## **GLOUCESTERSHIRE EYE THERAPY TRUST** ## **Charity No: 1100501** ## **Financial Year End 31/3/2025** ## **Ref : AR25-REM-10g-1100501-G** The Gloucestershire Eye Therapy Trust exists to channel funds given by grateful patients and other supporters into equipment for the Eye Departments of Gloucestershire Hospitals that the NHS is unable to fund. This support keeps our Eye Department at the forefront of the care of eye related problems and can attract the best ophthalmologists to work here. Between 2004 and 2020 GETT provided £1,212,706 for equipment and a donation for the refurbishment of the Eye Department Outpatient area at Cheltenham General Hospital. Since its inauguration in 1976 GETT has donated over £2 million for the Eye Departments of the Gloucestershire Hospitals. The Eye Therapy Trust has seven Trustees and Dame Janet Trotter is our President. We have a Part time administrator but no paid employees. During the year one of our Trustees has died, but currently we are hoping to attract a replacement Trustee. We own no property and do not have specific policy documents. We do not cover safeguarding areas and do not work directly with the general public or patients. No serious incidents have been reported. The current year covered by this report was quiet as far as purchases are concerned, but there wre a number of high value requests in the pipeline. These must be cleared by the Hospital Trust before procurement and our funding donation, can be advanced. However, we have funded two new banners for GETT for display at the two main eye departments in Cheltenham and Gloucester waiting areas. We have also donated towards a plaque to acknowledge our partial support for the refurbishment of the Outpatients at Cheltenham along with a donation from the Charles Irving Memorial Fund. Attachments for the DRV slit lamp used for training ophthalmologists of the future were funded as well as two specialist treatment chairs. One of these was a top-up for an examination chair part funded by a private fund-raising exercise by a retired hospital worker. The other was funded urgently when a research chair became unusable, halting the research work that was not supported by NHS funds. We were also able to support the community outreach Diabetic Screening service that required a second clinic van. This unique service is part of Prof Peter Scanlon’s work around the county. All these donations are directly for the benefit of patients from Gloucestershire and beyond that has helped to keep the Gloucestershire Eye Departments at the forefront of Ophthalmology Care. I submit this report on behalf of the Trustees of the Gloucestershire Eye Therapy Trust. Dr Andrew Crowther, Chairman GETT January 2026 Cha￿ty reglstt7Uon number: 1100501 GLOUCESTERSHIRE EYE THERAPY TRusr TRUSTEES, REPORT AND UNAUDITED FXNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gloucostershiro Eye TherJpy Trust Contents P•9• Reference and Admlnlstrntlve Oetslis Trustees. RerA)rt Independent Examlnevs Repjrt statement ol FIna￿la1 A¢tlvlUe5 Comparative Staternent of Financlal Actlvltles st*ement of Anancw Posltlon Note5 to the Flnandal statements 8-13 The lollowlng pages do not lom part of the statvtory acccurts: Detsiled Ststement of Finonclal Actlvltles 14 GlOuc￿tershIre Eye Therapy Tru$t Reference and Admlnistratlve Detalls For The Year Ended 31 March 2025 TruBteeg Mr S Guildford 8sc(Honesl Mcoptom Mrs J Lane Iresioned 07111120251 Professor A McNaught MD FRCOphth Mr H Wilkinson Bsc MAICS Dr A Crowther BM Bch Mr M Bull Bs¢ FCA Mrs E Day SRN Irtslgned 14110120241 Mr N Symondson {appointed 03112120251 Mrs P Feryvson lappolnted 03112120251 Ch•rlty Nwnlxr 1100501 Pvlndpal Addre•• Ilb Mory Street Cheltenham Gloucestershlre GL52 6DR Indw•nd•nt Examlnv Ian ￿ce FCA Grffflths Marshall Buslr*ss Advlsory Ltd Chartered Accountants 4th Floor Llanthony Wareh)use Gloucester GLI 2EH Page I Gloucestershire Eye Therapy Trust Trustees. Report For The Year Ended 31 March 2025 The trustees present their repert and the financial statements for the year erbded 31 March 2025. ObJe¢tlve$ )nd A¢tlvltl•s Alms and ObJectlve5 The Gloucestershire Eye Therapy Trust Is è Gloucestershire based charity dedlcated 10 SUPPOrting eye treat￿￿￿t and care in the community. The objectives of the charity are to prom¢te and advance the study practlce of the diagn05iS, treatment and care of eye diseases in Gloucestershire, and the area covered by the Glouce5tetshlre Eye Department, and to support research Into eye diseases. Publ5¢ Benefit The trustees confirm thot they have complied with the requirements cf SectSon 17 of the Charities Art 2011 to have due regard to the Charity Cornrnis5ion'5 guidance on publlt benefit. Achievements and Performonce Maln Achlevements There have been a number of Sntere5tlng and Important requests for equipment that have been passing through our Appllcation Scheme. Jt is important to have details of the equiprnent requested as well as up-to-date tostings. These have sornetimes taken time since the Hospital Trust have to agree to such purchases. During the year, GEtT provided lunds for the purchase of a treatment chair for the new Ophthalmol¢gy research treatment room withln the Ophthalmology research department. also agreed to fund two catarart a55e5sment IOL700 machines, one to replace an old verslon at Cheltenharn Outpatlents and one for the busy outpatient cllnic at Tewkesbury. The Trtjstees were also happy to CQn5ider funding tD connect the IOL machines at CGH an(1 Tewke5bury with the patient eleitronic record systern, Medislght. so that all Ophthalrnic clinics in Gloucestershire can have acce55 tD information about the investigations Dn their patients. We were delSghted to learn that a new consultant, Mr Reynolds, had been appointed to help run the busy Tewkesbury cllnlc. pat￿entS who have proceeded to have their cataract operation at Tewkesbury have been impre55ed by the Service offered the￿. GETh has algo agreed to fund a DRV Slit larnp and a Reteval Visual Electroretinogrèhy handheld machine that Is particulady helpful fDr assessing problems within the eye, especlally in chlldren. We have contributed to a plaque In the entrance lobby of Cheltenham Eye Outpatlent Department commemorating the refurbi5htnent of the departrnent In conlutKtlon wlth the Charle5 Irving Trust. We have offered to help improve the Optometry Department at Cheltenham whlch was not inclu(Sed In the recent Outpatlent refurbishment. The Eye Therapy Trust is very grnteful to the many people who donate to our lunds, either in various indivldual way5, by regular payments or in wills. We have come to rely on these methods of fund raislng for the Important and renowned work of our cOnsu￿antS ond staff of the GloucegtershlrÈ EYÈ OepartmÈnt. As a small group ¥ve hove not been able to carry out mort extensive fundralslng slnce the Covid pandemic, but any help and 5Uggestlons would be very welcome. Durlng the year we lost one Trustee, Elaine Day, and Jackie Lane and l attended her funeral. 5Snce then we have v4elcomed Nick SymDndson who ha5 agreed to becDtne a Trustee. We hope that Penelope Ferguson who worked in the Optornetry Department at Gloucester will also agree to joSn us as a Trustee. klowever. ￿ wa5 wlth great sadne55 that I have received the resignation of JackSe Lone, who has been a link with the Trust atbd the Charles Jrving Trust for many yeats. Her wlsdom nd experience as a mind on the Trustee5 will be gteatly mlssed and we wish her well for the future. Flnanelal Revlew Flnanclal Posltlon The finances of the Eye Thernpy Trusl remain healthy and we are exploring ways of spreading the natrt of the Trust In the post-covid era. The TrustÈÈs will cDntinue to monitor all potential actl¥ities to improve the finances. Structure. Governance ond Monjgement Governing Documert The Trustees who have served durlng the year and since the year end are Set Dut above. Trustee5 are appointeQ by the Board and can hold office for life. subject to arrangemeTtyts of the Trust Deed. The Trustee5 meet on a regular basis thmughout the year. Trustees have had regard to Charity CommSssion guicsance on publk benefit. The trust is constituted under è irust deed dated 23 July 2DO3. Page 2 Gloucestershlre Eye Therapy Trust Trustees. Report (continued) For The Year Ended 31 March 2025 The trust￿, report was approved by the board of trustees and slgned on h5 behalf by.. Dr A Crowther MA BM 8th Trustee 3rd December 2025 Page 3 Gloucestershire Eye Therapy Trust Independent Examiner's Report to the Trustees of Gloucestershire Eye Therapy Trust For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Gloucestershire Eye T￿rapY Trust (the Trust) for the year ended 31 March 2025. Responslbllltles and Basls of Report As the thadty trustees of the Trust you are responslble for the preparation of the aecounts In accordance with the requirements of the Charityes Act 2011 1.the Art"). I ￿pOrt in respect of rny examination or the Trust¥ accounts carried out under section 145 of the 2011 Act and In carryln9 out my examination, I have followed the applicable Dlrettlon5 given by the Charlty Commlssion under section 1451Sllbl of the Act. Independent Examlner's Statement I have completed my examination. I Confirm that no mètenèl matters have come to my attentlon In COnnect￿n wlth the examlnatoon givlng me cause to beI￿ve that In any matenal respect.. l. accounting records were not kept in respect of the Trust ès requlred by section 130 of the Act,. or 2. the accovnts Oo not accord with those re¢ords,' or 3. the accounts do not tomply wlth the applicable requirements concernlng the form and contents of accounts Set out I tr* Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'twe and fair vieW which is nrt a matter considered a5 part of On independent examinatlon. I no concems and have come atross no other matters in connectlon wlth the examlnatlon to whlch attention should be drawn in this report In order to enaUe a proper understanding of the accounts to be reached. Ian Price FCA 215t January 2026 4th Floor Uanthony Warehouse Gloutrster GLI 2EH Page 4 Gloucestershire Eye Therapy Trust statement of Financlal Activities For The Year Ended 31 March 2025 2025 2024 Unrestrfrted Re*trirted fvnds fund Total funds Total futtd$ Notes INCOME AND ENDOWMENTS FROM: Donatlon5 and legacie5 Investrnents 73,861 912 3.t)DO 76.861 912 414,737 335 74.773 3,000 77,773 415,072 EXPE14DrnIRE ON: Charitable èdivities 110.3111 110.3111 {161,8611 ' NET INCOME 66,626 836 67,462 253,211 Transfers between funds 14 14641 464 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total furK1s brought forward 66.162 1.300 67.462 253,211 618.262 1,700 619,962 366.751 TOTAL FV140S CARRIED FORWARD 14 684.424 3,000 687,424 619,962 The notes on paoe5 B to 13 form part of these flnancl31 statements. Page S Gloucestershire Eye Therapy Trust Comparative Statement of Financial Activities For The Year Ended 31 March 2025 2024 Unrestrlcted Restricted funds tunds Total funds Notes INCOME AND ENDOW14ENTS FROM: Donation5 and legacles Investments 413.037 335 1,700 414,737 335 413.372 1,700 415,072 EXPENDMIRE ON: Charitable activities 1161.861) 251,511 1161,8611 NET INCOME 1.700 253.211 NET MOVEMENT IN FUNDS RECONCILIATIOhl OF FUNDS: Total fund5 brought forwar 251,511 1.700 253.211 366,751 366,751 TOTAL FUNDS CARRIED FORWARD 14 618,262 1,700 619.962 The note5 ￿ pages 8 to 13 forni part of these financlal statements, Page 6 Gloucestershire Eye Therapy Trust Statement of Financial Posltion As At 31 March 2025 2025 2024 Unre6tr1rted Restrlrted funds funds Tot)I funds Total fund$ 14otes FIXED ASSETS Tanglble Assets li 30D 300 449 300 300 449 CURRtNT ASSETS Debtors Cash at bank and in hand 12 64,057 558,906 687,747 3,000 690,747 687.747 3,000 690,747 622,963 Credltors: Amounts F•lllthg Due Wlthln One Year 13 13.623) 13,6231 13,4501 NET CURRENT ASSEfs (LIABILIIIE51 684.124 3,000 687.124 619,513 TOTAL ASSETS LESS CURRENT UABILITIES 684,424 3,CQO 687,424 619,962 NEf ASSETS 684.424 3,DOO 687.424 619,962 FUNDS OF THE CHARITY Restricted Funds Un￿tr[Cred Funds 3,000 1.700 684,424 618.262 TOTAL FUNDS 14 687,424 619,962 OTh behalf of the board Dr A Crowther MA BM Bch Mr M 8ull Bs¢ FCA Trustee 3rd DecEYnber 2025 Trustee The note5 on page5 8 to 13 fomi part of these finantlal statements. Page 7 Gloucestershire Eye Therapy Trust Notes to the Financial Statements For The Year Ended 31 March 2025 l. Gener41 Informatltrn Gloucestershire Eye Thernpy Trust Lg on unincorporated charity registered v4ith the Charlty COMMI￿lon, registered charity number IID0501. The principal address Is Ilb Priory Street, Cheltenham, Gloucestershire, GL52 6DR. 2. Accountlng Poll£le5 2.1. Bosls of PreparatSon of Flnanclal Ststements The financial statements have been prepa￿d in accordance wlth the Charlties SORP IFRS 1021 Accounting and Reporting by Charities.. Statervent of Recomtnended Practitr èpplicable to charities preparin9 their accounts in accordance wlth the Financial Reporbng Standard applicable in the UK and Republlc of Irdand IFRS 102) (effective I January 20191. Finanti31 Reptsrtln9 Standard 102 Yhe ￿nancIal Reportlng Stand3rd opplicable in the UK ènd Republic of Ireland" and the Charities Art 2011. The charlty 15 a PUNIC Benefit Entity as defined by FRS 102. 2.2. Fln•nn an accruals basss as a Ilability is incurred. Expendlture Includes any VAT which cannot be fully recevered, and Ss classlfied under headings of the statement of financial activ((le5 to which it relBtes'. expenditure on raising funds includes the costs of all fvndrnlslng attivities, everts. non-charftable tradlDg activitles. and the sale of donated goods. expendlture on tharitable attivifies Includes all costs incurred by a charity in undertaking attivltie5 that further its charitable aims for the benefit of Its benenciaries, includlng those support costs and r05ts relating to the governènce of the charlty apportloned to charitable activities. other expendlttjre includes all expenditure that Is nelther related to raisiThJ funds for the charity nor part of Its expenditure on charitèble activities. I c¢sts are allocated to expendlture categorie5 rellectlng the use of the resource. Dlrect cests attri￿table to a single actlvlty are allocated directly to that activity. Shared c￿ts are apportioned between the activities they contribute to on reasonable. justifiable ènd tensistent basls. 2.7. Tanglble Flxed A55ets Ind Depre¢l)tlon Tanglble flxed assets are measured at C05t le55 accumulated deprectation ènd any accumulotel impairrnent lesses. Depreciatlon Is provided èt rotes calculated to wrlte off the cost of the flxed assets, less their estirnated residual value. over their experted useful live5 on the followlng base5'. Computer Equlpment 2S% Stralght Line 2.8. Cash and Cash Equlv•lents Cash and cash equivaknts are basic finantial assets and Include cash in hand and deposts held at call wlth banks, other short-term highly Ilquld Inv￿tmentS that mature In no rnore than three months fram the date of acquisition and re readily convertible to a knevln amount of cash wilh in5ignlflcanl rlsk of change in value, and bank overdraft5. 3. Xncorne from Donation# and Leyades 2025 2024 Unrestrirted Restrlcted Totsl Total funds funds funds tundB Donatlons and gifts Legacie5 Grants 5,966 67,895 2,500 8,466 67,895 500 8,137 406.600 500 73,861 3,000 76,861 414,737 4. Investment Xncome 2025 2024 Unrestrithd Total funds funds Bank interest ￿CeIV&ble 912 335 S. Net InCornel(Expendl￿re) The net income is ststed after tharging/lcreditlngl'. 2025 2024 Depreciation of tangible fixed assets - owned 150 Iso Page 9 Gloucestershlre Eye Therapy Trust Notes to the Financlal Statements (continued) For The Year Ended 31 March 2025 6. An•lysls of Expendltur¢ 2025 Gr•nt fundlng of Support actl¥ltles costs (see note 7) (see note 81 Total Support of Gloucestershlre Eye Department 4.334 5.977 10.311 1024 Grant fundlng of •rtlvltles (see note 7) (see note 81 Support Totsl Supptrt of Gloucestershlre Eye Deportsnent 155,944 5,917 161,861 7. Grants p•yable 2025 2024 Grants to Gr•nts to Institullon• Instltutlons Support of Gloucestershlre Eye Department 4,334 155,944 Grants pald to Institutions, included above, are as follows: 2025 2024 Glcucester5hlre H05pltsls NHS Foundatyon Trv5t 4,334 155,944 8. Support Costs 2025 Support of Glouce5tershlte Eyè Department Premises expenses General adrninistratio Depreciation 13 5,814 150 5,977 Page 10 Gloucestershire Eye Therapy Trust Notes to the Financlal Statements (continued) For The Year Ended 31 March 2025 2024 Support of Glpu£estershlre Eye Department General administrauon Depreeiation 5,767 150 5,917 9. Ind¢pend¢nt Ex•mlner's ReM￿er•tIon 2025 2024 Independent examination of the f¢nandal statements other assurance services Tax advlsory servlces Other flfianclal servlces 1.200 1,200 1.200 1.200 10. Aver•9e Number of Employees Average number of employees durlng the year was.. NIL 12024: NIL) 11. Tanglble Assets Computsr EqulpmÈrrt C05t As at i Aprll 2024 599 As at 31 March 2025 599 Depr¢cl•tlon A5 at l April 2024 Provlded durlng the perfod 150 149 As al 31 Marth 2025 299 Net Book Value As at 31 March 2025 300 As at l April 2024 449 12. Debtors 2025 2024 Due within one year Other debtors 64,D57 Page 11 Gloucestershire Eye Therapy Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 13. Ctedltor&: Amounts F•lllng Oue Wlthln One Year 2025 1024 Acciuals and deferred Income 3,623 3,450 14. Movement In Funds As at l April 2024 Asat31 March 2015 Income ExpendI￿re Tr•nsfer6 Unrestricted fvnds General.. GenEral u￿￿tricted fund Deslgnèted.. owards Chair 570,954 74.773 18,1471 165,920) 571,660 2,164 45,144 12,164) 42,840 22,780 2.000 IOL Master 700 DRV Treatment Chalr 87,984 22.780 2,000 47,308 65,456 112.764 Totsl unre5trlcted funds 618,262 74.773 18,1471 14641 684.424 Restrlcted funds Howard5 Chair IRI Laptop Purchase IKI Trdining Ald Attachment IRI IOL Master 700 IRI 1,700 12,1641 464 500 2.000 soo 500 2,000 500 Total r•strSrted fund$ 1,700 3,000 12,164) 464 3,000 Total funds 619,962 77,773 110,3111 687,424 A# at l Aprll 2023 Asat31 Marth Z024 Income Expenditure Transters Unrertrlcted funds General.. General unre5tncted fund Designated: Howards Chair IOL Master 700 366.751 413,372 1161,8611 {47,30BI 570.954 2.164 45.144 2,164 45,144 47.308 47.308 Total unrestricted funds 366,751 413,372 1161,861) 618,262 .CONTtNUED Page 12 Glouce5tershlre Eye Therapy Trust Notes to the Flnanelal Statements (continued) For The Year Ended 31 March 2025 Restrlrted ffunds Howards Chalr (R) 1,71)0 1,700 Totsl fundB 366,751 415,072 1161,861} 619,962 15. Tr•nsactlDn6 v•lth Trustees N¢x)e of the ttustees recefjved any remunwatlon or any other beneflts from an ernployment wlth the charty or a re￿ted ent durlng the current c¢ prevlous yew. No tW5tee expenses have been Inturred. 16. Related P•rty Do￿0$ureS re have been no related party transartlons In the reporMn9 Fertod that requlre dlscbsure. P•9e 13 Cha￿ty reglstt7Uon number: 1100501 GLOUCESTERSHIRE EYE THERAPY TRusr TRUSTEES, REPORT AND UNAUDITED FXNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gloucostershiro Eye TherJpy Trust Contents P•9• Reference and Admlnlstrntlve Oetslis Trustees. RerA)rt Independent Examlnevs Repjrt statement ol FIna￿la1 A¢tlvlUe5 Comparative Staternent of Financlal Actlvltles st*ement of Anancw Posltlon Note5 to the Flnandal statements 8-13 The lollowlng pages do not lom part of the statvtory acccurts: Detsiled Ststement of Finonclal Actlvltles 14 GlOuc￿tershIre Eye Therapy Tru$t Reference and Admlnistratlve Detalls For The Year Ended 31 March 2025 TruBteeg Mr S Guildford 8sc(Honesl Mcoptom Mrs J Lane Iresioned 07111120251 Professor A McNaught MD FRCOphth Mr H Wilkinson Bsc MAICS Dr A Crowther BM Bch Mr M Bull Bs¢ FCA Mrs E Day SRN Irtslgned 14110120241 Mr N Symondson {appointed 03112120251 Mrs P Feryvson lappolnted 03112120251 Ch•rlty Nwnlxr 1100501 Pvlndpal Addre•• Ilb Mory Street Cheltenham Gloucestershlre GL52 6DR Indw•nd•nt Examlnv Ian ￿ce FCA Grffflths Marshall Buslr*ss Advlsory Ltd Chartered Accountants 4th Floor Llanthony Wareh)use Gloucester GLI 2EH Page I Gloucestershire Eye Therapy Trust Trustees. Report For The Year Ended 31 March 2025 The trustees present their repert and the financial statements for the year erbded 31 March 2025. ObJe¢tlve$ )nd A¢tlvltl•s Alms and ObJectlve5 The Gloucestershire Eye Therapy Trust Is è Gloucestershire based charity dedlcated 10 SUPPOrting eye treat￿￿￿t and care in the community. The objectives of the charity are to prom¢te and advance the study practlce of the diagn05iS, treatment and care of eye diseases in Gloucestershire, and the area covered by the Glouce5tetshlre Eye Department, and to support research Into eye diseases. Publ5¢ Benefit The trustees confirm thot they have complied with the requirements cf SectSon 17 of the Charities Art 2011 to have due regard to the Charity Cornrnis5ion'5 guidance on publlt benefit. Achievements and Performonce Maln Achlevements There have been a number of Sntere5tlng and Important requests for equipment that have been passing through our Appllcation Scheme. Jt is important to have details of the equiprnent requested as well as up-to-date tostings. These have sornetimes taken time since the Hospital Trust have to agree to such purchases. During the year, GEtT provided lunds for the purchase of a treatment chair for the new Ophthalmol¢gy research treatment room withln the Ophthalmology research department. also agreed to fund two catarart a55e5sment IOL700 machines, one to replace an old verslon at Cheltenharn Outpatlents and one for the busy outpatient cllnic at Tewkesbury. The Trtjstees were also happy to CQn5ider funding tD connect the IOL machines at CGH an(1 Tewke5bury with the patient eleitronic record systern, Medislght. so that all Ophthalrnic clinics in Gloucestershire can have acce55 tD information about the investigations Dn their patients. We were delSghted to learn that a new consultant, Mr Reynolds, had been appointed to help run the busy Tewkesbury cllnlc. pat￿entS who have proceeded to have their cataract operation at Tewkesbury have been impre55ed by the Service offered the￿. GETh has algo agreed to fund a DRV Slit larnp and a Reteval Visual Electroretinogrèhy handheld machine that Is particulady helpful fDr assessing problems within the eye, especlally in chlldren. We have contributed to a plaque In the entrance lobby of Cheltenham Eye Outpatlent Department commemorating the refurbi5htnent of the departrnent In conlutKtlon wlth the Charle5 Irving Trust. We have offered to help improve the Optometry Department at Cheltenham whlch was not inclu(Sed In the recent Outpatlent refurbishment. The Eye Therapy Trust is very grnteful to the many people who donate to our lunds, either in various indivldual way5, by regular payments or in wills. We have come to rely on these methods of fund raislng for the Important and renowned work of our cOnsu￿antS ond staff of the GloucegtershlrÈ EYÈ OepartmÈnt. As a small group ¥ve hove not been able to carry out mort extensive fundralslng slnce the Covid pandemic, but any help and 5Uggestlons would be very welcome. Durlng the year we lost one Trustee, Elaine Day, and Jackie Lane and l attended her funeral. 5Snce then we have v4elcomed Nick SymDndson who ha5 agreed to becDtne a Trustee. We hope that Penelope Ferguson who worked in the Optornetry Department at Gloucester will also agree to joSn us as a Trustee. klowever. ￿ wa5 wlth great sadne55 that I have received the resignation of JackSe Lone, who has been a link with the Trust atbd the Charles Jrving Trust for many yeats. Her wlsdom nd experience as a mind on the Trustee5 will be gteatly mlssed and we wish her well for the future. Flnanelal Revlew Flnanclal Posltlon The finances of the Eye Thernpy Trusl remain healthy and we are exploring ways of spreading the natrt of the Trust In the post-covid era. The TrustÈÈs will cDntinue to monitor all potential actl¥ities to improve the finances. Structure. Governance ond Monjgement Governing Documert The Trustees who have served durlng the year and since the year end are Set Dut above. Trustee5 are appointeQ by the Board and can hold office for life. subject to arrangemeTtyts of the Trust Deed. The Trustee5 meet on a regular basis thmughout the year. Trustees have had regard to Charity CommSssion guicsance on publk benefit. The trust is constituted under è irust deed dated 23 July 2DO3. Page 2 Gloucestershlre Eye Therapy Trust Trustees. Report (continued) For The Year Ended 31 March 2025 The trust￿, report was approved by the board of trustees and slgned on h5 behalf by.. Dr A Crowther MA BM 8th Trustee 3rd December 2025 Page 3 Gloucestershire Eye Therapy Trust Independent Examiner's Report to the Trustees of Gloucestershire Eye Therapy Trust For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Gloucestershire Eye T￿rapY Trust (the Trust) for the year ended 31 March 2025. Responslbllltles and Basls of Report As the thadty trustees of the Trust you are responslble for the preparation of the aecounts In accordance with the requirements of the Charityes Act 2011 1.the Art"). I ￿pOrt in respect of rny examination or the Trust¥ accounts carried out under section 145 of the 2011 Act and In carryln9 out my examination, I have followed the applicable Dlrettlon5 given by the Charlty Commlssion under section 1451Sllbl of the Act. Independent Examlner's Statement I have completed my examination. I Confirm that no mètenèl matters have come to my attentlon In COnnect￿n wlth the examlnatoon givlng me cause to beI￿ve that In any matenal respect.. l. accounting records were not kept in respect of the Trust ès requlred by section 130 of the Act,. or 2. the accovnts Oo not accord with those re¢ords,' or 3. the accounts do not tomply wlth the applicable requirements concernlng the form and contents of accounts Set out I tr* Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'twe and fair vieW which is nrt a matter considered a5 part of On independent examinatlon. I no concems and have come atross no other matters in connectlon wlth the examlnatlon to whlch attention should be drawn in this report In order to enaUe a proper understanding of the accounts to be reached. Ian Price FCA 215t January 2026 4th Floor Uanthony Warehouse Gloutrster GLI 2EH Page 4 Gloucestershire Eye Therapy Trust statement of Financlal Activities For The Year Ended 31 March 2025 2025 2024 Unrestrfrted Re*trirted fvnds fund Total funds Total futtd$ Notes INCOME AND ENDOWMENTS FROM: Donatlon5 and legacie5 Investrnents 73,861 912 3.t)DO 76.861 912 414,737 335 74.773 3,000 77,773 415,072 EXPE14DrnIRE ON: Charitable èdivities 110.3111 110.3111 {161,8611 ' NET INCOME 66,626 836 67,462 253,211 Transfers between funds 14 14641 464 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total furK1s brought forward 66.162 1.300 67.462 253,211 618.262 1,700 619,962 366.751 TOTAL FV140S CARRIED FORWARD 14 684.424 3,000 687,424 619,962 The notes on paoe5 B to 13 form part of these flnancl31 statements. Page S Gloucestershire Eye Therapy Trust Comparative Statement of Financial Activities For The Year Ended 31 March 2025 2024 Unrestrlcted Restricted funds tunds Total funds Notes INCOME AND ENDOW14ENTS FROM: Donation5 and legacles Investments 413.037 335 1,700 414,737 335 413.372 1,700 415,072 EXPENDMIRE ON: Charitable activities 1161.861) 251,511 1161,8611 NET INCOME 1.700 253.211 NET MOVEMENT IN FUNDS RECONCILIATIOhl OF FUNDS: Total fund5 brought forwar 251,511 1.700 253.211 366,751 366,751 TOTAL FUNDS CARRIED FORWARD 14 618,262 1,700 619.962 The note5 ￿ pages 8 to 13 forni part of these financlal statements, Page 6 Gloucestershire Eye Therapy Trust Statement of Financial Posltion As At 31 March 2025 2025 2024 Unre6tr1rted Restrlrted funds funds Tot)I funds Total fund$ 14otes FIXED ASSETS Tanglble Assets li 30D 300 449 300 300 449 CURRtNT ASSETS Debtors Cash at bank and in hand 12 64,057 558,906 687,747 3,000 690,747 687.747 3,000 690,747 622,963 Credltors: Amounts F•lllthg Due Wlthln One Year 13 13.623) 13,6231 13,4501 NET CURRENT ASSEfs (LIABILIIIE51 684.124 3,000 687.124 619,513 TOTAL ASSETS LESS CURRENT UABILITIES 684,424 3,CQO 687,424 619,962 NEf ASSETS 684.424 3,DOO 687.424 619,962 FUNDS OF THE CHARITY Restricted Funds Un￿tr[Cred Funds 3,000 1.700 684,424 618.262 TOTAL FUNDS 14 687,424 619,962 OTh behalf of the board Dr A Crowther MA BM Bch Mr M 8ull Bs¢ FCA Trustee 3rd DecEYnber 2025 Trustee The note5 on page5 8 to 13 fomi part of these finantlal statements. Page 7 Gloucestershire Eye Therapy Trust Notes to the Financial Statements For The Year Ended 31 March 2025 l. Gener41 Informatltrn Gloucestershire Eye Thernpy Trust Lg on unincorporated charity registered v4ith the Charlty COMMI￿lon, registered charity number IID0501. The principal address Is Ilb Priory Street, Cheltenham, Gloucestershire, GL52 6DR. 2. Accountlng Poll£le5 2.1. Bosls of PreparatSon of Flnanclal Ststements The financial statements have been prepa￿d in accordance wlth the Charlties SORP IFRS 1021 Accounting and Reporting by Charities.. Statervent of Recomtnended Practitr èpplicable to charities preparin9 their accounts in accordance wlth the Financial Reporbng Standard applicable in the UK and Republlc of Irdand IFRS 102) (effective I January 20191. Finanti31 Reptsrtln9 Standard 102 Yhe ￿nancIal Reportlng Stand3rd opplicable in the UK ènd Republic of Ireland" and the Charities Art 2011. The charlty 15 a PUNIC Benefit Entity as defined by FRS 102. 2.2. Fln•nn an accruals basss as a Ilability is incurred. Expendlture Includes any VAT which cannot be fully recevered, and Ss classlfied under headings of the statement of financial activ((le5 to which it relBtes'. expenditure on raising funds includes the costs of all fvndrnlslng attivities, everts. non-charftable tradlDg activitles. and the sale of donated goods. expendlture on tharitable attivifies Includes all costs incurred by a charity in undertaking attivltie5 that further its charitable aims for the benefit of Its benenciaries, includlng those support costs and r05ts relating to the governènce of the charlty apportloned to charitable activities. other expendlttjre includes all expenditure that Is nelther related to raisiThJ funds for the charity nor part of Its expenditure on charitèble activities. I c¢sts are allocated to expendlture categorie5 rellectlng the use of the resource. Dlrect cests attri￿table to a single actlvlty are allocated directly to that activity. Shared c￿ts are apportioned between the activities they contribute to on reasonable. justifiable ènd tensistent basls. 2.7. Tanglble Flxed A55ets Ind Depre¢l)tlon Tanglble flxed assets are measured at C05t le55 accumulated deprectation ènd any accumulotel impairrnent lesses. Depreciatlon Is provided èt rotes calculated to wrlte off the cost of the flxed assets, less their estirnated residual value. over their experted useful live5 on the followlng base5'. Computer Equlpment 2S% Stralght Line 2.8. Cash and Cash Equlv•lents Cash and cash equivaknts are basic finantial assets and Include cash in hand and deposts held at call wlth banks, other short-term highly Ilquld Inv￿tmentS that mature In no rnore than three months fram the date of acquisition and re readily convertible to a knevln amount of cash wilh in5ignlflcanl rlsk of change in value, and bank overdraft5. 3. Xncorne from Donation# and Leyades 2025 2024 Unrestrirted Restrlcted Totsl Total funds funds funds tundB Donatlons and gifts Legacie5 Grants 5,966 67,895 2,500 8,466 67,895 500 8,137 406.600 500 73,861 3,000 76,861 414,737 4. Investment Xncome 2025 2024 Unrestrithd Total funds funds Bank interest ￿CeIV&ble 912 335 S. Net InCornel(Expendl￿re) The net income is ststed after tharging/lcreditlngl'. 2025 2024 Depreciation of tangible fixed assets - owned 150 Iso Page 9 Gloucestershlre Eye Therapy Trust Notes to the Financlal Statements (continued) For The Year Ended 31 March 2025 6. An•lysls of Expendltur¢ 2025 Gr•nt fundlng of Support actl¥ltles costs (see note 7) (see note 81 Total Support of Gloucestershlre Eye Department 4.334 5.977 10.311 1024 Grant fundlng of •rtlvltles (see note 7) (see note 81 Support Totsl Supptrt of Gloucestershlre Eye Deportsnent 155,944 5,917 161,861 7. Grants p•yable 2025 2024 Grants to Gr•nts to Institullon• Instltutlons Support of Gloucestershlre Eye Department 4,334 155,944 Grants pald to Institutions, included above, are as follows: 2025 2024 Glcucester5hlre H05pltsls NHS Foundatyon Trv5t 4,334 155,944 8. Support Costs 2025 Support of Glouce5tershlte Eyè Department Premises expenses General adrninistratio Depreciation 13 5,814 150 5,977 Page 10 Gloucestershire Eye Therapy Trust Notes to the Financlal Statements (continued) For The Year Ended 31 March 2025 2024 Support of Glpu£estershlre Eye Department General administrauon Depreeiation 5,767 150 5,917 9. Ind¢pend¢nt Ex•mlner's ReM￿er•tIon 2025 2024 Independent examination of the f¢nandal statements other assurance services Tax advlsory servlces Other flfianclal servlces 1.200 1,200 1.200 1.200 10. Aver•9e Number of Employees Average number of employees durlng the year was.. NIL 12024: NIL) 11. Tanglble Assets Computsr EqulpmÈrrt C05t As at i Aprll 2024 599 As at 31 March 2025 599 Depr¢cl•tlon A5 at l April 2024 Provlded durlng the perfod 150 149 As al 31 Marth 2025 299 Net Book Value As at 31 March 2025 300 As at l April 2024 449 12. Debtors 2025 2024 Due within one year Other debtors 64,D57 Page 11 Gloucestershire Eye Therapy Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 13. Ctedltor&: Amounts F•lllng Oue Wlthln One Year 2025 1024 Acciuals and deferred Income 3,623 3,450 14. Movement In Funds As at l April 2024 Asat31 March 2015 Income ExpendI￿re Tr•nsfer6 Unrestricted fvnds General.. GenEral u￿￿tricted fund Deslgnèted.. owards Chair 570,954 74.773 18,1471 165,920) 571,660 2,164 45,144 12,164) 42,840 22,780 2.000 IOL Master 700 DRV Treatment Chalr 87,984 22.780 2,000 47,308 65,456 112.764 Totsl unre5trlcted funds 618,262 74.773 18,1471 14641 684.424 Restrlcted funds Howard5 Chair IRI Laptop Purchase IKI Trdining Ald Attachment IRI IOL Master 700 IRI 1,700 12,1641 464 500 2.000 soo 500 2,000 500 Total r•strSrted fund$ 1,700 3,000 12,164) 464 3,000 Total funds 619,962 77,773 110,3111 687,424 A# at l Aprll 2023 Asat31 Marth Z024 Income Expenditure Transters Unrertrlcted funds General.. General unre5tncted fund Designated: Howards Chair IOL Master 700 366.751 413,372 1161,8611 {47,30BI 570.954 2.164 45.144 2,164 45,144 47.308 47.308 Total unrestricted funds 366,751 413,372 1161,861) 618,262 .CONTtNUED Page 12 Glouce5tershlre Eye Therapy Trust Notes to the Flnanelal Statements (continued) For The Year Ended 31 March 2025 Restrlrted ffunds Howards Chalr (R) 1,71)0 1,700 Totsl fundB 366,751 415,072 1161,861} 619,962 15. Tr•nsactlDn6 v•lth Trustees N¢x)e of the ttustees recefjved any remunwatlon or any other beneflts from an ernployment wlth the charty or a re￿ted ent durlng the current c¢ prevlous yew. No tW5tee expenses have been Inturred. 16. Related P•rty Do￿0$ureS re have been no related party transartlons In the reporMn9 Fertod that requlre dlscbsure. P•9e 13