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2023-11-30-accounts

Charity Number: 1187794

British Burn Association

Unaudited report and financial statements For the year ended 30 November 2023

British Burn Association

Contents

For the year ended 30 November 2023

Reference and administrative information ...................................................................................... 1 Board of Trustees’ annual report .................................................................................................... 3 Independent examiner’s report .................................................................................................... 12 Statement of financial activities (incorporating an income and expenditure account) ................... 14 Balance sheet ............................................................................................................................... 15 Notes to the financial statements ................................................................................................. 16

British Burn Association

Reference and administrative information

For the year ended 30 November 2023

The organisation is a charity, registered in England and Wales.

Charity number 1187794

Governing Document The charity is a CIO, governed by a constitution.

Summary of To invest and deal with any money not immediately required for its objects Investment Powers in or upon any investments, securities, or property. Registered office 38-43 Lincoln's Inn Fields and operational London address WC2A 3PE

Board of Trustees

Odhran Shelley Chair Kayvan Shokrollahi Deputy Chair & Communications Director Victoria Dudman Secretary & Fundraising Chair Nikolaos Arkoulis Treasurer from 18.4.24. Full Trustee from 4.4.24, coopted from 1.1.24. Andrew Williams Treasurer & Education Chair to 1.1.24 Simon Booth Research Chair Emily Huddleston Nicole Lee Prevention Chair Preetha Muthayya Trustee to 21.6.23. Overseas Chair Laura Shepherd Brendan Sloan Ascanio Tridente From 21.6.23. Sankhya Sen Co-opted Trustee from 1.1.24 Claire Black Co-opted Trustee from 4.4.24

Bankers Lloyds Independent Noelia Serrano 1 Calthorpe Road Examiner c/o Sayer Vincent LLP Edgbaston Chartered Accountants Birmingham 110 Golden Lane B15 1QL London EC1Y 0TG 16 Market Place, Oldham Lancashire OL1 1JG

1

British Burn Association

Reference and administrative information

For the year ended 30 November 2023

Bankers CCLA Investment Management 80 Cheapside London EC2V 6DZ

2

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

The Board of Trustees presents their report and the financial statements for the year ended 30 November 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Appointment of Trustees

The Board of Trustees is elected by the Association from its professional membership and is ratified at the annual general meeting. It consists of ten members who are all Trustees of the Charity for charity law purposes. The Board has the power to co-opt additional members to ensure equitable representation of the main professional groups involved in burn care.

Odhran Shelley Chair Kayvan Shokrollahi Deputy Chair & Communications Director Victoria Dudman Secretary & Fundraising Chair Nikolaos Arkoulis Treasurer from 18.4.24. Full Trustee from 4.4.24, coopted from 1.1.24. Andrew Williams Treasurer & Education Chair to 1.1.24 Simon Booth Research Chair Emily Huddleston Nicole Lee Prevention Chair Preetha Muthayya Trustee to 21.6.23. Overseas Chair Laura Shepherd Brendan Sloan Ascanio Tridente From 21.6.23. Sankhya Sen Co-opted Trustee from 1.1.24 Claire Black Co-opted Trustee from 4.4.24

All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts.

Objectives & Activities

Purposes & Aims

The Objects of the CIO are, for the public benefit, the relief of those suffering from burn injuries by:

3

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

The Board of Trustees reviews the aims, objectives and activities of the charity each year. This report outlines what the charity has achieved and the outcomes of its work in the reporting period. The Board of Trustees reports the success of each key activity and the benefits the charity has brought to the groups of people it is set up to help. The review also helps the Board of Trustees to ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The Board of Trustees is pleased to report that they have referred to the Charity Commission’s guidance on public benefit in their annual review of aims and objectives and will continue to do so in all future planning of the charity’s activities. They believe that benefits to burn-injured people and their families will be maintained and enhanced by the Association’s work.

The Board of Trustees may establish formal mechanisms for information exchange with other bodies or societies (including health service and governmental agencies) deemed to share common cause with the Association or where such liaison is likely to lead to more effective pursuit of the aims of the Association.

Achievements & Performance

4

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

plastic surgery training and is used as a performance indicator in the country’s National Burn Care Standards.

The Prevention SIG’s lobbying of Government regarding nitrous oxide cold burn injuries was a great success and has seen nitrous oxide being categorised as a class B drug.

The SIG has supported an NHS England surgical fire reduction educational programme to raise staff awareness of fire risk and chemical injury treatment. An e-bike and scooter campaign is currently underway to raise awareness and support the introduction of an Electrical Safety Bill relating to the danger of lithium batteries.

5

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

entry into a specialist Burn Care Service. Burn Care Services need to be assessed for compliance with the standards and outcomes set out in the document. It is hoped that by doing so, equitable provision of burn care will be ensured for patients and their families.

6

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

information. Dr Laura Shepherd guest edited a special issue of the European Burns journal entitled “Enhancing Psychosocial Burns Care” with a number of the articles being authored by members of the Psychosocial SIG.

7

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

Financial Review

The BBA’s financial position has improved over the financial year with a record number of EMSB courses being held to meet the increased demand following the cessation of courses over the Covid-19 pandemic. The Dublin Conference was a great educational and financial success and membership numbers have increased as new members joined the group membership scheme. The Association’s investments remained stable with a good income received from investments. Overall, a healthy surplus was made, boosting the Association’s total funds carried forward. The BBA’s Risk Assessment Register lists potential risks, potential impact, steps and actions taken to mitigate risk as well as the likelihood, impact and timing of the risk. The Risk Register is reviewed annually.

Reserves Policy & Going Concern

Reserves are held as a contingency to enable the Association to continue to function following exceptional adverse events e.g. if the Annual Conference or EMSB courses were cancelled or failed, or if the Association experienced a dramatic decline in its membership. A reserve is also held to fund future expenditure related to the stated aims and purpose of the Association i.e. education, prevention, standards and research into burn injury.

The Association’s reserves policy is to retain a minimum of 12 months normal operating expenditure as free reserves (those not held as restricted or endowment funds). Should the reserve drop below 12 months operating expenditure, the Trustees would review the delivery of the annual conference and consider alternative methods such as a virtual or hybrid format. On 30 November 2023, retained free reserves amounted to £329,632 which is approximately 1.2 years expenditure, based on the current year.

The BBA finances are in a healthy state with good income streams from the Annual Conference, the EMSB courses and the membership subscriptions.

The Dublin 2023 conference attracted an excellent number of attendees and was a great educational and financial success. A joint conference with the International Society for Burn Injuries (ISBI) is planned for August 2024 and the Association is responsible for 30% of the conference finances and will receive 30% of any surplus. A record number of EMSB courses were held in 2022/23 to meet the increased demand for the course due to its cancellation over the Covid pandemic. The demand for the course is now returning to pre-pandemic levels and a steady income stream is anticipated for the coming year. The BBA’s membership numbers continue to rise with the introduction of the Anaesthetics and Critical Care SIG in response to the generous donation from ABRA. The advent of the Group Membership scheme has also encouraged new

8

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

members to join in 2024 and the scheme now includes four burn services. The development of the Educational Platform and its content is a new initiative led by the Education Chair with the potential to create a new income stream for the Association in the longer term.

The Statement of Financial Activities shows that a surplus was made on the year to 30[th] November 2023 and the trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Plans for the future

9

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

Structure, Governance & Management

Governing Document

The British Burn Association is a charitable incorporated organisation with a constitution of a charitable incorporated organisation with voting members other than its Trustees, registered in England and Wales on 6 February 2020.

The BBA changed its legal status to a charitable incorporated organisation (CIO) and on 6[th] February 2020, the new CIO was entered on the Register of Charities with the registered Charity number 1187794. Assets were transferred from the unincorporated charity to the CIO on 1[st] April 2020 and the unincorporated charity was closed. The CIO has a new constitution and the aims and objectives are based on those of the unincorporated charity.

Related Parties & Relationships with Other Organisations

Statement of responsibilities of the trustees

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

10

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2023

The trustees are responsible for keeping proper accounting records that 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. They are also responsible for safeguarding the assets of the charity and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent Examiner

Noelia Serrano FCA was appointed as the Charity's independent examiner during the year and has expressed her willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on 27 June 2024 and signed on their behalf by

Odhran Shelley - Chair

11

Independent examiner’s report

To the members of

British Burn Association

Independent examiner’s report to the trustees of British Burn

Association.

I report to the trustees on my examination of the accounts of British Burn Association. for the year ended 30 November 2023.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the 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 trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

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

I report in respect of my examination of the CIO’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 Charity’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 Accounts in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

12

Independent examiner’s report

To the members of

British Burn Association

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. 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.

Name: Noelia Serrano, FCA Address: Sayer Vincent LLP, 110 Golden Lane, London, EC1Y 0TG

12 September 2024

13

British Burn Association

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 November 2023

Note
Income from:
3
4
Donations for Prizes
5
6
11
17a
Reconciliation of funds:
Subscriptions & merchandising
Charitable activities
Donations
Conference and course fees
Burns educational game
Total expenditure
Charitable activities
Total income
Expenditure on:
Investments
Small donations
Association of Burns and
Reconstructive Anaestheists
Net gains/(losses) on investments
Net income before net gains/(losses)
on investments
Net movement in funds
Total funds carried forward
Total funds brought forward
Endowment
£
-
-
-
-
-
-
-
Restricted
£
-
-
-
-
500
-
6,587
Unrestricted
£
23,636
16,490
447
289,977
-
5
10,567
341,122
257,972
257,972
-
83,150
246,482
329,632
83,150
2023
Total
£
23,636
16,490
447
289,977
500
5
17,154
348,209
277,373
277,373
3,824
74,660
543,755
618,415
70,836
2022
Total
£
22,636
-
200
208,390
500
13
6,236
- 7,087 237,975
- 19,401 202,756
- 19,401 202,756
3,824
-
-
(12,314)
(17,164)
35,219
3,824
128,737
(12,314)
168,536
18,055
525,700
132,561 156,222 543,755

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17a to the financial statements.

14

British Burn Association

Balance sheet

As at 30 November 2023

Note
Fixed assets:
11
Current assets:
12
Liabilities:
13
16a
17a
Total charity funds
Endowment funds
Investments
Cash at bank and in hand
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Unrestricted general funds
Restricted income funds
Debtors
£
6,232
510,398
2023
£
132,561
£
4,854
437,370
2022
£
128,737
132,561
485,854
128,737
415,018
516,630
30,776
442,224
27,206
618,415 543,755
132,561
156,222
329,632
128,737
168,536
246,482
618,415 543,755

Approved by the trustees on 27 June 2024 and signed on their behalf by

Odhran Shelley - Chair

15

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

a) Statutory information

The British Burn Association converted from a charity to a Charitable Incorporated Organisation ('CIO'), with the assets, liabilities and activities transferring to the CIO as at 1 April 2020. The new CIO was registered with the Charity Commission in England & Wales on 6 Feb 2020, number 1187794. The registered office and operational address is 35-43 Lincoln's Inn Fields, London, WC2A 3PE.

b) Basis of preparation

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The BBA finances are in a healthy state with good income streams from the Annual Conference, the EMSB courses and the membership subscriptions.

The Dublin 2023 conference attracted an excellent number of attendees and was a great educational and financial success. A joint conference with the International Society for Burn Injuries (ISBI) is planned for August 2024 and the Association is responsible for 30% of the conference finances and will receive 30% of any surplus. A record number of EMSB courses were held in 2022/23 to meet the increased demand for the course due to its cancellation over the Covid pandemic. The demand for the course is now returning to prepandemic levels and a steady income stream is anticipated for the coming year. The BBA’s membership numbers continue to rise with the introduction of the Anaesthetics and Critical Care SIG in response to the generous donation from ABRA. The advent of the Group Membership scheme has also encouraged new members to join in 2024 and the scheme now includes four burn services. The development of the Educational Platform and its content is a new initiative led by the Education Chair with the potential to create a new income stream for the Association in the longer term.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the net reporting period

16

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

Income is recognised when the CIO has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Donations and gifts are included in full in the Statement of Financial Activities when receivable. Intangible income and gifts in kind are not included unless they represent goods or services which would have otherwise been purchased, in which case they are valued and brought in as income and the appropriate expenditure. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

The endowment fund is classed as a permanent endowment and comprises the capital provided from the original donation, plus accumulated unrealised gains or losses on the underlying investments. Income generated by the fund is allocated to a restricted income fund.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

17

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

k) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The CIO does not acquire put options, derivatives or other complex financial instruments.

l) Debtors

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

n) Creditors and provisions

o) Financial instruments

2 Detailed comparatives for the statement of financial activities

Total funds carried forward
Expenditure on:
Total income
Charitable activities
Net income and net movement in funds
Total expenditure
Net income before gains on investments
Net losses on investments
Total funds brought forward
Investment income
Charitable activities:
Subscriptions & merchandising
Conference and course fees
Burns educational game
Income from:
Donations
Donations for Prizes
Endowment
£
-
-
-
-
-
-
£
-
-
-
500
-
4,319
Restricted
Unrestricted
£
22,636
200
208,390
-
13
1,917
2022
Total
£
22,636
200
208,390
500
13
6,236
- 4,819 233,156 237,975
- 500 202,256 202,756
- 500 202,256 202,756
-
(17,164)
4,319
-
30,900
-
35,219
(17,164)
(17,164)
145,901
4,319
164,217
30,900
215,582
18,055
525,700
128,737 168,536 246,482 543,755

3 Subscriptions & merchandising

Subscriptions & merchandising
Merchandising income
Subscriptions
Total
Unrestricted
£
84
23,552
2023
Total
£
84
23,552
Unrestricted
£
401
22,235
2022
Total
£
401
22,235
23,636 23,636 22,636 22,636

All income from subscriptions and merchandising in both periods is unrestricted.

18

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

4 Conference and course fees

Annual & other conference fees
EMSB course fees
Total conference and course fees
Unrestricted
£
174,273
115,704
2023
Total
£
174,273
115,704
£
120,326
88,064
Unrestricted
2022
Total
£
120,326
88,064
289,977 289,977 208,390 208,390

All income from conferences and courses in both periods is unrestricted.

5 Income from investments

Bank and other interest
Total
£
6,587
Restricted
Unrestricted
£
10,567
2023
Total
£
17,154
£
4,319
Restricted
Unrestricted
£
1,917
2022
Total
£
6,236
6,587 10,567 17,154 4,319 1,917 6,236

6 Costs of charitable activities

Costs of charitable activities
Annual & other conference expenses
Educational Platform
EMSB expenses
EMSB PayPal charges
Research grants and prizes
Support costs
SLA BAPRAS
Website, office costs and subscriptions
Bank charges and miscellaneous
Governance Costs
Independent examination and accountancy fees
Executive Committee and trustee expenses
Total expenditure on charitable activities
Restricted
£
-
18,901
-
-
500
-
-
-
£
126,134
-
49,520
2,291
3,272
60,195
10,504
1,124
Unrestricted
2023
Total
£
126,134
18,901
49,520
2,291
3,772
60,195
10,504
1,124
2022
Total
£
81,739
-
44,984
2,007
2,468
54,629
11,541
628
19,401
-
-
253,040
4,900
32
272,441
4,900
32
197,996
4,560
200
19,401 257,972 277,373 202,756

All costs of charitable activities in the period to 30 November 2022 were unrestricted except £500 within research grants and prizes for the 2022 Oral Prize donated by SAGE. The £500 donation in 2023 relates to the 2023 Prize.

In the 2022 accounts PayPal charges were included within bank charges. The 2022 comparative figures have been restated above to show these as EMSB costs to be consistent with 2023.

19

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

This is stated after charging / (crediting):

2023 2022
£ £
Independent examiner's remuneration (excluding VAT):
Independent examiner fee 3,500 3,300

No staff were employed by the charity in either accounting period.

One individual employed by BAPRAS services the BBA. Costs are included as part of the SLA expenses in note 6.

The charity trustees were neither paid nor received any other benefits from employment with the charity in the period (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs relating to attendance at meetings of the trustees. No such costs were incurred during the period as all meetings were held remotely. (2022: £nil)

9 Related party transactions

There are no related party transactions to disclose for the period ending 30 November 2023 (2022: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The CIO is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

11 Listed investments

Listed investments
Fair value at the end of the year
Net gain/(loss) on fair value
Fair value at the start of the year
UK Common investment funds
Investments comprise:
2023
£
128,737
3,824
2022
£
145,901
(17,164)
132,561 128,737
2023
£
132,561
2022
£
128,737

20

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

e year ended 30 November 2023
Debtors
Prepayments
Accrued income
2023
£
-
6,232
2022
£
1,459
3,395
6,232 4,854

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals
Deferred income (note 14)
2023
£
7,631
23,145
2022
£
11,199
16,007
30,776 27,206

14 Deferred income

Deferred income comprises course fees received in advance.

Membership
Subscription
£
-
-
-
Course and
conference
Fees
£
16,007
(16,007)
23,145
2023
£
16,007
(16,007)
23,145
Membership
Subscription
£
50
(50)
-
Course and
conference
Fees
£
30,325
(30,325)
16,007
2022
£
30,375
(30,375)
16,007
-

15 Financial instruments

Financial assets measured at fair value through profit and loss Investments

2023 2022
£ £
132,561 128,737

16a Analysis of net assets between funds (current period)

Analysis of net assets between funds (current period)
Investments
Net current assets
Net assets at 30 November 2023
Endowment
£
132,561
-
Restricted
£
-
156,222
General
unrestricted
£
-
329,632
Total funds
£
132,561
485,854
132,561 156,222 329,632 618,415

21

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

16b Analysis of net assets between funds (prior period)

e year ended 30 November 2023
Analysis of net assets between funds (prior period)
Total endowment funds
Restricted funds:
Total restricted funds
General funds
Total funds
Total unrestricted funds
Investments
Net current assets
Margaret Miller Fund
Prize Funds
Movements in funds (current period)
Miller Research Fund
Endowment funds:
VTCT Foundation grant Educational Platform
Net assets at 30 November 2022
Margaret Miller Fund
Endowment
£
128,737
-
Restricted
£
-
168,536
General
unrestricted
£
-
246,482
Total funds
£
128,737
415,018
128,737 168,536 246,482 543,755
At 30
November
2022
£
128,737
Income &
gains
£
3,824
Expenditure &
losses
£
-
£
132,561
At 30
November
2023
128,737 3,824 - 132,561
76,619
71,917
20,000
-
3,312
3,275
-
500
-
-
(18,901)
(500)
79,931
75,192
1,099
-
168,536 7,087 (19,401) 156,222
246,482 341,122 (257,972) 329,632
246,482 341,122 (257,972) 329,632
543,755 352,033 (277,373) 618,415

17a Movements in funds (current period)

Purposes of endowment funds

The Margaret Miller Endowment Fund was started by a donation of £125,000 classed as a permanent endowment, given to the charity to generate income to pay for travel expenses for nurses. This is done through the Margaret Miller Restricted Fund. The fund was transferred to the CIO on 1 April 2020.

Purposes of restricted funds

The Research Fund was started by a donation of £125,000, given to the charity to be used on a specific project into research into prevention of burns, together with accumulated income arising from investment of this fund.

The Margaret Miller Restricted Fund represents accumulated unspent income arising from the permanent endowment. This fund pays for travel expenses for nurses.

VTCT Foundation grant Educational Platform represents a grant of £20,000 from the VTCT Foundation to develop an educational platform to capture educational content on burn care and host downloadable resources to be made available for burns units in the UK and abroad.

Prize Funds represent donations received from SAGE to make Prizes. In 2022 £500 was awarded for the Oral Prize. A further £500 was awarded in 2023.

22

British Burn Association

Notes to the financial statements

For the year ended 30 November 2023

17b Movements in funds (prior year)

e year ended 30 November 2023
Movements in funds (prior year)
Endowment Funds
Total endowment funds
Total restricted funds
General funds
Miller Research Fund
Laing Essay Prize Fund
VTCT Foundation grant Educational Platform
Total unrestricted funds
Total funds
Restricted funds:
Margaret Miller Fund
Margaret Miller Fund
At 30
November
2021
£
145,901
Income &
gains
£
-
Expenditure &
losses
£
(17,164)
£
128,737
At 30
November
2022
145,901 - (17,164) 128,737
76,017
68,200
20,000
-
602
3,717
-
500
-
-
-
(500)
76,619
71,917
20,000
-
164,217 4,819 (500) 168,536
215,582 233,156 (202,256) 246,482
215,582 233,156 (202,256) 246,482
525,700 237,975 (219,920) 543,755

The narrative to explain the purpose of each fund is given at the foot of the note above.

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