**Registered number: 00299291 Charity number: 223668**
# **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1 - 2|
|**Trustees' report**|3 - 8|
|**Independent auditors' report on the financial statements**|9 - 13|
|**Statement of financial activities**|14|
|**Balance sheet**|15 - 16|
|**Statement of cash flows**|17|
|**Notes to the financial statements**|18 - 38|
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
|**Trustees**|E Adams|
|---|---|
||A Gray|
||H Haeney|
||E Harrod|
||J Houston|
||D Longman|
||A Massam|
||M O'Grady|
||M Revell|
||D Rosenberg, Chairman|
||R Russell|
||C Winter|
|**Company Registered**
**Number**
00299291
**Charity Registered**
**Number**
223668
**Registered Office**
466 Beverley Road
Hull
HU5 1NF
**President**
President - Mr James Dick OBE, HM Lord-Lieutenant of the East Riding of
Yorkshire
Vice President - Valerie Wood
**Key Management**
**Personnel**
Chief Executive - Sandra Ackroyd
Services Manager - Alison Stannard
Income Generation & Marketing Manager - 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
3-4 Jameson Street
Hull
HU1 3JX||
Page 1
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
**(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Solicitors**
Gosschalks Queens Gardens Dock Street Hull HU1 3DZ
**Investment Advisors** Investec 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 2022**
The Board of Trustees present their report and accounts for Sight Support Hull and East Yorkshire (“the Charity”) for the year ended 31 March 2022. The financial statements have been prepared in accordance with the Companies Act 2006, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **A. OBJECTIVES AND AIMS**
Our mission is to improve and enrich the quality of life for local people at all stages of sight loss, through the provision of a wide range of support services, 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 person with a visual impairment 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 2021 to end March 2022 was another challenging year for the Charity due to the ongoing restrictions and challenges of living with the COVID 19 pandemic. During this period, lockdowns were lifted and reintroduced due to the varying numbers of positive COVID cases.
Sight Support HEY continued to work within all government guidelines to ensure we were operating in a COVID secure manner. Staff returned to the offices initially working in small numbers and on a rota basis to maintain social distancing and avoid potential spread of the virus.
Social interactions with groups of services users were also limited and fundraising opportunities and events were very restricted; thus having a significant impact on fundraising income generation.
We continued to utilise the government furlough scheme for staff returning to work on a part time basis throughout this period.
In March 2022 we had 2,114 individual service users registered with Sight Support Hull and East Yorkshire services including people registered as sight impaired or severely sight impaired as well as people with other eye conditions.
The pandemic had a significant impact on people’s isolation, mental health as well as their mobility so virtual services continued to be offered during the gradual reopening of face to face services. When restrictions were lifted some people were very apprehensive about going out in public, therefore services were reintroduced cautiously and with sensitivity to staff and service users concerns.
Page 3
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **Home Visits and Day Groups**
Our day groups returned to face to face session on a gradual basis from June 2021 and at reduced capacity to ensure social distancing measures were still adhered to. Many people were delighted to be back mixing with old friends due to increased social isolation but some were also still apprehensive.
Our Community Advice Officers conducted a total of 1,427 face to face visits and a further 3,363 telephone welfare calls were made including support with 170 benefit applications.
164 referrals were made to other sources of assistance such as the sensory team, talking books and vision assessments.
Telephone befriending was a particularly important service during these difficult times, 3,191 calls were made by 22 befrienders supporting 116 service users during this period.
## **Resources Centre**
Our resource centre opened, on an appointment only basis in May 2021 so that contacts within the day could be effectively managed; the opening hours were gradually increased during the period up to September 2021.
## **Clubs and Groups**
The range of virtual clubs continued throughout the early part of the year whilst encouraging a safe and gradual return to clubs and groups. Indoor tennis restarted in a safe and secure way as well as socially distanced indoor exercise activity specifically for those with visual impairments.
Other virtual groups continued, including a ‘Speakers Corner’ with regular guest speakers and local celebrities giving talks on their specialist subjects while people used a telephone conferencing facility to dial in and take part. Regular telephone quizzes were also held as well as ‘Talking Tech’ technology advice sessions on all aspects of using assistive technology with a variety of experts and an audio book club which all helped to encourage people to keep in touch and maintain good mental health.
Supported walking and running groups continued throughout this period with sighted guides available to support visually impaired service users. A lot of these took place within specific premises including athletic tracks to enhance the safety for people with visual impairments.
Due to the pandemic restrictions, some groups could not meet and cancellations occurred due to tutors having COVID. Consequently, some specific COVID funding was carried forward until face to face activities could restart safely.
Partner organisations such as the Macular Society Support Group restarted face to face at our premises in September 2021 and the Glaucoma Support Group in April 2022.
Page 4
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **Technology**
Due to the pandemic restrictions on face to face services, technology played a big part in everyone’s life and Sight Support was no different:
During the period April 2021- March 2022 the following virtual technology support and face to face sessions were delivered:
- 23 Talking Tech sessions were held via zoon with 249 connections; finding out hints and tips about new apps and software.
- 21 Speakers Corner sessions were held with 122 connections to 12 different people.
- 6 Support groups for people experiencing Charles Bonnet Syndrome.
- 3 Visual Impairment Awareness Training Sessions were delivered to 17 people.
- 112 technology queries were supported.
- 22 individual face to face technology support sessions were delivered.
- 75 home technology visits have been made since July 21.
## **Partnerships**
A number of successful partnerships have been developed during the last 12 – 24 months which have become very beneficial, to help support our service users sustain good mental health, physical health and wellbeing. These include partnerships with other local charities such as FitMums and Friends and Artlink.
## **Supported Accommodation**
Sight Support Hull & East Yorkshire continues to support visually impaired tenants of all ages, who wish to live independently with low level support in 23 flats acting as the managing agents for Places for People.
## **C. FINANCIAL REVIEW**
Our income for the year has increased by 12% from £479,957 to £537,185, however, our income continues to be affected by the Coronavirus Pandemic. The Charity has continued to receive support from the Government and furlough grants of £37,020 were received in the year (2021 - £86,754).
We have been able to restart some of our activities and although this has been very limited, the income from day groups and fund raising has increased from £7,802 to £35,793, however, this is still almost 50% lower than the previous year’s average income, and it is anticipated that the Charity will continue to increase the regular services and income should improve in the next financial year.
The main increase in income relates to legacies received in the year of £128,424 (2021 - £7,772), for which we are extremely grateful.
Beech Holme Court income decreased by 4% from £179,079 to £171,887, and expenditure reduced slightly, resulting in a net surplus of £4,217 (2021 - £9,990).
During the year the markets have recovered slightly from the Coronavirus Pandemic, but have been negatively affected by the war in Ukraine. There was a small increase in investment income, and also an increase in the portfolio value of £113,536 (2021 - £271,044). This increase in the portfolio value has reduced the deficit in the year of £129,185 (2021 - £191,431) to a deficit of £15,649 (2021 - £79,613 surplus).
Although this has been another difficult year, the Charity remains financially sustainable due to good financial management and sufficient reserves, which will be used as necessary during this period to cater for the loss of income.
Page 5
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **Reserves Policy and Financial Commitment**
The Charity is committed to providing long term sustainable services and is heavily reliant upon its investment income to enable it to deliver these services. The trustees therefore consider it necessary to continue to hold a high level of reserves to maintain the current level of investment income. This decision is made in a climate of continued volatility in the investment markets with the resultant uncertainty about future returns. The reserves are intended to 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 satisfied that this policy is currently enabling the charity to maintain its 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 to ensure that services can be maintained for the foreseeable future, details of which are shown in the notes to the Accounts under Accounting Policies and note 14(b), and a General Fund, being the cumulative operating performance of the Charity. Both funds provide free reserves of at least 12 months unrestricted expenditure, providing sufficient funds to cover the welfare and service costs, and the cost of managing and promoting the Charity. Based on this the Charity is able to 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 statements on a bi-monthly basis, regular reviews from a financial subcommittee and twice yearly reviews with our external investment manager. As part of its longer term strategic planning, the Board of Trustees continues to work towards a sustainable financial basis for the Charity while maintaining 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 authorised by law as investments for trust funds. As permitted by the Charity’s Memorandum and Articles of Association, the Board of Trustees has given the Investment Managers, Investec Wealth & Investment Limited discretion to manage the portfolio on the low side of medium risk; due to challenging markets a realistic return of £56,000 for this financial year was anticipated but this was exceeded with a return of £61,177.
## **D. FUTURE PLANS**
Sight Support look forward to a period of restabilising and being able to continue with some degree of normality in the next 12 months and get back to full day group and social group attendances.
Due to the restrictions of the last couple of years, and the fact that service user numbers have dropped, work needs to be done to build groups back and promote within communities to encourage engagement.
Fundraising donations remain low due to the pandemic and the increased costs of living. More work needs to be done on fundraising now that restrictions are lifted and fundraising events can be planned.
Page 6
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **E. STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity is a company limited by guarantee governed by its Memorandum and Articles of Association. It is a registered charity with the Charity Commission. The liability of the members in the event of the Charity being wound up is limited to a sum not exceeding £10.
## **Method of Appointment or Election Of Trustees**
Potential new Trustees complete a detailed application form and interview process designed to identify the key skills and experiences they are able to bring to the Charity. The appointment of a new Trustee is made by majority vote at a quorate meeting of the Board of Trustees. Once appointed, Trustees are put forward to be elected by members at the subsequent Annual General Meeting and submitted for re-election every three years thereafter.
## **Policies Adopted for the Induction and Training of Trustees**
After appointment, new Trustees are provided with a range of information to support them in their role as a trustee. New Trustees receive an induction covering the statutory responsibilities of trustees, the main documents which set out the operational framework of the Charity including the Memorandum and Articles of Association, the funding structure of the Charity and future plans and objectives. Trustees are kept up to date through regular Board Meetings.
## **Organisation**
The composition of the Board of Trustees is regularly reviewed to ensure an appropriate level of skills and expertise is available to the Charity. The Board normally meets six times per year. A Chief Executive is appointed by the trustees to manage the day to day operations of the Charity. To facilitate effective operations, the Chief Executive, together with other members of the Senior Management Team, have delegated authority for operational matters including finance and employment.
## **Pay Policy for Senior Staff**
The directors consider the Board of Trustees, who are the Charity’s directors, and the Senior Management Team as the key management personnel of the Charity in charge of directing and controlling, running and operating the Charity on a day to day basis. All directors give their time freely and no director received remuneration for their services to the Charity in the year. Details of directors’ expenses and related party transactions are disclosed in note 12 and 25 to the accounts. The pay of the senior staff is reviewed annually, as for all the 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.
Page 7
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **Trustees Responsibilities in Relation to the Accounts**
The Trustees (who are Directors of the company for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements 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 to establish that the company’s auditors are aware of that information.
Approved by order of the members of the board of Trustees on 9 August 2022 and signed on their behalf by:
**D Rosenberg Chairman**
Page 8
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **Opinion**
We have audited the financial statements of Sight Support Hull and East Yorkshire (the 'charity') for the year ended 31 March 2022 which comprise the Statement 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 applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, 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 opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 9
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE (A 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 thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies 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 consistent with the financial statements.
- the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to 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 accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
Page 10
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE (CONTINUED)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 11
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A 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 objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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 competence, capabilities and skills to identify or recognise non-compliance with applicable laws and 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 it operates and the services it provides;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Charities SORP, Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified 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 to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate 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 procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions; 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-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the charitable company's legal advisors.
Page 12
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGHT SUPPORT HULL AND EAST YORKSHIRE (CONTINUED)**
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to 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 at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
## **Use of our report**
This report is made solely to 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 state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its 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 Accountants and Statutory Auditor
Halifax House 30 George Street Hull East Yorkshire HU1 3AJ
26 August 2022
Page 13
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Income from:**
Donations, grants and legacies
4
Charitable activities
5
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
9
**Total expenditure**
**Net expenditure before net gains on**
**investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**225,635**
**196,477**
**61,177**
**30,312**
**513,601**
**79,940**
**560,743**
**640,683**
**(127,082)**
**113,536**
**(13,546)**
**2,527,731**
**(13,546)**
**2,514,185**|**Restricted**
**funds**
**2022**
**£**
**23,584**
**-**
**-**
**-**
**23,584**
**-**
**25,687**
**25,687**
**(2,103)**
**-**
**(2,103)**
**13,910**
**(2,103)**
**11,807**|**Total**
**funds**
**2022**
**£**
**249,219**
**196,477**
**61,177**
**30,312**
**537,185**
**79,940**
**586,430**
**666,370**
**(129,185)**
**113,536**
**(15,649)**
**2,541,641**
**(15,649)**
**2,525,992**|_Total_
_funds_
_2021_
_£_
_227,974_
_182,222_
_56,703_
_13,058_
_479,957_
_74,787_
_596,601_
_671,388_
_(191,431)_
_271,044_
_79,613_
_2,462,028_
_79,613_
_2,541,641_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 18 to 38 form part of these financial statements.
Page 14
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee) REGISTERED NUMBER: 00299291**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**Fixed assets**
Tangible assets
13
Investments
14
**Current assets**
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
**Net current assets / liabilites**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**|**13,525**
**13,368**
**44,172**
**71,065**
**(55,213)**|**2022**
**£**
**256,887**
**2,253,253**
**2,510,140**
**15,852**
**2,525,992**
**2,525,992**
**2,525,992**|_11,158_
_25,747_
_32,155_
_69,060_
_(85,280)_|_2021_
_£_
_285,097_
_2,272,764_
_2,557,861_
_(16,220)_
_2,541,641_
_2,541,641_
_2,541,641_|
|---|---|---|---|---|
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## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee) REGISTERED NUMBER: 00299291**
**BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022**
|**Note**
**Charity funds**
Restricted funds
18
Unrestricted funds
18
**Total funds**|**2022**
**£**
**11,807**
**2,514,185**
**2,525,992**|_2021_
_£_
_13,910_
_2,527,731_|
|---|---|---|
||||
|||_2,541,641_|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 09 August 2022 and signed on their behalf by:
**D Rosenberg Chairman**
The notes on pages 18 to 38 form part of these financial statements.
Page 16
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Investment income
Purchase of tangible fixed assets
Net cash withdrawn from investment portfolio
**Net cash provided by investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2022**
**£**
**(169,910)**
**61,177**
**(12,297)**
**133,047**
**181,927**
**12,017**
**32,155**
**44,172**|_2021_
_£_
_(166,254)_
_56,703_
_-_
_72,781_
**129,484**
**(36,770)**
_68,925_
_32,155_|
|---|---|---|
The notes on pages 18 to 38 form part of these financial statements
Page 17
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. General information**
Sight Support Hull and East Yorkshire (the charity) is a limited company by guarantee incorporated in England and Wales and a registered charity. The charity's registered office is at 466 Beverley Road, Hull, England, HU5 1NF. The charity's principal activity is to help and support people with sight loss.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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 stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 18
**SIGHT SUPPORT HULL AND EAST YORKSHIRE (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer 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, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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 to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised 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 at 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 to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 19
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.5 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
|Freehold property|-|2%|
|---|---|---|
|Motor vehicles|-|25%|
|Fixtures and fittings|-|15%|
|Computer equipment|-|33%|
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 comparing the proceeds with the carrying amount and are recognised in the Statement of financial activities.
## **2.6 Investments**
Fixed asset investments are a form of financial instrument 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 at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
## **2.7 Stocks**
Stocks are valued at 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. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.9 Cash at bank and in hand**
Cash at bank and in hand represents monies held in current and savings accounts with instant access and petty cash.
## **2.10 Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity 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.
Page 20
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **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 at transaction value and subsequently measured at their settlement value.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes as follows:
The development fund has been designated by the board of Trustees to ensure that the Charity can maintain planned development of its services for the foreseeable future from investment income supplemented, if necessary, by the sale of investments. The fund is increased by the value of legacies received and accomodates charges in the value of all investments and is reduced annually by a transfer, if required, to the general fund to cover any deficit for the year.
Restricted funds are funds which are to 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 of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. 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 circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Tangible fixed assets are recognised at cost or valuation less accumulated depreciation and any impairment. Depreciation takes place over the estimated useful life down to 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 21
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **4. Income from donations, grants and legacies**
|**Unrestricted**
**funds**
**2022**
**£**
Donations
21,632
Legacies
128,424
Grants
38,559
Coronavirus Job Retention Scheme
37,020
225,635
_Unrestricted_
_funds_
_2021_
_£_
Donations
_23,288_
Legacies
_7,772_
Grants
_30,096_
Coronavirus Job Retention Scheme
_86,754_
_147,910_|**Restricted**
**funds**
**2022**
**£**
-
-
23,584
-
23,584
_Restricted_
_funds_
_2021_
_£_
_-_
_-_
_80,064_
_-_
_80,064_|**Total**
**funds**
**2022**
**£**
**21,632**
**128,424**
**62,143**
**37,020**|
|---|---|---|
|||**249,219**|
|||_Total_
_funds_
_2021_
_£_
_23,288_
_7,772_
_110,160_
_86,754_|
|||_227,974_|
Page 22
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **5. Income from charitable activities**
|**Unrestricted**
**funds**
**2022**
**£**
Beech Holme Court
171,887
Catering Income
10,089
Day Group
14,501
196,477
_Unrestricted_
_funds_
_2021_
_£_
Beech Holme Court
_179,079_
Catering Income
_3,143_
_182,222_
**6.**
**Investment income**
**Unrestricted**
**funds**
**2022**
**£**
Investment Income
61,177
_Unrestricted_
_funds_
_2021_
_£_
Investment Income
_56,703_|**Total**
**funds**
**2022**
**£**
**171,887**
**10,089**
**14,501**|
|---|---|
||**196,477**|
||_Total_
_funds_
_2021_
_£_
_179,079_
_3,143_|
||_182,222_|
||**Total**
**funds**
**2022**
**£**
**61,177**|
||_Total_
_funds_
_2021_
_£_
_56,703_|
Page 23
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7. Other incoming resources**
|Other Incoming Resources
Other Incoming Resources|**Unrestricted**
**funds**
**2022**
**£**
30,312
_Unrestricted_
_funds_
_2021_
_£_
_13,058_|**Total**
**funds**
**2022**
**£**
**30,312**|
|---|---|---|
|||_Total_
_funds_
_2021_
_£_
_13,058_|
Page 24
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **8. Expenditure on raising funds**
## **Fundraising trading expenses**
|**Unrestricted**
**funds**
**2022**
**£**
Direct costs
22,213
Support costs
6,772
Wages and salaries
44,640
National insurance
3,302
Pension costs
3,013
79,940
_Unrestricted_
_funds_
_2021_
_£_
Direct costs
_17,783_
Support costs
_6,957_
Wages and salaries
_43,877_
National insurance
_3,173_
Pension costs
_2,997_
_74,787_|**Total**
**funds**
**2022**
**£**
**22,213**
**6,772**
**44,640**
**3,302**
**3,013**|
|---|---|
||**79,940**|
||_Total_
_funds_
_2021_
_£_
_17,783_
_6,957_
_43,877_
_3,173_
_2,997_|
||_74,787_|
Page 25
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **9. Analysis of expenditure by activities**
|Welfare and Services
Beech Holme Court
Welfare and Services
Beech Holme Court|**Activities**
**undertaken**
**directly**
**2022**
**£**
305,290
153,486
458,776
_Activities_
_undertaken_
_directly_
_2021_
_£_
_307,822_
_154,127_
_461,949_|**Support**
**costs**
**2022**
**£**
113,470
14,184
127,654
_Support_
_costs_
_2021_
_£_
_119,690_
_14,962_
_134,652_|**Total**
**funds**
**2022**
**£**
**418,760**
**167,670**|
|---|---|---|---|
||||**586,430**|
||||_Total_
_funds_
_2021_
_£_
_427,512_
_169,089_|
||||_596,601_|
## **Analysis of direct costs**
|Staff costs
Other direct costs|**Welfare and**
**Services**
**2022**
**£**
209,222
96,068
305,290|**Beech**
**Holme**
**Court**
**2022**
**£**
23,689
129,797
153,486|**Total**
**funds**
**2022**
**£**
**232,911**
**225,865**|
|---|---|---|---|
||||**458,776**|
Page 26
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Other direct costs
**Analysis of support costs**
Staff costs
Other support costs
Staff costs
Other support costs|_Welfare and_
_Services_
_2021_
_£_
_231,019_
_76,803_
_307,822_
**Welfare and**
**Services**
**2022**
**£**
59,293
54,177
113,470
_Welfare and_
_Services_
_2021_
_£_
_64,032_
_55,658_
_119,690_|_Beech_
_Holme Court_
_2021_
_£_
_24,886_
_129,241_
_154,127_
**Beech**
**Holme**
**Court**
**2022**
**£**
7,412
6,772
14,184
_Beech_
_Holme Court_
_2021_
_£_
_8,005_
_6,957_
_14,962_|_Total_
_funds_
_2021_
_£_
_255,905_
_206,044_|
|---|---|---|---|
||||_461,949_|
||||**Total**
**funds**
**2022**
**£**
**66,705**
**60,949**|
||||**127,654**|
||||_Total_
_funds_
_2021_
_£_
_72,037_
_62,615_|
||||_134,652_|
Page 27
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **10. Auditors' remuneration - governance costs**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's auditor for the audit of the Charity's annual|||
|accounts|**4,500**|_4,500_|
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2022**
**£**
**326,649**
**13,987**
**9,935**
**350,571**|_2021_
_£_
_353,425_
_14,351_
_10,213_|
|---|---|---|
||||
|||_377,989_|
The average number of persons employed by the Charity during the year was as follows:
||**2022**|_2021_|
|---|---|---|
||**No.**|_No._|
|Total|**25**|_25_|
No employee received remuneration amounting to more than £60,000 in either year.
The total amount of benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity was £116,000 (2021 - £115,000).
## **12. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
Page 28
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **13. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_|**Freehold**
**property**
**£**
**557,270**
**9,323**
**-**
**566,593**
**332,769**
**8,576**
**-**
**341,345**
**225,248**
_224,501_|**Motor**
**vehicles**
**£**
**137,352**
**-**
**(28,555)**
**108,797**
**105,579**
**17,000**
**(28,555)**
**94,024**
**14,773**
_31,773_|**Fixtures and**
**fittings**
**£**
**155,981**
**-**
**-**
**155,981**
**129,588**
**12,407**
**-**
**141,995**
**13,986**
_26,393_|**Computer**
**equipment**
**£**
**14,473**
**2,974**
**-**
**17,447**
**12,043**
**2,524**
**-**
**14,567**
**2,880**
_2,430_|**Total**
**£**
**865,076**
**12,297**
**(28,555)**
**848,818**
**579,979**
**40,507**
**(28,555)**
**591,931**
**256,887**
_285,097_|
|---|---|---|---|---|---|
Page 29
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **14. Fixed asset investments**
|**Cost or valuation**
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_|**Investment**
**portfolio**
**£**
**2,272,764**
**1,071,820**
**(1,213,431)**
**122,100**|
|---|---|
||**2,253,253**|
||**2,253,253**|
||_2,272,764_|
The overall disposal value in the year represents the net effect of cash transferred from the portfolio, the gains/losses on disposal of investments in the year and other income and charges 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 charges in the year paid out of the portfolio of £13,904.
|**Investments are represented by:**
UK Fixed Interest
Overseas Fixed Interest
UK Equities
Overseas Equities
Emerging Economies
UK Property
Alternative Assets
Cash|**2022**
**£**
**174,226**
**124,419**
**662,192**
**626,794**
**40,392**
**145,133**
**315,055**
**165,042**
**2,253,253**|_2021_
_£_
_296,380_
_97,258_
_694,278_
_766,471_
_49,035_
_94,015_
_246,291_
_29,036_
_2,272,764_|
|---|---|---|
Page 30
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **15. Stocks**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Stock|**13,525**|_11,158_|
## **16. Debtors**
|**Due within one year**
Trade debtors
Prepayments and accrued income|**2022**
**£**
**1,803**
**11,565**
**13,368**|_2021_
_£_
_5,112_
_20,635_|
|---|---|---|
||||
|||_25,747_|
## **17. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods|**2022**
**£**
**5,320**
**4,091**
**984**
**44,818**
**55,213**
**2022**
**£**
**69,878**
**13,451**
**(49,441)**
**33,888**|_2021_
_£_
_2,047_
_4,312_
_437_
_78,484_|
|---|---|---|
||||
|||_85,280_|
|||_2021_
_£_
_-_
_69,878_
_-_|
||||
|||_69,878_|
Income deferred in the year relates to grant income received in advance.
Page 31
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted**
**funds**
**Designated**
**funds**
Designated
Funds - all funds
**General funds**
General Funds -
all funds
**Total**
**Unrestricted**
**funds**|**Balance at 1**
**April 2021**
**£**
**2,527,731**
**-**
**2,527,731**|**Income**
**£**
**128,424**
**385,177**
**513,601**|**Expenditure**
**£**
**(13,904)**
**(626,779)**
**(640,683)**|**Transfers**
**in/out**
**£**
**(241,602)**
**241,602**
**-**|**Gains/**
**(Losses)**
**£**
**113,536**
**-**
**113,536**|**Balance at**
**31 March**
**2022**
**£**
**2,514,185**|
|---|---|---|---|---|---|---|
|||||||**-**|
|||||||**2,514,185**|
Page 32
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. Statement of funds (continued)**
|**Restricted**
**funds**
Liz and Terry
Bramall
Foundation
The Rank
Foundation
Reaching
Communities
Lottery Funding
**Total of funds**|**Balance at 1**
**April 2021**
**£**
**4,088**
**339**
**9,483**
**13,910**
**2,541,641**|**Income**
**£**
**-**
**-**
**23,584**
**23,584**
**537,185**|**Expenditure**
**£**
**(1,486)**
**(71)**
**(24,130)**
**(25,687)**
**(666,370)**|**Transfers**
**in/out**
**£**
**-**
**-**
**-**
**-**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**-**
**113,536**|**Balance at**
**31 March**
**2022**
**£**
**2,602**
**268**
**8,937**|
|---|---|---|---|---|---|---|
|||||||**11,807**|
|||||||**2,525,992**|
The designated development fund has been designated by the Board of Trustees as a development fund to ensure that the Charity can maintain planned development of its services for the foreseeable future.
The general fund represents the free funds of the Charity which are not designated for particular purposes.
Resticted Funds:
Liz and Terry Bramall Foundation - Grant to 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 cost of a bariatric chair which will be expended over a number of years as the capital cost is depreciated.
Reaching Communities Lottery Fund - Lottery funding to cover various SocialEyes costs, together with the cost of a minibus which is being depreciated over its estimated useful life.
Page 33
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted**
**funds**
**Designated**
**funds**
Designated
Development
Fund
**General funds**
General Funds
**Total**
**Unrestricted**
**funds**|_Balance at_
_1 April 2020_
_£_
_2,444,357_
_-_
_2,444,357_|_Income_
_£_
_7,772_
_392,121_
_-_|_Expenditure_
_£_
_(13,002)_
_(574,561)_
_(587,563)_|_Transfers_
_in/out_
_£_
_(182,440)_
_182,440_
_-_|_Gains/_
_(Losses)_
_£_
_271,044_
_-_
_271,044_|_Balance at_
_31 March_
_2021_
_£_
_2,527,731_|
|---|---|---|---|---|---|---|
|||||||_-_|
|||||||_2,527,731_|
Page 34
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. Statement of funds (continued)**
|**Restricted**
**funds**
Liz and Terry
Bramall
Foundation
The Rank
Foundation
Reaching
Communities
Lottery Funding
Anna Maria
Charitable Trust
SocialEyes
Coordinator
Connect & Care
Grant
Schroder Charity
Trust
The Frances and
Cyril Bibby
Bequest
**Total of funds**|_Balance at_
_1 April 2020_
_£_
_5,575_
_446_
_11,650_
_-_
_-_
_-_
_-_
_17,671_
_2,462,028_|_Income_
_£_
_-_
_-_
_-_
_10,000_
_67,613_
_2,351_
_100_
_80,064_
_80,064_|_Expenditure_
_£_
_(1,487)_
_(107)_
_(2,167)_
_(10,000)_
_(67,613)_
_(2,351)_
_(100)_
_(83,825)_
_(671,388)_|_Transfers_
_in/out_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_Gains/_
_(Losses)_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_271,044_|_Balance at_
_31 March_
_2021_
_£_
_4,088_
_339_
_9,483_
_-_
_-_
_-_
_-_|
|---|---|---|---|---|---|---|
|||||||_13,910_|
|||||||_2,541,641_|
Page 35
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **19. Summary of funds**
## **Summary of funds - current year**
|
Designated
funds
General funds
Restricted funds|**Balance at 1**
**April 2021**
**£**
**2,527,731**
**-**
**13,910**
**2,541,641**|**Income**
**£**
**128,424**
**385,177**
**23,584**
**537,185**
_Income_
_£_
_7,772_
_392,121_
_80,064_
_479,957_|**Expenditure**
**£**
**(13,904)**
**(626,779)**
**(25,687)**
**(666,370)**
_Expenditure_
_£_
_(13,002)_
_(574,561)_
_(83,825)_
_(671,388)_|**Transfers**
**in/out**
**£**
**(241,602)**
**241,602**
**-**
**-**
_Transfers_
_in/out_
_£_
_(182,440)_
_182,440_
_-_
_-_|**Gains/**
**(Losses)**
**£**
**113,536**
**-**
**-**
**113,536**
_Gains/_
_(Losses)_
_£_
_271,044_
_-_
_-_
_271,044_|**Balance at**
**31 March**
**2022**
**£**
**2,514,185**
**-**
**11,807**|
|---|---|---|---|---|---|---|
|||||||**2,525,992**|
|||||||_Balance at_
_31 March_
_2021_
_£_
_2,527,731_
_-_
_13,910_|
|**Summary of funds - prior year**|||||||
|Designated
funds
General funds
Restricted funds|_Balance at_
_1 April 2020_
_£_
_2,444,357_
_-_
_17,671_
_2,462,028_||||||
|||||||_2,541,641_|
## **20. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Tangible fixed assets
249,034
Fixed asset investments
2,253,253
Current assets
67,111
Creditors due within one year
(55,213)
**Total**
2,514,185|**Restricted**
**funds**
**2022**
**£**
7,853
-
3,954
-
11,807|**Total**
**funds**
**2022**
**£**
**256,887**
**2,253,253**
**71,065**
**(55,213**|
|---|---|---|
|||**2,525,992**|
Page 36
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **21. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the year (as per Statement of Financial
Activities)
**Adjustments for:**
Depreciation charges
Loss/(gain) on investments
Investment income
Loss on the sale of fixed assets
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash used in operating activities**
**22.**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**
**23.**
**Analysis of changes in net debt**
**At 1 April**
**2021**
**£**
Cash at bank and in hand
**32,155**|**2022**
**£**
**(15,649)**
**40,507**
**(113,536)**
**(61,177)**
**-**
**(2,367)**
**12,379**
**(30,067)**
**(169,910)**
**2022**
**£**
**44,172**
**44,172**
**Cash flows**
**£**
**12,017**|_2021_
_£_
_79,613_
_44,689_
_(271,044)_
_(56,703)_
_1,001_
_760_
_(7,859)_
_43,289_
_(166,254)_
_2021_
_£_
_32,155_
_32,155_
**At 31 March**
**2022**
**£**
**44,172**|
|---|---|---|
Page 37
## **SIGHT SUPPORT HULL AND EAST YORKSHIRE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **24. Pension commitments**
The Charity has established an auto-enrolment pension scheme for all employees with effect from 1 August 2016. The Charity has also made arrangements for senior executives to contribute to a group personal pension scheme.
The pension cost charge represents contributions payable by the Charity to the funds and amounted to £9,935 (2021 - £10,213). An amount of £985 (2021 - £437) was payable to the funds at the balance sheet date and are included in creditors.
## **25. Related party transactions**
During the year a business with which Trustee M O'Grady is connected provided support and services to the charity totalling £5,968 (2021 - £14,811). At the year end there was a balance owing to the business totalling £678 (2021 - £Nil).
Page 38