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2021-12-31-accounts

The British Association For Parenteral and Enteral Nutrition CIO

Financial Statements for the period ended 31 December 2021

Registered Charity number 1186719 (previously 1023927)

The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Index
Page
Report of the Trustees 3-12
Statement of Trustees responsibilities 13
Report of the Independent Examiner 14
Statement of Financial Activities 15
Balance sheet 16
Accounting policies and notes to the financial statements 17-22

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Report of the trustees

The trustees are pleased to present their report together with the financial statements of The British Association for Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021. On 20 July 2020 all activities and funds were transferred to a newly registered charity The British Association For Parenteral and Enteral Nutrition CIO (Charity number 1186719) which was registered on 3 December 2019, and finances merged in the previous year’s report for 2020.

The financial statements comply with the Charities Act 2011, the Council’s Constitution and 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 (FRS102) (updated 1 January 2019).

AIMS AND OBJECTIVES

BAPEN’s objects as recorded in its Constitution were:

  1. the relief of sickness in those who have become, or are likely to become, malnourished and who are unable to consume or absorb normal food in sufficient quantities to effect recovery;

  2. the advancement of education of health workers of all kinds, patients, policy makers and the general public, in the importance of and the methods for, the prevention and treatment of malnutrition during illness;

  3. the promotion of research into all aspects of clinical nutrition and human metabolism on condition that the results of such research are published.

BAPEN’s key objectives were to:

Public Benefit

The Trustees believe that they have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission in exercising their powers and duties and in planning their objectives and activities during the year.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

ACHIEVEMENTS AND PERFORMANCE (President’s report 2021)

Throughout the last 12 months, we at BAPEN have continued with vigour and enthusiasm in working towards our vision for every individual to receive safe, timely and appropriate nutritional care in every care setting, every day. Of course, the direct and indirect impact of COVID-19 pervaded the year, and pressures across the healthcare systems were considerable. I want to extend my thanks to everyone working hard to navigate these challenges and congratulate your perseverance and dedication to your patients.

I have summarised just some of 2021’s key highlights for BAPEN below, however I would first like to extend my gratitude to all those involved in our organisation, our members and the wider nutrition, and healthcare, community. It’s truly an honour to work amongst such able and impressive colleagues, and I continue to learn from you all. I would like to give a particular shoutout to BAPEN’s Core Groups, Standing Committees and Special Interest Groups, who have, over this busy year, launched and reported on important surveys, campaigned, and published guidance, all while championing their respective goals. I would also like to mention the Covid Airborne Protection Alliance (CAPA), formerly the AGP Alliance, which is chaired by our very own Dr Barry Jones. CAPA is a group of professional organisations who have been campaigning since the beginning of the pandemic for enhanced PPE access for healthcare workers and updated IPC guidance. This is incredibly important work which is relevant to us all and the perseverance and achievements of the Alliance are really commendable. I hope this report can give you a flavour of how much valuable work goes on within various parts of our organisation.

All-Party Parliamentary Group on nutrition

In March 2021, I was invited to present on behalf of BAPEN at an All-Party Parliamentary Group (APPG) for Ageing and Older People on malnutrition. I spoke of the need for a greater and more widespread understanding of malnutrition and its prevalence in the UK. This kind of event, where we have the opportunity to communicate directly to parliamentarians, is important, arguably more so than ever considering the impact COVID has had on our health system across acute and community settings. The session was well attended, and it was fantastic to speak to such an engaged audience. APPGs are a great platform to raise awareness of issues and to reach audiences and stakeholders we may not otherwise be able to. Dianne Jeffrey, Chair of the Malnutrition Task Force (MTF) and one of BAPEN’s Trustees, also spoke at the APPG. Of course, BAPEN works closely in partnership with the MTF for UK Malnutrition Awareness Week, and our area of interest in disease-related malnutrition is complementary to their more community focused work. Together, I feel we made a compelling case, which we will continue to share in a parliamentary setting when we have the opportunity.

Memorandum of Understanding with the Nutrition Society

As a multi-disciplinary organisation, BAPEN thrives off collaborative work. In March 2021, it was a great privilege to formalise our long-standing relationship with the Nutrition Society through a Memorandum of Understanding. This brought our two organisations into closer alignment and raises the prospect of valuable partnership projects. While we have many goals and objectives in common, our areas of focus can also support and complement one another, and I look forward to seeing what we can achieve together in the future.

Inequalities in Health Alliance

In November 2020, BAPEN joined the Inequalities in Health Alliance (IHA). The IHA is a coalition of not-for-profit organisations working in health, social care and beyond who collectively campaign for a cross-government strategy to reduce health inequalities. In September 2021, the IHA wrote to Boris Johnson, outlining the need for an explicit nationwide cross-government approach to help identify the policy changes required on national

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

issues that will be relevant for all communities. The letter argued that the recovery from COVID-19 must be a turning point for the health of the nation, citing the opportunity to level up and build back better. I was pleased to be a signatory, on behalf of BAPEN, alongside 90 other senior representatives of the IHA, of this letter to the Prime Minister.

#UKMAW2021

UK Malnutrition Awareness Week 2021 marked a true highlight in BAPEN’s year. I am thrilled with the amount of support and momentum that was generated during the campaign, and I would like to thank those that got involved for their efforts. In particular, I would like to extend a special thanks to our partners at the Malnutrition Task Force for another brilliant year of collaboration!

Each year, we hope to raise awareness, spark conversations, and further understanding of the realities of malnutrition and dehydration. This year, our messaging focused around the importance of widespread involvement in the fight against malnutrition. We communicated our campaign message for people to ‘Ask, Look and Listen’, to encourage everybody to keep nutritional care on their radar. Whilst the awareness week provides a focus and a platform, I always hope that the impact of what we say continues to resonate throughout the rest of the year.

As in previous years, a huge focus of UKMAW for BAPEN was the National Screening Survey, run by the Malnutrition Action Group (MAG). I want to say a huge thank you to all those who contributed to the survey. The importance of screening cannot be overstated, and it is an incredibly productive exercise to assess the extent of malnutrition in all settings. I am keen to take the learnings from our screening surveys in previous years and compare how matters may have changed. Screening all year round is crucial, but it is also hugely important to have these concerted efforts to all screen together. We really need the whole nutrition community (and beyond) to support us in gathering data, and surveys like this are a fantastic opportunity to take stock of the on-the-ground extent of malnutrition risk, and the deployment of nutritional care across the UK. This is now our third year of running the screening survey in October, and we hope it is becoming a fixture that more and more people will engage with over time.

Annual Conference

In November/December 2021, we ran our Annual Conference, the second ever via a virtual format! The BAPEN Programmes Committee did a splendid job drawing together an insightful programme with a brilliant roster of speakers covering a rich range of topics. ‘Conference on the Couch’ was a series of webinars scheduled during the evenings which included topics such as case-based approach to feeding difficulties and dilemmas, IBD and nutrition, drugs and nutrition support and more – there was something for everyone!

It was fantastic to see so many faces, new and familiar, albeit through the screen! I think the opportunity to hear from colleagues across the UK facilitates the sharing of best practice. We are a multi-disciplinary organisation, and therefore with every subject we tackle it is important to gather views from people representing different professions. Equally important is to hear from people within different settings, in hospitals and in the community, and from different parts of the UK. Our Annual Conference offers the rare opportunity to come together in a way like no other time in our calendar, so my hope is that next year we are able to (finally!) have our conference in person once more.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Looking ahead to 2022, I am delighted to be steering the BAPEN ship as we enter a significant birthday year. 30 years of our organisation is a real milestone and I very much look forward to all the activities and plans we have in the pipeline! As a charity, we’re aiming to reflect upon, and develop, our ways of operating, our values, and our direction of travel to ensure sustained progress towards our vision in the years ahead.

FINANCIAL REVIEW (Treasurers report)

Overview

The devastating effects of the global coronavirus pandemic continued to be extremely challenging in 2021 across the charity sector. Despite these difficulties, through careful review of expenditure, and maximizing new income streams, BAPEN has seen its’ financial position continue to improve. For the fourth year in a row, a year end surplus was delivered; with a 2021 year-end surplus of £141,810 (figure 1), an increase of £102,666 surplus over the year 2020. This is an outstanding achievement for a charity whose leadership team and members have been challenged within their healthcare roles in response to the pandemic, whilst maintaining a focus on securing the stability and sustainability of the charity. The current financial position is supporting BAPEN to meet its charitable aims, and indeed should enable BAPEN to cautiously enhance its investments going forward.

Figure 1a: Summary of year end surplus/deficit

----- Start of picture text -----
£200,000
£150,000
£100,000
£50,000
£0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
(£50,000)
(£100,000)
(£150,000)
----- End of picture text -----

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

There are two key income increases seen in the year 2021. Firstly, an increase in corporate/industry sponsorship by almost £20,000, to £82,850. The significant other income is ‘MUST’ licensing. This income stream has offset the lack of an in-person conference being our main income stream. BAPEN’s overall income has risen from £237,566 in 2020 to £315,150 in 2021. A drop in expenditures has seen our reserves rise.

These successes have increased overall financial reserves to £499,474 (£357,664 in 2020, £318,520 in 2019, £277,627 in 2018). Reserves are now at a level that supports further cautious increase in activities of BAPEN in 2022 and beyond, noting that we have a significant secretariat and conference provider tender occurring in October 2022.

As a reminder, BAPEN converted from an unincorporated charity to a charitable incorporated organisation (CIO) in July 2020 with all activities and funds being transferred to the newly registered charity The British Association for Parenteral and Enteral Nutrition CIO (Charity number 1186719) which was registered on 3 December 2019.

Figure 1b: Summary of changes in income and expenditures

----- Start of picture text -----
£500,000
£400,000
£300,000
£200,000
£100,000
£0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
(£100,000)
TOTAL INCOME CORPORATE SUPPORT TOTAL EXPENDITURE YR END PROFIT/LOSS
(£200,000)
----- End of picture text -----

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Income

The total income for 2021 was £315,150, an increase from 2020 which was £237,566. It is recognized that both 2020 and 2021 both saw lower incomes than 2019 due to loss of income from conference, but the copyright license for ‘MUST’ and increase in Industry/corporate sector has generated the uplift from last year.

Figure 2: Source of Income 2021

----- Start of picture text -----
1% 1% 1%
5%
Conference
Industry
NHS England IF Registry
Regional Reps
Membership
26% Copyright
Miscellaneous (including ESPEN)
Interest Received
E-Learning
Endorsements
48% Grants/Donations
14%
3%
----- End of picture text -----

Annual Conference, 2021

Annual conference in 2021 was once again an on-line affair, which delivered excellent educational benefit but with a loss of income stream, to the extent there was an overall loss of £7,911 (income £16,928, costs £24,839, including cancellation charges of over £8,000). Usually an in-person attended conference has delivered a profit (2019 £71,805; 2018 £54,158; 2017 £30,272). The previous on-line conference did bring about a profit of £26,370 in 2020, and this will be examined in greater detail, but as 2022 conference is an in-person event, it is anticipated a return to profit should occur.

Expenditure

Overall charity expenditure of £173,340 in 2021, a drop from previous years: 2020 was £198,422, £150,501 less than 2019. With many meetings being virtual, a reduction in travel expenditure and meeting rooms was noted. Whilst conference saw an overall loss, the expenditure on conference was almost £20,000 lower than 2020. A breakdown of major costs is summarised in figure 3.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Figure 3: Summary of expenditure by category 2021

----- Start of picture text -----
1%0%2% 5%
4% 0%1%
14%
Website
Newsletters
Travel
Meetings (governance + adminstrative)
26% Database management (BANS)
Secretarial fees & costs
Other
18%
Media fees and costs
Conference
ESPEN
Education/ e-Learning
7%
22%
----- End of picture text -----

Reserves

Reserves continue to be distributed across five direct access and notice accounts with banks or building societies protected by the FSCS. These are categorized as low risk investments.

Reserves policy

Financial reserves at the end of 2021 were £499,474, an increase form 2020 which were £357,664. The charity sets a reserve policy that dictates that 12 months costs should be held in reserve. The reserves policy was reviewed in 2020 and the level set at £320,000. This includes the need to protect the charity from failure of conference as was the case in 2020 due to the coronavirus pandemic. In 2021 the conference once again was converted to an on-line event, leading to a small loss. However, unbudgeted income from a global licensing agreement mitigated losses against conference and have led to an unplanned gain in reserves and surplus of just under £180,000 against the reserves policy. This is noted and financial planning for 2022 will include a spending plan that ensures that these funds are invested into the charitable aims of BAPEN.

The current deviation from the reserves levels indicated in the reserves policy will lead to review and corrective measures being taken and updated.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Plan for 2022

Investment of charitable funds will take place in line with priorities identified in the strategic review being conducted by the charity in 2021, and under review by February 2023. It is noted that the copyright licensing incomings are one-off payments and not necessarily a guaranteed income stream. The Database management for the IF Registry is currently breaking even, but it’s resource to NHSE is highly valuable for managing Intestinal Failure services in England and requires suitable recompense for the value it holds. An increase in investment into BAPEN’s charitable aims is advised to be expanded into 2022/23

Full copies of the accounts will be available on request from the BAPEN Office or directly on the Charity Commission website.

Public Benefit

The Trustees believe that they have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission in exercising their powers and duties. Public benefits requirements are met by the charity’s aims that every individual receives safe, timely & appropriate nutritional care in every care setting, every day and by offering free membership to the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

BAPEN is governed by its Constitution signed on 26[th] May 1993 which was revised on 29th November 2011 and again on 20th November 2018. A new Constitution was approved by Trustees prior to registering the new CIO Charity on 3 December 2019. In line with the revised Constitution, the Honorary Officers are also Trustees of the Association.

The Governing Council of BAPEN meets at least twice, usually four times a year and the Executive Committee which includes up to three Honorary Senior Officers as well as the Honorary President, Secretary and Treasurer meet at least every two months, usually eight or nine times a year. Representatives of the founder organisations and associate organisations sit on the Council and chairmen of the standing committees of the association are also members of the Council. An Independent Advisory Council of individuals who have made outstanding contributions to clinical nutrition and to the association serve to oversee the activities and future strategy of the association and meet with the Executive Committee at least once a year.

Appointment, recruitment and training of trustees

The Trustees of the Association are the Honorary Officers who are elected from the members of the Association at the Annual General Meeting held in November each year. These officers are appointed for 3-year term which may be re-elected for a maximum of three terms of office. A process of succession planning is in place to ensure that the officers and therefore the Trustees retire over a staggered timeframe. Newly appointed Trustees receive copies of the annual reports and accounts for the last three years and are required to read the Charity Commission’s guidance “The Essential Trustee: What You Need to Know”.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Management of risks

The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage those risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity registered name:

The British Association for Parenteral and Enteral Nutrition

Charity registration number:

1023927

Principal office address:

Seven Elms, Dark Lane, Astwood Bank, Redditch, Worcestershire, B96 6HB

Trustees:

The following were Trustees of BAPEN during the year:

Dr Trevor Smith - President

Dr Christopher Mountford – Treasurer

Dr Dan Rogers – Secretary Dr Barry Jones – Chair of Independent Advisory Council Mr Phil Lyons MBE – External Trustee Mrs Dianne M Jeffrey CBE DL - External Trustee Dr Roger Philips – External Trustee

Council : The Council of BAPEN during the year were:

Dr. T. Smith Dr. C. Mountford Dr. D. Rogers Dr. S. Cooper (from November 2021) Ms. L. Anderson Dr. A. Rochford Ms E. Walters Ms S-J. Hughes

Ms. K. Hall Ms W-L Relph Dr A. Holdoway Ms. S. Zeraschi Ms. C. Campbell

President Treasurer Secretary Shadow Treasurer Executive Officer Executive Officer, Co-Chair (IF) BANS Executive Officer, Co-Chair (Enteral) BANS Executive Officer, Northern Ireland CoRepresentative Executive Officer Membership Officer, Co-chair NG SIG Education Officer BPNG NNNG

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Dr. J. Kogelmeier BSPGHAN Ms. K. Hall PENG Dr. P. Allan BAPEN Medical Dr. B. Jones Chair of Independent Advisory Council Mr. P. Turner Programmes, Northern Ireland Co-Representative Mrs. C. Wheatley PINNT Dr. B. Moore Nutrition Society Dr. J. Nightingale BIFA Dr Rebecca Stratton MAG Dr Rhys Hewett Wales Co-Representative Amelia Jukes Wales Co-Representative Dr Philip Stevens Scotland Representative

Independent Examiner:

Karen Hanlan ACA, ACIE Karen Hanlan Independent Examiner Ltd 1 Saracen Close Ettington CV37 7SZ

Bankers: National Westminster Bank plc Scottish Widows Bank Manchester Building Society Redwood Bank

Approved by the Board and signed on its behalf by:

Dr Sheldon Cooper Honorary Treasurer

Date: 16/10/22

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Statement of trustees’ responsibilities

The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the surplus or deficit incurred by the charity for that year. In preparing those financial statements the trustees are required to:

The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.

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 and to provide reasonable assurance that:

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Independent Examiner’s Report to the Trustees of The British Association for Parenteral and Enteral Nutrition

I report to the trustees on my examination of the accounts of the British Association for Parenteral and Enteral Nutrition (‘the Charity’) for the period ended 31 December 2021 which are set out on pages 15 to 22.

Responsibilities and basis of report

As the charity trustees 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I can 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:

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.

Karen Hanlan, Institute of Chartered Accountants, England & Wales Karen Hanlan Independent Examiner Limited 1 Saracen Close Ettington CV37 7SZ

Date :16/10/22

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Statement of Financial Activities

Note
Income from:
Donations and legacies - donations
Charitable Activities
1
Investment income - bank interest
Total income
Expenditure on:
Charitable activities
2
Total expenditure
Net income for year and net
movement in funds
Total funds brought forward
Total funds carried forward		 Total funds
2021
Total funds
2020
£
£
190
121
313,123
236,793
1,837
652
315,150
237,566
173,340
198,422
173,340
198,422
141,810
39,144
357,664
318,520
499,474
357,664

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

All funds in both 2020 & 2021 were un-restricted.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Balance sheet
Notes
Current Assets
Debtors
5
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling due within one year
6
Net current assets
Creditors: amounts falling due after one year
Net assets
Funds of the Charity:
Unrestricted Funds
Total Charity Funds		 2021
2020
£
£
297,863
52,586
415,786
435,244
713,649
487,830
(214,175)
(130,166)
499,474
357,664
-
-
499,474
357,664
-
-
499,474
357,664
499,474
357,664

The accompanying accounting policies and notes form part of these financial statements.

The financial statements have been prepared in accordance with the requirements of the Charity Commission

Approved by the Trustees and signed on their behalf by: Dr Sheldon Cooper, Trustee

Date: 16/10/22

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Principal accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared 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 (FRS102) (updated 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

In preparing these financial statements Update Bulletin 1 to the Charities SORP (FRS102) has been adopted and consequently a Statement of Cash flows has not been prepared.

The British Association for Parenteral and Enteral Nutrition meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Preparation of the accounts on a going concern basis

The financial statements have been prepared on a going concern basis which assumes that the Charity will continue to operate. The validity of this assumption is dependent upon the continuance of support from the charity's supporters and in response to the progress made by the Charity in pursuing a viable budget. The Charity's current business plan shows that the Charity will be able to operate in the foreseeable future. Based on this understanding, the trustees believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate.

c) Funds

General accumulated funds are unrestricted funds available for general purposes and include funds designated for a particular purpose; the use of such funds remains at the discretion of the trustees.

Restricted funds are funds subject to conditions imposed by the donor or by specific terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the Charity.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Principal accounting policies (continued)

d) Income

Items of income are recognised and included in the accounts when all of the following criteria are met:

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes the direct costs of activities undertaken to further the purposes of the charity and their associated support & governance costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Income is deferred when monies are received in advance relating to licences or membership commencing in the next financial year.

Bank interest is shown on the basis of amounts received in the year.

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

Cash at bank and cash 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.

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Principal accounting policies (continued)

j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Taxation

As a registered charity no provision is considered necessary for taxation.

Notes to the financial statements

1. Income from Charitable Activities

Un-restricted:
Corporate membership
Individual Affiliate / BAPEN Medical Membership
Endorsements
E-learning
Annual conference/virtual events
Projects
Copyright
Miscellaneous (Including ESPEN)		 2021
2020
£
£
82,850
63,069
10,419
10,414
-
100
4,200
1,846
16,928
68,624
43,722
43,722
151,790
45,571
3,214
3,447
313,123
236,793

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Notes to the financial statements (continued)

2. Expenditure on Charitable Activities

Charitable events & activities:
Promotion
Other charitable expenditure
Conference expenditure
Support costs:
Secretarial fees
Media Co-Ordinator
Office costs
Bad debts
Database Management
Travel
Meetings
ESPEN
Stationery
Bank charges
Bookkeeping & Accountancy
Insurance
Governance costs:
Meetings
Legal & professional fees
Independent Examiner's fee
Total charitable expenditure		 2021
2020
£
£
14,406
19,133
3,739
8,623
24,839
42,254
42,984
70,010
35,000
35,000
30,365
30,000
4,263
4,468
1,000
-
45,204
35,568
248
2,908
-
917
2,213
2,250
162
140
623
1,219
3,642
4,363
2,336
2,454
125,056
119,287
2,000
1,822
2,100
5,303
1,200
2,000
5,300
9,125
173,340
198,422

3. Staff costs, trustee remuneration and expenses

The Charity has no employees and uses the services of contractors to deliver its events and activities.

No remuneration was paid to trustees. During the year no travel expenses were claimed by trustees to reimburse them for the costs incurred in attending BAPEN meetings (2020 - £461.70).

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Notes to the financial statements (continued)

4. Merger accounting – prior year

A new Charity, the British Association for Parenteral and Enteral Nutrition CIO (Charity number 1186719), was registered by the Charity Commission on 3 December 2019. Under a transfer agreement dated 20 July 2020 the undertaking and assets of the old charity (the British Association for Parenteral and Enteral Nutrition, charity number 1023927) were transferred to the new charity who then took on all activities previously undertaken by the old charity. This old charity was removed by the Charity Commission on 18 August 2020. As required by section 27 of the SORP the transaction was accounted for as a merger in the 2020 accounts and results pre & post-merger were combined when producing the financial statements as follows:

2020
Total income
Total expenditure
Net income and net movement in funds		 Old charity
pre-merger
New charity
post- merger
Combined
total
£
£
£
114,527
123,039
237,566
(78,980)
(119,442)
(198,422)
35,547
3,597
39,144

All funds pre and post-merger were unrestricted and the new charity did not commence activity until the date of the merger.

An analysis of the net assets at the date of merger is as follows:

Cash at bank
Debtors
Creditors
Total un-restricted funds transferred		 Old charity
New charity
Combined
total
£
£
£
344,927
-
344,927
42,954
-
42,945
(33,805)
-
(33,805)
354,076
-
354,076

5. Debtors

Trade debtors
Prepayments		 2021
2020
£
£
252,905
18,515
44,958
34,071
297,863
52,586

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The British Association For Parenteral and Enteral Nutrition CIO for the period ended 31 December 2021

Notes to the financial statements (continued)

6. Creditors: amounts falling due within one year

Trade creditors
Accruals
Deferred income
VAT
Movements in deferred income are as follows:
At beginning of year
Released to income in year
Deferred in year
At end of year		 2021
2020
£
£
2,248
15,907
2,000
2,400
169,133
85,123
40,794
26,736
214,175
130,166
£
£
85,123
2,708
(85,123)
(2,708)
169,133
85,123
169,133
85,123

Deferred income relates to copyright fees and licence fees received in advance.

7. Controlling Interests

The charity is controlled by the trustees.

8. Related party transactions

There were no transactions with related parties during the year.

22