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|Legal and administrative||information|
|---|---|---|
|Directors' report|||
|Independent
examiner's||report|
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial statements|||
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|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|||
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||||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)|
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|||||||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)|
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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|||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)|
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|18|Statement of movement|Statement of movement|Statement of movement|Statement of movement|in|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)|
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|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)|
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|||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||
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