REGISTERED COMPANY NU{BER. 01962979 (England and Wales) REGISTERED CHARITY NUMBER: 293854 FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE Xeinadin Audit Limited Sidings House Sidings Court Lakeside Doncasier South Yorkshire DN4 5NU
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202A Page Referenee and Administrative Delails Report of the Trustees 2 10 20 Report of the Independent Auditors 21 10 24 Statement of Financial Activities 25 Balance Sheet 26 Cash Flow Statement 27 Notes to the Cash Flow Statement 28 Notes to the Finaneiai Statements 29 to 39
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE REFERENCE AND ADMINLSTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 202A TRUSTEES Mrs L Wtighi Dr S Kluzek T Allardyce (resigncd 24.7.24) Dr R Chaiteriee {resigned I l.11.24} Dr R A Hawkes (resigned 3.8.24) Dr K Marino Dr D A Vishnubala Dr P Wheeler Dr T Leogett Dr J Wong Dr R G Mitchell Dr R J Teare (appointed I1.8.251 REGISTERED OFFICE Unii.l Jeisiream Drive Auckley Doncasier DN9 3QS REGISTERED COMPANY NUMBER 01962979 (England and Wales) REGISTERED CHARITY NUMBER 293854 AUDITORS Xeinadin Audii Limited Sidines House Sidings Court Lakeside Doncaster Souih Yorkshire DN4 5NU
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also director5 of the charity for the purposes of the Companies Act 21K16. present their report with the financial sthiemeni8 of the chariiy for Ihe year ended 31 December 2024. The trusiees have adopte4J Ihe provisions of Accouniing and Reporting by Chariiies.. Staiement of Recommended Practice applicable io charilies preparing their accounts in accordance wilh ihe Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective l January 2019). 3rlt15h A59aclatlDn of Spjrt Exerdse Nedldne Trustees, Annual Report 2024 Foreword by Chair of BASEM, Professor Patrick Wheeler Welcome to BASEM'S Annual Report for the period 1" Januaryto 31" December 2024. This report lays out the activities of this charity this year and I would encourage all our members to take a look, as there is a lot of work that goes on behind the scenes to keep BASEM going, there may be aspects of BASEM'S activities that are new to you. This report compliments the different reports given at the AGM, and the various updates given directlyto members by email and through BASEM Today. I will start this report by offering my thanks to my fellow BASEM Trustees, both past and current, to the BASEM team, and to allthe BASEM members who volunteer in any capacityto help BASEM deliver allthat it does. We could not do all the things that we do without you. As always there is a Lot to do, and there are always ample opportunities for people to get involved, so if you are interested, pLease don't wait to be asked . In the different sections of this report, we show how BASEM has continued to deliver against it Charitable Objects, we give information about BASEM'S finances, how BASEM supports its membership through education and awards, and different partnerships BASEM engages with external partners. One aspect to highlight at the start of this report are the ongoing discussions with the UK Faculty of Sport & Exercise Medicine {FSEM) to create a brand-new College of Sport, Exercise, and Musculoskeletal Medicine, bringing together the activities of both BASEM and FSEM into a single organisation. These were discussed at Length in lastyear's 8nnu8l report, and activities have continued from the initial outline plans, and the BASEM membership vote in May 2023. BASEM members continue to be kept up to date through regular updates, and through information on ourwebsite https'.//basem.co.uk/pro For most up to date information, readers are directed to this section of the website. As BASEM Chair. I hope thatthis report helps highlight the many activities of BASEM duringthe year, continuing our journey towards ColLege and supporting our present and future members throughout this period. Prof. Patrickwheeler Chair of BASEM
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Introduction BASEM is an organisation which was 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 hold key positions within SEM, both in the UK and across the globe. BASEM'S membership continues to be diverse. with just over 1185 members across a wide seLection of disciplines. Many of its members are actively 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 gLobal publication which promotes research and education in sport and exercise medicine. BASEM is growing closer to forming the new College of Sport, Exercise and Musculoskeletal Medicine (CSEM}with the FacuLtyof Sport and Exercise Medicine. BASEMS Vision BASEM is the leading multidisciplinary sport and exercise medicine membership organisation in the UKwith a core responsibilityto provide leadership, education, and supportforall. A key part of BASEM'S remit is supportingthe education and careerdevelopment of healthcare professionals in all aspects of sports and exercise medicine including students. speciaLists and aLI those with an interest in the subject. This is comprised of the overlapping spheres of: Musculoskeletal Medicine: BASEM supports the development and delivery of up-to-date management of musculoskeletal conditions and encourages the evaluation of treatment options to deliver most effective care. Exercise Medicine: BASEM supports the benefits of physical activity in all populations without discrimination, recognising the importance it plays in health and well-being and its role in both primaryand secondary prevention of disease. BASEM supports the WHO Global Action Plan to make significantly more people active by 2030. Athleteneam Care: BASEM supports world-class delivery of care to athletes and teams. BASEM recognises the challenges in the desire to optimise athletic and team performance and fully upholds the requirements for ethical practice and clean sport. BASEM is committed to leading on issues related to Equity, Diversity and Inclusivity, strivingfor diverse and incLusive environments within our organisation and the wider SEM community. BASEM isjoint owner of the British Journal of Sports Medicine and the BMJ Open Sport and Exercise Medicine JournaLwith BMJ Publishing and supports a strong international research agenda to underpin its principles. BASEM recognises the need for strong National and International partnerships to achieve its vision
CE o) o WE5 0 c o J£
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Financials Our Direct Costs In 2023 BASEMS indirect costs increased due to planned development. In 2024 direct costs are the highest. These costs are associated with the delivery of BASEMS educational activities and member benefits. 2024 Direil C(Eyi IIKlireiL C(EyLs Costs Vs Income As a charity, it is important to understand how our income is spent. In 2024, 44 % of our income was spent on running costs and 50 % still spent on member benefits. A reduction in BASEMS surplus thisyearwas planned as we forge towards CSEM. Costs v Income Income Direct Costs IrKJiiect Costs - SLvpIus
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Costs Breakdown Split of Costs 30.OOYo 25.OOYo 20.00 15.OOYo io_oo 5.OCB6 o.otwo In 2024, BASEM staffing structure changed. leaving five members of BASEM Team to bringtheir expertise in Education, Conference and Event organisation, Leadership and Management, Membership and Awards, Communication, Finance, Governance and Administration. Staff costs have increased and have become BASEM'S largest single expenditure. Our vaLued journal, BJSM, is a cost that BASEM pays for all its members and this cost comes in as the fourth highest single cost. Many of our members find thejournal to be one of the greatest benefits of membership, where members would have to pay significantly more than their annual membership fee to BASEM forjust the journal alone. BASEM have now registered for VAT after reaching the threshold and with advice from accountants. Overall conference income increased in 2024 but also did the costs, total financial contribution towards the conference from its reseeS is well within approved budget. In 2024 we continue to work with the Faculty of Sport and Exercise Medicine towards the creation of a CSEM. The costs in 2024were mainly due to legal advice as we prepared a due diligence report on FSEM which shows no concerns. Governance was less than 2023 as we moved the AGM online.
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Income Split of Income 70.OOYo 60.OOYo 50.00 40.00 30.OOYo 20.OOYo 10.00 O.OCWo Conference Rem Other Men4>ership C(MJrses BISM Our income sources remain consistent, with much of our income beingfrom our medicaljournaL, BJSM, nearly 60Vo. This helps to supportthe costs of supportingour membership and being able to have a greater impact in developingthe sports and exercise medicine speciality. Conference income remained the same as 2023 at 17 % . Balance Sheet We have a restricted fund which hasn't decreased in 2023. This was a restricted fund given to BASEM to provide an award, which was re-opened in 2024, but no satisfactory applications were received, therefore the balance remains the same. Applications will be welcomed in 2025. The Board reviewed the reserves policy and signed off on a new policy which enables BASEM to hold reserves appropriate to ensure that in the event of a catastrophic event causing BASEM to go into liquidation, the following commitments can be met: Running costs for six months of run down Financial commitment of any outstandingawards Financial commitment of conference costs Two years. staff costs {including pension and NICS) Because the level of these commitments change, reserves are to be reviewed against these commitments annually. and the appropriate amount of reserves are put aside in a separate BASEM account. For 2024. the maximum reserves required would be £854k. At the balance sheet date, BASEM held £2.293m in free reserves.
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 In BASEM'S budget for 2024, BASEM is aLso holding £200k of designated funds to potentiaL costs of the work to establish a new College of SEM jointly with FSEM (UK), 225k to create a new research training course for members to improve their skills and provide them with greater opportunities and £45k towards members fee price hold. Plans for 2024 During 2024, the third year of our three-year strategic plan, we aimed to buiLd on the groundwork we had put in place in 2022 and start to develop our existing offer. This included: Developing our partnerships to improve career development opportunities for members Building our brand and reputation to increase membership and promote SEM Reviewing our systems and processes to ensure BASEM is working eff iciently whilst continuingto provide a quality service Increasing, improving, and raising awareness of membership benefits to attract and retain members and ensure standards are met Development of awards to focus on research in SEM Developing the organisation's systems and resources to ensure the organisation is fit to grow and broaden its membership base further Activities to Meet Objects Our Research Bursaries and Awards Following a thorough review of our awards. we reopened them for 2024 and have had a great number of quality applications. This report highlights the amount awarded per award and what we have paid out during 2024. Due to the term of some of our awards, some funds are paid out in the folLowing year. This year, these have included: Award Totsl Awdrded in 2024 Total Paid in 2024 Association Prize for SEM {Conference Award) BOSEM Article Processing Charges Award External Training & Development Sponsorship Malcolm Read Scholarship MSC Bursary in SEM PhD Award £).00 £900.00 £1,854.00 £1,854.00 £5,0(KJ.00 £3,069.45 £0.00 £0.00 £2,51KJ.00 £1,000.00 £0.00 £0.00 Research Bursary Tom Donoldson Poster Prize (Conference Award) Travelling Fellowship Undergraduate Elective Award £20,000.00 £9(Kl.00 £6,321.71 £900.00 £5,000.00 £5,000.00 £4,IKK).00 £2,147.75
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FolLowing a review of our PhD award, BASEM decided notto reopen this for 2024 due to the long-term financial commitmentthis would involve and the upcoming merger between BASEM and FSEM. No suitable applications were received in 2024 forthe Malcolm Read Scholarship. A full review was completed to revise the award for 2025 to encourage eligible applications. Our Promotion of Members, Workand BASEM Branding and Exhibiting We looked to increase BASEM'S reach this year through attending events and being present at key times. In orderto make sure our message was heard, we spenttime improving ourexhibiting resources, and using marketing techniques to keep our organisation in mind post-event. By attending international events, we have also increased general awareness of BASEM overseas. with ourstand being a very popularone to attend. We have worked hard to increase interaction between BASEM and prospective members and we have included existing members in our activities to promote the benefits of BASEM membership. Membership Growth We spent a lot of time in 2024 promoting membership. promoting our members, and raising awareness of SEM. We grew membership by 7 % in 2024 {numbers of members atthe end of 2024Vs numberof members atthe end of 20231. The largest proportion of new members were full members, and 12% of new members are allied health professionals. BASEM Membership Directory We have developed a BASEM Internal Membership Directory, a new membership benefit available to all BASEM members. Members can create your profile to connect with other. seek advice and support from professionals within all aspects of SEM, find opportunities to learn, develop and collaborate, and showcase services. This has been well-received by our membership. Education and Careers Resources Overview BASEM continues to deliver a robust and diverse educational programme. supporting professionals at alL stages of their Sport and Exercise Medicine ISEM) careers. Overthe pastyear, we have run fourcore courses, including our flagship Foundation Course and a suite of revision courses aligned with Faculty of Sport and Exercise Medicine (FSEM} examinations.
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 This year. BASEM'S education programme reached a total of 168 delegates. reflecting strong national engagement and growing international interest in Sport and Exercise Medicine. Delegates joined from ten countries outside the UK, including Canada, Ireland, Newzealand, Switzerland, Qatar, Saudi Arabia, Malta, Sweden, Spain, and the West Indie, demonstratingthe global accessibility of ouronline learningformat and the expanding reach of our educational offerings. Our residential Foundation Course remains a popular entry point into SEM, offering a comprehensive introduction to exercise medicine, musculoskeletal medicine. and team care. The revision courses, tailored to FSEM Part One and PartTwo exams, as welLas the new Diplomas in Team Care and Exercise Medicine, have seen strong uptake and positive feedback, reflecting BASEM'S commitment to accessible, high-qu8lity education. Across all courses, feedback has highlighted the relevance of content, the quality of teaching, and the value of peer interaction. BASEM'S education programme remains financially stable and strategically aLigned with the evolving needs ofthe SEM community. Foundation Course Our Foundation Course continues to be a cornerstone of BASEM'S educational off ering. This three-and-a-half-day residential programme introduces the three key strands of Sport and Exercise Medicine (SEMI: exercise medicine, musculoskeletal medicine. and team care. It remains popularwith those at the beginning of their SEM journey, as well as professionals from other discipLines with a special interest in SEM. This year, the course welcomed 36 delegates, including 3 international participants: 2 from Spain and 1 from the West Indies-reflecting its continued international appeal. The course remains financially stable. with consistent deLegate numbers and strong demand year-on-year. The programme covers a broad range of topics includingthe impact of physical activity on health, clinical examination techniques, nutrition, common musculoskeletal conditions, and treatment approaches. Delegates consistently report that the course meets their expectations and supports their professional development. As in previous years, the hands-on practical sessions. and opportunities to network with experienced tutors were particularly valued. Feedback was colLected from 21 respondents, who gave an average score of 515 when asked to rate the event as a whole. Notably, sessions on anti-doping and concussion received perfect scores from all respondents, highlightingthe relevance and quality of the content delivered. io
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 -AmaJngcours4 evpn betterthan nticipated. Feltwelcom8dinto the Specialtyryth open arms. It W8S 8 prilege to share close ConatiOn 7th estab&shed 8ASEM Open. hOneSt8ce." Fl L%xtor "GNen me 8goodidea for careerstrategyandpaths to involvement in sport. Definitelyincreased my interest in pursuingsEM as 8 C8reer. Has informed my ruture practice in terms or exercise prescription and the public health impliGation&- Fl Doctor idential cOue with Othe who are nterested in SEM8nd he8r8bout whBt they ave been doing. Itwas also bn"Iliant to ppreciate what the tutors have done over eircareers andhow theyhave been nvolved in a breadth ofdirrerentsports." Revision Courses BASEM'S revision courses are designed to support candidates preparing for the Faculty of Sport and Exercise Medicine (FSEM) membership examinations, particularly registrars, as well as professionals seekingto refresh their knowledge without sitting the exam. Delivered entirely online, these courses offer flexible and accessible Learning to a wide audience. including international participants. Over the past year, the programme has grown in scope and impact, with strong delegate feedback and increasing engagement across all offerings. BASEM Revision Course Part One (2 sittings) This course was delivered entirely online across 2 sittings and attracted a total of 41 delegates. The virtual format continues to support flexible learning and broad participation, ensuring accessibility for a diverse range of professionals. li
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Delegates represented a wide range of clinical backgrounds and geographic locations. with most based in the UK and internationaL participants joining from Ireland, Sweden, Saudi Arabia, and the West Indies. Specialties included a broad mix of primary care clinicians. hospitaLdoctors, sports medicine professionals, and allied heaLth practitioners, ranging from trainees to senior leaders. This diversity enriched the learning experience and highlighted the course's relevance across muLtiple disciplines within Sport and Exercise Medicine. Sittin 7 received 7 feedback responses. Individual session ratings were strong, with Soft Tissue, Sports and Minor Injury Management (including investigations and radiology) receiving a perfect score of 515, and Sudden Death in Sport and Exercise-Associated Collapse scoring 415. Delegates praised the course's structure and delivery: -Re8llygood comprehensive cover of topics, tutors 811 very helpful, p8ssion8te & knowledgeable. It has made me feel more prepared. l enjoyed the incorporation of questions into talks-helpful forlearning, passing knowledge, and identifying blind spots. -Anonymous "Given howbusythe daywas. I thought the course was really well run and engagingand has helped me prepare for the exam. The breakout rooms I found helpful."_ Anonymous Sittin 2 also received 7 feedback responses. with all rated sessions scoring an average of 4.5/5 These included: Tutorial A- Psychology Tutorial B- Exercise in Special Groups: Women Tutorial B- Exercise in Special Groups: Children Feedback across both sittings indicates that the course remains well-aligned with delegate needs, offering high-quality content and interactive Learning experiences. BASEM Revision Course Part Two Thirteen delegates attended this online course. including participants from Canada and Ireland, and it received highly positive feedback. Atotal of 7 responses were submitted, which showed that individual session ratings were excellent. All sessions within the Common MSK Scenarios and Joint Examination Review series-including Elbow, Wrist and Hand, Knee, Hip and Groin, Spine. Shoulder, and Foot and Ankle-received an average score of 515, reflecting the high quality and relevance of the content. Participants particularlyvalued the interactive elements. including breakout groups and case-based discussions, which fostered coLlaborative learning and practical application of knowledge. Specific comments included: -Group/discussion format was great.- Club Doctor "Enjoyed small breakout rooms. Improves group discussion. -Anonymous 12
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The course continues to meet the expectations of those preparing for the FSEM Part Two examination, offering a well-structured and engaging learning experience tailored to the needs of SEM professionals. BASEM Revision Courses for the Diploma in Team Care and Diploma in Exercise Medicine These newly introduced courses were developed in response to the updated FSEM Diploma examinations. Close collaboration with the Faculty of Sport and Exercise Medicine was instrumental in shaping the content, particularly through the sharing of practice questions and alignment with the revised exam structure. The Di loma in Team Care Revision Course welcomed 35 delegates, including 2 international participants from Spain and the West Indies. Feedback from 16 respondents averaged 4.2515, with sessions on older, retiring, and retired athletes scoring a perfect 515, and topics such as performance threat management, immune health, and recovery strategies averaging 415. One delegate noted, "Good to hear practical examples to go along with the reading. Makes it more realistic and easier to apply to myown practice. -Anonymous The Di loma in Exercise Medicine Revision Course attracted 54 delegates, with 33 feedback responses averaging 4.415 for overall satisfaction. Sessions on Physical Activity Guidelines and EpidemioLogy received a perfect score of 515, while the Pregnancy and Post-Partum breakout session averaged 415. Delegate comments reflected the high quality and professionalism of the course delivery: "Very slick organisation. Well timed and great presentations. - Emergencymedicine Doctor -Excellent overview of what to study forthe exam. - Medical SpR "P8ssionate and knowledgeable f8cuIty.-_ GP Delegates included a diverse mix of UK-based and international clinical and allied health professionals from six countries, with specialties spanning primary care. hospital medicine, sports medicine, and physiotherapy. Their varied backgrounds, from trainees to senior leaders, created a rich learning environment and reinforced the course's broad relevance within Sport and Exercise Medicine. Comprehensive resources have now been developed for both courses, and the tutor teams are well-estabLished, ensuring these offerings are readyfor annual delivery and continued alignment with evolving examination standards. Our Partnerships Faculty of Sport and Exercise Medicine {FSEM) In 2023, BASEM membership voted in favour of working with FSEM to establish a College. This will mean dissolving both existing charities to form a new organisation, and as such we have been working closely with FSEM throughout 2024 to gather legal advice and ensure appropriate communication with each membership set. We are now well underway into this process. 13
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Undergraduate Sports and Exercise Medicine Society IUSEMS) We have continued our supportfor SEM undergraduatesthrough our partnership with the Undergraduate Sport and Exercise Medicine Society. We again supported the USEMS conference, which was this year hosted by Undergraduate SEM Society at University College London. and we provided branded bags for the delegates which contained careers information and a prize fortheir Poster Competition. We have also again supported some of USEMS IT costs, such as a Canvas and Zoom account, to help them promote SEM through their society. The Undergraduate Elective Award in association with USEMS continues to be popular among our undergraduate members and in 2024 supported four medical students to complete electives in Australia and M8Lt8. SEM Academy A greater number of our members are now using SEM Academy on a regular basis for e-learning, with just over half of our membership signed upto the platform. This is a platform we have invested heavily in, in partnership with the Australasian College of Sports and Exercise Physicians and it provides up to date, relevant e-learning across a huge range of SEM topics. Orthoevidence We have renewed our licence for members to receive Orthoevidence again this year. Over 1000 BASEM members have registered with Orthoevidence and an average of 26 % of these use the platform on a regular basis. It allows members to keep up to date with the latest research to improve patient care. It has the single Largest MSK database in the worLd and this is available at no cost to all of our members but a cost to BASEM at £18.49 per annum per membercurrently usingthe platform. Members find this a useful resource for clinical practice and this resource is particularly welcomed by our allied health professional members. OurAnnual Conference 'Translating Research into Practice, Coventry Arena, November 2024 Conference Chair: Professor Dane Vishnubala BASEM held its annual conference at Coventry Arena in November 2024, and we are pleased to report it was a resounding success. The event brought together professionals from across the Sport and Exercise Medicine (SEMI community, offering a rich and varied programme that reflected both the depth and breadth of the field. 14
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Programme and Content The conference featured multiple thematic streams covering musculoskeletal practice, exercise medicine, and athletelteam care. Sessions addressed both specialist and generalist topics, incLuding novel approaches and current hot issues in SEM. A total of 72 speakers from five countries- Australia, Canada, South Africa, Denmark, and the USA, contributed to the programme. bringing international expertise and diverse perspectives. To supportthe delivery of content. 10 stream chairs and 15 session chairs provided leadership and continuity across sessions, ensuring a well-coordinated and high-quality experience for delegates. Delegates and Reach BASEM'S conference programme welcomed 304 delegates. with strong national and international engagement. Delegates joined from 12 countries outside the UK. including Pakistan, USA, Switzerland, Japan, Turkey, Australia, Saudi Arabia, Trinidad & Tobago, Ireland, Canada. Malaysia, and Azerbaijan. Delegates represented a wide range of professional specialties, including GPS, consultants, registrars, physiotherapists, chiropractors, academics, nutritionists, and team doctor. demonstratingthe relevance and reach of BASEM'S offerings across the SEM community. Academic Contributions In addition to the main programme, delegates were invited to explore high-quality poster presentations and attend Podium Presentations on Day 1. These sessions showcased member research and innovation. On Day 2, winners of the Association Prize for SEM and the Tom Donaldson Poster Prize were announced, recognising excellence in academic contribution. Networking and Social Events The conference programme incLuded dedicated social and break times to actively encourage networking and meaningful connections amongdelegates. The Conference Dinner, held on the evening of Day 1, began with a drink's reception, followed bya seated meal in the main hall. The eveningconcluded with the BASEM pop-up casino, offering guests further opportunities to relax, engage. and build relationships in an informal setting. Accreditation and CPD The conference was awarded CPD accreditation by the Faculty of Sport and Exercise Medicine. All deLegates received CPD certificates following the event to confirm their attendance and support their ongoing professional development. Industry Engagement Sponsors were present in the Exhibition Hall, offering a wide variety of products and services relevant to the SEM industry. Their support played a vital role in making the conference possible, and delegates were encouraged to visit theirstandsthroughoutthe event. 15
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Feedback and Impact Some feedback received: "Brilliant conference everyone... th8 best BASEM one I have been to and Ihave been to a lotl Welldone. Speaker & former ConferenGe Chair: SEM Doctor and Defence GP "All the org8nisation was excellent. Everythingwas so slick." Co-chair. Consultant in SEM -Th8nkyou tOyOU and the restof the BASEM conference team. Asa speakerand first time at8ASEM Ifeltvery well looked8fter. Gre8tflowto the d8y8ndcontentlfelt W8S diverse 8nd top quality. Great to meet new connections and catch up with old colleagues" Speaker: Head of Women's Physiotherapy "Many thanks for 8nothertop c18ss BASEM conference. seamless organisation with fgntastic range ofspeakers to stimulate discussion and learning. Brilliant." Speaker . Lecturer at UCL. & Medical Adviser Delegate feedback was actively collected and remains invaluable in shaping future meetings. The true impact of the conference lies in the changes it inspires in practice. Attendees shared how the event opened up new opportunities for athlete services and research. encouraged community-focused physical activity, and helped translate research into reaL-worLd appLication. One delegate noted: "Byattending the conference, I'm now more inclined towards the sports medicine field. I learned so much, and mypractice has become farmore research based.- Our Publications and Communications British Journal of Sport and Exercise Medicine IBJSMI and BMJ Open Sport and Exercise Medicine {BOSEMI Jointly owned by BASEM and British Medical Journal {BMJ), our members continue to receive the BJSM at no charge to them. In 2024. BJSM retained its, spot as top journal in the Sports Sciences category at 16.2, whilst BOSEM impact factor has also improved to 5.2. We continued to support our members wanting to pursue a career in research through a discount of 25% on article processing charges for publishing in BOSEM. Members can also apply for a BOSEM Article Processing Charges Award, which if approved, will cover the full publishing cost of articles in BOSEM. Through these initiatives we aim to increase the amount of research carried out in the SEM sector and support those who have the ability to carry out research but haven't got the financiaL support to do so. 16
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The BJSM continue to lead globallywithin sport and exercise medicine research. Of particular note is BJSM'S pioneeringwork on Equity, Diversity, and Inclusion (EDI). They are the first BMJ Groupjournal to require an EDI statement with every manuscript submission: a commendable step toward highlighting EDI principles in research. Member Newsletter {BASEM Today) BASEM Today has continued to develop, with excellent content throughout the year, showcasing different aspects of SEM, and knowledge from our membership, in addition to raising awareness of BASEM'S work. The team have worked hard this yearto streamline processes and create efficiencies. in addition to bringing in externalsponsors to ensure the pubLication costs are keptto a minimum. The publication is currently available to all members in paperform and online. BINGS Since 2022, our BINGS have been growing and developing. with more and more members taking up the opportunity to virtually network. In 2024 we focused on a range of topics, including Concussion and RED-S, which saw great discussion between Doctors and Allied Professionals working in a range of settings, countries and sports. As highlighted in member feedback, access to networking opportunities is seen as a highly valued benefit of BASEM membership and we are keen to continue to offera range of platforms for or members to do this. Undergraduates have notablyfound BINGS useful. as it allows for them to hear about examples of their Learnings in practice within SEM and the different approaches between the professions and sports. encouraging multidisciplinary working from the very start of their career. E-circular Our monthly e-buLletin enables members to have a summary of all BASEM'S activity in one email. Throughout the year, the e-circular has been developed to ensure better readability and a more visual overview of key points. This remains a popular resource for BASEM members. Meetings, Votes, and Ad-hoc Updates During2024, a huge amount of Board and staff time was spent discussing and planningthe formation of a new college of SEM, jointly with the Faculty of Sport and Exercise Medicine (FSEM UK). A dedicated steering group with representatives from both organisations has been established to oversee and guide this process. 17
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Volunteers BASEM has continued to receive a vast amount of support from its volunteers, who make up various working groups and committees, includingthe conference. awards. science, and education committees and the BASEM Today team, who keep members up to date with the latest. Many of our members continue to contribute to our newsletters, by providing articles, guestediting editions of BASEM Today and BASEM Reports, and sharingtheir connections to help us identify others outside of the BASEM community who can help. There are a range of individual members who have supported BASEM by giving their time to increase the knowledge base at BASEM, by disseminating information to the BASEM Board about their areas of expertise, and those who represent BASEM at external events. The BASEM community has given a Lot to support BASEM this year, and we are truly grateful for everyone's time and effort. Governance BASEM is a charitable company. with memorandum and articles of association (M&As) as the governing document which guides process such as appointing new trustees. BASEN Trustees and BASEM staff have met regularly throughout the year, with a continued focus on transparency, governance and strategic alignment. Operational processes have been accessed and optimised, such as the membership database and awards systems. No Trustee elections were held in 2024, and no changes made to our M&As. A key area of focus has been the collaborative work with FSEM toward formingthe new organisation. A dedicated steering group with representatives from both organisations has been established to oversee and guide this process. We continue to communicate with lawyers and HR teams to ensure a thorough process in followed. A designated member of staff was appointed in 2024 to oversee this process. Development At the end of 2022, BASEM put aside designated funds for the purposes of developing BASEM'S membership offer, including a greater number of member opportunities. education, and events and raising awareness of SEM in general. To ensure BASEM could work on the development. BASEM increased the staff base further, and spent time ensuringwe recruited, trained, and retained good, high quality staff, and thatthe office was equipped for the increase in staff numbers and included modern-daytechnology. Our development projects in 2024 incLuded: IT Development To ensure we are working in the most efficient way possible, the team reviewed our current IT systems and found ways of automating many of the processes. This included our awards system, which previously relied on manual systems and spreadsheets. Additionally. we have worked on updating ourwebsite with new functionality and making it easierfor members and non-members tofind information, includingthe abilityto search, and easier access members, area. The new BASEM website will go live in early 2024 and will be a window to everything BASEM does and provide a one-stop-shop for members. 18
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Member Support BASEM continues to review and develop its offer and support to members. This includes partnership development to ensure members are getting the best seNice and value for money and investing in internal services such as the Member Directory and educational content. Staff Development In 2024 the team at BASEM has developed a strong bond through collaborative working to continue the good work of BASEM. Each of us has grown within our own functions while also supporting one another, whenever needed. Our Team Values Collaboration: We work together, supporting each other and sharing knowledge to achieve colLective success. Respect: We value diversity and treat everyone with fairness, dignity. and understanding. Integrity: We act with honesty, accountability. and transparency in all areas of our work. Innovation: We encourage creativity, adaptability, and continuous improvement. Excellence: We strive forthe highest standards. taking pride in the quality and impact of what we do. Wellbeing: We prioritise a supportive environment where our team feel safe, respected, and able to thrive. Future Plans We have made huge inroads to reviewing our current provision, resources and reach, and we are now in a position to take the next steps of our three-year strategic plan. On the horizons for 2026 includes: Keeping core relationships with partners Member engagement, creating different ways for members to be involved with BASEM Promote members benefits Creation of the new College of SEM {CSEM) 19
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisalion is a charitable company limiied by guaraniee and regisiered in England. The company was established under a Memorandum of AsslatIon that establishcd the objects and wwers of thc charitable company and is govcrned by il.s governing document and Articles of Associaiion. In the eveni of the Company being wound up, each member is required to contribute an amount not exceeding £1. Reernitment and appointment of new trnstees Trustees are appoinied for up 10 3 years and can be re-elecied for a further 3 years, subject to the rules laid down in the Memorandum and Articles of Association. Organisational structure The board meet at least four limes a year deal with the business of the Association and is responsible for the governance framework. the strategic direction and tK)licy of the charity. Staff members also attend the meetings but have no voting powers. All decisions on w)licy changcs, introduction of new policy. business. discussion and agrccment of all business of the sub-commiitees. reporting on business from Ihe Secreiary. Treasurer. and Senior Managemeni Team are diqcussed and agreed at each board meeting. New initiatives. legal requirements and questions raiscd by Members are all discussed at each meeting. Each meeting s minules are recorded, circulaied io each member and is made available to Members upon request. Day to day enquiries regarding the operational business are dealt with by the SMT. Induetion and training of new trustees New incoming trustees are piegenied with a lull induciion pack which includes roles and responsibilities of charity trustees and legal requirements. The Chair and sr are responsible for ensuring a full induction of Trustees takes place, pioviding infomjation on the structure, fuiure plans. 0ratIonal w)licies and any oihei infomiation seen io be of assistance to ihe po81 holder. All documeniary changes as signaiory 10 any official documenLS are put in place by the SMT or secretary ai the lime of the changeover of trusiees. Risk management The Irusiees recognise the importance of Risk Managemeni wiihin the framework of governance and internal control. Risk assessments. including financial and security risks. have been carried out by the trustees. The assessment is reviewed on an ongoing basis. by Ihe SMT and Ihe Treasurer. The OU0me of ihese reviews is then reported io and discussed by the trustees at meetings held throughout the year and ihe risk management tK)licies are amended as required. PUBLIC BENEFIT The trustees have considered this purtKise. the aims and objectives of the charity and its current and planned activities againsi the Charity Commission's general guidance on public benefit. The Trustees are saiisfied ihat ihe charity's purpose, aims, objectives and aciivities are fully consistent with charity purposes as defined in Ihe Charities Act 2011. 19
BIUTISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONStBJLrrtES The (rusiees (who ate also the directors of BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE for the purposes of company law) are responsible for preparing Ihe Rewn of Ihe Twsiees and the financial siaiemenis in accordance with applicable law and United "ngdOIn Accounting Standards (United "ngdoM Generally Accepfrd Accounting Praciice). Company law requires ihe irnsiees io prepare financial sthIemen for each financial year which give a irue and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expendiwre, of Ihe chariiable company for thai period. In preparing those financial statements, the trustees are required to select suitable accounting tK)licies and then apply them consistently- observe the methods and principles in ihe Chariiy SORP. make judgements and esiimates that are reasonable and prudent: slate wheihei applicable accouniing standards have been followed, subjeci any maLerial departures disclosed and explained in ihe financial SL2iemenis- prcpare the financial statements on ihe going concern basis unless It 15 inappropriate to presume ihat the charitable company will continue in business. The trustees are responsible for keeping proper accouniing records which disclose with reasonable accuracy at any lime the financial position of the charitable company and io cnablc thcm to ensure that the fjnancial statcmcnts comply with the Companies Aci 2006. They are also responsible for safeguarding the &ssets of ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Irustees are aware: there is no relevant audit inforniation of which the charitable company s auditors are unaware- and the trustees have taken all steps thai ihey oughi io have thken (o make ihem5elves aware of any relevant audit infomaiion and to eSblish Ihai Ihe audiiors are aware of thai inforniaiion. AUDITORS The auditors. Xeinadin Audit Limited. will be proposed for re-appointmenl at the forthcoming ATmual General Meeting. Report of the lrnstees. incortM)rating a straiegic repon. approved by order of the board of tsvstees, as the company directors, on . 2710912025 . and SiLTned on ihe board's behalf by: k l¢lt Dr P Wheeler - Trustee 20
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE Opinion We have audited the financial statements of BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE (the 'charithble company.) for Ihe year ended 31 December 2024 which comprise the Sthtement of Financial Activities. the Balance Sheet. the Cash Flow Staiemeni and notes to the financial sthtements, including a summary of significant accounting policies. The financial reponing framework thai has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards {United Kingdotn Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of ihe siaie of Ihe charithble company's affairs as ai .31 December 2024 and of its incoming resources and application of resources, including its income and expcnditure, for the year then ended: have been properly prepared in accordance wilh Uniied Kingdom Genernlly Accepied Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2(K>6. Basis for opinion We conductrd our audil in accordance with Iniernaiional Sthndatds on Auditing (UK) IISAS (UKI) and applicable law. Our reswnsibilities under those standards are further described in the Auditors. reswnsibilities for the audit of the rinancial siaiemenis section of our report. We are independent of ihe charitable company in accordance with the ethical requirements ihat are relevant io our audii of Ihe financial siaiemenLS in ihe UK. including Ihe FRC'S Eihical Standard, and we have tulfillcd our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obthined is sufficieni and apProprie to provide a basis for our opinion. Material uncertoinly relating to going concern We draw attention to Note l in the financial statements and ihe Trustee5 Annual Rcport. which indicates that a matcrial uncertainly exisis as ihe charity is in later siages of a poieniial merger. As pan of Ihe merger, there is a po.gsibiliiy ihat the company will transfer operations and nei assets to a new entity. and wind up the company within the next 12 months. Our opinion is not m(xlified in respect of Ihis maitrr. Other information The Iruqiees are responsible for the other inforniaiion. The oiher inforniation comprises the information included in the Annual Report, other than the financial SLiiements and our Report of the Independeni Audiiors ihereon. Our opinion on the financial staternents does not cover the other infomiation and. except to the exlenl otherwise expliciily sthted in our report, we do noi express any forni of assurance conclusion Ihereon. In connection with our audii of the financial slaiemenis. our reswinsibility is to read Ihe other infomation and, in doing so, consider whether the other informalion is n]ateTially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears io be maierially missiaied. If we identify such maierial inconsistencies or apparcnt matcrial misstatements. we are required to delern]ine whether this gives rise to a malerial Inisstalement in the rinanLial sthiemenis themselves. If. b&sed on ihe work we have perfornie(L we conclude ihai there is a maierial misstatement of this other information. we are required to reFK)rt that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2(K16 In our opinion, based on the work undertaken in ihe couise of the audil= the information given in the Report of the Trustees for the fjnancial year for which the financial statements are prepared is consistent wilh the financial staten]ents- and the Report of the Trusiees has been prepared in accordance wilh applicable legal requiremenls. 21
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable con]pany and its environment obthined in the course of the audit, we have noi ideniified maierial missiaiemenis in the Report of ihe TruseS. We have nothing io report in respeci of the following mauers where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have noi iKen kepi or returns adequaie for our audii have not been received from branches not visited by us- or the financial StaMenl$ are noi in agreemeni wilh Ihe accouniing records and returns; or certain disclosures of trustees, remuncration specificd by law are not n]ade: or we have not received all the infom)aiion and explanaiions we require for our audit. Responsibilities of trustees As expl&ined more fully in the Statement of Trustees. Responsibilities. the trustees (who are also the directors of the charitable company foi the purposes of company law) are r&%ponsible foi the preparaiion of the financial Svdiemenis and for being satisfied that they give a true and fair view. and for such internal control as the tn]stees determine is necessary to enable (he preption of financial slements thai are flee from maieiial misstaiemenL whether due to fraud or effor. In prcparing the financial statemcnts. the trustees are responsible for assessing the charitable coinpany's ability to concinue as a going concern, disclosing. as applicable. mauers relaied 10 going concern and using Ihe going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic aliernative but lo do so. 22
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE Our re5pon5ibilities for the audit of the fmancial statements Our objectives are to obiain reasonable assurance about whether ihe financial stalcments as a whole are free from material missthiement. whether due 10 fraud or error. and io issue a Report of Ihe Independeni Auditors that includes our opinion. Reasonable assurance is a high level of assuianLe, bui is noi a guarantee that an audi( conducied in accordance with ISAS (UK) will always deieci a maierial missthiemeni when li exisLs. Misstatements can arise from fraud or etroi and are considcred matcrial if. individually or in the aggrcgate, they could reasonably be expected to influence the economic decisions of users thken on ihe b&sis of ihese financial siaiements. The extent io which our procedures are capable of deieciing irregulariiies, including fraud is detailed below.. Irregularities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect n]aterial misstatements in respect of irregularities. including fraud. The extent to whiLh our proLeduies are capable of detrciing itregulaTi(ies, including fiaud is dethiled below.. Based on our understhnding of the company, we ideniified thai the principal risks of non-compliance with laws and regulations related io charities commission and corporation tax legislation and we considered the extent to which non-compliance might have a maierial effeci on the financial sthtements. As part of (his assessmeni we considered both quanlilalive and quali1]ve factors. We also considered those laws and regulaiions thai have a direct impact on the preparation on the financial statements. such as the Companies Act 2(X)6 and FRS 102. We evaluated management'5 incentives and opportunities for fraudulent manipulation of the financial statements which included ihe risk of managemeni override of conirols. We derMined thai the principal risks were relaied to posiing inappropriale joutnal entrics, omitting. adN'ancing or delaying rccognition of events and transactions that have OCCUnEd during or after ihe reporting period, and poieniial managemeni bias in ihe deierniinaiion of accouniing eqtimaies or judgements to manipulate results. Audit procedures performed by the engagen]ent teatn include: Enquiring of obtaining written representation frotn nwiagement in relation to known or suspected instances of non-compliance with laws and regulations and fraud; Evaluation of management's controls designed io preveni and dewi irregularities- Identifying and, where relevant, trsting journal entries posied by senior management or wilh unusual combinaiions- Assessing and evaluating the business rationale of significant transactions outside the nornial course of business- Reviewing financial statcmeni disclosures and testing Io sUPPOrting documcnlalion to assess compliance with applicable laws and regulations; Incorporating elements of unprediclability into the nature. timing andlor extent of audit procedures performed. There are inheieni limitalion5 in the audit procedure5 descrild above and ihe further removed non-compliance with laws and regulaiions is from Ihe evenis and Iranwiions reflecied in the financia] staiemenis. the lesq likely we would become aware of it. Also. the risk of noi detecting a material misslaterneni due to fraud is higher than the risk of not deteLling one iesuliing from etroi, as fraud may involve delilKrate concealmeni by. foi example, forgery or inientional misrepresentation. or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's Websi ai www.frc.org.uklaudiiorsresponsibililies. This descripLion fomjs part of our Report of the Independent Auditors. 23
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRITISH ASSOCIATION OF SPORT AND EXERCISE MEDICINE Use of our report This report is made solely to the charitable company'5 members. as a body. in accordance wilh Chapter 3 of Part 16 of the Companies Aci 2006. Our audii work has been underraken $0 thai we might state 10 ihe chariiable company's members those ma(iers we are required to stale io them in an auditors, reFx)rt and for no oiher purpose. To the lullest exieni perni1td by law, we do not accepi or assume responsibiliiy io anyone other than the chariiable Company and the charitable company's members as a body. for our audit worL for this rew)rt. or for the opinions we have formed. Andrew Cribb FCA (Senior s1ul0ry Audiior) for and on behalf of Xeinadin Audit Limited Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU 2910912025 24
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE STATEMENT OF FINANCIAL ACTIVITILS (INCORPORA TING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total nds 2023 Total funds Unrestrictrd Restricted fund Note5 INCOME AND ENDOWMENTS FROM Charitable actiTrities Memberships Cour5CS Conferences Journal income 185,Oi4 57,OiO 114,4)6 646,145 185,054 57,050 114,456 646,145 169,129 33.187 111,681 627,457 Other trading activities Investmeni income 64,1106 17,795 54.550 Total 1,084506 I,IK84,506 1,013,343 EXPENDITURE ON Raising tunds 869 Charitable activities Memberships Courses Conferences Journal income Awaids 267J94 219,425 320,149 127.806 99.886 267J94 219,425 320,149 127,806 99,886 269,342 163,641 280,775 88.155 91,440 Total 1,034,660 1,034,660 894,222 Net gains on investments 41.912 NET INCOME 49,846 49,846 161,033 RECONCILIA TION OF FUNDS Tothl funds brought fonvard 2,960,848 4,115 2,964,963 2,803,930 TOTAL FUNDS CARRIED FORWARD 3,010,694 4,115 3,014,809 2.964,96.3 25
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted fund NoS FIXED ASSETS Tangible as.gets Investment property 13 14 173254 206,0(K 173,254 206,0 178,08.3 206,tKK) 379254 379,254 384,083 CURRENT ASSETS Debtors Investments Cash at bank 15 16 593,633 1,159,726 1,119,509 593,633 1,159,726 1,123,624 532,496 4,115 2,118.569 2872.868 4115 2,87983 2.651,065 CREDrroRS Amounts falling due wiihin one year 17 (241,4281 (241,428) {70.185) NET CURRENT ASSETS 2,631,440 4,115 2,635,555 2.580,880 TOTAL ASSETS LFSS CURRENT LIABILITIES 3,010,694 4.115 3,014,809 2.964.963 NET ASSETS 3,010,694 4,115 3,014,809 2,964.963 FUNDS Unrestricted funds.. Designated fund Unrestricted fund Awards fund 19 270,OIM 2,672,441 68,2)3 2,745,533 85,315 3,010,694 2,960,848 Restricted funds= Restricted funds 4,115 4,115 TOTAL FUNDS 3,014,809 2,9fv1,963 The financial statements were approved by the Board of Tn]stees and authorised for issue and were signed on its behalf by= on 27109r2025" """"""""'"" """""' P lfyTheeler- Trustee 26
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 202A 2024 2023 Noies Cash flows from operating act]lieS Cash generated from operations Finance costs paid 167,703 {7,617) 47,813 (6,-545) Nel cash provided by operating activities 160,086 41.268 Cash flows from investing activities Fixed ierni cash deposiis Purchase of tangible fixed assets Inrest received (1.159,726) {1,112) (5.512) 9,966 Net cash (used in)Iprovided by investing activities (1,155,031) 4,454 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 1994,945) 45,722 2,118569 2.072.847 Cash and cash equivalents al the end or the reporting period 1,123,624 2.118.569 27
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE CASH FLOW STATEI¥IENT FOR THE YEAR ENDED 31 DECEMBER 202A RECONCtLIATION OF NET INCOME TO NET CASH FLOW FROM OPERA TING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Slatement of Financial Activitie5) Adjustments for: Dcprcciation charges Losses on investmen Interest received FinanLe costs Increase in debtors Increase/{decrease) in creditors 49,846 161,033 5,941 5.406 (41.912) (9,966) 6,545 {62,891) 110,402) (5007) 7,617 {61,137} Net cash provided by operations 167,703 47,813 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net eash Cash at bank 2,118,569 (994,945) 1 123 624 2 118.569 {994 945) 1123 624 Liquid resources Deposiis included in cash Current asset investments 1,159,726 1,159,726 1,159,726 1,159,726 Total 2,118,569 164,781 83J50 28
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202A AccouwrtNG POLICIES Basis of preparing the financial statements The financial statcments of the charitable company. which is a public benefil cnlity under FRS 102. have been prepared in accordance wilh the Chariiies SORP IFRS 102) 'Accouniing and Reporting by Charities: Siaiemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Rcporting Standard 102 The Financial Rcporting Standard applicable in the UK and Republic of Ireland, and the Companies Aci 2(K)6. The financial sraiemenis have been prepared under the historical cost convention. as modified by the valUatiOn of certain assets. One aspect to highlight at the start of this report are the ongoing discussions with the UK Faculty of Sport & Exercise Medicine IFSEM) to create a brand-new College of SFx)rt, Exercise, and Musculoskeletal Medicine, bringing together the activities of BASEM and FSEM into a sinole organisation. BASEM members continue io be kept up (o dale thiough regulai updaies, and through infom)ation on our websiie hitps=/lb&sem.co.uklproposed-collegel. For mosi up 10 dale infom)aiion, readers are directed to this section of the website. In the collaboraiive work with FSEM ioward forming the new organisation, a dedicaied $ering group wiih representatives from both organisations has been established to oversee and guide this process. We continue to communicate with lawyers and HR ieams io ensure a ihorough process in followed. A designated member of staff was appointed in 2024 to oversee this proces5. Income All income is recognised in Ihe Siaiemeni of Financial Aciiviiies once Ihe chariiy has entitlemeni to Ihe funds, it is probable that the income w'ill bc received and the amount can be measured reliably. Where inconiino resources have relaied exFenditure (as with fi]ndraisino or contract income) the incoming resouices and ielaied expendiiure ate reported gross in the SOFA. In accordance with (he Charities SORP IFRS 1021, the general volunteer lime is noi recognised, refer to the tn]stees report for more information about their contribution. Expenditure Liabilities are rccogniscd as expcndilure as soon as there is a Icgal or constructive obligation cominitting the charity io ihai exnd]Ire, li is probable thai a transfer of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under Ihe aciiviiy aggregaie all cosi relaied io the activiiy. Where COqLS cannot be directly attributcd io particular headings they have been allocated to activities on a basis consistent with the use of resouices. Awards offered subject io conditions which have noi been mei at the year end date are noted as a commitsneni but not accrued as expenditure. Governance costs Govcrnancc costs include costs of the preparation and audit of Statutory accounts. remuneration to trustees for services not related io duiies of being a uwsiee. ¢OSLS of rrnsiee meeiings and the cosi of any legal advice to trUSeS on governance or consiilulional mailers. Allocation and apportionment of costs Adminisiralion cosis are those ihai assisi the work of the chariiy bui do not direcily represent charitable activilies and includc office costs. governance costs and adn]inistrative payroll costs. They are incurred directjy in support of expenditure on the objeL(s of the charity and are alloCad activity Cosl cagone$ on a basis consistent with the use of resources. 29
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A AccouwrtNG POLICIES - continued Allocation and apportionmenl of costs Irrecoverable VAT is charged as a cost against the activity for which the eAtndIture is incurred. Website development Websiie developmenl is wriiien off over Ihree years, which is Ihe period considered the site will provide economic benefit. Tangible fixed assets Depieciaiion is piovided ai the following annual rates in order io writr off each asset over its esiimatrd useful life. Long le&sehold Fixiures and fitlings Computer equipmenl 2Yc on cost 20% on cosi 25% on cosi Investment property Inveslmcnt propcrty 15 shown at n]05t recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in Ihe Siaiemenl of Financial Aciiviiies. Taxation The charity is exempt from corporation tax on income and gains falling within Part I l of the Corporation Tax Act 2010, io ihe extent thai these are applied io lis chariiable purSes. Fund aceounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unresiricled funds sei aside by the direciors for specific future purtrt)ses or projects. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Rc5trictions arise when specified by the donor or when funds are raised for particular restrictcd purposes. Further explanation of the nalure and purp)se of each maierial fund is included in the notes 10 the financial statements. Hire purchase and leasing commitments Renthls paid undei operating leases are chaiged the Slement of Financial Aciivilies on a straighi line basis over the periiMI of the lease. Pension costs and other post-retirement benefits The charitable company 0[rateS a defined coniribuiion pension scheme. Contribuiions payable io the charitable company s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Current asset investments Curreni assel investmenis comprise of cash deposits placed on fixed-ierni or notice account and are held al cost. 30
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A OTHER TRADING ACTIVITIFS 2024 2023 Sponsorship 64,IM)6 54.550 INVESTMENT INCOME 2024 2023 Rents received Deposit account interest 11,988 5,807 7,373 9,966 17,795 INCOME FROM CHAIUTABLE ACTIVIEs 2024 2023 Aciivily Memberships Courses Conferences Member subscriptions Course fees Congress income 185,054 57,050 114,456 169,129 33.187 111,681 Journal income Journal publication & oiher services 646,145 627.457 1002,705 941,4.fj4 RAISING FUNDS Other trading activities 2024 2023 Sponsorship 869 CHARITABLE ACTIVITIES COSTS SupporL costs (see notr 7) Direct Costs Totals Memberships Courses Conferences Journal income Awards 60,097 65,834 251012 I276 41,860 207297 153091 68J37 267,394 219,425 320,149 127,806 99,886 58,026 547,409 487251 31
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A SUPPORT COSTS Govemance costs Adminiswaiion Totals Memberships 204,781 148,968 63,067 55510 2016 4,623 5,270 2,516 207,297 153,591 68,337 58,026 Conferences Awards 472J26 14,925 487 251 NET tNCOMFJIEXPENDITURE) Nei incomel(expenditure) is after chargingl(crediling)= 2024 2023 Auditors, remuneration Depreciation - owned assets Hire of planl and Tnachinery 9,600 5,941 1519 9,600 5,407 1,129 TRUSTEES, REMUNERATION AND BENEFITS 2024 2023 Trusiees, fees 4,412 The following remuneration was paid io Chariry's Irustres, for services towards providing the Company's charitable aims.. 2024 2023 Dr Jane Dunbar Mrs Lucy Wright Dr Dane Vishnubala 1.41K) 2223 2.012 The board have given regard io ihe Chariiy Commission's guidance and consider the payments be in the best interest and reasonable for (he services provided. No remuneration was paid To the Irustees during the financial year or previous financial y&2r, for their duties as a truslee. Trnstees, expenses 2024 2023 Trusiees, expenses 3,102 510 32
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A io. STAFF COSTS 2024 2023 Wages and salaries Social securiiy costs Other pension costs 240213 17,602 14,644 195.414 14,4.fj4 11.477 272 221,345 The average monihly number of employees during the year was as follows: 2024 2023 Administration & management The number of employees whose evnployee benefi15 (excluding employer pension costs) exceeded £60.IX)O was.. 2024 2023 £60,(J)1- £70,( Less than £60,0(X) Tern]inalion benefits paid during the year amounted to £26.438 a5 part of a restructuring program. ii. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Re.strjcd fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities Mcnibcrships 169.129 3.3,187 169.129 33,187 111,681 627,457 Conferences Journal income 627.457 Oiher trading activities Investment income 54,550 17.339 54.550 17.339 Total 1,013,343 1,013,343 EXPENDITURE ON Raising funds 869 869 Charitable activities Memberships Courses Conferences Journal income Awards 269.342 163.fvll 280.775 88,155 91.440 269.342 280,775 88,155 91.440 33
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A ii. COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued unre5ltiLd Restrictd funds fund Total funds Total 894,222 894,222 Net gains on investmen 41,912 41,912 NET INCOME 161,033 161,033 RECONCILIA TION OF FUNDS Total funds brought fon¥ard 2,799,815 4,115 2,803,930 TOTAL FUNDS CARRIED FORWARD 2,960,848 4,115 2,964,963 12. INTANGIBLE FIXED ASSETS Website COST Ai l January 2024 and 31 Decen]ber 2024 44,141 AMORTISA TION At l January 2024 and 31 December 2024 44,141 NET BOOK VALUE Ai 31 December 2024 Ai 31 December 2023 34
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A 13. TANGIBLE FIXED ASSETS Fixiures tong leasehold Computer equipment fittings Totals COST Ai l January 2024 Additions 230,712 11,156 44,488 1,112 286J56 1,112 Ai 31 DeCemr 2024 230,712 11,156 DEPRECIA TION Ai l January 2024 Charge for year 59J52 4.614 11,156 37,765 lJ27 108273 5,941 Ai 31 December 2024 11,156 39,092 114214 NET BOOK VALUE Ai 31 DeLember 2024 166,746 6,508 173254 Ai 31 DeCemr 2023 171.360 6.723 178.083 14. INVESTMENT PROPERTY FAIR VALUE At l January 2024 and 31 December 2024 206,IMM) NET BOOK VALUE Ai 31 December 2024 206,IM)O At 31 December 2023 206.IN)O Fair value at 31 December 2024 is represented by= Valuation in 2023 41,912 164,088 206,000 35
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A 15. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2023 Trade dcbtors Prepaymenrs 557,066 36,507 505,588 26,908 593,633 532,496 16. CURRENT ASSET INVESTMENTS 2024 2023 Oiher ,li9,726 At the balance sheet date. the chariiy held £1.161m12023= £NILI as cash equivalenis on deposit. A balance of £60,tKM) requires 30 day5 notice and a balance of £60,(KMI requires 45 days notice. The trusiees consider the deposiis low-risk and liqui(L the income generad io be used io support the charity's long term objectives. 17. CREDITORS: AMOUNTS FALLING DUE WtTHtN ONE YEAR 2024 2023 Trade creditors Social securily and other taxes VAT Oiher crediiors Pension Accruals and deferred income 176J72 4,785 30,614 14297 25.239 5,4(K) 515 881 38.150 15 241,428 70.185 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Between one and five years 1,783 3244 1.783 5,026 6,809 36
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A 19. MOVEMENf IN FUNDS Nei movemeni in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted fllnds Designated fund Unrcstriclcd fund Awards fund 130, 2.74i,i33 85,315 140,IKbO (164,691) 24,691 270,0(KI 2,672,441 68,253 91,599 (41,753) 2.960,&18 49846 3,010,694 Restrieted funds Restricted funds 4,115 4,115 TOTAL FUNDS 2,964,963 49,846 3,014,809 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestticd fund Awards fund 1,084506 (992,907) (41,7i3) 91,599 (41753) 1.084506 (1034,660) TOTAL FUNDS 1,0&1S06 (1,034,660) 49,846 Comparatives for movement in funds Nei movement in funds Transfers between funds At 31.12.23 Ai 1.1.23 Unrestricted funds Designated fund Unrestricled fund Awards fund 452,-3(X) 2.347.515 161,654) 222.687 (200.6} 175.331 85,315 2.745,533 8.fj,-315 2.799.815 161.033 2.960.848 Restricted funds Rcstrictcd funds 4.115 4,115 TOTAL FUNDS 2.803.930 161.033 2,964,963 37
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A 19. MOVEMENf IN FUNDS - continued Comparative net movemeni in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movemen¢ in fund8 Unrestrieted funds Designated fund Unrestricted fund 161,654) (832.568) (61,654) 222,687 1.013.343 41,912 1,013,343 894,222 41,912 161,033 TOTAL FUNDS .013.343 {894.222) 41,912 161,033 A current year 12 months and prior year 12 months combined position is as follows: Net movemeni in ndS Transfers between funds At 31.12.24 At 1.1.23 Unrestricted funds Designated fund Unrestticd fund Awards fund 452.3(K) 2,347,515 (61.654) 314,286 (41.753) (120.646) 10.640 110.006 270,(KM) 2,672,441 68,253 2,799,815 210,879 3,010,694 Restrieted funds Resiricied funds 4.115 4,115 TOTAL FUNDS 2,803,930 210,879 3,014,809 A current year 12 months and prior year 12 monihs combined nei movement in funds, included in the above are as follows= Incon]in Resources expended Gains and losses Movement in funds resources Unrestricted funds Designated fund Unrcstricled fund Awards fund (61,654) (1.825.475) (41.75.3) (61,654) 314.286 (41,753) 2.097.849 41.912 2.097.849 (1.928.882) 41.912 210.879 TOTAL FUNDS 2.097.849 (1,928.882) 41.912 210.879 38
BRITISH ASSOCIA TION OF SPORT AND EXERCISE MEDICINE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 202A 20. EMPLOYEE BENEFIT OBLIGATIONS The organisation 0raleS a defined convibuiion pension scheme. 2024 2023 The costs of Ihe scheme 10 ihe chariiy for the year The amount of any contribution5 oulstanding at the year end The amount of any coniribuiions prepaid ai the year end 14,644 11,477 881 21. RELATED PARTY DISCLOSURES There were no related party iransaciions for ihe year ended 31 December 2024. 22. DESIGNATED FUNDS Designated funds contains incorne from unrestricted charitable activities. These funds have been designated to assist the charity in itnproving its ability to carry out its charitable aims. Such amounis have not been included in deferred income as they hold no rfQnnanCe-re]aled or other conditions that may limit recognition. The designated funds are for the following pllrses and expected to be expensed in the 12 months following the balance sheet da. To creatr a new research training course lor members io improve their skills and provide them with grear opportunities. BASEM'S contribution to malniain members, fees. Provision for legal services in respeci of poieniial collaboraiion and esthblishment of College of SEM. 23. AWARDS FUNDS Awards funds contains income from unresiricwl Charitable aciiviiies. Such amounts have not tttn included in deferred income as they hold no perforn]ance-related or other conditions that may limit recognition. These fund5 have been de5ignaled for Members. research award5 and contracted bursaries. to promote the speciality of sport and exercise medicine 39