COMPANY REGISTRATION NUMBER: 07635486 CHARITY REGISTRATION NUMBER: 1144296 INSIUK Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
INSIUK Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Notes to the financial statements 11
INSIUK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present Iheir report and the unaudited financial ststements of the charity for the year ended 31 March 2025. Reference and administrative details Reglstered charlty name INSIUK Charity registration number 1144296 Company registration number 07635486 Principal office and registered Thomson Reuters office 5 Canada Square Floor 8 London E14 5AQ The trustees Antonio Zappulla Caroline Drees Cilla Benko Deborah Rayner Elizabeth Spiller Jan Thompson Jonathan Williams Mark Grant Michael Herrod Neil Ashlon Paul Danahar Richard Tait Robin Elias Salim Amin Timothy Singleton Simon Gardner Francesca Unsworth Giles Hunt Phil Chetwynd (Resigned 4 June 2024) (Resigned 12 September 20241 (Resigned 17 April 20241 {Appointed 17 April 20241 {Appointed 12 September 2024) (Appointed 4 June 20251 Independent examiner Joseph Robinson FCCA Robinsons Consulting Limited Chartered Certrfied Accountants 5 Undemood Street London N17LY
INSIUK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontInu) Year ended 31 March 2025 Structure, governance and management The charity is a company limited by guarantee governed by the Articles of Association dated 16 May 2011 as amended on 28 September 2011 and 30 October 2013. The Charity's governing document is its Articles of Association which defines the Charily s objectives and sels out the role of the Board of INSIUK to ensure that these objectives are achieved by INSIUK'S staff. supervise its management and finances and more generally work to promole the cause of journalist safely. None of the trustees has any beneficial interest in the Charity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity. INSIUK will recruit by either identifying individuals known to Ihem or by giving due consideration to nominalions and recommendalions. Once identified as a polenlial Trustee, the candidate will be invited to an inlerview which will be conducted by one or more of the existing Trustees lo identify the applicant's suitability lo act as a Trustee for the Charily. Details of the interview will be submitted lo all existing Trustees who should unanimously agree upon the appointment of an applicant in order for it to proceed. The successful applicant will be given a detailed explanation of the Charity's aims and objectives which they will be required to accept and support in addib'on to the tenets of faith which are fundamental to the Charity. Should the applicant acp1 the above, their appointment will be confirmed in writing and the necessary searches made of Companies House will take place lo ensure their suitability which will then be followed by the completion of appropriate legal documentation for their registration. INSIUK has slaff to manage its day to day administralive requirements in the UK. The slaff report regularly lo the Trustees and interface with the accountancy firm and lawyers appointed to act on INSIUK'S behalf. The Trustees will meet periodically to ensure that the aims and objectives of the charity are being fulfilled. To do this, a formal Agenda will be prepared by the Chairman who will receive submissions in advance by any Trustee wishing to place items on the Agenda. Meeting dates will be agreed upon and the Agenda distributed in advance. Notes will be kept of the discussions and distributed in a timely manner to Trustees for them to review before they are formally ratified. In some cases a meeting might be by conference call rather than a physical gathering depending on the availability of Trustees. Risk management The trustees have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place to manage exposure lo Ihe major risks.
INSIUK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontInu) Year ended 31 March 2025 Objectlves and actlvltles The charity's objectives are to advance health, promote safety and save lives of news and media workers, often working in dangerous and potentially high risk situations worldwide such as natural disasters and war. In furtherance of this objective, the charity's main activities are to provide financial assistance, training, support and practical advice-, to provide organisational and financial support for activities such as conferences, workshops and symposia around the world on topics in news safely for news media workers,. to engage with employers to collaborate in providing financial support for news safety training- and to formulate and promote news safety best practices for training, equipment and field work. Public benefit The charity's main activities undertaken to further its purposes are for the public benefit the protection of journalists from physical and psychological harm to allow them to report freely is a key factor in ensuring and promoting Freedom of Expression an important public right as defined in Article 11 of the European Convention on Human Rights. The trustees have given regard lo the Charity Commission's guidance on public benefit. The trustees have considered this matter and concluded.. Thal the aims of the organisalion continue to be charilable- That the aims and the work done give identifiable benefits to the charilable sector and both indirectly and directly to individuals in need., That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and Thal there is no detriment or harm arising from the aims or activities. Achievements and performance In the last year, INSIUK has continued lo hold the majority of its regular meetings on joumalists, safety online, rather than in person, for its members in the news media. The charity has organised webinars and Q&A sessions, facilitated confidential information exchanges about a variety of global events and published safety advisories to address key areas of concem for news organisations. Our members tell us they find these meetings extremely valuable for keeping their journalists safe, sharing good practices and providing networking opportunities. This has been particularly true Ihroughout the war in Ukraine and conflict in Ihe Middle East, which continued to dominate INSIUK members, activities the past year. From the onset, INSIUK organised regular Zoom meetings to huge attendance and participation, had an extremely active confidential email chain with hundreds of safety exchanges, and worked tirelessly to share high-level advice and feedback from members on the ground. Financial review The charity was financed predominantly by donations from UK and international media organisations. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be mainlained at a level equivalent to around one year of expenditure. The unrestricled funds of the charity as at 31 March 2025 amounted to £340,777 {2024 . £284,851). The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.
INSIUK Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontInu) Year ended 31 March 2025 Plans for future perlods Throughout the coming year it will be the charity's intention to ensure it expands ils provision of services globally. Furthermore the Trustees will pay careful consideration to both existing and new projects in the news safety field that could possibly be assisted with funds from the charity and that fall within the aims and objectives of the Charity. Small company provisions This report has been prepared in accordan the small companies exemption. ions applicable lo companies entitled to 18mI2025at 3..29..03 PII UT¢ The trustees, annual report was approved on trustees by.. and signed on behalf of the board of SIGNED SECLIRELY 1810912025 at 3..29..DJ Pkl VTC Giles Hunt Trustee
INSIUK Company Limited by Guarantee Independent Examinerfs Report to the Trustees of INSIUK Year ended 31 March 2025 I report lo the trustees on my examination of the financial statements of INSIUK {'the charity'l for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the company land also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance wilh the requirements of the Companies Act 20061'lhe 2006 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Gharity's accounts as carried out under section 145 of Ihe Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515){bl of the 2011 Acl. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake Ihe examinalion because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respecl of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination.. or the financial stalements have nol been prepared in accordance with the methods and principles of the Slatemenl of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102).
INSIUK Company Limited by Guarantee Independent Examinerfs Report to the Trustees of INSIUK (eontInu) Year ended 31 March 2025 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Joseph Robinson FCCA Robinsons Consulting Limited Chartered Certified Accountants Independent Examiner 5 Underwood Street London N17LY
INSIUK Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legaciés Investment income Other income 259,454 4,509 1,800 259,454 4,509 1,800 232,201 2,329 1,000 Total Income 265,763 265,763 235,530 Expenditure Expenditure on charitable activities Total expenditure 209,837 209,837 230,848 209,837 209,837 230.848 Net Income and net movement In funds 55,926 55,926 4,682 Reconciliation of funds Total funds brought forward Total funds carried forward 284.851 284,851 280.169 340,777 340,777 284,851 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 18 forni part of these financial statements.
INSIUK Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 15 2,987 Current assets Debtors Cash at bank and in hand 16 13,744 359,802 317.010 373,546 317.010 Creditors: amounts falling due within one year 17 35,756 32,159 Net current assets 337,790 284,851 Total assets less current liabilities 340,777 284,851 Net assots 340,777 284,851 Funds of the charity Unrestricted funds 340,777 284,851 Total charity funds 19 340,777 284,851 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company io obtain an audit of its financial stalements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respecl to accounting records and the preparation of financial slatemenls. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 11 to 18 forni part of these financial statements.
INSIUK Company Limited by Guarantee Statement of Financial Position (contlnu 31 March 2025 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by.. SIGNÉD SE¢URÉLY 18/09/2025 1810912025 at 2..29=03 PM UTC SIGNED SECURELY 1810912025 at 3'.29:03 PM UTC Giles Hunt Trustee The notes on pages 11 to 18 forni part of these financial statements.
INSIUK Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income 55,926 4,682 Adjustments for.. Depreciation of tangible fixed assels Other interest receivable and similar income Accrued expenses 996 (4,509) 3.154 12.3291 3,351 Changes in.. Trade and other debtors Trade and other creditors 113,7441 443 4,798 16,8521 3,650 Cash generated from operations 42,266 Interest received 4,509 2,329 Net cash from operating activities 46.775 5,979 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (3,9831 (3,9831 Net Increase In cash and cash equlvalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 42,792 317,010 5,979 311,031 359,802 317,010 The notes on pages 11 to 18 forni part of these financial statements. 10
INSIUK Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General Informallon The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Thomson Reuters, 5 Canada Square, Floor 8, London, E14 5AQ. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, 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 (FRS 1021 {Charilies SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in slerling, which is the functional currency of the entity- Going concern At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affecls both current and future periods. The Trustees do not consider there to be any estimates or judgements that are critical to the financial statements. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charilable objectives. 11
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 Accountlng pollcles {contlnuedJ Incoming resources Income is recognised when the charity is legally entitled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Resources expended Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlemenl will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis, inclusive of value added tax. All expenses, including support costs and governance costs, are allocated to the one charitable activity in the statement of financial activities. Governance costs include those costs incurred in the governance of the charity's assets and are primarily associaled with constitutional and stalulory requirements. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment thal has previously been reco9nised as expenditure within Ihe statement of financial activities. A decrease in the carrying amounl of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as lo write off Ihe cost or valuation of an asset. less its residual value. over the useful economic life of that asset as follows.. Equipment 250/0 Straight line 12
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 Accountlng pollcles {contlnuedJ Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicalors exist. Where the carrying value eXedS the recoverable amounl, the assel is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For Ihe purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, Ihe goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instrumenls The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of Ihe reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Employee benefrts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lemiinate the employment of an employee or to provide lermination benefits. 13
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 Llmlted by guarantee The company is limited by guarantee whereby each member of the company undertakes to contribute to the company in the event of a winding up. Every member of the company guarantees to contribute £10 in the event of a winding up. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Subscriptions Membership subscription 256,794 256,794 228,292 228,292 Other donations and legacies Other donations and legacies 2,660 2,660 3,909 3,909 259,454 259,454 232,201 232.201 Investmenl income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 4.509 4.509 2.329 2,329 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Website revenue 1,800 1,800 1,000 1,000 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Fijnds 2025 Funds 2024 Safely awareness Support costs 191,302 18,535 191,302 18,535 211,878 18,970 211,878 18,970 209,837 209,837 230,848 230,848 14
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 Expendlture on charltable actlvltles by actlvlty type Safety Awareness Safety Awareness 2025 2024 Staff costs Consultancy Travel Depreciation Safely training course Members meeting expenses Conference fees Special events 141,112 35,466 2,393 996 1,280 1,071 3,915 5,069 149.845 12,130 2,229 2,553 2,634 5,237 37,250 191,302 211.878 10. Analysis of support costs Analysis of support costs Total 2025 Total 2024 Communications and IT General office Governance costs Advertising and marketing Insurance Bank charges 9.955 2.584 4,816 198 863 119 9,955 2,584 4,816 198 863 119 8,913 3,552 5,739 519 247 18.535 18,535 18.970 11. Net income Nel income is staled after chargingl(creditingl.' 2025 2024 Depreciation of tangible fixed assets 996 15
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 12. Independent examlnatlon fees 2025 2024 Fees payable to the independent examiner for-. Independent examination of the financial statements Other financial services 3,500 1,247 3,500 2,191 4,747 5,691 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions lo pension plans 127,974 11.233 1,905 136,524 11.303 2,018 141,112 149,845 The average head count of employees during the year was 212024.. 21. The average number of full-time equivalent employees during the year is analysed as follows= 2025 2024 Administration The number of employees whose remuneration for the year fell within the following bands, were: 2025 2024 £100,000 to £109,999 14. Trustee remuneration and expenses None of the trustees lor any persons connected with them) reiVed any remuneration or benefits during the current or prior year. None of the Irustees received reimbursement for expenses paid on behalf ofthe charity. 16
INSIUK Company Limited by Guarantee Notes to the Financial Statements (eonllnuod) Year ended 31 March 2025 15. Tanglble flxed assets Equipment Cost At 1 April 2024 Additions 3,983 At 31 March 2025 3,983 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 996 996 Carrylng amount At 31 March 2025 2,987 At 31 March 2024 16. Debtors 2025 2024 Trade debtors 13,744 17. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Social security and other taxes Other creditors 27,216 4,639 3,901 24,062 4,175 3,922 35,756 32,159 18. Penslons and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,905 {2024'. £2,018). 17
INSIUK Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2025 19. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 284,851 265,763 (209,837) 340.777 At 31 March 202 At 1 April 2023 Income Expenditure General funds 280,169 235,530 (230.848) 284.851 20. Analysls of net assels between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2.987 373,546 135.7561 340,777 2,987 373.546 (35,756) 340,777 Unrestricted Total Funds Funds 2024 Tangible fixed assels Current assets Creditors less than 1 year Net assets 317,010 132,1591 284,851 317,010 {32,159} 284,851 21. Analysis of changes in net debt At Al 1 Apr 2024 Cash flows 31 Mar 2025 Cash al bank and in hand 317,010 42,792 359,802 18