Charity Registration Number 1189246 British Psoriatic Arthritis Consortium Report and Accounts 31 March 2022 Bril-PACT ilith alK lrthritis CcffjorTium
Brilish Psoriatic Arthrilis Consortium Report and accounts tor the year ended 31 March 2022 Contents Page Charlty Inlormatlon Members. Annual Report Slaiement of Members. responslbllltles IndendOn1 A¢¢ountant'$ Report Statement ol Flnanclal Aetlvltl¢$ Balan¢e sheei Notes to the accounts 10
British Psorlatlc Arthrllls Consortlum Members. Annual Report for the year ended 31 March 2022 The Membfyrs presgnl their Rewrt an(J Accounts lor Ihe year ended 31 March 2022. Reference and admlnlstratlve details The ¢h8rlly n8me The lagal name ol the charity is=. Bn"b"sh Psoriali¢ Arthiitis Consortium. The charity Is also known by ils operating name, 8rit-PACT. The charllys areas operntion and UK charilable regI$tIon Th8 charity is registered in England & Wales *iih ihe Chwity CommissK)n in England & Wales ICCEWI wth charity number 1189246. Thg charlly does not operate In any ovwseas juwis¢Jclion$. Leg81slru¢lure ol Ihe charlty The charlty is ¢on51ifuted as a Charita8 Incorporated Organisation ICIOI In England & Wales. Th8 governing document ol the charily is the cons1ilut}n of Ihe CIO as approved by the Charily Commisslon In England & Wal&s ICCEWI . The governing document is dated 20 April 2020 There are no restrictions in the goveming docum9nts on the operation ol the Charily or on ils invgslrnenl powers other than those imposed by Charily Law. The Iruslg8s are all individuals. The prlnclpal opernllng addrnss 8nd webslte ol Ihe charfty are... Department D1, Wollson Building Royal United Hospital. Comb& Park Balh, BA13NG www.bril cl.or The Members In olfl¢e on Ihe d•le the report was approved wern.". A Parkinson B Kirkham DJadon J Packham M Turlrey N Gullick H Jelhwa P Helliwell L Coates O FitzGerald S Siebert W Tillel L Halley lappointed 26111Q0211 S Mukherjee lappointÈd 2&.11 Q0211 The following persons served as Members during the year ended 31 March 2022 :. The wembers vtho served as a member in the reporting period were as shown atx•ve. and there were no changes during ihe year, or in the period between the year end the approval of the accounts.
British Psoriatic Arthritis Consortium Members. Annual Report for the year ended 31 March 2022 Oblects and activities ol the charlty Thepurposes olthe charily as sel out In Ils govemlng document Thè object of the CIO is to rdieve sickness arxl to preserye aThJ prolect good hèalth for Ihe public benefit by promoting medical knowledge. and exeellerKe through educalion and research with particular reference to the diseases of psoriasis and psoriatic afihrilis. The maln ocllvllles undertaken in relallon lo Ihose wrposes during the year In this IlnarKial year, Biit-PACT continues to progress in its missbon lo support educatson at)d res&arch into psoriatic arthritis IPSAI in the UK. We held a successful annual meeling in hybrid lomi81 in Novernber2021 which was wrang8d arKt chaired by Prof Bruce Kirt(ham and Prol Oliver FitzGerakl. This had 52 atlendees132 in person and 20 online). Meeting highlights irKILed a keYrle presenlalion by Prof Ntril McHugh on the PROMPT study, 8 palienl-led session on lessons Irom the COVKY pandemic. abstracl prize-vAnniThJ presentations by rheumatology lellows. 8ril-PACT project updates and international meeting bakout$. We hav8 promoie(J the launch ol an intemalionally funded palienl-facing websi1¢ aiming lo provkle support lor people with PSA lo make positive lilestyitr Changes IvMw.infornalree.orgl. We intend to launch a pilot research granl scheme in Autumn 2022 arKI continue to progress supwrb'ng othèr research projects wth extemal lundiThJ. We have now suc¢esslully cornpleied the fitst James Lind Priority S&tbng Partnership in rheumatology. The JLPSP provides the basis for research priorilies in psoriatic arthnlis and is delY respecled by the NIHR and HTA. The partnership brings iogeiher all the rnaior stakeholders atm1 shares opinK)n across the patient, carer and health prolessional spectrum. This pe$S has idenlilied Ihe Top 10. ideas for rasearch in PSA.. lor ihi8 We SLJPPOrt8d dissemination Ihrovgh a nLtrmber ol roul8s in¢Iling palient podcasl channel 'PsA HO,. This work has also been presented al Nabonal aThJ Inlemational th8umatology meelitvJs and is due lor lull publication later this year. Bril-PACT continues to prowde support and updates lo Ihe British Sociely lor Rheumatology on ils, aclivilles and pro¥Ade¥ support to SLttxommitlees ol Ihe BSR SLKh as recommendations lof biologic use in psoriatic arthritis. The maln actlvllles undert8ken durlng Ihe year to further the charltys purySe for Ihe wbllc beneflt. As in prèwous ygars Ihe main aciivities ol Brit-PACT duriro Ihe last year warg eaucational rneelings and the JLPSP both of which fulfilled the purpose ol the charity and will be ol benelil Ihe charity's beneficiaries. As noted above 8ril-PACT patiènt parfners have prornoted Ihe launch ol an inlernaiionally funded palienl- lacing website aiming lo prowde support lor peoplg th PSA to make positive lifestyle chang8s. The Iruslees have had r8gard to Charity Commissron's guKlance on publ benefit in managing the Bctiviti&s of the charity.
British Psoriatic Arthrilis Consortium Members, Annual ReF)Ort for Ihe year ended 31 March 2022 The maln 8¢hlevements anthperform8n of Ihe ch8rtty durlng the year As notèd abovg a major a¢higVgmgnt was thè complètion ol the first James nd Priority Setting Partneiship in rheumafology. The partnership brought log8ther all the tnajor stakeholders in ihis disease area including patient, carar and health yolessionals. The proce Kjentilied thè'Top IO. Ideas for r8search in PSA and th8 results were dissemination through a number ol routes including patient tmxkast ¢hann81 'PsA HQ., national and internaiional rheumatology meetings and a full puljication is imminenl. Bril-PACT ¢ontinu8s lo Conduct fyducational meettngs lor rheumatology health care professionals and seek5 to grow membership bwth a wider speclrum ol HCPS. including dern)alok)gists and allied health professionals. We have promoted the launch ol an intwnalionally funded patienl-laung website aiming to provide supp)rt lor people with PSA lo make pu5ilive Ib185tyle changes Iwww.informatree.orgl. We continue to progress supporting research proj8¢1s and our Brit-PACT patsenl driv&n resear¢h paper was putrJish8d in BMC Rhèum.. 'Palienls' perspe¢lives ol tèlemedione at4)oinlmenls lor psoriati¢ arthritls during the COVID-19 pandemic.. results ol a patient-driven plot suThey We continue lo enhance awareness of pallenl exporiancg and enabling more paiienis to conngcl and become lnvofvI in researth. patient partner5 are being co- opted lo the Sl6èring Committee ol Bril-PACT and we conlinug lo grow our patient network. Th& patient partners also continue lo share the patient pwsmive V+ilh Cjinicians & HCPS and lIarat0 with olh&r organisalions lo inform research direction. The diiference Ihe charlty's pertomiance durlng Ihe year IMS mad• lo tho beneflcl8rle$ of Ihe ¢h8rlty Recognised by NIHR and FrrA the James Lind PSP has WiOTilised research thomgs for th researchers and lunders ané will locus direction of research for Ihe luture. Bril-PACT educational updatos and virtual meeting5 provide educalional opportunities lor rheumalologisls in training and rheumatology teams in the UK. The Bril-PACT patient partners also benefil trom these educabonal activilies as w911 as providing support lo others both in person and dectronicafiy. The degree lo whlch th• •chlevemenl$ Jndp•rfomJ8nce durtnq the ye8r have beneflled wlder so¢lely- The charity ha5 had an •mcl on heallh profession education throughout the lasl year and is promoting new initiatives lor research in psorialic arthritis by offering FY"lol research grants. The JLPSP will help both resèarchers and lunders to priorilise research in this area and help pr8v8nt thè impact of psoriatic arthritis on patients. carers. and em0Yers, as well as to raise Ihe profile ol psonalic arthri115 from a societal point ol view. The palient partners provide an alternabve TspectiVe to psoriafjc arthritis and PTolessionals and patients alike lo achieve better, more holistic, care. Structure, governance and management of the charity The methods used to rncrull 8ndappolnl new Charity truslee& The Bril-PACT constiiution incorporates dections lor major Executive committee wsitions. The Executive Committee Ilrusleesl includes rheumatologists in Iraining, allied health prolessiona15 and patient partners. In line with the constitution ol the Chariiy nominalions are sought annually lor new Executive ¢ommittee embers as vacancies become available, and vobng is by a single vote of all members, the majority volg taken as the definitiv• r8sult. In this financial year Ihere have been two new members elt. New patient partner representatives on the Execuiive Committee arè ¢unenNy being sought. Bankers Ufir(y Trust Bank. 4 Brindley Place. Bimiingham B1 2JB Ston8 King LLP. 13 oUn Square, Bath BA1 2FU DR Hicks. 107 Penn Hill Road. Bath BA1 3RU Solicitors Accountants
Brltlsh Psoriatic Arthritis Consortium Mernbers, Annual Report for the year ended 31 March 2022 Financial revlew The charitys financl81 poslllon 8t Ihe end ol Ihe year ended31 Alar¢h 2022 The linan¢ial position of the chaiity at 31 March 2022 and comparatives for the prior perMJd, as more lully dalailed in the accounts, can be summarised as lollows:_ 2021 Net Income 70.123 110.379 UnreslrScled Revenue Funds available lor the general purposes of the charily 94.128 110.379 Reslr¢led Revenue FurKIs 86,374 Total Funds 180,502 110,379 Fln8nclal revlew ol the position 81 the reporting dare 31 March 2022 Tho membgrs conskler the linanclal performare by Iha charily during Iho y9ar lo have been salislaclory. Pollcles on reserves The board ol Iruslggs a9ree lo wn the charity with reserves 8uffi¢iènt to me81 exponsgs lor aFyroximalely one year. AvallJblllly8nd 8dequacy ol•S$S oleach ollhe lunds The board ol truslees is salislied Ihal Ihg ¢harity's assels In each fund are available and adequate lo lullil its obligations in respect of each lund. Details of The Independent Examiner Diontr Hicks Mernber ol the Instilute ol Chartared Accounlanls in Erwjland & Wales 107 Ponn Hill Road Bath BA1 3RU
Brltlsh Psorlatic Arthrilis Consortium Members. Annual Report for Ihe year ended 31 March 2022 Stalemenl of Members. Responsibilities The charity's Iruslees are restM)nsiNe lor the preFHraiion of Ihe accounls in accof(lance wlh ihe terms ol the Charities Act 2ts11 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding Ihe explial requirement in the extant slatulory regulations.the Charibes (Accounts and Reports) Regulations 2008. 10 prepare the financial statements in accordance wlh the SORP 2005. in view of the fact that the SORP 2005 has been wthdrawn, the Members deteined to interpret this responsib'lity as reqLJiring them to follow current best practice and pr8t>aitr Iho accounts acwrding lo the FRS 102 SORP Islalement ol Recommended Practice lor Accounting and Reporting by Charitsesl 2015, las amended by the Bulletin issued in October 2018 and aF0icae to all accounting periods Ixginning on or after 1st January 20191. (The SORPI, In particular. charity law requires Iho Mgmbgrs. il Ihoy prepare accounts on an accruals basis, lo pYepar8 rinancial slalements for ea¢h financial year %ths¢h Lmve a true and lair view of the state of affairs ol the charity as al th8 end of the financial yea¥ and ol the suwus or deficit ol the charity. In wepwing those financial slalernents the Members are required to=. - to prepara th8 accounts in accordanc8 wilh Unitèd Kingdom G8n8rally A¢¢epied Accounting Practice Iuniled Kingdom Accovnling Slandai¢Js and applicYe lawl. . select suitable accounting polici8s and apY them consisleniiy- - makg judgemgnls and eslimat9s that arfj reasonaNe and prudenl,. - pr9pare Ihg Ilnancial slalgmenls on Ihe going concem basis unles811 is inappropriata to presume Ihal Iho charity wll continue in SinesS. slate whether applicable accounting standards an¢J statements of recommended practice havo been followed, subi8¢t to any maierial departures disclose(l ancl explained in the linancial sialements., The law requires thal th& trust musl not approve tho accounts unle55 Ihey are satisliad that thay giv8 a true and lair view ol the state ol alfairs ol the charity and ol the surplus or d&licil ol the charity lor the year. The Membars ara also rgsponsible for maintaining adequate accounling records which di$cbse with reasonable accuracy at any time the financial FK)Sition ol the ch8rily and which are sulfr'cient lo show and explain the charity's transaclK)ns and en>le them to ensvre Ihal the financial statements comply with regulations made under the Charities Act 2011. They are also fesw)nsiUe lor saleguarding the asse18 of the charity and hence lor faking reasonable steps for the prevention and deleciion of fraud and other irregularities. The Members arè also responsi9 for the contents ol the Members. rèrKJrt. and the statutory responsibility ol the Independent Examiner in relalion to lh& Membèrs, ItrtK)rt is limited to examining the rèport and ensuring that on the face ol the report, there are no matèiial inconsistencies with the figurès disclosed in the linancial slalemenls. This reFort was approved by the board of trustee5 on 25 November 2022. P Hèlliwell Trustee
British Psoriatic Arthritis Consortium Report of the Independent Examiner to the Members of the charity on the accounts for the year ended 31 March 2022 I report to the Members on my eyamination ol Ihtr f•)an(> statements or th8 charity pages 8 to 17 for tho year ended 31 March 2022 which have been prepared in accordance vmth the Charities Act 2011 Ithe Actl and with the Financial Reporting Standard 102. (effective 1st January 20161 as m(xJified by FRS 102 SOAP Istaternent of Recotnmend8d PractlC8 for Accounling and Reporling by Charilieg) 2015. las amended by the 8ullelin issued in October 2018 and applicable to all accounling periods beginning on or after 1st January 20191. (The SORPI. published by the Charity Comrnission in England & Wales ICCEWI . and under the historical cost convention and the accounting policios S8t out on Pa 10. R&spe¢V& r08pon$lbllltles of the Alembers and the Independont Examlner and thè ba$1$ ol the rtrport As dfjscribed on page 4, you, the charity's Members. are spOnsible lor the preparation ol the financial slalernenls in accordance with the Charilies A¢1 2011 and all olhgr appIable law and iih United Kin9dom Generally Acceplgd Accounting Pra¢lice, applicable to srnaller enlilies, and lor being satisfied that Ihe financial s1818mgnts gsve a true and lair view. The Members consider that the audit requ1Men1 ol Section 144111 ol the Charitiès Act 2011 Ithe Actl does not apply, and Ihal there is no iequiièment in the Governing Docurmnt lor the Ixjnducting of an audit. As a eonstqu8n¢g, Iht MemrS have elected Ihat the linancial slalements be svbpct lo independant examlnation. Having satislied myself Ihai Ihe financial slaiements a noi ¥vir9d 10 be audilgd under any legal provision. or Olherwise, and arè eligiblè lor indèpèndani èxamination, it 1$ my responsibility lo'.- al examine the linancial stalements ol the charily under Section 145 ol the Act., bl follow the applicabl8 prCedureS in the Directions given by th& Charity Comnwsslon uThJ¥r secn 14515llbl of the Aci. Ball8 of Indepgndgnt Examln¢r'¥ Ststement and s¢opg ol work undertoken I report in respect of rny exanunation ol Iho ¢harity'$ financaal statements Carried out urKler s145 01 the Act. In carrying out my examination, I have followed all the appIe Direciions given by Ihe Charily Commission under sectlon 145lSllbl ol the Aci setting out Ihe dut$ ol an inLlependent examiner in relaOn 10 the etsndueiing ol an independent examination. An independènt examinaiv)n includes a rèview ol the a(ouniing records kept by the charity an¢J of thè aceouniing systems employed by the charity and a comparison of Ihe financial siateffnts presented with those rectsrds. It also includes consideration ol any unusual liams or disclosur8s in th8 linan¢ial statements, an¢J seeking explanaiions from you. as Members. cOerning such matters. The purpose ol tha exarninalion is 10 8slablish as lar as possible Ihat Ihere hav8 been no breadS ol charity legislatr'on and that, on a test basis ol evidencg relevanl to lh9 amounts and di5closur88 made, th8 fin8n(xal statements comply with the SORP. The procedures undertaken do 1 provtde all the evidence Ihal would be wuired in an audit, and information supplied by Ihg Mgmbfyrs in the course of thg ¢xarnination is nol subjected lo audit tesls or etwuiries and does not cover all Ihg mallers that an auditor wouky consKler in arriving at an optnion. The planning and conduct ol an awlit goes bèyond the limited assuran(x that an independent examination can provide Consequently, I do not exprgss an audil opinion on the view given by the financ4al slatemenls. and in particular. I express no opinion as to whelher the linancial stalern8nts give a true and lair view ol the affairs of the charity. and my report is lirniled to the nmtters sel out in slalement below. I planned and pertormed my examinab.on so as tts satisfy mysdf Ihat Ihe ¢)bCtiveS of the independenl examination are achieved and ffOre linalising the feport l obtained written assurances from Ihe Memr$ ol JI malwial matters. Independènt Examln8Vs Ststement. Rèport and Opinlon sUbe¢l to the limitations tpon the scope of my wcx as detaw above, I have cotryjleted rny examination.. and can confirm that-.-
British Psoriatic Arthrilis Consortium This is a port in res of an examin&)n carried oul un¢Jer 145 of the Act and in accordan(e wlh Directions given by the Charity Commission unthr seebon 14515llbl ol the Ac¢ whh rnay tx applicable", ano that no rnaterial matters have corne lo rny attention in connettM)n writh the examination giving me cause to believe that in any rnalerial rosFe.. accounting r¢¢orts V+vr8 not kept in resped of the charity as required by wth Secbon 130 of Th8 Charities Act 2011 the linancial statements (kj r1 accorcl wth those IS.. or the linancial staternents do nol cOrnY with the aprAicable requirements concerning the lom) and content of accounts set out In the Charities (Accourrts and Reportsl Regulations 2008 olhef than any rgquirern8nt that tr)e accounis give a'lrue and fairf view. thich is noi a matt&r Con[8 as part ol an independeni exarninaiion., have noi beon prwr•d in a(w(Janc9 Tth metho(Is and s81 out tn thè FRS 102 SORP Istatefflent of Recomrneniled Practice lor Accounbng and ReFN)rting by Chariliesl 2015, la5 arnended by the Bulletin issued in O¢ioLr 201B and appwg tts all accounting penods beginning on or aft¥r 1s1 January 20191. IThe SORPI. I have no concerns and hav8 com& across olh8r matters in connection wth the exarnination to whth attanlion should te drawn in this report in order io enable a proper understanding of the linanoal $tst¥ments to be reached. Slgnod... D u)fvaAioLa Dlone Hicks- Infjependent Examiner Chartored Accountants 107 Penn Hill Road Bath 8A13RU This r8POrt Yfas signed on 25 Novmt*r 2022
British Psoriatic Arthrltls Consortlum Slatement of Financial Activittes for the year ended 31 March 2022 SORP Cutyet)t year Unrgsirfcted Currént tr A8strlct8d Funds Currenl y Total FuThd¥ Prlor Y&ar Tolal Fundg 2W22 22 IrKom• & Endowrnents from: Donations & Legacies Charitable aclivities A1 30.328 86.374 11Q702 40,359 10,3 Total Incomfr 30.328 e6.374 116,702 50,709 Exp8ndltur• on: Charitable 8Clivitl95 B2 46.579 4&579 26,815 Total 8XndItr¢ 46.579 46,579 26,815 N•t Ineom• lor th• ygar (16,251) 374 70.123 23.894 Transl•rs betw•8n lund8 86,485 Nfrt Incom& 8lt•r tr8n8l•rs A-&C 116,251) 86.374 70,123 110,379 Nèt mov•m•rf In lund$ (16.251) 86.374 70,1TJ 110.379 Reconclllatlon ol funds:. Total lund8 brouoht forward 110.379 111379 Total funds carrknd forwjrd 1,128 86,374 180,502 110,379 The'SORP Rèf Indicaittj abova is Ih8 classification ol irtomp sei out in thè formal SORP (k)¢urnents. As required by paragraph 4.60 of lh8 SOHP, the brOdhI forward armj Carri1 f(Nward fund5 ats)ve have tAen aoreed lo the Balance Sheet. A Separate Statement of Total Heccgnis8d Gwns aThJ Lc6SaS is rUlad 8S thi% statement includes 1 fecoufused gains and losses. All the prior year transactions were unrestricted iienL%. arKI lurlhgr anaty5i5 is ruIre£l Atl activities don from continuing (wa"0n$ The note5 attached on pages 10 to 17 form an integral ot these accoun
British Psoriatic Arthrilis Consortium Balance Sheet as at 31 March 2022 SORP Nole Rel 2021 Current assats Debtors Cash al bank and in hand 25.200 93.747 189.093 Tolol curronl assets 189.093 118.947 Credltors: amounts falllng duè wlthln one ygar 7 C1 18.5911 18,5681 Net current •$set$ 180.502 110,379 The tot81 n•t a$$et$ of Ihe ¢h¥rlty 180.502 110.379 The total ng1 a$881$ of tho chority •re fund by Ihe lunds ol the ch•rlty, a$ follow$:. RestrScted funds Re$ln¢lgd Revenue Funds 11 02 86,374 86.374 Unrè$trlcled Funds Unreslrlcted R8venue Funds 94.128 110a79 94.128 110.379 Deylgnated Funds Total ch8rfty funds 180,502 110,379 The'SORP Ref indicaled at)ove is the classification ol anCe Sheei item5 as sel out in the formal SORP documents. As required by paragrarth 4.60 01 the SORP. Ihe tyoughl forwarcl an¢Y carried lorward funds abov hava beèn aoreed lo the SOFA.. The Members acknoad9 th8lr responsibilities for complwng 7Mth the rgquiremenls ol charsty legislalion wih re.. The charity is subjecl lo Indedenl Examinalion under tharity legislation. and the report ol the Independent Examiner is on page 7. The Members are salisfied ihat, although the charily is not registered under the Companies Acts. if it were so registered, il would b8 eligitA8 to prepar8 a¢(x)unts in accordance wth the provisions in Part 15 01 tha Companies Act 2006. applicable companies subjecf lo the small companies regime. P Helliwell TFU5tee Approved by the board ol trustees on 25 Novembèr 2022 The notes aitached on pages 10 to 17 forni an InlegT?I part of these accounts.
British Psoriatic Arthritis Consortium Notes to the Accounts for Ihe year ended 31 March 2022 1 Accountlng policies Poll¢les 19tIng lo the produclion ofthe accoun1& Basls ol preparatlon and accounting conventlon The accounts have been prepared on the accruals basis. under Ihe histoal cost convention. and in accordance with Ihe Financial Reporting Standard 102. (effective 1 st January 20161 and 'FRS 102 SORP IStalem$nl of Recommended Practic8 lor AccoLtnling and Reporting by Charili&sl 2015, las amènd by Ihe Bullgtin issued in October 2018 and applicable to all accounting pericKls beginning on or after 1st January 20191. (The SORPI. published by the Charity Commisston in England & Wales ICCEWI eN8¢live January 2016. and in accordan¢9 with all applicable law in the charity's jurisdiction ol registrabon. except thai the charity has prepared the financial slalemants In accordancè with the FRS 102 SORP (Stalement of Recornmended Practice for Accounling and Repotling by Chariliesl 201 S. las amerKled by Ihe Bulletin issu1 in October 2018 and applicable to all accounting periods beginning on or all&r 1 sl January 20191, (n)e SORPI. in preference to the previous SORP, the SORP 2005, which has been wlhdrawn, notwlhslandiwJ the lact that the exlanl slatulory reg(slations, the Charitl8S (Accounts and Reports) Rggulations 2008 re19r eXpl111Y to Ihe SORP 21)05. This has been done lo accord with current best practice. Golng Concern Under 3.38 and lo comply wlh 3.14, il thgre arg no unc8thnb.gs about going concèm this MUST be staled. Under 3.39, if there are unc8rtat.nbes details musl be given. Enter lexl here to comply Suggested nomat l&xl Iwhioch may requi nN)Oificab"on io meei the Circumslar):. Thg charitable activities are entirely dependent on continuing grani aKI and volunlary donations as well as Iradiw revenues. As a consequonc8, th8 going concom basis is dgp9ndgnl on Ihe lulurg flow ol Ihese uncertain furing Slrearns. Accordingly. the Trusl8os havo obtained lorocasls atKI, aftgr revigwing Ihg financial lorecasls lor lulur& pèriods lo 31 March 2021. lh& Trustggs are salislied that. al the bme ol approvino lh6 financial slalernenls. il is appropriate lo adopt the going conc8m basis in prnpariThJ th8 financial slal8mènls. Olher than Ihgsg mallers, the Trusitres are not aware of any maierial urKerfainites at(•ul Ihe charily's ability lo conlinue as a going concarn. Rlsks and lulure assumpllons Tha charity is a public benolil enlity. Poll¢les relaiing to calegorte5 oflncome aftdlncome Tecognilion. Nature of Income Gross income represents Ihe value. nel ol valLte athjed lax and discounls. ol goods providgd lo customers and work carried out in respect ol services provKled to custorners. C8tegorles ol Income Income is calegorised as incorne Irom excharvJe transactions Iconlracl incornel and income from non-exchang8 transactions Igiftsl. invesimenl income and other in¢ome. Income from exchange transactions is received by the charily lof goods Of servtes supplied under contract or where gntitlemenl is subject lo lullilling pertormance related conditions. The income the charity receives is approximately equal in value lo Ihe goods or serVeS supF4ied by the charity lo Ihe purchaser. In¢ome from 8 nonx¢hange Iransaction is where the charity receives value from the donor wilhoLJI promding equal value in exchange, and includes donations ol money, goods and seeS Ireety given without giving equal valua in 8xchange.
British Psoriatic Arlhrilis Consortium Noles lo the Accounts for the year ended 31 March 2022 In¢ome recognition Income, whether from exchang8 ¢y non exchange transaclions. is recognised in the stalèm8nt ol financial actiwlies ISOFAI on a receivable t>asis, when a iransaction or other èvènt results in an increase in the charily's assets or a reduction in its liabilities and only when th8 charrty has l¥Jal tieMent. the COrne is probable and can bè measured reliably. Dividends are accrued vknen the shareholder'5 right lo re¢eiv8 payment is esta1shed. Income subject to terms and conditions which musl be met bolore the charity is entiuod to tha rgsourc95 is not recognised until the Conditions have been mel. All income is accounted for gross. bgfor9 duCting any relat&1 fees fx costs. Pollcles rn18tlnq lo expendllure on goods •nd setvlce$provlded lo the chartty. Recognltlon ol Il•bllllles And 8xpendllure A liability, and the related 8xpenclitur&. is KlS¢d when a legal or constructive OlIgatiOn exlsls as a rgsull ol a past gvenl. and when il is more likely than not Ihal a transfer of economic benefits will be requlred in sgttlement, and when the amount of the obligaiion can be mgasurad or reliably estimated.. Liabilities arising from future fvjnding commilmonts and constructive oiYigaDons. includlng pgrformance related grants, where the liming or the amount ol the hjture expenditure required lo settle the obligation are uncertain, give ris8 lo a provision in the accounts, which is reviewed al Ihe accouniing year end. The provision is increased to rellecl any increases in liatrililies. and is dgcreased by the utilisalion ol any provision within Ihe period, and reversgd il any provision is no nger required. These movgments ara charged or creditecl to the respeciiv& lunds and aclivltlgs to which Ihe prowsion rdales. Pollcles relallng to g5sels. 118bllllles andprovlslons and other m•tter& Debtors Debtors are measured al Iheir recoverat4e amounts al the Wance sheel dalg. Credltor$ 8nd provlslong Creditors and provisions are moasured at th1 recoverabla amounts at the balanc& sheet dale. Cash •nd bank balances Cash held by the charity Is includ1 al Ihp amounl aciually held and counted al the year end. Bank balances. whether in ¢r9dit or ov8rdrawn. are shown at the amounts properly reconcilod lo Ihe bank stalemenis. Fund A¢countlng Unrestricted funds are aVailae lor use at the dbscrelion ol tho trustees in furtherance ol the general objectives ol Ihe charity. There are no designated funds. Rtrstrietod funds are subjecied to reslrictions on their exprture imw$8d by th& ¢S)nor or through the terms of an a)e or as implied by law. There are no endowment lunds.
Brltish Psoriatlc Arthrltls Consortium Noles lo the Accounts for Ihe year ended 31 March 2022 2 Llabillty to I#X•lion The Trustees consKJer that the charity satisfies thè tèsts set out in Paragraph I Schedule 6 of the Finance Act 2010 lor UK corporation lax puTPO5. Accordingly. the chlty is potenallY èx8mpi frorn taxation in respect ol income or capital g&ns received within categories covered by chapter 3 part 1101 the Corporation Tax Act 2010 or Section 256 01 the Taxation ol Chargeable Gans Acl 1992. to the exlent that such income or gains are appliad exclusively on the specific charitable oty'ecls ol the charity and IOT no other purpose. Value Added Tax is not recoverable by the charity, and is Iherelore i1luded in the rglgvant costs in the Slatement ol Financial ActiMIi8s. 3 Wlnding up or dSssolutlon ol the ¢harfty 11 upon winding up or dissolution of the charity there remain any assets. alter the salislaclion of all dèbts and liabililies, the assets represented by Ihe accumulat&Y fuThJ shall bg Iranslorred lo some olhar ¢harilable body or bodies having sirnilar objects lo the charity. 4 SlgnSflcance ol flnanclal Instruments to the ¢h8rflYs posltlon There are no significant im IcationS ol linartial instruments 10 the CharSty'S posilon. S Remunergllon and payments to Trustee9 and r$On9 ¢onnected wlth them No Iruslees or ptrrsons connected wilh them received any rgmuneralion from the charity. or any relalod entity. 6 D&blor$ 2022 2021 Trada dablors 25,200 7 Credltors: amounts falllng duo wlthln one swar 2022 2021 Trade ¢redilors 8,591 8,568 8 Income and ExpendSture account summary 2022 2021 At 1 Aprll 2021 Transfers in lor the y8ar At 1 April 2021 Surplus lor the year 110,379 86,485 86.485 23,894 110.379 70.123 At 31 March 2022 180,502 110,379 9 No related party Iran$a¢lion$ There were no transactions Yith related parties in the year.
Brilish Psoriatic Arlhrilis Consortium Notes to the Accounts for the year ended 31 March 2022 10 Particulars of how partlcular fund$ are represenled by assels and liabiliiies At 31 March 2022 Unre*rfj¢ied Designated Restricted lund8 lunds lurKI$ Total Total Fund8 Fund$ CurTenl Ass&ts Current Liabilities 102.719 18.5911 86.374 189.093 {8,5911 189,093 18,5911 94.128 180,502 180,502 Al 1 Aprll 2021 UN¥TIct•1 Opsignaled Re$irl¢ied lunds lund$ funds Total Funds Tolal Fund8 Current Assets Current LIa'11t1&s 118.947 18,568 118,947 18,5681 118,947 {8.5681 110,379 110,379 110.379 11 Change In total funds over the yaar a$ $hown In Note 10, analyse(I by IndlvSdual funds Fund$ broughl l+)rw•rd from 2tr21 Movernenl In lund• In 2W22 Transters Fund$ ¢arrl•d Funds currlod between forwaril IQ lotword to lun¢$ In 2023 2023 2022 S••N•12 Unrestrlcled and deslgnaled fund$.'. Unreslricled R8venue Funds 110,379 116,2511 94.128 94.128 Totsl unreslrlcled ond deslgnated lund$ 110,379 16,2511 94.128 Reslricted lunds:. Sequence Projecl 86,374 86.374 86.374 Total restrlcted fund$ 86,374 86,374 86,374 Total charity funds 110.379 70,123 180,502 180,502
British Psoriatic Arthritis Consortium Notes to Ihe Accounls for the year ended 31 March 2022 12 Analysls ol movement$ In lunds over the 3T as shown In Nole 11 Other Income Expenthture Galns & Movemem Movement Losses In lunds In tunds 2022 2022 2022 2022 Unrestricted and designated lunds... Unreslricled Revenue FurKIs 30,328 146.5791 116,2511 116,2511 Reslrleted lunds.'_ Sequence Proj8Ct 86.374 86,374 86,374 116.702 46,579 70,123 70.123 13 The purposes lor whlch the funds as delalled In note 11 are held by the charlty Unrestrlcl8d and de$lonal•d funds... Th8sg funds are held lor the mg91ing the oty'eclives ol lh8 Charity, and lo providè reserves lor luture activtbes. arKI , suty.l lo charity18gislalion, ar8 Iw from all reslri¢lions on their use. Unreslrlcled Revenue Funds Desionalell Revenue Funds There are no such furLls hehj by thè Charity. Restrlcted fvnds... Reslri¢le# Revenue Funds FuThJs specilic lor this PUPOS8. 14 Ultlmate controlllng party The charity is Ltnder the conlrol ol its legal membeTs. 11 thé CIO is wound up, thè mèmbèrs of thè CIO have tKS liaknlity lo conlrlbut8 to its assgts and no p&rson responsibility lor seltling ils debts and liabili(ie5.
Brilish Psoriatic Arthritis Consortium Detailed analysis of Income and expenditure lor the year ended 31 March 2022 as required by the SORP 2015 This analysls Is classslllgdby ¢onventional nomlnal d•s(*?tsonsand nolby activity. 15 Donallons. Grants and L8gael¢$ Currenl y Untestrlcted Funds Current yoai RestCled Funds Current year Toial Funds Prfjor Year Tolal Fund8 2022 Donatlon$ •nd glfts from Indlvlduals Srnall donations indiwdually less Ihan £10 2.828 2,828 159 Tot•1 donatSons and glfts Irom 5ndlvlduals 2.828 2.828 159 Curreni Current yeai Tolgl Fund8 Prlor Year Tolal Funds Rogtrf¢ted Fund8 Funds 2022 2021 Revenue grBnt$ ond donallons from non publ1¢ bodle$ Plizer 43.187 43.187 43.187 43,187 Total prlv•te Sector revenuo giant$ 86,374 86.374 Curyenl year Curr•nl ymr Currèni ythr Vnr•slrl¢ted Rè51vlct¢d Total Funds Funds Funds Prlor Year Toial Funds 2W22 2022 2021 Sponsorshlp$ 27.500 27,500 40,200 Total sponsorshlp Incomg 27,SLVJ 27,500 40,200 Total Donatlons. Grants and Legacles Total Donations. Grants and Lagacles A1 30.328 86.374 116,7(Y2 40,359
British Psoriallc Arthrltts Consorllum Delalled analysls of Income and expendlture lor the year ended 31 March 2022 as requlred by the SORP 2015 16 In¢omo from ch¥rltsble octlvllles- Trodlng kllvllles Curr•nty•8r CuThenl CuTh8nl y•ar Uniesirfaed Rè*tdcttd Funds Funds Current •r Tot•1 Fund¥ Prfor Ygar Total lunds 2022 2021 Prlmary purpose and anclllary tradlng Grant income 10.000 Aoom hire 350 ioiai vrimary purpose ano on¢iiiary Ir8dlna 10,350 17 Total Income from ¢horll•lYe 8¢117Alle$ Tolal income from charllable Iradlng Total Irom ¢h•rll•bl& •¢tlvllle$ 10,350 10.350 18 Expendlfvre on ¢horllable actl¥ltle5- Dlrect spendlng Curr•ni )••r Curr•nl 1r Currenl yur 101 Yeai Unttrytrieted R¢ytvl¥d Total Fund• Total Fund8 Funds Funds Current Year 22 2021 Adrninistration 188S AbslTacl award Project fees Patient Partner expenses Course expenses 2,849 500 23.104 6,290 6,769 2049 500 23,104 6290 6,769 3,347 16,4 2,362 Total direct spending B2a 39512 39A12 22,799 19 Support costs lor charitablo actl¥ltles Curyeni year Cumt year cuTnt year Prior Ye8r Unreslricted Hestrieied Total Funds Total Funds Funds FndS Current Year 2022 2022 2022 2021
Brllish Psorlatlc Arthrltls Consortlum Detailed analysis ol income and expendlture for Ihe year ended 31 March 2022 as required by the SORP 2015 Premlses Expenses Rent payable under operating leases 1,850 1.850 1.275 Admlnlstr8tlve overheads Telethone and inleinel Sialionery and printing Subscriptions IT support and costs Insurance Bookkeeping fÈoS Other professional lees 222 121 121 222 121 121 912 263 1.004 1,532 263 570 1,532 Flnancl81 costs Bank charges 98 Support costs l)oloro roftllo¢Allon 5,897 5,897 3,066 Total 8UPPOrt ¢o$t$ 5,697 5,897 3,066 All the expendilLFr6 in Ihg prior y¥ar was ynrtrslricted. 20 Other Expondltur•- Go¥emanee ¢o$t$ Curnl year Curr•ni ymr Current yejr Unrogtvfj¢ted ReJtrfcl•d Toial Funds Fund* Fundg Prl¢x Year Tolltl Fund• Currenl Ye8r 2022 2022 2022 Indendent Examinerfs lees 1,170 1.170 950 Total Gov•rn8n¢& ¢o¥t$ 1,170 1.170 950 All the exFendrturè in itre prior year was vnrestricled. 21 Total Charlloblè oxpendllurè Cumt yew Current yw Current year Prlor Yèar Unrestricted Total Fur¥ Total FuThd8 Funds current Ywr Funds 2022 2022 2022 2021 Total direct spending Total support costs Tolal Governance costs 82• 82d B2e 39.512 5.897 1.170 39,512 5,897 1.170 21799 3,066 950 Total charltable expendlture 46,579 46.579 26,815 AIS the expenditure in th8 prior year was unresiricted. Proor Y8Jr Prfor Year Ptlor Year
Brltlsh Psorlatic Arthritis Consortium Detalled analysls of income and expenditure for Ihe year ended 31 March 2022 as required by the SORP 2015 Iree0 Fundg Reslrfcted Funds Toial Funds Prior Year Total direct spending Total support costs Total Govemance costs B2a B2d B2e 22.799 3,066 950 22.799 3.066 Totsl charltable expendlturo 82 26.815 26.815