EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS) (A Charitable Incorporated Organisation)
REPORT OF THE TRUSTEES AND DORMANT FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Charity Number: 1195370
EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Trustees | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS)
CHARITY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023
BOARD OF TRUSTEES: Prof J R O Collin (Chairman) - appointed 29 August 2023 R M J Stewart - appointed 29 August 2023 D H Verity CHARITY CONTACT: D H Verity CHARITY ADDRESS: c/o Moorfields Eye Hospital 162 City Road London EC1V 2PD CHARITY NUMBER: 1195370
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EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report, together with the financial statements of the charity, for the year ended 31 March 2023 and confirm that they comply with the Charities Act 2011, the governing document and the Charities SORP 2019 (FRS 102).
The charity was dormant throughout the year.
Legal and administrative information set out on page 1 forms part of this report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
European Society of Ophthalmic Plastic and Reconstructive Surgery (ESOPRS) is constituted as a Charitable Incorporated Organisation (CIO), as a body corporate under Part 11 of the Charities Act 2011 registered with the Charity Commission for England and Wales on 2 August 2021 (registration number 1195370). The charity is controlled by its governing document, a Deed of Trust.
Trustees
Trustees are legally responsible for the governance and management of the charity. Trustees are responsible for setting strategies and policies and for ensuring these are implemented appropriately. The trustees who have served throughout the year, and since the year end, are shown on page 1.
Risk management
The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes.
OBJECTIVES AND ACTIVITIES
Charitable Objects
The charity's objects are to advance the science and art of ophthalmic plastic and reconstructive surgery and to improve the practice and teaching of this subject in Europe and to raise sufficient funds to make fellowship grants.
Activities
The charity was dormant throughout the year.
FINANCIAL REVIEW
There were no transactions during the year.
FUTURE PLANS
Following the decision to convert to a CIO, this charity is still going through the process of opening bank accounts etc. As soon as this process is complete, all assets and liabilities of the existing ESOPRS charity (registration number 291040) will transfer to this charity (the new CIO).
ON BEHALF OF THE BOARD OF TRUSTEES:
D H Verity - Trustee
23 January 2024
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EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS)
BALANCE SHEET
31 MARCH 2023
2023 2022 £ £ FIXED ASSETS: - - Tangible fixed assets CURRENT ASSETS: Debtors - - LIABILITIES - - Creditors: Amounts due within one year NET CURRENT ASSETS - - TOTAL ASSETS LESS CURRENT LIABILITIES - - FUNDS Unrestricted funds - - TOTAL CHARITY FUNDS - -
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assets of the CIO.
The financial statements were approved and authorised for issue by the Board of Trustees on 23 January 2024 and were signed on its behalf by:
D H Verity - Trustee
The notes form part of these financial statements.
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EUROPEAN SOCIETY OF OPHTHALMIC PLASTIC AND RECONSTRUCTIVE SURGERY (ESOPRS)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Accounting convention
European Society of Ophthalmic Plastic and Reconstructive Surgery (ESOPRS) is constituted as a Charitable Incorporated Organisation (CIO) and is registered with the Charity Commission for England and Wales (registration number 1195370). The charity constitutes a public benefit entity as defined by FRS 102. 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 United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP 2019 (FRS 102)), and the Charities Act 2011. The charity does not meet the definition of a larger charity under the Charities SORP and is therefore exempt from the requirement to prepare a cash flow statement.
The financial statements are prepared in Sterling (£) which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. The irrecoverable element of VAT is included within the item of expense to which it relates.
2. TRUSTEES' AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
The trustees neither received nor waived any remuneration during the year (2022: None).
The charity considers its key management personnel comprise the trustees. Key management personnel are not remunerated.
The trustees did not have any expenses reimbursed during the year (2022: None).
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