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2021-03-31-accounts

Names ofthe charit y trustees who mana y trustees who mana ge the charity
Trustee name Office (ifany) Dates acted ifnot for whole
ear		 Name
to a		 ofperson (or body) entitled
oint trustee
ifan
The Baroness President
1 Fookes of
Plymouth
DBE DL
Mr. Fuad Feddo Chairman
3 Mr. Alan Forrester Honorary treasurer
Mr. Glyn Durrant Membership
secretary
Names ofthe trustees for the charity, Names ofthe trustees for the charity, Names ofthe trustees for the charity, ifany, (for example, ifany, (for example, ifany, (for example, any custodian custodian custodian trustees) trustees)
Name Dates acted if not for whole ear
THE BARONESS FOOKES
FUAD FEDDO
GLYN DURRANT
ALAN DAVID FORRESTER
Names and addresses
ofadvisers		 (Optional information)
T eofadviser
Name		 Address
Bankers
CAF Bank Limited		 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19
4TA
Independent
Examiner
Mr Simon		 Lukies 34/36 Fore St, Bovey Tracey, Newton Abbot TQ13 9AE
Name ofchief executive or names ofsenior staff members
(Optional		 information)
W
~
e		 ~ ~ ~
A		 R
De scription
ofthe charity's trusts
Type ofgoverning
document
Written		 Constitutions 1975,2007 and 2008
.,'-ci. tiifat BBc "I cori, iltlli'ion
i
How the charity is constituted
Trust
i eri,
iriuai, ', asscciatioii
coaiipaiiyl
Trustee selection methods
Appointed		 by the Trustees
i=.c!.apUoiilte'. 1 l3'j
c~l~cte!i i''j)

major risks and risks and the system the Charity
by the Committee.
and procedures to manage
them. Under the terms of the risk management
policy adopted
by the Trustees,
the strategic operational
and financial
risks to which the Charity is
exposed are evaluated
on a continuing
basis and appropriate
systems
have been put in place to mitigate
any major risks which are identified.
The Trustees are satisfied that this policy is sufficient to identify those
risks on a timely basis and to ensure that appropriate
action be taken so
as to keep perceived
risks to an acceptable
level.
a ~ ~ ~
The objects of the Charity
are set out
in its Constitution,
adopted
on
January
22, 1975 as amended
on June 29, 2007 and June 26, 2008.
These
are to
provide
assistance
in
any
form
to current
and
former
patients
alike
of The
Royal
Eye
Infirmary,
Plymouth,
who
are
sick,
convalescent,
disabled,
handicapped,
infirm
or
in need
of support
or
financial
assistance
and
generally
to
support
the
work
of the
said
Infirmary.
The current
activities ofthe Charity encompass
the provision
of specialist
Summary
ofthe objects ofthe
charity set out in its
governing
document		 equipment
to The Royal
Eye Infirmary,
Plymouth
by way of donation.
These donations
are funded
from donations,
legacies, fundraising
events,
gifts in memoriam
and from income generated
from investments
held for
that purpose.
The Charity also provides
canteen
facilities for patients,
staff and visitors
to the Infirmary.
Officers and Committee
Members
do not receive any remuneration
nor
any payment
for services provided.
Expenses off123(2020 - nil) were
incurred to cover the cost of conducting
business
on behalf ofthe
Charity.

It
is the
policy
of the
Trustees
to ensure
adequate
funds
for such
Brief statement
ofthe		 amounts as are appropriate
to provide specialised
equipment
as required
charity's
policy on		 reserves and
for all future
charitable
requirements.
These funds
are anticipated
costs
of circa f150,000 regarded
as
necessary
to
provide
for the
estimated
cost of equipment.
It is also the
policy
of the Trustees
to
maintain
unrestricted
funds,
which are free reserves,
at a level sufficient
to
provide
specialised
equipment
which
may
be
required
in
an
emergency
and to secure the continued
provision
of canteen facilities on
the premises
for a period of at least 12months.
Details ofany funds
in deficit		 materially None
Further financial
review details		 (Optional
information)
You may choose to include
additional
information,
where
relevant
about:
~
the charity's
principal
sources offunds
(including
any fundraising);		 In accordance
with
the
Charity's
constitution,
the
Trustees
have
the
power to invest funds
in any investments
that they see fit. However,
the
policy
is to adopt
a low-risk
strategy
whilst
maximising
returns.
The
Trustees
are satisfied
with the performance
of the investments
held and
that the policy adopted
remains
adequate
and appropriate.
The increase
in the quoted
value of the Charity's
investments
since the beginning
of
the year is reassuring.
It is not intended
to make further
investments
until
~
how expenditure		 has the financial
situation
is more stabilised.
supported
the key objectives
ofthe charity;
~
investment
policy and
objectives
including
any		 The Trustees do not expect any major changes
in the Charity's
objectives
and
charitable
activities
in the
forthcoming
year
and
will
continue
to
provide
an essential
and valued service to the community.
ethical investment policy
adopted.
-
~
~ ~
~ .
~
.
~
Signature(s)
Full name(s) Patricia Durrant Alan F rrester
Position (eg Secretary, Chair, Vice Chairman Honorary Treasurer
etc)
18/01/2022
Charity Charity Charity Name Name Charity No
(if any)
Annual accounts for the eriod CC&7a
Period start date j 01/04l2020 Period end
date		 I 31/03/2021
Restricted
Recommended Details of own e unrestricted income Endowment Total this Total last
categories
by activity		 analysis funds funds funds year year
F E
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incoming resources from
generated
funds		 112,688 112,689 10,793
Voluntary
income		 S01
Activities for generating
funds		 S02
Investment
income		 S03
Incoming resources
from
charitable
activities		 S04
Other incoming resources S05 99,421 99,421 3,917
Total incoming resources sos 212,109 212,110 14,710
Resources expended (Notes 4-8)
Costs ofGenerating
Funds
Costs ofgenerating
voluntary
income S07
Fundraising
trading costs		 S08
Investment
management
costs		 S09
Charitable
activities		 S10 12,683 12,683 4,283
Governance
costs		 S11 536 536 559
Other resources expended S12
Total resources expended s13 13,219 13,219 4,842
Net incomingl(outgoing) resources before
transfers s14 198,890 198,891 9,868
Gross transfers
between		 funds S15
Netincoming/(outgoing) resources before
other recognised gains/(losses) s15 198,890 198,891 9,868
Other recognised
gains/(losses)
Gains and losses on revaluation of fixed assets
for the charity's
own use		 S17
Gains and losses on investment assets S18
Net movementin funds s19 198,890 198,891 9,868
Total funds brought forward S20 590,247 590,247 580,379
Total funds carried forward s21 789,137 789,138 590,247

Restricted
d& Unrestricted income Endowment Total this Total last
OZ funds funds funds year year
E
Fixed assets F01 F02 F03 F04 F05
Tangible assets (Note 9) 801
802
Investments (Note 10) 614,733 614,733 515,312
Total frxed assets 804 614,733 614,733 515,312
Current assets
Stock and work in progress 805
Debtors (Note 11) 806
(Short term) investments 807
Cash at bank and in hand 806 171,069 4,080 175,149 75,679
Total current assets 809 171,069 4,080 175,149 75,679
Creditors: amounts
falling		 due within
one year (Note 12) 810
Net current assets/(liabilities) 81& 171,069 4,080 175,149 75,679
Total assets less current liabilities 812 590,991
Creditors: amounts
falling		 due after
one year (Note 12) 813
Provisions for liabilities and charges 8«
Net assets 8~5 785,802 4,080 789,882 590,991
Funds ofthe Charity
Unrestricted funds e&6 785,802 785,802 586,731
817
Restricted income funds (Note 13) 816 4,080 4,080 4,080
Endowment funds (Note 13) 819
Total funds e20 785,802 4,080 789,882 590,811
85,802
4,0		 80
789,882		 590,811
Signature Print Name Date of
a
roval
Patricia Durrant 18/01/2022
Alan Forrester 18/01/2022
~
~
~
Note 2 Accounting
policies
This standard
listofaccounting
policies has been applied by the charity except for those deleted.		 Where a different or
additional
policy has		 been adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition
of incoming		 These are included
in the Statement of Financial
Activities (SoFA) when:
resources ~
the charity becomes entitled
to the resources;
~
the trustees are virtually
certain they will receive the resources; and
~
the monetary
value can be measured
with sufficient
reliability.
Incoming resources with Where incoming
resources have related expenditure
(as with fundraising		 or contract income) the
related expenditure incoming
resources and related expenditure
are reported gross in the SoFA.
Grants and donations Grants and donations
are only included
in the SoFA when the charity has		 unconditional
entitlement
to the resources.
Tax reclaims on donations Incoming resources
from tax reclaims are included
in the SoFA at the same time		 as the gift to
and gifts which they relate.
Contractual
income and		 This is only included
in the SoFA once the related goods or services have		 been delivered.
performance
related		 grants
Gifts in kind Gifts in kind are accounted
for at a reasonable
estimate oftheir value to the charity or the		 amount
actually
realised.
Gifts in kind for sale or distribution
are included
in the accounts as gifts only when		 sold or
distributed
by the charity.
Gifts in kind for use by the charity are included
in the SoFA as incoming resources
when
receivable.
Donated services and These are only included
in incoming resources
(with an equivalent
amount		 in resources expended)
facilities where the benefit to the charity is reasonably
quantifiable,
measurable
and material.
The		 value
placed on these resources is the estimated
value to the charity ofthe service or facility received.
Volunteer
help		 The value ofany voluntary
help received is not included
in the accounts
but is described
trustees'
annual
report.		 in the
Investment
income		 This is included
in the accounts when receivable.
Investment
gains and		 losses This includes any gain or loss on the sale ofinvestments
and any gain or		 loss resulting from
revaluing
investments
to market value at the end ofthe year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive
obligation
committing		 the
charity to pay out resources.
Governance costs Include costs ofthe preparation
and examination
ofstatutory accounts,
the costs		 oftrustee
meetings and cost ofany legal advice to trustees
on governance
or constitutional		 matters.
Grants with performance Where the charity gives a grant with conditions for its payment
being aspecific level ofservice or
conditions output to be provided,
such grants are only recognised
in the SoFA once the recipient ofthe grant
has provided
the specified service or output.
Grants payable without These are only recognised
in the accounts when a commitment
has been		 made and there are no
performance
conditions		 conditions
to be met relating to the grant which remain
in the control ofthe		 charity.
Support Costs Support costs include central functions
and have been allocated to activity		 cost categories on a
basis consistent
with the use ofresources, eg allocating
property costs by		 floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use These are capitalised
ifthey can be used for more than one year, and cost at least f500.		 They
by charity are valued at cost ora reasonable
value on receipt.
Investments Investments
quoted on a recognised
stock exchange are valued at market		 value at the year end.
Other investment
assets are included
at trustees' best estimate ofmarket value.
Stocks and work in progress These are valued at the lower of cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE

Note 4 Analysis Analysis Analysis Analysis ofresources expended ofresources expended ofresources expended
Resources expended may be further analysed ifthis would help the reader ofthe accounts.
Analysis This year
f		 Last year
Costs ofgenerating
voluntary income
Total
Fundraising trading
costs
Total
Investment
management costs
Total
Charitable activities E ui ment donated to PREI 12,683
Total 12,683
Governance costs Bank char es 123
Insurance 270
Subscri tions/Sundries 143
Total 536