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2025-03-31-accounts

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

REGISTERED COMPANY NUMBER: CE022999 (England and Wales) REGISTERED CHARITY NUMBER: 1191220

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025

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: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Contents of the Financial Statements for the year ended 31 March 2025

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: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Report of the Trustees for the year ended 31 March 2025

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 31 March 2025. 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 2025.

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 three day instructional course and annual scientific meeting was held at the P&J Live, The Event Complex Aberdeen ("TECA") in Aberdeen on 19-21 June 2024. The instructional course focussed on soft tissue conditions and neurological disorders around the shoulder and elbow.

In June 2025, the instructional course and annual scientific meeting was held at Brighton Conference Centre, in Brighton and this year the meeting focus was on arthritis.

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.

Page 1

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT Achievements 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 2024, the event was held at the P&J Live conference centre in Aberdeen. Prizes awarded by the Education Committee may be viewed at https://bess.ac.uk/bess2023-presentation-prizes/ under the relevant year drop down menu.

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 is scheduled every two years and the next one is planned for the 12-13 March 2026 at Sandy Park in Exeter and will feature orthopaedic and interspeciality faculty from across the UK.

The BESS AHP Roadshow was held on 26 September 2025 at Fort Nelson in Portsmouth, the programme for which is available to view here: https://bess.ac.uk/bess-ahp-roadshow/

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

Page 2

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT Financial review

Introduction

This is the fourth 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 £15,030 in the year.

By way of comparison, in the year ended 31 March 2024, a surplus of £64,162 was generated.

The decrease in the surplus generated year on year was, in part, due to the distance of the venue for many members which resulted in slightly lower than normal annual meeting attendance.

Incoming Resources

Total incoming resources for the year ended 31 March 2025 was £326,740 (2024: £423,770).

The Society's two principal income streams are membership subscriptions and the surpluses generated from the annual scientific meeting and other meetings:

Interest income from bank deposits was £12,842 in the year (£13,579 in the year ended 31 March 2024), the decrease being due to the lower rates of interest available 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 2025 were £311,710 (£359,608 in the year ended 31 March 2024). Savings were made following the loss of a second member of staff and a reduction in the disallowed VAT amount.

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 the Annual Scientific Meeting.

Current membership subscription rates may be viewed on the CIO's website at https://bess.ac.uk

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Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

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 of 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

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 2024/25, the trustees, via the Finance committee, 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 P&J Live, TECA in Aberdeen in June 2024 and, since the year end, a further in person meeting was held in June 2025 in Brighton.

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 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

CE022999 (England and Wales)

Registered Charity number

1191220

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Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Report of the Trustees for the year ended 31 March 2025

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 Professor Jonathan Rees Immediate Past President Mr Vijay Bhalaik Honorary Treasurer Mr Paul Jenkins Past Treasurer Mr Adam Watts Education Committee Chair (resigned 27.6.24) Mr Jaime Candal-Couto Honorary Secretary (resigned 27.6.24) Mr Amol Tambe Education Committee Chair (appointed 27.6.24) Mr Harvinder Singh Communications and Digital Officer Mr Ananth Ebinesan Data and Audit Officer Ms Helen Tunnicliffe AHP Representative (appointed 27.6.24) Mr Joideep Phadnis Research Committee Chair (appointed 27.6.24) Mr Steve Gwilym Research Comittee Chair (resigned 27.6.24) 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 (resigned 27.6.24)

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 2025 therefore represents the fourth full year of operating as a CIO and the third financial year post Covid where a full in person annual scientific meeting has been 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.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 7 November 2025 and signed on the board's behalf by:

Mr Stephen Drew - Trustee

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Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

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 31 March 2025.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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

  3. 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

7 November 2025

Page 6

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2025

2025 2024
Unrestricted
fund Total funds
Notes £ £
INCOME FROM MEMBERS FROM
Income from Members 170,209 175,620
Income from Annual Scientific Meeting and Elbow
Update Symposium 2 111,954 200,418
Investment income 3 12,842 13,579
Other income 31,735 34,153
Total 326,740 423,770
EXPENDITURE ON
Educational meeting expenses
BESS conference and EUS 37,838 81,653
Other 273,872 277,955
Total 311,710 359,608
NET INCOME 15,030 64,162
RECONCILIATION OF FUNDS
Total funds brought forward 799,968 735,806
TOTAL FUNDS CARRIED FORWARD 814,998 799,968

The notes form part of these financial statements

Page 7

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Balance Sheet 31 March 2025

2025 2024
Unrestricted
fund Total funds
Notes £ £
FIXED ASSETS
Tangible assets 8 577 721
CURRENT ASSETS
Debtors 9 43,925 36,356
Cash at bank 772,363 790,575
816,288 826,931
CREDITORS
Amounts falling due within one year 10 (1,867) (44,289)
NET CURRENT ASSETS 814,421 782,642
TOTAL ASSETS LESS CURRENT LIABILITIES 814,998 783,363
ACCRUALS AND DEFERRED INCOME 12 - 16,605
NET ASSETS 814,998 799,968
FUNDS 13
Unrestricted funds 814,998 799,968
TOTAL FUNDS 814,998 799,968

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements were approved by the Board of Trustees and authorised for issue on 7 November 2025 and were signed on its behalf by:

Mr Stephen Drew - Trustee

Mr Vijay Bhalaik - Trustee

The notes form part of these financial statements

Page 8

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Notes to the Financial Statements for the year ended 31 March 2025

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':

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
Return of profits from annual scientific meeting
Elbow update symposium
AHP roadshow		 2025
£
-
106,404
-
5,550
111,954		 2024
£
542
147,697
50,125
2,054
200,418

continued...

Page 9

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Notes to the Financial Statements - continued for the year ended 31 March 2025

3. INVESTMENT INCOME

Deposit account interest
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2025
£
12,842
2025
£
144		 2024
£
13,579
2024
£
181

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

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		 2025
2024
1
1
Unrestricted
fund
£
175,620
200,418
13,579
34,153
423,770
81,653
277,955
359,608
64,162
735,806

continued...

Page 10

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Notes to the Financial Statements - continued for the year ended 31 March 2025

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
COST
At 1 April 2024 and 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
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
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts		 Unrestricted
fund
£
799,968
Computer
equipment
£
1,237
516
144
660
577
721
2025
2024
£
£
41,731
60,189
18,711
-
(33,492)
(23,833)
16,975
-
43,925
36,356
2025
2024
£
£
-
210
1,511
28,551
220
220
-
15,172
136
136
1,867
44,289
2025
2024
£
£
-
210

continued...

Page 11

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Notes to the Financial Statements - continued for the year ended 31 March 2025

12. ACCRUALS AND DEFERRED INCOME

12. ACCRUALS AND DEFERRED INCOME
2025 2024
£ £
Accruals and deferred income - (16,605)
13. MOVEMENT IN FUNDS
Net
movement
At 1.4.24 in funds At 31.3.25
£ £ £
Unrestricted funds
General fund 799,968 15,030 814,998
TOTAL FUNDS 799,968 15,030 814,998
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 326,740 (311,710) 15,030
TOTAL FUNDS 326,740 (311,710) 15,030
Comparatives for movement in funds
Net
movement
At 1.4.23 in funds At 31.3.24
£ £ £
Unrestricted funds
General fund 735,806 64,162 799,968
TOTAL FUNDS 735,806 64,162 799,968
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 423,770 (359,608) 64,162
TOTAL FUNDS 423,770 (359,608) 64,162

continued...

Page 12

Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Notes to the Financial Statements - continued for the year ended 31 March 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.4.23 in funds At 31.3.25
£ £ £
Unrestricted funds
General fund 735,806 79,192 814,998
TOTAL FUNDS 735,806 79,192 814,998

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 750,510 (671,318) 79,192
TOTAL FUNDS 750,510 (671,318) 79,192

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

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Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Detailed Statement of Financial Activities for the year ended 31 March 2025

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
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
Disallowed VAT
Carried forward		 2025
£
142,609
27,600
170,209
-
106,404
-
5,550
111,954
12,842
31,735
326,740
32,790
(740)
5,462
37,512
26,508
24,578
51,086
-
-
70,166
4,595
408
6,665
12,456
94,290
901
8,084
8,985		 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
30,173
31,641

This page does not form part of the statutory financial statements

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Docusign Envelope ID: C4B4746C-C637-486A-9D49-4144A633369C

British Elbow & Shoulder Society

Detailed Statement of Financial Activities
for the year ended 31 March 2025
Finance
Brought forward
Computer equipment
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		 2025
£
8,985
144
9,129
-
17,158
17,158
31,290
26,000
25,053
82,343
20,192
311,710
15,030		 2024
£
31,641
180
31,821
37
17,090
17,127
25,875
26,000
29,952
81,827
20,324
359,608
64,162

This page does not form part of the statutory financial statements

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