THE BRITISH PAIN SOCIETY EXPERTISE WHERE IT MATTERS The British Pain Society {A company limited by guarantee) Consolidated Financial Statements Year ended December 2025 124 City Road London ECIV 2NX Charity Number: 1103260 Registered Charity in Scotland Number.. SC039583 Company Number: 5021381
THE BRITISH PAIN SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 Page No. Legal and administrative information Report of the Directors and Trustees 2-14 Independent Examiner's report 15 Consolidated Statement of Financial Activities 16 Consolidated and Charity Balance Sheets 17 Consolidated and Charity Statements of Cash Flow5 18 Notes to the Financial Statements 19-28
THE BRITISH PAIN SOCIErY LEGALAND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025 Trustee Directors I" January- 15 May 2025 16 May 2025-310ecember 2025 Trustee5 Qt date of report opproval Prof R. Knaggs President Dr N. Collighan Honorary Treasurer Mr M. Hey Honorary Secretary Dr C. Price Vice President Dr. R Munglani Vice President Dr S. Gulati Council Mernber Prof R. Knaggs Dr N. Collighan Mr M. Hey Dr C. Price Dr R MLJnglani Dr S. Gulati President Honorary Treasurer Honorary Vice President Vice President Council Member F5n Dr R. Krishnamoorthy Council Member Dr D. Pang Council Member Dr M. Chincholkar Council Mernber Dr M. Sinha Council Member Dr l. lones Council Member Dr S. Harrisson Council Member Dr R. Krishnamoorthy Dr D. Pang Dr M. Chincholkar Dr M. sinha Dr l. lones Dr S. Harrisson Prof S. 5ikandar Dr D. Ravindran Council Member Council Mernber Council Member Council Member Council Member Council Member Council Member Council Member "Note thgt Pra]5 Sikand¢Trund QrD Rowndmn begL¥n their term on 16 Moy2025 Note.'All trustees ore 0150 mefftbersof the Council. Registered Offi£e= (Until 30 November 20251 Third Floor, Churchill House 35 Red Lion Square London WCIR 4SG IFforn l Decernber 20251 124 City Road London ECIV 2NX Bankers.. Barclays Bank Leicester LE87 2BB Solicitor= Hempsons Solicitor5 Hempsons House 40 Villiers Street London WC2N 6NI Registered Accountant.. Marcus Cridland B.A.IHonsl F.C.A. Scott Vevers Ltd Chartered Accountants and Registered Auditors 65 East Street Bridport DT6 3LB
THE BRITISH PAIN SOCIETY REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 OECEMBER 2025 The Oirectors present their Annual Report and Financial Statements for year ended 31, December 2025. These fin3ncial Statements comply with the charitable company'5 Memorandum and Article5 of Association and applicable laws and regulations Ithe Charitie5 Act 2011, the Companies Act 2006, the Charities ènd Trustee Investment Iscotlandl Act 2005, regulations 6 and 8 of the Charities Accounts (Scotlandl Regulations 2006 and the Charities SORP IFRS 1021 published in October 2019. Objectives and activities The objects as set out in the Memorandum and Articles of Association for which the Society 15 e5tabli5hed are the advancement of pain care by raising the standard of the management of pain through the promotion of education, research and training. The Society works to achieve these objectives by bringing together healthcare professionals, researcher5 and other stakeholders involved in the understanding. diagnosis and management of pain. Public benefit statement The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Societ5 aims and objectives and in planning futvre activitie5. The trustees coll51der that the activities undertaken during the year further the Society's charitable purposes for the public benefit. The Society's work supports improved understanding and management of pain a¢r055 healthcare disciplines, benefiting both healthcare PTofe55ionals and the patients they serve. Main activities undertaken to further the objects The Society cleltrvers its charitable objertive5 through a range of activitie5 including: organising scientific meetings, conference5 and educational events providing profe$5ional education and training in pain management supporting and promoting research into the understanding and treatment of pain publiShng journals, newsletters and educational materials producing patient information resources faolitating collaboration and knowledge exchange between healthcare professionals, researchers and organisations working in pain management providing bursaries and grants to support education and research activities. These activities Support the dissemination of best practice. the development of professional knowledge and the improvement of standards of care in pain management. Role of volunteers The Society relies significantly on the contribution of volunteers in delivering its charitable activities. Trustee5, committee members, Special Interest Group ISIGI leads and members, and representative5 who have lived experience of pain contribute their time and expertise to supportgovernance, education, research activities and public engagement. Volunteers are responsible for organising educational meetings and webinars, contributing to publications, developing clinical guidance and resources, supporting research initiatives and representing the Society in professional networks and collaborations.
THE BRITISH PAIN SOCIETY REPORT OF THE DIREcfoRSAND TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2025 While the financial value of volunteer contributions is not retognised within the financial statements. the trustees acknowledge that these contributions represent a substantial input and are essential to the Society's ability to deliver its activities and achieve its charitable objectives. Partnerships and external engagement Stakeholder for NICE guidelines and NFIS England Clinical Reference Group5 Member of the Association of Medical Research Charities IAMRCI Reprèsentation across multiple professional bodies and intern6tional pain network Signed MOUS with American Academy of Pain Medicine and Canadian Pain Society Endorses publlc health campaigns such as 'Flippin Pain" Explanation of activities and use of resources The activities described in this report correspond to the charitable activitie5 reported within the financtal statements, including expenditure on educational events. publications, research support and organisational governance. Income received through membership subscriptions, educational grants and event income is applied to support these activities, including the delivery of conferences and webinars, the PLJblication of journals and educational materials, and the administration required to SUPPOrt the Society's programmes and initiatives. Further detail regarding expenditur@ on these activities is provided within the Statement of Financial Activities and the related notes to the financial statements. Structure, governan¢e and management Governing document and legal constitution The Society was incorpoiated a5 a company limited by guarantee on 21st January 2004. It is governed by its Memorandum and Articles of Association. along with the Regulations135t updated on 7th October 2022. Appointment and recruitment of trLtstees The Council of the Society comprises the Directors Itrusteesl, who are appointed as follows.. Election by members.. All Ordinary or Honorary Members of the Society 3re entitled to stand for election to the post of DirertorlTrustee. Appointment by Council.. The Vice President, Honorary Secretary and Honorary Treasurer are appointed by the Dir@ctors. Eligibility for Executive Officers.. Only Member5 who have previously Seed as Trustee5 of the Society, the British Pain Society. or as Board members of eithei the 5nternational Association for the Study of Pain IIASPI or the European Federation of IA5P Chapters IEFICI are eligible to stand for the posts of President, Vice President, Honorary Secretary or Honorary Treasurer. If no eligible person is willing to stand, Council may consider candidates from the broader membership. All new Directors/Trustees undertake formal induction and trustee training following their first Council meeting after appointment.
THE BRtTISH PAIN SOCIETY REPORT OF THE DIRECTORSAND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Governance and detlsÈon-making Governance Structure The Council 15 responsible for the overall governance and strategic direction of the Society and meets at least four times per year. making all management decision5. The PrE5ident 5et5 the agenda and oversees day-to- day operations with Executive Officers. Council is supported by committees.. Scientific Programme Committee Communications Committee Expert Patient and Carer Committee (formerly Patient Voice Committee) Science and Research Committee Education Committee Clinical Effectiveness Committee (newly formed in 20251 Secretariat and Operational Management Until October 2022. the Council wa5 supported by a Secretariat led by a CEO. From November 2022, the Society contracted an Association Management Company. Kenes, to provide Secretariat 5ervice5. In April 2024, the Society appointed an Executive Director, resourced through Kenes, to lead the Secretariat in co- creating and delivering th@ BPS Strategy and objective5. All executive decisions are made by Officers (President, President-elect, Vice Presidentlsl, Honorarv Treasurer. Honorary Trea5urer-elect, Honorary Secretary, Honorary Secretary-elert, Immediate Past Presidentl, with input from the Secretariat. An Annual General Meeting of member5 was held virtually to allow greater acce55ibility for members. The 2025 AGM took place on 15 May 2025. Special Interest Groups ISIGS) At the start of 2025 there were 12 Society Spe¢lal Interest Groups ISIGS): Acute Pain Pain in Older People Neuropathic Pain Interventional Pain Management Global Pain Management Primary And Community Care Philosophy and Ethics Pain Management Programmes Headache Medicolegal Pain Education Pain in Children and one Affiliated Special Interest Group ISIGI.. The Pain Nurse Network The governance of these SIG5 is established within the Articles and Regulations of ihe Societv.
THE BRITISH PAIN SOCIETY REPORT OF THE OIRECTORSAND TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2025 Risk management The Council has identified areas of risk within the Society and actions that have been taken by Council to minimise or elimlnate these. The specific areas of risk identified are as follow5.. Finonciol probity.. The Directors have established systems of internal control, comprising financial estlmates and annual budgets, delegated authorities for operational management and segregation of duties, reviews of financial and investment performance and the identification and management of risks. in accordance with the publication CC8 '1nternal Financial Controls for Charities" The internal controls have been formalised and are set out as Finance Procedures for the Society. These are continually reviewed and updated, as required. The internal controls are subject to ongoing assessment and evaluation by the directors. At least two meetings a year are held to consider financial man3gEment and performance in detail. The Honorary Treasurer reports on financial matters io each Council meeting of the Society, compT15ing director5 and co- opted members. These meetings record the form81 review and approval of all aspects of finance, internal controls, and accounts. In 2025 work continued on improving and simplifying financial processes and procedures, with an effort to reduce the complexity of the banking set up. A review of wholly owned trading subsidiary'BPS Pain Business Ltd, was undertaken to understand the purpose and value of this entity. It was decided to close this entity and manage all trading through the BPS charity. The efficiency of VAT management has improved in 2025 with advice undertaken from VAT experts as needed. The Society will continue looking toward5 further prudent investment by spreading risk of funds across additional in5titution5 alongside streamlining financial operations. Membership numbers." Membership numbers are now slowly increasing with activities the BPS has Ljndertaken. A full membership review is ijnderw3V to en5vre the right modelling and benefits are in place. Secretoriut ond OperrJtiorJolSupport.' 2025 provided stability and continuity in secretariat staff, meaning that all ongoing activitie5 and operations have pro8re55ed. 5trotegy.' The formation of the BPS strategy had provided direction for all society activities to continue be mission-driven towards charitable objectives. Information Technology ¢7nd IkFtL7 Protection.. The Society has 3 web51te with a built-in database in operation. Data protection and securty systems are in place,. the data is backed up daily. Compliance with GDPR is assessed regularfy and procedure5 are in place to ensure that thi5 compliance is maintained. Health and Stsfety The board accepts formally and publicly its collective role in providing health and safety leadership in ils organisation. Each member of the board accept5 their individual rDle in providing health and safety leadership for their organisatlon. The board will ensure that all board decisions reflect it5 health and safety intentions, as articulated in the health and safety policy statement. The board rOgniseS its role in engaglng the active participalion of workers in iinproving health and safety. The board will ensure that it is kept informed of and alert to, relevant health and Safety risk management155ues. In view of the Health and Safety Commission recommendations, the board will appoint one of its number to be the "health and safety director" usually the President.
THE BRITISH PAIN SOCIETY REPORT OF THE DIREcfoRS AND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 In line with statutory reqLJirements. the Society has Public Liability Insurance, the levels of which are reassessed on a regular b351S. Involvement wlth other bodies The Society maintains active collaboration and representation with professional and regulatory bodies, including.. NICE (National Institute for Health and Care Excellence) guidelines, Interventional Procedures, and Health Technology Asse55ment5 NHS England GIRFt for Chronic Pain Association of Medical Research Charities IAMRCI Fatulty of Pain Medicine, Royal College of Anaestheti5ts Royal College of Nursing. Royal College of GP5, Royal Pharmaceutical Society, Physiotherapy Pain A550ciation, British Geriatric Society, American Acaderny of Pain Medicine and Canadian Pain Society (via Mousl Third sertor organisations who represent people living with pain.. PaSn Concern, Pain Association Scotland, Arthritis UK, Flippin, Pain, and Live well with Pain. Specialised Healthcare Alliance1SHCAI and Health Conditions in Schools Alliance Achievements and performance oveieW of the Society The British Pain Society 15 the largest multidisciplinary professional organisation in the field of pain in the United Kingdom. It comprises doctors, nurses, phy510therapist5, 5cient15ts. researchers, psychologists, occupational therapists and other healthcare professionals actively engaged in the diagnosi5 and management of pain and in pain research. As of 31 December 2025, there were 683 member5. The Society is the Britlsh Chapter of the International Association for the Study of Pain and is part of the European Federation of IASP Chapter5. Main achievemènts during the year During 2025 the Society continued to deliver a programme of professional education, research dissemination and collaboration activities designed to irnprove the understanding and management of pain. Key activities undertaken during the year included.. BPS Strutegv The BPS Council and Secretariat developed a strategy in 2025 to provide directiorl to the Society until 2030. This new strategy responds to the changing needs of people living with pain, the professionals who support them, and the systems that deliver care. It provides focus to Six kpy strategic areas.. o Multidisciplinary Collaboration.. Bringing together profe55ionals across disciplines to deliver inteErated, inclusive care. Education & Training.. Expanding learning opportunities for health and care professionals at all career stages. Research.. Leading inclusive, impartful research through a UK-wide National Pain Research Network.
THE BRITISH PAIN SOCIETY REPORT OF THE DIREOR5 AND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Quality Improvement.. Raising standard5 in pain services through d3t3-driven insights and shared best prattices. o Person-centred Approaches.. Empowering people living with pain and ensuring their voices shape everything we do. Support for Professionals.. AdvOting for the well-being, development. and recognition of those working in pain care. Strategic working groups have been set up and have started to roll out the next phase of work. Membership The 8PS introduced 3 "Retired from practice" membership category beginning as at the new membership year 01 November 2025 to capture the expertlse of long term member5 who may usually leave the Society. As part of the BPS Strategy, a membership working group began reviewing two key areas of BPS membership structure.. financial modelling and membership benefit. Society structure There have been a few key updates in the BPS 5tructures'. The BPS formed a Clinical Effectiveness Committee and changèd the remit of the Cofnfnunications Committee. The new remit of the Strategy and Communications Committee will focus on 0Ward- facing priorities such as campaigns, media. digital, and communication strategic updates and messaging to members and external stakeholders and the public,. The Clinical Effectiveness Committee will provide the necessary oversight for clinical guidelines, audits, and endorsements as well as SUPPOrting the Quality Improvement Strategic priority to ensure these vital functions receive the focused attention, expertise, and multidisciplinary leadership they require. The lease to the 8PS office came to an end and after review it was agreed to Set up B virtual registered office and mailing address. The BPS Secretariat work remotely and the archival materials have been moved to a storage unit. The BPS Council approved and recruited a co-opted fflember to council from the International Association for the Study of Pain IIASPI to ensure close collaboration. Society Meetings/events The BPS 58, Annual Scientific Meetingwas held between 3-6June 2025 atthe ICC Wales, in Newport. On 3, lune, education workshops took place on the following topics.. o Opioids in Clinical Practice. in conjunrtion with the Pain NLJrse Network IPNNI Unlock the Future of Pain Management with Lifestyle Medicine.. A Transformative Workshop for Clinicians, endorsed by the British S(xiety for Lifestyle Medicine Comprehensive Hands-on Workshop.. Ultrasound-Guided Neck and Shoulder Pain Management Held in conjunction with the BPS ASM. The Advanced Pain Discovery Platform IAPDPI Annudl Conference 2025 was successfully held on Tuesday 3, June 2025. Ajoint webinar in conjunction with the Association of Anaesthetists on "Post Surgical Pain what you need to know in 2025" was held in March 2025. These were in conjunction with new guideline5 released by the BPS. A webinar on 'Pain management essentials.. What's 'out there, in terms of education, support, resour5, and 'training' for people who are experiencing pain?~ w85 held in April 2025. A webinar on 'How can basic scientists, healthcare professionals and patients in the BPS work together for the advancement of pain care?~ was held In May 2025
THE BRITISH PAIN SOCIETY REPORT OF THE DIREcfoRS AND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 A webinar on"Pain research funding- opportunities & successe5 for health & care professionals" was held in October 2025. A webinar on ""Staying the course" engaging and retaining people with lived experience of pain in the CRIISP programme.. lessons for future research" was held in November 2025. Ajoint webinar in conjunction with the Women in NeLJroscience UK on "Women in Pain" was held in November 2025. The BPS attended the SPaRC/NRS Pain Network 15, Annual Scientific Meeting in Dundee in December 2025 The BPS attended the Association of Medical Research Charities Showcase day in Jankjary 2025 brinBing together the UK'S medical research charity sector to an audience of MPS and Peer5. Special Interest Group updates A steering group was set to form a Special Interest Group in Cancer-related Pain. The Global Pain Management SIG have been working with an 3CUte pain management and anae5thetic team from Ma13wi. Work is being undertaken to increase pain management teaching initially using E55ential Pain Management course to wider audiences. The society SIGS held regular webinars covering a wide variety of educational tOPlCS.' In january 2025 the Philosophy and Ethics SIG held a webinar -1$ chronic pain telling us Something important about society?" In February 2025 the Philosophy and Ethic5 SIG held a webinar "ClinScal Hypnosis Within Integrative Oncologw, In February 2025, the Pain Management Programme SIG held a webinar 'Neurodiversity 3nd persistent pain" In March 2025 the Philosophy and Ethics SIG held a webinar "The role of Patient Education in Recovery from Persistent Pain.. a Neuroscience Perspertive" In April 2025 the Philosophy and Ethics SIG held a webinar'music in Pain Management" In May 2025 the Philosophy and Ethics SIG held a webinar"Hypnosis and the experience of pain" In October 2025 the Philosophy and Ethics SIG held a webinar 'Where does it begin? Childhood experiences and adult pain" The Prim3ry and Community Care SIG held a webinar 'Pain and Long-covid Syndrome MSndfulness- Based lifestyle medicine for chronic conditions" in October 2025. In November 2025 the Philosophy and Ethics SIG held a webinar "Metaphor and Creativity in Pain Management" The Primary and Community Care SIG held a webinar'jntegrating supportive self-managernent into service5" in Nc)vember 2025. The society SIGS also held educational in-per50n event5.. The Acute Pain SIG organised the ASM education day, in conjunrtion with the Pain Nurse Network on "Prescribin8 in Practice" in June 2025 The Interventional Pain Management SIG organised the ASM education day, Comprehensive Hands- On Workshop. Ultrasound-GL5ided Neck and Shoulder Pain Management" in June 2025. The Philosophy & Ethics SotiÈty SIG held their Summer Retreat in person 29 June- 2 July 2025 with the topic "Women and Pain~. The Headache SIG helLI a one-day conference in November 2025.
THE BRITISH PAIN SOCI REPORT OF THE DIRECTORS AND TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2025 Society Publications/Resources The Society continues to provide it5 quarterly New51etter'Pain New5. free of charge to it5 members. This is a printed publication sent to members and a150 available online. The editor of Pain News changed in 2025 from the previou5 editor Dr Rajesh Munglani to a new editorial board spanning support and wider representation of the diversity of pain and its specialisms o Charles Crawford, Editor Deepak Ravindran. Deputy Editor and Anaesthesia o Martin Hey, A550Clate Editor.. Phy5iOtherapy and ex officio o Margaret Dunham, Associate Editor.. Nursing o Tim Atkin50n, A550C13te Editor.. EPCC o Patrick Hill, A550Clate Editor.. P5ychologv Graham Dunthorne, Associate Editor.. General Practice Elise Ajay, Early Career Researcher o Isabella Mugerwa, Early Career Medic o Natalia Strzelecka, MSC Psychology and lived experi@ncÈ The Society continues to provide online acce55 to its journal 'British journal of Pain, free of charge to its members. The journal ha5 an impact factor of 1.3120231 and 5 year impact factor of 1.8. There wa5 a 36.9Yo increase in manuscript submission, and 121,135 full-text downloads in 2024. The BPS actively supported the promotion of 'Pain Awareness, month in September 2025 on the website and all social media, plus weekly member emai15 Wlth links to appropriate resources. The 8P5 contributed to the updating and consultation of the Opioids Aware website with the FPM. Thi5 update has now been published. The BPS undertook a Pain Education scoping exercise to understand what pain education materials exist, how up to date they are, and if they catered to any accessibility needs. The first phase of this project was finalised in December 2025. A working group have been forming the Britlsh Pain Society Consensus Statement for the Management of Refractory Migraine Patients Having Failed Targeted Therapies and Pragmatic Recommendations to Improve Patient OLJtcomes. This should be published in 2026. In collaboration with the Faculty of Pan Medicine, the BPS is actively involved in the development of a credential for advanced practice through Health for England IHEEI. The Communications Committee reviewed several publications, which were approved for endorsement by the BPS such as the ENTRUST framework for measuring trustworthiness in pain research. The BPS contributes, support5 and promotes 'e-PAIN from e-Learning for Healthcare, which is a multidisciplinary programme based on the International socIation for the Study of Pain's recommended mtjltidisciplinary curriculum for healthcare professionals learning about pain management. e-PAIN is a collaboration between The Faculty af Pain Medicine, the British Pain Society and e-Learning for Healthcare. It is provided by Health Education England. The Society continues to run surveys in areas of interest across its membership to gather evidence to support project5 and activitie5. All the Society's publications and patient information leaflets are available to download free of charge from the web51te. The Society'5 Social media presence on X, Blue sky, Instagram. Facebook and Linkedin continue5 to grc>w. In 2025, the Society continued to respond to requests from media for comment, including but not limited to two Mediaplanet articles with pull-outs in the Guardian on Understanding the person with Chronic Pain in June and Pain managen)ent in older people the UK'S ageing population in September.
THE BRITISH PAIN SOCIErY REPORT OF THE DIRECTORS AND TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2025 We also created articles on Opioid Addiction for Training Matters and on Pain relief for the Which? magazine The Society endorsed the Pain Assessment in Learning dibilitY resource by the RCN. The BPS contributed to the following external working groups.. Pragmatic Pain with the FPM,. a modified Delphi exercise 'Recommended clinical practice for the iii-hospltal management of blunt chest W311 injury.. a multidisciplinary guideline from modified Delphi consensus IRIB-GUIDEI" GIRFT Expert reference group,. Guideline5 on Complex Regional Pain Syndrorne ICRPSI second edition,. Epidural injections Nerve Root Blocks (Transforaminal Epidural) forthe Management of Pain of Spinzl Origin in Adult5 Wlth the FPM, and an update on Surgery ar)d Opioids: Best Practice Guidelines with the FPM. SIG PublicatlOn5/Re50urces The Acute Pain SIG published a patient publication on Managing pain after surgery. Subsequently it ha5 been translated into several languages lincludinE German, Dutch, Greek. Portuguese, Australian English) and for use in Southern Africa. The Acute Pain SIG began work on a Managing Pain after Injury patient Information leaflet. The Acute Pain SIG continued to recruit to PANDOS Research group to improve pain management and perioperative opioid use after surgerv The BPS contributed to the development and update5 of numerous Patient Information Leaflet5 prepared by the Facijlty of Pain Medicine. The Society approved the application for an Affiliate SIG for the Pain Nurse Network. The BPS a5Si5ted in the creation of an animation of the 'managing pain after Surge leaflet IUCLH teaml which was subsequently endorsed. The Acute Pain SIG provided representation made to MHRA about licensing of MR opioids for acute pain. The Primary and Comrnunity Care SIG contributed to the Hidradenitis Suppurativa guideSines Awords and Honours The Clulow Award was open for applications in 2025. The Science 2nd Research Committee reviewed 11 grant applications, with each application receiving two formal external reviews. to agree on one awardee to receive the Clulow Award. The BPS awarded Honorary Membership to Dr Patrick Hill and Prof Sam Ahmedzal. The Medal of Distinction was Bwarded to Felicia Cox. At the Annual Scientific Meeting. the BPS Lecture and medal wa5 awarded to Dr lane Quinlan and the Patrick Wall Lecture and Medal to Prof Camilla Svensson. InformGtion forpeople offected by poin Member5 of the Expert Patient and Carer Committee are members of Council, SIG5 and Committees to provide the crucial lived experience support. The Society a150 continues to contribute and endorse patient information leaflets with other organisations. To improve veteran pain care. the BPS Veteran Champion is engaginE With.. the Chair of the Arrned forces Compensation Scheme IAFCSI Independent Medical Experts Group IIMEGI. the NHS Veterans Aware Programme. In August the Veterans Champion was able to introduce the National Service Lead of the NHS Veterans 'OP RESTORE . service to lead clinicians froin the Bath Centre for Pain Services IBCPSI arbd the regional OP COURAGE team. io
THE BRITISH PAIN SOCIErY REPORT OF THE DIRECTOR5 AND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Lived Experience Collective was relaunched to communicate with a wider group ol people living with pain and their carers. The aim is also to increase representation of the diversity of pain The LEC and EPPC members engaged in PPIE work in chronSc pain studies and projetts. The BP5 facilitates this ensègernent EPCC offered advice to the GAPPA initiative under IASP. EPCC began the update of the website related to people living with pain and resources available. These activities support the dissemination of knowledge, professional development and the sharing of best practi among healthcare professionals working in pain management. Difference made to beneficiaries The Society's beneficiaries include healthcare profe55iona15 working in pain management and, indirectlv, patients affected by acute and chronic pain as well as researchers in pain. Through educational meetings, publications and collaborative initiatives, the Society supports the development of professional knowledge and multidisciplinary working in pain management. This contributes to improvements in clinical practice and 5UPPOrts healthcare professionals in delivering better care for people living with pain, while also supporting researchers advancing the understanding and treatment of pain. Educational artivities also provide opportunitie5 for clinician5 and researchers to exchange knowledge and develop new approaches to understanding and managing pain conditions. Wider benefit to society The Society's work contribute5 to wider public benefit by supporting irnprovements in the understanding, diagnosis and treatment of pain. By promoting edLJcation, research and collaboration across healthcare disciplines, the Society help5 advance standards of pain management across the Uniled Kingdom and internationally. Public engagement activitie5 and pateTrt information resources also help increase awareness of pain 35 3 signifi'cant health issue and support individuals in understanding and managing long-term pain conditions. Financial position at the end of the year The trustees review the financial position of the Society on a regular basis. For the year ended 31 December 2025, the Society reported a net deficit of £76,27812Q24: £67,666). Total funds at the year-end amounted to £774,532. The principal source5 of income during the year were membership subscriptions, income from the Annual Scientific Meeting and otheF educational events, and educational grants and sponsorship. Expenditure was incurred primarily in delivering educational activities, publications, research support, governance and administrative functions necessary to 5UPPOrt the Society's objectives. Subsidiary undertaking The Society previously operated a wholly owned trading subsidiary, BPS Pain Business Ltd, which was established in September 2014 to undertake tradin8 activitie5 on behalf of the Society. During 2024 the trustees undertook a review of the purpose and value of this entity and decided to close the 5ub5idi3ry and manaEe trading attivities directly through the charity. The subsidiary ceased trading on 31 December 2024 and was dissolved on 24 February 2026. li
THE BRITISH PAIN SOCIErY REPORT OF THE DIRECTORS AND TRUSTEES FOR THEYEAR ENDED 310ECEMBER 2025 Reser¥es policy The trustees have considered the guidance issued by the Charity Commission regarding reserve5 and have established a reserves policy desiEned to ensure the financial sustainability of the Society. The trustees aim to maintaln unrestricted reserves equivalent to approximately £300,000 in order to provide financial stability and to ensure that the Society can continue to meet its commitments and operational costs in the event of an unexpetted reduction in income. Level of reserves held At 31 December 2025 the Society held total reserves of £774,532, comprising: Restricted fund5: £421,546 Oesignated funds.. £179,344 Unre5trirted funds.. £173.642 Free reserves available for the eeneral purpose5 of the Society amounted to £173.642. These reserves are held to ensure the continued delivery of the Societls charitable activities and to provide protection against potential fluctuations in income. Comparison with reserves policy The tru5tee5 have reviewed the level of reserves held in comparison with the re5erve5 policy. At the end of the reporting period, free reserves of £173,642 were below the target level set by the trustees. Th@ trustees will continue to monitor reserves to ensure that they remain appropriate in light of the Society's future plans and financial commitments. Designated funds Certa4n unrestricted funds have been ae5ignated by the trustees for specific purpose5. At 31 December 2025 these included funds designated for Special Interest Group activities and the Annual Scientific Meeting. The net Special Interest Group funds of £123.887 are designated to support the activities of those groups and will be used to fund educational meetings, webinar5 and other activities in future periods. Designated funds relating to the Annual Scientific Meeting of £55,457 will be used to support the delivery of future conferences and associated educational activities. Goln8 concern The trustees have a55e55ed the Society's financial position and future financial projettions and consider that the organisation has adequate resources to tontinue in operational existence for the foreseeable future. Accordin8ly, the trustees continue to adopt the golng concern basis in preparing the financial statements. At the date of approval ol these financial statements the trustees are not aware of aiiy material uncertainties that would cast Sl8nificant doubt Dn the Society's ability to continue as a going conorn. 12
THE BRITISH PAIN soaETY REPORT OF THE DIRECTORS ANDTRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2025 Plans for future periods The tTUStee5 have reviewed the Society's reserves and going concern position in planning forfutvre activitie5. The Society aims to continue delivering its charitable objectives in education, research, and awareness of pain management, while maintaining financial sustainability. These plans will be dellvered within the resources available, in line with the reserves policy, and in a manner consistent with the Society's assessment of its going concern position. Key plans for 2026 and beyond inclijde.. The Society will continue to rely on the active involvement of volunteers across SIGS, committee5, and WDrking groups to deliver its planned activities and achieve its objectives. Finèlise KPIS related to strategic priorities and operational plans. Roll out KPIS to all Society activities ConsensLJS Statements and guidelines.. Publish the interdisciplinary consensus statement on migraine management, supported by a grant from Pfizer. The publication of a professional leaflet and patient information leaflet on Neuromodulation for the non-specialist. National awarene55 catnpaigns.. Continue to raise the profile of pain through public campaign5 and outreach activities. Annual Scientific Meeting IA5MI.' Deliver the 2026 ASM as an in-person event, with pre-ASM education days Webinars and educational events.. Expand the range of webinar5 3nd SIG-led educational activities. Publicatlon5 and patlent resources.. Review and update key publications, Education platform development.. Continue developing a platform for healthcare professionals with an interest in pain to 3cce55 training, resources, and professional development OPPOTtunities. The BPS Council approved the BPS launching a themed year in 2026 running from September to September. Thi5 will highlight the BPS activities in line with the chosen theme. 'Innovation, artificial intelligence and technology, will be the theme for 202612027 The Neuropathic Pain SIG will hold an education day in February 2026. The S(xiety will set up a Societal Impact of Pain Plarform The Society will continue to explore opportunities for financial diversification. Sustalnabllity The trustees recognise the importance of environmental. social, and governance IESGI matters and have considered how the Society can operate 5U5tainably in these areas. Environrnental sustainability The Society actively seeks to minimise its environmental irllpact by.. Using electronic communications, meetings, and webinars to reduce travel and pririting. Ensuring that Society publications and educational resources are available online to reduce paper usage. Managing office and Secretariat operations virtually and in a resource-efficient manner. Social su5tainabllity The Society contributes to social 51J5tainability by.. Promoting education and training ln pain management for healthcare professionals across the UK. Supporting patients and carers through public-facing resources and the Expert Patient and Carer Committee. Encouraging volunteer participation in SIGS. committees, and SocSety events. 13
THE BRITISH PAIN SOCIETY REPORT OF THE DIRECTORS ANDTRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Governance and stakeholder engagement The Society maintains strong governance Standards. as outlined in the Structure, Governance and Management section, and considers the needs of stakeholder5 when planning activities and allocating resources. Thi5 includes.. Engagement with members via surveys and consultations. Collaboration v4ith professional bodies, patient groups, and other charities. Monltorbng and mitigating risks related to financial, operational, and strategic matters. Statement as to the disclosure of information to the independent examiner So far as the director5 are aware, there is no relevant information of which the company'5 independent examiner are ur)aware, and each director has taken all the step5 that they ought to have taken as a director to make themselves aware of any relevant information and to estsblish that the company's independent examiner are aware of that information. Statement of director5, responsibilities Company law requires the dlrector5 to prepare financial statements for each financial year which gives a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company during that period. In preparing those financial Statements the directors are required to.. Select suitable accounting policies and then apply them consistentlv. Observe the method5 and principles in the Charities SORP. liiil Make judgements and estimates that are reasonable and prudent. livl State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare financial 5t3tements on a 8oing concern basis unle55 It is inappropriate to presume that the company will continue in business. Ivl The directors are responsible for keeping proper accounting record5 which disclose with reasonable accuracv at any time the financial position of the charitable company and to enable them to ensure that thè financial statement5 comply with the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Account5 (Scotlandl Regulations 2006 las amendedl. 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. In preparing this report the director5 have taken advantage of special provisions of the Companies Att 2006 relating to small companies. Signed.. Dated.. Dr Neil Co an (Honorary Trea5urerl 14
THE BRITISH PAIN SOCIETY INDEPENDENTEXAMINER'S REPORTTOTHE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2025 I report to the charity Trustees on my eXaminatOn of the accounts of the company for the year ended 31 December 2025, which are set out on pages 16 to 28. Responsibilltles and basi5 of report As the charity Trustees of the company land also its Directors for the purpts5es of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 ACVI. Having satlsfied myself that the accounts of the tompany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respert of my examination of vour companws accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examinerfs 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 that in any material respect.. Accounting records were not kept in respect of the company a5 required by section 386 of the 2006 Act,. or The accounts do not accord with those records; or The accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other than any requirement that the account5 give a 'true and fair view, which is not a matter considered as part of an independent examination,. or The accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prattice for accounting and reporting by charities (applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COnrn$ and have come across no other matters in connection with the examination to which attention shoijld be drzwn in this report in order to enable a pioper understanding of the accounts to be reached, Signed.. M. M J Cridland BA IHonsl FCA Scott Vevers Ltd Chartered Accountants & Registered Auditors 65 East Street Bridport Dorset DT6 3L8 Dated.. 15
THE BRITISH PAIN SOCIETY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {including consolidated income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Funds Funds Total 2025 Total 2024 Notes Income from.. Donations and legacies 137,610 137,610 111,630 Income from charitable activities 68,359 68,359 33,939 Incomefrom other troding (7Ctivities Commercial trading operations 30,300 Investment income-interest received 17,734 17,734 17,828 Total Income 223,703 223,703 193,697 Expenditure on: Roising Funds Commercial trading operation5 2,487 2,487 4,581 Charitable activities 294,434 3,(kn0 297,494 256,782 Total Expenditure 296,921 3,(60 299,981 261,363 Net incomellexpenditurel for the year (73,218) (3,060) (76,278) (67,6661 Gross transfers between funds 16 Net movement in funds (73,218) 13,060) 176,2781 167,6661 Recon¢illatlon of funds.. Total Funds at l January 2025 426,204 424,606 850,810 918,476 Total Funds at 31 December 2025 16 352,986 421,546 774,532 850,810 All amounts derive from continuing attivities. All gains and losses recognised in the period are included in the statement of financi31 activities. The note5 on pages 19 to 28 form part of these financial statements 16
Company Registration Number.. 5021381 (England Wales) THE BRITISH PAIN SOCIETY BALANCE SHEETS ASAT 31 DECEMBER 2025 Consolidated 2025 2024 Charity Note 2025 2024 Fixed assets Tangible assets Investments 12 13 1,181 1,181 1,181 1,182 Current assets Debtors Cash at bank and in hand 14 28,818 831,200 4,606 960,521 28,818 831,168 14,168 948,498 Total ¢urrent assets 860,018 965,127 859,986 962,666 Creditors: amounts falling due wlthln one year 15 (85,4861 (115,498) (84,067) {114,1381 Net Current assets 774,532 849,629 775,919 848,528 Net assets 774,532 850,810 775,919 849,710 Funds of the charity Restricted iricome funds 16 421,546 424,606 421,546 424,606 Unrestricted incomefunds.. Designated fund5 General funds 179.344 173,642 352,986 202,887 223,317 426,204 179,344 175,029 354,373 202,887 222,217 425,104 Total charity funds 774,532 850,810 775,919 849,710 The Directors have prepared group acc04Jnts in accordance with section 398 of the Companies Act 2006, the Charities Act 2011 and sertion 44 of the Charities and Trustee Investment (Scotlandl Act 2005. These accounts are prepared in accordance with the special provision5 of Part 15 of the Companies Act relating to small companies. For the financial year in question, the company is entitled to exemption from audit under Settion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of it5 financial statement5 for the year in question in accordance with Section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Art 2006 with respect to accounting record5 and the preparation of accounts. The financial statements were approved by the Directors on Signed on theSr behalf by Dr N Collighan rary Treasurer The notes on pages 19 to 28 form part of these financial statements 17
THE BRITISH PAIN SOCIETY STATEMENT OF CASH FLOWS AND CONSOLIOATED STATÉMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 Consolidated 2025 2024 Charitv Note 2025 2024 Net cash flow from operating activities 19 1147,0551 1120.7121 1135.0641 155.0291 Cash flow from Investlng activltl*s Interest received 17,734 17,828 17.734 17,828 Net cash flow trom Investlng a¢tlvltles 17,734 17,828 17,734 17,828 Net tncrea5e/ldecTeasel in cash and cash equivalents 1129,3211 1102,8841 1117,3301 137,2011 Cash and cash equivalents at l January 2025 960,521 1,063,405 948,498 985,699 Cash and cash equivalents at 31 Detèmber 2025 831,200 960,521 831,168 948,498 The notes on pages 19 to 28 form part of these financial statements 18
THE BRITISH PAIN SOCIETY NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l General information The Charity is a company limited by guarantee incorporated in England and Wales under the Companies Act 2006 and Charities Act 2011. The address of the registered office is provided in legal and administrative detai15. Details of the Charity's operations are provided In the Report of the Director5. The liability in respect of the guarantee is limited to £1 per member of the Charity. 2 Accountlt)g pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. al Basls of preparatlon The financial 5tatement5 have been prepared in accordance with 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 IFRS1021 Icharities SORP IFRS 10211, the Charities Act 2011, settion 44 of the Charitie5 and Trustee lllvestment Iscotlandl Act 2005 and the Companies Act 2CKJ6. The British Pain Society meets thÈ definition of 3 public benefit entity under FRS 102. A55ets and liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relevant policy note. bl Actountin8 convention The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these f1nancial statements. The budgeted income and expenditure is sufficient with the level of reserve5 for the Charity to be able to continue 35 a goin8 cl Ba515 of consolldatlon The financial statements consolidate the results of the Charity and its wholly owned subsidiary BPS Pain Business Ltd on a line by line basis. The accounting year ends are coterminous. The parent Charity has taken advantage of section 408 of the Companies Act 2006 not to include an individual income and expenditure of its results. dl Income All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income. it is probable the income will be received and the amount can be quantified with reasonable accuracv. Membership subscription periods commence on 1st November each year and therefore the recognition of subscription inctsme received in advance is deferred. Interest on funds held on deposit Is included when receivable and the amount can be measured reliably bv the Charity. el Donated servlces and facilitie5 Donated professional services and donated facilities are recognised as income when the Charity has control over the item, any condition5 associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance wlth the Charities 50RP IFRS 1021, general volunteer time is not recognised. Information on the contribution of Directors is Éiven in the annual report. On receipt, donated professional services and donated facilities are reco8nised on the basis cf the value of the gift to the Charity which is the amoL*nt the Chèrity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of 19
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2 Accounting policie5 Icontrnuedl fl Expenditure Expenditure is accounted for on an accrua15 ba515 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the sE of resources. Grants offered subject to condition5 which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 81 Fund accountin8 Unrestricted funds a available to spend on activities that further any purposes of the Charity. Designated fund5 are unrestricted funds of the Charity which the Trustees have decided at their discretion to set aside tts use for a specific purpose. Restricted funds are donations which the donor ha5 specified are to be solely used for particular areas of the Society's work or for specific projects being undertaken by the Society. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. h) Tangible fixed assets Tangible fixed a55ets are stated at cost less depreciation. Assets tosting less than £SW are written off in the vear of purchase. Depreciation is provided at the following annual rates in order to wrrfte off each asset over its estimated tjseful life as follow5.. Office Equipment- 5 years straight line Fixture5 and Fittings- 5 years strai8ht line il Operating lea5e5 Rental char8e5 pay3ble under operating leases are charged on a straight line basi5 over the terms of the lease. jl Financial instrument5 Cltsssifictstion Financial assets and financial liabilities are recognised when the Charlty becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instrument5 are cla55ified according tts the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the asset5 of the Charity after deducting all of its liabilities. Recognition ond measurement All financial assets and liabilities are initially measured at transaction price (including transaction cost51, except for those financial asset5 cla55ified as at fair value through profit orloss, which are initially rneasured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transactions. If an arrangement constitutes a finanting transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for similar debt instruments. Financial asset5 and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amount5 and the Charity intends either to settle on a net basis, or to realise the a55et and Settle the liability simultaneously. Financial assets are derecognised when and only when al the cc>ntr3ctual rights to the cash flows from the financial asset expire or are settled, bl the Chbrity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or cl the Charity, despite having retained Some, but not all. significant risks and reward5 of ownership, has tTansferred control of the asset to another partv. Financial liabilities are defecognised only when the obligation specified in the contract is discharged, cancelled or expires. 20
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310EC£MBER 2025 Financial performance of the Charity A summary performance of the Charity excluding the results of it5 wholly owned subsidiary is.. 2025 2024 Incoming resources Income from subsidiary company paid under licence Donation of profits under gift aid 223,703 163,397 12,020 13,699 189,116 256,782 (67,666) 223,703 297,494 {73,7911 Expenditure on charitable Bttivities Net expenditure Income from donations and lègacles Restricted Unrestricted 2025 2024 Donations Grants Subscriptions 19,184 7,200 111,226 137,610 19,184 7,200 111,226 137,610 2,604 109,026 111,630 Income trom tharitable artivities Restricted Unrestricted 2025 2024 Meetin8 Income SIGS Other income including royalties 12,952 40,035 15,372 68,359 12,952 40,035 15,372 68,359 16,680 17,259 33,939 6 Other trading activities- BPS Pain Busines5 Ltd 2025 2024 Income gènerated by BPS Pain Business Ltd 30,300 BPS Pain Business Ltd (registered in England and Wales. company no. 92200781 is the Charity's wholly owned subsidiary. It operated the trade exhibition at thè annual scientific meetin& and other trading activities, under licence from the Charity. The company ceased trading on 31 December 2024. The results of the company for the year were a5 follows:_ 2025 2024 Turnover Cost of sales and administration costs Cost5 recharged by thp Charity under licence Profit Donatlon under Eift aid to The British Pain Society Retained In subsidiary A88regate assets 1 Iliabilitiesl 30,3(XI {2,177) (14,424) 13,699 113,699} (2,4871 12,4871 12,4871 11,3861 I,ioi 21
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025 7 Expenditure on charitable artivities Restricted Unrestricted 2025 2024 Dirett cost5 Support costs Governance costs 3.060 128,759 158,805 6,870 294,434 131.819 158,805 6,870 297,494 201,432 49,265 6,085 256,782 3,060 Restrlcted Unrestrlcted 2025 2024 Direct costs.. Research grant5 ASM costs Other meeting costs Newsletter and Journal 3,060 3,060 57,829 23,614 47,316 131,819 57,829 23,614 47,316 128,759 37,342 126,880 37,210 201,432 3,060 Support costs.. Property Costs Office costs Computer system and software In5UTance Depreciation L055 on disposal of assets Legal and profèssional fee5 19,182 137,464 102 24 19,182 137,464 102 24 24,097 16,561 1,143 466 295 403 6.300 49,265 1,181 1,181 852 158,805 852 158,805 Governonce costs.. Council expenses Induction and training of Tru5tee5 Independent examination Annual report 4,485 4.485 3.716 60 2,295 14 6,085 2,385 2,385 6,870 6,870 Net income/lexpendlturel for the year This is stated after charging: 2025 2024 Depreciation Operating lease payments Independent Examiner's remuneration.. Accountancy services Independent Examination Fees 1,181 14,952 295 15,000 1,410 975 1,355 940 22
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 9 Grants The attached annual report details the grants offered by the Charity. The Clulow Award.. The award is awarded bi-annually lup to a maximum of £50,000), and is paid in four instalments at agreed milestones. The first three instalments will be paid at 30% of the total invoice from the receiving institution. The first instalment will be transferred following receipt of the signed grant value and the fourth at IO%, each against an aw3rd letter. The second and third instalment5 will be paid on receipt and approval by The British Pain Society of two progres5 reports to be Submitted at 12 and 18 months from the date of receipt of grant ward letter. A final instalment of IO% will be paid upon receipt of the study final report. Patrick Wall International Meetings Bursarv.. The Society has made fund5 available to assist scientists, clinical or allied health practitioners at the early stages of their career in pain research who require financial assistance to present their work at overseas scientific meetin85, Other than the British Pain SocietV'5 Annual Scientific Meeting and the IASP World Congress Iseparate bursaries are available for these two meetingsl. The Pfizer grant.. The grant was received to support a project intended to promote interdisciplinary working in the assessment and treatment of migraine. The aim is to Ic>ok 3t ways to improve treatment for people suffering with migraine by providing timely access to specialists to have a diagnosis and a personalised management plan which could be implemented through other prlmary and secondary care services, Annual Scientific Meeting IASMI.. During the year this event was wholly outsourced to Kenes International Organizers of Congresses SA. A sumrnary performance of the annual conference.. 2025 2024 Incomlng resources Expenditure incurred Net income / lexpenditurel 244,?95 241,992 2,803 262,791 268,284 (5,493) The Society also had direct Annual Scientiflc Meeting activity in the year which is summarised on note 16. 10 Analysls of staff costs and council expenses No Charity trustee received a salary, benefits or any other payment for services supplied to the Charity12024: 6 Trustees were reimbursed expenses, including those of attending the ASM during the year of £2,17212024.. 6 Trustees £2,436). The total cost of running the council excluding ASM costs was as follows.. 2025 2024 Meeting- Room Hire / Catering Meetin8- Travelling Meeting- Hotels 1,757 2,635 93 964 2,752 4,485 3,716 23
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11 Corporation tax The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 12 Tartgible fixed assets IGroup and Charity) OffSce Equipment Flxtures & Fittin85 Total Cost". As at I january 2025 Di5P05als As at 31 December 2025 1,796 {1,7961 1,493 11,493) 3,289 {3,289} Depreciation.. As at I january 2025 Charge for the year Disposals A5 at 31 December 2025 1,104 692 (1,796) 1,004 489 (1,4931 2,108 1,181 (3,2891 Net book value: As at 31 December 2025 As at 31 December 2024 692 489 1,181 13 Fimed asset Investment Group ChaTitv 2025 2024 2025 2024 Wholly owned subsidiary BPS Pain Business Ltd.. l ordinary share of £1 BPS Pain Business Ltd ceased trading on 31 December 2024 and the company was dissolved on 24 February 2026. 14 Debtors Group Charity 2025 2024 2025 2024 Operational invoices Amounts owed by 8roup undertakin¥s Prepayments and accrued income Other debtors 14,400 14,400 9,562 3,982 624 12,401 2,017 3,982 624 12,401 2,017 28,818 28,818 4,606 14,168 24
THE BRITISH PAIN SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 15 Creditors.. amounts falling due wlthln one year Group Charity 2025 2024 2025 2024 Trade creditors Subscriptions advanced payment5 Taxation and VAT Other creditors Accruals for grants payable Aecruals 1,125 66,418 3,724 554 9,710 3,955 85,486 1,798 83,942 5,380 234 19,855 4,289 115,498 1,125 66,418 3,724 554 9,710 2,536 84,067 1,798 83,942 5,380 234 19,855 2,929 114,138 16 Analysls of charitable fund5 Net Incomè Balance 01.01.25 31.12.25 Income Empènditure Transfers 2025 Restricted funds Clulow legacy Grants PLC Seminar 116,744 307,028 834 116,744 303,968 834 (3,060) {3,0601 (3,060) (3,0601 424,606 421,546 Deslgnated funds SIGS ASM 40,035 12,952 (18,701) (57,829) (76,530) 21,334 (44,8771 123,543) 102,553 100,334 202,887 123,887 55,457 179,344 52,987 General fund 170,716 (217,904) 223,703 (297,494) {47,1881 {73,791) 222,217 175,029 Total funds of the Charity 849,710 775,919 8PS Pain Business Ltd 12,487) 1299,9811 (2,487) 176,2781 I,ioo 8SO,810 11,387) 774,532 Total funds 223,703 25
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 16 Anulysi5 of charitablelunds fcontln¢th*J Alet income Balance 01.01.24 31.12.24 Income Expenditure Tronsfers 2024 Restri¢tedAunds Clulow legocy Grunts PLCSeminur 116,744 307,028 834 116 744 307,028 &14 424,606 424,605 Designotedfunds SIGS Map of Medicine Pothways ASM 16,680 (11,633J 5,047 97,506 7,774 137,676 242,956 102,553 (7,774) (37,342) (48,975) 137,342) (32,295) 100,334 202,887 16,680 (7,774) GenerJlfund Totalfvnds of the Choriry 146,717 (207,807} 163,397 (256 782} (61,090) (93,385) 33,493 249,814 917,376 222,217 849,710 BPS Poin Business Ltd 30,3( (4,581) 193,697 1261,363? 25,719 [67,666) (25,719) J,100 918,476 2,100 850,810 Totalfunds Details of restrlcted funds Clulow Legocy A legacy wa5 received from Mildred 8 3nd Elaine Clulow for 'Basic research into the causes and cures for Grunt5 In 200812009 grants were recewed from industry to support the development of a Primary Care initiative to produce a range of Gp/primary care resources. In 2022 a grant was received from Pfizer to 5UPPOrt a project intended to promote interdisciplinary working In the assessment ènd treatment of Migraine. The workin@ group have been forming the British Pain Society Con5en5us Staternent for the Management of Refractory Migraine Patients Having Failed Tar8eted Therapies and Pragmatic Recommendations to Improve Patient Outcomes. This should be published in 2026. PLC Seminor In 2016 a restricted grant for the work of the Patient Liaison Committee was received. In agreement with the funder, thè grant was agreed to be used to support the provision of an annual 'Professor Sir Michael Bond Lecture, aimed at topics relevant to people living with pain. Deto11s of designated funds SIGS The Directors have set aside the accumulation of surpluses from meetings over Several years to be spent on the work of individual special interest groups as detailed in the annual report. In 2020 the Society introduced nominal membership fee for its SIGS. The membership fees are designated for the individual special interest groups. ASM The Designated ASM Funds are accumulation of surpluses from meetings over several years and are to be spent on education and research. 26
THE BRITISH PAIN SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17 Analysis of net asset5 between fund5 Con501idated General Designated Unrestricted Restricted Total Total 2025 Flxed assets Current assets Creditors.. amounts falling due within one year 249,418 179,344 428,762 431,256 860,018 175,7761 (75,7761 (9,710) 185,486) Net assets 173,642 179,344 352,986 421,546 774,532 2024 Fixed ossets Current assets Creditors.. (3mountsfJlling due within one year 1,181 317,779 1,181 520,666 202,887 444,461 965,127 195,643) 195643) (19,855) 1115,498J Net Q55ets 223,317 202,887 426,204 424,606 850,810 Charity 2025 Fixed as5et5 Current assets Creditors.. amounts falling due within one year 249,386 179,344 428,730 431,256 859,986 174,357) 174,357) 19,7101 184,0671 Net assets L75,029 179,34 354,373 421,546 775,919 2024 Fixed ossets Current ossets Creditor5.' umountsfolling due within one year 1,182 315,318 1,182 518205 1,182 962.666 202,887 444.461 [94,283) [94,283) [19,855) (114,138) Net ossets 222,217 202,887 425,104 424,606 849,710 18 Gross obligations under operating leasinB aBreements As at 31 December 2025 the group had future minimum lease commitments as follows.. 2025 2024 Not later than l year Later than l year and not later than S years 15,000 15,000 27
THE BRITISH PAIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2025 19 Reconciliation of net movement in funds to net cash flow from operatin8 activitie5 Group Charity 2025 2024 2025 2024 Net movement in funds Add back.. depreciation charge Add back.. loss on disposal Add back.. loss on disposal of fixed asset investment Interest received Decrea5ellincreasel in debtors Increaselldecreasel in creditors Net cash used in operating activities (76,278} 1,181 (67,666) 295 403 (73,791) 1,181 {67,6661 295 4[13 (17,7341 (17,828) (17,734) (24,2121 10,659 (14,650) (30,012) (46,5751 (30,071) {147,0551 (120,7121 {135,064) 117,8281 75,119 {45,3521 155,0291 20 Finanual instruments Categorisation of financial instruments Group Charity 2025 2024 2025 2024 Financial asset5 that are debt instrument measured at amortised cost 847,617 961,145 847,585 958,684 Financial liabilities measured at amortised cost 85,486 115,498 84,067 114,138 Items of Income, expense, gains or losses The total interest income for finantial assets not measured at fair value through profit or Ioss 15 £17,734 12024.. £17,828). 28