tharfty Number. 1194851 THE SPINE FOUNDATION UNAUDITED TRilSfEES' REPORT AND FINANCIAL sfATEMEP FOR THE YEAR ENDED 31 DECEMBER 2022
THE SPINE FOUNDATION Page Legal and admlnlstrdtfve detslls Truslees, report 2-8 Independent examlnerfs report io Ststement of flnanclal actlvltles li 8alance sheet 12 Notes to the fin¥nclal rtatements 13-17
THE SPINE FOUNDATION IEGAL AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees Dr Vlvek Mehts Dr Kavlta Poply Pra5hant Brijmohansingh Dr Rlchard Mark Lan8ford Raghav Mehta Charlty reglstered number 1194851 Re81stered address 20 Hlllcrest Road Loughton IG104QQ Independent Examlners Sterflny Ltd Lawford House Albert Place London N3 IQA Banker5 Metro Bank One Southampton Row London WCIB SHA
THE SPINE FOUt4DATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees are pleased to present their annual Trustees, Report together with the financial statements of The Spine Foundatlon for the year I january 2022 to 31 December 2022. The financial statement5 Comp wbth the Charltle5 Art 2011. the Trust Deed. and Actountlng and Reportin8 Charlties.. Statement of Recommended Practice applicable to charities preparing their account5 Iri accordance wlth Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffectlve l January 20191. Oblectlv¢$ •nd Artlvltles Constltutlon •nd obl•<ts The foundatlonls a charitsble company lImed by guarantee. Itls entered on the Central AegSster of Charit5es under number 1194851. The 8overnSn8 Instrument Is the Trust Deed dated 18 June 2021. The oblètts of thè eharlty are.. The charlty aim5 to promote educatlon In field of back pain to allow the health care professlona15 to galn competencie5 to manage these conditions. We especially aim to promote education In neuromodulation to deliver standards in training acros5 the world. This is done by creating a bursary scheme for candidates acro55 the world who are keen to develop thelr education with neuromodulatlon. The Charity supports 2 educatlonal programs In neuromodulatlon. I. Executlve Educatlon Pro¢rnm Sn Neuromodulatlon IEEPIN) Clty St Georyes, Urt11$1ty of London EEPIN Is a unlversity-based certificate course, the flrst step towards a neuromodulatlon career. This foundatlon pro8ram desl8ned for "Team Neuromodulatlon" Is delivered onllne and can also be viewed asynchronously on City university 'Media Space" platfom, Jllowing exceptional flexibility and access worldwlde. EEPIN underpin5 Standardlzed, unblased educatlon under strict unlverslty governance to protect and promote the safe practlces In the speclallty. The candidate experiences live online teaching se$sn$, video lertures, Interartive activities and case- based discu5slons from the International faculty whilst recebving personal support from a dedicated "Learning Team" based at City Univer5f(v and Barts Neuromodulation Centre. Structure The 2 -day online program, spreading over I week, draws expertlse from Key Oplnion Leaders IKOLS). displaylng reciprocated didactlc lectures wlth clinlcal dlsCUSslons and case studies. Progran7 schedule- Monday, Tuesday 10..00-17-00 pm IGMTI 2nd week of June
THE SPINE FOUNDATION TRUSTEES, REPORT {contlnuedl FOR THE YEAR ENDED 31 DECEMBER 2022 The program aimsto prepare candidotes with the fundamentalsof neuromodulatlon assessed vl) multlple cholce questlons leadlng towards a certificate from the City Unlversltyi London. Learnlng Oblectlves of the program The programme aims to cover the following key topics on the fundamentals of neuromodulatlon with the potentlal to incorporate further novel advancement5 in the fiehl.. Indications of neuromodulation- current and emerglng Physics of waveform and implicatiOT15 in neuromodulatlorb Patlent selectlon and Multld15clpllnary IMDn approach Procedural skllls includlng vlde05 for SCS, ORG, ONS, PN5 and DBS Mechanlsm of actlon of current waveforms and their evidence In clinlcal practlce Current neuromodulatlon devices and avallable technology Peripheral nerve stimulation and Indicatlons Non-lnvaslve neuromodulatlon Headache and neuromodulation Deep brain stlmulatlon and indications RèdlofrequenLy evldence and emerglng Indlcatlons Intrathecal drug dellvery therapy and Its indlcatlons How to set up a neuromodulatlon servSce How to Implement best cllnlcal practice based on evidence Managing confllct of Interest withSn neuromodulatlon Industry Who Is thls prlaM for7 Thls program is aimed for 'Team neuromodulatlon" comprlslng Physicians, Clinical Nurse Specialists, Physlotheraplsts, Industry Repre5entatlves, Field Clinical Engineers and Allled Health Profe55ionals. Essentially, a candidate who would like to be part of the neuromodulatlon team: seeking a fomial career in neuromodulation with university certiflcation. Recommended ellglblllty: Dortors: Experience in Pain medicine. Neur05urgery, Spinal 5ur8ery, or Neuromodulation Nurses. Physlotheraplst, Allled healthcare professlonals, Industry representatlvès and Fleld Clinical Engineer5 in neuromodulation: Undergraduate degree and statement of purpose with abllity to demonstrate interest in neuromodulation 2. Post Graduate Certificate (PG Certl in Neuromodulation and Paln Manag¢men¢ Queen Mary Un5verslty of London
THE SPINE FOUNDATION TRUSTEES, REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 Prryramme over¥lew PG Cert in Neuromodulation arnl Paln management, Queen Mary Unlverslty London, Is a unfver55ty based. unlque, fully onllne accredltstlon throu8h one academlc year on part tlme ba51s. The certlflcatlon offers a total of 60 credlts, 4 x 15 credlts each module. The modular nature of the program Is deslgned to provlde structured knowledge, rangln8 from ba51 science to cllnlcal appllcatlon In Ilne wlth best available evldence. The certlfl¢atlon15 de558ne(I for Doctors. ainlcal Nurse speclallsts and Fleld Clinlcal En8lneers wlth clinical and academic aspirations. The onllne modular programme Is de51gned to fit around one's professlonal commltments. The qualification is served In one academ5c year through part-tlme study wlth both synchronous and asynchronous learn5ng. Structure The modular nature of the pro8ramme180 hours of dldactlc teachin8115 desi8ned to flt wlthin the need5 of candldates In full-tlme employment. The candldate will recelve the taught element of the modules In three4ay blocks. Two modules per semester wlth each module beln8 approximately four to slx week5 apart. Semester I modules: Module I (October): Anatomy, Pathophyslology, Physlcs, Waveforms Includlng emerglng technology and Imaglng relevant to neuromodulation Module 21Novemberl: Patient care. Indlcatlons, Procedural skills, Perioperative Complicatlon5 and Troubleshooting Semester 2 modules: Module 3 {Februaryl: Devlces and avallable tethnology- Current evldence and rationale selection Module 4 (March): Deep braln stimulationllntra thecal pumpl cancer pa5n management, Peripheral stimulation & Miscellaneous
THE SPINE FOUNDATION TRUSTEES, REPORT {wntlnuedl FOR THEYEAR ENDED 31 DECEMBER 2022 Assessment The candidates are assessed on submitted wrltten assignments 25 word5 for each module with 50% pass marks. A dedicated onllne mentorship session will be provided halfway through the module submlsslon to assist through the assl8nment preparatlon. Who Is thls proirarn lor? Thls program Is almed for Physlclans, Clinical Nurse Speclallst5 and Fleld Cllnlcal EIneerS who ère seeklng fomial career In neuromodulatSon wlth univer51ty qualbficatlon. Recommended ehslblllty ¢rlteTI• Doctors: Experience In Paln medlclne, Neurosurgery, Spinal surgery or Neummodulation alnlcal Nurse Sp•clallsts In n•uromodulatlon: Under8raduate degree and statement of purpose wlth ablllty to demonstrate slgnlficant interest and career 85plrhtlon In neuromodulatlon Our pjrtners The charlty has been workln8 In close contact wlth major Industry partners in neuro modulation who a committed to support educatlon for physlclan5. nurses and fleld cllnlcal englneers to ensure standards of educatlon In the fleld. The key partners who SUPF)Orted the Smltative by donating unrestricted educatlon Brants are.. Abbott Medtronlc Boston Sclentlflc Saluda Mainstay Medlcal Neuromodulation Education Women In Neuromodulatlon Trurtees The Tru5tee5 who have served durin8 the period and Since the perlod end are set out on page l.
THE SPINE FOUNDATION TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2022 GrJnt Maklni polkv Thè Spine Foundatlon has estsb115hed Its grant maklng policy to achieve it5 objects for the publlc benefit. The FoundatSon's aim is to Improve educatlon In neuromodulation by glvlng the Kh)wer of educatlon to physiclans. nurse5 and fieltl dlnlcol en8lneers SO they can benefit the pattent. The beneflclarles of our Brant maklng programme are ultimately the paln suffer5 and those at rlsk of developln8 Intractable neuropathlc paln In thè future. Knowledge and education in neurornodulatlon a150 have the potentlal to relieve the huge burden of care often faced by the famllles of sufferers. Our search and educational programmes fund doctors. nurses and field clinical englneers who use these funds In thelr work to enhance treatment care for sufferer5 from Intrortable neuropathlc paln and related condltlons. Any prlvate beneflt recelved by physlclans. Instltutlons nd healthcare bodies Is purely Incldental to the objects of our work. The Splne Foundatlon Invltes applicatlons for bursary grants from candldate5 by advertlslng In the speciallst pSs, Journa15 and educational meetlngs. Ell8lblllty15 re5trl¢ted to appllcants havlng an expertlse Sn the field to ensure hlgh quallty suItS. Applicants subrnlt a summary of their proposals to the trustee5 In a 5pecSflc format, includin8 thelr CV and statement of purpose. The applicatlon5 are revlewed by the trustee board a8ainst a criterlon established by our charlty oblectlves. During the year the Trustee5 have applied thelr funds in accordance wlth the oblects clause of the Trust Deed. They have made grant5 of £58,73012021- NIII. Publlc Benefit We have referred to ttrte guidance contalned In the Charlty Commlssion's general guldance on publlc beneflt when reviewing our aims and oblectlves and in planning our future activiiles. In particular, the Trustees consider how such planned actlvltles wlll contribute to the alms and obJettlves of the Spine Foundatlon. Flnanclal revlew The income of the foundatlon durlng the year has come from the charftable donatlon. The surplus for the year amounted to £30,89012021- Nill.
THE SPINE FOUNDATION TRUSTEES. REPORT (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 R•serv•5 pollry Followlng the Inltla1 Inlectlon of malor fund5, the Trust reserve will be malntained in order to generate future income which will be avallable for distribution by grants each year. The accumulated reseNe5 at the end of the year amounted to £30,89012021- NIII. Al man•i•m•nt The Trustee5 have conducted a revlew of the major r15ks to whlch the charlty Is exposed. Future plans The Splne FoundJtlon Is now proposlng to fund 2.year cllnlcal fellowshlps In neuromodulatlon In 0550clatlon wlth Barts Neuromodulatlon Centre, St BartholOmeS H05pltal London and Medlcal Tralnlng Inltlatlve Scheme, Faculty of Pain Medicine and Royal College of Anaesthesla, UK. Plans are to create a vlsitln8 fellow5hlp speclflcally for the developlng world that wlll allow the candldate5 to Baln hands-on experience In neuromodulation by lolnlng the affiliated centre5. Thls wlll provlde un5urpa55ed professlonal development opportunitie5 to the candldate enabllng Investment in a range of new initiatlves that would enable personal development and sklll mlx. The candldates wlll be provlded a Vlsltlng Fellow5hlp Certlficate, followlng successful fellowship program.
THE SP114E FOUNDATIOPI TRUSTEES, REPORT Icontknu•d) FOR THE YEAR ENDED 31 DECEMBER 2022 Tru$tees' respansiblitles st*ement The Trustees are re5pon5ible for preparing the Tru5tees' Report and the financial statements In accordance wlth applicable law and Unlted Kirodom Accountlng Stsndards (Unfted KId0M Generally Accepted Accountln8 Practice). The law appllcable to charltle5 In England and Walès requlres the Trustees lo prepare flnanclal statements for each financlal year. which 8lve a true Ind fair vlew of the state of affalrs of the charlty and of the Incoming resources and applkation of resourtes. Includln8 the InEome and expendlture, of the chaTIty fof that perlod. In preparin8 these financlal statements, the Trustees are qUIred to". Selert 5ultJble account1 pollcles and then applythem conslstentbv: Observe the methods and prlnclple5 In the Charltles SORP; Make lud8ements and occountinE estimates that are reasonable and prudent; State whether appllcable accountln8 Standards have been followed, 5ubJert to any materlal departure5 that must be dlsclosed and explalned In the flnanual statements. and Prepare thè flnJnclal statèments on the Boln8 concern basls unless It Is In•pproprlate to presume Ihat the charlty wlll contlnue in operation. The Trustee5 are Tesponslble for keepin8 adequate accountlng record5 that are $ufflcient to show and explaln the tharltys transactlon5 and disclose wlth reasonable accuracy atany time the financial posltlonof the charlty and enable them to ensure that the flnancial Staterner comply with the CharTtie5 Art 2011. They are also responsible for safe8uardlr6 the assets of the eharlty and hence fortakin8 reasonab5e step5 forthe preventlon and detection of fraud and other irregularltie& Thls pOrt was approved by the Trustees oft and slgned on their behalf ty.. Dr Vl¥ek Mehta Chalrman and Trustee
THE SPINE FOUNDATION INDEPEP4DENT EXAMINEW5 REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Independ•nt •Kamlnerfs report to the Trustees of The Spin• Foundatlon. We report to the Trustees on our examination ofthe financial statements of The Spine Foundation forthe year ended 31 December 2022 whlch comprise the Statement of Financial Artivitie5, the Balance Sheet and related notes set out on pages 13 to 17. This report is made solely to the charltvs Trustees, as a bodyi In accordance wlth sectlon 145 of the Charhles Act 2011. Our work has been undertaken so that we mlght state to the charitV5 Trustees those matters we are requlred to rtate to them In this report and for no other purpose. To the fullest extent pemiltted by law. we do not accept or assume respDnsibility to anyone other than the charity and the charitvs Trustees as body, for our wort for thls report, or for the opinions we have formed. Respan51bllltles Ind basls of report As the Tmstees of the charltable company you are responsible for the preparation of the financial statements In accordance wlth the requlrements of the Charitles Att 2011 (the 2011 ktl. Havlng satSsfied ourselve5 that the financial statements of the charltable trust are not required to be audlted under the Art and are ell8lble for Independent examlnatlon, we report In respect of our examlnation of the charitable trusvs financial statements carried out under sectlon 145 of the Charltles Act 2011 Ithe 2011 Act) and In carryln8 Qut our examlnatlon we have followed all the applicable direction5 glven by the Charity Commlsslon under 5ettion 14515llb} of the 2011 Act. An Independent examination does not Involve gatherlng all the evidence that would be required in an audit and consequently does not cover all the matters that an avdltor conslder5 In glvlng thelr oplnlon on the rinancial 5tatemEnts. The planning and conduct of an audit go beyond the limlted a55urance that an Independent examlnatlon can provlde. Consequently we express no opinion a5 to whether the financial statements present a 'tnJe and fail, view and our port is limited to those specitic matter5 Set out in the Independent èxaminerfs statement. Independènt examlnerfs 5tatsm•nl We have completed our examinatlon. We confirm that no material matters have cume to our attentlon in connettion with the examination. giving us cause to believe that in any material respect- Accounting records were not kept In respect of the charitable trust as required by 5ettion 130 of the 2011 Act,- or the flnanclal statements do not accord with those recor¢Js- or the financial statements do not comply with the accounting reqU1MentS set out in the charities (Accounts and Reports) Regulations 2008, other than any requirernent that the financial statements give a 'true and Pdirvlew, which is not a matter considered as part of an independent examlnation,. or
THE SPINE FOUNDATION INDEPENDENT EXAMINER'S REPORT (¢ontlDued) FOR THE YEAR ENDED 31 DECEMBER 2022 the finantlal staternents havè not bèèn prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practice for accounting and reporting by charitie5 appllcable to charltles preparlnB thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcoble In the UK and Republlc of Ireland IFRS 1021. We have no concerns and havè come across no other matter5 In connectlon wlth the examination to whlch attentlon should be drawn In thls report in order to enable a proper underslanding of the flnancial statements to be reached. Gary Moss FCA1S•nlor5tstutoryAudltor) For Jnd on behJlf of Sterllny Itd Chart•r•d Actountar Stltutory Audltor Lawford Hous• Albert Pla£• London N3 IQA Dated: -io-
THE SPINE FOUNDATION STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrfrt•d Funds 2022 Unrestrfrted Fur•ds 2021 Not• Income from: Donattons recelved 115,(XYJ Total income I15.)0 EXpendIre on: Charitable activities Grants payable Costs of generatln8 fund5 Management costs Governance 158,7301 122,4941 12,8861 Totsl expenditure 184,1101 Net Sncomellexpendlturej belor• other r•co8nlsed ialns and losses 30,890 Total funds carrfed forward 30,890 ThE note50n 13 10 17 forrn partofthese flnanclal 5talernents. -li-
THE SPINE FOUP4DA710N BALANCE 5HEEr FOR ThE YEAR ENDED 31 DECEMBER2022 2021 Current •u•t* Debtars Cash itb•nk artd in hand 3,110 29,760 32170 Crtdltofs: •mounts l•Uld whhln •ft• y••r 1¥9801 30,890 3D,8go Ch•rSty fvftdj Unrestrfcted r#I5 30Ag0 Total fundi 30.8 Th• flnanciil statemefitswere approved bythe trustees on and stgned on thelr behalf by.. Dr VITAk-Mehta Chalnnan artd Ttust•• ThEnotesoDpI13to 171uYmprtofthEwflNnda stat•rMnts. -12-
THE SPINE FOUNDATION NOTES TO THÉ FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 DECEMBER 2022 l. Accountln8 pollcles 1.1 Ba515 of preparatlon of flnanclal statements The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.' Statement of recommended Practlce appllcable to charlties preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Irelan(i IFR51021 (effective l January 20191155ued by the Charlty Commisslon - (Charlties SORP IFRS1021, the Flnanclal Reporting Standard applicable In the UK and Republic of Ireland IFR5102} and the Charities Act 2011. The Spine Foundation constitutes a publlc benefit entlty as defined by FRS102. The financlal statements are prepared under the historical cost convention. The finan¢lal statements are presented in pounds sterling, whlch Is also the functional currency of the trust. Rounding of mount5 shown in the financial statements Is to nearest pound. 1.2 Reconciliation with previous Generally Accepted Accounting Practice In preparing these accounts, the Trustees have consldered whether in applying the accountin8 policies required by FR5102 and the Charltles SORP IFRS1021 the restatement of comparative items was required. No restatement5 were required. 1.3 Going concern The Trustees consider that there are no materlal uncertaintles about the Trusys ability to continue as a going concern. With respect to the next reporting period, the most Sl8nificant areas of uncertaSnty that affect the carrying value of assets held by the Trust are the level of investment returns and the performance of investment markets. 1.4 Fund accountlng General fun(is are unrestrlcted funds which are available for use at the direction of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Unrealised gains and losses on investments are shown in the heading 'GainllLossl on revaluation of listed investments, in the Statement of Finar)cial Activities. 1.5 Incoming resources All income is recognised once the charity has entitlement to the income. it is probable that the income will be received, and the amount of income receivable can be measured reliably. Investment income, donations and other incoming resources a recognised on a receivable basis. -13-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 1.6 Expenditure Expendlture Is reco8nised once there is a leBal or constructive obligation to transfer economic benefit to a third party, it is probable that a tron5fer of economic benefits will be required In settlement and the amount of the obligation can be measured rellably. Expenditure Is classified by activity. The costs of each activity are made vp of the total of direct costs and shared costs, including 5UPPOrt costs involved in undertaking each actlvity. Direct costs attributable to a single activity are allocated directly to that actNlty. Shared costs whlch contrlbute to more than one activity and support costs whlch are not attrlbuted to a single attivity are apportioned betsveen those actlvltles on a ba515 conslstent wlth the use of resources. Grants payable are charged In the year when the offer Is made except in those cases where the offer is conditional, such grants belng recognlsed a5 expenditure when the conditlons attachlng are fulfilled. Grants offered sublect to conditlons which have not been met at the perlod end are noted as a commitment but not accrued as expenditure. 1.7 Debtors Other debtors are cOgnISed at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and In hand includes cash and short term highly Ilquid Investments wlth a short maturlty of three months or less from the date of acqulsition or opening of the deposlt or similar account. 1.9 Llablllties and provlslons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it Is probable that a transfer of economlc benefit will be required in settlement and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the charity anticipates it wlll pay to settle the debt or the amount it has received as advanced payments for the 8oods or service5 it must provide. Provi510ll5 are measured at the best estimate of the amount5 required tQ Settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks speciflc to the liabillty. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 General information The foundation is a charitable trust operating in England and Wales. It is also registered with the Charities Commission. The Trust's registered address 15.. 20 Hillcrest Road, Loughton, IGIO 4QQ. -14-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 1.11 Judgements In the applicatlon of the Trusys accounting policles which are described above, management Is required to make judgement, estlmate5 and a5sumptlons about the carrying value of assets and Ilabilities that are not readily apparent from other sources. The estimates and underlylng assumptions are based on judgement and experience together wlth any other factors that are consldered to be relevant. Actual results may differ from these estlmates. Estimates and any underlylng assumptlons used are revlewed on a continulng basis. Revlslons to accountin8 estlmates are recognised In the period in which the estimate is revised if the revision affects only that period, or in the perlod of the revision and future perlods If the revlslon affects both the current perlod and subsequent perlods. 2. Income fmm charltable artlvltles Unrestrlrted funds Z022 Unrestrlrted funds 2021 Donatlons received 115,(KJO 115,CQO The aggregate amount of donations recelved wlthout conditions from the trustees during the period amounted to Nil12022- NIII. 3. Analy51s of grants The total number of individual 8rant5 awarded in the furtherance of the charlvs objectives was £58.73012021- Nill. In accordance with section 16.25 of the Charities SORP the Trust claim5 exernption from naming the recipients of the Brants during the lifetime of the settlors of the Trust. -15-
THE SPINE FOUNDATION NOTESTO THE FINANCIALSTATEMENTS {continued) FOR THE YEAR ENDED 31 DECEMBER 2022 4. Governance costs Unrestrfcted fund5 2022 Unrestrfrted fvnds 2021 Other offlce costs Le8al ond profe551onal fees Independent examinerfs fees 535 371 1,980 2,886 zzz 5. Analysls of resources expended bv expgndlture type T¢tal 2022 Totsl 2021 Charitsble actlvltles Costs of generating funds 22.494 22,494 6. Net Incomln8 resources/(resources expended) 2022 2021 This is stated after char8lng'. Independent examinerfs remuneratlon 1.980 Durlng the year no Trustee recelved any remuneratlon12021: Nil). During the year no Trustee received any benefits in kind12021: Nil). During the year Trustee received reimbursement of expenses of £22,49412021-. NIII. During the year no staff were employed apart from the Trustees and no remuneration was paid. The Trustees are also the key monagement per59nnel of the Trust. -16-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMEMfs (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 7. Debtors 2022 2021 Other debtors 3,110 B. Creditors: Afflounts falling due wlthin one year 2022 Z021 Accruals 1.980 9. Summary of funds Brought fonvard Incomlng resources Resour¢•s expended Carrled forward General fund5 115,000 84,110 30,890 General funds.. These are donatlons recelvable generated for the objects of the charity wlthout further speclfSed purpose and are avallable as general funds. 10. APB Ethlcal Stsndard relevant clrcumstances In common wlth many businesses of our size and nature we use our Independent examlner5 to a55iSt with the preparation of the financial statements. 11. Related party transactlons During the year there were no related party transactions which require disclosure. -17-