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2021-09-30-accounts

HISTORICAL ASSOCIATION Annual Report and Accounts 2020/21

Historical Association Annual Report 2020 - 2021

Reference and administrative information ........................................................................ 2 Annual Report of the Council of Trustees .......................................................................... 3 Independent auditor’s report ...........................................................................................13 Statement of financial activities ...................................................................................... 18 Balance sheet .................................................................................................................. 19 Notes to the financial statements ................................................................................... 21

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Historical Association Annual Report 2020 - 2021

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Investment managers

CCLA Investment Management 80 Cheapside London EC2V 6DZ

Solicitors

Bircham Dyson Bell LLP 50 Broadway London SW1H 6TD

Legal & General PO Box 1004 Cardiff CF24 0YS

Auditors

Moore Kingston Smith LLP Devonshire House 60 Goswell Road London EC1M 7AD

M&G Securities Ltd PO Box 9038 Chelmsford Essex CM99 2X

Council of Trustees

Honorary Officers

President: Deputy President: Honorary Treasurer: Honorary Secretary:

Professor Peter Mandler Dr Alison Kitson (elected May 2021) Michael Brooks (re-elected May 2021) Dr Katharine Burn (elected May 2021)

Paul Bracey Professor Arthur Burns Helen Crawford Professor Katy Cubitt Professor Jackie Eales (term ended June 2020) Mary Feerick Beverley Forrest Dr Peter Hounsell* (Co-opted May 2021)

Richard Kennett Dr Sean Lang Mike Short (term ended May 2021) Helen Snelson Dr Jason Todd

*denotes committee chairs

Honorary Vice-President: Professor Sir David Cannadine Associate Vice-President: Dr Mike Maddison

Senior Leadership Team

Rebecca Sullivan, Chief Executive John Andrews, Finance Manager Melanie Jones, Education Manager Emily Randall, Membership Manager

Registered Office

59a Kennington Park Road London SE11 4JH Email: enquiry@history.org.uk Website: www.history.org.uk

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Historical Association Annual Report 2020 - 2021

Trustees’ Report for the year ending 30 September 2021

The Council of Trustees present their report and the audited financial statements for the year ended 30 September 2021.

The financial statements have been prepared in accordance with the accounting policies set out on pages 17 to 34 and comply with the charity’s governing document, applicable laws and the requirements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland on Accounting and Reporting by Charities: (Charities SORP FRS102) and the Charities Act 2011.

Objectives and activities

The Historical Association is the leading subject association and national charity for history. The HA supports the teaching, learning and enjoyment of history at all levels and brings together people who share an interest in and love for the past. The HA was founded in 1906 by history teachers and academic historians to support history in schools and to share ideas and resources; within just a few years, this had expanded to include all those with a general interest in history. The Association’s purpose remains much the same today.

The objects of the charity are to advance the study and teaching of history.

The HA is an independent charity, largely funded through membership subscriptions and academic publishing. The Association has a small staff and draws upon the expertise, energy and commitment of large numbers of volunteers.

The current strategic plan was agreed by the Governing Council for 2018–21. The strategy is currently under review. Dr Michael Maddison has been leading the review for Council. He presented an overview of the current state of play to Council in October 2021 and gathered views from Council, committees and staff on next steps. These will be discussed and approved by the trustees in early 2022, with a new plan to be published for 2022–25.

Vision: History of all for all

The current strategic priorities are:

Public benefit

The trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Commission, including the guidance Public Benefit: running a charity (PB2).

The HA firmly believes that access to history should be open to everyone; knowledge and understanding of our history and the history of others helps to make sense of the world and contributes to creating a better understanding of society.

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The Historical Association is open to everyone – there are no barriers to membership. It aims to conduct its operations in as cost-effective a way as possible. When considering increases in the cost of membership, the Association is careful to consider the question of access, particularly to those in economically difficult positions, and keeps its concessionary fees as low as possible. These cover students, newly qualified and early career teachers, the retired and the unemployed. Concern about the fragility of the financial future for many schools and individuals led the trustees to freeze membership fees at 2019 prices in 2020–21.

The Association has around 45 branches across the UK run by volunteers. Branches are open to any member of the public to attend historical talks, walks and other events, usually in return for a small fee to cover running costs. The Association supports branches with a small annual subsidy, public liability insurance, web access, publicity and some administrative support. In addition, the Association provides branch officers with a list of speakers: historians who are happy to share their expertise with branch audiences for no fee.

Activities: a brief overview

The disruption caused by the ongoing global pandemic made the year under review hard for many on a personal level, yet it was also highly successful for the charity. Membership continued to grow at an unprecedented rate and increasing numbers took part in various online activities.

After cancelling the live Annual Conference due to be held in Bristol in May 2020, many of the workshops and talks moved to a Virtual Conference held in November 2020. The virtual event proved to be far more successful than anticipated, with an audience of just over 500. However, for the HA office team, trying to develop a conference – possibly live, possibly virtual, possibly hybrid – to be held in May 2021 at the same time was challenging. Nonetheless, a programme was put together and in early 2021, while still in lockdown, the decision was made to make the May 2021 Annual Conference virtual. Once more, the appetite for a virtual conference surprised us with an even larger audience. Running two Annual Conferences in one year was quite an achievement. Moving towards 2022, we are once more looking at a live event but with a strong hybrid offering for those who cannot get to Bristol.

In July 2021, the DfE published a consultation on the proposals for a radical shake-up of initial teacher training, based on the earlier and contentious Market Review of ITT. The proposals raised serious concerns about the impact that changes could have on the quality of history-specific teacher training and mentoring. The HA, working with HTEN (History Teacher Educators Network), published a formal response and encouraged members to respond.

The final of the 2020 Great Debate, having been postponed in March 2020, and again in the summer, was finally held in November 2020 as a virtual event. As always, the quality, range and research of the talks was quite astonishing. Participants were asked to talk to the question ‘Should we judge historical figures by the morals of today?’ The winner was Thomas Locke of Portsmouth Grammar School and the runner-up was James Lester from the Judd School. All the finalists can be seen on the website. The 2022 Great Debate final will be held at Windsor Castle in March 2022, and the question ties into our celebrations for Her Majesty’s Platinum Jubilee. We would like to thank BBC History Extra for supporting the Great Debate.

Each year the Historical Association partners with The Spirit of Normandy Trust to award young historians who have shown excellent knowledge and demonstrated historical argument around a subject associated with a series of themes. The competition is divided into age brackets and the entry at secondary level is by essay judged by a team of independent educators and experts.

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The 2021 Winners were:

Spirit of Normandy Trust Senior

Arthur Broadbent, Queen Elizabeth Grammar School, Wakefield

Spirit of Normandy Trust Key Stage 3 James Maddison, Queen Elizabeth Grammar School, Wakefield

Local History – Key Stage 3 Luke Crowe, Ramsey Grammar School, Isle of Man

Local History – Post-16 Flora Tregear, St Olave’s Grammar School, Orpington

Modern World Studies – GCSE level

Spirit of Normandy Trust Primary Sherwood Primary School, Mitcham

World War One

Georgie Middlemiss, Putney High School Chloe Thomas, Radyr Comprehensive School, Cardiff

Local History – Primary Jessica Williams, St Benedict’s RC Primary School, Ealing

Ollie Lycett, Hampton School, Middlesex Jessica Moore, Mayflower High School, Billericay, Essex Libby Kingston, Truro High School for Girls, Cornwall

John Louis Petit Award Tiffany Igharoro, Sydenham High School

Best School History Magazine St Albans School Oakhill School, Whalley, Lancashire Bolton School: Boys’ Division

The past year saw many changes to our online resources and some restructuring of parts of the website. The A-level topic guides in Student Zone now cover a number of significant popular areas of study. The Higher Education web area has been quietly changing over the year. In spring 2021, a new area was developed in secondary – Beginning Teacher – to support those entering teaching and taking them through the early years. Resources to support primary teachers continue to grow, as does the podcast library.

Print publications continue to be a vital part of our operations and our membership offer. The Association is heavily dependent on volunteers for the writing and editing of its publications.

The Historian

A quarterly magazine of broad historical interest.

The magazine is edited by Jenni Hyde, Trevor James, Nicolas Kinloch, Paula Kitching and Maggie Wilson.

Teaching History

A quarterly journal dealing with issues relevant to history teachers in secondary schools. The journal is edited by Katharine Burn, Christine Counsell, Rachel Foster and Tony McConnell, with support from Elizabeth Carr, Jim Carroll, Nicolas Kinloch and Paula Lobo.

Primary History

A journal published three times per annum with an additional online Summer Resource Special, offering ideas and resources relevant to the teaching of history in primary schools. The journal is edited by Paul Bracey, Damienne Clarke, Linda Cooper, Helen Crawford, Karin Doull, Bev Forrest, Tim Lomas, Kate Rigby, Matthew Sossick and Polly Tucknott.

History

Five editions are published through the year. It contains academic articles and book reviews on a wide range of historical topics. The journal is co-owned by Wiley Publishers. The journal is edited by Dr Becky Taylor, with editorial support from Dr Dannielle Shaw.

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In September 2021, we were finally able to hold an in-person event, where we were happy to present Professor Rana Mitter with the Medlicott Medal for Services to History. We were also delighted to award a number of Honorary Fellowships and Teacher Fellowships and to celebrate our Quality Mark Schools.

2021 Honorary Fellows

Achievements and performance

Strategic objective: to advance the study, enjoyment and teaching of history

Much of our work under this key objective hits the core of our purpose and mission. When developing our current strategic plan – and in discussions about the next three-year plan – the trustees were keen to see this objective as one that would encompass the world of history in school, in university and in the community.

Continuing professional development

The move towards more online CPD options was accelerated by the 2020 pandemic and some face-to-face courses for primary being re-versioned as online courses. The whole CPD programme continues to grow; there is clearly a teacher appetite for a level of CPD delivered in such a way that participants can engage as and when they wish. The programme includes a range of CPD, from free to members’ subject updates to fully developed programmes that run over several weeks. In early 2021, a new CPD programme for subject leaders was very successfully trialled and has made an interesting model for similar programmes. During the year, almost 6,000 teachers attended CPD sessions. The committees and education team are looking at ways to encourage and support new voices to deliver CPD. A number of plans are in the pipeline to support beginning teachers at both primary and secondary to develop career pathways.

Quality Mark and Chartered Teacher of History (CTHist)

After pausing the Quality Mark programme during 2020 and early 2021, it was pleasing to see a number of schools go through the Quality Mark assessment over the summer and autumn of 2021, despite the continuing difficulties that schools were facing. With thanks to the generosity of the Royal Historical Society, five new bursaries were awarded to schools undertaking the Quality Mark during the year ahead. The estate of former history teacher Barrie Greaves kindly donated funding for further bursaries, one of which has also been awarded. Bursaries are available for primary and secondary schools to apply for until the end of March 2022. In total, 59 schools registered for QM during the year and 20 awards were made: ten Gold Awards and ten Silver Awards.

A small number of teachers have applied for the Chartered Teacher of History designation and most applicants have been secondary teachers.

Teacher Fellowships

Having postponed the Local History Teacher Fellowship, delivered in partnership with the British Association for Local History, in 2020, it was good to see the programme up and running, with the residential held in Lincoln in September 2021. The residential for the AHRC-funded ‘People of 1381’, with Reading and Oxford Universities, will finally be held in early 2022. Two further Teacher Fellowships are in development for 2022.

The number of outcomes from previous Teacher Fellowships continues to increase and it is good to see growing numbers of Teacher Fellows presenting at Conference and contributing to Primary History and Teaching History .

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Strengthening and developing school membership

The One Big History Department blog site run by members of the Secondary Committee goes from strength to strength, with around 2,500 visitors each month. The site offers an open-access and accessible route into the many discussions going on in school history departments around the country. The blog site had been revamped with better categorising and tagging.

Primary Committee members have been working with the education and membership teams to develop a range of new resources and webinars to help with retention plans. These include new schemes of work, a new regional ‘significant individuals’ resource and practical guides for the corporate subject leader area.

Branches

Branch Committee members and core staff have been proactive in supporting branch officers through the pandemic. Many branches moved swiftly to virtual meetings and others adopted new technology a little more slowly, but there is a growing confidence and competence in use of online communications. Several found that online lectures proved popular with members, with some reporting larger audiences than they would expect in a real-world situation. Most branches were planning a more hybrid future with some real-world meetings and some virtual ones.

A number of new initiatives, exploring new approaches to networks, links with schools and existing branches, and utilising social media platforms, are in development for roll-out over the next couple of years.

Higher education

Work on redeveloping the Higher Education section of the website has been ongoing through the year, although a little more slowly than originally anticipated. A number of initiatives and the revival of the History Teacher Educators Network have been positive in reinforcing links with higher education colleagues.

It was decided to continue to fund an Early Career Internship to support the journal History . This has been a very successful initiative under the careful guidance of Professor Becky Taylor, Editor-in-Chief of the journal. We were pleased to welcome Dr Gabrielle Storey as our third History Intern in September 2021 and would like to thank Dr Storey’s predecessor Dr Laura Doak. The online blog space for the journal has been a real success.

Strategic objective: to encourage and support diversity in history

In summer 2020, in partnership with the Royal Historical Society, the Institute of Historical Research, Schools History Project and the Runnymede Trust, we established a steering group to review content and approaches in GCSE and A-level history examination specifications and in the history curriculum generally. This was in response to our organisations’ growing concerns that the history curriculum is too narrow in scope and does not reflect a truly diverse and global history. This concern relates to the teaching of both British and nonBritish history in schools.

The Steering Group have been working closely with representatives of the English examination boards to find positive ways forward. In summer 2021, the Steering Group published a mission statement, including a broad definition of their approach to diversity in history and outlining some of the initial steps that they were taking to begin to make some change.

Diversity in history cannot be simply about race and ethnicity, class, gender, sexuality or disability; it is all these and more. It is not about putting one or two women and a person of colour into the story; it is the complex, layered understanding of all human life and experience and how they intersect. It is about telling new stories from many previously obscured positions and challenging insular stories with views from outside. Diversity Mission Statement, 2021

In October 2021, the Survey of History in English Secondary Schools, researched and written by Dr Katharine Burn and Dr Richard Harris, was published. The survey was undertaken during the spring and early summer of 2021. A massive 83% of respondents said that they had made substantial changes to their Key Stage 3 curriculum in recent years to address issues of inclusivity and diversity but fell back on more traditional history at GCSE and A-level. The authors of the English report also worked closely with Dr Joe Smith of Stirling

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University and the Scottish Association of History Teachers to get a picture of what is happening in Scottish secondary schools. We had a very positive response, with 20% of schools responding.

The education team, with members of Primary and Secondary Committees, have been reviewing and auditing published work and CPD programmes to ensure a diversity of content, approaches and contributors. During 2020/21, the education team ran a series of GCSE diversity network seminars. The Primary Committee have also worked with the education team to run a diversity webinar series during the year.

The Branches Committee and branch network generally are conscious that more work is needed to better reflect a more diverse society and bring in more diverse history. Over the past year, many branches have struggled with the disruption caused by the ongoing Covid-19 pandemic. However, they had invited Dr Jason Todd, member of the Secondary Committee and the Diversity Steering Group to talk to branch officers about what diversity means to the HA and explore ways in which they might engage.

Strategic objective: to increase public engagement with history

Supporting the development of new branches has not been easy during the past two years, although the newly founded Leicester Branch seems to have taken off despite Covid restrictions. Working with professional officers, the Branches Committee members have developed systems to monitor the health of the branch network and be able to offer support to branches in trouble.

The Virtual Branch, started in April 2020, has proven to be a successful way to bring in new audiences. Paula Kitching is continuing to run monthly talks freely available to all through the Virtual Branch.

During 2021, we developed more support for Local History Month, and the initial results of a light-touch push in May 2021 suggested that there would be a good opportunity to do more in future years. The Local History Month page on the website saw 1,676 unique visitors during the month and increasing numbers of local groups and local heritage organisations posted their events on our website.

The Quills

The annual award for children’s historical fiction, the Quills, has gone from strength to strength in the past few years and is a growing part of our more outward-looking work. The Quills is unique in current literary prizes for children’s fiction, as it is the children who create the shortlist. Schools in areas of greater need or those who can demonstrate their needs are given preference, and we try not to use the same schools two years in a row, as participating schools receive 15 to 20 books for their libraries. Authors engaged with historical fiction for young people are increasingly engaging with the Quills and with the HA.

The 2020 Quills were severely affected by the global pandemic and disruption to schooling. We would like to thank all those young people and schools who read and reviewed books. Both 2020 and 2021 Quills were awarded in 2021.

2021 Young Quills winners

2020 Young Quills winners

6–9 years category: The Closest Thing to Flying By Gill Lewis, Oxford University Press

10–13 years category: Our Castle by the Sea By Lucy Strange, Chicken House

14 years + category: The Stolen Ones By Vanessa Curtis, Usborne Publishing

6–9 years category: The Siege of Caerlaverock By Barbara Henderson, Pokey Hat

10–13 years category: After the War: from Auschwitz to Ambleside By Tom Palmer, Barrington Stoke

14 years + category: Cane Warriors By Alex Wheatle, Anderson Press

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Strategic objective: to provide a secure and sustainable future for the charity

Membership has been the big story of the past couple of years and school membership has been the main driver, in part encouraged by the 2019 Ofsted Education Inspection Framework. The past year saw a 20% increase in primary membership, with the total standing at 4,565 at the end of September 2021. Secondary also saw a 10% increase over the year, with the total reaching 4,113. Working with the Primary and Secondary Committees, the membership and education teams have been developing robust retention plans to ensure that membership remains strong in the years ahead. These include webinars on how to make the most of membership, member-only subject knowledge webinars and ‘meet the committee’ sessions, alongside other new developments. At the end of September 2021, total membership stood at 10,778, well beyond the target of 8,000 by the end of 2021 in the current strategic plan. As we enter 2022, membership continues to grow.

A full-scale membership survey was undertaken during 2020 to help to identify areas for improvement and inform future development. A full report was published in the September 2021 edition of HA News.

Developing and monitoring the online membership offer in terms of CPD, articles, advice, training films, lesson sequences and support for students is ongoing. Web usage was up by 25% ,with just over one million unique users. Editing and overhauling web resources and structures will be a significant project over the next couple of years.

Work began during the past year on reviewing and developing a strong membership package for individuals not involved in formal education or teaching.

During the year, all staff policies and contracts were reviewed and updated to reflect current best practice and a new Staff Handbook was created. A new EAP (Employees Assistance Programme) was put into place in early 2021 as part of this work.

Having planned to move the internal system to SharePoint in early 2020, this was put off, with so much other disruption to early 2021. In the end, the move was smooth and relatively painless.

Building greater resilience into the branch volunteer network continues to be problematic. Many branches have small committees and are reliant on just one or two key individuals. Working with branch volunteers and working on succession-planning remain areas where much ongoing development will be needed.

Structure, governance and management

Governing document

The Association is a charitable body incorporated by Royal Charter and is a registered charity (number 1120261). The Association’s governing documents are the Charter, incorporating the By-Laws, and the Regulations governing the election and composition of Council and main committees.

Appointment of trustees

Members of the Council of Trustees are recruited from and elected by the membership of the Association, in accordance with the Regulations. Council can also co-opt members if there are any unfilled places.

Election is carried out by postal and online ballot. All full members of the Association are entitled to vote and to stand for election, subject to the legal requirements for trustees of the charity.

On election or appointment, members of Council receive copies of the Association’s governing documents and good governance policy, along with copies of the Association’s strategy document, risk-management policy and minutes of recent meetings. Members of Council are required to register their interests with the Chief Executive.

New members of Council are encouraged to visit the offices and meet the staff. A training and induction away day is held every three years, in line with elections to Council.

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Management

The Governing Council meets twice a year to consider the strategy and policy of the organisation, and is assisted by an Executive Committee, which meets quarterly. The day-to-day management of the charity is delegated to the Chief Executive.

The ordinary work of the Association is carried out by its committees, by the staff at the Kennington office and by the branches. The Executive Committee, chaired by the Association’s President, oversees the management of the Association.

Other committees and working groups are set up from time to time by Council to oversee important parts of the Association’s work. In the past year these were:

Risk-management

Council reviewed a detailed analysis of the major risks faced by the Association. Risks are analysed individually under likelihood of occurrence and severity of impact, and risk ratings are calculated. Systems and procedures are put in place to minimise the risks. The risk-management policy is reviewed annually by the Executive Committee and by Council. Initial assessment of serious risk from the pandemic was that the impact was likely to be limited. A Covid-safe office risk review was undertaken in the summer of 2020, and risk to the Association in light of Covid was reviewed again in 2021.

Significant risks were reviewed by Council in October 2021. Plans to mitigate these risks were:

Remuneration policy

The Association reviews salaries, alongside roles and responsibilities, on an annual basis through its Executive Committee. The Association is committed to a fair and equitable remuneration policy and is committed to the London Living Wage as a minimum for any employee. The aims are:

Senior leadership remuneration

When deciding on suitable and equitable remuneration for the senior leadership team, the Executive Committee ensures that the Association is able to access the skills, experience and competencies that it needs

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in its senior staff and the scope and responsibilities in each position. The Executive Committee takes account of market forces and benchmarks against similar organisations.

In addition to salary, all staff receive a 6% of total salary pension contribution. The Association offers no other financial benefits.

Plans for the future

At some point over the next year, significant work will be needed on the HA’s offices in Kennington. The Association own the basement offices on Kennington Park Road but have not undertaken any serious structural work for many years. During lockdown, as the offices were largely empty, it became ever-more apparent that damp was causing problems and that the heating and lighting were not fit for purpose. A survey of the space was commissioned and confirmed the need to carry out substantial work inside and outside the office space. The trustees agreed a budget in the year 2021–22 to ensure that works could be undertaken. This will cause some upset, but as we are now all quite used to working at home, it should not be a major problem.

Another major project to which funds have been allocated is overhauling the main architecture of the website, reviewing and editing content and reviewing the design and structure. Work has begun on reviewing existing content. This will be a huge project and take up considerable time and resources.

Following rapid membership growth, plans are in place for a more robust retention policy across primary and secondary member areas. The only member area that has not grown over the past two years is general membership. Plans to review and revive the offer for those not professionally engaged with history were put on hold, as rapid growth in other areas and reacting to Covid-19 swallowed all available time and resources. Work on this area has now begun, and some trial resources for life-long learning are in development for summer 2022.

Financial Review

Financial statements for the year are on pages 13 -.

The Statement of Financial Activities shows total income of £1,007,465 an increase of £88,532 over the previous year’s figure, and total expenditure of £886,730. After including investment gains of £62,232 this gives rise to a net surplus of £182,967 compared to a deficit of £37,803 in the previous year.

The general pattern of income & spending remains similar to earlier years. No legacies were received during the year.

After taking into account changes in market value of investments total funds increased by £182,967 ending the year at £1,072,344. The Balance Sheet shows that the use of these funds is similar to earlier years with £1,076,995 held in cash and debtors, (including about £134,000 cash held at branches), £416,432 invested and smaller amounts in the form of tangible and intangible fixed assets.

Fundraising

The charity undertakes fundraising for grants and sponsorship using its own staff and there is no involvement of third-party participators in any fundraising activity. No complaints were received in the year or subsequently in regard to the charity’s fundraising practices.

Investment Policy

The Association invests funds which are not needed for operations in the near future in collective investment schemes to generate income. As shown in note 13 during the year the Association’s investments consisted of units in M&G Charifund, COIF Charities Investment Fund and COIF Property Fund. There were no sales or purchases of investments during the year.

Reserves Policy

Reserves are held to ensure the financial stability and independence of the charity. The Association adopted a policy in 2008 that the General Fund, comprising net assets not restricted or designated and not invested in

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fixed assets or in the hands of branches, should be equivalent to six months of planned expenditure. Based on expected spending of about £968,000 in 2021--22 this would imply a General Fund of approximately £484,000. The amount of the General Fund at the year-end was £599,974 [note17], which is twenty four percent above the minimum amount required by the reserves policy. The trustees have set a deficit budget for the current year with a view to bringing the fund closer to the policy target.

Following advice that repairs are needed to the Association’s office building the trustees have decided to transfer the amount of £100,000 from the general fund to a new designated fund, set up to cover the expected costs. The trustees also decided to transfer approximately £15,000 to the existing designated fund for E-development.

Statement of Council’s Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions in the Royal Charter . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Council on 12 May 2022 and signed on its behalf by:

………………………………………… Katharine Burn, Honorary Secretary

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF HISTORICAL ASSOCIATION

Opinion

We have audited the financial statements of Historical Association for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

14

Historical Association Annual Report 2020 - 2021

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent

15

Historical Association Annual Report 2020 - 2021

permitted by law, we do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Moore Kingston Smith LLP Statutory auditor

Date: 17/05/22

Devonshire House 60 Goswell Road London EC1M 7AD

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

16

The Historical Association (incorporated by Royal Charter)

Statement of Financial Activities

for the year ended 30 September 2021

Notes
Income from
3
4
Advertising and Royalties
Investments
5
Total
Expenditure on
Raising funds
6
Charitable activities
7
Total
13
12 & 17
17
Total funds carried forward
17
Net gain/(loss) on investments
Net income/(expenditure)
Total funds brought forward
Charitable activities
Transfers between funds
Donations and Legacies		 Unrestricted
Funds
£
6,860
961,461
13,821
18,522		 Restricted
Funds
£
-
6,801
-
-		 2021
Total
£
6,860
968,262
13,821
18,522		 Unrestricted
Funds
£
47,058
835,796
13,102
21,816
917,772
14,277
877,989
892,266		 Restricted
Funds
£
-
1,161
-
-		 2020
Total
£
47,058
836,957
13,102
21,816
1,000,664 6,801 1,007,465 1,161 918,933
14,402
861,221
875,623		 -
11,107		 14,402
872,328		 -
26,233		 14,277
904,221
11,107 886,730 26,233 918,498
62,232
187,273
-
855,311
-
1,042,584		 - 62,232 (38,237)
(12,731)
10,000
858,042
855,311		 - (38,237)
(4,307)
-
34,066		 182,967
-
889,377
-		 (25,072)
(10,000)
69,138		 (37,803)
-
927,180
29,760 1,072,344 34,066 889,377

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the financial statements.

The notes on pages 21 to 34 form a part of these financial statements.

The Historical Association

(incorporated by Royal Charter)

Balance Sheet

as at 30 September 2021

Notes
£
Fixed assets
Tangible fixed assets
12a
Intangible fixed assets
12b
Investments
13
Current assets
Debtors
14
55,589
Current asset investments (cash at 95 days notice)
87,299
Cash at bank and in hand
934,107
1,076,995
Creditors: amounts falling due within one year
15
432,329
Net current assets
Net assets
16
Funds
17
Restricted funds
Unrestricted funds
Total funds		 2021
£
4,690
6,556
416,432
427,678
644,666
1,072,344
29,760
1,042,584
1,072,344		 2020
£
9,373
23,823
354,200
387,396
71,311
86,444
712,405
870,160
368,179
501,981
889,377
34,066
855,311
889,377

The notes on pages 20 to 34 form a part of these financial statements.

These accounts have been prepared in accordance with the Financial Reporting Standard 102 (effective 1 Jan 2015)

The financial statements were approved by the Board and authorised for distribution on …12 May 2022……………... and signed on its behalf by:

Michael Brooks Honorary Treasurer

2

The Historical Association

(incorporated by Royal Charter)

Statement of Cash flows

for the year ended 30 September 2021

Notes
Cash generated by operating activities
18
Cash flow from investing activities
Ivestment income
5
Purchases of tangible fixed assets
12A
Purchases of intangible fixed assets
12B
Sale of investments
13
Decrease/ (Increase) in current asset investments
Cash used in investing activities
Increase (decrease) in cash and cash equivalents during the year
Cash in hand at the beginning of the year
Notice deposits (less than three months) at the beginning of the year
Cash and cash equivalents at the beginning of the year
Cash in hand at the end of the year
Notice deposits (less than three months) at the end of the year
Total cash and cash equivalents at the end of the year		 2021
£
204,276
18,522
(241)
(855)
17,426
221,702
464,707
247,698
712,405
846,808
87,299
934,107		 2020
£
120,108
21,816
(6,670)
(3,050)
20,000
533
32,629
152,737
312,134
247,534
559,668
464,707
247,698
712,405

for the year ended 30 September 2021

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

1. Accounting policies

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102 and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS Charities SORP) and Charities Act 2011.

The accounts have been prepared in sterling, which is the functional currency of the charity and rounded to the nearest pound.

b) Preparation of accounts on a going concern basis

The trustees have assessed whether the use of going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. In particular, the trustees have considered the charity's forecasts and projections and have taken account of pressure on income and the impact of the coronavirus pandemic. The charity has significant reserves and based on this the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing financial statements.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. Volunteer time is not included in the financial statements.

Membership and subscriptions income are recognised to match the benefits received by members. The proportion of income which relates to benefits not yet delivered before the year-end is deferred.

Grants are recognised in full in the statement of financial activities in the year in which they are receivable and any conditions attached to the income have been fulfilled.

Income generated from the supply of goods or services is included in the statement of financial activities in the period in which the supply is made net of output VAT.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank or building society.

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided, at their discretion, to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Association's work.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Raising funds

4

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2021

The costs of raising funds consist of the direct costs of raising funds together with an apportionment of staff costs and overheads.

Expenditure on charitable activities includes direct costs, staff costs and other costs associated with the charity's activities.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support costs

Support costs are those functions that assist the work of the charity, but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Association's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.

h)a Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at a rate calculated to write down the cost of each asset to its estimated residual value over its expected useful economic life on a straight line basis. The depreciation rates in use are as follows:

Asset Category

Asset Category Annual rate Computer, office and photocopier equipment 33.3% Chain of office 5%

h)b Intangible fixed assets and amortisation

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at a rate calculated to write down the cost of each asset to its estimated residual value over its expected useful economic life on a straight line basis. The amortisation rates in use are as follows:


as follows:
Asset Category Annual rate
Website 33.3%
Database 16.7%

i) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Accrued income is recognised where the obligation of the third party to pay the Association can be measured or estimated reliably.

j) Cash at Bank and in hand

Cash at bank and cash in hand includes cash and bank and building society accounts with a maturity date of three months or less.

k) Investments

Investments are stated at market value at the balance sheet date. The statement of financial activities includes the realised and unrealised gains and losses arising on disposals and revaluations throughout the year.

l) Branches

Forty three branches are included on the basis of receipts and payments for the year ended 30 June 2021 together with the cash and bank balances at that date.

The general funds held by branches are unrestricted funds of the Historical Association, although there can be practical restrictions on the immediate use of some of these monies.

m) Creditors and provisions

Creditors and provisions are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to the third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

5

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2021

n) Pensions

New and existing employees are automatically enrolled into a money purchase scheme unless they have exercised their right to opt out of scheme membership. The employer's contribution made to the scheme in 2021 were £24,638 (2020: £20,727) with an employer's contribution rate of 6% of pensionable pay. Employees joining the money purchase pension scheme operated by Friends Provident plc contract directly with the insurance company. The Association act as agent in collecting and paying over employee pension contributions.

o) Financial Instruments

The charity has elected to apply the provisions of section 11 'Basic Financial Instruments' of FRS102. Basic financial instruments are recognised initially at transaction price and subsequently at settlement value.

p) Judgements and key sources of estimation uncertainty

In the application of the accounting policies the charity is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities. These are based on historical experience and other factors considered relevant. These are reviewed on an on-going basis and revised where necessary. In particular useful lives of fixed assets are reviewed annually and impaired if relevant. The trustees do not consider any estimates or assumptions to have a significant risk of material adjustment in the next financial year.

2 Legal Status of the Association

The Association is a body incorporated by Royal Charter

3 Income from donations and legacies

Gift Aid
Legacies and Gifts		 2021
2020
£
£
1,271
36,610
5,589
10,447
6,860
47,058

All income from donations in the year were unrestricted.

The Association benefits greatly from the involvement and enthusiastic support of its volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

Income from charitable activities
Membership and branch associate fees
The Historian
Teaching History
Primary History
Online subscriptions
'History' profit share
Courses and conferences
Grants & contracts
Publication of educational literature
Promoting History
Total income from charitable activities		 Restricted
funds
2021
£
-
-
-
-
-
-
-
6,805
-
-
6,805
Restricted
funds		 Unrestricted
funds
2021
£
157,326
79,354
205,173
164,096
12,949
151,161
66,535
11,204
0
113,663
961,461
Unrestricted
funds		 Total funds
2021
£
157,326
79,354
205,173
164,096
12,949
151,161
66,535
18,009
0
113,663
968,266
Total funds

4. Income from charitable activities

6

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2021

tes to the financial statements
heyear ended 30 September 2021
Membership and branch associate fees
The Historian
Teaching History
Primary History
Online subscriptions
'History' profit share
Courses and conferences
Grants & contracts
Publication of educational literature
Promoting History
Total income from charitable activities		 2020
£
-
-
-
-
-
-
-
1,161
-
-
1,161		 2020
£
146,371
76,564
165,013
114,053
14,710
172,359
84,519
7,182
24
55,001
835,796		 2020
£
146,371
76,564
165,013
114,053
14,710
172,359
84,519
8,343
24
55,001
836,957

5. Investment income

Investment income
Income from collective investment schemes
Bank interest		 2021
2020
£
£
15,316
17,286
3,206
4,530
18,522
21,816

7

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2021

6 Raising funds

Direct
Staff costs (note 10)
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation
Amortisation and loss on disposal		 2021
£
-
9,982
549
10
131
3,287
98
345
14,402		 2020
£
-
9,238
591
252
312
3,322
123
439
14,277

7. Analysis of expenditure on charitable activities

Publication
of
Courses and Grants and educational Electronic Member Promoting Governance 2021
conferences contracts literature publishing services history & Support Total
£ £ £ £ £ £ £ £
costs 32,537 1,925 93,675 33,426 - 5,048 - 166,611
Staff costs (note 10) - 84,845 24,954 84,845 79,854 74,863 124,772 14,973 489,106
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation
Amortisation
Governance & Support		 4,670
85
1,113
27,935
836
2,935		 1,374
25
327
8,216
246
863		 4,670
85
1,113
27,935
837
2,935		 4,395
80
1,047
26,292
788
2,763		 4,121
75
982
24,649
739
2,590		 6,868
125
1,636
41,082
1,231
4,317		 824
15
196
4,930
148
518
154,956
3,673		 37,930
1,728		 216,095
3,673		 148,645
3,457		 108,019
3,241		 185,079
5,833		 21,604
(21,604)
158,629 39,658 219,768 152,102 111,260 190,912

Included in the above is the amount of £19,840 (2020 £57,545) which relates to expenditure at branches

Staff costs (note 10)
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation
Amortisation
Governance & Support
Direct costs		 Courses and
conferences
£
Grants and
contracts
£
Publication
of
educational
literature
£


Electronic
publishing
£
Member
services
£
Promoting
history
£
Governance
& Support
£
-
13,857
887
378
468
4,983
184
659
21,416
(21,416)
-		 2020 Total
£
58,788
78,523
5,024
2,143
2,651
28,234
1,044
3,732		 27,156
23,095
1,478
630
780
8,304
307
1,098		 109,282
78,523
5,024
2,143
2,651
28,234
1,045
3,732		 4,733
73,904
4,728
2,017
2,495
26,573
984
3,513		 -
69,285
4,433
1,891
2,339
24,913
922
3,293		 4,700
115,476
7,388
3,152
3,898
41,521
1,537
5,489		 -
13,857
887
378
468
4,983
184
659
204,659
452,663
28,962
12,354
15,282
162,762
6,023
21,516
180,139
3,641		 62,848
1,713		 230,634
3,641		 118,947
3,427		 107,076
3,212		 183,161
5,782		 21,416
(21,416)		 904,221
-
183,780 64,561 234,275 122,374 110,288 188,943 -
904,221
Basis of
Allocation
Direct Costs
Staff costs
staff time
Computer maintenance & website
staff time
Council & Committees
staff time
Marketing, publicity & exhibition
staff time
Depreciation & Loss on disposal of tangible fixed assets
staff time
Amortisation of intangible fixed assets
staff time
Branch activities and expenditure
staff time
Bank charges
staff time
postage
staff time
Utilities and insurance
staff time
Communications costs
staff time
Office cleaning
staff time
Audit
staff time
Membership costs
staff time
Publicity costs
staff time
Other costs
staff time		 2021
£
-
12,102
995
525
915
900
864
1,839
293
223
352
377
223
266
622
287
822
21,604		 2020
£
-
11,996
986
520
907
892
856
1,823
290
221
349
374
221
264
617
285
814
21,416

8. Analysis of Governance & Support

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2021

9. Net incoming resources for the year

This is stated after charging:

Depreciation of Tangible Fixed Assets
Amortisation of Intangible Fixed Assets
Auditors' remuneration:
Current year
Previous year
Non-Audit services
Reimbursement of expenses incurred by members of the Council, committees and working parties		 2021
£
4,924
22,191
501
8,000
500
2,740		 2020
£
6,148
21,955
4,495
8,000
500
2,740

10. Analysis of staff costs and the cost of key management personnel

Social security costs
Pension contributions
Salaries and wages
Temporary and other staff costs		 2021
£
429,653
38,258
24,638
6,539
499,088		 2020
£
396,938
34,185
20,727
10,052
461,902

One employee earned between £60,000 -£69,999 during the year (2020, one). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds The charity trustees were not paid or received any other benefits from employment with the Association (2021: £nil). One trustee received £735 for lecture services from the charity (2020: £nil)

Expenses in 2021 and 2020 were paid to the council members for travel expenditure and meetings costs: £501 (2020 £ 4,095)

The key management personnel of the Association comprise the trustees and the chief executive officer. The total employee benefits of the key management personnel of the Association were £81,788 (2020: £82,783).

11. Staff numbers

The average monthly headcount was fourteen staff (2020: fourteen) and the average monthly number of full-time equivalent employees ( including casual and part time staff) were as follows:

Electronic publishing
Courses & Conferences and contracts
Publication of educational literature
Promoting History
Governance
Member services		 2021
No.
2.9
1.5
1.1
1.9
3.2
0.9
11.5		 2020
No.
2.9
1.5
1.1
1.9
3.2
0.9
11.5

11

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2021

12a Tangible fixed assets

Tangible fixed assets
COST
Additions in the year
Transfers to intangibles
DEPRECIATION
Charge for the year
NET BOOK VALUE
At 1 October 2020
At 30 September 2020
At 1 October 2020
At 30 September 2021
At 30 September 2021
At 30 September 2021		 Computer
database and
photocopier
equipment
£
52,912
241
-
53,153
43,937
4,885
48,822
4,331
8,975		 Chain of
office
(restricted)
£
780
-
-
780

Total
£
53,692
241
-
53,933
382
39		 44,319
4,924
49,243
421
359 4,690
398 9,373

All tangible fixed assets are used for direct charitable purposes.

12b Intangible fixed assets

Intangible fixed assets
COST
AMORTISATION
Charge for the year
NET BOOK VALUE
At 30 September 2021
At 1 October 2020
At 30 September 2020
At 1 October 2020
At 30 September 2021
At 30 September 2021		 Website
£
132,228
132,228
122,352
6,199
128,551
3,677
9,876		 Database
(Batho fund -
restricted)
£
66,277
66,277
52,330
11,068
63,398
2,879
13,947		 Total
£
198,505
198,505
174,682
17,267
191,949
6,556
23,823

All intangible fixed assets are used for direct charitable purposes.

12

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements For the year ended 30 September 2021

13. Investments

MARKET VALUE
At 1 October
This is represented by:
14.
Debtors
Trade debtors
HISTORICAL COST
Realised profit for the year
COIF Charities Investment Fund
Disposal proceeds
Unrealised (loss) gain for the year
Charifund Income Units
COIF Charities Property Fund
Other debtors
Prepayments and accrued income		 2021
£
354,200		 2020
£
412,437
(20,000)
864
(39,101)
-
-
62,232
416,432 354,200
£
161,034
185,481
69,917		 £
126,077
164,177
63,946
416,432 354,200
261,548 261,548
2021
£
2,148
50,926
2,515		 2020
£
7,670
60,617
3,024
55,589 71,311

All debtors, except prepayments £31,734 (2020: £20,766) are financial instruments of the charity and measured at settlement value. Trade debtors are shown net of bad debt provisions of £8,000 (2020: £950).

15. Creditors : amounts falling due within one year

2021 2020
£ £
Trade creditors 45,477 32,130
Other creditors and accruals 14,931 14,825
Deferred income (Subscriptions received in advance) 347,929 297,832
Taxation and social security costs 23,991 23,392

13

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2021

432,328 368,179

All creditors apart from deferred income and taxation and social security, are financial instruments of the charity and measured at settlement value.

Deferred income comprises annual membership subscriptions paid in advance and allocated to match the benefits received by members.

Balance as at 1st October
Amount released to income earned from charitable activities
Amount deferred in the year
Balance at 30 September		 2021
£
297,832
(297,832)
347,929		 2020
£
212,385
(212,385)
297,832
347,929 297,832

16. Analysis of net assets between funds

Tangible fixed assets
Intangible fixed assets
Investments
Current assets
Current liabilities
Tangible fixed assets
Intangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 30 September 2020
Net assets at 30 September 2021		 Restricted
funds
£
359
2,879
-
26,526
-
Unrestricted
funds
(General &
Designated)
£
4,331
3,677
416,432
1,050,469
(432,329)


Total funds
£
4,690
6,556
416,432
1,076,995
(432,329)
29,764 1,042,580 1,072,344
Restricted
funds
£
398
13,947
-
34,847
-
Unrestricted
funds
(General &
Designated)
£
8,975
9,876
354,200
835,313
(368,179)


Total funds
£
9,373
23,823
354,200
870,160
(368,179)
49,192 840,185 889,377

17. Movements in funds

Incoming Resources
At 1 resources expended At 30
October (including (including September
2020 losses) losses) Transfers 2021

14

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2021

Restricted funds
Grant income
Batho Fund (Database fund)
Chain of office
Total restricted funds
Designated funds
Tangible fixed assets
Intangible fixed assets
E Publishing Development
Building repairs
Branches
Total designated funds
Total unrestricted funds
Total funds
Restricted funds
Korean War Contract
Batho Fund (Database fund)
Batho Fund (Durham) II
Chain of office
Total restricted funds
Designated funds
Tangible fixed assets
Intangible fixed assets
E Publishing Development
Branches
Total designated funds
Total unrestricted funds
Total funds
General fund
Development fund capital
Freakes bequest
General fund
Freakes bequest
Development fund capital		 £ £ £ £ £
-
16,843
14,825
2,000
398		 6,801
-
-
-
-		 (11,068)
-
(39)		 -
-
-		 6,801
5,775
14,825
2,000
359
29,760
34,066 6,801
-
-
-
25,986		 (11,107)
(4,644)
(6,199)
-
(19,840)		 -
8,975
9,876
184,805
128,526		 -
15,125
100,000
-		 4,331
3,677
199,930
100,000
134,672
332,182 25,986 (30,683) 115,125 442,610
523,129 1,036,910 (844,940) (115,125)
-		 599,974
855,311 1,062,896 (875,622) 1,042,584
889,377 1,069,697 (886,729) - 1,072,344
At 1
October
2019
£
13,964

Incoming
resources
(including
gains)
£
1,161


Resources
expended
(including
losses)
£
(15,125)		 Transfers
£		 At 30
September
2020
£
27,912
10,000
14,825
2,000
437		 -
-
-
-
-		 (11,068)
-
-
(39)		 (10,000)
-
-
-		 16,843
-
14,825
2,000
398
69,138
8,414
17,713
187,855
127,055		 1,161
-
-
59,036		 (26,233)
561
(10,887)
-
(57,545)		 (10,000)
3,050
(3,050)		 34,066
8,975
9,876
184,805
128,526
341,017 59,036 (67,871) - 332,182
517,025 820,499 (824,395) 10,000 523,129
858,042 879,535 (892,265) 10,000 855,311
927,180 880,696 (918,497) - 889377

15

For the year ended 30 September 2021

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

Purposes of restricted and designated funds

Batho Fund (Database fund)

These funds were a legacy to be used for the benefit of the Durham Branch. The greater part of the fund is being used to improve the Association's database and £10,000 was set aside for other uses and has now been transferred to the general fund following the closure of Durham Branch during the year. The balance of £5,775 on the Batho Fund I consists of the net book value of the database (£2,879 note 12b) and £2,897 cash not yet used.

Development fund capital account and the development fund income account

These funds were generated from donations made to the predecessor organisation in the 1980s with the intention to assist development in the Association's branches and elsewhere.

Freakes bequest

The proceeds from this fund are used to make donations to other suitable bodies.

Chain of office

Funds donated for the purchase of a presidential chain of office.

Fixed assets - tangible and intangible

These funds represent the tangible and intangible assets held to support the charity's work. The assets are replaced on average over periods varying between 3 and 20 years, as set out on Note 1(i) above.

E-publishing development

Representing funds earmarked for development of online and electronic publishing capacity. These funds should be fully spent by the end of the 2022-23 financial year

Branches

Representing the total amount of funds held at the Association's branches.

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Add back depreciation and amortisation charge
Deduct investment income shown in investing activities
Add/Deduct loss/unrealised gain in investment
Decrease (increase) in debtors
Increase (decrease) in creditors
Net cash generated in operating activities		 2021
£
182,967
22,191
(18,522)
(62,232)
15,722
64,149		 2020
£
(37,803)
28,103
(21,816)
38,237
14,953
98,434
120,108
204,276

16

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2021

19. Related party transactions

The charity is the corporate trustee of The Historical Association Property Trust which in 2008 acquired the freehold property at Kennington Park Road, London, previously held by the charity and from which the charity continues to operate. The Historical Association Property Trust holds the property in trust to fulfil the charity's objects by allowing it to continue to operate from the building. The Historical Association Property Trust charges the Association no rent for the occupancy of the building

17