The Human Resour￿ Professlonals Charitable Trust Annual report ond financlzl statements Fortheyear ended 31 December 2021 Charliy ReBlStraDon Number 1183708 The Human Resource Professlonals Charltable Trust Contents Page Reference and admlnisifaiive information Tr￿Ste￿$. repDrt Independent examinerfs report Flnancial sraternent5 N¢te5 to the nnancial $1Olemen15 io-ii The Human Resource Profe$5ionals Charitable Trust Reference and administrative information Fortheyear ended 31 December 2021 TrusteEs Dr R I Wingfield R K*arsley J rraynar A Chandra R W Potter S Sèndhu G MOr￿Th Charity re8i5tered number 1183708 Principal offl£e 7 Bell Yèrd London ÉC2A 21R Indepe¢)deDt examlner PR Hariiey FCA PD Box 27075 london N2 OFZ The Hurnan Resource Prolesslonals Charltable Trust Trustees, report For ihe year entsed 3l Oecember 2021 The trustees p¢esent their Itporl and the financial siaternents ol The Human Resources Professionals Charitable Trust l~the Charitfl for ihe Year ended 31 December 2021. The linancial 51atemenis have been prepaied in accordance with the accountlnB policies Sel Out on pages 10-11 nd comply With the charit￿s Governlng Oocument and ihe Charltie5 Act 2011. In accordance with the provisions of sectiL)n133 of the Ch311ties Act 2011, and in line wth Charity Commission 8uldelines. thtr financial statements accompanyin8 Ifs report hève been piepared on a receipts and payments axount b3515. STRUCTURE, GOVERNANCE AND MANAGEMENT Con5tliUllon The Chariiy is a charitable incorporated organisation ICIOI. noihavinBsharecapiial andwas incorporated on 4June 2019. It operaie5 In acwrdance with a Constitution adopted on 28 May 2019. The Charity is re8￿tered with the Chariiy Commission in En8lanJ and Wale5 ènd Its reglsiraiion numbpr 1$ 1183708. The Charity pievlou51y operated. from 2016, as an unincorpDrated chailly. or￿n150tIOn mana8ement The rrusiees make the key decisions about the tonducr of the Charlty. The iru51ees Éive thelr ilrne vduntarity and do riot receive any remuneratlon for their ser￿ceS lo Ihe Charily. Theadministfafion olthe Charitywas carrledout fteuultrnent and appolnrm¢ntoltrusie•s Thetrustees have coniiol of the ChariEV in relation iothe application of funds.Tru51ees are appointed In accordance with the ChaTIty'$ 8overniThg d￿￿MeTht. All decision-makirng of the Charity is made In accordonce wilh the CharilV5 Conflict5 of Interest policy. Trustees The trustee5 of the Charltydufln8 Iheyearended 31 Oecember 20218nd up 10 the dale of approval of fhls repurt were.. A Eccles Ichair, re516ned on J Decernber 20211 N A Sqyelch Ichair, appointed on 2 December 20211 R I Wingfield (appointed on 14 February 20211 R Kear51ev J Traynar A Chandra R W Poiier S SHndhu G Mowan The Human Resource Professlonal Charltable Trust Trustees, report {¢ontinued) For the year ended 31 Oecember 2021 The trustees are responsible for thÈ8overnancEof the thailiy. theallocation ofgrant5 and the 5afekeeplnBof ils funds. Andrea Eceles wa5 appolnted Masrer of the Guild of Hum¥n Resource5 In oaober 2021 and her last me￿ing a5 Chair was 22nd September 2021. Whilst the HRpcf1s rhe charily arm of the G￿lId of Human Resources. for the Charlty to maintain Its independence, a new Chair was recruited and 3ppolnted with eMten5ive charity sector expefience. Nikkl squelch Chèifed her flisi Trustee meetin8 on 2nd December 2021. Andrea will now be an Advlsory MembÈr. 08JEcmiES ANDACTIVITIES The main objetlwes ofthe Charlly and the1ract￿lIeS ale.. To pro¥ide advèncemttht of the art and s£ience of hurnan iesoufce5 and personnel mana8ement for the publie benefii by supporiing educarioTh and tr3Ining Includin6 In methodobgie5 to promote effective workplace tultures. award1￿ prize5 for innovation ol excellence In human resource praciice and awardioq bursaries and yaTrts 10 support development In workplace culluie other a5PEttS of people mana¥emeni Lhat improve workin# IDfe5. The relief of unemployment for thE public beDefit by providing fundin8 and supporr to tharitles of community group5 SQ that S￿h grtsups are equlpped wfth the Dece5sary skn11s and tools to a551St people who art uTremployEd or seeking reontry io the workpla￿. Thechaiiiy shall Ilso furiher su£h otherpurposes ihaiarecharitable under rhe laws of England and Wales. Publlc benefit statement The irustee5 Df the Charity have given due regard 10 Ibe Charily Commission's guldance on publii benefit and have taken Teasonable 5tÈps to ensure Lhat guidance has been considered In the activities undertaken by rhe Charity io ddiver its charitable purposes. The Charity delivers 3 benefll 10 the public through the pursvance of its princlpal objects. In particular the advancement ol Education and promotion of community pèrtltspatlon. ACHIEVEMENT5AND PERFORMANCE The Human Resource profe5slonals Charitable Tru51 IHRpcfi recelved Charity Commission Registration in June ZOL9 and th15 report detèils the Charitls activities forthe second full year of operèiion as a CIO. The trustees are pleased to report that, in spiie of Covid-19, il has been a successful yEar for the Charity in terms of donation5 and our charitable 3Ctivitie5 bui that the Charity had limiie¢ opportunily for 8ranr-make durin&such a lon8 perlod of ckdown. Thai being Said. it ha5 been deli8hlful 10 SUPPOrt two organlsations who closdy a118n to our objects e13tin8 to wnptoyabllityand enhanceworkplate culluie. The Human flesourre Professlonal Charltable T¥ust Trustee5' report (continued) Fortheyeor ended 310ecember 2021 Fvndrntslnv¢￿￿fvnd5 FundraisinBcomes f¥om Several so¥r￿S.. Events lun for the ChariiableTru5t by the HR Guild with surplus proceeds donated to ourchartty. An auaion at the Charity Eveni.. Donations from ¢orporaies such aswtrkdav., GraTht-making from other organisatlons fol1th￿Thg an appficatiffi by the CharitableTrust. Unfortunately, due to Covid. the first three of these fun6raisin8 Sources were not avaIla￿e. However, the Charity was enormously pleased io re¢4ve a conslderable donation (from the Lord Mayo¢s Appeall in recognition of the equality, diverslty and inclusion work that we have been undertaking to a small number of Other or8anisations in rhe Livery woild. Our rotal lund5 recebved from 018ani5alion5 were IE30.662 + E14,000 + £1￿0 +£ IQOO + ÉILXXI + £5W + £501 E48,212. On l July 2021. the Trust was successful is securin8 Gilt Atd status. FollowiDg this. an appeal was launehed amon8sr members Df the Gulld of Human Resource Professlonals whlch ralsed £19,595. The entlre amovnt was dlglble foi 8ift akl. The closlng balance of funds held by IhE Hftpcfas at 31 December 2021 was £155.801. Grnnts mode Durin¥ 2021, because of lockdown, the Charity received only two applicatlOn5 for 8rants which met the Charitys objects. These were from.. Bock IGTant made.. E2.5001 Is a Prisoner ErnployabJlllV Charlty whlch helps those leavlnB ￿sort into em￿0vmeTrt. Wesvere delighted 10 award E2.500 lothis ChaiilyY4hlch receivedtwo levd5 of marthed fundin8. The first carne from another L4very Company who matched our donaiion 10 lift thi5 to ES.000. A Econd anonymous CharlEyrnaiched ihls a8aln and No Goin8 Ba¢k rKelved 3 iotalof EIO,OQO based on our iQLLns (Grant made." El.0￿) Is a CIC which focuses on neurodlver51ty. Thelr alm is tu help IndbwduJ15 With autism and other neuro-diverse background5 to secure emWoyment. They provide career5 ad¥ke and ITainin8 10 individuals in thls respect and educate employers on how to secure talent from thls popularion. They also help flrrn5 to understand where reasonable ￿lUstMents will enhance the retention of the Sndividual toncerned. The grant made was El.000. we have continued to support othercharitie5 to who we made8r3nts to In 2020. We promoted the Sodal mo￿11ty Award5 for MakinK ihe Leap and offered pro bono support 10 London VThlla8e Networks through thelr Power of the Hour talks with youn8 people seeklThg edvcafion and cèrttrs aO¥ke. In Marth 2021. even thou8h in fu11 lo¢kdow wedid an on-llne prornDtion of boih ch3rltle5 to HR dlrecrors iowhSch we had over 70 virtual attÈndees. TO supplement the efleclNen&ss of ourdonaiions, the Charltylolned for¢eswSth thEThe Gulld of Human REsource Professionals bmited (HR Guildl's Pro Bono Team, under IhÈ leJder5hip ofcouri Asslstant Lel Veweil and funher carried out free Iraining relating to employability. A key partDer herè is the Sea Cadets and onre ag31n the HR Guildlcharity pro￿￿e$ employability Irainln8 and asse$ses Irènsferable skills. The Human Resour¢e Professlonal Charitable Trust Trustees, report Icontlnuedl Forthe year ended 31 December 2021 FINANCIAi REVIEW Resultsforthe ¥4ar The re5ullS lor the year are shown in Ihe fifiancial siaiemenls on page 8. During the year. the Charity recer¥ed donations and income of £67,80712020'. £SS,QOQI. The Charity made 8rant5 of £3,50012020'. £4,800) and incurred 89vernance expenses of E4.77012020.. £9001- The result lor the year endeij 31 Decernber 2021 was a surplus of £59,02312020-. £57,988) and was in line wilh the tIU5Lees' expe(tation5. lieser￿S The operatln8 CQSts durlng this year were kept to a minlmum wllh mosi iask5 bein8 performed by trustees In voluntaryrapacity. The lèvel of reserve5 is monitored and reviewe¢. s at 31 December 2021 the Chèrilvs unre5trieted lunds %s*re E155.801 IZ020.. £96,7781. Thewe weieno restrided funds. Futureplans For the finanual year 2022. It is hoped that Ihe pandernic kJd(downswill now be behind us. Currently planned for 2022 are". The Charity Event irt March 2022 with an auction to which theentire proteeds go 10 the HAP￿. Wdtomlthiof any funds or dona¢ions io enhance8rant-makin8and build the resetve. More8iant-tnakinÉ iocèuses which fil our obJecr5. Thè embeddinÈ of èn Inve5tmeni strHte8y nowthai the fund5 aresignifitant. Thocharity has appointed its rirst Charity Fund Manager Irom a top reputable and FCA re8ulated firm in this field and the plan Is to relnvest ihe ieturn on investments in mtsie 8rant makin8 ca￿SeS. The trustees have voied 10 plate 75%of funds Inro an illVEsiment portfolio. lea￿nE a comfortable mar8ln for any giant-makinE and txpense5. Qur exptnses. save thE mandatory Financial Statement pieparaiion and the Examination of occounts, are mlnlmal as all irustee5 operateon a voluntary basl5. fjolni co#cern Th¢ trUS￿e5 have assessed whether the use ol the goin8 concern assumption Is approprlate In preparln8 these aecounf5. The trusiees have made th15 a55e55ment in respeci to a perlod of at least IZ month5 from the date of approval of IhesE accounts. The trusiees olthe Ch8riiyhaveconcluded Ihat ihEre ore no marerlal un¢enalnrses related to events orconditlons thai rnay cast 5i8tTrificant doubl on rhe ability of the Charity to Conrinue as a Boln8 concern. The trustee5 afe of the Tho Humon RÈ50urce Prolosslonol Charlliiblo Yrtssl Trustees, report Icontlnuedl The impoctvlcovl41-19 on ih¢chDrlInb￿ friijt tho IIRPCI h.Is bcon It55*illv(itd1s¥ Covlu i114in Iho liiry.i%i tKliillrs.lJuislralepyha%lhvttlore brvn ￿c￿￿en￿lie on rniployilbililyio p.iisiiro I￿11 OPPQrluttlllo51r>i omploymiinlsiill cxlst IDI liam all bock1r￿nds. In 20ZI. duo to lockd(wn, tht HR Gulld's Chailiv E¥rnl Wi15fni oblEtoowrAi¢ a5 a lundrai%or145 hashapptneo in QVLry yoar slncc 20161. iherofvro convcrtL'd Ih15 10 J M¢mbEr EnEaEomcn¢ EveDing whefc we werE ablo io 5hoivcJs¢ tho tru51oes. eur thariiablo partner5 5pEcilically Making iht ieèp and tsndMYi11aEt Ntt*wk and w*e able tDdT.)woniheioodwilloxudod byoiher Guild Mtmbcr5. partiLularlyiho PJoQonoTcarn. PthasierandWarden5. Again. rhigwas yinually ationdod by ovor70 HR PrDlo%51onals. This report was approved byihe iiusiees and yniheirbe￿lrtsr. N A Squelth Chair Dale.. i liust For theyeèi Endcd JI Oecember Z021 Tre(ember ?02L which are set Out on pa￿5 8 TO 11. Indep￿￿dent Èxamirtèr's Statement I haye cotnpleie& my eXarnInat￿. I confirm ihal qo rn?leFoI matter5 hav* come io my atientlon In COnfjetliDn With th￿ examifiatinn BbvinE mecause to belSÈvÈthat In anyffl41Erial respeci.. I have no coDC*rThS èod hève tome across n¢ Other mJtters ifi cofiDectiOn wilh the eNèrtNn)fion to whlch aiiention should bc drawn ID ihis iÈPDrt io oidei to enablÈ a prupEr undersiantting of thE aC¢OUfits tts bo PO 8ox 2707S Lvndtrn 20FL Date-. The Human Resource Profe5sloTrals Charltable Trust- ReElstered number: 1183708 Financial statements For iheyear 31 Oecember 2021 Unre5trlcted fund5 2021 Unrestrfcted fund5 2020 Recelpts and payments •ccount Note Recelpts.. 67.807 55,000 Acrfvitles for8eneraiin8 funds 8.875 67,807 63,875 PaymenTS'. 3.500 4,800 C0515 of 8eneratinÈ voluniaiy receipts Governance cost5 514 187 4,770 900 8.784 5,887 Extessolrecelpts over payments 59.023 57.988 Cash funds brought for%Yard Cash funds carried forward 96.778 38,790 155.801 96,778 Yhe Humary ftèsoiirro ProlL•%slon4i15 Cliillit.)blt Twii4t-RvL'lstprod nUm￿¢r.. 1143708 Statement of Assets and LiJbillilo5 iotJl unfvltrktcd 211ZI 2WO CJ5h lunds CJ5h al bank 155.801 96.778 Total cashfunds IS5,801 96.77 The financial siatemen15 were approyod b¥ the iru51et5aThd 5iETredon Ibeirbthall by.. N A SgU@Ich Chhir The•olESOD pales 10- li IoFmpirt ol ihose fLD4bCial si4ternertl5. The Ilvrnan Resources Profes51onals Charltable Trust Notes to the f inancial statements For theyear ended 31 December 2021 1.1 Ba5150f preparatlon These nnancial staiernenis hawe been prepared fortheye3r ended 31 Oecember 2021. Thè financlal siatements are presented in sierlln8 and are rounded to the neaiÈsi pound. The financial stalernents of The Human Resource Professlonals Charitable Trust have been prepared In accordan with the Charitie5 Art 2011 uslng Ihe receipts and p3ymeNis basls. 1.1 GolnB con¢ern The trusiees have assessed whether the use of the 80in8 concern assumption is approprlate In preparinÉ these accounts. The trvsiees have made ihisassessmeni In respEcl to a period of at least 12 mDnlhs from ihe dale ol approval of these a¢tount5. The trustees of the Charity have concluded that Ihere are no maLeTial uncertalntles related ￿ events orconditionsihai maycèsisignificani doubt on theabilityofthechèrity totDntiThue 8$ a 8oin8toncern. The trustees are of opinion that the Cha￿tY will have sufficient re50urtes 10 meet ils liabilltles a5 they fall due. Recelpts and payments an3￿515 Total Unrestricted 2021 Tor31 Unresirided 2020 Recelpi5'. . voluntary re￿IptS Oonalions received Gift aid received 48.212 55,0 b. AtllvSlle5 forgetyetatlng funds Income from fundraisingevent5 75 875 Payment5'. ¢. C0515 ol¢harltableactlvltles Grants paidlsee below) d. C05t$ 916eneratlnz voluntary recelpt5 website lost 14 514 e. Goverrbance ¢ost5 Accountancy fee5 9(YJ Jo io The Human Resources Professlonals Cha¥ltable Trust Notes to the financial statements For the year Énded 31 Oecember 2021 The followlnÉ InstitutlDn5 were a¥vèrded a 8rant durln8 theyear. Grants were not madeio Indlvldttals. zozi 2020 Makin8 the Leap London Village Network 2.30) 500 No Golne Back Aspirations 2,500 3,500 4.800 Trustee'5 remuneration No Irustees received 4ny ernoluments forihelr servicesas irustees durln8 the currefli or previous yèèr. No rrusiees were reirnbursed forany expenses duTln8 the turr&ni or previous year. Analy515 of a55ets between fund5 Total Re#rlcted funds 2021 Unre5trlcted fvnd5 20ZI Total funds 2021 C35h funds 155,801 1s5￿1 Totsi 155,801 I55￿01 Total Aestritted fund5 2020 Unresiricteé funds 2020 Toral funds 2020 Cash fund5 96,778 96,778 Tot31 96,778 96.778 Related party tra￿actIonS Durin8 the ye3r ended 31 December 2021, the Charity received a 6rani of £30,66Z12020.. E30,(KW)I from Th Lord Mayorf5 Appeal so ihat Ihe Charity may suppDrl Olhef charitie5 independently IhrouEh ils own Erant making. Sir P K Esllin. a trustee ol the Chaflty was also a trustee of The Lord Appeal durin8 the beginnin8 of the repoiting period to IS December 2021. li