CHARITY REGISTRATION NUMBER.. 1161043 A.R.l.C.D. (CIO) Unaudited Financial Statements Year ended 31 March 2024 HENRY MURRAY & CO. Chartered accountants 23 Church Place Lurgan Co. Armagh BT66 6EY
A.R.l.C.D. (CIO) Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities 11 13 Statement of financial position 14 Notes to the financial statements 15 The followlng pages do not fomi part of the flnanclal ststements Detailed statement of financial activities 25 Notes to the detailed statement of financial activities 26
A.R.l.C.D. (CIO) Trustees. Annual Report Year ended 31 March 2024 During the year ended 3131 March 2024, ARICD operated within the governance and structures of a Chartered Incorporated Organisation (CIO). ARICD was allowed to become a CIO in March 2015 (Registration No.. 1161043). MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Trustees Dr P McAlinden, MBBCh, BAO, DCH, DRCOG, DA, MRCGP, FRCPCH, Msc Dr S Bloomfield Bsc Hons, MBChB, MD, FRCPCH, FRCPE, DCH Dr E Green, BA Hons, MD, FRCPCH. Dip Hlth Mgt Ms Solange Fernandes Fal¢ Clinical and Health Psychologist. Superior Health Technician Assistant. Professor Louise Stroud B.Cur; BA Hons (Psych). MA (Clin.Psych)' D.Phil (Psychology) Dr Kavitha Gunasuntharam MBBS, FRCPCH, DCH Ms Hilary Lane BA, MA, C.Clin.Psychol. PSSI, AFPSSI Dr Chinwe Osuchukwu MBBS, FRCPCH, Dip PgME Ms Marta Kal&s MA, MBA, MRSPH (from October 2023) Mr Louis Coke Chartered FSCI (from October 2023) Cbarity number 1161043 Princlpal oifice Hill Dickinson LLP 50 Fountain Street Manchester M2 2AS Independent Examiners Henry Murray & Co. Ltd Chartered Accountants & Registered Auditors 23 Church Place Lurgan Craigavon, BT66 6EY Bankers Lloyds TSB Bank PIC 27-31 White Hart Street High Wycombe Bucks, HPI12HL Insurers Markel (UK) Limited, The Markel Buildin& 49 Leadenhall Street London, EC3A 2EA
A.R.l.C.D. (CIO) Trustees, Annual Report (continued) Year ended 31 March 2024 Web Master Andy Moore Creative Services 15 Baroness Road London E2 7PW Statistical Consultant Dr Johan Cronje Nelson Mandela University (NMU) Port Elizabeth South Africa Dr Brian Farragher Liverpool School of Tropical Mcdicine Pembroke Place LS 5QA Website Address www.ari Facebook page www.fac book.coml iffiths Follow us on Trltter aried2
A.R.l.C.D. (CIO) Trustees. Annual Report {contsnuedJ Year ended 31 March 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. The trustees present the full year accounts in the report for the CIO (Registration No: 1161043) REFERENCE AIYD ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the Ix)ard and professional advisers on pages l & 2 of the financial statements. Trustees and Principal oificers The following are in place following the AGM in October 2023 Dr S. Bloomfield President Vacancy Vice President Hilary Lane Secretary Dr P. McAlinden Treasurer Dr E Green Solange Fernandes Fale Prof. Louise Stroud Dr Kavitha Gunasuntharam Dr Chinwe Osuchukwu Marta Kalas Louis Coke Structure, Governance & Management A Board of Trustees of unpaid members administers the Association. The honorary officers of the Board oversee the day-to-day activities of the Association as 'Holding Trustees, and are responsible to the Board of Trustees for the overall administration of the Association. The post of Vice President is vacant sinc¢ the last AGM but posts of Treasurer and Secretary were filled so there are three officers. a) Committees The main Association committees are: Training Education and Equipment Committee Research Committee IT/ website Committee Each committee reports to the Board of Trustees, which approves major decisions and has overall responsibility for all the Association's activities. A Griffiths Scales Board of ARICD Officers and test development team members continues to provide a focus for discussion between ARICD and Hogrefe UK, the publishers of Griffiths III and GDS-C. The Griffiths Scales Board reports to the Board of Trustees.
A.R.l.C.D. {ClO) Trustees. Annual Report (¢ontinueo) Year ended 31 March 2024 b) Trustee selectioni appointment and competence The Trustees are elected at the Annual General Meeting by members of the Association from amongst their number, following submission of nominations prior to the meeting. According to the CIO Constitution, the minimum number of Trustees is 6, the maximum is 12 which shall include all officers. In addition, the Trustees can nominate 3 further charity trustees having the requisite skills to further the objects of the CIO. At every AGM one third of the charity trustees shall retire from officc, but in the best interests of the CIO, maintaining the 3year tem] of Officers and also ensuring not all Officers or Trustees retire at th¢ same time. The truslees to retire by rotation shall be ihose who have been longest in office. Vacancies so arising may be filled by the decisions of the mernbers at the AGM. The Board of Trustees monitors its membership to ensure an adequate level of skills and expertise relating to the different areas of the Associalion's activities, as well as maintaining a balance between medical practitioners and psychologists. Representatives of different areas of the world where the Griffiths Scales are used, are encouraged. The officers are constantly alert to identify potential new members with appropriate background and skills to replace retiring members and fill other vacancies. New Trustees receive individual tuition from the Officers and current Trustees to acquaint them with the Association's aims and activities, policies and practices, management and govemance. Regular updates are provided to all Trustees, via committee meetings and through the website, In dddition, Holding Trustees (Officers of the Association) are infonned of their responsibilities under charity law with particular reference to Charity Commission guidance publications. Training opportunities are linked with regular reviews of strategy and objectives. The Annual General meeting took place virtually in October 2023. No Trustees stepped down but no new Trustees cam¢ forward from the membership, so a number of Trustees stayed on for a further year to keep sufficient numbers. The three officers continued their appointment. In addition, to widen the skill mix of the board, external advertising for new Tnistees took place resulting in a number of applications with three candidates being interviewed and two candidates deemed appointable. These two new trustees - Marta Kalas and Louis Coke were voted in by the membership at the AGM. c) Trust Deed The governing instrument for the CIO Charity No 1161043 is the CIO Constitution for ARICD which was approved by the Charity Commission in March 2015. This contains the purpose and constitution of ARICD. Objectives, Benefits & Activities Objectives The aims of the Association are: l. To promote and maintain standards of work in the diagnostic testing of babies and young children using the Griffiths scales.
A.R.l.C.D. (CIO) Trusta8s' Annual Report (contlnued) Year ended 31 March 2024 2. To foster studies and research desied to increase knowledg¢ and understanding of mental development problems in very young children. 3. To organise meetings for the exchange of ideas and the furtherance of activities desIed to help both typically and atypically developing children of all groups b) Benefits l. Public benefit to children's health by ensuring that the Griffiths Mental Development Scales remain up to date and valid for their application in the county of use. 2. Public benefit by education to Tutors and other health professionals in the field of child development and disability. Tutors, meetings are restricted to Tutors but educational meetings are open to all relevant professionals. 3. Public benefit by education, by fostering studies and research with maintenance of the validity of the Griffiths Mental Development Scales through courses and study days. Activities The Association fulfils its objectives through three main activities: The maintenance of the relevance of the Griffiths Scales to today's children by Constant research to re-standardise the Scales and investigate their relevance against appropriate nomiative populations. 2. Regular educational opportunities are offered to the Tutors of the Scales. Support and advice are provided in the running of Courses to train successive generations of paediatricians and psychologists in child development, and the use of the Scales in particular, in many parts of the world. 3. An Internalional Scientific Meeting and other educational meetingslworkshops take place with lecturers of internationally high standard to foster understanding of child development. Participants attend from many parts of the world. Activities during 2023-2024: a) To widen the skill mix of the Board, ARICD advertis¢d ¢xt¢rnally for Trustees beyond the mcmbership. Two n¢w trustces with finance and business backgrounds joined the Board following appointment at the October AGM. A face-to-face meeting of all Trustees took place in London in January 2024, the main aim of this meeting was to look at new directions for ARICD for sustainability planning and operational and business upade whilst ontinuing to fulfil our objectives. Work commenced on this plan. b) All activities of ARICD and Griffiths ScaEes users worldwide continue to be impacted somewhat by the previous Covid-19 pandemic and accordingly many adjustments needed to bc made including having the majority of Board and Committee meetings thke place virtually. Despite this, it has been a very activ¢ and productive year. Updating of the risk register and policies and procedures continued through the year.
A.R.l.C.D. (CIO) Trustees. Annual Report {cofttlnued) Year ended 31 March 2024 c) Professor Louise Stroud of Nelson Mandela University South Africa continues to lead further development work on the Griffiths III Scales together with her team and the Griffiths Scales Board. Training courses were held in the university to expand the group of psychologists to assist with Griffiths Scales worE d) Work continues for the short form of the Griffiths Ill Scales - The Griffiths Dev¢lopm¢nt Gauge. This work is led by a core group: Professor Stroud, Dr Green, Ms Christina KowaczyK Dr Johan Cronje and Professor Foxcroft. A plan of development is written ready for use when the proposed equipment is agreed with HOefe. There is Continuing discussion regarding whether the Gauge will be used by registered Griffiths III users to highlight those children who nced to prOsS to a full assessment or more widely as a screening tool. e) The Research Committee is chaired by Dr Green. She and Professor Stroud with Hogrefe Ltd have applied for BPSIEFPA accreditation for Griffiths III. fj A number of research presentations were made at the European Congress Psychology Brighton, July 3-5th 2023: Stroud, L.. Green, E. (2023) Disaggregation of norn)ative data offers a clinical solution to incomplete standardized testing. Paper 1195, Abslracls JY European Congress o PJychology, p 421 EFPA, BPS. Stroud, L., Green, E. (2023) A tapestry of change: seeing the pandemic child through lens of authentic developmental assessment. Paper 1194, Ab3lracts 18, Europeun Congre&s ofP&ychologv, p 422. EFPA, BPS. Stroud, L., Green, E. et al (2023) More to children's rights and development than meets the eye: the climate crisis, the Covid-19 pandemic and the Griffiths III. Paper Ih 452, Abstraels 18 European Congress ofPsychologv, p 422. EFPA, BPS. Stroud, L., Green, E. {2023),' Climate justice and children's rights to fair developmental assessment and int¢rvention. Paper 1341, Abslracls 18 Europea Congress of Psycholo£v. p 423. EFPA. BPS. Stroud, L., Green, E. et al (2023) The Griffiths III: the test that sees more to children, s development than meets the eye. Pap¢r 1393, AbstraG¢s 18 European Congress of Psychology, p 423. EFPA, BP g) A published paper was chosen to be expanded into book chapter form: Green, E.M., Stroud, L.A. (2023) Choosing how we describe the development of children with disability. In Ct4rrent innovalions in Disease and Health Research Vol 2 Ed Youssef, A.T., Ch 13, pages 140-157. BP International. h) Translation of the Griffiths III Administration manual was completed for French-canadian users. There is on-going work for script translations in Indon¢si4 Philippines, Israel and as well as in potentially in Pakistan (Urdu and Sindi) and Tanzania (Swahili).
A.R.l.C.D. (CIO) Trustees, Annual Report (contiftuoo) Year ended 31 March 2024 i) In the December 2023 issue of Autism and Developmental Disorders a paper was published which containing both copYri]t infom]ation and the use of the name Griffiths without pennission. The head of IP and Rights for Hogrefe on behalf of ARICD wrote to Springer about the copyright issues and these were validated by Springer. An amended version of the paper and supplement was published. j) The lT/Website Committee chaired by Dr Okamoto continued to be very busy. The website was redesigned to make it more appealing and user friendly with a Megamenu for access by registered users, members and tutors as well as the public page. It now h&$ 4700 accounts an annual incrc&s¢ of over 1000. Content is regularly updated, and courses continue to be booked through the website. New registrants must consent to a privacy policy. There are 240 members of ARICD - annual (74), 5 year (145) and lifetime (21). Mailchimp is used for mail shots which are now used to keep members and users up to date. The Association's website, Facebook and Twitter pages continued to provide an effective and interactive means of communication with members, tutors and the g¢neral public. A Facebook group for Registered users, group has 125 participants. Tutor gTOUP has 31 members. Google Analytics provided analysis during the year. The website continues to be accessed on a daily basis and from many parts of the world. ARICD member newsletter is issued twice a year in 2. and 4 quarters. A registered newsletter was sent in April, June and September related to a number of updates. k) Two new Committee members joined and one stepped down. Our new administrative officer was appointed in June 2023 and is taking on more roles related to website and ¢-learning. l) A proposal to use The Trust Governor system for meeting management and document storage was accepted and has now been implemented. This is a major and very positive change for running meetings and the collation and storage of documents. It has improved the way wc work. m) Video conferencing continued to be used extensively for meetings including a very successful use of webinar for the Autumn Educational meeting 2023 and a Tutor webinar in November 2023. Vimeo Plus cloud storage is now used for video training material. n) The Training Education and Equipment Committee (TEEC) Chaired by Dr McAlinden has continued to work on updating educational materials. The Griffiths Ill Video Training Course went live in September 2023 and user feedback since then has been generally very positive, Most participants now do the Video Training Course followed by a 2-day Practical course. The Video Training Course is now also available as a refresher course for existing registered Griffiths III users. Some further changes are being made in response to feedbacK but overall users have found the new training materials very helpful. o) Griffiths Ill training courses took place around the world. Places included the following: in the UK (London, Oxford, Edinburgh), Ir¢land (Dublin, Galway? CorL Mayo, Limerick, Donegal, Offaly) Israel, in Portugal (Lisbon, Porto, Coimbra), India (Coimbatore) and in Australia- (Newc&8tle, LiveTpooI, Perth, Brisbane, Sydney, Adelaide, Melbourne, Darwin and Hobart, T&smania), New Zealand (Nelson), Indonesia (Jakarta), South Africa (Cape town, Johannesbur& Port Elizabeth, and Kuwazulu Natal), Saudi Arabia (Kaust), Dubai and a new course in Malaysia (Sibu, Borneo). 45 Griffiths Ill Practical Courses were held, and 329 new users were trained.
A.R.l.C.D. {ClO) Trustees. Annual Report (wntinued) Year ended 31 March 2024 While som¢ virtual practical courses had been held during Covid, most of these are now face-to- face again. Tutors, from areas with well-established training courses, have helped support new courses around the world. There are now 2793 Griffiths III users worldwid¢ an annual increase as above. p) There had been ongoing dialogue with psychologists from KIND at the Karolinska Institute in Stockholm who collaborated with ARICD in developing a Griffiths Ill training package as a part of their suite of training materials for psychologists in Sweden where there is a complete Griffiths III translation. This training was launched in autumn 2023 and around 65 psychologists will complete the training this year. q) Work is completed on GDS-C, the validated and translated GMDS-ER scales for Chin& Training continues in China where there are now a number of approved tutors and increase in user numbers. As everywhere, their training programme was severely aff¢ded by the pandemic. They continue to use an online e-learning module alongside practical courses. Training in 2023 increased with 264 new GDS-C users but not yet back to pre-pandemic levels. r) There continues to be dialogue between LIH, the distribution and training organisation in China, and ARICD with meetings twice yearly. Links need to be str¢ngthen¢d between ARICD and the academics and paediatricians who are the users in China. s) ARICD continu¢s to meet regularly with Hogrefe at the Griffiths Scales Board, chaired by Dr Green, and growth of Griffiths III is fairly healthy worldwide particularly in Italy and Sweden as well as Australia. We continue to work with Hogrefe UK based in Oxford and Pam Beck¢r general manager and her team, Minor equipment issues have been addressed. t) Appoinknent of Tutors continued to b¢ monitored by the training committee with a clear pathway to become approved and numbers are expanding worldwide although more are need¢d. Six new tutor Certificates were issued with a further 9 new tutors nearing completion. u) Tutor re-certification for all tutors is now undenvay. v) A Tutor workshop to present an update took place in November 2023 with 26 attendees . Prof L Stoud, Dr Jenny Jansen. Dr Johan Cronje NMU gave a presentation ' You have compl¢ted a Griffiths III assessment, now what? From base rates to quartile charts and a whol¢ lot mor¢" Thhs was followed by a discussion with Tutors on the interpretation of Griffiths III assessments. Feedback was very positive and workshops requested to be repeated at least annually. w) A Tutor Google Group continued communication bctween Tutors across th¢ world. x) The Allmn Educational meeting took place virtually on Friday Odober 6th 2023 with 36 attend¢¢s. The tille was: "Who is taking care of the Children? Neurodevelopmental approaches to Looked After and Unaccompanied Asylum-seeking Children." Speakers were Dr Stacy John-Legere, Dr David Trickey, Dr Ana Drape and Dr Christian Harkensee. The meeting was very well received. The quality of the speakers was excellent, and topics were very good. The recording of the meeting was made available from January 2024 to thos¢ ARICD members who w¢r¢ unable to attend. Many thanks to Ms Hilary Lane for organisiThg this excellent meeting.
A.R.l.C.D. (CIO) Trustees. Annual Report (eontinuadj Year ended 31 March 2024 Financial Review The Association is reliant on its royalty income, together with its income from sales of tutorial materials, books and videos, conference fees and members, subscriptions received and investment income. Reserves Policy The Trustees aim to maintain free reserves in unrestricted funds at a level that equates to at least 6 months unrestricted expenditure. The Trustees consider that this level will provide sufficient funds to support research and ensure there are also sufficient funds available to cover support and governance costs. Charity Commlssion Governance Code Guidelines have been produced to enable charities to ensure they are following their aims with due diligence. They are not a legal or regulatory requirement (this should already be in place) but it sets out 7 principles which are deliberately aspirational and are a tool aiming towards continuous improvement of the charity. I, Organisational purpose - These are clearly stated in our Objects, Benefits and Activities as above and continue to be our guiding principles. Our strate days in 2019 and recently in early 2024 helped us re-focus on this. 2. Leadership - We have a clear structure of committees and chairs. The challenge is to recruit from new members of ARICD to keep membership of committees up to full complement with those who have appropriate skills. A Schedule of Delegation is now in place 3. Integrity - We require ail new trustees to sign a declaration that they have no previous actions or conflicts of interest which would bar them from office 4. Decision makin& risk and control - we have a committee structure with all reporting to the Trustee Board for final decisions where appropriate. We have a risk register which is updated every 6 months and work-plan which is in process of being updated. We have both an accountant and lawyer for our organisation who availablc and responsive. We have worked towards data protection compliance with a privacy policy and management of data. 5. Board effectiveness- we have reporting structures in place to help make decisions, with a hard- working group. The Board of Trustees, chaired by the President, meets at least quarterly and are in regular contact. We realise howcver all members of committees have constraints on their time and are worldwide. El¢ctronic cotk]illuniualion has h¢lpcd Ankludins the implementation of the Trust Governor system for meetiFig M{ageMent. 6. Diversity - ARICD has worldwide membership and w¢ are endeavouring to include a wider group into the Trustee Board and committee membership 7. Opexmess and Accountability - all minutes are available to members and accounts are transparent Performance compared to last year's plans a) Work on the main priorities: Training courses for Griffiths III and to raise the profile of ARICD and the Griffith Scales worldwide, and update training materials in Current circumstances. b) Courses have increased in a variety of forms in many parts of the worl¢ despite the previous pandemic with work continuing on translated materials appropriate for county of use.
A.R.l.C.D. (CIO) Trustees, Annual Report (conlinued) Year ended 31 March 2024 c) Our financial base is r¢asonably secure for the future to ensure we have sufficient reserves to meet our running costs and to build capacity for futtJr¢ r¢s¢&rch and development of Griffiths IV. We have relatively stable royalties from Griffiths III kits and manuals. but w¢ will continue to monitor. Good incorne from training courses. d) Online Resources continue to be developed for Griffjths Ill Users. e) A number of papers have been published and there have been presentations at international meetings to help support EFPA application which is now submitted. fj Griffiths III Administration manual has been translated into French Canadian Griffjths III script translations are underway for Jndonesi4 Philippirjes, Israel and as well as in potentially in Pakistan (Urdu and Sindi) and Tanzania (Swahili). g) Work continues for the short forn] of the Grityiths III Scales - The Griffiths Development Gauge, a potential screening tool PIv4ns for Future Periods for ARICD number 1161043 (CIO) To increasingly secure a financial base which can support the forthcoming n standardisations and worthy search avenues into children's development. To await accreditation of Griffiths Ill by the EFPA. To continue making appropriate aangernents for the translation and validation of Griffiths Ill in other countries. Ensure we are working to the new Charity Commission Governance Code To continue to develop a Strategic Plan for ARICD Strategic Plan including a business upgrade for emaillIT systems, administrativelbookkeeping support and policies Complete policy development. To look at innovative ways to further the use of Griffiths III To continue to be responsive to educational and training needs of Griffiths users worldwide and develop appropriate training Materials Insurance The Trust¢¢s are covered by technical insurance to protect them from any liability assumed by their duties for the Charity which is allowed under The Charities Act 2006. AIUCD has employee cover. Trustees, Responsibilities Charity law requires the Trustees to prepare the ffftancial statements for each financial year, which gives a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those fllwicial statements the Trustees are required to.. Select suitabl¢ accounting policies and then apply them consistently. b. Make judg¢m¢nts and ¢stimat¢s that are r¢asonable and prudent. State whether the Statement of Recomm¢nd¢d Practice. Accounting by Charities and the Financial Reporting Standard for Smaller Entities hav¢ b¢¢n followed subject to any material departures disclosed and explained in the fmancial statements; d. Pr¢pare the financial statements on a going concern basis unless it is inappropriate to assum¢ that the charity will continue to operate. io
A.R.l.C.D. (CIO) Trustees. Annual Report (continued) Year ended 31 March 2024 Association for Research ill Infant and Child Development The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements con)ply with the Charities Act 2006, the Charity (Accounts and Reports) Regulations and the provisions of the CIO Constitution. They are also responsible for safeguarding the assets of the charlty and henc¢ for taking reasonable steps for the prevention and detection of fraud or other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial infornation included on the charity's website. Legislation in the Unitcd Kingdom governing the preparation and dissemination of ftnancial statemcnts may differ from legislation in other jurisdictions. Statement of disclosure of information to auditors We, the Trustees of the charity who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that: there is no relevant audit infomation of which the charilv's auditors are unaware. and we have taken all the steps that we ought to have taken as Trustecs in order to make ourselv¢s aware of any relev4tnt audit inlorinati()n and to establish that the charity's auditors are aware ot.that information The trustees, annual report was approved on 19th October 2024 and signed on behalf of the board of trustees by= Dr S Bloomfield Trustee 11
A.R.l.C.D. {ClO) Independent Examinerfs Report to the Trustees of A.R.l.C.D. {ClO) Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of A.R.l.C.D. (CIO) ('the charity,) for the year ended 31 March 2024. Responslbilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements Garried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner's ststement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Arxounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Petèr Gogarty CA Chartered Accountant For and on behalf of Henry Murray & Co Ltd Independent Examiner 23 Church Place Lurgan Co. Armagh BT88 6EY 19th October 2024 12
A.R.l.C.D. {ClO) statement of Financial Activities Year ended 31 March 2024 2024 Restricted funds Total funds Totsl funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Other trading activities Investment income Other income 20 187.409 4,129 3,194 20 167,409 4,185 3,194 174,808 113 153,719 613 5,696 160,141 56 Total income 174,752 Expendlture Expenditure on charitable activities Other expenditure Total exp8nditure 72,216 2,000 74.216 63,595 426 72,216 2,000 74,216 64,021 Net gains on investments 11 159 169 24 Net Income and net movement In funds 102,695 {1,944) 100,751 96,144 Re¢onclllatlon of funds Total funds brought forward Total funds carrled forward 420,372 5,722 426,094 626,846 329,951 426,094 523,067 3,778 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activrties. 13
A.R.l.C.D. (CIO) Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 16 17 4.560 2,011 6,080 1,853 6,571 7,933 Current assets Debtors Cash at bank and in hand 18 28.264 496,510 32,738 390,236 524,774 422,974 Credltors: amounts falling due withln one year Net current assets 19 4,500 4,812 520,274 526,845 418,162 Total assets less current liabilltlas Net assets 426,095 526,845 426,09ti Funds of the charity Restricted funds Unrestricted funds 3,778 523,067 5,722 420,372 426,094 Total ¢harity funds 21 526,845 These financial statements were approved by the board of trustees and authorised for issue on 19th October 2024, and are signed on behalf of the board by". Paq flLoJiJTha Dr S Bloomfield Trustee Dr P McAlinden Trustee 14-
A.R.l.C.D. (CIO) Notes to the Financial Statements Year ended 31 March 2024 General tnfomiation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address ofthe principal office is Hill Dickson, 50 Fountain Street, Manchester, M2 2AS. statement of compllance These financial statements have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)} and the Charities Act 2011. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material UnrtaIntieS about the charitys ability to continue. Judgements and key sources of estlmatlon uncertalnty Th8 preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of fijture events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms ofan appeal, and fall into one of two sub-classes= restricted income funds or endowment nds. 15
A.R.l.C.D. (CIO) Notes to the Financial Statements (continu8d) Year ended 31 March 2024 Accountlng policies (continu•0) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expen¢Jiture includes all expenditure thatls neither related to raising funds for the Gharity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned been the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible asset8 Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. io-
A.R.l.C.D. (CIO) Notes to the Flnanclal Statements {contlnuedJ Year ended 31 March 2024 Accountlng policies (continufjd) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairm ent that has previously been recognised as expenditure within the ststement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any pr8vious revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the usefijl economic life of that asset as follows.. Office Equipment 259A reducing balance Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assels are measured at cost less impaimient. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impalmient of flxed assets A revièw for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaiments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 17
A.R.l.C.D. (CIO) Notes to the Financial Ststements (continugd) Year ended 31 March 2024 Accountlng pollcles {¢onlinued) Financial instruments {¢ontlnuod) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised Cost are reviewed for objective evidenc8 of impairment at the end of each reporting date. If there is objective evidence of impairment, an impaiment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are elther assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment ar8 recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donatlon8 and18gaclas Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations Received 20 20 113 113 Other tradlng actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Course Income Royalties Received 109,159 58,250 109,159 58,250 167,409 90,551 63,168 153,719 90,551 63,168 167,409 153,719 18
A.R.l.C.D. (CIO) Notes to the Financial Ststements (contlnued) Year ended 31 March 2024 Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable Bank interest receivable - Asia Bank interest receivable - Treasurers account 515 515 56 3,614 3,614 4,129 4,185 Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable Bank interest receivable - Asia Bank interest receivable - Treasurers account 107 107 13 493 13 493 600 13 613 oth6r Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 other income Membership & Subscriptions 3,194 3,194 5,696 5,696 Expendlturo on charftable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Research & Training Activities Support costs 31,344 40,872 31,344 40,872 72,216 72,216 Unrestrlcted Funds Restricted Total Funds Funds 2023 Research & Training Activities Support costs 25,003 38,593 25,003 38,592 63,596 63,595 19
A.R.l.C.D. (CIO) Notes to the Financial Ststements Icontinu8d) Year ended 31 March 2024 Expenditure on charltable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Research & Training Activities Governance costs 31,344 31,344 40,872 72,216 25,003 38,592 63,595 40,872 40,872 31,344 10. Other expendlture Unrestricted Total Funds Unr8stricted Total Funds Funds 2024 Funds 2023 Loss on disposal of tangible fixed assets held for charity's own use 428 428 11. Net galns on Investments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainsl{losses} on other investment assets 159 159 24 24 12. Net Incomo Net income is stated after chargingl(crediting)-. 2024 2023 Depreciation of tangible fixed assets Loss on disposal of tangible fixed assets 1,520 2,027 426 13. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 5,706 14. Staff costs There was one part-time administrative employee during the year who was not a trustee. 20-
A.R.l.C.D. (CIO) Notes to the Financial Statements (contlnuadj Year ended 31 March 2024 15. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees During the year a total amount of £11,450 was paid in respect of trustee expenses to 6 trustees. All Trustees are members of the Association; some have lifetime membership while others pay an annual subscription of £25. 16. Tanglble flxed assets Fixtures and fittings Total Cost At 1 Aprll 2023 and 31 March 2024 Deprnclatlon At 1 April 2023 Charge for the year At 31 MarGh 2024 8,307 8,307 2,227 1,520 2,227 1,520 3,747 3,747 Carylng amount At 31 March 2024 4,560 4,560 At 31 March 2023 6,080 6,080 17. Investments Llsted Investments Cost or valuatlon At 1 April 2023 Additions Fair value movements 1,853 158 At 31 March 2024 2,011 Impalrment At 1 April 2023 and 31 March 2024 Carrylng amount At 31 March 2024 2,011 At 31 March 2023 1,853 All investments shown above are held at valuation. Financlal assets held at falr value The fair value of the shareholding is based on the open market share price. 21
A.R.l.C.D. (CIO) Notes to the Financial Statements (ntinUed) Year ended 31 March 2024 18. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 16,803 11,461 14,106 17,915 717 28,264 32,738 19. Credltor8: amounts falling due withln one year 2024 2023 Accruals and deferred income Social security and other taxes 4,500 4,500 312 4,500 4,812 20. Pen8lon8 and other post retlrement beneffts Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £90 (2023.. £193). 21. Anatysls of charltable funds Unrestrlcted funds At Gains and 31 March 202 losses At 1 April 2023 Income Expenditure General funds 420,372 174,752 (72,216) 159 523,067 At Gains and 31 March 202 losses At 1 April 2022 Income Expenditure General funds 324,242 160,128 (64,022) 24 420,372 -22.
A.R.l.C.D. (CIO) Notes to tha Financial Statements {¢ofttinue(g Year ended 31 March 2024 21. Analy818 of Gharltable funds (conUnue(g Restrlcted funds At Gains and 31 March 202 losses At 1 April 2023 Income Expenditure Restricted Fund - Asia Fund 5,722 56 {2,000) 3,778 At Gains and 31 March 202 losses At 1 April 2022 Income Expenditure Restricted Fund - Asia Fund 5,709 13 5,722 During the year a sum of £2000 was used to support access to the Griffrths111 Video Training Course as part of new Griffiths111 training in Asia. 22. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 4,561 2,011 520,995 14,500) 523,067 4,561 2,011 524,773 14,500) 626,845 3,778 3,778 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments Current assets Credrtors less than 1 year Net assets 6,080 1,853 417.252 (4,813) 420,372 6,080 1,853 422,974 (4,813) 426,094 5,722 5,722 23-
A.R.l.C.D. (CIO) Management Information Year ended 31 March 2024 The followlng pages do not form part of the flnanclal statements. -24-
A.R.l.C.D. (CIO) Detslled Statement of Financial Actlvltles Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacios Donations Received 20 113 Other tradlng activlties Course Income Royalties Received 109,159 68,250 90,551 63,168 167,409 153,719 Investment Incomo Bank interest receivable Bank interest receivable - Asia Bank interest receivable - Treasurers account 515 107 13 493 3,614 4,185 613 Other Income Other income Membership & Subscriptions 3,194 5,696 Totsl Income 174,808 160,141 Expendltura Expendlture on charltable actlvltle8 Purchases Wages and Salaries Pension costs Insurance Other establishment Legal and professional fees Other office costs Depreciation Other interest payable and similar charges 31,344 10,196 90 1,167 25,003 13,660 193 1,237 87 7,886 10,603 2,027 2,899 12,913 11,940 1,620 3.046 72,216 63,595 Other expenditure Loss on disposal of tangible fixed assets held for charity's own use 426 Total expendlture 74.216 64.021 Net galns on Investments Gainsl(losses) on other investment assets 159 24 Net income 100,751 96,144 25-
A.R.l.C.D. (CIO) Notes to the Detailed Statsment of Flnancial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activltles Research & Training Activltles Activlties undertaken directly Research & Training Expenses Governance costs Governance costs - wageslsalaries Governance costs - pension costs Governance costs - insurance Governan costs - other establishment Governance costs - accountancy fees Governance costs - legal and other professional fees Governance costs - costs of trustees, meetings Governance costs - other office costs Governance costs - depreciation Governance costs - bank fees 31,344 25,003 10,196 90 1,167 13,660 193 1,237 87 5,706 1,001 1.179 10,603 2,027 2,899 5,164 4,627 3,132 11,940 1,520 3,046 40,872 38,592 Expendlture on charftabla actlvltles 74,216 63,595 26-