DocuSign Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174
REGISTERED COMPANY NUMBER: 07291886 (England and Wales) REGISTERED CHARITY NUMBER: 1140786
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2021
for
British Society of Skeletal Radiologists
APC Accountancy Chartered Accountants Queens Court Business Centre Newport Road Middlesbrough TS1 5EH
DocuSign Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174
British Society of Skeletal Radiologists
Contents of the Financial Statements for the Year Ended 30 June 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
DocuSign Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174
British Society of Skeletal Radiologists
Report of the Trustees for the Year Ended 30 June 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
BSSR Limited is also known as The British Society of Skeletal Radiologists.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objective of the charity is the advance of education for the public benefit in the field of musculoskeletal imaging.
The charity achieves this by:
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Encouraging the study and improve the standard of knowledge of imaging of the musculoskeletal and allied systems;
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Providing advise in the practice and training of musculoskeletal imaging; and
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Arranging scientific meetings on topics of interest in the field of musculoskeletal imaging.
The charity's activities are deemed to be for the public benefit by increasing the skills and experience of skeletal radiologists who treat menbers of the general public.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year 2020/21, the society held an online conference which was postponed from the previous year due to the COVID pandemic. The conference was well supported by both members and non members. The first ever BSSR trainee conference was held in July 2021, organised by two of our trainee members, This conference was free to register and saw over 450 people online watching the lecture series.
The AGM was held in November in London with some COVID restrictions remaining in place, the number of attendees was smaller than in previous years and totalled 73.
The Travelling Professor Post for 2021/22 which is jointly awarded by the BSSR and the RCR was awarded to Dr Tom Marshall from Norfolk and Norwich NHS Trust. The BSSR fund 50% of the value of the award which constitutes £5000.
The society once again, funded a prize of £100 for the society of Radiologists in Training Annual Meeting.
As in previous years, the society has outsourced administration and secretarial services to Biomedex to ensure the smooth running of the society. Biomedex also help with administration related to the website.
FUTURE DEVELOPMENTS
The society will strive to provide further educational resource and content to the members through both face to face and online initiatives. Following on from the March 2021 virtual members meeting, the society held the first face to face meeting in over 2 years in November 2021 in London. A further face to face 2 day meeting is planned in March 2022 in Oxford with both an open and members only section to the course.
Website development is now almost complete but the Education and Training page of the site is still underway and the plans include monthly webinar teaching sessions, collaboration with other societies and podcast productions covering recent research work in the field of Musculoskeletal Radiology. The first of these have been recorded are awaiting upload to the site.
Links continue with the Royal College of Radiologists, the International Skeletal Society and the European Society of radiology. The BSSR will host a session at the ISS meeting in London in 2023.
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British Society of Skeletal Radiologists
Report of the Trustees for the Year Ended 30 June 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The governing instrument under which the company operates its Memorandum & Articles of Association.
The directors are treated as trustees for Charities Act Purposes.
Recruitment and appointment of new trustees
The trustees of the charity constitute directors of the company for the purposes of company law. This report is also the directors' report as required by Sections 415 to 418 of the Companies Act 2006.
New trustees are appointed by either the existing trustees as and when a casual vacancy arises and are then formally appointed by the members in general meeting or by the members in general meeting.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07291886 (England and Wales)
Registered Charity number
1140786
Registered office
APC Accountancy Limited Queens Court Business Centre Newport Road Middlesbrough Cleveland TS1 5EH
Trustees
Dr P Robinson (resigned 20.11.20) Dr W J Rennie (resigned 20.11.20) Dr R S D Campbell Dr R K Lalam (resigned 12.11.21) Dr T Muthukumar Treasurer (appointed 24.9.20) Dr E Rowbotham (appointed 12.11.21)
Independent Examiner
Andrew Curran BSc FCCA ACA APC Accountancy Chartered Accountants Queens Court Business Centre Newport Road Middlesbrough TS1 5EH
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British Society of Skeletal Radiologists
Report of the Trustees for the Year Ended 30 June 2021
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 29 March 2022 and signed on its behalf by:
Dr R S D Campbell - Trustee
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Independent Examiner's Report to the Trustees of British Society of Skeletal Radiologists
Independent examiner's report to the trustees of British Society of Skeletal Radiologists ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Curran BSc FCCA ACA APC Accountancy Chartered Accountants Queens Court Business Centre Newport Road Middlesbrough TS1 5EH
29 March 2022
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British Society of Skeletal Radiologists
Statement of Financial Activities for the Year Ended 30 June 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations 2,500 Charitable activities 2 90,612 Investment income 3 1,833 Total 94,945 EXPENDITURE ON Raising funds 65,649 NET INCOME 29,296 RECONCILIATION OF FUNDS Total funds brought forward 239,621 TOTAL FUNDS CARRIED FORWARD 268,917 |
Restricted fund £ - - - - - - - - |
30.6.21 Total funds £ 2,500 90,612 1,833 94,945 65,649 29,296 239,621 268,917 |
30.6.20 Total funds £ 2,500 54,088 - 56,588 52,628 3,960 235,661 239,621 |
|---|---|---|---|
The notes form part of these financial statements
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British Society of Skeletal Radiologists
Balance Sheet 30 June 2021
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 - Cash at bank 297,400 297,400 CREDITORS Amounts falling due within one year 9 (28,483) NET CURRENT ASSETS 268,917 TOTAL ASSETS LESS CURRENT LIABILITIES 268,917 NET ASSETS 268,917 FUNDS 10 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - |
30.6.21 Total funds £ - 297,400 297,400 (28,483) 268,917 268,917 268,917 268,917 268,917 |
30.6.20 Total funds £ 2,000 320,710 322,710 (83,089) 239,621 239,621 239,621 239,621 239,621 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
continued...
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British Society of Skeletal Radiologists
Balance Sheet - continued 30 June 2021
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 29 March 2022 and were signed on its behalf by:
R S D Campbell - Trustee
T Muthukumar - Trustee
The notes form part of these financial statements
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British Society of Skeletal Radiologists
Notes to the Financial Statements for the Year Ended 30 June 2021
1. 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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
2. CHARITABLE ACTIVITIES
| 2. | CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 30.6.21 | 30.6.20 | ||
| £ | £ | ||
| Membership subscriptions | 34,046 | 48,019 | |
| ESSR subscriptions | - | 4,499 | |
| Course and conference fees | 56,566 | 1,570 | |
| 90,612 | 54,088 | ||
| 3. | INVESTMENT INCOME | ||
| Interest receivable | 30.6.21 £ 1,833 |
30.6.20 £ - |
|
continued...
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British Society of Skeletal Radiologists
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
Expenses for the reimbursement of the costs of trustees' travel to executive meetings were paid during the year and are included in executive committee expenses that amounted to £100 (2020: £2,108).
5. STAFF COSTS
The charity employs no members of staff. Therefore it has no employees with emoluments above £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations 2,500 Charitable activities 54,088 Total 56,588 EXPENDITURE ON Raising funds 52,628 NET INCOME 3,960 RECONCILIATION OF FUNDS Total funds brought forward 235,661 TOTAL FUNDS CARRIED FORWARD 239,621 |
Restricted fund £ - - - - - - - |
Total funds £ 2,500 54,088 56,588 52,628 3,960 235,661 239,621 |
|---|---|---|
7. ESSR SUBSCRIPTIONS AND DONATIONS
The charity offers subscriptions for the European Society of Musculoskeletal Radiology (ESSR). The charity collects these subscriptions and passes them on to ESSR on an annual basis in the form of donations. This income and expenditure will always balance over time.
continued...
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DocuSign Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174
British Society of Skeletal Radiologists
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 30.6.21 | 30.6.20 | ||
| £ | £ | ||
| Other debtors | - | 2,000 | |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses |
30.6.21 £ - 28,483 |
30.6.20 £ 49,023 34,066 |
| 28,483 | 83,089 |
Accrued expenses include the cost of accountancy £1,800 (2020: £1,800), amounts due to ESSR in respect of subscription fees collected on their behalf of £16,683 (2020: £22,266) and a sponsorship to the Royal College of Radiologists of £10,000 (2020: £10,000). Other creditors includes £0 (2020: £43,023) which is due to be refunded to the course delegates of the postponed Creative Conference.
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.7.20 £ 239,621 239,621 Incoming resources £ 94,945 94,945 At 1.7.19 £ 235,661 235,661 |
Net movement At in funds 30.6.21 £ £ 29,296 268,917 29,296 268,917 Resources Movemen expended in funds £ £ (65,649) 29,296 (65,649) 29,296 Net movement At in funds 30.6.20 £ £ 3,960 239,621 3,960 239,621 |
|---|---|---|
continued...
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DocuSign Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174
British Society of Skeletal Radiologists
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 56,588 | (52,628) | 3,960 | |
| TOTAL FUNDS | 56,588 | (52,628) | 3,960 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.19 £ 235,661 235,661 |
Net movement in funds £ 33,256 33,256 |
At 30.6.21 £ 268,917 268,917 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 151,533 (118,277) |
33,256 |
| TOTAL FUNDS | 151,533 (118,277) |
33,256 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
12. ULTIMATE CONTROLLING PARTY
The charity is under the ultimate control of its trustees who are the directors for the purpose of the Companies Act 2006.
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| gn Envelope ID: A4085F4A-E510-4779-980D-4B1B8898A174 | ||
|---|---|---|
| British Society of Skeletal Radiologists | ||
| Detailed Statement of Financial Activities | ||
| for the Year Ended 30 June 2021 | ||
| 30.6.21 | 30.6.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations | ||
| Sponsorship of courses | 2,500 | 2,500 |
| Charitable activities | ||
| Membership subscriptions | 34,046 | 48,019 |
| ESSR subscriptions | - | 4,499 |
| Course and conference fees | 56,566 | 1,570 |
| Investment income | 90,612 | 54,088 |
| Interest receivable | 1,833 | - |
| Total incoming resources | 94,945 | 56,588 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Cost of providing educational meetings | (48,558) | 7,455 |
| Grants | - | 7,607 |
| 2020 Conference Refunds | 79,952 | - |
| Support costs | 31,394 | 15,062 |
| Management | ||
| Insurance | 306 | 262 |
| Website costs | 26,892 | 7,404 |
| Sundries | 2,086 | 1,275 |
| Executive committee expenses | 100 | 2,108 |
| Accountancy | 1,896 | 1,896 |
| Biomedex - Admin staff | 2,975 | 13,865 |
| AGM expenses | - | 10,756 |
| 34,255 | 37,566 | |
| Total resources expended | 65,649 | 52,628 |
| Net income | 29,296 | 3,960 |
This page does not form part of the statutory financial statements
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