Charity registration number 1189777
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr P Boyle Dr J Stanford Dr K McCarthy Dr P Carpentier Dr T Parnell Dr J Arraztoa Valdivies Dr. Z Horodenchuk
(Appointed 1 August 2022) (Appointed 1 August 2022)
Charity number
Charity number 1189777 Principal address Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT Independent examiner Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The trustees present their annual report and financial statements for the year ended 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's CIO Association, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The Charity's objects are the relief of sickness and preservation of health of the public, and in particular those with reproductive health needs, throughout the world, primarily (but not exclusively) by:
A, Advancing the education of the public and health care professionals in Restorative Reproductive Medicine (RRM);
B, Promoting, conducting and funding research into RRM and disseminating the useful results;
C, Promoting and maintaining high standards of professional in RRM; and
D, Advocating for patient access to RRM. For the purposes of this clause, Restorative Reproductive Medicine (RRM) describes the field of medicine in which investigations and treatments of reproductive concerns are exclusively used in ways that cooperate with and restore or optimize reproductive physiology, function or anatomy, and avoid the use of all non-restorative or non-cooperative methods.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
The International Institute of Restorative Reproductive Medicine (IIRRM) unites providers & researchers in educating, researching & promoting scientifically-based and well researched reproductive health care services that cooperate with and restore reproductive function. Restorative Reproductive Medicine (RRM) exclusively focuses investigations and treatments on identifying and correcting abnormalities, restoring or optimizing natural reproductive function.
Achievements and performance
The charity has made significant achievements in advancing the education of the public and healthcare professionals in Restorative Reproductive Medicine (RRM).
Education and Training : They have provided 16 webinars, providing accredited continuing medical education credits to over 200 RRM medical providers, including clinicians, fertility instructors, and other allied health professionals. Additionally, more than 1200 individual recorded webinars from the 300-plus hours available of continuing CME-accredited education have been accessed.
Research and Dissemination : The charity has actively promoted, conducted, and supported research into RRM. They have supported the publication of one scientific paper, with several others in progress.
Board and organization members also continue to provide regular mentorship and outreach to other organizations, students, clinicians, and allied healthcare providers. Monthly online journal clubs, grand rounds, and research updates hosted by the organization facilitate the dissemination and discussion of current research, contribute to the scientific community's understanding of reproductive health, advance the field of RRM, and ultimately improve patient outcomes, and patient care provided.
Collaboration and Outreach : The charity has actively collaborated with other organizations through mentoring and collaboration to enhance awareness and understanding of RRM across different professional communities. The organization coorganized and participated in a collaborative 24-hour Global Summit bringing together groups and organizations from South America, Australasia, Europe, Africa, and North America. This unique event saw approximately 160 healthcare professionals in attendance, with additional professionals continuing to benefit from the recorded sessions. The organization co-hosted three public forums for the public/patients to engage, educate and increase awareness of RRM. This saw a combined attendance of approximately 100 live attendees, with an additional 1400-plus public/patients accessing recorded content.
page 1
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
Financial review
During the year to 30.06.22 the charity made a surplus of £11,254 (period to 30.06.2021: £8,566).
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The Charity is a charitable incorporated organisation registered on 4th June 2020 with a CIO - Association governing document.
The trustees who served during the year and up to the date of signature of the financial statements were: Dr P Boyle Dr J Stanford Dr K McCarthy Dr P Carpentier Dr L Keenan (Resigned 30 September 2021) Dr T Parnell Dr J Arraztoa Valdivies (Appointed 1 August 2022) Dr. Z Horodenchuk (Appointed 1 August 2022)
Currently Trustees are invited by the Board of Directors (Trustees) from amongst a list of members who have expressed interest in being involved in the organizations' management. When the current founding Board members' terms are complete, we will transition to elections for Trustees.
The Trustees meet once a month virtually or more if needed, the trustees also email/text or call if needed. The Director of Communications and Development is responsible for the daily operations and supervision of contractors, who perform most of the practical aspects such as answering emails and coordinating events/webinars/conferences etc.
The trustees' report was approved by the Board of Trustees.
.............................. Dr P Boyle Trustee
Date: ............................................. May 26, 2023
page 2
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
I report to the trustees on my examination of the financial statements of International Institute for Restorative Reproductive Medicine (the Charity) for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. 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
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road Crawley West Sussex RH10 1HT
Dated: .........................7 June 2023
page 3
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 133 | 37 |
| Charitable activities | 4 | 28,618 | 23,873 |
| Total income | 28,751 | 23,910 | |
| Expenditure on: | |||
| Charitable activities | 5 | 17,497 | 15,344 |
| Net income for the year/ | |||
| Net movement in funds | 11,254 | 8,566 | |
| Fund balances at 1 July 2021 | 8,566 | - | |
| Fund balances at 30 June 2022 | 19,820 | 8,566 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
page 4
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
BALANCE SHEET
AS AT 30 JUNE 2022
| 2022 Notes £ Current assets Cash at bank and in hand 23,780 Creditors: amounts falling due within one year 9 (3,960) Net current assets Income funds Unrestricted funds The financial statements were approved by the Trustees on ......................... .............................. Dr P Boyle Trustee May 26, 2023 |
£ 19,820 19,820 19,820 |
2021 £ 10,546 (1,980) |
£ 8,566 |
|---|---|---|---|
| 8,566 | |||
| 8,566 | |||
page 5
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
Charity information
International Institute for Restorative Reproductive Medicine is a Charitable Incorporated Organisation.
1.1 Reporting period
The CIO was incorporated on 4 June 2020, the trustees extended the previous financial year end to 30 June 2021 rather than 3 June 2021.
1.2 Accounting convention
The financial statements have been prepared in accordance with the Charity's CIO Association model, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.5 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Membership subscriptions are recognised when the Charity is legally entitled to the income.
page 6
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
(Continued)
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
Basic financial assets
Basic financial assets, such as cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 133 | 37 |
page 7
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
4 Charitable activities
| Restorative | Restorative |
|
|---|---|---|
| Reproductive | Reproductive |
|
| Medicine | Medicine | |
| 2022 | 2021 | |
| £ | £ | |
| Membership income | 11,970 | 23,776 |
| AGM and conference income | 16,648 | 97 |
| 28,618 | 23,873 |
5 Charitable activities
| Restorative | Restorative |
|
|---|---|---|
| Reproductive | Reproductive |
|
| Medicine | Medicine | |
| 2022 | 2021 | |
| £ | £ | |
| Donations made | - | 294 |
| Contractor fees | - | 9,568 |
| Office costs | 1,929 | 498 |
| Professional services | - | 733 |
| Marketing | 745 | - |
| Global Summit Costs | 6,748 | - |
| 9,422 | 11,093 | |
| Share of support costs (see note 6) | 6,095 | 2,271 |
| Share of governance costs (see note 6) | 1,980 | 1,980 |
| 17,497 | 15,344 |
page 8
INTERNATIONAL INSTITUTE FOR RESTORATIVE REPRODUCTIVE MEDICINE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
6 Support costs
| Support costs Governance costs £ £ Exchange Losses 3,711 - Bank charges 761 - IT Costs 1,623 - Accountancy - 1,980 6,095 1,980 Analysed between Charitable activities 6,095 1,980 6,095 1,980 |
2022 £ 3,711 761 1,623 1,980 |
|---|---|
| 8,075 | |
| 8,075 | |
| 8,075 |
Governance costs includes payments to the independent examiners of £1,980.
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
The serving board do not pay membership fees.
8 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
9 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Accruals | 3,960 | 1,980 |
10 Related party transactions
There were no disclosable related party transactions during the year.
Medical Professionals or Researchers that prepare and present education or lectures received free membership for 3-6 months.
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