Digitally Signed Document Document ID.. C7698BC15E43B7 Document Details -ilen#me: ?023 Co House acts.PDF Client of: Thomas Barri¢ & Co Signature Details Ka Schol¢fi¢ld karen.b¥rtholom¢wC(b¢hi.nhs.uk Date & Tlme: 3010912024 09=43=00 AM IBST) I P .Addrcsts: X6.177.I.168 A P A G B l Limii¢d ¢onfim)s (hat th¢ infomiaiion is correct and complete lo the best of their knowledge and belief. Slgnlng Si*temenl: Digital Ccrtificate Th¢ approv¢d PDF fil¢ ha5 been digitally r¢rtifi¢d.Pl¢a5¢ Eheck th¢ Digital C¢rtifirat¢ information in yollr PDF view'er 10 verify the Di¥iial Ceniflcaie autheThiiciiy and ihe PDF has noi been iampered M'iih. n behalf of: Thomas Barrie & Co PDF digital certificate: IRIS Software Group Limited l)i%ital certificate issued bi-: Globalsign Please keep a copy of thi5 docutnent for your records.
REGISTERED COMPANIY NL'IIBER= 05933974 (England Il'xle$l REGISTERED CHARITY NLMBER: 1128113 REPORT OF THF. TRUSTEF.S YAUDITED FLNKNCIAL.STATENIEliTS FOR THE YEAR ENDED IDE EMBER 211 FOR
APA B I LIMITED COPiTEN'lS OF 'fHE FI),INCI,IL s'r,i'l'E1£TS tQLihc)car ¢lldcd 31 DECL.IIBER2023 P> Report of the Trusttes Independent Examltttr's Report Stglement of FlnDclal AttltleS Blance Sheet Notes to the Finantial Statements
APA TERED B I LIlITED (REGIL_-- %tBER: 974 REPORT OFTHE TRLSTEES for the 'ear ended 31 DECE_IIBER 2023 The tru5ttts who are also directors of ihe charity for the of the Companie5 Act 2(. present their report with thL financial SLqicJncnis of the eharity for the year ended 31 December 2023. The thlsices have adopied the provisions of Accounting and R¢poning by ChaTilies'. Stai¢rn¢nl of Recomynended Pt3crice applicable lo charities preparing theiT account5 in accordance with ihe Financial RertIng SwidaTd applicable in the UK and Republic of ITeland IFRS 1021 leftcctive l January 20191. OBJEcfIvES AND ACTIVITIES Objective5 and airN5 As r our goNerning documen¢ the main PUFF of the chariry is ro further the study of ihe science and Practice of paLsdiatrie anaesihesia, and the projw leaching thereof. aryl towar(ts this end.. Organi5e regular scieniifLC meeting5. Promoic ongjnal research in paediatric anaesihesia and etoUr8g¢ its presenttii¢M). Providc adl¢L 10 oihcT PTof¢ssiortJl b(xl1ts Jthd JnrLsi¢d maii¢rs perfaining 10 palatriC anae51hesia. En¢oiirag¢ national and ini¢rnaiional links with lik¢-mit¥kd groups. Coll¢¢i and disscminat¢ infom)aiior) rwding pacdiotyi¢ onacsth¢sia. In shaping our objectives for the year and planning our aaivities. the mises have considered the Charity Coinmission'5 guidan¢c on publi¢ b¢nefii. SIRnlfi¢#nt *cilfvliles WL hild IhL 50th AnniveNry Amiual Sci¢niifJc meding IASMI in London in May 2023. previously delaycd due io the Coi'id-11) pandLmic and subwucni rc%iriciion¥. This aitraaed a rccoTd 486 payinbv delcbaic% includinb 17 from oihcT countries and recciv¢d very posiiivc f¢¢dback. W¢ again provitkd a p8r¢ni and baby facility for thc second tim¢. ThL fuLLlS. as Li%ual. upoTh education. the sharing Of80 prdciice and the presentsiioTh ofTeseaTch, and much of Ihc cunteni is a¢ee&sibl¢ to members after ihe ¢v¢ni. We havL Lonlinued lo sUprt Ihe developmeni of paiicni infonnaiion rcwurces. in conjunciion 1th Ihc Royal Collcsrc of AnaL%ihLti%l%. The online eomie of 'DLnnis ihe Mcnace has an AnaL'sth1c- and underbtOL% a ion%illLLlI)Iny. in onjunrlion wiih Ihc Ileano. which was launchcd in 202? has b¢cn awardcd a 5IKC131 comm¢ndalioii in lh¢ BMA palieni infornialion uwards 2U23. Thcrc ha5 tKcn a furthcr small cxIcl0 of proj( "Thc A-Tcain Lhallcngcs" aiid a Tcward Lhart lo hLIp LhildrLn and their familiLS PTeparL. foT.suryery. During the ycar the various sub ¢ommitte¢5 have ¢Onlinu¢d to Work to improve educational material. develop guidclinc5 ror bLIIILr paiient care and the Chariiy has also been able 10 advise other bodies aboui paedialric anaesihesia when r¢4u¢bl¢d. We have continued io support a small nrnr ofTe8ional ed110[] forums. trainee prizes atMI educaiional initiatives. Grantrnaking We havL' fllnd% available for making resedrch grants and coniinue io panicipale in the NIAA rounds. Two projecls were onsid¢r¢d but the d¢ci5ion wa5 rnade rK)l ¢0 fund ¢iih¢r ill ¢h¢ current foThi. Three irdvel ntS of £51M) each were made in supp)rt of invited SkerS io preseni WO overseas. Volunteer5 The Charity bertefit% greatly from the involvement and enthtssiastic of its many wolte. In accordantt with FRS 102 and the Charities SORP IFRS 1021. the econotnic contribution of general volunleer5 is not recogllised in the accounts. Page I
APA TERED B I LIlITED (REGIL_-- %tBER: 974 REPORT OFTHE TRLSTEES for the 'ear ended 31 DECE_IIBER 2023 ACHIEI'EMENT.4P4D PERFOR.MANCE The Charjty has held a SUCLLssful and i¥LII allended 50th At)t)ua] Scientifjc Meeting in Lotjdon in May. This was in ollaboration with coll¢ague5 from SPANZA. the kni¢ty foi Paediavic ATwesthe5ia of New Zealand aDd Australia. The meeting attracted 486 delegate5 and receii'ed N'ery rM>sitii'e feediKick. The Charity also held a Successful Virtual cducaiional and ncnvorking LinkrSOn mcciing in Noiemkn. hleh aS al wcll attcnded and rLYeivcd very p)siiivc feedback. The Chanly cortlinues io develop new educatiort&l maieritil for paediatTiL artaestheiisis to impTove the education of trainee dociors for revalidaiion for consultsnts and for Ihe sharing of go(MJ pracrice. Some of the projects which werL dL'layed by ihc pandemie have ¢ revived and are ongoing. The CTharity eonrinues to contribute collective expert opinion when sollghi by thi. NHS. RCOA and other orgathisaiions. FINANCIAL RE.[w inarhciY41 position The Chanty's main sollrt¢ of income is memrShip subscri]xions from its mcmlxts which this year IOLill¢d £8O.344 12022 - £82,576) Iwsed on membwship muobets of1.05312022- 1.0771. EducLi1ional prizes werL' awardLd 10 train¢¢s IOLqlling £950. An ¢du¢aiion21 grani of £1,800 was made io support a memblr 10 crtrol irt a BSLM physicijn diploma - Cor¢ A¢¢r¢dil¥lion io Lifcstyl¢ M¢di¢ine, Brilish So¢iLty of Lif¢siyl¢ Medicine. £1,500 w&q S01 on irJvLI grani$ sup] ihrcc mcmlxrs enga in and prcscni ai the &xicty of Pediatric Anelith¢5ia 37th Annual Meeting in San Frdncisco irb OClr. Th¢rL' W&4 £4.379 sÉKni providing m¢dal$ for Jockson R¢¢$ Swkcts at)d h)t)orary m¢mb¢rs', Ihis irKludcs buying ah¢ad lor a ILW yeiirs. Charitabl¢ donaiions wcr¢ madc in May lh¢ Louis Du¢hhs C¢nty¢ & Nov¢mb¢r 10 UNICEF. walling £4.000. Wc continue 10 5ubsCritr lo ihe Journal ofpediairic Anaesihesia a Mem[shiP tKinefEI which costs £lO.000. A SMAII numb¢r of regional mectings r¢¢cived SUprt again in the year. Reserves polley li 1.4 thi Trii.41ii% lIcY to opcrd¢c al a surplus cach ycar. whcrcvcr SSIble. and usc isC TescTVCS to rnakc wants or donJtion% dpproved by the Council. Ai the year eNI the Chariry held £508249 in unresiricd funds. FUTURE PLANS Cioinb fvrward th¢ Charity has suc¢tssfully r¢v¢rted 10 holding physiul Annual Sei¢ntLfic M¢eiing$ sgain. as fOr¢ th¢ C-ovid pandcmic.. thc ncxl 111 bc Ihc 5151 Annual Mceling in N¢'caStIC Lwli Tync in May 2U24. 10 hic17 wc will havc invited %akeTh from thL Paediairic Anaesihe%ia Communiiy of South Africa. PACSA aiiending. The usual reduced rate for dll member% dnd early b(M)kers will dpply. and ihe recenily ininmluced inilldiive of free regi%traiion for dll delegdie% applying frotn counlrics defined as non-high income orKMIeS will conlinue. in addition lo a newly Introduc category to cncouragc opcraling dcpartmcnl practilioners lo attcnd. Therc arc venucs orsanikij for the ncxt fivc ycar5 frojn department% iniere%ied in hosting from throughoui the UK 2nd Iland. The Charity intends to upgrade the current website and a150 replace the existing member engag¢m¢nt system. Two companies have recenily been enwdged to deliver this work. atkr knderin& The Charity ha5 also engaged a new trofe5sional conf¢retKe Tri5¢r to run the 2025 ASM which will be hosted in Edinburgh. Support for regional rneetings. ether physical or virtuaj will conlitiut. a5 will provision of trainee prizes and educational grants for paedialric life suppon eours¢s. STRUCTURE, GOI'ERNANCE AND 31ANAGEMEi¥r Govtrnith¥ d¢itument The charity is COlllroll¢d by its goTrerning dUMen( a deed of trusL and cotLsiibJte5 a limit&l company, limited by guarantee, as defined by the COM[%]eS Aci 21M)6. Page 2
APA TERED B I LIlITED (REGIL_-- %tBER: 974 REPORT OFTHE TRLSTEES for the 'ear ended 31 DECE_IIBER 2023 STRucfuRE, GOVERNANCE AND MANAGEMENr Recruitment and appointment of nejv trustees EIcLicd DirLciors ITnisiccs1 w'ill bc elLted by ballot and dJ"recioJ% of APAGBI. All bar the Trdinec Member shall be elected from the Full Membets Hortordry Membets of APACJBI. The Trairt¢e Member will be ele¢ied from amongst ihe Trdintts Mernbers of APAGBI. The Council will elLCi a PrL'sidenL a Secretary athd a TreWr, these will IK, knO.n as "SpeLial OfficL Holders" The PSident F.l¢ct, lrnm¢dial¢ Past Pre5id¢ni. Immediate Pam Secretsry and Immedi&e Past Tr&gSUTer shall also be Special Office Ilolders. Special Otrice Ilolders shall also be Directors of APAGBI. If an Elected DiT¢Ctor i5 apwinted a Special Office Holder. he Shall cease to be an Elected Director, but TainS a Director of ihe C'ornpany and an election for a Teplacemeni Elec*d Director will be held in accordance with Article 9.6 ot'ihe Articles ot'Associaiioo. Or%Anls9tlonal structure Thl boiird ol. Iru%lLLs io¥iihei with c(w)ied members and a lay person fomi the ¢oun¢il of the Chariry. The members of the council meet quart¢Tly and have Te5ponsibiliry for all straiegic decisions of the chariry. Induction Y4nd trsllnlng of new trustees APAGIII run regular charity governance workshops. to which. all Cour17 members ITrusteesl. are Invi1. These are aiicndld and whln Dccessary. REFF.RFNCE AD ADMIliISTRATIVE DETAI[ Re%lslered C'ompxn). number 03933974 (England and Wales) Reglstered Chgrlt>' number Rexlslered offl¢f 21 Portl4iiid PlaLL L()nd()n WIH IPY Truste Dr Q. tiildcrslcvc Past Prcsidcnl Irc5igncd 26.5.23) Dr M Thomas Past Pre%ideni Dr S P Courtmart Prcsid¢ni Dr K M Scholcficld Prc5idcnt El1 Dr KC Ach42ibar Train& Mcmbcr Ircsigncd 26.5.23 Dr J M Stdn%field Hom¢ Memb¢r I11¢ 24.5.23) Dr R N R¢ddy Tasure[ Dr N 5oiindararnjan Trustcc Dr L J Hllldti SeL'retary Dr S Grccnaway Tru5te¢ lappointd 12.6.23) Dr N Taylor Trustce lappoinlcd 24.5.23 Dr C L Rilcy Trusice lapp)inicd 74.5.23} Dr S Kanani Trustee lappoirtl¢d 24.5.23) CompaTh>' St¢rrtAry DrSKDas Page 3
APA TERED B I LIlITED (REGIL_-- %tBER: 974 REPORT OFTHE TRLSTEES for the 'ear ended 31 DECE_IIBER 2023 REFERENCE AD ADmIlsT1L4TTr'E DETAIiS Independent Exarniner Thomas BarriL & Co LLP Ailanli¢ House la Cadogan Street Glasgow G2 6QE Approved by order of the FKHrd of trustces OTh 27 Septemr 2024 and S1cd OTh its FKhalf by.. Dr K M Schol¢fLeld- TTuslee Page 4
IliDEPENDENT EXAhqlYER'8 REPORT TO THE TR .4 P.4G B I LIIIITED TEE Independent examiner's report lo the truslees of A P A G B l Limited {'the Companv'l I report io the charity tnisiees ort my examination ocihe accowjts ofthc Company for ihe year e]ed 31 December 2023. Responsibiliiies 9nd bAsis of report A5 the charity'5 mistee5 of the Cornpany land a150 its directi)rs for the pu4)05es of company la.) you aTe r¢SnsIbl¢ foT the preparation of ihe accounts in accordance with ihe reqU¢ents of the Companies Act 20061'the 21kn Act,). Having saiisfied myself thai the accounts of the Comparty are not tequited io be audiied under Part 16 of ihe 2006 Act and are eligible for ind¢p¢nd¢ni examinaiion. I repon in res of my examinarion of your charity'5 accounts as Caled out linder Sccrion 145 of Ihe Charities Aci 2011 I'thc 2011 Aci'l. In carrying oui my examination I have followed rhe DirLtionS given by thL' Charity Commi&sion S¢aion 145(51 Ibl orth¢ 2011 Act. Indepetldent exgmlner's stgtement SinLe your chJTily'% income exc¢th £250.¢XMI your ¢KarNir must k a member of a listed Ix)dy. I can coiifin thai l am qualified lo undertak¢ the exarninaiion because l arn a member of the InstLiUte of CharteTed Accounthnts of S¢otland, which is on¢ ot'ih¢ ILSt¢d Ixxlics. I have completed my examination. I confirn ihal no matters have come ro my attention in c4>nnection with the ¢xaminLg1ion giving m¥ ¢aus¢ 10 b¢liev¢'. accounting Tecords were noi kept in re¥Kct of the Company a5 required by Seciion 386 of ihe 21X)6 Act: or thL accounts do noi accord wilh those reeords: or IhL a¢¢ounts do noi comply with th¢ ac¢ouniir)g wquir¢mcDts of Scciion 396 of Ihc 2006 A¢1 oihcr Ihan any TLyuirLmLnl Ihal the accounLS giv¢ a In and fair view which is noi a mai*r coii%idcTcd il% part of ali indLpLiidLiit eKaminaiiun', or IhL a¢counts have noi pw)r¢d it) occordan¢¢ with th¢ mdhcKls and principles of Ihc SLqi¢menr of R¥LvmmLndiYJ PrailiLL for acLounlin¥ ar)d re11¥ by ¢harilits lappliLablL w chariliLy prLying th¥iT aLLouni% in accordance with Ihc FinarKial RerA)rtin8 StsrKlard arvlicable in the UK ar Republic ofireland IFRS 10211. I have nu ¢unLcm% and have comc across nts oiher mailers in ¢omic¢iion with the ¢xaminaiion 10 which aiicniion should bL drawn in this Tew)rt iTh onkr 10 eThablc a Pror undcrsthndin8 ofihc accounts. Teachcd. Martin tircig BA C'A The Insiituie ofchanered Accountants ofscthland Thorna5 Barric & Co LLP Ailaniic House la Cadogan Street Glasgo. G2 6QE 29 S¢pt¢mb¢T 2024 Page 5
APA B I LIMITED ST.TEIENT OF FIN.4NCI.4L Acfii'iTIES lor the 'ear ended 31 DECE_IIBER 2023 2023 Unrestricted ttd 2022 Toral funds Not¢s INCOME AND ENDOWMENTS FRO1 Dortaliorts and legacies 343,708 160,166 Oiher irddin8 aeiivilies InVL1M¢ftt in¢om¢ 15 6,226 465 Totfil 350,084 160,631 EXPED[TURE ON Raisingi funds 229.383 113,898 Chlritable attivitie5 Research 20.107 14,312 Other 43.723 42,867 Total 293.213 171,077 Nci Bain(lo$s¢S) oth invesiments 18,9761 NET INCOfvIEI{FXPF.NDITUREI 57.715 119.4221 RFC()ryCII.IA TI()N ()Tr FUNDS Tol4i1 lundb brvii&Thi liirw'li rd 450.534 469,956 TOTAL FUNDS CARRIED FORM'ARD 508.249 450.534 The notfs foTtn part of th¢5¢ financial tst¢Tn¢nts Pa8e 6
APA B I LIlITED TERED %IBER= 974 BAL.4NCE SHEET 31 DECEIIBER 2023 2023 Unrestricted ttd 2022 Toral funds Not¢s FIXED ASSETS Invesimertls I[,749 CURRENT ASSETS DebioT5 Cash at bank 35.464 476.664 720 363,014 512.128 363,734 CREDITORS Amounts falling due within one year 13.8791 117.9491 NET CURRENT ASSETS 508.249 345,785 TOTAL ASSETS LESSCLRRENT I,IARII.ITITr.S 508.249 450.534 NET ASSETS 508.249 450,534 FUNDS UnrL4lriLicd funds 10 508,249 450.534 TOTAI. FUNDS 50X,249 450,534 The ¢hariiabl¢ ¢omJyJny is ¢n¢iiled io exempiion from audii Se¢iion 477 of lh¢ Companies A¢1 2006 for ¢he year cndcd 31 Dcccmbcr 2023. The m¢mb¢rs have rtol r¢quir¢d th¢ ¢omp3ny io obtain an audit of its financial stst¢ments for the year end¢d 31 DcccmtKr 2023 in accordancc with Scction 476 of thc Lompanics Act 2(. The trusi¢¢s arknowledg¢ th¢ir r¢srK)nsibiliti¢s for lal cn5uring ihal Ihc charilablc comtmny key accounting TOrdS that comply with Sections 3¥6 and 37 of the Coinpanics Act 2(K16 and preparin¥ finaneidl %LLiemenis which ve a blLe and fair view of the state of affaiTh of the chariiahle Company as at th¢ end of e3rh financial ar and of its Sury)I or Ikfirit for each fiDancial y¢aT in accordance with the rcquiremcnls of Scctions 394 and 395 and which oihcrwisc CpIY wilh Ihc rcquircmcnts of thc compani Act 2006 relating tts financial %taiemenL%. lo far&% applicable io the Lharithble company. Ibl Thes¢ financial staternents have been Preparcd in accordance with the provisions applicable to ChL¢able companies subjccl lo Ihc small companies rcgim¢. The financial statements wer¢ approv by the Board of Trusttts a[ authorised for issue on 27 September 2024 and werc sigllcd on its bchalf by.. K M ScholefJ¢ld- Trustee The notfs foTtn part of th¢5¢ financial tst¢Tn¢nts Pa8e 7
APA B I LIMITED NOTES TO THE FI).4JCI.4L STATEIIENTS lor the 'ear ended 31 DECE.IIBER 2023 ACCOUNTlTriG POLICIES Basl5 of preparing the financial Statements The linanLial SlLItLmcnts of thc charitsblL comp3ny. which is a public t£nefii eniiry under FRS 102, have been PTe[rtd in a¢¢otdartce with the Chatilies SORP IFRS 1021 A¢¢ounling and Reporting by Chatiiies". Stsiemeni of Recornmended Praciice applicable io chaTiiies preparing their accounts in accordance with the Financial Rcponin8 SiandlL rd applicable in the UK and Republic of Irciand IFRS 102} letyeaiie l January 20191,, Financial Reporting SLqndard 102 The Fitwieial Rew)rting Stsrtdllrd applicable Jn ihe UK and Republic of Ireland. and Ihe Cornpanics Act 21K)6. The financial 5uiements haie been Prepared under the hisroTical cost convention, w'ith the exception of invesmi¢nts w'hich are included ai market value. as [nlfIed by the revaluatioii of certain assets. The PT¢5entational and fvnctional Currency of the financia] stam¢nts is Pounds Sterling 1£) The chariLqbl¢ compatty has taken advantage of the following disclosurc exemption in prep8ring ihesc financial siatLmLnts. as [M]lILd by FRS 102 Th¢ Fithath¢ial R¢p)rting Standard appli¢abl¢ irt th¢ UK and Republic of ITeland': th¢ Tequirements of Seclion 7 Ststhent of Cash Flow5. Colng concern Aller reIewing the chariry's forecasts and projeeiions. the irusiees have a Teasonable cxpectaiion ihal the cliarily ha4 JdLqiiai¢ resourccs io ¢ODiinu¢ in 0ratIonal exisicD¢¢ for thc foJrsctrabl¢ fulurc. Th¢ charity Ihcr¢lorL' conlinues to adopt ihe going concern basis in prcparing its financial $thm¢nts. Crlile#l c¢ouniln%Jud%tmtni$ and kev Sore¢S Of es¢5nbitlon uneertlnty In prLparing Ihc%L finaneial stsicmenis. Ihc In[eeS are Tequired io make jud8cmenL%. es1imaie% and a%%uinpiiun% thai atTcci th¢ application of the Charity's a¢¢ouniing lICieS and th¢ rcp)rt¢d amounL% of as%eL%, liabiliiie%. inLomi und K[L%¢1. Arlual r¢wlis may ditT¢r from thc5¢ clmates. Fslin)alts and un(krlyir)g assumptions arc TL'V)LWLd on an on¥uin¥ b&sis. Revisions 10 esiimaies are reco8llisL¥I prOsLi1ve1y. There orc no signifi¢ani judgemcnts or e$iimAie$ used in the PT¢paraiion of these acCnts. Flxed issft Ini'e51men15 Invc5tmLnts arc mcasurcd at fair valuc with change5 in fair valuc rcc¢)gni5ed in PTofil or loss. Income InLÉ)me 1.% recognid when ihe chariry has eniiilemeni io the fULS. any [OrnIaCe conditions attached to Ihe ii¢mlil of in¢om¢ hav¢ been meL it is prd)abl¢ that th¢ itKom¢ will be r¢¢eiv¢(L and the amount ¢an be m¢a5ur¢ rcliably. Income Irorti 5ub5CriPtions recogni5 in the peri to which they relate. D¢le¥al¢ Inrotne in fflation to the attendance at the Annual ki¢ntifir M¢¢ting 15 COgnISed in th¢ riod in which the meeting 15 held. Grant5 Granis are recognised when the charity ha5 been notified in ritIng of iK>th the amount and settlement date. Gntiis arc dcfcrrcd if temis or cotmliiions musi bc mei bcforc thc charity has enritlcmcni to Ihc rcsourccs. Expenditure Liabilitie% are reeognised as expenditure as s(x)n as there Is a legal or tOnSblLeiive obligaiion commiiting the harity to that expdItI][¢. It 15 probabl¢ that a tsan5fer of ¢ronotnic b¢n¢fits will r¢quir¢d in s¢ttI¢Tn¢nt and the amount of the obligaiion can be measured r¢liably. Exrtndiwre is accounred for on an accruals basis and ha5 beert classified under headirtgs thai aggreeaie &ll cosi relat 10 the caiegory. Ilffiere costs cannoi be direcily atthbul¢d to particular headings th¢y hai'¢ ir¢n all(Kad to activities on a bas'15 n5]Stent with th¢ Ub¢ of re50urc¢s. Page 8
APA B I LIMITED NOTES TO THE FI)AICI.4L STATEIIENTS- continued lor the 'ear ended 31 DECE_IIBER 2023 ACCOUNTlTriG POLICIES- continued Expenditure Cirdnts Gran15 offered subject to conditions which have not Tnet at year tr date are noted as a comrnitment but noi accnied &s exrondirllre. Taxation ThL Lhaniy is exempt from corp)rdtithi its charitsble ¥tiviiies. Fund Attoutttlng UnresinLied fun(t% can be uged in a¢[[¢¢ with the ¢harithble objttiives ai the di$¢]00 ofthe trusiees. R¢siri¢ied fimds cat) only us¢d for particular rL%tri¢i¢d purw within obj¢¢ts of th¢ ¢h8riry. R¢siri¢iions arise when specified by ihe when fimds are rniseij forparticulat JYStyicd PUryM)ses. Flnnelal Insirumenls ThL Lharity ha5 fInCIal as5els and financvdl liabililtes of a kIj that qualify as basic financial in5tTument5. Shurt leTm debtor% are measured ai iTanlI0 price. less any impainnent. Ci14h and c&sh equivalcthis comprise cath baknrKes. Short Icmi ¢radc ¢rcdiiors arc mcasurcd at Ihc trarwciion price. Provl$lon$ PToviiioll5 d¢rmIn¢d by di5counling ihc ¢Kcl¢d fulurc cash flows al a Prc-X raic Ihal rcllccls CUTrLni mdrket aslemenL% of ihe lime valu¢ (Trf mon¢y and th¢ risks srKiifii io th¢ liability. Th¢ unwinding of lh¢ di5rouni is rc¢ogni5¢d as finan¢c cost. OTHF.R TRADING Acri.iT1F.s 2023 2022 Sponsorships 150 INvEsTlENT INCOME 2023 2022 Oth¢T fixed a55¢1 Inv¢51- FIT Dcposit accouni intercst 354 5,¥72 156 309 6226 4()5 Page 9
APA B I LIMITED NOTES TO THE FI)AICI.4L STATEIIENTS- continued lor the 'ear ended 31 DECE_IIBER 2023 RAISINC FUNDS Investrnent manageTNent Costs 2023 2022 Portfolio rnanagernent 79 163 TRUSTEES, REMUNEIL4TIOPi AND BEfiEFITS Th¢Te were no tru5ttt5' reTnun¢rni]L or other benefits for the year end 31 tkr¢mbeT 2023 nor for the year ended 31 December 2022. I'rustee5 expense5 2023 2022 Truslccs, cxpense5 14.051 7.974 During the year, trustees received reimbursemenl of for travel and aceomm(Mlation costs where appropriate. In #ddilion, Ihc Charity received £1.203 in memkrship subscripiions frtsm its Trustees. COMPARATIVES FOR THE STATEIE1T0F FIYAliCIAL ACTII'ITIES Unrc4lricied tund INCOMF. AND F.NDOII'MENTS FROM D(In4l1iun% an(1 Ii&4lLiCS 160,166 Inve.stment in¢om¢ 465 Tot81 1fi0,fi31 EXPF.NDITURE ON Raising liind5 113.898 Charitible activities Rcscarch 14,312 Other 42,867 Tot#1 171,077 N¢t bminlI055¢$I on inY¢stmrnts 18,9761 NET INcolE1(EXPEDlTuREl 119,4221 RECONCILIATION OF FUNDS Total fiinds broughi lon¥ard 469,956 Page 10
APA B I LIMITED NOTES TO THE FI)AICI.4L STATEIIENTS- continued lor the 'ear ended 31 DECE_IIBER 2023 COMPARATIVES FOR THE STATEMEPIT OF FINA Tr4CIAL Acri,IT1ES- continued Unresirithed fijnd TOTAL FUPIDS CARRIED FoR'ARD 450,534 FIXED ASSET INVESTMENTS Th¢Te were no inv¢stm¢nt a55¢ts outside the UK. During th¢ y¢ar, th¢ inv¢stm¢nt wtrfolio was sold iti Its eiiiircty. ba¢ ai ycar ¢nd is ihcr¢for¢ nil. Summary ag follows.. Opening valuaiion Diswsals RLvalualion C'losing valuation 104.749 1105,9741 DFBTORS: A[ouNTs FALLING DUE II'ITHIN OYE YEAR 2023 2022 Other debtors 35.464 720 CREDITORS: AMOUNTS FALLINC DUE W'ITHIY ONE YEAR 2023 2022 Oth¢T cr¢diiors Accrued expenses 3,879 4,848 3.879 17.949 10. IOVF.MF.NT IN FUPIDS Nei movLmcnt in fvn(ts At 1.1.23 31.12.23 UnrL'trltted funds Gcncral lund 450.534 57,715 5011,249 TOTAL FUFDS 450.534 57.715 508,249 Net movement in fund5. incluikd in the alx>ve are as follows.. Iwming re50urc¢s R¢wur¢¢5 expended Gain5 and losse5 Movement in fimds Urtre5tri¢ted fund$ General fi]nd 350,084 12932131 57,715 TOTAL FufiDS 350,084 1293213 57,715 Pagell
APA B I LIMITED NOTES TO THE FI)AICI.4L STATEIIENTS- continued lor the 'ear ended 31 DECE_IIBER 2023 io. MOVE11EYT IN FUPiDS- continued Comp9r9tives for movemeDt in funds Net moi'ement In funds Ar 31.12.22 Ai 1.1.22 Unrestrltted funds General fund 469.956 119.4221 450,534 i'o-rAL TrUPiDS 469.956 119.4221 450,534 Comparative net movement in funth. irKluded in the alx)ve are as follows.. Incoming resources Rewurces expended Gains and losses Mov¢m¢ni in funds Unre$trleted funds Gcncral fund 160,631 1171,0771 18.9761 119.4221 TOTAL FUNDS 160.631 1171.0771 18,Y761 119,4221 RELATED PARTY DISCLOSURES Oth¢T than ¢xp¢nxs ouilincd in N¢Y¢ 5 to th¢ Aeeounis. t[¢ wer¢ no r¢lat¢d party transactions during th¢ Yr. Page 12