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← British Maternal And Fetal Medicine Society

2024-01-31-accounts

Charity number: 1145101

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Trustees' Responsibilities Statement 10
Independent Examiner's Report 11 - 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 - 21

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2024

Trustees Professor R K Morris, President Dr E L Ferriman, Secretary Dr M K Whitworth, Treasurer (appointed 25 September 2023) Dr T Johnston, Treasurer (resigned 25 September 2023)

Charity registered number 1145101 Principal office Royal College of Obstetricians and Gynaecologists (RCOG) 10 - 18 Union Street London SE1 1SZ

Accountants

Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL

Page 1

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024

The Trustees present their annual report together with the financial statements for the 1 February 2023 to 31 January 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) as it applies to charities completing accounts on a receipts and payments basis.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The society will address its aims through the following means:

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

The Society usually organises a 2-day annual scientific meeting, during which the AGM is held. The 2022 BMFMS conference was held in November 2022, it was decided to resume holding the annual conference in spring, the usual time of year for BMFMS conferences. To allow time to plan it was decided the conference should be held in April 2024. A virtual AGM was planned for January 2024 but, as this was not well attended, it was rescheduled to take place at the conference in April 2024.

Achievements and performance

a. REVIEW OF ACTIVITIES

This has been another good year for the Charity, with income from joint courses remaining above pre-pandemic levels. Membership numbers have decreased since the BMFMS bank account was closed in 2022 due to changes in banking regulations but are now increasing. The Charitable aims of BMFMS continues to be reflected in extending the scope of our educational bursaries and fellowships by offering a joint bursaries with the Wellbeing of Women.

The following is also available to BMFMS members:

Continuing development of an improved website. This helps fulfil one of our Charitable aims by increasing access for education, communication, advice and support, for Members and patients.

The Charity’s finances are sound, and the annual financial report is attached. There are unrestricted funds of £322,262. During the year, the total income was £206,891 with expenditure at £121,884.

a. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. RESERVES POLICY

The charity holds no fixed assets or trade debtors. The only funds held by the charity are available as cash at short notice. The reserves are all unrestricted and will be used to ensure that the charity can meet its growing training and course commitments in the future.

Page 2

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

c. PRINCIPAL FUNDING

The charity receives most of its funding from annual membership fees and course income. This income has been used to facilitate the organisation of the courses and cover in the administration costs of the society.

Structure, governance and management

a. CONSTITUTION

1. The Name

The Society shall be known as the British Maternal and Fetal Medicine Society.

Hereafter in the document it will be referred to as “The Society”.

2. The purposes of the charity are:

2.1 To advance education in the subject of maternal and fetal medicine and to preserve and protect good health by encouraging improved standards of pregnancy care.

2.2 The aims of the Society are:

2.2.1 The Society aims to provide a forum where issues of relevance to Obstetricians and other professionals involved in maternity care are discussed.

2.2.2 In particular, the Society seeks to:

2.2.2.3 Disseminate knowledge 2.2.2.4 Promote research and audit 2.2.2.5 Establish good quality training programmes 2.2.2.6 Encourage development of clinical guidelines.

2.3 The ultimate goal of the Society is to encourage improved standards of maternity care.

2.4 The Society will provide a Maternal and Fetal Medicine input to the Royal College of Obstetricians and Gynaecologists (RCOG) including advice on training in obstetrics and special interest / subspecialty training in Maternal and Fetal Medicine.

2.5 The Society will also make representation to other Colleges and national bodies when appropriate, including providing relevant stakeholder feedback on relevant national documents and guidance.

2.6 The Society will develop links to other relevant professional societies with the aim of disseminating knowledge and improving standards of care for pregnant women.

3. Officers of the Society

3.1 The charity shall be managed by a committee of trustees who are elected by the voting membership. The Society Officers are the charity trustees (the “Trustees”).

3.2.1 President

3.2.2 Secretary

3.2.3 Treasurer

Page 3

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

3.3 Nomination and election of Officers:

3.3.1 Officers will be nominated for office by two members of the Society.

3.3.2 Officers will be elected by the membership.

3.3.3 Terms of office will be three years.

3.4 Re-election of Officers:

3.4.1 The President may not be re-elected, but other Officers may be re-elected once for a second three-year term.

3.4.2 The President’s term may be extended by one year in exceptional circumstances such as if no applications for the post are received.

3.4.3 Officers will be eligible to apply for other Officer roles, however, there should be no overlap of these roles during their tenure.

3.5.1 The President will be elected by the membership six months prior to the retirement of the current office holder and shall serve as President Elect until the retirement of the current office holder.

3.5.2 The retiring President may serve as an ex-officio member for one year after retirement in an advisory capacity to the President.

3.6 Acting Officers:

In the unlikely event that an Officer is unable to complete the full term of three years, an Acting President, Acting Honorary Secretary or Acting Honorary Treasurer shall be appointed from amongst members of the Executive Committee until the due process of nomination and election is completed.

4. Carrying out the purposes

In order to carry out the charitable purposes, the trustees have the power to:

5. Responsibilities of the Officers

Page 4

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

5.2 The responsibilities of the Secretary are:

5.2.1 To be responsible for coordinating the activities of the Officers

5.2.2 Be responsible for the production of the minutes of the Trustees and Annual General Meetings

5.2.3 Collaborate closely with the appointed Conference Organiser

5.2.4 Act as deputy to the President in terms of representing the Society at relevant meetings.

5.3 The responsibilities of the Treasurer are:

5.3.1 To be responsible for the Society’s finances and producing an annual report of accounts at the Annual General Meetings.

5.3.2 Advise the Trustees about financial issues e.g. when subscription rates need to be raised 5.3.3 Advise about the registration fee or any surcharge necessary for Annual Meetings of the Society, to ensure that these Meetings do not run at a financial loss and generate some income for the Society

6. The Executive Committee

6.1 There shall be an Executive Committee (hereafter known as “The Committee”) which will act as an advisory body to the Trustees with delegated authority to manage and direct day to day operational matters in accordance with its Terms of Reference.

6.2 Membership of the Committee:

6.2.1 The Committee will comprise of 19 members, drawn wherever possible from England, Wales, Scotland, Northern Ireland and the Republic of Ireland and comprise the Officers of the Society, representative elected from the membership, and, as applicable the President Elect.

6.2.2 The members of the Committee will be:

6.2.2.1 President
6.2.2.2 Honorary Secretary
6.2.2.3 Treasurer
6.2.2.4 Scientific and research representative
6.2.2.5 Two trainee representatives
6.2.2.6 Two District General Hospital representatives
6.2.2.7 Two Maternal Medicine representatives
6.2.2.8 Two Labour & Delivery representatives
6.2.2.9 Two Pregnancy Outcome representatives
6.2.2.10 Two Fetal Medicine representatives
6.2.2.11 Education and Training representative
6.2.2.12 Two Midwifery/nursing representatives

6.2.3 In addition, there may be up to six ex-officio members:

6.2.3.1 Representative of the Royal College of Midwives (RCM) elected by the RCM for a period of three years and may be re-elected once for a second three year term. 6.2.3.2 Representative of the British Association of Perinatal Medicine (BAPM) elected by BAPM for a period of three years and may be re-elected once for a second three year term. 6.2.3.3 Representative of the British Intrapartum Care Society (BICS) elected by BICS for a period of three years and may be re-elected once for a second three year term. 6.2.3.4 Representative from MacDonald Obstetric Medicine Society (MOMS) elected by MOMS for a period of three years and may be re-elected once for a second three year term. 6.2.3.5 A parent/carer representative appointed at the discretion of the Committee for a term of three years. 6.2.3.6 The retiring President who can serve for a period of one year after retirement in an advisory capacity to the President.

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BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

6.3 Invited representatives to Committee meetings

Other representatives will be invited to Committee meetings at the discretion of the Officers. They will include:

6.3.1 Representative of the Conference Organiser

6.4 Committee meetings

6.4.1 The Committee will meet at least twice during the year, as necessary to fulfil its functions. 6.4.2 Committee meetings will be chaired by the President (or their appointed delegate, from another of the Officers).

6.4.3 The Committee meeting may be held via remote platforms or in person. For the purposes of this constitution “remote” refers to means of a conference telephone or any communication equipment which allows all persons participating in the meeting to communicate effectively to each other throughout the meeting. A person participating remotely shall be deemed to be present in person at the meeting and shall be entitled to vote or be counted in quorum accordingly.

6.5 Functions of the Committee

The functions of the Committee, in addition to its role as advisors to the Officers in fulfilling the purpose of the Society, are as follows:

6.5 Appointment of Committee Members

Page 6

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

6.6 Re-election

6.6.1 Committee members may be re-elected once for a second three-year term.

6.6.2 If a Committee member wishes to be re-elected after the first term, the post does not need to be advertised providing the re-election is supported by two other Committee members.

6.6.3 Elections for the position of Honorary Secretary and Treasurer must be advertised.

6.6.4 The post must be advertised for election after the Committee member has been in the post for six years. A willing person can serve a third term if no other candidates come forward for election.

6.6.5 The Committee reserves the right to allow flexibility in the timing of appointments, to ensure continuity within the Committees. It is anticipated that no more than four committee members will change in one year.

6.7 Working Groups and sub-committees

6.7.1 The Trustees may draw up small Working Groups or sub-committees, usually chaired by a Trustee, where an issue is identified needing consultation and discussion.

6.7.2 Members of these Groups will be co-opted from the Society’s wider membership. These Groups will report to the Trustees and their continued existence will be reviewed on an annual basis.

6.8 Manager

The Society will employ the services of a Manager.

6.8.2.3 To work closely with key staff and officers to advance the role of the Society and its work 6.8.2.4 With the Officers finalise cases for support and agreed programme of needs, subjecting these to periodic review by the Officers and Committee

6.9 Society Coordinator

The Society will employ the services of a Coordinator appointed by the RCOG whose functions will be to:

6.10 Conference Organisers

6.10.1The Officers will appoint Conference Organisers to deal with the practical arrangements of their Annual Meeting (selecting conference venues, negotiating rates of hire, identifying suitable accommodation, publicity, registration, trade exhibitions etc).

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BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

7. Membership

7.5 Subscription rates are set by the Society and revised periodically. Concessionary membership rates will be available for midwives and non-clinicians.

7.9 The Officers will keep an up-to-date membership list supported by the Society Co-ordinator. 7.10 The Officers reserve the right to seek further information and to defer, decline or rescind membership applications.

8. Annual General Meeting - AGM

8.1 The AGM must be held every year, with 28 days notice given to all members telling them what is on the agenda.

8.2 The AGM may be held via remote platforms or in person. A person participating remotely shall be deemed to be present in person at the meeting and shall be entitled to vote or be counted in quorum accordingly.

9. Officer meetings

9.1 Officers must hold at least 3 meetings each year. These will usually be as part of the AGM and Committee meetings.

9.6 If officers have a conflict of interest they must declare it and leave the meeting while this matter is being discussed or decided.

9.7 The officers may make reasonable additional rules to help run the charity. These rules must not conflict with this constitution or the law.

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BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

10. Money and property

10.1 Money and property must only be used for the Society’s purposes. 10.2 Trustees (Officers) must keep accounts. The most recent annual accounts can be seen by anybody on request.

10.3 Trustees (Officers) cannot receive any money from the charity, except to refund reasonable out of pocket expenses.

10.5 The financial affairs of the Society shall be managed by the Manager and overseen by the Treasurer.

10.7 The annual member subscriptions, income from educational events and annual meeting shall form the primary source of income for the Society.

10.8 Additional sources of income may include legacy, donations, gift aid, corporate memberships, specific funding related to specific work programmes from external sources etc.

10.9 The Treasurer has the authority to disburse funds for the benefit of the Society as appropriate, and shall submit a statement of accounts to each AGM.

10.10 Winding up - any money or property remaining after payment of debts must be given to a charity with similar purposes to this one

11. General Meetings

11.1 If the Officers consider it is necessary to change the constitution, or wind up the charity, they must call a General Meeting or AGM so that the membership can make the decision.

11.5 Changes to the Constitution - can be made at AGMs or General Meetings. No change can be made that would make the organisation no longer a charity. Changes must be submitted in writing to the Secretary and have a seconder who must also be a member of the Society. Changes to the constitution must be proposed at least 2 months in advance of the AGM or General Meeting.

12. Date of constitution

This constitution was adopted on 26th April 2024 by a majority vote at the AGM.

Approved by order of the members of the board of Trustees on 1 October 2024 and signed on their behalf by:

Dr M K Whitworth Treasurer

Page 9

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2024

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

Approved by order of the members of the board of Trustees on 1 October 2024 and signed on its behalf by:

Dr M K Whitworth

Treasurer

Page 10

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2024

Independent Examiner's Report to the Trustees of British Maternal and Fetal Medicine Society ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 11

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Laura Ambrose FCA

Dated: 1 October 2024

Haslers Old Station Road Loughton Essex IG10 4PL

Page 12

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024

Note
Income from:
Donations and legacies
3
Charitable activities
Investments
4
Other income
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
1,479
198,199
-
7,213
206,891
121,884
121,884
85,007
237,255
85,007
322,262		 Total
funds
2024
£
1,479
198,199
-
7,213
206,891
121,884
121,884
85,007
237,255
85,007
322,262		 Total
funds
2023
£
2,615
30,213
31
145,114
177,973
177,511
177,511
462
236,793
462
237,255

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 21 form part of these financial statements.

Page 13

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

BALANCE SHEET AS AT 31 JANUARY 2024

2024 2024 2023
Note £ £
Current assets
Cash at bank and in hand 322,262 237,255
322,262 237,255
Net current assets 322,262 237,255
Total assets less current liabilities 322,262 237,255
Total net assets 322,262 237,255
Charity funds
Unrestricted funds 10 322,262 237,255
Total funds 322,262 237,255

The financial statements were approved and authorised for issue by the Trustees on 01 October 2024 and signed on their behalf by:

Dr M K Whitworth

Treasurer

The notes on pages 15 to 21 form part of these financial statements.

Page 14

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

1. General information

British Maternal and Fetal Medicine Society is a charitable organisation, registered in England and Wales, with a charity number of 1145101. The registered address is Royal College Of Obstetricians, 10-18 Union Street, London, SE1 1SZ. Details of the principal activity of the Charity can be found on page 2 in the Trustee's report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

British Maternal and Fetal Medicine Society 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.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

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BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
1,479
Total 2023
2,615		 Total
funds
2024
£
1,479
2,615		 Total
funds
2023
£
2,615

Page 16

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

4. Investment income

Unrestricted
funds
2024
£
Bank interest
-
Total 2023
31		 Total
funds
2024
£
-
31		 Total
funds
2023
£
31

5. Other incoming resources

Income from joint RCOG/BMFMS meetings
Twins Trust
Total 2023		 Unrestricted
funds
2024
£
-
7,213
7,213
145,114		 Total
funds
2024
£
-
7,213
7,213
145,114		 Total
funds
2023
£
135,373
9,741
145,114

6. Analysis of expenditure by activities

Promoting education and research
Total 2023		 Activities
undertaken
directly
2024
£
46,049
19,286		 Support
costs
2024
£
75,835
158,225		 Total
funds
2024
£
121,884
177,511		 Total
funds
2023
£
177,511

Page 17

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Activities
2024
£
Bursaries
46,049
Total 2023
19,286
Analysis of support costs
Activities
2024
£
Staff costs
21,203
Bank charges
38
Insurance
339
General expenses
297
Committee expenses
3,423
Professional fees
3,420
Conference expenses
39,596
Catering
96
Rent
7,423
75,835
Total 2023
158,225
7.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2024
£
46,049
19,286
Total
funds
2024
£
21,203
38
339
297
3,423
3,420
39,596
96
7,423
75,835
158,225
2024
£
2,965		 Total
funds
2023
£
19,286
Total
funds
2023
£
19,642
93
-
803
1,963
3,599
125,476
284
6,365
158,225
2023
£
2,850

Page 18

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

8. Staff costs

Wages and salaries
Social security costs		 2024
£
17,926
3,277
21,203		 2023
£
16,534
3,108
19,642

The average number of persons employed by the Charity during the year was as follows:

2024 2023
No. No.
Administrative 1 1

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 January 2024, expenses totalling £1,497 (2023: £831) were reimbursed or paid directly to 3 Trustee's. This related to a committee lunch in the year and reimbursement for charity expenses.

Page 19

BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

10. Statement of funds

Statement of funds - current year


Unrestricted funds
General Funds
Statement of funds - prior year
Unrestricted funds
General Funds		 Balance at 1
February
2023
£
237,255
Balance at
1 February
2022
£
236,793		 Income
£
206,891
Income
£
177,973		 Expenditure
£
(121,884)
Expenditure
£
(177,511)		 Balance at
31 January
2024
£
322,262
Balance at
31 January
2023
£
237,255

11. Summary of funds

Summary of funds - current year


General funds
Summary of funds - prior year
General funds		 Balance at 1
February
2023
£
237,255
Balance at
1 February
2022
£
236,793		 Income
£
206,891
Income
£
177,973		 Expenditure
£
(121,884)
Expenditure
£
(177,511)		 Balance at
31 January
2024
£
322,262
Balance at
31 January
2023
£
237,255

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BRITISH MATERNAL AND FETAL MEDICINE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2024
£
Current assets
322,262
Total
322,262		 Total
funds
2024
£
322,262
322,262

Analysis of net assets between funds - prior year

Current assets
Total		 Unrestricted
funds
2023
£
237,255
237,255		 Total
funds
2023
£
237,255
237,255

Page 21