Charity number: 1184024
BRITISH INHERITED METABOLIC DISEASES GROUP
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
BRITISH INHERITED METABOLIC DISEASES GROUP
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 - 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 15 |
BRITISH INHERITED METABOLIC DISEASES GROUP
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020
| Trustees | R Barski |
|---|---|
| Dr E Murphy | |
| Dr M Fullerton | |
| R Vara | |
| A Cozens | |
| B McDonald | |
| G Toulson | |
| A Bowron | |
| J Davison | |
| J Raiman | |
| L Aitkenhead | |
| M Barr | |
| R Skeath | |
| R Gould | |
| S Hulley | |
| S Forshaw-Hulme | |
| B O'Reilly | |
| C Dawson (appointed 12 November 2020) | |
| F Adrees (appointed 12 November 2020) | |
| S Adam (appointed 12 November 2020) | |
| Charity registered number 1184024 Principal office Hewitsons Shakespeare House Cambridge CB5 8EP Accountants Peters Elworthy & Moore Chartered Accountants Salisbury House Station Road Cambridge CB1 2LA |
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BRITISH INHERITED METABOLIC DISEASES GROUP
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2020 to 31 December 2020.
Objectives and activities
a. Policies and objectives
To relieve persons suffering from inherited metabolic disease by advancing the education of persons involved in the care and treatment of such persons and to promote research into the treatment and diagnosis of inherited metabolic disease.
The British Inherited Metabolic Disease Group (BIMDG) provides education through meetings and provision of relevant documentation such as meeting reports, care and investigative guidelines available on the website (www.bimdg.org.uk) and a twice yearly News Bulletin.
b. Main activities undertaken to further the Charity's purposes for the public benefit
The main activities undertaken by the charity is to relieve persons suffering from inherited metabolic disease by advancing the education of persons involved in the care and treatment of such persons.
The charity has complied with their duty to have due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Achievements and performance
a. Main achievements of the Charity
The 2020 AGM did not take place because of the restrictions in place, as a result of the global pandemic caused by Covid-19. As a consequence the 2020 year saw a dramatic drop in income and expenditure.
The wbsite is continually being updated and improved. The guidelines and protocols available on the wedsite attract most hits on the website.
Education grants are available to help find any healthcare professional BIMDG member to attend relevant meetings or visiting a specialist centre to gain experience in their field.
Financial review
a. 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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BRITISH INHERITED METABOLIC DISEASES GROUP
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
b. Reserves policy
The policy of the charity is to ensure that positive reserves exist in an unrestricted fund to ensure that the objectives of the charity can be satisfied.
The amount held in reserves by the charity at the year end was £64,501 (2019: £61,376) which are unresricted funds.
Structure, governance and management
a. Constitution
British Inherited Metabolic Diseases Group is a registered charity, number 1184024, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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BRITISH INHERITED METABOLIC DISEASES GROUP
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
R Barski
Date:
Dr E Murphy
25/10/2021
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BRITISH INHERITED METABOLIC DISEASES GROUP
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH INHERITED METABOLIC DISEASES GROUP ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
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BRITISH INHERITED METABOLIC DISEASES GROUP
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated:
Michael Hewett
ACA DChA
PETERS ELWORTHY & MOORE
Chartered Accountants Salisbury House Station Road
Cambridge
CB1 2LA
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BRITISH INHERITED METABOLIC DISEASES GROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Note INCOME FROM: Donations and legacies 3 Charitable activities 4 Investments 5 TOTAL INCOME EXPENDITURE ON: Charitable activities TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2020 £ 1,000 20,402 48 21,450 18,325 18,325 3,125 61,376 3,125 64,501 |
Total funds 2020 £ 1,000 20,402 48 21,450 18,325 18,325 3,125 61,376 3,125 64,501 |
As restated Total funds 2019 £ - 89,910 109 |
|---|---|---|---|
| 90,019 | |||
| 89,425 | |||
| 89,425 | |||
| 594 | |||
| 60,782 594 |
|||
| 61,376 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
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BRITISH INHERITED METABOLIC DISEASES GROUP
BALANCE SHEET AS AT 31 DECEMBER 2020
| Note CURRENT ASSETS Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NET ASSETS CHARITY FUNDS Unrestricted funds 12 TOTAL FUNDS |
- 67,501 67,501 (3,000) |
2020 £ 64,501 64,501 64,501 64,501 64,501 |
1,731 61,274 63,005 (1,629) |
2019 £ 61,376 |
|---|---|---|---|---|
| 61,376 | ||||
| 61,376 | ||||
| 61,376 | ||||
| 61,376 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
R Barski Dr E Murphy Date: 25/10/21
The notes on pages 9 to 15 form part of these financial statements.
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. GENERAL INFORMATION
British Inherited Metabolic Disease Group is a CIO registered in England and Wales.
2. ACCOUNTING POLICIES
2.1 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 2019), 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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
British Inherited Metabolic Diseases Group 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.
2.2 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.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 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 an allocation support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
2. ACCOUNTING POLICIES (CONTINUED)
2.3 EXPENDITURE (CONTINUED)
All expenditure is inclusive of irrecoverable VAT.
2.4 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.
2.5 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.
2.6 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.
2.7 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.
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.
2.8 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.
3. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2020 | 2020 | 2019 | |
| £ | £ | £ | |
| Donations | 1,000 | 1,000 | - |
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
4. INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted funds 2020 £ Membership subscriptions 9,373 Grants 10,000 Annual Conference - Workshops 1,029 20,402 Unrestricted funds 2019 £ Membership subscriptions 8,741 Annual Conference 51,293 Workshops 29,876 89,910 |
Total funds 2020 £ 9,373 10,000 - 1,029 |
|---|---|
| 20,402 | |
| Total funds 2019 £ 8,741 51,293 29,876 |
|
| 89,910 |
5. INVESTMENT INCOME
| Unrestricted funds 2020 £ Interest receivable 48 Unrestricted funds 2019 £ Interest receivable 109 |
Total funds 2020 £ 48 |
|---|---|
| Total funds 2019 £ 109 |
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
6. ANALYSIS OF GRANTS
| Summer studentships Summer studentships |
Grants to Individuals 2020 £ - Grants to Individuals 2019 £ 3,200 |
Total funds 2020 £ - |
|---|---|---|
| Total funds 2019 £ 3,200 |
7. ANALYSIS OF EXPENDITURE BY ACTIVITIES
| Medical education Activities undertaken directly 2019 £ Medical education 77,206 |
Activities undertaken directly 2020 £ 9,678 Grant funding of activities 2019 £ 3,200 |
Support costs 2020 £ 8,647 Support costs 2019 £ 9,019 |
Total funds 2020 £ 18,325 |
|---|---|---|---|
| Total funds 2019 £ 89,425 |
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
7. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)
ANALYSIS OF DIRECT COSTS
| Annual conference Bad debts Workshop costs |
Total funds 2020 £ 9,454 - 224 9,678 |
Total funds 2019 £ 76,116 1,090 - |
|---|---|---|
| 77,206 |
ANALYSIS OF SUPPORT COSTS
| Legal & professional IT, software and website Prizes Travel costs Other Committee meeting and travel costs (Governance) Independent Examination and accountancy (Governance) |
Total funds 2020 £ 1,731 1,812 - 257 408 156 4,283 8,647 |
Total funds 2019 £ 1,051 2,476 100 952 - 1,717 2,723 |
|---|---|---|
| 9,019 |
8. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examiner fee of £900 ( 2019 - £1,400 ) , and accountancy fees of of £1,600 (2019 - £1,323).
9. TRUSTEES' REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneration or other benefits (2019 - £NIL).
During the year ended 31 December 2020, no Trustee expenses have been incurred, directly or reimbursed, for travel costs (2019 - £832).
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
10. DEBTORS
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | - | 1,731 |
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income |
2020 £ - 3,000 3,000 |
2019 £ 189 1,440 |
|---|---|---|
| 1,629 |
12. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR
| UNRESTRICTED FUNDS General Funds STATEMENT OF FUNDS - PRIOR YEAR UNRESTRICTED FUNDS General Funds |
Balance at 1 January 2020 £ 61,376 Balance at 22 June 2019 £ 60,782 |
Income £ 21,450 Income £ 90,019 |
Expenditure £ (18,325) Expenditure £ (89,425) |
Balance at 31 December 2020 £ 64,501 |
|---|---|---|---|---|
| Balance at 31 December 2019 £ 61,376 |
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BRITISH INHERITED METABOLIC DISEASES GROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD
| Unrestricted funds 2020 £ Current assets 67,501 Creditors due within one year (3,000) TOTAL 64,501 |
Total funds 2020 £ 67,501 (3,000) 64,501 |
|---|---|
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
| Current assets Creditors due within one year TOTAL |
Unrestricted funds 2019 £ 63,005 (1,629) 61,376 |
Total funds 2019 £ 63,005 (1,629) 61,376 |
|---|---|---|
14. RELATED PARTY TRANSACTIONS
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2020.
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