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2024-03-31-accounts

Company Registration No. 07266955 Charity No. 1140616

British Association of Urological Nurses

Company Limited by Guarantee

Unaudited financial statements for the year ended 31 March 2024

British Association of Urological Nurses Company Limited by Guarantee For the year ended 31 March 2024

Page
Trustees' Annual Report (Incorporating the Director's Report) 1-7
Independent examiner's report 8-9
Statement of financial activities (including Income and Expenditure account) 10
Statement of financial position 11
Notes to the financial statements 12-18

British Association of Urological Nurses Company Limited by Guarantee For the year ended 31 March 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details Reference and administrative details
Registered charity name British Association of Urological Nurses
Charity number 1140616
Company number 07266955
Trustees Emma Chappel
Tina Gehring
Sarah Hillery
Rachel Skews (resigned 20 November 2023)
Pauline Bagnall
Kelly Leonard
Anthony Shanahan
Clare Waymont (resigned 20 November 2023)
Adele Brodie
Helen Lake (resigned 29th January 2024)
Leanne McLaughlin (resigned 12th August 2024)
Carmen Hayes (appointed on 20th November 2023)
President Emma Chappel
Secretary Kelly Leonard
Registered office 71 Queen Victoria Street
London
England
EC4V 4BE
Principle office Fitwise Management Limited
Blackburn House
Seafield
West Lothian
EH47 7AQ
Solicitors J F Dawson
34 Tisworth Road
Beaconsfield
Buckinghamshire
HP9 1TP
Independent examiner Kenneth McDowell CA
Saffery LLP
9 Haymarket Square
Edinburgh
EH3 8RY

Page 1

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Structure, governance and management

The British Association of Urological Nurses (BAUN) is both a company limited by guarantee, incorporated on 27th May 2010, and a registered charity with effect from 01 March 2011. BAUN was founded in 1995, 2020 is BAUN’s 25th year of the association, it is a professional membership association for the promotion of education in urological nursing and urological patient care.

The BAUN Trustees are the management group responsible for the daily management of the association and consists currently of members who are both directors under the companies act, as well as trustees under the charities act. It acts as both the professional body in the provision of education to its members and the business arm of the association. BAUN council derives its authority from the membership and from the ratification of the business plan at the association’s annual general meeting. Annual General Meetings are held on a yearly basis during annual conference.

BAUN Trustees host council meetings four times per year. Trustees are elected onto the council by postal or electronic ballot by the full voting membership. The officers of the association are elected by the current trustees. The office of president is elected by postal or electronic ballot of all members of the association. BAUN council must comprise of at least 3 trustees.

Objectives and activities

The charity’s objects are specifically restricted to the promotion of the advancement of education in Urological Nursing and Urological patient care.

Every trustee is personally responsible and accountable for the prudent management of the assets of the association and is required to work prudently in the interests of the charity. An annual return of accounts and activities is required and provided in the production of proper accounting records which disclose the reasonable accuracy, at any time during the financial year, the financial position of the charity. All such records relating to financial statements must comply with existing legislation and the association meets all its obligations in this respect.

The aims of the association a charitable company, limited by guarantee as set out in the memorandum and articles of the association require the trustees / directors to discharge their responsibilities under the charities act 1996 and the companies Act 1996.

The BAUN aims are to: ­

1)Help to improve the care of urological pa�ents in all healthcare se�ngs

2)Organise conferences, courses of instruc�on, exhibi�ons, lectures and other educa�onal ac�vi�es

3)Provide and procure educa�onal materials including guidelines, websites, newsle�ers and an interna�onal urological nursing journal for BAUN members

4)Provide personal development opportuni�es for BAUN Members through involvement in running the associa�on

5)Work collabora�vely with other organisa�ons and exchange informa�on and advice with them to the benefit of pa�ents

6)Promote, encourage, carry out or commission research, surveys, studies or other work, making the useful results available

7)Alone or with other organisa�ons na�onally and interna�onally seek to influence the urological healthcare agenda

Page 2

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Objectives and activities (continued)

The BAUN Values are:

The top 5 objectives for BAUN were:

Achievements and performance

Core Activities

In addition to the President objectives the Core Activities of the association are:

  1. Annual Conference

  2. Educa�onal Programme

  3. BAUN Newsle�er

  4. BAUN Journal ­ Interna�onal Journal of urological Nursing.

Other Aims

BAUN Annual conference and exhibition 2023 took place at the Liverpool ACC, 19 – 21 November 2023. with 285 registered delegates; 58 exhibitors and 35 abstract submissions. 93% of delegates felt that the Conference met their expectations and 91% would recommend the BAUN conference to their colleagues.

Page 3

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Achievements and performance (continued)

Future of BAUN

BAUN held their first face to face Trustee meeting in April 2023 since pre pandemic. This day prior to the meeting involved team building and an external trainer providing insight into communication styles. Trustees found this useful to recognise their communication styles with one another, but also members and contributors. Four meetings per year are planned going forward with 2 virtual and 2 face to face meetings, plus meeting at the annual conference.

BAUN’s membership stood at 910 as of January 2024, there were 825 members as of 31 March 2023. BAUN continue to enhance members benefits by offering free webinars and Facebook live events.

BAUN Educational programme BAUN continue to host virtual education out with the annual conference, the Education committee have confirmed a face­to­face event in June 2024.

BAUN Newsletter continues to be fully digital, this is produced quarterly to its members, which provides up to date news on topical issues. lt generates income from advertising which finances the cost of producing the newsletter. This continues to be popular with members and enable a 2­way form of regular communication. The newsletter continues to be of immense credit to BAUN and a product to be proud of.

The association provides the publication of The International Journal of Urological Nursing (IJUN) to its members. ln 2023 BAUN signed a new publication agreement with Willey, the income from sponsorship paid for the cost of the journal for the first time. The journal is flourishing worldwide with a new editorial committee being integrated. Trustees are committed to ensure that the journal continues to be fit for purpose and meet the needs of the members and non­ members of the association.

Page 4

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Financial Review

For the year beginning 1 April 2023, the opening funds started the year with a surplus balance of £122,158 and ended the year with a balance of £268,209 as a result of a £146,051 surplus for the year.

Included in the above, restricted funds totalled £15,349 and included; Bruce Turner Legacy Fund £13,993 Catherine Atkin Memorial Fund £1,356

The main contribution to the surplus was the success of the BAUN annual conference and exhibition, this generated a surplus of £127,226, which will be used to reinvest in BAUN activities.

At the beginning of the financial year for 2020/21 it was envisaged that BAUN would continue to keep monies in the investment, this is a low risk approach as outlined in BAUN M&A's. The balance of funds invested with St James Place Wealth Management was £22,690 as at 31st March 2024. BAUN are considering whether to move this investment to a medium risk.

Charitable donation of £10,000 from Cure to enable BAUN to progress with a new Website. The total cost is estimated to be around £15,000.

BAUN continue to host the IJUN virtually, which continues to be a cost saving from the previous hard copy issues. The income from Royalties is £18,084 as at 31st March 2024.

BAUN continued to closely monitor the cash flow situation and took actions to avoid this dropping. Actions included; maximising credit terms and agreeing payment plans where possible.

The management company representing us continued to help us draw up cash flow projections on a regular basis, and regular finance meetings are held with the BAUN treasurer. This helps BAUN to plan for their strategic aims in a staged way.

Risk Management

BAUN trustees and directors have previously discussed the nature of BAUN potential risks and to ensure continuous improvement the risk register is reviewed at each quarterly board meeting

A monthly financial reporting process ensures that the directors and trustees are kept up to date with income and expenditure and are in a good position to pick up quickly on financial trends. Insurance is taken out to cover activity especially in respect to the annual conference.

Page 5

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Trustee Activities

BAUN highlighted 5 key objectives to achieve between 1 April 2023 and 31 March 2024

1.Succession planning for trustee roles

Role profiles have been reviewed by Trustees to ensure they are fit for purpose. Trustees identified where there were deputy leads required and these were implemented, with a new deputy treasurer, deputy education and deputy conference lead introduced.

2.Create new BAUN website

BAUN placed a tender call for website developers and following interviews, Pink Marketing, were appointed as the new developer. BAUN Trustees are working with PINK to develop an engaging and inclusive website, with external parties consulted on the content. BAUN were able to secure a grant from CURE to part fund this new development.

3.Fundraising plan with Nova Fundraising

BAUN worked with Nova Fundraising to assess their access to fundraising opportunities and to review how they currently promote their own fundraising efforts. Anthony Shanahan has been appointed as the Fundraising Lead and continues to engage with Nova Fundraising.

4.Equality, Diversity & Inclusion policy

BAUN achieved their objective of producing an Equality, Diversity and Inclusion Policy. This objective will remain in place for 2024 – 2025 with a new co­opted Trustee in place to lead on implement the policy.

5.Engagement with other organisa�ons including interna�onal

BAUN Trustees have been actively engaging with charities and international organisations, BBUK, ACP, ANZUNS, EAUN, BAUS, PCUK, PCR.

BAUN has representation with the following organisations

ACP Conference NATIONAL PROSTATE CANCER AUDIT CRG
ANZUNS Conference NICE
APPG CONTINENCE, APPG MANIFESTO PCRMP SCIENTIFIC REFERENCE GROUP
APPG MALE CANCER PCUK ACTIVE SURVEILLANCE GROUP
BAUN/TUF Study Day PCUK ADVISORY GROUP
BAUS Conference PCUK EDUCATION GROUP
BAUS council meeting PCUK POLICY & STRATEGY GROUP
BJN Awards ceremony SUNA Conference
British Urology Group (BUG) Urology News
DRIPPP UTA – PARLIAMENTARY MEETING
EAUN Conference AfPP ­ Association for Perioperative Practice
EFUN SWUNG ­ South Wales Urology Nursing Group
Fight Bladder Cancer Welsh Urology
Action Bladder Cancer National Prostate Cancer Audit
GIRFT PCUK
IAUN Conference Continence Advisory Board
Kidney Cancer UK

Page 6

British Association of Urological Nurses Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) For the year ended 31 March 2024

Top 5 priorities for April 2024 – March 2025

Trustee’s responsibilities statement:

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for the period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption. The trustee’s annual report was approved on and signed on behalf of the board of trustees by: ­

Emma Chappel BAUN President

Page 7

Company Limited by Guarantee Independent examiner’s report For the year ended 31 March 2024

British Association of Urological Nurses

I report to the charity trustees on my examination of the financial statements of the Charity for the year ended 31 March 2024.

Respective responsibilities of trustees and examiner

As the charity’s trustees of the Company (and 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.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I confirm that I am qualified to undertake the examination because I am a member of the The Institute of Chartered Accountants of Scotland. 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:

• accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

• the accounts do not accord with those records; or

• the accounts do not comply with the accounting 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

• 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.

Page 8

British Association of Urological Nurses Company Limited by Guarantee Independent examiner’s report (continued) For the year ended 31 March 2024

Use of our report

This report is made solely to the charitable company’s members and the trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our examination has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members and trustees as a body, for our examination, for this report, or for the opinions we have formed.

Kenneth McDowell CA Saffery LLP Chartered Accountants

12 December 2024

9 Haymarket Square Edinburgh EH3 8RY

Page 9

British Association of Urological Nurses

Statement of Financial Activities (including Income and Expenditure account) For the year ended 31 March 2024

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds funds 2024 2023
Notes £ £ £ £
Income and endowments
Donations and legacies 3 14,864 ­ 14,864 9,297
Charitable activities 4 535,681 ­ 535,681 428,279
Total income 550,545 ­ 550,545 437,577
Expenditure on:
British Association of Urological Nurses 5 406,142 ­ 406,142 354,728
Other expenditure ­ 488 488 ­
Total expenditure 406,142 488 406,630 354,728
Net losses/(gains) on investments 8 (2,135) ­ (2,135) 1,010
Net income 146,539 (488) 146,051 81,839
Transfers between funds ­ ­ ­ ­
Net movement in funds 146,539 (488) 146,051 81,839
Reconciliation of funds
Total funds brought forward 106,321 15,837 122,158 40,319
Total funds carried forward 252,860 15,349 268,209 122,158
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Page 10

British Association of Urological Nurses

Statement of financial position

For the year ended 31 March 2024

----- Start of picture text -----
2024 2023
Notes £ £ £ £
Fixed assets
Tangible fixed assets 7 102 121
Investments 8 22,689 20,554
22,791 20,675
Current assets
Debtors 9 152,348 90,707
Cash at bank and in hand 213,826 138,619
­ ­
British Association of Urological Nurses 366,175 229,326
Creditors: amounts falling due within one year 10 120,756 127,843
Net current assets 245,418 101,483
Total assets less current liabilities 268,209 122,158
Net assets 268,209 122,158
Funds of the charity
Restricted funds 15,349 15,837
Unrestricted funds 252,860 106,321
Total charity funds 11 268,209 122,158
----- End of picture text -----

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of trustees and authorised for issue on and are signed on its behalf by:

Emma Chappel

President

Company Registration No. 07266955

Page 11

British Association of Urological Nurses

For the year ended 31 March 2024

1. Accounting Policies

Company information

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England. The address of the registered office is Brambles Bere Farm Lane, North Boarhunt, Fareham, POI 7 6JJ, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) ­ Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Income and expenditure

Income representing membership subscriptions, sales of conference tickets and exhibition space, interest and branch income receivable is accounted for on an accruals basis. Donations and gift aid claims are recognised on receipt of proceeds.

Resources expended are included in the statement of financial activities on an accruals basis.

All costs have been directly attributed to one of the functional categories of resources expended in the statement of financial activities as follows:

Charitable activities

These are costs relating to expenditure on preserving and maintaining the assets of the charity and the associated trade.

Other expenditure

These are costs associated with the running of the regional branches of the charity.

1.4 Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short­term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Page 12

British Association of Urological Nurses

For the year ended 31 March 2024

1. Accounting Policies (continued)

1.5 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment 15% reducing balance

Investments

Listed equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash­generating unit to which the asset belongs. The cash­generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

1.6 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7 Fund accounting

The funds of the charity are held in unrestricted and restricted funds. Unrestricted funds represent funds which can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds represent funds which must be used in accordance with the specific objectives that were laid out by those parties providing the funds to the charity.

1.8 Taxation

The company is a registered charity and is not liable for United Kingdom income tax or corporation tax on charitable activities.

2. Limited by guarantee

British Association of Urological Nurses is a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Page 13

British Association of Urological Nurses

For the year ended 31 March 2024

Legacies
Catherine Atkin Memorial Fund income
Sponsorship
Awards sponsorship
Trustees meeting sponsorship
AGM and conference income
E­Conference sponsorship
Advertising income
Members subscriptions
Corporate subscriptions
3. Income from donations and legacies
4. Charitable activities		 2024
£
­
10,000
4,864
14,864
2024
£
411,655
­
34,615
58,910
30,500
535,681		 2023
£
250
­
9,047
9,297
2023
£
320,426
­
37,786
44,317
25,750
428,279

Page 14

British Association of Urological Nurses

For the year ended 31 March 2024

Charitable activities
Conference expenses
Education
Newsletter
Membership
Direct mailing & website costs
Support costs
Support costs
General office
Governance costs
Administration
Printing, postage, advertising & stationery
Book­keeping
Irrecoverable VAT
Insurance
Depreciation
Bad debt write off
Fees payable to the independent examiner for:
Independent examination of the financial statements
Cost:
At 1 April 2023 and 31 March 2024
Depreciation:
At 1 April 2023
Charge for the period
At 31 March 2024
Net Book Value:
As at 31 March 2024
As at 31 March 2023
7. Tangible Fixed Assets
5. Expenditure on charitable activities
6. Independent examination fees		 Unrestricted
Restricted
Total 2024
£
£
£
284,429
­
284,429
3,333
­
3,333
7,446
­
7,446
9,658
­
9,658
8,714
­
8,714
92,563
­
92,563
406,142
­
406,142
14,099
5,350
54,715
495
­
14,651
3,234
18
­
92,562
Total 2024
£
5,350
Fixtures & fittings
£
1,012
891
19
910
102
121		 2023
£
243,810
­
8,211
22,490
3,001
77,216
354,728
4,978
4,215
36,794
4,311
6,089
17,767
3,039
23
­
77,216
2023
£
4,215
Total
£
1,012
891
19
910
102
121

Page 15

British Association of Urological Nurses

For the year ended 31 March 2024

8. Investments

Valuation 1 April 2023
Fair value movements
Disposals
Valuation 31 March 2024
Trade debtors
Prepayments & Accrued Income
Other debtors
Trade creditors
Accruals & deferred income
Other creditors
Social security & other taxes
Analysis of deferred income account
Memberships
Conference
9. Debtors
10. Creditors: amounts falling due within one year		 Total 2024
£
118,407
30,631
3,309
152,348
Total 2024
£
12,853
107,818
86
­
120,756
35,889
66,546
102,435		 Other investments
£
20,554
2,135
­
22,689
2023
£
72,515
18,192
­
90,706
2023
£
10,012
112,481
­

5,350
127,843
41,851
48,786
90,637

During the year brought forward deferred income of £90,637 was released to the statement of financial activities and a further £101,778 of income was deferred.

Page 16

British Association of Urological Nurses

For the year ended 31 March 2024

11. Analysis of charitable funds

----- Start of picture text -----
As at 1 April
Income Expenditure Transfers Gains and losses As at 31 March 2024
2023
£ £ £ £ £ £
Unrestricted funds
General funds
106,203 550,545 (406,116) ­ 2,135 252,768
assetsDesignated funds ­ Fixed 118 ­ (26) ­ ­ 92
106,321 550,545 (406,142) ­ 2,135 252,860
Restricted funds
Bruce Turner Legacy Fund 14,481 ­ (488) ­ ­ 13,993
Catherine Atkin Memorial 1,356 ­ ­ ­ ­ 1,356
15,837 ­ (488) ­ ­ 15,349
122,158 550,545 (406,630) ­ 2,135 268,209
----- End of picture text -----

Bruce Turner Legacy Fund: This fund is a restricted fund to be used for training. Catherine Atkin Memorial fund: This fund is to be used for support the EFUN Educational project

12. Transactions with trustees

No trustees received remuneration in the year.

Travel and subsistence expenses reimbursed to trustees or paid directly to third parties totalled £1,432 (2023:£ 1,432 ).

13. Analysis of net assets between funds

Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets		 Unrestricted
funds
Restricted
funds
Total Funds 2024
£
£
£
102
­
102
7,340
15,349
22,689
366,175
­
366,175
(120,756)
­
(120,756)
252,860 15,349 268,209		 Total Funds 2023
£
121
20,554
229,326
(127,843)
122,158

14. Company limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up while he or she is a member, or within one year after he or she ceases to be a member, is limited to £1.

Page 17

British Association of Urological Nurses

For the year ended 31 March 2024

15. Going concern

At the date of approval, the trustees have prepared and approved up to date management accounts, budgets and cash flow projections which include key income and cost assumptions that the trustees consider reasonable and prudent.

Having considered the matters above the trustees are of the view that, at the date of approval of the financial statements, the charity will have sufficient resources to continue to operate and meet debts as they fall due for the foreseeable future. The financial statements have therefore been drawn up on a going concern basis.

Page 18