REGISTERED CHARITY NUMBER: 0276829
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
BRITISH ASSOCIATION FOR CYTOPATHOLOGY
Ellis Atkins Chartered Accountants Constable Court 62 Dene Street Dorking Surrey RH4 2DP
BRITISH ASSOCIATION FOR CYTOPATHOLOGY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
BRITISH ASSOCIATION FOR CYTOPATHOLOGY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The British Association of Cytopathology (BAC), which is registered as a charity, was founded in 2011 resulting from the merger of British Society for Clinical Cytology (BSCC) and the National Association of Cytologists (NAC). The BAC exists to advance the science and art of Cytopathology by encouraging higher standards in Cytopathology for the benefit of the public and to encourage research in Cytopathology and related fields for the publication of useful results. In pursuit of these aims and objectives, the BAC has the power to receive contibutions via a membership fee and raise funds where appropriate, to finance the work of the BAC.
To achieve these aims and objectives, the BAC will hold regular Scientific Meetings, educational study days, training courses and workshops and will facilitate a Continuous Education Certificate scheme open to all members. The BAC will work with groups of a similar nature and exchange information, advice and knowledge with them, including cooperation with other professional bodies, charities, statutory and non-statutory organisations.
Significant activities
All the members receive the official journal "Cytopathology" . "SCAN" is now incorporated into the new website and is no longer published. The aim of Cytopathology is to publish articles relating to those aspects of cytology which will increase our knowledge and understanding of the aetiology, diagnosis and management of human disease. It contains original articles and critical reviews on all aspects of clinical cytology in its broadest sense: including gynaecological and non-gynaecological cytology, fine needle aspiration and screening strategy. The journal welcomes papers on ultrastructural, histochemical and immunocytochemical studies of the cell as well as articles on quantitative cytology and DNA hybridization.
The aim of Cytopath Editorial policy reflects the interest of cytopathologists and cytotechnologists alike as well as the interest of clinicians using the cytology service. It also reflects the interest of biological scientists whose work involves research of the cellular level. We continue to correlate information on matters cytological including progress of the NHS Cervical Screening Programme.
All members receive the journal
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The trustees are satisfied that the charity continues to meet the required public benefit test through its objectives and activities described above.
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities
www.britishcytology.org.uk
The new website is established and Phase 2 is under development to allow payments directly through the site. It will continue to develop and cover the evolvement of the BAC, meetings and news/research within the field of Cytopathology. The BAC is keen to develop an educational section using cases/modules for self learning. We encourage any comments or ideas for developing the website and are particularly interested to hear if you have any material that would provide a valuable resource to our members
Continuing Professional Development
The BAC have worked hard to establish ourselves as a professional body for cytopathology in the UK, and it has taken some time, but through working closely with other relevant organizations, national bodies, government departments we are now the 'go-to' body which represents cytology in all its forms within the UK, recognized and respected across the world.
Due to COVID- 19 restrictions and numerous train strikes, the BAC has continued its educational meetings in the form of Webinars hosted through Zoom/Teams. These have been very well-received and have attracted many attendees not only from the UK but overseas too. The Webinars have been recorded and can be found on 'YouTube'.
The BAC X (Twitter) account is being widely used and the number of followers has increased greatly over the year. The BAC has also developed a LinkedIn account to expand its coverage with Social Media.
FINANCIAL REVIEW
Financial position
The Association has generated a deficit in the year of £16,056 (2023: £1,014 surplus) from its activities throughout the year.
The revised arrangements for our journal Cytopathology continue to generate royalty payments from the publishers Wiley. However, the surpluses realised from Conferences and meetings in recent years are now of much increased importance to the finances of the BAC. No conference was held in this financial year.
At the year end, the BAC still has available reserves in excess of £400,000 which we consider to be in line with the reserves policy referred to below.
The Executive is satisfied with the results shown, which are very much in line with expectations.
Investment policy and objectives
The Constitution of the BAC authorises the Executive to make and hold investments using the funds of the charity.
Cash balances are currently held with Lloyds Bank and The National Savings Bank. In addition, the BAC holds certain investments in quoted securities, which have been previously donated to it.
The Executive, having regard to the liquidity requirements of the organisation have operated a policy of keeping available funds within interest bearing deposit accounts.
Reserves policy
The BAC maintains reserves to enable us to provide an uninterrupted service to our members. It is considered that reserves should be able to support a minimum of one year, and ideally up to two years operating costs. The BAC now has total reserves of £405,299 (2023: £421,355), and this is within the range of our reserves policy.
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
Although the restrictions of the Covid-19 pandemic are behind us, the substantial shift to online events and meetings remains and the hopeful version of the future includes regular but infrequent face-to-face meetings interspersed with online webinars.
We had hoped to hold our Spring tutorial in March 2023 as a face-to-face workshop in London but train strikes made this impossible.
Therefore, we converted to an online slide seminar using both glass slides of challenging peritoneal cytology expertly demonstrated and discussed from Croatia by Professor Danijela Vrdoljak-Mozeti?, General Secretary of the European Federation of Cytology Societies (EFCS) followed by Dr Maria Buttice from St Thomas's Hospital in London who used whole slide scans of pancreato-biliary cases to illustrate pitfalls in this area of diagnosis with pertinent references to the recently published WHO "blue book" or, to give it its proper title, "WHO Reporting System for Pancreaticobiliary Cytopathology".
The use of whole slide digital scans in a workshop was a first for the BAC and we will endeavour to use this technology whenever appropriate and available for future online workshops.
The feedback from this meeting suggested that the participants found the seminar very valuable. In fact, in July 2023, the Royal College of Pathologists held an online Cytopathology Study Day, primarily for medical and non-medical trainees, with presentations formatted as a short 15 minute talk followed by whole slide images. Although not a formal BAC meeting, most of the presenters were BAC members and the structure again proved popular as another way of doing "remote double heading".
Just to prove we haven't forgotten about face-to-face meetings and how to do them, a day of talks with a hands-on microscope workshop was held on the subject of (cervical) invasive cancer audit in June 2023 at NEPSEC in Wakefield. The feedback, again, has been excellent and a follow-up is planned in the near future so watch this space, as they say.
Of course, the space to watch is the BAC website, where you will be the first to hear about upcoming BAC events (both online and in person) as well as many other events of interest from the EFCS, International Academy of Cytology (IAC), RCPath and others. Past BAC webinars are also available, free of charge (for members and non-members), on the BAC's YouTube channel which you can get to by following links from the website.
BAC's main aim is still to represent cytology and all those with an interest in cytology working within the UK. Executive members continue to work hard and although in some areas progress is slow or frustratingly not always possible. Highlights of the year include:
A successful BAC Spring Tutorial held Saturday 6th April 2024 on the Zoom platform and hosted by Dr. Bijal Shah and Dr. Ash Chandra on the theme of diagnostic Cytopathology.
The National FNA/ROSE Training - thank you to Mrs Leonie Wheeldon and Dr. Anthony Maddox.
BAC Representation at EFCS meeting in Leipzig including a Joint Companion meeting with the American Society of Cytopathology (ASC).
Bristol ASM/AGM meeting & thank you to Dr Bijal Shah for organising the meeting.
Webinars: The Borderline challenge, German HCS & screening for cervical cancer and Remote ROSE for head & neck; all very interesting and useful CPD provided by the BAC.
Developments of the BAC website and our social media platforms.
Surveys on the Cervical screening labs workforce and Borderline endocervical reporting.
Output from the successful BAC invasive cancer workshops shared with the Cervical Screening Programme. Working with IBMS & other interested parties regarding use of digital cervical cytology
Partnership working with IBMS to develop the Cytopathology programme for Congress 2025.
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Thank you again to all the dedicated and hardworking colleagues on the Executive committee and goodbye to outgoing Executive members Dr. Bijal Shah who will be replaced as Meetings Lead by Dr. Martina Munonyara. Whilst, Donna Morrison will take over the reins from Dr. Kay Ellis, who after working as Treasurer for the BAC since it formed in 2011, will be enjoying a well deserved retirement. Plus, a very warm welcome to Angela Brown.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The British Association for Cytopathology (BAC) was formed in 2011 following the merger of the British Society for Clinical Cytology (BSCC) and the National Association of Cytologists (NAC). BAC is a registered charity, charity number 276829, duly constituted under a Deed of Trust. The constitution and Rules were adopted on 25th September 1978, amended on 12th September 1982, 19th September 1990, 18th September 1991, 15th September 1998, 12th September 2006, 15th July 2011 and 15th September 2012.
Appointment to Executive
Executive members are appointed for a period of three years, and are appointed by a majority vote from nominations received at the Annual Meeting. The Officers of the BAC are selected from the Executive.
The AGM of 4th November 2017 approved some changes to The BAC Constitution, which are available on the BAC website. The major change was the expansion of the Executive to 12 elected members plus the President.
For the purposes of the Charities Act the officers and members of the BAC effectively act as the Charitable Trustees.
Organisation
The charity is based within the UK. It no longer has any permanent office accommodation of its own but its administration is handled through IBMS in London. The academic work of the organisation is controlled and organised through a series of committees, the membership of which is shown below.
We now have a "front desk" manned throughout the full working week through arrangements with IBMS in London. The remaining administrative duties have been devolved to members of The Executive.
Induction and training of new members
New members of the Executive are briefed on their legal obligations under charity law, the committee, and decision making processes of the Organisation.
Risk management
The Executive is responsible for safeguarding the assets of the BAC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:
a) the BAC is operating efficiently and effectively;
b) its assets are safeguarded against unauthorised use or disposition;
c) proper records are maintained and are reliable;
d) the BAC complies with relevant laws and regulations
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:
e) regular meetings and reviews conducted by the Executive
f) regular consideration by the Executive of the financial results in light of known expectations, non-financial performance indicators and review;
g) delegation of authority and segregation of duties;
h) identification and management of risks.
The Executive actively review the main risk which the charity faces on a regular basis, and believe that maintaining our free reserves at the levels stated below, combined with our annual review of the controls over key financial systems carried out through various reviews, will provide sufficient resources in the event of adverse conditions. The Executive have also examined other operational and business risks which we face, and confirm that they have established systems to mitigate the significant risks. The Executive wish to ensure that the BAC's internal financial controls in particular, conform to guidelines issued by the Charity Commission.
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 0276829
Principal address 12 Coldbath Square London EC1R 5HL
Trustees
Prof A Wilson Dr K Ellis Mrs S Mehew Mrs A Cropper (resigned 15/11/2023) Dr A Maddox L Wheeldon Dr M Munonyara K Rice D Morrison (appointed 18/10/2024) Mrs H Burrell (appointed 18/10/2024)
Independent Examiner
Philip Longstaff FCA Ellis Atkins Chartered Accountants Constable Court 62 Dene Street Dorking Surrey RH4 2DP
Executive Members
Dr Ash Chandra Dr Bijal Shah Antonia Tweed Karina Evans Angela Brown Susan Smith
Co-opted Members
Professor Philippe Viehl Mr Hedley Glencross 27/12/2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Dr A Maddox - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH ASSOCIATION FOR CYTOPATHOLOGY
Independent examiner's report to the trustees of British Association for Cytopathology
I report to the charity trustees on my examination of the accounts of British Association for Cytopathology (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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 applicable 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.
Philip Longstaff FCA
Ellis Atkins Chartered Accountants Constable Court 62 Dene Street Dorking Surrey RH4 2DP
Date: .............................................
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities 3 Advancement of scientific research 62,467 Investment income 2 375 Total 62,842 EXPENDITURE ON Charitable activities 4 Advancement of scientific research 74,352 Net gains/(losses) on investments (4,546) NET INCOME/(EXPENDITURE) (16,056) RECONCILIATION OF FUNDS Total funds brought forward 408,022 TOTAL FUNDS CARRIED FORWARD 391,966 |
Restricted fund £ - - - - - - - 13,333 13,333 |
31/3/24 Total funds £ - 62,467 375 62,842 74,352 (4,546) (16,056) 421,355 405,299 |
31/3/23 Total funds £ 1,566 69,162 45 70,773 66,690 (3,069) 1,014 420,341 421,355 |
|---|---|---|---|
The notes form part of these financial statements
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
BALANCE SHEET 31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 357 Investments 9 29,286 29,643 CURRENT ASSETS Debtors 10 50,430 Cash at bank 327,408 377,838 CREDITORS Amounts falling due within one year 11 (15,515) NET CURRENT ASSETS 362,323 TOTAL ASSETS LESS CURRENT LIABILITIES 391,966 NET ASSETS 391,966 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - 13,333 13,333 - 13,333 13,333 13,333 |
31/3/24 Total funds £ 357 29,286 29,643 50,430 340,741 391,171 (15,515) 375,656 405,299 405,299 391,966 13,333 405,299 |
31/3/23 Total funds £ 476 33,832 34,308 52,463 351,447 403,910 (16,863) 387,047 421,355 421,355 408,022 13,333 421,355 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 27/12/2024
............................................. A Maddox - Trustee
............................................. D Morrison - Trustee
The notes form part of these financial statements
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements present information about the charity as an individual undertaking and not as a group.
There are no material uncertainties regarding the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
The charity allocates its support costs on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website development - 33% on cost Plant and machinery - 25% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| 31/3/24 | 31/3/23 | ||||
| £ | £ | ||||
| Deposit account interest | 375 | 45 | |||
| 3. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 31/3/24 | 31/3/23 | ||||
| Activity | £ | £ | |||
| Subscriptions | Advancement of scientific research | 19,824 | 20,397 | ||
| Tutorial and ASM income | Advancement of scientific research | 2,705 | 1,553 | ||
| Journal royalties | Advancement of scientific research | 39,938 | 43,226 | ||
| Conference income | Advancement of scientific research | - | 3,986 | ||
| 62,467 | 69,162 | ||||
| 4. | CHARITABLE ACTIVITIES | COSTS | |||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 5) | Totals | |||
| £ | £ | £ | |||
| Advancement of scientific research | 37,727 | 36,625 | 74,352 | ||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| Management | costs | Totals | |||
| £ | £ | £ | |||
| Advancement of scientific research | 33,685 | 2,940 | 36,625 | ||
| Support costs, included in the above, are as follows: | |||||
| 31/3/24 | 31/3/23 | ||||
| Advancement | |||||
| of | |||||
| scientific | Total | ||||
| research | activities | ||||
| £ | £ | ||||
| Office costs | 5,625 | 3,140 | |||
| Travel | 3,239 | (198) | |||
| Administration costs | 24,000 | 24,000 | |||
| Subscriptions | 552 | 384 | |||
| Depreciation of tangible assets | 119 | 159 | |||
| Interest payable and similar charges | 150 | 134 | |||
| Independent Examiner's Fee | 2,940 | 2,940 | |||
| 36,625 | 30,559 |
continued...
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. INDEPENDENT EXAMINER' S REMUNERATION
| INDEPENDENT EXAMINER' S REMUNERATION | ||
|---|---|---|
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Independent Examiner's Fee | 2,940 | 2,940 |
Independent examiners remuneration for the year was £2,940 (2023: £2,940).
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
Details relating to trustees' expenses are given below.
Executive members
Travelling and directly incurred other expenses amounting to £7,842 were reimbursed to 15 Executive Members (2023 - £951 to 4 Executive Members). This includes £5,517 reimbursed to 7 trustees (2023- £464 to 2 trustees).
There were no staff directly employed during the year or previous period.
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Website | Plant and | Computer | |||
| development | machinery | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 April 2023 and 31 March 2024 | 17,626 | 6,339 | 524 | 24,489 | |
| DEPRECIATION | |||||
| At 1 April 2023 | 17,626 | 5,863 | 524 | 24,013 | |
| Charge for year | - | 119 | - | 119 | |
| At 31 March 2024 | 17,626 | 5,982 | 524 | 24,132 | |
| NET BOOK VALUE | |||||
| At 31 March 2024 | - | 357 | - | 357 | |
| At 31 March 2023 | - | 476 | - | 476 | |
| FIXED ASSET INVESTMENTS | |||||
| Listed | |||||
| investments | |||||
| £ | |||||
| MARKET VALUE | |||||
| At 1 April 2023 | 33,832 | ||||
| Revaluations | (4,546) | ||||
| At 31 March 2024 | 29,286 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2024 | 29,286 | ||||
| At 31 March 2023 | 33,832 |
9. FIXED ASSET INVESTMENTS
continued...
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. FIXED ASSET INVESTMENTS - continued
There were no investment assets outside the UK.
Cost or valuation at 31 March 2024 is represented by:
| Valuation in 2024 The market value is represented by the quoted market price at 31st March 2024. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued royalty income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income Prepaid subscriptions 12. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 408,022 Restricted funds Mina Desai Award 13,333 TOTAL FUNDS 421,355 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 62,842 (74,352) TOTAL FUNDS 62,842 (74,352) |
Listed investments £ 29,286 31/3/24 31/3/23 £ £ 50,430 52,463 31/3/24 31/3/23 £ £ 6,460 6,769 9,055 10,094 15,515 16,863 Net movement At in funds 31.3.24 £ £ (16,056) 391,966 - 13,333 (16,056) 405,299 Gains and Movement losses in funds £ £ (4,546) (16,056) (4,546) (16,056) |
|---|---|
continued...
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Mina Desai Award TOTAL FUNDS |
At 1.4.22 £ 407,008 13,333 420,341 |
Net movement in funds £ 1,014 - 1,014 |
At 31.3.23 £ 408,022 13,333 |
|---|---|---|---|
| 421,355 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 70,773 | (66,690) | (3,069) | 1,014 |
| TOTAL FUNDS | 70,773 | (66,690) | (3,069) | 1,014 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Mina Desai Award TOTAL FUNDS |
At 1.4.22 £ 407,008 13,333 420,341 |
Net movement in funds £ (15,042) - (15,042) |
At 31.3.24 £ 391,966 13,333 |
|---|---|---|---|
| 405,299 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 133,615 | (141,042) | (7,615) | (15,042) |
| TOTAL FUNDS | 133,615 | (141,042) | (7,615) | (15,042) |
continued...
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BRITISH ASSOCIATION FOR CYTOPATHOLOGY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
The Association operates unrestricted and restricted funds. Unrestricted funds are used for the general and scientific activities of BAC.
The restricted fund of £13,333 relates to a donation recevied in 2022. This donation is specifically to cover costs relating to the annual Mina Desai Award, an annual bursary for the European Conference and a tri-annual bursary for the International meeting. The donation is expected to fund this expenditure for up to ten years.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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