OpenCharities

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2024-04-30-accounts

Charity Registration No. 1180689

Company Registration No. 11067952 (England and Wales)

PATIENT SAFETY LEARNING

REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

PATIENT SAFETY LEARNING

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Professor M Baker
Dr D Cohen
Dr J Davidson
Mr J Hazan
Mrs J Ingram
Dr S Jones
Charity number 1180689
Company number 11067952
Registered office China Works
Unit 203
100 Black Prince Road
London
England
SE1 7SJ
Independent examiner RSM UK Tax and Accounting Limited
Chartered Accountants
25 Farringdon Street
London
United Kingdom
EC4A 4AB
Bankers Barclays Bank plc
Barclays House
8 Alexandra Road
Wimbledon
London
SW19 7JZ
Chief executive Helen Hughes

PATIENT SAFETY LEARNING

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2024

The trustees present their report and financial statements for the year ended 30 April 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 charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

The charity's objects are to promote, preserve and protect the good health of the public through improvements in the safety of patient care throughout the world in particular but not exclusively by providing information and advice, carrying out research and raising awareness with service providers, policy makers and patients on learning from unsafe care and how to prevent error and harm in healthcare for improved patient safety.

During the financial year from 1 May 2023 to 30 April 2024, the charity’s activity and its resources have been focused on the following areas:

  1. Sharing knowledge for learning and action to improve patient safety

We have continued to develop and expand the hub, our award-winning platform to share learning for patient safety. Designed by and for patient safety professionals, clinicians and patients, the hub offers a powerful combination of tools, resources, stories, ideas, case studies and good practice for anyone who wants to make care safer for patients.

We officially launched the hub on 2 October 2019. To illustrate how it has continued to grow and develop this year, at the end of April 2024, the hub has had:

At the end of April 2024 the hub had 5,983 members from 1,737 organisations across 93 countries (compared to 4,249 members from 1,392 organisations across 85 countries at the end of April 2023).

We gather and monitor the impact of the hub on a continual basis. We maintain key performance indicators relating to number of members, number of ‘Learn’ posts, number of original posts and number of network members. We also assess the impact of the hub by analysing a number of different perspectives and regularly surveying members for their views.

Patient groups and communities of interest use the hub to network and campaign with greater visibility and effectiveness. Health and social care professionals use the hub to source proven good practice and apply it to their own organisations. We are also seeing it being used as an informal source of research, collecting insights and perspectives from the ‘patient safety front line’ – staff, patients and families.

Since 2021, the hub has also been home to a growing number of networks for people involved in patient safety. These communities of interest are informed by subject matter experts, providing forums to share knowledge and good practice. They include patient safety specialists, patient safety partners and organisational leaders with patient safety expertise. They provide a rich and valuable insight from what we term the ‘patient safety frontline’. They highlight the ‘work as done’ reality of healthcare, the challenges in delivering safe and effective care, and examples of collaboration and good practice for wider sharing and implementation.

At the end of April 2024, the hub supported four networks:

PATIENT SAFETY LEARNING

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2024

2. Campaigns to improve patient safety

Patient Safety Learning seeks to harness the knowledge, insights, enthusiasm and commitment of health and social care organisations, professionals and patients for system-wide change and the reduction of avoidable harm. As part of this we specifically listen to and promote the voices and insights of those on the frontline (staff and patients/families) and applying these and evidenced-based research to highlight patient safety challenges, so that gaps can be identified and addresses.

Throughout the year we have highlighted emerging patient safety issues in a range of areas, including but not limited to: surgical mesh implants, the Lucy Letby verdict, electronic patient record systems, infiltration and extravasation. We have also published two policy reports in this period:

In 2023/24 we undertook a range of activities to mark the fifth annual World Patient Safety Day, which took place on the 17 September 2023. The aim of this event is to increase public awareness and understanding of patient safety and encourage actions by governments, organisations and individuals to reduce avoidable patient harm and this year it was focused on the theme ‘Engaging patients for patient safety’. To highlight the importance of this we shared a range of different blogs, resources and interviews in the run up to the event centred around four different aspects of patient engagement:

We also co-hosted a webinar with the Patient Safety Commissioner for England, Dr Henrietta Hughes, on Friday 15 September 2023, as part of our World Patent Safety Day activities. This webinar provided an opportunity for those involved in patient safety to hear from patient safety leaders and discuss the opportunities and barriers to increased patient engagement.

In 2023/24 we have also continued our partnership with the Safer Healthcare and Biosafety Network as part of a joint campaign called 'Safety for All', highlighting how poor staff safety standards and practice impact adversely on patient safety and vice versa. As part of this work we held the second Safety for All Conference at the Royal College of Physicians in London on Tuesday 5 December 2023.

PATIENT SAFETY LEARNING

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 APRIL 2024

3. Reducing avoidable harm through our influence

We have been undertaking activity to encourage systemic change by influencing leaders in health and social care and the development and implementation of patient safety programmes by highlighting patient safety challenges and providing an independent voice for patient safety.

This has involved regularly participating in UK Government, NHS and regulator consultations and inquiries on issues where there is a clear patient safety focus. This has included responding to consultations and inquiries in 2023/24 by the Health and Social Care Select Committee, Justice Select Committee and Health Services Safety Investigations Body. We also responded to a consultation in the United States of America, held by the Centres for Medicare and Medicaid Services, which was seeking views on a proposed attestation-based measure that assesses whether hospitals demonstrate they have a structure and culture that prioritises patient safety

We have continued this year to highlight with stakeholders key patient safety issues and considerations relating to prominent policy developments, both in the UK and internationally. During 2023/2024 we participated in the following global patient safety events:

4. Reducing avoidable harm through the adoption of Patient Safety Learning products

Since Patient Safety Learning was founded in 2018, we have been engaging with organisations looking to improve patient safety. A consistent theme has been the need for Trusts, Integrated Care Boards, Independent Care Providers and individual hospitals to have access to expert advice to help them become true learning entities within a reliable Safety Management System.

In 2023/2024 we have continued to support organisations in this area through our patient safety standards framework. Our patient safety standards are a world first – a set of unique standards with detailed evidencebased outputs, outcomes, behaviours and actions necessary for successful delivery. They have been developed from 20 years of research with inputs from NHS England’s Patient Safety Strategy, as well as learning from inquiries, policy and good practice within UK and international healthcare, including the World Health Organisation Global Patient Safety Action Plan.

Our patient safety standards are centred around seven key foundations for patient safety:

In 2023/24 we have continued to work with Great Ormond Street Hospital to implement these Standards as part of their organisational safety improvement strategy and other NHS trusts to use the ‘What Good Looks Like’ standards framework to assess their performance and develop organisation patient safety improvement strategies.

The trustees have due regard to public benefit guidance issued by the Charity Commission in deciding what activities the charity should undertake.

PATIENT SAFETY LEARNING

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 APRIL 2024

Financial review

During the year, the charity received a donation from a trustee of £400,000 (2023: £343,576 ). The charity incurred costs of £637,171 (2023: £588,955) for the year, resulting in a deficit of £65,387 (2023: £102,404). This expenditure has mainly consisted of staff costs and consulting costs of £251,631 (2023: £206,629) and £6,132 (2023: £20,181) respectively. The employees and consultants have helped set out the strategic plan of the charity and development of ‘The Hub’.

Going concern

The financial statements have been prepared on a going concern basis. Trustees review the organisation’s risks as a standing agenda item on a regular basis, with additional reports when required between formal updates to the Board. We have a Risk Register and Risk Management Plan for this purpose which covers financial risks, strategic risks, organisational and management risks and delivery risks faced by the charity.

A trustee has formally indicated his intention to continue to provide financial support to the charity to meet its obligations as they fall due for the foreseeable future, and for a period of at least 12 months from the date of approval of these financial statements.

Reserves policy

The charity's total reserves at 30 April 2024 were £118,502 (2023: £183,889), with £nil held as restricted funds (2023: £Nil). Free reserves at the balance sheet date, excluding funds tied up in fixed assets were £79,151 (2023: £73,165).

Now that the charity has begun operating, its policy for unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six 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 charity’s current activities while consideration is given to ways in which additional funds may be raised.

Fundraising

The trustees confirm that the charity’s fundraising activity is compliant with the recognised standards of fundraising as set out in the Code of Fundraising Practice, as well as those required under Charity Law. The charity does not employ the services of any third-party professional fundraising organisations. We registered with the Fundraising Regulator in November 2023.

Principal risk and uncertainties

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

Plans for future developments

In future years, the trustees will look to fulfil the charity’s objectives to help transform safety in health and social care, creating a world where patients are free from avoidable harm. In seeking to do so, the key themes Patient Safety Learning’s work will be as follows:

This will involve continuing to develop and grow the hub as a global repository for patient safety learning and improvement. This will also involve the development products to improve patient safety outcomes, such as patient safety standards and accreditation, and building credibility as an independent and authoritative voice for patient safety.

PATIENT SAFETY LEARNING

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 APRIL 2024

Structure, governance and management

The charity is a company limited by guarantee, as defined by the Companies Act 2006. The Charitable Company is controlled by its governing document, its memorandum and Articles of Association, which were amended on 13 November 2018.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Professor M Baker Dr D Cohen Dr J Davidson Mr J Hazan Mrs J Ingram Dr S Jones Sir S Moss (Resigned 22 February 2024)

The members may appoint a person who is willing to act as a trustee for such term as they shall see fit, either to fill a vacancy or as an additional trustee. Induction for trustees is arranged and co-ordinated on an individual basis.

A retiring trustee may be reappointed. There shall be no limit to the number of times a trustee may be reappointed.

The charity considers the trustees, the chief executive, director of business development and treasurer as their key management personnel. Salaries for staff are set by the trustees, taking into account individual performance, proportionality with salaries across the organisation, market data and the charity's ability to pay.

The trustees have control of the charity and its property and funds. They may regulate their proceedings as they think fit.

None of the trustees have any beneficial interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the event of a winding up.

Related parties

The charity was connected to The Hazan Macallister Charitable Trust through Mr Hazan's trusteeship. This Trust closed in June 2022. Details on transactions with this Trust can be found in note 14.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

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

.............................. Mr J Hazan Trustee 29/01/25 Dated: .........................

PATIENT SAFETY LEARNING

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PATIENT SAFETY LEARNING

I report on the financial statements of the charity for the year ended 30 April 2024, which are set out on pages 7 to 17.

Respective responsibilities of trustees and examiner

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Nicholas Sladden, FCA DChA BFP The Institute of Chartered Accountants in England and Wales

On behalf of RSM UK Tax and Accounting Limited Chartered Accountants 25 Farringdon Street London EC4A 4AB United Kingdom 29/01/25 Dated: .........................

PATIENT SAFETY LEARNING

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024

Notes
Income from:
Donations
2
Charitable activities
3
Total income
Expenditure on:
Charitable activities
4
Net expenditure
Total funds brought forward
Total funds carried forward		 Unrestricted funds
2024
2023
£
£
459,087
395,701
112,697
90,850
571,784
486,551
637,171
588,955
(65,387)
(102,404)
183,889
286,293
118,502
183,889

Company Registration No. 11067952

PATIENT SAFETY LEARNING

BALANCE SHEET

AS AT 30 APRIL 2024

Notes
Fixed assets
Intangible assets
8
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Funds
Unrestricted funds		 2024
£
85,820
49,470
135,290
(56,139)		 £
37,198
2,152
1
39,351
79,151
118,502
118,502
118,502		 2023
£
64,370
65,853
130,223
(57,058)		 £
107,191
3,532
1
110,724
73,165
183,889
183,889
183,889

For the year ended 30 April 2024, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 (the Act) relating to small companies.

The trustees’ and directors’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

29/01/25

The financial statements were approved by the Trustees on .........................

..............................

Mr J Hazan Trustee

PATIENT SAFETY LEARNING

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024

Notes
Cash flows from operating activities
Cash used in operations
13
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
-		 £
(16,383)
-
(16,383)
65,853
49,470		 2023
£
(1,875)		 £
(74,567)
(1,875)
(76,442)
142,295
65,853

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

1 Accounting policies

Charity information

Patient Safety Learning is a private company limited by guarantee incorporated in England and Wales. The registered office is China Works, Unit 203, 100 Black Prince Road, London, SE1 7SJ, England.

Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. Trustees review the organisation’s risks as a standing agenda item on a regular basis, with additional reports when required between formal updates to the Board. The trustees have a Risk Register and Risk Management Plan for this purpose which covers financial risks, strategic risks, organisational and management risks and delivery risks faced by the charity.

A trustee has formally indicated his intention to continue to provide financial support to the charity to meet its obligations as they fall due for the foreseeable future, and for a period of at least 12 months from the date of approval of these financial statements.

Consolidation

The Trust is exempt from the requirements to prepare group accounts by virtue of section 402 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group. Charities SORP allows a subsidiary to be excluded from consolidation if its results are not material to the group. In the opinion of the Trustees the turnover and net assets of Patient Safety Learning Trading Limited are not material in the context of these accounts and therefore consolidated accounts have not been prepared. Details of this subsidiary are given in note 10.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Income

Income is recognised when the charity 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 charity has been notified of the donation, unless performance conditions require deferral of the amount.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

1 Accounting policies (Continued)

Income from charitable activities is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

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.

The software represents the development costs of the hub. Amortisation has been charged on a 5 years straight line basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. In the year of acquisition a full year's charge is incurred.

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:

Fixtures, fittings and equipment 15% straight line Computers 33% straight line

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

Impairment of fixed assets

At each reporting end date, the charity 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).

Cash and cash equivalents

Cash and cash equivalents include cash in hand.

Financial instruments

The charity has applied the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity 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.

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 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.

Basic financial liabilities

Basic financial liabilities, including creditors 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 charity’s contractual obligations expire or are discharged or cancelled.

Retirement benefits

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

2 Donations and legacies

Donations and gifts
Grant income
Sponsorship		 Unrestricted
2024
2023
£
£
400,087
345,701
50,000
40,000
9,000
10,000
459,087
395,701		 Unrestricted
2024
2023
£
£
400,087
345,701
50,000
40,000
9,000
10,000
459,087
395,701
395,701

3 Charitable activities

Conference income
Other income		 2024
£
79,697
33,000
112,697		 2023
£
60,850
30,000
90,850

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

4 Charitable activities

Charitable activities
Learning and development:
Staff costs
Amortisation
Consulting costs
Hotel costs
Support costs (see note 5)
Governance costs (see note 5)		 Unrestricted
2024
2023
£
£
251,631
206,629
69,993
69,993
6,132
20,181
835
648
328,591
297,451
288,402
269,557
20,178
21,947
637,171
588,955
297,451
269,557
21,947
588,955

5 Support and governance costs

Staff costs
Depreciation
Bank fees
Bad debt expense
General costs
IT costs
Printing and postage
Recruitment and training
Rent, rates and insurance
Travel and subsistence
Marketing costs
Amounts paid to RSM UK Tax and Accounting Limited:
Accountancy fees
Independent examiner fees		 Support
costs
Governance
costs
£
£
29,420
11,652
1,380
-
104
-
1,000
-
16,784
-
169,288
-
77
-
1,450
-
21,543
-
5,692
-
41,664
-
-
6,276
-
2,250
288,402
20,178		 2024
£
41,072
1,380
104
1,000
16,784
169,288
77
1,450
21,543
5,692
41,664
6,276
2,250
308,580		 2023
£
20,280
1,319
104
-
11,939
167,862
9,707
2,200
25,992
856
39,148
9,897
2,200
291,504

All support and governance costs are attributable to charitable activities.

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

6 Employees

Number of employees

The average monthly number employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
6
2024
£
261,487
23,854
7,362
292,703		 2023
Number
6
2023
£
200,734
19,786
6,389
226,909

Remuneration of key management personnel

The charity considers the key management personnel to be the Board of Trustees, the chief executive, director of business development and treasurer. The total employment benefits (including employer's national insurance contributions and employer pension contributions) of key management personnel was £112,109 (2023: £108,929).

The number of employees whose annual remuneration was £60,000 or more were:

2024 2023
Number Number
£80,001 - £90,000 - 1
£100,001 - £110,000 1 -

7 Trustees

No trustees received remuneration during the period. No trustees (2023: none) received any reimbursements of expenditure during the year.

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2024

8 Intangible fixed assets

Intangible fixed assets
Website development
£
Cost
At 1 May 2023 and 30 April 2024 349,966
Amortisation and impairment
At 1 May 2023 242,775
Amortisation charged for the year 69,993
At 30 April 2024 312,768
Carrying amount
At 30 April 2024 37,198
At 30 April 2023 107,191
Tangible fixed assets
Fixtures, Computers Total
fittings and
equipment
£ £ £
Cost
At 1 May 2023 2,840 3,243 6,083
At 30 April 2024 2,840 3,243 6,083
Depreciation
At 1 May 2023 1,562 989 2,551
Depreciation charged in the year 426 954 1,380
At 30 April 2024 1,988 1,943 3,931
Carrying amount
At 30 April 2024 852 1,300 2,152
At 30 April 2023 1,278 2,254 3,532

9 Tangible fixed assets

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

10 Fixed asset investments

Other
investments
£
Cost or valuation
At 1 May 2023 & 30 April 2024 1
Carrying amount
At 30 April 2024 1
At 30 April 2023 1

The charity holds 1 share of £1 in its wholly owned trading subsidiary company Patient Safety Learning Trading Limited. The registered office of Patient Safety Learning Trading Limited is China Works Unit 203, 100 Black Prince Road, London, England, SE1 7SJ. The activities will comprise running the commercial operations of the charity once the charitable activity has started. The results are not consolidated per the accounting policies.

11 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
66,200
7,981
11,639
85,820		 2023
£
47,127
5,834
11,409
64,370

12 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals		 2024
£
27,875
4,687
1,180
22,397
56,139		 2023
£
29,901
6,100
1,122
19,935
57,058

PATIENT SAFETY LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

13
Cash generated from operations
Deficit for the year
Adjustments for:
Amortisation and impairment of intangible assets
Depreciation of tangible fixed assets
Movements in working capital:
Increase in debtors
Decrease in creditors
Cash generated from operations		 2024
2023
£
£
(65,387)
(102,404)
69,993
69,993
1,380
1,319
(21,450)
(40,183)
(919)
(3,292)
(16,383)
(74,567)

14 Related party transactions

Transactions with related parties

During the year the charity received an unrestricted donation of £nil (2023: £3,576) from The Hazan MacAllister Charitable Trust which is controlled by Mr J Hazan.

During the year the charity received an unrestricted donation of £400,000 (2023: £343,576) from Mr J Hazan, a trustee.