NPPG
A Private Company Limited by Guarantee
Company Number: 4620347
Registered Charity Number.. 1117648
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2024

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Reference and Administrative Details
Report of the Board {Including Directors, Report)
Independent Auditors, Report
Statemgnt of Financial Activities
(Including Income and Expenditure Acwunt)
Balance Sheet
Accounting Policies
Notes to the Financial Statements
Income and Expenditure Account

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REFERENCE AND ADMINISTRATIVE DETAILS
DIRECTORS..
S R Tomlin
N Gooding
N Christiansen
P Sanderson
C Benn
SECRETARY:
Profile Productions Limited
CHAIR:
N Christiansen
TREASURER:
P Sanderson
REGISTERED OFFICE.,
Boundary Hous8
Boston Road
Hanwell
London
W7 2QE
COMPANY NUMBER:
4620347
REGISTERED CHARITY NUMBER..
1117648
STATUTORY AUDITOR..
DonnellyBentley Ltd
Chartered Accounlanls & Statutory Auditor
Hazlemere
70 Chotl8y Ngw Road
Bolton
Lancashire
BL14BY
BANKERS:
HSBC
525 Prescot Road
Old Swan
Liverpool
L13 5UU

A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD {AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees. who are also dirèclors of the charity for the purposes of thè Companies Act, are pleased
to present their annual report together with the audited financial statements of the charity for the year
ended 31 December 2024. The trustees have adopted the provisions of the Statement of
Recommended Practice (SORPI 'Accounting and Reporting by Charities, in preparing the annual report
and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes
to the accounts and comply with the charity's governing document, the Charities Acl 2011 and
Accounting and Reporting by Charities-. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and
Republic of Ireland published in Octob8r 2019.
1. STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
Th8 organisation Is a charitable company limited by guaranteg, incorporated on 18 Dècember 2002 and
registered as a charfty since 22 January 2007. It is governgd by its Memorandum and Articles of
Association.
As a registered Gharity the company is non-profit making and its directors and trustees are volunteers.
The company ha5 been incorporated without share capital and it is limited by guarantee, lo a maximum
of £1 by each of ils members.
Appointment of Trustees
The directorsllrustees are appointed by the NPPG as the directorsltrustees have the power under the
goveming documents to co-opt individuals who support the objects of the organisation.
Truste8 Induelion
As part of their induction, the new directorsltrustèes are provided with information about the charily. the
mana9ement structure, its history and working practices. In addition they are also provided with extracts
of the Memorandum and ArtIGles of Association plus information from the Charity Commission and
Companies Hous8 regarding the duties and responsibilitios of diredors and trustees.
The DirectorslTrustees who served during th8 year are listed below:
31 December 2024
Members: Ms Chloe Benn (appointed 08101124)
Mr Stephen R Tomlin
Mr Nigel Gooding
Ms Nanna Christiansen
Mr Paul Sanderson
31 December 2023
Ms Abigail R Mee (resigned 29109123)
Mr Stephen R Tomlin
Mr Nigel Gooding
Ms Nanna Christiansen
Mr Paul Sanderson (appointed 29109123)
Rlsk revlew
Tho Board has conducted its own review of the major risks to which the charity is OXPDS8d. and systems
have been established to mitigate those risks.
Organlsational Structure
NPPG is managed by its Board of M&mb8rs and an executive committee which meets four times a year.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD (AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
Minutes from the previous meeling and discussion papers are circulaled before the scheduled meeting.
The discussion papers are tabled either by a directorllrustee or the executive comTniltee. During the
meetings the progres5 of the past months is assessed and considered against the targets and aims.
The current status of the planned work is considered and discussed. Future aims and ambitions are
considered in conjunction with the ongoing programme. Any discussion papers circulated before the
meeting will be discussed ar)d considered.
2. OBJECTIVES AND ACTIVITIES
The principal activities conlinue to be the advancement of education and training in paediatric and
neonatal pharmacy. including the undertaking of research and the provision of information and advice
¢onGerning paediatric and neonatal pharmacy for th@ benefft of the general public.
3. PUBLIC BENEFIT
We have referrred to the guidance in the Charity Commission's general guidance on public benefit when
ravi8wing our objectlV8s and activities and in planning our future aGtiviti8s. In particular the trustegs
consider how planned activities will contrlbute to the aims and objectives they have set.
4. ACHIEVEMENTS AND PERFORMANCE IN THE YEAR
Invofvement in a lolnt venture to publish a National Formulary of Medicines for Chlldrgn {BNFC).
This is widely used by Health Care Professionals across the UK to ensure that medicines are
used in children safèly and effectively.
Involvement in a joint venture with Medicines for Children to develop information leaflets and
support website development to develop resources for the parents of children who are
prescribed medicines for various condilions,
The NPPG website has been relaunched with a more modem design. The new website
improves the user experience. The content and information available have also been reviewed
and updated .
Study days and 'bilesize' learning events have continued and are now being carried out either
face to face or remolely with continued success.
Publication of several position statements to support coll8agues in paediatric medicings
management issues.
The annual NPPG conference was held successfully
A Research grant continues to support thg Sixpence study and a new Research grant was
made to support a joint proposal related to 3D printing of medicines
Continue lo monitor and influence national policy in relation to children's medicines practi￿.
NPPG works closely to influence policy by working with NICE. MHRA, DH and RPS.
The NPPG specialist intgresl groups have expanded further and held several training events
on-line lo provide education and support for members and to attract new member5 to NPPG.
Continued to produce the paediatric IV guides in conjunction with Medusa.
Working with the RPS as one of its affiliated specialisl partnership groups to aid cr&dentialing
for our membership.
Increased engagement with primary care and comrnunity colleagues on education and
information around medicines for children in the community, including the development of
labelllng standards.
InfonT)ation officer has responded to several consultations from NPC, RPS, MHRA, EMA,
Health, and Care Professions Council and NICE in addition to responding to requests from the
membership via the website's message board.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD (AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENTS AND PERFORMANCE IN THE YEAR continued...
NPPG has put a proportion of capital irrto inve51ments managed by "Rathbones. a company ,
who 5peciali5e in helping charities to invest theii capital in a relatively safe and low risk manner.
This company 15 managing the portrolio with input from NPPG in accordance with our
investment policy document lo enhance future income from our capital.
Ongoing work to standardise the concentrations of IV infusions across 811 age groups continues
.The NPPG has engaged with industry and policy makers on how to progress Ihe adoplion of
standard concentration IV infusions into practice
Continue lo develop an unlicensedlspecials formulary and lo aid primarylsecondary care
interface issues, collaboraling wilh BNFC for publication.
NPPG continues to use corporate paekages to attract pharmaceutical industry sponsorship to
further its goals.
NPPG continues to work with the Chief Paediatric Pharmacist Group to improve Gommissionin9
for r8gional procurement specialists to ensure formulatK)ns purchased will be suitable for use
within the paediatric population.
NPPG has taken out indemnity insurance to coverthe company should any of these statements
be challenged.
NPPG has reviewed and increased its SLA5 Wlth partner Trusts to support its aims and
objectives
NPPG provides expert advice to the BNFC when monographs are reviewed and updated
Increased engagement with colleagues from drfferent care settings to improve understanding
of pharmaceutical care in children
NPPG conlinues to work with regional procurement specialists to ensure formulations
purchased will be suitable for use within the paediatric population and is involved in advising
on national drug shortages for the paediatric population.
Regional subgroups have expanded and met through the year to provide networking
opportunities and study days, respectively. The regional subgroups have been encouraged to
become more involved in committee activities.
5. FINANCIAL REVIEW
The deficit for the year was
To which is added the retained surplus brought forward
{33.513)
815.540
Leaving a surplus carried forward of
782,027
NPPG general fund administers the day to day running of the charity. Income is derived from member
subscriptions, publications and donations.
Investment Pollcy
Under the Mémorandum and Articles of Association, the charity has th8 power to invest In any way the
trustees wish.
The trustees, having regard to the lÈquidity requirements of the charty and to the reserves policy, have
plarRd a proportion of capital into investments with a company "Investe¢° who specialises in helping
charities to invest their capital in a relatively safe and low risk manner. The company will manage the
portfolio on behalf of NPPG in accordan￿ with the charity's investment policy lo enhance future income
from capital.
The remaining capital remains within intarest b8aring Gurrent a¢counls.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD (AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
5. FINANCIAL REVIEW continued...
Reserves Policy
It is the policy of the charty to maintain unrestricted funds, which are free reserves of the charity, at a
level which equates to approximately six months unrestricted expenditure which would be in the region
of £130,000 at 31 December 2024. This provides sufficient funds to cover management. administration
and support costs and allows the charity to react to Changes in funding in a constructive manner.
Currgntly unrestricted funds, which are also total funds, are £782,027. Tha Trustees arè aware of the
posilion. They are investigating increasing expenditure in activities which support the objects of the
Charity as outlined in the plans for futur8 periods.
6. PLANS FOR FUTURE PERIODS
The charity plans continuing the activities as outlined in (2) above in the forthcoming years by..
continuing to develop. jointly with other interesled parties and charities. Patient Information
Leaflets (PILS) for a greater range of medlclnes used in children.
working with other interested organisations to consider ways of risk managing the use of
unlicensed oral liquid medicines in children.
working with CPPG in developing staffing standards for paediatric pharmacy services
further expanding education and training opportunities including e-leaming in different areas
such as paediatric and neonatsl intensive care. paediatric oncology and mèdicines
reconciliation.
conlinuing io provide education and training opportunities for NPPG members by hosting an
annual conference and specialist study days.
facilitating research and development in the field ol paediatric pharmacy by hosting research
awards and providing a support network for colleagues embarking on research
reviewing the NPPG'S finances to ensure resources are maximised to invest in supporting its
members lo meet the charity's mission and vision.
NPPG monitoring investment portfolio proactively to ensure income is generate by working
closely with our investment advisors.
NPPG promoting corporate sponsorship packages lo industry to enhance our investments and
increase income
continuing involvement in a joint venture to provide spècialisl input into materials used to train
non-specialist phannacists and pre-registration pharmaGists about issues relating to the safe
and effective use of medicines in children.
maintaining a national IV database suitable for use in children and to develop one suitable for
use in neonates.
working with Ilkemlnded phamiaceutical companios to craate varlous tlers of corporala
sponsorship of NPPG to raise capital to maintain our work. in lieu of reducing funds from the
contract with NICE for BNFC year on year.
working more closely with the Paediatric Chief Pharmacists group to ensure similar subjects
ar8 being covered by all aspects of the professron.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD (AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
6. PLANS FOR FUTURE PERIODS continued...
working with CPPE to update paediatric educational packages on their webstte, and to discuss
Iheir hosting of the oncology packages b8ing developed by the POP group.
acting as expert advisers to BNF Publications when asked to do so. NPPG will be reviewing
the need for a community pharmacy link to the group.
rogular review and update of the risk r8gister as appropriate.
ngaging pharmacy technicians proactively by supporting the work of the newly established
Paediatric Pharmacy Technician SIG.
7. EVENTS SINCE THE YEAR END
The NPPG conference for 2025 is being planned and will be held in Newcastle in November 2025.
8. FUNDS
The funds held by the Charity are detailed in note 11 to the accounts.
9. TAXATION
Exemption to taxation has been granted to the charitable company by virtue of its Gharitable status.
10. STATEMENT OF TRUSTEES AND DIRECTORS RESPONSIBILITIES
The trustees (who are also directors of NPPG for the purposes of company law) are responsible for
preparing the Trustees, Annual Report and the financial statetnents in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
Company law requires the trustees to prepare financial statements for each fi'nancial year, which give
a true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure. of the charitable company for the year.
In preparing these financial statements the trustees are required to-
select suitable accounting policies and then app￿ them consistently..
observe the methods 2nd principles in the Charities SORP 2019-
make judgements and estimates that are reasonable and prudent.,
stste whether applicable UK Accounting Standards have been followed.,
prepare the financial statements on the going concern basis unless it is inappropriate to
presume thal the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD (AS TRUSTEES AND DIRECTORS)
FOR THE YEAR ENDED 31 DECEMBER 2024
11. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
We. the trustees of the company who held office at the date of approval of thasa Financial Statemants
as set out above each confirm, so far as we are aware. that-
there is no relevant audit information of which the company's auditors are unawar8- and
we have taken all the steps that we ought to have taken as Irustees in order to make ourselves
aware of any relevant audit informatFon and to 8stablish that the Gompany's auditors are aware
of that information.
12. SMALL COMPANY EXEMPTION
In preparing this reporl the directors have taken advantage of thè special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
13. AUDITORS
A resolution will be proposed at the Annual General Meeting to reappoint thg Auditors. DonnellyBenlley
Limited, Chartered Accountsnts and Regist&red Auditor.
SIGNED ON BEHALF OF THE BOARD BY'.-
Nanna Christiansen. Director
3 S8ptemb8r 2025

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
FOR THE YEAR ENDED 31 DECEMBER 2024
Opinion
We have audited the financial statements of NPPG (thè 'charilable company,) for the year ended 31
December 2024 which Comprise the statement of financial activiti8s, the balance sheet and notes to the
financial statements. inclL5dlng a summary of significant accounting policies. The financial reporting
framework that has been applied in Iheir preparation is appli¢able law and United Kingdom Accounting
Standards. including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable
in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024,
and of its incoming resources and application of resources, including ils income and expenditure,
for the year then ended,.
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Pradice., and
hav8 been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are furthgr describgd in the auditor
responsibilitios for the audit ofthe financial statgments saction of our report. We are independent of the
charitable company in accordance with Ihe ethi￿1 requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibililies in accordan￿ with these requirements. We believe that the audit evidence we
have obtained is sufficient and apprcpriate to provide a basis for our opinion.
Conclusions rolating to going concern
In auditing the flnancial statements, we have concludod that the trustees. use of the going concern basls
of a¢ttJunting In the praparalion of th8 financial statements is appropriate.
Based on the work wa havo performod, we hav@ not identified any material unc8rtalnties relating to
events or conditions that, individually or collectively, may cast slgnificant doubt on the charitablg
company's ability to continue as a going concem for a period of at least twelve months from when the
financial sLqtements are authorised for issue.
Our responsibilit18s and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
FOR THE YEAR ENDED 31 DECEMBER 2024
Othor Information
The other informatron comprises the information included in report of the board, otherthan tho financial
statements and our auditor's report thereon. The trustees are responsible for the oth8r infonnation
containgd within the report of the board. Our opinion on thg financial statements does not cover the
other information and, except to the extent otherwise explicitly slated in our report, we do not express
any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit or otherwise appears to be materially misstated. If we identify such malerial
inconsistencies or apparent material misstatements, we are required to determine whether th is gives
rise to a material misstatement in the financial statements themselves. If. based on the work we have
perfomied, we conclude that there is a material misstatement of this other information, we are required
to report Ihal fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Board (incorporating the directors. report) for the financial
year for which the financial statements are prepared is Gonsistent with the financial statements: and
the directors. report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the lightofour knowledge and understanding ofthe charitable company and its environment obtained
in the Course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you rf, in our opinion-
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosures of directors. remuneration specified by law are not made. or
we have not received all the infomiation and explanations we require for our audit., or
the trustees were not entitled to prepare the financial stat8ments in accordance with the small
companies, regime and take advantage of tho small companies, exemptlons in preparing the
dirèctors, report and from the requirement to prepare a strategic report.

INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
FOR THE YEAR ENDED 31 DECEMBER 2024
Rosponslbilities of trustees
As 8xplained more fully In th8 trustees, responsibilities statement set out on pag8 2.4, th8 trustges (who
are also the directors of the charitable company for the purposes of company law) ar8 responsible for
the preparallon of thè financial stat8ments and for being satlsflad that thoy giv8 a true and fair view,
and for such internal control as the trustees cletermine is necessary to enable the praparalion of financial
statements that are free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for ass8ssing the charilable
company's ability to continue as a going concern, disclosing, as applicable, matt8rs related to going
concern and using the going concern basis of accounting unless the trustees either intend to liquidate
the charitable company or to cease operations. or have no realisti¢ alternative bul to do so.
Auditor's responsibil itios for tho audit of thg financlal statements
Our objediv8s are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
in¢ludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
auditmnducted in accordance with ISAS {UK) will always detect a material misstatementwhen it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in Ihe
aggregate, they could reasonably be exp8Cted to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularilies, including fraud, are instances of non-compliance with laws and r8gulations. We design
procodures in line with our responsibilities, outlingd above, to detect material misststam8nts in respect
of irregularitie5, including fraud. The specific procedures for this engagement and the extent to which
these are capable of deleGting irregularities. including fraud is detailed b810w'.
We obtained an understanding of the legal and regulatory framework applicable to the charitable
company and the sector in which it operates and considered the risk of non- compliance with applicable
laws or regulations.
We determined that the following laws and regulations were most significant to the charitable company=
the Companies Act 2006 and thè Charities Act 2011. Wa designed audit procedures to respond to the
risk, recognizing that the risk of not detecting a material misstatgment due to fraud is higher than the
risk ofnot detecting one resulting from error, as fraud may involve delib8rat8 concealment, lor example.
forgary or intentional misrepresentations, or through collusion.
We obtained an understanding of how the charitable company is complying with those legal and
regulatory frameworks by making enquiries of the management. We Gorroborated our enquiries through
our review of board minutes.
Our t8sts also incauded agreeing th8 financial statements disclosur8S to underlying supporting
¢Jocumentation. There are inherent Ilmitations in the audit procedures describad above and. the furthgr
removed non-compllance with laws and regulations is from the events and transactions r8flected in the
financial statements, the18ss Ilkely we would become aware of It. Wa dld not Identify any k8y audit
matters relating to irregularities, including fraud.

INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
FOR THE YEAR ENDED 31 DECEMBER 2024
We also addressed the risk of management override of internal controls, induding testing joumals and
avaluating whether there was evidenGe of bias by thg directors that represented a risk of material
misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: www.frc.org.ukJauditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This rgport is made solgly to the charitable company's mombers. as a body, in accordance wtih Chapter
3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to
the charitable comparFy'S members those matters we ar8 raquired to ststg to them in an auditor's report
and for no other purpos8. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable Gompany and the charitable company's members as
a body, for our audit work, for this report, or for the opinions we have formed.
Cdo
Catherine Cole FCA (Senior Slatutory Auditor)
for and on behalf of DonnellyBentley Limited
Chartered Accountants & Statutory Auditor
70 Chorley New Road
Bolton
BL14BY
3 September 2025

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED
2024
2023
Note
INCOME AND EXPENDITURE
INCOME:
Donations and18gaciÉs
Charitable activities
Investment income
128,680
28,309
13,023
137,472
25,378
12,944
TOTAL INCOME
170,012
175,794
EXPENDITURE:
Charitable activitias..
Advancement of èducation and training in
paediatric and neonatal pharmacy
257,508
199.661
TOTAL EXPENDITURE
257,508
199,661
NET EXPENDITURE
187,496)
(23,867)
OTHER RECOGNISED GAINS AND LOSSES:
Gainl(Loss) on revaluation of fixed asset investrnents
53,983
36,829
NET MOVEMENT IN FUNDS FOR THE YEAR
133,513)
12.962
Reconclllatlon of Funds
Fund Balance Brought Forward at 1 January 2024
815.540
802.578
Fund Balance Carried Fomard at 31 December 2024
782,027
815,540
Movements in funds are disclosed in note 11 to the financial ststements.
All incoming resources and resources expended are derived from continuing activities.
There are no other gains or losses other than those noted above and therefore no separate statement
of totsl recognised gains and losses has been prepared.
The a¢Gompanying accounting policie5 and notes form an integral part of these financial statement5.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Inv8Stm8nts
722,964
666,303
CURRENT ASSETS
D8btors
Cash at bank
98,016
180.718
103,262
158,982
278.734
262.244
LIABILITIES
Cr8dilors falling due within one year
219 671
113,007
NET CURRENT ASSETS
59,063
149,237
NET ASSETS
782,027
815,540
THE FUNDS OF THE CHARITY:
Unrestricted Funds
782,027
815,540
These accounts have been prepared in accordance with the special provisions of Part 15 of the
Companies 2006 relating to small cotnpani8s and constitute the annual accounts required by tho
Companies Act 2006 and are for circulation to members of the company.
The financial statements on pages 4 to 7 were approved by the Board of the Directors and signed on
ils behalf b
Nanna Christiansen. Director
3 September 2025

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 DECEMBER 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
General Infomiatlon and basis of preparatlon
NPPG is a company limited by guarantee and has no share capiial. In the event of the charity being
wound up, the liability in respeGtof the guarantee is limited to £1 pgr memberofthe charity. Tha address
ofthe registered office is Boundary House, Boston Road, Hanwell, London. W7 2QE.
The nature of th8 charity's operalSons and principal activities are the advancemgnl of education and
training in paediatric and neonatal pharmacy including the undertaking of research and the provlsion of
information and advice Gonceming paediatric and neonatal pharmacy to the b8nefit of the general
public.
The charity constitutes a public benefrt entily as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charitl8s'. Slalement of Recommended
Practice applicable lo ch8rities preparing their accounts in accordance with the Financial Reporting
Standard appliGable in the UK and Republic of Ireland issugd in October 2019, the Financial Reporting
Standard applicable in the Unitad Kingdom and Republic of Ireland {FRS 102). the Charities Act 2011.
the Companlas Act 2006 and U K Generally Accepted Accounting Practice.
Exemption has been takgn from preparing a cash flow statement under the Charities SORP 2019 as
gross income is below £500,000.
The financial statem8nts are prepared on a going concern basis under the historical cost convention.
modifiéd to include certain items at fair value. The financial slatemenls are p￿sented in sterling which
is the functional currency of the charity.
Th8 signifiGant accounting policies applied in tho preparation of these financial statamenls ar8 set out
below. These policies have been consistently appli@d to all years presented unless Othe￿is0 stat8d.
CONSOLIDATION
The financial statements contain irrformation about NPPG as an individual Gompany and do not contain
consolidated information about is associate, RCPCH Publications Limited. NPPG is not a parent
company and is therefore not required to account for Ihe investment in its associate using the equity
method. The investment in its associate has been measured at cost less impairment.
FUND ACCOUNTING
General Funds are unrestricted funds whlch represent the accumulated funds of the company that are
not subject to any restrictions regarding their use, and are available in the furtherance of the general
objectivos of thg company.
Designated Funds have been designated by the Board for particular purposes, and are also unrestricted
as the Board can re-assign those monies if il so desires.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted Funds can only be used for their stated purpose, due to specific conditions imposed by the
providers of those funds or grants. The costs of raising and administering such funds are charged
against the specific fund.
INCOME RECOGNITION POLICIES
All incoming resources are included in the Statement of Financial Activities {SOFA} when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the seltlement
date in writing. If there are Gonditrons attached to the donation and this requires a level of performance
before entitlement can be obtained then income is defeired until those condition5 are fully met or the
Irilment of those conditions is within the control of the tharity and it is probable that they will be fulfilled.
Grants or income relating lo a future accounting period or received in advance of the attributable costs
is deferred and carried forward as grants and income in advance in Greditors.
For legacies, entitlernent is the earlier of the charlty being notrfied of an impending distribution or the
legacy being received.
Investment income is earned through holding assets for investment purposes. It Gomprises interest
receivable on cash balances held in appropriate interest bearing accounts and dividends received from
shares held as part of a managed investment portfolio.
No amount is included in the financial statements for volunteers time in line with the SORP.
EXPENDITURE
Expenditurg is account9d for on an acLruals basis. Expenditure is recognlsed where there is a legal or
constructTrve obligation to make payments to third parties. it is probable that the settlement will be
required and the amount of the obligation can be rn8asured reliably. Expenditure includes irrocoverable
VAT and is reportod as part of the oxpgnditure to which it relates.
Charitable expenditure comprises those costs incurr9d by the charity in th8 delivery of r(s
activities and s8rvic8s for its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expenditure categorie5 pn a basis designed to reflect the
use of the resource. Costs relating to a particular activity are allocated directly, others are
apportioned on an appropriate basis.
Grants payable to Ihird parties are within the charitable objectives. Where unconditional grants
are offered, this is accrued as soon as the recipient is notrfied of the grant as this gives rise to
a reasonable expectation that the recipient will receive the grants. Where grants are conditional
relating to performance then the grant is only accrued when any unfulfill8d conditions are
outside th8 control of tha charity.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 DECEMBER 2024
VAT ACCOUNTING
All grant income and donations are oulside the scope of VAT.
Irrecoverable VAT on expenditure is not analysed separately but attributed to the category of
èxpenditure on which it is incurred.
FIXED ASSET INVESTMENTS
Inv8stm@nts are recognised inltlally at fair value which is normally the transaction price excluding
transaction Gosts. Subsequently, they are measured at fair value with Changes recognised in 'net gains
l (losses) on investments, in the SOFA if the shares are publicly traded or their fair value can otherwise
be measured reliably. Other investments are measured at cost less impairment.
Investments in associates are measured at cost less impairment.
FOREIGN CURRENCIES
Assats and liabilities in foreign currencies are translated Into slerling at the rates of exchange ruling at
the balance sheet date. Transactions In foreign currencias are translated into st8rting at the rate of
èxchange ruling at thg date of transaction. Exchange differences are taken into account in arriving at
the operating result.
DEBTORS AND CREDITORS RECEIVABLEIPAYABLE WITHIN ONE YEAR
Debtors and creditors with no staled interest rate and receivablelpayable within one year are recorded
at transaction price. Any losses arising from impairmenl are recognised in expenditure.
CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short term highlylllquid investments with a short maturity
of three months or less from the date or acquisition or opening of tha deposit or similar account.
TAXATION
The charity is an ex8mpt charity within the meaning of schedule 3 of the Charit18s Acl 2011 and is
Considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2022 and therefore it meets
the definition of a charitable company for UK corporation tax purposes.
GOING CONCERN
The financial statements have been prepared on a 90ing concern basis as the directors believe that no
material uncertainty exists. The directors have Gonsidered the 18vel of funds held and the expected
level of income and expenditure for ￿e1ve rnonths from authorising these financial statements. The
budgeted income and expenditure is sufficient with Ihe level of reserves for the eharty to bè able to
continue as a going concern.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 DECEMBER 2024
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of these finanGial statements requirps certain judgements, estimates and assumptions
that affect the reported amounts ofassets, liabilities, income and expenses. Estimatgs and judgements
are continually evaluated and are based on historical experience and other factors. including
expectations of future events that are believ8d to be rèasonable under the circumstances.

A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. INCOME
Income is directly attributable to the principal activities of the company. All income in 2024 and 2023
was attributable to unrestricted funds.
2. DONATIONS AND LEGACIES
Total Funds
2024
Total Funds
2023
Donation from RCPCH Publications Ltd (see note 12)
POP sponsorships
Corporate donation
89,833
2,699
36,148
100,227
37,245
128,680
137,472
3. INCOME FROM CHARITABLE ACTIVITIES
Total Funds
2024
Total Funds
2023
Members. subscriptions
28,309
25,378
4. INVESTMENT INCOME
Total Funds
2024
Total Funds
2023
Bank interest
Inwme from managed investment portfolio
13,023
12,944
13,023
12,944

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
5. ANALYSIS OF CHARITABLE EXPENDITURE
2024
2023
Grants
Information officer ServI￿S
Membership liaison officer services
Post and ststionery
Travelling expenses
Technical literature
Administration and clèrical support
Insurance
Audit
Accountancy
Sundry
Investment management costs
Conference expenses
Position statement officer
Education and training officer
Wabsita hosting
Treasurer
Profil@ disbursem8nts
Bank charges
Professional lead
Medicines for Children
12,211
48,750
13,759
24,240
37,569
7,043
4,459
8.631
24,602
6.219
6,080
4.240
740
10,345
33,886
20,022
14,049
4.557
588
9,042
292
28,370
6,666
3,368
9,553
20,365
5,927
5,788
4,240
9,484
20,418
17,474
14,050
2,731
980
2,695
65
13,671
257.508
199,661
All expenditure in 2024 and 2023 was attributab19 to unrestricted funds.
Support costs included in charitable expenditure are £61,382 (2023- £52,948).
Included within support costs are £14,77912023- £13,396) of governance costs.
During the year ended 31 December 2024 a grant payment of £12,211 was made to an individual. The
grant was to fund a research project relating to Standard Conoentration Infusions in Children and
Neonates. During the year ended 31 December 2023 a payment of £24,240 was made in relation to
this grant.
Volunteers provldg important support for the charity, in particular through consultations with NICE and
providing feedback and support for the position ststement officer and the education and training officer.
6. STAFF COSTS
There are no employees who received total employee benefits (excluding employer pension costs) of
more than £60,000 (2023: nil).
Neither the Chairman nor any other directors receivèd any remuneralion for their services during the
year, thus there was no directors or key management personnel remuneration benefits (2023.. nil).
There werg no employees during the year excluding directors and voluntary staff (2023: nil).

A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7. FIXED ASSET INVESTMENTS
Managod
Investment
Portfolio
Interest In
Associated
Underlaking
Total
COST OR VALUATION..
At 1 January 2024
Additions
Disposal
Revalualion
666,301
13,023
(10.345}
53,983
666,303
13,023
(10,345)
53,983
Al 31 December 2024
722.962
722.964
IMPAIRMENT:
At 1 January 2024 and 31 December 2024
CARRYING AMOUNT..
At 31 December 2024
722.962
722,964
At 31 December 2023
666,301
666.303
Investments at fair value within the managed investment portfolio compri5e-
2024
2023
Equities
Securiti8s
Cash within investment portFolio
Propety within investment portfollo
Altemative assets
448,207
170,988
13,151
21,034
69,582
383,077
163,733
16,322
32,740
70,429
722,962
666,301
The investment managar is responsible for managing the investment portfolio in the best interests of
the charity which involves th8 purchase and sale of shares. Any gains on the sale of shares are
reinvested diredly in the fund and are therefore treated as unrealised by th@ charity.
Investments within the managed investment portfolio are valued on the basis of mid-market prices from
the appropriate Stock Exchange or from the relevant fund manager at the Balance Sheet dale. The
increase in value cf the investmen15 amounting to £53.983 is an unrealised gain to be disclosed under
Charities SORP 2019 and does not reflect any actual losses or gains realisèd by the charity from sales
of investments.
Investment management fees for th8 y8ar to 31 December 2024 were £10,34512023'. £9,484).
NPPG owns 500/0 ofthe ordinary share capital of RCPCH Publications Limited and there is no controlling
interest. Therefore the investment in RCPCH Publications Limited has bgan treated as an associate.
Both companies are reglstèr8d in England and Wales.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
8. DEBTORS
2024
2023
Amount owed from related undertakings
Prepayments
Trade debtors
89.833
3,183
5,000
100,226
3,036
98,016
103.262
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals and deferred income
Accrual for grants payab18
Trade creditors
70,564
12,211
136,896
88,767
24,240
219,671
113,007
10. ANALYSIS OF GROUP ASSETS BETWEEN FUNDS: UNRESTRICTED
2023
2023
Fixed asset investments
Current assels
Current liabilities
722,964
278,734
(219,671)
666,303
262,244
(113,007
782,027
815,540
The unrestricted fund is used in furtherance of the charty's principal activities as explained in the report
ofthe Board.
11. NET MOVEMENTS IN FUNDS
Gains
and
Losses
At
0110112024
Incoming
Resources
Outgolng
Resources
At
3111212024
un￿StriCted Funds..
General Fund
815,540
170,012
257,508
53,983
782,027
The General Funds represent the free funds of the charity which are not designated for particular
purposes.

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. NEf INCOME FROM AND TRANSACTIONS VVITH RELATED UNDERTAKINGS
The Charityowns 500/u ofthe ordinary share capital of its associate RCPCH Publications Limited, further
details of which are given in note 7. RCPCH Publications Limited makes gift payments to its
shareholders, usually its total net profit. The shar8 due to NPPG amounts lo £89,833 <2023: £100,226)
in these finanei81 statements.
RCPCH PubliGations Limited publi5he8 a fomiulary for NPPG aimed at pharmacists, paediatriGians,
general practitioners, nurse prescribers and othèr health care professionals. The aim of this formulary
is to assist those who prescrlb8, élspense or administer medicines for children. The fomiulary is
unusual in that they cover the off-label use Df medicines and also list unlicensed medicines necessary
for the treatment of children.
NPPG is not a parent ¢ompany and therefore the investment in RCPCH Publications Limited has not
been accounlad for using the equity method. Had it been accounted for using the equity method there
would not be any change to the results of NPPG because RCPCH Publications Limited has no
acGumulated reserves and has not made a profit or loss for tha year. This is because all the profits of
RCPCH Publications Limitgd have been gift8d to NPPG as a 50Q/o shareholdar and to the charty Royal
Collgge of Paediatrics and Child Health as the other 50°/0 shareholder.
RCPCH Publications Limited has an accounting reference date of 31 August and a summary of its
trading results is shown below.
RCPCH Publications Limited.. Summary Results
3110812024
3110812023
Turnover
Cost of sales and adrninistrative expenses
226,021
30,3281
238.182
39,091
Operating profit
Interest receivable
Taxation
195,693
4,018
20.045
199.091
1,363
Net Profit
179,666
200,454
Charitable Trading Funds-.
Balance at 1 September
Net profit
To b8 gifted to RCPCH for year ended 31 August
To bo gifted to NPPG for year ended 31 August
179,868
(89,833>
89,833
200.454
(100,227)
100,227
Balance at 31 Augusl
Charity share:
Balance al 1 September
Balance al 31 August

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The British National Formulary for Children {BNFC) is produced as a joint venture, the arrangements
for which were formalised in an agreement be￿een RCPCH Publications Limited, The Royal
Pharmaceutical Sociely and BMJ Publishing Group Limited dated 13 April 2005. The joint ventures
then entered into a three year supply agre8menl with the Department of Health dated 20 September
2005 to ensure all relevant health professionals in England received the BNFC. On 9 March 2011, the
Paediatric PubllGations Board considered, agr88d and slgned the new BNFC contract with NICE
(National Institute of CllniGal Excellenc8) for the bulk purGhase of the fomiulary over th8 next @ight
years.
The first edition of the BNFC was published in September 2005 with the website going live that month
and publication of a CD-ROM version in October 2005. The year ended 31 August 2023 principally
indudes the company's share of income associated with developing and publishing the ninet8enth
edition of BNFC.
During 2021 a new twelve year conlract was signed with NICE.
13. RELATED PARTY TRANACTIONS
RCPCH Publications Limited, which is an associate of NPPG, gifted NPPG £89.833 (2023: £100.227)
for the year to 31 December 2024.
14. TRANSACTIONS WITH DIRECTORS AND TRUSTEES
None of the directors received any remuneration for their seNiees during the year.
Five directors were reimbursed £2,086 for travel costs incurred during the year. In 2023, five directors
were reimbursed £1,157 for travel expenses.
15. ULTIMATE CONTROLUNG PARTY
The charitable company is under thè control of the Board.
16. FINANCIAL COMMITMENTS
Total financial commitments which are not included in the balance sheet are £125.94312023- £24,240).

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. FINANCIAL INSTRUMENTS
The carrying amounts of the charity's financial statement5 are as follows:
3111212024
3111212023
Measured at fair value through net incomelexpenditure:
Fixed asset listed investments (note 7}
722,962
666,301
Dgbit instrumgnts measured al amort15ed cost:
Other debtors {note 8)
Amount owed by related undertakings (note 8)
Trade debtors (note 8)
3,183
89.833
5,000
3.036
100,226
98,016
103.262
Financial liabilities measLJred at amortised cost:
Accrua15 and deferred income {note 9)
Accrual for grants payable (note 9)
Trade creditors (note 9)
70,564
12.211
136,896
88,767
24,240
219,671
113.007

NPPG
A PRIVATE COMPANY LIMITED BY GUARANTEE
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME
Member subscriptions
Corporate donatton
Donation from RCPCH Publications Ltd
Income from managed investmenl portfolio
POP sponsorships
28,309
36.148
89,833
13,023
2,699
25,378
37.245
100,227
12,944
170,012
175,794
EXPENDITURE
Grants
Information officer services
Website hosting
Membership liaison officer services
Post and stationery
Travelling expenses
Technical literature
Administration and clerical support
Auditors, remuneration
Sundry
Investment management fees
Insurance
Conference expenses
Position statement officer
Education and training offi￿r
Treasurer
Profile disbursements
Professional lead
Medicines for Children
12,211
48,750
4,557
13,759
24,240
37,659
2,731
7,043
4,459
8,631
24,602
10.320
740
10.345
6.219
33.886
20.022
14.049
588
9.042
28.370
6,666
3,368
9.553
20,365
10,028
9,484
5.927
20,418
17,474
14,050
980
2,695
13,671
257,216
199.596
(87,204)
(23,802)
Finance Costs
Bank charges
292
65
NET EXPENDITURE FOR THE YEAR
(87,496)
123,867)