Roper-Hall Eye Foundation CIO
Charity Registration No.1170780
Report and Unaudited Financial Statements Year ended 31 December 2025
Shruti Soni Ltd Chartered Certified Accountants 117A St Johns Hill Sevenoaks TN13 3PE
Roper Hall Eye Foundation CIO
Status: Charity Registration No.1170780 The charity's governing document registered on 15 December 2016
Registered Office: Academic Unit of Ophthalmology Birmingham and Midland Eye Centre Western Road BIRMINGHAM B18 7QH Trustees: Philip Murray (Chair) Saaeha Rauz Sunil Shah Max Spurgeon Graham Wallace Lisa Page Soon Ch’ng (appointed 08 July 2025) Imran Masood (appointed 08 July 2025)
Trustee (Finance): Saaeha Rauz
Honorary Secretary: Charlotte Harris
Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St. John's Hill, Sevenoaks TN13 3PE Bankers: CAF Bank Ltd. Investment Managers: RBC Brewin Dolphin 25 Kings Hill Avenue 9 Colmore Row Kings Hill Birmingham West Malling, Kent B3 2J ME19 4JQ
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Roper Hall Eye Foundation CIO
Trustees' Report
for the year ended
31 December 2025
The Trustees of the Roper-Hall Eye Foundation CIO (“the Charity”) have the pleasure in presenting their report and financial statements for the year ended 31 December 2025. The Charity was registered with the Charity Commission on 15 December 2016, and the final funds were transferred from the Birmingham Eye Foundation (‘BEF’) on 21 May 2018 when BEF ceased activities.
The financial statements comply with the Charities Act, the Charity’s Constitution and 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 (FRS102) (updated 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Roper-Hall Eye Foundation CIO is a Charitable Incorporated Organisation and a registered Charity governed by its Constitution. The only voting members are its Trustees. The Charity is managed by the Chair, the Finance Trustee and the Honorary Secretary.
The Charity was registered on 15 December 2016, becoming a legal organisation. It commenced activity on 29 December 2017 following the transfer of initial funds and activities from the Birmingham Eye Foundation.
Two new Medical Trustees with the necessary skills and experience to contribute to the Charity’s activities and to be able to discharge their obligations as Trustees were appointed to join the Board.
OBJECTIVES AND ACTIVITIES
The Charity’s objects are to promote education and research into the study of ophthalmology for the public benefit, in particular but not exclusively by:
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A) Supporting world-class scientific and clinical research into sight loss and other manifestations of eye disease B) Enhancing the education and training of professionals involved in eye care and in ophthalmic research and education
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C) Supporting engagement with patients and the public to better understand eye disease and support eye health.
The Charity will undertake the following activities to fulfil its objectives:
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1) Continue to support the Birmingham and Midland Eye Hospital Alumni meetings
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2) Continue to support the Roper-Hall Medal and the Sir Adrian Cadbury Lecture
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3) Continue to support activities that meet the Charity’s objectives
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4) Promote the named University of Birmingham medical student elective bursaries, conference travel awards and undergraduate prize essay
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5) Promote various grant-giving schemes and awards
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6) Undertake fundraising activities
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7) Recruit to fill Trustee vacancies as necessary.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.
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Roper Hall Eye Foundation CIO
Trustees' Report
for the year ended
31 December 2025
ACHIEVEMENTS, PERFORMANCE AND FUTURE PLANS
We have had a highly successful 2025, awarding the most grants in a single year. Apart from monies through the Barbara Mary Wilmot Discretionary Trust, we have funded four grants from our Patient Benefit and Wellbeing Grant scheme that was introduced in 2025, two Vision-related Research Awards at the University of Birmingham (UoB) also introduced in 2025, a Small Funding Award and various UoB undergraduate awards, including an Essay Prize, five Elective Bursaries and a Conference Travel award. We supported the Festive Lights switch-on at the Birmingham and Midland Eye Centre. We continued our commitment to the Birmingham and Midland Eye Hospital Alumni meeting, the R-HEF Medal Educational Bursary and the Sir Adrian Cadbury Lecture. Various fundraising activities were led by Mr Keith Mainwaring (Associate Member – now deceased), including cake sales.
STATEMENT OF PUBLIC BENEFIT
In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act, 2011.
RESERVE POLICY
Trustees have agreed to continue with their existing reserves policy as follows: ‘To maintain unrestricted funds at a level sufficient to cover management and administrative costs, to respond to emergency applications for grants which arise and to meet on-going commitments approved by Trustees’.
The Foundation has approximately £1.94m of investment assets and retains a cash reserve outside the portfolio to ensure that the charity's ongoing costs and grant-making ability do not require selling any of the assets held within the portfolio, which represents the charity’s long-term financial assets.
The Foundation aims to distribute grants between £30,000 and £50,000 per annum, but this can vary from year to year depending on grant-making opportunities, funding requests, and investment returns. The investment objective is to generate an income return of approximately 3-4% per annum over the long term.
The free reserves on 31 December 2025 are in line with the policy and will be regularly reviewed, taking into account both current and expected future expenditure.
FINANCIAL REVIEW
Overall, the Foundation’s investment income was stable in 2025 compared with the previous year (£48,639 in 2025 vs £49,298 in 2024). Total grant payments were £52,665 during the year (2024: £6,300).
The Foundation finishes the year ended 31[st] December 2025 with net assets of £2,043,550, an increase of £104,007 on 2024.
Based on the expected income and expenditure levels, Trustees consider that the Charity has adequate resources to maintain its ongoing work and expand its services as outlined above.
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Roper Hall Eye Foundation CIO
Trustees' Report
for the year ended
31 December 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
a) select suitable accounting policies and apply them consistently;
b) observe the methods and principles in the Charities SORP;
c) make judgments and accounting estimates that are reasonable and prudent;
d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2022, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice, ‘Accounting and Reporting by Charities (SORP FRS 102).
The report was approved by the trustees on _________and signed on their behalf by:
_______ Name: (Trustee)
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Independent Examiner’s Report to the Trustees of Roper Hall Eye Foundation CIO
I report on the financial statements of the charity for the year ended 31 December 2025 as set out on pages 6 to 15.
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 charity’s accounts carried out under section 145 of the 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 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 charity as required by section 130 of the 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 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.
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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.
Shruti Soni ACCA Date:
Shruti Soni Ltd ● Chartered Certified Accountants 117a St. John's Hill, Sevenoaks TN13 3PE
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Roper Hall Eye Foundation CIO
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 December 2025
| Note Income from: Donations and legacies 2 Fundraising Investment income 3 Total income: Expenditure on: 4 Raising funds: Charitable activities Total expenditure: Net income/(expenditure) Gains / (losses) on investments Net movement in funds 12 Reconciliation of funds: Total funds brought forward Total funds carried forward 12 Net income / (expenditure) before gains on investments Investment management costs |
Unrestricted fund £ 649 564 48,639 49,852 11,307 62,453 73,760 (23,908) (23,908) 129,675 105,767 1,937,783 2,043,550 |
Restricted fund £ 38,950 - - |
2025 Total fund £ 39,599 564 48,639 |
Unrestricted fund £ 10,434 2,459 49,298 |
Restricted fund £ - - - |
2024 Total fund £ 10,434 2,459 49,298 |
|---|---|---|---|---|---|---|
| 38,950 | 88,802 | 62,191 | - | 62,191 | ||
| - 40,710 |
11,307 103,163 |
10,720 16,439 |
- - |
10,720 16,439 |
||
| 40,710 (1,760) |
114,470 (25,668) |
27,159 35,032 |
- - |
27,159 35,032 |
||
| (1,760) - |
(25,668) 129,675 |
35,032 98,050 |
- | 35,032 98,050 |
||
| (1,760) 1,760 |
104,007 1,939,543 |
133,082 1,804,701 |
- 1,760 |
133,082 1,806,461 |
||
| - | 2,043,550 | 1,937,783 | 1,760 | 1,939,543 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the financial statements.
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Roper Hall Eye Foundation CIO
Balance sheet
As at 31 December 2025
| Note Fixed assets: 8 Current assets: 9 Liabilities: 10 11 12 Total unrestricted funds 12 Restricted funds Unrestricted funds Total charity funds The funds of the charity: General funds Total net assets / (liabilities) Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net assets / (liabilities) Total assets less current liabilities Investments |
£ - 109,131 |
2025 £ 1,938,082 1,938,082 105,468 2,043,550 2,043,550 - 2,043,550 2,043,550 |
£ 160 212,131 |
2024 £ 1,730,827 |
|---|---|---|---|---|
| 1,730,827 208,716 |
||||
| 109,131 3,663 |
212,291 3,575 |
|||
| 2,043,550 | 1,937,783 | |||
| 1,939,543 | ||||
| 1,939,543 | ||||
| 1,760 1,937,783 |
||||
| 1,939,543 |
The accompanying accounting policies and notes form part of these financial statements.
These financial statements, were approved by the Board on ..................... and signed on its behalf by:
Trustee
Name: Date:
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
1 Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
b) Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
c) Going concern
The financial statements have been prepared on a going concern basis which assumes that the Charity will continue to operate. The validity of this assumption is dependent upon the Charity generating sufficient income to meet its commitments and in pursuing a viable budget. The Charity’s business plan shows that the Charity will be able to operate in the foreseeable future. Based on this understanding the Trustees believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate.
There are no key judgements that the has made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income relating to future periods, as a result of donor imposed conditions specifying the time period, has been treated as deferred income. Income dependent on certain conditions, amounting to more than mere administrative requirements, is recognised when the conditions have been fulfilled.
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
1 Accounting policies (continued)
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
f) Funds
Unrestricted funds are expendable at the discretion of the Trustees in the furtherance of the objectives of the charity and include funds designated for a particular purpose; the use of such funds remains at the discretion of the Trustees.
Restricted funds are funds subject to conditions imposed by the donor or by specific terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the Charity.
g) Expenditure and grants payable
Expenditure and grants payable are recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
A constructive obligation arises when the charity has communicated the award of a grant and there are no conditions within its control outstanding. Grants approved but unpaid at the reporting date are included within creditors where a liability exists.
Expenditure is classified under the following activity headings:
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Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
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Expenditure on charitable activities includes grants payable and cost of activties undertaken to further the purposes of the charity and their associated support costs
h) Investments
Investments are initially recognised at cost and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire or use put options, derivatives or other complex financial instruments.
i) Realised gains and losses
- All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
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Roper Hall Eye Foundation CIO Notes to the financial statements
For the year ended 31 December 2025
1 Accounting policies (continued)
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.
l) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Income from donations and legacies
| Donations Restricted grant from the Barbara Mary Wilmot Discretionary Trust Gift Aid on Donations |
Unrestricted - 633 16 |
Restricted 38,950 - - |
2,025 Total £ 38,950 633 16 39,599 |
2024 Total £ - 10,434 - |
|---|---|---|---|---|
| 649 | 38,950 | 10,434 |
The grants from the Barbara Mary Wilmot Discretionary Trust are restricted to the purchase of equipment for research & education (note 5).
3 Investment Income
| Dividends - Equities Interest – fixed interest securities Fund Administration and others Bank interest |
2025 Total £ 34,417 12,582 1,364 276 48,639 |
2024 Total £ 30,333 18,592 - 373 |
|---|---|---|
| 49,298 |
All of the investment incomes in 2025 and 2024 are unrestricted.
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
4 Analysis of Expenditure
| Alumni Event Bank charges Grants made to institutions (note 5) Independent Examiners fee Restricted Grant expenditure (BMWDT - note 5) Roper-Hall medal costs Roper-Hall Prize medal award Sir Adrian Cadbury Lecture and Award Other Award Small fund awards (note 5) Student Bursaries Treasurer & Secretary honoraria Trustee Indemnity Insurance At the end of the year |
Charitable activities £ 3,600 60 42,665 962 40,710 - 350 662 450 10,000 2,300 1,173 231 103,163 |
2025 £ 3,600 60 42,665 962 40,710 - 350 662 450 10,000 2,300 1,173 231 |
2024 £ 6,576 60 - 875 - 564 350 - - 6,300 400 1,083 231 |
|---|---|---|---|
| 103,163 | 16,439 |
| 5 Grants made to institutions and charities Grants made to institutions (Unrestricted) University of Birmingham (for research into Ophthalmology) Sandwell and West Birmingham Healthcare and Hospitals Charity (for colourful sensory toys for paediatric patients) Sandwell & West Birmingham Healthcare and Hospitals Charity (for NHS Vision & Harmony Festival - Enhancing Patient Wellbeing Through Music) Sandwell & West Birmingham Healthcare and Hospitals Charity (for Optometry/Ophthalmology Patient education videos) Birmingham Women's & Children's Hospital NHS Foundation Trust (for producing educational videos to prepare children for their visit to the Eye Dept.) Sandwell & West Birmingham Healthcare and Hospitals Charity (innovation grant) |
2025 £ 14,000 1,200 5,000 5,000 2,465 15,000 |
2024 £ - - - - - - - |
|---|---|---|
| 42,665 |
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
5 Grants made to institutions and charities (continued)
Restricted Grant expenditure (BMWDT)
An award of £40,710 was made to Sandwell and West Birmingham Healthcare and Hospitals Charity from the restricted grant received from the Barbara Mary Wilmot Descretionary Trust for purchase of equipment for research & education and for purchase of a Remidio Portable Slit Lamp (PSL) & fundus device and a nonmydriatic retinal camera.
Small fund awards
An award of £10,000 was made to Sandwell and West Birmingham Healthcare and Hospitals Charity for BMEC - Sports Engagement & Wellbeing for Young People Impacted by Visual Impairment in partnership with The Albion Foundation.
6 Related party transactions
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).
There was no payment or reimbursement of travel and subsistence costs to a trustees during the year (2024: nil).
Total amount of donations received without conditions from one trustee was £520 (2024: nil).
7 Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
8 Investments
| 8 Investments |
||
|---|---|---|
| Fair value at the start of the year Additions at cost Disposal proceeds Net gain / (loss) on change in fair value Fair value at the end of the year Historic cost at the end of the year Investments comprised: UK Bonds Overseas Bonds UK Equities North American Equities European Equities Japanese Equities Asia Pacific Equities Emerging Equities Global Equities Global Investments Other 9 Accrued income: Gift Aid Receivable Debtors |
2025 £ 1,730,826 299,881 (222,300) 129,675 |
2024 £ 1,612,935 311,702 (291,860) 98,050 |
| 1,938,082 | 1,730,827 | |
| 1,602,904 | 1,461,617 | |
| 207,432 88,830 247,471 716,083 139,977 59,832 147,898 22,895 48,589 33,469 225,606 |
191,938 86,534 252,859 640,012 131,558 54,779 90,918 - - 85,903 196,326 |
|
| 1,938,082 | 1,730,827 | |
| 2025 £ - |
2024 £ 160 |
|
| - | 160 |
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
10 Creditors: amounts falling due within one year
| 2025 2024 £ £ Accruals 3,663 3,575 3,663 3,575 Total funds Restricted Funds £ £ £ Investments 1,938,082 - 1,938,082 1,730,827 - Net current assets 105,468 - 105,468 206,956 1,760 2,043,550 - 2,043,550 1,937,783 1,760 1-Jan-25 Income & gains Transfers £ £ £ £ Restricted funds: 1,760 38,950 (40,710) - Total restricted funds 1,760 38,950 (40,710) - Unrestricted funds: General funds 1,937,783 179,527 (73,760) - 1,937,783 179,527 (73,760) - Total funds 1,939,543 218,477 (114,470) - Retinopathy Project 2025 2024 Expenditure & losses Restricted Funds Unrestricted funds Unrestricted fund Total unrestricted funds Analysis of net assets between funds Movements in funds Net assets at year end |
Total funds £ 1,730,827 208,716 |
|---|---|
| 1,939,543 | |
| 31-Dec-25 £ - |
|
| - 2,043,550 |
|
| 2,043,550 | |
| 2,043,550 |
11 Analysis of net assets between funds
12 Movements in funds
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Roper Hall Eye Foundation CIO
Notes to the financial statements
For the year ended 31 December 2025
12 Movements in funds (continued)
| Total restricted funds General funds Retinopathy Project Total funds Unrestricted funds: Restricted funds: Total unrestricted funds |
1-Jan-24 £ 1,760 |
Income & gains Transfers £ £ £ - - - - - - 160,241 (27,159) - 160,241 (27,159) - 160,241 (27,159) - Expenditure & losses |
31-Dec-24 £ 1,760 |
|---|---|---|---|
| 1,760 | 1,760 | ||
| 1,804,701 | 1,937,783 | ||
| 1,804,701 | 1,937,783 | ||
| 1,806,461 | 1,939,543 |
Purposes of restricted funds
For payments for the purchase of equipment for research & education and for Barbara Mary Wilmot purchase of a Remidio Portable Slit Lamp (PSL) and a Remidio Fundus on Phone Discretionary Trust Non Mydriatic device.
13 Controlling Interests
The Charity is controlled by the Trustees.
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