REGISTERED COMPANY NUMBER: 05017662 (England and Wales) REGISTERED CHARITY NUMBER: 1106320
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
(A COMPANY LIMITED BY GUARANTEE)
Elsby & Co (Sywell) Ltd Chartered Accountants 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Contents of the Financial Statements for the year ended 31 DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 to 9 |
| Cash Flow Statement | 10 |
| Notes to the Cash Flow Statement | 11 |
| Notes to the Financial Statements | 12 to 18 |
| Detailed Statement of Financial Activities | 19 to 20 |
THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Report of the Trustees
for the year ended 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the company, as set out in the Memorandum of Association as amended by Special Resolution, are to advance education and awareness in liver disease and disorder, by the provision or the facilitation of research directed towards the development and evaluation of treatment of such disease and disorders. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the association's aims and objectives and in planning future activities.
The Trustees carry out these objects by:
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Having educational meetings for medical professionals to attend to further their knowledge and advance education, awareness and research into liver disease.
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Supporting special interest groups to further education of specific areas of liver disease.
To assess success in the reporting period, BASL aims to maintain and increase membership, provide educational events; predominantly the Annual Scientific Meeting. Success is also assessed based on sufficient funds being maintained to allow these activities to take place.
Contribution
The contribution of each member is limited to £1 in the event of a dissolution of the Company.
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Report of the Trustees
for the year ended 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities
BASL Annual Meeting (incorporating the annual BTLG and BLNA meeting)
The 2024 BASL Annual meeting was held at the Harrogate Convention Centre and proved to be a great success providing interaction and learning opportunities. There were 639 delegates across all three meetings which made an excellent surplus. The Sheila Sherlock prize went to Dr Wenhao Li and Dr Felicity Williams received the Andrew Burroughs Young Investigator award.
BASL Schools
BASL Schools are small group meetings provided free of charge to trainee members in Gastroenterology and Hepatology that deliver structured education and interaction with experts in the field. These help the charity to meet its objectives by committing to improving clinical education and training for tomorrow's Hepatology Consultants, Trainees interested in transplantation and anaesthesia.
These were held as 6 interactive Webinars and one face to face meeting. These proved to be a great success and feedback was excellent.
BASL Xtra
This is an online educational conference and was the second one to be held. This a multi-professional, topic focused educational online event. Attendance and surplus were excellent.
BASL Introduction to Hepatology Day
The meeting was held in London. This was deemed to be a great success and provided a surplus.
BVHG Meetings
No meetings were held for BVHG in 2024.
BASL Basic Science Retreat
This was held in London and made a small surplus. The Foundation for Liver Research organised the event on behalf of BASL. This was very popular and well attended.
Special Interest Groups
BASL provides ongoing administrative support to a number of established Special Interest Groups (SIGs) whose remit is to promote and encourage collaborative research and clinical trials in liver disease.
HCC-UK Annual Meeting
This was held at the Clare College Cambridge. This was very well attended and made a small deficit.
CCA-UK Annual Meeting
This was held at Hallam Conference Centre and made an excellent surplus. Changes are being made for future years to increase attendance.
BAAL
A meeting was not held in 2024.
BHPG Educational Meeting
One meeting was held in November in 2024 and made an excellent surplus.
BASL MDT Educational Webinars
Two webinars were held in 2024, making a small surplus. Three more are planned for 2025.
Secretariat
Secretariat services were provided by Executive Business Support Ltd.
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Report of the Trustees for the year ended 31 DECEMBER 2024
FINANCIAL REVIEW
Financial position
Detailed finance reports are produced for the Trustees for every governing board meeting. The Trustees aim to achieve a surplus or breakeven for every educational meeting. The results for the year are shown on page 6. The Trustees aim to hold sufficient reserves to support key meetings in the event of potential shortfalls in income. The membership and subscriptions database has been updated and clarified and the charity currently has 1,629 (2023: 1,624) active members. The BASL website continued to provide a good platform for providing news and information as well as serving as an interactive communications and an education hub for members.
The charity managed to achieve income of £647,239 (2023: £533,539) during the year.
Cash reserves have increased to £334,084 (2023: £261,210) due to the charity continuing to hold some events on a virtual basis as well as face to face. This is mainly due to increased sponsorship income from Pharmaceutical companies.Of these cash reserves, £22,377 is held in restricted funds (2023: £22,377).
To ensure a balanced picture of the charity's progress against its objectives, sufficient funds are maintained to allow the desired educational events held to continue to take place. The Trustees believe that the charity has sufficient reserves to continue and hopes to achieve a greater surplus in 2025 with the aim of continuing to hold events on a face to face basis, as well as some on a virtual basis.
The key performance indicators to explain outputs achieved by activities are the level and numbers of members increasing, as well as maintaining delegate members at educational events. On both of these indicators, the charity has performed well in the year.
Reserves policy
Reserves are needed as sponsorship by Pharmaceutical Companies of educational events, which are one of the key objectives of BASL, can drop suddenly depending on the current focus of the Pharmaceutical Companies. As stated in the Articles of Association: The Association will aim to retain sufficient capital funds in reserve to permit it to conduct its activities as defined by the Governing Board for a period of two years in the absence of any income over this period.
At the balance sheet date, the charity had free reserves of £319,313 (2023: £195,256). Of these reserves, £22,377 is held in restricted funds (2023: £23,377) and £296,936 is held in unrestricted funds (2023: £172,878).
The charity always hopes to retain reserves in unrestricted funds to cover 24 months operational costs. At the end of the accounting period, free reserves had increased but continue to remain below the 24 month target. However, the charity anticipates that free reserves will continue to grow over the coming years and will return to former levels. The Trustees are confident that the charity retains sufficient funds to continue operating and furthering its charitable purpose.
FUTURE DEVELOPMENTS
The Trustees aim to continue to provide educational meetings and other member benefits in accordance with the objectives of the Charity. The experience of the pandemic has resulted in the ability to run meetings on a virtual basis to ensure events still take place, making meetings accessible to members and meaning external risk factors are more manageable.
The Governing Board commenced discussions and plans for a new upgraded website providing increased functionality, reporting and member experience for 2025. The final decision was to be made at a Governing Board meeting following the annual meeting, which would give an indication of the financial position for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Report of the Trustees for the year ended 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
Newly elected Trustees attend quarterly meetings with the Chairperson and the governing board to observe the provision of services to members. They are also given guidance which include an outline of their role and a handover from the outgoing Trustee.
The charity makes decisions through its governing board. Policies and procedures for induction and training of Trustees is supported by the current and outgoing Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05017662 (England and Wales)
Registered Charity number
1106320
Registered office
St Chad's Road Lichfield Staffordshire WS13 6TJ
Trustees
Dr T J S Cross Consultant Hepatologist Dr T J Kendall Senior Clinical Fellow In Pathology Dr I A C Rowe University Clinical Academic Fellow Dr V Snowdon Consultant Hepatologist Ms M B Clayton Lecturer In Liver Care Professor M E Cramp Consultant Hepatologist Dr A M Elsharkawy Consultant Hepatologist Professor R Mookerjee Professor of Translational Hepatology Dr M Allison Consultant Hepatologist Dr S Chokshi Acting Director & Chief Scientific Offic Dr O A A Elshaarawy Professor P Kennedy Consultant Hepatologist and Gastroentero Mr J A Richard Doctor Dr L Vine Consultant Hepatologist (appointed 1.11.24) Dr V Patel Consultant Hepatologist (appointed 1.11.24) Dr D Joshi Transplant Hepatologist&HPB Endoscopist (appointed 1.11.24)
Independent Examiner
Carl Elsby ACA Elsby & Co (Sywell) Ltd Chartered Accountants 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
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THE 8RmSH ASSOCIATION FOR THE STUDY OF HE LIV Re ort of the Trustees ear ended 31 DECEMBER 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2Q)6 relating to small companies. Approved by order of the board of trustees on . and signed on its behalf by: Elsharkawy - Trustee Page S
Independent Examiner's Report to the Trustees of The British Association for the Study of the Liver
Independent examiner's report to the trustees of The British Association for the Study of the Liver ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Carl Elsby ACA
Elsby & Co (Sywell) Ltd Chartered Accountants 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
Date: .............................................15/07/2025
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THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Statement of Financial Activities
for the year ended 31 DECEMBER 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Membership subscriptions 3 110,935 Conference fees & sponsorship income 4 528,508 Interest receivable 5 3,029 Legacies and donations 4,767 Total 647,239 EXPENDITURE ON Conference costs Direct conference costs 6 310,283 Other associated conference costs 7 207,794 518,077 Other 5,105 Total 523,182 NET INCOME 124,057 RECONCILIATION OF FUNDS Total funds brought forward 172,879 TOTAL FUNDS CARRIED FORWARD 296,936 |
Restricted funds £ - - - - - - - - - - - 22,377 22,377 |
2024 Total funds £ 110,935 528,508 3,029 4,767 647,239 310,283 207,794 518,077 5,105 523,182 124,057 195,256 319,313 |
2023 Total funds £ 116,383 413,049 4,107 - 533,539 287,534 189,113 476,647 9,014 485,661 47,878 147,378 195,256 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Balance Sheet
31 DECEMBER 2024
| Unrestricted funds Notes £ FIXED ASSETS Investments 12 1 CURRENT ASSETS Debtors: amounts falling due within one year 13 53,331 Cash at bank 311,707 365,038 CREDITORS Amounts falling due within one year 14 (39,796) NET CURRENT ASSETS 325,242 TOTAL ASSETS LESS CURRENT LIABILITIES 325,243 CREDITORS Amounts falling due after more than one year 15 (28,307) NET ASSETS 296,936 FUNDS 16 Unrestricted funds: General fund Restricted funds: BASL nurses fund CCA UK Neil Blenkinsop donation for research only TOTAL FUNDS |
Restricted funds £ - - 22,377 22,377 - 22,377 22,377 - 22,377 |
2024 Total funds £ 1 53,331 334,084 387,415 (39,796) 347,619 347,620 (28,307) 319,313 296,936 6,627 15,750 22,377 319,313 |
2023 Total funds £ 1 40,753 261,210 301,963 (69,926) 232,037 232,038 (36,782) 195,256 172,879 6,627 15,750 22,377 195,256 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
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THE BRMSH ASSOCIATION FOR THE STUDY OF HE UVE Balance Sheet- continued 31 DECEMBE The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. {bl These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companie5 regime. The financial statements were approved by the Board of Trustees and authorised for issue ..3fv.rnL..1. L•L.f.. and were signed on its behalf bv: on Dr harkawy - Trustee The notes form part of these financial statements Page 9
THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Cash Flow Statement
| for the year ended 31 DECEMBER Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
for the year ended 31 DECEMBER | 2024 2024 £ 69,845 69,845 3,029 3,029 72,874 261,210 334,084 |
2023 £ 50,366 50,366 4,107 4,107 54,473 206,737 261,210 |
|---|---|---|---|
The notes form part of these financial statements
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Cash Flow Statement
for the year ended 31 DECEMBER 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Increase in debtors (Decrease)/increase in creditors Net cash provided by operations |
2024 £ 124,057 (3,029) (12,578) (38,605) 69,845 |
2023 £ 47,878 (4,107) (22,860) 29,455 50,366 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash | At 1.1.24 Cash flow At 31.12.24 £ £ £ |
|---|---|
| Cash at bank | 261,210 72,874 334,084 |
| 261,210 72,874 334,084 |
|
| Total | 261,210 72,874 334,084 |
The notes form part of these financial statements
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Financial Statements
for the year ended 31 DECEMBER 2024
1. ACCOUNTING POLICIES
General information
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Executive Business Support, Davidson Road, Lichfield, Staffordshire, England, WS14 9DZ.
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The presentational currency of BASL is considered to be pounds sterling and the financial statements are rounded to the nearest pound.
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income received for a specific restricted purpose is credited to a separate restricted fund which is shown in a note to the financial statements. Total incoming resources credited to restricted funds are disclosed on the statement of financial activities which also shows incoming resources in respect of unrestricted funds.
Conference income represents fees and sponsorship received in respect of conference's organised in pursuit of the company's charitable objectives.
Income associated with conferences of future accounting periods is treated as deferred income.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Resources expended are included in the statement of financial activities on an accrual basis exclusive of VAT. All irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The activities of the charity are exempt from Corporation Tax under Section 505 of the Income and Corporation Taxes Act 1988 to the extent that they are applied to the organisation's charitable objects.
Fund accounting
Unrestricted funds are donations and other incoming resources received or generated for the general charitable purposes of the charity.
Within unrestricted funds are designated funds. The nature of each of the designated funds is referred to within the report of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
Debtors and creditors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised int he financial statements.
In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
3. MEMBERSHIP SUBSCRIPTIONS
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|---|---|---|
|2024|2023|
|£|£|
|Grants|-|12,729|
|Subscriptions|110,935|103,654|
|110,935|116,383|
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Grants receivable are credited to the Statement of Financial Activities (SOFA) in the year for the year for which they are received. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received.
4. CONFERENCE FEES & SPONSORSHIP INCOME
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|---|---|---|
|2024|2023|
|£|£|
|Conference income|528,508|413,049|
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continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024
5. INTEREST RECEIVABLE
| Interest receivable 6. DIRECT CONFERENCE COSTS Annual conference costs Support to Non-BASL activities 7. OTHER ASSOCIATED CONFERENCE COSTS Travel & hotels Artwork/design & print CPD application Bank charges Website Secretarial support costs EBS Costs Partial exemption input VAT 8. SUPPORT COSTS Other resources expended 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Accountancy fees |
2024 2023 £ £ 3,029 4,107 2024 2023 £ £ 291,183 274,284 19,100 13,250 310,283 287,534 2024 2023 £ £ 2,950 12,511 230 4,216 - 956 5,251 5,282 6,489 4,408 7,918 8,044 186,865 170,635 (1,909) (16,939) 207,794 189,113 Governance costs £ 5,105 2024 2023 £ £ 5,105 5,012 |
|---|---|
continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Financial Statements - continued for the year ended 31 DECEMBER 2024
10. TRUSTEES' REMUNERATION AND BENEFITS
No trustees received any remuneration during the current or prior year.
Trustees' expenses
Travel and speaker expenses totalling £635.29 (2023; £525.36) were reimbursed to 2 (2023; 4) trustees during the year.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Membership subscriptions 116,383 Conference fees & sponsorship income 413,049 Interest receivable 4,107 Total 533,539 EXPENDITURE ON Conference costs Direct conference costs 287,534 Other associated conference costs 189,113 476,647 Other 9,014 Total 485,661 NET INCOME 47,878 RECONCILIATION OF FUNDS Total funds brought forward 125,001 TOTAL FUNDS CARRIED FORWARD 172,879 |
Restricted funds £ - - - - - - - - - - 22,377 22,377 |
Total funds £ 116,383 413,049 4,107 533,539 287,534 189,113 476,647 9,014 485,661 47,878 147,378 195,256 |
|---|---|---|
continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024
12. FIXED ASSET INVESTMENTS
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|---|---|
|Unlisted|
|investments|
|£|
|MARKET VALUE|
|At 1 January 2024 and 31 December 2024|1|
|NET BOOK VALUE|
|At 31 December 2024|1|
|At 31 December 2023|1|
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There were no investment assets outside the UK.
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|---|---|---|
|13.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|2024|2023|
|£|£|
|Trade debtors|16,285|32,418|
|VAT|3,606|-|
|Prepayments|33,440|8,335|
|53,331|40,753|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|Deferred income|
|2024|2023|
|£|£|
|Deferred income at 1 January 2024|23,780|23,000|
|Resources deferred during the year|5,820|23.780|
|Amounts released from prior year|(23,780)|(23,000)|
|Deferred income at 31 December 2024|5,820|23,000|
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Deferred income relates to income received in the year specifically relating to performance conditions to be met in the following year.
continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bursary Fund - support for members to attend meetings BLNA restricted fund |
2024 £ 15,828 12,479 28,307 |
2023 £ 24,303 12,479 36,782 |
|---|---|---|
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds BASL nurses fund CCA UK Neil Blenkinsop donation for research only TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.1.24 £ 172,879 6,627 15,750 22,377 195,256 Incoming resources £ 647,239 647,239 |
Net movement At in funds 31.12.24 £ £ 124,057 296,936 - 6,627 - 15,750 - 22,377 124,057 319,313 Resources Movement expended in funds £ £ (523,182) 124,057 (523,182) 124,057 |
|---|---|---|
continued...
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.23 £ Unrestricted funds General fund 125,001 Restricted funds BASL nurses fund 6,627 CCA UK Neil Blenkinsop donation for research only 15,750 22,377 TOTAL FUNDS 147,378 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 533,539 TOTAL FUNDS 533,539 |
Net movement At in funds 31.12.23 £ £ 47,878 172,879 - 6,627 - 15,750 - 22,377 47,878 195,256 Resources Movement expended in funds £ £ (485,661) 47,878 (485,661) 47,878 |
|---|---|
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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THE BRITISH ASSOCIATION FOR THE STUDY OF THE LIVER
Detailed Statement of Financial Activities
| for the year ended 31 DECEMBER 2024 INCOME AND ENDOWMENTS Membership subscriptions Grants Subscriptions Conference fees & sponsorship income Conference income Interest receivable Interest receivable Legacies and donations Legacy donations Donations Total incoming resources EXPENDITURE Direct conference costs Annual conference costs Support to Non-BASL activities Other associated conference costs Travel & hotels Artwork/design & print CPD application Bank charges Website Secretarial support costs EBS Costs Partial exemption input VAT Support costs Governance costs Accountancy fees Carried forward |
2024 £ - 110,935 110,935 528,508 3,029 500 4,267 4,767 647,239 291,183 19,100 310,283 2,950 230 - 5,251 6,489 7,918 186,865 (1,909) 207,794 5,105 5,105 |
2023 £ 12,729 103,654 116,383 413,049 4,107 - - - 533,539 274,284 13,250 287,534 12,511 4,216 956 5,282 4,408 8,044 170,635 (16,939) 189,113 5,012 5,012 |
|---|---|---|
This page does not form part of the statutory financial statements
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THE BRITISH ASSOCIATION FOR THE STUDY OF
THE LIVER
Detailed Statement of Financial Activities
for the year ended 31 DECEMBER 2024
| Governance costs Brought forward Other legal and professional Total resources expended Net income |
2024 £ 5,105 - 5,105 523,182 124,057 |
2023 £ 5,012 4,002 9,014 485,661 47,878 |
|---|---|---|
This page does not form part of the statutory financial statements
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