**REGISTERED COMPANY NUMBER: 07326046 (England and Wales) REGISTERED CHARITY NUMBER: 1138385**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
**Page Report of the Trustees** 1 to 2
**Independent Examiner's Report**
**Independent Examiner's Report** 3 **Statement of Financial Activities** 4 **Balance Sheet** 5 **Notes to the Financial Statements** 6 to 10 **Detailed Statement of Financial Activities** 11
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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 (FRS102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objects of the Society are:-
To promote for the public benefit the education of those involved in the field of coronary angloplasty, cardiac valvuloplasty and other interventional cardiovascular procedures ("the Field") and
the health and safety of the community by carrying out and planning its activities the trustees have given in education, training, research and supporting the The society's long standing national meeting - to strength and attracted more delegates then ever. Additional needs of trainees and allied health professionals.The coronary intervention and we now provide education on during the year has been conducted wholly from
To protect, promote and maintain the health and safety of the community by carrying out medical research in the Field and helping to maintain and raise standards of care in the Field.
In setting the objectives of the company and planning its activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
BCIS continues to pursue its objectives in education, training, research and supporting the development of the care of patients with cardiovascular disease. The society's long standing national meeting - Advanced Cardiovascular Intervention - goes from strength to strength and attracted more delegates then ever. Additional educational meetings through the year attend to the educational needs of trainees and allied health professionals.The remit of the advanced meeting has been expanded beyond coronary intervention and we now provide education on a wide range of other issues such as structural heart disease intervention and service organisation.
## **FINANCIAL REVIEW**
## **Financial position**
The funding of the charity's activities during the year has been conducted wholly from income received during the current and previous years, unrestricted funds have decreased by £2,868 during the year.
## **Investment policy and objectives**
The trustees' policy is to invest funds in easy access and low risk bank accounts.
## **Reserves policy**
At the year end the Society has unrestricted reserves of £306,586 (2022: £361,958).
The trustees consider this level of resources sufficient to cover immediate expenditure requirements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The British Cardiovascular Intervention Society was incorporated on 26 July 2010 as a company limited by guarantee and registered with the Charity Commission on 12 October 2010.
The Society is governed by its Memorandum and Articles of Association.
## **Recruitment and appointment of new trustees**
Trustees are appointed by ordinary members as per the Articles of Association.
The council may appoint a trustee to fill a vacancy or as an additional trustee. A trustee so appointed holds office only until the next annual general meeting.
## **Organisational structure**
The charity is administered and managed by a council, who are directors of the charity, in accordance with the governing document.
## **Induction and training of new trustees**
No formal trustee induction and training procedures have been adopted.
Page 1
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems established to mitigate the risk.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07326046 (England and Wales)
**Registered Charity number** 1138385
## **Registered office**
Unit 8 Midland Court Lutterworth LEICESTER LE17 4PN
**Trustees** Professor N P Curzen Cardiologist (resigned 31/3/2023) Dr C E Appleby Cardiologist (resigned 31/3/2023) Dr D G W Fraser Doctor (resigned 31/3/2023) Dr D B McKenzie Consultant Cardiologist Dr D Hildick-Smith Cardiologist (appointed 24/3/2023) Dr G J Clesham Cardiologist (appointed 31/3/2023)
Professor P MacCarthy Dr P Ludman (Audit Secretary) Dr D Muir Professor R Kharbanda Dr G Clesham Professor C Berry Dr S Nijjer
## **Independent Examiner**
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Dr D B McKenzie - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**Independent examiner's report to the trustees of British Cardiovascular Intervention Society ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.
## **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.
- examination because I am a member of the Institute of I confirm that no matters have come to my attention
- with the accounting requirements of Section 396 of the give a true and fair view which is not a matter
- prepared in accordance with the methods and principles
- for accounting and reporting by charities (applicable to the Financial Reporting Standard applicable in the UK and
- across no other matters in connection with the examination
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Richard Minns FCA
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Date: .............................................
Page 3
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**DRAFT**
**2023**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Cardiovascular care
**329,755**
Investment income
3
**1,723**
**Total**
**331,478**
**EXPENDITURE ON**
**Charitable activities**
Cardiovascular care
**384,780**
Cardiovascular care
**-**
Other
**2,070**
**Total**
**386,850**
**NET INCOME/(EXPENDITURE)**
**(55,372)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**361,958**
**TOTAL FUNDS CARRIED FORWARD**
**306,586**|2022
Total
funds
£
240,354
35
240,389
-
241,187
2,070
243,257
(2,868)
364,826
361,958|
|---|---|
The notes form part of these financial statements
Page 4
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **BALANCE SHEET 30 SEPTEMBER 2023**
||**2023**
2022|
|---|---|
||**Unrestricted**
Total|
||**fund**
funds|
|Notes|**£**
£|
|**FIXED ASSETS**||
|Intangible assets
7|**15,525**
17,595|
|**CURRENT ASSETS**||
|Debtors
8|**15,144**
144|
|Cash at bank|**295,817**
397,219|
||**310,961**
397,363|
|**DRAFT**
**CREDITORS**
Amounts falling due within one year
9
**(19,900)**
(53,000)
**NET CURRENT ASSETS**
**291,061**
344,363
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**306,586**
361,958
**NET ASSETS**
**306,586**
361,958
**FUNDS**
10
Unrestricted funds
**306,586**
361,958
**TOTAL FUNDS**
**306,586**
361,958
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea
ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ende
30 September 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of th
Companies Act 2006 and
(b)
preparing financial statements which give a true and fair view of the state of affairs of the charitable company a
at the end of each financial year and of its surplus or deficit for each financial year in accordance with th
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A
||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
D B McKenzie - Trustee
The notes form part of these financial statements
Page 5
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **1. STATUTORY INFORMATION**
British Cardiovascular Intervention Society is a private company limited by guarantee and a charity, registered in England and Wales. The registered company and charity numbers, and the principal office address can be found under the reference and administrative details in the Report of the Trustees.
The presentation currency of the financial statements is the Pound Sterling (£)
## **2. ACCOUNTING POLICIES**
## **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.
applicable to charities preparing their accounts in in the UK and Republic of Ireland (FRS 102) 102 'The Financial Reporting Standard applicable in Act 2006. The financial statements have been prepared taken advantage of the following disclosure exemptions in by FRS 102 'The Financial Reporting Standard applicable in for on a receivable basis. There has been no offsetting of involve more then one cost category have been apportioned on activities falling directly within one cost category has
The financial statements have also been prepared in accordance with the Charities Act 2011. **Financial reporting standard 102 - reduced disclosure exemptions** The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is accounted for on a receivable basis. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## **Expenditure**
All expenditure is accounted for on an accruals basis.
The following principles have been applied in attributing costs to different headings:
i) Items of expenditure which involve more then one cost category have been apportioned on a basis consistent with the estimated use of the item within each category.
ii) No past expenditure incurred on activities falling directly within one cost category has been attributed to any other cost category.
Support costs have been allocated between governance and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
## **Taxation**
As a registered charity the Society is exempt from taxation on its income and gains where they are applied for charitable purposes.
The Society is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
Page 6
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **2. ACCOUNTING POLICIES - continued**
## **Cash at bank**
Cash at bank comprises current and deposit accounts.
## **Creditors**
Short term creditors are measured at transaction price.
## **3. INVESTMENT INCOME**
|**3.**|**INVESTMENT INCOME**|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||Deposit account interest|**1,723**|35|
|**4.**
**5.**
**6.**|**DRAFT**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**2023**
**£**
Computer software amortisation
**2,070**
**TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2023
ended 30 September 2022.
**Trustees' expenses**
The following expenses were reimbursed to trustees:-
£266 in total was reimbursed for directly incurred expenditure to 1 trustee (2022:£104).
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Cardiovascular care
Investment income||2022
£
2,070
nor for the year
Unrestricted
fund
£
240,354
35|
||**Total**||240,389|
||**EXPENDITURE ON**|||
||**Charitable activities**|||
||Cardiovascular care||241,187|
||Other||2,070|
||**Total**||243,257|
||**NET INCOME/(EXPENDITURE)**||(2,868)|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||364,826|
Page 7
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|||||£|
||**TOTAL FUNDS CARRIED FORWARD**|||361,958|
|**7.**|**INTANGIBLE FIXED ASSETS**||||
|||||Computer|
|||||software|
|||||£|
||**COST**||||
|**8.**
**9.**|**DRAFT**
At 1 October 2022 and 30 September 2023
**AMORTISATION**
At 1 October 2022
Charge for year
At 30 September 2023
**NET BOOK VALUE**
At 30 September 2023
At 30 September 2022
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
**15,000**
Other debtors
**144**
**15,144**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Other creditors
**200**
Accruals and deferred income
**19,700**
**19,900**|||**20,700**
**3,105**
**2,070**
**5,175**
**15,525**
17,595
2022
£
-
144
144
2022
£
200
52,800
53,000|
|**10.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||1/10/22|in funds|30/9/23|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**361,958**|**(55,372)**|**306,586**|
||**TOTAL FUNDS**|**361,958**|**(55,372)**|**306,586**|
Page 8
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**DRAFT**
Incoming
resources
£
**Unrestricted funds**
General fund
**331,478**
**TOTAL FUNDS**
**331,478**
**Comparatives for movement in funds**
At
1/10/21
£
**Unrestricted funds**
General fund
364,826
**TOTAL FUNDS**
364,826
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
240,389
**TOTAL FUNDS**
240,389
A current year 12 months and prior year 12 months combined position is as follows:
At
1/10/21
£
**Unrestricted funds**
General fund
364,826
**TOTAL FUNDS**
364,826|Resources
Movement
expended
in funds
£
£
**(386,850)**
**(55,372)**
**(386,850)**
**(55,372)**
Net
movement
At
in funds
30/9/22
£
£
(2,868)
361,958
(2,868)
361,958
Resources
Movement
expended
in funds
£
£
(243,257)
(2,868)
(243,257)
(2,868)
Net
movement
At
in funds
30/9/23
£
£
(58,240)
306,586
(58,240)
306,586|
|---|---|
Page 9
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|Incoming
Resources|Movement|
|---|---|
|resources
expended|in funds|
|£
£|£|
|**Unrestricted funds**||
|General fund
571,867
(630,107)|(58,240)|
|**TOTAL FUNDS**
571,867
(630,107)|(58,240)|
|**DRAFT**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2023.
**LIMITED BY GUARANTEE**
The company is limited by guarantee without share capital. In the event of being wound up
undertakes to contribute such amount as may be required (not exceeding £10) for the payment
debts and liabilities.|each memb
of the charit|
## **11. RELATED PARTY DISCLOSURES**
## **12. LIMITED BY GUARANTEE**
The company is limited by guarantee without share capital. In the event of being wound up each member undertakes to contribute such amount as may be required (not exceeding £10) for the payment of the charity's debts and liabilities.
Page 10
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**DRAFT**
**INCOME AND ENDOWMENTS**
**Investment income**
Deposit account interest
**Charitable activities**
Subscriptions
Fellowship contributions
Site visits
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Administration fee
Fellowships
Education programme
Travel expenses
Meetings expenses
Website development and maintenance costs
Sundry expenses
Bank charges
Advertising and marketing
Computer expenses
**Other**
Computer software amortisation
**Support costs**
**Governance costs**
Accountancy fees
Total resources expended
**Net expenditure**|2023
£
**1,723**
**229,427**
**100,328**
**-**
**329,755**
**331,478**
**48,129**
**77,123**
**210,569**
**280**
**3,838**
**30,535**
**1,320**
**77**
**972**
**9,643**
**382,486**
**2,070**
**2,294**
**386,850**
**(55,372)**|2022
£
35
211,953
25,000
3,401
240,354
240,389
39,652
-
168,142
1,146
1,989
25,546
1,958
119
781
-
239,333
2,070
1,854
243,257
(2,868)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
**REGISTERED COMPANY NUMBER: 07326046 (England and Wales) REGISTERED CHARITY NUMBER: 1138385**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
**Page Report of the Trustees** 1 to 2
**Independent Examiner's Report**
**Independent Examiner's Report** 3 **Statement of Financial Activities** 4 **Balance Sheet** 5 **Notes to the Financial Statements** 6 to 10 **Detailed Statement of Financial Activities** 11
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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 (FRS102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objects of the Society are:-
To promote for the public benefit the education of those involved in the field of coronary angloplasty, cardiac valvuloplasty and other interventional cardiovascular procedures ("the Field") and
the health and safety of the community by carrying out and planning its activities the trustees have given in education, training, research and supporting the The society's long standing national meeting - to strength and attracted more delegates then ever. Additional needs of trainees and allied health professionals.The coronary intervention and we now provide education on during the year has been conducted wholly from
To protect, promote and maintain the health and safety of the community by carrying out medical research in the Field and helping to maintain and raise standards of care in the Field.
In setting the objectives of the company and planning its activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
BCIS continues to pursue its objectives in education, training, research and supporting the development of the care of patients with cardiovascular disease. The society's long standing national meeting - Advanced Cardiovascular Intervention - goes from strength to strength and attracted more delegates then ever. Additional educational meetings through the year attend to the educational needs of trainees and allied health professionals.The remit of the advanced meeting has been expanded beyond coronary intervention and we now provide education on a wide range of other issues such as structural heart disease intervention and service organisation.
## **FINANCIAL REVIEW**
## **Financial position**
The funding of the charity's activities during the year has been conducted wholly from income received during the current and previous years, unrestricted funds have decreased by £2,868 during the year.
## **Investment policy and objectives**
The trustees' policy is to invest funds in easy access and low risk bank accounts.
## **Reserves policy**
At the year end the Society has unrestricted reserves of £306,586 (2022: £361,958).
The trustees consider this level of resources sufficient to cover immediate expenditure requirements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The British Cardiovascular Intervention Society was incorporated on 26 July 2010 as a company limited by guarantee and registered with the Charity Commission on 12 October 2010.
The Society is governed by its Memorandum and Articles of Association.
## **Recruitment and appointment of new trustees**
Trustees are appointed by ordinary members as per the Articles of Association.
The council may appoint a trustee to fill a vacancy or as an additional trustee. A trustee so appointed holds office only until the next annual general meeting.
## **Organisational structure**
The charity is administered and managed by a council, who are directors of the charity, in accordance with the governing document.
## **Induction and training of new trustees**
No formal trustee induction and training procedures have been adopted.
Page 1
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems established to mitigate the risk.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07326046 (England and Wales)
**Registered Charity number** 1138385
## **Registered office**
Unit 8 Midland Court Lutterworth LEICESTER LE17 4PN
**Trustees** Professor N P Curzen Cardiologist (resigned 31/3/2023) Dr C E Appleby Cardiologist (resigned 31/3/2023) Dr D G W Fraser Doctor (resigned 31/3/2023) Dr D B McKenzie Consultant Cardiologist Dr D Hildick-Smith Cardiologist (appointed 24/3/2023) Dr G J Clesham Cardiologist (appointed 31/3/2023)
Professor P MacCarthy Dr P Ludman (Audit Secretary) Dr D Muir Professor R Kharbanda Dr G Clesham Professor C Berry Dr S Nijjer
## **Independent Examiner**
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Dr D B McKenzie - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**Independent examiner's report to the trustees of British Cardiovascular Intervention Society ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.
## **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.
- examination because I am a member of the Institute of I confirm that no matters have come to my attention
- with the accounting requirements of Section 396 of the give a true and fair view which is not a matter
- prepared in accordance with the methods and principles
- for accounting and reporting by charities (applicable to the Financial Reporting Standard applicable in the UK and
- across no other matters in connection with the examination
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Richard Minns FCA
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Date: .............................................
Page 3
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**DRAFT**
**2023**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Cardiovascular care
**329,755**
Investment income
3
**1,723**
**Total**
**331,478**
**EXPENDITURE ON**
**Charitable activities**
Cardiovascular care
**384,780**
Cardiovascular care
**-**
Other
**2,070**
**Total**
**386,850**
**NET INCOME/(EXPENDITURE)**
**(55,372)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**361,958**
**TOTAL FUNDS CARRIED FORWARD**
**306,586**|2022
Total
funds
£
240,354
35
240,389
-
241,187
2,070
243,257
(2,868)
364,826
361,958|
|---|---|
The notes form part of these financial statements
Page 4
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **BALANCE SHEET 30 SEPTEMBER 2023**
||**2023**
2022|
|---|---|
||**Unrestricted**
Total|
||**fund**
funds|
|Notes|**£**
£|
|**FIXED ASSETS**||
|Intangible assets
7|**15,525**
17,595|
|**CURRENT ASSETS**||
|Debtors
8|**15,144**
144|
|Cash at bank|**295,817**
397,219|
||**310,961**
397,363|
|**DRAFT**
**CREDITORS**
Amounts falling due within one year
9
**(19,900)**
(53,000)
**NET CURRENT ASSETS**
**291,061**
344,363
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**306,586**
361,958
**NET ASSETS**
**306,586**
361,958
**FUNDS**
10
Unrestricted funds
**306,586**
361,958
**TOTAL FUNDS**
**306,586**
361,958
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea
ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ende
30 September 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of th
Companies Act 2006 and
(b)
preparing financial statements which give a true and fair view of the state of affairs of the charitable company a
at the end of each financial year and of its surplus or deficit for each financial year in accordance with th
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A
||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
D B McKenzie - Trustee
The notes form part of these financial statements
Page 5
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **1. STATUTORY INFORMATION**
British Cardiovascular Intervention Society is a private company limited by guarantee and a charity, registered in England and Wales. The registered company and charity numbers, and the principal office address can be found under the reference and administrative details in the Report of the Trustees.
The presentation currency of the financial statements is the Pound Sterling (£)
## **2. ACCOUNTING POLICIES**
## **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.
applicable to charities preparing their accounts in in the UK and Republic of Ireland (FRS 102) 102 'The Financial Reporting Standard applicable in Act 2006. The financial statements have been prepared taken advantage of the following disclosure exemptions in by FRS 102 'The Financial Reporting Standard applicable in for on a receivable basis. There has been no offsetting of involve more then one cost category have been apportioned on activities falling directly within one cost category has
The financial statements have also been prepared in accordance with the Charities Act 2011. **Financial reporting standard 102 - reduced disclosure exemptions** The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is accounted for on a receivable basis. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## **Expenditure**
All expenditure is accounted for on an accruals basis.
The following principles have been applied in attributing costs to different headings:
i) Items of expenditure which involve more then one cost category have been apportioned on a basis consistent with the estimated use of the item within each category.
ii) No past expenditure incurred on activities falling directly within one cost category has been attributed to any other cost category.
Support costs have been allocated between governance and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
## **Taxation**
As a registered charity the Society is exempt from taxation on its income and gains where they are applied for charitable purposes.
The Society is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
Page 6
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **2. ACCOUNTING POLICIES - continued**
## **Cash at bank**
Cash at bank comprises current and deposit accounts.
## **Creditors**
Short term creditors are measured at transaction price.
## **3. INVESTMENT INCOME**
|**3.**|**INVESTMENT INCOME**|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||Deposit account interest|**1,723**|35|
|**4.**
**5.**
**6.**|**DRAFT**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**2023**
**£**
Computer software amortisation
**2,070**
**TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2023
ended 30 September 2022.
**Trustees' expenses**
The following expenses were reimbursed to trustees:-
£266 in total was reimbursed for directly incurred expenditure to 1 trustee (2022:£104).
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Cardiovascular care
Investment income||2022
£
2,070
nor for the year
Unrestricted
fund
£
240,354
35|
||**Total**||240,389|
||**EXPENDITURE ON**|||
||**Charitable activities**|||
||Cardiovascular care||241,187|
||Other||2,070|
||**Total**||243,257|
||**NET INCOME/(EXPENDITURE)**||(2,868)|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||364,826|
Page 7
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|||||£|
||**TOTAL FUNDS CARRIED FORWARD**|||361,958|
|**7.**|**INTANGIBLE FIXED ASSETS**||||
|||||Computer|
|||||software|
|||||£|
||**COST**||||
|**8.**
**9.**|**DRAFT**
At 1 October 2022 and 30 September 2023
**AMORTISATION**
At 1 October 2022
Charge for year
At 30 September 2023
**NET BOOK VALUE**
At 30 September 2023
At 30 September 2022
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
**15,000**
Other debtors
**144**
**15,144**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Other creditors
**200**
Accruals and deferred income
**19,700**
**19,900**|||**20,700**
**3,105**
**2,070**
**5,175**
**15,525**
17,595
2022
£
-
144
144
2022
£
200
52,800
53,000|
|**10.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||1/10/22|in funds|30/9/23|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**361,958**|**(55,372)**|**306,586**|
||**TOTAL FUNDS**|**361,958**|**(55,372)**|**306,586**|
Page 8
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**DRAFT**
Incoming
resources
£
**Unrestricted funds**
General fund
**331,478**
**TOTAL FUNDS**
**331,478**
**Comparatives for movement in funds**
At
1/10/21
£
**Unrestricted funds**
General fund
364,826
**TOTAL FUNDS**
364,826
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
240,389
**TOTAL FUNDS**
240,389
A current year 12 months and prior year 12 months combined position is as follows:
At
1/10/21
£
**Unrestricted funds**
General fund
364,826
**TOTAL FUNDS**
364,826|Resources
Movement
expended
in funds
£
£
**(386,850)**
**(55,372)**
**(386,850)**
**(55,372)**
Net
movement
At
in funds
30/9/22
£
£
(2,868)
361,958
(2,868)
361,958
Resources
Movement
expended
in funds
£
£
(243,257)
(2,868)
(243,257)
(2,868)
Net
movement
At
in funds
30/9/23
£
£
(58,240)
306,586
(58,240)
306,586|
|---|---|
Page 9
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|Incoming
Resources|Movement|
|---|---|
|resources
expended|in funds|
|£
£|£|
|**Unrestricted funds**||
|General fund
571,867
(630,107)|(58,240)|
|**TOTAL FUNDS**
571,867
(630,107)|(58,240)|
|**DRAFT**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2023.
**LIMITED BY GUARANTEE**
The company is limited by guarantee without share capital. In the event of being wound up
undertakes to contribute such amount as may be required (not exceeding £10) for the payment
debts and liabilities.|each memb
of the charit|
## **11. RELATED PARTY DISCLOSURES**
## **12. LIMITED BY GUARANTEE**
The company is limited by guarantee without share capital. In the event of being wound up each member undertakes to contribute such amount as may be required (not exceeding £10) for the payment of the charity's debts and liabilities.
Page 10
**BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**DRAFT**
**INCOME AND ENDOWMENTS**
**Investment income**
Deposit account interest
**Charitable activities**
Subscriptions
Fellowship contributions
Site visits
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Administration fee
Fellowships
Education programme
Travel expenses
Meetings expenses
Website development and maintenance costs
Sundry expenses
Bank charges
Advertising and marketing
Computer expenses
**Other**
Computer software amortisation
**Support costs**
**Governance costs**
Accountancy fees
Total resources expended
**Net expenditure**|2023
£
**1,723**
**229,427**
**100,328**
**-**
**329,755**
**331,478**
**48,129**
**77,123**
**210,569**
**280**
**3,838**
**30,535**
**1,320**
**77**
**972**
**9,643**
**382,486**
**2,070**
**2,294**
**386,850**
**(55,372)**|2022
£
35
211,953
25,000
3,401
240,354
240,389
39,652
-
168,142
1,146
1,989
25,546
1,958
119
781
-
239,333
2,070
1,854
243,257
(2,868)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
## **BRITISH CARDIOVASCULAR INTERVENTION SOCIETY**
## **ANALYTICAL REVIEW**
## **YEAR ENDED 30 SEPTEMBER 2023**
- 1 Increase in subscriptions during the year - does this appear reasonable? No donations received during the year. Is this correct?
- 2 £52,227.96 from EAPCI. Should this be deferred? The fellowship fee of £48,100 that was deferred last year has been fully released this year.
The £15,000 fellowship for 2024 has been deferred.
- 3 Bank interest received has increased presumably because of higher interest rates.
- 4 Increase in administration fees. The figure of £48,129 has been taken fro Do any of these figures need reallocating?
- 5 Fellowship expenditure of £77,123 seen in the year. Confirm correct.
- 6 Included in education programme are the following:
- £11,037 Human Factors and talks
- £110,911 ACI 2023 delegate costs
- £55,815 ACI 2023 delegate costs
- £13,087 ACI 2023 delegate costs
- £19,718 Millbrook
Confirm appropriate to post into education programme.
- 7 Website costs include all the costs entered under website in sage and Fou Confirm all expenses correctly allocated.
- 8 Sundry expenses consist of consultancy fees per sage.
- 9 Advertising and Marketing
- £972 to Mailchimp. Confirm.
## 10 Computer expenses
Consists of a large invoice of £7164 and other items posted to computer e on sage.
- 11 Insurance, Accountancy Fees and Legal are for:
Accountancy fees £2,294
No insurance seen in paid in the year.
## **C2-1**
Yes Correct Correct Agreed m sage. This is correct Correct all correct initiative being undertaken to educate members on behavioura conference expenses conference expenses conference and webinar expenses
ur communications. Four communications is to be allocated to Valv Correct Correct
## expenses
£7164 is for access to MedShr a platform where physicians can
correct
noted, something to look at for this year.
l issues
ve for Life initiative. Paid from the money recevied from EAPCI.
share and discuss cases - sort of like a Dr's social media. This hasn’t been renewed for
r this year.