MOORE Kingston Smith
Laboratory Animal Science Association
Laboratory Anlmal
Scl•nc• Assoclation
Financial Statements
For the year ended 30 June 2023
Company Numb•r: 08707797 (England & Wale81
Charlty Numb•r: 1164804

LABORATORY ANIMAL SCIENCE ASSOCIATION
CONTENTS
Pago
Reference and Administrative Details
Report of th8 Board of Trustees
2to5
Independent Examin8f8 report
Statement of Financial Activiti88
Balance Sheet
Note8 to the Flnancial Statements
9t013

LABORATORY ANIMAL SCIENCE ASSOCIATION
Reference and Administrative Details
For the year ended 30 June 2023
Company Number.
08707797
Charity Numb•r:
1164804
Regl8tor•d Offi￿.
P.0 Box 524 Mill View
Daisy Hlll Road
Bur8￿Ck
Hull
HU12 9HE
Dlroctorn and Tru•to8•:
Professor S C Stanford - Treasurer
Mr R J Bond (Resigned 3111212022)
Dr J Re¢kles$
Dr J Tremoleda
Socr•tary:
Mr R J Bond (Resigned 3111212022)
Mr M Max￿￿11 {Appointed 01101120231
Ind•p•nd•nt •xamlnor
Mojre lQngston Smith LLP
Betc￿rth House
57-65 Station Road
Redhill
Surrey
RH1 1DL

LABORATORY ANIMAL SCIENCE ASSOCIATION
Trustees, Annual Report
For the year ended 30 June 2023
The trusteeg of Laboratory Animal ScEn¢e A$so¢iats"on I"LASA"I, who are als9 directors of the charrtable
company for the purposes of the Companies Act 2006, present their report together wf(h the finanGral
ststements foi the year ended 30 June 2023. The Iruslees have adopted the prowsions of Accounting and
Reporting by Charities.. Statement of ReGommend Pra¢li¢e applicable to charrties preparing their financial
Statements in accordance with the Financial Reporting Standard appluble in th8 UK and Republic of
Ireland IFRS102) leffectNe 1 January 20151.
Structurg, Governanco and Manaoomont
LASA 1$ a ¢haritable company governed by Ils Memorandum and ArtiGles of A$8ociqlion.
LASA is run by an ExecLrtlve Committee Gomprising the four trustees of the charity, supported by a team of
elected members, who colleclNely comprise LASA Councll.
New Iruslees must be nominated land seconded) by any members of LASA, wf(h subsequent èlection
al the Annual Gener81 Meeting. Currently there ar8 Ihfee tru8tees wf(h a fourth lo be elected al the AGM in
November 2023.
LASA fiequenlly collaborates wrth other organisatlons 8uch as.. the Inslttule of Anima1 Technicyans, Royal
Society for the ProleGlion of Animals, Laboratory Animal Veterinary Association, National Centre for the
Replacement. Refinement and Reduction of Animal Research. Brf(18h Physiologic81 Society. British
PharmaGolo9ka1 Society, UK 81osci9nces Sector Coalilp?n, Federation of Laboratory Animals ScN?n¢•
A8socialions, Understanding Animal Research, Unlver511Es Federation for Animal Welfare, Animal
Welfare Rese8r¢h Ne￿ork. FRAME. However, these aCIN￿*S are proiecl-related and have no fin8ncial
)plScalbn8 or oblhJalonB.
Some m8mber8 of LASA Council are also members of other organisatlons, whrh helps to promote these
Collaborations and common inleresls. Arising from th08e relaliorsship8, all members of Council have been
required lo prowde a Signed Declarallon of Interests on their election as trustee or member of Council.
However, sin¢& 2020, LASA requires Council members lo provide Iht8 informatlon annually. In 2023 Ihis
proc06s has been further refined to en5uie we gather addthnal inforMat￿n on potential confllcts.
ObJoctlv• and A¢tlvltl••
The objects of tho cha￿table company are to promote the advancemènt of laboratory animal science for
the benefit of the public.
In furtherance of thi8 object. bul not otherwise..
Q lo promole the interchange of scientific informatKJn amon9 persons interested in laboratory animal
$c￿nce by means of meetings, lectures, demonstrations, discussions and publicatB)ns as appropriate.,
Q lo encourage educatton and training in laboratory anlmal science.
The charitable compsny's main actiwbes In relations lo Ih08e objeots are..
O the delwery of cot)tinued education and promotion I di$seminalion of developments in the 3Rs
{Replacemenl, Reduction, Refinemenll lo all professionals engaged in laboratory an*nal scienc8.
Thi8 achieved through scientifio meetings, training workshops
the drafting and produ¢tKJn of publutKJns arising from such events.
O engagement with the Concordat on Opennes$.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Trustees, Annual Report
For the
ear ended 30 June 2023
engagement with Govemment to improve the systems, processes, and transparency of animal
research.. for instance. through comment and feedback on proposals for development of new
processes and procedures for regulats'on of animal Scien￿ by the Animals in Science Regulation Unlt
award of bursaries to members to promote development and disseminallon of good pract￿ in
laboratory animal sci8nc8.
The trustees have had regard to the Charity Commlssion's guidance on publlc benefit when reviewing their
aims and objectives and In planning future activities.
8ursarie$ are available for LASA members lo help cover the cost of their attendancè at I contributions lo any
event consKJered relevant to LASA'S mission and objects'ves. Members can apply for a LASA bursary, at any
time of the year. Individuals who hav8 no alternative sources of funding lo support such activities are
especlally encouraged to apply.
Thg criterla that must be salssfied for an application to b8 considered for the award of a bursary, together
wlth the terms and ¢ondilion8 of the award, are specified at., https.'IMvM.18sa.co.ukJwp-
conlentluploads120191081LASA-Bursary-rul8s-and-application-fom.pdf
AII LASA'S Officers hold honorary posts and all LASA'S a￿vItIeS depend enbrely on the voluntary efforts of
its m8mber5. Such activities include. bul are not limited to..
the planning and delivery of scientific meetings, includln9 events providing training and continuing
educats'on as well as recent developments in the 3Rs and laboratory animal Science.
the drafting and publication of documents provi¢Jing guidance on best practice in laboratory animal
science Ifree download from LASA websilel.
offerlng expert feedback on matters conceming the r8gulatlon of laboratory 8nim81 sclence In the UK
and beyond.
Achl•v•ments and P•rfomiane•
November 2022 saw a successful in person LASA Annual Conferenu. the first face lo face annual moetlng
following Covld. The event ¢on$isted of tsvo days of tslks. symposSa and posler-presenlations and was well
attended by our members lover 150 attendee51. The program incorporated scientific sessions from 811 LASA
Sectlons Includlng Anlmal care & Welfa￿, Policy, Training & Education and the 3Rs, as well as keynote
speakers from the Francis Crick Insb'lute and GlaxoSmilhKline, which described new culling*dge
technologies.
Plans for 2023-.
Th8 PELh Sectlon wlll hold Ihelr annual Establishment Licence Holders, Fonjm in October 2023. This will
focus on key themes around Regulatory Compliance, Security, Implemgnlation. This meeting remains
crillcal lo support the regulated establishments across the UK., The Home Offlce Animal ScienGe Regulatory
and PoliGy units are attending and over 100 attendees are regislered.
The PELh Training Forum will b8 held in November 2023. This will focus on training for new PELS..
legislation., how to Support Named Persons., the NC3Rs self-assessment tool., PEL responsibilities,. AWERB
en9agemenl and responsiveness., Ihe importance of establishing a good culture of Ca￿., audits and
legislation inlerfa¢e', communlcaliong. transparency and ensuring competen¢y', and supporting staff
motivation and development.
The 3Rs Section hokl their annual seminar day on the 19th September. focussed on EV￿enCe based
husbandry Refinements for laboratory animals. Meeting was w811 attended with national and international
8xperts in the fiekl.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Trustees, Annual Report
For the
ear ended 30 June 2023
Our Annual meeb'ng will be a central feature of our 60th year GeL9brations, which will be held in November
2a23. The scienb'fic program will inGlude the joumey and impact of LASA over the last 60 years in animal
Scientif￿ research. The theme of Innovations & Technologies for Welfare and Research Excellence, includes
talk5 on.. Animal Care & Welfare., Discovery and Translational Science lincluding the impact of CRISPR
technology),. Breedin9 and Husbandry.. Training and Education (including future of laboratory animal science
communication}., Innovations in 3Rs explorlng alternatives in preclinical testing, foll¢)wed by a roundtsble
discussion and discussions on Regulatory and Policy frameworks. The Keynote presentslions will be delivered
by intemational experts in their field and will focus on translation of animal research to further understand
emenlia causing diseases with further talks on the underpinning of animal model research, new technologies
and their translation and applicability.
Othèr key aelivltas Include..
A call for three new Council positions
The slrenglhening of collaborations with other leamed sclentifi'c societies and Councils to provide joint
workshops and CPD events lo perm'(( and support ne￿orkIng for earfy Ca￿er s¢ients'sts. For example,
LASA has engaged with tho B8SRC on the training the generation of animal scientists and the resources
required.
D LASA ha¥ built a communications team to further help deliver its objecllves and promote its soenlific
message across different media streams. This includes Twitter IXI where LASA'8 social media foll¢￿Ver9
now exceed 1300 followers, a newly estsblished Linkedln page with over 1000 followers, both of which
enable LASA to reach a wide community of 8cienlisls and the general publlc. The LASA PEL Forum
continues to ulilise the LASA Secretsriat and is advised by the Chair of the Sclents.f￿ Programme.. thls
expertl$8 supports for their regular online meetings, forums and discussions.
Two bursaries We￿ awarded and claimed in 2022 - 2023. Note, these are clairned retrospectively,
subject to confirmation of èxp6nsés and receipt of o report on tho scientific benefrts acGwing from the
award or equlvalent output).
Promulgation of the bgngfits of LASA membership amongst Ihe18boralory anlmal science communlty
so as lo encourage applications from individuals and institutions.
Flnanclol Revlew
LASA'S end of yèar balance stands at £167,398. However, this has been supported by a refund arising from a
meeting that was cancelled during the pandemic l AST2020'1. Many delegates who were entllled to a refund of
thelr reglslralion fee did not to respond to rep8ated requests for an invoice to aclivale that process. The
AST2020 account has now closed and the residual funds distributed equally be￿een the IAT and LASA
{£25,389. 8achl. This one-off payment IAST2020 refund) enabled LASA to 8ttain an apparent operating profit
for Ihls year
The balance also inGlude$ sponsorship from 'Laboralory Animals, journal (Euro 5,5001£4,71611 and the
NC3Rs1£4000), which are reserved for bursaries and prvzes al the forthcoming 2023 annual meeting.
When taklng these exceptional sources of income into account. LASA has an underlying operating deficit of
more than £17,000, which is not sustainable in the long-term.
Arising from uncertainties about the likely attendance at the annual meeting12022}, Council approved a
decision to cancel plans for a meeting al a large conference cenlre. To reduce costs, it was decided lo hold
smaller luniversity-basedl meeting instead. The ￿vISed format was similar to meetings LASA held in the
distant past.. in particular to offer a comparatively small-s¢ale, lable-lop Trade Exhibition. These decisions
enabled the annual meeling to yield a small profil1£2,5641. Plans for a similar, small-scale meeb.ng in 2023, 10
be held at an academic research cenlre, are al an advanced stage.
LASA'S full annual complement of educational (section} meetings has yet to relum to normal, but the 3R8
Section ran a highly successful meeting, which generated a welcome profiL However, the meetings of the
PELh forum continue lo accumulate a deficit LASA needs to instigate prccesses to ensure that this trend is
reversed in the future. LASA has also written off £2.460 of bad debts.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Trustees, Annual Report
For the year ended 30 June 2023
LASA awarded I￿0 bursaries this year. but anticipates awarding more in the forthcoming year. These
bursanes are in line with our charitable purposes and will enable up to 10 delegates to attend the Annual
Meeling120231, which will be our 60th anniversary.
The CPD scheme is clearly popular but, should demand for CPD credrts increase, running this scheme wlll
become a significant expense. ￿1¢h mlght need mrtigation.
Membership income has fallen slightly since last year. Ideally, LASA should alm to ensure that the members,
subscriptsons cover the cost of the Secretariat's day-to4ay Iroutinel activities. For that reason, the
subscription fee will need to increase in 2023- 2024 Ito £701. Because the economic climate and changes io
the Secretsrial contr8¢t make it inevitable that cost of running the Secretariat will increase substantially in
2024, further increases in members, subs¢ription fee will te necessary over the following years. al least.
R08•rv88 Pollcy
LASA'S reserves pollcy Ss to a¢cumulate double its total runnlng Costs, which have Increased to appr¢ximalely
£115,000. As in previous years, LASA has fallen short of that largel Ihls year. At the very ￿a81. and to en5ur8
that LASA can conts'nue as a going concern, steps need to be taken to ensure that LASA returns an operating
profit In 2023- 2024.
R￿k Manag•m•nt
The Iruslees acknowledge their responsibilities and recognise that good prath'ce includes consideration and
reporting of risk management. LASA'S risk register has contlnued lo be reviewed al every meeting of Council,
this year. In addition, LASA has refined its financial risk profile for running large meetings su¢h as our annual
meellng,. in particular, attendegs now organise their own acGommodalion so there is no financial burden to
LASA. LASA is reviewing the rol8 specifications for members of Council and has conducted a gap analysis on
Council membership to ensure succession planning and delivery of LASA'S objectives over the forthcoming
years, The bylaws have been updated lo reflect the needs of LASA. Expeclatlons for counoil members have
been develoFed and a revlew of the way LASA council and sections works will be conducted in early 2024.
A8 a Council we are keen to allow the opportunity lo bring in new members as part of our succe885on planning.
Over the wmSng year we wlll also as an executive team and Council embark on working together lo dellver a
strategK five-year business plan. This Is to facilitate the continued success of the Gharilable organisation over
the coming years, in the current Lgndscape of animal scientific research.
The trustees belleve the prlncipal rlsks faclng the charity aro..
o a potential decline in income from our annual cycle of meetings, includlng the annual conference, due
to Covhl-19 lor any future pandemic).
O a decline in members, subscriptions land hence income), arisin9 from new ways of working and
financial constraints across the sector post COVID on LASA'S activities and benefits to member5.
This report has beèn prepared in a¢¢ordance wlh the ¥pecial provisions of Part 15 of the Companies Act 2006
relating to small companies.
This report was approved by the trustees on 30 October 2023 and was signed on its b8half by..
- Trustee and
JILL. . /rÈ310￿ 1

L4BORATORY ANIMAL SCIENCE ASSOCIATION
Independent Examiners Report
For the year ended 30 June 2023
I rwt to the chwity truBt*s ￿ my &wnlnatioTh cl th8 acwjnts of th• C¢Jnpany lor th8 year ￿d￿d 30 June 2023.
R￿porA￿b1I1tkn0 and b9•1$ of roport
A8 the ¢horitl5 tnJst*s of the Ccmpany18nd 180 its directtys lor the purpco98 OfCunp￿Y you ¥8 r88PCrtsbknlor the
prepwation d th8 xcounts In 9cCord￿C* with thg ra]uir*n•nts elthe ComwM A¢¢ 2￿81'tha 2(th Act'l.
Havlng $8tl&fi&l m￿811 that th¢ accwnt6 of the Ccmpany ¥9 nol r8quty￿I to L* audlbJ undw Part 16 of the 2C¥J6 Ac* and are
•liglbbfor Indyndent axamin*w, I r8Wt in ro5pect L4 my e%*nination of y￿r charity'$ x¢ourits a8 C8rri&l ¢Xrt undw $*ti
145 dth• charit￿ Act 2011 1.tho 2011 Act'l. In carrying tyjt my ex￿In9t￿n I have fcAlth¥&l t￿ DIr￿th?￿S givan by th• Charty
Cornrnknsi￿ und¥ 88ctth 145151 Ibl cl the 2011 Act.
ID(knp•ndont Ex*miMV• Stat•m•nt
I h￿8 ccfflpK•t•d my e¥*nIn*￿. l ¢mfirrn that M mattws hav• to rny In c￿ne¢￿ with the •x•nlDgllc￿ gl¥AThJ mo
to bell
untins rgcord& not kept in resrf of th• c￿paNY u r•aulr&l by $ectw 386 cl th• 20C6 Act., c*
Ihg 8¢c￿nts do not acccrt wrth Ihw reeards,. or
th• account$ do not cunply with tha xcowithg rffjukemwts of 50Cth)n 396 of the 20C6 Aet at￿r than ￿Y
rwUlr￿t that tho xtount6 giva a'true ￿ far vwi wh￿h is not a matter con$Ld•r•d as part cl an
indepeTr*nl ￿arnin4t￿.,
tho &¢ount$ have not boen ptyr￿ In ac¢rydanc• wrth
Rrttmmend•A Proctscg fu Kcounting and rep￿tIng
21
31
41
m•thoOs and prin¢ipl8J d the St•twngnt of
I hav¥ no eeficem• ar¥J have xrcé• no othw motter• kn conn￿1
In r•ptyt In r*d•r lo 8 proper underdt¥ndlng el th• 0¢¢
ITr￿9n to which It￿lc￿ bo drawn
J¥rn•• 8awKlord IFCCA OChAI
For be￿11 of Moor• Klng•ton Smlth
Chart8rèY ACC￿￿￿tInts
B•tchwuth Hw8e
5745 Stath)n Road
R￿h111 RH1 1DL

LABORATORY ANIMAL SCIENCE ASSOCIATION
Statement of Financial Actniities
For the year ended 30 June 2023
Unr08trlctgd fundo
2023
2022
Not9•
Income from:
Donatlons & legacies
Charitable 8CtMtk?8
Invesknents
22,411
74,476
274
25.285
49.630
212
Tot•1
97,161
76,127
Expèndltur• on:
Charitable aclMti86
88,505
87,324
Total
88,506
87.324
N•t Incom•ll•xp•ndltur•l
10,856
12.197
NET MOVEMENT IN FUNDS
10.656
112.1971
Rgconclllatlon of fund•'.
Fund balan¢e brought forward at 1 July
2022
156,742
188.939
Fund balan¢• ¢•rrl•d lorward at 30
Jun• 2023
167.398
158,742
The Statement of Flnancial Actwities includes all gain5 and losses in the year and therefor8 a Statement of
recognBed gains and losse8 has not been prepared.
All of the above amounts ro18te lo ¢onllnuing actwitK*s.
Tho notos on pages 8 to 12 form part of these financial stalgrnenls.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Balance Sheet as at 30 June 2023
Note8
2023
2022
CURRENT ASSETS
Debtors
Cash al bank and in hand
116.161
179.094
295.255
92,148
143,395
235,543
LIABILITIES
Creditors.. Amounts falling due
thin one year
10
127.857
78,801
NET CURRENT ASSETS
167,398
156.742
TOTAL ASSETS LESS CURRENT LIABILITIES
167,398
FUNDS
Unrestricled fund8
11
187,398
136.742
TOTAL FUNDS
167,398
156.742
The charitable company Is entltled to exemption from audit undef Section 477 of the Companies Act 2006 for
the year ended 30 Jun8 2023.
The member¥ have not requlred the Company lo obtain an audlt of Its financial statement8 for the year ended
30 June 2023 in accordance wth Section 478 of th& Companles Act 2008.
Thege financlal statements have been prepared in accordance with the 8pe¢ial provislon8 for small companies
under Part 15 of the Ccmpanies Act 20Ce.
The8& financial statements were approved by the members of the Trustee 8oard on
signed cn their behalf by:
and
Prof•$8or S
Stan
Tr￿Ur¢r- Tru•ts•
ord
Charlty No. 1164804
Company No. 08707797 {England & Walo91
The notes on pages 8 to 12 fcmi part of th889 financial statements.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Notes to the accounts
For the year ended 30 June 2023
1 ACCOUNTING POUCIES
1.1 Company Inforrnation
Laboratory Animal Science ASs￿l81t0n 1$ a private company limil8d by guarantee incorporated in England
and Wales. The registered ¢)ffice is P.0. Box 524 Mlll View, Daisy Hill Road. BUrS￿l¢k, Hull, HU12 9HE.
1.2 Bash of Pr•paration
A Summary of thg Pr1r￿1p?l accountir@ policies adopted, Il￿ornentS and key sources of estkn1811on
ncertainty. 13 sel out below.
financial slalements have been prepared in accordanca with the Financial Raporting Standard
applic8bL8 in the UK and Republic of Ireland IFRS 1021. Th8 company is a public benefit entr(y for the
purposes of FRS 102 and a registered eharily established as a Gompany limited by guarantee and Ihereforo
ha5 also prepared ts financral statements in accordarKe wi(h the Slalemgnl of Recomm8nded Practice
applKable lo charf(io$ preparing their accounts in accordance wf(h the FinancKg1 Reporting Standard
applicable in UK and R8publK of Ireland (The FRS 102 Charitie5 SORPI, the Compan￿8 Act 2006 and
Charitie$ Act 2011.
Th• flnanc*l 8ts1ements are prepared In Slerting, which rn Ihg fu￿trInal currency of the 8s80ckgt￿jn.
Monotary amounts in th98e financial statements are rounded to neare8t pound.
finarKial statem8nl$ are Prepared on historical co81 Gormnllon. Tho princlpal accounliw pdkle8
adopted afe sel out below.
1.3 Golry Cort•m
Sub8equenl lo tho year end and in Ip3ht of the pandemic, th8 Irusle68 have a88o$$ed whether the use of
golng cofte8m is appropriate and have considered possible events or conditions Ihgt might C881 signiticart
doubt on the abillty of the charity lo continu8 as a goirrfJ conc8rn. Tho tr￿le8$ have made this 8sse58ment
for a period of al least one year from the date of approval of thèse fInar￿la1 slalemenls. In part￿UL4r, the
Iru81ees hav• considered the charW$ forecasts and proj8CtKJn8 and have taken account of pressures on
i1￿0M8. After making enquirie8, the Iruslees have concluded that there 18 a rea$on8ble expectation that the
c1¥9rity has ad8quate resources to continue in operational existence for the fore8è8abla f￿￿re. Th8 charty
thèrefore continues to 8dopl tha goiTrJ concem ba$1$ in preparing ils fina￿181 slatemenls.
1A Incomlng ro8ource•
All incoming re9C￿r¢88 are recogni8ed whgn the charty18 e￿Irt￿ lo the irKome. therels certainty of receipt
8Trd the monotsry value can be measured wfth reasonable a¢¢uracy.
Members 8ub8cription$ are recognised as income in the period lo which they are rn¢oived. and any re18tirKJ
lo future peiiods are treated as deferred income in th• ealance Sheet.
1,6 Rosources expended
Expenditure is included in the Statement of Financial Activities on an accru818 basts. E￿endIture is
r8cognised once there 15 a kgal or constructive cbligalion to Iransfgr eeonomic b8nefrt to a third party, it is
probable that 8 transfer of econom￿ benefit will be required in settlement and the 8mount of the obligation
¢an be measured reli8bly.
1.6 Allocatlon and apportlonm•nt of costs
All costs are alk)caled btheen the eypendilure Gategories of the SOFA on a basis designated to reflect the
use of the rexjurceg. Cost reLqting to a particular activity are allocated directty and others ore apportioned
on an appropriala basis.

LABORATORY ANIMAL SCIENCE ASSOCIATION
Notes to the accounts
For the year ended 30 June 2023
1.8 Taxatlon
The charitable company is an exempl charty wf(hin the meaning of Schedule 3 of the CharitEs A¢t 2011
and is Considered to pass the lest set out in Paragraph 1 Schedule 6 Finance Act 2010 therefore il meets
the d8finiknon of a charitable Gompany for UK tax purposes.
1.9 Fund accountlng
Unieslrthd funds can be used in ac¢ordan¢e wrfh the charitable objeGtN88 al the di￿ratHin of the
Iru$lees.
Restr￿ted funds can only be used for pathular reslrthd purposes wthin the objects of the charity.
ReStr￿tIonS ari88 when specified by the donor or when funds are raised for part￿ulaT reStr￿ted purposes.
Further ewlanalion of the nature and purpose of each fund is included In the notes to the financial
statements.
1.10 Flnanclal In•trumonts
. C•8h and ca8h oqulv•lent•
Cash and cash equNalenls include cash al banks and in hand and Short term d8PO8ft8 with a mslurlty
date of three months or le8S.
b. 0obtor• and cradltor8
Debtors and credrtors recelvable or payable within one year of the reporting date are CArrièd al Ihelr
tran¥a¢tl)n pr￿. D8btors and credrtorB that are receivable or payable in more than one year and not
subject lo a market rate of interest ar8 measured al thé present value of the o>pocled future receipts or
payment di8counled 81 a m8rket rale of inter881.
1.11 Crltk•l accountlng Judgements and key •ouree• of •stlrnatlon uncortalnty
In the application of the accountsng polic￿$, the Iruslee$ ar8 required to make judgements, estlmates
and asSUmpt￿nS about the carrying amount of assets and liabililk88 that are not readily apparent from
other source$. The estimates and a880cLqled assumptions are based on hislorlcal experience and other
factorsthat are Considered to be relevant. Actual results may drffer from these 8$ts'male$.
The 88ts'mates and underlying assumptions are reviewed on an ongolng ba$i$. Ra￿S1onS lo accounting
estimates are recognisod in the perDd in wh￿h the estimate is rewsed where the rewsHJn affe¢ls only that
perK)d, or in the period of the revi$h?n and future periods where the revksion affects both currènt and
future
2 INCOME FROM CHARrrABLE ACTivrriES
2023
2022
Meetings
Certffj￿ate holders, Forum
Anmal Science
Larn
Care and welfare
LASA Forum
Sponsorship bursaries
Council
69,635
451
38,240
60
2,560
5,213
5,557
{30)
4,257
163
io

LABORATORY ANIMAL SCIENCE ASSOCIATION
Notes to the accounts
For the year ended 30 June 2023
3 INVESTMENT INCOME
2023
2022
Intsrest recwvable
274
212
4 EXPENDITURE ON CHARITABLE ACTIVITIES
YEAR TO 30 JUNE 2023
Oir•ct
C￿ts
Support
Co¥ts
2023
Total
Exp&nditur• dlrnctly allocat•d to activStie¥
Newsletter
Certifi¢al8 holdars, forum
Meeting$
Conf8rences
Larn
Member publicatlons
Support ¢08ts allo￿t•d to ictlvltl•¥
Subsulptlons and donallon8
Bursaries and Hon¢Jria
Adminislralion costs
Membershlp8
CPD 8xpon$es
Bank ¢h8rgoS
Webslte costs
Travdling eosts
Coun¢il 8xpenses
Lag81 and Professional
Attounlancy f•88
Lo$$ on forelgn currency Iran61ation
Bad debt
9,302
2,058
64,688
125.3891
9,302
2,058
64,688
125,3891
3.996
3.998
5.2(k8
1,680
13.888
5.206
1.080
13,888
704
2,229
602
762
1,409
1,648
4,015
704
2,229
762
1,409
1,848
4,01S
121
14911
14911
Tot•1
YEAR TO 30 JUNE 2022
Dlrgct
Co•t•
Support
Co•ts
2022
Totsl
Exp•ndlturn dlrnctly allecat•d to actlvltl•¥
Newsletter
C*tlfi¢al• holders, forum
M8etlngs
Confèrence8
Larn
Member publications
Support ¢o$ts allocat•d to actlvltle•
Subscriptions and don811on8
Bursaries and Honoria
Admlnlstratbon costs
Memberships
CPD expenses
Bank charges
wrtjslto Costs
Travdlin9 costs
Council expenses
Legal and Prol8$$ional
Accountancy lees
Loss on foreign I￿r￿cY tr8n8lallon
6,080
285
41,196
5.567
618
3.576
8,080
285
41,1
5,567
618
3.576
5.394
5,394
15,212
207
15,212
207
394
1.715
526
691
385
759
3.830
49
1.715
$26
691
365
759
3,830
49
Total
30,002
87.324
Included wlthln support costs are governance costs of £3,830 {2022 - £4,954)
All expenditure on charitable activities was unraslrided.
li

LABORATORY ANIMAL SCIENCE ASSOCIATION
Notes to the accounts
For the year ended 30 June 2023
S NET DEFICIT FOR THE YEAR IS STATED AFTER CHARGING:
2023
Totsl
2022
Totsl
Indewndent Examination fees
4,015
3,830
6 EMPLOYEES
There were no 8taff employed by the As8oclatlon in the year lo 30 June 2023 or 30 June 2022.
7 TRUSTEES. REMUNERATION AND BENEFITS
There were no tru8tee8' remuneration or other benefits for the year ended 30 June 2023 nor the year ended
30 June 2022,
During the year, the charitable company paid lotal travel expenses of £76212022.. £6911 to trust888.
8 TANG18LE FIXED ASSETS
Flxture8 &
Flttlng•
C¢>•t or valuatlon:
At 1 July 2022 and 30 June 2023
Dèprnelatlon..
AI 30 June 2022 and 30 June 2023
N•1 8ook Valuo:
At 30 June 2022 and 30 June 2023
9 DEBTORS
2023
2022
Trade debtors
VAT
Prepayments
Other debtors
35,194
1,853
1,303
44,334
44,658
36.309
44.658
116,161
92.148
Apart frimn prepayments, all debtors are financial instruments and are measured at present value.
12

LABORATORY ANIMAL SCIENCE ASSOCIATION
Notes to the accounts
For the year ended 30 June 2023
10 CREDITORS DUE WITHIN ONE YEAR
2023
2022
Trad8 creditors
Accruals and deferred income
VAT
Other Q￿ditOrS
9,413
81,809
2,606
34.029
32,519
10,884
35,398
27,
All creditors are financial Instruments and are measured at presènt value.
11 Unrestrlct•d Fund•
Movemont In R••ourc8•
In¢¢mlng
Outgolng
At
30 June 2023
1 July 2022
General fund
156,742
156,742
97,161
97,161
186,505)
167.398
167.398
At
1 Juty 2021
Movam•nt In Resourcos
Incomlng
Outgolng
30 Jun• 2022
General fund
168,939
168,939
75,127
75,127
187,3241
156,742
156,742
The8e funds are not by their nature allocated for any other purpose and are utili88d for the
general day to day Iranactions and operat￿)n$ of the cnaritable Gompany.
On 1 July 2016, all assets, liabilities and re8erves were introduced from the Incorporated charty
Laboralory Animal Sc*nce Associal￿n lo IhM incorporated charitable company.
12 SHARE CAprrAL
The company has no share capital and Is limited by guarantee.
13 RELATED PARTY TRANSACTIONS
Al year end, the charitable company had conducted Sale8 of £3,629 with Rxceleralg Limited, a
ompany in wh￿h a trustee has significant ¢ontrol12022.' £1,4101. The balance al year end was
£429 owed by the charitable company12022, £1,175).
13