British
Safety
Council
company
limited
guarantee
Tirustees,
Financial
December
Statements
Scottis
*ABW21JK•
3010912022
CCWPANIES HOUSE
#34

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 (knna*C￿ 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 incc*Y
l¢)*sfftnl IncorTE
lthesfftnl rNHnageff*nl ¢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
T*lt•l in¢offl•
7.r2*
T.261
expeNiIYUItE
diluie on chw*&bl• Kth41
lrnpro¥fy Ird
{1.23
IrnpFOWry ifjL&thf5 IfLTL*qh
1221}
UJJ
Er￿r￿j p*rftynwK•
rtry Bdv40ry
Irnpr￿ iTr*4LW5
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 incory*lle)¥endI￿reI Ihe repNbng la5 y lh2 51aten*rt cl fina￿ll1 xihitiesl
In￿$bY*￿t inc(
IGain5llk)s5es on 1n¥*strrents
rbsatson charge
Deprecialion char9e
Difference bet**en pension cOntrib￿OnS FR5102 ch*gÈ
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￿ fix*d asse¢s
Purch35e ol in&estrreThls
Proceeds from sak of in*sth*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 ir*eresl 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
91*1￿1¢•i10￿I aS8essn*r4s
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
lrn*sir(*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•fM5*KMS
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￿r*S
Redur*arcy 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 $•¢urit*s
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 C<yJncil Ilndial LLP. British Safety Council Sales Ltd Icompany number.. 12368621 arbd
Males in Mind Icornpany number.. 10338868. charity number". 11724601 are wholly owned subsidiaries
of the Bnlish Safety Council.
The results of the chanty's wholly owned subsidiaries for the year ended 31 December 2021..
British Safety
British Safety Mates in Mind
Council Council Sales Ltd
{Indial LLP
2021
£000
2021
£000
2021
£000
Income and expenditure
Turmver
Cost ol sale5 & admiiislralNe e)F￿￿e5
Tax on profil
Net mow)erM m fuTrYslfftl profrt
1,313
19241
11611
228
196
11931
504
14431
61
Balance sheets
IntaTrJible fiyed assets
TarvJible lixed asset5
Debtors
Cash at bar* aThl in Imnd
172
51
19
86
678
Creditors.. arrK)unts falliNa less t￿n cTr year
17051
1661
{2441
Net assetsllliabilities
264
113
36
The resulls of the chanty's wholly owned subsidiaries for the year ended 31 December 2020-
British Salety
British Safety Mates in Mwid
Council Council Sales Ltd
{Indk41 LLP
2020
2020
2020
Income and expenditure
TLYrover
Cost of sales & adminislratNe e>per6es
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¥f*rS
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$erye
Total funds
£000
Inlargible assets
Taryible a55e15
In%*51rnents
Current assetslllkibilittsl
Per6w laly'l'ty
140
2.034
172
312
2,037
9,813
13661
9.813
12271
11391
Totsi funds
9.586
2.174
36
11.796
Fund balances al 31 December 2020 are represented by..
Unth5ignated
funds
Des*Jnated RestrKted funds
f￿d9
ate$ 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 p8yti*nt
- P*￿th)e8[red èefoie 01110192
- after Ja109192
Asswrwd Wo •¥pectan¢y ￿ yeort. on t•twempnt, at 6S:
2021
lye*si
20.2
2020
lyearsl
R•iirfng to¢lay
Ma￿5
F6maig$
Rotifing In 20 y*ars
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 lo*M:
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 ceilr*J. ex￿L￿￿¥j rtwesi
Actuanal gaw&llosse5} on defirtd b**frt P￿6￿)n sthn
194
234
256
735
15851
697
2021
2020
EqiAt*5
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 dÈfk*d ber*f* 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 t*gifrK9 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
Ber*filS pa￿1
16.220)
16.2201
234
15851
24S
osiry ¢•fin•d otylw¥i￿n ¥t 31 0o¢•N*r
5,637
6,2ZO
Chafftg￿ In th? f•lr va￿+ •1 $¢hw* ￿$$¢$ af• as folrv*S'.
2021
2020
£000
A55dS ai begirriw of yeai
Eycled rplLTn on a$5ets
Adud relLm on sctreme assets. exrth*J ir*oft
Ernpkjyei C￿￿nbul*y￿
8t￿rI1$ 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 asseUllkib*lyl
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 adjusln*rt 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