REGISTERED CHARtrY NUMBER: 12(KJ779 rt ofthe Trusl and Unaudited Financlal Stalem forthe Pèriod 2Z Ortober 2022 to 31 December British S¢oElogsSoci Sutton McGrath Ha￿e¥ 5 Wettbrook Court Sharrowvale Road sheffield South Yorkshire Sll 8YZ Brftish S£￿105•5 Contentsof the Financial Statements for the Period 22 Ortober 2022 to 31 December 2023 Report of the Trustees Independent Examiner's Report Statement of Hnandal Artivit*s Ba[3fi￿ Sheet Notes to the FinancialStaternents 8 to 13 British Scoliw5 Soc" rt of the Tru51ee5 for the Period 22 October 2022 to 31 December 2023 The trusteès present their report with the finanaal statements of the charity lor the period 22 October 2022 to 31 December 2023. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to d)arÈties preparing their accounts in accordance with the Finan￿31 Reporting Standard applicable in the UK and Republic of Irel3nd IFRS 1021 leffective ljanuary 20191. OBJEUIVESAND ACnVITIES ObjectNes and alms To provide a forum for the Siudy of the origin. natural history and treatrnent of Spinal defomiities. In furtherance ol these objectives. the Society shall.. 11 Attempt to ensure the highest p0s￿ble standardsof management for individua15wr(h spinal deformities. 21 Promote. finance and organise researth and developrnent in the field of spinal deforrnities. 31 Eduote the community in general, medical practitioners and associated professionals in the most effeEtive method5 of recognition, prevention. treatment and lonétemi management of spinal defom)ifies. 41 The Society may accumulate funds and receive donations to further the above objectwes. The Souety operates throughout England and Wales. Public benefft The trustees have paid due re8ard to guidan￿ issue(I by the Charity Commission in deciding what activitie5 the charity should undertake. ACHIEVEMENTS AND PERFORMANCE Charitable artivities The British Scoliosis Society IBSSI has continued to support spinal deformity patients, researcher5 investigating spinal deformities and clinicians who treat spinal defomity patien 2023 was a good year for the Society. The BSS meeting was held in Liverpotsl and was a welcome Suc￿5$. This was the lafgest meeting in terms of delegate5 lor many years. The Society has pushed to improve diversity of it's membership, with ihe aim of representing the full range of indmduals workin8 toward5 the aims and objective5 of the BSS. As result there was a move to increase mtwnbership amongst ￿lled Health Prolessionals. and an Executive position was created and compered for amongst this demographiG Membership fees were received during the year n*)w that the Society's website and membership subscription process is up and running. The BSS has ente￿d into an agreement to fvnd a r*earch p05t in conjunrtion with il's Sister organisations Orthopa&dic Research UK. and the British Association of Spinal Surgeon5. The first ￿1plent of this grant was awarded in 2023. FINANCIAL REVIEW Financial position The balance of unrestricted funds amounts to £324.602 as at 31 Detrmber 2023121 October 2022- £272,6321. During the period the charity ￿te1Ved income totalling £75.23412022 £48.4831 and incurred expenditure totalling £23,26412022- £7,193) giving net incorne fDrthe year wtalling £51.97012022 - £41.2901. The BSS 2023 Stientilit meeting was able to go ahead this year and income frorn thi5 meeting 15 accrued in the financi31 statements totalling £68.662. There was also a Britspine meeting in 2023 and the income from this rneeting totalling £6,450 is also accrued in the linancial statements. Page I Brttssh koliosis rt ofthe Tntstees for the Period 22 October 2022 to 31 Decembèr 2023 FINANCIAL REVIEW ReseNes policy It is the policy of the tharity that unrestricted funds whid) have not been de5t8nated l¢r a spetifie use should be maintained at a level equivalenr to £IIXI,OCO. The trustees consider thèt reserves at this level will ensure that the Society has sufficient reserves to deal with the risk of a cancelled scientific rneetin& or a failed Britspine meeting. A5 at 31 December 2023, unreslricted reserves totalled £324.602 which is in excess of the reserves policy. The charity is looking into ways to make use of the unrestricted fund balan￿ and brin8 It in line with the reseNes policy. This includes planning on continuin8 to donate a larger sum to slster organisalions. sponsorship of a ¢linitsl leadership fellow post was approved in 2020 and funds have been allocated to pump-prime a study on a national document about adult spinal sur8ery. A new Research committee has been created under the leadership of Professor Adrian Gardner. which will be supported under it's terrn5 of reference to facilitate research into spinal deformity. The first output of thi5 research drive is a SLJC(essful bid for a JOIn￿V sFK*nsored research projett at ￿ton Univeryty into Cervic31 spine problem5. This IS the first year of an a8reed fvnding drive in conjunthon with our sister charity ORUK. and our fellow Spine 50uety the British Assocration of Spine Surge￿￿. FLrruRE PLANS The annual scientific meeting for 2024 is actively being planned in Birmingham on 2Lk22nd November. The 2025 meeting will be in London in November. as a joint meeiing with the Nordic Spine Deformity Society. The Charity has delivered a number ol online educaiional and Irainine webinars. which have been successful and well attended. The intention is to continue with thi5 f￿(￿le of delivery in addition to f￿Ure fa¢e to face meetings. and will act as an additional resource to the scientific meeting. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document As of 21 October 2022. the Society registered with the Charity Commi55ion as a Charitable Incorporated Organisation (CIO) with the Charity number 1200779, converrin8 from an unincorporated charity. The assets of the unincorporated charity were transferred to the new Charitable Incorw)rated Or8anisation at this date as a Charity merger. The unincorporated charity has since been dosed and removed from the regirter of tharities with the Charity Commission.The Charity Number for the former unincorporated tharity wa5 294272. There ha5 been no change in narne or objectNes/activities of the charity. The tnJstees deaded to change the legal structure of the charity because it is better repre52nted by a CIO due to the trading nature of the AGM. and to ensure appropriate le8al framework for the volunteer Trustee5. The 5ooety 15 8overned by a constitution adopted 21 October 2022. Organisational structure The Society has up to 9 tru5tee5 who serve for up to 6 years and who are elerted by the Executive Commitlee. The trustees are responsible to the Charity Commissioners for the proper conduct of the Society in pursuance of its objects. The Executive Committee ￿ elected by the membership at the Annual General Meeting, usually consisting ol around nine committee members. The Executive Committee (￿sISts of the President. the Trustees. the Secretary/frEasurer and six elecied members. The elected members shall serve for three years on the Executwe Committee and be eligible for re-election for a period of up ro fNe years. The Executi￿ Committee is responsible forthe proper administration of the Society. REFERENCE AND ADMINISTRATIVE DETAIL5 Registered Charity number 12Ci1779 Page 2 Brltth Scoliogs Soc" Re rt oftheTrustees for the Period 22 October 2022 to 31 Decernber 2023 Prlntipèl address The Royal College of Surgeons of En6land 3843 Lincoln's Inn Fields London WC2A 3PE Trustee5 L M Breakwell VJa5ani N Oxborrow N T Davidson Iresigned 9111120231 A A Cole (resigned 2111112D241 A J S Clarke (resigned 9111120231 N Eame5 lappointed 9/Iy20231 D Fender lappointed 21111120241 A Gardner lappoinied 9111120231 E Bayley13ppointed 9111120231 S Muni8an8aiah lappointed 9/iV20231 l Harding (resigned 9111120231 Independent Examiner Sutton McGrath Hardey 5 Westbrook Court 5h3rrow Vale Road Sheffield South Yorkshire 5118YZ TRUSTEES, RESPONSIBIUTY STATEMENT The trustees ale responsible for preparing the Report of the Trustees and the financial statements in aecordance with applicable13w and United Kingdom AtttyJntin8 Stsndards (United K1ngdom Generally Accepted Accounting Practice). Charity law requires the trustees to Prepa￿ financial statements for each finanoal year. Under thai law, the trustees have elected to P￿Pare the financial stsiements in accordance wrth United Kingdotn Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. Under charity law the trustees must not approve the finanoal statemenis unless they are satisfied that they give a true and fair view of the stste of affairs of the tharity and of the incoming resources and applicat￿n of resources. including the income and expenditu￿. of the charity for that period. In preparin8 those financial ststement5. the tIU5tee5 are required to 5elert suitable accounting policie5 and then appty them consistentty- observe the methods and principle5 in the Charities SORP- m3ke judgements and Èstimates that are ￿3$Onable and prudentr prepare the finanaal staternents on the going concern basis unle55 it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keepin8 proper accounting records whith di5d05e with reasonable accuracy at any time the financial p051tion ot the charity and to enable them to ensu￿ that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) RegLtl8tion5 2CK)8. They are also re5pon5ible for safeguarding the a55Ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud nd other irregularitie> The trustees are responsible for the Maintenan￿ and integrity of the tharity and financial information intluijed on the ch3ritV'5 website. Legis13tion in the United Kingdom g¢)verning the preparatign and dissemination ol financial statements may drffer from legi￿atiOn in Oiher jurisdirtion5. Page 3 of the Trustees October 2012 to 31 Dectmber 2023 for the P ApproveG bi. ordEr of ibe boaid ol trustees on 30 0(tDbei 2025 and $￿ed on its bÈhaLf by.. L M BrEakwell- Trustee Page4 dent Emaminer's R to the Tru5teesof Independent examiner's report to the tru5tee5 01 Brrti5h Scoll￿SSOci I report to the charity trustees on my examination of the accounts of British ko110￿5 Society (the Trust) fof the period 22 October 2022 to 31 December 2023. Responsibllit*s and ba515 of report the charity trustees of the Trust you zre responsible for thè prÈparation of the atcounts in accordance with the requirements olthe Charit￿$ Act 2011 Ilhe Art'l. I report in respect of my examinatipn of the Tru5Vs accounts carried out under Section 145 of the Act and in carrying our my examination I have followed all applicable Dirertion5 gI￿n by the Charity CornrTN5sion under Section 145lSllbl of the Att. kndependÈnt examIne￿5 statement I have completed my exarnination. I confim) that no materi31 matters have come to my attention in connection with the examination giving me cause to believethat in any material re5pect= accountin8 records were not kept in respett of theTrust as iequired by Section 130of the Act- or the accounts do not acccKd with those records.. or the accounts do not comply with the applicable wuirements conceming the form and content of accounts set out Lll the Charities (Accounts and Report51 Regulaiion$ 2(K18 other than any reguirement that the accounts gNe a true and fairview which is not a Matter considered aspart of an independent examination. I have no concerns and have come across no other rnatt￿5 in connecbon with the examination to which attetstion should be drawn in this Teport in order to enable a proper understanding of the accounts to be reathed. On 21 October 2022, the Society chan6ed its legal strurture from an Unincorporaied Charity to a Charitable Intorporated Or8anisation. The assets of the Unincorporated Charity were transferred to the Charitable Incorpordted Organisation and the Unincorporated chattty dosed. The requiretl disdosures have been made in the financtal statements regarding this change in siructure and the accounts have been prepared correctly using merger accounting. James Salim FCCA Sutton McGrath Hartlev 5 Wesibrook Court Sharr¢w4 Vale Road Sheffield South Yorkshire Sll 8YZ 3011012025 Date.. Page 5 BriiTsh Stoliosi550t" Statement of Finzncial Activii forthe Period 22 Ortober 2022 to 31 December 2023 Per*Jd 22110122 to 311W23 Period 111122 to 2VIO122 Total funds Uniestrlcted fund Notes INCOME AND ENDOWMEMfs FROM Donations and legacies L923 661 Charitable attivitiès Charitable 8Ctivities 63,193 46.886 Investment income .1 936 Total 75,234 48.483 EXPENDITURE ON Charttable activities Charitable attivities 23264 7,193 NETINCOME 51?70 41.290 RECONCILIATION OF FUNDS Total funds brought forward 271632 231,342 TOTAL FUNOS CARRIED FORWARD 324.602 272.632 The notesform part of these financial ststements Page 6 BrTlish Scollosls Society JI l)ecember 1023 2023 Unre51ricted fund 2022 TNa5 funds Notes CURRENT ASSÉTS Debto". S Lash at bank and In honc 112,3B6 224.517 io 98.848 235.010 333.858 j36.903 CR£OIT0ft5 Amounts f311iftg due within one year li 19.2%) 164.2711 NET CURR£NT A55Ers 324,602 272,632 TOTAL ASS￿5 LE55 CURRENT LIA8ILifE5 3Z4.602 272.632 NEfASSEf5 324.602 272,632 FUNDS 12 Unrestricied funds 324.602 272.632 TOTAL FUNDS 324.602 272.632 The financial staternenis were approvtil by the Board of Twustees and authorised low issue on 30 Ortober 2025 and were Signed on its bÈhalf by: L M Breakwell- Tru5tÈ The notes form of ih¥se finapcial staiements P3ge 7 8rit¥h S¢oli0sis Soc Notes to the Financial Statements fr>r the Period 22 odober 2022 to 31 December 2023 ACCOUNTING POUCIES Basis of preparing the finanoal ststempnts The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IF￿ 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparin8 their accounts in accordan￿ with the Financsal Reporting Standard applicable in the UK and Republtc of Ireland IFKS 1021 leffÈctNe l January 20191,. ¥inanual Reporting Standard 102 'The Financial Reporbng Standard applicable in the UK and Republic of Ireland, and thè Charities Art 2CIII. The financial statements have been prepared under the historical cost convention. Merger accountsng has been used for reporting the thange of I￿al structure Irom an Unincorporated tharity to a Charitable Incorporated Organisation. The comparative year ended on 21 October 2022 rather than the expetted year end date 31 Dècember 2022. Thi5 15 because thi5 wa5 the date that the charity converte(l from an unincorporated charity to a Charitable Incorporated Organisation ICIOI. The tru5tee5 therefore decided to shorten the year end to the date the unincorporated charity structure ceased to exisL The accounts for the current year have then been prepared for a longer period from 22 October 2022 to 31 December 2023. to bring the charity back to its normal year end date of 31 December. Intome l income is reco8ni5ed in the Ststement of Finanual ACt[￿tieS ort￿ the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Membership subscriptior Income from membership subsuiptions is recognised in the Statement of Financial Actiwties on an accruals basis and Is spread eventy over the period towhith each subyription relates. Interest Retelvable Interest on funds held on deposit 15 included when receivable and this is nomially upon notification of Ihe interest pèiij or payable by the bank. Donations and Leg3cie5 Cash donarions are recognised on receipt. Other donations are recLgni5Èd once the charity has been notified ol the doThation. unless perf0m￿nCe condiiions require deferral of the amount. Legacies are recogni5ed on rereipt or otherwise rf the charity has been notified ol an impending distribution, the amount 15 known. and recei0 is expected. Meeiing profit Income is recognised once the charity has entiuemenl to the fvnds, it bs probable that the incorne will be received and the amount can be measuied ￿liabl¥.The income is acuued il received afier the year end but relat25 to the CUr￿nt year. Expenditure Liabilities are recognised as expenditu￿ as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that 3 Iransler of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted lor on an accruals basis and ha5 been dassified under heading5 that aggregate all c05t related to the category. Where costs cannot be directly attributed to parbcular heading5 they have been allixated to actNities on a ba515 co￿1$tent with the use of resources. Taxation The charity is exempt from tax on its tharitable actNlties. Pa8e 8 continued... British 5coli0gsSocÈe Notes to the Fuiancial 5tatÈments- continued forthe Period 22 Ortober 2022 to 31 December 2023 ACCOUNTING POUCIES- continued Fund accounting Unrestricted funds can be used in attordan￿W[th the tharitsble objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the ¢harity. Restrictsons arise when specified by the donor or when fvnds are ratsed for particu13r re51ricted purposes. Further explanation of the nature and purpose of eath fund is included in the notes to the financial statements. Cash and tash equivalents sh and cash equivalents include cash in hand, deposits held at call with banks. other short-term liqutd investments with original maturities of three rnonths or less, and bank overdrafts. Bank overdrafts a￿ shown within borrowings in current Itabilities. GoinE concern Thè financial statements have been prepared on a goin8 concern basis. The experted fvture income and expenditure. together with current reseNes allows the charityto continue as a going con￿rn. CRITICALACCOUNTING JUDGEME14TS AND KEY SOUR￿ OF ESMMATION VNCERTAlfrItY In the application of the charity'5 accountin8 polioes, the trustees are required to make judgements, eslim3te5 and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that a￿ considered to be rdevant. Actu31 results may dlffer from these estimate5. The estimate5 and vndertying assumption5 are review￿1 (#} an ongoing ba51& Revision5 to accountin8 estimares are recoBni5ed in the period in which the ￿tImate 15 rew5ed where the revision aflects only that period. or in the period of the revision and futu￿ periods where the revision affects both current and fuiure periods. DONATION5 AND IEGACIES Perlod 22110122 Period 111122 to 21110122 31112123 Donations and lega￿5 1.923 661 Page 9 continued. Brittsh Stoliosis Soti Note5to the FinarKial Statements- continued lor the Perlod 22 Ortobew 2022 to 31 December ZOZJ INVESTMENT INCOME Period 22110122 Period VV22 to 2VIO122 3V12123 Bank interest receivable 10.118 936 INCOME FROM cHAR￿ABLE A￿1vinEs Period WI0122 to 31112123 Charitable activities Period 111122 to 21110122 Total ctivities BSS events Subscriptions 5L860 Al.333 38A87 8.399 63.193 46.886 CHARITABLEACnWTIES COSTS Dlrect Costs Isee note 71 Support costs (see note 81 Totals Charitable actNitie5 17018 23,264 DIRECT COSTS OF CHARITABLE AcllvmES Period WI0122 Peri¢d 111122 to 21110122 31/￿113 Web costs Research Funding Travel & meeting expenses Course fees Im7 1,642 811 10920 445 17.818 2,087 Page 10 continued.. Brltlsh 5collosi55oc Notes to the finzncial Statsrnents- continued for the Period 22 Ortober 2022 to 31 December 2023 SUPPORTCOSTS Governan costs Charitable actNities 5A46 Governance costs include5 Costs to the independent examinertotalling £169412022- £2.3701. Support costs. included in the above. are as follows- Govemance costs Period 22110122 to 3V12123 Charitable activities Period Vl122 to 21110122 Totsl actNities Insurance Bank charges Sundries Accountancy and legal fees 361 612 258 429 143 4.276 4.409 5,446 5,106 TRUSTEES, REMUNERATION AND BENEFITS There were no trv5tees' remuneration or other benefts for the peritxl ended 31 December 2023 nor for the period ended 21 October 2022. Truxees. expenses There were no trustee5' expenses paid for the period ended 31 December 2023 nor for the period ended 21 Ottober 2022. io. DEBTOAS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Accrued income Prepayments 75.750 23.098 112.179 207 112,386 P