REGISTERED COMPANY NUMBER: 06634531 (England and Wales)
REGISTERED CHARITY NUMBER: 1181666
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
FOR
BACD
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
BACD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13
----- End of picture text -----
BACD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended30June2024.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ItistheaimoftheCharitytoadvancetheeffective,safeandethicalpracticeofaestheticmedicinetothebenefitof all
concernedthroughleadership,provisionofinformation,education,support,professionaldevelopmentand the
maintenance of the highest professional standards.
The objects of the Charity shall be:
(a) the relief of sickness and the promotion of health, in particular by:
i. promoting and encouraging the study and practice of aesthetic medicine;
ii. promoting research and audit of aesthetic medicine and publishing the useful results of it;
iii. recommending standards of training in aesthetic medicine;
iv.maintainingthehighestprofessionalstandardsinpracticeofaestheticmedicineinrelationtoclinicalpractice and
patient care;
v. advancing the effective, safe and ethical practice of aesthetic medicine;
vi.promotingtheprevention,diagnosisandeffectivetreatmentofdiseases,disordersandconditionsinrelationto the
practice of aesthetic medicine; and
(b) the advancement of education, in particular by:
i. providing educational information and advice to the public and patients
ii.facilitatingcontactbetweenmembersofthecharityandotherindividualsandorganisationsconcernedwiththe study
andpracticeofaestheticmedicine,particularlywiththeaimofencouragingtheexchangeofclinicalexperience, scientific
thought and investigation;
iii.collaboratingwithmedical,academicandotherinstitutionsintheUKandworldwideinthepracticeand development
of aesthetic medicine;
iv. providing educational and professional development activities and opportunities for doctors;
v.adviseandmakerepresentationstomedical,governmental,regulatoryandothersuchbodiesasmaybe concerned
with any of the aspects of aesthetic medicine; and
vi. providing information, guidance and advice on aesthetic medicine and associated health issues.
Significant activities
Themainactivitiesofthecharityhavebeentheadvancementofeducationthroughitsconference,facilitating contact
betweenmembersofthecharityandotherindividualsandorganisationsconcernedwiththestudyandpractice of
AestheticMedicineandcollaboratingwithmedical,academicandotherinstitutionsintheUKinthepractice and
development of Aesthetic Medicine.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
TheTrusteeshavehaddueregardtotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charity's
activities.
Thecharityhascontinuedtoworkwithanumberofgovernmentalandnon-governmentalorganisationssuchas the
GeneralMedicalCouncil,theGeneralDentalCouncilandtheDepartmentofHealthandSocialCareinstrengthening the
training,regulation,developmentofstandardsanddeliveryofaestheticmedicaltreatmentsaimedatimprovingsafety for
membersofthepublic.ThecharityhasalsointroduceditsmembershipexaminationandisdevelopinglinkswithJCCP in
relation to accreditation to further enhance public protection and confidence in the profession.
Thecharitycontinuestoprovidecontentthroughit'swebsiteandsocialmediachannelstodelivereduction,support and
information to the public.
TheCollegedeliveredtheBCAMconferencewhichagainwaswidelypraisedforitseducationalcontentandsupportto the
profession and to improve health and wellbeing in patients.
Page 1
BACD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
FINANCIAL REVIEW
Financial position
TheBritishCollegeofAestheticMedicineisgratefultoitssupporters,sponsorsandmemberswhoseloyaltyenables the
Collegetopursueitsaimsofadvancingtheeffective,safeandethicalpracticeofaestheticmedicinetothebenefitof all
concerned,throughleadership,provisionofinformation,education,support,professionaldevelopmentand the
maintenanceofthehighestprofessionalstandards.Thestatementoffinancialactivitiesshowsnetincomefortheyear to
30th June 2024 of £1,071 (2023 : net expenditure of £13,734).
Reserves policy
Thegeneralreservesasof30thJune2024standsat£350,528.Thisishigherthanthereservespolicyandwillbe utilized
onthefutureprojects.Thecharity'spolicyonreservesistomaintainalevelofreservessuchthatthecharityholds a
level of working capital to operate effectively.
InlinewithacontinuingriskassessmentprocesstheBoardofTrusteesremainconfidentinthefinancial governance
whichismonitoredthroughtheproductionandreviewofmanagementaccountsandriskregister.Where appropriate
systemsandprocessesareinplacetomitigateidentifiedrisks.Externalriskintermsofmembershipsubscriptions and
conferenceparticipationismonitoredregularlythroughtheprofessionalservicesteamandtheBoardof Trustees
alongsidethebusinessplanningprocesswhichreviewstheopportunitiestogrowand/ordiversifythrougha combination
ofcorporatepartnershipsandafocusoncorestrategicactivitieslikelytowidenmembership,includingsimplifying and
widening membership eligibility.
Going concern
The trustees currently have no concerns regarding the future of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
(1)AnyFull,FelloworLifeMemberoftheCharitywhoiswillingtoactasaTrustee;iseligibleundertheseArticlesand is
permitted by law to do so, may be appointed to be a Trustee
(a) by Special Resolution of the Charity at General Meeting or
(b) by election, in accordance with the requirements of these Articles or
(c) by a decision of the Trustees.
(2)Inanycasewhere,asaresultofdeath,thecharityhasnomembersandnoTrustees,thepersonalrepresentatives of
the last member to have died have the right, by notice in writing, to appoint a person to be a Trustee.
(3)Forthepurposesofparagraph(2),where2ormoremembersdieincircumstancesrenderingituncertainwho was
the last to die, a younger member is deemed to have survived an older member.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06634531 (England and Wales)
Registered Charity number
1181666
Registered office
The Harley Building
77 New Cavendish Street
London
W1W 6XB
Page 2
BACD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024
Trustees
Dr J Elder
Dr C Fairris Chair
Dr B Kaur
Dr A E Zatonska (resigned 30/1/25)
Dr S Shotter
Dr M Bawa
Dr N Demosthenous
Dr H Hassan (appointed 11/3/25)
Dr A El Houssieny (appointed 11/3/25)
Dr D Panchalingham (appointed 11/3/25)
Company Secretary
Independent Examiner
Tanja Lawes
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Approved by order of the board of trustees on 27 March 2025 and signed on its behalf by:
Dr C Fairris - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BACD
Independent examiner's report to the trustees of BACD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountants in
England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tanja Lawes
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
28 March 2025
Page 4
BACD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
379,086
Investment income
2
2,495
Total
381,581
EXPENDITURE ON
Raising funds
3,875
Charitable activities
Training and Educational
376,635
Total
380,510
NET INCOME/(EXPENDITURE)
1,071
RECONCILIATION OF FUNDS
Total funds brought forward
349,457
TOTAL FUNDS CARRIED FORWARD
350,528 |
2023
Total
funds
£
338,672
996
339,668
-
353,402
353,402
(13,734)
363,191
349,457 |
|
|
The notes form part of these financial statements
Page 5
BACD
BALANCE SHEET 30 JUNE 2024
2024
Unrestricted
fund
Notes
£
FIXED ASSETS
Intangible assets
8
11,811
Tangible assets
9
3,081
14,892
CURRENT ASSETS
Debtors
10
174,052
Cash at bank and in hand
475,797
649,849
CREDITORS
Amounts falling due within one year
11
(314,213)
NET CURRENT ASSETS
335,636
TOTAL ASSETS LESS CURRENT LIABILITIES
350,528
NET ASSETS
350,528
FUNDS
12
Unrestricted funds
350,528
TOTAL FUNDS
350,528 |
2023
Total
funds
£
21,601
1,427
23,028
160,490
464,965
625,455
(299,026)
326,429
349,457
349,457
349,457
349,457 |
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 30 June 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 June 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon27March2025and were
signed on its behalf by:
C Fairris - Trustee
The notes form part of these financial statements
Page 6
BACD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Fixtures and fittings- 15% on reducing balance
Computer equipment- Straight line over 3 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
There is only one fund and this is unrestricted.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
2024 |
2023 |
|
£ |
£ |
Deposit account interest |
2,495 |
996 |
continued...
Page 7
BACD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2024 |
2023 |
|
£ |
£ |
Depreciation - owned assets |
1,195 |
973 |
Computer software amortisation |
9,790 |
9,790 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2024norfortheyear ended
30 June 2023.
The trustees received payments in respect of loss of earnings amounting to £28,000 (2023 : £12,280).
Trustees' expenses
Thereweretrusteesexpensesof£4,957fortheyearallrelatingtotravelandhotelaccommodationcosts(2023 :
£690).
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
ThekeymanagementpersonnelofBACDduringtheyearcomprisethetrustees,theChiefOperatingOffice and
the office manager whose employee benefits total £63,461 (2023 : £52,168).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
338,672 |
Investment income |
996 |
Total |
339,668 |
EXPENDITURE ON |
|
Charitable activities |
|
Training and Educational |
353,402 |
NET INCOME/(EXPENDITURE) |
(13,734) |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
363,191 |
TOTAL FUNDS CARRIED FORWARD |
349,457 |
continued...
Page 8
BACD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
7. INDEPENDENT EXAMINERS FEE
Theaccountsinclude£4,520(2023:£3,250)forfeespayabletotheIndependentExaminerinrespectofthe year
ended30thJune2024,ofthis£4,045(2023:£2,800)representsthecostofpreparingtheaccountsand other
financial services during the year and £475 (2023 : £450) represents the Independent Examiners Fees).
8. INTANGIBLE FIXED ASSETS
9.
Development
costs
£
COST
At 1 July 2023 and 30 June 2024
126,500
AMORTISATION
At 1 July 2023
126,500
Charge for year
-
At 30 June 2024
126,500
NET BOOK VALUE
At 30 June 2024
-
At 30 June 2023
-
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 July 2023
1,410
Additions
1,908
At 30 June 2024
3,318
DEPRECIATION
At 1 July 2023
1,067
Charge for year
339
At 30 June 2024
1,406
NET BOOK VALUE
At 30 June 2024
1,912
At 30 June 2023
343 |
Computer
software
£
57,701
36,100
9,790
45,890
11,811
21,601
Computer
equipment
£
3,230
941
4,171
2,146
856
3,002
1,169
1,084 |
Totals
£
184,201 |
Totals
£
184,201 |
|
|
162,600
9,790 |
|
|
|
172,390 |
|
|
|
11,811 |
|
|
|
21,601 |
|
|
|
Totals
£
4,640
2,849
7,489
3,213
1,195
4,408
3,081
1,427 |
|
|
|
|
7,489 |
|
|
|
3,213
1,195 |
|
|
|
4,408 |
|
|
|
3,081 |
|
|
|
1,427 |
continued...
Page 9
BACD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.23
£
349,457
349,457
Incoming
resources
£
381,581
381,581
At 1.7.22
£
363,191
363,191 |
2024
2023
£
£
141,996
141,028
452
-
31,604
19,462
174,052
160,490
2024
2023
£
£
3,791
2,383
13,307
13,477
1,190
685
295,925
282,481
314,213
299,026
Net
movement
At
in funds
30.6.24
£
£
1,071
350,528
1,071
350,528
Resources
Movement
expended
in funds
£
£
(380,510)
1,071
(380,510)
1,071
Net
movement
At
in funds
30.6.23
£
£
(13,734)
349,457
(13,734)
349,457 |
2023
£
141,028
-
19,462 |
|
|
|
160,490 |
|
|
|
2023
£
2,383
13,477
685
282,481 |
|
|
|
299,026 |
|
|
|
At
30.6.24
£
350,528 |
|
|
|
350,528 |
|
|
|
1,071 |
|
|
|
At
30.6.23
£
349,457 |
|
|
|
349,457 |
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12. MOVEMENT IN FUNDS
continued...
Page 10
BACD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
339,668
339,668 |
Resources
Movement
expended
in funds
£
£
(353,402)
(13,734)
(353,402)
(13,734) |
Resources
Movement
expended
in funds
£
£
(353,402)
(13,734)
(353,402)
(13,734) |
|
|
|
(13,734) |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.22
£
363,191
363,191 |
Net
movement
in funds
£
(12,663)
(12,663) |
At
30.6.24
£
350,528 |
|
|
|
350,528 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
721,249
721,249 |
Resources
Movement
expended
in funds
£
£
(733,912)
(12,663)
(733,912)
(12,663) |
Resources
Movement
expended
in funds
£
£
(733,912)
(12,663)
(733,912)
(12,663) |
|
|
|
(12,663) |
13. RELATED PARTY DISCLOSURES
BACD is the sole member of BCAM Academy Ltd, a company limited by guarantee without share capital.
Thecompanysecretary,PADobson(whoresignedon17thJuly2024)isadirectorofLCSHealthcareLtd, a
companywhichwaspaid£3,000(2023:£3,000))and£4,000(2023:£4,000)inrespectofResponsible Officer
fees and company secretarial fees respectively.
continued...
Page 11
BACD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
14. DEFERRED INCOME
Deferredincomecomprisesofadvancemembershipsfeesrelatingtothefollowingyearandfor conference
exhibition and registration fees for the conference being held in September 2024.
Page 12
BACD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
INCOME AND ENDOWMENTS
Donations and legacies
Conferences
Appraisals
Subscriptions
Sponsors
Grants
Mentoring
Educational Sessions
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Bad debts
Charitable activities
Wages
Pensions
Insurance
Telephone
Postage and stationery
Public relations & advertising
Sundries
Travel & subsistence
Staff training
Accountancy
Legal expenses
Committee meetings
Rent
Conference expenses
Appraisals
Computer costs
Consultancy
Trustees Loss of Earnings
Computer software
Fixtures and fittings
Computer equipment
Support costs
Finance
Bank charges
Total resources expended
Net income/(expenditure) |
2024
£
153,402
47,000
168,976
2,500
-
208
7,000
379,086
2,495
381,581
3,875
157,818
3,287
4,374
4,348
1,910
14,183
825
8,821
575
4,520
2,469
5,672
3,600
74,820
30,342
11,205
6,250
28,000
9,790
339
856
374,004
2,631
380,510
1,071 |
2023
£
143,330
45,750
144,592
-
5,000
-
-
338,672
996
339,668
-
134,685
2,891
2,442
3,962
1,406
10,473
1,443
3,944
12,282
3,250
1,364
3,256
3,600
91,784
30,365
9,789
11,600
12,280
9,790
60
913
351,579
1,823
353,402
(13,734) |
|
|
|
This page does not form part of the statutory financial statements
Page 13