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 rese￿eS 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
Specialty￿ryth open arms. It W8S 8
pri￿lege to share close Con￿￿atiOn
7th estab&shed 8ASEM
Open. hOneSt8￿ce." 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 cOu￿e 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 Ass￿latIon 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 s￿r are responsible for ensuring a full induction of Trustees takes
place, pioviding infomjation on the structure, fuiure plans. 0￿ratIonal 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 OU￿0me 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 eS￿blish 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 apPropri￿e 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 Trus￿eS.
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 Sta￿Menl$ 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 prep￿￿tion of financial s￿lements 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 quali￿1]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 de￿rMined 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 descril￿d 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 perni1t￿d 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 s1￿ul0ry 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
No￿S
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
2,87￿983
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
In￿rest 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 ex￿nd]I￿re, 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
trUS￿eS 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 alloCa￿d activity Cosl ca￿gone$ 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 eAt￿ndIture 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 pur￿Ses.
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 S￿lement 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 ACTIV￿IEs
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
I27￿￿6
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.strjc￿d
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
unre5ltiL￿d
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 DeCem￿r 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 DeCem￿r 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 genera￿d 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
Unresttic￿d 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
Unresttic￿d 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 0￿raleS 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 pllr￿ses 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 grea￿r
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