Reglstered number: 01365343 Charity numb•r: 1077006 BASIS REGISTRATION LIMITED (A company limlted by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2023 8AS15 REGISTRATION LIMtrED {A company lknll¢d by 9uarnn¢••) ONTENTS Page Reference and admlnlslratlvo detalls of th• Charlty. Its Tntst••s and •¢fvlMrs Truslèe$' report pvndont wdltows. report on the financlal $tatoments Sl•t•ment ol Ilnanclal activltlos 8-11 12 Balance SI￿et 13-14 Si•tgmont of ¢a$h flows 15 Noto8 lo th• flnanclal statem￿ts 16-30 BASIS REGISTRATION LIMITED {A company limit•d by guararbt••l REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR TrIE YEAR ENDED 31 DECEMBER 2023 TNsteos Mr M Ball. Trustse (4wknled 13 Docembw 2023) Mr D J Benth. Truslee Mr D W A Burgess. Cha Mr D L Calms. Tnjstee Mr P J Corbett. Tn￿ee (apFointed 25 April 2023. re*g￿ 13 December 2023) Mts S co￿rIck. Tnjstee Rev G J Dodgs(￿. Truslee Iresigr18d 25 2023) Mrs S A Everett. Trustee Mr R Fenwick, Twstee Mr P Gadd. Trust8e Mr C Godwin. Twsteè {rwnad 17 Fel%￿Y 20231 Irs J Hèwitt, Trusteè rs M May. Wice Chawrnan Mrs S F Melrose. Trustee {resi9ne6, spc*ts grounds and other public and private spaces the pronh)lion of Integrated Pest M￿lI1pm) technhiues bwthin the UK'S National Action Plan framework for act*)n b achieve the sustainable use of pestsudes Our actiwties includè.. organising educalion atKI traning pmgranwngs up lo a)d InC1￿j1n9 Quallty Assurance Agency IQA4) Iwel 6 {including BASIS Diploma in Crop Protectson) the ¢reatitin and maintenance of a POrff￿h? ofexaminatKfftS whth are a¢tredited through QAA higher edUcat￿n and are regularfy updated the offJanisation and provision of examina1*￿ for advisws through￿ the United KiTrJdom and overseas We have established maintswi Pffjlessi￿ Registers for advisors to iDkn and maintsin their Professional Register status through Continuing professK￿al DeveloW￿. BASIS also se8ks lo advance 8duc3tion [ffOfess￿al staThJards in the storage and dis1ri￿thon of professional plant prOts(*￿ prc*Jucts and ferthets. We do this by providing training programmes for store keepef5, by operating a 51atutorl*recogr¥sed store iTrspeCli￿ scheme and conthJcting annual store Inspect￿)nS. In seeking to raise standwds ￿ Thmyk with departhnts including the Departm8nl for Envir(mmenl, Fcear environmenl plan. Additi(￿ally, a d¥Jital kaming Flattorm. BASIS Classroom. received significant inv8Stmenl lo provide our membership with ongoing C￿tinuIr￿j professional devek)pment, tx)th agronomic and envSronmentally focused training mc#Jules for ￿ViserS aThJ larnj manager5. During the Year look cffi 3 new professKfflal Tegsters. Ihese are the National Register of Sprayer Op8rators INROSOI on an initial >￿ar temi w0￿1ng n partnership ￿ the Voluntary Iniliative (Vll. This has embedded extremely well. and we now provKle Serv￿¢$ fcrf 21.cw spra)*r operators Ma this inilkqlivg. AddilTronally, we have transforred ownership of PigPro and D8iryPro fr(Mm the Agricultu￿ Horticulture Devek)pmenl Board IAHDBI. This bringing almost SOIX) new members. These registeis Ma￿ a significant growth for basis and provide a plattom for that growth to continue in the comiry ￿[s. A¥JJitlng and Cornpliance During 2023. BASIS inspectgd 525 (2022 - 547) registered Plant Protection Producl st￿e5. of the pass rat8 has remained consbstenl al 99% (2022- 97%) reath#YJ the requlred stsndard. Athjitionalty, BASIS wovides independent arnjal onsite *Jdits to venfy that professional use rodenticides are only sold to certified users meeting the wint￿-sa￿ requirements the Campaign for Responsible Rod8nlicid8 Use ICRRUI. 652 premises received p(Mnl of sale a￿thts in 202312022- 6881. Annud assessment amenity con1w1￿5 resulted in 77 knenity Assured Contractors (2022 - 801 being audited and 237 Lawn ksured Scheme member5 being awJit&J ￿ 202312022- 173). Training and Educatw)n Advancing educal¥)n is a key charilabb obiec*ve. kn 2￿. 2,06812022 - 2,3641 in(*vithJals b8nefltt8d dlrectly from BASIS trwning and assessmenl. Addit￿nalty. 20 agronomists were awarded the 8ASIS Diploma in Crop Protection - our highest awar(J. bri￿1ng the total number of agroTh)mtsts with the Diploma to 370. The number of professlonals who have rThv achieved the Harper Adams Graduate Oiplorna stood at 27 by the ￿ar end. A nLKnber of new tr?ining modules w9rg devewd tn 2023 Ihe BASIS Cerbficale in GreenlK*use Gases, th8 8ASIS Certificate in AY Quality arnl Cth)n and Climate change mitigation. Prolessional Registers Continuing Professional Development ICPDI and the Professional R￿iSterS Numbers on Ihe BASIS Professional Register sto(xl al 6,193 {2022- 5,9731. FACTS Quallfied Adviser membership stood at 3,57712022- 3.6291 and FACtS Subscribers stood al 349 {2022 - 394) paid up member5 al the end of 2023. assessment for all FACTS Qualifi8d advisers {FQAsl continued to provide demon$lrabl¢ quality assurarKe of wofessional slandaT(Is aThJ is now an eslablished compulsory annual memb8rship r8quir8ment FQAS to maintsin thwr status. The theme of the 2024125 annual assessment wll be Making Best Use of Appl*d organ￿ Materials. Turf Iheme: Properties and Sources of Nutrients and Their Use f(K Turf. HOrIK￿lIUr8 IheTh: Nutsient Use for PIDrticulturè PROMPT and AJn8nity Regist8rs During the year PROMPT membership stwj at 3.402 aNJ memt*rs of tt* BASIS Amenity Training Register redu¢8d to 111 12022- 116). Envirc￿M8ntal Advisers Ragist8r The Environmental Advisers Register. launched on 1 June 2022. recognises a￿redIte(l, trusted pYof8ssionals delivering environmentsl advice lo famws arKI larKJ manwJers aernss the United King¢S)m. Page 4 BASIS REGISTRATION LIMITED {A company Ilmlt•d by guarant••l TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2023 BASIS are W￿1r¥) dosely with DEFIIA to enswe thal the En%Aronmenlal Advisers Register supports thè delivery of the Enwronmenlal Land Management Scheme$ *KI other awtenvironment funding opportunities. As an induslrTrkd initiative. DEFRA has idenlified the need for farmers ond laThJ managers to fiThJ twsted advisers in their local ar8a supp￿ts th& 8ASIS En￿ronMen1al knisafs Register 8$ a way to facili1818 these links. BASIS Clasgr(x)m In 2023. 8ASIS Classrocrfn conlinuad to expand its cffllne CPD pthlo to indude a number of new paid4or online leornir#J experiences. These ndude Principles of Cart*)n a￿{ Nel Zero. the ImFwving Soils Health serfes, the first course in the IPM SerTes- Creating an IPM p￿n, and finalty an update lo the Prlnciples of Sustainable Land Management to Incorp￿ale update5 to sustainab￿ Famiing Incentive. The PrinciFAes of Carbon and Net Zero CCWTse sYo¥ths an irtsight into ￿e￿Ing carton and grgenhouse gas emissions and an understanding how the indiwdual. ￿1r tKAsiness or that of their client's. can benefit from putting a focus on carbon and contribulirrfJ lo net zero with positwe beneffts on productNity and profitability from grealer effiuency. Flnanclal r•vlew R8sarves In keeplng y￿{h the Charities Commissicrf) gudance on reserves. the Board of BASIS has a policy lo hokl unr8sITKted reserves. in order lo ensure the continu8d actNities of the compary in times of reduced income. The current policy. agreed in 21¥J9, was to hold six months of Ihe cost of wnning the business in resetwes to moel unexpected demands on the charity. Currenty. unfestricted r8seThes are £521,842, representing 18% of the total resoLrces expeNle(l in 2023. This totsl expenditu￿ ¥ras £2,875,863 {as shown on page 12). The res8rv&s FY)Iicy is wew8d ￿nU￿ty. Income Totsl incknme from the charitable activities of BASIS totsied £2.597.497 in 202312022 - £1.723,027). Al funds hav8 bgan allocated to support tharitabl8 and g8n8ral ¢w8ralional 8x￿r￿lItur8. Totsl expendlture inueased In Ilne ¥￿th growlh lfft tswnoyer arKI ￿llects the swJntfKanl investmenl the ¢harty is Ma￿Thj in imprO￿g Is membership and ethcalIc￿al infrastrWr8. During Ihe yBar the Trustees approved Ihe continue¢J development of 8ASIS Clawoom. a duital learning plalform, that supports our members advanong their professK¥nal development from their office. or home. With the ffiT5t paid for conlenl launching n June 2022 to support ￿ViserS knd managers adapt to newly introduced *gricultural and environmentsl legislatw. BASIS Cl3ssro)m contributed jusl over £88.000 of income in 2023 aThJ is forecast lo grow sigrdfKantty in thè coming ￿ars. DMJilal d￿810pment costs have been recognised in ihe Financial Ststements as ￿ intangible asset and wbl be amortised over a perknd of four years. Our staff are key to the success of the project ￿ a prc*Jramme of tr•nYu is undgpway to develop our leam to ensure that BASIS continu8s to me8t ils tharitab18 obioctives and Ih8r8by b8n8fit the industy that it saN8s. We will continue tr) seek out recruit exceptional taknt in every a￿a of the ￿anisat￿ll. Investments The majority of BASIS reserves are hekl as inves1￿lS.. these increased by a n8t amount of £15,170 during tho year. Risks An anr￿al risk management rewew hebs Klentify and mwe issues that cc¥Jld impair our abthly to achieve our hariiable objectives ￿ a0￿er$elY impacl the organisatw *i other ways. Trustees are ultimately reswnsible f￿ risk manwjement arKI tha BASIS Audit. Risk and Remuneration committee oversees the Risk Register whith reccffth rssues arKI tracks hcrtv Ih8y are addressed on an onwing basis. Page S BASIS REGISTRATION UMITED IA company Ilmlt•d by guarantse TRUSTEES REPORT (CONTINUED) FOR THE YEAR E14DED 31 DECEPABER 2023 Health and Safety The health arKI safety of stsff. volunteers. tenants and visitors is paraM(￿nI. An Intsmal Health and Safety Committee. an external ¢(￿s￿￿nI kn38thw wilh a named Trustee oversee actiwty in this area. Our People The Boartl is gralelul for Ihe dedThtion of the BASIS stsfl. who have. again, WO￿ hard lo provid8 a service lo membèrs. the in￿S￿and the wid8r wblic. Tangible Fixed Assets Following an independent valuation of Sl Monv's House dated 05 November 2021. its value was not adjusted. The nexl1ri4nnual valuatw)n is thJ8 to take pkce n 2024. Statsmont as to dl•¢losure of infOrn￿￿ to audlt¢xs In so far as the Trustee5 are aware.. there is no relevant audil infomwtion of t￿m¢h th& ch8ritsbb c{wn￿$ wth1o￿ are unaware. and the TNstees have taken al steps that they ought to have t&ken to make themsefv85 awar8 of any relevant audit inform81ion and to éstablish that the auditors are aware of Ihal ￿1c￿all0n. Plans for ftrtur• wlods The charity intends to develop the bUS￿e$S to ccffitinuè to meet ils obiectrves and the futufe demands of the UK agricultural, hcKbcutiural aTYJ allied iTrJuslries. TA￿￿0$. respon$lblUtlgs slalwnent The Trustees, who are also difectofs f(¥ the p1xpos￿ of company law. are responsible for Preparing thé Trust8&s' r8P¢)rt and the finanual stst6ments in ae¢¢Jrdance applKable law and Unite(l Kingdom Accounting Standards (un￿ed Kin￿J(M￿ Generalty Aecepled Accounting Prxti¢o1. Company law Mul￿$ the tharity Trustees to prepare finan￿￿ slatemgnts for year whith give a true and fair wew of the state of affairs of the charitatle eompany and incomlng resour¢es and application of resources, includSng the knwme and expendiiure. for that period. In preparing these fin￿¢la1 statements. the TTUStges are rewired lo.. seleci suitable accountirrfJ policles a4￿ then appty them consistenlly., observe the mth(MJs principles in the applicable Charities Statement of RecommefKJed Practices ISORPI.. make judgments and aC￿unting estimates Ihal are reasonab￿ and pNdenl', prepa￿ Ihe ffinancial ststements on the g(¥ng ¢xncem basi5 unless it is inappropriate to presume that thè charity wll continue in buslness. The Trustees are Tesponsibl8 for kee￿n9 *quate accountiry recor(Is that are suffic#enl to show and explain the charitys tfansadions and disdoso ￿ reasonale a¢>%racy at any time the financial position of the charity and enablg thèm to ensure that Ihe financial statements compty wiu) the CwiaThes Act 2006. They are also reSp￿sible for safeguarding Ihe assets of the ca￿ty and hence ￿ taking reasonab18 St8ps for the prevention and detection of fraud and other irregularities. Auditor BASIS Registration Limited will go to tender audittys in 2024. Page 6 BASIS RE&STRAnoN UMITED (A company limited byguarantee) TRUSTEES, REPORT ICONnNUEDI FOR THE YEAR ENDÉD 31 OECÉM8ER 2023 Small conyany prty*lslons Thi5 report ha5 been prepared in accordance with the provisions applicable to companies entitled tD the small companies exemption. Appro¥ed byorder of the members of the ts)aid of Trustees on 22 Juty 2024 and signed on their behalf by: Prof J Moverley (Honorary Treasurer) Page 7 BASIS REGISTRATION LIMITED (A company 11m1t￿ by gu￿￿1••) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BASIS REGISTRATION LIM￿ED Oplnlon We have audited the financial stslements of Basis Registrat￿ Limited (the 'charitable compan￿) for the yèar ended 31 December 2023 *hich comprise the Statement of fmancial activtties. the Balance sheet. the Statement of cash flows aThJ the relat￿ notss. indudry a summary of significant accounting policies. The financial reporting framework that has been ap￿led in Iheir weparalion is appl￿ble law and United Kingdom Accounting Slandafds, includirvj Financial Re￿rtI¥j Star*dard 102 The Finanoal Reporting Standard applicable in the UK and Republic of IrelaNI (United Kinwjxn Generdlty Acceplwj ALy>)￿ting Practice). In our oixnion the financial statements: give a true and fair view of the state of the elwita￿e compatys affairs as at 31 D&embèr 2023 and of its inconmng resources and a￿l¢sIK￿ of resourc￿. induding its wKome and expendibjre for the year then ended,. have been property wepared in &cordance with United Kin9Jom Generally Accepted Accounting Practtce,. and have been prepared in xc(yd￿ce with (he requirements of the Charilies Act 2011. Basls for oplnlon Wg conthjcted our audil in accordance with lntemati￿aI StsrnJar(Is ￿ Auditing {UK) (ISAS (UKI) arvj applicable law. Our rèsponsibilitss under those standards are further described in the Audltors. resw)nsibillties for the audit of th8 financlal statements section of our report. We are &ndependent of the charitable company in accordance with the ethical requirements Ihal 8r6 relevant to audit of the financial statements in the United Kingdom, induding Financial Rewbng Coun¢if$ Ethical Slandard, and we have fulfillgd our other ethic81 rosponsibilities in accordanc8 with thes8 requirements. We beh'eve Ihat the evidence we have obtained is sufficient and appropriate to provide a basK% fOr(￿r Lwic￿. Condu$k)n$ Mlatlng to golng concem In audiiing the financial statements, we have ¢￿t￿led that the Trustees. use of the goiThJ eoncem basis of aecounling in the preparatw)n cl the financia slatements is aprmpTiate. Based on the wort we have Ferforn￿d. ￿ have not any material uncertainties relaliTh3 to events or condrtions thaL individualty or collective￿, may cast slgnffj￿anI dcrfjbl on the charitable C4)mpanls ability lo ntlnue as a gcdng concem for a of at least rncrfrtlts from when the ffinarKral stalemenls are authorised for issue. Our reS￿nsi￿ritieS and the re¥*￿￿t#￿tleS of Ihe TnKstees res￿1 to going concern are describ8d in the levant sections of this rep(#t. Page 8 BASIS REGISTRATION LIMITED IA company limlt•d by guarant••l INDEPENDENT AuorroRS' REPORT TO THE MEMBERS OF BASIS REGISTrATION LIIAITED (CONTINUED) Other Informallon The other information comprises the infomiatvjn irKI￿￿ed in the Annual report other than the flnancAal stal8menls and our Auditors. report Ihereon. The Trustees are restM)nsible Ihe other infomialion C(￿tsIned within th8 Annual roport. <)Jr oF¥nion on Ihè financial stalèmènts does rn)l (xJ¥er th8 other inf￿latIOn and, except lo the extenl othernise eXpl￿111Y stsled in wr repott we do not express anyfom) of assurance Conc￿s1on thereon. Our respDn51bi￿fy is to read the other information ￿￿, in ¢knJ so. consider ￿ether the other information is materially inconsislenl with the finaneial statements or our kn(y*ledge obtained in the COUTse of ￿ aLKlil. or otherwise appears to be materialy misstated. If identify such material inconsistencies or apparent material misslalements. we a￿ required lo determine whether this gives rise to a mal8rlal misslatemenl In the finanual ststem8nts th8ms8lves. If, based on the 7Arrtk 7he have perfom*d, we condude that there is a material misstatement of this other inf(rnlion. we are rewired to retxfft that fact. We have nothlNJ to report in this regard. Matt•r# on which wè ar• requlred to report by exc¢pOon We have nothing to report in respe(* of the folkmry malters where the Chaiities (Accounts and Rerrf)rtsl Regulations 2008 requires us to report to ￿ rf. in opiiyon: Ihe infomiation given in the TnJ*ees' rerth is inconwstenl in ￿Y material respgcl with the financial slalements.. or 5uffiryenl accryjnting rewrds have r￿{ kep( or the finanaal slat8m8nts ar8 not in agreement with the accounting rettjrds and r8tums,' or we have not received al Ihe infomiation expLwtw)ns we requi￿ our aLKlil. Responslbllltles of Truslees As explained more fully In Ihe Twslees, resp￿SIbIlitIeS statement. the Trustees (who are also the dlractors of the charitable company for the puwes of company law) are responsib￿ for the Fwaralion of the financial $latemenls and for being satisfied that Ihey gve a true and fair view. and ts such internal control as the Trusl88s delemNn8 is nec&ssary to enable thg rm8para1K￿ ol finar￿1￿1 statem8nts Ihat are free from material misstslemenl, whether tlue lo fravd or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable companls ability lo continue as a going concem. di5thsing. as ap¥Jlicable. matters related to going con￿rn and using the going concem basis of accounting unless Ihe Trustees ￿ther inteTrJ to Iqu*lale Ihe ¢harilable wnpany or to cease operations. or have no realistic allemative to do so. Page 9 BASIS REGISTRATION LIMITED IA company Ilm6t•d by guarant••l INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BASIS REGISTrATION LIMITED {CONTINUEDI Audltorn. responslbllllles for th• audll of th• finan¢lal stat•m•nts We have been app￿nted as audiior LWKler sedion 144 of Ihe Charities Act 2011 and repcrt in acwrdance vlth ihe Act and relevant regulations made w hav#￿ eflecl thewnder. Our objectives are lo obtain reason*)le asswance abwt vknethw the finarKial Ststements as a whole are free from material misstatement. whether due lo fraud CY error. and to issue an ALiditors' report that includes our opinion. Reasonable assurance is 8 ligh level of assurance. knjt is not a guarantee that an audit con(kJcted in accordance wilh ISAS {UKI wdl alway3 delecl a material misstatemant w￿n it exists. Misststemenls can arise from fraud or error and are considered material if, irnlivkludty or the aggwale. they c0blg of detecting irregularithos, inC￿ding fraud is detsiled behjw.. W& identifred that the prirKipal risk of fra￿ or rw)n complance *ryih laws and Teguialims related to.. management tlas in respect of accountiry estirnales and ltyM￿lS mad&: management override of O￿trOl. posting of unusual joumals or traNsactK W8 focused on those area that coukl tyve rise to 2 matsrial n4ssL*ment in thé Company finanGial stale￿￿nIS. Our ￿c￿edureS included. but W8re not limited to". Enquiry of management and those ch￿ed wlth govemance around wAual and wtential litigation and daims. inclu(lin9 instances of n(m-conwlk4nce with18ws and regulations fraud.. Reviewng min￿e5 of meetity of those charged wilh governance where availatle: Reviewing legal expenditure in the )Ear lo identify irthnces of non&compliance wth and regulations and fraud Reviewing ￿an￿al slalement and testing tt) supporting th)c￿￿tation lo assess compliance with applic*)le laws and regulations. P8rfomiin9 audit wort over the risk of man&)em￿l override of ¢XJntrols. incluthng lèstirwj oljoumal entries and other adlustrnents f<)r approwateness. evaluating Ihe bu$in8ss ratb)nale of signifficant trans8dions outside the norrnal course of busin8ss arKI reviewing ar£ounting 8slwnat8s for bias. In partlcular Ihe provisions for doubtfvl debts and dofeired wKome. 11 is the primary reswnsibifity of marwJeM￿M. *ilh the ovevsKJht of thosè eharged with gov8manc8. to ensure that the entitys operakn"on5 are coneknted in accordance 7hlth the provisions of laws ￿ld regulations and for the preVentIc￿ and delecticffi of fraud. A lurther de$￿p￿On of ow resFM)nslbililies for Ihe audTt of the financial stslements is Icraled on the Financial Reporting Counfil's website al: w•h¥.frc. .bJkja￿Irt "bilit*s. This description fomis part of our Auditors, report. Page 10 BASIS REGISTRATION LIMITED (A company limit•d by guarant••) INDEPENDENT AUDITORS. REPORT TO THE IEM8ERS OF BASIS REGISTRATION UMITED (CONTINUED) of our report Thi5 report is made wlety to ￿ charitsble companVs TnJsl8es, as a iKKty. ￿ aC￿rdance Part 4 of th8 Chariti8s (Accounts and Reporis) Regulations 2008. audit work has been undertaken so that we mighl stsle lo the Char[tab￿ companls Trustees those matters VR are required to stale lo thom in an Auditors. r8POrt and for no other purpose. To the fullest extent permitted by Iwht. do not accepl or assume ￿SponSIbl11ty to anyone other than the Charitable company and members. as a t￿. for our audil woth, IDr thi5 report, or for the opinion$ we have fomwd. Jam•s Delv• (S•nlor Ststutory Awdltor) PKF Smlth Cooper Audlt Umllod Slatulory Audit¢ys 1 Pro$￿￿ Place Millenr4um Way Derby Derbyshire DE24 8HG 30 July 2024 PKF Smith Cooper Audit Limited ￿ elwe to acl as &#Jitcrfs •) tern￿ of SeCt￿n 1212 of the Companies Act 2006. Page 11 BASIS REGISTRATION LIMITED IA ¢¢)mpany Ilmlted by guarant••) STATEMENT OF FINANCIAL ACTlVtriES {INCORP￿TING INCOME AND EXPENDrtURE ACCOUNT FOR THE YEAR EMOED 31 DECEMBER 2023 Unrestrlcted funds 2023 Totsl fvnds 2023 Total funds 2022 Income from: D￿ationS and legades Charitable activities Investments 4.893 2.570,703 21.901 4.B93 2,570.703 21.901 1.711,395 11.632 Totsl in¢om• 2.S97.497 2,597.497 1,723.027 Expendlture on: Charilable activities 1875.863 2.875.863 1.823,777 Total 0xpondi￿rn 2.875.863 2,875.863 1,823.777 N•t ¢xp•ndllure beforè net ga1nsl(ltsss￿) on Inve8tm•nt$ Net gainsl{losses) on investm8nts (278.366) 15.170 1278.366) 15.170 (100.750) {35.470) Net mov•m•nt In funds {263.1961 1263.196) (136.220) RKonclllallon of funds: Total funds brought forwafd Nel movement In funds 785.038 1263.196) 78S.038 1263,196} 921.258 (136,220) Total fund¥ carrl•d forward 521,842 521.842 785,038 The Statement of fin￿￿al actiMti8s indudes all gans and k)sses recognlsed in Ihe ￿ar. The notes on pages 16 to 30 lom) part of th8$8 fina￿la1 statéments. Page 12 BASIS REGISTRAnoN LIMITED (A company Ilmltsd by guaranlè•) REGISTERED NUMBER: 01365343 BALANCE SHEET ASAT 310ECEIIBER 2023 2023 2022 Flxed assets Intangible assets Tangible assets Investments 13 14 360,844 489.833 424.958 305. 152 462.821 403.750 15 1275,635 1, 171.723 Current ass•ts Debtors 16 497206 416M18 320.523 287.194 Cash at bank and in hand 914,024 607.717 Creditors: amounts lallng due wikn one ar 17 (1.667.81n (994.402) N•t curr•nt Ilabllltles 1753,793 (386.685) Total ￿￿ets le88 Current Ilablllties 521.842 785,038 Total not assets 521.842 T85,038 Charlty funds Restricted funds 19 19 Unrestricted funds 521.842 785.038 Total fund8 521,842 785,038 Pa9e 13 BALANCE SHEET ICI>NfiNUED) AS AT 31 DECEMBER 2023 The entity was entitled to exemptK)n from under SeC￿n 477 of the Companies Act 2(Kl6. The members have required ihÈ entity to obtain an audit fof the year in question in accordanre with section 476 of the CompaniesArt 2CKJ6. However, an a￿lt is reqUi￿d Mi accordan￿ with SeC￿n 144 of the Char•lie5 Act 2011. The Trustees acknowledge their re5pon5ibilities for complying With the requirementsof the Act with spett to attount1￿ records and weparation of financ•al 4alements. The linancial statements have been wepared in acconlance with the provisions applicable to entities subject to the smal companies regKne. The finantial statements were approtstd and aUtI￿rIsed for issue by the Trustees on 22 July 2024 and signed on their behalf by- Prof J Moverfey (Honorary Tre￿UferI The notes on page5 16 to 30 form part of these financial statements Pa8e 14 BASIS REGISTRATION LIMITEO IA company Ilmlted by 9uarantse) STATEPAENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from op•ratlng acllvhh$ Net ￿$h infl¢)w frcrfn 9pera1￿$ 362.207 15,366 Cash flows fr¢xn Inv•stlng actlvlllos ONld8nds. inter88ts and rents from imiestm8nts Pur¢ha$e of intangible assets Purchase of lang￿le fixgj assets 21,901 {209,8791 144,6051 11.630 (Ilt.233) (8.055) Net cash US￿ In Investlng acllvltlos 1232,5831 {107,658) Cash flows from flnanclng adlvl Nel cash provld•d by Ilnandng acllvltl•s Chang• In c•sh and ¢uh •qulv•ltrnts In th• year Cash cash equivalents at the beginniNJ of Jear 129.624 {92.292) 379.486 287.194 Cash and cash equlvalents at the end ot th• y•ar 416.818 287, 194 The notes on p•3es 16 to 30 lonn part ot thèse ￿a￿al statemants Pag8 15 BASIS REGISTRATION LIMITED (A company Ilmlt•d by guaranlwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 General Inforn)atlon Th? charity B a wvate ¢haritab￿ r￿panY Ihlted by guarantse, registered in Erwjland and Walos and a slered charity in England arKI Wale5. The address of thè ￿gistered office Is Sl Monica's House, 39 Wlndmlll Lane. Ashbowrn, Derbyshire. DE6 1EY. Accounting pollci•s 2.1 8asls of preparation ol fin•nclal statements The ffinancial Stalw￿rtts have b8en prepared in accordance the Charities SORP (FRS 1021- Acc￿nting arKI ReFx)rting by CharitEs.' Slatemenl of Recommended Practice applicable lo charities eparing their ac£ounts in accordance wrth the Financial Reporthg Slandard appI￿able in the UK J Republic of Ireland IFRS 102) leffectNe 1 January 2019), the Finanoal Reporting Standard 8ppli¢abl8 in the UK Republic ol Ireland (FRS 1021 and the C(¥npanies Act 2006. Basls ReJ8lration Limited meets the definit￿ ofa benofft entity under FRS 102. The f￿ancial statements have been prepared on lh8 historical cost basis, as modified by the revaluation of certain finanual assets and Ivabilities and investment properties measur&d at fa* valu8 itrLwgh inctyxe or expenditure. The financaal statements we prepwed in slerting. TAthich is Ihe lundiwl currency of the entity and are rourKled lo the nearest £. 12 Golng con¢em The Trustees have C4Ms1ts￿ apwowIa￿ of the wing concem basis of the preparation of the ffinancial statements by con5id8rw)g a of at least 12 months from the dalè of the approval of these financial statements. The Trustees are of the cf)inion that th8r8 are adequate resources availabl8 to continue trading for a Feriod of at least 12 m¢J)Ihs. On behalf of the direclors of BASIS Regislratw Limite(l. the members of the Audlt Risk and Remuneratvjn Committee have reviewed aThJ ChaI￿nged the overall financial performance of the company during 2023. arKI the finarKial slwclure of the company on 31 December 2023. The directors recognise Ihat the loss that was incurred thring the financial yoar 2023 resulled from continued costs ￿ raspect of th8 bU￿nesS trar￿fOrMatIon to a digital operational structure, for which proiethns sh(yw the likely beneficial impacl will be seen in the financial ye8r 2024. That notsvrthstanding. the dyectors 8r8 salisf*d that Ihe ￿MpanY has sufficient resèNes to meet Its om￿￿tmentS for the foreseeable fLthJre and is a wing concem. 2.3 Income All income 15 recognised once the Ch*ity has entidemenl to the income. it is Probab￿ that th8 income Wbll be received and the amount of ir￿Or￿ receivab￿ can bg masured reliably. Income lax ￿COverable in rela¢ion lo 1rNestm￿l income is recognised at the time the inv8slmenl income 15 receivable. Page 16 BASIS REGISTRATION LIMITED IA eompany ￿rnIt•d by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 Accounllng polld¢s (eontlnu•d) 2.4 Expèndlturn Expenditur8 is recognised once Ihere a legal ￿ constructive obhgalion to transfer economic benefit lo a third party. it is probable that a transler of economic b8nofts will be required in setuement and the amount of the obligaiion can bo measured rdiably. Expenditu￿ is classified by activity. The costs of each actmty are made up of the toial of direct costs and sh8Jed costs. In¢￿dIng support cosls involved in undertaking each activity. Threcl costs altributable to a single activity are albcaled dir8cIIy to Ihal activity. Sha￿d costs wtmch contri￿le to more than one activity and support costs vA)Ich are )t attributable lo a sin￿• activity are apportw)ned between those *ivities on a basis consislenl with the use of resources. Central staff costs are alocaled on the b8sis of lime spgnl. and depreciation charg8s allctated ￿ the p(xti￿ of Ihe assefs use. ExperKliture on charitab18 actsvil￿S is irtLwred C￿ dife¢lly w¥Jert&%ing thè acts￿0&$ whleh further the aritys obj￿. as as any assctiaknj (x)sts. All expenditure 15 incknive of iffecOveth￿ VAT. 2.5 Research and d•v¢lown•nt Development ¢osls are CaFdalwl within ￿tang￿￿ assets where they can be 1denirf￿d wilh a specific product ￿ project anticipated to Fwduce lubjre benefits, and ao am￿ls￿d on Iha straight luie basis over Ihe anticipated knle of the b8nefrts arisiThJ from the cornp￿d prLvJuct or project. Deferred research arnl devdopment costs are rewewed afflualty. and where fvture benefits are deemed lo have c*ased or to be in thwbt. the balar￿ of any related research and davelopmenl is wiitt&n off lo the StateM￿t offfinarwl actswtw. 2.6 Intanglble a$￿ts and amortisatlon Inlanglble assets we initi￿ty reccgnis&J at cosl. After ￿1X￿niti(￿. ur¥Jer the cost model. intangible assets are measu￿￿ at cost less any xcumulated amorti%ab"on and any accumulated irnpairment losses. Amthsation is prowd8d on intangible assets al rates caknlateil lo ￿lIe off the cost of éach asset on a straighl-line basis over its expecled usetul lrfe. AmorUsalKJn is provi(bJ on Ihè folltr*kng basis.. Compuler software 25 % Str8hJht line Page 17 BASIS REGISTRATION LIMITED IA company Ilmit•d by guar•ntse} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 Accountlng polkl•s (contlnu•d) 2.7 Tanglbh fixed ass•ls •nd d•prnclatlon Tangible r￿ed assets are inilialty re(wised at cost. After rg¢ognilw)n. under the ￿$1 model. tangible ffixed assets are measured at cosl lèss ae£umulaled dewecaation and any accumulated impairm&nl losses. All costs InC￿Tr8d to bring a tang*Ae fixed asset into its inleNJed working condibon shoukl be incl￿ed in the Measur￿n1 of cosL Land arKI Buiklings are measured ￿der ihe revalualion model. After recognition. tangible fixed assets vthose fair value can be measured reliatty shall be carried 81 a revalued amount, being their f8ir v￿ue at the date of revamjabon kn any subsequent accumulated depreciation and subsequ&nt accumulated Impwm￿nl k)sses. Revaluaticrfis are made ￿1th sufficient Tewlty to ensure Ihal the carrying amount does not differ matorially Ihal *thich be detemiined usiNJ far value al the of the reportir¥J dat8. Fair values are deteTNMned from market-baseil evKlence by appraisal that is normally undertaken by professi)nalty qualified vahJer5. If there is IK) market-based evvjence of lar value because of thè specialised nature of the tang￿18 fixed asset and il is rarety sc4d. except as part of a contributing business, a Charity may need to estimate faY vdue u5iTrJ an w)¢x¥ne or depreciate(I replacement cost approach. At each reportiNJ date Ihe Charity assesses ¥￿￿￿8T there is any indication of impaiThnent. 11 sL￿h indicats'c￿ exists. the recoverable amount of the asset is delerniined tr) be the huher of its fair valuè less costs to sell and its value in usè. An k)ss is r8cognis8d byhgre Ihe carrying amount exceeds the ￿coverablfj ￿Ount. Depreualion is tharged so as to alk￿al8 ts cosl of taigible ffixgj assets 18ss thèlr residual vabje over their estimated usèfiJl lives, USI￿ the stwht4ine m8thod. DeFKeUatI￿ 1$ provided ￿ the followng basis: Fixlures and fitllngs Computer eqUi￿ent 33% Stra*Jhl line 33% stra￿h1 line No depreciathon is provKled for LaTrJ and 8uibJing$ on the basis of the propety having a hi9h rnsidual value. Annual Ynpairm8nt r8vi8ws are uTrJ8rtak8n. A fvll yeafs d6pre¢ialion is provwjed for th8 sear o18thJibon and Tr)no in the year of disposal. 2.8 Investments Fixed asset inveslmenls a￿ a fom) of ffin•)oal instrument and are iniknalty reccgnised at their transaction cost and subsequerrtly measured at fair value at the Balance sheet date, unless the value camot be measured reliabty in v*hKh case it ￿ measured at cost less impaimenl. Investment gains and 1055es. whether realised or unrealtsed. ￿ comtined and p￿sented as 'GainsllLosses) on investrnents, in the Slatemenl of financial activihes. Investments in svbsMliaTi6S are vah*d at cost provision for imp8im)8nl. 2.9 Dobtors Trade and deblcK5 are reccwtsed at the selllemènt amount after any trade discount offered. Prepaymenls are valued at Ihe mnt prepaid nel of any trade discoffjts due. Page 18 BASIS REGISTRATION LIMITED IA campany Ilmll•d by guarnntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eountlng pollGl•s (condnu•d) 2.10 C￿h at bank and ID hand Cash at bank and in hand inc*Jdes aThJ strKrt-temi h￿ahlY IKiuid investments with a short maturity of three M￿th$ or less from the date of a(¥Juisit¥)n or open*vJ of Ihe deposit or similar account. 2.11 Liabililies and provlslons Liabilities are recLbJnised when there i8 an OW8t￿ at the 831￿ce sheet date as a result of a past evenl, it is probable that a transler ol eC4)nc￿nIC benefft will be required in setMemenL and the amount of the seltlwment can be estimated ￿11*. Liabiklies are rectsjnised at the amwrt thal the Charity anticipaiès it wll pay to setite the debt or th amount il has received a5 advwKed payments for the or sgrvicos it must provide. Provisions are m8asur8d at the best esttmale ofthe amounts requlred lo setue the obligation. Whwe the effect of the time value of money is material, the proviS￿)n is based on the present value of those amounts, dists)unted at the p￿-tsx dtsC￿nl rate that refflects the risks specific lo the liability. The urwirKling of Ihe diScc￿nI is rel￿)￿l$ed in the Ststement of finan(ial acttvities as a ffinance cost. 2.12 Flnanclal Instruments The Charlty (Mty has fviarKial assets ￿ thnancial la￿lItieS of a kind that qualrfy as basic financial instrurnents. Basic fin8rri81 instruments are inrtially recognised at Iransaction value and subsequently mga$ufed al their settlement vabje wth the exception of bank k)8ns whth are subs8quenl measured at amortised cost using the effectNe wrterest meth¢JJ. 2.13 Pènslons The Charity cperale5 a Pensi￿ Sdwme th Scottish wid￿¥￿. 2.14 Fund accountlng General funds arn unrestricted fuThJs are available use at the discretion of the Trustees in lurtheranee of the general ctydive9 of the Ctrwtty and have not been designated for other purposes. tmieslment income, gwns and bsses arg a&x3ted to Ihe appr￿riate fund. Crltl¢al accountlng estlmates and areas of jud￿l￿nt Estimates and judgments are conbnualty evakoted and are based on historical experience and other factors. including expectations of future events that are believed lo t¢ reasonable under the rcumstances. The Charity makes estimates and assumptions eoncemiTrJ the future. Tha resulting acc￿nting estimates and assumptions will, by d8finition. s8klom equal the reialed actual resutts. The estimates and assumptions that have a significant dsk of causlng a materi81 aljUst￿￿nt to the carying ￿nOUnts of assets and liabilities *ithin the next finwK¥al yaar are the prows¥)n •Jainsl (S)ubltul dobt and the deferred income estimalw)n. Page 19 BASIS REGISTRATION LIMITED (A company Ilmhed by guarantse) NOTES TO THE FINANCIAL STATEPAEpfrs FOR THE YEAR ENDED 31 OECEIABER 2023 In¢om? from donationi and legacle8 Total nds 2023 Tot funds 2022 funds 2023 tX)naIK￿S 4.893 4.893 In￿￿• from charltable acllvltles Unrestrlct funds 2023 Total fvnds 2023 Tot81 funds 2022 Auditing and compliance Examnation aThl training Membersh4)s BASIS dassroom 462.964 606.176 1.413.392 88.171 462,964 606,176 1,413,392 88.171 368.472 501,321 741,134 100,468 2,570.703 2,570,703 1.711.395 Investment Income Unreslrfcted funds 2023 Total funds 2023 Total funds 2022 Inwrne from invesknenl propeths Income from listed iivestsnents 9.405 11.821 675 9,405 11.821 675 10,260 1.368 Bank interest receivat 21.901 21.901 11,832 Pa98 20 BASIS REGISTRATION UMITED (A company Ilmit•d by guarnntw) NOTES TO THE FINANCIAL STATEPIJENTS FOR THE YEAR ENDED 310ECEM8ER 2023 Analysts of expendltur• on ¢har51•bh a¢tlvlti Summary by fund type funds 2023 Tt)tal 2023 Total 2022 Management Auditing and compliance Examination and trdining Mgmberships BASIS dassroom supp￿ costs 2.160.730 106.548 237.992 214,588 68,604 87,401 2.160.730 106.548 237.992 214.Sa8 1,445,997 97. 156 113, 156 51.008 50.836 65,624 87.401 2,875,863 1875,863 1.823.777 Analy$l$ of axpèndlture by acttvl Actlvllles undertaken directly 2023 Total funds 2023 Tot funds 2022 Man*3emenl Auditing and compl.ance Exam1r￿tiOn aTrJ trainiwKJ M8mb8rships BASIS d8ssroom Suppc*1 costs 2,160,730 106.548 237,992 214.588 2.160.730 106.$48 237,992 214,588 68,604 87,401 1,445,997 97,t56 113.156 51.008 50.836 65,624 87.401 2.875,863 2,875,863 1.823,777 Audltors. r•mun•rntlon 2023 2022 Fees payat4e to the Charitys athjilor for the audit of the Charitys annual 7,850 Page 21 8ASIS REGISTRATION LIMITED (A company Ilmlt•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Staff costs 2023 2022 Wages and salaries Social seeurty costs Conlribution to defined wilrthtion schemes 1,215.524 114275 108.789 878,915 89,991 77.940 1.438.588 1,046.846 The key man￿eMent personnel of the L*arity in ch8r98 of ¢Jirecting and controlling. running and operating the charity on a day to day basis comprise the Tnjslees and Ihe Chief Executive Officer. The total rnmuneralion {indudww employers Nl. pension contsibulions and benefits in kindl received by key management personnel for Ihe year was £151.204 12022.. £314.489). Notè that the prior ￿ar comparative includes c8rt8in membws of senior managament. Followir¥J a restructure. these employees are llo longer deemed to be key manwjen*￿. Key management claimed expenses tolalling £3.457 duriThJ the ￿ar. Dwlng the year. the Charity made redU￿lanCY payTr￿nts of £20.255 121)22.. £nil). Thig was ¢*ulated base(1 on the employees lerwJth of serv￿0 and was recognis8d in full within staff costs. Al the balanc8 sheet date. &1 pa￿nents In relalk)n to re(l￿￿nCY pajrnnls had been paid. The average number of persons emknd by the Charity during the ypar was as folh)ws.' 2023 Mo. 2022 No. Employees 35 The number of emplosws **wJ58 emplo￿ b8neffts lexchJJing empknyer pension costs) exceeded £60.1x￿ was.. 2023 No. 2022 No. In thè band £60.001- £70.￿0 In the band £70.001- £80,000 In the ban(1 £80.001- £￿,000 In the band £100.001 - £110.(KX) 11. Tru$ts•$' r•mun•ratlon and •xpens•s During the j￿r, c￿e or more Tntgtees has been reMunera1M￿ or has rec8iv8d oth8r b8nefits from an 8mployTnenl with the Charity. Under the Charitys conslibjtior). remuneration can be pasd al Trustees discretion for the roles of Chair arKI Treasurer. The ¥3￿ of Trustees. remuneration and other benefits was as follows.. Mr D W A Burgess was remunernted £16.763 (2022: £10.(XM)) Mr M T Wear(len was remU￿r￿0d £6.417 (2022.. £7.OW) BASIS REGISTRATION LIMITED (A company Ilmlted by guarants•l NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENOED 31 DECEMBER 2023 11. TA￿1¢•8. vemuneratlon and exponsos (¢ontlnued) DuriThJ the year ended 31 Decen*or 2023. expenses totallr¥J £1.438 We￿ reimbutsed or pakl directly to 4 Trustees 12022 - £1.100 to 3 Trustees). These expenses reimbursed ￿$ts in￿rTed for attendan¢e at bowd meetings. 12. Taxatlon The Chariws activities fall the exemptions afforded by the provisi￿S of the Corwration Tax Act 2010. Accordingly. there is no taxatM)n charge in these accounts. 13. Intsnglble •$8•ts Computer Co¥t Al 1 January 2023 AddrtN)ns 209.879 Al 31 December 2023 61&747 Arnortl¥atlon At 1 January 20fJ Charge for the year 101,716 154,187 At 31 Dgcember 2023 255,903 Net book v•lu• At 31 Decembw 2023 360.844 Al 31 December 2022 305, 152 The amc￿tISatiOn charge 01 £154.187 i5 re￿niSed in Ihe SOFA ¥￿thin managemenl ￿$ts. ￿¢1￿￿e￿ within the expenditure C￿ charitable adivities. Page 23 BASIS REGISTIiATION LIMITED (A compny Ilmli•d by guarwrtee) NOTES TO TrIE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Tanglblé Ilxed a%s•ts Frnehold Fixtures and fittlngs Computor •quipm•nt Totsl Cost or valuatlon At 1 January 2023 A(1di1￿￿$ Disposals 231,385 28,103 1200,000) 684,328 44,605 (200.000) 16.502 At 31 December 2023 16,502 59,488 528,933 D•pr•clafjon At 1 January 2023 Charge for the year On disposals 221.507 12,093 120D,000) 221.507 17.593 {200,000) 5,500 At 31 D￿ember 2023 33.600 39.11x1 N•1 IK•ok valu• Al 31 December 2023 452.943 11.002 25.888 489,833 At 31 Decembgr 2022 452.943 9.878 462.821 The Freehold Propety is not depfeUa￿. in the ofthe TnJsle8s. ts rrrarket value ofth8 Fr8ehold Property bs in excess of its wdluat¥)n. The most recent ￿partY valuallon was perfomwd by FId￿r Ta￿or on 10 March 2020. Page 24 BASIS REGISTRATION LIMITED IA company Ilmlt•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 DECEMBER 2023 15. Flxèd a*s•t I￿￿$1m*￿ts subsldlary Li$tgd ¢ompanl•s Inv•stm•nl$ Totsl Cost or valuatlon Al 1 Jonuary 2023 Gains on investments 100 403,650 21.208 403.750 21.208 Al 31 Deeember 2023 100 424.858 424.958 N•t book val At 31 December 2023 424858 424958 Al 31 December 2022 1C 403.650 401750 Tho Hstod inveslnwrts Sho￿ abo¥e ere ￿ld at ¥a￿kn. The investments in Subsidiary ccMnp￿18s are hekl at C•)St. Prlnclpal subsidiari•s The folknmng was a Subsidiary undertakvw of the Chaiity. Nam• Company R•glster•d offic• or princip•l Class of numb•r p*• of buslI￿S sharès H¢ldlng BASIS Clasgroom Limitsd 13523￿ St 14kn*a's Htxffje Ordinary 100% The financial resuts of the subshdiary fr)r thg Jpar wgrg.. Nam• Net as$ots BASIS Classroom Limiled 100 The yJbsidiary prepares financial slaiements to Ihe sear end 31 December 2023. The Charity also has o iOKIt venlwe. ROSA Registratkjn Lwnitèd. a c<¥npany limited by guarantee. Page 25 BASIS REGISTRATION LIMITED (A company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Debtors 2023 2022 Duo wtthln one year Trade debtors Olher dgbtors Prepa￿￿ents arnj accIL￿d In(￿me 432.218 3.233 61,755 265,463 10.965 44.095 497.206 320.523 17. Credltors: *Jnounts falllng due *ithln one year 2023 2022 Trade ue(litors Am¢Mnts owed to group undertthThJs Other taxation and ￿al Se￿Ilty Other creditors Accruals and deferred income 48,039 4,082 125,226 17.645 1,472.825 82.002 100 75.426 19,755 817.119 1.667.817 994.402 18. Accruals and deferred Income Included wthin accruals deferred ino)m8 is a deferred in(x)mè balan￿ of £1.341.874 (2022.. £790,225). During the year, the I￿1 pri￿ ba￿Ar￿ of £790225 was relwed, and a fvrther £1,341,874 was deferred in the ￿rrent perw)d. A large majority of the Chariws incy)me is li ￿alK￿ lo professp)nal wislers wthich relale to specified periods. It is appropiiale to recowi%e Ihe ino)m8 the il reiales. as such 8 daferred In￿Me balance aiises. Page 26 8fvSIS REGISTRATION LIMITED IA company limit•d by guarant••l NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 19. Statsmenl of funds Ststwnent of lund$- curront yoar 8alanc• at 31 Galnsl De¢•mber (Losses) 2023 Balanc• at 1 January 2023 Incomo Expendltur• Unrè$trlctsd lunds General Funds- all funds 78S,038 2.YJ7.497 (2.875.863) 15.170 521,842 Ststsmènt of lunds - prlor y•x Balance at 31 D8cemb81 Balance al 1 January 2022 Gain (Losses) Inc¢yng Exp9nditure 2022 unr￿trI¢t•d fvnds General F￿d$- al fwds 921.258 1.723.027 (1,823.777) (35,470) 785,038 Summary of funds Summary of fvnds . ¢urrwrt y•ar B•lan¢o at 31 Galnsl Dècember (Losses) 2023 BalarKo at 1 January 2023 Income Expendilure General funds 785.038 1597.497 P,874863) 15.170 521.842 Sufflmary of funds- wlor year 8alancp at 31 December 2022 Balance at l January 2022 Gwn (Losses) General funds 921.258 1.723,027 f7,823. 777) f35.470) 785.038 Page 27 B￿ls REGISTRATION LIMITED IA company Ilmit•d by guaran1••) NOTES TO THE FINANCIAL STATE141ENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Analysls of n•t ass•ts b•tw••n funds AnalyslB of n•t assets b•t*••n funds- curv•nt y•ar Unre6trl¢tsd funds 2023 Total nds 2023 Tangible fixed assets Intangible fixed assets Fixed ass8l investments Current assets Creditors due within one year 489,833 489,833 360,844 360,844 424.958 424.958 914,024 914.024 (1,667.8171 11.667.817) T¢)tal 521.842 521,842 Anatysls of net assets belww funds. wlor year Unrestric18d funds 2022 Total ftmds 2022 Tang**le fixed assets Intanglble fixed assets Fixed asset investments Current assets Cr9ditors due wthin on8 462.821 305.152 403,750 607.717 (994.402) 462.821 305. 152 403.750 60T,717 (994,402) Total 785,038 785,038 Pag8 28 BASIS REGISTRATION LIMITED (A company ￿mIted by guarants•) NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Ra¢on¢lllatlon ol n•t mov•m•nt In funds to n•1 cash fvw froffl 0￿14t1n9 •ctlvltlo5 2023 2022 Net expeTrditwe the Jpar (as per Statement of Financial Activities) (263,196) (136.220) Aljustm•nts lor: Depreuation charges Amortisalion tharges Lossesllgains) ijn investrnents [￿VIdendS. interests and rents frorn inves1n￿nts Inryease in d9blors Inuease wi creditors 17.593 154.187 (15.170) {21,901) 1176,683) 667.377 5,143 107.717 35.47CI (11.630) (2,406) 23,292 Nèt ¢￿h provid•d by oporatlng actlvlt 362,207 15,366 23. AnatyBls ol Ga¥h and ush oquiv•l•nts 2023 2022 Cash In hand 41&818 287,194 Total cash and cash equlval•nts 416,818 287,794 24. Analys1$ of changes in net dobt At31 D•c•mber 2023 January 2023 Cash flows Cash at bank and i) hand 287,194 129.624 416.818 25. P•nsion commitm•nts The Ch￿ty operates a defined contribu11￿ pensb)n scheme. The assats of thè schemo 8r8 h8ld separately from those of the charity Hi •) Independent￿ adminlstered lund. The pension cost charge represents conlrthtions payable by the charity to the fund and amounted to £108.789 (2022: £77.9401. Contributions of È9.201 12022.. £10.9351 were payabbe tr) the fund at the balan￿ sheel date and are inGbJded in Credit￿$. Page 29 BASIS REGISTRATION LIMITED {A c(Anpany Ilmltad by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Operatlng leaso commlknents At 31 December 2023 the Charity had C￿m￿ments lo make fLrture minimum lease payments undar non- ncellable operating leases as f￿k￿¥s. 2023 2022 Not later than 1 year Later than 1 year and nol laler ttlan 5 >pars 14,608 41.446 40.743 35,032 56.054 75,775 Lease payinents totalling £38.25612022 £38,242) have been rec(NJnised as an expense during the year. R•lat•d party Iransactlons OuTing the year fdlo*wg transackn took place at ami's I￿gth between the charity and retale parti8S'. Payments f¢X PR serwces of £2.72912022: £1.4781 ¥•we made lo G D(Klgson. At the balance sheet date £972 (2022.. £1.1361 remainod outstandwty. Payments for Amenity subscription fees of £nil (2022: £3.3￿> wore mad? to a company in wh￿h J Movertey is a director in common. Sales of £60,138 purchases of £1.765 12022: £47.927 and £nil) respectNe￿ were made to companies in vA)ich S Everett Is a dire¢tL¥ wi c¢ynmon. At ts balan￿ sheet dale £318 {2022: £1.775} remwned due Irom Ihese companies. Sales of £29812022: £nil} We￿ lo companieg in whth D W Burgtss 1$ a director in comThK)n. At the balance sheet date £38 (2022.. £nll remained the fr(xn Ihese companies. Purchases of£2.139 (2022: £7.668) m*Je Irom R Fer￿ty¢k in re￿tion to Exam Chaimi8n feès. Purchases advisory of £17,100 (2022: £3.(th) were made from a ¢c￿panY in whith M Wearden 18 a thrector h) c(Knmon. Page 30