THE RCN FOUNDATION
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Cash
£647k
+61.3% vs 2024
Net assets
£44m
+9.8% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£3.9m
+45.3% highest in 3 filed years
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £1,401,000 | £1,193,000 | — | — | |
| Operating profit | -£368,000 | -£768,000 | — | — | |
| Profit before tax | £1,862,000 | £2,717,000 | £3,947,000 | +45.3% | |
| Net profit | £1,862,000 | £2,717,000 | £3,947,000 | +45.3% | |
| Cash | £802,000 | £401,000 | £647,000 | +61.3% | |
| Total assets less current liabilities | £37,483,000 | £40,180,000 | £44,100,000 | +9.8% | |
| Net assets | £37,436,000 | £40,153,000 | £44,100,000 | +9.8% | |
| Equity | £37,436,000 | £40,153,000 | £44,100,000 | +9.8% | |
| Average employees | — | — | — | — | |
| Wages | £656,000 | £703,000 | £757,000 | +7.7% | |
| Directors' remuneration | — | — | — | — | |
| Directors' pension contributions | £11,585 | £12,447 | £13,226 | +6.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -26.3% | -64.4% | — | |
| Net margin | 132.9% | — | — | |
| Return on capital employed | -1.0% | -1.9% | — | |
| Gearing (liabilities / total assets) | 1.6% | 1.1% | 1.2% | |
| Current ratio | — | 6.45x | 5.87x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK GAAP (Charities SORP)
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The board is of the opinion that the sustainability and viability of the business as a going concern are not threatened. Therefore, it is not appropriate to modify the key assumptions and judgments while preparing the financial statements for the business. The RCN Foundation is considered to have sufficient resources to meet its obligations as they fall due for at least 12 months after the signing of the financial statements.”
Significant events
- “In 2025, the RCN Foundation awarded 621 hardship grants (2024: 576).”
- “In March, the Foundation launched its first Quality Improvement (QI) Project grants programme. The total budget for the grants programme was £25,000.”
- “In October, a second new initiative was launched, the RCN Foundation Post Doctoral Research Bridging Fellowship. Three Fellowships were awarded in 2025.”
- “A key risk that remained elevated in the RCN Group risk register was an inadequate CRM system. ... the Foundation began the process of procuring a new CRM system. A new system is expected to be in place by late 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BICKLEY, Fiona | Director | 2024-10-01 | Jun 1968 | British |
| CUMMINGS, Jane Frances | Director | 2019-05-01 | May 1961 | British |
| DIX, Gregory James | Director | 2021-09-01 | Sep 1970 | British |
| HOAD, Alison Claire | Director | 2022-08-01 | Apr 1968 | British,Irish |
| HULL, Gordon Robert | Director | 2018-03-13 | Dec 1967 | British |
| JALECO, Cristy Belle | Director | 2023-09-01 | Dec 1993 | Filipino |
| KIRMOND, Moya Kate | Director | 2018-03-13 | May 1989 | British |
| MCARDLE, Charlotte Theresa, Professor | Director | 2018-06-01 | Feb 1968 | Northern Irish |
| OLDMAN, Crystal Elizabeth, Dr | Director | 2025-09-01 | Mar 1959 | British |
| OSIJO, Anthony Joseph Olufemi | Director | 2021-09-01 | Oct 1968 | British |
| POLLARD, Maria Alice, Dr | Director | 2024-01-01 | Apr 1965 | British |
| STURDY, Deborah Ann, Professor | Director | 2025-11-01 | Aug 1963 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Jenifer Alma | Director | 2009-09-22 | 2011-10-26 |
| CANTRELL, Elizabeth Jane | Director | 2021-09-01 | 2025-08-31 |
| CARTER, Helen Ann | Director | 2010-07-25 | 2017-02-18 |
| COLYER, John Stuart, Judge | Director | 2010-07-25 | 2017-01-17 |
| COWARD, Sarah | Director | 2010-07-25 | 2013-07-15 |
| DEAKIN, Catherine Diana | Director | 2021-09-01 | 2024-02-29 |
| DUNKLEY-BENT, Jacqueline, Professor | Director | 2019-12-01 | 2023-05-31 |
| EVANS, Carol | Director | 2011-11-10 | 2013-10-01 |
| FERN, Susan | Director | 2011-11-10 | 2012-10-22 |
| FRAME, Eileen Maria | Director | 2010-07-25 | 2011-10-26 |
| HICKS, Claire Elizabeth | Director | 2010-07-25 | 2015-10-15 |
| HUNTER, Stacey Louise | Director | 2010-07-25 | 2011-10-26 |
| JEEVES, Claire | Director | 2014-01-16 | 2018-01-15 |
| JONES, David, Mr | Director | 2014-07-09 | 2022-07-31 |
| LAMBERT-FORSYTH, Rachel Melanie Claire | Director | 2018-06-01 | 2025-10-31 |
| LEARY, Alison, Professor | Director | 2014-10-08 | 2017-10-18 |
| LLEWELLYN, Denise Katherine | Director | 2017-03-14 | 2020-12-31 |
| MACDONALD, Sally Helen Hunt | Director | 2014-07-09 | 2016-08-03 |
| MARTIN, Vanessa | Director | 2014-07-09 | 2018-11-30 |
| MCCOURT, Kathleen, Professor | Director | 2009-09-22 | 2011-10-26 |
| MILES, Jane Wendy | Director | 2010-07-25 | 2014-09-08 |
| NORRIS, Ian Charles | Director | 2011-11-10 | 2019-12-31 |
| PATEL, Atulkumar Bhogilal | Director | 2018-04-01 | 2021-08-31 |
| PEARSON, Nicholas | Director | 2010-07-25 | 2018-09-30 |
| PERRY, Christine Margaret | Director | 2015-10-15 | 2023-10-31 |
| PIERCY, Christopher | Director | 2011-11-10 | 2015-01-09 |
| PIPER, Richard Charles, Dr | Director | 2014-07-09 | 2017-10-16 |
| SILLS, Eileen | Director | 2013-05-28 | 2015-09-22 |
| SIMMONS, Sylvia | Director | 2014-01-16 | 2017-12-31 |
| SOWNEY, Robert | Director | 2009-09-22 | 2019-01-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-20 MA Memorandum articles
- 2024-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-12-22 | CH01 | officers | Change person director company with change date | |
| 2025-12-02 | CH01 | officers | Change person director company with change date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2024-11-20 | MA | incorporation | Memorandum articles | |
| 2024-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-01 | CH01 | officers | Change person director company with change date | |
| 2024-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-28 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.