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← Resuscitation Council (UK)

2024-03-31-accounts

Charity Registration No. 1168914

RESUSCITATION COUNCIL (UK)

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

RESUSCITATION COUNCIL (UK)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Professor A Lockey
Mr N Appleton
Professor C Deakin
Professor I Maconochie
Professor G Perkins
Ms B West
Mr M Webster (Appointed 27 June 2024)
Chief Executive Officer Dr J Cant
Director of Clinical and Service Mr M Bradfield
Development
Director of Business Operations Mr P White
Director of Communications and Mrs E Kuku
Engagement
Director of Governance and Assurance Mrs C Gaston
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
Charity statement of financial activities 11
Balance sheet 12
Consolidated statement of cash flows 13
Notes to the financial statements 14 - 36

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

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 and healthcare providers in all aspects of resuscitation. The policies adopted in furtherance of the objective are:

Our guidelines and clinical advice are centred upon the most up-to-date and authoritative evidence bases. Our latest guidelines were published in May 2021 and are embedded within healthcare systems across the UK and the national standard approach to resuscitation across all healthcare settings.

We continued the development and delivery of training courses in advanced life support for adults, children and the newborn. We increased our course development, using a blended learning approach to enable flexibility in learning and to reduce the time required for face-to-face attendance. We are maintaining our multidisciplinary ethos and recognise the importance of practical training in an increasing time-pressured environment. We have developed two new programmes aimed at out-of-hospital healthcare practitioners who provide advanced life support, initially focussed on adult and newborn age groups, which we hope to expand to paediatric and intermediate levels at a later stage. This means we are supporting a wider range of clinicians by providing education programmes that reflect the reality of delivering care in community settings.

Training is delivered by a network of over 15,000 Resuscitation Council UK (RCUK) trained instructors, who in 2023-24 trained over 215,000 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 high quality 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.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

We continue to support the adoption and implementation 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. RCUK is working to develop educational resources to support those using the ReSPECT process as well as hosting a national engagement event in 2024.

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 has created a quality standard paper, which focuses on the provision of person-centred rehabilitation for cardiac arrest survivors. This was developed with representatives of the ‘Survivor forum’ made up of survivors of cardiac arrest and their key supporters, as well as researchers, clinicians and experts from across the UK.

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 2023-24, we continued the expansion of our resources devoted to greater resuscitation awareness and skills beyond the clinical and care sectors to 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.

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. 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.

During 2023, we hosted our first-ever parliamentary event, calling on politicians to support our new campaign, My Right to Cardiac Arrest Recovery. Following on from our Parliamentary Reception we successfully secured two resuscitation themed debates in parliament, both in the House of Lords and Westminster Hall.

Our RSAH campaign in October, once again, saw partners coming together to raise awareness of bystander CPR. Partnership activity included: Heart of West London Brentford FC; a CPR awareness video with players from the Brentford first team shared on social media in the run up to the RSAH match. CPR awareness for fans in the stadium fanzone, where RCUK team was joined by Brentford players. We also ran a CPR training session for Crystal Palace FC and a similar training video with some of their players.

We were also delighted to hold an event at an East London Mosque, in partnership with St John Ambulance.

Our ‘Baby and Child CPR’ campaign was a huge success. This saw the launch of a new RCUK book called ‘Aaron’s Heart,’ which features a fictional story detailing the correct baby and child CPR methods, and strategies to help prevent accidents, injuries, and trauma in children.

We continued 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.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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

RCUK continued to support and co-fund the Circuit (national defibrillator network) along with the BHF and St John 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.

Financial review

The financial review covers the annual period of the group to 31 March 2024. The total income for the group was £4,017,633 (2023: £3,847,139), which includes £3,742,072 (2023: £3,519,907) income from trading activities and £138,372 (2023: £253,451) income from charitable activities. Total income from investments during the year was £148,176 (2023: £69,584).

Total expenditure for the group for the year was £4,148,232 (2023: £3,980,512), which includes costs of raising funds of £3,072,189 (2023: £2,359,529) and expenditure on charitable activities of £1,076,043 (2023: £1,620,983). The net incoming resources for the year were £152,383 (2023: £413,353 outgoing) after a gain on investments of £282,982 (2023: £279,980 loss).

At the balance sheet date, the total funds for the group were £7,116,035 (2023: £6,963,652), which were made up of general unrestricted funds totalling £2,804,035 (2023: £2,212,526) and designated funds totalling £4,312,000 (2023: £4,751,126).

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 (2023: £4,000,000) has been designated for a future property purchase.

The group is pausing its funding for Research and Development in 2024-25 (2023: £280,000) as it considers a new approach to Research funding. However a new budget for Community grant applications has been set at £25,000.

The group anticipates costs of £131,000 (2023: £130,000) during 2024-25 with regards to the upgrades / improvements required to the Learning Management System, CRM and website.

The group anticipates costs of £43,000 (2023: £140,200) towards e-Learning.

The group has allocated £113,000 (2023: £190,726) for other projects and costs, including health inequalities, charitable promotion and educational events.

The group has set aside £Nil (2023: £10,200) 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 60:40. 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 2024

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.

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.

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 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.

In 2024 we will continue to build on the success of our Restart a Heart campaign harnessing the strength our new Community Grant Scheme, which allows community groups to apply for grants of up to £1,500 to help educate people about CPR and defibrillator awareness. We also have plans to strengthen our partnership and policy and public affairs work, harnessing the momentum of a new government. Plus, we are scoping a potential partnership campaign around our ReSPECT work.

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.

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.

RESUSCITATION COUNCIL (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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: Professor A Lockey Mr N Appleton Professor C Deakin Professor I Maconochie Ms V McKinlay (Resigned 5 October 2023) Professor G Perkins Ms B West Mr M Webster (Appointed 27 June 2024)

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 Governance and Assurance.

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. They are also provided with an induction and training.

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 Governance and Assurance. 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 Governance and Assurance 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 2024

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

28 October 2024

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 ‘parent charity’) and its subsidiary (the 'group') for the year ended 31 March 2024 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 and regulations. This helps us to plan appropriate risk assessments.

  2. During the audit we focus 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 assess 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. a. Making enquiries of management as to whether they consider fraud or other irregularity may have taken place, or where such opportunity might exist;

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

  7. c. 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.

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.

RESUSCITATION COUNCIL (UK)

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

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

1 November 2024

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 2024

Unrestricted Unrestricted
funds
funds
general
designated
2024
2024
Notes
£
£
Income from:
Donations and gifts
3
7,013
-
Charitable activities
4
138,372
-
Course guidelines and
registrations and
lifesaver
5
3,724,072
-
Investments
7
148,176
-
Total income
4,017,633
-
Expenditure on:
Raising funds
9
3,072,189
-
Charitable activities
12
394,843
681,200
Total resources
expended
3,467,032
681,200
Net gains/(losses) on
investments
16
282,982
-
Net
incoming/(outgoing)
resources before
transfers
833,583
(681,200)
Gross transfers between
funds
(242,074)
242,074
Net movement in funds
591,509
(439,126)
Fund balances at 1
April 2023
2,212,526
4,751,126
Fund balances at 31
March 2024
2,804,035
4,312,000		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2024
2023
2023
£
£
£
7,013
4,197
-
138,372
253,451
-
3,724,072
3,519,907
-
148,176
69,584
-
4,017,633
3,847,139
-
3,072,189
2,359,529
-
1,076,043
1,068,122
552,861
4,148,232
3,427,651
552,861
282,982
(279,980)
-
152,383
139,508
(552,861)
-
(419,661)
419,661
152,383
(280,153)
(133,200)
6,963,652
2,492,679
4,884,326
7,116,035
2,212,526
4,751,126		 Total
2023
£
4,197
253,451
3,519,907
69,584
3,847,139
2,359,529
1,620,983
3,980,512
(279,980)
(413,353)
-
(413,353)
7,377,005
6,963,652

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

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 2024

Unrestricted Unrestricted
funds
funds
general
designated
2024
2024
Notes
£
£
Income from:
Donations and gifts
3
7,013
-
Charitable activities
4
138,372
-
Course guidelines and
registrations
6
3,599,521
-
Investments
7
148,176
-
Other income
8
36,963
-
Total income
3,930,045
-
Expenditure on:
Raising funds
10
2,915,911
-
Charitable activities
13
494,843
681,200
Total resources
expended
3,410,754
681,200
Net gains/(losses) on
investments
16
282,982
-
Net
incoming/(outgoing)
resources before
transfers
802,273
(681,200)
Gross transfers between
funds
(242,074)
242,074
Net movement in funds
560,199
(439,126)
Fund balances at 1
April 2023
2,309,125
4,751,126
Fund balances at 31
March 2024
2,869,324
4,312,000		 Total
Unrestricted
Unrestricted
funds
funds
general
designated
2024
2023
2023
£
£
£
7,013
4,197
-
138,372
253,451
-
3,599,521
3,467,263
-
148,176
69,584
-
36,963
47,760
-
3,930,045
3,842,255
-
2,915,911
2,189,675
-
1,176,043
1,168,122
552,861
4,091,954
3,357,797
552,861
282,982
(279,980)
-
121,073
204,478
(552,861)
-
(419,661)
419,661
121,073
(215,183)
(133,200)
7,060,251
2,524,308
4,884,326
7,181,324
2,309,125
4,751,126		 Total
2023
£
4,197
253,451
3,467,263
69,584
47,760
3,842,255
2,189,675
1,720,983
3,910,658
(279,980)
(348,383)
-
(348,383)
7,408,634
7,060,251

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

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 2024

Notes
Fixed assets
Intangible assets
23 & 24
Tangible assets
25 & 26
Investments
28 & 29
Current assets
Stocks
31
Debtors
32 & 33
Investments
Cash at bank and in hand
Creditors: amounts falling due within
one year
34 & 35
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
Designated funds
38
General unrestricted funds
39 & 40		 Group
2024
£
520,772
76,219
3,592,606
4,189,597
102,419
673,726
2,279,230
580,223
3,635,598
(709,160)
2,926,438
7,116,035
4,312,000
2,804,035
7,116,035		 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		 Charity
2024
£
278,868
74,513
3,867,609
4,220,990
102,419
779,424
2,279,230
494,378
3,655,451
(695,117)
2,960,334
7,181,324
4,312,000
2,869,324
7,181,324		 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
6,995,281

The financial statements were approved by the Trustees on 28 October 2024

Professor A Lockey Trustee

RESUSCITATION COUNCIL (UK)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

2024
Notes
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
42
(208,904)
Investing activities
Purchase of intangible assets
(113,987)
Purchase of tangible fixed assets
(11,621)
Purchase of investments
(1,883,878)
Proceeds on disposal of investments
1,777,637
Decrease / (increase) in current asset
investments
289,063
Investment income received
148,176
Net cash generated from/(used in)
investing activities
205,390
Net cash used in financing activities
-
Net decrease in cash and cash equivalents
(3,514)
Cash and cash equivalents at beginning of year
583,737
Cash and cash equivalents at end of year
580,223		 2023
£
£
85,174
(244,299)
(34,289)
(274,457)
299,755
(74,231)
69,584
(257,937)
-
(172,763)
756,500
583,737

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 charity has taken advantage of the following exemptions in FRS102:

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

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.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Subscription income is recognised on a receivable basis.

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

Turnover for the e-lifesaver licence is recognised on the date the customers are granted access to the courses as the costs to provide the courses have already been incurred and no further costs will be incurred when the customer views the content. In addition, control is passed to the customer at the date they are provided access to the courses.

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 Straight line Software and website 25% Reducing balance E-Learning platform 5 years

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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 Straight line Fixtures, fittings and equipment 25% Reducing balance

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 under a first-in-first-out (FIFO) basis. 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.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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.

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.

3 Donations and legacies - Charity and consolidated

Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Donations and gifts 7,013 4,197

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities - Charity and consolidated

Subscriptions Royalties Conferences **Total ** Subscriptions Royalties Conferences Total
2024 2024 2024 2024 2023 2023 2023 2023
£ £ £ £ £ £ £ £
Sales within charitable activities 22,110 70,044 46,218 138,372 19,269 69,835 164,347 253,451

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Course guidelines and registrations and lifesaver - Consolidated

Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Trading activity income 3,724,072 3,519,907
6 Course guidelines and registrations - Charity
Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Trading activity income 3,599,521 3,467,263
7 Investments - Charity and consolidated
Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Income from listed investments 24,858 23,530
Interest receivable 123,318 46,054
148,176 69,584
8 Other income - Charity
Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Management charge to Resuscitation Council (U.K.) Trading Limited 36,963 47,760

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Raising funds - Consolidated

10
11		 Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Trading costs
Trading activity costs – guidelines and lifesaver
616,488
565,377
Staff costs
235,268
271,423
Support costs
2,199,574
1,502,307
Trading costs
3,051,330
2,339,107
Investment management
20,859
20,422
3,072,189
2,359,529
Raising funds - Charity
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Trading costs
Trading activity costs - guidelines
558,512
492,563
Staff costs
235,268
271,423
Support costs
2,101,272
1,405,267
Trading costs
2,895,052
2,169,253
Investment management
20,859
20,422
2,915,911
2,189,675
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
14,500
19,625
Depreciation of owned tangible fixed assets
24,058
34,340
Loss on disposal of tangible fixed assets
8,614
-
Amortisation of intangible assets
172,325
155,815		 Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Trading costs
Trading activity costs – guidelines and lifesaver
616,488
565,377
Staff costs
235,268
271,423
Support costs
2,199,574
1,502,307
Trading costs
3,051,330
2,339,107
Investment management
20,859
20,422
3,072,189
2,359,529
Raising funds - Charity
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Trading costs
Trading activity costs - guidelines
558,512
492,563
Staff costs
235,268
271,423
Support costs
2,101,272
1,405,267
Trading costs
2,895,052
2,169,253
Investment management
20,859
20,422
2,915,911
2,189,675
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
14,500
19,625
Depreciation of owned tangible fixed assets
24,058
34,340
Loss on disposal of tangible fixed assets
8,614
-
Amortisation of intangible assets
172,325
155,815
2,169,253
20,422
2,189,675
2023
£
19,625
34,340
-
155,815

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12 Charitable activities - Consolidated

Direct costs
Grant funding of activities (see note 19)
Share of support costs (see note 14)
Share of governance costs (see note 14)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated		 Research
Education
Innovation
2024
2024
2024
£
£
£
-
166,926
533
54,897
-
-
137,244
417,310
251,337
8,140
24,749
14,907
200,281
608,985
266,777
-
130,011
264,832
200,281
478,974
1,945
200,281
608,985
266,777		 Total
2024
£
167,459
54,897
805,891
47,796
1,076,043
394,843
681,200
1,076,043		 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		 Total
2023
£
498,045
8,000
1,075,567
39,371
1,620,983
1,068,122
552,861
1,620,983

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13 Charitable activities - Charity

Direct costs
Grant funding of activities (see note 19)
Share of support costs (see note 15)
Share of governance costs (see note 15)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated		 Research
Education
Innovation
2024
2024
2024
£
£
£
-
166,926
100,533
54,897
-
-
137,244
417,310
251,337
8,140
24,749
14,907
200,281
608,985
366,777
-
130,011
364,832
200,281
478,974
1,945
200,281
608,985
366,777		 Total
2024
£
267,459
54,897
805,891
47,796
1,176,043
494,843
681,200
1,176,043		 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		 Total
2023
£
598,045
8,000
1,075,567
39,371
1,720,983
1,168,122
552,861
1,720,983

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 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		 Support
costs
Governance
costs
£
£
1,958,042
-
204,997
-
47,221
-
28,510
-
153,105
8,058
5,402
-
207,890
-
145,419
1,425
(634)
-
7,061
-
122,416
-
-
14,500
-
26,367
-
123,482
2,879,429
173,832
2,073,538
126,036
805,891
47,796
2,879,429
173,832		 2024Support costs Governance
costs
£
£
£
1,958,042
1,549,393
-
204,997
190,155
-
47,221
35,944
-
28,510
27,186
-
161,163
164,580
8,662
5,402
3,002
-
207,890
231,315
-
146,844
78,920
4,780
(634)
8,372
-
7,061
16,642
-
122,416
212,017
-
14,500
-
19,625
26,367
-
23,835
123,482
-
42,817
3,053,261
2,517,526
99,719
2,199,574
1,441,959
60,348
853,687
1,075,567
39,371
3,053,261
2,517,526
99,719		 2023
Basis of allocation
£
1,549,393
Direct costs
190,155
Direct costs
35,944
Direct costs
27,186
Direct costs
173,242
Time usage
3,002
Direct costs
231,315
Direct costs
83,700
Direct costs
8,372
Direct costs
16,642
Direct costs
212,017
Direct costs
19,625
Governance
23,835
Governance
42,817
Governance
2,617,245
1,502,307
1,114,938
2,617,245

Governance costs include payments to the auditors of £14,500 (2023- £19,625) for audit fees.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 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		 Support
costs
Governance
costs
£
£
1,958,042
-
117,023
-
47,221
-
28,078
-
153,105
8,058
5,402
-
206,973
-
145,419
1,425
(1,000)
-
7,061
-
122,193
-
-
8,500
-
24,012
-
123,447
2,789,517
165,442
1,983,626
117,646
805,891
47,796
2,789,517
165,442		 2024Support costs Governance
costs
£
£
£
1,958,042
1,549,393
-
117,023
123,482
-
47,221
35,944
-
28,078
27,186
-
161,163
164,580
8,662
5,402
3,002
-
206,973
211,911
-
146,844
78,920
4,780
(1,000)
8,372
-
7,061
16,642
-
122,193
211,774
-
8,500
-
12,875
24,012
-
19,900
123,447
-
42,782
2,954,959
2,431,206
88,999
2,101,272
1,355,639
49,628
853,687
1,075,567
39,371
2,954,959
2,431,206
88,999		 2023
Basis of allocation
£
1,549,393
Direct costs
123,482
Direct costs
35,944
Direct costs
27,186
Direct costs
173,242
Time usage
3,002
Direct costs
211,911
Direct costs
83,700
Direct costs
8,372
Direct costs
16,642
Direct costs
211,774
Direct costs
12,875
Governance
19,900
Governance
42,782
Governance
2,520,205
1,405,267
1,114,938
2,520,205

Governance costs include payments to the auditors of £8,500 (2023- £12,875) for audit fees.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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

Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Revaluation of investments 269,792 (199,196)
Gain/(loss) on sale of investments 13,190 (80,784)
282,982 (279,980)

17 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

18 Trustees

During the period 3 trustees (2023: 5) were reimbursed £19,415 (2023: £7,601) in respect of travelling and other expenses.

No other trustees received any remuneration during the period.

19 Grants payable - Charity and consolidated

Research Research
2024 2023
£ £
Grants to institutions:
University of Warwick 9,735 -
Newcastle Upon Tyne Hospitals NHS Trust - 8,000
King's College London 39,500 -
Royal United Bath 5,662 -
54,897 8,000

At the balance sheet date outstanding grants payable total £39,500 (2023: £Nil). These are included in other creditors due within one year.

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

20 Grants payable - Charity

Grants to institutions:
University of Warwick
Newcastle Upon Tyne Hospitals NHS Trust
King's College London
Royal United Bath		 Research
2024
£
9,735
-
39,500
5,662
54,897		 Research
2023
£
-
8,000
-
-
8,000

At the balance sheet date outstanding grants payable total £39,500 (2023: £Nil). These are included in other creditors due within one year.

21 Employees - Charity and consolidated

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
40
2024
£
1,801,344
208,642
183,324
2,193,310		 2023
Number
32
2023
£
1,488,235
174,227
158,354
1,820,816
The number of employees whose annual remuneration was £60,000 or more
were:
2024 2023
Number Number
£60,000 - £69,999 1 3
£70,000 - £79,999 3 2
£100,000 - £109,999 1 1

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
23
Intangible fixed assets - Consolidated
Patents &
licences
Software and
website
£
£
Cost
At 1 April 2023
29,344
707,196
Additions - separately acquired
-
43,970
At 31 March 2024
29,344
751,166
Amortisation and impairment
At 1 April 2023
9,770
406,952
Amortisation charged for the year
5,870
79,050
At 31 March 2024
15,640
486,002
Carrying amount
At 31 March 2024
13,704
265,164
At 31 March 2023
19,574
300,244		 2024
£
368,542
2024
£
368,542
358,168
(358,168)
368,542
368,542
E-Learning
platform
£
397,341
70,017
467,358
138,050
87,405
225,455
241,903
259,291		 2023
£
358,168
2023
£
358,168
311,227
(311,227)
358,168
358,168
Total
£
1,133,881
113,987
1,247,868
554,772
172,325
727,097
520,771
579,109

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24
Intangible fixed assets - Charity
Patents &
licences
Software and
website
£
£
Cost
At 1 April 2023
29,344
707,196
Additions - separately acquired
-
43,970
At 31 March 2024
29,344
751,166
Amortisation and impairment
At 1 April 2023
9,770
406,952
Amortisation charged for the year
5,870
79,050
At 31 March 2024
15,640
486,002
Carrying amount
At 31 March 2024
13,704
265,164
At 31 March 2023
19,574
300,244
25
Tangible fixed assets - Consolidated
Leasehold
improvements
Fixtures,
fittings and
equipment
£
£
Cost
At 1 April 2023
45,022
192,945
Additions
-
11,621
Disposals
(45,022)
(25,779)
At 31 March 2024
-
178,787
Depreciation and impairment
At 1 April 2023
42,019
98,677
Depreciation charged in the year
-
24,058
Eliminated in respect of disposals
(42,019)
(20,168)
At 31 March 2024
-
102,567
Carrying amount
At 31 March 2024
-
76,220
At 31 March 2023
3,003
94,268		 Total
£
736,540
43,970
780,510
416,722
84,920
501,642
278,868
319,818
Total
£
237,967
11,621
(70,801)
178,787
140,696
24,058
(62,187)
102,567
76,220
97,271

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

26
Tangible fixed assets - Charity
Leasehold
improvements
£
Cost
At 1 April 2023
45,022
Additions
-
Disposals
(45,022)
At 31 March 2024
-
Depreciation and impairment
At 1 April 2023
42,019
Depreciation charged in the year
-
Eliminated in respect of disposals
(42,019)
At 31 March 2024
-
Carrying amount
At 31 March 2024
-
At 31 March 2023
3,003
27
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 Fixtures,
fittings and
equipment
£
190,621
11,621
(25,779)
176,463
98,629
23,489
(20,168)
101,950
74,513
91,992
2024
£
183,324		 Total
£
235,643
11,621
(70,801)
176,463
140,648
23,489
(62,187)
101,950
74,513
94,995
2023
£
158,354

The group operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

28 Fixed asset investments - Consolidated

Listed
investments
£
Cost or valuation
At 1 April 2023 3,203,383
Additions 1,883,878
Valuation changes 269,792
Disposals (1,764,447)
At 31 March 2024 3,592,606
Carrying amount
At 31 March 2024 3,592,606
At 31 March 2023 3,203,383

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

28 Fixed asset investments - Consolidated

(Continued)

Fixed asset investments revalued

Listed investments are recognised at their fair value of £3,592,606 (2023: £3,203,383). The valuation was undertaken by Brown Shipley as at 31 March 2024. The fair value for the listed investments is equivalent to the market value. The historical cost value of the investments is £3,961,739 (2023: £3,402,579).

29 Fixed asset investments - Charity

Listed Other Total
investments investments
£ £
Cost or valuation
At 1 April 2023 3,203,383 275,003 3,478,386
Additions 1,883,878 - 1,883,878
Valuation changes 269,792 - 269,792
Disposals (1,764,447) - (1,764,447)
At 31 March 2024 3,592,606 275,003 3,867,609
Carrying amount
At 31 March 2024 3,592,606 275,003 3,867,609
At 31 March 2023 3,203,383 275,003 3,478,386
2024 2023
Other investments comprise: Notes £ £
Investments in subsidiaries 30 275,003 275,003

Fixed asset investments revalued

Listed investments are recognised at their fair value of £3,592,606 (2023: £3,203,383). The valuation was undertaken by Brown Shipley as at 31 March 2024. The fair value for the listed investments is equivalent to the market value. The historical cost value of the investments is £3,961,739 (2023: £3,402,579).

30 Subsidiaries

Details of the group's subsidiaries at 31 March 2024 are as follows:

Name of undertaking Registered Nature of business Class of % 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

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

31
Stocks - Charity and consolidated
Finished goods and goods for resale
32
Debtors - Consolidated
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
33
Debtors - Charity
Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
34
Creditors: amounts falling due within one year - Consolidated
Notes
Other taxation and social security
Deferred income
22
Trade creditors
Other creditors
Accruals		 2024
£
102,419
2024
£
391,754
54,301
227,671
673,726
2024
£
385,246
111,234
55,500
227,446
779,426
2024
£
74,784
368,542
120,231
19,210
126,393
709,160		 2023
£
55,657
2023
£
296,719
64,879
217,072
578,670
2023
£
295,595
185,441
60,243
211,360
752,639
2023
£
62,162
358,168
113,014
15,456
153,668
702,468

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

35
Creditors: amounts falling due within one year - Charity
Notes
Other taxation and social security
Deferred income
22
Trade creditors
Other creditors
Accruals
36
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
37
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		 2024
£
74,784
368,542
114,088
19,210
118,493
695,117
2024
£
446,055
3,592,606
340,618
2024
£
446,055
3,592,606
326,575		 2023
£
62,162
358,168
113,014
15,456
146,168
694,968
2023
£
361,598
3,203,383
344,300
2023
£
355,837
3,203,383
336,800

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

38 Designated funds - Charity and consolidated

The income funds of the group include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 April 2022
£
Property Purchase
4,000,000
Research and development
206,000
Technology and communications
148,000
E-learning
139,200
Community grant applications
-
Clinical service development
90,000
Other projects
301,126
4,884,326		 Resources
expended
£
-
(22,617)
-
(34,800)
-
(2,021)
(493,423)
(552,861)		 Transfers
Balance at
1 April 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
£
-
(200,281)
-
(52,089)
-
-
(428,828)
(681,198)		 Transfers
31
£
-
(79,719)
1,000
(45,111)
25,000
(10,200)
351,102
242,072		 Balance at
March 2024
£
4,000,000
-
131,000
43,000
25,000
-
113,000
4,312,000

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

39
Analysis of net assets between funds - Consolidated
Unrestricted
funds
Designated
funds
2024
2024
£
£
Fund balances at 31 March 2024 are represented by:
Intangible fixed assets
520,772
-
Tangible assets
76,219
-
Investments
-
3,592,606
Current assets/(liabilities)
2,207,044
719,394
2,804,035
4,312,000
40
Analysis of net assets between funds - Charity
Unrestricted
funds
Designated
funds
2024
2024
£
£
Fund balances at 31 March 2024 are represented by:
Intangible fixed assets
278,868
-
Tangible assets
74,513
-
Investments
-
3,867,609
Current assets/(liabilities)
2,515,943
444,391
2,869,324
4,312,000		 Total
Unrestricted
funds
Designated
funds
2024
2023
2023
£
£
£
520,772
579,109
-
76,219
97,271
-
3,592,606
-
3,203,383
2,926,438
1,536,146
1,547,743
7,116,035
2,212,526
4,751,126
Total
Unrestricted
funds
Designated
funds
2024
2023
2023
£
£
£
278,868
319,818
-
74,513
92,719
-
3,867,609
-
3,478,386
2,960,334
1,894,312
1,272,740
7,181,324
2,306,849
4,751,126		 Total
2023
£
579,109
97,271
3,203,383
3,083,889
6,963,652
Total
2023
£
319,818
94,995
3,478,386
3,167,052
7,060,251

41 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		 2024
£
161,064
26,844
187,908		 2023
£
178,493
187,908
366,401

Operating lease payments recognised as an expense in the year were £167,425 (2023: £132,820 ).

RESUSCITATION COUNCIL (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

42 Cash generated from operations - Consolidated 2024 2023
£ £
Surplus/(deficit) for the year 152,383 (413,353)
Adjustments for:
Investment income recognised in statement of financial activities (148,176) (69,584)
Loss on disposal of tangible fixed assets 8,614 -
(Gain)/loss on disposal of investments (13,190) 80,784
Fair value gains and losses on investments (269,792) 199,196
Amortisation and impairment of intangible assets 172,325 155,815
Depreciation and impairment of tangible fixed assets 24,058 34,340
Movements in working capital:
(Increase)/decrease in stocks (46,762) 15,057
(Increase)/decrease in debtors (95,056) 10,382
(Decrease) in creditors (3,682) (285,631)
Increase in deferred income 10,374 358,168
Cash (absorbed by)/generated from operations (208,904) 85,174
43 Analysis of changes in net funds - Consolidated
The group had no material debt during the year.