2021-12-31-accounts

British Safety Council company limited guarantee Tirustees, Financial December Statements Scottis *ABW21JK• 3010912022 CCWPANIES HOUSE

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British Safety Council Content5 For the year ended 31 December 2021 INDEX . PAGE Trustees. report and financial 51atements Chair and Chief Executive's Report Report of the Trustees including the Strategic Report 3-19 Independent Audilorfs ReFort 20-22 Consolidated Slaternent of Financial Activitses 23 Consolidated and Parent Charity Balance Sheets 24 Consolidated Cash Flow Slalement 25 Notes lo the Financial Slatemenls 26~44 Reference and Administrative Details 45

British Safety Council Chair and Chief Executive's Report For the year ended 31 December 2021 CHAIR AND CHIEF EXECUTIVE'S REPORT 2021 was the year that Brib"sh Safety Council's founder. James Tye, would have celebrated his 100th birthday. In fact. James died a quarter of a century ago. though his legacy endures lo this day. both in terms of what he achieved in his lifeb.me and the way British Safety Council continues lo lake forward what he began. It is difficult lo know what James would have thought of the Current world slate. We believe he would have spoken Ltp for everyday people's needs right now. He would not have allowed the impact and risk5 of Covid lo be absorbed by those can least afford it. just to save money or cul costs He would undoubtedly have been proud Ihat during British Safety Council's lifelime and through ils influence. health and safety practices have been transfomied for the better. In the UK there are now few serious accidents and Injuries due lo bad practice in the workplace", a significant legal, cultural and professional matunty has evolved in support of workplace health and safely-, and other nations are pursuing Iheii own pathways to bettei practice. albeit with a wde variation of development. Commercially. 2021 was another difficult year for Britssh Safety Council. as we grappled with a reduced workforce, fluctuating demand for our services as well as more permanenuy moving to hybrid working. 11 was equally rewarding though, as we continued our support for members and customers through the provision of Covid specific service5 including the Covid Assurance Assessment servi￿. Launched in 2020. many more clients took advantage of this serwce during 2021 and particularly in India. Cc¥nmercial perfomiance is one thing, and we couldn't survive wilhoul il as we don't fundraise but our ieason for existence is our charitable pu￿Se. During 2021, we provided free mental health eLearning lo India clients as well as campaigning around air pollution. One of the key highlights of our campaigning work was our attendance al COP26. We also launched our wellbeing campaign called Keep Thriving. This kicked off in May 2021 with a round table event involving high profile polibcal and industry figures. We also started lo embed Theory of Change as the methodology guiding our campaigning aclivilies. This helps provide structure lo our approach, with more clearly defined goals and outcomes. enabling our Iruslees and other stakeholders to see more clearty the Impact we are having. Covid was never far away though. First, we had the Bela variant, then Delta and more recently Omicion emerged, with governmenls around the world taking drastic conlainmenl measure5. Many countries banned arrivals or put In place quarantine requirements, which limited British Safety Council's ability lo meet with clients as well as complete our usual events pmgramme. As we had throughout the pandemic. we look a measured risk-based approach. with the information that was available to us and keeping a very ¢105e eye on developments Thi5 rneanl keenly focusing on delivery rnethods such as Live Online trairbing and remote audits, first introduced in 2020. SLJccessful as they were, they weren't enough lo offset the decline in income as organisations held back on spend whilst they tried lo work out the impact of the pandemic on their organisalions and their people. Oespite Covid, 2021 was also a lime for celebration as we announced winners of our Sword of Honour. Globe of Honour and International Safety Awards. That included, 80 Sword of Honour and 11 Globe of Honour winners who demonslfaled to an independent adjudication panel their proven track record of excellents in managing risks lo workers, health and safety andlor lo the environment. It was also a fecord-breaking year on the events front. Despite the inability lo provide face lo face inleraclion due lo pandemic restricbons. our webinar programme went from strength lo strength The highlight was the Wellbeing In the Workplace webinar which attracted c. 1.000 attendees. During the year. Males in Mind conts'nued to address the pressing challenge of mental illtheallh within the construction sector and related industries. The ongoing global pandemic added lo the existing mental health challenges faced by those who remained at work, were working remolely, furloughed and

British Safety Councll Chair and Chief Executive's Report (continued) For the year ended 31 December 2021 those out of work. Unfortunately, due to the lockdown restn"clions, we saw a direct reduction In individual fundraising together wth a steep decline in donations as organisalions focused on dealing with the ongoing global sittkation. Oespile this. through 2021 Mates in Mind empowered 82 new Supporters, a significant number who were from the SME section of construction. in tackling the issue and embedded positive steps towards creating mentally healthy workplaces and reached more than 35,000 new workers with advice. training and support. This brings the total number of Mates in Mind supporter organisalions to over 550 reaching more than 400.000 workers. So, although Covid did Ils best to throw us off traek. we are pleased to report that in 2021 British Safety Council really delivered on ils charitable purpose. Drawng on our experience and knowledge, we continued lo work with members and customers lo support their efforts and continued lo delwer the services thal they needed, wanted and expect frorn u5. Peter McGettrick 28 September 2022 Mike Robinson 28 September 2022

British Safety Council Report of the Trustees For the year ended 31 December 2021 The Trustees. report Is also a Directors, rep)rt as required by chapter 5 part 15 of the Companies Act 2006, and all chanly Trustees are company Directors_ OUR COMMITMENT TO HEALTH AND SAFErY We are committed lo promoting the health, safety and wellbeing of our staff. associates and others attecled by our work, in line with legislalion and best practice. Our health, safely and our quality management systems are subject lo regular review by external auditors. and we maintained certification against ISO 9001 and ISO 45001. which keeps us in line with the best in market. The Executive team monitor health, safety. wellbeing and quality management. reviewing rErformance weekly. The WATCH team, made up of representatives from departments around the organi5ation, continues lo meet weekly lo review the same. 2021 also marked the launch of our Building Better Belongings IBBB} group aimed al creats.ng greater diversity and inclusion within the organisah"on. Despite continuing to work pfedominanlly remolely, new stsff receive a comprehensive irKluclion programme which includes health and safety IrainiThJ relevant to their role. and this 15 refreshed on at least an annual basis through digital leafnin9. Siaff also have an opwrtunity to undertake health and safely qualification5 as part of their ongoing development. As wellbeing became a greater part of our commercial offering. we also embraced this for our own staff, specifically joining the B￿ng Well Together programme. Due lo the ongoing pandemic, our Sector Interest Group meets"ngs. which fomi a core part of our membership benefits, moved to being wrtual, which actually allowed a greater proportion of our international membership the opportunity lo gel involved. The India team also relaunched their health and safely forums. specifically aimed at India members. Running remotely in January, May and October, they attracted over 600 attendees. Our COVID Assurance Assessment service was launched in 2020, alongside a comprehensive guidance document. aimed at helping organisalions safeguard their staff as they returned from home working. This service was further rolled out in 2021, with particular interest from India dienls. OBJECTIVES AND ACTIVITIES British Safety Council is one of the wortd's leading health, safety and environmental charities, increasingly becoming known foi ils wellbeing services loo. 2.1. Our charilable obJects The ¢harity's objects, as set out in its governing dcKument, are lo promote for the public benefit.. The health and safely of people and the general public and the prevention of acciden15. injury and disease, The protection of people and property from, and the prevention and solution of. criminal acts., Environmental protection and improvement." and Sustainable development. 2.2. Our vision, mission and strate9y Our vision is that -no one should be injured or made ill through their worf(". whilst our mission is that "we strive to keep people as safe and healthy as possible in their worf( through education andpraclical guidance". Our strategy, which underpins tx)Ih our vision and mission. is lo..

British Safety Council Report of ihe Trustee5 (continued) For the year ended 31 December 2021 Undertake a range of chafilable activities, aimed al both businesses and individuals, which seek to improve their occupational health and safety capabilities and perfomiance., and Promote excellence in workplace health and safety management across the wortd by worting with our member organisab.ons and by influencing Ihe health and safety agenda. These activities are described in more detail in seclions 2_3 and 3 below_ From a financial perspective, our strategy Is to generate 8 surplus on our revenue geneialing aclivib.es li.e., our primary purpose trading activiliesl. and lo use Ihi5 surplus. together with our inveslrnenl income, lo fund our non-revenue generats.ng aclivitses, which largely comprise Influencing the health, safely and wellbeing agenda. The charity Trustees believe that Bribsh Safety Council's Vis￿n. mission and strategy fvlly reflect our haritable objects. 2.3. Our activities Our main aclivilies, undertaken lo further the charity's purposes for the public benefit, are grouped under the following headings.. rovin or anisalional erformance throu h information and reco nition We are committed lo sharing information and be51 practice techniques lo support organisalions in the continual improvement of health. safety and wellbeing performance across the world. Our magazine, Safety Management, continues lo carry contemporary news features and Information lo our members and subscribers, and this is supported by a range of electronic newsletters and social media engagement. We facilitate and co-ordinate member sector interest gfOUPS, bringing together senior health and safety professionals from a wide range of organisalions lo share ideas, information and experience, and to help shape our thought leadership and policy engagement. During 2021 these moved to a virtual format, which opened the poSsi￿"11ty of attendance to internat￿nal members. In a normal year. we also host conferences in the UK and internationally. as well as contnbuting lo conferences and events across the globe in collaboralion with partner Ofganisations. Similar lo 2020, much of the planned face to face event activity was postponed or cancelled due to COVID-19 in 2021. We did cary out significant other virtual events wth a partj'cular focus on wellbeing. Externally, we dipped our toe back into the Health & Safety event waters, conts"nuing our partnership with 19 Group, as educational partner for the NEC event in Seplembei 2021. Although attendance was down on previous years. we had a good reception to our seminar sessions. Our International Safety Awards and Sword l Globe of Honour Aw3rd5 continue to recognise commitment and excellence in health, safely and environmental management, and we seek to promote learning from OLtrr award winners Ihrough the publication of case studies. The pandemic affected our ability lo celebrate achievement5 at fa￿-tO-faCe events in 2021 but special efforts we made lo make up for this through media activities and extensive promotson in our leading Safety Management magazine. vin Individ al's ca thro ualificalions and assessments and widenin throu h innovative and efficient delive methods British Safely Council recognise the value of measuring altainment from learning through assessment and offer a suite of qualifications and digital learning that are flexible, cost effective and inclusive in their delrvery methods enabling employers and Individuals to Increase their knolmedge and cornpelence. Major innov31ion5 in 2021 included". reach Investment in our Leamin9 Zone.

British Safety Council Report of the Trustees (continued) For the year ended 31 Decernber 2021 Using technology lo Improve systems linterview bookings, exam bookings, sludenl study appointments embedded into Leaming Zone. introductson ol Zendesk for education and customer experience}. Increased margin in our products lusing a venue sourcing company for our face-lo-face classes. bringing better rates and lermslcondilions, negotiab.ng trainer iales. digitalising and Pfoducing our own material. as opposed to purchasing third party resources. Operating from new venues. extended beyond just London. Manchester and Birmingham. Social media campaigns e.g., Tru51pilot scores moving from poor 2.2 to excellent 4.7. Redeveloped key lulor led products e.g.. NEBOSH General Certilicale and IOSH Managing Salely. Development of a new sludenl hub on the Leaming Zone. where students Can access tutor support, book appointments and access a full on-line library of resources. The practical challenges of managing health, safety and wellbeing within organisalions didn't gel any easier in 2021, as organisations tried lo deal with 5tsff at workplaces and working from home or a combination due lo Covid waves. This situation continued to highlight the need for robust systems and processes lo be In place, whether that's the legal requirements of safeguarding staff through to protecting physical property. Auditing and consultancy are also still vital services for many of our clients. To help In this process. we conb.nued lo offer our core audit and consultancy services on a flexible basis. providing as rnuch of this on a rernole basis as possible. Where local reslriclions allowed and clients required it, face lo face delivery was provided subject lo individual risk assessment. Enhancin or anisalions, erformance throu h audit and adviso We believe that continual improvement ol health, safety and environmental management Systems and practices Is key lo responsible and effective co¥porale governance. and we continue lo offer a range of auditing and accreditation Serv￿ to provide independent verification in these areas for business across the wodd. Our Five Star Audit Programmes for health. safety and environmental managernent audit remain best in class. We also provide audit certificabon 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 remole services. This allows clients to be audited remotely to the ISO 45001 and 14001 standards, logether v4ilh our unique suite of >slar best practice audit services, wilhoul compromising on the high standards clients expect. Clients receive all the benefits of a structured auditing process bul wilh Ihe benefits of the Inilial stages carned out remotely. This is being made possible by advances in technology that allow our audiloc5 to carry out much of the initial assessment remotely_ 11 enables organisalions to obtain and maintain certification standards thereby helping to protect their workforce as well as win new business and relain clients. Im rovin individuals. erformance throu h educatron and trainin Our education team is committed lo supporting competence development. ulilising the very late51 in educational strategies and technologies both online and In the classroom. enhancing the learning experience in a safe environment. During 2021, we Invested significanuy in our Learning Zone. used technology lo improve the booking process. as well as redeveloping our key tutor led products. A new sludenl hub in our Learning Zone allowed students to ac￿$$ tutor support. book appointments and access a fvll online library of relevant conlenl. Influencin the health safe and wellbein enda We continue lo drive and shape the health, safely and wellbeing agenda. working with our members and stakeholders across the world to gather infomiation, eviden￿ and ideas lo shape our policy posihons and guide development of thought leadership material. We als0 keep members In the UK and internationally updated on the latest thinking via our monthly policy newsletter. The charity Trustees have assessed and are 5absfied that each of our activities are for PLJblic benefit. We are satisfieij that we have cornplied wth the dub.es placeij upon us under section 17 of the Charities Act 2011 having due regard lo the general guidance on public benefit published by the Charity Commission.

British Safety ¢oun¢il Report of the Tnjslees Iconlinued) For the year ended 31 December 2021 ACHIEVEMENTS AND PERFORMANCE 3.1. Financlal performance The charity Trustees measure the financial performance of the group against a budget sel by them for the year. The main performance indicators are total income and net income for the year compared with the corresponding budgeted amounts. During 2021. the group's lolal income for the year of £8,162.000 was over the budget of £7.453.000 by £709.000. Similarly, Ihe group's net incorne Ibefore gainsnosses on investment assets and actuarial losse5 on defined benefit pension} of £348.000 was more than the budgeted net expenditure of £299,000 by £647,000. The perfomiance refleets a recovery in income following the release of COVID-19 festriclions and an increasing Contnbution trom India. 3.2. Promoting the importance of health and safety British Safety Council continues lo engage with a range of stakeholders. including Government, regulators, politicians, business, trade and professional bodies, academic and research organisalions and charities, both in the United Kingdom and inlernalionally. lo promote sensible and proportionate regulation and management of workplace health, safely and welltreing, as well as environmentsl proteclion. 3.2.1 Air wllulion Our Time to Breathe campaign aimed at protecting outd¢)or workers from the effects ol poor air quality. launched in March 2019. We held a publicity slunl in Central London and developed the Canairy Air Pollution App for London. While a Kange of acb.vily was planned for 2020, this was pul on hold due lo COVID. 2021 mafked the refocus on Time lo Breathe ￿mpa￿jnIThJ. During 2021, we developed a Theory of Change me•Jel for our Time to Breathe campaign lo ensure we have clear goals. outcomes and measurement in place. We chose four pillars of undeipinning outcomes and activities needed to achieve our goal. Push lo el UK ado WHO ex osure limits for the main Ilutanls We pressed both sec￿lary of Stsle for Environment. Food and Rural Affairs and the Minister lor Agri- Innovation and Climate Adaptaliorb for support in protecting outdoor workers from air pollution, including giving HSE a role In this respect. Acknvily was b.med ahead of a Private Members Bill being tabled in the House of Commons in December 2021 by Chri5bne Jardine MP. calling on the Government lo match the WHO'S clean air targets. Our demands were combined press activity around the same. COP26 The stand-out Time to Breathe campaign actiwty in 2021 was our work at COP26, where we had high profile on the ground activity and our journalist attending the main event. The UN'S COP26 conference has taken place for over 30 years, bringing together repiesenlattves from around the wodd for a 'Conference of the Parties,. or COP. 2021 was the 26th annual summit, with the UK acting as President and the conference takin9 place in Glasgow. We used this Massive OPFQrtunity. to reach the 39.000 peop￿ who physically attended the event, generating ctsverage through Glasgow Live. Glasgow World and the STV website. We published five articles on Safely Management's website during the conference. Further. a feature piece and news articles were published in Safely Mana9emenl's December issue. Addilional coverage aT)d irnpacl was achieved across Politics Home. our own website and social media channels. Creatin clean air zones in more UK citses During March we launched an Air Pollutron Manifesto, which called on all candidates sianding for election as a Metro Mayor in May 2021 to commit lo our Time to Breathe 7-Poinl Plan.

British Safety Council Report of the Trustees Icontinuedl For the year ended 31 December 2021 Gellin woikers lo start raisin the issue wth em lo ers We ran a social media campaign on air pollution in May and June, focused on outdoor worker5 In the UK. The aim was lo increase awareness of our Time lo Breathe Initiative with outdoor workers themselves. sin air Ilub'on as a serious risk lo health We developed a Time lo Breathe 'while board, vKleo to support our campaign and this was promoted lo industry, the press and through social media. Partnershi sin lace with ke allies Partnership working is a key component of our Time lo Breathe campaigning approach, both supporting others with related interests and gaining support for our work. During 2021. we joined the Weslrninsler Commission for Road Air Quality. We started supporting Idle Aclion London Including speaking al the 2021 Engines Off Campaign webinar. We started supporting the Healthy Air Campaign and their drive for amendments to the Environment Bill. Britrsh Safety Council, along with the Healthy Air Campaign, supported ari amendment tabled by Baroness Hayman of Ullwk. to establish a legal limit for PM2.5 that 15 equal to or stricter than the current WHO Iimil. The amendment was subsequently agreed. 3.2.2 Wellbeing During 2021. we launched a wellbeing campaign aimed a15UPPOrting and improving the health and wellbeing of workers. Our goal is for workers lo thrive, that they feel In a good place and Ihal employers are equipped lo make this happen. Workers include all permanent employees as well as self-ernployed workers and those on fixed tenn and Zer￿hOUr conlracls. We are ta￿"ng an inclusive and holistic approach lo we15being. leaving no workers behind. Oura loach Our road map was developed using a Theory of Change methodology lo ensure we had clear goals, outcomes and measurement in place. We chose four pillars of underpinning outcomes and activities needed lo achieve our goal. These were employers, regulabon and Government policy. social Change and cross industry wellbeing measures. Partnershi s develo ed to aid influencin Our first activity was holding a round table event in May 2021. The pucpose of the round table w8S to discuss and seek wider support for British Safety Council's wellbeing campaign and to help inform our posiboning stalemenls. The round table discussion was slruclured around the four pillais of the ampaign. Participants included a numLEr of high profile political. trade and piivale sector individuals. The ovlputs from the round tsble were invaluable in providing guidance and support for the next steps in the campaign. which included our political approach. Combined with feedback from British Safety Council staff, il a150 provided the foundation for the campaign name. Keep Thriving. The round table event also allowed us lo formulate thinking around our p05ib"oning stalemenls. Drivin ort A key part of our strategy is campaigning, and our next major slep was a Par1iamentsry drop-in planned for November 2021. To enable this to happen. we gained eady support from Oean Russell MP who agreed lo sponsor the event. Dods were brought on l)oard lo manage the mechanics of makin9 the event happen. Unfortunately, due to Covid restrictions. the event ultimately had lo be postponed until 2022. However, over 20 MPS and Peers applied lo allend and will be invited lo the rearranged event. Growth in em lo er interest in wellbein With Covid reslrictitsns limiting our ability to organise face to face actimty, like many other organisaiions, our locus moved lo the virtual world. The key wellbeing highlight was our first ever wellbeing conference. held In January 2021, called Wellbeing in rhe Workpla￿. This proved tts be a step change in member and customer engagement, as well as attracting many people British Safety Council had not previously engaged bmth. The event generated fecord attendee leve15 of nearly 1.000. The evenl also PTovided a springboard into later wellbeing webinars with each generating significanl interest.

British Safety Council Report of the Trustees {continued) For the year ended 31 De￿mber 2021 3.2.3 Other campaign wofk Alongside our main campaign work. we also earried out taekn.cal activities during 2021 designed to promote member interests and protect the health, safety and wellbeing ol workers. rt for Juslice for in ured workers cam n driven b USDAW Prior lo 2021. we had already been supporting an USDAW campaign related to justice for injured workers for 3 yeats. with specific help from our Chair and technical personnel. The crux of the campaign was to slop an increase in small claims court limits that would have meant more worker injury cases going lo the small claims courts without the injured party having legal representation. In February 2021, we learnt that the proposed inciease had been dropped. which was a major win for worker rights. Com laint lo ASA about Govemmenl Covid ad In March 2021, the UK Govemmenl released a COVID-19 advert urging the nation lo 'siay horne, protect the NHS, save lives", with the slrapline 'every online meeting is making a difference,. But the advert inapproprialely used a picture of a woman sitb.ng on a sofa cross-legged using a laptop. We look decisive action and urged the Government lo withdraw this advert Immediately, as il implied that people working from home should be workin9 from their sofas. We also registered a complaint with the Advertising Standards Authority. The advert was subsequenuy dropped. 3.2.4 Public relations The quantity and quality of our PR acts"vilies remained extremely h￿h in 2021. In fact, due lo our activities around COVID-19. awardslevents and campaigning, we had our fourth successive reeord year of coverage, with leve15 increasing more than 1900A ccffipared to 2020. Key highli9hls'. Coverage up 197QA compared lo 2021 target Reach up 449010 compared to 2021 target Proaelive press releases up 143°h compared lo 2021 larget 12Qk rnore mernbers aware of ISA awards PR acliwty compared lo 2020 Similar levels of members lo 2020 aware of Covid PR acbvity lup 70/0 for cuslomersl. 3.3. Building understanding and capability We continued to deliver products and services lo our members and other organisabons, indiwduals and stakeholders. both in the United Kingdom and internationally lo help build awareness and knowledge, lo support the development of capability and comFelence. This is facilitated through the delivery of health. safety. environmental and wellbeing informatson {publicalions and evenlslwebinarsl, advice. audits, training and awards. Our education team Continued lo develop training resources and technological solutions lo support learner developrnent, with significant investment in our Leaming Zone. Our magazine. Safety Management. and the supporting topic guides and posters. continued to be major component of communication with our member organisalions and subscribers, continuing In digital only formal. We continue to use our UK I Indian magazines and accompanying electronic newsletters, social merjia platfomis and vide05 10 Share informabon, knowledge, expertise and thought leadership lo help promote proportionate and effect've management of health, safety, environmentsl prolectson and wellbeing as a key enabler for business, social and community activity. 3.4. Committing to leadership and worker gngagement British Safety Council continues to promote strong visible leadership on health. safety and wellbeing and the active engagement of Ihe workforce as core components ol effective risk rnanagemenl. We

British Safety Council Report of the Trustees {conlinued) For the year ended 31 December 2021 use our own knowledge and expertise and that of our member organisalions to infomi, educate and share best practi￿. Our Nvo award schemes continue to play an important role in encouraging and rewarding health, safety and environmental managemernl excellence. To be successful in our Inlernalional Safely Award scheme andlor Sword of Honour and Globe of Honour award schemes. applicants mLtsI demonstrate that effective leadership and commitment. together with active workforce participation, are prominent within their respective organisalions. Various promotional activities have ensured that the awards maintain a key role in the yearly calendar, despite the pandernic and the cancellatson of the fa¢e-t￿face celebrab"ons. Our Sword ol Honour I Globe of Honour awards are wholly dependent on organisations achieving a Five Star outcome from the audit process and then submitting successful applicalions_ A5 such. our plans have continued to include supporting clients who have achieved Four Star outcomes in the audit process onwards on their journey to winning awards. British Safely Council is constantly revising and developing Ihe International Safely Awards lo keep Ihem relevant to businesses woddwide and lo motivate companies to achieve highest standards in health, safety and wellbeing. The awards. in their 63rd year. reco9nise and reward organisalions that have demonstrated a true commitment to achieving high standards of health and safety during the 2021 calendar year. The awards are now open to organisalions of all sizes, types and sectors- both members of British Safely Council and non-members, in the UK and inlemalionally. Our audit and consultancy pri)ducls and services continued to develop Pfedominantly driven in 2021 by the pandemic. We continue lo utili5e the array of expertise In the full-lime staff and Associate pool as well as subject experts. to develop leading and well-respected products. Our Five Star Audit products remain best in class, assuring high performanee and supporting eonlinual improvement in health. safety, environmental management and wellbeing. 3.5. Sharing knovAedge and experience Similar lo 2020. much of the planned face to face evenl aclivity was postponed or cancelled due lo COVID-19 in 2021. We once more had lo cancel our face-to-face internal events such as the Sword and Globe of Honour Awards, International Safety Awards and Annual Conference. We did carry out significant other wrtual events with a particular locvs on wellbeing. Activibes included.. Wellbeing in the workplace (January) India Safely Leadership Forum lJanuaryl COVID-19 workplace management and resilience {Ma¢hl COVID-19 workplace management and resilience - India (April) Managing stress in the workplace (April) Financial wellbeing webinar Imayl India Heallh and Safely Leadership Forum (May) Diabetes at work (June} Best Practice Audit". Five-star SHE Speeificalions (June) Supporting the mental health of your hybrid and lone workers (July) India Health and Safely Leadership Forum Iocloberl A strategic approach lo wellbeing in the wortoplaee {Novemberl Launching membership onboarding webinars for the first lime Continuing to run virtual Sector Interest Group rneets.ngs across." Retail. Stadia, Manufacturing, transport & logistics, Conslrucbon, Housing and local authority and Healthcare. The new formal meant that more international members had the opts.on to participate. Externally. we dipped our toe back into the Health & Safety event waters. continuing our partnefship with 19 Group, as educational partner for the NEC event in September 2021. No one, including the organisers, really knew what footfall would LE like but it was great lo finally gel back oul seeing

British Safety Council Report of the Trustees (continued) For the year en(Jed 31 December 2021 members and customers lace to faee. Although attendan￿ was down on previous years. we had a good reception lo our seminar sessions in the main theatre. We also allended the Air Quality News Conference North event in Seplernber. The event serves as a platform for business, local authorities and the third $￿tOr to leam. ￿e￿Ork and celebrate as an induslTy. 11 was originally due to take place in late 2020 and we were going lo link our participation with Time lo Breathe stunt in Manchestef. DLte to COVID il was pushed back lo 2021. Our Involvement included sponsorship of the evening drinks reception and an exhibilion stand al the reception. Our monthly magazine Safety Management was published in 11 monthly editions albeit it moved to a digital only formal as many staff conlinued working from home. British Safely Counal staff Continued to contribute regulady to trade press across the sector. 3.6. Scottish activities The British Safety Counryl retains a strong and active membership in scO￿and drawn from numerous sectors. 3.7. Fundraising aetivitieg Section 162a of the Charities Act 2011 requires charities lo make a statement regardirig fundraising aclivilies. Allhou9h we do not undertake widespread fundraising from the general public, the legislation delines fund raising as "soliciling or olhewise pr¢xunng money or other property for charitable purposes., Such amounts receivable are presented in our financial stslemenls as Income from charitable acliwlies undef Improving individual's performance through education arbd training" and includes donations and grants. In relation lo the above, we confirm that all solicitations are managed internally, without involvement of commercial participators or fund-raisers, or third parties. The day-to-day management of all income generation is delegated lo the Executive team, which is accountable lo the Trustees. The charity is not bound by any regulatory scheme and. given the small scale of our fund raising, the charity does not consider il necessary to CoM￿Y with any voluntary code of praclice. We have received no complainls in relation to fundraising activities. Our terms of employment require staff lo behave reasonably al all times,. we do not approach Individuals for funds nor do we consider il ne￿SsarY to design specific procedures lo monitor such aclivitses. 3.8. Disabled ernployees The Group welcomes applications lor employment from disabled persons and appoints where the candidate's apliludes and abilities are consislenl with adequately meeting the requirements ol the job. Opportunitie5 are available lo disabled employee5 for training. career development and promob"on. Where existing employees become disabled. it is the group's policy lo provide continuing employment wherever practicable in the same or an alternab.ve position and to provide apwopriate training 10 achieve this aim. FINANCIAL REVIEW lin¢luding Strategic Report) 4.1. Performance of the group and charity The principal funding sources of the group in the reFQrting period were income from ils primary purpose trading aclimlies and investment income. The group's income lor the year lolalled £8.162.CQO which was 12% more than the £7,267.000 achieved in 2020. This largely reflects a recovery from the gfOUP'S pnmary purpose trading activities as 10

British Safety Council Report of the Trustees {conlinued) For the year ended 31 December 2021 COVID-19 reslriclions eased. Income include5 government grant income support under the Coronavirus Job Retention Scheme I'furlough support"l of £3,00012020". £448.0001. The group's expencjiture in the year tolalled £7.814 000 which represents a decrease of 4°h on the £8.119,000 incurred in 2020. This decrease largely reflects the savings from the reslrucluring undertaken in 2020. The group incurred a net surplus {before impact of investments and the legacy pension seheme} of £348.000 which represents a favourable movement £1.200.000 on the deficit of £852,000 In 2020. With gains in investment funds of £823.00012020". £114.000 loss}, an actuarial gain In the legacy pension scheme of £73S,00012020'. £697.000 lossl and tax payable of £181,00012020. £nill, the overall increase of funds in the year was £1.750.000 compared with a decrease of £1,672,000 in 2020. To fairly present the activities of Ihe British Safety Council we have summarised our financial results into five calegones". lrnproving organisalional performance through Information and recognition.. Improving individual capability through qualifications and assessments. Enhanang organisalional perf0mlan￿ through auditing and advice". Improving individual performance through education and training.. and Influencing the health and safety agenda. These Categories represent all the activities outlined eadiei in this document. The summary of the financial resvlls, as set out below, should be read in conjunction with the financial statements and related notes". Net income/(expenditureJ by activity Unrestricted fijnds 2021 Restricted nd$ Total funds Total fvnd5 2021 2021 2020 £LVJO Inconr from (knnaC￿ 8Tr1 ￿antS Ir￿)rOWn9 019ani5abDn kErfonnance Ihrowh inlrmrnabon arnl recog Inyrowng Ir￿l￿du8rs capabilty thrO￿J￿ afid a5sesfftnts Enhancirg orgarM￿￿ery5 Fertorma￿e Ihrotyjh a￿thI¥J ￿ ths lrnpromng I￿￿1￿uarS performance thr(xw tr&rir#J In1￿en¢1￿ ihe healh aryl safety agend 109 431 14961 149DI 17341 13331 356 1791 19 24 13231 1791 19 157 13231 1133 Llher grant inccY l¢)sfftnl IncorTE lthesfftnl rNHnageffnl ¢OSts G8inllbss1 M In¥Eslrrer a55ets Tax pay Net Me￿19¥Pend￿￿r*) 255 1461 823 255 1461 823 161 1,010 262 1471 1.004 19661 Trat)sfeis be￿￿en furds A¢tuafiaIgain￿1￿5$eS1 01 defined terefrt peng¢n gainsiibsse51- currency transLAiion 55 735 735 16971 191 Net ￿vErnent In fuThts 1.689 61 1.672 Improving organisations perfomance through infomialion and ￿cOgnition generated income of £1.774,000 from membership subscriptions. our events and awards and publications. This was £104,000 higher than the £1,670.000 achieved in 2020_ Overall expenditure on these activities increased by £179,000 10 £1,418,00012020: £1.239.0001. Income from Impmving individual capabilty through qualificakns 8nd assessments has dec￿aSed by £143.000 10 £142,00012020 £285,000). Expendilure was £221.000 in 2021 12020. £783.0001, which is £562.000 less than the previous year.

British Safety Cotsncil Report of the Trustees {continued) For the year ended 31 December 2021 Income frorn Enhancing organisalAonalperfomiance through auditing and advisory come from the fees charged lor the provision of audit and consultancy services. Income of £2,035.00012020". £1.362,000) represents an increase of £673,000. Expenditure Increased from £1,852.000 in 2020 10 £2.016.000 in 2021_ InC￿e from acliwties relating to our aim of Impffjving individual perfonnance through education and lTrining is from the fees charged for the provision of training and e-leaming solutions. Income of £3,814.00012020.' £3, 131,000} was up by £683.000 and expenditure decreased by £75.000 10 £3,790.000 from £3.865.000 in 2021. Expenditure incurred lo support Influenung the health and safety agenda decreased lo £323,00012020.' £333,000). Other income includes government grant ineome support under the Coronawrus Job Retention Scheme I'furlough 5UPPOrt"} of £3,00012020 £448,000). The British Safety Council received investment income of £255,00012020" £262,000). The nel gains on our investment portfolio were £823,00012020.' loss of £114.0001 which reflected market conditions. The FRS102 8cluaTial gain on our legacy pension was £735.000 {2020'. £697,000 l0s5l. The last triennial actuarial review of the scheme was completed as of 1 October 2018. The next triennial valuation is to be performed effeclive 1 October 2021. 4.2. Assels The British Safety Council owns the freehdd of its head office building in Wesl London. The land and buildings have been inciuded in the financial slalemenls al a carrying value of £1.737.0(H)12020.' £1,769,000} The British Safely Council has invested in eqvilies and fixed Interest stocks_ On 31 December 2021, the value of the portfolio was £9,813.000 {2020' £10.004.0001. 4.3. Reserves The group's reserves are those unrestricted funds that are freely available to spend on any of the harity's purposes. They therefore exclude tangible and intangible fixed assets held lor the group, own use, amounts designated for essential future spending and amourils sel aside lo match the arnounl of the group s defined benefit pension liability. They also exdude reserves held by Mates In Mind, a subsidiary of the charity, which are restricted. The chanty Trustees designated funds totslling £2.174,OLK)12020.' £2.363.0001. which match the nel book value of the group's tangible and intangible fixed assets excluding those held by Males in Mind. Rernaining unrestricted funds (excluding the pension reserve) amount lo £9.586.00012020'. £9,690,000). The charity's free reserves amount lo £9,586.000 {2020'. £7,708,000). The reserves provide financial and operational stability. This in tum enables the 9roup lo better meet its charitable objects. The reserves policy is reviewed annually by the Board of Trustee$ 11 has three elements.. Part of the charity s reserves shall be designated in respect of the charity s fixed as5els'. The charity shall maintain free reserves al a level no less than a minimum level approved by the Board. This minimum level is set al £5 million and Is intended to provide support for the charity's obligations and its pension scheme in adverse circumstances" and The charity shall continue to mainlain free reserves al a level in exces5 of the minimum for the following reasons". The investment fund, which essentially backs all of the minimum level of free reserves, may fluctuate in value," and 12

British Safety Council Report of the Trustees lconlinuedl For the year ended 31 December 2021 o The charity desires lo maintain organisab.onal stability and the ability to respond rapidly to major opportunities and challenges. Note 12 provides further information about the deS￿nated and unrestricted reserves. 4.4. Subsidiaries The charity has three 100°/o owned subsidiaries". al British Safety Council Sales Ltd. whieh trades in the United Arab Emirates bl Male5 in Mind. which Is a charitable company". and ¢1 Bnlish Safety Council Ilndia} LLP. Except for British Safety Council (India) LLP. which is incorporated in India, all subsidiaries are registered in England and Wales. Summary results of the subsidiaries are sel out in note 8. 4.5. Investmenl policy Our investment policy is established in accordance with the charity's articles of association. Under these, the charity enjoys wide investment P¢Jwers. specifically to.. Invest funds". Employ a professional fund manager.. and Arrange for the investments or other propety of the charity to be held in the name of a nominee. In the same manner and subjecl to the same condtlions as Ihe Trustees of a trust are permitted to do by the Trustee Act 2000. These powers are exercised by the Investrnent Committee, which under its lenms of reference, acts fof, advises and reports lo the 8oard on all matters concerning the management of the charity's investments. Day lo day management of our investments has been delegated lo the professional fund mana9er. The overall objectives set oul in our investment F)olicy a￿ to create sufficient income and capital growth to enable the charity to carry out its purposes conslstenlly year by year with due and proper consideration of fvjlure needs and the maintenance of and. if possible, enhancement of the value of the invested lunds while they are retained. The long-term objective of the portfolio is a total return of RPI plus 3.5¥0 per annurn. underpinned by an income yield of approximately 3Tr￿ per annum. The portfolio delivered a total return of 2.3ts/9 versus a benchmark return ol 0.4%. The obieclive Is to be achieved by investing in a mix of equities, bonds, commercial property and other asset classes. 4.6. Pension liabililies The charity is the principal employer of a defined benefit scheme, which is dosed lo new entrants and no lulure benefits are accruing. The charity's liability for the scheme's obligations Inel of scheme assets), as determined by an indepenijenl actuary, at the year*nd amounted to a net surplus of £256,000 which has Capped at £Nil for recognition in these financial stalemenls12020". £1,982,000 Iiabililyl. The charity Trustees, policy is lo maintain a pension reserve equal in value to any nel defined benefit liabilily recognised in the financial slatemenls. and to mantain free reserves at a level of al least £5 million, in part to provide support lor the charity's obligations to the pension scheme. 13

British Safety Council Report of the Trustees {continued) For the year ended 31 December 2021 4.7. Principal risks and uncertainties facing the group Al the time of approving the Trustees. report and financial 51atemen15. the lop orgar*isational risk was the impact of global economic changes on our primary purpose trading activity"e5. Other risks include.. Financial risk management Our aclivib'es expose us lo several financial risks including price risk, credit risk. market risk. foreign exchange nsk, cash flow risk and liquidity risk_ We did not use any financial derivative5 during the year under review. Credit risk Our credit risk is attributable to trade feceivables. which is managed through credit control processes. Market risk Our investments are subject lo market movemen15 that may result in realised and unrealised losses. We manage this risk Ihrough the use ol professional fund managers. Our investment policy is explained above. Foreign exchange risk Our primary purpose trading actiwties, including our Indian subsidiary. expose us lo the risk of changes in foreign currency exchange rates. We generally create a natural hedge by denominating our income and expenditure in the same currency, specifically. where possible we denominate income contracts in British pounds. We did not use foreign exchange forward contracts during the year. Liquidity risk The group maintains Signifi￿￿1 reserves. which are largely backed by our investment fund. A significant proportion of our investments are held in cash and bonds. which afe available lo meet our liabilities as and when they fall due. 4.8. Going concern The charity Trustees consider that there are no material uncertainbes about the group's ability lo continue. After making enquiries, the charity Trustees have a reasonable expectabon that the group and charity have adequate resources lo continue in operational existence for the foreseeable lulure. Accordingly. they continue lo adopt Ihe going concern basis in preparing the Trustee report and financial slalemenls. FUTURE PLANS COVID-19 continues to have a huge impact on our organisab"on, whether that's financial or people related. Athough we have weathered the ct)nlinuing storm well due lo strong, quick and decisive action taken in 2020, there are actions that we still need lo take in 2022123 and beyond to ensure that the organisalion continues lo recover. The firm platfomi that we developed in 2020121. together with deliverables due in 2022, will ensure that the organisation continues ils path back to previous income levels. The following strategic investments are planned across UK 8T￿ Ind￿n operations in 2022-. India - We will a¢¢elerale ovr growth in India through increased investment in sales reSoUr￿s. We will develop a suite of salely culture change seNi¢es lo meet local market needs and we will deliver the services ulilising in-counlry resources. Wellbein - Wellbeing is the collective tem for mulb.ple acb"vibes and products across the Group, including the Being Well Together pr()grarnme. the 5 Star Wellbeing audit and a suite ol Wellbeing training products. We will focus on the proper launch of Wellbeing inlerTrally {wilh upskilling of our 14

British Safety Council Report of the Trustees {continuedl For the year ended 31 De￿rnber 2021 slaff and cultural changel.. and extemally, in order to conb'nue lo Increase brand awareness through our marketing, events and policy work," and realise budgeted income. Our wmmereial activities will be aligned with our engagement and policy activities. Keep Thriving. Data I Process I S stems - Salesforce have announced a number of features Iworkflowsl from Classic that are lo be rell￿d and so we have limited Choi￿ bul to upgrade to Lightning on a compaoble scope'lo that envisaged and approved in 2019. We therefore consider that we should priorilise the inveslment in this critical technology during 2022 and resource-up to ensure successful delivery. In addition lo investments made in the areas above, ihe following are further key a¥eas that have been iijenlified as areas of opportunity lo research. develop and capilalise on in 2022 and beyond. Efficiencies from the si nificanl investment we are makin in 2022 on 5 5ternsldalal rocesses - Although we have assumed sorne efficiencies from the Data I systems I processes project e.g., by growing income without requinng additional resources. further specific cost savings will be identified in 2022. Reinstalin our sical resence In the Middle East - We will start lo look al this in late 2022 with a view lo starting to implement mid-2023 with benefits starting lo be delivered in 2024. emenl work I cor rate atrona Our engagement work will continue throughout 2022 and we would plan for this time next year to be building its output lin respect of leveraging engagement for value- perhaps through corporate patronage) In ovr budgets for 2023 and 2024. theo ortuni of usin our Indian o eration lo su ort the UK business- Allhovgh started in 2021 and we are looking al some small increases in use of India in 202212023, there are likely lo be further opporlunilies lo do so In the future. The eo ra hic ex ansion of our wellbein ioducls and services - We will start lo look at the polenlial during 2022. taking any opportunitses that arise but mainly start lo plan the extension of our wellbeing offering for implementation in 2023.

8riti$h Safety Council Report of the Trustees {continued} For the year ended 31 December 2021 6. STRUCTURE, GOVERNANCE AND MANAGEMEfrrr 6.1. Governing document The governance arrangements are Sel out in the British Safety Council's arts.cles of assooalion as updated on 19 April 2011. 6.2. Structure The British Safety Council gioup comprises the British Safety Council and three wholly owned sub5idiaiies, British Safety Council Ilndial LLP, British Safety Council Sales Ltd, and Mates in Mind. The report of the charity Trustees. strategic report and consolidated financial slalemenls cover the chaiilable enlily the thiee subsidiaries. The charity is a company limited by guarantee not having a share capital Incorporated in England and Wales. The charity and its subsidiary charity Mates in Mind are registered charities in England and Wales with the Charity Commission and with the Office of the Scottish Charity Regulator in Sco113nd. The members are the charity Trustees of the company. In the event of the charity being wound up. the liability in respect of the guarantee Is limited lo £1 per member of the company. 6.3. Our Board and Management Our Board of charity Trustees is currently made up of 12 Trustees who are also members and Directors of the charitable company Ilhe charity). They sel our strategic direction and are responsible lor making sure we uphold our values and governance and deliver our objectives. They guide, advise and support the Chief Executive, decide how we spend our money and approve our budgets. They review a schedule ol rnatters reserved lo them an¢J delegate certain responsibilitres lo Board commillees and the Executive team, outlined bel¢)W. The charity Trustees have delegated management of the group lo the Chief Executive who reporls on performance against the strategic plans and budget approved by the charity Trustees. The Chief Executive is supported by the Executive team, each member of which is responsible for discrete organisalional functions. The narnes of the Chief Executive and Executive team members a￿ sel out on the last page of this document. The Board of charity Trustees exercise its oversight and assurance role through a range of means. Our Board is structured as follows.. Board of Trustees The main Board of charity Trustees meets at least quarterly lo review performance and lo shape the longer-term fLtlure of the organisalion in partnership with the Chief Executive and Executive team. Audit and Risk Committee The audit and risk committee meets al least each year lo review the group s system of internal control and ils risk register. The committee also oversees the audit of the group's report and financial stalemenls. Investment Commlttee The inveslmenl committee meets al least once a year to review the charity'5 reserves F)olicy, investrnent strategy and performance of the investment fund. 16

British Safety Council Report of the Trustees (Continued) For the year ended 31 December 2021 6.3. Our Board and Management {continued) Campaigns Committee The campaigns committee meets three times per year lo agree policy positions lo underpin our influencin9 and engagement activities and all public pronouncements In our own publications or the media. Qualification¥ and Awards Commlttee The qualifications and awards committee meets three limes per year to oversee the activities of our Ofqual recognised awarding body. The adminislralion of the Inlemational Safety Award and best practice award schemes (Sword. Globe and Shield of Honourl are also be overseen by this committee. Being Well Together Committee The being well together committee meets as required and works with the Executive Team on strategic planning. reviewing overall progress against ihe strategic plan and its obieclives. overview ol the composition. purpose and contribution of the wellbeing Technical Panel and oversight and management of specifie health and wellbeing relale(l risks. Operations Committee The operations committee meets as iequired and works with the Executive Team on the periodic review and discussion on commercial updales. opportunilies and proposals. India Committee The India committee meets as required and works with the Executive Team lo update on India strategic progress, consider budgets and plans for fvture development. Remuneration and Nomination Committee The remuneration and nomination committee meets in January and November and additionally as required. With regards lo remuneration, the role of the committee is lo agree the framework or broad policy foi the remuneration of the Chief ExecLrtive, and. with the advice of the Chief Executive, the terms and conditions of those who report d1￿Cl1Y lo him. In addition, the committee reviews and notes annually the remuneration trends across the organisatson and oversees any major changes In employee benefits structures. It also monitors Executs"ve performarice. With regards lo nomination. the role of this committee is to regularly review the 51ru¢lure, size and composition Including the skills. kno¥￿edge and experience required of the Board compared lo its current position. and lo make recommendations to the Board regarding any changes. All the charity Trustees have been appointed through personal recommendation or public advertisements. followed by interview. On appointment, charity Truslees undergo an induction pr(tess lo brief them on their legal obligations under charity and company law, the content of the memorandum and articles of association, the cornmittee and deci5ion-rnaking processes, the strategic plan and recent key decisions by the Board. Induction also include5 a piesenlalion. a meeting with key staff and the provision of company documents and Charity Commission publication5_ All the charity Trustees have experience al senior levels in other professional and voluntary capacities. Charity Trustees are encouraged lo attend further training. 6.4. Risk Managemenl The charity Trustees are responsible lor the group'5 risk management and the effectivenes5 of internal control systems. As part of the group 5 regular prO￿d￿re5 the charity Trustees and Executive team examine and review the major flsks lo which the group is exposed. It is recognised that systems can only provide reasonable, but not absolute, assurance that major risks have been adequately managed. To this end the risk analysis schedules are presented at least annually at the audit and risk committee and lo the Board of Trustees. 17

British Safety Council Report of the Trustees Icontinuedl For the year ended 31 December 2021 An impact analysis has been undertaken, responsibilities defined, and acb.ons tsken to manage those Tisks, wherever possible. The charity Trustees are satisfied that Ihtsse major risks as identified have been adequately managed, where necessary. The biggest risk to the charity is the economic and market r15k and uncertainty created by COVID-19_ With businesses looking lo cut their discretionary spend and membership and training considered discreb"onary spend these areas of the charity are considered lo be more at risk by a prolonged economic impact. The financial risk of the charity not being able lo meet ils business plan in light of COVID-19 has been miligaled through the reslrucluring to reduce fixed costs and tracking and monitoring of the business through foreca5bng. The financial risk of adverse impacts lo the charity's investment fund are considered high. The investment fvnd's free reserves are considered cwcial lo the charity from a rainy- day perspective, lo give the charity the ability lo pursue its charitable causes and invest in furthenng the objectives of the charity in the future. REFERENCE AND ADMINSTRATIVE DETAILS Reference and administrative details of the charity are set out on the last page of this document. 18

British Safety Council Report of the Trustees (continued) For the year ended 31 December 2021 Trnstegs, responsibilities for the consolidated financial statements The chanly Trustees Iwho are also Direclors of the British Safely Council for the purposes of company lawl are responsible for preparing the TnJstees' report, slrate9ic report and the financial statements in accordance wlh applicable law and regulations. Company law requires the charily Tru51ees lo prepare financial slalemenls for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable laws). Under company law the charity Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the affairs of the charity and of the incoming resources and applicats.on of resources, including the income and expenditure. of the charity for that peric*J. In preparing the financial stalemenls, the chanty Trustees are required to.. select suilable accounting policies and then apply them consislenlly, make judgements and ests"mates that are reasonable and prudent". stale whether applicable accounting standards have been lollowed, subject to any material departures disclosed and explained in the financial slatemenls". and prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charitable gfOUP will continue In business. The charity Trustees are responsible for kee￿Trg adequate accounting records that are sufficient to show and explain the charity's transacb"on5 and disclose with reasonable accuracy al any time the financial position of the group and paient charity and enable them to ensure that the financial slalements comply wth the Charities and Trustee Investment (Scollandl Act 2005, regvlalion 8 of the Charities Accounts IS¢ollandl Regulabons 2006 las amended) and with the requirements of the Companies Act 2006. They are also re5ponstble for safeguarding the assets of the group and parent charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the chanty Truslees are aware". there is no relevant audit Information of which the charitable company'5 auditors are unaware., and the Trustees have taken all sleps that they ought tr) have taken lo make themselves aware of any relevant audil informakn'on and lo e$la￿lsh that the auditors are aware of that information. The charity Trustees are responsible for the maintenance and inlegnty of the corporate and financial infomialion included on the charitable company's website_ Legislation in the Uniled Kingdom governin9 the preparation and dissemination of financial slalemenls may differ from legislation in other jurisdictions. Auditors BDO LLP were re-appointed as auditors in accordance wlh secb'on 485141 of the Companies Act 2006. Peter McGettrick on behalf of the Board The annual report and strategic report were approved by the Board and signed on its behalf on 28 Seplember 2022. 19

British Safety Council Independent Auditor's Report For the year ended 31 t)ecember 2021 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BRITISH SAFErY COUNCIL Opinion on the financial statements In our opinion. the financial stalernenls.. give a true and fair view of the slate of the Group's and of the Parent Charitable Cornpany's affairs as at 31 December 2021 and of the Group's incoming resources and application of resources for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Pracb'ce", and have been prepared In accordance with the requirements of the Companies Aet 2006. the Charities and Trustee Investrnent Iscotiandl Act 2005 and regulation$ 6 and 8 of the Charities Accounts Iscotlandl Regulations 2006, as amended. We have audited the financial statements of Brit15h Safety Council I'the Pafent Charitable Company'l and its subsidiaries I'the Group'l for the year ended 31 December 2021 which comprise the consolidated slalemenl of hnancial activities lincorporating an income and expenditure stalementl. the consolidated and parent charity balance sheets. the consolidated cash flow statement and notes to the financial slatemenls, induding a summary of significanl accounting policie5. The financial reporting framework that has been applied In their prepafalion Is applicable law and united Kingdom Accounting Standard5. including Financial Reportin9 Slandard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Urbited Kingdom Generally Accepted Accoijnling Praclicel. Basis for opinion We conducted our audit in accordance wth International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilibes under those standards are further described in the Auditor's responsibilities for the audit of the financial statements Secti￿ of our report. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Independen We remairb Independent of the GroLJP and the Parenl Charitable Company in accordance with Ihe ethical requirements relevant to our audit of the financial statements In the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical respon*bililies in a¢cordan¢e with these requirements. Conclusions related to going Concern In audiling the financial statements. we have concluded that the Trustees. use ol the going concern basis of accounting In the preparab.on ot the financial statements is appropnate. Based on the work we have performed. we have not identified any material uncertainb'es relating lo events or conditions that, individually or collectively. may cast significant doubt on the Group and the Parent Charitable Cornpany's ability lo conlinve as a going concern for a period of at least twelve months from when the financial slatements are authonsed for issue. Our responsibilities and the responsibilities of the TnJslees with respect to going concern are described in the relevant sections of this report. Other infomiation The Trustees are responsitAe for the other infomation. The other information comprises the information included In the Trustees. Report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial slalements does not cover the other Information and. except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other inloimalion is materially inconsistent the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material Inconsistencies or apparent material misststements. we are required to determine whether there Is a material misstatement in the financial statements or a material misslalement of the other information. If, based 20

British Safety Council Independent Audf(or's Report (continued) For the year ended 31 December 2021 on the work we have performed, we condude that there is a material misstalemenl of this other information. we are required to report that fact. We have nothing to rewrt in this regard. other Companies Act 2006 reporting In our opinion. based on the work undertaken In the course of the audit.. the Information given In the Trustees. Report. which includes the Directors, Report and the Strategic report prepared for the purposes of Company Law, for the financial year for which the financial statements are prepared is consistent wrth the financial statements.. and the Slralegic report and the Directors, Report. which are included in the Trustees. Report. have been prepared in accordan￿ wth applicable legal Tequiremenls. In the li9hl of the knowledge and understanding of the Group and the Parent Charitable Company and its environment obtained in the course of the audit. we have nol identified material misslalement in the Strategic report or Ihe Trustees. report. We have nothing lo report in respect of the followng matters in relation to which the Companies Act 2006 and the Charities Accounts {Scollandl Regulations 2006 requires us lo report to you if. in our opinion.. proper and adequate accounting records have not been kept by the Parent Chanlable Company, or relurns adequate for our audit have not been received from branches not visitetj by us." or the Parent Charitable Company financial slalemenls are not in agreement with the accounting records and returns., or certain disclosures of Directors. remuneration specified by law are not made.. or we have not received all the information and explanalions we require for our audil. Responsibilities of Trustees As explained more fully in the Trustees, responsibilities for the consolidated financial slalemenls, the Trustees Iwho are also the directors of Ihe charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and lair view, and lof such internal control as the Trustees determines 15 necessary lo enable the preparatio¥) of financial slalemenls Ihat ale free from material mtsstalemenl. whether due lo fraud or effor. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the Parent Charitable Company s ability to Conknnue as a going concern. disclosing, as applicable, matters felaled lo going concern and using the going concem basis of accounb.ng unless the Trustees either intend lo liquidaie Ihe Group or the Parent Chantable Company or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as audilor under seclion 4411 Ilcl ol the Charitie5 and Trustee Investment (Scotlandl Act 2005 and under the Companies Acl 20C6 and report in accordance wlh the Acts and relevant regulations made or having effect Ihereunder. Our objectives a￿ lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due lo fraud or erior, and to iSSLJe an auditor's Teport that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when il exi51s. Misstalernenls can arise from fraud or error and are considered material if. individually or in the aggregate. they ¢ould reasonably be expected to influence the economic decisions of users taken on the basis of these financial stslements. Extent to which the audit was capable of detecting irTegularities. including fraud Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design procedures in line wlh our responsibilities, outlined above, lo detect matenal misstatements in respect ol irregularities, Including fraud. The extent lo which our procedures are capable of detecting irregularities. including fraud 15 detailed below.. 21

British Safety Council Independenl Audrlor's Report (continued) For the yeaf ended 31 December 2021 enquiry of management and Those Charged with Governance regarding known or Suspected instance5 of non-eompliance wth laws and regulation and ftaud". reading minutes of meetings of Those Charged wlh Governance", reviewing correspondence with regulatory bodies and from le9al advisors to identify indications of non4ompliance with laws and regulations., assessing the design and operating effectiveness of controls and procedures relevant to the preparation of the financial ststements and the delectson and prevention of irregularities and fraud., delemining whether the accounting FK*licies and presentation adopted in the financial slalemenls are in accordance with applicable law and United Kingdom Accountsng Standards, including Financial Reporting Standard 102 The Financial Re￿￿"ng Standard applicable In the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice) and the Statement of Recommended Practsce for Charilies., performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misslalemenl due to fraud. Areas of identified fisk are then lesled subslanlively., adt1ressing the risk of fraud through management override of conlTols by testing the appropriateness of journal entries and other adjustments. with path"cular focus on unusual account combinations and postings by unexpected users or senior management", challenging the assumptions and judgements made by management for key eslirnales, in particular the valuation of investments. the recoverability of debtors and assurnpbons used lo value the defined benefit pension scheme", incorporating unpredictability into our testing appro￿ through amending the nature and extent of audit procedures", and carrying out detailed lesling. on a sample basis. oftransaclions and balances agreeing to appropriate documentary evidence lo verify the completeness. existence and ac￿raCY of the reporled financial slatemenls. Our audit procedures were designed to respond to risks of material misststement in the financial slalemenls, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by. for examrle, forgery, misrepresenlatsons or through collusion. There are inherent limrtatsons in the audit procedures performed and the hjrther removed non-complian￿ with laws and regulations is from the events and transactions reflected in Ihe finanryal statements. the less likely we are lo become aware of A further description of our responsibilities for the audit of the financial slatemerbls is located at the Financial Report¢'ng Council's l FRC'S") website al". https".IlwvM.fre.org.uklauditorsresponsiknlities. This description forms part of our auditor's report. Use ofour report This report is made solely to the Charitable Company s membets. as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. and lo the Chanlable Company's trustees, as a body. in accordance with the Charib"es and Trustee Investment (Scollandl Act 2005. Our audit work has been undertaken so that we might slate lo the Charitable Company's members and trustees those fflatters we are required to slate to them in an auditor's report and for no olhef purpose. To the fullest exienl permitted by law. we do not ac￿pt or assume responsibility to anyone other than the Charitable Company, the Charitable Cornpany's members as a body and the Charitable Company s trustees as a body, for our audit work. for this report, or for the opinions we have formed_ Jiifwaford (Senior Statutory Audilorl For and on behalf of BDO LLP. Statutory Auditor London, UK Oale. 29 September 2022 BDO LLP is a limited liability partnership registered in England and Wales {with registered number OC305127} 22

British Safety Council Consolidated Statement of Financial Activities (incorporating an Income and Expenditure Statement) For the year ended 31 December 2021 lund 24 fund 2020 £000 20 2D20 IFKOLIE 1rfOme IrWI oonatiOIlS and granl lThrOmp Irorrt thar￿3￿ 4cIkniy lfflprw 1.774 1.714 1.670 1.670 ithknfs c4pabSty 1 276 Qthw Inccqne 392 2S2 448 262 Tlt•l in¢offl• 7.r2 T.261 expeNiIYUItE diluie on chw&bl• Kth41 lrnpro¥fy Ird {1.23 IrnpFOWry ifjL&thf5 IfLTLqh 1221} UJJ Er￿r￿j prftynwK• rtry Bdv40ry Irnpr￿ iTr4LW5 11>531 132¥ 13.79)) 13Z31 {5551 P.8651 13JJl ¢o&ts tunds rot•l .)• 14Zn N•t 1n¢ornd•M￿ndILWl b•1￿ VSBI NEf IKOwWlEXPEN￿rUAE> *i￿nal on oefryo 739 735 T MOVEAIENT IN FiWt6 61 1.750 r¢coNCILIATh)NOF FUNDS To1￿1￿￿ bTLW9M for¥¥atd at 1 Ja 31 00c￿tsT 10.07T 1001É 11.7 its,071 10.04fj All of the above resu115 are derived from contsnuing and unrestricted activities. The parent company gain for the year for Companies Act purposes was £1.558,00012020'. £1,628,000 lossl. The accompanying accountin9 policies and notes fomi an integral part of these ffinancial statements. 23

Britlsh Safety Councll Con501idated and Parent Charity Balance Sheets For the year ended 31 December 2021 Group 2021 £000 Group 2020 £000 Charty 2021 £000 Charity 2020 £000 Note Fixed assets Intangible assets Taryible assets Investmerts 312 2.037 9,813 12.162 89 2,338 10,004 12.431 140 2,029 10,074 12.243 30 2,330 10.265 12.625 Current assets Debtors Bar* & Cash 1.259 1,902 3.161 1.205 1.819 3.024 1.496 1.135 2.631 1,214 1.474 2,688 Creditors: amounts falling due within one year 10 (3.527) {3.427) {3.0941 13,0421 Net current liablrt 13661 14031 14631 13S41 Total assets less nel ¢urrent liabilities 11.796 12.028 11.780 12,271 Net assets excluding pension ability 11.7% 12,028 11,780 12.271 Defined benefit pension scheme liabllity 16 11,9821 {1,9621 NET ASSETS 11.796 10,046 11,780 10,289 Funds Unre51ricted luTrJs - desigrwted Unrestricted fuThls uTrJesuJnated Unrestricted furnls - pension reser Reslricted Mates In MiTrJ Currency tran51alDn dfftererre TOTAL FUNDS 12 2.174 9,59J 2,363 9.699 (1.982) 125) 19} 10,046 2,169 9.611 2,360 9.911 11,982) 14} 11,796 11.780 10,289 The ¢harilable Company has el￿ted to take exempts.on under $￿tIOn 408 of the Companies Act 2006 not to present the Charitable Company slalemenl of financial aclivibes. The nel surplus foi the charitable company for the year was £1.491.000 {2020' £1.702,000 deficill. The financial statements were approved by the Boar(l and aulhorised for issue on 28 September 2022. Peter McGettrick. Chair The accompanying accounts.ng policies and notes form an integral part of the finanaal statements. Company number". 04618713 24

British Safety Council Consolidated Cash Flow Statement For the year ended 31 December 2021 2021 2020 Éooo Reconciliation of net movement in lunds to cash othfrcffl t•at•vJ actr￿1￿$.. I MO￿rr￿n1 in funds Aciuariallgainsllbsses ors defined bwefil pension s¢h Clher Igainsllbsse5- curren¢y tr￿$￿￿"£ l incorylle)¥endI￿reI Ihe repNbng la5 y lh2 51atenrt cl fina￿ll1 xihitiesl In￿$bY￿t inc( IGain5llk)s5es on 1n¥strrents rbsatson charge Deprecialion char9e Difference beten pension cOntrib￿OnS FR5102 chgÈ Ilncreaselldecrease In deblo Increaselldecreasel in creditors Oher 9ainslllxsesl - currency tran51al" Oecrea5e in 51o¢k 1,750 17351 11,6721 697 1,010 12551 18231 40 347 11.2471 iyi 1LYJ 19661 1262 114 13341 907 Net cash 0￿flOW used ￿ opgriting 877 921 Cash flows from investing xtlvit￿.' In￿b￿nI Incorre Purchase of Inkngibb fixEd assets Puiehase ol tangib￿ fixd asse¢s Purch35e ol in&estrreThls Proceeds from sak of insth*ntS Net cash infiow from hives¢ing activlies 255 12631 1461 11.0891 2.103 960 262 1891 1451 11.5691 3.326 1,885 ¢han9e in cash for the year ca￿ in bank and * hond at 1 January Cash in bank and at hand at 31 Doceftknr 83 1.819 964 855 Analysis of ¢hanges in net debt A reconciliation of net debt has not been disc105ed as the gTQUP and charity holds no borrowings. derivatives or obligations under financial leases. 25

British Safety Council Notes lo the Financial Statements For the year ended 31 December 2021 PRINCIPAL ACCOUNTING POLICIES Signrficant judgements, key assumptions and estimates The preparatron of the financial slalements in conformity wilh generally accepted 2ceounting practice iequires the charity Trustees lo make eslimales and assumptions Ihal affect the reported amounts of asse15 and liabilities al the dale of the financial slalements, and the reported amounts of revenues and expenses dLtring the reporting period. Actual resvlls may differ from these eslimales. The key estsmales and assumptions used in these consolidated financial statements are sel out below.. Deferred income Income is recognised in accordance with the accounts.ng policies, with a deferral made for income which has been invoicecl before its recognition criteria are mel_ Income received in advance, relaling lo fijlure periods. is carried lO￿ard In the balance sheet as deferred income and released over the membership period. efined benefit nsion obli ation The financial statements include costs in relation lo. and provision for. defined benefit pension obligations. The costs and the present value of any related pension assets and liabilities depend on such factors as life expeelancy of the members. the retums that scheme assets generate. and the discount rate used to calculate the present value of the liakn"lities. The charity Trustees use impartial actuarial advice lo select the values of critical estimates. Im airmenl of investrnents in subsidiaries Irbveslmenls In subsiL1iaries are held at cost. Impainnent reviews are undertaken annually lo ensure the arrying value al the balance sheet dale is knyer than the recoverable afT￿unt. The recoverable arnounl has been assessed using estimations ol sales growih and profitability. On that basis the Trustees believe the carrying value should nol be impaired. Provision for bad and doubtful deb An allowance has been maile for bad and doubtful debt5 based on the expected recoverability of trade debtors. The assessment of this is based on expectations of future recovery which has been informed by past Co1￿ction experience and the aging of the debts. Basis of preparation The financial slalements have been prepared". al Under the historical cost convention. except for investments, which are included at fair value. bl In Pounds Steding. which is the fUnct￿nal currency of the group. cl In accordance with FRS102, Ihe slalement of recommended practice'Ac¢ounling and Reporting by Charities, ISORP 20191 and applicable company and charitable law in the UK. The charity is a public benefit entity, as defined by FRS102. The accounting policies adopted by the charity TrLJslees are described below. ¢J} On the going concern basis. The Trustees have given COn￿deratIon lo the use of the going concem basis in the preparation of these Inancial slatemenls. It is noted that there is a degree of inherent variability in forecasts, bul the Trustees do not consider there to be a material uncertainty in respect of the Group's ability lo meet ils liabilities as they fall due. The Trustees have reviewed the organisalions ongoiThJ forecasts lo ensure the charity remains financially viable. They receive regular information to all(Iw them lo assess actual trading perfonnance against financial budgets. They have a159 reviewed Ihe cash forecast for al least 12 months from the signing of these financial statements. This assessment includes consideration of the strength of the balance sheet, which includes sonificant investment holdings. Having taken all of these factors into account. the Tmslee$ have a reasonable expectslion that BSC has adequate resources to continue operating for the foreseeable future and. for this rea50n. ha5 continued lo adopt the going concern basis for preparation of the financial slalements.

British Safety Council Notes to the Financial Statements (continued) For the year ended 31 December 2021 1. PRINCIPAL ACCOUNTING POLICIES Iconlinued The charity has taken advantage of the exemption from presenting ils unconsolidaled Statement of Financial Acth'vities ISOFAI under section 408 of the Companies Act 2006 and ils unconsolidaled statement of Cash Flows under section 1.12 of FRS102. Basis of ¢onsolidation The consolidated financial statements incorporate the results of British Safety Council. and all ils subsidiary undertakings on a line-by-line basis. Fund accounting Unrestricted funds are funds vthich are availab￿ for use al the discreb'on of the charity Trvstees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds held on speafic ITUSts. Designated funds are unrestricted funds which are to be used in accordance with specific decisions made by the charity Trustees. They are reviewed annually. The charity Trustees designate funds to match the nel b¢)ok value of tangible and intangible fixed asset5. Intangible assets Intangible assets are slated at cost less accumulated amoitisalion. Amortisalion is calculated, using Ihe straighl-line method. to allocate the depreciable amount of the assets to their residual values over Iheir eslimaled useful lives Ilypical technological useful lifel. as follow5. Website development costs 3-Syears Amtsrtisalion commences once the asset is brought into use. The carrying values of intangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. An impaimenl loss is recognised immediately in the SOFA. Tangible fixed assets and depreciation Property. plant and equiprnent are slated al ¢ost les5 accurnulaled depTeci?bon and accumulaled impairmenl105ses. Such cost include5 Costs directly attributable to rnaking the as5el capable of operating as intended. Oeprecialion is provided on all property. plarnl and equipment, al rates calculated to write off the c051. less eslirnated res￿￿al value. of each a5sel on a syslemalic basis over its expected useful life as follows". Freehold buildings 70 Chancellofs Road Office refurbishment Office fumilure and fitb'ngs Computer hardware and sofvare over 40 years 12.5 years 4- 12.5 years 4-8years Freehold land 15 not depreciated. Oeprecialion commences On￿ the asset is broughl into use. The carrying values of tangible fixed assets are reviewed for impaiment when events or changes in circumslantes indicate the carrying value may not be recoverable. An impaimienl loss is recognised irnmediately In the SOFA. 27

British Safety Council Notes to the Financial Statements Iconlinued) For the year ended 31 December 2021 1. PRINCIPAL ACCOUNTING POLICIES {continuedl Investments in subsidiaries Investments in subsidiaries are carried in the tharity's balance sheet at cost less any provision for impaimienl. The charity assesses investments for impairment Nthenever events or Changes in circumstances indicate that the carrying value of an Investrnent may not be recovew3ble. If any such indication of impaimenl exists. the charity makes an estsmate of the recoverable amount. .An impaimienl loss is recognised immediately in the SOFA. Investments other than in subsidiaries Equity investments are recognised initially al the transaction price. Subsequeniiy, they are measured at fair value, which is taken as the stock exchange bid price value at the balance sheet date_ Any gain or loss on revaluation is reccgnised in the SOFA. Trade debtors Trade debtors are recognised al the undiscounled amount ol cash receivable from the customer. less any appropriate provision for eslimaled irrecoverable amounts. A provision is established lor irrecoverable amounts when there is objective evidence that amounts due under the original payment terms will not be ￿lleCted. Cash and cash equivalents Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-lerm deposits wilh an original maturity date of three months or le55. Income Income Is re￿gnised to the exlenl Ihat the group obtains the right to consideration In exchange for Ils performance. Revenue is measured at the fair value of the considerab.on received, excluding discounts, rebates. VAT and other sales taxes or duty. The following criteria rnust also be met before revenue is recognised. Income from the rendering of Se￿ice$. including training courses, audit services, qualifications and publications is recognised by reference to the stage of completion. Fees received in advance, relating lo future periods are earried foThvard in the balance sheet as deferred income. Li￿nCe fee 1ncome is recognised on a receivable basi5 and subscriptions. receivable on varying dales throughout the year, are apporb.oned on a lime basis. the proportion received in advance being carried forward in the balance Sheet. Donations and grants (including government grants) are recognised when received of when the charity is entitled lo the income and receipt is probable and measurable. Gifts in kind (representing donations of services) is the fair value of the gift, usually the cost lo the donor. Investment income is reeognised on a receivable basis. Expenditure All resources expensed are accounled for on an accmals basis and are allotted directly to the activity to which they relate. Support C05ts induding govemance. management. finance. ir¢formalion technology, human resources and the cost of our defined contribution pension scheme are apports.oned belween our activities. Product developmeT)l expenditure is written off as incurred_ Irrecoverable VAT is included in the expense item to which il relates. 28

British Safety Coun¢il Notes lo the Financial Statements {continued) For the year ended 31 December 2021 1. PRINCIPAL ACCOUNTING POLICIES (continuedl Trade creditors Trade creditors are reccgni5ed al the undiscounted amount owed lo the supplier. Operatin9 leases Rentals payable under operating leases are charged in the SOFA on a straighl-line basis over the lease term. Termination benefrts Termination benefits are payable when employment Is terminated by the group. The group recognises tefminalion benefits as a charge in the SOFA when il 15 dernonstrably committed lo terminating the employment of current employees according to a detailed foTmal plan wilhoul possibility of withdrawal. Defined eontribution pension scheme A group personal pension is available lo staff wlh an employer conth"buts"on dependiro on the employee's age. The cost cf providing this benefit is charged lo the SOFA in the year. D&fined benefit pension ¥cheme Scheme assets are measured al fair values. Scheme liabilities are measured on an acluarial basis using the projeeted unit credit method and are discounted al appropriate high quality corporate l)ond rates. The net surplus or deficit, adjusted for deferred lax. Is presented separalely from other net assets on the balance sheet. A net surplus is reccgnised only to Ihe extent that it is recoverable by the grouplcharity. The current service cost and cosls from settlemenls and curtailments are charged against expenditure on eharitsble activities. Past service costs are spread over the period until the benefit increases vest. Interest on the seheme liabilikn'es and the expected return on scheme assets are Included in income I expenditure on charitable ?clivilies. Actuarial gains and losses are reported separately on the face of the SOFA as part of the nel movernenl in funds. The pension asset Is only considered realisable on sufficient funding and subsequent orderly wind-up of the pension scheme which would be many years in the future and then subject lo the discretion and approval ol the pension scheme trustees. As there is no unconditional right to a refund and that there can be no certainly that a refund of contributions wll be forthcoming, the asset has nol been reeognised in the balance sheet as the charity has capped the pensitin asset lo nil. Taxation The charitable members of the Group are exempt from In￿rne Tax and Corporation Tax on income and gains lo the extent that Ihey are applied lo their charitable objects. The Charity's trading subsidiaries do not generally pay UK Corporation Tax because their policy is to pay taxable profits lo the Charity as Gift Aid where they have sufficient reserves lo do so. Foreign tsx incurred by overseas subsidiaries is charged as incurred. Foreign currencies Transactions In foreign curreneies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilib.es in foreign currencies are translated at the rates of exchange ruling al the balance sheet dale_ Any exchange differences artsing on the settlement of monetary items iy on Iranslaling monetary items at rates different from those al which they were initially recorded are recognised in the income ststement in the period in which they arise. 29

British Safety Council Noles to the Financial Slalements {continuedl For the year ended 31 December 2021 OTHER INCOME Other grant income - Comnavirus Job Retention Scheme ffurfough supporfj Dyring the year the group received government grant income support under the Coronavirus Job Retention Scheme l°fudough support-l in contribution lo staff costs. This grant income is presented as Other income in the ConsolKJaled Stalemenl of Financial Activities and amounted to £3, 17712020.. £447,625). InveSth￿nI income 2021 £000 2020 £000 From UK Investments Equities Unrt aThJ irNestrnent trusts Fixed ireresl boryls Atternati￿$ 136 130 29 57 230 245 UK quoted 5ecuritte5 Oveiseas inve51ftEnl I(￿lS 25 255 17 262 Geographlcal analysis 2021 £000 2020 5,891 1,516 755 8.162 5,150 679 1,438 7.267 India Rest of World BREAKDOWN OF RESOURCES EXPENDED (GROUP) 2021 202 ActNitiE¥ undertaken diiectty £000 Support ¢05ts Support costs Total Total £000 fooo £000 Charlt•b a¢iivkn•s 1rn￿¢￿n9 organi4alk?n [rfonnar￿e infcdnKgiK)na￿l secogn lrnwomng iThlivth491's c8pats&ty ltrrfowh 911￿1¢•i10￿I aS8essnr4s Ertsrrry oroarisabons I￿gh d￿rting ar￿ adI150ry ImwoiirvJ Inthiwdwdl's pertDrmA￿t I edL¢ali)n ar•J IraiThfg I￿e￿9 heaxh safety ageThYa lrnsir(*nl nx4r0ge￿nl cos1$ 1.045 373 732 507 1.239 192 29 221 247 7B3 420 2.016 1.305 $47 1.B52 2.836 228 954 ),790 J23 2.717 203 47 130 333 47 Total mowc•s •xperylid S,943 1.871 7.114 S,S40 2.579 8.119

British Safety Council Noles lo the Financial Statements (continued} For the year ended 31 December 2021 Support cost allocations 2021 lThwro or9aTh5at rfotmarre I￿0￿¥h ormalnn & qLBlfralh?n5 & recL4ryt•Jn assesE4rerns Irrwovry Ir￿Tr￿jL￿fS Iftyov4rg or90￿￿81￿￿$ thr(xKJh aLKJrtuy & & adv6¢1ry traiThr¥J H&$ agerKla Total ¢osts £000 £000 00 £000 Go%Ernance Managerrert ar adrn￿strat￿n Fknian resowces FinaKe 42 47 109 15 79 343 216 212 153 667 422 131 83 21 AnK>rtisal¥Jn Depretsai￿n 72 81 170 18 347 Total 373 420 954 95 1.871 2020 Im￿0￿r￿a orgaTh5alY)11 pertorrna tPwowJh lI￿l￿]h inforrnalKiTh & & 18CO9Thih)n asse55rnerls Irry)ro Inyobiry Ory•fM5KMS tjy0￿h In[￿Wryg a￿rtry & e(kJcalw & ad¥i50ry IraiTrr¥J Éooo agerda Total c05t5 £000 £000 Governonce Managemert aro #drM￿trat￿>Tr Hwnan resowce5 Finance 49 124 233 591 lJ8 765 407 115 27 149 79 91 266 62 30 13 73 39 161 IT Depreoat¥in 183 189 20 23 Total 507 247 547 1,148 130 2.579 Support costs were all alIc￿ted based on percentage allocatson of direct costs. Tolal expenditure has been arrived at after char9ing: 2021 £000 2020 £000 Staff costs Imle 4) Eyenses reimbirsed to I￿￿tee$ or paKJ drectty lo th'rd wtie5 Imle 5) Amorilsati(N) of intaroible assets Depreciation of owned lan9ible assets (￿le 71 OperalirvJ kase paymerts rÈtogThsed as an eyr6e ALKlrtor's remuneration- additional lees in respect ol pru aLklit A￿￿Or.5 remuneration- audiliry IIE gr¢)LP ac¢oLrts A￿￿rtor'S iemuneration- audilir¥J subsidiary accoLrts A￿￿orfS remuneration- tax Corn￿¢￿e seNces 4,267 4,897 40 347 445 12 37 48 12 48 18 31

British Safety Council Notes to the Financial Statements (continued} For the year ended 31 De￿rnber 2021 4. STAFF COSTS {GROUPI Slaff cosls during the year were as follows.. 2021 £000 3.701 2020 £000 4,077 115 440 235 30 Wages S8￿rS Redurarcy costs Soual security cost5 Expense for defi￿ ¢ortrbut*)n pe￿0￿ 5cIETr$ E>pertse for del￿d te￿Ilt PW%K)n s¢ltyrts Imle 161 363 183 20 4,267 4.897 The average nUM￿r of persons employed by the group during the year was 8012020.. 104). The number of employees whose emoluments exceeded £60.000 was as follows.. 2021 2020 NLtynter £60.001 _ £70.C £70.001- £80.L £80.001 - £90,IY)O £90.001- £100.000 £100.OOJ - £110,000 £11Q.001 - £120.000 £120.001 £130,000 £130.001 - £140.000 £149.001 - £150.000 £150.001 £160.OCK) £160,OQ1 £170.000 10 One employee earning £60.000 or rnore12020". one) was a deferred member of the defined benefit pension scheme and was a key management personnel. 10 employees earning £60,000 or more {2020". Nine) were members of the defined contribution pension scheme and contributi￿$ amounting to £62,63212020- £57.5741 were paid on their behalf. Nine key management personnel12020'. Seven) were members of the defined contribution pension seheme and conlributsons amounting to £54,29812020.' £48,542) were paid on their behalf. Total benefit5 lincluding social security costs) in respect of key management personnel during the year were £897.64012020. £757,051) 32

British Safety Council Notes to the Financial Statements {continued) For the year ended 31 December 2021 TRUSTEES, EXPENSES rhe charity Trustees incurred Iravel. accommodation, subsistence and venue costs in fulfilling their duties. These ctssls were either reimbursed lo the charity Trustees or paid direclly to third parties. The total amount of expenses reimbursed to charity Trustees or paid dIreC￿Y to third parties during the year amounted to £57412020". £2,552). The number of charity Trustees reimbufsed for expenses or who had expenses paid directly by the charity was five TnJstees12020'. Five). Indemnity insurance is provided for the charity Tfustees. The premium pam1 during the year amounted lo £2,60212020" £2,296). 6. INTANGIBLE FIXED ASSETS GROUP Website Development £OOD Cost Al 1 JanLBry Addrtions 89 263 At 31 December 352 Amortrsation Al 1 JanLfdry Provided in year 40 At 31 December Net book value At 31 December 312 At l January 89 CHARITY Website DevelopTh*nt £000 Cost Al 1 January Additior 30 135 At 31 December 165 Amrti5ation Al 1 January Promded in year 25 At 31 December 2S Net book value At 31 December 140 At l January

Bfltlsh Safety Council Notes to the Financial Slalemenls Icontinuedl For the year ended 31 December 2021 7. TANGIBLE FIXED ASSETS GROUP Offiee Freehold land Office furniture and and bulding5 relwbishment equipment £ooD £000 £000 Computer equipment £000 Total EOOO Cost At l J8rvJary 2021 Addrtions 3,013 1.405 423 13 2.832 33 7.673 46 At 31 December 2021 3.013 1.405 436 2.865 7,719 Depreciation At 1 Jatxjary 2021 Prowded in year 1.244 1.370 348 20 2.373 260 S.335 347 At 31 Oe¢ember 2021 1.276 1,40S 368 2,633 5,682 Net book valuè At 31 December 2021 1,737 68 232 2,037 At 31 De¢ember 2020 1,769 35 75 459 2.338 Freehold land with a carrying value of £1.712,500 is not depreciated. CHARrrY Office Freehold land Olfice lurniture and and buiJding5 refufbi5hmenl equipmen¢ Éooo Cornputer equipment £000 Total £000 ' Cost At 1 J￿r￿ry 2021 Ad¢Yiti¢ns 3,013 1,405 423 13 2.815 29 7.656 42 At 31 December 2021 3.013 1.405 436 2,844 7,698 Depreciatitin At 1 January 2021 Prowjed in year 1.244 32 1,370 2,364 255 5.326 342 20 At 31 Oecember 2021 1.276 1,405 368 2.619 5.668 Net book value At 31 Oecember 2021 1.737 225 2.030 At 31 Deeember 2020 1.769 35 75 451 2.330 Freehold land wth a Carrying value of £1,712.500 is not depreciated.

British Safety Councll Notes to the Financial Statements {continuedl For the year ended 31 C￿Mber 2021 8. INVESTMENTS Group 2021 £000 Group 2020 £000 Charity 2021 £000 Charity 2020 £000 Movemènts on listed investments Fair of 1 January AcqLisrfiorts at cost Oisp05al proceeds t gainsllkjssesl on In￿t[rer￿ assets 10.004 1.089 12,1031 823 11,875 1.569 13,3261 {1141 10.CX)4 1,089 12, 1031 823 11,875 1.569 {3.326) Fair value al 31 Decembef 9.813 10.004 9,813 10,004 Eguity investments in group urKlèrtakingS 261 261 UK quo¢ed $•¢urits Equrties Fixed interest bonds Invesln*nt aThl urit trusts - LK Public seclor fixed irrteresl lernative a5s815 3,024 1.152 943 178 3.297 1.659 754 125 1.519 3,024 1.152 943 118 7,550 3.297 1.659 754 125 1,519 Total UK quoted securities 6.787 7.354 6,787 7.354 UK quoted overseas securrties Inveslmern aThJ uiil Iwsts 3.026 2.650 3.026 2,650 Total UK quotèd overseas seeuritfjes 3,026 2.650 3,026 2,650 InvestmÈnt in subsidiariès 261 261 Total value at 31 December 9.813 10.004 10,074 0.265 Historical cost * 31 December .312 6.858 6,573 7,119 There were no seeurty holdings wth a market value of greater than S% of the total portfolio at 31 December 2021 12020. none). 35

British Safety Council Notes to the Financial Statements {continued) For the year ended 31 December 2021 British Safely Cper6es Tax on prolil Net mvement in I￿￿Sl￿t lknssllprofrt 553 15561 218 12591 $94 15851 141 Bal•n¢• $he•ts Intangble fNed assets Tangible fixed assets Debtor5 Cash al ba￿ in 58 204 111 61 51 232 C￿drtLyS.' arrKiurts fallirKJ due ￿5$ ttsn year 13581 {791 13711 Net liablitles 15 12SI

British Safety Council Notes to Ihe Financial Statements (continued) For the year ended 31 December 2021 9. DEBTORS Group 2021 £000 Group 2020 £000 Charity 2021 £000 Charity 2020 £000 Trade debtors Other debtors Due Irom subsidiary ￿￿ertakIr9 Prepaymerrts aThJ accr￿1 incort 851 43 798 48 560 42 590 304 39 424 265 365 359 1.259 1.205 1.496 1,214 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2021 Group 2020 £000 Charity 2021 £000 Charity 2020 £000 Trade ¢redrtors Other uedrtor5 Due to subsidiary Lndertakirg TaxalK)n a￿1 social secwity Accruals Deferred ircome 809 17 916 67 792 13 896 55 295 563 1.843 326 236 1,882 377 206 1,508 518 1,484 3.527 3,427 3.094 3,042 11. DEFERRED INCOME Group 2021 £000 Group 2020 £000 Charity 2021 £o¢)o Charity 2020 £000 Deferred ircome as at 1 jar￿ary Deferred irtomiryJ resowce5 Release of deferred ircc 1.882 5.710 {5.7491 2,367 4,711 15,1961 1,508 4.151 14. 1751 2,047 3,895 14,4341 Defgrr¢d income a$ at 31 Dèc•mbgr 1.843 1,882 1.464 1,SO8 Income is recognised in accordance with the prinapal accounting policies. Income received in advance, relating lo future per￿lS are carried forward in the balance sheet as deferred income. 37

British Safety Council Notes to the Financial Statements l¢ontinued) For the year ended 31 December 2021 12. SUMMARY OF MOVEMENTS IN FUNDS (GROUPI Movemenls in funds during the year ended 31 December 2021 were as follows.. Ji 1021 Ll 7.7 123B) IJ P4Tfr 46 7.7 11,710 433 1.36? T•t411￿m 1•.M6 735 62J 11.7% Movements in funds during the year ended 31 t)ecember 2020 were as follows.. 31 Tr4rt¥frS te 201• Éty 10.636 ¢7.W91 ￿Se1 #e$Wled 30 2.333 43 19) lur lJ.371 25 R*rKtsO 11.9821 Restricted funds Funds held by Mates in Mind, which is itself a charitable company. are classed as restricted funds. as these canr¢ot be spenl or applied al the discrelion of the Brilish Safely Council's Trustees. The deficit on restricted funds arises from expendItu￿S in the estsblishmenl and trading ol the subsrdiary eharily. The subsidiary charity Trustees aim lo increase primary purpose trading acb'vities and use any surpluses generated to build modesl reserves. Designaled funds The Board's policy is lo designate funds to match the value of the group'5 tangible and intangible fixed assets and for essential fvlure spending. The transfers from unde5ignated to designated funds is to reflect the nel book value of the tsngible and Intangible fixed assets at the year end. 38

British Safety Coun¢il Notes to the Financial Statements (continued) For the year ended 31 December 2021 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS IGROUPI Fund balances al 31 December 2021 are represented by". Uthlesignated funds £000 Desr9noted Restri¢ttd lund$ funds M¥te$ ￿ Mind £000 £000 Pensi re$erye Total funds £000 Inlargible assets Taryible a55e15 In%51rnents Current assetslllkibilittsl Per6w laly'l'ty 140 2.034 172 312 2,037 9,813 13661 9.813 12271 11391 Totsi funds 9.586 2.174 36 11.796 Fund balances al 31 December 2020 are represented by.. Unth5ignated funds DesJnated RestrKted funds f￿d9 ate$ kn Mind Pension reserve Tc*tsl funds Intarqible f￿ed as5els TaTrJible fixed assets Investments Current asselslllkqbilitesl Per6w liability 89 2,338 10,004 14031 11,9821 10,004 13141 1891 11.9821 Total funds 9.690 2.363 1251 11.982 10,046 14. CAPITAL COMMITMENTS (GROUP AND CHARITY) Al the year-end, the group had entered into capital commitments amounting to £Nil12020.. £175,000). The charity has entered into no capital commitrnents. 1S. PROVISIONS FOR LIABILITIES. CONTINGENT ASSETS AND LIABILITIES (GROUP AND CHARITY) At the year-end. the group and charity had no pro￿￿on9 for liabilities or contingent assels12020." Nill. Ofqual's investigation into BSC'S regulated qualificats.on business. which commenced in February 2019, is not yel concluded. Based on recent correspondence, Ofqual are Pfogressing with regulatory action which may result in withdrawal of recognition as a regulated awardin9 organisalion and also a fine (including coslsl. BSC has since withdrawn from providing all regulated qualifications to new applications, with regulated qualifications business expected lo end by June 2023 and majority of qualifi¢ations have now passed their operational end date and are fully withdrawn. The income from the regulated qualificab.ons business has been declining since the decision lo withdraw in 2020 and future income will be minimal from any re-sil income. 11 is not possible lo estimate reliably the F)olenlial liability arising from the investigation and therefore no provision for any fine is included al the balan sheet dale12020.' Nill. 39

British Safety Council Notes to the Financial Statement5 (continued) For the year ended 31 December 2021 16. POST EMPLOYMENT BENEFffS (GROUP AND CHARITY) The charity participates in tsvo retirement benefit sehemes, a defined contribution scheme and a defined benefit scheme. Defined contribution scheme The charity operates a defined conlrnbutson group personal pension scheme. All eligible employees are automatically enrolled into the scheme in accordance with currerbl legi51alion. The amount recogn15ed in the SOFA as an expense for the defined conthbutson scheme is disclosed in note 4. Defined benefit scheme The old British Safety Council charity operated a defined benefit scheme for all qualified employees. The assets of the scheme are held in a separately administered fund_ On 1 July 2003, the liabilitses in respect of this scheme were transferred to the charity. The scheme is closed, and no future benefits are accruing. The scherne Trustees, policy is lo ensure that the statutory funding objective is met by holding sufficient and appropriale as5els to cover the value of benefits accrued up lo the triennial valuation dale. The scheme Trustees and the charity had agreed a deficit recovery plan under which the charity would eontribule £336,000 lo the pension scheme in each aecounling period Ihrtsugh to June 2021, when it was eslimaled that the deficit on the pension scheme would be eliminated with a £1.1 m lump sum payment. The most recent triennial actuarial valuation of the scheme was carried out as al 1 October 2018. This has been updated for the purposes of Ihese financial stslemenls lo 31 December 2021 by a qualified actuary. In doing so the actuary made approximate allowan¢e for.. al the payment of benelils., bl the different effective dale of the Calculat￿n$.. and cl several different actuarial assumptions. 2Q21 2020 (%) 2019 (% 2018 2017 {%) scowl rale Reiail Pr￿e Irflai￿Tr Consumer Wice I￿110￿ Perwon 6$¢￿8￿0￿ in p8ytint - P￿th)e8[red èefoie 01110192 - after Ja109192 Asswrwd Wo •¥pectan¢y ￿ yeort. on t•twempnt, at 6S: 2021 lyesi 20.2 2020 lyearsl R•iirfng to¢lay Ma￿5 F6maig$ Rotifing In 20 yars Males Fema 21.S 21.5 23.8 40

British Safety Council Notes to the Financial Slatements (continvedl For the year ended 31 December 2021 Defined benefit scherne {continued) reGogni5od ih Ihe SOFA as loM: 2021 £000 2020 £000 irterest on otrjyatky Ejpethed rwLm Qn assets 91 1821 20 30 I￿￿ntS ￿c0￿￿ed On tho SOFAaw• as lolo: 2021 £000 2020 Écdjo Art￿1 retLtyn1gss ki¥e$t EwerierLe or Ios5e5 on Sabll Ctsryes Inassirnplior6 ur￿etyry t￿ present of$L￿ Ctta￿e in effed of asset ceilrJ. ex￿L￿￿¥j rtwesi Actuanal gaw&llosse5} on defirtd bfrt P￿6￿)n sthn 194 234 256 735 15851 697 2021 2020 EqiAt5 Pioperly Corporaie b¢Thls Giks Cash 57% 0% 12% 28% 3% TJ% Total 100% 1CrfJ% 2021 £000 2020 £000 A¢1￿1 rel￿ on5ttew¢ a5%1S 6J4 84 Th• dofk kn th Khgir• was: 2021 £oc¥) 2020 Fair wa￿e of sthme asseis Presert walLP of dÈfkd berf obhJai¥ 5.893 15.6371 4,23B 16.2201 Net defthad asseull4b1￿1YI 1.982 EffeL% of asset ceory 12561 R•¢ogn150d dpf*b•d bpn•fit Ilabihly 1,982 The pension a55el is only considered realisable on sufficient funding and subsequent orderly wind-up of the pension scheme which would be many year5 Iri the future and then Subject to the discietion and approval of the pension scheme Iruslees. As there is no unconditional right lo a refund and that there can be no certainly that a refund of contributions will be forthcoming. the asset has not been recognised in the balance sheet as the chanty has capped the pension asset to nil. The defined benefit obligation in respect of 22 pensioners12020". 22} is shown nel of the annuity asset value as the impact on the net defined benefit asseVlliabilily} is nil. 41

British Safety Council Notes lo the Financial Slalements (continued) For the year ended 31 December 2021 Defined benefit scherne (continued) Thg rno¥•m•ni kn tho d•lKrfL for th• wK)d was.. 2021 2020 Eooo Deficit in Ilp al ttre tgifrK9 01 permxl lovernensin Ihe penod.. Ernfv4oyer cQrtrlJ￿￿r Expectf¢ relwn on assets I￿e￿st eAperÉe on obloatts A¢tuari819aFVIIoss1 11.9821 1.287 71 82 735 16971 O•flcft kn Iha $¢heffle at th• tr￿ oflts 11.9821 Change5 in the pr•seni of the d￿l￿ed benèfil obwions are a$ follMs.' 2021 £000 2020 Éo OpewJ def¥W obthgaliw al l Jar lrtere51 ewetL5e Re￿￿35l￿eMErt ansry from charge5 n 455urylvJrts RemeasWe￿rt ansinj from ewerErKe BerfilS pa￿1 16.220) 16.2201 234 15851 24S osiry ¢•fin•d otylw¥i￿n ¥t 31 0o¢•Nr 5,637 6,2ZO Chafftg￿ In th? f•lr va￿+ •1 $¢hw ￿$$¢$ af• as folrvS'. 2021 2020 £000 A55dS ai begirriw of yeai Eycled rplLTn on a$5ets Adud relLm on sctreme assets. exrthJ iroft Ernpkjyei C￿￿nbuly￿ 8t￿rI1$ paAJ 4.2)8 71 563 1.267 12461 4.601 A88•ts otgnd ofy•ar S,893 4.231 Tho amovnt$ lorth• ewr•rt •thd pmlous four pg1iod¥ ¥• as lo•￿￿". 20 2020 2019 £000 2011 £ODO 2017 £000 Present of defirwl bprplh obWJatv)n Fair valR of 8sse15 Nel defiTr¢d benefit asseUllkiblyl Effecl ol as$el ce A•co9nised deflned ty•n•fLt IAbiTty 15.6371 5.693 256 256 16,2201 4.238 11.9821 16.2201 4.601 15.472} 3.785 11,687 15.8381 3,776 12,0621 1.982 1,619 1.687 2.C42 E¥erierKe adjuslnrt 8riW4 from 14blths EwerierKe adI￿l￿ert rrom S￿rne assets 194 124 56J 13891 42

British Safety Council Notes to the Financial Statements (continued) For the year ended 31 December 2021 17. TAXATION 2021 £000 2020 £000 Foreign subsidiary currerrt tax Foreign subsidiary adjustments in respect of prK)r years Total foreun subsidiary cwrent tax charge 82 83 165 Foreign subsKliary deferred lax credrt 14) Foreign subsidiary total tax charge 161 18. LEASING COMMITMENTS (GROUP AND cHAR￿Y) Al the year*nd. total of future minimum lease payments under non-cancellable operating leases, due not later Ihan one year. were £Nil12020". £3.2281. 19. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES Trustees The charity Tnjslees received no remuneration for their servi￿$ lo the charity during the year12020". Key management personnel All senior employees who have authority and responsibility for planning, directing and controlling the activities of the group are key management personnel. The names of those individuals who served a5 key management personnel are sel out on the last page of this document. Total benefits lincluding social security costs) in respect of key management personnel during the year was £897,64012020'. £757.0511. Intra￿rouP Iransactions During the year the charity charged Mates in Mind fees of £11,94012020'. £29,862) in respect of management services provided by the Charity lo Males in Mind. and £Nil licence fees12020". Nil) in respect of Males in Mind's use of the charity's Start the Conversation training materials. The chafity also granted Mates in Mind cole funding amounting lo £Nil12020". £97,452}_ The charity incurred referral lees amounting lo £70,391 12020.. £55.2501 payable lo Males in Mind. The charity harged BSC Sales Limited fees of £72.88312020.' £76.4801 in respect of management services provided. The eharity also charged BSC India LLP fees of £461. 19312020.. £184,756) in respect of mana9emenl services provided. Al the year end the net balance due between the charity and each of its subsidiaries was.. Due to I Ifroml charity 2021 2020 British Salely Cowcli Ilndial LLP British Salely Courtil Sales Ltd Males In MINI 570 20 289 40 95 The above are 5ervice5 delivered in line wlh Charitab￿ objects. 43

British Safety Council Notes to the Financial Statements Iconlinuedl For the year ended 31 December 2021 Other related party transactions Dunng the year, the irbcome was recorded from sales made to organisalions where certain of the Iruslees or the subsidiary company charity trustees undertake their employment duties. These transactions were undertaken on normal commercial terms arbd amounted to £20,900 In aggregate {2020'. £25.7501. Income per related party can be analysed as follows.. Turner & Townsend Limited £Nil12020.' £4, 1501, Balfour Beatty PIC £9,340 {2020". £7.3421, Bazalgette Tunnel Ltd Iva Tideway} £4,98012020. £13,663) and Seddon Construction Lld £Nil {2020-. £5951. Financial Instruments - Group 2021 tooo 2020 £000 Finan¢ial asseis- at *ntyt Deb1015 Cash d cosi". 1.109 1.9J2 1.819 3.011 2.787 FThKial14qblilies- at arnorttsed eost Credlors.. amurts la1￿9 wkth'n fft year 1.389 1.292 With the exception of investments of £9.813.000 held at fair value. the group s basic financial instruments are measured al amortised cost. All financial liabilities are of a kind that qualify as basic financial instruments. Basic financial instruments are inih.ally fecognised at transaction value and subsequently measured al amortised cost.

British Safety Council Reference and Administralive Details For the year ended 31 De￿mber 2021 Company number". Charity numbers.. 04618713 1097271 in England and Wales SC037998 in Scotland Principal and registered office". 70 Chancellors Road Hammersmilh London W6 9RS The Board of Truslees.. Peter McGettrick David Collin$ Lawren￿ Waterman Philip White Samantha Peters Stephen Grix Jennie Armstrong Prasad Bangalore Arun Muttreia lan Bucknell lappointed 25 April 20221 Jonathan Gawthrop {appoinled 25 April 20221 Rupert Thornpson (appointed 25 April 20221 Mark Hardy (retired 25 October 20211 Alex Hulchings (resigned 20 May 2022} Simon Phillips (resigned 29 June 2022} Key management". Michael Rolj'nson Paul Fakley Sarah Casemore Chief Executs've Policy and Engagement Director Managing Directof Males in Mind (from 18 June 20211 Chief Commercial Offi￿r Wellbeing Director Chief Operating Officer (from 5 July 20211 IT Director Director of Finance (to 12 February 20211 Managing Director Mates in Mind Ilo 18 June 20211 Roni Kotecha Jigna Patel Adil Bhalli Steve Ward Nicola Richards James Rudoni Company secretary.. Banker.. Michael Robinson Bardays Bank plc. 75 King Street, London, W6 9HY Investec Wealth and Investrnent Ltd, 30 Gresham Street, London, EC2V 7QN Investment adviser.. Solicitor.. Russell-cooke Solicilors. 2 Putney Hill. London, SW15 6AB Auditor.. BDO LLP, 55 Baker Street. London. W1U 7EU 45