Charity Regtstration No. 288424 LEAGUE OF FRIENDS OF THE 50UTHAMPTON EYE UNIT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LEAGUE OF FRIENDS OFTHE SOUTHAMPTON EYE UNIT LEGAL AND ADMINISTRATIVE INFORMATION Trustees B Gate5man (Chairman) S Palmer Isecretaryl J Dixon M Collins S Mcconnell K Pope D Callaghan lappointe(J 28104120251 Charlty number 288424 Prin¢lpal address 315 Romsey Road Southampton Hampshire S0164BW IndependÈnt examiner Mandalr & Co Partnership House 84 Lodge Road Southamptgn S014 6RG LEAGUE OF FRIENDS OFTHEsoufHAMPTON EYE UNIT CONTENTS Page Trustees, Report Independent examiner's report Statement of financial activitie5 Balance sheet Notes to the accounts LEAGUE OF FRIENDS OF THE SOUTHAMPTON EYE UNIT TRUSTEES, REPORT FOR THEYEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting polScSes set out in note I to the financial statements and comply with the charity's rules, the Charities Act 2011 and AccountlTI8 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 IFR51021 (effective January 20191" Objectives and activities The overriding objectives of the Charty as Set out in the constitution are- al to 5upplernent the seNiee of the Southampton General Hospltal Eye Care Unit for the health, welfare and comfort of the patients by the provision of facilities and equipment which may be for the treatment of such patients, or for the runnins of the Eye Care Unit and- bl to provide, or assist in the provision of, amersities in the Eye Care Unit for patients and staff. The tea bar at the entrance provides refreshment for patients, staff and visitors to the Eye Care Unit. This is achieved by a pool of loyal volunteers and raises funds for the beneflclaries of the League of Friends. No other fundrai5in8 activities were carried out during the year. The trustees have pai(1 due regard to guidance issued by the Charity Commission in deciding what activities ihe harity should undertake. Achlevement5 and performance The tea bar wa5 able to continue trading throughout 2024 without any dlsruptlon. There were no table top sales, events or sale of donated goods during 2024. Contributions by way of purchasin8 equipment costing £46,875 have been made by the League of Friends during the year to the Eye Unit12023 £4571. LEAGUEOF FRIENDS OFTHE SOUTHAMPTON EYE UNrr TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 financial Review- Principal funding sources The League's principal funding usually comes from the running of the tea bar. however it also receives funding from donations, legaties, tollection boxes and also fundraising events. although there were no events held in 2024 Investment policy Aside from retaining a prudent amount in re5e*ve5, the League's funds are invested in a COIF Deposit Fund administered by CCLA Fund Managers Limited. ReseThes poll¢y The trustees have examined the CharFty's requirements for rese￿eS in light of thè main risks to the Charty. It has ￿tablished a policy to maintain sufflclent funds to pay any tosts as they arise. At 31 December 2024, the level of unrestricted reseNe was £35,064 with bank balances of £36,384 which are considered to be adequate. No long term liabilities are undertaken. Plans for firture perlods The League will continue to raise funds to help finance projert5 in accordance wf(h ts objecttves. It Is anticipate(I that the level of funds will need to be bulit-up again following over years of the tea bar not being able to operate. It Is the polity of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditu￿. The trustee5 consider that reserves at this level will ensure that, in the event of a signrficant drop in fundin& they will be able to continue the charity's CLTrrrent activities while considerationls glven to ways In which additional fvnds may be raised. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that system5 are in place to mitigate exposure to the major risks. Structurej governance and rnanagement The trustees who seNed during the year and up to the date of signature of the finanoal 5tatefflents were: B Gatesman (Chairman) S Palmer Isecretaryl J Dixon M Collins S Mcconnell K Pope D Callaghan lapwinted 28104120251 The report was approved by the Board of Trustees. B Gatesman Trustee and airman Dated: LEAGUE OF FRIENDS OF THE SOUTHAMPTON EYE UNIT INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF LEAGUE OF FRIENDS OF THE SOUTHAMPTON EYE UNIT We report on the financial statements of the charity for the year ended 31 December 2024, which are set out on pages 4 to 9. Respectlve responslbilities of trustees and examiner The charity'5 trustee5 are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for thi5 year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination should be carried out. It is our responsibility to.. lil examine the financial statements under section 145 of the 2011 Att,. lill to follow the procedures laid down in the general Direciions given by the Charity Commission under section 14515llbl of the 2011 Act.. and liill to state whether particular matters have come to our attention. Basis of independent examlner's report Our examinaiion was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented wtth those records. It also includes consideration of any unusual ttems or disclosures in the financial statements, and seeking explan3tion5 from you as trustees concerning any such matters. The procedures urtdertaken do not provide all the evidence that would be required ITh an audit and consequently no opinion is given as to whether the financial statements present a'true and fair view, and the report is lirnited to those matters set out in the next statement. Independent examiner's statement We have completed our examinètion. Wè confirm that no mat@rlal matters have come to our attention in conneo with the examination givins us cause to believe that in any material a5pect-. l accounting records were not kept in respect of the charity a5 required by section 130 of the Act: or 2 the accounts do not accord with those records- or 3 the accounts do not comply with the applicable requirements concerning the form and content of the atcounts set out in the Charlties IAc¢ounts anLt Reports) Regulaiion$ 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. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to this report in order to enable a proper understanding of the accounts to be reached ,Lla £. L Mandair & Co Chartered Accountants Dated: 13 IL, LEAGUE OF FRIENDS OFTHE SOUTHAMPTON EYE UNIT ATEMENT OF FINANCIAL AcrivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Income from: Donations and legacÈes Charitable activities Othertrading attivlties Investments Gift aid 2,866 1,197 375 52,853 411 74,977 411 Totsl Income 78,254 54,836 Expenditure on: CharÉtable activities Governance costs- accountancy and reporting 90,111 480 37,934 260 90.591 38.194 Net IDeficitl/Surplus for the year / Net movement In funds 112,3371 16,642 Fund balances at l January 2024 47,401 30,759 Fund balan￿ at 31 December 2024 35,064 47,401 The statement of financial activities includes all gains and losses recognised in the year. All Incorne and expenditure derwe from continuing activities. LEAGUE OF FRIENDS OF THE SOUTHAMPTON EYE UNIT BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Current Assets Funds Dn deposit Cash at bank and in hand 8,433 27,951 8,022 40,219 36.384 48,241 Credltors,, amounts falllng due within one year 11,3201 18401 Net Current Assets 35,064 47,401 Income Funds Unrestricted funds 35,064 47,401 B Gatesman Trustee and C irman LEAGUE OF FRIEND5 OFTHE SOUTHAMPTON EYE UNIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poliaes Charity infomiation League of Friends of the Southampton Eye Unit is a Chartty registered in the United Kingdom as charity number 288424. 1.1 Accountlng conventlon The financial statements have been prepared in accordan￿ with the Charity's constitution, the Charities Art 2011 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Staftdard applicable in the UK and Républic of I￿18nd IFRS 1021 (effective l January 20191". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the 50RP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Prattice which is referred to in the Regulations but which has since been withdrawn. The financial statemertts 3rè prepared in sterlingi which is the functional cur￿ncY of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared underthe historical cost convention. The principal a¢￿UntIng policies adopted are set out below. 1.2 Golng concern At the time of approvin8 the financial statements, the trustees have a reasonable expertation that the charity has adequate resources to continue in operational existence for the for￿eeable future. Thus. the trustees continue to adopt the going Concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the di5cretlon of the trustees in furtherance of their charitable objectives. Restricted funds are subjett to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the note5 to the financial statements. Endowment funds are subject to specwric conditions by donors that the capital must be maintained by the charity. LEAGUE OF FRIENDS OFTHE SOUTHAMPTON EYE UNIT NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 l Accounting policies Icontinuedl 1.4 Incoming re50ur¢es Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash (lonations are recognised on receipt. Other donations are reco8nised once the charity ha5 been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gtft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated a5 a contingent asset. 1.5 Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT whlch cannot be fully recovered, and is reported as part of the expenditure to which it relates.. Costs of generating funds comprise the costs a￿otIated wlth attrarting voluntary income and the costs of fundraising. Charitable activities comprise those costs incurred by the charlty in the delivery of its activities and services for its beneficiaries. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to è particular activity are allocated dÉrertly, others are apportioned between activities in line with their respective proportion of income received. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid investments whh original maturities of three month5 or less. and bank overdrèfts. Bank overdrafts are shown within borrowings in current liabilities. Donatlon$ and legacles 2024 2023 Donation5 (collection box) Donations other 41 2,825 45 1,152 2,866 1,197 LEAGUE OF FRIENDS OFTHE SOUTHAMPTON EYE UN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 3 Charitable activites 2024 2023 Tea Bar trading 74,977 52,853 4 Other fundraising artlvltles 2024 2023 Sale of equipment Raffles 375 375 Investment$ 2024 2023 Bank interest recewed 411 411 6 Charitable a¢tivities 2024 2023 C05t of goods sold & Tea Bar equipment Volunteer travel expenses for Tea Bar ContribLrtion forlequipment purchased for The Eye Unit BT phone costs PrSntln& postage & stationery Repairs & maintenance Office expenses Bank charges Insurance software and expense Equipment leasing costs 37,675 539 46,873 15 232 609 1,329 1,616 96 1,022 105 32,365 1.012 457 113 86 726 1,597 460 413 705 90,111 37.934 LEAGUE OF FRIENDS OF THE SOUTHAMPTON EYE UNIT NOTESTO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 7 Credltors.. amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 1320 840 1,320 840 8 Trustees None of the trustees lor any persons connected with them) received any remuneratlDn or benefits from the charity during the year. 9 Employees There were no employees during the year12023 nonel. 10 Related party transartions There were no disclosable related party transactons duriii8 the year12023 none).