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2022-09-30-accounts

HISTORICAL ASSOCIATION Annual Report and Accounts 2021/22

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Reference and administrative information ........................................................................ 3 Annual Report of the Council of Trustees .......................................................................... 4 Independent auditor’s report ..........................................................................................15 Balance Sheet............................. ...................................................................................... 19 Statement of financial activities....................................................................................... 20 Statement of cash flows...................................................................................................21 Notes to the financial statements ................................................................................... 22

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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 0BL

Legal & General PO Box 1004 Cardiff CF24 0YS

Auditors

Moore Kingston Smith LLP 6[th] Floor 9 Appold Street London EC2A 2AP

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 Michael Brooks Dr Katharine Burn

Paul Bracey Professor Arthur Burns Helen Crawford Professor Katy Cubitt Mary Feerick Beverley Forrest (term ended May 2022) Dr Peter Hounsell

Richard Kennett Dr Sean Lang Helen Snelson Dr Jason Todd denotes committee chairs

Honorary Vice-President: Professor Sir David Cannadine Associate Vice-Presidents: Dr Mike Maddison and Dr Tim Lomas

Senior leadership team

Rebecca Sullivan, Chief Executive John Andrews, Finance Manager Paula Kitching, Public Engagement & Outreach Manager Melanie Jones, Education Manager Emily Randall, Membership Manager Anne-Marie Stephenson, Marketing Manager

Registered office

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

Charity number: 1120261

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Trustees’ Report for the year ending 30 September 2022

The Council of Trustees present their report and the audited financial statements for the year ended 30 September 2022.

The financial statements have been prepared in accordance with the accounting policies set out on pages 22 to 35 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 HA’s purpose remains much the same today.

The objectives 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 HA 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 2022 to 2025 at the April 2022 meeting of the Governing Council. Dr Michael Maddison led the review for Council. Mike presented the new Strategic Plan to the AGM in May 2022 and subsequently published a brief piece for HA News in September 2022 on the process and decisions made, which was circulated to the full membership. The current plan can be found on the HA website.

Vision: History of all for all

Strategic priorities:

Values:

Our values of integrity and inclusivity mean that we are:

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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.

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 HA 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, beginner and early career teachers, those on parental leave, the retired and the unemployed.

The HA 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 HA supports branches with a small annual subsidy, public liability insurance, web access, publicity and some administrative support. In addition, the HA 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 year began with the ongoing uncertainty of the global Covid-19 pandemic and the possibilities of further lockdowns, and ended with a return to more normal everyday interactions. Nonetheless, 2020 and 2021 have left their mark. The normal working pattern is now around 60% office-based and 40% home-based. Most meetings, as with so many organisations, are now held virtually, and the early morning train to other parts of the country is a rare happening.

Membership continued to grow through the year, although the rate of growth slowed down and began to plateau. At the end of September 2021 membership was 10,778, and by end of September 2022 it stood at 11,272. Primary schools are currently the largest membership category, with 24% of all primary schools having either whole-school membership or their history lead having a personal membership. With just under 4,000 secondary school members, our reach into this sector is over 55%. In the next two years, we will be focusing our energies on creating a strong membership offer for our non-teaching audience.

Engagement with our online resources and through our digital newsletters has been good throughout the past year. The website averages well over a million users each year and resource downloads are buoyant.

The Virtual Branch, begun during the first wave of the pandemic to support those stuck indoors and missing some good history talks, is now a permanent feature and adds to other branch activities.

New courses to support teachers at different stages of their career were launched during the last year, along with a huge range of webinars for both primary and secondary teachers.

In May 2022, we were finally able to hold our long-postponed in-person Annual Conference in Bristol and it was a huge success, with a capacity crowd of just over 400 at the venue and a further 300 people attending virtually as we trialled our first hybrid Conference.

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Our 2022 Conference saw the inaugural Dawson Lecture delivered by Dr Katharine Burn. The Dawson Lectures were named in honour of Ian Dawson to honour and celebrate individuals in school history teaching and history teacher education. The recipient should be known for a distinct contribution to a specific aspect of history education over a significant time period. Katharine discussed why it is important for history teachers to keep developing throughout their career. She considered how teachers can begin to think critically and to ask questions and make connections that will aid their professional development, and how we can remain engaged with research.

The 2023 Conference is also planned as a hybrid and will be held in Harrogate.

In July 2021, the Department for Education 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. We continue to be concerned and to express our concerns that this process has led to several well-regarded courses having accreditation removed, resulting in a lack of provision in many parts of the country at a time of teacher shortage.

Student competitions:

Great Debate

We were pleased to see the Great Debate return this year, with heats held around the country. The final was held at Windsor Castle in March 2022, and the question tied into our celebrations for Her Late Majesty’s Platinum Jubilee. We would like to thank BBC History Extra for supporting the Great Debate. The winner was Kit Renshaw from Penwith College, Cornwall. Runners up were Aniya Pramanik, Grace Johnson and Shruti Chakraborty.

Young Historian

Each year, the Historical Association awards the Young Historian prizes to those students 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.

The 2022 winners were:

Spirit of Normandy Trust – Senior

Harry Woolston, Bexhill Sixth Form College

Local History – Key Stage 3

Christopher Barnett, Queen Elizabeth Grammar School, Wakefield

Spirit of Normandy Trust – Key Stage 3

James Maddison, Queen Elizabeth Grammar School, Wakefield

Local History – Post-14

Jude Battersby, Colchester Royal Grammar School Natasha Moore, Hertford

Spirit of Normandy Trust – Primary

Jonathan Hibbs, Darvell School, Robertsbridge

Modern World Studies – GCSE level

Noor Arif, British International School, Riyadh

World War I

Lana Jeremic, Our Lady’s Abingdon Ethan Martin, The Stephen Perse Foundation

Best School History Magazine St Albans School

Ancient Civilisation – Primary

Muduo Wang, Cothill House School, Oxfordshire

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Write your own historical fiction

After another year of high-quality fiction writing from our young people, the winning entrants were:

School Years 5–6:

School Years 10–13:

School Years 7–9:

Best character:

Publications:

Print publications continue to be a vital part of our operations and our membership offer. The HA 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. Two new editors joined the team during the year, Steve Illingworth and James Sewry. Paula Kitching stepped down from her role on the Board in early 2022.

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 Arthur Chapman, with support from Elizabeth Carr, Jim Carroll, Tony McConnell, 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, Helen Crawford, Karin Doull, Tim Lomas, Kate Rigby, Matthew Sossick and Polly Gillow.

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 Jennie Davy, with editorial support from Dr Dannielle Shaw.

Annual Awards Evening:

We were delighted to present our highest award, the Medlicott Medal for Services to History, to Professor David Olusoga at our Awards Evening in July 2022. Professor Olusoga spoke elegantly and passionately about the way in which history is politicised and how important it is that we are all able to know about and

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understand the diverse history of the societies in which we live. He addressed issues of inclusion, diversity and ensuring that history is used to embrace an understanding of our collective pasts, warts and all, not simply used as a way in which to instil patriotism and idealised views of past societies.

The full film of the lecture is freely available on the HA website.

We were also delighted to award a number of Honorary Fellowships and Teacher Fellowships and to celebrate our Quality Mark Schools and Chartered Teachers of History.

2022 Honorary Fellows:

Achievements and performance

Strategic objective: to advance the enjoyment, study 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, 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:

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, we developed short courses for early career teachers and for senior management with responsibility for history. Just shy of 3,500 CPD places were booked through the year. The Primary and Secondary Committees, along with the education team, are looking at ways in which to encourage and support new voices to deliver CPD. 2022 has seen a few small forays into some face-to-face CPD but, overall, online is more flexible, more affordable and can allow for both more sessions and greater variety.

Quality Mark and Chartered Teacher of History (CTHist):

It was wonderful to see a number of schools go through the Quality Mark assessment during the year, despite the ongoing challenges. We saw 70 schools register and 55 awards were made. Congratulations to all those who successfully achieved Gold or Silver. Congratulations too to our Royal Historical Society Bursary-funded schools, and we are very grateful to the RHS and to the Barry Greaves legacy bursary for allowing a further six schools to take on the QM this year.

A small number of teachers qualified for CTHist and our congratulations to those individuals.

Teacher Fellowships:

The Local History Teacher Fellowship with BALH (The British Association for Local History) residential was held in autumn 2021 and resources will be published in early 2023. The residential for the AHRC-funded ‘People of 1381’, with Reading and Oxford Universities, was held in early 2022, with the online course continuing during the winter and early spring. Teachers on the course submitted their resources in late summer 2022. A further Teacher Fellowship Programme on the hundredth anniversary of the BBC was during the Easter break 2022, with resources submitted in the summer.

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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 .

Strengthening and developing school membership:

The One Big History Department blog site run by members of the Secondary Committee continues to offer a great place for support and acts as a driver to other HA work. The site offers an open-access and accessible route into the many discussions going on in school history departments around the country.

Changes to the website were made over the year to better reflect career stages, with new areas for beginning teachers supported with advice and films for both primary and secondary teachers.

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, continuing to develop regional ‘significant individuals’ resources and practical guides for the corporate subject leader area.

Branches:

Most branches had put together hybrid programmes during the year, with many managing to move back to face-to-face meetings, although some were still facing restrictions or issues with venues. As the 2022/2023 season started, it was good to see that many issues with venues had been resolved. The Branches Committee have been working to develop new approaches for branches hoping to work with local schools. Many branches are keen to attract new and more diverse audiences.

Higher Education:

Work on redeveloping the higher education section of the website continued through the year, although a little more slowly than originally anticipated. During the year, David Ingledew developed an excellent series of filmed case studies to showcase the different ways in which university history departments could develop impactful and meaningful work with both primary and secondary schools. These were published online in late 2022.

It was decided to continue to fund an Early Career Internship to support the journal History . This has been a very successful initiative. We were pleased to welcome Dr Iker Itoiz Ciaurriz as our 2022/2023 History Intern in September 2022, and would like to thank his predecessor Dr Gabby Storey.

Strategic objective: to encourage and support diversity in history

As part of our ongoing work to support a rich and diverse history curriculum of all and for all, we held a meeting in June 2022 where we heard from some of those teaching GCSE history about the opportunities and barriers faced in diversifying their history teaching post-14, and from representatives of the main examination boards on the issues that they face in bringing more diverse histories into the specifications.

The aim of this intense discussion on 29 June was to look at the current situation and explore ways forward for history at GSCE. The notes and next steps from that meeting, along with PowerPoints from a number of those presenting, are available our website.

Those at the meeting concluded that it would be helpful to convene a working group to review existing GCSE criteria. This group must not be unwieldy but does need to keep the conversation open with others. Any such group needs to include representatives from subject associations, higher education, initial teacher education, department leads and senior leadership in schools.

The meeting also concluded that, within existing specifications, the bullet points of indicative content need to be reviewed and refreshed with regularity in order to ensure greater diversity and inclusion. Going forward

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with any change, a conversation is needed with Ofqual. They need a better understanding, and we need to help them. More stakeholders/voices need to be brought into the conversation as it moves into its next phase.

We are committed to continuing this work and to discussing these concerns with a wide range of stakeholders, including policy-makers.

The education team, with members of Primary and Secondary Committees, continue to review published work and CPD programmes to ensure a diversity of content, approaches and contributors.

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. Many branches already have a broad and varied programme, with histories to appeal to a wide audience. The Committee, however, is aware that not every area is well serviced, and there are parts of the UK where branch coverage is thin.

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 in which 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.

In summer 2022, we launched our first trial short course on the history of the Berlin Wall for general members. Registration numbers and feedback were good, giving an excellent springboard to further develop these. A more condensed short course on medieval Jews is planned for early 2023.

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.

2022 Winners:

Ages 5–9 years category:

Winner: The Chessmen Thief by Barbara Henderson, Pokey Hat, Cranachan Publishing Highly commended: The Valley of Lost Secrets by Lesley Parr, Bloomsbury Publishing

Ages 10–13 years category:

Highly commended: Torn Apart by Swapna Haddow, Scholastic

14+ years category:

Winner: We Played With Fire by Catherine Barter, Andersen Press

Highly commended: A Rebel in Auschwitz by Jack Fairweather, Scholastic Focus

Winner: The Swallows’ Flight by Hilary McKay, Macmillan Children’s Books

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

At the end of September 2022, total membership stood at 11,272. The rate of growth that we had seen during 2019–2021 had begun to slow down, leaving more time to concentrate on retention going forward. The

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current cost of living concerns that many people in all walks of life are facing has had some impact, with budgetary concerns cited as a reason to lapse membership. However, by the end of December 2022, membership is still over 11,000.

As we enter 2023, retention is a large part of our membership planning and work, particularly with our primary and secondary school members. A value campaign has been developed to showcase how much the HA offers school members, and this will be launched early in 2023.

Work began in 2022 on researching how the HA can create a better and more robust member package for those not professionally engaged with history, and over the next two years we are working on developing lifelong learning courses for that membership category.

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 has remained fairly stable, 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.

During 2021/2022, the Trustees agreed to invest in higher staffing levels, upping the hours of some of parttime staff and creating a new full-time role for a team administrator.

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 Historical Association is a charitable body incorporated by Royal Charter and is a registered charity (number 1120261). The HA’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 HA, 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 HA 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 HA’s governing documents and good governance policy, along with copies of the HA’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.

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

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

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Risk-management

Council reviewed a detailed analysis of the major risks faced by the HA. 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.

Significant risks were reviewed by Council in October 2022. Plans to mitigate these risks were:

Remuneration policy

The HA reviews salaries, alongside roles and responsibilities, on an annual basis through its Executive Committee. The HA 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 HA is able to access the skills, experience and competencies that it needs 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 HA offers no other financial benefits.

Plans for the future

Significant work is needed on the HA’s offices in Kennington. The HA owns the basement offices on Kennington Park Road but has 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 2021/2022 to ensure that works could be undertaken. Unfortunately, it has taken considerably longer than hoped to get the

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project off the ground. We are now hopeful that work will begin in late 2023 or early 2024, with an expectation of finalising the project by mid-2024. There will be considerable disruption to the day-to-day work of the staff at 59a, but experiences undergone during the pandemic have shown that this can be overcome.

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. With concerns from members about cost of living and inflation, a value campaign has been developed to go in tandem with a retention strategy.

During the summer of 2022, work began on trialling new support for non-teaching members of the HA; this work will continue over the next two years, as new short courses and other online events are developed and reviewed to create a strong and attractive offer to those members.

Financial review

Financial statements for the year are on pages 20 to 35.

The Statement of Financial Activities shows total income of £1,262,007 an increase of £254,542 over the previous year’s figure, and total expenditure of £1,121,196. After including investment losses of £21,280 this gives rise to a net surplus of £119,531 compared to a surplus of £182,967 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 £119,531 ending the year at £1,191,875. The Balance Sheet shows that the use of these funds is similar to earlier years with £1,248,877 held in cash and debtors, (including about £136,000 cash held at branches), £395,152 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 fixed assets or in the hands of branches, should be equivalent to six months of planned expenditure. Based on expected spending of about £1,100,000 in 2022-23 this would imply a General Fund of approximately £500,000. The amount of the General Fund at the year-end was £725,966 [note17], which is forty five 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.

As reported last year, following advice that repairs are needed to the Association’s office building the trustees transferred the amount of £100,000 from the general fund to a new designated fund, set up to cover the expected costs. No expenditure was made from this fund in 2021-22.

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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 and Wales requires the Trustees to prepare financial statements for each financial year that 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 ……25 March 2023…… and signed on its behalf by:

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

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE HISTORICAL ASSOCIATION

Opinion

We have audited the financial statements of Historical Association for the year ended 30 September 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including 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.

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 contained within the annual report. 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.

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 course of 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 themselves. 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.

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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 12, 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.

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

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conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

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.

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

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.

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.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

17

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 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.

Date: 13 April 2023 Moore Kingston Smith LLP Statutory auditor

6th Floor 9 Appold Street London EC2A 2AP

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

18

The Historical Association

(incorporated by Royal Charter)

Balance Sheet

as at 30 September 2022

Notes
£
Fixed assets
Tangible fixed assets
12a
Intangible fixed assets
12b
Investments
13
Current assets
Debtors
14
37,690
Current asset investments (cash at 95 days notice)
88,384
Cash at bank and in hand
1,122,803
1,248,877
Creditors: amounts falling due within one year
15
462,106
Net current assets
Net assets
16
Funds
17
Restricted funds
Unrestricted funds
Total funds		 2022
£
8,331
1,619
395,152
405,103
786,772
1,191,875
20,040
1,171,835
1,191,875		 2021
£
4,690
6,556
416,432
427,678
55,589
87,299
934,107
1,076,995
432,329
644,666
1,072,344
29,760
1,042,584
1,072,344

The notes on pages 22 to 35 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 …25 March 2023…………... and signed on its behalf by:

Michael Brooks Honorary Treasurer

19

The Historical Association (incorporated by Royal Charter)

Statement of Financial Activities

for the year ended 30 September 2022

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
£
1,493
1,211,013
21,000
21,576		 Restricted
Funds
£
-
6,925
-
-		 2022
Total
£
1,493
1,217,938
21,000
21,576		 Unrestricted
Funds
£
6,860
961,461
13,821
18,522
1,000,664
14,402
861,221
875,623		 Restricted
Funds
£
-
6,801
-
-		 2021
Total
£
6,860
968,262
13,821
18,522
1,255,082 6,925 1,262,007 6,801 1,007,465
16,280
1,088,271
1,104,551		 -
16,645		 16,280
1,104,916		 -
11,107		 14,402
872,328
16,645 1,121,196 11,107 886,730
(21,280)
129,251
-
1,042,584
-
1,171,835		 - (21,280) 62,232
187,273
-
855,311
-
1,042,584		 - 62,232
(9,720)
-
29,760		 119,531
-
1,072,344
-		 (4,307)
-
34,066		 182,967
-
889,377
-
20,040 1,191,875 29,760 1,072,344

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 xx to xx form a part of these financial statements.

20

The Historical Association

(incorporated by Royal Charter)

Statement of Cash flows for the year ended 30 September 2022

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		 2022
£
177,815
21,576
(6,807)
(1,375)
(1,085)
12,309
190,124
846,808
87,299
934,107
644,160
478,643
1,122,803		 2021
£
204,276
18,522
(241)
(855)
17,426
221,702
464,707
247,698
712,405
846,808
87,299
934,107

21

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2022

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.

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.4 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.

d) Interest receivable

22

for the year ended 30 September 2022

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

e) Fund accounting

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

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:


follows:
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.

23

for the year ended 30 September 2022

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

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 five branches are included on the basis of receipts and payments for the year ended 30 June 2022 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.

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 2022 were £29,093 (2021 £24,638) 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 acts 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

Income from donations and legacies
Gift Aid
Legacies and Gifts		 2022
2021
£
£
1,493
1,271
0
5,589
1,493
6,860

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.

24

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2022

4. Income from charitable activities

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
2022
£
-
-
-
-
-
-
-
6,925
-
-
6,925		 Unrestricted
funds
2022
£
187,248
78,928
219,203
223,080
27,818
140,374
168,688
47,255
24
118,395
1,211,013		 Total funds
2022
£
187,248
78,928
219,203
223,080
27,818
140,374
168,688
54,180
24
118,395
1,217,938
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
£
-
-
-
-
-
-
-
6,801
-
-
6,801		 Unrestricted
funds
2021
£
157,326
79,354
205,173
164,096
12,949
151,161
66,535
11,204
0
113,663
961,461		 Total funds
2021
£
157,326
79,354
205,173
164,096
12,949
151,161
66,535
18,005
0
113,663
968,262

5. Investment income

Investment income
Income from collective investment schemes
Bank interest		 2022
2021
£
£
16,774
15,316
4,802
3,206
21,576
18,522

25

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2022

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		 2022
£
-
10,975
822
87
495
3,712
63
126
16,280		 2021
£
-
9,982
549
10
131
3,287
98
345
14,402

7. Analysis of expenditure on charitable activities

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


Electronic
publishing
£
Member
services
£
Promoting
history
£
Governance
& Support
£
-
16,463
1,234
131
743
5,568
95
189
24,423
(24,423)
-		 2022
Total
£
307,129
537,783
40,297
4,285
24,264
181,873
3,099
6,186
134,028
93,289
6,990
743
4,209
31,549
537
1,073		 121
27,438
2,056
219
1,238
9,279
158
316		 135,959
93,289
6,990
743
4,209
31,549
538
1,073		 27,425
87,801
6,579
700
3,961
29,694
506
1,010		 -
82,314
6,168
656
3,714
27,838
474
947		 9,596
137,189
10,280
1,093
6,190
46,396
791
1,578		 -
16,463
1,234
131
743
5,568
95
189
272,418
4,152		 40,825
1,954		 274,350
4,152		 157,676
3,908		 122,111
3,663		 213,113
6,594		 24,423
(24,423)		 1,104,916
-
1,104,916
276,570 42,779 278,502 161,584 125,774 219,707

l

Included in the above is the amount of £49,465 (2021 £19,840) which relates to expenditure at branches

26

Staff costs (note 10)
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation
Amortisation
Governance & Support
Direct costs		 Courses and
conferences
£
32,537
84,845
4,670
85
1,113
27,935
836
2,935
Grants and
contracts
£
1,925
24,954
1,374
25
327
8,216
246
863
Publication
of
educational
literature
£
93,675
84,845
4,670
85
1,113
27,935
837
2,935


Electronic
publishing
£
33,426
79,854
4,395
80
1,047
26,292
788
2,763
Member
services
£
-
74,863
4,121
75
982
24,649
739
2,590
Promoting
history
£
5,048
124,772
6,868
125
1,636
41,082
1,231
4,317
Governance
& Support
£
-
14,973
824
15
196
4,930
148
518
21,604
(21,604)
-		 2021 Total
£
166,611
489,106
26,922
490
6,414
161,039
4,825
16,921
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)		 872,328
-
158,629 39,658 219,768 152,102 111,260 190,912 872,328

27

8. Analysis of Governance & Support

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		 2022
£
-
13,681
1,125
594
1,035
1,018
976
2,079
331
252
397
427
252
301
704
325
929
24,423		 2021
£
-
12,102
995
525
915
900
864
1,839
293
223
352
377
223
266
622
287
822
21,604

28

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements

for the year ended 30 September 2022

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		 2022
£
3,166
6,312
1,969
8,000
500
2,740		 2021
£
4,924
22,191
501
8,000
500
2,740

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

Temporary and other staff costs
Social security costs
Pension contributions
Salaries and wages		 2022
£
466,580
48,014
29,093
5,070
548,757		 2021
£
429,653
38,258
24,638
6,539
499,088

One employee earned between £70,000 -£79,000 during the year (2021, £60,000-69,000 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).

Expenses in 2022 and 2021 were paid to the council members for travel expenditure and meetings costs: £1,969 (2021 £ 501)

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 £79,778 (2021: £81,788).

11. Staff numbers

The average monthly headcount was fifteen staff (2021: fourteen) and the average monthly number of full-time equivalent employees ( including casual and part time staff) were as follows:

Publication of educational literature
Promoting History
Governance
Member services
Electronic publishing
Courses & Conferences and contracts		 2022
No.
2.9
1.5
1.1
1.9
3.2
0.9
11.5		 2021
No.
2.9
1.5
1.1
1.9
3.2
0.9
11.5

29

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2022

12a Tangible fixed assets

Tangible fixed assets
COST
Additions in the year
Transfers to intangibles
DEPRECIATION
Charge for the year
Disposals in the year
NET BOOK VALUE
At 1 October 2021
At 30 September 2021
At 1 October 2021
At 30 September 2022
At 30 September 2022
At 30 September 2022		 Computer
database and
photocopier
equipment
£
53,153
6,807
-
59,960
48,822
3,127
-
51,949
8,011
4,331		 Chain of
office
(restricted)
£
780
-
-
780

Total
£
53,933
6,807
-
60,740
421
39
-		 49,243
3,166
-
460 52,409
320
8,331
359 4,690

All tangible fixed assets are used for direct charitable purposes.

12b Intangible fixed assets

Intangible fixed assets
COST
Additions in the year
Transfers in from intangibles
Disposals in the year
Additions in the year
AMORTISATION
Charge for the year
Transfers in from intangibles
Disposals in the year
NET BOOK VALUE
At 30 September 2022
At 1 October 2021
At 30 September 2021
At 1 October 2021
At 30 September 2022
At 30 September 2022		 Website
£
132,228
-
-
-
1,375
133,603
128,551
3,433
-
-
131,984
1,619
3,677		 Database
(Batho fund -
restricted)
£
66,277
-
-
-
66,277
63,398
2,879
-
-
66,277
-
2,879		 Total
£
198,505
-
-
-
1,375
199,880
191,949
6,312
-
-
198,261
1,619
6,556

All intangible fixed assets are used for direct charitable purposes.

30

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2022

13. Investments

2022
2021
MARKET VALUE
£
£
At 1 October
416,432
354,200
-
-
-
-
(21,280)
62,232
395,152
416,432
This is represented by:
£
£
143,690
161,034
174,354
185,481
77,108
69,917
395,152
416,432
261,548
261,548
14.
Debtors
2022
2021
£
£
Trade debtors
21,471
2,148
16,219
50,926
-
2,515
37,690
55,589
15.
Creditors : amounts falling due within one year
2022
2021
£
£
40,405
45,477
10,516
14,931
372,556
347,929
38,629
23,991
462,106
432,328
Taxation and social security costs
Prepayments and accrued income
Other debtors
Trade creditors
Other creditors and accruals
Deferred income (Subscriptions received in advance)
COIF Charities Property Fund
All debtors, except prepayments £6,841 (2021: £31,734) are financial instruments of the charity and
measured at settlement value. Trade debtors are shown net of bad debt provisions of £8,000 (2021: £8000).
Charifund Income Units
COIF Charities Investment Fund
Disposal proceeds
Unrealised (loss) gain for the year
HISTORICAL COST
Realised profit for the year		 2022
£
416,432
-
-
(21,280)		 2021
£
354,200
-
-
62,232
395,152 416,432
£
143,690
174,354
77,108		 £
161,034
185,481
69,917
395,152 416,432
261,548 261,548
2022
£
21,471
16,219
-		 2021
£
2,148
50,926
2,515
37,690 55,589
462,106 432,328

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		 2022
£
347,929
(347,929)
372,556		 2021
£
297,832
(297,832)
347,929
372,556 347,929

31

Notes to the Financial Statements For the year ended 30 September 2022

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

16. Analysis of net assets between funds

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 2021
Net assets at 30 September 2022		 Restricted
funds
£
320
-
-
19,720
-
Unrestricted
funds
(General &
Designated)
£
8,011
1,619
395,152
1,229,157
(462,106)


Total funds
£
8,331
1,619
395,152
1,248,877
(462,106)
20,040 1,171,835 1,191,875
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

32

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2022

17. Movements in funds

Movements in funds
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
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
General fund
Development fund capital
Freakes bequest
Development fund capital
Freakes bequest
General fund		 At 1
October
2021
£

Incoming
resources
(including
losses)
£


Resources
expended
(including
losses)
£		 Transfers
£		 At 30
September
2022
£
6,801
5,775
14,825
2,000
359		 6,925
-
-
-
-		 (13,726)
(2,880)
-
-
(39)		 -
-
-		 -
2,895
14,825
2,000
320
29,760 6,925
6,807
1,375
-
51,102		 (16,645)
(3,127)
(3,433)
-
(49,465)		 - 20,040
4,331
3,677
199,930
100,000
134,672		 -
-		 8,011
1,619
199,930
100,000
136,309
442,610 59,284 (56,025) - 445,869
599,974 1,174,518 (1,048,526) - 725,966
1,042,584 1,233,802 (1,104,551) 1,171,835
1,072,344 1,240,727 (1,121,196) - 1,191,875
At 1
October
2020
£

Incoming
resources
(including
gains)
£
6,801


Resources
expended
(including
losses)
£		 Transfers
£		 At 30
September
2021
£
6,801
16,843
14,825
2,000
398		 -
-
-
-		 (11,068)
-
(39)		 -
-
-		 5,775
14,825
2,000
359
69,138
8,975
9,876
184,805
128,526		 6,801
-
-
25,986		 (11,107)
(4,644)
(6,199)
-
(19,840)		 -
-
15,125
100,000		 29,760
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 (844,540) (115,125) 599,974
855,311 1,062,896 (875,622) - 1,042,584
889,377 1,069,697 (886,729) - 1,072,344

33

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements

For the year ended 30 September 2022

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.. The balance of £2,896 on the Batho Fund I consists of the net book value of the database (£nil note 12b) and £2,896 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 2024-25 financial year

Buiding Repairs

This fund was established during the year to cover the cost of repairs to the charity's offices at 59a Kennington Park Road. The funds should be spent during the nest two years

Branches

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

34

The Historical Association (incorporated by Royal Charter)

(incorporated by Royal Charter)

Notes to the Financial Statements For the year ended 30 September 2022

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		 2022
£
119,530
10,904
(21,576)
21,280
17,899
29,778		 2021
£
182,967
22,191
(18,522)
(62,232)
15,722
64,149
177,815 204,276

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

The president's daughter was employed as a part time finance administrator during the year being paid a salary of £3,056

6

35