Charity number: 1148762 Company number: 08031595 (England and Wales)
World Sight Foundation Saving Vision through Education
Annual Report of the Trustees & Financial Statements For the year ended 31 March 2021
Registered Charity number 1148762. A company limited by guarantee in England and Wales: 8031595 Registered Office 3 Tedworth Square, London, SW3 4DU www.worldsightfoundation.com
Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
World Sight Foundation Report of the Trustees For the year ended 31 March 2021
Chair's report
Mission
Our mission is to enhance the skills of locally-based eye care professionals working in the developing world. This has usually (but not exclusively) taken the form of teaching those working in primary care. Our ambition is to help raise standards to enable this cadre of worker to be able to recognise and manage simple conditions and also to be able to recognise sight threatening disease which needs urgent referral.
Approach and Ethos
Improving the standards of eye care of those looking after the poorest and most needy patients in the world is the way we have chosen to provide ophthalmic aid. This is the role upon which that the World Sight Foundation (WSF), formed in 2012, has decided to concentrate.
Education is an empowering self-help tool and enhancing the skills of those primary care practitioners, be they doctors, nurses or other healthcare professionals, is one way of helping to reduce the appalling incidence of blindness in the world which is currently estimated to be 36 million people.
We work on a “we will help you do it but not do it for you” basis. Our motto is “If we treat we help now, if we teach we help for ever”
How we work
Our main educational activities centre around the ophthalmic teaching courses that we run in different parts of the world. These courses vary in their content from country to country in response to local need and educational standards. In Africa and now in India as well we have developed partnerships which allow us to use the facilities of a local eye hospital. This allows us to control the educational process and to access patients for our clinical training. Senior local practitioners contribute to these courses and contribute special knowledge of local ophthalmic disease.
Chairman's Report for the year ending March 31st 2021
During the year we have concentrated our efforts on producing a manual for those engaged in ophthalmic primary care in different parts of the world. By using QR codes throughout the text we have connected the reader via a smartphone to numerous illustrations on our website. This has made the manual affordable to the most impoverished worker.
The contents of the manual were approved by a wide range of our ophthalmic connections in different parts of the world - to make sure that what was written was appropriate in content for those for who it is intended. Many of these overseas friends also contributed illustrations of a wide range of ophthalmic conditions.
The response to this work-published in March 2021 has been very encouraging and we will be considering the possibilities of translation into different languages in due course.
The other main activity of the charity during this year is to start to engage in distance learning to primary care workers. This is not advanced yet but will consist of teaching video presentations and specially adapted lecture style talks. This initiative will be developed during the current year.
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World Sight Foundation Report of the Trustees Continued For the year ended 31 March 2021
Report of the Trustees for the year ended 31st March 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary aim of the charity is to contribute to the saving of vision, through education, anywhere in the world. At the present time its activities, reactive to local need to ensure sustainability, are in Africa, India and the Far East.
A project, to which trustees must give unanimous support, is only considered suitable for support after a number of criteria have been met. The most important of these include a site inspection and the identification of suitable local leadership. When considered suitable/possible, the initiative is enshrined in a Memorandum of Understanding which includes the importance of monitoring and evaluation of work done.
The trustees have referred to the Charity Commission's guidance on public benefit in their regular review of the objectives and activities of the charity and in planning the charity's future activities. The trustees believe these benefits - to people affected by visual disorders in the countries where the charity operates - are clearly demonstrated in the trustees' determination to deliver, through education, enhanced ophthalmic skills of locally-based eye care professionals.
The trustees have referred to the Charity Commission's guidance on public benefit in their regular review of the objectives and activities of the charity and in planning the charity's future activities. The trustees believe these benefits - to people affected by visual disorders in the countries where the charity operates - are clearly demonstrated in the trustees' determination to deliver, through education, enhanced ophthalmic skills of locally-based eye care professionals.
FINANCIAL REVIEW
Reserves
It is our policy to ensure there are sufficient funds to meet expenditure for the ensuing year.
The magnitude of donations, which are the only source of income at the moment other than negligible amounts from interest bearing accounts, is the determinant of the level of funding that the charity is able to utilise.
During the year the charity's income was £71,683 and, due to a large amount of travel refunds, the charity had outgoings were £11,297.
Going concern
Risk management
The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. Adequate measures have been taken to mitigate any risks incurred by visiting teachers in connection with their teaching responsibilities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The World Sight Foundation was established as a company limited by guarantee, incorporated on 16th April 2012, and registered as a charity on 30th August 2012. The company, established under a Memorandum of Association, which states the objects and powers of the charitable company, is governed by its Articles of Association. The Charity is governed by a board of trustees.
The trustees, who are the members of the charity, are liable for the debts and liabilities of the charity to an amount not exceeding £10 per member in the event of a winding-up during their membership, or within one year afterwards.
The following policies are fully extant - Teacher disclaimer, Code of Conduct, Conflicts of Interest, Complaints Handling, Data protection, Expenses, Safeguarding and Bribery.
Recruitment and appointment of trustees
Appropriate induction and training is given so that they may contribute effectively to the governance of the charity. They are made aware of the statutory obligations as a director and as a trustee.
The Induction process includes meetings with the Chairman and trustees and the new trustee is provided with documents relevant to the Charity. These include the Memorandum and Articles of Association, latest accounts and referred to the Charity Commission's guideline “CC3-The Essential Trustee: what you need to know”. New trustees are familiarised with our conflicts of interest policy and the complaints procedure and other relevant policies.
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World Sight Foundation Report of the Trustees Continued For the year ended 31 March 2021
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity World Sight Foundation Charity registration number 1148762 Company registration number 08031595 Principal address 3 Tedworth Square London SW3 4DU
Trustees
The trustees and officers serving during the year and since the year end were as follows:
A.H. Chignell MBE DO FRCS FRCOphth Miss G.N. Chignell Duncan Cantlay TD DL Mrs M. Mills Professor Clare Gilbert MD FRCS FRCOphth R.H.C.Markham FRCP FRCS FRCOphth Secretary Georgina Chignell Independent examiners Farrow Accounting & Tax Limited 95 South Worple Way London SW14 8ND
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Georgina Chignell
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World Sight Foundation Independent Examiners Report to the Trustees For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the 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
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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).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Niall Hawkins ACA CTA
Farrow Accounting & Tax Limited 95 South Worple Way London SW14 8ND
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World Sight Foundation
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 2 Investments (Bank interest) 3 Total Expenditure on: Raising funds 4 Charitable activities 5/6 Other expenditure Total Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 70,135 53 70,188 576 10,748 (28) 11,296 (274) 81,210 125,104 206,314 |
Restricted funds £ 4,000 - 4,000 - (10,739) - (10,739) 274 (6,465) 27,513 21,048 |
2021 £ 74,135 53 74,188 576 9 (28) 557 - 74,745 152,617 227,362 |
2020 £ 93,639 268 |
|---|---|---|---|---|
| 93,907 | ||||
| (1,300) (127,589) - |
||||
| (128,889) | ||||
| - | ||||
| (34,982) | ||||
| 187,599 | ||||
| 152,617 |
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World Sight Foundation Statement of Financial Position As at 31 March 2021
| Notes Current assets Debtors 10 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 11 Unrestricted income funds 11 Total funds |
2021 £ 3,874 223,488 227,362 227,362 227,362 21,048 206,314 227,362 |
2020 £ 1,369 151,248 |
|---|---|---|
| 152,617 | ||
| 152,617 | ||
| 152,617 | ||
| 16,209 136,408 |
||
| 152,617 |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
A.H. Chignell MBE DO FRCS FRCOphth Trustee
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World Sight Foundation Notes to the Financial Statements For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
World Sight Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The trustees are of the view that the Charity has sufficient reserves for the foreseeable future and, as such, that the Charity is a going concern.
Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise where specified by the donor or when funds are raised for particular restricted purposes.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange.
Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the income statement.
2. Income from donations and legacies
| Donations and legacies Investments Total |
Unrestricted funds £ 60,135 10,000 70,135 |
Restricted funds £ 4,000 - 4,000 |
2021 £ 64,135 10,000 74,135 |
2020 £ 47,639 46,000 |
|---|---|---|---|---|
| 93,639 |
3. Investment Income
| Unrestricted funds Bank interest receivable 4. Expenditure on other trading activities Unrestricted funds Fund raising events |
2021 £ 53 53 2021 £ (576) (576) |
2020 £ 268 |
|---|---|---|
| 268 | ||
| 2020 £ 1,300 |
||
| 1,300 |
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World Sight Foundation Notes to the Financial Statements Continued For the year ended 31 March 2021
5. Cost of charitable activities by fund type
| Unrestricted funds Restricted funds 2021 £ £ £ Ophthalmic Education (14,917) 10,580 (4,337) Support costs 4,169 159 4,328 Total (10,749) 10,740 (9) 6. Cost of charitable activites by type Activities undertaken directly Grant funding of activities Support costs 2021 £ £ £ £ Ophthalmic Education 2,334 (6,671) 4,328 (9) 7. Analysis of support costs 2021 £ Ophthalmic Education Management 2,229 IT - Governance costs 2,100 Total 4,329 |
2020 £ 122,812 4,777 127,589 2020 £ 127,589 2020 £ 2,964 401 1,412 4,777 |
|---|---|
8. Net income/(expenditure) for the year
| This is stated after charging/(crediting): Accountancy fees |
2021 2020 £ £ 1,800 - |
|---|---|
9. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Investments (bank interest) Total Expenditure on: Raising funds Charitable activities Total Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 47,638 268 47,906 (1,300) (42,685) (43,986) (27,599) (23,678) 160,086 136,408 |
Restricted funds £ 46,000 - 46,000 - (84,903) (84,903) 27,599 (11,304) 27,513 16,209 |
2020 £ 93,639 268 |
|---|---|---|---|
| 93,907 | |||
| (1,300) (127,589) |
|||
| (128,889) | |||
| - | |||
| (34,982) | |||
| 187,599 | |||
| 152,617 |
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World Sight Foundation Notes to the Financial Statements Continued For the year ended 31 March 2021
10. Debtors
| Amounts due after more than one year: Other debtors Total 11. Movement in funds Unrestricted Funds General General Unrestricted Funds – Previous year General General |
Balance at 01/04/2020 £ 125,104 125,104 Balance at 01/04/2019 £ 160,086 160,086 |
Income resources £ 70.188 70,188 Income resources £ 47,907 **47,907 ** |
Outgoing resources £ 11,296 11,296 Outgoing resources £ (43,986) (43,986) |
2021 £ 3,874 3,874 Transfers £ (274) |
2020 £ 1,369 1,369 Balance at 31/03/2021 £ 206,314 |
||
|---|---|---|---|---|---|---|---|
| (274) | 206,314 | ||||||
| Transfers £ (27,599) |
Balance at 31/03/2020 £ 136,408 |
||||||
| (27,599) | 136,408 |
Purpose of unrestricted Funds
General
Saving vision through the education of ophthalmic personnel.
| Rerestricted Funds Book India Lesotho Rwanda South Africa Rerestricted Funds – Previous year India Lesotho Rwanda South Africa |
Balance at 01/04/2020 £ - 13,505 4,851 9,157 - 27,513 Balance at 01/04/2019 £ 13,505 4,851 9,157 - 27,513 |
Income resources £ 4,000 - - - - 4,000 Income resources £ 22,000 - - 24,000 46,000 |
Outgoing resources £ (2,344) - (8,121) - (274) (10,739) Outgoing resources £ (33,304) - - (51,599) (84,903) |
Transfers £ - - - - 274 274 Transfers £ - - - 27,599 27,599 |
Balance at 31/03/2021 £ 1,656 13,505 (3,270) 9,157 - |
|---|---|---|---|---|---|
| 21,048 | |||||
| Balance at 31/03/2020 £ 2,201 4,851 9,157 - |
|||||
| 16,209 |
Purpose of restricted Funds
India
Saving vision through the education of ophthalmic personnel in India.
Lesotho
Saving vision through the education of ophthalmic personnel in Lesotho.
Rwanda
Saving vision through the education of ophthalmic personnel in Rwanda.
South Africa
Saving vision through the education of ophthalmic personnel in South Africa.
Book
Expanding the Charity’s educational reach
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World Sight Foundation Notes to the Financial Statements Continued For the year ended 31 March 2021
12. Analysis of net assets between funds
| Unrestricted funds General Restricted funds Book India Lesotho Rwanda Total Previous year Unrestricted funds General Restricted funds India Lesotho Rwanda Total |
Net current assets / (liabilities) £ 206,314 1,656 13,505 (3,270) 9,157 227,362 Net current assets / (liabilities) £ 136,408 2,201 4,851 9,157 152,617 |
Net assets £ 206,314 1,656 13,505 (3,270) 9,157 |
|---|---|---|
| 227,362 | ||
| Net assets £ 136,408 2,201 4,851 9,157 |
||
| 152,617 |
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World Sight Foundation Detailed Statement of Financial Activities For the year ended 31 March 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Total Donations and Legacies Investments (Bank Interest) Bank interest receivable TOTAL INCOME EXPENDITURE Other trading activities Fund raising events Charitable activities Cost of direct charitable activity Cost of grant funded charitable activity Travel refunds / (Travel expenses) Other Bank charges SUPPORT COSTS Management Management Insurance Advertising Postage IT IT Governance costs Governance costs Accountancy fees Total resourced expended Net Income |
2021 £ 64,135 10,000 74,135 53 53 74,188 576 576 (2,334) (12,534) 19,205 4,337 (28) (28) - (264) (1,566) (398) (2,228) - - (300) (1,800) (2,100) 557 74,745 |
2020 £ 47,639 46,000 |
|---|---|---|
| 93,639 268 268 |
||
| 93,907 (1,300) |
||
| (1,300) - - (122,812) |
||
| (122,812) - |
||
| - (2,101) (719) (144) - |
||
| (2,964) (401) |
||
| (401) (1,412) - |
||
| (1,412) | ||
| (128,889) | ||
| (34,982) |
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