Company registration number: RC000858 Charity registration number: 1150455 ## The British Occupational Hygiene Society (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2022 RWB CA Limited Northgate House North Gate New Basford Nottingham NG7 7BQ ## **The British Occupational Hygiene Society** ## **Contents** |Reference and Administrative Details|1 to 2| |---|---| |Trustees' Report|3 to 10| |Independent Auditors' Report|11 to 14| |Statement of Financial Activities|15| |Balance Sheet|16| |Statement of Cash Flows|17| |Notes to the Financial Statements|18 to 34| ## **The British Occupational Hygiene Society** ## **Reference and Administrative Details** **Chief Executive Officer** Professor K Bampton **Trustees** Ms C Keen President Mr A Wilson President Elect Ms A Margary Immediate Past President Ms H Pearson Hon Secretary Mrs A Parker Hon. Treasurer Mr K Williams Ms S Leeson Mr J Dobbie Mr J Grant Mr P Gahir Ms S Lett Mr A Parris Ms C Forshaw Ms M K Cameron Ms N M M Flavin Mr D M J Eaves Mr J Hodgkiss Mrs C Trow **Secretary** Ms H Pearson Hon Secretary **Senior Management / Leadership** Professor K Bampton, Chief Executive **Team** Ms L Oxlade, Finance and Resources Manager **Registered Office** 5/6 Melbourne Business Court Millennium Way Pride Park Derby DE24 8LZ The Charity is incorporated in England and Wales. Page 1 ## **The British Occupational Hygiene Society** ## **Reference and Administrative Details** **Company Registration Number** RC000858 **Charity Registration Number** 1150455 **Solicitors:** Nelsons Solicitors LLP Pennine House 8 Stanford Street Nottingham NG1 7BQ **Bankers** HSBC 1 St Peters Street Derby Derbyshire DE1 2AE **Auditor** RWB CA Limited Northgate House North Gate New Basford Nottingham NG7 7BQ Page 2 ## **The British Occupational Hygiene Society** ## **Trustees' Report** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 December 2022. ## **Objectives and activities** ## _**Objects and aims**_ The Society is a charity and its objects are to promote the science of occupational hygiene and health, good practices and standards, research, and advance education in the subject of occupational and environmental hygiene. The Royal Charter recognises the Society as the pre­eminent body in the UK for occupational hygiene. ## _**Objectives, Strategy and Activities**_ All our charitable activities are undertaken to further our charitable purpose for the public benefit. Many of these activities would not be possible without the significant voluntary contributions of our members. The trustees wish to express their continued gratitude to members in this regard. Membership of the Society is open to anyone with an interest in occupational hygiene and reduced membership rates are available to student and retired members. The Society has examined the information contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The trustees regularly consider how planned activities will contribute to the aims and objectives they have set. The intent of the strategy is to focus the Society's resources to deliver an improved public benefit in reducing the incidence of ill­health caused or made worse by work. ## **Strategic Themes** The Society has broken down our vision into a set of aims that we are working to achieve: - Work to eliminate harmful exposures - Promote safe and effective substitutes for existing hazards - Design out threats to human health - Manage out work practices that place people at risk - Ensure all people in all working environments have the right protection at the right time ## **Key developments planned for 2021-2025 are:** 1. To develop a Professional Standards Governance and Performance Framework which would be externally recognised as the definitive competency statement whilst also being a formal statement of the profession and a benchmark for anyone providing occupational health services. 2. To establish a presence in Higher Education in order to support learning, qualification and professional development to broaden and deepen the public, sectoral, governmental and professional understanding of occupational hygiene. This is also being led by the Faculty of Occupational Hygiene. 3. The enhancement of technical capabilities by maintaining and developing a systematic programme of technical guidance production and review, informed and critiqued by practice and research. Page 3 ## **The British Occupational Hygiene Society** ## **Trustees' Report** 4. The formalisation of international engagement by reviewing each of our existing bilateral partnerships, consulting on strategic aims of partner societies and, so far as is mutually beneficial and sustainable, develop partnerships with other occupational health societies and organisations globally. The main activities undertaken by the Society under these strategic themes encompass: - **Campaigns** : leadership of industry awareness campaigns - **Membership** : provision of services and support to members - **Events** : running of scientific conferences and events - **Qualifications** : the provision of qualifications and competency schemes - **Publishing** : of an academic journal and other scientific information - **Policy and Technical** : scientific and technical representation to government, regulators and other bodies ## _**Public benefit**_ The main purpose of the Society is to reduce the incidence of ill­health caused or made worse by work. This falls within the recognised charitable purpose of the advancement of health or the saving of lives under the Charities Act 2006. The public benefit of this aim applies both directly to the working population and to those affected by the wider health impact of workplaces. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, governance and management** The Society is a charitable company, incorporated by Royal Charter on 20 December 2012 and registered as a new charity on 11 January 2013. The Society is established under Royal Charter which sets out its objects and powers, and is governed under the associated Byelaws and Regulations. Under the Byelaws, Ordinary Board Members of the Board are elected at the AGM to serve for a period of three years. The Honorary Officers of Secretary, and Treasurer are elected for a period of three years, the Registrars for FOH and FAAM are elected for a period of three years and a new President is elected annually to serve on a three­year cycle (year one as President­Elect, year two as President and year three as Immediate Past­President). All new Board members are provided with an induction and operational briefing. They have access to selected previous Board paperwork, and documents outlining the practices and procedures used by the Board for its operation. During the President­Elect's one­year term, mentoring and support are provided by the President, Immediate Past President and Chief Executive. The Board members (who are both directors and trustees) manage the Society through regular Board meetings which focus on strategic decision making and policy setting. The implementation of strategy, policy and the day­to­day running of the Society's operations are delegated to the members of the Management Team who, through the Chief Executive, are accountable to the Board. All the trustees are members of the Society. None of the trustees have any beneficial interest in the Society. Page 4 ## **The British Occupational Hygiene Society** ## **Trustees' Report** The Board maintains a risk register which is reviewed by the Board every quarter. The Board is satisfied that it has identified, discussed and had oversight of the major risks facing the organisation, and that plans are in place as far as possible to reasonably mitigate those risks. External risks to funding are minimised by the implementation of procedures for the authorisation of all transactions. 2021 saw the launch of a new Strategic Plan for implementation from 2021­2025. It focuses on the key roles of the Society as a home for the Occupational Hygiene and Asbestos Professions, as a learned scientific Society and as a scientific charity devoted to the promotion of worker health protection. 2022 saw significant progress in the implementation of this strategy. ## **Achievements and performance** A full review of the Society’s achievements and performance is provided in the annual report which accompanies the Trustees report. A brief summary is given here under the main activities. ## 1. **Campaigns** In 2022, we were able to confirm the development of Breathe Freely Campaigns in Canada and the United States and to develop Breathe Freely's focus on the demolition industry. A new version of the website was launched . BOHS was very visible for its work supporting Parliamentary inquiries into Asbestos and Respiratory Crystalline Silica. ## 2. **Membership (including FAAM)** The focus of our membership activities in 2022 aimed to support the implementation of the Faculty Strategies, whilst raising the public profile of occupational hygiene. This led to a modest increase in the level of general membership , but a more significant increase in communications engagement by the general public, particularly through social media. ## _**Faculty of Occupational Hygiene (FOH)**_ The focus of Faculty work was the development of a competency framework for professional hygienists and movement towards a regulated professional register for occupational hygienists under the auspices of the Professional Standards Authority for Health and Social Care. This was complemented by a significant review and publications programme for technical guidance. Membership decreased slightly, impacted by a significant number of retirements from the profession. ## _**Faculty of Asbestos Assessment and Management (FAAM)**_ FAAM membership increased slightly. FAAM'S visibility was raised significantly by the publication of a Parliamentary report which drew evidence from FAAM and the government's response. Further development of the professional framework for FAAM was the focus of activity and the Faculty launched a Fellowship level. Page 5 ## **The British Occupational Hygiene Society** ## **Trustees' Report** ## 3. **Events** The conference & events calendar was compacted , with a host of high­quality conferences complemented by a suite of well­attended webinars. The national OH2022 conference has lesser footfall than pre­ COVID conferences, falling only six months after the previous delayed annual conference for 2021. It took place in Northern Ireland for the first time in the Society's history and benefitted from local attendance subsidies. ## 4. **Qualifications** Qualifications became the focus for significant operational review and restructure , triggered by challenges with an ageing software system and the retirement and loss of key technical expertise. Significant challenges with implementing changes arising out of the long­ awaited reissue of guidance on asbestos analysis by HSE required the inspection and reapproval of the largest part of the Society's qualifications portfolio. A revised process of quality assurance , operational management and IT delivery was iniated which is due to be fully implemented in 2023. ## 5. **Publishing** The Annals of Work Exposures and Health achieved an even higher impact factor and was even more widely cited than in pre­pandemic periods. An agreement with the American Industrial Hygiene Association allowed for a mini­subscription which was deemed to be a successful trial. The republication and rationalization of the Society's technical guidance was completed and a new process for the quality assurance of techical standards in guidance publication was launched. ## **Financial review** The statement of financial activities shows a net deficit for the year of £ 204,035 compared to £133,294 surplus in 2021. The budget for 2022 was predicated on a marginal deficit of £37,110 to enable transitional pay and staffing adjustments to be made. The variance to budget for 2022 was therefore £166,925, of which £135,089 was authorised additional expenditure against reserves (as detailed below). Losses in net conference performance resulted in a shortfall of £31,836, resulting in a trading deficit of £68,946. Page 6 ## **The British Occupational Hygiene Society** ## **Trustees' Report** ## **External factors** External factors resulted in unbudgeted additional expenditure/loss from reserves (£95,128) being authorised for: £45,475 (loss in the value of cash investments) £26,539 (additional agency/staffing costs to address rapid implementation of new asbestos qualifications) £18,925 (cumulative increase in IT costs, arising from the collapse of IT supplier and the need to bring forward IT review/restructure) £2,500 (additional IT costs for new asbestos qualifications content) £1,689 (increase in utility costs) ## **Additional approved expenditure from reserves** Additional expenditure (£39,961) from reserves was authorised for: £13,789 (fee for application for Professional Standards Association Register) £11,609 (variance in budgeted depreciation arising from office refurbishment) £9,680 (variance in budgeted non­reclaimable VAT) £7,077 (non­capital costs for completion of office refurbishment) £4,559 (HR fees to support a review of staffing and remuneration) - £2,927 (net one­off additional payroll cost to budget from senior management restructure) ## **Trading losses** Net loss on conference budget accounted for £37,351 which was partly mitigated by better performance, efficiencies in other areas. ## **Future sustainability** The Society reprofiled its staffing and management through 2022 catalysed by changes in the senior management team and a post­pandemic review of capabilities, capacity and the need to retain highly skilled staff. This review has enabled a reprofiled approach to management and remuneration to enable the staffing of the Society to be sustainable for the future. The Society also brought forward reviews of its core IT functions into 2022 as a result of supplier failure and new demands, but positions its core IT infrastructure to be fit for the future. Our reserves, which are unrestricted, amounted to £1,300,744 compared to £1,504,779 in 2021. Around 50% of reserves are invested for potential growth whilst the remainder are held on deposit or used for working capital. The Society's investment funds were held in one charity account during 2022, with the value of the Charities Investment Fund fluctuating throughout the year and showing a final net loss in value of £45,475 in 2022. Page 7 ## **The British Occupational Hygiene Society** ## **Trustees' Report** ## _**Policy on reserves**_ BOHS maintains reserves as part of its risk strategy and to ensure a sustainable financial base. The purposes of reserves are the following: - To ensure the Society can cover administrative, contractual and operating costs - To assure the Society’s position of independence, and freedom and responsiveness of action - To provide financial headroom for the Society to develop its activities for members - To provide reassurance for suppliers The level of reserves is determined annually by the Board as part of the budget setting process. The minimum level of reserves was thoroughly reviewed during 2021 and will be assessed annually as part of the budget­setting process against risk, contractual obligations and likely future income streams and expenditure. ## **Pay policy for staff and trustees** The Board members, who are the trustees and directors of the British Occupational Hygiene Society, give their time freely and no remuneration was given to any director of the Society within the year. Details of the director’s expenses and related party transactions are disclosed within the accounts. The pay of staff is reviewed annually and may be increased, based on a benchmarking process against increases in national average earnings, local labour market costs for specialist skills as well as inflation indices. ## **Fundraising disclosures** The charity does not carry out significant fundraising activities that require disclosure under the Charities Act 2011. ## **Financial instruments** ## _**Objectives and policies**_ The Charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the Charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The Charity does not use derivative financial instruments for speculative purposes. ## _**Cash flow risk**_ The Charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The Charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. Page 8 ## **The British Occupational Hygiene Society** ## **Trustees' Report** ## _**Credit risk**_ The Charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The Charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit­ratings assigned by international credit­rating agencies. The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. ## _**Liquidity risk**_ In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Charity uses a mixture of long­term and short­term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. ## **Third party indemnity** p **rovisions** The British Occupational Hygiene Society (The Society) maintains qualifying liability insurance for its trustees. ## **Statement of trustees' responsibilities** The trustees (who are also the directors of The British Occupational Hygiene Society for the purposes of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 9 ## **The British Occupational Hygiene Society** ## **Trustees' Report** The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **Disclosure of information to auditor** Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the Charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the Charity on .................... and signed on its behalf by: ......................................... Ms C Keen President Trustee Page 10 ## **The British Occupational Hygiene Society** ## **Independent Auditor's Report to the Members of The British Occupational Hygiene Society** ## **Opinion** We have audited the financial statements of The British Occupational Hygiene Society (the 'Charity') for the year ended 31 December 2022, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP ­ FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the Charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, 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 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 responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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. Page 11 ## **The British Occupational Hygiene Society** ## **Independent Auditor's Report to the Members of The British Occupational Hygiene Society** In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinion on other matter prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Trustees' Report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of our knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Statement of trustees' responsibilities (set out on page 9 and 10), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor responsibilities for the audit of the financial statements** 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. Page 12 ## **The British Occupational Hygiene Society** ## **Independent Auditor's Report to the Members of The British Occupational Hygiene Society** ## **Extent to which the audit was capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non­compliance 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: - We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience through discussion with the Officers and other management (as required by auditing standards) - We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items. - Except for any known or possible non­compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers. - We communicated identified relevant laws and regulations to the business throughout our audit team and remained vigilant to any indications of non­compliance throughout the audit. - We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of operation. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that 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, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non­compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Charity’s internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Page 13 ## **The British Occupational Hygiene Society** ## **Independent Auditor's Report to the Members of The British Occupational Hygiene Society** - Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or 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. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Charity to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the Charity audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. ...................................... Mr Neil Coupland FCA (Senior Statutory Auditor) For and on behalf of RWB CA Limited, Statutory Auditor Northgate House North Gate New Basford Nottingham NG7 7BQ Date:............................. Page 14 ## **The British Occupational Hygiene Society** ## **Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |||**Unrestricted**||||| |---|---|---|---|---|---|---| |||||**Total**||**Total**| |||**General**||**2022**||**2021**| ||**Note**|**£**||**£**||**£**| |**Income and Endowments from:**||||||| |Donations and legacies|3|10,500||10,500||2,762| |Charitable activities|4|1,417,457||1,417,457||1,298,125| |Investment income||­||­||575| |Other income||­||­||4,064| |Total Income||1,427,957||1,427,957||1,305,526| |**Expenditure on:**||||||| |Charitable activities|5, 6|~~(1,586,517)~~||(1,586,517)||(1,276,070)| |Total Expenditure||(1,586,517)||(1,586,517)||(1,276,070)| |Gains/losses on investment assets||(45,475)||(45,475)||103,838| |Net (expenditure)/income||(204,035)||(204,035)||133,294| |Net movement in funds||(204,035)||(204,035)||133,294| |**Reconciliation of funds**||||||| |Total funds brought forward||1,504,779||1,504,779||1,371,485| |Total funds carried forward|21|1,300,744||1,300,744||1,504,779| All of the Charity's activities derive from continuing operations during the above two periods. The notes on pages 18 to 34 form an integral part of these financial statements. Page 15 ## **The British Occupational Hygiene Society** ## **(Registration number: RC000858) Balance Sheet as at 31 December 2022** |||**2022**||**2021**| |---|---|---|---|---| ||**Note**|**£**||**£**| |**Fixed assets**||||| |Tangible assets|12|702,152||561,613| |Investments|13|402,423||537,898| |||1,104,575||1,099,511| |**Current assets**||||| |Stocks|14|13,722||8,435| |Debtors|15|262,857||275,364| |Cash at bank and in hand|16|108,015||342,945| |||384,594||626,744| |**Creditors: Amounts falling due within one year**|17|(188,425)||(221,476)| |**Net current assets**||196,169||405,268| |**Net assets**||1,300,744||1,504,779| |||||| |**Funds of the Charity:**||||| |**Unrestricted income funds**||||| |Unrestricted funds||1,300,744||1,504,779| |**Total funds**|21|1,300,744||1,504,779| The financial statements on pages 15 to 34 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: ......................................... Ms C Keen President Trustee The notes on pages 18 to 34 form an integral part of these financial statements. Page 16 ## **The British Occupational Hygiene Society** ## **Statement of Cash Flows for the Year Ended 31 December 2022** |||**2022**||**2021**| |---|---|---|---|---| ||**Note**|**£**||**£**| |**Cash flows from operating activities**||||| |Net cash (expenditure)/income||(204,035)||133,294| |**Adjustments to cash flows from non­cash items**||||| |Depreciation||49,363||40,758| |Investment income||­||(575)| |Revaluation of investments||45,475||(103,837)| |||94,838||(63,654)| |||(109,197)||69,640| |**Working capital adjustments**||||| |(Increase)/decrease in stocks|14|(5,287)||7,200| |Decrease in debtors|15|12,507||38,002| |(Decrease)/increase in creditors|17|(2,461)||35,741| |Decrease in deferred income||(30,590)||(147,897)| |Net cash flows from operating activities||(135,028)||2,686| |**Cash flows from investing activities**||||| |Interest receivable and similar income||­||575| |Purchase of tangible fixed assets|12|(189,902)||(5,903)| |Sale of investments||90,000||300,000| |Net cash flows from investing activities||(99,902)||294,672| |Net (decrease)/increase in cash and cash equivalents||(234,930)||297,358| |Cash and cash equivalents at 1 January||342,945||45,587| |Cash and cash equivalents at 31 December||108,015||342,945| All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 18 to 34 form an integral part of these financial statements. Page 17 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **1 Charity status** The Charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation. The address of its registered office is: 5/6 Melbourne Business Court Millennium Way Pride Park Derby DE24 8LZ ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** 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)) (issued in October 2019) ­ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** The British Occupational Hygiene Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity. ## **Income and endowments** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. ## _**Donations and legacies**_ Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period. Page 18 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## _**Grants receivable**_ Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## _**Deferred income**_ Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when: ­ The donor specifies that the grant or donation must only be used in future accounting periods; or ­ The donor has imposed conditions which must be met before the charity has unconditional entitlement. Income received in respect of future events is recognised when the event substantially occurs. Subscription income is recognised over the period of time to which the subscription relates. ## _**Investment income**_ Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. ## **Government grants** Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Page 19 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **Taxation** The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £500 or more are initially recorded at cost. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: |**Asset class**|**Depreciation method and rate**| |---|---| |Office furniture|20% straight line| |Office equipment|33% straight line| |Computer software|20% straight line| |Freehold property|Straight line method over 50 years| ## **Fixed asset investments** Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. ## **Stock** Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first­in, first­out (FIFO). ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables. Page 20 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short­term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non­current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Borrowings** Interest­bearing borrowings are initially recorded at fair value, net of transaction costs. Interest­bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the Charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 21 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **Foreign exchange** Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non­controlling interests as appropriate). Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for: 1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above); 2) exchange differences arising on gains or losses on non­monetary items which are recognised in other comprehensive income; and 3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the Charity. ## **Pensions and other post retirement obligations** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities. Page 22 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 23 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## _**Debt instruments**_ Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment. ## _**Investments**_ Investments in non­convertible preference shares and non­puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 24 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## _**Derivative financial instruments**_ The Charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The Charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. ## **3 Income from donations and legacies** ||**Unrestricted**||| |---|---|---|---| ||**funds**||**Total**| ||**General**||**2022**| ||**£**||**£**| |Donations and legacies;|||| |Donations|2,500||2,500| |Grants, including capital grants;|||| |Government grants|8,000||8,000| ||10,500||10,500| ||||| ||**Unrestricted**||| ||**funds**||**Total**| ||**General**||**2021**| ||**£**||**£**| |Grants, including capital grants;|||| |Government grants|2,762||2,762| ||2,762||2,762| ||||| Page 25 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **4 Income from charitable activities** ||**Unrestricted**||||| |---|---|---|---|---|---| ||**funds**||**Total**||**Total**| ||**General**||**2022**||**2021**| ||**£**||**£**||**£**| |Examinations|742,160||742,160||670,775| |Membership services|154,678||154,678||142,251| |Conferences and events|193,923||193,923||141,687| |Publications|274,462||274,462||267,282| |Schemes and services|52,334||52,334||74,630| |Governance & Sponsorship|­||­||1,500| ||1,417,557||1,417,557||1,298,125| ||||||| Page 26 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **5 Expenditure on charitable activities** ||**Unrestricted**||| |---|---|---|---| ||**funds**||**Total**| ||**General**||**2022**| ||**£**||**£**| |Examinations|488,404||488,404| |Membership services|157,257||157,257| |Conferences and events|228,463||228,463| |Publications|63,882||63,882| |Schemes and services|50,960||50,960| |Head office|282,274||282,274| |Marketing and communications|76,057||76,057| |Leadership|87,971||87,971| ||1,435,268||1,435,268| ||||| ||**Unrestricted**||| ||**funds**||**Total**| ||**General**||**2021**| ||**£**||**£**| |Examinations|404,366||404,366| |Membership services|153,336||153,336| |Conferences and events|136,054||136,054| |Publications|62,927||62,927| |Schemes and services|69,209||69,209| |Head office|189,324||189,324| |Marketing and communications|73,411||73,411| |Leadership|34,083||34,083| ||1,122,710||1,122,710| ||||| In addition to the expenditure analysed above, there are also governance costs of £151,249 (2021 ­ £153,360) which relate directly to charitable activities. See note 6 for further details. Page 27 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **6 Analysis of governance and support costs** ## **Governance costs** ||**Unrestricted**||| |---|---|---|---| ||**funds**||**Total**| ||**General**||**2022**| ||**£**||**£**| |Staff costs|||| |Wages and salaries|114,650||114,650| |Social security costs|12,675||12,675| |Pension costs|5,304||5,304| |Audit fees|||| |Audit of the financial statements|3,550||3,550| |Other fees paid to auditors|1,700||1,700| |Council Meeting expenses|13,370||13,370| ||151,249||151,249| ||||| ||**Unrestricted**||| ||**funds**||**Total**| ||**General**||**2021**| ||**£**||**£**| |Staff costs|||| |Wages and salaries|121,872||121,872| |Social security costs|12,370||12,370| |Pension costs|5,825||5,825| |Audit fees|||| |Audit of the financial statements|3,100||3,100| |Other fees paid to auditors|2,180||2,180| |Council Meeting expenses|8,013||8,013| ||153,360||153,360| ||||| Page 28 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **7 Net incoming/outgoing resources** Net (outgoing)/incoming resources for the year include: |Net (outgoing)/incoming resources for the year include:|||| |---|---|---|---| ||**2022**||**2021**| ||**£**||**£**| |Operating leases ­ other assets|2,434||3,450| |Audit fees|3,550||3,100| |Depreciation of fixed assets|49,364||40,758| ## **8 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the Charity during the year. No trustees have received any other benefits from the charity during the year. 8 Trustees received reimbursement of expenses amounting to £4,603 in the current year, (2021 ­ 7 Trustees ­ £2,805). ## **9 Staff costs** The aggregate payroll costs were as follows: |The aggregate payroll costs were as follows:|||| |---|---|---|---| ||**2022**||**2021**| ||**£**||**£**| |**Staff costs during the year were:**|||| |Wages and salaries|613,679||568,794| |Social security costs|52,344||46,083| |Pension costs|28,127||28,231| |Other staff costs|10,455||9,004| ||704,605||652,112| ||||| The monthly average number of persons (including senior management / leadership team) employed by the Charity during the year expressed as full time equivalents was as follows: |Charity during the year expressed as full time equivalents was as follows:|||| |---|---|---|---| ||**2022**||**2021**| ||**No**||**No**| |Charitable|17||18| |Management|2||3| ||19||21| ||||| The number of employees whose emoluments fell within the following bands was: |||**2022**|||**2021**|| |---|---|---|---|---|---|---| |||**No**|||**No**|| |£70,001|­ £80,000||1|||1| Page 29 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** The total employee benefits of the key management personnel of the Charity were £144,121 (2021 ­ £165,741). ## **10 Auditors' remuneration** ||**2022**||**2021**| |---|---|---|---| ||**£**||**£**| |Audit of the financial statements|3,550||3,100| |**Other fees to auditors**|||| |All other assurance services|1,700||2,180| ||||| ## **11 Taxation** The Charity is a registered charity and is therefore exempt from taxation. ## **12 Tangible fixed assets** |**12 Tangible fixed assets**|||||||| |---|---|---|---|---|---|---|---| ||**Land and**||**Furniture and**||**Other tangible**||| ||**buildings**||**equipment**||**fixed asset**||**Total**| ||**£**||**£**||**£**||**£**| |**Cost**|||||||| |At 1 January 2022|488,106||57,099||315,983||861,188| |Additions|132,482||57,420||­||189,902| |Disposals|­||(42,396)||(40,336)||(82,732)| |At 31 December 2022|620,588||72,123||275,647||968,358| |**Depreciation**|||||||| |At 1 January 2022|8,424||48,354||242,797||299,575| |Charge for the year|10,141||14,054||25,168||49,363| |Eliminated on disposals|­||(42,396)||(40,336)||(82,732)| |At 31 December 2022|18,565||20,012||227,629||266,206| |**Net book value**|||||||| |At 31 December 2022|602,023||52,111||48,018||702,152| ||||||||| |At 31 December 2021|479,682||8,745||73,186||561,613| ||||||||| Included within the net book value of land and buildings above is £602,023 (2021 ­ £479,682) in respect of freehold land and buildings and £Nil (2021 ­ £Nil) in respect of leaseholds. Page 30 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **13 Fixed asset investments** |||**2022**||||**2021**|| |---|---|---|---|---|---|---|---| |||**£**||||**£**|| |Other investments||402,423||||537,898|| ||||||||| |**Other investments**|||||||| |||**Listed**|||||| |||**investments**||||**Total**|| |||**£**||||**£**|| |**Cost or Valuation**|||||||| |At 1 January 2022||537,898||||537,898|| |Revaluation||(45,475)||||(45,475)|| |Disposals||(90,000)||||(90,000)|| |At 31 December 2022||402,423||||402,423|| |**Net book value**|||||||| |At 31 December 2022||402,423||||402,423|| ||||||||| |At 31 December 2021||537,898||||537,898|| ||||||||| The market value of the listed investments at 31 December 2022 was £402,423 (2021 ­ £537,898). ## The investment is in CCLA Charities Investment Fund ## **14 Stock** ||**2022**||**2021**| |---|---|---|---| ||**£**||**£**| |Stocks|13,722||8,435| ||||| |**15 Debtors**|||| ||**2022**||**2021**| ||**£**||**£**| |Trade debtors|147,243||123,103| |Prepayments|115,614||152,261| ||262,857||275,364| ||||| |**16 Cash and cash equivalents**|||| ||**2022**||**2021**| ||**£**||**£**| |Cash at bank|108,015||342,945| ||||| Page 31 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **17 Creditors: amounts falling due within one year** ||**2022**||**2021**| |---|---|---|---| ||**£**||**£**| |Trade creditors|108,213||118,313| |Other taxation and social security|10,650||14,309| |Accruals|40,197||28,899| |Deferred income|29,365||59,955| ||188,425||221,476| ||||| ||**2022**||**2021**| ||**£**||**£**| |Deferred income at 1 January 2022|25,263||207,852| |Resources deferred in the period|(16,520)||(25,263)| |Amounts released from previous periods|(25,263)||(207,852)| |Deferred income at year end|(16,520)||(25,263)| ## **18 Obligations under leases and hire purchase contracts** ## **Operating lease commitments** Total future minimum lease payments under non­cancellable operating leases are as follows: ||**2022**||**2021**| |---|---|---|---| ||**£**||**£**| |**Other**|||| |Within one year|2,528||1,738| |Between one and five years|3,484||1,483| ||6,012||3,221| ||||| ## **19 Pension and other schemes** ## **Defined contribution pension scheme** The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Charity to the scheme and amounted to £28,127 (2021 ­ £28,231). ## **20 Commitments** ## **Capital commitments** The total amount contracted for but not provided in the financial statements was £Nil (2021 ­ £186,550). Page 32 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **21 Funds** ||||||||||**Balance at**| |---|---|---|---|---|---|---|---|---|---| ||**Balance at 1**||||||**Other**||**31**| ||**January**||**Incoming**||**Resources**||**recognised**||**December**| ||**2022**||**resources**||**expended**||**gains/(losses)**||**2022**| ||**£**||**£**||**£**||**£**||**£**| |**Unrestricted**|||||||||| |General|1,504,779||1,427,957||(1,586,517)||(45,475)||1,300,744| ||||||||||**Balance at**| ||**Balance at 1**||||||**Other**||**31**| ||**January**||**Incoming**||**Resources**||**recognised**||**December**| ||**2021**||**resources**||**expended**||**gains/(losses)**||**2021**| ||**£**||**£**||**£**||**£**||**£**| |**Unrestricted funds**|||||||||| |General|1,371,485||1,305,526||(1,276,070)||103,838||1,504,779| Page 33 ## **The British Occupational Hygiene Society** ## **Notes to the Financial Statements for the Year Ended 31 December 2022** ## **22 Analysis of net assets between funds** ||**Unrestricted**||**Total funds at**| |---|---|---|---| ||**funds**||**31 December**| ||**General**||**2022**| ||**£**||**£**| |Tangible fixed assets|702,152||702,152| |Fixed asset investments|402,423||402,423| |Current assets|384,594||384,594| |Current liabilities|(188,425)||(188,425)| |Total net assets|1,300,744||1,300,744| ||||| ||**Unrestricted**||**Total funds at**| ||**funds**||**31 December**| ||**General**||**2021**| ||**£**||**£**| |Tangible fixed assets|561,613||561,613| |Fixed asset investments|537,898||537,898| |Current assets|626,744||626,744| |Current liabilities|(221,476)||(221,476)| |Total net assets|1,504,779||1,504,779| ||||| ## **23 Analysis of net funds** ||||||**At 31**| |---|---|---|---|---|---| ||**At 1 January**||**Financing cash**||**December**| ||**2022**||**flows**||**2022**| ||**£**||**£**||**£**| |Cash at bank and in hand|342,945||(234,930)||108,015| |Net debt|342,945||(234,930)||108,015| ## **24 Related party transactions** Certain Trustees of the British Occupational Hygiene Society also have relationships with other organisations with whom the Charity interacts. These transactions are summarised as follows: During the year two (2021 ­ three) companies were charged £31,460 (2021: £29,837) for courses, training provider services and listings. £3,060 (2021: £1,614) was owing to the charity at the year end and is included within debtors. During the year two (2021 ­ two) companies charged the charity £243 (2021: £350) for consultancy, examiners and markers fees. Page 34