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2024-03-31-accounts

BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Charity number 1165065

Trustees’ Report and Financial Statements

For the year ended 31 March 2024

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

CONTENTS

CONTENTS
Page
Reference and Administratve details of the Charity, its Trustees and Advisors
3
Chair’s Statement 4-5
Trustees’ Report 6-9
Independent Examiner’s Report 10
Statement of Financial Actvites 11
Balance Sheet 12
Notes to the Financial Statement 13-22

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 MARCH 2024

Trustees (as of December 2024) J Buttimore - appointed November 2021 J Carson - appointed August 2022 and appointed chair July 2023; resigned in May 2024 S Crosland - appointed November 2023 S Lloyd - resigned February 2024 P Monksfield - appointed November 2023 A Read - appointed May 2022 P Patel – appointed June 2024 A Shipsey - appointed February 2023 C Stevens - appointed May 2023, appointed Acting Chair July 2024, appointed Chair November 2024 A Wadeson - resigned August 2024 J Gibbons – appointed November 2024 Charity Registered Number 1165065 Principal Office Tapton Park Innovation Centre Brimington Road Chesterfield Derbyshire S41 0TZ Chief Executive Officer Steve Wheeldon (appointed November 2023) Accountant James Gibbons Independent Examiner Darren McNeill Treasurer Andrew Shipsey Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Monmouthshire Building Society John Frost Square Newport South Wales NP20 1PX

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Craig Stevens, MA, DESS, ELS, BANA Chair

As Chair of the Board of Trustees, I am delighted to present the BANA Annual Report for 2023/2024.

Firstly, I would like to warmly thank Jamie Carson, Ben Jackson and Andrea Wadeson, our recent previous Chairs, for their dedication and invaluable personal support. Thanks to the commitment of our Trustees and Chairs, as well as our highly dedicated office team, the Charity is doing very well and providing essential support to people living with acoustic neuroma/vestibular schwannoma (AN/VS).

We have seen a few changes within the BANA office and Board team this year. We welcomed new Chief Executive Officer (CEO) Steve Wheeldon in January 2024 at the start of an exciting new year. Two new staff members also joined the office team: Elaine Hallam and Lou Jolley as Community Support Administrators. We have strengthened our Board of Trustees with new Members and now have 8 dedicated Trustees. The Board’s collective expertise covers medical and care aspects, patient support and advice, fundraising and community building, financial management, and governance. I would like to thank all our office staff and Trustees for the amazing work they do in support of our Members.

The Charity has continued to develop the services we offer to both people living with AN/VS and their families. BANA offers both face-to-face and virtual support groups across the country in multiple locations. New and varied support groups on specific topics are now being organised and delivered by our very generous group of volunteers, with support from the office staff.

BANA held a very successful Annual Conference in October 2023. These conferences are always an important date in our calendars as they enable us to not only learn more about AN/VS and the possible care and support options, but also to network with others. This is a unique opportunity for us all to share our experiences and build our community.

Our National Acoustic Neuroma Awareness Day once again took place on 1 July, giving people the opportunity to raise awareness of the condition.

We are extremely thankful to all members for their ongoing support with their membership subscriptions, donations and fundraising. Many interesting and innovative fundraising events were organised by our members, helping to raise funds and importantly to build a sense of community and commitment to our common goals. Examples include the Vienna Marathon, London Marathon, Specsavers Bake Sale, Aberdeen Kiltwalk, Leicester Half Marathon in full surgical scrubs, Great North Run, and a sky dive.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

We look forward to providing new and innovative support actions, collaborating in research initiatives, and networking within the UK and beyond in the years ahead. We are working on many fronts to ensure that all people diagnosed with AN/VS are aware of our Charity and the support we can provide. We are also working on our website and social media channels to create the best environment possible for our community to share opinions and provide the best support we can. We are always interested in hearing from new volunteers who would like to work with us in a range of ways, so please contact the BANA office staff if you would like to find out more.

Together, we can raise awareness of AN/VS and bring positive change to those affected by the condition and their families and friends.

Craig Stevens, BANA Chair

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their Annual Report together with the Charity’s Financial Statements for the year 1 April 2023 to 31 March 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 for the Statement of Recommended Practice (SORP) (FRS 102).

Our vision statement

Our mission statement

Our objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance “Public benefit: running a charity” (PB2).

Activities and achievements

The Charity’s main activities are undertaken to further our purposes for the public benefit.

BANA is the only national charity and UK organisation focusing solely on supporting those diagnosed with Acoustic Neuroma/Vestibular Schwannoma. We provide the best support and information possible to all members of BANA along with their family, friends, carers and support networks. The Charity will also provide support and information to all people affected by Acoustic Neuroma/Vestibular Schwannoma and to professionals, including health and social care organisations.

Each member pays a membership fee of £24.75 (£32.25 if joint membership with one other person) to help cover the Charity’s running costs.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Support is given in a variety of ways. Volunteers around the UK host our support groups, both inperson and virtually. Members and non-members are welcome to attend with all participants contributing to discussions.

Our Headline News magazine is released to all members. It offers support information, updates about the BANA community, information on events and fundraising initiatives, as well as valuable articles about research and medical aspects related to AN/VS. The Charity manages closed forums and social media groups, and regularly updates help sheets and information leaflets. All our information is available in hard copy and electronically to ensure full access. We work with medical establishments and provide support information for their patients.

BANA continues to work at raising awareness with professionals and the public alike. It is estimated that nearly 1,000 people are newly diagnosed with AN/VS every year in the UK, and it is estimated that more than 20,000 people are living with the condition. AN/VS is a relatively rare condition that is not particularly well known, including by non-specialist healthcare professionals. The impact it can have on affected people and their families and friends is, however, considerable. BANA strives to increase awareness by partnering with other charities and medical establishments and supporting research projects. BANA has partnered with many research institutions across the country and intends to develop research activities further.

BANA hosts an Annual Conference that gives members opportunities to meet and hear from medical professionals about recent research, and ways to support their well-being. The conference is also an opportunity to meet others with AN/VS and their families.

Our National Acoustic Neuroma Awareness Day is held on 1 July each year, expanding into an Awareness week.

BANA now has many face-to-face support groups alongside virtual support groups, which is highly appreciated by the BANA community. These have steadily grown over the years, and we held over 40 support groups, approximately three to four a month across the UK, supporting over 350 people. These are opportunities for people to share their experiences and learn how to develop skills and resilience. Efforts have been made to support volunteers hosting support groups and new advice and knowledge mechanisms are being evaluated.

Members of the BANA Medical Advisory Panel give their time freely to answer medical questions from the members of BANA. They also participate as Board members and help to ensure that BANA is able to provide up-to-date, reliable and trustworthy information from the medical perspective.

Our Listening Ear Service volunteers continue to be a great source of support to others. Members are encouraged to engage with this volunteer service. Our volunteers all have personal experience of being diagnosed with AN/VS, whether they have had surgery, radiotherapy, or are on a watch-andwait scan protocol. In all, over 35 people received support via this service.

The support we are able to offer would be impossible without volunteers. People giving of their time and generously providing their skills and energy to help others affected by AN/VS makes all the difference.

Financial review

Going concern

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

After making appropriate enquiries, the Trustees expect that the Charity will have adequate resources to continue its operations in the near future. For this reason, they continue to adopt the “going concern” basis in preparing financial statements. Further details regarding the adoption of the “going concern” basis can be found in the accounting policies.

Reserves policy

We continue to make savings in our expenses and manage risk appropriately. We are securing core and project funding and moving to a secure and sustainable future. Our procedures and policies are updated regularly and reflect good practices in reducing and minimising risk. We will maintain our reserves policy, reflecting adequate levels of working capital required to meet the legal responsibilities of the Charity.

Structure, governance and management

Constitution

The British Acoustic Neuroma Association is a registered incorporated charity known as BANA. This report and the financial statements have been prepared following the policies set out in the Constitution adopted on 6 January 2016.

Method of appointment or election of Trustees

Charity management is the responsibility of the Trustees elected and co-opted under the terms of the Constitution. The Board meets at least four times annually to review strategy, budget, and performance. The Board is also able to convene in the event a rapid decision is required concerning the Charity’s activities or operations. All Trustees give their time voluntarily and receive no benefits from the Charity. Potential conflicts of interest are stated at the start of each meeting, ensuring that full transparency is maintained. All Trustees receive relevant documents and are provided with copies of the CEO Report, Finance Report, and Work Plan, as well as other documents required to understand the Charity’s operations and future plans. Trustees are encouraged to attend inexpensive and valid training courses as these arise.

Organisational structure and decision-making

The Board of Trustees members are the overarching charity governors, with delegated authority for the day-to-day management of all charity matters falling to the appointed officer.

During the period of this report, one Trustee resigned and two Trustees were appointed. The new Trustees appointed bring new skills to the Board.

BANA employs three office staff, including a CEO and two Community Support Administrators. Several volunteers carry out essential roles across the Charity. Our office is staffed daily to ensure that those who contact us can access the information and support they need.

Plans for future periods

Future development

We will continue to work to ensure that as many people as possible are aware of the support available from BANA and continue our efforts to increase awareness of AN/VS. We intend to boost and increasingly structure our fundraising efforts to ensure that we continue to be viable and

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

provide more services to Members. We will support and assist research projects moving forwards, wherever possible. We will continue to build on the successes of our Acoustic Neuroma Awareness Day.

We recognise that the BANA website is an important window for people across the UK and further afield and will endeavour to ensure it is up to date with the most appropriate information available. We will work to continue providing reliable sources of information and will continue to improve our communication with BANA members.

Ultimately, we will pursue with dedication our efforts to ensure that no person with an AN/VS is without support.

Approved by order of the Members of the Board of Trustees on and signed on their behalf by:

Craig Stevens (Chair of the Board of Trustees)

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

INDEPENDENT EXAMINER’S REPORT

Independent examiner’s report to the trustees of the British Acoustic Neuroma Association CIO

I report to the trustees on my examination of the accounts of the British Acoustic Neuroma Association CIO (the Trust) for the year ended 31[st] March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent examiner’s statement

I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the 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.

Signed: Darren McNeill
Name: Darren McNeill
Membership of Professional Body: Insttute of Chartered Accounts Ireland, FCA
Address: 28 Mosside Gardens, Ballymoney, Co Antrim, BT53 8QQ
Date: 20thJanuary 2025

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donatons and legacies
3
Charitable actvites
4
Other Trading Actvites
5
Investments
6
Other
7
Total Income
Expenditure on:
Raising Funds
Charitable actvites
8
Total Expenditure
Net Movement on Funds:
Reconciliaton of funds:
Total Funds brought forward
Net movement in funds
Total Funds Carried forward		 Unrestricted
Funds
2024
£
27,926
32,329
-
695
18
60,968
568
52,288
52,856
8,112
72,381
8,112
80,493		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
Total Funds
2024
2023
£
£
27,926
30,017
32,329
11,399
-
-
695
90
18
-
60,968
41,506
568
810
52,288
57,392
52,856
58,202
8,112
( 16,696)
72,381
89,077
8,112
( 16,696)
80,493
72,381

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

The notes on pages 13 to 22 form part of these financial statements.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

BALANCE SHEET

AS AT 31 MARCH 2024

Note
Fixed Assets
Tangible Assets
12
Current Assets
Stock
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net Current Assets
Total Net Assets
Charity Funds
Restricted funds
16
Unrestricted funds
17
Total Funds		 -
377
82,538
82,915
( 2,422)		 2024
2023
£
£
-
-
-
3,025
73,357
76,382
( 4,001)
80,493
72,381
80,493
72,381
-
-
80,493
72,381
80,493
72,381

The Financial Statements were approved and authorised for issue by the Trustees on 17 August 2024 and signed on their behalf by:

C Stevens

(Chair of Trustees)

The notes on pages 13 to 22 form part of these financial statements.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

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

1. Accounting Policies

1.1. 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 Acoustic Neuroma Association CIO 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.

1.2. 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.

1.3. 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.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4.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.

1.5. 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.

1.6. Tangible fixed assets and depreciation

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Ofce equipment - 25% straight line
Computer equipment - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of financial activities.

1.7. Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8. 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.

1.9. Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

1.10. 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.

1.11. Operating leases

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the lease term.

1.12. Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

1.13. 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

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

2. General information

British Acoustic Neuroma Association CIO is a charitable incorporated organisation, registered with The Charity Commission in England, registration number,1165065.

3. Income from donations and legacies

Similar incoming resources
Membership
Area group income
Donatons
Legacies		 Unrestricted
Funds
2024
£
14,222
-
13,704
-
27,926		 Total Funds
Total Funds
2024
2023
£
£
14,222
14,249
-
-
13,704
15,768
-
-
27,926
30,017

4. Income from charitable activities

Please note that fundraising income had previously been reported under ‘other trading activities’, this has been reclassified as ‘charitable activities’ (and the prior period also reclassified).

5. Income from other trading activities

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

There was £nil income from other trading activities

6. Investment income

----- Start of picture text -----
Unrestricted
Total Funds Total Funds
Funds
2024 2024 2023
£ £ £
Bank Interest 695 695 90
Other Income
2024 2023
£ £
Other Income 18 -
18 -
----- End of picture text -----

7. Other Income

8. Analysis of expenditure by activities

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

Support Costs
Analysis of support Costs
Staf Costs
28,804
Rent, rates and services
Insurance
Staf Training
Travel expenses
Telephone and postage
Printng and statonery
Magazines, leafets and books
Annual Conference
Area group support
Fundraising, publicity and website
Advertsing and Promotons
Computer Costs
Grants and Scholarships
Credit card charges
Bank Charges
Other Expenditure
Consultancy and Professional fees
Trustees expenses		 Support Costs
Support Costs
2024
2023
£
£
52,856
58,203
28,804
38,107
7,068
6,888
96
96
-
400
88
240
573
895
405
524
1,254
940
2,122
1,007
224
238
2,073
1,864
760
583
3,487
1,397
-
1,000
568
810
91
72
3,266
481
1,624
2,250
353
411
52,856
58,203

9. Independent examiner’s remuneration

2024 2023
£ £
Fees payable to the charity's independent examiner for the
independent examinaton of the charity's annual accounts - -
Fees payable to the charity's independent examiner in respect
of all other services not included above accounts		 504 420

10. Staff costs

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

2024 2023
£ £
Wages and salaries 27,638 36,217
Contributon to defned contributon pension schemes 1,166 1,890
28,804 38,107
The average number of persons employed by the charity during the year was as follows
2024 2023
No No
Charitable actvites 2.50 2.90

11. Trustee’s remuneration and expenses

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

During the year ended 31 March 2024, expenses totalling £353 were reimbursed or paid directly to Trustees (2023 £411).

12. Debtors

Trade Debtors
Prepayments and accrued income
Tax recoverable		 2024
2023
£
£
-
-
99
567
278
2,458
377
3,025

13. Creditors: Amounts falling due within one year

Other taxaton and social security
Other creditors
Accruals and deferred income		 2024
2023
£
£
-
-
1,044
3,047
1,378
954
2,422
4,001

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Research Fund
Awards for All NI
Community fund - Listening Ear
West Midlands Branch
Total funds		 Balance at 1
April 2023
£
72,381
-
-
-
-
-
72,381		 Income
£
60,968
-
-
-
-
-
60,968		 Expenditure
£
( 52,856)
-
-
-
-
-
( 52,856)		 Balance at 31
March 2024
£
80,493
-
-
-
-
-
80,493

Statement of funds - prior year

Unrestricted funds
General funds
Restricted funds
Research Fund
Awards for All NI
Community fund - Listening Ear
West Midlands Branch
Total funds		 Balance at 1
April 2022
£
76,117
1,000
7,724
3,255
981
12,960
89,077		 Income
£
41,506
-
-
-
-
-
41,506		 Expenditure
£
( 45,242)
( 1,000)
( 7,724)
( 3,255)
( 981)
( 12,960)
( 58,202)		 Balance at 31
March 2023
£
72,381
-
-
-
-
-
72,381

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

15. Analysis of net assets between funds Analysis of net assets between funds – current period

Tangible fxed Assets
Current Assets
Creditors due within 1 year
Total		 Unrestricted
Funds
2024
£
-
82,915
( 2,422)
80,493		 Restricted
Funds
Total Funds
2024
2024
£
£
-
-
-
82,915
-
( 2,422)
-
80,493

Analysis of net assets between funds – prior period

Tangible fxed Assets
Current Assets
Creditors due within 1 year
Total		 Unrestricted
Funds
2023
£
-
89,342
( 4,001)
85,341		 Restricted
Funds
Total Funds
2023
2023
£
£
-
-
( 12,960)
76,382
-
( 4,001)
( 12,960)
72,381

16. Pension commitments

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,166 (2023 - £1,890). There were no outstanding contributions payable to the fund at the balance

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BRITISH ACOUSTIC NEUROMA ASSOCIATION CIO

sheet date.

17. Officers’ liability insurance

The Charity has paid £96 (2023 - £96) for insurance cover for officers' liability covering Trustees and Staff members.

18. Operating lease commitments

At 31 March 2024, the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

2023 2023
£ £
Operatng lease rentals 7,068 6,888

19. Related party transactions

There are no further related party transactions to disclose.

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