The British Association of Aesthetic Plastic Surgeons Charity Accounts

COMPANY REGISTRATION NUMBER: 01970827

CHARITY REGISTRATION NUMBER: 294072

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2024

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .

Reference and administrative details

Registered charity name	The British Association of Aesthetic Plastic Surgeons

Charity registration number	294072

Company registration number	01970827

Principal office and registered	Royal College of Surgeons
office	Lincolns Inn Fields
	London
	WC2A 3PE

The trustees

	J S Ahmed
	A Fateh
	M S K W Ho-Asjoe
	A H F MacQuillan
	R S Nassab
	N F Nugent
	M D Pacifico
	S Rimouche	(Appointed 1 October 2024)
	D Saleh
	R Taghizadeh
	P A Wilson

The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee.

Independent examiner	Hardcastle Burton
	36 Dene Road
	Northwood
	Middlesex
	HA6 2DA

Objectives and activities

Objectives and aims

The objects for which the Association is established are advancement of education in , and the practice of, Aesthetic Plastic Surgery for public benefit, in particular:

a) To promote an interchange of knowledge for the advancement of Aesthetic Plastic Surgery among suitably qualified surgeons.

b) To stimulate training in this aspect of Plastic Surgery among Plastic and Reconstructive surgeons and their trainees.

c) To ensure that Aesthetic Plastic Surgery remains a recognised and respected discipline.

Significant Activities

Educational courses are held regularly by the Association and meetings involving distinguished overseas speakers are organised and promoted. The main meeting in the year is the Annual instruction meeting.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Financial review

The charity made a surplus of £61,407, (2023:£45,899). Reserves stood at £434,992, (2023:£373,585).The charity maintains enough reserves to cover one year's overheads.

Plans for future periods

Other educational meetings and courses are scheduled for the coming year.

The trustees' annual report and the strategic report were approved on 7 September 2025 and signed on behalf of the board of trustees by:

R S Nassab

Trustee

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The British Association of Aesthetic Plastic Surgeons

Year ended 31 December 2024

I report to the trustees on my examination of the financial statements of The British Association of Aesthetic Plastic Surgeons ('the charity') for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

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 the 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. Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Independent Examiner

36 Dene Road Northwood Middlesex HA6 2DA

7 September 2025

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2024

	2024		2023
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Charitable activities	5	669,874	669,874	563,456
Investment income	6	27,391	27,391	21,223
		---------	---------	---------
Total income		697,265	697,265	584,679
		---------	---------	---------

Expenditure

Expenditure on charitable activities	7,8	635,858	635,858	538,780
		---------	---------	---------
Total expenditure		635,858	635,858	538,780
		---------	---------	---------

	---------	---------	---------
Net income and net movement in funds	61,407	61,407	45,899
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	373,585	373,585	327,686
	---------	---------	---------
Total funds carried forward	434,992	434,992	373,585
	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible fixed assets	12	5,463	15,213

Current assets

Debtors	13	117,868	208,235
Cash at bank and in hand		396,547	363,511
		---------	---------
		514,415	571,746

Creditors: amounts falling due within one year	14	81,711	212,675
		---------	---------
Net current assets		432,704	359,071
		---------	---------
Total assets less current liabilities		438,167	374,284

Creditors: amounts falling due after more than one year	15	3,175	699
		---------	---------
Net assets		434,992	373,585
		---------	---------

Funds of the charity

Unrestricted funds		434,992	373,585
		---------	---------
Total charity funds	17	434,992	373,585
		---------	---------

For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 7 September 2025 , and are signed on behalf of the board by:

R S Nassab

Trustee

The British Association of Aesthetic Plastic Surgeons

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Royal College of Surgeons, Lincolns Inn Fields, London, WC2A 3PE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from meeting and training days is recognised in the year in which the events occur. - income from membership fees are recognised in the calendar year. This is classified as unrestricted funds .

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates:

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The charity is a company limited by guarantee.

5. Charitable activities

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
	£	£	£	£
Subscriptions	340,808	340,808	318,190	318,190
Meeting income	301,716	301,716	196,361	196,361
Regional aesthetic meeting	19,550	19,550	28,530	28,530
Other income	7,800	7,800	20,375	20,375
	---------	---------	---------	---------
	669,874	669,874	563,456	563,456
	---------	---------	---------	---------

6. Investment income

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
	£	£	£	£
Bank interest receivable	27,391	27,391	21,223	21,223
	--------	--------	--------	--------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
	£	£	£	£
Promotion of Aesthetic Plastic Surgery	457,950	457,950	370,390	370,390
Support costs	177,908	177,908	168,390	168,390
	---------	---------	---------	---------
	635,858	635,858	538,780	538,780
	---------	---------	---------	---------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2024	Total fund 2023
	£	£	£	£
Promotion of Aesthetic Plastic Surgery	457,950	177,908	635,858	538,780
	---------	---------	---------	---------

9. Net income

Net income is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible fixed assets	9,750	9,868
Operating lease rentals	11,306	7,210
	--------	-------

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	142,402	129,717
Social security costs	391	306
Employer contributions to pension plans	13,904	13,014
Other employee benefits	573	810
	---------	---------
	157,270	143,847
	---------	---------

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees;

No trustees have claimed expenses or had their expenses met by the charity.

12. Tangible fixed assets

	Equipment
	£
Cost
At 1 January 2024 and 31 December 2024	76,260
	--------
Depreciation
At 1 January 2024	61,047
Charge for the year	9,750
	--------
At 31 December 2024	70,797
	--------
Carrying amount
At 31 December 2024	5,463
	--------
At 31 December 2023	15,213
	--------

13. Debtors

	2024	2023
	£	£
Trade debtors	41,740	4,686
Prepayments and accrued income	–	42,547
Other debtors	76,128	161,002
	---------	---------
	117,868	208,235
	---------	---------

14. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	15,247	59,276
Accruals and deferred income	31,741	34,132
Other creditors	10,237	10,237
Other creditors	24,486	109,030
	--------	---------
	81,711	212,675
	--------	---------

15. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Social security and other taxes	3,175	699
	-------	----

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 13,904 (2023: £ 13,014 ).

17. Analysis of charitable funds

Unrestricted funds

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
General funds	373,585	697,265	(635,858)	434,992
	---------	---------	---------	---------

	At 1 January 2023	Income	Expenditure	At 31 December 2023
	£	£	£	£
General funds	327,686	584,679	(538,780)	373,585
	---------	---------	---------	---------