2020-12-31-accounts

. r BRITISH SAFETY. British Safety Council- company lim ited guarantee 'rustees' Report inancial December Statements •tsMD)OTU' 0710￿2021 COMPANIES HfWSE A01 71

INDEX PAGE Trust•es' report and financial statements Chair and Chief Executive's Report Report ol the Trustees induding the Strategic Report 3-21 Independent Auditor's Report 22-24 Constslidated Statement of Financi￿ Acbvib"es 25 Consolidaled and Parent Charty Balance Sheets 26 Consoli¢Jaled Cash Flow Ststement 27 Notes lo the Financia Statements 28-46 Reference and Adminislrats've Detai15 47

Brltish Safety Council Chair and Chief Executive's Report For the year ende(J 31 December 2020 CHAIR AIID CHIEF EXECUTIVE'S REPORT Al the end of 2019. one of our core tsu5es *as on 8￿xrt and the chalknges that might throw up. We cannot pretend that a global pandemic was high ￿ our list of con¢ems. Instead we were detemined Ihal in 2020 we would ensure workers. rights were protected, however Brexit came about whoever was in government. We also wante(J lo bling to life a long-held ambibon to develop a rtew approach to delivering workplace wdlbeing. But how to svm up 2020? Impossible of course, however, a few things Stand out. Before getting to that, rt is worth pau51ng to rèllect on the state ol'health ant1 safety. in the lead up to 2020. It Is easy to forget but the pievious decade was marked by qurte extreme attacks on the 'value' of health and safety. Thè decade was not a good one for the public image of health and safety nor for the re9ulator, with re50ur¢es cut and health Indicalors going the wron9 way. Yet in temis of public opirwon there was a shrft in 2020. A shift to ¥ grtaler consensus around Ihe value ol health and safety, wder than 115 occupab.onal dimension that indudes public safety, wellbeing and mental health. This represents the cros5in9 of a Certain knnd of Rubicon away from the divisive rhetor of thè premous decade. Everyone now understands that an econorny needs heatthy people. People now see the interconnections bets¥een how we work and otlr health in ways unimagined before 2020. Our digital tools mean Ihat many of us can work from home, putbng flexibility into the hours we woth. ducing our Impact on the environment, clawng back some of the commLrte tsme for liwng. For those who have continued lo 99 to their workpl¥Ge. pioviding essents.al service5. they will never denigrate good health and safety or not see the importance of good mental wellbeing. Their Work 15 100 important. Thebr lives matter too much. PeO￿e will want to hold onlo many of these new developments ITr the lulLtre for their own wellbeing. AItIKJU9h we didn't manage to spend much time on ￿anned Campaigning activities like trbe impact ol air pollutson on outdoor workers. we saw an immensely pO￿tIVe impact from our membership and charitable wod¢ in 2020, particularfy from our Cov1￿19 charilable and campaigning work. Over 10,000 people, for example, took advantage of Ihe free mental heahh training we offered. Sector Interest Group ISIGI meetings like our Retail SIG ffloved from quartedy to weekly for periods of the year. We a150 achieved record leve15 of press coverage and impact around the worfd on areas like the {subsequenlly postponed) Olympics, retuming to work and schools reopening. During the year. British Safety Council exlensively lobbied the Govemment to strengthen COVIO-19 guidance, and for the Government's safely regulator. the Heath and Safety Executive to enforce the rules. In reathng to the pandemic. one area we made huge sthdes in during 2020, was our digital capabilities. We have invested signthcantly in our digltal leaming capatv'lrties over the last lew years and many members and customers have been able to benefit from this During 2020. we weie one of the first health and Safety organisations lo launch Live Online trainin9. This proved tts be Immensely popular with organisatsons and enabled aspiring he￿th and safety prolesyonals to conbnue their education. Although many members and ¢ustomers were initi.ally forced to pull back on audit and consultancy work, through our development of remote services, we ended the year with ￿gnificant numbers embracing this new approach to health, safety and wellbeing. A5 organisations Started wnsidering going back to work, we launched our unique COVID Assurance Assessment SeNce in 2020. %thich prowded organisations wih the comfort they needed aTrJ wanted to safeguard Iheir stsff. This was a huge success around Ihe TrI￿r1d, as many members and customers looked to benefit from ouf expertise. The￿ is no ijoubt that m￿Y thousands of workers will have gone home safe as a result of thi5 work. Alongside the many posrtives saw in 2020. there were also some real challenges too. The most challenging and sad period was having to say goodbye to staff as we 'right-s¢ed' the organisation to ex)pe with the pandemic. However. we are immensdy proud ofthe dedication and work ethic of all

British Safety Council Chair and Chief ExecutNe's Report (continued) For the year ended 31 December 2020 8rilish Safety Council stsff before. dur¢ng and after this. We are ultimately a people busines5 and we can only deliver the service that we do through the Commttsnent of oui people. During the year, Males in Mind continued lo address Ihe p￿s￿ng challenge of mental illthealth within the construction sector and beyond. The global pandemic added to the exi5b.ng mental health challenges faced by those who remained at work. were working remotely. fvrtoughed and those ￿lthOU1 work. The need for Mates In Mind support was never clearer. supported by the volume of inbound contact for advice, guidance and assistan￿ that doubled acros5 the year. However. we also saw a steep decline in donations as organisations focused on dealing with the COVID-19 outbreak. Oespite this. through 2020 Mates in Mind empowered 135 new Supporters in lackling the issue and embedded positwe steps towards creating rnentalty heathy wtrrkplaces and rèached more than 92,000 new workers with advice, training and support- bringing their lotsl number of Supporter ¢yganisats"ons to 480, ￿a¢hIng more than 350.000 workers. We have all had cause to ￿flect on how we can rebuild our Society in the recovery that is following the coronavirus outbreak. and how we musl work together to tackle the undertying injustices in our society. No one could fail to feel the impact of Ihe distressing murdeT of George ￿0y(j in Minneapolis al the end of May 2020 and the global response it provoked. We at the Bnb'sh Safety CoL*nryl pledged to renew our efforts to Ènsure that iniustitt for ethryc and minority groups 15 a thing ofthe past. We are hopeful that a renewet1 focus on employee wellbeing can be another legacy of the pandemic. When we were lobbying Ihe polibcal parh'es ahead of the general election. we made clear that parity f¢y mental health an¢J physical health should be all of our am￿.￿On$. For an orgarisation like British Safety Council, steeped in health and safety. protethng workers and ￿mIndIng employers of their duty of care. expanding that remit to indude mentsl health and wellbeing has been a natural evolub"on. Aligned with ihis, the launch during 2020 of our new Being Wdl Together pro9ramme was one of the most important devel¢)pments in our ￿Gent hi$tory. For 2021, our wish is that the gains buili up in 2020 are picked up by business leaders and spread far and Mde. They have a historic opportunrty to bring Out light from last year's darkness. bul il will need nurturing. There will be lorces to contend wth that want to take us back lo business as usual. We need leadership to build on this momentous year lor the better, making sure Ihat economies work for the natural identity of all our interests. Lawr•nc• Watemlan 28 July 2021 Miko Robin$on 28 Juty 2021

British Safety Council Report of the Trustees For the year ended 31 December 2020 The Trustees, report is also a D1￿CtorS. report as required by thapter S part 15 ofthtr Companies Act 2006. and all Charity Tnjstees are cornpany Directo￿. OUR COMMITMENT TO HEALTH AND SAFETY We are committed to promob.ng the health. safety and wellbeing of our stsff. associates and other5 affected by our woik, in line wth legislation and best practice. Our health, safety and our quality mana9ement systems are Subject to regular review by extemal auditors. and we maintained cetyfication against ISO 9001 and ISO 45001. whch keeps us In line wth the best in market. The ExecutJ"ve team monitor health, safety and quality management reviewing perfonnance Wee￿Y, and our health and safety committee meels quarterly. New staff receive a comprehensive induclion prr•3ramme whith include5 health and safety training relevant to their role. and this is refreshed on at least an annual basis through digital learning. Staff also have an opwrtunity to undertake health and safety qualifiGab"on$ as part of their ongoiThJ development. Sector Interest Group meetings, vthith lorn a core part of our membership benefits. in¢reased frequency a5 a result of the pandemic. with groups like the Retail SIG moving from quarterty meetings lo weekly for part of the year and most other SIGS moving to monthly. New in 2020. we launched our COVID Assurance A55essment setmce alongside a comprehensive guidance document, aimed al helping organisaty.ons saleguard their stsff a5 they retumed from home working. This proved to be extremely popular vrth organisations acr055 the worfd, parti¢ularty in India. This was supported by an extensive webinar programme that attracted record attendance. OBJECTIVES AND ACTIVITIES The British Safety Council is one ol the worfd'5 lea(ling health, safety and enwronmenlal charibes. 2.1. Our ¢haritable objects The charity's ¢bje¢ts. as set out in its govenung document. a￿ to piomote for Ihe public beneffit." The health and safety of people and the general pu￿1¢ and the prevention of accidents, injury and disease., The protecti￿ of people and property from, and the prevenb.on and solution of. criminal ￿ts.. Environmental proteth.on and improvemenl". and Sustainable development. 2.2. Our vision. mission and strategy Our vision is that "no oné should be injur&d ormade ill Ihmu9h Iheir work" whilst tsur mission is Ihal Ive slThve lo keep people as sale and healthy as possible in their work Ihmugh educat￿ andpracti¢al guKlance". Our strategy, whi¢h underw'ns bolh our bision and rTh5>M, is to- Undertake a range of charitable activilies. amed at both bugnèsses and indivtrjuals, which seek lo improve their ¢￿￿p￿tIOnal heallh and safety upa￿"1￿"eS and perfgrmance., and Promote excellence in workplace health and safety management across the worfd by working wilh our member organisatons and by inlluen¢ing the heamh and safety agenda. These activities a￿ described in more deta￿ in seclions 2.3 and 3 below.

British Safety Council Report of the Trustees Icontinuedl For the year ended 31 December 2020 From a financial peTspeth"ve. our stregy IS to generate a surF4us on our revenue 9enerabng activities Ii.e.. our primary purpose trading acb"wliesl. and to Use this surplus. together wth our investsnenl income. to lund our non-revenue generating activitres. which largely comprise Inlluencing Ihe health. safety and wellbeing agenda. The charity Trustees believe that the British Safety Council's ￿sion, mission and strategy fulty reflect our tharrtable objects. 2.3. activiti•$ Our main activib"es. undertaken to further the chanty's purposes for the PLtblic benefit, are grouped under Ihe following headings". Im anisati nal erfomiance throu h Inforniation an¢J fec nition We are committed to sharing infomation and best pracb.ce tethnique5 to support or9anisations in the continual improvement of heallh, safety and wellbeing performance acr055 the wortd. Our magazine. Safety Management. conbnues to Garry contemporary news features and informab'on to our members and subxribers. and Ihis is supported by a range of e￿Ctr￿JG newsletters and social media engagement. We fafjilitste and co-ordinate member sector interest group5, tringing together senior health and safety professonals from a wde ran9e ol organisations to share ideas. inlomiation and experience. and to help shape cwjr thought leadership and poli¢y engagement. In a normal year, we also host conferences in the UK and intemationally. as well as contributs'ng to conferences and events across the globe In eollaboratson wAth partner organisations. During 2020. much of Ihi5 a¢tivty was postponed or Ca[￿elled due to Ihe pandemiG. This also impacted on our usual programme of free continuing professional development sessions at exhibititsns across the UK. However. we launched a series ol COVID-19 related webinars In 2020, which attracied record numbers of registrants and attendee5, to support everylhing from dealing wth the immediate impact of the pandemic to getting people back into the workplace. Our Intemalional Safety Awards and SDrd l Globe of Honour Awards continue to iecognise commitrrent and excellence in health, safety and environmental management, and we seek to promote learning from our award winnets through the publication of case studies. The pandemic affected our ability lo celebrate achievernents at tsce-to-face evènts in 2020 but special efforts were made to make up for this thiough media aCtivrt￿s and exfensive promotion In our ￿adIng Safety Management magazine. Im rovin individual'5 Ca Ihrou ualiffications and assessments and wdenin throu h innovative and efficient delive methods British Safety Council ￿¢09n1$e the value ol measuring attainment from kaming through assessment and offer a suite of qualificats.ons and digltal leaining that are flexible, cost effective and indusive in their delivery methods enabling employers and individuals lo increase their knowledge and competence. Three major innovations stsnd out in 2020 though. The launch of ￿'ve Online training. remote audit delivery and the launch of Being Well Together. reach Being Well Together is a new integrated 501ution providing for all the health. safety and wellbeing needs of an organisation. Becomiro a supporter shows an organisation's employee5 and peer5 that they are committin9 to improving their peoples. health. safety and wellbeing and in doing 50 are supporting our sister tharity. Mates in MirHI. a leadiThJ UK charity focused on promoting p0s￿'Ve mental wellbeing a¢ioss workplaces. Oue to the unprecedented situation relating to COVID-19, we now offer a selection of OLir courses Live Online. Students get all the beneffits of Stru￿u￿d da5srotsm learnin9 but wth the ¢￿VenienCe of the digital worfd. Sludying where they like. Course5 are taught by a tutorjust as they would be in a classroom. In fact, our Live Online tutors are the same tutors who lacilitate our faCe-t￿fate

British Safety Council Report of the Trustees Icontinuedl For the year ended 31 December 2020 training. Student$ It￿n remotely using a PC, laptop OT tablet and download the ￿levant sothvare in advance to gain entry. Students ran see and Interact wlh the tutor and wrth each other throughout courses. PowerPoint slides, videos and vknileboard are all lully wsble, bmth lulors able to switch seamlessly be￿en any of these media. The practical challenges of managing health. Safety and wellbeing V•ithin organisations has changed focus wlh many staff now remote wothng from their home. The COVID-19 511uation has highli9hted even more the need for robust systems and processes tts be in place, whether that's Ihe legal requirements of safeguarding slaff through to protecbng physical property. We also understsnd that audibng and consuFtancy are a vitsl seNce loi rThany of our Cl￿ntS. In order to help in this pro¢es5. we have restructured delivery of our CO￿ audit and ¢onsLltsncy semces to provide much of this on a remote basis. Enhancin anisalions. rfofmarlce thr h audrt and adviso We believe that conts'nual improvement of heatth. Safety and enviionmental management systems and practices is key to responsible and effective corporate governance, and we continue to offer a range of audiling and accreditation services to provide independenl verification in these areas for business acros5 Ihe wodd. Our Five Star Audit Programmes for health. safety and environmental m'anagement audrt remain besl in class. We also provide audit certification services aligned to ISO 45001 and ISO 14001. Embracing the challenges brought on by the pandemic we have adapted our services lo meet clients. needs through the provision of rernote 5eMces. Thi5 allows clients to be audited ￿motelY to the ISO 45001 and 14001 standards, tO9ether wth our unique suite of 5-stsr best prath'ce audit seryices. wthout compromising on the high standards Glients expect. Clients receive all the benefits ol a structured auditing process but with Ihe benefits of the initial stages carried out remotely. This is being made possible by advances in technology that allow our auditors to carry out much ol the inibal assessmenl remotely. li enables organisation5 to obtain and maintain certification standard5 thereby helping to proteth their workforce as well as win new business and retain dients. igned our launch of the Being Wel Together programme. we have launched wellbeing specthc audit and consuttancy services induding a Five-slar Wellbeing Audrt. The Five-star Wellbeing Audit is an independent, comprehensive and holistic review of an organisation's wellbeing management protocols and associated arrangements against cu￿rbI best pr3¢ti¢e le¢hnique within Ihe wdlbeing field. rovin individuals, erformanee throu h education and trainin Our education team is committed to supporting ¢ompetence development. utth'sing the very latest in educational 51rategies and le¢hnologies both O￿lne and n the classroom. enhancing the learring experience in a safe environment. nflu ncin the heal nd wellbei We continue to drive and shape the health. safety and wellbeing agenda. woth.rtg wth our member5 and stakeholder5 3¢ross the wortd to gather information, evidence and ideas to shape our policy position5 and guide development ol thought leadership matenal. We also keep rnembers in the UK and internationally updaled on the latest thinking via our monlhty policy newslÈtter. The chanty Trustees have assessed and are satisfied that each ol our activ￿"e$ are for public benefit. Vve are sabsfiet1 that we have ¢omplied with the dub.es placed upon us under section 17 of the Charlties Act 2011 having due regard to the general guidance on public benefit published by the Charity Commission.

British Safety Council Report of the Trustees Iconlinued) For the year ended 31 December 2020 ACHIEVEMENTS AND PERFORMANCE 3.1. Financial perfor7nance The charity Trustees measure the finan￿al perfornance ofthe group against a budget sel by them lor the year. The main performance indicators are total in¢ome and net income for the year compared with Ihe corresptsnding budgeteil amounts. During 2020. the group's total income for Ihe year of £7.266.704 fell short of the budgel of £10,338,469 by £3.071.765. Similarly, Ihe group's net expendrture Ibefoie 9ainwlosses on investment assets and actuarial losses on defined benefit pension) of £851,656 was rrore than the budgeted net expenditure of £34,021 by £817,635. The performancè rellecls the busines5 impacts from COVID-19 festriclions ￿SuI￿ng in the diffKult decision io reducè stsff numbers to align our costs with reduced income. We also used the Coronavirus Job Retenbon Scheme to as51$1 In mitigatin9 Ihe business impacts of COVID-19 and we have emerged into 2021 as leaner but resilient. 3.2. Promoting th¢ importan¢0 of health and safety The British Safety Council continues to en9age wth a rary of stakeholders. induding Govemment, regulators, politicians, business, Irade and profts￿on8tr bodies. academic and research organisations and charities. both in the United Kingdom and Intematonalty, to promote sensible and proportionate regulatson and rnanagemenl ol workplace health. safety and wellbeing. as well as environmental prtstethon. 3.2.1 COVID-19 An important aspect of this work is ¢ampaigning and during 2020 much of our policy and camp3KJning activity focvsed on the COVID-19 situation. The pace ol developments in thi5 unprecedented area meant keepin9 ahead was difficult. How￿Ver. we quickly clarified positionings, which then fed into our communications e.g. Otympics. 2 metre rule, face coverings, school & university safety and retum lo work. This was in no small part down to the tremendous work of the Policy & Inlluencing team, who spent significant b.rne l¢stening to Westminsier di5Gussions and announcements. as well as lia15ing with our Sector Interest Group mernber$ and taknng advice from extemal advisers. From a standing stsrt our COVID-19 aCtivit￿S quIc￿Y developed into a fully formed lactical campaign. Free mental health digilal leaming courses were one of the maj(y su¢¢essts of our campaign and aligned with ovr charitable purpose. We identified early on. the effect that COVID-19 and lockdowns were having on peoples, mental health. We then ￿lease£l five free mental heatth digital leaming course5 during the first lockdown and over 10.000 people look advantsge ofthis. Webinars fomed a key part of our COVID.19 3ctivib"es. as we attempted as quickly as possible to help. advise and aS￿st members and customers wth their many questions and concems. The COVID-19 Return lo Work Guidelines webinars and COVID-19 Assurance Assessment Service webinar5 achieved record registrahon numbers of over 700 people. Sector Interest Group ISIGI meetings have aKvays been an important source of nefv40rking and information sharing for members. but none more so than during 2020. Tradib"i)nalty SIG meetings happen 24 tirnes a year depending on the sector. During 2020. some groups like the Retail SIG met for a number of months on a weekty and Ihen bi-weekly basis. to share kno￿edge and experiences. This ultimately. helped to shape a lol of what consumers then saw in term5 01 prevention and controls. Aligning vnth the UK govemment COVID se¢U￿ guida￿, Brrtish Safety Countyl developed a detailed general Return to Work Guide and linked Assurance Assessment Serwce. Combined, these seNices provided employers wth the much-needed comfort, thal they were following best practsce guidelines. These services were promoted exlensively and internationally in markets.ng and PR activitie5 during

British Safety Council Report of the Trustees (continued) For the year ende(131 December 2020 2020. As part ol our public affairs wwk. we additionalty de¥ehJped a cirt down promolwal leafflet to support these seM¢es and promoted it to ¥1 UK MPS. 3.2.2 M"r pollution Due to COVID-19, during 2020 large part5 of our acb.vity on the Time to Breathe campaign were postponed. The major disruptive 51unt we had planned for o￿ober in Manchester aimed at driving investment In the air p￿lub"¢n m¢)nrtoring infrastructure was put on hold unts"12021. Despite Ihe lack ol stunt. campaign momenlum buitt up during 2019 ¢ontit)uèd into 2020. We skn'll received many requests from workers asking for access to tsur uniquè Canairy air pofiution monitoring app. Canairy usage data also conlinued lo build and wll prowde a valuable source ol Infomation as we rdaunch activities in 2021. In totsl. we now have over SOO supporter organisations and 1,800 gi51ered Canairy users. We also saw some positive movements from the UK Govemment around ah"gnment World Heatth Organisation's {WHOI targets. In December 2020, we welcomed aft announcement by the Prone Minister that the UK ￿11 aim to cul its carbon emis￿onS by at least 68% of vknat they were in 1990, by the end of 2030. However. we also highlighted in the pre5S that the Government's target will only be met if it is underpinned by tangible actions to deliver its arnbition. Suth athons include the Govemmenl adoptirig the W740 air pollutson targets. alkjwng electn"t onty cars in ¢ities from 2030 and improvin9 air quality measurement acr05S the UK. We also pointed out thai there 15 an earty tspptsrtunity for the Govemment to put Its words inlo acb.on by adoptsng the WHO air pollub.on targets as part of the Environment 8111 cU￿n￿¥ progressing throu9h Parliament. The Heathrow third runway was a key ali pollulion topic during 2020. The Supreme Court reversed a decision to block plans for a third njnway at the airport. which meant that developers could then seek planning permis%on for the project. The Bnbsh Safety Counal called on Heathrow Airport to provide concrete assurances that the expansion would not breach arxeplable levels of noise and air pollub"on, nd that it is compatible wth the UK'S climate policy. This meant the adililion of a new runway would not coniravene the Govemment's ambition to cut its cart)on emissions by at least 68% ofwhat they were in 1990 by the end of 2030, as well as delivei the Government's Net Zero target by 2050. The other major development aligned wtth our tampaign ￿lated to Ihe heart-breaking case involwng the inquest of Ella Kissi-Debrah. In a ground-breaking ruling, the coroner found Ihat Ella ￿'ss1-Debrah's death in February 2013 was caused by acLrte res￿ratOry tsilure, severe asthma and air pollution exposure. S¢uthvAfk Coronerfs Ctyjrt found that air pollution made a matenal contribution to EILa's dèath and ruled rn favour of her family. This wa5 a legal first. The ruling highlighted the dangets of everyday exposure lo unhealthy levels of PC*llution in lowns and aties across the UK. particularly for outdoor workers and children. Follown9 the announcement and continuin9 our support for Kissi's mother. British Safety Council called on Ihe UK govemment once more to enshrine in UK law the WHO Even though we were limited in how much activity we could physicany put in place during the year, we took the time to Start thinking more about our campaign roadmap and ultimate goals for Time to Breathe. Mirroring actiwtres across our other major campaign work. we started to embed Theory of Change modellir¥J into our thinking. Thi5 will prove valuable in future when plannin9 activities and reporting our progress against target ￿t¢oMeS. 3.2.3 Wellbeing Our founder James Tye was trLly ahead of hi5 bme when il cgrnes to the importanre of workplace wellbeing. Back in the 1980s he recognised that workplace st￿sS was increasingly damaging peoples,

British Safety Council Report of Ihe TrLJslees Icontsnuedl Foi the yeaf ended 31 December 2020 health and wellbeing and he founded the British Vvellness cour￿11 to produce messages on how lo stsy physically and mentally healthy. Wellbeing was ahvays going to be part of our 2020 carnpaign plans, albeit thing$ look a slwJhUy different path due lo COVID-19. Prior to 2020. Bribsh Safety Council had produced various papers, videos and p05￿.0n1ngs around wellbeing. We had spent 2019 planning for a campaign around p￿Sentee1$M in 2020. In fact, we partnered wjlh Vitslity Health and Rand Europe on a presenteeism research projecl aligned with Ihe 8rilain's Healthiest Workplace initiative. However, as COVID-19 took hold, it became clear that a broader campaign was needed around wellbeing. of which presenteeism would form part. We also needed to align our commercial seryices and ¢ampaigning actiwties on the subject. the result was Being Well Together (B￿1. B￿, was launched in late 2020. in the best tradition5 of the British Safety Counal_ It brings together tre lalesl thinking from experts and draws on the eyperien¢e ot. ourselves. Mates in Mind, Mercer Marsh 8enefits. Croner-i, Svs5ex Mindfvlness Centre and the National Counselkng Society. is the result of signfrfficanl researth carried out during 2020 with members on both a quantitab.ve and qualitative ba515. Sampfes covered organisations at different stages of wellbw.ng strategy development i.e.. startrng out. developing. leading. One key aspect the research showed was that wellbeing Isn't that important to people cuirentty. but is expected to grow signtficantly moving lornvard. Similar lo Time lo Breathe. Theory of Change modelling was used as the basis for our wellbeing campaign planning. Wth a roadmap and measLtrable oulcome5 core outputs. First steps have already been taken on this roadmap. British Safety Council itself becoming a BWT supporter. appointirg wellbeing Executive lead and starting lo fully embrace the prinGiples_ 3.2.4 Other campaign wo During the year. the UK Govemment launched a Fire Salety Consultation. The fire safety consultation, published alongside the draft Building Safety Bill. is a key part of the Government's package ol reform to improve bujlding and fire safety in all regulated premises where people live. stay or work and to deltver key G￿nfe11 Tower Inquiry recommendations. We engaged members to obtain thw"r feedba¢k before we produced a final response in October on their behaw. British Safety Council also called on the Govemment to provide adequate funds for the new builth.ng safety regulator as the draft Bill was finally pU￿lshe￿. 8rilish Salety Council wrote on behalf of member5 lo Ihe Hou*ng Minister Chris Pl￿her MP. asking for an urgent update on the 8uilding Safety Bill. We expressed concem at the slow progress in removing dangerous ACM cladding from high-nse ￿￿{lenti81 buildings. l)ut welcomed the Biu being published. Brexit also ièmained on our radar. particularfy as a fiC￿eal &tuation was looking highly likely for much of 2020. We started to reconnecl wth other heatth, safety and environmentsl trade a550Gialions around a jryned-up approach to lobbying aThJ the protection of worker ri￿ts. 3.2.$ Public relations Despite reduced team resource, the quanlity and qualty of our PR activities remained extremely high in 2020. In fact, due lo our activities around COVID-19. we had our third successive record year of Coverage, more than doubling coverage compared lo 2019. Key highlights.. We issued 33 press releases in 2020 Impressive improvement In reach, 251°A up on 2019 and coverage up 221% on 2019 Cov1￿19 attracted the most coverage.. postponement of the Olympic Games (March). COVID Assurance Assessment (August) and retuming lo Ihe office (Augusti Awards also received good coverage (August)

British Safety Council Report of the Trustees Iconlinued} For the year ended 31 December 2020 The COVID Assurance Assessment Service achieved the most reaGh Top channels for coverage were Workl news, UK news and UK tradellndia news In lemis of topics cOVe￿d by releases in 2020, most were COVltkrelaled160%1 followed by buildingl fire safety and air quality ITime to Breathe) Bnlish Safety Council functions that achieved the most ￿verage were aLTrdit & ¢on$ultan¢y. awards and policy & campaigns. The m4'0rity ol OLr communicalions ac"wty focused on Coronaviwus related subjects. However, we a150 responded lo the global OLrtrage at the dealh of George Floyd and the worldwde protes15 led by

blaGkli¥esmatter_ We called on everyonè to have the right to live wth dignty and free from fear.

whoever they are or wherever Ihey live. 3.3. Building under5tsnding •nd capabilrty We conb.nued to deliver products and seThices to our members and other organisatrons, individuals and stakeholders, both in the United Kingdom and intemationally to help build awareness and knowledge, to 5UPPOrt the development of capakn'lrty and competence. This is facilitated through the delivery of health, safety, environmental and wellbetng rnfornabon {pubh"cab"ons and eventslwebinars}. advice, audits, training and awards. Our e￿￿¢at￿n team eonb.nued to revise Iheir portfolio adding new products aThJ seryices. ￿￿th a firm focus on development of new. contemporary v￿mbe1n9 related product5 to support Ihe launch of Be#ig WeN Together. Our magazine, Safety Management, and the svpporbng topK guides and poster5. ¢ontinLth lo be a major component of communicatson our member organisations and subscribers. albeit they moved lo being digrtal onty as people moved to workin9 from home. We ¢ontinue to use our UK I Indian magazines and acconwanying electronK new51etters, socid media platforms and films to share inlomiation. knowledge, expertise and thought leadèrship lo help promote proportionate and effective management of health, safety, environmentsl prrjtectron and wellbeing as a key enabler for business, Social and community activity. 3.4. Cornmitting to leaderJhip and vrker èngagement The Bribsh Safety Council continues lo promote strLWg visible kaderslip on health, safety and wellbeing arhd the acb.ve engagement of the workfor¢e as core ￿mponentS of effective risk rnanagement. We use our own knowledge and experbse and that of our member organisations to inform, educate and share best prac1￿e. Our hvo award sthemÈs conlinue to play an imFortsnt role in encouraging and rewarding health. safety and environmental management excellence. To be successfvl in our Intemational Safety Award scheme andlor our Sword of Honour and Globe of Honour awar(J s¢hemes. applicants musl demonstrate that effective leadership and commrtrnent. together lhith acty.ve workforce parb"cipatson, are prominent wthin their respe¢b"ve organi5¥b"¢)ns. With the launch of our Being Well Together programme, we have also r￿ put in place the foundations for 2 new awards." The Being Well Togethef Impact Awards and Shield of Honour. The new Impact Award is designed to celebrate those cieabng meaningfvl change across health and wellbeing. The Shield of Honour recognises excellen¢e in hearth and weltseing. Various promoiional aCtl￿beS have ensured that the awards maintain a key role in the yearty caendaf, despite the pandemtc and the canrellab.on of the face-tQ-face celebrations. Our SvL)rd ol Honour I Globe of Honour awards are wholly dependent on ¢rganisab"ons athieving a Five Star out¢ome from the audit process and then 5ubmittt.ng su¢¢essful applicab"ons. As such, our plans have conts'nued to indude supporting clients who have achieve(l Four Star oul¢omè5 in the audit process onwards on theii journey to winning award5.

British Safety Council Report of the Trustees {conlinuedl For the year ended 31 December 2020 Brit15h Safety Council is ¢onstanty revising and developing the Intemational Safety Award5 to keep them relevant to businesses wodth.de and to mobvate companie5 to achieve highest standards in heallh, safety and wellbeing. The awards, in their 63rd year, re¢¢gnise and reward organisatsons that have demonstrated a true cornmilmenl to athiewng high standards of health and Safety dvnng the 2020 calendar year. The awards are now open to organisations ol all sizes, types and sectors- both member5 of Bntish Safety Counul and non-members. in the UK and intemationally. Our audrt and consuttancy products and seM¢es continued to develop predominantly driven in 2020 by the pandemic. We continue to ulilise the arTay of expeftise In the full-time staff and Assouate po¢1 as well as subject experts, lo develop leading and welkrespecled prod[￿15. Our Five Slar Audit products remain best In dass, assunng high performance and supporting continual improvemenl in healih, safety. environmen￿ tnanagement and wellbeirrfj. 3.S. Sharing knowledge and experi*n¢ We have continued to share knovAedge. expertise and thought leadership through a crynprehensive webinar programme. due to limitations in our ability to facilitate face to lare confe￿nceS. seminars and events, driven by COVID-19. The follwng webinars took place across Ihe UK and intemalionally L+ring 2020.. Managing and supportin9 people workn.ng from home Buildin9 saltty during the lock¢Jown Planning the relum to work safely Covid-19". the long-t&rm implications for health and safety Live Online trainin9, delivered British Safety Countil Return to Work Guidelines COVIO Assurance Asse55menl service. delive￿ tw.ce Much of the planned event activty was obviously poslponed or canceled due to Cov1￿19 in 2020. This included events such as the Heatih & Safety Event- Excel and Health & Safety Expo- NEC. a$ well as our planned support for the Air Qualty ConlerenGe Noth. During the year. we kept up dialogue with the Vari￿J$ event organisers camed out acbvithes lo keep engagement going wth their lar9el audience. This includeil rePresentat￿n at the Safety & Health Expo Digltal Vveek, vthich consisted ol a week of webinars on variou5 topics. The organisers of the NEC evènt produced a regular newsletter and helped us promote oui free and paid for COVID-19 services. Brit¥sh Safety Coun¢il's sector interest group$ bring together health and safety professionals from organisati¢￿$ wth shared interest and across specific sector5. We ran sector intefe51 groups for. Manufaduring, transport and lc8isb.cs Healthcare Construction Stadia Retail Housing and local aulhonts"es. Sector interest groups norrnally meet three to four b.mes a year. usualty rotats.ng belween members, premises. They comprise a policy update from the British Safety Counal and an opportunity to share in confidence recent successes and b.mes things have gone wrOng-"Sha￿ with pain. share wrth pndè.. A biief note of meetings is sent to membefs. In addition to regular agenda ilem5, the British Safety Counal invites 9uesl speakers ol interest and the hosts often provide a lour of their site. 10

British Safety Council Report of the Trustees Icontinuedl For the year ended 31 December 2020 Unlortunately, Cov1￿19 pul a slop to the face-t￿f3¢e meetings, bLrt these were replaced wth mo frequent virtual meetings. Much of the content remained the same as usual but there was a firm focus on how organi5afions were dealing wrth Ihe pandemic too. particularty wthin the Retail SIG, who also ¢ho8e to meet weekty at some points durin9 the year. Oui monthly magazine Safety Management was pU￿ished in 11 monthly edibons albeit il moved to a digital only format as many member staff started working from home. Brtli5h Safety Council staff ¢ontsnued lo Gontribute iegularfy to trade press across the sector. 3.6. Scottish activitses The British Safety Council relain5 a strong and athve membership in Scodand drawn from sedors including construction. energy and utIl￿e$. manufacturing, puWic 5erwces and tran5PQrt. 3.7. Fundialsing a¢tivitl•s Sectson 162a of the chanb.es Acl 2011 requires chanties lo make a statement Trgarding fvndrarsing activities. Mthough we SJO not undertake wdespread fundraising from the general public, the legislation defines fund raisiro as '501icrting or otherwse procunng money or other propety for charitable purposes." Such ￿￿OUntS reCeiVa￿e are p￿sented in our financial statements as in¢ome from chartsble actiwts'es ufider-lmpromng irthYi¥idual's performance through education and training" and includes donation5 and grnnls. In relation to the above, we confim Ihal all solicitsb.ons are Tnanaged inlemalty. wthoul involvement of commeraal participators or professional lund-raisers, or thifd path"es. The day40-day management of all income generati(bn is delegated to the Exe¢uts"ve team. which is a¢¢ountable to the Tru$tees. The charity is not bound by any regulatory scheme and, given the small scale of our fvnd raising. the ¢harity does not consider il ne¢essary lo wmply wilh any voluntary code of piactice. We have re¢eivèd no Gomplaints in relaD"on to fundraising actiwties. Our tems of employment requi staff to behave reasonably at all bmes.. we do not approach In¢Jividuals for lunds nor do we consider it necessary to design specthc procedures to rr*￿il0r such actNib"e5. 3.8. Disabled employ••s The Group welcomes applications ft>r employment from disabled pewsons and appoints where the andidate's apliludes and abilib"e5 are consistent adequately meeting the requirements of Ihe job. Opportunities are available to disabled employees for training, career development and promotion. Where existing employees t)erome disabled. it is the group's poliry to provTde continurTr3 employment wherever practicable in the same or an allernative position and to provide appropnate training to achieve this aim. FINANCIAL REVIEW (including Strategic Reportl 4.1. Perfomiance of the group and ¢harity The principal funding sources ofthe group in the reporb.ng period were [r￿rne from rts primary purpose trading a￿￿tIeS and investment incMIe_ The group's income for the year totalled £7,266,704 which was 28°A less than the £10.043.922 achieved in 2019. Thts largety reflects decreased income from thè group'5 plimary purpose trading activities due to the impact of COVID-19 on trading conditions. Income Include5 govemment grant income support under the Coronavirus Job Retenuon Scheme I'fvdough support'l of£447,625. The group'5 expenditure in the year totslled £8.118.360 which represents a deuea5e of 25% on the

British Safety Council Report of the Trustees Iconlinuedl For the year ended 31 December 2020 £10.794.436 inojrred in 2019. This decrease largely reflects the group'5 primary purpose trading, activibes reduced due to the impact of COVID-19 on trading conditions. The group incurred a net deficit {before1055es on our investment assets and losses associated with the legacy pension schemel of £851,656 which represents an aifver5e movement £1 OS,107 on Ihe deficit of £750,514 achieved in 2019. losses in investrnent funds of £113,861 12019.. £1.400,916 gain) and an actuarial loss in the legacy pension scheme of £697,000 {2019". £224.0001 the overall (Je¢rease of fvnds in the year was £1,671.045 wnpared wth an increase £426,402 in 2019. To fairfy present the aCtiV￿eS of the Brilish Safety Counol we have summarised our finantial results into five categories: Improving organisational performance through information and recognib"on'. Improving individual capability through qualifications and assessrnents". Enhancing organisational performance through auditing and advice. Improving individual perfomance through educab.on and training- and Influencing the health and safety agenda. These categories represent all the acb.wbes outlined eadier in this document. The surnmary of the financi71 resuhs. as set out bebw. should be read in conjunction wth the financial statements and related notes.. Nel income/fexpendifure) by activity LknreGtri¢ted lurnds Reictsd lunds Totsl Totsi fvnds 2020 2020 2019 101.692 108,692 430.917 1498,1801 14&9.254) (733.Sl 11 1333.033} 158.683 111.705 13eo.0s91 189.0971 1487.S941 1456.8341 ugary5alw and sndill￿1.S capaixlily tImTh￿ È5sssm•Ms EnTh•rtirwJ Org￿lS3ll0￿$ pwtKm8rto ￿11￿4 knpr(Nry in(h%4dual'5 pethnance thwjh IrwrAt4 hluEncirg Ihp health and 5thy apwda 4J).917 I4￿,160) 1489.2541 1454,8921 fJ33.0331 1276.6191 OthBr I￿ame 391.S3S 261.896 146.828) 1113 861} 1122.8391 P74.5191 447.625 261,896 146.8281 416.810 (44 131) 1.400,916 Iwslmenl manaywn8N costs 053y9ain ￿ inw51merrt assas Tian51u5 betEen Net {•xPendilureyin￿rne 121839 9.IW2 6$0.402 bsses ￿ dESned berefft SCI￿ne rjhw ga￿slO0S5e91. cUr￿¢Y irartsLqt (697.0th)I P.5281 1697.000) {8.528} 1224.OOD} Net momeTrt in l￿d* 17,600.0471 11.671,04S} 426.402 Impmving organisalit>ns performance through infonnat￿n and ￿CognI{10n generated income ol £1.669,355 during 2020 from membership subscriptions. our events and abrdrds and publications. Thi5 was £436.833 lower than the £2.106,188 achieved in 2019 mainly due to a de¢linirvJ number of members. Overall expenditure on these ath"vib"es in 2020 decreased by £756.042 10 £1,238.438 {2019". £1,994,480). Incolne from Improving IndrV￿Ual capab￿lty through quaIrf￿at￿s and assessments has decreased by £701,055 to £284,73712019. £985.792) rellectin9 a reduction in our regulated qualifications, followng deci5ton lo withdraw from this acts"vity. Expenditure was £782.897 in 2020 {2019. £1,345,851}, which is £562.954 less than the previtsjs year. 12

British Safety Council Report of the Tiustees Icontinuedl For the year ended 31 December 2020 Income from Enhancing organisat￿naIperf0mjan¢e through audrting and advisory come from the fees charged for the provision of audit and ¢onsuttancy Se￿￿$. Income of £1,362,570 in 202012019". £2.403.1181 represents a decrease of £1,040.548 Compared to 2019. Expenditure decreased from £2,492,215 in 2019 to £1,851.824 in 2020. Income from activities relah.ng to our aim of Improving individualperfomance Ihrt>Ugh eduGafyon and Iraining is from the fees charged for Ihe provision of trainin9 and ￿eamIng solutions. Income of £3,131.829 in 202012019.. £3.973,3311 was down by £841,502 and expenditure de¢￿ased by £595,585 10 £3.865,340 from £4.460.925 in 2019. Expenditure incurred to support Intluencing the health andsafety agenda de¢￿aSed by £123.801 to £333,033 in 202012019.. £456,834). Other income includes govemmenl grant income support under the Coronavirus Job Retention Scheme I"furlough support'l of £447.625. The British Safety Counal received investment income of £261.896 in 2020 {2019. £416.8101 which is a decrease of £154.914 on the previous year. The nel losses on Qur investment portfolio were £113.861 12019". garn of £1.400.9161 which reflected market conditions. The FRS102 acbjarial loss ¢)n our legacy penson sd￿me in 2020 was £697,000 compared vthh a los$ of £224.000 in the previou5 year. The last triennial actuarial review ol the scheme was coM￿eted as of 1 October 2018. The next tn"ennI￿ valuab.on is lo be performed effeGb"ve 1 O¢tober 2021. 4.2. Assets The Bnbsh Safety Council own5 the freehold of its head office building in West London. The office provides accommodation for carrying out training Gouises, conferences and administrative acttvilies. The land and buildings have been I￿￿ded in the financial statements at a carrying value of £1,768,743 12019. £1.801.243}_ The 8riti$h Safety Counril has invested in equities arbd fixed Inte￿St stocks. On 31 De¢ember 2020. the value of the portfolio was £10.004,14012019.' £11.875.194}. 4.3. R¢$•Th•s The group's reserves are those unTe5tricted ftmd5 that are freely available lo spend on any ofthe chanty's purposes. They therefore exdude tangl￿e and intangible fixed assets held for Ihe group's own use, amounts designated for essÈnb"al lulure spending and amounts set aside to mal¢h the amount of the group's defined benefit pension liability. They also exclude reserves held by Mates in Mind, a sul)sidiary ofthe charity. vthich are ￿striCted. The charity Trustees designated funds totaving £2.363.2TO12019." E2,729,8221. whrch match the net book value of the group's tangible and Inlan9ible fixed assets excluding those held by Mates in Mind. Remaining unrestricted funds lexcjuding the ￿nSIon reservel amount to £9,690,52912019.' £10,640,964). The chanty's free reserves amounl to £7.708.52912019'. £9.021,9641. The charity's free reseNes in 2020 have been impacted by COVID-19 Ihough conbnut to bè above the minimum level sel by trustees. The reserves proV￿e ffin8nrial and operab.onal 5tsbility. This in tum enables the group to belter meet rts charilable objects. The reserves policy is revie*Ed annualty by the Board of Trustees. It has thrèe elements". Part of the charitys reserves shall be deygnaled in respect ofthe charity'5 fixed assets; The charity Shall maintsin free reserves at a level no less than a minimum level approved by the Board. This minimum level is sel at £5 million and is irbtended to provide 5UPPOrt the charty's obligations and ils pension scheme In adverse urcumstances., and The charity shall conts.nue to maintsin free ￿ServeS ai a level in excess of the minifflum for the fdlowng reasons". 13

Brltish Safety Council Report of the Trustees Iconts"nuedl For the year ended 31 December 2020 The investment fund. which essenb.aly backs all of the minimum level of free reser¥es may flurluate in vue". and o The charity desires to maintain organisabonal 5tsbilty aThJ the ability to respond rapdly to major opportunities and chalenges. Note 12 prO￿deS further informaiion aboul the deswJnated arKI ￿n￿Stricted reserves. 4.4. Subsidiaries The charity has th￿e 100% owned subsidiaries.. 81 eritish Safety Coun¢il Sales Ltd. which trades in the Unrted Arab Emirates b) Males in Mind, which is a charitsble company", and c) British Safety Council Ilndial LLP. Except for British Safety Council Ilndial LLP. whith is incorporated in India. all subsidiaries are regislered in England and Wales. Summary results of the subsidiaries are set out In note 8. 4.5. Inv•stmgnt policy Our investment policy is established in accordan¢e wlh the ¢hanty's arb.des of association. Under these. the charity enjoys wde investment powers, speafically to.. Invest fun¢Js". Employ a professional fund manager." and Arrange for the investments or other property of the charity to be held in the name of 8 nominee. In the same manner and subject to the same ¢ondition5 as the Trustees of a twst are kmitted lo do by the Truslee Acl 2000. These powers are exercised by the Investment Ctxnmittee, whF"ch under ils term5 of ￿re￿nCe, acts for, advises and reports to the Board on all matters concerning the management of the charity's tnvestfflents. Day lo day management ofour investments has l)een delegated lo the profe5$10nal fund manager, Inveslec Wealth & Investment Ltd. The overall objeth"vs set out in our investmènt poliq are to create suffi¢ient income and ¢aiital gr to enable the charity to carry out its purposes consistently year by year wlh due and proper consideration ol future needs and the maintenance ol and, If possible. enhancement ol the value of the invested funds while they are retained. The long-term objective of the portfolio is a total retum of RPI plus 3.5% p.a. underpinned by an income yield of apprO￿rnately 3% p.a. The portfolio delivered a total ￿turn of 2.3% versus a benchmark return of 0.4%. The objective is to be achieved by inve5b.ng in a mix of equitses, bonds. ¢ommercial propety and other asset classes. 4.6. Ponslon liabilitiès The charity is the principd employer ofa defined benefft scheme, ￿lch Is closed to new entrants and no future beneffits are accruing. Thè charty's liability frjr the scheme's obligations {net of scheme assets), as determined by an Independent acbjary, at the yearond amounted to £1.982,000 12019.. £1,619.0001. The charity Trustees. policy is to maintain a pension reserve equal in value lo this net defined benefft liability, and lo maintain free reserves al a level of at least £5 million. in part to provide Sup￿ for the chaiity's obligatNMs lo the pension s¢heme. In 2016, the charity ente￿d a deficit re¢overy plan vthh the pension scheme Twstees, under wthi¢h the charity rnakes contribution5 to Ihe scheme 01 £336,000 per year from 1 Oclober 2016 with the deficrt eliminated by 30 June 2021 wth a one-off lump sum payment ofjust over £1 m. In April 2020. due to 14

British Safety Council Report of the Trustees Iconlinued) For the year ended 31 December 2020 COVID-19 the trustees look the deasion to delay the m¢)nthly repay￿nts however payments were caught up in De¢ember 2020. 4.7. Principl risks and uncertainties faciThJ the group At the time of approving the Trustees, report and financial statements. the top organisalional risk was the impa¢t of global economic changes on our primary purpose Irading actikilies. Other risks include.. Financial risk management Our aclivib.es expose us to several finan¢i risks i￿lUding credit risk, market risk, foreign exchange risk. cash flow risk and liquidity risk. We did not use any financial derivatives during the year under review. Credit risk Our credit risk is attributable to trade re￿1vableS. whKh is managed through ¢redit contr prKesses. Market risk Our investments are subje¢l to Ma￿et movements that may res￿1 in realised and unrealised losses. We manage this risk through Ihe use of professional fund managers. Our investrnenl policy is explained above. Foreign exchange risk Our pnmary purpose trading activities. including our Indian subsidiary, expose us to the risk of changes in foreign currency exthange rates. We yeneralty create a natural hedge by denominating our Income and expenditure in the same currenry. specifically. where possible we denominate income contracts In Bnbsh pounds. We did not use foreign exchange fOr￿drd contracts during the year. Liquidity risk The group maintsins signthcant reserves. which are largely backed by our investment fvnd. A significant proportion of our investments are held in ¢ash aThJ bonds. which are available to meel our liabilities as and when they fall due. 4A. Going concarn The charity Tnjstees consider that Ihere are no malenal unGertainb"es about the group's ability to onlinue. After making enqulnes, the charity Truslee5 have a reasonable exP￿tIon that the gfoLtp and charity have adequale resources to conb.nue In operational existence for the foreseeable future. Accordin9ly, they contsnue to adopt the going Con￿ basis in preparing the Trustee report and financial slalemenls. The trustee$ are supports've of the charitys reSE￿nSe to COVID-19. The effect of COMO-19 ha5 been assessed by the trustees by reviewng the Charty's ongoing forecasts and projections during regular COVID-19 meetsngs to ensure that the charity remains financially viable. As a result. like many other charities, the Trustees have made some difficult decisions lo reduce costs a substantial number of staff put on furlough and a cestruciuring of the charity at the end of October reducing staff number5 by a third. The reslructuring of the business. reducing staff numbers by a third. has significanuy cut the cost base. This together with a shift in product mix lo hvJher margin products ha5 re5utted in a more Stable outlook for 2021. wrth regards to 2021. the most slgniftsnt areas Ihat Will affect the charity's net assets are the level of income, inveslrnent fvnd perfomance and dividends and an increase in Ihe liabilrties of the defined beneffl pension scheme. The charity has impmed rts forecasting and budgebng process lor 2021-23 using intemally created models for best and worst case scenario planning which have given the trustees ¢onfi4en¢e in adoptsng the going ¢on¢em basis. 1S

British Safety Council Report of the Trustees IconlinLiedl For the year ended 31 December 2020 FUTURE PLANS COVID-19 continues to have a huge impact on our or9anisation, wthether that'5 finanual or people Telated. Athough we have weathered the continuing storm well due to strong. quick and deasive action. there are actions that we st'll need to lake in 2021122 and beyond to ensure that the organisalion continues to recover. We are a smaller org3nisab.on than in the pa$t bLrt Vith a firm platform from which to grow back lo previous levels and beyond. Specific 2021 obje¢bves are.. Increase our impact by embedding wellbeing to properfy sit alongside health and safety in support of our overall belief that"No one should be inivred or made ill through theirwoth" and reflect this in everything we do as a charity, in partcular in respect of campaigning. Make significant progress in becoming an exemplar in wellbeing as we are in temis of health and safety. One aspect of this swll be addressing known cultural issues, locusing on leadership. behaviours. perfomiance management. and being more prtsa¢tive in temis of inclusion and diversity. This is a key inth'al step in our wdlbeing campaigning roadmap. Improve the cy51omer experienrx, increase online sales I self4erve, and increase efficiency by belter utilising technology. Embrace the new never nom)al world. becoming more agile. innovatsve. flexible. operating ￿th a slart-up mentality. taking deasions faster. delivering in shorter tirrescales. making strategi¢ development a continuous process. and being prepared to change organisats'onal objecliveslpnorities in line wlh ¢hange5 in the extemal en￿ronrnent_ Return to sustainable profftable 9fowth through a combination of.. Targeted incTea5es in revenues, partKularfy in respect of Wellbeing, Mates in Mind. Audit, In- company an¢J Public training Maintaining a very tight control of eosts Improvirg the cuslomer experience., and o By keeping dose to the markets we operate in. ￿ investing for grovAh at the right time to maximise opportunities li.e.. given lead b"rne5. don't wart until recovery has occurred to decide to reinvest} in line wth our evolving strategic priorilies. To meet these corporate objectives, we have defined several overall priorib"es.' Rebooling our campaigning acb.wty Supporting a largety remote business by improving our techno109y Starting to reinvest in the Iwo main technology projects that support working differently Investing in our people lan¢J their wellbeing} and Improving our ¢uttuie Stsrting to operate In a new way in the new worfd Investing in technology to improve Ouf producls. servtis and efficiency Improving our produc15 1 services. In addith.on lo investrnents rnade in areas such a5 wdlbeing, mental health ar￿ Temole 5ervTce prov15ion. the following are fvrther key areas that have been identifi'ed as areas of opportunity to research, develop and ¢•talise on in 2021 and beytsrKI. Increase market share ol NEBOSH NGCIIGC 4bith O n Book Exams OBE the intrtsdudion of OBE for flagship NGC and IGC qualifications in 2020 has removed some of the challenges and costs of delivery of learning and Gruaally, 3$5essrnent in both UK and Intemabonal markets enabling us lo reach further and compete vhth organisations who have local presertce and matet share aThY use our brand advantsge Whe￿ possible. COVID restn"¢lions resulb.ng in virtual classroom ￿arnIng has created a more level playing field. ase in frorn rivate dele ate market- markei and competitor insight and experience from new Senior Head of Education. strategic planning wll take place in Q1 2021 to increase our market share of privale delegales ¥thich will provide 51)me benefit In 2021 and increase in 2022 an¢J 2023. More efficient and flexible live online training options that are most cost effective for individuajs will support this. 16

British Safety Council Report of the Trustees Icontinved) For the year ended 31 Decembei 2020 Increase income from ublic trainin we wll in¥esti9ale ifthere is an opportunity to increase reach, income and profitability from additronal public venues. This needs to be balanced with our ability to deliver quality training Live Online. and blended: flexble, I￿lUsive quality training options that are ahead ol our competitors. Branthing out irrto wellbeing trainiThJ enables a¢¢èss to a wider market to support tris. Review and Im rove customer ex erience and su ort for di tance and di arners- over the past few year5 our in¢ome from distanfje leaming has declined with rdatively poor service delivery compared wth leaders in Ihe distsnce leaming market. In contrast, income frgm digltal learning has in¢reased, hO￿ver there is opportunity to 5ignthcantsy improve the seNce delivery and quality of learning and aftef sales support. Th¢s in lum lead to better reputats"on. markeb'ng and in¢reased sales. Inc￿ased and holisti¢ f(xus on ta et sedor$- Capitalising on lessons learned in previous years Isuch as working with stadia and retail) and more prominently dunng COVID-19. we are idenbfying target sectors that are in need of otjr services le.g.. NHSIHealthcare and university and FE sector) or are experiencing particular 9rowth in current markèt le.9.. logisli¢sl. To be successful the focus must be joined up and multi-departmental, wth policy and cc¥nmunication, membership and Sector interest groups as wetl as events and awards all focused C￿ supportin9 the target sectors to build bland value and impact. vknich wll in tum increase our marketing and sales opportunities. The new sales structure is being put in place wth this strategic approach in mind. Cont4'nue develo Live Online trainin mote audrtin Our strategy is lo ensure we remain ahead ol our competitor5 and abreast of new entrants to an easier to access digital market. Quality of products and delivery must be enhan¢ed with fit for purpose software and teaching methodologies. roved Client ex erience and effioenc - to enable organisab.on to stay abreast of compeb"tors, appeal to a global and expandin9 market and grow in line wth hjture busnÈss plans this is key. Initiatives such as developrnent of Moodle. our website and increased opportunities to 5ell-serve will underpin this. New culture chan ikn"e4) for India- 5parate invesknent case produced. 17

British Safety Council Report of the Trustees Iconlinuedl For the yeaf ended 31 De￿rnber 2020 STRUCTURE, GOVERNANCE AND MANAGEMENT 6.1. Governing document The govemance arrangements are set out in the British Safety Couwl's articles of assouation as updated on 19 April 2011. 6.2. structure Al 31 December 2020, the Bribsh Safety Council grwp ccwnprises Ihe British Safety Counal and three olty owned subsidiaries, British Safety Council Ilndial LLP. British Safety Counol Sale5 Ltd, and Males in Mind. The ieport of the charity Trustees. strategic report and consolidated financial slalements cover the charitable entity the th￿e subsH*'aries. The charity is a C￿npanY limited by guarantee not ha￿n9 a share capital incorporated in England an Wales. The charity and its subsidiary charity Males in Mind are registered charities in England and Wales with the Chanty Commis&on and with the Office of the Scottish Charity Regulator In Scotland. The mernbers are the charity Trustees of the ¢ompany. In the event of the charity being wound up, the liability in respecl of the guarantee is limrted to £1 per Fnember of the company. 6.3. Our Board and Management Our Board of charity Trustees is currenuy made up of 12 Trustee5 who are also member5 and Directors of the rharilable wmpany Ilhe Gharityl. They set our strategic d1￿ctiOn and are responsible for making sure we uphold our values and governance and delNer our obJ"ectNes. They guide, advise and 5UPPOrt the Chief Execubve. decide how we $pend our money and approve our budgets. They review a schedule of matters reserved to them and delegale certain re5ponsibilitses to Board ¢ommrttees and the Executive team. outjirted beltsw_ The charity Trustees have delegated management of the group to the Chief Executive reports on perftsman¢e againsl the stratègic plans and budget approved by the chanty Trustees. The Chief Executive is supported by the Executive team, each member of which is responsible for discrete ¢rgani5alional ftjncbons. The names of the Chief Exewtrve and Executive team members are sel out on the last page of this document. The Board of charty Trustees exer¢ise its oversight and assuon¢è role thrthjgh a range of mèans. Our Board is structured as follows.. Board of Trustees The main Board Of ¢harity Trustees meets at least quarterty lo remew perfomian¢e and to shape the longer-term fvture of the organisab.on in partnership with the Chief Executive and Executive team. Audit and Risk Committee The audit and risk committee meets at least tsM"ee each year to review the group's system of inlemal control and ils r15k register. The committee also oversees the audit of the group's report and financial statements. Inv•stmenl Committee The investment committee meets at least ts¥ice each year lo review the charity's reserves policy, inve51menl stfategy an¢J petfomian¢e of Ihe investsnent fvnd. 18

British Safety Council Report of Ihe Truslees Iconts"nuedl For the year ended 31 December 2020 6.3. Our Board and Management l¢ontinuedl Campaigns Committee The campaigns committee meets three times per year lo agree policy positions to underpin our inlluenGing and engagement a￿"￿tieS and all pU￿1C pronouncements in our own publications or the media. Qualifications and Award5 Comm•tt•• The qualifications and awards committee meets Ihree times per year lo oversee the activities of our Ofqual re¢ogni5ed awarding bo<ly. The administration of the Intemalional Safety Award and be$1 pracbce award scheme5 (Sword, Globe and Shield of Honourl are also be overseen by this clynmittee. Bèlng Well TogÈth•r Committ•• The being well together committee meets as required and ¥Mth the Execulive Team on strategic planning. reviewiny overdl progress against the strategic plan arbd its objeGtives, overwew of the composition. purpose and contribution of the wellbeing Technical Panel and overgght and management of spe¢tfi¢ health an¢J wellbeing related risks. Remunèration and Nomination Committéè The remuneration and nomination Committee meets in January and November and additionally as required. ￿th regards to remuneration, the role of the committee is t¢ agree the tramework or broad policy ft)r the remunerats.on ol the Chief Executive. and. with the advice of the Chief Executive, Ihe terms and condition5 01 ihose who report dI￿¢11Y lo him. In addition. the committee revièws and notes annualty the ￿MUner3￿.0n trends across ihe organisation and oversees any major changes in employee bene￿1$ structures_ It also monitors Execubve perf0mlan￿. With regards to nominalion, the role of this committee is to regularty ￿VIeW the structure, size and omposition including tre skills. kncAYledge and experience required of the Board cunpared to rts current ptrsition, and to make recommèndations tts thè Board regarding any thanges. All the charity Trustees have been appointed through personal recomrnendation or putAic advertisements, followe¢J by interview. On appointment, charity Trustees undergo an induction process lo brief them on their legal obligalitsns under charity and company law. the content of the memorandum and articles of association. the committee and deciston-making processes. the 5trategi¢ plan and retènt key decisions by the Board. Induction also indudes a presenlation. a meeting wih key staff and the provisTrDn ol company ttruments and Gharty Commission publicats"ons. All the charty Tnjstees have experience at senior levels in other professional and voIL￿tary capauties. Chan'ty Twstees are encouragèd to attend further training. 6.4. Risk Management The ¢hanty Trustees are responsible forthe group's nsk management and the effectiveness of Intemal Contr￿ systems. As part of the group'5 regular procedures the charity Trustees and Executs've team examine and review the major risks to which the group is exposed. It is recognised that systems can only provide reasonable. bul not ab5¢1utÈ. assurance that major risks have been adequately managed. To this end the risk analysis schedules are presented b￿annUallY at the audit and risk committee and annually to the Board of Trustees. An impact analysis has been undertaken. responsibilibes defined. and actions taken lo manage those risks, wherever possible. The ehanty Trustees are satssfied that those major risks as identsfied have been adequately managed, where necessary. The biggest risk to the charity is the economic and market risk and uncertainty ¢￿ated by COVID-19 wilh the biggest global recession in 300 years. Imth businesse5 1ookn.ng to cut their discretionary spend and membership and training considered discretr'onary spend these areas of the charity a￿ Conside￿ lo be more al nsk by a prolonged economic impact from COVID-19. 19

Britlsh Safvty Council Report of the Trustees Icontinuedl For the year ended 31 Decembei 2020 The financial risk of the tharity not being able to meet its business plan in light of COVID-19 has been mitlgaled through Ihe restwctLtring to reduce fixed cosls and tracfvng and monitoring of Ihe business through forecasting. The finan(ial risk of adverse impacts to the chanty's investment fvnd are ¢ons4dered high. The investment ftJrKI'5 reserves are considered crucial to the charity from a rainy- day perspective. to give the charity the ability to pursue its charilable causes and invest in the expansion of the charity in the fvture_ REFERENCE AND ADAIINSTRATIVE DETAILS Referenre and administrative details of Ihe charity are set oul ￿ last page of this document.

British Safety Council Report of the Trustees Iconlinuedl For the year ended 31 December 2020 TTU$t¢es' responslbilities forthe consolidated financial statements The Charity Tnjstees (who a￿ also Directors of the British Safety Counul for the purposes of company lawl are responsit4e for preparing Ihe Trustees. report, slrate9iC ￿Port and the financial statements in accordance wth applicable law and regulations. Company law requires the charity Trustees to prepare financial slatements for each ffinancial year in accordance with Unrte<l Kingd￿￿ Genefally Accepte(J Accounting Practice (Unrted Kingdom Accounting Standards and applicable laws}. Under company law the charity Tfustees must not approve the financial statements unless they are salj"sfied that they give a true and fair view of the affairs of the charity and ol the incornin9 iesources and application of resources. induding the income and expenditure, ol Ihe charity for that period. In preparing the finanaal slatemenls. the charity Trustees are required to.. select suitable accounting policies and then apply them consisfentty". make judgements and esbmates that are rèasonable and prudtnt". state whether applicable accoijnbng standard5 have been followed, subject to any material departures dise105ed and explained In the financial statements.. and prepare the finantial statements on the going concem basis unless it is Jnappropriale lo presume that the charitable group will continue in business_ The charity Trustees are responsible for keeping adequale accountir#J records that are sufficient to show and èxplajn the Ghanty's transa¢b"ons and disd05e reasonable accuracy at any time the financial posilion of the group and parent chanty and enable Ihem to ensure that the financial statements comply with the Chartbes and Trustee Inveslmenl Iscotlandl Act 2005 . regulation 8 of the CITantses Accounts (Scotlandl Regulabons 2006 las amended) and wth thè requiiÈment5 of the Companies Act 2006. They are also responsible for safeguarding the asset5 of the group and parent charity and hence for taking reaSona￿e steps for Ihe prevention and detection of traud and other irregularities. In so far as the charity Trnstees are aware.. there is no rele¥ant avdil Informatlgn of which the chantsble company's auditors are unaware". and the Trustees have taken all steps that they ought to have taken to make themselves aware of any levant audit inlofmation and to establish that the audÈtors are aware of that informab"on. The chaiity Trustees are reSponsi￿e for the maintenance and integrity of the corporate and financial inlormatson included on the ¢haritable company's webslte_ Le9islation in the United Kingdom goveming the preparation and disseminatson of finanryal stslemenl5 may differ Irom legislab.on in other jurisdictions. Auditors BDO LLP were re-appointed as auditots in accordance with sects.on 485141 of the Companies Act 2006. Lawrencè Waterman on behalf of th• Board The annual report and strategic report were approved by the Board and s￿ned on its behalf on 28 July 2021. 21

Brilish Safety Council Independenl Auditor's Report For the year ended 31 December 2020 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF 8RITISH SAFETY COUNCIL Opinion on the financial $tstements In oui opinion. the financial stslements". give a twe and fair wew of the state of the Group's and of the Parent Charitable Company's affairs as al 31 Oecernber 2020 and ofthe Group's incowning resources and ap￿IcatIon of resources for the year then ended, have been properfy prepared in aCcO￿ance United Kingdom Generally Accepted Accountin9 Pra¢lice", and have been prepared in accordance wilh the requirements of the Companies Act 2006. the Charities and Tru51ee Investment (Scotlandl Act 2005 and regulations 6 and B of the Charities Accounts (Scollandl Regulations 2006, 35 amerled in 2010_ We have audited the financial stslements tsl BrJkn"sh Salety Council I'the Parent Charilable Company'l and its subsi¢Jianes 1.the Group") for the year ended 31 Decembei 2020 ￿1c￿ comprise the consolidated statement of financial activitie5 lincorporabng an income and expenditure 5tatementl. the consolidated and pa￿nt charity balance 5heet5. the Consolidated cash flow statemenl and notes lo the financial statements. induding a summary of significant accounb.ng poliues. The financial reporb'ng framework that has been applied In their prep3rats.on is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in ihe UK and Republic of Ireland (United Kin9dom Genefally Accepted ACcounb.￿4 Pracb"cel. Basis for opinion We conducted our avdil in accordan¢e with 1ntemab.onal Standards on Audrting IUKI IISAS IUKII and applicable law. responsibilities uThJer Ihose standards are fvrther described in the Auditor's respon%bilibes for the audit of the financial statements section of our report. Vve are Independent of the Group and the Parent Charitable Company in acCr￿danCe wth the ethical requirements relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fuffilled our other ethical responsibilities in acttsrdance wth these requirements. th believe that the audit evidence we have obtained is sufficient and appropriale to provide a ba515 for our opinion. Conclusions related to going conc?m In auditsng the finanaal statements. we have co￿lUded that Ihe Trustee5' use ofthe going ¢on¢ern basi$ of accounting irb the preparab.on of the finanrAal statements is appropriate. Based on the workwe have perfomied, we have not idents.fied any material uncertainties relating lo events or conditions that, individualty or colleGlively. may Ga5t signifi¢ant doubt on the Group and the Parent Charitable Company's abdity to continue as a going concem for a period of at ￿ast fv￿1ve months from when the financial slalements are authorised for i$sue. Our responsibilikn.es and the ￿Spon￿bIlItIeS of the Trustees vAlh respect to g￿￿9 concem are described in the relevant sections of this report. Other inforniation The Trustees are responsible for the other information. The other Information comprises the Information included In the Annual Report. other than the financial statements and our auditor's report thereon. The other information comprise5." the Chair and Chief Executive's Report and the Report of the Trustees. Our opinion on the finanaal statements rloes not cover the other infom)ation and, except to the extent otherwise expliciuy stated in our report, we do noi expre55 any fom) of assurance conclusion thèreon. Our reSpOn￿bIlty Is to read the other information and, in doing so. consider whether the other information is materially inconsistent wth the financial staternents orour kno￿edge obtsineLI in the audrt or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether Ihere is a material misslalement in the financial statements or a malerial misstatement of the other information. If, based on the work we have performed, we conclude that there 15 a material misslatemenl ofthi5 Other inform*ion. we are required to report that fact.

British Safety Council Independent Audilorfs Report Iconlinuedl For the year ended 31 Decernter 2020 We have nothing to rewt in ihis regard. Other Companie5 Act 2006 reporting In our opinion, based on the work undertaken in the course of the auth"I". the informalion given in the Trustees, Report, which indudes the Directors, Report and the Strategi report prepared for Ihe purposes of Company Law, for the financial year for which the financial statements arè prepared is consistent with the financial 5tatements,' and the Strale￿¢ report and the Directors, Repon. which are indLwJed in the Trustees, Report. have been prepared in accordance wilh applicable legal requirements. In the light of the krwdleoge and understanding of the Group and the Parent Charitable Company and rts environment obtained in the course of the audiL have not identsfied material misststement in the Strategic report or the Truslee's report. We have nothing lo ￿port in respect of the following matter5 in relats.on to which the CompaniesAcl 2006 and the Charitie5 and Trustee Investment Iscouandl Act 2005 requires us to report lo you if, in our opinion". proper and adequate a¢eounkn"ng records have not been kept by the Parent Charilable Company, or returns adequate for our audit have not been received from branches not visited by us, or the Parent Charitable Companyfinanaal statements are not in agreemenl wth the accounting re￿rdS and returns.. or certain disdosures of Directors, remuneratr'on speufied by law are not made", we have not received all the information and explanatsons we require for our audit. Responsibilities of Trustees A5 explained morÈ fijlly In the Trustees. responsith'libes for ihe consolidated ffinancial statements. the Trustees (who are also the directors of the Ghantat4e company for the purposes of company lawl are responsible forlhe preparation ol the finanaal statements and for being Satisfied that they givè a true and fair view, and for such internal control as the Trustees detemiines is necessary lo enable the preparation of financial statements that are free from material misstalement. vknethei dye lo fraud or error. In preparing the ffinancial statements. the Twslees are responsible for assessing the Group's and the Parent Charitable Company's ability to contsnue as a going concem, disclosing, as applicable. matters related lo going concem and using the g￿n9 concem basis of accountsng unless the Trustees either intend to liquidate the Group or the Parent Charitsble Gompany or to cease operations. or have no realisti¢ alternative Liut to do $0. Auditor's r•$pon$ibiliti•s for the audit of the financial statements We have been appointed as auditor under se¢b"¢y) 44{Illc} of the Charities and Trustee Investmenl Iscodandl Act 2005 and under Ihe Companies Acl 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder_ Our objectives are lo obtain reasonable assurance about whether the finanaal statements as a whole are free from material misstalement. whelher due to fraud or error. and to issue an auditor's report that includes our opinion Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accordance wrth ISAS (UK) will ahway5 delect a material misstatement when rt exists. Misslalements Can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected lo influence the economi¢ decisions of users taken on Ihe ba515 of these financial statements. Extent to whtch th& audit wès capable of detKting irregulanties, including fraud Irregularities, including fraud, are instances ol non-compliance law5 and regulations. We design procedure$ in line our responsibilities. ouvined above, to detect material misstatements in respect of irregulaiities, including fraud. The extent to which our procedures are capable of detecting irregulanb"e5, induding fraud is detailed below". 23

British Safety Council Independent Auditor's Report Iconlinuedl For the year ended 31 December 2020 enquiry ol managemenl and Those Charged wlh Governance ￿3rdIng known or suspected instsnces of non-compliance with laws and regulation and fraud., reading minutes of meetings of Those Charged Goveman¢e". reviewNJ correspondence wth regulatory bo(lies and from legal ad￿sorS to ￿enIfy indications of nonthcompliance with laws and regulations., assessing the design and operabng effectiveness ol controls and procedures relevant to the preparation of the finanaal statements and the detection and prevention of irregularities and fraud,. determining whethef the accounb.ng policies and presentation adopted in the financial statemen15 are in 3tt0rdancè with appjjcable law and Uniled Kingdom Accounting Standard5. including Financial Reports'ng Standard 102 The Financial Repts￿n9 Standard applicablè in the UK and Republic of Ireland (United Kin9dom Generalty Accepted Accounting Prath"cel and the Ststement of Rècommended Practrce for Charities". performing analytical procedures to identify unusual or unexpected relab"on5hips Ihal may irKli¢ate risks of material misstatement due to fraud. Areas of idenbfied risk are then lesled subslanti¥ely', addressin9 the risk of fraud Ihrovgh management ovemde ofcontrcAs by lests.ng the appropriateness ol journal entries and other adjustments, with particular focus on unusual account comtmnations and postsngs by unexpected users or senior management., challenging the assumptions and judgements made by management for key esb"males. rn partteular the valuation of Investments, the recoverability of debtor5 and assumptions used lo value the defined benefft pension scheme., inrorporats'ng unpredictability into our testln9 approa¢h Ihrough amending thè nature and extent of audit procedures.. carrying out detailed tesb"ng. on a sample basis. of transactons aThJ balances agreeing to appropriate documentary evidence to verrfy Ihe completw)e55, existence and accwacy of the reporte¢J financiat statements. Our audit procedures were designed to resporKJ to risks of malerial misstatement in the financial stalemenls. recognising that the risk of not detecting a material misstalement due to fraud Is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by. for example, lorgery. misrepresentation5 or through collu5bon. There are inherenl limitations in the audrt procedure5 performed and the lurther removed non-compliance with laws and regulatsons is from the events and transactions rellected in Ihe finanual slatements, the less likely we are to become aware of A further description of our responsibilrties for the audrt of the ffinancial statements is l¢xated at the Financial Reportin9 Council's I"FRC's"I websrte at.. htt s.'Ilww4.frc.or .uklauditorsres onsibilities. This dÈscnpts"c￿ fomis part of our auditor'5 report. Use olour report This report is made solely to the Charitable Company's members, as a body, in a¢cordance wilh Chapter 3 of Part 16 01 the Companies Act 2006, and lo the Charitable Company's irustees, as a bfxly. in accordance with the Chaiities and Truslee Investrnent IScotland} Act 2005. Our audit work has been undertaken so that we might state to the Charitable Company's membets and trustees those matters we are required to stsle lo them in an audrtor's report and for no other purpose. To the fullest extenl pemiitted by law, we do not accept ¢y asstjme responsibilty to anyone other than the Charitable Company, the Charitable Company's members as a body and the Charitable Company's trustees as a body, for our audit work. for this report, or for Ihe opinion5 we have formed. JLL nior tatutory Auditor) For and on behalf of 8DO LLP. $tslutory auditor London, UK Oate.. 29 July 2021 8DO LLP is a limited liability pathership registered in England and Wales {wth registered number OC305127). 24

Bri￿Sh Safety Council Consolidated Statement of Financial Aclivilts {incorporaling an Incwe and Expendrture Stalementi For the year ended 31 DecemLr 2020 Tolal f￿￿ts 2019 Ir￿Um Dm 158.68J 1..355 i.Ng.35S MJns 1.757 201.r47 fK792 gts.7Y2 .401118 las5.3￿ 3.131.92 3.746.5 971S31 417.625 161.afiS 41Q810 441.JS• 7.266.7M 315,471 1•.01I521 PEKruRÉ V.U4 11.2X43llJ ¢7•Z.6•7J 11.345,Wl1 11,3I5,B511 V.851.ll Aq4214 r2,452.215) 310.245J A•)4,1431 1455,8J41 ISn21 14,450,925) 1456,1311 sly 144.131) 1441311 l.¥ID.916 NET(UP&ICITUWFU¥E 1151.6 IX51n •21.7•6 .4•2 121 159.68J r124.1 hwg•nswL6S•SI. MEr FVW$ 11.6NP17) REcoficiLIAYTON OF Pur￿$ 11.117.•Jl 11.Ya.763 IB.7E) 11.Zgl.L¥ 11.717.4 All of the above results are dertved from continuing and unrestricted activitie5. The parent company loss for ihe year for Companies Act purposes was £1.628,12312019'. £385.623 profiti. The accompanying accounting F*)licies and notes fomi an integral part of these financial statements. 25

British Safety Councll Consolidated and Parent Charity Balance Sheets Foi the year ended 31 December 2020 Group 2020 Group 2019 Charty 2020 Charity 2019 Note Fix•d assets Irtsryibk assets Tawibk assels Inwstffents 88,738 2.338.387 10.004.140 12.431.265 30,319 2.320.323 10,265.610 12.626.252 2.737.692 11.875.194 14.612.886 2.723.932 12,136.664 14.860.5 Curr¢nl assets Sto¢k Debtors & Cash 6.303 1.8WI.132 711.056 2.607,491 1.205.058 1.819.226 3.024.284 2.112.084 855.091 2.973.477 1.213.316 1.474.321 2.687.637 Cred￿15.. amounts faliThg thin on• y•ar 10 13.427.1WI 14.249.9591 13.043.1201 13.857,8671 CWTerrt Ikibilitk?$ 1402.9061 11.276.482) 1355.4831 11,250,376) Total assets lesg net t￿￿nI liabtlityes 12.028,359 13.336.404 11270.769 13,610,220 Net a5$0ts ¥xthding ￿nSiOn atil￿ty 11028.359 13.336.404 11270,769 13,610.220 Defined ￿￿tfft ￿nsIOn sclwn• riability 16 11.982,0001 11.619.oDJI 11.982.CWI 11.619,0)01 fvEY ASSETS 10.046.359 11.717.404 10.288.769 11.991.220 Fund$ ihres¢ricled fur¥Js- des¥nated e$tnded fuTrJs- L•)j¢$vJ￿i$d Lknfeslricted fW￿s- pertsion rese ResIr￿ted Male5 In MITh Cur￿￿ tra￿atIOn dffterert4 RevaIL￿t￿n reserve TOT•L FUNDS 12 2.363.210 2,729,822 2.330.323 2,723,932 6.552.936 7.184,669 6.794.325 7.429.993 (1.982.000) 11.619.000} 11.g82.CWI 11.619.tsJOI 125.380) 134,3821 18,5281 3.146.121 10.046.359 3.456.295 11.717.404 3.146.121 10.288,769 3.456.295 11.991.220 The ¢haritable company has elected to take exemplTron under Section 408 ofthe Companies Act 20( not to present the charitable company slalement olfinanaal actiwties. The net defi¢itfotthe charitable company for the year was £1.702,45112019". £474.366- $urF4usl. The financi￿ slatements were approved by the Board and authorised lor issue on 28 July 2021. Lawronce Vlaterman. Chair The accompanying accounb.ng polFcies and notes form an integral part of the financial statements. Company number.. 04618713

British Safety Council Consolidated Cash Fk)w Statemenl For the year erKled 31 December 2020 2020 2019 of oipndthre to rnt (thlrom ¢Jper•tMwJ W21 Ycornelleyr¢iwe) loi tre reF4Xtry 1•5 pvr 11¥ s18t￿rI of 1rnstment L055esllgarn) Lyi rnestmertS DepiqcAtion ctrAr Drflprptr8 ￿¢•en ¢ortrtLWts FRS1Wd4w 11.671.045) 1261.81 113.861 444.93$ 1334.wl 697.000 9D7,026 1822.7691 6,302 426.402 {1 400,915) 429.626 1292,0001 224.000 Decroase indebtors Dwase In¢rèdrtty$ 746.BS7 Net ¢•¥h outllow froffl ope1at￿9 •Giwths 20,58S 1,174,622> Ca$h frL¥n it)¥eJtins a¢tNits". Reim on thestnrt$ serw offwAr Pui¢Jk88e of fixTd 8SStts PuicJk7se of t¥ryib as50ts Purchas¢ of lbBsIffl￿s Pro¢eeds fiom sale ol Thestfrrt$ N•t cash Snllow Irom •W•Stin9 acthkns 261.056 188.7381 145.631) 11.564.024) 3.326.017 1,184.720 416.11D {854.7721 1 490.145 142.03) Chan9e In ¢a5h Ilow lor th• year Cash In bar* ai ai i cash Ml banl and ai har￿ at 51 DRcewA>ei 964 135 ¥SS.091 1.819.226 1332.SUg1 1.187.fj80 855,091 27

British Safety Council Notes lo the Financial Statements For the yeaf ended 31 December 2020 PRINCIPAL ACCOUNTING POLICIES Significantjudgements, kèy assumptions and estimatès The preparation of the finan¢ial slaternents in conlormty with generally accepted accounting practice requires the charity TnJstees to make estimate5 and assumptions that affecl the reported amount5 of assels and liabilities at the date of the financial siatements. and the reported amounts of revenue5 afKI expense5 during the reporb.ng period. Actual re5utts may differ from these esbmates. The key ests'mates and assLnnPt'ons used in these consdidated financial statements are sel OLrt below.. Defined benefit ension obli atKJns The financial statements include costs in relation to. and provision for, defined benefit pension obligations. The costs and the present value of any related pen5i9n assets and liabilrties depend on such factors as life expectancy of the members. the retums that scheme assets generate, and the discount rale useil to ¢al¢ulale the present value of the liabilthe5. The charity Trustees use imparb'al actuarial adV￿e to select Ihe values of Critical esb"males. nt ol inve51m nt in subsidiaries Investments in subsidiartes a￿ held at cost. Imparmient rewews are undertaken annually to ensure the carrying value at the balance sheet date Is lower than the recoverable arr￿unt. The recoverable amount has been a55es$ed using e5ts"mations of sales growrth and profitablity. On that basis the Trustees believe the carrying value should not be impaired. Provision for bad and doubfful debt5 An allowance has been made lor bad and doubtful debts based on the expeded recoverability oftrade debtors. The assessment of thi5 15 based on expeetab.ons of future reGovery wthich ha5 been inforlned by past ¢olleclion experience and the aging of the debts. Basis of pr•paration The finan¢ial statements have been prepared.. al Under the histoiical cost Gonventson, except for investmen15, which are inclLHled al fair value. bl In Pounds Sterfing. which is the ftjnctional Cur￿ncY of the group. ) In accordance wth FRS102, the statement of recommended pracbce Accounting and Reporting by Charities. ISORP 2019} and applicable company and Ghantsble law in the UK. The charity is publi¢ benefit enkn"ty. as defined by FRS 102. The accounting policies adopted by the Gharity Trustees a￿ described below. dl On the going concern basis. The Twuslees have gNen consideration to BSC'S expectation to continue a5 a going con¢em. A5 a result of the COVID-19 pandemic, the Trustees have rewewed the organisations ongoing forecasts to ènsure the charity remain finanaally viable. The Trustees have supported the charily in decisive adion lo reduce costs and cash ffow OLrfows through a reslructuring of it$ cost base as well as making use of the Govefnment fudough scheme. wrth regards to 2021, the most signfficant areas Ihat wil affect the charty's nel a55ets are the level of income, investment fund perfomance and dividends and an In¢￿aSe in the liabilities ofthe defined benefit penson scheme. The chanty has improved rts lorecasting and budgeting PTo¢e$s for 2021.23 using inlemally created modds for best and worst case 5cerhario plaAnirvJ. It is noted that there is a degree of inherent variabilty in forecasts. but the Trustees do not consider there to be a material uncertainty in respe¢t of thÈ Group's abilrty to meet its liabilitses as they lall due. In m¥￿'ng this a5se35ment, the Trustees have taken duè regard of the acknons taken lo reduce costs and the availability of the Investrnent fund for short term 5UPPOrt, 5hwld the need wt5e. Having taken all of these lactors Into account. the Trustee5 have a reasonable expectation that BSC has adequate resaurees to continue operatsng for the foreseeable frJture and, lor this reason, ha5 conts"nueil to adopt Ihe going concem basis for preparab.on of the finanual statement5. 28

British Safety Council Notes to the Financia Stslements {continuedl For the year ended 31 December 2020 1. PRINCIPAL ACCOUNTING POUCIES l¢¢ntinu•d) The Ghanty has taken advantage ol the exemption from presenling its vneon501idated Statement of Financial Activibes ISOFAI under secb.on 408 oflhe Companies Act 2006 and rts ur￿onS011dated Statement of Cash Flows under section 1.12 of FRS102. Basis of consolidation The conso15daled financial statements incoryyorate the results of Bri115h Safety Coun¢il, and all its subsidiary undertakings on a line-by4ine ba51S. Fund a¢¢ounting Unrestricted funds are funds which are available for use al the ijiscretv)n of the charity Trustees in furtherance of the general objectives ol the charity and which have not been designated for other purposes. Reslitted funds are funds held on specific trusts. Desgnaled funds are unrestricted funds vA)ich are to be used in accordance vAth spectfic decisNJns made by the charty Trustees. They a￿ reviewed annually. The charity Trustees designate fw)ds to match the net book value oflangible and intsngible fixed a$￿ts. Intsngtble ass•ts Intangible assets are stated at cost less accumulated amortisation. Amortisation is calculated, using the straighl-line method, to allocate the depreciable amount of the assets lo their residual values over their estimated useful lives, as follows.. Website development costs 3-5years Amortisalion Gommence5 Once the asset is brought into use. The ca￿[n9 values of intangible ffixed assets are reviewed for impairment vthen even15 or changes in circumstances indi¢ate the carrying value may not be re¢overatAe. An impaim)ent loss is reco3nised imme(liatety in the SOFA. Tangible fixed assets and depreciation Property, plant and equipment are stated at cost less accumulated depreaation and accumulated impairment losses. Such cost includes costs direcuy attributable to making the asset capable of operating a5 inlended. Depreciaty"on is provided on all property. plant and equipment. at rates calculaled lo write off the cost. less esb"mated residual value, of each asset on a systematic basis over ils expected usefijl lrfe as follovo." Freehold buildings - 70 Chancellors Road Office refurbishment Office fvmiture and fittings Computer harth￿a￿ and software over 40 years 12_S years 4- 12.5 yea 4_8years Freehold land is not deprefiaied. Dep￿cIall￿n commences on¢e the asset is brought into use. The carrying values of tangible fixed assets are reviewed for Impaimient when events or changes in arcum5tances indicale Ihe carrying value may not be recoverable. An impaim)ent loss is recognise(l immediately in the SOFA.

Brltlsh Safety Council Notes lo the Finanaal Stsiements Iconlinued) For the year ended 31 December 2020 1. PRINCIPAL ACCOUNTING POLICIES Icontinutdl Investments in subsldiarf•s Investments in subsidiaries are ¢arrie<l in the chanty's balance sheet at cost less any provision for impaimient. The charty assesses investments for impairment whenever events or changes in circumstances indi¢ate that the caryn9 value of an inveslrnent may not be recoverable. If any Such indi￿tIOn of impaimienl exi515, the charity makes an estimate of the ￿e0Verable amount. An impaiment1055 IS recognised immediately in the SOFA. Investments other than in subsidiaries Equity investments are recognised initsally at the transaclion pnce. Subsequentty, they a￿ measured al fair value, whi¢h is taken as the stock èxd)ange bid pn¢È value at the balance sheet date. Any gain or loss on revaluab.on is recognised in the SOFA. Trdde debtors Trade debtors are recognised at the undiscounted amount of cash receivable from the customer, less any appropnate provision for eslimatÈd Irrecoverable amounts. A Prow￿On is established for irrecoverable amounts when there is obiects.ve e￿der￿e that due under the original payment tems will not be collected. Cash and cash equivalents Cash and cash equivalents In the balance sheel comprise cash at banks in hand and short-term deposits ￿1h an original maturity date of three months or less. Income Income is recognised to the extent that the group obtains thè nght to consthrats.on in exchange lor its perfomance. Revenue is measured at the fair value of the cOnS￿er3￿.0D received, excluding discounts. rebates. VAT aAd other sales taxes IN dirty. The folk)bying criteria must also be met before revenue is reeognised. Income from the rendering of services. incl￿j1ng training ctyjrses, audit services. qualfftations and publications is rèeognised by reference to Ihe stage of completion_ Fees received in advan¢e. relating to future period5 are carried lo￿ard in the baLince sheet as deferred income. Licenee fee ineome is recognised on a rÈeÈivable basis and subscriph"ons, receivable on varying dates throughout the year. are apportioned on a time basis, the proporb.on received in advance being carried forward in the balance sheet. Donations and grants (including govemment grants) are recognised when received or when the charity is entitled to ihe income and receipt Is probable and measurable. Gifts in kind (representing donatic￿S of servi¢esl is the fair value of the gfft, u5ualty the ¢ost lo the dorK)r. Investment income 1$ re¢ognised on a receivable bas.s.

British Safety Council Notes lo the Financial Ststements I￿ntInued) For the year ended 31 December 2020 1. PRINCIPAL ACCOUNTING POLICIES {continu•dl Expendituro All resources expensed are ac¢ounled for on an accruals basis and are allolied direclly to the actiwty to which they relate. Support costs including govemance. management. finance, infomialion technology, human resource5 and the rost of our defined contribution pension scheme are apptsrtioned be￿en our aclivibe$. Product developnent expenditure is vffitten off as irKurred. Irre¢overabJÈ VAT is included in the expense item to which rt relates. Tr3d• ¢rsditors Trade creditors are recognised al the undistxjunted amount owed to the supplber. Operatin9 leases Rentals payable under opeialing leases are tharged in the SOFA on a straight4ine basis over the lease term. Tèmiination bènèfits Tem)ination benefits are payable when employment is tem)inated by the group. The gTOUP recognises termination benefits as a charge in Ihe SOFA when it is demonstrabty commrtted lo terminating the employment of currenl empkjyees according to a detailed fom)al plan wrthout possibility of withdrawal. Defined contribution pension scheme A group pers¢nal pension is available lo staff wilh an employw contribub'on depending on the employee's age. The cost of providing this benefft is charged lo Ihe SOFA in year. Defined benerrt pensron s¢hem¢ Scheme assets are measured at fair value3. Scheme Irabililies are rneasu￿d on an acluarial basis using the pcojected unil Cfedil method anrl are discounted at appropriate hi9h quality corporate bond rates. The net surplus or defial. adjusted lor deferred tax, is presented separately from other nel assets on the balance sheet. A nel surplus 1$ ceco9nised only to the extent that it is recoverable by the grouplcharity. The current service cost and costs Irom 5etllement5 and ¢urtst"Iments are Charged against expenditure on charitable actiwties. Past service costs are spread over the period until the benefit increases vest. Inteiest on the scheme liabil￿eS and the expected retum on scheme assets are included in incomel expenditure on charitable activities. Actuarial gains and losses are reported separately on the fa￿ ol the SOFA as part of the net movement in funds. Forelgn curT8ncles Tran5action5 in foreign currencie5 are translaled al Ihe exthange rate ruling al the date of the transaction. Monetary assets and liabilibes in foreign currencies are translated at the rates ol exchange ruling al the balance Sheet dale. Any exchange difference5 arising on the settlement of monetary items or on translatin9 monetary items at rates different from those al which they were initialty recorded are recognised In the income statement in the period in which they arise. 31

Britlsh Safety Council Notes lo the Financial Stslements Icontinuedl FOT the year erKled 31 Oecember 2020 OTHER INCOME Olhergranl income- Coronavi￿$ Job Retent￿￿ Scheme fyurtough suppo￿) During the year the group received govemment giant income support under the Coronavirus Job Retenb"on Scheme I"kndough 5UPPOrt'I In contn'bution to stsff Costs. This grant income is presented as Other income in the Consolidated Statement of Finanaal Actiwties and amounted to £447.62512019'. Investment income 2020 2019 Frorn UK Invskn¢nts Deposit inlerest Equrti&5 Unit a￿1 inwtment trusts Fixed Internst bcrtds Alternati 477 130,019 224.4 4,799 33.117 55,529 39.089 $4,225 91.074 245,049 39J.142 UK quoted ae¢uritie$ Okerseas instment trust5 16.847 26.868 261.896 416.810 Geographical anatysis The group deriveil 29%12019.' 27%) of its income from actwities outside of the Untted Kingdom. BREAKDOWN OF RESOURCES EXPEMDED IGROUPI 2020 2019 rta•n ￿pport nd•rta•n vclty Support ¥t$ Trf Total lffVTty•7¥J ￿rti￿rTr￿ trrfthghwrfwmatpjn recognt lrnpromrg ¥hlpAdLW5 ¢lY¢ qualficafft 85ses5rrwl E￿art￿y4 or9arlsa￿S perfoirnKe ItrrfoL9h aArtiroJ 731. 507.132 1.2J8.4 e03.371 1,9¥480 S35.SiS 247.382 781.197 8S7.725 486.126 1.345.851 1.304.211 Y7.fj13 1.891.114 1.886.fj86 105,527 2.4>2,215 tr•AIYJ lrfuermJ ltre trealh safety ¥Jw¥Ja ItTrrtnni Costs 2.716.996 2WI.Sg5 46.826 1.14B.344 1&).438 J.W,340 33J.033 46.8 3.203.759 J01.207 44.131 1.257.168 155.627 4,160,925 41131 T4)tsi Iwwv¢•s S SJ7 451 2.5aO.909 7,184,619 3 109,817 10.794.436

British Safety Council Notes lo the Financial Slalement5 Icontir)ued} Foi the year ended 31 December 2020 Support cost allocations 2020 lryo¥wYJ 9arisatK IT)yoMry OrgaTrs￿￿ts ￿NI￿l￿r¥ tlrwjh irfcwiion & & I￿oI￿h ItOL9h Irf￿ Ir4 & ethralM)n & traw¥J HSS ager¥Ja Total costs GoNrnartÈ MarogemeN aro a¢friri5tra an reswrces 22.148 S6.203 13.145 72.627 38.666 4.393 49.tr28 124.413 29.[￿$ 104.798 265.936 62.2frJ 344.591 182,957 187,862 11.678 29.635 6.931 38.399 20,388 23,407 234056 $91.403 131.323 766,321 406.870 444,936 115.216 FiTra 149.293 79,266 85.593 98.269 Cpre(ialK Total 507.132 247.J82 547,613 1.141344 130,438 2.580.909 2019 Erw lrnprm irnlThiduaf$ 9a15aiion erfomi8rre tIY¢xgh ttrKwJh 0￿h & gL#lficaiw)ns & & ethtsiion& Irwirg ageThJa Total cos 47.690 113.625 41.728 131.688 85.759 67.435 59.161 141.202 51.764 783.361 1(6.J85 83.655 122.826 293.1 107.471 339.162 220.872 173.680 15.205 36.290 13.304 41.986 27.342 21.5 303,832 725,172 265.847 838,976 546,%4 429.626 Manageffern ard adrrir¥lraikJD 140.699 51.580 162.779 lo6.￿￿ 83.356 Finance IT Oepreoali TolHI 603.370 488.125 605.528 1.257.167 155.627 3,109,B17 Support costs were all located based on percentage alkotron of direct costs. Total èxpenditure has b8•n arrfved at aftÈr charylng: 2020 2019 Staff cosl$ Imte 41 Expenses reimbwsed to trLtstees or pai¢J ¢Sredty to th.rd part￿$ lrnte 51 DepreaatK)n of owred assets Irote n Operatry kase payrnerls reo)gTrse(l as an expense A￿lIOr'S rernLnewalK)n- addrtiorol fees in respect of wior a￿ A￿ltI￿$ rernLrerat￿ft- aLxlitir¥J tIE 9rw &cowrts AuJitc¢5 relnwerat￿n- aulrtiry tIE sth5vJrary AuJit(*s reM￿erat￿n- lax compliarte sew¢£s 4.897,464 2.￿2 444.936 11.654 37,425 48,000 11.900 7.880 5.961,OC6 15,296 429,626 23.141 10.000 40.50) 11,3LK) 7,395

British Safety Council Notes lo the Financial Slalements Icontinuedl For the year ended 31 December 2020 STAFF COSTS IGROUPI Staff costs during the year were as fdlovos" 2020 2019 Wages $81ari8S Redur￿anCY co￿$ Soaai se￿ty e¢5ts . E¥)erL5e f(v definea pe￿1￿ Str￿S E¢)ense for defirtd bÈrfrt p•b)n sthnEs lTrJie 161 4.077.154 5.139.236 114.860 6.826 440.66 524.175 234.750 246.769 44.000 4.UY7.464 5,961,006 The average number of persons employed by the group during the year was 10412019.. 1111. The number of employees whose ewrK4ument5 exceeded £60.01)O was as follows.. 2020 Mumber Numb•r 2019 £60,￿1 . £70.￿XI £70.001 - £80.OQ) £80,001 _ £90,((#J £90,001- £100,CKJO £100,001- £110.000 £110.001 _ £120.000 £120.001- £130.000 £130,001- £140.000 £140,001- £150.000 £150.¢J)1 _ £160.CC#J 14 One employee earning £60.000 or more12019". one) was a deferred member of the defined benefft pension scheme and was a key management personnel_ Nine employees eaming £60.000 or more12019". 141 were members of the defined contribub.on pension stheme and contributions amounling to £57.574 {2019.' £77,243) were paid on their behalf. Seven key management pefsonnel12019.. four) were members ofthe defined conlributim pen510n scheme and contributions amounting lo £48,54212019'. £34,8￿) We￿ partl on their behalf. Total benefits linduding SOCI￿ security costs) in respect of key management personnel during the year were £757.051 12019". £741,4261_

British Safety Council Notes lo Ihe Financial Stsiements IcontinLTred) For the year ended 31 December 2020 TRUSTEES. EXPENSES The charity Tnjstees incurred travel, accommodabon, subsislence and venue costs in lulfilling their dulie5. These costs were eilher reimbursed to the tharity Trustees or paid dire¢lly to third parties. The total amount of expenses reimbursed to charity Trustees or paid direcily to third pa￿e5 during the year amounted lo £2.55212019". £15,2691. The number of ¢harity Trustees reimbursed for expen5e5 or ￿0 had expenses paid direcly by the chanty was five TnJstee512019. Ninel- Indemnity insurance 15 provtded for Ihe char￿ TnJ5tees. The premium paid durin9 the year amounted to £2,29612019.' £2.2961. 6. INTANGIBLE FIXED ASSETS GROUP Webstte DeveWrw)t Toial C051 At 1 Jawary 2020 AddilK 88.738 88.738 At 31 Oecemtr 2020 88.738 88.738 Amortlsatign At 1 January 2QO Provthd in yar At 31 December 2020 Net book ¥alue At 31 Dg¢omber 2020 88.738 88,738 At 31 December 2019 CHARrrY W¢b5il• Oe¥elownent Total Al 1 January 2020 Addit*) 30.319 40.319 At 31 December 2020 30.319 30,319 Amortl$ation At 1 January 2020 Pro4ided in yew At 31 Dwmber 2020 Net book val At 31 Oecernber 2020 30,319 30.319 At 31 December 2019

Brltish Safety Council Notes lo the Financial Statements leonlinued) For the year ended 31 December 2020 7. TANGIBLE FIXED ASSETS GROUP Freel￿ iaTrJ Off¢ce lurnitwè and Computer and building5 ￿frjr￿hrnen1 equipmenl equiwnent Ttst•l At 1 Jan￿ry 2020 Aldilion5 3.012.500 1.404.3 423.532 2.786.786 7.627.208 45.631 45,631 31 December 2020 3.012.500 1,404.390 423,532 2.832.417 7.672.839 Oepreckation At 1 Jarwary 2020 ProvKJed in year 1.211.257 32.5CKI 1.299.389 70.137 328,080 20,089 2.050,790 4.889.516 322.210 444,936 At 31 December 2020 1.243.757 1,369.526 348.169 2.373.000 5,334.452 Net book value At 31 Dttemb¢i 2020 1.768.743 75.363 459.417 2,338.387 At 31 December 2019 1.801,243 105.001 95,452 735,996 2,737,692 CHARITY Fr¢8110ld kind lurnitw¢ Comwrter and b￿bjIr￿ refurbi5hnwrt •qutpment equip￿￿nI Total Cost At 1 Jarwary 2020 AddilvM5 3.012.SC 1.404.390 423.532 2.770.2￿ 7.610,718 45.047 45,047 At 31 D¢•mbÈr 2020 3.01150C 1,404.3 423.532 2.815.343 7.655,765 Dgpr¢ciation At 1 Jan￿ry 2020 Fra￿ded hi yeai 1.211.257 32.5C#) 1.299.389 70.137 328.080 20.089 2,048,060 4.886,786 315,930 438,6 At 31 Dec•rnber 2020 1.243,757 1.369.526 348.169 2,363.990 5,325.442 Net book value At 31 December 2020 1.768.743 75.363 451,353 2,330.323 Al 31 D¢¢•mb4r 2019 1.801.243 105.001 95,452 722,236 2,723.932

British Safety Counc51 Notes to the Financial Ststemenls Icontinuedl For the year ended 31 Decembei 2020 8. INVESTMENTS Group 2020 Group 2019 ¢hablty 2020 Charity 2019 Movements on list¢d investments Fair ￿￿e 011 January Acquisilions al ¢osl srK)sal proceeds Net Ilosse$ygain$ on i[￿￿$trnent assets 11.875, 194 1.568.824 13.326.017) 1113,8611 11.109.651 11.875.194 11,109,651 854.772 1.568.824 854.772 11.490.1451 13,326.0171 11.490.145) 1.400.916 1113.8611 1.400.916 Fair value at 31 Cknber 10,004.140 11.87S.194 10,004.140 11.87&194 f•lovtments on equFty Invesknents in group undttskin9$ Cost less pro%ision for Impai￿eTht at l Jar¥Jary Imestmenl in new subsidiary Impaimienl in carying ￿l￿e o15Ltsiiary 261.470 261.470 Cost less wo%ision Impai￿nefit * 31 Qecemt 261.470 261,470 UK quoted curltles Equities Fixed inlewt boThJs In￿lment arnl unit tnJsts- UK PUNIC sector fixed Interest AlleMa1￿ assets 3.297.226 1.659.151 753.fy)7 125,307 1.518,745 4.004,687 1.4S3.859 1.244.732 611.355 1.911.568 3,297.226 1,673.641 739, 117 125,307 1.518,745 4.004.687 1.4￿.8$9 1.244.732 611.355 1.911.568 Total UK quoted 9ecvrities 7.354.036 9.226.201 7,354,0 9,226.201 UK quoted overas securf￿e$ hi¥e5trnenl and unit trusts 2.650.104 2.648.993 2.650,104 2.648,993 Totsl UK quotd •vrs•$ se¢uiitie$ 2,650,104 1648.993 2.6SO.104 2,648.993 IN¥esbnnt in subsidiari$ 261.470 261.470 Total value at 31 Decernber 10.Q04.140 11.875.194 10.265,610 12.136,664 Hlstorf¢al ¢ost at 31 December 6,858.019 8.113.03S 7,119.489 8,479,502 There were no security holdings Wth a market vabje of greater than 5% of ihe total portfolio at 310e¢ember 202012019.. none). 37

Brltlsh Safety Council Notes to the Financial Ststements Iwntinued) For the year ended 31 Oecember 2020 British Salety Council Ilndial LLP. British Safety Councl Sales Ltd (company numbeT.' 12368621 and Males In Mind {company number-.10338868. charity number. l 1724601 a￿ ¥thoJly owned subsidiaries ol the Bfibsh Safety Q￿jnc11. The results of the charity'5 wholty owTred subsidiaries for Ihe year ended 31 December 2020.. Brltish Safety 8ri¢rsh Safety Mates In Mind Counc4 Council Sales Ltd {Indial LLP 2020 2020 2020 Income and exp•ndilurn TurTh)ver Cost ol sales & adrT1nislrat￿ eXPe￿S Tax on profrt t moverrtnl in fwbJslrt {k)ssyprofrt 553,467 1555,5841 218,473 1259,4791 593,960 1584,9581 2.117 41.006 9,002 Balance sheets lntarKJlb￿ fLxed assets TaThJibk fixed assets Debtors Casb at bank a￿1 w) haThJ 58.419 5.496 50.529 231.765 2,569 204.132 110,821 61.274 2,319 Creditors.. aM0￿￿S lallry due less ihaft or year 1357.581) (79.0691 {371,5891 Net Ilabllitks 140,OS91 15.476 12S,380 The results of the charity's wholty ovmed subsidiarie5 for the year ende(131 DewTrber 2019.. Brilish Salety British Safety Males kn Mind Coun£1 LLP Councl Sa1¢5 Ltd 2019 2019 2019 come and expenditure Turnover Cost of sa￿% & admritstrat￿y e>per6es Tax on profrt I M0￿ment ￿ fur￿￿1 k 452.133 1495,9551 299,717 1299.6531 S.973 590.782 1606.4031 43,822 15.521 8alanc• 8lwets Taryibk assets CEblors Cash al bardL arxl ￿ hatxl Creditors." amr*￿1$ falry d￿ tess thon ytsr 159.030 76.325 1244.7401 112,609 22,823 1109.9031 180.7Y 44.887 1287.8931 Net asset51lliabiltiesl J.495 25.529 34,382

British Safety Council Notes to the Financial Stslemenls Iconlinuedl For the year ended 31 Oecembet 2020 9. DEBTORS Group 2020 Group 2019 Charfty 2020 Charfjty 2019 Trade debtors Olltr debtors from SL)SK1iary wxlerlak Prepaymerts aThJ accr￿1 irton 797,770 1.794.606 48,473 51.745 484.869 1.462,332 38.834 49,177 424,171 122,391 265,442 256,232 358.815 265,733 1.205,058 2.112,084 1.213.316 1,890,132 10. CRED￿oR5. AMOUNTS FALLING DUE V41THIM ONE YEAR Group 2020 Group 2019 Charity 2020 Chariiy 2019 Trade ueditors OtI￿r codilors Due lo sth5¥Jiary Lwxlertaki Taxation and ststsal securrty Accr￿15 Deferred irLon 915.833 67.157 979.445 29.552 896.705 55.031 911.119 17,503 108.055 32S.540 249.603 377.284 291.831 236.461 623,940 2C6.220 482.007 1,882,199 2.367,419 1.507,880 2,047,352 3.427.19Q 4.249.959 3.043.120 3,8S7.867 11. DEFERRED INCOME Group 2020 Group 2019 Charlty 2020 Chartty 2019 Deferred as at 1 Jamory Deferred irtomiry ￿$oUr￿5 Rease of deferred I￿011* 2.367,419 2.158,814 2.047,352 1.963.794 4,711.095 7.648,017 3,894.858 6,169.268 15.196,3151 17.439.4121 14,434.3301 16,085.7101 Deferred ￿COme as at 31 Decefflber 1.882.199 2.367.419 1.507.880 2.047,352 Income is reGognised in accordance wrth the principal accounting policie5. Income received in advance, relating to ￿tUre periods are carried forward in the ba(ance sheet as deferred incorne. 39

British Safety Council Notes to the Finaneial Statements Iconlinuedl For the year ended 31 December 2020 12. SUMMARY OF MOVEMENTS IN FUNDS (GROUPI Movements in fund5 during the year ended 31 December 2020 were as follows.. .6XYYJ (7.W32 11•529) I,￿￿.05T .J18 30.319 43.371 1332.e91 (8.5281 an4 S ￿￿1.7¥ IM•WJ 1121Uty 11051739 i¥ 41.151 14S4• 1aQJS 11.61&fKO> 351.LW ￿7.1 11.l.OX) 11 7174 11J.461 1•.OthSIg Movements in funds during ihe year ended 31 December 2019 were as follovts.. A31 1019 rrtB331 IQOXJ 210.1&) 2.731, 1425.6161 iis&s•Ji 1S&61J 134.3ts2J 11.47CO 11.819.COJ) T•lal Djr 11.X1.r 1404J,g 10.?X 1.M*lS 11.717.•)1 Restrirted funds Funds held by Mates in Mind. which 15 Itself a charitable company, are classed as restricted funds. as these cannot be spent or applied at the discretion of the British Safety Counrjl's Trustees. The deficit on restricle¢J lunds arises from expenditures in the establi5hrnenl and trading of the subsidiary charity. The subsidiary charity Trustees aim lo in¢re35e pnmary purpose trading activities and use any surpluses generated to build modest reserves. Designatod funds The Board's policy Is lo designate funds to match the value of the group's tsnyible and intangible fixed assets and for essential future spending. The transfers from vndesignaled to designated funds is to reflect the net book value of the tangible and intangible fixed assets at the year end.

British Safety Council Notes to the Financial Statements Iconlinued) For the year ended 31 De￿rnber 2020 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS {GROUPI Fund babances at 31 December 2020 are represented by.. Undesignated Designated Re5trKtod funds fur lund5 M4le5 in Mind Penslon reseThe Total fund8 Irrtangib assets Tar¥Jible a5SÈ1$ 1rNest￿EnT5 Curiert asse1￿1&abfft1 30.319 2.332.891 5B.419 5.496 8,738 2.338.3B7 10,004.140 1402,9061 11.982,0001 10.004.140 1313.6111 189.2951 11,982.OJOI Totsl fund5 9,690,529 2.383,210 25,3BO 1,982.000 10,046,3$9 Fund b￿anceS at 31 December 2019 a￿ represented by". Pension nds atss in M￿d Total fund5 fwd &ssets Tar¥J￿￿ l￿d assets IT￿l￿ert5 CLYrent 8sseisll1iabi￿￿sI Pension lab(ty 2,729.822 7.870 2,737,692 11.875.194 11,276,4B21 11.619,0001 11.875.194 {1.234,2301 142.2521 I1.619.￿)) Totsl funds 10,640,964 1729,822 143821 1,619.000 11.717.404 14. CAPITAL COMMITPAENTS {GROUP AND CHARITY) At the yearorKI, the group had entered into caprial ¢ommth)ents amounting to £175.00012019" nill. The charity has ente￿d into no capital commttrnerrts. 15. PROVISIONS FOR UABILITIES, CONTINGENT ASSETS AND UABIUTIES (GROUP AMO CHARrrYi At the yearond. the 9roup and charity had prwsions for liabilities or ¢ontingenl assets12019.' nill. Ofqual's invests"galion inlo BSC'S regulated qudificatron business. which commenced in Febwary 2019, is not yet conduded. Based on recent correspondence. Ofqual are progressing with regulatory action which may result in withdrawal of recOgn￿"On a5 a regulated awarth.ng organisation and also a fine (including costs). BSC ha5 since wthdrawn from providing all regulated qualifications to new applications. with regulated qUalif￿atIonS business expected to end by June 2023 and rnajorty of qualifications have now passed their operational end dale and are fulty ￿thdraWn. The income from the regulated qualifiGatiofts business has been dKlining since the decision to withdraw in 2020 and future income will be minimal from any re-sit Income. It is not PO55ible to eslimate reliably the potential liability arising from the invesbgation and therelore no proviwon for any fine or costs is included at the balance sheet datE12019". nil). 41

British Safety Councll Notes to the Financial Slalemenls Iconts"nuedl For Ihe year ended 31 December 2020 16. POST EMPLOYMENT BENEFrrs (GROUP AND CHARITY) The ¢harity participates in fv40 retirement benefft schemes. a de)Ined contribution stheme and a defined benefil scheme. Defined contribution sch¢me The charity ¢)perale5 a defined conlrtsjtion 9roup personal penston scheme. All eligible employees are automatically enrolled into the scheme in accordance wth Gurrent legislation. The amount recognised in the SOFA as an expense for the defined c0niribu1￿ scheme is dis¢knsed in note 4. Defined bènèfft scheme The old British Safely CounGil charity operdled a defined benefit scheme for all qualified employees. The assets of the scheme are hdd in a separately administered lund. On 1 July 2003, the liabilib'es in spect of this ￿eme were transferred to the charity- The scheme is dosed. and no future benefits are ac(xuing. The scheme Trustees. policy is to ensure that the ststutory funding objecbve is met by holding suffiaent and appropriate assets lo cover the Val￿ of beneffits accrued up to the triennial valuation date. The scheme Trustees and the charity had agreed a deficit recovery plan under which the charity would contribute £336.000 to the pension scheme in each accounting period through to June 2021, when it was esb"mated that the deficit on the pension scheme would be eliminated with a £1.1m lump sum payment. The most re¢ent triennial actuarial valuation of the scheme bfds carried out as at 1 October 2018. This has been updated for the purposes ol these financial statements to 31 December 2020 by a qualified actuary. In doing so the actuary made approximate allowance for.. a) the payment of benefits., bl the differen( effective date of the ¢alculations. and c} several drfferenl actuarial assumplions. Yh• prlilelp•l actuaviol ¥swrnpw¥nsus•d asai the ￿l•n¢0 th••i dète were.. 202 2018 2017 201$ tjscowl rate Fletwl Price knflaiicn CansumÈrPrre IrthtrJn Pensi￿ e5Cat1(￿ in p•ymert . Pen5Kffi eamed telc¥e 0111aiy2 - Pen5K)n eamed after W09192 26 14 &0 nfa nla med Ilfe •xpoGtsncy In Yea￿ on F•llrem•ni at65: 2020 (years) 20.2 22.4 2019 (yea￿) 20.1 22.3 today Ma￿5 Femaks R•frAng In IQ ye•r4 Maes Ffrmaes 21.S 21.4 42

British Safety Council Notes lo the Financial Statements {conlinuedl For the year ended 31 December 2020 Defined benafft s¢h•m• (continued Arnovnts rqrognid in the SOFA •m •$ lollo$ 2020 2019 exp¥￿￿¢￿19. 112.orN) 158.0 1¥2.OWl {114.OWI Ex¥cled OD assets 30.ODO AMOUnts￿e09nfj￿ In olher Comprehe￿Ve iiKom w• $tsti•ws 20 Actu￿ L9SS Wrternst income In r ini&Esl iruone 2.000 4LX.C £114,OOD) {585,OODI ISN,￿0) 97.OWI 1224.ltrj Ckntys in g¥sumNions tr ¥rts￿l lue ol sctrtsne IAbhb25 The amounts rettjgnised in the SOFA were induded in the Enhancing Performance ath'vity category. Th major calegorfesofKheme asyets wrt•rt•g• ￿￿¥ &%•tsar• A%ftsllo 2019 n% 71% 1% 13% 11% 4% PJowtw Cash 7% 10 100% 2019 Aelual retthm on 5chemeasSS 84.t)JO 522.0 Th• d•fi¢il in th• ¥h•m• vias 2020 2019 assets Pre$erf I￿￿￿ne0 rneS1 (J 4.236,000 4.eoi.oco (6.220,0001 (6.220.0th)1 w•t d•fined )rt•fi1114bility 11,ygIDLhJl 11,619,0tt1

British Safety Council Note5 to the Financial Statements Iconlinuedl For the year ended 31 December 2020 Defined benefit schem8 Icontinuedl The mov•ffleffl In th• d•fi¢it (Drlhe period wa 2020 2019 DEficit ￿ ltre 5cpme * tre be9"r￿thq o4ttre pwiTrJ 11,e19.C•JO) 11.887.coJI Em￿ty¢rC￿1ri￿th￿$ Expecteo ￿l￿n On asset$ e￿&1 exknse rjn obWlrt8 AciL4n Ik)8$ygan 364,COI 538.(IJO 114.000 1112C#)JI 1158.rm} (697,OWI Q24.CW} O•ficS1 In lh• at lh• nd olthq 1,902.fyJOI 11,619,QCL71 Changes In the value of Ihe deflned beneffllobliylonsare a$lollos 2020 2019 OpEing fjelned ¢ilytKffj * 1 J t8￿5t ÈxpEn5e (6.220.OCQI 15.4n.ocoi I112,0￿) 1158.OCfjI 1585,OWI (634,OWI 1114,Olb]I 811.0 BeneM5 PaKI 42.OCiI clo￿￿9 d•fin4d beneflt obll9ation ai 31 O•umD•t 220.0001 16.220,OLbJl Ch•ngo$ In Ihe fair vlue of xheme •ssetsare as ￿10￿￿ 202Q ID19 As5e15 al begnThroJ c4ye¥ ExFeCI￿ r4tthm ￿ a55e15 Aciual ￿luM rAI scheme 38so$, exclLrfIN4 irtwest 4.601.OC•J 3.7￿.Or￿) 114.0 2.OC•J 4O8.ONJ .OW 336.C I811.￿0} {42,OC¥JI aenths pad Awtsatend of year 4238,OOD 4601,0 Th• 4Miliinl•forthe Euryent•nd prevlou5four asfrjllows 2020 2019 20f6 P￿11 ￿ue oldefjned t￿ell cJal Fair1￿ d 5ch&The assets NEt defined benefit liabillty 16.220.rthi (6.270.COI (5.472.rxTri 15.838.c￿O) IS.992.1x￿l 4.W.QW 4.601.¢XII 3.785,IXID 3.776.fA)0 3.666.0 11.ICOJI 11.615.WOI 11.687.000} 12.C62.0001 12.326,OWJI EX￿rterte 8dyJ¥trnent •tsiry tom $¢twe 118DlIt$ EiFrierte a4u3tmert •i5iry th(¥n $¢thne assel {114.IX#)I 11*0) 1155.L 1Z4.th) IC6.WD P89.(Th)} 9.W) 1135.r#xii

British Safety Council Notes lo the Financial Sialements Icontinued) For the year ended 31 December 2020 17. LEASING COMMITMENTS {GROUP AND CHARITY) At the year-end, totsl of fvlure minimum lease payments under non-canceliable operating leases, due not later than one year. were £3,22812019. £9.8401. 18. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES Trust•ès The charity Trustee5 ￿e1Ved no ￿Muner'0n for thwf serwces to the tharity during the year12019". Key management personrtol I senior employees who have authority r&sp)n5ibilty for planning. directing and controlling the activities of the group a￿ key management personnel. The narnes of those indiwdual$ who seNed a$ key management personnel during the year ended 31 December 2020 are set out on the last page of this document. Tolal benefits lincluding social sec[￿ty cos151 In respect of key m¥na9ement personnel during the year was £757.051 12019_" £741,426). During the year. as part of the redundancy Pfogramme. an ex￿rab"a payment of £5,273 wa5 made lo Joscelyne Shaw, a fomier member of subsdiary charity key management personnel, recognising the contributs'on during the lomatron 5vbsequent acts"vib"es ofthe subsidiary ¢harity. Intra-9roup transactfions During the year the Charity charged Mes in Mind fees of £29,86212019'. t38.6001 in respect of management services provided by the charty to Mates in Mind. and no licence fee512019." £1.7501 in respect of Mates in Mind's use of the charity's Start the conversath.on IrainiThJ materials. The charity also granled Mate5 in Mind ￿re funding amounb.ng to £97.45212019. £99.5861. The charity Incurred referral fees amountin9 to £55.250 (2019". £79,138) payable to Mates in Mind. The charity a150 charged BSC Sale5 ￿"MIted fees of £76.48012019". 73.0601 in respecl of management services provided. Al the year erKI the net balance due between the charity and each of its sub5idiaTies was.. Du• to I Ifroml charity 2020 2019 Brrtksh Safety co￿1 Ilryjial LLP 8rilish Safely Sales Lld Mates In Mw 289.086 64.858 410.020 57.533 9S.OSS 1108.0SSI The al)ove are services delivered in line with charitable objects. There are no other related party transadions. Othor related party transactions During the year, the income was recorded from sales made to organisats.ons where certain of the trustees or the subsidiary company charity trustees undertake their ernployment duties. These 1ransacb.ons wefe undertaken on normal commeraal terms and amounted to £25.750 in aggregale {2019'. £18,393). Income per related paty can be analysed as follow5." Turner & Townsend Limited £4,15012019." nill, Balfour Beatty PIC £7.34212019'. £18.3931. Bazalgette Tunnd Ltd Iva Tideway) £13,66312019". nil) an¢J Seddon ConslrLthon Ltd £59512019." nd}.

British Safety Council Notes lo the Financial Statements Icontinuedl For the year ended 31 December 2020 18. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES (continued} Financlal Instrwnents - Group 2020 2019 Dètéor5 7.339 1.819,2 1.857.441 855.091 2.786,565 2.712 532 Fit¥¢ial1gbli1*5- al aTrLYbsed ￿51." Creditors.. f8lhr4 ￿1h￿¢￿t y&8t 1.292,079 1.632,937 Wilh the excepbon of investments of £10.004,140 held at fair value. the group's basic financial tnstruments are measured al amort15ed cost AJI financial liabl￿tieS are of a kind that qualify as basic financial Instruments. Basic financial instrLwnents are inibalty recognised at transaction value and subsequenuy measured at amoflised ¢osl_

Brilish Safety Council Reference and Adminislralive Details For the year ended 31 December 2020 Company number". Charity numbers". 04618713 1097271 in EnglaNJ arKJ Wales SC037998 in Scouand Principal regi$lered office". 70 Chancellors Road Hammersmith Lgndon W6 9RS The Board of Trustees.. LaW￿nCe Wateman Mark Hardy Philip ￿lIe Samantha Peler Peter McGettrick Simon Phillips Stephen Grix David Collins Jennie Amstrong (from 18 March 2020} Prasad 8angalore (from 18 March 20201 Alex Hutchings (from 18 March 2020) Arun MLrttreja (from 18 March 20201 Key management: Michael Robmison Patjl Fa￿eY Sarah Casemo Chief Executive Policy & Engagement director Managing 01￿ctor Mates in Mind (from 18 June 20211 Managing Director Audrt, Training and s￿es Managing Director Qualifications, Oigilal Membership & Operabons Finance Di(￿tOr lfrom 5 July 2021) D1￿Ctor of IT D1￿clOr of Finance (to 12 February 20211 Mana9ing Director Mates in Mind 110 18 June 20211 Roni Kote¢ha Jigna Patel Adil Bhatli Steve Ward Nicola Richards James Rudoni Company secretary.. Banker-. Michael Robinson Barclays Bank ptc. 75 King Street, London. 9HY Irbvestec Wealth and Investment Ltd, 2 Gre$ham Street. LondDn, EC2V 7QN Investrnenl advisers.. Soli¢itor-. Russell-cooke Solicito￿, 2 PLrtney Hill. London, SW15 6AB Auditor.. BDO LLP. 55 Baker Street, London, W1U 7EU 47