RCPCH Annual Report 2011

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.

Contents From the President

02

From the CEO

04

Child health

06

Setting and raising standards

08

Membership

10

Sustainability

12

People

14

Finance

16

Fundraising

20

02

From the President This 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.

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 opinionformers. 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.

Professor Terence Stephenson, President

03

I have been engaged with raising the profile of

revalidation. Despite these and other new developments

children’s health in a number of ways during my

at the College, I am pleased that we have been able to

Presidency. I have been a member of the GMC’s major

keep increases in member subscriptions significantly

new review on child safeguarding, Protecting children

below Consumer Price Index (CPI) inflation, as I

and young people: the responsibilities of all doctors.

promised in my original manifesto.

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.

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

We have always been engaged in providing education

which he and the journal are held that he has gone on

courses and material of the highest quality. In 2012

to be Editor of the Journal of the American Medical

our Annual Conference will be held in Glasgow for

Association. Howard’s successor at ADC is Dr Mark

the first time. In 2013 it will again return to Glasgow

Beattie, and we have great hopes for the development

but combined with the two-yearly Europaediatrics

of the journal under his leadership.

conference. I am extremely pleased that the Collegesponsored bid for 2013 was able to secure the first Europaediatrics conference in the UK.

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

We have also launched a much wider portfolio of

Head of International Operations, Justin Thacker.

courses throughout the year, building on the success of

At the same time we have also expanded the number

courses such as Child Protection: From Examination to

of countries in which we run the College’s exams. The

Court. The new “How to Manage…” series offers a range

introduction of our MRCPCH to India is a major step

of short courses aimed at different paediatric

forward and I hope that many other countries’ doctors

specialties such as allergy or nutrition, and we are keen

will find it useful to work towards this clinically rigorous

to expand its range.

and well-tested exam. As a local trainee told the

However, the work of establishing these courses has brought home to us how much wider the reach our

Egyptian Minister of Health, “preparing for this exam has improved my care of Egyptian children”.

education provision could be if we were to have

The central theme to all of these developments, of

purpose-built facilities. Accordingly, we have launched

course, is improving the healthcare offered to children.

a major new appeal to build an Education Centre, with

The expertise of our members is our indispensable

state-of-the-art facilities that will permit distance as

asset in doing this. I am enormously grateful to all

well as in-person learning throughout the UK and with

those members who give freely of their time to support

global reach. Our Patron, HRH the Princess Royal, at a

our work – whether it be in examinations, responding to

reception at St James’ Palace in March 2012, formally

consultations, or serving on committees.

launched the appeal.

My time as College President has been a great privilege.

In the meantime, we have also been working on

I have had the chance to meet a wide range of members,

infrastructure projects that will deliver better services to

and I hope that we have been able to respond to their

our members and other stakeholders. For instance, we

concerns more fully than ever before. I have also been

launched a new College website in April 2011. Apart from

able to rely on superb support from the College staff, led

having a refreshed design, it allows much more

since 2010 by Chris Hanvey. I am sure that my successor

interactivity and personalisation for members. The

Hilary Cass will take the College forward in proactive

College’s web presence will become increasingly

and innovative ways. My very best wishes to all of you.

important as we move towards the implementation of

04

From the CEO No 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

As you read through this Annual Report, I hope you

been completed. We have recruited to all the posts

will see both what we have accomplished in each of

originally envisaged. The RCPCH is now organised

these areas and what our ambitions are for the future.

into four divisions: Communications, Corporate

As the President says in his report, a great deal has

Services, Education and Training, and Research and

been achieved in the last few years. I am very grateful

Policy. As a result of the restructuring, we have new

to RCPCH staff old and new for their commitment and

functions to deliver international work, public affairs

hard work. But I would not wish to seem complacent

and campaigning. But at the same time, we should

about the achievements of the last year. The RCPCH

acknowledge the everyday, vital work of the Education

Plan makes clear that we have many new challenges

and Training and Research and Policy divisions who are

to face if we are to become a truly responsive and

at the heart of the RCPCH’s existence. We also have a

effective organisation in our field. Responsive, first and

much improved Human Resources and Organisational

foremost to members, but also to funders, political

Development team. This last change is crucial in ensuring

administrators in the four nations and the wider world

that one of our goals is met: allowing all the RCPCH’s

of medical education and training. We are focussed,

staff to perform as well as possible, and embedding

above all, on the RCPCH’s central goal: that everything

a robust culture of performance management in

it does should provide the greatest possible benefit

everything we do. That is why we now have a series

for children’s health.

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

Dr Chris Hanvey, Chief Executive Officer

06

Child health

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.

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.

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.

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

2010 – 2011 Achievements

of which bids were successful to the Department for

n

aunch of Intercollegiate safeguarding L competences, September 2010

n

xpansion of “Medicines for Children” E leaflet programme

n

aunch of “HeadSmart” campaign to promote L brain tumour awareness

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

2011 – 2012 Targets n

ecure the engagement of children, young S people and families

n

Raise the RCPCH’s profile in the media by 10% each year

n

I mprove safety in paediatric healthcare and reduce preventable child deaths

n

aise awareness and influence behaviours of R business, government, parents and children

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.

08

Setting and raising standards

Goal: Ensure high standards of evidence-based training, assessment, education, clinical practice and service provision.

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:

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

Defining the competences required for trainees at

improved and the RCPCH review of the ARCP processes across

various levels of their career progression.

the deaneries including the introduction of a new trainers report.

The RCPCH ran a significant number of education projects across

Providing online tools (ASSET and E-portfolio)

the UK including nutrition courses, safeguarding courses, practice

by which trainees can monitor their progress.

educators programme, international courses and e-learning modules.

n

Examining the achievement of competences in child

n

Supporting Quality Improvement through the

health through the MRCPCH and DCH examinations.

development of quality indicators and building on

the commendation by the General Medical Council

n

Running a Continuing Professional Development

for the quality framework submitted by the College.

programme for UK paediatricians.

The RCPCH recognised an opportunity for improvements to work

Delivering a comprehensive Clinical Standards

streams and services and engaged in a whole systems approach to

programme to ensure that paediatricians have

changing them with a focus on efficiency, the products and

access to the latest evidence based resources

outcomes, and teamwork.

in the field.

n

To develop ‘Policy Briefings’ on a minimum of 5 key

n

Delivering a portfolio of courses and events to

issues over a 12-month period to enhance the

support these standards, including the flagship

influence of RCPCH in the wider policy arena.

Annual Conference each spring.

n

n

n

The RCPCH submitted a total of 41 consultation responses, which

influenced policy, including the Health and Social Care Bill, and

Over the last year, the RCPCH has greatly expanded

standards on areas such as child protection, public health and

the range of courses it offers, including a new “How to

service delivery. We also produced five comprehensive policy

Manage…” series.

bulletins for clinical leads, one formal position statement on

breastfeeding and a draft position on obesity. We also delivered five

In the coming year, major challenges will include the

successful policy breakfast events for high-level key stakeholders.

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.

2011-12 TARGETS n T o

set, monitor and improve the standards for

Other notable achievements during the financial

training in the clinical practice of the children’s

year include:

healthcare workforce

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.

n A ssist

the paediatric workforce to develop

competence to deliver children and young people’s services n P ublish

7 key resources each year to support

practioners to improve practice and deliver high quality care

10

Membership

Goal: Develop and deliver a high quality service for Members.

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

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.

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

“The RCPCH’s new website, launched in April 2012, provides increased facilities for our members.”

tailored far more to the needs of specific sections of the membership.

2011-12 targets n S ecure

additional income through a targeted

fundraising campaign n D eliver

a high quality service to members

n I ncrease

Associate membership and

overseas membership n

E xpand the IT website capabilities for members

12

Sustainability Goal: Protect, utilise and develop all the assets of the College.

At the same time, we will increase and diversify income streams.

13

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.

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.

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

“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.”

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

2011-12 targets n G enerate

at least £500,000 of grant funding

by 2014

for concerns about child health.

n I ncrease

RCPCH reserves

Further 2012 projects which will support this goal include

n I ncrease

candidate numbers entering

a drive to increase the RCPCH’s reserves and enhance the net income derived from its research and policy activities.

MRCPCH and/or DCH Examinations n I ncrease

net income from research and

policy activities

14

People

15

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.

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

RCPCH Leadership Development Programme Brochure

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.

2011-12 targets n D evelop

and implement an action plan

for the RCPCH to be regarded as an employer of choice n I mplementation

of a Leadership Development

Programme and Performance Management Framework for the RCPCH

16

Treasurer’s Report 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

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 A ssessment

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

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

income increased by 4% to £3.0m, whilst

hosting a number of training events. Expenditure is broadly in line with last year.

scheme which the RCPCH has decided to withdraw from as we have been unintentionally in breach for

n

Restricted income is marginally higher then 2009/10

many years of the original terms agreed in the 1970s.

at £1.3m.

The cost to the RCPCH is £1.3m and has been

n

Cash balances remain strong at £4.4m.

accounted for within the figures presented for 2010/11.

n

The finance department has reconfigured the finance

system to improve financial reporting.

not threaten the long-term goals and vision of the

n

Our mortgage debt has reduced by £0.3m during the

RCPCH. The RCPCH has a very healthy balance sheet,

financial year, this is ahead of schedule and double

a strong cash flow and preliminary terms have already

the previous financial year.

been agreed with our bankers to extend the mortgage

n

Three-year Corporate Services strategy approved.

Whilst these financial issues are significant they will

should the VAT debt arise.

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 (rcpchtreasurer@gmail.com) or David Howley (david.howley@rcpch.ac.uk), Director of Corporate Services.

17

INCOME The RCPCH has achieved income in excess of £10m

Designated income has fallen by £0.3m as a result of

for the financial year 2011/12. This income is similar

one significant donor in the previous financial year.

to the previous financial year and shows stability within the RCPCH’s financial activity. The graph

£12

shows trends over a six-year period.

£10

Within our general fund, income has increased by by 4% to £1.3m. An increase in restricted income is

Million

2% to £8.7m and restricted income has increased

£8

£6

£4

very positive especially given the external market where the availability of securing income has

£2

contracted significantly in the last twelve months.

£0 2006

2007

2008

2009

2010

2011

Year ended 31 August

EXPENDITURE Expenditure for the year is £11.4m, an increase of

directly comparable. However, reviewing jointly,

£1.1m from 2009/10. The reason for this increase

expenditure in 2009/10 is broad the same

is a one-off pension liability cost of £1.3m.

as 2010/11.

Excluding this from the calculation would result in expenditure being £0.2m lower than 2009/10.

Normal College activity

£12

The graph shows the trend over the six years.

One off pension liability

£10

The RCPCH is pleased how well expenditure £8

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

Million

has been controlled during the year especially

£6

£4

£2

within Education and Training and Policy and Research. This is a result of these divisions being restructured during the year so they are not

£0 2006

2007

2008

2009

2010

2011

Year ended 31 August

RESERVES Reserves for the RCPCH are £17.3m, a reduction of

This is not a concern for the RCPCH as we are a

£1.3m. The reserves are predominantly unrestricted

membership organisation with a very strong cash

funds, totalling £15.8m, with restricted funds

flow. We aim to keep reserves relatively low as it is

accounting for £1.5m.

not financially favourable for the RCPCH to hold

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.

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

18

ACCOUNTS FOR FINANCIAL PERIOD 1 SEPTEMBER 2010 TO 31 AUGUST 2011

STATEMENT OF FINANCIAL ACTIVITIES

AUDIT REPORT

2011 2010

Total Total INCOMING RESOURCES £ £ Incoming Resources from Generated Funds Voluntary income 19,715 106,675 Activities for generating funds 260,051 141,605 Investment income 34,825 49,065 Incoming Resources from Charitable Activities Assessment 2,978,501 2,858,983 Events 380,878 324,348 Education and Training 729,903 1,524,170 Research and Policy 1,067,757 735,499 Members’ subscriptions 3,358,589 3,181,832 Publications 1,009,468 951,871 Other income 240,244 320,952 Total 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 49,624 Charitable 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 37,999 Total Resources Expended 11,399,603 10,334,441 Net Resources Expended / Net Incoming Resources before Transfers (1,319,672) (139,441) Transfer between funds 0 0 Net Movement in Funds (1,319,672) (139,441) Fund balances brought forward 18,643,294 18,782,735 Total Funds Carried Forward 17,323,622 18,643,294

Independent Auditors’ statement to the Trustees of the Royal College of Paediatrics and Child Health

BALANCE SHEET

GROUP

2011

£ Fixed Assets Tangible assets 19,462,493 Investments 2

19,462,495

Current Assets Stock of Publications and Merchandise - Debtors 1,248,056 Cash at bank and in hand 4,407,656

5,655,712 Creditors: Amounts falling due within one year (4,236,881) Net Current Assets 1,418,830 Total Assets less current liabilities 20,881,325 Creditors: Amounts falling due after more than one year (3,557,704)

2010 £ 19,432,073 2 19,432,075

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

1,007,685 4,661,909 5,669,594 (2,571,648) 3,097,946

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

22,530,021

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 Net Assets 17,323,622 18,643,294 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 Represented By: Commission and Registrar of Companies. These summarised accounts Unrestricted Funds including may not contain sufficient information to allow for a full understanding of Designated Fund 15,834,981 17,048,577 the financial affairs of the Company. For further information the full annual Restricted Funds 1,473,786 1,579,862 Permanent Endowments 14,855 14,855 accounts, including the auditor’s report, which can be obtained from the Total Funds of the College 17,323,622 18,643,294 Company’s offices, should be consulted..

(3,886,727)

19

20

Fundraising 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.

Event sponsorship We can discuss a partnership tailored to your corporate objectives and which supports the work of the

Together we can radically advance the standard of

Education Centre. There are also opportunities to

healthcare for children and young people, both within

work with the RCPCH to support a whole range of

the UK and worldwide.

educational and research programmes.

Every pound you give will help us realise our vision of a healthier future for children and young people.

Legacies Leaving a gift in your will towards our work, whether

Make a donation By making a donation towards our work you will be

large or small, is a kind and thoughtful gesture that will ensure your support is able to help future generations of children.

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.

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 karen.ruskin@rcpch.ac.uk 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 publications@rcpch.ac.uk