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legal framework is desperately out of date and in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 CoMpan￿S 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