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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 01676618 (England and Wales)
REGISTERED CHARITY NUMBER: 286197

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

The British Toxicology Society

Sutton McGrath Hartley

5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

The British Toxicology Society

Contents of the Financial Statements for the Year Ended 31 December 2020

Page
President's Report 1 to 6
Operating and Financial Review 7 to 8
Report of the Trustees 9 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 25

The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

I have pleasurein providingmy reportfor thisyear'sAGM on the highlightsof activitiesundertakenby the Executive Committee
anditsSubcommitteessinceApril2020.MoredetailontheseactivitiesisprovidedintheindividualreportsoftheOfficers and
Chairs of the Subcommittees.

Membership

TheMembershipoftheBTShascontinuedtoincrease,with930membersasofDecember2020.Itisgoodtosee this continual
increaseinnumbers.TheExecutiveCommitteeconsideredmembershipasanimportantareaandalthoughtherehasbeen a
steadyincreaseit was felt thatmore couldbe doneto attractnew members andensurewe retaincurrentmembers, particularly
ourstudentmembers.InOctober2020acallwassentoutformemberstoapplyforthenewroleofMembershipFacilitator. In
January2021theExecutiveCommitteeappointedDrLisaGodfrey,whoisco-optedontotheExecutiveCommittee.Lisa is
currentlya ProjectToxicologistatAstraZenecawhereshedesignsandinterpretstoxicologyresearchprogramstoenable clinical
development.I would like to welcome Lisa to this new role and look forwardto workingwith her on this very important initiative.
As partof her roleLisawillalsobe lookingat the benefitsofferedto the membersandwhatmore the Societycan provide.A list
of currentbenefitscanbe foundherehttps://www.thebts.org/wp-content/uploads/2020/11/Members-Benefits-June-2020.pdf. I
am sure over the coming months you will be hearing from Lisa to gauge your views as members.

Membership Survey

AMembershipSurveywaslaunchedlastOctober2020tocapturetheviewsofourmembersonarangeoftopics including
member benefits,communication,the BTS website, format of the Congressand furtheropportunitiesfor training.The survey  was
undertakenbyanexternalcompany,TheLeadershipFactor,andmythankstothemfortheirsupportandRachelAllenfor her
helpandadvicewiththissurvey.Theresultsofthissurveywillbeprovidedatthisyear'sAGM.Mythankstothoseofyou who
respondedto the survey. I would also like to acknowledgethe work of the Survey Team, led by ProfessorBrian Lake, and to  thank
Dr Fiona Sewell for the work she has done in getting the results of the survey analysed.

Co-opted Positions on the Executive Committee

DrDavidWoolleyhasbeenappointedtotheChairoftheCommunicationsSubcommittee.DrWoolleysucceedsProfessor Paul
Baldrick.DrWoolleytakesupthispositionasonthe12thApril2021.DrWoolleywasrecommendedforthispositionby the
NominationsSubcommitteeandapprovedbytheExecutiveCommittee.Thisisaco-optedpositionwhichdoesnotneedto be
ratifiedatthisAGM.Thetermofofficeis3years,buttheChaircanbeproposedtoserveforasecondterm.Iwouldlike to
welcome Dr Woolley to the Executive Committee.

Dr NevineAmerhasbeenappointedtotheChairof theNetworkforEarlyStageToxicologists.Dr Amertakesupthisposition as
onthe12thApril2021.DrAmerwasrecommendedforthispositionbytheNominationsSubcommitteeandapprovedby the
ExecutiveCommittee.This is a co-optedpositionwhich does not need to be ratifiedat this AGM. The term of office is 3 years, but
the Chair can be proposed for a second term. I would like to welcome Dr Amer to the Executive Committee.

DrLisaGodfreyhasbeenappointedtothepositionofMembershipFacilitator.DrGodfreytookupthispositionasonthe 28th
January2021.Dr Godfreywas recommendedfor thispositionby the NominationsSubcommitteeandapprovedby the Executive
Committee.This is a co-optedpositionwhich does not need to be ratifiedat this AGM. The term of office is for three years in the
first instance renewable for a second three-year term. I would like to welcome Dr Godfrey to the Executive Committee.

Retirement Subscription

TheExecutiveCommitteehavealsoconsideredthesubscriptionpayablebyourretiredmembersandwhetherweareinline in
linewithotherSocieties.Apaperwillbepresentedatthisyear'sAGMtoconsiderthesubscriptionsappliedtothiscategory of
membership and whether they require to be adjusted.

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The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

BTS website update

TheExecutiveCommitteedecided,basedonfeedbackfrommembers,thattheBTSwebsiteneededanoverhaul.A tendering
processwasundertaken,andIampleasedtoreportthatInsightsDesignandPrintingLtdaretoundertakethisproject. The
contracthas been signedand work is aboutto commencethis month,March2021. My thanksto ProfessorPaulBaldrickand the
ScopingTeamforgettingthisprojectunderway.DrFionaSewellwillnowleadthenextstageofthiswork.Further information
will be provided through the NewsFeed and Social Media on website developments.

Engagement of our Early Career Scientists

The ExecutiveCommitteehas recognisedthat our early career scientistshave a particularrole to play,bothwithinthe BTS and  in
thebroaderscientificcommunity.HavinglookedatcompositionofthemembershipoftheExecutiveCommitteeand its
Subcommitteesitwasfeltthatthatthevoicesofthoseatanearlystageintheircareerareunder-represented.The Executive
Committeediscussedwaysmorecouldbedonetoincreaseinvolvementandbetterserveourearlycareermembers.We have
now establisheda Networkfor EarlyStageToxicologists(NEST)as an opt-incommunity,makingbest use of socialmedia,as well
asfacetofacenetworkingopportunitiesatcongresses,tobuildacommunityandfeedideasintotheExecutiveCommittee to
support those at an early stage of their career. The Executive Committee look forward to working with NEST.

NEST will be tasked with coordinatingearly career networking,as well as careers outreachin universities,giving scientificinput to
helpshapetheBTSCongress,andprovidingearlycareerrepresentationinthevarioussubcommitteesoftheSocietyand in
particularScience,CommunicationsandEducation,CareerandTrainingDevelopment.Dr NevineAmer has been electedas  Chair
of NESTandwillbe a co-optedmemberof theExecutiveCommittee.I wouldliketotakethisopportunityto welcomeNevine to
theExecutiveCommitteeandastheinauguralChairofNEST.MythanksareduetoDrDavidMasonforgettingthis initiative
started.

Equality, Diversity, and Inclusion (EDI)

AkeyareafortheBTSisensuringthatweareequitableandinclusive.OurEDIambassadors,DrsEmmaMarczyloand David
MasonarecurrentlyreviewingourEDIPolicyandconsideringhowwecanbetterengagewithallourmembersand recognising
key EDI events throughoutthe year. The ExecutiveCommitteewill also be undertakingEDI trainingwith an externalconsultant in
the next few months.

Risk Register

Wetooktheopportunitytoreview,andupdate,theSociety'sRiskRegisterandtoconsideranyeffectsBrexitorthe pandemic
mayhavehad/willhaveonthesustainabilityoftheSociety.I am pleasedtoreportthatasa Societythepandemicdidnot have
anyeffect on ourfinances,andwe are financiallysoundandsustainable.Brexitcurrentlyhas nothadanyeffectson the Society,
butwe areconsciousthattherecouldbefutureimplicationsfortheSocietywhichwillbemonitoredthroughourRisk Register.
We are keeping a watchful eye on this and will ensure we are able to meet the challenges Brexit may pose in the future.

Interaction with other Societies

One of the strategicobjectivesof the BTS is to promoteinteractionswith other scientificsocietiesand organisationsto meet  both
ourmissionstatement"To providethe principalforumfor toxicologyin the UK, to supportandenrichthe carersof toxicologists,
and to promotethe importanceand advancementof toxicologyin the wider and lay communities"and vision to "drive excellence
intoxicology".OurworkwithotherLearnedSocietiesandProfessionalBodiesensureswehaveavoice,feedinto consultations
applicableto thedisciplineof Toxicologyandhaveseatat thetableto lobbytheGovernmentwhererequired.It is a pleasure to
work closely with the following organisations:

UKRegisterofToxicologists-theBTSisasponsoringorganisationandhaverecentlysignedaMemorandumof Understanding.
ColinDavies,ChairofthePaneloftheUKRegister,isanexofficiomemberoftheBTSExecutiveCommitteeandprovides an
annualreporttotheAnnualGeneralMeetingoftheBTS.TheUKRegisteralsoprovidesabursarytosupportthecost of
attendance at the BTS Annual Congress.

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The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

RoyalSocietyofChemistry(RSC)-TheToxicologyInterestGrouppromotetoxicologyandsupporttheBTSandawardsa poster
prizeattheBTSAnnualCongress.ThisyeartheToxicologyInterestGrouphaveorganisedasymposiumon"Experimental Data
and Uncertainty Modelling". Dr Camilla Alexander-White is the RSC representative on the Scientific Subcommittee.

The RoyalSocietyof Biology(RSB) - the BTS is a Member Organisation.This facilitatescommunicationand the BTS can contribute
toconsultationpapersandpolicydocumentswhicharecoordinatedbytheRSB.TheRSBalsohostsanannual pre-Christmas
ParliamentaryReceptionwhichwasvirtualthisyear,atwhichtheBTSisrepresented.Therehavebeenother Parliamentary
events provided by the RSB and the BTS are represented on these.

EUROTOX- as the UK NationalToxicologySociety,the BTS participatesin the AnnualBusinessmeetingof EUROTOXwhichis  held
attheannualcongress.DespiterecentpoliticalchangesinEurope,linksbetweentheBTSandotherEuropean Toxicology
Societiesremainstrongandactive.Alongwithothermembersocieties,theBTScontributesfinanciallytoEUOTOXviaa levy,
whichisbasedonthenumberofBTSmembers.ThecurrentpresidentofEUROTOX,ProfessorHeatherWallace,isa former
president of the BTS.

InternationalUnionofToxicology(IUTOX)-representsmorethan25,000membersandtheBTSisoneofapproximately 60
differentmembersocieties.IUTOXorganisesascientificcongressat3yearlyintervals.Alongwithothermembersocieties, the
BTScontributesfinanciallytoIUTOXviaalevy,whichisbasedonthenumberofBTSmembers.TheBTSisrepresented at
meetingsoftheIUTOXGeneralAssembly,cannominatecandidatesforappointmenttocommitteesandcanvoteat business
meetings. Professor Heather Wallace is an advisor on IUTOX.

AmericanCollegeofToxicology(ACT)- TheBTSco-sponsorsthePracticalApplicationofToxicologyinDrugDevelopment Course
(PATDD)at theUniversityof Cambridge.The ProgrammeCommitteeincludesrepresentationfromtheBTS (DrsChrisPowell and
ErnieHarpur),ACTandtheUniversityofCambridge.TheBTSregularlyco-sponsorstheACTsignaturewebinarswhich are
available free to our members.

RoyalCollegeofPathologists(RCPath)-theBTShasarepresentative(ProfessorShirleyPrice)ontheRCPathSpecialty Advisory
Committee on Toxicology. The RCPath offers professional

examinationsinToxicologyandBTSMemberscanparticipateintheRCPathschemeforrecordingandaccreditation Continuing
Professional Development.

NationalCentrefor3Rs(NC3Rs)-TheBTScontinuestoworkcloselywithNC3Rstopromotethereduction,refinement, and
replacementof experimentalanimals.ThisyeartheNC3Rsareorganisinga symposiumatthisyear'sCongresson "Collaborating
to increase confidencein the applicationof non-animalapproaches".The BTS is gratefulto the NC3Rs for allowingthe use of  their
officesin Londonfor meetingsof the BTS ExecutiveCommitteein the pastandhopefully,whenlockdownis lifted,we can locate
back there for our meetings.

InVitroToxicologySociety(IVTS)-awardsaposterprizeattheBTSAnnualCongresseachyearandfullysupportstheBTS. This
year the IVTS are supportingthe symposium"In SilicoToxicology- Data,Concepts,and Pitfalls"at this year'sCongress.Dr Martin
Clift is the IVTS representative on the Scientific Subcommittee.

The BritishSocietyof ToxicologicalPathologists(BSTP)-theBTS workscloselywiththeBSTPandhaveinthepastorganised joint
meetings. Dr Catherine Ross is the BSTP representative on the Scientific Subcommittee.

IntegratedToxicologyTrainingPartnership(ITTP)-TheITTPisaninitiativelaunchedbytheMRCwiththeaimofimproving and
boostingcapacityin the toxicologicalsciencesby sponsoringPhD studentships.The ITTP is managedthroughthe MRC Toxicology
Unit with an expert SteeringCommitteeand seeks to provideto relevantstakeholdersin academia,industryand government the
expertiseintoxicologyandrelateddisciplinesthatisrequiredtoensurethesafeandeffectivedevelopmentofdrugs and
exposuretochemicals.TheBTShasverycloselinkswiththeITTPprogrammeandProfessorMarionMacfarlaneisthe ITTP
representative on the Scientific Subcommittee

TheCommunicationSubcommittee(CSC),chairedbyProfessorPaulBaldrick,hasmaintainedthecommunicationchannels with
themembershipthroughinitiativessuchastheAmbassadorsScheme(ledbyDrDavidWoolley),theNewsFeed(Editorial Team:
DrsGuyHealing,DavidWoolley,RaniGhoshandDavidJones),andpromotingsocialmediachannels.DrsJuliannaBerrie and
Kemal Haquehave been workingbehindthe scenes to promotethe varioussocialmediaplatformsthe Societyuses so if you are
notalreadyontheLinkedInplatformsorTwitterpleasedoconsidertheseoutletstopromotetheworkoftheBTS.Our Twitter
accountis@BritToxSocsodopleaseuseittopromotetheSociety.TheBTSalsohasaLinkedInpageandthiscanbe accessed
through the following link: https://www.thebts.org/news/bts-joins-linkedin/

Inthepastyear,thePublicCommunicationSteeringTeamchairedbyDrPhilBotham,hasproducedseveralpublic statements
(https://www.thebts.org/publicstatements/) which provide authoritative,

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The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

educationalcommentonatoxicologyrelatedtopicofinterest.ThePublicCommunicationSteeringTeamalsocommissioned a
videoonWhatis toxicology- video?,whichhashadsomefantasticfeedback.A secondvideoonHazardandRiskhasnow been
commissionedand will be publishedon the website in the next few weeks. Dr Megan Granthas producedthese videos on behalf
of the Executive Committee and our thanks to Megan for all her hard work.

TheExecutiveCommitteearelookingtoestablishcloserlinkswithotherProfessionalBodiesandLearnedSocietiessuchas the
Societyof Toxicology(SOT),the Societyof EnvironmentalToxicologyandChemistry(SETAC)andUK Environmental Mutagenicity
Society (UKEMS).

Strategy

In June 2020 the ExecutiveCommittee met to discuss the strategyof the Society.A revised strategywas launchedtakingon board
members' feedback. The Strategy for 2020-2024 has now been published (Strategy-of-the-BTS-2020-2024- 2020).

WeinvitedmemberstoobservetheExecutiveCommitteemeetingheldinJune2020whichwasverysuccessful,andwe are
hopingtodothesamethisJune.Itwaslovelytosee membersfromdifferentcountriesandbackgroundsjoinusforthe session
andthefeedbackwasexcellent.Ithasalsomeantthatmembersweremoreawareofhowbusinessisdoneandforsome has
giventhemopportunitiestoapplyformembershipofoursubcommitteesfacilitatedbytheopportunitiesofferedby virtual
platforms.

Subcommittees

Thefourmainsubcommitteeshavebeenveryactiveoverthelastyear,andithasbeena pleasuretobe abletoattendsome of
their virtualmeetings to meet with the members and hear what is going on first-hand.More detail of their activitiesis provided in
the individual reports but below are some highlights.

ThesustainabilityoftheSocietydependsonensuringthatthereisaclearsuccessionplaninplaceandthe Nomination
Subcommittee(NSC),chairedbytheImmediatePastPresident,DrChrisPowell,overseesthisactivityonbehalfofthe Executive
Committee and we are in a very secure positiongoing forward.There are always opportunitiesfor members to get involvedin  the
ExecutiveCommittee and Subcommittees.If you are interestedin being a Chair or member please contactbts@execbs.com. Even
if no suitableopportunityis availablenow, it is very helpfulfor planningpurposes,to be aware of expressionsof interestfor  roles
on committees from our members.

TheNSChavealsoconsideredexceptionalapplicationsforboththePatonandBarnesPrizesandthisyearisnoexception with
the 2021 Barnes Prize awarded to Dr Bette Meek.

TheSociety'sfinancesaresound,duetoprudentmanagementbyourtreasurer,DrElizabethMartin,andthe Finance
Subcommittee(FSC),chairedbyProfessorBrianLake.MoredetailoftheSocietyfinanceswillbeprovidedinthe Treasurer's
Report.OurIndependentExaminers,SMHBullockWoodburn,overseethe accountsandmy thanksto HeatherBudd,on behalf of
the Executive Committee and the BTS, for her detailed review of the accounts.

Onekeyareatohighlightisthatdonationsthisyearhavebeenveryencouraging,andtheSocietyreceivedatotalof£16.5k in
donations.Donatingcompaniesfor2020/21wereAstraZeneca,BIBRAToxicologyAdviceandConsulting,Charles River
Laboratories,GSK,Syngenta,UCB,andUnilever.MythankstoallthosecompanieswhohavesupportedtheBTSthrough their
generous donations this year.

TheScientificSubcommittee(SSC)whichisledbyDrsJasonGill(Chair)andLesleyReeve(Vice-Chair)hasbeenasproactive as
ever in organising our Congress and supporting the speciality groups.

Congress and events

The 2020 Congresscouldnot be deliveredas a face to face meeting in Aprilor Septemberdue to the pandemic,but the SSC were
ableto providetwo virtualseminarsin September2020.The seminarswere Regulatoryriskassessmentandriskmanagement of
chemicalspresentedby Dr StephanieBoppand Transgenerationaltoxicology:ghostsof exposurepresentedby Professor Michael
Skinner.The pandemiccertainlydid not prevent members from joiningin to hear aboutnew areas of toxicologyas both webinars
were well attended.

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The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

ThisyearSSChavebuiltontheuseofthevirtualtechnologiesavailableandwillbepresentingthe2021Congressover four
afternoons.HavingavirtualCongressthisyearwillallowmanymembersbothhereintheUKandacrosstherestofthe world,
whichcannotnormallyattendtheCongress,tomakeuseofthisvirtualfacility.Goingforwardweofcoursehopetohave our
annualface to face Congressbutperhapswithopportunitiesto live streamor capturelecturesit will alsoallowopportunities for
moreofourmemberstoabletoattendtheCongressvirtually.DareIsaywemayapproacha"hybrid"modelfor future
Congresses. My academic colleagues are probably groaning at the thought of a hybrid approach, but this may be the new norm!
TheEducation,CareersandTrainingDevelopmentSubcommittee(ECTD),chairedbyDrTinaMehta,wereabletoprovide the
ContinuingEducationProgramme(CEP)virtuallyin2020.Thetopic,whichwaswellreceived,was"Chemicalsin the
Environment".TheCEPsessionsareavailableasaudiorecordingstoourmembersontheBTSwebsite.ThisyeartheCEPis on a
very topical area "COVID-19 repurposing therapies and vaccines: The evolution of rapid toxicological assessment and regulation."
Althoughthe RoyalSocietyof BiologyCareersFairwas notavailableas a face to face eventthisyeartherewas a virtual meeting
in Novemberandmembersof the BTS EducationTrainingandCareerDevelopmentsubcommitteeprovidedsupportto  members
forcareers.The ECTD are currentlyin the processof workingwithan externalorganisationto improvethe information provided
on career opportunities in Toxicology on the BTS website.

Journal

TheOfficialJournaloftheBTS,ToxicologyResearch,nowpublishedbyOxfordUniversityPress(OUP),hasincreasedits impact
factorto2.283.WearedelightedtoworkwithOUPanditsEditor-in-Chief,ProfessorHeatherWallace.OUP,whohavea very
strongbackgroundinbiomedicalpublishing.Wearehappytohavenegotiatedagreatdiscountforourmembersfor online
subscriptionstothejournal.ThecosttoBTSmembersisjust£60,whichislessthan4%oftheinstitutionalsubscription.If you
wouldliketotakeupthisoffer,youcanapplyat:https://academic.oup.com/toxres/subscribe.ProfessorWallaceisalso a
co-opted member of the Executive Committee.

Thanks

As the BTS is a registeredcharity,committee members of the BTS are volunteersand withouttheir willinghelp, the Society would
simplynot be able to exist. I wouldlike to take this opportunityto thanka few peoplewho have workedextremelyhardon your
behalf,the membership.Their service to the Societytotalsmore than 64 years' service in a varietyof roles withinthe Society that
each has undertaken-such an accolade!

Firstly,thankstoourimmediatePastPresident,DrChrisPowell,forhissterlingleadershipoverthetwoyears2018-2020 as
President.Due to the pandemic,I was not able to thankChris properlylast year so Chris,a year later than planned,thankyou for
theworkyouundertookduringyourpresidency.ChrishasbeensupportingtheSocietythroughseveralrolesandintotal has
provided 14 years' service.

MythankstoDrDianeBenfordforhersterlingworkastheGeneralSecretary(2017-2021).A rolethatiskeytotheSociety and
onethatrequiresstaminaanddiplomacy.DianehasservedfouryearsastheGeneralSecretary,keepingtheSocietyand the
ExecutiveCommitteeontrack-notaneasytask!DianeyouhavebeenafantasticGeneralSecretaryandmythanksfor the
supportyouhavegivenmeinmyfirstyearasPresidentandthesupportgiventotheSociety.DianehasservedtheSociety in
several roles and totals 15 years' service.

My thanksare also due to our Treasurer,Dr Liz Martin,who has ensuredthat the Societyhas kept financiallysecure and leaves it
in a very sustainableposition.Liz has served as Treasurersince 2016. I have worked with Liz in my time as both General Secretary
andnow President.Liz youhave been a fantasticTreasurerandsupporterof the Societyandmy personalthanksfor the support
you have given me. Liz has a total of 17 years' service to the Society in several roles.

ProfessorPaulBaldrickleavestheroleasChairoftheCommunicationSubcommitteeandaco-optedmemberofthe Executive
Committee.Paul has served in this role since 2014 and duringhis time has overseen the AmbassadorsScheme and more recently
the review of the website.My thanksto you, Paul,for your supportof the Societyin your variousroles. A personalthankyou too
foryoursupportandparticularlyyourinstructioninwinetasting(verytopicalforatoxicologist)andteachingmethatthere is
more to life that Blue Nun! Paul has served the Society in a number of roles and totals 18 years' service.

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The British Toxicology Society

President's Report

for the Year Ended 31 December 2020

Finally,totheOfficersandtheExecutiveCommitteewhogivetheirskillsandtimefreelytohelpruntheSocietyand promote
Toxicology,my thanksto you all for the supportyou have given me personallyin my first year as Presidentand to the Society. My
thankstotheChairs,Co-ordinators,membersoftheBTSsubcommitteesandspecialitygroups,theEditorialTeam and
Ambassadors and you, the members, for your support.

As ever, I am extremelygratefulto oursecretariat,ExecutiveBusinessSupportLtd (EBS),for the administrativesupport provided
to the Society and to Gail Ryan, Steve Hewitt and Shona Hunt for their valued assistance in the support given to the BTS.
As I enter my second, and final year, as your President I look forward to another exciting year.
Professor Shirley Price

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The British Toxicology Society

Operating and Financial Review

for the Year Ended 31 December 2020

Report by the General Secretary, Dr Diane Benford

The major activitiesof the Societyare documentedin the reportsfrom the Presidentand other Officers and Subcommittee chairs
so this report will highlight some of the developments I have been involved in over the past year, ably supported by EBS.

The ExecutiveCommitteeheldfouronlinecommitteemeetingsandthe President'sstrategymeetingin 2020/21.In addition, the
Officersheld three meetingsby teleconference.These have workedwell, althoughof coursewe hopeto have the opportunity to
have physicalmeetingslaterin 2021/22.The onlineformatfacilitatedthe participationof observersat our June meeting,and we
hope to repeat this later this year.

Theabsenceoftravel(holidayandbusiness)providedanopportunitytoensuretheExecutiveCommitteeisup-to-datewith its
policies. These are available on the public-facing part of the website. https://www.thebts.org/information/policies/.

Until2018,the minutesof ourmeetingswere availableonlyto the ExecutiveCommittee,butwe have now made them available
in the Members area of the website at http://www.thebts.org/membership/minutes-2/.

Membership

TheBTSmembershiphasagainincreasedoverthepastyear,asshowninthetablebelow.Atthetimeofwritingthereare 112
memberswhohaveyettorenewtheirmembershipfor2021,asisusualforthistimeofyearandthesearebeingfollowed up.
Includedin the 112 are 70 fullmembersandwe hopetheywillalleventuallyrenew.However,theredoesseem to be a trend to
decreasingnumbersoffullmembers.ReversingthistrendisoneofthechallengesfacingLisa,ournewmembership facilitator.
WeareagainespeciallypleasedtohavesomanystudentmembersandanotherchallengeforLisaistoencouragethem to
progress to other membership categories as their careers progress.
Category December 2018 December 2019 December 2020
Full 550 335 505
Student 128 193 271
Post Graduate 36 39 38
Early Career 43 54 59
Retired 33 31 39
Honorary 13 18 18
Total 803 868 930

Financial review

1. Financial Performance for 2020

The BTS  made a surplus in the region of £18,000 in the year.

Asinpreviousyears,theaccountswillundergoanIndependentExaminationbySMHBullockWoodburn(aformof external
scrutinyofaccountsspecificallydesignedforcharities)ratherthanafullannualstatutoryaudit,whichsavestheSociety some
expenditure compared to a full audit.

2. BTS monetary Contribution to Meetings and Events

The BTS Congressplannedfor 2020 was cancelled,and all delegateshave been refundedwith theirregistrationfees, and the BTS
received a full refund from the venue in Cardiff.

3. Donations to BTS

Despite the pandemic,the BTS were extremely gratefulto receive donationsfrom institutionsand companiesduring2020. A total
of £16,500was received,including£2,500towardscongress2021,whichwas fantastic,comparedto £5,000in 2019.I would like
to take this opportunity on behalf of the Society to thank all those institutions and companies who continue to support us.

4. Advertising Income

AdvertisingincomegeneratedfromemploymentopportunitiesadvertisedontheBTSwebsitewasslightlydowncompared with
2019, and totalled £7,875.

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The British Toxicology Society

Operating and Financial Review

for the Year Ended 31 December 2020

5. Fellowships and Training

The BTS offers a range of travel awards which unfortunatelywe weren't able to fully utilise during2020. However, we did support
one of our members to attend a virtualconferencein May. In December anotherBTS member was awardedThe Norman Aldridge
Travel Award which will be taken in 2021.

6. Membership Subscriptions

The ExecutiveCommitteereviewedthe membershipsfees anddecidedtherewill be no increasein fees in 2022.The exception is
a proposed increase in the fee for retired members which will be brought to the 2021 AGM for ratification.

7. Accountancy

This is my last AGM as BTS Treasurerafter 5 years in the role. I wouldlike to take this opportunityto thankthe Finance Executive
at EBS, ShonaHunt,and the BTS accountants,BullockWoodburn,especiallyHeatherBudd,for all their supportand help over the
years.I am pleasedto leave the BTS Financialreserves in a very healthystate, and wish the new Treasurerall the very best in the
years ahead.

Elizabeth Martin, Treasurer

Reserves Policy

Thetrusteesreviewreservesonanongoingbasisandareconfidentthatatcurrentlevelstheyaresufficientto honour
commitmentstostudentships,bursariesandmeetingsubsidies,whilstallowingforchangesinthebudgetedincomestreams, as
detailedbelow.During2010theSocietyinvestedsomeofitsreservesineither1or2yearTreasurybonds,whilst leaving
sufficientreservefundsinthelowerinterestbankdepositaccounttoconductallSocietybusiness.Thishasbeencontinued in
2020 as this still represents the most advantageous rates available to us as a Society.

Funds materially in deficit

No funds were in deficit during the year.

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The British Toxicology Society

Report of the Trustees for the Year Ended 31 December 2020

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsof the charityfor the year ended 31 December 2020. The trustees have adoptedthe provisionsof  Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin 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 significant activities

The Society is establishedfor the promotionand advancement,for the publicbenefit,of educationin the science of toxicology. In
decidingtheaimsandactivitiesofthesociety,thetrusteeshavepaiddueregardtotheguidanceissuedbythe Charity
Commissionon publicbenefit.Toxicologyis the science of disease inducedby chemicalspresent in the diet, medicines,and in the
environment.TheBritishToxicologySociety(BTS)isaleadinginternationaltoxicologysociety,basedonthehighest quality
science, and promotesthe advancement,communicationand understandingof the scientificdisciplinesnecessaryto foster  public
health and environmental safety.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Society is a companylimited by guaranteeand the liabilityof members is limited to an amountnot exceeding£1. It is exempt
underSection60 of theCompaniesAct2006fromtherequirementtousetheword'Limited'initstitle.TheSocietyis governed
bytheMemorandumandArticlesof Association.It is registeredwiththeCharitiesCommission,number286197,andno liability
to taxation arises.

TheExecutiveCommitteeareDirectorsforthepurposeofcompanylawandTrusteesforthepurposeofcharity law.
Directors/Trusteesare appointedby the Society'smembers at the AnnualGeneral Meeting.When a Trustee retires, the Executive
CommitteenominatesnewTrustees.Additionalnominationsmaybemadebythemembership,providedtheyaresignedby six
members of the Society.

Informalinductionproceduresareinplacefornew Trustees,conductedbyanexistingmemberof theExecutiveCommittee and
theyarealsoprovidedwithrelevantdocumentationtoformallyadviseandinformthemoftheSociety'sconstitution and
objectives and also their duties and responsibilities as a trustee.

OnethirdoftheExecutiveCommitteeordinarymembersretireeachyearinrotationbutaretheneligibleforre-election. The
societyis organisedso thatthe Trustees,in the form of the ExecutiveCommittee,meet regularly,usuallyon a quarterlybasis, to
manageitsaffairs.Therearealsosub-committeeswhichareresponsibleforadvisingandresearchingthevariousactivities and
development of the Society, who report to the Executive Committee.

Statutesfortheworkingsofthevarioussub-committeesarecontinuallybeingrevisedandupdatedtoensurethattheterms of
referenceare clearlydefinedandthe ways of workingare consistent.This alsoenablestransparencyof committeeelections and
durationofmembership,whileallowingthecommitteestoworktoagreedaims,backedupbycomprehensivesetof Standard
Operating Procedures for the Society.

ThetrusteeshaveassessedthemajorriskstowhichtheSocietyisexposed,inparticularthoserelatedtotheoperations and
finances of the Society, and are satisfied that systems are in place to mitigate exposure to major risks.

AlloftheofficersandmemberswhoserveontheSociety'scommitteesareunpaid.Theyareentitledtobereimbursedfor any
out of pocket expenses incurred in attending meetings.

No relatedparties,relatedpartytransactions,beneficialrelationshipsor conflictsof interestrequiringdisclosureby the  Charities'
or Companies' Acts existed during the year.

AttendancebyExecutiveCommitteemembershasbeenreasonablethroughouttheyear.Theco-optedmemberscontinue to
provide liaison with the relevant Sub-Committees and Speciality Sections.

The day to day administration of the Society is undertaken by an outside agency on a fee basis.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01676618 (England and Wales)

Registered Charity number

286197

Page 9

The British Toxicology Society

Report of the Trustees for the Year Ended 31 December 2020

Registered office

c/o EBS
City Wharf
Davidson Road
Lichfield
WS14 9DZ

Trustees

Dr D J Benford Toxicologist
Dr P Brooker Toxicologist (resigned 20/4/2020)
Dr J Gill Reader In Molecular Therapeutics
Dr E S Harpur Toxicologist (resigned 20/4/2020)
Professor B G Lake Toxicologist
Dr E Marczylo Toxicologist
Dr E Martin Toxicologist
Dr D R Mason Toxicological Safety
Dr J Mehta Toxicologist
Dr C J Powell Histopathologist
Professor S C Price Professor Of Toxicology
Dr J Thompson Physician
Dr F Sewell Programme Manager
Dr P A Botham Toxicologist (appointed 20/4/2020)
Dr L M Reeve Toxicologist (appointed 20/4/2020)

Company Secretary

Dr D J Benford

Independent Examiner

Jonathon Dickens ACA
Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

Approved by order of the board of trustees on  ............................................. and signed on its behalf by:

...............................................................................
Dr D J Benford - Trustee

Page 10

Independent Examiner's Report to the Trustees of The British Toxicology Society

Independent examiner's report to the trustees of The British Toxicology Society ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Havingsatisfiedmyselfthattheaccountsof theCompanyarenotrequiredtobe auditedunderPart16 of the2006Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedout under
section145 of the CharitiesAct 2011 ('the 2011 Act').In carryingout my examinationI have followedthe Directionsgivenby the
Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jonathon Dickens ACA
Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

Date: .............................................

Page 11

The British Toxicology Society

Statement of Financial Activities

for the Year Ended 31 December 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
69,114
Charitable activities
Annual Congress
-
Annual Congress trade exhibition
-
PATDD, ACT joint meetings, webinars and online
events
15,786
Other trading activities
2
10,255
Investment income
3
2,151
Total
97,306
EXPENDITURE ON
Raising funds
4
28,179
Charitable activities
5
Annual Congress
23,286
Annual Congress trade exhibition
-
PATDD, ACT joint meetings, webinars and online
events
4,257
Donations and subscriptions to other societies
6,990
Travel bursaries and early career support
1,599
Barnes and Paton lecture awards
-
Other
14,451
Total
78,762
NET INCOME
18,544
RECONCILIATION OF FUNDS
Total funds brought forward
326,520
TOTAL FUNDS CARRIED FORWARD
345,064		 Restricted
funds
£
-
-
-
-
-
54
54
-
-
-
-
-
-
-
-
-
54
9,908
9,962		 2020
Total
funds
£
69,114
-
-
15,786
10,255
2,205
97,360
28,179
23,286
-
4,257
6,990
1,599
-
14,451
78,762
18,598
336,428
355,026		 2019
Total
funds
£
62,372
177,625
10,160
35,579
20,478
2,094
308,308
22,169
204,362
14
39,080
7,545
8,686
634
22,776
305,266
3,042
333,386
336,428 
The notes form part of these financial statements

Page 12

The British Toxicology Society

Balance Sheet 31 December 2020

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
9
41,391
Cash at bank
377,837
419,228
CREDITORS
Amounts falling due within one year
10
(74,164)
NET CURRENT ASSETS
345,064
TOTAL ASSETS LESS CURRENT LIABILITIES
345,064
NET ASSETS
345,064
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
9,962
9,962
-
9,962
9,962
9,962		 2020
Total
funds
£
41,391
387,799
429,190
(74,164)
355,026
355,026
355,026
345,064
9,962
355,026		 2019
Total
funds
£
35,101
340,365
375,466
(39,038)
336,428
336,428
336,428
326,520
9,908
336,428		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2020.

The members have not requiredthe companyto obtainan audit of its financialstatementsfor the year ended 31 December 2020
in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 13

The British Toxicology Society

Balance Sheet - continued 31 December 2020

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubject to
the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon............................................. and
were signed on its behalf by:

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

D J Benford - Trustee

.............................................
E Martin - Trustee

The notes form part of these financial statements

Page 14

The British Toxicology Society

Notes to the Financial Statements

for the Year Ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsof thecharitablecompany,whichis a publicbenefitentityunderFRS 102,havebeen prepared
inaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
Practiceapplicableto charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

Going concern

There are no material uncertainties about the charity's ability to continue.

The trustees' assessment of the risks associated with Brexit and the pandemic are detailed in the President's report.

Financial reporting standard 102 - reduced disclosure exemptions

Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All incomingresourcesare includedin the statementof financialactivitieswhen entitlementhas passedto the charity; it
isprobablethattheeconomicbenefitsassociatedwiththetransactionwillflowtothecharityandtheamountcan be
reliably measured. The following specific policies are applied to particular categories of income:

-incomefrom donationsor grantsis recognisedwhen there is evidenceof entitlementto the gift,receiptis probable and
its amount can be measured reliably.

- legacy income is recognised when receipt is probable and entitlement is established.

- incomefromdonatedgoodsis measuredat thefairvalueof thegoodsunlessthisis impracticalto measurereliably, in
whichcasethevalueis derivedfromthecosttothedonorortheestimatedresalevalue.Donatedfacilitiesand services
arerecognisedintheaccountswhenreceivedifthevaluecanbereliablymeasured.Noamountsareincludedfor the
contribution of general volunteers.

-incomefromcontractsforthesupplyofservicesisrecognisedwiththedeliveryofthecontractedservice.This is
classifiedasunrestrictedfundsunlessthereisacontractualrequirementforittobespentonaparticularpurpose and
returned if unspent, in which case it may be regarded as restricted.

Expenditure

Expenditureisrecognisedonanaccrualsbasisasaliabilityisincurred.ExpenditureincludesanyVATwhichcannot be
fully recovered, and is classified under headings of the statement of financial activities to which it relates:

- expenditureon raisingfundsincludesthe costs of all fundraisingactivities,events,non-charitabletradingactivities, and
the sale of donated goods.

-expenditureoncharitableactivitiesincludesallcostsincurredbyacharityinundertakingactivitiesthatfurther its
charitableaimsforthebenefitofitsbeneficiaries,includingthosesupportcostsandcostsrelatingtothegovernance of
the charity apportioned to charitable activities.

continued...

Page 15

The British Toxicology Society

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

1. ACCOUNTING POLICIES - continued

Expenditure

-otherexpenditureincludesallexpenditurethatisneitherrelatedtoraisingfundsforthecharitynorpartof its
expenditure on charitable activities.

Allcostsareallocatedtoexpenditurecategoriesreflectingtheuseoftheresource.Directcostsattributabletoa single
activityare allocateddirectlyto that activity.Sharedcosts are apportionedbetween the activitiesthey contributeto on  a
reasonable, justifiable and consistent basis.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.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.

2.

3.

OTHER TRADING ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
Website advertising
7,875
-
OUP / RSC Journal income
2,380
-
ACT webinar series
-
-
Ambassadors' scheme
-
-
10,255
-
INVESTMENT INCOME
Unrestricted
Restricted
funds
funds
£
£
Deposit account interest
2,151
54		 2020
Total
funds
£
7,875
2,380
-
-
10,255
2020
Total
funds
£
2,205		 2019
Total
funds
£
9,750
2,060
8,486
182
20,478
2019
Total
funds
£
2,094		 
continued...

Page 16

The British Toxicology Society

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

4. RAISING FUNDS

Raising donations and legacies

2020
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Bank charges
1,003
-
1,003
EBS - membership processing
8,121
-
8,121
Membership discount
61
-
61
Support costs
8,782
-
8,782
17,967
-
17,967
Other trading activities
2020
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
EBS- website management
5,894
-
5,894
ACT webinars
-
-
-
Bank charges
35
-
35
Publicity materials
600
-
600
Society of Biology
-
-
-
Ambassadors scheme
-
-
-
Support costs
3,683
-
3,683
10,212
-
10,212
Aggregate amounts
28,179
-
28,179
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 6)
£
£
Annual Congress
20,830
2,456
PATDD, ACT joint meetings, webinars and
online events
1,801
2,456
Donations and subscriptions to other
societies
5,763
1,227
Travel bursaries and early career support
372
1,227
28,766
7,366		 2019
Total
funds
£
873
7,962
107
2,876
11,818
2019
Total
funds
£
5,351
288
185
-
660
992
2,875
10,351
22,169
Totals
£
23,286
4,257
6,990
1,599
36,132

5. CHARITABLE ACTIVITIES COSTS

continued...

Page 17

The British Toxicology Society

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

6. SUPPORT COSTS

Management
£
Raising donations and legacies
-
Other trading activities
-
Other resources expended
6,851
Annual Congress
-
PATDD, ACT joint meetings,
webinars and online events
-
Donations and subscriptions
to other societies
-
Travel bursaries and early
career support
-
6,851		 Information
Governance
Finance
technology
costs
£
£
£
2,932
5,850
-
2,933
750
-
-
-
7,600
1,956
500
-
1,956
500
-
977
250
-
977
250
-
11,731
8,100
7,600		 Totals
£
8,782
3,683
14,451
2,456
2,456
1,227
1,227
34,282

7. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norfortheyear ended
31 December 2019.

Trustees' expenses

8.

Trustees' expenses
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
62,372
Charitable activities
Annual Congress
177,625
Annual Congress trade exhibition
10,160
PATDD, ACT joint meetings, webinars and online
events
35,579
Other trading activities
20,478
Investment income
1,988
Total
308,202
EXPENDITURE ON
Raising funds
22,169
Charitable activities
Annual Congress
204,362
Page 18		 2020
2019
£
£
341
1,976
Restricted
Total
funds
funds
£
£
-
62,372
-
177,625
-
10,160
-
35,579
-
20,478
106
2,094
106
308,308
-
22,169
-
204,362
continued...		 2019
£
1,976
Total
funds
£
62,372
177,625
10,160
35,579
20,478
2,094		 
Page 18

The British Toxicology Society

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

9.

Unrestricted
fund
£
Annual Congress trade exhibition
14
PATDD, ACT joint meetings, webinars and online
events
39,080
Donations and subscriptions to other societies
7,545
Travel bursaries and early career support
8,686
Barnes and Paton lecture awards
-
Other
22,776
Total
304,632
NET INCOME/(EXPENDITURE)
3,570
RECONCILIATION OF FUNDS
Total funds brought forward
322,950
TOTAL FUNDS CARRIED FORWARD
326,520
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Debtors
Prepayments		 Restricted
funds
£
-
-
-
-
634
-
634
(528)
10,436
9,908
2020
£
114
41,277
41,391		 Total
funds
£
14
39,080
7,545
8,686
634
22,776
305,266
3,042
333,386
336,428
2019
£
15,857
19,244
35,101		 
continued...

Page 19

The British Toxicology Society

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors		 2020
£
7,647
66,517
74,164		 2019
£
18,727
20,311
39,038

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Barnes fund
Paton fund
Norman Aldridge fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Barnes fund
Paton fund
Norman Aldridge fund
TOTAL FUNDS		 Net
movement
At
At 1/1/20
in funds
31/12/20
£
£
£
326,520
18,544
345,064
808
3
811
3,759
9
3,768
5,341
42
5,383
9,908
54
9,962
336,428
18,598
355,026
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
97,306
(78,762)
18,544
3
-
3
9
-
9
42
-
42
54
-
54
97,360
(78,762)
18,598		 Net
movement
At
At 1/1/20
in funds
31/12/20
£
£
£
326,520
18,544
345,064
808
3
811
3,759
9
3,768
5,341
42
5,383
9,908
54
9,962
336,428
18,598
355,026
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
97,306
(78,762)
18,544
3
-
3
9
-
9
42
-
42
54
-
54
97,360
(78,762)
18,598
54
18,598 
continued...

Page 20

The British Toxicology Society

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Barnes fund
Paton fund
Norman Aldridge fund
TOTAL FUNDS		 Net
movement
At
At 1/1/19
in funds
31/12/19
£
£
£
322,950
3,570
326,520
1,427
(619)
808
3,721
38
3,759
5,288
53
5,341
10,436
(528)
9,908
333,386
3,042
336,428		 Net
movement
At
At 1/1/19
in funds
31/12/19
£
£
£
322,950
3,570
326,520
1,427
(619)
808
3,721
38
3,759
5,288
53
5,341
10,436
(528)
9,908
333,386
3,042
336,428
9,908
336,428 
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Barnes fund
Paton fund
Norman Aldridge fund
TOTAL FUNDS		 Incoming
resources
£
308,202
15
38
53
106
308,308		 Resources
Movement
expended
in funds
£
£
(304,632)
3,570
(634)
(619)
-
38
-
53
(634)
(528)
(305,266)
3,042		 Resources
Movement
expended
in funds
£
£
(304,632)
3,570
(634)
(619)
-
38
-
53
(634)
(528)
(305,266)
3,042
(528)
3,042 
Restrictedfundscomprisedonationsgiventoprovidelectureawards,travelgrantsandsupporttoearly career
toxicologists. Awards are made by the trustees on an alternate year basis.

continued...

Page 21

The British Toxicology Society

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

12. RELATED PARTY DISCLOSURES

There were no related party transactions.

Page 22

The British Toxicology Society

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
14,000
-
Subscriptions
55,114
-
69,114
-
Other trading activities
Website advertising
7,875
-
OUP / RSC Journal income
2,380
-
ACT webinar series
-
-
Ambassadors' scheme
-
-
10,255
-
Investment income
Deposit account interest
2,151
54
Charitable activities
Annual Congress delegates
-
-
Annual Congress free places
-
-
Annual Congress donations
-
-
Annual Congress exhibitors and trade stands
-
-
PATDD & ACT joint meetings & webinars
15,786
-
15,786
-
Total incoming resources
97,306
54
EXPENDITURE
Raising donations and legacies
Bank charges
1,003
-
EBS - membership processing
8,121
-
Membership discount
61
-
9,185
-
Other trading activities
EBS- website management
5,894
-
Carried forward
5,894
-		 2020
Total
funds
£
14,000
55,114
69,114
7,875
2,380
-
-
10,255
2,205
-
-
-
-
15,786
15,786
97,360
1,003
8,121
61
9,185
5,894
5,894		 2019
Total
funds
£
5,000
57,372
62,372
9,750
2,060
8,486
182
20,478
2,094
137,953
23,525
16,147
10,160
35,579
223,364
308,308
873
7,962
107
8,942
5,351
5,351		 
This page does not form part of the statutory financial statements

Page 23

The British Toxicology Society

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
Restricted
funds
funds
£
£
Other trading activities
Brought forward
5,894
-
ACT webinars
-
-
Bank charges
35
-
Publicity materials
600
-
Society of Biology
-
-
Ambassadors scheme
-
-
6,529
-
Charitable activities
Publicity
-
-
Insurance
787
-
Entertainment
150
-
Speakers' expenses
-
-
Speaker & student bursaries
-
-
Student delegate travel
-
-
Delegate materials
-
-
Accommodation and meals
-
-
Printing and stationery
-
-
Technicians and equipment hire
-
-
Joint meeting costs
586
-
Bank charges
123
-
EBS management fee
19,032
-
EBS travel expenses
119
-
EBS processing fees
1,864
-
EBS credit card charges
-
-
EBS expenses recharge
-
-
Eurotox subscription
1,731
-
Understanding Animal Research
264
-
Society of Biology
690
-
Iutox International
3,048
-
Science workshops
-
-
Early career prizes
-
-
Travel bursary
372
-
Studentship
-
-
Barnes lecture fee
-
-
28,766
-
Support costs
Management
Postage and stationery
534
-
Carried forward
534
-		 2020
Total
funds
£
5,894
-
35
600
-
-
6,529
-
787
150
-
-
-
-
-
-
-
586
123
19,032
119
1,864
-
-
1,731
264
690
3,048
-
-
372
-
-
28,766
534
534		 2019
Total
funds
£
5,351
288
185
-
660
992
7,476
586
678
1,000
10,112
23,225
1,392
5,649
159,640
1,810
864
1,728
548
27,253
243
2,885
1,559
465
2,754
257
680
2,821
60
630
2,973
4,125
634
254,571
784
784		 
This page does not form part of the statutory financial statements

Page 24

The British Toxicology Society

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
Restricted
funds
funds
£
£
Management
Brought forward
534
-
EBS- trustee support
6,317
-
6,851
-
Finance
EBS- bookkeeping & finance
11,731
-
Information technology
EBS- licences & IT support
3,000
-
Members survey
5,100
-
8,100
-
Governance costs
Meeting expenses - trustees
341
-
Accountancy fees
6,601
-
Company secretarial and AGM
34
-
Meeting expenses- non trustees
606
-
Meeting expenses- room hire
18
-
7,600
-
Total resources expended
78,762
-
Net income
18,544
54		 2020
Total
funds
£
534
6,317
6,851
11,731
3,000
5,100
8,100
341
6,601
34
606
18
7,600
78,762
18,598		 2019
Total
funds
£
784
6,437
7,221
11,501
6,000
-
6,000
1,976
6,601
205
575
198
9,555
305,266
3,042 
This page does not form part of the statutory financial statements

Page 25