THE ULSTER MEDICAL SOCIETY TRUSTEES ANNUAL REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 MARCH 2024
THE LsfER ME CONTENTS PAGE PAGE Trustees Annual Report 1&2 Independent Examlners Report Recelpts and payments Statement of Assets and Llabllltles
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tnjstees present their annual rep)rt and financial statements for the year ended 31 March 2024 Northern Ireland Charity Number: NIC 104845 CON ACFD LS Dr Geraldine Gallagher Ulster Medical Society Whitla Medical Building 97 Lisburn Road BELFAsr BT9 7BL BOARD The Charity Trustee5 who served during the year or were trustees at the date of the report were: Prof Nigel Hart Dr Athlnyaa Thiraviaraj Dr Robert Stout Dr Andrew Gilliland Dr Carol Wilson Dr Catherine Ritchie PEND EXA James Walla D T Carson & Co 51-53 Thomas Street BALLYMENA BT43 6AZ GOVE GDOC The Society is governed by Its constitution, Page I
THE LsfER MEDI TRusfEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The purpose of the Ulster Medical Society is to improve the care of the sick and to promote and advance health and medical science by widening the education of medical students, doctors and allied health professionals, hence promoting better patlent outcomes. The Soclety is supported by membership fees only and dS not seek other sources of income. Membershlp is open to medical studentsi qualified medical doctors and allied health professionals. The fees for each Individual reflect the level of training, and membership fees vary from no fee to a full annual membership fee of £75.00. The Society achieves the stated purpose of improving health care by l. Hosting a series of Invited lectures throughout the academic year which reflect the health 'theme' as chosen by the sitting president. The lectures are held in hospital or Queen's University premises, and actrss is'hybrid,, either in person or online from home. CPD rtIficateS (Continuing Professional Development) are issued to attendee5. 2. The Society promotes research by collaboratlng with Queen's University and the N Ireland Medical & Dentsl Training Agency in delivering a trainee research dayi at which the Society sponsor prizes ft)r the best oral and poster presentstion, thus recognising and rewarding rewrch excellen. In addition, each formal lecture through the year has an initial opening session designated to allow trainees to present a synopsls of ongoing research. This programme promotes the dissemination of knowledge and inspires innovation. 3. The S¢xiety publishes three issues of the Ulster Medical Journal per year, avallable in printed or digital format, The ISO 4 standard abbreviation of the Journal is 'Ulst. Med. J., The journal covers a spectrum of technologieslperspectives/categories related to medicine. All published articles are peer reviewed. The journal provides a portal for medical and other health care practitioners to publish local medical research, FINANCIAL REVIEW The receipts of the society during the year was £32,087.01 compared to £33,108.53 in the previous year. The payments for the year were £35,084. 12 compared to £36,723.59 in the previous year. sfATEMENT OF TRusfEES RESPONSIBILMES The trustees are responsible for preparing the annual report and the financial statements of the Soclety in accordance with applicable law and generally acpted account practi. As the Society's total income does not exed £250,000, the Trustees have elected under Section 64(3) of the Charities Act (Northern Iland) 2018 to prepare a retripts and payment account and a statement of asts and Ilabilities. The Trustees are responsible for keeplng adequate accounting record5 that are sufficient to show and explain the Society's transactions and disclo with reasonable accuracy at any time its financial position. They are also responsible for safe guarding the assets of the society and hen for taking reasonable steps for the preventlon and detection of fraud and other irregularities. Approved and signed on behalf of the trustees by: Name: ..Professor Nigel Hart.. Signature: Dated: ..6 November 2024............... . Page 2
HE ULSTE EDICAL INDEPENDENT EXAMINER'S REPORT TO THE CHARITYTRUSTEES OF THE USTER MEDICAL SOCIETY I report on the accounts of the Trust for the year ended 31 March 2024, which are set out on pages 4 & 5. Respective responsibilltie5 of charity trustees and examiner As the charlty's trustee5 you are responsible for the preparation of the accounts In accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examlne the accounts under section 65 of the Charltles Act follow the procedures lald down in the general Directlons given by the Commission under settion 65(9)(b) of the Charities Act stste whether particular matters have come to my attentlon. Basis of Independent examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carrled out in accordance with the general Directlons given by the Charlty Comm15slon for Northern Ireland under settion 65{9)(b) of the Charities Att. My examln3tion included a review of the accounting records kept by the charlty and a COTnparlson of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concernlng any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accountlng requlrements of the Charltles Act 4. That there is further Information needed for a proper understanding of the accounts to be reached. Independent examlnerfs statement I have completed my examlnation and have no concerns in respect of the matters (l) to (4) listed above and, In connectlon with following the Directlons of the Charlty Commlssion ft)r Northern Ireland, I have found no matters that requlre drawlng to your attentlon. James Wallace D T Carson & Co Chartered Accountants 51-53 Thomas Street BALLYMENA BT43 6AZ Dated: Page 3
ICAL RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 RECE oci Annual subscriptions Trust reimbursement of lecture fees Annual dlnner Glft ald Mlscellaneous Income 25,975.45 1,457.99 2,380.00 1,387.50 50.00 26,436.00 941.70 3,570.00 1,455.83 0.00 ourna Published abstracts , copyright & subscriptlons Deposlt Interest 650.81 185.26 647.02 57.98 TOTAL RECEIPTS 32,087.01 33,108.53 Honoraria & expenses for speakers Insurance Prlnting, statlonery and postage Bank fees Internet fees Catering Secretarial expenses Junlor Dottor prlzes Miscellaneous and cleanlng Audio Visual expenses Transcriblng Accountancy expenses Dinner expenses Lap top Art valuatlon for Insurance Catalogulng hlstorfal collection Direct Debit Returns 1,861.63 0.00 823.83 140.78 174.47 2,568.20 8,669.92 300.00 16.97 600.00 0.00 1,356.00 4,051.00 0.00 400.00 0.00 1,285.00 3,146.02 298.05 1,032.88 212.52 175.66 1,460,60 6,700.00 250.00 131.86 648.16 0.00 0.00 3,159.60 759.00 1,200.00 2,929.00 0.00 ournal Printing etc Secretarlal & asslstant editors expense5 Publlcation Ethi 11,336.32 1,500.00 0.00 11,869.24 2,565,00 186.00 TOTAL PAYMENTS 35,084.12 36,723.59 RECEIPTS/(PAYMENTS) (2,997.11) (3,615.06) Opening balance 44,557.78 48,172.84 Closing balance 41,560.67 44,557.78 Page 4
LsfER MEDICAL SO srATEMENT OF ASSEfs AND UABILrrIES ATTHE YEAR ENDED 31 MARCH 2024 2024 shatba Danske Bank Ltd 41560.67 ui Computer and dats base me 1147.56 Signed on behalf of the Trustees Name: .Nigel Hart., Signature: Name: .Andrew Gilliland............ Signature: Date of approval: .7111124........
Bank Summary Name Danske Charity Acc FTD BuslnvAcc Account Number Amount 40119164 11,776.24 70286915 25,000.00 90065234 4,784.43 41,560.67