SIGHT CYMRU
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
“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
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (29/03/2022)
Trustees
- RHODA WILLIAMSchair
- Aji Ramanujam Raghuram
- Helen Tudball
- Himalee Rupesinghe
- John Richard James Beavan
- Jonathan Mudd
- Matthew Thomas
- Philip Stephen Evans
- Prof Rachel North
- Susan Margaret Hughes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 30/06/2023 | £25k | Unrestricted Funding |