Registered number. 01365343 Charity number: 1077006 BASIS REGISTRATION LIMITED (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2022 *ACJS83H4" 1W05r2023 CQMPANIES HOUSE #132 BASIS REGISTRATION UMITED (A Company limll•d by guarant••) CONTENTS Pag& Releyence and admSnlstrativè details ol the Charlty. its Tn￿leeS and advitsers Trustees. report Independent auditOn5' r•port ¢>n the financial stat•m•nts stst•ment of fin•n¢i•l activities 7-10 Balance sheet 12-13 Stat•mont of cash flows 14 Note# to the financial $tat•m•nts 15-29 BASIS REGISTRATION LIMITED IA company limlted by gu•rante¢ REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENOED 31 DECEMBER 2022 Trustees Mr D J Benth. Trustee Mr D W A Burgess, Chair Mr D L Calms. Trustee Mts S Cowlri¢k. Trustee (appointed 6 Jufy 2022) Rev G J Dodgson. Tnjstee Mrs S A Everett. Trustee Mr R Fenwick. Trustee Mr P Gadd. Trustee lapk)ointed 27 April 20221 Mr C G0th￿n, Trustee {￿signed 17 February 2023) Ms E Hamer. Trustee {resigned 27 April 2022) Mrs M May. VKe Chair Mrs S F Melrose. Trustee Prof J Moverfey. Trustee Mr P J Ta￿0￿. Trustee I￿19fted 27 Aw'l 2022) Mrs S Twining, Truslee Mr C Sprigg, Trust89 Mr M T Wearden. Trustee and Twsuw Mr C Wnght. Tfuslee Company rogi$terod numb•r 01365343 Charity reglstered number 1077006 Regl$tered offi¢e St Morbica's House 39 Windmill Lane Ashboume Derbyshire DE6 1EY ompany $Kr•tary Mr SP Jacob Chi•f •x•cutiv• officor Mr SP Ja￿b Independent •udltor6 PKF Smith Cooper Audit Limrted 1 Prospect Place Millennium Way Derby Derbyshire DE24 8HG Page 1 BASIS REGISTPATIOM UMITED (A company lirnlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Structhre. govemance and managemont . Goveming document The charity 1$ controlled by its goveming documenL the Articles of AssOc￿tion. and rs a Company Limtted by Guarantee. as defined in the Companies Act 2006. Risk management The Trustees idenb'fy and reV￿W the risks to which the charity is exposed and ensure that controls are in place lo provide appropriate and reasonable assurance against fraud and error. There are individual Twstees nominated lo provid8 over-sighl on all mailers pertaining to Human ReSoUr￿s. Pensions and Health and Safety. BASIS, produces monthly income and expenditure accounts and bakqnce sheets comparing perfomiance against budget: the annual financial statements are extemalty audited. The rv3etves of the charity are cautiousty invested in a mix of retail funds. using extemal professional advice. 8oanl members There was one res￿nation and one appoirrtment to the meMbe￿hIP of the Trustee Board in 2022. Committ88 stnKture The Committees are.. The Education and TrainirKJ Committee The FACTS Advisory Commrttee The Audit, Risk and Remuneration Committee The Auditing & Compliance Ctyxmtttee The Membership Committee The Professional Slandards Committee The PROMPT Commrttee The Northern Ireland Committee All the above Committees meet on a number of ￿taS1on$ w) the year and their procegdings are fom)ally minuted and reported lo the Board. Public Benefft In setting our activities and planning our actsvilies our Trustee5 have gNen careful con*deralion to the Chafity Ccrfnmission's public benefrt guidance. Our main activities and who we try to help are described bebw. Al our charrtable activitses focus on helping British agriculture, the amenity irtduslry, horticurture and fo￿$try by raising stsndards through establishing best practice within the crop proteCt￿n industries with a focus on the sale and supply, safe storage and transport of professional plant protectiorb P￿d￿Cts and a recognised means of assessing staff worknng in the sector. The benefits of the work of BASIS are as the recognised qualty'ng body for agronomists, Ihe management of well-crafted and delivered Continuing Professional Deveh)pment scheme5 for agronomists. plant nutrition advisers and professional pest conlrollors. and the auditing of distributor and manufacturer's professional plant proteth'on products stofage premtses. Estsblishing best prath.￿ in the use. sale and distribution of Professional Plant Protection Products encourages the uptake of alternatives lo professional plant protection products. use of integrated approaches le.g. Integrated Pest Management IIPMI and Integrated Farm Management {IFMII. The benefts of which are the protection of public. operator and consumer health and reduced impact of professional plant protection products on biodiversity. water and the environment. Page 2 BASIS REGISTFiATION LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 Obj•ctiv•s and activiti•s The purpose of BASIS is to benefit the public by advawng standards in the advi￿ and use of profe55ional plant protection products and plant nutrition throughout the United lQ'ngdom for the safety of the public and the environment lo promote and encourage improved standards. the safe and effic¢ent distribution, contract application. handling and storage of Plant Protection Products, techniques and technology. molecular technology. biolechnokjgy, plant nutrition. bio-peslicide products and in the advice and usage of such products in agriculture, horticulture, forestry. industrial, public health and other relevant industy sectors. We do this by providing advanced education for professional thisers and farmers in agriculluTe, hortKullure and related industries with the objective of Tai5ing standards in the folbwing". the advice and use ol professional plant protection products and fertilisers in agriculture and horticulbjre the advice and use of products for the control of pests in industrial. food Pfeparation. fc4)d storage and domest￿ premises the advice artd use of herbicths for weed control on roads. raikyays, sports grounds and other public and private spaces the promob'on of Integrated Pest Management11PM} techn￿)UeS wthin the UK'S National Act￿￿ Plan framework for action to achieve the sustsinable use of pesti¢ides Our activities include.. organising education and training programmes up to and induding Quality Assurance Agency (QA41 level 6 lin¢luding BASIS Diploma in Crop Protection) the creation and maintenance of a portfolio of examinations which are ￿£￿edIted through QM for higher education and are regularly updated the organisalion and provision of examinations for advisers throughout the United lfjn9dom and overseas We have 8Stablishgd and maintain Professional Registers for advisors to join and maintsin their Profe$s*)nal Register stslus through Continuing Professional DevelopmenL BASIS also seeks to a(t¥ance education and professional stsndards wi the storage and distribution of professional plant protection products and fertilisers. We do this by providing training programmes for store keepers, by operating a statutorily-recognised Store inspecb'on scheme and conducting annual store inspections. In seeking lo raise standards we work ￿th govemment departments induding DEFRA. Fire Authorities. the Environment Agency and various industy organisations_ A¢hiev•ments and p•rforni•nc• 0very￿W As a designated awarding body responsible for implementing training and certrfication for those involved in land rnanagemenl, BASIS promotes Integrated Pest Management IIPMI in all settings and across all aspects of its charitable reach. We beI￿ve that training and professional devebprnent is the key stone to delivering successful IPM programme$. All our training modules have IPM as a core element and we include assessment of candidates against its principles. During 2022 the BASIS Trustee Board. and ExeeulNe, continued the implementation. of its >year strategy to scale its activities in order lo continue to meet charitable objects in Ihe face of a perK)d of accelerated change for farming. the environment. and rural land managemenL This induded the development of an industy leading enwronmentally focused function to provide a single point of entry lo a nelwork of twsted. credible, accessible, and locally embedded advisets across land management to facilitate the achievement of targets published in the Governmenls 25-year environment plan. Additionalty. a dwital Igaming platform, BASIS Classroom, receNed signfficant investment to provide our Page"3 BASIS REGISTRAlloN LIMITED IA cornpany limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 membership with ongoing conts"nuing professional devek)pmenl. both agronomic and enwronmentalty focused training modules for advisers and land managers. Auditing and Compliance During 2022. 8ASIS inspected $47 (2021 - 552) re9islered Plant Protection Prod￿1 stores. of whth the pass ratg has remained consistent at 97%12021- 98%) reaching reqU￿ed stsrKlard. Addilionalty, BASIS prowdes independent annual onsite audils lo verrty that professional use rodenliudes are only sold to certified user5 meetrng the pointd-sale requirements for the Campavjn for Responsible Rodenlicide Use ICRRUI. 688 premises receNed point of sale audits in 2022 (2021 - 691}. Annual assessment for amenty contractors resulted in 80 Amenity Assured Contractor5 12021 87) being audited and 173 Lawn ASSU￿ Scheme members being audrted in 2022 {2021- 1841. Training and Education Advancing education is a key charitable objecb"ve. In 2022. 2364 12021 2,0401 individuals benefited dir&clty from BASIS training and assessment Additionally, 26 agronomists were awarded the BASIS Diploma in Crop Protection - our highest awaid, bringing the total number of agronomists with the Diploma to 350. The number of profe5siona15 who have now achieved the Harper Adam5 Graduate Dipk¥ma stood al 27 by the year end. A numbei of new training modules were developed in 2022 induding The BASIS Certificate in Sustainable Land Management. Professional Registers Continuing Professional Deveknpment (CPDI and the Profess￿nal Registers Numbers on the BASIS Professional Register stood at 597312021- 5.9081. FACTS Qualified Adviser membership stood at 3.62912021 - 3,655) and FACTS Subscribers stood at 394 (2021 508) paid up members al the end of 2022. An assessment for all FACTS Qualified advisers IFQAS) continued to prowde demonstrable qualty assurance of professional $tsndard$ and is rThi an established compulsory annual membership wuirem&nl for FQAS lo maintsin their status. The theme of the 2023124 annual assessment will be Managing Soils for Effective Nutrient Supply. Turf Iheme." N￿tr￿n1 Use for Turf Growth & Quality. Horticulture theme.. Nutrient Use for Plant Growth and Qualty PROMPT and Amenity Registers During Ihe year PROMPT membgrshp stood al 3.533 and m8mb8rs of the BASIS Amenty Training Register reduced lo 11612021 1351. Environmentsl Advisers Register The Environmental Advisers Regisler. launched on 1 June 2022. recognises accredited. trusted professionals delNering environmental thice to fam)eTS and land managers across Ihe United Kingdom. BASIS are working closely with Defra to ensu￿ that the Environmenlal Advisers Register supports the delivery of the Environmental Land Management Schemes and other agrionvironment funding opportunities. As an industry-led iniliatwe, Defra has Kfentified the need for famiers and land managors lo ffind trusted advisers in their local area and supports the BASIS Environmental Advisets Rwster ay a way to faulitste these links. BASIS Classroom In 2022 BASIS Classroom extended rts onh'ne CPD portfolio lo include a new short o)utse. The Prinaples of Sustainable Land Management, available externally to rts memb8rship. This short course provides an opportunity lo leam about the principles of sustainable Lind management, for those who mohl already be doing work on- farm bul would like to develop this area fvrther. those Ihal are new lo the approach and those that are interested in partiupaling in environmental land management schemes to achieve the ouleomes sel out by future famiing policies. Page 4 BASIS REGISTRATION LIMITED (A company limlted by guaranle• TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Financial review Reserves In keeping with the Charitie5 Commission guidance on reseNes. the Board of BASIS has a policy to hold unrestricted feseTres. in order lo ensure the continued activities of the company in times of reduced income. The policy. agreed in 2009, was to hohj at least six months of the cost of runnirkg the business in reserves lo meet unexpected demands on the charity which for 2022 is at least £8S5k. Currenlty, unrestricted reserves are £785,038 representing 46% of the total resources expended in 2022. The reserves policy is ￿vieWed annualty. Income Total income from the charitable athties of BASIS lolalled £1.711.395 in 2022 (2021 £1.309.239)- All funds have been auocated to support charitable and general operatr.onal expendrture. Costs Total &xpgndilure increased in line with growth in turnover and rellects the signifi￿Trt in¥8strnent the charity is making is improving its membership and educational infrastructure. During the year the Truslee$ approved the continued devolopment of BASIS Classroom. a d￿lts1 learning platfom, that supports our members advancing their professional development from their office, or home. With the first paid for content Launching in June 2022 to support adwsers and land managers adapt to newly inlroduced agricuhutal and environmental le9￿ation. BASIS Classroom contributed jLtst over £100,000 of income in 2022 and is forecast lo grow significantly in the coming years. Dpaitsl development costs have been recognised in the Financial Statements as an inlangible asset and will be amortised over a period of four year. Our staff a￿ key to the success of the project and a programme of training is underway lo develop our team lo ènsure that BASIS continues to meet its charitable objectNes and thereby benefit the industy that it serves. Investmgnts The majority of BASIS reserves are held as investrnents: Ihese decreased by a net amount of £35,470 during Ihe year. Risks An annual risk management review he￿S identfy and rnanage issue5 that could inpair our ability to achieve our charitable objectives or adversdy impact the organisabon in other way$. Trustees are ullimatdy responsible for risk management and the BASIS Audrt. Risk and Remuneration Committee oversees the Risk Register which records issues and tracks how they are addressgd on an ongoing basis. Heatth and Safety The health and safety of our staff, volunteers, lenanls and visitors is paramount. An intemal Hearth and Safety Committee. an external consuttanl together wrth a named Tru51ee oversee activrty in this area. OurPeople The Board is grateful for the dedication of the BASIS staff, who have, again. worked hard to provide a service lo members. the industy and the wider publi Tangible Fixed Assets Following an independenl valuation of St Monica's House dated 05 November 2021, its value was not adjusted. The next Iri-annual v*ualton is due to take place in 2024. Statoment as lo dlsGlosure of information to audito In so far as the trustees are aware" ther8 is no relevant audit infomlaknon of whKh the charitable compan￿$ auditors are unaware." and Page S BASIS REGISTRATION LIMITEO IA cornpany Ilmited by guarantee) TRUSTeES' REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2022 the trustees have taken all Sleps Ihal they ought to have taken to make themselves aware of any relevanl audtt inlomiation and to establish that the auditors are aware ol that Information. Plans for fuluTe period$ The chanty intends to develop the business to continue to meet its objectives and Ihe future demanc(s of the UK agricultural, hortieultufal and allied industn'es_ Trustees. responsibilities statement The trustees, who are also directors for the purposes of company I￿, are responsible for preparing the tru51ees' port and the finanoal slalements in ac￿rdan￿ wrth applicable Law and United ￿'AgdoM Accounting Standards (United Krydom Generally Accepted Accounling PFath"¢el. Company I￿ requires the tharity trustees to prepare financial statements for each yeaT which give a true and trdir view of the state of affairs of the c1￿￿table ￿MpanY and the inwming resources and application of resources, including the incoff* arKJ eypenditure, for Ihat penod In preparing these financtal slatements. the tfustees are required to". select suitsble accounting policies and then apply them c))nsistenlly," obseNe the melhc>#s and principles in the apph"cable charib.es SORP.. make judgments and accounting eth"mates that are reasonable and prudentr, prepare the financial statements on the goir@ con￿rn basis unless it is inappropriate to presume that th& chanty wll continue in business. The trustees are responsble for keeping adequate acc¢xJnling records that are suffioent lo show and explain the charity's transactions and disclose wth reasonable accuracy at any lime the financial posrtion of the charity and en8ble them to ensure that the ftnancial ststemenls ￿mpty with the Companies Act 2006. They a￿ also respon&ble for safeguarding the assets of the tharity and hence for lakn"n9 reasonable steps for the prevention and delethon of traud and other iffegularities. Audltor A resolution to reappoint PKF Smrth CooFer Audit knmited a5 audrtor for 2023 will k put to the knnual General Meeting. Small Company provisions This report has been prepared in a￿dance wilh the provIs￿n5 applicable lo companies enlilled to the small companies exemption. Approved by order of the members of the board of Trustees on 25 April 2023 and signed on their behalf by.. P•lr D W A Burgess Page 6 BASIS REGISTRATION UMITED (A company limited by guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BASIS REGISTRATION LIMITED Oplnlon We have audited the financial slalemenls of BASIS Registration Limited (the 'charitable companVI for the year ended 31 December 2022 whKh cornprise the Ststemenl of financial acl1vrt￿$. the Balance sheet, the Slalemenl of cash fbws and the related notes, including a summary of signfficant accounting policies. The financial reporting framework that has been applied in their preparatson is applKable and United Kingdom Accounting standards. including Financial Reporting Standard 102 The Financial Reportsng Standard applicable in the UK and Republic of Ireland. (United Kingdijn GeThe￿ty Accepted Accounting Pra￿￿). In our opinion the finan￿al ststements.. give a true and fair view of the stste of the charitable compan￿$ affairs as at 31 December 2022 and of its incoming resources and application of resources. including rts income and expenditure for the year then ended.. have been property prepared in accordance wrth United Kingdom Generalty A￿epted Accountsng Practi￿., and have been p￿Pared in accordance with the wuiremgnts of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance WTih Intemational Stsndards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those slandards are further described in the Auditors, resp)nsibililies for the audil of the financial stslements section of our reporL We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial ststem8nts in the United ￿'ngdom. in¢luding the Financial Reporting Counul's Ethical Standard, and we have fulfilled our other elhi¢al responsibilities in accordance with these requirements. We beI￿Ve that the audit evidence we have obtsined is sufficient and appropriate to pfovide a ba5b5 for our Opin￿n. Coneluslons rnlatlng to golng concern In auditing the financial Statements. we have conduded that the Trustees, use of Ihe going concern basis of accounting in the preparation of the financial statements 15 appropriate. 8ased on the work we have performed. we have rbot identffied any material uncertaintses rekting to evgnls or conditions IhaL individualty or collectively, may cast signrficanl doubl on the charitable compan￿$ ability lo continue as 8 going concem for a period of at leasl twelve months from when the financtal statements are aulhorised for issue. Our responsibilities and the responsibil￿eS of the Twstees with respect to going concern are described in the relevant sections of this report Page 7 BASIS REGISTRATION LIMITED (A company limit¢d by guarantse) INDEPENDENT AUDITORS. REPORT TO THE IAEMBERS OF BASIS REGISTRATION LIMITED {CONTINUED) Other infomlallon The other infomiation comprises the infomialron induded in the Annual report other than the finanaal slalemenls and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the finanoal stslements does not wver the other infomiation and. except lo the extent othenwise explicitly staled in our report. we do not express any fomi of a$SUrar￿ Conclusion Ihereon. Our responsibility is lo read the other informab.on and. in doing so. conswjer whether the other informatson is materially inconsistent with the financial statemenls or our knowledge obtained in the course of the audit. OT otherniise appears to be materialty misstated. If we identsfy such material inconsistencies or apparent material misslatemenls. we are required to detemiine whether this gives rise to a material misstatement in the financial statements themsefves. If. based on the work we have perfomied. we conclude that there is a material misstatement of this other infomiation, we are required to roport that fact. We have nothing to report in this regard. MattgTr on whl¢h wg arn roqulrod to rnport by •xcopllon We have nothing lo report in ￿Spect of the fdlowing matters where th& Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf. in our opinion.. the information gNen in the Trustee5' report is inconsistent in any material respect with the financial stalemenls.. or sufficient a¢counting records have f￿t been kepl". or the financial slalemenls are not in agreement with the a￿O￿nting records and retums.. or we have r￿t receNed all the I)fomwt￿ and explanations we require for our aLM*I. Responsibilitie# of trust••s As explained more fvlty in the Trustees, responsibilities statemenL the Tru$te8s (who are also the directors of the charitable company for the purposes of company lawl are responsible lor the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such inlemal control as the Trustees detemine is necessary lo enable the preparation of ffinancial statements that are free from material mi$51atèmenl, whether due to fraud or efror. In preparing the financial statements. Ihe Trustees are responsible for assessing the charitable company's abilty to continue as a going concem, disclosing, as applicable, mattets ￿lated to going Concern and using the going concern basis of accounting un￿sS the Trustee5 either intend to liqU￿ate the charitable company or lo cease operations. or have no ￿aliStiC allernatNe but lo do fpo. Page 8 BASIS REGISTRATION LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BASIS REGISTRATION LIMrrED (CONTINUED} Audltorn. responslbllities for the audit of the finan¢ial statements We have been appointed as auditor under section 144 of the Chanties Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives a￿ to obtain reaSona￿e assurance at>)ul whether the ffinanual statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit corbducled in accordance with ISAS {UKI will a￿ayS delect a material mis5talernenl when it exists. Misstatements can arisg from frau¢J or &Nor and are ¢onshlered material if. indivwjualty or in the aggregate. they could reasonably be expected to inltuence the economic decisions of users taken on the basis of these ffinancial statement$. Irregularilies. including fraud, are instsnces of non-compliance with kws and regulations. We design procedures in line with our re5ponsibililie5. Outlined above. to delect material misstatements in respe￿ of irregylarilies, including fraud. The extenl to whKh our procedures are ￿pable of detects.ng irregularities. including fraud is detailed bdow.. We identified that the Princ￿ risk of fraud or non compliance with laws and regulations related lo.. management bias in respect of accounting estimates and judgements made". management overyide of control. posting of unusual ioumals or transaclions We f¢xussed on those area that coukl gNe rise to a material miss1aleff￿I in the Company financial slalements. Our procedures included. but wer8 not limited to: Enquiry of management and those charged with governan￿ around ¥tual and potential litigat￿n and claims. including instance5 of non•compliance wrth laws and regulalK)ns and fraud," Reviewing minutes of meetings of those charged with governan￿ where available.. Reviewing legal expenditure in the year to Mlenlrfy instsnces of rw-cLryliance with laws and regulations and fraLKI Reviewing financial statement disclosures and lesting lo SUp￿rtIng (h)cumentaliDn lo assess compliance with applicable laws and regulations. Performing audit work over the risk of fflanagement override of controls. including testing of joumal entries and other adjuslmenls for appropriatene￿. evaluating the business rationale of 5ignrficanl transactions outside the normal course of business and rewewin9 accounb.ng estimates for bias. In particulai the prowsions for doubtrul debts and deferred income. It is the prirnary responsibility of managemenl with the oversight of those charged wrth governance. lo ensure that the entivs operatsons are conducted in accordance with the provisions of laws and regulations and for the prevention and deteCt￿n of fraud. Because of the inherent limitstion5 of an audit. there is a risk that we wll not detect all irregularities, including those leading lo a material misstatement in the financial statements or non•compliance with Tegulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial sLilements. as we wll be less likely lo become aware of instances of non-cornpliance. The risk is also greater regarding irregularities occurring due to fraud rather Ihan error, as fraud invofves intentional concealment. forgery, collusion. omission or misrepre5entab"on. A further deseription of our responsibilrties for the audrt of the financial slalements is located on the Financial Reporting Couwl'$ website at.. T*WW.trc.o .ukJauditors nsibiliti'es. This description lo￿$ part of our AUd￿Or5. report. Page 9 BASIS REGISTRATION LIMITED (A company 16mit¢d by guarantee) INDEPENDENT AUDifoRS' REPORT TO THE MEMBERS OF BASIS REGISTRATION LNrrED {CONTINUEDI Use of our report This report is made solely to the charitable c¢Nnpan￿$ trustees. as a body. in ac¢ordance with Part 4 of the Charitie5 (Account5 and Reports) Regulats"ons 2008. Our audit work ha$ been undertaken so that we might slate to the charitable compan￿$ Iruslees those matters we are required to state lo them in an Auditors, report and for no other purpose. To the f¥Jllesl extent permrtled by law, we do not accept or assume responsibility to anyone olher thon the Chorilable company and its membeTS. as a boo*. for our audit work, for this report, or for the opinions we have formed. Jafflos Delve (Sonior statutory audilor) for and on behalf of PKF Smith Coop•r Audit Limited Slalutory Auditors 1 Prospect Place Millennium Way Derby Derbyshire DE24 8HG 3 May2023 PKF Smith Cooper Audit Limited are eligible to act as auditors in terns of secttr)n 1212 of the Companies Act 2006. Pag• 10 BASIS REGISTRATION UMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTtvtriES (INCORPORATING INCOME ANO EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted fund8 2022 Total funds 2022 Total funds 2021 Note Income Irom: haritable actNibes 1,711.395 11.632 1.711.395 11.632 1.309.239 24,911 Investments Total income 1.723.027 1.723.027 1,334, 150 Expenditurè on: Charitable actNi11gS 1.823.777 1,823,777 7,514.863 Total expendlturo 1,823.777 1.823.777 1,514,863 Net expenditure before net losses on investments Net losses on investments (11KI,750) 135A70) (100.7SO) {35.470) (180. 713) (2,910) Net movoment in fund8 (136.220) {136,220) (183, 623) Reconciliation of funds: Total funds brought forward Net movement in funds 921.258 (136.220) 921.258 (136.220) 1.104,881 (183,623) Total lunds ¢arrl¢d forward 785,038 785.038 921,258 The Statement of finanual activities includes all gains arKI losses reC¢>jni￿ in the year. The notes on pages 1 S to 29 fom part of these financial statements. Page11 BASIS REGISTRATION LIMITED (A company Ilmitod by guaranl•e REGISTERED NUMBER: 01365343 8ALANCE SHE AS AT 31 OECEMBER 2022 2022 2021 Fixed assets Intangible assets Tarbgible assets Investments 12 305,152 462,821 403.750 295,636 459.909 439.805 13 14 1.171.723 1. 195,350 Curr•nt as80ts Debtors Cash al bank and in hand 15 320,523 287,194 318.350 379.486 607.717 697.836 Creditors." amounts falling due within one year 16 (994.402) f971,928) Net current liabilities 1386.6851 (274,092) Total assets l¥$s currnnt liabilititss 785,038 921.258 Net assets ?x¢ludlng penslon as¥et 785.038 921,258 Total n•t ass•ts 785.038 921.258 Chadty lund$ Restricted funds Unreslricled funds 18 785.038 921,258 Trfal funds 785,038 921,258 Page 12 BASIS REGISTRATION LIMITED IA Company Itmited by guarante•) REGISTERED NUMBER: 01365343 BALANCE SHEET {CONTINUED) AS AT 31 DECEf41BER 2022 The entity was entsiled to exemption from audit under sectw 477 of the CoMpan￿S Act 21￿. The members have not requifeij the entity lo obtain an audil for the year in question in a￿rdance with section 476 of the Companies Act 2CK6. However, an audit is requwed in xcordance wtth section 144 of the Chanties Act 2011. The Trustees acknowledge their responsibilit￿$ for comptying wilh the requirements of the Acl wth respect to a￿untIng recoids and PrePara￿n of financral ststements. The financial ststements have been prepared in a(X0rdan￿ wilh the provisions appliCa￿e to entities subiect to . the small companies ￿giMe. The financial ststements were appmed and authorised for issue ty the Trustees on 25 April 2023 and signed on their behalf by.. Mf D W A Burggss (Chair of Trusleesl The notes on pages 15 to 29 form part of these ffinanu81 ststeffents. Page 13 BASIS REGISTRATION LIMfTED {A company Ilmltod by guaranto91 STATEMENT OF CASH FLOII¥S FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Cash IIow8 from operntlng •ctlvltles Nel cash used in operating aclivities 15,366 18.807 Cash flows from inv•sting xlivilies Dividends, interests and rents from investrnents Purchase of intangible assets Purchase of tangible fixed assets Proceeds from sale of investments Pur¢ha$e of investrnents 11.630 1111.233) (8,055) 24.911 (175,923) f8.635) 200.000 (14.248) Net cash {used inllprovided by investing actlvttles 1107.658) 26.105 Cash flows from financing activities Net Gash providod by financing •divitRs Change in cash and cash equivalents in the year Cash and cash eqLtivalents at the beginning of the year (92.2921 379,486 44.912 334.574 Cash and cash equival•nts at th• •nd of the year 287,194 379.486 The notes on pages 15 to 29 fom part of these financial $tatements Page 14 BASIS REGISTRATION LIMITED IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2022 General inft+rm•tion The charity is a Pr￿￿te charrtatAe company lirnited by guarantee. registered in England and Wales and a registered charity in England and Wales. The addrevs of the registered office is St Monica's House. 39 Windmill Lane, A5hboume, Derbyshire. DE6 1 EY. Accountlng pollclos 2.1 8•818 of preparntlon ol flnanclal Statements The financial statements have been prepa￿d in ac¢ordan¢e with th& Charitres SORP IFRS 102) - Accounting and Reporting by chant￿s.. Statement of Reeommended Practs'ce applicable to charities preparing Iheii accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. 8asis Registration Limited meets the deffiniknon of a public benefit entity uThler FRS 102. The financial statements have bèen prepared on the historical cost basis. as modffied by the revaluation ol certain finanaal assets and liabilities and investment properties meaSU￿d at fair value through income or expendrture. The financial statements are prepared in slerling. whi(*b is the functional currency of the entity and are rounded to the nearest £. 2.2 Going conc•rn The Trustees have considered the appropriateness of the going concern basi$ of the preparation of the finanual statements by conshlering a per￿ of al least 12 months from the dale of the approval of these financial statements_ The Trustees are of the opinion that there are adequate resouT¢es available to conb'nue trading for a period of at least 12 months. On behalf of the directors of BASIS Registration Limtled. the members of the Audit Risk and Remuneration Committee have reviewed and challenged the overall financial performance of the company during 2022. and the financial structure of the company on 31 December 2022. The di￿lOr5 recognise that the loss that was incurred during the financial year 2022 resulted from continued cost5 in respect of the business transformat￿n lo a digital opeiational struclure, for which projections show the likely beneficial impact wll be seen in the financial year 2023. That nO￿lth$￿ndirt9, the directors are satisf*d that the company has sufficient reserves lo meet its commitments for the foreseeable future and is a going concem. 2.3 In¢om• AJI income is recognised once the Charity has entiilernent lo the income. it ts probable that the income will be received and the amount of income receivab￿ can be measured reliably. Income tax recoverable in relation to investrnent income is recognised al the Imne the investment income is receTrvable. Page 15 BASIS REGISTRATION UMITED IA cornpany Ilmlted by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies (continu￿) 2.4 ExpeThdlture Expenditure is recognised once the￿ is a legal or constructive obligation to transfer economic benefit to a third paty, il is probable that a transfer of economic benefits will be required in setuement and the amount of the obligation Can be measured ￿lIablY. Expenditure 1$ classffied by activity. The costs of each athity are made up of the total of direct costs and shared costs, including SUPPQrt costs invofved in undertaking each actrvity. Direct costs altributable to a single activity are allocated directly to thal acts'vity. Shared costs which contn.bule to more than one activity and support costs which are not attributable to a single activity are apportioned belween those activib"e5 on a basis consistent with the use of resources. Central staff c051s are alloeated on the basis of s￿nI, and depreeialion charges aliwated on the Po￿"0n of the asset's use. Expenditure on charitabk acbvtbes is in¢urred on directty undertaking the act[vil￿5 which further the Chari¥s objectives. as well as any associated support costs. All expenditure is irKlusive of irrecoverable VAT. 2.5 Research and development Devebpment cosls are capitalised within intangible assets where they can be identrfied with a specific product or projecl anlicipaled lo produce future benefits, and are amortised on the straight line basis over the ant￿pated life of the benefrts arising from the ￿Mpleted product or projecL Deferred research and development costs are re¥￿ed annualty. and where future benefits are deemed to have ceased or lo be in doubt. the balance of any related research and development is vlrilten off to Ihe Statement of finawd act1W￿S. 2.6 Intsngibl• ass•t3 and amorti5ation Intangible as5et5 are initially rectr3nised al cost. After ￿QgnItion. under the cost modèl, inlanyible assets are measured at cost less any accUmu￿ted amortisation and any accumulated impairment losses. Amortisalion is provKled on intangibl8 assets at rates calculated to wnte off the ¢osl of each asset on a slraighl-line ba515 over its expected usefvl lrfe. Amorti&ition is provided on the following basis: Computer sofhvare 25 % Straight line Page 16 BASIS REGISTRATION UMITED (A company limft•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies Icontinuedl 2.7 Tangibl• fix￿ ass•ts and depreciation Tangible fixed as5e15 are initially recognised al cost. After recognition. under the cost model. tangible rixed assets ar8 measured at cost less accumulated depreciation and any accumulated impaimenl losses. All costs incurred to bring a tangible fixed asset into its intended working condition should b8 included in Ihe measurement ol cost Land and Buildings are measured under the ￿valuation model. After recognition, tsngible fixed assets whose fair value Can be measured reliably shall be carried al a revalued amount. being their fair value al the dale of ￿valUation ￿$$ any subsequent accumLtlated depreciation and subsequent accumulated impaiimenl losses. Revaluations are made with suff￿1ent regularty lo ensure that the Car￿n9 amount does not differ malerialty from that whth would be detomiined using fair value at the end of the reporting dale. Fair values are detem7ined from market-based evidence by appraisal that v3 normally undertakgn by professionally qualifth valuers. If there is no markel*ased eviden￿ of fair value because of the specialised nature of the tsngible fixed asset and it is rarety sold. excepl as part of a contributin9 business, a Charity may need to estimate fair value using an income or éepreciated reptacemenl cost approach. At each reporting date the Chanty assesses whether the￿ is any indication of impaim)enL If such indication exists, the le￿Verable amount of the asset 15 determined to be the higher of.ils fair value less costs lo sell and Tts value in use. An impairment loss is recoynised where the carrying amount exceeds the recoverable amounL Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. using the strawjht-line rnelt￿. DepreCiat￿ft is provided on the folkpwing basis" Comwter equipment 33% Strayhl line No depreciation is prowded for Land and Building$ on basis of the property having a high residual value. Annual impaim)ent re￿e￿$ are undertaken. A full yearf$ depreciation is provided for the year of addition and none in the year of disposal. 2A Investmènts Fixed assel investments are a fomi of financial instrument and a￿ intslly recognised at their tran&xtion cost and subsequenty measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case rt is measured at cost less impairment. Investment gains and losses, whether r8alis8d or unrealised. are combined and prèsented as 'GainsllLosses) on investments, in the Statement of financial actiwbes. Investrnents in subsidiaries a￿ vaFued al cost less provisw)n for bmpairmenL 2.9 Debtors Trade and other debtors are recognised at the setttemenl amount after any trade discount offered. Prepayrnent5 are valued at the amount prepaKI net of any trade discounts due. Page 17 BASIS REGISTRAnoN LIMITED {A comparby limited by guaranle• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2022 AccountlThg policies (continued) 2.10 Cash at bank •nd In hand Cash al bank and in hand indudes cash and short-tern highty liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.11 Liabiliti•s and provisions Liabilities are fecognised when there is an obligatiorb at the Balance sheet date as a result of a past event. il is probable that a transfer of e￿nOmiC benefit wll be required in settlement, and the arnount of the settlement ran be estimated reliably. Liabilitie5 are recogni5ed at the amount that the Chanty anticipates it will pay to settle the debt or the arnount it has receive(l as advanced paJThents for the g)ods or services il must provide. Prowsions are measured al the best estimate of the amounts required to settle the obligal+on. Where the effect of the time valua of money is material, the provisiori is based on the present value of those amounts, discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount 15 recognised in the Statement ol financial activities as a finance cost. 2.12 FiTh*ncial in#truments The Charity onty has finanual assets and fmanual liabiliti8s of a kind that qual.fy as basic financial in5tTuments. Basic financial instruments are inibalty recognised al Iranwtson value and subsequèntly m&asLtred at their setuement value with the excepbon of bank loans which are subsequently measured at amortised cost using the effective interest melhod. 2.13 Pon$lon$ The Chanty operates a Workplace Pension Schemè with Seottbsh Widows. 2.14 Fund accountin9 General funds are unreslricted funds wh￿h are available for use al the discretion of the Trustees in furtherance of the genera5 0￿"eCt￿eS of the Charity and which have not teen designated for other purposes. Investment Ybcome. gains and losses are alloealed to the aN)iopriate fvnd. Critical a¢¢ounting •slimat•s and ar•as of judgment Estimates and judgments are continually eva￿ated and are based on historul experience and other tsctors, including expectations of future events that are believed lo be reasonable under the ircumslances. The Charity makes eslimales and assumptions concerning the future. The resulting accounting estimates and assumptions will. by definit￿)n. seldom equal the related aclual results. The estimates and assumptions that have a signrr￿ant risk of causing a material adjustrnent to the earrying amounts of assets and liabilities within the next financial year are the prOvis￿D against doubtful debt and the deferred income eslirnalion. P8g• 18 BASIS REGISTRATION LIMrrED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8eR 2022 In¢ome from charitable activiti•s Unr•stri¢t•d funds 2022 Total funds 2022 Tot81 funds 2021 Auditing and compliance Examination and trainin9 Professional register Sundry income BASIS ¢la$sroom 368.472 501,321 741.134 368,472 $01,321 741.134 354,510 336.333 618.377 19 100.468 11)0.468 1.711.395 1.711,39S 1,309.239 Investment income Unr•stri¢t•d funds 2022 Tolal funds 2022 Total funds 2021 Income from investment propeths. Income from listed investments Bank interesl receNable 10.260 1.368 10.260 1,368 10.450 14,213 248 11.632 11.632 24,911 Page 19 BASIS REGISTRATION LIMITED IA company limited by guaranteè NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Anatysls of oxpondilure on ¢hari¢•ble a¢tlvltles Summary by fund type Unr•strict•d funds 2022 Total 2022 Total 2021 Management Auditing and compliance Examination and training Professional wi$ter BASIS classroom 1.445,997 97,156 113,156 51.008 50,836 65,624 1.445.997 97.156 113.156 51.008 50,836 65,624 7.234.067 86.638 92.365 59.603 Support costs 42, 190 1,823.777 1,823,777 1,514,863 Analy$iB of èxpenditure by activitles Actt¥itl&s undertaken directly 2022 Total funds 2022 Total funds 2021 Management Auditing and compliance Examination and training Professional r8gi$ter BASIS dassroom Support costs 1,445,997 97.156 113.156 51,008 50.836 65,624 1,445.997 97.1 $6 113.156 51.IXI8 50.836 65,624 1,234,067 86.638 92,365 59,6Q3 42,190 1.823,777 1,823,777 1,514,863 Auditors. remuneration 2022 2021 Fees payable to the CharrV5 auditor for the audit of the Charitr/s annual a￿￿nts 7,850 7,500 Page 20 8ASIS REGISTRATION LIMITED IA company Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Staff costs 2022 2021 Wages and salaries Social security costs Contribution to defined Contribut￿n pension schemes 878.915 89.991 77,940 669.316 70,349 66.033 1.046.846 805, 698 The key management personnel claI securty Other credito A￿rual$ and deferred in￿rne 75.426 19,755 817.119 121,653 3.155 801.771 994.402 971,928 Page 24 BASIS REGISTRATION UMITED {A ¢¢mpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEM8ER 2022 17. Accru•18 and d•l•ffed Income Included wthin accrua15 and deferred inrA>me 1$ a deferred income balance of £790,225 12021.. £749,958). During the year. the full prior ￿ar balance of £749.958 was released. al￿ a further £790.225 was defeired in the current per￿d. A large majorty of the Charitvs ineome is in relation to professional registers which relate to specffied periods. It 1$ appropriale to recognise Ihe income against the period in whKh il relate5. as such a deleffed income balance arises. Page 25 BASIS REGISTRATION LIMITED IA Company Ilmlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of funds Statement of funds- current year Balanc• at 31 Gain￿ December (Losses 2022 8alanc• at 1 January 2022 In¢om• Expenditurn Unrestrict•d funds General Funds- all fvnds 921.258 1.723.027 11.823.777 (35,470) 785,038 statomont of funds . prfor yoar Balance at 31 L)ecember 2021 Balance at l January 2021 Gain (Losses) Income E¥p6nditu Unrestrict￿ funds General Funds - all funds 1. 104.881 1.334. 150 (1.514,863) (2.910) 921.258 19. Summary of Summary of funds * eurrnnt y•ar Balance at" 31 Gainsl D•c•mb•r (Losses) 2022 Balan¢• at 1 January 2022 Incomo Expenditurn General funds 921.258 1,723,027 {1,823.777) 135.4701 785.038 Summary of funds - prior year 8818nce 81 31 December 2021 Balance al 1 January 2021 Gains/ (Losses) Income Exp9nditure General fvnds 1.104.881 1.334. 150 fl,514.863) {2.910) 921,258 Page 26 BASIS REGISTRATION LIMITED {A company Ilmllfjd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 20. Analy818 of net assets between funds Analysls of net assets b8tw••n funds - current year Unreslricted fund8 2022 Total funds 2022 Tangl￿e fixed assets Intangible fixed assets Fixed asset investments Current assets Creditor5 due within one year 462,821 305,152 403,750 607,717 {994,4021 462,821 305,152 403,750 607.717 1994.402) Total 785.038 785.038 Analys18 of net assets botwe8n fvnds - prior year Unrestricted funds 2021 Total lunds 2021 Tangible fixed assets Intsngible fixed assets Fixed asset investments 459.909 295.636 439,805 697,836 (977,928) 459.909 295.636 439.805 697.836 (971.928) Current assets Creditors due within one year Total 921,258 921.258 Page 27 BASIS REGISTRATION UMITED {A company Ilmlted by guarant•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 21. Reconciliation of n•t movement in fund$ to net cash Ilow from operating •ctivitio8 2022 2021 Nel expenditure for the year18s per Statement of Financhql ActTvilies) 1136.220) [183,623) Adjustments for: Depreciation charges Amortisalion charges Lossesl{gainsl on investments Dividends, interests and rents from investrnents Decrease in stocks Increase in debtors Increase in Cfedrtors 5.143 101.717 35,470 111.630) 4.529 2.970 (24,911) 2.175 (191,156) 408.943 (2,4061 23.292 Net cash provided by operating activities 15.366 18.807 22. Analysls of ¢a8h •nd Cash •qUNal•nts 2022 2021 Cash in hand 287.194 379.486 Total cash and Cash e4uiv•lents 287.194 379.486 23. Analysis of chang•s in not debt At1 January 2022 Cash flows At31 Doc•mb•r 2022 Cash at bank and in hand 379.486 (92.2921 287.194 24. P•nsion commitments The Charity op8rate$ a defined contnbution pension scheme. The assets of the scheme are held separatety from those of the charity in an independenty admlntste￿d fund. The pensson cost charge represents conlributions payable by the charity to the fund and amounted to £77.940 (2021.. £61.8891. Contributions of £10.935 {2021". £1.3071 were payable to the fund at the baknce Sheet dale and are Includ￿ in creditofs. Page 28 8ASIS REGISTRATION LIMITED (A company limitod by guarant•è) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 310EceMBER 2022 25. Oyratlng leas• commitmonts Al 31 December 2022 Ihe Charity had c(Nnmitrnents to make fvture minimum lease payrnents under non- cancellable operating leases as folkyws: 2022 2021 Not later than 1 year Laler than 1 year and not later than S years 40.743 35,032 21,661 21.840 75.775 43.501 Lease paymgnts total￿n9 £38.242 (2021.. £30.583) have b8en recognised as an expense during the year. 26. Related p*rty tr*nsa¢tion8 During the year the followng transadions took plac* at ami's length betrmeen the charity ar*d related parlies.. PayThenls lor PR serv￿e$ of £1,478 {2021". £2,802) were made lo G Dodgson. Al the balance sheet date £1.13612021'. £972) remained outstanding. Payments for Amenity subscription fees of £3.350 (2021.. £2.600) were made to a company in which J Moverley is a director in common. Sales of £47.927 and purchases of £nil {2021." £1.768 and £3401 respectively were made to companies in which S Everett 1$ a director in ¢omrnon. At the balance sheet dale £1.77512021.. £1.7351 remained due from these companK?s. Sales of £nil12021' £340) were made to companies in D W Burgess is a director in Common. Purthases of £7.66812021.. £4.3621 were made from R Fern¥￿k in relatKJn to Exam Chaiman fees. Purchases for advisory work of £3.000 (2021: £nil) were made from a company in which M Wearden is a director in common. Pag8 29