THE RCN FOUNDATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -14.8%

  £1,401,000 → £1,193,000

• Cash

  -50%

  £802,000 → £401,000

• Net assets

  +7.3%

  £37,436,000 → £40,153,000

• Employees

  —

  Not reported

• Operating profit

  -108.7%

  -£368,000 → -£768,000

• Profit before tax

  +45.9%

  £1,862,000 → £2,717,000

• Wages

  +7.2%

  £656,000 → £703,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

FRS 102 (Charities SORP)

Abridged

Yes — abridged accounts (limited disclosure)

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

• “Launched new strategy Ignite, Inspire, Aspire for 2024-28 to transform lives.”
• “Provided 576 benevolent grants (£206,000) and 122 education grants (£183,000) to individual nursing and midwifery staff in 2024, with demand for education grants growing by 68%.”
• “Commissioned an exploratory study into the experiences of nurse, midwife and healthcare support worker survivors of domestic violence and abuse.”
• “Launched learning disability grants programme, Inclusive Health, in March 2024, funding studies on economic value of learning disability nursing, health inequality, urgent care and access to practice placements.”
• “Appointed Professor Claire Pryor as RCN Foundation Chair in Adult Social Care Nursing at the University of Salford, the first position of its kind in the UK.”
• “Commissioned a mixed method research study to explore the experiences of internationally educated nurses and midwives working within London North West University Healthcare NHS Trust.”
• “Affirmed commitment to the establishment of the Centre for Compassionate Leadership in Nursing and Midwifery, with detailed operational work planned for 2025.”
• “Approved the Foundation's first Sustainability and Environment Policy, committing to continuous improvement in actions to decrease environmental impact.”
• “Set to celebrate 15th anniversary in 2025 with a series of activities and initiatives.”
• “Launched a new signposting hub in January 2024 to provide an efficient, comprehensive resource for support on mental health, housing, finance and addiction.”
• “Launched a new partnership with ShinyMind, a co-created mental health and wellbeing app free for nursing and midwifery staff across the NHS.”
• “Awarded a total of 7 research and innovation grants totalling £974,895 in 2024.”
• “Transferred the majority of its investment portfolio to new investment manager, Legal & General Investment Management, in December 2024.”
• “Launched a new Fundraising Strategy in 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.