Charity registration number 1098009 (England and Wal> Company reglstratlon number 4577152 Alexander Sloan AGLudl',La,I14Q Lil Id Business Advisers ACTACC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACTACC LEGAL AND ADMINISTRATIVE INFORMATION Directors J E ArrowsmNh G Kunst M Steven S Agarwal AAhmed C Walker C A Boynton G Martinez A Evans (Appointed S July 20241 Secretary G Kunst Chorlty numbgr IEngland ond Wal•81 lo989 Ch•rlty number IS¢otlondl SC039915 Company numb•r 4577152 Reglst•red offlc• clo Event Managment Direct Unit 9, Hydra Businès$ Pa Nether Lane Sheffield S35 9ZX Ind•p•nd•nt examln•r David Jthl, FCCA ex8nder Sloan LLP Accountants and BusinessAdvisers 180 Sl Vincent Street Glasgow G2 5SG Bank8r8 Royal Bank of Scolland plc 24 Douglas Streel Milngavie Glas91)W G2 6HJ Sanlander Bridle Road Booue Merseyside L30 4G8 W•bslt• addrèss www.actacc.org
ACTACC CONTENTS Page Directors. report Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 8-15
ACTACC DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEAIBER 2024 The Directors present their report and finanaal statements for the year ended 31 December 2024. 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 charis 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 Psentation 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.OCN). which is assessed through the National Institute of Academic Anae5thesia INIUI. This amount was doubled lo £30.000 during the last 10 years. by the slr8legy lo provide grant allocalions onty every other year. No grants were made in 2024 due lo 8 18ck of any 8ppli¢8tion$. The 2024 NIAA grant contnbutson of £30,000 by ACTACC has been agreed to be repeated for the second NIAA grant round in 2025 in collaboralion the Assoaalion ol Anaesthesia. who will be contributing (he same amount. This will use £15.000 not allocaled in 2023 w•th Ihe £15.0(K) frorn 2024. AGTACC a150 funds Travelling Fellowships for traineès and nèwly 8ppointÈd con$ultant$ in thè form of the Bill Pallister Travalling Fallowship Award IRestrict8d Fund). The no appltiOnS for this Fèllowship in 2024.
ACTACC DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Achl8¥èm•nts and pèrfomiane• ACTACC continues to have stable membership num[$. It IS growing in diverstty, and increasing emphasis has been put on making sure the views and issues of suwroups within the cafdiothoracic anaesthetic community are represented. Forward development ol the assouation involved starting sub-committees led by the ACTACC Directors with ACTACC members joining lo help develop reSoUrS and educational & research setvices for members. More recentty the views of our cardiac surgKal colleagues and SCTS have been represented at our executive board meetings. New elections of ACTACC boaf¢J members in 2024 induded appointing Dr Alison Evans as a full Director and Treasurer from her role as a trainee representative. Dr Ravish Jeeji stepped off of the Board due to ill health. Dr Joe Arrowsmith. D1CtOr, who was appointed as the President of ACTACC at the charity's AGM in Glasgow on 19 November 2021 remained the Presidenl until the AGM in Cardiff in Juty 2024. In July 2024 Dr Mark Steven was appointed 8s President and Dr Gudrun was appointed as Secretary and PreSentleCt. A grant of £20,000 was receiveil from Medtronic to sponser ACTACC develop a webinar programme of educational sessions for our members. The Annual Scientific Meeting look pla as a very successhjl face&lfaCe confence in Cardiff on 4th and Sth Juty 2024. The next annual scjentific meebngs wll tske place in Leicester 2025 this year, in London 2026 and in Blackpool 2027. Flnanclal r•vl•w Per the Slalemenl of Finan¢i81 Adivilies on page S. the ¢harity reported a Surplu$ for the year of £28,50312023- Defiert £34,39918nd total lunds al 31 Decembèr 2024 of £275,862 of which £203,937174%1 were Unrestncted. R•••rv•8 pollcy It is the policy ol the charty to mainlain Unreslricted Funds al a level that equates to approximatety six months of unrestricted expenditure. At 31 December 2024. the charity's free reserves per Unrestricted Funds amounted (o £203,937. Atthough above the required level. Ihe reserves were 8ptable to Ihe D1Clor$ in view ol the possibility of the ¢h8rity having lo underwNe deficits from luty Meeting$. Rl8k manag•m•nt The Directors has assessed the major risks to which ihe charity is exposed, in particular those related to the operations and future of the charty and are saSfied that systems are in place to mits'gale exposure to the major risks. Structure. governance and rnanagement The Assoaation of Cardiothoracic Anaesthetistsllhe charity") is a company limited by guarantee INO. 45771521 governed by its Memorandum and Artides ol Associalion. The charity is an English registered charity (No. 10980091 and also a recognised S¢o¢tish Chaiity INO. SC0399151. The Directors who serveij (Juring the year and up to Ihe dale of si9n8lure of the fin8nryal 5ts1efflenls were.. J E Arrowsmith G Kunst M Steven S Agamal AAhmed C Walker C A Boynton R Jeeji G Martinez A Evans (Resigned 1 December 20241 (Appointed 5 Juty 20241
ACTACC DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Appolntm•nt of Dlr•etors Directors of ACTACC are appointed for an initial tern of three years. renewable for a further three years. They may only serve consecutive terms. Appointment is by nomination from within the membership of ACTACC and, rf necessary. by postal ballot. The Direclors agree among themsefves regarding their various roles. New Directors take part in an induction piogramrne, which aims to fatniliarise thetn wth the charity's values, aims and obiectsves together with bts day-l(daY operations, in addition to darifying their statutory responsibilities as Directors ol a company limited by guarantee and as Trustees of a charity. Organlsatlonal structure The Directors are responsible lor the direclion ant1 administration of the charrty and seThe on a voluntary basls. Administrative Support for ACTACC Event Management Direct IEMDI are the company who continue to provide adfflinistrative support for ACTACC and EMD also organise5 the ASM. Publle B•n•fit Stat•m•nt The Directors confirm that they have compiled with their duty to have due regard to the gumlance on public benefit published by the Charity ComMissn in exerasing their duty and powers. Independ?nt examlner The Directors recommend th81 David Jeff81. FCCA, 8 Partner in Alexander Sloan, A¢¢ountsnls and 8usine8s Advisers, remains in offic• as indepèndent examiner unb"I further noti¢e. The Dlr8Ctors' Report was approved by Ihe Board of Oir8Ctors. J E Arrowsmlth Director 291712025 Dated..
ACTACC INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ACTACC I report to the Directors on my examination of the finanaal statements of ACTACC for the year ended 31 December 2024. Responsibilities and basis of report As the Directors of the charity land also rtg Trvstees for the purposes of company lawl, you are spOnSible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotlandl Act 2005 Ilhe 2005 Act). the Charities Accounts Iscollandl Regulations 2006 las amended), the Companies Ac¢ 2006 (the 2(K)6 Acll and the Charibes Act 2011. You are satisfied that the financial stslement5 of the Charity are not required by ch81ity or company law to be audrted 8nd have chosen instead to have an ind8pendent examination. Having satisfied mysew that financtal statements of charity are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examinabon. I report In respect of my examination of charrty's financial statements carried out under section 44 111 I cl of Ihe 2005 Act and section 145 01 the Charrties Act 2011 (the 2011 Act). In carrying out my examination. I have followed the quIreMentS of Regulation 11 of the Charities Accounts IScoY8ndl Regulalions 2006 las amended) and all the applicable Directions given by the Charity Commission undèr se¢tion 14515llbl ol the 2011 A¢t. Ind•p•nd•nt examIn•8 statèment Since the charity is required by cornpany law lo prepare its accounts on an accruals basis and is registered as a charity in S¢olland, your ex8min&r musl b& 8 member of a body listed in Regulation 11121 of Ihts Charities Accounts (Scotlandl R6gulation$ 2Q la$ amènded). l ¢onfim thal l am qualth¢d lo undertakè th¥ èxamin81ion b8cau$è l am a membef QIACCA, which is one of lh& listed bodie$. I have completed my examination. I conffirn that no matters have come to my attention in connection with the examination giving me cause to believe thal in any material respect.. 8c¢ounting r¥¢ord$ re not kept in respect ol the charity 0$ required ty $e¢tion 386 of the Comp8nlg$ Act 2006. the fin8n¢ial ststemenls do not a¢¢ord with those records.. or the financial staternenls do not compty wlh the accounting reqU1ments of section 396 of the Companies Act 2006 other than any reqU1ment Ihat the financial statements gpie a tnje and fair view, which 15 not a matter considered a5 Part of an independent examinalion.. or the financial statements have not been prepared in accordan wth the methods and principles of the Statement ol Recommended Pradice for accounting and reporting by charities applicable to charities preparing their financial slalements in accordance with Ihe Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this K*)rt in order to enable a proper understanding of the financial statements to be aChed. David Jeffcoal. FCCA Alexander Sloan LLP Accountants and Businèss Adwsers 180 St Vincent Street Glasgow G2 5SG 291712025 Dated..
ACTACC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2024 Current flnanclal year Unrestrlcted lunds 2024 Restrlcted Endo¥*Thent funds fundi 2024 2024 Total Total 2024 2023 Notss Income from: Donations and legacies Charitable activities Investments 42,755 78.833 2,939 42,755 78.833 2.939 21,753 133.416 1,289 Totsl Ineomè 124,527 124,527 156,458 Expenditure on.. Charitable activities 96,024 96,024 190,857 Totsl •xpondltUM 96,024 96,024 190,857 Net Incomellexpendltur•l and movement In funds 28,503 28.503 134,3991 Reconclllatlon ol fund8= Fund balances al 1 January 2024 17S,434 69,108 2,617 247,159 281,558 Fund balanc•8 at 31 December 2024 203.937 69.108 2.617 275.862 247,159 The statement of financial activibes indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 10 15 fomi an integral part of Ihese fin8nty•l st8tements.
ACTACC STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2024 Prlor flnanclal year Unrestrlcted funds 2023 Restrlcted Endovmient fundi funds 2023 2023 Total 2023 Income from: Donations and legacies Charitable activities Investments 21.753 133.416 1.289 21,753 133.416 1,289 Totsl Ineomè 156,458 156,458 Expenditure on.. Charitable activities 189.180 1,677 190,857 Totsl •xpondltUM 189.180 1,677 190,857 Not Income and mov•m•nt Sn fund• 132.7221 {1,6771 134,3991 ReconclllatSon ol funds: Fund balan¢e$ at 1 January 2023 208,156 70,785 2,617 281,558 Fund balanc•8 at 31 December 2023 175.434 69.108 2,617 247,159 The notés on pagès B to 1S fomi an Int•gral part of Ihèse finanual statements.
ACTACC BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Currènt assèts Debtors Cash at bank and in hand 12 65.381 238.612 34.989 223,918 303.993 258.907 Crgdltors.. •mounts f•lllng dug ¥Athln onè yèar 13 128.331) 111,7481 Net current a88ets 27S,662 247,159 Thè lunds ol thè ¢horlty Endowrnenl funds Restncted Income lund$ Unrestricted funds 1S 16 17 2.617 89,108 203.937 2.617 89,108 175.434 275,662 247,159 The company is enlitled to the exernption from the audrt requ1ment coniained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their responsibilrties lor comptying wilh the requirements of th& Companies A¢t 2008 vlth respect to accounting records and Ihe preparation of financial statements. The members have not required the company to obtain an audit of its finanrAal statements for the year in question in accordance with section 476. These fin8n¢i81 $t8lemenl$ have been prepared in a010n¢• with the provisions applicable to ¢ompani&s subject lo the small ¢ompanie$ regime. 281712025 The financial statements were approved by the Directors on ......................... A Evans Dlrector Company registration number 4577152 (England and Wales)
ACTACC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2024 Aecountlng pollel•s Charfty Snforniatlon ACTACC is a private company limrted by guarantee incorporated in England and Wdles. The registered office and principal place of business is cjo Event Managment Dired. Unit 9, Hydra Business Path, Nether Lane, Sheffield, S35 9ZX. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association. the Companies Act 2006. the Charities Act 2011. Ihe Charities and Trustee Investment Iscollandl Act 2005. the Charities Accounts (Scollandl Regulalions 2006 las amended) and "Accounting and Reporting by Charities.. Statement of Recommended Pracbce applicable to charrties preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 18$ amended for accountsng periods mMenCl0 from 1 January 20191. Thtr ¢h81ity 1$ a Public B&neffil Entity as defined by FRS 102. The financial statements are prepared in steding, which is the functional currenry of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The finanri81 statements have been prepared under the historical cosl convention. The principal accounting policies Bdopled are sel out below. 1.2 Golng ¢on¢¥m At the time of approving the financial stalements. the Direc¢ors have a reasonable expectation that the charity has adequate resour3 lo continue in Operalnal exislence for Ihe loreseeable future. Thus the Directors ¢onlinu& lo adopt the going conc¢m bo$i$ of ac¢ounling in preparing the finano81 stat&menls. 1.3 Charttable fundi Unrestricted funds are available for use at the discretion of the Directors in furtherance of their charitable objecbves. Restricted funds ar8 subjèd to specthc conditsons by donors or grantors a$ to how they may bg Usgd. The purposes and uses of the restricied lunds are set out in the notes to the finanaal statements. Endowment fvnds ale $ubje¢t lo $p¥¢fft conditions by donors th81 th¢ ¢apilal must bo maintained by th$ charity. 1A Income Income is recognised when the charity is legalty entitled to it after any perfomance conditions have been rnet, the arnounts can be measured reliabty. and Tt 15 probable thal ino)me will be Ceived. Cash donations are recognised on receipt. Other donations and membership subsoiptions are recognised once the charity has been notified of the donation. unless perfomiance condilions require deferral of the arnount. Legacies are recognised on receipt or olhemse il the charity has been notified ol an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legary is Iated as a contingent asset. Income from Charltsble Actlvltles Income from charrtable activities indudes ino)me eamed both from ihe suppty of goods or services under contl8Ctual arr8ngements and from perft)rmance-related grants whiGh have conditions that specify the provision of particular goods or services to be provided by the chartty. Inwme frotn charitable aGtivities is recognised as eamed las the ielated goods or SVICeS are pmwded).
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Accounting policies (Continuedl Invèstmènt Ineomè Interest on funds held on deposrt is induded when recewable and the amount can be measUd reliably by the charity,. this is normally upon notificab.on of Ihe inlerest paid or payable by the bank. 1.5 Expendlturè Liabilities are recognised as expendrture as swn as the is a legal or constnjctrve obligation commitb'ng the ch8rity to that expenditure. it is prob8ble that seluemenl wil be required and the amount of the obligation can be rneasuTed or estimated reliabty. Liabilrties a measured on recognrtion at historical cost and then subsequentty meaSUd at the best estimate of the amount required lo settle the obligation at Ihe reporling date. The exception is that certain financial instruments rnust be adjusted to their present value.. these include financial liabilities where settlernent is deferred for rn0 than 12 month5 after Ihe reporting date. l expenditu is ¥¢¢ounl&d for on an a¢¢815 basi$. A# expenses Midudin9 $UPPOrt costs and governan¢& costs are allocated or apportioned to the applicable expendIlu headings. Charltabl• aetlvlllè8 Expenditure on charitable a¢¥1¢$ InduO&s 911 costs In¢urrod by Ihe ¢hgrlty In undertaking a¢tlvlll&$ that further rts charitable aims for the benefft ol its beneficiaries. induding those support costs and costs relating to the governance of the charrty apportj'oned to charitable aclivilies. The costs of charitable activities presented in the Statement of Finanrial Activilies indudes the ry)sts of both direct service provision and the payrnents of granl awards il applicable. Grant expendlture Grants payable are made to third parties in the fvrtherance of the charrtable objects. The award of a grant is recognised as a liability onty when the criteria for a constructive obligation are rnet. payment Is probable, il can be rneasured reliably and there are no condrtions atlaGhin9 to its payment th81 limrt recognition. In the case ol an uncondrtional grant offer. this is accrued once the reapient has been notffied of the grant award. The notification gives the recipient a reasonable expectation that they will recewe the one-year or multi-year grant. Granl awards Ihat are subjed lo the plent fulfilling perfomiance conditions are only accrued when the recipient has been notsd of Ihe granl and any remaining unfulfilled condition attaching lo that grant is outside ol the ¢onlrol of the ¢h8rty. Governance cost8 Governance costs Ivthith are induded as a ¢omponenl of support costs in accordance with SORPI comprise all costs involving the public accountability ol the charity and rts compliance with regulalM)n and good practice. These costs include those related to constitutional and statulory iequirements, extem81 scrub'ny (audit tsi independent examination), strategic management, and other le9al and professional fees. IrrecoverJble VAT Irtecoverable VAT is charged against the èxpendtture heading for which it was incutyed. 1.6 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks. other short-term liquid investments wlh original maturities of the months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in curTent liabilrties.
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Accounting policies (Continuedl 1.7 Flnanelal Instrnm•nts The charity has elected to appty the provisions of Section 11 'Basic Financial Instwments, and Sects'on 12 'Other Finanri81 Instruments Issues. of FRS 102 to all of its financial instruments. Flnancial instruments are recognisefl in the chanty's balance sheet when the chailty becomes party to the contractual provisions of the instrument. Financial assets and liabilitEs are offset. wth the net amounts presented in the financial statements, when there is a legalty enforceable right lo set off the recognised amounts and there is an intention lo settle on a net b8515 or to realise the asset and 5elUe the liability simuhaneou5ty. Basle finanelal •ss•ts Basic financial asset5. whKh indude debtor5 and cash and bank balances. a initially measured at tr8ns8Ction price induding Iransaction costs and are subsequentty carried at 8morty.sed c05t Using the effective interest method unles5 the 8rr8ngemenl wnstilules a finann9 transaction. where the transaction 1$ measured at the present value of the lulure receipls discounl•d at a market rate of interest. Finanaal assets classified as r1Vable within one yeai ale not amortbsed. Baslc flnancial liabilltlos B8sic fin8n¢ial liabilities. indudin9 Creditors and bank 108n$ ao initk?Ily recognised al tr8n$adion pri¢e unl•$$ the arrangement conslilules a finanong transaction. where the debt Inslwment is measured at the present value ol the future payments discounted at a market ratè of inlerest. Finanaal liabilities classified as payable wrthin one year are not amortised. Debt instruments are 8ubsequentty carried at amortl8ed cosl. using the effective interest rate method. Trade ¢re¢Jilor$ a obligations lo pay for 9oc4Js or servi¢*$ Ihal have b¢•n acquirea in the ordinary ¢ours¥ of operations from suppliers. Amounts payable are dassified as current liabilrties if payment is due wthin one year or less. If not, they are presente¢J as non-current liabilitses. Trade credrtors are recognised iniually at transaction price and subsequentty measured at amortised cost using the effectNe interest rnethod. Dorecognition of finonclal liabilities Financial Iiabilrties are derecognised when the charty's contractual obligations expire or are discharged or cancelled. 1.8 Employee benellts The cost of any unused holiday entthment is recognised in the period in which the employee's seNus are received. Terrnination benefits are recognised immediatety as an expense when the charity is demonstrably cornmrtted lo tenninale the employment of an employee or to provKle lewrninatson beneffts. Critical aeeountin9 •Stimat•s and judg•mènts In the applicats.on of the chanty's accounting policies. the Directors a qUired to make judgements, estimates and assumptions about the carying amounl ol assels and liabilrties that are not readify apparent from other sources. The estimates and asswaled assumpbons are based on historical experience and other factors that are considered to be relevant. Actual resums may differ from Ihese estirnates. The estimates and underlying assumptions ale reviewed tsn an ongoing basis. Revisions to accounting estimates are recognise¢J in the peri¢)d in which the ests.mate is revised where the revision affects On that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10-
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Ineom• from donatlons and legael•s Unrestricted funds 2024 Unrestrlcted funds 2023 Membership Subscriptions Medtronic Limited Partnership Sponsorship 21.755 21,000 21,753 42,755 21,753 In¢om• from ¢horltabl• a¢iivltlos 2024 2023 In¢om8 from tIng$ 78,833 133,416 Income from Inv••tm•nt• Unrnotrtcted Unmtrlcted fund• fund8 2024 2023 Interest receivable 2,939 1,289 6 Cost ol eharltabl• aeUvltl•• 2024 2023 Running costs Interest and finance charge$ Governan costs Grant payable {see Note 7) 92,355 159 3,510 150,567 170 4.230 35,890 96,024 190,857 Analysls by fvnd Unrestncted funds Restricted funds 96,024 189,180 1.677 96.024 190.857
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Grants payablè 2023 Grants to institutions-. North Bristol NHS Trust-ACTACC NIAA Granl Travelling expenses award to Dr Thomas Keast 34.213 1,677 35,890 Dlrèctors None ol the Directors lor any persons connecled wih them) received any remuneraiion or benefils from the charity during the year. Employee¥ The 8vera9e monthty number ol employees during the yearwa8-. 2024 Numb•r 2023 Numbèr Total Thore wore no employ$ whose annual r¥munerotion wa$ mor& than £80.000. R•muneratlon of key management pernonn•l The remuner4ts.on of key management personn81 was as follows: 10 Taxatlon The charity is exempt from taxation on its activities because all its income is aPpld for charitable purposes. 11 Net Incomellexpendlturel for the y•ar 2024 2023 Nel incomelleKpenditurel lor the year is stsled after tharging= Indgpendont Examinèrs remunèr8tion 3,510 4,230 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 2.126 49.475 13,780 870 27,777 6,342 65,381 34,989 12_
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 13 Cr•dltors'. amounts falllng du• wbthln on• yèar 2024 2023 Notes Deferred income Other credrtors Accru8ls 14 13.400 11,931 3.000 8,028 3.720 28.331 11,748 14 Def?rred Incorn? 2024 2023 Arlsing from Mèetlng$ In y8ars 13,400 Deferred income is induded in Ihe finawal stslem&nts as follows.. 2024 2023 Deferred income Is induded wthin.. Curn1 liobilllies 13,400 Movements in the year.. Deferred income at 1 January 2024 Released from previous periods Resources deferred in the year 9.100 19,1001 13.400 Deferred incom¥ 8131 Dmber 2024 13,400 15 Endowment lunds Endowment funds represenl assets which must be held peanenIty by Ihe charity. Income arising on the endowment funds be used in accordance with the objects of the tharity and is included as unrestricted income. At 1 January 2024 At31 Decèmber 2024 Pem)anent endowments John Haigadon Memorial Fund 2.617 2,617 13-
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 15 Endovnnent funds (Continuedl Prèvlous yèar= At 1 January 2023 At31 Deeember 2023 Pèman•nt èndowmènts John Hargadon Memorial Fund 2.617 2.617 Purpose of Endowment Fund John Harg¥don Mernorlal Fund Interest arising from tho Fund is alltxaled lo the Charit$ General Funa. Th& Fund 1$ lulty presented by eash. 16 R•8trfcted lund8 The restricted funds of the charity comprise the unexpended balances of donations and grant5 held on trust subject lo specific condition5 by donors as to how Ihey may be used. At 1 J•nuory 2024 R8our¢•8 •xpond•d At31 Doe•mbtr 2024 Bill P8llisl&r Travelling Fellowship Award Fund 69.108 89,108 Prevlou$ y¥•r= At 1 J•nuory 2023 R¥our¢•8 ¥xp¢nd¥d At31 D¢¢¥mber 2023 Bill Pallisl&r Tr8velling Fellowship Award Fund 70.785 11,6771 69,108 8111 Palll8ter Tr¥velllng Fellov&Fhlp Ar Fund The Bill Pallisler Travelling Fell¢)wship Award Fund represents le98ry income th81 w85 received from the Estate of the18te Bill Palliste¥. An amount of £5,000 is available during any single calendar year, and wll usualty be paid to a single applicant but may be divided befften applicanls. at the d•sl)n of the Educalion Committee. The award is intended to support a trainee or wnsultant wthin three years of appointrnent lo Iravel to an over5ea5 centre of interest. 14_
ACTACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 17 Unr•strSetod funds These are the unrestricted fijnds to the charity At 1 January 2024 Incoming resource$ Resources expended At31 D8c8mber 2024 General fvnds 175.434 124.527 196.0241 203,937 Previous year: At 1 January 2023 Incomlng Resources xpended At31 De¢gmb8r 2023 Goneral fvnd$ 208,156 156,458 1189,1801 175,434 18 Anoly$l8 of n•1 08$18 b•tw¢on fund$ Unrestrlcted fund8 2024 Rostrlcted Endovrnent funds funds 2024 2024 Total 2024 At 31 D•¢¥mbr 2024= Current assetsllliabilitiesl 203.937 69.108 2,617 275,862 203.937 69.108 2.817 275.662 Unr¢¥tri¢ted funds 2023 Rt¥tfl¢ted Endowment funds funds 2023 2023 Totgl 2023 At 31 December 2023: Current 8ssets1lliabilttiesl 175.434 69.108 2.617 247,159 175,434 69,108 2,617 247,159 19 Related paity transactlons There were no disdosable related party transactions during the year12023- none). 15-