british hypertension society accounts for the year ended

British Hypertension Society(Registered Charity Number 287635)

Accounts for the year ended31st December 2014

Sinnett & Tansley Limited3 Richfield PlaceRichfield Avenue

ReadingBerkshireRG18EQ

British Hypertension Society

Contents

Charity information

Trustees' "eport

Independents examiner's report

Statement of Financial Activities

Balance sheet

Notes

Page

2-3

7-10

Pagel


General information

Registered chanty number 287635

Secretariat office Hampton Medical Conferences LtdRapier House4-6 Crane MeadWareHertfordshireSG129PW

Independent examiner Sinnett & Tansley Limited3 Richfield PlaceRichfield AvenueReadingRG18EQ


Trustees' Report for the year ended 31st December 2014

The Trustees have pleasure in presenting their Report and Accounts for the period from 1stJanuary 2014 to 31st December 2014. The British Hypertension Society is a registeredcharity, constituted by trjst deed dated 29th November 1983 (No. 287635). The charity isadministered by a management committee, comprising:

President. Professor T MacDonald Other Members: Dr. U MartinVice-President Professor A J Brady Dr C McEnierySecretary: Dr T McCormack Professor C DellesTreasurer: Mrs N Stetson Dr I Mackenzie

There were no changes to the committee during the year

Objects of the CharityIn planning our activities "or the year we kept in mind the Charity Commissions guidance onpublic benefit at our trustees meetings. The focus of our activities remains the promotion andthe advancement of kncwledge and dissemination of information concerning the patho-physiology, epidemiology, detection, investigation and treatment of arterial hypertension andrelated vascular diseases This will have obvious benefits for the general public at large.

Statement of trustees' responsibilitiesCharity law requires the trustees to prepare financial statements for each financial year whichshow a true and fair view of the state of affairs of the charity and its financial activities for thatperiod. In preparing those financial statements, the trustees are required to:

• select suitable accDunting 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 and statements of recommended

practice have been followed, subject to any departures disclosed and explained in thefinancial statements, and;

» prepare the financial statements on the going concern basis unless it is inappropriateto presume that the charity will continue in operational existence.

The trustees are responsible for keeping proper accounting records that disclose withreasonable accuracy at any time the financial position of the charity and enable them to ensurethat the financial statements comply with the Charities Act 2011, the Charity (Accounts andReports) Regulations 2006. and the provisions of the trust deed. They are also responsiblefor safeguarding the assets of the charity and hence for taking reasonable steps for theprevention and detection o* fraud and other irregularities.


Trustees Report for the year ended 31st December 2014(continued)

The trustees are responsible for the maintenance and integrity of the charity and financialinformation included on the charity's website. Legislation in the United Kingdom governingthe preparation and dissemination of financial statements may differ from legislation in otherjurisdictions.

Independent examinerThe trustees intend to ask the existing accountants to undertake the independent examinationof the Trust in the following year.

Signed on behalf of the Trustees

Professor T MacDonaldPresident

Dated.

Independent examiner's report to the Trustees ofThe British Hypertension Society

Registered Charity number: 287635

On accounts for the year ended 31st December 2014Set out on pages 5 to 10

Respective responsibilities of trustees and examinerThe charity's trustees are responsible for the preparation of the accounts. The charity'strustees consider that an audit is not required for this year under section 144 of the CharitiesAct 201 1 (the Charities Act) and that an independent examination is needed-

It is our responsibility to:

• examine the accounts under section 145 of the Charities Act,• to follow ths procedures laid down in the general Directions given by the Charity

Commission (under section 145(5)(b) of the Charities Act), and• to state whether particular matters have come to our attention

Basis of the independent examiner's reportOur examination was carried out in accordance with the general Directions given by theChanty Commission. An examination includes a review of the accounting records kept by thecharity and a comparison of the accounts presented with those records. It also includesconsideration of any unusual items or disclosures in the accounts, and seeking explanationsfrom you as trustees concerning any such matters. The procedures undertaken do not provideall the evidence that would be required in an audit and consequently no opinion is given as towhether the accounts prssent a "true and fair view" and the report is limited to those mattersset out in the statement below.

Independent examiner's statementIn connection with our examination, no matter has come to our attention:

(1) which gives us reasonable cause to believe that in. any material respect, therequirements:

• to keep accounting records in accordance with section 130 of the Charities Act;and

• to prepare accounts which accord with the accounting records and comply with theaccounting requirements of the Charitiss Act have not been met; or

(2) to which, in our opinion, attention should be drawn in order to enable a properunderstanding of :he accounts to be reached.

Dated:Sinnatt & Tansley LimitedChartered Account--:3 Richfield PlaceRicnfield AverReading

Pages

Incoming resourcesVoluntary income: donationsActivities for generating fundsInvestment income;interest on cash deposits

Exchange gain


Statement of financial activitiesfor the year ended 31st December 2014

Unrestrictedfunds

31/12/14Notes £ £

3 30,0354 123,552

1,636141

155,364Resources expended:Charitable activities:Young investigators travel (HBPRCA)BHS prizeWorking parties (Nurses) 345Working parties (Collaborative research) 5.000Working parties (Information service)Working parties (BP monitoring) 61Working parties (Educational) 314Conferences and meetings 5 95,228Information service 40,049

140,997Fundraising activities:"Friends of BHS" meetings 457

Governance activity:Executive committee meetings 3,334Website costsAccountancy 8 1,552Insurance 1.150Legal feesAdministrative service fees 19.146Administrative service costs 2,168Finance costs 144DepreciationSundry 636

28,130Total resources expended

Net incoming (deficit)/surplusReconciliation of funds:Fund balances b/f

169,584

(14,220)

608,736

Unrestrictedfunds

31/12/13

38,426121,125

6.990

166,541

1,354

603590724190253

80,23545,558

129,507

788

6,4961,7871,7051,117

22619,011

1,961279173256

33,011

Fund balances c/f 594,516 608,735


Balance sheetfor the year ended 31st December 2014

Page 6

Notes

31/12/14

£ £

31/12/13

£ £

Fixed assetsTangible assets 9

Current assetsDebtors 10

Short term investmentsand deposits

Cash at Bank

Creditors: amounts falling duewithin one year 11

Net current assets

30,797

509,621

127,748

668,166

73,650

106,009

535,603

62,871

704,483

95,747

594,516 608,736

Net assets

Represented by:

Accumulated fundsUnrestricted

594,516

594,516

608,736

608.736

The financial statements on pages 5 to 10 were approved by the Trustees and signed on theirbehalf by:

Professor T MacDonaidPresident

Dated: o ^n>


Notes to the Accountsfor the year ended 31st December 2014

1. Accounting policies

1.1 Basis of AccountingThe financial statements have been prepared under the historical cost convention withthe exception that investments are valued at market value. The financial statementshave been prepared in accordance with the Statement of Recommended Practice:Accounting and Reporting by Charities (SORP 2005) issued in March 2005. UKAccounting Standards and the Charities Act 2011.

1.2 Tangible fixed assets and depreciationAll assets costing over £500 are capitalised.

Depreciation is provided at rates calculated to write off the cost of valuation lessresidual value of each asset over its expected useful life as follows.

Office equipment 33y,% on the reducing balance

There has been no change to the valuation rules and methods of accounting since lastyear.

1.3 IncomeIncome is accounted for when received, but recognised over the period of the serviceprovided, interest is accounted for on a receivable basis.

1.4 ExpenditureExpenditure is accounted for on the accruals basis.

1.5 Foreign currenciesTransactions in foreign currencies are translated at rates prevailing at the date of thetransaction.

2. TaxationThe Trust is a registered charity and accordingly is exempt from taxation on its incomeand gains where they are applied for charitable purposes.

3. Voluntary income donations 31/12J14 31/12/13£ £

Other donation 35 100Corporate donations 30.000 40.000ESH 2012 congress surplus (1.674)

30,035 38,426



(continued)

4. Activities for generating funds 31/12/14 31/12/13£ £

Membership subscriptions 17,392 13,159Validation studies 4,000 11,000Conferences and meetings 102,160 96,966

123.552 121,125

5. Conferences and meetingsThe cost of the BHS annual conference this year was £82,205. Other meetings andmaster classes held, amounted to £11,913.

6. Deferred incomeDeferred income of £31,297, relating to Validation Studies, was carried forward from2013. Of this £4,000 has been released in the year. There were further sales in theyear of £23,703 and costs of £32,000. The balance of £19,000 has been carriedforward to cover the on-going work, and included in creditors falling due within oneyear, see note 11.

7. Employees and remuneration 31/12/14 31/12/13£ £

Number of employees 1

Information Officers Salary 33.994 33,703Bonus 5,000 10,000National Insurance contributions (2014) 690 1.292

39,634 44,995

The Information Officer is employed directly by the University Hospital of LeicesterNHS. The salary is recharged to the Society. A bonus is also paid by the Society.directly to the Officer.

No employees received more than £60.000 in emoluments,



(continued)

Page 9

8. Examining officers fee

Sinnett & Tansley Limited - accountancy

31/12/14£

1,552

31/12/13£

1,705

9. Tangible fixed assets

Cost

At 1st January 2014DisposalAddition

31st December 2014

Depreciation

At 1st January 2014Eliminated on disposalCharge for the year

At 31st December 2014

Net book valuesAt 31st December 2014

At 31st December 2013

10. Debtors

Trade debtorsPrepayments and accrued IncomeVAT recoverable

2014

Total

•

519

519

-

519

519

31/12/14£

24,0882,3264.383

31/12/13£

99.3406.669

106,009



(continued)

11. Creditors 31/12/14 31/12/13

Trade Creditors 2,130Accrued expenses 33,626Malawi funds carried forward 4,689Information Officer's Salary 13,515PAYE and National insurance 690VATBHS validation study (see note 6) 19,000

73,650 95,747

12. Related party transactionsNone of the trustees were paid any remuneration by the charity during the year.

During the year seven (2013: six) of the trustees and committee members werereimbursed expenses in connection with travelling and attendance at meetings. Thetotal amount reimbursed was £5,219 (2013: £4.563).

british hypertension society accounts for the year ended

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