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← British Orthopaedic Foot & Ankle Society

2025-08-31-accounts

British Orthopaedic Foot & Ankle Society

Registered Charity Limited By Guarantee

REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025

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Charity Number 326114 Company Number 01610491

British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Financial Statements for the period ended 31 August 2025

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025

The Trustees present the report and financial statements of British Orthopaedic Foot and Ankle Society (also known as ‘BOFAS’) for the year ended 31 August 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting 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).

Treasurer’s Report

This financial year been abbreviated to 10 months to bring the financial year back by 2 months (now ending on 31 * August), due to the permanent change in Annual Conference and AGM back to its original November date. The Society has successfully navigated the financial risk of holding two Annual meetings in one calendar year and this shortened financial period.

The Executive Committee was formed and the Education, Scientific and CPC Committees restructured with one Exec member on each committee, to provide oversight and ease of reporting.

This 10-month period year has seen a full suite of BOFAS activities of, including support for fellowships, research grants, bursaries and courses, although within the shortened period, only one UK (London) and one overseas Principles course took place (India). The Footprint Bulletin has generated revenue as we had hoped. The treasury has maintained reserves of £112,500 agreed at the 2022 AGM to ensure sustainability of the society.

Membership The membership continues to grow, and the total is currently 792, comprising 345 full paying consultant members, 113 training grade surgeons, 26 allied health professionals and 108 retired, honorary or overseas members.

Annual Conference The January 2025 conference in Brighton was a success. Overall, the conference generated a surplus of £56,756.77, which as expected was significantly less than last year. Revenue was a little lower and costs significantly higher due to location and hosting two such conferences in one year to mark our 50" Anniversary. A healthy balance had been caried over from last year for this purpose. It is comforting than the upcoming Glasgow conference is set to generate a significantly higher surplus, with approximately £370,000 ofincome already. Once again Allied Healthcare Professional attendance was supported by bursaries.

Procedural Issues The Articles of Association have been amended this year and will be subject to a vote at the AGM on 27" November 2025.

Charitable Activities Both the Educational & Scientific Committees have been able to make substantial awards for prizes, research grants and fellowships with £14,715 given out as prizes and grants, £8,000 in fellowships and £2,700 in bursaries to individuals.

Expenses

We continue to cover the usual expenses of members and invitees that carry out duties on behalf of the society. Jo Millard, our Chief Operating Officer has full signatory authority over the society account.

Accounts

The formal accounts, in draft version, are available for inspection on the website. Hard copies will be available, should they be required, at the AGM. The balance sheet position has reduced modestly from £262,774 to £257,308 due to the shortened 10month reporting period and the costs of running 2 congress meetings in 2025.

Callum Clark BOFAS Treasurer

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Report of the Trustees for the period ended 31 August 2025- continued

British Orthopacdic Foot & Ankle Society Registered Charity Limited by Guarantee

Annual conference

A successful meeting was held in January 2025 in Brighton, including education and scientific meetings and the AGM. A total surplus of £56,756.77 was generated from this meeting, which although less than the usual 20-30% surplus, was expected and planned for in the previous financial period.

BOA Scientific meeting specialist day

As usual the Council and various committees contributed to the British Orthopaedic Association annual congress by organising a specialist day of instructional lectures, overseas guest lectures and scientific presentations.

Objectives and Activities

The objective of the Charity is “to promote the development of Foot Surgery and to advance education, study and research in Foot and Ankle Surgery for the benefit of the public”.

The Society aims to promote and provide continuing professional development of its members, thereby setting standards for the delivery of foot and ankle surgery in the UK. Encouraging funding research is central to the Society’s objectives. In order to achieve this, the Society undertakes the following activities:

How Our Activities Deliver Public Benefit

Our main activities are described below. All our charitable activities focus on the dissemination of education and research through publishing articles, the making of grants and awards to individuals to support research and arranging meetings and conferences.

The Trustees have complied with their duty in Section 17(S) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission in respect of the public benefit.

Who Used and Benefited From Our Services

Through its operations the charity promotes the development of foot and ankle surgery for the benefit of the public at large.

Achievements and Performance

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 training in foot and ankle surgery. This is likely to become more focused in 2026 as BOFAS (through its collaboration with the Royal College of Surgeons of England) is now central and influential in discussions around post-CCT Fellowship training in the UK. The Society has also provided specific help and advice in the ongoing process of revalidation of the medical profession.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025- continued

Similarly, the Society has been active within the European forum maintaining close contacts with the political and educational aspects of foot and ankle surgery on the continent. As a member of EFAS, each full or trainee member receives the Foot and Ankle Surgery Journal which provides comprehensive peer reviewed articles from around Europe. BOFAS also has plans in place to collaborate with the publisher Elsevier and circulate the journal “The Foot” to its members.

Council Three virtual meetings and two formal meetings were held. Many areas of relevance to the Society were discussed, including future activities and strategic collaborations.

Scientific Committee

The primary objective of the Scientific Committee is to promote and support high quality research through the Society for the benefit of patients with conditions affecting the foot and ankle.

Support for Annual Conference Abstract Scoring, contribution to academic content, free paper and poster scoring for conference prizes.

Grants/Surveys

Administration of a competitive research grant programme (see BOFAS website for updated terms and conditions). £14,715 in grants awarded this year. Review of NIHR Grants and support where needed. Results/publications of membership surveys in the last 5 years are available on the BOFAS website.

BOFAS Journal Club Continuation of the successful webinar series.

Contribution to NICE

Review minimally invasive bunion surgery

NHS England GIRFT Academic Fellow Development of a new role involved in developing Ankle Arthritis Networks through liaison with the national GIRFT programme.

BOFAS Research Day Inaugural one-day meeting held at the Royal College of Surgeons of England, bringing together interested researchers from medical and NMAHP backgrounds

PRINTAR (PRosthetic INfection in Total Ankle Replacement) Study A trainee led collaborative supported by BOFAS and expanded to include centres from our EFAS (European Foot and Ankle Society) colleagues. This was a first of its kind collaborative.

Education Committee

The Education Committee has also had a busy 10 months.

Foot and Ankle Principles Course

UK Courses: Fully subscribed and educationally valuable with validated feedback of high quality with consistent scores greater than 4.5/5. Only one course fell within this shortened financial year, subsidised by BOFAS and supported by industry. Places are limited and the course is usually filled within the first 24hrs of application opening. We made adjustments to the format of the programme to improve educational content and pre-course learning. International Courses: The annual joint IOFAS/BOFAS Principles Course was run with the Indian Orthopaedic Foot and Ankle Society in Bangalore, again with excellent feedback.

Advanced Foot and Ankle Forum

One course per year in June organised for the Foot and ankle Fellows of Great Britain. This year held in Newcastle, again subsidised by BOFAS and supported by industry with detailed feedback collected. This includes a cadaveric day with universally excellent feedback.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025— continued

New Consultants Course

This year’s course was delivered in November 2024 in Coventry to impart clinical pearls and advice on performing well as a consultant. This was offered to newly appointed consultants and included a cadaveric training day. The feedback was excellent, and the course will run every other year and from 2026 will have an added F&A Trauma Course.

Arthroscopy Courses

We delivered two courses to train surgeons in the basic and advanced techniques of arthroscopy. Both courses were fully subscribed and received excellent feedback. These were held at the Arthrex Lab in Solihull in July 2025.

Diabetic Courses

We delivered a course to teach the basic principles of diabetic foot and ankle surgery in April 2025 (Milton Keynes). Following excellent feedback, we are considering an additional advanced forum in 2026.

BOFAS Fellowship funding

Travelling Fellowships: We continue to offer Gold, Silver and Bronze fellowships and travelling fellowships up to a total annual budget of £15,000. Awards are given after scoring of a detailed application form with interview as an option if no clear winner, and in this year only £8000 of funds were awarded.

Kar Teoh Travelling Fellowship: From 2025, we will be awarding the Kar Teoh Fellowship in memory of BOFAS member Kar Teoh. This is funded by a donation from Kar’s family and a matching amount from BOFAS. This is awarded for a Europeaninterview astravellingan option Fellowship.if no clearThewinner.amount is £1000. Awards are given after scoring ofa detailed application form with

BOA Future Leaders Programme: We agreed to sponsor 2 places this year, but we borrowed one place from 2026 and sponsored 3 places this year on the above programme due to the high calibre of candidates and interest. We appointed via a competitive application and interview process. We will also be recruiting the PLP winners to help on the BOFAS committees to assist with workload.

BOA Revalidation session

We ran a well-attended session in Liverpool and invited Mr James Calder to deliver the Naughton Dunn lecture.

PROFAS -— Practice Ready Orthopaedic Foot and Ankle Surgery BOFAS/BOA/BJJ Online lecture series aimed at early years Consultants focusing on clinical decision making, case discussion and non-technical skills. One-year course, sessions every other week, expert faculty and interactive discussions. Starts January 2026. Managed and run by BOA/BJJ so no financial cost to BOFAS ~ we provide educational structure and faculty.

Accreditation of UK Foot and Ankle Fellowships

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 offer. This should provide a system of quality assurance to help maintain and improve F&A Fellowships in the UK.

Surgical Simulated training

Wein are exploring methods ofsimulated instruction for our trainees. We are forging a relationship with a company specialising VR/AR training platforms to deliver high quality training material for the early years. There is no financial investment from BOFAS at this time.

BOFAS Global

We have launched BOFAS Global as a sub-committee within Ed Com to oversee international courses and international collaborations. We appointed a Lead, Graham Chuter, in September 2025. The aim is to determine if there is enough global workload with international courses and collaborations to form a full committee in future. This will also enable us to define UK and international budgets and create sustainability for all our courses.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantce

Report of the Trustees for the period ended 31 August 2025- continued

Clinical Practice Committee

BOFAS Clinical Practice Committee was rendered substantive at BOFAS Annual Congress November 2017, according to the Constitution. New members were elected, and Chairmanship confirmed. To reflect the changes in practice and terms of reference of the Committee, it was renamed. The Committee was restructured into Working Groups :

Medical device outcomes registry (MDOR) WG

Working with national GIRFT to establish mandatory MDOR

Ankle Arthritis Network WG

Developing National and Specialty Standards in liaison with BOA/GIRFT

Media and Communications Committee

The Media & Communications Committee is primarily responsible for managing the society's digital infrastructure and external engagement. This encompasses maintaining the website and membership database security. The Media & Communications Director is the Committee Chair and holds the role of Senior Information Risk Owner (SIRO) for the society. This committee supports digital educational output and runs social media campaigns to boost visibility and following. The committee manages the digital logistics for the Annual Meeting, including abstract processing, the event app, and member voting. Important communications to members are made through this committee.

Over the past year, the committee’s work focused on enhancing security, efficiency, and event logistics. Key activities included formalising the SIRO role and implementing the necessary security changes. The committee managed the webinar platforms and the annual meeting platform for streamlined abstract submission and conference management. There was also the development of a cohesive strategy of themed social media campaigns and modernisation of administrative processes. Other key work has included development and automated distribution ofmembership certificates and supporting remote voting for Hustings. These steps have significantly enhanced both our member services and the overall digital resilience of the society.

Financial Review

At the end of the financial year, total charity funds were £257,308 (2024: £262,774). A level of reserves has been set aside as a Designated Reserve to cover various contingencies as set out below. The reserve will be held on a long-term basis to generate aregular income stream.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025

Designated Funds:

Designated Funds:
£
Chang Chen Trust prize -
Costof one year administration -
Twelve months support costs 112,500
112,500

Plans for Future Periods

The society plans to continue subsidising its successful education courses. The international education programme will run under the new BOFAS Global sub-committee. The Society has taken on an ambitious new online education project in conjunction with the BJJ and BOA, which will be commencing in 2026. BOFAS will also be increasingly involved in shaping post-CCT training in the UK.

There are plans for increasing involvement in the development of ankle arthritis networks and governance of ankle replacement surgery in the UK, and continued funding of research focused on the James Lind Alliance research priorities.

Our membership fees have not been increased since 2018, and an analysis of the membership fees of other surgical societies in the UK, Europe and Worldwide has concluded that BOFAS will need to increase its membership fees. This will generate an additional c. £27,000 membership income. Continued financial security will lead to provision of increasing grants and awards in education and research.

Reference and Administrative Information

CHARITYNAME: CHARITYNAME: British Orthopaedic Foot andAnkle Society British Orthopaedic Foot andAnkle Society
TRUSTEES: Mr S Bendail
Mr 8S Hepple
DIRECTORS
CHARITY:		 & TRUSTEES OF THE MrRBrown - (resigned January 2025)
DrAChapman
Mr R Clayton
Mr C Clark
MrM Davies
Mr JHumphrey
MrK Malhotra
Mr JMangwani
MrLMason~(resigned January 2025)
MrH Tanaka
MrD Townsend
OFFICERSOFTHE THESOCIETY: SOCIETY: From 30.01.25 9MrR Clayton President
MrH Tanaka President Elect
Mr JMangwani Secretary
Mr C Clark Treasurer
Chair ofScientific
MrD Townsend Committee
Chair ofEducation
MissA Chapman Committee
Chair ofClinical Practice
Mr JHumphrey Committee
Chair
of		 Media and
MrK Malhotra Communications Committee
Mr JRitchie Co-optedEFAS liaison
MrM Davies Past President
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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025 (continued)

REGISTERED OFFICE : TC Group 22-26 Nottingham Road Stapleford Nottingham NG9 8AA POSTAL ADDRESS: PO Box 209 Bristol BS20 IDL PROJECT MANAGER (RESPONSIBLE Mr C Clark FOR DAY TO DAY RUNNING OF PROJECT): REGISTERED COMPANY NUMBER: 01610491 (England & Wales) REGISTERED CHARITY NUMBER: 326114 INDEPENDENT EXAMINER: M Brady TC Group 22-26 Nottingham Road Stapleford Nottingham NG98AA BANKERS: NatWest Bank plc PO Box 188 40 Queens Road Clifton Bristol BS99 SAD WEBSITE: WWW.BOFAS.ORG.UK Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, not having a share capital and having obtained exemption under the Companies Acts to dispense with the word “limited” as part of the company name. The company was incorporated on 1 February 1982 and registered as a charity on 19 May 1982.

The company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Updated articles of association were approved at the 2017 annual general meeting.

Council Members

The Council is the Executive Body of the Society. Its Members are comprised of; The President, The President Elect, The Immediate Past President, The Honorary Secretary, The Honorary Treasurer, The Honorary Media & Communications Officer and The Chairmen of the Education, Scientific and Clinical Practice subcommittees.

The President Elect, President and Immediate Past President are elected annually 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 the date of their election.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025 — continued

Any officer other than the President shall be eligible for re-election for up to a further three years, no officer may serve continuously for more than six years. The President is ineligible for re-election as President for a period of six years after their term of office ends.

Trustee Induction and Training

The Trustees have been associated with the Charity over a period of time and are familiar with the practical work of this Charity and their responsibilities as Trustees. Any new Trustee undergoes an induction process to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association, the committee and decision making process and the recent financial performance of the Charity

Risk Management

The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Policies are reviewed and updated annually. The annual conference has been identified as the major risk area facing the Charity.

The day to day management of the Society has been delegated by the Trustees. The majority ofthe society’s activities have been overseen by the officers of the society with the administration of the society being subcontracted to Jo Millard, the Chief Operating Officer.

Organisational Structure

The overall strategic direction of the Charity is determined by the trustees, who are assisted by the Council members.

The main Council convenes as required by teleconference on 2-3 occasions per year and in person on 2 occasions per year. Directors and Trustees attend when possible and at least once per year.

The Society now has 792 members, consisting of 545 full paying consultant members, 113 training grade surgeons, 26 allied health professionals and 108 retired, honorary or overseas members.

The President of the Society assumes control of most routine decisions, but any issue of major importance will be discussed amongst the Council and Trustees.

All financial matters are handled via the Treasurer, who intermittently liaises with the Trustees to appraise them of such matters.

At each meeting of the Council, reports from the President, Treasurer and Chairmen of the sub-committees detailing activity since the last meeting are presented and recorded in the minutes.

Sub-Committees

The Society operates the following sub-committees, and the following individuals have served on the sub-committees 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. The committee meets a minimum of four times a year, twice online and twice in person. The minutes are available on the BOFAS website. This is achieved in several ways including:

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025— continued

Membership Mr D Townshend (Chair) Mrs S Johnson-Lynn (Secretary) Mr T Jennison

Mr M Tiruveedhula

Mr D Mahadevan Mr N Vasukutty Mr J Ritchie (co-opted)

Mr C Clark (Treasurer, co-opted)

Education Committee

The Education Committee exists to facilitate teaching of the practice of foot and ankle surgery to members of all grades and allied health professionals, both in the UK and around the world. The committee every two months. The minutes are available on the BOFAS website.

This is achieved in several ways including:

Membership

Ms A Chapman (Chair) Mr M Bhatia

Mr J Carmichael

Mr G Chuter (Secretary)

Mr R Kakwani

Miss N Kelsall Miss J Kohls

Mr K Velmulapalli Mr M Welck Ms A Miller (AHP Rep, co-opted)

Ms M Baker (BOTA Trainee rep, co-opted)

Mr T Koc (Simulation/VR, co-opted)

Mr R Ray (MIS Course, co-opted)

Mr V Dhukaram (Arthroscopic Courses, co-opted) Miss V Currall (Diabetic Course, co-opted)

Mr H Tanaka (President Elect, co-opted)

Clinical Practice Committee

The role of the BOFAS Outcomes Committee is to support the Society and Council in developing suitable processes to collect patient outcome measures.

Responsibilities of the Committee:

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Report of the Trustees for the period ended 31 August 2025- continued

Membership

Mr J Humphrey (Chair) Mr N Makwana (Secretary) Mr T Clough Mr B Hickey Mr R Ray Mr A Goldberg (Co-opted) Mr L Mason (Co-opted) Mr E Wood (Co-opted) Mr T Jennison (Co-opted) MrJ Mangwani (Honorary Secretary/Caldicott Guardian, co-opted)

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Media and Communications Committee

Mr Karan Malhotra (Director) Mr Togay Koc (Secretary) Ms May Labidi Mr Edward Dawe Mr Conrad Lee (Co-opted) Mr Benjamin Lau (Co-opted)

Trustees’ and Directors’ Responsibilities Company Law requires the Council to prepare nancial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the Balance Sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the management committee should follow best practice and:

The Council is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Council is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Council are responsible for the maintenance and integrity of corporate and financial information included on the Charitable Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Related Party Transactions

There were no related party transactions in the year other than those disclosed in notes 4 & 5 of the financial statements.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Other Issues

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 6.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 August 2025 was 545.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) and in accordance with the Special Provisions of Part 15 of the Companies Act 2006 relating to small entities.

On behalf of the Board of Trustees

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Signed Jb ve ceteee eee eaeaeees ven Olle LE
S Bendall S Hepple
Date: Go ¢ Zé. Date: a
Trustee Trustee
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il

Independent Examiner’s report to the Trustees and Directors of British Orthopaedic Foot & Ankle Society

I report on the accounts of the company for the period ended 31 August 2025, which are set out on pages 15 to 20.

Responsibilities and Basis of Report

As the charity’s Trustees (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) and Charities Act 2011.

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 your 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.

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that [am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Independent Examiner’s Statement

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:-

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.

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Matt Brady
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HOCA

TC Group 22-26 Nottingham Road Stapleford Nottingham NG9 8AA

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Statement of Financial Activities (Including Income and Expenditure Account) for the period ended 31 August 2025

Unrestricted Restricted Total
Funds Funds Funds
Notes 2025 Restated
2024
(All unrestricted)
£ £ £ £
INCOME
Membership and Activities 2 93,559 - 93,559 88,042
Other Income 2 156,923 2,500 159,423 187,222
Income from Charitable Activities:
Conference Income 2 380,518 - 380,518 474,662
TOTAL INCOME 631,000 2,500 633,500 749,926
EXPENDITURE
Expenditure onCharitableActivities 3 601,249 ~ 601,249 636,633
Support Costs 3 37,717 - 37,717 30,398
TOTALEXPENDITURE 638,966 - 638,966 667,031
NETINCOMEAEXPENDITURE)
ANDNET MOVEMENT INFUND
FORTHEYEAR (7,966) 2,500 (5,466) 82,895
RECONCILIATION OF FUNDS:
TOTALFUNDSBROUGHT
FORWARD 262,774 - 262,774 179,879
TOTAL FUNDS CARRIED 11&
FORWARD 12 254,808 2,500 257,308 262,774

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee (No. 01610491)

Balance Sheet as at 31 August 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Notes|2025|2024| |£|£|£|£| |FIXED ASSETS| |Tangible|Assets|8|1,358|1,715| |CURRENT|ASSETS| |Debtors|9|176,215|128,738| |Cash|at Bank|and|in Hand|379,292|372,655| |$55,507|$01,393| |CREDITORS:|Amounts|falling|due|within|one|year|10|299,557|240,334| |NET CURRENT ASSETS|255,950|261,059| |NET ASSETS|£|257,308|£|262,774| |THE FUNDS|OF THE|CHARITY:| |UNRESTRICTED FUNDS| |General|funds|11|&|12|142,308|150,274| |Designated|funds|13|112,500|112,500| |254,808|262,774| |RESTRICTED FUNDS|11|&|12|2,500|-| |TOTAL CHARITY|FUNDS|£|257,308|£|262,774|

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The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025,

No notice has been deposited under Section 476 of the Companies Act 2006 in relation to its financial statements for the financial period.

The Directors acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ONBEHALF OF THE BOARD:

Director ~ C Clark zt Approved by the Directors of the Company and Trustees of the Charity on Bff beeeeeeeees

The notes on pages 15 to 20 form part of these financial statements.

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Notes to the Financial Statements for the period ended 31 August 2025

British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

STATUTORY INFORMATION

British Orthopaedic Foot & Ankle Society is a private limited company, limited by guarantee, registered in England and Wales. The company’s registered number and registered office address can be found on the company’s information page.

  1. ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

a) Basis of Preparation

The financial statements have been prepared in accordance with the Accounting and Reporting 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 1 January 2015) — (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

These financial statements cover the period from 1 November 2024 to 31 August 2025, a period of 10 months. The comparative figures are for the 12 months ended 31 October 2024. The reporting period was shortened to align the charity’s year-end with the date of its Annual General Meeting. Accordingly, the figures for the current period are not directly comparable with those of the previous year.

The Charity meets the definition of a public benefit entity under FRS102.

The accounts are prepared on a going concern basis. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

The principal accounting policies adopted in the preparation of the financial statements are as follows:

b) Income Recognition Represents subscriptions 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 recognised in the period in which they are received. No adjustment is made for unexpired subscriptions at each year end.

c) Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred.

Expenditure includes VAT which is not recoverable.

d) Interest Receivable Interest is included when receivable by the charity.

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British Orthopaedic Foot & Ankle Society

Registered Charity Limited by Guarantee

Notes to the Financial Statements for the period ended 31 August 2025- continued

Unrestricted funds are subscriptions and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the Council for particular purposes.

Restricted Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

All tangible fixed assets purchased that have a cost of more than £500 and an expected useful economic life that exceeds one year are capitalised. Tangible fixed assets are stated at historical cost less depreciation.

Depreciation is provided at the following rates to write off the cost of fixed assets over their estimated useful life.

Office Equipment

25% reducing balance

i) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Financial Instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measure at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate using the effective interest method.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Notes to the Financial Statements for the period ended 31 August 2025- Continued

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||||||||| |---|---|---|---|---|---|---|---| |2.|Income| |Unrestricted|Restricted|2025|2024| |Funds|Funds|Total|Total| |£|£|£|£| |Membership|93,559|-|93,559|88,042| |Conference Income|380,518|-|380,518|474,662| |Other|Income| |156,923|2,500|159,423|187,222| |631,000|2,500|633,500|749,926| |3.|Expenditure| |Notes|Basis|of|Charitable|Governance|Total|Total| |allocation|Activities|2025|2024| |£|£|£|£| |Costs|directly|allocated|to|activities| |Database|Costs|Direct|25,951|-|25,951|28,533| |Prizes and Research|Grants|15|Direct|14,715|-|14,715|11,600| |Bursaries to|individuals|Direct|2,700|-|2,700|5,300| |Fellowships|to|individuals|Direct|8,000|.|8,000|15,400| |Website|Direct|1,738|-|1,738|2972| |Subscriptions|Direct|35,906|.|35,906|38,901| |Conference|costs|Direct|310,516|-|310,516|305,093| |Annual Course Costs|Direct|139,036|-|139,036|167,100| |Administration|Support|Direct|62,687|-|62,687|61,734| |Support|costs allocated|to|activities|601,249|-|601,249|636,633| |Insurance|Usage|1,296|-|1,296|1,416| |Accountancy|Usage|.|6,140|6,140|5,574| |Professional Fees|Usage|7,500|.|7,500|14,556| |Subscription/ Membership Collection| |Costs|Usage|2,004|-|2,004|1,699| |Office Costs|Usage|20,420|-|20,420|2,963| |Depreciation|Usage|357|.|357|571| |Irrecoverable|Debt|Direct|~|-|-|3,619| |Total Expenditure|31,577|6,140|37,717|30,398|

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Notes to the Financial Statements

for the period ended 31 August 2025 - Continued

  1. Emoluments of Trustees Emoluments received by the Trustees in their capacities as Trustees or the Directors as members of the Board totalled £1,122 (2024 £1,289). There were no other emoluments or expenses paid to any charity trustee or persons connected with such a trustee directly or indirectly from the funds of the Company or from the property of any institution or body corporate connected with the Company.

5. Key Management Personnel Costs and expenses paid to key management personnel in the year totalled £47,591 (2024: £54,388).

- Chief Operating Officer remuneration & expenses £47,221. - Treasurer expenses £370.

  1. Taxation As a charity, British Orthopaedic Foot and Ankle Society is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. The Charitable Company is exempt from Corporation Tax on its charitable activities. The Trustees have reviewed British Orthopaedic Foot and Ankle Society’s activities and are confident that they further the Company’s charitable aims and as such are considered to be primary purpose trading.

7. Movement in Total Funds for the year

2025 2024
£ £
This is stated after charging: IndependentExaminers Fees 5,157 5,157
Accountancy 693 693
5,850 3,850
8. Fixed Assets
Office
Equipment
COST
Balance BroughtForward
Additions		 Forward 7,134
“
Balance CarriedForward 7,134
DEPRECIATION
BalanceBroughtForward Forward 5,419
Charge forthe year 357
Balance Carried Forward 5,776
WrittenDownValue: At31 August2025 1,358
At1November2024 1,715

9. Debtors: Amounts Falling Due Within One Year

9. Debtors: Amounts Falling Due WithinDue WithinWithin One Year
2025 2024
£ £
PrepaidExpenses 25,867 16,578
Prepaid Subscriptions toProms 17,369 12,045
Conference Deposits 132,979 100,115
176,215 128,738
10. Creditors: AmountsFallingDueWithin OneYear
2025 2024
£ £
Accruals 12,696 11,684
Sponsorship anddelegatefeesreceived in advance 286,861 228,650
299,557 240,334
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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Notes to the Financial Statements For the period ended 31 August 2025- Continued

11. Analysis of Charitable Funds

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|||||||| |---|---|---|---|---|---|---| |At 31.08.25|Transfer| |Incoming|Outgoing|Between| |01.11.24|Resources|Resources|Funds|31.08.25| |£|£|£|£|£| |Unrestricted|funds|262,774|631,000|638,966|-|254,808| |Restricted|funds|-|2,500|-|-|2,500| |Total|funds|262,774|633,500|638,966|-|257,308| |At 31.10.24|Transfer| |Incoming|Outgoing|Between| |01.11.23|Resources|Resources|Funds|31.10.24| |£|£|£|£|£| |Unrestricted|funds|179,879|749,926|667,031|-|262,774| |Total funds|179,879|749,926|667,031|~|262,774| |12.|Analysis|of net|assets|by fund| |At 31.08.25|Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Fixed Assets|1,358|-|1,358| |Current Assets|§53,007|2,500|555,507| |Current|Liabilities|(299,557)|-|(299,557)| |Net Assets|254,808|2,500|257,308| |At 31.10.24|Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Fixed Assets|1,715|-|1,715| |Current|Assets|501,393|-|501,393| |Current|Liabilities|(240,334)|-|(240,334)| |Net Assets|262,774|-|262,774|

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13. Purposes of Designated Fund

Designated funds are held to cover a period of 12 months support costs of the charity.

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British Orthopaedic Foot & Ankle Society Registered Charity Limited by Guarantee

Notes to the Financial Statements For the period ended 31 August 2025— Continued

14. Limited Liability

The British Orthopaedic Foot and Ankle Society is a Company limited by guarantee and every member undertakes to contribute such an amount, not exceeding £1 as may be required in the event of the company being wound-up while he is a member, or within one year after he ceases to be a member, for payment of debts and liabilities of the company and the cost of winding-up.

15. Prizes and Research Grants

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||||| |---|---|---|---| |2025|2024| |£|£| |Made to|Individuals|1,615|1,600| |Made to|Organisations|13,100|10,000|

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Grants are made to organisations such as universities and hospitals to support authorised research projects.

  1. Related Party Transactions

There are no related party transactions to note (other than in notes 4 & 5).

17. Prior Year Adjustment

During the preparation of the financial statements for the year ended 31 August 2025, the trustees identified a classification error within the comparative figures for the year ended 31 October 2024. Income totalling £61,355 had been recorded within Other Income, when it should have been recognised as Conference Income.

The comparative figures have been restated to correct this misclassification. The restatement has resulted in a reduction of Other Income and a corresponding increase in Conference Income of £61,355 in the 2024 comparative Statement of Financial Activities.

This adjustment does not affect the total income reported for the prior year, nor does it have any impact on the Balance Sheet, net movement in funds, or reserves previously reported.

Restated Analysis of Net Assets between Fund — As at 31.10.24

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|||||| |---|---|---|---|---| |Income|:|As Previously| |As Restated 2025|Adjustment|Stated|-|2024| |Conference|income|474,662|61,355|413,307| |Other|income|187,222|(61,355)|248,577| |Total Funds|661,884|-|661,884|

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