OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Revive

2025-04-05-annual-report

Charity registration number 104576 (Northern Ireland)

REVIVE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

REVIVE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr F O'Neil
Mrs A McCrum
Ms R McFarland
Mr T Coogan
Mrs D Gregson
Mr N Gregson
Mrs V O'Neill
Mrs H O'Connor
Dr C McCarroll
Dr D Trainor
Charity number (Northern Ireland) 104576
Principal address Regional Intensive Care Unit (RICU)
Royal Victoria Hospital
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

REVIVE

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

REVIVE

TRUSTEES REPORT

FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and financial statements for the year ended 5 April 2025.

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:-

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 2025, the following is an overview of the charity's position. The accounts documented an overall surplus of £111,354 (2024 £75,645). Net assets held by the charity at the year end were £467,689 (2024: £356,335).

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

The charity is governed by a constitution and registered with the Charities Commission in Northern Ireland.

REVIVE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

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 Mr P Caddell (Resigned 30 September 2025) Ms R McFarland Mr T Coogan Mrs D Gregson Mr N Gregson Mrs V O'Neill Mrs H O'Connor Dr C McCarroll Dr D Trainor

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 9 March 2026

REVIVE

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2025

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:

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.

REVIVE

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 2025.

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:

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 9 March 2026

REVIVE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Restricted Restricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 163,976 86,773
Investments 4 3,638 4,199
Total income 167,614 90,972
Expenditure on:
Charitable activities 5 55,627 14,816
Other expenditure 10 633 511
Total expenditure 56,260 15,327
Net income and movement in funds 111,354 75,645
Reconciliation of funds:
Fund balances at 6 April 2024 356,335 280,690
Fund balances at 5 April 2025 467,689 356,335

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

REVIVE

BALANCE SHEET

AS AT 5 APRIL 2025

2025
Notes
£
Current assets
Cash at bank and in hand
469,999
Creditors: amounts falling due within one year
12
(2,310)
Net current assets
The funds of the charity
Restricted income funds
13
The financial statements were approved by the trustees on 9 March 2026
Mrs A McCrum
Mr N Gregson
Trustee
Trustee		 £
467,689
467,689
467,689		 2024
£
358,232
(1,897)		 £
356,335
356,335
356,335

REVIVE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

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.

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

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.

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

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
2025 2024
£ £
Donations and gifts 163,976 86,773

4 Income from investments

Restricted Restricted
funds funds
2025 2024
£ £
Interest receivable 3,638 4,199

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

5 Expenditure on charitable activities

Restricted Restricted
funds funds
2025 2024
£ £
Direct costs
RVH staff support costs 3,457 11,883
Research and training grants awarded 676 1,180
Equipment for unit 45,991 -
RVH other costs 3,783 -
53,907 13,063
Share of support and governance costs (see note 6)
Governance 1,720 1,753
55,627 14,816
Analysis by fund
Restricted funds 55,627 14,816
6 Support costs allocated to activities
2025 2024
£ £
Governance costs 1,720 1,753
Analysed between:
Restricted funds 1,720 1,753
2025 2024
Governance costs comprise: £ £
Independent examiner fees 1,397 972
Website costs 323 546
Stationery costs - 235
1,720 1,753
7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements 1,397 972

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

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 £323 for domain renewal expenses (2024- £546).

9 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
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
2025 2024
£ £
Financing costs 633 511

11 Taxation

The charity is exempt from taxation (HMRC reference XR32251) 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
2025 2024
£ £
Accruals and deferred income 2,310 1,897

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

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 2024 At 6 April 2024 Incoming Resources Transfers At 5 April 2025 Transfers At 5 April 2025
resources expended
£ £ £ £ £
Ulster Bank Current account 926 163,976 (55,847) (108,055) 1,000
Ulster Bank - Business Reserve
account 357,306 3,638 - (341,945) 18,999
Accruals (1,897) - (413) - (2,310)
Investments - - - 450,000 450,000
356,335 167,614 (56,260) - 467,689
Previous year: At 6 April 2023 Incoming Resources Transfers At 5 April 2024
resources expended
£ £ £ £ £
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 (925) - (972) - (1,897)
280,690 90,972 (15,327) - 356,335
Analysis of net assets between funds
Restricted
funds
2025
£
At 5 April 2025:
Current assets/(liabilities) 467,689
467,689

14 Analysis of net assets between funds

REVIVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

14 Analysis of net assets between funds (Continued)
Restricted
funds
2024
£
At 5 April 2024:
Current assets/(liabilities) 356,335
356,335

15 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).