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REGISTERED COMPANY NUMBER: 01583558 (England and Wales)
REGISTERED CHARITY NUMBER: 286285














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

Optik Limited

Optik Limited






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Report of the Trustees 1

Statement of Financial Activities 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6

Optik Limited (Registered number: 01583558)

REPORT OF THE TRUSTEES
for the Year Ended 31 October 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Review of the year's activities
The main activity this year was the performances of the Script Room at Whitton Library in March. Two performances (3pm and 7.30pm) played to capacity audiences, with 4 writers' work presented. The plays called for 6 actors to play the roles which meant a larger company than usual and the largest cast to date. The production was a key event in the Library's 50th anniversary celebrations which helped to generate lots more interest in the company and its work. The writers were Robert Frew, Alan Kilpatrick, Amelia Stephenson and Carol Saint Martin. As a previous recipient of its funding Optik was one of the charities selected by Heathrow Community Trust to receive a donation from Heathrow Airport of an iPad Pro 24 is a great asset to have for promoting the company and its work generally. Optik has been selected to take part in next year's Richmond Arts and Ideas Festival and has been awarded funding for the production which will take place over two days giving three performances at Whitton Library in June 2025. Throughout this year the company has been the supported financially and by volunteer support by the Friends of Whitton Library and the Community Library staff

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01583558 (England and Wales)

Registered Charity number
286285

Registered office
38 Colonial Avenue
Twickenham
Middlesex
TW2 7ED

Trustees
Dr S Anderson University Administrator (Retired)
Mrs M Edwards Music Teacher
B E Edwards Theatre Director

Company Secretary
Mrs M Edwards

Approved by order of the board of trustees on 15 November 2024 and signed on its behalf by:





B E Edwards - Trustee

Optik Limited

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 October 2024

31.10.24 31.10.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,301 1,231

Charitable activities
General activities - 700
Total 3,301 1,931

EXPENDITURE ON
Charitable activities
General activities 2,454 2,779

NET INCOME/(EXPENDITURE) 847 (848 )


RECONCILIATION OF FUNDS
Total funds brought forward 368 1,216

TOTAL FUNDS CARRIED FORWARD 1,215 368

Optik Limited (Registered number: 01583558)

STATEMENT OF FINANCIAL POSITION
31 October 2024

31.10.24 31.10.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Cash at bank 1,340 493

CREDITORS
Amounts falling due within one year 5 (126 ) (126 )

NET CURRENT ASSETS 1,214 367

TOTAL ASSETS LESS CURRENT LIABILITIES 1,215 368

NET ASSETS 1,215 368
FUNDS 6
Unrestricted funds 1,215 368
TOTAL FUNDS 1,215 368

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 15 November 2024 and were signed on its behalf by:





B E Edwards - Trustee

Optik Limited

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted 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. Restrictions arise 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. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,231

Charitable activities
General activities 700
Total 1,931

EXPENDITURE ON
Charitable activities
General activities 2,779

NET INCOME/(EXPENDITURE) (848 )


Optik Limited

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 1,216

TOTAL FUNDS CARRIED FORWARD 368

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 and 31 October 2024 1,412
DEPRECIATION
At 1 November 2023 and 31 October 2024 1,411
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Accrued expenses 126 126

6. MOVEMENT IN FUNDS
Net
At movement At
1.11.23 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 368 847 1,215

TOTAL FUNDS 368 847 1,215

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,301 (2,454 ) 847

TOTAL FUNDS 3,301 (2,454 ) 847


Optik Limited

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 1,216 (848 ) 368

TOTAL FUNDS 1,216 (848 ) 368

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,931 (2,779 ) (848 )

TOTAL FUNDS 1,931 (2,779 ) (848 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.11.22 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 1,216 (1 ) 1,215

TOTAL FUNDS 1,216 (1 ) 1,215

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,232 (5,233 ) (1 )

TOTAL FUNDS 5,232 (5,233 ) (1 )

7. RELATED PARTY DISCLOSURES

During the year Mr B Edwards (Trustee) donated £850 to the charity as an unrestricted donation.