2022-12-31-accounts

	Page
REPORT QF THE TRUSTEES	1-14
INDEPENDENT EXAMINER'S REPORT	15
12 MONTH PERIOD ENDED 31STDECEMBER 2022	16
BALANCE SHEET	17
NOTES TO THE ACCOUNTS	18-27

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				Plan	Plan			Activity
A review ofour resources for members,						quality		Reviewed SEM Academy and OrthoEvidence usage
standards		and accessibility						and value to members
								Surveyed members regarding BASEM Reports
								Processes changed to measure impact, rather than
								outcomes
Introducing			more ways for members to			interact with		Member involvement through PR campaigns
us and each			other, to share		knowledge			Awards and conference committees drawn from
								membership
								BINGs started bringing networking op ortunities
A review ofour IT, including					website and member			Review completed and schedule ofwork has been put
database								in place based on member surveys and feedback.
								Work will take lace in 2023 as per strategic plan.
Establishing			a PR strategy to help to better					PR strategy designed with support ofexternal PR
communicate			our mission and our achievements					consultant
against it								PR campaigns started
								This work will develop throughout 2023
A review ofour awards				and	bursa ries to ensure they			Review carried out to ensure all policies are in place
are fit for	purpose and			are effective to support our				Contract templates drawn up ready for offering
aims								awards
								Assessment of Impact ofcurrent awards against
								organisation ob/ects was made
								Some awards have been removed and others updated
								to ensure clarity and appropriate fit
Restructuring			the Board and Committee			roles to		Set roles for Board In keeping with strategy
ensure greater focus on the					areas of importance		and	Ongoing Board training and development has been
that we can			continue to attract experienced					put in place
volunteers		to support		us				Restructure ofcommittees to enable a flexible
								approach to create focus groups as and when required
								EDI committee established ready for implementation
								in 2023
Recruitment			of new Trustees to the Board to ensure					Recruitment of new Trustees saw three new Board
Board is representative				ofour diverse membership				members elected by membership vote
and that no			Board member		has an unreasonable			Board Is more representative ofits member base, with
workload								two out ofnine Board members being AHP members
Reviewing		our offer and support for staff to ensure we						Staff benefits, such as EAP scheme introduced
can recruit		and retain		high quality staff who are				Pensions, salaries, and other benefits reviewed and
committed		to BASEM's mission						brought in line with Industry standards, and ensuring
								equity across staff team
								Consultant employed to support BASEM to create a
								suitable competency and skills based pay framework,
								ensuring development opportunities along with pay
								progression for staff
Afurther	review ofour M&As to ensure					they enable		Review of MRAs commenced and will be completed	in
us to operate swiftly and efficiently whilst meeting								2023.
our aims

			Unrestricted	Restricted	2022	2021
		Notes	Funds	Funds	Total funds	Total funds
			E	f	E	E
INCOME
Investment income		2a	1,575		1,575	170
Rental income			11,489		11,489	11,288
Income from Charitable Activities			839,609		839,609	731,943
Total Income			852,673		852,673	743,401
EXPENDITURE
Charitable activities
Direct costs			337,924	285	338,209	196,814
Administrative	costs		275,709		275,709	275,216
Governance costs			11,779		11,779	4,743
Total Expenditure			625,412	285	625,697	476,773
NET INCOME/(EXPENDITURE)			227,261	(285)	226,976	266,628
RECONCILIATION	OF FUNDS
Funds brought forward		10	2,572,554	4,400	2,576,954	2,310,326
Transfer offunds
Funds carried forward			2,799,815	4,115	2p803,930	2,576,954

	ANALYSIS OF CHARITABLE RESOU	RCES RECEIVED
				2022	2021
		Unrestricted	Restricted	Total	Total
		Funds E	Funds E	Fundsf	Funds f
Charitable Activities
Members subscrlptions		159,880		159,880	161,431
Course	fees	31,040		31,040	30,100
Annual	Congress income.	68,901		68,901	1,450
Share	of profits from Journal	577,398		577,398	537,737
Sponsorship in BASEM Today		2,390		2,390	1,225
		839,609		839,609	731,943

				2022	2021
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		f	f	f	f
Investment	income
Bank and loan interest received		1,575		1,575	170
		1,575		1,575	110

						2022	2021
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				f	f	f	E
Direct costs
Courses				35,337		35,337	19,809
Annual Congress				150,602		150,602	19,783
Journal for	members			91,445		91,445	88,882
BASEM Today				18,229		18,229	22,172
BASEM Awards				4,544	285	4,829	15,357
Other member		resources					26
Partnership	Agreements			37,767		37,767	25,785
Donations							5,000
Total				337,924	285	338,209	196,814
Administrative		costs
Salaries				139,570		139,570	144,179
Pension contributions				7,142		7,142	4,291
Premises				2,416		2,416	2,725
General rates				960		960	960
Printing, postage, stationery				1,187		1,187	3227
Telephone				2,744		2,744	3,025
Insurance				2,820		2,820	2,015
Travel				6,335		6,335	4,936
Computer				21,095		21,095	17,900
Marketing				34,176		34,176	25,180
Bank charges				4,939		4,939	3,140
Subscri ptions				1,611		1,611	852
Professional	fees			24,868		24,868	44,047
Equipment	Hire			1,383		1,383	4,843
Repairs				7,015		7,015	1,626
Sundry				1,008		1,008	2,487
Staff Training				7,218		7,218
Depreciation				9,222		9,222	9,783
Total				275,709		275,709	275,216
ANALYSIS OF GOVERNANCE			COSTS
						2022	2021
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				E	E	E	f
Board oftrustees expenses				8,179		8,179	1,743
Independent	Examiner fee			3,600		3,600	3,000
Total				11,779		11,779	4,743

Dr Dane Vishnubala	f1,200
Dr Jane Dunbar	E1,400
Mrs Lucy Wright	E1,600

PAID	EMPLOYEES						2022	2021
							f	f
6.1	Staff costs
	Gross wages						130,335	132,690
	Employers' national	insurance costs					9,235	11,489
	Pension costs						7,142	4,291
	Total						146,712	148,470
	No remuneration was paid totrustees during				the financial year or previous financial year, for their
	duties as atrustee.
	Remuneration to key management			personnel	in the	financial year totalled E63,074
	No other employees	earned more	than E60,000 in the period.
6.2	Average number of	full-time equivalent employees				in the year
							2022	2021
							No.	No.
	The parts ofthe charity In which		the employees work
	Administration and	management		660,000- f70,000
	Administration and	management		Less than	E60,000
	Total
6.3	Defined contribution	pension scheme
	Details ofthe scheme
	The organisation operates a defined			contribution pension scheme.			2022	2021
							f	f
	The costs ofthe scheme to the charity for the year						7,142	4,291
	The amount ofany contributions		outstanding		at the	year end	810	688
	The amount ofany contributions		prepaid at the year			end

7	TANGIBLE FIXEDASSETS
			Computer	Leasehold		Fixtures
		Website	Equipment	Buildings	&	Fittings		Total
	Cost	f	E	E		f		f
	At 1January 2022	44,141	38,975	394,800		11,156		489,072
	Additions
	At 31December 2022	44,141	38,975	394,800		11,156		489,072
	Depreciation
	At 1January 2022	44,141	35,112	47,376		11,156		137,785
	Charge for year		1,326	7,896				9,232
	At 31December 2022	44,141	36,438	55,272		11,156		147,007
	Net Book Value
	At 31December 2022		2,537	339,528				342,065
	At 1January 2021		3,863	347,424				351,287
8	DEBTORS
	Analysis ofdebtors
	Amounts receivable within	one year			2022	2021
					f	E
	BMJ Debtor				456,323	422,670
	Other Debtors				100		706
	Prepayments				13,182	16,306
	Total				469,605	439,M2
9	CREDITORS
	Analysis of creditors
	Amounts falling due within	one year			2022	2021
					E	E
	Trade Creditors				47,339	9,422
	Social Security &othertax				4,806	4,328
	Accruals and other creditors				28,442	26,582
	Total				80,587	40,332

10.1 Analysis ofn	et assets by fund
			Unrestricted		Restricted
			Funds		Funds		Total
			E			E	E
Net current assets			2,457,750			4,115	2,461,865
Tangible fixed assets			342,065				342,065
Net assets at 31December 2022			2,799,815			4,115	2,803,930
10.2 Movements	in funds
	Opening	Incoming	(Resources	Transfer	of	Closing
	balance E	resources E	expended) E	Funds f		balance f
Unrestdcted funds
General Fund	2,572,554	852,673	(625,412)				2,799,815
Restricted funds
Core activities	4,400		(285)				4,115
TOTALFUNDS	2,576,954	852,673	(625,697)			2,803,930
10.3 Comparative	for movement In funds
	Opening	Incoming	(Resources	Transfer	of	Closing
	balance	resources	expended)	Funds		Balance
	E	E	f	E			E
Unrestricted funds
Genera I Fund	2,292,912	743,401	(476,773)	13,014			2,572,554
Restricted funds
Core activities	17,414			(13,014)			4,400
TOTAL FUNDS	2,310,326	743,401	(476,773)				2,576,954

OPERATING LEASES	OPERATING LEASES
At 31December 2022		the Company	had total future	minimum	lease payment	commitments	under non-
cancellable	operating	leases as set	out below:
				2022	2021
				f		f
Operating	leases which expire:
Within 1year				643		928
Between 2	to 5years			2,249
Total				2,892		928

3 COMPARAT	IVE	S	FOR THE STATEMENT	OF FINANCIAL ACTIVITIES
				Year ending	31December	2021
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				f	f	E
INCOME
Investment income				170		170
Rental income				11,288		11,288
Income from Charitable			Activities	731,943		731,943
Total Income				743,401		743,401
EXPENDITURE
Charitable activities
Direct costs				196,814		196,814
Administrative		costs		275,216		275,216
Governance costs				4,743		4,743
Total Expenditure				476,773		476,773
NET INCOME/(EXPENDITURE)				266,628		266,628
RECONCIUATION	OF	FUNDS
Funds brought forward				2,292,912	17,414	2,310,326
Transfer offunds				13,014	(13,014)
Funds carried forward				2,572,554	4,400	2,576,954