2020-12-31-accounts

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ANNUAL REPORT 2020

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IAPB IAPB | Annual Re| Annual Repport 2020ort 2020

Cover photo (Hope) courtesy: Michael Schoenfeld, Tanzania, Eye Corps

IAPB | Annual Report 2020

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Looking to the Future 2
Resilience! 3
CEO Update 5
Global Advocacy 8
Knowledge Management 10
Eye Health Heroes 2020 12
IAPB Africa Highlights 14
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IAPB South East Asia Highlights 19
Seeing is Believing 22
Valued Supplier List 24
Policy Statements 26
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Independent Auditor’s Report to the Members of
International Agency for the Prevention of Blindness 32
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Consolidated and Charity Balance Sheet 38
Consolidated Statement of Cash Flow 39
Notes to the Financial Statements 40
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IAPB | Annual Report 2020

Lookin to the Future g

Bob McMullan, President

The year 2020 was intended to be a landmark year for the eye health sector – but the culmination of VISION 2020 was overshadowed by the massive impact of the �� health care access. And yet, in the face of such sudden adversity, the eye health sector in general, and the IAPB membership in particular rose to the challenge.

Despite the pandemic, we found ways to mark and celebrate a critical era in eye care. VISION 2020: The Right to Sight transformed the sector’s approach to eye health. It brought many new actors – including me – into the sector. As we began to look for ways to mark the milestone, IAPB put together a set of blogposts from key actors and players who contributed to VISION 2020. We also have a set of Vision Excellence awards�� a major role in the development and implementation of VISION 2020. This was a truly sector-wide initiative and there are many individuals whose work made all the ��

�� on a new strategic direction for the next decade to succeed VISION 2020. This new direction will bring together our hopes and aspirations, along with a growing desire for an equitable world, where eye health enables prosperity and well-being. Here’s wishing for a better tomorrow.

IAPB | Annual Report 2020

Resilience!

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IAPB is many things and resilient is one of them. 2020 was meant to be a very �� adapted in creative ways, followed the science and government directives, and collaborated to continue implementing our sight-saving programmes. IAPB’s President Bob McMullan, CEO Peter Holland, and the Secretariat led the way and we can all be proud of what has been accomplished!

��: IAPB adapted to support our members by forming a COVID-19 Task Force early in the year and set up a “Resources Page” on the website to share WHO, CDC and other critical guidelines as well as sharing information on how members were adapting and being resilient.

Board: �� 2021 for continuity since we could not meet in Singapore this year. The Search Committee for IAPB’s next President completed its work and a recommendation will be made for the election process in the coming months which will include ��

11th Global Assembly: For the health and safety of IAPB and its members, the 11th GA in Singapore was postponed for 2020 and cancelled for 2021. We will be convening face to face meetings again as soon as it is safe to do so. In the meantime, we are planning a range of virtual activities for 2021 centred around our knowledge services, advocacy and communications to bring the sector together.

IAPB | Annual Report 2020

WHO: We cheer the �� which was adopted in August with over 40 Member States as cosponsors! Following on the WHO’s �� launched on World Sight Day 2019, WHO is consulting with Member States to set global targets for eye health. These targets were adopted at the WHO Executive Board in January 2021 and will then be adopted at the World Health Assembly in May 2021.

UN: Amb. Aubrey Webson, UN representative of Antigua and Barbuda and founder ��United Nations General Assembly Resolution on Eye Health with support from Ireland and Bangladesh!

Vision for the Commonwealth: Whilst the 2020 Commonwealth Heads of Government Meeting in Kigali, Rwanda in June was postponed, the Vision for the Commonwealth group had been championing school eye health and IAPB remains ��

Assistive Technology: IAPB is liaising ATScale’s Global Assistive Technology and others in the sector, and is considering developing a Refractive Error Coalition in 2021.

Knowledge Sharing: Over the past 8 months, IAPB ran an extensive COVID-19 and Eye Health webinar series with 10 live webinars and 6 recorded interviews. Two were in French and audiences were 120-300 at each live webinar with live streams on social media reaching over 3,000 views! Also check out the Resource Library on the website.

VISION ATLAS 2.0: IAPB’s new Vision Atlas on a digital platform was launched on World Sight Day this year and is chock full of global, regional and county data from the Vision Loss Expert Group (VLEG). It is an invaluable tool for writing proposals and articles and to feed your curiosity.

LANCET Global Commission on Eye Health: With support from IAPB, this milestone publication with new VLEG data came out in early 2021.

Clearly Merger: Clearly founded by James Chen merged into IAPB (on 4th January �� global advocacy for Eye Health.

VISION CATALYST FUND: Founding partners Standard Chartered Bank, UBS, Essilor, James Chen and IAPB aim to strengthen health systems and build markets to provide greater access to quality eye care.

SEEING IS BELIEVING (SiB): Standard Chartered Bank’s SiB project launched in �� the world through grants to IAPB members. We are extremely grateful to SiB for their impact on reducing rates of blindness and visual impairment in our world.

WORLD SIGHT DAY 2020: IAPB members held webinars, virtual meetings and some even held live screenings with all precautions to celebrate our special day. Along with the launch of the Vision Atlas 2.0, member advocacy was front and center on 8 October 2020!

AWARDS: IAPB managed to celebrate virtually 54 Eye Health Heroes�� Leaders, all under age 35 – our future is bright!

Learn more about all of these initiatives at www.iapb.org and take advantage of �� resilience is IAPB and who we all are. As we move through 2021, we can be safe in the knowledge that IAPB is hard at work for our future!

IAPB | Annual Report 2020

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Peter Holland, Chief Executive

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2020 was an extraordinarily challenging year. When we were last all together at the Council of Members meeting in Tanzania, no one could have foreseen the 12 months that lay ahead. 2020 was without doubt one of the most tumultuous years on record. Yet the international battles against COVID-19 and racial inequality are only part of 2020’s narrative. In spite of these challenges, the eye health sector saw change delivered, progress made and milestones achieved of which we can all be proud.

�� In response, we formed the COVID-19 taskforce in April, developing a set of messages that the sector could use whilst advocating for eye health during the pandemic. Focusing on technology, service delivery, advocacy and communities & patients, the taskforce developed advocacy messages, guiding principles and a resource repository on delivering services in the context of the pandemic. The movement for racial equality and the Black Lives Matter campaign gained urgent momentum last year. The protests which swept the world have brought the reality of racial injustice home to so many. Justice and equality lie at the heart of what we do and we will continue to respect and encourage diversity and inclusivity at every level. The hurdles faced last year have shown the resilience, tenacity and willingness of the sector to adapt and to listen. Eye health organisations around the world carried ��

IAPB | Annual Report 2020

Despite these challenges, we have collectively achieved so much:

In partnership with our members, we lobbied successfully for a World Health Assembly Resolution on implementing Integrated People Centred Eye Care, making eye health an integral part of Universal Health Coverage. We are now working with WHO towards a second World Health Assembly Resolution in 2021 to set global targets for eye health.

Our advocacy at the United Nations with the Friends of Vision group continues to move on apace. New Ambassador co-chairs from Bangladesh and Ireland have joined ranks with Ambassador Aubrey Webson from Antigua and Barbuda to lead �� UN General Assembly Resolution on vision. It would be a landmark resolution, placing the issue of eye health at the heart of the 2030 Agenda for Sustainable Development.

We launched the new Eye Health Heroes programme, supported by Allergan. In October, we celebrated the achievements of over 50 Eye Health Heroes from across �� connect with key sector leaders whilst developing new skills.

World Sight Day this year was the best yet. 2020 year’s theme of ‘Hope in Sight’ �� opportunity that good eye care can bring people. It was a real honour to demonstrate the importance of this optimism and opportunity during our call with Her Majesty the Queen, Her Royal Highness The Countess of Wessex and three inspiring Eye Health Heroes, all working on the ground to deliver eye care within their countries. The call �� public-awareness of the day in years to come.

We have run a series of webinars and interviews to provide information and support to our members during the pandemic. We also published the second edition of the Vision Atlas – the authoritative source for the latest data and evidence in global eye health and launched a new website. The Vision Atlas provides a wealth of accessible data and information, including the newly released Vision Loss Expert Group papers ��

Lots changed at the IAPB too. Sadly, both VISION 2020 and the Seeing is Believing Programme came to a close. I want, in particular, to thank Standard Chartered Bank for their partnership and support throughout this initiative and the Seeing is Believing team, Sally Crook, Sarah Chemonges, Susan Evans and Niamh Browne for all their working in making SiB such a success. We celebrated the hard work of so many at the virtual closing event on 1st December. We were delighted to welcome two new Patrons in 2020, Cooper Vision and Roche, joining Allergan, Bayer, Novartis and Standard Chartered Bank.

IAPB | Annual Report 2020

Much is set to take place in 2021, and indeed has already taken place, leading me to feel hopeful and excited about the year ahead. Not only do we have a possible landmark resolution at the United Nations on the cards, but we have already seen the publication of the Lancet Global Commission which was jointly and publicly launched with the Vision Atlas. On top of that, on 4 January 2021, Clearly, the charity �� merged into IAPB. This provides us with a unique and exciting opportunity to boost our communications globally and look forward to an even bigger and better World Sight Day in October. But most excitingly, we are developing a brand-new initiative for the next decade to succeed VISION 2020. This initiative will respond to current and emerging challenges facing the sector building on the landmark successes of the past two decades. We want to produce an ambitious plan to drive collective action by the sector and encourage governments and the public to get on board too. If you’re interested in being a part of the consultation process for this, please sign up for a consultation session.

�� Caroline Casey, Founder of the Valuable 500, as their preferred candidate and at its meeting in October, the IAPB Board of Trustees approved Caroline as their nomination for IAPB President. Elections for the Board will take place.

Finally, I personally want to say thank you to all of our members for your exceptional work and for continuing to be a part of this global alliance that strives to make real change. As we emerge from the pandemic, we need to ensure that no one is left ��

I look forward to working with you in the year ahead.

IAPB | Annual Report 2020

Left: Hyacinth, 83, looked lovingly at Orbis International �� Ross after her debilitating cataract had been removed.

Photo Credit: �� IAPB and members.

Global Advocac y

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We had ambitious plans for 2020: a Global Assembly in Singapore, a World Health Assembly Resolution and a staggering 50 national launches of the World Report on Vision. Of course, all of this came to a grinding halt with the arrival of Covid-19. The pandemic wreaked havoc across the world and dealt major setbacks to health, development and eye care.

The Covid-19 physical distancing measures made some of our plans practically �� that global attention, from government leaders to the WHO, was focused on the pandemic.

And yet, somewhat remarkably, 2020 ended up being a hugely successful year for eye health advocacy. We adapted – moving events to Zoom and invested more in �� development. For global leaders, eye health was a breath of fresh air in an otherwise miserable year. There was hope in sight.

IAPB | Annual Report 2020

This meant that our advocacy work not only continued but reached new heights. A few key developments include:

WORLD HEALTH ASSEMBLY RESOLUTION ON INTEGRATED PEOPLE CENTRED EYE CARE (IPEC)

In August, following a year-long advocacy campaign by IAPB and its members, countries cemented their commitment to the World Report on Vision by adopting a World Health Assembly (WHA) resolution. The resolution commits countries to implementing integrated people centred eye care as part of Universal Health Coverage and to setting global targets on eye care for 2030 (to be presented and ��

The 2020 IPEC resolution was co-sponsored by more than 40 countries making it one of the most widely support resolutions at the WHA this year.

UNITED NATIONS FRIENDS OF VISION

�� health and its contribution to the Sustainable Development Goals at the United Nations (UN). We held some of our most successful events virtually which were attended by political leaders, UN Ambassadors, Royalty, the Head of UNICEF, civil society and the private sector.

We also strengthened the UN Friends of Vision ��

co-chairs: Ambassador Rabab Fatima, the Permanent Representative of Bangladesh and currently President of UNICEF Executive Board; and Ambassador Geraldine Byrne Nason, the Permanent Representative of Ireland, recently elected to the UN Security Council.

PROGRESS ON FIRST-EVER UNITED NATIONS GENERAL ASSEMBLY RESOLUTION ON VISION

�� placing vision on the sustainable development agenda and motivating action by the UN and its institutions. It will also encourage a whole of government approach – all parts of government, especially those responsible for health, education, economic development and women’s issues, working together with civil society and the private sector on eye care. The resolution is expected to be adopted in early 2021.

WHAT NEXT?

Throughout 2021 our focus will be on cementing some of these gains, including the adoption of the UNGA resolution and the WHO global targets on eye care. But it will also be time for us to turn some of this political good will into action at a national level. IAPB members held eight launches of the World Report on Vision over the last year, some virtually and all with great success. We will maintain this activity through 2021; shifting our approach from launches to policy dialogues thereby enabling national ��

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IAPB | Annual Report 2020

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Jude Stern, Head of Knowledge Management IAPB

2020 marked the end of the Vision 2020 period and the beginning of a new agenda focussing on Integrated People Centred Eye Care/Universal Health Coverage by �� year of transition, considering eye care in the context of a global pandemic and new beginnings in for IAPB Knowledge.

With travel curtailed, highlights of Connecting Knowledge were based on utilising the online environment to connect and share expertise and experiences in a rapidly changing environment for eye health.

Top 3 highlights of 2020:

COVID-19 & EYE HEALTH PROGRAMME

As eye care services around the world were put on hold as countries locked down, the focus was on sharing critical information, member stories and key areas of expertise across the network. An online resource repository became a well-used resource for accessing important information, guidelines and tools from the WHO, UN,

professional bodies and member organisations.

�� web series was a standout highlight of 2020. Working closely with the communication and Membership Teams and the 39 speakers, we delivered 10 live webinars and 6 recorded interviews which have been viewed (live or recorded by 3922 people). Topics covered include the WHO, UN & IAPB member

IAPB | Annual Report 2020

responses to COVID-19, Technology & innovation, considerations of the pandemic on myopia, diabetes and ageing populations, impact on gender equity and on people with disabilities and a feature web series on Indigenous peoples. We were also able to run 2 French speaking webinars.

The COVID-19 Taskforce Service Delivery group produced a set of Guiding Principles for service providers and a resource repository of guidelines which launched on the digital platform at the end of 2020.

VISION ATLAS 2020

The data and evidence on the new Vision Atlas provides the starting point for the new agenda for eye care for all by 2030 and is an opportunity to look back at the status of eye care services and eye health at the end of the VISION 2020 period.

The Atlas provides the 2020 Magnitude and Causes data from the Vision Loss

Expert Group, National Indicators against the Global Action Plan. In 2021, it will also have data from the Lancet Global Commission for Eye Health.

A key highlight of working on the Atlas has been working with the global leaders on reference group, Rupert Bourne and the Vision Loss Expert Group, and Matthew Burton & Jacqui Ramke from Lancet Global Commission on Eye Health. A big thank you to everyone involved for your expertise, insights and commitment to making the VA an evidence based, easy to use advocacy and communication tool.

A NEW DIGITAL PLATFORM – KNOWLEDGE HUB, EVENTS, RESOURCE LIBRARY

The digital platform design and development was a focus of our work in 2020. The knowledge section of the platform features the Knowledge Hub, Resource Library, the Vision Atlas and upcoming and recorded events. Over 2021, these sections will continue to be developed to align with what the sector needs to achieve integrated people centred eye care, Universal Health

Coverage and embed eye care into the sustainable development goals.

2021 – THE YEAR AHEAD

In 2021 we began the year with the global launch of the Vision Atlas, including data from the LGCEH, at the UN providing Ambassadors a chance to engage with the �� moves on we look forward to working closely with members to utilise the Vision Atlas as a tool for advocacy, communications and learning.

�� opportunities for knowledge exchange across the IAPB network. We would love to hear what topics and formats you are interested in engaging with.

IAPB | Annual Report 2020

Left: Getting his eye bandaged after surgery. Photo Credit: Fauzia Aziz ��

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Rachael Bourke, Membership Services Manager

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In July 2020 we launched the IAPB Eye Health Heroes programme, which is supported by Allergan, an AbbVie company. To mark the launch, we were joined by IAPB Royal Patron, Her Royal Highness The Countess of Wessex and previous Eye Health Heroes at a virtual meeting to hear about the experiences of these Heroes and what winning the award meant to them.

Although the Eye Health Heroes awards have been ��

of the awards by turning it into a programme. The 2020 Heroes get access to a �� tomorrow’s leaders. The programme aims to provide opportunities for the Eye Health Heroes to learn new skills and connect them with senior leaders within the health and development sector.

We were delighted to receive a record number of nominations for young professionals across every spectrum of eye health including clinical, public policy, NGO and corporate in all three categories; Future Leaders, Change Makers, Innovators. We opened the awards to our Valued Suppliers too this year and the larger eye health sector.

In October 2020 we celebrated the extraordinary achievements of these Eye Health Heroes �� person as we would have usually done, it was still an incredibly special ceremony. Everyone dressed for the occasion; the Heroes shared stories of their work and demonstrated how they were all deserving of being nominated for and winning this award.

IAPB | Annual Report 2020

The winners will now embark on the Eye Health Heroes development programme. They have already participated in Communications and PR training which was delivered by senior communications specialists at Allergan. Over the next six months, they will have the opportunity to attend exclusive events with senior leaders such as Caroline Harper, CEO, Sightsavers; Jag Dosanjh, Sr. Vice President, Eye Care, Allergan; James Chen, Founder, Clearly; to understand more about the challenges �� create content focusing on topics of their expertise which we will publish across our media channels and will showcase their communications skills.

Keep an eye out for these future leaders – they are the young voices of the sector!

IAPB | Annual Report 2020

Left: A doctor examining a child’s eye and removing an insect wing.

Photo Credit: James Arnold �� from IAPB Africa.

IAPB Africa Hi hli hts g g

Simon Day, IAPB Africa Programme Manager

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The year 2020 didn’t turn out to be what we expected. The COVID-19 pandemic upended our plans (with respect to World Report on Vision launches, GA2020 and many others) and eye health services. However, the sector rallied and we had what can be called as wins. Despite this drastic turn of events, in Africa we still managed to achieve several great outcomes integral to our pursuit of strengthened eye health in the region.

A RESOLUTION ON EYE HEALTH ACHIEVED AT THE EAST, CENTRAL AND SOUTHERN AFRICA HEALTH COMMUNITY HEALTH MINISTERS CONFERENCE

The East, Central and Southern Africa Health Community 69th Health Ministers Conference was held in February 2020 under the theme: “Innovation and Accountability in Health Towards Achieving Universal Health Coverage.

At the end of the Health Minister’s Conference, the Ministers considered and passed resolutions which included ECSA/HMC69/R1: Equity and Access to Eye Health in the ECSA region. This resolution urges Member States to:

Implement integrated approaches for prevention, control and management of eye

health conditions at all levels, with emphasis on primary health care;

Increase access to eye health services at all levels, by investing in and ensuring equitable distribution of Human Resources for Eye Health (HREH) and promote inclusion of eye health agenda at national, regional and international level; and

Promote generation and use of evidence in policy and practice to improve eye health.

IAPB | Annual Report 2020

Additionally, the resolution directs the ECSA HC Secretariat to:

Support the member states to implement this resolution; and
Generate and disseminate evidence on eye health care in the region

IAPB will continue to work with our partners in the ECSA-HC expert committee on eye health with its remit to raise and sustain the eye health agenda high at regional and national level in the ECSA-HC member states.

KEY RECOMMENDATIONS ON EYE HEALTH AT THE WEST AFRICAN HEALTH ORGANIZATION 10TH ANNUAL HIS MANAGERS AND PARTNERS MEETING

In January, the 10th Annual Meeting of Health Information Systems national managers, Technical and Financial Partners was organised by the West African Health Organization (WAHO).

During a session dedicated to Eye Health, IAPB presented on the WHO Catalogue of Key Eye Health Indicators in the African Region and advocated for the integration of Eye Health Indicators into national Health Information Management Systems.

The following key recommendations on Eye Health are part of the broader set of recommendations coming out of the meeting:

WAHO to work with regional Eye Health Partners to collect eye data in all countries for inclusion in the 2020 regional health situation;

Member States National Health Information Management Units to work with national Eye Health Programme Managers in order to identify and introduce the key eye health indicators in their Routine Health Data Collection System;

�� implement HIS priorities and activities for 2020

Moving forward, IAPB and WAHO will continue to work with member states and partners to identify and agree on 2-3 essential eye health indicators for integration into national Health Information Management Systems in the region. We will also support the implementation of the Eye Health data collection and reporting.

ORIENTATION MEETING FOR THE IMPLEMENTATION OF THE WHO AFRO PRIMARY EYE CARE TRAINING MANUAL IN LUSOPHONE MEMBER STATES

In 2018 WHO AFRO published The Primary Eye Care training manual.

In 2019, IAPB supported WHO AFRO in sensitising the Anglophone and Francophone countries of Africa on the PEC manual. In February 2020, the Lusophone countries[1] were orientated on the training manual, following its translation into Portuguese.

1 Mozambique, Cape Verde, Angola, Sao Tome and Principe and Guinea Bissau.

IAPB | Annual Report 2020

The WHO AFRO NCD cluster held a two-day Orientation Meeting in Maputo, Mozambique, attended by Primary Care Unit Heads/Public Health Department Directors, National Eye Care Coordinators and Eye Health Partners of the Lusophone countries in the Region in order to support them in implementing the training manual at national level and to develop a plan its implementation.

Country representatives were encouraged to advocate for the implementation of the PEC Training Manual upon their return to their countries. The success in Rwanda was highlighted as an example that PEC could be strengthened and indeed implemented at the national level.

OTHER ACTIVITIES IN 2020

The challenges of this year did however present new opportunities. We scaled up our online engagement with members and partners resulting in valuable interaction around dealing with COVID-19 in the eye health sector by way of virtual, group exchanges and a series of multi-lingual webinars. We also undertook the development of a system’s strengthening review, planning and advocacy framework �� Report on Vision obligation to: Engage in Integrated People Centred Eye Care.

LOOKING AHEAD

�� recommendations of the World Report on Vision across the region by engaging with our sub-regional and national level partners with a view on moving closer to the goal of an integrated people-centred eye care that will accelerate universalization of health care services and the achievement of the Sustainable Development Goals.

IAPB | Annual Report 2020

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Last November, when I sat down to draft the ‘year that was’ I wrote the following:

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�� spot the 2020 storm brewing… and I’m pretty sure that none of our members or stakeholders did either! The 2020 we were anticipating will be a year we’ll never forget for all the wrong reasons. Yet, it should also be remembered in the Western �� managed to discuss, disseminate, coordinate and participate. Here are a handful of highlights:

World Report on Vision Launch, Papua New Guinea: When the Health Minister, the Honourable Jelta Wong declared ‘my eyes have been opened’, we knew that the WRV was striking the right chords. It’s an advocacy document aimed at grabbing the attention of policy makers and at the year’s most �� Ministry support for a policy dialogue in 2021. (special thanks to members Brien Holden Foundation and Lions Clubs International Foundation for the launch support)

IAPB | Annual Report 2020

World Sight Day, 2020: The ‘biggest’ World Sight Day ever, thanks I suspect, in large part due to the pandemic. �� the message across. From, Samoa to PNG, to Malaysia and the Philippines panel discussions and policy dialogues took place. In Australia, Vision 2020 Australia captured the attention of the Prime Minister who gave a televised statement; in Cambodia the National Eye Programme team was interviewed Live on National TV. (special thanks to Eye Care Foundation for coordinating the event).

Iso Pivot in the Year that Zoomed past: A slew of new terminology would be a highlight – if any of us ever wanted to hear them again. But whilst we are all heartily sick of remote meetings and rooms framed by Zoom, the adaptability and resilience, we have all shown is a highlight of 2020. The Zoom meetings have demonstrated that even once we all can meet again it will remain an important tool of accessibility for those who are unable to travel. There have been some �� webinars – Build Back Equal on gender equity led by Jennifer Gersbeck at the Fred Hollows Foundation and Blinded by Sugar, led by Dr James Muecke at Sight For All are but two (it would be remiss at this point not to congratulate James’ on his award as Australian of the Year – a highlight for 2020 if ever there was one).

Once again we gratefully acknowledge the Fred Hollows Foundation for its ongoing support. We also thank Singapore Eye Research Institute for their understanding and advice as the Global Assembly situation evolved. We can’t do the work we do without our members’ support and in 2020 you demonstrated an extra level of strength. A shout out to the national bodies who were so important in maintaining the �� worked closely – Eye Health Working Group Korea, National Prevention of Blindness Committee of China, Eye Care Working Group Vietnam, Eye Care Working Group Laos, Sub-Sectoral Working Group Cambodia, Eye Care Partners Philippines, PBL Papua New Guinea & Prevention of Blindness Committee Malaysia.

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IAPB | Annual Report 2020

Left: Refraction in indigenous village in Xingu Indigenous Park.

Photo Credit: Dr. Ronald Yeoh �� are from IAPB ��

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Yuddha Dhoj Sapkota, IAPB South East Asia Regional Coordinator

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The year 2020 was a crucial year for all eye health stakeholders, marking the end of VISION 2020: The Right to Sight and end of WHO Global Action Plan 2014-2019.

In 2020, we had plans to launch the World Report on Vision (WRV) in 10 countries of the SEA region focusing our advocacy actions towards:

developing and implementing the post 2020 eye care strategies

align national policies in line to WRV recommendation – Integrated People Centered Eye Care

advocacy to align eye care with Sustainable Development Goals and universal eye health coverage.

However, COVID-19 turned everything on its head. Our work went virtual, and training now happened on webinars. However, we continue to work on setting the context �� knowledge and protocol development, which will ultimately be useful in tackling increased backlogs of people requiring eye care services and the challenges in the months ahead.

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IAPB | Annual Report 2020

Some major highlights of the region for 2020 were as follows:

WRV COUNTRY LAUNCH BANGLADESH

The Ministry of Health Bangladesh in collaboration with IAPB, WHO, IAPB members and national stakeholders on eye health conducted a national launch of WRV to operationalize its recommendations. In SEA, �� on 19 and 20 January 2020. During the launch the Health Minister of Bangladesh

committed to allocate adequate resources to strengthen primary eye care by addition of 500 vision centre in near future. Following the launch, a workshop was organized to prepare the national strategic eye health plan of Bangladesh in line to recommendation of WRV.

PUBLICATION OF EVIDENCES IN PEER REVIEWED JOURNAL

As physical meetings and international travel was restricted, that gave us spare time to work on write ups and publication of evidences generated from our last year’s work in the region. We were able to publish the following:

1. Refractive error study in School Children of Bhutan

2. Rapid Assessment of Avoidable Blindness in Rohingya Refugee camp in Bangladesh

3. South East Asia focused DR screening and management guidelines

One of the successful collaborations between IAPB and WHO SEARO this year was to prepare ‘Strengthening Diagnosis and Treatment of Diabetic Retinopathy in SEA Region’. The Protocol has been approved and published by WHO SEARO.

IAPB | Annual Report 2020

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As part of the process of implementing the WHO Global Action Plan 2014 – 2019, IAPB, the Royal Australasian College of Surgeons (RACS) along with the WHO �� East Timor Eye Care Programme to carry out a national blindness survey using RAAB survey methodology in 2016. The survey �� and IAPB extended technical support for data collection, analysis, report generation, dissemination and publication of result. The survey result revealed fresh evidence on blindness and visual impairment in Timor-Leste. The result was disseminated �� Leste. During the dissemination a workshop was also organized and worked on recommendations to incorporate in the strategic plan on eye health for the country The Ministry of health, Timor-Leste approved the strategic plan for eye health ��in 2020. The plan covers the period of 30 years (2021 – 2050) and provides all strategic guidelines for infrastructure development, human resource development, deployment and service delivery process and targets to meet for next 30 years.

5. Myanmar eliminates trachoma as a public health problem

Trachoma, the world’s leading infectious cause of blindness, has long been considered a public health problem in Myanmar, with the �� by the Ministry of Health and Sports, with support from WHO and the United Nations Children’s Fund (UNICEF).

Myanmar is the second country in the WHO South East Asia Region to achieve elimination and the 10th country to achieve elimination globally, following Cambodia, China, Ghana, the Islamic Republic of Iran, Lao People’s Democratic Republic, Mexico, Morocco, Nepal, Oman

The announcement follows annual period prevalence data from 2010 to 2015 showing that active trachoma in children under 10 years of age across all the regions �� �� , the late blinding stage of trachoma, are below the WHO threshold of less than 0.2%.

LOOKING AHEAD

In the year 2021, we plan to launch WRV in the remaining nine countries: Bhutan, India, Indonesia, Maldives, Myanmar, Nepal, Sri Lanka, Thailand and Timor-Leste. We also plan to initiate implementation of WHO tools such as ECSAT in some countries in 2021. A regional meeting has also been planned to monitor the WRV launch and rolling out of IPCEC in national level eye health policy and plan. We hope 2021 will be a better year for eye health work in the region.

IAPB | Annual Report 2020

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Sally Crook, Seeing is Believing Programme Manager

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This will be the last report from Seeing is Believing, as the programme (sadly) closed at the end of December 2020. So, ‘the end of an era’ at IAPB and also for the many implementing SiB partners around the world. But there is still much to be celebrated, and much to share!

Here at IAPB we are immensely grateful for the US$104 million that was raised by Standard Chartered Bank’s employees over 15 years, and how these funds have been utilised by the implementing partners to deliver quality eye care activities over �� ‘ A Visionary Partnership: 15 years of Seeing is Believing.

COVID-19 IMPACT

In 2019 we reported that 24 of 60 Phase V projects had already closed. Due to the Covid-19 pandemic our neat close-out plans across the remaining 36 projects was thrown into total disarray. Some projects went into ‘suspended animation’ for several months; whilst others diverted funds for PPE purchase and training on new protocols before eye care services could safely resume. So Q2 2020 was a period of long delays and disruption to clinical delivery and monitoring of services. But in the 2nd half of 2020 the revised plans and budgets could be actioned to enable all projects �� end of 2020.

IAPB | Annual Report 2020

Just as SiB funded many RAABs and other baseline data collection at the start of projects to assist planning; the research embedded within and evaluations at the end of projects can also provide relevant information for other providers and �� interesting points around achievements and important lessons learnt both directly and indirectly over the life of the project. We do hope that you will continue in the future to check in on the SiB pages of the IAPB website. As such ‘grey literature’ can prevent ‘reinventing wheels’ across the globe, and positively help managers to plan more smoothly and learn from other people and projects – there is much here that is ��

As in previous years, SiB has been active in amplifying learning from SiB projects across the wider SiB community and beyond.

The SiB Newsletters were sent out bi-monthly and each topic focused on a diverse set of challenges and achievements across the SiB projects. In 2020 the themes were: Development and integration of eye health indicators into national HMIS systems; Partnerships; Gender issues in eye care delivery; Behaviour Change Communication�� from the projects span a wide variety of providers and provide fascinating insights into the work of SiB partners to create real change and momentum for future eye care service delivery and quality.

Two SiB webinars were held in 2020. Again, each webinar has 2 editions – one with an Asian and the other with an African focus. The themes for the webinars were: 1. Child and School eye health (Link for Africa and SEA webinar). 2. How SiB has stepped up eye care services across the globe (Link for Africa and SEA webinar).

To close out the Seeing is Believing programme, a one-day virtual learning Event was �� This event enabled sharing and cross-fertilisation of learning and ideas from the wide variety of SiB projects.

To fully wrap-up and close out Seeing is Believing, the small remaining SiB funds �� were closed. No funds remain, so please do not contact IAPB seeking additional SiB funding.

We are immensely proud of what SiB has achieved and hope that the learning and progress will be carried into future eye care planning, and delivery of eye care services.

IAPB | Annual Report 2020

��

Phillip Hoare, Procurement Manager

��

THE START OF A NEW BEGINNING IN 2020 – IAPB VALUED SUPPLIERS LIST

2020 will go down in history for the wrong reasons, as we all try and cope with the CORONA VIRUS global pandemic. It �� on industry.

On a positive note, 2020 also marked the start of a new beginning for the IAPB Standard List. In April 2020 after much consideration and a decision at the Board level, the IAPB Standard List was upgraded to the IAPB Valued Suppliers Scheme, giving featured manufacturers and �� backing of the IAPB Brand. The Valued Suppliers have access to around 400,000 �� Standard List going back to 1985, each of the featured manufacturers and suppliers �� this LINK�� Members and Valued Suppliers.

As of 25 November 2020, we have 26 Valued Suppliers signed up with a further 5-8 in the pipeline, covering all aspects of eye health and assistive products. Also, after the initial drop in hits at the beginning of the pandemic, we are back to around 5,000 unique visitors each month, and one of the largest hits on our new IAPB website.

IAPB | Annual Report 2020

2020 also changed the way we worked, as travel was banned and we all had to work from home. I therefore was unable to attend global conferences and exhibitions as I planned, but the pandemic introduced “Virtual” conferences and exhibitions. �� World Ophthalmology Congress in June, attended (virtually) Sight Village in July, ESCRS Virtual Congress and Exhibition and ��India Vision Institute Congress

in October. We were also building up to our premier event, the IAPB Global Assembly in Singapore due to take place in October and the majority of our Valued Suppliers had booked exhibition space, but regrettably the pandemic put a stop to it and we had to cancel the event.

The Eye Health Hero 2020�� have had an impact in eye health, and I am proud to mention that 4 of our Valued �� Eisuke Shimizu from OUI INC, Carlos Santiago Hernand from PLENOPTIKA, Juuso Erixon from OPTOMED and Sri Ramaprasad Jeyaraj from APPASAMY, and my heartfelt congratulations goes to all of them and of course to all the other winners.

IAPB | Annual Report 2020

��

STATEMENT OF PUBLIC BENEFIT

�� excellence and equity in the provision of eye health services with a view to reducing the number of people globally that experience visual impairment.

�� the charity’s intent and its performance clearly demonstrate that IAPB provides a ��

STATEMENT ON FUNDRAISING PRACTICES

Standard Chartered Bank fundraise for the Seeing is Believing (SiB) programme. We have a written agreement with Standard Chartered to ensure they conform to recognised standards in regard to fundraising practices. Fundraising is carried out by �� Bank have not received any complaints in regard to its fundraising practices.

IAPB does not carry out any direct fundraising with the general public. We are registered with the fundraising preference service, and committed to meeting the Code of Fundraising Practice.

FINANCIAL REVIEW

INCOME AND EXPENDITURE

In closing the SIB programme and IAPB concentrating on its core activities an operating statement has been provided as part of the annual accounts, excluding the income and expenditure associated with SIB programme from the underlying activities.

��

IAPB core business generates its income from membership fees, sponsorship, grants �� in 2020 against £1,893,406 in 2019. SIB related restricted income fell year on year £282,089 in the year against £689,123 in 2019 and contributed to the overall ��

Due to COVID, the inability to undertake physical activities contributed to the reduction in core non-SIB spend of £1,862,840 (2020) against £2,068,998 (2019). In expending the remaining SIB funds expenditure of £2,363,513 was recorded in �� in 2019).

IAPB | Annual Report 2020

�� For the year ended 31 December 2020

OPERATING STATEMENT

Results excluding Seeing is Believing

Income from: Donations Charitable activities Membership Grants (excl. SIB) Delegate fees Trading income Investment income (excl. SIB) Other Total Expenditure on: Raising funds: Income development Charitable activities Global Advocacy Connecting Knowledge Strengthening the Network Programmes: Seeing is Believing Total Net income (expenditure) Seeing is Believing Income from: Grants Investment income Total Expenditure on: Programmes: Seeing is Believing Grants Programme Management Total Net income (expenditure) Totals per Consolidated Statement if Financial Activities Income Expenditure Net (expenditure)/income	2020 £ 1,950 �� �� - �� 1,224 – 1,873,333 �� �� 331,268 �� – 1,862,840 10,493 �� 10,129 �� 2,043,233 320,280 2,363,513 (2,081,424) 2,155,422 4,226,353 ��	2019 £ �� 1,106,018 520,281 246,668 �� –
		��
		158,386 835,936 553,941 �� –
		��
		�� 514,906 114,439
		��
		6,214,832 ��
		6,547,575

		��
		�� ��
		��

The SIB programme has been in existence since 2003 with IAPB’s involvement since 2008.

The Charity Operating Statement has been prepared to seperate SIB income and expenditure from the Charities other activities, in prepareation for the end of the programme in 2020.

IAPB | Annual Report 2020

FUNDS POSITION

In maintaining the income levels and reducing expenditure due to COVID an ��

In December 2020, the SIB programme was closed and the brought forward restricted SIB funds from 2019 of £2,115,013 were spent. Activities in relation to the Swiss Red Cross funded grant amounting to £38,819 could not commence in the year due to COVID and have been carried forward into 2021 as restricted reserves.

RESERVES POLICY

�� the continuity of the charity‘s work. The level held is calculated by estimating the extent to which existing commitments and replacement costs of assets are not underwritten by secure future income. In addition, the reserves also include a small sum to cover unforeseen events and expansion opportunities. Reserves are held as unrestricted funds, in the form of current assets. The Board intends to maintain �� event of the charity being wound up.

In the event that reserves exceed the level intended the Board has taken steps to ensure that these funds are expended in furtherance of the charity’s objects, within a reasonable timeframe. In the event the reserves fall below the level intended, the Board will seek to replenish them, again within a reasonable timeframe.

The level and form of reserves held is reported at each Board meeting. Compliance with the Reserves Policy is monitored periodically by the Audit Committee as part of its overview of the charity’s management of risk.

�� months of unrestricted operating cost and allows the charity to meet its immediate and on-going commitments and invest in its activities for 2021.

STATEMENT OF GOING CONCERN

Following the Coronavirus crisis, the Trustees have extended its assessment of going �� information at its disposal, the Trustees have assessed the organisation to be a going concern.

EXECUTIVE STAFF

During 2020, day to day management of the charity was delegated by the Trustees to the following senior executives:

��	��
Joanna Conlon:	Development and Communications Director
Neil Hedgecock:	Finance and Resources Director
Jessica Crofts-Lawrence:	Head of Advocacy and Policy
Jude Stern:	Head of Knowledge Management
Nick Parker:	Head of Commercial Development

IAPB | Annual Report 2020

RISK POLICY

The approach approved by the Board in managing risk involves maintaining a risk register identifying and assesses the main risks faced by the charity. The possible �� and the extent mitigation strategies are in place. The Audit Committee has the responsibility for overseeing the policy on behalf of the Trustees and along with the ��

The Trustees approved the risk register at the Board meeting in April 2021. The three ��

i. The coronavirus pandemic impacts IAPB’s ability to operate.

Mitigating strategies include: IAPB has shifted its events online and is delivering a programme of virtual events for 2021. IAPB continues to hold the aspiration to hold physical events and is exploring whether hybrid events, a combination of a virtual and physical events, can be held.

�� hold internal and member meetings.

ii. Good governance is not maintained leading to a breakdown of trust and transparency between Members and IAPB, and loss of collaborative approach.

Mitigating strategies include: Ensuring we continue to follow the recommendations of the Governance Review. Improving Trustee Induction. Promoting diversity and inclusion within the Board. Providing the board with high quality strategic information upon which good decisions can be made in timely manner.

iii. Members do not see added value of the IAPB membership proposition leading to a loss of engagement which undermines IAPB’s authority.

Mitigating strategies include: Enhanced communication with, and participation of, members in IAPB activities. Actively pursuing greater input from members. Actively outreaching to members to engage and participate in external communication, as well as amplifying members communications.

The Council Meeting is organised in a way to promote Members’ initiative and has seen active participation and was very well received interest in participation and sponsorship has increased.

Implementation of new Secretariat plan that re-engages members and draws on extensive consultation with them. Development of membership retention strategy, including annual membership survey.

REMUNERATION POLICY

�� executive committee review the reward policy annually and agree all increases in pay �� that assesses pay norms associated with that type of post in the NGO sector of the local marketplace.

Salary levels are set within an agreed salary band for the respective post. The salary band will be –15% to +5% of the ‘upper quartile’ level determined by benchmark data. The upper quartile is our chosen reference point as our organisational size prevents �� available in some larger agencies. Accordingly a level of pay above that of the median will sometimes be required to attract and retain candidates of the necessary calibre.

��

IAPB | Annual Report 2020

THE TRUSTEES

The Trustees, who are also Directors under company law, who served during the year and up to the date of this report, and the IAPB Member organisation they are nominated by, are shown below.

----- Start of picture text -----
Date appointed or
resigned (where not in
Name Nominated by (where applicable) post for the full period)
��
Robert F McMullan President
�� Vice President
Debra Davis Treasurer
Appointed Trustees (Founding + Category ‘A’ Members)
Neeru Gupta International Council of Ophthalmology
Arnt Holte World Blind Union
Muhammad Babar Qureshi CBM
Yvette Waddell Brien Holden Vision Institute Resigned January 2020
Sabine Rehbichler Light for the World
Gudrun Yngvadottir Lions Clubs International Foundation Appointed January 2020
Bob Corlew Lions Clubs International Foundation Resigned January 2020
Caroline Harper Sightsavers International
Jennifer Gersbeck The Fred Hollows Foundation
Scott Mundle World Council of Optometry
Haidong Zou Shanghai Eye Disease Centre
Elected Trustees
Kathy Spahn Helen Keller International
Michele Corcio IAPB Italy
Job C. Heintz Himalayan Cataract Project
Ahmed Trabelsi Nadi Al Bassar
Tirtha Prasad Mishra Nepal Netra Jyoti Sangh
Kashinath Bhoosnurmath Operation Eyesight
Bob Ranck Orbis
Rohit Khanna L V Prasad Eye Hospital
Marcus Ang Singapore Eye Research Institute Appointed April 2019
Regional Chairs/Individuals
Aaron Magava Regional Chair, Africa
HRH Prince Abdulaziz Bin Ahmad Regional Chair, Eastern Mediterranean
Bin Abdulaziz Al Saud
Janos Nemeth Regional Chair, Europe
Francisco Martinez Castro Regional Chair, Latin America
Suzanne Gilbert Regional Chair, North America
Taraprasad Das Regional Chair, South East Asia
Amanda Davis ��
�� Individual
----- End of picture text -----

IAPB | Annual Report 2020

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The Trustees (who are also directors of IAPB for the purposes of company law) �� accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

�� and of the incoming resources and application of resources, including the income �� statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (Statement of Recommended Practice);
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any ��
�� to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose �� Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO THE DISCLOSURE OF INFORMATION TO AUDITORS

��

that there is no relevant audit information of which the auditors are unaware; and
�� they ought to have taken as members of Board in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

The Trustees report was approved by the Trustees in their capacity as Company Directors on 19 April 2021 and signed on their behalf by

Robert F McMullan

IAPB | Annual Report 2020

�� International Agency for the Prevention of Blindness

OPINION

�� of Blindness and its subsidiary (‘the group’) for the year ended 31 December 2020 which comprise the Group

Statement of Financial Activities, Consolidated and the Charity Balance Sheets, �� applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

��

give a true and fair view of the state of the group’s and the charitable company’s �� year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards �� statements section of our report. We are independent of the group in accordance �� responsibilities in accordance with these requirements. We believe that the audit �� opinion.

IAPB | Annual Report 2020

CONCLUSIONS RELATING TO GOING CONCERN

�� appropriate.

�� uncertainties relating to events or conditions that, individually or collectively, may �� statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, �� the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether �� knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in �� we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion based on the work undertaken in the course of our audit

the information given in the trustees’ report, which includes the directors’ report ��
the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements.

IAPB | Annual Report 2020

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and understanding of the group and charitable company �� material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate and proper accounting records have not been kept; or
�� returns; or
��
we have not received all the information and explanations we require for our audit; or
�� with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ directors’ report and from the requirement to prepare a strategic report.

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are �� they give a true and fair view, and for such internal control as the trustees determine �� material misstatement, whether due to fraud or error.

�� charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

�� statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, ��

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

�� is located on the Financial Reporting Council’s website at: www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.

IAPB | Annual Report 2020

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

Irregularities, including fraud, are instances of non-compliance with laws and �� these between our audit team members. We then designed and performed audit �� appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations �� were the Companies Act 2006 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit ��

In addition, we considered provisions of other laws and regulations that do not �� fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), health & safety legislation, taxation and employment legislation. We also considered compliance with local legislation for the group’s overseas operating segments.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

�� grant expenditure and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Audit Committee �� testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we �� even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and �� statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

IAPB | Annual Report 2020

USE OF OUR REPORT

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Tim Redwood Senior Statutory Auditor

For and on behalf of

Crowe U.K. LLP

Statutory Auditor

London

13 September 2021

IAPB | Annual Report 2020

�� For the year ended 31 December 2020

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

��

Note Income from: Donations and gifts in kind Charitable activities: Membership fees Grants 2 Other income 3 Investment income Total Expenditure on: Raising funds Income development including trading costs Charitable activities Global Advocacy Connecting Knowledge Strengthening the Network Programmes: Seeing is Believing Total 4 Net (expenditure)/income Transfer between funds 12 Net movement in funds Reconcliation of funds: Total funds brought forward Total funds carried forward 12	Unrestricted £ 1,950 �� 149,502 338,026 1,224 1,626,609 �� 361,233 323,446 804,439 – �� (20,504) �� 5,263 850,114 ��	2020 Restricted £ – – 402,831 115,853 10,129 528,813 – �� �� 96,618 2,363,513 �� �� �� �� 2,115,013 38,819	Total £ �� �� 552,333 �� 11,353 2,155,422 �� 472,520 331,268 �� 2,363,513 4,226,353 �� – �� �� ��	Unrestricted £ �� 1,106,018 �� 246,668 �� 1,542,803 158,386 508,202 �� �� – �� (13,898) – (13,898) 864,012 850,114	�� Restricted £ – – 865,509 – 114,439 �� – �� 184,563 – �� �� �� – �� �� 2,115,013	Total £ 12,742 1,106,018 1,035,187 246,668 122,136
						2,522,751
						158,386 �� �� 520,735 6,547,575
						8,616,573
						�� –
						�� ��
						��

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated ��

IAPB | Annual Report 2020

�� For the year ended 31 December 2020

Company No. 4620869

CONSOLIDATED AND CHARITY BALANCE SHEET

Note Fixed assets �� 8 �� 8 Investment in subsidiary 14 �� Current assets Debtors 9 Cash at bank and in hand �� Cash assets related to Seeing is Believing Other Cash assets of IAPB Total current assets Liabilities Creditors: amounts due within one year 10 Net current assets Net assets Funds Restricted funds Unrestricted funds Total funds 12	Group 2020 2019 £ £ 20,222 16,344 – �� – – 20,222 59,915 212,368 �� 1,580,387 �� – 2,018,462 1,580,387 �� �� �� �� 425,540 �� 2,905,212 �� �� �� 2,115,013 855,377 850,114 �� ��	Charity 2020 2019 £ £ 20,222 16,344 – �� 1 1 20,223 59,916 503,556 �� 1,042,687 �� – 2,018,462 1,042,687 �� 1,546,243 3,264,009 672,270 �� �� 2,905,211 �� �� �� 2,115,013 855,377 850,114 �� ��	Charity 2020 2019 £ £ 20,222 16,344 – �� 1 1 20,223 59,916 503,556 �� 1,042,687 �� – 2,018,462 1,042,687 �� 1,546,243 3,264,009 672,270 �� �� 2,905,211 �� �� �� 2,115,013 855,377 850,114 �� ��
			59,916 �� �� 2,018,462 ��
			3,264,009 ��
			2,905,211
			��
			2,115,013 850,114
			��

��

Approved and authorised for issue by the Trustees on 19 April 2021 and signed on their behalf by:

Debra Davis

IAPB | Annual Report 2020

�� For the year ended 31 December 2020

CONSOLIDATED STATEMENT OF CASH FLOW

�� Net income/(expenditure) for the reporting period �� Adjustments for: Depreciation charges and loss in disposal �� Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash provided by (used in) operating activities �� Fixed asset additions Net cash provided by (used in) investing activities Change in cash and cash equivalents in the reporting period Analysis of cash and cash equivalents Cash at bank and in hand Total cash and cash equivelents	At 1 January 2020 £ �� ��	2020 £ �� 53,517 338,206 �� �� (13,824) (13,824) �� �� £ �� ��	2019 £ (6,093,822) 62,845 �� (120,095)
			(5,499,280)
			(9,588)
			��
			(5,508,868)
			At 31 December 2020 £ 1,580,387
			1,580,387

��

IAPB | Annual Report 2020

�� For the year ended 31 December 2020

NOTES TO THE FINANCIAL STATEMENTS

Basis of preparation and accounting policies
�� convention and in accordance with Financial Reporting Standards applicable in the UK (FRS 102) and the Companies Act 2006. They follow the recommendations in the Charities SORP (2015); Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ��
b) The organisation is a charitable company limited by guarantee, incorporated ��
- The charitable company is exempt from corporation tax as all its income is ��
c) As outlined in the Financial Review the trustees have reasonable expectation that the charity has the resources to continue its activities for the foreseeable future. Accordingly they continue to adopt the going concern basis in ��
d) Group accounts have been prepared for the International Agency for the Prevention of Blindness (IAPB) and its wholly owned subsidiary company, IAPB Trading Limited. The charity has taken advantage of the exemptions in FRS 102 from the requirements to present a charity only Cash Flow Statement and ��

The accounts have been consolidated on a line by line basis to include the results of IAPB Trading. The results of IAPB Trading Limited are shown separately on note 14.

e) Voluntary income is received by way of donations and gifts and is included in �� included in the statements.
f) Some countries where Standard Chartered Bank (SCB) fundraises for the Seeing Is Believing programme prohibit the transfer of funds outside of their country. The funds remain under SCB control and deemed by SCB to belong to IAPB; the transactions relating to these funds are consolidated into these accounts.

Some donations raised for Seeing is Believing are made directly to our Members to fund projects within the programme. The transactions relating to these funds are deemed to belong to that Member organisation are not shown �� on those grants.

IAPB | Annual Report 2020

�� Membership fees received in advance are deferred.
h) Gifts in kind represent services provided to the charity at no charge or goods donated for distribution or use by the charity. Goods or services given for use by the charity are recognised when receivable. Gifts in kind are valued at cost if known or else the price the charity would otherwise have paid for the assets or services.
i) Support and governance costs are allocated across charitable activities on the basis of head count.
j) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
k) Grants payable are charged to the SOFA in accordance with the terms and conditions attached to the individual grant agreements. Such grants �� generally as money is requested by the grant recipient.
��
are noted as a commitment, but not as accrued as expenditure.
�� the autonomous Eastern Mediterranean Region, have been consolidated into the accounts under the relevant headings.
�� paid and payable in the year. The assets of these schemes are independent from IAPB and IAPB has no additional liability other than for the payment of those contributions.
�� these are earned (by virtue of length of service). Termination payments are valued at the higher of the amount required by law or the amount proscribed by the employment contract and recognised when due less the value of ��
o) Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment (tangible) 33% per annum

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.

Expenditure on the development of web resources (Intangible assets) are expensed in the year. Prior to 2020 the costs associated with Intangible Assets once fully operational, were amortised over their useful life.

IAPB | Annual Report 2020

p) Cash at bank and in hand includes money held in current accounts and in nonotice deposits, petty cash, and money market deposits.
q) Debtors are valued at the amounts owing (or prepaid) less a provision for doubtful debt. Amounts in foreign currencies are valued at the rates of exchange ruling at the balance sheet date.
r) Financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. They are held at amortised cost; that is the amount initially recognised less any principal repaid plus any interest accrued. Financial assets held are cash and bank and in hand, together with trade and other debtors. Financial liabilities are trade and other creditors.
s) Creditors are valued at the amounts owing (or income received in advance). Amounts in foreign currencies are valued at the rates of exchange ruling at the balance sheet date.
�� donor. Expenditure which meets these criteria is charged to the fund, this may include a fair allocation of management and support costs where allowed by the donor.
u) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.
v) Foreign exchange gains are recorded as other income in the Statement of Financial Activities and losses as cost of the relevant activity. Transactions in foreign currencies are translated pounds at a daily rate based on mid-market opening rate at midnight.
��

IAPB | Annual Report 2020

2. Income from grants

2. Income from grants
Restricted Standard Chartered Bank: Seeing is Believing The Queen Elizabeth Diamond Jubilee Trust Brien Holden Vision Institute Foundation Lions Clubs International Foundation The Allegan Foundation The Fred Hollows Foundation Swiss Red Cross (Schweizerisches Rotes Kreuz) Mission for Vision CBM The Vision Council USA Sightsavers Other grants and donations (under £10,000) Total	Unrestricted £ 7,500 – 77,024 – 63,978 – – – – – – 1,000 149,502	Restricted £ 252,725 – – – – 39,600 38,819 – 26,700 – 9,005 35,982 402,831	2020 Total £ 260,225 – 77,024 – 63,978 39,600 38,819 – 26,700 – 9,005 36,982 552,333	2019 Total £ 574,684 120,000 79,885 62,100 – 50,000 – 27,046 58,576 10,311 51,085 1,500
				1,035,187

3. Other income

3. Other income
Sponsorship Other Total	Unrestricted £ 191,123 146,903 338,026	Restricted £ 115,853 – 115,853	2020 Total £ 306,976 146,903 453,879	2019 Total £ 221,776 24,892
				246,668

IAPB | Annual Report 2020

4. Analysis of charitable expenditure by cost type

					Support and
	Global	Connecting	Strengthening	Providing	Governance	Seeing is
	Advocacy	Knowledge	the Network	Services	costs	Believing	2020	2019
	£	£	£	£	£	£	£	£
Grants payable (note 5)	–	–	94,210	–	10,000	2,043,233	2,147,443	6,323,524
Staf costs (note 7)	289,016	143,829	292,215	111,635	36,572	208,225	1,081,492	1,009,967
Travel & meetings	27,881	4,100	3,151	2,436	2,344	1,059	40,971	220,250
Events and conferences	5,866	–	111,432	–	–	13,334	130,632	243,385
Consultancy and other activity costs	40,680	55,212	105,724	1,464	2,504	–	205,584	168,293
Online resources and promotions	48	47,139	112,050	–	157	–	159,394	132,616
Ofce and Administration	30,753	42,034	103,134	12,225	128,858	66,439	383,443	389,193
Exchange losses	–	–	0	–	46,171	31,223	77,394	129,345
	394,244	292,314	821,916	127,760	226,606	2,363,513	4,226,353	8,616,573
Support and governance costs	78,276	38,954	79,141	30,235	(226,606)	–	–	–
Total	472,520	331,268	901,057	157,995	–	2,363,513	4,226,353	8,616,573

IAPB | Annual Report 2020

5. Grants to other organisations

�� developing world. Such grants may be funded from restricted or unrestricted income. Grants paid were as follows:

Sightsavers Orbis International Helen Keller International The Fred Hollows Foundation (FHF) CBM-UK Brian Holden Vision Institute Operation Eyesight Tilganga Institute of Ophthalmology Seva Foundation Ispahani Islamia Eye Institute Africa Eye Foundation Peek Foundation Bhutan Ministry of Health International Centre for Eye Health (ICEH) World Health Organisation (WHO) Addenbrookes Charitable Trust Other (Innovation & Locally Developed Projects) Other (None SiB grants given) Total 2019	Seeing is Believing Other £ £ 342,922 – 355,131 – �� – 164,948 94,210 199,996 – 144,114 – �� – 61,834 – 25,359 – – – – – – 10,000 – – – – – – – – �� – – – 2,043,233 104,210 6,155,406 168,118	2020 £ �� 355,131 273,081 �� �� 144,114 107,477 61,834 �� – – 10,000 – – – – 368,371 – 2,147,443 6,323,524	2019 £ 868,658 �� �� 496,132 �� 180,643 �� 224,886 �� 195,925 �� �� �� 15,024 12,955 �� �� –
			6,323,524

�� disclosed in note 13.

IAPB | Annual Report 2020

6. Net (expenditure)/income

6. Net (expenditure)/income
This is stated after charging:	2020	2019
	£	£
Depreciation	53,517	61,493
Trustees’ remuneration	–	–
Trustees’ expenses reimbursed and paid directly	7,254	43,954
Senior management remuneration	��	424,542
Auditors’ remuneration:
�Charity audit	22,800	24,000
�Adjustment from prior year	–	10,000
�Other Services	–	5,116

�� subsistence costs.

��


�� Salaries and wages Social security costs Pension �� �� Total The numbers of employees whose emoluments for the year fell within the following bands were: �� �� £80,000 – £90,000 £90,000 – £100,000 £100,000 – £110,000 �� Global Advocacy Strengthening the Network Connecting Knowledge Seeing is Believing Providing Services Support and Governance costs Total	2020 2019 £ £ �� �� 72,508 �� 85,136 81,985 �� �� �� – �� �� 2020 2019 3 4 2 – – – – – 1 1 Head Count 2020 2019 5.8 �� 3.8 4.0 4.0 3.8 3.1 3.2 2.0 1.4 0.6 1.3	2019 £ �� �� 81,985 �� –
		��
	�� 18.4

IAPB | Annual Report 2020

8. Fixed Assets

8. Fixed Assets
Cost At 1 January 2020 Additions during the year Disposal during the year At 31 December 2020 Depreciation At 1 January 2020 Charge for the period Disposal during the year Loss on disposal At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 �� All Intangibles are internally developed web resources.	Tangible £ 86,648 13,824 – 100,472 �� 9,946 – – 80,250 20,222 16,344	Intangible £ 156,656 – – 156,656 113,085 �� – – 156,656 – 43,571	Total £ 243,304 13,824 –
			257,128
			�� 53,517 – –
			��

			20,222

			��

��

Trade debtors Amounts owing by subsidiary Accrued income Prepayments Other debtors	Group 2020 2019 £ £ �� �� – – – 35,300 17,700 155,124 420 22,561 212,368 ��	Charity 2020 2019 £ £ �� 131,042 �� �� – 35,300 17,700 24,341 �� 12,221 503,556 ��	Charity 2020 2019 £ £ �� 131,042 �� �� – 35,300 17,700 24,341 �� 12,221 503,556 ��
			��

Trade debtors include membership and grant invoices due as at 31 December 2020.

IAPB | Annual Report 2020

10. Creditors: amounts due within one year

Trade creditors Accruals Deferred income Other creditors Deferred income movements in the year: Membership Grants and sponsorship	Group 2020 2019 £ £ 175,397 100,242 46,179 25,543 693,902 283,573 3,303 16,181 918,781 425,540 2019 Release from previous year £ £ 218,389 283,573 65,184 – 283,573 283,573	Charity 2020 2019 £ £ 37,742 75,188 46,179 25,543 585,046 218,388 3,303 16,181 672,270 358,798 Addition in current year 2020 £ £ 181,473 181,473 512,429 512,429 693,902 693,902	Charity 2020 2019 £ £ 37,742 75,188 46,179 25,543 585,046 218,388 3,303 16,181 672,270 358,798 Addition in current year 2020 £ £ 181,473 181,473 512,429 512,429 693,902 693,902
			358,798
			2020 £ 181,473 512,429
			693,902

Deferred income includes income received in 2020 relating to the 2021 financial year.

11. Analysis of group net assets between funds

11. Analysis of group net assets between funds
2020 Tangible and Intangible fxed assets Net current Assets Group net assets at the end of the year 2019 Tangible and Intangible fxed assets Net current Assets Group net assets at the end of the year	Restricted funds £ – 38,819 38,819 – 2,115,013 2,115,013	General funds £ 20,222 835,155 855,377 59,915 790,199 850,114	Total funds £ 20,222 873,974
			894,196
			59,915 2,905,212
			2,965,127

IAPB | Annual Report 2020

12. Movement in funds

12. Movement in funds
				Transfers
	At the start			between	At the end
for year ended 31 December 2020	of the year	Income	Expenditure	funds	of the year
Global Advocacy	£	£	£	£	£
Global and Regional Advocacy
CBM	–	14,834	14,834	–	–
FHF	–	39,600	39,600	–	–
Friends of Vision Secretariat
Various	–	44,986	44,986	–	–
Vision for Africa – Various
CBM	–	��	��	–	–
Swiss Red Cross (Schweizerisches Rotes Kreuz)	–	38,819	–	–	38,819
Knowledge and Learning
HReH Development –
Seeing is Believing Programme	(33,562)	��	102,860	��	–
Bhutan RAAB study –
Lions Club, Mission for Vision	��	–	��	–	–
Strengthening the Network	–	96,618	96,618	–	–
Programmes
Seeing is Believing Programme –
Standard Chartered Bank	2,142,383	��	2,009,558	(144,904)	–
Seeing is Believing Support –
Standard Chartered Bank	(1,630)	��	251,095	–	–
Total restricted funds	2,115,013	528,813	��	��	38,819
Unrestricted funds:
General funds	850,114	1,626,609	��	��	��
Total funds	��	2,155,422	4,226,353	–	��

Exchange gains and losses and included under outgoing resources.

��

IAPB | Annual Report 2020

12. Movement in funds – continued

12. Movement in funds –continued
				Transfers
	At the start	Incoming	Outgoing	between	At the end
��	of the year	Resources	Resources	funds	of the year
Global Advocacy	£	£	£	£	£
World Report on Vision – QEDJT	��	120,000	106,261	–	–
Friends of Vision Secretariat – Various	19,653	–	19,653	–	–
Global and Regional Advocacy – CBM	–	51,085	51,085	–	–
Global and Regional Advocacy – FHF	–	34,118	34,118	–	–
Vision for Africa – Various	23,013	–	23,013	–	–
WHO AFRO – LftW, CBM, FHF	93,604	–	93,604	–	–
Knowledge and Learning
HReH Development –
Seeing is Believing Programme	13,423	–	��	��	(33,562)
Bhutan RAAB study –
Lions Club, Mission for Vision	–	85,622	��	–	��
Programmes
Seeing is Believing Programme –
Standard Chartered Bank	��	458,860	��	��	2,142,383
Seeing is Believing Support –
Standard Chartered Bank	��	230,263	289,605	–	(1,630)
Total restricted funds	��	��	��	–	2,115,013
Unrestricted funds:
General funds	864,012	1,542,803	��	–	850,114
Total funds	��	2,522,751	8,616,573	–	��

IAPB | Annual Report 2020

13. Grant commitments

�� at the year end were as follows.

Seeing is Believing ORBIS International Sightsavers Helen Keller International CBM The Fred Hollows Foundation Brien Holden Vision Institute Tilganga Institute of Ophthalmology Operation Eyesight SEVA Foundation Gloucestershire Hospitals NHS Foundation Trust Africa Eye Foundation LSHTM Addenbrookes Charitable Trust �� �� Total Seeing is Believing Commitments	2020 £ – – – – – – – – – – – – – – – –	2019 £ �� �� 203,101 128,935 115,255 113,212 �� 35,048 �� – – – – 108,225 ��
		��

Seeing is Believing was closed on 31 December 2020 and prior commitments were paid during the year.

14. Subsidiary undertakings

�� activities of the company are the receipt of corporate sponsorship, sale of exhibition space and advertising. ��

�� �� Total income �� �� �� Total expenses �� Donation to IAPB	2020 £ �� �� �� 4,151 �� �� 6,775 6,775	2019 £ 184,006
		184,006 119,963 19,325 ��
		��
		��
		��

��

IAPB | Annual Report 2020

15. Related parties

IAPB Member organisations are the main donors to the charity and are also often paid funds in furtherance of IAPB’s ��

�� (other than membership fees), and the aggregate amounts for each related organisation are as follows (>£5,000):

	2020		2019
	£	£	£	£
Trustee	Amount	Amount	Amount	Amount
Related organisation	received	paid	received	paid
��
CBM	44,837	��	51,085	��
��
Helen Keller International (HKI)	–	273,082	–	��
��
ORBIS International	–	355,131	–	��
��
Sightsavers	��	��	63,301	868,658
��
Fred Hollows Foundation (FHF)	��	��	68,100	��
��
Brien Holden Vision Institute (BVI)	77,024	144,114	83,110	180,643
��
Light for the World (LFW)	–	–	6,000	–
��
Lions Club International (LCI)	–	–	��	–
��
Queen Elizabeth Diamond Jubilee Trust (QET)	–	–	120,000	–
��
Nepal Netra Jyoti Sangh	–	–	��	–
��
IAPB Trading Ltd	–	–	158,980	–
��
Operation Eyesight Universal	–	107,477	–	��
��
Seva Foundation	–	��	��	��

Amounts include grants (see note 5), donations and services.

IAPB | Annual Report 2020

16. Funds held as a custodian for Optometry Giving Sight (OGS)

During 2020 IAPB refunded amounts held on behalf of Optometry Giving Sight (OGS). The IABP administered OGS bank account was closed. Optometry Giving Sight UK is incporated in its own right and has operated since July 2011.

Funds held on behalf of OGS at 31 December Cash at bank Funds held for OGS	2020 £ – –	2019 £ ��
		7,153

Funds held in custody for OGS UK are shown here only for information and are not consolidated into the accounts.

Published by International Agency for the Prevention of Blindness �� Registered in England and Wales

Contents

Lookin to the Future g

Bob McMullan, President

Resilience!

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Peter Holland, Chief Executive

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Global Advocac y

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WORLD HEALTH ASSEMBLY RESOLUTION ON INTEGRATED PEOPLE CENTRED EYE CARE (IPEC)

UNITED NATIONS FRIENDS OF VISION

PROGRESS ON FIRST-EVER UNITED NATIONS GENERAL ASSEMBLY RESOLUTION ON VISION

WHAT NEXT?

������� ������ ����� � �

Jude Stern, Head of Knowledge Management IAPB

COVID-19 & EYE HEALTH PROGRAMME

VISION ATLAS 2020

A NEW DIGITAL PLATFORM – KNOWLEDGE HUB, EVENTS, RESOURCE LIBRARY

2021 – THE YEAR AHEAD

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Rachael Bourke, Membership Services Manager

IAPB Africa Hi hli hts g g

Simon Day, IAPB Africa Programme Manager

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A RESOLUTION ON EYE HEALTH ACHIEVED AT THE EAST, CENTRAL AND SOUTHERN AFRICA HEALTH COMMUNITY HEALTH MINISTERS CONFERENCE

KEY RECOMMENDATIONS ON EYE HEALTH AT THE WEST AFRICAN HEALTH ORGANIZATION 10TH ANNUAL HIS MANAGERS AND PARTNERS MEETING

ORIENTATION MEETING FOR THE IMPLEMENTATION OF THE WHO AFRO PRIMARY EYE CARE TRAINING MANUAL IN LUSOPHONE MEMBER STATES

OTHER ACTIVITIES IN 2020

LOOKING AHEAD

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Yuddha Dhoj Sapkota, IAPB South East Asia Regional Coordinator

WRV COUNTRY LAUNCH BANGLADESH

PUBLICATION OF EVIDENCES IN PEER REVIEWED JOURNAL

1. Refractive error study in School Children of Bhutan

2. Rapid Assessment of Avoidable Blindness in Rohingya Refugee camp in Bangladesh

3. South East Asia focused DR screening and management guidelines

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5. Myanmar eliminates trachoma as a public health problem

LOOKING AHEAD

����� ������������ � �

Sally Crook, Seeing is Believing Programme Manager

COVID-19 IMPACT

��������� ��������� ��

Phillip Hoare, Procurement Manager

THE START OF A NEW BEGINNING IN 2020 – IAPB VALUED SUPPLIERS LIST

����� ����������� �

STATEMENT OF PUBLIC BENEFIT

STATEMENT ON FUNDRAISING PRACTICES

FINANCIAL REVIEW

INCOME AND EXPENDITURE

�������������������� For the year ended 31 December 2020

OPERATING STATEMENT

FUNDS POSITION

RESERVES POLICY

STATEMENT OF GOING CONCERN

EXECUTIVE STAFF

RISK POLICY

REMUNERATION POLICY

THE TRUSTEES

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

STATEMENT AS TO THE DISCLOSURE OF INFORMATION TO AUDITORS

Robert F McMullan

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OPINION

BASIS FOR OPINION

CONCLUSIONS RELATING TO GOING CONCERN

OTHER INFORMATION

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

RESPONSIBILITIES OF TRUSTEES

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

USE OF OUR REPORT

�������������������� For the year ended 31 December 2020

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

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