OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-04-05-accounts

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

REGISTERED COMPANY NUMBER: CE029879 (England and Wales) REGISTERED CHARITY NUMBER: 1199928

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 5th April 2024

for

British Association for Surgery of the Knee

Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Contents of the Financial Statements for the year ended 5th April 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 12
Detailed Statement of Financial Activities 13

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Report of the Trustees for the year ended 5th April 2024

The trustees present their report with the financial statements of the Charitable Incorporated Organisation for the year ended 5 April 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 (FRS102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

History aims and activities of BASK

The British Association for Surgery of the Knee ("BASK" or "the CIO") represents orthopaedic surgeons who have an interest in knee surgery, or who undertake knee surgery, that have subscribed to, or who have been conferred honorary membership of, the association. BASK is based in the UK and is affiliated to the British Orthopaedic Association.

BASK was originally established as an unincorporated association in the early 1980s with the following aims:

For the public benefit, to preserve and protect public health, in particular but not exclusively by:

a: promoting high quality care of patients with knee problems or requiring knee surgery in the UK through promoting best practice; b: promoting Spring research relating to knee pathology, surgery and allied fields by providing a platform for presentation and dissemination of such research and by the provision of grants for such research;

c: advancing education and training in the field of knee pathology and surgery and allied fields; and

d: acting as a forum for dissemination of advice for other related bodies with regard to the practice of knee surgery.

BASK became a Charitable Incorporated Organisation ("CIO") on 2 August 2022.

Review of significant activities and future developments

Membership

The membership of BASK stands at 639, with the breakdown of membership as follows:.

Consultants including professors 557 Trainees 78 Career grade doctors 4

The BASK website https://bask.ac.uk/ provides information relating to all aspects of knee surgery to help patients, carers and other interested groups. The focus of this part of the site is to provide information geared towards the healthcare professional, most of which is publicly available. However, within the site are sections only available to registered BASK members including on-line access to The Knee Journal.

BASK holds an annual event comprising instructional courses and annual spring meeting to which all members are entitled to attend.

On 21 and 22 May 2024, the BASK spring meeting was held at the Manchester Central Convention Centre.

The BASK 2025 spring meeting is due to be held in April 2025 at the Harrogate Convention Centre.

BASK has prudently built up significant reserves which were transferred to the CIO on 2 August 2022 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.

Page 1

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Report of the Trustees for the year ended 5th April 2024

OBJECTIVES AND ACTIVITIES

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 knee 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.

Trustees' Assessment of Public Benefit

The main charitable aims of BASK are to provide education and research for the ultimate betterment of patients. This is achieved by BASK's organisation of regular Spring Meetings and also the provision of advanced educational courses on various subjects related to knee surgery. Charitable funds are used to support research in the speciality.

Page 2

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Report of the Trustees for the year ended 5th April 2024

FINANCIAL REVIEW

Financial review

This is the first full 12 month accounting period where BASK has operated under its new CIO status (it previously operated as an unincorporated association for many years).

Subscriptions are time apportioned so that they fall within the correct period for accounting purposes.

Overall, BASK incurred a deficit of £2,626 in the period.

Incoming Resources

Total incoming resources for the period ended 5 April 2024 was £391,681

BASK's two principal income streams are membership subscriptions which cover the calendar year 1 January to 31 December and any surplus generated from the Annual Spring Meeting. The majority of subscriptions are received in early January, subscriptions totalled £119k for the full year (2023:31k apportioned for the part year). Some of that income has been deferred into the next accounting period.

Members comprise mainly consultants and trainee surgeons. Membership numbers stood at 639 as at the date of this report. The benefits of membership include:

Income generated by the Annual Spring Meeting (from delegates attending and from industry exhibitors) was £276,933 in the period (2023:£267,265).

Income from bank interest deposits was £6,328 in the year, this was higher than normal 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 period ended 5 April 2024 were £394,307. This figure includes:

Principal funding sources

BASK receives its funding from members in the form of annual subscriptions and from any surplus generated from running its Annual Spring Meeting.

Page 3

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Report of the Trustees for the year ended 5th April 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 timescales to benefit from the best interest rates available. BASK has sufficient short-term funds available to be realised within a short space of time to meet unforeseen commitments incurred by it, 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 may consider.

The Trustees research 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 Spring 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 £200,000 should be maintained.

The levels of reserves that BASK holds, which are for the most part, readily accessible, are such that BASK will be able to continue to operate effectively notwithstanding the current socio-economic uncertainties.

Going concern

Membership income has remained broadly stable. BASK has worked hard to provide its members with support, guidance and alternatives to the key benefits from membership, including the Annual Spring Meeting and to date this has proved successful.

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.

BASK has cash reserves and has no requirement for external funding. The Trustees have a reasonable expectation that the BASK 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 CIO is controlled by its governing document, the Charity Commission's "Association" model constitution for a CIO.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number CE029879 (England and Wales)

Registered Charity number 1199928

Registered office

Royal College of Surgeons England 35-43 Lincoln's Inn Fields London WC2A 3PE

Page 4

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Report of the Trustees for the year ended 5th April 2024

Trustees

A J A Santini MB ChB FRCS(Glas) A Porteous J Murray Professor L Biant K Akthar C Gupte PhD, FRCS, MA, BMBCh O Al-dadah A Dodds (resigned 16.5.23) Professor A Price (resigned 16.5.23) A Metcalfe (resigned 16.5.23) R Venkatesh (resigned 16.5.23) D Prakash (resigned 16.5.23) Ms C Scott C Esler R Parkinson Professor C Hing Professor S McDonnell (appointed 16.5.23) J W Tice (appointed 16.5.23) R Bhattacharyya (appointed 16.5.23) Independent Examiner Claire Hills BSc FCA Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY 21-Jan-2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.............................................................................. A J A Santini MB ChB FRCS(Glas) - Trustee

Page 5

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

Independent Examiner's Report to the Trustees of British Association for Surgery of the Knee

Independent examiner's report to the trustees of British Association for Surgery of the Knee ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5th April 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:

  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

  3. 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

  4. 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 FCA

Bennett Brooks & Co Ltd Chartered Accountants Suite 1, First Floor Coachworks Arcade Northgate Street Chester Cheshire CH1 2EY

Date: .............................................

Page 6

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Statement of Financial Activities for the year ended 5th April 2024

Year Ended
5.4.24
Unrestricted
fund
Notes
£
INCOME FROM MEMBERS FROM
Income from members
108,420
Income from annual conference
2
276,933
Investment income
3
6,328
Total
391,681
EXPENDITURE ON
Charitable activities and educational meeting
expenses
University of CA - JLA Project - Orth research
-
BASK conference, BOA and BSCOS meetings
345,416
Martinique Vella
4,504
Support costs
44,387
Total
394,307
NET INCOME/(EXPENDITURE)
(2,626)
RECONCILIATION OF FUNDS
Total funds brought forward
571,090
TOTAL FUNDS CARRIED FORWARD
568,464
Period
2.8.22
to
5.4.23
Total
funds
£
31,479
267,265
2,028
300,772
5,000
90,096
-
64,063
159,159
141,613
429,477
571,090

The notes form part of these financial statements

Page 7

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Balance Sheet 5th April 2024

2024
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
6
76,591
Cash at bank
578,639
655,230
CREDITORS
Amounts falling due within one year
7
(86,766)
NET CURRENT ASSETS
568,464
TOTAL ASSETS LESS CURRENT LIABILITIES
568,464
NET ASSETS
568,464
FUNDS
8
Unrestricted funds
568,464
TOTAL FUNDS
568,464
2023
Total
funds
£
227,171
435,901
663,072
(91,982)
571,090
571,090
571,090
571,090
571,090

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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.

22-Jan-2025

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

.............................................

C Gupte PhD, FRCS, MA, BMBCh - Trustee

The notes form part of these financial statements

Page 8

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Notes to the Financial Statements for the year ended 5th April 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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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 CONFERENCE

Year Ended
5.4.24
£
Conference income - Industry
227,235
Conference income - Delegates
49,698
276,933
INVESTMENT INCOME
Year Ended
5.4.24
£
Deposit account interest
6,328
Period
2.8.22
to
5.4.23
£
229,406
37,859
267,265
Period
2.8.22
to
5.4.23
£
2,028

3. INVESTMENT INCOME

continued...

Page 9

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Notes to the Financial Statements - continued for the year ended 5th April 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 5 April 2024.

Trustees' expenses

Trustees' travel and subsistence expenses were paid in accordance with the CIO's expenses policy.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME FROM MEMBERS FROM
Income from members
Income from annual conference
Investment income
Total
EXPENDITURE ON
Charitable activities and educational meeting
expenses
University of CA - JLA Project - Orth research
BASK conference, BOA and BSCOS meetings
Support costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
Unrestricted
fund
£
31,479
267,265
2,028
300,772
5,000
90,096
64,063
159,159
141,613
429,477
571,090
2024
2023
£
£
76,591
227,171

continued...

Page 10

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Notes to the Financial Statements - continued for the year ended 5th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accruals and deferred income
8.
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
£
£
-
8,762
86,766
83,220
86,766
91,982
Net
movement
At
At 6.4.23
in funds
5.4.24
£
£
£
571,090
(2,626)
568,464
571,090
(2,626)
568,464
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
391,681
(394,307)
(2,626)
391,681
(394,307)
(2,626)
Net
movement
At
At 2.8.22
in funds
5.4.23
£
£
£
429,477
141,613
571,090
429,477
141,613
571,090
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
300,772
(159,159)
141,613
300,772
(159,159)
141,613

continued...

Page 11

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Notes to the Financial Statements - continued for the year ended 5th April 2024

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 5th April 2024.

Page 12

Docusign Envelope ID: 497DA2AE-7927-4229-AD91-D736842C06D4

British Association for Surgery of the Knee

Detailed Statement of Financial Activities for the year ended 5th April 2024

for the year ended 5th April 2024
Period
2.8.22
Year Ended to
5.4.24 5.4.23
£ £
INCOME FROM MEMBERS
Income from members
Member subscriptions 108,420 31,479
Income from annual conference
Conference income - Industry 227,235 229,406
Conference income - Delegates 49,698 37,859
Investment income 276,933 267,265
Deposit account interest 6,328 2,028
Total incoming resources 391,681 300,772
EXPENDITURE
Charitable activities and educational meeting expenses
Advertising 384 -
BOA 2,808 13,284
BSCOS 196 213
Annual conference 335,589 76,599
COKS 6,439 -
Grants to individuals 4,504 5,000
Support costs 349,920 95,096
Accountancy fees 6,788 4,976
Knee journal 27,261 46,569
Prizes and medals 1,713 1,463
Website maintenance 6,899 9,996
Membership payment system 1,117 873
Bank charges 598 186
Corporation tax 11 -
44,387 64,063
Total resources expended 394,307 159,159
Net (expenditure)/income (2,626) 141,613

This page does not form part of the statutory financial statements

Page 13

Certificate Of Completion

Envelope Id: 497DA2AE-7927-4229-AD91-D736842C06D4 Subject: BASK accounts - Year ended 5 April 2024 Source Envelope: Document Pages: 15 Signatures: 2 Certificate Pages: 2 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Ben Turner St George's Court Winnington Avenue Northwich, Cheshire CW8 4EE Ben.Harrison-Turner@bennettbrooks.co.uk IP Address: 192.103.123.9

Record Tracking

Status: Original Holder: Ben Turner 1/21/2025 10:38:16 AM Ben.Harrison-Turner@bennettbrooks.co.uk

Location: DocuSign

Signer Events Signature Timestamp Alasdair Santini Sent: 1/21/2025 10:42:44 AM alasdairsantini@btinternet.com Viewed: 1/21/2025 12:24:28 PM Security Level: Email, Account Authentication Signed: 1/21/2025 12:50:38 PM (None) Signature Adoption: Drawn on Device Using IP Address: 86.174.152.90 Electronic Record and Signature Disclosure: Not Offered via DocuSign Chinmay Gupte Sent: 1/21/2025 10:42:43 AM c.gupte00@imperial.ac.uk Viewed: 1/22/2025 8:41:46 PM Security Level: Email, Account Authentication Signed: 1/22/2025 8:42:45 PM (None)

Signature Adoption: Pre-selected Style Using IP Address: 31.94.64.247 Signed using mobile

Electronic Record and Signature Disclosure:

Not Offered via DocuSign

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 1/21/2025 10:42:44 AM
Certified Delivered Security Checked 1/22/2025 8:41:46 PM
Envelope Summary Events Status Timestamps
Signing Complete Security Checked 1/22/2025 8:42:45 PM
Completed Security Checked 1/22/2025 8:42:45 PM
Payment Events Status Timestamps