REcisfF.RED CIIARI'I'Y NUMBLII: 1152500 ort of the 'l-t'ustees aiid Unliudited r(inAncial Stateinents for tl)e Y¢wi- Ended 30 Se tenibei. 2024 foi. e of Chiro rActors Tlie Ro Al Colle
'riie Ro I Colle e of Cliii'o tmctors Contents of tlie li inaIieial Statemeiits foR' the YLAr Li iided 30 Se )tembei' 2024 Page Report of tl)e Trustees Ito4 Independeiit Examiner'5 Reporl Statanent of Financial Aclivities Balance Slieet Notes to the financial Sialeniei)Is 8t0 11 Detailed Statement of Financial Activities 12
'riie Ro I Colle c of Cliiiy) )I'IILtoi's Ile oi't of tlie 'fi'ustees foi. Ilie YeAI' Ei nded 30 Se tenibeJ- 2024 The tl'LlStees pi'eseiit their report with the financial staleinenls of the charity for the year ended 30 Septeinbcr 2024. 'fiie Iiiistees liave adopted the provisions of Accounting and Reporting by CliaYilies-. Siatenieiit of Recominended Pi'aclicL applicable to charities preparing their accounts in accordancc with tli¢ Finaiicial Reporting Standai'd applicable iii the UIC aiid Republic of Ii'eland (FRS 102) (effeclive l Janiiary 2015). OBJECI'IVES AND AC'rtVlTIF.S The cliaritablt objects of tlic Royal College of ChiropractrKs ("Ihe College") are as follows.. to pi'oniote th¢ 21t, science and pra¢lice of cliiropractic- to improve aiid maintain standards in the prd¢lice of chii'oprac4ic for the benefit of the public. to pi'oniole awareii&ss and understsilding of ¢hiropraclic ainongst niedical wactitioners and other healthcai'e pi'ofessionals and the public- to educate and train praclitionej's iii the art. science aiid practice of chiropra¢lÈc' lo advance the study of aiid research in chiropractic. In setting the Col lege's objective5 aiid planning 8diviti&s, the truste have giv} Careful consideratioii to tlie Chai'ity Conimissioii's guidunce on public bei)efil. Page I
I'lie Ro al Colle e of Chii'o i'actoi's Ile )oi* of the Ti'iistees foi. tli¢ Yeai. Li iidLd 30 Se leiiibcj. 2024 ACHILI VLMENT AND PE'RfiORMANCE During the period under report. tlie Collegc coiiliiiued to furthty its charitable objects: (l ) to promote the art, science aiid rKactice of chiropractic. (2) to iniprove and Inaititain standards in the practice of chiropractic for the benefit of tlie public: (3) to pi'oniote awarcncss and undei'slanding of chirop]-actic aniongst medical practitioiiers ai)d other healilicare professioiials and the public. (4) lo educate and Ii?in practitionei's in the 811, lence and pi?ctice of diii'opraclic; (5) to advan¢¢ the study of aTid research iii cliii'opractic. It did Iliis through the implenientatiThi of ils Sirategic Plan which specifies core objeelive5 in reiation to postgraduate ti'aining, coi)Éinuiiig pi'ofessional developineiil, reseai'cl), pJ'ofts5ional relations. .8landards of practice and operational Lyovei'naii¢e and identifies activities and l&clics designed to satisfy Ihese objectives according to a defined timelii)e. Tl)e College continiied to invest in: GEN-C. a collaboration willi Ihe European Academy of Cliiropi'aclic and Chiropractic Auslrdlia, to provide furiliei. online educational resources developed by leading clinicians across the globe; Ilie peer-reviewed reseai'cl) jOLirnal Chiropractic and Manual Therapies (CMT) iii oj'der to fostei. research and di5seminatioii of higli-qualiiy research evideiice iii an open-access formal; the RCC Discoveiy sei'vice lo fijriher assisl members in study of and rcsearch in chiropraclic. Study gi'aiils aiid PhD I'cs¢arGh The College coiitiiiued lo run tlie UK'S postgradLiale Irainiiig prograniine for cliiropraciic g]'aduales, which helps ensure a sniooll) Iraiisilion fi'om the undergrdduate sellingy lo al1110m011S professional praclice in the clinical setting and thus eiiables new chii'opraclors to develop as saft and proficient praclilioners in the besl inleresl of palieiils. The College continued to provide re8ular. liv4 free webiiiars tlii'oiighout the pa'1 under repoi'l, enabling chiropractors to pursue their continuiiig professional development objectives and slay iip-towdale, in the bc5t intei'esls of patients. The College I'aii its Winter Conference, inrorplxaling the AGM. ii) London in Jai)uary 2024, and a Suinmei. ConfErence in Bii'minghatn in June 2024. The College continued lo proinote high quality pra¢iice Ihrougli lis Prnctice quality awards initiative, in tl)e best interests of palienls. Tlic College eontinued io provide online training resources and hands-on training in key areas of practice in ordei, to promote safe and competent prac4ice, in the best iiiierests of patients. The College consulted on a new quality standard focused on low back paiii alld sciatica, which will be published iii early 2025 to assisl chiropractors in the evidence-based maiiagemcill of these conditions in the best interests of palieiils. The Collcge undertook ediicalioiial contract work on beliaif of the Geiiei'al Chiropractic CoiinGil in the field of Continuing Profcssional Developmeiit. thu5 a551Sting in the prwess of slalutoiy rUl3110n. Tlie College coiitinued lo collatx)I'ale with Ihc leads of all UK und¢rgTaduate pl.0MmeS (The Forum of Chiropracti¢ Deans) and oiliei. stakeholders in ol'der to help support ihe delivery of higli-quality chiropi'aclic edUtIOn, In the best intei'ests of patients. 'The College continued to fostei. inlerprofessional links and proinote MSK Healtl) Ihougli it5 Inembe]ship5 of tlie Arthritis and Musciiloskelelal Alliance (ARMA)- The College collaboi'atcd with the following international partners with common objectives.. (a) Suppoi'ting the work of the World Federation of Chiropractic (WFC) as a corp(M'ale member (b) Suppoi'ling Ilie work of the International Federation of Chiroprdctic Sport (rIcs) as a corporate ineinber "rhe College continued efforts to Tecruil palients lo its new patient representative group: Chiropractic Patient Voice; a group that provides a patient and public viewpoint and siipports patient advocacy. The College's project lo develop a Incmlern CRM sy51em to cnable improvemei)ts in meMb'shIp engagement and to enhance adininislrativc eI¢[ccY continued in 2024. Page 2
'riJe Ro 'al Colle e of Chiro raetors Re oi't of tlie Trustees foi. tlie YeAI- Fnded 30 Se tembej. 2024 FINANCIAI, RKVIEW Rcsei'ves policy T]ie trustees have set a level eq15ivalent to 12 months of operaling costs for the (rganisation as a desii'ed level of I'eserve. I'his fiind i& a eonlingyency in Ihe event of a suddeii I'eductioii in incoiT)e iii order lo protect the fL)lure opei'atioi) of Ilie o]'ganisati(Ni fi'om Ihe effects of any unforeseen variations in lis income and expenditur& It also provides a cash flow for grants and contrac15 tlial are paid in arrears. These reserves underpii): The oi'ganisalion's responsibilities as ali employer to hold sufficient funds to provide proper notice aiid redundancy costs iii Ilie evetil of closure, The oi'ganisatioii's I'esponsibililies as a grant-making Ixjdy, The oi'ganisation's rcsponsibilities as a provider of coi)tinuing education resource5 including the PRT postgraduate ti'aiiiing programme, Tlie organisalioii's responsibilities as a lenant. Reserves of £639,096 al th¢ end of the year arc increased compared to last year. STRucfuRI, GOVERNANCK AND MANACbMENT Govoi'lling dociiinent 'rhe chai'ity 15 coiill'olled by ils governing documen(, a deed oftrnsl, and consti1u an unincorporated cliarity. OJ'ganisntionRI sti'ucture Overall responsibility for ihe govei'iiance of the College rests with ils Council of Officers (conipri5inE4 truslees elected by the n)einbership) whicl) reports annually to Ihe menibership al Ilie Annual General Meeti1)8. 'rhe Council meets bimoiiihly and is advised by a iiuii)ber of cominiltee4 each covering a specific area of activity. These coinmittecs are formally constiluled within tlie College's Rcgiilalion5 and include the Academic Board, Colirl of Eleclors, Poslgraduate Traiiiing {PRT) Committee and Research Cominillee. A Heallli Policy Unit helps eiisure the College is I'e5ponsive to change within the wider healthcare environnient. The Council appoints conimittee Inembers, nomially foi. an initial period ot-lhree years. Responsibility for the day-to-day mai)agemenl of College affairs is delegat to the Chief Lxecutive. The College bunks with Coutts & Co. and lakes legal advice froin 14empsons Solicitors, as required. riAcultles And Societies AI 10 Septembei. 2024, Iliere were 16 Regional faculties of Ilie College covering England, Wales, Scotland arid Northei'n Ii'elaiid, In addition, there wei'¢ five active Specialist Faculties as follows: Animal C.hiropraclic faculty Oi'll)opaedics, Reliabilitalion & Exercise Faculty Paediati'ics Faculty Pain FacLIIty SFJOI'I and Exercise Faculty A new Edlieatii Faculty is in development. Tl)ese groups provide an infi'aslruclure for the nation31 delivery of cenlr2lly-organi5ed educational progrnmmes and ¢vents and for tl)e I'ecogiiilion and furtheraiice of spccial inleresls, cxperience and qualifications. REFCI REI NCE AND ADMINISTRATIVE DETAILS Registei'ed Chai'ity xuinber 1152500 Page 3
Prineipal 8ddres% CliÉli¢ni Hou.sc 45 Sl<1tion Road Henley-on-Thumey Oxlordshir¢ RG9 JAT I'rustees M Barks M.$ J Guver M F Gurdeii P Jon&8 M Morelli S Sinellie Mt• G Sw4il J Field Tru8lee Truslee Trustee Trustee Trusiee Trusiee Tru8lee Rfi,fi ERF.NCE AND ADMINISTRATIVF. DETAILS Independent exhinlner Dilip Patel FCA Charlei'ed Accouiitsnl Chiliern Chamba's St Peters Avenue Cav¢rsham Redding Bei'kshire RG4 7DH Approved by order ol" the bodrd ()[ truNiec4 on 29 JaftuaTy 2025 and signed on ilg I111f by: 09£ M Burk% - Tru¥tee Page 4
Inde endent Examinei s Re The Ro al Colle e of Chiro oi"t to tlie Ti'ustees of ractors Independent exAminer's report lo th¢ trustees of The Royal College of Chi)'opiMttora I report to the ¢haJ'ity trustees on my examination of the accounts of the The Royal College of Chiropi'aciors (the Trust) foi. the year ended 30 September 2024. Responsibilities and basis of report As the ¢h&rity Iruslees of the Trust you are reswnsible for the preparation of the accounts iii accTr'dance with the requirLrynents of the Charilies Aci 2011 ('the A,). I repTh't in I'espeGt of my examination of tlie Trusi's accounts rrIed out under SlI0n 145 of the ACL and in cai'rying out Iny examination I have followed all applicable Directions given by the Charity Commission unda. section 145(5)(b) of th¢ Act. Ind¢pendent examinei s stAtemen¢ Since your Charity's gl'oss income exceeded £250,000 your examiner must k a member of a listed body. I can confirm that l &m qualified lo undertake the examination because l am a regisla'ed member of which is one of the listed bodies I have completed my examination. I confii'm that no malerial matters have conie to my attailion in connection with the examination byiving me cause to b¢li¢v¢ Ihal in any material I'espe¢t: accountiiig records were not kept in respe¢l of the Trust as requir&J by section 130 of the Act. or the accounts do not accord with those recoi'ds. or the accounts do not comply with the applicable rquiremenls concerning the form and content of accounls se¢ out in the Charities (Accounls and Reports) Regulations 2008 oiher Ihw) any requirernenl that the a¢¢ounts give a true and fair view which is not a Inatter consid&ed as part of an indep¢ndenl examination. I have no concerns and have come across no oihr rnalters in Connecti with the examination to whid) attention should be drawn in this report in order lo enable a proper underslanding of the accounts to be reached. Dilip Patel FCA Charl'ed Accouniaiit Chiliei'n Chambers St P¢lers Avenue Cavei'shani Readin Bei'kshii'e RG4 7DH 29 January 2025 Page 5
The Ro al Colle e Df Cliii'o 'actoi Stateincnt of fiiiiaiicixl Activities foi. the Ye94 I. Ei iidcd 3U Se teiiibei. 2024 2024 2023 Unr¢strict Tolal ndS fiind Notes INCOME AND LI NDOWMLNTS FROM Subscriptions, corEtracts and otlicr fees 485,272 446,113 Other tradiiig activilies Investment illLoine 19.016 22.023 10,869 1.otal 526,311 491,372 I XPINDITURL ON Raising fiinds 499 040 462 119 NEI T INCOMEIl(IXPENDITURE) 27.271 29,253 RLCONCII.IATION or TrUNDS I'otAI fundi bi'ougllt forward 611,825 582.572 TO'fAL FUIYDS CARRIED FORWARD 639.096 611825 Page 6
The Roval Colle e of Chiro ractors Balance Sheet At30Se tember 2024 2024 2023 Unrests'i¢ied Total fund$ fund Notes C.IIRRENT ASSETS Debtui's Cash ol bank and in hand 3,8(K) 3,800 641,4114 676,637 645,284 CREDITORS Aniounls talling due within one yeur (37.541) (33,459) NF.T CURREN'f ASSET'S 639,096 611,8?5 TOTAL ASSETS LF.&S CIIRRF.Kr LIABILITIES 63CJ,1196 611,825 NLT ASSETS 611.825 FUNDS Unrestricted funds 10 6.19,096 611825 TO'fAL FUNDS 639,096 611,825 TEie financial 8tutemenl% were approved by tl)e B(xird of Tru.slxs on 29 Jnlluary 2025 und were signed on ils IKhulf by: Pql, I? M Barks -Trustee Pa8e 7
Tlic Ro al Colle e of Chii'o ractoi's Notes to thc FiiiMiieiKI Statcments loi. tlie Yeai. Ei llde(130 Sc tembei. 2024 AC.COUNTING POLICIES Basis of preparing tlie financiAI statemciits The fiiiarEcial slatemenls of the ¢l)arity, which is a public benefit eiility under FRS 102,1)ave Ien prepai'ed in accoi'dance with the Charities SORP (FRS 102) 'Accountii)g and Reportiiig by Cliai'ilies: Statei)ient of Recommend¢d Practice applicable to charities preparin&y tlieiy accounts in accordai)cc with the finaiicial Repoi'ling Siandard applicable in the UK find Republic of Ire12nd (fRS 102) (effective l Jaiiueiy 2015),, Finaiicial Reporting Siandard 102 'The FiTraiicial Rep(M'ting Stai)dard applicable in the UK and Republic or li'eland, and thc Charities Act 2011. 11]e fiiiancial sialemenls Iiave bceii prepared unda. the histoi'ical cost conve])tion witli the exceplioii of investments whid) f¢re iiicluded at mark¢1 value. Income Al l income is recognised iii the Statement OfFIn}cial Activities once the Charity l)as enliilement to the fiinds. it is 'Obable that the incom¢ will be received and the amount can be Meaired rcliably. I xpenditui'e Liabilities are recognised as expenditiire as soon as tl)ere is a legal or construclive obligation cominilling the charity lo that expendilui'e. it is probable that a 11'8n5fer of ecoTioniic bei)efits will be requii'ed in seltleineiit aiid Ihe ainounl of Il)e obligation be n)easui'ed reliably. Expeiiditure is a¢¢ounted foi. on ali Hccruals basis ai)d ha5 been classified under h¢adings that aggregale all cosi related to the categoiy. Whe4'e eosls cannot be dii'ecily atti'ibllted lo particular headings they have been allocated to activities on 8 basis nSiste1)t willi the iise of resoLirces. TAxAtion The charity is exeinpl from tax on its charitable activitie& ri und Accounting Uni'eslricled funds cali be used in accordance with the charitable objeclives at the discretion of the Iru5tees. Re51ricled fvnds can only be iised for particular r&slricted purposes within the objects of the Ghai'ity, Reslriciions arise when specified by Ilie donLK or wheji funds al'e raised for particulai. I'estricted purposes. Furilier ¢xplpnatioii of the nature and piirposc of each lid is included in Ihe iioles lo the financial slaleinenls. Pension costs aiid othei. posl-relireinent beiiofit$ Tlie chNrily operates a defii)ed coiiti'ibuli(M) paision scheme. Conli'ibulions payable to the charity's pension s¢lieme are charged to thc Slatemcnt of financial Activities in the peri(NJ to which they relate. OTHER TRADING AcfiviTIES 2024 2023 CPD eveijt income INVESTMII NT INCOM 2024 2023 Deposit account interest 22.023 10,869 Page 8
'I'lie Ro al Colle e of C115ro i-lctors Notes to tlic fiinaiieiAI St14 teineiits - eonlillmed full. tlie Yeai- Li nded 30 SL teiiibci. 2024 IIAISINC FUNDS Rai%iii% siibsci-iptions, contrActs and othei. fees 2024 2023 Opci'ations costs 499 040 462,119 TRUSI'CI ES, RFMUNERATION AND BII NF.FI'I'S Th¢i'e were no Iruslees, i'einuneraliiji or othcr benefits for ihe year ended 30 Sept11b¢r 2024 noi. foi. the year elided 30 September 2023. Ti'iistees, expenses l-lie amount incui'red by the ti'ustees during the p10d for h'avel. subsislei7ce and adininistr81ion expenses, aiid reimbursed to them, was £11,477 (2023: £5.794). STAfiF COSTS During the year one ¢inployee eanied ovci. £60,000. COMPARATIVEI S bOR THb STATEMENT 0 FINA]YCIAL A1VIT1F.S Unre511'icled fund INCOME AND ENDOWMEIYTS fiROM Siibscriptions, contracts and other fees 446.113 Other trading activities Invesln)enl iiiconie 34,390 Total 491,372 IXPENDITURE ON Raising fvnds 462,119 'rotal 29,25.3 NEI. INCOMEI{EXPENDITURE) 29,253 R&CONCILIATION OF fuNDS Total fuiids bi'ouglit foi'ward 582,572 'roTAL fiUNDS CARRIED FORWARD 611825 DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YLAR 2024 2023 Other debtors 3,800 Page 9
I'lie Ro Al Colle e ol. Cliii'o Ixetors Notes to the fi in¢11 Statements - eonlinue(J foi. tli¢ Ye41. Li Iidcd 30 Se tenibei- 2024 CREDITOR.S: AMOUNTS FALLING DUE WITHIN ONI YEAR 2024 2023 Taxation and SOLial security Other creditors 4.568 4,101 .13.459 io. MOVEMEI NT IN FUNDS Net movement in ndS AI 1.10.23 AI 30.9.24 Unre511'icted fuIids General fiind 611.825 27.271 639,096 'I'OI'AL f+UNDS 611825 639 096 Net ni0Vem)I in funds, included in the above are as follows: Incoming IEsources Resources expended Movement in nds Uni'e$ti'ieted funds Cjeneral fund 526,311 (499.040) 27.271 TOT AL FUIYDS 526111 499 040) CompAI'atives fol. movement in funds Nel movemenl in funds At 1.10.22 At.30.9.23 Uni'e5trieted Funds Genei'al fiind 582,572 29,253 611,825 TOTAL FUNDS 582.572 29,253 611,825 Page 10
'riic Ro I Colle e of Chil 'actoi's Notc5 to tli¢ fi ingneiAI StA(eiiitnts - eontinued foi. the Yeai. Ended 30 Se tcmber 2024 10. MOVEMCI NT IN FUNDS- continued Coinparativ¢ nel movement in funds, incliided in the above are as fi>llows: Incoi)iing resource5 Resoui'ces expeiided move]ent in fund. Uiii'esti-icted funds Gei)eral fiJi)d 491,372 (462,119) 29,253 TOTAL FUNDS 462.119) 29,253 A ¢iin'ent year 12 months and wior year 12 months combined position is as follows: Nel movement in funds At 1.10.21 At 30.9.22 Uni'eslricted funds Ceiiei'al fiind 485,359 582.572 TOTAL fuNDS 485 359 97.213 582,572 A Gurr¢nt ytrdi. 12 inonlhs and prior year 12 monlhs combineA net movement in fuiids, included in Ilie above are as follows: Incoming resources Resources expended Movement in funds Uni'estricted fviids Genei'al fijnd 497.284 400 017) 97,213 TOTAL FUNDS 497,284 400 071) 97,213 ii. RELA'I'KD PARTY DISCIA)SURES iere were no related party transactions for the year ended .30 September 2024. Page I
The Ilo al Colle e of Cliii'o i'xctors Detailed Statement of f¢ jiiiiicixl Actiiities foi. tlie Yeai. Liidcd 30 Se toiiibcJ- 2024 2024 2023 INCOME AND LI NDOWMENI'S Subsci-iptions, eonti'Acts and other fees Reseaycli unit donation5 recs and subscriptions Gift Aid, doiiatioiis and sundry income 1,140 462,870 21.262 1,140 429.486 15,487 485,272 446,113 Otliei. trAdiiig activitics CPD event incoiiie 19,016 34,390 liivestment Income Deposit account inte]'est 22,023 10,869 Total incoming i*$oui'ces 526,311 491,372 XPII NDII'URE OpeiMti0115 Costs Manageillent Wages Social security Pensions Accomit)odalion costs Insurance Telephone Posl8ge aiid stationery Sundi'ies ConfLI'ence expenses PRT meeting expenses Jolirnal costs Ti'avel and subsistence CPD eveiil costs Motor expenses Database Cosls IT support, devclopment & consiimables Ti'ainiiig cos15 Subscriptions RCC gi'ants Pi-ofessional services 186.478 14,211 13,414 28,751 1,778 1,909 13,880 8,518 52,544 2.766 818 17,691 9,145 1,327 12,096 67,703 3,850 6,280 9,700 165,555 12,455 13,931 27,360 1,806 695 12,008 2.289 42,383 12,520 23,022 2,706 4,726 74,230 4,243 5.318 5,840 43,476 493.307 454,563 Finxnee B8iik chai'ges 7,556 TotAI resoui'ees expended 499,040 462,119 Net (expenditure)fincoine 27,271 29,253 Page 12