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2024-11-30-accounts

Charity Number: 1187794

British Burn Association

Unaudited report and financial statements For the year ended 30 November 2024

British Burn Association

Contents

For the year ended 30 November 2024

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) ................... 13 Balance sheet ............................................................................................................................... 14 Notes to the financial statements ................................................................................................. 15

British Burn Association

Reference and administrative information

For the year ended 30 November 2024

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 Nicole Lee Chair from 20.8.24 & Prevention Chair Ascanio Tridente Deputy Chair & Communications Director from 20.8.24 Kayvan Shokrollahi Deputy Chair & Communications Director to 20.8.24 Odhran Shelley Secretary from 20.4.25, Education Chair from 18.4.24 & Chair to 20.8.24 Nikolaos Arkoulis Treasurer from 18.4.24. Full Trustee from 4.4.24, coopted from 1.1.24 Simon Booth Research Chair Emily Bridge Trustee from 20.8.24 Victoria Dudman Secretary to 20.8.24 & Fundraising Chair Emily Huddleston Laura Shepherd Brendan Sloan Overseas Chair from 20.8.24 Sankhya Sen Co-opted Trustee from 1.1.24 Claire Black Co-opted Trustee from 4.4.24 Bankers Lloyds Independent Farrah Kitabi 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 Bankers CCLA Investment Lancashire Management OL1 1JG 80 Cheapside London EC2V 6DZ

1

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

The Board of Trustees presents their report and the financial statements for the year ended 30 November 2024.

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.

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:

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

2

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

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

3

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

The Prevention SIG continued to lobby Government to introduce an Electrical Safety Bill relating to the danger of lithium batteries in e-scooter and bikes. This work had to be paused in the run-up to the election.

Following the BBA’s support of the successful campaign to introduce firework safety legislation in Scotland, the BBA has joined a campaign with other charities, to support change in legislation for Fireworks in England. This work is ongoing.

The SIG Chair liaised with the Metropolitan Police on a proposed Government publication on acid attacks and has been in discussion with Network Rail to support a safety campaign film entitled “Don’t Save Time and Cross the Track”.

● National Burn Care Standards Review. The BBA’s National Standards for Provision & Outcomes in Adult & Paediatric Burn Care first released in 2018 and updated in 2023 under the leadership of Odhran Shelley (BBA Chair) and Peter Drew (past-BBA Chair), continues to act as a benchmark for standards in burn care across the country. The Standards clearly articulate the aspects of burn care considered to be essential for high quality care and outcomes for patients, their families and carers. The document also describes standards that are desirable, offering examples of good practice and excellence. To maintain a focus on burn care, the Standards exclude general standards and policies that apply to the whole of the NHS, for example in Infection Control and Safeguarding. The Standards cover the entire burn care pathway and aim to provide the means to measure the capability of individual burn services as a whole and the ODN in which they operate. By defining standards, a governance framework has been established against which it is possible to measure the quality of burn care that patients receive, regardless of their point of 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.

4

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

5

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

providing evidence for compliance with the Burn Care Standards and 50% of burn therapy services in the UK participated in the audit. The results showed a compliance of 88% across participating services, an improvement on the findings of the previous audit held in 2019. The SIG met in July in Birmingham to discuss therapy management following the application of Novosorb BTM. Therapists presented their experiences and the development of their treatment pathways and attendees discussed their experiences with a view to collaborating on an evidence-based nationally agreed framework. A working group with representatives from all the clinical networks convened online to discuss the formulation of a national therapy pathway based on current international evidence and the ongoing experiences of UK therapists. In September, members of the SIG held a Teams meeting with therapists in Ukraine to provide support and advise on burns therapy management of injured military personnel and civilians and shared teaching and learning resources. The SIG met online in November to discuss service updates from across the Networks and to enable therapists who presented at BBA/ISBI 2024 to share their work with the wider therapy group.

6

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

Financial Review

The BBA’s financial position has improved over the financial year with a good number of EMSB courses being held to meet the ongoing demand for the course as a requirement for plastic surgery training and a performance indicator in the country’s National Burn Care Standards. The joint BBA / ISBI Congress was a great educational and financial success with a record number of international delegates and exhibitors boosting the conference surplus. Membership numbers have continued to rise as new members joined the group membership scheme and the new Anaesthetics and Critical Care SIG. The Association’s investments have increased in value with an increased income received. 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 2024, retained free reserves amounted to £397,722 which is approximately 1.5 years expenditure, based on the current year.

7

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

The BBA finances received a strong financial boost from the success of the joint Congress with ISBI, the continued running of the EMSB course and the growing level of membership subscriptions.

The joint Congress with ISBI attracted almost 1,000 delegates and the 30/70 split agreed (30% BBA / 70% ISBI), generated a good surplus to help support the Association in its activities going forward. The Brighton 2025 Conference has generated a good income from sponsorship and although it is not forecast to match the surplus of the joint conference with ISBI, there are sufficient funds in place to support the Association’s workstreams in the coming year. The EMSB courses continue to sell out with a strong demand from trainees and staff working in the burns and emergency services. The BBA’s membership numbers continue to rise steadily as hospital trusts sign up their staff to the Group Membership scheme and more anaesthetists and critical care specialists join the Association to participate in the new Anaesthetics and Critical Care SIG. There is much work to be done in developing the Educational Platform but when released, this will offer additional benefits and educational opportunities for BBA members, encouraging increased membership and the potential for income generation.

The Statement of Financial Activities shows that a surplus was made on the year to 30 November 2024 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

8

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

ensured for patients and their families across the country. The 2024 National Outcome Measures in Adult and Paediatric Care will help burns services benchmark their outcomes with a view to raising standards in the provision of the best possible patient care.

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 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 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

9

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

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:

The trustees are responsible for keeping adequate 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.

10

British Burn Association

Board of Trustees’ annual report

For the year ended 30 November 2024

Independent Examiner

Farrah Kitabi FCA DChA 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 12 May 2025 and signed on their behalf by

Nicole Lee Chair

11

Independent examiner’s report

To the members of

British Burn Association

I report to the trustees on my examination of the accounts of British Burn Association the year ended 30 November 2024

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 Accountants 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:

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.

Signed:

Name: Farrah Kitabi FCA DChA

Address: Sayer Vincent LLP, 110 Golden Lane, London, EC1Y 0TG Date: 27 May 2025

12

British Burn Association

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

For the year ended 30 November 2024

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 on investments
Net income before net gains on
investments
Net movement in funds
Total funds carried forward
Total funds brought forward
Endowment
£
-
-
-
-
-
-
-
Restricted
£
-
-
-
-
-
-
7,851
Unrestricted
£
25,195
-
2,000
291,998
-
-
13,672
332,865
264,775
264,775
-
68,090
329,632
397,722
68,090
2024
Total
£
25,195
-
2,000
291,998
-
-
21,523
340,716
265,874
265,874
7,484
82,326
618,415
700,741
74,842
2023
Total
£
23,636
16,490
447
289,977
500
5
17,154
- 7,851 348,209
- 1,099 277,373
- 1,099 277,373
7,484
-
-
6,752
3,824
70,836
7,484
132,561
6,752
156,222
74,660
543,755
140,045 162,974 618,415

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.

13

British Burn Association

Balance sheet

As at 30 November 2024

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
£
166,397
509,901
2024
£
140,045
£
6,232
510,398
2023
£
132,561
140,045
560,696
132,561
485,854
676,298
115,602
516,630
30,776
700,741 618,415
140,045
162,974
397,722
132,561
156,222
329,632
700,741 618,415

Approved by the trustees on 12 May 2025 and signed on their behalf by

Nicole Lee Chair

14

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

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 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 received a strong financial boost from the success of the joint Congress with ISBI, the continued running of the EMSB course and the growing level of membership subscriptions.

The joint Congress with ISBI attracted almost 1,000 delegates and the 30/70 split agreed (30% BBA/70% ISBI) generated a good surplus to help support the Association in its activities going forward. The Brighton 2025 Conference has generated a good income from sponsorship and although it is not forecast to match the surplus of the joint conference with ISBI, there are sufficient funds in place to support the Association’s workstreams in the coming year. The EMSB courses continue to sell out with a strong demand from trainees and staff working in the burns and emergency services. The BBA’s membership numbers continue to rise steadily as hospital trusts sign up their staff to the Group Membership scheme and more anaesthetists and critical care specialists join the Association to participate in the new Anaesthetics and Critical Care SIG. There is much work to be done in developing the Educational Platform but when released, this will offer additional benefits and educational opportunities for BBA members, encouraging increased membership and the potential for income generation.

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.

15

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

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.

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 includes attributable VAT, which cannot be recovered.

 Governance costs include the management of the charity’s assets, organisational management and compliance with constitutional and statutory requirements.

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.

16

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

1 Accounting policies (continued)

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.

m) Cash at bank and in hand

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

Creditors and provisions are recognised where the CIO 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.

o) Financial instruments

With the exception of the listed investments described above the CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2 Detailed comparatives for the statement of financial activities

2023
Endowment Restricted Unrestricted Total
£ £ £ £
Income from:
Subscriptions & merchandising - - 23,636 23,636
Donations - - 16,937 16,937
Charitable activities:
Conference and course fees - - 289,977 289,977
Donations for Prizes - 500 - 500
Burns educational game - - 5 5
Investment income - 6,587 10,567 17,154
Total income - 7,087 341,122 348,209
Expenditure on:
Charitable activities - 19,401 257,972 277,373
Total expenditure - 19,401 257,972 277,373
Net income before gains on investments - (12,314) 83,150 70,836
Net losses on investments 3,824 - - 3,824
Net income and net movement in funds 3,824 (12,314) 83,150 74,660
Total funds brought forward 128,737 168,536 246,482 543,755
Total funds carried forward 132,561 156,222 329,632 618,415

17

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

For the year ended 30 November 2024
3
Subscriptions & merchandising
For the year ended 30 November 2024
3
Subscriptions & merchandising
For the year ended 30 November 2024
3
Subscriptions & merchandising
For the year ended 30 November 2024
3
Subscriptions & merchandising
Merchandising income
Subscriptions
Total
4
Unrestricted
£
Annual & other conference fees
198,845
EMSB course fees
93,153
Total conference and course fees
291,998
5
2024
Unrestricted
Total
£
£
£
Bank and other interest
7,851
13,672
21,523
6
2024
Restricted
Total
£
£
£
Annual & other conference expenses
-
143,179
143,179
Educational Platform
1,099
857
1,956
EMSB expenses
-
35,168
35,168
EMSB PayPal charges
-
1,262
1,262
Research grants and prizes
-
1,522
1,522
Support costs
SLA BAPRAS
-
59,560
59,560
Website, office costs and subscriptions
-
14,737
14,737
Bank charges and miscellaneous
-
1,590
1,590
1,099
257,875
258,974
Governance Costs
Independent examination and accountancy fees
-
5,065
5,065
Executive Committee and trustee expenses
-
1,835
1,835
Total expenditure on charitable activities
1,099
264,775
265,874
Restricted
Income from investments
All income from conferences and courses in both periods is unrestricted.
Costs of charitable activities
Conference and course fees
All income from subscriptions and merchandising in both periods is unrestricted.
Unrestricted
£
6,587
Restricted
2024
Total
£
68
25,127
2023
Total
£
84
23,552
25,195 23,636
2024
Total
£
198,845
93,153
2023
Total
£
174,273
115,704
291,998 289,977
Unrestricted
£
10,567
2023
Total
£
17,154
Restricted
£
-
1,099
-
-
-
-
-
-
£
143,179
857
35,168
1,262
1,522
59,560
14,737
1,590
Unrestricted
2024
Total
£
143,179
1,956
35,168
1,262
1,522
59,560
14,737
1,590
Restricted
£
-
18,901
-
-
500
-
-
-
£
126,134
-
49,250
2,291
3,272
-
60,195
10,504
1,124
Unrestricted
2023
Total
£
126,134
18,901
49,250
2,291
3,772
60,195
10,504
1,124
1,099
-
-
257,875
5,065
1,835
258,974
5,065
1,835
19,401
-
-
253,040
4,900
32
272,441
4,900
32
1,099 264,775 265,874 19,401 257,972 277,373

All costs of charitable activities in the period to 30 November 2023 were unrestricted except £18,901 spent on the Educational Platform and £500 within research grants and prizes for the 2023 Oral Prize donated by SAGE.

18

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

This is stated after charging / (crediting):

2024 2023
£ £
Independent examiner's remuneration (excluding VAT):
Independent examiner fee 3,700 3,500

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 (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Trustees' expenses represents the payment or reimbursement of travel, accomodation and subsistence costs relating to attendance at BBA conferences or meetings of the trustees. Five trustees were reimbursed a total of £1,485. (2023: £nil). Additional costs related to Executive meetings £452 (2023:£32) are paid directly by BBA.

9 Related party transactions

There are no related party transactions to disclose for the period ending 30 November 2024 (2023: 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 on fair value
Fair value at the start of the year
UK Common investment funds
Investments comprise:
2024
£
132,561
7,484
2023
£
128,737
3,824
140,045 132,561
2024
£
140,045
2023
£
132,561

19

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

e year ended 30 November 2024
Debtors
Prepayments
Accrued income
2024
£
2,683
163,714
2023
£
-
6,232
166,397 6,232
Creditors: amounts falling due within one year
Accruals
Deferred income (note 14)
2024
£
92,542
23,060
2023
£
7,631
23,145
115,602 30,776

14 Deferred income

Deferred income comprises course fees received in advance.

Course and
conference
Financial assets measured at fair value through profit and loss
Balance at the end of the year
Balance at the beginning of the year
Amount released to income in the
Amount deferred in the year
Financial instruments
Investments
2024
£
23,145
(23,145)
23,060
2023
£
16,007
(16,007)
23,145
23,060 23,145
2024
£
140,045
2023
£
132,561

15 Financial instruments

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 2024
Endowment
£
140,045
-
Restricted
£
-
162,974
General
unrestricted
£
-
397,722
Total funds
£
140,045
560,696
140,045 162,974 397,722 700,741

20

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

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

For the year ended 30 November 2024
16b
Analysis of net assets between funds (prior period)
17a
Total endowment funds
Restricted funds:
Total restricted funds
General funds
Total funds
Total unrestricted funds
VTCT Foundation grant Educational Platform
Investments
Net current assets
Margaret Miller Fund
Movements in funds (current period)
Miller Research Fund
Endowment funds:
Net assets at 30 November 2023
Margaret Miller Fund
Endowment
£
132,561
-
Restricted
£
-
156,222
General
unrestricted
£
-
329,632
Total funds
£
132,561
485,854
132,561 156,222 329,632 618,415
At 30
November
2023
£
132,561
Income &
gains
£
7,484
Expenditure &
losses
£
-
£
140,045
At 30
November
2024
132,561 7,484 - 140,045
79,931
75,192
1,099
4,279
3,572
-
-
-
(1,099)
84,210
78,764
-
156,222 7,851 (1,099) 162,974
329,632 332,865 (264,775) 397,722
329,632 332,865 (264,775) 397,722
618,415 348,200 (265,874) 700,741

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 for 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 for the Oral Prize. In 2023, £500 was awarded for the Oral Prize. No award was made in 2024.

21

British Burn Association

Notes to the financial statements

For the year ended 30 November 2024

For the year ended 30 November 2024
17b
Endowment Funds
Total endowment funds
Total restricted funds
General funds
Miller Research Fund
Prize Funds
VTCT Foundation grant Educational Platform
Total unrestricted funds
Total funds
Movements in funds (prior year)
Restricted funds:
Margaret Miller Fund
Margaret Miller Fund
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

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

22