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← Association For Respiratory Technology And Physiology

2024-03-31-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 2024

for

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY (A COMPANY LIMITED BY GUARANTEE)

Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NN10 9TB

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Contents of the Financial Statements for the year ended 31 MARCH 2024

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 22
Detailed Statement of Financial Activities 23 to 24

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 1

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

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.

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. This activity delivers continuing professional development/education for healthcare professionals and healthcare support workers furthering ARTP's charitable objectives of advancing knowledge and standards in the area of Respiratory & Sleep Physiology for the benefit of both our members and their patients.

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 ARTP sets standards for and administers the National Spirometry Register, hosted by the academy for Healthcare Science.

Page 2

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees

for the year ended 31 MARCH 2024

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 that the membership reached 990 in 2023-2024. 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 3

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

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:

There were 58 candidates that enrolled onto the professional qualifications and undertook the professional examinations in 2023-24. 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 2023-24:

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 reached 2478 certified practitioners over various levels in 2023-24.

Enrolment totals in 2023-24 reached 1258, comprised of the following certificate levels;

The ARTP Annual Meeting for 2024 took place at the Harrogate Convention Centre on Thursday 25th April and Friday 26th April 2024.

The programme consisted of 34 talks, 4 Oral presentations, 10 Industry workshops, sponsored by 8 manufacturers, and an exhibition and poster area.

The ARTP Conference 2024 comprised of:

Page 4

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

ARTP is very satisfied that the breadth and depth, as well as the level of delegate/candidate/registrant engagement with the educational programmes, registrations and professional examinations, detailed above, meet our core charitable objectives by advancing continuing professional development, assessing professional competence and promoting and maintaining standards through registration and certification.

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 income of £579,116 (£891,758 - 2023) and an decreased expenditure of £468,741 (£811,926 - 2023).

This equates to a net surplus of resources of a revenue nature of £110,375 (2023- £79,832).

The total funds at the year-end stands at £543,736 (£433,361 - 2023).

Free unrestricted funds amounted to £532,268 (£424,893 - 2023). Restricted funds amounted to £11,468 (£8,468 - 2023).

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 cover fixed, recurring annual expenditure and conduct other core activities, such as Annual Conference and other educational activities, as defined by the Governing Board for a period of 1 year in the absence of any related income over this period and uninsured loss.

In the event of a reduction in reserves below this estimated level the aim is to recover reserves as quickly as possible from annual surpluses whilst maintaining normal charitable activity.

Note: Total income reported this year of £468,741 is a significant reduction from the previous financial year (£811,926), which was noted as exceptional in the previous financial year statement due to the occurrences of 2 ARTP Annual National Conferences within the same financial year. Consequentially, there was no ARTP Annual National Conference within this financial year which significantly reduced income below the Pre-COVID average of £531,895, though this expected income reduction was offset by a one-off educational grant from Health Education England (HEE) of £82,000 to support ARTP's educational programme, accounting for which the operational income was £386,741 in line with expectations with no Conference income for the year. ARTP has a fixed/recurring income of £48,500 from membership/interest (assumed to be static). Further, there are annual costs associated with professional exams which can only be incurred if the exam takes place, as directly related to costs of assessment/marking. This equated to £20,130 in this financial year. Assuming a conservative estimate of insured recoverable costs, the target reserves are therefore currently set at £450K. Within this financial year reserves where £543,736 (£461,736 accounting for one-off HEE grant), fully recovering the reserves from the low point of £332,134 in 2020-21 resulting from the financial impact of COVID-19.

The Charity is therefore confident that this reserves policy is very robust considering the successful maintenance of net positive funds carried forward during the major real-world stress test of COVID-19.

Page 5

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

FINANCIAL REVIEW

Going concern

ARTP is required to submit a narrative as to its status as a going concern. There are sufficient reserves that if ARTP were to continue its current spending plans and there was no further income, that could be maintained for at least another year. ARTP is therefore a going concern.

In a realistic projection however income will continue, and the main sources of income are the annual Conference, Educational courses, Professional exams and the National Spirometry Register. The budget projection is based on the assumption that there will not be significant changes to membership fees or volumes of members; that Conference will be attended in numbers equivalent to number seen in previous years; that the demand for educational courses and professional exams will continue at or above current levels and that the demand for Spirometry Registration will continue at or above the current level. ARTP is therefore confident that it will comfortably remain a going concern.

FUTURE PLANS

Allowing for the lack of Conference income within the year, Income and expenditure have returned to pre-COVID averages, Therefore the Board of ARTP are confident that ARTP finances are on a sound footing going forward with the full range of educational courses resumed along with stable income from spirometry that can be expected through 2024-2025 and beyond.

The education grant from HEE will be utilised within the next 2 financial years to further enhance our educational programmes, including supporting Professional development through the qualifications equivalence programmes provided by the National School of Healthcare Science.

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 6

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees

for the year ended 31 MARCH 2024

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.

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:

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:

Page 7

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Report of the Trustees for the year ended 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

Appointment of Trustees

The Treasurer, Secretary & Vice Chair will be elected by a ballot of the full (voting) membership of the Association in accordance with by-laws set by the ARTP Council from time to time). Officers will (unless the ARTP Council decides otherwise) serve for a term of 2 years from the end of the AGM at which they were appointed. A Director may be eligible for re-election. On completion of their term of office the Vice Chair will take over the Chair role.

The Executive Board will nominate and the ARTP Council will appoint the President who will usually, if willing to stand, be the outgoing Chair. The Executive Board could also choose to nominate another individual from a physiological/scientific background who they believe would be an appropriate representative of the Association. The President does not necessarily have to be a member of ARTP prior to being nominated.

The ARTP Council shall be entitled to appoint up to 4 Directors to fulfil such skills criteria as the ARTP Council shall consider necessary from time to time. The Executive Board shall assist the ARTP Council in recruiting such Directors. The term of Office for such Directors shall be 2 years.

At the conclusion of his term of office a Director who is willing to continue in office may, if the ARTP Councils thinks fit, be re-appointed for a further term.

The ARTP Council may from time to time co-opt a person to serve as a member of the ARTP Council, either to fill casual vacancy or to replace a retiring or disqualified Director, A Director so appointed shall retain his office only until the next Annual General Meeting, but he shall the be eligible for re-election or re-appointment.

Support Services

A variety of support services are in place to support the work of the Association and its administration. Central support services (secretariat, membership and financial) is provided by Executive Business Services (EBS).

EBS are also contracted to administer the Spirometry Register.

Policies and procedures for induction and training of trustees.

Policies:

Induction and training of new trustees

Trustees must be elected/appointed as detailed above and be aware of the role, duties and commitment required prior to undertaking the role. Individuals who have been elected to Trustee posts are required to make a declaration of interests and an undertaking of commitment as a Trustee to the ARTP. They are required to submit a Trustee declaration form to the Charity Commission and complete the process for appointment as an ARTP director by successful submission of an AP0l form to Company House.

All Trustees receive the Memorandum and Articles of Association, and the Association uses the extensive information on the Charity Commission website to support the induction and training of Trustees. In particular, all Trustees are directed to read the Charity Commission guidance - the essential trustee: what you need to know (CC3). The previous trustee, with specific roles/ holding specific titles, such as Treasurer, are asked to stay as a past trustee, to support the newly elected individual in their transition.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05987719 (England and Wales)

Page 8

THE ASSOCIATION FOR RESPIRAT RY TECHNOLOGY AND PHYSIOLOGY Re rt of the Trustees rthe ear ended 31 MARCH 2024 Re8lstered Charfty number 1117470 Re8lstered office Unit El City Wharf Davidson Road Lichfield Staffordshire WS14 9DZ Trustees R J Harwood J Cooper Iresi8ned 25.4.241 M R Hubbocks K Hutchinson (resigned 25.4.241 MHLang J Shakespeare WDMan M A Rutter (appointed 25.4.24) B A Batten (appointed 11.10.241 A Z Day (appointed 11.10.241 Company Secretsry S M McArthur Independent Examlner Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO 9TB Approved by order of the board of trustees on ...2olh.p.￿QrnbPr 2Q24 . and signed on its behalf by: M H Lang- Trustee Page 9

Inde ndent Examlner's Re ort to the Trustees of The Assodatlon for Res Irat Tethnolo and Ph ol Independent examiner's report to the trustees of The Assoclatlon for RespJrat•)ry Te¢hnolo8y and Phy40108y {'the Q>mpaty'l I report to the charity trustees on my examination of the accounts of the Company forthe year ended 31 March 2024. Responsibilities and basls of report As the chadty's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in atcordance with the requirements of the Companies Act 20061'the 20(￿ Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2(KJ6 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carrled out under Section 145 of the Charities Act 2011 I'the 2011 Art'l. In carrying out my examination I have followed the Dlrections given by the Charity Commission under Section 14151 Ibl of the 2011 Art. Independent examlner's statement Slnce your charlty's gross Income exceeded £250.0(K) your examlner must be a member of a Ilsted body. I can conflrm that l am quallfied to undertake the examlnation because l am a member of the Instltute of Chartered Accountsnts In England and Wales. whlch Is one of the listed bfyjles. I have completed my examinatlon. I conflrm that no matters have come to my attentlon In connectlon with the examination giving me cause to believe- accounting records were not kept In respect of the Company as rquired by Section 386 of the 2006 Att,. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Sertion 396 of the 2(K)6 Act other than any requirement that the accounts give a true and fair view whlch Ss not a matter consldered as part of an Independent examlnatlon- or the accounts have not been prepared in accordan￿ with the methods and principles of the Ststement of Recommended Practice for accounting and reportlng by charities (applicable to charities preparing their a¢counts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come acr05s no other matters In connertlon wlth the examlnation to whith attention should be drawn in this report in orderto enable a proper understsnding of the accounts to be reached. Carl Elsby ACA sby&Co 155 Welllngborough Road Rushden Northamptonshi NN109TB Date:.. Page 10

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 MARCH 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
5
Conference and education
318,833
Other trading activities
3
255,085
Investment income
4
2,198
Total
576,116
EXPENDITURE ON
Charitable activities
6
Conference and education
468,741
NET INCOME
107,375
RECONCILIATION OF FUNDS
Total funds brought forward
424,893
TOTAL FUNDS CARRIED FORWARD
532,268		 Restricted
funds
£
3,000
-
-
-
3,000
-
3,000
8,468
11,468		 2024
Total
funds
£
3,000
318,833
255,085
2,198
579,116
468,741
110,375
433,361
543,736		 2023
Total
funds
£
3,000
656,371
231,570
817
891,758
811,926
79,832
353,529
433,361

The notes form part of these financial statements

Page 11

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY (REGISTERED NUMBER: 05987719)

Balance Sheet

31 MARCH 2024

Unrestricted
fund
Notes
£
CURRENT ASSETS
Stocks
11
7,180
Debtors
12
323,899
Cash at bank
589,160
920,239
CREDITORS
Amounts falling due within one year
13
(387,971)
NET CURRENT ASSETS
532,268
TOTAL ASSETS LESS CURRENT LIABILITIES
532,268
NET ASSETS
532,268
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
11,468
11,468
-
11,468
11,468
11,468		 2024
Total
funds
£
7,180
323,899
600,628
931,707
(387,971)
543,736
543,736
543,736
532,268
11,468
543,736		 2023
Total
funds
£
1,457
145,990
350,015
497,462
(64,101)
433,361
433,361
433,361
424,893
8,468
433,361

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOU)GY REGISTERED NUMBER: 05987719 Balance Sheet- continued 31 MARCH 2024 These financial statements have been prepared in accordance with the provtsions applicable to charitable companies subjert to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue 20th De￿mber 2024 . and were signed on its behalf by: on L<L M H Lang- Truste The no￿$ form ￿￿[ of these Iinanciai ￿aternents Page 13

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Cash Flow Statement

for the year ended 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
248,415
248,415
2,198
2,198
250,613
350,015
600,628		 2023
£
36,377
36,377
817
817
37,194
312,821
350,015

The notes form part of these financial statements

Page 14

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Cash Flow Statement

for the year ended 31 MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Interest received
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 2024
£
110,375
(2,198)
(5,723)
(177,909)
323,870
248,415		 2023
£
79,832
(817)
32
40,986
(83,656)
36,377

2.

ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank 350,015 250,613 600,628
350,015 250,613 600,628
Total 350,015 250,613 600,628

The notes form part of these financial statements

Page 15

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements for the year ended 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

Details of specific fund accounting is set out in note 14.

continued...

Page 16

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2024

2. DONATIONS AND LEGACIES

2024
£
Donations
3,000
3.
OTHER TRADING ACTIVITIES
2024
£
Courses
200,190
Memberships
54,895
255,085
4.
INVESTMENT INCOME
2024
£
Bank interest receivable
2,198
5.
INCOME FROM CHARITABLE ACTIVITIES
2024
Conference
and
education
£
Sales of goods and services
318,833
6.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 7)
note 8)
£
£
Conference and education
122,156
346,585		 2023
£
3,000
2023
£
175,885
55,685
231,570
2023
£
817
2023
Total
activities
£
656,371
Totals
£
468,741

continued...

Page 17

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2024

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Cost of charitable activities
Venue costs
Travel and hotels
Input VAT partial exemption adjustment		 2024
£
64,751
44,500
12,905
-
122,156		 2023
£
59,644
156,519
251,893
42,141
510,197

8. SUPPORT COSTS

SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Conference and education 286,872 13,952 45,761 346,585

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

Management

2024
Conference
and
education
£
Secretarial support costs
244,007
Computer costs
27,553
Postage and stationery
15,312
286,872
Finance
2024
Conference
and
education
£
Bank charges
13,952
Governance costs
2024
Conference
and
education
£
Sundries
-
Accountancy and legal fees
7,936
Legal fees
37,825
45,761		 2023
Total
activities
£
233,349
21,143
3,373		 2023
Total
activities
£
233,349
21,143
3,373
257,865
2023
Total
activities
£
10,432
2023
Total
activities
£
100
5,139
28,193
33,432
33,432

continued...

Page 18

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2024

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
Conference and education
656,371
Other trading activities
231,570
Investment income
817
Total
888,758
EXPENDITURE ON
Charitable activities
Conference and education
811,926
NET INCOME
76,832
RECONCILIATION OF FUNDS
Total funds brought forward
348,061
TOTAL FUNDS CARRIED FORWARD
424,893		 Restricted
funds
£
3,000
-
-
-
3,000
-
3,000
5,468
8,468		 Total
funds
£
3,000
656,371
231,570
817
891,758
811,926
79,832
353,529
433,361

continued...

Page 19

THE ASSOCIATION FOR RESPIRATORY

TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2024

11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
Accrued expenses
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Educational Bursary
Lyn Davies
TOTAL FUNDS		 At 1.4.23
£
424,893
7,193
1,275
8,468
433,361		 2024
£
7,180
2024
£
148,259
175,640
323,899
2024
£
102,946
4,314
5,087
275,624
387,971
Net
movement
in funds
£
107,375
3,000
-
3,000
110,375		 2023
£
1,457
2023
£
116,087
29,903		 2023
£
1,457
145,990
2023
£
25,004
11,932
2,042
25,123
64,101
At
31.3.24
£
532,268
10,193
1,275
11,468
543,736

continued...

Page 20

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued for the year ended 31 MARCH 2024

14. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fund
576,116
Restricted funds
Educational Bursary
3,000
TOTAL FUNDS
579,116
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
348,061
Restricted funds
Educational Bursary
4,193
Lyn Davies
1,275
5,468
TOTAL FUNDS
353,529
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
888,758
Restricted funds
Educational Bursary
3,000
TOTAL FUNDS
891,758		 Resources
Movement
expended
in funds
£
£
(468,741)
107,375
-
3,000
(468,741)
110,375
Net
movement
At
in funds
31.3.23
£
£
76,832
424,893
3,000
7,193
-
1,275
3,000
8,468
79,832
433,361
Resources
Movement
expended
in funds
£
£
(811,926)
76,832
-
3,000
(811,926)
79,832

Restricted funds that have been spent during the year include the following: - 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.

continued...

Page 21

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Notes to the Financial Statements - continued

for the year ended 31 MARCH 2024

14. MOVEMENT IN FUNDS - continued

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 22

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Detailed Statement of Financial Activities
for the year ended 31 MARCH 2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Courses
Memberships
Investment income
Bank interest receivable
Charitable activities
Sales of goods and services
Total incoming resources
EXPENDITURE
Charitable activities
Cost of charitable activities
Venue costs
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		 2024
£
3,000
200,190
54,895
255,085
2,198
318,833
579,116
64,751
44,500
12,905
-
122,156
244,007
27,553
15,312
286,872
13,952
-
7,936
37,825
45,761		 2023
£
3,000
175,885
55,685
231,570
817
656,371
891,758
59,644
156,519
251,893
42,141
510,197
233,349
21,143
3,373
257,865
10,432
100
5,139
28,193
33,432

This page does not form part of the statutory financial statements

Page 23

THE ASSOCIATION FOR RESPIRATORY TECHNOLOGY AND PHYSIOLOGY

Total resources expended
Net income		 Detailed Statement of Financial Activities
for the year ended 31 MARCH 2024		 2024
£
468,741
110,375		 2023
£
811,926
79,832

This page does not form part of the statutory financial statements

Page 24