2024-10-31-accounts

OPTICAL SEVA TRUSTF.ES RF.PORT AND FINANCIAL STATEMENTS FOII'I'HP YEAII ENDEI) 31 OC'I'OBER 20?4 Charit! Ileoistered Nuinber 1087188

OPTICAL SEVA TRIIS"E'F.F,S REPORT AND FINANCIALSTATF.MF.NTS F()R THF. YF.AR ENDED 31 ' OCTOBER 2024 CONTENTS PAGE Truslee% aiid Adi'"1sLfb 'ri'tistec's RLP()It IndLI)endLr)i Examiner'% Kei)i)11 qtateiiieiil ()f- Fi1igiiLial ALIIVllie Balaiice SlILel Nc)LC% [() the l.. i112nLial glcilLlI)I'iIIs

OPTIC"AL SEVA TRI 18TEES .ANID ADIIISIR% FOR THE I'E.4R CNDID J I ' C>QTOBER ?024 Ti'ustees Mr. S S'i'eecumlir Mr. %' .lecTalldthan Nq r. % lJthaN',Illc1n L)r. X,1 KaiiLsh<lll¢111iaii l)r. N'l Visi4'aii'iili<in .1 r. N Sliaiiiiiii(Jath¢lS IIN. D ShanmLigyatha% Mr. Aniip Kai'ia Cl)airperson %ecretary 'J rcclsurer (I)LLLa4LII 8 Noi, ?.3) Principal oflice 19 Highbanks Road Hatch End Middx. HA5 4AR liid¢i)endent F.xan)iner MR. Thiruparan Thuraisingam Sai Accounting Services Limited 54 South Park Road Ilford Essex IG I I SS Banker¥ 13aiik ()1'13aroda 2 1'.alin(T Rnad WLmblL) IlraiiLII (4lCLI)unl il(1scLI ()8 N()v ?.3) 111I04TL l.. Ii)vds Elank Viclc)ria 13r¢iiich P O El()x 100() IIX I I I.T (neil, aLLiiunt ()pened SLP 271

OPTIC.AL SEN'A IIEPORT OF THE TIILf%TF,F,% FC)11 THF. YFAR EN'DF,I) 31 OCT()IIF,R 2024 Finaii¢ial StateEnents -I'hL -l-riisteL% preseiil ilILir rLporl al()nLI w'illi thc l inanciigl stalLiiionls ()I' Ility Lliai'itN tor ilie Ne¢21' endcd )] ()LtcibLr !ll?4. '1'hL finiinlial %lalemeiils hai.c liicn prLP¢ifi'd in aLcoi'claiiLe li itli tlie aLcouiitSTigi i)olicics but OLIt ()n paoiL 8 ¢iiid ci)mpl! ith th¥ ihariil s ci)nstitiition and appl iLal)Ic law. C"ungtitlltion and ()bjLCtS ()ptiLal SL va ]% a wolunt¢irN c)I'giani%atii)n rcgYi%tcrcil as a Llidi'itN' haw iiigi (1 LL)11.%titiili()n a ils gJoi.'ci-iiiiig d()cumciil. TIIL Tlliiin c)bjLCts ()I' the L'hai'ilN' are lh¢ i)r()m()l ii)ii ()I' PLibl ic liLal Ih, InLdiLal i-L%Lai'oli. and ti'aining. I'LI let. ()t' p(l￿'enj and i)I'i)N'j(Ijiiiy (lid li) ho81)it1< 1% fi)I' LIIIIiPIIILlIt and iiicd ii'il CclrL. ()r&iani+i&ti()n Meiiil)ei'shftp ()f" Ilie C l)411'itv is C)PL'lI tc) ?L nN' pers()ii oi'er tlie Ll&)e ol. ? l N'Lcirs inlei'e%led in fiiitheringy th¢ c)bjLcts Ot" thL C'h&ifiiv. The IiiLmbcrs ()f'iliL C'harit). ellit ihL B()<1rd ()I'TI'iistLLb and Ih¥J' hold ()t"tic¥ l()r &1 PLrii)d (If" IlirL'¢ )'¢ars aiid thL: foiindL'r mLiiibei's ot- Bo&ird shall I'emdili 111 c)f7io¢ for a period c)r Sl.K kLars aiid ¥liall bL' el i¥TriblL toi- r¢- el¢Lti()ii. Thc -l-riistccs i￿h(} liavc %Lrved duriii&) thL vcar c?rid %jlloL IIIL !'Cc?r-eiiil arc Ict l)Ul 011 PiI<VL aiicl no ti-u%lccs i'L¥ClVL'd aiij. rcmuncr1c ti()ii i)r bcnL't'it.s troiii tlic ch¢iriti' diii'i no IIiL' I kn''L'ar cind :I l()ial suin ()1: £38:1100 w'ere dc)niiied ic)Wiirds %ri Siiih %£li tree Iiiedical care prc)joil. 'I'hL' tru.%lcc% bL'licK'L' IhLiI IIIL l%()rL Ihc'N' do .j()iiiilN' Nviih %ri %aihicl %¢qi ()rgaiiisatii)n liirl'iiil i IiiPl'(IVLlllèlit to I'lie IiLiilili c1nil C41re i)I'ihL IciL&il pe()ple. In addilioii, Ili¢ Lliurilx, d()naled .l).i7.fi ic) Ii)L'i l Lliai'itiLS iiI I,cinLlcin dLlI'ing tlie } ¢<lr. TIIL expenditiire ha.g <iiFaiii beLii f ull), tinJnLecl b¥. di)natiL)iis aiid vc)luiit¢if} L(Illti-i bLltions from meiiibii'%. TIIL 11)einb¢'rs are t.ullv committed to thi% 4erviLe. 44iicI thi4 is tlie Llll-n¢i'4t()ne c)I"the ¢h<iriL￿,S Ll)IllinuingY siicLess. Tlie c)ulloi)k fc)r the LiJri'Lnt I'¥ar reinains iy{)od. hoi¥evei' tlie Bc)&ird ot" Trustees ivi11 h4iie l(} L()iitinue thei I. ¥fiorl Iiioi'e i, Iglijrouslv to ¥llsLire tlie fiitiii'e 1% el I seiiired.

Risk Mana%ement and Reserves Polici:. -I"lie 'fru8lee% aLlii'el i rek jew ihc iiiajc)r risK- hich the iliaritK' laLe¥ c)n ¢1 regiular ba%14 ,Ind c()nsidcrino) rhc ioiilinuc)Ii% drop in doiiatii)ns and i.'oluntari' c.ontribuiioiis rc.%()IN'cd tc> ileofr'eJ%¢ the i-¢s¢1'i e% Iii Ihe LLlI-i-eiit lekel. 'l-hei-e 1% ei el'k ¥C)ii fideiice iliat tliL" LharitN ii. 111 bc abli Io Loiiliniiv Il'lth the present level ol activitK' in thc tLlturL. Trustee% Re%poiisibilities iii relatioii to the financial tytatenieIits. 'I"hc la￿, ' ri IiiL the fincifiL i¢il positii)n ol. Ili¥ charil!, Ic nd cn<lblc tli¥in lo cn%LlI-e il)at Ilie ti iiaiiii£il sialeineiil% ¢()mplN' ith Ihe C'h4iril} % .4Lt ?0 I 'I'IIL)1 IL I-L 4115() I'tySP()llbihlL' l(Ir S<2tCglU¢irdingT thc a%sLl% ()I'tIIL Lliai'it), ai)d IILnLI Icir taking reclS{)iial)IL %tep% t.or tliL l)reveiitic)ii ai)d (ILtLLtiiiii of IriaLid i1nd ()thLr irreiiulill'itiL%. Ai)i)r()I'cd bi. thL tru4tecs and %igJiiL'd ()ri tli¢i I. l?Llial t b>. Mr. S SreecumAr Chairman.

Independent Examiner's Report to the TrusteL'S of Optical Sev2 rcport on the accounts ol: Ihe Charilw t.or the veal. ended 31. Oclober 20?4. Respective re5ponyibilities of trustees and examiller. 'I'lie charitN % tru%tee% arL I'e%pi)Ii%ible f()i- tlie prcpcll'aliL)n i)t: Ihe acL(Iiint%. 'I'l)e iharitN tru%lcc% considLr Il)¢lt an audit is not rcquii-CLI for thi£ i'eLlI' uiidci. sLctioi) 144(2) of the Charities Act 2011(the ?0 I l Act) and that an independeni examination ib needed. It 1% iiiy I'e%poii%ibiliti.' l().. LXLiniinL ihc LlCCOUllts undcr sectioii 145 of thL ?(11 l Act to follokN' thc procedui'LS laid dom-i? iii tlic LieiiLral di rLCtions ¥iN'en bi. tlIL' ('harit}' (.'.ommissioii iii)der Suction 145 {5) (b) ol. tlic 20 I l .4¢t and Ic) State w-hether particular iiiatlLrs have Ci)me to mi: attentiL)n. Basi$ of independent examinL'r's report Nqi, L'X<illiiiiclticin was Carried L)ut iii aLL(Irdu a% trii%tei.% L'()iiLI'i'ni iig) dliy such mLlttLr%. -I'lie pr(IL¢dui'i.% uiideiiakeii d() n()t pi'()vide dll tlie ¢vidi'llLL' that ￿llUld bL I'¢quirLcl iii (111 {iiidit, Liiid Li)n%eq uL'iitly ni) i)pini()n is Lyiveii a% t() wlietliei. tIIL' dL'L()unt% pi-L%eiit cl, trLie (Incl fair w ieMI' aiid the rep(irt isl i iiiited t() th(i%e ni(ttter% sel Out iii tlie %i<lteiiieiit bel()w. Independent examiner's statement In cLiiineLlii)ii li lili my exc21ninalion. 110 maitei. has cc)Ine io mi, 42ltenlioii: ( I I wliiL li b) li'e% iiiL rLcl%()IliiblL LJii%e lo beliL'VL that in any matLriiil rLspect tlie I'eLouiremenls (a) to k-LCP ilCC()untinu rccords in aLcordicnce w.ith scctioii 1.30 of tlic ?()] l Act; and (b) t() prepill-e aLci)unts whiLli aiL()r(l iwith Ihe aLLI)Lllltin(y rL'c()rd% dii£l c()nipl}' witli tl)¥' aL'L()Ulltiiigr reqiiirL'mLnl% ()f the 21111 ,4ct hdN'L ii()t been met., ()r (-) io ivliiLh. iii Iny opinion. allenlioii slioLilcl be dr£i￿n in or(ler li) Lll&ible a propLI' unLlerstanLlincy ol-tlie accounls to be reciclied. Mr. Thiruparan Thuraisingam Sai Accounting Services Limited 54 South Park Road Ilford Essex IGI ISS ns) A, FFTA, MICA Sai MG¢ounling Sery%Ges Ltd 5¢1 ParK Road. Illuid, Essex IG1 ISS T A4(U)20 8553 3849 1 +44lO)738581 1221 Tr¥TU@$813CCtg.¢om .S318CCtg.com

01)TICAL sE￿A ST_4TEIWIENT OF FINIINCIAL AC.TIVITIEI S FOR THE YEAR ENDED 31 OC,TOBER 2024 General Fund.$ De5igi)atL'(I Fiinils 1'oÉdl Tr'unds 2024 Total Funds 2023 INcO￿lE AND EXIJINDITURE Incomin% resi)urce Mk"ml)L'is SiJl)sLripiions 1.75? 1,156 Donations Tax claim Interest received l ).(169 14.419 67,520 14.419 285 74,806 29.240 29,240 Resoiirces F.xpended C-Iiaril:IblL' r.,xpLnclilLirL': Ilel let" An<1 Medical Aid Ilaiik L'l)arbies 4ind Sundi'>' 44,175 83,12 357 Total Resiources Fxpended 44.210 44.210 83,486 Nel(oulgiiiiig) l iiiLomi ng rcs1)ui'Les bLIoi-L Iriinst-ers Ciros% Ii'anslei- bLlwLeii l iiiids (14,970) {14 C)711} {8.68(11 (Defieit)%urpliis For the vea r (14,970) (14.970) (8,680) RLcoiiLiliatic)ii ot. tLllI(I l ot<)I liindts l)roiigrht tc>rivLird 53.1112 61,782 'I"ot#l funds cai'rie41 forward 37,821 38,132 53.11)2

OPTICAL SEVA BALANC.E SHF.F.T A() AT 31 OCTOBF.R 2024 G"en¢ral funds Designated funds Total fiind 21124 Total funds 21123 CliRRF.NT.4%SE.TS c.ash at Baiik dnd lii Haiid .102 Debtors 14,419 14,419 37,821 38,132 Genei'<il F und5 Design<ll¢d fuiid8 37,821 38,132 Appi'oved by tlie board ot. triistee8 aiid sigyiied on il)eii' behilt" l)!. Mr. S Sr¢kncLiinai' Cliairinan

()I)TICAL SF.IrA YOTF.S TO THTr, FINAIYC:1,4L S'I'.4TF.NIF,N'TS FOR TIITr. I'F..4II F.NDF,D 31 ' ()c"roiiTr;R 2024 I. AC.:C.:()UN'I'IING PQLIC."ITr'S Aciiiunting C(InTrention Thc tiiiaiiLial statcmcnl% have bcLii p)rLpared oli a gJoing) conccrn und¥r tlic hisi()rical ci)st 0111(Liiti()n cqnd iii acci)rdance i¥.iili appl icabli clCLOLinting %iandai'ds qiid S, iatemeiit of IlèLc)mmeiiLILLI Pi'dLIiL¢. '.JlcLC)Iiiiliniy and Reporlinir L)i.' C harities l %()R 1> Inci)mii)g RL's()urces Iiic()m iii() rcscltiJ'LL4 IIILludc the t()lal <im()unt i)t" donalior)s and k'()liiiitari.' ill¥oinc recLiN.'ablc iii i-e%peL i ol" (lie }.-e<ir. RL',%iiurLL'S F,IpL'llde(I .X.l)Lllil iliii'e 1% illiludèd ii.'hLII IIILiirreil. C'haritaLIlc CXPLnd itLirc ci)Ini)riscs ¥XI?Lnd iturc directly attril)Iiiablc t() thc mqiii a¥tivitics and ()l)jiLl4 c)r the ch£iril}'. ruiid ALLI)unting -unds lield b), Ihe charit.y rL: I I i)I'i41 I'ii(o'il gyL'nL'I-:Il fiiiid%: Ihese Lirt. lun(1s wh ich L<ili hL Lised in £lLL'OI-Llilllie lili the ih<irilal)le ()l)jCLI% Lil ili¢ d isLI'¢I ioii ()f" tho B(), the Irustccs oiit ol. LiiifL%triitL'd g?cncri11 fiiiicl% fDI' i I li piirp()scs. C'.dsh Fli.Iw %talL'iné'nt The chsll'iti ha.s taken (Jdvantlc lie ()t' the cx¢iiipti()n iii Financial RLI)i!rting Standai'd (12 81-.)R l) Ir(Im iIiL fLCIII II'L'IIILnt t() prLidLILC ¢1 Lash fl()i slalcmLnl.