THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY REGISTRATION NUMBER 1094094 Simcox & Co. Chortered Accountants 35B Market Street, Hoylake, Wirral, CH47 2BG 0151 632 3333 THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Trustees and general infomiation Trustees, report Trustees, responsibilities Independent examinerfs report Statement of financial activities Balance sheet Notes to the accounts ststement of account 10 THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Trustees and General Information Charlty Name: The Neuroanaesthesia & Critical Care Society Registered Charity Number: 1094094 Trustees: Dr Roger Peers Lighffoot Dr lan Edward Tweedle (Retired 0110512024) Dr John Andrzejowski Dr Judith Dinsmore Principal address: clo Specialist Societys Coordinator AAGBI 21 Portland Place London W1B1PY Independont examiner: J R M Simcox, FCA Simcox & Co. Chartered Accountsnts 35B Market Street Hoylake Wirral CH47 2BG Bankers: CAF Bank Llmlted 25 Kings Hill Avenue Kings Hill West Maling Kent ME19 4JQ CCLA Investment Management Limited 80 Cheapside London EC2V 6DZ Scottish Widows Bank plc PO Box 12757 67 Morrison Street Edinburgh EH3 8YJ THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Trustees. Annual Report for the Flnancial Year Ended 31 Decembar 2023 Governlng Document The Neuroanaesthesia & Critical Care Society is a Registered Charity, Number 1094094. It was established by Trust Deed dated 22 March 2002, as amended on 6 April 2015 and ratir￿d on 8 May 2015. Objectives and activities The objectives of the chaiity are - To promote and advance education in and the study of the art and Science of neuroanaesthesia and neurocritical care, principally by means of the exchange of inforniation among the Societys Members for the benefit of the general public, and in furtherance thereof:_ - To promote education in neuroanaeslhesia and neurocritical care. - To promote high standards of practice and patient care in the fields of neuroanaesthesia and neurocritical care. - To encourage research in the fields of neuroanaesthesia and neurocritical care. To arrange and provide for the holding of meetings, lectures and classes, including an Annual Scientific Meeting, to provide a forum for the exchange and advancemenl of thowledge on neuroanaesthesia arKI neurocritical care. To award annual prizes{s) for the best paperfs) submitted to the Society by doctors in trdining or allied health professionals. To offer advice to appropriate bodies or individuals conceming neuroanaesthesia arKI neurocritical care. The charity may accept gifts, donations, subscriplions and legacies. Trust•6s The names of the trustees are shown on page 1. The trustees are appointed by the Council of the Th8 Neuroanaesthesia & Crltlcal Care Society. This Council shall comprise the President, the Honorary Secretary and the Honorary Treasurer as Executive Officers, the Immediate Past Presldent and up to slx Members elected from the full membership of the Society. Risk management The trustees review the major risks which the charity faces on a regular basis and believe that the charity holds sufficient reserves to provide adequate resources to meet it's obligations to all appropriate beneficiaries in the event of adverse conditions. Publlc benefit The charlty trustees confinn that they have complied with their duty to have due regard to the gUIdan￿ on publlc beneflt publlshed by the Commission in exercising their powe￿ or duties. 2023 Flnanclal Objecllves The following were outlined as key areas: Seniice Level Agreements for day-to-day conduct of business (using the Association of Anaesthetists) and Annual Scientific Meeting administration. Business partnerships in light of new GDPR enforcement. Increasing awareness of membership of charitable outgoings. THE NEUROANAESTHESIA & CRITICAL CARE SOCIET Trustees, Annual Report for the Financial Year Ended 31 December 2023 2023 Financial Objectives (cont) Investment In webslte reSoUr￿S to ensure a high qualily portal for discharge of the educ2tional and administrative duties of the society. Revision of Ihe Servi￿ level agreement with a professional event organising company to ensure high quality delivery of educational events and reduce the workload of the council members (who work In a voluntary capacity). THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Trusta•s' Annual Report for the Financial Year Ended 31 Decembor 2023 Financlal revlew the charitys finances remain in a satisfying stste and would make the following comments on the financial ststements: 1 The trustees are pleased to report that the ASM Nottingham 2023 ran as a cost neutral event. this VRS possible thrythout increasing the delegale registration fee because of excellent support from exhibitors and the industry sponsors. 2 The winter virtual meeting also VRS conducted at no increased cost to delegates. but this year again was close to being cost neutral. 3 Increasing costs from the Event Management Company. As well as increase in venue costs has reduced the reV￿U8. The trustees and and council members were cogniscent of the potential negative returns on the events. choosing to provide quality educational events. using financial reserves of the society to achieve this. 4 The ASM was held in the east midlands conference facility In Nottingham. 5 There was a significant increase in the sponsorshiplexhibitors revenue reflecting excellent y￿rk by councll and local organislng committee. All exhibitors and sponsorship functioned within the legislation r8garding support of charity education events. 6 Conference expenses as per the Ststement of Account. include £11.250.00 of costs relating to future years conferences. 7 Subscription income was up on last year. 8 The society benefited from Industry Partnership money to the value of £45,293. The sponsors were manufacturers of monitor and theatre equipment and a legal firm that provides pro bono support for patients and families affected by brain and spinal injuries. 9 There were awards to the value of £900 for trainee presentations 8nd medals for outstanding contributions to neurocritical care. 10 Research and travel grants to the value of £3.51Y) were given to promote education and research in the fidd of neuroanaesthesia and neurocritical care. 11 During the year £2.628 was spent on website development costs. 12 Bank charges have increased by £475 from the previous year. 13 The Society has chosen to archive and store historical documents of greater than 6 years. 14 During the year the Honorary Treasurer sought professional advice on the chariws finances on behalf of the trustees. The Honorary Treasurer role was taken on by Dr Sebastian (Elected Council Member) in May 2023. Reserves pollcy The charty maintains unrestricted funds at a level sufficient to enable the income to cover anticipated distribution payments in forthcoming years as if no other sources of incom8 are avai18ble. Signed on behalf of the Trustees by: Dr John Andrzejowski Date . THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Trustees. Statement of Responsibilities for the Year Ended 31 December 2023 Trustees. responsibilities in relation to the financial statements The trustees are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the charitys financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: i) select suitable accounting policies and apply them consistently; li) make judgments and estimates that are reasonable and prudent; iii) state whether applicable accountlng stsndards and ststements of recommended praclice have been followed subject to any departures disdosed and explained in the financial statements: iv) prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business; v) observe the methods and principles in the charities SORP. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial ststements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by: Dr John Andrzejowski Date Independent Examlnerfs R•port to th• Trustses of THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY for the year ended 31 December 2023 I report on the accounts of the charity for the year ended 31 December 2023 which are set out on pages 6 to g. Respective responslbllltles of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for the year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and - state whether particular matters have come to rny attention Basis of independent examinerfs report My examination was carried out in accordance wilh the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit and consequenlly no opinion is given as to whether th8 accounts present a 'true and falr vlew, and Ihe report is limited lo those matters set out in the statement below. Independent examlner's ststement In connection with my examinalion no matter has come to my attention; 1 which gives me reasonable cause to believe that in any material respect th8 requirements: - to keep accounting records in accordance with Section 130 of the 2011 Act, and to prepare accounts which accord wlth the accounting records and comply with the accounting requirements of the 2011 Act have not been met, nor 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. J R M SIMCOX. FCA Slmcox & Co. 35B Market Street Hoylake Wirral CH47 2BG Date . ........................... THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Statement of Flnanclal Activities for the year ended 31 December 2023 2023 Unrestricted Funds Funds 2022 Unrestricted Funds Receipts Operating activities to further charty's objects 125,088 97,166 Bank interest 2,376 491 Total Recelpts 127,464 97,657 Charitsble payments Charitsble activities 102,098 95,866 Net receipts 25,366 1,791 Cash funds brought forward 170,716 168,925 Cash funds carried forward 196,082 170.716 There are no recognised gains or losses other than those included in the Statement of Financial Activiti85 for the two financial years. All income is derived from continuing operations. THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Balance Sheet as at 31 Docember 2023 2023 2022 Cash funds Cash at bank 196,082 170,716 Unrestricted funds 196.082 170,716 The accounts were approved by the trustees on ... behalf by: and signed on their Dr John Andrlejowski THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY Notes to the Financial Statements for the year ended 31 December 2023 1 Accounting policies Basis of accounting The accounts have been prepared using the receipts and payments method. The financial ststements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Charities" prepared by the Charity Commissioners for England and Wales and in accordance with applicable accounting standards. THE NEUROANAESTHESIA & CRITICAL CARE SOCIETY STATEMENT OF AccOu￿r YEAR ENDED 31 DECEMBER 2023 2023 2022 Nomial Actfvitlos Re¢8lpts Subscriptions and conference fees Sponsorship Educational evènt Bank interest received (gross> 79.795 45.643 51.162 37,400 8,604 491 97.657 2.376 127.814 Payments A4GBI Sponsorship refunds Administration costs ASM Meetlng costs and study day Executive officers, and Courbcil members, expenses DSsho(Y Insuranc8 Educational event Website Medals prizes Sofiware Donatlons and grants Bank charges Accountancy Sundriés Poslag8 Zoom and soci81 media platfonn Document storage 8,739 350 186 77,598 2.327 7.427 3.410 60.421 1.998 1.105 620 30 2,628 900 2,749 3,500 1,315 432 666 4,922 2,955 3,000 432 321 408 144 600 102,448 25,366 95.866 1,791 Surplus on normal activities for tho year Rolalned funds brought forward 170,716 168,925 Retained funds carried forward 196,082 170.716 Represented by Cash at bank 196.082 170,716 10