Charlty 1183708 The Human Resource Professionals Charitable Trust Annual Reportand Flnanclal Statements forthe year ended 31st D•cember 2024
THE HUMAN RESOURCE PROFESSIONALS CHARttABLETRUST Contents tothe Flnan¢lal Statements for ihe year ended 31 Detember Z024 Page Rèfèrence Bnd Administati¥e Information Trustt•s' Rtport Independent Examkner's Report Receiptsand Payments Account Statèment of Assets and Uabllltes Notes tothe Anandal Ststements 10-12
THE HUMAN RESOURCE PROFESSIONALS CHARITABLETRUST Referen and Admlnistratlve Informatlon for the year ended 31 December ZOZ4 Trustees N A Squelch S Kalanathan K (h4bridge S C Keall R Kear51ey A Kitthing G Morgan JTrayn3r DrR I Wingfield Chalr TreasUr 5ecretsry Ex.officio advisor A Eccles Prlndpal office 71 Averfey Lane Farnham Surrev GiJ9 BPS Charity reBistered number 1183708 Independent •xamln•r John Millid8e ACA TC Group Suffdk House fjeorge sireet Croydon CRO OYN
ThE HUMAN RE50LIRCE PROFE5510NALS oIARABLETRV$T Trustees. Report for theyear ended 31 December 2024 The Trustees present thelr report and ihe flnanclHI statements of The Human Resour5 Professlonals Charitable Trust I'he Charity I forihe yeaTeDded 31 Decernber 2024. The financial statements have beeTh ppared in accordance with the accounting policies set out on page 10 and eomply with the Charlty's GDveming Document and the Charfties Att 2011. In accordance with the provisions of sertion 133 of the CharStle5 Act 2011, and In Ilne wlth the Charity Commissitsn's guideline5, thefinanciol statemeThts accompanylng thls report have been prepared on a recelpts and payments account basls. Stfuciure. Governance and Management const10 The Chaiity is a tharitable incorporated org8ni5atlon1001. not having share tapital and was incorporated on 4 June 2019. It opetstes in acctsrdance wfth a ConstitLrtiorTr adopted on 28 May 2019. The Charity is gIStered with the Charity commion in England and Wale5 and ts gistratIOn number is 1183708. The Charity prevlously operated. from 2016, as an unincorporated charlty- Go¥einan¢e The Trustees make the key decisiors about the condutt of the Charity. Trusteè5 give their time voluntarily and do not receive any MUneratr0n for their seice5 to the Charity. The administration £rf the Charity was carrled out lèr8ely by all the Trustee5. In 2023, the Trustees IdentIf areas for improvement, with greater links with the Court of the Company of Human Resource Professionals. particutarly on the development of an Annuèl Awards programme. A newTrustee was recruited from the Company's rnembership. Kirsten Owbrldge, who obseived the Tru5tees' Aprfl meetin8 and wa5 a fvll Trustee at the June meeting. The Tru5tee5 who served durin8 the yearand to the date of this report were- N A Squelch S Kamalanathan K Owbridge S C Keall R Kea151ey A Kitchin G Morgan J Traynar Dr R I WIngfld T Ga113gher A Eccles Chair Treasurer Secretary - appointed June 2025 Events Commlttee Liaison Awards Committee Llzlson Pro Bono Commlttee Liaison Investment Lead - resi8fted 35 Secretsry In January 2025 - $]Ened Jan 2024 Ex-offt¥) advisor Management The Trustees are 1sponsib for the governance of the Char5ty. the allocatlon of grants, Ihe safekeeping and good management of rf(s funds. The Trustees met tlrnes during 2024 and have maintsined a record of these meetings. IrlUding declaration of conflictsof interest. Although related. the Chaiity atts independendy of the Company of Human Resource Professlon81s, one of the Clty of London Llvery ctsmponies. The Charity malnt8ins independent governance from the Court whlch Is its main funder.
THE HUMAN RESOURCE PROFESSIONALS CHARITABLE TAUST Trusttts, Report Icontinuedl for the year ended 31 December 2024 The Chair of Trustees 8larty provides rsports to the Court on the Charlty'5 grant making and management pmorftles. and is a Mber0fthe General Purposes and Finae$ Comrnee. 08JECTIVESAND ACVITIEs The objectivesof the Charity as outlined in our Constitution are.. lal The advancement of the art and science of human $0ree and personnel man38ement fDrthe publlc benef bv.. SUPFK)rting educatlon and traInI. includlng methodolo£ies to promote effectrvè workplace cultures- awarding prizes for innovation orexcellence in human resource prartice.. and wardlng bursarles and gtsnts to 5UPPOrt developrEnt in workplace Cultu and other aspects of people management that improve worklng Ilves. Ibl The relief of unemployment for the public b8n•fit by provldlng funding and support to charlties or eommunity 8roup5 50 that such 8roups are equipp wlth the necessary skllts and tools to assist people who are unemployed or seekln8 reéntry tothe workplace. The Charity shall 3150 further SLrh other purpOthat a ¢hJritable underthe laws of England and Wale Public ben•fft statement The Trustees of the Charlty have given due 14ard to the Charity Comrnlssfon's guidance on public beneflt and have taken reasonable step5 to ensure that thls gUIdan has been cons5dered In the activltles undenaken by the Chaiity to ddlver Its charitsbje purposes. The Charity provides a benefit to the pU1C thmu8h the pursuance of its prlnclpal objects, in particular the advancemeTht of education and prornotion of professional developrnent and participation in advancln8 human re50urcesfor public benefit. P¢rforman¢o Durlng the course of 2024 the Charity recelved a total of fifteen grani submis5ion5 for consideratlons. Thi$ w85 on Increase in applications, without promotion from previous year5. and was attributed to improvetnents rnade to the ChaTty'S web51te. As SO of the applicants were not registered Charitie5 or CICS, the Trustees revisited their awardin8 criteria and agreed that grants would be made available only to small to mediurn re8lStered Charllles or CICS. The Trustees also agreed that thiscriterla was subject to 3 regular revlew. The Ann1 Fundraising DSnner, led by the Court wlth kind donations fof auction5. resutted In a successful evening echoln8 pre-covld tlmes. The Chaif lialsed wfch the Court's Membership Committee to review the process by which regular donations could be sought to improve annual incorne. Following on from the former-masterfs initiative to drive up regular donors there wasa small increase to 20 monthly donors. The Treasurer and the Chair prepared a test Gift report and awaited feedback on it'5 success. This Is a key improvetnent are3 for 2025. The Trustees condnued to review and optimisè the Charlty's Income, which intluded the transfer of funds to an interest gainlng account. The annual Investment also resulted in tr3nsferring funds to the Charivs investment portfolio. The 2024 Masterfs inr(iative forthe growth of charitsble fvnds resulted in an Increase in one-off donations. TheTrustees would Ilke to take thi5 OPPOrtunty to thank the Master for thls successful initiative and for all the past-mèsters who most generou51y donated to the Charity. Through regular donatlons and the Court's contlnued fundraisln8 efforts thè TrLeeS were able to award grants and contlnue to effectively rnanage the Charlty's funds.
THE HUMAN RESOURCE PROFESSIONALS (IIARITABLE TrUST Trustees. Report Icontlnuedl for the year ended 31 Decernber2024 The Charity has a Igniflcant portlon of its assets In an Investment fund managed by Rathbones. The remainder is in cash in a savings interest-bearing account and current account. Thls flnan<lal year was a tumultuous one from a geopolitical and macroeconomic perspective. Therefore. It was pleasant to fSnd a he8hY reported at year eThd 131 DetÈmber20241. Durfin8 the year theTwstees revWe and approved the Charity's investment policy withour any changes and aRed to transfer further savlngs In-llne wlth thls policy. As the maln alm Df the investment fund Is to provlde the Charlty with growth of it5 a55ets In support of the Company reachlng livery status. Trustees will continue to consider carefully the investment st¥atedry as wèll as thè investment manager and determine if any changes are required in 2025. Cantee8 During 2024, the Charity receiv& 17 enquirfes and IS completed grant submission& FollDwln8 due dlllgence, assessment and careful consideration, the Trustees a8reed to award three small grants. One of the grant awards was declded In the prevlous year. but the transartion w2$ made In 2024 to supportlnB the Sea Cadets to help with the tralnlng of young people to develop themséfve5 and enhance thelr employability. This is aligned wr<h the Charity's obiecbves. In addition, the Trustees continued thelr oning tommitment under Objective Fwe to support the aty of London Corporation and the City of London Lord Mayorfs Appeal. The Lord Mayorfs Appeal ha5 four pillars whlch align well with not only the Charity's objectNÈs. but the enhancement of the Hurnan Resource Profe55ion. specifically supportlng the growth of an inclusi¥e. heakhyi skilled and fair City. It was an honour and a pleasure for the Chalr of Trustees to iepresent the Charity at the annual City'lmpact Reception.. TheTrustees were mindful that m05t applKants related to Oblectlve Four to'facilttate employment or rentry Into the WorkpL7, and took the decision to ensure parityof thegrants proEramme against all the oblettlves. Humber Job Hub ac was awarded a Kr3nt to SUPPOrt remployrnent of those furthest from WLirk. This project helped twenty individuals.'- eighteen In group sen5 and two with individual sesslDns. Of these, eight gained employment one partlclpated in volunteering while attively Iwklngfor work and three started fomial iralnin8 qualifications to ready themselves for rhelr de$ld fvturejob. Participant feedback wa5 posltlve, forexample: -1 was treated wlth resped, as a human Ing not a numberl Non-judgernentsl. Not like the Job Centre who have the wrongattitude. I walked fwr mile5 each wayto attend the group each week and looked forward to each one.- here wa5 a positive and open ethos. Everyone wa5 encouraged to contrlbure. The support helped to brin8 me up to datè with job seeknng Cultu and sparked new Idea5. It provlded an open, honest and sincere forum in a safe envlronment to understand what employers are looklng for. I don't want to think where I would be now if I hadn't contarted you {HuMr Job Hubl.~ hen I first contscted HumberJob Hub, afterfinding their information at a lo1 Food Bank, I h3d been out of work for a long tlme and my mental heahh was 3t an all tlme low. I wanted to get b3ck Into work but lust didn't know how or where to start. Attendin8 the 8roup ha5 helped me to see that l am not on the 5craphe3p. I have rn0 tD Dffer than I thoLEht. My conlldence has grown, thanks to all the stsff who are brilliant. This ha5 been one of the best courses I have been io.- TheTrustees a£ed thatthe results and testimonialsevidence prudent use of funds.
THE HUMAN RESOURCE PROFESSIONALS QIARITABLE TRUST Tru5tees' Report Icontinuedl forthe yèar ènded 31 Detember2024 In support of the objective to 'adwdnce edutation ènd traininK in developments in Human Resource the Trustees awarded ProAge a gr8nt to undertèke attlon searCh to explo and develop practical recornrnendations to redress age discrirnination in the workplatr. The award support5 the Dbjettive to 5UPPOrt developments In wothplace culture and other of people management which improve working lives. Agelsm Isn't seen as an urgent and attionable prlority. There is a disconnert between the recognised tped to prepare for an ageing Workfor(7.2 out of ioi and how leaders rated thelr own cuirent strategic preparations14.3 out Of 101. Furtherrmre, the Chartered Institute for Personnel and Development In 2022 showed out of 2(YJ6 organi5allons, only 13% Intend to plan for an ageingworkforce in thè next 5 years IProAgel. Pro4%e researched and workshopped solLrtions to challenge work-related age15m. Thls award helped to dellver workshops around the couniry engaglng 225 HR professlonals and DEI specialists. Thi5 culminated a report 'Makin8 Age Pav addressing key findin The key reason for under-preparedness was that the busines5 case for age inclusion was not clear and other aspects of DEI were taking priority (race and gender). ProAge mobilised to help organi5atlons understand what could be achleved to attrart and retsin older workers across five citiès around the UK.. London. Edinburgh. Manchester. Birmingham and Bristol. The evldence Inthcated that awareness of age di5criminatlon was Improved, benefits of multlgenerational workforce dvanta8es highlighted and prattical steps to de age dlscrfmlnation shared. ProAge rep)rted that they were buildlng on thls work with the Greater London Authoriry th events to help SMES attract and retsin older workers during 2025. The Trustee5 shared these tindin8 with the Court. recomrnendin8 a 5peclalist session to the incomiThg Master and the wider Court. Fundraising The Company (Courtl takes the lead on fundraising, whereas the Charity takes respon51blllty for the safe manaeement and distribution of these funds. Fundralslng comesfrom v3ri(>us sources.. Events run by the Company of HR Professiona15 Wlth proceeds donated tothe Charity. An auttion at the annual fundraIn8 event tlonations from indiwduals orcorporates. Grant-rnakingfrom other organlsations following applications by the Charfty. The Trustees are 8rateful to the Master, Court members. Clerk and Asslst8nt Clerk for thelr contlnued efforts to r4lse these essential funds and CognISeS the work Involved. The Trustees would also like to extend their thanks to all the Individuals who provided ama25nE experien and products to auttion. These fundraising efforts help the Charity dellver more againstthe 0tr4ectives and to rdise the profile of the Company of Human Resource ProfesslonaL%. In suppon of fundraislng efforts, the Trustees speak at events. For example. they hosted an informal informatlon gathering In a CTtyof London pub. where members could meet one of our pvIoUS recipient5. The Trustees prepare and share storles on how the Company members are 'givlng back,. During 2024, the Trustees Identified future ways to enhance the £raffls programme with Improved comrnunication on the efforts of the Pro-bono Committee. Funds To effeLtivety manage the Charity there 15 a need to pay for some pTrctical management support. This includes fees èssociated with the adminlstration ol webslte hostlng and developrnent, ftnanclal rnanageThEnt and regulatory compllènce.
THE HUMAN RESOURCE PROFESSIONALS CHARITABLÉ TRUST Trudees. Report Icontinuedl for theyear ended 31 De¢ember 2024 The Trustees ende3vourto keep any expenses to a costffectsve minimum and personally undertake key administrative tasks to achieve redUd outgoing& I would Ilke to acknowledge thls slgnificant voluntary thrt of all the Tru5tee5 to help with the Charity's operational needs, whilst 3150 maintaining good govemance. This voluntary effort is estlmatsd to be In excess of 250 hours per annum wlth an estimated volunteer-grft value of £8,750. The adrnlnlstratlve tssks requlred to effectfvely run the Charliv have been monitored durln8 2024. with standard operating procedures estsblished and an endf-vear decision to seek admlnlstratlve wppon durln8 2025. The g1 was to provide Improved and tlrnely corre5p)ndencÈ for grant appllcants and to relieve the burden on some of the key Trustees wrch operational funct)ns to enable thèrn to focus on govemance. Financial revlew The Chtyrity report total incorne of £35,047 in the yeèr12023 - £9.5571, spllt between donations 1ved of £24,741 12023- £5,007). and Income generated from fundraising events of £8,35112023 - £4.5501. The Charity also received investment incomé of £1,955 In the year12023- £NIII. The Charity incurred charitèble costs totalliThg £787212023- £10,113>, resulting in a 5urplu5 of £27.17S12023- 3 deflclt of £5561. Durfn8the fln4nclal year, the Charfty increased its investsnent fund holdlng by £30.3(M)12023-£NIII. Per the Staternent of A55ets and Liabtlities on page 9. the Charity reports a total asset position of £230.87712023 £203,701), made up of cash at bank and in hand of £61,56812023- £68,701), cash held in the Charlty's Strlt account of £4.OCIJ12023- £NIII. and Investment fund5 of £165.3C(112023- £135,CK)01. Goln8 conrn The Trustee5 have assessed whetherthe use of the going concern assumption is appropriate In pparIng these financial stateTnents. The Trustees have made thls assessment in respect to a period of at least 12 months from the date of approval Df these finanekl statements. TheTrustees of the Charity have c1clUded that there are no rnaterial uncert3Inties lated to events or conditlons that may cast signrfic6nt doubt on the abillty of the Charity to continue as a golng concern. The Trtsstees are of the opinion that the Charity will have sufficient resource5 to meet hs Ilablllries as they fall due. This reporr was approved by thè trustees and signed Dn thelr behalf by.. N A uelch Chair Dats
kndependent Examlner's Report to the Trustees, of The Human Resource Professlonals tharltableTrust r the year ended 31 December 2024 I reportto the CharityTrustees on my examination of the accounts of the Charlty for the year ended 31 December 2024 which are set outon pages 8 to 12. Responslbllllles an41 basls otreport As the Charfty's Trustees you are responsible for the pparatIOn of the account5 in accoTdance with the requlrements of the Charities Act 20111'the Act'l. I report In spect Df my examlnatlDn of the Charlty's accounts carried out under section 145 of the Art and in carying out my eKamlnatioTh I have followed all the appllcable Dlrertlons given by the Charity CotnrnlsOn under section 14515llbl of the ACL Independent examlnerfsrtatement I have completed my examlnatlon. I confirm that no material matters have corne to my attention in connection with the examination giving me tause to believe that in any rnaterial respect.. acrounting records were not kept in respect of the Charity as requ1 by sectlon 130 of the Act.. or the accounts do not accord with those records.. or the accounts do not comply wlth the appllcable requiremenis concerning the form 3nd content of accounts set out In the Charlties IAccounis and Reports) Regulatlons 2008 other than any requirement that the accounts give 'true and falr vlew. which is not a matterconsidèred as part of an Independent examination. I have no concem$ and have corne across no other matters In cDnnÈttK)n wfth the examination to whlch attention should be drawn in thi5 report in order to enable a proper understsndlng of the accountsto be reached. John Millidge ACA TC Group Suffolk House Geor¥e Street Croydon CRO OYN Date.. 6 O¢tobor 2025
THE HUMAN RESOURCE PROFESSIONALS CHARITABLE TRUST RecÈipts and Payments Account forthe year ended 31 Decèmber 2024 Unrestrfrted Unrestrlcted funds fvnds 2024 2023 Notes ReIPtS Voluntary receipts Artlvitles for Benerating funds Investment Income 24,741 8.351 1,955 5,007 4,550 35,047 9,557 PaymerrtS Annual Report and Flnancial Statements Costs of 8eneratlng voluntsry reTripts forthe yearended 31st DetembÈr 2024 5,592 7,255 1.128 1.730 1.800 7.872 10,113 In¥e5tment purchases Purchase of Investment funds 130.3001 Excess of Ipayments over ret•ipt51 I receipts over payments 13.1251 15561 Cash funds brought forward 68.701 69,257 Cash funds carrled forward 65.576 68,701
THE HUMAN RESOURCÉ PROFESSIONALS CHARITABLETRUST Statement of AssetSaAd LlabllttSes as at 31 otmber 2024 Unre5trirted Unrestrlrted fvnds funds 2024 2023 Currentass Stripe accourbt 4,009 Cash fvnds Cash at bank and In hand 61,568 68,701 Invtstmtnt assets Investment funds 165,300 135,IXJO Total assets 230,877 203,701 The flnanclal statements were approved by thè Trustees and slgned on their beha bv: A Squelch Chair K Owbridge 5ecrdary Date
THE HUMAN RESOURCE PROFE5510NAiS CHARITABLE TRUST Notestothe Flnanclal Statements for the yèar ènded 31 Decernber 2024 PRINCIPALACCOUPrnNG POLICIES 1.1 Basis of preparatn These fvnancial s¢aternents have been prepared forthe year ended 31 Decembgr 2024. The flnancol statements a presented In steding and arè rounded ttsthe nearest pound. The financial ststements of The Human Resourte Prolessionals Charitable Trust have been pre[ed in zccordance with the CharEties Act 2011 usingthe receipts and payments basis. 1.2 6oln6 COnM The Trustees have assessed whether the use of the 8oin8 concern assumption Is approprlate in pparIn8 these accounts. The Trustees have made thls asssment in respect to a period of at least 12 months from the date of approval of these accounts. The Trustee5 of the ChaTY have concluded that there are no matèrial uncerttyints related to event5 or condltlons that may cast slgnlflcant doubt on the ability of the Charity to continue as a goln8 concern. The Trustees are of the opinion that the Charity will have sufficleni OUrteS to meet it5 liabilities a5 they fall due. RECEIPTS ANALYSIS Unrestritted funds Llnrestrlcted funds 2023 Voluntary re[pts Donatlons received Giftaid reNed 24,741 5,007 24,741 5.007 Attbyitiesfor generatln8 funds Incomefrom fundraising event5 8.3SI 4,550 rotal recelpts 33,092 9,557 io
THE HUMAN RE50VRCE PROFE5510NA15 CHARITABLETRUST Notes to the fvnanclal Statements Icontinuèdl forthèyear ended 31 December 2024 PAYMENT5 ANALYSIS Llnre5trlrted Unresirl¢wd fvnds funds Z024 2023 Cost of charknble attlvltles Grants paid Isee below) 5,592 7,255 Costs QfgenwallvO1rtary recelpts Website c05t 1,128 Governance (0515 Accountancyfees Admin costs Glftald processing 1,8(K) 1,680 50 1800 1,730 Total payments 7,872 10.113 Thefollowlng lTrstltutions We awarded a gtsnt duiing the ye8r. Grants were not made to indNidual5. 2024 2023 Humber Job Hub ProABe Ltd Lord Mayor Appeal Clapton & Hackneysea Cadet The TalentTap The Milatsry Wive5 Choir Foundatbn Parkfield Llghthouse Ltd Key4Lrfe 2,292 1,8(M) 500 i.OC4) 2,50D 1.955 1,800 5,592 7,255 TRUSTEE REMUNERATION No Trustees received aTry emoluments for thelr sèrvices as Trustees durin¢ the current or prevlous year. No Trustees were 1mbryed for any exnseS durfngthe current or prevityJ5 year li
THE HUMAN RESOURCE PROFESSIONALS CHARITABLE TRUST Notesto the Flnancial Statements Icontinu•dl for the year ended 31 D•¢•mber 2024 CHARifi FUNDS l assets are held thin unre5trKted funds. The Charity does not have any restrlcted funds. RELATED PARTY TRANSACTIONS No related party transactions during the year12023.. Nonel. 12