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*
12A￿2022
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 ￿E￿aNE
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
STRu￿vRE. 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 theCOVIL￿I9 restrKt￿ns, %%*have still beenatle to $￿te￿*￿f0Cuson a￿￿rgI￿Orta￿$ètW)rt.SO￿ptt￿e5t*r0￿h a broadvarietyofdlfferent
methods, all Invaluab￿t¢ our members. These a￿ 5ummarised inthe tsble beknw.
ObSett
To promoteexercise as a therapeutic t￿1
Obitrt
To wwy)rtafft1 promotetbe multi-disciplM)ary
m in Sw*rtand ExefCi* MedKiThe
Artlyity
5upportingAHPswlth
education ofter
0fferin8educal￿n 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 rremt*rswilh
each otherio supwjrttareers
Advertiyr￿1obV3tantIès LO
supwttareer proBre55
Supported USEMS websiie
and virtual rneeti
t05ts
SEM Academ¥
tonfeien
Cow￿e5
Awards
To pYo￿e 5L1PPDrta￿JedUtat￿In for those
healthcare wfessitynats invofved inthe careof
ath￿te5 aThJ ind￿ld￿al5 br￿er￿k￿rg orawring
to wthiake. TeguLir phy5KaartWityaiall
Sprin8 tonfere￿¢
Ed￿ltIOn day
To promore the 5pKiahyof Sport and
Exertise MEdi¢ine and toencouTrge best
5tandardsof tlinital pratt￿e iiltF* care of
To promoteihe thptyonof ewdented-based
praclKe in all areasof Smand Exercise
med￿1*
Research
Conferer￿e
Member5 in¥0￿ed in
committees.
BASEM Re
orts
Hosied sympo￿UrnS
(intErnat￿TralI
To SUPPDrtand encour38e research in
Sport and Exertise Medicine
Aeseat¢h
To wmte ￿ adopt￿n ofe￿e￿ISe and
phy5ital ￿Mty byall SeCt￿￿S0t thè poputsth)
for thEirgenEralwe111Eingand iT*the
entM)nof illness
To toosrrate Wilht￿ facultyof 5w>rtand
Exerose med￿1￿ and the Instit￿e of SpDrt and
Exercise MedKineand totollalx)rate with0t￿r
a5yX4ltW￿ both naivjnalty arKI internatiornalty,
ifbfurthenn8thtspetk3rtyof 5pDrt & Exercise
me￿￿1n￿and thÈ3wnsofthe ￿SL￿101￿m.
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
Part￿er5￿￿
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 rese￿e5 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 deliVe￿d 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 deliVe￿d 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 a￿a$ 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 prepa￿d 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 EXpendI￿re
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$5Efs LW CVIIRENT
UA8lilnES
2J76.9Y
1576.954
2.310.326
2J76,951
1576,954
2.310.326
FUNDS OF Th£ CIIARITY
Repremnted bv
.Llnrertr¢cted'funds (g"eneral
re5ervel
Restricted funds
TOTAL FUNDS
2572554
2.572,554
4.400
1576,954
2,292,912
17.414
2.310.326
2.5n.554
The tharitable COMPary is entided to exemption from audit under Section 477 ottfve C￿nie$Att 2￿6 for theyear
end￿ 31 December2021
The members h•ve not req&#red the companytoobtain an audit of Its￿na￿la1StatÈMents forthe year ended 31
DEctmber 2021 in ar(Drda￿ with Settion476vfthÈ Comwtes Act Xi
The trustees acknow￿d￿e their responsi￿l￿tieS for
(al ensurin8th# the charitable company keeps ac£ThJntin8 records thatcomply *ryth Sectw)ns 386 and 387 of the
CumpaniesAct 2￿6 anLI
Ibl Ibl prepari￿financial 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
req￿lements 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 p￿s1on50f 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. Ir￿CoVerable 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
CRED￿OR$
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
(Re￿r¢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 ￿d￿ndanc¥ 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 Ca￿led 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