Charity number: 1148762 Company number: 08031595 (England and Wales)
World Sight Foundation
Saving Vision through Education Annual report and financial statements for the year ended March 31[st] 2024
India
Registered charity number 1148762 Registered company number (England and Wales) 8031595 Registered Office 3 Tedworth Square, London SW34DU www.worldsightfoundation.com
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World Sight Foundation
Contents Page
For the year ended 31 March 2024
| Report of the Trustees | 3 to 7 |
|---|---|
| Independent Examiner’s Report to the Trustees | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Notes to the Financial Statements | 11-15 |
| Detailed Statement of Financial Activites | 16 |
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World Sight Foundation
Report of the Trustees For the year ended 31 March 2024
The Trustees, who are also the directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ending March 31[st] 2024.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 Republic of Ireland (FRS 102) (effective 1 January 2015)
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 eye care. Our ambition is to help raise standards to enable this cadre of worker to be able to recognise and manage simple conditions and to be able to recognise sight threatening disease which needs urgent referral.
Our motto is “If we treat, we help now, if we teach, we help forever”.
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 The World Sight Foundation (WSF), formed in 2012, has decided to concentrate and working on a “we will help you do it but not do it for you” basis.
Education is an empowering self-help tool and enhancing the skills of 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 40 million people.
Raising the standards of the primary care cadre will not only be of immediate benefit to patients but it will enable this betterinformed workforce to play a greater part in future sight saving initiatives in their country (e.g. the early detection and monitoring of diabetic retinopathy).
How we work
Our teaching methods consist of our on-site and our online programmes. These are supplemented by our teaching manual and our educational videos.
Our on-site courses reflect the main needs of the attendees - thus we have simplified lecturing and have increased the practical skilling component of the courses.
Chairman’s Report for the year ending March 31[st] 2024
We have conducted successful online distance learning courses this year in Ludhiana, Hyderabad, Lesotho, Bangladesh and Taiwan.
Approximately 245 people have “attended” these courses which are conducted by online ophthalmic speakers from the UK and are complimented by practical skilling teaching by local ophthalmologists. These courses are always well attended and very well received.
We also conducted on-site training courses at HV Desai Eye Hospital in Pune in September 2023 and February 2024. These were attended in person by 48 clinical officers from the state of Maharashtra. In addition 39 additional practitioners attended the lectures online.
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World Sight Foundation
Report of the Trustees
For the year ended 31 March 2024
We continued our support of the McCord Eye Hospital in Durban, South Africa with on-site courses in July and November 2023. 49 primary care workers attended these courses. The July course was attended by local primary care workers and the November course had attendees from Botswana, Kenya, Lesotho, Malawi, Tanzania, Zambia, Zimbabwe, Eswatini and Uganda. This is an ongoing relationship with McCord’s and we will be back in 2024 – 2025 with more training courses at the hospital.
We will be extending our work in India and in 2024 we are establishing teaching centres in Guwahati in Assam and Hyderabad in Telangana.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The World Sight Foundation was established as a company limited by guarantee, incorporated on 16[th] April 2012, and registered as a charity on 30[th] 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.
Recruitment and appointment of new trustees
The trustees of the charity appoint new trustees by a unanimous vote. Trustees are selected for their knowledge of the activities of the charity and/or for their financial, investment and business abilities.
Induction and training of new trustees
Appropriate induction and training is given so that trustees 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.
Organisational structure
The board meets at least twice a year. The Articles of Association require that a quorum of at least three members be present when the meeting proceeds to business.
Board Policies
The following policies are fully extant - Teacher disclaimer, Code of Conduct, Conflicts of Interest, Complaints Handling, Data protection, Expenses, Safeguarding and Bribery.
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.
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World Sight Foundation
Report of the Trustees For the year ended 31 March 2024
Public Benefit
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.
OBJECTIVES, ACTIVITIES AND ACHIEVEMENTS
The primary aim of the charity is to contribute to the saving of vision, through education, anywhere in the world. At the present time our activities, reactive to local need to ensure sustainability, are in Africa and India.
FINANCIAL REVIEW
Reserves policy and general matters
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 £98,383 and the outgoings were £163,633.
FUTURE DEVELOPMENTS
The charity’s plan for the next year is to:
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Continue with different models of online distance learning and to continue our in-person overseas training courses in Africa and India.
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Continue to evaluate and monitor its educational efforts to see where improvements can be made.
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Continue with an appropriate level of fundraising to meet our needs.
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World Sight Foundation
Report of the Trustees For the year ended 31 March 2024
Report of the Trustees for the year ended 31[st] March 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31[st] March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales) 8031595
Registered Charity number 1148762
Registered office
3 Tedworth Square London SW3 4DU
Trustees
For the purposes of charity law, the Directors are the Trustees of the charity. The Directors of the charity during the year were: -
A.H. Chignell Esq MBE DO FRCS FRCOphth (Chairman) Miss G.N. Chignell Mrs M. Mills R.H.C. Markham Esq FRCP FRCS FRCOphth Duncan Cantlay Esq TD DL Professor Clare Gilbert MD FRCS FRCOphth B.James Esq DM FRCS (Ed) FRCOphth
Company secretary
Miss G.N. Chignell
Accountants
Farrow Accounting & Tax Limited
Chartered Accountants Unit T13 Tideway Yard 125 Mortlake High Street London SW14 8SN
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World Sight Foundation
Report of the Trustees For the year ended 31 March 2024
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees (who are also the directors of The World Sight Foundation for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to: -
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charity SORP;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the detection of fraud and other irregularities. In so far as trustees are aware:
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There is no relevant audit information of which the charitable company’s independent examiners are aware:
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The trustees have taken all reasonable steps to make themselves aware of any relevant audit information and to establish that the independent examiners are aware of that information.
Approved by the trustees on and signed on their behalf by:-
Signed ……………… Name ….. A.H.Chignell (Chairman) Date 23 October 2024
Signed…………….. Name ….. M.Mills (Trustee) Date………. 23 October 2024
I
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World Sight Foundation
Independent Examiners Report to the Trustees For the year ended 31 March 2024
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 Unit T13 Tideway Yard 125 Mortlake High Street London SW14 8SN
23rd October, 2024
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World Sight Foundation
Statement of Financial Activities
For the year ended 31 March 2024
| Income and endowments from: Notes Donations and legacies 2 Other trading activities 3 Investments 4 Total Expenditure on: Raising funds 5 Charitable activities 6/7 Other expenditure Total Net income / expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 96,095 24 2,264 98,383 (6,903) (155,526) (204) (163,633) (65,250) 233,102 166,852 |
Restricted funds £ - - - - - - - - - 9,157 9,157 |
2024 £ 96,095 24 2,264 98,383 (6,903) (155,526) (204) (163,633) (65,250) 241,259 176,009 |
2023 £ 89,404 26 932 90,362 (10,900) (86,183) (54) (97,137) (6,775) 248,034 241,259 |
|---|---|---|---|---|
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World Sight Foundation
Registered Number: 08031595
Statement of financial position For the year ended 31 March 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 11 | 14,000 | 8,701 |
| Cash at bank and in hand | 162,009 | 232,558 | |
| 176,009 | 241,259 | ||
| Net current assets | 176,009 | 241,259 | |
| Total assets less current liabilities | 176,009 | 241,259 | |
| Net assets | 176,009 | 241,259 | |
| The funds of the charity | |||
| Restricted income funds | 12 | 9,157 | 9,157 |
| Unrestricted income funds | 12 | 166,852 | 232,102 |
| Total funds | 176,009 | 241,259 |
For the year ended 31 March 2024 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 statement were approved and authorised for issue by the Board and signed on its behalf by:
A.H. Chignell Esq MBE DO FRCS FRCOphth Trustee
11 October 2024
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World Sight Foundation
Notes to the Financial Statements For the year ended 31 March 2024
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 forseeable 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
| ome from donations and legacies | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 96,095 | 63,037 |
| Grants received | - | 26,367 |
| 96,095 | 89,404 |
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World Sight Foundation
Notes to the Financial Statements Continued
For the year ended 31 March 2024
| 3. Income earned from other activities Unrestricted funds Book sales 4. Investment income Unrestricted funds Bank interest receivable 5. Expenditure on other trading activities Unrestricted funds Fund raising events 6. Costs of charitable activities by fund type Ophthalmic Education Support costs 7. Costs of charitable activities by activity type Activities undertaken directly Grant funding of activities Support costs £ £ £ Support costs Ophthalmic Education 383 132,478 23,665 |
2024 £ 24 24 2024 £ 2,264 2,264 2024 £ 6,903 6,903 2024 £ 132,861 23,665 156,526 2024 £ 156,526 |
2023 £ 26 26 2023 £ 932 932 2023 £ 10,900 10,900 2023 £ 74,595 11,588 86,183 2023 £ 86,183 |
|---|---|---|
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World Sight Foundation
Notes to the Financial Statements Continued
For the year ended 31 March 2024
8. Analysis of support costs
| Ophthalmic Education Management Governance costs et income/(expenditure) for the year This is stated after charging/(crediting): Accountancy fees Comparative for the Statement of Financial Activities Income and endowments from: Donations and legacies Other trading activities Investments Total Expenditure on: Raising funds Charitable activities Other expenditure Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Debtors Amounts due within one year: Other debtors |
Unrestricted funds £ 89,404 26 932 90,362 (10,900) (40,781) (54) (51,735) (44,146) (5,519) 237,621 232,102 |
2024 £ 1,712 9,876 11,588 2024 £ 1,860 Restricted funds £ - - - - - (45,402) - (45,402) 44,146 (1,256) 10,413 9,157 2024 £ 14,000 14,000 |
2023 £ 1,712 9,876 11,588 2023 £ 1,800 2023 £ 89,404 26 932 90,362 (10,900) (86,183) (54) (97,137) - (6,775) 248,034 241,259 2023 £ 8,701 8,701 |
|---|---|---|---|
9. Net income/(expenditure) for the year
10. Comparative for the Statement of Financial Activities
11. Debtors
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World Sight Foundation
Notes to the Financial Statements Continued For the year ended 31 March 2024
12. Movement in funds
| Unrestricted Funds General General Unrestricted Funds - Previous year General General Purpose of unrestricted Funds |
Balance at 01/04/2023 £ 232,102 232,102 Balance at 01/04/2022 £ 237,621 237,621 |
Incoming resources £ 98,383 98,383 Incoming resources £ 90,362 90,362 |
Outgoing resources £ (163,633) (163,633) Outgoing resources £ (51,735) (51,735) |
Transfers £ - - Transfers £ (44,146) (44,146) |
Balance at 31/03/2024 £ 166,852 |
|---|---|---|---|---|---|
| 166,852 | |||||
| Balance at 31/03/2023 £ 232,102 |
|||||
| 232,102 | |||||
General
Saving vision through the education of ophthalmic personnel.
| Restricted Funds | |||||
|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2023 | resources | resources | 31/03/2024 | ||
| £ | £ | £ | £ | £ | |
| Rwanda | 9,157 | - | - | - | 9,157 |
| 10,413 | - | (45,402) | 44,146 | 9,157 | |
| Restricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| £ | £ | £ | £ | £ | |
| India | 1,256 | - | (45,402) | 44,146 | - |
| Rwanda | 9,157 | - | - | - | 9,157 |
| 10,413 | - | (45,402) | 44,146 | 9,157 |
Purpose of restricted funds
Rwanda
Saving vision through the education of ophthalmic personnel in Rwanda.
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World Sight Foundation
Notes to the Financial Statements Continued
For the year ended 31 March 2024
13. Analysis of net assets between funds
| nalysis of net assets between funds | ||
|---|---|---|
| Net current | Net Assets | |
| assets / | ||
| (liabilities) | ||
| £ | £ | |
| Unrestricted funds | ||
| General | ||
| General | 166,852 | 166,852 |
| Restricted funds | ||
| Rwanda | 9,157 | 9,157 |
| 176,009 | 176,009 | |
| Previous year | ||
| Net current | Net Assets | |
| assets | ||
| / | ||
| (liabilities | ||
| ) | ||
| £ | £ | |
| Unrestricted funds | ||
| General | ||
| General | 232,102 | 232,102 |
| Restricted funds | ||
| Rwanda | 9,157 | 9,157 |
| 241,259 | 241,259 |
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World Sight Foundation
Detailed Statement of Financial Activities For the year ended 31 March 2024
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 96,095 | 63,037 |
| Grants receivable | - | 26,367 |
| 96,095 | 89,404 | |
| Other trading activities | ||
| Book sales | 24 | 26 |
| 24 | 26 | |
| Investments | ||
| Bank interest receivable | 2,264 | 932 |
| 2,264 | 932 | |
| Total incoming resources | 98,383 | 90,362 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fund raising events | (6,903) | (10,900) |
| (6,903) | (10,900) | |
| Charitable activities | ||
| Cost of direct charitable activity | (383) | (53,479) |
| Cost of grant funded charitable activity | (132,478) | (21,117) |
| (132,861) | (74,596) | |
| Other | ||
| Bank charges | (204) | (54) |
| (204) | (54) | |
| SUPPORT COSTS | ||
| Management | ||
| Management | - | 1 |
| Insurance | (837) | (837) |
| Advertising | (1,287) | (288) |
| Software | - | (587) |
| (2,124) | (1,711) | |
| Governance costs | ||
| Accountancy fees | (1,860) | (1,800) |
| Administrator | (19,681) | (8,076) |
| (21,541) | (9,876) | |
| Total resources expended | (163,633) | (97,137) |
| Net Expenditure | (65,250) | (6,775) |
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