Registered nurnber: 00299291 Gnarity number: 223666 SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA Company limited by guarantee) CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Tru$t••s' r•port Independent auditors. report on the financial statements 10-14 Statement of financial activities 15 Balanco shogt 16-17 Statement of cash flows 18 Notès to the flnanclal statements 19-40
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA Company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees E Adams A Gray (appointed 29 July 20201 H Haeney E Harrod J Houston D Longman A Massam M O'Grady M Revell D Rosenberg, Chairman R Russell C Winter Company Regist9rgd Number 00299291 Charity Registered Nuiiiber 223868 Rggistorgd Office 466 Bevedey Road Hull HU5 1NF President President Mr James Dick OBE, HM Lord-Lieutenanl of the East Riding of Yorkshire Vice President- Valèrie Wood Key Management Personnel Chief Executsve - Sandra Ackroyd Services Manager- Alison Slannard Income Generation & Marketing Man8ger- Angela Gregory Independent Auditors Streets Audit LLP Chartered Accountants and Statutory Auditor Halifax House 30 George Street Hull East Yorkshire HU1 3AJ Bankers HSBC Bank plc 34 Jameson Street Hull HU13JX Page 1
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Solicitors Gosschalks Queens Gardens Dock Street Hull HU1 3DZ Investment Advisors Inveslec Wealth & Investment Limited 30 Gresham Street London EC2V &QN Page 2
SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Board of Trustees present their report and accounts for Sight Support Hull and East Yorkshire I'the Charity'l for the year ended 31 March 2021. The financial statements have been preparèd in accordance with the Companies Act 2006, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20101. A. OBJECTIVES AND AIMS Our mission is to improve and enrich the quality of life for local people al all stages of sight loss, through the provision of a wide range of support ?¢rvice3, enabling them to reach their full potential and lead independent lives. The Charity believes no one in Hull & East Yorkshire should have to face sight loss alone and every visually impaired person can enjoy the same opportunities and quality of life as those who are fully sighted. The Trustees confirm that they have referred to Charity Commission's guidance on public benefit when reviewing the Charity's objectives and activities, and are satisfied that they benefit a sufficient section of the public. B. ACHIEVEMENTS AND PERFORMANCE The year from April 2020 to March 2021 has been one of our most challenging limes in the 157 year history of the Charity due lo the coronavirus pandemic. In March 2020 the government announced a national lockdown lo protect the population from the threat of the spread of the coronavirus. In line with government regulations and to proleel all our staff, volunteers and service users Imany of whom were in a highly vulnerable category for the virus), Sight Support Hull & East Yorkshire closed ils doors on 23 March 2020 for the enforced lockdown period. None of us anticipated that we would not be able lo relum to a normal service provision more than a year later due to the various government restrictions and in order to contunue lo protect our most vulnerablè service users. The Charity had lo quickly review our services and consider what was essential 81 the time lo support our service users. Staff who could, worked from home making a variety of welfare calls and the necessary technology provision was quickly identified and provided for staff to enable home working. Where staff couldn't perform their usual roles whilst working from home, the Charity utilised the government introduced job retention scheme I'furlough scheme'l which offered a wage subsidy to eligible employers. As the pandemic progressed and it became apparent that it was going to last longer than originally expected, we took the difficult decision to make two positions at the Charity redundant due lo the roles not being viable during the pandemic. During the pandemic thousands of proactive telephone welfare calls were made to check in on service users and assess their individual support needs. We made sure that all service users had access lo essential shopping and medical supplies as many were being ordered to 'shield'. This service offer and delivery of goods continued throughout the pandemic. with a total of 173 shopping trips and 29 medication trips being made. Sight Support Hull & East Yorkshire followed all government guidelines in relation lo ensuring our venue was 'COVID secure ensuring 2 metre social distancing in 811 areas, protective screening was installed as well as additional cleaning and hand sanilisalion facilities. New slringenl sanilising regimes were Introduced for all our Charity vehic5es. Page 3
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Our offices opened again in July 2020 with minimal staff working from the office and most staff continuing to work from home. A second lockdown in November 2020 meant the Charity offices needed to close again with Fnost of the staff returning lo work from home. Staff returned to the offiS on a rola basis and services gradually and cautiously relumed lo some normality during the period April through lo September 2021. In M8rch 2020 we had 2,320 individual service users registered with Sight Support Hull and East Yorkshire including people registered as sight impaired or severely sight impaired as well as people with other eye conditions. Our main priority during the pandemic was lo ensure that these people, many of whom had additional vulnerabilities and were therefore feeling more isolated and lonelier due to 'shielding', were not forgotten. 8y making rogular food and medication deliveries and thousands of prosctivg welfarè calls we hoped lo reduce the social isolation and helped to maintain good mental wellbeing for our service users during these challenging limes. Home Vislts and Day Groups During the pandemic people were unable lo come together in groups and for those people needing lo shield, home visits were slopped. To ensure the basic needs of visually impaired people in the Hull & East Riding area were being meet and they were coping with the challenges of the pandemic physically and mentally, a number of welfare calls were made. In lolal 6,736 of these regular welfare calls were made by our Community Advice Officer ICAO) Teain who identified If any physical a5515tanGe was needed," Shopping etc and made any Feferrals lo other agencies. These calls were also supported for many by regu18r calls from volunteer telephone befrienders. Our volunteer telephone befriending project quickly recruited a number of additional volunteers who made a further 3,573 calls to offer telephone befriending, a listening ear and some good hutnour at this lime of isolation and this was one of our services we expanded during the pandemic. These phone calls became a vital lifeline for many. Community Advice Officers liaised with emergency services provided by local authorities and other agencies lo ensure all visually impaired residents of Hull & East Yorkshire were supported during this time. 361 referrals were made to other organisalions for appropriate support during this period. Our Community Advice Officer Team ensured all government regulations were followed to ensure the safety of our service users and when and where possible, adapted visits lo lake place in the garden and reduced the lime spent with each individual. 352 social distanced garden visits were conducted during this year Ilhis is less than 1110th of the number of visits usually undertaken throughout the yearl. Resources Our resource centre at Bevedey Road, Hull which usually allows people to try out a range of equipment before they purchase was not able lo operate during the last financial year, however this service was replaced by CAO'S working out in the community and providing essential equipment where possible and phone orders being tsken for equipment. Pagè 4
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Clubs and Groups Sadly, all clubs and social groups which run under our 'SocialEyes' banner had lo stop during this period due to the pandemic. We recognised the negative irllpacl this would have on people and the increased social isolation thi3 would c&u3e. A range of virtual services were created and promoted to encourage service users to keep in touch with each other and maintain good mental health. Tliebe vir ludl yiuup> included a 'SpvaKers Coriier, with regijlar guest speakers and IoGal celebriti¥& giving talks on their specialist subjects while people used a telephone conferencing facility lo dial in and take part. Regular telephone quizzes were also held as well as 'Talking Teeh, technology advice sessions on all aspects of using a5SlStive technology with a variety of experts. uther support groups such as the Cmarfes Bonnet support group run tsy Slghl Support Hull & East YorKshlre were also held via Zoom. Partner organisalions such as the Macular Society Support Group and thè Glaucoma Support Group who utilise Sight Support buildings to hold their meetings also had to Trase although contact was maintained with their members. During the early part of the pandemic Sight Support Hull & East Yorkshire submitted a successful bid for £92k for some emergency coronavirus funding from the government, administered through the National Lollery Community Fund. The project, known as 'Connect & Carè,, allowed the Charity to purchase a number of IT Tablets which had built in a Wi-Fi capability and specialist assistive sOfare lo assist people with visual impairments lo use video conferencing and voice calling technology. This software allowed Sight Support staff to support setvice users lo be able to 'connecl' with family members locally, nationally and internationally to reduce social isolation and lo share experiences In a virtual way, with some of their usual Sight Support day group friends. Funding also allowed for some art provision lo be bought in and kits were developed to post out lo participants who then received regular telephone support from the artist lo develop their creations and keep minds active during this lime. Partieipants then shared their ideas and creations utilising the video conferencing technology. A regular monthly magazine, 'In Touch, was also created and delivered lo service users. This also provided additional brain teasers and puzzles for people to have a go al and was provided in a range of formats including large print, braille and audio. Other specifie COVID funding, such as 'Tackling Inequalities, funding received from Sport England via Active Humber. was also secured during this time which allowed us lo lenlalively re-offer some of our outside exercise programmes in a limited and socially distanced way. This was facilitated by a number of trained volunteers lo assist visually impaired people lo participate in exercise and maintain social distancing. We are very grateful for funding specific to the COVID pandemic from our valued regular funders, the Sir James Reckil Charity and the Joseph and Annie Cattle Trust and also from 8 number of other sources lo support.. A counselling service for visually impaired people (Francis & Cyril Bibby Trusti. The Technical Training Offieerfs salary Ischroder Charity Trusll. Delivering Christmas meals & small gifts lo visually impaired people lJoseph Rank Benevolent Fundl. Soare Izooml licences (SMILE Foundab'onl. Page 5
SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Technology Due lo restrictions on face lo face services and possibilities, technology played a big part of everyone's life during thè pandemic and Sight Support were no different.. Durin9 the period April 2020 - March 2021 the following virtual technology support sessions have been delivered.. 19 Talking Tech sessions were held via zoom with 222 connections,. finding out hints and tips about new apps and software. 18 Speakers Corner sessions were held with 190 connections. 8 Support groups for people experiencing Charles Bonnet Syndrome with 23 connections. Visual Impairment Awareness Training Session were delivered lo 26 people. 139 technology queries were supported and 23 1..1 face lo face technology support sessions. Support¢d AG¢ommodation Sight Support Hull & East Yorkshire conb'nues lo support visually impaired tenants of all ages, who wish to live independently with low level support in 23 flats under the managing agent agreement arrangement with Places for People. During the pandemic, we adapted our support services for tenants to ensure that a regular hol meal provision wa5 available and exl¥rnal food 5upplie5 w¥ie 4IVilildble. eKlY PlU¢dLlive lelepliviie buppuit Lall helped reduce the feeling of social isolation and loneliness. Covid Vaccination Services With the introduction of COVID vaccination. we introduced a 'Vaxi Taxi, service assisting service users lo gel lo vaccination cenlres. All Sight Support staff were offered the vaccinations early in the process due to being Social C8rè workforce which enabled us to safely provide these seNices, in a socially distanced way. Partnership Working With External Agencies Working closely with local authority leadèrs and the local voluntary seNice neOrk Sight Support Hull & East Yorkshire developed an agreement to conduct arid process Disclosure and Barring Service IDBSI checks for new volunteers. Local support hubs using these volunteers provided vital services lo the wider community lo ensure that vulnerable people were protected during the pandemic. Peer support was also offered and gained through the nation81 Visionary Support Network which provides services for all sight loss organisalions. Sight Support Hull & East Yorkshire delivered some best practice workshops in how lo sel up and run a volunteer telephone befriending service. C. FINANCIAL REVIEW Our income has been significantly impacted by the Coronavirus Pandemic. The cancellation of Day Cenlres and more importantly, the cancellation of all face lo face fundraising activities during the year, including all street and store collections 2nd events, has resulted in a subslanlial fall in income. This. together with a fall in leg2cies of £135,611, has resulted in a reduction in income of £215,470. However, the Charity has received support from the Government which has helped significantly and fuHough grants of £86,754 received in the year., reduced the fall in income to £128,716. Total income for the year has fallen by 21 /0 10 £479,95712020 - £808,673). Beech Holme Court income increased by 80/0 from £165,993 to £179,079, and the expenditure increased by 50A from £160,831 to £169,089. The was a nel surplus on this service of £8,25812020 - £5, 1621. Page 6
SIGHT SUPPORT HULL AND EASTYORKSHIRE (A company limited by guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 The outbreak of the Coronavirus Pandemic and subsequent lockdown in March 2020 saw a fall in value of the investment portfolio al 31 March 2020. During this year the markets have recovered and the portfolio has increased in value by £271,044, however, the investment income decreased in the year by £16,429, from £73,132 10 £56,703. The increase in the portfolio value of £271,044, takes the deficit for the year of £191,431 12020 - £148,729) to an overall surplus of £79,61312020 £237,398 deficill. 11 is anticipated that as lockdown restrictions ease, the Charity will re-eslablish the regular services and income frotn these 50uri¢¥ wliiLII LuiiiiiiviILe duiiiig tlie next fiiiaiicial year. Although this has been a very difficult year, the Charity remains financially sustainable due lo good financial management and sufficient reserves, which will be used as necessary during this period lo cater for the income loss. Reserves Policy and Financial Commltment The Charity is commilled to providing long term sustainable services and is heavily reliant upon ils investment income to enable il to deliver these services. The Trustees therefore consider it necessary lo continue lo hold a high level of reserves lo maintain the current level of investment income. This decision S made In a climate ol continued volatility in the investment markets with the resultant uncertainty about future return5. The reserves are intended lo ensure continuity of operations, which is essential for an operational Charitable Company providing valuable services to the community. The Trustees regularly review the value of reserves and are 5atlsfied that this Policy is currently enabling the Charity lo maintain ils level of services. Except for funds representing specific gifts, all other funds are unrestricted. These are divided into Designated Funds comprising a Development Fund, which has been created by the Board of Trustees lo ensure that services can be maintained for the foreseeable future, detsils of which are shown in the notes to the Accounts under Accounting Policies and note 18, and a General Fund, being the cumulative operating performance of the Charity. Both funds provide freè reserves of at least 12 months unreslricled expenditure, providing sufficient funds lo cover the welfare and service costs, and the cost of managing and promoting the Charity. Based on this the Charity is able lo prepare its financial statements on a going concern basis. Risk Management The Trustees consider that the major risk the Charity faces is financial, which is managed by the Board of Trustees reviewing the financial slalemenls on a Iwo-monthly basis as well as regular reviews from a financial subcommittee and also ctsmplemenled by twice yearty reviews with our external investment manager. As part of its longer term strategic planning, the Board of Trustees continues lo work towards a sustainable financial basis for the Charity while maintainirig service levels. Investment Policy The Board of Trustees is responsible for the investment of funds in excess of current requirements which are held in Investments aulhorised by law as investments for trust funds. As permilled by the Charity's Memorandum and Articles of Association, the Board of Trustees has given the Investment Managers, Inveslec Wealth & Investment Limited discretion to manage the portfolio on the low side of medium risk and a target return of £85,000 p.a. During the current year Investec We8lth & Investment Limited achieved a relum of £56,703. Page 7
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 D. FUTURE PLANS Sight Support will re-eslablish our rular services which we know have been severely missed by our service users. A large proportion of our service users were in the 'extremely vulnerable, category for COVID with many h2ving 2dditicJn21 hp.alth rnnditinns n prnhlpms with mobility. WÈ récognisè that in some casès th&sé conditions will have delerioraled over the past 15 months of isolation 8nd lack of movement. We also recognise that this coupled with a lack of opportunities lo market our activities and services lo potential new service users may see a slight decline in demand for setvices in the immediate aftermath of COVID until we can proactsvely promote services again and build our client base back up. Some of our work on measuring the impact of our services has also demonslraled that many of our service users have lost confidence during the pandemic and feel more isolated now th8n they did before the pandemie. We rèalise that we have lo offer more services and more support lo encourage people lo re-engage with services and build confidenTr levels up again. We also recognise that people may be reluclanl to attend fund raising events however a full range of fundraising events will be plannèd. Also new ways of generating funds will be actively pursued during the next financial year to recoup some of the lost fundraising income due to the pandemic. E. STRUCTURE, GOVERNANCE AND MANAQEMENT Governing Document The Charity is a company limited by guarantee governed by ils Memorandum and Articles of Association. 11 is a registered charity with the Charity Commission. The liability of the members in the event of the Charity being wound up is limited lo a sum not exceeding £10. Method of Appointment OT Election Of Trustees Potential new Trustees complete a detailed applicati'on form and interview prOsS designed to identify the key skills and experiences they are able lo bring to the Charity. The appointment of a new Trustee is made by majority vole at a quorale meeting of the Board of Trustees. Once appointed, Trustees are put forward to be elected by members al the subsequent Annual General Meeting and submitted for re-èlection every three years thereafter. Policies Adopted for the Induction and Training of Trustees After 8ppointment, new Trustees are provided with a range of information lo support them in their role as a trustee. New Trustees receive an induction covering the statutory responsibilities ol Iruslees, the main documents which set out the operational framework ol the Charity including the Memorandum and Articles of Association, the funding structure of the Charity and future plans and objectives. Trustees are kept up lo dale through regular updates al each Board Meeting. Organisation The composition of the Board of Trustees is regularly reviewed lo ensure an appropriate level of skills and expertise is available lo the Charity. The Board normally meets six limes per year. A Chief Executive is appointed by the Trustees to manage the day to day operations of the Charity. To lacililale effective operations, the Chief Executive, together with other members of the Senior Management Team, have delegated authority for operational mallers including finance and employment. Page 8
SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Pay Policy for Senior Staff The key management personnel of the Charity, who are considered lo be the Board of Trustees and the Senior Management Team, are in charge of directing and controlling, running and operating the Charity on a day to day basis. All directors giva thair tim8 fr001y and no director recéivèd rémuneration for their serviceg to tho Charity in the year. Details of directors, expenses and related party transactions are disclosed in note 9 to the accounts. The pay of the senior staff is reviewed annually, as for all paid employees of the Charity. Salary increases in excess of any general cost of living award are only made where an individual's responsibilities have changed significantly. Trustees Responsibillties in Relation to the Accounts The Trustees (who are Directors of the company for the purposes of company lawl are iesponsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standardb Iuriited Kiiiyduiii Geii¥idlly AGG¥Pted AGcounting PractlGel. The law applicable to charities in England and Wales requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the stale of affairs of the Charity and of ils incoming resour$ and application of resources for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and apply them consislenlly., observe the methods and principles of the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial stslemenls., and prèpare the financial statements on the going conrn basi5 unless 11 is inappropriate lo presume that the charity will continue In operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the Charity and lo enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure to our auditors As far as the Trustees are aware, there is no relevant audit information of which the charity's auditors are unaware. Each of the Trustees has taken all steps that he ought to have taken as a Trustee in order to make himself aware of any relevant audit Information and lo estsblish that the company's auditors are aware of that information. Approved by order of the members of the board of 28 September 2021 and signed tsn their behalf by.. Trustees on D Rosenberg Chairman Page 9
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE Opinion We have audited the financial st8lemenls of Sight Support Hull and E8St Yorkshire Ilhe 'charily'l for the year ended 31 March 2021 which comprise the Slalemenl of financial activities, the Balance sheet, the Statement of cash flows and the related notes, 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 8pplicable in the UK and Republic of Ire18nd' Iuniled Kingdom Generally Accepted Accounting Practi1. In our opinion the financial slatemenls.. give a true and fair view of the state of the charitable company'5 affairs as al 31 March 2021 and of its incomino resources and application of reSoUrs. including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial stslements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfjlled our other ethical responsibilities in accordanee with thesè 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 slalements, 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 doubl on the charitable company's ability lo continue as a going eoncern for a period of al 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. Page 10
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE {CONTINUED) Other information The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors. report Ihereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financisl gtatamènts, our rosponsibility is lo re2d the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, 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 18 a m8terial mi33tatement of thio Other information, we arc required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribgd by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. report for the financial year for which the financial statements are prepared is consislenl with the financial slalements. the Trustees. report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of our knowledge and understanding of the charitable company and ils environment obtsined 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 Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement with the aOUntIng records and returns., or certain disclosures of Trustees, remuneration specified by law are not made., or wè have not received all the information and explanations we require for our audit., or the Trustees were not enlilled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees. report and from the requirement lo prepare a Strategic report. P8ge11
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA eompany limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE ICONTINUEDI Responslblllties of trustees As explained mofe fully in the Trustees. responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible tor the preparation ot the linancial slalemenls and for being satisfied that they give a true and fair view, and for such internal Control as the Trustees determine is necessary lo enable the preparation of financial slalemenls that are Iree from material misslatemenl, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Page 12
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE (CONTINUED) Auditors. responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from rllalerial misslalernent, whether due lo fraud or error. and to issue an Auditors, 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 IUKI will always delecl a material misslatemenl when it exists. Misstslements 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 slalements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misslatemenls in respect of irregularities, including fraud. The exlenl to which our procedures are capable of detecting irregularities, including fraud Is dctailcd bclow.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competen, capabilities and skills to identify oi- reGo91iii¥ 11011-Guiiiplidiiue willi dypIiLiibl¥ Itswb i*iid regulations, we identified the laws and regulations applicable to the charitable company through discussions and from our commercial knowledge and experience of the charitable company, the sector in which il operates and the services il provide5', we focused on specific laws and regulations which we eonsidered may have a direct materi81 effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, tsxalion legislab'on, data protection, anti-bribery, employment, environmental and health and safety legislation., we assessed the extent of compliance with the laws and regulations idenlif5ed above through making enquiries of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instanees of non-eompliance throughout the audit. Vve assessed the susceptibility of the company's financial statements lo material misstalemenl, including obtaining an understanding ol how fraud might occur, by". making enquiries of management as to where they considered there was suSpIlb1llty lo fraud, their knowledge of actual, suspected and alleged fraud., and considering the internal controls in place to miligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical prOdureS lo identify any unusual or uriexpected relationships,. tested journal entries lo identify unusual Iransaclions", and verified the existence of the members and entities with which the charitable company has traded. In response to the risk of irregularities and non<ompliance with laws and regulations, we designed procedures which included, but were not limited to. agreeing financial slalemenl disclosures to underlying supporting documentation.. enquiring of management as lo actual and potential litigation and claims., and reviewing correspondence with HMRC, relevant regulators and the charitable company's legal advisors. Page 13
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE ICONTINUEDI There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Iransaclions, the les5 likely il is that we would become aware of non-compliance. Auditing standards also limit thè audit procedures required lo identify non-compliance with laws and regulations to enquiry of the direvloib *arid vlliei lildllciy¥iiiei)I ciiid tlie insp¥Gtion of regulatory and legal Gorrespondence, if any. Material misslalements that arise due Its fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .ukJauditorsres onsibililies. This description forms part of our Auditors, report. Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members ihose matiers we are required to state to them In an Audltors. report and for no other purpose. To the lullesl extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils members, as a body, for our audit work. for this report, or for the opinions we have formed. Robert Anderson (Senior statutory auditor) for and on behalf of Streets Audit LLP Chartered Accounlanls and Statutory Auditor Halifax House 30 George Street Hull East YoTkshire HU1 3AJ Date. 7 October 2021 Page 14
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantèe) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Note Income from: Donations, grant5 and legacies Charitable activities Investments 147,910 182.222 56.703 13.058 80,064 227.974 182.222 56.703 13.058 2T5, S60 206.310 73, 132 53,571 other income Total income 399.893 80,064 479.957 608,673 Expenditure on: Raising fvnd5 Charitable activities 74,787 512,776 74,787 596,601 104.808 652,594 83,825 Total expèndlture 587,563 83,825 671,388 757,402 Net expenditure before net gain$lllo$se$} on investments Nel gainslllossesl on investments 1187,6701 271,044 13,7611 1191,4311 271,044 (748, 729) (88.669) Net movement in funds Reeonciliation of funds: Total funds brought forward Nel movement in funds 83,374 13,7611 79,613 (237,398) 2.444.357 83.374 17.671 {3.7611 2.462,028 79,613 2,699,426 (237,398) Total funds carried forward 2.527,731 13.910 2.541,641 2,462, 028 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 19 to 40 form part of these financial slalements. Page 15
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guaranteel REGISTERED NUMBER.. 00299291 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets Investments 13 285,097 2.272,764 330, 787 2,074,501 14 2.557,861 2,405.288 Current assets Stocks 15 1G 11.158 25.747 32.155 11,918 t7,880 68.925 Debtors Cash at bank and in hand 69.060 98. 731 Creditors.. amounts falling due within one year 17 185.2801 (41.991) Net current Ilabilities l assets {16.2201 56.740 Total assets less current liabilities 2.541,641 2,462,028 Net assets excludin9 pension asset 2,541.641 2,462.028 Total net assets 2.541,641 2.462.028 Page 16
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guaranteel REGISTERED NUMBER: 00299291 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2021 2021 2020 Note Charity funds Restricted funds 18 18 13,910 2.527,731 17,671 2,444,357 Unrestricted funds Total funds 2.541,641 2,462,028 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financial -talomcnts werc approvcd and authoriocd for by the Trustees 28 September 2021 and signed on their behalf by". on Rosenberg Chalrman The notes on pages 19 to 40 form part of these financial slalements. Page 17
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Cash flows from operating activities Nct cash u- 7cd in opcmling a¢livitic 1166,2641 (185,275) Cash flows from Investlng actlvlties Invèstment income Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash wilhdmwn from investment portfolio 56,703 73, 132 1,100 (26,531J 184,089 72,781 Net cash provided by investing activities 129,484 231,790 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year {36,770} 68,925 46,515 22,410 Cash and cash equivalents at the end ofthe year 32,155 68,925 The notes on pages 19 to 40 fomi part of these financial statements Page 18
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General information Sight Support Hull and East Yorkshire Ilhe charilyl is a limited company by guarantee incorporated in England and Wales and a registered charity. The charity's registered office is al 466 Beverley Road, Hull, England, HU5 1 NF. The chanty's prlnclpal aclivlty 15 to help and 5UPPOrt people with sight Ios5. Accounting policie$ 2.1 Basis of preparation of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities." Stalèmenl of Recommended Practice applicable lo charities preparinq their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Sight Support Hull and East Yorkshire 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 slated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. The recognilicin of income from legacies is dependent on establishing enlillemenl, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of enlitlemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left lo them (through knowledge of the existence of a valid will and the death of the benefaclorl and thè executor is satisfied that the propety in question will not be required lo satisfy claims in the e51ale. ReIpl of a legacy musl be recognised when il is probable that il will be re1Ve and the fair value of the amount reIvable, which will generally be the expected cash amount lo be distributed lo the Charity, can be reliably measured. Grants are included in the Slalemenl of financial activities on a receivable basis. The balance of incorne received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of enlillemenl of receipt, ils recognition is deferied and included in creditors as deferred income. Where enlillemenl occurs before Income is received, the income is accrued. Other income is recognised in the period in which il is receivable and to the exlenl the goods have been provided or on completion of the service. Page 19
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policie$ Icontinuedl 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 8 third paty, il is probable that a Iransfef of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. includinq support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not 8ttributable to 8 single activity are apportioned between those activities on a basis consislenl with the use of resource5. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for its charitable purposes and includes costs of all fundraising activities events and non-ch8rilable trading. Expenditure on charitsble activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support eosts. All expenditure is inclusive of irrecoverable VAT. 2.4 Government grants Government grants relating to tangible fixed assets are treated as deferred income and released lo the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited lo the Statement of financial activities as the related expenditure is incurred. 2.5 Tangible fixed a$$gts and depreciation Tangible fixed assets costing £1,000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of c05t. Page 20
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (continued} 2.5 Tangible fixed assets and depreclation leontinuedl Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the slraight-line method. Depreciation is provided on the following basis". Freehold propety Motor vehicles Fixtures 2nd fittings Computer equipment 2Q 15,/0 330 The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparin9 the proGeed5 With the Garrying aniount and are recognised in the Statement of financial activities. 2.6 Investments Fixed asset investments are a form of financial inslrutnent and are initially recognised at their transaction Cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less Impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on inveslmenls, in the Statement of financial aclivilies. 2.7 Stocks Stocks are valued al the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost represents the direct cost of the purchase of stock. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepaymènts are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash al bank and in hand represents monies held in current and savings accounts with insL9nl access and petty cash. 2.10 Liabilities Liabilities are recognised when there is an obligation al the B8lance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required In setllemenl. and the amount of the settlement can be estimated reliably. Liabiliii'es are reeognised at the amount that the Charity anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or seNices it must provide. Page21
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinuedl 2.11 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 81 transaction value and subsequently measured at their selllèmenl value. 2.12 Fund accounting General funds are unreslricled funds which are available for use al thè discretion ol the Trustees In furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been sel aside by the Trustees for part.icular purposes as follows.. The development fund has been designated by the board of Trustees lo ensure that the Charity can -tment income maintain planncd dcv¢lopm¢nt of it- kn¥crviccs for thc fOreeeab1e future from inve- supplemented, il necessary, by the sale of inveslmenls. The fund is increased by the value of legacies received and accomodales charges in the value of all investments and Is reduced annually by a lonsfer, if required, lo the general fund to cover any deficit for the year. Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use ol each restricted fund is set out in the notes lo the financial statements. Investment incorne, gains and losses are allocated to the appropriate ftjnd. Critical accounting estimates and areas of Judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnces. Critical accounting eslimales and assumptions.. The Charity makes estimates and assumptions concerning the future. The re5ulling accounting eslimales and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a signifi'cant risk of causing a material adjuslmenl lo the carrying amounts of assets and liabilities within the next financial year are discussed below. Tangible fixed assets are recognised al c05t or valuation less accumulated deprèciation and any impairment. Depreciation lakes place over the eslimaled usefvl life down lo the assessed residual value. The carrying amount of the charity's fixed assets is tested as soon as changed conditions show that a need for impairment has arisen. Page 22
SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donations. grants and legacigs Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Donations Legacies Grants Coronavirus Job Retention Scheme 23,288 7,772 30,096 86,754 23.288 7,772 110,160 86.754 80,064 147,910 80,064 227,974 UrJigblriLlvd Tulttl funds 2020 funds 2020 funds 2020 Donations Legacies Grants 35,227 143,383 15,706 35,227 143,383 97,050 81.944 193,716 81,944 275, 660 Page 23
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from eharitable activities Unrestricted fuiids Total fund5 2021 2021 Beech Holme Court Catering Income Day Group 179,079 3,143 179.079 3,143 182,292 182,222 unstricted funds Total fvnd8 2020 2020 Beech Holme Court Catering Income Day Group 165,993 17,034 23,283 165, 993 77,034 23,283 206,310 206,310 Investment Income Unrestricted funds 2021 Total funds 2021 Investment Income 56,703 56,703 Unrgstricted funds 2020 Total funds 2020 Investment Income 73, 132 73.132 Page 24
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Other incoming resources Unrostricted funds Total funds 2021 2021 Other Incoming Resources 13,058 13,058 Unrestricted fijnrj. Total fiinds 2020 2020 Other Incoming Resources 53,571 53,577 Page 25
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Expenditure on raising funds Fundraising trading expenses Unrestricted funds 2021 Total funds 2021 Direct costs Support costs Wages and salaries National insurance Pension costs 17,783 8,957 43,877 3,173 2,997 17,783 6.957 43,877 3.173 2,997 74,787 74,787 Unreslricled fvnds 2020 Total funds 2020 Direct costs 29,137 11,141 64, 536 29,731 71,741 64,536 Support costs Staff Costs 104, 808 104, 808 Page 26
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expenditure by activities Activities undertaken directly 2021 Support costs 2021 Total funds 2021 Vvelfare and Services 307,822 154,127 119,690 14,962 427,512 169,089 Beech Holme Court 461,949 134,652 596,601 Actsvities undertaken directly 2020 Support costs 2020 Total funds 2020 Welfare and Services Beech Holme Court 305, 880 138,448 185.883 22,383 491, 763 160,831 444,328 208.266 652,594 Analysls of direct costs Beech Holme Court 2021 Welfare and Services 2021 Total funds 2021 Staff costs Other direct costs 231,019 76,803 24,886 129,241 255,905 206,044 307,822 154,127 461.949 Page 27
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarante91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expenditure by activiti9$ (continued) Analysis of direct costs {¢ontinuedl Wglf2re and Beech Services Holme Court 2020 2020 Total funds 2020 Staff costs 11S.Y4U 86,940 I,940 225,388 Other direct costs 138,448 305.880 138,448 444,328 Analysis of support costs B•gch Holme Court 2021 Welfare and Services Totsl funds 2021 2021 Staff costs 64,032 55,658 8,005 6,957 72,037 62.615 Other support costs 119,690 14,962 134,652 Welfare 8nd Beech Seryices Holm8 Court 2020 2020 Total funds 2020 Staff costs Other support costs 89, 942 95,941 11,242 11,141 101.184 107,082 185,883 22,383 208,266 Page 28
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Auditors. remuneration 2021 2020 Fees payable lo the Charity's auditor for the audit of the Charity's annual accounts 4,500 6,480 11. Staff costs 2021 2020 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 353.425 14,351 10,213 357, 180 17,240 10,240 377.989 384, 660 The average number of persons employed by the Charity during the year was as follows". 2021 No. 2020 No. Total 25 29 No employee received remuneration amounting lo more than £60,000 in either year. The total amount of benefits lincluding employer pension contributions and employer national insurance conlribulionsl reeeived by key management personnel for their servi$ lo the charity was £115,000 12020 - £110,0001. 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2020- £NILJ. During the year ended 31 March 2021, no Trustee expenses have been incurred (2020- £NIL). Page 29
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Tangible fixed assets Freehold property Motor Fixtures and vehicles fitting$ Computgr equipment Total Cost or valuation Al 1 April 2020 Disposals 557.270 137,352 220,792 (64,8111 14,541 1681 929,955 {64,8791 At 31 March 2021 5S7,270 137,352 155,981 14,473 865,076 Depreciation Al 1 April 2020 Charge for the year On disposals 324.381 8.388 88.S79 17,000 175,936 17.503 163.8511 10.272 1,798 {27} 599.168 44,689 163.878) Al 31 March 2021 332,769 105.579 129,588 12,043 579.979 Net book value At 31 March 2021 224,501 31.773 26.393 2,430 28S,097 At 33 March 2020 232,889 48, 7T3 44,856 4.269 330. 787 Page 30
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Fixed a$$et investments Investment portfolio Cost or valuation Al 1 April 2020 Disposals Revaluations 2,074,501 (22,3421 220,605 At 31 March 2021 2,272,764 Net book value At 31 March 2021 2.272.764 At 31 March 2020 2,074,507 The overall disposal value in the year represents the net effect of cash transferred from the portfolio, the gainsllosses on disposal of investments in the year and other income and eharges arising from the holding of investments. The change in market value represents the overall change in the valuation of investments held and the investment management Gharges in the year paid out of the portfolio of £13.460. 2021 2020 Investments are represented by: UK Fixed Interest Overseas Fixed Interest UK Equities Overse2s Equities Emerging Economies UK Property Allernalive Assets Cash 296,380 97.258 694.278 766,471 49,035 94,015 246,291 29,036 249,979 99,478 586.360 629,072 92,488 266,545 150.639 2,272,764 2,074,501 Page 31
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Stocks 2021 2020 stock 11,158 Y1,918 16. Debtors 2021 2020 Due within one year Trade debtors Other debtors Prepayments and accrued income 5.112 8,167 12,468 6, 105 1, 737 10,046 25,747 77,888 17. Creditor8- Amounts falling du9 Within one year 2021 2020 Trade creditors other taxation and social security Other creditors Accruals and deferred income 2,047 4.312 437 78,484 19,193 5,727 2,09T 14,974 85,280 41,991 2021 2020 Deferred income al 1 April Resources deferred during the year Amounts released from previous periods 2, 776 69.878 (2, 776) 69.878 Income deferred in the year relates to grant income received in advance. Page 32
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds Statement of fund$ - ¢urrent year Balance at 31 March 2021 Balance at 1 April 2020 Transfers inlout Gainsl {Lossesl Income Expenditure Unrestrleted funds Deslgnated funds Uesignaled Development Fund 2,444.357 7,772 113,0021 (182,4401 271,044 2,527.731 General funds General Funds 392.121 {574.5611 182.440 Total Unrestricted funds 2,444,357 399.893 1587,5631 271,044 2,527,731 Page 33
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds Icontinuedl Balance at 31 March 2021 Balance at 1 April 2020 Transfers inlout Gainsl (Losses) Income Expenditure Restrictgd funds Liz and Terry Bramall Foundation The Rank Foundation 5.575 11,4871 4,088 446 11071 339 Reaching Communities Lollery Funding Anna Marla Charitable Trust SocialEyes Coordinator 11.650 (2,167) 9,483 10,000 110.000} Connect & Care Grant Schroder Charity Trust The Frances and Cyril Bibby Bequest 67,813 167,613) 2,351 {2.351} 100 11001 17,671 80,064 183.8251 13.910 Total of funds 2,462,028 479,957 1671,3881 271.044 2,541,641 Page 34
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds Icontinuedl The designated development fund has bèen designated by the Board of Trustees as a development fund lo ensure that the Charity can maintain planned development of ils services for the foreseeable future. The general fund preSentS the free fund5 of the Charity which are not designated for parti¢ul8r purposes. Reslicted Funds.. Liz and Terry Bramall Foundation - Grant lo cover the cost of CCTV which will be expended over a number of years as the capital cost is depreciated. The Rank Foundation Grant to cover the c051 of a barialric chair which will be expended over a number ul yedlb IIIE ¢¢lPitdl depieGi¢iled. Reaching Communities Lollery Fund - Lottery fvnding to cover various SocialEyes costs, together with the Cost of a minibus which is being depreciated over ils estimated useful life. Anna Maria Chantable Trust SocialEyes Coordinator- (Jrant received to cover salary costs. Connect & Care Grant - Grant received to assist in providing services during the pandemic and to adapt lo working virtually. Schroder Charity Trust- Giant received to cover salary costs. The Frances and Cyril Bibby 8equest- Grant received lo assist in providing counselling services. Page 35
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds (continued} statemgnt of fund$ prior year Balance at 31 March 2020 8818nce al l Apnl 2019 Transfers in/oul Gain (Losses) InGome Expenditure Unrestricted funds Designated funds Deslgnate(J Development Fund 2,692,364 143,383 (14.088) (288, 633) (88,669) 2,444,357 General funds General Funds 383,346 {671,979) 288, 633 Total Unrestricted funds 2,892,364 526,729 1686,0671 (88, 669) 2,444.357 Page 36
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds {continuedl BalanGe 8t 31 M8fGh 2020 Salance at 1 Apn12019 Transfers in/out G8ins/ (Lossgs) Income E¥penditure Restricted funds Liz and Terry Bramall Foundation The Rank Foundation Reaching Communities Lottery Fuiidiiiy NHS Clinical Commissioning Group Hull Social Prescribing Grant 7,062 (1,487) 5.575 500 (54) 446 44,6TS {33,U26) 71,650 18,415 (18,415) Anna Maria Charitable Trust SocialEyes Coordinator Joseph Rank Benevolent Fund Job Retention Scheme Job Centre - Access lo work scheme 10,000 (10,000) 600 (600) 1.73T (1. 737) 6,016 (6,016) 7,062 81,944 171,33SI 17.671 Total of funds 2,699.426 608.673 (157,402) (88,669) 2,462,028 Page 37
SIGHT SUPPORT HULL AND EAST YORKSHIRE {A company limited by guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. Summary offunds Summary offund$- ¢urrent year Balance at 31 March 2021 Balanee at 1 April 2020 Transfers inlout Gains1 (Losses) Income Expenditure Designated funds General funds Reslricled funds 2,444,357 7,772 392,121 80.064 {13,0021 1574,561} 183,825) {182.4401 182,440 Z71.044 Z,527,731 17.671 13.910 2,462.028 479,957 1671,3881 271,044 2,541.641 Summary offunds- prioryear Balance at 37 March 2020 Balance al 1 Apnl 2019 Tr8nsfers in/oul Gainsi (Losses) Income E¥penditure Designated funds General funds Restricted funds 2,692,364 143,383 383,346 81,944 (14,088) (671,979) (71,335) (288. 633) 288, 633 (88.669) 2,444,357 7, 062 17,6T1 2. 699.426 608,673 1757.402) (88.669) 2,462.028 20. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestrlcted funds 2021 Restricted funds 2021 Total funds 2021 Tangible fixed assets Fixed asset investments Current ass&ls Creditors due within one year 271,187 2,272.764 69,060 185,2801 13,910 285,097 2.272,764 69,060 185.2801 Total 2,527,731 13,910 2,541,641 Page 38
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Reconciliation of net movement in funds to net cash flow from operatlng activities 2021 2020 Net incomelexpendilure for the year las per Stslement of Financi81 Activits'esl 79,613 {237,398) Adjustments for= Depreciation charges Lossllgainl on investments Inve51menl income L055/lprofitl on the sale or rix¥LI d&beti Decrease in stocks Decreasellincreasel in debtors Increaselldecreasel in creditors 44.689 {271,0441 156,7031 1,Q01 760 17.8591 43.289 43.836 88,669 (73, 132) (7, 7UUJ 555 16,555 (23,260) Net cash used in operating aetlvlties 1166,254 (185.275) 22. Anatysis ofcash and cash equivalents 2021 2020 Cash al bank and in hand 32,155 68,925 Total cash and cash equivalents 32.155 68, 925 23. Analysis of changps in net debt At 1 April 2020 Cash flows At 31 March 2021 Cash at bank and in hand 68,925 136.7701 32,155 Page 39
SIGHT SUPPORT HULL AND EAST YORKSHIRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 24. Pension commltments The Charity has established an auto-enrolmenl pension scheme for 811 employees with effect from 1 August 2016. The Charity has also made arrangements for senior executives lo contribute to a group pprsnn81 pension scheme. The pension cost charge represents contributions payablè by the Charity to the funds and amounted lo £10,213 12020 £10,240). An amount of £437 12020 £5191 was payable to the funds at the balance sheet date and are included in creditors. 25. Related party transactions During the year a buinc- With which Trustee M O'Grady is connected provided support and gervices to the charity lotalling £14,811 {2020 £6,793). Al the year end there was a balance owing lo the busines5 tolalling £nil12020 £5271. Page 40