OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-02-29-accounts

Charity registration number 282553

BRITISH DIETETIC GENERAL & EDUCATION TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

BRITISH DIETETIC GENERAL & EDUCATION TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Angela Madden
Michelle Rae
Elaine Buckley (Appointed 1 September
2024)
Susan Price (Appointed 17 October
2024)
Lorraine Watson (Appointed 1 November
2024)
Sophie Davies (Appointed 1 November
2024)
Charity number 282553
Registered ofce 3rd Floor
Interchange place
151 - 165 Edmund Street
Birmingham
B3 2TA
Independent examiner TC Group
Star House
Star Hill
Rochester
Kent
ME1 1UX

BRITISH DIETETIC GENERAL & EDUCATION TRUST

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of fnancial actvites 6
Statement of fnancial positon 7
Notes to the fnancial statements 8 - 15

BRITISH DIETETIC GENERAL & EDUCATION TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 29 FEBRUARY 2024

The Trustees submit their annual report and the unaudited financial statements of British Dietetic Association General & Education Trust (the charity) for the year ended 29th February 2024. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).

Trustees responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.

Objectives and activities

GRANTS, AWARDS AND PRIZES POLICY

The Trustees have, over the years, established a policy on making grants, awards and prizes, by practice, precedents and decisions in principle. This complies with the requirements of the rules and legislation that governs Charities, requiring a formal policy which codifies those decisions.

BRITISH DIETETIC GENERAL & EDUCATION TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

REVIEW OF ACTIVITIES

Elsie Widdowson Lecture

The Trustees have continued to support the annual Lecture to commemorate the late Dr Elsie Widdowson who was one of the Twentieth Century's most important figures in the field of nutrition and dietetics.

The 2021/22 Elsie Widdowson Lecturer was Jacqueline Walker MSc BSc who gave the Lecture at The British Dietetic Association's BDA Annual General Meeting on ‘A public health approach to Dietetics’.

Awards and Grants

The Trustees supported a number of activities during the year, approving new grants and awards.

All three of the GET Awards were awarded in 2023. The winner of the Rose Simmonds Memorial Fund Award was Sally Abbott for a published piece of work in a peer reviewed journal for ‘Variation and outcomes of liverreducing dietary regimens before bariatric surgery: A national retrospective cohort study’.

The Elizabeth Washington Award was awarded to Shawn McLaren for a published/presented educational work for the Nutrition and Global Health textbook.

The winner of the Dame Barbara Clayton Award was awarded jointly to Dr Emma Parsons and Irantzu ArreguiFresneda for Dietetic Student Mealtime Assistants; Enhancing practice education and quality of care

The Trustees considered 18 grant applications for development, research or educational activities in 2023/24. The Trustees approved funding for 6 grants and made provisional decisions which may lead to additional applications being funded in due course. Overall, the Trustees made available in excess of £164,000.

The Trustees also paid out close to £8,000 to support dietitians to attend conferences to promote the science and practice of dietetics.

Investment policy and performance

The Trustees review the investment and allocation policies annually, both to reassess the reasons for keeping reserves and to ensure that appropriate levels are maintained. An Investment Policy has also been drawn up, to structure the Trust's assets. The Trustees agree a range of parameters, within which the portfolio can be adapted to meet the changing circumstances of the markets. The parameters are reviewed on a regular basis, or whenever a significant event occurs. The Trustees reviewed the investment portfolio during 2023/24 but made no major adjustments in the investment funds.

The Trustees have agreed a socially responsible investment policy and the GET funds are invested accordingly.

The Trustees appointed Cazenove Charities to manage the Trust Fund’s investments from 2017 onwards.

Financial review

GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

BRITISH DIETETIC GENERAL & EDUCATION TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

RESERVES POLICY

The Trust Deed gives the Trustees the power "to accumulate income for so long as may be permitted by law or invest the same or apply the same as income in any subsequent year". The Trustees hold reserves in the form of a portfolio of investments and deposit accounts.

There are three funds, a General Fund and two Designated Funds: the Rose Simmonds Memorial Fund; and the Elizabeth Washington Fund. There is also an annual award entitled the Dame Barbara Clayton Award for Innovation in Dietetic Practice which was created to recognise the contribution of Dame Barbara to the BDA. The annual accounts of the Trust give the level of reserves they are holding on the last day of the relevant financial year to which those accounts relate.

The Trustees' Policy on reserves states that:

"The reserves are held:

The Trustees have calculated the potential impact for the third bullet point above and have identified a need to consider around £750,000 from the free reserves for this contingency. However, to satisfy the first two bullet points and to provide a reasonable income for on-going support to grant requests, the total reserves should be higher than this amount alone. The Trustees consider that the present level of reserves is sufficient to meet the needs set out above.

The Trust's expenditure policy is based on making appropriate use of its existing funds. In the event that part of the income arising from the funds in any one year is not spent on grants or projects, owing to an absence of applications of a sufficiently high standard, the unspent amount will ordinarily be added to the Trust's reserves. Given the sums involved, this practice is unlikely to result in reserves that are too high for the Trust's needs. Conversely, given the nature of the Trust's commitments, a substantial part of the reserves could be used at any point without risking insolvency or seriously disrupting its work.

Current Reserves

At the end of the financial year 2023/24 the BDA GET General Fund unrestricted reserves totalled £1,763,557 (£1,856,914 for 2022/23) and the designated funds totalled £150,522 (£103,570 for 2022/23) made up of grants approved within the year but unspent at the end of the year. This gave an overall total of £1,914,079 (£1,960,484 in 2022/23).

BRITISH DIETETIC GENERAL & EDUCATION TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

Structure, governance and management

CONSTITUTION

There have been no changes in the objectives since the last annual report.

The trustees who served during the year and up to the date of signature of the financial statements were: Caroline Bovey, Chairman (Resigned 17 October 2024) Linda Wedlake (Resigned 1 April 2024) Angela Madden Michelle Rae Samantha Peters (Resigned 19 September 2023) Sarb Bajwa (Appointed 19 September 2023 and resigned 1 June 2024) Elaine Buckley (Appointed 1 September 2024) Susan Price (Appointed 17 October 2024) Lorraine Watson (Appointed 1 November 2024) Sophie Davies (Appointed 1 November 2024)

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and co opted under the terms of the Trust deed. Since the last annual report the Trustees agreed a policy of co-opting the immediate past Chair of the Trustees onto the Board as an observer. This is to ensure consistency of governance and also to ensure the expertise developed by their Chair over their two-year term is not lost. While the immediate past Chair will not be a full Trustee they will fully participate and contribute to decision making.

RISK MANAGEMENT

The major risks to which the Charity is exposed have been identified by the Trustees. Systems are in place to eliminate or diminish these risks. A Risk Register is in place and is updated annually. The Trustees developed a service level agreement with the BDA, to clarify the level of support from the BDA and the relationship between the two bodies. The Trustees meet quarterly, with half of the meetings by teleconference and half face to face, to keep operational costs to a minimum. This allows for more timely decisions on grant applications. The Trustees have trialed different methods of hearing directly from grant applicants, by person and by telephone, to ensure they are fully informed of all relevant matters before making a decision on an application.

The company's current policy concerning the payment of trade creditors is to:

The trustees' report was approved by the Board of Trustees.

..............................

Susan Price

Trustee Dated: .........................

BRITISH DIETETIC GENERAL & EDUCATION TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BRITISH DIETETIC GENERAL & EDUCATION TRUST

I report to the trustees on my examination of the financial statements of British Dietetic General & Education Trust (the charity) for the year ended 29 February 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Sally Meah FCCA

On behalf of TC Group

Star House Star Hill Rochester Kent ME1 1UX

Dated: .........................

BRITISH DIETETIC GENERAL & EDUCATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 29 FEBRUARY 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Donatons and legacies 2 79 1,821
Investments 3 82,776 100,202
Total income 82,855 102,023
Expenditure on:
Charitable actvites
Grants paid 4 147,100 116,214
Award costs 4 18,244 12,557
Total charitable expenditure 165,344 128,771
Net gains/(losses) on investments 36,084 (35,181)
Net movement in funds (46,405) (61,929)
Fund balances at 1 March 2023 1,960,484 2,022,413
Fund balances at 29 February 2024 1,914,079 1,960,484

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BRITISH DIETETIC GENERAL & EDUCATION TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 29 FEBRUARY 2024

Notes
Fixed assets
Investments
8
Current assets
Debtors
9
Investments
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilites
Net assets excluding pension liability
The funds of the charity
Unrestricted funds
2024
£
£
1,855,934
-
73,159
25,332
98,491
(40,346)
58,145
1,914,079
1,914,079
1,914,079
1,914,079
2023
£
£
1,819,850
225
69,828
135,808
205,861
(65,227)
140,634
1,960,484
1,960,484
1,960,484
1,960,484
2023
£
£
1,819,850
225
69,828
135,808
205,861
(65,227)
140,634
1,960,484
1,960,484
1,960,484
1,960,484
1,960,484
1,960,484
1,960,484
1,960,484

The financial statements were approved by the trustees on .........................

..............................

Susan Price

Trustee

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

1 Accounting policies

Charity information

The General and Education Trust was founded in 1981. The Trust is governed by non-executive Trustees under the terms of the Trust Deed. Trustees have particular responsibilities for the payment of grants under the Trust Deed. The Trust raises money from supporters of the Trust and through other events. The Trust has no employees.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.3 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Investment income is accounted for in the period in which the charity is entitled to receipt.

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

1 Accounting policies

(Continued)

1.4 Expenditure

Expenditure is included on an accruals basis.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.

Management and administration comprises costs for the running of the charity itself as an organisation.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.5 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.6 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donatons and gifs 79 1,821
Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Income from listed investments 79,445 99,082
Income from investments and Tax recoverable thereon 3,331 1,120
82,776 100,202

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

4 Charitable activities

Grants paid
Award costs
2024
2024
£
£
Elizabeth Washington Fund
Award
-
2,000
ICD Travel Awards
-
8,154
Rose Simmonds Memorial
Fund Award
-
3,000
Dame Barbara Clayton
Award
-
4,000
Elsie Widdowson Lecture
-
1,090
-
18,244
Grants paid (see note 5)
117,161
-
Share of support costs (see
note 6)
25,144
-
Share of governance costs
(see note 6)
4,795
-
147,100
18,244
Total
2024
Grants paid
Award costs
2023
2023
£
£
£
2,000
-
2,000
8,154
-
6,248
3,000
-
3,000
4,000
-
1,309
1,090
-
-
18,244
-
12,557
117,161
87,140
-
25,144
24,947
-
4,795
4,127
-
165,344
116,214
12,557
Total
2023
£
2,000
6,248
3,000
1,309
-
12,557
87,140
24,947
4,127
128,771

5 Grants payable

Grants paid Grants paid
2024 2023
£ £
Grants to insttutons: 117,161 87,140

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

6 Support costs

Insurance
Management charge
Policy support
Accountancy
Analysed between
Charitable actvites
Support
costs
Governance
costs
£
£
2,100
-
8,824
-
14,220
-
-
4,795
25,144
4,795
25,144
4,795
2024Support costs Governance
costs
£
£
£
2,100
2,030
-
8,824
8,697
-
14,220
14,220
-
4,795
-
4,127
29,939
24,947
4,127
29,939
24,947
4,127
2023
£
2,030
8,697
14,220
4,127
29,074
29,074

7 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

8 Fixed asset investments

Listed
investments
£
Cost or valuaton
At 1 March 2023 1,819,850
Valuaton changes 36,084
At 29 February 2024 1,855,934
Carrying amount
At 29 February 2024 1,855,934
At 28 February 2023 1,819,850
2024 2023
Listed investments included above: £ £
Market value if diferent from carrying amount 1,855,934 1,819,850

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

9
Debtors
Amounts falling due within one year:
Prepayments and accrued income
10
Current asset investments
Unlisted investments
11
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income
2024
£
-
2024
£
73,159
2024
£
8,824
27,097
4,425
40,346
2023
£
225
2023
£
69,828
2023
£
8,697
54,616
1,914
65,227

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 March
2023
£
Designated funds
103,570
General funds
1,856,914
1,960,484
Incoming
resources
£
164,113
(81,258)
82,855
Resources
expended
£
(117,161)
(48,183)
(165,344)
Gains and
losses
At 29 February
2024
£
£
-
150,522
36,084
1,763,557
36,084
1,914,079
Gains and
losses
At 29 February
2024
£
£
-
150,522
36,084
1,763,557
36,084
1,914,079
1,914,079

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

12
Unrestricted funds
Previous year:
At 1 March
2022
£
Designated funds
130,893
General funds
1,891,520
2,022,413
Incoming
resources
£
101,756
267
102,023
Resources
expended
£
(129,079)
308
(128,771)
(Contnued)
Gains and
losses
At 28 February
2023
£
£
-
103,570
(35,181)
1,856,914
(35,181)
1,960,484
(Contnued)
Gains and
losses
At 28 February
2023
£
£
-
103,570
(35,181)
1,856,914
(35,181)
1,960,484
1,960,484

BRITISH DIETETIC GENERAL & EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2024

13 Related party transactions

The following amounts were outstanding at the reporting end date:

Amounts owed to related
partes
2024 2023
£ £
Britsh Dietetc Associaton 27,097 54,616