LONDON VISION CLINIC FOUNDATION
(A company Ilmfted by guarantee)
Company No. 06389709
Charlty No. 1122593
(Règlstèrad Charjty In England •nd Walès)
REPORT OF THE TRUSTEES
And
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2020

London Vision Clinlc Foundation
Contents Paga
Page
Legal and Adrnini5trative InfDrmatitsn
Truste8s' Report
Ind9PgnrJ8nt Exarninels Report
staigmenl ￿ Financ￿1 Activiltes
Balance She8t
Notes to the Flnancial St*em8nts
8-11

London Vision Clinic Foundation
Legal and Administrative Information
Company S¢¢r¢tory:
C.T. Eng81fri8d
Trustees and Dlrectors:
D.Z. Reinstein
U. R8inst8in
C.T. Engeffwie(J
Regl$tsred Office:
138 Harfey Str¢et
London
W1G 7LA
Company Number:
06389709
Charlty Numb•r=
1122593
IRegisteied Charity in EnLlatKI and Wales)
1ndape[￿ent Examinèr.
James Cross (For and on behalf of)
Moorè Kingston Smith LLP
Chartered Accountants
Devonshire House
60 Goswell Road
London
EC1M 7AD
Bankéts..
Lloyds Bank PLC
Langham P18C8
324-326 Règènt Street
Westrnin51ar
London
W1B 3BL
Govornlng Docum•nt
The Chadty is constiiut8d 8S 8 Charitsble Comptny Ilmited by guarantee governed by its Memorandum and
Atticb5 of A550Ciation dated 4 O¢tober 2007. The fjnancial 8taigm8nts cornply with slatutrAy requir8m8nts and
the Charlws goveming documents.
Tru8te¢ Indu¢tlon and Tralnlng
The above m*ntioned Trus1995 w¢re appointEd according to the procedures laid down in the Memorandum and
Articles ol Association. Fubjre Trustees shall be appciintsd by a re801ution of the Trustees lo be pgss8d 8t a
specSal meebng called al any tirne by any ￿ TrusteeB uptsn not l&ss than 21 days notice. New Trustsas 8ra
briefed on thelr I￿al obllgations under Charity law, the Ix)ntent ol th8 Mamorandum and Artictos of A550oation,
deCisic￿ making processes and the recent performan¢8 of thg charity.
In seleclng persons to be 8ppointed as Trustees, the Board shall take into acwunt the beneflts of 8ppoinfing 8
person who is able byvirtue of his ptstsonal and lor prolessional qualffjcat*)ns to m8ke a conthbution to the
putsuTt of the objects or th8 management ofthe charity.
Pagg 1

London Vision Clinic Foundation
Trustees. Report
For the year ended 31st Decambar 2020
The Trustees present the* rewjrt and the financial 8t*8m8nL8 forthe y$8r èndad 31st December 2020.
The Tru8ts¢s confirm that the Annual report and finanoal statements of the cth8rity (x>rnpty ￿th the
current statutory r8quiramèn&, tha raquirements ol the charitys goveming docurnenl and tre
Pfovislons of Acwunling and RepDrb"ng tyy Ch8riti88.' St8t¢ment of Recommended Practice Applicable
to chart￿e$ preparing Ihelr a(￿oun1S in accordance with tha financial raporting stsndard applic8ts￿ in
the UK and Republic of Ireland The FRS 102 ChaThts&s SQRP, published on 16 July 2014.
Tha Trust•ès' Raptsrt atsts Contain5 the Directors, Report as Nuwed by Comp8ny L8W.
Trustses
The Trusteès vtho ar& also Ihe th'r•clors underthe c￿anIeS Act 2006 who sèNed throughout the
period were..
D.Z. Reinstein
U. Reing1•in
C.T. E￿￿1r1ed
Objedfjves
The Trust￿ $hal h)Id thg r98eryes ￿ income upon trust to apply them for the folltMing objec￿.
11 Th8 relief ol p8rs0ns sulfering or suspÈcl8d lo be suffering frcxn eye disorder8 ord8fects of vision
by the provision of faciltbes and servi￿S including exam1[￿￿10rt, refractive suNpry and Olher
Ir8atrn8nts of lh8 ey8;
Ill The advancemenl of edu(xtion In the wtrtometrlc sc￿nces,. and
iiil The improvement of hurnan vision and the pro￿s1On of the sludy of optometrlc sGiences by the
ccffiduct and assistancè of researd) 8n¢J the dis8eminaiK)n of the results of such research.
Prlnclpal Actlvlty
The prfncipal activty durin9 thè yÉar was ihat of thè provision of facilili85 and S&Nlces to r￿￿ve those
sufferfng from dY8ordtr¥ ordafÉet$ of vi8ion.
The Tntss conffrrn thatwhen plannlng dcovltyes they have con$hJered the Gharlty Cornmission's
gvidanca on public benefil, IndudirvJ tho guld&nc8'Publlc B•nefitr. runnSng a Charity IPB21'.
Re8trktlons Imposed by thè Chant￿$ govemlng doeurnentr
il In ralsln9 funds the Tntstees shall not undertake any substantial permanent trading gctivity and
shall clinfonn to any relevant statutory regul81¥)ns.
lil ASI cheq￿$ arKt orders for the payment of rrnn8y trom th8 Charity bank al￿Ount shal be signed by
at le&si h4t) Tru8tw.
Oryanlsational Structure
The charity is governed by the Board of Trustees who are reS[￿nsibl8 lh8 gov8rnanr* and th8
8trategic direction of the ￿ganIsation. of th8 Trus￿8 ar8 dir8Ctor8 of London Vision Clinic Pathers
Llmiled and the Charfties rEgistered offic6, and thè administration tsf it, is rnsnagèd from thè offices of
th& LIMI￿ Cotnpany.
Page: 2

London Vision Clinic Foundation
Trustees. Report
For the year ended 31st December 2020
(Continued)
Review of actfvitl86, achlevements Jnd perfomiance
This tèport accompanies the Financial Statements for 2020 and includes an overview of the key activities of
the Foundab¢n during tho year under review. The achievements and performance ol th? Foundation for the
r ar• highlighted belcjw. With rea5onabl8 rvJtiEe, the fibs of the Trust ar• own to insp￿tiOn to 8ny
person.
R8sèrvos Pollcy
In determo1ing the level of the re88rves policy of the charlty the Trustees hav8 considered the level of the
opeialing expense requi￿d. Thg lotsl resarves at the year-end of £125.430 entirety comprise ol general
funds Wh￿ are avaiLabla for the ¢hariVs g8n8ral purposes lrtluding its gen8ral runnin9 costs arKI projects.
It is the Trust888' bg1i8f that tho of reserves In the gener81 fund is sufficient to cover 12 months of
wnning costs.
Results for th¢ Y￿1 •nd lutuw plofl$
During 2020, the Charity recgivad income of £134,441 12019-. £118,616). Thls amounl has mat thè
exPeCta￿on5 of the Trustees and is satisfactury. All income was derived frorn donatK)ns 8nd was experKl8d
on ¢h8ritrblg activities.
At th8 y8ar end £125,43012019.. £93,041) cash was h81d in th8 Foundation's tsank account.
The Trustees prDvKled theirservices to the charity free ol charge in the y8ar and Servi￿ have
not been quantrfied or rei1ected in Ihe accounts.
2020, was a ¥ery ch&llenging year due to the irnp8ct of the Covid p￿(jaMie.
The Refracove SLtrgery Unit IRSUI at Tilganga Eye Hospit81 In Kathmandu was lotelly cbsed forh
months. and over a seven month period starting in April, the centre barEly treated any patients. Forthe
year patient volume was down ov8r 60VA. Wa cot)tinu8 to provld& oducational and training support
the surgical staff at Tilgenga and desprte Ihe struggles of 2020, the RSU rernains financially sew-
SUff￿18nt.
Likew45e, our cataract Cgnlr8 in Birgunj was a￿0 Sevare￿ impacted by Covid. Ourgoal of being financi81
autonomous by NovBmber 2D21 wll not be achieved and we now expect it wlll take us unlil thB end o12D23 to
rèach this target.
Page.. 3

London Vision Clinic Foundation
Trustees, Report
For the year ended 31st December 2020
(Continued)
Trust••s' Respon¥lbllltlg5 Statement
The Trustees (who are a150 directors for tr¢ purposes of company lawl are responsible for preparing thè
Trustees. Report and finandal statements in a￿rdAnce wth the applicable law and United ￿￿Jd0rn
A¢counting Practices (Unitsd Kingdom Gen9raltyAc￿pIed Accounting Practice).
Company law r8quir@s trust98S to prepare financial statem8nts for each ffnancial year which give a true and falr
view OF Ihe state of the affair5 01 ttie ¢haritablg company and (pf th8 incorne and expenditure of the charitable
¢ompany lor that period. In pr8paring thesa financial statement8, the trustees are requirad to:
select suitable ac¢ountiTrJ polici&5 and then apptythem consistendy.
observe the m8lhod$ and principle5 in kne Charities SORP.,
make jud9ements and e5tirnate5 that are reasonablè and prudent..
$tata wh8th8r 8pplicable UK accounting stsnd8rds, including FRS 102 have bèèn followed. subi8Ctto any
material departures di5¢1osed and explainad in the financkil ststsment5,'
state whèther B Statement of Recomrnended Practlce ISORPI applKIs and has been followed.
subject to any material daparbjfes which are explained in the financial staterngnts; and
prep8re the financial statements on the 90ing COn￿M basis unless it is inapproprlate to pr08ume that the
charitable company will continua in business.
The trustees arè rèsponsib￿ for keep1ng adequate acc¢)unling ￿Cords that disclose with rnasonable accwacy
at any time tha financial posltlon of the charit8bl¢ wrnpany and enable them to ensure that the financial
Statements compty with Ihe Companies Act2006. They aro aF80 responsible for58fe9uardlng th8 assats ol Ihe
ch8ritsbte cornpany and hence for taking reasonabb stops for the preventlon and det8ctiOn of fraud and other
lffeoularitles.
These 8cfA)unts comply with current statutory requiremonts. th& requirements ol the ￿MOr￿ndUM Rnd Articbs
¢f As¥oCiat￿n and the requirewnent5 of Ihe Slstement of Recommènded Pracltce applicable to charl￿0$
praparing their accounts in accordance with the Fin8wKaal Reporting Standard 2pplicablè in the UK and
Republic of Ireland (The FRS 102 Charili9s SORPI.
Th&s8 accounts have been p￿Pared in accordance Mth th9 5￿cIal provisions of Part 15 01 thè Companies Act
2006 retabng (o small ￿mpanIeS.
Thi8 r6p)rt has b6&n prepare(l in accorilance with tha provk%i)ns appli¢able to companles entiled to th8 small
¢ompanie$ exgrnption.
Thi8 rèportwas approvad by tre Tnjstees on 22 September 2021
and signeLI on thtrir behalf by..
D. Z. Relnsteln
Trustee IDir8c¢orl
Page: 4

London Vlsion Clinic Foundation
Independent Examinerfs Report
For the year ended 31st December 2020
I report to the charity trustae8 on my examination of thè accounts of the Company for the year ended 31
D8C8rnber 2020.
R•$ponslbllttles and ba$ls of r•port
As the charity's trust88s of the Cotnpany land also its directors far the purposes of company lawl you ar&
responsib￿ for the preparation of th8 accounts in ￿e0rdance with the requirgmenls tsf the CompBnies Act
20061'lhe 2006 Act'}.
Havlw satisfied rny5è1fthat Ihe accounts ofthe Company are not requwed to audlt8d under Part 16 ollhe
2006 Act and srè 81igible for independent examination, I report in respèct of my examination of your oharity3
accounts as Carried out undèr sècdon 145 of the Charlties Act 20111.the 2011 Acl'l. In carrwng out my
examlnadon I hav8 folk)w8d thè Dlrections given by the Chadty Commission under section 145151 Ibl of th&
2011 Act.
Ind*p•nd•nt •xamlnerfg $tatsm8nl
I have cJ)mpleted my ax8mination. I confirm that no matters hav8 come to my att¢ntion in conng¢Jon with th8
ex8mlnation givin9 m8 caus• to belleve..
aC￿Unting records w&re not kept in raspect of the CornpBny a9
qulrÈd by sectk)n 386 of the 2006 Act.. or
the accounts do not accord with those records,. or
thè accounts do not comply with IhB accounJng requ¥remants of
se¢Uon 396 ofthè 2006 Act oth8r than any r8qulrnm•nt Ihatth
aC￿unts gNe a llrue and f8ir view which is not a matter rA)n5Kl8red as
part ofan indepèndortt èX8minats"on'. or
the accounts havè not been pr&pared in accordance with the mothod$
and prinCip￿S of the Statement of Recomm8nd8d Pract4¢e for
accounting r¢porting by charittes applicsblè to charities prep8mg
their 5ccounts in accordan￿ with thg FinBnctal Reporting Stsndard
applic3tA8 in the UK and Republic of Irel8nd IFRS 1021.
I have no concern5 and have come a¢￿5$ no Dther matters in tonnèction with th& examin8tion to whtch
8tt•nUon should bè drawn in this report in orderto enab18 a proper understanding of the awuunts to be
d)ed.
K, LCI
D8vonshir8 Hou88
eo Guswall RooLI
London EC1M 7AD
Date- 22 September 2021
Jam•s Cross FCA
Indepèndènt Examiner
For and on behalfof Moor8 Kingston Smlth LLP
Page- 5

London Vision Cllnlc Foundatlon
statement of Financial Activities (incorporating an
Income and Expenditure account)
For the year ended 31st December 2020
Unrostrlctad Funds
2020
2019
Income
Grants and donetk)ns
134,441
118,616
Total Incom•
134,441
118616
Expendltwè on:
Raising Funds
Charitablg a¢twffli88
102.052
Total Expenditwe
102052
87,240
Net Income for th• yoar
32,389
31,376
Total funds brought fon¥ard al
1st January
93,041
61,665
Totsl funds ¢arried forward at
31st Dec•mb•r
125.430
93.041
All disclosures rslats onFy to wntiwing operations.
Th￿re arg reco9nised gains or losses other than the net in(x)mellexpenditurel lor the year.
Pag8: 6

London Vision Clinlc Foundation
Balance Sheet as at 31st December 2020
Notg
2020
2020
2019
2019
Current A￿ets
Cash at bank and in hand
125,430
93,041
125,430
93.041
Crèdltors: Amounts falling dug
within one ￿ar
Nèt Curr•nt AM•ts
125,430
93,041
Nat Assets
125,430
Fund5
General funds {unrestrthdl
125,430
125,430
93,041
The Trustees state..
181 Forlhe year ended 31 December 2020 the charitsblo o)rnpany was entiled to eX8mption under Section 477
of the Companies Act 2006 relating to small companies.
Ibl No notic8 from Tru5te&s requiring an audrfc has b88n deposited und8r Seetioh 476 01 the CompBnie5 Act 2006.
Icl The directors aCknO￿adg• thair rasponsibilty for cornplylng with the r8quirements ol the Act with respgct to
a(xounting rècorils a￿1 trth8 preparatton of the accounts.
The financlal statemenis have been pr8pargd in accOrd&n￿ wlh th8 provisions applicab19 to wmpanie5 subpct
to thg small companies regim¢.
Th8 Financial stsbments w8re approv&J bythe Board and autrori88d for dEStribution on 22 s9ptemtr￿r 2021
8nd 8vaned on their behalf by:
D. Z. Relnstsln
Trustee (Director)
Company no. 06389709

London Vision Clinic Foundation
Notes to the Financlal Statements
For the year ended 31st December 2020
countlng Poll¢ieg
Basls of pre￿￿tIon of flnanclal statemènts
Th8 finanoial statements hav8 beeNy prepared in a(xordanc8 With the Financi81 Reporong Standard
applicable in the UK and Republic of Ireland IFRS 1021, publigh8d on 16 July 2014. Thè Charitable
Company is a public bènèfit enuty for th& purpo$g$ of FRS 102 and thereforg al¥0 prepared hs finar￿181
statements in accordance wrth the Statement of R2cotnwnended Practice 8ppIic8ble lo charities Prepa￿ng
thèir accounts in ac￿rdanC& with the Financi81 Reporting St8nd8rd applicable in th8 UK and Republic of
Ireland ITh9 FRS 102 Charitses SORPI. the Companies Aet 2006 and the Charlties Act 2011.
The fina￿181 strtements are pr8p&r6d in stsrllng, which is the functional cuitoncy of the company. ￿net
amounls in these financral statements are rounded 10 tho nèarest pound.
Golng Concern Basls
The financial statements have been prepared on 8 going GOn￿M basis.
Having carriad out a revlew of the Charity$ resourw8 and currewrt Bconomlc challen9e$ lineluding those
that have arisen from Covld-191 facing both the Charty and its members the Twst9es are satisfied that the
Charity has suffi¢l8nt C2sh flows to m8Ét its liabillb6s as they fall du8 for at loa$l one ye8rfmm the date ol
pprowal gf the ffinarKial 5talementS.
A¢¢tsuntlng Esllmatss
In the view of the trustees in applying thè accounting policies adopted, no judgements were rèquired that
have a S￿nifiCant èffect on tha amounts r￿jniSed In the financial slatsrnents. nor do any estimatgs or
•SSUmPtions made cary a significant risk of material adjustmenl in the next financi81 ya8r.
Fund accounilng
General funds are unrestrlcted funds whlch are available lor use at the discr¢bon ol the b)ard of Trustees in
lurtheran¢¥ of tha general obledve8 of th¥ ¢harfiabk wmpany and whlch have not been deslgnated fvi
other purposes.
Restricted funds are funds that are to be used in accordance wilh spècffie restrictions Imposed by the donor8
or bvhich have been raised by the charity for particular purposes. The cost of raising and adrnini51ering such
funds is charyed against that specific fund. Th8 airn 8nd of each restricted lund is set out in Ihe notes to
the financial stslements.
P2g8: 8

London Vlslon Cllnic Foundation
Notes to the Financial Staternents
For the year ended 31st December 2020
Accounting Pollclos Icontlnuedl
Income
Income from charitaNg a¢tivrftse5 is included in thè St8t8ment ol Finanixal Activlts"es ISOFAI in the perlod in
which the charity is entitlÈd to rac8ipt.
Income from donabons and grants is incknd8d wh8n thèse are le￿&Vable un￿sS the donor has spacif￿d that
th8 donation or grant relates to a fuknr8 psriod or th¥t ¢ertaln pre-condf(iong must be fulfilled before use. In
these Gases the amounts rac8Ned recognised In th8 relevant P6rf(MJ or when the pre-rondiJons havè
been met and until then treated as deferréd income. Donations or grants for pgrttcular purposes are inGIu(
as rostrictsd furKIs.
Donated good$. facllltles and s•trvle•s
Donated goods in th& form of equipment are ￿tOgnIS&d In the period of re￿ipt 8t ￿9t to the vendor In both
income and exp8ndilure in th8 SOFA.
Exp•ndtturn
Ex￿ndItUre 1$ wrtluded ￿ th8 SOFA on an accruals basi8.
Co3t8 01 raising fvnds compdse the costs ol all frjndraising activi&s and increasin9 the ptofile of the charity.
Charit8bk activitios comprise costs of aotivit18s in futher8nce of charitys objèetivès. It Indudes direct
costs of athvlles and thoB8 costs ol an indirèct nature ngcessary to support I￿Se acllvilies, allocate
t￿h¥een 8XP8nditur8 eatégorias on an approprfate ba8k8.
For•lgn curréncy translatlon
Monetary asset5 and liabilllies dgnominated in foreign currèncias are translated into steding at the r8tes of
exchange ruling at the balance sheet dale. Transactions in foreign currencies are recordsd atthe rate rullrKJ
at the date of the transaction. All differ¢n¢o$ arg taken to th& SOFA.
Cash at bank ab)d In h8hxI
Ca8h indudes ¢aBh in hand, d9P)8its held 8t call with bonks, other short-term IkiuKI invaskn•nts ￿th ortginal
mabJr￿6S tsf three ny)nths or less, and bank overdrafts.
8asl¢ Flnancl41 In$trum¥nts
The charity onw holds bas￿ financi81 instruments as deflne(J by FRS 102. Finanekql Instruments recelvable
or payable within one year of the rfjportlng dat8 are Gqthed at Iheir at transaction p￿e and subsequenty at
arnorti8ed co81.
P898'. 9

London Vision Clinic Foundation
Notes to the Financial Statements
For the year ended 31st December 2019
2 Grants and donallons
Total
2020
Total
2019
Donatlons from third p8rti8S
Oonations from London VtSK)n Clntc P8rtners Limlted
32,470
101,971
31,455
134,441
118,616
London visi(￿ Clinic Partners Lirnit8d is a ralatsd party of th6 ¢harfty by virtue of the faetthat all of the
trustees are a150 dirgctors ol ihe company.
Expendlture
Year to 31 De¢ember 2020
Dlrect Costs
Support Costs
Totsl 2020
Charltablo A¢tlvitlO$
Propct (x)8tg
4,886
4,886
97,166
97.166
102,052
102,052
Ral8lng Fund$
Appoab for fijnds
97.166
102,052
8upport Costs
Charitab
Actfvitle¥
Ralslng Funds
Totsl 2020
Ac£ountantr
Joint venture cos
Research costs
Bank di8rge5
Webstte cests
Forelgn exchange
6.01T
18.250
70,405
81
6,017
18,250
70.405
81
96
2.317
97,166
97.166
l e¥pondikn¢ Is in support of ¢haritablÈ actIvIt￿s.
M05t of the expenditure in 2020 relate to ￿earCh costs.
The net income is stated atter taking into account amounls p8yabl8 to Ihe indapendont examiner £6,017
12019.. £5,895)
Page.. 10

London Vislon Cllnlc Foundation
Notes to the Financial Statements
For the year ended 31st December 2020
3 Expendlturg Icontlnuèdl
Y•arto 310ecember 2019
Dlred Costs
Support Costs
Total 2019
Charltablè Actfvltles
Project costs
28.682
28,682
58.558
58.558
87,240
87,240
Ralslng Funds
Appea15 for funds
58.558
87,24Q
Support Costs
Charitabla
A¢￿vItIeS
Ralslng Funds
Total 2019
Hlre of 8quipmant
Legal fees
Prlnting. post8ge and $t8tionery
Cotnputei expensos
Rent
Accountsncy
JoIntven￿re costs
Research costs
Bank & cradit r2rd eh8ffa68
Advetb5ing
Gen9ral expgn¥88
18,426
758
18,426
758
526
11,394
6,229
12,968
4,739
79
2,685
292
58,558
528
11,394
6,229
12,968
4,739
79
2,685
292
58,558
All eyndlture is in support of charitable activitie8.
4 T￿￿1￿, Emolurngnts
No Trust8è rac8iv8d any amolum8ftts or r8imbursement of expenses during ts year12019- £nll.
S Llablllty of M•mb•rs
At 310ecember 2020 the company had 312019.'31 membgrs. Th8 liability of each Mèmberto ¢ontrSbute to
thè aS8èts of the company ￿ limitèd to £1.
8 Stsff nuffl>er8
During the period ther• were no empEoyees12019: nlll.
7 Flnanclal In5trum•nts
The financial statements include the followng in rgspect ol itam$ held at 8mowti8ed a)st 8t 31 December..
2020
2019
Financial assets m8asured at arnorti8ed cost
125430
93,041
Related party trans9￿00n8
During the year, the Foundation re￿iVed a donatKJn of £101,97112019'. £67,161) from London Vision Clinic
Partner8 Lirnited, a company which has the same directors.
Page.. 11