2023-03-31-accounts - British Laryngological Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

British Laryngological Association

Contents of the Financial Statements for the Year Ended 31 March 2023

	Page
Company Information	1
Report of the Directors	2
Income Statement	4
Balance Sheet	5
Notes to the Financial Statements	7
Report of the Accountants	9
Detailed Income and Expenditure Account	10

British Laryngological Association

Company Information for the Year Ended 31 March 2023

DIRECTORS: Prof G S Sandhu Professor M Birchall

SECRETARY: Prof G S Sandhu REGISTERED OFFICE: St Jacques Dene Close Chilworth Southampton Hampshire SO16 7HL

REGISTERED NUMBER: 08438864 (England and Wales)

ACCOUNTANTS: Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP

Page 1

British Laryngological Association

Report of the Directors for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY

promoting the objects of the charity. The property and funds of the company must be used only for promoting the objects of the charity and do not belong to the members of the charity.

Members may:

be employed or enter into contracts with the company and receive reasonable payment for goods or services supplied;

be paid interest at a reasonable rate on money lent to the company;

be paid a reasonable rent or hiring fee for property let or hired to the company.

A Trustee may:

for the time being be remunerated out of the income or property or receive other benefits for services rendered provided that no payment is made under an employment contract unless previously and expressly authorise in writing by the Charity Commission and provided also that at no time shall a majority of the Trustees receive remuneration or other benefits for services rendered to the charity.

Any Trustee whom it is proposed to remunerate or confer other benefits upon, should not be present during the formal deliberations.

The Trustees should be satisfied that the proposed remuneration or benefit is reasonable and proper having regard to th nature and value of the work performed and to the income of the charity.

A Trustee must not receive any payment of money or material benefit other than that as mentioned above with the exception of the reimbursement of reasonable out of pocket expenses.

The Trustees of the charity are also the directors of the company.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Prof G S Sandhu Professor M Birchall

Page 2

British Laryngological Association

Report of the Directors for the Year Ended 31 March 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Prof G S Sandhu - Director

30 July 2023

Page 3

British Laryngological Association

Income Statement for the Year Ended 31 March 2023

TURNOVER Cost of sales GROSS SURPLUS Administrative expenses SURPLUS/(DEFICIT) BEFORE TAXATION Tax on surplus/(deficit) SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR	2023 £ 74,399 1,416 72,983 31,532 41,451 - 41,451	2022 £ 6,806 760 6,046 24,065 (18,019) - (18,019)

The notes form part of these financial statements

Page 4

British Laryngological Association (Registered number: 08438864)

Balance Sheet 31 March 2023

Notes CURRENT ASSETS Debtors 4 Cash at bank CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Unrestricted funds Income and expenditure account	2023 £ - 52,125 52,125 600 51,525 51,525 20,855 30,670 51,525	2022 £ 10,215 459 10,674 600 10,074 10,074 20,855 (10,781) 10,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the 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 company.

The notes form part of these financial statements

Page 5

continued...

British Laryngological Association (Registered number: 08438864)

Balance Sheet - continued

31 March 2023

The 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 Directors and authorised for issue on 30 July 2023 and were signed on its behalf by:

Prof G S Sandhu - Director

The notes form part of these financial statements

Page 6

British Laryngological Association

Notes to the Financial Statements for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

British Laryngological Association is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sponsorship and membership fees.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

continued...

Page 7

British Laryngological Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors	2023 £ - 2023 £ 600	2022 £ 10,215
		2022 £ 600

Page 8

British Laryngological Association

Report of the Accountants to the Directors of British Laryngological Association

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP

Date: .............................................

This page does not form part of the statutory financial statements

Page 9

British Laryngological Association

Detailed Income and Expenditure Account for the Year Ended 31 March 2023

Turnover Subscriptions Courses & conferences Sponsorship Cost of sales Purchases Refunds GROSS SURPLUS Expenditure Secretariat Telephone Travelling Computer sundries Licences and insurance Courses & Conferences Website Consulting Charges Surveys Sundry expenses Accountancy Finance costs Bank charges NET SURPLUS/(DEFICIT)	2023 £ 7,233 35,916 31,250 - 1,416 12,978 - 213 748 35 5,600 3,354 6,300 - 1,704 600	£ 74,399 1,416 72,983 31,532 41,451 - 41,451	2022 £ 1,556 3,750 1,500 27 733 18,278 120 - - - 2,813 1,134 - 384 713 600	£ 6,806 760 6,046 24,042 (17,996) 23 (18,019)

This page does not form part of the statutory financial statements

Page 10