Charity nUmr. 1086208 THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY CONTENTS Page R•f•rnnee and Admini•trollv• Detslls of tho Charlty, Its Trustges and Advl8ers TFU•tae8' R•port ' Ind•p•hdant Examlnorf8 Report stst•ment of Flnancl•l Actlvltl•s 8alanc• 8h••t Notes to th• Flnan¢lal 8tat•nlents 8-10
THE NORTH OF ENOLAND OPHTHALMOLOOICAL 8QCIETY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees J Bhargava H Cavendish S Charles D Vamia Charlty regl*tered number 1086208 Prlnclpal offic• clo Armstrong Watson York House Thornfield Business Park Northallerton DL6 2XQ Accountants Armstrong Watson Audit Ljmited York House Thomfield Business Park standard Way Northallerton North.Yorkshir8 DL6 2XQ Bankars HSBC UK Bank plc 7 Commercial Street Halifax West Yorkshire HX1 1HN Pag8 1
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Council and Trustees of the North of England Ophthalmological Society {NEOS) prèsent their report for the 1 October 2023 to 30 September 2024. The North of England Ophthalmological Society is a charity established by writt8n constitution and registered viith the Charity Commission, No. 1086208. Its registered address 15 clo Armstrong Watson LLP, York House, Thornfield Busines5 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 1021 (effective 1 January 2015). The trustees have also had regard lo the Charity Commission's Public benefit requlrement statutory guidance. The following people served the charlty during the accounting year. TRUSTEES.. J Bhargava H Cavendlsh S Charles D Varma PRESIDENT.. V Long COUNCIL MEMBERS: O Mathews- Immedlate Past President V Pai - SAS representative Y D'souza M Hartley- co-opted trainee represenlatlve L Gnanaraj J Patil A Elabbahan CJ Vize P Pennefather U Harley P Glasman 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 opfrrrHALMOLOGICAL SOCIETY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Objectives and aCtItieS a. Polici08 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 Ihe public benefit. The Charitrfs promotes knowledge and understanding of clinical and practical ophthalmology throughout the north of England and North Wales. In sett4ng objectives and plannlng for activities, the Trustees have glven due consideration to general guidance publish8d by the Charity Commission relatin9 to public benefit, including the guidance 'PubliG benefit- running a charity IPB2)'. Achlevements and performance Financlal revlew . Golng concern After making appropriat8 enquiries, Ihe Trust885 have a reasonable expectation that the Charity has adequate resources to continue in oper8lional existence for the for8seeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further detsils regarding the adoption of the going conc8m basis can be found in the accounting policies. b. Ra8ervo5 poIIcy The Trustees regularly reviéw the charity's level of reserves h8ld against 8xpected expenditure. The reserve is satisfactory for its current level of activity. The Trustees believe that the level of reseples held is adequate to fulfil its charitable obligation5. structure. govérnance and management Constltutlon The North of England Ophthalmological Soclety is a registered charlty, number 1086208. b. Methods of appointment or electlon 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. Financial risk management The Trustees have reviewed the risks to which the Charity is exposed and have ensured appropriate controls are in place to provide reasonable assuran against fraud and error. The attached financial statements show the current state of the finances, which the Trustee5 consider to be sound. The sources of income are from membership fees and sponsorship by ophthalrnic trade companies. The charity d08s not fundraise from th8 public. The CharItS bankers are the HSBC Bank. Page 3
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCETY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trust88s' Report and the financial statem8nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financlal statements for each financial which give a true and fair view of th8 state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these finanGial ststements, the Trustees are required to: select suitable accounting wlicies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 1021. make judgments and accounting 8Stimates Ihat are reasonable and prudent., state whether appllcable UK Accounting Standards IFRS 102) have been follow8d, subject to any materlal departures disclosed and explained in the financial statements., prepare the financial Slalements on the going concern basis unless it Is Inappropriate to presume that the Charity will contlnue in business. The Trustees are responsible for keeping adequate accounting records that are sufficlent to show and explain the Charitls transactions and disclose with reasonable accuracy at any tim8 th8 financial p051tion of the Charity and enable them to ensure that the financial statements comply with the Charitl8s Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provisions of the Trust deed. 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. Approved by order of the rnembers of th8 board ol Trustees and signed on their b8half by: D Varnia (Honorary Treasurer) Date: 13 February 2025 Page 4
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY IJ INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent Examlner's Report to the Trustees of The North of England Ophthalmologlcal Society I'the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 S8Ptember 2024. Responslbllltles and Ba3ls of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charit18s Act 2011 ('the 2011 Act,). I report in respect of my examination of the CharitV5 accounts carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(51(bl of the 2011 Act. Independent Examiner's Statement Your attention is drawn to the fact that the Charity has prepared Ihe accounts in accordance with Accounting and Reports'ng by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts In accordance wlth the FinanGlal Reporting Standard applicable in the UK and Republic of Irelan¢J IFRS 102) in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Practic8 issued on 1 April 2005 which is referred to in the extant regulations bul has been wllhdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance wlth the Generally Accepted Accounting Practice effeGtive 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 th8 examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by secllon 130 of the 2011 Act,. or the accounts do not accord with those records; or the accounts do not comply with th8 applicable requirements concernlng the form and content of accounts Set out in th8 Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the account5 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 Gonneclion wlth the exaTninalion to which attention should be drawn in this report in order to enable a proper underslanding of the accounts lo be reached. This report is made solely to the Charilrfs Trustees, as a body, in accordance with Part 4 of the Charilies (Accounts and Reports) Regulations 2008. My work has been undertakèn so that I might state to the Charills Trustees those matters l am qUired lo state lo them in an Independent Examiner's Report and for no other purpose. To tha fullest extent permitted by law, I do not accept or assurne responsibility to anyone other than Ihe Charity and the Charitls Trustees as a body, for my Vrk or for this report. Signed.. Dated.. 13 February 2025 Sirnon Turner Armstrong Watson Audit Limited Northallerton Page 5
THE NORTH OF ENGLAND opFrrHALMOLOGICAL SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unre8trict8d funds 2024 Total funds 2024 Totsl funds 2023 Note Income frorn: Charitabl8 activlties.. Membership subscriptions Meeting income Interest received 11,470 27,251 749 11,470 27,251 749 11,655. 21,790 173 Total Incomo 39,470 39,470 33.618 Expendlture on: Raising funds: Conference Fees and Lecturer's expenses Prizes Charltable activities.. Adrnin. postage and statlonary Accountancy Website Bank Charge 24.417 2,811 24,417 2,811 23,281 3,000 9,280 1,028 451 67 9,280 1,028 451 67 12,634 480 592 80 Total expondlture 38,054 38,054 40.047 Net movement In funds 1,416 1,416 (6,429) Reconclllatlon of funds: Toial funds brought forward Net movement in funds 49,862 1,416 49,862 1,416 56,291 (6.429) Total funds carrled forward 51,278 51,278 49,862 The Statement of Financial Actlvities 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 SHEEr AS AT 30 SEPTEMBER 2024 2024 2023 Note Flxod assels Currnnt assets Debtors Cash at bank and in hancl 2,074 58,260 56.989 58.333 60,334 Creditors.. amounts falling due within on8 year (7,055) (10,472) Net current asset• 51,278 49,862 Totsl as8et81888 currènt liabllitles 51,278 49,862 Net assets •xcludlng p•n$lon asset 51,278 49,862 Totsl not asset8 51,278 49.862 Charlty fund• Restricted funds Unr88tricted funds 51,278 49,862 Total funds 51,278 49,862 The financlal statements were approved and authorised for Issue by the Trustees and signed on thelr behalf by., O. v)fLN Ik D Varnia (Honorary Treasurer) Date: 13 February 2025 The notes on pages 8 to 10 fonn part of these financial statements. Pagè 7
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles 1.1 Basis of preparatlon of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wilh thè Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. The flnanclal statements have been prepared to glve a 'true and fair, view and have departed from the Charitl8s (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and fair, view, Thi5 departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accountin9 and Reporting by Charitie5.' Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Assets and liabilities are initially recognised at historical cost or transactlon value unless otherwlse ststed in the relevant accounting policy. 1.2 Income Income represents member's subscriptions, meeting inGome. donations and appea15, and other incom8 receivable during the year. All income is recognis8d in the Statement of Financial Actsvities once the charity has entillement to the funds, it is probable that the incorne wlll be received and the amount can be measured reliably, 1.3 Expendlture Liabilities are recognised as expenditure a5 soon as ther8 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 attrlbuted to particular headlngs they have been allocated lo aclivities on a basis consistent with the use of resources. Expendlture on raising funds includes all expenditure Incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising aclivities events and non-charitable trading. Expenditure on charitable aclivitie5 is incurred on directly undertaking the activitles which further the Charitls objectives. as well as any associated support cosis. 1.4 Golng concern The Board of Trustees has assessed the historic financial performance of th8 Charity and future plans. Giv8n the Gharily has limited commitled obligations for th8 period to at least tW81ve months after the date of the approval of these accounts, and significant cash holéings that. it could ulilise 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 concem. The financial statements have been prepared on that basis accordingly. 1.5 Debtors Prepayrnents are valued at the amount prepaid net of any tr8de discounts due. Page 8
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting pollcles (continued) 1.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.7 Llablllties and provl8lons 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 requlred in settlement, and the amount of the settlemenl can be estimated reliably. Liabiliti85 are recognised at the amount that the Charity anticipates it will pay to settie the debt or the amount it has received as advanced paentS for the goods or seNlces it must provlde. 1.8 Fund accountlng Unrestrlcted funds can be used In accordance with the charitable objectlves at the discretlon of the trust8es. There are currently no restrfcted funds. 1.9 Taxation The charity is exempt from corporation tax on its charitable activites. Donatlons and appeal recelpts There were no rnajor contributions made during the year. Trustoes, remuneratlon and expenses During the year. no Trustees recelved any remuneration or other benefits (2023 - £NIL). During the year ended 30 September 2024, no Trustee expenses have been Incurred {2023 - £NIL). Debtor8 2024 2023 Due within one year Other debtors PrepayTnents and accrued income 551 1,523 1,344 2,074 Page 9
THE NORTH OF ENGLAND OPHTHALMOLOGICAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Cr•dltofs: Amounts falllng du• withln on• y•ar 2024 2Q23 Accruals and deferred income 7,055 10,472 Page 10