**Charity registration number SC013965 (Scotland)**
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 7 MARCH 2025**
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of Receipts & Payments|5|
|Statement of Balances|6|
|Notes to the financial statements|7 - 9|
scorrisH SOCIETY OF ANAESTHETISTS
TRUSTEES. REPORT
FOR THE YEAR ENDED 7 MARCH 2025
The trustees present ther annual rewt and financial stalen*nts for the year ended 7 March 2025.
Tha financial statèmonts hav8 boan prèparèd in accordanco with tho accountirvJ policiès sat out in notè 1 to tha
financial statèm•nts and comply wth thè Charity's govèming &)cum•nt. thè Charitiès and Trust•• Invèstmènt
(Scollandl Art 2005, th? Charities Accounts {ScoarlI Regulation5 2008 las amendgdl and 'Accounling and
Reportir@ by Chari(ies'. Statement of Recommended Practice applicable lo charTties preparing their accounts in
accordance with the Financial Reporting Standard apICable in the UK and Republic of Irdand IFRS 1021.
{8ff8ctiv8 1 January 20191.
ObJectlve$ and athllks
Th8 Scottish Secièty of An•th•5 is a Trust •stalSh•d to fUrIr th• UdY of 8ci•nc• and practic• of
anaesthosa.
Th8 past yoar has swn dolivory of 2 successfvl in-person conferences. with oxcdlent attendance and delivery of
educational content. W8 have had 8xcell8nl feedback from th8 conferenc8s, and have continued lo deliver on
thè 'local' naturè of th8 m'n9$, satisfying •duCatal and soual opportunity whilst again minimising
unno¢ossary travèl and onvironmontal cMc¢m$.
In April 2024 we host¢d our Spring m••ting •t Pe••$ Ftydro and this w•s arthr so11 out av•nt. Tho m•èting
turned • small $urplu$ and off¢rod ex¢dlonl v•lue lor d•l¢gal•$. The Winter m¢eting w•$ held In Invom•$s,
and was a joint ms•t#ig with th• Association ofAnaosth•tists. This w••ting was •Jain wo11 aftd.
A$ part of our ¢hantabl• go•l$. w• hav• ¢ontinu¢d our 0¥ndItUre lo support ros•arth, travol and u¢tIonal
grants. A total of £3,945 was award8d in this accountirg year. This is slighdy r8ducod compared lo th8 proviou5
financial year. The discrepancy is due to changing the dates of applicat*?n d8adlines. with tho rost of tho grants
paid in tho next financial y•ar. Grants wore awarded to a mixture of res8arch projects, personal trav81 grants and
sponsorship of aducational 8vants. W• also awartsd applicants vtho Pre$t t1r •ducational work at our
nf•r•nc•s.
The prowous SSA OXO¢Lrtiv¢ investèd x*me funds into • Chjrity ALrtn$•d Invesknent Fund whi¢h initially
show¢d po¢¥ gro due lo th¢ subduod gh)b•l e¢or+tynic wsition in the bm• after tho init1 inve$tmont. Thi$ h•$
improvod ovor Ihg course of Ih¢s finanaal year. The cuont exgculivg aro considering •lloc*ting som• fund$ ~
curr•ntly h•ld in on• of our bu%n•s$ cash acco19- to a ft¥•d l•mi int•t•gt account.
Achlevements and performance
This yoar th8 charity reports a suwus due to a continued sofid membership. trade sponsorship and delegat
f88s from our educatnal ma&tings. As an exutiVe. we have discussed increasing the funds w& allocate in
grants. and wid•nirwJ crit•ria for th•s• award$.
Membership levels rèmain at approximatèty 400 manbers. All new mèMr$ pay their subscription through thè
G¢urdle$s sy$tem, wrth a reducing numbw of members still p•ying by dirert debit. A total of £7,667 was
receNed in membership subscriptions in this financial year. up vjhY on last year.
Research.
resentation and travel awards ran
from £200 - £1.000 were allocated to
I paymen
esurge
con
Inue
o suptx)
na
omy
courso run a
rew&.
Financial ieview
Thè surplus for the year was £14,891. Thg financkil statomonts have boon propared with currant statutory
requirèments and the charity's trust deed. The Princip source of incomè was from subscriptions and
ee4)fÈrÈnett.
Reserves pollcy
In the opinion of the trustees, the chartys assets arg sufficignl for it lo fulfil thè obligations of tho charity. Tha
trusteès considèr thè minimum core njnning cost of thè organisation to bè £1,OlXI.
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 7 MARCH 2025**_
## **Risk Management**
The Trustees have reviewed the major risks facing the charity and have designed suitable procedures and processes to mitigate these risks.
## **Plans for the future**
The next meeting is the Winter meeting with the Royal College of Anaesthetists, to be held in Perth, Scotland on the 17[th ] and 18[h ] November 2025. The Spring meeting is booked for Peebles Hydro on 23[th ] and 24[th ] April 2025.
The executive will consider allocating a proportion of funds (currently in a business cash account) to a fixed rate/ fixed term interest account.
The trustees consider that the assets of the Society will allow us to run the Society without the need for specific fundraising activity.
## **Structure, governance and management**
The charity is a registered unincorporated association, number SC013965 and is governed by its constitution.
## **Current Trustees**
Other trustees during the year
## **Key Management Personnel Remuneration**
The trustees consider the board of trustees to be the key management personnel of the charity in charge of directly controlling the charity on a day to day basis.
All of the Scottish Society of Anaesthetists’ Trustees are appointed or reappointed by the members at our annual general meeting which is held in the spring each year.
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## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 7 MARCH 2025**_
## **Charity Registration Number**
SC013965
## **Contact address**
Scottish Society of Anaesthetists
Glasgow Royal Infirmary Anaesthetic Department
Level 3 Walton Building
Glasgow Royal Infirmary
84 Castle Street
Glasgow, G4 0SF
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' report was approved by the Board of Trustees.
- 3 -
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF SCOTTISH SOCIETY OF ANAESTHETISTS**
I report on the financial statements of the Charity for the year ended 7 March 2025, which are set out on pages 5 to 9.
## **Respective responsibilities of trustees and examiner**
The Charity’s trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- (ii) to prepare financial statements which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations;
have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
on behalf of Thomson Cooper Accountants 3 Castle Court Carnegie Campus Dunfermline KY11 8PB
Dated: 1 December 2025
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## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
## _**FOR THE YEAR ENDED 7 MARCH 2025**_
|**Notes**
**Receipts**
Charitable activities
**2**
Other trading activities
**3**
Investments
**4**
**Total receipts**
**Payments**
Charitable activities
**7**
**Net Receipts/(Payments)**|**Total**
**2025**
**£**
43,194
21,082
964
65,240
50,349
14,891|Total
2024
**£**
31,036
19,210
972|
|---|---|---|
|||51,218|
|||30,584|
|||20,634|
- 5 -
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **Statement of Balances**
## _**AS AT 7 MARCH 2025**_
|**Notes**
**Bank and deposit balances**
Bank and deposit balances brought forward
(Deficit)/Surplus in the year
Bank and deposit balances carried forward
**Investments**
Investments at cost
Investments at market value
**Liabilities : Accruals**
**8**
The Accounts were approved by the Trustees on 1 December 2025|**Total**
**2025**
**£**
103,459
14,891
118,350
59,953
59,016
828|**Total**
**2024**
**£**
82,822
20,634|
|---|---|---|
|||103,456|
|||57,859|
|||57,447|
|||828|
||||
Signed for and on behalf of the Trustees
- 6 -
**SCOTTISH SOCIETY OF ANAESTHETISTS**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 7 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Scottish Society of Anaesthetists is a Trust established to further the study of the science and practice of anaesthesia.
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next 12 months. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.1 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **2 Charitable activities**
||**Total**|Total|
|---|---|---|
||**2025**|2024|
||**£**|£|
|Conference Income|43,194|31,036|
## **3 Other trading activities**
|Membership subscriptions
Merchandise income
Sponsorships and social lotteries
Other trading activities|**Total**
**2025**
**£**
7,667
15
13,400
21,082|Total
2024
£
7,821
20
11,369|
|---|---|---|
|||19,210|
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## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 MARCH 2025**_
|**4**
**Investments**
Bank Interest
**5**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
**6**
**Trustees**||**Total**
**2025**
**£**
Total
2024
£
964
972
**2025**
**2024**
**£**
**£**
971
792|
|---|---|---|
||||
Total reimbursement payments were paid to trustees as follows:
£nil (2024: £63) £nil (2024: £336) £nil (2024: £60) £440 (2024: £1,207) £394 (2024: £99) £60 (2024: £216)
## **7 Charitable activities**
|Conference/Events Expenses
Trainee Prizes/Awards
Stationery/Postage
Travel/Research Grants
Website Expenditure
Committee expenses
Share of governance costs (see note 8)|**Total**
**2025**
**£**
44,257
60
162
3,945
60
894
49,378
971
50,349|**Total**
**2024**
**£**
19,802
-
-
7,410
600
1,980|
|---|---|---|
|||29,792
792|
|||30,584|
- 8 -
## **SCOTTISH SOCIETY OF ANAESTHETISTS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 7 MARCH 2025**_
## **8 Support costs**
|**Support costs**||||
|---|---|---|---|
|**Support Governance**
**costs**
**costs**
**£**
**£**
Independent Examination
Fee
-
971
-
971|**2025**Support
**£**
971
971|costs
Governance
costs
£
£
-
792
-
792|2024
£
792|
||||792|
All costs have been allocated on a direct basis.
## **9 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **10 Creditors: amounts falling due within one year**
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Accruals|828|828|
## **11 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
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