Royal Charter
This is a document issued by the monarch, which has the effect of
creating a legal entity, similar to a limited company but reporting to
the Privy Council rather than Companies House. RPS was established by a
Royal Charter in 1843, which was amended in 2010 when RPS demerged from
GPhC. You can read our current Charter on the website.
Privy Council Office
The Privy Council Office represents the monarch’s public duties in
various ways including the exercise of the administration activities
around Royal Charters. They are the official office that will deal with
RPS’s proposals to change our Royal Charter.
Charity Commission
The Charity Commission is the government body that reviews and grants
applications for charitable status and checks that registered charities
deliver their charitable objectives for the public good.
OSCR
OSCR is the Office of the Scottish Charity Regulator, which performs the same function of the Charity Commission in Scotland.
Charity
A charity is an organisation that exists to advance the public benefit
in some way. It is usually an independent legal entity with a
constitution (for example, a Royal Charter) that specifies its
‘charitable objectives’. A charity is run by a ‘Board of Trustees’, who
are volunteers who safeguard the charitable objectives and ensure that
the charity’s funds are all applied towards achieving those objectives.
A charity can have a structure with multiple levels of involvement and
engagement including advisory boards and members as long as this
advances a wider public benefit.
Charities are regulated (see above) and must comply with clearly defined governance and financial reporting requirements.
Trading subsidiary
A trading subsidiary is a company incorporated through Companies House
where its shares are owned by the parent charity. It has its own ‘Board
of Directors’ who make day to day decisions about operational and
strategic direction, and usually at least one Director comes from the
parent charity.
Although operationally independent, the profits from the trading
subsidiary are given back to the parent charity and the trading
subsidiary usually also has an agreement with the parent charity about
using things like shared staff, premises, payroll services etc. A
trading subsidiary can do things that don’t technically advance the
parent charity’s public benefit, like selling products and services or
advertising, but which make profits that the charity can then use for
those charitable purposes.
Royal College
A Royal College is an organisation incorporated by a Royal Charter that
has been permitted to call itself a Royal College with the permission of
the Privy Council and the approval of the Monarch. Health and medical
Royal Colleges are professional leadership bodies that typically focus
on education, assessment and credentialing and on continuing
professional development, as well as the setting of standards and
guidance and advocating for the benefit of the public, patients and the
profession.
Professional leadership body
Champions and advances a profession or discipline, elevating
professional standards, promoting professional development, setting
ethical guidelines and advocating through policy and practice changes.
Eg, RPS, health and medical royal colleges
Trade union
Represents the interests of a specified group or groups of workers
regarding employment rights and promotes the interests of the workers it
represents through collective bargaining. (In pharmacy this would
include PDA, GHP)
Trade body
Also known as a trade association, business association, or industry
body, is an organisation founded and funded by businesses that operate
in a specific industry. (In pharmacy this would include NPA, CCA)
Regulator
‘Regulator’ is a defined term in the Professional Qualifications Act. Regulators
carry out a range of functions in relation to the professions they
regulate, including making sure individuals have the necessary
qualifications and/or experience to practise the profession and taking
any necessary enforcement action. In pharmacy the regulator is the GPhC
and is
responsible for setting and enforcing standards of practice to protect
the public by overseeing pharmacy professionals' conduct and
competence. In pharmacy membership of the regulator GPhC is compulsory for both pharmacists and pharmacy technicians.
Negotiating body
Focuses on negotiating contractual terms of service (normally with government.
In pharmacy the negotiator for the community sector is country-specific
CPE, CPW, CPS