The Ménière's Society Report and Financial Statements Year ended 31 March 2024 Page Content5 Trustees and Advisors Report of the Trustees Report of the Independent Auditor io Statement of Financial Activities li Balance Sheet and Cash Flow Statement 12 Notes to the Account5
The Ménière's Society Tru5tee5 and Advisors Year ended 31 March 2024 Trustees Mr David Renton (Chair of Trustees) Mrs Pennie Ford (Vice Chairl Miss Sara Christopher (Treasurer) Mr lain (Spikel Bromley Mr Andrew Clements Mrs Carol Evans Mr Colin Hughes Mr Rory MacNeil Dr Isabel Spence Mr Simon Webster Fund Managers Sarasin & Partners LLP Juxon House. 100 St Pauls Churchyard. London. EC4M 8BU and CCLA Investment Management Ltd Senator House, 85 Queen Victoria Street, London, EC4V 4ET Bankers Lloyds Bank plc 12 High Street, Haslemere, Surrey, GU27 2JG and CAF Bank Ltd 25 Kings Hill Avenue. Kings Hill, West Malling, Kent, ME19 4JG Audltors Charnberlains Elm House, Tanshire Park, Shackleford Road, Elstead, Surrey GU8 6LB Accountants Acquis Limited The Atrium, Curtis Road, Dorking, RH4 IXA Contact Address Ménière's Society The Atrium, Curtis Road, Dorking, RH4 IXA
The Meniere's Society Report of the Trustees Year ended 31 March 2024 Preamble During the year ending March 2024, there was a mix of positive and challenging events that impacted economic stability within the United Kingdom and beyond. There was a market rally of stocks and bonds, corporate resilience, and a decline in inflation. However, banking sector challenges, energy inflation, geopolitical tensions and a Changing political landscape of large markets continued to place pressure on market stability. These challenges cascade to the Society operations and challenged the fundraising environment. The Society is not alone in the Charity community navigating priorities. Fundraising showed some improvement along with receipts of donations and gifts which was a positive result for a challenging landscape. The Society continued to receive much appreciated legacies and, while sympathi5ing with relatives, we are extremely grateful for those kind remembrances. The financial accounts reflect a redurtion in cash position based on a material return of monies relating to a settled legacy claim. In addition, the cash position reduced year on year, due to some decline in subscriptions. reduction in interest due to the lower investment capital value and some navigation of the yearf5 inflationary pressures. The financial position however remains in a stable position, and the Trustees are informed at quarterly meetings on income sources and expenditure, to ensure that the financial position remains sound to support operations. Objectives and Constitution of the &)ciety The objectives of the Society continue to be to promote care and relief for sufferers from Menière's syndrome and related condition5. The Ménière's Society constitution was adopted on 9 July 1987, and it was registered as a charity on 24 July 1987, following which various amendments have been made, most recently on 13 October 2012. Public Benefit The objectives of the Charity are as stated above, and the Trustees are pleased to have been able to attract a wide membership and to be able to assist them and others as described. The Trustees have therefore complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission guidance in this respect.
The Meniere's Society Report of the Trustees- continued Year ended 31 March 2024 Activities During the Year Information Services and Hel line The Society has continued to provide support for sufferers from Ménière's syndrome and other vestibular conditions, through the Society's telephone/email support service. Further support, as well as feedback on the research projects funded, is provided by the annual conference and the publication of the magazine Spin. Membership, at 2,645 on 31 March 2024, is lower than last year12,7851 and the decline is thought to be attributable partly to an increase in the membership charge and the pressure on household budgets due to economic outlook, and general inflationary pressure. Research The Society continued to finance research into vestibular conditions and further research is currently being planned. At the year-end £105,087 was committed from the unrestricted programme and restricted research reserves lof which £56,926 has been accrued in the accounts for work carried out up to 31 March 2024 but not yet invoiced), to full or part-fund the following research projects.. Modelling Dynamic Balance using Hearing Aid-Fixed Inertial Measurements. Cambridge, UK. Understanding and Treating Visual Symptoms in Per515tent P05tural Perceptual Dizziness. London, UK. In Vitro Preclinical ANTI-FN14 Antibody Test and Monitoring of the Clinical Response in Patients with Meniere's Disease ICLINMONI. Granada, Spain. Vertigo Reduction by Sensory Attenuation IVERSAI. London, UK. The Incidence. Diagnosis, and Management of Acute Dizziness in the Emergency Department. London, UK. Management and administration Plans and Ex ectations There are current strong reserves, after excluding the Unrestricted General, or Operational, Reserve the Society is in a good position to finance and promote further research and to be pro-active in seeking suitable projects that will result in either immediate application or foundation work. The continued development of the Society's online and social media presence continues to be a priority. The continued revitalizing of local support groups is also important.
The Meniere's Society Report of the Trustees- continued Year ended 31 March 2024 Financial Review The Society continues to benefit from very generous bequests (both received and notified but not yet received) which has added to other incomes. The Trustees are extremely grateful to supporters for their continued contribution5 and, expressing condolences to the bereaved, are very appreciative of mentions in wills. Thanks to such support, the Society is well placed to continue its work and finance further research. Fundraisin The Society's fundraising continued to concentrate on building awareness and relationships, as well as the encouragement of individuals and groups to support a broad range of artivities from low profile events such as coffee mornings to high profile ones such as the London Marathon. Although not currently a member, the Societv follows the guidance of the Fundraising Regulator and, as such, the Society believes it is successful in fostering a responsible fundraising approach. Governance and Decision Makin The Society is run on behalf of the members by a Board of Trustees who control the activities of the Society and meet at least four times a year. During the year, these meetings were held by video and in-person conferencing. Reserves Polic The Society's General Reserve is considered an Operating Reserve li.e., a nominal fund available only for the operational activities of the Society and not available for research, other special programmes, long term investments etc.). It is set at a minimum target level equal to the Society's annual Operating Expenditure las defined by the Society's approved budget, rounded to the nearest £IO,0001. Reserve5 at 31 March 2024 were £760,032. No commitment will be made by the Trustees that would allow the Operating Reserve to fall below the annual Operating Expenditure of the Society. The Trustees intend that the Society's unrestricted funds are more than the Operating Reserve be used in driving research and other progrèmmes under the Society's broader objectives, subject to operational demands. Such funds are referred to as capital funds. Subject to the above paragraphs, the Society will aim to treat the receipt of "In Memory Of" gifts, legacies, and donations as capital funds. Restricted funds will be separately identified and only used for the general or specific purpose stated by whoever donated or bequeathed them. Income or value arising from deposit or investment of the Societvs restricted and unrestricted funds will be added to these funds in proportion to their balances.
The Meniere's Society Report of the Trustees- continued Year ended 31 March 2024 Recruitment and Trainin of Trustees Potential Trustees are sought from active members of the Society. Trustee training is provided by the Investment Managers and by others operating in the general field of 'Charity." Trustees, Res The Charities Act 2011 requires the Trustees to prepare financial statements for eath financial year which give a true and fair view of the state of the affairs of the Society and of the surplus or deficit of the Society for that year. In preparing those financial statements the Trustees are required to.. Select suitable accounting policies and then apply them con51Stently. b. Make judgements and estimates that are reasonable and prudent. c. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. d. Prepare the financial Statements on the going concern basis unless it is inappropriate to presume that the Society will continue its activities. Trustees, Res onsibilities continue The Trustees are also responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Society and for ensuring that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Society and thus for taking reasonable steps for the prevention and detection o* fraud and other irregularities. Safe uardin The Meniere's Society recognises the importance of safeguarding to ensure anyone engaged in our work or using our services is safe from harm, abuse, or neglect. The Society has a designated safeguarding lead within the office team and a lead trustee for safeguarding and provides an update at every Trustee meeting. There have been no safeguarding concerns during the year. The Society's Safeguarding Policy is available on request. Data Protection The Society operates within General Data Protection Regulations. Sep 18, 2024 David Renton (Chair of Trusteesl Date
Report of the Independent Auditor To the Trustees of The Ménière's Society For the year ended 31 March 2024 Opinion We have audited the financial statements of The Ménière's Society I'the Society'l for the year ended 31 March 2024 which comprise the Statement of Financial Artivities, the Balance Sheet, the Cash Flow Statement and notes to the financial ststement5, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the Society's affairs as at 31 March 2024 ènd of its incoming resour5 and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Art 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities Under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Society in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any materièl uncertainties relating to events or conditions that, individually or collertively, may cast significant doubt on the Society's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other infomiation The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, extept to the extent otherwise explicitly stated in our report, we do Not express any form of assurance conclusion thereon.
Report of the Independent Auditor To the Trustees of The Ménière's Society For the year ended 31 March 2024- continued In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement% or our knowledge (>btained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent material mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by thè Charities Act 2011 In otjr opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and uriderstanding of the Society and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Tru5tee5. We have nothing to report in respett of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion= the information given in the Trustees, Annual Report is inconsistent in any material respect with the financial statements, or adequate accounting records have not been kept the financial statements are not in agreement with the accounting records and returns.. or we have not recewed all the information and explanations we require for our audit., or Responsibilities of Trustees A5 explained more fully in the Statement of Trustee5' Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparatic)n of financial statement5 that are free from material mi55tatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Society's ability to continLJe as a going cc>ncern, disclosing, as applicable, matters related to going concem and LJSing the going concern basis of accounting unless the Trustees either intend to liquidate the Society or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55tatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that iNclude5 our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the basis of these financial statements.
Report of the Independent Auditor To the Trustees of The Ménière's Society For the year ended 31 March 2024- continued The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. These procedures include making enquiries of the Trustees and staff of the Society and examining a sample of transactions and balances on a test basis. We review all legacy income in the period and all salary payments, including verification of the existence of all employees. The extent to which our procedures are capable of detecting irregularities, Including fraud, is considered to be reasonable in view of our audit work and the evidence describe above. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/audittsrsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the Society's Trustees, as a body, in accordance with Sections 44 of the Charites Act 2011. Our audit work has been undertaken so that we might state to the Society's Trustees those matters we are required to State to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Society and the Society's Trustees as a body, for our audit work, forthis report, or for the opinions we have formed. 11 Paul J Chamberlain (Senior Statutory Auditorl Chamberlains Statutory Auditors and Chartered Accountants Elm House. Tanshire Park Shackleford Road, Elstead Godalming Surrey GU8 6LB Sep 27, 2024 Date.. .............................................
The Ménière's Society io. Statement of financial activities for ear ended 31 March 2024 Includin statement of com rehensive income Note Unre#riued Funds Restrlcted Funds Marth 31, 2024 ilnre5trlcted Funds Resirlcied Funds Marth 31. 2029 Total Funds Totsi Funds Income & Ex enditure Intome Incoming Re50urce5 Membership 5ub5criptlOn5 Grants and corporate sponsorship Donations & gifts Legacies Fund r3ising 3Ctivities Conference Othergood5 for sale GiftAid tax recovery Investment income and interest received Total Incoming resources 58,242 4,220 31,502 75,391 26,981 1,465 6,944 15,661 24,974 245.380 58,242 5,220 47,249 75,391 27,145 1,465 59,501 2,274 39,666 143,587 31,484 1.016 59,501 2,274 50,313 1478,9131 31,7 1,016 15,748 10,647 1622,5001 216 163 2,718 4.655 24,285 18,379 29.630 269.665 14,753 20.39S 312,679 1,802 17,777 1592.0581 16,555 38,175 1279,3791 Oper*ing Expendiiure Information service & helpline SPIN magazine Conference Cost of other goods for resale 24,136 10,417 12,313 2,866 160,414 4,371 42,537 4,020 1,955 263,028 24.136 10.417 12,313 2,866 160,414 11,404 42,537 4,020 1,95S 270,061 19,889 17,242 19,889 17,242 16D,872 8,430 59,241 3,060 2,431 271,165 160,872 8,430 59,241 7,033 Manasementand administrative Governance cost5 (independent audit) Web site development Total operating expen5e5 2,431 271,165 7,033 Net incomin8 1 lout8oingTr operatin8 resources 117,6481 17,252 41,514 1592,0581 1550,5441 Research expenditure Netln¢omln8 1 lovtsolngl re50vrces 177,060 1159,8081 177,060 1177,4561 102,584 1694,6421 102,584 1653,1281 117,6481 41,514 Reallsed and vnreallsed1105se5llgalns 34,968 12.5891 32,380 170,0321 129,3131 199,3451 Transfers between fijnds 1155,3651 155,365 157.8331 57,833 Netmovementlt) funds 1138.0441 17,0321 1145.0771 186.3511 1666.1221 1752,4731 Fund balances brouÈht forward 866,885 38,224 905,109 953,236 704,346 1,657,582 Fund balances carrled forward 728.840 31,192 760.032 866,885 38.224 905,109
The Menière's Society li. Balance Sheet as at 31 March 2024 Mah 31.2024 Mah 31. 2023 Fi¥Èd Asset$ Ollice eoulpmeni& computers Investments 1,845 721.889 723.734 2,465 1.349.471 1.351.936 Current A55e¢5 Stockof ¢on5umable & promotional items Debtors & prÈp3yments Bank curreniaccounts & cash Bank dep051t accounts Total current a55ets 4,403 20,113 69,568 11,989 I(.072 6.485 23,068 98,813 95,372 223.738 Cyrrent LIabile5.. p3yable inone 65,792 3,982 69,774 666,343 4,222 670.565 HM Revenue & Customs io NetCurrentA5sets NetA5spts 36.298 760.032 1446.8271 905.109 Fuhds Unrestritted General PrDBramme li li 290.000 438.840 290.000 576.B85 Research West Yorkshire li li 28,805 2,387 35,837 2,387 li Total Fund5 760.032 905.109 The note5 on page5 12- 16 fTrrm pirt of these Ircovnt5. The financial statèments werèapproved by thÈ Trustees and authorisÈd for issue on Sara Chr15ropher (Trea5urerl Cashflow statement for ear ended 31 March 2024 Note 2024 2023 Ca$hflowfr¥m DP¢f*ing¥¢tMtI¢S 13 1769.841 189.2011 Cashflowfrom Investlnz actlvltks 12,4481 Disposal of Invettments 622.500 24.974 4.656 5,083 17.777 20.398 63,072 Other investment intome 657.213 98.799 Net increase In Tr5h ind cash eqvivalents 190.4021 194,185 284,587 Cash and cash equfvalent5at end oftheyear 8LJ57 194,185
12. The Ménière's Society Notes to the accounts Year ended 31 March 2024 At¢ountinz Poli¢ies Basis of accounting The accounts have been prepared under the historical cost convention, as modified by the annual revaluation of listed investment5 to m3rket value, and in accordance with applicable accounting standards, the Charities Act 2011 and the Statement of Recommended Practice on Accounting for Charities, SORP 2015. Realised gains or losses on disposal of investments are shown a5 the difference between the atnount at which they were valued at the beginning of the year, or cost if purchased during the year, ènd sèle proceed5. Funds 5trurture The funds of the Society are fully unrestricted and expendable except where they result from donation5 Qr activitie5 for specified purp05e5, in which c35e they ère Shown a5 re5trirted funds. Unless stated otherwise, restricted funds are specified as being for research and are held within the bank balÈntès. The unrÈstritted fund intludÈs a tapital I"programm@"I fund. which acts as a reserve and quasi endowrnent fund, and a general fund, which is the Operating Reserve of the Society. Investment5 Invesrments are st8ted at mid-market vèlue 8t the bèlance sheet date. Income SubscriptlQn5 frotn metnber5, which 3rrive during the course of the year, are recorded in the St3temeDt of Financi31 Activities when received. Investment income 15 taken into the accounts on the b8sis of the 8mount receivable during the period. Oonations, legacies and grants receivable are accounted for as soon 35 legal entitlement arises, their amount is known with sufficient reliability and ultimate receipt Is reasonably certain. Income from fundr8ising is 811ocated to general or restricted funds in accord8nce with the conditions under which it Wa5 raised. Expenditure and allocation of overhead and support costs Expenditure is included on an accrua15 ba515 and 15 inclusive of VAT where applic3ble. C05t5 are allocated b&tween the funds 8S 8ppropriate. Wher& they apply to restricted and unrèstritted funds. a rèasonablè proportion is attributèd to Èach. Rentals Èpplicablè to oper4ting leases, where substantially all the benefits risks of ownership remain with the lessor, are charged in the 8ccounts in 8 Straight line basis over the leèse term. Contributions in respect of the comp3nVs defined pension scheme are charged in the year in which thev are payable to the scheme. Tanzible fixed assets Tèngible fixed 8SSetS are stated in the bal8nce sheet at cost less depreciation c8lculated èt rates intended to write off thÈ extÈss of the cost over the anticipated rÈsidual v31ue of individual a55ets overtheir estimated useful lives. These rates are currently a5 follow5: Office equipment 25% per 3nnum on the reducingvalue Cornputer equiprnent 50% per 3nnum on a straight line basis
13. The Ménière's Society Notes to the accounts Year ended 31 March 2024 At¢ountinz Poli¢ies- ¢Onlirtued Stock Stock is valued at the lower of cost, Including irrecoverable VAT, and market value. Debtors Debtors are recognis&d 8t the expected settlement amount. Cash at bank This includes cash and flxÈd tÈrm deposit accounts with maturltles up to twelve months. Creditors and provisions Creditors and provi510ns are recognised when the Society has a present obligation resulting from a past event that will probably result In the transfer of funds to a third party and the amount duè to sÈttlÈ the obligation tan bÈ mèasurèd or èstimatÈd rèliably. Crèditors and provisions are normally recognised at their settlement amount after allowing for any discounts due. Pensions All employees 8re eligible to join the Charity s Pension kheme. which is 8 money purch8se defined contribution Scheme cornplying with The Pensions Act 1995. Contribution5 to this scheme are charged to the Statement of Financi31 Activities as they are incurred. Taxation The Society is exempt from Corporation Tax on its charitable activities. Going concern The Trustees 8ss&ss whether the use of the golng concern basis is approprlète and whether there are any rnaterial uncert4intie5 related to events or condition5 that n13y C4St Significant doubt on the ability of the charit8ble company to continue as a going concern. Th& Trustees make this assessment in respect of 3 period of one year from the date of approval of the financial ststements. The financial st4tements have been prepared on a going concern ba515..
14. The Ménière'5 Society Year ended 31 March 2024 Notes tothe Accounts- continued 2. Return of It Payment has beèn made duringtheyear of to a leycy received by the Societyfollowin8the discovery of a new will. 3. Investment Income 2024 2023 Income from Investments Intere5ton cash deposits 4,656 24,974 20,398 17,777 29,630 38,175 4. Staff costs 139,039 10,526 2,959 146,425 10,944 3.503 National Insurance Pensions 152,524 160,872 Duringtheyear there were an average of 3 employees12023.' 41- One employee received remuneration In the range £60,0 to £70,0. For clarity. staff costs are shown within Indirect expenditure 31though 8 proportion relate to charitsble activitie5 in the provision of support to rnembers. No Trustee received any remuneration. mlnl 23,572 13,141 2,993 1,344 1,208 1,398 620 3,626 47,902 27,199 17,048 2,857 6,432 282 1,977 647 2,799 59,241 Accountanc¥3nd professional fees Bank charges and commission Postage, statlonery and miscellaneous Travèl costs Computer, telephone and internet Dppreciation Insurance Inclu(le(l in ?ccountsncy and professional fee5 is auditor's remuneration of £4,02012023.. £3,0601- 5. Research r•mts University College London University of Kent University of Manchester University of Granada, Spain C3mbridge University Hospital University of Exeter- return of funds BSNO prize 135,376 43,201 8,024 1,258 25,270 2S,554 723 41,184 500 177,060 102,584 6. Investment mana er's fees The fees of 5arasin & Partners are charged within rhe Funds at the rate of 0.75% per annum on the value of the portfolio. Thev are reflected in the movement in the value of the funds and amounted to approximately £7,730 in the ye8r12023.. £10,358).
15. The Ménière's Society Year ended 31 March 2024 Notes tothe Ateounts- torbtinued 7. Tan Ible flxed assets ofnce e ment and com uters Cost Cost at l April 2023 16.279 Cost at 31 March 2024 16,279 OÈ At l April 2023 Charge for the year Elimin3ted on di5P05315 At 31 March 2024 13.814 620 14,434 At l April 2023 At 31 March 2024 2,465 1.845 ZOZ4 ZOZ3 8. Investments Market value at beginningof year Acquisitions durin8theyear Disposals durinÉ the year lat value brou8htforwardl 1,349,471 1,412,543 1687,5001 59,918 163,0721 Market value atend of year Historical cost85 at year end 721,889 660,585 1,349,471 1,347.626 All investrnent5 are held with Sara5in & Partners LLP in the UK. Atthe year end £484,584 was in the Endowments Fund Cla55 AACC 12023.. £1,090,7241, £233,879 wa5 in the Income and Re5erve5 Fund Cla55 A Acc12023.. £255,539) and £3,426 wa5 held in cash 12023.. £3,208). 9. Debto Dèbtors GiftAid Tax refund5 due Other debtors 5,128 3,922 14,018 8,499 11,614 20,113 23.068 10. Creditors Trède creditors Provision for repayment of le¢V Other creditor5 1,783 39,103 622,500 8,962 67,989 69,772 670.565 At the year-end the Society had made commitments to research funding of £48.161 notyet included as research costs.
16. The Ménière'5 Society Year ended 31 March 2024 Notes tothe A¢¢ounts- contlnued l. Fund5 Unrestricted General Unrestricted Programme Unrestricted Toral Restricted Balance at l April 2023 Net Idecreasel/increase Balance at 31 March 2024 290,WO 576.885 1138.0451 438,840 866,885 1138,0451 728,840 38.224 17.0321 31,192 290,(M)O Represented by.. Bank and cash Investments 81,S56 251,857 143,4131 290,(M)O 81,556 690,697 143,4131 728,840 438.840 31.192 438,840 31,192 Restrirted funds Research Westyorkshire Total Expenditure Bal3nce at l April 2023 Income Expenditure Transfer between funds Balance at 31 March 2024 35.837 2,387 38.224 24,284 1186,6811 155,365 31.192 24,284 1179,6491 155,365 17,0321 28.805 2,387 The Programme fund constitutes a Capital fund for use in future research and operation5 to which legacies and other capital balances arefrorn time to time credited as deemed appropriate bytheTrustee5. The unrestricted general fund is the Operating Reserve of the Society. 12. Trustee remuneration and ex nses No Trustee received any remuneration from thecharity. Expen5e5 of £56were reimbursed to Trustee5 in the year12023.. £2381. 13. Retoncili¥tion of netmovemÈnt irb fundsto net eashflowfrom o eratim activities 2024 2023 Net movement in fund5 1145,0771 1752,4741 Add back depreciation ch3rge Deduct interest income Deduct other investment income Decrease/lincreasel in debtors Decrease in stock Increaselldecreasel In creditors 620 124,9741 14,6S61 2,955 2,082 1600,7911 647 117,7771 120,3981 13,1351 11,7461 605.682 NetC35h used in oper3till8 activities 1769,8411 1189,2011 roval ol attounts The Ménière's Society is a reco8nised Charity re8iStÉred with the Charity Commissioners under re8iSterèd number 297246. The accounts and Trustees, reportwere approved by theTrustees on Sep 18, 2024