Charity registration number 1043897 (England and Wales)
ASSOCIATION OF STOMA CARE NURSES UK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ASSOCIATION OF STOMA CARE NURSES UK
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | A Perrin |
|---|---|
| N Rolls | |
| R Davenport | |
| S Turley | |
| M Jerome | |
| J Sica | |
| Charity number | 1043897 |
| Principal office | c/o Delegant Ltd |
| Unit 12 Home Farm | |
| School Road | |
| Ardington | |
| OX12 8PD | |
| Independent examiner | Calculo Tax Audit Limited |
| The Threshing Barn | |
| Manor Farm Barns | |
| Coates Lane | |
| High Wycombe | |
| Bucks | |
| HP13 5UX |
ASSOCIATION OF STOMA CARE NURSES UK
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
ASSOCIATION OF STOMA CARE NURSES UK
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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
The Objects of the ASCN UK shall be to promote the art and science of stoma care nursing (and related conditions) and to improve facilities and opportunities for nurses and others engaged in such care to further their education and skills in the profession of specialist stoma care nursing.
The objects of the ASCN UK shall be to drive the development and dissemination of evidence based, best practice stoma care and be recognised as the vanguard of this for all healthcare settings.
Define and promote consistency in standards of care, enabling advocacy, improved outcomes and experience for people living with a stoma.
Spearhead global collaboration between stoma care nurses, to drive improvement, education and protect the professional standing of our members.
Represent and promote the stoma care specialism within healthcare and political arena’s to safeguard services for the future.
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ASSOCIATION OF STOMA CARE NURSES UK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Activities
There have been several successful meetings with the PIPs forum and BHTA over the past year, and a new collaboration with the Scottish Stoma care Forum (SSF) has been fostered, permitting cross nation working and support.
ASCNUK committee members have been closely involved in 2 national reviews- 1 for NHSE -One piece closed bags for colostomy- Late stage assessment https://www.nice.org.uk/guidance/hte29 and DHSC review of Part IX of the drug tariff and taxonomy https://www.nhsbsa.nhs.uk/pharmacies-gp-practices-and-appliance-contractors/drugtariff/dr.
Close collaboration with the Medical Technologies Directorate was emphasised, ensuring a voice for stoma care within that influential forum and that the voices of stoma care nurse specialists is represented as is the interest of our patients.
Exercise and physical activity after stoma surgery (ExPASS). Has completed with recommendations for practice - published at the 2025 conference British Journal of Nursing Exercise and physical activity after stoma surgery: EXPASS recommendations. ASCN have received funding form industry to complete this and there will be activity around dissemination and education to ensure recommendations are supporting best practice.
Committee members were in attendance at the BJN annual awards earlier in the year and once again supported and presented the award for BJN stoma care nurse of the year.
The Committee have been working on various guideline updates throughout the year, with the support of the area reps. This had led to clear outcomes from the consensus statements, with thirteen statements created to help achieve consensus regarding the role of the specialist stoma care nurse.” New guidelines were added to the portfolio, Home visit and spinal injuries.
The Advancing Stoma Care Services continues at pace; this project will define a Mandatory pathway of care for people having stoma surgery and will be adopted by NHSE GIRFT.
Progress: the 3 sample pathways are written and are with GIRFT to be adopted to align with the ‘swim-lanes’.
The follow up state of the nation survey is with GIRFT to ‘rubber stamp’ and disseminate form NHSEASCNUK have completed a huge piece of work defining job roles/descriptions for CNS Stoma care< Advanced CNS, consultant CNS, Nursing associate and health care support worker roles. This is now being viewed by RCN workforce and professional team to align with other work completed recently and to form a combined professional roles/scope of practice piece of work.
Achievements and performance
Members of the Association who facilitate/contribute to the Education programmes, do so on a voluntary basis.
Very successful joint international conference in Glasgow with over 800 delegates & 159 exhibitor representatives including industry, patient voluntary sector support groups. Updates given on EXPASS and ASCS to whole conference.
Treasurer presented on ASCS at IA annual meeting.
Podcast produced as part of ASCS nominated and shortlisted for a NT Innovation award.
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ASSOCIATION OF STOMA CARE NURSES UK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The accounts of the Association are in good order. The trustees have assessed the major risks to which the charity is exposed, in particular those related to its operations and finances, and are satisfied that they have established systems to mitigate the significant risks.
The charity sets aside reserves to cover:
-
the contingency of operational costs
-
ongoing projects
-
sufficient funds to cover cash flow requirements in the case of a significant reduction in income
-
unexpected additional costs.
The level of reserves is maintained at the appropriate level by way of provision from current income. The level of unrestricted reserves as at the last day of the financial year was £217,202 (2024: £149,857). The trustees feel this is more than sufficient to cover any costs in the short term as above.
In the 2025 year, the net movement in funds was a surplus of £69,345 (2024: £6,322).
The annual membership fees were raised, after consultation at the 2024 AGM to £30 per year for full membership and contribution towards the management and maintenance of ASCN UK secretariate.
ASCN UK set up the Jean Preston Fund in 2010 with the unique purpose of offering financial support for its members for any stoma care specialist professional educational. The Jean Preston fund enables any full member of ASCN to apply for an Education Grant which can be used towards developing their professional knowledge and services to patients with a stoma. The Fund has historically been based solely on donations, although starting in 2017, a percentage of the Annual Conference profit will be added to this fund as an acknowledgement of the challenges facing stoma care nurse and practitioner funding.
This year again we agreed to fund two applications of funding from members to attend the annual conference, and supported through grant for partial funding of project for a Trustee to complete overseas exploratory work for the global stoma care community benefit.
Structure, governance and management
Constitution. The constitution is reviewed every two years. In 2017 the constitution recognised the change of name from WCET (UK) to ASCN (UK). The latest issue of the constitution was amended in 2023 and the objectives stated in that constitution are:
The Objects of the ASCN UK shall be to promote the art and science of stoma care nursing (and relatedconditions) and to improve facilities and opportunities for nurses and others engaged in such care tofurther their education and skills in the profession of specialist stoma care nursing.
The trustees who served during the year and up to the date of signature of the financial statements were: A Perrin
N Rolls R Davenport S Turley M Jerome J Sica
Recruitment and appointment of trustees
Trustees are elected to membership of the Committee by ASCN UK Members at the Annual General Meeting following a call for nominations earlier in the year.
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ASSOCIATION OF STOMA CARE NURSES UK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
A FULL MEMBER shall be a registered nurse who practices within the specialist sphere of stoma care. A Full member will have the privilege of making motions/proposals, voting, holding office and shall have all other privileges of membership.
An ASSOCIATE MEMBER shall be an individual working (or retired) within the field of stoma care who supports the mission and objects of ASCN UK, but doesn’t meet full membership criteria, including an individual who may work within the specialty of stoma care to deliver care under the direction of a specialist stoma care nurse. An associate is required to pay dues and will have all the privileges of membership except those of making motions, holding office or voting.
Membership of the Association currently stands at 522 members.
The management of the ASCN UK is undertaken by an elected Committee of 6 persons, some of whom are also Trustees for the Association.
The trustees' report was approved by the Board of Trustees.
..............................
N Rolls
Trustee
29/01/26 29/01/26 Date: .............................................
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ASSOCIATION OF STOMA CARE NURSES UK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASSOCIATION OF STOMA CARE NURSES UK
I report to the trustees on my examination of the financial statements of Association of Stoma Care Nurses UK (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
-
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr J Walton FCA
Calculo Tax Audit Limited
The Threshing Barn Manor Farm Barns Coates Lane High Wycombe Bucks HP13 5UX
Dated: .........................29/01/26
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ASSOCIATION OF STOMA CARE NURSES UK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Membership & donations 3 27,510 12,000 Conference & educational activities 4 79,442 - Investment income 6 1,507 - Total income 108,459 12,000 Expenditure on: 5 Charitable activities 7 41,114 10,000 Total expenditure 41,114 10,000 Net income and movement in funds 67,345 2,000 Reconciliation of funds: Fund balances at 1 April 2024 149,857 27,000 Fund balances at 31 March 2025 217,202 29,000 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 39,510 12,428 35,000 79,442 282,038 - 1,507 703 - 120,459 295,169 35,000 51,114 315,847 8,000 51,114 315,847 8,000 69,345 (20,678) 27,000 176,857 170,535 - 246,202 149,857 27,000 |
Total 2024 £ 47,428 282,038 703 |
|---|---|---|
| 330,169 323,847 |
||
| 323,847 | ||
| 6,322 170,535 |
||
| 176,857 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ASSOCIATION OF STOMA CARE NURSES UK
BALANCE SHEET
AS AT 31 MARCH 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 13 | 343 | - | ||||
| Current assets | |||||||
| Debtors | 14 | 161,676 | 11,861 | ||||
| Cash at bank and in hand | 309,341 | 179,275 | |||||
| 471,017 | 191,136 | ||||||
| Creditors: amounts falling due within | 15 | ||||||
| one year | (225,158) | (14,279) | |||||
| Net current assets | 245,859 | 176,857 | |||||
| Total assets less current liabilities | 246,202 | 176,857 | |||||
| The funds of the charity | |||||||
| Restricted income funds | 17 | 29,000 | 27,000 | ||||
| Unrestricted funds | 18 | 217,202 | 149,857 | ||||
| 246,202 | 176,857 |
29/01/26
The financial statements were approved by the trustees on .........................
.............................. N Rolls Trustee
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is c/o Delegant Ltd, Unit 12 Home Farm, School Road, Ardington, Wantage, OX12 8PD.
1.1 Accounting convention
The financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 33% straight line Website 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from membership & donations
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 5,000 12,000 Legacies 12,000 - Members' subscriptions 10,510 - Jean Preston Fund donations - - 27,510 12,000 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 17,000 - 35,000 12,000 - - 10,510 11,772 - - 656 - 39,510 12,428 35,000 |
Total 2024 £ 35,000 - 11,772 656 |
|---|---|---|
| 47,428 |
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Unrestricted funds | ||
| Exhibition and sponsorships | - | 161,300 |
| Delegate fees | 79,442 | 107,334 |
| Gala dinner | - | 13,399 |
| Other income | - | 5 |
| 79,442 | 282,038 |
5 Conference income recognition and presentation
The charity’s principal activity each year is the organisation of an annual educational conference. In previous financial years, the charity acted as the organiser of the event and therefore recognised the gross income and expenditure associated with the conference in the Statement of Financial Activities.
During the year ended 31 March 2025, the conference was delivered by a third-party, WCET. Under this arrangement, WCET assumed responsibility for planning, managing and delivering the conference, and bore the associated financial risks and obligations. The charity's financial involvement was limited to receiving an agreed profit-share payment once the event had concluded. As the charity did not act as the principal in the transactions, the charity has only recognised the net amount receivable for the conference in these financial statements.
As a result, the current-year amounts presented in the Statement of Financial Activities are not directly comparable with the prior-year figures, in which the charity acted as principal and therefore reported the full gross income and expenditure of the conference activity. The net receipt this year has also all been included under 'Conference Delegate Fees,' within the accounts whereas usually there is also an element of exhibition and sponsorship income.
6 Income from investment income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 1,507 | 703 |
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Expenditure on charitable activities
| Conference Special Projects 2025 2025 £ £ Direct costs Conference 2,996 - Special project expenses - 10,000 2,996 10,000 Share of support and governance costs (see note 8) Support 38,118 - 41,114 10,000 Analysis by fund Unrestricted funds - general 41,114 - Restricted funds - 10,000 41,114 10,000 Support costs allocated to activities Depreciation General office and marketing Jean Preston expenses Legal and professional Bank charges Bad debts Analysed between: Conference |
Total Conference 2025 2024 £ £ 2,996 298,817 10,000 - 12,996 298,817 38,118 17,030 51,114 315,847 41,114 315,847 10,000 - 51,114 315,847 |
Special Projects 2024 £ - 8,000 8,000 - 8,000 - 8,000 8,000 2025 £ 82 24,129 2,686 10,935 286 - 38,118 38,118 |
Total 2024 £ 298,817 8,000 |
|---|---|---|---|
| 306,817 17,030 |
|||
| 323,847 | |||
| 315,847 8,000 |
|||
| 323,847 | |||
| 2024 £ - 6,575 2,224 6,024 2,187 20 |
|||
| 17,030 | |||
| 17,030 |
8 Support costs allocated to activities
All support costs, including premises and administrative costs are allocated to the annual conference which is the main annual activity of the charity and include £1,800 (2024: £1800) of accountancy costs for independent examination fees.
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 9 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable to the charity's independent examiner: | |||
| - for the independent examination of the charity's financial statements | 1,800 | 1,800 | |
| - for other financial services | 2,000 | 2,000 | |
| Depreciation of owned tangible fixed assets | 82 | - |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration from the charity during the year.
Three trustees (2024: two) were reimbursed a total of £433 for expenses during the year (2024: £1,104). These related to travel and subsistence costs.
11 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 13 Tangible fixed assets Fixtures and fittings £ Cost At 1 April 2024 333 Additions 425 At 31 March 2025 758 Depreciation and impairment At 1 April 2024 333 Depreciation charged in the year 82 At 31 March 2025 415 Carrying amount At 31 March 2025 343 At 31 March 2024 - 14 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 16 Trade creditors Other creditors Accruals 16 Deferred income Other deferred income |
Website £ 16,130 - 16,130 16,130 - 16,130 - - 2025 £ 114,840 46,836 161,676 2025 £ 21,274 185,388 14,576 420 3,500 225,158 2025 £ 185,388 |
Total £ 16,463 425 |
|---|---|---|
| 16,888 | ||
| 16,463 82 |
||
| 16,545 | ||
| 343 | ||
| - | ||
| 2024 £ 11,861 - |
||
| 11,861 | ||
| 2024 £ 5,512 - 4,847 420 3,500 |
||
| 14,279 | ||
| 2024 £ - |
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
16 Deferred income
(Continued)
Deferred income is included in the financial statements as follows:
| Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 April 2024 Resources deferred in the year Deferred income at 31 March 2025 |
2025 £ 185,388 - 185,388 185,388 |
2024 £ - |
|---|---|---|
| - - |
||
| - |
Deferred income represents conference income invoiced in advance for the annual Autumn conference.
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| Special Projects Fund | 27,000 | 12,000 | (10,000) | 29,000 |
| Previous year: | At 1 April | Incoming | Resources | At 31 March |
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| Special Projects Fund | - | 35,000 | (8,000) | 27,000 |
The charity is currently running two special projects: Advancing Stoma Care Services (ASCS) and Exercise and Physical Activity After Stoma Surgery (EXPASS). The projects are running to raise standards of stoma care and to provide guidance to stoma care nurses. Supporters of the charity are approached for donations to assist in funding these particular projects.
18 Unrestricted funds
| At 1 April | Incoming | Resources | At 31 March | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| General funds | 149,857 | 108,459 | (41,114) | 217,202 |
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ASSOCIATION OF STOMA CARE NURSES UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 18 | Unrestricted funds | (Continued) | |||
|---|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | At 31 March | |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 170,535 | 295,169 | (315,847) | 149,857 | |
| 19 | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2025 | 2025 | 2025 | |||
| £ | £ | £ | |||
| At 31 March 2025: | |||||
| Tangible assets | 343 | - | 343 | ||
| Current assets/(liabilities) | 216,859 | 29,000 | 245,859 | ||
| 217,202 | 29,000 | 246,202 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2024 | 2024 | 2024 | |||
| £ | £ | £ | |||
| At 31 March 2024: | |||||
| Current assets/(liabilities) | 149,857 | 27,000 | 176,857 | ||
| 149,857 | 27,000 | 176,857 |
20 Jean Preston Fund
The Jean Preston Fund was set up in 2010 by the Charity with the purpose of offering financial support for its members in relation to relevant educational purposes. The Jean Preston fund enables any full member of ASCN to apply for an education grant which can be used towards developing their professional knowledge and services to patients with a stoma.
This fund is unrestricted and donations are not usually material to the Charity and therefore not accounted for separately in the Statement of Financial Activities. The trustees usually allocate ten percent of the annual conference profit towards the above purposes which support the Charity's overall objectives.
21 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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