THE BRITISH PAIN SOCIETY EXPERTISE WHERE IY MATTÉRS The Britfsh Paln Soclety (A company limited by guarantee) Consolldated Flnanclal Statements Year ended December 2020 3rd Floor Churchlll House 35 Red Llon Square London WCIR 4SG Charlty Number: 1103260 Reglstered Charlty In Scotland Number: SC039583 Company Number: 5021381 Tho BrM$h Paln So¢lety Contents Page No. Legal and admInIstrat￿e Informatlon Olreclor< ￿pOrt 2-8 Independent Examlnerfs report Consolidated Statement of Flnanclal Activltles io Consolldated and charlty Bafance Sheets li Consolldated and Charlty Statements of Cash Hows Notesto the Flnanclal Statements 13-23 Thg Brlllsh Paln Soclety Legal and admlnlstratl¥t Informatlon Dlrectors tstJanu•ry- 2* September 2020 3(￿SePtember-3tst De￿Mb￿ 2020 DrA Bhaskar DrA. P. 8aranowskl Presldent Immedlate Past Pre51dent Vke Presldent Honordry Secretsry Interim Hon. Treasurer Emefitus Prof. S. Ahmedzal thunal Member Dr P. Brook Coun¢ll Member Dr N. co11￿han Council Member Mr M. Hey Coundl Member Dr R. Krlshnamoorthy Councll Membèr Dr S. Love-JDnes Councll Member Dr D. Pan8 Coundl Mernber Dr A, S}￿ft Councll Member DrA. Bhasknr Prof. R Knaggs Presldent Vlce Presldent Pmf. R Kna8gS Dr A Elssa Dr A Gulve DA, Elssa Dr A. Gufve Emeritus Prof. S. Ahmedzai Honorary Secretary Honorary Treasurer Councll Mernber Dr P. Brook Dr N, Colllghan Mrm. Hey Dr R. Kr5ShnaM￿rthY Dr S. Love-jones Ms C. Manson Or D. Pang Dr A Swift Councll Member Council Member Council Member Councll Member Councll Member Councll Member Councll Member Council Member Staff members as of31 December 2020: Msjenny Nlchola5 Chlef Executive offlcer M5 Difia Almuli SecretsrEat Manager Registered Office: ThSrd Floorchurchill House 35 Red Llon Squa London WCIR 4SG Bankers: CAF Bank 25 ￿n8$ Hill Avenue Kln8s Hlll West Mallin8 Kent ME19 4JQ Sollcknr: Hempsons Solicltors Hempsons House 40 Vllllers Street London WC2N 6NJ Re815tered Accountant: Sandlson Lang 2 St Marfs Road Tonbrldge K¢ntTN9 2LB Thè Brltlsh Paln Soclety Isthe largest multidlsclplinary professional organlsatlon In the field of Paln In the UX. It compri5e5 doctor5. nurses. phy5iOtherapi5ts, scientlsts, P5y¢holo8ists, oc¢upatlonal theraplsts, and other heaFthcare professlonals artively engaged In the dia8nosis ènd management of paln and In paln research. As of 3111 December 2020, there were 924 member* The Society Is the Brltlsh Chapter of the International ASSOCIat￿n for the Study of Paln IIASP) and is part of the European FederatSon of IASP Chapters IEFICI. The wholly owned tradlng 5ubsidlary 'BPS Paln Buslness Ltd, was establlshed In September 2014 to run tr4dln8 operatlons on beha￿ of the Soctety. The Dlrectors present their Annual Report and Financial Statements for year ended 31° December 2020. These flnanclal statements ¢omply with the ¢harttable comparfs Memorandum and Articles of Assoclatlon and appllcable laws and regvlatlons [the Charitles Art 2011, the Companles Act 2CQ6, the Charltles and Trustee Investment {Scotlandl Act 2005,. regul4tlon5 6 and 8 of the Charlties Accounts {kotlandl Regulatlons 2006 and the Charlties SORP IFRS 1021 publlshed In Ortober 20191. I. STRIKfuRE, 60VER14ANCE AND MANAGEMENT The Brittsh Paln Soclety Ss a company limited by guarantee incorporated on 21*January 2004 andls governed by Its Memorandum and Artlcles of Assoclatlon, along wtth the Regulatlons last updated on 29 September 2020. The Directors are appolnted by ballot of the members. ex¢eptfortheVlce Presldent, Honornry Secretary and Honorary Treasurer who are appolnted by the Directors. Any Ordinary or Honorary Member ofthe Sodety entltled to stand for electlon to the post of DlrertOr￿rustee. Only Member5 who have prevlousty served as Trustees of the Pain So¢lety, the Brltlsh Paln Soclèty, or as Board members of either the Internatlonal AssocIa￿Ort for the Study of Paln IIASPI or the European Federation of IASP Chapters {EFIC) are eligible to Stand for the p05t of Presldent. Vice President, Honorary Secretsry or Honorary Treasvrer, however, if Thj person who falls Wtthin the ellglblllty cateBories Is willin8 to be eonslderedfor ele￿0￿. Councll may conslder a andldate or candldatesfrom the Ordlnaryand Honorary Members. All newdlrectors/tru5tses are required to undertake formal Inductlon tr•ining. This Is scheduled to tske place prior to the flrst Councll Meetln8 followin8 their appointment. The Council of the Society meets at least four times a year. All the decislon5 related to the management of the Soclety are made by the Councll at these meetings. The President sets the Agenda for the Council meetlng and takes overall responsibillty for the day-tTrday runnln8 of the Soclety alon8 w￿h the ExecutNe Officèrs. Therè Is support for the Counal from the following Committees and subcommtttees: Sclentific Programme Commlttee. Communication5 Committee. Patlent Volce Committee, Sclence and Research Commlttee, Edu¢*lon Committee. Charftsble Alms and Awards sub The net funds of £79,054 are de￿gnated withln the Society acwunts to furtherthe actlvltles of the specKlc SIGS. The Society tontlnues to support Its educational activttles. Includln8 Speclal Interest Group Conferences and a serles of Study Days/Weblnars. These meetln85 may be supported by uncondlUonal educatlonal grants orswnsorshlp Itransacted through the tradlng company) from various companiès. and for transparency the 51G artmtles are accounted forseparatety. The Dlrectors have revlewed the Sodety's needs for reserves In Ilne wlth the 8uldan¢e15syed by the Charlty Commlsslon and have made the followlng prov15ion: - to work towards £3￿,0(M) In general funds belng kept In rKerv8 to cover the ongokng costs of the Soclety should thère be a fallure of Incomé. Sustalnable finantes remain èn on8olnB priority for ihe Sodety, and whilrt In 2020 wè have seen a surplus, further work Is needed to malntain and grow this posltlon. The prlncipal source of fundinB comes from the substtiptions of the members which declined 51i8htly durin8 2020. The D1￿CtorS recognlsed and had addressed where there have been s[gnifi￿nt chan8es In finances In 2020. e5peclally with regards to COVD- 19 and have therefore planned ac¢ordln8ly for 2021. Goln8 Con¢ern The Directors contlnue to dbcuss Its finances In detsll at Councll meetln85, wlth the Executlve Officers meetlng more frequently to dlscuss financlal and workload issues. In line wtth the antlcipated reduced Income from the po$tkK)nementof the annual conference, and the move of edutational events to onllne.we have also looked at reduc1￿ the correspondln8 expendlture. Budget forecasts forthe next 12 month5 are belng con51dered. The main varlable Is the duratlon and Impart of COVID-19, Whilst the sltuatlon makes plannlng more dlfflcul¢ we have considered the impact of reduced Income from events and are plannlng to have In place alternate means of del￿erIng educatlonal content remotely. In addltlon, work to develop new income5treamstor the Society Is underwaywlth the antlclpated appolntment of Lay Councll Members. The Dlrectors have confidence thatthe Society and tradin8 arm have adequate resources to rnm?In Sn operatlon for 12 month5 after approval of these finandal Statements. 5. PLANS FOR FIMJRE PERIODS The Society wlll contlnue to ralsè the proflle of paln and gonerate IrKome tothe Soclety through Natlonal'Awareness Campal8n for Pain. The Brltlsh Paln SocletV$ 2021 knnual Sclentlflc Meetlng wlll take plate as a vlrtual event on the 27-29th Aprll 2021. The Society wlll revlew several of its exi5tlw publlcations, Undersrandlng andmonjglng Long Term Poln-lnlonnatlonforpotlents, Cancer Paln and Spint71Cord Stimulatlon. The Soclety continues to expand its range of weblnars, wlth several Spedal Interest Groups ISIGS) also runnln8 several webJnars in 2021, The Paln Management Pro8ramme SIG wlll ¢ommence plannlng for thelr blennlal m8etlng due to take place In September 2021. Thls Is Ilkely to be a virtual event. The Soclety has commenced work on developlng an educatlon platform, for all healthcare professlonals with an Interest in pain to access. The 5o¢lety beBan work atthe end of 2020 on a large 2-year Qsteoarthrttls MDT pllot project. 7. STATEMENT ASTO DISCLOSURE OF INFORMATION TO AUDITORS So far as the directors are aware, there Ss no relevant audit information of whlch the company's audltors are unaware, and each dlrector has taken all the steps that they ou8ht to have taken as a director to make themselves awafft of any relevant audit infomi3tSon and to estsbllsh that the company'5 alxlitors are aware of that information. 8. sfATEMENT OF DIRECTORS. RESPONSIBILITIES Company law requlres the dlrertors to prepare financial ststements for each financlal yearwhlch givès a trne and falr view of the state of affairs of the charitsble tompany and of the incoming resources and application of resources, inclutling thè income and expenditure, of the charltable CQTnpany during that period. In preparin8 those financlal statèments the dlrectors are required to: Select sult3blÈ accounting poll¢les and then applythem consistentW. lill Observe the mèthods and prlnciples In the Charities SORP. Ilill Make judgements and estimates that are reasonable and prudent Ilvl State whether applicable UK Accounting Stsndard5 have been followed, 5ubfrect to any material departures disclosèd and explained in the financial statements. Iv) Prepare financial statements on a golng con￿rn basis unles5 It is inappropriate to presume that the company will continue In business. The directors are responsible for keepine proper accounting recordswhlch disclose wlth reasonable accuraty at any time the finan¢ial p051tiorb olthe charitable company and to enable them to ensure that the flnandal statements compty with the Companle5 Act 2006, the Charities and Trustee Investment {Scotlandl Art 2005 and thè Charities Accounts (Scotlandl Regulations 2006 las amended). They are also responsible for safeguarding the assets of the charitable company and hence for tsklng reasonable steps for the preventlon and detertion of fraud and other irregularfcies. In preparing this repoTt the directors have taken advantage of special proviSlDns of the Companles Act 2006 relating to small tompartiès. St8ned.. Dated: 31 A DrAshlsh 6ufve (Honorary Treasurer) The British Pain Soclèty INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH PAIN soaETY FOR THE YEAR ENDED 31ST DECEMBER 2020 Independent emamlnerfs reportto the trustees of The Brltlsh Paln Sod•ty I report to the charlty trustees on my examlnatlon of the xcounts of The Brlt5sh Paln Socletyfor the year ended 315t Deomber 2020. R•sponslbllltles and basls of report As the charfty irustees of the Trnst you are responslble forthe preparatlon of the accounts In XCOrdan￿ wlth the requlrempnts of the Charttle5 Act 20111'the I report lft respect of my examlnatlon of the Trusvs aeeounts caffled out under 145 of the Art and In ¢arryln8 out my examination I have foll¢Jwed all applltabie Directions given b¥the Charity Commlsslon under settknn 14515llbl of the dependent examlnerfs statsment Slnce your charitvs gross Income exceeded £250,L￿O VOLkrexamlnèrmust be a member of a listed ts0￿. l can conflrm that l am quallfied to undertake thé examlnètton because l am a reglstered member of FCCA whlch Is one of the Ilsted bodles. I have completed my examlnatlon, I conflrm that no materfal matters have come to my attention In conneett¢)n wlth the examlnatlon glvlng me cause to belleve that In any materlal respect: accountlng records were not kept In respect of the Trust as required by section 130 of the Att.. or 2. the accounts do not accord wlth those records. or 3. the accounts do not comply wtth the ?ppllcable requlrements conceming the fonn and contert of accounts set out in the Charltles (Accounts and Reports) Regulations 2tK18 other than any requirement that the accounts 8fve a tfue and falr vlew whlch 55 not a matter consklered as part of an Independent eyamlnatlon. I have no con¢ems and have come across no other matters In connertlon wlth the examlnatlon to whlch attentlon should bè drawn In thL8 report In orderto enable a proper understandln8 of the accounts to bè reached. Mr R Cotttn8ton FCCA Sandison Lan8 Limited 2 St Marys Road Tonbdd8e Kent TN9 2L8 9 9 1i)IK THE BRMSH PAIN SOCIEIY COPISOUDATEDSTA7ÉMENTOF FINANCIAL AcfwmES {Indudln8 wns01ldat￿ Intome and èxpendlthrex¢ountl FwThe Yo•r End•d 31st De£ombw 21 Totsl Totsl 2019 Funds Inmmefrow. Donatlortsand le8actes 144.837 240,997 385,834 154P Incorne from d￿rttable a¢lhrttles 6.500 6.SOO 244,720 IrKomeAmm other trodlnllttctlvltles Commer¢lal tradinB operatlons 250 108.ts8 Inves￿nt Income4ntere5t receknl Totsl hKome 3.890 396.474 3,554 510,424 155A77 240.997 RolMgFund5 ConNMTral tradlngoper3tlon5 42,488 CharltaNe acllvltles 264.356 15.0 Othér-tsx pakl by BPS Paln Buslness Ltd 19) Total EWrtd￿urÈ 265,766 280,766 $39,281 Nèt nicomÉllèxF*ndllurel forlheyear 1110.2891 225.997 115.708 128,857) Gr05s Iransfer between funds In lunds 1110.2891 225.997 I￿,708 I28￿573 Recondlladon of funds Total Funds at tstJanuary2020 629,036 171759 804795 830.652 Total F¥id5* 31st De¢ember2020 518,747 398.756 917.503 80L795 All amounts derfvefrom contlnuln8aetMtl All 8alns and losses recognlsed In th8 pedod are Induded In the ststement of fftnantyal gtIMtIès. The notes on pages ￿ to 23 forn part ofthese finonthl Motemonts YHE BRlnSH PAIN SOCIÈTY 8ALAIXESHEETS Asat 31 DÉ¢ember 2020 ConsoAdated Charlty Notes 2020 iy 2020 2019 Fixed assets Tan8lble assets Inve5tmeTrts 12 13 4.$64 3,878 4.S64 3.878 4.564 3.878 4.565 3,879 CuMeMtass8ts Debtors Cash at bank and hand 14 137.527 982,837 135J66 913,243 99.3(XS 1,011.465 1792n 859.580 Total ￿rnnt assets 1.120,464 1,049,609 1.110,765 1,038.851 credit￿$. amountstalllngdue wlthkn ontyèar 207.525 251.692 198.870 243.134 Net Cwrent assets 912.939 797,917 911,895 795,717 Net assets 917,503 *)1,795 916,460 799,596 Fund5 ofthe tharfty Ilestricted Incorne funds 16 398.756 172.759 398.756 172.759 Unrestrktedlncomefunds.. Desi8nated fijnds fjeneralfunds 234.934 283,813 518.747 233.477 395.559 629.036 234,934 282,770 517,704 233.477 393,360 626A37 Total tharityfunds 917,503 801.795 916A60 799,596 The directors have prepared 8Youp account5 in acCo￿la￿ce wlth Se(tlon 398 of the CompaniesA¢t 20t6, the Charftles Act 20118nd sectSon44of the Chariiles and Trustee Investment IS¢otlandl kt 2005. Thest accounts are prepared In accordan￿ wlth the speclal provlslons of Part 15 of the CompanlesAct relatin¥ to small companks. Thè directors acknowledgethelr responslblllties forcomplylnswth the ￿qU1￿Ments of the Companles Act 2￿6 with respectto accountlng records and the preparation of accounts. ThefiNntlal statements werÈ approved bythe Directorson....... 518ned on behalf bv DrAG Ive- Director The notes ¢)n pages 13 to 23 form part of ihese financtal statements li ThE ORIf￿H PAIN soa srATEMENfoF CASHFLOWSANDCONSOUDATEDsfA7EMENfoFCASK FLOWS ForThpYurEnd4d 3tstDecember20ZO Cor*dtth¢¢d 2019 67,736 4,264 I50￿31 34.9YI Purdt8se oleffiee tgulwtrtt 1Thterestrece￿ed 110321 (u321 3,886 3,554 3￿8 L858 3,S54 3,538 Cash flowsfr¢mfflnandniath￿1tes 14•t kna5elldocMasel In r45h •r41 ¢ash •quI￿1•￿tr 7￿18 L865 38.469 Ètembtl1OIO 982,837 913,243 I,OllJ65 S59￿80 AnatysTsoftash Hndtosh Cash at bank and in h•hd FlxedTerm Bond Totalcash and cash eothlents 982037 913,243 ImiA65 859, 982.837 913.243 I.￿1￿65 859.$80 The n(tson pa8es 13 to 23fomi partofthtsefinandal statements 12 ThE BRITISH PAIN soaETY MOTESTOTHE HNANCIAL STATEMENTS Forthe year ended 31st Deeember2020 l GeDor•l Inforn)*k The charlty tsa company Ilmlted by guarantee In¢orporated In En813nd ONI Wales underth¢Campanles Act 21)J6 and Cha￿tIeS Act2011. The add￿$$ of the reglstered Offi￿ ly provlded In leaal and adrnlnlstratS¥e detsll& Detslls of the tharitV$ operatlons are prtsvlded in the Reportof the dlre£tors. The lIa￿1rtY In respect of the guarantee Is Ilrnlted to £1 perrnemberof the charlty. The ￿Melp81 a¢tounrfngpolldes adoMed,ludeements key sour¢es ofest4madon ￿￿rta[fity Inthe prepaAtlon of thé Ilnancialstatements are as follows: a) B8sts ol prepArathin The￿nantIal ststements have beEn prepared In accordance wlth Atrounitn8 and REportln8 by Chtthtes Statement Of Recommended Practlce appllcable to charltles preparlngthelr accounts InaCCordan￿ wlth the Flnandal Reportln8 Stsndard ap￿ICable In the LIK and Republlcof Ireland IFRS1021-ICharltle5SORP IFRS 10211, the Chadtles Aet201L settbn 4401 the Charltle$and Trustee Invemment IScotlandlAct2CQS and tht CompanlesAct 2£ The Brftlsh Paln5o¢lety meets the deftnlllon of a publlcbenefft+A¥ty undér FRS 102. Assétsand Ilabllill¢s are InStlally recognfsed at hlgtorfcal co5t0rtrar￿¢tlon value unless Othe￿ISe ststed In the retevant pollty notè b) Propar#tlonofa¢o)untsMaEolnK ¢on¢•rn bas1$ Prepara￿on of thè a¢¢iJunts Is on a golng concem bas1& TheTrustee$ areof the vlewthatthe I￿e1 of reseTh*5 wlll stspp0rtthetharity￿ln8 forward. c) 6Mlsof Consolldifion 7he fftnancial thtements¢onsolid4te the resultsof the charltyand Its whollyowned sub5Fdl3ry 8PS Paln Buslness Ltd on 4 Ilne by line basis. The attouMin8 year ends are cotemln¢)us. The parentth4r6ty has tsken advantage otsectlon 408of theCompanlesAct 2￿6 notto Irtdude an IndNldual Inrome andexpentliture of ltsresults. d) In¢¢ All In¢omlngresources are Included on the Statement of HTr?ncial ACti￿tIeS whenthe charfly15 legallyentltled to the Income, Ttls probable the IrKome wlll be recelved and the ?mgunt¢an be quantlhEd wf(h reasonablo ac¢urxy. MembershlpsubsL¥lptlon ￿rIod¢0mmenctofi l NoVeM￿r￿a¢h year thereforethe recognrtlonof subscrlptlon Income recelved In advante Is deferrèd. Interestoti funds hekl on depDsIt Is Included when recelvable and theornountcan be rneasured r*llab]y by the charlty. e) Donat•d s•r¥k•$aMlfadlttles Donated professlonal Sery1￿$and donatedfadllttes are recognlsed as Incomewhen the tharftyha5 control overt￿lie￿ any conditlons asso¢lat8dwlth the donated liem have been met, the recelpt of e￿MI¢ béntfitfrom thè usè by the charftyof the Item ts probabie and thateconomlc benefii ian be measured reliabty. In accardance wtth the chartt￿ SORP IFRS 1021, ￿neral vdurtteÉitlme Is xot rtto8hLsed. l¢)formatk*n on the cont￿b￿tIOn of dlrectots Is 8lven In the annual report. On recelpL dorbated professlonal servltes and do¢)ated faCIl￿eS are recognlwj on the basss of the value of the81ft tothe tharltywhlth15 the arnO￿t thetharitywould have been wlllln8to payto obtaln servlces orfa¢116tle$of equlvalent e¢onoml¢ benefft on theopen rnarket. a correspond1￿ amount15 then reco¥ni$ed in expendlture in the period of recelpL 13 THE BRITISH PAIIISOCIETY NOTESTOTHE FINthaALsfATEMENTS Forth• y•ar •nd4d 3tst Decembtr 2020 2Att0un￿￿sVa1ld8s (cont&w￿) fxpendiwr• Expendlture Is a¢co￿ted for on an attruak basjs and hasbeen d95S￿ed und¢T heidln8Sthat ￿￿eBate all tost relatedtothe category. Wherecosts cannot b• dlre¢Uy attrlbutld to partlcular headln85theyh3ve been a[￿X?tedt08CtmtleS on a ba515 ronsl$teniw]thlhe use of resourc￿. Grants offered 5ublertto (Dr￿it1￿$whlth hav• not been meta¢theyearend date8re noted asa commllrnerrt byt notattrued as *¥pendiiure. 9) Alloatlon of wport¢os $￿en￿lI¢ meetlng on a basls cOr￿￿tent whhthe use of rt￿r￿a$dethlled In the note&tothefinin¢l•l statements. h) Fund ?￿Qu￿¢1 UnrÈstrkted funds are a¥allabteto S￿nd on actMtl*s thatfurther anypurpwes olthe charlty. 0•518D3ted funds are unre5trfcted funds of the thoritywhl¢h the trustees have declded atthelr dtscretloh toset to vsefora speafic purpose. Restrlctedfundsare donatlons whlch the donorhasspecifled¥e to be sole sed f•rpar￿£￿1arareas of the Societyswork orlor 5pedfic prole¢ts belng uDdertaken bythe Sorrety. Furtherexplanadon of thenthre and purpgse¥f ta¢hfund Is Sr¢ctuded kn the notesto thÈ Ahandèl statemert& lJx•d assets Tanglweflxed assets are slated atcost kn depreclatian. A55ets ¢ostlng less th8n £5(KlarewithThoff In the yearof purchase. Depredatlon i5pfDvidÈd at the follDwkb8 annuol rats5 In orderto wrfie off ea¢h asset overlts estlmated useful life as lollows= Offio É4uW*rt- 2Q% M a redudnB balance ba#& The chailty operates a defined contrlblrtlon PEn51on s¢heme. ContrfbulFon5 are tharged tothe Stat*m￿t of Flnandal Actlvltles 35 they be¢ome prdble In accordan￿ vAth the rulesof the scheme. Thetharfty IsuTrJer nofvrth•robll84Uon to makeamyextra payments Irre5pectlYe of hiw• that penslonfund perform kl Operbvng I￿se$ entsl ch7rses payabl2 under operatln8l*ses are charged on a str*ht Ilne basi$over thÈternisof the lease. 3 Fln*thl parf•mwi¢eofth*tharfty A$ummary perfDrrnanceofthech* exdudlng the results ol itswholly owned subsldlary Is: 2019 lrtome re8ourte$ Incornetrom subsltharycomp3fiy pald umderlknnce DonatlDn of pfoffts ￿nder gfft ald 220 4￿170 724 27,942 466,936 496,6D3 129.6671 396220 279356 116A61 ExpeDdlture on tharltable acuvths Net e¥p¢ndKure 14 THEBRIT15H PAIN SOCIErY NI)TESTOTHE HNANCIALSYATVAENTS rthe yearerded 31st Dec•mber2020 41rKoMefrmd0n￿[onIjnd kKa¢les 2019 Donattons 61ftald rtréhed Subscrlptltsns 20 419 141017 144,837 153.593 154.012 5 In¢omi frtyntharttsblea¢tl¥llles 2020 meet1ngln￿Mt Publlcatlons R•starth awirdsaTrdgTrnts 51GS Focu5¢n Paln Re5earth Meetin8 Other income Indudlng royakies Paln Awareriesscompaign 182M12 240,997 2.700 2321 1,460 19 247A97 53.558 150)} 6.868 1.782 244.720 61)tt*rtradlnsacll¥Jtl•s.8PSP4ln Ltd 2020 2019 Intcmegentrèted by 8PS Path Bu51ne5s Ltd 108,138 8PSPaln Bthstness Ltd (r￿￿ered In En6land and Wales.compaAy no. 922Cfj78115the thaTW5 whoNy cwnedsubsldlary. Itoperaresthetrade exhibition 4tth•4nnu•lxlentifi¢ meeiir& and tradtng actfvitl•s. LTnd•r I1￿1￿￿tra￿the tharity. The i¢suk5 of thecompallyfortheyeaiwere as fdlows:. 2020 2019 YUrT￿er Bank ith¢r4st Costofsales and admlnlstlatbn cost5 Costs re¢h¥r8ed bytheth•rfjty Mcence OperatlnB (105$) I profft Corpor*tontax Proffit Donadon under￿ft aWtoThe BrftFsh Paln 5Klety Retalned In 5ubsldSary 250 108,118 16 Iu4881 36.724 2S.942 190 28,752 27.942 810 {IA161 IL1521 141 141561 11,15fj re8ate asstts 2,20D 15 THE &RmsH PAtN soaErY NOTeSTOTHEANANC14LSTAIEhwirs Forthe ye4renthd31stD•t&xbtr2020 7 Eyendl¢w• m ¢hwR•E4•atlMIIÈs 2019 25366 Asmcosts OthermeetlnBcosts New51etter&Journal SE¢retrrf•t& other 5thff costs PropertyC05ts Olfice costs Comwtersystem & software 3&699 395 9,230 41986 122.110 51707 14.395 4781 I,iu 16,299 11230 2,673 7A74 Doubthjl dÉt*s Acwuntancy Depred•tyon Loss on dtsposal Lwl wofeslbnalfees 205 6A98 Coundl ewses Ind￿altrUstee$1trus1ÈÉtrdInIng Audlt12019 Independentexa*)*Tratlonl AnnL￿1 report 12346 712 3,132 ￿17 279,356 496ffj03 Thefofiowln8tables thtrwsthÈ¢o*of th? M41n¢￿￿t•L￿e0th¥l￿eS I￿UdI supportt#stsJ￿l8ra0t￿￿Ol￿tothITdpa￿es s￿¢ Grthithndl 010dMUes T¢i•l undert•ke Acd*Aty￿ pfw*b 2020 ASM ChariiaL4egrants(note81 New￿￿tI￿& putrAlcat(on5 Secretsrlatcosts 107,963 107,%3 15£OJ 38?65 109.230 1S.1)JO 109.230 I47￿95.00 116.761 279,356 134690 978 25A66 1258 25J66 Newslettw& pt￿1(all 12Q771 12Q771 21540 29¢461 24344 494603 SomestaffandofficecostsartaPp￿1Oned fJ)%tsthe InrN￿l5¢Ienfft nxetlrYd8rK140%toSecretsrlat st& 16 THE BRMSH PAIN SOCI R40TES TOTKE FJNANCIALSTATEMENTS Forth• year ènded 31st De¢tnthor 2020 8 Grants The attached annLFal report deta115the grantsoffered by thé charity. The ClulowAward', The award Is awarded bi-annually lup to a maxlmum of £50.0001, and Is pald In four Instalments at 38Teed mllestones. Theflrst thfee1Tr5t4lments wlll be pald at 30%of thetotal Invotce from the receMn8 Inst￿tIon. The first Instalment wlll be transferred followlng retelpt of the Siw￿d grant value and the fourth at IO%. each a8alnst an award letter. The second and thlrd Instalments wlll be pald on rncelpt and approval byThe Brltlsh Paln Sodety of two pro8re55reportsto be submitted at 12 and 18 moftth5 from the date of recelpt of 8rand award letter. A flnal Instalment of IO%wlll be pald retslpt ofthè studyfinal report. Patrfck Wall Internatlonal Meeling5 BuT￿ry.. The Soclety has made funds avallable to assl$t sclehtlsts, cllnlcal or allled health praCt￿l0￿ets atthe e• stages of thetr rdreer In paln research who requlTe flnanclal asslstsncetg present thelr work at overseas sclentlfk meetlnEs. other than the BrI￿Sh Pain Sodet*s Annual Sclentlfic Meetlng and the IASP World Con8ress Iseparnte bursarles are avallable forthese two meetlngsl. In 2020 a grant of £nll was awarded 12019., £5081. British Pakn So¢IetyAnm￿I Sclentlflc Meetlng Bursary: Each year, the socletyoffers bUr$a￿eSt0 members of the Soclety to attend It5 Annual Sclentrfic Meetlng (ASM). Headache Spedal InterertGroup ISIGI.. In 2019 tht Héadathe Spedal Intere$t Group ifi￿ed appllcatlons fora research grant of ￿ to £15,OW In thefidd of headache research carried o¢rt In UK. 2019 aulow award costs P Wall award SIG headache Bursarlès Total 8rants IwJr5arles awarded.. 15,000 Is,￿0 978 26.344 15 9 Net Incornellexpndttur¢) fortht yt•r Thls Is ststed after charglrrf,. 20 Depreclatlon Operatln8 lease payments Audltor's remuneratbn: Audlt Fees Accountancy sevvkes Independent ExaMIna￿oN Ftts 1.141 40,751 969 39￿20 4,152 12fAJ 17 ThE BRMSH P￿N SOCIETY NOTESTOTHE FINANCIAL STATEMENrs Forth¢year ended 31$1 Docembér2020 IOAnalWs ofstalltfve Ip produ¢e o range of GPlprlmaryc•re resource& PLCSemlnur In 20168 restrfthd8rantlorthe workofthe Patlont Llalsen Committe*w&s r￿￿ed. In 4reemwtvAth thefundei. thegrant wasweÉd to be usediosupport ihe proyklon of an annual Professorslr Mlthael B¢nd Lectvre, almed attopk5felevanttopeople livkn8 wllh p4in. Dela1150f dEsIw4tedlunds 51GS Thedirettors havesetasldethe accumulatlonof surpluse5 from rneetlwoverseveral year5 spmton theworkof Indi￿d￿al speclal Intere5tUQUP5 •sdetalled Inthe repprt, Mup olAledldnePothways In 2011 educatlonal vantsWerere￿l¥ed frorn 1[￿￿$trywhIth were 48reed to hused ttssW)F￿the productlon of aserlesuf wlTbw1w￿$w1th the Map of kledlclne. Thed¢51gnatedASMfvnds are the￿￿rturE￿an ofsurplusesfrom m•*tkw ovqr5•V•fal wrsand are to b¢ spent on ethCa￿en and r•searth. 21 IHE BAITLSH PAIN SOCIETY r401ESTOTHE FINPJ4CIALSTATEMENTS Fort￿Year*n1¢d 31stl)eMitr*r2020 Flxed a55¢ts Currtnt asyets cre{￿torS.$MQ￿MstsIIo￿lWQWllh1n Net assets 4,564 486,774 7,525 283,813 234.934 721,708 398.756 1,120.464 7.525 917,503 234334 518.747 3A78 643.3n 51,692 395.559 3078 876.850 251.692 629,036 Cur¥ent8sgets ¢thtors.' arMuntsfallln8 due wlthlnoneye•r 231477 171759 I,(b19.6)39 251,692 AOl.795 233A77 172,759 Flxed a55ets Jrrenta55ets Credknts:arnmntsfallkngdue wlhknoney¢ar 4.565 477,07S 198A70 281770 4565 712 398,756 1.110,765 79 916.460 234.934 517.704 398.756 2019 FLxedossets Currertassers Credknrs:gmountsfalJln8due wltNn on8yoar 3,879 L038,851 632,615 233,477 866.Q92 1243.134 626057 172,759 393.360 233,477 172,759 799.596 As at31 Oecemlxi2020th¥8TW) hadIutU￿ n￿nIMuM thse commltments asfolbws.. 2019 Trtal 40.751 Notlaterthan I year latsrthan I ￿rand nrtl8terthan 5years 78,372 78372 119,J23 22 THE BRMSH PAIN soaETY NOTESTOTHE FINANCIAL STATEMENTS For the year ended 31st December 2020 19 Rffondlllatlon of net movement ITr funds to net Cash flow from *)ptrdtlry3ctl¥ltl¢s Group Charlty 2020 2019 20ZO 2019 Net movement In fund5 Add back depreclatlon charge Add ba¢k1055 on dlsp05al Interest recelved Decreaselllncreasel In debtors Intreaselldeereasel In ueditors Net cash used In operatin8 actfvltles 115,708 1,141 205 13,8901 11.261} 44,167 67,736 {28,8571 969 116,864 1,141 205 13,8861 79.971 44.264 150,031 129,6671 969 13,5541 151,0661 86 772 4.264 3,538 192,0111 82,240 134.9311