2022-05-31-accounts - The Association Of Health Professions In Ophthalmology

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REGISTERED COMPANY NUMBER: 05001958 (England and Wales)
REGISTERED CHARITY NUMBER: 1107638

`Report of the Trustees and`

`Unaudited Financial Statements`

for the Year Ended 31 May 2022

`for`

The Association of Health Professions in
Ophthalmology

Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

The Association of Health Professions in
Ophthalmology

`Contents of the Financial Statements for the Year Ended 31 May 2022`

	`Page`
`Report of the Trustees`	`1 to 2`
`Independent Examiner's Report`	`3`
`Statement of Financial Activities`	`4`
`Balance Sheet`	`5 to 6`
`Notes to the Financial Statements`	`7 to 13`
`Detailed Statement of Financial Activities`	`14 to 15`

`The Association of Health Professions in Ophthalmology`

`Report of the Trustees for the Year Ended 31 May 2022`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
their reportwith the financialstatementsof the charityfor the year ended 31 May 2022.The trustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Theobjectivesofthecharityaretopromoteapractice,education,trainingandresearchinthefield of
ophthalmologyand visionsciencethroughoutthe United Kingdomby promotinghigh standardsof care  and
treatmentofpatientswithdiseaseordisabilityaffectingtheeyesorvision,advancingpubliceducation in
ophthalmologyandvisionscience,andrepresentingtheneedsandinterestsofophthalmologyand vision
scienceintheprovisionandadvancementofhealthcare.Thecharityalsoaimstoencourageand support
education into the prevalence, risk factors and treatment of ophthalmic diseases for the public benefit.

`Significant activities`

Duringtheperiodthecharityhascontinuedtodevelopitsteachingprogrammesasa registered
apprenticeshiptrainingprovidertodeliverLevel4apprenticeshipsinHealthcareScience/Ophthalmic and
VisionScienceforOphthalmicassociatepractitioners.Thecharityhasalsocontinuedtooffertraining for
assessorsand for functionalskills in Mathematicsand English as well as continuingto work with its  students
ontheAssociationofHealthProfessionsinOphthalmologydiplomainOphthalmicVision&Science. An
increase in students during the long period has led to the increase in the charity's income.

`FINANCIAL REVIEW`

`Financial position`

Theattachedfinancialstatementsshowthecurrentstateofthecompanyfinances,whichthe Trustees
considertobesatisfactory.Themainsourceofincomeisfromstudentcoursefees.Thecharitydoes not
raise funds from the public.

The charity's banker is the Co-operative Bank.

`Reserves policy`

TheTrusteesregularlyreviewtheCharity'slevelofreservesheldagainsttheexpectedexpenditure. They
consider the current level of reserves allow them to meet the Charity's objectives.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

`Organisational structure`

The charityis organisedas an independentassociationof organisationsinterestedin furtheringthe objects
of the charity. It has a board of trustees who are also directors and a company secretary.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

05001958 (England and Wales)

Page 1

The Association of Health Professions in
Ophthalmology

Report of the Trustees
for the Year Ended 31 May 2022

`Registered Charity number`

`Registered office`

59 New Street
Burton-on-Trent
Staffordshire
DE14 3QY

`Trustees`

Ms R M McNamara
D Sculfor (resigned 5.1.22)
M E Bairstow

`Company Secretary`

Dr R J Harrison

`Independent Examiner`

Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

Approved by order of the board of trustees on 15 February 2023 and signed on its behalf by:

Dr R J Harrison - Secretary

Page 2

`Independent Examiner's Report to the Trustees of The Association of Health Professions in Ophthalmology`

`Independent examiner's report to the trustees of The Association of Health Professions in`

`Ophthalmology ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 May 2022.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsas carried out under section145 of the CharitiesAct 2011 ('the 2011 Act'). In carrying out
my examinationI have followedthe Directionsgiven by the CharityCommissionunder section145(5)(b)  of
the 2011 Act.

`Independent examiner's statement`

I have completedmy examination.I confirmthat no mattershave come to my attentionin connection with
the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Mrs M J Edwards
Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

15 February 2023

Page 3

`The Association of Health Professions in Ophthalmology`

`Statement of Financial Activities for the Year Ended 31 May 2022`

`31.5.22` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `-` `Charitable activities` `Diploma income` `40,260` `Investment income` `2` `9,600` `Total` `49,860` `EXPENDITURE ON` `Raising funds` `14,580` `Other` `38,221` `Total` `52,801` `NET INCOME/(EXPENDITURE)` `(2,941)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `148,783` `TOTAL FUNDS CARRIED FORWARD` `145,842`	`31.5.21` `Total` `funds` `£` `142,000` `43,705` `9,600`
	`195,305` `17,252` `40,405`
	`57,657`
	`137,648` `11,135`
	`148,783`

The notes form part of these financial statements

Page 4

`The Association of Health Professions in Ophthalmology`

`Balance Sheet 31 May 2022`

31.5.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
3,427
Investments
Investments
8
-
Investment property
9
140,000
143,427
CURRENT ASSETS
Debtors
10
1,875
Cash at bank
2,718
4,593
CREDITORS
Amounts falling due within one year
11
(2,178)
NET CURRENT ASSETS
2,415
TOTAL ASSETS LESS CURRENT LIABILITIES
145,842
NET ASSETS
145,842
FUNDS
12
Unrestricted funds
145,842
TOTAL FUNDS
145,842 31.5.21
Total
funds
£
3,413
2,000
140,000
145,413
5,075
2,238
7,313
(3,943)
3,370
148,783
148,783
148,783
148,783

Thecharitablecompanyis entitledto exemptionfromauditunderSection477of theCompaniesAct 2006
for the year ended 31 May 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 5

`The Association of Health Professions in Ophthalmology`

`Balance Sheet - continued`

`31 May 2022`

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
15 February 2023 and were signed on its behalf by:

M E Bairstow - Trustee

The notes form part of these financial statements

Page 6

The Association of Health Professions in

`Ophthalmology`

`Notes to the Financial Statements for the Year Ended 31 May 2022`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein theUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value.

`Income`

Allincomeisrecognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Tangiblefixed assetsare includedat cost less depreciationand impairment.Depreciationis provided
at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment                   -  Straight line over 3 years
Website                                    -  20% on cost

`Investment property`

Investmentpropertyis shown at most recentvaluation.Any aggregatesurplusor deficitarising from
changes in fair value is recognised in the Statement of Financial Activities.

`Related party exemption`

Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancial Reporting
Standard102'TheFinancialReportingStandardapplicablein theUK and Republicof Ireland',not to
disclose related party transactions with wholly owned subsidiaries within the group.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.

continued...

Page 7

`The Association of Health Professions in Ophthalmology`

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`1. ACCOUNTING POLICIES - continued`

`Fund accounting`

Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the  charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.

`Debtors`

Shorttermdebtorsaremeasuredattransactionpricelessanyimpairment.Anylossesarising from
impairment are recognised in profit or loss.

`Creditors`

Short term creditors are measured at transaction price.

`Cash`

Cash at bank represents monies held on the the business current account, with instant access.

`2. INVESTMENT INCOME`

`2.`	`INVESTMENT INCOME`
		`31.5.22`	`31.5.21`
		`£`	`£`
	`Rents received`	`9,600`	`9,600`
`3.`	`NET INCOME/(EXPENDITURE)`
	`Net income/(expenditure) is stated after charging/(crediting):`
		`31.5.22`	`31.5.21`
		`£`	`£`
	`Depreciation - owned assets`	`1,854`	`1,173`
	`Deficit on disposal of fixed assets`	`2,000`	`-`

continued...

Page 8

The Association of Health Professions in
Ophthalmology

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewere no trustees'remunerationor otherbenefitsfor the year ended 31 May 2022nor for the
year ended 31 May 2021.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31May2022norfortheyear ended
31 May 2021.

`5. STAFF COSTS`

The average monthly number of employees during the year was as follows:

Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Diploma income
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward 31.5.22
31.5.21
1
1
Unrestricted
fund
£
142,000
43,705
9,600
195,305
17,252
40,405
57,657
137,648
11,135

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

continued...

Page 9

`The Association of Health Professions in Ophthalmology`

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

		`Unrestricted`
		`fund`
		`£`
	`TOTAL FUNDS CARRIED FORWARD`	`148,783`
`7.`	`TANGIBLE FIXED ASSETS`
		`Office`
		`equipment`
		`£`
	`COST`
	`At 1 June 2021`	`6,745`
	`Additions`	`1,868`
	`At 31 May 2022`	`8,613`
	`DEPRECIATION`
	`At 1 June 2021`	`3,332`
	`Charge for year`	`1,854`
	`At 31 May 2022`	`5,186`
	`NET BOOK VALUE`
	`At 31 May 2022`	`3,427`
	`At 31 May 2021`	`3,413`
`8.`	`FIXED ASSET INVESTMENTS`

There were no investment assets outside the UK.

continued...

Page 10

`The Association of Health Professions in Ophthalmology`

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`9. INVESTMENT PROPERTY`

`FAIR VALUE` `At 1 June 2021` `and 31 May 2022` `NET BOOK VALUE` `At 31 May 2022` `At 31 May 2021` `10.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `11.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors and accruals` `Social security and other taxes` `Other creditors` `Accrued expenses` `12.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.6.21` `£` `148,783` `148,783`	`31.5.22` `£` `1,875` `31.5.22` `£` `286` `188` `89` `1,615` `2,178` `Net` `movement` `in funds` `£` `(2,941)` `(2,941)`	`£` `140,000`
			`140,000`
			`140,000`
			`31.5.21` `£` `5,075` `31.5.21` `£` `1,900` `330` `99` `1,614` `3,943` `At` `31.5.22` `£` `145,842`
			`145,842`

continued...

Page 11

`The Association of Health Professions in Ophthalmology`

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`12. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS` `Comparatives for movement in funds` `Unrestricted funds` `General fund` `TOTAL FUNDS`		`Incoming` `resources` `£` `49,860` `49,860` `At 1.6.20` `£` `11,135` `11,135`	`Resources` `Movement` `expended` `in funds` `£` `£` `(52,801)` `(2,941)` `(52,801)` `(2,941)` `Net` `movement` `At` `in funds` `31.5.21` `£` `£` `137,648` `148,783` `137,648` `148,783`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `195,305` `195,305`	`Resources` `Movement` `expended` `in funds` `£` `£` `(57,657)` `137,648` `(57,657)` `137,648`

continued...

Page 12

`The Association of Health Professions in Ophthalmology`

`Notes to the Financial Statements - continued for the Year Ended 31 May 2022`

`12. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.6.20` `£` `11,135` `11,135`	`Net` `movement` `in funds` `£` `134,707` `134,707`	`At` `31.5.22` `£` `145,842`
			`145,842`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`245,165`	`(110,458)`	`134,707`
`TOTAL FUNDS`	`245,165`	`(110,458)`	`134,707`

`13. RELATED PARTY DISCLOSURES`

DuringthepreviousyearagiftwasmadetotheCharitybyoneoftheTrustee'sintheform of
propertyandshares.Noconsiderationwasexchangedandthemarketvalueofthegiftatthe time
equatedto£142,000.ThisamounthasbeenrecognisedintheCharity'sincomestatement and
balance sheet in these accounts.

Page 13

`The Association of Health Professions in Ophthalmology`

`Detailed Statement of Financial Activities` `for the Year Ended 31 May 2022` `INCOME AND ENDOWMENTS` `Donations and legacies` `Gifts` `Investment income` `Rents received` `Charitable activities` `Diploma income` `Total incoming resources` `EXPENDITURE` `Other trading activities` `Diploma expenses` `Support costs` `Management` `Wages` `Insurance` `Telephone` `Administration expenses` `Website and computer expenses` `Depreciation of office equipment` `Loss on sale of intangible fixed assets` `Other` `Repairs and renewals` `Accountancy fees` `Professional fees` `Miscellaneous` `Governance costs` `Rates and water` `Carried forward`	`31.5.22` `£` `-` `9,600` `40,260` `49,860` `14,580` `20,783` `1,392` `515` `3,039` `2,003` `1,854` `2,000` `31,586` `1,329` `1,849` `109` `23` `3,310` `874` `874`	`31.5.21` `£` `142,000` `9,600` `43,705`
		`195,305` `17,332` `18,232` `493` `664` `2,156` `1,698` `1,173` `-`
		`24,416` `1,156` `1,854` `-` `134`
		`3,144` `1,228` `1,228`

This page does not form part of the statutory financial statements

Page 14

`The Association of Health Professions in Ophthalmology`

`Detailed Statement of Financial Activities for the Year Ended 31 May 2022`

`Detailed Statement of Financial Activities` `for the Year Ended 31 May 2022`
`Governance costs` `Brought forward` `Light and heat` `Legal fees` `Total resources expended` `Net (expenditure)/income`	`31.5.22` `£` `874` `2,451` `-` `3,325` `52,801` `(2,941)`	`31.5.21` `£` `1,228` `1,697` `9,840`
		`12,765`
		`57,657`
		`137,648`

This page does not form part of the statutory financial statements

Page 15