| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| A P A G B I LIMITED |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| A P A G B I LIMITED |
| A P A G B I LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 DECEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 | to | 12 |
| A P A G B I LIMITED (REGISTERED NUMBER: 05933974) |
| REPORT OF THE TRUSTEES |
| for the year ended 31 DECEMBER 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| As per our governing document, the main purpose of the charity is to further the study of the science and practice of paediatric anaesthesia, and the proper teaching thereof, and towards this end: |
| Organise regular scientific meetings. |
| Promote original research in paediatric anaesthesia and encourage its presentation. |
| Provide expert advice to other professional bodies and interested parties on matters pertaining to paediatric | anaesthesia. |
| Encourage national and international links with like-minded groups. |
| Collect and disseminate information regarding paediatric anaesthesia. |
| In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit. |
| Significant activities |
| We held the 51st Anniversary Annual Scientific meeting (ASM) in Newcastle in May 2024. This attracted 280 delegates including some from other countries and received very positive feedback. We again provided a parent and baby facility for the third time. |
| The focus, as usual, was upon education, the sharing of good practice and the presentation of research, and much of the content is accessible to members after the event. |
| We have continued to support the development of patient information resources, in conjunction with the Royal College of Anaesthetists. The online comic of "Dennis the Menace has an Anaesthetic" and undergoes a tonsillectomy, in conjunction with the Beano, which was launched in 2022 has been awarded a special commendation in the BMA patient information awards 2023. These documents are still in use. There has been a further small extension of the project "The A-Team Challenges" and a reward chart to help children and their families prepare for surgery. |
| During the year the various sub committees have continued to work to improve educational material, develop guidelines for better patient care and the Charity has also been able to advise other bodies about paediatric anaesthesia when requested. We have explored and are supporting the development of an app for calculating drug doses in children with obesity and supporting educational videos for regional anaesthesia |
| We have continued to support a small number of regional educational forums in the UK, trainee prizes and educational initiatives. |
| Grantmaking |
| We have funds available for making research grants and continue to participate in the NIAA rounds. Two projects were considered but the decision was made not to fund either in the current form. |
| Volunteers |
| The Charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. |
| A P A G B I LIMITED (REGISTERED NUMBER: 05933974) |
| REPORT OF THE TRUSTEES |
| for the year ended 31 DECEMBER 2024 |
| ACHIEVEMENTS AND PERFORMANCE |
| The Charity has held a successful and well attended 51st Annual Scientific Meeting in Newcastle in May. This was in collaboration with colleagues from the Society for Paediatric Anaesthesia in south Africa, PACSA. The meeting attracted 280 delegates and received very positive feedback. The Charity also held a successful virtual educational and networking Link person meeting in December, which was also well attended and received very positive feedback. The Charity continues to develop new educational material for paediatric anaesthetists to improve the education of trainee doctors, for revalidation for consultants and for the sharing of good practice. Some of the projects which were delayed by the pandemic have been revived and are ongoing. The Charity continues to contribute collective expert opinion when sought by the NHS, RCoA, AoA, RCPCH and other specialist organisations and institutions. |
| FINANCIAL REVIEW |
| Financial position |
| The Charity's main source of income is membership subscriptions from its members which this year totalled £78,786 (2023 - 80,344) based on membership numbers of 922 (2023 - 1,053). |
| Educational prizes were awarded to trainees totalling £950. |
| Charitable donations of £500 were made in May to the Newcastle Team Evie charity after the conference and £2000 to the local organisation committee for their contributions to the organising of the conference. |
| We continue to subscribe to the Journal of Pediatric Anaesthesia as a membership benefit which costs £10,000. |
| A small number of regional meetings received support again in the year. |
| Reserves policy |
| It is the Trustees policy to operate at a surplus each year, wherever possible, and to use these reserves to make grants or donations as approved by the Council. At the year end the Charity held £397,905 in unrestricted funds. |
| FUTURE PLANS |
| Going forward the Charity has successfully reverted to holding physical Annual Scientific Meetings again, as before the Covid pandemic; the next will be the 52nd Annual Meeting in Edinburgh in May 2025, to which we will have invited speakers from the Society for Pediatric Anesthesia from USA. The usual reduced rates for all members and early bookers will apply, and the recently introduced initiative of free registration for all delegates applying from countries defined as non-high-income economies will continue, in addition to a newly introduced category to encourage operating department practitioners to attend. There are venues organised for the next five years from departments interested in hosting from throughout the UK and Ireland. |
| The Charity intends to complete the ongoing upgrade of the current website and also replace the existing member engagement system. Two companies have been working through 2024 to deliver this work, and part payments were made in 2024 towards this project. |
| The Charity has also engaged a new professional conference organiser who have started the work to running the 2025 ASM in Edinburgh. |
| Support for regional meetings, whether physical or virtual will continue, as will provision of trainee prizes and educational grants for paediatric life support courses. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| A P A G B I LIMITED (REGISTERED NUMBER: 05933974) |
| REPORT OF THE TRUSTEES |
| for the year ended 31 DECEMBER 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Recruitment and appointment of new trustees |
| Elected Directors (Trustees) will be elected by postal ballot and be directors of APAGBI. All bar the Trainee Member shall be elected from the Full Members and Honorary Members of APAGBI. The Trainee Member will be elected from amongst the Trainees Members of APAGBI. |
| The Council will elect a President, a Secretary and a Treasurer, these will be known as "Special Office Holders". The President Elect, Immediate Past President, Immediate Past Secretary and Immediate Past Treasurer shall also be Special Office Holders. Special Office Holders shall also be Directors of APAGBI. |
| If an Elected Director is appointed a Special Office Holder, he shall cease to be an Elected Director, but remains a Director of the Company and an election for a replacement Elected Director will be held in accordance with Article 9.6 of the Articles of Association. |
| Organisational structure |
| The board of trustees together with co-opted members and a lay person form the council of the charity. The members of the council meet quarterly and have responsibility for all strategic decisions of the charity. |
| Induction and training of new trustees |
| APAGBI run regular charity governance workshops, to which, all council members (Trustees), are invited. These are attended as and when necessary. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Thomas Barrie & Co LLP |
| Atlantic House |
| 1a Cadogan Street |
| Glasgow |
| G2 6QE |
| A P A G B I LIMITED (REGISTERED NUMBER: 05933974) |
| REPORT OF THE TRUSTEES |
| for the year ended 31 DECEMBER 2024 |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| A P A G B I LIMITED |
| Independent examiner's report to the trustees of A P A G B I Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes 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'). |
| 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. |
| 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: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts 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 accounts 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. |
| Martin Greig BA CA |
| The Institute of Chartered Accountants of Scotland |
| Thomas Barrie & Co LLP |
| Atlantic House |
| 1a Cadogan Street |
| Glasgow |
| G2 6QE |
| 25 September 2025 |
| A P A G B I LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| for the year ended 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Raising funds | 4 |
| Charitable activities |
| Other |
| Total |
| Net gains on investments |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 508,249 |
| A P A G B I LIMITED (REGISTERED NUMBER: 05933974) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 9 |
| Unrestricted funds | 508,249 |
| TOTAL FUNDS | 508,249 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| A P A G B I LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 DECEMBER 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
| The presentational and functional currency of the financial statements is Pounds Sterling (£) |
| The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Going concern |
| After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. |
| Critical accounting judgements and key sources of estimation uncertainty |
| In preparing these financial statements, the trustees are required to make judgements, estimates and assumptions that affect the application of the Charity's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. |
| There are no significant judgements or estimates used in the preparation of these accounts. |
| Fixed asset investments |
| Investments are measured at fair value with changes in fair value recognised in profit or loss. |
| Income |
| Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. |
| Subscriptions |
| Income from subscriptions are recognised in the period to which they relate. |
| Delegate Income |
| Delegate income in relation to the attendance at the Annual Scientific Meeting is recognised in the period in which the meeting is held. |
| Grants |
| Grants are recognised when the charity has been notified in writing of both the amount and settlement date. Grants are deferred if terms or conditions must be met before the charity has entitlement to the resources. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| A P A G B I LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 DECEMBER 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| Expenditure |
| Grants |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Financial instruments |
| The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash balances. |
| Creditors |
| Short term trade creditors are measured at the transaction price. |
| Provisions |
| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. |
| 2. | OTHER TRADING ACTIVITIES |
| 2024 | 2023 |
| £ | £ |
| Sponsorships | - | 150 |
| 3. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Other fixed asset invest - FII | - | 354 |
| Deposit account interest |
| A P A G B I LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 DECEMBER 2024 |
| 4. | RAISING FUNDS |
| Investment management costs |
| 2024 | 2023 |
| £ | £ |
| Portfolio management | - | 79 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| 2024 | 2023 |
| £ | £ |
| Trustees' expenses |
| During the year, trustees received reimbursement of expenses for travel and accommodation costs where appropriate. |
| In addition, the Charity received £918 in membership subscriptions from its Trustees. |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Other |
| Total |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| A P A G B I LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 DECEMBER 2024 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted |
| fund |
| £ |
| TOTAL FUNDS CARRIED FORWARD | 508,249 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Accrued expenses |
| 9. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 508,249 | (110,344 | ) | 397,905 |
| TOTAL FUNDS | (110,344 | ) | 397,905 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 244,213 | (354,557 | ) | (110,344 | ) |
| TOTAL FUNDS | ( |
) | (110,344 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 450,534 | 57,715 | 508,249 |
| TOTAL FUNDS | 450,534 | 57,715 | 508,249 |
| A P A G B I LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 DECEMBER 2024 |
| 9. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 350,084 | (293,213 | ) | 844 | 57,715 |
| TOTAL FUNDS | 350,084 | (293,213 | ) | 844 | 57,715 |
| 10. | RELATED PARTY DISCLOSURES |
| Other than expenses outlined in Note 5 to the Accounts, there were no related party transactions during the year. |