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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 05987719 (England and Wales) REGISTERED CHARITY NUMBER: 1117470

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

(A COMPANY LIMITED BY GUARANTEE)

Elsby & Co Thistledown Barn

204 Holcot Road

Sywell Northampton Northamptonshire NN6 0BG

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Contents of the Financial Statements for the year ended 31 MARCH 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity'.

The Association for Respiratory Technology and Physiology objectives and activities is to advance for the public benefit the service and practice of Respiratory and Sleep Physiology and allied subjects by;

a) Delivering and promoting education and training programmes to ensure competence to practice

b) Establishing relevant standards of practice

c) Promoting audit and research and by making the results of such study and research available to the practitioners and the general public

d) Promoting advances in diagnostic, treatment and care of patients with respiratory and sleep diseases

e) Communicating with all stakeholders

f) Representing the interests of practitioners at all levels.

The Association for Respiratory Technology & Physiology (ARTP), through standards of training and quality assurance, are the professional guardians of physiological measurement in respiratory and sleep medicine in the UK. With over 40 years of experience in the design and delivery of respiratory physiology services, ARTP provides the only national, professionally recognised, qualifications in Respiratory Function Testing and Spirometry in the UK.

ARTP also recommends standards for the design and delivery of respiratory physiology services through position papers from ARTP Working Groups on the structure, function and content of respiratory physiology and sleep facilities and services in the UK.

An important function of the ARTP is the provision of opportunities for Continuing Professional Development. The ARTP organises an annual Conference, meetings and other educational courses on many respiratory and sleep physiology topics.

Nationally ARTP informs and influences major organisations about the delivery of respiratory physiology services. Furthermore, ARTP links with equivalent national organisations around the world to deliver global standards in respiratory healthcare involving respiratory technology and physiology.

The Association works in conjunction with the British Thoracic Society to produce national guidelines and standards for good practice in the performance of respiratory measurement. It works closely with the Department of Health and Academy for Healthcare Science in formulating policy and in the strategic direction of the profession.

The ARTP hosts the multi-disciplinary Sleep Apnoea Consortium and ARTP now has a membership section for sleep practitioners.

The Association is a founder member of Association of Clinical Scientists organisation, the Institute of Physiological Sciences and the Federation of Healthcare Scientists.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees are delighted to report the membership has increased to 822 in 2021-2022. This increase has been from the ongoing promotional efforts and raising awareness of the profile of ARTP through high quality courses, conferences and qualifications.

Page 1

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

The Charity's Professional Qualifications allow respiratory practitioners to update their skills and knowledge. By undertaking professional competency qualifications practitioners are able to demonstrate their competencies enabling them to follow career pathways and take advantage of professional opportunities. The Charity now offers three levels of Professional Qualification: - Practitioner (Level 3)

There were 73 candidates that enrolled onto the professional qualifications and 51 candidates, including deferrals and re-sittings that undertook the professional examinations in 2021-22. ARTP successfully adapted the format of the examinations so that these could be ran virtually, and these have been running successfully.

The charity provides several certificates of competence that allows individuals to demonstrate competency in specific respiratory or sleep techniques. These include the following certificates along with the number of candidates enrolled in 2021-22:

The Association for Respiratory Technology and Physiology is the holder of the Spirometry national register of individuals that have obtained certification in Spirometry. This register continues to grow with 3126 certified practitioners over various levels in 2020-21.

The ARTP Annual Meeting took place virtually on the 1st - 2nd July 2021, due to the ongoing difficulties associated with the COVID pandemic.

The meeting started at 0830 on Thursday 1st and finished at 1730 On Friday 2nd July. The programme consisted of 33 talks, 4 Oral presentations, 9 sponsored workshops and a virtual exhibition and poster area.

The online ARTP Conference 2021 comprised of: o 254 registered paying delegates o 85 exhibitor personnel o 46 registered complimentary speakers/chairs

o 18 companies supported the meeting with exhibition or sponsorship

The meeting started at 0830 on Thursday 1st and finished at 1730 On Friday 2nd July. The programme consisted of 33 talks, 4 Oral presentations, 9 sponsored workshops and a virtual exhibition and poster area.

The online ARTP Conference 2021 comprised of:

o 254 registered paying delegates o 85 exhibitor personnel

o 46 registered complimentary speakers/chairs

o 18 companies supported the meeting with exhibition or sponsorship

Page 2

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2022

FINANCIAL REVIEW

Financial position

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

The Statement of Financial Activities show an increased income of £317,471 (£86,572 - 2021) and an increased expenditure of £296,076 (£193,517 - 2021).

This equates to a net surplus of resources of a revenue nature of £21,395 (2021- Net deficit £106,945). This net surplus resulted from a significant increase in income from education and Annual Conference back to pre COVID-19 levels and a normal year of fundraising.

The total funds at the year end stands at £353,529 (£332,134 - 2021)

Free unrestricted funds amounted to £348,061 (£326,951 - 2021)

Investment policy and objectives

Any funds invested should not exceed the reserves policy unless held for a specific purpose. All funds invested should be only be invested for 12 months or less.

Reserves policy

The charity aims to retain sufficient capital funds in reserve to permit it to conduct its activities as defined by the Governing Board for a period of 1 year in the absence of any income over this period.

FUTURE PLANS

Following the previous impact of COVID-19, normal levels of income and expenditure have resumed,, Therefore the Board of ARTP are confident that ARTP finances are on a sound footing going forward as educational courses resume along with the resumption of more stable income from spirometry that can be expected through 2022-2023 and beyond.

The Trustees of the charity are very happy with the current direction of the charity and recognise the need to engage with professional's it represents to meet the overall aims of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 3

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2022

The charity structure comprises of the Council of Trustees who determine the strategic direction that the charity should take, and it oversees the Executive Board. The Council members comprise of:

- An elected President

The Executive Board is responsible for the operational aspects of charity. The Executive Board comprises of four primary board members, and then Committee Chairs, which are responsible for specific areas of ARTP business.

ARTP business is broken into seven key areas, each of which may cover several areas of operation, these committees are:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05987719 (England and Wales)

Registered Charity number

1117470

Registered office

Unit E1 City Wharf Davidson Road Lichfield Staffordshire WS14 9DZ

Trustees

R J Harwood J Cooper M R Hubbocks J Hull K Hutchinson M H Lang J Shakespeare

Company Secretary

C Roberts

Page 4

THE AS NOLOGY AN oc N FOR RESPIRATORY LOGY REGISTERED N 5987719 for the REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Elsby & Co Thistkdown Barn 204 Holcot R¢ad Sywell Nonhampton Northimptcnshire NN6 OBG Approved by order of the board of trustses on ..-.. fvA2 and slgned on its behalf br- M H Lang- Tnjstee Page S

Independent Examiner's Report to the Trustees of The Association for Respiratory Technology and Physiology

Independent examiner's report to the trustees of The Association for Respiratory Technology and Physiology ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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

  2. the accounts do not accord with those records; or

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

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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Carl Elsby ACA Elsby & Co Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG

Date: .............................................

Page 6

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the year ended 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
149,851
Charitable activities
Conference and education
164,399
Investment income
3
221
Total
314,471
EXPENDITURE ON
Charitable activities
5
Conference and education
288,524
Other
4,837
Total
293,361
NET INCOME/(EXPENDITURE)
21,110
RECONCILIATION OF FUNDS
Total funds brought forward
326,951
TOTAL FUNDS CARRIED FORWARD
348,061		 Restricted
funds
£
-
3,000
-
3,000
2,715
-
2,715
285
5,183
5,468		 2022
Total
funds
£
149,851
167,399
221
317,471
291,239
4,837
296,076
21,395
332,134
353,529		 2021
Total
funds
£
48,593
31,113
6,866
86,572
190,383
3,134
193,517
(106,945)
439,079
332,134

The notes form part of these financial statements

Page 7

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY (REGISTERED NUMBER: 05987719)

Balance Sheet

31 MARCH 2022

Unrestricted
fund
Notes
£
CURRENT ASSETS
Stocks
10
1,489
Debtors
11
186,976
Cash at bank
307,353
495,818
CREDITORS
Amounts falling due within one year
12
(147,757)
NET CURRENT ASSETS
348,061
TOTAL ASSETS LESS CURRENT
LIABILITIES
348,061
NET ASSETS
348,061
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
5,468
5,468
-
5,468
5,468
5,468		 2022
Total
funds
£
1,489
186,976
312,821
501,286
(147,757)
353,529
353,529
353,529
348,061
5,468
353,529		 2021
Total
funds
£
1,344
116,499
255,584
373,427
(41,293)
332,134
332,134
332,134
326,951
5,183
332,134

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

Page 8

continued...

YHE ASSO ECHNOLOGY AND P R RESPIRATORY RÉG STERED OLOGY 77 Balance Sheet- 31M These financi315tstements haye been prepared in accordance the provisions applicable (ts charlrèble companies subject to rhe small companies regime. The finan£lal stttsments weré xpproved by The 8oird of Trustee5 and aUthOr￿ed for issue on slgned on its behalf by. . and were M H Lang- Trustee The notes form parr ol these financial 5ratements Page 9

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements

for the year ended 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs.

Allocation and apportionment of costs

Costs are allocated between restricted and unrestricted funds based on what the costs are relating to.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Lyn Davies Award Restricted fund- presented at the ARTP and British Sleep Society Conferences to an individual who has driven innovation in the field of sleep medicine.

Educational Bursary Restricted fund - sponsoring Scientist Training Program (STP) and ARTP professional qualification students to attend the ARTP Annual Conference

Page 10

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2022

2. DONATIONS AND LEGACIES

2022
£
Courses
102,655
Memberships
47,196
149,851
3.
INVESTMENT INCOME
2022
£
Bank interest receivable
221
4.
INCOME FROM CHARITABLE ACTIVITIES
2022
Conference
and
education
£
Sales of goods and services
167,399
5.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 6)
note 7)
£
£
Conference and education
55,077
236,162
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2022
£
Cost of charitable activities
44,008
Travel and hotels
11,069
Input VAT partial exemption adjustment
-
55,077		 2021
£
7,180
41,413
48,593
2021
£
6,866
2021
Total
activities
£
31,113
Totals
£
291,239
2021
£
34,703
310
(36,279)
(1,266)

Page 11

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued for the year ended 31 MARCH 2022

7. SUPPORT COSTS

Management
£
Other resources expended
-
Conference and education
200,182
200,182		 Governance
Finance
costs
£
£
-
4,837
8,169
27,811
8,169
32,648		 Totals
£
4,837
236,162
240,999

Support costs, included in the above, are as follows:

Management

2022
Conference
and
education
£
Secretarial support costs
193,888
Computer costs
3,518
Postage and stationery
2,776
200,182
Finance
2022
Conference
and
education
£
Bank charges
8,169
Governance costs
2022
Other
Conference
resources
and
Total
expended
education
activities
£
£
£
Sundries
-
11
11
Accountancy and legal fees
4,837
-
4,837
Legal fees
-
27,800
27,800
4,837
27,811
32,648		 2021
Total
activities
£
150,608
1,821
987
153,416
2021
Total
activities
£
3,325
2021
Total
activities
£
-
3,134
34,908
38,042

Page 12

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued for the year ended 31 MARCH 2022

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
48,593
-
Charitable activities
Conference and education
31,113
-
Investment income
6,866
-
Total
86,572
-
EXPENDITURE ON
Charitable activities
Conference and education
190,383
-
Other
3,134
-
Total
193,517
-
NET INCOME/(EXPENDITURE)
(106,945)
-
RECONCILIATION OF FUNDS
Total funds brought forward
433,896
5,183
TOTAL FUNDS CARRIED FORWARD
326,951
5,183		 Total
funds
£
48,593
31,113
6,866
86,572
190,383
3,134
193,517
(106,945)
439,079
332,134

Page 13

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2022

10. STOCKS

Stocks
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Educational Bursary
Lyn Davies
TOTAL FUNDS		 At 1.4.21
£
326,951
3,908
1,275
5,183
332,134		 2022
£
1,489
2022
£
152,339
17,476
17,161
186,976
2022
£
18,842
1,507
127,408
147,757
Net
movement
in funds
£
21,110
285
-
285
21,395		 2021
£
1,344
2021
£
70,129
31,036
15,334
116,499
2021
£
18,155
1,445
21,693
41,293
At
31.3.22
£
348,061
4,193
1,275
5,468
353,529

Page 14

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued for the year ended 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Educational Bursary
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Educational Bursary
Lyn Davies
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
314,471
(293,361)
21,110
3,000
(2,715)
285
317,471
(296,076)
21,395
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
433,896
(106,945)
326,951
3,908
-
3,908
1,275
-
1,275
5,183
-
5,183
439,079
(106,945)
332,134

Incoming
Resources
Movement
resources
expended
in funds
£
£
£
86,572
(193,517)
(106,945)
86,572
(193,517)
(106,945)

Page 15

continued...

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2022

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Page 16

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Detailed Statement of Financial Activities

for the year ended 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Courses
Memberships
Investment income
Bank interest receivable
Charitable activities
Sales of goods and services
Total incoming resources
EXPENDITURE
Charitable activities
Cost of charitable activities
Travel and hotels
Input VAT partial exemption adjustment
Support costs
Management
Secretarial support costs
Computer costs
Postage and stationery
Finance
Bank charges
Governance costs
Sundries
Accountancy and legal fees
Legal fees
Total resources expended
Net income/(expenditure)		 2022
£
102,655
47,196
149,851
221
167,399
317,471
44,008
11,069
-
55,077
193,888
3,518
2,776
200,182
8,169
11
4,837
27,800
32,648
296,076
21,395		 2021
£
7,180
41,413
48,593
6,866
31,113
86,572
34,703
310
(36,279)
(1,266)
150,608
1,821
987
153,416
3,325
-
3,134
34,908
38,042
193,517
(106,945)

This page does not form part of the statutory financial statements

Page 17