Ch•Tity Number. 1194851 THE SPINE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE SPINE FOUNDATION Page Lelal and admlnlstrntlve detalls Trustee5' report 24 Ind•p•nd•nt ex•mlnerf$ report io ststement of financlal artmtles li Balance sheet 12 Notesto the flnanclal statements 13-17
THE SPINE FOUNDATION LEGAL AND AOMINisfRATIVE DEfAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Dr Vfvek Mehts Dr Kavita Poply Prashant Brijmohan5ingh Dr Richard Mark Langford Raghav Mehta Charlty reglstered number 1194851 RÈ8lstered addsS 20 Hlllcrest Road Loughton IG104QQ Independent Examlners Sterfln85 Ltd Lawford House Albert Place London N3 IQA Bankers Metro 8ank One Southampton Row London WCIB SHA
THE SPINE FOUNDATION TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are pleased to present their annual Trustees, Report together wlth the financial statements of The Splne Foundation for the year l January 2023 to 31 December 2023. The flnanclal statements comply wlth the Charltles Act 2011, the Trust Deed. and AccountlnE and Reportlng by Charitie5: Statement of Recommended pract1 appllcable to charlties preparlng their accounts in accordance wlth Flnanclil Reporting Standard applicable In the UK and Republlt of Ireland IFRS1021 leffectlve l January 20191. Obl•ctlves and Artlvltle5 ConstltutSon and objects The foundatlon is a charitable company limlted by guarantee. It is entered on the Central Re8lSter of Charltles under nurnber 1194851. The governing Instrument Is the Trust Deed dated 18 June 2021. The oblects of the charity a. The charlty alms to promote educatlon in field of back paln to allow the health care professionals to gain competencies to manage these conditions. We especially aim lo promote educatlon In neuromodulatlon to dellver rtandards In training across the world. Th1515 done by creatlng a bursary scheme for candidates across the world who are keen to develop their education with neuromodulalion. The Charity 5UPPOrts 2 educational pro8rams in neuromodulalion. l. Exeiutlve Educatton Pro8ram In Neuromodul•tlon IEEPINI Clty stGeorges, Unlverslty of London EEPIN is a unlverslty-based certificate CDuf5e, the flrst step toward5 a neuromodulatlon career. This foundatlon program designed for "Team Neuromodulatlon" is dellvered onllne and can also be vlewed asynchronously on City university "Media Space" plaffomi, allowing exceptional nexibillty and access worldwlde. EEPIN underpins standardized, unbiased educatlon under strlct university governance to protect and promote the safe practlces in the 5peciolltv. The candldate experiences Ilve onllne teaching Sessions, video lectures, interactive artivlties and case- based discusslons from the International faculty whilst recelving personal support frorn a dedicated 'Learning Team" based at City University and Barts Neuromodulatlon Centre. Struclure The 2 -day online program, 5preadin8 over I week, draws expertise from Key Opinion Leaders IKOLSI, dlsplaylng reciprocated didattic lectures with clinlcal dlscussions and case studies. Program schedule- Monday* Tuesday 10.'00-17=LX) pm IGMTI 2ntl week of June
THE SPINE FOUNDATION TRUSTEE5' REPORT lcontinued) FOR THE YEAR ENDED 31 DECEMBER 2023 The program alms to prepare candldates wlth the fundamentals of neuromodulation assessed via multlple choice questlons leadlng towards a certlffcate from the Clty Unlverslty, London. Learning Oblertlv¢s althtt proiram The prggramrne aims to cover the following key tOPlC5 on the fundamentsls of neuromodulatlon wlth the potential to Incorporate further novel advancements in the field.. Indications of neuromodulation- current and emerging Physics of waveform and implScatlons In neuromodulatlon Patient selectlon and Multidisciplinary IMDTI approach Procedural skills including vide05 for SCS, DRG, ONS, PNS and DBS Mechanlsm of actlon of current waveforms ind thelr evldence In clinical practice Current neuromodulation device5 and available technology Peripheral nerve stimulatjon and Indlcatlons Non-lnvaslve neuromodulatlon Headache and nevromodulation Deep braln silmulatlon and Indlcatlons Radiofrequency evidence and emerging indlcatlons Intrathecal drug delivery therapy and its Indlcatlons How to set up a neuromodulatSon servlce How to Implement best clinical practice based on evldence Managing conflict of interest within neuromgdulation industry Who li th55 program for7 This program is aimed for Yeam neurornodulation" comprising Physicians, Clinical Nurse Specialists, Physiotherapists, Industry Representatives, Field Clinical Engineers and Allied Health Professionals. E55entially, a candidate who would like to be part of the neuromodulation team, seeking a formal career In neuromodulation with unwersity certification. Recornrnended eligibility". Dortors: Experlence In Pain medSclne, Neurosurgery, Splnal surgery, or Neuromodulotion Nurses. Physiotherapist. Allled healthcare professionals. Industry representatives and Fleld Clinical Englneers In neuromodulation: Undergraduate degree and statement of purpose with ability to demonstrate interest in neuromodulation 2. Post Graduate Certificate (PG Certl In Neuromodulatlon and Paln Management, Queen Mary University of London
THE SPIP4E FOUNDATION TRUSTEES. REPORT {contlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 Profframme ovetvlew PG Cert In Neuromodulatlon and Paln managemenL Queen Mary Unlverslty London, Is a unlverslty based, unlque, fully onllne accredltatlon through one acadernlc year on part tlme ba515. The certlfication offers a total of 60 credlts, 4 x 15 credlts eath module. The modular natu of the program Is deslBned to provlde structured knowled8e, ran8lng from ba51c Science to cllnlcal appllcatlon In Ilne wlth best avallable evldence. The certlflcalion is designed for Doctor5, Cllnlcal Nurse speclallsts and Fleld Cllnlcal Englneers wlth clinlcal and acadernic asplrations. The online modLtlar programme Is deslgned to flt around one's professlonal CDmmltments. The quallfitatlon15 Served in one academic year through pdrt-tlme study wlth both synchronous and asynchronous learnln8. Structur• The modular nature of the programme180 hour5 of dldactlc teachlngl is deslgned to fit within the needs of candidates In full-tlme employment. The candldate wlll recelve the taught element of the modules in three-day block5. Two modules per semester wlth each module beln8 approxlmately four to slx weeks apart. Semester I modules: Module l {Ortobevl: Anatomy, PathophysSology, Physlcs, Wavefom)s Includlng emeY8lng technology and Imaglng relevant to neuromodulatlon Module 2 (November): Patlent care. Indlcatlons, Procedural skllls, PerloperatSve Compllc*lons and TroubleshootSng Semester 2 modules: Module 3 (February): Devices and avallable tethnolow- Current evidence and ratSonale selection Modul¢ 4 {Marchl: Deep braln stlmulatlon/lntra thecal pump/ cancer pain management. Peripheral stlmu13tion & Mlscellaneous
THE SPINE FOUNDATION TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 OECEMBER2023 Assessment The candklates a asse55ed on submitted wrltten assIBnment$ 25CKI wor(15 for each module wlth 50% pas5 marks. A dedlcated online mentorshlp 5esslon wlll be provlded halhvay through the module subm1551on to a55151 through the asslgnment preparatlon. Who Is thls program forP Thls program Is almed for Physlclans, Cllnlcal Nurse Specialists and Fleld Cllnkal Engineerswho are seeking fornial career In neuromodulatlon wlth unfvershy quallflcatlon. Recommended •llbIlIty ¢rlt•rf Doctors: Experlence In Pain medlcine, Neurosurgerys Splnal surgery or Neuromodulatlon Cllnlul Nurs• Sp¢l•llsts In n¢uromodulatlon: Undergraduate degree and statement of purpose with ability to demonstrate signlficant Interest and career aspiration In neuromodulation Our partne The charlty has been worklng In close contact wlth major Industry partners In neuro modulatlon who are commltted to support educatlon lor physlcians, nurses and fleld cllnlcal englneers to ensure standards of educatlon in the field. The key partners who supported the Imltstlve bydonating unrestricted educatlon grants re: Abbott Metltronlc Boston Scientific Saluda Malnstay Medical Neuromodulatlon Education Women in Neuromodulation Trustee5 The Trustees who have seryed during the period and since the period end are set out on page l.
THE SPINE FOUNDATION TRUSTEES, REPORT {eontinuedl FOR THE YEAR ENDED 31 DECEMBER 2023 Grdnt Makln¥ pollcv The Splne Foundation has established Its grant maklng pollcy to ach[e its object5 for the publlc benefit. The Foundation's alm Is to Improve educatlon In neuromodulation by gwlng the power of educatlon to physlclan5, nurses and field cllnlcal englneers 50 they can beneflt the patlent. The beneflclarles of our grant making programme are ultlmately the pain suffers and those at rlsk of developlng Intractable neuropathlc paln in the future. Knowledge and educat5on In neuromodulatlon also have the potentlal to relleve the huge burden of care often faced by the families of sufFerers. Our research and educatlonal pro8rammès fund doctors, nurses and field clinical englneers who use these funds in their work to enhance tatment care for Sufferers from intractable neuropathic paln and related condSt5on5. Any prfvale benefSt recelved by phy51cians. Institutlons and healthcare bodle51s Pure Incldentsl to the objects of our work. The Splne Foundatlon Invltes appllcations for bursary grants from candldates by advertlslng In the speclallst pre55, lournals and educational meetln8s. EIiElbility is restricted to applicants havlng an expertlse in the field to ensure hl8h quallty results. Appllcants submlt a summary of theSr proposals to the trustees In a speclflc formaL Includlng thelr CV and statement of purpose. The appllcatlons are reviewed by the trustee board agalnst a criterlon established by our charlty objectives. A revlew gf our achlevements and perforniance: How our bursary pro8rammes dellvered publlc benefft. The benefits ol the spine Foundatlon's work a the education of future physkian5, nur5e5 and field clinical engineers. the dlssemlnation of these findings, the knowledge to understand and harness development of new therapies with the goal belng to asslst sufferers, their cartrs and familie5. The trustees are pleased that the achievements and performance of the Splne Foundatlon, a5 set Dut below. demonstrate toncrete progres5. PIN: In 2023, 29 candidates IUK, India, SwStzerland. Indonesia and France) received a total of £47.792 In bursary support to gain the eXecUte education in neuromodulation. n in ul tlon ain mana ement.. In 2023-24, 18 candidates (UK, India, Ireland, Slngapore, USI recelved a £107,920 In bursary support to obtain p05t graduate qualification in
THE SPINE FOUNDATION TRUSTEES, REPORT (contlnued) FOR THE YEAR ENDEO 31 DECEMBER 2023 neuromodulation. Publlc Benefit We have referred to the guidance contalned In the Charlty Comm1551on's general guldance on public benefit when revlewing our aims and objectives and In plannlng our future activitles. In particular. the Trustees conslder how such planned activltles wlll Contribute to the ?Ims and objectlves of the Splne Foundatlon. Fln•n¢l•l r•vlgw The Income of the foundatlon durlng the year has come from the charltable donatlon. The surplus for the year amounted to £46612022- É30,8901. R•5•r¥•5 poISLy Followln8 the Inltlal Inlectlon of major fvnds, the Trust reserve will be maintalned In order to generate future Income whlch wlll be avall8ble for d5strlbutlon by 8rant5 each year. The accumulated reserves at the end of the year amounted to £31.35612022- £30,890). RSsk mJnag•m•nt The Trustees have conducted a revlew of the major rfsks to whlch the charlty15 exposed. Future plans The Splne Foundation Is now prop051ng to fund 2-year cllnlcal fellowshlp5 In neuromodulatlon in associatlon wlth Barts Neuromodulatlon Centre, St 8artholomew's Hospltal London and Medical Tralnin8 Initiative Scheme, Faculty of Pain Medicine and Royal College of Anaesthesia. UK. Plans are to create a visltlng fellowship specSfically for the developlng world that will allow the caftdldates to galn hands-on experience in neuromodulation by joinin8 the affiliated centre5. Thi5 will provlde unsurpassed profe55ional development opportunitie5 to the candidate enabling investment in a range of new initiatives that would enaljle personal development and skill mix. The candidates will be provided a Visitin8 Fellowship Certificate, following successful fellowship program.
THE SPINE FOUNDATION TRUSTEEY REPORT Ic0TrtbnuJ FOR THE YEAR ENDED 31 DECEMBER 2023 Trustee< r•sponslbrfrties rtatem•nt The Trustee5 are spOnsible for preparln8 the Trustees, Report and the financlal ststements In accordance with appllcablÈ law and Unlted Kinidom Accoun8 Standafds (Untted Kln8dom Generdlly Accepted Accounting Practice). The law applicable to tharities In England and Wales requlres the Trustees to Prepa flnancial ststements for each financlal year, which glve • true and fair vlew of the state of affairs of the charity and of the incomln8 resources and applicatlon of resources, Including the Income and expendlt'ure, of the charlty for that period. In preparlng these financlal statements, the Trustees are requlred to.. Select suitsble accountlng polides and thert apply them conslstently+ ObseNe the method5 and principles in the Charlties SORP- Make jud8ements and accountlng estlmates that are reasonable and prudent- State whether appllcable ac¢ountir6 standards ve been followed. subject to any materlal depérture5 that must be dlsclo5ed and explained Iwt the flnancial statements,- and Prepare the financlal statements on the 8oln8 concern basls unle$5 It15 inapproprllte to presume that the charity will ctsntlnue in operatlon. The Trustee5 are responslble for keeping adequate accountin¥ cordS that are sufflclent to show arnd explain the chartty's transartlons and dlsclose with re35onable accufacyat anytlme the financial posltion of the charity and enable thèm to ensure that the financlal statements comply wlth the Chartt$ Att 2011, They are also responslble for safe8uardingthe assets of the charlty and hence fortaklng reawnable steps for the preventlon and detertion of fraud and other Irregularitles. Thls report was approved by the Trustees on and st8ned on thelr behalf by. Dr Vlvek Mehta Chairman and frusts•
THE SPINE FOUNDATION INDEPENDENT EXAMINEWS REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independertt exarnlnerfs report to the Tntstees of The Spln¢ Foundatlon. We report to the Trustees on cur examination of the financlal statementsof The Spine Foundatton for the year ended 31 December 2023 which comprise the Statement of Financial ACtltIes. the Balance Sheet and related notes Set out on pages 13 to 17. Thls report Is made solely to the charlty's Tru5tee5, as a body, in accordance with section 145 of the Charlties Act 2011. Our work ha5 been undertaken so that we mlght state to the charlvs Trustees those matters we are reqUId to 5tote to them In this report and for no other purp05e. To the fullest extent permitted by law, we do not accept or assume re5pon51blllty to anyone other than the charlty and the charlty's frustee5 as body, forour work, for thSs report, or for the opinions we have formed, R•sponslbllltles and basls of report As the Trustees of ihe charbtable CDmpany you are responsSble for the preparatlpn of the flnanclal 5tstements In accordance wlth the requirements of the Charities Act 2011 Ithe 2011 Act). HavSng satlsfled oursèlves that the flnanclal statements of the charltable trust are not requlred to be audlted under the Act and are eligible for Independent examination, we report in respect of our examlnatlon of the charitoble trust's flnanclal statements carrled out under Section 145 of the Charitles Act 2011 (the 2011 Act) and in carrying out our examinatlon we have followed all the appllcable dlrections glven by the Charity Commi55ion under section 14515llbl of the 2011 Act. An independent examination does not involve gatherlnB all the evidence that would be required in an audlt and consequently doe5 not cover all the matters that an audltor consider5 in glving thelr oplnion on the financlal statements. The plannin8 and conduct of an audit 80 beyond the limited assurance that on independent examlnatlon can provide. Consequently we express no opinlon a5 to whether the financial 5tatement5 present a 'true and fairf view and our report Is15mited to those 5peclfic matter5 set out In the Independent examinevs statement. Independent examSntrfs statement We have completed our examination. We confirm that no material matters have come to our attentlon In onnection with the examinatlon, glving us cause to believe that in any material respert: Accounting records were not kept in respett of the charltable trust as required by section 130 of the 2011 Act., or the financial statements do not accord with those record5; or the financial statements do not comply with the accounting requirements set out In the charities (Accounts and Reports) Regulations 2008, other than any requirement that the financlal statements give a 'true anil fair vlew, which 15 not a matter considered a5 part of an independent examinatiun- or
THE SPINE FOUNDATION INDEPENDENT EXAMINEWS REPORT {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2023 the financlal statements have not been prepared In aCrdance wlth the methods and prlnclples of the Statement of Recommended Practlce for accounting and reporting by charlties applltable to charitles preparing thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republk of Ireland IFRS 1021. We have no concerns and have come across no other matters in tonnettion wlth the examination to whlch attentSon should be drawn In this report In order to enable a proper understandiryd of the financlal Statements to be reached. Gary Moss FCA Isenlor Statutory Audltor) For and on behalf of 5t•rllnis Ltd Chartered Accountants Ststutory Audltor Lawford House Albert Pl•ce Londoft N3 IQA VP -io-
THE SPINE FOUNDATION STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrirted Funds 2023 Unrestrlcted Funds 2022 Income from: Donatlons recelved 2CQ.O(KJ 115,000 Total Income 2(KI,OCKI 115.OLK) Expendlturn on: Charltsble actfvlties Grants payable Costs of 8eneratlng funds Management costs Govemance 1145.7121 158,7301 149,2521 14,5701 {22,4941 12.8861 Total expendltu 1199,5341 184,1101 Net Ineom•l(•xpendlr•) b•for• other co8nls•d qalns and Iossqs 466 30.890 Total funds carrf•d forward 466 30,890 The noteson p*ie5 13 to 17 form partof these flnanclil staternents. -li-
THE SPINE FOuNDATtt)N 8AiANCE SHEEr FOR ThE YEAR ENDEO JI DECEMBER 2025 Debto Cash Jt hand In haThJ 3,110 29,760 35,316 35J16 32070 I•d1t. du• wlthln on• y••r 13,960) (19801 31.356 30,890 N•t •M• 31,356 30,8SKJ Ch•rfty fvnd¥ Unre5tfkt•d fuThls 31,356 30,89) rotaffunth 31356 30,890 Th• finarKl•l staternènts were approved bythe trustees on nd slgned on thelr behallbv.. Dr Vtveth¢hta Th¬•i on yiesigw 17 forrn partofthe5E 51areN*nts. -12-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Auountin8 policies 1.1 Ba515 of preparation of financlal ststements The financlal statements have been prepared In accordantt with Accounting and Reporting bv Charitie5: Statemerbt of recommended Practlce appllcable to charltles preparlng thelr accounts In accordance w5th the Financial Reportin8 Standard applicable in the UK and Republic of IreSand IFRS1021 leffectlve l January 20191 issued by the Charlly Comml551on - Icharltles SORP IFRS1021, the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS1021 and the Charltles Act 2011. The Splne Foundatlon constltutes a publlc beneflt entity as defined by FRS102. The financial statements a prepared under the hlstorlcal c05t conventlon. The financlal Statements ère presented In pound5 sterling, which is also the functional currency of the trust. Rounding of Jmounts shown In the flnanclal ststements Is to nearest pound. 1.2 GolnB concern The Trustees conslderthat the are no materlal uncertalntles aboutthe Trusvs ablllty to contlnue as a going concern. Wlth respect to the next reporting period, the most slgnlflcant areas of uncertainty that affect the carrying value of assets held by the Trust are the level of Investment returns and the perfomance of Investment markèts. 1.3 Fund accourttlng General fund5 are unrestrlcted funds whlch are avallable for use at the dlrection of the Trustee5 in furtherance of the general objectlves of ihe charity and whlch have not been designated for ather purposes. Unalised gain5 and losses cn Investments are shown in the headlng 'GalnllLossl orb revaluation of listed inve5tment5' In the Statement of Financial Activltles. 1.4 Incomlng resource5 All income 15 recognised once the charity has entitlement to the income, it is probable that the income wlll be received, and the amount of Income receivable can be measured rellably. Investment Income. donatlons and Dther incoming sOurceS are reco8nised on a receivable basis. -13-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENOED 31 DECEMBER 2023 1.6 Expenditure Expendlture b5 gnised once there 15 a legal or constructlve obllgatlon to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgatlon can be measured rellably. Expendlture Is classffied by activity. The costs of each actwity are made up of the total of direct Costs and shared costs. 1cludin8 SUPPOrt costs Involved In undertakinB each activity- Direct costs attributsble to a slngle actlvlty are allocated dlrectly to that activtty. Shared costs whlch contrlbute to MO than one ctivlty and support costs whlch are not attrlbuted to a single actlvlty are apportloned between those actlvlties on a basls conslstent wlth the use of resources. Investment management costs relate to the cost IncUrd for the adminlstraiion of the Trusys Investment portfollo. Governance costs are those incurred in connectlon wlth admlnlstratlon of the charlty and compllance wlth constitutlonal and statutory requlrement5. Grants payable are charged In the year when the offer Is made except In those cases where the offer Is condTtlonal, such 8rants belng reco8nlsed as expendlture when the conditions attachin8 are fulfilled. Grants offered subJect to condltlons which have not been met at the perlod end are noted as a commltment but I1 accrued as expendlture. 1.7 Interest receivable Interest on funds held on deposlt is Included when receivable and the amount can be measured reliably by the charity. This Is normally upon notification of the Inte$1 pakl or payable by the bank. 1.8 Debtors Other debtors a recognlsed at the settlement amount. Prepayments are valued at the amount prepaid net of ar)y trade dlscounts due. 1.9 Cash at bank and in hand Cash at bank and in hand Include5 cash ond short terni hi8hly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. -14-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {contlnued) FOR THE YEAR ENDED 31 DECÉMBER 2023 1.10 Uabilitie5 and pn)vlslons abilities are recognised when there is an obligation at the 8alance Sheet date as a result of a past event, It Is probable that a transfer of economlc berbefit wlll be required in settlement and the amount of the settlement can be estimated reliably. Uabilities are reco8nised at the amount that the charlty anticipates It wlll pay to settle the debt or the amount it has recewed as advanced payments forlhe goods orservices It must provlde. Provlslons are measured at the best estlmate of the amounts required to settle the obli8atlon. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, dlscounted at the pre-tax discount rate that reflect5 the risks speciflc to the liability. The unwlndlng of the dlxount Is recognlsed wlthln Interest payable and slmllar charges. 1.11 General Infomatlon The foundation 15 a charitable trust operatSn8 in England and Wales. It is also re8lstered wlth the Charltles Comm1551on. The Trust's reBlstered address Is.. 20 Hillcrest Road, Lou8hton, IGIO 4Q 1.12 Jud8ements In the appllcatlon of the Trust's accounting pollcies I[ch are descrlbed above. management Is requlred to make jud8emenL estimate5 and as5umptlons about the carrySng value of assets and IlabilitiÈs that are not read1 apparent from other Sources. The estlmates and underlyin8 assumptSons are based on judBement and experience together wlth any other fattor5 that are considered to be relevant. Actual results may dlffer from these estimates. Estimates and any underlying assumptlon5 used are reviewed on a continuing basss. Revlsions to accountlng estlmates are recognised in the perlod in which the estlmate Ss revlsed if the revision affects only that period, or in the periad of the revlsion and future perlods if the revlsion affects both the current perlod and subsequent perlods. 2. Income from (rItablI actlvltl•s Unrestrlcted funds 2023 Unrestrfrted fvnds 2022 Donations received 2CQ,000 115,000 115,000 115,000 The aggreBate amount of donations received without conditions from the trustees durin8 the period amounted to £nil12022- £Nill. -15-
ThE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 3. Analysis of yants The total number of indbvidual grants awarded In the furtherance of the charlW5 objectlves was 120221. In accordance wlth section 16.25 of the Charities SORP the Trust claims exernptlon from namlng the recipients of the grants durln8 the lifetlme of the Settlors of the Trust. 4. Gov•rnan¢e costs Unrestrkted funds Z023 Unrn5trlcted funds 2022 Other offlce costs Legal and professlonal fees Independent examinerfs fees 144 2,446 1,980 535 371 1,980 4,570 2,886 5. Analysls ot resourcos vpended bv •Jtpendlture type Totsl 2023 Total 2012 Charitable artNltles Costs of 8éneratln8 fvnd5 49.252 22,494 49,252 22,494 6. Net Incomlng reure¢S/ Iresour¢ts expended) 2023 2022 This is stated after chargln8: Independent examinerfs remuneration 1,980 1,980 During the year no Trustee recelved any remuneration12022'. NIII. During the year no Trustee received any benefits kind12022.. Nil) During the year Trustees reiVed relmbursement of expenses of £15,80812022.' £22,494) During the year no staff were employed apart from the Trustees and no remuneration wa5 paSd. The Trustees are also the key management personnel of the Tr(rst. -16-
THE SPINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 7. Debtors 2023 2021 Other debtor5 3,110 8. Crqdltovs: Amounts fallln8 du• wlthln on• y••r 2013 Z022 Accrua15 3,960 1,980 9. Summary of funds 8rouiht forwird Incomlni resources Re50urcos •xpend•d Carrf•d forward General funds 30,890 21X),000 199,534 31,356 zirJrzaz•Z General funds: These are donatlons recelvable 8enerated for the objects of the charity without further speclfled purpose and are avallable a$ 8eneral fvnds. 10. APB Ethical Standard relevant clrcumstances In Common with many businesses of our size and nature we use our Independent examiners to ass15t with the preparatlon of the flnancial statements. 11. Related party transactions During the year there We nc related party transactlon5 which requSre disclosure. -17-