CHARITY REGisfRATION NUMBER- 293854 COMPANY REGISTRATION NUMBER~ 1962979 BRm5H AssoaATION OF SPORT AND EXERCISE MEDiaNE UNAUDITED FINANaAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 AecDJNSA 12A2022 OMPANIES HOUSE A14
BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDiaNE FOR THE YEAR ENDED 31 DECEMBER 2021 CONTENTS Page REPORT OF THE TRUSTEES 1-12 INDEPENDENT EXAMINER'S REPORT 13 12 MONTH PERIOD ENDED 31ST DECEMBER 2021 14 BALANCE SHEET 15 NOTES TO THE ACCOUNTS 16-24
BRinsH AssoaATION OF SPORT AND EXERCISE EaNE REPORT OF THE TrUSTEES FOR THE YEAR ENDED 310ECEMBER 20ZI REFERENCE ANO ADMINISTRATIVE DEfAILS Charity Name: British Association of Sport and Exercise Medicine {BASEM} Registered Charity Nurnber: 293854 Company Registration Number- 1962979 Registered Office Unlt 10 Phoenix Park, Stephenson Industrial Estate. Telford Way. Coalville. LE67 3H8 Operatlonal Address 3 Jetstream Drive, Auckley, Ooncaster. DN9 3QS Board of Trustees Dr Roser Hawkes (President) Dr Eleanor Tillett Ichairl Dr Ajai Seth ITreasurerl Dr Robin Chatterjee Isecretaryl Dr Kay B nnan Ichair of Educationl Dr Patrick Wheeler (Chair of Scientific Advisory Group) Dr Katie Marino (Head of Membership Servhcesl Dr Jane Dunbar IExecutive Member) Dr Dane Vishnubala (Executive Member) Company Secretary Dr Robin Chatterjee (Secretary) Key Management Personnel Lynda Phillips (Chief Executive Officer) Bankers HSBC Bank Plc, l High Street, Doncaster Independent examiner Andrew Cribb FCA Smith Craven, Siding5 House. Sidings Court. Doncaster. DN4 5NU
BRITISH AssoaATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 STRuvRE. GOVERNANCE AND MANAGEMENT Governing Document The organisation 15 a charitsble company limited by guarantee and registered in England. The company was established under a Memorandum of Association that established the objects and powers of the charitable companv and is governed by its governing document and Articles of Association. In the event of the company bein8 wound up. each member is required to contribute an amount not exceeding £1. The trustees are the Directors of the company for the purposes of the Companies Art 21XJ6. Recruitment and Appolntment of Trustees Trustees are appointed for up to 3 years and can be reolected for a further 3 years. subjert to the rule5 laid down in the Memorandum and Articles of Association. Trustee Induction and Training New incoming trustees are presented with a full induction pack which includes roles and responsibilities of charity trustees and legal requirements. The Chair and CEO are responsible for ensuring a full induction of Trustees takes place, providing information on the structure, futu plans. operational policies and any other information seen to be of assistance to the post holder. All documentary changes as signatory to any official document5 are put in place by the CEO or secretary at the time of the changeover of trustees. Risk Management The trustees recognise the importance of Risk Management within the framework of governance and internal control. Risk assessments, including financial and securrty r45ks, have been carrred out by the trustee5. The ssessment is reviewed on an ongoing basi5. by the CEO and the Treasurer. The outcome of these reviews is then reported to and discussed by the Irustees at meetin85 held throughout the year and the risk management policies are amended as required. Organisational Strurture The board meet at least four times a year to deal with the business of the Association and is responsible for the governance framework, the strategic direction and policy of the charity- Staff members also attend the meetings but have no voting powers. All decisions on policy changes. intfoduction of new policy. business, discussion and agreement of all busine55 of the sub-committees. reporting on business from the Secretary, Treasurer. and CEO are discussed and agreed at each board meeting. New initiatives. legal requirements and questions raised by Member5 are all discussed at each meeting. Each meeting's minutes are recorded. circulated to each member and is made available to Members upon request. Day to day enquiries regarding the operational busine55 are dealt with by the CEO and SMT.
BRinsH AssoaATION OF SPORT AND EXERCISE MEDiaNE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Foreword by Chair of BASEM, Dr Eleanor Tillett Welcome to BASEM'S annual report forthe perh)d of ljanuary to 31 December 2021. The year in review has seen a great deal of activity take place at BASEM, intluding a major review of the memorandum and articles of association, the governing document which defines how BASEM operates. Additionally• with the year starting with a national lockdown due to the COVID-19 pandemic, BASEM had to be creative to continue to run courses and conferences and we entered the virtual world. Our key highlights of the year include- A hugely successful Spring Conference. focusing on hip and groift. switched to a virtual event, and bringing in over 2400 (lelegates from across the globe. The feedback from the conference was overwhelmingly positive. with most participants confirming they had learnt something valuable that they can take back into practice to support patients. Continuing our education provision through COVID-19 restrictions by developing the courses for online delivery and ensuring safe distances. This included running a Foundation Skills course for 30 delegates, two Revision tour5e5, Wlth 47 participants across both and a one-day edutation day with over 70 attendees. The great amount of work that went into the restructuring of the organisation's M&As proved valuable when at the end of 2021, we were able to produce a final draft of the new M&As ready for approval at the AGM. The new M&As will allow the organisation to operate more efficiently in an increasingly online world. We developed new partnership5 to broaden our education offer to our members, providing a range of edutational re50urces to improve learning across the settor. The recruitment of BASEM'S first Chief Executive Officer. Lynda joined us in November 2021 and by the end of the year she had begun work with the Board and staff teams on developing a strategic plan which will take BASEM forward and further support the work of SEM professionals and improve outcomes for the community. I would like to thank all our volunteers. who devoted much of their personal time to BASEM over the last year and worked hard to develop 8ASEM through various channels. including committees. subgroups, in-house publication and journal editing teams, and of course working on our Board of Trustees. My thanks also goes out to our staff members and contractors who had to adapt so quickty to different ways of working at various points throughout the year. Finalty, I would like to thank our mernbers who continue to support 8ASEM's objectives and each other. Our people are valuable to BASEM, and we wouldn't be able to deliver any of our objectives without their ongoing commitment. Chair of BASEM
BRinsH AssoaATION OF SPORT AND EXERCISE MEDlaNE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Introduction BASEM is an organisation established in 1952 to promote the study and investigation of all medical aspects of sport. Its vision was to be the authoritative body on every medical aspect of athletics and exercise. The organisation has worked hard over the years to gain recognition for the field of sports medicine, raising awareness, pioneering research, and leading in practice. Today, BASEM is known as a multidisciplinary sports and exercise membership organisation. Many of its members are doctors. many with key influence within SEM, both in the UK and acr05S the globe. BASEM'S membership has grown and continues to do so at a Steady rate each year, with just over 1000 members across a wide selection of disciplines. Many of its members are artively involved with BASEM. whether that be through participation in one of the committees, providing resources for members or holding a place on the Board. The expertise within BASEM is extensive. BASEM co-owns the British Journal of Sports Medicine. a highly rated gbbal publication which promotes research and education in sport and exercise rnedicine. BASEM'5 Vision 8ASEM is the leadlftg mukldtsclpllnary sport and exerclse medicine membership organtsation in the UK with a core responsibility to provide leadershiptr education, and support for all. 8ASEM members are multidisciplinory healthcore professionols who provide the core and monogement necessury to ensure st7fe and continuing porticipation in sport ond physical Ottivity at oll levels with on emphosis on muscu105keletol medicine. BASEM supports the benefits of phy5iCt71 artivity in ollpopulutions, without discrimination t7nd the importance it ploy5 in health ¢7nd well-bein9 ond its role in both primory cndsecondorypre¥ention of disease. BASEM supports the WHO GlobolAction Plon to moke significantly more people ortive by2030. • BASEM recognises the need for strong National and International partnerships to achieve its vision. BASEM is joint owner of the British Journol ofsports Medicine ond the BMJ Open Sport and Exercise Medicine Journ171 with BMJ Publishing t7nd 5UPPOrts ustrong internotionol research agendo to underpin its principles.
FOR ThE YEARENDED31 DECEM$ER a021 8ASEM's Objects Overthe year, despits theCOVILI9 restrKtns, %%have still beenatle to $tef0Cuson argIOrta$ètW)rt.SOptte5tr0h a broadvarietyofdlfferent methods, all Invaluabt¢ our members. These a 5ummarised inthe tsble beknw. ObSett To promoteexercise as a therapeutic t1 Obitrt To wwy)rtafft1 promotetbe multi-disciplM)ary m in Swrtand ExefCi MedKiThe Artlyity 5upportingAHPswlth education ofter 0fferin8educaln and resources for diverse Award5and bursaries SpringconfererKe Eduotmjn meetir To support professi¢Nal rteedsoftM)5e doctor5WOrtin8 in the specialty Df Swrt and Exercise Medicine and to advise or Career strurtvres ffj Sportand Exerti5e Medicine,. FouDdaiionand RevsA)rbSkil ¢out5es CareÈr tÈSaurceson website Connecknr6 rremtrswilh each otherio supwjrttareers Advertiyr1obV3tantIès LO supwttareer proBre55 Supported USEMS websiie and virtual rneeti t05ts SEM Academ¥ tonfeien Cowe5 Awards To pYoe 5L1PPDrtaJedUtatIn for those healthcare wfessitynats invofved inthe careof athte5 aThJ indldal5 brerkrg orawring to wthiake. TeguLir phy5KaartWityaiall Sprin8 tonfere¢ EdltIOn day To promore the 5pKiahyof Sport and Exertise MEdi¢ine and toencouTrge best 5tandardsof tlinital pratte iiltF care of To promoteihe thptyonof ewdented-based praclKe in all areasof Smand Exercise med1 Research Conferere Member5 in¥0ed in committees. BASEM Re orts Hosied sympoUrnS (intErnatTralI To SUPPDrtand encour38e research in Sport and Exertise Medicine Aeseat¢h To wmte adoptn ofeeISe and phy5ital Mty byall SeCtS0t thè poputsth) for thEirgenEralwe111Eingand iTthe entM)nof illness To toosrrate Wilht facultyof 5w>rtand Exerose med1 and the Instite of SpDrt and Exercise MedKineand totollalx)rate with0tr a5yX4ltW both naivjnalty arKI internatiornalty, ifbfurthenn8thtspetk3rtyof 5pDrt & Exercise me1nand thÈ3wnsofthe SL101m. Award5 To assist and advtsÈ all reknntautlK)rii*5 in adopting policie5 that will entDufa8e nd promote physical acimty in sc the workplate and thE home Parter5 Partnerships
BRITISH ASSOQATION OF SPORT AND EXERasE MEDiaNE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The Financials Our Direct Costs Cost Types Percentage Even with many of our awards and bursarie5 being on hold throughout this period due to COVID. meaning we spent le55 than allocated on these, we have increased the spend on direct costs from the previous year, which are those that directly impact our members. We have done this through adding value by introducing more resources available to our members, intluding BASEM Reports and SEM Academy. Ourgeneral administrative costs increased from the previous year mostly due to additional legal costs incurred to support BASEM with staffing matters. drawing up partnership contracts and making changes to our M&As. 41 Indirect Costs Ooiiect C¢)sts Costs Breakdown Split of Costs Percentage Salaries • Journal • IT IWeb51te ll Partnerships ll EducatK•n ll Orher ll BTI BR • Prof fees ll Awards The largest expense was on staff salaries. including Nl, pensions. and one-off staff costs. However. this expenditure equates to just 19% ofour income. Throughout this year. there have been up to three members of staff employed by
BRITISH A5soaATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 BASEM at any one time. yet the achievements of the organisation have been great. We recognise that we can do more still if we invest further in this area and as such. we have plans to increase our Staffing next year. Our IT and website are key to delivering rnany of the re50urce5 for members and non-member5 alike. We have invested in our IT to ensure members can access the latest developments in SEM quickly- However, with the growth of our membership, we need to overhaul our ITsystems to make them fit for the future, and we have plans to do this next year. Our partnerships are key to our resources offer to our members and include costs for purchasing licences for SEM e- learning platforms such as SEM Academy. WCEA and Ortho Evidence. These platforms contain up to tlète information and some such a5 Ortho-Evidence provide opportunities for professionals to share experiences and gain peer support. Income Split of Income Percentage • BISM Mernbership Courses Rent Our income sources rernain the same. with much of our income being from our medical journal, 81SM. This helps to support the costs of supporting our membership and bein8 able to have a greater impact in developing the sports and exercise medicine speciality. Balance Sheet Our resee5 policy states we are to have two years running costs in our reser¥e5. BASEM currently hold5 £2,576,954 in reserves including restrirted funds of £4.4(Kl. We are in the process of planning the use of the unrestricted funds over and above our reserves policy to further our aims. This will be part of our strategic plan which we will be designing and implementing from next year.
BRMSH ASSOCIAnoN OF SPORT AND EXERCISE MEDiaNE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Actions Against Last Year's Plans Plan To build on the significant progress made during 2020 in terms of financial stability and will tontinue to look at cost efficient ways of running the organisation to ensure the longer-term financial sustainability and growth of the Association. Activity Board training CEO appointed Plans for reserves To allocate some of the unrestrirted funds achieved during 2020 to further develop the organisation and the benefits it offers to its members. Conference held at no charge to delegates Funds allocated for awards and bursaries Course development to ensure we could offer virtual options Further membersgained through partnerships. including a broadening of the disciplines to include more AHPS Continued partnership with FSEM and SUPPOrting Moving Medicine initiative BASEM plans to continue to promote membership to both existing and potential new member5 BASEM is keen to promote physical artivity to the whole population, to improve general health and to aid in the prevention and management of chronic disease and will continue to deliver training in different formats to meet learner needs as per the Moving Medicine cooperation with F5EM The BJSM will continue to be marketed in new territories Continued collaboration with 81SM partners. BMJ, to ensure BJSM'S success Although our plans had to be tweaked somewhat, all of these except the AGM were held in some form. The AGM was postponed to 2022 due to COVID-19. BASÉM will facilitate a Spring Meeting on 28th May. This event will be delivered remotety. providing free accredited learning for all. The Annual Conference and AGM will be held Ilth ènd 12th November in Brighton. BASEM also plans to run Revision Courses for the FSEM Membership Exam Parts One and Two and Foundation Skills Course. Activities to Meet Objects Our Research Bursaries and Awards We are very proud of the bursaries and awards 8ASEM gives to support our members in developing the speciality of sport and exercise medicine. We have several awards and bursaries that focus particularly on supporting the education of our members, including many opportunities to commence research, which has an impact on the way patients receive treatment, from the elite athlete through to the gentle walker. We also like to recognise and promote members who have deliVed something outstanding in the year. These award5 SUPPOrt our aim to ensure sport and exercise medicine is delivered with a high level of quality. This year. these include= Our Msc Sport and Exercise bursary awarded to explore the effects of exercise type and intensity on cognition.
BRITISH AssoaATION OF SPORT AND EXERasE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 A Research Bursary given to monitor the irnpact of personalised exercise programmes in people recovering from COVID-19 from critical care to return to every-day life. A Research Bursary given to explore the muscles involved in wrist injury in golfers. Our Travelling Fellowship given to conduct a study into the benefits and risks of performance exercise, in particular dance. Our one-off RetO8nition of Contribution through COVID Award was won by the Chief Medical Officer steering group for developing a framework for the safr return to sport. which was adopted nationally benefiting all those involved in sport The Sir Roger Bannister Award seeks to recognise a lifetime's outstanding contribution to the field of Sport and Exercise Medicine. This year. BASEM awarded this to Dr Faith Gardner for her significant contribution throughout her career to the work in the recognition of sports and exercise medicine as a distinct speciality. Our Membership Our membership increased during 2021 and includes broad and multi4isciplinary range of professionals. Membership increased from 983 members at the end of2020to 1047 members at the end of 2021. There wa5 an increase of 19% of Allied Health Professionals IAHPs1. including a number of osteopaths transferring membership from the now dissolved Osteopathic Sports Care Association IOSCAI. Our overseas members also increased by over 30%. which 8ives US the opportunity to support Sports and exercise medicine acr05S the globe. Our Education and Careers Resources Throughout the COVID-19 pandemic, it was more important than ever that medical professionals could access tralning. 8ASEM's courses were typically delivered face-to-face. however the lockdown prevented this from taking place. Our approaches to delivery had to change and much of our education became online. BASEM supports doctors wishing to take the Faculty of Sport and Exercise Medicine {FSEM} Diploma exam, which enables them to become members of the FSEM and gain recognition as a Physician with a speciality in sports ond exercise medicine. The Part Two Revision Course programme was restructured to develop the first online course, delivered in February 2021. The course had twelve dele8ates who will have been able to take the FSÉM exam following completion. We continued to run the revision course online for Part One, whith was deliVed in July 2021. We were very pleased to have 35 delegates for this course. showing more professbonals are getting involved in sport and exercise medicine. Our Foundation Skills Course is è startinE point for those wishing to explore a career in sport and exercise medicine. It covers the broad ranEe of skills, including team care. Musculo-skeletal medicine and exercise. There is a practical emphasis in the course which means delegates can take a hands-on approach to learning. In October 2021. we ran our annual Foundation Skills Course. With some restrictions being removed by this time, we I have much mo confidence in undertaking MSK consultations I now have better examination skills that I have put to immediate use Massively improved my joint examinations!
BRITISH AssoaATION OF SPORT AND EXERCISE MEDiaNE . REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 were able to deliver this in-person. To meet guidelines and run the event safely. we acquired a larger space for delivery and provided PPE for the delegates. We had 30 delegates. Our Partnership5 USEMS We a very svpportwe of our studentdottors who are starting out in iheirSEM careers, and we work closely with the Undergraduate Sports and Exercise Medicine Society IUSEMSI to encourage, inspire, and support students in their initial steps. BASEM has SUPPOrted the financial running of the society through sponsorship of its website, IT costs, conferences and events. In 2021. we sponsored awards for the USEMS poster prize given at their conference which attracted over So student delegates looking to begin their careers in sport and exercise medicine and make it their career. raising their awareness of how BASEM can support them. The supporting of networking and educational opportunities for those wishrng to pursue career5 in SEM ensures the next generation of SEM professionals are provided with educational opportunities during their traininE at a reasonable tost. making it more accessible to a greater number of people as a career choice. SEM Academy In 2021, we agreed a partnership with the Australasian College of Sport and Exercise Physicians IACSEP} to work with them on producing a high-quality SEM specific education resource for SEM professiona15 across the globe. This would be delivered through ACSEP'S platform. SEM Academy. Recognising that SEM is very new. and experts are broadly spread across several countries. we wanted to work on the basis that we could help to bring expertise together into one resource that would always be up to date. As such. we have invested in this resource and have committed to providing course content for it, in addition to providing it as a free resource for all 8ASEM members. Royal Society of Medicine This year, we agreed a partnership with the Royal Sotiety of Medicine. offering a joint discount off each otherfs membership to encourage greater knowledge sharing. Faculty of Sport and Exercise Medicine Over the year we have continued to work closely with the Faculty of sport and Exercise Medicine IUKI who Set standards for sport and exercise medicine in the UK. We have heavily supported their initiative. Moving Medicine, which supports medical professionals to have meaningtul discussions with patients about incorporating emercise into their lives. Our Conferences Spring Conference Due to COVID-19 and in the interests of continuing our educatitin offer to our membership, we switched the original plans for an in-person conference to a completely virtual conference. At the same time, we removed all fees for people to attend. The day, focusing on hip and groin attracted delegates from 143 countries across over 2000 delegates. "Evidence-based information combined with clinical experience. "Best focus on pelvic injury from all angles and openin8 up new and beneficial research points for athletes and sociev, "Everything was perfect and well explained. I have learnt a lot" io
BRMSH ASSOCIATION OF SPORT AND EXERasE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 "It provided a broad spectrum and overview into the application of evidence-based practice and insight in the approach of diagnosis and treatment from a variety of different professions" "It helped me to see it in a new perspective and helped me find a new way to deal with hip and groin conditions" Education Day Again, due to COVID-19 cases increasin& and the new Omicron strain being very much an unknown. BASEM completely switched the Autumn Education Day to an online only event in November. Our AGM which would usually have been held on the same day was postponed until the following year, as our constitution did not allow online voting. Our Autumn Education Day was attended by over 70 delegates. We had a variety of sessions, including a session on Long COVID clinics which enabled delegates to better understand the effects of Long COVID and how they can sUPPOrt patients. Hosted Symposium We were delighted to be invited to host a symposiurn at the Intemational Federation of Sports Medicine's IFIMSI conference this year. bringing British specialists to share knowledge on social prescription. impact of movement on health and positive health effects of playing golf. Our Resources British Journal of Sport and Exercise Medicine IBJSMI Jointly owned by BASEM an(18ritish Medical Journal18MJI. our members continue to receive thi5 journal at no charge to them. The journal is still the leading sports medical journal in the world and is highly regarded by our membership. We also publish BMJ Open Sport and Exercise Medicine IBOSEMI. a peer reviewed open access journal which allows anyone to view research carried out by professionals within the SEM speciality. Thi5 ioumal highlights the expertise within the sector and supports our mission to gain greater recognition for SEM. Newsletters BASEM'S first newsletter was published in March 1999 and BASEM ha5 been producing a newsletter ever sinte. Now in the form of BASEM Today, this quarterly publication goes out to all members, in addition to being distributed to educational establishments and at other events that BASEM supports throughout the year. The newsletter gives members an opportunity to read about what other members are doing in their field of expertise. again sharing the multi-disciplinary approach. There were an increasing number of more scientific articles with references being submitted by guest editors and as such, BASEM Reports was introduced in May this year as a supplement to BASEM Today. The i55ues of BASEM Reports this year included.. Sports cardiology handbook. presented by Dr Michael Papadakis Sports Imaging Handbook, presented by Dr {LT Coll Ed Sellon Lon8 COVID Handbook. presented by Dr Romila Bahl. Dr Polly Baker and Dr Rebecca Robinson OrthoEvidence To support the osteopaths who had become BASEM members dufing this year. we took on a licence to provide OrthoEvidence to all of our members free of charge. This resource is a platfom) which provides education. research, networking and sharing of best practice within Musculo-skeletal medicine. Volunteers BASEM encourages its members to be actively involved in BASEM'S attFVities and a large proportion of BASEM'S work utilises member volunteers who donate their time and expertise to support BASEM'S aims. Some of the volunteers li
BRITISH AssoaATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 are part of cornmittees. such as research. award5. scientific advi50ry group. and education cornmittees, which are made up of a mutti-di5ciplinary team. reflerting the membership and ?5 Such being able to have a greater impact to all of our members. When Oscq members joined BASEM this year, the Vice President of OSCA joined the education committee to provide experience of Osteopaths in sport and exercise medicine. In addition to the committees, other volunteers include our BASEM Today and BASEM Reports editorial team, videographer and photographer for our events, many volunteers who support the organisation arHI delivery of our conferences and education events and those who keep in touch with BASÉM less formally to support our work. And we are very lucky to have a dedicated Board who put in regular hours, both in their legal duties as Trustees. looking after the governance of the organisation, and operationally. supporting in hands-on roles. There is a vast amount of volunteer hours donated to BASEM each year and BASEM recognises how much it relies on this support. Governance As we ended 2021, we presented a proposed new set of M&Asto the membership. The new M&As include changes to enable BASEM to operate more efficiently and effertIVe in an increasingly online world. particularly considering the pandemic. They allow BASEM greater flexibility to forge partnerships that will support BASEM'S mission. Members will be able to vote for or against the proposals in the AGM {or by proxy) next year. The Board remained the same in 2021. however we recognise the need to recruit new Trustees to increase the diversity of the Board to better reflect the rnembership. We aim to carry out recruitment in 2022. The Board attended some Trustee training this year and as a result we have a better understanding of how a Board govems a charity. As such. we agreed to create a new role for a Chief Executive Officer for BASEM, to develop strategic plans and drive forward the organisation's aims. Thi5 role was successfully appointed and our new CEO, Lynda Phillips, started wilh BASEM at the end of November. joining the existing staff team (Amanda Harnood. Membership Manager and Lucy Bateman, Education Managerl- Future Plans With a new CEO now in place at BASEM. it is a great time for us to review and evaluate our current practices. policies, membership offer. strategies and systems to ensure they are sustainable and continue to meet our aims. This includes= A review of our resources for members. quality standards and accessibility IntroducinE more ways for members to interact with us and each other. to Share knowledge A review of our IT, including website and member datsbase Establishing a PR strategy to help to better communicate our mission and our achievements against it A review of our awards and bursaries to ensure they are fit for purpose and are effective to support our aims Restructuring the Board and Committee roles to ensure Ereater focus on the aa$ of importance and that we can continue to attract experienced volunteers to support us Recruitment of new Trustees to the Board to ensure Board is representative of our diverse membership and that no Board member has an unreasonèble workload Reviewing our offer and 5UPPOrt for staff to ensure we can recrutt and retain high quality staff who are committed to BASEM'S mission A further review of our M&As to ensure they enable us to operate swiftly and efficiently whilst meeting our aim5. 12
BRITISH ASSoaATION OF SPORT AND EXERCISE MEDICINE INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the charity trustees on my examination of the accounts of the Company for the year ended 310ecember 2021, Charity no 293854. Responsibilities and basls of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2(JJ6 {'the 2006 Act'l- Having satlsfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as arried out under section 145 of the Charities Act 20111'the 2011 Art'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's ststement I have completed my examination. I confirrn that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gwe a true and fair view which is not a matter considered as part of an independent examination- or the account5 have not been prepad in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Rewrting stsndard applitable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Cribb FCA For and on behalf of Smith Craven Sidings House Sidings Court Doncaster South Yorkshire DN4 5NU Date: 13
8RITISH ASSOOAnoN OF SPORT AND EXERasE MEDICINE STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDEO 31 DECEMBER 2021 Unrestrirted Funds 2021 Total funds 2020 Total funds Notes Funds INCOME Investment income Rental income other income Income from Charitable Activities Total Income 2,672 11,288 6,629 11.288 170 11,288 170 731.943 731.943 749,594 743,401 743,401 770,183 EXPENDITURE Charitsble activities Direct Costs Administrative costs Governance costs Totsl EXpendIre 196.814 275,216 4,743 476,773 196.814 275,216 4,743 476,773 152.831 211,457 7,981 372.269 NET INCOME/(EXPENDITURE) 266.628 266,628 397.914 RECONCILIATION OF FUNDS Funds brought foThvard io 2.292,912 17,414 2.310.326 1,912,412 Transfer of funds 15 13.014 113.0141 Fund5 carried forward 2.572,554 2,576.954 2,310,326 All operations of the charity in the year are continuing. The charity has no recognised gains or losses other than the net incoming resources for the above financial period. 14
BRm5H A550CIATION OF SPORT AIID EXERCISE MEOICINE ASAT31 DECEMBER 2021 Re5tii¢ted Total 2021 Total 2020 funds Note AXEO ASSErs 35¥287. 351287 357,404 CURRENT ASSETS Oebtor5 Cash at bank and rn hand 439.682 1.826,317 2265.999 439,682 IA26.317 2265.999 461.112 1.571,532 2.032.644 CREDITORS Amounts falling within one year 4033ZI {40.3321 179,722) Z225.667 1,952.922 TOTALA$5Efs LW CVIIRENT UA8lilnES 2J76.9Y 1576.954 2.310.326 2J76,951 1576,954 2.310.326 FUNDS OF Th£ CIIARITY Repremnted bv .Llnrertr¢cted'funds (g"eneral re5ervel Restricted funds TOTAL FUNDS 2572554 2.572,554 4.400 1576,954 2,292,912 17.414 2.310.326 2.5n.554 The tharitable COMPary is entided to exemption from audit under Section 477 ottfve Cnie$Att 26 for theyear end 31 December2021 The members h•ve not req&#red the companytoobtain an audit of Itsnala1StatÈMents forthe year ended 31 DEctmber 2021 in ar(Drda with Settion476vfthÈ Comwtes Act Xi The trustees acknowde their responsiltieS for (al ensurin8th# the charitable company keeps ac£ThJntin8 records thatcomply ryth Sectw)ns 386 and 387 of the CumpaniesAct 26 anLI Ibl Ibl preparifinancial statementswhich give atrue and fair view oFtr Aate of affairs of the tharitable tompary as at the end of each financial year and olits Surplus ordefKit for each financial year in accordance with the reqlements of Seclions 394 and 395and whith othetwise comply with the requirements ofthe Companles Act 20L relatin8 to financial ststements. so far asapplicabletothe charitable rnPany These fiTranctal staiements have been wepafed In accordarxe wrth the speoal ps1on50f Part 15 of the Companie5 Act 2C¥J6 relatin8to charitable smèll companies. The.financial"¥¢aienierits wiere apmtd bythe Bo¥d ofTnth ¢)n 28th Ju47 202Z and We si8ned on its behalfty.. Dr Eleanorfillett (Chairl On behalf of the Board olTrustee5
BRITISH AS50aATION OF SPORT AND EXERCISE MEOlaNE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLIQES The principal accounting policies adopted in the preparation of the financial statements are set out below and also have been consistently applied.within the accounts. Basis of preparation of financial statements The financial statements have been prepared in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Icharities SORP IFRS 102)) {effective l January 20151. Going Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Fund accounting Unrestricted funds are available of use at the discretFon of the trustees in furtherance of the general objectives of the charitable company and whith have not been designated for other purpose5. Restricted funds are funds which are to be used in accordance with specific restrictions imposed bv donors whith have been raised by the Charity for particular purposes. The c05t of raising and administering such funds are charged against the specific fund. Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity has entitlement to the funds. any performance conditions have been met. the amount can be measured reliably and it is probable that the income will be received. Grants receivable. funding the general activitie5 of the charity. are included in the period in which they are receivable. Inc¢)ming resources wlth related expenditure Where incoming resources have related expenditu las with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Donations are recognised when receivable. In accordance with the Charities SORP IFRS 1021. the general volunteer time is not reco8nised, refer to the trustees report for more information about their contribution. 16
BRITISH ASSOOATION OF SPORT AND EXERCISE MEtMaNE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING pouaES- CONTINUED Expenditure All expenditure is atcounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Glfts In klnd Gifts in kind a accounted for at a reasonable estimate of their value to the charity or the amount actually reali5ed. Gifts in kind for sale or distribution are included in the actounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when recewable. Donated services and facilities These are only included in incoming resources Iwith an equivalent amount in resources expended) where the benefit to the charity 15 reasonab quantifiable. rneasurable and material. The value place(l on these resources 15 the estimated value to the charity of the service or facility received.. Investment income Investment income is recorded under the accruals method. 1.10 Liability recognition Liabilities are recognised as soon as there is a legal or tonstructive obligation committing the charity to pay out resources. IrCoVerable VAT is tharged to the SOFA as incurred. i.ii Governance costs Include costs of the preparation and examination of statutory accounts, the costs of twstee meeting5 and the cost of any legal advice to trustees on governance or constitutional matters. 1.12 Oebtors Tfade and other debtor5 are recogni5ed at the settlement amovnt due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.13 Creditors Creditors and provisions a recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlernent after allowing for any trade discount5 due. 17
BRITISH AssoaATION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 ACCOUNTING pouaES- CONMNUED 1.14 Tanglble fixed asset and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates to write off the cost less any residual value of each asset over its expetted useful life as follows.. Fixtures. fittings and equipment Leasehold buildings 20%, 25% straight line 2% straight line Website development is written off over three years. which is the period considered the site will provide economic benefit. Depreciation is charged from the month of purchase. ANALYSIS OF CHARITABLE RESOURCES RECEIVED 2021 Totsl Funds 2020 Total Fund5 Unrestrirted Funds Restrlrted Funds Charftable Actlvlties Members subscriptions Course fees Annual Congress income. Share of profits from Journal Sponsorship in BASEM Today 161,431 30.ICK) 1,450 537.737 1.225 731.943 161.431 30,IC 1,450 537,737 1.225 731.943 138,045 5,986 618 600,900 4,045 749.594 18
BRITISH AssoaATION OF SPORT AND EXERaSE MEDiaNE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2021 ANALYSIS OF CHARITABLE RESOURCES EXPENDED 2021 Totsl Funds 2020 Total Funds Unrestrirted Funds Restrirted Funds Direct costs Courses Annual Congre5S Journal for members BASEM Today BASEM Awards Other member resources Partnership Agreements Donations Total 19,809 19,783 88.882 22.172 15.357 26 25,785 19,8Q9 19,783 88.882 22.172 15.357 26 25,785 5,000 196,814 7,506 23,433 88,864 14,974 12,041 3,372 2,641 152,831 196,814 Admin15trative costs Salaries Pension contributions Premises General rates Printing, postage, stationery Telephone Insurance Travel Computer Marketing Bank charges Subscriptions Professional fees Equipment Hire Repairs Sundry Depreciation Total 144.179 4.291 2,725 960 3,227 3,025 2.015 4.936 17,900 25.180 3.140 852 44.047 4.843 1,626 2,487 9,783 275,216 144.179 4,291 2,725 960 3,227 3,025 2,015 4.936 17.900 25.180 3,140 852 44,047 4,843 1,626 2,487 9.783 275.216 96,948 5.410 1,213 956 10,007 1,928 1.713 1,273 4,770 3,373 2,759 2,672 59,452 3.344 1,982 13,657 211,457 ANALYSIS OF GOVERNANCE COSTS 2021 Total Funds 2020 Total Funds Unrestricted Funds Restrirted Funds Board of trustees expenses Independent Examiner fee Auditors fees Total 1.743 1.743 3,CKJO 3,967 4.014 7,981 4,743 4.743 19
BRITISH AssoaATION OF SPORT AND EXERCISE MEDiaNE NOTES TOTHE FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 31 DECEMBER 2021 DETAIL5 OF CERTAIN ITEMS OF EXPENDITURE Trustee expÈnse5 A total of £1,74312020- £3.9671 expenses were 1Mbur5ed to trustees during the financial year, for resour$ associated with duties of being Trustees. PAID EMPLOYEES 2021 2020 stsff costs Gross wages Employers, national insurance costs Pension costs Total 132,690 11,489 4.291 148,470 88,063 8,885 5,410 102,358 No remuneration was paid to trustees during the financial year or previous financial year. No employee earned more than £60,(NXI in the period. Average number of full-time equivalent employees In the year 2021 No. 2020 No. The parts of the charity in which the employees work Administration Total Defined contribution penslon scheme Delalls of the scheme The organisation operates a defined contribution pension scheme. 2021 2020 The costs of the scheme to the charity for the year 4,291 5.410 The amount of any contributions outstanding at the year end 688 The amount of any contributions prepaid at the year end 20
BRITISH ASSOCIATION OF SPORT AND EXERCISE MEtMaNE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 TANGIBLE FIXED ASSErs Computer Equiprnent Leasehold Buildings Fixtures & Fittlngs Website Totsl Cost At l January 2021 Addilions At 31 December 2021 44.141 35.31Tr3 3,666 38,975 394.800 11,156 485,406 3,666 489,072 44.141 394.800 11.156 Depreciation At l January 2021 Charge for year At 31 December 2021 44,141 33.430 1.682 35.112 39,480 7,896 47.376 10.951 205 11,156 128,CL12 9,783 137.785 44,141 Net Book Value At 31 December 2021 3,863 347.424 351,287 At l January 2020 1,879 355.320 205 3S7,404 DEBTORS Analysis of debtors Amounts receivable within one year 2021 2020 BMJ Debtor Other Debtors Prepayments Total 422.670 706 16,306 439.682 445,641 1,055 14,416 461,112 CREDOR$ Analysis of creditor5 Amounts falling due wlthin one year 2021 2020 Trade Creditors Social Security & other tax Accruals and other creditors Total 9.422 4.328 26,582 40.332 972 5,380 73,370 79,722 21
BRITISH AssoaATION OF SPORT AND EXERCISE MEDlaNE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 io MOVEMENT IN FUNDS 10.1 Analysls of net assets by fund Unrestrirted Funds Restrirted Funds Totsl Net current assets Tangible fixed assets 2,225.667 351,287 2,225,667 351.287 Net assets at 31 December 2021 2,576,954 2,576,954 10.2 Movements in funds Opening balance Incomin8 (Resources resources expended) Transfer of Funds C105ing balance Unrestricted funds General Fund Restricted funds Core activities 2.292.912 743.401 1476,7731 13,014 2,572,554 17.414 {13.0141 4.400 TOTAL FUNDS 2.310.326 743.401 1476,773) 2,576,954 10.3 Comparative for rnovement in funds Opening balance Incoming (Rer¢eS resources expended) Transfer of Funds Closlng Balance Unrestrlrted funds General Fund Restrirted funds Core activities 1.894.998 770.183 1372.2691 2,292,912 17.414 17.414 TOTAL FUNDS 1.912,412 770.183 1372,269) 2,310.326 li TAXATION As a registered charity. the trust does not pay any income tsxes on its chafitable activities. 12 RELATED PARTY TRANSAcnoNS No trustee Of Other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. 22
BRlnSH AssoaATJON OF SPORT AND EXERasE MEDICINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13 DEPATURE FROM REPORTING STANDARD FRS102 Temination and redundancy payments should be disdosed within staff costs in accordance with FRSIO2. The disclosure should state the total amount in the reporting period. the nature of the payment. accounting policy and extent of funding at the reporting date. The trustees have not disclosed detail of tennination and dndanc¥ payment5, to comply with confidentiality agreements signed between the charity and its employees. The trustees are satisfied this departure does not affect the finantial statements from presenting a trije and fair view. 14 OPERATING LEASES At 31 December 2021 the Company had total future minimum lease payment commitments under non- cancellable operating leases a5 set out below- 2021 2020 Operating leases which expire: Within l year Between 2 to S years Total 928 1,857 928 2,785 928 23
BRITISH AssoaATION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 15 COMPARATIVES FOR THE STATEMENT OF FINANaAL AcfMTIES Year endin8 31 December 2020 Unrestricted Rertrictsd Total Funds Funds Funds INCOME Investment Income Rental income Other income Income from Charitable Activities Total Income 2,672 11,288 6.629 749.594 770.183 2,672 11.288 6.629 749,594 770.183 EXPENDITURE Charitable activities Dirert costs Administrative costs Governance costs Total Expenditure 152.831 211.457 7,981 372.269 152.831 211,457 7,981 372,269 NET INCOMEIIEXPENDITURE) 397.914 397,914 RECONCIUATION OF FUNDS Funds brought forward 1.894.998 17.414 1.912,412 Transfer of funds Funds Caled forward 2.292,912 17.414 2.310.326 16 TRANSFER OF FUNDS A total of £4,399 restricted funds were returned to DJO UK LTD on Ilth November 2020 as an unawarded research fund. 24