COMPANY REGISTRATION NUMBER: 01983718 CHARITY REGISTRATION NUMBER: 293754 The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Unaudited financial statements 30 November 2021
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Financial statements Year ended 30 November 2021 Page Trustees, annual report lincorporaling the directors, report) Independent examiner's report lo the Iruslees Stslemenl of financial activities (including income and expenditure accountl Balance sheet Notes lo the financial statements 10
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) Year ended 30 November 2021 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity for the year ended 30 November 2021. The financial slalemenls have been ppared in accordance with the accounting policies sel out in notes lo the accounts and comply wth the charity's govèrning document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Reference and administrative details Registered charity name The College of Clinical Perfusion Scientists of Great Britain and Ireland Charity registration number 293754 Company reglstratlon number 01983718 Prlnclpal offlce and reglstered Royal College of Surgeons of England offl¢e College of Clinical Perfusion Scientists Fifth Floor Lincoln's Inn Fields London WC2A 3PE The trustees The trustees who served during the year and al the date of approval were as follows.. R Downes (Chairl P Fricker (Secretary) A Ahmed J Bell Iresigned 3 August 20221 P Botha A Brennan D Chambers C Efthymiou G Majilhia-Beet A Meakin N O'Keeffe- (Resigned 3 August 20221 J O'Neill B Pales S Phillips- (Resigned 3 August 20221 J Tyrrell - IAppointea 5 November 20211
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (¢ortlinued) Year ended 30 November 2021 Independent examlner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountsnts Bankside 300 Peachman Way Broadland Business Park Norwch NR7 OLB Bankers Barclays Bank PLC Barclays Banking Leicester LE87 28B
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (¢ortlinued) Year ended 30 November 2021 Oblectlves and actlvltl&s Profgsslonal rggl$tratlon and rggulatlon of Cllnl¢al Perfuslon S¢lentl$ts In Groat Brltsln and Ireland The College is the professional governing body of Clinical Perfusion Scientists in Great Britsin and Ireland and holds the register of all Clinical Perfusion Scientists that are eligible lo practice within Great Britain and Ireland. The College works lo ensure that all registered Clinical Perfusion Scientists are fil lo practice. This is defined through an ability to uphold the standards and Codes of practice as defined by the Society of Clinical Perfusion S¢ientisls of Great Britain and Ireland ISCPSGBII and by working in a¢cordan¢e with the code of ethical condu¢l la joint document by the College and SCPSGBII. The College ensures that all individuals maintain competency by completing a minimum amount of clinical work whilst maintaining continuing professional development through education. The College will investigate and discipline individuals whose conduct falls short of the required standards. At this b'me the profession has not achieved statutory regulation and as a result, the College undertakes the regulation of Clinical Perfusion Scientists. This includes conducting disciplinary hearings and the striking off from the register of any Clinical Perfusion Scientist as required. The College musl ensure all praclicing Clinical Perfusion Scientists within the Great Britain and Ireland are competent lo practice and ensure that patient safely is paramount. The College will seek legal advice when essary and on occasions instruct a law firm lo act on the College's behalf. The continued lack of slatulory professional regulation of Clinical Perfusion Scientists brings with Il the challenges of obtaining access to required information, which other governing bodies would automatically access. In complex disciplinary cases, the College Council estsblishes a profession practice committee IPPCI to investigate, review evidence of alleged misconduct and detemiine what, if any, disciplinary action is deemed appropriate. The PPC will seek legal advice to ensure that il follows policy and law and responds accordingly lo individual's legal advisors. There are governance costs which may include the cost of obtsining Counsel's advice in specific points of law andlor procedure. Accreditation of Perfusion Departments to ensure stsndards in practice and training The College undertakes assessrnent of perfusion practice in cardiac centres with resultsnt 0reditatIOn if appropriate standards of practice and training are evident. The College highlights any areas of concerns raised as a result of a site assessment and details an action log of criteria to be brought up to standard before full accreditation is granted. Training and Education The College will liaise with and consult with the Society of Clinical Perfusion Scientist5 of Great Britain and Ireland, lo advan education In the knowledge and practice of perfusion and related studies for the benefit of the public. This includes liaising and consulting with other professional bodies and institutions deemed necessary In pursuing these objectives. D•rlvatlon of Funds The College's funds are derived from revenue generated from both NHS and private health sector for hospital sile accredilalion certification and from the annual re-regislralion fees from all Clinical Perfusion Scientists on the professional register. A small additional amount of income is also derived from examination fees and late payment fees.
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (¢ortlinued) Year ended 30 November 2021 Oblectlves and actlvltles (continued) Publlc Beneflt The Trustees have Considered the Charity Commission's requirement in SpeCt of Public Benefit," in their view the Charity meets, in full, the criteria to satisfy the lesl. Achievements and performance A total of 486 Clinical Perfusion S¢ientisls from the UK and Ireland with full regislralion, 41 trainee and 4 limited registration PerfLJsionists are registered with the College in November 2021. The College has continued the programme of assessing Clinical Perfusion Scientists and perfusion centres in order lo maintain the acpted professional standards required and to provide on-going clinical perfusion guidance. The College undertook no category one hospital site accreditation visits in person to to perfusion departments in the UK and Ireland between 1 December 2020 to 30 November 2021 due to covid restrictions. However, two accreditation visits were carried out in this period over a virtual platform. The perfusion community is kept informed of all the College's income and expenditure regularly at the Annual General meeting each year. Statement of Impa on the Charlty of Covld-19 During this reporting year covid-19 has again had some impact upon the financial slalus and running of the College duties for the second year in a row. There has been an impact on the College duties since March 2020. Financially the College still receives income from the re-regislralion of all clinical perfusionists. Additional income paid to the College for hospitsl accredilalion site visits Could not be undertaken due lo no hospital visits permitted during the pandemic. However, some visits were able lo proceed in an experimental manner over video conferencing in the second half of 2021 with category one visits partially undertaken by assessors, with a follow up visit lo the unit by one assessor only if needed. Due to the nature of these visits. it was thoLJght to be prudent to redLJce the fee from £2,500 to £2.000. This is lo acknowledge that assessor expense claims are reduced with travel and accommodation only necessary for one assessor. It is hoped in-person visits will be able to resume fully in 2022 as there is a backlog of visits lo be performed post Covid-19 which will put the planned visit timetable back possibly years. It is expected that until the visit cycle can fully return to normal the financial status of the College should be monitored carefully.
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Trustees, annual report (incorporating the directors. report) (¢ortlinued) Year ended 30 November 2021 Flnanclal revlew The college had total Income for the year of £50,171 12020". £50,813), and expenditure of £49,94912020'. £32,487) resulting In nel Income 22212020". nel income of £18,326). The College's financial position is gradually improving following a difficult few years with multiple and complex disciplinary hearings that the College has been required lo conduct in the preceding three years. The assistance of an interest free loan given lo the College by the Society of Clinical Perfusion Scientists of Great Britain and Ireland I'the So¢iety"I for £25.000 in total in 2016 to be paid back over five years beginning in 2018 gave the College the space lo regain a better financial footing. The College repaid the fourth instalmenl of £5,000 in July 2021 with the final payment due July 2022. The College would like to thank the Society for their continued support. The primary source of income for the College is the annual fee from each registrant. The registration fee for 2021 was £90. Income from registration for this period was £43,650. The second source of income is generally derived from perfusion department accreditation visits. Each category one unil assessment usually costs £2,500 per visit, £500 of which accounts for expenses of the attending assessors. Due lo only two visits taking place over a virtual platform this period, the hospitsls were charged £2,000 due lo reduction in expenses required. However, only one payment of £2000 was received In this financial period. The second payment was not received until 2022. A small amount of income is also generated with course validation fees. RgS0Th9s poII¢y As of 30 November 2021 the charity had unreslricled free reserves (represented by unrestricted current assets less unrestricted current liabilities) of £63,67912020'. £68,457) This reserves policy should be formally agreed by the trustees acting as a board and recorded in writing. Reserves are defined as the amount of unreslrided funds available lo the trustees for use in the objects of the charity. Plans for future periods There is no statutory regulation of the Clinical Perfusion Scientist profession by the government. The society remains focused Dn the Possibility of slatulory regulation, under the temis that will best serve not only our membership but also our patient group. The College will continue lo hold the register for the profession until ststulory regulation Is attained. An Indemnity policy has been in place since December 2013 and will continue lo remain. The Society of Clinical Perfusion Scientists of GB and Ireland provided an interest free loan of £25.000 in 2016 and deferred payments lo commence July 2018 al a level of £5,000 per year over 5 years which has been repaid as agreed with no foreseeable financial constraints lo limit this. Final payment will be July 2022.
The College of Cllnlcal Perfujlon Sclenllsls ol Great Brlt8ln and Ireland Company Llmllod by Guirant•g Trust•••' annual report Ilncory)orotlng Ihg dlr•ctorJ' reportl¢GM¥M¥dJ Ytar nd¢d 30 November 2021 sipuatyr qovlrn1n mJn•g•Mqnt. Th¢ ¢rgwisabon is 8 th•ntsNe rnpany Iintsd by guarnntoe. Incorted on 29 knLWy 19e6 ar Tegis198¥ 8 ¢h8rityon 1J Febru1 1986. The ¢¢thY w8$ eSt80sneo unoer 8 of thal obJort ptyoyrsof the charitabCopJNYaTrd isgoYemé underiL% Artides of Assockitityl. TM%t•e¥ The InJ8teés duriw th¥1 uploth8dats olthis ret&Xtas I5t8d N pogtr 1. The 818$ the Cwndl of Ma08oernenl gf The Cdkge of airical Pon Styentists ol Gre81 Britain and Irdand and pAemad2 up as f(Alows.' Upto 8 nthxinatsd by th6 S(¢ty1cI Perf0151Sen1S1S ofGreal 8Diain IreLwd. Th R•9istrar of th• Sou•ty of CllnicI perfu¥ll ScKrynb$ls ol Gfy818ritAinand Iland. Tknvsurgeons nominaled bythe SOGW rCalOorarj Surgery ISCTSI. Ty anaesthetssts Mrninaied by IhoA¥$4tyatn of Cardiuthoraoc knaestheli5ts IACTAI. An A¢4demi¢ ainitian ewled byihe Gouncil 8$ aOredU(4tsw. Smill ¢ompDnyWo1¢J¥ s has be8n twared Wklng advamryo sm&1 ot &eGt1 415A of the Cthrp3nYsAct2LK6. The Wu$tees' annu rwrt wa¥ aroro¥ed on trustees by.. . and gvwed Dn beh•N of the boBrd A Brennan Tw5t68
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Independent examiner's report to the trustees of The College of Clinical Perfusion Scientists of Great Britain and Ireland Year ended 30 November 2021 I report lo the charity trustees on my examination of the financial ststemenls of the company for the year ended 30 November 2021 which comprise the slalement of financial activities (including income and expenditure account), balance sheet and the related notes. Responsibilitias and basis of report As the charity's trustees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myself that the financial statements 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 company's financial statements as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in SpeCt of the company as required by section 386 of the 2006 Act, or the financial slalements do not accord with those records., or the financial slalements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the ac¢ounls give a 'lrue and fair, view which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no COnmS 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. Mark Proctor FCA DChA Independent Examiner Lovewell Blake LLP Chartered accounlanls Bankside 300 Peachman Way Broadland Business Park Norwich NR7 OLB 2710912022
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 30 November 2021 2021 Unrestricted funds Total funds 2020 Total funds Notg Income and endowments Charitsble activities Investment income Other income 48,950 4e,950 50,706 1,220 1,220 100 Total income 50,171 50,171 50,813 Expenditure Charitsble activities 149.9491 149.9491 149.9491 149.9491 {32,4871 {32,4871 Totsl expenditure Net income and net movement in funds 222 222 18,326 Reconclllatlon of funds Totsl funds brought forward Totsl fvnds carrled foDNard 63,457 63,457 45,131 63,679 63,679 63,457 The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 10 to 14 form part of these financial statements.
The College of Cllnlcal PerfusSon Sclentlsts ol Gieat Brltaln and Ireland Company Llmlted by GuJr¥ntee Balanc• Sheet 30 NovEmber 2021 2021 2ff20 Not• Cumot •M•t 12 C88h al bank and in han 76.777 76.777 CrodllorJ.' knounts l•lWnq due wlthln ontry¢ar Net cury•nt us•ts 13 124,8051 18,3201 63.679 fj8.457 Totsl a015 ¢Urrent Ilablllw 3.079 .457 Creditors.. knounts taltsng due aft•r mortthan one ytrar 14 15.OCQI 63.457 63.679 Funds ofth6 charfty Unre5bided funds 63,679 63.457 Ygtsl ¢h•rftylunth 15 63,679 63,457 F¢Y the year endlry 30 Nthrthr2021 thè chaiity wa$ enblled to exewiw from audit under sectyr 471 ol the Cc¢npgnie$ Ath 2W6 reLitirslo SlI¢panIeS. The have not requirerf the rArnpllny toobtwn an 8udildtt5 finalKlI staternents far year in gUe$knon in aG¢rydance ¥th s¢476,. Th? diredorn xkmYj5e tsr re5pun¥Atslibes fly cp47 the requirthments ¢Y ihe ¢i *i re¥8d l8¢jUnI1tlg rn¢¢yds the paratIon of flnanty81 staiemBnts. These finanual stalaments hwe been prepared in aGGrydance with the lo rryarie5 subietiio the small eomwies. wrne. Th¢¥e finanG slaiemEDb Bpwoved by b(wrd ol Ènd aUlhrffl¥d tsr i¥¥uc and are 5rgn8d on hf0fth& èy.. A 8Man Trusie• Company rqgiSa numt4r. 013718 Th• noieion pig•1 10 10 14 form wrt ollh•sgflnandal stit•m¢nt
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Notes to the financial statements Year ended 30 November 2021 General Infomiatlon The charity is a public benefit entity and a private company limitely by guarantee, Tegistered in England and Wales and a registered charity in England and Wales. The address of the registered office Is Royal College of Surgeons of England, College of Clinical Perfusion Scientists, Fifth Floor, Lincoln's Inn Fields, London, WC2A 3PE. statement of compliance The charity Constitutes a public benefit entity as defined by FRS 102. The financial slalements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2008 and UK Generally Accepted Accounting Practice. Accountlng pollcles Basls of preparatlon The financial slalements have been prepared on the historical cost basis. The financial slalements are prepared in sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis as the Iruslees believe that no material uncertainties exist. The trustees have Considered the level of funds held and the expected level of income and expenditure for 12 months from aLJthorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. The Trustees have taken account of the impact of Covid 19 when assessing going concern. Income All Income Is Included in the 5talemenl of financial activities when enlitlemenl has passed to the chaiily, il Is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. Thè following specific policies are applied lo particular categories of income". registration, accredilalion and exam fees are recognised on an accrual basis in the Statement of Financial Aclivits'es in the year they are receivable, which is when the charity becomes entitled lo resource. investment income is accounted for on a receivable basis gross of any income tax recoverable. income from contracts for the supply of ServIS is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 10-
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Notes to the financial statements (¢¢)nfynuedJ Year ended 30 November 2021 Accountlng pollcles (continued) Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charitsble trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable ID a single activity are allocated directly ID that activity. Shared costs are apportioned betseen the activities they contribute to on a reasonable, justifiable and consistent basis. Flnanclal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party lo the conlra¢tU81 provisions of the inslrumenl. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement conslitules a financing transaction, where it is recognised al the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Current assets and current liabilities are subsequenuy measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantee The College ha5 no share capitsl and the liability of the members is limited by guarantee lo £1 each. Charltsble a1vItIeS Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Registration fees Accreditation visits Exam fees 43,650 4,000 1,300 48,950 43.650 4,000 1.300 44,656 5,000 1,050 50,706 44,656 5,000 1,050 50,706 48,950 11
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Notes to the financial statements (¢¢)nfynuedJ Year ended 30 November 2021 Investment Income Unrestrictely Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Bank interest receivable other income Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Other income 1,220 1,220 100 100 Expendlture on charltable actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Travelling General administration costs Insurance AGM expenses Sundry expenses World paylfast pay Conference registration fees College Research Award Governance costs 703 35,883 977 8,193 500 993 214 500 1,986 703 35.883 977 8.193 500 993 214 500 1,986 4,451 7,907 896 15.970 265 946 50 4,451 7,907 896 15,970 285 946 50 2,002 2,002 49,949 49,949 32,487 32,487 Analysls of governance costs Unrestricted Totsl Funds Unrestricted Total Funds Funds 2021 Funds 2020 Independent examination 1,986 1,986 2,002 2,002 Net income Net income is stated after chargingllcreditingl.. 2021 2020 Independent examiners fee 1,986 2,002 10. Stsff Costs There were no stsff costs incurred during the year. The average head count of employees during the year was Nil12020'. Nill No employee received employee benefits of more than £60,000 during the year12020'. Nil) 12-
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Notes to the financial statements (¢¢)nfynuedJ Year ended 30 November 2021 11. Trustee remuneratlon and expenses None of the trustees lor any persons connected wth theml received any remuneration during the year. Seven ttuslees were reimbursed travel expenses of £606 12020". Nine trustees £2,049) and no trustees were reimbursed for registration fees12020". one trustee- £251. At the year end there were no amounts owed to any of the Irustees12020.' £Nill. 12. Debtors 2021 2020 Prepayments and accrued income 2,000 13. Credltors.. Amounts falllng due wlthln one year 2021 2020 Other loans Accruals 5,000 19,805 5,000 3,320 24,805 8,320 14. Creditors.. Amounts falling due after more than one year 2021 2020 Other loans 5,000 Included within other loans, due within one year and after one year, are amounts owed to the Society of Clinical Perfusion Scienlisls. The loan is unsecured. writh no interest due and is repayable over fi've annual inslalmenls. 13-
The College of Clinical Perfusion Scientists of Great Britain and Ireland Company Limited by Guarantee Notes to the financial statements (¢¢)nfynuedJ Year ended 30 November 2021 15. Analysls of charltable funds Unrestrl¢ted funds 2021 A11 December 2020 At30 November 2021 Income Expenditure General funds 63,457 50,171 149,9491 63.679 2020 A11 December 2019 At30 November 2020 Income Expenditure General funds 45,131 50,813 132,4871 63,457 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2021 Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 88.484 124.8051 88.484 124.8051 63,679 63,679 Unrestricted Totsl Funds Funds 2020 Current as5e15 Creditors less than 1 year Creditors greater than 1 year Ngt assets 76,777 18,3201 15,0001 63,457 76,777 18,3201 15,0001 63,457 17. Related parties There were no related paty transactions in the current or previous year other than those detailed in note11. 14-