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2020-12-31-accounts

Trustees’ Annual Report for the period

From Period start date 1[st] January 2020 To Period end date 31 December 2020

Charity name: BISMICS

Charity registration number: 1172855

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document
Para 1.17 To increase the awareness of minimally
invasive cardiac surgery in great Britain and
Ireland
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.
Para 1.17 and 1.19 Organisation of annual meeting, Running a
website regarding Minimally invasive cardiac
surgery, Coordinating a registry of cases
being carried out in the UK by Minimally
invasive techniques.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit
Para 1.18 We confirm that the trustees have had regard
to the guidance issued by the charity
commission on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making

Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
Para 1.20 Running an annual meeting to share good
practice and highlight good work being done
across the world. Setup collaborative groups
to collect and disseminate good practise in
minimally invasive cardiac surgery. Promote
the charity using an active educational
website.

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.41 Achievements against objectives set

Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Para 1.41
Other

Financial Review

inancial Review
Review of the charity’s
financial position at the end of
the period
Para 1.21 The Charity generated income for conference
and events activities, through sponsorship
and donations. At the end of the financial
year, there were surpluses of£18,100.
Statement explaining the
policy for holding reserves
stating why they are held
Para 1.22 There is no policy for holding reserves, as all
funds held are under unrestricted funds.
Amount of reserves held Para 1.22 £47,252
Reasons for holding zero
reserves
Para 1.22 N/A
Details of fund materially in
deficit
Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23 None

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted
Para 1.46
A description of the principal
risks facing the charity
Para 1.46
Other

Structure, Governance and Management

----- Start of picture text -----
Description of charity’s trusts:
Type of governing document Para 1.25 Trust deed
(trust deed, royal charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection methods Para 1.25 2 year term for Chairman, Secretary and
including details of any Treasurer.
constitutional provisions e.g.
election to post or name of
any person or body entitled to
appoint one or more trustees
----- End of picture text -----

Additional information (optional)

You may choose to include further statements where relevant about:

----- Start of picture text -----
Policies and procedures Para 1.51
adopted for the induction and
training of trustees
The charity’s organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any related Para 1.51
parties
Other
----- End of picture text -----

Reference and Administrative details

Charity name British and Irish society of Minimally invasive cardiac Surgery Other name the charity uses NA

Registered charity number 1172855
Charity’s principal address 5 The Mansion, Moorhaven, Ivybridge, PL21 0XF

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for
whole year
Name of person (or body)
entitled to appoint trustee
(if any)
1 Micheal Tolan Trustee NA
2 Ranjit
Deshpande
Trustee NA
3 Joseph
Zacharias
Trustee NA
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Corporate trustees – names of the directors at the date the report was approved

Director name

NA

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
NA

Funds held as custodian trustees on behalf of others

Description of the assets held
in this capacity
NA
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
NA
Details of arrangements for
safe custody and segregation
of such assets from the
charity’s own assets
NA

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

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

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) joseph zacharias joseph zacharias (Jan 6, 2022 21:33 GMT) Full name(s) Joseph Zacharias Position (eg Trustee Secretary, Chair, etc)

Date 05/01/2022

TAR-DOC 2020

Final Audit Report

2022-01-06

Created: 2022-01-05 By: Ali Dezyanian (adezyanian@almarbsl.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAYes5qPH2OIhOLTRzYoyKMmqJ_c4O-h0x

"TAR-DOC 2020" History

Document created by Ali Dezyanian (adezyanian@almarbsl.co.uk)

2022-01-05 - 8:04:07 PM GMT- IP address: 109.73.121.1

Document emailed to joseph zacharias (drjzacharias@gmail.com) for signature

2022-01-05 - 8:04:38 PM GMT

Email viewed by joseph zacharias (drjzacharias@gmail.com)

2022-01-05 - 10:59:16 PM GMT- IP address: 104.28.89.73

Document e-signed by joseph zacharias (drjzacharias@gmail.com) Signature Date: 2022-01-06 - 9:33:13 PM GMT - Time Source: server- IP address: 94.11.32.230

Agreement completed.

2022-01-06 - 9:33:13 PM GMT

Charity Registration No. 1172855

Company Registration No. CE010233 (England and Wales)

BISMICS

TRUSTEES REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

BISMICS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R Deshpande Mr J Zacharias Mr M Tolan Charity number 1172855 Company number CE010233 Principal address 5 The Mansion Moorhaven Ivybridge PL21 0XF Registered office 5 The Mansion Moorhaven Ivybridge PL21 0XF Independent examiner Almar Business Solutions Limited 5 Richmond Road East Finchley London Greater London N2 8JT United Kingdom

BISMICS

CONTENTS

Page
Trustees report 1
Independent examiners' report 2
Statement of financial activities 3
Balance sheet 4
Notes to the accounts 5 - 6

BISMICS

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and accounts for the year ended 31 December 2020.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the BISMICS's [governing document], the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Structure, governance and management

The BISMICS is a company limited by guarantee .... .

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr R Deshpande

Mr J Zacharias

Mr M Tolan

The Trustees has assessed the major risks to which the BISMICS is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The BISMICS's objects are

To promote and protect the good health of patients requiring cardiac surgery through the portal of an annual meeting to develop and foster interest in minimal access cardiac surgery in the UK and Ireland for surgeons to share ideas on :

e) working with industry to increase numbers of procedures performed these will aid in the advancement of health and saving lives and aid in health education.

T here has been no change in these during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the BISMICS should undertake.

Achievements and performance

Financial review

It is the policy of the BISMICS that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the BISMICS’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

On behalf of the board of Trustees

Mr R Deshpande

Trustee

Dated: 17 December 2021

BISMICS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BISMICS

I report on the accounts of the BISMICS for the year ended 31 December 2020, which are set out on pages 3 to 6.

Respective responsibilities of Trustees and examiner

The Trustees, who are also the directors of BISMICS for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Almar Business Solutions Limited

FCCA 5 Richmond Road East Finchley London Greater London N2 8JT United Kingdom

Dated: 17 December 2021

BISMICS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Incoming resources from generated funds
Incoming resources from charitable activities
2
Resources expended
3
Charitable activities
Conference expenses
Venue expenses
Total charitable expenditure
Governance costs
Total resources expended
Net income for the year/
Net movement in funds
Fund balances at 1 January 2020
Fund balances at 31 December 2020
2020
£
34,500
-
8,169
8,169
8,231
16,400
18,100
29,152
47,252
2019
£
80,717
26,782
19,240
46,022
16,123
62,145
18,572
10,580
29,152

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BISMICS

BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Current assets
Debtors
6
Cash at bank and in hand
Creditors: amounts falling due within
one year
7
Total assets less current liabilities
Income funds
Unrestricted funds
2020
£
15,251
32,281
47,532
(280)
£
47,252
47,252
47,252
2019
£
1
29,431
29,432
(280)
£
29,152
29,152
29,152

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The accounts were approved by the Board on 17 December 2021

Mr R Deshpande Mr J Zacharias Trustee Trustee Company Registration No. CE010233

BISMICS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.

2 Incoming resources from charitable activities

3 Sponsorship
Total resources expended
Charitable activities
Conference expenses
Activities undertaken directly
Venue expenses
Activities undertaken directly
Governance costs
2020
£
34,500
2020
£
-
8,169
8,169
8,231
16,400
2019
£
80,717
2019
£
26,782
19,240
46,022
16,123
62,145

4 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year .

5 Employees

There were no employees during the year.

BISMICS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6
Debtors
Other debtors
7
Creditors: amounts falling due within one year
Accruals
2020
£
15,251
2020
£
280
2019
£
1
2019
£
280

Charity Registration No. 1172855

Company Registration No. CE010233 (England and Wales)

BISMICS

TRUSTEES REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

BISMICS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R Deshpande Mr J Zacharias Mr M Tolan Charity number 1172855 Company number CE010233 Principal address 5 The Mansion Moorhaven Ivybridge PL21 0XF Registered office 5 The Mansion Moorhaven Ivybridge PL21 0XF Independent examiner Almar Business Solutions Limited 5 Richmond Road East Finchley London Greater London N2 8JT United Kingdom

BISMICS

CONTENTS

Page
Trustees report 1
Independent examiners' report 2
Statement of financial activities 3
Balance sheet 4
Notes to the accounts 5 - 6

BISMICS

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and accounts for the year ended 31 December 2020.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the BISMICS's [governing document], the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Structure, governance and management

The BISMICS is a company limited by guarantee .... .

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr R Deshpande

Mr J Zacharias

Mr M Tolan

The Trustees has assessed the major risks to which the BISMICS is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The BISMICS's objects are

To promote and protect the good health of patients requiring cardiac surgery through the portal of an annual meeting to develop and foster interest in minimal access cardiac surgery in the UK and Ireland for surgeons to share ideas on :

e) working with industry to increase numbers of procedures performed these will aid in the advancement of health and saving lives and aid in health education.

T here has been no change in these during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the BISMICS should undertake.

Achievements and performance

Financial review

It is the policy of the BISMICS that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the BISMICS’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

On behalf of the board of Trustees

Ranjit Deshpande (Dec 18, 2021 17:04 GMT)

Mr R Deshpande

Trustee

Dated: 17 December 2021

BISMICS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BISMICS

I report on the accounts of the BISMICS for the year ended 31 December 2020, which are set out on pages 3 to 6.

Respective responsibilities of Trustees and examiner

The Trustees, who are also the directors of BISMICS for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Almar Business Solutions Limited

FCCA 5 Richmond Road East Finchley London Greater London N2 8JT United Kingdom

Dated: 17 December 2021

BISMICS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Incoming resources from generated funds
Incoming resources from charitable activities
2
Resources expended
3
Charitable activities
Conference expenses
Venue expenses
Total charitable expenditure
Governance costs
Total resources expended
Net income for the year/
Net movement in funds
Fund balances at 1 January 2020
Fund balances at 31 December 2020
2020
£
34,500
-
8,169
8,169
8,231
16,400
18,100
29,152
47,252
2019
£
80,717
26,782
19,240
46,022
16,123
62,145
18,572
10,580
29,152

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BISMICS

BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Current assets
Debtors
6
Cash at bank and in hand
Creditors: amounts falling due within
one year
7
Total assets less current liabilities
Income funds
Unrestricted funds
2020
£
15,251
32,281
47,532
(280)
£
47,252
47,252
47,252
2019
£
1
29,431
29,432
(280)
£
29,152
29,152
29,152

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The accounts were approved by the Board on 17 December 2021

Ranjit Deshpande (Dec 18, 2021 17:04 GMT) Joseph Zacharias (Dec 18, 2021 14:20 GMT)
Mr R Deshpande Mr J Zacharias
Trustee Trustee

Company Registration No. CE010233

BISMICS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.

2 Incoming resources from charitable activities

3 Sponsorship
Total resources expended
Charitable activities
Conference expenses
Activities undertaken directly
Venue expenses
Activities undertaken directly
Governance costs
2020
£
34,500
2020
£
-
8,169
8,169
8,231
16,400
2019
£
80,717
2019
£
26,782
19,240
46,022
16,123
62,145

4 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year .

5 Employees

There were no employees during the year.

BISMICS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6
Debtors
Other debtors
7
Creditors: amounts falling due within one year
Accruals
2020
£
15,251
2020
£
280
2019
£
1
2019
£
280

BISMICS Financial Statement & Accounts ye 31 Dec 2020

Final Audit Report

2021-12-18

Created: 2021-12-17 By: Ali Dezyanian (adezyanian@almarbsl.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAN7AZ9v-ll-hAhmeIPF4QcAjL3Lih80hY

"BISMICS Financial Statement & Accounts ye 31 Dec 2020" Hist ory

Document created by Ali Dezyanian (adezyanian@almarbsl.co.uk)

2021-12-17 - 11:04:21 PM GMT- IP address: 109.73.121.1

Document emailed to Joseph Zacharias (drjzacharias@gmail.com) for signature

2021-12-17 - 11:05:10 PM GMT

Email viewed by Joseph Zacharias (drjzacharias@gmail.com)

2021-12-18 - 2:19:26 PM GMT- IP address: 94.11.32.230

Document e-signed by Joseph Zacharias (drjzacharias@gmail.com)

Signature Date: 2021-12-18 - 2:20:13 PM GMT - Time Source: server- IP address: 94.11.32.230

Document emailed to Ranjit Deshpande (ranjit007@hotmail.com) for signature 2021-12-18 - 2:20:15 PM GMT

Email viewed by Ranjit Deshpande (ranjit007@hotmail.com)

2021-12-18 - 5:02:54 PM GMT- IP address: 104.28.86.115

Document e-signed by Ranjit Deshpande (ranjit007@hotmail.com)

Signature Date: 2021-12-18 - 5:04:56 PM GMT - Time Source: server- IP address: 185.69.144.177

Agreement completed.

2021-12-18 - 5:04:56 PM GMT