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 Ka￿lanathan K (h4bridge S C Keall R Kear51ey A Kitthing G Morgan JTrayn3r DrR I Wingfield Chalr TreasU￿r 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 oIAR￿ABLETRV$T Trustees. Report for theyear ended 31 December 2024 The Trustees present thelr report and ihe flnanclHI statements of The Human Resour￿5 Professlonals Charitable Trust I'*he Charity I forihe yeaTeDded 31 Decernber 2024. The financial statements have beeTh p￿pared 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 const￿10 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 commi￿on 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 se￿ice5 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 WIngf￿ld 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 1*sponsib￿ 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. Ir￿lUding 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 ￿8￿larty provides rsports to the Court on the Charlty'5 grant making and management pmorftles. and is a ￿Mber0fthe General Purposes and Fina￿e$ Comrn￿ee. 08JECTIVESAND AC￿VITIEs The objectivesof the Charity as outlined in our Constitution are.. lal The advancement of the art and science of human ￿$0￿ree and personnel man38ement fDrthe publlc benef￿ bv.. SUPFK)rting educatlon and traInI￿. includlng methodolo£ies to promote effectrvè workplace cultures- awarding prizes for innovation orexcellence in human resource prartice.. and wardlng bursarles and gtsnts to 5UPPOrt developrEnt in workplace Cultu￿ and other aspects of people management that improve worklng Ilves. Ibl The relief of unemployment for the public b8n•fit by provldlng funding and support to charlties or eommunity 8roup5 50 that such 8roups are equipp￿ wlth the necessary skllts and tools to assist people who are unemployed or seekln8 reéntry tothe workplace. The Charity shall 3150 further SLrh other purpO￿that a￿ ¢hJritable underthe laws of England and Wale Public ben•fft statement The Trustees of the Charlty have given due 14ard to the Charity Comrnlssfon's guidance on public beneflt and have taken reasonable step5 to ensure that thls gUIdan￿ has been cons5dered In the activltles undenaken by the Chaiity to ddlver Its charitsbje purposes. The Charity provides a benefit to the pU￿1C thmu8h the pursuance of its prlnclpal objects, in particular the advancemeTht of education and prornotion of professional developrnent and participation in advancln8 human re50urcesfor public benefit. P¢rforman¢o Durlng the course of 2024 the Charity recelved a total of fifteen grani submis5ion5 for consideratlons. Thi$ 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 Ann￿1 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 TrL￿eeS 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 flnanus sources.. Events run by the Company of HR Professiona15 Wlth proceeds donated tothe Charity. An auttion at the annual fundraI￿n8 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 p￿vIoUS 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 cost*ffectsve minimum and personally undertake key administrative tasks to achieve redU￿d 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 end￿f-vear decision to seek admlnlstratlve wppon durln8 2025. The g￿1 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 con￿rn The Trustee5 have assessed whetherthe use of the going concern assumption is appropriate In p￿parIng 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 c1￿clUded 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 p￿paratIOn 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 Cotnrnls￿On 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 Re￿IPtS 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 ot￿mber 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 preparat￿n 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 COn￿M The Trustees have assessed whether the use of the 8oin8 concern assumption Is approprlate in p￿parIn8 these accounts. The Trustees have made thls as*ssment in respect to a period of at least 12 months from the date of approval of these accounts. The Trustee5 of the ChaT￿Y have concluded that there are no matèrial uncerttyint*s 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 re￿Ned 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 Qfgenwall￿vO1￿rtary 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 ￿1mb￿ryed for any ex￿nseS 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