal fees related to property transactions from the administration of residuary legacies, were £47,893, compared to £16,390 in 2024. During the year, the charity completed the sale of five parcels of land in Baylham. The transaction realised a gain of £271,000 above ils nominal value, conlribuling significantly to the overall financial perf0rrnan￿. Our nel realised gain for the year was reduced lo £252,997 by the fall in market value of our investments at the end of March. The nel position means we are reporting a planned operating deficit of £56,73812024 a deficit of £198,995) which has been mel by an agreed drawdown of reserves of the same amount. The year-end funds of the charity total £1,499,011 12024.. £1,555,749). The unrestricted fund balance was £1,340,961 12024.. £1,383,625) of which £85,139 12024.. £75.5531 comprises the balances held by our social club funds. The reslricled fund balan￿ was £158,05012024'. £172,124). After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Reserves policy Suffolk Sight's strategy and suslainabilily plan has been implemented and the Trustees have set a reserves policy for the forthcoming year. The Trustees have given due consideration to the external environment and the perforrllance of current operations and have set a policy which requires that reserves be maintained at level lo ensure continuity of Suffolk Sight's core aclivilies, and which recognises that the principal source of funding is from legacies, which by their very nature are unpredictable. The Trustees aim lo maintain free reserves in unreslri¢ted accessible funds al a level which equates lo a minimum of twelve months and a maximum of 18 months of unrestrictèd charitable expenditure and ensures that there are sufficient resources". To enable Suffolk Sight lo continue to deliver ils core activities in the event of a shortfall in voluntsry and other income streams To meet short temi cashflow requirements To provide funds lo protect Suffolk Sight against unforeseen adverse circumstsnces Designated reserves of £70,000 have been set aside by the Trustees in order to build the capacity of the organisation and invest in our future sustainability and resilience. The Trustees hold these reserves in a ready realisable form i.e. that can be easily converted into cash. This policy is reviewed annually and levels of reserves are monitored and reviewed as part of the management accounts every two months. This gives the Trustees sufficient time lo adjust to changing financial circumstances and lo manage the levels of our liquid reserves. To meet the largel reserves level Suffolk Sight disposed of the ownership of the land al Baylham during the year. Thi5 has increased accessible reserves held al 31 sl March 2025 10 £592,271 which equates to 17 months of Charitable expènditure based on current costs. This figure excludes the balances held by our regional clubs. Investments policy In accordan￿ with the charity's conslitulion, the Trustees have the power lo invest in such stocks, shares and investments as they see fil. The Trustees have delegated oversight of Suffolk Sight's investment assets lo the Finance Committee. The Finance Committee, which meets six times a year. report and make recommendations to the Trustees at Board meetings held every months. Suffolk Sight's investment strategy is to generate a consistent and sustainable return, within an acceptable level of risk, to part fund annual expenditure and to deliver the investment objectives, which are in tum aligned with Suffolk Sight's short-, medium- and long-term strategic objectives. Suffolk Sight has been the recipient of the Baylham Trust which held land and a house in trust and was administered by Iruslees that had no link to Suffolk Sight and operated completely independenuy under the terms of the benefactorfs last will and leslamenl. The freehold for the house was transferred lo Suffolk Sight on 29th March 2022 and the freehold to the land was transferred on 11th August 2022. The house was sold during the financial year 2022 and 2023 for £250,000. The land was recognised al al the fair market value of £395,000 and wa5 sold in 5 lols during the year achieving £666,000 before legal and surveyor costs. Al the year-end £476,62912024 £644,6321 was held within four COIF Charities Funds (Common Investment Funds) which are administered by CCLA Ichurches, Charities and Local Aulhoriliesl and £415,000 was held in three freehold rental properbes in Ipswich. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Plans for future periods One of Suffolk Sight's key strengths IS the ability to adapt quickly lo changes in our environment and different ways of working whilst maintaining our provision of support lo people across the county. In the future, we wll ensure that our servi￿5 continue lo respond and develop in the most appropriate and safe way. In particular, we will.. Continue lo provide, develop and enhance the current range of core services and a¢tivilies, based on the evolving needs of our beneficiaries. Build capacity lo ensure that we can deliver our services across the entire county. Value and nurture lived experience and ensure that c&production is an inherent part of everything we do. Continue lo transform our service delivery model, bringing yel more of our support to our beneficiaries in their local communities. Build on our links with statutory and community Drganisations, aiming to ensure that the needs of people with sight loss in Suffolk are met most appropriately. Maintain land where possible, increase) the numbers of people we support. Improve our reach and engage with all communities in Suffolk. Continue lo explore innovation and best practice and further develop partnerships and collaborative working. Update our policies and proCedU￿S lo ensure they reflect legislation, best practice and our working arrangements. Increase and diversify membership of the Trustee Board. Invest in consolidats'ng and developing fundraising activities and improving our communications. Continue to invest in training and development of staff, trustees and volunteers. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Structure, governance and management Constltutlon Suffolk Sight Is a Charitable Incorporated Organisalion and a charity registered In effect from 29 May 2019. Suffolk Sight's activities are governed by ils Conslilulion last amended and approved on 10 October 2024, which il sets out the nature and Iimilalions of the Charity's work with local blind and partially-sighled people. The management of the Charity is the ￿spOnSIbl111Y of the Board of Trustees who are elected, appointed and co-opted under the terms of the Charity Commission Scheme. The current Board of Trustees and the changes which have occurred since the previous annual report are as stated in the reference and administration details of these accounts. Recruitment and induction of Trustees New trustees are currently appointed at the Annual General Meeting or at any point in the year by the decision of the Trustee Board. Induction is carried out by the Chair and Chief Executive. A range of resources are used to provide information about Suffolk Sight and the roles and responsibilities of its Iruslees. It is considered appropriate that a proportion of the Iruslees should be service users and currenly five of the trustees have a visual impairment. Organlsatlonal structure and declslon-maklng pollcles Suffolk Sight has a paid staff team to oversee provision of all setvices together with sixteen volunteer-run Clubs that are all self-financing and run local social and activity groups for membèrs of Suffolk Sight within their geographical areas. The majority of these clubs operate their own bank accounts," however, they operate and report wthin the registered Charity and also operate under the Charity's single insurance policy. Suffolk Sight's strategic direction is set by ils Board of Trustees which meets six limes per year. Implemenlalion of the strategy and management of the organisation is the responsibility of the part-lime Chief Executive who is also responsible for the organisalion's supporting infrastructure. assisted by a part- lime Services Manager, part-time Adminislralor and part-lime Finance Manager. The other fronuine members of staff are involved directly in the delivery of setvi¢es lo beneficiaries. The Chair. Vice Chair and Chief Executive meet regularly to share information and consider important issues arising be￿een board meetings. The Chief Executive holds a team meeting of all the paid staff every month lo deal with operational matters. Pay policy for key management personnel The Board of Trustees and the senior staff team Ithe Chief Executive, Services Manager and Finance Manager) comprise the key management personnel of the Charity, in charge of directing and controlling ils day-to-day operations. The remuneration of the senior staff team is reviewed annually and all changes approved by the Trustees. Salary increases consider both inflation rates and affordability and comparison of Salaries wlhin the sector. No trustees receive remuneration or other benefits from their work with the Charity. DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Trustees, annual report (continuedj Year ended 31 March 2025 Partnerships and collaborative working The Charity maintains close links with both national and other local charities within the sighl-loss sector. It is an active mernber of Visionary, which Is a national body that supports local voluntsry sighl-loss charities. 11 also has a close working relationship wth Sensing Change Ilhe sensory team for Suffolk County Council Social Services) and the four NHS Hospital Eye Clinics serving the population of Suffolk. The Charity administers distribution of radios on behalf of the British Wireless for the Blind Fund and helps beneficiaries lo access local and national taking newspapers, as well as tslking book service5. Other relevant charities, including Blind Veterans UK, The Macular Society and the RNIB, are referred lo for provision of infoimalion and support for Suffolk Sight Clients within their remits. The Charity also recommends those who would benefit from a guide dog lo the Guide Dogs for the Blind Association. Related party relationships The Charity maintains a Register of Interests for all Trustees and senior management, which is reviewed annually. Information on all related party transactions is recorded and disclosed in the annual accounts. Risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the operations and finances of the Charity, and are satisfied that systems are in place to manage any exposure to identified major risks, which are subject to regular review. The Trustees have recognised as prime risk the need for on-going financial stability. Consequently, the operations team has continued lo address overheads and work closely with Suffolk Sight's commission-based extemal fund raiser. True and falr overrlde The financial stslemenls have been prepared to give a 'lrue and fair, view and have departed from the Charities IAccounls and Reports) Regulations 2008 only to the exlenl required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities." Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Slalement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Independent examiner reappointment A resolution to appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed at the next relevant board meeting. The trustees, annual report was approved on Iruslees by.. 31912025 and signed on behalf of the board of G Staff (Chairi Trustee 10- DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Independent examiner's report to the trustees of Suffolk Sight Year ended 31 March 2025 I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes. Responslbllltles and basls of report A5 the charity's ttuslees you are responsible for the prepar8ts.on of the financial ststemenls in accordance with the rèquirements of the Charities Ad 2011 I'lhe Acl'l. I report in respect of my examination of the charity's financial slalements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements conceming the form and content of accounts sel out In the Charitie5 (Accounts and Reports) Regulations 2008 other than any requiremènt that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concems and have Come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Your attention is drawn lo the fact that the Charity has prepared the acwunls Ifinan¢ial slalementsl in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accountin9 Practi￿ effective for reporting periods beginning on or after 1 January 2015. A Robinson FCA Independent Examiner Lovewell Blake LLP Chartered accounlanls First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA 31912025 11 DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Statement of financial activities Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitsble activities Other trading activitie5 Investment income Other income 20,764 28,661 4,079 48,443 3,452 23,506 20,668 3,184 3,475 44,270 49,329 7,263 51,918 3,452 30,859 30,672 7,352 50,230 840 Totsl Income 105,399 50,833 156,232 119,953 Expgndlturg Raising funds Costs of raising donations and legacies Charitsble activities 47,893 357,698 405,591 47,893 418,074 465,967 16,390 358,287 374,677 60.376 Total expenditure 60,376 Net expenditure and net movements in funds before gains and losses on investments 1300,1921 19,5431 1309,7351 1254,7241 Net gains on investments 257,528 14,5311 252,997 55,729 Net expendlture and net movement In funds 142,6641 114,0741 156,7381 1198,9951 Reconciliation of funds Total funds brought forward Total funds carried forwar(I 1,383,625 172,124 1.555,749 1,754,744 1,340,961 158.050 1,499,011 1,555,749 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 28 form part of these financial statements. 12- DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Balance sheet 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments 13 14 5,809 891,629 10,014 1,454,632 897,438 1,464,646 Current assets Stocks Debtors Cash at bank and in hand 15 16 1,655 24,746 610,439 5,133 21,507 99,753 636,840 126,393 Creditors.. Amounts falling due within one year 17 135,2671 135,2901 Net current assets 601,573 1,499.011 91,103 1,555,749 Total assets less current liabilities Net assets 1.499.011 1,555,749 Funds of the charity Restricted funds Unrestricted funds 158,050 1,340,961 172,124 1,383,625 Total Charity funds 19 1,499,011 1,555,749 These financial slalemenls were approved by the board of trustees and aulhorised for issue on 11912025 and are signed on ￿half of the board by". G Staff (Chairl Trustee The notes on pages 15 to 28 form part of these financial statements. 13- DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Statement of cash flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Nel expenditure 156,7381 1198,9951 Adjustments for. Depreciation of tangible fixed assets Nel gains on investments Dividends, Interest and rents from investments Other Interest receivable and similar income Accrued expenses 4,205 1252,9971 129,1001 122,8181 250 4,344 155,7291 117,9511 13,1451 2,788 Changes in.. Stocks Trade and other debtors Trade and other creditors 3,478 13.2391 12731 1357.2321 1,792 21.892 7,918 1237.0861 Cash generated from operations Interest received 22.818 3,145 Net Cash used in operating a¢livities 1334.4141 1233.9411 Cash flows from Investlng actlvltles Dividends, Interest and rents from investments Purchase of tangible assets Proceeds from sale of tangible assets Proceeds from sale of other investments 29,100 17,951 11,9161 64 212,042 1,087,000 Nel cash from investing aelivilies 1,116,100 228,141 Net increaselldecreasel in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 781,686 99.753 15.8001 105,553 99.753 881.439 The notes on pages 15 to 28 form part of these financial statements. 14- DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Notes to the financial ststements Year ended 31 March 2025 General infomiation Suffolk Sight, registered charity number 1183608, is a public benefit entity established in the UK as charitable Incorporated organisation governed by ils conslilulion dated 29th May 2019. Suffolk Sight is formed from the amalgamation of Wesl Suffolk Sight CIO and East Suffolk CIO and East Suffolk Association for the Blind CIO and became active on 1 sl April 2020. Suffolk Sight operates from ils offices in Slowmarkel and Ipswch and regionally throughout Suffolk. The Charity's principal office is 19 Tower Street, Ipswich, IP1 1 BE. statement of compliance The charity Constitutes a public benefit entity as defined by FRS 102. The financial slalements have been prepared in accordance with Accounting and Reporting by Charities. Stslemenl of Recommended Pra¢ti¢e applicable to Charities preparing their ac¢ounls in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdorn and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. Accounting policies Basls of preparatlon The financial slalements have been prepared on the historical cost basis, as modified by the revaluation of Certain financial assets and liabilities and investment properties measured at fair value through income or expènditure. The financial slalements are prepared in sterling, which is the functional currency of the entity. Going concern The accounts have been prepared on the going concern basis and the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficienl ￿rith the level of reserves for the Charity to be able to continue as a going concern. Income tsx As a registered Charity, the activities are exempt from United Kingdom Income and Corporation taxation, provided that the income is applied lo charitable purposes. Fund accountlng Unrestricted funds are available for use al the discretion of the Trustees to further any of the Charity's purposes. Designated funds are unreslricled funds eamiarked by the Trustees for particular ftjlure project or committmenl. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 15- DoGUSign Envelope ID". C4438BB3-94884930-A685-7E1A701620A6 Suffolk Sight Notes to the financial ststements (continued) Year ended 31 March 2025 Accounting policies (continued) Income All Income is included in the 5taleTnenl of financial activities when enlidemenl has passed to the Charity, il is probable that the economic benefits associated with the transaction will flow lo the Charity and the amount can bè reliably measured. The following specific policies are applied lo particular categories of income". income from donations or grants is recognised when there is evidence of enlitiemenl to the gift, receipt is probable and ils amount can be measured reliably. income from legacies is dependent on estsblishing enlitlemenl, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of enlillement to a legacy exists when the Charity has sufficient eviden￿ that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. other income is accounted for when receivable. Expendlturg Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the stslemenl of financial activities to which it relates.. expenditure on raising funds includes the Costs of all fundraising aclivilies, events, legacy administration. non