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WORLD OBESITY FEDERATION
(Previously known as the International Association for the Study of Obesity) (A Company limited by guarantee) REPORT
AND FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2013
Company No: 03802726
Charity No: 1076981
WORLD OBESITY FEDERATION
FOR THE YEAR ENDED 31 DECEMBER 2013
CONTENTS Pages
Legal and administrative infonnation
Trustees' report 2-13
Independent auditors' report 14- 15
Statement of Financial Activities 16
Balance sheet 18
Notes forming part of the financial statements 19-27
WORLD OBESITY FEDERATION
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013
Chairman Professor W.P.T. James
Trustees Professor R. Atkinson
Professor W. Coutinho
Professor K-C Huang Professor I. Noor Professor G Frilhbeck
Professor D.A. York
Secretary Ms. Chris Trimmer
Executive Director Ms. Chris Trimmer
Company Registered Number 03802726
Charity Registered Number 1076981
Auditors Tudor Joho LLP
Nightingale House
46-48 East Street
Epsom
Surrey
KTI7 IHQ
Principal Office Address Charles Darwin House
12 Roger Street
London WCIN 2JU
Principal Banker HSBC Bank
156-157 Tottenham Court Road
London
\VIP 9LJ
Solicitors Bates, Wells & Braithwaite
Cheapside House
138 Cheapside
London
EC2V 6BB
Penningtons Solicitors LLP
da Vinci House
Basing View
Basingstoke Hampshire RG21 4EQ
World Obesity is an umbrella organisation for national obesity associations which comprises 53 member associations,
representing 57 countries.
WORLD OBESITY FEDERATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2013
2
h
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 2013. 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 oft he charity.
REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS
The Statement of Financial Activities for the year is set out on page 16 of the financial statements. A summary of the
financial results and the work of the charity are set out below.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Go\'eming Document
The charity was incorporated on the 8th July 1999 and is a private company limited by guarantee. lt is governed by its
Memorandum and Articles of Association dated 8th July 1999 and amended on 13th July 2011.
1l1e 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 11th August 1999.
The charity changed its name from the International Association for the Study of Obesity to the World Obesity
Federation with a working name of World Obesity with a special resolution passed on II th October 2013. The charity
was registered with Companies House on the 51
November 2013 and then recognised by the Charities Commission on
January 14,2014.
Recruitment and Apoointment 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. From 2014, due to the change in frequency of the
International Congress, under the requirements of the Memorandum and Articles of Association, the President and
President-Elect are elected by General Council and serve for a term of two years in each position. The Treasurer and the
Secretary are elected by the General Council to sen'e for a maximum period of two tem1s, each four years in duration.
The Vice-Presidents for each region are elected by their respective regional bodies.
Induction ofTrustees
When a new trustee is appointed, the charity will provide a copy of the Trustees Pack which includes infonnation on:
• Role and responsibilities of a trustee;
• Mission and objectives of the organisation;
• Legal status and governance;
• Organisational structure and staning;
• Finance including expense claim rules;
• List of professional advisors;
• Memorandum and Articles
Risk Assessment:
In 2013, 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 strategic review in early 2012 aiming to develop a fUture business and financial plan. \Vorld Obesity
plans to undertake another strategic review in 2014.
3
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
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.
In October 2013 the Task Forces were also rebrandcd along with the wider organisation. The IOTF has become World
Obesity Policy and Prevention and the EMTF has become World Obesity Clinical Care. Each group continues to focus
on their original remits.
The sub-committees and Policy and Prevention (PP) and Clinical Care (CC) 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 fi·om relevant sub-committees and, the PP and CC groups, considers
organisational risk the charity may face, the 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.
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 PP and CC groups.
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 vision of World Obesity is: Combatting obesity- a healthy weight for all. With a mission: To lead and drive global
efforts to reduce, prevent and treat obesity.
The main objectives in 2013 were to:
• Rebrand the organisation and its internal groups
• Collate, conduct and disseminate world-leading research into obesity, its impact, causes, treatment and
prevention
• Influence policy of academics, government and businesses at global, regional and national levels by presenting
options and analyses of benefit
• Bring rigour, consistency and credibility to the field through educational programmes, practical training,
publications, conferences and education
4
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
OBJECTIVES AND ACTIVITIES (continued)
• Create a global community of organisations dedicated to solving the problems of obesity
• 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 meet these objectives, the charity aimed to consistently apply its existing expertise to improve current projects whilst
seeking new opJX>rtunities for development. Accordingly, the organisation continued to implement the strategy developed
and agreed in 20 II. The operations of the organisation were also monitored to ensure efficiency and cost effectiveness.
Policy work
In 2013the 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 help the policy makers on the issue of obesity and
its importance in the public health. A net expenditure of£78,996 was incurred for policy related work.
Educational work
In 2012 the online obesity education programme was launched. In 2013, the charity continued to invest in its educational
programmes. One SCOPE School (Ireland) and six SCOPE accredited courses took place in Europe. A total of £385,446
was spent on educational programmes. £286,010 was raised in income to support the educational activities of the charity.
In addition, two STOCK Conferences were organised, one in Hamburg, Germany and one in Punta Cana, Dominican
Republic. Also, three Hot Topic Conferences were organised, one in Boston, USA, and two in London, UK.
Research work
In 2013, 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 £63,516 was spent on EU projects.
In addition, two research projects were funded, one by Novo Nordisk and one by the Coronary Prevention Group. A total
of £118,969 was received for these projects and £115,027 was spent.
Governance
Governance work in 2013 related mainly to time spent by the Executive Director on governing issues of the charity
including the rebrand, 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 £37,913
was spent on governance in the year.
Fundraising
In 2013, fundraising activities \Vere focussed on building relationships with potential funders and developing projects to
attract funding.
5
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
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
tbllowing criteria:
I) There must be an identifiable benefit:
1l1e benefits of World Obesity'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 mortality. World
Obesity 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 arc 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 World Obesity 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 World Obesity therefore directly relates to its aims and objectives.
World Obesity 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 World Obesity'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.
World Obesity provides its educational programme to an international audience. In order for more people to have access
to the e-learning programme, World Obesity ofters the course as a whole or as individual modules. ln addition,
significant efforts are being made to source funding to provide a scholarship fund for those from LMICs. World Obesity
also prices face-to-face courses at a rate that is accessible to the local population. World Obesity 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, World Obesity 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.
ACHIEVEMENTS AND PERFORMANCE
World Obesity is an umbrella organisation for national obesity associations which comprises 49 member associations,
representing 49 countries.
In 2013 the Charity undertook a rebrand adopting a new name, logo and strapline. The obesity crisis is one of the biggest
challenges of our time and it is more important than ever that there is a strong and unified global action to tackle it. The
nan1e International Association for the Study of Obesity (lASO) no longer reflected all the Charity's activities. The
Charity is no longer simply focussed on the study of obesity, but on bringing together and encouraging the very best
thinking and practice in addressing the obesity crisis. World Obesity
6
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
ACHIEVEMENTS AND PERFORMANCE (continued)
believes that the clarity and directness of the new name and brand, strengthens their ability to achieve their strategic
goals.
The rebrand also offers the opportunity to clarifY two critical strands of the Charity's work- World Obesity Policy and
Prevention (formerly IOTF) and \Vorld Obesity Clinical Care (formerly EMTF). Both strands have more explicit names
that more accurately reflect the scope of their work and emphasise their pivotal role in the World Obesity family.
ll Publications
In 2013, World Obesity 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 ofi1ces for the three journals were consolidated in World Obesity headquarters. This has proved a successful
strategic decision as efticiency has been maximised and processes ere streamlined and therefore cftet:tiveness has been
increased.
Obesity Reviews is a monthly reviews journal publishing reviews ffom all disciplines related to obesity. The journal
achieved an Impact Factor of 6.87 in 2013. 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 attained an Impact Factor
of2.276 in 2013.
The journal of Clinical Obesity was set up in 20 I 0 and was formally launched in 2011. 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
World Obesity Policy and Prevention (formerly IOTF), the policy arm of World Obesity, continued its high profile public
health policy work on the international stage. In 2013, the main achievements were as fOllows:
The Policy and Prevention group collaborated in providing responses to several WHO consultations on key issues related
to obesity, nutrition and the prevention of NCDs. A number of collaborations were facilitated through membership of
active networks including the NCD Alliance that was initiated in conjunction with the UN high level meeting on
prevention ofNCDs and the Conflict oflnterest Coalition which has over 160 professional and public interest member
organisations.
7
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
ACHIEVEMENTS AND PERFORMANCE (continued)
World Obesity co-sponsored the 3rd Pan American Conference on Childhood Obesity in Aruba for 23 Ministries of health
in the Latin American and Caribbean region. The conference resulted in an important set of policy recommendations that
are evidence-based. Members of the Policy and Prevention steering committee organised a Bellagio meeting in Italy that
focussed on programme and policy options for preventing obesity in the low, middle, and transitional income countries.
The main outcome of this meeting also generated a "Bellagio declaration" calling for initiatives to counteract actions of the
global food companies which undermine healthy food policies.
A policy paper was developed for the World Innovation Summit on Health (WISH) in Qatar. An obesity policy paper.
"Strategic Action to Combat the Obesity Epidemic" includes specially prepared World Obesity maps of global trends of
obesity prevalence and case studies from around the world and culminates with recommendations for ministers of health
about how to develop an effective action agenda. 'll1is was one of nine analyses of complex global problems requiring
multi - sectoral collaboration and cross government initiatives.
Through a grant from the US based Aetna Foundation, World Obesity convened an extremely successful 1.5 day
symposium entitled: Obesity and NCDs - Learning from International Experience. The meeting's outcomes were
summarised and a policy briefing. entitled, ''The Prevention of Obesity and NCDs - Challenges and opportunities for
governments" resulted from the proceedings.
The INFORMAS (international Network for Food and Obesity/NCDs Research, Monitoring and Action Support)
initiatives have progressed significantly during 2013. A Special Issue in the journal Obesity Reviews delineating the
concept, design, and proposed methods for monitoring various aspects of the food marketing environment, including
government and private industry policies and actions, was published and disseminated at the International Union of
Nutritional Sciences meeting in Granada (Spain). The Policy and Prevention group have also used the INFORMAS
template to describe ways in which JNFORMAS can be used for public health advocacy.
World Obesity has maintained its status as a collaborating NGO in official relations with WHO and has assisted in
document preparation, reports, consultations and meetings with WHO headquarters and regional meetings in Europe, the
Middle East and the Americas. The Policy and Prevention group has also been involved in a helping develop a regional
food and nutrition action plan and presenting the challenge to 48 European Ministries of Health at its launch in Vienna,
Austria. It has also helped in the development of a unifonn nutrient profiling scheme for the region. In addition, Policy
and Prevention have written a background paper for the WHO Eastern Mediterranean Regional Oflice on child obesity
prevention in the region and led as well as advised on novel approaches to legislative and regulatory measures to improve
the food supply in the Region.
The Policy and Prevention group has also produced an advocacy toolkit for World Obe-sity members, which is now
offered on the World Obesity website. The 40 page document provides key information about the global burden of
obesity and gives an introduction to advocacy and advocacy activities, after which there are 11 appendices with specific
tools and resources. The toolkit is part of World Obesity's wider work to develop advocacy supJXlrl services for
members. Alongside the toolkit, the World Obesity website now includes recent Policy and Prevention consultation
responses, other publications and news of major policy statements by international and national authorities.
In 2013, World Obesity also worked on a number ofEU projects in the field of public health policy and advocacy. These
projects were:
ToyBox Project
lbe ToyBox project is also part-funded by the European Commission's Seventh Fran1ework 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
8
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
ACHIEVEMENTS AND PERFORMANCE (continued)
to explain why young children eat the foods they eat and why they do (or do not) participate in physical activity. ToyBox
will re\•iew and evaluate behavioural models and educational strategies to idcntif)' best practices in changing children's
behaviours. International symposia reported on the progress of the project at the ISBNPA meeting (Ghent, Belgium, May
2013) and the !CN meeting (Granada, Spain, September 2013).
Sootlight 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.
DAPHNE Project
DAPHNE is an EU-funded study launched in 2013 to develop and test methods for collecting, analysing and exploiting
personal activity and fitness information, with a fOcus on reducing sedentary behaviour. The project is being led by the
Spanish health technology company Treelogic in partnership with major IT companies IBM, Atos, Nevet, Evalan and
SilverCloud. These businesses will 'vork alongside researchers at the University of Leeds, the University of Madrid and
the Children's Hospital in Rome, Italy, along with World Obesity. DAPHNE is part funded by the European Commission
through its seventh framework programme.
3) Education
World Obesity (formerly the Education and Management Task Force), continued to develop the Specialist Certit1cation
of Obesity Professional Education (SCOPE). In 20 II, the EMTF were dedicated to developing new content and a new
software system to establish World Obesity's international obesity education programme (SCOPE) in the online
environment. The re-launch of the new e-learning programme took place in early 2012.
In 2013 we met our goal of making SCOPE a full-fledged distance-learning programme by changing the criteria for
SCOPE accreditation so users no longer had to attend an event to become certified. Further to this goal we allocated more
points for each module from 0.25 to 0.5 SCOPE points. This has allowed users to become certified after completing 24 e
learning modules. With 29 e-leaming modules currently available, our e-leaming is complete for the purpose of
becoming SCOPE certified. In practical tenns this means users can become certified by taking thee-learning anywhere in
the world without having to attend an event. This has opened up SCOPE Certification to health professionals in any part
of the world.
We conducted an anonymous sun'ey in 2013 of our registered users. The results showed that many users are not
committed to purchasing a full subscription and only interested in specific topics. We acted on this feedback by creating
a cheaper package option for users which includes bundles of modules on the same specialism i.e. diabetes. We have
released five packages, each with 5 modules at a reduced price of £40 for members, £50 for non-members. Sales of
packages began in November 2013 and have sold consistently to date.
As of2 February 2014, thee-learning programme had 7,611 people registered to undertake learning; had 83 people that
had purchased a subscription or renewal to the whole course; and 225 individual modules purchased. 24 Packages have
been purchased in the 4 month period from their initial release in November 2013 to 2 February 2014.
11 SCOPE accredited courses were held throughout the year and continue to be extremely well received by obesity
professionals.
9
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
ACHIEVEMENTS AND PERFORMANCE (continued)
a. Hot Topic: Obesity, Physical Activity and Cancer- London, UK
b. Targeting obesity- Vienna, Austria
c. Canadian Obesity Summit- Vancouver, Canada
d. Gut Hormones- Liverpool, UK
e. Hot Topic: Obesity and Pregnancy- Boston, USA
f. 7"' SCOPE School -Dublin, Ireland g.
Simposio Bariatrica- Santiago, Chile
h. Reversing End Organ Damage- Dublin, Ireland
i. 12th Stock Conference- Hamburg, Germany
j. Hot Topic: Diabetes, Obesity and You- London, UK
k. 13th Stock Conference- Punta Cana, Dominican Republic
4l Events
In 2013, World Obesity organised the S"' SCOPE School in Dublin, (Ireland) on the 11-13"' June with 40 delegates. The
intensive courses provided the delegates with a unique opportunity to engage with world experts in the field and
understand new challenges in obesity management.
World Obesity also organised three Hot Topic Conferences, one in partnership with the Royal College of Nursing,
entitled 'Diabetes, Obesity and You'. This event attracted over 65 delegates and was held in London (UK). The second
Hot Topic Conference was held in Boston (United States of America) in partnership with The Obesity Society, entitled
Pregnancy and Obesity. This event attracted over 55 delegates. The third Hot Topic Conference was run in partnership
with the World Cancer Research Fund, entitled Obesity, Physical Activity and Cancer. This conference was held in
London (UK). Obesity, Physical Activity and Cancer Hot Topic Conference attracted over 100 delegates and acted as the
basis for an exciting briefing paper.
The trading subsidiary spent a large part of2013 working on the International Congress of Obesity. The speakers were
invited, extensive marketing for the event was w1dertaken and time was spent attracting sponsors and exhibitors to attend
the event. Abstract submission opened in August and registration opened in September.
World Obesity also held the two STOCK conferences. The first was held in Hamburg (Germany) on functional body
composition and related aspects in research on obesity and cachexia. The second was held in Punta Cana (Dominican
Republic) on the metabolically healthy and unhealthy obese. 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 2013 World Obesity continued to develop the Data Portal (previously refhred 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. World Obesity 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 collates and provide access to all key documents
in this disease to inform users of policy and key developments in the field of obesity.
10
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
ACHIEVEMENTS AND PERFORMANCE (continued)
6) Trading subsidiarr
World Obesity continues to develop an income diversification strategy, which reduces its reliance on income from
corporate donations, journal subscriptions and membership subscriptions. World Obesity's commercial ann, Obesity
International Trading Ltd (OIT) was established in 2005 and is chaired by Dr David York. During 2013 work was
undertaken for the organisation of the International Congress on Obesity which is taking place in March 2014 in Kuala
Lumpur, Malaysia.
8) Membershjp
In 2013, World Obesity implemented the new software system that will ultimately improve the administration of
membership, events and communications. The events and back end of the membership portal launched in 2013. lbis
meant that members were recognised when they registered for the International Congress of Obesity and obtained the
reduced membership registration fee. The full Membership Portal will launch in 2014. The main strategic objective of
this new software system is to oiler the benefits of membership to World Obesity's National Member organisations in an
accessible format. By developing a Membership Portal, World Obesity's National Member organisations can give their
individual members access to the range of benefits that World Obesity offers and thus add value to membership of their
organisations. These member benefits will include discounts on registration to events; discounted subscription to World
Obesity and World Obesity afl:lliatcd 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 ·world Obesity.
7l Plans for the future
In 2014, World Obesity plans to bring together the last phase of the 2010 strategic plan. The Charity also plans to launch
a new initiative encouraging action at all policy levels, and within the healthcare system through health care practitioners.
In 2014 World Obesity intends to launch the final stage of the Member Portal enabling the Charity to give members
around the world access to the latest in scientific information, educational materials and, policy and advocacy tools.
Increasing access to this infom1ation will better enable World Obesity to meet its aims as a charitable organisation.
World Obesity 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 l,OOO +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, World Obesity will continue to run a full port!blio of events, including SCOPE Schools,
Hot Topic Conferences and STOCK Conferences.
World Obesity aims to bring the SCOPE programme to profit, ahead of the agreed business plan. World Obesity will
concentrate on increasing the number of clinicians and allied health professionals gaining SCOPE certification and the
number of SCOPE accredited courses. The charity 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 )XJtentiallearners. In addition, a number of SCOPE modules will be translated into Spanish with a view
to expanding access for the Latin American region.
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
II
ACHIEVEMENTS AND PERFORMANCE (continued)
There will be continued focus on fundraising and building relationships with potential partner organisations. The
activities undertaken during 2012 and 2013 have helped to extend our reach around the world, and to maintain World
Obesity's primary role in leading and driving global efforts to reduce, prevent and treat obesity. Our charity 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 ofthe year to 31 December 2013 the total funds of the Charitable group were £612,955. Of this sum, £69,824
represents restricted funds. The overall position of the charity has changed from £860,668 in 2012 to £612,955 in 2013.
This reduction in funds means that the World Obesity Federation needs to further develop its projects and achieve more
income.
The reduction in reserves in 2013 was mainly due to a decrease in the trading activities as there was no international
congress held. 1l1e net position for the charitable group was a deficit of £247,713 compared to a deficit of £213,987 in
2012.
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 £2,380 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 £372,196 at the year
end.
The principal income sources and the activities they supported in 2013 were as follows:
a) A total sum of £7,132 was received in 2013 from the EU Commission tbr various projects. The total restricted
expenditure for EU projects in 2013 was £63,515.
b) A total sum of £7,603 was received in 2013 for policy work. The total expenditure for policy work in 2013 was
£86,599.
c) The SCOPE project income for 2013 was £34,720. The total expenditure for SCOPE related work was
£134,380.
d) Educational conferences generated an income of £202,439 in 2013 and was matched by the expenditure of
£185,046. The main purpose of the congress and events was to bring the obesity health professionals together
for education and exchange of scientific information.
e) Income of £48,850 was received tfom the publishers for journal related expenditure. The total expenditure for
journal related work was £66,019.
Reserves Policy
The trustees have agreed to maintain an annually reviewed resen'e 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.
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
12
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 World Obesity federation'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 shorHerm cash requirements and for a
small investment in ethical Stock Funds.
RESPONSIBILITIES OF TRUSTEES
The trustees, who are also directors of the World Obesity Federation for the purposes of company Jaw, 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 tme and fair view
of the state ofaflairs 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 tbr 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 difter ±Tom 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.
WORLD OBESITY FEDERATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
13
AUDITORS
A resolution to re-appoint Tudor John will be proposed at the Annual General Meeting.
sifes o(3. f.!.':'.--fisigned on their behalf by
.... J jf./.<'.!..?. Professor Philip James
President & Trustee
14
WORLD OBESITY FEDERATION
AUDITORS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2013
Report of the Independent Auditors to the Members of
World Obesity Federation
We have audited the financial statements of World Obesity Federation for the year ended 31 December 2013 on pages
sixteen to twenty seven. The financial reporting tfarnework that has been applied in their preparation is applicable law
and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
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 \vork 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 the
charitable company's members.as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities oftrustees and auditors
As explained more fully in the Statement of Trustees Responsibilities set out on page eight, 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 gi\'e a true and fair view.
Our responsibility is to audit and express an opinion on the tinancial statements in accordance with applicable law and
lntemational Standards on Auditing (UK and Ireland).
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. Tn addition, we read all the
financial and nonf·inancial information in the Report of the Trustees to identify material inconsistencies with the audited
financial statements. Tf we become aware of any apparent material misstatements or inconsistencies we consider the
implications tbr our report.
Opinion on financial statements
In our opinion the financial statements:
give a true and tbir view of the state of the charitable company's affairs as at 31 December 2013 and of its incoming resources and application of resources, including its income and expenditure, 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 tbe Companies Act 2006
In our opinion the infom1ation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statement.
15
WORLD OBESITY FEDERATION
AUDITORS REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
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 infonnation and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime
and take advantage of the small companies exemption in preparing the Report of the Trustees.
-\-\.\-.{ \.
H M Mulhall (Senior Statutory Auditor)
for and on behalf ofTudor John LLP
Chartered Accountants
and Statutory Auditors
Nightingale House
46-48 East Street
Epsom
Surrey
KT171HQ
Date: ....\S'. .0. !..J P.!........
16
FOR THE YEAR ENDED 31 DECEMBER 2013
2013
2012
Restricted Unrestricted Total Total
INCOMING RESOURCES
Notes
Funds
£ Funds
£ Funds
£ Funds
£
Incoming t·esources ft·om genet·ated funds: Voluntary income Donations and legacies 2 16,515 16,515 15,684
Activities for generating funds: Congress and Events Royalties and other income 3 49,31 4 49,314 80,891
Investment income Investment income 1 ,121 1 , 121 2,050
Activities:
Policy
7,603
7,603
4,797
Education 286,010 286,010 1 70,211
Research 7,132 118.969 126,101 184,877
Membership 27,344 27,344 23,523
Total incoming resources 7, 132 506,876 514,008 482,033
RESOURCES EXPENDED
Costs of gene..ating funds
4 Voluntary income 24,658 24,658 16,038
24,658 24,658 16,038
Charitable activities: 4 Policy 86,599 86,599 51 ,351
Membership Services 41 ,208 41,208 33,620
Education 385,446 385,446 351 ,644
Research 63,515 115,028 178,543 174,159
Governance costs
4
37,913
37,913
35,940
Total charitable expenditure 4 63,51 5 666,1 94 729,709 646,7 14
Total resources expended 4 63,515 690,852 754,367 662,752
Net incoming •·esout·ces before transfers 5 between funds (56,383) ( 183,976) (240,359) (180,719)
Transfers between fi.mds
1 2
(2,381)
2,381
Net movement in funds (58,764) (181 ,595) (240,359) (180,719)
Funds at I January 12
128,588
765,347
893,935
1 ,074,655
Funds at 31 December 12 69,824 583,752 653,576 893,935
WORLD OBESITY FEDERATION
STATEMENT OF FINANCIAL ACTIVITIES (lncot·pot·ating Income and Expenditure account)
Incoming resources from Charitable
All of the above results are derived from conti nuing activities. There were no ot her recognised gains or losses ot her than
those stated above. Movements in funds are d i sclosed in note 1 2 to the financial statements. The notes on pages 15 to 23
form part of these financial statements.
17
WORLD OBESITY FEDERATION
STATEM ENT OF FI N ANCIAL ACTI V ITI ES (lncoq>omting Income and Ex1>endit ure account)
FOR TH E Y EAR END ED 31 D ECEMBER 2013
Restricted
U n restr·icted
2013
Total
2012
Total
INCOMI NG R ESOURCES
Notes
Funds
£ Funds
£ Fund s
£ Funds
£
Incoming resources from genera ted funds: Voluntary income Donations and legacies 2 1 6,515 16,51 5 15,684
Activities fot·genera ting funds: Congress and Even ts (473) (473) 1 57,88 1
Royalties and other income 3 49,314 49,314 80.891
Investmen t income Investment income 1 ,1 43 1 ,1 43 3,357
Incomin g reso urces from Ch a ritable Activities: Policy 7,603 7,603 4,797
Education 286,010 286.010 170,211
Research 7,1 32 1 18,969 1 26,101 184,876
Membership 27.344 27,344 23,523
Total in coming t·esources 7.1 32 506,425 513,557 641 ,220
RESO U RCES EX P ENDED
Costs of genera ting funds
4 Fundraising Costs 24,658 24,658 16,038
Trading Activities 6,904 6.904 192,455
31,562 31 ,562 208,493
Charita ble activities: 4 Policy 86,599 86,599 51 ,351
Membership Ser vices 4 1 ,208 41 ,208 33,620
Education 385,446 385,446 351,644
Research 63.51 5 1 1 5.027 178,542 174.159
Govern a nce costs 4
37,913
37,913
35,940
Total ch a ritable expenditut·e 4 63,515 666,193 729,708 646,714
Tota l resources ex pended 4 63,51 5 697,755 761 ,270 855,207
Net incoming t·esources before 5 tra nsfers between funds (56,383) {191 ,330) (247,713) (2 1 3,987)
Transfers between funds
1 2
(2,381 )
2,381
Net movement in funds (58,764) (188.949) (247,713) (213,987)
Funds at I January
12
1 28,588
732,080
860,668
1 ,074,655
Fund s at 31 Decembet· 1 2 69.824 543,131 612,955 860,668
18
-
WOR LD OBESITY FEDERATION Co mpan y Number: 03802726
BALANCE SHEET
AS AT 31 DECEMBER 2013
Group Charity 2013 2012 2013 2012
Notes £ £ £ £
FIXED ASSETS Tangible fixed assets
8
11 ,61 5
16,090
9,994
1 3,671
Investments 9 I I
11.615 16,090 9,995 13,672 CURR ENT ASSETS
Debtors 1 0 600,1 79 1 55,835 494,635 386,291 Cash at bank and in ha nd 626,152 964 ,837 412.61 5 766,179
CR EDITORS: amounts falling due
1.226,331 1 ,120,672 907,250 I ,152,470
within one year II (624,991 ) (276,094) (263,669) (272,206)
NET CU RRENT ASSETS 60 I ,340 844,578 643,581 880.264
NET ASSETS £612,955 £860.668 £653,576 £893,936
FUNDS
Rest ricted funds 1 2 69,824 128,588 69,824 1 28,588 Unrestricted funds- general fund 12 543,131 732.080 583,752 765,347
1 2 £612,955 £860.668 £653,576 £893,935
The financial statements were approved and authorised for issue by the Board ofthe Trustees on . r:'i\'\.MA.as.J:t 2-o\4 and were signed below on its behal f by:
Jl i Trustee Professor David York
....................................... Trustee Professor Phili p James
The notes on pages 1 5 to 23 fom1 part of these financial statements.
19
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3I DECEMBER 2013
1. ACCOUNTING POLICIES
a) Basis of accounting
The financial statements ha\•e 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 the World Obesity
Federation 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.
The parent company's deficit lor the year was£ (202,026), (2012:- £ (180,719)) 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 specif)' 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.
Project Income Income from projects is recognised on an accruals basis as the work on that project progresses.
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 stan:
Costs 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.
20
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
I. ACCOUNTING POLICIES (continued)
d) Tangible fixed assets
All assets purchased for over £350 will be capitalised. 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) Jnyestments
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 benetlt of its employees. The costs of contributions arc
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 arc unrestricted funds which are available for use at the discretion of the Tmstees 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.
21
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
2. VOLUNTARY INCOME Restricted Unrestricted Total funds Total funds
Funds Funds 2013 2012
£ £ £ £
Donations 16,515 16,515 15,684
£16,515 £16,515 £15,684
3. ACTIVITIES FOR GENERATING FUNDS Restricted Unrestricted Total funds Total funds
Funds Funds 2013 2012
£ £ £ £
Publishing royalties 49,314 49,314 74,743
Other income 1,121 1,121 6,148
£50,435 £50,435 £80,891
4. TOTAL RESOURCES Staff Costs Direct Costs Support Total Costs Total Costs
EXPENDED Costs 2013 2013 2012
£ £ £ £ £
Membership 29,378 4,703 7,127 41,208 33,620
Policy 41,394 35,226 9,979 86,599 51,351
Education 114,913 213,513 57,020 385,446 351,644
Research 94,806 45,249 38,488 178,543 174,159
Governance 10,829 27,084 37,913 35,940
Voluntary income 20,546 1,261 2,851 24,658 16,038
Congress & Events 192,455
£301,037 £310,781 £142,549 £754,367 £855,207
SUPPORT COSTS Total Costs Total Costs
COMPRISE OF: Staff Costs Other Costs 2013 2012
£ £ £ £
Membership 4,062 3,065 7,127 7,048
Policy 5,687 4,291 9,978 14,098
Education 32,498 24,522 57,020 53,571
Research 21,936 16,552 38,488 38,063
Governance 15,437 11,648 27,084 25,376
Voluntary Income 1,625 1,226 2,851 2,819
Congress & Events 11,113
£81,245 £61,304 £142,549 £152,088
22
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
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
2013 2012
£ £
5,713 7,516
5,000 5,150
33,640 33,640
960 1,440
During the year, no Trustees received any benefits in kind (2012- £Nil).
During the year, 2 Trustees received reimbursement of expenses of£ 1,249 (2012- 3 Trustees reimbursed £5,274).
6. STAFF COSTS 2013 2012
£ £
Staff costs were as follows:
Wages and salaries
320,074
352,851
Social security costs 27,547 39,394
Pension costs 36,978 27,740
£384,599 £4 I 9,985
One employee received remuneration amounting to more than £60,000 in the year (2012: 1)
The average number of employees (full-time equivalent) during 2013
was as follows: Number Number
Charity objectives and projects trading activity 6 6 Fundraising and publicity 1 Management and administration 1
8 8
The total number of people employed, both full and part time in the course of the year was 8 (2012: 8).
7. TAXATION
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable
purposes.
23
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
8. TANGIBLE FIXED ASSETS
Cost
At l January 2013 Additions
At 31 December 2013
Depreciation At l January 2013
Charge for the year Disposal
At 31 December 2013
Net Book Value
At 31 December 2013
At3l December2012
Office and Computer
Group Charity
£ £
61,313 34,728
1,237 1,237
62,550 35,965
45,222 21,057
5,713 4,915
50,935 25,972
£11,615 £9,994
£16,090 £13,671
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 sbares %
England Trading Company Ordinary £ l shares 100%
2013 2012
£ £ l l
(40,620) (33,267)
Obesity International Trading Limited is a wholly owned subsidiary of the International Association for the Study of Obesity.
10. DEBTORS Group
2013
Group
2012
Charity
2013
Charity
2012
£ £ £ £
Due after more than one year
Prepayments and accrued income
49,546
Due within one year
Trade debtors
322,317
20,520
46,519
1,786
Prepayments and accrued income 273,814 77,073 75,143 69,645
Amount due from subsidiary company 368,925 306,164
Other debtors 4,048 8,696 4,048 8,696
£600,179 £155,835 £494,635 £386,291
£239,970 (2012: £239,970) of the amount due from subsidiary company is secured by way of a charity trading
company debenture dated the I 0 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 tOr the Study of Obesity.
24
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
II.
CREDITORS: amounts falling due
within one year
Group
2013
Group
2012
Charity
2013
Charity
2012
£ £ £ £
Trade creditors
il,425 8,433
7,652
6,299
Social security and other taxes 8,682 11,624 8,682 11,624
VAT 8,143 354 8,143 354
Other creditors 3,624 3,469 3,658 3,469
Accruals and deferred income (see below) 593,117 252,214 235,534 250,460
£624,991 £276,094 £263,669 £272,206
Pension contributions totalling £2,444 (2012: £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 2013
Group Group Charity Charity
2013 2012 2013 2012
£ £ £ £
233,726 70,702 233,726 69,076
(233,726) (70,702) (233,726) (69,076)
545,923 233,726 188,430 233,726
£545,923 £233,726 £188,430 £233,726
Group deferred income of £545,923 related to income received in 2013 in advance of projects and future
conferences. Charity deferred income of £188,430 relates to income received in 2013 in advance of projects.
12. STATEMENT OF FUNDS (GROUP)
At 1st
January
Incoming
Outgoing
At 31st
December 2013 Resources Resources Transfers 2013
Restricted funds:
£ £ £ £ £
EU Project
128,588
7,132
(63,515)
(2,381)
69,824
Total restricted funds £128,588 £7,132 £(63,515) £(2,381) £69,824
Unrestricted Funds: General Funds 572,760 506,425 (697,755) 2,381 383,811
Designated (Capital) Fund 159,320 159,320
Total unrestricted funds £732,080 £506,425 £(697,755) £2,381 £543,131
Total Funds £860,668 £513,557 £(761,270) £- £612,955
25
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER2013
12. STATEMENT OF FUNDS (continued)
Restricted Funds
EU projects: 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 thereibre the remaining balances are covered by the World Obesity Federation's general funds.
Designated Fund
Capital Fu11d: 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
732,080
506,425 (697,755)
2,381 543,131
Restricted Funds
128,588
7,132
(63,515)
(2,381)
69,824
Total of Funds £860,668 £513,557 £(761,270) £. £612,955
26
WORLD OBESITY FEDERATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
13. OPERATING LEASE COMMITMENTS
The following payments are committed to be paid within one year:
Expiring: Within one year
Land and buildings
2013 2012
£ £
2013
£
Other 2012
£
Between one and five years 33,640 33,640 960
£33,640 £33,640 £960
14. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY
1,440
£1,440
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 objectives of the
World Obesity Federation. Profits generated by the subsidiary are gift aided to the World Obesity Federation and a
summary of its trading results are below. Audited accounts are filed with the Registrar of Companies.
Profit and loss account 2013
£
Turnover (473)
Cost of sales
Gross profit (473)
Administration expenses (6,904)
Interest receivable 23
Net Joss (7,354)
Brought fonvard (33,268)
Retained in subsidiary £(40,622)
2012
£
160,222
(148,847)
11,375
(45,250)
607
(33,268)
£(33,268)
27
INTERNATIONAL ASSOCIATION FOR THE STUDY OF OBESITY
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2013
15. ANALYSIS OF NET ASSETS BETIVEEN FUNDS Restricted
Funds
£
Unrestricted Total
Funds Funds
£ £ Group
Tangible fixed assets
Current assets
Current liabilities
69,824
11,615 11,615
I,I56,507 I,226,331
(624,991) (624,991)
Net assets £69,824 £543,13 I £612,955
Charity
Tangible fixed assets
Investments Current assets
Current liabilities
69,824
9,994 9,994
I I 837,426 907,250
(263,669) (263,669)
Net assets £69,824
16. RELATED PARTY DISCLOSURES
£583,752 £653,576
During the year the charity paid an amount of £8,000 to the trustee, David York, for an editorial honorarium
received from Blackwell's on his behalf.
During the year the Coronary Prevention Group paid £77,400 to the World Obesity Federation in respect of a
project it was running. Professor WPT James is a Trustee of both the Coronary Prevention Group and the World
Obesity Federation.