Charity registration number: 272412
Pancreatic Society of Great Britain and Ireland
Annual Report and Financial Statements for the Year Ended 30 June 2025
Winchester Bourne Limited Sullivan Court, Wessex Park, Colden Common, Winchester Hampshire SO21 1WP
Pancreatic Society of Great Britain and Ireland
Contents
| Reference and Administrative Details | 3 |
|---|---|
| Trustees' Report | 4 to 5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 13 |
Page 2 of 13
Pancreatic Society of Great Britain and Ireland
Reference and Administrative Details
Trustees C. Halloran, Honorary Treasurer J. Leeds, Honorary Secretary Room 359 William Henry Duncan Building 6 West Derby Street Liverpool, Merseyside L7 8TX Charity Registration Number 272412 Independent Examiner Winchester Bourne Limited Sullivan Court, Wessex Park, Colden Common, Winchester Hampshire SO21 1WP
Page 3 of 13
Pancreatic Society of Great Britain and Ireland
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2025
.
Objectives and activities
Objects and aims
The society is an alliance of professionals advancing the understanding and management of pancreatic conditions, for the benefit of patients.
Significant activities
The Society has provided two research funding awards during this financial year, one to Shantata Kudchadkar (Total Grant £10,000) to support a study “Novel monitoring of oxidative stress for early detection of deterioration in patients with acute pancreatitis. (OXIPANC study)”; the other to Lynne McCallum (£2500), for a career development workshop (the latter not invoiced as yet). The pancreatic society will hear updates from researchers at their annual meeting in Harrogate in November 2026. In addition, the society awarded the Lord Smith medal, with a £500 prize to Ms Bharti Kewlani (not invoiced as yet).
Public benefit
A Society for Specialists in Pancreatic Disease; to promote and encourage, for the benefit of the public, the study of and research into diseases of the pancreas and to disseminate knowledge and hold discussions on the results of such study and research.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
The financial position of the charity at the year-end is disclosed on page 8 of the financial statements.
Policy on reserves
The trustees have implemented a policy that reserves are not to fall below £20,000.
Page 4 of 13
Pancreatic Society of Great Britain and Ireland
Trustees' Report
Structure, governance and management
Nature of governing document
The charity is governed by the rules of the constitution of the Pancreatic Society of Great Britain and Ireland.
Induction and training of trustees
All trustees are to be familiar with the Charity Commission guidelines.
The annual report was approved by the trustees of the charity on 31 January 2026 and signed on its behalf by:
......................................... C. Halloran Trustee
Page 5 of 13
Pancreatic Society of Great Britain and Ireland
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 31 January 2026 and signed on its behalf by:
......................................... C. Halloran Trustee
Page 6 of 13
Pancreatic Society of Great Britain and Ireland
Independent Examiner's Report to the trustees of Pancreatic Society of Great Britain and Ireland
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2025 which are set out on pages 8 to 13.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Pancreatic Society of Great Britain and Ireland's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Pancreatic Society of Great Britain and Ireland as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
................................................. Vikkie Cheng FCCA On behalf of Winchester Bourne Limited Sullivan Court, Wessex Park, Colden Common, Winchester Hampshire SO21 1WP
Date: 17-12-2025
Page 7 of 13
Pancreatic Society of Great Britain and Ireland
Statement of Financial Activities for the Year Ended 30 June 2025
| Year 2025 Note Income and Endowments from: Donations and sponsorships 2 Other income 3 Investment income 4 Total Income Expenditure on: Charitable activities 5, 6 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 Year 2024 Note Income and Endowments from: Donations and sponsorships 2 Other income 3 Investment income 4 Total Income Expenditure on: Charitable activities 5, 6 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 |
Unrestricted funds Total 2025 £ £ 76,897 76,897 2,070 2,070 2,678 2,678 |
|---|---|
| 81,645 81,645 61,175 61,175 |
|
| 61,175 61,175 |
|
| 20,470 20,470 250,017 250,017 |
|
| 270,487 270,487 |
|
| Unrestricted funds Total 2024 £ £ 108,417 108,417 2,220 2,220 2,694 2,694 |
|
| 113,331 113,331 |
|
| 90,133 90,133 |
|
| 90,133 90,133 |
|
| 23,198 23,198 226,819 226,819 |
|
| 250,017 250,017 |
All of the charity's activities derive from continuing operations during the above two periods.
Page 8 of 13
Pancreatic Society of Great Britain and Ireland
(Registration number: 272412) Balance Sheet as at 30 June 2025
| Current assets Note Cash at bank and in hand Liabilities Accrued Accountancy Fee Total Assets Funds of the charity: Unrestricted income funds Unrestricted funds 9 Total funds |
2025 £ 2024 £ 273,187 252,717 2,700 2,700 |
|---|---|
| 270,487 250,017 |
|
| 270,487 250,017 |
|
| 270,487 250,017 |
|
The financial statements on pages 8 to 13 were approved by the trustees, and authorised for issue on 31 January 2026 and signed on their behalf by:
----- Start of picture text -----
.........................................
----- End of picture text -----
C. Halloran Trustee
Page 9 of 13
Pancreatic Society of Great Britain and Ireland
Notes to the Financial Statements for the Year Ended 30 June 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Pancreatic Society of Great Britain and Ireland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
Voluntary income including subscriptions, donations, sponsorships, gifts, legacies and grants that provides core funding or is of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable that settlement is required, and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading those aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including strategic management, trustees' meetings and reimbursed expenses.
Page 10 of 13
Pancreatic Society of Great Britain and Ireland
Notes to the Financial Statements for the Year Ended 30 June 2025
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
| 2 Income from donations and sponsorships | |||
|---|---|---|---|
| Unrestricted funds |
|||
| General | Total 2025 £ |
Total 2024 £ |
|
| Donations and sponsorships | 76,897 | 76,897 | 108,417 |
| 3 Other income | Unrestricted funds |
||
| General | Total 2025 £ |
Total 2024 £ |
|
| Membership subscriptions | 2,070 | 2,070 | 2,220 |
| 4 Investment Income | Unrestricted funds |
||
| General | Total 2025 £ |
Total 2024 £ |
|
| Interest received and similar income; | |||
| Interest received on bank deposits | 2,678 | 2,678 | 2,694 |
Page 11 of 13
Pancreatic Society of Great Britain and Ireland
Notes to the Financial Statements for the Year Ended 30 June 2025
5 Expenditure on charitable activities
| Unrestricted funds General £ Total 2025 £ Total 2024 £ Grants and travel fellowship 36,989 36,989 65,631 Prize bursaries 12,957 12,957 13,162 Support costs 11,229 11,229 11,340 |
|
|---|---|
| 61,175 61,175 90,133 |
6 Analysis of governance and support costs
| Unrestricted funds General £ Total 2025 £ Total 2024 £ Independent examiner Examination of the financial statements 2,714 2,714 2,712 Computer software and website 8,515 8,515 8,628 |
|
|---|---|
| 11,229 11,229 11,340 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Taxation
The charity is a registered charity and is therefore exempt from taxation
Page 12 of 13
Pancreatic Society of Great Britain and Ireland
Notes to the Financial Statements for the Year Ended 30 June 2025
| 9 Funds Unrestricted funds General General Unrestricted funds General General |
Balance at 1 July 2024 £ Incoming Resources £ Resources Expended £ Balance at 30 June 2025 £ 250,017 81,645 (61,175) 270,487 |
|---|---|
| Balance at 1 July 2023 £ Incoming Resources £ Resources Expended £ Balance at 30 June 2024 £ 226,819 113,331 (90,133) 250,017 |
10 Analysis of net assets between funds
| Unrestricted | ||
|---|---|---|
| funds | ||
| General | Total funds | |
| £ | £ | |
| Current assets | 270,487 | 270,487 |
Page 13 of 13