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2021-03-31-accounts

Page
Trustees' report including
reference and administradve		 details of
the charity,
its trustees		 and advisers
Independent
auditor's		 report
Statement
offinancial		 activities 14
Balance sheet
Cash flaw statement 16
Notes to the financial statements

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE CAMBRIDGESHIRE SOCIEfY FOR TME BUND AND PARTIALLY SIGHTED (KNOWN AS CAM SIGHn IA company limited by guaranteè} FOR THE YEAR ENDED 31 MARCH 2021 Audltorfs re8pon$lbllities for the audlt of th• financlal stal¢m•nts (contlnued} We Klentified 8re8$ of laws and r•gulations that ciyjld reasonably be expettted to have a mgtsrial effect tsn Ihg annual financlal ststements from (Njr general cornmercial an<J char1t￿0 company specTfic experience, throu discussion I￿1h th$ TN$tees {as r8quired by audiling 5tandardsl, antj from inspection of the charitable eompatys regulatory ¢oTheSpOnden￿, and we tliscussed wth the Trustees the pollctes and pro¢edure5 regarding compliancè laws 8nd wulations. We communicated ideniiffed laws #nd regLrf8tion$ throughout our tè8m and remained alert to any indlc¥tion to non•comptiance Ihroughout thè audK. the au¢Jit team ara deemed both competent and eapablo of Identl￿n9 nOn￿OMplianee with rules and regulah"ons. The Wentkql effect ofthese laws and regulauons on the annual finan¢i813tstem¢nts Ydries consider8bty. Firslty, the chgfrtable company 1$ subject to laws and regulalon$ that dir8¢Uy affect the annu01 financial statements incJudTrng ffftancial r6kN)rting legi818tion and taxatlon legislats"on, ar¢d we assess￿ the extent of compliance Ihes& laws and regulations as part of pur proce¢Jures on the relat8d annual account Items. Secor￿lY. the ch9rstable company is subject to other laws and regulations vthere the cnnsequences of n¢n-compli8nce could have a material effect on the amounts or disd05ures in tre financS8l statements. for in5tanc8 non-compliance wth industy regtsl¥lions. Wè assessLYl fhe rrsk of fraLyJ in the financral statements through discussion wlh m8nagem¥nt and from our axporience of charitable eompany. We communicated ￿1efttified fraud risk areas throughout ow team and remained alert to any inth'¢alion of frau(J throughout the audrt. In paflicular, we assessed the pthntial Impact of Ihe global pan¢Jemic knowT) as Covid-19 on thè risk of fraud. We dld not identifyany instances of fraud durina the ¢ourso of our audiL Auditing Standards limit the required audit procedures to idènlty non-compliance ￿1th these Liws and regijlations to enquiry of the Trustees and inspectlon of regulatory and lègal corrgWJnden¢e. rfany. Through thès8 procedur64 ￿ did not become oware of any actual or suspectsd n¢nomplian¢e laws and ￿￿lationS. Chwng to th8 inh8r8nl limitations of an OULlil, there is an unavoidable risk ihat we may not have detecaed somè material misst8tÈments in the fingncial stst¢ments. even Ihough wè have properfy planned perfomed our aLKIrf( In 8cc0rdaTh￿ auditing standards. We are not responsible for preventkng nOn<0m￿lane$ and cannot be expocted to detoct non4ompliancé wth all law5 and r¢gulations. A further dgscripoon of our responsibilities for the audlt of the financial st8tements 1$ located on the Finanaal R•porting Council's website at.. https.'Ilm.frc.ory.ukJOur-WortlAudiUAudit4nd-a55uranc¢lStandard8wand- 9uldancelStandard&and-guidance-forwauditorslAuditor3-responsibiliUes-for-auditlDescriptiowf-aucitors- r¥sponsibdttiethr-audit.aspx This desGription fotms part of our audito￿$ repcft. This report is made solelyto The Cambridgeshirs sO￿ty Fr&r The Blind An¢J Parti811y Sighted as a bDJy. in ac￿r￿anCe with Chapter 3 of Part 16 of the Cornpan￿ Act 2006. Our audll work has been undertaken so that we might st8te to the Charity those marfers Me ar¢ reqUI￿d to state to Ihem in an 8uditors' report and foT no other purpose. To the fvllest extent pemitted by law, we do r#Jl accepl or assumè responslbilty to anyone other than the Chaiityand thtr Chartys membws as a body. for cyjr audit work. forthis report. orfor the opinions wa have foTrned. SbJart Graham Berrirnan Isenior Statutory Audit¢¢} For 8nd on behalf of Chatsr Allan LLP Chartered Accountants & Stslutory Auditors BBech House 48 Newmgrket Road Cambridge CB5 8DT 11 201 I 13

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note f f 8 8
Income from:
Donations
and legacies		 237,352 237,352 992,458
Charitable
activities		 281,699 5,766 287,465 261,925
Other trading
activities		 120 120 3,881
Investments 11,384 11,384 21,519
Total income 281,699 254,622 536,321 1,279,783
Expenditure
on:
Raising funds 43,330 43,330 48,926
Charitable
activities		 341,444 183,942 525,386 512,905
Total expenditure 341,444 227,272 568,716 561,831
Net Income/(expenditure) before investment (59,745) 27,350 (32,395) 717,952
gains/losses
Net realised and unrealised gains/(losses) on 76,447 76,447 (72,504)
investments
Net income/(expenditure) before transfers (59,745) 103,797 44,052 645,448
Transfers between funds 17 77,766 (77,766)
Net movement
in		 funds 18,021 26,031 44,052 645,448
Reconciliation
of		 movement in funds:
Total funds brought forward 354,710 1,435,774 1,790,484 1,145,036
Total funds canied forward 372,731 1,461,805 1,834,536 1,790,484
Total Total
2021 2020
Note 6 8
Fixed assets
Tangible assets 12 212,578 188,140
Investments 13 1,220,226 386,036
1,432,804 574,176
Current assets
Stocks
Debtors		 14 4,446
9,922		 4,446
13,831
Investments
Cash at bank and in hand		 15 256,250
149,597		 356,015
888,321
420,215 1,262,613
Liabilities
Creditors: amounts falling due 16 18,483 46,305
within one year
Net current assets 401,732 1,216,308
Net assets 1,834,536 1,790,484
Charityfunds
Restricted funds 372,731 354,710
Unrestricted funds 17 1,461.805 1,435,774
1,834,536 1,790,484
Total Total
2021f 2020
f
Cash flows from operating
activities:
Net cash provided
by operating
activities		 ~53.782 732.269
Cash flows from investing
activities:
interest from investments
Increase
in investments
Purchase of property,
plant and equipment
Net cash provided
by investing
activities		 11,384
(757,743)
~38,348
~784 787		 21,519
(101,303)
~6.194
~. 85975
Change in cash and cash equivalents
period		 in the reporting ~838489 648294
Cash and cash equivalents
at the beginning		 ofthe
reporting
period		 1,244,336 598,042
Cash and cash equivalents
atthe end		 ofthe reporting
period 483.847 1,244.338
Summary ofthe cash and cash equivalents at the end
ot the reporting
period
Cash at bank and in hand 149,597 888,321
Investments 256,250 356,015
405,847 1,244,336
Reconciliadon
of net income/(expenditure)		 to net cash flow from operating activities
Net income/(expenditure)
for the reporting		 period 44,052
Adjustments
for:
Depreciation
charges		 13,910 8,613
Losses/(gains)
on investments		 (76,447) 72,504
Interest from investments (11,384) (21,519)
(Increase)/decrease
in stock		 (373)
(Increase)/decrease
in debtors		 3,909 11,426
incense/(decrease)
in creditors		 (27,822) 16,170
Net cash provided
by operating
activities		 53,782 732,269

1.17Liabilities and provision s
Liabilities are recognised
when		 there is an obligation at the Balance Sheet date as aresult ofa past event,
it is
probable that a transfer ofeconomic benefit will be required in settlement, and the amount ofthe setfiement
can
be estimated
reliably. Liabilities		 are recognised at the amount that the company anticipates it will pay to settle
the debt or the amount
it has received		 as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate ofthe amounts required
to		 settle the obligation. Where the effect
ofthe time value ofmoney is material, the provision is based on the present value ofthose amounts, discounted
at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding ofthe discount is
recognised
within interest payable		 and similar charges.
Restricted Unrestricted Total Total
funds funds funds funds
2.INCOME FROM DONATIONS AND LEGACIES 2021
f		 2021
8		 2021
8		 2020
8
Donations 99,049 99,049 949,181
Friends ofCern Sight 1,927 1,927 10,885
Collections 4,414 4,414 30,109
Legacies 131,962 131,962 2,283
237,352 237,352 992,458
Included
in fite above are donations		 from trustees totalling 61,022 (2020: E2,210).
3.INCOME FROM CHARITABLE ACTIVITIES
Low Vision Equipment 16,247 3,142 19,389 35,306
Rehabilitation 10,485 104 10,589 10,776
Children's
Services		 51,153 2,105 53,258 24,321
Emotional and Community
Rural Peer Support		 Support 102,380
58,485		 104
104		 102,484
58,589		 84,506
72,797
Technology Services 19,205 104 19,309 18,536
Volunteer Senrices 23,744 103 23,847 15.683
281,699 5,766 287,465 261,925
Included
in the above is income		 from the following:
Cambridgeshire
County Council		 87,000 87,000 87,000
The Enabling
Trust		 45,000 45,000 44,500
National
Lottery Community		 Fund 99,928 99,928 68,460
Global's Make Some Noise 39,968 39,968
Other donations
and grants		 9,803 9,803 34,464
Low vision equipment
centre		 3,040 3,040 14,625
Other service contracts 2,001 2,001 3,608
Other income 725 725 9,268
281,699 5,766 287,465 261,925

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
6 6 6
4.FUNDRAISING
INCOME
Events, functions
and raffles		 120 120 1,721
Sale ofother goods and services 461
Centenary
Appeal		 (including Friends ofCam Sight) 1,699
120 120 3,881
5.INVESTMENT INCOME
Rent receivable 2,010
Investment
income		 11,131 11,131 14,418
Bank and other interest 253 253 5,091
11,384 11,384 21,519
8.EXPENDITURE ON RAISING FUNDS
Professional costs 1,153 1,153 2,871
Sundry costs 2,070 2,070 933
Investment
management		 fees 3,388 3,388 1,188
Staff costs 36,719 36,719 43,934
43,330 43,330 48,926
7.COSTOF CHARITABLE ACTIVITIES
Wages and salaries 274,693 31,774 306,467 247,830
National
insurance		 17,281 905 18,186 17,082
Pension cost 25,453 4,799 30,252 10,560
Equipment
purchases		 7,729 7,924 15,653 23,970
Recreation
group		 69 37 106 10,956
Building improvements and maintenance 3,478 3,478 3,556
Rent and rates 3.453 3,453 3,442
Travel and training 6,120 6,120 11,405
Other direct costs 516 516 82
Support costs (note 8) 2,652 138.503 141,155 184,022
341,444 183,942 525,386 512,905

SUPPORT AND G OV ERN ANCE COSTS
General Total Total
Support Governance 2021 2020
8 8 9
Travel expenses 77 6,981
Sundry charitable expenditure 2,354 2,354 8,527
Insurance 1,915 1,915 4,043
Rent and rates 2,475 2,475 1,512
Repairs and maintenance 7,549 7,549 5,456
Computer costs 11,403 11,403 24,671
Heat and light 3,851 3,851 4,150
Printing,
postage and		 stationery 11,991 11,991 6,564
Advertising
and PR		 4,740 4,740 1,378
Telephone 8,479 8,479 6,488
Accountancy fees 3,000 3,000 6,000
Auditors
remuneration:		 audit 4,300 4,300 4,320
Auditors
remuneration:		 non-audit 1,230 1,230 1,260
Auditors
remuneration:		 non-audit in relation to the prior year 1,200
Legal and professional fees 8,052 8,052 8,837
Wages and salaries 33,790 14,616 48,406 60,425
National
insurance		 2,578 1,396 3,974 2,045
Pension cost 2,430 1,019 3,449 21,552
Depreciation 13,910 13,910 8,613
107,542 33,613 141.155 184,022
ANALYSIS OF EXPENDITURE BYACTIVITIES
Support
Activities costs and
undertaken governance Total Total
directly costs funds funds
2021 2021 2021 2020
8 8 8 6
Low Vision Equipmant 178,824 22.543 201,367 199,571
Rehabilitation 5,935 19,770 25,705 32,627
Children's
Services		 16,939 19,770 36,709 42,244
Emotions! and Community Support 83,292 19,770 103,062 65,233
Rural Peer Support 46,575 19,762 66,337 78,027
Technology Services 34,318 19,770 54,086 39,822
Volunteer Services 18,350 19,770 38,120 55,381
384,231 141,155 525,386 512,905

10.NET INCOME/ EXPENDITURE 2021f 2020f
The excess ofincome over expenditure is stated affer charging:
Depreciation
oftangible		 fixed assets: owned by the company 13,910 S,613
Auditors
remuneration:		 audit 4,300 4,320
Auditors
remuneration:		 non-audit 1,230 1,260
Auditors
remuneration:		 non-audit in relation to the prior year 1,200
11.STAFF COSTS 2021
f		 2020
f
Wages and salaries 386269 347315
National
insurance		 24,732 22,339
Pension costs 36,452 33,772
447.453 453425
2021 2020
No. No.
The average
monthly
number		 of employees by headcount during the year was as follows:
Office and management 2 2
Charity workers 12 12
Fundraising 2 2
Volunteer support 3 3
19 19
The average
full time equivalent		 number ofpersons
employed		 by the company during the year was as follows:
Office and management
Charity workers
Fundraising
Volunteer
support
15 14

.TANGIBLE FIXEDA SSE TS Furniture
Freehold Leasehold fittings and
property improvements equipment Total
6 F F 6
Cost
As at 1 April 2020 217,634 16,732 126,769 361,135
Additions 38,348 38,348
As at31 March 2021 217,634 16,732 165,117 399,483
Depreciation
As at 1 April 2020 49,241 9,935 113,819 172,995
Charge for the year 2,652 1,611 9,647 13,910
As at 31 March 2021 51,893 11,546 123,486 186,905
Net book value
As at 31 March 2021 165,741 5,186 41,651 212,578
As at 31 March 2020 168,393 6,797 12,950 188,140
The freehold
property		 is situated at 167Green End Road, Cambridge. The property is used as the Compan//s
headquarters
and provides		 improved facilities to assist blind and partially sighted people in the Cambridge
area.
.FIXEDASSET INVESTMENTS
Portfolio Cash Total
6 6 6
Nlarket value
As at 1 April 2020 343,365 42,671 386.036
Additions 133.133 133,133
Disposal proceeds (93,427) (93,427)
Movement
in cash		 718,037 718,037
Revaluation 78,447 76,447
As at 31 March 2021 459,518 760,708 1,220,226
Historical cost 387,780 760,708 1,148,488

At 31 March 2021 the total ofthe charittrs future
minimum
leases was:		 lease payments
under non-cancellable		 operating
Total Total
2021 2020
6 8
Land and buildings
Less than one year 3,000 3,000
Between one and five years 4,750 7,750
7,750 10,750

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
8 6
Income from:
Donations
and legacies		 4,473 987,985 992,458
Charitable
activities		 234,424 27,501 261,925
Other trading
activities		 3,881 3,881
Investments 21,519 21,519
Total income 238,897 1,040.886 1,279,783
Expenditure
on:
Raising funds 48,926 48,926
Charitable
activities		 302,392 210,513 512,905
Total expenditure 302,392 259,439 561,831
Net expenditure
before investment		 gains/losses (63,495) 781,447 717,952
Net gains/losses
on investments		 (72,504) (72,504)
Net expenditure
before transfers		 (63,495) 708,943 645,448
Transfers
between		 funds 28,870 (28,870)
Net movement
in		 funds 34,625 680,073 645,448
Reconciliation
of		 movement in funds:
Total funds brought forward 389,335 755,701 1,145,036
Total funds carried forward 354,710 1,435,774 1,790,484