2024-04-05-accounts

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ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

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LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Dr F O'Neil
	Mrs A McCrum
	Mr P Caddell
	Ms R McFarland
	Mr T Coogan
	Mrs D Gregson
	Mr N Gregson
	Mrs V O'Neill
	Mrs H O'Connor
	Dr C McCarroll	(Appointed 10 January 2024)
	Dr D Trainor	(Appointed 10 January 2024)
Principal address	Regional Intensive care unit (RICU)
	274 Grosvenor Road
	Belfast
	BT12 6BA
Independent examiner	Moore Braniff
	2 Beechill Business Park
	96 Beechill Road
	Belfast
	Northern Ireland
	BT8 7QN
Bankers	Ulster Bank
	11 - 16 Donegall Square East
	Belfast
	BT1 5UB

Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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CONTENTS

	Page
Trustees report	1 - 2
Statement of trustees responsibilities	3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 13

Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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TRUSTEES REPORT

FOR THE YEAR ENDED 5 APRIL 2024

The trustees present their annual report and financial statements for the year ended 5 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 Charities Act 2008 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 2016)

Objectives and activities

A. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The Charity is the Trust Fund of the Royal Victoria Hospital regional Intensive Care Unit. Its main objections are:-

• the promotion of health by providing up-to-date and extensive facilities as possible in the Intensive Care Unit of the Royal Victoria Hospital and;

• the advancement of education by providing the funds whereby the staff of the Intensive Care Unit can attend seminars, conferences and courses to extend their knowledge in the specialist field of Intensive Care.

B. Main activities undertaken to further the charity's purpose for the public benefit

Revive plays a pivotal role in providing additional equipment and services for patients, additional comfort and support for families and relatives, and additional training and support for staff. In recent years Revive has co-funded important research in the field of Intensive Cared medicine.

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

Achievements and performance

During the period Revive continued to play a pivotal role in providing additional equipment and services for patients, additional comfort and support for families and relatives, and additional training and support for staff.

Financial review

At the reporting date of 5 April 2024, the following is an overview of the charity's position. The accounts documented an overall surplus of £75,645 (2023 £36,950). Net assets held by the charity at the year end were £356,335 (2024: £280,690).

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern can be found in the Accounting policies.

Reserve policy

The charity's policy is to retain a level of free reserves, to meet running costs over the upcoming year. The Charity will continue to monitor this and review the policy annually.

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.

Structure, governance and management

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TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

The trustees who served during the year and up to the date of signature of the financial statements were:

Dr F O'Neil Mrs A McCrum Dr A Bedi (Resigned 22 August 2023) Ms H Lowry (Resigned 20 September 2023) Ms C Francis (Resigned 22 February 2024) Mr P Caddell Ms R McFarland Mr T Coogan Mrs D Gregson Mr N Gregson Mrs V O'Neill Mrs H O'Connor Dr C McCarroll (Appointed 10 January 2024) Dr D Trainor (Appointed 10 January 2024)

None of the trustees has any beneficial interest in the Charity.

The charity is proud to have Lady Mary Peters LG, CH, DBE, DSTJ as patron.

The trustees report was approved by the Board of Trustees.

.............................. .............................. Mrs A McCrum Mr N Gregson Trustee Trustee 16-05-25 Date: .............................................

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STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2024

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 Northern Ireland 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 charity and of the incoming resources and application of resources of the charity for that year.

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

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF REVIVE

I report to the trustees on my examination of the financial statements of Revive (the charity) for the year ended 5 April 2024.

Respective responsibilities of charity trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 65(3) of the Charities Act (NI) 2008 (the Act) and that an independent examination is needed.

I report in respect of my examination of the charity’s financial statements carried out under section 65 of the 2008 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 65(9) of the 2008 Act.

Basis of independent examiner's report

I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe that:

• 1. Accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008; or
• 1. The financial statements do not accord with those accounting records; or
• 1. The financial statements do not comply with the accounting requirements of the Charities Act (Northern Ireland) 2008; or
• 1. There is further information needed for a proper understanding of the financial statements to be reached.

Independent examiner's statement

I have completed my examination and I have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Moore Braniff 2 Beechill Business Park 96 Beechill Road

Belfast BT8 7QN Northern Ireland 19-05-25 Date: ............................

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Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

		Restricted	Restricted
		funds	funds
		2024	2023
	Notes	£	£
Income from:
Donations and legacies	3	86,773	44,774
Investments	4	4,199	1,180
Total income		90,972	45,954
Expenditure on:
Charitable activities	5	14,816	8,596
Other expenditure	10	511	408
Total expenditure		15,327	9,004
Net income and movement in funds		75,645	36,950
Reconciliation of funds:
Fund balances at 6 April 2023		280,690	243,740
Fund balances at 5 April 2024		356,335	280,690

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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BALANCE SHEET

AS AT 5 APRIL 2024

2024 Notes £ Current assets Cash at bank and in hand 358,232 Creditors: amounts falling due within one year 12 (1,897) Net current assets The funds of the charity Restricted income funds 13 The financial statements were approved by the trustees on ......................... .............................. .............................. Mrs A McCrum Mr N Gregson Trustee Trustee 16-05-25	£ 356,335 356,335 356,335	2023 £ 281,614 (924)	£ 280,690
			280,690
			280,690

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Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

Charity information

Revive is the Trust Fund of Royal Victoria Hospital Regional Intensive Care Unit.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and 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 charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

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

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 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. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

(Continued)

1.5 Expenditure

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

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 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.

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 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 charity’s contractual obligations expire or are discharged or cancelled.

1.7 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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

2 Critical accounting estimates and judgements

In the application of the charity’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.

3 Income from donations and legacies

	Restricted	Restricted
	funds	funds
	2024	2023
	£	£
Donations and gifts	86,773	44,774

4 Income from investments

	Restricted	Restricted
	funds	funds
	2024	2023
	£	£
Interest receivable	4,199	1,180

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

5 Expenditure on charitable activities

		Restricted	Restricted
		funds	funds
		2024	2023
		£	£
	Direct costs
	RVH staff support costs	11,883	3,854
	Research and training grants awarded	1,180	-
	Accommodation for relatives	-	834
	RVH other costs	-	3,303
		13,063	7,991
	Share of support and governance costs (see note 6)
	Governance	1,753	605
		14,816	8,596
	Analysis by fund
	Restricted funds	14,816	8,596
6	Support costs allocated to activities
		2024	2023
		£	£
	Governance costs	1,753	605
	Analysed between:
	Restricted funds	1,753	605
		2024	2023
	Governance costs comprise:	£	£
	Independent examiner fees	972	127
	Website costs	546	313
	Stationery costs	235	165
		1,753	605
7	Net movement in funds	2024	2023
		£	£
	The net movement in funds is stated after charging/(crediting):
	Fees payable for the independent examination of the charity's financial statements	972	127

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 2 trustees were reimbursed a total of £546 for domain renewal expenses (2023- £1,147).

9 Employees

The average monthly number of employees during the year was:

	2024	2023
	Number	Number
Total	-	-
There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

10 Other expenditure

	Restricted	Restricted
	funds	funds
	2024	2023
	£	£
Financing costs	511	408

11 Taxation

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

12 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
	2024	2023
	£	£
Accruals and deferred income	1,897	924

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Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

13 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At 6 April 2023	Incoming	Resources	Transfers At 5 April 2024	Transfers At 5 April 2024
		resources	expended
	£	£	£	£	£
	(1)	-	-	-	(1)
Ulster Bank Current account	998	86,773	(14,355)	(72,490)	926
Ulster Bank - Business Reserve
account	280,617	4,199	-	72,490	357,306
Accruals	(924)	-	(972)	-	(1,896)
	280,690	90,972	(15,327)	-	356,335
Previous year:	At 6 April 2022	Incoming	Resources	Transfers At 5 April 2023
		resources	expended
	£	£	£	£	£
	-	(1,679)	1,679	-	-
Ulster Bank Current account	502	44,774	(9,758)	(34,520)	998
Ulster Bank - Business Reserve
account	244,917	1,180	-	34,520	280,617
Accruals	(1,679)	1,679	(925)	-	(925)
	243,740	45,954	(9,004)	-	280,690

14 Analysis of net assets between funds

	Restricted
	funds
	2024
	£
At 5 April 2024:
Current assets/(liabilities)	356,335
	356,335

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Docusign Envelope ID: 07071182-E5D4-4D2E-866B-E925A0F8FAF4

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

14	Analysis of net assets between funds	(Continued)
		Restricted
		funds
		2023
		£
	At 5 April 2023:
	Current assets/(liabilities)	280,690
		280,690

15 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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