**REGISTERED CHARITY NUMBER: 1197865** ## **Report of the Trustees and** ## **Unaudited Financial Statements for the Year Ended 31 October 2023** ## **for** ## **One Percent Safer CIO** torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW **One Percent Safer CIO** ## **Contents of the Financial Statements for the Year Ended 31 October 2023** ||**Page**|| |---|---|---| |**Report of the Trustees**|1 to|4| |**Independent Examiner's Report**|5|| |**Statement of Financial Activities**|6|| |**Balance Sheet**|7|| |**Notes to the Financial Statements**|8 to|11| **One Percent Safer CIO** ## **Report of the Trustees for the Year Ended 31 October 2023** The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The 12 months covered in this second annual report for One Percent Safer were marked by continued uncertainty and volatility worldwide as businesses and organisations tackled forces out of their control, from the conflicts in Ukraine and the Middle East to climate change and political upheaval. These global shocks came as studies pointed to an acceleration in the rate of change in the world of work, driven by technological advancements, perhaps most prominent among them the rapid march of artificial intelligence. Amid it all, many hundreds of thousands of people continued to lose their lives to work-related injury or illness. It is estimated that around 2.8 million people will die because of occupational injuries or illnesses. Work fatalities, injuries and illnesses have become commonplace, so they fail to grab the headlines in the way a deadly new missile strike or record-breaking temperatures can achieve. Every 10 seconds, however, someone dies because of an injury or illness suffered in the workplace. Each death was avoidable and unnecessary. The One Percent Safer Annual Report is an account of how a charitable organisation run by volunteers sought to engage individuals and organisations around the world with one simple idea: that all of us can each day do something to make our workplace a little safer for us and our co-workers. And if we all did this, together, we could reduce workplace illness, injuries and fatalities. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Inspired by the same philosophy that has driven improvements in everything from Olympic cycling and education to aviation and car making, One Percent Safer is the application of marginal gains theory to health and safety at work. Popularised by writers such as Black Box Thinking author Matthew Syed, marginal gains is about focusing on small, one percent improvements, the compound effect of which is huge. The Mercedes Formula One team, inventor James Dyson and footballer David Beckham are among examples of Black Box Thinkers, says Syed. Individuals or organisations who stuck at it, refining their approaches bit by bit. Transformational step changes are what we know in health and safety. Often inspired by disasters that shock society and lead to a complete overhaul in the way things are done, these can be difficult, expensive and risky. If we all do just one thing, just improve workplace safety by one percent, then that could mean 28,000 people getting to go home without harm, instead of ending up dead each year. 28,000 husbands, wives, partners, mothers, fathers, brothers, sisters, sons, daughters, friends, and co-workers. 28,000 humans. The Japanese concept of Kaizen, the idea of incremental change one small thing at a time is what we’re talking about here. The compounding effect of trying to get 1% better each day is huge it’s a 3,800% improvement in just one year. In simple terms, that’s a 40 times improvement on where you are right now. ## **Public benefit** The Trustees have due regard for the guidance published by the Charities Commission on Public Benefit. Page 1 **One Percent Safer CIO** ## **Report of the Trustees for the Year Ended 31 October 2023** ## **OBJECTIVES AND ACTIVITIES** ## **Volunteers** The One Percent Safer Board is comprised of individually legally-appointed professionals who hold responsibility for the good governance of the Foundation and its funds, including the disbursement of funds to applicants to the Foundation. These Board members are also the company directors of the not-for-profit company and will submit an annual return to Companies House (UK) and publish an annual report highlighting our activities, showcasing our beneficiaries, maintaining our messages and celebrating our successes. Like all others involved in the project, the Board directors are not remunerated in any way, and provide their time and support voluntarily. It is right, from the outset, that we recognise those organisations and individuals who have worked committedly to support the charitable objects of One Percent Safer. We place on record here our huge thanks to those volunteers who do not sit on our Board but who have played a key role in the success to date of the Foundation. To the following, thank you for your brilliant contribution to One Percent Safer: Sarah Thomas (editing and project management) Edwin Stoop (graphics) Jim Shannon (design and lay-out) Stephen Newman (printing) David Sharman (distribution) Andrew Chamberlain (governance) Beverley Hogg (administrative support) Sumayyah Parekh (social media designs) Sam Butlin (website) Tamara Parris (community events) The Foundation is committed to using all profits from the Foundation’s work for the public good. Costs have been minimal but necessary. We have, however, required the expertise of contractors to keep the organisation moving forward. Accountancy firm, Torr Waterfield Mailing house, The Mailing People Emma Barratt, regional director of virtual assistant Get Ahead Page 2 **One Percent Safer CIO** ## **Report of the Trustees for the Year Ended 31 October 2023** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In line with our charitable objectives as stated by The Charity Commission, One Percent Safer funded a number of projects. In October 2023, we were pleased to announce that we approved a grant to fund the training and employment of a health and safety adviser for two start-up businesses in Ethiopia. The funding would be managed by not-for-profit organisation HOPEthiopia. The new businesses are a bakery and a brickmaking enterprise which HOPEthiopia is sponsoring in the town of Harbu Chulule 180km south west of Addis Ababa in Oromia state. One Percent Safer also provided financial support to the Ukraine-based European School of Risk Management, providing free training for occupational health and safety specialists with disabilities and for employers involved in workplace accessibility projects. Another objective is to raise awareness and educate the public and OSH profession on good health and safety practices. The Board promoted the principles of One Percent Safer at events and in media throughout 2022 and 2023. In May 2023 we presented a plenary session at EHS Congress in Berlin to an audience of over 250 global OSH leaders and also were generously given a full page advertisement (without cost) in the event brochure. In October 2023, for example, OPS Trustee Tim Eldridge presented on behalf of One Percent Safer at the HSE360 Conference in Vienna. Tim provided an overview of the purpose, strategy and charitable activities of the Foundation, encouraging the participants to purchase the book, as well as consider becoming OPS Ambassadors. Louis Wustemann hosted a workshop session live at the HSE EU Virtual Congress explaining the aims of the movement and the foundation, some of the themes emerging from the book and how safety and health practitioners could get involved In the spring of 2023, to coincide with the United Nations' World Day for Safety and Health at Work, we brought together practitioners and duty-holders from around the world for our own online conference. This highly successful online series of sessions involved leading lights in the field of occupational safety and health to discuss a range of topics, often giving advice and guidance to attendees on how to implement the OPS philosophy. In 2023, we also began planning an intensive LinkedIn communication campaign, aiming to remind our existing followers' community about the One Percent Safer book, as well as attracting new followers and supporters. At the same time, we planned to intensify our cooperation with our ambassadors. With Perrier, our Canadian ambassador, for example, we promoted discussions with leading safety experts, including some of our Trustees as well. Additionally, we aimed to establish new ambassadorships to broaden our reach and now have Ambassadors in New Zealand, Canada, and the United Kingdom. The European Centre for Executive Development (CEDEP) in Fontainebleau also continues to promote the Foundation, frequently purchasing and gifting copies of the book to senior leaders who attend executive education programs there. All of the above activities have the aim to raise awareness of the philosophy and value of marginal gains, and to encourage more book sales and donations, enabling fully our charitable activities, with the ultimate aim of reducing the number of work-related fatalities, which is our primary goal. ## **Fundraising activities** Throughout 2022-2023, books sales - particularly in bulk orders for corporate bodies supporting the charity, and sponsorships with our ambassadors, were our main sources of revenue. We also received a large gift as the nominated Christmas charity of one of the leading safety software suppliers. ## **FINANCIAL REVIEW** ## **Financial position** Total incoming resources were £22,497 (2022 £41,980). After deducting expenditure of £10,621 (2022 £1,800) there was net income of £11,876 (2022 £40,180) for the year. As at 31 October 2023, the Charity had total funds of £52,056 (2022 £40,180) all of which were unrestricted. ## **Reserves policy** Our policy is to hold enough reserves to covered three months of overheads, and this was achieved by a significant margin. Page 3 **One Percent Safer CIO** ## **Report of the Trustees** ## **for the Year Ended 31 October 2023** ## **FINANCIAL REVIEW** ## **Going concern** The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements. ## **FUTURE PLANS** At time of writing, the One Percent Safer Board was undertaking a strategic review of its working practices. The foundation wants to take stock and build on the progress to date. A new strategy will be formulated to drive revenue and increase our CIO's impact on the safety and health of people at work ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1197865 ## **Principal address** PO Box 1431 Cambridge CB1 0GQ ## **Trustees** Dr A D Sharman Chairman Mr L J Wustemann Trustee Mr T J Walsh Trustee Mr N W Ritchie Trustee Mrs E M Evans Trustee Ms M A Mark-Joyce Trustee Mr T M Eldridge Dr A Kokkonen ## **Independent Examiner** torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW Approved by order of the board of trustees on 30 August 2024 and signed on its behalf by: Dr A D Sharman - Trustee Page 4 **Independent Examiner's Report to the Trustees of One Percent Safer CIO** ## **Independent examiner's report to the trustees of One Percent Safer CIO** I report to the charity trustees on my examination of the accounts of One Percent Safer CIO (the Trust) for the year ended 31 October 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Matthew Smith ACCA torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW 30 August 2024 Page 5 **One Percent Safer CIO** ## **Statement of Financial Activities for the Year Ended 31 October 2023** ||||Period| |---|---|---|---| ||||10.2.22| |||Year Ended|to| |||31.10.23|31.10.22| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||10,549|41,980| |**Charitable activities**|||| |Fees for educational resources||11,918|-| |Investment income|2|30|-| |**Total**||22,497|41,980| |**EXPENDITURE ON**|||| |Raising funds|3|8,413|1,800| |**Charitable activities**|4||| |Fees for educational resources||2,208|-| |Other||-|-| |**Total**||10,621|1,800| |**NET INCOME**||11,876|40,180| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||40,180|-| |**TOTAL FUNDS CARRIED FORWARD**||52,056|40,180| The notes form part of these financial statements Page 6 **One Percent Safer CIO** ## **Balance Sheet** ## **31 October 2023** |||31.10.23|31.10.22| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Debtors|10|-|41,980| |Cash at bank||53,856|-| |||53,856|41,980| |**CREDITORS**|||| |Amounts falling due within one year|11|(1,800)|(1,800)| |**NET CURRENT ASSETS**||52,056|40,180| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||52,056|40,180| |**NET ASSETS/(LIABILITIES)**||52,056|40,180| |**FUNDS**|12||| |Unrestricted funds||52,056|40,180| |**TOTAL FUNDS**||52,056|40,180| The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2024 and were signed on its behalf by: Dr A D Sharman - Trustee The notes form part of these financial statements Page 7 **One Percent Safer CIO** ## **Notes to the Financial Statements** ## **for the Year Ended 31 October 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Costs are apportioned between activities based on an estimate of management time spent. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Debtors** Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective rate of interest method, less any impairment. ## **Creditors** Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 8 continued... **One Percent Safer CIO** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 October 2023** ## **2. INVESTMENT INCOME** |**2.**|**INVESTMENT INCOME**|||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||Period| |||||||||||10.2.22| ||||||||||Year Ended|to| ||||||||||31.10.23|31.10.22| ||||||||||£|£| ||Interest receivable - trading||||||||30|-| |**3.**|**RAISING FUNDS**|||||||||| ||**Raising donations and legacies**|||||||||| |||||||||||Period| |||||||||||10.2.22| ||||||||||Year Ended|to| ||||||||||31.10.23|31.10.22| ||||||||||£|£| ||Support costs||||||||8,413|1,800| |**4.**|**CHARITABLE ACTIVITIES COSTS**|||||||||| |||||||||||Direct| |||||||||||Costs| |||||||||||£| ||Fees for educational resources|||||||||2,208| |**5.**|**SUPPORT COSTS**|||||||||| |||||Information|||||Governance|| ||Finance|||technology|||Other||costs|Totals| |||£|||£||£||£|£| ||Raising donations and|||||||||| ||legacies||32||1,224||4,041||3,116|8,413| ||The proportion of management time allocated|||to each activity has been||||estimated as:||| ||||||||||**31.10.23**|| ||Raising donations and legacies||||||||100%|| |**6.**|**INDEPENDENT EXAMINER'S REMUNERATION**|||||||||| ||31.10.22| |---|---| ||£| |Independent Examiner's Fees - External scrutiny|600| |Independent Examiner's Fees - Accountancy services|1,200| ||| ||1,800| ||| Page 9 continued... **One Percent Safer CIO** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2023** ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the period ended 31 October 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 October 2023 nor for the period ended 31 October 2022. ## **8.** ## **STAFF COSTS** There were no staff costs for the year ended 31 October 2023 and therefore no employees received emoluments in excess of £60,000. ## **AVERAGE NUMBER OF EMPLOYEES** The average number of employees during the year was nil. ## **9. GUARANTEE** The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| |---|---|---|---|---| ||||31.10.23|31.10.22| ||||£|£| ||Other debtors||-|41,980| |**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.10.23|31.10.22| ||||£|£| ||Other creditors||1,800|1,800| |**12.**|**MOVEMENT IN FUNDS**|||| ||||Net|| |||At|movement|At| |||1.11.22|in funds|31.10.23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|40,180|11,876|52,056| ||**TOTAL FUNDS**|40,180|11,876|52,056| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|22,497|(10,621)|11,876| ||**TOTAL FUNDS**|22,497|(10,621)|11,876| Page 10 continued... **One Percent Safer CIO** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 October 2023** ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** ||||Net|| |---|---|---|---|---| ||||movement|At| ||||in funds|31.10.22| ||||£|£| |**Unrestricted funds**||||| |General fund|||40,180|40,180| |**TOTAL FUNDS**|||40,180|40,180| |Comparative net movement in funds, included in the above are as follows:||||| ||Incoming||Resources|Movement| ||resources||expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund|41,980||(1,800)|40,180| |**TOTAL FUNDS**|41,980||(1,800)|40,180| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 October 2023. Page 11 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by Andrew Sharman using authentication code dippM0I1Mj5OMGxL at IP address 83.76.35.112, on 2024/08/30 07:51:18 Z. Andrew Sharman's e-mail address is: andrew@rmsswitzerland.com.