Friends of Bristol Eye Hospital Trustees, Annual Report and Financial Statements For the Year Ended 28 February 2025 Charity Registered in England and Wales Number: 274349
Friends of Bristol Eye Hospital Contents For the Year Ended 28 February 2025 Page Reference and administrative information TrLJStees' annual report Independent examiner's report Statement of financial activities 10 Balance sheet Notes lo the accounts 12-17
Friends of Bristol Eye Hospital Trustees, Annual Report For the Year Ended 28 February 2025 Trustees Kevin Abbey Richard Adams Carole Brooke Gail Glew Dinah Harrison Kay Mccluskey Chairman Ben Phipps Retired 15 May 2024 James Reddish Retired 15 May 2024 Simon St Leger-Harris Treasurer Heather Walker Retired 15 May 2024 Jennifer Ward Co-opted 27 November 2024 Secretary Registered Address Friends of Bristol Eye Hospital Lower Maudlin Street Bristol BS12LX Charity number 274349 Independent Examlner Michelle Ferris FCA Albert Goodman LLP 5th Floor, 25 King Street Bristol BS14PB Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Co-operative Bank Ltd PO Box 250 Delf House Southway Skelmersdale WN8 6WT PrOdud by Albert Goodman LLP Page 1
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 The trustees present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The charity's object is the advancement of health and the relief of suffering of the sick for the benefit of the public by the making of grants or the provision of such other assistance to Bristol Eye Hospi181 IBEHI as BEH may request and as the trustees may in their absolute discretion see fit. The charity does not contribute lo core services for which the NHS is responsible. Revlew of actlvltles and achlevements Friends of Bristol Eye Hospital had another successful year in meeting our objective of supporting the work of BEH and helping its patients. Vve continue lo derive our income from membership subscriptions, donations, legacies and fundraising aclivilies. Thanks lo our many loyal and generous supporters, we continue to improve the care, treatment and comfort of patients, by providing for that which is beyond NHS resources. Vve had eight grants in progress al the start of the year. During the year, BEH submitted applications for nine new grants, all of which the trustees approved. We have paid £102,944 for 11 grants including.. Employment of a Physician Associate As reported last year, The Royal College of Ophthalmologists conducted a one-year pilot to develop a training programme for physician associates in hospital eye Servi8, to support the increasing demand for ophthalmology Servi$. Physician associates are healthcare professionals who work alongside doctors. To enable BEH to participate in this pilot scheme, we funded the salary of one physician associate from November 2023 to November 2024. After training, the physician associate at BEH was able to undertake tasks which improved efficiency and reduced waiting limes. This pilot helped to assess how a physician associate could support a mulli- disciplinary team working in ophthalmology services, thus contributing to the delivery of ophthalmic care. It gave BEH the welcome benefit of an extra pair of hands for twelve months, especially helping lo manage the flow of patients through the eye examination hub, with patients, eye examinations being recorded by non-medical staff so that the data can be assessed by doctors remotely. Ocular Response Analyzers BEH currently uses icare tonometers to measure patients, intraocular pressures. The check is required because an elevated pressure could be a symptom of certain eye conditions. notably glaucoma. The Friends have frequently purchased tonometers for BEH. A new alternative device, the Ocular Response Analyzer {ORAI, provides clinicians with more insighttul information and which may be less expensive in the long term. Following positive initial trials, BEH asked us lo purchase two ORAS to further test the concept. If these tests confirm the anticipated advantages, we may well be asked lo provide more. Video to explain eye tests for Special Needs Children Children with special needs are 28 times more likely to have serious eyesight problems than other children. PrOdud by Albert Goodman LLP Page 2
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 Regular eye checks are vital, bul il is much better rf hospital staff can visit these children in the familiar environment of their own schools. We funded a film to explain to parents and teachers how the tests are done. The tests include games and toys lo distract and relax children, enabling staff to complete the examinations and prescribe appropriate glasses so children can see better, which helps their development, education and behaviour. Some children may still need to visit the hospital for more complex lesls. A special area is sel aside for children, with colourful pictures on the walls and an aquarium, which we purchased in 2011 and have maintained ever since. Vldeo to Inform patlents about Cataract Surgery The clinical team al BEH asked whether we might fund a video that would better inform patients of what to expect when they re referred for cataract surgery. This would improve the quality of consultations and potentially reduce the time staff spend explaining the processes in clinic. It would also "showcase the hospital's brilliant cataract service" We were happy lo help. The video was produced by the NHS Medical Illustrations Team and is narrated by BEH consultant ophthalmologist Omar Elhaddad. Video showing what to expect if undergoing Macular Surgery We paid for a film to show patients undergoing macular surgery what to expect after such surgery. A patient, who had been unable to find any such information before his operation, drew diagrams of the procedure and sent them to the surgery team in the hope that they could benefit future patients. The NHS Medical Illustration team developed a film which included the animated diagrams that can now be shown to patients. All three of these videos can be seen via links on our website. Thomson Test Charts for the Ophthalmology Service in Weston The ophthalmology service al Weston General Hospital IWGHI includes paediatric ophthalmology clinics. Expanding the service in Weston means families don't have to travel to Bristol for their care and allows precious resources lo be used al BEH for Brislol-area patients. The WGH service wanted to install additional digital vision testing charts in the Seashore Ipaediatricl oulpalienl department, which would ensure that all clinical rooms can be ulilised for ophthalmology clinics. We purchased three Thomson charts, complete with mini PCS and 24. clinical quality LCD monitors including infrared control and wall mounting brackets. New Murals on Level 3 in BEH We funded the painting of new murals on Level 3. These are intended lo boost the morale of patients and their families, and offer a momentary distraction from their time in the hospital, which may be stressful or anxiety inducing. According to the charity Paintings in Hospitals, "Art can help us slay well, aid our recovery from illness and injury, and support us lo live longer, more fulfilling lives. The murals were designed and painted by Lizzy Naden, who is both an ophthalmic technician at BEH and a professional visual artist. Autumn Ball for Hospital Stsff We subsidised the costs of an Autumn Ball for BEH staff. We were especially keen to ensure the cost of attending was affordable for all staff. Ophthalmologist Panos Maghsoudlou, who co-organised the event, thanked Ihe Friends saying that the evening was well attended, hugely popular and a truly memorable occasion, bringing people together in celebration and support of our shared cause. Panos also obtained sponsorship for the event from medical suppliers Haag Slreil and Veni Vidi. PrOdud by Albert Goodman LLP Page 3
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 We were also pleased to offer a banking setvice to collect money from stsff buying tickets and the other sponsors and to pay invoices for the event. Takagi Motorised Chair for Vitreoretinal Treatment We replaced an Ophthalmic Chair which had broken beyond repair. This vital equipment is needed lo ensure that patients are in the correct position for vitreorelinal injections. It is in constsnt use to provide vision-saving treatments for 30 patients per day, 6 days per week. Refurbishment of Doctors. Mess We contributed towards the cost of refurbishing the Doctors, Mess and Library in the hospital. This area is used for administrative work, clinical audit and as a space for taking breaks and resting while on call. The NHS funded some of the work including the purchase of new comfortable seating and storage lockers. We paid lo install and plumb a new sink, water boiler and refrigerator which the NHS could not prioritise ahead of other demands for expenditure on clinical equipment or projects with health and safety risks. The new Spa directly benefits the BEH'S 30 doctors including registrars, clinical fellows and specialists. Staff kitchen area refurbishment We had last refurbished the staff room and kitchen in 2009 so il was, not surprisingly, showing signs of general wear. 11 had also suffered from two major water leaks and some of the kitchen cupboards had been damaged beyond repair. The room is used by a much higher number of staff members than previously and was no longer fil for purpose. With the hospital trust currently only supporting urgent requests land predominantly those relating to clinical areas), we approved a request for new equipment, cabinets and wipe-clean worktops, a sofa and the removal and replacement of tiles with hygienic wall cladding. We also paid for warranties and service contracts on the Topcon Optical Coherence Tomography Maestro bought in 2023 and the new Ocular Response Analyzers, some Prayer Mats for the Staff Quiet Room and we continued lo pay for more Posture Aids for retinal patients recovering at home, maintenance of the aquarium in the children's ward, indoor plants and the patients, courtyard garden. Details of these grants Iwilh some pholographsl are available on our website and in In Sight. Al the year-end, there were five grants which had been approved bul not yel paid lor fully paid). These have a total potential cost of £52,602. Trustees and their advisers held six formal meetings either online or in person and continued to manage the charity efficiently while working remotely. 13 members allended our AGM in the hospital and online on 15 May 2024. The Chairman noted that we had had our besl-ever year for grants made to BEH tolaling £202,949 including a grant of £83,750 for an Electrophysiology System for which the sadly missed Dr Paul Spry, Head of Optometry, had been the inspiration. His legacy lives on through the generosity of all our supporters, fundraisers and those who have left us funds in their Wills which enables us to make so many grants to benefit patients for years to come. She also thanked our trustees who were standing down at the AGM.. Heather Walker, James Reddish and Ben Phipps. Heather Walker had been one of our longest-slanding trustees having become a trustee only two years after the Friends started. Heather was Membership Secretary in the early years and continued lo help with secretarial work whenever needed but her major contribution throughout her 45 years, service was her key role in organising the many events held to raise much-needed funds for the Friends. She was a joy lo work wtth and will be greatly missed. James Reddish was a Iruslee for six years, giving support on our social media and governan, becoming chair of our governance sub-commillee in 2021. We were so pleased lo have his expert knowledge but unfortunately his workload for the Charity Commission limited his ability lo contribute fully and attend PrOdud by Albert Goodman LLP Page 4
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 meetings so he fell he must retire. However, he kindly offered lo give advice whenever we need it, so we have not lost touch. Ben Phipps is the service lead in optometry for Medical Retina Services at BEH. He became a trustee in 2021,. his knowledge and guidance were invaluable to the non-medical trustees Ithe majorityl. explaining the function of medical equipment for which grant applications had been submitted and why help with funding was needed. No further elections or re-elections of Iruslees were required under Rule 7. The Chair concluded her presentation at the AGM with an appeal for new Iruslees, a new chair of our G0Veman sub-committee and a new Treasurerwhen Simon stands down in 2025. Kay Mccluskey, Carole Brooke and Simon Sl Leger-Harris were re-elected as our Chair, Secretary and Treasurer respectively al our Iruslees, meeting on 17 July. (Normally these elections are made at the trustees, meeting immediately following our AGM, bul this had been inadvertently ovedooked.) We were delighted to welcome Richard Adams as a new co-opted trustee in November 2024. Richard is a retired engineer from Rolls Royce. He is an active member of the Rolls-Royce Heritage Trust and the South Gloucestershire Museums Group. We also invited Jim Duggan onlo our Finance subcommillee in November. Jim was appointed as our Treasurer when Simon Sl Leger-Harris stepped down from this role on 1 March 2025. Jim is a retired partner of our accounlanls Albert Goodman., as he is still working for Albert Goodman part-time, he has not become a trustee lesl this give rise to a conflict of interest with his firm. We welcomed Lona Jawaheer as the BEH Consultant Representative attending trustees, meetings. We thank Cathy Williams for carrying out this role for us for several years. We also thank Mark Stevens, Helen Bowden and Sarah Swift of BEH for their advice and input to our decision making and the many other hospital staff who assist us. We migrated our database for members and supporters lo a new system. Vve reviewed and updated the following governan documents during the year.. Role Descriptions for the Chair, Publicity Officer, Secretary and Trustees., the Events subcommittee Terms of Reference and our Conflicts of Interest Policy. We maintain an ongoing Internal Financial Controls Review. We held a SUC$sful wine-tasting evening for over 50 supporters in the Clifton Club on 19 September 2024. The event raised a profit of £1,070. We thank Clifton wine merchants D8M Wines who hosted the sold-out event and thank everyone who contributed to its success including donations from those unable to attend. Vve thank two supporters who raised funds for us this year.. Kalarzyna Jedrysiak raised £250 by organising a sponsored 10k run along the River Avon with five hospital staff from different departments. Kal was very happy with how the event went and said she was "proud of all of us and hopes lo run more events for us in futsjre" Simon St Leger-Harris held house parties for friends and family to lebrate his 70th birthday. In lieu of presents, he requested donations in favour of the Friends and raised £1,736. Vve are very grateful for legacies from the estates of James Barrell, Letly Fleming, Vera Lawrence, Cora Maslen, Peter Maslen and Florence Whillingham and donations in memory of Ken Farlie, Jonathan Forster, Jane Murrish, Muriel Rogers. Brian Tooth, Kenneth Williams and the parents of Sarah Harrison. Generous donations were received during the year from.. TK Maxx and Homesense Foundation, which allows employees lo nominate a charity they feel passionate about., Rotary Club of Wringlon Vale, with thanks to Ivor Melherell for nominating us and adding a personal donation,. Rotary Club of Yatton Trust Fund: Hoddell Charitable Trust- and from many individuals who often wrote appreciative comments about the care and treatment they had received in BEH. Some of these comments can be read on our website or in In Sight. We have received several further donations from Star Legal Solicitors whenever they have been unable to trace all the beneficiaries nominated in a Will. Funds that they have been unable to allocate have been donated to us on condition that we would refund them in the event of a beneficiary being found and PrOdud by Albert Goodman LLP Page 5
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 validated. The total of these donations have been treated as 'Designated Funds, and held in reseNe. We gratefully acknowledge again these donations from Star Legal Solicitors. In August 2024 we received a legacy of £10,000 transferred to us by an executor using Donorbox which incurred a charye of £295 for using a debil card. It proved impossible lo recover this loss. We amended our website lo direct executors or others transferring money lo us Iralher than individual donorsl lo contact us first to discuss the most cost-effeclive method of transfer. We also placed a maximum donation of £500 thus also encouraging anyone making a large donation to contact us first. We had a collecting box stolen from BEH. It was snatched off its chain in front of staff. We no longer keep collecting boxes on public display. Donations must be plad in the secure box built into the main reception desk and staff have been briefed to direct donors lo that box. Our total income for the year was £214,680 and expenditure was £112,056 including £102,944 on grants. To facilitate the management of receipts and payments for the BEH Autumn Ball, we acted as a banker for almost all the transactions. We were happy to do this to assist staff, however il means that our accounts contain income and expenditure Ibolh amounting lo £3.1651 which are not strictly about our financial aclivilies. Excluding this sum shows that our total net income is £211,515 and our net expenditure £108,891. Our net income is significantly higher than last year {£34,575} largely because legaryes lotalled £171,145. However, even if we exclude legacies and the Staff Ball income, our other net income is higher this year than last, amounting to £40,370 compared with £29,325. Individual donations, Gift Aid, interest, event and fundraising revenue were all higher some significantly. Vve are always very grateful lo all our donors and fundraisers, past and present, and those who leave us legacies in their Wills. Kay presented information about the Friends to a BEH staff audit meeting on 21 March 2024. It was a great opportunity lo tell stsff about us and how we help BEH'S staff and patients. RLJSS Willey, a website and social media expert, designed our new website in 2020 and has assisted with website content since then. In 2024, we increased the scope of his work to write and post more articles, photographs and videos on our website and on our Facebook and Instagram accounts. We thank him for his work which we greatly appreciate.. Vve closed our account with X (formerly Twitter), which had acquired a reputation for promoting unreliable and offensive information, with which we do not wish lo be associaled. We had very few participants and decided that X offered little or no benefit for us. Further details of our 801ivities. including grants made, are described on our website and in In Sight which is circulated to members and other supporters who request it. In Sight is also available throughout BEH, on our website or to anyone on request. Public benefit The Iruslees confirm they have complied with their duly to have due regard lo the Charity Commission's guidan on public benefit in relation lo the objectives and actions of the charity. The trustees are satisfied and confident that the charity s activities directly further ils charitable purposes and provide clear benefits to its beneficiaries, as demonstrated above. The charity s beneficiaries include any and all patients of the Bristol Eye Hospital and its staff. FINANCIAL REVIEW Reserves Policy The reserves carried forward £288,698 {2024 £186,074) are held in readily disposable investments and cash, for distribution as grants as required. At the balance sheet date, the charity had funding commitments of £52,602. In addition to funds set aside to pay for grants already approved but not yet paid, the trustees consider it appropriate lo hold free reserves to cover the sum of one year's expected future operating costs, one year's regular gffinls and any designated funds. PrOdud by Albert Goodman LLP Page 6
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 Vvhilsl the lolal funds al the end of the year exceed this amount. the Iruslees do not consider the reseNes to be excessive and they will continue to approve and pay for grants out of these available reserves. No funds are held as custodian trustee. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity was established on 13 April 1977. The charity is unincorporated- it is controlled by ils governing document, a deed of trust, which was most recently updated on 18 May 2017 and approved by the Charity Commission on 12 July 2017. The Iruslees have resolved to permit members who are not Iruslees to authorise payments from our bank accounts. All payments lo third parties require two signatures of those aulhorised. Once finalised, the goveming document will be amended for approval by members and the Charity Commission. Oryanisational structure The charity is managed by trustees. There must be al least six and not more than twelve trustees. One third of the Iruslees retire al the end of each Annual General Meeting and are eligible for re-election for a term of three years. Trustees elect a Chairman (who musl be one of their number} and a Secretary and a Treasurer, all for fixed periods. A Chairman may not serve as such for more than six years. Any member of the Friends who is eligible lo be a trustee may sland for election al an Annual General Meeting. The Iruslees may, during the year, co-opt any eligible member to be a Iruslee to serve until the next Annual General Meeting, al which he or she may stsnd for election by the members. The charity has three sub-commillees Ifor Events, Finance and Governance}, all of which have formal Terms of Referen as required by our goveming document. The charity has several further volunteers, including some hospital staff who advise the trustees. We thank all our volunteers for their hard work and commitment. The charity has no employees. Risk management The Iruslees have a duly to identify and review the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Statement of Trustees, Responsibilities The truslees are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Stsndards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. 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 stale of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Iruslees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the basis that the charity is a going concern unless fc is inappropriate to presume so. PrOdud by Albert Goodman LLP Page 7
Friends of Bristol Eye Hospital Truslees, Annual Report For the Year Ended 28 February 2025 The Iruslees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the trust deedlconslilulion. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the trustees on and signed on their behalf by Kay Mccluskey Trustee PrOdud by Albert Goodman LLP Page 8
Friends of Bristol Eye Hospital Independent Examiner's Report For the Year Ended 28 February 2025 Independent examlners report to the Trustees of Frlends of Brlstol Eye Hospltal I report lo Ihe Iruslees on my examination of the accounts for Friends of Bristol Eye Hospital l.the charity.) for the year ended 28 February 2025. Responsibilities and basis of report As the charity trustees of the charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 1"Ihe 2011 Acf'l. I report in respect of my examination of the charity s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 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 charity as required by section 130 of the 2011 Act., or 2. the accounts do not comply with these records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts sel 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 lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Michelle Ferris BSclHonsl FCA DChA Albert Goodman LLP 5th Floor, 25 King Street Bristol BS1 4PB Date.. PrOdud by Albert Goodman LLP Page 9
Friends of Bristol Eye Hospital Statement of Financial Activities For the Year Ended 28 February 2025 Total Unrestricted Funds 2025 Total Unrestricted Funds 2024 Note Income from.. Donations and legacies Other trading activities Investment income Gift aid 193,655 8,110 9,432 3,483 22,097 1,825 8,682 1,971 Total incomg 214,680 34,575 Expenditure on: Raising funds Charitable activities 6,674 105,382 2,207 203,343 Total expenditure 112,056 205,550 Net incomel lexpenditure) & net movement in funds 102,624 1170,975) Total funds brought fomard 186,074 357,049 Total funds carrled forward 288,698 186,074 Produ by Albert Goodman LLP Page 10
Friends of Bristol Eye Hospital Balance Sheet As at 28 February 2025 2025 2024 Note Non-current assets Investments Current assets Stock Debtors Cash at bank and in hand Investrnents 557 33,297 84,870 187.217 348 5,557 44,370 152.155 305,941 202.430 Liabilities Creditors falling due within one year 10 117,2431 (16,356} Net current assets 288,698 186,074 Net assets 288,698 186,074 The funds ofthe charity Unreslricled funds.. General funds Designated funds 11 11 272,792 15,906 177,582 8,492 Total charity funds 288,698 186,074 The notes on pages 12 to 17 form part of these accounts. Approved by the TrLJStees on and signed on their behalf by: K Mccluskey Trustee PrOdud by Albert Goodman LLP Page11
Friends of Bristol Eye Hospital Noles to the Financial Statemenls For the Year Ended 28 February 2025 Accountlng Pollcles Basis of preparation The financial slalemenls have been prepared in £ sterling on the historic cost basis and in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP {FRS 10211. The charity meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy. Income Income recognised in the period in which the Charity is entitled to receipt and the monetary value of income can be measured with sufficient reliability. Bequests and legacies are included when entitlement is estsblished, it is probable that the amount will be received, and the amount receivable can be estimated with sufficient accuracy. Where conditions for recognition have not been mel, the legacies are disclosed. Dividends are recognised on the due date for payment and interest on a receivable basis grossed up for any recoverable taxation. Expendlture Liabilities are recognised as resources expended as soon as there is a legal or conslruclive obligation commitiing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of raising funds comprise the fees paid lo the investment managers in connection with the management of the Charity's investments together with any other costs associated with the holding of investment assets. Charitsble activities include all direct and indirect costs incurred by the Charity in meeting its charitable objectives. Benefits payable are payments made lo third parties in the furtheran of the charitable objectives of the Charity. Benefits payable are included in the Statement of Financial Activities when approved by the Trustees and the intended recipient has either received the funds or has be8n informed of the decision to pay the benefit. Where conditions are allached lo the b8nefil, the benefits are accounted for when either the recipient has a reasonable expectation that they will re1ve the benefit and any condition attaching lo it is outside of the control of the Trustees or the conditions attaching to the benefit have been fulfilled. Governance costs comprise all costs incurred in running the charity itself as an organisation, and its compliance with regulation and good practice. The Charity is not registered for VAT and irrecoverable VAT is aggregated with the expenditure on which it is incurred. PrOdud by Albert Goodman LLP Page 12
Friends of Bristol Eye Hospital Noles to the Financial Statemenls For the Year Ended 28 February 2025 Realised gains and losses All gains and losses are taken lo the Stslemenl of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value lor pUhase date if later}. Unrealised gains and losses are ¢al¢ulaled as the differen between the market value al the year end and opening market value lor purchase dale if later). Realised and unrealised gains are not separated in the Stslemenl of Financial Activities. Investments Non-currenl asset investments comprise savings bonds with a maturity dale of more than one year from the balance sheet dale. Current asset investments comprise instant access savings bonds, wilhdrawable at short notice or which reach maturity within one year of the balance sheet date. Debtors Accrued income is recognised at the settlement amount due whilst debtors relating to accrued interest are recognised when unconditionally due and reasonable assurance can be gained they will be received. Cash at bank and In hand Cash at bank and in hand comprise cash on hand and call deposits, and other short-tem highly liquid investments that are readily convertible to 8 known amount of cash and are subject lo an insignificant risk of change in value. Credltors 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 seltle the obligation can be measured or eslimaled reliably. Creditors and provisions are recognised al their selllemenl amount. Grants that meet the recognition criteria set out in note 1.3 but have not been paid as al the year end are recognised as a liability. Taxation As a registered charity, the charity is not liable lo corporation tax lo the exlenl that income and gains are applied lo charitable aclivilies. 1.10 Funds General funds are unrestricted funds receivable or generated for the objects of the charity without specified PLJrpose and are available as general funds. Designated funds are those set aside by the Trustees for specific purposes. PrOdud by Albert Goodman LLP Page 13
Friends of Bristol Eye Hospital Noles to the Financial Statements For the Year Ended 28 February 2025 Donations and legacies 2025 2024 Donations Legacies Subscriptions 22,215 171,145 295 16,512 5,250 335 193,655 22,097 As at the year end, the charity had been notified of material legacies which have not been induded in the Statement of Financial Activities due to the conditions for recognition not being mel. These consist of two legacies lotalling approximately £74,00012024- none). Other trading activities 2025 2024 Cards sale Collection boxes Give as you live Other fundraising income Events 622 379 71 1,874 5,164 806 294 108 617 8,110 1,825 Investment Income 2025 2024 Interest from banks and investments 9,432 8,682 9,432 8,682 Raising funds 2025 2024 "In Sight. magazine Christmas card costs Website and other publicity Fundraising costs Event costs 710 331 1,276 603 3,754 768 414 158 21 6,674 2,207 PrOdud by Albert Goodman LLP Page 14
Friends of Bristol Eye Hospital Noles to the Financial Statemenls For the Year Ended 28 February 2025 Analysis of charitable expenditure 2025 2024 Grant funding (Note 71 Support and govemance costs (detailed below) 102,944 2,438 200,949 2,394 105,382 203,343 Included in support and govgrnanco Costs: 2025 2024 Membership subscription Travel expenses and postage Bank charges Accountancy 879 443 60 410 646 730 464 60 445 695 Independent examination - Accountancy 2,438 2,394 Grants payable Aquarium Maintenance Refurb of Doctors, Mess Employment of a Physician Associate Indoor Plant Maintenan Posture Aids1281 Refurb QA Staff Kitchen Video for Orthoptics (Special Needs Children) Cataract Pathways Film Printing Bri¢k Mural Poster Ocular Response Analyzers12} Mural on Level 3 Prayer Mats Thomson Test Charts for WGH BEH Staff Autumn Ball Garden Maintenance Topcon OCT Maestro2 Warranties Ocular Response Analyzers Warranties Video for Macular Surgery Tagaki UN-21 Fully Motorised Chair 581 1641 29,333 1,296 1,869 13,296 2,000 3,000 24 27,043 2,500 99 4,785 1,400 291 6,300 990 2,625 5,576 102,944 All grants paid are lo institutions with none paid lo individuals. Not included in the grants payable note above is approximately £52,602 which relate to grant payments agreed in principle. This amount hasn't been recognised as an expense and liability as the timing and value of these payments are uncertain. Produ by Albert Goodman LLP Page 15
Friends of Bristol Eye Hospital Noles to the Financial Statemenls For the Year Ended 28 February 2025 Investments 2025 2024 Fixed rale cash held on deposit 187,217 152,155 Split as.. Non-current asset investment {due > 1 yearl Current asset investment (due < 1 yearl 187,217 152,155 187,217 152,155 All investments are held to provide a retum for the charity. Debtors 2025 2024 Other debtors Accrued income Prepayments 24,464 8,753 80 5.557 33,297 5,557 10. Analysis of current liabilities 2025 2024 Other creditors Accruals 16,235 1,008 15,396 960 Totsl 17,243 16,356 PrOdud by Albert Goodman LLP Page 16
Friends of Bristol Eye Hospital Noles to the Financial Statements For the Year Ended 28 February 2025 11. Analysis of charitable funds Fund blfvid. 01.03.24 Fund c1fv4d. Income Expenditure 28.02.25 Unrestricted funds.. General funds Designated funds- Star Legal 177,582 8,492 207,266 1112,0561 7,414 272,792 15,906 Total 186,074 214,680 1112,056) 288,698 Analysis of charitable funds - 2024 Fund blfwd. 01.03.23 Fund clfwd. Income Expenditure 29.02.24 Unrestricted funds.. General funds Designated funds- Star Leg81 354,484 2,565 28,648 1205,550) 5,927 177,582 8,492 Total 357,049 34,575 1205,550} 186,074 General funds are for use by the charity for general charitable objectives. The Star Legal designated fund was created by the trustees lo recognise amounts donated to the charity by Star Legal Solicitors who, when acting as Execvlors, have been unable to trace all the beneficiaries nominated in a Will. Funds that they have been unable to allocate have been donated on condition that they would be refunded in the event of a beneficiary being found and validated. The amounts are therefore held in their own reserve. 12. Trustees and employees The charity has no employees. and hence none that receive remuneration of over £60,000 (2024.. none). Three trustees were paid expenses of £245 in the year12024'. one trustee was paid expenses of £961. PrOdud by Albert Goodman LLP Page 17