REGISTERED COMPANY NUMBER: 009368SS (England and Wale51 REGISTERE[) CHARITY NUMBER: 256751 STrATEGIC REPORT, REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR NATIONAL BACK PAIN ASSOCIATION
NATIONAL BACK PAIN ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Chairnian's Report stratgglc Report Report of the Trust8es Independent Exarninprfs Report Statemerht of Financial Activitl8s 10 Balance Sheet 11 Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to tho Flnanclal StatemoTrts 14 to 22
NATIONAL BACK PAIN ASSOCIATION CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Tho chairperson presents his statement for the year: Introductlon: One in three people wll live with back pain at some kKJint in their lives. For some it will k short lived, for others il will be chronic. Musculoskeletal conditions such as back pain cost the National Health Service INHSI some £4.76 billion each year. In this new landscape of home working , back pain is increasingly familiar. However, even before the changes that the pandemic brought about in hybrid and remote working, back pain was the frfth most common reason people would see any health care praclth"oner. Back injury Is one of the largest Single causes of lost work days in th8 UK t(xlay and costs the UK economy some £10 billion. Bk Care exists to prov(de education on back injury prevention, helps provide information to those Iwing with back pain, regardless of cause and is involved in valuable research studies. In 2023: 2023 was an exceptional year for Backcare, both in terms of the receipt of three indep8ndenl legacies totalling funds of some £700,000, and also because our charitable purpose evidenced major milestones.. The completion of the 7th edition of our Handling ol People (HOP71, us&1 in most emergency and on-emeryency healthcare sethng5 in the UK today, and Backcare's most successful Backcare Awareness Week IBCAWI. In 2023 BCAW saw even more employers participate and the distribution of over 50.000 Back Health booklets (created for the purposel. together with very many tens of thousands more booklets Shar electronically. Legacy Incom•: As a small charty legaryes are an important part of oui fundraising income and we take them very seriousty such additional income allows us to dissemin2te more materrals related lo back injury prevention and invest in valuable research studies evaluating the causes, effects, and treatments of back pain. In October 2023, our newly published Back Health booklet provided important back health Informaln and managed lo inGorporate leyacy promotion reaching over 50,000 ptIe directly, This type of aclNe bul discreet promotion will pay dividends in the flrture. With £700,000 being raised in legacy income during the course of the ff nanclal year the Trustees are outlining plans for how this income can be best Used ID assist in multi-year education projects. research to both understand the causes and potential outcomes for back pain through early dètection, helplines and forming new styles of Backcare Branches - aimed at extending reach and the dissemination of more infomiation and educabonal resources. HOP7: The Handling of People 7th edition IHQP71 is an important manual as it seeks to reduce the Inciden of preventable back related injury lo both the patient and importantly the care gNer. alike. Whilst the 200 plus page publication incued signthcanl costs, ils need is clearty evidenced wrth back pain alone, accounting for some 40% of sickness absen¢e in the NHS. There was much interest in HOP7 with many advanced orders and post publication orLlers continued to be received da1. We anticipate that 1500 copies will have been despatched by Summer 2024. 8ackCare Awaronos¥ Week: 2023 was an even more successful year than our two previous record5 in 2021 and 2022. We are immense proud of how this important week in our calendar has growrt and now reaches potentially over one million people. Companies, Health Authorittes, and organisalions are participating. The carefully produced materials have b8en Immensely well receNed and we are hopeful that back injuries 11 have been prevented. as a result. P4e1
NATIONAL BACK PAIN ASSOCIATION CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Fundraising., We rely solely on donations as we are a small, independent charty and reCee no govemment funding. We have support from indiwduals and cor*y)rates in the fomi of donats'ons andlor memberships and such everyday income is important for us. W8 participate in one major annual fundraising event, being the London Marathon. In 2023, we had slightty fewer place5 available to us than in 2022, bul still managed to raise over £60.000. Operatlonal.. Our day-t04Jay operations continue to be led by our ch8rty CEO, who has many years of experience of working th charities of our svze. We also take volunteering vgry seriously, and Backcare benefits from pro bono support servi$ in the areas of acUnt$, legal matters, and medical lting, thus saving the charity tens of thousands of pounds, as a result. We have a Trustee base of four, which is propoFtional to the sEe of our charrty and a Vice President who has supported Backcare for very many years, previously as both a Trustee and a volunteer CEO. As Chair, I remain committed to supporting the charty over the coming y&8rs tr) improve sustainable income stream5 and increase our impact on both those living wrth back pain and in the prevention of avoidable back Snljjry. We wll continue to develop our 5UPPOrter base, produce educational resou matertals and informative publicatDns like HOP7, bulld new Branches whibl supporting existing ones, develop regional helplines, aid resegrch projects, host Backcare Awareness Week and contlnue to assist healthcare professionals and the public alike. in all things back health related. The Trustees 11, as aaYS, sel our Prrit$ but we wll continue to seek ideas from back pain sufferers. staff, and professionals alike, to continue our work and be the'go to, organisation for b8ck pain solutions. I Iwk forward to presenting the rewrt for 2024 in next yearfs annual r8porL Page 2
NATIONAL BACK PAIN ASSOCIATION STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Introduction: The brainthikl of businessman Stanley Grundy, Backcare Ilhe National Back Pain Association} was originally set up in 1968. Wrth nowheie to turn followiry a back injury, Grundy set about creating a charty dedicated lo educating the public in ways of preventing and alleviating back pain. With a long history, Backcare conb'nues lo provide education lo prevent avoidable back injury, helps to support research and trie5 to assist those living with back pain through information and signposting. BaCkca has received no government funding and has always relied on donations for ils income. These donations range from the proceeds of fundiaising events, contributions towards materials that we suppty, Branch income, memberships, some Trust and Foundation support and an element of small, on&off donations - including legacies. YE23 witnessed an uncharaclert5tTrlty high income. from the result of three substantial legacies, and these contribLrting over £600,000 towards our YE ineome of some £833,000. The Trustees and CEO are aware of the responsibilty of charitable purFX)se lnveStrrnt of these addity'onal funds. It is also imF)Ortant to maintain sufficient reserves appropriate lo the srLe of the charity and is something that has been giv8n much consideration by the Trustees and CEO. Revlew Backcare's vision sees the charity working collaboratively wtrth other organisations lo prevent back paln, or help alleviate the symptoms of, through research and education. There 15 also comrnitmenl to assisting those who are suffering with back pain to access grant5, signtK)St or provide a listening ear and therefore help to generate positwe outcomes. First created in 1981, Backcare ha8 ljeen successful in publishlng the 200 plus page 'Guide lo the Handling of People,, now in sts 7th edrtion - a publication purported lo ba the gold standard in the lifting and handling of patients and used in most emergency and nonemergency healthcare settings in the UK, lo protect the sne5 of both the carer and the cared for. Backcare wishes to strengthen and expand the above whilst also investing not only time, but now funding into research into back pain and the prevention or alviation thereof, through appropriate study proposals, and several optnS are being investigatsd. Principle rlsks and uncertalntles The main risk for Backcare, FS financial. With a sudden increase in legacy funding, Backcare could find itself in a position where such increase is short lived. However, the Trustees and CEO are aware of this and have the following plan to mitigate financ¢ risk associated with an unpredictable income. il Backcaie, will have over 100,000 legacy advertisements in CArcul8tson by YE24 which will help promote the option of support through bequests ill Such a subslanlial increase in fundlng and, therefore, the work we can do, wll lea¢J to a Corresponding increase in the charity's profile so helping lo attract mat¢h funding from other SoUrS iiil The Trustees an¢J CEO understand the core funding channels exclusive of legacies iv) Baekcare's financial poIY will ensure that a healthy and appropnate reserves PotY exists vIWith a CEO, a committed Trustee Board, a volunteer neOrk offering professional support and sewvices, and accessing third party supplier solutions, as required keeps the organisation lean, thus incr8asing th8 proSt gf long-lem financtal sustainability vil Backcare will continue to grow its branding as the go to. charity for healthier backs Key flnanclal perfomianee Indlcators i) Rising contributions towards publi¢alionslmaletial$ w(UCed ill Cashflow management by ensuring that operational costs are wthin budget iiil Proportionate burn rate with no monthty negative cash flow5 iv) Fundraising ROI - oplirnum risklreward of major fundraising events, eg London Maratn vl Increasing social value through awareness campaigns that promote Backcare lo more people I Investing in legacy promotion within shareable resources, wlthoul cost lo the charity Concluslon Page 3
NATIONAL BACK PAIN ASSOCIATION STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Backcare is a small tharity wth increasing reach. It is in the fortunate position of being agile in its ability lo work within the financial constraints within whiGh rt finds ttself. whilst still delNering charitab purpose wthout risk lo future financial sustainabilty. Approved by order of the board of trustees on 30 Septemb8r 2024 and signed on its behalf by.. E Svranton - Trustee Page 4
NATIONAL BACK PAIN ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are algo directors of the charity for the purposes of the Companies Act 2006, present theiT report with the ffnancial statements of the charity for the year ended 37 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applrable to chatities preparing their accounts in accordance wth the FinancEal Repoth'ng Standard applicable in tre UK and Republic of Ireland IFRS 1021 leffeetlve 1 January 2D19}. PRINCIPAL ACTIVITY: Backcare (registered as the National Ba¢k Pain Association) is a Registered Charity under the Charities Act 1993, established to carry out and promote research into the causes, ¢ure and prevention of illness, complaints and disorders in. 01 associated with the back of the body and other allied conditions, and lo publish and rnake available the results of such research., and the relief of persons who suffer such conditions." and the advancement of education of the public concerning such conditions. VISION: To du the imp* of bxk pain on society. QWECTIVES AND ACTIVITIES Obj8ctlves and alms AIMS: 1. Making a difference to the lives of people with back pain.. To be an independent source of informats.on about the causes, Ireolments and management of back pain 2. Preventing back pain, where possible.. To promote best prdctice in the diagnosis, treatment and management of back pain 3. Working wrth carers, empSoy8rs, and families elc to reduce the detrimental èffects of back pain.. To prevent incapacity from back pain OBJECTIVES: 1. To produ authoritative and acc8SsIb infotmaiion 1ev1dere-b0$ed wherever possib181. 2. To support people Iwing wth bk pain through a helpline Ser. 3. To fund research into preventing incapacity and promoting best practice. 4. To work with heaMh professionals, employers, trade unions. government departments and statutory bodies lo improve access lo information, advice and trealmenl. 5. To campaign on behalf of people wth back pain through the media and representation on govemment working parties, appropriate NGOS, etc_ 8 To support local branches wrth infomiabon, campaigning materFals, web pages and insurance (but does not include the provision of Therapies). Financlal rgvlow In 2023 income increased significantty, whibt our 2023 operational expenditure remained k)w, by comparison. Monvès accrued in 2023, more than the Reserve's policy will be spent during 2024 and 2025. Resetves policy We ended the year debt free, and the Board was ftKused on maintaining reserves to ensure the ongoing financial suslainabilty of the Charity. Our Reserves Policy is six months of operating costs which the Trustees telieve to be sufficient for the charity. Reserves al £100.000, are in line wllh Ihls. Page 5
NATIONAL BACK PAIN ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Going concern The Trustees are confident that the charity will be able lo ¢ontsnue lo accomplish irnportant things in the years lo come_ Great strides have been made in 2023 to pave the way for such suC$S and there has been the receipt of threg signrficant legacies. glving further ffinancial stability and even more to build on. We have evidenced Legacy income as an important part of our fUnd1$1ng and under the guidan of our CEO much work is bein9 done to ensure that we continu@ lo promote bequests a$ a valuable source of income for the charity. We also continuo lo make great strides with event income and have already evidenced a successful London Marathon evenl in 2024 and have another 34 runners already signed up to participate in the London Marathon 2025. We will also continue lo seek the support of corporates and Trusts and Foundations to furth8r Dtjr work, particularfy in the exploration of large-scale projects, because of our IncSed gacY income. Therefore, it is the Trustees. opinion that the going ¢))ncem basis of preparatK)n of the accounts Gonlinues to be appropriate. Trustees are also restM)nsible for identfying the major risks to which th8 charity is exposed and lo review the systems which have been established to mitsgate those risks. The Executive Committee-. continues to monitor the performance of, advise and direct the CEO., deals with day-to-day matters that require Trustee decision-making," maintains an overview of constitutional, legal. financBI, and operational matters to ensure Backcare's fA)mpliance with the requirements of the Charity Commission, Compani8s House, and relevant legislatK)n. The day-topday management of the charity is delegated to the CEO, who reports directly to the Chair of Trustees and is further responsible to the Board of Trustee5. REVIEW OF PERFORMANCE: In 2023, Backcare continued to benefit from a substantial reduction in oper2ting costs, coupl8J with a significant rise in income (both outcomes allowtng more funds lo be directed towards charitable purpose). The CEO, Denice Logan R05e. also ulilise5 pro bono professional support where possib covering the areas of finance, gaI, medical wrib.ng etc and seeks funding opportunities where appropriate lo maximise our charitable PUTpose, wrihout compromising the quality of our work or engaging in unnecessary expendittjre. Ba¢kCare AarenesS Week IBCAW) 2023 trumped BCAW 22 when r( becarne th8 most successful to date. HOP7 was finalised and promi$es lo keep its Iraditson of being regarded as the gold standard in the handling of people. within most every day and emergency healthcare Settings. We have remained committed to assisting research projects, supporting our membership and helping our blanches loo, whilst ensuring that funds are available lo sustain our actNities. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is a company limited by guarantee. It was incortk)rated on 7th August 1968 and is governed by its Memorandum 8fKI Articles of Association. Recrultment and appolntment of new trustees The number of Trustees 8nd makeup of the board is discussed at Trustee board meetings. Tntstees may be recruited by asking the membership for volunteers or recommendations, by recommendations from existing Trustees or from individuals who have interacted wth the charity and who the Tru*ees feel would be a gocxj candidate. When a Trustee is proposed and is agreed by the board a5 a suitable CarIdate, a due diligence background check is performed before approaching the prospective Trustee to invite them to become member of the board. The duties and legal obligations of a Trustee are explained and discussed along with any partUlar$ of the role the Trustee is being asked to tak8 up. If the candidate is in agreement this is put back to the board for a final vote before the Trustee ks appoint. Page 6
NATIONAL BACK PAIN ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT ORGANISATIONAL AND OECISION4IAKING STRUCTURE.. Backcare is govemed by Ihe Board of Trustees. The Trustees meet al18asl four tiffle5 8 year to discharge their responsibilrties STATEMENT OF TRUSTEE'S RESPONSIBILITIES: Company law requires the Board of Truste@s to prepare financial ststements for each financial year. lch gNe 8 true and fair view of the stale of affairs of the company and of the piofrt or1055 of the company for that period. In preparing those financial statements, the Board of Trustees is reqvired to- il select suitable a¢counting policies and then apply them consislently. ill make judgments and estimates that are reasonable and prudenl. iiil prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in business. The Board of Trusl88s responsible for keeping proper accountlng records, which disclose with reasonable accuracy at any time the finan¢ial position of the company and to enable them to ensure that the financial slalements comply wilh the Companies Act 2006. 11 is also responsible for safeguarding the a55e15 of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Trustees are also responsible for identifying the major risks lo which the charity is exwsed arÈd to review the systems, which have been eslablished to mrtigate those risks. The Executive Committee recruits, monitors the performance of, advises and directs the charity. It deals wrth matters that require Trustee Lfecision-making and maintains an overwew of constitutional, legal, flnanclal and operational matt&r5 to ensure Backcare's compliance with the requirements of the Charity Commission, Companies House and relevant legislation. There are kn nominated Trustees for matte15 regarding Research and Education and, who advise on an as needs basis. Day-to-day management of the eharty is delegated lo the CEO who reports directly lo the Chair on a weekly basis, and who is also iesponsible to the Board of Trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 00936855 (England and Wales) Rgglstgred Charlty numbgr 256751 R•glstgrgd offit8 Backcare 29 Bridge Street Hitchin Hertfordshire SG5 2DF Trusteas Professor F Williams E Swanton Professor J C T Fairbank B Chatterjee Page 7
NATIONAL BACK PAIN ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner P Underwood. FCCA Morris Crocker Chartered Accountants Stslion House North Streel Havant Hampshire P09 1QU Approved by order of the board of truste8s on 30 September 2024 and signed ori its behalf by.. E Swanlo - Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONAL BACK PAIN ASSOCIATION Independent examlner's report to the trustees of National Back Pain Assoclatlon I'the Company'l I r&port lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31 December 2023. Responslbllltles and basls of report As the charity's trustees of the Company land also ils directors for the purposes of company law} you are responsible for thè preparation of the accounts in accord?nGe with the roquiremenls of the Companies Act 20061.lhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not roquired lo be 8udited 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 {'Ihe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515} {b} of the 2011 Act. Independent examlnerfs statemènt Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertakè the examinatOn because l am 8 member of the Associ4lion of Chartered Certified Accountants. which is one of the listed bodies. I have completed my eXination. I confirm that no mallers have come lo my attentlDn in conn8clion with the exarninalion giving me cause to believe.. aceounling records were not kept in respect of the Company as required by Section 386 of the 20C Act., or the accounts do not accord wrth those records", or the accounts do not comply with the accounting qUirements of Section 396 of the 2006 Act other than any requirement that th8 accounts give a true and fair view which is not o matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by Gharrties (applicable lo charities preparing their accounts in accordance Mnth the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 10211. I have no concerns and have c(yne across no other matters In connection the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. P Undewood, FCCA Morris Croeker Chartered Accountants Stslion House North Street Havant Hampshire P09 1QU 30 September 2024 Page 9
NATIONAL BACK PAIN ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENL>ED 31 DECEMBER 2023 2023 Totsl funds 2022 Totsl funds Unrestricted Restricted funds fund Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 741,484 741,484 44,620 Charitablo actlvltlas Sale of publications and other items 29.216 29,216 19,343 Other trading activities Investmenl income 49.534 12,816 41,(k82 23 90,596 12.839 91,358 20.312 Total 833,050 41.085 874,135 175,633 EXPENDITURE ON Raising funds 20,221 20.221 19,182 Charttable actlvltle8 Activlcies 128.274 48,360 176. 158,017 Total 148.495 48,360 196.855 177.199 NET INCOMEIIEXPENDITUREI 684,555 (7.275) 677280 (1,5661 RECONCILIATION OF FUNDS Total funds brought forward 121,363 58,541 179,9 181,470 TOTAL FUNDS CARRIED FORWARD 805.918 51,268 857,184 179.904 The not8s form part ofthe5e financial statements Page 10
NATIONAL BACK PAIN ASSOCIATION BALANCE SHEET 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Investments 13 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 5,054 24,434 862,616 4,495 37,802 200,616 892.104 242,913 CREDITORS Amounts falling due within one year 16 134,9211 163,0101 NET CURRENT ASSETS 857,1B3 179,903 TOTAL ASSETS LESS CURRENT LIABILITIES 857,184 179,g¢J4 NET ASSETS 857,184 179,904 FUNDS Unrestricle(I funds Restricted funds 18 805,918 51.266 121,363 58,541 TOTAL FUNDS 857,184 179,904 Tha tharitable company is entided to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain 8n audll of its financial ststements for the year ended 31 Dernber 2023 in accordance with Seckn'on 476 of the Companies A¢t 2006. The trustees acknowledge their fftsponsibililies lor (8) ensuring that the charitsble company keeps accounting records that compty wtth Sections 386 and 387 of the Companie5 Act 2006 and Ib} preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as at fhe end of each financial year antt of its SUTplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheise comply wrth the requirements of the Companies Act 2006 relating to finanoal statements, so far as applicable lo the harrtable company. The financial ststements were approved by the Board Df Trustees and authorised for issue on 30 SepteFnber 2024 arKI were signed on its beha by.. E Swanton - Trustee The notes form part of these financial statements Page11
NATIONAL BACK PAIN ASSOCIATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operdting activities Cash generated from operations 654,097 35,597 Net Cash provided by operating xlivities 654,097 35,597 Cash flows from Investlng actIVleS Interest receNe 7,903 116 Net cash provided by investing acbwti8S 7,903 116 Change In ca8h and cash equivalents ln the reportlng perlod Cash and cash equlvalents at the beglnning of the reportlng perlod 662,000 35,713 200,616 164,903 Cash and cash equSvalents at the end of the reportlng period 862,616 200,616 The notes form part of these financtal stslements Page 12
NATIONAL BACK PAIN ASSOCLATION NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTMTIES 2023 2022 Net incomgllexp8nditure) for the reporting period la6 per the Statement of Flnancial Activities) Adjustmonts for. Inteiesl received (Increaselldecrease in stocks Decreasellincreasel in debtors (Decreaseifincrease in credrtOf5 677,280 11,5661 17,903) 1559} 13,368 128,0891 11161 2,505 15,8261 50,600 Not cash provided by op8ratlons 654.097 35,597 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.23 Cash flow At31.12.23 Net cash Cash at bank and in hand 2,616 662,000 862,616 200,616 662,000 862,616 Totsl 200,616 662,000 862,616 The note5 foim part of these financial statements Page 13
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Ba818 of preparlng the Ilnanclal statsments The financial ststements of the charitable company, whlch Is 8 public benefft entlty under FRS 102, have been piepared in accordance Mqth the Charitie5 SORP IFRS 1a21 'Accounting and Reporting by Charities.. St218ment of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. Financial Reporting Stsndard 1 D2 'The Financial Rep¥)rting Stsndard appIlble in the UK and Republr of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost convenlwjn, wth the exception of investments which are included at market value. Proparatlon of consolldatod flnanclal statements The financial Statements contain information about National Back Pain Association as an individual company and do not contain (x)nsolidated financial information as the paT8nt of a group. The chaTty is exempt under Section 39912AI of the Companies Act 20CE from the requirements to prepare consolidated financial statements. Income All income is r8cogni58d in the Sta18m@nl of Financial Activity8s once th8 ctharity has entrn8nt to th8 funds, il is probable that the income will be received and Ihe amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslructNe obligation comrnitting the charity to that expenditure, it 15 probable that a transfer of economic benefits will bè required in setuement and the amount of the obligation can be measured reliably. Expenditure is 8ccounled for on an accruals basis and has been classifted under headings that aggregate all cost relateol to the Category. Where costs cannot be direcuy attributed to Partiular headings they have b allocated to actlvltles on a basis consistent the use of soUrCes. Tangible flxed assets D8preciation is provided at the followng annual rates in order to write off asset over tts estimated useful life. Fixture$ and fittings Office equipment 15% on cost 33% on cost Individual fix assets costing £500 or more are capitalised al cosL Stocks Stocks are valued at the lower Df cost and net reali5able value, after making due allowance for obsolete and slow moving items. Taxatlon The Charity is exempt from corporation tsx on its charitable actNe8. Fund accountlng Unrestricted funds can be used in acCOrdar with the tharrtable objectives at the discretion of the trustees. Restrictsd funds can only be used for particular restricted purposes within th& objects of the charty. Restrictions arise when spe¢rfEd by the donor or when fvnds are raBed for particubar reslricted purposes. Further explanation of the natu and purpose ol each fund Is included In the notes to the finan¢lal stalemenls. Page 14 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES - ¢onttnued Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged to the Statement of Flngncial Activitre5 in the period lo which they relate. Investments Investments in $ubsidiartes are valued at ¢ost less provision for impairment. Trade and other debto Short tem debtors are measured at transaction price, les5 any impairment. Loans receivable are me3sured initially at fair value, nel of transaction cost5, and are measured subsequently al amortised cost using the effective interest method, less any impairmerst. Cash and cash oqulvalonts Cash and cash equivalenis comprise cash al bank and on hand, deposits with banks and other short4erm highty liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or ¢urrenl liabilities. Trade and olhaf credltOf5 Short lemi trade creditors are measured at the transaction prlce. Other financial liabilities, including bank loans, are measured initially at fair value. nèt of transaction costs, and are measured subsequentFy at amortised Gost using the effectNe interest method. DONATIONS AND LEGACIES 2023 2022 Helpline Donations Gift aid Legac$ Membèrship subscriptions 10,000 8,983 30,781 3,780 698.811 8,112 25,637 741,484 44,620 OTHER TRADING ACTIVITIES 2023 2022 Fundraising evgnts Branch income 49,534 41,2 57,782 33,576 90,596 91,358 Page 15 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- eontlnu FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTIAENT INCOME 2023 2022 Other Income Deposit ?oTrt interest 4,936 7,903 20.196 116 12,839 20,312 I tnv8slment income is derived from assets held in the Untted Kingdorn. INCOME FROM CHARrrABLE ACTIVITIES 2023 2022 Adivity Sale of publications and other items Sale of publications and other items 29,216 19,343 RAISING FUNDS Raising donatlons and legacios 2023 2022 Fundraising expenses 2Q,221 19,182 CHARITABLE ACTIVITIES COSTS Support costs (see note 81 Direct Costs Totals Actrvities 174,809 1,825 176,634 SUPPORT COSTS Goveman costs Activities 1.825 Support Sts, inclLtded in the above, are as follows.. Govemance Gosts 2023 2022 Total acb"vrties ActEvthes Independent examinerfs fees 1,825 3,650 Pag8 16 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEmErs - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, reMUratiOn or r)ther benefrts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Tru8te8s' expon¥o9 During the year no trust8elsl were reimbursed out of wcket expen8es12022'. £Nill. 10. STAFF COSTS 2023 2022 Wages and salaries Social 5ecuirty costs Other tension costs 49,998 943 1,313 49,998 1,420 1,203 52,254 52,621 The avewJe monthly number of 8mploye8s during the year wa5 as follows.. 2023 2022 Administrative staff No emoYeeS received emoluments in excess of £60,000. 11. COMPARATlliES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrthd funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 34,620 10.000 44,620 Charftable actfvltlos Sale of publications and other items 19,343 19,343 other trading activÈties Investment income 57,782 20,312 33.576 91,358 20,312 Total 132,057 43,576 175,633 EXPENDITURE ON Ra151ng funds 19,182 19,182 Charitablo actlvltles Actwrties 132.423 25,594 158,017 Total 151,605 25.594 177,199 NET INCOMEI{EXPENDITUREI 119.5481 17.982 {1,5681 RECONCILIATION OF FUNDS Totsl funds brought forward 140,g11 40.559 181,470 Page 17 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR THE YEAR ENDED 31 DECEMBER 2023 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnuad Unrestricted Restricted funds fund Total funds TOTAL FUNDS CARRIED FORWARD 121,363 58,541 179,904 12. TANGIBLE FIXED ASSETS Fixtures and fllb'ngs Office equipment Totsls COST Al 1 January 2023 alld 31 December 2023 1.123 3,304 4,427 DEPRECIATION At 1 January 2023 an 31 Deffiber 2023 1.123 3,304 4,427 NET BOOK VALUE At 31 December 2023 At 31 December 2022 13. FIXED Ass INVESTMENTS Shares in group undertakin95 MARKET VALUE At 1 January 2023 and 31 December 2023 NET BOOK VALUE At 31 Dmber2023 At 31 December 2022 There were no investment assets outside the UK The company's investments at the balance sheet date in the share capital of companies include the following". Back Care Tradlng Llmlted l¢ompany numbor 03745212) Registered office.. United Kingdom Nature of business.. Retail Class of share.. Ordinary holding 100 31.12.23 31.12.22 Aggregate capital ?nd reserves (2911 12911 Back Care Trading Limited has not traded during this financial y8ar. Page 18 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2023 14. STOCKS 2023 2022 stock 5,054 4,495 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debto VAT Prepayments and accrued income 7.575 3,215 13.644 22,984 1,28S 13,533 24.434 37.802 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Sockql securty arvj other taxes Other creditors Accruals and deferr*J income 47.373 1,297 1,063 13,277 3.130 2.267 24,578 34,921 63,010 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Total funds 2022 Total funds Unrestricted funds Restred fund Investrnents Current assets Current liabilrties 838.571 132.6541 53,533 12,2671 892, 104 134,9211 242,913 (63,0101 805.918 51,266 857,184 179,904 MOVEMENT IN FUNDS Nel movement in funds Al 31.12.23 Al 1.1.23 Unrestricted funds General fund Designated funds, fijither HOP7 production costs 91,363 684.555 775,918 30,000 30,000 121,363 684,555 805,918 Re5triGted funds Branch a¢Unts 58.541 17,2751 51.266 TOTAL FUNDS 179,904 677,280 857,184 P?ge 19 continued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 18. MOVEhlENT IN FUNDS - ¢ontinu¢d Net movement in funds, Includ in the above are as follows.. Incoming resources Resources Movemenl expended in funds Unrestrlcted funds GeneT81 futKI 833,050 1148,495) 684,555 Restrlcted funds Branch accounts 41,085 148,360) 17,2751 TOTAL FUNDS 874,135 1196,8551 677,280 Comparatlves for movement In funds Net movem8nt in funds Transfers between funds At 31.12.22 At1.1.22 Unre6tri¢tgd funds General fvjnd Designated funds, further HOP7 production costs 140,911 119.548) (30.0001 91.363 30,000 30,000 140,911 119,548) 121,363 Restrfctgd funds Branch a¢eounts 40,559 17,982 58,541 TOTAL FUNDS 181.470 11,566} 179,904 Comparative nel movement in funds, included in the akjve are as follows_. IrKomlng resources Resources Movement expended in funds Unr8strict8d funds General fund 132,057 11S1,605) 119,5481 Restricted funds Branch alxounts 43,576 (25,594) 17,982 TOTAL FUNtY6 175,633 {177,199} (1,5661 Page 20 ¢ontinued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 18. MOVEMENT IN FUNDS- contlnuod A current year 12 months arKI pnor year 12 months combined position is as fr)Ilows: Net movement in ftjnds Transfers between funds Al 31.12.23 At 1.1.22 Unrestrictod funds General fund Designated funds, fvrther HOP7 pr0dLtIon costs 140.911 665,007 (30.0001 775,918 30.000 30,000 140,911 665,007 80S,918 R8strlcted lunds Branch accounts 40,559 10,707 51.266 TOTAL FUNDS 181,470 675,714 857,184 A current year 12 months and prior year 12 months comblned nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unr85tricted funds General fund 965.107 1300,1 DOI 665,007 Restrtcted funds Branch accounts 84,661 173,9541 10.707 TOTAL FUNDS 1.049,768 1374,D541 675,714 19. EMPLOYEE 8ENEFIT OBLIGATIONS The Charity operates a defined contributions penslon scheme. The assets of the scheme are held separately from those of the Chamty in an independenuy administered fund. The pension cost charge represent5 contributions payable by the Charty to the fund and amounted to £1,313 12022.'£1,2031. Conlribulions tolalling £Nil 12022.. £2551 were payable to the fund at the balare sheet (Jale and are included in creditors. RELATED PARTY DISCLOSURES There has teen no related paty tran5actlOns during the current year. Page21 ontinued...
NATIONAL BACK PAIN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 21. ULTIMATE CONTROLLING PARTY The charitable company is not under the cont1 of another entity or any one individual. Page 22