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THE ABDO COLLEGE OF EDUCATION

Registered charity 1087337 · accounts filings on the Charity Commission register · also known as ABDO COLLEGE, THE ABDO COLLEGE

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Latest income
£2.8m
Latest spending
£2.6m
Registered
2001
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a net income of £227,816 for the year ended 31 December 2023, with unrestricted reserves standing at £1,682,909. The trustees consider that financial support undertakings by the Association of British Dispensing Opticians are sufficient to meet known commitments until the charity becomes fully self-supporting. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: a level that will support the charity with its ongoing activities (held: £1.7m)
“The board of trustees seeks to maintain the reserves at a level that will support the charity with its ongoing activities.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The Association of British Dispensing Opticians charged The ABDO College of Education £271,000 (2022: £330,000) in respect of administrative wages and general expenses.
“The Association of British Dispensing Opticians charged The ABDO College of Education £271,000 (2022: £330,000) in respect of administrative wages and general expenses. At the year end The ABDO College of Education was owed £101,311 (2022: £Nil) by The Association of British Dispensing Opticians.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Burgess Hodgson LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.8m
Total spending
£2.6m
Reserves (reported)
£1.9m
Employees
22

Reported reserves equal ~8.5 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£2.8m£2.6m
31/12/2023£2.9m£2.6m
31/12/2022£2.3m£2.2m
31/12/2021£2.1m£2.1m
31/12/2020£2.1m£2.1m

Common questions

Is THE ABDO COLLEGE OF EDUCATION financially healthy?

The accounts state that the charity generated a net income of £227,816 for the year ended 31 December 2023, with unrestricted reserves standing at £1,682,909. The trustees consider that financial support undertakings by the Association of British Dispensing Opticians are sufficient to meet known commitments until the charity becomes fully self-supporting. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Burgess Hodgson LLP.