Charity r•gistratlon numbor 1134105
Company reghtration numbar6844067 {England •nd Wales)
EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
eaoo
',opeari Academy
of Optometry and Optics
'] xeinadin

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms R Lovel-Patdl- &400 p￿sIdent
Mrs L Stankowa- Immediate Past
President
Professor J M GO[￿aleZ- Meijome-
President
Dr D Parlarts- Hon Tr&7surer
Mrs E Lazuk& Nio)ukud
Dr D Oehring
Professor E Matlen
Profes￿ O Nosth
Mr M Vogr
Charfty number (England and Wal9$1
1134105
Company number
6844057
Reglster¢d office
4142 Craven Streei
London
WC2N 5NG
Independent examlner
Helen Furbn9 FCCA
Xewi*Jin North Wesl Luniled
46 Hamilion Square
rkenhe•J
MerseysNle
CH415AR

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
CONTENTS
Page
Trustees re￿rt
Independent examnierfs report
StaleTnenl of financial aC￿vItieS
10
Balance shéèt
11
Notes lo the finanoal sialemenls
12-17

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present Iheirannual report and finanoat statemen15 for the year end8d 31 December 2025.
The finano81 slalements have been prepared in *COrdan￿ wrth the atxvunting poliaes s6l out in note 1 to the
financial slatemenls and Comp￿ with the ChatiV5 Memorandurn and Articjes of assouation, Companie5 Act
2LN)6 and 'Accourrting and Reporting ty Charities." Slatement of Recommended Practice applicable to charities
preparing their ac￿unIS in accordance with Ihe Fir￿nCIal Repothg Stsndard appliGablÈ ui the UK aThJ Republic of
Ireland IFRS 1021" (effeclNe 1 January 20191.
Obioctivos and activiti
Ourvislon
To be the leading European eye care profess￿TraI ne￿Ork￿￿ organtsation thal hamonises and raises standard5
and pra(li¢e in cptomelry and iJpbcs.
Our Mission
To facilitate the changing la￿ of oplomelry and optics in Europ8 by engaging, educating. insp¥ing and molivaling
our educators, students, rese8rchers and praciitKJners Io achwe the highest level of practice for the benefit of the
publi
Our ObJÈets
These are set oui in our M8morandum and￿￿deS of Assc#iabon:
Thè consÈrvatron and improvemertt of human ￿$￿)rt for the benefft of the publc indudiig but not limited
to'.the developrnent of scientffic knowledge of optometry and optics:
th8 advancement and promotion of ed￿￿t￿n and resea￿ into optometry and optics and related subjects".
and,
the womotion for the pUb￿C benefft of the scionL* and practic* of optomety artll oplwx. of professional
competence and conducl on thè part of its members.
The Twstee Board lake5 Strategic de￿s1OnS regarding the threction and d8velopment of the AcAdemy and regularty
reviews ils financaal perfomiance. To straamh'n8 deeisK)n-making, the Board has appointed an Execulive
Commtttee, which indude5 the PresidenL Pre5id8nL Imm8thate Past Presid&nl. Honorary Treasurer and
Education Commiitee Chair.
EdU￿tIon committ•• m•mb•rship 2025..
Prof8ssor Daniela Nosch- Chair
Piofes50r José MBnud Gonzalez-meijome
Ms Rupal LovelkPat
Dr Sonja Zinken
Mr G Scheuerer
ProfessorA Cervifio
Dr Ving Fai Chan
Dr M8ria Giulia MLJt
Dr Christopher Davey
Dr Catherine Porter
Ass. ProfessorA Svede
Dr fimolhy Wmgert
Mr Lorcan BLrtler
The Education Committee has ddegated respO￿bartY for ￿￿OgramMe development. for advising Ihg Board on all
stages of optometric and opltcal edui*ion and training thmghoul Europe. and lor ensuring that the Academy
promotes and 5UPPOrts adNthes whrth enaile tsitThers througho(rt Europe to have in￿8$1￿31Y high slandards
of professional competence.
Related Part￿5
The Academy's stsrt-up phase was funded by an Inte￿5t free ban froTh The College ol Oplometsi5ts UK, and
SUPPK*rt was provideij by the College unknl Ihe er￿ of 2016. A loan agreement was signed with the Colkge in
January 2017. One Trustee is nominated by The Colkge of Optometrists.
The A¢aderny is *ned witti the European Council of Optomety and OplK5 (ECOO) which contributes an annual
grant and is a strategic partner in supporting charFtable obJ'eciNes of tho A¢ademy. The ECOO Spwing Meeting
coincides with the annual ￿nfe￿nce of the Academy. The ECOO president laThJlor wetaryl are invited a5
obseTvers to E400 board ￿￿ting5.

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Strategic Plan
TheAcademy is working towards its obpcbve5 Ihrough rts Strateg￿ plan ending December 2D26.
Education & clinical
piacliEe
Researth
G￿tinUe Io PFD¥ide
ethicallon throuthoLrt Ike
year.
Al educaècffll profe￿Onal
eloprnent sessioRsl
be evpjence-based arvj
e¥gn¢¢J fo #hare th¢ latesl
research Yfithin the
Conlinue 10 ortyi ow
memLE￿I￿￿ bose as wel
C￿lINe ID WO
colabo￿ti¥* nafjonal
ofessional owaDi*atrons.
knI￿ty and educajional
ide
1. Acaderny
2. We1x[￿ls.
3. Spectal lTrieresl Gmup
Forums.
4. Conferencè
programmes.
5. CPD aEcredfiatyJtt.
1.Gre* yearloRq
p•lnerslMpl SPDn¥onhlp
aweements with IndLtsIry
p•lnerts.
2Have IAoiYs in kn t
seclor orgarusaticn5 le.g.
WCO, AAO. BCLA. IM
forpH& sessKJns at
conferences or meeting5.
3.DevelDP a framewoth for
trnernbership ofthe
Academy and naliotsal
prrfession
ZR3w our prt
fthiTr the sector, and
I.Ew0￿ acCe￿t0 peer.
¢dTr)urnal¥.
2.Earty career researcthe
3.M¢nlorslw Of￿agueS
via EAOO Fekn.
4.Polenbal MivthrR¢nt"
52&ch proptls klat
cr￿1￿ benerrt from
Invol¥￿¢01 ofEAOQ
and speakto
st4Mlents tlthetr
Prtylde Felow3 and
pre¥eolabon thal they can
us¢ al Thaknnavwional
meekngs to promote thè

EUROPEAN ACADEMY OF OPTOMETrY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Aehleyements and performance
Achievements of the Charity
The annual conference programme. held n Liubyana. Skjvenia from 16th lo 18th May 2025. was a
collaborative event Mth The OpliL¥l A5s0oatwJn of Slovenk? (DOOSI as the host org8nisation. Coinciding
with Ihe ECOO Spring General Assembly. the event prowded a key platform for knowledge exchange.
enabling professK)nals to discuss advanL*menls n research. educath)n. dinKal practi(*, and policy within
oplornetry. dispensirvJ opti¢s and vision sLy&n¢e. This sUPPQrteiJ the Acaderny's charitable objectives,
promoting pfofes5io￿l education. research dissemination and collaboration.
We 5uccessfvlly delivered a joint sympospJm with F*lmann Academy. a series of webinars with our
Education Sponsoi Hoya. rnullipk Specialist Interesi Group meelings, and our valued Academy Hours.
Our membership continu8s to grow, with new CAxM￿S and inslilulions joining our communty. further
strengthening our Europeart and lnlemat1)n￿ reath.
We continued our partnership with the Ameri(2n AcAderny of Oplomelry, deliveiing a joint symposium.
This year. for thè ffirsl timè, we presented an EAOO student researcher grant award and an EAOO earfy
career ￿searcher grant award. alongshje the Karen Sparrth¥ award and bvo Bgst Image awards.
We increased the involvement Ctf our industry partners Ihrough the introduction of new Sponsof
EngagemeritAwards. recognising their active part￿lp3ti0n in our events.
We launched the Student Special Interest Group, a new hub designed lo bring student members together
to ¢onnecl. collaborate, and exchange idea5.
Our education committee welcomed rew Mernb￿. $trengtt￿ln9 oui 4bilty lo develw) hIgh￿ualitY
educational initiatives and programmes.
Our membership ￿rnMunty ts)ntinued to grow and thrive Ihrough collaboration, share(l expertise. and
meaningful engagement.
With the growng demand for eyecare. the SCO￿ of prac￿ for owometri%ls ar)d optiC4ans is often h'mited
by rÈguialion with"n cwntries. kn the ets)nomic ￿male ghjbally, the cost of spe¢tades is increasing. and
the public are looking to buy cheaper products which is reading 10 a dedine n the use of PFofes5ionals
wrfhin optical w*ices in some countries. Despite these ¢*allenges within our sector. we remain committed
to innovation and lo advancing Ihe htghest $taThJards in optometry and optics.
b) Key statistxs & imp8¢t summary:
Particlpation: A tolal of 634 tuJnferenc* de￿gateS 8ttende(I re￿ctIng strong engagement from
professionals.
Edwation & Research.. The projramme fealured ￿ hour5 of CPt>accrediled educational Sessions and 58
research posters. reinforung the ArAdemy's ￿mmitrnenI to professional development and lilolong learning.
Workshops & Coltaboration.. A serEs of hands-￿ workshops were hekj in cx)nference venue Cankariev
Dom enhancing c&ni(al training and know* transfer.
Sp￿￿ Intere3t Groups ISIGsl.' Delegates took part in 5 SIG512 binocular wsion, 2 myopia management,
and 1 student) prowding t*geted distXJ5SK)n5 and promoting profe5sthJnal n8￿OrkIng in key arèas af
expertise.
lThJusty & Sponsorship: 15 exhibilots sh(YN(zsed innovative products and services, conlribuling to
professKJnal and ()Jmmercial engage￿￿nI. The event rec8ived vaknablè support from 13 sponsors. 3
exhibitors, and 2 conferenco partne￿. ensuring ffinanci81 susta"nabflty while upholding the A￿demY'S
)arilable rnission.
The AGademy acknNledg¥s the colle¢frve efforts ofthe..
DOOS and their communica1B￿S team lor hostHig and organising the ￿nferenCe. and
EAOO Education commttlee arvj ¢hair, Prof Oaniek Nosc* for developing the programme and o)nlenl.
Their dedi¢alK)n ensured Ihe effiuent Organisat￿ aThJ o¥Èrall sucyxs of the Confe￿nCe. The Academy expresses
its sincere appreciation to all ￿trIbUtOrS aTvJ Stskeh￿deTs.

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
l Academy Fell￿¥ship Programrne..
EAOO Felbwship recognises oulstaThJing conth"but￿nS lo optornety arvj Vision sc4enco. and in 2025, the Acaderny
awarded Felowships to 7 indivvjuals.. Christos Papage0r9￿u. Sharbel Abi Ephrem. Lorcan Butler. Konrad
Abram¢zuk. Pascal Blaser, Siofrn Harringt￿ and maxAr￿O￿l.
d) Membership..
In 2025, thèAeAdemy athieved an ￿creaSe in mwmbership with:
242 indivhjual members
358 Sludenl member5
21 inststutw)n mwnbefs
20 professional nstitution mefflbers
This growih rellects the incre￿ng vistm'lty and re*wdnce of our ¢tsitable aim5. der￿)nSt￿lIng our important role
in knowledge exchange, leadership devdopment. and pmfessional athFKemgiL
81 Education and Continuing Professional Development (CPD)
The Academy continued lo exparnl its on￿ne leamiThJ ini￿tiVeS and digital resour￿6 and SU￿SSIu1fy delivered 8
range of wèbinars. ¥Lduding'.
Conffidence in Prathce.. Inspiring Myopia Management Case SItKlies ￿th D.l.M.S. Tec*nology in
partnership wih Hoya Vision Care.
Pre-presbyopia.. A New Categ(￿Y in W￿￿)n Care and Idenlifywig the Need for Earty &JlutK)ns in partnership
with Hoya Vision Care.
Keratoconus-2nd Inlernalional Joint C￿￿lU1u￿ ￿ Fielmann A¢xdemy at Ploen Castle.
Ae2demy Houi.. Academy Hour. The ￿)r1d of SIGS, FEAOO.. Introductwjn to the Fellowship
Programmestrenglhening OCT Sklls- Corg Ptin¢iples and Cbnical Cases for Optomelrists, AH". Celgbrating
Wodd Optometry Week
The Academy issues CPD wlificates enablirKJ members lo points from national regulatory borjies, reinforcing
our commilment lo SUPPOTt their ￿felong ieamirBJ. Webpages are updated to enhaFKe the experience of our
rnefflbers, partners and stak8holders.
The website provides a modam. User-frIend￿ interface with.
. enharKed accessibility to education81 m8teriaEs 8nd wofess¥Jnal resources.
a centralised hub for industry updates, research publications. aThJ Academy events.
improved fiJnth"onality, ensuring seamless access to CPD mateiiaL% and membef benefts.
To ensure the platform ￿maInS a valuable and evofving resource. we havg been consislenlly updating the website
with new educational content every month. AthJrkn"onalty. onlne SIG forums have been activated, alknwin9 members
to engage in dtscussions. share in5ight5, and ￿llabOrate on key tOPKS Wrthin Iheii of expertise. These serve
as an intera¢tive space for k￿wledge exthange. nelworkwig and profeSs*)n￿ growth.
Q 2026 and beyond
In alignment with OUT chari18b￿ objectNes and Commi1￿nI to ad¥an¢wvJ edu(ztK)n and profe35ional excellence in
optometry and wsion care, the Academy is a¢tNely wotking to expand and diversfy its membersh4). Our aim is lo
engage a broadei. ac#ive group of optometric and optul profèssion81$. fostering a collaborative and indusive
community dedicated lo lifelong leamB)g and professional devehJpmenL
Enhancing Leadership & G0veMa￿e.
To fijrther strenglhen our govemance and kadership. theAcademy plans lo..
nominate ambassador5 to adivety promte the A(aderny's mission values. increasin J èngagèment atvl
awareness.

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
confimi the role ofthe Boa￿￿rUsteeS in oversighL deasion-rnaking. aThJ a￿untab11ty.
identifying and managiftg strategic and rtsks
develop a strong ￿aderShip pyeline. ensuring that experienc￿ and wel-n*ntored professionals carry
forward theA￿dernY'S legxy and shape the fthure ofoptomety.
9stsbh.sh dear governan￿ stnthres, defining rnandgies, appointments, and relationships be￿een
committees, sections. and SIGS lo enhance transparency and operational efficiency.
Review or maintsnance of key policies (conllth of intere5( ry)de of o)nducL safeguarding, data
prolectionl.
Periodic review of govefflance effectiver)ess.
Str8tsgic Partnerships & Industy ConaLKI￿.
The Academy remain5 LX)mmrtted to devebping slrategic parlnerships with education81 institutions, rtalional
profession￿ bodies, aThJ industy partners. ensuring rnutrjal benefits and responsiveness lo ev0￿1ng educalion and
practi￿ needs.
Key inib8tNes inc*MIe.'
strengthening ￿laboratiOn WTth ECOO to align wilh European educational and regulatory frameworks.
expanding lies with the AAO. losterirMJ intemational cooperatiorb to adval￿e our shared vision for
optometric edu￿tiOn and re5earth.
èxploring now partnerships within and iwnd the eye Ca￿ lThj￿1ry. enhancing interdisciplinary
èngagèmènt
supporting Growth Through Innovat#)n & Sustainablity
r8M8win9 the outcome5 ar¥J effectrvene5s of parthership$ to engure Ihey deliver tangibbe beneffts for
Members, $18kehoklers. 8nd the widor optomety communty potential risks as50fAaled wtth partnerships
To sustain and support Ihe ACadeM￿S misston. we are corrtinuing on fwsing on en8bling strategies. such as..
public relations and Djmmunicathons to improve w$ibiW. engagement. and stakeholder
awareness.
digital transf0M￿l￿)n initl8tp￿S to enhance a￿e$S to edu¢*ional resour￿S and improve operaiional
effiaency.
diversified sust81nab￿ fvnding approath￿ lo support finarul resilience and future growth
Flnanclal reylew
Thè Acad8my was estabfished in 2009 with an interest free h)8n of up to EIOO,O(KJ from the Colege of Optomelrists
for a period of three years, ba$eO on profit and loss projection5 which showed Ihai the Academy would break even
cumulalivety by the of 2013. The plan Yras that defKits ¥￿￿k1 be incurred in the start-up years of 2tKJ9-10 but
thèAcadèmy would slart generatirwJ surpluses in 2011.
In Jsnuary 2017. th8 T￿￿teeS ofthe CoNege of Optornetrists agmd lo wnvert some ¢)f the oulstanding loan into an
edueAtional grant, roduLiThJ the level of the Temaining loan to £20.Th)012025- Q3,1351, This signifieanlly reduced
the overall level of indebledne5s of the A(zdemy. The Col*e's Tfuslees have agreed that the loan amount will be
repayable onty il the Academy was lo b8 wound up. or rf it was felt Academy no bnger had such need. We
appreciate this ccntinuèd 8UPPOrt.
During 2025. the charity le￿￿18d income from donations. grants & subscwiplions lolalling ￿81,8￿ 12024. é85,O981
and incurTed expenses of É57.81912024- E57.4561. rgsulb.ng in a surplus ofQ4,044 (2024 Q7.6401 this added lo
thè funds brought forward of É154.144 leaves the fvnds carried forward al É178.188.
Reserves Pollcy..
It is the policy of thè Board of Trustees to hdd in reserve suff￿8nt resources. including The College ol Optometrists
loan to cover any financial liablities. The reserves figure is Set at É50k as of 31$1 December 2025.

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORD (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2025
Structure, governance and management
Th& charity is a charitable company limited by guarantee. incoFporated in E￿jIand on 11 March 2009, and
estab￿Shed undèr the Memorandum olAssooation. whi¢h ouuinos its objectives and PLyNers, and is governed by ils
Artj'cles ofAssociation.
The trustee's ad as the directors for the pU￿oSe$ of t￿MpanY Iw arKJ as charity tru51ees ￿r the purposes of
¢h8rity law.
The board fomialty met 5 times in 2025 and in addition. warwjus e£Jmmittees met and revSewed ilgrns relevant to
their respective areas of expertise" The 2￿24 rewrt 8nd stslement of a(xounts wer8 submrtted lo Companies
House and the Chority Commission on time. aknng with the o)rnpletion of ihe thanty fetum.
The fcllowng policies and documents were reviewed arKb appfoved during the year
Conflicts of interest and loy* policy and ¢xJnfiicts of interest reporting fomi
Risk regisler
Serious l￿dentS reporting pol
EAOO truslee role deSCrip￿n
Internal finanu81 controls and reserves poly
Complain15 PK)Iicy
Anli-money Laundering Poli
Risk Management..
Trustees rnoniior risk on a continuous basis. The main risk remain5 ffnancyal-. that the 18vel vf membership incorne,
and ¢onferenca and sponsorship grants may not t>9 suff￿ent to meet operational expenses and the ag￿ed
re5eNes lund, as well as the wjlential loss of theAcademy manager. As de￿be￿ in the financwl slaternents, costs
are controlled and monitored dosely.

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Memorandum aThJ Arlides of ASs(K*t￿ll prO￿￿e that the Trustee5 of thekndemy shouhj include:
the Presidenl,
the Vice President.
thg Immediate Past Preswjenl,
Dne Trustee, nominated by a separate educational insbtubon that tseif a rnember ofthe Academy.
one Trustee who has been invdved in defNermg education,
one Twslee who has been a practisiwwJ gpt0[￿1￿￿¢ or opliryan.
one Trustee appointed by the ELEropean Coumyl of Optornetry and Optic5
one Trustee appjinted by the Comege of Optome
Trustees are dected by the metnbers for a p2rvJd of three yeaT5. Retiring Tru51ees stand for re•electvJn al the
Annual General Meèting but may not setwè nb)r8 Ihan two consecutNe terms. The President is also elected by
the members for a terrn of tsvo years. On o)mplel•)n of this term the Vice Pre5MJenl shall becorne the President and
serve for 8 tenn of hvo years. On ujmpletion of this t8mi the President will becom8 the Immediat8 Past President
and serve for a term of ts¥o years after whth he or she shal reb.re from offi￿. Existing Tru$lee$ can co-opt an
8ddilional Tnjstee or any wanci8S.
The A¢>demy Manager is Dr KrBlina Mihic. who provided seTh￿S on a part-time basis. Dr Mihic's time commitment
varies depending on workTr)ws and prioyitres. AddliK)nal￿. the Associabon of Oplometrtsls Ireland (AOII provides
administralNe financial services. based on days per month.
The Education Commitlee oversees and sL￿port the development of the conference programme, advise the Board
on optical and oplomefv education and training auoss Ewope. and ensure the A¢>demVs (x)mmitment to
promoting and SuppOrt￿g inibalive5 that enatAe high slandard5 of professional competence across the profess￿n.
The Educalon Cornmittee is inslnjmental in delivemg the education and clnical practice section of the Strategic
ptan also support the research SedIc￿ ofthe pL3n vta the conferen(t and Fellowship programmes. Members of
the Education Committee curate the professw)n￿ development sec*on oftheAcademy's website.
Three members from the Board of Tr￿$tee9 work vrith the Ed￿￿tit)n Committe& on largeled ath"vities such as
Research Mentoring and CPD a￿editation. aTrJ the Board of Trustee5 has set up the following sub-committees..
Finance and Govemance, Partnerships and Strateg￿. Communications and Research.
In the event of the charity being wound up. each member of the Board of Trustees guarantees to o)ntribute a
maximum amount of £110 the as￿5 ofthe ch8nty. As of 31 t)￿mb&r 2025, the lotsl number ofgu8r8ntees was 9.
The Trustees are members of the charity and are entitkd lo voting rights at meetings. However, they th) not have a
beneficial interest in the charity and dts not reL*we any ffi￿an￿al benefft from the charity beyond their right lo vole.
Ms R LovelkPatell- EAOO P￿sident
Mr5 L Stankova- Immediate Past PiesKlenl
Professor J M Gonzalez- Me4ome- V￿e Presijent
Dr D Parkins- Hon Treasurer
Mrs E Lazuka- NKoulaud
Dr D Oehring
Professor E Mallen
Professor D Nosch
Mr M Vogric

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustee5 report was approv8(I by ￿ Board of Truslees.
s R LovelkPatdl- EAOO President
Chair of Trustees
Date..
15th April 2026

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
I report to the Trustees on my examination of the finanaal statements of European A¢ademy of Oplomelry and
Optics {the Charity) for the year ended 31 De￿rnber 2￿25.
Respon$ibilities and basis of report
As the Trustees of the Charity land also its direclors for the purposes of o)mp3ny lawl. you are responsible for the
preparation of the fin8n¢t81 statements In a¢￿￿anCe wrth the requirements ofthe Companie5Act 2C#J6.
Ha*ing satisfied myself that the financaal statements of the Charity are not required lo be audiled under Part 16 of
the Companies Act 2C4J6 and are eligible for independent examination, I report in ￿Spect of my examination of the
Charity's finanual slalements ¢arried out under 5ecb.on 145 of the Charities Act 2011. In carrying out rny
exarninatK)n I have followed the Directions 9n￿n by the Charity Commisston under section 14515llbl of the Charilies
Act2011.
Independent examinerfs ststement
I have completed my examination. I confirn that no matters have come to my attention in cx)nnection with the
examination givtng me cause lo believe that in arby material re5pect=
a¢counlin9 records were not kept In respect of the Charty as required by section 386 of the Companies Act
2006.
the financial slalemenls do not acurd vrilh those records.. or
the financial statements do not Comp￿ with the accoLtnting requirements of section 396 of the Companies Act
2006 tslher than any requirement that the finanoal stslements give a true and fair ￿e￿. which is nol a matter
considered as part of an independent examination- or
the fin3n¢ial Statements have not been prepared in aCts)rdan￿ the methods and Principles ol the
ststement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial stslements in 8¢cordan¢e with the Finantyal Repo￿"ng Standard applicable in the UK
and Republic of Ireland IFRS 1021.
I have no conc*ms and have come across no other mattets in ts)nnedion with Ihe examination to which attention
shoukt be drawn in Ihis report in order to enable a proper understanding ofthe finanual stslemenls to be ￿aChed.
Helen Furlong FCCA
X•lnadin North West Llmltsd
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 SAR
Date:...l(*.....Li....LL

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
STATEMENT OF FINANCIALACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
UnYestrl¢tèd Unrgstricted
funds
funds
2025
2024
Not•s
In¢omg from:
Dtsn81ions and legaues
Charitsble adivities
Membership SeTh7ces
Conference
15.000
15.txjo
50.470
16.393
45,02e
25,070
Total income
81.863
85,098
Expenditure on:
Charitable acliwties
Membership Serwces
Conferen
57.819
57.209
249
Totsl charitable expendilure
57.819
57.458
Total oxpgndltur•
57.819
57.458
Not income and movement in fvnds
24.044
27.64Q
Reeonelllation ol fvnd$:
Fund balan¢e5 al 1 January 2025
154,144
126.504
Fund balan¢es at 31 December 2025
178.188
154,144
The statement of financral athities inthdes ￿1 gains and re(yJgntsed in the year. Al iw?me and expendilure
derive from continuing actNilies.
-10-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
BALANCE SHEET
AS AT31 DECEMBER 2025
2025
2024
Currnnt a$$ots
Debtors
Cash at bank and in harKI
11
(1)
227.724
205.126
227.723
205.126
Creditors: amounts fallng due wlthln
one year
12
(26.400)
{27,84n
Not ¢urr•nt a$so1¥
201,323
177,279
Creditors: amounts lalling after
mom than one ye•r
13
(23,1351
(23.1351
Net assets
178,188
154.144
The funds ofthe ChaTIty
Unrestricted fund5
178,188
154,144
178,188
154,144
The company is entitled lo Ihe exernpb.on from the aLMfrt Tequirement contained in sectton 477 of the Companies Act
2006, for the yaar èndad 31 D8cember 2025.
The directors ackno￿adge their responsibdTDes for o)mpl￿ng with Ihe requirernents of Ihe Companies Act 2006
with respect lo attaunling records 8nd the prwration of ffinancial statements.
The members have not required the o)mpany lo obtain an audit of its finanaal statemenis for th8 year in question in
aL￿r{jance with seclion 476.
These fin¥naal statpmenls have been p￿Pared in a￿rdance ￿ the proV￿lOn5 appluble to companies subject
to the small cofflpanies regime.
The fina
15th Aprd 2026
stateThnts were approved by the Tru5tee5 on .........................
Ms R Lovell¥atell- EAOO PreSId￿t
Chair of Trustees
Company registration number 6844057 (ErwJknd and Kèles)
11

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting polici
Charity Infornmtion
European Arxlemy of Optometry and OptKS is a piiv* company fimiled by guarantee uiojrporated In
England Wales. The registered officè is 4142 Craven Street. London. WC2N 5NG.
1.1 8a$i$ of preparatlon
The finanlxal slalements have been prep8rwJ in acg)rdan¢e with the Clkqrty's governing th)curnent. the
Companies Act 2006, FRS 102 'The Financial Reporting Slan¢Jard applcable in the UK and Republic of
ITeland" and Chaiitses SORP 'A¢couMiNJ and Reporting by Charities". Statement of Re￿mmended
prackn.￿ applicable to charities preparing their aLwunts in accordance with the Finarrial Reporting Standard
applicable in the UK and Repubkn'c of Ireland IFRS 1021-. The Chartty is a Public Benefit Entity as defined by
FRS 1Q2.
Th8 Charity has tsken a(fvantage of the provisions in the SORP for tharilies not to prepara a statement of
cash tlows.
The f￿an￿al statements a￿ prepared in euros, whic* is the functional cajrrency of the Charity. ￿netary
amounts in these financAal statements are rounded to the near￿1 É.
Thè ffinancial sfatement5 have been prepared uThJer the historit41 f>)sl wivent*Jn. The wincip81 accouniing
poliaes adopted are set ¢)ut below.
1.2 Going concern
At the time of approwng the ffflaNial stalemenls, the Tnjgtees have a reasonat* expectaiion that thé Charfty
has adaquate resources lo continue in ope1alion￿ ￿StenCe for the foiesgeable future. Thus the Trustees
nb.nue lo a(lopl the goin9 COn￿M basi5 of ar%ountry li pr8parirwJ the finar￿al statements.
1.3 Charitable funds
Unrestricted funds are avaikbte for use al the rfisuetsjn ol the Twstgos in fvrtheran¢* of their tharitable
objedives.
Restricted fvnds are subject lo speak eondTtions by donors or grantors as to how they may be used. The
purposes and uses ol the reslrided fun(Js a￿ set out in the notes to fin￿cial statemenlg.
Endowment funds are subject to speafjc cotNlthns by donors Ihat the capital must be maintained by the
Charity.
1A kncomo
Income is recognised when the Charity i5 legany entrtled to f( after any perfoman¢e conthions have been
met. the amounts can be measured rel44biy. and it is probable that iwwme wil be received.
Cash donations are recognised on receipt. Other donations are r￿n[Sed once the Charty has been notrfied
of the donation. unlgss perfowmance C¢￿￿tionS require deferral of the amount. Ir￿ tax recoverable in
relation to donations receNed under Gift ANJ or deets of ￿venant is rec4)gnised at the lime of tho donalton.
Legacies are re¢ognised on re￿Ipt or if the Charity has been of an impending distribution,
the amount is known. and receipt is expected. If the amount is not known. Iha legacy treated as a
contingent asset.
12-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2025
A¢counting policies
(Continu￿)
1.5 Expenditure
Expenditu￿ is reDJgnised ortt there is a legal or Constr￿1￿￿e ob￿gat￿1rt lo transfer economi¢ benefrt to a
third party. it is probalAe that a transfer of e¢0￿Mi¢ beneffts will be required in settlement, and the amount ol
the obligation can be measured ￿lIab￿.
Expendiiure is classified by acti￿ty. The costs of eath ac11￿ty are made tjp of the total of d1￿ct costs and
shared costs. in¢ludiNJ support invofved in undèrtaking each activty. Direct costs attributable lo 8 Single
activity are all￿ted directty to that %bwty. Shared ￿$ts whrch contribule to rnOTe than one activity and
support costs whKh ar& Th)18ttributable lo a singk actiwty are apportioned belween those actiwties on a basis
consistent with the use of r&sour￿. Central staff (x)sts are alloc*ed on the basis of time spent, and
deprec4ation tharg0s aro albcated on the portion of the asset's use.
1.6 Cash and eaah Èquivalents
Cash and ¢xsh equivalents inchjdo cash in hand, deposits hekl at call with banks. other short-tern IiqLnd
investments with original maturities of three mnths or ￿$, and bank overdrafts. Bank overdrafts ar8 shown
wilhin borrowings in ￿frerrt l*bditi8s.
1.7 Financial tnstruments
The Charity has elected lo apply th8 provisions of Se¢bon 11 'Basic Finanaal Instwmenls. and Sedion 12
'Olher Financial Instruments Issues. of FRS 102 to al of ts financial instruments.
Finanoal instruments a￿ recognis&J in Ihe Ch￿5 b818nce sheet ￿en the Charity be￿Me6 party to the
ontsathal proM$ion$ ¢)f the In$twmenL
Fin8ncial assets and lia￿lI1eS are offsét. with the nel amounts presented in tho finanual stalemenls, when
there is a legalty enforceablp righl Ir) sel off the recognised amounts and there is an intention to settle on a net
basi$ or to realse the asset and settle thè liabilty $imuttaneou*.
Bask Ilnanval assets
Basic financiil assets, whKh in(*￿e debtors and cash and bank balarw. are initialty measured al
transaction piice Ind￿Jing Iransaclion Costs and are subsequenlly carried at amortised cost using the effective
intere¥t methx1 Unle￿ Ihe arrangerrEnt constrtutes a fin8nong transactton, where the transaction is
measured at the present value ol thg fvlure r*%ipls discourrted at a market rate of inte￿St. Financial assets
dassrfied as receNable within one year are not amortis&J.
Baslc finan¢iTalliabilities
Basic financial liabilii*s. including raeditO￿ and bank kjans are inilialty rerxyjnised at transathn price unl8sS
the arrangement constitutes a ffinancgng transadion. where the debt inslrumenl is measured at Ihe presenl
value of the future payments dis(x)unted at a martet rale of interesL Financial liabilrties da5sffjied as payable
within one year are rK)l amortised.
Debt inslnjments 8re subsequenlty carrigj at amorbsed cost, using the elfedNe interest rale method.
Trade creditors are obfKJab"ons to pay for gcths or services that have been acquired in Ihe ordinary ￿urse of
operalKJns from supplier5. Amounts payable ara daSS[fi￿ as current kbiliiies rf payment 15 due within one
year or less. H not. they arg pte¥enle(J as non-currenl liabl￿es. Trade credrtor5 are recognised initially al
transaclion Pri￿ and subsequenlty measured at amortsed cx)sl using the effeclive interest method.
Derecognlllon of financialllabllfties
Financial liabilities are de￿Cogntsed when the Charitys o)ntra¢lual obligab.ons expire or a￿ disc*arged or
car￿lled.
13-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
A¢¢ounting policifys
(Continu•dl
1.8 Employee benefits
The cost of any unused holiday errtiuement is recognised in the period in which tr* emFloyee's ser¥w are
rec8ived.
Temiination benefjls are re￿nised wnmediat* as an expense when Ihe Charity is demonstrably committed
to teminat8 the employment of an employge or to prowde temiination beneffts.
Criucal accounting estimates •rtd Judgements
In the appkath.on of the Charity's accounting polirAes. the Trustees are requiied lo make judgernenls,
estimates and assumptions about the carying amount of a55ets and liabililies that are not readily apparent
from other sources. estimales a5SOC*ted 8Ssw￿ptx1nS are based on hi5toritxI experience and other
faciors thai are consideied to be relevanL Aclual resulls fflay differ from these estimates.
The estimates and undemying assLThpiThs are reviewed on an org(Mng basis. RewsK)n8 to a¢￿unting
estimates are recognised in the period in whth the estimate is revised where the revisi￿ affec15 onty that
period, or in the perKyJ of Il* revis¢)n and fuiuTe pericrfls whefe the rewsion affects t*Jlh current and fuluie
periods.
Incomg from donations and legacies
Unrnstrictsd
funds
2025
UnrestTiCted
funds
2024
Grants and sponsotship
15.000
1S.OCIJ
European Counul of Optomety & OptKs
Hoya Holdings N.V.
5,000
10.000
5.000
10.000
15.C
15,000
In¢omo from charitsblo activiii
Unre5trictsd Unrestrlctod
funds
funds
2025
2024
Membership Services
Income
50.470
45,028
Conferen¢e
IncA)m8
16.393
25,070
86,863
70.098
14-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Expenditure on charitabk activit
MembpTrhip Membership Conference
Sorvices
202S
Total
2024
2024
2024
Diroct costs
Website & ￿MpUterS
Consuttancy
Travel & accommdali
Conference
Sundry
6,236
7,545
35,260
4,586
249
233
35,260
4,586
5,375
249
233
46,1n
47,624
249
47.873
Sharn of support and governanc• Gosts (sw nolÈ 61
Govemance
9,585
9,585
57.819
57,209
249
57.458
Analys15 by fvTMI
UnrÈsln"cted funds
57.819
57,209
249
57.458
Support costs allocated to actlviti
Membershlp
Sgrvi¢•$
2025
Totsl
2024
Goveman¢e
11.646
9.585
Net movement In funds
2025
2024
The net movement in furbjs is stated after thargin￿[￿edIknn9)'.
Fees payable forthe independent examination oftho iJ)arity5 ffinanoal
stalements
2,320
2,142
Travel & ac￿MmOdation expenses were paid dir* by thg European Academy or reimbursed lo the
trustèes totalling É2,308. P024 E3.798) Al expense$ were in￿rted in the course of dUt￿S as trustees. Nonè
of the trustees re￿iVed a salary 01 any other beneffts from emphjyment with the (tharity in thè year. (2024
0.00) No charity trustees Ter£p￿1 payrnenl for professional or other seNces supplied lo the charity P024
Éo.00)
-15-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED)
FOR THE YEAR ENDED 31 DECEAIBER 2025
Employees
The average rnonlhty number ofempbyees dumg the yeat was:
2025
Number
2024
Number
Tolal
The tharity has been managed by freelanc4 consuwants re￿rtIng to the trustees.
Thère were no 8mployees whose remuneration was more than É60,OJO.
10 Taxation
The ch8rty is exempl from t8xatkin t)n its a(Aivits￿ because al its i￿ome is applied for charrtable purposes.
11 D¢btOf4
2025
2024
Amounts fallSng due within one year.
Trade debtors
12 Creditors: amounts falling due within one year
202S
2024
Nots$
Oeferrod in¢omo
Trade ueditor5
Aeauals
14
23,655
425
2.320
25,605
100
2,142
26,400
27.647
13 Croditors: amounts falling due after more than one year
2025
2024
Loan from The Cdlege of Optometrists
23.135
23,135
16-

EUROPEAN ACADEMY OF OPTOMETRY AND OPTICS
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
14 Def¢rrnd incomo
2025
2024
Other defeired income
23,655
25.605
Deferred income is induded in the financial stslements as f￿1￿$.
2025
2024
Deferr8d income is indLKled wilhin:
Current liabilities
23.655
25,605
Movements in the year..
Deferred income at 1 January 2025
Relttas8d from prevbjus periods
25.605
(1.950)
20,600
5,t4J5
Deferred Ir￿ome at 31 De￿mber 2025
23.655
25.605
15 Unrnstri¢tsd funds
The unrestrtcted funds of the charity comprise the unexpended balances of donalions and grants which are
not Subjed to Speufic condtb.ons by donors 8nd gr8nlors 8$10 they may be used. These include
designated funds which have been set aside out of unrestricted funds by the truslees for specific purposes.
At 1 January
2025
Incoming
resources
Resources
expended
At31
Decernber
2025
Genéral funds
154.144
81.863
157.819)
178,188
Prevlous year.
At 1 January
2024
Incoming
r¢sour¢o9
Resources
expended
At31
D•cemb•r
2D24
General funds
126.504
85.098
157,458)
154.144
16 Related party tranSa￿lI)n$
The College of Optometrists has prwded an INte￿$t free ltsan to EAOO. The balaneÉ at the year end is
3,135 (2C124 Q3.135), it is On￿ repayabl8 rf the Acaderny was to be wound up, which is not antiCApated
currenty.
-17-