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← The Historical Association

2024-09-30-accounts

HISTORICAL ASSOCIATION Annual Report and Accounts 2023–24

Historical Association Annual Report 2023/2024

Reference and administrative information ........................................................................ 2 Annual Report of the Council of Trustees .......................................................................... 3 Independent auditor’s report ........................................................................................... 15 Statement of financial activities ....................................................................................... 19 Balance sheet ................................................................................................................... 20 Statement of cash flows ................................................................................................... 21 Notes to the financial statements .................................................................................... 22

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Historical Association Annual Report 2023/2024

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 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 Alexandra Walsham Dr Alison Kitson (term ended May 2024) Helen Snelson (elected May 2024–August 2024) Dr Michael Maddison (Sept 2024–) Michael Brooks (term ended May 2024) Richard Walker (elected May 2024) Dr Katharine Burn

Philip Arkinstall Sally Burnham (Wilson) Dr David Clampin Dr Helen Crawford Mary Feerick Ailsa Fidler Lorna Grant Dr Peter Hounsell*

Dr Jenni Hyde Richard Kennett Professor Peter Mandler Dr Elizabeth Matthews Professor Adam Smith*

*denotes Committee Chairs

Honorary Vice-President: Professor Sir David Cannadine Associate Vice-President: Dr Tim Lomas

Senior leadership team

Rebecca Sullivan, Chief Executive Rosemarie Koroma, 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

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Historical Association Annual Report 2023/2024

Trustees’ report for the year ending 30 September 2024

The Council of Trustees present their report and the audited financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out on pages 2123 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 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. The plan was reviewed and evaluated at Governing Council on 26 October 2024.

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 46 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

We were deeply honoured in May 2024 to announce that His Majesty King Charles III had agreed to continue royal patronage of the Historical Association, continuing the support that his late mother Queen Elizabeth II gave to history. This patronage continues our long relationship with the Royal Family, starting with Sir Henry Marten, who was tutor to the Queen on constitutional history in the 1930s. Marten was a founder member of the Historical Association and later our President.

The past year has been a tale of packing cases, moving and clearing up, as in January 2024, work began on the major refurbishment of the office building in Kennington. Staff packed up and moved the office over the Christmas period and we took a small temporary office in Senate House, University of London. We moved back into 59a in summer 2024, and by the autumn the newly refurbished site was coming into its own as we made full use of the expanded meeting space.

Membership numbers dipped during the year under review. At the end of September 2023, membership was 10,426; by the end of September 2024, this stood at 9,630. In the face of the cost-of-living crisis and school budgetary issues, a drop in membership had been anticipated. Primary schools are currently the largest membership category, with 22% of all primary schools either having whole-school membership or their history lead having a personal membership, allowing us to reach around 20,000 primary teachers. Our reach into secondary schools is really quite significant, as over 7,000 teachers have direct access to our member-only resources. Over the past two years, we have begun to focus more resources on creating a strong membership offer for our non-teaching audience, through webinars and virtual short courses.

Engagement with our online resources and through our digital newsletters has been good throughout the past year. The website averages a little under a million users each year and resource downloads are buoyant. There are 100,000 registered website users, who have notched up more than 2.5 million page views and 180,000

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resource downloads. Films have seen close to 19,000 unique plays and recorded talks/podcasts 36,000 unique plays. Engagement has fallen a little since the pandemic, but remains higher than pre-pandemic numbers.

The Virtual Branch, providing open-access online monthly talks, is consistently popular. Short courses and webinar series first launched in 2022 have been highly successful, and this part of our work remains an important development focus.

Courses to support teachers at different stages of their career have done well and the CPD programmes for both primary and secondary teachers continue to be a success.

Conference 2024 was once more a lively and successful event as we enjoyed the Eastside Rooms in Birmingham. Professor Alexandra Walsham opened Conference with a thoughtful and thought-provoking talk on ‘A short history of forgetting in England’s Long Reformation’. The formal proceedings of the first day finished with a panel discussion on the role of the historian as a commentator for events today. It was a reminder of how knowledge of the past can assist all of us, from the young to the decision-makers of today, in formulating plans and thinking about actions such as tackling the climate crisis and social planning.

William Dalrymple gave the Saturday morning keynote, talking about the history of the British East India Company and the influence and impact that it had. It was a fascinating talk that dripped with anecdotes, facts and insight into a commercial exercise that helped to build an empire.

We were delighted to welcome Penelope Harnett, a distinguished figure in history and citizenship education, particularly in primary and in Early Years, who gave the 2024 Dawson Lecture. It was a beautifully evocative exploration of her personal journey through teaching and how memory influences us.

We are very much looking forward to being in Liverpool in 2025 and are beginning to pull the new programme together.

Student competitions

Great Debate

Over the past couple of years, we have put more focus on growing the Great Debate, and in 2023/24 we had 44 heats throughout the UK. For the first time, we needed to hold semi-finals. These were held virtually and 22 young people were taken forward to the final at the Vicar’s Hall, Windsor Castle in March 2024. The question for 2024 was: Which historical place or person from your local area deserves greater recognition? The judges were unanimous that the standard of all the talks was quite outstanding, and they deliberated at length over the winners. Our thanks to the judges, Professor Alexandra Walsham, Professor of Modern History at Cambridge and President of the Historical Association, Professor Jonathan Phillips, Professor of Crusading History at Royal Holloway University of London, and Abdul Mohamud, Co-Director of Justice to History and PhD Fellow at UCL-IoE in Empire, Migration and Belonging. Our thanks to the Education and Events teams from the Vicar’s Hall and Windsor Castle, for enabling us to use such a wonderful and inspirating venue.

Winner: Emma Crow, Broxburn Academy, Broxburn, Scotland

Runners up: Abigail Powers, The Ladies’ College, Guernsey; Erica Wright, William Farr School, Lincolnshire; Rachel McGarry, Shavington Academy, Cheshire

The 2025 Great Debate heats are already underway, with 44 heats hearing students address the question: How can your local history tell a global story?

Talking History: Who is my local history hero?

Following on from the success of the Great Debate for older students, we launched a pilot programme aimed at primary school pupils. The competition heats took place virtually in May and June, with an online final in July 2024. The pilot was much enjoyed by those who participated, and we aim for this to become a regular part of our enrichment and engagement for young people.

Winner: Maisie McGrail, Year 5, St Catherine’s Roman Catholic School

Runners up: Jeremy Okernoe, Year 5, River Mill Primary; Olivia Sorg, Year 6, Bowdon Church School

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Highly commended: Camila Tyrer, Year 6, Childwall Church of England School; Sofia Young, Year 6, Grange Park Primary

Young Historian Award

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 Young Historian Awards are now almost 40 years old – not so very young – and we are looking to how we might further develop this scheme over the next couple of years. Over the past few years, the Awards have been funded by sponsorship from the Spirit of Normandy Trust and fundraising, including grants from the Mid-Trent and Mercia and Nuneaton Historical Association branches. 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.

2024 Spirit of Normandy Trust Awards

Senior

Vivaan Davda of the Cathedral and John Connon School in Mumbai for an extremely incisive study of Montgomery’s North Africa Campaign

Key Stage 3

Joshua Broadbent of Royal Grammar School in Guildford for his analysis of D-Day Primary

Salisbury Cathedral School for a Year 4 class multi-media response to their feelings about D-Day

Best School History Magazine Award

St Albans School

A full list of all winners and highly commended entries can be found on the website. We are excited to announce new plans with Classics for All in 2025.

Write your own historical fiction

Historical fiction can be a great way in which to learn about the past and to explore it. We encourage the reading of historical fiction and promote it with our competition the Young Quills Awards for published authors. We also want to encourage learning through the telling of history using fiction. That is why every year we hold the Young Historical Fiction competition. The competition is an opportunity for children from primary age to mid-teens to demonstrate their knowledge and understanding of history in a creative way. There is even an award for the best character, as well as the overall winners. We are grateful to Tony Bradman, past winner of the Quills, for judging this year’s stories with us.

Primary

Secondary

Characters

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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. Editorial board: Jenni Hyde, Managing Editor; Ian Armour, Natasha Brockman, Rosaline Crone, Tom Hamilton, Steve Illingworth, Nicolas Kinloch, Joe Saunders, James Sewry and Maggie Wilson (stepped down August 2024)

The editorial board saw significant change over the year and is actively recruiting for new members. It was with great sorrow that we said goodbye to Nicolas Kinloch, whose sudden death in April 2024 was a great shock and loss to all.

Teaching History

A quarterly journal dealing with issues relevant to history teachers in secondary schools. Editorial board: Katharine Burn, Elizabeth Carr, Christine Counsell, Arthur Chapman and Mary Woolley, with support from Claire Hollis, Tony McConnell and Paula Worth.

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, Polly Gillow and Ailsa Fidler.

During the year, the board actively recruited for new members.

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.

During the year, the journal editorship was put out to tender after almost 14 years with the University of East Anglia. Following interviews, the HA’s Executive Committee approved the appointment of Dr Daniel Laqua as Editor-in-Chief, with the University of Northumbria. The contract was signed and approved for September 2024.

Our thanks to the outgoing Editor-in-Chief, Dr Jayne Gifford at the University of East Anglia, and to Dr Dannielle Shaw for managing the editorial process. The HA is grateful to UEA for a productive 14-year relationship.

Annual Awards Evening

We were delighted to present the 2024 Medlicott Medal for Services to History to Professor Catherine Hall. While she is not a familiar face on television, Professor Hall has a long-established and highly acclaimed academic career in feminist history and in empire and post-colonial history. She was the principal director of two key and groundbreaking research projects that led to the creation of the Legacies of British Slave Ownership Centre at University College, London.

As President, Professor Alexandra Walsham presented the Medlicott Medal to Professor Hall, who gave a thought-provoking talk on ‘Thinking reparatively about public history’. She addressed some of the issues on the legacies of racism created by the transatlantic slave trade and the narrative of its abolition. She also raised questions about what reparations might be and what forms a sense of justice and understanding could take.

It was a powerful and provocative talk that stayed with us and engendered much discussion. Prior to the main talk, we enjoyed meeting and presenting our 2024 Honorary Fellows. We were also delighted to award a number of Teacher Fellowships and to celebrate our Quality Mark Schools.

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2024 Honorary Fellows

Achievements and performance

Strategic objective: to promote greater public engagement with an understanding of the importance of history

Branches

The HA’s 46 national branches are an important aspect of our outreach and engagement with members of the public who are not otherwise engaged with history. While there have been some setbacks and some difficulties over the year, the branch network is reasonably healthy, with virtually all branches having submitted a full programme for the year ahead. Norfolk and Norwich branch relaunched during the year and the new East Sussex branch had its first meeting. However, volunteer support and succession planning is an ongoing concern, and lack of new volunteers is the most common reason for branches to close.

The speakers list is now annually updated and branch events are better advertised within HA publications, online, through social media and in e-shots. Some branches are working well with local schools, and others have good outreach and links with other local history and heritage organisations. However, much work is still needed to create a more coherent approach.

Short courses and webinars

The series of short courses, which was first introduced in 2022, has gone from strength to strength. During 2023/24, we ran a very successful major short course, ‘New perspectives on the First Crusade: impact and legacies’, with 324 registrations who were largely existing members. We trialled this course as a paid-for one with non-members alongside the free member option. We had some success with the paid for option, but more can be done in future to develop this as a potential income stream. Our thanks to Professor Jonathan Philips, Dr Natasha Hodgson, Dr Andrew Buck and Dr John Simon. During the year, we ran two webinar series – not quite a short course but more in-depth than the virtual branch sessions. The first of these was commemorating the seventh anniversary of the UN Convention on Genocide, followed during the summer by a series that looked at the social, political and design history of the Olympics.

Our Public Engagement and Outreach Manager, Paula Kitching, is developing a significant course to coincide with the 80th anniversary of World War II in 2025, ably helped by Dave Lewzey from our Membership Team.

The Virtual Branch programme continues to be popular and is well attended by members and non-members. Most recently, we have begun to promote hybrid and virtual events run by HA branches.

Local history and Local History Month

Fully supporting Local History Month continues to be a challenge, partly as it clashes with Conference. We are exploring how we can improve this going forward. In other work, supporting local history is seeing some good initiatives; the Great Debate and Talking History competitions in schools are tied to local history questions, and The Historian board have been working on creating better links with the British Association of Local Historians.

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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 economic 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. Schools involved with the Quills are encouraged to develop book groups and inspire reading for pure pleasure. Authors engaged with historical fiction for young people are increasingly engaging with the Quills and with the HA.

2024 winners:

11–13

Young readers (5–8)

Winner: The Most Famous Rhinoceros by Dianne Hofmeyr, illustrated by Simona Mulazzani (OtterBarry Books) Highly commended: Moving the Millers’ Minnie Moore Mansion by David Eggers, illustrated by Julia Sarda (Walker Books)

Intermediate (8–11)

Winner: Code Name Kingfisher by Liz Kessler (Simon & Schuster) Highly commended: Vita the Gladiator by Ally Sherrick (Chicken House)

Winner: Where the River Takes Us by Lesley Parr (Bloomsbury)

Highly commended: The Diary of Sarah Forbes Bonetta by Victoria Princewell (Scholastic)

Young adult (14+)

Winner: The Wolf Girl, the Greeks and the Gods by Tom Holland, illustrated by Jason Cockcroft (Walker)

Highly commended: The Wall Between Us by Dan Smith (Chicken House)

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

Our CPD programmes for both primary and secondary teachers have gone from strength to strength. During the year under review, 2,120 teachers attended one of our 87 CPD events. This comprised 639 primary teachers, 1,120 secondary teachers and a further 361 non-members.

The Subject Leader Development Programme continued to be popular over the year, and network groups developed by participants are showing the strength of the programme and added value for those engaged with it. During the year, the Early Career Programme was refreshed and renamed the Teacher Development Programme, and a programme for experienced classroom teachers was in development. A shorter programme for senior leaders who are not themselves from a history background but are managing history departments was also launched.

Increasingly, at both primary and secondary levels, in online courses and on the website, clear career pathways are available, as are enrichment and development programmes and opportunities for the many history teachers who wish to remain outstanding classroom teachers.

Pupil voice

We continue to focus on ensuring that pupils’ voices can be heard through our work. All those who won their Great Debate heats were invited to submit their talks as written pieces on local history for the website. We aim to use the York University Young Voices project as a template for future work. The Young Voices, Talking History competition and Quills reviews are also opportunities to hear young people on history.

Quality Mark

During the year, 43 awards were given out. Of those, 26 schools gained a Gold Quality Mark and 16 received a

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Silver Quality Mark. There are currently 53 schools enrolled to work towards QM status. Our congratulations to all those who gained their QM during the year.

Teacher Fellowships

In early 2024, a new Teacher Fellowship programme began, funded by the London School of Economics and exploring the economic history of colonialism in Africa and Asia, led by Abdul Mohamud and Robin Whitburn. The programme aims to reframe teaching of the British Empire to go beyond traditional political narratives and consider the influence of economy and society, examining themes of globalisation, migration, global finance and environmental change. Resources are due to be published in summer 2025.

A mini–Teacher Fellowship programme, in partnership with the Wellcome Trust Collaborative Research project Addressing Health: Morbidity and Mortality in the Victorian and Edwardian Post Office , started in April 2024, led by Helen Snelson. The project explored the relationships between work and health in the nineteenth and early twentieth centuries, through the lens of thousands of Post Office employees. Resources will be available in early 2025.

Strengthening and developing school membership

Although we have continued to improve our school and career phase digital offerings, we are moving towards a new digital offer and web platform, which will slow down work on the current platform.

Over the year, Primary Committee members have been working towards new support for primary trainees, tutors and mentors, and have set up a working group to explore membership options for these groups.

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. With over 17,000 visitors and 32,000 views, OBHD is an increasingly important place for teachers to share practice. The site offers an open-access and accessible route into the many discussions going on in school history departments around the country.

Strategic objective: to encourage and support diversity in history

We have continued to ensure that there are a range of resources to support teachers, both primary and secondary, to develop a more diverse and inclusive curriculum. At Conference, there were a range of workshops to develop teacher thinking on the teaching of empire – for example, using a novel to teach the history of the colonialisation of East Africa and another session encouraging a movement away from the ‘triangle’ approach to teaching the origins of empire towards a story of entangled networks. There were also workshops to illustrate the way in which both the primary and the secondary curriculum can be enhanced by the teaching of LGBTQ+ history and the teaching of disability in history. All of these sessions enabled teachers to think about how to ensure that our curriculum acts as both a mirror and a lens. Teacher Fellowships have continued to give opportunities for teachers to look at how to develop their curriculums to be more diverse, as have a wide range of articles in Primary History and Teaching History . There have also been a range of webinars and webinar on-demand series to support teachers, as well as articles on OBHD.

The Primary and Secondary Committees have also continued to work to ensure that history in the classroom is inclusive – for example, the Making History Accessible series, which is an ongoing project to help teachers to think about strategies to support students who struggle with some of the more complex ideas and concepts in history. They are also working to develop materials to support the development of oracy within history lessons.

All committees and editorial boards have striven to openly recruit a broader and more diverse range of volunteers and contributors.

Building on our work with exam boards, academic historians and GCSE teachers, we held a second meeting with stakeholders to review what the next steps might be for GCSE. With a curriculum review on the horizon, following the general election in July 2024, this provided a good opportunity to explore what changes might be needed and areas of full agreement. Overall, stakeholders, including students who were asked for their views

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through our Young Voices project, agreed that the sheer amount of content at GCSE needed to be reviewed to help to balance the histories taught and enable a wider range of students to access and enjoy history.

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

In late 2023, we began work with a brand agency, Gravy, to review the HA’s brand and positioning. Research in the form of desk work and focus work has been ongoing, with a view to revised brand guidelines and new messaging for early 2025. This will be rolled out across the HA’s many initiatives to create a stronger and more unified direction.

In early 2024, we undertook an audit of all digital programmes and practices, with a view to streamlining our work as we bring in a new digital strategy. This was pivotal as we begin work on a new website and learning management system to be fully integrated with our customer relationship management (membership database). Work should begin on this in early 2025, with roll-out towards the end of the year.

We were sad to say farewell to our longstanding Finance Manager, John Andrews, in February 2024. John had worked with the HA for just over 20 years, keeping our finances in good order.

Rosemarie Koroma joined us in early 2023, initially to support the financial administration but with a view to taking on the management on John’s retirement. She was joined by Linda Lobban in early 2024, who has taken on the administrative duties. Between them, our finance systems and filing are now all cloud-hosted and systems have been updated.

The major refurbishment of the office at 59a Kennington Park Road, with new heating, double-glazing and more energy-efficient lighting, should contribute to a more sustainable workplace. Work undertaken to keep damp – endemic in a basement property – at bay has included bare brick, breathable plaster and a new French drain to the rear of the building. The newly enlarged meeting space will allow for more committee meetings to be held in-house, along with some smaller face-to-face events and training days, reducing the need to hire external space.

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 awayday 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.

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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:

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 2024. 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

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Following a review of digital platforms and usage, a full digital strategy will be running alongside the branding review through 2025, with a view to a new website and learning management system for late 2025 or early 2026. Money has been set aside in a designated fund to support this work.

As work on the new platforms moves ahead, there are plans to offer a digital-only membership. A pilot was launched in 2024 for digital-only membership for trainee teachers, and this has seen a marked increase in take-up. Print, paper and postal costs have a significant impact on expenditure.

During the autumn of 2024, the government launched a top-level review of the curriculum in schools, from Early Years to 18. The HA responded to the review and we are expecting a subject-level review in the spring of 2025. It is probable that this will have a significant impact on both education committees and the education team, in terms of time and resources.

During the year ahead, we will be reviewing options and opportunities for the future of the Annual Conference and exploring new income streams.

Financial review

Financial statements for the year are on pages 19-32

The Statement of Financial Activities shows a total income of £1,284,450, an increase of £6,672 in comparison to the previous year’s figure, following reallocation of income received too late to be accounted for in the prior year, and a total expenditure of £1,403,917. After including investment gains of £24,695, this gives rise to a deficit of £94,772, compared to a surplus of £36,873 in the previous year, following reallocation of funds from the journal History . The general pattern of income and spending remains similar to earlier years.

After taking into account changes in the market value of investments, total funds decreased by £48,237, ending the year at £1,133,976. The balance sheet shows that the use of these funds is similar to earlier years, with £776,195 held in cash and debtors (including around £137,000 cash held at branches), £413,724 invested and smaller amounts in the form of tangible and intangible fixed assets. There has been a significant increase in fixed assets following building works on the property at 59a Kennington Park Road, from £21,732 in 2023 to £352,425 in 2024, which reflects the full refurbishment and damp-proofing.

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 HA invests funds that 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 HA’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 HA 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. This was reviewed in October 2024 and the Trustees agreed that the General Fund should be not less than three months’ planned expenditure and no more than six months’. Based on expected spending of about £1,300,000 in 2024/25, this would imply a General Fund of approximately £305,000. The amount of the General Fund at the year-end was £296,071 [note 17], which falls just below the amount required by the reserves policy. The Trustees will keep this under review.

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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 ……23 April 2025………… and signed on its behalf by:

Katharine Burn, Honorary Secretary

14

Historical Association Annual Report 2023/2024

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

Opinion

We have audited the financial statements of the Historical Association for the year ended 30 September 2024, which comprise the Statement of Financial Activities (including the Summary Income and Expenditure Account), 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 that 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 that 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 12 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 that we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

15

Historical Association Annual Report 2023/2024

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 14, 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 intend either 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:

16

Historical Association Annual Report 2023/2024

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:

17

Historical Association Annual Report 2023/2024

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.

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 that 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 the charity’s Trustees as a body, for our audit work, for this report or for the opinion that we have formed. Mage Kigerole Lf

Date: 2 May 2025 9 Appold Street London EC2A 2AP

Andrew Stickland (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

18

The Historical Association

(incorporated by Royal Charter)

Statement of Financial Activities for the year ended 30 September 2024

Notes
Income from
Donations and Legacies
3
Charitable activities
4
Advertising and Royalties
Investments
5
Total
Expenditure on
Raising funds
6
Charitable activities
7
Total
Net gains on investments
13
Net Income/(Expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
16
Total funds carried forward
16		 Unrestricted
Funds
£
22,652
1,179,099
21,607
31,603
1,254,961
20,621
1,353,768
1,374,389
24,695
(94,733)
-
(94,733)
1,208,747
1,114,014		 Restricted
Funds
£
-
29,489
-
-
29,489
-
29,528
29,528
-
(39)
-
(39)
20,001
19,962
2024		 Total
£
22,652
1,208,588
-
21,607
31,603
-
1,284,450
20,621
1,383,296
1,403,917
24,695
(94,772)
-
(94,772)
1,228,748
1,133,976		 Unrestricted
Funds
£
19,525
1,188,138
21,804
34,461
1,263,928
18,290
1,202,604
1,220,894
(6,122)
36,912
-
36,912
1,171,835
1,208,747		 Restricted
Funds
£
-
13,850
-
-
13,850
-
13,889
13,889
-
(39)
-
(39)
20,040
20,001
Restated
2023		 Total
£
19,525
1,201,988
-
21,804
34,461
-
1,277,778
18,290
1,216,493
1,234,783
(6,122)
36,873
-
36,873
1,191,875
1,228,748

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 16 to the financial statements.

The notes on pages 22 to 31 form a part of these financial statements.

19

The Historical Association (incorporated by Royal Charter)

Balance Sheet as at 30 September 2024

Restated
2024 2023
Notes £ £ £
Fixed assets
Tangible fixed assets 12a 352,425 21,732
Intangible fixed assets 12b 1,086 2,144
Investments 13 413,725 389,030
767,236 412,906
Current assets
Debtors 14 23,050 68,029
Current asset investments (cash at 95 days notice) 43,669 91,265
Cash at bank and in hand 709,476 1,099,851
Creditors: amounts falling due within one year 15 776,195
409,455		 1,259,145
443,303
Net current assets 366,740 815,842
Net assets 17 1,133,976 1,228,748
Funds
Restricted funds 16 19,962 20,001
Unrestricted funds 16 1,114,014 1,208,747
Total funds 1,133,976 1,228,748

The notes on pages 22 to 31 form a part of these financial statements.

These financial statements have been prepared in accordance with the provisions of the Financial Reporting Standard 102

23 April 2025 The financial statements were approved by the Board and authorised for distribution on ………………... and signed on its behalf by:

Richard Walker Honorary Treasurer

20

The Historical Association

(incorporated by Royal Charter)

Statement of Cash Flows for year end 30 September 2024

Cash (used in) operating activities
Cash flow from investing activities
Investment income
Purchases of tangible fixed assets
Purchases of intangible fixed assets
Decrease/ (Increase) in current asset investments
Cash (used in) / provided by investing activities
(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 ye
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
Anaysis of Changes in Net Debt
Cash and cash equivalents		 Notes
18
5
12a
12b
ar
01-Oct-23
1,099,851
1,099,851		 2024
£
(128,087)
31,603
(341,486)
-
47,596
(262,287)
390,375
616,695
483,156
1,099,851
1,028,557
461,669
1,490,226
CashFlows
(390,375)
(390,375)		 Restated
2023
£
(35,790)
34,461
(16,943)
(1,801)
(2,881)
12,836
(22,952)
644,160
478,643
1,122,803
616,695
483,156
1,099,851
30-Sep-24
709,476
709,476

21

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

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. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operations existence for the foreseeable future. The charitable company 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.

d) Interest receivable 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.

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) 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 Annual rate
Computer, office and photocopier equipment 33.30%
Building Improvement 5%
Chain of office 5%
Furniture & Fittings 10%

22

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

i) 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:

Asset Category Annual rate
Website 33.30%
Database 16.70%

j) 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.

k) 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.

l) 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.

m) Branches

Forty five branches are included on the basis of receipts and payments for the year ended 30 June 2024 together with the cash and bank balances at that date.

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

n) 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.

o) 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 were £30,916 (2023 : £29,011 ) 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.

p) 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.

q) 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

Legacies and Gifts
Gift Aid		 2024
£
20,375
2,277
22,652		 2023
£
5,273
14,252
19,525

All income from donations and legacies are attributable to unrestricted funds in both the current and preceding year.

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.

23

The Historical Association (incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

4
Income from charitable activities
R
Membership and branch associate fees
The Historian
Teaching History
Primary History
Online subscriptions
'History' profit share
Courses and conferences
Grants & contracts
Promoting History
Total income from charitable activities
R
Membership and branch associate fees
The Historian
Teaching History
Primary History
Online subscriptions
'History' profit share
(see note 16a.)
Courses and conferences
Grants & contracts
Publication of educational literature
Promoting History
Total income from charitable activities
5
Investment income
Income from collective investment schemes
Bank interest
Total Investment Income		 estricted funds
2024
£
-
-
-
-
-
-
-
29,489
-
29,489
estricted funds
2023
£
-
-
-
-
-
-
-
13,850
-
-
13,850		 Unrestricted funds
2024
£
203,666
85,976
224,806
258,655
34,623
102,127
201,354
-
67,890
1,179,099
Unrestricted funds
2023
£
190,487
76,477
249,332
206,238
33,938
143,990
187,416
-
-
100,260
1,188,138
2024
£
17,663
13,941
31,603		 Total funds
2024
£
203,666
85,976
224,806
258,655
34,623
102,127
201,354
29,489
67,890
1,208,588
Restated
Total funds
2023
£
190,487
76,477
249,332
206,238
33,938
143,990
187,416
13,850
-
100,260
1,201,988
2023
£
17,389
17,072
34,461

Investment income is attributable to unrestricted funds in both the current and preceding year.

24

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

6 Raising funds

Staff costs (note 10)
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation and loss on disposal
Amortisation and loss on disposal
Expenditure incurred on raising funds are fully attributable to unrestricted funds.		 2024
£
13,670
755
356
994
4,610
215
21
20,621		 2023
£
12,219
973
168
592
4,241
71
26
18,290

7. Analysis of expenditure on charitable activities

==> picture [470 x 176] intentionally omitted <==

----- Start of picture text -----
Publication of Governance &
Courses and Grants and educational Electronic Member Promoting Support costs 2024
conferences contracts literature publishing services history ( note 8) Total
£ £ £ £ £ £ £ £
Direct costs 152763 20811 164821 22212 0 12243 0 372850
Staff costs (note 10) 116197 34176 116197 109373 102526 170876 20497 669842
Computer maintenance & website 6418 1888 6418 6041 5663 9437 1132 36997
Council & committees 3026 889 3026 2843 2669 4448 534 17435
Marketing, publicity & exhibition 8445 2484 8445 7948 7451 12419 1490 48682
Other operating charges 39184 11524 39184 36882 34573 57622 6912 225881
Depreciation 1830 538 1830 1723 1615 2692 323 10551
Amortisation 184 54 184 172 162 270 32 1058
328047 72364 340105 187194 154659 270007 30920 1383296
Governance & Support (note 8) 5256 2474 5256 4947 4638 8348 -30920 0
333304 74838 345361 192141 159297 278355 0 1383296
----- End of picture text -----

Included in the above is the amount of £72,551 (2023 £60,846) which relates to expenditure at branches

Total expenditure on charitable activities comprises of £1,353,768 attributable to unrestricted funds (2023 :£1,202,604) and £29,528 attributable to restricted funds (2023: £13,889) .

Comparative information: Analysis of expenditure on charitable activities year ended 30 September 2023

Staff costs (note 10)
Computer maintenance & website
Council & committees
Marketing, publicity & exhibition
Other operating charges
Depreciation
Amortisation
Governance & Support
Direct costs		 Courses and
conferences
£
154,143
103,858
8,267
1,425
5,031
36,047
602
217

Grants and
contracts

£
1,053
30,546
2,431
419
1,480
10,602
177
64

Publication of
educational
literature

£
132,809
103,858
8,267
1,425
5,031
36,047
602
217


Electronic
publishing
Member
services

£
£
20,883
-
97,749
91,639
7,780
7,294
1,341
1,257
4,735
4,439
33,926
31,806
567
531
204
191


Electronic
publishing
Member
services

£
£
20,883
-
97,749
91,639
7,780
7,294
1,341
1,257
4,735
4,439
33,926
31,806
567
531
204
191

Promoting
history

£
11,504
152,732
12,157
2,095
7,399
53,010
886
319
Governance &
Support

£
-
18,328
1,459
251
888
6,361
106
38
27,431
(27,431)
-		 2023
Total
£
320,392
598,710
47,655
8,213
29,003
207,799
3,471
1,250
1,216,493
-
1,216,492
309,590
4,663		 46,772
2,194		 288,256
4,663		 167,185
4,389		 137,157
4,115		 240,102
7,406
314,253 48,966 292,919 171,574 141,272 247,508

25

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

8. Analysis of Governance & Support

Basis of
Allocation
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
Support		 2024
£
20,497
1,132
534
1,490
323
32
2,608
415
316
498
535
316
378
882
408
557
30,920		 2023
£
18,328
1,459
251
888
106
38
2,335
372
283
446
479
283
338
790
365
922
27,683

26

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

9. Net Income / (Expenditure) for the year

This is stated after charging:

Depreciation of Tangible Fixed Assets
Amortisation of Intangible Fixed Assets
Auditors' remuneration:
Current year
Previous year
Reimbursement of expenses incurred by members of the Council, committees and working parties
Analysis of staff costs and the cost of key management personnel
Salaries and wages
Social security costs
Pension contributions
Temporary and other staff costs		 2024
£
10,766
1,058
7,248
13,850
8,000
2024
£
567,737
54,476
30,916
30,383
683,512		 2023
£
3,542
1,276
3,391
13,000
7,000
-
2023
£
526,864
40,974
29,011
14,081
610,930

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

One employee earned between £80,000-90,000 during the year (2023: 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 (2024: £nil). No trustee received payment for professional or other service supplied by the charity (2024: £nil)

Expenses in 2023 and 2024 were paid to all of the council members for travel expenditure and meetings costs: £7,248 (2023: £3,391)

The key management personnel of the Association comprise the trusteesand the chief executive officer. The total employee benefits of the key management personnel of the Association were £100,658 (2023: £91,085), including pension contributions of £5,106 (2023: £Nil).

11. Staff numbers

The average monthly headcount was sixteen staff (2023: fifteen) and the average monthly number of full-time equivalent employees ( including casual and part time staff) were as follows:

Courses & Conferences and contracts
Publication of educational literature
Electronic publishing
Member services
Promoting History
Governance		 2024
No.
3.2
1.5
2.0
2.4
3.5
0.9
13.5		 2023
No.
2.9
1.5
1.1
1.9
3.2
0.9
11.5

27

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

12a Tangible fixed assets

12a
Tangible fixed assets
COST
Additions in the year
Disposals in the year
DEPRECIATION
Charge for the year
Disposals in the year
NET BOOK VALUE
12b
Intangible fixed assets
COST
AMORTISATION
Charge for the year
13.
Investments
MARKET VALUE
At 1 October
This is represented by:
At 1 October 2023
At 30 September 2024
HISTORICAL COST
Unrealised gain / (losses) for the year
Charifund Income Units
COIF Charities Investment Fund
COIF Charities Property Fund
At 1 October 2023
NET BOOK VALUE
At 30 September 2023
At 30 September 2024
All tangible fixed assets are used for direct charitable pur
At 30 September 2024
At 1 October 2023
At 30 September 2024
At 30 September 2024
At 30 September 2023
All tangible fixed assets are used for direct charitable pur
At 1 October 2023
At 30 September 2024		 Furniture &
Fittings
£
-
48,055
48,055
-
1,602
-
1,602
46,453
-
poses.
poses.		 Computer
database &
equipment
£
62,367
8,405
(43,575)
27,197
55,452
4,375
(43,548)
16,279
10,918
6,915		 Office
Improvement
£
14,536
285,026
-
299,562
-
4,750
-
4,750
294,812
14,536
Website
£
135,404
135,404
133,260
1,058
134,318
1,086
2,144		 Chain of office
(restricted)
£
780
-
-
780
499
39
-
538
242
281
Database (Batho
fund -restricted)
£
66,277
66,277
66,277
-
66,277
-
-
2024
£
389,030
24,695
413,725
2024
£
159,070
193,761
60,894
413,725
261,548		 Total
£
77,683
341,486
(43,575)
375,594
55,951
10,766
(43,548)
23,169
352,425
21,732
Total
£
201,681
201,681
199,537
1,058
200,595
1,086
2,144
2023
£
395,152
(6,122)
389,030
2023
£
149,884
176,687
62,459
389,030
261,548

12b Intangible fixed assets

28

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

14.
Debtors
Trade debtors
15.
Creditors : amounts falling due within one year
15a,
Deferred Income
Balance as at 1st October
Amount released to income earned from charitable activities
Amount deferred in the year
Balance at 30 September
Deferred income (Subscriptions received in advance) (note 15a)
Taxation and social security costs
All creditors apart from deferred income and taxation and social security, are financial instruments of the charity and measured a
Prepayments and accrued income (note 16a.)
Other debtors
Trade creditors
Other creditors and accruals		 2024
£
16,047
6,153
850
23,050
2024
£
21,699
79,120
274,437
34,199
409,455
2024
£
357,490
(357,490)
274,437
274,437
t settlement value.		 Restated
2023
£
7,856
60,173
-
68,029
2023
£
50,348
16,022
357,490
19,443
443,303
2023
£
372,556
(372,556)
357,490
357,490

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

16. Movements in funds for year ended 30 September 2024

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
Development fund capital
Freakes bequest
General funds		 Restated
At 1 October
2023
£
-
2,895
14,825
2,000
281
20,001
43,985
2,144
199,930
412,930
137,730
796,719
412,028
1,208,747
1,228,748		 Incoming
resources
£
29,489
-
-
-
-
29,489
-
-
-
-
71,419
71,419
1,183,542
1,254,961
1,284,450		 Resources
expended
£
(29,489)
-
-
-
(39)
(29,528)
(10,727)
(1,058)
-
-
(72,552)
(84,337)
(1,290,051)
(1,374,388)
(1,403,916)		 Gains/ (loss) &
Transfers
£
-
-
-
-
-
-
319,167
-
-
(285,026)
-
34,141
(9,446)
24,695
24,695		 At 30
September
2024
£
-
2,895
14,825
2,000
242
19,962
352,425
1,086
199,930
127,904
136,597
817,942
296,073
1,114,015
1,133,977

29

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

Comparative Information: Movements in funds for year ended 30 September 2023

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
Development fund capital
Freakes bequest
General fund		 At 1 October
2022
£
-
2,895
14,825
2,000
320
20,040
8,011
1,619
199,930
100,000
136,309
445,869
725,966
1,171,835
1,191,875		 Incoming
resources
£
13,850
-
-
-
-
13,850
2,407
1,801
-
-
62,265
66,473
1,191,333
1,257,806
1,271,656		 Resources
expended
£
(13,850)
-
-
-
(39)
(13,889)
(3,503)
(1,276)
-
-
(60,844)
(65,623)
(1,155,271)
(1,220,894)
(1,234,783)
RESTATED		 Gains / (loss) &
Transfers
£
-
-
-
-
-
-
37,070
-
-
312,930
-
350,000
(350,000)
-
-		 At 30
September
2023
£
-
2,895
14,825
2,000
281
20,001
43,985
2,144
199,930
412,930
137,730
796,719
412,028
1,208,747
1,228,748

Purposes of restricted and designated funds

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

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 50 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

Building Repairs

This fund was established during 2021-22 to cover the cost of repairs to the charity's office at 59a Kennington Park Road . Work has been undertaken during the year and £285,026 has been trasferred to Fixed assets.

Branches

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

16a. Prior Year Adjustments - Income Recognition of History Profit Share

The financial statements for 2022-23 have been restated to incorporate £ 38,486 profit share from Wiley for quarter 4 of 2022 . Summary of the impact is as follows :

£

Increase in Accrued Income (note 14) 38,486 Increase in 'History' Profit Share (note 4) 38,486

The change has resulted in a revised surplus of £36,873 for the year ended 30th September 2023 and an increase prior year General Unrestricted Funds by £38, 486.

30

The Historical Association

(incorporated by Royal Charter)

Notes to the financial statements for the year ended 30 September 2024

17. 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
Reconciliation of net movement in funds to net cash flow from operating activities
Net movement in funds
Add back depreciation and amortisation charge and loss in Fixed assets disposal
Deduct investment income shown in investing activities
Deduct unrealised gain on investment
Decrease/ (increase) in debtors
(Decrease) in creditors
Net cash (used in) operating activities
Net assets at 30 September 2024
Net assets at 30 September 2023		 Restricted
funds
£
242
-
-
19,720
19,962
Restricted
funds
£
281
-
-
19,720
-
20,001		 Unrestricted funds
(General &
Designated)
£
352,183
1,086
413,724
756,475
(409,455)
1,114,013
Unrestricted funds
(General &
Designated)
£
21,451
2,144
389,030
1,239,425
(443,303)
1,208,747
2024
£
(94,772)
11,853
(31,603)
(24,695)
44,979
(33,848)
(128,087)		 2024 Total
funds
£
352,425
1,086
413,724
776,195
(409,455)
1,133,975
Restated
2023 Total
funds
£
21,732
2,144
389,030
1,259,145
(443,303)
1,228,748
Restated
2023
£
36,873
4,818
(34,461)
6,122
(30,339)
(18,803)
(35,790)

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

19. Related party transaction

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 fulfill 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

31