THE BRtll5H ASSOCIA PSYCHOP CH Sandison La Umited 2 St Marfs Road Tonbridge Kent TN9 2Lg
THE BRMS Directorfs Report Independent Examir*5 Report ststemeTrtof Finantial Activities 9- 10 &lance Sheet 11-12 Cash Flow 5tstement 13-19 Notes to theAccounts
THE BRMSH ASSOCIATION FOR PSYCHOPHARMACOLOGY CHARITh NO: 77825 MP REpoKfoF THE TRLisfEES forthe ar ended 31° December2023 The trustees WIK* are also dlrectors of the charity for the puryjoses of the Companles •lct 21Th. present their report with the financial statements of the charity for the year ended 31 Oecember 2018. The tiustees have adopted the prov1onS ofAcco(Kftlng and Reportfjty by Charftle&' Ststement of RecommendedPractice applicable to drItieS preparin8 their accounts in accordan with the Financlal Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 leffective I"January 20151. The charity is controlled by its governing document. ? deed of trust, and constftutes a limited compary, limited by guarantee, as defined the Companies Act 2006. Registered Company number 0586S899 IEnglèrKI andWale5) 277825 36 Cambridge Pla Hi115 Road Cambridge CB2 INS Indeperyl¢nt Examiner Mf Ryan Cottin8ton ACA Sandlson Lang Umlted 2 St Marfs Road Tonbridge KentTN92LB Contrd_...
BR TION FOR PSYCHOPHARMACOLOGY CHARITY t40: 277825 RTOF for the ear ended 31° December 2023 Alms arnl Obctfv To athance education and research In the SCIen of psychophamiacolo8y forthe public benefft and to publlsh the results of such research and h) fvrtherance of that object bul not further or otherwtse the A550Ctation shall have the followiTr8 power5: To brhw twher am FOnSInvofved or interested In the sclentific Study of pwchophaMCol0gY arTangin8 scientific meelings, seminars and study 8roup5 for the purposes of promotlng the practlce of psychopham13coIoEy developin8 the subjert matter and di5semlt)atlw tkne depMnts for the benefft olihe public To provlde guidance and Information to the publrc on matters relevant to psychophamiacokn, a5 appropriite b) On 5July 2(X)6 the was Incorporated under the Companies Ad 1985 as a private company and the companyls knlted. The AssocratK)n held 15 sclentific and educatlonal meetings throughout this perlod, Induding seven Modules of the BAP Certificatein Clinical Psychophannacolo8y, BAP Non-ainical Certiftate in Psychophmiatolow, the annual BAP Summer Meeling (heid in Manthester) aThl srx Ma5ter¢lasses in ainical Psychophamiaco108V. Awards made durin8 2023 included four BAP PhOpharnlacolog¥ Awards, @ight Poster Prizes Iln associatlon with the summer meetin81. the Llfetime Achievement Award, one Outstanding Contribution Award5, four Undergraduate Awards and two Publlc Communlcatioft Prlzek BAP provlded numerous butsarlests support younger fflember and undergraduate< attendance at the summer meetlng and also awarded three Robert Kerwin Internath)nal Conference Bursar5 and one Hannah StelnbergAYrdrd BAP also supported eight Summer Researth Internship project& BAP renewtd its membership of the Roydl Ststty of Blolo8y, Understa Animal Researth and the Foundation for Science ènd Techr108¥. The 8AP Online ContInulg Professional Development Resoufce ulldeNentfwther development and expanslon. Seven Clinical Certthcate modules and six Masterclaws in Clinirdl Psychopharn)acolobY P of which wlll be onllne events) will be held in 2024. The 2024 Summer Meetifi£ wlll be held in BInnIngM. Llaison with other relevant groups will contlnue vknere appropriate and the W will take exhibition Spa at eventslo The c0ftt to 5trfve to briry together •ll discipllnes in psYchophamcoknW3nd this effort xrfll be maintained in the comlng year
THE BRlSH AssoaATION FOR PSYCHOPHARMACOLOGY CHARrrY NO: 277825 ANY NO: REPQRT for the F THE TRU TEES arended 31X December 2023 The BAP ReseNes Policy Is defined in temis of the investments In bonds and unit tnsts and exclude5 the val¢p of the BAP offe buikllng at 36 Cambrid8e Place, CambTidge. The BAP wll aim to maintsln a mlnlmum of two-and+halfyearfs expendlture in reseNe The Trustees have examined the rfsks which the charity faces and confinn that systems have been established to re8ularly review such risk& Presldenl: Professor David Baldwln, ilniversity of Southampton Presldentlect: Profe5SDr Catherine HanneT Past President: Professor Kevln Fone, Uni¥er5ity of Nottln8ham Honorary Treasurer Dr Anthony VeTnon. f•rfs College LondoTr Honornry General Secretwy. Profe55or Rochel Upthegrove Uni¥eiW of 8irmin8ham Meetin85 Secreta. Dr James Stone. Unlversity of Su55ex Secretsry for C1 Prokssor Carmine Pariante, Ws Colle8e tondon External Affairs: Seuetary for Non4nlcal External Atrairs: Dr MadeleiNe Unlvers1ty(rf Ilottih*rn Dr Sameerjauhar. Kln¢s CoMeBe london Dr Susannah Murphy, Unlversity of Oxford Dr Digby Quested, Univew5ity of Oxford DrAlex Plpe. Universlty of YoTk Dr David Dlckens. UnIvety of liverpool Drjonathan Ro8ers, Universlty College London No TtusteelDlrectOf receivad any remuneTrtion durlng the year.
REPORTOF THE DIREcfoRS OF THE BRM H ASSoaAIION FOR PSYCHOPHARMACOLOGY CHARrrY NO: 277825 COMPANY NO: 5866899 REPORT OF THE TRU5fEES forthe ear ended 31. December 2023 Statement of Tntstees Responslbllltle5 The trustees (who are also the dIrtorS of British Associalion for Psychopham?acolo8y for the pun)oses of company law} are responssble for preparin8 the Report of the TneeS and the filnCial 5tstements In accordance with applicable law and Untted Kingdom Accountin8 starards (Unlted Kln8dom Generally Accepted Accounts Pradice) Company law requires the trustees to prepare financol ststements foreach finandal year whith Rwe a tn and falr vlew of state of affairs of the charitable company and the incoming resources. including the income and expenditure. of the charitabk Company for that period. In preparin8 those fin•nctal statements. the trustees are iequired to selert suitable atcountlng poliaes and then appty them consistenttr, observe the methods and principles in the Chawity SORP; make judgements and estimates that are Teasonable and Prlent. prepare the financial statements on the golng concem basls unles5 it 15 inapproprlate to presume that the charitsble t(paNY will a>MiDue in business. al any time the financial posltion of the rharltsble company and to enable them to ensure that the flnancial sfatements compty with the Companies Act 2(. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Dr Anthory Vemon Honorary Trea5urer- on behalf of the Directors 024
INDEPENDEPExAmINER's REPORTTO THE TRusfEES OF THE BRITISH ASSOCIATION FOR PSyCHOPHARCOLoGy Comparf) I report to the charity tfttees on my examlnation of the accounts of the Company for the year •nded 31 December 2023. ReSpOnbIlItIeS arnl basls of re As the charity's trustees of the Company (and also its directorsfor the purposes of company lawl you are responsible for the Preparntion of the accounts in accordance with ihe reoulrements of the Companles Art 21M)6 (Ihe 2LTr)6 ACV). HayKvd 5atlsfied myselfthat the accots of the Company are nol iequlred to be audited under Part 16 of the 2006 Act and a ellgible for independent examlnation. I report in respert of my examination of your charity's accounts as cafrled out under section 145 of the Charities Art 20111Ihe 2011 Act'l. In ca1 out my examination I have followed the Dtrections 8iveTr by the Charlty Commlsslon under 5ertion 145151 {b) of the 2011 Act. Indeperrflert examlnees statrment Since your charÉVs 8r055 income exceeded £250.IXL) your examlner must be a member of a listed body. l Can confinn that l am qualrfiedto urnlertakethe examinatitm because lam Jre8iSteredmemberoflCAEW whlch Is one of the listed bodies. I have completed my examlnation. I confim? no rnatteis have come to my atteniknn in connectlon with the examlnation glving me cause to believe: accounts recordswere rax kept In sPertOf theconyary as fequlred by sectlon 386 of the 2006 Act: or the accaunts do not accord wlth those records; or the accounts do not compty with the accountlng reouirements of sectSon 396 of the 2W6 Act other than any requlrement that the accounts give a true and fair view which is not a matter consklered as part of an indyndent examination; or the accounts have not been prepared in accordance with the methods 8nd principles of the Statement of Recommended PraLlice forac¢ountHI8 and reporting ty tharities lapplicable to charities preparing their accounts in accordance with the FIFbancial Reportln8 Standard applTcable In the UK and Republlc of Ireland (FRS 102)]. attention should be drawn in thls report in order to enable a proper under5tandiTr8 of the accounts io be reached. Mr ltyan Cottington, ACA Sandlson Lan8 Limited 2 St Marf5 Road Tonbrldge TN9 2L8 Date: 2C s(ly 2L72
THE BRMSH Assoa4TION FOR PSYCHOPHARMACOLOGY STATEMENTOF FIWINCJALAcnvmES INCOME AND EIIDOWMENTS FROM Membership Subscriptions Donations Le8acy from Professor Hannah Steinberg 48.940 49,579 Journal of PsychopharniacoloBY Book Sales l Royaltks 155.574 3,201 155.574 3.201 16L061 5,242 Bank interest Di¥iden(ts 18,735 34P19 18,735 3419 6.954 14595 MeetiTrx income Meetlng income {PTloryears) Meeting Income refunded IprSoryoaf5) Onllne CPD Resource 421.808 421A08 41X)A16 938 1580) 60,570 57387 S7387 Other Incom• other income Totsl InnI resour¢ £ 57,387 £682,887 £740.274 £698.775
STATEMENTOF FINANaALACTwmES rthe r ended mber 2023 exPENilRE ON Notes Restrirted Unrestii¢ted Totsl Funds T¢tsl Fund5 Fund5 Funds 2023 2022 Ratslng Donatio and Lezacles Joumal of Psychopharmacologv Promotion Costs Book Costs 1,941 1,941 1,859 3,033 6,398 Charltable acti¥ltles Meeting expenses BAP Initiatives Prizes Research Internships Certificate expenses Affiliation to Other 5oaetie5 Secretarlal and other staff costs Recruitment Computer systemlsoftware15erver 5uppr)rt Prlnlin& postage and atIonery Donations 426.796 426.796 61.362 4,840 28,750 225 3.222 121,696 6,240 418,146 21.501 5.590 11,480 61,362 4,840 28,750 225 3,222 121,696 6.240 2,229 107,372 9,899 4.793 9,899 4,793 7.485 3,530 5,rAIo Support Costs Office insurance ReIrS and rnaintenan Council tax and water Li8ht and heat Cleaning Telephone costs ank and card prO5$ing charge5 Sundry expenses Advertising Depreciation Council meetings expenses Accountancy Managernent charges Payroll servlce costs 1,894 1.151 3.411 1,327 960 3,968 1,894 1.151 3.411 1,327 960 3.968 1,913 730 3.128 962 3.581 9.971 13 794 12,204 15.053 3.120 16.482 1,754 502 502 11,655 15,808 3.300 22.480 1,915 11,655 15.808 22,480 1,915 Total resourtes expended 61.362 686,364 747,726 664,Z88 14et Gal(&055e5) on investments 128.096 128.096 (231.7741 hlET (EXPENDrruREV INCOME £(3,975) £124,619 120,644 £1197,2871
THE BRlsH ASSOCIATION FOR PSYCHOPHARMACOLOGY STATEMEMf OF FINANCIAL ACTIVITIES RECONCILIATION OF FUNDS Funds 2023 Plet {Expenditu) I Income forthe Year Total Fund5 brought forward (3,9751 96.235 124.619 2.396W8 120,644 2,492,683 Total Funds carried fvfward £92.260 £2521.067 £2,613.327 All income and expenditure has arlsen from conlinuing arti¥it*
THE BRMSH ASSOCIATION FOR P LOGY BALANCE SHE Funds Funds 2023 20Z2 Talble assets Investments 219,745 1.811,102 219.745 1,811,102 231.4(K) 1,653.822 2307 2,030,847 1,885222 Debtors Cash at bank 153,926 431,880 153,926 524,140 154.416 562,079 92,260 585.806 92.2 678.L 716.495 Amounts fall'ng due withln one year 10 {95,5851 (95,5851 (109.034) 490,221 92260 5&481 607061 92260 2 613328 2A92,683 £2.521.068 £92.260 £2,613,328 £2,492,683 FUND5 Vnres¢rktpd FuNts Restricted Funds 2521,068 92,260 2,396,448 96,235 2,613.328 £2.492.683
ThE BRrnsH ASSOCHTK)N FOR PSYCHOPHARMACOLOGY BALANCE SHEEr s at 31st December The dwltabk company ts entltledto exemptknn from audlt undersectlon 477 of the QJmp4nie5 Act 21X for the year ended 31 December 2023. The members have not requlred the companyto obtsln an audh of Ilsfinanrial statements for the yeai ended 31 Dernber 2023 in accordance with Section 476 of the Companles Art 2tK)6. The trustees acknowledge thelr fesponslbilltles lor a) ensurin8 that the charitable company keeps accounting records that comply wlth Secttons 386 and 387 of the Companles Act 2CI)6 and b) preparlng flnancial statements whith give a Iru¢ and fair view of the stste of affairs rfthe charltable company as at the end of each financlal year and of its surplu5 or defidt for each financial year in accordante wlth the requirements of Sectlon5 394 and 395 and which othenvi5e comply with the requirements of the Companies Act 2006 relatinB to financial ststements, so far as applicable to the charitsble tompany. The fittancial statements were apProd bythe Board of Trustees on_....-....... .~ .- ..--.--..... .. -.-- and were signed on its behalf by: Dr AnthonyVemon-Trustee io-
THE BRMSH ASSoCTk)N FOR PSycHOPHAACOLoGy CASH FLOW StAIEME are 31# Deomber 2023 2022 Cash IIows from operating activltses: Cash generated from opeiations (39A)61) 751x16 Nel cash provrded by (used in) operation activttie5 139,061) 75,iN16 Cash flows from 1Thsn8 actlvltles: Purchase of tsngible fixed assets Purchase of red è55ets Investrmnts Interest received 1,122 L107 Net cash provided by (used in) investin8 activtties 1,122 1.107 Change in cash and ush eqlfvalents In reportlng perlod Cash and cash equivalents atthe be8innin8 of the reporting period (37,939) 76,113 562,079 Cash and cash equivalenls at the end of the reporti3 period £524,140 £562.079 li
ThE BRillSH ASSOCIATK)N FOR HOI>HARMACOLOGY NOTES TO THE CASH FLOW STATEMENT forthe l Dember 2023 RECOIKIUA710N OF NETINCOMV(EXPEIIDtniREITO NEfcASH FLOW FROM OPERATING Acnvmes 2023 Net {expenditure)/ income for the reportingper40d per the statement of financial activities) Adjustments fi>r. Depreciatlon thar8es LDsses/(Galnl on Investments OFvidends re£ei¥ed on Investments Management charges on Investments Interest recelved on IfNestments Interest recelved on Cash at bank Ilncrease) / Decrease in debtors {Decre05e) I In¢•se In credltors 120,644 (197,287) 11,655 (128.0961 134,049) 22,480 {17,614} (1,122) 490 113A49} 12,21 231,774 (14.595) 16,482 15.8471 (1.1071 142.7871 76,169 Net cash provlded tyIu5ed in) operating activltles 39.(611 £75.( 12-
THE 8RITSH AssoaATION FOR PSYCHOPIIARMACOLOGY IffiES TOTHE ACCOUNTS for the arended 31" December 2023 Basis of preparing the financial statemenls. The financial statements of the charftable company, v4hith 15 a wbllc belfft efttlty under FRS 102, have been pPared in acmrdance with the Charitie5 SQRP IFRS 102) "Accounting and Reporting bv Charltie5: Statement of Ilecommended Practite applicable to charitie5 preparing their accounts In attordance with the Fhun¢lal Reportln8 Stsndard applicable in the UK and Republic of Ireland IFRS 1021 {effertlve I" January 20151°, Financial Reporting Standard 102 Yhe Fln8ncial Reporting Stsndafd applicable In the UK and Republic of Ireland" and the Companies Act 21. The financial statements have been prepared under the historical cost convention wlth the exception of Investments which are incked at matket value. as modlfted bythe reVaIlon of certain a55ets. All Incorne is recognised in the Statement of Financial Activities once the tharlty has entitlernent to the fund4 it is probable that the Incow will be received and the amount can be measured reliaNy. Liabilrties are recognised as expenditure as soon as there is a legal or constructfve obliKation commftting the charlty to that expenditure. it is wobabFe that a transfer of ecoMmic benefits will be required in settlement and the amount of the obli8ation be measured reliably. ExnditUre is accounted for on an accruals basis and has been cla55ifted under headings that ag8re8ate all c05t related to the category. Where costs cannot be diiectly attributed to particutsr headings they have been allocated to artr¥ities on a basis consistent with the use of resour$. Tarylble Il¥ed assets Depreciation is provided at the followtng annual rale5 in orderto wrlte off each a55et over its estlmated useful lrfe on thefollowln8 ba5 Property 5% reducing balance ba95 Equlpment - 25% reducing balèftce basis Fixlure5 and FJttin85 - 25% reducing balaTh basls Investments are initially reco8ntsed at thelrtransactlon value and subsequently measured attheir fair value as at the Balance Sheet date using ihe closin8 market value. The chariEy is exempt from corporation tax on its charitable activities. Convd..... 13-
THE BRMS TION FOR PSYCHOPHARMACOLOGY NOTES TO THE ACCOUNTS forthe ear ended Unre51riaed funds can be used in accordance with the charitsble objectives at the discretion of Ihe tntee5. Restrlrted funds can be used lor particular restricted purposes th•Th the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrkted purposes. Further explanation of the nature and purpose of eath fund ts Inclth In the notes to the flnancial statements. ConYd.-.. l4-
THE BRITISH PHARM NOTES TOTHE Accoumrs fort arended 31° Dernber 2022 Sthedule of Income •nd relathyto Mertlry5 durfftgth• y•ar•nded 31# Oetember 2023 Surplus January 2023 8ri5t0l- Anxiety Dlsorders 19,750 20.609 1859) Febnwry 2023 Manchester- Sub5tsnce MI5use 18.276 18,262 14 March 2023 Cambridge- Non-ainical Certificate 4.250 31,882 {27.632) March 2023 southampton - Chlld and Adole5ont 29.101 21,263 April 2023 London- Masterclasses 591170 47,469 li01 May 2023 Blrmlngham- Schizophrenia 23y5 17,436 6,109 July 2023 Manchester- Summer MeetinB 136,308 195,733 159.42S) September2023 Newcastle. Affertive Oisorders 24.194 20,948 3246 Ortobtr2023 Newcastle- Old A8e 23.982 20,899 3,083 October2023 Newcastle - Child and Adolescent 24.891 zi,tsi November 2023 London. Maslerclasses 58.441 11,164 47,277 £421,808 £426,796 (£4,988) 15-
THE BRMSH ASSOaAMON FOR PSICHOPHARMACOLOGY THE ACCOU r 2023 In Wwo Trnlnlnz Fund Onllne CPD Resource 15 26.5 8,855 Robert KeTwin Bursarles 5,542 7,246 VPM Library 1,320 Hannah Steinbur8 10,000 Newcastl¢ Unrrfer5ity Stipend 61,362 21.501 BAP In Vkn Trnl Fund Launched In 2009, the aim of this stheme Is to 8lve students training and experience in iTrvivo skills in psychopharmacolobry and related neuroscience fields. ApplicatloThs are supervisor-led and up to 4 summer vacation student projects are supported {at £5,1))O/Award). To commemorate Professor Ken,$ support and mentorship of youn8 scientists. the COU11 introduced annual bursaTie5 in 2008, to be awarded in hi5 name. Each buary covers travel expenses and the regstration fee for an internatlonal conference (excluding ihe BAP sumMermeetln. tO8ether with subsisten. Thls tool provides comprehensfve coverage of psychopharmacology, from generic principles tothe treatmenl of Specif conditions. The resource complements and Supplements the BAP face to face meetings- Masterdasses aFbd Certifiote modules- and the Fundamentals of Clinical Psycl)opharmacology texti VPM Ubrnry BAP took over the hosting of Vlsualislng Psychotropic Medldne IVPMI In 2017. VPM ts a way to che( mode of actlon, efficaq and side effects for psyclKitropic medicine5 and can be used as an interactlve leamkn8 tool or to model new medicines. It is on the BAP website as a free educatlonal resource. Newcath Unl¥erslty StId Paid to Newcastle University on an academicfee wal¥er basls for the BAP Director of Education. 16-
THE BRMSH ASSOCi4TION FOR PSYCHOPHARMACOLOGY TOTH ACCOUNTS for the r ended 31" mber 2023 Clinical Ce ifate Iorne s: Expenses £4 Restfkt•d Funds Balance at 01.01.23 IornIng Resources Expenditure 98,419 57.387 61,362 Balance at 31.12.23 £94.444 Restricted funds are those moDFes allocated to fund various BAP inibati¥es durin8 the year. Stsff Costs The staff costs were: Salaries Pen51on Costs 121,696 (4,1651 111537 {4,165) £11731 £107,372 The average monthty Aumberof employees during the year was as folh)w&' Ilo employee receIVedenlUnts In excess of £60.IfKI. ConVd_.. 17-
THE BRITISH A$)cIATIoN FOR PSYCHOPHARMACOLOGY TO ThE ACCOUNTS FtureS Equlpmert & Fminp Totals A5 èt 01.01.23 Additions 525.959 33.651 567W4 As at 31.1223 525,959 33,651 8.284 As at 01.01.23 Charge for the Year 294,648 11,566 33,574 8.272 12 336.494 12,204 As at 31.12.23 306,214 33.651 348,149 NetBook Value Asat31.1223 £219,745 £219.745 As at 31.12.22 £243.485 £ 103 £ 16 £243.604 Market Valu¢ as at 31.12.23 MIXEDASSEf FU14D5 A5 at0i.oi Dtvidends and interest recelved Management fee5 Fncurred Unfealised1055 £1.653A23 £51,662 1£22A79) £128.096 As at 31.1223 ll11.102 Unreallsed 105$ ts£128,0% 18-
THE 8RFfisH ASSOCIATION FOR HOP forthe ear ended 31. mber2023 2022 Outstsndlng Joumal Income Outstandin8 meeting income Meeting expenses pald In advance 135A20 L430 17J)76 141213 IOA85 2,318 £153?26 £IS4A16 2023 Outstandin8 meetlnB expenses Accrued meeti118 income oiher credltors Amount incorrectty paid BAP account 328 99,625 9,081 74.965 13.920 £95.885 £109.034 ii. Nine Tnstees/Dirertors reoived a total of £15A2112022- £L731) in reimbursements dufth82023. No Trt recelved afty remuneratlon during theyear. 19-