Trustees, Annual Report for the period Period start date 01 01 Period end date 31 12 From 2023 2023 Section A Reference and administration details Charity name BRITISH and IRISH HYPERTENSION SOCIETY Other names charity Is known by BIHS Registered charity number lif any) 287635 Charity's principal address Unit 2, Q Court, Quality Street, Edinburgh, EH4 5BP Names of the charlty trustees who manage the charity Trustee namè Offi¢e lif any Oates acted If not for wholè year Name of person lor bodyl entilled to appoint trustee if an Terence Mccomiack President 14.09.2021- 18.09.2023 Ian Wilkinson President Vice President Vice President Secretary Treasurer 19.09.2023 - 31.12.2023 14.09.2021- 18.09.2023 Phil Chowienczyk James Sheppard Luca Faconti 19.09.2023 - 31.12.2023 14.09.2021- 31.12.2023 13.09.2022- 31.12.2023 13.09.2022- 31.12.2023 Sinead McDonagh Young Investigator Representative Ordinary Member Ordinary Member Ordinary Member Ordinary Member Pauline Swift 14.09.2021- 31.12.2023 Philip Lewis Pankaj Gupta Sam Olden 14.09.2021 31.12.2023 13.09.2022 - 31.12.2023 10 13.09.2022 - 31.12.2023 13 Names of the trustees for the charity, if any, (for example, any custodian trustees) Namo Dates acted if not for whole ear Names and addresses of advisers (Optional information) e of advisor Name Add* ccountant 3 Richfield Place, Richfield Avenue, Reading, Berks. RG1 8EQ. HJS (Reading) Ltd amo of chief executive or names of senior staff members Ioptional infonnationl TAR April 2009
Section B Structure, Description of thè charity's trusts Constitution (adopted 2151 October 1983, amended 24th September 1984, 15th September 2009, 9th September 2013, 22nd September 2014. 21&1 September 2015, 22nd September 2016, 25th September 2018, 13th Se tember 2022 Association overnance and mana ement Type of governing document How the charity is constiluted Truslee $ele10n methods dbs Trustees are elected to membership of the Executive Committee by BIHS Members at the Annual Busine55 Meeting following a call for nominations earlier in the ear Additional gov8rnanc8 Issues {Optlonal Information) Ordinary and Associate Membership and Fellowship of the BIHS is open to all registered healthcare professionals and clinical practitioners active in the field of hypertension and cardlovascular disease prevention in the United Kingdom and the Republic of Iland. Affiliate membershlp may be granted to healthcare professionals residing outside the United Kingdom and Republlc of Ireland at the discretion of the Executlve Commlttee. It Includes consultants, clinicians, nurses, physiologists, pharmacists, allied healthcare professionals, and other scientlsts. Appllcations for membership are considered throughout the year. Membership of the Soclety currently stands at 286. Only members and fellows resldent in the United Kingdom and Republic of Ireland are eligible for election to the Executive Committee. You may choose to include additional information, where relevant, about.. policies and procedures adopted lor the induction and training of trustees., the charity's organisalional structure and any wider nefvlork with which the charity works., r8lation5hip with any related parties.. trustees, consideration of major risks and the system and procedures lo manage them. The management of the BIHS is undertaken by an elected Executive Commlttee of 10 persons (frustees), led by the President and Vice Pre51dent. Four Standing Committees and two special interests have also been established to help the Executlve Committee manage the day-to-day activities of the Society (at least one Trustee sits on each of the Stsnding Committees, which are required to submit regular reports to the Executive Committee on its activities). The major risks to the contlnuatlon of the Soclevs programme of educational activities are from a decrease In Income from its Industrial partners (see under 'Reserves Policy?. Minimal fees to cover administration costs only have been introduced for various projects. Section C Ob'ectives and activities Summary ofth• obj•ets of th• ¢hArlty 8•t out in it• gov•rnlng docum•nt The object of the Charity is to promote the advancement of knowledge and dissemination of information concerning the pathophysiology, epidemiology, detettion, investigation and treatment of arterial hypertension and related cardiovascular diseases Educational Meetings: Each year, the Soclety aims to run a main Scientific Meeting. Educational programmes are under review and online options are being explored. Variou5 Other meetings are held during the year; in collaboration with other cognate societles andlor as ad hoc meetings on specific topics Guidelines and Scientific Statements: The Society is a stakeholder in various National Institute for Clinical Excellence Guidelines relating to cardiovascular disease and issues statements in response to relevant media reports Website: The BIHS website (www.bihsoc.or ) provides a valuable educational resource for healthcare professionals working in the field of high blood pressure. These sOUrceS have. been Increased and enhanced over the last few ears and Summary of the main activities undortaken for the public benefit in relation to these objects linclude within this section the statutory declaration that TAR April 2009
' trustées have had regard to the guidancè issued by the Charity Commission on publlc benefit) the website has been redesigned and upgraded in Ilne wth new technologles. The new website was launched at the end of 2017. New resour are added as they become available through development. Blood Pressure Measurement.. The BIHS undertakes revlews of blood pressure monitors to ensure their suitability for sale to the public and has produced a DVD on the correct procedures for blood pressure measurement. part of the Society's increasin9 engagement in Improving blood pressure measurement, we undertake active validat6on of new blood pressure devices for the measurement of blood pressure, thus ensuring that devlces sold in the UK provlde accurate measurements so that members of the publlc can be treated approprtately by thelr physicians. Collaborative Research: The Sodety has a poli to encourage and endorse suitsble research projects and Is actlvely seeknng the vlews of the publlc to establish where there Is a need for research Into toplc areas that they feel are needed. Early Career Researchers, Netrwork: The Soclety has set up a new group to encourage younger members to share their research and to become more Involved In the Society's activities. The alm Is to nurtu and mentor young researchers for futu populatlon beneflt. At the beginnlng of 2019 the Joumal of Human HYpertenOn became the offlclal Joumal of the BIHS. An agernent was made vAth the Journal whereby the Society purchases an annual onllne subscriptlon for its membets In turn for free publlcatlon of the Annual Sclentific Meetlng abstracts and Spa In the Joumal for the Soclety to publlsh ststements on toplcal Issues, sclenttfic papers and promotlonal advertlsements for Its actlvltles. Members recelve thelr subscrlptlon without charge as a benefit of membershlp. Papers and statements publlshed by the Soclety are of an educatlonal nature wlth the alm of the dlssemlnatlon of best practlce amongst healthcare professlonals for the uldmats benefit of patlents. The Trustees have read the guldance Issued by the Charfty Commlsslon relattng to publlc benefit and can confirm that the above actlvltles of the BIHS benefit the publlc In general by Improvlng knowledge In the fleld of hypertenslon and cardlovascular dlsease, ft)sterlng the translatlon of novel cllnlcal research and baslc sclence Into best cllnical practlce and therefore Improvlng healthcare. The charlty has a track record of produclng internatlonally renowned guldellnes for the management of hypertenslon which are wldely adopted In primary care In the UK and elsewhere. There are no restrlctions to thls overall beneflt In healthcare, as outllned In the Charfty Commlsslon guidance (e.g. in terms of access, geography* membership, abllity to pay etc.). Addltlonal detalls of obJectlvo• and actlvltles O toonal Inforniatlon You may ch0088 10 include further statements, where relevant, about.. Members of the Society who fa¢ilitatelcontribute to the Education programme8, do 80 on a voluntary basis. poIIGy on grnntmiklng., polltry progr•mm• Mlatq¥ Inve8trrnnt,' The Society has opted to Invest into an Ethlcal Investment fund. eonffibutknn madg by volunl8•rn. Section D Achievements and performance Summary of the maln achievemen tsofthe charity during the year Guidellnes Standlng Commltteo Enqulries General enquiries and requests for information by telephone and emall are handled by the secretariat on a daily basis. Newsletter TAR Aprll 2009
Section D Achievements and performance Regular Newsletters are circulated to BIHS members by e-mail highlighting the recent pub51cations made by the committee. The BIHS website is updated regularly wlth statements and responses to articles by the guidellne committee. Information is posted in the news section of the website. Statements Statements are Issued by the BIHS and uploaded onto the website as and when appropriate. BIHS Statement on Renal Denervatlon (RDN) following publication of the NICE Intendentlonal Procedures Guidance IPG754: Percutsneous translumlnal renal sympathetyc denervatron for resistant hypertenslon. 1st March 2023. Adult hypertenslon referral pathway and therapeutlc management.. Brltlsh and Irlsh Hypertenslon Sodety posltlon statement Dlagnosls and management of prlmary hyperaldostsronlsm In patients with hypertenslon: a praLtlcal approach endorsed by the Brltlsh and Irish Hypertension Soclety BIHS Statement on NICE Guldellne NG238: Cardlovascular disease: risk assessment and reductlon, Includlng Ilpld modlflcatlon [NG238] Publlshed: 14 December 2023. BIHS Statement on Referral to a Hypertenslon Specialist Journal of Human Hypertenslon Two sclentlflc papers submltted by members of the Soclety were publlshed under the ausplces of the BIHS In the Journal. The abstracts for the ASM were also published onllne: Journal of Human Hypertenslon; hty:Ildol.orgllO.10381s41371-024-00908-3 Blood PrM•ure (BP) Measurement Stsndlng Commlttee Revlew of Blood Pressure Monltot5 Newly valldated devlces are revlewed and added to our webslte Ilst. The commlttee wlll also revlew derlvattve devlces of monltors currently on the list. The BIHS website is updated regularty wlth comment on toplcal Issues, new educational resources for health professlonals and newly valldated BP monltors. The webslte alms to provide a source of information on hypertenslon and cardlovascular dlsease for health professlonals. The Ilst of validated blood pressure monltors Is also accessed by patlents to Inforni their purchases. Valldauon SeThl Due to dlfficulues In recrultsment of parttclpants and the added compllcatlon of the new requlrements of the unlversal protocol whlch would requlre new contrartlng arrangements, the BIHS Valldatton Servlce has been suspended for the foreseeable fijture. NHS England The Worktng Party Is collaborating with NHS England on a major purchasing exercise on BP home monltors (>200,000 plus 16,000 for maternlty servlces). NHSE is insisting that all monltors are BIHS approved and our members are fast-tracknng the approval process. Revlew of PB monitor List A revlew Is underway of all current BP monltors publlshed on our websits list to detemiine that they meet the crlterfa to remaln on the list. A PHD fellow has been recruited to SUPPOrt In thls role and wlll recelve fundlng from the ESH legacy fijnd to undertake the revlew. They have bn appointed to the BIHS funded fellowship aiming to update our validation list through a fomal systematlc review with the aim of professionalising this important aspect of our w11£. Expetted end date of review wlll be 2024. EduOnal Progrnmmes Standlng Committse TAR April 2009
Section D Achievements and performance Educational Programmes The committee is looking to reestabllsh the BIHS'Ambassadorf programme, whereby trainlng is taken to the workforce at their place of work. This was first trialled in 2022 and has been extremely successful. Training 'Ambassadors' have been recrulted from the membershlp, bLrt programme delivery has yet to begln. A suggested programme to run local programmes in 2024 was approved. AII BIHS events are evaluated by delegates and comments are used to Inforni programme development for future training. Joint Meetlngs The jolnt meetlng wlth ISH and ESH was dellvered vlrtualty In 2021, and dlscussions are In place to bid for a joint meeting in the next few years. For the Annual scienfiC Meeung In 2023, we were Joined by Scottish Heart & Arterlal disease Preventton (SHARP) for a Jolnt sesslon showcaslng the latest scientific advances in the management of hypertenslon and cardlovascular disease rfsk. Ommn Academy The BIHS is worklng wlth Omron to dellver BP management programmes In Europe and further afield, particularly In developlng countries. The leamlng outcomes are based on BIHS tralnlng days for the multt-dlsclpllnary team to encompass a hollsttc vlew of dlagnoslng and managing hypertenslon using NICEIBIHS Guidellnes. sIn the flrst'Tralnerf day In 2014, the Academy programme has already been dellvered to doctors, nurses and pharmaclsts from Romanla, United Arab Emlrates, Kazakhstan UkRlne, Russla, Spaln, Argentlna, Peru, Mexlco and Columbia. The Trainers wlll subsequently support and dellver the programme In their own countrles. Furthermore, the Tralnlng Programme has been launched In East Asla wlth the first Tralning the Tralners, meetlng held In Thalland In December 2017 followed by one In the Phlllpplnes In November 2018. Programme slldes have recently been revlewed for teachlng In Vletnam. The programme contlnues to expand, and an onllne programme Is now underway. The commlttee Is In contact wlth Omron to oversee the content added to thelr onllne programme. BIHS Collaboratlve Research Standlng Commlttoe The commlttee is working to begln supporting some new novel research Ideas. They are looking at the followlng areas: A trlal in young obese hypertenslve metabollc syndrome patlents uslng PGLP-IA (Msil PS) Implementatlonl hybrld Implementatlon-effecttveness cluster RCT of dlgltsl intervention to improve BP management in prtmary care using EHR and CPRD Ilnkage (PS) The commtttee revlews research programme proposals from members wlth a vlew to BIHS endorsement and support whlch wlll add weight to grant appllcatfons. They have endorsed o programmes thls year. The BIHS has Jolned the Brttish Heart Foundation, Cardlovascular Research Collaborattve to asslst research prlorfty settlng using Delphl process. Cllnlcal Practltloners Spedal Interest Group The group is involved in organising a clinical sesslon at the BIHS Annual Sclentlfic Meeting. as well as a meet and greet wsion durlng the mornlng break. This Is to entice new members and to give them representation in the membership. A set of Leamlng Competencies for Nurses has been developed and are available on the webslte for free access. Work Is ongolng for reaming competencies for Pharmacists. TAR Aprll 2009
Section D Achievements and performance Early Career Researchers Spedal Interest Group The group actively plan a packed session for all early career researchers attending the annual business meeting. Their session is a mix oof lbreakers, workshops and Settures. The also planned an exclusive %)cial gathering for those in attendan at the meeting so that they could meet other students and learn al)out becoming part of the group. The group has an adve presence on social medla, addlng posts and videos to the BIHS social media accounts to engage vlrtually wlth our members. Communlcatlon Panel The communlcation panel Is a newty Introduce Inluatlve by the Society, to help with the promotlon of the soclety, what we do, who we are and why people should become members. The panel create Quarterty membershlp newsletters announcing areas of interest within the area of hypertension for our members, and spotlighting the work the soclety is completing. They also offer Edltorfal support to the EXEC. Includlng collating comments and respondlng to NICE on guldellne publlcatlons, and draftlng membershlp emalls. AtIeS cuffenty In progress Sprlng Newsletter- wlll also Include new papers publlshed, feedback on recent membershlp surveys (e.g. Young HT Survey); POrtS from ECRS attendlng Internattonal conferences; plans for World Hypertenslon Day 2024 New Hypertenslon Awareness Campalgn - Jolnt project wlth Blood pressure UK to run a awareness campalgn for rfslng levels of hypertenslon In the communlty. Thls wlll conslst of short vldeos of Celebrltles talklng about thelr experlences of hypertenslon. Plannlng and fundlng appllcatlons underway. Sectioii E Financial review The accounts of the SocSety are In good order. In vlew of reduced support from Industy the Trustees have approved a strategy to malntaln the balance of the accounts to a sum approxlmately four tlmes the annual dlrect charitsble expenditure to guarantee sustalnable charltsble actlvltles In the event of unfavourable financlal clrcumstance5. Brl•f statom•nt of tho chorlty'• pollcy on r•••rv D•tsll• of •ny fund• m•t•rl•lly In d•ficlt Furth•r flnanclal r•vlow d•tall• {Optlonal Inforniallonl In addluon to membershlp subscrlptlon fees, ad hoc financlal support from industry helps to fund the Soclevs programme of educational attlvlties. We aim to make our events Self-suppong with this asslstance. Donations from our Industrial partners are made on the condttion that all activltles undertaken by the Society are managed by the Trustees alone, and that sponsors are not Involved with any decision-maklng. You may Choo to include additional information, where relevant about: the prtndpg180ur(*B of fund8 lin¢luding Any fundr818ing)', how exp&ndilu h88 SUPPOrt8d the kty obl•cti¥e8 of the charity., The Soclety has made a long-term Investment In an ethical investment fund, whlch was approved by all Trustees. The interest from the investment has been agreed to fund three Young Investlgators Oral Prizes at the Annual Scientific Meeting. The winners wlll be glven the opportunlty of presenting their abstratt at one of the following years, meeungs of the Hlgh Blood Pressure Research Council of Australia, the American Heart ssocIaOn Councll for Hypertension, or the Itsllan Hypertension Society. The Investrnent will provide up to £1,500, £1,000 and £500 respectively towards travel and subsistence. Inv88trnenl poll and objective8 Includlng any TAR Aprfl 2009
ethical investment policy 8dopled. Section F Other optional information Section G Declaration The trustees declare that thoy have approved the tru8tae8' report above. Slgnod on behaw of tho charlty'8 tru•tso Slgnature(•) Full namels) lan Wllklnson Po$ltlon {e.g. Sec, Chalr, •tc.) Presldent Date TAR Aprll 21)09
Charity registration number 287635
BRITISH AND IRISH HYPERTENSION SOCIETY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
BRITISH AND IRISH HYPERTENSION SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr L Faconti | |
|---|---|---|
| Professor T McCormack | ||
| Professor I Wilkinson | ||
| Dr J Sheppard | ||
| Dr P Swift | ||
| Dr P Lewis | ||
| Mr S Olden | ||
| Dr Pankaj Gupta | ||
| Dr Sinead McDonagh | ||
| Professor P Chowienczyk | (Appointed 19 September | |
| 2023) | ||
| Charity number | 287635 | |
| Principal address | c/o In Conference Limited | |
| Unit 1 Q Court | ||
| 3 Quality Street | ||
| Edinburgh | ||
| Scotland | ||
| EH4 5BP | ||
| Independent examiner | HJS (Reading) Limited | |
| 3 Richfield Place | ||
| Richfield Avenue | ||
| Reading | ||
| Berkshire | ||
| RG1 8EQ |
BRITISH AND IRISH HYPERTENSION SOCIETY
CONTENTS
| Page | |
|---|---|
| Independent examiner's report | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 10 |
BRITISH AND IRISH HYPERTENSION SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH AND IRISH HYPERTENSION SOCIE I report lo the trustees on my examination of the finanrjal ststements of Britosh and Irish Hypertension Society (the Charity) for the year ended 31 Dember 2023. Responsibilities and basis of report As the trustees of the Charity you are responsible for the preparation of the finanaal statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respe¢t of my examination of the Charty'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 1451Sllbl of the 2011 Act. Indopendent èxaminerfs statsment Your attention 15 drawn to the fact that the charity has prepared financial slalements in aCCordare with Accounting and Reporting by Charities preparing their accounts in a¢¢ordance with Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Stalemenl of Re¢ommended Practice issued on 1 April 2005 which is referred to in the extant regulation5 but has now been withdrawn. l understand that this has been done in order for flnancial statements to Provide a true and fair view in accordance with Generally Accepted Accounting Pr8th'¢e effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confim Ihal no matters have come to my attention in connection wth the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by se¢lion 130 of the 2011 Act,. or the financial slalemenl$ do not aOrd with those records.. or the finan¢i81 statements do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulab'ons 2008 other than any requirement that the accounts give a true and lair view which 13 not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. HJS (Reading) Limlled 3 Richfield Place Richfield Avenue Reading Berkshire RG1 8EQ D8ted'.
BRITISH AND IRISH HYPERTENSION SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 18 | 1,421 |
| Charitable activities | |||
| Conference and meetings | 46,950 | 39,570 | |
| Membership fees | 17,123 | 12,921 | |
| ASM Social programme | 3,825 | 3,587 | |
| OMRON licensing agreement | 17,000 | 17,000 | |
| ASM Exhibition and sponsorship | 33,250 | 23,700 | |
| Derivative device applications | - | 10,000 | |
| Investments | 4 | 17,198 | 16,921 |
| Total income | 135,364 | 125,120 | |
| Expenditure on: | |||
| Charitable activities | 5 | 157,295 | 148,818 |
| Total expenditure | 157,295 | 148,818 | |
| Net gains/(losses) on investments | 10 | 51,313 | (74,110) |
| Net income/(expenditure) and movement in funds | 29,382 | (97,808) | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2023 | 691,172 | 788,980 | |
| Fund balances at 31 December 2023 | 720,554 | 691,172 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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BRITISH AND IRISH HYPERTENSION SOCIETY BALANCE SHEET AS AT JI DECEMBER 2023 2023 2022 Flx•d a•••ts Tanglbl• 888ets Curr•nt *•••ts 12 13 21,779 834.829 112,771 50,833 602,730 $4,221 Inv•strMnts Cabh al bwk and kn h•rw] ,379 707,584 Crndltorn". •mowth f•Nlrffj du• wlthln on• y•xr 14 148,8251 {16.4121 720,554 691.172 Incom• lund• Unr•8trka•d fund• 720,554 691,172 720,554 691,172 The aoxunl•w•re apprOd by the Trustees on ........ DrLF8w Tr1••
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
British and Irish Hypertension Society is a registered charity further details can be found at www.bhsoc.org.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 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.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and VAT.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is accounted for on the accruals basis.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 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.
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.
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BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 18 | 421 |
| Stanley Pearl essay fund | - | 1,000 |
| 18 | 1,421 |
4 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Dividends and interest receivable | 17,198 | 16,921 |
- 6 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
5 Charitable activities
| Conferences and information services £ Charitable activities 88,488 Dr Grayson Fund 151 88,639 Share of support costs (see note 6) - 88,639 |
Support costs £ - - - 68,656 68,656 |
Total 2023 £ 88,488 151 88,639 68,656 157,295 |
Total 2022 £ 88,106 150 |
|---|---|---|---|
| 88,256 60,562 |
|||
| 148,818 |
- 7 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
6 Support costs allocated to activities
| Admin costs Finance costs Exchange rate differences (support) Analysed between: Charitable activities 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements |
2023 £ 66,245 1,440 971 68,656 68,656 2023 £ 1,500 |
2022 £ 61,689 1,182 (2,309) 60,562 60,562 2022 £ 1,500 |
|---|---|---|
8 Trustees
None of the trustees or committee members (or any persons connected with them) received any remuneration during the year.
9 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| Total | - | - | |
| There were no employees whose annual remuneration was more than £60,000. | |||
| 10 | Net gains/(losses) on investments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Unrealised gain/(loss) on COIF account | 51,313 | (74,110) |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 8 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 12 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 13 Current asset investments Unlisted investments 14 Creditors: amounts falling due within one year Notes Deferred income 15 Trade creditors Accruals 15 Deferred income Arising from Stanley Pearl essay fund Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 January 2023 Resources deferred in the year Deferred income at 31 December 2023 |
2023 £ 808 18,552 2,419 21,779 2023 £ 634,829 2023 £ 5,000 17,308 26,517 48,825 2023 £ 5,000 2023 £ 5,000 5,000 - 5,000 |
2022 £ 4,358 38,138 8,137 |
|---|---|---|
| 50,633 | ||
| 2022 £ 602,730 |
||
| 2022 £ 5,000 7,077 4,335 |
||
| 16,412 | ||
| 2022 £ 5,000 |
||
| 2022 £ 5,000 |
||
| - 5,000 |
||
| 5,000 |
- 9 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
16 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 General funds Previous year: At 1 General funds |
January 2023 Incoming resources Resources expended Gains and losses At 31 December 2023 £ £ £ £ £ 691,172 135,364 (157,295) 51,313 720,554 January 2022 Incoming resources Resources expended Gains and losses At 31 December 2022 £ £ £ £ £ 788,980 125,120 (148,818) (74,110) 691,172 |
|---|---|
17 Related party transactions
During the year the society reimbursed travel expenses amounting to £1,912 (2022 £821). The number of trustees and committee members involved was 6 (2022 5).
- 10 -
Charity registration number 287635
BRITISH AND IRISH HYPERTENSION SOCIETY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
BRITISH AND IRISH HYPERTENSION SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr L Faconti | |
|---|---|---|
| Professor T McCormack | ||
| Professor I Wilkinson | ||
| Dr J Sheppard | ||
| Dr P Swift | ||
| Dr P Lewis | ||
| Mr S Olden | ||
| Dr Pankaj Gupta | ||
| Dr Sinead McDonagh | ||
| Professor P Chowienczyk | (Appointed 19 September | |
| 2023) | ||
| Charity number | 287635 | |
| Principal address | c/o In Conference Limited | |
| Unit 1 Q Court | ||
| 3 Quality Street | ||
| Edinburgh | ||
| Scotland | ||
| EH4 5BP | ||
| Independent examiner | HJS (Reading) Limited | |
| 3 Richfield Place | ||
| Richfield Avenue | ||
| Reading | ||
| Berkshire | ||
| RG1 8EQ |
BRITISH AND IRISH HYPERTENSION SOCIETY
CONTENTS
| Page | |
|---|---|
| Independent examiner's report | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 10 |
BRITISH AND IRISH HYPERTENSION SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH AND IRISH HYPERTENSION SOCIE I report lo the trustees on my examination of the finanrjal ststements of Britosh and Irish Hypertension Society (the Charity) for the year ended 31 Dember 2023. Responsibilities and basis of report As the trustees of the Charity you are responsible for the preparation of the finanaal statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respe¢t of my examination of the Charty'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 1451Sllbl of the 2011 Act. Indopendent èxaminerfs statsment Your attention 15 drawn to the fact that the charity has prepared financial slalements in aCCordare with Accounting and Reporting by Charities preparing their accounts in a¢¢ordance with Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Stalemenl of Re¢ommended Practice issued on 1 April 2005 which is referred to in the extant regulation5 but has now been withdrawn. l understand that this has been done in order for flnancial statements to Provide a true and fair view in accordance with Generally Accepted Accounting Pr8th'¢e effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confim Ihal no matters have come to my attention in connection wth the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by se¢lion 130 of the 2011 Act,. or the financial slalemenl$ do not aOrd with those records.. or the finan¢i81 statements do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulab'ons 2008 other than any requirement that the accounts give a true and lair view which 13 not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. HJS (Reading) Limlled 3 Richfield Place Richfield Avenue Reading Berkshire RG1 8EQ D8ted'.
BRITISH AND IRISH HYPERTENSION SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 18 | 1,421 |
| Charitable activities | |||
| Conference and meetings | 46,950 | 39,570 | |
| Membership fees | 17,123 | 12,921 | |
| ASM Social programme | 3,825 | 3,587 | |
| OMRON licensing agreement | 17,000 | 17,000 | |
| ASM Exhibition and sponsorship | 33,250 | 23,700 | |
| Derivative device applications | - | 10,000 | |
| Investments | 4 | 17,198 | 16,921 |
| Total income | 135,364 | 125,120 | |
| Expenditure on: | |||
| Charitable activities | 5 | 157,295 | 148,818 |
| Total expenditure | 157,295 | 148,818 | |
| Net gains/(losses) on investments | 10 | 51,313 | (74,110) |
| Net income/(expenditure) and movement in funds | 29,382 | (97,808) | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2023 | 691,172 | 788,980 | |
| Fund balances at 31 December 2023 | 720,554 | 691,172 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 2 -
BRITISH AND IRISH HYPERTENSION SOCIETY BALANCE SHEET AS AT JI DECEMBER 2023 2023 2022 Flx•d a•••ts Tanglbl• 888ets Curr•nt *•••ts 12 13 21,779 834.829 112,771 50,833 602,730 $4,221 Inv•strMnts Cabh al bwk and kn h•rw] ,379 707,584 Crndltorn". •mowth f•Nlrffj du• wlthln on• y•xr 14 148,8251 {16.4121 720,554 691.172 Incom• lund• Unr•8trka•d fund• 720,554 691,172 720,554 691,172 The aoxunl•w•re apprOd by the Trustees on ........ DrLF8w Tr1••
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
British and Irish Hypertension Society is a registered charity further details can be found at www.bhsoc.org.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 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.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 4 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and VAT.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is accounted for on the accruals basis.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 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.
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.
- 5 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 18 | 421 |
| Stanley Pearl essay fund | - | 1,000 |
| 18 | 1,421 |
4 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Dividends and interest receivable | 17,198 | 16,921 |
- 6 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
5 Charitable activities
| Conferences and information services £ Charitable activities 88,488 Dr Grayson Fund 151 88,639 Share of support costs (see note 6) - 88,639 |
Support costs £ - - - 68,656 68,656 |
Total 2023 £ 88,488 151 88,639 68,656 157,295 |
Total 2022 £ 88,106 150 |
|---|---|---|---|
| 88,256 60,562 |
|||
| 148,818 |
- 7 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
6 Support costs allocated to activities
| Admin costs Finance costs Exchange rate differences (support) Analysed between: Charitable activities 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements |
2023 £ 66,245 1,440 971 68,656 68,656 2023 £ 1,500 |
2022 £ 61,689 1,182 (2,309) 60,562 60,562 2022 £ 1,500 |
|---|---|---|
8 Trustees
None of the trustees or committee members (or any persons connected with them) received any remuneration during the year.
9 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| Total | - | - | |
| There were no employees whose annual remuneration was more than £60,000. | |||
| 10 | Net gains/(losses) on investments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Unrealised gain/(loss) on COIF account | 51,313 | (74,110) |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 8 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 12 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 13 Current asset investments Unlisted investments 14 Creditors: amounts falling due within one year Notes Deferred income 15 Trade creditors Accruals 15 Deferred income Arising from Stanley Pearl essay fund Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 January 2023 Resources deferred in the year Deferred income at 31 December 2023 |
2023 £ 808 18,552 2,419 21,779 2023 £ 634,829 2023 £ 5,000 17,308 26,517 48,825 2023 £ 5,000 2023 £ 5,000 5,000 - 5,000 |
2022 £ 4,358 38,138 8,137 |
|---|---|---|
| 50,633 | ||
| 2022 £ 602,730 |
||
| 2022 £ 5,000 7,077 4,335 |
||
| 16,412 | ||
| 2022 £ 5,000 |
||
| 2022 £ 5,000 |
||
| - 5,000 |
||
| 5,000 |
- 9 -
BRITISH AND IRISH HYPERTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
16 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 General funds Previous year: At 1 General funds |
January 2023 Incoming resources Resources expended Gains and losses At 31 December 2023 £ £ £ £ £ 691,172 135,364 (157,295) 51,313 720,554 January 2022 Incoming resources Resources expended Gains and losses At 31 December 2022 £ £ £ £ £ 788,980 125,120 (148,818) (74,110) 691,172 |
|---|---|
17 Related party transactions
During the year the society reimbursed travel expenses amounting to £1,912 (2022 £821). The number of trustees and committee members involved was 6 (2022 5).
- 10 -