REGISTERED COMPANY NUMBER: 05987719 (England and Wales)
REGISTERED CHARITY NUMBER: 1117470
Re
ort of the Trustees and
Unaudlted Flnanclal Statements for the Year Ended 31 March 2025
THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
A COMPANY UMITED BY GUARANTEE
Elsby & Co
IS5 Wellingborough Road
Rushden
Northamptonshire
NNIO 9TB

THE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Contents of the Financlal Statements
for the ear ended 31 MARCH 2025
Page
Report of the Trustees
Independent Examlner's Report
Statement of Flnancial Artivltles
Balance Sheet
10 to 11
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Flnan¢lal Statements
14 to 20
Detailed Statement of Flnan¢lal Actlvftles
21

THE ASSOUATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re
ort of the Trustees
forthe
ear ended 31 MARCH 2025
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 2025. The trustees have adopted the
provisions of Accounting and Reportin8 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 IFRS 1021 (effective l January 20191.
OBJEcfivES AND ACTIVITIES
Objertlves and alms
The Association for Respiratory Technology and Physiology'5 objective5 and activities are to advance for the publlc
benefit the service and practice of Respiratory and Sleep Physiology and allied subjerts by:
al Delivering and promoting education and training pro8rammes 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 przctitioners
and the general public.
d} Promoting advances in diagnostlc, treatment and care of patients with respiratory and sleep diseases,
el Communicating with all stakeholders.
fj Representing the interests of practitioners at all levels.
The Association for Respiratory Technology & Physiology IARTPI, through standard5 of training and quality assurance,
is the professional guardian of physiological measurement in respiratory and sleep medicine in the UK. With over 40
years of experien¢e in the design and delivery of respiratory physiology services, ARTP provides the only national
professionally recognised qualificatlons In Respiratory Function Testin8 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,.
ARTP also recommends standards for the design and delivery of respiratory physiology services through position
papers from ARTP Working Groups on the strurture. funrtion 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 organise5 an annual Conference, meetings and other educational courses on many respiratory and sleep
physiolo8y topics. This actlvSty 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 Phy5io108y for the benefit of both our members and their patients.
Nationally, the ARTP informs and influences major organisations about the delivery of respiratory physiology services.
Furthem)ore, the 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.
The ARTP works in conjunction with the Britlsh Thoracic Society to produce national guidelines and standards for good
pra¢ti¢e in the performance of respiratory measurement. It works closely with the Department of Health and Academy
for Healthcare Science in formulating pollcy and in the strategic directlon of the profession.
The ARTP hosts the multi-disclplinary Sleep Apnoea Consortium and now has a membership section for sleep
practitioners.
The ARTP is a founder member of the Association of Clinical Scientists organisation, the Institute of Physiological
Sciences and the Federation of Healthcare Scientists.
Page I

THE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re
rt of the Trustees
for the ear ended 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activitie5
The Trustees are delighted to report that the membership reached 1731 in 2024-202512023-2024: 990). This increase
is largely reflected by new spirometry register re8lStrations being offered free membership for a year but also reflects
an ongoing trend of Increased core membership figures to 1216 in 2024-2025 12023-2024.. 9901, This is a result of
ongoing promotional efforts and raising awareness of the profile of the ARTP through high quality courses.
conferences and qualiflcatlons.
The ARTP'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 31
Clinical (Level 21
Associate (Level 11
In 2024-2025 there were 100 candidates 12023-2024: 581 that enrolled onto the professional qualifications and
undertook the professional examinations. Enrolments include:
Professional Qualification Practitioner- 72
Professional Qualification Associate - 20
Professional Qualification Clinical 8
The ARTP provides several certificates of competence that allow individuals to demonstrate competency in specific
respiratory or sleep techniques. These include the following certlficates along with the number of candidates enrolled
in 2024-2025:
- Overnight Pulse Oximetry- 15 candidates12023-2024: 28 candidates)
- Ovèrnight and Polygraphy Practitioner- 9 candidate$12023-2024: 2 candidatesl
Practical Blood gas Samplin8- 12 candidates12023-2024: 15 candidates)
CPAP Associate Ilntroductoryl - 4 candidates12023-2024.. 8 candidates)
- CPAP Practitioner IAdvancedl - 5 candidates12023-2024: 11 candidates)
- CPAP Progression Ilntroductory to Advanced) - no candidates12023-2024: no candldatesl
PQ Enrolments- no candidates12023-2024: 58 candidates)
The Association for Respiratory Technology and Physiology is the holder of the Spirometry national register of
individuals that have obtalned certification in Spirometry. Thls register reached 244412023-2024: 24781 certified
practitioners over various levels in 2024-2025.
Enrolment totals in 2024-2025 reached 74312023-24: 12581, comprised of the following certificate levels,.
- Performing & Reporting IAdultl- 41512023-2024: 7651
Performing & Reporting IAdult & Paediatricl - 66 {2023-2024: 941
- Performing & Reporting IPaediatricl - 441202>2024: 351
- Performin8 (Adult) - 9912023-2024: 242)
Performing (Adult & Paediatricl - 1312023-2024: 61
Performing IPaediatri¢l - 412023-2024.. 41
Reporting {Adult & Paediatricl - 2112023-2024: 71
Reporting {Adultl - 4112023-2024: 78}
Reportlng IPaediatricl - 412023-2024.. 11
- Top Up (Paediatricl - 1812023-2024,. 231
- Re￿rtIfiCation Performing & Reporting (Adult) - 9 {2023-2024: 11
Recertification Performing (Adult) - 712023-2024: 1}
Recertlfication Reporting (Adult) - 112023-2024: 1)
Recertification Perforrning & Reporting (Adult & Paediatricl - 112023-2024: 01
Page 2

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re ort of the TNstees
for the
ear ended 31 MARCH 2025
The ARTP Annual Meeting for 2025 took place at Scottish Event Campus, Glasgow. The programme consisted of 28
talks. 4 Oral presentations, 9 Industry workshops. sponsored by 7 manufacturers, and an exhibition and poster area.
The ARTP Conference 2025 comprised of 316 registered delegates, 123 exhibitor personnel, 35 companies supported
the meeting with exhibition or sponsorship (includin8 two charities and an ARTP Stand) and 350 attendees at the gala
dinner. A total of 77 abstracts were submitted, with 53 poster presentations.
The ARTP is very 5ati5fied that the breadth and depth, as well as the level of delegatelcandidatelregistrant
en8a8ement with the educational programmes, registrations and professional examinations, detsiled above. meet our
core charitable objective5 by advan¢ing continuing professional development, assessing professional competence and
promoting and maintaining standard5 through registration and certification.
FINANCIAL REVIEW
Financial posltion
The Board of Trustees is satisfied that the Charity's assets in each fund are available and adequate to fulfil its
obligations.
The Statement of Financial Artivities show income of £796.12212024: £579,116) and expenditure of £791,613 (2024:
£468,741). This equates to a net surplus of £4,509 (2024: £110,375).
The total funds at the year-end stand at £548,24512024: £543.7361. Unrestricted funds amounted to £546,970 {2024:
£532,268). Restricted funds amounted to £1,27512024: £11,468).
Investment pollcy and obJe¢tlves
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 suffi¢ient re5erve5 to cover its fixed and recurring annual expenditure and to ensure
continuity of its core activities. This in¢ludes twelve months of administrative support contract Costs, the ARTP
examinationlassessment fees, and website maintenance.
The reserves level was previously set at £450,000 based on historic expenditure patterns. Following a review of
current core running costs, the Trustees have calculated that required reserves should be between £345,OLh)-£410,000
including an estimate of the non-recoverable portion of committed costs for the annual conference.
At the year end. the Charity held unrestricted reserve5 of £546,970, of which £126,138 anticipated as being requires
for future year expenditure in areas other than those identified above. This leaves £420,832 as free unrestricted
reserves.
Free reserves were therefore £75,832 above the required minimum level. The Trustees recognise that while the
Charity's income remains generally stable, there are early slgns of a contraction in some Streams. Maintainlng free
reserves above the minimum level provides a financial buffer to manage any short-term fluctuatlons in income while
continuing essential activities and commitments. As part of their forward planning, the Trustees will also undertake a
strate8ic review to identify areas where surplus reserves can be invested to enhance the Charity's impact and
strengthen operational capacity.
Page 3

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re
ort of the Trustees
for the ear ended 31 MARCH 2025
FINANCIAL REVIEW
Going concern
The Trustees have assessed the Charity's ability to continue as a going concern. At the year end, free reserves
amounted to £420,832, which is £75,832 above the minimum level required to meet its core, committed expenditure
for a full year.
The overall level of expenditure increased during the year compared with the previou5 financial year (from £468,741
to £791,613), reflecting higher venue and administrative costs. absence of the annual conference in the previous
financial year, partial expenditure of a one-off HEE 8rant, and one￿ff expenditure on website and database
development. The Trustees are reviewing these cost increases and considering options to mana8e expenditure in
future years.
The Trustee5 have reviewed cash flow forecasts and note a slight contraction in certain income streams. While this is
not expected to compromise the Charity's operational ability, the Trustees will continue to monitor trends closely and
adjust expenditure plans as necessary. The existing reserves provide sufficient headroom to absorb moderate
reductions in income while maintainlng core operations and fulfilling contractual obligation5.
The Trustees have reviewed cash flow forecasts and are satisfied that the Charity has sufficient funds and expected
income to meet its obligation5 a5 they fall due for the foreseeable future. Income is expected to continue from the
Charity's principal sources assuming that:
- Membership fees and volumes remain broadly consistent with previous years;
Conference attendance remaSns In Ilne with historical trends.
Demand for Educational Courses and Professional Examinations continues at or above current levels,. and
- Spirometry registrations remain stable or increase modestly.
On this basis. the Trustees consider that the ¢harity has adequate resources to continue in operational existence for at
least twelve months from the date of approval of these financial statements and therefore continue to adopt the
going concern basis of accounting.
FUTURE PLANS
Income and expenditure have both increased during the reporting period, primarily due to the relocation of the
annual conference to a larger venue to accommodate rising attendance and interest in the event. In addition, the
Charity has made a significant investment in the development of a new website, scheduled for launch later in 2025.
This represents a one-off computer cost expenditure spread across the 2024-2025 and 2025-2026 financial years.
The educatlon grant received from Health Education England {HEEI wlll be fully utilised within the next financial year
to enhance the Charity's educational programme. This will include the development of educational videos and
resources to support trainees, healthcare professionals. and patients.
The Trustees also plan to convene in the coming year to explore opportunities for developing new educational
initiatives that will further advance the Charity's aims. As part of this process, the Trustee5 will consider how best to
deploy the free reseNes identified to 5UPPOrt this work, ensurin8 that any investment 15 5U5tainable, strategically
aligned, and maximises benefit for the professional community and the public.
The Trustees are satisfied with the current strategic direction of the Charity and remain committed to ensuring that its
activities contlnue to align with its charitable objettives. The Trustees also recognlse the importance of continued
engagement with the professional community the charity represents in order to ensure its work remains relevant and
responsive to sector needs.
Page 4

THE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re ort ot the Trustees
for the ear ended 31 MARCH 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming 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.
The Charity structure comprises of the Council of Trustees. who determine the strategic direction that the Charity
should take and oversee5 the Executive Board. The Council members comprise of:
- An elected President
Four independent non*xecutive directors {Legal. Financlal. Workforce / Human Resources and a Patient
Representative)
Four Primary Executive Board members (Chair, Vice Chair, Treasurer and Secretary I
The Executive Board is responslble for the operational aspects of Charity- The Executive Board comprises of four
prlmary board members. and then Committee Chairs. which are responsible for specific areas of the ARTP business.
ARTP is broken into seven key areas. each of which may cover several areas of operation. these committees are:
Comrnunication
- Workforce
Spirometry
Standards
Education and Training
Events
Paediatrlcs
- Sleep
Page 5

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Re
ort of the Trustees
for the ear ended 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMEThrr
Recrultment and appointment of new trusteès
The Treasurer, Secretary & Vice Chair will be elected by a ballot of the full {votin81 membership of the ARTP in
accordance with by-laws set by the ARTP Council from time to time. Officers will (unless the ARTP Council decide5
otherwise) serve for a term of 2 years from the end of the AGM at which they were appointed. A Trustee 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
physiolo8ical/scientific background who they believe would be an appropriate representative of the ARTP. The
President does not necessarily have to be a member of the ARTP prior to bein8 nominated.
The ARTP Council shall be entitled to appoint up to 4 Trustees to fulfil such skills criteria as the ARTP Councll shall
consider necessary from time to time. The Executive Board shall assist the ARTP Council in recruiting such Trustees.
The term of office for such Trustees shall be 2 years.
At the conclusion of hi5 term of office a Trustee who is willing to continue in office may, if the ARTP Councils thinks fit,
be re-appointed for a further term.
The ARTP Councll may from time to time C￿opt a person to serve as a member of the ARTP Council, either to fill
casual vacancy or to replace a retiring or disqualified Trustee, A Trustee so appointed shall retain his office only until
the next Annual General Meetln& but he shall be eligible for re-election or re-appointment.
Support Services
A variety of support services are in place to support the work of the ARTP and its administration. Central support
servites (secretariat. membership and flnancièlj is provided by Executive Business Services IEBSI. EBS are also
contracted to administer the Spirometry Register.
Policies and procedures for induction and trainin8 of trustees include the following:
ARTP Articles of Association
- ARTP Code of Conduct
Declaration of Interests
Indurtion and training of new trustees
Trustees must be electedlappointed 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 a5 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 APOI form to Company House.
All Trustee5 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 Twstees are
directed to read the Charity Commission guidance - the essential trustee: what you need to know ICC3}. The previous
Trustee. with specific roles/ holdlng 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
Re8iStered Company number
05987719 (England and Wales)
RegIste￿d Charity number
1117470
Page 6

THE
CIATION FOR RESPIRA
TECHPIOLOGY AND PIIYSIOLOGY .'
Re ort of tt￿TrUStees
for the
ear ended 31 MAR
Re8tste. r¢d
c/0 Executtv
Stowe House
SLChad's
Uthfleld
staffordshlre
sts srj
Busi
Support
Trustees
R J Harwood
J Cooper Ires
M R Hubboc
K Hutchinson
MHLan8
J Shakespea
ned 25
4.24)
25.4.241
M A Rutter
B h Batten (a
AZDay (app
R J Glover (a
dRes
poin
Inted I
polnted
ratory Physiologist (appolnted 25.4:241-
11.1024)
.10.241
.1.25)
etary
S M McArthu.
'Independe
Elsby & Co
SS Welllngb
Rushden
Northaiiipt
NN109TB
Examin
oad
shire
Approved bv
rder of
e board of trustees oh.....
. and s18ned on its behalf by.
Gloyer- T
stee
Pag¢ 7

Inde endent Examlner's Re
rt to the Trustees of
The Assoclatlon for Res irator
Technolo
and Ph slolo
Independent examlner's report to the trustees of The Assoclatlon for Re4>lratory Technology and Physlolo8y ('the
CompanVI
I report to the charitytrustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity'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 accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myselfthat the accounts ofthe Company are not required to be audited under Part 16 ofthe 2￿6 Att
and are eli8ible for independent examination, I report in resped of my examination of your charity's accounts as
arried out under Section 145 of the Charities Act 2011 {'the 2011 Act'l. In Carrying out my examination I have
followed the Directions given by the Charlty Commission under Section 14515) Ibl of the 2011 Act.
Independent examlner's statement
Since your charity's 8r055 income exceeded £250,OIKI your examiner must be a member of a listed body. I can confirm
that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in
England and Wales, 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..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act: or
the accounts do not accord with those records- or
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
the accounts have not been prepared in accordance with the methods and principle5 of the Statement of
Recommended Practice for accounting and reporting by charities lapplic3ble to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211.
I have no concerns and have come across no other matters in connection wlth the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
LYL
Leona Bateman ACA
Elsby & Co
155 Wellingborou8h Road
Ru5hden
Northamptonshire
NNIO 9TB
22 December 2025
Page 8

ThE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Statement of Financlal Actlvhles
oratin
an Income and Ex
endlture Account
for the
ear ended 31 MARCH 2025
Incor
2025
Total
funds
2024
Total
funds
Unrestricted
fund
Restrirted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
Charitable activities
Conference and education
439.357
439,357
318,833
Other trading attivities
Investment income
351.382
2,383
351.382
2,383
255.085
2,198
Total
793,122
796.122
579,116
EXPENDITURE ON
Charitsble actlvltles
Conference and education
778,420
13,193
791,613
468,741
NET INCOMEI(EXPENDITUREI
14,702
110,1931
4,509
110,375
RECONCIUATION OF FUNDS
Total funds brought forward
532,268
11.468
543,736
433.361
TOTAL FUNDS CARRIED FORWARD
546,970
1,275
548,245
543.736
The notes form part of these financial statements
Pa8e 9

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIQLQGY
REGisfERED NUMBER: 05987719
Balance Sheet
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund
Restricted
funds
Notes
CURRENT ASSErs
Stocks
Debtors
Cash at bank
li
12
13,265
283,878
622.856
13,265
283,878
624.131
7.180
323,899
600,628
1,275
919,999
1,275
921,274
931,707
CREDITORS
Amounts falling due within one year
13
(373.0291
{373,029)
1387,9711
NET CURRENT ASSETS
546,970
1,275
548,245
543,736
TOTAL ASSEfs LESS CURRENT LIABILITIES
546,970
1,275
548.245
543.736
ASSErs
546,970
1,275
548.245
543,736
FUNDS
Unrestricted funds
Restrirted funds
14
546.970
1,275
532,268
11,468
TOTAL FUNDS
548,245
543,736
The charitable company is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the year
ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2025 in accordance with Section 476 of the CompaniesAtt 2006.
The trustees acknowledge their responsibilities for
la)
ensurlng that the charitable company keeps accountlng records that comply wlth Sections 386 and 387 of the
Companies Act 2006 and
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 fin3ncial statements
Page 10
continued...

THE AS%)C
AND PHY
ATION FOR RESPIIIATORY
EGISTERED
TECHNO
Balanc• Sh@et- contlnue
31MA
CH 202
These finandal statements have been prepared In accordance T￿th the provlslons appllcable to charltsble companies
subject to the *nall companles reglme.
The financial statements were approved by the Board of Trustees and authorlsed for Issue on
%%..l.Lk.l..ZS................ and were signed on its behalf by:
J Glover- Trustee
The notss form part of these flnanclal statements
Pa8e 11

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Cash Flow Staternent
ar ended 31 MARCH 2025
for the
2025
2024
Notes
Cash flows from operating activities
Cash 8enerated from operations
21.120
248,415
Net cash provided by operating activities
21.120
248.415
Cash flow5 from Investlng actlvltles
Interest received
2,383
2,198
Net cash provided by investing activities
2,383
2,198
Change In cash and cash equivalents in the
reportlng period
Cash and cash equivalents at the beginnlng
of the reportlng period
23,503
250,613
6(Ki.628
350.015
Cash and cash equivalents at the end of
the reporting perlod
624,131
600.628
The notes form part of these financial ststements
Page 12

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Cash Flow Statement
for the ear ended 31 MARCH 2025
RECONCIUATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net Income for the reporting period (as per the Statement of Flnanclal
Attlvities)
Adlustments for:
Interest received
Increase in stocks
Decreasellincreasel in debtors
{Decreasel/increase in creditors
4,509
110,375
12.3831
16,0851
40,021
114,9421
12.1981
15,723}
1177.909}
323,870
Net cash provided by operations
21,120
248.415
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank
600,628
23,503
624,131
600,628
23,503
624,131
Total
600,628
23,503
624.131
The note5 form part of these financial statements
Page 13

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Flnanclal Statements
forthe ear ended 31 MARCH 2025
ACCOUNTING POLICIES
Basls of preparln8 the financial statements
The flnancial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared In accordance with the Charities SORP IFRS 102} 'Accountin8 and Reporting by Charities.. Statement
of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Art 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Artivities 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 a5 there is a legal or constructive obligation committing the
charity to that expendlture. It Ss 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
direttly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Charltable activities
Costs of charitable activities comprise all costs incurred In the pursuit of the charitable objects of the charity.
These costs. where not wholly attributsble, are apportioned between the cate8ories of charitable
expenditure in addition to the direct costs.
Allocation and apportlonment of ¢osts
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 Sn bringing
stock to its present locatlon and condition.
Taxatlon
The charity is exempt from corporatlon tax on its charitable actlvlties.
Fund accounting
Unrestricted fund5 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 Wlthin the objects of the charity.
Restrirtions arise when specified by the donor or when funds are raised for particular restricted purposes.
Details of specific fund accountin8 is set out in note 14.
Page 14
continued...

THE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Financial Statements- continued
for the
ear ended 31 MARCH 2025
DONATIONS AND LEGACIES
2025
2024
Donations
3,000
OTHER TRADING AcnviTIES
2025
2024
Courses
Memberships
253,015
98,367
200.190
54,895
351,382
255,085
INVESTMENT INCOME
2025
2024
Bank interest receivable
2,383
2.198
INCOME FROM CHARITABLE ACTIVITIES
2025
Conference
and
education
2024
Total
activities
Sale5 of goods and services
439,357
318.833
CHARITABLE AcfiviTIES COSTS
Direct
Costs (see
note 71
Support
costs (see
note 81
Tota15
Conference and education
404,867
386,746
791,613
Page 15
continued...

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOIOGY
Notes to the Flnanclal Statements- contlnued
for the
ear ended 31 MARCH 2025
DIRECT COSTS OF CHARITABLE AcrnimES
2025
2024
Cost of charitable activities
Venue costs
Travel and hotels
105,592
161,978
137,297
64,751
44,500
12,905
404,867
122,156
SUPPORT Cosrs
Governance
¢osts
Management
Finance
Totals
Conference and education
323.906
21.303
41,537
386,746
Support cost5. included in the above, are as follows:
Management
2025
2024
Conference
and
educatlon
Total
activities
Secretarial support costs
Computer costs
Postage and stationery
262,269
57,068
4,569
244,007
27,553
15,312
323,906
286,872
Finance
2025
Conference
and
education
2024
Total
activities
Bank charges
21,303
13.952
Governance costs
2025
Conference
and
education
2024
Total
activities
Sundrie5
Independent examination fees
Professional fees
46
6,085
35,406
7,936
37,825
41,537
45.761
Page 16
continued...

THE AssoaATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Flnanclal Statements- continued
for the
ear ended 31 MARCH 2025
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACrnIITIES
Unrestricted
fund
Restrirted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,000
3.000
Charltable artlvltles
Conference and education
318,833
318,833
Other trading activities
Investment income
255,085
2,198
255,085
2,198
Total
576,116
3,000
579,116
EXPENDITURE ON
Charitable actlvities
Conference and education
468.741
468,741
NET INCOME
107,375
3,000
110.375
RECONCILIATION OF FUNDS
Total funds brought forward
424,893
8,468
433,361
TOTAL FUNDS CARRIED FORWARD
532,268
11,468
543,736
Page 17
continued...

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Financial Statements- continued
for the ear ended 31 MARCH 2025
ii.
STOCKS
2025
2024
Stocks
13,265
7.180
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Prepayments and accrued income
150,855
133,023
148,259
175,640
283,878
323.899
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Deferred income
2025
2024
Deferred income at l April 2024
Resources deferred during the year
Amounts released from prior year
270,610
305,544
1270,610)
21,610
270,610
121.6101
Deferred Income at 31 March 2025
305,544
270,610
Deferred income relates to income received in the year specifically relating to performance conditions to be
met in the following year.
14.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestrlrted funds
General fund
532,268
14.702
546,970
Restricted funds
Educational Bursary
Lyn Davies
10,193
1,275
110,193)
1,275
11,468
110,193)
1,275
TOTAL FUNDS
543,736
4,509
548.245
Page 18
continued...

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Financial Statements- continued
for the ear ended 31 MARCH 2025
14.
MOVEMENT IN FUNDS- contlnued
Net movement in funds, included in the above are as follows:
Incoming
resource?
Resources
expended
Movement
in funds
Unrestrlrted funds
General fund
793,122
1778,420)
14,702
Restricted funds
Educational Bursary
3,000
{13,1931
110,193}
TOTAL FUNDS
796.122
{791,613)
4,509
Comparatlves for movement In funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fvnd
424,893
107.375
532.268
Restrlrted funds
Educational Bursary
Lyn Davies
7,193
1,275
3,000
10,193
1.275
8,468
3.000
11.468
TOTAL FUNDS
433.361
110,375
543,736
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlrted funds
General fund
576,116
1468.7411
107,375
Restrlcted funds
Educational Bursary
3,(KlO
3,000
TOTAL FUNDS
579.116
1468,741)
110,375
Education grant
The Charity recelves an annual grant which is restricted for use towards the support of individuals. The grant 15
fully utilised each year to fund qualifying expendÈture in accordance with the terms of the restriction,
Page 19
continued...

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Notes to the Nnanclal Statements- contlnued
for the ear ended 31 MARCH 2025
14.
MOVEMENT IN FUNDS- continued
In previous year5, the grant income was not offset against the corresponding expenditure in the financial
statements. During the current year. this has been reviewed and correrted to ensure that the restricted grant
income and the related expenditure are properly matched. The adjustment has been reflected in the Current
year's account5 to present the use of restricted funds more accurately.
This correction has no impact on the total funds of the Charity but improves the presentation and
transparency of restricted fund movements.
15.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 nor for the year ended 31 March
2024.
Page 20

THE ASSOCIATION FOR RESPIRATORY
TECHNOLOGY AND PHYSIOLOGY
Detailed Statement of Financial Activities
for the
ar ended 31 MARCH 2025
2025
2024
INCOME AND ENDOWMENTS
Donations and lega¢les
Donations
3,000
3,OIXI
Other trading activities
Courses
Memberships
253,015
98,367
200,190
54,895
351,382
255.085
Investment income
Bank interest receivable
2,383
2,198
Charitable activities
Sales of good5 and services
439,357
318.833
Total incomlng resources
796,122
579,116
EXPENDITURE
Charltable artlvtties
Cost of charitable a¢tlvities
Venue costs
Travel and hotels
105,592
161,978
137,297
64,751
44.500
12,905
404,867
122,156
Support costs
Management
Secretarial support Costs
Computer costs
Postage and stationery
262.269
57.068
4.569
244,007
27,553
15,312
323,906
286.872
Finance
Bank charges
21,303
13,952
Governance costs
Sundries
Independent examination fees
Professional fees
46
6.085
35.406
7.936
37,825
41.537
45,761
Total resources expended
791,613
468,741
Net income
4,509
110,375
This page does not form part of the statutory financial statements
Page 21