report of the trustees and unaudited financial...

REGISTERED CHARITY NUMBER: 274349

REPORT OF THE TRUSTEES ANDUNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2013

FORTHE FRIENDS OF BRISTOL EYE HOSPITAL

M W Medical2 Westbury Mews

Westbury HillWestbury-on-Trym

BristolBS9 3QA

THE FRIENDS OF BRISTOL EYE HOSPITAL

CONTENTS OF THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 28TH FEBRUARY 2013

Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

Detailed Statement of Financial Activities 10


REPORT OF THE TRUSTEESFOR THE YEAR ENDED 28TH FEBRUARY 2013

The trustees present their report with the financial statements of the charity for the year ended 28th February 2013. Thetrustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting byCharities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILSRegistered Charity number274349

Principal address

Lower Maudlin StreetBristolBS12LX

TrusteesA Barrington ChairmanM Donovan Vice ChairmanD Harrison SecretaryDHillH WalkerE AnnesleyRBallJ BevanB FearnA GreerKReadP TurnerS St Leger-Harris TreasurerT Davidson

Independent examinerM W Medical2 Westbury MewsWestburyHillWestbury-on-TrymBristolBS9 3QA

BankersNational Westminster Bank86 Bedminster ParadeBristolBS3 4HP

EVENTS SINCE THE END OF THE YEARInformation relating to events since the end of the year is given in the notes to the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENTGoverning documentThe charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Organisational structureThe charity is managed by a committee consisting of a secretary and treasurer and not less than nine nor more thanthirteen other committee members.

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REPORT OF THE TRUSTEESFOR THE YEAR ENDED 28TH FEBRUARY 2013

STRUCTURE, GOVERNANCE AND MANAGEMENTRisk managementThe trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriatecontrols are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIESObjectives and aimsThe charity was established by a charitable trust deed on 13 April 1977. The charity's objects continue to be to relievepatients and former patients of the Bristol Eye Hospital who are sick, disabled or in need of financial assistance and,generally, to support the charitable work of the hospital.

Review of activitiesThe annual report of the charity's activities is contained in the members publication" In Sight" which is circulated to allmembers with the notice of the annual general meeting. This publication is also available to anyone on request.The grants made to the Bristol Eye Hospital are shown in note 6 to the accounts.

FINANCIAL REVIEWThe reserves carried forward £138,444 ( 2012 - £107,749) are held in readily disposable investments and cash, fordistribution as grants as required. At the balance sheet date the charity had funding commitments £45,291.

ON BEHALF OF THE BOARD:

A Barrington - Trustee

Date:

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE FRIENDS OF BRISTOL EYE HOSPITAL

I report on the accounts for the year ended 28th February 2013 set out on pages four to nine.

Respective responsibilities of trustees and examinerThe charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit isnot required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independentexamination is required.

It is my responsibility to:

examine the accounts under Section 145 of the 2011 Actto follow the procedures laid down in the General Directions given by the Charity Commission (under Section145(5)(b) of the 2011 Act); andto state whether particular matters have come to my attention.

Basis of the independent examiner's reportMy examination was carried out in accordance with the General Directions given by the Charity Commission. Anexamination includes a review of the accounting records kept by the charity and a comparison of the accounts presentedwith those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekingexplanations from you as trustees concerning any such matters. The procedures undertaken do not provide all theevidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a'true and fair view' and the report is limited to those matters set out in the statements below.

Independent examiner's statementIn connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 130 of the 2011 Act; andto prepare accounts which accord with the accounting records and to comply with the accountingrequirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accountsto be reached.

M W Medical2 Westbury MewsWestbury HillWestbury-on-TrymBristolBS9 3QA

Date:

Page 3


STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 28TH FEBRUARY 2013

INCOMING RESOURCESIncoming resources from generated fundsVoluntary incomeActivities for generating fundsInvestment incomeOther incoming resources

Total incoming resources

Notes

2013Unrestricted

funds£

43,4724,928

6511,607

2012Totalfunds£

50,658

57,<4,850

626841

64,315

RESOURCES EXPENDEDCosts of generating fundsCosts of generating fundsCharitable activitiesGrant funding

Total resources expended

7,314

12,649

19,963

5,696

24,788

30,484

NET INCOMING RESOURCES

RECONCILIATION OF FUNDS

Total funds brought forward

TOTAL FUNDS CARRIED FORWARD

30,695

107,749

138,444

33,831

73,918

107,749

The notes form part of these financial statements

Page 4


BALANCE SHEETAT 28TH FEBRUARY 2013

NotesFIXED ASSETSInvestments 9

CURRENT ASSETSStocks 10Debtors 1 1Cash in hand

CREDITORSAmounts falling due within one year 12

NET CURRENT ASSETS

2013Unrestricted

funds£

33,000

9071,835

103,827

106,569

(1,125)

105,444

2012Totalfunds£

33,000

5911,446

73,111

75,148

(399)

74,749

TOTAL ASSETS LESS CURRENTLIABILITIES 138,444 107,749

NET ASSETS 138,444 107,749

FUNDSUnrestricted funds

TOTAL FUNDS

13138,444 107,749

138,444 107,749

The financial statements were approved by the Board of Trustees on ..4?../T.:.!̂ [....~:A?.J...V. and were signed on itsbehalf by:

A Barrington -Trustee

S St Leger-Harris -Trustee

The notes form part of these financial statements

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NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 28TH FEBRUARY 2013

1. ACCOUNTING POLICIES

Accounting conventionThe financial statements have been prepared under the historical cost convention, with the exception ofinvestments which are included at market value, and in accordance with the Financial Reporting Standard forSmaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement ofRecommended Practice, Accounting and Reporting by Charities.

Incoming resourcesAll incoming resources are included on the Statement of Financial Activities when the charity is legally entitledto the income and the amount can be quantified with reasonable accuracy.

Resources expendedExpenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costrelated to the category. Where costs cannot be directly attributed to particular headings they have been allocatedto activities on a basis consistent with the use of resources. Grants offered subject to conditions which have notbeen met at the year end date are noted as a commitment but not accrued as expenditure.

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.

TaxationThe charity is exempt from tax on its charitable activities.

Fund accountingUnrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictionsarise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. VOLUNTARY INCOME

2013 2012£ £

Donations 7,555 24,724Legacies 34,225 31,637Subscriptions 1,692 1,637

43,472 57,998

^ 3. ACTIVITIES FOR GENERATING FUNDS

,_ 2013 2012^ £ £..— Fundraising events 2,698 1,564^ Cards sale 1,807 3,194

Collection boxes 423 92

_ 4,928 4,850

4t

1

Page 6

15L


NOTES TO THE FINANCIAL STATEMENTS - CONTINUEDFOR THE YEAR ENDED 28TH FEBRUARY 2013

INVESTMENT INCOME

Interest receivableNational Savings Income Bonds

2013£73578

651

2012£49577

626

COSTS OF GENERATING FUNDS

Affiliation feesPublic relations officer's honorarium"In Sight" magazineChristmas cards costsDisplay boards and websiteGovernance costsAccountancyMoray Watson expenses

2013£596650

1,3751,739168

1,485546755

7,314

2012£581650

1,4501,99812426755175

5,696

CHARITABLE ACTIVITIES COSTS

Grant funding

Grantfunding of

activities(See note 7)

£12,649

Totals

£12,649

GRANTS PAYABLE

Grant funding

2013£

12,649

2012£

24,788

Fluorescein Angiography Module for Retcam £ 10,813Paediatric Unit TV £499Plant Care £1,338

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28th February 2013 nor for the yearended 29th February 2012.

Trustees' expensesThere were no trustees' expenses paid for the year ended 28th February 2013 nor for the year ended29th February 2012.

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9. FIXED ASSET INVESTMENTS

Other

There were no investment assets outside the UK.

Investments (neither listed nor unlisted) were as follows:

National Savings Income Bonds

2013£

33,000

2013£

33,000

2012£

33,000

2012£

33,000

10. STOCKS

Christmas cards stock

2013£907

2012£

591

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors

2013£1,835

2012£1,446

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors

13. MOVEMENT IN FUNDS

Unrestricted fundsGeneral fund

2013 2012£ £1,125 399

107,749 30,695

Netmovement in

At 1.3.12 funds At 28.2.13£ £ £

138,444

TOTAL FUNDS 107,749 30,695 138,444

PageS



13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement inresources expended funds

£ £ £Unrestricted fundsGeneral fond 50,658 (19,963) 30,695

TOTAL FUNDS 50,658 (19,963) 30,695

14. POST BALANCE SHEET EVENTS

The Trustees invested £67,000 in a new National Income Savings Bond.

Page 9


DETAILED STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 28TH FEBRUARY 2013

INCOMING RESOURCES

Voluntary incomeDonationsLegaciesSubscriptions

Activities for generating fundsFundraising eventsCards saleCollection boxes

Investment incomeInterest receivableNational Savings Income Bonds

Other incoming resourcesGift aid refunds

Total incoming resources

RESOURCES EXPENDED

Costs of generating fundsAffiliation feesPublic relations officer's honorarium"In Sight" magazineChristmas cards costsDisplay boards and websiteGovernance costsAccountancyMoray Watson expenses

Charitable activitiesGrants to institutions

Total resources expended

Net income

2013£

7,55534,225

1,692

43,472

2,6981,807

423

4,928

73578

651

1,607

50,658

596650

1,3751,739

1681,485

546755

7,314

12,649

19,963

30,695

2012£

24,72431,637

1,637

57,998

1,5643,194

92

4,850

49577

626

841

64,315

581650

1,4501,998

124267551

75

5,696

24,788

30,484

33,831

This page does not form part of the statutory financial statements

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