INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY (A … · 2017. 9. 18. · INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR

INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY (A Company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2012

Company No: 03802726

Charity No:1076981

INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY


CONTENTS Pages

Legal and administrative information

Trustees' report 2 - II

Independent auditors' report 12

Statement of Financial Activities 13

Balance sheet 14

Notes forming part of the financial statements 15-23


LEGAL AND ADMINISTRATIVE INFORMATION


Chairman Professor W.P.T. James

Trustees Professor R. Atkinson

Professor W. Coutinho

Professor K-C Huang

Professor I. Noor

Professor J-M Oppert

Dra Ana de Villalobos

Professor D.A. York

Secretary Ms. Chris Trimmer

Executive Director Ms. Chris Trimmer

Company Registered Number 03802726

Charity Registered Number 1076981

Auditors haysmacintyre

Fairfax House

15 Fulwood Place

London

WCIV6AY

Principal Office Address Charles Darwin House

12 Roger Street

London WC IN 2JU

Principal Banker HSBC Bank

156-157 Tottenham Court Road

London

WIP9LJ

Solicitors Bates, Wells & Braithwaite

Cheapside House

138 Cheapside

London

EC2V 6BB

Penningtons Solicitors LLP

da Vinci House

Basing View

Basingstoke

Hampshire RG21 4EQ

IASO is an umbrella organisation for national obesity associations which comprises 53 member associations,

representing 57 countries.


TRUSTEES' REPORT


2

The Trustees, who are also Directors of the Charitable Company for the purposes of the Companies Act, submit their

Annual Report and the audited financial statements for the year ended 31 December 2012. The Trustees have adopted the

provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March

2005 in preparing the annual report and financial statements of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Governing Document

The charity was incorporated on the 8th July 1999 and is a private company limited by guarantee. It is governed by its

Memorandum and Articles of Association dated 8th July 1999 and amended on 13th July 2011.

The charity changed its name from the International Obesity Task Force to the International Association for the Study of

Obesity under a special resolution passed on 26th August 2002.

The charity was registered with the Central Register of Charities with effect II th August 1999.

Recruitment and Appointment of Trustees

The directors of the company are also trustees of the charity for the purpose of charity law, and, under the Articles of

Association, are also known as members of the Executive Committee. Under the requirements of the Memorandum and

Articles of Association, the President, President-Elect, Treasurer and the Secretary are elected by the General Council to

serve for a maximum period of two terms, each four years in duration. The Vice-Presidents for each region are elected by

their respective regional bodies.

Induction of Trustees

When a new trustee is appointed, the charity will provide a copy of the Trustees Pack which includes information on:

• Role and responsibilities of a trustee;

• Mission and objectives of the organisation;

• Legal status and governance;

• Organisational structure and staffing;

• Finance including expense claim rules;

• List of professional advisors;

• Memorandum and Articles

Risk Assessment:

In 2012, trustees and the board of directors of the charity's trading subsidiary continued assessing the financial and

business risk and opportunities for the organisation through regular meetings and teleconference calls. The organisation

also carried out a new strategic review in early 2012 to develop a future business and financial plan.

Organisational Structure

The charity's current Executive Committee is comprised of 8 members, responsible for the strategic direction and

policies of the charity. There are also three sub-committees and two task forces. The sub-committees are: Human

Resource Committee, Finance Committee and Publication Committee. The two task forces are: International Obesity

Task Force (IOTF) concerned with public health policy and advocacy work, and Education & Management Task Force

(EMTF) which focuses on management of the charity's educational programmes.

The sub-committees and task forces report to the Executive Committee on the projects and work they undertake. The

Executive Committee hold regular meetings and teleconference calls to discuss relevant issues and make final decisions

to feed back to the sub-committees and task forces. Relevant senior staff members are also invited to attend certain

meetings in order to facilitate operational details.

The Executive Committee, with support from relevant sub-committees and task forces, considers organisational risk the

charity may face, strategic position and difficulties the organisation may have in achieving its goals. The Finance

Committee examines the financial risk the charity may encounter due to economic downturn. The Human Resource

Committee is active in assessing performance of the staff team at year end and deals with performance issues efficiently.

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TRUSTEES' REPORT (continued)


The Executive Committee delegates the day to day running of the charity to the Executive Director. It also delegates the

operational details of projects to the relevant sub-committees and task forces.

The charity has a wholly owned trading subsidiary, Obesity International Trading Ltd., which helps the charity to run its

various projects.

OBJECTIVES AND ACTIVITIES

The charity's objectives are to promote the preservation and protection of health and relief of sickness for the public

benefit in the field of obesity and its related disorders by:

• promoting research, the dissemination of the results of such research, and exchange of scientific information in

the field of obesity internationally,

• developing a deeper understanding of how to achieve and maintain a healthy bodyweight, and managing and

preventing obesity and its related conditions by those engaged in the study of obesity, healthcare professionals,

health related organisations, governments and the international community.

The aim of the charity is to make an impact on the national and international scientific and policy research agenda so that

better care becomes available for those with weight problems. It strives to improve the understanding of obesity and

related diseases by public health policy makers and general public, in order to preserve and protect public health.

The main objectives in 2012 were to:

• Continue to present the leading scientific information on obesity from across the globe through three journals

• Continue to make presentations and recommendations to international health organisations and governments

• Continue to work with the EU Commission on public health related projects

• Continue to develop the SCOPE educational programme for health professionals

• Continue to improve the performance of the trading subsidiary in order to help the charity run a wider range of

projects and achieve financial diversity

• To establish a portfolio of events to disseminate the knowledge surrounding obesity and its related

comorbidities, encouraging collaboration and knowledge exchange between obesity professionals

To meet these objectives, the charity aimed to consistently apply its existing expertise to improve current projects whilst

seeking new opportunities for development. Accordingly, the organisation continued to implement the strategy developed

and agreed in 2011. The operations of the organisation were also monitored to ensure efficiency and cost effectiveness.

Policy work

In 2012, the charity continued its policy work. Relevant staff and trustees attended various policy meeting hosted by

WHO and the EU Commission. These activities enabled the charity to influence the policy makers on the issue of obesity

and its importance in the public health. A total of £51 ,351 was incurred for policy related work.

Educational work

In 2012, the charity continued its educational programmes. In 2012 the new online obesity education programme was

launched. As well as launching the new e-learning resource, three SCOPE Schools (UK, India and Malaysia) and three

SCOPE accredited courses which took place in Canada and the UK. A total of £351,644 was spent on educational

programmes. In addition, two STOCK Conferences were organised, one in Prague, Czech Republic and one in Montreal,

Canada.

Research work

In 2012, work was undertaken for three EU commissioned projects. These projects were all aimed at helping the EU

Commission to improve obesity related health issues in Europe. A total cost of £96,259 was spent on EU projects.

Governance

Governance work in 2012 related mainly to time spent by the Executive Director on governing issues of the charity

including HR, the meetings of the Executive Committee, advice received from legal experts and the financial audit by

external auditors. In addition, there is an allocation of the time of the Membership and Finance Manager and the Admin

Assistant to support the Association in achieving fulfilment of its statutory responsibilities. A total of £35,940 was spent

on governance in the year.

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OBJECTIVES AND ACTIVITIES (continued)

Fundraising

In 2012, fundraising activities were focussed on building relationships with potential funders and developing projects to

attract funding. In addition, three projects were funded by Novo Nordisk and one by the Coronary Prevention Group. A

total of £183,650 was raised through fundraising.

Congress & Events

In 2012, the trading subsidiary organised a number of SCOPE Schools, one in Cambridge, UK; one in Kuala Lumpur,

Malaysia; and one in Delhi, India. The trading subsidiary also organised two Hot Topic Conferences, one in London,

UK; one in Toronto, Canada.

The Finance Committee actively assessed risks pertaining to the EU Commission's projects and the events organised by

the trading subsidiary, as both activities have major financial implications for the charity. The income and the

expenditure were carefully assessed and adequate funds were made available to cover any possible shortfalls, especially

for EU projects which are only partially funded.

PUBLIC BENEFIT

The Trustees confirm that they have complied with the duty specified in section 17 of the Charities Act 2011 to have due

regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by

the charity.

In particular, the Trustees have considered the issue of public benefit and are satisfied that the charity has met the

following criteria:

1) There must be an identifiable benefit:

The benefits of IASO's work are clear. With regional members, international partners, links to policy makers and

governments, the charity helps influence and transform public health action through practical proposals based on clear

analyses of the best evidence to decrease the burden of obesity and its associated morbidity and morality. IASO enables

health professionals to understand the fundamental biological principles of obesity and the most effective ways of

preventing, managing and treating excess weight.

The charity's objectives are to promote the preservation and protection of health and relief of sickness for the public

benefit in the field of obesity and its related disorders. The work IASO does has a significant impact on the national and

international scientific and policy research agenda so that better care becomes available for those with weight problems.

The work of IASO therefore directly relates to its aims and objectives.

IASO ensures that its educational programme and policy work are based on evidence based scientific research.

2) Benefit must be to the public or a section of the public:

The ultimate aim of IASO's work is to benefit the general public with weight problems. This is achieved through the

educational programme for the health professionals and through practical proposals to health organisations and

governments.

IASO provides its educational programme to an international audience. In order for more people to have access to the e

learning programme, IASO offers the course as a whole or as individual modules. In addition, significant efforts are

being made to source funding to provide a scholarship fund for those from LMICs. IASO also prices face-to-face courses

at a rate that is accessible to the local population. IASO is also making an effort to raise funds to translate its e-learning

programme into other major languages so as to remove barriers to accessing the courses.

In order to improve the general public health, IASO has worked with international bodies such as WHO and EU, and

various governments through its public health policy arm with important proposals and suggestions to assist the

development of public health policies.

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ACHIEVEMENTS AND PERFORMANCE

IASO is an umbrella organisation for national obesity associations which comprises 53 member associations,

representing 55 countries.

1) Publications

In 2012, IASO continued to undertake its scientific publications portfolio which enables the charity to achieve a primary

objective of publishing and disseminating research in the field of obesity to the international community. In 2011 the

editorial offices for the three journals were consolidated in IASO headquarters. This has proved a successful strategic

decision as efficiency has been maximised and processes are streamlined and therefore effectiveness has been increased.

Obesity Reviews is a monthly reviews journal publishing reviews from all disciplines related to obesity. The journal

achieved an Impact Factor of 7.038 in 20\2. It continues to be the top ranked obesity journal (lSI Journal Citation

Reports). It appeals to all professionals with an interest in obesity, most particularly to endocrinologists, cardiologists,

gastroenterologists, obstetricians and also rheumatologists, as well as health professionals working in general medicine

and surgery. Furthermore Obesity Reviews contributes to education and inter-professional developments by producing

pro- and con reviews on current controversies.

Pediatric Obesity is a leading bi-monthly publication that presents the latest research on obesity during childhood and

adolescence. The journal publishes findings that are currently the subject of intense interest to the scientific community

and are of increasing concern to health policy-makers and the public at large. Pediatric Obesity is ranked 12/113 in

Pediatrics (lSI Journal Citation Reports) and attained an Impact Factor of 2.986 in 2012.

The journal of Clinical Obesity was set up in 2010 and was formally launched in 201 I. It is an international peer

reviewed journal publishing high quality translational and clinical research papers and reviews focussing on obesity and

its co-morbidities.

2) Policy and Research

IOTF, the policy arm of IASO, continued its high profile public health policy work on the international stage. In 2012,

the main achievements were as follows:

IASO with its IOTF policy group has become, in 2012, even more involved with global initiatives attempting to stem the

epidemic of childhood and adult obesity across the world. During the course of the year, obesity has been recognised as

one of the single most important risk factors for the major problems of cardiovascular disease, cancers and diabetes.

These, together with chronic lung disease from smoking, account for a huge burden of ill health and premature death and it

is now recognised that this burden is even greater in the low and middle income countries than in the affluent West.

IASO is therefore involved in promoting new initiatives, both at a national level and through the World Health

Organization. IOTF members and staff have contributed repeatedly in Geneva to the development of new policy

initiatives and are now also heavily involved with the Regional Offices of WHO, particularly in Europe, The Middle East

and North Africa and the Americas. In Europe IOTF members and staff have been very involved in helping to develop a

new Nutrition Action Plan for 2014 to 2020 with a particular emphasis on the problem of obesity because in November

2006 European Ministers of Health accepted that obesity was a huge public health challenge, but in addition it was now

important to see how best to help the millions of children and adults who are already handicapped by being overweight or

obese. IASO has therefore been helping to develop detailed analyses of effective policies, with a major emphasis on the

restriction of marketing to children, and the value of regulatory, legislative and fiscal policies. These policies relate not

only to the food chain, but also to the physical environment which is currently so conducive to prolonged physical

inactivity. One of the outcomes of these efforts will be a meeting in 2013 of the National Representatives in Europe

considering the Action Plan and recommendations to be presented to Ministers of Health in 2013. In the Middle Eastern

and North African Region obesity is now so prevalent that it affects 40% of all adult women so it is not surprising that

this region has, on a national basis, the highest diabetes rates in the world. Trustees and IOTF staff are now involved in

driving a new initiative to start preventive measures on a variety of nutritional problems, with the aim of reducing blood

pressure, obesity, diabetes, heart disease and cancer levels. This is a major challenge given that an appreciable number of

countries are politically unstable and in civil conflict. Detailed plans are now being drawn up to help policy makers in

these countries where so little has yet been done. Already childhood obesity is reaching very high levels, with the

implication that the risk of adult diseases will accelerate with the increasing emergence of diabetes in young adults.

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ACHIEVEMENTS AND PERFORMANCE (continued)

The challenge of inducing major changes in the food chain is substantial. This is not only because of the previous, and

sometimes current, problems of malnutrition, but also because many governments have for several decades subsidised the

consumption of sugar and fat, as well as promoting car use and other developments which limit physical activity.

In the American region, IOTF and IASO continue to cosponsor and contribute to the annual Ministerial meetings in

Aruba aimed at accelerating initiatives to prevent children becoming obese. Childhood obesity is a particular problem in

the Caribbean and Mexico where few policy initiatives have been developed. However, IOTF has been contributing to

major initiatives in Chile and Brazil as well as supporting developments in Canada which it is hoped will stimulate more

countries to develop radical preventive policies.

In addition to these international World Health related developments, IOTF members and staff have also been heavily

involved in visits throughout the world. These visits often involve engaging with very senior policy advisors and

Ministers, as well as helping to organise and take part in major national conferences. These initiatives are helped by a

series of analyses and publications which have refined the use of the IOTF cut-off points for childhood overweight and

obesity, have set out new criteria for the restriction of marketing to children and are in the process of developing a

scheme to assess the implementation of different preventive policies within each country.

The IOTF group has also made substantial contributions to developing effective nutrient profiling schemes for defining

the nutritional and health value of different foods so that these criteria can be used not only to restrict the marketing of

inappropriate foods to both children and adults, but also to help governments to develop policies which define which

foods should be sold on their premises or deemed worthy of support. In addition, from a treatment point of view, there

have been detailed analyses by the Education and Management Task Force of the different criteria now used

internationally for specifying whether adolescent children should undergo bariatric surgery for their severe obesity.

These initiatives will need to be extended because the proportion of severely obese children and adults is increasing more

rapidly than one might expect from simple analyses of the increasing obesity epidemic.

The challenge for IOTF and policy-making in both the prevention and management of obesity is now how to convince

governments of the importance of changing societal fiscal and regulatory policies in a progressive and coherent way

when there are such vested interests resisting these changes. Unless the problem is tackled, the evidence is that not only

will the increasing life expectancy seen in many countries be threatened, but obesity-induced disabilities will escalate

even further. Already it is recognised that these disabilities are imposing a major economic handicap on countries and if

the obesity problem is not reversed, then it is unlikely that any country will be able to afford the resulting medical costs.

In 2012, IASO also worked on a number of EU projects in the field of public health policy and advocacy. These projects

were:

ENERGY Project

ENERGY stands for EuropeaN Energy balance Research to prevent excessive weight Gain among Youth. The ENERGY

project undertook a multi-component intervention scheme for I 0-12 year olds along with systematic reviews of the

intrinsic and extrinsic factors that determine energy balance health behaviours. The intervention scheme was designed for

improved capacity to encourage and sustain healthful eating and physical activity behaviours, and the results have been

disseminated among key stakeholders including researchers, policy makers and the general public throughout Europe.

See www.projcctcncrgy.cu for papers and background, and www.up4fun.cu/ for details of the intervention.

The ENERGY project started in February 2009 and concluded in July 2012. An international symposium on the

ENERGY Project was held at ECO, Lyon, in May 2012. Partial funding is provided by the European Commission's

Seventh Framework Programme.

ToyBox Project

The ToyBox project is also part-funded by the European Commission's Seventh Framework programme, and it started in

2010 and is scheduled to finish in 2014. It focusses on pre-school children and uses a multidisciplinary approach to

identify key behaviours related to obesity in early childhood. It is conducting behavioural research to explain why young

children eat the foods they eat and why they do (or do not) participate in physical activity. ToyBox will review and

evaluate behavioural models and educational strategies to identify best practices in changing children's behaviours.

International symposia will report on the progress of the project at the ISBNPA meeting (Ghent, Belgium, May 2013)

and the ICN meeting (Granada, Spain, September 2013).

http://www.projcctcncrgy.cu/

http://www.up4fun.cu/

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Spotlight Project

The Spotlight project was launched in March 2012 and will run for four years. Spotlight stands for 'sustainable

prevention of obesity through integrated strategies'. The project will focus on multi-level interventions designed to

prevent obesity and overweight in adults, and will include systematic reviews and specially-conducted studies of

environmental correlates of obesogenic behaviour, along with surveys of on-going initiatives in the region. The findings

from these surveys will be compiled into an interactive web-atlas of initiatives in the region. Spotlight is part-funded by

the European Commission through its seventh framework programme.

3) Education

The Education and Management TaskForce (EMTF), continued to develop the Specialist Certification of Obesity

Professional Education (SCOPE). In 2011, the EMTF were dedicated to developing new content and a new software

system to establish the Association's international obesity education programme (SCOPE) in the online environment.

The re-launch of the new e-learning programme took place in early 2012.

At the end of 2012, nine months from launch, the e-learning programme had 4,363 people registered to undertake

learning; had 29 people that had purchased a subscription to the whole course; and 175 individual modules purchased.

II SCOPE accredited courses were held throughout the year and continue to be extremely well received by obesity

professionals. These courses included:

a. ASO- Liverpool, UK

b. CON Dieticians Retreat- Halifax, Nova Scotia, Canada

c. CON-ISORAM- Lake Louise, Alberta, Canada

d. CON-PEDS- Vancouver, British Columbia, Canada

e. SCOPE School - Kuala Lumpur, Malaysia

f. Hot Topic -Toronto, Ontario, Canada

g. SCOPE School - Cambridge, UK

h. SCOPE School - Delhi, India

i. IASO Stock Conference- Prague, Czech Republic

j. IASO Stock Conference- Montreal, Canada

k. TOS- San Antonio, Texas, US

4) Events

In 2012, the trading subsidiary organised the 4th SCOPE School Kuala Lumpur, (Malaysia) on the 2"d June with 40

delegates; the Sth SCOPE School in Cambridge (UK) between the 31st August and 2"d September, with over 70 delegates;

and the 6th SCOPE School in Delhi (India) between the 23'd and 25th November with over 70 delegates. The intensive

courses provided the delegates with a unique opportunity to engage with experts in the field and understand new

challenges in obesity management.

The trading subsidiary also organised two Hot Topic Conferences, one in partnership with the Royal College of Nursing,

entitled 'Let's Talk about Weight'. This event attracted over 90 delegates and was held in London (UK). The second Hot

Topic Conference was held in Toronto (Canada) between the 26th and 28th June, in partnership with the Canadian Obesity

Network, entitled Mental Health and Obesity. This event attracted over 190 delegates and one of the outcomes of the

meeting was the Toronto Charter on Obesity and Mental Health, a policy document aimed at governments.

Preparation for the International Congress of Obesity was undertaken in 2012, with the selection of the International

Scientific Committee (ISC), the first meeting of the ISC and the establishment of the nine scientific tracks to be included

in the meeting. In addition, the scientific programme was agreed and the ISC spent the remainder of the year working on

identifying appropriate sessions to take place within the individual tracks and thinking about speakers to invite for those

sessions.

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IASO also held the two STOCK conferences. One in Prague (Czech Republic) between the l21

h and 141h October on

harnessing the beneficial properties of adipogenic microbes for improving human health, and one in Montreal (Canada)

between 2"d to4th November on Brown Adipose Tissue- a human anti-obesity tissue? The STOCK conferences are held

in memory of Mike Stock who made a number of seminal contributions to our understanding of obesity in animal

models. The conference assembles a small group of specialists to discuss an obesity focussed topic, and provides the

opportunity for a number of young scientists to share conference time with experts.

5) Data Portal (previously referred to as Knowledge Management)

During 2012 IASO continued to develop the Data Portal (previously referred to as the Knowledge Management Project) a

web based project to provide a unique online Obesity Knowledge Management System. This was launched in the

second half of 2010 and represents a major new development in the charity's activities. IASO has unique access to

statistics, international policy documents, World Health Organisation (WHO) documents, regulatory documents,

definitions of obesity, risk factor analysis, obesity treatment and drug development guidelines. However, this

information is fragmented and currently unsearchable. The Data Portal will collate and provide access to all key

documents in this disease to inform users of policy and key developments in the field of obesity.

6) Trading subsidiary

IASO continues to develop an income diversification strategy, which reduces its reliance on income from corporate

donations, journal subscriptions and membership subscriptions. IASO's commercial arm, Obesity International Trading

Ltd (OIT) was established in 2005 and is chaired by Dr David York. During 2012, OIT hosted a full programme of

events including Hot Topic Conferences, STOCK conferences and SCOPE Schools.

7) Membership

In 2012, IASO started the implementation of a new software system that will ultimately improve the administration of

membership, events and communications. The main strategic objective of this new software system is to offer the

benefits of membership to IASO's National Member organisations in an accessible format. By developing a Membership

Portal, IASO's National Member organisations can give their individual members access to the range of benefits that

IASO offers and thus add value to membership of their organisations. These member benefits will include discounts on

registration to events; discounted subscription to IASO and IASO affiliated journals as well as access to uniquely

bundled subscription packages; access to unique data, graphs, tables and charts on prevalence data; the ability to update

their personal information and to opt in/opt out of communication from IASO.

8) Plans for the future

In 2013 IASO plans to maintain the highly motivated and effective administration that has been developed in 2012. With

the launch of the new Membership Portal and associated software systems IASO will be able to give members around the

world access to the latest in scientific information, educational materials and policy and advocacy tools. Increasing

access to this information will better enable IASO to meet its aims as an organisation.

IASO will be hosting the 2014 International Congress on Obesity in Kuala Lumpur, Malaysia in partnership with the

Malaysian Association for the Study of Obesity. The aim is to attract 3,000 delegates and to provide them with a vibrant

and high-quality event that enables collaboration and networking across all disciplines.

In addition to holding ICO 2014, IASO will continue to run a full portfolio of events, including SCOPE Schools, Hot

Topic Conferences and STOCK Conferences.

IASO will concentrate on increasing the number of clinicians and allied health professionals gaining SCOPE certification

and the number of SCOPE accredited courses. The Association will also be working to increase the number of SCOPE

partnership agreements with other organisations in order to increase the awareness of the SCOPE programme and gain

access to a broader range of potentia11earners.

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There will be continued focus on fundraising and building relationships with potential partner organisations.

In 2013 IASO aims to have a number of briefing papers available on various policy and management issues as well as an

Obesity Policy Toolkit which will provide anyone who wants to undertake some advocacy work in their country or

influence policy with their local or regional governments.

The activities undertaken during 2012 have helped to extend our reach around the world, and to maintain IASO's primary

role in leading the science of obesity. Our association stands on a solid foundation, but must secure sustained funding to

meet the growing demands we face in a constantly expanding field of scientific inquiry and to continue to fulfil our

objectives.

FINANCE REVIEW

At the end of the year to 31 December 2012 the total funds of the Charity were £860,668. Of this sum, £128,588

represents restricted funds. The overall position of the charity has changed from £1,074,655 in 2011 to £860,668

in 2012. This reduction in funds means that IASO needs to further develop its projects and achieve more income.

The reduction in reserves in 2012 was mainly due to a decrease in the trading activities as there was no international

congress held. The net position for the charitable group was a deficit of £213,987 compared to a deficit of£121,156 in

2011.

At the end of the year a review of our reserves was undertaken. As some of the projects were not fully funded by the

relevant restricted funds, a total balance of £74,631 from the general reserve was used to support the projects. This

resulted in a total free reserve (excluding net book value of fixed assets and designated funds) of £556,670 at the year

end.

The principal income sources and the activities they supported in 2012 were as follows:

a) Trading activities generated an income of £157,881 in 2012 and was matched by the expenditure of £192,455.

The main purpose of the events was to bring the obesity health professionals together for education and

exchange of scientific information.

b) A total sum of £4,797 was received in 2012 for policy work. The total expenditure for the policy work in 2012

was £50,351.

c) A total sum of £89,765 was received in 2012 from the EU Commission for various projects. The total restricted

expenditure for EU projects in 2012 was £96,259. The accumulated unspent income at the end of2012 has been

rolled over to 2013 to cover further project spending.

d) The SCOPE project income for 2012 was £125,400, all of which is unrestricted. The expenditure of £191,274

was financed first by the brought forward restricted reserve of£145,360 which was available for use directly on

the SCOPE project. The remaining of £45,914 was covered by unrestricted income.

Reserves Policy

The trustees have agreed to maintain a reserve policy to retain sufficient funds to cover the operating expenses of the

charity for 2 years. The current reserves plus pledged income is expected to result in the free reserves of the charity

being in line with this policy. This policy also takes into account of commitments of the charity such as rental and legal

expenses relating to the occupation of the premises at Charles Darwin House.

At as 31 December 2012, the free reserves for the group stood at £556,670 (excluding amounts tied up in fixed assets of

£16,090 and designated funds of £159,320). The designated fund has been set up to build up reserves for the Charity's

plan to acquire office premises in the future. The timing to acquire office premises depends on how soon the fund can be

built up and the price of the commercial properties in the market. The reserves policy is reviewed annually.

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Investment policy

The trustees periodically review the policy for investing the funds of the charity. It has been decided that in the current

phase of the IASO's development, the majority of funds be invested safely in relatively liquid investments such as money

market short term, high interest earning deposit accounts, Government Bonds or Securities. The investment policy will

allow for liquid funds of up to £100,000 to address any short-term cash requirements and for a small investment in ethical

Stock Funds.

RESPONSIBILITIES OF TRUSTEES

The trustees, who are also directors of the International Association for the Study of Obesity for the purposes of company

law, 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).

Company law 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 charitable company and the group and of the incoming resources and application of resources,

including the income and expenditure, of the charitable group for that period. 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 UK Accounting standards have been followed, subject to any material departures

disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the

charitable company will continue in business

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time of

the financial position of the charitable company and group and enable them to ensure that the financial statements

comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company

and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the

charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of

financial statements may differ from legislation in other jurisdictions.

In so far as we are aware:

• There is no relevant audit information of which the charitable company and group's auditor is unaware; and

• The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit

information and to establish that the auditor is aware of that information.




AUDITORS

A resolution to appoint Tudor John as auditors will be proposed at the Annual General Meeting.

Approved by the Tru,tee .l.\1..... and 'igned on their behalf by

IY fq{f , e· Professor Philip James

President & Trustee

12

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF


We have audited the financial statements of International Association for the Study of Obesity for the year ended 31

December 2012 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the

Charity Balance Sheet, and the related notes. The financial reporting framework that has been applied in their preparation

is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting

Practice).

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members

those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its

members, as a body, for our audit work, for this report, or for the opinion we have formed.

Respective responsibilities of trustees and auditor

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the

charitable company for the purposes of company law) are responsible for the preparation of the financial statements and

for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the

financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those

standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

This includes an assessment of: whether the accounting policies are appropriate to the charitable company's

circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting

estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the

financial and non-financial information in the Trustees' Report to identify material inconsistencies with the audited

financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the

implications for our report.

Opinion on financial statements

In our opinion the financial statements:

• give a true and fair view of the state of affairs of the charitable company and the group as at 31 December 2012 and

of the incoming resources and application of resources, including the income and expenditure, of the group for the

year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Trustees' Report for the financial year for which the financial statements are

prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from

branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

A m alsey, Senior Statutory Auditor

and on behalf of haysmacintyre, Statutory Auditor(s)

Fairfax House

15 Fulwood Place

London

WC1V6AY

13


STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure account)


2012 2011

Restricted Unrestricted Total Total

Funds Funds Funds Funds

INCOMING RESOURCES Notes £ £ £ £

Incoming resources from generated funds:

Voluntary income

Donations and legacies 2 15,684 15,684 9,801

Activities for generating funds:

Congress and Events 157,881 157,881 163,140

Royalties and other income 3 80,891 80,891 64,160

Investment income

Investment income 3,357 3,357 3,953

Incoming resources from Charitable

Activities:

Policy 4,797 4,797

Education 170,211 170,211 77,234

Research 89,765 95,111 184,876 210,828

Membership 23,523 23,523 27,890

Total incoming resources 89,765 551,455 641,220 557,006

RESOURCES EXPENDED

Costs of generating funds 4

Voluntary income 16,038 16,038 34,919

Congress and Events 192,455 192,455 89,867

208,493 208,493 124,786

Charitable activities: 4

Policy 51,351 51,351 70,733

Membership Services 33,620 33,620

Education 191,274 160,370 351,644 195,037

Research 96,259 77,900 174,159 216,928

Governance costs 4 35,940 35,940 70,678

Total charitable expenditure 4 287,533 359,181 646,714 553,376

Total resources expended 4 287,533 567,674 855,207 678,163

Net incoming resources before transfers 5

between funds (197,768) (16,219) (213,987) (121, 156)

Transfers between funds 12 74,631 (74,631)

Net movement in funds (123,137) (90,850) (213,987) ( 121,!56)

Funds at I January 12 251,725 822,930 I ,074,655 1,195,811

Funds at 31 December 12 128,588 732,080 860,668 1,074,655

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than

those stated above. Movements in funds are disclosed in note 12 to the financial statements. The notes on pages 15 to 23

form part of these financial statements.

14

..

·v··· 100

.. INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY Company Number: 03802726

BALANCE SHEET

AS AT 31 DECEMBER 2012

Group Charity

2012 2011 2012 2011

Notes £ £ £ £

FIXED ASSETS

Tangible fixed assets

8

16,090

16,718

13,671

13,107

Investments 9 1 1

16,090 16,718 13,672 13,108

CURRENT ASSETS

Debtors

10

155,835

145,892

386,291

486,833

Cash at bank and in hand 964,837 1,032,155 766,179 692,988

CREDITORS: amounts falling due

1,120,672 1,178,047 1,152,470 1'179,821

within one year 11 (276,094) (120,110) (272,206) (118,274)

NET CURRENT ASSETS 844,578 1,057,937 880,264 1,061,547

NET ASSETS £860,668 £1,074,655 £893,936 £1,074,655

FUNDS

Restricted funds

12

128,588

251,725

128,588

251,725

Unrestricted funds - general fund 12 732,080 822,930 765,348 822,930

12 £860,668 £1,074,655 £893,396 £1,074,655

The financial statements were approved and authorised for issue by the Board of the Trustees on ... /J../!:'J... ltJ 13 and were signed below on its behalf by:

a J&Ji.. Trustee

Professor David York

tv ·······································

Trustee

Professor Philip James

The notes on pages 15 to 23 form part ofthese financial statements.


NOTES TO THE FINANCIAL STATEMENTS


15

1. ACCOUNTING POLICIES

a) Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with

applicable accounting standards. The financial statements have been prepared in accordance with the Statement

of Recommended Practice (SORP), "Accounting and Reporting by Charities" issued in March 2005, applicable

accounting standards and the Companies Act 2006.

Consolidated financial statements ("group accounts") have been prepared in respect of International Association

for the Study of Obesity and its wholly owned subsidiary, Obesity Trading International Trading Limited. The

Obesity Trading International Trading Limited has been consolidated into the statement of financial activities on a

line by line basis. In accordance with Section 408 of the Companies Act 2006, no separate Statement of Financial

Activities is presented for activities of the charity.

The parent company's deficit for the year was£ (180,719), (2011:- £ (196,826)) excluding the gift aid element

from the subsidiary.

b) Income resources

Donations and grants Income from donations and grants are included in incoming resources when these are receivable except as follows:

When donors specify that donations and grants given to the charity must be used in future accounting periods,

the income is deferred until those periods.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such

income, the income is deferred and not included in incoming resources until the pre-conditions for use have

been met.

When donors specify that donations and grants are for particular restricted purposes, which do not amount to pre

conditions regarding entitlement, this income is included in incoming resources of restricted funds when

receivable.

Membership dues, advertising and publishing royalties Income from membership dues, advertising and publishing royalties are included in the SOFA when the charity is

legally entitled to the income and the amount can be quantified with reasonable accuracy.

Investment income Investment income, including interest receivable, is included when receivable by the charity.

c) Resources expended

Resources expended are included in the SOFA on an accruals basis.

Certain expenditure is directly attributable to specific activities and has been included in those cost categories.

Shared and indirect costs are apportioned on the basis of staff time and the number of full-time equivalent staff.

which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate

of the proportion of time spent by staff on those activities.

Fundraising costs are those costs incurred in seeking voluntary contributions and publicity costs associated with

raising the profile of the charity.

Governance costs are those incurred in connection with enabling the company to comply with external regulation,

constitution and statutory requirements and in providing support to the trustees in the discharge of their statutory

duties.


NOTES TO THE FINANCIAL STATEMENTS (continued)


16

1. ACCOUNTING POLICIES (continued)

d) Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its

expected useful economic life at the following rates:

Fixtures, fittings and equipment

Computer equipment

25% & 33% reducing balance

25% & 33% reducing balance

e) Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses

arising on revaluations and disposals throughout the year.

f) Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are

charged to the income and expenditure account in the year they are payable.

g) Finance and operating leases

Rentals payable under operating leases are charges to the SOFA as incurred over the term of the lease.

h) Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets

and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to

the SOFA.

i) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of

the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The

aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which

have been raised by the company for particular purposes. The cost of raising and administering such funds are

charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial

statements.




17

2. VOLUNTARY INCOME Restricted

Funds

Unrestricted

Funds

Total funds

2012

Total funds

2011

£ £ £ £

Donations

15,684

15,684

9,801

£15,684 £15,684 9,801

3.

ACTIVITIES FOR GENERATING FUNDS

Restricted

Unrestricted

Total funds

Total funds

Funds Funds 2012 2011

£ £ £ £

Publishing royalties

74,743

74,743

62,317

Other income 6,148 6,148 1,843

£80,891

£80,891

£64,160

4.

TOTAL RESOURCES Staff Costs

EXPENDED

Direct Costs

Support

Costs

Total Costs

2012

Total Costs

2011

£ £ £ £ £

Membership 24,519

2,053

7,048

33,620

Policy 34,120 3,133 14,098 51,351 70,734

Education 132,493 165,580 53,571 351,644 195,037

Research 96,605 39,491 38,063 174,159 216,928

Governance 10,564 25,376 35,940 70,678

Voluntary income 12,403 816 2,819 16,038 34,919

Congress & Events 34,136 147,206 11,113 192,455 89,867

£334,276

£368,843

£152,088

£855,207

£678,163

SUPPORT COSTS

Total Costs

Total Costs

COMPRISE OF: Staff Costs Other Costs 2012 2011

£ £ £ £

Membership

4,285

2,763

7,048

Policy 8,571 5,527 14,098 20,372

Education 32,570 21,001 53,571 54,326

Research 23,142 14,921 38,063 50,931

Governance 15,427 9,949 25,376 27,163

Voluntary Income 1,714 1,105 2,819 16,977

Congress & Events 11,113 11,113 10,558

£85,709

£66,379

£152,088

£180,327




18

5. NET INCOMING RESOURCES FOR THE YEAR

This is stated after charging:

Depreciation

Loss on disposal of fixed assets

Auditors remuneration

Operating lease rentals - Land and buildings

Other

2012 2011

£ £

7,516 8,221

1,226

5,150 5,000

33,640 30,418

1,440 705

During the year, no Trustees received any remuneration (20 II -£Nil).

During the year, no Trustees received any benefits in kind (20 II - £Nil).

During the year, 3 Trustees received reimbursement of expenses of£ 5,274 (2011 - 2 Trustees reimbursed £4,905).

During the year, I Trustee received a payment for their role as the Honorary Editor for the Obesity Reviews journal.

6. STAFF COSTS 2012

£

2011

£

Staff costs were as follows: Wages and salaries 352,851 302,175

Social security costs 39,394 33,940

Pension costs 27,740 26,655

£419,985 £362,770

One employee received remuneration amounting to more than £60,000 in the year (20II: Nil)

The average number of employees (full-time equivalent) during 2011

was as follows: Number Number

Charity objectives and projects trading activity 6 5

Fundraising and publicity I Management and administration I

8 7

The total number of people employed, both full and part time in the course of the year was 8 (20 II: 7).

7. TAXATION

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable

purposes.




19

8. TANGIBLE FIXED ASSETS

Cost

At I January 2012

Additions

At 31 December 2012

Depreciation

At I January 2012

Charge for the year

Disposal

At 31 December 2012

Net Book Value

At 31 December 2012

At 31 December 20 II

Office and Computer

Group Charity

£ £

54,025 27,440

7,288 7,288

61,313 34,728

37,707 14,333

7,516 6,724

45,223 21,057

£16,090 £13,671

£16,718 £13,107

9. INVESTMENTS

The charity's investments at the balance sheet date In the share capital of unlisted companies include the

following:

Name

Obesity International Trading Limited

Aggregate capital and reserves

Loss for the year

Country of Nature of Class of Holding

Incorporation Business shares %

England Trading Company Ordinary £I shares 100%

2012 2011

£ £

I

(33,678)

Obesity International Trading Limited is a wholly owned subsidiary of the International Association for the Study

of Obesity.

10. DEBTORS Group

2012

£

Group

2011

£

Charity

2012

£

Charity

2011

£

Due after more than one year Prepayments and accrued income 49,546 25,793

Due within one year

Trade debtors

20,520

49,882

1,786

42,906

Prepayments and accrued income 77,073 65,111 69,645 64,916

Amount due from subsidiary company 306,164 373,905

Other debtors 8,696 5,106 8,696 5,106

£155,835 £145,892 £386,291 £486,833

£239,970 (2011: £239,970) of the amount due from subsidiary company is secured by way of a charity trading

company debenture dated the 10 June 2005 and created by Obesity International Trading Limited for securing

$450,000 due or to become due from the company to the International Association for the Study of Obesity.




20

11. CREDITORS: amounts falling due

within one year

Group

2012

Group

2011

Charity

2012

Charity

2011

£ £ £ £

Trade creditors 8,433 27,386 6,299 27,176

Social security and other taxes 11,624 7,628 11,624 7,628

VAT 354 13,324 354 13,324

Other creditors 3,469 1,070 3,469 1,070

Accruals and deferred income (see below) 252,214 70,702 250,460 69,076

£276,094 £120,110 £272,206 £118,274

Pension contributions totalling £Nil (2011: £Nil) were payable at the year end and are included within other creditors.

DEFERED INCOME

Amounts brought forward

Released in the year

Deferred during the year

Balance as at 31 December 2012

Group Group Charity Charity

2012 2011 2012 2011

£ £ £ £

70,702 140,098 69,076 I05,140

(70,702) (140,098) (69,076) (105,140) 233,726 61,534 233,726 61,534

£233,726 £61,534 £233,726 £61,534

Deferred income relates to £233,726 income received in 2012 in advance for projects in 2013.

12. STATEMENT OF FUNDS (GROUP)

At 1st

January

2012

£

Incoming

Resources

£

Outgoing

Resources

£

Transfers

£

At 31st

December

2012

£

Restricted funds: SCOPE

145,360

(191 ,274)

45,914

EU Project 106,365 89,765 (96,259) 28,717 128,588

Total restricted funds £251,725 £89,765 £(287,533) £74,631 £128,588

Unrestricted Funds: General Funds

663,610

551,455

(567,674)

(74,631)

572,760

Designated (Capital) Fund 159,320 159,320

Total unrestricted funds £822,930 £551,455 £(567,674) £(74,631) £732,080

Total Funds £1,074,655 £641,220 £(855,207) £- £860,668

21




12. STATEMENT OF FUNDS (continued)

Restricted Funds

SCOPE:

The restricted fund has been used for the Specialist Certification of Obesity Professional Education (SCOPE)

project that aims to assist developing a coherent approach to obesity management through educating and

recognising professional expertise in the field of obesity and its related co-morbidities.

EU project:

This part of the restricted funds is received from the EU Commission for carrying out research related EU

projects. Through collecting obesity related information and analysis, the projects assist the policy makers

throughout Europe to implement appropriate obesity strategies. EU normally only provides partial funding for

the projects therefore the remaining balances are covered by IASO general funds.

Designated Fund

Capital Fund:

This fund has been set up for the charity to build up funds to acquire office premises in the future. However

IASO's priority is to increase its free reserve in order to support its charitable operations.

SUMMARY OF FUNDS

(GROUP)

Brought

Forward

Incoming

Resources

Resources

Expended

Transfers

in!(out) Carried

Forward

£ £ £ £ £

Unrestricted Funds

822,930

551,455

(567,674)

(74,631)

732,080

Restricted Funds

251,725

89,765

(287,533)

74,631

128,588

Total of Funds £1,074,655 £641,220 £(855,207) £- £860,668

22




13. OPERATING LEASE COMMITMENTS

The following payments are committed to be paid within one year:

Expiring:

Land and buildings Other

2012 2011 2012 2011

£ £ £ £

Within one year 705

Between one and five years 33,640 33,640 1,440 600

£33,640 £33,640 £1,440 £1,305

14. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY

The Charity has a wholly owned subsidiary, Obesity International Trading Limited, which is incorporated in the

United Kingdom.

Obesity International Trading Limited organises the congresses and events to further the aims and objects of the

International Association for the Study of Obesity. The company pays, by way of Gift Aid (2011: £74,810

and 2010: £138,261 ), its taxable profits to International Association for the Study of Obesity, and a summary of its

trading results is shown below. Audited accounts are filed with the Registrar of Companies.

Profit and loss account

Turnover

Cost of sales

Gross profit

Administration expenses

Interest receivable

Net loss

2012 2011

£ £

160,222 161,448

(148,847) (53,601)

11,375 107,887

(45,250) ( 108,408)

607 521

(33,268)

Brought forward

Retained in subsidiary £(33,268) £-

23




15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted

Funds

Unrestricted

Funds

Total

Funds

£ £ £

Group


16,090

16,090

Current asset 128,588 992,084 1,120,672

Current liabilities (276,094) (276,094)

Net assets £128,588 £732,080 £860,668

Charity


13,671

13,671

Investments

Current assets

128,588

I 1,023,882

I

1,152,470

Current liabilities (272,206) (272,206)

Net assets £128,588 £765,348 £893,936

Documents

INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY (A … · 2017. 9. 18. · INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR