Charity number: 1086208
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 10 |
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees
J Bhargava H Cavendish S Charles J Innes
D Varma
Charity registered number
1086208
Principal office
c/o Armstrong Watson York House Thornfield Business Park Northallerton DL6 2XQ
Accountants
Armstrong Watson Audit Limited York House Thornfield Business Park Standard Way Northallerton North Yorkshire DL6 2XQ
Bankers
HSBC UK Bank plc 7 Commercial Street Halifax West Yorkshire HX1 1HN
Page 1
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Council and Trustees of the North of England Ophthalmological Society (NEOS) present their report for the 1 October 2022 to 30 September 2023.
The Council and Trustees of the North of England Ophthalmological Society (NEOS) present their report for the year 01st October 2021 - 30th September 2023.
The North of England Ophthalmological Society is a charity established by written constitution and registered with the Charity Commission, No. 1086208. Its registered address is c/o Armstrong Watson LLP, York House, Thornfield Business Park, Northallerton, DL6 2XQ.
The charity is organised as an independent association of people interested in furthering the objects of the charity. It has trustees and an elected Council, which are listed below.
The Charity is committed to equality and diversity.
The trustees have adopted the provisions of Accounting and Reporting by Charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees have also had regard to the Charity Commission’s Public benefit requirement statutory guidance.
The following people served the charity during the accounting year.
TRUSTEES:
J Bhargava H Cavendish S Charles J Innes D Varma
PRESIDENT:
V Long
COUNCIL MEMBERS:
K Ahmed D Mathews - Immediate Past President V Pai - SAS representative Y D'Souza M Hartley - co-opted trainee representative L Gnanaraj J Hsuan J Patil A Elabbahan CJ Vize S Winder - Chairman of Education Committee D Cottrell - PJ Hay Trustee
HONORARY TREASURER:
D Varma
SECRETARY:
J Bhargava
EXECUTIVE:
A Welsh
Page 2
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023
Objectives and activities
a. Policies and objectives
The objectives of the charity are to promote knowledge and understanding of clinical and practical ophthalmology and associated medical sciences throughout the north of England and north Wales. The charity exists to advance the education of the public in ophthalmology and associated medical sciences through dissemination of clinical research and educational events for the public benefit. The Charity's promotes knowledge and understanding of clinical and practical ophthalmology throughout the north of England and North Wales.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees regularly review the charity’s level of reserves held against expected expenditure. The reserve is satisfactory for its current level of activity. The Trustees believe that the level of reserves held is adequate to fulfil its charitable obligations.
Structure, governance and management
a. Constitution
The North of England Ophthalmological Society is a registered charity, number 1086208.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution.
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THE NORTH OF ENGLAND oPHTHoLO0IcAL SOelErY TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 30 SEPTEMBER 2023 Structure. governance and managoment Icontlnu•dl c. Flnanclal rlBk managemènt The Trustees have reviewed the r15k5 to which the ChaAty 1$ exposed and have ensured appropriate controls are In place lo provide reasonable Assurance against fraud and error. The allached financial statements show the curyenl slate of the fln#nces. which thè Trustees conslder to be sound. The souree5 of income are Irom membershlp fees and sponsorship by ophthalmic trade companies. The charity does not lundTaisg from the public. Th8 Charills bankers are Ihe HSBC Bank. 8tatem•nt of Tru8tee*' re•pon8lbllltl08 The Truste88 are responsible for weparang the Trustees. Report and the Ilnanclal slalemenls in acccrdanca wllh applicable law 8nd Unlled Klngdom Accounting Standards Iunlted Kingdom Generally Accgpled Accounting Praclicel. The 18W 8ppllcable to charllies in England & Walos requires the Trustees to prepare fin8nci8151atements for each financial year which give a true and falr view of th8 slate of alfairs of the Charity and of Its incoming resourcos and appllcation of resources. Includlng ily Income and expenditure, for that period. In preparing Ihe8e flnancial statements. the Trustees are requlred lo.. select suitable accounting poliei85 and then Bpply thérn conslslenlly., observe the melhod5 and principl8s ol the Charities SORP IFRS 1021,. make judumenls and occounling estimates that are roasonable and prudent; slate vthelher applicable UK Accounting Slan¢Jards IFRS 1021 have béen followed, gubjecl to any material clopartures disclosed and ex ained In the flnonc181 stalÈmènts.' prepare the financial slalements on tho going concem b8818 unless it is inappropriate lo presum8 th81 the Charity will continue In busSness. The Trustees are responsible for keeplng adequate accounting records that are sufficient lo show 8nd explain the Charitys transactions and disclos8 th reasonable accuracy at Bny lime the financial position of the Charity and enoble them lo ensure that the financial statements comply th the Charities Act 2011, the Charlly (Accoun15 and Reports) Regulations 2008 and the provis3 of the Trust deed. They are alyo responsible for saleguarding tho assets ol the Cherlly and hence for taking roasonable 8lep5 for the prev•nlion and d&lecOn of fraud and other Irreguloritles. Approv•1 The Tru51ees dedare they have approved the annual report. Approved by order of the members of the board ol Trustaes and signed Ih8ir b8half by.. Date.. Oil oi |2DL4 Pag8 4
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
Independent Examiner's Report to the Trustees of The North of England Ophthalmological Society ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 04 January 2024
Simon Turner
Armstrong Watson Audit Limited
Northallerton
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THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Note Income from: Charitable activities: Membership subscriptions Meeting income Interest received Total income Expenditure on: Raising funds: Conference Fees and Lecturer's expenses Prizes Charitable activities: Admin, postage and stationary Accountancy Website Donation Bank Charge Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 11,655 21,790 173 33,618 23,281 3,000 12,634 480 592 - 60 40,047 (6,429) 56,291 (6,429) 49,862 |
Total funds 2023 £ 11,655 21,790 173 33,618 23,281 3,000 12,634 480 592 - 60 40,047 (6,429) 56,291 (6,429) 49,862 |
Total funds 2022 £ 11,555 15,650 52 27,257 |
|---|---|---|---|
| 15,566 1,750 6,754 600 548 450 50 25,718 |
|||
| 1,539 | |||
| 54,752 1,539 56,291 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 10 form part of these financial statements.
Page 6
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
BALANCE SHEET AS AT 30 SEPTEMBER 2023
| 2023 Note £ Fixed assets - Current assets Debtors 4 2,074 1,000 Cash at bank and in hand 58,260 64,554 60,334 65,554 Creditors: amounts falling due within one year 5 (10,472) (9,263) Net current assets 49,862 Total assets less current liabilities 49,862 Total net assets 49,862 Charity funds Restricted funds - Unrestricted funds 49,862 Total funds 49,862 The financial statements were approved and authorised for issue by the _______and signed on their behalf by: The notes on pages8 to 10form part of these financial statements. 02/01/2024 |
2022 £ - 56,291 56,291 56,291 - 56,291 56,291 Trustees on |
|---|---|
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THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies
1.1 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
Income represents member's subscriptions, meeting income, donations and appeals, and other income receivable during the year. All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
1.3 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directly attributed to particular headings they have been allocated to 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.
1.4 Going concern
The Board of Trustees has assessed the historic financial performance of the Charity and future plans. Given the charity has limited committed obligations for the period to at least twelve months after the date of the approval of these accounts, and significant cash holdings that it could utilise at short notice that is more likely than not to exceed any obligation, the Trustees are satisfied from this review that the charity remains a going concern. The financial statements have been prepared on that basis accordingly.
1.5 Debtors
Prepayments are valued at the amount prepaid net of any trade discounts due.
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THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies (continued)
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities and provisions
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.
1.8 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
There are currently no restricted funds.
1.9 Taxation
The charity is exempt from corporation tax on its charitable activites.
2. Donations and appeal receipts
There were no major contributions made during the year.
3. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 30 September 2023, no Trustee expenses have been incurred (2022 - £NIL) .
4. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2023 £ 551 1,523 2,074 |
2022 £ - 1,000 |
|---|---|---|
| 1,000 |
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THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
5. Creditors: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 10,472 | 9,263 |
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