world obesity federation (previously known as the ... · surrey kti7 ihq principal office address...

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


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


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 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.


TRUSTEES' REPORT


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.

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TRUSTEES' REPORT (continued)


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

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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.

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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

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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 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





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.

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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.

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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.




II


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.




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.




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


AUDITORS REPORT


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


AUDITORS REPORT (continued)


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


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


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


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


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


NOTES TO THE FINANCIAL STATEMENTS (continued)


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




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




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




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




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



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




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



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.

world obesity federation (previously known as the ... · surrey kti7 ihq principal office address...

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