REGISTERED COMPANY NUM8ER: 01336067 IEngl¥nd and Wales) REGISTERED C&IARrrY NUMBER: 803S44 ftEpoKf OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 FOR THE BRITISH CONTAcf LENS ASSOCIATION LIMITED J W HinksLLP Chartered Accountants and Statutory Auditor5 19 Highfield Road Edgbaston Birrningham 815 3BH
THE BRITISH C¢IYTAcf LENS ASSOCIATION LIMITED CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees I to 11 Report of the Independent Audltors 12 to 14 Consolldated Statement of Flnanclal Actlvltle5 15 Consolidated Balance Sheet 16 to 17 Parent Charlty Balance Sheet 18 to 19 Notes to the Flnan¢lal Statements 20 to 29
THE BRITISH CONTA LENS ASSOCIATION UMITED IftEGISTERED NUMBER: 01336067) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purpose5 of the Companies Act 2006, present thelr report with the financial statements of the charity and the group for the year ended 31 December 2024. The trustees have adopted the provision5 of Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021 leffertive l January 20191. OBJEcfivES AND AcfiviTIES Objertlves and alms The charity's objectives are to promote excellence in research, manufacture. and clinical practice of contact lenses and anterior eye for patient benefit. The policies adopted in furtherance of the charity's objects are continuin8 dialogue and education amongst eye care professionals. The BCLA continues to offer their members a high-quality educational programme and resources to support their development and practice. both In the UK and internationally. Vision- 8rln8ln8 the global contact lens and anterior eye health communlty together. Mlssion To be recognised as the world'5 leadln8 contact lens and anterior eye community. Through the process of knowledge sharln8, education and networking, BCLA brfn8s expertise from the world of academia and research into the world of the eye health professionals, for the benef it of their patients. The Values of the 8CLA Best practice- striving to improve standards of professlonal and clinical excellence In contatt lenses and anterior eye. Community- bringing together the world of academic research with eye health professionals. Learning - supporting education and professional development to drive progress. Accessible - BCLA is for everyone - if you are passionate about eye care you can join our community. The Councll Members conflrm that in all activities that are delivered they have complied wlth their legal duty to have due re8ard to the Charlty Commission's guSdan¢e on public benefit and meet the BCLA'S oblectives listed above. The BCLA'S alm to educate, interact and promote growth In the field of contact lenses and anterlor eye has the full supp)rt of its members and Is reflected in all the association's actlvitles. These include: the biennial Clinical Conference and Exhlbition, UK and International meetings, continued professional development ICPDI activities, the publication of Contort Lens and Anterior Eye (the journal of the BCLAI, evening scientific meetings (via webinarsl, online certificate courses, and the di55emination and interchange of knowledge and information in the field of contact lense5 and anterior eye. SlgnSfFcant actlvities Success is measured by pre-set KPI'5 for the year. These are related to overall budget, profitability of any conference and membership numbers and retention figures. Not forgetting the 8CLA brand equity, which 15 more difficult to measure. Events BCLA Asla The 8CLA marked an historic milestone with the successful inaugural edition of BCLA ASIA in mainland China. The two-day event took place on March 8-9, 2024, in Chengdu, Sichuan Province, and was jointly organised by BCLA, the Sichuan Association of Optometry and Eye Care, and hosted by West China Hospital, Sichuan University. With a significant turnout of approximately 1,600 attendees, including ISO delegates specifically for the BCLA segment, the forum brought together top experts from around the world to focu5 on critical tOPiC5 such as myopia prevention and control. dry eye treatment, corneal contact lenses and care. and special corneal Contact lense5. Page I
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED {REGISTERED NUMBER: 013360671 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The success of the event not only strengthened communication and cooperation between re8ional and international optometric communities but a150 fostered supportive. professional ties between China and the UK in specialist care within optometry. The BCLA remains committed to advancing 8lobal optometry and the BCLA ASIA programme contributed to the progress of optometry worldwide through shared learning. The event also celebrated the graduate5 of BCLA'S Contact Lens Fitting Continuin8 Education Training CoLJrse, recently delivered in China, who received certificates of completion. At the closing ceremony, Professor Liu Longqian emphasised the forum's significance as a landmark international industry conference in contact lense5, blending innovative views with both Chinese and Western perspectives. Optometry Tomorrow 2024 In¢orporatln8 BCLA Focus We were proud to deliver Optometry Tomorrow 2024 incorporotino BCL4 Focus-an innovative collaboration between the College of Optometrists and the 8CLA. Held from 28-29 April 2024 at the Telford International Centre, the event brought together the College's flagship conference and BCLA Focus for the first time. We were pleased to welcome 789 attendees, the majority of whom were from the UK to this strengthened and more comprehensive programme, which gave eye care professionals 8reater access to CPD, research, and good clinical practice, whlle also bringing a bSgger and more diverse event to delegates. Pro8rammes from both organisations ran alongside each other, wlth 10 tracks in total, includlng 8CLA's own dedicated lecture and workshop streams. This structure allowed attendees to choose from approxlmately 110 CPD sessions across two days, enabling them to gain all their requlred CPD points In the flnal year of the GOC cycle, while benefitting from a diverse mix of lecture stream5 and hands-on workshops. A key therne of the BCLA track was BCLA CLEAR," Presbyopio, with a dedicated session featuring presentations from contributors to the paper, offering delegates direct insight into the latest evidence and thinking In presbyopic care. Myopia was also in focu5 dLJring the joint Charter Lecture, developed in collaboration with the College, which addressed the profession'5 critical role in managing this growing concern. The event played a key role in furthering BCLA'S strategic goal of advancing clinical knowledge and supporting evidence- based practice. Weblnars There were nlne weblnars delivered in 2024, two of which were sponsored, Sponsors included Topcon Healthcare and Coopervision, both of whom also delivered their own weblnars. Council decided to change the 8CLA'5 webinars from being a 8CLA mernber-only benefit to open to all. This resulted in reg15tration and attendee numbers grow considerablv. The total number of registrations over the nine webinars was 1734 of which a total of 1016 attended. The most popular webinar and in fact, highest nurnber of registration and attendees in the BCLA webinar historylll, related to'Keratoconus.' I n practice (How to treat with contact lenses), and wa5 delivered by Bronagh Clarke & Rachel Davison. The webinar had 289 registrations and 175 attendees. All nine webinars were CPD accredited, and certificate5 were sent to all those ellgible, not just BCLA member5. A large number of attendee5 were OVN members INetherlandsl and IACLE members Igloball. These associations promoted the webinar5 on their newsletters to their members. The main audience was optometrists followed by contact lens opticians. The attendance was between 15 and 30 different countries on each webinar with the UK and the Netherlands being the top two countries. Page 2
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 01336067) REporir OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2024 Onllne Leamlng The BCLA launched the new Fundamentals of Contact Lenses Certificate in May 2024, also the Early Career version aimed at pre-reg. international 5tudent5, UK students arbd newly qualified BCLA members. Below are the current number5 for the BCLA courses. 8elow1s an update on the numbers of certificate pa55er5 and currently enrolled and in progress. Dry Eye Certificate passers Early Career Dry Eye Certificate passers Dry Eye currently enrolled Early Career Dry Eye currently enrolled 14 76 14 Myopia Certificate passers Early Career Myopia Certificate passers Myopia currently enrolled Early caer Myopia currently enrolled 16 51 FOCL Cerdficate passers Early Career FOCL Certificate passers FOCL currently enrolled Early Career FOCL currently enrolled io 35 16 Pod¢asts The BCLA has dellvered podcast5 to è growing audience since 2020 with a variety of topics discussed by innovative and knowledgeable experts. In 2024 we presented 7 podcasts throughout the year with having between 60 to IO0+ listeners durln8 the year. We already have a schedLJle In place for 11 podcasts and some ad hoc eplsodes to be published throughout 2025. There wlll be a variety of tOPlC5 like the celebratlon of 30 years on the contact lens psCr[bIng trends surveys, also there is the intentlon to have some podcasts that will be Ilnked to the BCLA Conference & Exhlbition 2025. Membershlp 2024 finished with a total membership of 1,14512023: 1,2311. Whilst this is a fall of 7% on 2023. it follow5 the pattern of previous nonclinlcal conference years. Compared to 2022, the last pre-conference year, membership was up by 3% overall and Full membership by 4%. This trend is expected to continue into 2025. We ran two campaigns in 2024.. an offer of 12 month5 for the price of 10 to attract lapsed members to reinstate and a member get member campaign. Overall, we recruited 29 members, and we will look to run similar campaigns in 2025. In addition, we have been working with 19 student ambassadors to promote student membership which resulted in an increase in Student membership of 127% In December. Whllst this is good news- this Still only represents around 5% of the students on tsptometry course5 and will continue to be a focus of our work in 2025. A notable contributor to the stability in membership was the continued partnership with Vision Expre55, 3 three-year partnership to support Vision Express ECP'S CPD through the membership offer, specifically the certificates in myopia management and dry eye management. Page 3
THE BRITISH CONTACT LENS ASSOCIATION LIMITED IREGISTERED NUMBER: 01336067) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 As the Association 8oes into a clinical conference year the focus tums to harne55ing the increased numbers of members and we will continue to engage with the multiples to improve membership numbers further. The BCLA has a very attractive membership offer and It continues to effectively communicate this at various touch points. l n 2024 there were more engagement initiatives implemented, ensuring that membership benefits are communicated regularly- particularlv in the first year of membership. Rese•rch and guldellnes BCLA CLEAR7.1Contlnued Learnln8 Evldence.based A¢ademl¢ Reports) 8CLA CLEAR," is an important initiative in the eye care profession that continues to influence and Shape practice, globallv. The findin85 are initially published in the BCLA'5 scientific journal, Contt7ct Lens ond Anterior Eye, under open access. Each project has been funded by educational grants from nurnerous companies. The first project, which focu55ed on contact lenses, was published in 2021 and its findlngs have continued to be used, Including the development of clinical prartlce 8uidellnes Ipublication date TBC), and a new certificate in contact len5 fundamentals which launched i n the first half of 2024. The papers have gained an impressive number of download5, over 130,000, and citstlons, over 600, This was followed by BCLA CLEAR- Presbyopia, published in 2024. Already this has attracted respectable figure5. over 30,000 download5 and over SO cltations. Phase is underway and has delivered.. a summary of the findings, multiple translations of the summary, presentations, and CPD articles in the optical media. More resources ore expected in 2025 Ilncluding a certificate In pre5byopial that will make a considerable difference to presbyopic care, globallv. CLAE Journal Contact Lens and Anterior Eye ICLAEI is owned by the BCLA and published by Elsevier and has a truly international feel to it with global readership, internatOnal authors and editorial panel members from all over the world. The Editor-in-chief is Shehzad Naroo IUKI and there are four Associate Editors.. Robin L Chalmers IUSAI,. Pauline Cho (Hong Kongl; Eric Papas (Australial,. and Stephen Vincent (Australia). In 2024 no themed issue were planned because the BCLA CLEAR Presbyopi papers took a full issue. Thi5 Issue collated all the evidence on this tOPlC, 8athered by global experts and presented in one concise issue of CLAE. The authors were a Multi-disciplinary team of optometrists. ophthalmologists, optician5. researchers, vision scientist5 and physicists. A total of 84 authors participated in BCLA CLEAR Presbyopia f rom 19 countries (including 28 from the UK, 15 from the USA and 11 from Australia). A third CLEAR i55ue is planned for 2027 and a call of authors will be made In 2025. This third CLEAR Issue will be on the toplc of Astigmatism and this will include irregular astl8matlsm too. In 2024 the number of new submissions seemed to reach the hei8hts of the lockdown years, wlth 555 new 5ubmlsslons to the journal. In 2025 a themed issue around Speclality Contact Lenses was released in issue l of 2025. Downloads of papers from CLAE are up on previous years and citations show a steady rise too. Chlna now seems to be the largest market for CLAE in terms of new submissions and downloads. The journal Is a peer reviewed journal covering all aspects of contact lens theory and clinical practice and related anterior eye topics. CLAE is an importantjournal in the ophthalmic field and is one of only two peer reviewed Journals specialising in contact len5e5 that has an impact factor (ranked journals). The impact factor is an important measure for a peer reviewed journal. In July 2024 the 2023 impact factors were released, and CLAE ha5 a value of 4.1 ICLAE 15 ranked equal 10th out of 85 ranked ophthalrnology iournalsl, placlng it firmly in the upper quartile of ophthalmic related peer reviewed journals. CLAE has long been the leading contact lens journa15, and out of optometry peer reviewed journa15 CLAE continues to sit in 1st place which 15 a remarkable feat for a 5pecialityiournal competing against journals with rnuch wider remit of paper5. In 2024 CLAE, impact factor rose above journa15 such as the British Journal of Ophthalmology (the off icial journal of the UK Royal Colle8e of Ophthalmologists) and is equal to the American Journal of Ophthalmologv. Page 4
THE BRITISH CONTACT LENS ASSOCIATION UMffED (REGISTERED NUMBER: 01336067) REpoKf OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2024 Strategy di5CU55ions were held with the publisher5 Elsevier and the BCLA throughout the year. CLAE would like to thank the BCLA Council for their continued support of their journal and an enormous thank5 to the author5 and reviewers who work tirele55ly puttlng manuscripts together for publication in CLAE. FINANCIAL REVIEW Flnan¢lal posltlon Finance of the organisation is a key priority, to enable the Association to be able to continue to deliver on the Mission and Vision and serve the membership. The financlal position is monitored monthly to revlew the financial performance year to date against budget and both the trading & cash flow forecasts going forward. The Council are satisfied with the results for the year ended 31 December 2024 and the reserve5 as at that date. The net expenditure for the year in the unrestricted fund amounts to £93,24612023: net income of £204,936). It Is the policy of the charlty that unrestrlcted funds, which have not been designated for a speciflc use, would be maintalned at a level equivalent to 6 months overheads. SIX months budgeted expendlture for 2025 equates to £310,265 and the unrestrlcted reserves carrled forward as at I January 2025 are £251,002. Accordingly, the level of unrestrlcted reserves falls short of the stated reserves policv. FINANCIAL REVIEW Investment pollcy and oblectlves The Councll Member5 have considered the m05t appropriate policy for investing funds glven the highly fluctuating market conditions that existed throughDUt the year. It was unanimously agreed to follow a prudent approach whereby the AssocSation's capital would be safeguarded, and a prudent policy was adopted of investing in low-risk deposit and monev market account5. This pollcy was reviewed at a counc51 meeting In 2019, and still considered reasonable, trlggered by changes in the interest rates, after seeking professlonal advice, council agreed to keep the dlstribution of funds under review. Thls approach continue5. Under the Financial Servlces Compensation Scheme IFSCSI, up to £85,000 per person, per instltution Is now protected If a bank, building society or credit union goes into liquidation. There are currently two Institutions qualify5ng for the FSCS compensation limit of £85,000. Page 5
THE BRITISH CONTA LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 01336067) REpoKf OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS Organisatlonal strategv 2024 was a key year for stabilising activities and delivering new partnership initiatives, including working with the College of Optometrists on 3 conference event, and several partners in China to deliver 8CLA Asia. Both of these event5 delivered successes in several areas, including specialist education and increased brand awareness. The latter 15 important for the growth prospects of the Association. Important work also begun on reform- somethSng that is critical to the 8CL4'5 future. Following a membershlp survey the findings were di5CU55ed at a Strategic workshop where key issues were identified, and numerous pos$5ble solutions took shape. Focus groups with member5 were held and commercial stakeholders were also consulted on the results of the research and propu5ed models. It has been identified that significant change is required, something which will be explored further in 2025. During 2024, the key elements of the overall strate8y contlnued to be delivered. Member5hlp development Aim.. to grow BCLA membership through member service excellence and engagement. Member5 are the lifeblood of any association and the BCLA continues to deliver a strong package of services to keep retention stable. Membership numbers at the end of 2024 were solid, outperforming comparable years, helped bv numerous initiatives to boost recruitment. Thi5 provides a strong Starting polnt going into 2025 when tradltionally there has been afi increase In Membership due to the clinical conference. The shape of the membership offer will play a key part within the reform work underway. with an aim to attract an increasing number of member5. Growth and engagement initiative5 in 2024 included- Re-engagement campaign with lapsed member5 Attendance at external event5, including Spec5over5 PAC and Scothsh Optical Conference, to promote brand awareness and membership offer Promotional offers to non-members that have engaged with a 8CLA initiative Survey of members and non-members to inform the reform activity We wlll Increase awareness of the MBCLA and FBCLA post-nominal letters to help membership drlvlng activity and provide increased visibillty for our expert membership base. Conference Strategy Aim- to ensure BCLA conferences are suitable for the future of the contact len5 Cbtegory 2024 provided a good opportunity to explore partnershlp worklng to deliver the BCLA Focus pro8ramme within the Optometry Tomorrow conference. I n addition to a new way of workin8 It also offered exposure to a wider audience- both in terms of the 8CLA'5 content and programme, and the brand overall. Experlmenting with collaborative initiatives is important to developing the Association'5 ability to work with other5 and also improving our understanding of what works well and what doesn't. The BCLA brings a high degree of expertise that will make a valuable part of any conference programme. Work5hop5 are particularly beneficial, and these wlll be given more focu5 in the future. Looking further ahead the reform process has highlighted new options for delivering the clinical conference. As this is shaped up and finalised it will see us bring together a strategy for future events, which will outline what the conference will look like in 2027 and beyond. Page 6
THE 8RITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 01336067) REpoKf OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2024 Educatlonal programme development Aim: to develop skills, knowledge and behaviours through high quality learning activitie5. Through the Process of knowledge sharin& education and networkin& the BCLA brings the contact lens and anterior eye health community together. The 8CLA has an artlve programme of learning in place that has grown and evolved over the years. Growing this f unction wlll beneflt both membership and non-member revenues. A new certificate based on the research in BCLA CLEAR- Contact Lenses was developed. Fundamentals of Contact Lenses was launched in the first half of 2024 and has had a positive uptake. 'Early career, courses were formally rolled out In 2024 for both the myopla mana8ement and dry eye certificates. These are almed at students and newly quèllfieé eye care professionals with the airn of introducing them to these key areas of eye care and providing an opportunity to galn accreditatlon. These are based on the part A lectures wlth an assessment component that Is aligned wlth ernerging knowledge for new professional5. Change5 are beln8 introduced to the certfficates In 2025 that are aimed to Increase partlcipation and improve completlon rates. Support / infrastructure Alm.. ensure all 5UPPOrt elements have the capability to service the BCLA'S activitie5. To deliver o 8rowth-focused strategy it 15 important to have an appropriate structure In place to 5UPPOrt our activities. Staffing structure is continually reviewed and. if feasiblelappropriate, will be reconfigured. Of equal importance 15 to build a strong sense of purpose for staff through objectives clearly aligned with the objectives of this strategy and the mlssion of the BCLA. The role of BCLA Council 15 critical in two ways.. as trustees that are responsible for setting the overall direction of the BCLA,. and providing expertise that directly contributes to the shape of our products and services. Councll contlnues to play an active rale in the learning pro8ramme and broader activities- somethlng that is vital to delivering a busy work programme. This is bo15tered by a broad committee structure reliant on the contributions of volunteers whlch brin85 its benefits and detractors. Sector expertise is exemplary but equally relying on available time 15 challenging. This work will continue to be monitored with further change expected to follow from the reform work being undertaken. There are numerou5 Systems used to deliver our services. Whilst they are not obsolete yet, it Is important to a55ess thelr suitability to meet our needs in both the short and long term. In 2024 work begun to upgrade the CRM 5VStem, with completion planned In 2025. BCLA awards No awards were made In 2024. Honorary life membership was awarded to Paullne Cho. Page 7
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER.. 01336067) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 1024 STRucfuRE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by its governing document, a deed of trust, and constitutes a limlted company, limited byguarantee, as defined by the Companies Act 2DO6. The charity's objectives are to promote excellence in research, manufacture and clinical practice of contart lenses and related areas. The charlty has a wholly owned subsidiary undertakin8, BCLA Tradin8 Company Limited. This arranges the Assoclation's annual conference and exhibition series and contlnuing education courses. 2018 saw the execution of the updated Memorandurn and Article5, specifically related to Councll Member recruitment, The Council Members, who are also the dlrectors for the purpose of company law, who served during the year and up to the date of signature of the financial statements are recorded in the Trustee5 Report. Or8anisatlonal strurture The day to day running of the charity is the responsibility of the CEO. As stated in the Articles, the CouncillTrustees give the responsibility of running the Association to the Exec Commlttee who are re5pon5ible for all key management decisions and delivery of these tasks are the responsibility Df the CEO. Council meets on a regular basis,. the executive committee have a bi-weekly call to ensure all key activ5ties ore on track. The day-to-day management is delivered by the CEO. L D Stevens-8urt. CEO Executive Committee: N Retallic R K Kapoor S L Farrant D Webley B Huntjens Salary revlews and remuneratlon are decided with the Executlve Committee and benchmarked to external agenclEs. None of the members of the company has any beneficial interest in the charity. All of the Council Member5 are members of the company and guarantee to contribute £1 in the event of a winding up. STRUCTURE, GOVERNANCE AND MANAGEMENT Indurtlon and tralnln8 of new trustees All new trustees undertake an induction within theirfirst year of taking up a post formally at the AGM. This Includes receiving an information pack about: 8overnance ol the As5QCiation, detai15 Qf fellow trustee5, detai15 about the structure of the Association and its key bu5ine55 activities, Priorities and objectives. New trustee5 will a150 meet with key personnel in the Association, including the CEO and President. Fundraisin Statement The Association rai5e5 funds through a corporate sponsorship pro8ramme. These are not Usually donations, but fund5 received in exchange for facilitating engagement with our community of eye care profe55ionals at event5 and through digital plarform5. The Association may at time lead or contribLrte to project5 for the gDod and benefit of eye health. These projects may requi sponsorship which is attained outside of the standard sponsorship programme and provided to the BCLA in support of its role in executing the project and the project deliverable5. No professional fundraisers have been employed to carry out any part of the sponsorship activitie5. Page 8
THE BRITISH CONTAcf LENS AssoaATION UMITED (REGISTERED NUMBER: 013360671 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINisfRATIVE DEfAILS Registered Company number 01336067 IEn8land and Wales) Reglstered Charlty number 803544 Re81stered offlce 201 Haverstock Hill Belsize Park London NW3 4QG Trustees N Retallic D Dutta A J Jackson B Huntjen5 S L Farrant R K Kapoor CSCLIU D Weblev N Ghorbanl Mojarrad - appointed 19 November 2024 R Gll Cazorla - appointed 19 November 2024 I Sexton - appointed 19 November 2024 I S Grewal- resigned 19 November 2024 L Goldsmith- resigned 30 March 2025 C McElduff - resigned 19 November 2024 A Blackman - resigned 19 November 2024 Cornpany secretary L O Stevens-Burt Auditors J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Bimiingham B15 38H Page 9
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 013360671 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Coutts & Co 440 Strand London WC2R OQS CAF Bank 25 King5 Hill Avenue West Malling Kent ME19 4JQ Chlef Executlve Offlcer L D Stevens-Burt STATEMENT OF TRUSTEE5' RESPONSIBILITIES The trustees (who are also the directors of The 8ritish Contact Lens Associatlon Llm ited for the purpose5 of company lèwl are responsible for preparlng the Report of the Trustees and the financial statement5 In accordance wlth applicable law and United Kingdom Accountin8 Standards Iunited Kingdom Generally Accepted Accountin8 Practlcel. Company law require5 the trustees to prepare flnancial statements for each financial year which give a true and falr view of the state of affairs of the charitable company and Df the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financlal statements. the trustees re required to select suitable accounting policies and then apply them conslstently,, observe the methods and princlples In the Charity SORP,. make judgements and estlmate5 that are reasonable and prudent; prepare the flnancial statements on the going concern basis unless it is Inappropriate to presume that the charltable company wlll continue in buslness. The trustees are responsible for keepiw proper accountlng records which di5c105e with reasonable accurary at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply wlth the Companie5 Act 2006. They are also responsible for safeguarding the a55ets of the cfvaritable company ond hence for takln8 reasonable steps for the prevention and detection of fraud and other irregularities. Page 10
THE BRillsH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 01336067) REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES In so far as the trustee5 are aware.. there is no relevant audit information of which the charitable company's auditor5 are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit Informatlon and to establish that the auditors are aware of that Informatlon, AUDITORS The auditors, J W Hinks LLP, wlll be proposed for re-appolntment at the forthcomlng Annual General Meeting. Approved by order of the board of trustees on ,.01 June 2025...,... and signed on its behalf by.. D Webley - Trustee Page 11
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 013360671 REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF ThE BRITISH CONTAcf LEN5 A550CIATION LIMITED Oplnlon We have audited the financial statements of The British Contact Lens A550Ciation Limited Ithe 'charitable company'l and its subsidlary (the 'group'l for the year ended 31 December 2024 whlch comprise the Consolidated Statement of Financial Activities. the Consolidated Balance Sheet, the Parent Charity Balance Sheet and notes to the financial statements includin8 summary of signif icant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statement5.' give a true and falr view of the state of the group and of the charitable company's affalrs as at 31 December 2024 and of its incoming resources and application of resource5, including its income and expenditure, for the year then ended,. have been properly prepared accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006, Basls for oplnlon We conducted our audit in accordance wbth International Standards on Auditlng IUKI11SAs IUKII and applicable law. Our responslbillties under those standards are further described in the Audltor5' responslbllities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requlrements that are relevant to our audlt of the financial statements in the UK. including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we hove obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golnK concem In auditing the financial statements, we have concluded that the trustees, use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertalntles relatin8 to events or conditions that, individually or collectively, may cast slgnificont doubt on the charitable company's ability to continue as a 80ing concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibS1itie5 of the trustee5 Wlth respect to going concern are described in the relevant section5 Of this report. Other Informatlon The trustee5 are responsible for the other information. The other InfoatIOn compri5e5 the information included in the Annual Report, other than the financlal statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 15 materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a rnaterial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 12
THE BRITISH CONTACT LENS ASSOCIATION UMITED (REGISTERED NUMBER: 01336067) REPORT OF THE INDEPENDENT AUDITORSTOTHE MEMBERS OF THE BRITISH CONTACT LENS ASSOCIATION UMITED Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audlt.. the infomation given in the Report of the Trusteesfor the financial year forwhich the financial statements are prepared is consistent with the flnancial statement5- and the Report of the Trustee5 has been prepared in accordance wlth applicable legal requirements. Mattets on whlch we are requlred to report by ex¢eptlon In the light of the knowledge and understhnding of the charlt3ble company and its environment obtalned in the course of the audit. we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respert of the followln8 matters where the Companles Act 2006 requires us to report to you If, in our opinion.. adequate accountlng records have not been kept or return5 adequate for our audlt have not been received from branches not visited by u5,. or the financial statements are not In agreement with the accounting records and returns; or certain disclosures of tru5tee5' remuneration specif5ed by law are not made,. or we have not received all the information and explanations we require for our audit; or the trustees were not entltled to take advantage of the small companie5 exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustee5. Respon51bllltles of tnjstees A5 explained more f ully in the Statement of Trustees, Responsibillties, the trustee5 (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial 5taternents and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financlal statements that are free from material mi55tatement, whether due to fraud or error. In preparing the flnanclal statements, the trustee5 are responslble for assessing the charitable cornpany's abilltyto continue s a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees elther Intend to liquidate the charitable company or to cease operatlons, or have no reallstSc alternative but to do so. Page 13
THE 8RrnSH CONTA LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 013360671 REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF THE BRITISH CONTA LENS ASSOCIATION LIMITED Our responslbllitle5 for the audlt of the fSnanclJl statements Our objectlves are to obtain reasonable assurance aboutwhether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditor5 that includes our opinion. Reasonable assurance 15 a high level of assurance butls not a 8uarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi5Statement when it exist5. Mi55tatements can orise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to Influence the economic decisions of user5 taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularitie5. including fraud is detailed below: Identifying and testlng journal entrles and the overall accounting records, in partlcular those that were significant and unusual. Reviewing the flnancial statement dlsclosures and determlnlng whether accountlng pollcles have been approprlately applied. Reviewln8 and challenging the assumptlons and judgements used by management In thelr slgnlflcant accounting estimate5. Assessing the extent of compliance, or lack of, with the relevant lav and re8ulations. - Te5tin8 key revenue lines, in particular cut-off, for evidence of management bias. Obtainifig third-party Confirmation of material bank balances. Docvmenting and verifying all significant related party balances and transactions. Reviewing docLtmentation such as board minutes for discussions of irregularities includin8 fraud. A further description of our responsibilities for the audit of the financlal statements 15 located on the Flnancial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Audltors, Use of our report Thls report is made 501ely ta the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audlt work has been undertaken so that we might State to the charitable company's members those matter5 we are required to State to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we dp not accept or assume re5ponsi1lltYto anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have formed. 4CQ James Cruse CA, FCCA, 8Sc (Econl Hons (Senior Statutory Auditor) for and on behalf of J W Hinks LLP Chartered Accountants nd Statutory Auditors 19 Hlghfield Road Edgbaston Birmingham B15 3BH tj Page 14
THE BRITISH CONTACT LENS ASSOCIATION UMITED CONSOUDATED sTATEmEr OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable artlvitie5 Conference & exhibitions Member seNces including Journal 173,834 341.999 805,618 329,495 Investment income 11.451 9,956 Total 527,284 1,145,069 EXPENDITURE ON Char5table activltles Conference & exhibltions Member Services includlng journal Seminars and courses 434,831 161,307 24.392 756,482 142.315 41,336 Totol 620,530 940,133 NEf IEXPENDITURE) I INCOME 193,246) 204,936 RECONCIUATION OF FUNDS Total funds brought forward 344,248 139,312 TOTAL FUNDS CARRIED FORWARD 251.OD2 344.248 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activitie5. The notes form part of these financial statements Page 15
THE BRMSH CONTAcf LENS ASSOCIATION LIMITED IREGISTERED NUMBER: 013360671 CONSOLIDATED BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible fixed assets 503 CURRENT ASSErs Debtors Cash at bank 208,756 293,791 232,106 482.101 S02,$47 714,207 CREDITORS Amount5 falling due within one year io (224,7101 1337,1281 NEf CURRE1 ASSErs 277,837 377.079 TOTAL ASSETS LESS CURRENT LIABILITIES 278,781 377,582 CREDITORS Amounts falling due after more than one year li 127.rn) 133,3341 NEf ASSETS 251,002 344,248 FUNDS Unrestrlcted funds 13 2SI,002 344.248 TOTAL FUNDS 251,002 344,248 The notes fom part of these flnancial statements Pa8e 16 continued...
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED (REGISTERED NUMBER: 013360671 BALAN SHEET- continued 31 DECEMBER 2024 These financial statements have been prepared In &cordance with the provisions applicable to charitable companles subject to the small companie5. regime. The financial statements were approved by the Board of Trustees and authorised for Issue on were signed on its behalf by: 01 June 2025 and D Webley - Trustee S Farrant - Trustee The notes form part of these financial staternents Page 17 continued..-
THE 8RITISH CONTAcf LENS ASSOCIATION UMITEO {REGISTERED NUMBER: 01336067) PARENT CHARITY BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSErs Investrnents CURRENT ASSETS Debtors Cash at bank 556,648 292,791 364,934 481.101 849.439 846.035 CREDITORS Amounts falling due wlthln one year io 1188.6141 1245,4531 NEf CURRENT Ass5 fAO,825 6CK),582 TOTAL ASSETS LESS CURRENT LIABILITIES 660,827 600,584 CREDITORS Amounts falling due after more than one year li 127.779) 133,3341 ASSErs 633,048 567,250 FUNDS Unrestricted funds 13 633,048 567,250 TOTAL FUNDS 633,048 567,250 The notes fom part of these flnancial statements Page 18 continued..
THE BRITISH CONTACT LENS ASSOCIATION LIMITED IREGISTERED NUMBER: 01336067) BALANCE SHEET- continued 31 DECEMBER 2024 These flnancial statements have been prepared in accordance wlth the provlslon5 oppllcable to charltoble companles subject to the small companie5, regime. 01 June 2025 The financial ststements were approved by the Board of Trustees and authorised for issue on were signed on its behalf by: .and D Webley Trustee S Farrant Trustee The notes fomi part of these financial statements Pa8e 19
THE BRMSH Co[A LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENT5 The financial statement5 of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 leffective l January 20191,, Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of I relènd, 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. PREPARATION OF CONSOLIDATED FINANCIAL STATEMEK The group finantial statements reflect the results and comblned financial posltlon of The British Contact Lens Association Limited and BCLA Trèding Limited. As permitted by $408 of the Companies Act 2006, the parent charitable company has not presented its own Income and expendlture account and related note5. All intra-group transactions, balances and unalIsed gain5llosses on transactions between group companies are elimlnated on consolidatlon. Where necessary* adjustments are made to the financial statement5 of the subsidiary to bring thelr accountlng policies used into Ilne with those used by the parent charlty. INCOME All income is recognised in the Statement of Financial Activitie5 once the charity ha5 entitlement to the funds,. it 15 probable that the income will be received, and the amount can be measured reliably. Membershlp and conference income is included in the financlal statements on an accruals ba5[5. Investment Income is Included in the financlal statement5 when recelvable. EXPENDITURE Liabilltie5 are recognised as expenditure as soon as there Is a legal or constructive obligation committing the charitv to that expenditure, it is probable that a transfer of economic benefits will be required in settlement ènd the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headin85 that aggregate all cost5 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. Resources expended include attr5butable VAT which cannot be recovered when incurred by the charity. Governance costs include organisational management and compliance with constitutional and statutory requirements. Grants offered subject to conditions which have not been met at the year-end date are noted a5 a commitment but not accrued as expenditure. TAXATION The charity is exempt from corporation tax on its charitable activities. Page 20 continued...
THE BRinsH CONTAcf LENS ASSOCIATION LIMITED NOTESTOTHE FINANCIALSTATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2014 ACCOUNTING POLICIE5- continued FUND ACCOUNTING Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restricted purposes within the objects of the charity. Restriction5 arise when specif led by the donor or when funds a raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is included in the notes to the financial statements. TANGIBLE FIXED ASSETS Depreclation is provided at the following annual rates in order to wrlte off each asset over its estimated useful lrfe: Website development- 33% on cost Flxtures & fitting5- 20% on cost PENSION COSTS AND OTHER POST.RETIREMENT BENEFITS The charltable company operate5 a deflned contribution pension scheme. Contrlbutions payable to the charitable company's pension scheme are charged to the Statement of Flnancial Activities in the perlod to which they relate. FINANCIAL INSTRUMENTS The charity has elected to apply the provisions of Section 11 '8asic Financial Instrument5, and Section 12 'Other Flnancial Instruments Issue5, of FRS 102 to all of it5 financial instrurnents. Flnanclal Instruments are recognised in the company'5 balance sheet when the company becomes party to the contrartual provlslons of the instrument. Financlal assets and liabilities are offset, with the net amounts presented In the fTnancial statements, when there Is a legally enforceable right to Set off the reco8nised amounts and there 15 an intention to settle on a net basis or to reallse the asset and settle the liability simultaneously. 8a51c financlal assets Basic flnancial assets, which Include debtor5 and cash & bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transactlon, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial asset5 classified as receivable within one year are not amortised. Bask flnanclal Ilabilltles Basic financial liabllities, including creditors and loans from fellow group companies are initially recognlsed at transaction price unle55 the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a Market rate of interest. Financial liabilities classified a5 payable withi n one year are not amortised. Debt instrument5 are subsequently carried at amortised cost, using the effective interest rate method. Page 21 continued..
THE BRITISH CONTA LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued FOREIGN CURRENCIES A55ets and liabilities In foreign currencies are translated into sterlln8 at the rates of exchange ruling at the balance Sheet date. Transattions in foreign currencle5 are translated into sterling at the rate of exchange rullng at the date of transaction. Exchange differences are taken Into account In arriving at the operating result. FINANCIAL INSTRUMENTS Trade creditors are obligatiorls to pay for goods or seNces that have been acquired in the ordlnary course of business from suppliers. Amount5 payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as rnon-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortlsed cost using the effective interest method. INVESTMENT INCOME 2024 2023 Interest received 11.451 9,956 INCOME FROM CHARrrABLE AcfiviTIES 2024 Total actlvltlfjs 2023 Total actlvitie5 Subscrlption and Journal income Conferences and exhibitlons 341.999 173,834 329,495 805,618 515,833 1,135,113 Page 22 continued...
THE BRITISH CONTACT LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENOED 31 DECEMBER 2024 INCOMEIIEXPENDrruREI Net Intome/lexpenditurel Is stated after chargingllcrediting).. 2Q24 2023 Audltors, remuneration 13,593 13,159 TRUSTEES, REMUNERATION AND BENEFITS During the year ended 31 December 2024, two trustees were reimbursed a total of £1,71812023: £1,089 across two trustees) in respect of travel expenses. During the year ended 31 December 2024. one trustee received a total of £15012023.. £7501 in respect of Speaker fees and 2 trustees recelved a combined total of £50012023: £nlll In respect of contributlons towards certificates. STAFF COSTS Z014 2023 Wa8e5 and salaries Social security c05tS Other pension costs 201.793 20,348 15.648 198,930 20,894 14,158 237,789 233,982 The average monthly number of employees durlng the year was as follows.. 2024 2023 Admlnlstration Dlrect charitable expenditure The number of employees whose employee benefits (excluding employer penslon costs) exceeded £60.000 was: 2024 2023 £80,001- £90,000 £90,001- £100,000 The key management personnel of the group received employee benefits in the year of £90,49912023: £82,075). Page 23 continued...
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSEfs- CONSOLIDATED Website Development Fixtures & Fittings Totals COST At l January 2024 Additions Disp05als Reclassificatlon 31,425 5,514 575 36,939 575 At 31 December 2024 31,425 6.089 37,514 DEPRECIATION At l January 2024 Charge for year Eliminated on disposal Reclassification 31,425 5,011 134 36.346 134 At 31 December 2024 31,425 5,145 36,570 NEf BOOK VALUE At 31 Oecember 2024 At 31 December 2023 503 503 The parent charity does not hold any tangible fixed assets, Page 24 continued..-
THE BRMSH CONTAcf LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 FIXED ASSET INVESTMENTS- PARENT CHARITY Shares in 8roup undertakings MARKET VALUE At l January 2024 and 31 December 2024 NEf BOOK VALUE At 31 December 2024 At 31 Oecember 2023 There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the followlng: BCLA Tradlng Company Llmlted Registered offlce.. England and Wales Nature of bu5ine55: Conference and exhibition hosting Cla55 of share: Ordinary holding 2024 2023 Aggregate capital and reserves Proflt / Ilossl for the year 1382,0441 Is9,} 1223,0001 112,416 DEBTCK¢S: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Ch•rlty 2024 2023 2024 2023 Trade debtor5 Amount5 owed by group undertaklngs Other debtor5 Prepayments 20,340 65.130 15.000 499.170 2,478 40,000 45,000 271.740 2,478 45.716 20,773 167,643 33.202 133,774 208,756 232,106 556,648 364.934 Pa8e 25 continued.
THE BRITISH CONTAcf LENS ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS - c¢tInued FOR THE YEAR ENDED 31 DECEMBER 2024 io. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR Group Charlty 2024 2023 2024 2023 Trade creditors 8ank loan5 Social security and other taxes Other creditor5 Accrua15 and deferred income 3,438 5,556 4,945 12,455 5,556 5,114 1,912 312,091 451 5,556 2,899 1,912 234.635 5,556 2,684 2,000 177,967 208,771 224,710 337.128 188,614 245,453 Deferred income relates to grant and subscrlption income, whereby subscribers pay an annual fee. Accruals and deferred income include deferred Income of £149,86712024.. £254,888) whlch will be released Into the Statement of Financial Activities during the year ended 31 December 2025. ii. CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR Group ChJrlty 2024 2023 2024 2023 8ank loans 27,779 33,334 27,779 33,334 27,779 33,334 17,779 33,334 LOANS. CONSOLIDATED An analysis of the moturity of loans is given below: 2024 2023 Bank loans- less than l year 5,556 5,556 Bank loans - 1-2 years 5.556 5,556 Bank loans - 2-5 years 16,667 16,667 Bank loan5 more than 5 years by instalment 5.556 ii.iii The Group took out a Bounce Back Loan on 16 November 2020. Interest is payable at 2.5% per annum. The loan is repayable by instalments and is due to be fully repaid 10 year5 after initlal drawdown. Page 26 continued...
THE BRMSH CONTAcf LENS ASSOCIATION UMITED NOTESTO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 13. MOVEMENT IN FUNDS - CONSOLIDATED Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 344.248 193.246) 251,002 Ti7fAL FUNOS 344,248 93,246) 251,002 Net movement in funds, included In the above are as follows: Incomln8 resources Resources expended Movement in funds Unrestrlcted funds General fund 527,284 1620,5301 193,2461 TOTAL FUNDS 527.Z84 620,5301 93,2461 Comparatlves for movement sn funds Net movement in funds At 31.12.23 At 1.1.23 Unrestrlcted lunds General fund 139,312 204,936 344,248 TOTAL FUNDS 139,312 204,936 344.248 Comparative net movement in funds, included in the above are a5 follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 1,145,069 1940,1331 204,936 TOTAL FUNDS 1,145.069 1940,1331 204,936 Page 27 continued...
THE BRMSH CONTACT LENS ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. MOVEMEKt IN FUNDS- PARENf CHARtrY Net movement In funds At 31.12.24 At 1.1.24 Unrestrfcted funds General fund 567,250 65,798 633,048 TOTAL FUNDS 567,250 65,798 633,048 Net movement In funds, included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestrfrted funds General fund 353,448 1287,6501 65,798 TOTAL FUNDS 353,448 1287,650) 65,798 Comparatlves for movernent In fund5 Net movement in funds At 31.12.23 At 1.1.23 Unrestrlrted funds General fund 474,730 92,520 567,250 TOTAL FUNDS 474,730 92,520 567,250 Comparative net movement in funds, included in the above are as follow5.. Incoming resources Resources expended Movement in funds UnrestTlcted funds General fund 339.449 1246.9291 92,520 TOTAL FUNDS 339,449 1246,9291 92.520 Page 28 continued...
THE BRITISH CONTAcf LENS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. RELATED PARTY DISCL05URES Durlng the year ended 31 December 2024 the Group incurred administration expenses of £5,12012023: £nlll from SB Squared Llmited, a cornpany In which the Group CEO, L D Steven5-8urt, is also a dlrector. Page 29