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← The Good Practice In Traditional Chinese Medicine Research Association

2023-12-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date
From 01 01 2023 To 31
12		 2023

Section A Reference and administration details

Charity name[THE GOOD PRACTICE IN TRADITIONAL CHINESE MEDICINE ] RESEARCH ASSOCIATION

Other names charity is known by GP-TCM RA

Registered charity number (if any) 1153356

red charity number (if any) 1153356 1153356
Charity's principal address
23 Carlton Rise
Melbourn, Royston
HERTS
Postcode SG8 6BZ

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Clara Lau President
Monique
Simmonds		 Past President
Simon Lee Secretary-General
Tai-PingFan Treasurer
Mei Wang President-Elect

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year
Rudolph Bauer
Abraham Chan
Pierre Duez

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Thomas Efferth Aiping Lv Vivian Taam Wong Qihe Xu Nicola Robinson Xuanbin Wang Yuan Shiun Chang

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Bylaws Type of governing document https://www.gp-tcm.org/index.php/bylaws/ (eg. trust deed, constitution) GP-TCM is the EU’s first coordination action dedicated to traditional Chinese medicine How the charity is constituted (TCM) research. Funded by the European Commission under its 7th Framework (eg. trust, association, company) Programme (FP7), the project has engaged more than 200 scientists and clinicians from 112 institutions in 24 countries in discussions on good practice issues related to various aspects of Chinese herbal medicine and acupuncture research, leading to state-of-the-art reports and guidelines published in Journal of Ethnopharmacology as an open-access special issue. These guidelines need dissemination, validation and further development through continued interregional, interdisciplinary and intersectoral collaborations. To promote this, GP-TCM Research Association (GP-TCM RA) was established to succeed the 3-year fixed term FP7 GP-TCM consortium. Fifteen eminent scientists from seven countries and regions have been elected to form the Board of Directors (BoD). Elected by members Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

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You may choose to include additional information, where relevant, about:

Section C Objectives and activities

  1. Perpetuate the interactive network established by the FP7 GP-TCM consortium;

  2. Promote discussion and implementation of good practice in TCM research and development, including the use of sustainably sourced materials;

  3. Advocate high-quality evidence-based research and development on TCM as well as on its integration with conventional medicine;

  4. Organise and co-organise scientific meetings;

  5. Nurture young TCM researchers at different levels in an interdisciplinary approach, including BSc, MSc, PhD and post-doctoral programmes;

Summary of the objects of the charity set out in its 6. Facilitate collaborations and sharing of resources, expertise and good governing document practice among members, industry and regulatory agencies;

  1. Encourage collaborations with existing relevant societies, consortia and organisations;

  2. Strengthen interdisciplinary, interregional, and intersectoral collaborations in TCM research and development;

  3. Perpetuate good practice in publishing TCM research outcomes;

  4. Disseminate scientific research outcomes and latest developments in regulatory sciences to stakeholders, industry, professional groups and the public.

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We believe that the challenges of TCM research can only be solved in an interdisciplinary network, using the most advanced methodologies of the postgenomic era. The expertise of the FP7 GP-TCM consortium and the ideas of new members have enabled us to develop and implement good practice in TCM research and to develop TCM in an integrative manner.

To achieve these goals, we have established Interest Groups on:

  1. Quality Control

  2. Pharmacology and Toxicology

  3. Clinical Studies

  4. Regulatory Aspects

  5. Acupuncture

Summary of the main activities undertaken for the We also public benefit in relation to • created a website – www.gp-tcm.org these objects (include within • held regular BoD video conferences via internet (e.g. Zoom) this section the statutory • hosted annual scientific meetings alternating between Europe and Greater China Region and other Asian countries declaration that trustees have • produced regular GP-TCM RA newsletters for worldwide dissemination had regard to the guidance • interacted with other learnt societies, e.g. Consortium for issued by the Charity Globalization of Chinese Medicine (CGCM; www.tcmedicine.org), the Commission on public World Federation of Chinese Medicine Societies (WFCMS) benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main After COVID-19, we hosted a very successful 11[th] GP-TCM RA Annual achievements of the charity Meeting in August 2023 in Leiden, the Netherlands. during the year Preparing for the 12[th] GP-TCM RA Annual Meeting in Macau in August 2024

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Section E Financial review

Brief statement of the charity’s policy on reserves

Any reserves are carried over to the following year.

Details of any funds materially

in deficit

Further financial review details (Optional information)

The GP-TCM RA’s principal sources of funds are the subscription fees You may choose to include for Life Members (£400 one-off) and Corporate Members (£1,000 per additional information, where year) relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

==> picture [150 x 25] intentionally omitted <==

Full name(s) Tai-Ping Fan Position (eg Secretary, Chair, Treasurer etc) Date 23 December 2024

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GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA GP-TCM RA
Management Account 2023
Jan Feb Mar April May June July August September October November December Total
Income Membership Fees 408.00 408.00
Gran ts and Funding -
Donations Individual Donations 335.00 500.00 2,391.90 2,097.47 5,324.37
Corporate Donations 3,000.00 997.00 1,902.72 7,373.96 9,864.79 23,138.47
In-kind Donations -
Fundraising Income Revenue from fundraising events -
Crowdfunding campaigns -
Raffle income -
Fees for services provided -
Program Revenue Conferences registration fees 85.00 170.00 85.00 595.00 1,336.46 2,271.46
publications or merchandise -
Sponsorships and
Partnerships		 Income from sponsors -
Revenue-sharing agreements -
Miscellaneous Income Refunds or reimbursements 58.76 1,288.20 1,346.96
Foreign exchange gains -
Others -
Total - 408.00 - 3,000.00 85.00 1,560.76 2,487.72 10,360.86 13,298.72 - 1,288.20 - 32,489.26
Overheads Program Expenses Supplies and Materials - -
Event Costs (Rental, equipment) 13,300.00 374.46 600.00 9,464.92 3,814.43 27,553.81
Staff or Contractors 1,430.00 1,430.00
Administrative Expenses Administrative staff wages -
Office supplies and equipment -
Unitilite -
Fundraising Expenses Event planning and hosting costs -
Marketing and promotional materials -
Fundraiser staff or consultant fees -
Marketing and Outreach Advertising costs -
Website maintenance and hosting -
Social media promotions -
Professional Services Accounting and auditing fees -
Legal fees -
Consultancy fees -
Travel and Transportation Travel for staff or volunteers 17.90 17.90
Training and Development Staff training programs -
Volunteer orientation and workshops -
Compliance and Regulatory
Costs		 Licensing fees -
Permits and certifications -
Tax preparation fee -
Insurance Liability insurance -
Volunteer insurance -
Trechnology and Software Software purchase or subscription 148.70 46.77 91.18 286.65
Hardware purchases or maintenance -
Miscellaneous Expenses Bank Charges and transaction fee 5.00 11.00 5.00 5.00 5.00 5.00 5.20 11.00 23.20 5.00 5.00 5.00 90.40
Postage and delivery -
Forign exchange losses -
Total Expenses 5.00 11.00 5.00 5.00 153.70 13,305.00 1,809.66 11.00 669.97 9,487.82 3,910.61 5.00 29,378.76
Profit (5.00) 397.00 (5.00) 2995.00 (68.70) (11744.24) 678.06 10349.86 12628.75 (9487.82) (2622.41) (5.00) 3110.50
Bank Current OpeningBalance 33,654.51 33,649.51 34,046.51 34,041.51 37,036.51 36,967.81 25,223.57 25,901.63 36,251.49 48,880.24 39,392.42 36,770.01
Account ClosingBalancce 33,649.51 34,046.51 34,041.51 37,036.51 36,967.81 25,223.57 25,901.63 36,251.49 48,880.24 39,392.42 36,770.01 36,765.01
Bank Savings
Account		 OpeningBalance - - - - - - - - - - - -
ClosingBalancce - - - - - - - - -

CS Accounting Christopher Smith 39 Fawkner Close Chelmsford CM2 6UP 7 January 2025 GP-TCM Receipts and Payments for year ended 31" December 2023 To whom it concerns. I have examined the transactions in the accounts summarised in the TreasurerAnnual Report for 2023 and In the receipts and payments Schedule CC168 prepared according to the template for the Charity Commission for England and Wales. I believe they satisfy the requirements under section 133 of the Charities Act 2011. The transactions represents a true and fair account of the cash movements recorded through the charity bank account. Regards Christopher Smith