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2022-12-31-accounts

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

Registered number: 04261320 Charity number: 1102030

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charitable Company, its Trustees and 1 - 2
advisers
Trustees' report 3 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 22

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees

N J Credland, Chair

S Bench A Douglas (formerly A Pulleyn)

K Gerber N Lee P K McCready, Treasurer F Monteiro I Naldrett C Plowright L Stayt R Sumnall D Waters

Company registered number

04261320

Charity registered number

1102030

Registered office

Unit 14, The Stottie Shed Baker's Yard Christon Road Gosforth Newcastle upon Tyne NE3 1XD

Accountants

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 1

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Bankers

Barclays Bank Plc Newcastle City Leicester Leicestershire LE87 2BB

Lloyds Bank Plc 36 Market Street Eastleigh Hampshire S050 9YT

Page 2

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the Charitable Company for the year from 1 January 2022 to 31 December 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The principal object of the Charitable Company is to advance the art and science of critical care nursing, in particular, the education and training of nurses and other health care workers caring for critically ill and dependent patients for the public benefit.

Activities undertaken to achieve objectives

The Charitable Company promotes public benefit by providing educational and training opportunities for critical care nurses, thus ensuring that patients will receive a superior standard of care from nurses and other health care workers. As this treatment is received by those patients of the NHS, people in poverty are not excluded from the opportunity to benefit.

Achievements and performance

Review of activities

In 2022 the organisation achieved a range of developments and activities. These include:

Page 3

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance (continued)

Investment policy and performance

The Charitable Company has an active trading subsidiary, BACCN (UK) Limited, that currently organises conferences for nurses and other health care professionals in support of the charitable company's objects. When there are accumulated profits of the subsidiary these are gifted to the Charitable Company. The subsidiary contributed £Nil (2021: £Nil) to the Charitable Company in the year under gift aid. Further details of the performance of the subsidiary can be found in the financial statements of the subsidiary company.

Financial review

Going concern

After making appropriate enquiries the Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The Charitable Company reviews its levels of reserves each year with the Treasurer and the National Board, in order to ensure that the level of free reserves (that is those which are not invested in fixed assets, designated for specific purposes or otherwise committed) is appropriate to meeting the Charitable Company’s needs effectively.

A sufficient level of free reserves needs to be maintained to ensure that resources are available to provide grants or scholarships as required, as well as to cover at least six months forecast costs for the national and Regional Committees. In addition, at the year end it is necessary to hold sufficient funds to finance the forthcoming Annual Conference. The Treasurer and National Board consider that the appropriate level of reserves should be approximately £200,000 (2021: £204,000). This figure is in line with previous year as financial performance of the Charitable Company remains relatively stable. The Trustees will continue to monitor reserves levels.

Page 4

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

Constitution

The British Association of Critical Care Nurses is registered as a charitable company limited by guarantee and was set up by a Trust deed.

The Charitable Company is constituted under a Memorandum of Association dated 30 July 2001 and is a registered charity number 1102030.

The principal object of the Charitable Company is to advance the art and science of critical care nursing, in particular, the education and training of nurses and other health care workers caring for critically ill and dependent patients for the public benefit.

Methods of appointment or election of Trustees

The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

The National Board is elected by the membership to serve for a two-year period. Each Board Member holds a specific role and is able to stand for re-election after the two-year period of service. National Board Members come from various positions and roles within critical care and critical care education and from around the UK.

New Trustees are provided with a copy of the Memorandum and Articles of Association and are fully informed of their legal obligations under charity and company law. Trustees are encouraged to attend appropriate external courses to enable them to carry out their role.

Organisational structure and decision-making policies

The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Details of the membership of the National Board are given on page one. They are elected by the Members of the

Association at the Annual General Meeting to serve for a two-year period. Each Board Member holds a specific role and is able to stand for re-election after the two-year period of service. The Board also have two further roles being fulfilled by co-opted members. Co-opted members are able to stand for election as full members to the Board at the next available AGM. The Board meets quarterly with each meeting scheduled to last for two days and also at the National Conference. There are also opportunities for any regional committee member to attend board meetings. Board decisions are made by the majority and the Chair has the casting vote.

Financial risk management

The Trustees have assessed the major risks to which the Charitable Company is exposed, in particular those related to the operations and finances of the Charitable Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 5

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Plans for future periods

Future Goals for 2023 to:

Nicola Credland will be stepping down from the Board at the September 2023 AGM and Ian Naldrett will be taking on the role as Chair.

Members' liability

The Members of the Charitable Company are the original subscribers to the memorandum of association and anyone admitted as a member by the National Board and members guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Page 6

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 12 September 2023 and signed on their behalf by:

N J Credland

Page 7

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent examiner's report to the Trustees of The British Association of Critical Care Nurses ('the Charitable Company')

I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the Trustees of the Charitable Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charitable Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitable Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's Trustees as a body, for my work or for this report.

Signed: Dated: 12 September 2023 Detlev Anderson FCA

Kinnair Associates Limited

Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 8

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
-
170,246
265
170,511
161,345
161,345
9,166
271,112
9,166
280,278		 Total
funds
2022
£
-
170,246
265
170,511
161,345
161,345
9,166
271,112
9,166
280,278		 Total
funds
2021
£
10,000
173,379
661
184,040
142,351
142,351
41,689
229,423
41,689
271,112

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 22 form part of these financial statements.

Page 9

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee) REGISTERED NUMBER: 04261320

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
Charity funds
Unrestricted funds
14
Total funds		 45,449
264,553
310,002
(29,725)		 2022
£
1
1
280,277
280,278
280,278
280,278		 38,912
250,829
289,741
(18,630)		 2021
£
1
1
271,111
271,112
271,112
271,112

The Charitable Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 12 September 2023 and signed on their behalf by:

N J Credland P K McCready

The notes on pages 11 to 22 form part of these financial statements.

Page 10

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

The British Association of Critical Care Nurses is a private Company limited by guarantee, incorporated in England and Wales, registration number 04261320 and charity number 1102030. The address of its registered office is disclosed in the Reference and Administrative Details section of these financial statements.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The British Association of Critical Care Nurses meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. The Charitable Company has net current assets and no need for finance. Membership registrations have been strong to date and the 2023 conference event is forecast to be profitable. Based on this the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 11

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charitable Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 12

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.10 Financial instruments

The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted Total
funds funds
2022 2022
£ £
Unrestricted Total
funds funds
2021 2021
£ £
Grants 10,000 10,000

Page 13

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from charitable activities

Unrestricted
funds
2022
£
Membership fees
76,498
Sponsorship income
49
Journal income
83,668
Corporate partner fees
9,231
CPD sales
800
Total 2022
170,246
Unrestricted
funds
2021
£
Membership fees
83,918
Sponsorship income
7,200
Journal income
74,768
Corporate partner fees
7,493
Total 2021
173,379
Investment income
Unrestricted
funds
2022
£
Bank interest receivable
265		 Total
funds
2022
£
76,498
49
83,668
9,231
800
170,246
Total
funds
2021
£
83,918
7,200
74,768
7,493
173,379
Total
funds
2022
£
265

5. Investment income

Page 14

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Investment income (continued)

Unrestricted Total
funds funds
2021 2021
£ £
Bank interest receivable 661 661

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2022
£
Educational and training activities
161,345
Unrestricted
funds
2021
£
Educational and training activities
142,351
Analysis of expenditure by activities
Activities
undertaken
directly
2022
Support
costs
2022
£
£
Educational and training activities
108,428
52,917		 Total
2022
£
161,345
Total
2021
£
142,351
Total
funds
2022
£
161,345

7. Analysis of expenditure by activities

Page 15

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities (continued)

Activities
undertaken Support Total
directly costs funds
2021 2021 2021
£ £ £
Educational and training activities 97,008 45,343 142,351

Analysis of direct costs

Net expenditure/(income) of regional branches
Awards and prizes
Scholarships and grants paid to individuals
Professional journal costs
Regional engagement costs
Management charge
EfCCNa subscriptions
Total 2022
Net expenditure/(income) of regional branches
Scholarships and grants paid to individuals
Professional journal costs
Regional engagement costs
Management charge
EfCCNa subscriptions
Total 2021		 Educational
and training
2022
£
1,762
4,799
7,082
56,410
78
36,119
2,178
108,428
Educational
and training
2021
£
63
4,188
56,410
1,662
34,650
35
97,008		 Total
funds
2022
£
1,762
4,799
7,082
56,410
78
36,119
2,178
108,428
Total
funds
2021
£
63
4,188
56,410
1,662
34,650
35
97,008

Page 16

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Advertising and publicity
Management charge
Internet, telephone and website costs
Postage, stationery and storage
Bank charges
Travel and subsistence costs
Insurance
Legal and professional costs
Governance costs
Bad debts
Total 2022
Advertising and publicity
Management charge
Internet, telephone and website costs
Postage, stationery and storage
Bank charges
Travel and subsistence costs
Insurance
Legal and professional costs
Governance costs
Total 2021		 Educational
and training
2022
£
617
36,119
2,378
60
2,395
677
1,426
453
8,791
1
52,917
Educational
and training
2021
£
360
34,650
2,141
92
2,283
419
1,194
268
3,936
45,343		 Total
funds
2022
£
617
36,119
2,378
60
2,395
677
1,426
453
8,791
1
52,917
Total
funds
2021
£
360
34,650
2,141
92
2,283
419
1,194
268
3,936
45,343

Page 17

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Governance costs comprise:

Independent examiner's remuneration
Board meeting costs
Independent examiner's remuneration
Fees payable to the Charitable Company's independent examiner for the
preparation and independent examination of the Charitable Company's
annual accounts
Fees payable to the Charitable Company's independent examiner in
respect of:
All other services not included above		 2022
£
2,310
6,481
8,791
2022
£
2,310
440		 2021
£
2,180
1,756
3,936
2021
£
2,180
268

8. Independent examiner's remuneration

9. Trustees' remuneration and expenses

During the year, payments totalling £640 were made to one Trustee for non-trustee consultancy services supplied to the charity (2021: £2,999 to one Trustee).

During the year ended 31 December 2022, expenses totalling £ 1,828 were reimbursed or paid directly to 7 Trustees (2021 - £1,343 to 5 Trustees) . Reimbursed expenses were for travel to board meetings, executive meetings and meetings relating to the Trustees' role.

Page 18

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Fixed asset investments

----- Start of picture text -----
Investments
in
subsidiary
companies
£
Cost or valuation
At 1 January 2022 1
At 31 December 2022 1
Net book value
At 31 December 2022 1
At 31 December 2021 1
----- End of picture text -----

Principal subsidiaries

The following was a subsidiary undertaking of the Charitable Company:

Name Company Registered office or principal Principal activity number place of business BACCN (UK) Limited 04990351 Unit 14 the Stottie Shed, Baker's Organisation of Yard Christon Road, Gosforth courses for nurses Newcastle upon Tyne NE3 1XD and other healthcare workers

Class of Holding shares Ordinary 100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for Net assets
£ £ the year £
£
BACCN (UK) Limited 238,567 210,880 27,687 3,695

Page 19

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income		 2022
£
15,714
15,834
13,901
45,449		 2021
£
2,200
28,409
8,303
38,912

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 2022
£
9,608
2,321
17,796
29,725		 2021
£
7,006
2,224
9,400
18,630

13. Financial instruments

2022 2021
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 264,553 250,829

Financial assets measured at fair value through income and expenditure comprise bank balances.

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DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Statement of funds

Statement of funds - current year

Balance at 1
January
2022
£
Unrestricted funds
General funds
271,112
Statement of funds - prior year
Balance at
1 January
2021
£
Unrestricted funds
General funds
229,423		 Income
£
Expenditure
£
170,511
(161,345)
Income
£
Expenditure
£
184,040
(142,351)		 Balance at
31
December
2022
£
280,278
Balance at
31
December
2021
£
271,112

15. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Fixed asset investments
1
Current assets
310,002
Creditors due within one year
(29,725)
Total
280,278		 Total
funds
2022
£
1
310,002
(29,725)
280,278

Page 21

DocuSign Envelope ID: 6C161F15-9604-4C53-8236-95CB0A13A9A5

THE BRITISH ASSOCIATION OF CRITICAL CARE NURSES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
1
289,741
(18,630)
271,112		 Total
funds
2021
£
1
289,741
(18,630)
271,112

16. Related party transactions

Consultancy services were received from one of the Trustees of the charity as detailed in note 9.

Page 22