Docusign Envelope ID: B90B8224-2C38-4450-9335-852A3E95C1BF
REGISTERED COMPANY NUMBER: 1191220 (England and Wales) REGISTERED CHARITY NUMBER: 1191220
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2024
for British Elbow & Shoulder Society
Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY
Docusign Envelope ID: B90B8224-2C38-4450-9335-852A3E95C1BF
British Elbow & Shoulder Society
Contents of the Financial Statements for the year ended 31st March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Docusign Envelope ID: B90B8224-2C38-4450-9335-852A3E95C1BF
British Elbow & Shoulder Society
Report of the Trustees for the year ended 31st March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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 trustees are pleased to present their report together with the British Elbow and Shoulder Society's Statement of Financial Activities for the year ended 31 March 2024.
OBJECTIVES AND ACTIVITIES
History aims and activities of the Society
The British Elbow and Shoulder Society ("BESS") was originally established as an unincorporated association on 28 March 1987 with the following aims:
1) To foster and advance the science and practice of elbow and shoulder care through scientific meetings, educational programs and by encouraging research.
2) To organise regular interdisciplinary scientific meetings.
3) To strive to standardise assessment, scoring of disability, and nomenclature relevant to the elbow and shoulder.
4) To improve quality of care by encouraging the national collection of scientific data and functional outcomes.
5) To function as an educational society to further learning through scientific meetings, educational fellowships, and both knowledge-based and skills-based educational courses.
6) To foster research through scientific meetings, fellowships and by encouraging research collaboration between members.
7) To cultivate international relationships in the field of elbow and shoulder care.
The Society became a Charitable Incorporated Organisation ("CIO") on 9 September 2020.
Review of activities and future developments
The Society holds an annual event comprising an instructional course and annual scientific meeting to which all members are entitled to attend. In the financial year under review, the four day instructional course and annual scientific meeting was held at the ICC Wales in Newport on 29-30 June 2023. The instructional course focussed on sports injuries in 2023 and covered such areas as posterior shoulder instability and how to manage, injury prevention, return to sport and rehabilitation of the elbow post injury; when to operate and post op - management.
In June 2024, the instructional course and annual scientific meeting was held at the P&J Live, The Event Complex Aberdeen ("TECA") in Aberdeen and this year the meeting focus was on capsule, tendon and nerve.
The Society has prudently built up significant reserves which were transferred to the CIO on 1 April 2021 and has the intention in the future of providing research grants or other forms of assistance in the furtherance of its aims and objectives. These reserves are shown in the brought forward total funds.
Public benefit
The trustees have taken the Charity Commission's general guidance on public benefit into consideration in preparing their statements on public benefit contained within this Trustees' Report.
The trustees confirm they have complied with their duty in Section 17 of the Charities Act 2011 to have regard to the public benefit guidance published by the Charity Commission for England and Wales
Benefits and beneficiaries
As stated above, in accordance with its charitable objectives, the CIO strives to support education, research and clinical excellence in the speciality of elbow and shoulder surgery. The CIO's ultimate beneficiaries are therefore patients, and benefits to patients are provided through advancing knowledge of, practice in and setting standards for the speciality.
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British Elbow & Shoulder Society
Report of the Trustees for the year ended 31st March 2024
ACHIEVEMENT AND PERFORMANCE
The instructional course and annual scientific meeting
The instructional course and annual scientific meeting is the largest annual educational event that the Society organises and hosts. In June 2023, the event was held at the Wales ICC. Prizes awarded by the Education Committee may be viewed at https://bess.ac.uk/bess2023-presentation-prizes/.
Medical equipment companies attend the medical and trade exhibition which runs in parallel with the annual scientific meeting.
The BESS Elbow Updates Symposium and other events
The BESS Elbow Updates Symposium took place on 14 March 2024 at The Scarman, University of Warwick, and featured orthopaedic and interspeciality faculty from across the UK.
The BESS AHP Roadshow was held on 6 October 2023 at King's Mill Hospital in Nottinghamshire, the programme for which is available to view here: https://bess.ac.uk/bess-ahp-roadshow/#programme
BESS fellowships
BESS is fully committed to education and, as part of this offers several fellowships to assist members in developing their knowledge and skills. The awards are made at the annual meeting and are given on the basis of an interview by members of the Education Committee and Past Presidents of BESS. In total we try to award up to five fellowships each year:
AHP fellowship (split grant depending on the applicants and the scale of projects) Elbow fellowship (Mayo) - one Travelling (Copeland) fellowship - two
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Docusign Envelope ID: B90B8224-2C38-4450-9335-852A3E95C1BF
British Elbow & Shoulder Society
Report of the Trustees for the year ended 31st March 2024
FINANCIAL REVIEW
Introduction
This is the third full year that the Society has operated under its CIO status (it previously operated as an unincorporated association for over 30 years).
Overall, the Society generated a surplus of £64,162 in the year.
By way of comparison, in the year ended 31 March 2023, a surplus of £16,093 was generated.
The increase in the surplus generated year on year was, in part, due to the appointment of a new conference organiser, KC Jones, to manage the conference following an exercise to review conference provision and costs.
Incoming Resources
Total incoming resources for the year ended 31 March 2024 was £423,770
The Society's two principal income streams are membership subscriptions and the surpluses generated from the annual scientific meeting and other meetings:
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Members comprise mainly surgeons, trainee surgeons and allied health professionals all of whom pay different rates.BESS has over 700 members as at 31 March 2024. Membership subscription income (including income which is notionally allocated to the Journal of Shoulder and Elbow a the rate of £54 per journal subscriber)) decreased slightly in 2024 from £182,406 to £175,620 due to the change in the composition of members.
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The return of profits from KC Jones, the conference organiser, relating to the annual scientific meeting (income from delegates attending and from industry exhibitors less conference costs) was £147,697.
Interest income from bank deposits was £13,579 in the year (£1,045 in the year ended 31 March 2023), the increase being due to the higher rates of interest available in in bank savings accounts. The trustees will continue to consider other forms of investment in due course to maximise savings income.
Resources expended
Overall, total resources expended for the year ended 31 March 2024 were £359,608 (£609,273 in the year ended 31 March 2023). The significant difference in expenditure year on year is due to the conference income and costs being accounted for by KC Jones for the 2023 conference year with a "return of profits" being made to BESS following the end of the conference, i.e the surplus of conference income less expenditure.
Irrecoverable VAT
In respect of the irrecoverable VAT charge in the Detailed Statement of Financial Activities, BESS makes both taxable and exempt supplies and is therefore "partially exempt" for VAT. Broadly, VAT on costs related (or ‘attributable’) to taxable supplies such as the annual scientific meeting activity is recoverable, whilst VAT incurred on costs related to exempt supplies (membership subscriptions) is irrecoverable. At the year end an adjustment is required (taking into account all the transactions in the year) to calculate the VAT which is irrecoverable and this is charged as an expense to the statement of financial activities.
Principal funding sources
The CIO therefore receives its funding from members in the form of annual subscriptions and from any surplus generated from running an Annual Scientific Meeting.
Current subscription rates may be viewed on the CIO's website at https://bess.ac.uk
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British Elbow & Shoulder Society
Report of the Trustees for the year ended 31st March 2024
FINANCIAL REVIEW
Investment policy and objectives
The CIO's Constitution states that monies for investment shall be deposited or invested in the name of the CIO by the trustees in any investments permitted by law for the investment of Trust Funds under the Trustee Act 2000 https://www.legislation.gov.uk/ukpga/2000/29/2001-02-01?view=extent&timeline=true
The Trustees may at any time and from time to time vary such investments for others of like nature. We have investments held on varying timeframes to benefit from the best interest rates available. We have sufficient short-term funds available to be realised within a short space of time to meet unforeseen commitments incurred by the CIO, such as legal, other consultancy or professional expenses.
The CIO's historic policy is for the funds to be deposited with a range if institutions so as to obtain best returns from bank interest. We have not engaged an investment adviser to date, although that is something the Trustees are considering.
Available interest rates are compared with others in the marketplace to ensure they are competitive.
Reserves policy
The Trustees regard it as prudent to retain sufficient reserves to cover the costs of the Annual Scientific Meeting plus any future contractual commitments, and in addition covering about six months of operation expenditure under normal circumstances. On this basis, free reserves of at least £450,000 should be maintained.
The Trustees acknowledge that the CIO is holding additional reserves and there are a number of reasons for this as outlined below: - Increased staff costs with the need to professionalise under the new CIO structure and the need to rent occasional office space for the proper functioning of the Society
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The return to face to face meetings of council and committees post Covid-19
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The return of grant awards post Covid-19
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The Covid-19 pandemic has impacted on all Society activities and the CIO needs to continue to maintain the flexibility demonstrated over the past three years to cope with continuing uncertainty.
Fortunately, the levels of reserves that BESS holds, which are for the most part, readily accessible, are such that the Society will be able to continue to operate effectively notwithstanding the current socio-economic uncertainties.
Going concern
The potential for disruption to the CIO from another pandemic, the potential change in government and the cost of living crisis have been considered by the trustees and a review of the finances undertaken accordingly. During 2023/24, the trustees actively reviewed the conference budget on a regular basis to assess any changes in income or expenditure and our financial resilience in the face of further disrupted revenues and activities.
Membership income has remained broadly stable. We have worked hard to provide our members with support, guidance and alternatives to the key benefits from membership, including the Annual Scientific Meeting and to date this has proved successful. A full in person Annual Scientific Meeting was held at the Wales ICC in June 2023 and another full in person Annual Scientific Meeting to be held at P&J Live, TECA in Aberdeen in June 2024.
The trustees are satisfied that the CIO's income and demand for services are broadly stable, and can be delivered in an effective way to meet the needs of the members.
BESS has cash reserves and has no requirement for external funding. The Trustees have a reasonable expectation that the BESS has adequate resources to continue in operational existence for the foreseeable future and, therefore, there are no material uncertainties over the Charity's financial viability. They continue to consider the going concern basis of accounting is appropriate in preparing the annual financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Society is governed by its constitution and constitutes a Charitable Incorporated Organisation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 1191220 (England and Wales)
Registered Charity number
1191220
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British Elbow & Shoulder Society
Report of the Trustees for the year ended 31st March 2024
Registered office
Royal College of Surgeons of Eng 35-43 Lincoln's Inn Fields London WC2A 3PE
Trustees
Mr Stephen Drew President Mr Mark Falworth Vice President (appointed 29.6.23) Professor Jonathan Rees Immediate Past President Mr Vijay Bhalaik Honorary Treasurer Mr Paul Jenkins Past Treasurer Mr Adam Watts Honorary Secretary Mr Jaime Candal-Couto Honorary Secretary (resigned 29.6.24) Mr Amol Tambe (appointed 27.6.24) Mr Harvinder Singh Communications and Digital Officer (appointed 29.6.23) Mr Ananth Ebinesan Data and Audit Officer (appointed 29.6.23) Ms Helen Tunnicliffe (appointed 27.6.24) Mr Joideep Phadnis (appointed 27.6.24) Mr Steve Gwilym Research Committee Chairman Miss Joanna Winton Early Career AHP Representative Miss Aparna Viswanath Early Career Surgeon Representative Mr Nashat Siddiqui Equality, Diversity and Inclusion Lead Mr Ian Horsley AHP Representative
Independent Examiner
Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY
COMMENCEMENT OF ACTIVITIES
The application from the British Elbow and Shoulder Society to the Charity Commission to become a Charitable Incorporated Organisation (CIO) was approved with the Charity Commission on 9 September 2020.
Due to issues relating to the ongoing Covid-19 pandemic at that time, the Society was unable to obtain a working current bank account with its banker of 30 years, NatWest plc, until April 2021 and therefore continued to operate via its former structure, as an unincorporated association, until 31 March 2021. This accounting period ending 31 March 2024 therefore represents the third full year of operating as a CIO and the second financial year post Covid where a full in person annual scientific meeting was held.
The CIO became registered for VAT on 1 April 2021.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. Mr Stephen Drew - Trustee
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Independent Examiner's Report to the Trustees of British Elbow & Shoulder Society
Independent examiner's report to the trustees of British Elbow & Shoulder Society ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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 matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Hills BSc (Hons), FCA The Institute of Chartered Accountants in England and Wales
Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY
Date: .............................................
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British Elbow & Shoulder Society
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31st March 2024
| 2024 Unrestricted fund Notes £ INCOME FROM MEMBERS FROM Income from Members 175,620 Income from Annual Scientific Meeting and Elbow Update Symposium 2 200,418 Investment income 3 13,579 Other income 34,153 Total 423,770 EXPENDITURE ON Educational meeting expenses BESS conference and EUS 81,653 Other 277,955 Total 359,608 NET INCOME 64,162 RECONCILIATION OF FUNDS Total funds brought forward 735,806 TOTAL FUNDS CARRIED FORWARD 799,968 |
2023 Total funds £ 182,406 412,530 1,045 29,385 625,366 337,347 271,926 609,273 16,093 719,713 735,806 |
|---|---|
The notes form part of these financial statements
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British Elbow & Shoulder Society
Balance Sheet 31st March 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 721 CURRENT ASSETS Debtors 9 36,356 Cash at bank 790,575 826,931 CREDITORS Amounts falling due within one year 10 (44,289) NET CURRENT ASSETS 782,642 TOTAL ASSETS LESS CURRENT LIABILITIES 783,363 ACCRUALS AND DEFERRED INCOME 12 16,605 NET ASSETS 799,968 FUNDS 13 Unrestricted funds 799,968 TOTAL FUNDS 799,968 |
2023 Total funds £ 503 71,543 703,046 774,589 (13,286) 761,303 761,806 (26,000) 735,806 735,806 735,806 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
14-Oct-2024
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr Stephen Drew - Trustee
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.............................................
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............................................. Mr Vijay Bhalaik - Trustee
The notes form part of these financial statements
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British Elbow & Shoulder Society
Notes to the Financial Statements for the year ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 20% reducing balance
Taxation
No corporation tax liability arises on ordinary membership activity and primary purpose trading.
Fund accounting
The Society is not in receipt of any donations or legacies which need to be operated as separate funds.
Income comprises subscriptions received from members or generated from the running of an annual conference (the Annual Scientific Meeting) and is set towards the general objectives of the Society and as such is unrestricted.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. INCOME FROM ANNUAL SCIENTIFIC MEETING AND ELBOW UPDATE SYMPOSIUM
| Conference Income - delegates Conference income - industry Return of profits from annual scientific meeting Elbow update symposium AHP roadshow |
2024 £ 542 - 147,697 50,125 2,054 200,418 |
2023 £ 155,605 256,925 - - - 412,530 |
|---|---|---|
continued...
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British Elbow & Shoulder Society
Notes to the Financial Statements - continued for the year ended 31st March 2024
3. INVESTMENT INCOME
| Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 13,579 2024 £ 181 |
2023 £ 1,045 2023 £ 167 |
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4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
Trustees' travel and subsistence expenses were paid in accordance with the Society's expense policy.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| BESS Office No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME FROM MEMBERS FROM Income from Members Income from Annual Scientific Meeting and Elbow Update Symposium Investment income Other income Total EXPENDITURE ON Educational meeting expenses BESS conference and EUS Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
2024 2023 1 1 Unrestricted fund £ 182,406 412,530 1,045 29,385 625,366 337,347 271,926 609,273 16,093 719,713 |
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continued...
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British Elbow & Shoulder Society
Notes to the Financial Statements - continued for the year ended 31st March 2024
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1st April 2023 Additions At 31st March 2024 DEPRECIATION At 1st April 2023 Charge for year At 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Accruals Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) Trade creditors Social security and other taxes VAT Other creditors |
Unrestricted fund £ 735,806 Computer equipment £ 838 399 1,237 335 181 516 721 503 2024 2023 £ £ 60,189 39,344 - 11,366 (23,833) - - 20,833 36,356 71,543 2024 2023 £ £ 210 210 28,551 12,940 220 - 15,172 - 136 136 44,289 13,286 |
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continued...
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British Elbow & Shoulder Society
Notes to the Financial Statements - continued for the year ended 31st March 2024
11. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 12. ACCRUALS AND DEFERRED INCOME Accruals and deferred income 13. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
2024 2023 £ £ 210 210 2024 2023 £ £ (16,605) 26,000 Net movement At At 1.4.23 in funds 31.3.24 £ £ £ 735,806 64,162 799,968 735,806 64,162 799,968 Incoming Resources Movement resources expended in funds £ £ £ 423,770 (359,608) 64,162 423,770 (359,608) 64,162 Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 719,713 16,093 735,806 719,713 16,093 735,806 Incoming Resources Movement resources expended in funds £ £ £ 625,366 (609,273) 16,093 625,366 (609,273) 16,093 |
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continued...
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British Elbow & Shoulder Society
Notes to the Financial Statements - continued for the year ended 31st March 2024
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.4.22 in funds £ £ 719,713 80,255 719,713 80,255 |
At 31.3.24 £ 799,968 799,968 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,049,136 TOTAL FUNDS 1,049,136 |
Resources Movement expended in funds £ £ (968,881) 80,255 (968,881) 80,255 |
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14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2024.
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British Elbow & Shoulder Society
Detailed Statement of Financial Activities for the year ended 31st March 2024
| INCOME FROM MEMBERS Income from Members Subscriptions from members Journal of Shoulder and Elbow allocation from subscriptions Income from Annual Scientific Meeting and Elbow Update Symposium Conference Income - delegates Conference income - industry Return of profits from annual scientific meeting Elbow update symposium AHP roadshow Investment income Deposit account interest Other income Royalty income (journal) Total incoming resources EXPENDITURE Educational meeting expenses Conference expenses Elbow update symposium expense AHP Roadshow Other Awards and Fellowships granted Copeland Fellowship Support costs Management Wages Pensions Office Expenses Insurance Telephone Meeting Expenses Travel & Subsistence Finance Bank charges Carried forward |
2024 £ 143,220 32,400 175,620 542 - 147,697 50,125 2,054 200,418 13,579 34,153 423,770 44,899 36,030 724 81,653 18,245 17,109 35,354 11,491 545 68,487 1,800 356 4,804 4,019 91,502 1,468 1,468 |
2023 £ 136,805 45,601 182,406 155,605 256,925 - - - 412,530 1,045 29,385 625,366 321,868 15,479 - 337,347 6,494 - 6,494 14,630 780 66,615 4,409 75 8,966 4,893 100,368 3,099 3,099 |
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This page does not form part of the statutory financial statements
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British Elbow & Shoulder Society
| Detailed Statement of Financial Activities for the year ended 31st March 2024 Finance Brought forward Disallowed VAT Computer equipment Bank interest Information technology Postage and stationery IT running costs Journal Expenses BESS Journal Editorial fees BESS Journal Expenses American Journal Costs Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 1,468 30,173 180 - 31,821 37 17,090 17,127 25,875 26,000 29,952 81,827 20,324 359,608 64,162 |
2023 £ 3,099 49,885 168 18 53,170 105 12,975 13,080 19,500 26,000 30,261 75,761 23,053 609,273 16,093 |
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This page does not form part of the statutory financial statements
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