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2023-12-31-accounts

THE BRITISH HEN WELFARE TRUST YEAR ENDED 31 DECEMBER 2023

Charity Registration Number 1147356

Company number 8057493 (Registered in England and Wales)

The British Hen Welfare Trust Hen Central Rose Ash South Molton Devon EX36 4RF

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

Contents Page
Trustees' report 1 - 4
Independent Auditor's report 5 - 7
Statement of financial activities 8
Balance sheet 9
Statements of cash flows 10 - 11
Notes to the accounts 12 - 19

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

TRUSTEES' ANNUAL REPORT

REPORT OF THE TRUSTEES

The trustees present their annual report together with the consolidated financial statements for the year ended 31 December 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

OBJECTIVES AND ACTIVITIES

The aim of the charity is to improve the living conditions of commercial laying hens by improving understanding of hen welfare and providing homes for hens destined for slaughter.

In carrying out the activities of the charity the trustees have had regard to the guidance issued by the Charity commission on public benefit.

Public Benefit

In compliance with Section 17 of the Charities Act 2011, the trustees confirm that they have had due regard for the public benefit guidance published by the Charity Commission defining which activities may be undertaken by a charity.

Under the charities legislation in England, Wales and Scotland the advancement of animal welfare is recognised as a distinct statutory charitable purpose. However, under the legislation, charities are also required to demonstrate that the work they do benefits the public in some way. Ensuring the welfare of animals, preventing cruelty and relieving the suffering of animals has benefits for society as a whole; this is recognised in the passing of the Animal Welfare Acts.

Whilst it has been proven that companion animals provide measurable benefits to people’s physical and mental health, it is only with the work of the British Hen Welfare Trust that the benefits of keeping backyard hens are now shining through.

By helping hens destined for slaughter, we believe our work benefits the public in many ways:

• Providing companionship for individuals, families, institutions, the sick and the elderly

ACHIEVEMENTS AND PERFORMANCE

Throughout the year the charity was able to pursue hen re-homing activities across the country through its network of valued volunteers. In order to achieve its aims and objectives, the charity will seek to continue with an increased level of re-homing activities as per the previous year coupled with the continuation of the provision of educational services pertaining to hen welfare. This year, with no Avian Influenza restrictions to contend with, the charity re-homed 56,000 hens, a significant increase on the previous year. Two new rehoming sites were established in Scotland to give a greater geographical reach to hen adopters.

The primary fundraising activity of the charity is the donations received from hen rehoming. This is supplemented by grant applications, legacies and campaigns for specific requirements to enable the charity to operate. The charity continues to monitor the performance and efficacy of its fundraising activities, as well as reviewing the performance of its fundraising activities against fundraising objectives.

Page 1

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

TRUSTEES' ANNUAL REPORT

VOLUNTEERS

The charity recognises importance of its volunteer population and could not function as it does without them. The volunteer management function allows the charity to recognise the value of its volunteers fully, whilst ensuring maximum impact and delivery from the dedicated volunteer population. To illustrate the commitment of the volunteers the charity has, five volunteers received an award for giving 18 years’ service and more than 50 for 12 years’ of service to the charity.

PLANS FOR FUTURE PERIODS

The coming year will see the charity utilising further the new building, Hen Central, initially for hen re-homing activities as well as aiming to re-home increased levels of hens. The charity will also continue its work alongside it’s delivery partners in the provision of educational services pertaining to hen welfare.

In addition the charity will be re-homing its one millionth hen in 2024, a world first, and this should bring opportunities to publicise the work of the British Hen Welfare Trust and raise more awareness of the work the charity does.

FINANCIAL REVIEW

Financial performance for the British Hen Welfare Trust in 2023 was very good compared with the year before. The Group’s total income in 2023 reached £1,199,467; this was £232,246 more than the year 2022 total of £867,221. Expenditure over the past year has increased with 2023 ending in a total of £1,015,534 spent, an increase of £115,108. (2022: £900,426). The charity has seen the need for increased expenditure due to investment and increased in fundraising and marketing, re-homing and volunteer management and hen awareness and education costs.

Income

The British Hen Welfare Trust is entirely reliant on the generosity of our supporters and the voluntary income they contribute to our cause. Donation income is strong due to the continued successes of both our hen rehoming and fundraising activities. We have worked hard to improve our quality of communications and fundraising functions to ensure that potential new supporters are fully engaged in the charity ethos right from the beginning. We have worked alongside a number of companies within the poultry sector, to forge mutually beneficial partnerships.

Expenditure

Total group expenditure in 2023 was £1,015,534 (2022: £900,426). This reflects the scope and success of the wide offering of the charity, including hen re-homing and volunteer management, hen awareness and education and influencing welfare practices and policies costs. Expenditure on re-homing hens and influencing hen welfare and awareness continues to absorb the largest part of our expenditure.

Investment policy

The policy is to favour ethical investments and adopt a medium risk strategy with a balance between capital growth and income. The Trustees are content that the investment performance meets the objectives.

Risk review

The Trust has a risk management process in place for the major risks to which the charity is exposed, notably the management of the effects on the charity of a national outbreak of Avian Influenza or similar. Systems have been established to enable regular reports so that necessary steps may be taken to lessen the risks.

Page 2

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

TRUSTEES' ANNUAL REPORT

RESERVES POLICY

The Trustees feel it appropriate to maintain a level of reserves that will enable activities to be continued through periods of difficulty caused by unpredictable events (such as Avian Influenza halting rehoming activity). It is considered prudent to maintain a General Reserve equivalent to up to 12 months support costs. At 31 December 2023 the General Reserve amounted to £143,145. The General Reserve therefore falls short of the annual support costs of £212,750.

Funds surplus to the General Reserve requirement are designated to the following reserves, the movements of which are set out in note 11:

• Employee Commitment Fund to cover unforeseen costs associated with employment

• Capital Equipment Fund to provide for replacement of re-homing equipment

• Property Development Fund to respond to opportunities for growth, particularly regarding the Charity’s operating base. Note than this fund has a significant gain due to the sale of Hope Chapel. As part of the strategic growth of the charity, it is expected that these funds will be re-invested in property at some point in the future.

• Education Fund to provide educational resource to promote public awareness of hen related issues.

• Hen Health Fund to promote hen health knowledge nationally through working with the veterinary profession.

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee, having no share capital. The company was formed on 4 May 2012 and at that date it received the assets of the British Hen Welfare Trust, an unincorporated charity, registration number 1109060. From that date the charitable company continued to carry on the activities of its predecessor charity.

Governing Instrument

The governing document of the charity is the Memorandum of Association dated May 2012. This followed the incorporation of the charity as a company limited by guarantee and replaced the Declaration of Trust dated December 2004.

Charity Registration Number: 1147356 Company Number: 8057493 (England and Wales) Registered Office: Hope Chapel, Rose Ash, South Molton, Devon, EX36 4RF

Board of Trustees (who are directors for Companies Act purposes)

The trustees who served throughout this year and up to the date of the approval of the Annual Report and Accounts comprised:

Jonathan Ison

Karen Wright Marcella Perversi

David Marek Jacqueline Pateman-Jones Samantha Hopps Nicholas Tulloch Sophia Fannon-Howell

To 20 November 2023 To 26 January 2024

From 13 February 2023 From 13 February 2023 to 9 February 2024 From 14 March 2024

Page 3

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

TRUSTEES' ANNUAL REPORT

The Trustees are selected to provide the board with a comprehensive range of strengths and experiences. They are appointed by decision of the existing Trustees for a period of five years and may seek re-election. Aside from the Chair, the trustees are non-executives. The day to day administration of the charity is provided by the senior leadership team with key decisions ratified by the trustees. The senior leadership team continues to be led by Jane Howorth as CEO. Salaries for the leadership team are decided by the Personnel Committee of the Board of Trustees.

Prior to their appointment Trustees are fully acquainted with the work of the Trust and upon appointment are provided with the information that they need to fulfil their roles, including information about the role of trustees and charity law.

Advisors to the Trust

Bankers: Lloyds Bank plc, Commercial Banking, PO Box 1000, BX1 1LT Nationwide Building Society, Pipers Way, Swindon, SN38 1NW

Investment Advisors: CCLA, Senator House, 85 Queen Victoria Street, London EC4V 4ET

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The charity trustees (who are directors for Companies Act purposes) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources for the financial year.

In preparing those financial statements the Trustees are required to select suitable accounting policies and apply them consistently, make judgements and estimates that are reasonable and prudent and prepare the accounts on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees’ annual report was approved on 30 October 2024 and signed on behalf of the trustees by

David Marek Trustee

Page 4

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES

OPINION

We have audited the financial statements of the British Hen Welfare Trust (the group) for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable by law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The prior year financial statements were not subject to an audit and accordingly the comparatives included in these financial statements are unaudited.

In our opinion, the financial statements:

 give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended;

 have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

 have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS OF OPINION

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

CONCLUSIONS RELATING TO GOING CONCERN

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

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

Our responsibilities and the responsibilities of the charity 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 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Page 5

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES

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 in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

RESPONSIBILITIES OF THE TRUSTEES

As explained more fully in the statement of responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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 they 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 they either intend to liquidate the charitable company 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 section 44(1)(c) of the Charities and report in accordance with the Acts and relevant regulations made or having effect thereunder.

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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.  Enquiry of management, those charged with governance and review of legal and professional costs around actual and potential litigation and claims.

 Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Page 6

THE BRITISH HEN WELFARE TRUST

YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

USE OF OUR REPORT

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Streets Audit LLP Chartered Accountants & Statutory Auditor

Tower House Lucy Tower Street Lincoln LN1 1XW

Street Audit LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 7

BRITISH HEN WELFARE TRUST

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST DECEMBER 2023

----- Start of picture text -----
Unrestricted funds Restricted
Total 2023 Total 2022
Notes General Designated funds
£ £ £ £ £
INCOME
Income from generated funds
-
Donations and legacies 695,830 88,282 784,112 554,577
Commercial trading operations 3 272,146 - - 272,146 274,091
- -
Other trading activities 29,342 29,342 37,135
Investment income 5,046 - - 5,046 802
-
1,002,364 88,282 1,090,646 866,605
Income from charitable activities 5,966 - - 5,966 616
Gain on disposal of freehold property 5 - 102,855 - 102,855 -
TOTAL INCOME 5 1,008,330 102,855 88,282 1,199,467 867,221
EXPENDITURE 6
Expenditure on raising funds
- -
Commercial trading operations 263,775 263,775 239,865
- -
Donations and legacies 82,044 82,044 78,721
- -
Fundraising and marketing 111,050 111,050 80,855
- -
Investment management costs 1,333 1,333 1,315
Charitable activities
-
Hen re-homing and volunteer management 287,423 24,191 311,614 265,758
Hen awareness and education 188,215 - - 188,215 178,786
- -
Influencing welfare practices and policies 57,503 57,503 55,126
TOTAL EXPENDITURE 991,343 - 24,191 1,015,534 900,426
NET INCOME before tax 16,987 102,855 64,091 183,933 (33,205)
Tax on income - -
NET INCOME after tax 16,987 102,855 64,091 183,933 - (33,205)
Net gains (losses) on investments 11 - 31,531 - 31,531 (25,402)
NET INCOME before transfers 16,987 134,386 64,091 215,464 (58,607)
Transfers between funds 14 12,116 (12,116) - - -
NET MOVEMENT IN FUNDS 29,103 122,270 64,091 215,464 (58,607)
FUNDS BROUGHT FORWARD 114,042 1,262,166 89,700 1,465,908 1,524,515
FUNDS CARRIED FORWARD 143,145 1,384,436 153,791 1,681,372 1,465,908
----- End of picture text -----

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BRITISH HEN WELFARE TRUST

CONSOLIDATED AND CHARITY STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2023

----- Start of picture text -----
Group Group Charity Charity
Notes 2023 2022 2023 2022
£ £ £ £
FIXED ASSETS
Tangible assets 8 672,629 833,076 672,629 833,076
Investments 9 - - 100 100
672,629 833,076 672,729 833,176
CURRENT ASSETS
Stocks 10 37,051 46,202 - -
Cash at bank and in hand 706,056 348,100 694,971 340,050
Investments at fair value 11 267,950 236,419 267,950 236,419
Debtors 12 41,810 37,504 77,153 79,054
1,052,867 668,225 1,040,074 655,523
CREDITORS: Amounts falling due
within one year 13
Creditors 23,004 25,673 11,831 14,591
Accruals 21,120 9,720 19,600 8,200
44,124 35,393 31,431 22,791
NET CURRENT ASSETS 1,008,743 632,832 1,008,643 632,732
NET ASSETS 15 1,681,372 1,465,908 1,681,372 1,465,908
RESERVES
Unrestricted funds 14
General fund 143,145 114,042 143,145 114,042
Designated funds 1,384,436 1,262,166 1,384,436 1,262,166
Restricted funds 16 153,791 89,700 153,791 89,700
Total income funds 1,681,372 1,465,908 1,681,372 1,465,908
----- End of picture text -----

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 Companies Act 2006. However, an audit is required in accordance with section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Jonathan Ison Trustee

David Marek Trustee

30 October 2024

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BRITISH HEN WELFARE TRUST

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31ST DECEMBER 2023

----- Start of picture text -----
2023 2022
£ £
Cash flows from operating activities
Net income from operating activities 215,464 (58,607)
Adjustments for:
(Gains)/losses on investments (31,531) 25,402
Investment income (5,046) (802)
Depreciation charges 42,099 35,449
-
(Gains)/losses on sales of fixed assets (102,855)
(Increase)/decrease in debtors (4,306) (878)
Increase/(decrease) in creditors 8,731 (4,629)
(Increase)/decrease in stock 9,151 (6,254)
Purchase of property, plant and equipment (67,060) (21,334)
Net cash provided by (used in) operating activities 64,647 (31,653)
Cash flows from investing activities
-
Proceeds from sale of property, plant and equipment 288,263
Interest received 5,046 802
Purchase of investments - -
Net cash provided by (used in) investing activities 293,309 802
Change in cash and cash equivalents in the
reporting period 357,956 (30,851)
Cash and cash equivalents at beginning of year 348,100 378,951
Cash and cash equivalents at end of year 706,056 348,100
----- End of picture text -----

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BRITISH HEN WELFARE TRUST

CHARITY STATEMENT OF CASH FLOWS

YEAR ENDED 31ST DECEMBER 2023

----- Start of picture text -----
2023 2022
£ £
Cash flows from operating activities
Net income from operating activities 215,464 (58,607)
Adjustments for:
(Gains)/losses on investments (31,531) 25,402
Investment income (6,646) (1,942)
Depreciation charges 42,099 35,449
-
(Gains)/losses on sales of fixed assets (102,855)
(Increase)/decrease in debtors 1,901 196
Increase/(decrease) in creditors 8,640 (10,813)
Purchase of property, plant and equipment (67,060) (21,334)
Net cash provided by (used in) operating activities 60,012 (31,649)
Cash flows from investing activities
-
Proceeds from sale of property, plant and equipment 288,264
Interest received 6,646 1,942
Purchase of investments - -
Net cash provided by (used in) investing activities 294,910 1,942
Change in cash and cash equivalents in the
reporting period 354,922 (29,707)
Cash and cash equivalents at beginning of year 340,049 369,757
Cash and cash equivalents at end of year 694,971 340,050
----- End of picture text -----

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BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

British Hen Welfare Trust meets the definition of a public benefit entity under FRS 102.

The trustees consider that the charity has adequate resources to continue its operations for the foreseeable future and accordingly have adopted the going concern basis in preparing the accounts.

Income

Income is included in the statement of financial activities when it is probable that the charity will become entitled to the income and the amount can be quantified with reasonable accuracy. The following policies apply to particular categories of income:

Expenditure and liabilities

Expenditure is recognised on an accruals basis when a liability is incurred.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the

Support costs have been allocated to activity cost categories on a basis consistent with the use of resources.

Creditors are measured at settlement amounts less any trade discounts.

Assets

Tangible fixed assets are depreciated on a reducing balance basis having regard to the useful lives of the assets. The rates used are as follows:

rates used are as follows:
Freehold property 2% Other office equipment 33%
Welfare equipment 15%-25% Motor vehicles 25%
Office furniture 10%

Debtors are measured on initial recognition at settlement amounts. Subsequently they are measured at the cash or other consideration expected to be received.

Critical accounting estimates and areas of judgement

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Tangible fixed assets and investment property are recognised at cost or valuation, less accumulated depreciation / amortisation and any impairment. Depreciation / amortisation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the Charity's fixed assets is tested as soon as changed conditions show that a need for impairment has arisen.

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BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

2. FINANCIAL PERFORMANCE OF THE CHARITY

The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary, The BHWT Trading Co Limited, which operates an online shop.

The summary financial performance of the charity alone is:

Incoming resources
Gift aid from subsidiary company
Interest and management fees charged to subsidiary
Gain from disposal of freehold property
Cost of generating funds
Expenditure on charitable activities
Net incoming resources
Net gain on investments
Total funds brought forward
Total funds carried forward
Represented by:
Restricted income funds
Unrestricted income funds		 2023
£
824,466
5,791
2,580
102,855
935,692
194,427
557,332
751,759
183,933
31,531
215,464
1,465,908
1,681,372
153,971
1,527,581
1,681,552		 2022
£
593,130
32,106
2,120
-
627,356
160,891
499,670
660,561
(33,205)
(25,402)
(58,607)
1,524,515
1,465,908
89,700
1,376,208
1,465,908

3. INCOMING RESOURCES FROM COMMERCIAL TRADING

The wholly owned subsidiary, The BHWT Trading Co Limited, is incorporated in England and Wales and pays all its profits to the charity by gift aid. It operates an online shop for the sale of products related to the activities of the charity. The charity owns the entire share capital of 100 ordinary shares of £1 each.

The summary financial performance of the subsidiary alone is:

Turnover
Cost of sales and administration costs
Net profit
Amount gift aided to charity
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Net assets
Aggregate share capital and reserves		 2023
£
272,146
266,355
5,791
5,791
-
51,258
51,158
100
100		 2022
£
274,091
241,985
32,106
32,106
-
61,019
60,919
100
100

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BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

OUP AND CHARITY EMPLOYEE INFORMATION
The average number of employees during the period was:
Administrative support staff
Staff costs for the above persons were:
Wages and salaries
Social security costs
Pension costs		 2023
12
£
343,038
24,106
8,133
375,277		 2022
12
£
337,948
22,996
7,727
368,671

4. GROUP AND CHARITY EMPLOYEE INFORMATION

No employee earned more than £60,000 per annum (2022: None).

The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity was £130,342 (2022: £108,529).

We are grateful for the contribution given by our 1,400 volunteers who help with re-homing activites across the UK. It is not practicable to attach a value to this contribution.

5. ANALYSIS OF INCOME AND ENDOWMENTS

Voluntary income
Donations
Gift aid tax recoverable
Lottery
Legacies
Activities for generating funds
Commercial trading operations
Corporate sponsorship
Advertising and fees
Investment income
Bank interest
Charitable activities
Poultry Vet Guide
Awards and other income
Sale of hens		 £
562,299
98,158
30,816
4,557
695,830
272,146
25,937
3,405
301,488
5,046
5,046
3,843
2,123
-
5,966
Unrestricted
funds		 £
82,032
6,250
-
-
88,282
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 £
644,331
104,408
30,816
4,557
784,112
272,146
25,937
3,405
301,488
5,046
5,046
3,843
2,123
-
5,966
Total 2023		 £
433,731
71,315
-
11,866
516,912
274,091
28,875
8,260
311,226
802
802
-
-
616
616
Unrestricted
funds		 £
37,665
-
-
-
37,665
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 £
471,396
71,315
-
11,866
554,577
274,091
28,875
8,260
311,226
802
802
-
-
616
616
Total 2022

Voluntary income includes the following donations received from charitable trusts:

£ Animal Friends 2,250 The Sylvia Aitken Chatitable Trust 2,000 The Diana Edgson Wright Trust 2,000 The Marsh Charitable Trust 900

£ The Primrose Trust 30,000 Animal Affairs 1,000 The Walker 597 Trust 300 UK Compassion Association 500

Page 14

BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

----- Start of picture text -----
6. ANALYSIS OF EXPENDITURE (unrestricted) Other
Staff direct Support Total Total
costs costs costs 2023 2022
£ £ £ £ £
Expenditure on raising funds
- -
Commercial trading operations 263,775 263,775 239,865
Donations and legacies 46,909 5,430 29,705 82,044 78,721
Fundraising and marketing 10,508 93,093 7,449 111,050 80,855
Investment management 250 20 1,063 1,333 1,315
Expenditure on charitable activities
Hen rehoming and volunteer management 131,347 70,938 85,138 287,423 255,282
Hen awareness and education 105,078 15,027 68,110 188,215 167,185
Influencing welfare practices and policies 32,461 3,757 21,285 57,503 55,126
ANALYSIS OF EXPENDITURE (restricted)
Expenditure on charitable activities
- -
Hen rehoming and volunteer management 24,191 24,191 10,476
Hen awareness and education - - - - 11,601
326,553 476,231 212,750 1,015,534 900,426
7. SUPPORT COSTS ALLOCATION Staff Property Admin Legal and Total
costs costs and Finance 2023
£ £ £ £ £
Expenditure on raising funds
Donations and legacies 6,625 2,457 17,806 2,817 29,705
Fundraising income 1,656 614 4,452 727 7,449
Investment management 236 87 636 104 1,063
Expenditure on charitable activities
Hen rehoming and volunteer management 18,930 7,020 50,875 8,313 85,138
Hen awareness and education 15,144 5,616 40,700 6,650 68,110
Influencing welfare practices and policies
4,733 1,755 12,719 2,078 21,285
47,324 17,549 127,188 20,689 212,750
----- End of picture text -----

Support costs have been allocated to activities on the basis of estimated staff time.

Governance costs included in support costs amount to £16,617 (2022: £7,776).

Governance costs include auditor's and independent examiner's fees of £15,000 (2022 £1,600).

The charity operates a defined contribution pension scheme. The contributions to the scheme amounted to £8,133 in the year and are included in the staff costs in the above notes showing the allocation to activities.

Page 15

BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

8. GROUP AND CHARITY TANGIBLE FIXED ASSETS

Freehold
property
£
Cost
At 1 January 2023
822,964
Additions
-
Disposals
(207,118)		 Welfare
Office
equipment
equipment
£
£
£
122,555
42,145
35,884
18,813
958
47,289
-
-
-
Motor
vehicles		 Total
1,023,548
67,060
(207,118)
At 31 December 2023
615,846		 141,368
43,103
83,173		 883,490
Depreciation
At 1 January 2023
62,218
Charge for the period
12,116
Eliminated on disposals
(21,710)		 70,785
31,672
25,797
12,061
3,575
14,347
-
-
-		 190,472
42,099
(21,710)
At 31 December 2023
52,624		 82,846
35,247
40,144		 210,861
Net book amounts
At 31 December 2023
563,222		 58,522
7,856
43,029		 672,629
At 31 December 2022
760,746		 51,770
10,473
10,087		 833,076
ARITY FIXED ASSET INVESTMENTS
Holdings of 20% or more
The activities and results of this company are summarised in Note 3.
OUP STOCKS
The stock held by the group relates entirely to trading stock held by the trading subsidiary.
OUP AND CHARITY CURRENT ASSET INVESTMENTS
COIF Charities Ethical Investment Fund
£
The charity holds 100 shares of £1 each in its wholly owned trading subsidiary The BHWT Trading Co
Limited which is incorporated in England and Wales.
Value at 1st January 2023
Increase (decrease) in value		 236,419
31,531
Value at 31 December 2023 267,950
BTORS
Trade debtors
Other debtors
Loan to subsidiary company		 2023
2022
2023
2022
£
£
£
£
12,547
17,610 9,425
10,843
29,263
19,894 36,042
52,000
-
-
31,686
16,211
Group
Charity
41,810
37,504 77,153		 79,054

9. CHARITY FIXED ASSET INVESTMENTS

10. GROUP STOCKS

11. GROUP AND CHARITY CURRENT ASSET INVESTMENTS

12. DEBTORS

Debtors are measured at the best estimate of the amount expected to be recovered at the reporting date.

Page 16

BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

EDITORS - amounts due within one year
Trade creditors
Other
Accruals
OVEMENTS IN CHARITABLE FUNDS
£
£
Restricted funds (see Note 15)
89,700
88,282
Unrestricted funds
General fund
114,042
1,008,330
Designated funds:
Employee commitment fund
351,420
-
Capital equipment fund
40,000
-
Property development fund
760,746
-
Education
35,000
-
Hen health
75,000
-
1,376,208
1,008,330
At 1 January
2023
Income		 2023
2022
2023
2022
£
£
£
£
13,604
12,536
3,801
5,131
9,400
13,137
8,030
9,460
21,120
9,720
19,600
8,200
44,124
35,393
31,431
22,791
£
£
£
£
(24,191)
-
-
153,791
(991,343)
12,116
-
143,145

-
-
31,531
382,951

-
-
-
40,000

-
(12,116)
102,855
851,485

-
-
-
35,000

-
-
-
75,000
(991,343)
-
134,386
1,527,581
At 31
December
2023
Transfers
Group
Charity
Expenditure
Gains and
losses

13. CREDITORS - amounts due within one year

14. MOVEMENTS IN CHARITABLE FUNDS

Restricted funds (see Note 15)
Unrestricted funds
General fund
Designated funds:
Employee commitment fund
Capital equipment fund
Property development fund
Education
Hen health		 £
£
£
£
£
£
74,112
37,665
(22,077)
-
-
89,700
161,848
829,556
(878,349)
987
-
114,042
376,822
-
-
-
(25,402)
351,420
40,000
-
-
-
-
40,000
761,733
-
-
(987)
-
760,746
35,000
-
-
-
-
35,000
75,000
-
-
-
-
75,000
1,450,403
829,556
(878,349)
-
(25,402)
1,376,208
Gains and
losses
At 31
December
2022
Transfers
At 1 January
2022
Income
Expenditure

Purposes of designated funds:

Employee commitment fund: This fund represents reserves set aside to meet unforeseen costs associated with employment, for example sickness, maternity, redundancy.

Capital equipment fund: A fund to provide for the replacement of equipment.

Property development fund: This fund has been established to purchase and develop the charity's property. The building costs and related depreciation are transferred to this fund.

Education fund: A fund to provide educational resources including coursework.

Hen health: This fund has been established to expand and promote hen health knowledge nationally through working with the veterinary profession.

Page 17

BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

15. RESTRICTED FUNDS

Improving Pet Hen Health
Van and trailer appeal 2020
Van purchase 2023
Summer appeal 2023
Hen Hospital
Hen Welfare Awareness
Hens as Therapy
Christmas Appeal 2021
Animal Defence Trust
Norman Family Charitable trust
Pets at Home Foundation
Improving Pet Hen Health
Van and trailer appeal 2020
Hen Hospital
Hen Welfare Awareness
Hens as Therapy
Hen Helpline
Animal Rescue Foundation
Animal Friends for Gabions
Christmas Appeal 2021
Animal Defence Trust
Norman Family Charitable trust
Pets at Home Foundation		 £
£
£
£
£
£
640
2,174
-
-
-
2,814
13,051
-
(3,263)
-
-
9,788
-
47,289
(11,822)
-
-
35,467
-
37,984
-
-
-
37,984
14,158
-
-
-
-
14,158
619
580
-
-
-
1,199
6,512
255
-
-
-
6,767
30,710
-
(5,458)
-
-
25,252
1,500
-
-
-
-
1,500
1,000
-
-
-
-
1,000
21,510
-
(3,648)
-
-
17,862
89,700
88,282
(24,191)
-
-
153,791
£
£
£
£
£
£
-
640
-
-
-
640
17,401
-
(4,350)
-
-
13,051
14,158
-
-
-
-
14,158
-
619
-
-
-
619
6,207
305
-
-
-
6,512
-
11,601
(11,601)
-
-
-
1,860
-
(1,860)
-
-
-
569
-
(569)
-
-
-
33,917
-
(3,207)
-
-
30,710
-
1,500
-
-
-
1,500
-
1,000
-
-
-
1,000
-
22,000
(490)
-
-
21,510
74,112
37,665
(22,077)
-
-
89,700
Transfers
At 1
January
2023
Income
Expenditure
Gains and
losses
At 31
December
2023
Transfers
At 1
January
2022
Income
Expenditure
Gains and
losses
At 31
December
2022

Improving pet hen health: To collaborate with veterinary professionals in order to improve understanding of care for pet hens.

Van and trailer appeal 2020; Van purchase 2023; Summer appeal 2023

These funds are for the purchase of vans and trailers. The costs of the assets acquired by these funds are included in fixed assets. Depreciation of the assets is charged to each fund and the closing balance at the balance sheet date represents the book value of the assets.

Hen hospital: To provide specialist equipment for a hen hospital in the charity's new building.

Hen Welfare Awareness: Funds raised through the Christmas Appeal to promote a wide understanding of the need for hen welfare procedures.

Hens as therapy: Funds raised through the Christmas Appeal to develop the understanding of the use of hens as therapy for those suffering with mental health issues.

Christmas Appeal 2021: To provide equipment to individual team poorly hen carers including heat lamps, holding pens and other equipment necessary for nursing sick and injured hens.

Animal Defence Trust: A grant towards the cost of a trailer for hen collection.

Norman Family Charitable Trust: A grant for equipment

Pets at Home Foundation: A grant to provide a rehoming shed in Lancashire. The cost of assets acquired by this fund is included in fixed assets. Depreciation of the assets is charged to the fund.

Page 18

BRITISH HEN WELFARE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31ST DECEMBER 2023

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted funds
Unrestricted funds
General fund
Employee commitment fund
Capital equipment fund
Property fund
Education fund
Hen health fund		 2023
2023
2023
£
£
£
63,124
90,667
153,791
46,383
96,762
143,145
-
382,951
382,951
-
40,000
40,000
563,222
288,263
851,485
-
35,000
35,000
-
75,000
75,000
672,729
1,008,643
1,681,372
Fixed
Assets
Current
Assets
Total		 2022
2022
2022
£
£
£
15,655
74,045
89,700
56,775
57,267
114,042
-
351,420
351,420
-
40,000
40,000
760,746
-
760,746
-
35,000
35,000
-
75,000
75,000
833,176
632,732 1,465,908
Fixed
Assets
Current
Assets
Total

17. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

Jane Howorth, the founder of the charity, received a salary of £55,008 (2022: £55,008) as chief executive of the charity. Company pension contributions were £1,320. This is permitted by article 4.6 of the Memorandum of Association.

J Ison is a consultant with the firm Bray Accountants which provided accountancy services to the value of £3,000 during the year, as permitted under article 4.5.3 of the Memorandum of Association.

No trustee receives salary or expenses for their work as a trustee.

There are no other related party transactions that require disclosure under FRS102.

Page 19