THE BENEVOLENT FUND OF THE COLLEGE OF OPTOMETRISTS & THE ASSOCIATION OF OPTOMETRISTS
Financial and other support to current and retired members of the optical profession and their dependents
Objects
2. The object of the Charity is to afford assistance by application of the income of the Fund (as defined in Rule 3.1(b) and all or such part or parts of the capital at such times and in such manner as the Trustees may in their absolute discretion think fit to or for the benefit of all or any:2.1 Necessitous members and former members (of any class) of the College of Optometrists (or formerly of the British College of Optometrists or the British College of Ophthalmic Opticians) and their dependants;2.2 former members and associate members of the British Optical Association and their dependants;2.3 members and former members of the Association of Optometrists (or formerly the Association of Optical Practitioners) and their dependants;2.4 fellows by examination of the Scottish Association of Opticians or the WorshipfulCompany of Spectacle Makers and their dependants; or2.5 other members and former members of the optometry profession, or ophthalmic optical profession as it was formerly known, and their dependants.2.6 Undergraduate optometry students registered with the General Optical council.2.7 Other optometry students as the trustees may in their absolute discretion see fit to support.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted reserves stood at £2,593,631, with a designated fund of £500,000 and general funds of £2,093,631. The trustees have adopted a new reserves policy to maintain unrestricted reserves at the real-terms equivalent of the balance as at 30 September 2025 to protect long-term financial sustainability. The charity relies on investment returns to fund future activities, noting that investment returns are volatile but that the investment portfolio is sufficient to cater for anticipated needs.
What the accounts disclose
“Investment income 4 81,463 90,221” — page 11
“The Unrestricted reserve will be maintained at the real terms equivalent of the balance on that reserve as at 30th September 2025” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Vivian Bushchair
- Aishah Patel
- Alison McClune
- Anuj Patel
- Daniel Ehrlich
- Francesca Marchetti
- Jane Macnaughton
- Keval Dattani
- RICHARD BROUGHTON
- Tushar Majithia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £108k | £53k |
| 30/09/2024 | £128k | £60k |
| 30/09/2023 | £176k | £45k |
| 30/09/2022 | £150k | £43k |
| 30/09/2021 | £363k | £34k |
Common questions
Is THE BENEVOLENT FUND OF THE COLLEGE OF OPTOMETRISTS & THE ASSOCIATION OF OPTOMETRISTS financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted reserves stood at £2,593,631, with a designated fund of £500,000 and general funds of £2,093,631. The trustees have adopted a new reserves policy to maintain unrestricted reserves at the real-terms equivalent of the balance as at 30 September 2025 to protect long-term financial sustainability. The charity relies on investment returns to fund future activities, noting that investment returns are volatile but that the investment portfolio is sufficient to cater for anticipated needs. Its FY2025 accounts were independently examined.