Humane Slaughter Association Report and Financial Statements Year ended 31 March 2021 Charity no: 1159690 Charitable Incorporated Organisation (Registered in England) The Humane Slaughter A5￿￿latIOn IRegl$teTrd In England Ch•ity No. 11S96901 Profe$¥or R S Ande￿n BVMS PhD MRCVS Professor P M Biggs CBE DSC DVM FRCP*h FSB FRS FRCVS L Brown M8E BVSC BA PhD FS8 MBA FRCVS Professor P H Holmes 08E. BINS. PhD. FRCVS. FRSE B R Howard BINS PhD MRCVS Professor J E T Jones PhD MRCVS FRCPath J H Pratt BVM&S DVSM FRCVS G D Sales BS¢ PhD AKC MSB DipTCDHE Chalmian: A G SIbYr￿ts BVMS Msc MRCVS 1 2 3 Vlce4hairman: Honorary Treasurer. Radfc￿d OBE LLB I C McC￿n BSCACA I ) S Abeyesinghe Bsc Msc PhD. PGCertEd. FHEA Professor R M Bennett Bsc Msc PhD 1 2 J Downe5 BVSC MRCVS A Enticknap PhD7 Professor A Nolan OBE MVB DpECVA OipECVPT DVA MRCVS B North MBA Msc PhD 1 (to 21.09.20201 A cl$$￿ Msc PhD3 D PTitch¥d Bsc Bvetmed MPH MRCVS 2 D R Sargan MA PhD 23 l Firbance Panel Member 2 Fundrai5Nry Panel Member J Grant p￿81 Menthr Staff Hw G*e 8Sc Pho Jane Nfyjomian Charles W Mason FWD Mlnslm AIUgS Birte Ni815en Bsc Msc PhD {from 21.09.2020) JwJe Spence Bsc (Honsl Msc AMRSB Susan Bsc Msc PhD Tracey Woods kflPR Sarnarrtha Grrfr Wendy L Gooth*wi Tina LangfNd Chlef ExecutSve & Sclentlfic Dlrector. SKretsry: Technlcal Dlrector. Sonior Sci•ntific Proyramme Manag•r. Technlcal Officgr: Technlcal Offi¢er: FundralsinglCommunkatlon$ Manager. Office Staff: Reglstered Audltors UHY Hacker Young {&*ll Ltd, The Nexus BuiFrfmg, Broadway. Letchworth Garden Cty. Herts, SG6 9BL Bankers HSBC Bank pk. 31 Clwuer Stree( StAbans. Herts, AL14YN Solk6tors LLP. 16 Old Ba*, London, EC4M 7EG 11150ns. SuThrnlc¢k Approach. Salisbury, Wiltshire. SP2 7RJ Investment Advlsers Smith & Investsnent Managers. 25 Moorg*, London EC2V SNS Offices The Okl 5th0￿, Brewhouse Hill. Wheathampstead. Herts AL4 8AN Tel: +4qO)1582 831919 Fax: +441011582 831414 Ema'l: info@hsa.org.uk wvm.hs TRUSTEES REPORT AKD ACCOUNTS Objects The obi8Cts of the Assockillon are l.To p￿rnote the 1￿m￿ne bpathient of animats of a fype mmaty kepl an a￿￿tural ptMKW4 aTrt such other aThmals as Ihe twslees may dgcKfe. (a) during Éransp (bj in lair8g8.' (¢) at Ma￿et orotherwise wh￿e beiro oireredf￿s￿8,. ( (dj at Ihe tima oforal any dlwstage in the slaughter ￿k￿￿p￿reSS. 2.To lurth8r th8 wBvenion thlsuffenng of ￿￿TraI5 n Il* *Mer&KI kkng prrtess and inwrove th￿r welfare by." (aj seeking to inlmduc8 Trfomyd." (bj Pmmoling improved Moth￿¥$ aftdpixkns.. (c) Provrfhng advKe, training. 8dUCatK￿,. (d) Undertaking orstipporting resea￿h,. (ej such oth8rrn8tl￿ as th8 Iwslees a&Yee fimlljerlhis puw. Ihhere the foll￿1n9 wards the fOlkn￿ng rn8anings: AgrIcul￿ra1 purpos• An animal bred. kept. or klled k)r the prC(l￿1￿ rrffcmxl. wool (* sk*) Of other lamiing purposes. At the time of slaughter or kllllng Th8 period b8lwe8n the animal arriving al the prerThses where it is to be kiled and the lime of death. IhThere the aninal is not removed to a particular pr￿lSe$ for the purpose of being kiled. relevant period shal be from the time that preparations to kill the anwnal are ¢c￿￿n9n¢ed and the twne of death. Market A market place or Sa￿yard or any other premises or plxeto wum* are br￿￿1 from clher places and exposed fvr sale arml inC￿deS any lairage adicining a market. Slaughter or kllllng The killing of an anunal by any means and in any cwcumstarw. Tran5POrt The conveyance of an anwnal bywhatevermeans. whetherforc(xrffiewl orother PLWP05e. and induding the collection, handling, driving. loading and unloa(ling of the animal. Organ15atlon The Humane Slaughter Associakn￿ (HSA) i8 a challa￿ 1rKorpOr￿ OryJanisation (No 1159690), registered by the Charity Commission on 18 December 2014, wh￿h merged on the 1 April 2016 with HL¥nane Slaughter A$$¢xialion and Council of Justice to Animals {HSA and CJAI registered charty (No. 209%31. The merger was registered wilh the Charity CL¥nmis5ion on 24 November 2016 and the charity No. 209563 wa5 sub¥equ8nty di5501ved. The Constitution dated 18 December 2014 forms tha Association'5 goveming drtumenL Tiuslee$lM'p of the HSA is vested in the mmbws of Ihe C￿nCil of the Univers￿e$ Federdtion for Animal Weware (UFAW. UFAW is a conne¢led chafity (RegistratM)n Nurrthr 207￿}, wh￿h wrth the HSA Joint￿ owns the premises from which bolh chaiities operat8. The Council usudty meets on three ￿ I￿r days each year and a Finance Pan81 and a Grant Panel other meetings as 18quir8d. The Chief ExecutivelScientifK Director {CEtsD) has (Nerall respon5ibi&ty ID the Trustees for the managemenl of the organisalion in execution ol the Trustee5' poIKie5. The Secretary is responsible lo the Trustees. through the Chief ExecutNe, for financial and a(Iminislr*Ne mattets delegated ty the Trustees; the Technical Director is les￿sible lo the CEISD the ofthe Technical Offws. Investment Poweys and Pollcy The Trustees are empowered lo ￿¥8$1 monies not immodi*ty requwed forthe Association's pu￿05eS as they think f The Trust8es enga3e Smith & Wilianson Investrnent ManagewEnt (the Irath"ng name of NCL Investments Ltd) lo nage the investrnenl portlolio. The polw i5tO PW5ue a mediwn risk investment51rategy based on maxunising incLKne whilst preswing the value of inve51menl5. A list ofTru5tee$ who $eNed during the yw ended 31 March 2021 15 ai pag8 1. Statement of Trust•es' R•sponslbllltl•s The Trustees reSP(￿s1b18 kn PreP￿ing thaT￿￿t8@s.AnnUa1 ReFKXt and th8 financial statements in accordarKe wilh applicabk law and regulattyM. The law applicable lo ¢harities #i England and Wlales re￿￿ the Trustees io yepare financid statements for each financial year in accordance with United Kingdom Gene￿I￿ACCepted AccoLWrtirwJ Practice (United Kingdom Accounting Standards and applicable IWN). The Twstees must not apwove the ffiancial slalement unles5 they are satisfied that they gwe a true and fair ￿eW of the stale of affars of the chaity and of tre inwiir¥J resource5 and applicatk?n of resources including the income and expend*we, of the charity for thal per*)d. In preparing these financial slatemenls. the Tru51ee5 are reqwed lo.. al select suitsble accounling Fdicies appky thwn cortststenity: b) djserve the methods and princi)les in the Chariiies SORP: cl make judgem8rbts and accounting estimates t￿1 are reasonable and pnmle slate whether •pl￿ts1e UK Accounting Stand¥d5 have been fc4lwed. sUb￿t to ary malaial departu disdosed and explained in the financial StateM￿ts. e) prepare the financial statements on the goirvJ bask8 unfess it is in¥propriate lo presume that the charty wil co1￿"nue lo opwale. The Trustees are responsible f¢x kee￿ng SUffi￿ent accounimg rn¢0￿$ that disclose with reasonable accurary al any time the financial position of the charity aNi enablethem to ensure that the fmancial st*ments comF4ywith the Charities Act 2011. the Charty (Accounts and Reports) Regula￿n5 2008 and provision of the Co￿trt￿tion. They are also responsibLg for safeguarding the assels of the ch¥ity and hen￿ for laking reascfflth steps for the prevention aThl detection of fraud and other irregularities. In so ft* as the Trustees ¥e wate: there is Tr) relevant audlt infomiatlon olwhich the charftys auditor is wthvare., and the Trustee5 have laken all reason*le sleps that tw ought to have taken lo make them5elve$ awart of any rele¥￿t a￿111 inlom*tion and to estabksh that the is aware of that •iformaliDn. The Tmslees are reSponS￿lIe for the maintenartt and integrty of Ihe chaiity finarKial infom)aiion incI￿jed on the charty'5 website. Legislation in the United KIngd￿n governi￿ the weparalyjn arKI dis5emin*ion offinan¢lal statements fflay differfrom legislation in otherjurisdKl•)ns. R15k Management The Trustees are committed to effective rffjk M￿ageMent asan inlegral part ofenS￿ng govemance and lo enable the charity to identify. review and rnanage ￿tertaInty and maiorthreats in a syslematie effectNe and efficient way. The structure of the charities risk docLYnenl is in IN￿ wilh Chaiity Ccrfnmis5ion's thxumenl "CharIt￿S and Risk Managemenl". The Chief ExecutNe. with the support ofttr* Seni¢y Management Team, ￿￿nItOrS e¥temal developments that may impact upon Ihe organisation. and revithvs any rttessary chan9es to the fisk document at regular meeting& The Trustees conSKI8￿ the risk document at e￿h of their meetings. The charity has ident￿ed the folowing key iisk *eas: Fundraising pr(tJlems ￿ClUdIng loo kmf profife. Unhearthy *endence on p¥1￿U￿r ir*come sources. InsLfftient irKon* lea(kng to erosM)n of reser¥ES. These and other identified risks are detailed in the risk fegthr, whth scLYes risks acconling lo the impact and likelhoth of the risk and describes P￿n5 and controls that are in plare ta miligate risks. ￿pecI to the risks identified above, the chanty has a fundraising strategy and ￿lI)n-[dan. The chwity is h￿hlY dependent on legacies. but strives lo maintain div8r5ty in income streams, and r85eN85 are maintaned to woNide a bufiw against short and k>ryer-term fluctuations. The imp&t of the COVID.19 p8fidem￿ has been cknsety rrmitored by the SenKJr Marwment Team {SMT) and Trustees sin¢e February 2020. The pandemr has impacted Ihe Chwity in many of(wrkw rtsk a￿89 and the risk wister has been reviewed and updated ¥i-Itght of this, and any f￿le resurge Key impacts of the pandemic have ir￿lL￿ded or Tw in future.. Reduced investment income (due lo reduct¥￿$ in shwe Va￿￿$ wxl kn5s of dNthnd in¢cTh). Reduced legacy *%cthe (due lo red￿n5 in legxy Yalue. beLause of reduced in￿lmeTht p(xtfolio values). Reduced voluntary income due to rEduCtK￿ in (kposable income5. Compelitson fwfvnding from charities whth directy address the par•JerrK. Reduced wacty to wthrtake key suth as factrto face Meet¥￿5 and ccfflfererKes. Currentty lunded research woiects have bew SL*'ecled todelays due lo reStr￿ted acces5 to resea￿ facilitiP5 etc. All major grant recipients have been contacted n￿51 extensh)ns agreed Whe￿ necessary. Stsff continue to monitor impacis on HSA Mitigatv)ns SMT are revtewing the funthaising Strtegy and aclNely wivestigativj ways to diversfy and increase income. Investment manag￿5 have adjusled investments lo miNnise the •npact d the pandemK on inve5trnent retums. chariiies have rapidty adapted lo worting from hcffie. Many whKh V*tybJ have p￿Vio￿lY l*en place fac&lo-face have been successfvlly smtched lo onkne evenls. The reseNes poI￿Y ha$ ljeen rev*wed of the parmrfem￿. The Charity has substantial reswves and continues lo reman salvert FurK15 wll be d￿¥n a5 required to maintain our core actNities. All creditors will be paKJ in a timety manner. Tr long-tern reser¥e5 policy will be revkw￿d in the near future to better reflect our long.temi stTrtegy Ethlcal InYestm8nt Pollcy The Trustees perThSicalty revie* the polw regarding ethKal aspecls of inveStff￿. The pdicy 15 not to invest ' companies whose actNilies conflict with the obj.ecis of the Assock3tion. This is ffKJnitored as closety as p055ible, and details ofall holdings managed by Ihe A¥soCia￿￿'s stockbrokers are circulated at each Trustees. meeting. Additionalty. at each meeting new investments are listed with a br￿1 descrpIi￿ of lh8 (Yganwbon. Trustee Inductlon The Truslee r•Juct*?n covws the hislory of ￿ clk7nty, ft5 (*¥'ects WKI c￿stitlrtlI)n. g)vemarKe and management. ownership of the premises, membership, financial pos11K￿ and arraryements, cuffenl actI￿lieS and Truste￿, roles and r8sponsibilitt8s. This is offered to all r￿W T￿￿ee Trustees, Report Th8 HSA. fourKted in 1911. 15 th8 an￿ registered charity Co￿rni￿ed solely lo the Welfa￿ of ￿lmalS in marke15, during Iransport and lo the Foint of slaughter. It seeks to xhieve Is obiectNes by a positrve. practical approach and by maintaining a dose working ￿latIor￿hlp with those responsl)le for the slaughter. marketing and transport ol live51ock Abattoir work inv(4ve¥ thè d#mnstratM)n of hwnane siunning moth(th. pr(XI￿lI0n of 1r*lrucl￿nal material. development of new equipment and a¢fvising ￿ stunning and slaughter matters. Livestock ma￿etS are visited lo monf(or welfare condiiions. The Association gives scient(K arKI lechnKal advic8 to government departments and industry and sponsor5 research PlDjecls and offers awads for aninal welfare advances wthhin ils objectr¥es. The Univ8rsits8s Federalion ts Animal ￿l￿e IUFAW) and HSA ￿?￿ty The Old School premises al Whealhampslead. UFAWS {an incorporated body) Council members are a150 the Trustees of HSA la ch￿ilablE Incorporated Organisation). Th8 Old School p￿mISeS held In woportK*n of % HSA: % UFAW. The Truslees ¢￿tinue lo carry out the aims of HSA ￿ Ihe public benefft within the d8ffinition ofth8 charity'5 objects arKi the Charity Commission's guidance on charity Trustees. public benefft duties. As Ilustrated by this Report the Tru51ees have complied wlh the￿duty lo have due rewd lo the gui&YKe on pubk benef* PL*li5hed by the Charity Commission in exercising their powers or duties. Strategy. Akns. Objectlves and Actlvltles A thorough revwi of HSA strategy was completed wi t1￿ 2014115 yw. The Trustees wiew and further develop this, as appropriate, annually. An Inlervn strategy vra5 adopted in February 2021 ahead of a planned comprehensive review of the strategy for the forthcoming years. Speufic otiieclives are sel. and agreed by the Truslees. prior lo the start of each year. Progress w¢th these ¢￿'ectiveS and W￿ti other &tivrties is closely Mc￿￿t¢￿ed as the year pr*>Jresses, both a monthly staff rneetings and by th8 Ttuste8s at Iheir meelings. The HSA'S aCt5￿tieS a￿ outlined each year in the illustrated Annud Report. which is diStri￿ted to all mer￿. A fffw ol the charty'5 major initiatives a￿ listed belw. Grants and Awards The HSA makes grants for scientif￿ resewch and other KINihes whKh furtlw the hum•* tre*ment of fve5tock animals during marketing, transwt, slaughi8r and kthing for disease control. In 2018 the HSA awarded £99,667 as part of a jcint •Y•d with the UK Departrnnl Environm8nt and Rural Affairs (Defta) lo Or OcKcthy McKeegan of Glas9￿* University to invesiyale wtlether Almospheric Pressure Stunning IWS) could be a ThK)re humane ahematNe to high cOn￿tratIon carbon db)xide for the comme￿Ial stunning ol pig5. The project was completed in May 2020 a final report prepared is expxted to be made PLthJlic in 2021. The project showed that LAPS is unlikety to te a humane repla¢emerl for carbon dioxide. Ithilsl we had hoped to demonstrate that LAPS would impfove the weltare of pigs * slaught8r the demonstration thal it is r#)t allows future research lo befocussed on mre promi￿n9 altematives. We are gr*elul lo Dr McKeegan and cOl￿gUeS for undertaking this im￿an1 and challengirvj resewth •KI to Defra for wilh the HS4 to jointly fund the Study. The HSA has continued ils support of two Research Trnining Scholarshlps ￿rded wi 2015 which supported proiecls investigating humane Slaught￿ IthKIL*S1&3dng lo the award of a PhD.: Awal Fuseini {UnNeNty of Bristol. UK) - 'Development aKI prxtical implemenlatK)n of Single Pulse UATa-High Current {SPUC) slunniThJ for humane and Halal ccrylant slaughter of cattk.. This proiEci is nearty finished with Awal hawng passed hi5 PhD viva in October 2019.. further experimenlal i5 tewwj done in Europe to complete the project obieclNe5. This has been delayed becatse of COMLL19. Carlos Rebelo {Royal Veterinary Colkge. UK) - 'st￿ to improve the electrical stunning of turkeys, ducks arml geese for 5mall-5cale producers. A request was reCeI￿d to drop thg w*erfowl element of this project, albrhving the us ol the project to b8 on turkey$. The unused funds used to focus wort with ducks and geese caffled out outside ofthe PhD project. The F>roied ha5a re4ry58d valueof£93.935 and is expected to conchjdeat the beginniThJ of 2022. The HSA offers occaS￿al Spqcial Travel Awanls to afAM researc￿ to travel and undertak8 studi85 or other activities that may kad lo signfftant de¥elopnEnls in the humane treatment of animals during marketing, Iransport or 51aughler. Listed belthv are the aw¥ds th* ha¥e been grlen. and is continuvwJ. In 2017-2018 a Special Travel Award for £7.805 was made to Troy Gibson (Royal Veterinary Colegel lo enable collaboration be￿een the RVC and Brazilkan institubons ￿g￿ding the welf*e of animals at slaughter. This proieGt 15 expected lo end in 2021. The 201&2019 Special Travel Award for £5.560 wa5 awarded to Claye Vlhite {Bristol UnNerstyl to travel lo New Zealand to investigate the system used there lo provi(le wsswance that animals slaughtered for the prcduct•Jn of Halal meat are reversib￿ stunned. The use of such a polent• racoverable slun 15 considered by many Muslims lo be acceptable. Claire is investKJatirwJ the 'Nvw ZealarKf moder to see rf it coukl be adopted in the UK. The project is expecte(I lo be completed by Juty 2021. A Studen1￿r￿nee Seholarship of £2.400 was wwarded in 2020 to Samuel Pearce. an undergraduate student from the univer￿ of Bristol for a prosect entitied'An invesligation irth the handlin9 and transpOrt*iC￿ of UK famied deerf. Events In NDvember 2020. in conjunction with the Univers*￿$ Feder*ion for Anwnal WelFare IUFAW> and the Swiss Federal Food Safety and Velerinary Ofte IFSVOI we Ofganised a hvtrday semirw on tr￿manelY Ending th8 Lif8 of Animals whKh discussed recent advances in methLx15 the euthanask3 or slaughter of fann and laboralw animals. Over 600 people regi%lered lo attend this meetwig. RegistrthThwa5 free and HSA'5 C05tsfororganising the meeling V￿re covered by the FSVO During 2020Q1 despite the pandenwc HSA 18chnical staff have continued to provide advice. consuKatw)n$ arKI training via virtual events. The registration and attendance at these events have been I8￿r than they would have been had we had a more traditional c￿nCe. Sm of these e￿n(S are li51ed bd(MT The China BiodNersty ￿Sa￿atIon and Green Development Foundation conference 'Challenges ofAnim81 ProlectKJn and Wdfare in the context of the COVID-19 pandemK- lectLTr on prepar8dness for emergency kill￿g during a disease outbreak. This was seen by over 31.0(N) atteThJees. Lectures lo velerinary st4Klents al L￿erpL￿￿ Un• a￿1 CarTknidge UnNeisdy. •¥J to Msc students at the UnNer5itie5 of Edinburgh and Stirfing. Caplive-boll training for Yortshre Dawy Goats staff. W8 a150 managed to hold some face•knfxe trainll￿ events during the yearmthen rest￿l￿)n$ pemiilted. including.. British QuaKty Pigs (Bapi - ￿r￿ryer￿ slwjglrter training. Poultry Slaughler- trawling couw for s8asonaUsm*scth pouliry producer& Yorkshire Dairy GoBts- emergew kllirvJ- we of¢apti￿￿ dev￿85. Over the Summer the HSA staff usualy attend several agrrullwal shows in England and Wales. As well as having a Vi5ibla presence, these events provwje i)pportunthes lo wKJage with i)dustry. smalknolders, the fanning community and public. Unfortunately. all events were cancelkd due to pandemK. However, we were delighted that the Scottish Smallholder Festival arranged a Mrtual sen￿ar￿agAN￿ne axl wwe inbited to advice on sma114cae humane slaughter of p¢￿ttry. In Juty 2017, the HSA was successfvl in teing *war(led two genero￿ grants from the American oTganisation Open Philanthropy lo support HSA worf( lo prrynole humane slaughter in China and to fund scientik resexh to improve the weWare of finfish. cephalopods cnjstaceans at the tine CA slwhter. Work continued during thi8 year to plan a prDgramme of lectures in China. the impact coiijtk19 had on China and now the r85t of the wjrtd. the planned visits have been put on hold, and we are Icoking al alemative ways lo deliver the kclures. The HSA ha5 continued to make transL4lions of key material into Chinese arKI ¢Jther lawuages and has prov¥Jed these for free dry￿nI?ad from rts website lo broaden the HSA'S intemabond impxl The HSA inv*ed applKation$ for the second grant to be used 10fv￿1 ¥esearth the awn ofimproving welFwe offinfish Ifarrmdl, deupod cruslaceans andlorcoknll cephah)pods. In Octcthr 2019, the follThvirvJ grants were wwarded to.. £721.580 was awarded to Ac&Aquatec Ltd and stilw￿ Uni¥ers*y for a St￿ lo demonstrnte. valldale & fa¢ilitate market uptake of an ￿-Water eledrical stunning system for a range of farmed finfish spe¢ies which currentty lack a welmialidated set of stunniro parw)*ters. Specie5 tobe studied inclLKle Nile tilapia, Pangasius, gillhead sea bream and yellrh¥lail. They wll aso exarine the potential of a novel type of electrical stunning. SPUC (single pulse ult￿1￿9h currenll. fty further f*h welfare at Slo￿Jh1er. £710.082 was awwded lo Giovanna Ponte frrxn the Associati￿ for Cephalcpod Research {Itatyl to kad a consortium of 12 institul•)ns which will e¥anN￿ the use ot humane slaughter techniques to slun cephalopod molluscs loclopus, squid and cuttlefish). The team ¥AI lest eleelrical and mechantsl methods which could potentiamy b8 used to humanely stun th858 spe￿. £500,000 wa5 awarded lo Bj'om Roth at Nofma NS INoNrny} in collaborat#?n with the Instlule of Marine Research and Optimaf AS for a project that aims to develop and validate equipment for electrical stunning and killing of cormneruaty important species of CTab5 and th51￿5 of the northern Atlant￿. Despite the problems being c•Js&l by the pandemK, 8N 3 wqecls IA¥e made wogress in this financial year. In PAarth 2019. the HSA was successful in bw •l￿ded a furthergrart 01 £200,Ot)O lo r￿d a scoping 8xerci88 k*JkNig al the complexitie5 in the developmenl of nvjre humane melhc4Js of killing wikj-caughl fish. In Jun? 2020 we awarded a grant of £169,989 lo Or Randall, Oirector of the cent￿ for Evidenc&Based Agriculture at Harper Adams Unwersity lo carry oul a global systematic revivw wrto humane captUTe and 51aughler of ftsh caught on a CDmmercial scalg in the thl for foc19 paTrdem Thi5 resuW in a not g￿n on the unre5trict8d fund5 of £1.096.316 year. th8 year 2019r20 result•J in a Ios5 01 £586,427. Totsl c￿dItorS on the unrestrKled funds th*with#i one year shNed a de¢￿Se¢f £104.375. beiThJ £40,978 cc¥npared lo the previous year1£145,353. 2019r201. DeS￿l￿ted Fund5 total c￿￿1015 a￿ £1.701.494. dvthich £668,T16 *e d￿ within 1 year. The cost of the Assocknqtion's pLqnned achvit¢es for 2021r2022 ts estunat&4 al £682.769. Total income for the year 2021122 15 estimated al £418.552 and thi5 include5 a projected legacy incom8 of £243.662. and investment income of £96.399. The Trustees are satisfied that the finarKial pJslx¥i of tt* charity is sound. Fundralslng The HSA rarse5 ftmd5 to 514lWJrt Is charrtableavn5 by seekllvJ and appe* through a(fvertisements, press releases and publw,. and by applications to trusts. The charity 15 regulated by the Charty Commi55ion and UK law. HSA 15 a memberof the Institute of Fundraising and foll(yws Code of Fundrahsing PrxtKe. which helps lo ensure that organisation5 raisirwj rnoney for charity froTn ihe pubk do 50 and propwty. The HSA drjes not Use a profess￿nal fundrarser or have ￿Y cornial partner5 aThl (kn85 not use lelephong marketing. The HSA respects the privacy aKI prefere￿ of alt cl* Iloe5 noi pa55 any infomalion it receives lo tlmrd partie5. C¢Walnts The HSA aims lo reSp(￿d to requ8sts to ceasecontxl orto corn￿ and wll act as best we can to •Ydfess their causes. The HSA has not received any cunplainls in Ihis ￿. Grant Maklng Pollcy The HSA makes awwds lo supwt research. ed￿a￿n81 dher prqecls in pursuit of is c*iectives. Applications are judged in relation to their benefit for animal weffare. valu8 f(w n￿ney, other m8rit5 also in relation to other applicatK)ns received in the same time frame. Applica1￿5 for prciect and several other kinds of awards are made using specific applicalKJn for￿ and wejudged by the Gran15 Panel or by staff gNen authority to do so. The prwess of prqec15 whose duratw)n exceeds a year is ￿nit￿ed ttwwgh ￿Ual rep￿ts. 11 is our policy that al grants should be r8cognised as credlors as sc#Jn as tlw are agreed and cornmunicalad lo the grantee, irrespectiveofthe pellod overwhKh they arepayable. Grant c&rffiitments made Ic*Jay may not be completely satisfied unbl all paymerts have been made. Therefore. cash payrrents made in any one year could include amounts Telaling to grdnls awwded in prior years. Our cash and portfolo ts held lo help the charity meet those longer-temi oblgations. Reserves The reseryes poly is monito￿d and revie*Ed each year as part of the process of planrbing Ihe budget for the forthcoming financid year. When planning and budgeting for Is actwities the Humane SlaughlerAssociation considers the tevel of ￿selveS held to strike a baianee between the ¢(%￿InUing deveknprnent of its servw. the need for prudenl management ol working asset5 and co￿0trnentS while prov￿￿19 kn cortin9pncw. The impact of the COVID-19 pandanic cffi the charlies reswles and alxlty ch*ity io carry out some of its activities is being closely fflonrt￿ed. Over the 5 years 50% of ch*'s income has come from legacies and from investrnant incom8. The remainder is made up of donabons arKi $Lthcriplions 1PA. and d￿rItab￿ &livities 5%. The charity's r81iance on a￿1 uryediclabl8 *cy IncC￿ ha5 b88n idgniffi8d as a ii5k. The av8rage annual care costs over the last 5 years have been £445,988. The ayn is to ￿(d reserves sufficienl to generate investment income of between 50% and 75% of the annual core costs. sustswiing key furKlions and actNities. includ￿9 the funding of long-tem) projects. The chariVs Un￿litted reseNes (the value after dedL￿tiftg fixed assets) at the end of 2020121 ara £4.9m. 12019r20 £4.Oml. To meet the 50-75% largel the reserves wouly need to be belwean £11.1 million and £16.7 million. The strategy is to build up reseThes grndudty by wudent inveslmenl praclices, careful planning, and Iwjhl financial corbtrol. However. in the coming year we may be reqwed to use reserves lo continue with planrbed activitie5. The Twsle8s r8cogni¥e the to increase the tharity'5 memknhrp WKI generate irkcofrn from Charitab￿ acttvlie5. In 2015116 the fundraising aNI communicatsons stralegy revierted. Measurns have been pul in place to raise the charity profile and make the most ol advertisirNIf￿r8isinS opportunib'es. Budgets are set each year. considering income received in the Prov￿U5 year, estimated ￿COme in the forthcoming year. and the demands of Current and planned programmes of *fyyk, S￿h a5 to. as fw as possible. ¢ontinL* lo expand the charity's activities whilst striving also to ensure that suffThnt reseples Vlil be ￿k1 in the fLrture. In September 2020 we were del'ghted to be joined by Or Birte Nlelsen as our n•v Assistant SrienlrfK Dir8Ctar. It has been a strange start for Birte. as she has rrrt)st of first 9 wothing from hom, with no face40-face contacts with her colkagues. In March 2020, in conyliance with government gutdelines we ck>sed the offKe arKI staff W0￿ed from hom8. We canlinued fegular'coffee breaks. in ow ne•¥ Virtual wodd. whKh kept us all feeling connected. To all our staff wa record our gratitude fortheir dedral￿n and efforts lo improve the wetkre of animals desllned for the food chain, we are extremdy gr*fvl lo the staff for Continu1￿ lowork tirelessty tIE tharity in drffiCU￿ circumstan￿. We v81ue diversty and are committed to equaffity of cwc*lunths. We Undets1￿ the of an inchjsive approach arbj racogni58 th8 impact that different P8rspectives briThJ to the work w8 do. Remuneratlon Pollcy The charity 15 committed io ensurng that staff are paKI f* in a way 8nsur8s the chaiity •ttract5 and retsin5 the right skills to have the greatest inpxi in ddivering (yJr Ch￿rtab￿ obieclNe& The Remuner*ion Ctynmittee fty the rjwity is the FirwKe pa￿1. whKh me* annualy. in a Closed session. The Chief Ex8cuty'v8 attends the meeling to (*scus¥ the *aff s*rw. Tr Chief Executr49 15 nol pres8ntwhen th8 committee discusse5 the Chief Executive's salary. The rna￿ responsbilitie5 of the Remuneralion Cor￿th are to: Revivw the salary of air staff against the Unwersibes and C￿lege5 Empl¢)yers As5ociatic￿ IUCEAI pay scabes. ￿ widependenl benchmarking tool,. Determine the remuneration package of the Chief Executive.. Approve cost of livry increments on the basis af those agreed by the UCEA: Approve any consolidated pay awards and staff saay increases outs#le ofthe annual review pr(xess.' Approve any rK￿￿onS01h1aIed pay awards (kx>nu5).' and lo determine ￿5￿Jn arrange￿Is. One member of staff was pawj rn0￿ than £60.000 in this yeaf 202(kQ1. No Trusl8e rec8iv8d r8munaratKJn. The Truslees are satisfied that the financial po%t*)n of the Ass¢Kiation is sound and that, gNen prudwt budgeling. a￿j adequate resources exist the CIO will be a￿e to see the planned prc*Jramme of woth executed. A G Shnmon5 BVMS Msc MRCVS cha1rn￿n ofthe HSA 21 Juty 2021 Independent AudRors' Report to the Membw5 of The Humane SlaughterAssoclatlon For the Year Endlng 31 March 2021 Oplnlon We have audited the fmanaal statements ofHumane SPaughterAsso¢ialin lthe'charity'l for Ihe year ended 31 March 2021 wh￿h comprise the statement of financral activilEs. the balance 5h88t, th8 Statement of cash Ilows and the notes to the financial 5talem8nts. including a summary of signfftant accounting pclicies. The financial reporting Iramewo that has been applied in ther preparation is applrAble law aTrJ United KI￿dc￿ Accounting Standard$. including Financial Reporting Standard 102 The Financial ReptytiThJ Slarwjard aFVI￿able in the UK and Republic of Ireland (Untsd Kingdom Generally Accepted AccountiThJ PrnctKe}. In our opinion, the financial statements-. ve a Ink and fair view ot the s￿e of the char*able as at 31 March 2021 and of its incoming resources application of resources, for Ihe year then endad. have been wopwty prepared wi accollla￿e wth United ￿ngdr￿n Generally Accepted Accounting Practice,. have been prepared in accordan￿ w*h the requrerronts of the Crynies Acl 20¢%. Basls for oplnlon We conducted our aud* in accLYdance wlh Intemalional Startsds on Audiling (UK) IISAS {UK)l and applicablg law. Our responsibilth'es under those standards a￿ further described in the Audrtorfs resJ)onsibilities for the audit ol the financtal statamenls section of our report. We are iftde￿dent olthe charity in aCCord￿ce wrth the ethul requirEmerts that are relevant to our athyil of the accounts in the UK, including the FRC'S Ethical Standard. and we have fUlf￿led our other ethical responsibilities in accordance wlh these requirements. We beheve that auclii evid8nce we have obtained ¢ suffioent a￿1 appfopriate to a basis wnion. Concluslons relatlng to golng concern We have nothing lo report in respect of the follwThJ mattws in re￿K￿ lo which the ISAS IUKI require us to report to you where.. the trustees. use of the g(xng concem ba515 of acC￿￿11g in the pwral#)n of financial statements is not appropriate", or the trustee5 have not dis¢losed in the financial statements any Ident￿ material uncertainli85 that may east signifjcanl doubl about the charity'5 abi&ty to conknnue lo adopt the goirvj ccfflcem basis of accounting for period of at least iwdve months from the date kn the fin￿￿la1 sL7temenls are authorised for issue. other Inlonnatlon The trustees are respons*i18 for the other infDrmatM)n. The other infoffnat#)n comprise5 the information included in the annual report. other than the financial statements and ￿r auditorfs report thereon. Our opinK*n on the financial $talements doe5 not cover the other infomial*)n and do not express ￿Y lorm of assuran¢e concltssion Ihereon. In c¢xnection wilh our audit of the ffinanc￿ statgmuts, our re5F￿S￿li1ty 15 to read the other inf￿rnatIon aTKI. in dowig so. consider whether the other infomiation 15 materi*ty ￿c￿sIstenI wrth the financial stalemenls. or our knwledge obtained wi the audit or olhemse appears lo be malerialty nMsstat8d. If we wjenlfy such material inconsistencies or apparent material misstatements. we *e required lo ￿eleM￿e whetherthere 15 a materkal mi5s1atement in the financial slalements or a malerHI mi5slatement of the other informatwjn. If, based on the woth we have perfomed, we conclL#le Ihal there 15 è material misstalemenl of this other infomali(M. ￿ are requi￿1 lo report that fact. We have nothry to fepryt in this regard. Matter5 on which we required to report by excepllon We have nothing to oport in ￿sPeCt of the folkiwin9 mattws in rekknn to wh￿h the Charit￿ (Accounts and RepNtsI Regulations 2008 require us to repryt to you rf, n our op￿1)n. the information grrfen in the financial slalemenls is inconsi5tenl li any maleiial respect with the trustees, report or sufficient accounting records have nol ljeen kept. or the finanual slataments are not in agreemenl ¥￿th the xcwttir#J r￿ordS. or we have not receNed all the intormalvM and exp1W￿lS ￿ require ts wr audiL Respon$ibiliti8s of tru5te•5 As explained more fulty in Ihe ststemenl of trLtstees' respon&knillies. the tntslees. are a150 the diractor5 of the chanty for the purpose of company law. are respons￿& for the preparatK￿ of the financial statements and for being satisf*d that they give atrue fair YAW. and forS￿h intemal conlrot as the ITusle8s delern￿e is necessary to enale the preparation of ffinancial s¢aleman15 that a￿ free from m*erb81 mlsstaten￿rt whether due lo fraud or error. In preparlry the financial ststemls. the trustees as¥essing th8 charity'5 abi&ty lo continue as going Concern, dtsdosing, a5 applThble. matters related lo goryig concem and using the going concem basis of accounting unles5 the Iruslees erther Wit￿ to fiquwjate the thariable ccffipany ￿ to cease ¢ip8ralions. or ha￿ no realisl¢c aliemative but lo do so. Audltorfs responsibllitles for th? audlt ofthe Ilnanclal slatements We have been appointed as auditor uThJer secl*)n 144 oflhe cha￿e5 Acl 2011 rewt in acc(xdanc8 Wtth the Act and relevant regulathxs made or hawng effact thereunder. Our objeclives are to obtain reasonable asswance ab￿ whelh8r th8 financial statements are free from material rrisslatemenl, whether due to fraud or ew. and to issue an a￿110￿5 report that includes our opinion. R8asonab18 assurance is a high level of assuranc8 but is not a guarantee that an audit conducted in aCCord￿ce with ISAS (UK) wil *￿vaYS delect a material misstat￿nent when it exists. Mi55talements ￿ arise from fra￿j or error aThd are considered material rf, indNidualty or in the aggyegate, they could reasonabty be expected to inflUer￿e the economic decisions of 8r5 taken on the basi4 of these f•)anaal statem￿. Irregularities. i￿luding fr￿d, are instsnces of non-￿￿￿liance *tyth la￿ and regulathjns. We design procedures In line with our responsibilities. outlned above. to detect fflalerial misststemenls in iespd of irregulartlies. inclu(ling fraud. The exlenl lo whkh txjr procedures are capable ol detectMvJ irregularities. Ind￿￿9 fraud, is detailed beknw. A lurther desuiption olour responsibillties for the a￿11* crfth8 financial st*em8nis is located on the Financial Reporting counc￿,5 website al: http'.lA￿￿.fvc.0rY.UkJ￿MIilDrSreSpj￿s1)kn$. Thi5 de5cWion fOffl￿ pwt of our auditofs repDrL IrVegularhl￿ Includlng Fraud Based on our understanding of the Charity and the industy in whKh it opwales, wè klÈnlified that the wincipal risks of non- compliartt with laws and regulations relaied lo the acts by Ihe thaiity. whith were rontrary lo applicab19 laws arkd regulation5 including fraud. and we consklere¢J the exlenl lo whith r￿Co￿￿1ncè rn1￿1 have a material effeEI on Ihe ffinanaal $lalement5. We also conSide￿d Ihose lav•s and regulat#yis Ihal have a direct impact on tho preparathon of Ihe financi slalemenls such as the Charities Acl 2011. We evaluated managemenfs ￿ntiVEs and opportunilies for fraudulenl manipulation ofthe ffinanci81 slalements [irdii*ng Ihe risk of0¥eni(￿ ofcontrd5). and dele￿llIned lh* the prkncipal risks were related lo inffiated revenue recowilion and nel irK(wnE the year. Audii procedures perfomled indLvJed." reviw of $L*m￿l ¢ffiseknsures lo underfyin9 $￿pOrtIng d0￿Men18t50n. review ofcorre5pondence with and feports to the wulators. erwul￿5 of management, and testing ofjouma15 and evaluating whelher Ihere was emide￿e olbias by the Trustees that represented a risk ol material misstalemenl due lo fraud. There are Inhe￿nI limllabons In the audrt procedwes deS￿bed alKJve aThJ thE fwther removed non-compliance with laws and regulalions is from the events and tr￿s8¢t￿7ns rellected wi the ffinancia stalements. th8 18ss Ihkely we would become aware of il. Also. the risk of nol delecting a malerial misstslemenl due lo fraud is higher Ihan thè risk of not detecting one resulting fvom error, as fraud may im+olve deliberate concealm8nt by. for exampl8, I￿gery rA ￿t￿lIOnaI misrepresen1a￿on5. OT through collusion Use ol OUT roport This report is made solely lu the charity's truslees, as a bc41y, in acccvdancewilh part 4ofthe Charities (Accounts and Reports) Regulations 21]08. I￿r audil work has been undetsken so that we might stale to the th*ity's tru51ee5 those matters we a quired lo stalg lo them in an awlitor5' report and lor no other purpose. To the ftllesl extent ￿MillIed by law. we do not accept or assume ffjsponslbility lo arryl￿ olhef than the tharity and the charity's trustees as a body. for our audil WLKk. lor this rep￿, w tor the opiThons we have fomHI 21 September 2021 Shana MLmday FCA {Senlor SL*utffy Athlltor) for and on behalf of UHY Hacker Young (Eastl Llmlt•d Chartered Accountants ststutory Audlior PO Box501 The Nexus Building Brothay Lelchworth Garden Cty Herts SG6 9BL UHY Hacker Young {Eastl Umlted Is ellglble for appointment as audltor of the charfty by vlrtue of Its •llglblllty for appolntment as auditor of a company under secllon 1212 of the Companios Act 2006. Totsl 2020 $7282 4,173 312545 4.173 312.515 374.LYII 1.596 61785 374.WQ PutliCSMn $￿e$ l•#urtf••ts 1.9ZZ S.J21 1J97 7243 7243 27 148 IZ4112 1.$91 13.99) 100.514 114J07 24 652 123 314 147.966 111916 323979 51.rn 51.71? 1,7ZI 44212 5374D 2.173 91 236 165 15.79D 2326 {IlQ.1U) {2.Q019on 27.4 97.11$ 43.179 4&179 081.805 {1•0,11BJ 4.563.222 sriJ3 5.4012ZS 7 92ZOQ8 HIMAANE SLAUGIITER ASSOCIATroH IRE&STERED CHARITY NO 11596901 B*IANCE SHEET FOR YEAR ENOEO 31 IWKH 2021 Ilnmlrfct•d 0•slgnatod Fund• Tlic of Ireland" I"FRS 102.1. "Accounling and Reportiry by Charities" the Statement of Recommended Practice forcharities apptyirvj FRS 102. the CThry)anies Act 2006 Charities and Truste8 Investment (Scotlandl Act 21135, the Chafities Accounts (Scotlandl RegU￿A￿S 2006 la5 rnded). and UK Generdlly Accepted Ac￿untIng Prxti¢e a$ it applies from 1 J8nuary 2015. The Charity meets the definitKJn of a publ￿ beneft enlty under FRS 102. Th8 financial statements are pr4)ared ￿ stediTrJ. is the fwK¢￿naI CLfftrry of the charity. Monetary amounts in these finarKial 5tatery*nts we rounded io the nearest L The financial stalemenls have been prep¥ed und8r th8 historical c05t convention as modif¢ed by the revaluath)n of certain f￿8d asse15. with the exceplYJn of investw*nts, w￿h are iicluded at Ma￿et value. Assets and liabillies are initialty recognBed at ¢ost ortransth vaiue unless othepwise stated in the relevant accounting poI￿Y notels). The Humane Slaughter Ass0¢i*i￿￿JA Icharity No 209563) nwged wlh ￿ HuThHne Slaughter Ass¢xi8tion CIO (Charity No 11596901, on 1 April 2016. as ajreed at the General Meeting held on 14th Oct¢Jber 201 S. All the a55e15 and liabilities were tr￿sferred lo the CIO. In preparing the financial stalement the Twslees have cons*Jered whether in apptying the xcOun￿g policies required by FRS 102 and the Charitres SORP FRS102. lh8 fEStatement of c¢xryarative iterrts was required. After due consideration. it was concluded thal no resIat￿￿￿t ot the comparatives was reqU￿ed. The prinEipal accoLmtiry polries adopted are set rnrt bebx. Golng Concern The financial stalement has be￿ ￿ePa￿d on a 9)ing corKem basi5. In ￿vIl9 at this conclusion, the Truslees have t*en into acccwnt any malerial uncertainties that may aff￿1 the charity'5 ability to continue as a going concern. The pe11￿1 covered by this a55e5sment is at a nynwnum level 12 monlhs frNn the date of the 4>provaE ofthe acc(wJnts. b. Charitable FuDds Unrestricied fund5 are available for use at the dwetK)n of the In￿tee$ in the fvrtherarKe of their charrtable objectNe5 unless the fvnds have ￿ designated for other purposes. c. Incomlng ResoU￿e$ All incoming resources we ￿(￿jnted for on an acwal basis when the charity 15 entiled to the come and the ￿naunt can be quantif*d with ￿sOnable accurxy. excepi those *acies where the final value cannot be determined in advance. d. Resources Expended All expenditure is included C￿ an accnw15 bas￿ and is recognised when there 15 a legal or ¢onstructNe obligatti?n lo pay for expendhure. ￿ere ¢osl$ cannot be attribulabFe to particular headings, they have been allocated lo aclivthes on a basKs consistent with use of the resources. Premises overheads have been ￿lOCated on a fioor *ea basts arKI other overhexls have been althated on the basis of a head counL The charty B not registered ftJrVAT and acc(xdingty exp8nditure 15 5h(rhTn gross of ￿ecoVerable VAT. Fundrnlslng Fundraising costs are Ihose incurred in saeking vofvJntary contributions and do rw)t include costs of disseminaliig information in supportof the charitable adivrtie5. Support costs &e those incurred directty in supwi of expenditure on the objects of the charly. Management a￿1 *Jmini$tralion costs are those incurred in ¢(￿neC110n WTth a(kninislratK)n of the charity ar￿ cory)hancewiih constitutional and statutory requirements. 14 f. Grant Expendlture Grants are r&cgnised as fxeditors as 9X￿ as they are agreed and c¢mmurt￿ated lo the grantee, irrespectwe of th8 P8riod 0¥8f wtruch payab18. Grart commrf1r￿S made tixlay rnay not be ccfflplelety sati5ffed until al payments have been mwje. g. Tanglble Flxed Assets and Deprnclallon Tangib18 fix8d assets are caFMtalis*l takiry into account both the costs1£2501 and the nature of the expendituie. Depreciatic￿ is provided on all taryble fixed assets al rates c*ulated lo write off the cost on a slraighl-line basis w their expected uselul econDmic live5 as follows: freEhold land nil. freehokl buildiig 2.5% general olfice equipw*rt 15% compulers & other 20%. The freehold buikiing and land were revdued in A￿uSt 2019. giving a value Of£2[￿.667 for HSA'S 113 sh*e of the fweAnises. h. Fixed asset Investments Fixed asset investrnent aTP measured al transactK>n prKe. Inveslments are Stated at market value at the balan¢e sheet dale. Realised and unrealised gains and losses on ￿ves￿mentS are deall with in the Statements of Fina￿131 Ad1v#￿. In¥estrrnnl *icryne pbjs associated lax recovarable is crediteil to income on an accrual basis. Stocks stocks ol iterns such as books aTrY ￿ we wriiten off al purchase because a high percentage dispjsed of free of charge. Cash and ¢a$h equivalents Cash and cash equiwalents include cash in hand, depDsIs hekl at cal with bank, 01￿1 lerrn liquid i)vestsnenls with (xijinal maturities of three months or ￿5. k. Debtors Trade and other debtors are rec(>Jnise(i al the settlement amount due after any trade d￿oUTrt offered. Prepayments we vaued al tr￿ amount prep*ed nel of any trade discounts due. Crndilor5 and provislons Creditors and provisions are recogntsed wherethe chaf*y has a present obligats.on resuking from a past event and will prob*ty resuk in the transfer of fund5 to settle the oblgalKJn. Credit¢xs and provis￿% are nom)ally recognised al ther setmement am￿nI after alh7wmg for any trade discounts due. m. Employee Beneflts The c05t ofany unused hoIKlayenlillem￿ 15 ￿nISed in the por￿￿ in which the employee's services are recepied. n. Penslon Costs The HSA does not operate an i)ccupattonal pension scheme. The Charity contributes 8% of pensionable salary lo HM Revenue & Cust￿5 q)prove(I perswal pension ￿￿8$. The charity uses independent financial advi￿￿ to monitor the Chw's pension provider upon their recommendation, for all future empknyees tr￿n December 2012. the FriEnds Life Stakeholder Pension Scheme has been replaced wilh the Aegon Group PeTronal PenS￿n ScheryE operated through Scottt5h Equrtable. Staff engaged pri¢y lo 1 April 2LK11 (the datg the g0￿ment I￿roduCed sfakeholder pensio￿) may determine th￿r personal pensmm ￿mIer. o. Key Managefflenl Petsonnel The key management personnel of the thwity conyise of the Chief Executive and Scientific Director, and the Chaty Secret￿. The tdal amount of empkiyee benBfft5 {including eThyloyer pension onlributions) received by key for ther seryKes to the charrty was £44,609 (2020.. £47.3271. Is HifvIANE SLAUGHTER AsSOC￿T￿ IREG15TERÉD CHARifY NO 11596901 NOTES FORMING PART OFTHE FIIANCklL STATEIENTS FI￿ YEAR ENDED 31 Ilarch 2021 20 2021 UN•strJ¢l•d Dgslgnatod 2021 2020 Total Funds Totsl Fmds Costs ￿9*r￿1•¢In0 l￿d&. FurKITri￿n￿ & publKlyros15 Invèsbn•Tht managerfient Legacy fe 23,586 27.371 B16 28,182 26,728 27,371 816 S￿ntsfie & lethnical stsff ¢)xts Pthic•tions Ft•s & èxpooses Grnnt SVCF. Wad Foh Pwoi¢(I Grant SVCF. Farmed F￿h Prop Other tharit8blE prr4vcts eJyer*Ji￿1* Awarts 193.11Q 193.110 197,633 4,788 8,307 1,931.668 4.421 4,421 165.989 165.989 11.105 17.880 2.400 18001 18fy)1 2.4QO Dorothy S&lbyMemorialAwanl Dep￿*8￿￿n Au(thlf¢e L4al & PrOfeS￿f￿1 rees Administr*¥• st4ff p)sts offi￿ o)5ts 4.355 4.3S5 1.281 48,454 24.968 5.154 3.900 15.79J 47.218 42.4DJ 24.968 5.154 Deprea3￿￿ 15.790 Siaff Costs Sala￿¥ 2ZI.181 10.871 10.729 15. 2J6,971 10,871 10.729 258.5T1 231992 11.700 10.593 Sooal 5•tsJi PEnsi0rn5 • *mpby•e ho5 Rcei¥ed errWoY￿*nt benefts rNwlabove £f4],OtKI 1201gr2020- one). This aWoyEe IEM ￿*0 the £80.LIXI. £70,Tr)O brathl The aveTayE mmbero1eryk*J￿ Was" scler￿fican￿l8ChTrh￿l Managemnt 16 IRÉGISTEAED CFLARITY NO 11S%901 I*)IESFORI•IG PARfoF IKANAIICKSTA7&IEN7S F(N9 VEAA EIUD 31 llwehYA1 Imrtffj F&qdA•••ts 2020 At142ffJO 761 781 At 313 2D21 27. 23S.709 234.94e at 1.42020 21.ni 1.710 25.129 S.1SI Chayfor 120.8311 25 129 At 3t 3.1021 T4441 Il•tBoDkValu•*t31A 201213 Al 01 12 1997 140.(#XI 77.875 fulliey A131321 01.319 611 2021 202 Markel 14.xl 037.407 92a.139 1840,0311 157,9161 4 EQ6 221 1.17S 852 11.071.79n (313001 L•55(15pos* at LK<&tAu• BB1 gjs JI J21 .50Z UK 2.980.310 I.￿.161 4.949.SDI 2 SI3.￿$ Tuta in¥ll5knEnlB Hiskwittctatit 31.3 21 3.748.Q42 3661075 Fix•J m*r•5tSe￿rt•y Equity5h•r 698.918 1779.378 308.336 193.678 1900.340 847.524 1 229.12S J65.091 Fwwj Tatsl D•btorn lthg (kMf*lthln om y 2020 57.761 13 502 4.249 17.751 13,502 4.249 17.751 81.738 Crndttorn 14llmg 21.077 66a.776 6.470 6Cé,713 .336 6.47a 13.423 7¢9.754 tTr.220 628.2$9 4Q97J 666.n6 17 IREGISTERED CHARITY NO 11590901 NOTES FORPaNG P•ATOF TrE FJNAIICIAL STATEMENTS M at 31 *rGh 2021 {Gonrdi 2021 2020 Crndllorj lalllng duo aft•r than y••r Tw3de L¥8drtDf5 duewitr¥4 1.031718 1.031714 ￿718 1.032.718 1.448.747 1.448.747 BIl•n￿ •t 1 AP￿ 2020 Galns In tl• Los805 kn th• at 31 M•r21 10 UnwMtrl*d fund un￿stri*￿e1 Fw*ls SP3nated F￿d$ 4.563.22Z 1.419.243 322.927 5,659.538 65B,816 6.318.353 11 Funds Total ZO21 2020 lknreuknjed Flmts Delgn*ed Furyjs 20S.426 4.949.502 504.610 5.659A3 658.115 6 318 353 4.563.222 839.003 TnJst••s pothet expenses pald lo the Tn￿1885 (2019r20. £592 to7 Tn*51 13 Ind•mnky InJuranc• eryknyees. The cosl olthE paky co4v#12018119 tws£2.438. kn201912W20 th• oxi ¢1 Ihe poliGy co¥EramuunW ts £2.319 14 Confiaet•d charlty The Tw$l¢eship. fjntknJwvJ the sclB aThJ ertlt ol•* HSA operty. b ¥ested in the perso￿. thj m￿nbEl5. bEry, oflhe Counc4 of the Lkni¥er5diBS Fedtrttion forAwial WeNare IUFAWI ac￿ ￿ aCU)rdar￿ wilh their IWUBI prot•dw•. Tre charity shares cérkKI slaff. preffw5es aTrJ lacl*es iFAW. (Kwirq yegro)sts 01£118,7281201W2020. £136.188I dwged to Slww AssociatiE*). 16 R•valuaUon ollan¥bl• Ilxed a880ts The mostwznl v*uabon ofHS4's Share olTr* l)d Yllwlwryslead of £206.667 cafT*J out by Jew H¢M B5c FR￿ D"p.Pkn ofw & Th"anorwJ. ChBrte¥ed s￿>¥r5. * open mwkel vlue poJJew al 14 08 2019. (Previou5 valuatiDll *•5 cani•d on 05.1Z12 al a mwket af E2tsJ,OC4)1 HWNE SLAUGHTER ASSOCIATION IReGISTEREO CHARfTY NO 115%901 NOTES FORIII4G PART OF TrE FINANe￿ STATEMEPITS u at 31 hlarch 2021 leonvdl Not• 16 Rocondllatlon ofts M•t (l￿￿0{￿y1￿cuffl1ng R•*oyrw to N•t Cash Infiowl(thUlow) from Operatlng AcllvlllMI 2020 Net InC￿1n91 loutyJ(MrwJl resowces Profft on disposal Off￿•￿ assets inbesl 916,128 {2.S19.7631 197,1151 143,1791 Gain on revaluat¥Jn of and trtityjrys Interest re¢wed 127.4981 1147,9861 3.862 1114,5071 5,154 Dep￿¥allOn th¥rges Unrnallsed Igainsyks5es on ¥Ne5bn 18B1,9051 641.489 IlnmaseyDecrea5e in debtcrfs IOeLYeaseVln¢ffj￿ in 43.987 13.938 N•t cw¥h Infiowl(ouffiowl Iworn oy#Ung *eO¥ll 17 Anal￿￿ of Ca•h Flow¥ loi H•adhy MDtt•d th th• Caah Flow Slatwn•nt 2021 2D20 Return• on Inwkn•nl• and ••r¥l¢kng offinance Inknst re¢•fftd 14 Net ¢a•h Inllow lor r•tums on kn¥esbMntr and ••Thkkng of C•pltsl ?%￿ndItu1￿ and Ilnanclal In¥•slmen¢ pu￿h459 oftawJ*Ae assets Purchase of fix¢d assat inlRslmer Sale oftangble fixed as5¢ts Sal• offixed a55e¢ invesMrts 1761) 1870,2211 43,179 13,3361 (1.144,4721 97,115 Not Cash (oufflaw)thllow fdrcapitsl •xp•ndliurn and fln•nclwl Inv•slrn•nl 18 Analysls olChange# In Caih and Cash Eqth•l•nts At 1.4.20 Cash fi At31.321 N¢1 Cash.. Cash al bank 14 Tcrtal 19 NERAL DATA PROTECTION REGULATION 2018 In May 2018, the Dats Protect kt 1988 was suwseded by GCPR. In lin• wthh relevant laws. the charty ha legal obligations relating lo how it collects, SIC￿￿. uses and prctssses persC￿al infornalion. Members, ubscribets and others who have agreed to be on HSA'S regular mailing ￿51 are remiided that their nar￿ an resses are held on computer to produce address l*els. Detai15 of subscriptions and donation5 receN re also recorded wjdit wrpose$ and. wlwe paYn￿ts are made by donations or Subscriptior￿ qualifyin r tax relief, the aM￿nIS are lisled to SUFVOrt claThs recoveryof irKom taxfrom HM Revenue & Customs. Humane Slauyhter Assoclallon Tl* Old School. Brewhouse Hill. I1¥1￿￿an￿$t8ad. Herts. AL4 8AN Tel. +4410)1582 831919 Fat +44{0)1582 831414 Email." Info hsa or uk wm¥ hsa or uk Registered in ErylarKI Chanty No. 1159690 Charta￿e Incorpor81ed Organisation