**REGISTERED COMPANY NUMBER: 1191256 (England and Wales) REGISTERED CHARITY NUMBER: CE023014**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for UKISCRS
Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
UKISCRS
## Contents of the Financial Statements for the Year Ended 31 December 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||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|to|12|
UKISCRS
Report of the Trustees for the Year Ended 31 December 2022
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 December 2022. 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
UKISCRS exists to:
1) Promote education and research in the field of cataract and refractive surgery and to advance and promote the study and practice of ophthalmology and research and the dissemination of the useful results thereof.
2) Promote experimental work in the field of cataract surgery, intraocular lens implantation and refractive surgery and the dissemination of results thereof.
## 3) Promote training in cataract and refractive surgery.
4) Communicate with its members and wider ophthalmic community.
Founded in 1976, UKISCRS is one of the oldest implant societies in the world. UKISCRS has an active membership of over 400 doctors from the UK and Ireland as well as a number of international members. UKISCRS is at the forefront of promoting education and learning in cataract and refractive surgery. UKISCRS is a limited company by guarantee and is a non-profit making organisation. It is administered by the Council, which comprises the Trustees, the Officers and elected representatives from the membership.
## UKISCRS holds two conferences every year.
## Conferences
The first in May, the Cornea & Cataract Day, is a sub-speciality meeting preceding the RCOphth annual meeting, to enable delegates & faculty to easily attend both meetings. This meeting attracts approx. 80 - 100 delegates across different grades, 10 faculty and 15 industry exhibitors. It is a 1-day meeting.
The second is the autumn Congress and is the main meeting of the Society. It is a 3-day meeting attracting young ophthalmologists who have their own dedicated Dry Lab and teaching sessions. We run a 1-day session, including hands-on learning, to professions allied to ophthalmology and a 2-day symposia aimed at trainee and consultant ophthalmologists. The sessions cover refractive, cataract and cornea and include debate, interactivity, panel discussions and peer-led education. The Congress has a poster display, a rapid-fire free paper session, and an expert video session. The meeting attracts approx. 200-300 delegates across all grades, 25 faculty (including many from overseas) and 32 industry exhibitors.
## Council meetings
UKISCRS holds a minimum of three council meetings per year in January, May and Autumn. Other ad hoc council and committee meetings (approx. 6/annum) are arranged as required and delivered over Zoom.
## Trustee meetings
The Trustees meet face to face three times a year and at other times as required and delivered over Zoom. They will receive refresher/update training in the role, function and obligations of being a Trustee of a UK Charity.
## **Public benefit**
The trustees are meeting their public benefit requirement by ensuring the general public benefit directly from the work undertaken by the charity, detailed in its objectives.
Page 1
UKISCRS
for the Year Ended 31 December 2022
## Report of the Trustees
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
Annual meeting 2022: 19 – 21 October 2022
The annual meeting attracted 162 registered delegates and 36 exhibitor trade stands with over 80 representatives in attendance. The congress was held as a ‘safer event’ still in line with pandemic measures. We reduced our carbon footprint by not inviting international speakers, having a digital programme and using recyclable congress materials. The venue had a ‘green’ policy which worked in line with our ethos on sustainability. The programme covered education for our trainee grades, allied professions and consultant attendees. It was interactive and innovative. The closing session was a video and lecture delivered from the Ukraine about how the health service had been affected by the war. The programme was voted 98% Good – Very Good by the delegates.
## C&C day 2023: Monday 22nd May 2023
The C&C day this year was a huge success in terms of the highest number of registered delegates we have received to date. The average attendance has been approx. 80 delegates, but we achieved 125. The delegate evaluation delivered very positive feedback and marked the faculty lectures highly. The industry exhibition was sold out and the representatives were very happy with the value for money/ROI on this meeting.
## Annual Congress 2023
We have a new venue for the November 2023 meeting, in London. UKISCRS have traditionally held the annual congress in London every 5 years however Covid delayed this as the last time we were in London was in 2016. We hope to draw a bigger delegation and attract a wider audience in line with our 2023/2024 strategic growth strategy.
## Donation
As a Charity, and Educational Ophthalmic Society, the UKISCRS Council donated £5,000 towards the ESCRS restricted fund to support Ophthalmology in Ukraine and our Ukrainian colleagues. Our thoughts are very much with them and we extend our respect and admiration for continuing to carry out their vital work within a population that now needs them more than ever.
## **FINANCIAL REVIEW**
## **Financial position**
Last year, the charity was gifted £113,865 from UKISCRS, a former limited company (prior to obtaining charitable status).
Net income was £24,162 (2022 £111,794, loss of £2,071, excluding the gift) for the period.
At the year end bank reserves amounted to £136,649 (2022 £109,783).
## **Reserves policy**
It is the policy of UKISCRS to have reserves to cover a failed annual meeting. This is currently set at £100,000 and is reviewed annually.
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.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a constitution of a Charitable Incorporated Organisation, dated 11th September 2020.
Page 2
UKISCRS
Report of the Trustees for the Year Ended 31 December 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
There shall be a minimum of three charity trustees and no maximum number who may be appointed. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee or charity trustees.
Charity trustees shall serve for a term of four years and shall be eligible thereafter to be re-elected for one further term of four years, subject to ratification at an AGM.
No one may be appointed as a charity trustee
(i) unless he is a member of the CIO, or
(ii) if he or she would automatically cease to hold office under the provisions of clause 16(1)(d).
(b) No one is entitled to act as a charity trustee until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
1191256 (England and Wales)
## **Registered Charity number**
CE023014
## **Registered office**
Little Badgemore Henley Oxfordshire RG9 4NR
## **Trustees**
C O Peckar (resigned 21.10.22) Professor D J Spalton Dr P Rosen M Pande (appointed 21.10.22)
## **Independent Examiner**
Stuart Kellner FCA Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
Approved by order of the board of trustees on 18 October 2023 and signed on its behalf by:
Dr P Rosen - Trustee
Page 3
Independent Examiner's Report to the Trustees of UKISCRS
## **Independent examiner's report to the trustees of UKISCRS ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting 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
4. 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.
Stuart Kellner FCA
Dufton Kellner Limited Chartered Accountants Barnston House Beacon Lane Heswall Wirral Merseyside CH60 0EE
18 October 2023
Page 4
UKISCRS
Statement of Financial Activities for the Year Ended 31 December 2022
||||Period|
|---|---|---|---|
||||11.9.20|
|||Year Ended|to|
|||31.12.22|31.12.21|
|||Unrestricted|Total|
|||funds|funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||12,375|159,549|
|**Charitable activities**||||
|Annual meeting||129,948|124,880|
|Cornea & cataract day||36,816|-|
|Webinars||950|11,675|
|Investment income|2|-|3|
|**Total**||180,089|296,107|
|**EXPENDITURE ON**||||
|**Charitable activities**||||
|Annual meeting||87,700|107,956|
|Cornea & cataract day||6,806|-|
|Webinars||2,275|7,774|
|ESCRS membership fees||||
|||19,307|15,916|
|Other||39,839|52,667|
|**Total**||155,927|184,313|
|**NET INCOME**||24,162|111,794|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||111,794|-|
|**TOTAL FUNDS CARRIED FORWARD**||135,956|111,794|
The notes form part of these financial statements
Page 5
UKISCRS
## Statement of Financial Position 31 December 2022
|31.12.22
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
6
1,092
**CURRENT ASSETS**
Debtors
7
1,815
Cash at bank
136,649
138,464
**CREDITORS**
Amounts falling due within one year
8
(3,600)
**NET CURRENT ASSETS**
134,864
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
135,956
**NET ASSETS**
135,956
**FUNDS**
9
Unrestricted funds
135,956
**TOTAL FUNDS**
135,956|31.12.21
Total
funds
£
1,092
17,835
109,783
127,618
(16,916)
110,702
111,794
111,794
111,794
111,794|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2023 and were signed on its behalf by:
P Rosen - Trustee
The notes form part of these financial statements
Page 6
UKISCRS
Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **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 corporation 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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
|||Period|
|||11.9.20|
||Year Ended|to|
||31.12.22|31.12.21|
||£|£|
|Deposit account interest|-|3|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the period ended 31 December 2021.
continued...
Page 7
UKISCRS
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||funds|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|159,549|
|**Charitable activities**||
|Annual meeting|124,880|
|Webinars|11,675|
|Investment income|3|
|**Total**|296,107|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Annual meeting|107,956|
|Webinars|7,774|
|ESCRS membership fees||
||15,916|
|Other|52,667|
|**Total**|184,313|
|**NET INCOME**|111,794|
|**TOTAL FUNDS CARRIED FORWARD**|111,794|
## **5. INDEPENDENT EXAMINERS REMUNERATION**
The independent examination fee is £3,000 plus VAT.
## **6. FIXED ASSET INVESTMENTS**
The fixed asset investment represents a presidential jewel, which is shown at cost.
## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Trade debtors|1,815|17,580|
|Prepayments and accrued income|-|255|
||1,815|17,835|
continued...
Page 8
UKISCRS
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accruals and deferred income
**9.**
**MOVEMENT IN FUNDS**
At 1.1.22
£
**Unrestricted funds**
General fund
111,794
**TOTAL FUNDS**
111,794
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
180,089
**TOTAL FUNDS**
180,089
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
296,107
**TOTAL FUNDS**
296,107|31.12.22
31.12.21
£
£
3,600
16,916
Net
movement
At
in funds
31.12.22
£
£
24,162
135,956
24,162
135,956
Resources
Movement
expended
in funds
£
£
(155,927)
24,162
(155,927)
24,162
Net
movement
At
in funds
31.12.21
£
£
111,794
111,794
111,794
111,794
Resources
Movement
expended
in funds
£
£
(184,313)
111,794
(184,313)
111,794|
|---|---|
continued...
Page 9
UKISCRS
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
Page 10
UKISCRS
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
|||Period|
|||11.9.20|
||Year Ended|to|
||31.12.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|-|113,865|
|Donations|-|551|
|Subscriptions|12,375|45,133|
||12,375|159,549|
|**Investment income**|||
|Deposit account interest|-|3|
|**Charitable activities**|||
|Annual meeting|130,203|124,880|
|Cornea & cataract day|36,561|-|
|Webinars|950|11,675|
||167,714|136,555|
|**Total incoming resources**|180,089|296,107|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Annual meeting costs|87,700|107,956|
|Cornea & cataract meeting costs|6,806|-|
|Webinar costs|2,275|7,774|
|ESCRS membership fees|14,307|15,916|
|Donations|5,000|-|
||116,088|131,646|
|**Support costs**|||
|**Finance**|||
|Bank charges|80|165|
|Paypal fees|755|1,986|
||835|2,151|
|**Governance costs**|||
|Insurance|514|469|
|Computer expenses|1,195|2,326|
|Accountancy fees|3,600|4,200|
|Legal & professional fees|-|5,700|
|Secretarial fees & expenses|33,695|37,821|
||39,004|50,516|
This page does not form part of the statutory financial statements
Page 11
UKISCRS
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
|||Period|
|||11.9.20|
||Year Ended|to|
||31.12.22|31.12.21|
||£|£|
|Total resources expended|155,927|184,313|
|**Net income**|24,162|111,794|
This page does not form part of the statutory financial statements
Page 12