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2023-03-31-accounts

Charity Registration No. 1168914

RESUSCITATION COUNCIL (UK)

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

RESUSCITATION COUNCIL (UK)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Professor A Lockey
Mr N Appleton (Appointed 27 July 2022)
Professor C Deakin
Professor I Maconochie
Ms V McKinlay
Professor G Perkins (Appointed 23 November 2022)
Ms B West (Appointed 27 July 2022)
Chief Executive Officer Dr James Cant
Director of Clinical and Service Michael Bradfield
Development
Director of Business Operations Paul White
Director of Communications and Esther Kuku
Engagement
Director of Customer and Business Carrie Gaston
Standards
Charity number 1168914
Principal address 60-62 Margaret Street
London
W1W 8TF
Auditor Shaw Gibbs (Audit) Limited
264 Banbury Road
Oxford
OX2 7DY
Bankers Lloyds Bank Plc
Kings Cross
344 Gray's Inn Road
London
WC1X 8BX
Solicitors Russell-Cooke LLP
2 Putney Hill
London
SW15 6AB

RESUSCITATION COUNCIL (UK)

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Consolidated statement of financial activities 10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 34

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the group's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

The results of the subsidiary are consolidated on a line by line basis.

Objectives and activities

Resuscitation Council UK’s objective is to save lives, by educating members of the public, medical, nursing, and ambulance practitioners and all other healthcare workers, in all aspects of resuscitation. The policies adopted in furtherance of the objective are:

Our guidelines and clinical advice continue to be centred upon the most up-to-date and authoritative evidence bases, while also reflecting the operational realities of delivering care in a recovering healthcare service post COVID-19. Our latest guidelines were published in May 2021 and have become embedded within healthcare systems across the UK.

We continued the development and delivery of training courses in advanced life support for adults, children and the newborn. We continue to increase our course offering, particularly looking at a blended learning approaches to enable flexibility in learning and to reduce the time required for face-to-face attendance. We are maintaining our multidisciplinary approach and recognise the importance of practical training in an increasing time-pressured environment. This year has seen us deliver a new innovative programme for individuals who wish to teach basic life support skills, and we are working on a programme of courses aimed at pre-hospital clinicians.

Training is delivered by a network of over 15,000 Resuscitation Council UK (RCUK) trained Instructors, who in 2022-23 trained over 164,000 healthcare professionals. We are very grateful to all our instructors, most of whom are NHS clinical staff, for their continuing commitment to consolidating and furthering the delivery of world-class resuscitation training. This is testament to their personal commitment to RCUK’s charitable aims and the high regard with which RCUK-endorsed training is viewed across the health and care sectors.

We continue to support the adoption and embedding of the ReSPECT process across the UK. This system of care facilitates discussion between individuals and their healthcare professionals regarding their care in an emergency situation when a person would not be able to participate in decision making and cannot express their wishes. The ReSPECT process has proven to be robust and fit for purpose in addressing ‘end of life’ care issues and is now supported by the CQC. The process played an active role in the Ministerial Oversight Group which was convened to consider the lessons learned from end-of-life care during the pandemic. This enabled RCUK to develop strong links with key stakeholders which will support the roll-out and consolidation of the programme in England. ReSPECT is currently adopted in 80% of England and we are working towards adoption within NI. Currently, in Scotland it is adopted within five health boards, with a further six working towards adoption. ReSPECT is not adopted in Wales.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

RCUK is committed to supporting all those who are affected by cardiac arrests. Survival and recovery from a cardiac arrest can be further improved via appropriate person-centred rehabilitation. Currently there is a lack of dedicated rehabilitation programmes for cardiac arrest survivors within the UK. RCUK is currently writing a quality standards paper, which focuses on the provision of person-centred rehabilitation for cardiac arrest survivors and their family and close friends. This is supported by a ‘Survivor forum’ made up of survivors of cardiac arrest and their key supporters.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the group should undertake.

Achievements and performance

During the course of 2022-23, we continued the expansion of our resources devoted to greater resuscitation awareness and skills beyond the clinical and care sectors to increasingly also include engagement with the wider public, particularly to encourage and support continued bystander CPR awareness and training. A key element of our work in this area is our role organising the Restart a Heart series of events and campaigns in October each year. This outreach campaign is unique in bringing together a host of NFPs and ambulance services across the UK with the shared aim of increasing public awareness of resuscitation and the teaching of basic CPR skills. One of its initial core aims was securing CPR training in schools. Having now achieved that, we are seeking to raise awareness of cardiac arrests and CPR in communities that suffer from disproportionately high incidence, lower bystander rates and poorer survival rates and challenge health inequalities. We have successfully assisted the Department of Health and Social Care providing expert advice on AED provision within schools across the UK.

We continued to develop our digital product range with the release of a new e-learning course for Basic Life Support Instructors. In addition we continued to develop our Lifesaver learning range by partnering with GoodSam and releasing a new version of Lifesaver that allowed individuals to sign up as GoodSam community responders on completion.

This is in keeping with our wider EDI commitments which form a key element of RCUK’s Vision 2030 and our operational plan 2021-24. This has also led us to contract with external consultants to conduct an accessibility audit of our website, our written materials and assessments, and our entire recruitment process. We have developed strong collaborative partnerships with a number of organisations including the British Islamic Medical Association (BIMA) and Sikh Nurses to support their community-outreach programmes and be guided by their expert advice. We also undertook a detailed census to gain a better understanding of our instructors, course centres, course candidates and e-Lifesaver customers to ensure we’re meeting their needs, as well as identifying areas which will enable us to better connect with, and serve our community. Additionally, we wanted to ensure that our work with these key stakeholders supports our goal of reducing health inequalities in the wider resuscitation community.

We were delighted to receive ISO9001 accreditation in March 2023. This follows on from the creation of a new department focusing on customer service and compliance. This will help ensure good governance across all aspects of our work.

We continue to offer annual research grants for small-scale research studies, enabling those who may otherwise struggle to access funding to undertake valuable research into resuscitation practice.

RCUK continues to partner and co-fund audit and registry projects for both in hospital (NCAA) and out of hospital (OHCAO) cardiac arrests.

RCUK continues to support and co-fund the Circuit (national defibrillator network) along with the BHF and St Johns Ambulance. Registration of publicly available defibrillators on the Circuit enables call handlers to locate the device and direct the responder to it to reduce the time to defibrillation and therefore increasing chances of successful resuscitation.

All initiatives support the Vision 2030 and RCUK aims.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

The financial review covers the annual period of the group to 31 March 2023. The total income for the group was £3,847,139 (2022: £3,664,486), which includes £3,519,907 (2022: £3,554,680) income from trading activities and £253,451 (2022: £74,466) income from charitable activities. Total income from investments during the year was £69,584 (2022: £33,721).

Total expenditure for the group for the year was £3,980,512 (2022: £3,073,146), which includes costs of raising funds of £2,359,529 (2022: £2,067,769) and expenditure on charitable activities of £1,620,983 (2022: £997,789). Other expenses in the year, being loss on disposal of assets, were £nil (2022: £7,588). The net outgoing resources for the year were £413,353 (2022: £435,889 incoming) after loss on investments of £279,980 (2022: £155,451).

At the balance sheet date, the total funds for the group were £6,963,652 (2022: £7,377,005), which were made up of general unrestricted funds totalling £2,212,526 (2022: £2,492,679) and designated funds totalling £4,751,126 (2022: £4,884,326).

Reserves policy

It is the policy of the group that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six to twelve month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the group’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

A provision of £4,000,000 (2022: £4,000,000) has been designated for a future property purchase.

The group is committed to funding Research and Development expenditure. A budget for research grant applications has been set at £280,000 (2022: £206,000).

The group anticipates costs of £130,000 (2022: £148,000) during 2023-24 with regards to the upgrades / improvements required to the Learning Management System, CRM and website.

The group anticipates costs of £140,200 (2022: £139,200) towards e-Learning.

The group has allocated £190,726 (2022: £301,126) for other projects and costs, including advertising / media and Baby CPR campaigns.

The group has set aside £10,200 (2022: £90,000) in respect of clinical service development.

The charity seeks to preserve its capital, securing a reasonable investment return compatible with minimising risk. The Finance and Investment policy approved by the Officers sanctioned an investment in equity to cash ratio of 70:30. There are no holdings in foreign assets or liabilities and no foreign exchange risk exposure.

The trustees have assessed the major risks to which the group is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Plans for future periods

Vision 2030 remains central to future plans. We will continue to consult with stakeholders on our future and will undertake surveys to understand how we can best support all stakeholders.

Championing Diversity & Inclusion in all areas of work is a key priority in the year ahead. We will seek to ensure that our public-facing communications and materials are inclusive, by means of external expert audit. We will also ensure that our recruitment process meets similarly high standards, as we seek to attract the very best talent to work with the group, whether in paid roles or as office bearers and volunteers. This commitment will also be reflected in our operational activities where focus and resources will be devoted to understanding how best to support communities and people affected disproportionately by cardiac arrest.

Our guidelines, quality standards, training courses and educational material reflect our expertise and underpin our reputation; these will continue to be central to who we are and what we do. The great work that continues to be done by volunteer Instructors across the UK is crucial to our ability to save lives through resuscitation and constitutes the bedrock on which we build our ambitions for the future. We will therefore strive to increase the reach of our courses and educational materials and ensure that everything we produce continues to be of the highest quality, review our existing quality standards and develop new standards, where a need is identified. We will continue to champion EDI within our clinical work streams and ensure our clinical resources address and recognises diversity and helps to continue to reduce inequalities.

We have several new online learning courses in development, these include a new course relating to Anaphylaxis and a specialist course called FEEL (Focused Echocardiography in Emergency Life Support). Both courses are due for release in Spring 2024.

Our ‘unique selling point’ or USP, lies within our expertise, and we continue to invest in developing our governance and the future leaders of the organisation and the wider resuscitation community, to ensure that we are adequately challenging ourselves and continuing to drive clinical excellence.

Our Vision 2030 places a strong emphasis on community resuscitation, as this is where the greatest unmet need is in terms of reducing premature death from cardiac arrest, and it is where our expertise can help save many more lives. We will continue to deliver and invest in ongoing initiatives such as the Restart a Heart Campaign, which is now established as a global campaign.

We will build upon the commitments to teach CPR in schools by working in partnership with schools and other partners to offer expert advice and resources to support delivery in the classroom. We will also continue to develop resources such as Lifesaver and seek to develop new partnerships with organisations outside of a healthcare setting, particularly in the workplace, where there is a great need for awareness of, and training in resuscitation. We continue to build relationships with cardiac arrest survivors and will strengthen supportive links with this community in order that people with personal experience of resuscitation are meaningfully and actively involved in guiding our work and helping us achieve our aims and objectives.

We will continue to fund innovative research into resuscitation and ensure that the evidence captured through the National Cardiac Arrest Audit (NCAA) and Out-of-Hospital Cardiac Arrest Outcomes (OHCAO) projects informs and drives improvements to policy and practice. In addition we are committed to supporting the Circuit from a governance and financial perspective.

The ReSPECT project will also continue to be a key priority for us in the coming year, as it offers tremendous opportunities for improving care planning, and promoting a person-centred approach to emergency care. The expectation is that the ReSPECT process becomes embedded across all sections of health and social care. Conversations across the Integrated Care Systems network will form a vital part of this commitment.

We will continue to grow our influence with key stakeholders, recognising that we need to ensure there is widespread commitment to resuscitation training in health and social care settings and keeping professionals safe while giving patients the best chance of survival and that we want to continue to drive adoption of the ReSPECT process.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

We will continue to take forward our commitment to support cardiac arrest survivors, their families and supporters. Additionally, we will strengthen our relationships with key stakeholders within this field.

We will continue to diversify our income streams to avoid overdependence on NHS funding. We will do this by exploring the need for new products and services in the community setting as we seek to grow CPR awareness in line with our vision 2030 planning.

Structure, governance and management

The charity incorporated on 25 August 2016 as a Charitable Incorporated Organisation (CIO). The charity was incorporated under the constitution dated 16 August 2016 and the registration number is 1168914.

Resuscitation Council (U.K.) Trading Limited is a subsidiary of the CIO and began to start trading on 1 April 2020.

The trustees who served during the year and up to the date of signature of the financial statements were: The trustees who served during the year and up to the date of signature of the financial statements were:
Professor A Lockey
Mr N Appleton (Appointed 27 July 2022)
Professor C Deakin
Professor I Maconochie
Ms V McKinlay
Professor G Perkins (Appointed 23 November 2022)
Ms J Roberts (Resigned 27 July 2022)
Ms B West (Appointed 27 July 2022)
Professor J Wyllie (Resigned 23 November 2022)

The Elected Trustees are elected by the members by way of postal or electronic ballots. The results of such elections shall be announced at Annual General Meetings (AGM).

Appointed Trustees shall hold office for three years from the date of their appointment. A person is eligible for reappointment save that an appointed Trustee shall not serve more than nine years in total as a Trustee.

There must be at least three Trustees. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the Trustees, or appoint a new Trustee.

Four Trustees' meetings are held in the year, at which the Trustees consider the strategy of the charity, financial overview, grant making, reserves, risk management and future planning. The day-to-day administration of the Charity is delegated to the Chief Executive Officer, Director of Clinical and Service Development, Director of Business Operations, Director of Communications and Engagement and Director of Customer and Business Standards.

On appointment new Trustees are briefed on the group objectives and activities and are provided with their roles and responsibilities document, guidance available from the Charity Commission 'The essential trustee: what you need to know, what you need to do' and 'Public benefit' guides.

The key management personnel of the group are considered to be the Trustees, Chief Executive Officer, Director of Clinical and Service Development, Director of Business Operations, Director of Communications and Engagement and Director of Customer and Business Standards. The Trustees are not given financial remuneration for their work. The salary of the Chief Executive Officer, Director of Clinical and Service Development, Director of Business Operations, Director of Communications and Engagement and Director of Customer and Business Standards is set by the Trustees. Consideration is given to the consumer price index, national average pay rise and NHS awards when deciding any pay rise.

The group is affiliated to The European Resuscitation Council.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the group and of the incoming resources and application of resources of the group for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the group and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees.

Professor A Lockey

Trustee

1 November 2023

RESUSCITATION COUNCIL (UK)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF RESUSCITATION COUNCIL (UK)

Opinion

We have audited the financial statements of Resuscitation Council (UK) (the ‘charity’) and its subsidiary (the 'group') for the year ended 31 March 2023 which comprise the group statement of financial activities, the charity statement of financial activities, the group balance sheet, the charity balance sheet, the group statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) and Charities SORP.

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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 material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

RESUSCITATION COUNCIL (UK)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RESUSCITATION COUNCIL (UK)

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation 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 assessing the group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives 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 includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

  1. At the planning stage of the audit we gain an understanding of the laws and regulations which apply to the company and how the management seek to comply with those laws regulations. This helps us to plan appropriate risk assessments.

  2. During the audit we focused on relevant risk areas and review the compliance with the laws and regulations by making relevant enquiries and undertaking corroboration, for example by reviewing Board Minutes and other documentation.

  3. We assessed the risk of material misstatement in the financial statements including as a result of fraud and undertook procedures including:

  4. a. Reviewing the controls set in place by management;

  5. b. Making enquiries of management as to whether they consider fraud or other irregularity may have taken place, or where such opportunity might exist;

  6. c. Challenging management assumptions with regard to accounting estimates; and

  7. d. Identifying and testing journal entries, particularly those which appear to be unusual by size or nature.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

RESUSCITATION COUNCIL (UK)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RESUSCITATION COUNCIL (UK)

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Samantha Daniels (Senior Statutory Auditor) for and on behalf of Shaw Gibbs (Audit) Limited

4 December 2023

Chartered Certified Accountants Statutory Auditor

264 Banbury Road Oxford OX2 7DY

RESUSCITATION COUNCIL (UK)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Unrestricted
funds
funds
general
designated
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
4,197
-
Charitable activities
4
253,451
-
Course guidelines and
registrations and
lifesaver
5
3,519,907
-
Investments
7
69,584
-
Total income
3,847,139
-
Expenditure on:
Raising funds
9
2,359,529
-
Charitable activities
11
1,068,122
552,861
Other
15
-
-
Total resources
expended
3,427,651
552,861
Net gains/(losses) on
investments
16
(279,980)
-
Net incoming/
(outgoing) resources
before transfers
139,508
(552,861)
Gross transfers between
funds
(419,661)
419,661
Net movement in funds
(280,153)
(133,200)
Fund balances at 1
April 2022
2,492,679
4,884,326
Fund balances at 31
March 2023
2,212,526
4,751,126		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2023
2022
2022
£
£
£
4,197
1,619
-
253,451
74,466
-
3,519,907
3,554,680
-
69,584
33,721
-
3,847,139
3,664,486
-
2,359,529
2,067,769
-
1,620,983
213,398
784,391
-
7,588
-
3,980,512
2,288,755
784,391
(279,980)
(155,451)
-
(413,353)
1,220,280
(784,391)
-
(1,136,215)
1,136,215
(413,353)
84,065
351,824
7,377,005
2,408,614
4,532,502
6,963,652
2,492,679
4,884,326		 Total
2022
£
1,619
74,466
3,554,680
33,721
3,664,486
2,067,769
997,789
7,588
3,073,146
(155,451)
435,889
-
435,889
6,941,116
7,377,005

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

RESUSCITATION COUNCIL (UK)

CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Unrestricted
funds
funds
general
designated
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
4,197
-
Charitable activities
4
253,451
-
Course guidelines and
registrations
6
3,467,263
-
Investments
7
69,584
-
Other income
8
47,760
-
Total income
3,842,255
-
Expenditure on:
Raising funds
10
2,189,675
-
Charitable activities
12
1,168,122
552,861
Other
15
-
-
Total resources
expended
3,357,797
552,861
Net gains/(losses) on
investments
16
(279,980)
-
Net incoming/
(outgoing) resources
before transfers
204,478
(552,861)
Gross transfers between
funds
(419,661)
419,661
Net movement in funds
(215,183)
(133,200)
Fund balances at 1
April 2022
2,524,308
4,884,326
Fund balances at 31
March 2023
2,309,125
4,751,126		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2023
2022
2022
£
£
£
4,197
1,619
-
253,451
74,466
-
3,467,263
3,485,108
-
69,584
33,721
-
47,760
13,525
-
3,842,255
3,608,439
-
2,189,675
1,949,730
-
1,720,983
263,398
784,391
-
7,588
-
3,910,658
2,220,716
784,391
(279,980)
(155,451)
-
(348,383)
1,232,272
(784,391)
-
(1,136,215)
1,136,215
(348,383)
96,057
351,824
7,408,634
2,428,251
4,532,502
7,060,251
2,524,308
4,884,326		 Total
2022
£
1,619
74,466
3,485,108
33,721
13,525
3,608,439
1,949,730
1,047,789
7,588
3,005,107
(155,451)
447,881
-
447,881
6,960,753
7,408,634

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

RESUSCITATION COUNCIL (UK)

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Intangible assets
21 & 22
Tangible assets
23 & 24
Investments
25 & 26
Current assets
Stocks
28
Debtors
29 & 30
Investments
Cash at bank and in hand
Creditors: amounts falling due within
one year
31 & 32
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
Designated funds
35
General unrestricted funds		 Group
2023
£
579,109
97,271
3,203,383
3,879,763
55,657
578,670
2,568,293
583,737
3,786,357
(702,468)
3,083,889
6,963,652
4,751,126
2,212,526
6,963,652		 2022
£
490,625
97,322
3,508,661
4,096,608
70,714
589,052
2,494,062
756,500
3,910,328
(629,931)
3,280,397
7,377,005
4,884,326
2,492,679
7,377,005		 Charity
2023
£
319,818
94,995
3,478,386
3,893,199
55,657
752,639
2,568,293
485,431
3,862,020
(694,968)
3,167,052
7,060,251
4,751,126
2,309,125
7,060,251		 2022
£
290,471
97,322
3,508,664
3,896,457
70,714
952,085
2,494,062
666,727
4,183,588
(671,411)
3,512,177
7,408,634
4,884,326
2,524,308
7,408,634

The financial statements were approved by the Trustees on 1 November 2023

Professor A Lockey Trustee

RESUSCITATION COUNCIL (UK)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
40
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Purchase of investments
Proceeds on disposal of investments
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
2022
£
£
£
£
85,174
723,864
(244,299)
(99,520)
(34,289)
(18,123)
-
511
(348,688)
(3,982,248)
299,755
164,348
69,584
33,721
(257,937)
(3,901,311)
-
-
(172,763)
(3,177,447)
756,500
3,933,947
583,737
756,500

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Resuscitation Council (UK) is a Charitable Incorporated Organisation (CIO), and is registered with the Charity Commission for England and Wales (charity number 1168914). The charity was registered with the Charity Commission on 25 August 2016. The charity's principal office address is 60-62 Margaret Street, London, W1W 8TF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the group's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The group is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The Statement of Financial Activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertakings. The results of the subsidiary are consolidated on a line by line basis.

The financial statements are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the group is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the group has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Where income relates to subsequent accounting periods, it is carried forward as deferred income.

Subscription income is recognised on a receivable basis.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Trading income from training courses and related product sales is recognised when the charity is entitled to the income or services are provided.

For e-lifesaver income specifically the directors are of the opinion that this is on the date the customers gain access to the licence.

Royalties are recognised on a receivable basis.

Conference income is recognised when the conference has taken place.

Investment income is recognised on a receivable basis.

1.5 Resources expended

Expenditure is recognised when a liability is incurred. All expenditure is accounted for on an accruals basis. The funding for providing educational materials and training is recognised as the goods and services are supplied. Research grants are recognised when a constructive obligation arises and the payment becomes an unavoidable commitment. The costs of the development of the e-learning programme are recognised as the liabilities are incurred.

Direct costs attributable to a single activity are allocated directly to that activity.

Governance costs include those incurred in the governance by the trustees of the charity's assets and are primarily associated with constitutional and statutory requirements of operating the charity.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences 5 years Software and website 25% Reducing balance E-Learning platform 5 years

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 5 years Fixtures, fittings and equipment 25% Reducing balance

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Impairment of fixed assets

At each reporting end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12 Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group’s contractual obligations expire or are discharged or cancelled.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.16 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.17 Current asset investments

Current asset investments are short term liquid investments with original maturities of three months or more, or cash held for investment purposes.

2 Critical accounting estimates and judgements

In the application of the group’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(Continued)

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic lives of non-current assets

The useful economic lives of non-current assets have been derived from the judgement of the directors, using their best estimate of the write-down period.

Stock valuation and obsolescence

Stocks are valued at the lower of cost and net realisable value. Cost is based on the purchase cost. Net realisable value, includes, where necessary, provisions for slow moving and obsolete stocks. Calculation of these provisions requires judgements to be made, which include the forecasted customer demand, competitive and economic environment as well as the ageing of stock. These variables are monitored by the directors and a provision is in place to mitigate the relevant risk.

E-lifesaver licence income

The directors are of the opinion that the income in relation to the e-lifesaver licence should be recognised on the date the customers are granted access to the courses. Customers are provided several usages of the relevant course. However, income is not recognised over the usage period on the basis that the costs to provide the courses has already been incurred and no further costs will be incurred when the customer views the content.

3 Donations and legacies - Charity and consolidated

Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Donations and gifts 4,197 1,619

4 Charitable activities - Charity and consolidated

Subscriptions Royalties Conferences Total Subscriptions Royalties Total
2023 2023 2023 2023 2022 2022 2022
£ £ £ £ £ £ £
Sales
within
charitable
activities 19,269 69,835 164,347 253,451 17,191 57,275 74,466

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Course guidelines and registrations and lifesaver - Consolidated
Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Trading activity income 3,519,907 3,554,680
6 Course guidelines and registrations - Charity
Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Trading activity income 3,467,263 3,485,108
7 Investments - Charity and consolidated
Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Income from listed investments 23,530 9,835
Interest receivable 46,054 23,886
69,584 33,721
8 Other income - Charity
Total Total
2023 2022
£ £
Management charge to Resuscitation Council (U.K.) Trading Limited 47,760 13,525

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Raising funds - Consolidated

Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Trading costs
Trading activity costs – guidelines and lifesaver 565,377 539,557
Staff costs 271,423 221,253
Support costs 1,502,307 1,293,807
Trading costs 2,339,107 2,054,617
Investment management 20,422 13,152
2,359,529 2,067,769

10 Raising funds - Charity

Unrestricted Unrestricted
funds funds
general general
2023 2022
£ £
Trading costs
Trading activity costs - guidelines 492,563 506,306
Staff costs 271,423 221,253
Support costs 1,405,267 1,209,019
Trading costs 2,169,253 1,936,578
Investment management 20,422 13,152
2,189,675 1,949,730

Total 2022 £ 168,428 175,198 619,366 34,797 997,789 213,398 784,391 997,789
Research
Education
Innovation		 2022
2022
2022		 £
£
£		 -
130,530
37,898		 175,198
-
-		 275,726
205,338
138,302		 15,490
11,536
7,771		 466,414
347,404
183,971		 -
130,306
83,092		 466,414
217,098
100,879		 466,414
347,404
183,971
Total 2023 £ 498,045 8,000 1,075,567 39,371 1,620,983 1,068,122 552,861 1,620,983
Research
Education
Innovation		 2023
2023
2023		 £
£
£		 -
491,647
6,398		 8,000
-
-		 14,101
872,561
188,905		 516
31,941
6,914		 22,617
1,396,149
202,217		 -
884,078
184,044		 22,617
512,071
18,173		 22,617
1,396,149
202,217
Direct costs Grant funding of activities (see note 17) Share of support costs (see note 13) Share of governance costs (see note 13) Analysis by fund Unrestricted funds - general Unrestricted funds - designated

Total 2022 £ 218,428 175,198 619,366 34,797 1,047,789 263,398 784,391 1,047,789
Research
Education
Innovation		 2022
2022
2022		 £
£
£		 -
130,530
87,898		 175,198
-
-		 275,726
205,338
138,302		 15,490
11,536
7,771		 466,414
347,404
233,971		 -
130,306
133,092		 466,414
217,098
100,879		 466,414
347,404
233,971
Total 2023 £ 598,045 8,000 1,075,567 39,371 1,720,983 1,168,122 552,861 1,720,983
Research
Education
Innovation		 2023
2023
2023		 £
£
£		 -
491,647
106,398		 8,000
-
-		 14,101
872,561
188,905		 516
31,941
6,914		 22,617
1,396,149
302,217		 -
884,078
284,044		 22,617
512,071
18,173		 22,617
1,396,149
302,217
Direct costs Grant funding of activities (see note 17) Share of support costs (see note 14) Share of governance costs (see note 14) Analysis by fund Unrestricted funds - general Unrestricted funds - designated
Basis of allocation Direct costs Direct costs Direct costs Direct costs Time usage Direct costs Direct costs Direct costs Direct costs Direct costs Direct costs Governance Governance Governance
2022 £ 1,118,781 168,124 30,242 24,876 158,818 2,950 223,315 12,097 11,125 9,594 82,108 13,000 30,475 62,465 1,947,970 1,293,807 654,163 1,947,970
2023Support costs Governance costs £
£
£		 1,549,393
1,118,781
-		 190,155
168,124
-		 35,944
30,242
-		 27,186
24,876
-		 173,242
150,877
7,941		 3,002
2,950
-		 231,315
223,315
-		 83,700
11,271
826		 8,372
11,125
-		 16,642
9,594
-		 212,017
82,108
-		 19,625
-
13,000		 23,835
-
30,475		 42,817
-
62,465		 2,617,245
1,833,263
114,707		 1,502,307
1,213,897
79,910		 1,114,938
619,366
34,797		 2,617,245
1,833,263
114,707
Governance costs £ - - - - 8,662 - - 4,780 - - - 19,625 23,835 42,817 99,719 60,348 39,371 99,719
Support costs £ 1,549,393 190,155 35,944 27,186 164,580 3,002 231,315 78,920 8,372 16,642 212,017 - - - 2,517,526 1,441,959 1,075,567 2,517,526
Support costs - Consolidated Staff costs Depreciation Staff training and welfare Insurance Rent and rates Storage Information Technology costs Travel and subsistence Printing, postage and stationery Input VAT disallowed Other costs Audit fees Accountancy Legal and professional Analysed between Trading Charitable activities
13

Basis of allocation Direct costs Direct costs Direct costs Direct costs Time usage Direct costs Direct costs Direct costs Direct costs Direct costs Direct costs Governance Governance Governance
2022 £ 1,118,781 116,927 30,242 24,876 158,818 2,950 205,564 12,097 11,125 9,594 81,868 6,500 21,375 62,465 1,863,182 1,209,019 654,163 1,863,182
2023Support costs Governance costs £
£
£		 1,549,393
1,118,781
-		 123,482
116,927
-		 35,944
30,242
-		 27,186
24,876
-		 173,242
150,877
7,941		 3,002
2,950
-		 211,911
205,564
-		 83,700
11,271
826		 8,372
11,125
-		 16,642
9,594
-		 211,774
81,868
-		 12,875
-
6,500		 19,900
-
21,375		 42,782
-
62,465		 2,520,205
1,764,075
99,107		 1,405,267
1,144,709
64,310		 1,114,938
619,366
34,797		 2,520,205
1,764,075
99,107
Governance costs £ - - - - 8,662 - - 4,780 - - - 12,875 19,900 42,782 88,999 49,628 39,371 88,999
Support costs £ 1,549,393 123,482 35,944 27,186 164,580 3,002 211,911 78,920 8,372 16,642 211,774 - - - 2,431,206 1,355,639 1,075,567 2,431,206
Support costs - Charity Staff costs Depreciation Staff training and welfare Insurance Rent and rates Storage Information Technology costs Travel and subsistence Printing, postage and stationery Input VAT disallowed Other costs Audit fees Accountancy Legal and professional Analysed between Trading Charitable activities
14

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

15 Other expenses - Charity and consolidated

Net loss on disposal of tangible fixed assets Total
Unrestricted
funds
£
general
2023
2022
-
7,588
-
7,588		 Total
Unrestricted
funds
£
general
2023
2022
-
7,588
-
7,588
7,588

16 Net gains/(losses) on investments - Charity and consolidated

Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£
Revaluation of investments
(199,196)
(169,729)
Gain/(loss) on sale of investments
(80,784)
14,278
(279,980)
(155,451)
Grants payable - Charity and consolidated
Research
Research
2023
2022
£
£
Grants to institutions:
University of Warwick
-
104,909
University of Leicester
-
30,293
Mid and South Essex NHS Foundation Trust
-
39,996
Newcastle Upon Tyne Hospitals NHS Trust
8,000
-
8,000
175,198		 Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£
Revaluation of investments
(199,196)
(169,729)
Gain/(loss) on sale of investments
(80,784)
14,278
(279,980)
(155,451)
Grants payable - Charity and consolidated
Research
Research
2023
2022
£
£
Grants to institutions:
University of Warwick
-
104,909
University of Leicester
-
30,293
Mid and South Essex NHS Foundation Trust
-
39,996
Newcastle Upon Tyne Hospitals NHS Trust
8,000
-
8,000
175,198		 Unrestricted
Unrestricted
funds
funds
general
general
2023
2022
£
£
Revaluation of investments
(199,196)
(169,729)
Gain/(loss) on sale of investments
(80,784)
14,278
(279,980)
(155,451)
Grants payable - Charity and consolidated
Research
Research
2023
2022
£
£
Grants to institutions:
University of Warwick
-
104,909
University of Leicester
-
30,293
Mid and South Essex NHS Foundation Trust
-
39,996
Newcastle Upon Tyne Hospitals NHS Trust
8,000
-
8,000
175,198
2023
£
-
-
-
8,000
8,000		 2022
£
104,909
30,293
39,996
-
175,198

17 Grants payable - Charity and consolidated

Commitments

At the balance sheet date outstanding grants payable total £nil (2022: £47,900). These are included in other creditors due within one year.

18 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Trustees

During the period 5 trustees (2022: 4) were reimbursed £7,601 (2022: £5,017) in respect of travelling and other expenses.

One trustee, Professor J Wyllie, was remunerated £nil (2022: £16,602) during the period in respect of carrying out his duties as president of Resuscitation Council (UK), in accordance with the charity's Constitution. Professor J Wyllie is employed by a NHS Foundation Trust, who under a separate agreement invoice Resuscitation Council (UK) a proportion of his remuneration associated with his activity. No other benefits are paid to Professor J Wyllie.

Professor J Wyllie also purchased goods totalling £nil (2022: £340) in the period from the Resuscitation Council (UK).

One trustee, Janine Roberts, invoiced the Resuscitation Council (UK) £nil (2022: £1,385) in the period through an intermediary company for providing additional support in relation to candidate selection and interview.

No other trustees received any remuneration during the period.

20 Employees - Charity and consolidated

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
32
2023
£
1,488,235
174,227
158,354
1,820,816		 2022
Number
26
2022
£
1,094,894
123,824
121,316
1,340,034
The number of employees whose annual remuneration was £60,000 or more
were:
2023 2022
Number Number
£60,000 - £69,999 3 -
£70,000 - £79,999 2 3
£90,000 - £99,999 - 1
£100,000 - £109,999 1 -

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

21
Intangible fixed assets - Consolidated
Cost
At 1 April 2022
Additions - separately acquired
At 31 March 2023
Amortisation and impairment
At 1 April 2022
Amortisation charged for the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
22
Intangible fixed assets - Charity
Cost
At 1 April 2022
Additions - separately acquired
At 31 March 2023
Amortisation and impairment
At 1 April 2022
Amortisation charged for the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022		 Patents &
licences
Software and
website
E-Learning
platform
£
£
£
24,349
593,654
271,579
4,995
113,542
125,762
29,344
707,196
397,341
4,900
322,632
71,425
4,870
84,320
66,625
9,770
406,952
138,050
19,574
300,244
259,291
19,449
271,022
200,154
Patents &
licences
Software and
website
£
£
24,349
593,654
4,995
113,542
29,344
707,196
4,900
322,632
4,870
84,320
9,770
406,952
19,574
300,244
19,449
271,022		 Total
£
889,582
244,299
1,133,881
398,957
155,815
554,772
579,109
490,625
Total
£
618,003
118,537
736,540
327,532
89,190
416,722
319,818
290,471

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

23
Tangible fixed assets - Consolidated
Leasehold
improvements
Fixtures,
fittings and
equipment
£
£
Cost
At 1 April 2022
45,022
158,656
Additions
-
34,289
At 31 March 2023
45,022
192,945
Depreciation and impairment
At 1 April 2022
33,015
73,341
Depreciation charged in the year
9,004
25,336
At 31 March 2023
42,019
98,677
Carrying amount
At 31 March 2023
3,003
94,268
At 31 March 2022
12,007
85,315
24
Tangible fixed assets - Charity
Leasehold
improvements
Fixtures,
fittings and
equipment
£
£
Cost
At 1 April 2022
45,022
158,656
Additions
-
31,965
At 31 March 2023
45,022
190,621
Depreciation and impairment
At 1 April 2022
33,015
73,341
Depreciation charged in the year
9,004
25,288
At 31 March 2023
42,019
98,629
Carrying amount
At 31 March 2023
3,003
91,992
At 31 March 2022
12,007
85,315		 Total
£
203,678
34,289
237,967
106,356
34,340
140,696
97,271
97,322
Total
£
203,678
31,965
235,643
106,356
34,292
140,648
94,995
97,322

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

25 Fixed asset investments - Consolidated

Listed
investments
£
Cost or valuation
At 1 April 2022 3,508,661
Additions 274,457
Valuation changes (199,196)
Disposals (380,539)
At 31 March 2023 3,203,383
Carrying amount
At 31 March 2023 3,203,383
At 31 March 2022 3,508,661

Fixed asset investments revalued

Listed investments are recognised at their fair value of £3,203,383 (2022: £3,508,661). The valuation was undertaken by Brown Shipley as at 31 March 2023. The fair value for the listed investments is equivalent to the market value. The historical cost value of the investments is £3,402,579 (2022: £3,678,390).

26 Fixed asset investments - Charity

Listed
investments
Other
investments
£
Cost or valuation
At 1 April 2022
3,508,661
3
Additions
274,457
275,000
Valuation changes
(199,196)
-
Disposals
(380,539)
-
At 31 March 2023
3,203,383
275,003
Carrying amount
At 31 March 2023
3,203,383
275,003
At 31 March 2022
3,508,661
3
2023
Other investments comprise:
Notes
£
Investments in subsidiaries
27
275,003		 Total
£
3,508,664
549,457
(199,196)
(380,539)
3,478,386
3,478,386
3,508,664
2022
£
3

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

26 Fixed asset investments - Charity

(Continued)

Fixed asset investments revalued

Listed investments are recognised at their fair value of £3,203,383 (2022: £3,508,661). The valuation was undertaken by Brown Shipley as at 31 March 2023. The fair value for the listed investments is equivalent to the market value. The historical cost value of the investments is £3,402,579 (2022: £3,678,390).

27 Subsidiaries

Details of the group's subsidiaries at 31 March 2023 are as follows:

Name of undertaking Registered Nature of business Class of % Held % Held
office shares held
**Direct **		 Indirect
Resuscitation Council (UK) 60-62 Margaret First aid training solutions Ordinary 100.00
Trading Limited Street, London,
W1W 8TF
28 Stocks - Charity and consolidated
2023 2022
£ £
Finished goods and goods for resale 55,657 70,714
29 Debtors - Consolidated
2023 2022
Amounts falling due within one year: £ £
Trade debtors 296,719 322,505
Other debtors 64,879 46,169
Prepayments and accrued income 217,072 220,378
578,670 589,052
30 Debtors - Charity
2023 2022
Amounts falling due within one year: £ £
Trade debtors 295,595 294,974
Amounts owed by subsidiary undertakings 185,441 388,369
Other debtors 60,243 48,364
Prepayments and accrued income 211,360 220,378
752,639 952,085

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

31 Creditors: amounts falling due within one year - Consolidated

31
Creditors: amounts falling due within one year - Consolidated
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
32
Creditors: amounts falling due within one year - Charity
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
33
Financial instruments - Consolidated
Carrying amount of financial assets
Debt instruments measured at amortised cost
Instruments measured at fair value through profit or loss
Carrying amount of financial liabilities
Measured at amortised cost
34
Financial instruments - Charity
Carrying amount of financial assets
Debt instruments measured at amortised cost
Instruments measured at fair value through profit or loss
Carrying amount of financial liabilities
Measured at amortised cost		 2023
£
62,162
113,014
15,456
511,836
702,468
2023
£
62,162
113,014
15,456
504,336
694,968
2023
£
323,643
3,203,383
640,306
2023
£
507,960
3,203,383
632,806		 2022
£
50,511
127,494
52,497
399,429
629,931
2022
£
50,511
125,874
52,497
442,529
671,411
2022
£
376,436
3,508,661
629,420
2022
£
687,273
3,508,661
620,900

Transfers
Balance at		 31 March 2023 £
£		 -
4,000,000		 96,617
280,000		 (18,000)
130,000		 35,800
140,200		 -
-		 (77,779)
10,200		 383,023
190,726		 419,661
4,751,126
Resources expended £ - (22,617) - (34,800) - (2,021) (493,423) (552,861)
Balance at 1 April 2022 £ 4,000,000 206,000 148,000 139,200 - 90,000 301,126 4,884,326
Transfers £ - 462,414 (3,900) 237,835 27,557 97,438 314,871 1,136,215
Resources expended £ - (466,414) - (171,237) (39,557) (31,438) (75,745) (784,391)
Balance at 1 April 2021 £ 4,000,000 210,000 151,900 72,602 12,000 24,000 62,000 4,532,502
Property Purchase Research and development Technology and communications E-learning GL2021 iResus app Clinical service development Other projects

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

36 Analysis of net assets between funds - Consolidated

36
Analysis of net assets between funds - Consolidated
Unrestricted
funds
Designated
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Intangible fixed assets
579,109
-
Tangible assets
97,271
-
Investments
-
3,203,383
Current assets/(liabilities)
1,536,146
1,547,743
2,212,526
4,751,126
37
Analysis of net assets between funds - Charity
Unrestricted
funds
Designated
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Intangible fixed assets
319,818
-
Tangible assets
94,995
-
Investments
-
3,478,386
Current assets/(liabilities)
1,894,312
1,272,740
2,309,125
4,751,126		 Total
Unrestricted
funds
Designated
funds
2023
2022
2022
£
£
£
579,109
490,625
-
97,271
97,322
-
3,203,383
-
3,508,661
3,083,889
1,904,732
1,375,665
6,963,652
2,492,679
4,884,326
Total
Unrestricted
funds
Designated
funds
2023
2022
2022
£
£
£
319,818
290,471
-
94,995
97,322
-
3,478,386
-
3,508,664
3,167,052
2,136,515
1,375,662
7,060,251
2,524,308
4,884,326		 Total
2022
£
490,625
97,322
3,508,661
3,280,397
7,377,005
Total
2022
£
290,471
97,322
3,508,664
3,512,177
7,408,634

38 Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
178,493
187,908
366,401		 2022
£
132,820
44,273
177,093

Operating lease payments recognised as an expense in the year were £132,820 (2022: £132,820).

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

39 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023 2022 2022
£ £
Aggregate compensation 399,024 388,815
40 Cash generated from operations - Consolidated 2023 2022
£ £
(Deficit)/surplus for the year (413,353) 435,889
Adjustments for:
Investment income recognised in statement of financial activities (69,584) (33,721)
(Gain)/loss on disposal of tangible fixed assets - 7,588
Loss/(gain) on disposal of investments 80,784 (14,278)
Fair value gains and losses on investments 199,196 169,729
Amortisation and impairment of intangible assets 155,815 134,305
Depreciation and impairment of tangible fixed assets 34,340 33,819
Movements in working capital:
Decrease/(increase) in stocks 15,057 (33,922)
Decrease/(increase) in debtors 10,382 (117,004)
Increase in creditors 72,537 141,459
Cash generated from operations 85,174 723,864
41 Analysis of changes in net funds - Consolidated
The group had no debt during the year.