REGISTERED CHARITY NUMBER: 1197865
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2024
for
One Percent Safer CIO
Duncan & Toplis Limited Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
One Percent Safer CIO
Contents of the Financial Statements for the Year Ended 31 October 2024
| 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 12 |
One Percent Safer CIO
Report of the Trustees for the Year Ended 31 October 2024
The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. 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).
Crises are defined by how much resource and attention they need, and it is understandable that they draw our focus away from issues that are equally as important, if not more so. Among these 'forgotten issues' is the human toll we continue to suffer in the workplace worldwide. It is estimated that we lose on average around 2.9 million people to work-related injuries and ill health each year. Many millions more suffer serious and sometime life-changing illnesses or injuries at work.
Because work fatalities, injuries and illnesses have become commonplace, they fail to grab the headlines in the way a new pandemic or grave warnings about global warming can achieve. Every 10 seconds, however, someone dies because of an injury or illness suffered in the workplace. Each death was avoidable and unnecessary. This is totally unacceptable.
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 29,000 people getting to go home without harm, instead of ending up dead each year. 29,000 husbands, wives, partners, mothers, fathers, brothers, sisters, sons, daughters, friends, and co-workers. 29,000 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.
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One Percent Safer CIO
Report of the Trustees for the Year Ended 31 October 2024
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) Dave 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, Duncan & Toplis Limited Mailing house, The Mailing People Juliet Overington, administrative support, Get Ahead
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One Percent Safer CIO
Report of the Trustees for the Year Ended 31 October 2024
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In line with our charitable objectives as stated by The Charity Commission, One Percent Safer has funded support for safety and health practitioners operating in five emerging countries. The One Percent Safer Bursary, a collaboration with the International Institute of Risk and Safety Management (IIRSM), awarded 100 IIRSM affiliate memberships to practitioners in Nigeria, India, Ghana, Pakistan and Egypt.
In partnership with social enterprise HopEthiopia, a project in Harbu Chulule, Ethiopia, saw progress with the appointment and training of an interim health and safety coordinator by volunteer Rick Theriau. Rick has conducted health and safety awareness sessions for construction workers on a new kindergarten project, covering topics like PPE use and safe lifting. The bakery business we support continues to grow, while a brickworks project was still in the planning phase, testing new production techniques.
One Percent Safer was proud to support safety professionals Ian Harper and Dan Tooley in their critical work in Ukraine. The effects of the war in Ukraine can only be compounded if occupational health and safety risks are overlooked there. Ian and Dan's work, training trainers from the construction union PROFBUD, is helping to spread good practice through the industry at a time when potential asbestos exposure is high.
On 2nd September, One Percent Safer held an online meeting with applicants, students and alumni of the Jennet Arshimova's European School of Risk Management. Our charity is supporting this organisation as it helps businesses to manage risks in a volatile environment.
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 2023-24, including an article in trustee Louis Wustemann highlighted the funding of health and safety provision in Ethiopia. Our ambassadors continue to provide invaluable support to the charity, also, through funding and spreading the word. Paul Davison, of PPWD, promoted One Percent Safer at EHS Congress in Berlin. Perrier Consulting, in Canada, promoted the themes of One Percent Safer through online marketing channels, including podcast interviews.
FINANCIAL REVIEW
Financial position
Total incoming resources were £17,196 (2023 £22,497). After deducting expenditure of £34,027 (2023 £10,621) there was net expenditure (2023: income) of £16,831 (2023 £11,876) for the year.
As at 31 October 2024, the Charity had total funds of £35,225 (2023 £52,056) 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.
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 finalising appointments of new OPS Trustees. These new Trustees will work with existing Board members on a new strategy to generate 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
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One Percent Safer CIO
Report of the Trustees
for the Year Ended 31 October 2024
Principal address PO Box 1431 Cambridge CB1 0GQ
Trustees
Dr A D Sharman Chairman Mr L J Wustemann Mr T J Walsh Mr N W Ritchie (resigned 31.12.24) Mrs E M Evans (resigned 31.12.24) Ms M A Mark-Joyce Mr T M Eldridge Mr J Ogorek Mr E Tuncay Dr L Cure (appointed 17.3.25) Mr A Gelete (appointed 30.4.25) Mr M Guneri (appointed 12.5.25) Mr I Hasanaliyev (appointed 30.5.25)
Independent Examiner
Duncan & Toplis Limited Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
Approved by order of the board of trustees on 29 August 2025 and signed on its behalf by:
Dr A D Sharman - Trustee
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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 2024.
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:
-
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
-
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 FCCA
Duncan & Toplis Limited Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
29 August 2025
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One Percent Safer CIO
Statement of Financial Activities for the Year Ended 31 October 2024
| 31.10.24 | 31.10.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2,501 | 10,549 | |
| Charitable activities | |||
| Fees for educational resources | 14,596 | 11,918 | |
| Investment income | 2 | 99 | 30 |
| Total | 17,196 | 22,497 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 6,582 | 8,413 |
| Charitable activities | 4 | ||
| Grants to institutions | 23,049 | - | |
| Fees for educational resources | 4,396 | 2,208 | |
| Other | - | - | |
| Total | 34,027 | 10,621 | |
| NET INCOME/(EXPENDITURE) | (16,831) | 11,876 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 52,056 | 40,180 | |
| TOTAL FUNDS CARRIED FORWARD | 35,225 | 52,056 |
The notes form part of these financial statements
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One Percent Safer CIO
Balance Sheet
31 October 2024
| 31.10.24 | 31.10.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 10 | 413 | - |
| Cash at bank | 36,612 | 53,856 | |
| 37,025 | 53,856 | ||
| CREDITORS | |||
| Amounts falling due within one year | 11 | (1,800) | (1,800) |
| NET CURRENT ASSETS | 35,225 | 52,056 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 35,225 | 52,056 | |
| NET ASSETS | 35,225 | 52,056 | |
| FUNDS | 12 | ||
| Unrestricted funds | 35,225 | 52,056 | |
| TOTAL FUNDS | 35,225 | 52,056 |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 August 2025 and were signed on its behalf by:
Dr A D Sharman - Trustee
The notes form part of these financial statements
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One Percent Safer CIO
Notes to the Financial Statements for the Year Ended 31 October 2024
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.
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One Percent Safer CIO
Notes to the Financial Statements - continued
for the Year Ended 31 October 2024
| 2. | INVESTMENT INCOME | |||||
|---|---|---|---|---|---|---|
| 31.10.24 | 31.10.23 | |||||
| £ | £ | |||||
| Interest receivable - trading | 99 | 30 | ||||
| 3. | RAISING FUNDS | |||||
| Raising donations and legacies | ||||||
| 31.10.24 | 31.10.23 | |||||
| £ | £ | |||||
| Support costs | 6,582 | 8,413 | ||||
| 4. | CHARITABLE ACTIVITIES COSTS | |||||
| Direct | ||||||
| Costs | ||||||
| £ | ||||||
| Grants to institutions | 23,049 | |||||
| Fees for educational resources | 4,396 | |||||
| 27,445 | ||||||
| 5. | SUPPORT COSTS | |||||
| Information | ||||||
| Management Finance |
technology | |||||
| £ | £ | £ | ||||
| Raising donations and legacies | 705 | 148 | 357 | |||
| Governance | ||||||
| Other | costs | Totals | ||||
| £ | £ | £ | ||||
| Raising donations and legacies | 3,572 | 1,800 | 6,582 | |||
| The proportion of management time allocated to each activity has been estimated | as: | |||||
| 31.10.24 | ||||||
| Raising donations and legacies | 100% | |||||
| 6. | INDEPENDENT EXAMINER'S REMUNERATION |
| 31.10.24 | |
|---|---|
| £ | |
| Independent Examiner's Fees - External scrutiny | 600 |
| Independent Examiner's Fees - Accountancy services | 1,200 |
| 1,800 | |
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One Percent Safer CIO
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
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 | ||||
|---|---|---|---|---|---|
| 31.10.24 | 31.10.23 | ||||
| £ | £ | ||||
| Other debtors | 413 | - | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.10.24 | 31.10.23 | ||||
| £ | £ | ||||
| Other creditors | 1,800 | 1,800 | |||
| 12. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| At | movement | At | |||
| 1.11.23 | in funds | 31.10.24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 52,056 | (16,831) | 35,225 | ||
| TOTAL FUNDS | 52,056 | (16,831) | 35,225 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 17,196 | (34,027) | (16,831) | ||
| TOTAL FUNDS | 17,196 | (34,027) | (16,831) |
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One Percent Safer CIO
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.11.22 in funds 31.10.23 £ £ £ 40,180 11,876 52,056 40,180 11,876 52,056 |
Net At movement At 1.11.22 in funds 31.10.23 £ £ £ 40,180 11,876 52,056 40,180 11,876 52,056 |
|---|---|---|
| 52,056 |
Comparative 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 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1.11.22 | in funds | 31.10.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 40,180 | (4,955) | 35,225 |
| TOTAL FUNDS | 40,180 | (4,955) | 35,225 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,693 | (44,648) | (4,955) |
| TOTAL FUNDS | 39,693 | (44,648) | (4,955) |
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One Percent Safer CIO
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024.
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