fom Annual Report and Accounts 2024 Charity Commission No 1139516 Scottish Charity No SC040060 Registered in England No 07461063 OUR VISION Heallhy working lives for oll. OUR POSITION The Faculty of Occupational Medicine believes everyone of working age has the right lo benefit from healthy and rewarding work while not putting themselves or others at unreasonable risk. To achieve healthy working lives for all. we work towaTd5 comprehensive occupational health and safety services in oll employmenl sectors. so Ihat ill health and injury related lo work may be prevenled, lo support those with health condilions and disabilities in their work. and for all who would wish lo and ale able lo work. to be reap the benefil from being in good work. OUR MISSION To drive improvement in Ihe health of the working age population through safe and effective occupalional health capability and by developing and supporting the good practice of occupational medicine. To provide public benefit Ihrough the prolection of people at work by ensurrng the highesl professional slandords of competence. quality and ethical integrity. OUR VALUES Collaborative, Authoritative, Relevant. Ethical CONTENTS Trustees, Report Inlroduclion from Ihe Presidenl and Choir of Trustees Charily information Board of Trustees, Council and othei key appointments Membership Reference and administrative information structure. governance and management Charitable objectives Achievements 10 Finance review 13 stalement of Truslees. Responsibililies Independenl Auditors, Report 19 statement of Financlal Actlvltles 23 statemenl of Financial Positlon 24 statemenl of Cash Flows 25 Notes to the Flnancial Slatements 26 TRUSTEES, REPORT Introduction from the Presidenl and Chair of Trvstees, DT Robin Cordell The year 2024 has brought about significant change. The change of Government has presented renewed opportunilies to advise the new adminislration on how ill health and injury can besl be prevenled, and on how those wilh heallh conditions and disabilities can be supported to remain in work. We know Ihot those who have follen out of work through ill heallh or disability. parlicularty those wth mental health condilions, can struggle to return. We have been advising on how Ihese people can be supported also. In doing so we have emphasised the importonce of professional advice lo employers on how Ihey can protect and support the heallh of their people. and access fo compelenl work and health professionals for all who need this. As set out in this report. following a successful Boord strategy day in July 2024, we have inslituled enhancements in our risk managemenl process and regular review. We have also this year reviewed our governance processes, examples including the revision of the lerms of reference ITORS) of the ethics committee IECI. Allhough the period of this annual report is as at 31 December 2024.1 can report Ihat following the TOR review during 2024. the EC has mel in early 2025. A key output of the EC is the FOM ethics guidance for occupational heallh practice: we as FOM Board have agreed that the next edition wli I be published on line a5 open source on Ihe new FOM website. given the value this brings that Is wider Ihan the membership. Ethics and other standords of occupalional health practice remain core to our purpose. Following the successful launch of Ihe 2023 SEQOHS standards. we hove been undertaking work to streamline the process to reduce remoining borriers to accreditation. so thal all occvpalional heolth providers are able to benchmark their setvices. ond through occreditafion demonstrate that they meet this de facto industry standard for occupational health practice. The FOM continues to deliver exominolions lo the highesf standards. and the contribution ol the examiners and all the FOM slaff is invaluable. Within this report we have set out the success of the new MFOM Part 2 examination, and our Ihanks lo the then Academic Dean. Professor Ira Madan. and her successor. Dr Momeda Deen. The Diploma in Occupational Health Practice (Dip OHPracl instiluted for nurses in 2022. over Ihis lost year has now welcomed application5 trom physiotherapists and occupational therapists. This 15 a major 51ep forward in qualifications and continuous improvement in standards of mullidisciplinary occupational health practice. Finally. I should like to thonk all members of Ihe Board. including Ihose who have come to the end of their term during thi5 year. and the new members who have joined. I should especially like to thank all members of the FOM sloff, led by Louise Craig. for their exceptional work. Di Robin Cordell MBA FRCP FFOM CHARITY INFORMATION BOARD OF TRUSTEES. COUNCIL AND OTHER KEY APPOINTMENTS Board of Truslees The Board of Trustees comprises the chority Trustees of the Faculty of Occupational Medicine IFOMI. The Trustees ore also the direclors of the company under the Companies Act 2006. Excepl where indicated, the following all served as Trvstees and directors Ihroughovl 2024: Prof. Steven Nimmo President (to September 20241 President (from September 20241 Registrar & Deputy President Academic Dean & Deputy President (to Augusl 20241 Academic Dean & Depuly President (from August 20241 Lay member. Employers, Represenlative (to Sepl 20241 Elected member Dr Robin Cordell Dr Rikard Moen Prof. Iro Madan Dr Momeda Deen Prot. Neil Budworth Dr Liso Curran Prof. Neil Greenberg Dr Yousef Habbob CoFopted Treasurer Ms Lynsey Mann Dr Tosin Talobi Lay Member. Employees, Representative Elected member Prof. Joanna Yarker C(￿pIed (from March 20251 Employers, Represenlalive (from March 20251 Rachel Suff Council The Council meets four limes a year and is choired by the Academic Dean. Council membership for 2024 was os follow5: Prof. Iro Madan Academic Dean and Chair of Council Ilo August 20241 Academic Dean and Chair of Council lfrom Augusl 2024} Dr Momeda Deen Prof. Steve Nimmo President Ilo September 2024} Dr Robin Cordell SEQOHS Standards Review Leod Ilo September 20241 and Presidenl (from September 20241 Dr Sue 81air Convenor of FOM Scolland Ilo June 20241 Chair ot the Council for Work & Health Dr Sleve Boorman Dr Daniel Border Resident (Traineel Representative Associale Member Dr Aidan Challen Ms Louise Craig Dr Denise Connolly Dr Lisa Curran FOM Chief Executive Officer Convenor of FOM Northern treland Director of Training Representative from fhe NHS Retired members, representative Convenor of FOM Scomand (from June 20241 Dr Anne De Bono Dr David Flower Dr David Haldane Dr Rikard Moen Regislrar Scientific Officer Dr Finola Ryan Dr Ashika Sequeira Dr Jon Spiro Dr Andrew Sproston Dr Tosin Talabi Porffolio Pathwoy Repre5enlative Porlfolio Palhway Lead Convenor of FOM Woles Director of Examinations Mr Andrew Walker Lay representative Ito September 20241 Responsib￿ Officer for Revalidation Dr Danny Wong other key appointments Dr Prosenjit Gin Dr Dravendranath Reetoo Deputy Director of Examinations Chief Examiner, MFOM Part l and Doccmed Dr Momeda Dean Deputy Chief Examiner, MFOM Part i ond Doccmed Ilo July 2024} Deputy Chief Examiner MFOM Part I and Doccmed Ifrom July 20241 Chief Examiner. MFOM Part 2 Dr Helena Nixon Dr Louise Holden Dr Hanaa Syed Wg Cdr Matthew Lewis Dr Henry Lupa Dr Danny Wong Dr Isam Ruslom Depufy Chief Exominer. MFOM Part 2 Chief Examiner. DAvMed Deputy Chief Examiner. DAvMed Chief Examiner, HAVS Deputy Chief Examiner, HAVS Chief Examiner, DipOHPrac Ms Anna Porter Membership 2023 2024 Fellows 219 215 Honorary Fellows 109 Members 353 Associates 103 92 Specially Trainees Affiliating Diplomales 65 66 345 360 Life Members Retired Members 37 45 Revalidating Subscribe Affiliate 29 studenllfoundotion year doctor Total 1.391 1.406 REFERENCE AND ADMINISTRATIVE INFORMATION The FOM'S address.. l. Sl Andrews Ploce London NWI 4LB .fom.ac.uk Charity Commission Number", Scotlish Charity Number: Regislered Company Number: 1139516 SC040060 07461063 Bankers: Lloyds Bank plc Langham Place branch PO Box 1000 BXI ILT Solicitors: Shoosmiths LLP l Bow Churchyard London EC4M 9DQ Auditors: Griffin Stone Moscrop & Co 21-27 Lamb's Conduit streel Holborn London WCIN 3GS The Board of Trustees. who are olso Ihe directors of Ihe charitable company. officers and key appointments, are lisled on pages 4 and 5. The FOM Board of Trustees presents its annual reporl for Ihe year ended 31 December 2024 under the Charities Act 2011 and Ihe Charities Accounts {Scotlandl Regulations 2006, fogelher with the audited accoun15 for Ihe year. and confirms Ihat these comply wlh current stalutory requirements, Ihe requirements of Ihe charity's governing document and Ihe provisions of the statement of Recommended Practice ISORPI 'Accounting and Reporting by Charitie5'. The report is also o Directors, Report os required by Section 415 of the Companies Act 2006. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The FOM is governed by its Arlicles of Association dating from December 2010 and last amended in October 2017. The FOM'S constilution is set out in ils Articles of Association. Recrultmenl and Iralnlng of Trustees Under the Arlicles of Association. elected members. lay members and c04)ptees normally serve on the Board of Trustees until the second. Ihifd Of fourth Annual General Meeting followng the one at which their eleclion is announced. Elected members may not serve for more than two consecutive elected term5 lolalling six years, after which they become ineligible for r&election until a period of one year has elapsed. Truslees ore inducted inlo Ihe workings of the FOM through induclion meelings and the issuing ol information, which includes relevant material from the Chority Commission. Office of the Scotlish Charity Regulator, Companies House. os well as documentation on the FOM'S conslilution. code of conduct, declarations of interesl. annual risk register review and strategic planning. staff structure and key functions. All trustees are provided wilh a role description. Mentoring support is provided by more experienced members of Ihe Board of Truslees. OTganisalional management Trustees ore also directors of the incotporated charity. The Board of Trustees is legalEy responsible for the overall managemenl and control of the FOM and meels quarlerty. The President. Academic Dean. Regislrar. Treasurer and up to three other Trustees ore elected by Ihe membership. There are Iwo Lay Trustees. representing employers and employees, and the 8oard may co-opt up lo Ihree Trustees. The Board may establtsh commiltees or w(yking groups as it sees fit to conlribute lo the delivery of the strategic aims and objectives of the FOM. The Council 15 a key professional advisory commitlee and meets quarterfy to consider professional matters reloled to Ihe specialty of occupational medicine and to make iecommendations to the Board. Risk management In July 2024, the Board of Tru51ees cartied out a review of the Faculty's strengths, weaknesses, opportunities and threals ISWOTI ond reflected on FOM'S operating environment including political, economic, social. technological, legal and environmental factors IPESTLEI. This informed a review of the FOM'S Risk Register and an of updote of mitigation measures. It was agreed that Risk will be a standing agenda ilem for every meeting of the Board of Truslees to allow lor regular monitoring. Controls thal are used by the chartly for risk identification and management include: Regular monitoring of key risks by the Presidenl. Depuly Presidents (Registrar and Academic Dean) and the Chief Executive Officer. wth regular online meetings, and escalation to all trustees and external professional advisers as required,. Consulting ond engaging with Medical Royal Colleges and Faculties, regulatory bodies and o*her key slakeholders. lo share leaming and information about emerging trends.. Frequent communication belween and amongsl Trustees and FOM senior slaff to identify risks early, put miligation measures in ploce. and monitor their effectiveness; Periodic review and updating of FOM'S Risk Regisler by the Board of Trustees: Agendas and minuleslnotes for all FOM Boord and committee meelings, and regular review of the terms of reference for all working groups and commitlees: Budgel selting. monagemenl accounting and quartedy performance reports to Ihe Board: Established organisational stnjctures and lines of reporting; Formal Written policies: and Clear financial protocols, including aulhorisalion and approval levels. The Board idenlifies ond mitigates against risks, bul il is recognised thal systems can only provide reasonoble but not absolute assurance. Public benefil FOM is a charity and exisls for public benefil. Through ifs work, FOM aims to ensure that those providing occupational health services are suitably qualified and Ihat employeis. workers. government and the public in general can idenlify sale. effective ond good quality occupational heallh services through the SE(TrOHS accreditation scheme. The following work is at the heart of the socielal benefil provided by FOM: FOM sets. upholds and updates professional slandards in occupational medicine and occupational health. FOM suppor15 and assesses doclors seeking specialty registration and also Provides a range of qualificotions for doctors and allied health professionals. FOM is responsible foi providing and updating the poslgraduate curriculum for specialty training in occupational medicine in the UK and works closely with the General Medical Council IGMCI to ensure approval for ony CU￿1CVIor changes. FOM'S educalion and qualification programmes ensure that standards are achieved throughovl the profession. and thot they are maintained through conlinuous professional development. FOM'S members commit to annual appraisals and undergo a rigorou5 process of revalidation through FOM and other designated bodies. FOM contributes advice lo major national commiltees and working groups. FOM also works lo increase capacity in occupational medicine and health, ond believes Ihal access lo good occupalional heollh should be available to everyone in the working age population. FOM sets. promoles and upholds standards for organisations providing occupational health se￿iCe$ through the SEQOHS accreditalion scheme. SEQOHS is widely recognised as the national standard for occupalional health setvices providing safe. effective and good qualily services. The Trustees have given due considerotion to the Charily Commission's published guidance on the Public Benefil requirement under the Chorilies Acl 2011. Fundralsing compliance FOM had no fundraising activities in 2024 requiring disclosure under $162A of the Charities Act 201 Chafitable objectlves The FOM'5 objectives. as sel out in its Articles of Association, are to: l . Promote lor the public benefit the advancement of educalion and kno￿edge in the field of occupalional medicine: 2. Act as an authoritative body for the purpose of consultation in matlers of educational or public interest conceming occupational medicine: 3. Develop and maintain for the public benefil the good practice of occupational medicine wilh a view to providing for the protection of people at work by ensuring the highest professional standards of competence and ethical integrily. Achievements - Academlc $tandords MFOM Part 2 highly valued qualificalion to be made available beyond the nursing communily and in 2024, the DipOHPrac became available lo registered physiotherapisls and occupational therapists loo. Following GMC approval. Ihe first diet of the new MFOM Parl 2 exomination look place. consisling of a single best onswer ISBAI paper and objective slruclured clinical examination IOSCEI. This successful project was a team effort. bul particular thanks musl go to Professor Ira Madan. Academic Dean to JUEY 2024. Dr Momeda Deen. Academic Deon from July 2024, Dr Clare Fernades. and the Faculty's Head of Assessment and Quality. Merv Young. on Supporting educational supep41sors In partnership with the Notional School of Occupalional Healfh INSOH}. the Faculty delivered refresher training for educational and clinical supervisors spanning Ihe four nations and the military. Presenlers included the Faculty's Director of Training, Dr Lisa Curran and Director of Examinalions, Dr Tosin 66 We owe a debt of gratitude to the chlef examiners of all the FOM examinalions and the examiners who work lirelessly throughout Ihe year to ensure thal standards. fairness. and equalty are maintained. 99 Tolabi. Training for examlners and question writers Professor Ira Madan, Academic Dean. 2020 to July 2024. In addition to providing ongoing support for examiners, Ihe Facully engaged consultanfs who have previously worked with the GMC Io deliver training in the wriling of high quality Single Best Answer ISBAI questions. Achievements - Professional learning & connection Widening access to FOM'S Diploma in Occupational Health Praclice Occupational Health 2024. Beltast Held al the fitonic Belfast, the 2024 Annual The popular DipOHPrac qualification. designed in collaboration wilh experts in the occupational heallh nursing communily. was extended in 2024. The Faculty received numerous requests for this prestigiovs and Scientific Meeting saw o record number of abstracls submitted and offered a vibrant and inspiring programme. Following a welcome oddress by Professor Sir Michael McBride, Chief Medical Office for Norlhen keland, tOPlCs covered included artisanal 10 and 5mall-scale gold mining. lung health. travel medicine. toxicology. cardiac pathologies in physicians, epidemiology. returning to work afterjoint replacemenl. and psychology. 2024 AGM. Awords and Dlnner In Seplembef 2024. new Members, Fellows and Honorary Fellows joined academic prize winners at the Faculty's Awards and Dinner. lo recognise and celebrate achievemenl. 2024 Resident (Trainee)/Portfollo Pathway Conference In April. the Faculty provided a conference free of charge for doctors in Iraining. Held in 2024 in the Midlands, this annual conference's programme is designed based on feedback from doctors in training who suggest topics thal would be of mosl volue to them. In addition lo update5 on training and examinations. al Ihe 2024 evenl delegales heard from a range of speakers coveting topics such as dermalology. diabetes ond work. and epilepsy and occupalional heallh. Academlc Prlze wlnners L4". Dr Louise Hancock 12023 Peter Taylor Award Winnerl, Ms Lauren Foster-Thomp50n IDipOHPrac Prize Winner). Dr Momeda Deen (Academic Dean and Deputy Presidenll. Dr Lisa Smyth IDOccMed Prize Runner Upl. Dr Anneka Varma (William Taylor Award Winner). Ms Caroline Gibbs IDipOHPrac Prize- Runner Up) Support for PortFolio Pathway doclors On 131h June 2024, the Faculty ran o coaching day in partnership with the General Medical Council. Aimed al supporting doctors who are following. or are potentially inleresled in following. a porlfolio route to joining the specialist register. delegates were offered advice on gathering evidence and detailed informalion about Ihe application process. Thanks are exlended to Ihe Faculty's Portfolio Pathway Lead. Dr Jon Spiro. for his work in establishing volunfrary panels of doctors willing lo give freely of Iheir lime to provide advice for doctors following Ihis pathway. Onllne SEQOHS tralning Service provideis wishing lo progress towards SEQOHS occreditalion, were provided with updated ond free training webinars which proved exlremely popular. Covering top tips. the SEQOHS journey. and evidence in practice. the first webinar went live in April 2024. 'Design your own. events were provided also. based on questions Posted by delegates ahead of scheduled webinars. SEQOHS t￿ard for Ith se ices cupationa Search for an occupational health service provider Register of SEQOHS accredited providers What sernce(sl are you looking for? During 2024 the updated SEQOHS standards were implemenled and information provided to employers. employees and service on the ohs.or Where would you like the seThtcelsl to be provide new www.se website. A publicly SUBMIT accessible register of SEQOHS accredited service providers can olso be found on the website. www.seqohs.org Looklng forwaid In September 2024. Professor Sleve Nimmo stood down as President. and President Elect, Dr Robin Cordell. look up the office of Presidenf. During 2025. there wll be several changes at Board level and amongst other committees which aligns with the FOM'S constitution and updated terms ol reference for committees. This will offers excellent development opportunities for members in 2025, where they can contribute their ideas and be involved in Ihe development of their professional body. Delails of vacancies wll be advertised lo members. as they arise. In 2025 the Faculty will continue lo work wlh a wide range of stokeholders and parlner5 lo raise Ihe profile of occupational medicine. foster a betler understanding of the value of occupational medicine and health. and the importance of professional slandards, qualificalions and multi- disciplinary working. It is anticipated that this wll include participation in a number of advisory and expert groups working with government, olher medical specialities via the Academy of Medical Royal Colleges IAOMRCI, and Ihe HSE. Engagement will continue with a wide range of seclor portners, including the NSOH, the Council for Work and Heallh. the NHS Health al Work Network. and allied health professional bodies, such as the Association of Chartered Physiotherapists in Occupational Health ond Ergonomics IACPOHE). 12 The Board of Trustees has considered its slralegic priorities lor the next Ihree years and, starting in 2025. Ihe FOM will focus its efforts and resources on nine priotities, spanning three core areas: We will work wllh partners and strengthen our impact by... Being a trusted and independenl advisor on occupational heallh issues. Setting and maintaining standards in occupolional health qualificalions, compelence and seNice delivery Ihal protect the UK workforce. Extending the number ond range of qualifications and memberships. and eslabli5h an international footprint. We will build our capacity by... Upgrading FOM'S digital infrostructure to include a new websile and resource5. Recruiling and retaining sufficient volunteers and stoff to support growth. Reviewing the governance of, and engagement with, commitlees. We will consolidate financlal resilience and encourage knowledge sharing by... Optimi5ing investments and updating FOM'S suslainable reserves policy. Reviewing and enhancing member benefils. Introducing new approaches lo sharing ideas and leorning. FINANCE REVIEW Performance during the year Trustees are pleased to report Ihat FOM achieved a surplus in 2024 of £238.01112023: £255,112). Over the last 6 years, FOM has remained in surplus. allowng the Faculty to build ils reserves so thal can invest with confidence in increasing ils capacity. modernising its online infrostructure, supporting the seclor, and widening the chority's influence lo meet its societal objectives. Income received in 2024 was £1.559.797 up 3% or on the previous year12022: £1,515,334), which was broadly in line with budgel expectations. Expenditure increased by 5% as a result of inflation. Income from membership subscriptions in 2024 fell slightly I l%}, while income from qualifications remained steady. The 3% reduction in SEQOHS income in 2023. attribvted mainly to organisalions delaying applications due to the SEQOHS Standards review, was reversed in 2024 which saw on increase of 13 3% at a lime when all SEQOHS training and development sessions for applicants were offered free of charge. Prior to 2024, some SEQOHS training and development were charged for. Income diversification in 2024 was 25% membership. 25% qualificalions. 36% SEQOHS. 8% revalidotion and 6% other. The Boord wll review income diversificalion again in 2025. In 2025 inveslment in the FOM will include a major investment in the design and implementation of a new website and membership database, improving member experience and access to information, and increase FOM'S operational efficiency. Reserves At 315t December 2024. FOM had total funds of £3.116.78012023: £2.878.7691. Of this total. £75.432 12023: £76.1711 are restricled funds and nol available for general purposes. Due to the investment in the long leasehold building. at Ihis time the charity has free reserves of £1,715,569 12023: £1.450,402}. Free reserves are unrestricted funds, excluding those elements that can only be realised by di5P05ing of langible or intangible fixed assets or money sel aside for future aclivities. Following Board opproval. in 2024 some funds were moved to higher interest accounts selected because, although not instant access, they still allow access within a relatively short period of lime and are low risk. This almost doubled inlere5t payments received by the Faculty from £29.578 in 2023 10 £56.301 in 2024. During 2024. the Board also decided Ihal il wll place the FOM premises. owned in Greenwich. up for sale. Depending on the oulcome of this. the Board of Trustees will consider its long-term office location, review the Reserves Policy, and obtain oppropriate professional advice. The FOM currently leases office space at i st Andrews Place, London. within the eslale of the Royal College of Physicians (London). The premises owned by the FOM in Greenwich are free from any morlgage and the Faculty h05 re-paid all bank loans taken out against this property. Pension AII FOM 51aff are aulomalically enrolled on a pension scheme. in line ￿th legislation regarding workplace pensions. The scheme used is The People's Pension. which is a defined contribution scheme. Thus, no pension liabilities will arise from ils continuing implementation. Budget 2025 In December 2024. the Board of Trustees opproved 0 2025 budget which sets an income target of £1,518,325 and a budgeted expenditure of £1.503.446. The 2025 budget was drafted using a zero- based budgeting approach that requires all expenses lo be fully justified for each new budget period. and functions within FOM are analysed based on importance and cosl. The 2025 budgeted surplus is £14,879, based on no increase lo membership subscriptions since 2017. 14 Golng Concern In reviewing FOM os a going concem. the Trustees have considered operations. income, expenditure and luluTe cash flow of the charity, including areas where there may be uncertainty or delays in future receipts of income. and have considered polenfial mitigations. Budgets and a C05h flow forecasl have been prepared through lo June 2026. and sensiliwly analysi5 performed on key assumptions. The financial forecosling indicales Ihat the cash ieserve5 are adequale lo meet the charity's obligations as they fall due. Trustees remain of the opinion Ihat Ihere are no malerial uncertaintie5, that the going concern assumption rernains appropriate. and that the financial statements can continue to be prepared on this ba51S. AWARDS. PRIZES and FELLOWSHIPS Awards and prizes are usually presented in the year following ochievemenl. Peter Taylor Award The Peter Taylor Award is given to the candidatelsl who have undertaken reseorch which. in Ihe opinion of an academic panel. is outslanding. Dr Alice Rutter Wllllam Taylor Award In 1994 the Faculty established a memoriol ￿nd in memory of fhe late Professor William Taylor, one of the FOM'S mosl distinguished Fellows. The fund is used to provide an examination prize to be presented each year lo Ihe candidate who. al the firsl atlempl, passes all seclion5 of the Part 2 MFOMIAFOM examinalion and atlains the highest overall matk. Dr Anneka Varma Dlploma In Occupational Medicine {DOccMed) Award Dr Arthur Bo￿OW Dlploma In Occupational Heollh Practlce (DipOHPrac) Award Lauren Fosler-Thompson 15 Honorary Fellow Professor Kevin Fenton CBE Andrew Walker Fellows (FFOM) Dr Mark Ferns Dr Yousef Habbab Dr Dominic Haseldine Dr Robbert Heimanns Dr Gordon Jackson-Koku Dr Manowar Khan Dr Etschen Kotze Dr John Steiland Dr Aingarapillai Samuel Thayalan Dr Jacqueline Thomson Members (MFOM) Dr Malachy Abah Dr Sunila Hema Babu Dr Theo Booker Dr Jacqueline FurLeland Dr Kadambari Gokhale Dr Emil Hinov Dr Rose How Major Charles Lampl Dr Kalhleen Lin Dr Mary Margarel McBride Dr Shairano Naleem Dr Oladapo Oladele Oloyinka Dr Amy Pickles Dr Emily Kathleen Rawle Dr Andrew Sproston Dr Josef Wallace Dr Kirsty Wilson Dr Loren Zelic 16 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees Iwho are olso direclois of the Faculty of Occupational Medicine for the purposes of company lawl are responsible for preparing Ihe Trustees, Report and the finonciol statements in accordance with applicoble law and Uniled Kingdom Accounling Slandards Iuniled Kingdom Generolly Accepled Accounting Practice). Company law requires Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of the affairs of Ihe charitable company and of the incoming resources and application of resouices, including Ihe income and expendilure. of the charitable company for Ihat period. In preparing these financial slolements. the Trustees are required lo: select suitable occounting policies and then apply Ihem consistently: observe the methods and principles in the Charities Slalemenl of Recommended Practice ISORPI,. makejudgements and estimates Ihal are reasonable and Prudent: stale whether opplicable UK Accounting Slandards have been followed, subject to any material departures disclosed ond explained in the financial stotements- and prepare the financial slolemenls on the going concern basis unless It Is inappropriate lo presume thol the choriloble company WFII continue in business. The Trustees are responsible for keeping proper accounting records Ihat ale sufficient to show ond explain the charitable company's transaclions and disclose wth reasonable occuracy al any time the financial position of the charitable company and enable them to ensure that the financial stalements comply wilh Ihe Companies Act 21)06. Ihe Charities and Truslee Investmenl Iscotlandl Act 2005 and regulations 6 and 8 of the Charilies Accounts Iscollondl. They are also responsible for soleguarding the assels of the charity ond hence lor laking reasonable sleps for the prevenlion and detection of fraud and other I￿egUlarl11e5. In so far as the Trustees are aware: there is no relevant audil information of which the charitable company's auditor is unaware; and the Trustees hove taken oll steps thal they ought to have taken to make themselves aware of any relevanl avdit informalion and lo eslablish that the auditor is aware of that informalion. The Truslees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. 17 Legislation in the United Kingdom governing the preparalion and dissemination of financial slatements may differ from legislation in olherjurisdictions. AUDITORS Griftin Slone Moscrop & Co has indicated ils willingness to be appointed as statutory auditor. This report has been prepared taking advantage of Ihe exemptions avoilable under the provisions of the Companies Act 2006 applicable to small companies. APPROVED by the Truslees and directors on 181hSeptembei 2025 and signed on their behalf by: Dr Robin Cordell 18 Independent Audtior's Report lo the Members and Trustees of the Facully of Occupatlonal Medlcine Oplnlon We have audited the financial 5talemenls of the Faculty of Occupalionol Medicine for the year ended 31 December 2024 which comprise the Slalemenl of Financial Activities. Stalemenl of Financial Position. Cash Flow Slalemenl and notes lo the financial stalements, including significant accounling policies. The financial reporting Iramework Ihat has been applied in their preparation is applicable law ond United Kingdom Accounting Slandards. including Financial Reporling Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelond (Uniled Kingdom Geneially Accepted Accounting Procticel. In our opinion the financial sfalements: give a Irue and faiT view of the stote of Ihe choritable company's affairs as at 31 December 2024 and of ils incoming resources and application of resources. including ifs income and expenditure. for the year then ended: have been propedy prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice; and have been Prepared in accordance with the requiremen15 of the Companies Act 2006 and the Chorities and Trustee Investment Iscollandl Act 2005 and Regulations 6 and 8 of Ihe Charilies Accounts Iscollandl Regulalions 2006. Basis for oplnion We conducted our audit in accordance wilh Inlemalionol Stondords on Audiling IUKI IISAS IUKII ond applicable low. Our responsibilities Under those standards are further described in the Auditor's responsibilities for the audit of the financial stotements seclion of our report. We are independent of the charitable company in accordance with Ihe ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our olher ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating lo going concem In audiling Ihe financial statements. we have concluded Ihat the Irustee's use of Ihe going concern bosis of accounting in the preparation of the financial stotemenls is appropriate. Bosed on the work we have performed. we hove nol idenlified any material uncertainties relating lo events or conditions thal, individually or collectively. may cast significanf doubt on the charitable company's ability to continue os a going concem fora period of al leasl twelve months from when the finonciol statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern ore described in the relevant sections of this report. 19 Olher information The trustees are responsible for the olher information contained wilhin the annual report. The other information comprises Ihe information included in Ihe annual report. other than the financial statemenls and our audilor's reporl fhereon. Our opinion on Ihe financiol statemenls does not cover Ihe other inlormolion and. except to the extenl olhetwse explicitly stated in our report, we do nol express any form of assurance conclusion thereon. Our responsibility is to read the other informalion and. in doing so. consider whether the other informalion is rnaterially inconsistenl wilh Ihe financial slolemenls or our knowEedge obtained in the audit or otherwse appears lo be malerially misslaled. If we idenfify such material inconsislencies or opparent material misstotements, we ore required lo delermine whether this gives rise lo a malerial misstatement in the financial statements themselves. If. based on the work we have performed, we conclude thal there is a material misstatement of this other information. we ore required to reporl thal facl. We hove nothing lo reporl in this regard. Oplnlons on other mattels prescribed by the Companles Acl 2006 In our opinion based on the WOTk undertaken in the course ot our audit the inlormotion given in the trustees. report. which includes the directors, report and the 51ralegic report prepared for the purposes of company law. for the financial year for which the financial statements are prepared is consistent with the financial stotements,. and the strategic report and the directors. reporl included wthin the Ifuslees, report have been prepared in accordance with applicable legal requirements. Matters on which we are requlred lo report by exceplion In light ol the knowledge and understanding of the charitable company and their environment obtained in the course ol the audit, we have nol identified material mi55talements in the directors, report included within the tTUStees' reporl. We have nothing to reporl in respect of Ihe followng mallers in relation to which the Companies Act 2006 and the Charities Accounts (Scollandl Regulations 2006 requires us to report lo you if, in our opinion: odequate and proper accounting records have nol been kept; or the financial slalements are not in agreemenl with Ihe accounting records and returns.. or certain di5cIosures of ITVStee5' remuneration specified by law are nol made,. or we have not received all the informotion and explanations we require for our audil. Responslbililles of Trustees As explained more fully in the trustees, responsibilities slalement. the trustees (who are also the directors of the charilable compony for the purposes of company lawl are responsible for the preparation of Ihe financial statements and for being satisfied thal they give a true and lair view. and for such internal control a5 the Irustees delermine is necessary to enable the preparation of 20 financial statements Ihal are tree from material misslatement, whether due to fraud or error. In preparing the financial stotements. the trustees are responsible for osse55ing the charitable company's ability to continue os a going concem, disclosing, as opplicable. matters related to going concern and using the going concern basis of accounting unless the Iru5tees eilher inlend to liquidate the charitable company or to cease operalions. or have no realistic alternative but to do so. AuditOT'S responslbllllles for Ihe oudil ol the financial statemenfs Our objec*ives are to obtain reosonable assurance aboul whelher the financiol statements as a whole are free from material misslotement. whether due to fraud or error. ond lo issue an audilors, report Ihot includes our opinion. Reasonable assurance is a high level ol assurance. bul is not a guarantee Ihat an audit conducted in accordonce wlh ISAS {UKI will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregale, they could reosonably be expected to influence Ihe economic decisions of users laken on the basis of these financiol statements. Irregularities, including troud. are inslances of non