SIGHTED (KNOWN AS CAM SIGHT) (A company limited by ... · PDF fileDr P Auton, Chairman1 Mr M...

Registered number: 00482010Charity number: 201640

THE CAMBRIDGESHIRE SOCIETY FOR THE BLIND AND PARTIALLYSIGHTED (KNOWN AS CAM SIGHT)

(A company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

THE CAMBRIDGESHIRE SOCIETY FOR THE BLIND AND PARTIALLY SIGHTED (KNOWN AS CAMSIGHT)


CONTENTS

Page

Reference and administrative details of the charity, its trustees and advisers 1

Trustees report 2 - 10

Independent auditors’ report 11-12

Statement of financial activities 13 - 14

Balance sheet 15

Notes to the financial statements 16 - 29



REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERSFOR THE YEAR ENDED 31 MARCH 2015

Trustees

Dr P Auton, Chairman1Mr M Clapson, TreasurerMrs L FairbrotherMs E HoffmannDr D Mortlock1MrS RockMr R Slattery1Mr J StewartMr M Womack

1 Trustees with a visual impairment

Company registered number

00482010

Charity registered number

201640

Registered office

Butler House, 167 Green End Road, Cambridge, CB4 1RW

Company secretary

Mrs A Streather

Chief executive officer

Mrs A Streather

Independent auditors

Peters Elworthy & Moore, Salisbury House, Station Road, Cambridge, CB1 2LA

Bankers

Lloyds Bank plc, P0 Box 383, Cambridge, CB3 ONZ

National Westminster Bank plc, 56 StAndrews Street, Cambridge, CB2 3AH

Aldermore Bank plc, Western House, Lynch Wood, Peterborough, Cambridgeshire, PE2 6FZ

Patrons

Dame Mary Archer and Nigel Brown OBE

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TRUSTEES’ REPORTFOR THE YEAR ENDED 31 MARCH 2015

The Trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annualreport and the audited financial statements of The Cambridgeshire Society for the Blind and Partially Sighted(Cam Sight) (the company) for the year ended 31 March 2015. The Trustees confirm that the annual report andfinancial statements of the company comply with current statutory requirements, the requirements of thecompany’s governing document and the provisions of the Statement of Recommended Practice (SORP)‘Accounting and Reporting by Charities” issued in March 2005.

CAM SIGHT’S VISION

Cam Sight’s vision is a society where blind and partially sighted people have the same rights, responsibilitiesand opportunities as other people.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The governing documentCam Sight’s activities are governed by its Memorandum and Articles of Association, a document approved bythe Charity Commission that sets out the nature and limitations of Cam Sight’s work with local blind and partiallysighted people.

Recruitment and induction of TrusteesNew Trustees are currently appointed on the basis of recommendation and induction is carried out by theChairman. A Trustee handbook provides information about Cam Sight and the roles and responsibilities of itsTrustees. It is considered appropriate that a proportion of the Trustees should be service users and currentlythree out of the nine Trustees are visually impaired.

Structure and decision makingCam Sight’s strategic direction is led by its Board of Trustees which meets quarterly. Implementation of thestrategy and management of the organisation is the responsibility of the Chief Executive. The Chief Executive isresponsible for fundraising and the organisation’s supporting infrastructure, assisted by a Finance Officer,Communications Manager / Administrator and Community Fundraiser. The remaining staff are involved in thedelivery of services to local visually impaired people. Once the strategic direction is set out by the Board in abusiness plan, decisions on implementation are made at a number of levels. Individual staff work plans andtargets are agreed at regular performance reviews; departmental objectives are set within a management teamand staff meetings address issues that affect the whole team. The Chairman and Chief Executive meetregularly to share information and consider important issues arising between Board meetings.

Relationships with other organisationsThe charity works closely with the public sector, particularly Addenbrooke’s Hospital, Cambridgeshire CountyCouncil; City and District Councils and with other partners including Anglia Ruskin University and localbusinesses. Cam Sight is a partner within the Cambridgeshire Vision Partnership that implements the UK VisionStrategy within the county and a member of its umbrella body, Visionary. Cam Sight is a member of theCambridge Council for Voluntary Service and works with national and other local sight loss charities.

Risk ManagementCam Sight’s Board confirms it has analysed and reviewed the risks to which it is exposed and addressed thesein an organisational risk management policy with accompanying risk assessment reviews and action plans.Risks are ranked in terms of severity and likelihood and reduction strategies identified and implementedregularly. Cam Sight’s business continuity plan prepares for short term disaster recovery and addresses areassuch as succession planning.

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TRUSTEES’ REPORT (continued)FOR THE YEAR ENDED 31 MARCH 2015

AIMS AND ACTIVITIES

Cam Sight’s governing document — the Memorandum and Articles of Association — sets out the objects for theSociety. These cover a range of activities aimed at promoting the physical spiritual and general welfare of theblind’, and duties to be carried out for the benefit of clients as designated by public authorities. The objectscover, amongst other provisions the use of Cam Sight’s premises, the types of services offered by the charityand its relationship with other organisations.

Within the parameters set by the governing document, Cam Sight provides public benefit by supporting visuallyimpaired people in maintaining independence and quality of life. In the exercise of its powers to that end, CamSight has paid due regard to the published guidance from the Charity Commission on the operation of the PublicBenefit requirement under the Charities Act 2011.

STRATEGIC REVIEW

Cam Sight aims for 2014-15

1. Increasing the number of people of all ages accessing services and support2. Enhancing services in the north of the County3. Refurbishing Cam Sight premises in Cambridge and Fenland as low vision equipment and technology

centres4. Raising the income needed to fund developing services.

Aim 1. Increasing the number of people of all ages accessing services and support

Sight loss is related to factors including ageing and diabetes and the number of people with a visual impairmentis increasing significantly. 18,200 people are currently estimated to live with sight loss in Cambridgeshire andthis number is projected to increase to 23,500 by 2020. Of this number, 395 are blind and partially sightedchildren under 25 years, 240 of whom are under 16 (RNIB Sight Loss Data Tool, 2014).

Cam Sight supports approximately 1,500 people within the county. This is an increase in the region of 100 overthe previous year but Cam Sight is working to increase awareness of its services and their take up as a priority.

Cam Sight works with visually impaired people to help them have a greater choice in how they live their lives.Cam Sight has identified four key outcomes from using its services that support this increased choice:emotional well-being; social inclusion; economic well-being and independent living.

Client activities carried out in 2014-15 within the different areas of the charity are described below and groupedunder the principal outcome they aim to achieve. New developments within the services are included as arecomparative figures from the previous year where a significant change has occurred.

Outcome I - Emotional Well-beingVisually impaired people feel more confident and at ease with their level of sight.

‘I was suicidal after losing my sight and job but the groups taught me that you need to talk and breaking down isnot a weakness. I gained hope to go forward and can encourage others to express their feelings.’

Emotional Support ServiceA Cam Sight counsellor works with clients individually and on a peer group basis. Groups of six people meet foreight weekly sessions and a review to support each other in sharing feelings and experiences relating to sightloss and in coming to terms with their diagnosis. Two previous participants help lead the sessions and provideregular follow-on groups. Both are trained in counselling skills and one has completed the first year of a threeyear counselling course.

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• Two sets of peer emotional support groups were held in Cambridge over the year and the first set washeld in Fenland

• 33 people overall received specialist emotional support compared with 52 the previous year. Time hadbeen invested in establishing the Fenland service and achieving the participants’ training

• Placements for other counselling students enable them to support clients and gain an understanding ofissues relating to sight loss.

Outcome 2 - Social inclusionVisually impaired people and their families and carers feel valued, have contact with others and a sense ofbelonging.

Cam Sight introduced me to a visually impaired lady living nearby and the weekly visits have changed both ourlives.’

We attend the Cam Sight pre-school group every two weeks. Our son can play and interact with other childrenwith eye conditions and parents have the chance to meet each other, swap stories and give advice. I have metsome amazing parents through Cam Sight who have helped us through the harder days.’

Rural Support ProgrammePeer support for visually impaired people in rural areas is provided by the Rural Support Team. Fifteen groupsmeet monthly in villages in Fenland, South and East Cambridgeshire and one meets in Cambridge City. Thegroups are supported by local volunteers and offer friendship; safety, health and other information; speakers;falls prevention; music; equipment; social support and referral to Cam Sight and other services.

• The groups received 1,788 visits in total from clients resident in 54 villages. Attendances by volunteersincreased from 650 to 679 and there were 13 new group members overall153 items of equipment were provided; 69 members received specific information and advice and 33referred onto additional services, including volunteer befriending, community and technology support

• The volunteer Ring-around Service made monthly phone calls to 24 visually impaired people who weretoo frail to attend Rural Support Groups or waiting for a befriending volunteer

• Information provided to the groups included trading standards, Guide Dogs, podiatry, hearing loss,medicine management, falls prevention, Shopmobility, the library service, meals delivery, safety from fireand crime, low vision equipment and emotional support

• Entertainment included local history and activities, music, group celebrations and client experiences.

VolunteeringCam Sight volunteers enhance the range of services and provide individual support. Volunteers, many of whomare visually impaired are recruited, trained and supported by the Volunteer Team. Volunteers receive regularcommunications and are invited to twice-yearly celebration events to acknowledge their support and enablethem to share experiences.

• The work of Cam Sight was supported by 339 volunteers. 84 new volunteers were recruited and trainedover the year, an increase of 23 volunteers over the previous year

• 143 clients were befriended by volunteers through regular visits and a further 34 clients were supportedby volunteers on a short-term basis. 584 clients were directly supported by volunteers overall, an increaseof 121

• Volunteers continued to provide approximately 15,000 hours of volunteering over the year• If each volunteer had been paid the minimum wage for their hours of volunteering their time would have

cost over £97,000.

Groups for children and young peopleCam Sight runs specialist groups for visually impaired children and their families and carers and young people.

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The groups are led by two qualified Cam Sight Rehabilitation specialists holding BTec Professional Diplomas inRehabilitation Studies (Visual Impairment) Level 5.

• 17 children and their families attend fortnightly groups for pre-school children held at a children’s centre inCambridge. Activities are geared to individual sensory needs of the children and include crafts, singingand experiences of light, sound, textures and tastes

• 21 children attend a regular group for 6-12 year olds held at a local community centre and a group is heldin a different room for their parents and caters. The children learn life skills through crafts, dressing up,cooking and games to help co-ordination

• 13 young people attend a regular group for young people aged 13- 25, also held at the community centre.Members gain life and social skills through playing pool, table football and Braille cards; eating andtalking together and supporting each other regarding sight loss. They invite external visitors to introducetopics such as fire-safety, technology, using a guide dog and taking care of their health and themselves.

Sport and LeisureCam Sight runs groups in liaison with local partners and supports individuals in pursuing their own activities.

• Six clients and five volunteers attend a weekly swimming group• 15 clients and seven volunteers go ten-pin bowling in Cambridge and Ely• Two specialist volunteers lead monthly walks in the University Botanic Gardens attended by up to ten

clients and four volunteers• Five volunteers take clients tandem cycling every week and other sports include tennis, goalball, running

and rowing. Five clients on tandems completed the London to Cambridge Bike Ride• 24 clients attended four tactile workshops organised by Kettles Yard Art Gallery and 15 clients attended a

touch tour of classical antiquities offered by the Fitzwilliam Museum. Duxford Air Museum provided audioand touch tours of its displays.

CommunicationCam Sight uses its website and social media to raise its profile, keep in touch with clients and encouragesupporters.

• Facebook promotes Cam Sight services, events and activities and a Facebook page for young visuallyimpaired people enables them to socialise and share ideas

• Twitter provides immediate information, advice, photographs and communication• A news blog posts up-to-date information and advice and a subscription link to the newsletter.

NewslettersCam Sight produces quarterly newsletters in electronic, large print, Braille and audio formats. They containevents, news, campaign updates, client experiences and information on equipment and services.

• Newsletters were sent to 1,540 visually impaired people each quarter on request, an increase of 72 overthe previous year. A further 72 copies were sent to partners of Cam Sight and 318 to volunteers.

Outcome 3 - Economic Well-beingVisually impaired people have the skills, means and ability to navigate processes to be economically secure.

Support with benefit entitlements and employmentThe Community Support Team provides support with benefits and employment.

• There were 54 initial requests for support in applying for benefit entitlements, of which 47 went forwardand 41 claims were successful

• Cam Sight receives regular updates from the Department of Work and Pensions on current benefitentitlements

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TRUSTEES REPORT (continued)FOR THE YEAR ENDED 31 MARCH 2015

• There was just one request for employment support and subsequent referral to the employment advisorat Action for Blind People although 13 people asked about employment the previous year.

Outcome 4 - Independent LivingVisually impaired people have the skills, equipment and technology to live independently.

Going to University is something I thought I would never do when I lost my sight but getting a 2-1 BA (Hons)degree in History is probably the thing I am most proud of. It was hard to master deadlines and exams but Igained touch typing skills through Cam Sight and a scanner to read course books and these helped me achievethis personal goal like no other in my life.’

Community Support ServiceThe Community Support Team visits clients at home and provides help in living independently and safely. Theteam provides the above support in benefit entitlements and employment in addition to magnification, lightingand other low vision equipment; access to local services and volunteer befriending.

• The Team supported 228 visually impaired people county wide of whom 121 acquired low visionequipment and 3 were referred to rural peer support groups

• Clients supported by the Team often appeared particularly vulnerable. 24 of the clients supported wereaged between 71 and 80 years; 86 were aged between 81 and 90 years and 43 over 90 years. 136 of the228 people supported lived alone.

Low Vision EquipmentCam Sight equipment centres in Cambridge and Chatteris stock items of low vision equipment to supportindependent living. Staff provide support and information on products including magnifiers, lighting, phones,electronic readers and a range of speaking, large size, tactile and colour contrasted items.

• 642 people visited the Low Vision Equipment Centre in Cambridge during the year of whom 523 of thevisitors were over 65 years. An additional ten visits were carried out to deliver and train clients in the useof equipment in their homes. 93 people visited the low vision equipment centre in Chatteris, an increaseof 39 over the previous year following the move to the new Centre

• The Low Vision Equipment Centre Lead is employed by Addenbrooke’s Hospital to work in the weeklylow vision clinic and helps provide emotional support, referrals, reviews and support with the registrationprocess

• Demonstrations of low vision equipment and technology were held at the Rural Groups• Three exhibitions were held over the year at Cam Sight and attended by a range of suppliers• 42 third year Anglia Ruskin University Optometry and all first year dispensing optician students received

low vision training by Cam Sight.

TechnologyTechnology with speech, magnification and voice recognition makes a positive difference in every area of life:employment, education, communication, managing information and living independently. The Cam SightTechnology Lead and other staff provide assessment, demonstration and training in the use of computers,iPhones, iPads, SatNavs and scanners.

• 117 clients attended appointments for Technology training and advice, an increase of 24 on the previousyear. Regular support for new and returning clients continued to be provided by telephone

• The use of portable touch screen products such as Pads and Android tablets continues to increase• The donation of a large screen All-In-One Windows computer has enabled the update of Dolphin Guide,

the speech and magnification system to the latest version. Upgrades to Apple’s lOS software hasmaintained the functionality of the iPads and more online shopping products have been added.

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RehabilitationRehabilitation training for visually impaired children and adults in Cambridgeshire is provided by Cam Sight andCounty Council Sensory Services. The Cam Sight Rehabilitation specialists are registered with HabVl UK, theprofessional body working with visually impaired children. They also lead on the provision of sighted guidingtraining.

• Training in mobility, orientation and daily living skills was provided to three children over the year• The Senior Rehabilitation Specialist is on the national executive of HabVl UK helping to develop its

provision of continuing professional development for habilitation training for children• VISION 2020 endorsed training in sighted guiding was delivered to 97 people. All participants attained

Level 1 and 38 attained Level 2.

Braille trainingA specialist volunteer provides training in the use of Braille.

• 100 hours of Braille teaching were provided to 8 clients• Two patents learnt Braille so they could teach it to their visually impaired children• Five third year optometry students at Anglia Ruskin University had weekly Braille sessions to learn the

basics of Braille and what it can achieve.

Aim 2. Enhancing services in the North of the county

Support and services in Fen landThe Cam Sight Fenland Community Support Lead develops services in Fenland and runs the Low VisionEquipment Centre based in Chatteris.

• 33 of the 253 clients receiving Community Support were resident in Fen land• A monthly support group in Chatteris has a membership of 21 people and is run by five volunteers• Cam Sight continued to promote its services as a partner of Fenland District Council’s Golden Age• The Fenland Community Support Lead paid regular visits and demonstrated equipment to 30 members

of the Keeping in Touch Club for visually impaired people in Wsbech. 12 club members visited theChatteris Centre for demonstrations and purchases

• Links have been maintained with the Traveller’s Health Team and with the Rosmini and Oasis centres inWsbech where Cam Sight information is available in Lithuanian, Portuguese, Russian and Polish

• The walking group established with the Carers’ Trust Cambridgeshire continues to provide support forclients and carers in Fen land.

Aim 3. Refurbishing Cam Sight premises in Cambridge and Fenland as low vision equipment andtechnology centres

Both sets of premises have been refurbished to help the demonstration of equipment and technology andprovide a better experience for clients. Cam Sight is in discussion with the Methodist Church over jointdevelopment of the Cambridge site to give improved facilities.• The Cambridge Equipment Centre has been moved to the front of the building to increase its profile and

accessibility. A separate assessment room allows people to look at equipment whilst consultations aretaking place

• The Chatteris Centre has moved to its own premises in a central location. More items can be displayedand there is increased space for client support.

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Aim 4. Raising the income needed to fund developing services

Activities relating to income are outlined under the Financial Review.

FINANCIAL REVIEW

Results for the year

The Trustees are satisfied with the £6,757 (2014: £591,463) increase in funds recorded for the year at a timewhen fundraising continues to be challenging. The lower level of legacy income of £123,125 (2014: £658,648)was the major reason for the difference in the net movement in funds recorded between the two years. Costswere carefully monitored in the year allowing for a reduction in total resources expended of £28,078.

Cam Sight is aligned to a number of strategic partners. A contract is held with Cambridgeshire County Councilto provide Community Services across the county and a Low Vision Equipment Centre in Fenland to the valueof £87,000 (2014: £87,000). Addenbrooke’s Hospital engaged Cam Sight to work in its Low Vision Clinic raising£7,940 (2014: £8,978) and training provided to Anglia Ruskin University students raised a total of £1,350 (2014:£750). Income from Rehabilitation contracts with the County Council brought in £2,030 (2014: £4,008).

Income from trusts and other grant making bodies remains vital in supporting a number of key areas of CamSight’s work. The Chief Executive worked with staff and an external fundraiser to raise £91,952 (2014: £67,248)from such bodies.

Local fundraising is carried out by the Friends of Cam Sight, the fundraising team and local volunteers.Donations and collections during the year came to a total of £56,087 (2013-14 £69,346) while Friends eventsraised £1 1,471(2013-14 £12,710) and other events £2,692 (2013-14 £170).

Cam Sight received £123,125 from legacies with £100,000 resulting from a single legacy. Legacy income is ofgreat importance to Cam Sight’s sustainability and a defined strategy exists to secure a pipeline of future legacyincome.

Cam Sight continues to work on developing fundraising ideas and raising its profile in what remain difficultfinancial times for all charities. Cam Sight is actively seeking innovative ways to raise funds and reach out to agreater supporter base that include the use of modern media.

Reserves policy

The policy of the board of trustees is that the unrestricted reserves of the charity should be between six andtwenty four months of operational costs. At 31 March 2015, Cam Sight had free reserves of £538,607 (2014:£542,968). Allowing for the expected mix of unrestricted and restricted projects, this amounts to approximately14.9 months (2014: 14.1 months) expenditure which falls within the parameters of the reserves policy laid downby the trustees.

Investment policy

In accordance with the charity’s constitution, the Trustees have the power to invest in such stocks, shares andinvestments as they see fit. The Trustees have appointed NW Brown Investment Management Services tomanage some of the funds not required for the immediate purpose of the charity, amounting to £290,469 (2014:£277,585). The investment approach, whilst low risk, is designed to achieve a balance between income andcapital growth. Surplus cash resulting from legacy income is being held in short-term investments so the charitycan react promptly once its plans for property improvement and site developments have been agreed.

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PLANS FOR THE FUTURE

Our vision is that visually impaired people of all ages county-wide are aware of support and opportunitiesavailable and in particular of the independence achieved through technology and equipment designed for thosewith low vision. Cam Sight’s strength is that it is a local charity, working with partners in our community. Ourservices are supported by many local volunteers who are committed to enhancing the lives of visually impairedpeople.

Cam Sight’s newly refurbished Low Vision Equipment and Technology centre in Cambridge will be officiallylaunched in the autumn of 2015. It is hoped our refurbished premises in Cambridge and Chatteris will inspirepeople to visit for information, demonstrations and a chance to try out equipment.

Recognising the value of peer support, we will continue to lead our groups for children, young people and theirfamilies; social peer support groups across rural Cambridgeshire and opportunities for people with sight loss togive each other emotional support. We will look to increase further the delivery of our services by visuallyimpaired people to help ensure that opportunities provided meet the needs of people with sight loss.

The trustees will review the strategic direction of the charity during the year ahead. This will ensure the best useof reserves and resources to help the charity become sustainable and ensure that high quality services areavailable for visually impaired people across Cambridgeshire.

TRUSTEES RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of Cambridgeshire Society for the Blind and Partially Sighted for thepurposes of company law) are responsible for preparing the Trustees’ report and the financial statements inaccordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice).Company law requires the Trustees to prepare financial statements for each financial year. Under company lawthe Trustees must not approve the financial statements unless they are satisfied that they give a true and fairview of the state of affairs of the charitable company and of the incoming resources and application ofresources, including the income and expenditure, of the charitable company for that period. In preparing thesefinancial statements, the Trustees are required to:• select suitable accounting policies and then apply them consistently;• observe the methods and principles in the Charities SORP;• make judgments and accounting estimates that are reasonable and prudent;• state whether applicable UK Accounting Standards have been followed, subject to any material

departures disclosed and explained in the financial statements;• prepare the financial statements on the going concern basis unless it is inappropriate to presume that

the charitable company will continue in operation.The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explainthe charitable company’s transactions and disclose with reasonable accuracy at any time the financial positionof the charitable company and enable them to ensure that the financial statements comply with the CompaniesAct 2006. They are also responsible for safeguarding the assets of the charitable company and hence for takingreasonable steps for the prevention and detection of fraud and other irregularities.

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DISCLOSURE OF INFORMATION TO AUDITOR

So far as each of the Trustees is aware at the time the report is approved:

• there is no relevant audit information of which the company’s auditors are unaware, and• the Trustees have taken all steps that they ought to have taken to make themselves aware of any

relevant audit information and to establish that the auditors are aware of that information.

AUDITOR

A resolution proposing that Peters Elworthy & Moore be re-appointed as auditors of the company will be put tothe Annual General Meeting.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided bysection 41 5A of the Companies Act 2006.

This report was approved by the Trustees on (0 cY L5 and signed on their behalf by:

Dr Mr Martin Clapson

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CAMBRIDGESHIRE SOCIETY FORTHE BLIND AND PARTIALLY SIGHTED (KNOWN AS CAM SIGHT)

We have audited the financial statements of The Cambridgeshice Society for the Blind and Partially Sighted(Known as Cam Sight) for the year ended 31 March 2015 set out on pages 13 to 29. The financial reportingframework that has been applied in their preparation is applicable law and the Financial Reporting Standard forSmaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable toSmaller Entities).

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 ofPart 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to thecharitable company’s members those matters we are required to state to them in an Auditors’ report and for noother purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the charitable company and its members, as a body, for our audit work, for this report, or for the opinion wehave formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors ofthe charitable company for the purposes of company law) are responsible for the preparation of the financialstatements and for being satisfied that they give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicablelaw and International Standards on Auditing (UK and Ireland). Those standards require us to comply with theAuditing Practices Board’s Ethical Standards for Auditors.

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient togive reasonable assurance that the financial statements are free from material misstatement, whether causedby fraud or error. This includes an assessment of: whether the accounting policies are appropriate to thecompany’s circumstances and have been consistently applied and adequately disclosed; the reasonableness ofsignificant accounting estimates made by the Trustees; and the overall presentation of the financial statements.In addition, we read all the financial and non-financial information in the Trustees’ report to identify materialinconsistencies with the audited financial statements and to identify any information that is apparently materiallyincorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing theaudit. If we become aware of any apparent material misstatements or inconsistencies we consider theimplications for our report.

OPINION ON FINANCIAL STATEMENTS

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 2015 and of itsincoming resources and application of resources, including its income and expenditure, for the yearthen ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted AccountingPractice applicable to Smaller Entities; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CAMBRIDGESHIRE SOCIETY FORTHE BLIND AND PARTIALLY SIGHTED (KNOWN AS CAM SIGHT)

OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion the information given in the Trustees’ report for the financial year for which the financialstatements are prepared is consistent with the financial statements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us toreport to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not beenreceived 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 smallcompanies regime and to take advantage of the small companies’ exemption from the requirement toprepare a Strategic report or in preparing the Trustees’ report.

Roger Webster (Senior statutory auditor)

for and on behalf of

Peters Elworthy & Moore

Chartered AccountantsStatutory Auditors

Salisbury HouseStation RoadCambridgeCB1 2LA6 October 2015

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STATEMENT OF FINANCIAL ACTIVITIES(incorporating income and expenditure account)


Restricted Unrestricted Total Totalfunds funds funds funds

2015 2015 2015 2014Note £ £ £ £

INCOMING RESOURCES

Incoming resources from generated funds:Donations 2 - 51,105 51,105 64948Friends of Cam Sight 2 - 11,471 11,471 12,710Legacies 2 - 123,125 123,125 658,648Collections 2 - 4,982 4,982 4,398Activities for generating funds 3 750 3,413 4,163 10,557lnvestmentincome 4 - 14,893 14,893 11,956

Incoming resources from charitable activities 5 178,952 44,485 223,437 280,139

TOTAL INCOMING RESOURCES 179,702 253,474 433,176 1,043,356

RESOURCES EXPENDED

Costs of generating funds:Costs of generating voluntary income 6 - 57,446 57,446 60,130Investment management expenses 7 - 2,118 2,118 3,197

Charitable activities 8 166,256 200,410 366,666 390,821Governance costs 11 - 7,140 7,140 7,300

TOTAL RESOURCES EXPENDED 12 166,256 267,114 433,370 461,448

NET INCOMING I (OUTGOING)RESOURCES BEFORE TRANSFERS 13,446 (13,640) (194) 581,908

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STATEMENT OF FINANCIAL ACTIVITIES(incorporating income and expenditure account) (continued)



2015 2015 2015 2014Note £ £ £ £

Transfers between Funds 21 (17,334) 17,334 -

NET INCOMING RESOURCES I(RESOURCES EXPENDED) BEFOREINVESTMENT ASSET DISPOSALS (3,888) 3,694 (194) 581,908

Gains and losses on disposals of investmentassets 16 - (225) (225) 1,836

NET INCOMING RESOURCES I(RESOURCES EXPENDED) BEFOREREVALUATIONS (3,888) 3,469 (419) 583,744

Gains and losses on revaluations of investmentassets 16 - 7,176 7,176 7,719

NET MOVEMENT IN FUNDS FOR THE YEAR (3,888) 10,645 6,757 591,463

Total funds at 1 April 2014 289,800 1,052,380 1,342,180 750,717

TOTAL FUNDS AT 31 MARCH 2015 285,912 1,063,025 1,348,937 1,342,180

The notes on pages 16 to 29 form part of these financial statements.

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(A company limited by guarantee)REGISTERED NUMBER: 00482010

BALANCE SHEETAS AT 31 MARCH 2015

CHARITY FUNDS

Restricted funds

Unrestricted funds

TOTAL FUNDS

2015£ £

285,912

1,063,025

1,348,937

2014£ £

154,638

277,585

432,223

289,800

1,052,380

1,342,180

The financial statements have been prepared in accordance with the provisions applicable to small companieswithin Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for SmallerEntities (effective April 2008).

The financial statements were approved and authorised for issue by the Trustees on

i oo 5 and signed on their behalf, by:

Dr Paul Auton, Chairman

The notes on pages 16 to 29 form part of these financial statements.

FIXED ASSETS

Tangible assets

Investments

CURRENT ASSETS

Stocks

Debtors

Investments

Cash at bank and in hand

CREDITORS: amounts falling due withinone year

NET CURRENT ASSETS

TOTAL ASSETS LESS CURRENT LIABILITIES

Note

15

16

17 14,167

18 152,636

19 673,970

78,772

919,545

20 (28,830)

167,753

290,469

458,222

890,715

1,348,937

15,986

172,526

270,000

475,656

934,168

(24,211)

21

21

909,957

1,342,180

Mr Martin Clapson

Page 15



NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2015

ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention, with theexception of investments which are included at market value, and in accordance with the FinancialReporting Standard for Smaller Entities (effective April 2008). The financial statements have beenprepared in accordance with the Statement of Recommended Practice (SORP), ‘Accounting andReporting by Charities’ published in March 2005, applicable accounting standards and theCompanies Act 2006.

1.2 COMPANY STATUS

The company is a company limited by guarantee. The members of the company are the Trusteesnamed on page 1. In the event of the company being wound up, the liability in respect of theguarantee is limited to £1 per member of the company.

1.3 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees infurtherance of the general objectives of the company and which have not been designated for otherpurposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees forparticular purposes. The aim and use of each designated fund is set out in the notes to the financialstatements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed bydonors or which have been raised by the company for particular purposes. The costs of raising andadministering such funds are charged against the specific fund. The aim and use of each restrictedfund is set out in the notes to the financial statements.

1.4 INCOMING RESOURCES

All incoming resources are included in the Statement of financial activities when the company hasentitlement to the funds, certainty of receipt and the amount can be measured with sufficientreliability. For legacies, entitlement is the earlier of the company being notified of an impendingdistribution or the legacy being received.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant isrecognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investmentincome is receivable.

Contract income included in the financial statements is treated as grant income based on the natureof the underlying agreement between the parties and is therefore recognised in full at the date ofentitlement to the income.

Page 16




ACCOUNTING POLICIES (continued)

1.5 RESOURCES EXPENDED

Expenditure is accounted for on an accruals basis and has been included under expense categoriesthat aggregate all costs for allocation to activities. Where costs cannot be directly attributed toparticular activities they have been allocated on a basis consistent with the use of the resources.

Premises overheads have been allocated on the basis of staff time

Other overheads have been allocated on the basis of staff time

All resources expended are inclusive of irrecoverable VAT.

1.6 CASH FLOW

The financial statements do not include a Cash flow statement because the charitable company, asa small reporting entity, is exempt from the requirement to prepare such a statement under theFinancial Reporting Standard for Smaller Entities (effective April 2008).

1.7 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at ratescalculated to write off the cost of fixed assets, less their estimated residual value, over theirexpected useful lives on the following bases:

Freehold property - 2% on costLeasehold improvements - 33.3% on costFixtures & fittings - 15% on the reducing balanceOffice equipment - 50% year 1, 25% years 2 and 3

1.8 INVESTMENTS

Investments are stated at market value at the balance sheet date. The Statement of financialactivities includes the net gains and losses arising on revaluations and disposals throughout theyear. Current asset investments are stated at the lower of cost and net realisable value.

1.9 OPERATING LEASES

Rentals under operating leases are charged to the Statement of financial activities on a straight linebasis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on astraight line basis over the period until the date the rent is expected to be adjusted to the prevailingmarket rate.

1.10 STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowance forobsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion offixed and variable overheads.

Page 17




2. VOLUNTARY INCOME

Restricted U n restricted Total Totalfunds funds funds funds

2015 2015 2015 2014£ £ £ £

Donations 51,105 51,105 64,948Friends of Cam Sight 11,471 11,471 12,710Legacies 123,125 123,125 658,648Collections 4,982 4,982 4,398

Voluntary income - 190,683 190,683 740,704

3. FUNDRAISING INCOME


2015 2015 2015 2014£ £ £ £

Events, functions and raffles - 2,692 2,692 170Sale of other goods and services - 721 721 538Centenary Appeal (including Friends of

Cam Sight) 750 750 9,849

750 3,413 4,163 10,557

4. INVESTMENT INCOME

Unrestricted Total Totalfunds funds funds

2015 2015 2014£ £ £

Investment income 8,765 8,765 8,579Bank and other interest 6,128 6,128 3,377

14,893 14,893 11,956

Page 18




5. INCOMING RESOURCES FROM ACTIVITIES IN FURTHERANCE OF THE CHARITY’S OBJECTS

Subtotal

RestrictedRestricted Inonme

Total

35,646 4,563 2,630 1,646 - 44,485 88,896

6,969 32,493 99,750 38,940 800 178,952 191,243

42,615 37,056 102,380 40,586 800 223,437 280,139

6. COSTS OF GENERATING VOLUNTARY INCOME

Totalfunds

2015

57,446 57,446 60,130

7. INVESTMENT MANAGEMENT COSTS

Totalfunds

2015£

Investment management fees 2,118 2,118 3,197

Low VisionEquipment

Cen Ire

Rehabil- Emotionalitation and andChildren’s Community Rural Total Total

Services Support Support Technology 2015 201I£ £ £ £ £ £

UnrestrictedContract incoije - - - - 42,051Low Vision Riuipnent Centre 27,074 - - - - 27,074 28,207Other service contracts 7,640 3,008 - - - 10,948 13,827Miscelaneous nonme 632 1,555 2,630 1,646 - 6,463 4,811

U n restrictedfunds

2015£ £ £

Professional costs 7,328 7,328 5,931Sundry costs 3,190 3,190 1,174Staff costs 46,928 46,928 53,025

Totalfunds2014

Unrestrictedfunds

2015£

Totalfunds2014

£

Page 19




8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES

Activitiesundertaken Support

directly costs Total Total2015 2015 2015 2014

£ £ £ £

Low Vision Equipment Centre 70,263 16,035 86,298 101,493Rehabilitation and Children’s services 33,500 10,949 44,449 56,325Emotional and Community Support 133,997 43,796 177,793 167,944Rural Support 25,769 8,424 34,193 33,392Technology 18,038 5,895 23,933 31,667

Total 281,567 85,099 366,666 390,821

9. DIRECT COSTS

Rehabil- EmotionalLow Vision itation and andEquipment Children’s Community

Centre Services Support£ £ £

Publications 92 - -

Talking books 189 - -

Equipment purchases 23,599 - -

Wages and salaries 43,564 31,463 125,851National insurance 2,819 2,037 8,146

70,263 33,500 133,997

Rural Total TotalSupport Technology 2015 2014

£ £ £ £

Publications 92 18Talking books 189 302Equipment purchases - - 23,599 26,366Wages and salaries 24,202 16,941 242,021 214,265National insurance 1,567 1,097 15,666 15,797

25,769 18,038 281,567 256748

Page 20




10. SUPPORT COSTS

Rehabil- EmotionalLow Vision itation and andEquipment Children’s Community

Centre Services Support£ £ £

Travel expenses 2,081 1,504 6,015Recreation group 818 592 2,367Sundry charitable expenditure 2,978 2,151 8,603Insurance 896 647 2,588Rent and rates 144 104 416Repairs and maintenance 711 514 2,057Heat and light 817 589 2,357Printing, postage, stationery and advertising 2,271 1,640 6,561Telephone 1,075 777 3,107Training 5 4 16Bad debts (58) (43) (170)Client equipment/software 813 587 2,348Client based projects 878 - -

Depreciation 2,606 1,883 7,531

16,035 10,949 43,796

Rural Total TotalSupport Technology 2015 2014

£ £ £ £

Travel expenses 1,157 810 11,567 12,256Recreation group 455 319 4,551 1,868Sundry charitable expenditure 1,655 1,158 16,545 76,405Insurance 498 348 4,977 4,797Rent and rates 80 56 800 38Repairs and maintenance 396 277 3,955 9,080Heat and light 453 317 4,533 3,750Printing, postage, stationery and advertising 1,262 883 12,617 9,745Telephone 598 418 5,975 5,802Training 3 2 30 15Bad debts (33) (23) (327) 66Client equipment/software 452 316 4,516 2,627Client based projects - - 878 1,371Depreciation 1,448 1,014 14,482 6,253

8,424 5,895 85,099 134,073

Page 21




11. GOVERNANCE COSTS

Unrestricted Total Totalfunds funds funds

2015 2015 2014£ £ £

Auditors remuneration 3,690 3,690 4,125Auditors fees for other services 3,450 3,450 2,853Legal and Professional charges - 322

7,140 7,140 7,300

12. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff costs Depreciation Other costs Total Total2015 2015 2015 2015 2014

£ £ £ £ £

Costs of generatingvoluntary income 46,928 - 10,518 57,446 60,130

Investment managementcosts - - 2,118 2,118 3,197

COSTS OF GENERATINGFUNDS 46,928 - 12,636 59,564 63,327

Low Vision EquipmentCentre 46,383 2,606 37,309 86,298 101,493

Rehabilitation and Children’sservices 33,500 1,883 9,066 44,449 56,325

Emotional and CommunitySupport 133,997 7,531 36,265 177,793 167,944

Rural Support 25,769 1,448 6,976 34,193 33,392Technology 18,038 1,014 4,881 23,933 31,667

CHARITABLE ACTIVITIES 257,687 14,482 94,497 366,666 390,821

GOVERNANCE - 7,140 7,140 7,300

304,615 14,482 114,273 433,370 461,448

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13. NET INCOMING I (OUTGOING) RESOURCES

This is stated after charging:

2015 2014£ £

Depreciation of tangible fixed assets:- owned by the charity 14,482 6,253

Auditors’ remuneration 3,690 4,125

During the year, no Trustees received any reimbursement of expenses (2014 - £NIL).

14. STAFF COSTS

Staff costs were as follows:

2015 2014£ £

Wages and salaries 284,939 262,725Social security costs 19,676 20,362

304,615 283,087

The average full time equivalent monthly number of employees during the year was as follows:

2015 2014No. No.

Office and management 2 2Charity Workers 6 6Fundraising 2 2Volunteer Support 1 1

11 11

No employee received remuneration amounting to more than £60,000 in either year.

Page 23




14. STAFF COSTS (continued)

The average monthly number of employees by headcount during the year was as follows:

2015 2014£ £

Office and management 2 2Charity Workers 11 10Fundraising 2 2Volunteer Support 1 1

16 15

15. TANGIBLE FIXED ASSETS

LITerm Furniture,Freehold Leasehold fittings &property Property equipment Total

£ £ £ £

COST

At 1 April 2014 179,551 - 72,089 251,640Additions - 6,987 20,610 27,597

At 31 March 2015 179,551 6,987 92,699 279,237

DEPRECIATION

At 1 April 2014 34,325 - 62,677 97,002Charge for the year 1,891 410 12,181 14,482

At31 March2015 36,216 410 74,858 111,484

NET BOOK VALUE

At 31 March 2015 143,335 6,577 17,841 167,753

At31 March2014 145,226 - 9,412 154,638

The freehold property is situated at 167 Green End Road, Cambridge. The property is used as theCompany’s headquarters and provides improved facilities to assist blind and partially sighted people inthe Cambridge area.

The total net book value of £167,753 at 31 March 2015 (2014: £154,638) represents fixed assets forcharitable activities and the management and administration of the Charity.

Page 24




16. FIXED ASSET INVESTMENTS

Portfolio Cash Total£ £ £

MARKET VALUE

At 1 April 2014 264,316 13,269 277,585Additions 29,711 - 29,711Disposal proceeds (24,030) - (24,030)Movementincash - 252 252Revaluations 7,176 - 7,176Loss on disposal (225) - (225)

At 31 March 2015 276,948 13,521 290,469

INVESTMENTS AT MARKET VALUE COMPRISE:2015 2014

£ £

Listed Investments 276,948 264316Cash held by investment managers 13,521 13,269

Total market value 290,469 277,585

All the fixed asset investments are held in the UK

MATERIAL INVESTMENTS31 March 31 March

2015 2014£ £

Baillfe Gifford Corporate Bond Fund B Inc 16,258 15,356

17. STOCKS

2015 2014£ £

Equipment stock 14,167 15,986

The Society carries insurance for stocks of equipment held in the Resources Centre.

Page 25




18. DEBTORS

2015 2014£ £

Trade debtors 5,967 6,050Legacies 118,290 157,396Prepayments and accrued income 28,379 9,080

152,636 172,526

19. CURRENT ASSET INVESTMENTS

2015 2014£ £

Cash deposits 673,970 270,000

20. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR

2015 2014£ £

Trade creditors 13,692 6987Other taxation and social security 5,623 5837Accruals and deferred income 9,515 11,387

28,830 24,211

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21. STATEMENT OF FUNDS

Brought Incoming Resources Transfers Gains! Carriedforward resources expended in!(out) flosses) forward

£ £ £ £ £ £

DESIGNATEDFUNDS

Centenary Appeal 500,000 - - - 500,000

GENERAL FUNDS

General Funds 506,164 253,474 (267,114) 19,531 (225) 511,830Revaluation

Reserve 46,216 - (2,197) 7,176 51,195

552,380 253,474 (267,114) 17,334 6,951 563,025

Total Unrestrictedfunds 1,052,380 253,474 (267,114) 17,334 6,951 1,063,025

RESTRICTED FUNDS

Brought Incoming Resources Transfers Gains! Carriedforward resources expended in!(out) (losses) forward

£ £ £ £ £ £

Headquarters Fund 145,226 - (1,891) - 143,335Council Community

Support - 87,000 (87,000) - -

Rural Support 14,583 36,750 (43,346) - 7,987Will Charitable

Trust 8,000 - (1,895) - - 6,105Centenary Appeal 109,322 750 - (17,334) - 92,738Lloyds Bank

Foundation 9,316 12,000 (11,907) - - 9,409Other Restricted

Funds 3,353 43,202 (20,217) - - 26,338

289,800 179,702 (166,256) (17,334) - 285,912

Total of funds 1,342,180 433,176 (433,370) - 6,951 1,348,937

The transfer of £2, 197 represents unrealised gains in earlier years realised in the year.

The transfer of £17334 represents a new server purchased in the year.

Page 27




Centenary Appeal - designated fund

Cam Sights Centenary Appeal is intended to raise funds to refurbish its premises as a TechnologyCentre. An internal fundraising committee is working with the Friends of Cam Sight to carry out aprogramme of fundraising activities.

Details on major restricted funds

Headquarters Fund

Council Community Support

Rural Support

Will Charitable Trust

Centenary Appeal

Lloyds Bank Foundation

Established to provide for the purchase of new premises for theCharity. A building was purchased in May 1996 and this isprimarily used for charitable purposes, providing advice andsupport to visually impaired people. The building is also theadministrative headquarters of the Charity.

Projects funded by South Cambridgeshire District Council, EastCambridgeshire District Council, Fenland District Council andCambridge City Council to provide community and emotional supportfor visually impaired people to promote independent living.

Rural Support activities continue to be funded primarily by TheEnabling Activities Charitable Trust.

Funding to establish whether people with a learning disability also havea visual impairment and to support them in adapting to this.

Funding to refurbish the Cam Sight premises as a Technology Centre.

Funding for rural support services including provision of a Fenlandemotional support group.

All other funds were relating to restricted monies received for specific projects.

Further information on the invaluable support provided to Cam Sight by a wide range of Foundations,Trusts and Grant Making Bodies may be found on our website www.camsight.org.uk.

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

167,753290,469919,545(28,830)

£

Restricted U n restricted Total Totalfunds funds funds funds2015 2015 2015 2014

Tangible fixed assets 143,335 24,418Fixed asset investments - 290,469Current assets 142,577 776,968Creditors due within one year - (28,830)

£ £ £

154,638277,585934,168(24,211)

1,342,180285,912 1,063,025 1,348,937

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23. CAPITAL COMMITMENTS

During the year the charity contracted for fixed assets amounting to £39,892, of which £19,946 isincluded within prepayments at 31 March 2015. At 31 March 2015 there was therefore a further £19,946which was contracted for but not provided in these financial statements.

24. OPERATING LEASE COMMITMENTS

At 31 March 2015 the company had annual commitments under non-cancellable operating leases asfollows:

2015 2014£ £

EXPIRY DATE:

Between 2 and 5 years 3,528 1,128

Page 29

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