rcpch annual report 2011
DESCRIPTION
Annual Report for the Royal College of Paediatrics and Child Health 2011TRANSCRIPT
AnnuAl RepoRt
2011
Mission
To transform child health through
knowledge, innovation and expertise.
Vision
A healthier future for children and
young people across the world.
Values
AUTHORITATIVE
Recognised and respected as the
authority on child health.
MODERN
Committed to leading the way in
paediatric research and training.
INFLUENTIAL
Champions of the best health outcomes
for children and young people.
PROFESSIONAL
The standard bearer of child health
within the medical profession.
ContentsFrom the president
From the Ceo
Child health
Setting and raising standards
Membership
Sustainability
people
Finance
Fundraising
02
04
06
08
10
12
14
16
20
02
From the Presidentthis is the last of my three years as RCpCH president. Since I took office, a great deal has changed – both outside and inside the College. I want to take this opportunity to review where we stand in our core work of representing our members and arguing for the best possible provision in child health.
The Government’s Health and Social Care Bill completed its parliamentary scrutiny and is now law. The College has been engaged in the debates around it from the start. We secured a number of changes and amendments, perhaps most importantly the establishment of a Children’s Forum to highlight the particular issues relevant to children and young people.
Professor Terence Stephenson, President
At the start of 2012, however, it became clear that
the Bill was encountering opposition from health
professionals across the field. We undertook a UK wide
survey of members to ascertain their views on the Bill,
and Council subsequently endorsed the survey result
that we should call for withdrawal of the Bill. Although
the Bill has none the less passed into law and whatever
the outcome of the Government’s reform programme,
it’s clear that we must continue in our obligation
to fight for children’s health – whether through the
Children’s Forum or otherwise. Our profile throughout
this work, though, reflects one of my goals: that the
College should always work to ensure that children’s
health is “on the radar” of the media and other opinion-
formers. This was an issue that Sir Ian Kennedy’s 2010
report, Getting it right for Children and Young People,
highlighted. The increased media coverage we have
achieved over the last few years certainly demonstrates
a great deal of progress.
03
I have been engaged with raising the profile of
children’s health in a number of ways during my
Presidency. I have been a member of the GMC’s major
new review on child safeguarding, Protecting children
and young people: the responsibilities of all doctors.
There was a consultation in late 2011, and I am hopeful
that the final version will be a significant landmark in
clarifying the vital work we and other professionals all
do on child protection.
We have always been engaged in providing education
courses and material of the highest quality. In 2012
our Annual Conference will be held in Glasgow for
the first time. In 2013 it will again return to Glasgow
but combined with the two-yearly Europaediatrics
conference. I am extremely pleased that the College-
sponsored bid for 2013 was able to secure the first
Europaediatrics conference in the UK.
We have also launched a much wider portfolio of
courses throughout the year, building on the success of
courses such as Child Protection: From Examination to
Court. The new “How to Manage…” series offers a range
of short courses aimed at different paediatric
specialties such as allergy or nutrition, and we are keen
to expand its range.
However, the work of establishing these courses has
brought home to us how much wider the reach our
education provision could be if we were to have
purpose-built facilities. Accordingly, we have launched
a major new appeal to build an Education Centre, with
state-of-the-art facilities that will permit distance as
well as in-person learning throughout the UK and with
global reach. Our Patron, HRH the Princess Royal, at a
reception at St James’ Palace in March 2012, formally
launched the appeal.
In the meantime, we have also been working on
infrastructure projects that will deliver better services to
our members and other stakeholders. For instance, we
launched a new College website in April 2011. Apart from
having a refreshed design, it allows much more
interactivity and personalisation for members. The
College’s web presence will become increasingly
important as we move towards the implementation of
revalidation. Despite these and other new developments
at the College, I am pleased that we have been able to
keep increases in member subscriptions significantly
below Consumer Price Index (CPI) inflation, as I
promised in my original manifesto.
The College’s journal, Archives of Disease in Childhood
(ADC), continues to set a high standard. We were all
very sad to see Prof Howard Bauchner depart as
Editor-in-Chief this year. It is a mark of the esteem in
which he and the journal are held that he has gone on
to be Editor of the Journal of the American Medical
Association. Howard’s successor at ADC is Dr Mark
Beattie, and we have great hopes for the development
of the journal under his leadership.
ADC is one of the means by which the College ensures it
has a high profile internationally. We have also expanded
our international work under Steve Allen and our new
Head of International Operations, Justin Thacker.
At the same time we have also expanded the number
of countries in which we run the College’s exams. The
introduction of our MRCPCH to India is a major step
forward and I hope that many other countries’ doctors
will find it useful to work towards this clinically rigorous
and well-tested exam. As a local trainee told the
Egyptian Minister of Health, “preparing for this exam has
improved my care of Egyptian children”.
The central theme to all of these developments, of
course, is improving the healthcare offered to children.
The expertise of our members is our indispensable
asset in doing this. I am enormously grateful to all
those members who give freely of their time to support
our work – whether it be in examinations, responding to
consultations, or serving on committees.
My time as College President has been a great privilege.
I have had the chance to meet a wide range of members,
and I hope that we have been able to respond to their
concerns more fully than ever before. I have also been
able to rely on superb support from the College staff, led
since 2010 by Chris Hanvey. I am sure that my successor
Hilary Cass will take the College forward in proactive
and innovative ways. My very best wishes to all of you.
04
From the CEOno one can accuse the RCpCH of standing still. Since I arrived in February 2010, we have been engaged – with the essential support of our officers and staff – in achieving our goals within an increasingly challenging environment.
From the College’s point of view, those challenges include the generally less favourable economic climate, some longstanding financial issues, the pressures on the uK health services and the government’s planned reforms to the english health and social care service. this year has seen us complete a number of important pieces of groundwork, and has left us in a strong position to face whatever the future may bring. We have,
for example, launched a capital fundraising appeal, we have generated new income for international work and we have set in train a review of our governance structure.
05
The staff restructuring which I described last year has
been completed. We have recruited to all the posts
originally envisaged. The RCPCH is now organised
into four divisions: Communications, Corporate
Services, Education and Training, and Research and
Policy. As a result of the restructuring, we have new
functions to deliver international work, public affairs
and campaigning. But at the same time, we should
acknowledge the everyday, vital work of the Education
and Training and Research and Policy divisions who are
at the heart of the RCPCH’s existence. We also have a
much improved Human Resources and Organisational
Development team. This last change is crucial in ensuring
that one of our goals is met: allowing all the RCPCH’s
staff to perform as well as possible, and embedding
a robust culture of performance management in
everything we do. That is why we now have a series
of key performance measures, against which we must
be held accountable. “Better”, as the British Olympics
team state, “never stops”.
Over and above this, Council and senior staff have
worked to produce a new RCPCH Plan. This covers the
years 2012-15 and sets out our aspirations according
to five key areas:
- Child Health
- Setting and Raising Standards
- Membership
- Sustainability
- People
As you read through this Annual Report, I hope you
will see both what we have accomplished in each of
these areas and what our ambitions are for the future.
As the President says in his report, a great deal has
been achieved in the last few years. I am very grateful
to RCPCH staff old and new for their commitment and
hard work. But I would not wish to seem complacent
about the achievements of the last year. The RCPCH
Plan makes clear that we have many new challenges
to face if we are to become a truly responsive and
effective organisation in our field. Responsive, first and
foremost to members, but also to funders, political
administrators in the four nations and the wider world
of medical education and training. We are focussed,
above all, on the RCPCH’s central goal: that everything
it does should provide the greatest possible benefit
for children’s health.
Dr Chris Hanvey,
Chief Executive Officer
Goal: play a key role in influencing children and young people’s health in the uK and internationally. Concentrating on this, as the primary focus of the College, will help to address child mortality, obesity and well being.
06
Child health
07
the RCpCH has always placed child health at the centre of its work. In 2010-11, it undertook an ambitious programme of lobbying and policy formulation, especially in response to the uK Government’s Health and Social Care Bill. A number of changes were secured in the Bill, including the establishment of a Children’s Forum to ensure that the specific needs of children and young people were safeguarded.
A number of major research projects have begun or
continued in 2010-11, including the UK Child Health Review
(www.rcpch.ac.uk/chr-uk) and audits of national provision
for diabetes, epilepsy, and decreased consciousness. In
addition, the British Paediatric Surveillance Unit (BPSU)
celebrated the 25th anniversary of its work on the
epidemiology of rare diseases. Although the BPSU’s
funding from the Department of Health is scheduled
to expire in 2012, the RCPCH has made a commitment
to continue undertaking rare disease surveillance work.
At the same time, the RCPCH made a major new
commitment to its international work. This was
embodied in a new International Strategy, on the basis
of which bids were successful to the Department for
International Development for government support
of a range of projects.
The new Communications Division has provided enhanced
support and publicity for all these areas of work, via
effective media and campaign releases, the RCPCH
website, print publications, and email bulletins. A new
Media and Campaigns team is helping to drive a more
proactive approach to ensuring the RCPCH’s point of view
is seen and heard by as wide an audience as possible and
is supported by work undertaken by the communications
teams. As an example of this, the President’s campaign
against smoking in cars when children are present has
gained widespread media coverage.
Dr. John Wachira, ETAT+ Lead at the Kenya Paediatric Association, is working with the RCPCH to roll out a major new ETAT+ (Emergency Triage Assessment and Treatment) iniative in East Africa.
2010 – 2011 ACHiEvEmEnTs
n Launch of Intercollegiate safeguarding competences, September 2010
n Expansion of “Medicines for Children” leaflet programme
n Launch of “HeadSmart” campaign to promote brain tumour awareness
2011 – 2012 TARgETs
n Secure the engagement of children, young people and families
n Raise the RCPCH’s profile in the media by 10% each year
n Improve safety in paediatric healthcare and reduce preventable child deaths
n Raise awareness and influence behaviours of business, government, parents and children
08
Setting and raising standardsGoal: ensure high standards of evidence-based training, assessment, education, clinical practice and service provision.
n Defining the competences required for trainees at
various levels of their career progression.
n Providing online tools (ASSET and E-portfolio)
by which trainees can monitor their progress.
n Examining the achievement of competences in child
health through the MRCPCH and DCH examinations.
n Running a Continuing Professional Development
programme for UK paediatricians.
n Delivering a comprehensive Clinical Standards
programme to ensure that paediatricians have
access to the latest evidence based resources
in the field.
n Delivering a portfolio of courses and events to
support these standards, including the flagship
Annual Conference each spring.
Over the last year, the RCPCH has greatly expanded
the range of courses it offers, including a new “How to
Manage…” series.
In the coming year, major challenges will include the
introduction of revalidation, the new system for ensuring
that all doctors maintain their competence in practice.
In addition, the 2013 RCPCH Annual Conference will be
held jointly with the biennial Europaediatrics meeting
– the first time Europaediatrics has been held in the UK.
2010-11 ACHiEvEmEnTs
n To set and monitor the standards and training for
clinical practice of the paediatric workforce.
The General Medical Council (GMC) commended the RCPCH for its
support of educational supervisors and the annual specialty report
on the MRCPCH review of exam data. This showed pass rates have
improved and the RCPCH review of the ARCP processes across
the deaneries including the introduction of a new trainers report.
The RCPCH ran a significant number of education projects across
the UK including nutrition courses, safeguarding courses, practice
educators programme, international courses and e-learning modules.
n Supporting Quality Improvement through the
development of quality indicators and building on
the commendation by the General Medical Council
for the quality framework submitted by the College.
The RCPCH recognised an opportunity for improvements to work
streams and services and engaged in a whole systems approach to
changing them with a focus on efficiency, the products and
outcomes, and teamwork.
n To develop ‘Policy Briefings’ on a minimum of 5 key
issues over a 12-month period to enhance the
influence of RCPCH in the wider policy arena.
The RCPCH submitted a total of 41 consultation responses, which
influenced policy, including the Health and Social Care Bill, and
standards on areas such as child protection, public health and
service delivery. We also produced five comprehensive policy
bulletins for clinical leads, one formal position statement on
breastfeeding and a draft position on obesity. We also delivered five
successful policy breakfast events for high-level key stakeholders.
other notable achievements during the financial
year include:
n 178 CPD courses were approved compared
to 52 in 2009/10.
n Revised revalidation standards for paediatrics were
developed during spring 2011 and submitted to the
Academy of Medical Royal Colleges in July 2011 for
use in 2nd stage pilots, starting in August 2011.
09
the RCpCH has a wide-ranging remit to set and raise standards in paediatrics and child health. the activities it undertakes in pursuit of this goal include:
2011-12 TARgETs
n To set, monitor and improve the standards for
training in the clinical practice of the children’s
healthcare workforce
n Assist the paediatric workforce to develop
competence to deliver children and young
people’s services
n Publish 7 key resources each year to support
practioners to improve practice and deliver high
quality care
10
Goal: Develop and deliver a high quality service for Members.
Membership
2010-11 ACHiEvEmEnTs
n To go live with a new website on a
new ‘platform’..
The RCPCH launched the new website in spring
2011 and continues to make further improvements
to engage further with its members and streamline
internal processing.
11
the RCpCH has over 13,500 members – across the uK and overseas. Membership has grown consistently since the creation of the RCpCH in 1996. Many members provide valued expertise for the RCpCH’s work, for instance by volunteering as examiners or sitting on RCpCH committees. It is essential to the RCpCH’s work that it understands the needs of members and delivers them as fully as possible.
It is with this in mind that the RCPCH has begun a
new drive to focus on the benefits that members
receive. The new RCPCH website, launched in April
2011, is one result of this. The new website will provide
members with much greater ability to personalise their
interaction with the RCPCH. Already, members can
log in to update their contact details. Our aim is to
ensure that by the end of 2012 it is hoped that the
website will offer the opportunity to register online
for exams and to book RCPCH courses online.
A RCPCH Facebook group and Twitter feed have also
provided new ways of interacting with members and
understanding their views.
The RCPCH is particularly concerned to ensure it is
delivering services to all groups of members. With a
growing population of trainees and SSASG doctors,
it is especially important to ensure that the RCPCH
is representing the views of these members.
More targeted communications to members will go
along with a more personalised experience on the
website. As the RCPCH’s provision of courses and
education material grows, we aim to have them
tailored far more to the needs of specific sections
of the membership.
“The RCPCH’s new website, launched in April 2012, provides increased facilities for our members.”
2011-12 TARgETs
n Secure additional income through a targeted
fundraising campaign
n Deliver a high quality service to members
n Increase Associate membership and
overseas membership
n Expand the IT website capabilities for members
12
Goal: protect, utilise and develop all the assets of the College. At the same time, we will increase and diversify income streams.
Sustainability
13
2010-11 ACHiEvEmEnTs
n To successfully launch and thoroughly embed
the new College brand.
The new branding for the College was launched in
November 2010 and is now fully embedded across
the College.
the RCpCH will only be successful in achieving its goals if it is able to create a solid foundation – in terms of its finances, reputation, and governance – for all its activities.
As the Hon Treasurer’s report sets out, the year’s
financial performance has been good overall. Two
significant outstanding financial issues are being
resolved this year, around pensions and VAT. Although
there are some negative consequences around both,
the resolution of these issues will remove significant
uncertainty around the RCPCH’s finances.
Other notable achievements during the financial year
include a successful fundraising event in August 2011
for the David Baum International Foundation.
The Sustainability goal in the RCPCH’s 2012-2015
Plan envisages both the creation of new sources
of income and the augmentation of existing ones.
So, for instance, the RCPCH’s new ventures into
International work will only be viable in the
long-term if grant funding is secured that matches
the RCPCH’s goals. Similarly, the expansion of
provision of MRCPCH and DCH exams into new
countries can only continue as demand for those
exams continues to grow – which, in turn, depends
on the rigour and high quality of those exams.
But sustainability is not only a financial issue. In 2012,
a major review of the RCPCH’s governance will be
undertaken, in order to ensure that its structures are
responsive to members’ needs and fit for purpose in
the current environment. Sustainability also depends
on the RCPCH continuing to build its profile in the
public arena so that it is seen as a “go-to” organisation
for concerns about child health.
Further 2012 projects which will support this goal include
a drive to increase the RCPCH’s reserves and enhance the
net income derived from its research and policy activities.
“The College is working towards an ambitious new goal of establishing an Education Centre – a launch for this campaign was held at st James’s Palace in march 2012.”
2011-12 TARgETs
n Generate at least £500,000 of grant funding
by 2014
n Increase RCPCH reserves
n Increase candidate numbers entering
MRCPCH and/or DCH Examinations
n Increase net income from research and
policy activities
14
People
15
The RCPCH can only achieve its other goals if its
staff are performing to the best of their abilities in
an environment that supports and challenges them.
In order to achieve this, the RCPCH has agreed an
ambitious new People Strategy, which aims to create
a culture of continuous improvement in how the
RCPCH’s work is delivered.
A new Human Resources and Organisational
Development team has been established, with the
mandate to deliver the People Strategy. Early work
by this team has included the creation of a Leadership
Development Programme for all managers at the
College, and a Senior Leadership Development
Programme for members of the Senior Management
team. In addition, a new online HR system has been
established, enabling automatic monitoring of
sickness, leave, and giving staff many more tools
to view their records as employees.
This builds on the work conducted in 2010-11, when
a full restructuring of the RCPCH’s staffing structure
was undertaken. That restructuring is now complete,
with the RCPCH organised into four divisions –
Communications, Corporate Services, Education and
Training, and Research and Policy – mapping much
more closely to its needs.
Goal: put in place a progressive, enabling people Strategy so all RCpCH staff are enthused and equipped to deliver the organisational goals and to establish the RCpCH as a responsive body which is quick to answer members’ needs. to ensure that members and officers who engage directly with delivery of the RCpCH’s work are effectively supported.
RCPCH Leadership Development Programme Brochure
2011-12 TARgETs
n Develop and implement an action plan
for the RCPCH to be regarded as an
employer of choice
n Implementation of a Leadership Development
Programme and Performance Management
Framework for the RCPCH
16
FinAnCiAL issUEs
Whilst the Royal College of Paediatrics and Child Health
has had another successful year, the current senior staff
and officers have been dealing with two significant
financial issues, which have arisen as result of decisions
taken a number of years ago.
The first issue arises following the purchase of our
Head Office in Theobalds Road. The RCPCH purchased
the property under the assumption VAT was not
applicable. However, HMRC has appealed against this
and we are anticipating this being settled by Tribunal
in 2012. If unsuccessful the RCPCH will be required to
pay the due VAT and the cost will be c. £2.0m.
The second issue surrounds a previous staff pension
scheme which the RCPCH has decided to withdraw
from as we have been unintentionally in breach for
many years of the original terms agreed in the 1970s.
The cost to the RCPCH is £1.3m and has been
accounted for within the figures presented for 2010/11.
Whilst these financial issues are significant they will
not threaten the long-term goals and vision of the
RCPCH. The RCPCH has a very healthy balance sheet,
a strong cash flow and preliminary terms have already
been agreed with our bankers to extend the mortgage
should the VAT debt arise.
Treasurer’s Report
2010-11 ACHiEvEmEnTs
n A 6% increase in membership income to £3.4m. The
number of members increased from 12,105 to 12,636.
n Assessment income increased by 4% to £3.0m, whilst
costs have reduced by £0.3m.
n Publications income broke £1m for the first time.
n Income from our trading subsidiary increased by
84% to £0.3m due to attracting more exhibitions at
the annual conference and increased revenue from
renting rooms within our building.
n Events income is £0.4m, 17% higher than last year.
The success is built on the Annual Conference and
hosting a number of training events. Expenditure is
broadly in line with last year.
n Restricted income is marginally higher then 2009/10
at £1.3m.
n Cash balances remain strong at £4.4m.
n The finance department has reconfigured the finance
system to improve financial reporting.
n Our mortgage debt has reduced by £0.3m during the
financial year, this is ahead of schedule and double
the previous financial year.
n Three-year Corporate Services strategy approved.
FURTHER InFORMATIOn: The full financial statements are available on the College website, www.rcpch.ac.uk. Transparency throughout the College
is important and encouraged particularly within finance. If you have any queries about the finances of the College, please do not hesitate to contact
me ([email protected]) or David Howley ([email protected]), Director of Corporate Services.
inCOmE
The RCPCH has achieved income in excess of £10m
for the financial year 2011/12. This income is similar
to the previous financial year and shows stability
within the RCPCH’s financial activity. The graph
shows trends over a six-year period.
Within our general fund, income has increased by
2% to £8.7m and restricted income has increased
by 4% to £1.3m. An increase in restricted income is
very positive especially given the external market
where the availability of securing income has
contracted significantly in the last twelve months.
Designated income has fallen by £0.3m as a result of
one significant donor in the previous financial year.
17
EXPEnDiTURE
Expenditure for the year is £11.4m, an increase of
£1.1m from 2009/10. The reason for this increase
is a one-off pension liability cost of £1.3m.
Excluding this from the calculation would result
in expenditure being £0.2m lower than 2009/10.
The graph shows the trend over the six years.
The RCPCH is pleased how well expenditure
has been controlled during the year especially
given the external pressures on costs. The most
significant variances is due to a one off pension
liability of £1.3m. The other large variances are
within Education and Training and Policy and
Research. This is a result of these divisions being
restructured during the year so they are not
directly comparable. However, reviewing jointly,
expenditure in 2009/10 is broad the same
as 2010/11.
REsERvEs
Reserves for the RCPCH are £17.3m, a reduction of
£1.3m. The reserves are predominantly unrestricted
funds, totalling £15.8m, with restricted funds
accounting for £1.5m.
Whilst our unrestricted reserves are high at £15.8m,
our free reserves are lower than they were. This is
due to the majority of our unrestricted fund being
tied up within our freehold property in London.
This is not a concern for the RCPCH as we are a
membership organisation with a very strong cash
flow. We aim to keep reserves relatively low as it is
not financially favourable for the RCPCH to hold
reserves earning a low interest rate whilst holding a
mortgage on its property at a higher interest rate.
During 2010/11 the RCPCH increased its mortgage
payments to service this debt quicker.
Dr. David vickers, Honorary Treasurer
2006 2007 2008 2009 2010 2011
£10
£12
£8
£6
£4
£2
£0
2006 2007 2008 2009 2010 2011
£10
£12
£8
£6
£4
£2
£0
Mill
ion
Mill
ion
Year ended 31 August
Year ended 31 August
normal College activity One off pension liability
18
ACCOUnTs FOR FinAnCiAL PERiOD 1 sEPTEmBER 2010 TO 31 AUgUsT 2011
sTATEmEnT OF FinAnCiAL ACTiviTiEs AUDiT REPORT
The Statement of Financial Activities and Balance Sheet are not the full statutory accounts but are a summary of the information which appears in the full accounts. The full accounts have been audited and given an unqualified opinion. The full accounts were approved by the Trustees on 7 March 2012 to be updated and a copy has been submitted to the Charity Commission and Registrar of Companies. These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the Company. For further information the full annual accounts, including the auditor’s report, which can be obtained from the Company’s offices, should be consulted..
2011 2010 Total TotalinCoMinG ResouRCes £ £incoming Resources from Generated Funds Voluntary income 19,715 106,675Activities for generating funds 260,051 141,605Investment income 34,825 49,065incoming Resources from Charitable activities Assessment 2,978,501 2,858,983Events 380,878 324,348Education and Training 729,903 1,524,170Research and Policy 1,067,757 735,499Members’ subscriptions 3,358,589 3,181,832Publications 1,009,468 951,871Other income 240,244 320,952Total incoming Resources 10,079,931 10,195,000 ResouRCes eXPenDeD Costs of Generating Funds Costs of generating voluntary income 10,943 35,032 Fundraising Trading: Costs of goods sold and other costs 45,775 49,624Charitable activities Assessment 2,240,885 2,545,810 Events 366,559 368,613 Education and Training 1,922,279 2,746,938 Research and Policy 1,905,442 1,136,951 Other professional activities and standards 4,867,080 3,413,474 Governance Costs 40,640 37,999Total Resources expended 11,399,603 10,334,441net Resources expended / net incoming Resources before Transfers (1,319,672) (139,441)Transfer between funds 0 0net Movement in Funds (1,319,672) (139,441)Fund balances brought forward 18,643,294 18,782,735Total Funds Carried Forward 17,323,622 18,643,294
BALAnCE sHEET GRouP 2011 2010 £ £Fixed assets Tangible assets 19,462,493 19,432,073 Investments 2 2 19,462,495 19,432,075 Current assets Stock of Publications and Merchandise - - Debtors 1,248,056 1,007,685 Cash at bank and in hand 4,407,656 4,661,909 5,655,712 5,669,594Creditors: amounts falling due within one year (4,236,881) (2,571,648)net Current assets 1,418,830 3,097,946Total assets less current liabilities 20,881,325 22,530,021Creditors: amounts falling due after more than one year (3,557,704) (3,886,727) net assets 17,323,622 18,643,294 Represented By: unrestricted Funds including Designated Fund 15,834,981 17,048,577Restricted Funds 1,473,786 1,579,862Permanent endowments 14,855 14,855Total Funds of the College 17,323,622 18,643,294
inDEPEnDEnT AUDiTORs’ sTATEmEnT TO THE TRUsTEEs OF THE ROyAL COLLEgE OF PAEDiATRiCs AnD CHiLD HEALTH
We have examined the summarised financial statements of the Royal College of Paediatrics and Child Health for the year ended 31 August 2011, which comprise the Summary consolidated statement of financial activities, and the Summary consolidated balance sheet set out on page 18 which are contained within the charity’s non-statutory summarised Annual Report. The summarised financial statements are non-statutory accounts prepared for the purpose of inclusion in the summarised Annual Report, as explained above.
This statement is made, on terms that have been agreed with the charity, solely to the charity, in order to meet the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2005). Our work has been undertaken so that we might state to the charity those matters we have agreed to state to it in such a statement and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity for our work, for this statement, or for the opinions we have formed.
REsPECTivE REsPOnsiBiLiTiEs OF TRUsTEEs AnD AUDiTORs
The trustees are responsible for preparing the summarised financial statements in accordance with applicable United Kingdom law and the recommendations of the charities SORP.
Our responsibility is to report to you our opinion on the consistency of the summarised financial statements with the full financial statements and the Trustees’ Annual Report. We also read the other information contained in the summarised Annual Report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the summarised financial statements.
We conducted our work in accordance with Bulletin 2008/3 issued by the Auditing Practices Board.
OPiniOn
In our opinion the summarised financial statements are consistent with the full annual financial statements and the Trustees’ Annual Report of the Royal College of Paediatrics and Child Health for the year ended 31 August 2011.
For and on behalf of Kingston Smith LLP, Statutory Auditor, Chartered Accountants and Registered Auditors, Devonshire House, 60 Goswell Road, London EC1M 7AD
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How you Can HelP
The RCPCH is a charity and needs to raise money to
enable us to secure a healthier future for children
and young people.
Together we can radically advance the standard of
healthcare for children and young people, both within
the UK and worldwide.
Every pound you give will help us realise our vision
of a healthier future for children and young people.
MAKE A DONATION
By making a donation towards our work you will be
investing in the future of children and young people.
This could be made as a straightforward donation, as
a gift in memory of a loved one, or in recognition of a
colleague who has made an important contribution in
his or her field.
If you are a UK tax payer, you could sign a Gift Aid
Declaration to make your gift worth 25% more at no
extra cost to you. Please let us know if you would like
to discuss Gift Aid or other ways to give tax effective
donations to the RCPCH.
We also value donations through charitable trusts and
foundations, in support of a range of projects that have
a positive impact on the health outcomes for children
and young people.
EDUCATION CENTRE APPEAL
The RCPCH’s Education Centre will cost £5 million
and we urgently need financial support towards this.
Your support of this appeal will demonstrate your
commitment to our mission of transforming child health
through knowledge, innovation and expertise.
EVENT SPONSORSHIP
We can discuss a partnership tailored to your corporate
objectives and which supports the work of the
Education Centre. There are also opportunities to
work with the RCPCH to support a whole range of
educational and research programmes.
LEGACIES
Leaving a gift in your will towards our work, whether
large or small, is a kind and thoughtful gesture that will
ensure your support is able to help future generations
of children.
Fundraising
GeT in TouCH
If you would like to find out more about the
RCPCH’s fundraising work, please contact
Karen Ruskin, Head of Fundraising,
at [email protected] or visit
www.rcpch.ac.uk/fundraising
Royal College of Paediatrics and Child Health
Annual Report 2011
Copyright© 2012
Royal College of Paediatrics and Child Health
Further copies available on request –
contact [email protected]