Docusign Envelope ID". BM3FE63-B8DE-4651-9052-36F83A7AEBCE British Geriatrics Society Improving healthcare forolder people THE BRITISH GERIATRICS SOCIETY (A Company Limited by Guarantee) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 Charity registration number: 268762 Company registration number: 1189776 (England and Wales)
Docusign Envelope ID". BM3FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Contents For the year ended 31 March 2025 TABLE OF CONTENTS Pa Charity Reference and Administrative Details Trustee5' Annual Report 4-26 Independent Auditor'5 Report 27-30 Statement of Financial Activities (Group Consolidated) 31 Balance Sheets 32 Statement of cash flows 33 Note5 to the Financial Statements 34-48
Docusign Envelope ID". BA43FE63-B8DE4651-9052-36F83A7AEBCE The British Geriatrics Society Charity Reference and Administrative Details For the year ended 31 March 2025 CHARITY REGISTRATION NUMBER 268762 COMPANY REGISTRATION NUMBER 1189776 (England & Wales) President Professor Adam Gordon (demitted 15 November 2024) Professor Jugdeep Dhesi {appointed 15 November 20241 President-Elect Professor Jugdeep Dhesi (demitted 15 November 2024) Dr Amit Arora (appointed 15 November 2024) Honorary Secretary Dr Ruth Law Honorary Treasurer Dr Liz Lawn Chair BGS England Council Dr Richard Biram Chair BGS Northern Ireland Council Dr Jan Ritchie Chair BGS Scotland Council Dr Bob Caslake Chair BGS Wales Council Dr Karl Davis Co-chairs BGS Trainees Council Dr Victoria O'Brien Dr Julianaa Raghu Chair BGS Nurses and AHPS Council Dr Esther Clift (demitted 15 November 2024) Lyndsey Dunn (appointed 15 November 2024) Lay Trustee Mr Nicholas Pahl Lay Trustee Ms Stephanie Harland CHIEF EXECUTIVE OFFICER Ms Sarah Mistry
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Charity Reference and Administrative Details For the year ended 31 March 2025 PRINCIPAL AND REGISTERED OFFICE Marjory Warren House 31 St John's Square London ECIM 4DN AUDITOR MHA, Building 4, Foundation Park, Roxborough Way Maidenhead, SL6 3UD BANKERS Santander UK plc 2 Triton Square, Regent's Place, London NWI 3AN Flagstone Investment Management Ltd Clareville House, 26-27 Oxendon St, London SWIY 4EL INVESTMENT ADVISERS CCLA Fund Managers Limited Senator House 85 Queen Victoria Street London EC4V 4ET
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The Trustees are pleased to present their annual report for the year ended 31 March 2025, under the Companies Act 2006 and the Charities Act 2011, together with the audited financial statements for that year, and confirm that they comply with the requirements of the Acts and the Charities SORP { FRS 102). The report and accounts have also been prepared to fulfil the requirements for a Director's Report for the purposes of company law. AND MI Charitable Objects The Society was established in 1947 to serve the healthcare needs of older people living with frailty - a large and increasing sector of the UK and world population. The Society's objects, as set out in the Memorandum of Association, are 'the relief of suffering and distress amongst the aged and infirm by the improvement of standards of medical care for such persons. Charltable mlsslon In line with the Objects, the Society's charitable mission is to improve healthcare for older people. We pursue our Objects and mission through the objectives and activities set out in the section below. OBJECTIVES AND ACTIVITIES INCLUDING PUBLIC BENEFIT Our objectives, which we refer to as our 'specific aims, are to Inspire students and trainees to specialise in the care of older people, and to support their education, training, clinical effertiveness and career development- Promote high standards of clinical quality through conferences, meetings, information, good practice guidance, and educational and training opportunities. Encourage the sharing of learning and best practice, both within and across relevant disciplines; Promote research into the healthcare of older people, facilitating access to research and opportunities to generate research. Act as the informed policy voice regarding educational curricula. clinical standards- research,. effective commissioning practice and health policy regarding the treatment and care of older people across the UK. Raise awareness among healthcare professionals of the role of 'living well, in preventing disease in old age. These long-term aims are translated through a Strategic Plan into five strategic objectives. We describe achievements later in this report under these five areas.
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 Principal activities Our aims and objectives are met through delivery of a set of activities, as follows.. national, regional and special interest meetings to share research and clinical best prartice. publishing approved research papers, clinical guidance and resources,. promoting research, education and training in all aspects of healthcare for older people. providing expert input into the formulation of policy relevant to the care of older people. Below, we look at each of these in turn with reference to the 'public benefit, test. Public benefit The Society's overall purpose is to improve healthcare for older people, chiefly by driving up standards of NHS healthcare for older people across the UK through the member services and activities described below, The ultimate beneficiaries of our work are older people with frailty and other complex health needs who benefit from improved NHS healthcare from the physicians, nursing staff and allied health professionals whose knowledge, understanding and confidence are being raised through the activities of the Society. This public benefit is accessible free of charge through NHS services for older people. Older patients are by far the largest population group using NHS services, whether in the community or in hospitals. Almost 12 million people in the UK are currently of pensionable age and this is projected to rise to over 15 million by 2045. The fastest g rowing age group is the over 85 population which is projected to double by 2045. The fact that people are living longer lives is a great success story. It comes with many positive dimensions, which should be roundly celebrated, but also brings major challenges. Research published in January 2018 estimates that between 2015 and 2035, the prevalence of multi-morbidity (multiple diagnoses of chronic illness) is set to increase, with the proportion of those diagnosed with four or more illnesses almost doubling. Two thirds of those with four or more illnesses will have mental ill-health, such as depression, dementia, and other forms of cognitive impai rment. Older people are more likely to have chronic conditions than any other age group - 580/0 of people over 60 have at least one chronic illness compared to 140/0 of those under 40. Around IOO/o of people aged over 65 and a quarter to a half of those over 85 live with frailty. Management of frailty costs UK healthcare systems £5.8billion per year. Older people account for around 400/0 of all admissions to acute hospitals in the UK and occupy around two thirds of hospital beds at any one time. The NHS is currently in crisis, having experienced continued pressure since the COVID pandemic. The challenge of meeting rising demand for healthcare in an economic environment of increasing costs and workforce shortages has plagued successive governments. In this context, the role of the BGS is more vital than ever, to lobby for health and social care services to be designed to meet the needs of the ageing population and to help ensure that the right people with the right skills are in place to ensure that older people can access the care they need, where and when they need As we illustrate below, the trustees have had regard to the Charity Commission's guidance on public benefit when reviewing the Society's aims and objectives, overseeing the delivery of the service activities which flow from them, and planning its future activities: National, regional. and special interest meetings Our meetings are explicitly intended to improve patient care. They provide demonstrable benefit by improving the knowledge and skills of geriatricians and other healthcare professionals caring for older people, whether in NHS hospitals, in primary care settings or in
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 the community. Each year the Society holds two major national conferences which provide Society members and other healthcare professionals with the opportunity to share their research and clinical best practice. All submitted abstracts are subject to rigorous peer review prior to acceptance as either platform presentations or posters. The meetings provide a forum for Continuing Professional Development (CPD), which follows a five-year cycle to ensure that all pertinent clinical topics within the specialty of geriatric medicine are regularly examined. Included in the meetings are guest lectures and sessions presented by the Society's Special Interest Groups {SIGs). In addition to the national conferences, regional meetings and specialist conferences are held to address topical andlor sub-specialty issues. Some of these are undertaken through partnership working with other specialist societies and charitable organisations. Publication of research and clinical guidance The Society publishes best prartice statements, guidance on clinical quality, tools, and resources, which are freely available on its website. This information is widely used as a source of authoritative guidance for healthcare professionals and lay people alike, Through the expertise of our 16 Special Interest Groups covering a wide range of topics related to geriatric medicine, we keep these sOurCeS up to date in order to meet the needs of our members and others with an interest in current developments and evidence on the healthcare of older people. Healthcare professionals in the UK and across the world benefit from peer-reviewed scientific papers, which the BGS publishes in its official joumal, Age and Ageing. The journal is published in a hybrid format by Oxford University Press, which means authors have the option of an Open Access license (free to read immediately) or a standard license (subscriber-only for 12 months, then free)- Currently 510/0 of content is published Open Access and the rest IS available online to the Society's members as part of their membership package, and also to paid subscribers. The journal is fully compliant with the Research Councils UK and the Wellcome Trust Open Access policies and belongs to major national and international Read & Publish Agreements, including the Joint Information Systems Committee IJISC), which covers most UK universities. In addition, we also grant a free access waiver to a number of key papers to allow the clinical community to have immediate free access to important work which might influence practice. Age and Ageing has a worldwide reputation for publishing refereed original articles and commissioned reviews on geriatric medicine and gerontology. It has become increasingly influential among geriatrics and gerontology publications. Promotion of research, education, and training Providing high-quality healthcare to older people with complex health needs relies upon keeping abreast of latest evidence regarding prevention, treatment, and care, and indeed adding to that evidence base. The promotion of academic and research artivity in relation to older people and the translation of findings into clinical prartice is one of the Society's core aims. The Society delivers much of its education and training through scientific meetings. Following the COVID-19 pandemic, the BGS has strengthened its online offer. Our events are now all available for vi rtual participation, which has enabled busy healthcare professionals to have ready access to high-quality content, live and after the event. The Society supports the education and training of those members who may not be able to afford to attend our conferences through a system of free places for our national conferences. Since 2019, we have run a Fellowship scheme with Vivensa Foundation (formerly Dunhill Medical Trust), which provides full funding for one doctoral training Fellowship per year. Applicants, research topics must be clinically relevant to the care of older people and there is a rigorous competitive process for this prestigious award. We are embarking on a further partnership with Vivensa to support undergraduates to gain
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 experience of research into ageing through 6-week placements in university departments. Providing expert input into policy relevant to the care of older people The Society aims to provide expert input to the development of policy at a national level within the four nations of the UK. The Society provides comment, responses, and information to a variety of agencies including Government and parliamentary bodies, N HS England and its equivalents in the other nations, the Department of Health and Care in each of the four countries of the United Kingdom, the National Institute for Health and Care Excellence (NICE), the Care Quality Commission and other professional bodies. Senior officers represent the Society's positions in print and media. The Society has an active social media presence including a BGS blog, X accounts for the Society and for Age and Ageing, a Facebook page and Linkedln pages. HIEVEMENT AND PERF RMAN Our strategic planning cycle The BGS has adopted a fixed, three-year planning cycle. For each year of the strategic plan, strategic objectives are flowed through into annual operational plans, and from there to committee workplans and individual staff members, objectives so that Vice-Presidents and their committees and the staff team are aware of their specific contribution in achieving the organisation's strategic objectives. The annual operational plan and accompanying annual budget are presented to the Trustee Board for approval before the start of each year and reported against at quarterly Trustee Board meetings. Strategic Plan 2023/26 BGS members approved a Strategic Plan for the three years from l April 2023 to 31 March 2026 at the AGM in November 2022. The Strategy set out five objectives in pursuit of the Society's mission to improve healthcare for older people. These are.. l. Clinical quality and professional practice To promote high standards of clinical quality in the healthcare of older people by developing knowledge and improving practice. Intended outcome.. By 2026, we will have contributed to the delivery of better healthcare for older people across all care settings by developing and sharing tools, gu idance and examples which enable healthcare professionals to improve their practice. 2. Workforce - To support recruitment, retention and development initiatives that increase numbers of specialists in the care of older people and help existing staff to have the appropriate skills and support to deliver good care for older people in the right place at the right time. Intended outcome.. By 2026, we will have worked with others to address the workforce crisis by helping to increase the size and skill base of the specialist workforce delivering care for older people, and by contributing to action on the workforce needed to provide care to an ageing population. 3. Education and professional development - To support continuing professional development of those specialising and working in healthcare of older people. Intended outcome.. By 2026, we will have enhanced the BGS educational offering for
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 multidisciplinary professionals working in older people's healthcare across different care settings, providing a range of meetings and learning opportunities to enable their continuing professional development. 4. Policy and communications - To influence the decisions, programmes and implementation of policymakers, commissioners, system partners and health professionals relating to older people's healthcare across the UK. Intended outcome.. By 2026, we will have increased our profile and voice, and will be successfully influencing the development, design and implementation of national and regional programmes and policy for older people's healthcare. 5. Research and evidence - To promote research into older people's health and healthcare, and the application of evidence-based knowledge to clinical practice across the continuum of care. Intended outcome.. By 2026, we will have strengthened research opportunities, skills and impact through our research community and through the reputation and reach of our journal, Age and Ageing. The Strategic Plan 23/26 affirms some key principles in the way the BGS works across all professions concerned with the healthcare of older people, across the four countrie5 of the UK and across all care settings. It sets out values that inform how we work.. we aim to be person- centred, inclusive, collaborative and proartive. The Plan also sets out how we will deliver our objertives over the three-year period: through BGS members and the staff team, by increasing and diversifying our income and making OLJr money work harder, by strengthening our governance, by modernising our infrastructure and by reviewing progress and adapting to the changing context. 24-25 Context This has been another challenging year for the NHS across the four countries of the UK. A new Labour government won the July 2024 election. In England, the incoming Secretary of State for Health and Social Care, Wes Streeting, immediately commissioned a review of the NHS, which was led by Lord Darzi. While commenting on the impressive commitment of staff, the report's hard-hitting message was that the NHS was broken and needed significant reform. The Darzi Review set the scene for a NHS Ten Year Plan, which will be published in June 2025. While governments across the four countries sought to strengthen care c105er to home by investment in community and primary care services, there remained major problems of overcrowding in emergency departments and hospital beds. The BGS sounded the alarm again about the risk to older people's health and wellbeing of long waits on arrival in hospitals, sub- standard care and deconditioning arising from prolonged hospital stays, particularly during the prolonged period of winter pressures. 'Corridor care, appeared to be normalised, a situation highly detrimental to the most vulnerable, including older people, and far from the standard of care NHS professionals would wish to provide. Discussion of palliative and end of life care achieved new prominence in 2024/25, thanks to the debate surrounding a Private Member's Bill on Assisted Dying, with similar moves towards Possible legislation in Scotland. The BGS published an updated position statement reaffirming our opposition to assisted dying. Our statement was Cited by many, though the BGS was not called to give evidence. Meanwhile the BGS President was appointed as a Commissioner for the Palliative and End of Life Care, and various BGS members spoke as witnesses. The BGS has been actively campaigning for better public and professional Ljnderstanding around end of life. Nearly 700/0 of the 670,000 people who die in the UK each year are over 75, and the majority of these do not have specialist palliative care but are supported at the end of life by specialists
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 in older people's care and generalist staff. There is a long way to go in ensuring that everyone has access to honest conversations and supportive, compassionate care at the end of life. The BGS convened a roundtable event in June 24 for senior leaders in the NHS, Royal Colleges, charities and thinktanks, highlighting the need for a policy focus on older people as the group who use healthcare services the most, and the need for preparation for an ageing population. Sir Chris Whitty reiterated the themes from his 2023 Chief Medical Officer's report, stressing the gains that could be made in terms of healthy longevity. The BGS feels there is indeed greater recognition of the importance of meeting the complex needs of older people with frailty, dementia and long-term conditions. We have been encouraged by the plans and early implementation at national and regional level of integrated strategies which reflect the age-attuned care we described in the BGS Blueprint.. Joining the Dots. Nevertheless, the workforce is thinly stretched and there are too many examples of older people suffering avoidable harms due to delays, fragmentation or duplication in parts of the system. Against this challenging backdrop, BGS members continued to demonstrate their commitment to providing the best care they could for older people, The BGS is extremely proud of the dedication of its multidisciplinary members working in acute, primary ènd community care. Membership number5 continued to rise past 5300 during 2024125, consisting of 4800 fee paying members and a further 500 retired and non-contributory members. We have seen growth in membership from all professions. The sense of community is as strong as ever, helped by a series of excellent national meetings and active contributions by more than 500 committee members and officers. The BGS has continued to be visible and assertive, with senior leaders invited to speak at key NHS meetings, party conferences and in media appearances. Strong stakeholder relationships with the Royal College of Emergency Medicine in particular have provided opportunities to highlight the need for front door frailty services and the risks to older people of long waits in emergency departments. We continue to bui Id on the BG5 Blueprint summary of what good care for older people should look like, published in March 2023, with reports on rehabilitation and proactive care. We have established a group of frontrunners from Integrated Care Systems (Icssl in England who are implementing integrated approaches to care for older people with frailty and multimorbidity, and over the next year will be sharing learning from their experience in practical forms for the benefit of other regions across all four countries. BGS members, and in particular honorary office bearers, namely, the trustees, deputies, Vice Presidents, Council and committee members, and the officers of our Special Interest Groups, regions, nations and jou rnal, continue to contribute a huge amount to our mission. We are very grateful for their voluntary efforts, particularly given the other demands on them. They lead and deliver much of the detailed work carried out by the Society, and we are deeply indebted to them for finding the time and energy to contribute their expertise to improving healthcare for older people across the UK through the work of the BGS. While this is a huge asset, restrictions on study leave, study budgets and external commitments have made it even harder for them to devote time to the BGS this year. Professor Adam Gordon completed his term as BGS President in November 2024 and handed over to Professor Jugdeep Dhesi. continuing the BGS tradition of highly visible, articulate leadership speaking up for older people's care. The BGS staff team stabilised at 16 people during 2024125, with the extra capacity for events, digital learning, policy, marketing and finance helping to increase our output. The staff team proudly supports the BGS'S membership, which stands at its highest ever level. Geographically, BGS'S principal focus is the UK, and maintaining genuine UK-wide reach remains one of our core concerns, particularly as health is a devolved responsibility and health and social care services therefore vary between England, Scotland, Wales, and Northern Ireland. We value the different perspectives of our members from across the UK and benefit from cross-country comparisons and shared learning.
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The BGS has overseas members and its website resources are accessed by health professionals from across the globe. We continue to welcome delegates from many countries to BGS events online and in-person, and to host delegations and visitors. The Editorial Board of Age and Ageing has members from all over the world, reflecting the international nature of the journal. Performance against strategic objectives In the rest of this section the Trustees describe achievements during 2024125 against the Society'5 Strategic objectives. Objective I: Clinical quality and professional practice - 'To promote high standards of clinical quality in the healthcare of older people by developing knowledge and improving practice, One of the crucial roles played by the Society is to enable those working with older people to have access to information, resources, and expertise on good practice across the span of older people's healthcare needs. The Vice President for Clinical Quality oversees the Clinical Quality Committee (CQ Committee) and the Society's work in promoting high standards of clinical quality. During 24/25, Dr Tom Bartlett (Vice President for Clinical Qual ity) and colleagues focused on improving the BGS'S relationship with NICE. The programme leads at NICE are open to a more strategic focus on the implications of their guidelines for older people, and this has opened the door to greater involvement by the BGS at an earlier stage of developi ng their recommendations. Relationships with benchmarking/audit bodies such as Get It Right First Time (GIR) and NHS Benchmarking offer the chance for strategic influence and we continue to develop those. The curation and re-development of our resources on Comprehensive Geriatrics Assessment (CGA) took place this year, with a view to publishing in May 2025. This should help re- establish BGS as the go-to place for resources and information on thi5 Vital tool. The BGS has 16 Special Interest Groups (SIGS) serving as the Society's source of clinical innovation, articulating and maintaining high standards of clinical care, and disseminating specialist knowledge. Meetings of the Chairs of the SIGS, convened by our SIG lead, enable them to share challenges, successes and ideas, and highlight the range of ways in which their expertise informs BGS policy positions. It also feeds into reports and meetings from other specialties, ensuring that the different needs of older people with frailty, dementia and long-term conditions are propedy reflected. During 2024125, we held one-day conferences with the Cardiology, Falls and Bones, Movement Disorders and POPS 51Gs. The Sarcopenia and Frailty Research SIG organised a series of three 3 succe55ful webinars, with a final one due i n June 2025. For the BGS Spring Conference 2024, the Dementia and Nutrition SIGS and Bladder and Bowel SIGS organised parallel all-day sessions on the first day. For the remainder of the conference, the Medicines Optimisation, Ethics and Law, and Cardiology SIGS contributed to the sessions. At the BGS Autumn Conference 2024, the Dementia, Delirium, and Brain Health SIG and the Movement Disorder SIG contributed to sessions. Members of the End of Life Care SIG were highly active, responding to reports and attending external meetings on behalf of the BGS, including the Commission, an Inquiry established by the Health and Care Select Committee and NHSE events. The Ethics and Law SIG Chairs formed a committee to review and update the BGS position on Assisted Dying. 10
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The Community and Primary Care Group, which formed in 2022, planned and held a full day of sessions on Community Care for older people at the BGS Autumn meeting in November 2024, which has led to some excellent engagement with leaders of community initiatives. The BGS has 90 pharmacists in membership who formed a committee and meet four times a year. This group is very active; they have contributed to BGS conference sessions, to information on the BGS website and to external reports. They collaborate with the Medicines Optimisation SIG on important issues such as deprescribing. The CQ Committee held clinical quality sessions at the BGS national conferences. The top- marked abstratts were delivered as platfom) presentations. The Committee continues to promote QI practice and abstratt-writing and to showcase good examples. The BGS responded to the following consultations: I ) NICE decision aid on stable angina Stakeholder review- Cardiology SIG 2) ICENI (Improving care in elderly neu rosurgery initiative working group) chronic subdural haematoma (CSDH) consensus guideline - Peri-operative Care SIG 3) Non-ambulatory Fragility Fracture (NAFF) Pathway, GIR- Falls and Bones SIG. 4} NHSE ICB Delivering Acute Neurology Services - standards and outcomes-based acute neurology service commissioning guidance -movement Disorder SIG 5) NICE draft guideline consultation Falls- assessment and prevention in older people and people 50 and over at higher risk (update) -Falls and Bones SIG. Objective 2: Workforce - 'To support recruitment, retention and development initiatives that increase numbers of specialists in the care of older people and help existing staff to have the appropriate skills and support to deliver good care for older people in the right place at the right time. Workforce pressures continue to plague the NHS and older people's healthcare. There are not enoLJgh people with the skills needed to care for an ageing population with increasingly complex needs. Following the election of Dr Amit Arora as President Elect, Dr Claire Copeland was appointed to take over from Dr Arora as Vice President for Workforce. In autumn 2024, we launched the #ChooseGeriatrics campaign which celebrates the variety and rewards of working in older people's healthcare. This campaign aims to address some of the challenges of recruitment, including the bottlenecks faced by trainee doctors. The campaign also tells uplifting stories of careers in geriatric medicine and shares why people chose geriatrics. We currently have 152 #ChooseGeriatrics ambassadors who have committed to sharing their stories or representing BGS at a careers fair or similar. We have published the report from a survey of Training Programme Directors (TPDS), outlining the challenges faced in recruitment locally and solutions that TPDS have come up with. This report was presented as a poster at the BGS spring meeting in 2024. Having been continually frustrated by the lack of data regarding nurses and allied health professionals working with older people, we requested this data from NHS England through the Freedom of Information Act. This data was provided to us and, despite having significant concerns about the quality of the data, we published a report about it, highlighting the need for more nurses and AHPS in older people's healthcare and more consistent data about them. We are keen to secure data from the other countries to strengthen our call for recruitment, retention and support of the multidisciplinary workforce caring for older people.
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 There has been very little progress on the NHS Long Term Workforce Plan published in 2023. We expect a refreshed version of the plan to be published later this year. We continue to campaign for recognition of the workforce caring for older people, who are the group who use NHS services the most. The g rowth of Advanced Clinical Practitioner roles, the recognition that older people's care cannot rely on specialists alone and the provision for Less than Full Time working arrangements are all examples of ways in which workforce shortages are being overcome. Objective 3: Education and professional development - 'To support Continuing professional development of those specialising and working in healthcare of older people and to influence their training and education. The Vice President for Education and Training oversees the BGS'S education and professional development work. Dr lain Wilkinson took over as Vice-President for Education and Training. The remit includes ensuring geriatric medicine training for doctors is delivered through the appropriate curriculum and supported by accessible learning opportunities in the form of meetings, e-learning and other resources. Our increasingly ageing population requires a larger number of geriatricians. The BGS has set out a recommended undergraduate medical school curriculum to ensure future doctors have a comprehensive understanding of older people's specific healthcare needs. While promoting the recruitment, retention and development of trainee doctors, the Education and Training Committee's remit also involves professional development for the wider multidisciplinary team. The BGS has a reputation for del ivering high-quality educational meetings. We continued these in 2024125 as hybrid meetings, with delegates able to attend in person or online on the day. Aiming for relevant, attractive content and excellent speakers, the meetings provided clinical education, research updates and service delivery based upon a rolling Continuing Professional Development (CPD) calendar and curricula for those specialising in older people's healthcare. In 2024125, the main meetings we delivered were our Spring and Autumn three-day conferences plus 4 stand-alone SIG conferences. In total we ran 16 hybrid meetings, and seven online webinars for Trainees, Nurses and AHPS and wider audiences such as medical students. We a150 ran a dedicated event for those in early-stage careers to consider the specialty, Geriatrics 4 Juniors. We reached a total of 7687 delegates, up from 6510 registrations the previous year. As healthcare professionals, ability to attend specific days decreases with work pressures, on-demand viewing means that people continued to register and watch this content after the live events. These hybrid and virtual meetings received overwhelmingly positive feedback. While we aim to ensure the substantial BGS events offer continues to deliver an excellent delegate experience, with a hybrid format as standard for the main meetings and virtual delivery of webinars and other learning opportunities, there remain challenges. During 2024125, access to delegates, study leave and study budgets continued to be restricted, as in previou5 years. BGS members and other would-be delegates reported a decrease in study budgets, and many experienced freezes or caps on spending their budget. These restrictions were also compounded by workforce pressures and industrial action in the NHS, making it harder for people to attend live on the day. The BGS continued to offer e-learning modules, on Frailty identification and intervention, and adding two more on OncoGeriatrics and Delirium. We prepared another module, Continence in older people, for launch in late spring 2025. In partnership with NHS England, the BGS agreed to continue to provide free access to the Frailty eLearning module for all NHS and social care staff. The module now has 11,487 learners, up from 5541 last year. The completion rate as of March 2025 stood at 250/0. The 2024 Perioperative care of older people e-learning module (POPS) course is being reviewed by the SIG so that it can be given a major update and relaunch with current best practice information. There are over 15,000 sign-ups to these modules and over 20,000 CPD credit5 have been earned. 12
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The BGS continued to collaborate with the Royal College of Physicians London (RCPL) on the Diploma in Geriatric Medicine (DGM), promoting this to a wider audience including nurses, allied health professionals, physician associates and other healthcare professionals. We signed a further five-year agreement on delivery of the DGM with RCPL, which is positive, though numbers remain stubbornly at the same level for the written exam year on year. We continue to collaborate with the Federation of Royal Colleges in the delivery of the Specialty Certificate Examination (SCE) in geriatric medicine. This has now moved to a nine-monthly rather than a yearly cycle. The BGS is contributing to the development of a European exam based on the UK SCE, which will see its first pilot in late April 2025. Objective 4 Policy and communications - 'To influence the decisionsi programmes and implementation of policymakers, commissioners, system partners and health professionals relating to older people's healthcare across the UK. During 2024/25, BGS continued to increase its voice and profile in the policy world, including meeting with more politicians and ensuring that we are represented in relevant groups and committees. Our policy work is led by the Honorary Secretary, Dr Ruth Law, supported by the Deputy Honorary Secretary. The President and President Elect are also closely involved in our policy work, representing the BGS in high-level meetings and media opportunities. During our Spring Meeting in May 2024. the then Prime Minister announced a general election to be held in summer, earlier than previously predicted. We announced our asks of parties contesting the election during the policy breakfast the following day and then published our election manifesto the following week. We engaged with the new Government Shortly after the election by attending the Labour Party conference. Our President participated in a panel discussion on end of life care with Ashley Dalton MP, one of the Secretary of State's Parliamentary Private Secretaries. We also hosted a roundtable discussion with the Royal College of Emergency Medicine and the Royal College of Psychiatrists, which was attended by Dr Zubir Ahmed MP, another Parliamentary Private Secretary. We have since followed up with Dr Ahmed and had a one-to-one meeting with him in late 2024. We also met with the Minister for Health for Scotland to discuss the BGS Blueprint, Joining the Dots, and other issues associated with older people's healthcare in Scotland. In summer 2024, we hosted a private roundtable event with Professor Sir Chris Whitty and Professor Sir Steve Powis to discuss how the ambitions set out in Professor Whitty's 2023 report should be achieved, using the principles set out in Joining the Dots. This event brought together leaders from across health and social care to discuss how to care for the ageing population. We published a report as a result of the event and plan to host a follow-up event in autumn 2025. Following the publication of Joining the Dots in 2023, in 2024 we published reports focused on two of the 'touchpoints' outlined. First, we published Reablement, Rehabilitation, Recovery which looks at the evidence behind rehabilitation services for older people and highlights examples of best practice. Following this, we published two reports about proactive care. One set out the evidence for proactive care in older people and the second set out how to deliver proactive care in a primary care setting. The BGS Ethics and Law SIG convened a working group to update our position on assisted dying. The updated position statement was published in October 2024 and retained our POSltion of being opposed to assisted dying. We have engaged in the parliamentary proce55 around assisted dying including providing written evidence to the committees considering the 13
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 issue in both Westminster and the Scottish Parliament. An amendment to the Westminster bill was tabled based on our written evidence. We provided a briefing to the MP concerned and the amendment was passed. The public debate around assisted dying has skewed the debate about death and dying. We have set out to remind the public and decision makers that most people die in old age, with multiple long term conditions. Our President was appointed as a commissioner on the Palliative and End of Life Commission and we have submitted evidence to the Health and Social Care Select Committee Expert Panel considering this issue. We have also published the ffirst of a series of key messages focusing on end of life care. Our members continue to be under extreme pressure, especially during the winter months. We published the third version of our winter statement highlighting our concerns. This statement was supported by 23 other organisations and called on the new Government to make long term changes that would make a difference to older people. We also published 12 tips to help our members improve their services over the winter months. The BGS'S media profile continued to grow during 24125. Over the course of the year 1,208 articles were published mentioning BGS or our journal, Age and Ageing, with key coverage including Professor Jugdeep Dhesi being interviewed on BBC Breakfast, 4 pieces in the Telegraph online, 3 pieces in The Times Online, 3 pieces in iNews as well as many pieces in Nature, The BMJ and Dove Press for Age and Ageing. We have continued to have a high-profile X presence, with over 37.2k followers as well as growing our Linkedln page to 3.lk and Facebook followers to 2.3k. The following news storiesi press releases and statements were published: 03.04.25 - BGS welcomes new National Clinical Director 02.05.24 - Professor Roy Soiza announced as new Editor-in-chief of Age and Ageing 15.05.24 - BGS report finds lack of rehabilitation hinders older people's recovery from illness 22.05.24 - Dr Liam Barrett awarded 2024 BGSIDunhill Medical Trust Doctoral Fellowship 15.06.24 - Professor Adam Gordon awarded MBE in King's Birthday Honours 18.06.24 - His Majesty King Charles III remains patron of the BGS 18.07.24 - BGS, RCPE and RCPL call on Lord Darzi to prioritise older people's care 22.07.24 - BGS roundtable calls for transformation of older people's care 29.07.24 - Dr Amit Arora, creator of world-renowned reconditioning campaigns, to become next BGS President Elert 01.08.24- New Delirium elearning course 02.08.24 - BGS Age and Ageing increases rank in the Geriatrics and Gerontology category 08.08.24 - Lyndsey Dunn announced as Chair of the BGS Nurse and AHPS Council 27.08.24 - Joint statement.. 'Hospital at Home, not 'virtual wards, 29.08.24 - Dr Firdaus Hirii Adenwalla announced as winner of the Mariory Warren Lifetime Achievement Award 2024 30.08.24 - BGS responds to MHRA'S approval of Lecanemab for early stages of Alzheimer's disease 03.09.24 - BGS Rising Star Awards 2024.. Open for applications 10.09.24 - Dr Claire Copeland announced as new BGS Vice President Workforce 12.09.24 - BGS responds to Darzi Review 26.09.24 - BGS launches #ChooseGeriatrics 25.09.25 - Dr lain Wil kinson announced as new BGS Vice President Education and Training 25.09.24 - BGS responds to reports of Ageing Well cuts 14
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 15.10.24- BGS Annual General Meeting (AGM) 2024 24.10.24 - BGS issues stark warning to the new government ahead of winter 30. 10. 24 - BGS publishes evidence in support of proactive care for older people 06. 11. 24 - Opportunity for healthcare professionals working with older people to apply for the Diploma in Geriatric Medicine 07. 11. 25 - New BGS Oncogeriatrics elearning course 08. 11. 24 - BGS issues updated position statement on Assisted Dying 14. 11. 24 - BGS publishes recommendations on how to deliver proactive care 15. 11. 24 - Angela Conlan wins 2024 BGS Special Medal for her creative work with older people 28.11.24 - BGS welcomes new President and President Elect 04.12.24 - Professor Ken Rockwood wins 2024 BGS President's Medal 13. 12. 24 - BGS and Dunhill Medical Trust announce Doctoral Training Fellowship for 2025 12.12.24 - BGS publishes #ChooseGeriatrics-themed 12 Days of Christmas 19.12.24 - BGS announces Rising Star Award Winners for 2024 01.01. 25 Joe Wicks encourages older people to get active in preparation for surgery 03.02,25 - BGS responds to the government's announcement of a social care commission 14.01. 25 - Prestigious Dhole-Eddlestone Memorial Prize 8warded to study on deprescribing blood pressure treatments in older adult5 Wlth dementia 22.01. 25 - BGS statement on the healthcare sector providing care in corridors 31.01.25 The BGS pushes to provide oral evidence to Assisted Dying committee 21.02.25 - BGS condemns MRCP{UK) Part 2 results error 25.02. 25 - BGS welcomes amendment to assisted dying bill that will safeguard older people with frailty 28.3. 25 - BGS publishes report on workforce data for nurses and allied health professionals working in older people's healthcare To adapt to the changing needs of our members and users, the BGS website was fully redeveloped and relaunched in February 2025. The new website offers a much more powerful and intuitive interface to help healthcare professionals to access the most relevant and current information, which was identified as an area for improvement in initial user experience research. It also include5 new features such as bookmarking, a 'portals' area bringing together curated content on specific topics, and gamified profile completion to incentivise users to keep their personal information up-to-date. This update also provides an upgrade to our content management system (CMS) from Drupal 7 to Drupal 10, allowing more secure integration with our Customer Relationship Management (CRM) database, improving the member journey and facilitating easier membership sign-up. It provides a smarter and more powerful system on which to run our online/hybrid events, poster submissions, elearning and other activities that the Society is increasingly delivering digitally. Some of the most frequently accessed areas of the website during 24/25 include our elearning modules, our End of Life Care in Frailty resource series, the Silver Book 11 and our 2023 report on Front Door Frailty. New pages which have seen the highest number of visitors include ou r frailty language guide, written in 2024, and our recent reports on rehabilitation and proactive care. The BGS member magazine, AGENDA, is published in hard copy format and sent to all BGS members every two months. Each issue is themed on a topic relevant to healthcare professionals working with older people, and in 24/25 these included cognitive and mental health, rehabilitation, proactive care and the charity sector. The magazine also provides updates on BGS activities, including reports, policy developments and clinical updates. 15
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 Objective 5: Research and evidence - 'To promote research into older people's health and healthcare, and the application of evidence-based knowledge to clinical practice across the continuum of care.. The Vice President for Research and Academic Affairs oversees the Society's work to promote, enable, support, and communicate research which can ultimately improve the care of older people. Professor Miles Witham leads this work, supported by the Research and Academic Development Committee (RADC). BGS 15 in a key p051tion to ensure that the voice of clinicians is heard in setting research agendas. In particular, the BGS Special Interest Groups {SIGs) comprise large groups of experts who can contribute insights into what questions research should address, and how these questions should be addressed. The SIGS help to answer these questions and to ensure that new research evidence about ageing and older people's care are taken up rapidly into practice. The SIGS were asked for PICOS in July 2024 and 3 were submitted. The RADC will also develop a pandemic research response strategic plan to delineate what key components of an effective research response for older people need to be in place. The nucleus of a working group is coming together for a first meeting of this group. In partnership with workforce committee colleagues, they will develop guidance and examples for the allocation of job plan time for research with older people. The research and clinical quality committees adjudicated the abstract submissions for the BGS national meetings. In autumn 2024, we had 13 platform presentations, 10 President's round presentations and 129 posters. Planning has been underway during 24125 for a submitted research symposium slot at the BGS Autumn Meeting. It is hoped that this will allow showcasing of large, impactful, programmatic research which is likely to be of major interest to BGS members and is in many cases likely to change practice. The BGS jointly funds PhD Fellowships with Dunhill Medical Trust (now renamed Vivensa). Th BGS Board agreed to continue this funding partnership for a further 3 PhD Fellowship5 from 2025 onwards, with the next successful Fellow being announced at the Spring Meeting 2026. We a150 agreed to collaborate with Dunhill/Vivensa on a pilot scheme for undergraduates. Host institutions such as university departments will be funded to offer six-week placements in ageing research to give students from different courses exposure to academic work focused on issues relevant to the care of older people. The scheme was announced at the BGS Spring conference 2025. The BGS'S high-impatt journal, Age and Ageing, is published in monthly online issues, with occasional supplementary issues (including the WHO Measurements of Health A ein supplement) and special themed collections throughout the year. The journal website and submission process offer a high-quality reader experience and a modern and attractive offering to authors. Professor Roy Soiza succeeded Professor Rowan Harwood as Editor in Chief in June 2024 and has overseen a smooth transition. He has developed an Editorial Strategy with a focus on growth in impact and the retention of our strong reputation and standing as a society journal. The team of Associate Editors and Senior Editors, with the Deputy Editor and Editor in Chief now numbers 42. We give regular consideration to recruitment needs in order to maintain a team of this size, to ensure diversity of expertise and geographic repSentatiOn, and to meet the challenges of an ever-increasing workload. Editorial processes and administration are supported by tools and training to protect against the potential risks of fraud. Regular analysis of the Journal's financial position and connections with professional networks help to keep us 16
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 abreast of changes and trends in the funding environments. Our current position as a hybrid journal remains strong and gives us access to the widest and growing number of Read and Publish (R&P) agreements for the funding of authors wishing to opt for an Open Access licence, and retaining the option of a free standard licence for authors without funding. The editorial process continues to perform well and we benefit from a high and growing submission rate. In the period l April 2024 to 3 1 March 25, the journal received 3,150 submissions, which is a 320/0 increase on last year, and accepted 307 for publication, which is a 160/0 increase on last year. The maintenance of this low acceptance rate reflerts the continued high quality of journal content. The increased output is good for income and as an indicator of good reputation, but recruitment and careful succession planning are needed to ensure sustainability of our editorial and production capacity. The impact of the journal can be measured by the following metrics: Journal Impact Factor is scoted annually and in 2024 rose to 7.1. Age and Ageing rtmains a high-ranking (QI) journal and is 5/73in the Geriatrics and Gerontology category and within this is the hifhest ranking clinical geriatrics journal. The usage rate in this period remains static at was 2.5 million article downloads, which is the same as recorded last year. Subscriptions are agreed annually, and at the end of 2024 we had 8,092 subscriptions, an increase due to new Read & PLJblish agreements opening in South America. Open Access uptake remains at 5 10/0 in the reporting period. This results in a healthy additional income stream and is a good indicator for future financial sustainability. Journal income, as reflected in the 2024 financial report, was £596,910. Expenditure was £ 143,366, resulting in profit to the BGS of £453,544 (before salary and overheads). After a thorough consultation and benchmarking process, the 2024-27 Publishing Agreement has been finalised with OUP. The Editorial Executive developed a strategy for Open Access and potential future publishing models. We remain in a strong posltion as a hybrid journal and are monitoring the triggers that would indicate that it is time to transition (flip) to a fully Open Access publishing model. The new Publishing Agreement is adaptable for that eventuality. Delivering the Strategic Plan a. Membership During 2024125 we continued to surpass our 5,000 membership target and at the highest point of the year, achieved a record 5,300 members. Our membership continues to grow across all membership categories, in particular the category of membership for nurses and AHP. As a multidisciplinary Society, it is vital that we welcome all healthcare professionals involved in the care of older people come together to achieve our mission. The expansion of the elearning courses and events has driven the growth of our membership. Existing and new members can identify the member value in our educational content and resources, and this is evident in the membership signups. Our members join the Society and usually thereafter sign up to an elearning course as these are free for members of the Society. Or they register to attend an event which is discounted to members of the Society. With the new microlearning offer in 2025, we will only see an increase in our membership, as this is another useful free member benefit. Other than elearning and events, we have aided recruitment and retention through our
ChooseGeriatrics campaign. We have had over 150 enthusiastic members signing up to
17
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 become ambassadors. They, along with many other members and professionals have been able to highlight the diversity and flexibility of roles across the multidisciplinary team. This helps people wishing to specialise in older people's healthcare to access the information they need to start on this journey and become part of the strong community providing high-quality care for older people. We continue to attend as many career fairs and external healthcare events as possible to reach those in their early years of study and career to provide an insight of geriatrics. b. Inclusion and sustainability The BGS has a sustainability policy and is a member of the UK Health Alliance on Climate Change. supporting their campaigns about sustainable healthcare and reduction of wastage. We aim to ensure the way we deliver our meetings and run the organisation is as green as possible. Professor Rowan Harwood is now our BGS Sustainability Lead, working alongside Florence Wedmore, our Trainees Council representative. The BGS Equality, Diversity and Inclusion Group met regularly, working to develop an approach to EDI across the BGS'S activities and to advocate externally against ageism which is pervasive within healthcare. Members of the EDI Group have been involved in a collaboration with RCGP which will produce a Core20Plus5 framework for older people, offering a strurtured approach to addressing the inequalities experienced by older people in accessing and using healthcare. c. Overview of achievements The BGS produced an infographic in March 2025, which gives an overview of achievements during 2024125. 18
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 6th BGSIDunhill PhD Fellowship awarded to research proje<t orb the effett of ageinK and blood thlnr event Alnded by 25 senior campaign launched. celebrating the variety and reward5 of career5 in older people's healthcare 37k on er 7,687 delegates Posltion on a5515te dying updated. Input to Palliative and End of Lifecommiswon and Ir4uiry. 163
Choose
ambassadors attended BGS evenrs and webinars A total of 5,310 67 2.6 million blogs published Age and Ageing article downloads BGS members spanningk 11 four UK nations and across the entire muliidisciplinary team Reports publlsh•d New website launched Proactive care Nurse & AHP workforce BGS Presidenc Prof Jugdeep Dhesl Reablernent. rehabilitation and recovery BGS roundt3ble evenr aPPEared BBC 18k members of our Special Interest Groups ISIGs1 Hi8he5t ranking '.thical geriatrics journal abstracts submitted for our Autumn Meeting... .the highest number in 30% 18 years 126 overall membership increase over the last S years free places awarded ¢0 enable member5 to attend BGS event5 CPD hours awarded through our elearning courses Iree In FY affld preceptorship nurse and AWP 19
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 FINANCIAL REVIEW Results for the year Total income for 2024125 was £1,844,874 (2023124.. £1,789,463) and expenditure was £2,337,435 (2023124= £2,064, 136). The Society achieved an overall deficit before net losses on investments of £492,561 (2023/24- £274,673 deficit). Book losses on investments were £89,145 {2023/24- £331,318 gains). Analysis of income 2025 2024 Donations Membership subscriptions Professional development & events Age & Ageing journal Education and research other Investments 2,664 658,810 353 36 580,308 35 652,669 36 599,813 420,680 58,316 12,913 117 080 31 390,706 17,456 3,995 118 574 21 24 Total 1 844 874 1 789 463 The principal funding sources for the Society remain membership subscription5, professional development and events and the Surplus arising from the Age and Ageing Journal. The Society is pleased to have been able to increase its income from membership subscriptions by a combination of increased membership numbers and a small increase in the subscription rates from l January 2025. Income from professional development and events continue to be held in the hybrid online and in person format adopted in 2023. Operational expenditure increased as events and other business activity increases and the full complement of staffing is now in place. The Society achieved an overall deficit before net gains on investments of £492,561 (2023124: £274,673 deficit). An analysis of the Society's defficit is due to the following reasons. i). Staff costs are now 480/0 of total costs. During the year the Society made £48,476 of exceptional staff costs, see note 6 to the accounts. ii). Designated and Restricted expenditure is applied against historic funds built up over previous years, it is the intention to reduce the level held in these funds and therefore expenditure will exceed income until this is met. To this end the Society continues to support the DunhilllDhole Scholarships and £170,076 (2023124 £95,421) was committed in support of these scholarships. 20
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The analysis of the surpluses and deficits on the various funds which make up the Society's total deficit are as follows: 31 March 2025 31 March 2024 Desi nated deficit Unrestricted Ideficit)/surplus Restrirted deficit 1296,978) 164 737 1138,459) 115 013 Total Deficlt 492 561 274 673 Future financial plans In 2018119 the trustees agreed to use the MK Dhole Income Fund for a series of three Doctoral Fellowship Scholarships jointly with Dunhill Medical Trust. In 2021122 a second series of three Scholarships was agreed and during the year trustees increased this to four making seven scholarships in total. The Scholarship awards recognised are awarded and intended to be claimed over a three-year period. Scholarship payments are recognised in the year in which they are paid. The total amount recognised for these Scholarships to 3 1 March 2025 is £356,908. The total BGS share for grants awarded to date is £725,037, leaving £368,129 to be recognised in future years. The upgrade of the operating system of BGS website started in March 2024 and was completed in February 2025. Work to 3 1 March 2024 was reflected as Assets in Progress in the balance sheet where £30,320 had been capitalised (Note 10), this was transferred to Intangible Assets, 2025 Website costs, along with the further £137,404 of additions (Note I l). The work will now be amortised in line with the Society's amortisation policy over three years. The Society continues to develop its business model to allow delivery of events via the hybrid format and to extend its E-Learning offer. Allowing for this the Society expects to have an operational deficit, before investment gain5, of around £469,710 at 3 1 March 2026. The trustees have agreed that the Society is able to cover this potential add itional cost out of reserves without impacting on delivery of the Strategic Plan. Fundraising The Society does not currently undertake PLJblic fundraising activities but occasionally receives donations. Investment Policy The Memorandum and Articles of Association give the trustees the power to invest any surplus funds not immediately required by the Society in such investments, securities, or property as they think fit. The Trustees, policy has been to balance the requirement for capital growth of the endowment investments with maximising income for the Society. Investments are reviewed annually. The Society does not invest directly in any one individual company. All its investments are held in specialist multi-asset charity funds at CCLA and M&G investments. Both funds have ethical investment policies which seek to meet the needs of charities investing in them. The Society held listed investments of £3,431,501 at 31 March 2025 (2024.. £3,820,647). The total unrealised losses were £89, 145 (2024.. £331,3 18 gains). 21
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 Reserves Policy The reserves policy of the Society is to hold unrestricted reserves (excluding designated funds), to a level representing at least one year's unrestricted expenditure budgeted for the following year to ensure that it has an adequate buffer to protect against future uncertainties. Unrestricted reserves above this level, including the revaluation reserve, are available to further the Society's strategic objectives. The Trustees review the reserves of the Society as part of the budget-setting process to ensure they still meet the needs of the organisation and are sufficient to manage risks. The review involves an assessment of the income and expenditure streams, the Society's strategic objectives and the uncertainties it faces and the level of reserves. The Trustees have designated funds to identify those unrestricted funds which are earmarked for specific purposes and hence not freely available. The value of designated funds at 31 March 2025 was £1,191,680, (2024.. £1,117,731). Included in designated funds is £944,565, (2024.. £839,770} which is equal to the value of the Society's fixed assets. The Society finished 2025 with unrestricted reserves of £3,825,9 18 (2024.. £4,2 16,791) as analysed below. 31 March 2025 31 March 2024 Increase/ decrease Desi nated ex enditure 1 191 680 1 117 731 194 998 Required to cover budgeted unrestricted expenditure for the followin ear 1,534,656 1,866,918 (332,2621 (18) Available to further the Societ 's ob'ectives 1 099 582 1 232 142 260 731 (io) Total unrestricted funds 3 825 918 4 216 791 266 529 Arrangements for reviewing staff salaries The Society operates a spine point system which provides for automatic salary progression for each staff member until the top of the relevant scale is reached. Pay for all staff is reviewed every five years using an independent HR agency to benchmark BGS staff salaries with the external market and ensure the Society'5 pay levels are appropriate and competitive. A review was carried out in December 2021. Its recommendations were approved by Trustees and were implemented for all staff from l April 2022. The next review is due in 2026/27. To protect the value of salaries from erosion due to inflation, a discretionary universal cost of living percentage increase may be awarded from the beginning of each new financial year on I April and the spine points adjusted accordingly. Volunteers 22
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 The Society is reliant on the unpaid efforts of many of its members to achieve its objectives. These volunteers serve in many capacities (for example, as trustees, as officers of our regional committees, nation committees and Special Interest Groups,. on internal committees and external working parties,. as expert spokespeople, and as advisers on policy matters). They provide countless hours of work in furthering the charitable objectives of the Society without remuneration, and we are grateful and indebted to them for their tireless work. It is problematic to attribute an economic value for this important contribution to the Society's mission and it IS therefore not included in the statement of financial activities. Risk management The Trustees are aware of their responsibility to ensure that the major risks to which the charity is exposed are identified and to establish systems to manage those risks. The Trustees have a policy on risk management and have procedures in place to mitigate risks. The task of identifying and monitoring the mitigation of the risks faced by the Society is delegated to the Finance and General Purposes Committee (Finance Committee). The Finance Committee reviews the risk register every other meeting. The Trustees consider the recommendations from Finance Committee meetings, and review the full risk register once a year. The risk register identifies and assesses both internal and external business risks and has been continually refined since then. Forty risks have been identified, clustered under the following headings: Governance and management Income Services and impart Resource management Financial strategy and management Reputational risk Regulatory and legal obl igations Under a rolling review process, the Finance Committee considered key sections of the risk register at every other meeting during the year. Internal control risks are mitigated by planning, systems of authorisation, budgeting, employment of suitably qualified staff, and established processes to support and manage the performance of staff members. External risks are identified by staff, officers and trustees, and assessed at staff, Finance Committee and Trustee Board meetings as appropriate, and major risks are also addressed in the Society's periodic Strategic Reviews. The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary and that the Society has Systems and procedures in place that are appropriate to the Society's size and nature of operations. The most significant risks during 2024125 continued to relate to the pressure on the N HS workforce, making it more challenging for our members to engage with the BGS, attend educational meetings or take up roles within the Society. We sought to mitigate these risks by continuing to evolve our events offer to enable flexible participation in the major meetings online or on-demand, and by creating shorter education products such as microlearning which deliver CPD. The staff tearn provides as much support as it can to minimise the administrative load on committee and Board officers. Nevertheless it continues to be important to ensure we are not overloading senior officers, and that we have succession planning and effective workload distribution in place. This is particularly so with the policy and political changes that bring competition for resources and a constant need to remind decision-makers that older people use healthcare services the most. The development of our new website was much delayed, which put a strain on the staff team, even though fortunately we were able to continue using the old website throughout this long 23
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 period. We have learned lessons about third party project management, tight specifications and penalty clauses. In the early part of the year, there continued to be reputational risks through our association with the Royal College of Physicians (London), though the furore surrounding physician associates gradually died down. Finally, the risks to the BGS business model of transitioning our journal to being fully open access have been delayed for another year, after carefu l analysis of the opportunities and challenges. STRUCTURE GOVERNANCE AND MANAGEMEN Governing Document The Society is governed by its Memorandum and Articles of Association. The Memorandum and Articles of Association were adopted on 7 November 1974, and the Articles were last amended on 24 November 2017. During the course of 2023, we updated the Articles to provide greater clarity on trustee roles and terms of office, on digital communications and various other minor aspects that needed modernising, This process wa5 undertaken with the assistance of the BGS lawyers, and the ViSed Articles were approved by BGS members at the AGM in November 2023.The trustees are indemnified up to £25,000 of losses they cause the Society through their actions as Trustees. This cover is provided in the Society's Charity Combined insurance policy and it is not practical to identify a separate charge for this cover. Governing Body The Trustees are the governing body of the Society and the dirertors of the limited company. They comprise the President, President-Elect, Honorary Secretary. Honorary Treasurer, Chairs of the national Councils for England, Northern Ireland, Scotland and Wales, Chair of the Trainees Council, Chair of the Nurses and Allied Health Professionals Council, and two lay trustees who bring broader business planning expertise. The Trustees meet four times a year, including a full day facilitated workshop to explore long-term planning issues. The Trustees are familiar with the Charity Governance Code, and observe the principles of good governance set out in that document and in the BGS Board terms of reference. The Society's committees include Finance and General Purposes Committee. Policy and Communications Committee,. Education and Training Committee and its sub-committee for Meetings and Events,. Workforce Committee; Clinical Quality Committee. Research and Academic Development Committee, and the Age and Ageing Editorial Board and its Executive Committee. There are also committees for the Trainees Council, Nurses and AHPS Council, four nation councils, Healthcare in the Community Group, SIGS and England regions. The current trustees are shown on page 2 above. The directors of the wholly owned subsidiary company, BGS {Trading) Limited, who served during the year were Dr Elizabeth Lawn, Dr Divya Tiwari, and Dr Ruth Law. Trustee recruitment and appolntment The President, Honorary Secretary and Honorary Treasurer are Society members who succeed automatically to their roles having previously been nominated and elected by the membership as President-Elect, Deputy Honorary Secretary and Deputy Honorary Treasurer respectively. They each Serve a 2-year term with the exception of the Honorary Treasurer who serves for 3 years in order to ensure continuity. Chairs of National Councils are ex officio members of the Trustee Board appointed by the relevant nation. The Chairs of the Trainees Council and the Nurses and Allied Health Professionals Council are also ex officio and appointed by their Councils. The two lay trustees are recruited externally through an open process and serve for up to two 2-year terms. During 2024/25 we held an election for a new President Elect, which was won by Dr Amit Arora. 24
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 Our Trustee Induction and Training policy guides the orientation process for new trustees. New trustees receive a comprehensive induction pack and meet with key officers and staff to acquaint them with the Society's policies and practice, its aims and activities, management and governance, and also what is experted of them under charity law and company law. All trustees give their time voluntarily and receive no benefits from the Society. Any expenses reclaimed from the Society are disclosed in note 6. A register of directors, interests is maintained and updated annually, and declarations of any potential conflicts of interest are required at the commencement of each Trustee Board meeting. Any trustee/director with a potential conflict of interest with a particular topic within a meeting declares it and takes no further part in the discussion or vote on that topic. Group Structure The Society has a wholly owned, non-charitable trading subsidiary, BGS (Trading) Limited, a company incorporated in England and Wales (No. 20 13 195), BGS (Trading) Limited accounts for the income and expenditure from scientific conferences and exhibitions. The subsidiary covenants its taxable profit at each year-end to the Society. Further details of BGS (Trading) Limited's financial results for the year ended 31 March 2025 can be found in note 13. REFERENCE AND ADMINISTRATIVE DETAILS The name of the charity is the British Geriatrics Society, and it is frequently abbreviated as the BGS. The Society is a registered charity (No 268762) and is constituted as a company (No. 1189776) limited by guarantee. The trustees/dirertors, professional advisers and principal and registered office are set out on pages 2 - 3 above. RESPONSIBILITIES OF THE TRUSTEES The Trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Society and of its results for that period. In preparing those financial statements, the Trustees have undertaken, and will continue to undertake the following.. selected suitable accounting policies and then applied them consistently. made judgements and estimates that are reasonable and prudent. prepared the financial statements on a going concern basis unless it is inappropriate to assume that the Society will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posltion of the Society and to enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act 2011. The Trustees are satisfied that they have met, and they will conti nue to meet their responsibilities for safeguarding the assets of the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. They can provide assurance that: the Society is operating efficiently and effettively. it5 assets are safeguarded against unauthorised use or disposition. 25
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE The British Geriatrics Society Trustees. Report For the year ended 31 March 2025 proper records are maintained, and financial information used within the Society or for publication is reliable. the Society complies with its Memorandum and Articles of Association. the Society has actively pursued all of its objectives and policies throug hout the year. STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS The Trustees, who are the directors of the Society, who held office at the date of approval of this Annual Report, confirm that.. so far as they are aware, there is no relevant audit information, information needed by the Society's auditors in connection with preparing their report, of which the Society's auditors are unaware. and they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the Society's auditors are aware of that information. DIT The auditor, MHA, previously traded through the legal entity Macintyre Hudson LLP. In response to regulatory changes, Maclntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to M HA Audit Services LLP. The auditor MHA will be proposed for re-appointment in accordance with Sertion 485 of the Companies Act 2006. This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the Board of Directors and Trustees on 23 October 2025 and signed on its behalf.. Professor Jugdeep Dhesi President of the Societyi Chair of the Directors and the Trustee Board 26
Docusign Envelope ID". BA43FE63-B8DE-4651-9052-36F83A7AEBCE Independent auditor's report to the members of The British Geriatrics Society Opinion We have audited the financial statements of The British Geriatrics Society (the 'parent charitable company'l and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Pratticel. In our opinion, the financial statements.. Give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 March 2025 and of the group's incoming resources and application of resou rces, including its income and expenditure, for the year then ended Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice Have been prepared in accordance with the requirements of the Companies Art 2006 and the Charities Act 2011 Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor'5 responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other eth ical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements Is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The British Geriatrics Society 's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The trustees are responsible for the other information. The other information comprises the information included in the trustees, annual report, other than the group financial statements and our auditor's report thereon. Our opinion on the group financial statements does not cover 27
Docusign Envelope ID". BM3FE63-B8DE-4651-9052-36F83A7AEBCE Independent auditor's report to the members of The British Geriatrics Society the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the group financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: The information given in the trustees, annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements The trustees, annual report, has been prepared in accordance with applicable legal requirements Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees, annual report, We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion: Adequate accounting record5 have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not Vlslted by us. or The parent charitable company financial statements are not in agreement with the accounting records and returns; or Certain disclosures of trustees, remuneration specified by law are not made; or We have not received all the information and explanations we require for our audit. or The trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, annual report and from the requirement to prepare a strategic report. 28
Docusign Envelope ID". BM3FE63-B8DE-4651-9052-36F83A7AEBCE Independent auditor's report to the members of The British Geriatrics Society Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities set out in the trustees, annual report, the trustees (who are also the dirertors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trtjstees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Enquiry of management around actual and potential litigation and claims,. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; Reviewing minute5 of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transartions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. xwww.frc.or .uk auditorsres onsibil ities. This description forms part of our auditor's report. 29
Docusign Envelope ID". BM3FE63-B8DE-4651-9052-36F83A7AEBCE Independent auditor's report to the members of The British Geriatrics Society Use of our report This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and sertion 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Carina Ralfs Msci (Hons) PhD FCA (Senior statutory auditor) for and on behalf of MHA Maidenhead, United Kingdom Date'.November 5, 2025 MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542) 30
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety CDn5011dated 5Mernent of fftnancl auMiie5 (incorporating an Income and expenditure account) For the Ye ended 31 klarch 2025 2025 2024 Endowment Endowment Note Income frDrn'. 2.664 2,664 353 353 658.810 628.996 390.706 17,456 3,995 658.810 652.669 390,706 17,456 3,995 1 18,574 580.308 580.308 23.673 420.680 420,680 Education & ReSeah Other 1.804.420 40.454 1.844.874 1.773.007 ,789.463 Expendirure on.. lembership SÈrvices PrDfe5510nal Developtnent & Events 3a 185,309 950,085 185,558 475,739 540,744 207.3S3 849.410 207.3S3 BB7,004 216.275 430.975 322.529 37.594 3a Education & ReSeah Policy Influencing & Comrnunications 303,a62 540.744 172.377 337,100 322.529 93.S75 Total expEndlture 2,132,244 2.337,435 2,064.136 Net Income I leXpendUre} before net g5 1 Ilossesl on Investments 1492,5611 189.1451 256.689 44.022 30.607 Net Income l {expendtture} forthe year 97.029 30.607 56.645 Transfers between fund5 9.602 Net Income I lexpendiiurel before other recogn15ed galn5 and1055e5 87.427 30.607 56.645 Net movement In funds 87.427 30.607 56.645 ReconcSllatlon of funds.. Totsi funds brought foThvard Totsi runds tarrlld foTh¥ard 644.8S2 342.134 5,203.777 4,622,071 4.129.364 706.241 644.852 342,1 a4 5,203.777 31
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety Balance sheets Company no. 1189776 As at 31 March 2025 The group 2025 Society 2025 2024 2024 Note Flxed assets: Tangible asset5 Intangible assets Investments 786,161 158,406 3,431,501 839,770 772.500 158,406 3,431,601 839,770 3,820.647 3.820, 747 4.376.068 4,660,417 4.362.507 4.660.517 Current assets: Debtors Short term dep051t5 Cash at bank and in hand 312.482 98.512 623,568 31 5,382 505,908 354,939 440.506 98.512 467.739 252,075 505,908 289,667 ,034,562 1,176.229 1,006,757 1,047,650 Creditors.. amounts falling due within one year (788.5 59) 1632,8691 1624.7631 1504,4941 Net current assets 1 Iliabilities) 246.003 543,360 381.994 543,156 Total net a55et5 1 (liabilities) 4.622.071 5,203,777 4.744.501 5.203,673 Funds= Permanent Endowmeni Resrricted funds Unrestricted income funds.. Designated funds Revaluation reserve General funds 18a 18a 334,165 461.988 342,134 644,852 334,165 461.988 342,134 644,852 18a 18a 18a 1,191,680 205.337 2,428,901 1 117,731 205,337 2,893.723 1,191.680 205.337 2,551,331 1,117,731 205,337 2.893,619 Total unrestricted funds 3.825.918 4,216.791 3,948.348 4.216.687 Total Charity Fund5 4,622,071 5,203.777 4,744,501 5.203,673 The financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 were approved and authorised for issue by the Board on 2 3 October 2025 and signed on their behalf by Professor Jugdeep Dhesi President of the Society, Chair of the Directors and the Trustee Board The notes on pages 34 onwards form part of these financial statements The gross income and result for the year for the Society 15 given in note 14 to the accounts.
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety Consolldated statement of cash flows Note 2025 2024 Cash flows from operating activities Net lexpenditurell income for the reporting period las per rhe starement of financial activities) Depreciation charges Ammort15ation (Gainslllosses on Investments Loss on disposal of fixed assets Dividends, interest and rent from inve51ment5 Ilncrea5ellDecrea5e in short terrn deposit5 IlncreasellDecrease in debtors IncreasellDecreasel in creditors 1581,7061 56,645 48,242 9,318 89,145 3,906 1118.5741 407.396 2,900 155,690 39,099 1117,0801 190,9081 16,312 1119,9241 Net cash provided by I (used in) operatSng actlvliles 16.317 1547,1741 Cash flows frorn investing activities= Dividends, inierest and rents from investrnents Proceeds from the sale of Investments Purchase of inve5tment5 Proceeds frorn the sale of fixed asse15 Purchase of fixed assets Purchase tsf intangible assets 118,574 300,000 117,080 200,000 1,462 1167,7241 186,2271 Net cash (used inl Iprovided by investing activities 252.312 230,853 Change In cash and cash equlvalènts In the yéar 268.629 1316,3211 Cash and cash equivalenrs at the beginning of the year Change in cash and cash equivalent5 due to exchange rate movements 354.939 671,260 Cash and cash equivalent5 at the end of the year 623.568 354,939 Analysls of cash and tash equlvalents and of net debt At l April 2024 Other non- Cash flow5 cash changes At 31 March 2025 Cash ar bank and in hand 354.939 268,629 623,568 a Total cash and cash equivalents 354.939 268,629 623,568 33
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Gerlatrlcs Soclety Notes to the flnanclal statements l Accountlng pollcles al Statutory Informatlon The Britlsh Geriatric5 Society is a charitable cornpany limired by guarantee and is incorporated in England. In the event of the charity being wound up, the Ilablllty in respett Df the guarantee is limited to £ I per member of the charlty. The address of the reglstered offSce is given in the charity information on page 3 of these financial siarements. The nature of rhe charity's operations and principal aciivities are detailed in the Tru5tee5 Report on page 5. The registered office addre55 and principal place of business is Marjory Warren House 31 StJohn'5 Square. London. ECI M 4DN. bl Ba515 of preparation The financial staiemenrs have been prepared in accordance with Accounting and Reporiing by Chariiies.. Staiemeni of Recommended Practice applicable io chariiies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charitie5 SORP FRS 1021, the Finaniial Reporting Standard applicable in the UK and Republii of Ireland IFRS 1021 and the Companies Acr 2006. Assets and liabilities are Initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The presentarion currency is GBP rounded to the nearest pound. These financial statemen15 COn501idate the results of the charitable company and 115 wholly-owned subsidiary BGS (Tradingl Limiied on line by line basis. Transactions and balances between the charitablÈ tompany and its subsidiary have been eliminated from the consolidaied financial siatements. Balances beiween Ihe two companies are disclosed in Ihe noies of the chariiable company's balance sheet. A separate staiemeni of financial acrivirie5, or income and expendirure accounr, for Ihe chariiable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companie5 Act 2006. cl Public benefit entity The charirable company meet5 the definition of a public benefit entity under FRS 102. dl Colng concern The trustees tonsidÈr that thÈrÈ arÈ no matÈrial untertainties about thÈ charitablÈ tompany's ability to continuÈ as a goin9 tontÈrn. The Trustees are aware that the group continues to make losses In line wlth the strategy to expand the group's aciivities. They are monitoring the spending down of reserves and have straiegic plans to generate further income to come to a break even position. el Estimation uncertainty The Irustees do not consSder that Ihere are any source5 of estlmatSon uncertainty at the reporting date that have a slgnificant rSsk of causing a maierial adjustment to the carrying amounts of asseis and liabilitie5 Wlthin the next reporting period. f) Income Income is recogni5ed kvhen the charity ha5 entitlement to the funds, any performance condition5 attached to the income have been met, it Is probable that the income wlll be recelvÈd and that the amount can be measured rellably. Income received in advance of the provision of a specified service is deferred until rhe criteria for income recognition are met. Legacies, entitlernent 15 taken a5 the earlier of the date on which either-. the charity 15 aware that probate ha5 been granted, the estate has been finalised and notification has been made by the execuiorlsl 10 the charity that a distribution will be made, or when a distribution is received from Ihe estate. Receipt of a legacy, in whole or in parr. is only considered probable when the amount can be measured reliably and the charity has been notified of the execuror'5 intention ro make a distribution. Where legacie5 have been notified to the charity, or the tharity Is aware of the grantlng Df probate, and the criteria for income recognition have not been met, then the legacy is a treated as a conringent asset and dlsclosed if material. gl Interest recelvable Inieresr on fund5 held on deposit 15 included when receivable and ihe amount can be measured reliably by rhe charity.. Ihis is normally upon notification of the interest paid or payable by the bank. h) Fund accounting Resiricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria Is charged to Ihe fund. UnrestrictÈd funds are donation5 and other intorning resourtes rÈteived or genÈratÈd for the tharitable purposÈs. Designared funds are unrestricred funds earmarked by the Irustees for particular purposes. 11 Expendlture and Irrecoverable VAT Expenditure is retognised once thÈre is a le9al or constructive obligation to make a payment to a third party, it is probable that settlement will be required and Ihe amount of the obligation can be measured reliably. Expenditure 15 classified under the following activitv headina5'.
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Gerlatrlcs Soclety Notes to the flnanclal statements l Mar l Accounting policies Icontinuedl Expenditure on charitable activities includes the costs of delivÈring services, exhlbitions and other Èducatlonal activltles undertaken to furrher the purposes of the charity and their associated supporr costs. Other expenditure represent5 those irems not falling into any other heading. Irrecoverable VAT is tharged as a cost against the activity for whith the Èxpenditure was incurred. Jl Grants payable Grant5 payable are made ro rhird parties in furrherance of the charity's objecrs. Single or mulri-year 9rants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or Ihe rÈcipient has a reasonable expectation thai they will receive a grant and that any condition attaching to the grant is outside of ihe control of ihe charity. Provisions for grant5 are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. k) Allocation of support cost$ Support cost5 are costs related to those functions that assist rhe work of the charity but do not directly undertake charitable activities. Supporr costs include back office costs, finance, personnel. payroll and governance (0515 which support the SocieD/'s programmes and ctivities. These tosts have been allotated between cost of raising funds and expÈnditure on tharitable attivities. The basis on which Support cosis have been allocated are ser out in noies 3a and 3b. 11 Operating leases Rental charges are charged on a straight line basis over the term of the lease. ml Tanglble flxed assets and Intanglble assets Item5 af equipment are capitali5ed io fixed a55et5 where the purchase price exceeds £500. Depreciation costs are allocaied to artivitie5 on the basis of the use of the rÈlated assets in those artivities. Assets are reviewed for impairmÈnt if circumstances indicate their carrying value may exceed rheir net realisable value and value in use. Where flxed assets havè been revalued, any excess between the revalued amount and the hlsiorlc cost of the asset will be shown as a revaluation reserve in the balance sheet. Where rhe a55etS Used are intangible and are used to generare income and 5upporr the groulp'5 activitie5 rhen expenditure over £5,000 are ammortised over their estlmated useful Ilfe. Assets in Development is expenditure on assets that are being built and yet to be broughi into use. No depreciation Is charged against Ihese assets until ihey are in use. The amouni of £30,320 in A55ets in Developmeni ar the begining of the year relates to ihe cosrs of building the new website, this wa5 brought into use in February 2025 and this amount was transferred to intangible a55et C05t5. Depreciation 15 provided at rates calculated to write down the c05t of each a55et to its estitnated residual value over it5 expected useful life. The depreciation rates in use are as follows.. Fixiures and Fiiiings l O years Office Equipment 5 years Computer Equipment 3 yÈars Depreclation is not tharged on the freehold property slnte it has an indefinltely long useful Ilfe and is malntalned to a high standard. Ammort15ation is provided at ratÈ5 calculatÈd to writÈ down thÈ lost of Èach assÈt to it5 ÈStirnatÈd rÈ5idual valuÈ over its Èxpected useful life. The ammort15ation rate in use are as follow5.. Websit 3 years n) L15ted Investmems Invesiments are a form of basic financial instrument and are initially reco9nised at their transaction value and subsequently measured ai Lheir fair value as at the balance sheet dare using the closing quored market price. Invesrmeni gains and losses, whether realised or unrealised, are combined and shown in the heading 'Ner gains111055e51 on invesrmen15" in ihe statemeni of financial activiiies. The charity does not acquire put options, derivatives or other complex financial in5trutnents. ol Investments In subsldlarles Investment5 in subsidiaries arÈ at tost. pl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at rhe amount prepaid net of any trade discounts due. ql Short term deposlts Short term deposit5 include5 cash balances that are invested in account5 With a maturity date of between 3 and 12 tnonths. rl Cash at bank and in hand Cash ai bank ancl cash in hand Include5 cash and short term highly liquid investment5 wirh a short maturity of three months or les5 from rhe date of acquisltion or opening of the deposit or 51milar account. 35
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Gerlatrlcs Soclety Notes to the flnanclal statements l Accounting policies Icontinuedl sl Credltors and provlslons Credirors and provisions are recogni5ed where the charity ha5 a present obligarion resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to Settle the obligation Gan be measured or estimated reliably. Creditar5 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. t) Financial instrument5 The tharity only has finantial assets and financial liabilities of a kind that qualify as basic finantial instruments. Basit finantial instrumenis are initially recognised ai transaction value and subsequently measured at Iheir seiilemeni value wSth the exception of bank loans which are subsequently measured at amortised cosi using the effecrive inieresi method. ul Pensions The Soclety operates a scheme to contrlbute a defined amount to Individual employees, pension schemes and the pension charge represents Ihe amount payable by the Socieiy to the various schemes In respect of rhe year. Pension costs are allocated ro the Group's aciivities on the basis of sraff rime spend on those activiiies. Sraff cosrs are only allocated to unresrri£ted funé5 as the conditions of Ihe restricted funds held do not permit ovrheads to be charged to those funds. vl Severance pay Severance pay Is based on the employee's conrracrual righis at Ihe point of terminaiion of employment. In addition, any unpaid leave and a reasonable amounr for loss of office is offered, thi5 15 setttled on a case by case bas15. 2 Incorne from investment5 202S 2024 Toial Unresiricied Restricted Total Unresrricted Restricted Income from Ilsted Investments Interesi receivable on cash deposits 74.241 27.552 16,781 91,022 27,552 72,803 27,821 16,456 89,259 27,821 101,793 16,781 118,574 100,624 16,456 117,080 36
OLO r*)ON £w i I CL i UUL O_Q<J
OOtommLtrl*fn I c• I rt) N CO co ¢mmo I l M M Ln t I I I I I LN LN OEQ o I uo
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Cerlatrlcs Soclety Notes to the financial statements For the year ended 31 March 2025 Anatysls of grants and prlzes Grant5 to rant5 to Grant5 to Grant5 to 2025 2024 C05t Doctoral Fellowship Scholarship 170.077 170.077 95,422 95.422 13,4371 10,539 6,929 13.437} 10,539 4,229 BGS Conference Grants Awards and pri2es 27,036 3,200 27,036 5.650 2,450 2,700 30.236 172.527 202.763 98.122 109,453 The Society has taken advantage of the exemption under Section 16.1 l of the Chari¢ies SORP 10 Withhold de¢alls of Indlvldual grani reciplents. No suppori c05r5 are allo£aied to grant making aciiviiies as these are not pertnitied per the terTn5 Of the fuDds. Net Income I lexpendlturel for the year 2025 2024 48.242 39,099 Auditor's reTnuneration (excluding VATI. Audit Corporaiion tax costs 14,850 500 15,540 1,320 Analysls of staff costs. trustees. and key management personnel remuneratlon and expenses Staff costs were as follows". 2025 2024 Salarie5 and wage5 Social Security (0515 Emplgyer's contrlbJtion 10 defined contrlbution pensiom schemes Redundancy cosis 871.815 95.117 98,419 48.476 82,502 89,057 1,113.827 988,900 Redundancy COSt5 relate to the contractual costs and compensation for1055 of office awarded to employee5 UPOII termination of their employrnent. One employee earned between £1 l 0,000 and £120.000 12024. monel, no employees earned between £90,000 and £IOQ,000 12024 one), no etnployee5 earned between £80,000 and £90,000 12024." one). one employee earned between £70.000 and £80,000 12024. Dome), and Six employees earned between £60,000 and 170,000 12024 two). The total employee benefit5 IinclLJding pension contributions and employer'5 national Insurance) of the 3 key management personnel were £317,545 12024. £237,715). The charity trustees were neither paid nor received any other benefits frotn employtnent with the charity in the year 12024.- £nill. No charity irusiee reieived payment for professional or other services Supplied to the charity 12024.. £nill. Trustees, expenses represenis Ihe payment or reimbursemeni of travel and subsisience costs totalling £8,388 12024.. £5,642) incurred by 14 12024-. 61 member5 relating to attendance at meeting5 Of the tru5tee5. 39
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Britlsh Cerlatrlcs Soclety Notes to the financial statements For the year ended 31 March 2025 Staff numbers The average number of employee5 (head count based on number of staff etllployedl during the year was 15.5 12024.. 14). 2025 No. 2024 Membership Services ProfessiDnal Development & Events 2.50 4.00 1.00 1.00 3.00 4.00 Educaiion & Research Policy Influencillg & Communication5 Operational Support 15.50 Related party iran5attions There are no related party transacrions other than those which took place with the trading Subsidiary IBGS Trading Limitedl, these have been fully di5c105ed in Note 13. The balance outstanding due from BCS Trading at the year end wa5 £318,121 12024.. £109,655). There are no dDnatlons frDm related partles which are outside the nortnal course of buslness and nD restricted donations frotn r£lated parties. Taxatlon The charity is exempt from corporarion tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary BCS Trading Limited gift aids available profit5 to the parent charity. It5 charge to corporation tax In the year wa5.. nil. 10 Tan9lble flxed assets Freehold Computer equlpmeni The Groupl Charlty development Total Cost At l April 2024 Addition5 in year Tran5fer5 in year 30,320 700,000 87,166 20,076 428,791 8,782 1,246,277 28,858 130,3201 At 31 st March 2025 700.000 107,242 318,283 Depreclatlon At l April 2024 Charge for the year 40,854 12,831 365,655 406,509 48,242 At 31 st March 2025 53,685 285,679 339,364 Net book value At 315t March 2025 700.000 53,557 32.604 786,161 At l Aprll 2024 30,320 700,000 46,312 63,136 839,768 All of the above assets are used for charitable purpose5. 40
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Cerlatrlcs Soclety Notes to the financial statements For the year ended 31 March 2025 I I Intanglble assets The Grouplcharlty Total 2025 Wtbslte Cost Addiiions in year Tran5fer5 ID year 137,404 30,320 137,404 30.320 At 315t March 2025 167,724 167,724 Ammortlsatlon At l April 2024 Charge for the year 9,318 9,318 At 31 st March 2025 9.318 Net book value At 31 March 2025 158.406 158.406 At 31 March 2024 The transfer of £30.320 froTn Assets ID DevelopTnent in Fixed Assets relate lo the building of the new website. The website was brought into use in FebrLJary 2025 and this arnount wa5 trasnferred to the c05t of Iniangible As5et5. 12 Llsted Investments The group 2025 Soclety 2025 2024 2024 Fair value at the start of the year Addltlons at cost Disposal proceeds Net gain 1110551 on chan9e in fair value 3,820.646 3.689.328 3,820.646 3.689,328 13QO.0001 189.1451 1200,0001 1300.0001 189.1451 1200,0001 3,431.501 3,820,646 3,431.501 3.820,646 Investment In Subsidiary 100 Falr value at the end of Ihe year 3,431.501 3.820.646 3.431.601 3.820,746 Historic c05t at the end of the year 3,091.335 3,391,335 3.091.335 3,391,335 Invesiments comprlse.. The group 2025 Soclety 2025 2024 2024 UK Cornmon investment fund5 3.431.501 3,820,646 3.431.501 3,820,646 100 3.431.501 3,820,646 3.431.601 3,820,746 41
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Britlsh Cerlatrlcs Soclety Notes to the financial statements For the year ended 31 March 2025 13 Subsldlary undertaklng The charity owns the whole of the issued ordinary share capital of BGS (Trading) Limited. a coTnpany registered in England. The cotnpany nutnber is 02013195. The registered office address is Marjory Warren House, 31 Stlohn'5 Square, London EC1 M 4DN. The trustees Dr Eli2abeth Lawn and Dr Dia Tiwari are also directors of the subsidiary. A 5umrnary of the resLJlts of the SLJbsidiary 15 shown below". 2025 2024 Turnover TurDover frorn 5ale5 to pareni underiaking Cosi of sales Cosi of sales related to purchases from parent undertaklng Gross profitlllossl 669.319 593,371 1468,7351 1482,461) 200.584 Administrative expenses Managemenr charge payable to parent undertaking 1995) 1102.886) Profitlllos51 on ordlnary actlvltle5 before Interest and taxatlon 1122.5331 7,029 Proflt I Iloss) on ordlnary actlvltles before taxatlot) (122,5331 7,029 Taxation on profit on ordinary activities Proflt I Ilossl for the flnanclal year 1122,5331 7,029 Retalned earnlngs Total retalned earnlngs brought forward 1122.5331 7,029 17,0291 Distribution under Cift Aid to parent charity Total retalned earnlngs carrled fOard (122,5331 The aggregate of the a55et5, liabilitie5 and reserve5 was-. A55et5 203 203 Reserves 203 203 Amounts owed t¢lfr¢m the pareni underiaklng are shown In note 15. 14 Parent charlty The parent charity's gross Income and the results for ihe year are disclosed as follows-. 2025 2024 Gross income Result for the year 1.483.903 1459,1721 ,305,747 56,645 15 Debtors The group 2025 Soclety 2025 2024 2024 Trade debtors Other debtors PrepayrneDts and accrued income Amount due from subsidiary 24.042 7.726 280,714 61,475 7,383 246.524 1.055 7.489 115.554 316.408 1,055 7,383 134,250 109,387 312.482 315,382 440.506 252,075 All debtors are due within the year. 42
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Britlsh Cerlatrlcs Soclety Notes to the financial statements For the year ended 31 March 2025 16 Credltors.. amounts falllng due wlthln one year The group 2025 Soclety 2025 2024 2024 Trade creditors Taxation and social security 47.805 45.384 10,917 103.941 580.512 16,827 40,450 10.833 39,870 524,889 39.403 18.761 22,043 Accruals Deferred incorne 114.858 451.741 50,703 420,376 788,559 632,869 624.763 504,494 Deferred income <otnpris£s subscription and event income relating to 202516 received in advance. The group 2025 The charlty 2025 2024 2024 Balance at the beglmnlmg of the year Amount released to income In the year Amount deferred in the year 524,889 1524.8891 580.512 558.750 1558,750} 524.889 420,376 1420.3761 451.741 424,162 1424,162) 420,376 Balance at rhe end of the year 580.512 524,889 451.741 420,376 43
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety Notes to the financial statements For the ear ended 31 March 2025 18a Fund reconclllaiion Icurrent year) Inve5ttnent At 31 March gain5llos5 2024 Income Expenditure Tran5fer5 2025 lal Permanent Endowment MK Dhole Bequest 342,134 17,9691 334,165 Re5trirted fund5'. Ibl MK Dhole Income Fund.. 431.865 14.864 (171.077) 260,395 {cl Bulpitt Idl Rising Star fund (formerly Jim George Memorial fund) lel Research into Ageing {ft Frailty in Acute Settings Restricted Fund Frallty Module 75,488 1,917 12,8701 73.335 14,000 31,188 16,709 12501 13,750 31.188 16.709 Total research funds 569,250 16,781 1172,5271 118,1271 395,377 Igl Devoed nation5 Scotland NorthÈrn Ireland Wales 46.390 7.962 43,162 15891 24.038 29,212 120,8851 Total devolved nations 75.602 23.673 132.6641 66.611 Total restrftted funds 644.852 40,454 118.1271 461.988 Unrestritted fund5'. Designated funds.. 839.770 76,088 104,795 944,565 76.088 lil Degignated SIG Granr fund Ikl Total Designated grant funds 47.137 130.8461 16,291 111 Healthcare In Care Homes fund Im) BGS DevelDpmenr fund 54,736 154.736 Total deslgnated funds 1,117.731 130,8461 104,795 1,191,680 Inl Revaluatlon reserve 205,337 205.337 General funds 2,893,620 1,804,420 12,101,398) 1104,7951 163.0491 2.428.798 Non-chariiable irading funds lol Charitable Tradinq fund Total unrestritted fund$ 103 103 4.216.791 1.804.420 12.132.244) 163.0491 3.825.918 Total fund5 5,203,777 1,844,874 12,337,435) 189,1451 4.622.071
Docusign Envelope ID". BA43FE63-88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety Notes to the financial statements For the ear ended 31 March 2025 18a Fund reconciliaiion Icurreni year contlnuedl lal The Dhole Pemianent Endowment Fund The Permanent Éndowment Fund relates to the Dr MK Dhole bequest which was provided to enable any investment income arising on the bequest to be applied for the provision of an award for the mosi deserving published work of medical research appertaining to rhe needs of aged people. Amy rrnainder incom is to be used for the provision, endowment and financing of stholarships, féllowships and lectureships of all kind5 connected with research in the field of geriatric medicine. Purposes of restricted funds Ibl The M K Dhole Income Fund is a restricted fund that receives the income from the Dhole Permanent Endowment FLJnd. It is usÈd to fund the annual Dhole-Eddlestone Memorial Prize of £1,000 for a paper published in Age and Ageing during the previou5 calendar year. Fro 2020121 It has also been used to fund (he Joinr Dunhill Medical Trusi BGS Docroral Training Fellowship Scholarship. (Nore 211. The ioial awarded by 31 March 2025 but not paid was £353,972 131 March 2024.. £690,113). Icl The Bulpitt Fund 15 Used to fund up to two e55ay prizes of £400 each awarded every year by the Cardiovascular Section. Three prize5 were awarded in 2024125 1202312024.. Two). Idl The Rising Star fund Iformerly The lim George Memorial fund) was eriginally established using a donation received in memory of lim GÈorgÈ. The fund is used to fund two annual winners of the BCS Rising Star Awards. £250 was awarded in 2024125 12023124-. £7501. lel Researih into Ageing Fund - funds research which Informs and influences the ageing research agenda ro make li clinically relevani and meanSngful to the lives of older people. (t) The Frailiy in Acute Setting5 Fund wa5 e5tabli5hed using money donaied by a member who wishes ro be consulted before significani spendino Is made. It was used to support the Frailsafe project, now complete. There was no movement on this fund In 2024125 Igl The Special Interest Groups ISIG'S are restriited in so far as they are to be used by the relevant SIC for charitable PLJrpose5 in the particular Special interest field. Funds from SIGS which are no longer aitive are rransferred into the designated grants fund.- None was transfered in 2023124 12022123 £76.598). From l April 2023 it wa5 agreed wirh SIG chairs that SIG income and expenditure for events will be processed through the general fund in the same way as the main conferences. Remaining SIG reserves wÈre transferred on 31 March 2023 to a new designared account 'SIC grant5" and will be protected for SIC grants for five years a5 agreed. Ihl The devolved nation funds are restricted in 50 far as they are to be used by the relevant devolved nation for charitable purposes. lil The English regions funds are restricted in so far as they are to be used by the 8GS Enolish regions for charitable purposes. From l April 2023 English region income and expenditure for events will be processed through the general fund in the sarne way a5 the main conferences. Remaining English region reserves were rransferred on 31 March 2023 10 rhe designated grants fund and will be proiecied for granis for five years as agreed. Purposes of deslgnated funds (Jl The Flxed Asset Fund, was deslgnatÈd to asslst In Identlfying those funds that are not free funds. It represents the net book value of tangible a55ets and includes Marjory Warren House, the Society's registered offiie. Ikl ThÈ designatÈd SICS grants fund was established on 31 March 2023 by dÈsignating surplus SIC reserves of £ 76,598. It funds grants, prizes and awards related to a SIG . The overall aim of the Fund 15 to give grant5 to enable participation, learning and development, whils1 prizes and awards recognise and reward contribuiion. expert15e or achievement., The rejuvinated SIG'S granis. prizes and awards programme was relaunched In 2023124. Nil was spent in 2024125 1202312024 £5101. 111 The Total designated grant5 fund was established to fund grant5, prizes and awards . The overall aim of grant5 15 to enable participation. learning and development. whilsr prizes and awards recognise and reward contribuiion. expertise or achievement. The Society's grants, prizes and awards programme was relaunched in 2022123. In 2024125 £30,846 was spent from this fund 12023124 Im) Healthcare in Care Homes fund5. This wa5 a three year project beginning in April 2022 on the delivery of healthcare in care home5, building on the Society's publicarion, Ambitions for Change. It was a cross-organisational project ranging from influencing policy decisions 10 workforce and curriculum development to promoiing BGS membership to care home staff. The project compleied early In 2024 and the balamcÈ of funds has been transferred to general funds. Inl The BGS development fund wa5 e5tabli5hed for future projects, such a5 further development of the BGS website, eLearning and other "cloud" resource5 to support members. An addiiional £150,000 was designaied by Trusiees in Ociober 2022 io fund an upgrade and further development of BG5 website. lol The charitable trading fund is the general fund of the trading cornpany. 45
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brit15h Geriatrics Society Notes to the flnanclal statemenrs For the ear ended 31 fvlarth 2025 18b Fund reconclllatlon Iprlor yearl At 2 April 2023 Inve5ttnent Al 31 March gains1105S 2024 Income Expenditure Tran5fer5 lal Perrnanent Endowment MK Dhole Bequest 311,527 30,607 342,134 Restrlcted funds.. Ibl MK Dhole Income 475,741 68,356 14,576 1,880 196,4221 18001 37,970 6,052 431.865 75,488 lel Rising Star fund Iforrnerly Jirn George Memorial fund) If) Research into Ageing lal Frailty in Acute Settings Restricted 14,750 27,241 16,709 17501 3.947 14,000 31,188 16,709 Total research funds 602,797 16,456 194.025} 44,022 569,250 Ihl Devolved nations Scotland Northern Ireland Wale5 50,620 5,821 47,003 14,2301 115,4231 46,390 9.602 29.212 Total devolved nations 103,444 137.4441 9.602 75,602 Total resirlcted funds 706,241 16,456 1131,4691 9,602 44,022 644,852 Unrestrlcted funds- Designated funds= Ikl Fixed A55et fund 111 Designated SIG Grant fund Im) Designaied Granr5 fund Inl Healthcare in Care Homes fund lol BGS Development fund 792,641 76,598 62,515 269,703 154,736 47,129 839,770 76,088 47,137 115,3781 1264,3901 154,736 Total deslgnated funds ,356,193 21,201} {217.2611 1,117,731 (pl Revaluatlon reserve 205,337 205,337 Ceneral funds 2,567,731 1.773,007 11,911,466) 207,659 256,689 2,893,620 Non-charitable trading fund5 Iql Charitable Trading fund Total unresirlcted funds 103 103 4.129,364 1,773,007 11,932,66n 19.6021 256,689 4,216,791 Total funds 5.147.132 1,789,463 12,064,1361 331.318 5.203,777 46
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brit15h Geriatri¢5 Society Notes to the flnanclal statemenrs For the ear ended 31 Marth 2025 18b Fund reconciliation (current year continued) lal The Dhole Permanent Endowmeni Fund The Permanent Endowment Fund relare5 to the Dr MK Dhole bequest which was provided to enable any Investment income arising on the bequest to be appliÈd For the provision of an award for thÈ most dÈsÈrving published work of medital resÈarch appertaining to the needs of aged people. Any rernainder income is to be used for the provision, endowment and financing of scholarship5, fellowships and lecrureships of all kinds connecied with research in rhe field of geriatric medicine. Purposes of restricted funds Ibl The M K Dhole Income Fund is a restricted fund that receives the income from the Dhole Permanent Endowment Fund. It is Used to fund the annual Dhole-Eddlestone Memorial Prize of £ 1,000 for a paper published in Age and Ageing during the previous calendar year. From 2020121 it has also been used to fund the Joint Dunhill Medical Trust 8GS Doctoral Training Fellowship Scholarship. (Note 211. The total awarded by 31 March 2025 but not paid was £368,129, 131 March 2024.. £690,113). Icl The Bulpitt Fund 15 used to fund up to essay prize5 of £400 each awarded every year by the Cardiovascular Section. Two prizes were awarded in 202312412022123.. £8001. Idl The Rising Star fund (formerly The Jim George Memorial fund) was originally established using a donation received in memory of Jim George. The fund has received two donations during the year". £5,000 from the family of Jin George and £1 0,000 from the family of Dr John Dall. The fund 15 Used to fund annual winners of the BGS Rising Star Award5. £750 wa5 awarded in 2023124 12022123.. £5001. lel Research into Ageing Fund funds research which inform5 and influence5 the ageing research agenda to make it clinically relevant and meaningful to the lives OF older people. lfj The Frailty in Acure Settings Fund was established using money donated by a member who wishes to be consulted before signiFicant spending is made. It was used to support the Frailsafe project. now complete. There was no movement on this fund in 2023124 12022123 Nill. Igl The Special Interest Group5 ISIG'5 are restriiied in so far as they are io be used by the relevanr SIG for charitable purposes in the particular special interest field. Funds from SICS which are no longer active are transferred into the designated grants fund. Frorn l April 2023 it has been agreed with SIG chairs that SIG incorne and expenditure for events will be processed through Ihe general fund in Ihe same way as Ihe main conference5. Remaining SIG reserves were transferred on 31 March 2023 to a new designated account °SIG grants Ihl The devolved nation fund5 are restricted in so far a5 they are to be used by the relevant devolved nation for charitable purposes. lil The English regions fund5 are re5tricied in 50 far a5 they are to be used by the BGS English region5 for charitable purp05e5. From l April 2023 English region income and expenditure for events will be processed through the general fund in the same way as the main conferences. Remaining English region reserves were transferred on 31 March 2023 tts the designated grants fund and will be protecied for grants for five year5 a5 agreed. Purposes of designated funds (il The Fixed Asset Fund, was designated to assist In identifying those funds that are not free funds. It represents the net book value of tangible assets and includes Marjory Warren House, the Society'5 registered office. Ikl The designated SIGS grant5 fund wa5 established on 31 March 2023 by designating 5urplu5 SIG reserves of £ 76,598 a5 explained in note Ihl above. li fund grants, prizes and awards related 10 a SIG . The overall aim of the fund is 10 give grants to enable participation, learning and development, whilst prizes and awards recognise and reward contribution. expertise or achievernent. 111 The designated grants fund was established to fund grants, prizes and awards . The overall aim of grants is to enable participaiion, learning and development, whilst prize5 and awards recognise and reward contribution, expertise or achievement. Im) Healrhcare in Care Homes fund5. This is a three year project beginning in April 2022 on the delivery of healthcare in Care homes, building on the Society's publication. Ambitions for Change. Ir will be a cross-organisational project ranging from influencin9 policy deci5ion5 to workforce and curriculum development to prornoting BGS membership to care horne staff. Inl ThÈ BGS dÈvelopment fund was established for future projects, such as further development of the BGS website, ÈLearning and other cloud re50urce5 to support members. An additional £150,000 was designated by Trustee5 in October 2022 to fund an upgrade and further development of BGS websiie. lol The revaluation reserve fund repre5ent5 the accurnulated unreali5ed gain net of Ios5e5 On the Society's listed general inve51menis. In the prior year all invesiments held at CCLA in accumulation and income unit5 of Ihe COIF Charities Investment Fund were sold and proceeds were immediately used ro purchase equivalent COIF Charities Ethical Investment Fund units. As a result, the revaluation reserve relating to CCLA unit5 was realised and the balance of £1,055,921 transferred into general funds. (pl The charitable trading fund is the general fund of rhe trading company. 47
Docusign Envelope ID." BA43FE6&88DE4651-W52-36F83A7AEBCE The Brltlsh Gerlatrlcs Soclety Note5 to the financial statements For the ar ended 31 March 2025 19a Analysls of net assets bevween Funds (current year) Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total Fixed A55etS Intangible Assets Investments Cash & short term deposits Other current assets I liabilitie5 786.161 786.161 158,406 3,431.501 722.080 1476.0771 158,406 2,285,912 665,997 1476,0771 405,519 405,905 56,083 334,165 Total 2,634.238 1.191.680 461.988 334.165 4.622.071 19b Analysls of net set$ between Funds Iprlor year) Unrestricted Funds De5igNated Funds Restricted Funds Endowment Funds Total Fixed Assets Investmenis Cash Other current assets I liabilitleS 839.770 546.908 839,770 3.820.647 860.847 1317.4871 2.525,700 625,847 1317,4871 405,905 235,000 342,134 Total 2,834.060 .386.678 640.905 342.134 5.203.777 20 Legal status of the charity The charitv 15 a company limited by guarantee and ha5 no Share capital. The liability of each member in the event of winding up is limited to £ I 21 Doctoral Fellowshlp Scholarshlps BGS and DuNhill Medical Trust agreed to Share equally the c05t5 of one Doctoral Fellowship Scholarship annually for a period of up to three years starting in 2019120. All three fellowships have now been awarded with a total commitment to BGS of £2 76,946 of which £85,897 remains at 31 March 2025. Each fellowship is held at an appropriare UK research insiiiuiion. BGS and Dunhill Medical Trusi agreed a second Series of three Doctoral Fellowship Scholarships Starting in 2022123. The total cost to BGS will not exceed £450,000. In March 2023 BGS and Dunhill Medical Trust agreed to fund an additional scholarship in this series, which c(>uld bring the maximum commitment to £600,000. although the 2024 award was cancelled as the applicani secured other funding. To date £149.050 has been paid of these grants leaving a vear end commitment balance of £282,232. Total remaining commitrnents are shown in the table below. Committed for second Total series Commitment Committed for first series Within one year 26,765 27.522 54,287 Over one year S9,132 254,710 313,842 85,897 282.232 368,129 48