British Orthopa¢di¢ Foot & Ankle Society Registered Charity Limited By Guarantee REPORT AND FINANCIAL sTATEME￿rs FOR THE YEAR ENDED 31 o￿oBER 2024 Charity Number326114 Company Number 01610491 British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee Fin4n¢ial Statements for the y¢gr ¢Dd¢d 31 Oclober 2024 Page Trllste&s' Report i- 10 Independent Examiner's Report Statement of Financial Aetivities 12 Balance Sb¢¢t 13 Notes forming part of the Finaneial Ststements 14-18 British Orthopaedic Foot & Allkle Society Registered Charity Limited by G￿rantee Report of tbe Trustees for the year ended 31 (ktober 2024 The Trust¢es present the re￿rt and fmaneial statements of British (kthopaedic F￿t and Ankle Society (also known as 'BOFAS') for the year ended 31 October 2024 which are also prepared to meet the requirements for a dÈrectors' rew)rt and accounts for Companies Act Purposes. The fmancial statements comply with the Charities Act 2011. the Companies Act 21x16. the Memorandum and Articles of Association, and Accounttng and Reporting by Charities.. Ststement of Recommended Practice app1]￿ble to charittes preparing th¢ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). Treasurer's Re This financial year has seen a full year of activities of BOFAS including 5UPPOrt for fellowships. research grants, bursaries and courses including international courses. There has beeo investhient into n¢w activities including the publication of the Footprint Bulletin which should generaie revenue In 2025. The treasury h&£ mainthined reserves of £112,500 agreed at the 2022 AGM to ensure susthinabllity of the society. em The membership continues to grow. At presenL we have 529 full members and 232 -others" made up of &5s0ciates, affjliates, oveTseas, retiTed and honorary members. Annual C nference The 2024 conference in Belfast was a great success. A Satisfactory surplus of £198,461 was made on the meeting. helped substantially by the conttnued support of industy. It has been possible to keep the registration costs for the AGM at a low level. We have also be¢n able lo continue to support AHP attendance with a number of buT5ary awards. Procedural Issues There have been no constitutional or procedural changes this year. leA ivi Both the Educational & Scientific Committees have been able to make substantial awards for prizes, research grants and fellowships with £9.364 given out as prizes and grants. £4.000 in fellowships and £2,31M) in bursaries lo individuals. We continue to cover the usual expenses of members and invitees that cary out duties on behalf of the so¢iety. Jo Millard, our Chief Operating OITicer h&$ full signatory authority over the society accounL Accoun The fornial accounts, in drafi version, are available for inspection on the website. Hard copies will be available, should they b¢ requirel ai the AGM. The balance sheet position h&s incre&sed to £262,774 from £179,879 to provide a rese￿¢ for the Costs of running 2 congress meetings in 2025. Hiro Tanaka BOFAS Treasurer British Orthopaedie Foot & Ankle Society Registered Charity Limited by GuaraDtee Report of the Trustees for the year ended 31 October 21n4- continued Anllual ¢onference A successful meeting wa5 held in Belfast including education and scientific me¢tings as well as the AGM. A total surplus of £198,461 was generated from this mttting providing sufficient resources for the core activities for the comlog year. BOA Scientific meetin ialisl da The Council and various committees contributed to the BritÈsh Orthopaedic Association annual congress by organis￿8 a specialist day of Instructional le￿￿¢s. overseas guest lectures and scientific pre5enlations. Ob'¢¢tives and Activities The objective of the Charity is 'to promote the developnent of Foot Surgery and to advance education, and research in Foot and Ankle Surgery for the benefit of the public" The Society aims to promote and provide continuing professional developmeni of its members. thereby settino standards for the delivery of foot and ankle surgery in the UK. EncourngiJ)ts funding research is centra] to the Society's objectives. In order to achieve this, the Society undertakes the following activities: Organisatton of an annual scientific meeting as the main educational event. Organisation of inst￿CtiOnal COL￿seS for members of all levels. Organisation of instructional course for allied health prdctitioners of aIl lev¢ls. Maintenance of a websifr providing instructional infonnation for members and relevant clinical infonnation for patienrs. Awards of research grants via the scientifTC wmmittee using a peer review mech8nism. Awards of travelling fellowship5 and bursaries via the educational sub-committee. Continuance of dialogue with the Royal College of Surgeons and the British Orthopaedic AssociatÉon. Membership of the European of Foot & Ankle S(Kiety (EFAS) providing peer reviewed journal. How Our Activities Deliver Public Benefit Our main activities are descnbed below. All our ch3ritabl¢ activities focus on the dffissemination of education and research through publishing articles, the making of grants and awards to individuals to support research and arraDgin8 meetings and conferences. The Trustee5 have complied with thetr duty in Section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission Rn respect of the public benefiL Who Used and Benefited From Our Services Through its operations the charity promotes the development of fwt and ankle surgery for the benefit of the public at large. Achievements and Perfonnance The Society has maintained regular contact with its parent organisations (the British Orthopaedic Association and the Royal College of Surgeons) and through them has played an active role in the direction of teaching and examination in foot and ankle surgery in the UK. Through a dialogue with the Intercollegiate Board of Examiners, the Society has influenced the standards of trdining Èn foot and ankle surgery. The Society has also provided specific help and advice in the ongoing pNKess of revalidation of the medical profession. Similarly, the Society has been active within the European foTUrn maintaining close contacts with the polTti¢al and educational aspects of foot aud ankle surgery on the confinent. As a member of EFAS. each member receives the Foot and Ankle Surgery Journal which provides comprehensive peer reviewed articles from around Europe. British Orthopaedic Foot & Ankle Society Registered Charity Limittd by Guarantee Report of the Trusttts for the year ended 31 O¢tob¢r 2024- Continued Three vir￿al meetings and fonnal meetings were held. Many arw of relevance to the Society were discus￿ kncluding the reorganisation of the main annual sclentific meeting and a fmancial sustainability plan. ientific Commbttee The scientific ￿MMIttee have successfvlly continued to pursue its aitn of promoting high quality research through the society over the last 12 months. UK-Foot Ankle ThromboEmbolism UK.FATE A multicentre national audit on VTE in F&A - EOI from well over l (K) units across the UK. 75 units had initially comrnTtted to colle¢t dats. Thc James Lind Alliance- Next ste It has been previously agreed that 3 out of 'Top IO. prioritie5 will be chosen to provide support for online meetings to keep the workload manag¢able. After several infornjal cfflversations and meetings with clinical academics and interested clinicians. three priorities chosen to work on are How effective are steroid injections in itnproving pain from arthritss in the f(M)t and ankle? What is the best time to start weighi bearing after ankle fuSio￿replaCement surgery. What is the best surgery for bone and cartilage defects in the tslus. These national clinical study groups will lead on developing research questions from these priorities and seek appropriate bjndtng for future trÈals. National Societies Research Leads forum BOA &nitiative to bring research leads of specialist s￿le11¢S together to network and share ideas. BOFAS Journal Club 7 Journal Club w&s successfully delivered on 25 Septemiw 2024. BOFAS Scicorn led 'Think Tank. The vision is to bring clinical academicslresearchers and clinicians under one roof (online plarforni) to refine research questions and communicate with appropriate ￿ndIng bodies for grdnt applications. Memkrship has shown active engagement so far. Granvsurv Resultslpublieations of memEtrship surveys in 1&8t 5 years are available on BOFAS website and are being updated regularly. Grant applications were invited and discussed in the Scientific Commit*e meeting on 2516r24 and outcomes have been communicated ￿ applicants. Upkne on Previ￿lS grdnt applications continues on regular basis. Liaison with NICE Currently. expert consultation on tPl 852. Percutaneous Amage-guid¢d cryoablation of peripheral neuroma for chronic pain is taking place. Education Committee tand les course Fully subscribed and educationally valuabl¢ with validated feedback of high quality with consistent scores greater than 4.515. Two courses in the lasi year subsidised by BOFAS arAd supported by industy. PRaces are limited and the course is filled within the first 24hrs of application opening. We made adjustments to the format of the progrdmme to improve educational content and pre-course leamin In Covoperation with COSECSA (College of Surgeons of Central, Eastern & Southern Africa). we delivered the Prtnciples course in Rwand4 Africa in 2024. this again achieved excellent feedback and we have been invited to Nigeria for next year. In co-operation with IOFAS (Indian Orth(4)aedic F(x)t and Ankle Socicty), wc delivered the Principles course in New Delbi in 2024 with ex¢ellent feedback. We have been invited to Pakistan for next year. British Orthopaedie Foot & Ankle Society Registered Charity Limited b). Gu8rantee Report of the Tru$t¢es for the year ended 31 (ktob¢r 2024- con¢inu¢d nced F£￿t and Ankle Fonlln One course per year in June organised for the foot and ankle fellow5 of Great Britain. This was again subsidised by BOFAS and supported by industy with detsiled feedback collected. This is the fourth time we have adding a cadaveric day with universally excellent feedback. w Consultants c(K￿Se Th¢ third course w&$ deliver¢d in Coventry to impart clinical pearls and advice on perfomiing well as a consultant. This w&$ offered to newly appointed consultsnts and included a cadaveric tTaining day. The feedback w&$ excellent and the course will now be delivered every 2 years. Arthr co We d¢liv¢red two courses to trdin surgeons in the basic and advanced techniques of arthroscopy. Both Courses wcre fully subscribed and received excellent feedback. Diabeti We delive￿d a COUTse to teach the basic principles of diabetic f(x)t and ankle surgery. Following excellent feedback. we are planning an additional advanced course in 2025. BOFAS Fellowshi fiuldin We contsnue to offer Gold, Silver and Bronz¢ fellowships and trdvelling fellowships up to a total annual budget of £15.OlXI. BOA Future Leaders Pr We sponsored I place this year on the above pnwamme. This was a competitive application process and attracted good quality applicants. The cost is £3,9CKI in total. BOA Revalidation session We ran a well-attended session in Birniingham and invited Mr Chris Walker to deliver the Naughton Dunn lethre. In collaboration with the Royal College of Surgeons of England we have developed a framework for reference for applying fellows outlining what each fellowship will off¢r. This should provide a system of quality assurance to help maintain and improve F&A Fellowships in the UK. Simulated tsainin We are exploring methods of simulated instruction for our traine¢s. We are forging a relationship with a company specialising in VRIAR training platfornis in order to deliver high quality training material for the early years. There is no financial investment from BOFAS at this time. British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee Report of the Trustees for the y￿r ¢Dded 31 October 2024- eontinued Clinical Praetict Committee BOFAS Clinical Practice Committee was rendered substantive at BOFAS Annual Congress November 2017, according to the Constitution. New members were elected. and Chairmanship confinned. To reflect the changes in pr4ctice and iernis of reference of the Cornmittee, it was renamed. The CommFttee was r¢stru¢tyred into Worf(ing Groups . Outcomes WG l. Maintenance and enhancement of the BOFAS Registy by . a. Ongoing work with th¢ hosting company (Amplitude) b. Liaising with legal 8dvisor5 via the BOA to ensure GDPR compliance {wnsent fonn Up￿ated) ¢. Exploring additional clinical metrics with Atnplitude d. Working with Amplitl￿e to enhance the rew>rting ￿01$ available for revalidation data 2. Encouragement of BOFAS Members to sign up to and w the BOFAS Regislry a. Newsletters b. Emails c. Provision and maintenance of IG documents on the website d. Providing wtstance to membcrs on receipt of queries 3. Seeking potential mechanisms for mandating Trusts to support use of the Registy including meeting with the National Joint Regislry (NJR) to explore potential for joint working 4. Post of Data Protection Officer IDPO) created; training prnvided and m¢M￿r appointed Ortho aedic Dath Evaluation Panel ODEP ond Com liance BC WG l. Define ODEP rating for new and current TAR working with NJR 2. Develop classifications tional Joint Re is WG l. Working with the NJR developing new NJR fornis and producing aTmual reports 2. Research and publications Medical device outcomes re WG Work with national GIRFT to establish mandatory MDOR Ankle Arthritis Network WG Develop National and Specialty Standards in liaison with BOAIGIRFT Financial Review At the end of the fmancial year, total charity funds were £262.774 {2023' £179,879). A level of reserves h&8 been set aside as a Designat¢d Reserve io cover various contingencies &$ set out below. The reserve will be held on a long-ternl basis to generdte a regular income stream. Desi at¢d Funds.. Chang Chen Trust prize Cost of one year administration Twelve months Tunning costs 112.51X) Britlsh Orthopaedic Foot & Ankle s￿IetY Registered Charity Limited by Guarantee Report of the Trustees for the year ended 31 Oetober 2024 Plans for Future Periods The $￿iety plans to continue subsidising ILS successful education courses. The website has been updated. There is al￿adY a new interface and the society continues to expand this so that it is more compatible with mobile devices and is able to deliver educational ￿nteftL Increasing financial security will lead EO provision of increasing grdnts and awards in education and research. Reference 4Dd Administrative Informatio CHARITY NAME: British Orthopaedic Foot and Ankle Society TRUSTEES: Mr S Bendall Mr S Hepple DIRECTORS OF THE COMPANY: Mr R Brown Mr R Clayton Mr C Clark Mr M Davies Mr K Malhotra Mr J Mangwani Mr L Mason MT H Tanaka Mr D Townsend OFFICERS OF THE SOCIETY: F m 07.03.24 Mr M Davies Mr R Clayton Mr J Mangwani MT H Tanaka Mr D Townsend President President Elect Secretary Treasurer Chair of Scientific Cornmittee Chair of Education Committee Chair of Clinical Practice Committee Chair of Media Communications Committee Co-opted EFAS liaison Past President Mr C Clark Mr L Mason Mr K Malhotra Mr J Ritchie Mr R Brown REGISTERED OFFICE . TC Group 22-26 Nottingham Road Stapleford Nottingham NG9 8AA POSTAL ADDRESS: PO Box 209 Bristol BS20 IDL PROJECT MANAGER (RESPONSIBLE FOR DAY TO DAY RUNNING OF PROJECT): Mr H Tanaka British Orthopaedic Foot & Ankle Society Regi51ered Charity Limited by Gu2rantet Report of the Truslees (or the ye¥r ended 31 October 2024 {eontinued) REGISTERED COMPANY NUMBER: 01610491 (England & Wales) REGISTERED CHARITY NUMBER: 326114 INDEPENDENT EXAMINER: J Liptrott TC Group 22-26 Nottingham Road Stapl¢ford Nottingham NG9 8AA BANKERS: Natwest Bank plc POBOX 188 40 Queens Road Clifton Bristol BS99 SAD WEBSITE: WWW.BOFAS.ORG.UK Structure Governanee and Man ement Governi Document The organisaiion is a chariiable company limired by guarantee. not having a share capital and having obtained exemptt.on under the Companies Acts to dispense with the word -limited" as part of the company name. The company was incorporated on l February 1982 and registered &$ a charity on 19 May 1982. The company was established under a Memorandum of Association which established the objectives and powers of the cFwitable company and is governed under its Articles of Association. In the eveni of the company being wound up, members are required to contribute an amount not eXc￿lIng £1. Updated articles of association were approv￿ at the 2017 annual generdl meeting. Council Mem The Council is the Executive Body of the S(Kiety. Its Members are comprised of: The PresidenL The Pre5id¢nt ElecL The Immediat¢ Past PresidenL The Honorary Secretary. The Honorary Tr￿sUrer, The Honorary Media & Commwiication5 o￿l¢cr and The Chairnien of the Education, Scientific and Clinical Prnctice sulxommittees. The President ElecL President and Immediate P&%t Presidetit are ele¢ted annualty at the Annual General Meeting and commence office on that date. The remaining officers are elected at the Annual General Meeting for a three year term of office, commencing on th¢ date of their election. Any officer other than the Prestdent shall be eligible for re*lection for up to a fijrther three years. no officer may serve continuously for more than six yeaTS. The President ts ineligible for re-election as President for a period of six years after their temi of office ends. Trustee Induction and Trainin The Trustees have been associated with the Charity over a period of tiEne and are familiar with the practRcal work of this Charity and their responsibilities as Tn￿tees. Any new Trustee undergoes an induction process to brief them on their legal obllgations under Charity and Company Law. the content of the Memorandum and Articles of AssociatTon. the committee and decision making process and the recent fmancial ￿￿rfOrnian¢e of the Cbarity British Ortbopaedle Foot & Ankle Soctety Registered Charity Limited by Gu4rantee Report of the Trustees for the year ended 31 (ktobtr 2024~ ¢ontiDyed Risk Mana ement The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been estsblished to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Policies are reviewed and updated annuaIly. The annual conference h&% been &d¢ntified a5 the major risk area facing the Charity. The day to day manag¢m¢nt of th¢ Socicty h&8 been dele8at¢d by th¢ Tru3tcc3. Th¢ majority of the society's a¢tiviti¢s have been overseen by the officers of the society with the administration of the society being subcontracted to Jo Millard. anisational Structure The overall strategic direction of the Charity 15 detennined by the trustee4 who are assisted by the Council members. The rnain Council convenes &$ required by teleconference on 2-3 occasions per year and in person on 2 occasions per year. Directors and TTUStee5 attend when possible and at l¢ast onc¢ per year. The Society now consists of 529 full paying consultant members. 101 training grade surgeons. 25 allied health profe&sionals and 94 retiTe(L honorary or overse&s members. The President of the Society assumes control of most routin¢ decisions but any issue of major importance will be discussed amongst the Council and Trustees. All fmancial matters are handled via the Tre&8urer. who intemiittently liaise% with the Tnistre5 to apprdise them of such matters. At each meeting of the Council, reports from the PresidenL Tre&surer and Chaim)en of the sub-committees detailing activity since the last meeting are presented and rKorded in the minutes. om The Society operates the following sU￿¢0mMittee4 and the following Individuals have scrv¢d on the sutpcommittees during the year under review. Scientific Committee The Scientific Committee exists to promote and maintain excellence in scientific research related to orthopaedic conditions of the foot and ankle. This is achieved in severnl ways including: Provision of fmancial wi5tan¢e in suitable research projects Organisation of twice-yearly scientific progrdmmes and presentations Liaison with govetnrnental bodies (NICE & MHRA) with regard to nw+V technologies in the field Membershi Mr D Townsend (Chair) Mr T Jennison Ms S Johnson-Lyn Mr M Tiruveedhula Mr D Mahadevan Mr N Vasukutty Mr J Ritchie (Covopted) Mr M Davies (President) Mr J Man8wani (Se¢￿tary) Mr H Tanaka (Trwurer) Mr R cla￿On (President Elect} MT K Malhotra (Media and Communication) Mr R Brown (Ex-Pr¢sident) British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarant¢¢ R¢port of the Trnstees for the year ended 31 Oclober 2024- continued ucation Com The Education Committ¢c exists to facilitate teaching of the practice of f(KTrt and ankle surgery to mcmbers and allied health affiliates. This is achieved in several ways including: Provision of financial assistance for ts7velling fellowships and educational buTSarie5 Organisation of twice-yearly educational progrdmmes including instnlctional lectures and seminars Liaison with national bodies regarding the StsAdards and contenl of training in orthopaedic surgery with relevance to specialty training and revalidation Undertaking twice-ywty traijiing courses for doctors in orthopaedi¢ training Membershi Mr C Clark (Chair) Mr H Davies (Secretary) Mr T Williams (Overseas) Mr G Chuter Mr M Bhatia Mr J Carniichael Mr R Kakwani Mr K Vemulapalli Ms V Currall Mr M Welck Mr V Dhukaram Mr T Koc (Cowopted) Mr M Davies (Presidenl) Mr J Mangwani (Secrethry) Mr H Tanaka (Treasurer) Mr R Clayton (President Elect) Mr K Malhotra Imedia and Communication) Mr R Brown (Ex-President) Clinical Practice Committee The role of the BOFAS Outcomes Committee is to supw)rt the Society and Council in developing suitable processes to colle patient outcome measures. Responsibilities of the Committee.. Collection of data at local level Pati¢nl consent Collection of inforniation into central BOFAS regisiry Infornation governance Publicatton of data Registy funding Liaison with other stakeholders including NJR Be responsible for the long-terni strdt¢gy Membershi Mr L Mason (Chair) Mr N Makwana (Secretary) Mr E Wood Mr T Clough Mr B Hickey Mr J Humphrey MsSJha MrRRay Mr A Goldberg (Co-optrd) Mr M Davies (President) Mr J Mangwani (Secretarylcaldicott Guardian) Mr H Tanaka (Treasurer) Mr R Clayton (President Elect) Mr K Malhotrd (Media & Communication) MT R Bro￿ (Ex-President) Brlttsh Orthopa¢di¢ Foot & Ankle Sociely Regtstered Charlty Limited by Guarante¢ Report of Ihe Trustees for the y￿r ended 31 October 2024- continued edia and ication itt Mr K Malhotra (Director) Mr T Koc (Secretary) Ms M Libidi MrTKoc M5 C Roslee (Cfropted) Trustees, and Director onsibilitles Company Law requires the Council to prepare financial Statements for each financial year which give a thie and fair view of the state of the affairs of the charitsble company as at the Balance Sheet date and of it5 incoming resources and application of resources, including income and expenditure for the financial y¢ar. In preparing those financial statemens, the management committee should follow best pr￿tICe and: Select suitsble accounting policies and then apply them ¢on5iStently Observe the methods and principles in the Charities SORP Make judgements and estimate5 that are reasonable and prudent State whether applicable UK accounting standard havc been followed. subject to any materiBI departures disclosed and explained in the fTnancial statements. and Prepare the financial statemcnts on thc going con¢ern basis unl¢55 it is inappropriate to aswme that the company will continue on that basis. The Council is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial posltion of the ChaTitdble Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Council 15 also responsible for safeguarding the assets of the charitsble ¢ompany and hence for taking reasonable step$ for the prevention and detection of fraud and other irregularities. The Council are responsible for the maintenance and integrity of corporate and financial infornation included on the Charitable Company's website. Legislation in the Untted Kingdom governing the prepaTation and dissemination of fmancial statements may differ from legislation In other jurisdictions. I ted Par Transa There were no Telated party trans&ctFons in the year. Other Issu Members of the Council, who are directors for the Purpose of Company Law and Trustees for the purpose of Charity Law, who served during the year and up to the date of this report are set out on page 7. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable ompany in the event of winding up. The total number of such guarantees at 31 October 2024 was 529. This report has been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charitie5 {SORP 2015) and in accordance with the Special Pmvi5ions of Part 15 of the Companies Act 2006 relating to small cntities. On behalf of the Board of Trustees Signed.. Signed.,. S Bendall Dats: 24 J Date- Trustee Trustec io British Orthopedic Foot & Ankle Society Registered Charity Limited by Guarantee Independent Eiaminer's report to the Truslees and Director5 of British Orthop4edic Foot & Ankle Society I report on the accounts of the company for the year end￿ 31 October 2024. which are set our on pages 12 to 18. Respective Respon$ibilitie5 of Trnslees and Examiner Th¢ trustees and the directors for the putpose of company law you are responsible for the preparation of the accounts. The trustees and its directors consider that an audit is not required for this year under seciion 144(2) of the Charities Act 2011 (the 201 l Act) and tha¢ on Independent Exomination is n¢¢d¢d. Th¢ charity's gross incomc exceeded £25,000 and l am qualificd to undertake the examination by being a qualified memlxr of the Institute of Chartered Accountants in England and Wales. Having salisfied myself that the charity is nol subject to audit under company law and is ¢ligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the 2011 Act. Follow the procedures lard down in th¢ general directions given by the Charity Commission under section 145(5Xb) ofthe 2011 Act State whether particular matters have come to rny attention. Basis of Independent Examiner's Rey)rt My examination was carried out in accordance with the general directions given by the Charity Commission. An examination in¢lud¢s a review of the accounting records kept by the ¢harity and a comparison of the accijunts presented with those records. It also includes Consideration of any unusual itrms or dis¢105ures in the accounts and seektng explanations from you as tnEStees con¢erntn8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Indep¢ndent Examiner's Statement In connection with my examination. no rnatt¢r has come to my attention: l. Whi¢h gives mc reasonable cause to believe tha4 in any matcrial respecL the requirements: To keep accounting recorits in accordance with section 386 of the Companies Act 2006; and To prepare accoEsllts which accord with the accounting records. Comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. Have not been met" or 2. To whicb, in my opinion. attention should be drawn in (rder to enable a proper understanding of the accounts to be reached. 4141 J Liptr FCA, BS¢ TC Group 22-26 Nottingham Road Stapleford Nottingham NG9 8AA British Orthopaedic Foot & Ankle Soctety Registered Charity LimÉted by Guarantee Statement of Financial A¢¢ivitÈes (Including lucome and Expenditure A¢¢ount) for the year ended 31 October 2024 nrestricted Funds Totsl Funds Not¢s 2024 2023 (All ullrejtrlcttd) tNCnMF. Membership and Activities Other Income 88.042 248.577 88,042 248,577 79.087 71.949 Income from Charitable Aclivilies.. Conference Income 413J07 413,307 390,016 TOTAL INCOME 749.926 541 052 EXPENDITURE Expenditure on Charitable Activities Support Costs 631.952 35,079 631.952 35.079 544,127 24.627 TOTAL EXPENDITURE 667031 568.754 NET IIYCOMEI{EXPENDITURE) AND NET MOVEMENT IN FUND FOR THE YEAR 82,895 82,895 (27.702) RECONCILIATION OF FUNDS: TOTAL FifNDS BROUGFrr FORWARD 179,879 179.879 207.581 TOTAL FUNDS CARRIED FORWARD 262.774 262.774 179 879 The statement of fmancial a¢tiviti¢s includes all gains and 10&ses in the year. All incoming resources and resource5 expended derive from coniinuing activities. 12 British Orthop4edic Foot & Ankle So¢ieÉy Registered Chxrity Limtted by Cuar*nt¢e (No. 01610491) Balance She¢t as at 31 October 2024 Notss 2024 2023 FIXED ASSETS Tangible Assets 1,715 2,286 CURRENT ASSETS Debtors Cash at Bank and iii Hand 128.738 144,988 160 853 501.393 240.334 305,841 128248 CREDITORS: Amounts falling due within one year NET CURRENf ASSETS NET ASSETS 261059 262 774 177 593 179 879 THE FUNDS OF THE CHARITY: UNRESTRICTED FUNDS General funds Designated funds 10 12 150.274 112500 67.379 112500 262,774 179.879 TOTAL CHARITY FUNDS 179 879 The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year end¢d 31 October 2024. No notice has been deposited under Section 476 of the Companies Act 2006 in relation ￿ its financial statements for the financial periiKI. The Directors acknowlcdge their responsibilities for. (a) ensuring that the Company keeps accounting records which comply with Section5 386 and 387 of the Companies Act 2006- and (b) preparing financial statements which give a tTue and fair view of the state of affaTrs of the Company as at the end of each financtal year and of its profit or loss for e￿h financial year in a¢¢ordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirernents of the Companies Act 2006 relating to f￿anCIal st&tements, so far applicable to the Company. The financial statements have bcen prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF O ARD: DIT Tanaka 7d/ii2C Approved by the Directors of the Company and Trustees ofthe Charity on ............................. The notes on pages 14 to 18 form part of these fmancial statements. 13 British Orthopaedic Foot & Ankle Soeiety Registered Charity Limited by Guarantee Notes to ¢be Finaocial Statements for the year ended 31 October 2024 STATUTORY INFORMATION British Orthopaedic Foot & Ankle Society 15 a privat¢ limited company, limited by guarantee. registered in England and Wales. Th¢ company's registered number and registered otTi¢e address can be found on the company's Information page. ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting w)licies have been appli¢d consistently throughout the period. 4) Basis of Preparation The financial statements have been pyepared in accordanc¢ with the Accounting and Rewrting by Charities. 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 (FRS102) (effective l January 2015) - (Charities SORP (FRS102)), The Ftnan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companie5 Act 2006. Assets and liabililies are Initially recognised at historica] cost or transattion value unless othenvis¢ sthted in the relevant accounting policy note(s). The Charity meets the d¢finT¢ii)n of a public benefit entity under FRSIO2. The a￿oUnts are prepared on a going concern b&sis. The trustee5 consider that there are no material uncertainties about the charity's ability to continue as a going concern. The principal accounting ￿liCIeS adopted in the preparation of the fmancial statements are as follows: b) Income Recognition Represents Sub￿riptIOnS received. gross bank interest and income from meetings and conferences. The value of services by volunteers has not been included in these accounts. Subscriptions are r￿QgniSed in the period in which they are received. No adjusthient is mad¢ for unexpired subscriptions at each year end. e) EIpenditure Expendits￿e is recognised on an accruals b&8is as a liability is incutted. Expenditure includes VAT which is not recoverable. Charitable expenditure ￿mpriseS those o)sts In￿llred by the charity in the delivery of its activities and services for its beneficiaries. It include5 ix)th costs that can be directly allocated to such activities 8nd those costs of an indirect natsjre necessary to support them. b. All costs are allocated between the expenditure catcgories of the SOFA on a b&sis designed to reflect the use of the resource. Costs relating to a particular activty are all￿￿ted directty" others are apportioned on a usage basis as set out in Note 3. d. Grants payable are recognised in the period in which the offer is conveyed Any gtznt subject to conditions which have not b￿1 met at the balance sl*ei date are noted as a potential commitment. d) Interest Receivable Interest is included when receivable by the Charity. 14 British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guar4ntee Notes to the Financial Statements for tht year ¢Ddcd 3A October 2024 - continued e) Fund Accounting Unre tricted Fun Unrestricted funds are subscriptions and other incoming resources receivable or gencr4t¢d for the objects of the charity without further specified purpose and are available as genernl funds. Desi ted Funds Designated funds are unrestriaed funds emaTked by the Council for parti¢lllar PUTposes. Restrieted Funds Restricted funds are to be used for specifi¢ PUryK)ses as laid down by the donor. Expenditure which meets this criteria is charged to the fund. Donated Services and Facililies Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been mel Ihe receipt of economlc benefit for the use by the charity of the item is probably and that ecorlomic benefit Can be M￿￿red reliably. On receipc donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity Wo￿ld have been willing to pay to obtsin services or facilities of equivalent economic benefit on the open market. a corresponding arnount is then recognised in expenditure in th¢ periTrl of receipt. g) Fixed Awts All tangible fixed assets purchased that have a cost of more than £500 and an ex￿cted useful economic life that excee(ts one year are capitalised. Tangible r￿ed assets are stated at historical cost less depreciation. Depreciation is provided at the following rates to wrile off the cost of fued assets over their estimated use￿[ life. Office Equipment 250/• reducing balance h) Debtors Trade and other debtors are recognised at the settlement amount duc after any trade discount offered. Prepayments are valued at the amount prepakd after taking accowit of any trade diwunts due. i) Casb at bank and in hand Cash at bank and cash in hand includes cash and short terni highty liquid invesknents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. l) Creditor5 and Provisions Creditors and provision5 are rKogniscd wher¢ the charity has a present obligation r￿ultIng from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation Can be rneasured or estimated reliably. Credttors and provisions are no￿allY rwised at their settlement amount after allowing for any trade discounts due. k) Finaneial Instruments The charity has financial assets and fmancial liabiltti¢s of a kind that quallfy as b&8ic financial instnjments. Basic financial instNments are initially reCo￿1zed at trdnsaction value and subsequently me&sure at their settlement value with the exception of bank loans which are subsequently measured at the C￿Ing value plus accrued Interest less repayments. The financing charge to expenditure is at a constant rate using the effective interest method. 15 British Orthopaedic Foot & Ankle Socitty Registered Charity Limited by Guarantee otes to tht Financial Statements for the year ended 31 (ktober 2024- Continued lllcome UDrestrieted FuDds 2024 Totsl 2023 Total Memb¢rship 88,042 88.042 79,087 Conference Income 413.307 413.307 390,016 Other Income 248 577 749,￿6 248 577 749.926 541052 Expenditurt Not£ Basis or allocation Charitable Activities GovernaDe¢ Totsl 2024 Totsl 2023 Costs directly allocated ¢0 activities Datab&se Costs Direct 28.533 28.533 27,268 Prizes and Research Grants BLtrsaries to individuals Fellowships to individuals Websiie 14 Direct 11,600 5.300 15.400 2.972 38.901 305,093 167.100 11,600 5,300 15,400 2,972 38,901 305.093 14.191 745 D1￿Ct Direct 22,400 3,227 35.840 274,293 109,580 Direct Subscriptions Conference costs DTrect Direct Annual cour￿ Costs Direct 167,100 Administration Support Direct Support costs allocated to #etivities 631.952 631952 544.127 Insurance Usage Usage Usage .416 1,416 1.429 Accountancy Professional Fees 5,574 5,574 14,556 5.952 1.173 14.556 Subscription/ Membership Collection Costs Usage Usage Usage Usage Direct 1.699 2,963 1,699 2,963 4,681 571 3.029 Office Costs 2.283 COO Remuneration 4,681 Depreciation [￿eCOVerable Debt Total Expenditure 571 3.619 761 29.505 5.574 24,627 16 British Orthopaedic F(￿t & Ankle Society Registered Charity Limited by Guarnntee Notes to the Financial Statements for the year ended 31 October 2024- Continued Emoluments of Trustees No emoluments were received by the Trustees in their capacities Tn￿te¢S OT the Directors as rnem￿rs of the Board. There were no other emoluments or expenses paid to any charity trnstee or persons corniected with such a trustee directly or ndirectly frorn the fi￿dS of the Company or from the propety of any instittttion or body corporate connected with the Company. Taxation As a Charity, British Orthopaedic Foot and Ankle Society is exempt from t&K on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the T&Kation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax ¢harg¢s have arisen in the charity. The Charitable Company is exempt from Corpo￿lOn Tax on its charitable activities. The Trustees have reviewed British Orthopaedic Foot and Ankle Society's activities and are confident that they rther the Company's charitable aims and as such are considered to be primary purwse trnding. Movement in Total Funds for the ytar 2024 2023 This is stared after charging: Independent Examiners Fees Accountancy 5.157 693 5292 660 Fixed Assets Offi¢e Equipment COST Balance Brought Forward Additions Balance ca￿led Forward 7.134 DEPRECIATION Balance Brought Forward Charge for the year Balance Carried Forward 4.848 571 Written Down Value: At 31 October 2024 At l Novetnber 2023 1.715 2.286 Debtors: Amounts Fallillg Due Within One Year 2024 2023 Prepaid Expenses Prepaid sUb￿rIptIOns to Proms Conference Deposits Other Debtors 16.578 12.045 100,115 17,154 11,590 112,625 3.619 144 988 128.738 Creditors: Amounts Falling Due Within One Year 2024 2023 Accnjals Sponsorship and delegate fees received in advance 11,684 228,650 240.334 10,374 117.874 128 248 17 British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guaranlee Notes to the Fin¥ncial Statements For the year ended 31 Ottober 2024- Continued io. An8tysÈs of Charitable Fund$ Transfer Between Funds Incomtng Resources Outgoing R¢sources 01.11.23 31.10.24 Unrestricted ￿ndS 179 879 749.926 667.031 262,774 Totsl funds 179 879 749 926 262.774 I l. Attatysis of net assets by lund Uortstrieted Futtds Restrieted Funds Total Funds Net Current Assets 262 774 262 774 12. Purposes of Designated Fund Designated funds are held to cover a period of12 months nmnitig Costs of the charity. 13. Limited LiabilÉty The British Orthopaedi¢ Foot and Ankle S