## ||Page| |---|---| |REPORT QF THE TRUSTEES|1-14| |INDEPENDENT
EXAMINER'S REPORT|15| |12 MONTH
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m||| ## ## ## ## ## ## ## ## ## |||||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| ## ## ##