The
Honorary
Tre(zsurers
ForLLm
ANNUAL REPORT AND ACCOUNTS
2023

TRUStEES' ANNUAL REPORT
For the year ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Name:
The Honorary Treasurers Forum {Yhe Forum")
Charty Registration
Number..
1118802
Trustees:
BRUCE GORDON, CHAIRMAN
HEATHER L4MONT
PROFESSOR PAUL PALMER
GK4HAM SPOONER (to 31 December 2023)
NICOLA SILVERLEAF. TREASURER
DAVID ROWE
Chief Executive:
RICHARD WILLIAMS
Principal Office and Administrative Address:
c/0 CENTRE FOR CHARITY EFFECTIVENESS
BAYES BUSINESS SCHOOL (FORMERLY CASSI
106 BUNHILLROW
LONDON ECIY 8TZ
Independent Examiner:
SIMON mOLLE￿. PhD, ACA (Re-appointed 2fh March
20241
Bankers..
THE CO-OPERATIVE BANK

CHAIRMAN'S OVERVIEW
CHAIRMAN'S OVERVIEW 2023
The Honorary Treasurers Forum is the primary source of professional development and sharing of
ideas, challenges and solutions for Treasurers and Chairs of Finance Committees. The Forum is the
only organisation that fo¢usse5 Whol￿ on the needs of thoseTrustees who assist directly in f inancial
matters, 5UPPOrting them to enhance their confidence and helping them to be better at what they
The Forum continues to deliver a hybrid events programme and has managed to deal effectivelv
with increased costs and inflation. The WhatsApp group has developed to become an important
membership benefit and we now have an active Linkedln presence which has increased our scope
and reach to the charity sector.
2023 has primarily been a year of consolidation and modest growth. The additiona1 sUPPOrt
provided by our part-time administrator Roz Bott ha5 proved invaluable in enabling us to enhance
our relationship with both individual and corporate members.
During the year we held eleven events overall wi(h nine virtu31 online events. and two face to face
events. We sent out eight 5ix-weekly email newsletters which provide practical support and access
to resources and support Treasurers in their vital role. The WhatsApp group has grown to 151
members and has become a vitas and increasingly valued channel of communication for members.
Our website has continued to be a valuable resource. including as it does the ever-popular
Treasurerfs handbook for download by new treasurers and non-member5, plus publicly available
presentations, or sumrnaries of previous events. When asked by members we 3150 provided
recordings of online events whenever possible. Being a mature digitally focused charity has meant
that we have been able to contsin our costs and the increased membership and activity has been
catered for. We launched our Linkedln Forum page in August 2023 and at the end of the year we
had 255 followers and had made 44 posts and rep05ts. We have used the CEO'S Linkedln profile
with 3,5W connections to repost all the posts on the Honorary Treasurers Forum Linkedln page and
to repost sever31 corporate member posts. We are also reposting on several other Linkedl n pages
with many more followers including Charity UK. Charity Intelligence and Charterpath, amongst
others, giving us a reach of over 35.(M)O contatts.
We are very grateful for the continued sponsorship from UBS, who have maintained their sUPPOrt
despite all the uncertainties. We also much appreciate the support of the 30 corporate members,
who are listed on our website and whose support alongside member subscriptions enables the
Forum to be financially sustainable. Corporate member event5. training and white papers feature
regularly in our 6 weekly member and non-member email newsletter,. several of our corporate
members ran both our virtual and face-to-face event5. We are also especially grateful to the
eminent spe3kers who gave their time and expertise and without whom we wouldn't be able to
provide such a successful and interesting pro8rarnme of events.
Membership has continued to increase and now stands at 350.. the members in turn support over
785 charities with over 50% having an income of over £lm. The WhatsApp group constitutes 43%
of the membership.
Corporate membership growth is eX￿lIent. This increased individual

membership, corporate membership and the vital UBS 5pon50rship help us to provide support,
advice and a vibrant commLJnity to our members. Our member and non-member newsletter
distribution increased to over 1,9(X) subscribers and we have progressed the collection of more data
on the reach. impart and geographical location of the Forum members.
Richard Williams, CEO, continued the development of the Forum and maintained progress. He
receives a modest payment for his service which does not reflect the additional time he spends, as
a volunteer, that has enabled the Forum to maintain its growth. We estimate that at his usual rate
this would have again amounted to an additional £IO.QKK).
I would like to thank my fellow Trustees and volunteers for the time. help and support they have
iven the Forum. At the end of the year we said a final good-bye to Gr3ham Spooner, a long
Standing trustee for his many years, service and outstanding contribution to the Forum.
I would especially like to thank Nicola Silverleaf. our Treasurer. and Roz Bott, our administrator, for
their enthusiasm and loyalty and to thank Richard Williams for his commitment and support in
maintaining the Forum at its new level.
Bruce Gordon
Chairman
IO, June 2024

STRUCTURE. GOVERNANCE AND MANAGEMENT
The HonoraryTreasurers Forum is a charity governed by a Trvstee Deed dated 19 March 2007. Its
object is-
"to advonce the educat￿n infinanciol management of those who ore re5ponsiblefor those looking
ofter chorities'finances."
Membership of the Forum is open to all Treasurers and those Trustees principally responsible for
finance matters in their charities.
The organisation 5trurture of the Forum is simple. The Trust Deed requi￿5 there to be at least
three Trustees and no more than ten. At the end of 2023 we had six Trustees supported by a part-
time Chief Executive and a small number of volunteers. The Trustees meet routinely as a Board at
least four times a year, when strateBic decisions are taken, minutes approved, and other routine
business dispatched. Attendance is usually l(XN. This year we were ab￿e to meet again in person
for one of the four meetings.
Trustees are recnjited and appointed by the Board and reflect the range of ski115. knowledge and
experience required to run the Forum effertively. All the Forum's Trustees are eitherTreasurers in
their own right or work closely with the T￿asUrerS or Directors of Finance in Charities. The normal
term of office for a Trustee is three years, but Trustees can be reappointed and serve up to a further
five terms.
Induttion is gwen to all new Trustees including briefing meetings with the CEO and Chair on roles
and responsibilities and an overview of the Trust deed. the decision-making processes. the strategic
implementation plan. policies and recent financial performance of the Forum.
PUBLIC BENEFIT
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Art 2011
to have due regard to the Chaiity Commissioners, general guidance on public benefit, 'Charities
and Public Benefiy,.
The Trustees ensure the chariVs purpose is carried out forthe public benefit by delivering services
that are valued by members and promote strong financial management and control. Services
include members. meetings and online events, regular email newsletters, a WhatsApp group. the
website with online resources. ￿Search and engagement with the sector into aspects of finance in
charities. hosting a Treasurer vacancy board, and general networking.
The Forum is open to all Trustees.. those who currently, in the recent past, or expert in the near
future to take on the important role of a Treasurer in a charity or to have responsibility for financial
matters. Members pay a small annual fee. currently set at £35. Attendance at the Forum meetings.
either digital￿ or in person, continued to be free in 2023. The Forum actively helps charities to

maximise use of their resources and make a greater impact for all their beneficiaries. and we are
active in the Charity Community.
FINANCIAL REVIEW
The Forum has always had a simple operating mL*Jel. with few outgoings, and does not
undertake activities unless they are funded in advance. Accounting records are kept usin8 Xero
and annual invoicing has improved control over billing and debtors.
Earlier years, financial reviews have reported how the ir*come generation strategy moved
steadiw towards less reliance on majcir sponsors to more effective engagement with Corporate
Members, combined with an increase in general membership. In 2023 the positive results of
these changes continued to be apparent. with On￿ a small turnover in Corporate Member
numbers. There was. however. a continued tapering in the sponsorship donation received from
our major sponsor. UBS. now reduced to £2,5(K).
We have now completed a forensic review of membership numbers and continue to remove
lapsed members from the roll. changes which primarily reflect the retirement of long-standing
Treasurers from a number of charities. The annual subscription has been maintained at E35 since
2020 and cost has not been cited as a reason for ceasing membership. The retention rate is still
extremely high.
Our events continue to remain on-line. a model which allows costs to be contained. A much
more digitally focused organisation has increased the number of online events offered free to
members with only a modest increase in website costs. The two factrt¢Fface events in 2023
were funded by U8S and CCLA, at no cost to the Forum.
Reported in more detail under achievements af)d actwities, the website continues to be a key
marketingtool and resource formembers. Its ongoing updating and enhancement is outsourced,
the cost of which is proportionate to the increasing attivity, especially on the popular Treasurer
vacancy board. In 2024. we plan to bring the website management in-house, which will reduce
cost, but also improve our response time.
The 5tstement of Financial Activities is Set out on page 13.
Total income of £27.27912022.. £32.5101 comprises corporate and individual mernberships and
a major sponsorship from UBS which 15 shown as a donation. Donations also include notional
amounts to reflect the equivalent cost of support provided to the Forum. as set out in note 4. In
2023, the first full year of our oijtsourcing our administration to Roz. these costs had reduced so
now only comprise a post restante address provided by Bayes 8u5ine55 School's Centre For
Charity Effectiveness and the event provided by UBS lin addition to their generous sponsorship),
a total of £75012022.. £4,750).
Total resources expended were £25,55612022: £27.1791. including a mcKY* payment of £13.5Q)
under contrart to the Forum's part-time Chief Executive.
Most other costs rel8te to
maintenance and updating of the website and to administrative support.
The financial statements show a surplus of £1,72312022.. £5.3311, reflecting the reduction in
primary sponsorship, and the completion of the transfer of administration support so It is no
longer pro-bono. Membership income is Stated. as usual. after deferring amounts billed to new
members who joined after l October 2023. As an incentive to join, even if late in the year, our
policy is to extend new memberships to cover the following calendar year- to avoid accounting
complexity this income is deferred in fvll.
As with other membership or8anisations working on an annual cycle. all recurrin8 income falls
due at the beginning of the year. so cashflow is easy to predict.

The Forum's bankers are the Co-operative Bank, reflecting a high standard of corporate
responsibility.
RISK
The Trustees have actively conSide￿d the risks to which the Forum was exposed during 2023
and are satisfied that Systems. including appropriate internal controls. are in place to minimise
or mitigate them. A risk register is activeW maintained and reviewed in detail annually,. the major
risks and their inter-relationships being monitored at the intervening Trustee Meetings using a
risk map. Risks considered include loss of income or key personnel and have addressed potential
injury to members when events are held in person. Although the administrative team is small,
roles ean be covered in the case of absence. which also improves internal control.
The continuing surplus in 2023 allowed ￿serveS to build further.
RESERVES POUCY
At the end of 2023 reserves, all of which were ￿n￿StrIcted. stood at £19,385,12022 £17,6621.
8efore the Covid pandemic the Trustees reviewed reserves policy and at that stage agreed that
resetves should continue to be maintained at betsyeen three- and six-months, operating
expenditure.. this would allow all planned Forum meetings in a normal year to be fulfilled. which
is still the c35e. Reserves now sit above the top of this ranBe. Trustees are considering a
designation of reserves to apply to one of the many projects which have been identified but not
started due to resource constraints. It is likely that plans for continuing expansion, improvements
in operational efficienry and supporting IT infrastrncture will invO￿e the expenditure of some
reserves.
All held in cash, and with minimal working capital requirements from such a low overhead model,
the Trustees consider that the reserves level provides a sound basis from which to develop the
Forum further. especially gwen the continued positive outlook for income in 2024.
ACTIVITIES AND ACHIEVEMENTS
We start this review by congratu13tin8 our Chair of Trustees, Bruce Gordon. on the award of an
OBE, announced in the New Yearfs Honours List in January 2024. for service to charity- Amongst
his many achievements, as a founding Trustee Bruce has supported the Forum since its inception.
The Forum's 2023 hybrid prograrnrne consisted ol 11 events with nine online events and two
physical meetings in London.
The hybrid events model ha5 helped the Forum to èppeal to our much wider geographical and
diverse membership. It is testamentto Trustee5. our CEO and administrator that, given our very
finite resources. we have maintained a high level of activity. Most events had an 3verage of 30
attenclees and some twice that number. Given the accessibility of online seminars, and their
attrattion for members from a much wider ge()graphical and younger audience, we continued
to build on this in 2023.

The events and seminars hosted on Zoom and factrto-fa￿, with active participation by
attendees. were as follows=
January-Farrer& Co- Zoom panel eventwith Waverton and haysmacintyre- a follow up
from their Dec 2021 event focussing on 'The impatt of the Butler Sloss judgment".
Feb- Access Insurance- Zoorn event- Cost-of-living pressures- Reviewing your insurance.
March - CharityJob- Zoom event-"How Fair recruitment can help drive more
candidates".
April- Russell Cooke - Zoom event-"Operating through financial difficulties".
May - Rathbones- Zoom event- ￿hat the uncertain outlook for growth and inflation
means for investrnent retums and how can charfftes ensure their withdrawals balance
current and future needs".
July - CCLA Face to face event- aren't banks 8i¥in8 depositors the benefit of higher
interest rates" accompanied by a Summer Reception.
July - Joe 5axton Hey Hey Joe- Zi)om eVent-"c￿3trng a Great Strategy for your Charity".
September - XLedger Zoom event- -Digital Transformation.. "Finance team5 and
treasurers leading the way to positive change..
October - UBS face to face event-"F055iI fuels: invest or dNest, and a market update".
November- HW Fisher- Zoom event- ￿hat should Honorary T￿aSUrerS be ¢on5iderin8
for 2024V
December - Fism - Zoom event ~Magical m￿eryT0ur.. Exploring the potential link
bel￿een Risl Reserves land The Beatlesl".
The feedback for the events has been very positive despite numbers attending having varied. with
up to up to 20% of members attending some, a high level for on-line events.
As the Chairman notes in his review, our CEO Richard has maintained the new strategies for events
and for attracting new corporate and individual members.
Individu21 membership increased to over 350, each paying the modest annual subscription of £35.
Our mailing list continued to grow, primarily due to the ongoing relevance and interest in the
Honorary Treasurers handbook but also thank5 to the free Treasurer advertisement facility on our
website and the more frequent member and non-member newsletters. We now carry over 30
Treasurer opportunities a month, some of which result in new members joining. The small fee to
Charity recruiters was increased to £50 and has limited take up but still helps us to publicise the
Forurn.
We have collaborated with several other small infrastructure bodies during the year helping to
increase our profile. working together to enhance our irnpart and providing a very cost-effective
way of recruiting new members. The o￿a￿lS3t10ns we are working with inclLJde Reach Volunteerin&
Getting on Board, Embrace. Charterpath and Charity Intelligence.
Durin8 the year, we pro8ressed osjr research toverify the reach and impart of our membership,. this

has Still been slower than hoped due to the limited availability of volunteers and our capacity to
support them. Using the initial research as the basis we can confirm that, at thevery le35t, individual
members support more than 785 charities.
As was the case for many other umbrella charities, 2023 has once again been a challenging year as
we dealt with rising costs and inflation but despite this, we continued the hybrid events prograrnmÈ
and became more digital in our communications. Some of the areas identified in the 2020 digital
strategy report have been implemented with a successful Honorary Treasurers Forum Linkedln
profile that was launched in August. At the end of the year. we had 255 followers and had made 44
posts and reposts. By using the CEO'S well established Linkedln profile with 3.500 connections we
reposted all the posts on the Honorary Treasurers Forum Linkedln page and reposted corporate
member post5 to provide added value for their annLJal subscription. We also repost on several other
Linkedln pages to 8ive us greater reach to over 35.CNJO contscts.
We are very grateful to our main sponsor UBS, who continued to provide important support to the
Forum, to our members and to the large and small charities they support. A highlight in early
summer was an excellent lunch with a select group of member5. followed in October by the annual
UBS investment market update that thisyearfocussed on the conundrum of investing in Fossil fuels.
The Corporate Membership prograrnme has also developed and diversified considerably. By
December 2023. despite two resignations, we were proud to have 30 corporate members who are
featured on our website and who help the Forum to support our members by bringing a wide range
of expertise, knowledge and advice. The event calendar increasingly draws on corporate members.
who all operate in areas of relevance to charty Treasurers and speak knowled8eably on topical
subjetts.
Thanks to the generous support of UBS and the corporate members. the Fomm's WhatsApp
Honorary Treasurers Forum Group continued to grow. reaching ISI members at the end of the
vear. with almost all new members choosing to take part. It continues to be a vibrant. immediate,
and valuable way for members to ask questions, raise challenges, and gain a range of advice and
opinions in a confidential way from fellow prattttioners. A range of topics have been discussed,
reflecting the current concerns about banks, returns on investment and, of course, the perennial
subject of reserves. During the year there has also been a focus on. pay rises. the cost of living,
inflation. volunteer expenses and a whole host of topics, highlighted in the newsletters throughout
2023.
We maintained the size and frequency of our member e-mail new51etter which now goes out every
six weeks- a redacted version without the links to online resources now ￿3£he5 over 1.600
supporters, from whom new members are also drawn.
Trustees and member volunteers have represented the Forum at several events and provide
expertise at seminar5 and round table5.
The Chief Executive and the Trustees are very pleased that our membership growth continues
organically, albeit at a slower pace and that consequently we are still in a good financial position.
De5Plte the economic uncertainties and the limitations of our finite resource the number of
Treasurers and Chairs of Finance Committees contacting us ha5 increased, as has member
engagement. We are optimistic that the future will see an even bigger membership in the coming

ye3rs wf(h enhanced services. invitation lunch events, reputation, and profile.
FUTURE PLANS
Our plan for 2024 sees u5 continue the hybrid programme of physical and virtual events. to maintain
and grow the engagement of members and to increase our campaigning function.. our ambitious
aim is to have a total of 4m members by the end of 2024.
We plan to run up to 11 events includin8 two in-person in July and October. Such face-ttrface
events would be h05ted by our sponsor and a corporate member. In addition, we will offer our
members, lunch and training events in partnership with some of our corporate members.
We aim to continue to improve our digital profile. to grow the WhatsApp group and our Linkedln
profile and to explore the use of other social media. With this in mind, we intend to use online
Surveys to understand our members. needs better. to implement a membership management
system that can be integrated with our accounts software and website. to install a direct debit app
to improve the processing of subscription income. and to manage our website more effectively.
With additional administrative support we will focus on taking forward the more strateEIC
developments including the membership campaigning and more collaboration with like-minded
infrastructure organisations. We will look to source funding to develop the website 2nd continue
to look for sponsorship to help publish a revised. updated and digitally accessible Treasurers,
Handbook. These are ambitious aims. and are very msjch subject to the availability of resources,
both people and financial.
With the finite resources available, three of 2023's objectives have not yet been achieved..
Working with federated charities to encourage membership.
Placing pro bono adverts in settor news media.
Developing relationships wrth foundations and other potential funders to subsidise the first
year of individual members. allowing us to reach out to Treasurers from less advantaged
8roup5 and charities as well as to develop our IT infra5trutture.
We intend to make more progres5 on these areas in the comin8 years and they are included in our
2024 plan.
The focus for 2024 will be on a structured membership camp3ign. The plan is to launch during
2024 and will include..
Continuing to Improve our online digital profile.
Working in partnership with other infrastructure bodies to highlight the Forum.
Working with federated charities to encourage membership.
Asking our corporate members to publicise the Forum to their staff and to clients who
might be. or are interested in becomin& Treasurers or finance trustees.

Asking all members to encoura8e members of their network to consider joining the
Honorary Treasurers Forum.
Placing editorial-type pieces in Linkedln for reposting by trustees and connections.
Continuing to explore placing pro bono adverts in sector news media.
Revisiting developing relationships with foundations and other potential funders to
subsidise the first year of individual members. allowing us to reach out to Treasurers from
less advantaged groups and charities as well as to develop our IT infrastructure.
Continuing to build a sust3inable model for administfative support. using technology, and
relyin8 less on volunteers for CO￿ tasks.
To achieve these objertDies, the Forum needs to maintain the current. more sustainable, funding
mix including membership fees, corporate member income, sponsorship. grant funding and
individual donation5.
MEMBERSHIP OF THE FORUM
The Forum is open to those who currefit￿, in the recent past, or expect in the near future to,
take on the important role of Treasurer in 3 charity-
Anyone wishing to join the Forum should contact us by email at..
info@honorarytreasurers.org.uk.
io

TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity Trustees are responsible for preparing a Trustees, Annual Report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards Iunited
Kingdom Generally Accepted Accounting Prarticel.
The law applicable to charities in England and Wales requires the charty Twstees to prepare
financial statements for each year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources. of the charity for that period.
In preparing the financial statements, the Trustees are required to..
selett suitable accounting policies and then apply them consistent
observe the methods and principles in the applicable Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed. subject to any
material departure5 that must be disclosed and explained in the financial statements
prepare the financial statements on the going concem basis unless it is inappropriate
to presume that the charity will continue in business
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the f inancial statements comply with the Charities Act 2011, the applicable Charities
(Account5 and Reports) Regulations, and the provisions of the Trust deed. They are also
responsible for safeguarding the assets of the charity and taking reasonable steps for the
prevention and detertion of fraud and other irregularities.
The Trustees are ￿sPonSible for the maintenance and integrity of the charity and financial
information included on the chariws website in accordan￿ with legislation in the United
Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees on:
Date- IO" June 2024
and slg
on their behalf by:
ruce Gordon IC
an
li

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEE5 OF THE HONORARY
TREASURERS FORUM
CHARITY REGISTRAMON NUMBER: 1118802
I report to the Trustees on my examination of the accounts of the Honorary Treasurers Forum
for the year ended 31" December 2023 which are set out on pages 13 to 18.
Responsibilrties and basis of ￿POrt
As the charity Trustees, you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Art 20111.the Acff l.
I report in respect of my examination of the Trust's accounts. carried out under section 145 of
the 2011 Att and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 14515llbl of the Act.
Independent examinerfs statement
I have completed my examination. I confTmi that no material rllatters have come to my
attention in connertion with the examrnation whtch gives me cause to believe that in, any
material respett-.
the accounting records were not kept in accordance with section 130 of the Act. or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fairf view which
is not a matter considered as part of an independent examination.
I have no concems and have come across no other Matters in connection with the examination
to which attention should be drawn in this report in orderto enable a proper understanding of
the accounts to be reached.
Signed:
Date:
IO" June 2024
Name..
Simon Mollett
Relevant professional
qualifications..
AC4
Address:
2. Branstone Road.
Richmond,
Surrey. TW9 3L8
12

THE HONORARYTREASURERS FORUM
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED
31" DECEMBER 2023
Unre5trirted
Fund5
Unrestricted
Funds
Total
2023
2023
2022
Note
Incoming resour
Donations
3,250
3,250
9,750
Trading income
24,(K)5
24,005
22,760
Bank Interest receNed
24
24
Total incomin8 resour￿$
Resour￿5 expended
Cost of Generating Funds
Charitable Activities=
27,279
27.279
32,510
6,750
6.750
6,750
Research
Education
18,806
18.806
20,429
Total resources expended
25,556
25,556
27,179
NET INCOMING RESOURCES
1.723
1,723
5,331
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
17.662
17,662
12.330
£19,385
£19,385
£17,662
13

THE HONORARYTREASURERS FORUM
BALANCE SHEET AS AT 31" DECEMBER 2023
2023
2022
Note
Current assets
Debtors
260
120
Cash at bank and in hand
24,658
22,873
Current liabilities
Creditors falling due within one year
15.5331
15,3311
TOTAL NET Asstrs
£19,385
£17,662
The funds of the charity
Unrestricted funds
19,385
17,662
TOTAL CHARITY FUNDS
£19.385
£17,662
Approved by the Trustees on:
Date: IO, June 2024
and si8ned on their behalf by:
ruce Gordon IC
an)
14

ST
NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
l. Accounting policies
The principal accounting policies a￿ summarised below. The accountin8 policie5 have been
applied consistently throughout the year.
{al Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention
with items recognised at cost or transartion value unless otherwise stated in the relevant
notels) to these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in
the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Forum constitutes a public benefit entity a5 defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Forum's ability to
continue as a going cOn￿rn.
Ibl Funds Structure
Unrestricted income funds comprise those funds which the Trustees are free to use
for any purpose in furtherance of the charitable objects.
Restrirted funds are subjected to restrictions on their expenditure imposed by the
donor or through the terms of an appeal. There are no restricted funds.
Icl Income recognition
All income is recognised once the charity has entitlement to the income. it is probable that the
income will be receThied, and the amount of income receivable can be measured reliably.
The following specific policies are applied to particular categories of income=
Income received by way of grants, donations and gifts is included in full in the
Statement of Financial Activities when receivable.
Annual membership income receivable from indniidual and corporate members is
treated as trading income.
Annual memberships re￿iVed in advance are accounted for as deferred income.
Members joining in the final three months of a calendar year receive free membership
benefits until the end of that year and pay in advance for the following year.
Gift aid reclaimable on donations to the charity is included with the amount received.
Donated services and facilities are included at the value to the charity where this can
be quantified, and the amount is material.
The value of services provided by volunteers is not incorporated into these financial
statements. Further details of the contribution made by volunteers can be found in
the Trustees. Annual Report.
15

Idl Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
comrnitting the charity to that expenditure, it is probable that settlement will be required, and
the amount of the obligation can be measured reliab￿. All expenditure is accounted for on an
accruals basis.
lel Irrecoverable VAT
The Forum is not registered for VAT. Ir￿CoVerable VAT is charged against the expenditure
heading for which it was incurred.
If) Allocation of support Costs
Other than the allocation of the CEO'S time to fundraising. support costs relate to the main
charitable activity of education.
Igl Cost of 8eneratin8 funds
The cost of raising funds consists of the CEO'S time in meeting existing and potential donors
and member5.
Ihl Charitable activities
The cost of charitable activities includes CEO time. 8overnance costs and support costs.
2. Taxation
The charity is exempt from direct taxation on its incorne and gains where they are applied
for charitable purposes. No tax charges have arisen.
3. Trading Income
Trading income comprises annual subscriptions recewed from individual and corporate members
2023
2022
Individual members and advertising vacanties
Corporate members
11,305
11,510
12.700
11,250
£24.005
£22.760
16

4. Analysi5 of charitsble expenditure
Research Education
Total
2023
Total
2022
CEO time
4,5(Xl
5,7LKI
4,SiJ)
5,700
4,500
3,114
Administrative support
TV Capital Ltd - donated administrative
SUPPOrt
Bayes (former￿ Cassl Business School-
donated services and facilities
4,OQK)
250
250
250
Catering
UBS donated services and facilities
51XJ
5(M)
500
Support and Governance (note 51
Total
7,856
7,856
£18,806 £18,806
8,065
£20,429
No research activities were undertaken during 2023.
5. Analy515 of sUPPOrt and governance c05ts
General
SUPPOrt
Totsl
Governan
2023
2022
Website
4,115
4,115
4,297
Software Licences
739
739
713
CEO time
2.250
2.250
2.250
Insurance for Trustees
120
120
120
Conference attendance
358
358
478
Member events
42
42
Sundry expenses
232
232
207
Totsl
£ 5,486
£ 2,370
£ 7,856
£ 8.065
6. Remuneration and expenses
There was no fee for Independent Examination in 2023 or 2022.
No remuneration was paid to any of the Trustees during the year. The Forum has no
employees. Expenses of £68912022-. £3461 were incurred by one Trustee, relating to costs
incurred on behalf of the Forum.. of this. £219 remained unpaid at the year-end and is
included in creditors12022'. £3461
17

7. Related party transactions
Having no employees, the Forum recetves support from its Trustees, supporter5 and the
organisations associated with them. The Forum pays RichRob Associate5 Ltd for the services of
Richald Williams whojoined the Forum as CEO in mid-2020. In 2023 RichRob invoiced the Forum
£13,500 for these services12022.. £13,5(X)l of which £3.250 was outstsnding at the end of 2023.
Professor Paul Palmer, a Trustee. is also an employee of Bayes Business School. City, University
of London and remains ￿SocIate Dean of the Centre For Charity Effectivene5S at Bayes. which
has provided adrrinistrative and caterin8 Services in the past. Nothing was paid during the year
under review.12022- Nill.
Support and administrative Se￿iCe5 have historical￿ been provided pro bono by Tharnes Valley
Capital Ltd ITVCI, a cornpany in which the Chairman. Bruce Gordon holds a controlling interest.
During 2022 an external administrator. Roz Bott. took over so that TVC is no longer involved in
administration. (ln 2022 a notional value of £4.OCM) was placed on the services received in that
yearl
Bayes Iformerly Cassl CCE continued to provide a post box service to the Forum at an estimated
value of £250, for which they received an Honorary Corporate membership. UBS. the Forum's
major sponsor. hosted and presented a face-to-faee event at a notional value of £500 in addition
to their donation of £2,500.
8. Debtors
2023
2022
Membership and Corporate Member subscriptions
£260
£120
9. Creditors under l year
2023
2022
New memberships and renewals received in advance
Accounts payable and accruals
1.130
700
4,403
4,631
£5,533
£5,331
18