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





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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¢n*omplian¢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-auc*itors-
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<br>and legacies|||||||237,352|237,352|992,458|
|Charitable<br>activities||||||281,699|5,766|287,465|261,925|
|Other trading<br>activities|||||||120|120|3,881|
|Investments|||||||11,384|11,384|21,519|
|Total income||||||281,699|254,622|536,321|1,279,783|
|Expenditure<br>on:||||||||||
|Raising funds|||||||43,330|43,330|48,926|
|Charitable<br>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<br>in|funds|||||18,021|26,031|44,052|645,448|
|Reconciliation<br>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<br>Debtors|||14|4,446<br>9,922|4,446<br>13,831|
|Investments<br>Cash at bank and in hand|||15|256,250<br>149,597|356,015<br>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<br>f|
|Cash flows from operating<br>activities:<br>Net cash provided<br>by operating<br>activities||||~53.782||732.269|
|Cash flows from investing<br>activities:|||||||
|interest from investments<br>Increase<br>in investments<br>Purchase of property,<br>plant and equipment<br>Net cash provided<br>by investing<br>activities||||11,384<br>(757,743)<br>~38,348 <br>~784 787||21,519<br>(101,303)<br> ~6.194<br> ~. 85975|
|Change in cash and cash equivalents<br>period|in|the reporting||~838489||648294|
|Cash and cash equivalents<br>at the beginning||ofthe|||||
|reporting<br>period|||||1,244,336|598,042|
|Cash and cash equivalents<br>atthe end|ofthe reporting||||||
|period|||||483.847|1,244.338|
|Summary ofthe cash and cash equivalents|||at the end||||
|ot the reporting<br>period|||||||
|Cash at bank and in hand|||||149,597|888,321|
|Investments|||||256,250|356,015|
||||||405,847|1,244,336|
|Reconciliadon<br>of net income/(expenditure)|||to net cash flow|from operating|activities||
|Net income/(expenditure)<br>for the reporting||period|||44,052||
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||13,910|8,613|
|Losses/(gains)<br>on investments|||||(76,447)|72,504|
|Interest from investments|||||(11,384)|(21,519)|
|(Increase)/decrease<br>in stock||||||(373)|
|(Increase)/decrease<br>in debtors|||||3,909|11,426|
|incense/(decrease)<br>in creditors|||||(27,822)|16,170|
|Net cash provided<br>by operating<br>activities|||||53,782|732,269|





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|1.17Liabilities and provision|s||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Liabilities are recognised<br>when||there is an obligation||||||at the Balance Sheet date as aresult|||||ofa past event,<br>it is||
|probable that a transfer ofeconomic benefit||||||will be required|||in settlement,||and the amount||ofthe setfiement<br>can||
|be estimated<br>reliably. Liabilities||are recognised at the||||||amount||that the company anticipates|||it will pay|to settle|
|the debt or the amount<br>it has received|||||as advanced||payments|||for the goods or services||it must provide.|||
|Provisions are measured at the||best estimate ofthe|||||amounts|||required<br>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<br>within interest payable||||and|similar charges.||||||||||
|||||||||||Restricted|Unrestricted||Total|Total|
|||||||||||funds|funds||funds|funds|
|2.INCOME FROM DONATIONS|||AND||LEGACIES|||||2021<br>f|2021<br>8||2021<br>8|2020<br>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<br>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<br>Services||||||||||51,153|2,105||53,258|24,321|
|Emotional and Community<br>Rural Peer Support|Support|||||||||102,380<br>58,485|104<br>104||102,484<br>58,589|84,506<br>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<br>in the above is income||||from the||following:|||||||||
|Cambridgeshire<br>County Council||||||||||87,000|||87,000|87,000|
|The Enabling<br>Trust||||||||||45,000|||45,000|44,500|
|National<br>Lottery Community||Fund||||||||99,928|||99,928|68,460|
|Global's Make Some Noise||||||||||39,968|||39,968||
|Other donations<br>and grants||||||||||9,803|||9,803|34,464|
|Low vision equipment<br>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<br>INCOME|||||||||
|Events, functions<br>and raffles||||||120|120|1,721|
|Sale ofother goods and|||services|||||461|
|Centenary<br>Appeal|(including|||Friends ofCam Sight)||||1,699|
|||||||120|120|3,881|
|5.INVESTMENT INCOME|||||||||
|Rent receivable||||||||2,010|
|Investment<br>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<br>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<br>insurance|||||17,281|905|18,186|17,082|
|Pension cost|||||25,453|4,799|30,252|10,560|
|Equipment<br>purchases|||||7,729|7,924|15,653|23,970|
|Recreation<br>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,<br>postage and||stationery|||11,991||11,991|6,564|
|Advertising<br>and PR|||||4,740||4,740|1,378|
|Telephone|||||8,479||8,479|6,488|
|Accountancy fees||||||3,000|3,000|6,000|
|Auditors<br>remuneration:||audit||||4,300|4,300|4,320|
|Auditors<br>remuneration:||non-audit||||1,230|1,230|1,260|
|Auditors<br>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<br>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<br>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|



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





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## 

|.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<br>property|is situated at||167Green End Road, Cambridge.||The property|is used as the|Compan//s|
|headquarters<br>and provides||improved|facilities to assist blind and partially sighted people in the Cambridge<br>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<br>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|



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|At 31 March 2021 the total ofthe charittrs future<br>minimum<br>leases was:|lease payments<br>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|



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