COMPANY REGISTRATION NUMBER: 01970827 CHARITY REGISTRATION NUMBER: 294072
The British Association of Aesthetic Plastic Surgeons Company Limited by Guarantee Unaudited Financial Statements 31 December 2024
HARDCASTLE BURTON
Chartered accountants 36 Dene Road Northwood Middlesex HA6 2DA
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name The British Association of Aesthetic Plastic Surgeons Charity registration number 294072 Company registration number 01970827 Principal office and registered Royal College of Surgeons office Lincolns Inn Fields London WC2A 3PE
The trustees
J S Ahmed A Fateh M S K W Ho-Asjoe A H F MacQuillan R S Nassab N F Nugent M D Pacifico S Rimouche (Appointed 1 October 2024) D Saleh R Taghizadeh P A Wilson
The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee.
Independent examiner
Hardcastle Burton 36 Dene Road Northwood Middlesex HA6 2DA
1
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2024
Objectives and activities
Objectives and aims
The objects for which the Association is established are advancement of education in , and the practice of, Aesthetic Plastic Surgery for public benefit, in particular:
a) To promote an interchange of knowledge for the advancement of Aesthetic Plastic Surgery among suitably qualified surgeons.
b) To stimulate training in this aspect of Plastic Surgery among Plastic and Reconstructive surgeons and their trainees.
c) To ensure that Aesthetic Plastic Surgery remains a recognised and respected discipline.
Significant Activities
Educational courses are held regularly by the Association and meetings involving distinguished overseas speakers are organised and promoted. The main meeting in the year is the Annual instruction meeting.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Financial review
The charity made a surplus of £61,407, (2023:£45,899). Reserves stood at £434,992, (2023:£373,585).The charity maintains enough reserves to cover one year's overheads.
Plans for future periods
Other educational meetings and courses are scheduled for the coming year.
2
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2024
The trustees' annual report and the strategic report were approved on 7 September 2025 and signed on behalf of the board of trustees by:
R S Nassab Trustee
3
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The British Association of Aesthetic Plastic Surgeons
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of The British Association of Aesthetic Plastic Surgeons ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
4
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The British Association of Aesthetic Plastic Surgeons (continued)
Year ended 31 December 2024
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Independent Examiner
36 Dene Road Northwood Middlesex HA6 2DA
7 September 2025
5
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Charitable activities | 5 | 669,874 | 669,874 | 563,456 |
| Investment income | 6 | 27,391 | 27,391 | 21,223 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 697,265 | 697,265 | 584,679 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 635,858 | 635,858 | 538,780 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 635,858 | 635,858 | 538,780 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 61,407 | 61,407 | 45,899 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 373,585 | 373,585 | 327,686 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 434,992 | 434,992 | 373,585 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 13 form part of these financial statements.
6
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 5,463 | 15,213 |
| Current assets | |||
| Debtors | 13 | 117,868 | 208,235 |
| Cash at bank and in hand | 396,547 | 363,511 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 514,415 | 571,746 | ||
| Creditors: amounts falling due within one year | 14 | 81,711 | 212,675 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 432,704 | 359,071 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 438,167 | 374,284 | |
| Creditors: amounts falling due after more than one year | 15 | 3,175 | 699 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 434,992 | 373,585 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 434,992 | 373,585 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 17 | 434,992 ৶৶৶৶৶৶৶৶৶ |
373,585 ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 9 to 13 form part of these financial statements.
7
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of trustees and authorised for issue on 7 September 2025, and are signed on behalf of the board by:
R S Nassab Trustee
The notes on pages 9 to 13 form part of these financial statements.
8
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Royal College of Surgeons, Lincolns Inn Fields, London, WC2A 3PE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from meeting and training days is recognised in the year in which the events occur.
-
income from membership fees are recognised in the calendar year. This is classified as unrestricted funds .
9
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
4. Limited by guarantee
The charity is a company limited by guarantee.
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Subscriptions | 340,808 | 340,808 | 318,190 | 318,190 | |
| Meeting income | 301,716 | 301,716 | 196,361 | 196,361 | |
| Regional aesthetic meeting | 19,550 | 19,550 | 28,530 | 28,530 | |
| Other income | 7,800 | 7,800 | 20,375 | 20,375 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 669,874 | 669,874 | 563,456 | 563,456 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 27,391 | 27,391 | 21,223 | 21,223 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 7. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Promotion of Aesthetic Plastic Surgery | 457,950 | 457,950 | 370,390 | 370,390 | |
| Support costs | 177,908 | 177,908 | 168,390 | 168,390 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 635,858 | 635,858 | 538,780 | 538,780 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 8. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| Promotion of Aesthetic Plastic Surgery | 457,950 | 177,908 | 635,858 | 538,780 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 9. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 9,750 | 9,868 | |||
| Operating lease rentals | 11,306 ৶৶৶৶৶৶৶৶ |
7,210 ৶৶৶৶৶৶৶ |
11
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
10. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 142,402 | 129,717 |
| Social security costs | 391 | 306 |
| Employer contributions to pension plans | 13,904 | 13,014 |
| Other employee benefits | 573 | 810 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 157,270 | 143,847 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees;
No trustees have claimed expenses or had their expenses met by the charity.
12. Tangible fixed assets
| Equipment | ||
|---|---|---|
| £ | ||
| Cost | ||
| At 1 January 2024 and 31 December 2024 | 76,260 | |
| ৶৶৶৶৶৶৶৶ | ||
| Depreciation | ||
| At 1 January 2024 | 61,047 | |
| Charge for the year | 9,750 | |
| ৄৄৄৄৄৄৄৄ | ||
| At 31 December 2024 | 70,797 | |
| ৶৶৶৶৶৶৶৶ | ||
| Carrying amount | ||
| At 31 December 2024 | 5,463 | |
| ৶৶৶৶৶৶৶৶ | ||
| At 31 December 2023 | 15,213 | |
| ৶৶৶৶৶৶৶৶ | ||
| Debtors | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade debtors | 41,740 | 4,686 |
| Prepayments and accrued income | – | 42,547 |
| Other debtors | 76,128 | 161,002 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 117,868 | 208,235 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
13. Debtors
12
The British Association of Aesthetic Plastic Surgeons
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
14. Creditors: amounts falling due within one year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 15,247 | 59,276 | |
| Accruals and deferred income | 31,741 | 34,132 | |
| Other creditors | 10,237 | 10,237 | |
| Other creditors | 24,486 | 109,030 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 81,711 | 212,675 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 15. | Creditors: amounts falling due after more than one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Social security and other taxes | 3,175 ৶৶৶৶৶৶৶ |
699 ৶৶৶৶ |
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £13,904 (2023: £13,014).
17. Analysis of charitable funds
Unrestricted funds
| At | At | ||||
|---|---|---|---|---|---|
| 1 | January 202 | 31 | December | ||
| 4 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 373,585 | 697,265 | (635,858) | 434,992 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At | At | ||||
| 1 | January 202 | 31 | December | ||
| 3 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 327,686 ৶৶৶৶৶৶৶৶৶ |
584,679 ৶৶৶৶৶৶৶৶৶ |
(538,780) ৶৶৶৶৶৶৶৶৶ |
373,585 ৶৶৶৶৶৶৶৶৶ |
13