Charfty reglstrdtlon number 1098009 (England and Walesl CharSty reglstratlon number S¢039915 (Scotlandl Company registration number 45771S2 (England and Wale81 Alexander Sloan AGLudl',La,I14Q Lil Id Business Advisers ACTACC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACTACC LEGAL AND ADMINISTRATIVE INFORMATION Directors KMBill N O'Keeffe J E Arrowsmrfh G Kunst M Steven S Agarwal AAhmed C Wdlker C A 8oynton (Appointed 1 March 20221 (Appointed 1 March 20221 Charlty number (England and Wal••l 1098CKJ9 Chorlty numbgr Iscotlandl SC039915 Company numb•r 4577152 R•g18t•r•d offlc• 35 Red Lion Square London WC1R 4SG Independent •xamlner David Jeffco8t. FCCA exander Sloan A¢¢ountsnis and Bu$ines$Advi8ers 180 Sl vIr￿ent st￿et Glas9OW G2 5SG 8ank?rB Royal Bank of S￿￿8nd plc 24 Douglas Street Milng8vie Glasgow G2 6HJ Sanlander Briijle Road Boolle Merseyswje L30 4GB Website addre#s www.actsw.org ACTACC CONTENTS Page Directors. report Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 8-16 ACTACC DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEAIBER 2022 The Directors present their report and finanaal statements for the year ended 31 December 2022. The finanaal statements have been prepared in accordance with the accounbng poliaes set out in note 1 to the financial statement5 and compty with the chari￿s Memorandum and Arbcles ofAssociation. the Companies Act 2006. the Charities Aot 2011. the Chanties and Tnjstee Investment Iscouandl Aci 2005. the Charities Ao¢ounts Iscouandl Regulats'ons 2006 las amended) and 'Accounting and Repotting by Charities". Statetnent of Recommended Practice applicable to chanties prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing from 1 January 20191. Objectives and activitieB The principal activity of the charity is the advancement of education and ￿Search in the fields of cardiac or thoraac anaeslhesia. The Associats'on for Cardiolhoracic Anaesthesia and CntKal Care aim8 to advance education in the field of cardiothoracic anaesthesia and cntical care by org8ni5ing meeting5 aimed at Consultants and Doctors in training. The meetings comprise of 18¢tures by experts. pra¢b"¢al dèmon$tration$ and papers of resear¢hers in this field. The meelin9s have been devekjping ovèr fecenl years Irom a one-day meeting in Spring and Autumn into vo or three day meetings with salellrte meetings sometimes focussed on related areas of interest such as transoesophageal echocardiography. intensive care or thoracic anaesthesia. Some of these meetings have been joint meetings with other specialist societses such as the Inlenswe Care Society. the British Society of aernatology. the Society of Cardiolhoracic Surgeons or. as in 2018. the European Swety for Cardiothoracic Anae8lhesiology and Intensive Care IEACTAIC). Research In the field ol cardiac and thoradc anaesthesia Is promoted in various ways a$ outllned below In the Grant Making Policy. Free papers are requested and presenled 89 Posters and verbal presentstions al most ACTACC meetings. The Hargadon Memorial prize is awarded for the besl oral P￿sentation a¢ the free papers and has recently been increased to £200 with a prize of £100 for the second placed paper and similar prizes for the best poster presenlalions. Grant maklng pollcy ACTACC normally funds an annual award up to a limit of £15.OCM). which is assessed through the National Institute of Academic Anaesthesia INIAAI. No grants were made in 2019. In 2020 the grant round was cancelled due lo the COVID-19 p8ndemic. In 2021. 8 lotsl amounl ol £75.IJOO was ma(Je available for a joint grant with th8 British Journal of Anaesthesia IBJAI and Ihe Vascular So¢iety of Great Bwrtain and Ireland (VASGBII. wrth ea¢h partner offering £25,000. However, there was no surtable grant application and the joint BJAJVASGBIIACTACC grant was not awarded in 2021. Discussions with Dr Dan Taylor (President of the Vascular Anaesthesia Society of Great Britain. VASGBII resulted in an agreement thal each paty will provide £35.000 lo malch £35,000 from ACTACC re5utting in a lump surn of £70,000 lor the grant round in September 2022 and in this NIAA round a giant of £68,426 was 8W8ided to Dr Ronelle Mouton foi a qualitati¥e smoking cèssth.on study %￿lh the b"Ue". PèRiOJ)erative Tobacco-cEssation in patients undergoing vascular or CardioThOrauc SUR ery IPROTECTORI Study with £34,213 to be funded by ACTACC for its start of the study in May 2023. ACTACC also funds a Travelling Fellowships for Irainees and newly appointed consultants in the form of the Bill Pallisler Travelling Fellowship Award (Restricted Fund). This Fell¢)wship was nol awarded in 2020 8nd 2021 and the￿ was One applicatron in 2022, which was supptsrted unanitnousty by the ACTACC commrttee." A Clinical Observership by Dr Thomas Keast to the DivisK)n of Applied Haemodynamics at the Yale School of Medicine, USA, from 3 October 2022. An awar¢J of £1,677 for travelling costs was transferred to the reapient in March 2023. ACTACC DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2022 Achlevom•nts and p•rfomiane• ACTACC continues to have stable membership numbers. It is growing in diversity. and increasing emphasis has been put on tnaking sure the views and issues of suwroups within the cafdiothoracic anaesthetic community are represented, particularly themes related to (xrdiothoiaac training and also bultying and harassment in cardiothoracic surgery. More ￿Centty the views of our cardiac surgical colleagues and SCTS have been represented. However, due to the Covid-19 pandemic during 2020 and 2021. the charity's activities were forced to be paused and much less acts'vity than usual took place. There were no new elections of ACTACC board members in 2022. OT Joe ArTowsmith. Director. who wa$ appointed as the President ol ACTACC at the charty's AGM in Glasgow on 19 November 2021 remains the President. The annual scientific meeting took place as a very sucLessful tsc£-tO-face Conference in Lwerpool on 9th and 1 Oth June 2022. A joint mesting was planned wth SCTS in Novèmber 2022, bul il had lo btr ¢anc8lled and po$lptsn8d until 5th November 2023, due to a train strike. The next annual scienb.fic meetings will take place in June 2023 in Cambridge, Cardiff 2024, Leicester 2025 and London 2026. Flnanclal revl¢w Per the Statement of Financial Activities on page S. Ihe charity reported Net lThcome li.e. a Surplus) for the year 01 £12.41312021 Surplus £16.8011 and loial funds at 310ecember 2022 01 £281,558 01 which £208,156174Qkl were Unrestricted. R•s¢rn¢$ poll¢y It Is the policy ol the charity lo maintain Unreslncted Funds al a le¥el that equates to approximately six months of unrestricted expendrture. At 31 December 2022. Ihe charty's free reserves per Unrestricted Funds on page 5 amounted to £208.158. Atthough above the required level. the reserves were acceptable to the Directors in view ol the possibility of (he charity having (o underwrite defic¢ts Irom fvlure Meetings. RIBk rnanagement Th& Dir8¢tor5 has a$s¥ssed Ihtr mojor risks lo whi¢h Ihtr charity 1$ exposed, in pa￿'cUlar tho$& related lo th* oper8lion$ and future of th& ¢h8rrty and a￿ $alisfi¢