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
THE FRIENDS OF BRISTOL EYE HOSPITAL
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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THE FRIENDS OF BRISTOL EYE HOSPITAL
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:
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THE FRIENDS OF BRISTOL EYE HOSPITAL
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
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THE FRIENDS OF BRISTOL EYE HOSPITAL
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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THE FRIENDS OF BRISTOL EYE HOSPITAL
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
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THE FRIENDS OF BRISTOL EYE HOSPITAL
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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THE FRIENDS OF BRISTOL EYE HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - CONTINUEDFOR THE YEAR ENDED 28TH FEBRUARY 2013
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
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THE FRIENDS OF BRISTOL EYE HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - CONTINUEDFOR THE YEAR ENDED 28TH FEBRUARY 2013
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.
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THE FRIENDS OF BRISTOL EYE HOSPITAL
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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