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 2023
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 2023
|
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 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
their reportwith the financialstatementsof the charityfor the year ended 31 May 2023.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 2023
Registered Charity number
1107638
Registered office
59 New Street
Burton-on-Trent
Staffordshire
DE14 3QY
Trustees
Ms R M McNamara
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 22 February 2024 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 2023.
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'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection 145(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
22 February 2024
Page 3
The Association of Health Professions in Ophthalmology
Statement of Financial Activities for the Year Ended 31 May 2023
31.5.23
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Diploma income
45,579
Consultations
4,488
Investment income
2
7,401
Total
57,468
EXPENDITURE ON
Raising funds
29,504
Other
43,830
Total
73,334
NET INCOME/(EXPENDITURE)
(15,866)
RECONCILIATION OF FUNDS
Total funds brought forward
145,842
TOTAL FUNDS CARRIED FORWARD
129,976 |
31.5.22
Total
funds
£
40,260
-
9,600
49,860
14,580
38,221
52,801
(2,941)
148,783
145,842 |
|
|
The notes form part of these financial statements
Page 4
The Association of Health Professions in Ophthalmology
Balance Sheet 31 May 2023
31.5.23
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
2,534
Investment property
8
140,000
142,534
CURRENT ASSETS
Debtors
9
8,310
Cash at bank
2,326
10,636
CREDITORS
Amounts falling due within one year
10
(23,194)
NET CURRENT ASSETS
(12,558)
TOTAL ASSETS LESS CURRENT LIABILITIES
129,976
NET ASSETS
129,976
FUNDS
11
Unrestricted funds
129,976
TOTAL FUNDS
129,976 |
31.5.22
Total
funds
£
3,427
140,000
143,427
1,875
2,718
4,593
(2,178)
2,415
145,842
145,842
145,842
145,842 |
|
|
Thecharitablecompanyis entitledto exemptionfromauditunderSection477of theCompaniesAct 2006
for the year ended 31 May 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.
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.
The notes form part of these financial statements
continued...
Page 5
The Association of Health Professions in Ophthalmology
Balance Sheet - continued
31 May 2023
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
22 February 2024 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 2023
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 2023
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 |
|
|
|
|
31.5.23 |
31.5.22 |
|
|
£ |
£ |
|
Rents received |
7,401 |
9,600 |
3. |
NET INCOME/(EXPENDITURE) |
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
31.5.23 |
31.5.22 |
|
|
£ |
£ |
|
Depreciation - owned assets |
1,218 |
1,854 |
|
Deficit on disposal of fixed assets |
2,430 |
2,000 |
continued...
Page 8
The Association of Health Professions in
Ophthalmology
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewere no trustees'remunerationor otherbenefitsfor the year ended 31 May 2023nor for the
year ended 31 May 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31May2023norfortheyear ended
31 May 2022.
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. |
31.5.23
1 |
31.5.22
1 |
|
|
|
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Charitable activities |
|
Diploma income |
40,260 |
Investment income |
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 |
continued...
Page 9
The Association of Health Professions in Ophthalmology
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
|
|
|
|
Unrestricted |
|
|
|
|
|
fund |
|
|
|
|
|
£ |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
|
145,842 |
7. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Fixtures, |
|
|
|
|
|
fittings |
|
|
|
|
|
and |
|
Office |
|
|
|
equipment |
|
equipment |
Totals |
|
|
£ |
|
£ |
£ |
|
COST |
|
|
|
|
|
At 1 June 2022 |
|
- |
8,613 |
8,613 |
|
Additions |
500 |
|
2,255 |
2,755 |
|
Disposals |
|
- |
(3,900) |
(3,900) |
|
At 31 May 2023 |
500 |
|
6,968 |
7,468 |
|
DEPRECIATION |
|
|
|
|
|
At 1 June 2022 |
|
- |
5,186 |
5,186 |
|
Charge for year |
42 |
|
1,176 |
1,218 |
|
Eliminated on disposal |
|
- |
(1,470) |
(1,470) |
|
At 31 May 2023 |
42 |
|
4,892 |
4,934 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 May 2023 |
458 |
|
2,076 |
2,534 |
|
At 31 May 2022 |
|
- |
3,427 |
3,427 |
8. |
INVESTMENT PROPERTY |
|
|
|
|
|
|
|
|
|
£ |
|
FAIR VALUE |
|
|
|
|
|
At 1 June 2022 |
|
|
|
|
|
and 31 May 2023 |
|
|
|
140,000 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 May 2023 |
|
|
|
140,000 |
|
At 31 May 2022 |
|
|
|
140,000 |
continued...
Page 10
The Association of Health Professions in Ophthalmology
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
11.
MOVEMENT IN FUNDS
At 1.6.22
£
Unrestricted funds
General fund
145,842
TOTAL FUNDS
145,842
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
57,468
TOTAL FUNDS
57,468 |
31.5.23
31.5.22
£
£
8,152
1,875
158
-
8,310
1,875
31.5.23
31.5.22
£
£
4,684
286
12
188
11,836
90
3,750
-
2,912
1,614
23,194
2,178
Net
movement
At
in funds
31.5.23
£
£
(15,866)
129,976
(15,866)
129,976
Resources
Movement
expended
in funds
£
£
(73,334)
(15,866)
(73,334)
(15,866) |
|
|
continued...
Page 11
The Association of Health Professions in Ophthalmology
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.6.21
£
148,783
148,783 |
Net
movement
in funds
£
(2,941)
(2,941) |
At
31.5.22
£
145,842 |
|
|
|
145,842 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
49,860
(52,801)
(2,941)
49,860
(52,801)
(2,941) |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.6.21
£
148,783
148,783 |
Net
movement
in funds
£
(18,807)
(18,807) |
At
31.5.23
£
129,976 |
|
|
|
129,976 |
continued...
Page 12
The Association of Health Professions in Ophthalmology
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
11. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
107,328 |
(126,135) |
(18,807) |
TOTAL FUNDS |
107,328 |
(126,135) |
(18,807) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2023.
Page 13
The Association of Health Professions in Ophthalmology
Detailed Statement of Financial Activities |
|
|
for the Year Ended 31 May 2023 |
|
|
|
31.5.23 |
31.5.22 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Rents received |
7,401 |
9,600 |
Charitable activities |
|
|
Diploma income |
45,579 |
40,260 |
Consultations |
4,488 |
- |
|
50,067 |
40,260 |
Total incoming resources |
57,468 |
49,860 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Diploma expenses |
29,504 |
14,580 |
Support costs |
|
|
Management |
|
|
Wages |
14,743 |
20,783 |
Insurance |
1,399 |
1,392 |
Telephone |
875 |
515 |
Administration expenses |
4,900 |
3,039 |
Website and computer expenses |
2,019 |
2,003 |
Depn of fixtures, fittings & equipment |
42 |
- |
Depreciation of office equipment |
1,176 |
1,854 |
Loss on sale of intangible fixed assets |
- |
2,000 |
Loss on sale of tangible fixed assets |
2,430 |
- |
|
27,584 |
31,586 |
Other |
|
|
Repairs and renewals |
5,282 |
1,329 |
Accountancy fees |
1,770 |
1,849 |
Consultants fees |
1,250 |
- |
Professional fees |
4,730 |
109 |
Miscellaneous |
435 |
23 |
|
13,467 |
3,310 |
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 2023
|
31.5.23 |
31.5.22 |
|
£ |
£ |
Other |
|
|
Governance costs |
|
|
Rates and water |
362 |
874 |
Light and heat |
2,417 |
2,451 |
|
2,779 |
3,325 |
Total resources expended |
73,334 |
52,801 |
Net expenditure |
(15,866) |
(2,941) |
This page does not form part of the statutory financial statements
Page 15