REGISTERED CHARITY NUMBER: 1188345
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
British Oculoplastic Surgery Society
Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
British Oculoplastic Surgery Society
Contents of the Financial Statements for the Year Ended 31 March 2024
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
British Oculoplastic Surgery Society
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 2019).
ACHIEVEMENT AND PERFORMANCE Charitable activities
The charity has this last year been engaged in the organisation of its annual conference and other educational events.
Furthermore, it has, as usual provided access to it's members to an online journal for educational purposes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing constitution and is a Charitable Incorporated Organisation, registered on 4 March 2020 with the registered charity number 1188345.
Risk management
The trustees regularly fulfil their duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and other risks.
Reserves
The trustees regularly review the level of reserves held against expected expenditure. The trustees are confident that the current level of reserves allows the charity to operate in line with its objectives.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1188345
Principal address
c/o The Royal College of Ophthalmologist 18 Stephenson Way London NW1 2HD
Trustees
C J Vize President A McCormick Treasurer K Tambe Secretary D Verity Past president
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British Oculoplastic Surgery Society
Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
Approved by order of the board of trustees on 30 June 2024 and signed on its behalf by:
Trustee
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Independent Examiner's Report to the Trustees of British Oculoplastic Surgery Society
Independent examiner's report to the trustees of British Oculoplastic Surgery Society
I report to the charity trustees on my examination of the accounts of British Oculoplastic Surgery Society (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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.
Stanbridge Associates Limited
Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
Date: .30 June 2024
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British Oculoplastic Surgery Society
Statement of Financial Activities for the Year Ended 31 March 2024
| Notes INCOME AND ENDOWMENTS FROM Membership fees Sponsorships 2 Investment income 3 Total EXPENDITURE ON Charitable activities GENERAL NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted fund £ 172,270 8,336 2,756 183,362 236,032 (52,670) 365,242 312,572 |
2023 Total funds £ 214,558 17,624 0 |
|---|---|---|
| 232,182 | ||
| 181,714 | ||
| 50,468 315,638 366,106 |
The notes form part of these financial statements
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British Oculoplastic Surgery Society
Balance Sheet 31 March 2024
| CURRENT ASSETS Notes Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 7 TOTAL FUNDS |
2024 Unrestricted fund £ 313,297 (725) 312,572 312,572 312,572 312,572 312,572 |
2023 Total funds £ 365,902 (660) 365,242 365,242 365,242 365,242 365,242 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2024 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
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British Oculoplastic Surgery Society
Notes to the Financial Statements for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
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 objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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British Oculoplastic Surgery Society
Notes to the Financial Statements continued for the Year Ended 31 March 2024
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Sponsorships | 8,336 | 17,624 |
| INVESTMENT INCOME | ||
| Bank Interest (£422 from 2023 included) | 2024 £ |
2023 £ 0 |
| TRUSTEES' REMUNERATION AND BENEFITS | ||
| There were no trustees' remuneration or other benefits for the year ended 31 | ||
| March 2024 nor for the year ended 31 March 2023. | ||
| Trustees' expenses | ||
| Trustees' expenses | 2024 £ 0 |
2023 £ 0 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|
| Membership fees | 172,270 | |
| Other trading activities (sponsorship) | 8,336 | |
| Investment income | 2,756 | |
| Total | 183,362 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| GENERAL | 236,032 | |
| NET INCOME | (52,670) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 365,242 |
continued...
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COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES continued
| TOTAL FUNDS CARRIED FORWARD CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 365,242 TOTAL FUNDS 315,638 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 183,362 TOTAL FUNDS 183,362 |
2024 £ 725 Net movement in funds £ (52,670) (52,670) Resources expended £ (236,032) (236,032) |
Unrestricted fund £ 312,572 2023 £ 660 At 31.3.23 £ 312,572 312,572 Movement in funds £ (52,670) (52,670) |
|---|---|---|
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Income & expenditure British Oculoplastic Surgery Society For the year ended 31 March 2024
| Account | 2024 2023 2,334 422included 2024 172,270 214,558 8,336 17,624 182,940 232,604 182,940 232,604 725 660 4,200 40,988 9,267 2,997 657 864 936 276 276 14,443 14,673 915 2,000 49,110 987 29,477 7,000 780 190,537 2,424 300 3,634 4,475 36,010 236,032 182,548 (52,670) 50,056* |
| Revenue | |
| Bank Interest | |
| Membershipfees | |
| Sponsorships | |
| Total Turnover | |
| Gross Revenues | |
| Administrative Costs | |
| Accountancy fees | |
| Advertising | |
| Audio visual | |
| Bank charges | |
| bookkeeping fees | |
| Computer Sundries | |
| Digital agency fees | |
| Donations | |
| Executive meetings | |
| Grants & prizes | |
| Meeting organisation | |
| other costs | |
| Subscriptions | |
| Total Administrative Costs | |
| Surplus/(Deficit) |