ssoCIAf/o British Association for Immediate Care {A charitable company limited by guarantee) Annual Report & Financial Statements Period ended 30 April 2024 Registered with Companies Hovse in England & Wales Company N,: 03553177 Registered with the Charity Commission in England & Wales Charity N, 1188273
Annual Report For the period ended 30 April 2024 Contents Page Trustees, annual report lincorporating the directors, reportl Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) li Balance sheet 12 Statement of cash flows 14 Notes to the financial statements 15
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) Year ended 30 April 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity for the year ended 30 April 2024. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the accounts and comply with the charity's governing document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Charib"es". Statement of Recommended Practice applicable lo Charities preparing their accounts in ac¢ord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Chair's report This report focuses on the period from the 1 May 2023 until 30 April 2024. and in opening, I would like lo thank my prede$sOr Mr Paul Gales who served as Chairman until Odober 2023. leading the Association into a period of operational growth and stability following its strategic restructuring. I was delighted to be afforded the opportunity to award Paul, Fellowship of the Association in recognition of his distinguished and unliring service to the Association over many years. Furthemiore. Dr Rowland Cottingham was also awarded Fellowship of the Association in recognition of his exemplary service over many years, most rendY serving as Honorary Treasurer throughout the period of the strategic restructuring. The period covered by this review has been challenging for the Associatlon and ils members with NHS industrial action, a spiralling cost of living and global conflict all leading to ever increasing financial burdens and uncertainties. Despite this, membership continued lo grow and although the rale of expansion declined, the Association remains in a healthy position. We weie grateful lo receive a further £250,000 donation from the HELP Appeal which has beèn distributed via two grant application processes lo affiliated schemes, lo support their operational activities. Added lo this, the Association has benefited from a very generous legacy from the eslale of the late Mrs Lynne Galbraith, which we were notified of in 2021122 bul only received in 2023124, which will help thè Association achieve its charitable objectives. Our education portfolio continues lo be well received and largely ran al full Capacity until towards the end of the period when the economic situation NHS staffing pressures stsrted lo lake their loll. Despite this, we Continue lo grow our portfolio and offer highly regarded Courses lo a variety of delegates as well as providing a number of bespoke courses al home and abroad. Our October 2023 conference was a success attracting reinvigorated sponsorship and welcoming many new and younger faces. The conference was held in association with the Academic Department of Military Emergency Medicine for the first time. This proved to be a very popular and sucSsful collaboration, and one which we hope will continue for future conferences. Our offices continue to run smoothly, providing seamless behind the scenes work. We welcomed Mrs Holly Satterthwaile to the team in April 2023 as she has become a key rnember of our team as the Business manager for Courses and Events. I would like lo dose this report by sincerely thanking our education faculty members, members of the board lour Irusleesl and our office staff. Wilhoul the dedication and expertise of all of these groups, we would not be able lo carry out the work of British Association for Immediate Care. Finally, I would like lo express my gratitude to our members who continue to choosè lo be part of the Association and I look forward lo continuing lo serve the Association and ils members during the next year. Andy Pountney Chair
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Reference and admlnlstratlve detalls Reglstered charlty name British Association for Immediate Care Charlty reglstratlon number 1188273 Company registration number 03553177 Principal office and registered Easton House office 4 Turret Lane Ipswich Suffolk IP4 1DL The trustees The trustees who served during the year and at the date of approval were as follows.. Dr A Pountney (Chairl Mr P Gates Dr R Cottingham (Hon Treasurer) Lt Col J Batrall RAMC ProfA Leary MBE Dr K Muscroft (resigned 5 September 20241 Prof T Quinn Iresigned 16 August 20241 Dr R Steyn Company secretary Mr A Kemp MBE FBASICS (Chief Officer) Honarary Appointments President Vice president Prof Sir Keith Porter (resigned 5 October 20231 Dr P Holden FBASICS Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 OLB Bankers Royal Bank of Scotland 8-10 Princes Street Ipswich Suffolk IP1 1QT Solicitors Birkells LLP Providence house 141-145 Princes Street Ipswich Suffolk IP1 1QJ
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Oblectlves and actlvltles Our objects are". 1. For the public benefit, the relief of persons suffering injury or illness including by, bul not limited to". advancing the education of individuals who provide pre-hospital immediate care including health care professionals from a wide range ol professions as well as military medical personnel, associate praclilioners, Community first responders and first aid and voluntary rescue stsff,. and acting as a resource body for schemes, individuals and other organisalions who provide pre-hospital immediate care. 2. To advance the education of the public in general land particularly amongst health care professionals) in the subject of pre-hospital immediate care and to promote research for the public benefit in all aspects of that subject and to publish the useful results of such research. Publlc beneflt Our main 8clivilies are described wthin this report. All our charitable activities focus on the 8clivilies described within our Objects. These activities are undertaken lo further our charitable purposes for the public benefit through contributing lo the reliel of persons suffering from serious injury and illness by the provision of specialist education, acting as a national resource body and encouraging research in pre- hospital immediate care. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when planning future activities.
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Achlevements and performance Having weathered the Covid pandemic, undergone a strategic reslrucluring and now is operating in post- BREXIT UK within a significant and ongoing economic downturn the Association has continued lo blossom and lo develop. Whilst the tail end of the reporting period saw a Small reduction in overall growth and course uptakes, the Association is fimily established as a leading provider of pre-hospital education, a buoyant membership association and resource for our affiliated schemes as well as a point of reference for national and academic groups and organisations. Office delivery Continuing lo work as a hybrid model the office is physically stsffed five-days a week whilst providing our stsff who include mothers of young children the flexibility to work from home lo the benefit of their domestic life as well as the Association. Cost savings continue to be made as staff develop expertise in areas such as website development and maintenance as well as bringing in-house some services historically outsourced. Maintaining a level of inter-operability bebNeen members of staff whilst streamlining into three distinct teams (Membership, Courses & Events and Finance) has also brought stronger focus lo key areas of delivery whilst ensuring all round service is maintained to a high standard during periods of annual leave and other absence. Membershlp and scheme servlces Membership numbers have Increased over the reporting period. April saw the long-setvice awards sent out with members receiving lapel pins marking their 10, 15, 20 and 3(year membership anniversaries. The Association was again privileged lo be recognised as one of the nominating bodies for the award of the Kings Coronation Medal having previously been similarly recognised for the award of the late Queen's Jubilee Jubilee Medals and these We dispatched in March. Over £1-million in lolal has now been distributed to schemes via a competitive grant process with monies donated by the HELP Appeal. A number of national relationships are in pla¢e with new ones established to represent our aims and the interests of our members and affiliated schemes. Faculty of Pre-Hospital Care at the Royal College of Surgeons of Edinburgh Association of Ambulance Chief Executives IAACEI National Associatlon of Medical Directors INASMEDI Driver Training Advisory Group of AACE IDTAG). National HEMS Audit and Research Forum Association of Anaesthetisls of Great Britain and Ireland IAAGBII Added lo that the Association has been active in representing our Tnembers as part of academic consensus meetings for two research projects." EXIT Proje PROTECTeD Study, WaiCk Medical School Courses and Events There has been a totsl of 17-PHEC and 2-ICC courses delivered within the reporting period. Additionally, there were 11-bespoke courses in the same period. A welcome addition lo our educational portfolio and delivered at no cost to our members have been the BASICS Insights webinars which have proved very popular across all stratums of our membership.
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Flnanclal revlew The Charity has performed strongly over the last year, with continued support from the HELP appeal to distribute lo our Schemes as well as the receipt of a substantial legacy, for which the Charity expresses its thanks. This latter has boosted our reserves such that the organisalion remain5 well buttressed against future financial shocks and continues to function as a going concem in excellent health. Our income from courses has remained buoyant, and we saw a small increase 1140/01 in income over last year from them. The Charity has always valued ils stsff and followng Government guidance on living wages ensured that we were fully compliant with legislation, raising salaries appropriately from April 1 2023. Reflecting the increased activity in the office supporbng schemes and members, we have also welcomed two new members of stsff. Our income this year lolals £617,133 12023.. £571,065), with £102,614 12023.. £87,051) of membership income and an income of £257,692 12023.. £249.8841 from our courses. We would like to pay tribute to all our Instructors and Course Directors who have worked so tirelessly to deliver this highly sought-after leaching. As noted above, the HELP appeal continues generously to donate £250k per annum to the Association to support our schemes and members. Expenditure for the year lotalled £655,14512023.' £603,594) resulting in an overall deficit of £38,01212023'. deficit of £32,529). Our fixed assets are relatively unchanged at £244,52512023.. £242,274) and nel current assets of £483,371 12023.. £523,634) mean that the charity has lotsl funds of £727,89612023.. £765,9081 at the year end. This smdl sh(rtfdl for c£)nsecuthe years has already been responsibly addressed by the Board and some adjuslmenls have been recommended. We have not reviewed our subscription level for seven years, and the Board has reluctsndy conduded that a change in subscription should now be recommended lo the membership. This is expected to ameliorate our position and bring the Charity back next year into surplus. Our pricing policy Our pricing strategy for both our courses is focused on delivering cost effective opportunities for the Association's members, whilst ensuring that others active and interested in pre-hospital care are also able lo allend at a competitive and fair price. A 20/0 inflationary increase in course ¢ostings was applied at the end of the financial period against a national background of sharply rising prices. increased fuel costs and increased venue costs. We were able to limit the effects of inflation through negolialing our venue prices against a backdrop of loyally and continued use to our two key training venues and through innovation in our own use of simulation cutting out the costs of cadaveric parts. Annual subscriptions The subscription structure has remained wilhoul change or increase since 2017. The period since then has seen the charity functioning well in a time of significant inflation. The Board now recommends a modest increase in annual subscriptions to allow the Charity lo continue lo grow. Donatlons and Lggacles The HELP Appeal in October of 2023 donated a total of £250,000 which has been used to provide 17 cash grants within this reporting period. A very welcome legacy donation tolalling £217,000 was received from the estate of Mrs Lynne Galbraith.
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Flnanclal revlew (continue Reserves pollcy and golng Concern The Trustees are very mindful of the need lo be diligent and use the Association's money to further ils objects as 8 chaiily. As a charity, the Association is required to ensure that It does not have excessive amounts of reserves and that ils money is used to further the obiecls". The charity musl ensure that il uses ils financial reserves lo further its objects. The charity musl not keep large reserves as this could affect future income from other sources as they would want to see the charity use the money to further ils objects appropriately. There is a need to ensure that the charity has some reserves of money to continue to function should no income be forthcoming for whatever reason. Whilst the Charity currenuy has a regular income this should not be relied on and proper bLJdget production, monitoring and planning should be in place to minimise risk. The charity will maintain a reserve to meet its running costs for 12 months. This money is to be maintained in a bank account with appropriate access. Where the charity has a specific business case for a project a fund will be set up to ensure the money for this is dedicated to delivering the project. As al the year end, free reserves of the charity amounted to £394,76712023". £445,967) and al this point In lime, the Trustees ale conlenl that the reserves il holds will allow il to successfully function for the next two lo three years wilhoul further income. We therefore consider the Charity to remain as a going ¢oncern. Al the year end the charity also held reslricled reserves of £88,60412023." £77,687). Plans for future periods Future plans revolve around strengthening the office base with recruitment of a Course & Events Business Manager and fv40 part-time staff inslrudors. This is in response to the increased demand for courses including within the bespoke sector. Added lo this a short-term management and governance consultant wll be employed to review our risk management procedures and to advise on our board structure and recruitment Policies. A key aim as the Association moves forward is to re-eslablish its role wthin national governance and discussions for matters relating to pre-hospital care. The current activities in this area demonstrate that there is a role for the Association to play and that as this area of activity is extended our affiliated schemes wll gain greater Iraclion regionally by our activities nationally.
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Structure. governance and management Governlng Document The British Association for Imrnediate Care is a company limited by guarantee governed by its Articles of Association dated 14 February 2020, amended by special re501ulions on 8 February 2021 and more reCenY October 2022. It is regisleied as a charity with the Charity Commission. Membership is open lo individuals interested in pre-hospital emergency care and lo schemes organised to provide the same. Individual members agree lo contribute £1 in the event of the Charity winding up. Appointment of trustees As sel out in the Articles of Association, up to six Iruslees are elected by the voting membership of the Association. The trustees have the power to ¢0p1 up lo five others to serve as trustees. these are normally non-voting members of the Association and would normally be non-members. The chair and other officers of the Iruslees are appointed from amongst the Iruslees themselves ac¢ording lo their needs. All members are circulated ¥Arith invitsb'ons to nominate trustees prior to an election taking place. The election of trustees occurs normally at an annual general meeting. When considering co-opting trustees, the Board has regard to the requirement for any specialist skills needed. Trustee induction and training Trustees are encouraged lo attend appropriate external training events where these will facilitate the undertaking of their role. Fundralslng Regulator The charity does not adively fundrsise from the public or run legacy campaigns or undertake similar fundraising activities in ils own right or via a tiading subsidiary or third party. The ttuslees are pleased lo receive unsolicited gifts and legacies from patrons and supporters who generously suptX)rt our immediate care work, however the trustees have no plans lo actively fundraise from the public in the foresèeable future. There have been no complaints to the Fundraising Regulator in the period. Risk Policy The Association is required to have an uwto-date risk register. This documents all the risks il is exposed to, and what mitigations are in place. The risk register is reviewed at regular intervals. The Trustees have assessed the major risks to which the charity is exposed, in particular those related lo the operations and fInanS of the charity and are satisfied that systems are in place to mitigate our exposure lo these major risks. Investment pollcy and performance The trustees, having regard lo the liquidity requirements of operab.ng the Association, have kept available funds in an inlerest-bearing deposit account.
British Association for Immediate Care Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (continued) Year ended 30 April 2024 Structure. governance and management (continued) Key management personnel remuneratlon The Iruslees consider the Association's trustees, and the senior management team cornprise the key management personnel of the charity in charge of directing and controlling, running and operating the Association on a day-lTrday basis. All ttuslees give of their time freely and no trustee received remuneration in thè year. Detsils of Iruslees, expenses and related party transactions are disclosed in notes 15 and 26 to the accounts. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view ol the nature of the charity, the trustees benchmark against pay levels in the adminislralive levels of the NHS and local govemment. Related parties None of our trustees receive remuneration or other benefit from their worf( with the charity. Any connection beiween a trustee or senior manager of the charity with a supplier must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. There are no related party transactions to report. Small company provlslons This report has been prepared tsking advantage of the small companies, exemption of section 415A of the Companies Act 2006. The trustees, annual report was approved on Iruslees by.. 7 Septembei 2024 and signed on behalf of the board of Dr A Pountney (Chairl Trustee
British Association for Immediate Care Company Limited by Guarantee Independent examiner's report to the trustees of British Association for Immediate Care Year ended 30 April 2024 I report lo the charity trustees on my examination of the financial statements of the company for the year ended 30 April 2024 which comprise the slalement of financial activities Iincluding income and expenditure account), balance sheet, slalement of cash flows and the related notes. Responslbllltlg$ and basls of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myself that the financial slalements of the company are not required lo be audited under Part 16 of the 2006 A¢1 and are eligible for independent examination, I report in respect of my examination of your company's financial statements as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinefs 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 l am qualified lo undertake the examination because l am member of the Inslilule of Chartered Accountants in England and Wales IICAEWI, which is one of the Iisled bodies. I have Completed my examination. l Confirm that no matters have come lo my attention in connection with the examination giving me Cause lo believe that in any material respect". accounting records were not kept in respect of the company as required by section 386 of the 2006 Act, or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a malter considered as part of an independent examinab'on,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021.
British Association for Immediate Care Company Limited by Guarantee Independent examiner's report to the trustees of British Association for Immediate Care (continued) Year ended 30 April 2024 I have no COnmS and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mark Proctor FCA DChA Independent Examiner Lovewell Blake LLP Chartered accounlanls Bankside 300 Peachman Way Broadland Business Park Norwich NR7 OLB 2910112025 10-
British Association for Immediate Care Company Limited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 30 April 2024 2024 Restricted funds Totsl funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Ch8ritsbl& activities Other trading activities Investment income Other income 1,488 360,306 250,000 251,488 360,306 250,370 316,935 2,672 720 368 5,335 5,335 Total income 367,133 250,000 617,133 571,065 Expenditure Raising funds Costs of other trading activities Charitsble activities 10 11,2641 1427,3181 1428,5821 11.2641 1653.8811 1655.1451 {4.3661 1599,2281 1603,5941 1226,5631 1226,5631 Totsl expenditure Net expenditure before transfer of funds 161,4491 23,437 138,0121 {32,5291 Transfers bebNeen funds 12,500 112,5001 Net movement In funds 148,9491 10,937 138,0121 {32,5291 Reconclllatlon of funds Total funds brought forward Totsl fvnds carrled forward 688,241 77,667 765,908 798,437 639,292 88,604 727,896 765,908 The stslemenl of financial activities includes all gains and losses rogniSed in the year. All income and expenditure derive from continuing adivities. The notes on pages 15 to 26 form part of these financial statements. 11
British Association for Immediate Care Company Limited by Guarantee Balance sheet 30 April 2024 2024 2023 Note Flxed assets Tangible fixed assets 16 244,525 242,274 Current assets Stocks Debtors Cash at bank and in hand 17 18 14,067 25,142 562,286 601,495 14,067 261,052 375,387 650,506 Creditors.. Amounts falling due within one year 19 1118,1241 1126,8721 Net current assets 483,371 523,634 Totsl assets less current liabilities 727,896 727,896 765,908 765,908 Net assets Funds of the charity Restricted funds Unrestricted funds.. Revaluation reserve Other unrestricted income funds 88,604 77,667 20,000 619,292 20,000 668,241 Total unrestrlcted funds 639,292 688,241 Total charlty funds 22 727,896 765,908 For the year ending 30 April 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dire¢lors' responsibilities.. The members have not required the company to obtain an audit of ils financial slalements for the year in question in accordance with section 476., The diredors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of financial statements. These financial slalements have been prepared in accordance wV(h the provisions applicable lo companies subject lo the small Companies. regime. The balance sheet continues on the following page. The notes on pages 15 to 26 form part of these financial statements. 12-
British Association for Immediate Care Company Limited by Guarantee Balance sheet (continued) 30 April 2024 These financial slalemenls were approved by the board of trustees and aulhorised for issue on ? Septombor 2024 and are signed on behalf of the board by.. Dr A Pounlney Ichairl Trustee Dr R Cottingham (Hon Treasurer) Trustee Company registration number.. 03553177 The notes on pages 15 to 26 form part of these financial statements. 13-
British Association for Immediate Care Company Limited by Guarantee ststement of cash flows Year ended 30 April 2024 2024 2023 Cash flows from operatlng actlvltles Nel expenditure 138,0121 132,5291 Adjustments for. Depreciation of tangible fixed assets Other interest receivable and similar income 12,752 15,3351 8,722 17201 Changes in.. Stocks Trade and other debtors Trade and other creditors 1,077 126,3881 44.508 235.910 18.7481 196.567 Cash generated from operations 15,3301 Interest received 5,335 720 Net cash fromllused inl operating activib'es 201,902 14,6101 Cash flows from Investlng a¢tlvltles Purchase of tangible assets Net cash used in Investing activities 115,0031 115,0031 113,0011 113,0011 Net increaselldecreasel in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 186,899 375,387 562,286 117,6111 392,998 375,387 The notes on pages 15 to 26 form part of these financial statements. 14-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements Year ended 30 April 2024 General Infomiatlon The charity is a public benefit enlily and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office Is Easton House, 4 Turret Lane, Ipswieh, Suffolk, IP4 1 DL. Statement of complianco The charity constitutes a public benefit entity as defined by FRS 102. The financial slalements have been prepared in accordance with Accounting and Reporting by Charities. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. Accounting policies Basls of preparatlon The financial slalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through income or expenditure. Golng concern The financial slalements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial slalemenls. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees for parti'cular future project or commitment. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal. 15-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 Accountlng pollcles (continued) Income All income is Included in the stslemenl of financial activities when enlillemenl has passed to the charity, il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income". income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from charitsble activities included in full when re1vable and deferred where received in advance. income from sale of merchandise is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the stslemenl of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Operating leases Lease payments are recognised as an expense over the lease term on a slraight-line basis. 16-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 Accountlng pollcles (continued) Tanglble assets Tangible assets are initially recorded at Cost, and subsequèntly stsled al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value. over the useftjl economic life of that asset as follows.. Fixtures, fittings and equipment Equipment 25Q/o reducing balan 25°/o Straight line Stocks Stocks are measured al the lower of cost and estimated selling price le5S Costs lo complete and sell. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party lo the contractual provisions of the inslrumenl. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement conslitules a financing transaction, where it is recognised al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Current assets and CLJrrent liabilities are subsequendy measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Deflned contrlbutlon plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Limited by guarant80 British Association for Immediate Care is a company limited by guarantee with no share capital. The liability of each member in the event of a winding up is limited lo £1. Donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2024 Donations Donations 1,488 1,488 17-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 Donatlons and legacles (continued) Unrestricted Funds Restricted Total Funds Funds 2024 Grants HELP Appeal 250,000 250,000 250,000 251,488 1,488 Unrestricted Funds Restricted Totsl Funds Funds 2023 Donations Donations 370 370 Grants HELP Appeal 250,000 250,000 370 250,000 250,370 Charltsble a[vItI0$ Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Membership Educab'onal courses 102,614 257,692 360,306 102.614 257.692 67,051 249.884 67,051 249,884 316,935 360,306 316,935 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Shop income 2,672 2,672 Investment income Unrestri¢ted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 5,335 5,335 720 720 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 368 368 18-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 10. Costs of other tradlng actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Cost of goods 1,264 1,264 4,366 4,366 19-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 11. Expendlture on charltable actlvltles Unrestricted Funds Restricted Total Funds Funds 2024 Wages and salaries Grants awarded Rent and rates Light and heat Travel and subsistence Insurance Repairs and renewals Telephone Other office costs IT costs Security Legal and professional Courses Bank charges and streamline fees Conference costs Advertising Depreciation Governance costs 148,735 632 1,511 3,192 19,683 6,155 96 1,161 14.088 11.150 630 3,017 125.320 10,475 61,589 148,735 227,195 1,511 3,192 19,683 6,155 96 1.161 14,088 11.150 630 3,017 125,320 10,475 61,589 226,563 12,752 7,132 12,752 7,132 427,318 226,563 653,881 Unrestricted Funds Restricted Totsl Funds Funds 2023 Wages and salaries Grants awarded Rent and rates Light and heat Travel and subsislen Insurance Repairs and renewals Telephone Other office costs IT costs Security Legal and professional Courses Bank charges and streamline fees Conference costs Advertising Depreciation Governance costs 103,220 103,220 248,641 1,032 3,379 14,916 5,877 248,641 1,032 3.379 14.916 5,877 1,167 11.767 5,867 1,040 2,869 123,234 10,006 50,088 299 8,722 7,104 1,167 11,767 5,867 1,040 2,869 123,234 10,006 50,088 299 8,722 7,104 350,587 248,641 599,228 -20-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 Governance costs 2024 2023 Independent examination fee Accountsncy fees 5,940 1,192 5,400 1,164 7,132 7,104 Grants to institutions: 2024 2023 BASICS Devon BASICS Dorset BASICS Essex BASICS North East BASICS North Staffordshire SARS IBHECCS} BEEP Fund BRAVO Medics EMICS MEDSERVE Wales MARS North Wesl BASICS SCAS SARS SWIFT Medics SAVES SCAS BASICS YAS BASICS 27,000 23,244 25,000 24,397 16,200 15,000 2,400 20,000 22,174 25,000 24,397 20,000 23,750 16,000 15,257 20,000 7,920 17,765 4,200 21,071 24,902 15,000 25,000 23,980 15,547 226,563 248,641 12. Net expendltur& Net expenditure is stsled after chargingllcreditingi". 2024 2023 Depreciation of tangible fixed assets Operating leases Independent examiners fee 12,752 4,116 5,940 8,722 4,762 5,940 21
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 13. Independent examlnatlon fees 2024 2023 Fees payable lo the independent examiner for". Independent examination of the financial slalements 5,940 5,940 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions lo pension plans 136,614 6,121 6,000 95,885 2,937 4,398 148,735 103,220 The lolal remuneration of key management personnel of the Charity was £55,90212023. £52,207). The average head count ol employees during the year was 612023". 41. No employee received employee benefits of more than £60,000 during the year12023.' Nill. 15. Trustee remuneration and expenses None of the trustees lor any persons connected wth theml received any remuneration during the period12023.' £Nill. Two trustees were reimbursed a total of £257 for travel and meeting expenses 12023.. three trustee was reimbursed a total of £1,148). One trustee was paid a total of £1,000 for instructor fees 12023.. one trustee was paid a total of £2,640 for instructor fees). The charity has purchased trustee indemnity insurance for £70212023.. £1,088). -22-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 16. Tanglble flxed assets Flxtures. Freehold flttlngs and property equlpment Computsr equlpment Totsl Cost At 1 May 2023 Additions 220,000 83,017 1,157 84,174 45,630 13,846 59,476 348,647 15,003 363,650 At 30 April 2024 Depreciation At 1 May 2023 Charge for the year At 30 April 2024 220,000 81,142 791 25,231 11,961 37,192 106,373 12,752 119,125 81.933 Carrying amount At 30 April 2024 At 30 April 2023 220,000 2,241 22.284 244,525 220,000 1,875 20.399 242,274 The propety was valued externally by Fenn Wright LLP, Ipswich in July 2021. 17. Stocks 2024 2023 Merchandise 14,067 14,067 18. Debtors 2024 2023 Trade debtors Prepayments Other debtors 14,249 10,393 500 22,286 21,828 216,938 25,142 261,052 19. Credltors.. Amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 2,598 115,499 6,344 118,352 1,487 689 27 118,124 126,872 -23-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 20. Deferred Income 2024 2023 At 1 May 2023 Amount released to income Amount deferred in year At 30 Aprll 2024 110,676 1110,6761 109,559 50,273 150,2731 110,676 110,676 109,559 Deferred income above is in relation lo courses and memberships for 202412025. 21. Pensions and other p05t retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,00012023'. £4,398). 22. Analysls of Charltsblo fvnds Unrestricted funds At Transfers 30 April 2024 At 1 May 2023 Incolne Expenditure General funds Education Fund Revaluation reserve 206.687 461,554 20.000 109.441 257,692 1242.7551 1185,8271 40.929 128,4291 114,302 504,990 20,000 688.241 367,133 1428.5821 12,500 639,292 Al Transfers 30 April 2023 At 1 May 2022 Income Expenditure General funds Education Fund Revaluation reserve 351,561 334,904 20,000 71,181 249,884 1231,7191 1123,2341 15,664 206,687 461,554 20,000 706,465 321,065 1354,9531 15,664 688,241
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 22. Analysls of charltable funds (continuedj Restrlcted funds At Transfers 30 Aprll 2024 At 1 May 2023 Income Expenditure Travel Fund Cotton Trust Steel Fund Haywood Memorial Fund Romanian Appeal HELP Appeal 77.667 250,000 1226.5631 1226,5631 112,5001 112,5001 88,604 77.667 250,000 88,604 Al Transfers 30 April 2023 At 1 May 2022 Income Expenditure Travel Fund Cotton Trust steel Fund Haywood Memorial Fund Romanian Appeal HELP Appeal 2,339 2,500 92 714 2,519 83,808 12,3391 12,5001 1921 17141 12,5191 17,5001 115,6641 250,000 1248,6411 1248,6411 77,667 91,972 250,000 77,667 HELP Appeal fund The HELP Appeal fund provides grants to schemes. Transfers between funds Transfers from the HELP Appeal fund represent a contribution towards the administration of the charity and also the annual conferell. -25-
British Association for Immediate Care Company Limited by Guarantee Notes to the financial ststements (c¢)nfynvedJ Year ended 30 April 2024 23. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Nat assots 244,525 512,891 1118,1241 639,292 244,525 601,495 1118,1241 727,896 88,604 88,604 Unrestri¢led Funds Reslri¢led Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 242,274 572,839 1126,872} 242,274 650,506 1126,8721 77,667 688,241 77,667 765,908 24. Analysls of changes In net debt At At 1 May 2023 Cash flows 30 Apr 2024 Cash al bank and in hand 375,387 186,899 562,286 25. Operating lease commitsnents The total future rninimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 2,792 2,371 4,056 5,164 5,163 9,220 28. Related parties There were no related party transactions in the year12023'. £Nill- -26-