2023 IMPACT & ANNUAL REPORT Protect Speak up. stop harm Protect {Whistleblowing Advice) Limited is a registered Charity No.1025557. Registered office at The Green House, 244-254 Cambridge Heath Road. London E2 9DA. Registered as a Company limited by guarantee in England No. 2849833.
Protect is the UK'S leading whistleblowing charity. Since 1993, Protect has provided a free confidential legal advice line service for whistleblowers, taking around 3,000 cases per year and advising- in total - more than 50,000 whistleblowers. This experience gives us a unique insight into the barriers too many whistleblowers face. From the outset, we have also worked with employers to improve their whistleblowing arrangements as this is the most effective way to improve whistleblowing culture in the United Kingdom. ooo Proteci Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557
Contents Chief Executive's introduction Our Year in numbers Celebrating 30 years of Protect 9-12 Supporting whistleblowers with legal advice 13-15 Helping businesses to better respond to whistleblowing 16-17 Policy and research 18 Protect in the media 19 Thank you to our funders and partners 20 Annual report and financial statements Reference and administrative details 21 22 Financial review 23 Structure, governance and management Statement of trustees, responsibilities Independent auditor's report Statement of financial activities 24 26 30 31 Statement of financial position Consolidated cash flow statement 32 33 Notes to the financial statements Proteci Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 03
Introduction I, 2023 was a hugely significant year in the history of Protect as we marked our 30th anniversary and looked back on all we have achieved. While we can feel justifiably proud of reaching this milestone and helping to set the whistleblowing agenda across the UK, based on the volume of calls to our Advice Line, our services are needed more than ever, and the legal framework is desperately out of date and in need of reform. We contributed to the Solicitors Regulation Authoritys (SRA) guidance for in-house lawyers, the Legal Services Board's call for evidence of Non-Disclosure Agreements and the Infected Blood Inquiry. Our evidence was also quoted in weighty investigative reports by the National Audit Office into whistleblowing in the civil service and the Parliamentary Treasury Committee's Inquiry into Sexism in the City. Additionally, we helped a number of whistleblowers obtain judgments which clarified issues of law. particularly around worker status, thus providing further protection for some groups of whistleblowers. 2023 saw a sharp increase in calls of 23%. fuelled in part by the general rise in awareness of whistleblowing and longtail impact of the MeToo and BLM movements. Whistleblowing is now a mainstay of the media landscape, with coverage of the Fishrot scandal- encompassing wide-scale corruption and environmental damage - and cases enveloping the civil service garnering attention. The year was however dominated by the Lucy Letby case and the outrage that doctors had raised the alarm early and been ignored by their managers. An inquiry into the tragic deaths and the hospital's culture has started and we will be providing evidence, but it is devastating for all involved to know that whistleblowers spoke up at least eight months before Letby was removed from work. In 2023 the government launched a review of the whistleblowing framework for England, Wales and Scotland. With the Public Interest Disclosure Act 1998 now 25 years old we have been calling for reform for several years to ensure legal protections better reflect the modern working landscape. We submitted extensive evidence and joined roundtables to inform the discussion while continuing to use every opportunity to put our key policy changes in front of the Minister leading the review and MPS with influence. As an expert voice in the whistleblowing sector, we continue to sit at the vanguard of legal and policy thinking, to speak at leading legal and sector events, and we are sought out to provide opinion and perspective in both policy and legal matters. Last year we held a day-long conference to celebrate our anniversary, bringing together whistleblowers, journalists, employers, trade unions, lawyers, MPS, and other expert commentators from the UK and across the world. Protect Iwhistleblowing Advice} Limited Company Number.. 02849833 Charity Number 1025557 04
Introduction continued Our Mission Our aim has always been to promote ethical standards of conduct in the workplace, and 2023 was no different, with a year of extensive training, consultancy and activity to connect, inform and support our membership base. We worked with 25 companies to complete our industry-leading benchmark and scanner assessments helping them to strengthen their whistleblowing practices. Throughout this year we have, as always, benefitted from the support of generous and like- minded partners, volunteers, trustees and staff at Protect. We would like to give a special acknowledgement to our funders: The Joseph Rowntree Charitable Trust, A B Charitable Trust and Thejoffe Charitable Trust. We are extremely grateful for their ongoing involvement, encouragement and their steadfast belief in creating a world where no whistleblower goes unheard or unprotected. In 2023 we welcomed Lucy McLynn as Board Chair. Lucy is an experienced employment lawyer and expert adviser to charities. We look forward to our next thirty years with optimism that speaking up to stop harm becomes a normal and valued activity, and that whistleblowing is recognised for its vital contribution to accountability and upholding the rule of law. Our aim is to protect the public interest by helping workers to speak up to stop harm and wrongdoing. We support whistleblowers by providing free and confidential legal advice. We support employers to implement effective whistleblowing arrangements. We campaign for legal and policy reform to better protett whistleblowing. We want a world where no whistleblower goes unheard or unprotected. Public Benefit When setting our objectives and planning all our activities the Trustees have considered the Charity Commission guidance on public benefit. Through the attivities described above we promote the role of whistleblowing in furthering organisational accountability, individual responsibility, and public confidence. All our activities help to promote the public interest and are for the public good in that they protect the interests of citizens, consumers, patients, regulators, shareholders, taxpayers and the vulnerable, both individually and collectively. Our Values Supportive Collaborative Expert Independent Elizabeth Gardiner. Chief Executive Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557 05
Our year in numbers Advice Line Online Impact Business Policy 3,407 34% &M 50+ New cases- up 230A) on 2022 Increase in unique visitors to our website from 2022 Estimated number of staff reached Mentions in the press 19,855 26% ?95 21 Interactions (email & phone calls)- up 530h on 2022 Increase in Webpage views from 2022. Employers are Protect Members Submissions to consultations/ Parliamentary Inquiries/Public Inquiries 44% Of callers have an annual income of £30,000 or under Increase in Linkedln followers of training participants said they were likely or very likely to recommend Protect Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557 06
Celebrating 30 Years of Protect The world of whistleblowing has changed drastically and dramatically in the past thirty years. Looking back at 1993 when Protect was founded (as Public Concern at Work) whistleblowing was a dirty word - people who spoke up at work were described as snitches and sneaks. The image of whistleblowers has taken a full 180 degree turn, going from zero to hero, and this has only been amplified with recent high profile cases showcasing the power of speaking up and the consequences of not listening to whistleblowers when they do (the Lucy Letby case at the Countess of Chester Hospital will stay in the public consciousness for generations to come). Despite a steep improvement in how whistleblowing is perceived today compared with 1993, we know that too many whistleblowers still face a difficultjourney in raising concerns, and too many employers find it easier to shoot the messenger than heed the message about risks and harms. For our anniversary year we chose to pause and reflect and look forward at where our energies can be best spent. As well as bringing together the alumni of Protect staff and supporters past and present, we held a landmark whistleblowing conference to create a space for knowledge sharing, collaboration, and inspiration. It brought together a remarkable community of Over the past 30 years, we have helped more individuals- whistleblowers, legal experts, than 50,000 individuals seeking to speak up to industry leaders, advocates, journalists and stop harm and worked with thousands of concerned citizens- all committed to upholding employers to help them create more truth, justice and accountability. The day served transparent, safe and supportive environments. as an incredible reminder of our achievements We have changed the law- helping to draft the to date and power of people to bring lasting and Public Interest Disclosure Act 1998 and effective change. successfully lobbying for amendments- and we have intervened in landmark court cases on matters of public policy. Thanks to the efforts of our founders, trustees, Council members, staff, volunteers and generous supporters we have made a significant difference both to whistleblowers and to whistleblowing. We are ambitious for the decades ahead and aim to continue to provide advice to individual whistleblowers so that they can safely and effectively raise concerns, and guidance to employers to foster positive workplace cultures. Whistleblowing is a public good, leading to greater accountability and stopping harm. Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557 07
History of Protect 1993 1995 Protect (then Public Concern at Workl is established as a charity to provide legal advice and encourage best practice. The Committee on Standards in Public Life (the Nolan Committee) backs Pcaws approach: unless public servants feel able to raise whistleblowing concerns openly. they stay silent or leak information anonymously, fuelling the culture of sleaze. 1998 The UK passes ground-breaking whistleblowing law the Public Interest Disclosure Act. 2000 Pcaw runs a pilot project for sixth form students116-18-year-oldsl addressing accountability and social responsibility as part of citizenship lessons. 2003 The Pcaw Policy Pack, helping organisations develop effective internal whistleblowing mechanisms is fully updated alongside a revised copy for UK healthcare providers. 2013 2013 Mid Staffs Hospitals disasters - major inquiry establishes SUG (Freedom to Speak Up Guardian system in the NHSI. Pcaw contributes key evidence to this inquiry. Pcaw establishes a Whistleblowing Commission which publishes the Whistleblowing Code of Practice. The final report leads to the introduction of reportir)g duties on regulators. 2013 Vicarious Liability for employers and -public interesy, test added by Enterprise and Regulatory Reform Act. 2014 Pcaw successfully intervenes for the first time in a whistleblowing case. Bates van Winkelhof, at the Supreme Court. 2016 In response to the financial crisis the FCA (Financial Conduct Authority) takes up Pcaw's recommendation making whistleblowing policies mandatory for the sector. 2018 The Whistleblowing Benchmark is launched. Pcaws whistleblowing service allows large organisations to evaluate their whistleblowing frameworks. 2019 On April 16, the EU IEuropean Union) Whistleblowing Directive is pa55ed. The EU legislation follow5 campaigning by the Whistleblowing International Network IWINI, of which Protect is proud to be a co-founder. 2018 Pcaw rebrands and becomes Protect. 2020 2021 Lockdown commences. surfacing a multitude of whistleblowing concerns. Protect advises its biggest ever number of callers in this year. Protect is highly commended for'Excellence in Upholding the Rule of Law, by the Law Society. 2023 Protert turns 30. having advised around 50.000 whistleblowers since 1993. and celebrates with The Future of Whistleblowing conference. We await the outcome of the current government review of the whistleblowing framework. Protect Iwhistleblowing Advice) Limited Company Number. 02849833 Charity Number 1025557 08
In 2023, Protect significantly impacted the lives of thousands of whistleblowers by providing practical and legal advice on how to raise workplace concerns safely and effectively. Supporting whistleblowers with legal advice Our team of advisers worked on 3047 total new cases, a rise of 23(X) on 2022. Many of our cases require ongoing sUPPOrt, and over the course of 2023 our team managed 19.855 interactions (emails and calls). up from 12,961 in 2022. The majority of calls came from the private sector (42%) with a just under a quarter from the public Not for profit (24) and charity (2396) sectors. Calls came from 23% every kind of industrylprofession with most calls from health and social work (3096), education {15%) and financial services17%). Health and social work saw the biggest rise, with calls jumping by 48% between 2022 and 2023. Unknown Sector Partnerships14%) Private 42% Sectors Public 24% 2in5 said their concern was under investigation. of callers (420/0) said their whistleblowing concern had been ignored by their employer. 19,855 of callers reported victimisation after blowing the whistle ongoing interactions with callers to our advice line. 100,000 15,000 In 2023 we recorded more than 100,000 unique views of our whistleblowing advice pages and templates our top advice webpage received over 15.000 views Protect Iwhistleblowing Advice} Limited Company Number.. 02849833 Charity Number 1025557 09
Advice Line I 30% 31% of our callers were raising working practiee and governance concerns of our callers raised concerns from the health and social care sector 42% of callers said their concerns were ignored 3.047 we advised on 3047 new cases in 2023. 66 "I didn't ever expect anything like this support and care you've given me, particularly during this rough time. Your approach has been more than I could ever have hoped." "I have much appreciatedyour advice and the wayyou deal with matters so professionally, giving clear advice in context and highlighting relevant considerations, but also thatyou do all that in such a supportive way." "I cannot thank Protect [enoughlfor their whistleblowing advicel It has been pivotal in helping me to gain perspettive on whistleblowing law ond the rights ond protections I getl They deserve all the well wishe5 in the world." 99 Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557
Who calls the Advice Line? Top 10 sectors Human. Health and Social Work Education Financial and Insurance Public Admin, Defence, Compulsory Social Security Arts, Entertainment & Recreation Other service artivities Unknown Accommodation and Food Service Professional, Scientific and Technical Transportation and Storage 100 200 300 400 500 600 hire Britishllrishlother 165%) £30,000 and under144%1 £30,000- £50,000123%1 Prefer not to sayl16%1 £50,000- £70,00018%1 AsianlA5ian British {9%1 Ethnicity Income Black Britishl Black Afvicanl Caribbean14%1 £70.000- £90.00015%1 £90,000 and over15%1 Mixed ethnic OTigin13%1 prefer not to say115961 Other13%1 25 and under14%1 25-34114%) Female {45%1 35-44121%) Gender Male {44%) 45 - 54126961 Prefer not to say110%) 55- 64126%) Non-binary {196) 65- 7417%) 70+12%) Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557
Case studies "Working with Protect really helped me understand the options available. I wanted to speak up about what I was concerned about in my workpl(7ce, but I w(7s worried about the repercu55ion5, and I didn't know what the practical implications would be. The odvice helped me weigh up my options with the right information in front of me and ultimately gave me the confidence to speak out on an issue of national importance. It was such a relief seeing my concerns on the new5 and in the press. If it hadn't been for Protects advice I don't think I'd hove known what to do - I'm very gratefulfor the support they gave me, their advice line was invaluable. I think the impact of my disclosure has broughtproper scrutiny to the public body I workfor as it had been failing to stay sufficiently independent of the Government. Th(7nkyou foryour help." 99 Oliver's Story Oliver worked in compliance in the financial sector. We also advised Oliver how he could safely raise his concerns to the relevant regulator, using the templates available on our website, and what to expect from the process. Oliver told us he felt reassured and thankful when we ended our call. He felt confident on his position now he was aware of his legal rights and how he could escalate the concern to the regulator. During hisjob, Oliver realised his company had hired someone who had previous convictions for a serious financial crime. Oliver had been asked to do a Disclosure and Barring Service (DBS) check when he joined so was shocked this person had been hired. Oliver raised the concerns to his employer. Whilst he was originally thanked. he told us the concerns were ultimately ignored. Oliver continued raising the Oliver got back in touch with Protect to share concerns and says he was belittled by his company, an update - he had gone to the regulator. They who told him his concerns were not valid and he was confirmed his concerns fell under just overreacting. Oliverfs contract was terminated. whistleblowing, and they have now been Oliver felt frustrated- he felt he had been unfairly investigated. Oliver is now in the process of punished for flagging a potential risk to the company, going to the tribunal. using his legal expenses which was part of hisjob. Oliver called us feeling insurance to secure the support of a solicitor. worried about whether he had done the right thing, if his company might try and cover this up, and how this could affect his future job prospects. Oliver told us, You were so supportive and my case wouldn t be in progress now withoutyour help and guidance." We advised Oliver on how he may be protected under whistleblowing law," what potential claims he could bring,. and how to start preparing for this. *Name has been changed at request of the individual. Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557
Helping businesses to better respond to whistleblowing Protect Member 2024 Membership As a charity we have an unusual funding mix, in that most of our income comes through our membership, consultancy and training programmes with employers. From the outset we have worked with businesses, sharing our knowledge and understanding and helping improve attitudes to whistleblowing and ways of working within organisations. This all contributes to our overall mission of promoting ethical standards of conduct in the workplace. As a Protect member, organisations have access to advice and resources to develop and maintain their whistleblowing frameworks, and support to ensure compliance with the law and their industrys regulators. We work with any organisation that is keen to improve their whistleblowing arrangements and create a better environment for their staff to speak up. IT & Digital Security Services Transport &Automotive Local Government Caro Media & Communications Retail Charity Oil, Gas. Mining Energy & Utilities Food & Beverage Professional Boiiv Manufacturing & Engineering Building and Construction lj 'iSLire & hospi+,Il Construction rn Housing ft ¢L Q) lealthcare tr. T Our membership comprises 225 organisations- they are big and small and from every sector in the UK. Their combined headcount amounts to more than 1.4 million staff, demonstrating the potential reach of our work. The breadth of our membership means we are not dependent on any one employer for our finances. No single employer accounts for more than 4 per cent of our income. ' We have a long-standing relationship with Protect. Most recently, their benchmarking exercise has helped us to validate our Speak Up arrangements and learn from emerging best practices across a range of industries." LLOYDS BANK Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557 13
Training In 2023 we delivered 20 open training courses reaching 369 individuals. We ran a range of practical workshops covering the basics from Whistleblowing Essentials to specialist areas focusing on Preventing Victimisation and Managing an Investigation. Delegates came from a breadth of roles and departments spanning compliance, internal audit, legal, and HR, and from every level of their organisation including CEOS and Non-Executive Directors. In addition we provided in-house training for a wide range of regulators and employers helping ensure they are able to respond effectively to staff raising concerns. 66.. I thought the structure including inputs and case studies/examples was exactly the correct balance. The spe(7kers were very informative and langu(7ge used/explanation was aimed at the correct level. The course wa5 engaging using a simple platform and layout that was easily accessible to (711 and the presenters were knowledgeable but (7pproachable" Excellent and knowledgeable presenter. Really liked the structure and group discussion. 99 Whistleblowing Essentials Our signature training course providing an ovenriew of whistleblowing and why it is imponant, including a full overview of the whistleblowing law in the UK. Explaining how to best identify a whistleblowing concern vs a grievance complaint the training is backed up by practical exercise5 and case studies. Investigating a Whistleblowing Concern This training course focuses in on whistleblowing investigations. Beginning with examples of how to best receive a concern, the online session covers choosing investigators and how to work with whistleblowers. Additionally, the course covers preparing for an investigation, gathering evidence, writing up reports, pirfalls to avoid, and best practice examples. Whistleblowing Responsibilities as a Trustee, NED or Governor This tailored bespoke training course for trustees, governor5 and non-executive directors provide5 an overview of what to do when you uncover, or are informed about, wrongdoing or malpractice within your organisation. The session aims to deepen participants, understanding of their role and understanding of the effectiveness of whistleblowing arrangements. Preventing Whistleblower Vietimisation Figures from our Advice Line in 2023 show that almost 73% of employees who report wrongdoing face victimisation or are dismissed. This training session use5 real-life case studies to understand methods to proactively prevent victimisation. The course includes a risk assessment exercise to assess victimisation prevention in your own organisation. ESG Masterclass Starting by exploring where whistleblowing and ESG overlap, this training course looks at how a proactive approach to whistleblowing can strengthen an organisation's commitment to responsible business practices and stakeholder engagement. By working through practical exercises and scenari05 this interartive session covers your legal obligation5 and how to embed whistleblowing as part ofyour ESG strategy. Financial Services Whistleblowers, Champion Masterclass- Our financial services training is an industry-specific session answering all the important questions: How do you ensure you fulfil your regulatory obligations as a Whistleblowers, Champion? What are the risks of gelling it wrong? What tools do you need to use to get it right? Who can you turn to for help. Whistleblowing Face to Face - I day Tn-person training This in-depth, corllprehen5ive training course will equip you with a wealth of knowledge on the context and law of whistleblowing through to managing investigations and preventing victimisation - empowering you to navigate these crucial situations with confidence. Delivered in-person over the course of a day this course includes an audit of your organisation's whistleblowing policy. Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557
Benchmark Assessments Our flagship Whistleblowing Benchmark Tool is used by organisations to identify gaps in their systems and compare their progress against international best practice. Designed for use by larger organisations it covers all aspects of the EU Whistleblowing Directive and provides personalised recommendations tailored to an organisation's specific needs and challenges. Our Scanner tool acts as a tailored self-assessment for small businesses helping to strengthen whistleblowing practices and workplace transparency. WHISTLEBLOWING BENCHMARK In 2023 25 organisations completed the Protect Scanner and Benchmark. WHISTLEBLOWINGSCANNER Benchmark endorsement from GoAhead Group: "Achieving an improved policyfor both the histleblowingpolicies have Group ond our colleagues has all been not only become a possible through the incredible guidance of fundamental part of our Protect which provided thoughtful and corporate governance but. by practicable insights to help us identify those having suitable policies in areas which required improvement and also place. also provide confidence highlight where we had 5trength5. They to our colleagues that they can. worked closely with us to understand our in confidence, raise concerns businesses and how they could provide the about wrongdoing within their support we received. Their hard work workplace." resulted in a much improved whistleblowing policy which was adopted, without hesitation, by our compony board." e eng(Jged Protect as their reputation to provide best-in-class advice. taking into occount notjU5t the needs of our Group but a150 those of our colleagues, means we are now confident in our opproach to (Jddressing whistleblowing matters through an improved whistleblovving policy.. this is not only by reference to ensuring legal complionce but also by ensuring that we provide the corrert level of support and assurance to our colleagues throughout any investigation." Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Number 1025557
Policy & Research Policy We launched three new reports in 2023. Our Environmental Whistleblowing Toolkit. the first of its kind, is targeted at anyone wanting to raise concerns about damage to the environment. We are grateful to all the lawyers, trade unions, journalists and other organisations who contributed to the toolkit. With the Signals Network and the Whistleblowing International Network we wrote A Tech Workers Guide to Whistleblowing, and we produced our own research Blowing the Whistle in Schools based on the experiences of teachers and support staff calling our advice line. Working with colleagues in the Anti-SLAPP (Strategic Litigation Against Public Participation) Coalition and anti-corruption groups, we contributed to briefings on the Economic Crime and Corporate Transparency Bill, which led to the first Anti-SLAPP provision being introduced. A private members, bill may extend these provisions in 2024. With a Parliamentary Officer in post, we were able to attend both the main party conferences and we supported several whistleblowers in meetings With MPS in Westminster. Political engagement After several years of lobbying to "Fix UK'S Whistleblowing Law" we welcomed the Governmenys announcement in March 2023 that they would conduct a review of the whistleblowing legal framework. We provided evidence to the review, providing a draft of the legislation we would like to see, and suggested whistleblowers and employers the reviewers might meet. We met with officials and with the Department of Business and Trade Minister to discuss our proposals for reform and await the outcome in 2024. We were pleased to contribute to discussions led by Emily Thornberry MP (Shadow Attorney General) on reforming whistleblowing to better protect victims of sexual harassment at work and met. and started working, with her appointed "whistleblowing tsarf, Marina Wheeler KC. Proteci Iwhistleblowing Advicel Limited Company Number.. 02849833 Charity Number 1025557
Policy & Research A focus on corruption Wider impact Thanks to funding from thejoffe Trust, we have been able to allocate dedicated resources to work on projects that tackle economic crime. We met with and made written submissions to the Home Office, who are assisting with the development of statutory guidance to accompany the new Failure to Prevent Fraud offence. We also submitted evidence to the Home Affairs Committee Fraud Inquiry drawing the Committee's attention to the disjointed regulatory landscape of fraud prevention and advocated for unified reporting mechanisms across law enforcement agencies. We provided evidence to the Infected Blood Inquiry and to the House of Commons Treasury Committee's investigation into financial services and were quoted in their report "Sexism in the City." We met with the National Audit Office about whistleblowing in the Civil Service and were featured in their report. We were consulted by Ofwat on their new whistleblowing expectations for the industries that they regulate. We also contributed to calls for evidence on Non-Disclosure Agreements by the Legal Standards Board and SRA. We were featured in the Committee on Standards in Public Life's report"Leading in Practice" published injanuary 2023 and plan to submit evidence to their next report on accountability. We engaged with the legal profession to strengthen ethical standards and whistleblower protections, providing evidence to the Institute of Business Ethics Taskforce on Ethics in the Legal Profession, and reviewing the Solicitors Regulation Authority (SRA) guidance for in- house lawyers. Protect Iwhistleblowing Adwcel Limited Company Number.. 02849833 Charity Nutnber 1025557 17
Coverage and profile in the media are an essential part of our work- elevating legal issues to a wider audience and speaking up for the power of whistleblowing in the modern workplace. This year we were featured in more than 50 print and broadcast features, ranging from the Guardian and Financial Times to Sky News and BBC Breakfast television. Protect in the media As a leading commentator on whistleblowing, we were sought out to provide perspective including on the CBI'S sexual harassment scandal. the whistleblowing that brought Lucy Letby tOjUStice as well as the government's ongoing review of the whistleblowing framework. As well as featuring in the mainstream press it is key for Protect to connect with sector media to help reach those working in business who can learn from our training and consultancy work. aridard INDEPENDENT Pcoplc Managcmcnr The Guardian PERSONNEL TODAY ThE BUREAU OF INVESTIGATIVE JOURNALISM Protect Iwhistleblowing Advice) Limited Company Number.. 02849833 Charity Nutnber 1025557
Thank You Throughout the year, we are deeply grateful for our supporters and the good work they make possible. Special thanks go to the generosity and expertise of our volunteers from law firms and chambers, from the members of our Legal Support Network to those who help us with publications, events and meetings. Allen & Overy Lewis Silkin Abbiss Cadres Linklaters Baker McKenzie Littleton Chambers BDBF LLP Matrix Chambers Cloisters Mccabe and Co Solieitors CM Murray LLP Old Square Chambers Doughty Street Chambers Outer Temple Freshfields Bruckhaus RPC Deringer Slaughter & May Gowling WLG St Philips Chambers Heminsley Law Thrive Law Howard Kennedy YESSlaw Inmin Mitchell I Crown Office Row Keystone Law 3 Paper Buildings Kingsley Napley 11 KBW James & West Law 39 Essex Chambers Leighday Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557
Annual Reports and Financial Statements Protect Iwhistleblowing Advicel Limited Company Number.. 02849833 Charity Number 1025557 20
Reference and Administrative Details Trustees S Gaysford J Graham Kjordan L McLynn (Chair from 3July 2023) F Morris-jones (Deputy Chair) R Pa551 R Wansbrough-Lloyd D Widdowson Company Secretary Alice Norga (appointed 6 February 2024) Registered Office The Green House 244-254 Cambridge Heath Road London E2 9DA Registered Company Office 02849833 (England and Wales) Registered Charity Number 1025557 Auditors Azets Audit Services Statutory Auditor 2nd Floor, Regis House 45 King William Street London EC4R 9AN Bankers CAF Bank Kings Hill West Malling Kent ME19 4TA Statutory Information: Protect (Whistleblowing Advice) Limited is a registered charity (No. 1025557) and a company limited by guarantee (No. 02849833). Our registered address is The Green House, 244-254 Cambridge Heath Road, London, E2 9DA Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 21
Financial Review- where does the money come from? We continue to be largely a self-funded organisation. with most of our income being from employer membership of Protect and the income we generate from our consultancy and training work. However, we were delighted to have the generous support of three charitable foundations in 2023 - thejoseph Rowntree Charitable Trust, The Joffe Charitable Trust, and A B Charitable Trust. Their funding allows us to campaign for legal reform, to build our policy networks particularly in the anti-corruption space, to encourage better workplace practices among employers, and to keep our vital advice service functioning. In 2023 we were also pleased to have the generous support of Linklaters who provided the venue, and much more support, for our anniversary conference, and further sponsorships from the Natwest Group and Littleton Chambers towards the conference. We received benefits in kind from other law firms, including their trainee solicitors on secondment, as well as support with design work and making rooms available for meetings and events. The Trustees ensure that our self-funding status, and our receipt of benefits, does not result in conflicts which could undermine or constrain our independence or our charitable purposes. The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The Trustees have adopted the provisions of the Accounting and Reporting by Charities: statemer)t of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015). Review of Financial Activity Thanks to several successful years in which we have been able to improve our reserves, the Trustees agreed to invest in 2023 and took on several new staff. We ended the year with a planned loss of £46,975. Review of Financial Position The Trustee5 keep the required level of reserves under review and aspire to maintain reserves in the range £175,000 to £275,000. At the end of 2023. the charity has reserves of £283,834 - just above this comfortable level. The charity has an adequate balance sheet at year end and a good level of cash {£543,250}. Risk Management The charity maintains a risk register which is regularly reviewed by the Audit and Risk Committee and reported to the Board. During 2023 the following risks were deemed to have the biggest potential impact: An income shortfall - the uncertain economic outlook meant that Trustees carefully monitored sales and considered the charitys income at every Board meeting. They agreed a revised budget in the light of staffing changes in the business support team. Data securityldata protection - Trustees approved the appointment of an IT manager and noted that the Data Protection Officer provided training to all staff. An increase in competition - a range of organisations offer whistleblowing training and consultancy. Our unique selling point however, is that we are the only organisation seeing whistleblowing in the round, able to bring the perspective from employer best practice. whistleblowers calling the advice line. and our policy work. Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 22
Going concern After reviewing the charitys forecasts and projections and taking into account economic conditions and possible changes in sales performance, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. Structure, Governance and Management Directorsnrustees The Directors are also the charity Trustees for the purposes of charity law. Trustees meet at least four times a year and have established Audit and Risk and Remuneration committees. The Trustees who served during the year were: Paul Boyle (Chair until 3 July 2023), Alex Gardiner (resigned 25 April 2023), Simon Gaysford (Chair of the Remuneration Committee), Julia Graham, Karen Jordan (Chair of the Audit and Risk Committee), Lucy McLynn {Chair from 3 July 2023), Frances Morris- Jones (Deputy Chair), Ravinder Passi, Rebecca Wansbrough-Lloyd and David Widdowson. Our company secretary, Rebecca Durkin. stood down in February 2024 and Alice Norga has been appointed to take her place. Executive Officers Elizabeth Gardiner is the Chief Executive.Jon Cunningham is the Business Development Director, Andrew Pepper-Parsons is the Director of Policy and Communications, and Sybille Raphael is the Legal Director. Related Parties During the year the charity entered into no transactions with any parties deemed to be related. Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 23
Trustees, responsibilities statement The Trustees (who are also Directors of Protect (Whistleblowing Advice) Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2015 (FRS 102); makejudgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: there is no relevant audit information of which the charitable companys auditor is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 24
Auditors The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The Report of the Trustees was approved by the Board on 7 May 2024 and signed on their behalf by: L McLynn Chair Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 25
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PROTECT (WHISTLEBLOWING ADVICE) LIMITED Opinion We have audited the financial statements of Protect (Whistleblowing Advice) Limited (the 'charitable company) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable companys affairs as at 31 December 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 26
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PROTECT (WHISTLEBLOWING ADVICE) LIMITED Other information The other information comprises the information included in the trustees. annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 27
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PROTECT (WHISTLEBLOWING ADVICE) LIMITED Responsibilities of trustees As explained more fully in the trustees, respon5ibilitie5 Statement set out on page 24, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the finan- cial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable CoMpanS ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,- Reviewing minutes of meetings of those charged with governance: Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations: Performing audit work over the risk of management bias and override of contro15, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htt s'.//wvvw.frc.or .uk/Our-Work/Audit/Audit-and-assurance/Standards-and- uidance/Standards-and- uidance-for- auditors/Auditors-res onsibilities-for-auditlDescri tion-of-auditors-res onsibilities-for-audit.as This description forms part of our auditorfs report Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 28
Use of our report This report is made solely to the charitable companys members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companls members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companys members as a body. for our audit work, for this report, or for the opinions we have formed. John Howard (Senior Statutory Auditor) For and on behalf of Azets Audit Services Statutory Auditor 2nd Floor, Regis House 45 King William Street London EC4R 9AN Date: 17 May 2024 Protert (Whistleblowing Advice) Limited Company Number= 02849833 Charity Nurnber 1025557 29
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Unrestricted 2023 Restricted 2023 Total funds 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 67.258 67.258 48,346 Charitable activities Business consultancy Membership 118,613 732,019 118.613 732.019 200,013 662,704 Investment income 12,063 12.063 1,865 Other income 101,052 101.052 57,926 Total 1.031,005 1.031.005 970,854 EXPENDITURE ON Charitable activities Business support and fundraising Advice line Public Education and Policy Development and Growth 348,098 516,533 168,433 44,916 348.098 516.533 168.433 44.916 271,977 403,578 131,601 35,094 Total 1,077.980 1,077.980 842,250 NET INCOME (46.975) (46.975) 128,604 RECONCILIATION OF FUNDS Total funds brought forward 330,809 330.809 202,205 TOTAL FUNDS CARRIED FORWARD 17 283,834 283.834 330,809 CONTINUING OPERATIONS All income and expenditure ha5 arisen from continuing activities. The notes form part of these financial statements Protect (Whistleblowing Advice) Limited Company Number: 02849833 Charity Number 1025557 30
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 Total funds 2022 Total funds Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Debtors Cash at bank 14 252.268 543.250 243,977 590,071 CREDITORS Amounts falling due within oneyear (511.684) (503,2391 NET CURRENT ASSETS 283,834 330,809 TOTAL ASSETS LESS CURRENT LIABILITIES 283.834 330,809 NET ASSETS 283.834 330,809 FUNDS Unrestricted funds Restricted funds 17 283.834 330,809 TOTAL FUNDS 283.834 330,809 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. The financial statements were approved by the Board of Trustees on 7 May 2024 and were signed on its behalf by= /7 L McLynn - Chair The notes form part of these financial statements Protect (Whistleblowing Advice) Limited Company Number: 02849833 Charity Number 1025557 31
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities: Cash generated from operations 19 (58.884) 146,940 Net cash provided by operating activities (58.884) 146,940 Cash flows from investing activities: Interest received 12.063 1,865 Net cash provided by/(used in) investing activities 12.063 1,865 Cash flows from financing activities: Capital repayments in year Net cash provided by/(used in) financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (46.821) 148,805 590.071 441,266 Cash and cash equivalents at the end of the reporting period 543.250 590,071 The notes form part of these financial statements Protert (Whistleblowing Advice) Lirnited Cornpany Number.. 02849833 Charity Nutnber 1025557 32
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATUTORY INFORMATION Protect {Whistleblowing Advice) Limited is a charitable company, limited by guarantee, registered in England and Wales. The company's registered number and registered address can be found on the Reference and Admi nistrative Details page. ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in Sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Public Benefit The charitable company meets the definition of a public benefit entity under FRS 102. Legal Status The charity is a company limited by guarantee and has no share capital. The liability of each Trustee in the event of winding up is limited to £1. Going Concern After reviewing the charity's forecasts and projections and taking into account the economic conditions and possible changes in trading performance, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. Consequently, the trustees have a reasonable expectation that the company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 33
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- continued Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. The charity currently has no designated funds. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income All incomi ng resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted; the estate has been finalised and notification has been made by the executor{sl to the charity that the distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate. and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Income from charitable activities represents net amounts receivable, excluding any value added tax. Where income relates to services to be provided over a number of years. income is matched to the service provision and income invoiced in advance is deferred to future years. Donated professional services and donated facilities are recognised as income when the charity has control over the item,. any conditions associated with the donated item have been met,. the receipt of economic benefit from the use by the charity of the item is probable,. and that economic benefit can be measured reliably. I n accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the Trustees, annual report for more information about their contribution. On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- continued Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following heading: Expenditure on charitable activities which includes costs in relation to Business Support and Fundraising,- Advice Line,. Public Education and Policy and Development and Growth. Allocation and Apportionment of Costs Resources expended that relate directly to specific activity are allocated solely to that activity. All other resources expended are allocated based on total staff time. Other resources expended and support costs are allocated to charitable activities based on total staff time. Tangible Fixed Assets Depreciation is provided overthe following annual rates in orderto write off the costs less estimated residual value of each asset over its estimated useful life. Fixtures and fittings Computer equipment 4 years straight line 4 years straight line Assets that are expected to be of continuing use to the charity are capitalised at either their cost to the charity or, if donated, at their estimated market value. Assets with a value of less than £1,000 are expensed at the point of purchase. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Trade and Other Debtors Trade and other debtors are measured at transaction price less any impairment. Current Asset Investments Current asset investments comprise cash deposits with an original maturity date of more than 3 months. Cash and Cash Equivalents Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the consolidated cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts. Trade and Other Creditors Trade and other creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 35
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES- continued Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. Employee Benefits When employees have rendered service to the charity. short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Taxation The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received withi n categories covered by Chapter 3 Part11 Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Judgements and Key Sources of Estimation Uncertainty The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees consider that there are no significant judgements or estimates in the preparation of these financial statements. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 36
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES 2023 2022 Donations (unrestricted) Benefit in-kind 15.258 52.000 18,346 30,000 67.258 48,346 In 2023 we benefited from pro bono support from trainee solicitors from Baker McKenzie and Howard Kennedy LLP who were seconded to us for 3 or 6 month placements. We estimate the value of this to be around £30,000 over the year. In 2023 we also benefited from pro bono support towards our annual conference and for design and publication costs from two law firms. which we estimate is worth around £22,000. INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Incoming resources from charitable activities Incoming resources from charitable activities Business consultancy 118.613 200,013 Membership 732.019 662,704 850,632 862,717 INVESTMENT INCOME 2023 2022 Investment income 12.063 1,865 OTHER INCOME 2023 2022 Grant income 101.052 57,926 Included within grant income is an amount of £61,052 received from Joseph Rowntree Charitable Trust, £15,000 from AB Charitable Trust and £25,000 fromjoffe Charitable Trust. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 37
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITABLE ACTIVITIES COSTS Support Direct costs costs {see note 8) (see note 9) Totals Business support and fundraising Advice line Public Education and Policy Development and Growth 314.429 466.572 152.142 40.572 33.669 49.961 16.291 4.344 348.098 516.533 168.433 44.916 973.715 104.265 1.077.980 DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 2022 Staff costs Non-staff costs 795.011 178.704 618,645 111,207 973.715 729,852 SUPPORT COSTS Governance costs Management Totals Business support and fundraising Advice line Public Education and Policy Development and Growth 18.063 26.803 8.740 2.330 15.606 23.158 7.551 2.014 33.669 49.961 16.291 55.936 48.329 104.265 Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 38
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. NET INCOME/{EXPENDITURE Net incomellexpenditure) is stated after chargingl{crediting): 2023 2022 Depreciation - owned assets Operating lease rentals Auditor's remuneration - statutory audit Auditor's remuneration - other services 3,509 34,783 6,750 1,600 38.769 7.250 1.750 Non-staff costs are made up of: 2023 2022 Premises Communications Depreciation Training and library Public relations and marketing Office costs: Computer and photocopier Other office expenses Auditor's remuneration - statutory audit Auditor's remuneration - non-audit services Professional fees Provision for bad debts Other 55.763 5.603 54,505 4,480 3,509 8,233 11,971 20,241 8,153 6,750 1,600 30,000 5,000 7,978 2.255 20.914 18.132 11.276 7.250 1.750 52.000 18.106 11.294 204,343 162,420 11. TRUSTEES. REMUNERATION AND OTHER BENEFITS No Trustee5 received remuneration or other benefits during either the current or the prior year. No Trustees received reimbursements for expenses during either the current or the prior year. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 39
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. STAFF COSTS 2023 2022 Salaries and wages Social security costs Employer's contribution to defined contribution pension scheme Other staff costs 760.528 65.913 27.084 20.113 581,762 52,275 25,241 20,552 873.638 679.830 The average full-time employees. equivalent number during the year was 21.3 {2022- 17.5). Employees remunerated in excess of £60.000 excluding employerfs pension contributions are as follows: 2023 2022 No. No. £60,001 to £70,000 The aggregate employer pension expense in relation to these employees was £7,044 (2022: £7,044). Staff costs have been allocated on a percentage basis over the chariLible activity cost headings. The key management personnel has increased to four members of staff, as set out in the Report of the Trustees under Executive Officers. The total employee benefits of the key management personnel of the charitable company were £267,368 (2022: £191,457). 13. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Total COST At 1 January 2023 Additions 22,888 36,402 59,290 At 31 December 2023 22.888 36.402 59.290 DEPRECIATION At 1 January 2023 Charge for the year 22,888 36,402 59,290 At 31 December 2023 22.888 36.402 59.290 NET BOOK VALUE At 31 December 2023 At 31 December 2022 Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments and accrued income 214.248 3.126 34.894 217,438 6,483 20,056 252.268 243,977 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security and other taxes Accruals and deferred income 8.752 101.146 401.786 8,326 96,374 398,539 511.684 503,239 Deferred income reconciliation: 2023 2022 Brought forward balance at 1 January Amounts recognised as incoming resources in the year Amount deferred at 31 December 383.426 (383.426) 375,028 367,327 1367,3271 383,426 375.028 383,426 Deferred income consists of subscription income and income in relation to retainers and consultancy fees. An element of the income has been deferred at the year-end due to the subscription period spanning over the financial year end or the income having been received in advance. 16. LEASING AGREEMENTS Total minimum lease payments under non-cancellable operating leases fall due as follows: 2023 2022 Within one year Between one and five years 34.694 45.214 32,772 73,594 79,908 106,366 The above commitment relates to the charity's office and the total commitment shown is for the length of the lease. Protect (Whistleblowing Advice) Limited can terminate the lease agreement at any time giving the landlord four months, notice in writing. Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 41
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. MOVEMENT IN FUNDS Net movement in funds At 0110112023 At 3111212023 Unrestricted funds General funds 330.809 (46.975) 283.834 Restricted funds TOTAL FUNDS 330.809 (46.975) 283.834 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General funds 1.031.005 (1.077.980) (46.975) TOTAL UNRESTRICTED FUNDS 1.031.005 (1.077.980) (46.975) Incoming resources Resources expended Movement in funds Restricted funds General funds TOTAL RESTRICTED FUNDS 18. PENSION COMMITMENTS The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. The amounts payable at year end was £4,301 12022: £3,111) and is included in creditors under other tax and social security. 2023 2022 Contributions payable by the company for the year 27.084 25,241 Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 42
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. RECONCILIATION OF NET INCOME TO NEf CASH FLOWS FROM OPERATING ACTIVITIES 2023 2022 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Decrease in debtors Increase in creditors (46.975) 128,604 3,509 11,8651 {17,7291 34,421 (12.063) (8.291) 8.445 Net cash provided by operating activities (58.884) 146,940 20. RELATED PARTY DISCLOSURES There are no related party transactions to disclose for the current or the prior year. 21. ULTIMATE CONTROLLING PARTY The company is considered to have no ultimate controlling party- Proiect Iwhistleblowing Advice) Limiied Company Number.. 02849833 Charity Number 1025557 43