SIGHT CYMRU

Registered charity 1171471 · accounts filings on the Charity Commission register · also known as GOLWG CYMRU, GWENT ASSOCIATION FOR THE BLIND, SIGHT SUPPORT

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Latest income
£558k
Latest spending
£588k
Registered
2017
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net movement in funds surplus of £621,905 for the year ended 31 March 2022, driven by investment gains despite an operating deficit. The trustees' report notes that free reserves totalled £857,780, which is below the stated policy target of enabling the organisation to trade for 9 months in the event of no further funding. The auditor confirmed that resources are adequate to continue in operational existence for the foreseeable future with no material uncertainties identified.

What the accounts disclose

Reserves policy: nine months of unrestricted expenditure (held: £858k)
the charity prudently considers that the reserves should enable the organisation to trade for 9 months in the event that no further funding was available. — page 8
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Sight Cymru (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£558k
Total spending
£588k
Cost of raising funds
£12k
Reserves (reported)
£883k
Employees
21

Reported reserves equal ~18.0 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£558k£588k
31/03/2024£549k£533k
31/03/2023£555k£534k
31/03/2022£450k£470k
31/03/2021£518k£463k

Common questions

Is SIGHT CYMRU financially healthy?

The accounts state that the charity reported a net movement in funds surplus of £621,905 for the year ended 31 March 2022, driven by investment gains despite an operating deficit. The trustees' report notes that free reserves totalled £857,780, which is below the stated policy target of enabling the organisation to trade for 9 months in the event of no further funding. The auditor confirmed that resources are adequate to continue in operational existence for the foreseeable future with no material uncertainties identified. Its FY2022 accounts were audited by Azets Audit Services.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Postcode Lottery30/06/2023£25kUnrestricted Funding