2021-12-31-accounts - I.o.o. Limited

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Legal and administrative		information
Directors' report
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial statements

Directors/trustees	Directors/trustees			Mr A Gasson
				Miss) A Morris
				Dr M Wolffe
				Mr D P Ehrlich (resigned		21May 2022)
Company registered			number	05159638
Charity registered		number		1104744
Registered	office			56-62 Newington	Causeway
				London
				SE16DS
independent	auditors			Lindeyer Francis Ferguson		Limited
				Chartered Accountants
				North House
				198High Street
				Tonbridge
				Kent
				TN9 1BE
Bankers				Lloyds Bank pic
				243-245 Elephant	and Castle Shopping Centre
				London
				SE16TE
Solicitors				Bates Wells Braithwaite
				2-6 Cannon Street
				London
				EC4M 6YH

			Endowment	Unrestrfcted	Total	Total
			funds	fund's	funds	funds
			2021	2021	2021	2020
			Amended	Amended	Amended	Astestuted
		Notes	E			E
Income from:
Donations and	legacies			63,270	63,270	111,776
Charitable activities Other trading activities				273,476	273,476	186,303
Premises hire						755
Investments				68	68	4
Other				14,736	14,736	12,736
Total income				351,550	351,550	311,574
Expenditure on:
Raising funds
Premises hire						273
Charitable activities				451,585	451,585	437,401
Total expenditure				451,585	451,585	437,674
Net expenditure	and net movement
in funds				( 100,035)	(100,035)	( 126,100)
Reconciliation of	funds:
Total funds brought forward:
As originally stated			8,711	( 68,276)	( 59,565)	66,535
Prior period restatement		2	375,000	(375,000)
As restated			383,711	( 443,276)	( 59,565)	66,535
Total funds carried forward		18	383,711	( 543,311)	(159,600)	( 59p565)

						2021		2020
						Amended		As restated
			Notes			E	E	E
Fixed assets
Tangible assets Investments			12 13			395,863 9,390		377,610 9,323
Current assets						405,253		386,933
Stocks Debtors			14	14,798 19,949			8,389 15,292
Cash at bank and	in	hand		1,598			9,921
				36,345			33,602
Liabilities
Creditors: amounts		falling due within
one year			15	( 553,736)			( 435,100)
Net current liabilities						(517,391)		(401,498)
Total assets less current liabilities					( 112,138)			( 14,565)
Creditors: amounts	falling due in more than
one year			16			( 47,462)		( 45,000)
Total net liabilities					( 159,600)			( 59,565)
Charity funds
Endowment funds Unrestricted funds					383,711 ( 543,311)			383,711 ( 443,276)
Total funds			1$		(	159,600)		( 59,565)

Income from donations and legacies
	2022	2020
		6
Donation from subsidiary		1,289
Collection boxes - opticians	798	1,652
Legacies and other donations	1,504	920
Donated assets	6,000
Government Grants	54,968	107,915
	63,270	111,776

Income from charitable activities
	2021	2020
		6
Clinics and dispensing	259,862	180,857
Research	13,614	5,446
	273,476	186,303
Income from investments
	2022	2020
		E
Bank interest	68

6	Other income	Other income
						2021 E	2020f
	Rent and management		recharges to	subsidiary		14,736	12,736
7	Expenditure	on charitable activities
					Suppart
				Nrect costs	costs	Total	Total
				2021 E	2021 E	2021f	2020f
	Clinics and dispensing			305,733	124,090	429,823	416,662
	Education and training			288	117	405	377
	Research			15,191	6,166	21,357	20,362
				321,212	130,373	451,585	437,401
				Noae 8	Note 9
8	Direct costs

321,212 Noae 8 Direct costs	130,373 451,585 Note 9	437,401
	Total	Toaal
	2021	2020
	E
Wages and salaries	245,834	234,017
National insurance	15,627	14,245
Pension contributions	418	5,507
Freelance Staff	1,925
Supply ofspectacles	43,444	34,278
Supply ofcontact lenses &solutions	12,398	13,199
Special learning difficulties	1,278	234
Cost ofcourses	288	260
Other direct expenses		99
	321,212	301,839

Support costs
			Total	Total
			2021f	2020
Wages and salaries			8,828	21,246
National insurance			604	580
Pension contributions			171	169
Premises repairs and maintenance			2,068	7,681
Equipment repairs and	maintenance		1,106	1,742
Computer maintenance			11,351	12,594
Insurance			19,760	15,084
Miscellaneous expenses			45	216
Rates			20,768	19,206
Light and heat			9,710	8,655
Telephone			4,809	5,780
Printing, post and stationery Leasing ofequipment			10,537 3,079	7,149 3,693
Cleaning and laundry			5,003	5,167
Bank charges and interest			17,597	14,715
Legal and professional	fees		7,615	6,899
Depreciation			2,945	816
Loss on Disposal			27
Governance costs:
Independent examiners'		remuneration	3,690	3,510
Independent examiners'		fees for accounts preparation	660	660
			130,373	135,562

Staffcosts
			2021	2020
			6	E
Wages and salaries			254,662	255,263
Social security costs			16,231	14,825
Pension contributions			589	5,676
Freelance Staff			1,925
			273,407	275,764
			2021	2020
				IVtx
Average number ofemployees			13	15
No employees (2020:none) received remuneration		in excess of660,000.
Net expenditure
			2021	2020
			g	g
This is stated after charging:
Depreciation oftangible	fixed assets		2,945	816
Operating lease rentals			3,079	3,693
Independent examiners'	remuneration		3,690	3,510
Independent examiners'	fees for accounts preparation		660	660

Tangible fixed assets
		&@petty	Fixtures,
	Freehold	improve-	fittings 8
	propertir	ments	equipment
	E	E	E
Cost
At 1January 2021	375,000	216,994	113,433	705,427
Additions			21,225	21,225
Disposals			(1,582)	(1,582)
At 31December 2021	375,000	216,994	133,076	725,070
Depreciation
At 1January 2021		216,994	110,823	327,817
Charge forthe year			2,945	2,945
On disposals			(1,555)	( 1,555)
At 31December 2021		216,994	112,213	329,207
Net book value
At31December 2021	375,000		20,863	395,863
At 31December 2020	375,000		2,610	377,610

Fixed asset investments
					Shams	in Cosh
					svhsidfary		investments	Total
Cost
At 1January 2021						2	9,321	9,323
Additions							67	67
At 31December 2021						2	9,388	9,390
The shares in subsidiary	relate	to I.O.O.Sales Limited which		is a wholly			owned subsidiary	undertaking
of I.O.O. Limited, with an issued share capital oftwo ordinary					shares	off1each. I.O.O. Sales Limited
is registered in England,	and	has the same registered	office address				as I.O.O Limited.	Its trading
activity isto market optometric		goods and services. Summary			trading		results for I.O.O. Sales Limited
are shown below.
							2021	2020
I.O.O.Sales limited							g	S
Turnover							42,528	40,333
Cost ofsales							( 11,146)	( 8,278)
Distribution and administration		costs					(39,701)	( 35,313)
Interest receivable or payable							( 263)	1
Other operating income Gift Aid to 1.0.0.Limited							5,158	4,546 (1,289)
Loss for the financial year ended 31December							(3,424)
Capital and reserves at 31December							(3,422)
Debtors
							2021	2020
							2	S
Fees receivable							7,113	5,440
Amounts owed by group	undertakings						4,380	1,073
Prepayments and accrued income							8,456	8,779
							19,949	15,292

			2021f	2020 f
Bank overdraft			224,011	218,803
Bankloan			3,166	5,000
Trade creditors			32,104	27,032
Taxation and social security			70,863	33,001
Other creditors			177,545	107,991
Payments received on		account for research contracts	3,630	17,224
Accruals and deferred		income	42,417	26,049
			553,736	435,100
Deferred income	brought forward		17,244
Income deferred	in the	year	18,906	17,244
Income released	in the	year	( 13,614)
Deferred income	carried forward		22,536	17,244

Creditors:	amounts	falling due after one year
			2021f	2020f
Bank loan	due in more than one year		47,462	45,000
Amounts	repayable	after more than 5years:
By instalments			22,149	5,000

		2021	2020
			E
Fixed assets
Tangible fixed assets		375,000	375,000
Total net assets		375,000	375,000
Charity funds
Endowment	funds	375,000	( 375,000)
Totalfunds		375,000	I 375,000)

Statement of movement	Statement of movement	Statement of movement	Statement of movement	funds
					Brought				Carried
Current year					fonverd E	income E	Espenditure f		forward f
Unrestricted	funds
General fund					( 443,276)	351,550	(451,585)		( 543,311)
Endowment	funds
J.Stephen Dawson		Memorial		Fund	8,711				8,711
Institute ofOptometry			1104744-1		375,000				375,000
Total endowment		funds			383,711				383,711
Total funds					( 59,565)	351,550	( 451,585)		( 159,600)
					Jfrought				Carried
					forssard	income	Brpenditure		foneord
Prior year					E	E		E	E
Unrestricted	funds
General fund					( 317,176)	311,574	( 437,674)		( 443,276)
Endowment	funds
J.Stephen Dawson		Memorial		Fund	8,711				8,711
Institute ofOptometry			1104744.1		375,000				375,000
Total endowment		funds			383,711				383,711
Total funds					66,535	311,574	( 437,674)		( 59,565)

Analysis ofnet assets between funds
	Restricted	Endowment	Unmstricted	Total
	funds	funds	funds	j'unds
	2021	2021	2021	2021
Cumsnt year	E	E	E	E
Tangible fixed assets		375,000	20,863	395,863
Fixed asset investments		8,711	679	9,390
Current assets			36,345	36,345
Creditors: within one year			( 553,736)	( 553,736)
Creditors: more than one year			( 47,462)	( 47,462)
		383,711	( 543,311)	( 159,600)
	Restrkted	Endowment	Unrestricted	totai
	jtrnds	funds	jbndr	funds
	2020	2020	2020	2020
	E	E	E	E
Tangible fixed assets		375,000	2,610	377,610
Fixed asset investments		8,711	612	9,323
Current assets			33,602	33,602
Creditors: within one year			( 435,100)	( 435,100)
Creditors: more than one year			( 45,000)	( 45,000)
		383,711	( 443,276)	( 59,565)

		2021	2020
		E	E
Due	not later than one year	3,930
Due	later than one year but not later than five years	7,349
		11,279