**TOGETHER IN SAFETY**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
**Company Registration Number: 13718706 Registered Charity number: 1206007 (Charity registered 1 December 2023)**
**TOGETHER IN SAFETY**
|**CONTENTS**|Page|
|---|---|
|Officers and professional advisers|3|
|Trustees' report (including the Stategic report)|4-5|
|Trustees' responsibilities statement|6|
|Consolidated statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9-12|
2
**TOGETHER IN SAFETY**
**OFFICERS AND PROFESSIONAL ADVISERS**
## **TRUSTEES AND OFFICERS**
A J Taylor G Platten N Brown G Westgarth K P Halpenny Resigned 3rd June 2024
## **PRINCIPAL OFFICERS**
Dr G Henderson
Chief Executive
## **BANKERS**
HSBC
## **REGISTERED OFFICE AND OPERATIONAL ADDRESS**
90 Fenchurch Street London EC3M 4ST
3
**TOGETHER IN SAFETY**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees, who are also directors of the charitable company, present their annual report (including the Strategic Report) on the affairs of the charity, together with the financial statements for the year ended 31 December 2024.
## **Structure and Management**
Board of Trustees: Membership is made up of 4 Trustees. The Chief Executive of Together in Safety is a required attendee to all Trustee meetings. Along with their responsibilities as Trustees, they also provide oversight of the programme and activities, to highlight any overall issues or concerns, also in relation to compliance aspects.
Coalition: Membership comprises all of the Industry groups (International Chamber of Shipping, UK Chamber of Shipping, BIMCO, OCIMF, Intertanko, Intercargo, Interferry, World Shipping Council, Cruise Liners International), major ship owners and managers, with representation from across the shipping sectors and regions of the world (Maersk, MSC, VGroup, Euronav, Carnival, Stena, Teekay, Seapeak, International Seaways, Canadian Steamship Lines, Chios Navigation, Ionic Shipping), Classification Societies (ABS, Lloyds Register), Insurance (UK P&I Club, TT Club) and Flag States (Marshall Islands, Panama). The Coalition is a steering group to identify and provide direction for the activities, and allocates resources and leadership for the programme implementation.
Advisory Group: Membership is a small subset of the Coalition Group who help develop strategy, and identify issues and solutions, and are available at any time throughout to assist the Chief Executive.
## **Objectives and Activities**
The objective of Together in Safety is to help shipping companies prevent incidents from occurring and to stop the devastation caused to individuals and their families.
Through a detailed analysis of the root causes of incidents, the key areas are related to the vital role of leadership, the identification of high-risk incident types, and the wellbeing and care of the employees.
The high-risk incident areas have been identified from publicly available information following the analysis of major shipping incidents during the past years across all shipping sectors. This identified that there are 14 major incident types resulting in high-risk events involving fatalities and serious injuries, and/or environmental pollution. The analysis revealed that they are always the same types of incidents, such as collisions, groundings, ships on fire, lost containers, people falling overboard. The conclusion is that these are not accidents, but instead, they are repeatable events that could and should have been avoided. Addressing these events and identifying improvements in safety performance to reduce the risk of them repeating is a key focus for Together in Safety.
## **Achievements and Performance**
1. The Together in Safety Coalition has been expanded by invitation to selected companies to ensure a broad representation across the global shipping industry. A Coalition meeting took place as planned in July, with almost full attendance of the members.
2. A workshop was held in October with a selected group from the Coalition to further develop the vision for Together in Safety and the key objectives for the next 12 months. There were also discussions on how to achieve greater influence of shipping company Owners and CEOs to focus more on safety, how to measure progress and the impact of Together in Safety, and how to position Together in Safety for future success?
3. The Together in Safety website has been reset onto a new stable platform and is being managed on a daily basis, also with support activities as required.
4. The Strategic Drivers of Leadership, Incident Prevention, and Wellbeing & Care have been reviewed to ensure that we have the very best practices available.
5. The Key Behaviours of Great Safety Leaders has been developed to increase understanding of where to make improvements in the key area of leadership.
6. The importance of Wellbeing & Care is being further developed and a programme is being developed.
7. The Golden Safety Rules, which are a key area to improve safety, have been further developed into a complete programme including an implementation guideline, brochure, video and posters.
8. A number of companies have incorporated resources from Together in Safety into their working practices with much success and positive feedback, which are being used as case studies for others to follow.
9. In November, there was a high profile Safety at Sea Conference held in Dubai with over 200 participants on location and over 400 seafarers on ships. The focus of the Conference was on the Together in Safety areas of Leadership, Incident Prevention, and Wellbeing & Care.
10. Social media and communications activities are in place, with a number of high-profile articles published and speaking opportunities taken up.
## **Public Benefit**
The public benefit of Together in Safety is related to safety in preventing serious injury and loss of life in all areas of shipping and port/terminal operations globally. This is regardless of the types of shipping sectors, companies involved, circumstances leading to the incident and operational activities in progress at the time.
4
**TOGETHER IN SAFETY**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial Review**
Both the 2023 and 2024 year end positions were in surplus, with a small deficit in the 2024 year arising as a result of the timing of payments.
## **Details of Funds**
Multi-year funding has been approved from the UK P&I Club, MSC, International Seaways, Northern Marine, V Group, and ABS, to secure the financial well-being of Together in Safety for the forseeable future.
Chair of Trustees
26 September 2025
5
**TOGETHER IN SAFETY**
## **TRUSTEES' RESPONSIBILITIES STATEMENT**
The trustees (who are also directors of Together in Safety for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
6
**TOGETHER IN SAFETY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**Unrestricted funds**|**Unrestricted funds**|
|---|---|---|---|
||**Note**|**2024**|**2023**|
|||£|£|
|**Income From:**||||
|Donations and legacies|3|211,396|185,881|
|**Expenditure on:**||||
|Charitable activities|4|(191,864)|(136,560)|
|Support Costs|5|(22,065)|(40,142)|
|**Net income before tax**||(2,532)|9,179|
|Taxation||-|-|
|**Net (deficit)/income for the year**||(2,532)|9,179|
|||||
|**NET MOVEMENT IN FUNDS**||(2,532)|9,179|
|**RECONCILIATION OF FUNDS:**||||
|Total funds brought forward||20,588|11,409|
|Net movement in funds for the year||(2,532)|9,179|
|Total funds carried forward||18,055|20,588|
There were no other recognised gains or losses other than those listed above and the net income for the year. All income and expenditure derives from continuing activities.
7
**TOGETHER IN SAFETY**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Current assets**
Debtors and other recievables
- due within one year
6
Cash at bank
7
**Total net assets**
**Funds of the charity**
Unrestricted funds:
8
**Total Funds**
**Creditors:**Amounts falling due within one year
**Net current assets**|**2024**
£
53,651
33,714
87,365
(69,309)
18,055
18,055
18,055
18,055|**2023**
£|
|---|---|---|
|||155,300
99,624|
|||254,924
(234,336)|
|||20,588|
|||20,588|
|||20,588|
|||20,588|
The deficit of the charity for the year for Companies Act purposes is £2,532 (2023: £9,179 surplus).
For the year ending 31 December 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The Trustees have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements of the charity Together in Safety (registered number 1206007) were approved by the Board of Trustees and authorised for issue on 2025. They were signed on its behalf by:
Chair of Trustees 26 September 2025
8
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **1.1 Company and charitable status**
Together in Safety, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having share capital. There are currently four Trustees who are also the members of the company. Each member has undertaken to contribute to the assets in the event of winding up a sum not exceeding £10. The charity is a registered charity. The registered office is given on page 1.
## **1.2 Basis of accounting**
The financial statements are prepared under the historical cost convention, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities (SORP 2019)” 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; and the Companies Act 2006.
The Company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of its separate financial statements in relation to presentation of a cash flow statement.
The principal accounting policies are set out below.
## **1.3 Preparation of financial statements - going concern basis**
The Trustees consider that the going concern assumption is an appropriate basis on which to prepare these financial statements.
## **1.4 Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised - refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Expenditure on charitable activities includes:
- direct costs of delivering grants and services £213,928.
9
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **1.6 Taxation**
The company is a registered charity and has no liability to corporation tax on its charitable activities under the Corporation Tax Act 2010 (chapters 2 and 3 of part ii, section 466 onwards) or Section 256 of the Taxation for Chargeable Gains Act 1992, to the extent surpluses are applied to its charitable purposes.
## **1.7 Financial instruments**
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
In the application of the company’s accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.
## **3. ANALYSIS OF INCOME FROM DONATIONS, LEGACIES AND GRANTS**
|Donations|**2024**
£
211,396
211,396|**2023**
£|
|---|---|---|
|||185,881|
|||185,881|
10
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
|Fundraising and events, including staff costs|**Total**
**Total**
**2024**
**2023**
£
£
191,864
136,560
191,864
136,560|
|---|---|
## **Staff Costs**
The charity employed one member of staff during the year. This individual, who is the Principal Officer of the charity, is also a director of the charitable company but not a charity trustee. The salary in 2024 was the same as in 2022 and 2023 at £120,000. There was an underpayment in previous years of £50,000, which was instead made up in 2024 as funds became available. This resulted in total employment costs for the 2024 year of £170,000.
## **5. ANALYSIS OF SUPPORT COSTS**
|Governance and setup costs
Finance (bank charges)
**6. DEBTORS**
**Amounts falling due within one year:**
Trade debtors
**7. CREDITORS**
**Amounts falling due within one year:**
Trade creditors
Payroll and related taxes
Accruals and deferred income
**Deferred income**
Brought forward
Released in the year
Deferred in the year
Carried forward|**Total**
**2024**
£
21,557
508
22,065
**2024**
£
53,651
53,651
**2024**
£
18,000
16,140
35,169
69,309
35,169
(35,169)
35,169
35,169|**Total**
**2023**
£|
|---|---|---|
|||40,075
67|
|||40,142|
|||**2023**
£|
|||155,300|
|||155,300|
|||**2023**
£|
|||31,000
168,167
35,169|
|||234,336|
|||83,484
(83,484)
35,169|
|||35,169|
11
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **8. MOVEMENTS IN FUNDS**
|**Year ended 31 December 2024**
General fund
**Total charity funds**
Unrestricted funds total
Unrestricted funds:|**At 1 January**
**2024**
20,588|**Income**
211,396|**Expenditure**
213,928|**Gains /**
**(losses)**
-|**At 31**
**December**
**2024**
18,055|
|---|---|---|---|---|---|
||20,588|211,396|213,928|-|18,055|
|||||||
||||||18,055|
## **9. ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS**
|Current assets
Current liabilities
As at 31 December|**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2024**
**2023**
£
£
87,365
254,924
(69,309)
(234,336)
18,055
20,588|
|---|---|
12
**TOGETHER IN SAFETY**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
**Company Registration Number: 13718706 Registered Charity number: 1206007 (Charity registered 1 December 2023)**
**TOGETHER IN SAFETY**
|**CONTENTS**|Page|
|---|---|
|Officers and professional advisers|3|
|Trustees' report (including the Stategic report)|4-5|
|Trustees' responsibilities statement|6|
|Consolidated statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9-12|
2
**TOGETHER IN SAFETY**
**OFFICERS AND PROFESSIONAL ADVISERS**
## **TRUSTEES AND OFFICERS**
A J Taylor G Platten N Brown G Westgarth K P Halpenny Resigned 3rd June 2024
## **PRINCIPAL OFFICERS**
Dr G Henderson
Chief Executive
## **BANKERS**
HSBC
## **REGISTERED OFFICE AND OPERATIONAL ADDRESS**
90 Fenchurch Street London EC3M 4ST
3
**TOGETHER IN SAFETY**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees, who are also directors of the charitable company, present their annual report (including the Strategic Report) on the affairs of the charity, together with the financial statements for the year ended 31 December 2024.
## **Structure and Management**
Board of Trustees: Membership is made up of 4 Trustees. The Chief Executive of Together in Safety is a required attendee to all Trustee meetings. Along with their responsibilities as Trustees, they also provide oversight of the programme and activities, to highlight any overall issues or concerns, also in relation to compliance aspects.
Coalition: Membership comprises all of the Industry groups (International Chamber of Shipping, UK Chamber of Shipping, BIMCO, OCIMF, Intertanko, Intercargo, Interferry, World Shipping Council, Cruise Liners International), major ship owners and managers, with representation from across the shipping sectors and regions of the world (Maersk, MSC, VGroup, Euronav, Carnival, Stena, Teekay, Seapeak, International Seaways, Canadian Steamship Lines, Chios Navigation, Ionic Shipping), Classification Societies (ABS, Lloyds Register), Insurance (UK P&I Club, TT Club) and Flag States (Marshall Islands, Panama). The Coalition is a steering group to identify and provide direction for the activities, and allocates resources and leadership for the programme implementation.
Advisory Group: Membership is a small subset of the Coalition Group who help develop strategy, and identify issues and solutions, and are available at any time throughout to assist the Chief Executive.
## **Objectives and Activities**
The objective of Together in Safety is to help shipping companies prevent incidents from occurring and to stop the devastation caused to individuals and their families.
Through a detailed analysis of the root causes of incidents, the key areas are related to the vital role of leadership, the identification of high-risk incident types, and the wellbeing and care of the employees.
The high-risk incident areas have been identified from publicly available information following the analysis of major shipping incidents during the past years across all shipping sectors. This identified that there are 14 major incident types resulting in high-risk events involving fatalities and serious injuries, and/or environmental pollution. The analysis revealed that they are always the same types of incidents, such as collisions, groundings, ships on fire, lost containers, people falling overboard. The conclusion is that these are not accidents, but instead, they are repeatable events that could and should have been avoided. Addressing these events and identifying improvements in safety performance to reduce the risk of them repeating is a key focus for Together in Safety.
## **Achievements and Performance**
1. The Together in Safety Coalition has been expanded by invitation to selected companies to ensure a broad representation across the global shipping industry. A Coalition meeting took place as planned in July, with almost full attendance of the members.
2. A workshop was held in October with a selected group from the Coalition to further develop the vision for Together in Safety and the key objectives for the next 12 months. There were also discussions on how to achieve greater influence of shipping company Owners and CEOs to focus more on safety, how to measure progress and the impact of Together in Safety, and how to position Together in Safety for future success?
3. The Together in Safety website has been reset onto a new stable platform and is being managed on a daily basis, also with support activities as required.
4. The Strategic Drivers of Leadership, Incident Prevention, and Wellbeing & Care have been reviewed to ensure that we have the very best practices available.
5. The Key Behaviours of Great Safety Leaders has been developed to increase understanding of where to make improvements in the key area of leadership.
6. The importance of Wellbeing & Care is being further developed and a programme is being developed.
7. The Golden Safety Rules, which are a key area to improve safety, have been further developed into a complete programme including an implementation guideline, brochure, video and posters.
8. A number of companies have incorporated resources from Together in Safety into their working practices with much success and positive feedback, which are being used as case studies for others to follow.
9. In November, there was a high profile Safety at Sea Conference held in Dubai with over 200 participants on location and over 400 seafarers on ships. The focus of the Conference was on the Together in Safety areas of Leadership, Incident Prevention, and Wellbeing & Care.
10. Social media and communications activities are in place, with a number of high-profile articles published and speaking opportunities taken up.
## **Public Benefit**
The public benefit of Together in Safety is related to safety in preventing serious injury and loss of life in all areas of shipping and port/terminal operations globally. This is regardless of the types of shipping sectors, companies involved, circumstances leading to the incident and operational activities in progress at the time.
4
**TOGETHER IN SAFETY**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial Review**
Both the 2023 and 2024 year end positions were in surplus, with a small deficit in the 2024 year arising as a result of the timing of payments.
## **Details of Funds**
Multi-year funding has been approved from the UK P&I Club, MSC, International Seaways, Northern Marine, V Group, and ABS, to secure the financial well-being of Together in Safety for the forseeable future.
Chair of Trustees
26 September 2025
5
**TOGETHER IN SAFETY**
## **TRUSTEES' RESPONSIBILITIES STATEMENT**
The trustees (who are also directors of Together in Safety for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
6
**TOGETHER IN SAFETY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**Unrestricted funds**|**Unrestricted funds**|
|---|---|---|---|
||**Note**|**2024**|**2023**|
|||£|£|
|**Income From:**||||
|Donations and legacies|3|211,396|185,881|
|**Expenditure on:**||||
|Charitable activities|4|(191,864)|(136,560)|
|Support Costs|5|(22,065)|(40,142)|
|**Net income before tax**||(2,532)|9,179|
|Taxation||-|-|
|**Net (deficit)/income for the year**||(2,532)|9,179|
|||||
|**NET MOVEMENT IN FUNDS**||(2,532)|9,179|
|**RECONCILIATION OF FUNDS:**||||
|Total funds brought forward||20,588|11,409|
|Net movement in funds for the year||(2,532)|9,179|
|Total funds carried forward||18,055|20,588|
There were no other recognised gains or losses other than those listed above and the net income for the year. All income and expenditure derives from continuing activities.
7
**TOGETHER IN SAFETY**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Current assets**
Debtors and other recievables
- due within one year
6
Cash at bank
7
**Total net assets**
**Funds of the charity**
Unrestricted funds:
8
**Total Funds**
**Creditors:**Amounts falling due within one year
**Net current assets**|**2024**
£
53,651
33,714
87,365
(69,309)
18,055
18,055
18,055
18,055|**2023**
£|
|---|---|---|
|||155,300
99,624|
|||254,924
(234,336)|
|||20,588|
|||20,588|
|||20,588|
|||20,588|
The deficit of the charity for the year for Companies Act purposes is £2,532 (2023: £9,179 surplus).
For the year ending 31 December 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The Trustees have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements of the charity Together in Safety (registered number 1206007) were approved by the Board of Trustees and authorised for issue on 2025. They were signed on its behalf by:
Chair of Trustees 26 September 2025
8
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **1.1 Company and charitable status**
Together in Safety, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having share capital. There are currently four Trustees who are also the members of the company. Each member has undertaken to contribute to the assets in the event of winding up a sum not exceeding £10. The charity is a registered charity. The registered office is given on page 1.
## **1.2 Basis of accounting**
The financial statements are prepared under the historical cost convention, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities (SORP 2019)” 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; and the Companies Act 2006.
The Company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of its separate financial statements in relation to presentation of a cash flow statement.
The principal accounting policies are set out below.
## **1.3 Preparation of financial statements - going concern basis**
The Trustees consider that the going concern assumption is an appropriate basis on which to prepare these financial statements.
## **1.4 Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised - refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Expenditure on charitable activities includes:
- direct costs of delivering grants and services £213,928.
9
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **1.6 Taxation**
The company is a registered charity and has no liability to corporation tax on its charitable activities under the Corporation Tax Act 2010 (chapters 2 and 3 of part ii, section 466 onwards) or Section 256 of the Taxation for Chargeable Gains Act 1992, to the extent surpluses are applied to its charitable purposes.
## **1.7 Financial instruments**
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
In the application of the company’s accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.
## **3. ANALYSIS OF INCOME FROM DONATIONS, LEGACIES AND GRANTS**
|Donations|**2024**
£
211,396
211,396|**2023**
£|
|---|---|---|
|||185,881|
|||185,881|
10
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES**
|Fundraising and events, including staff costs|**Total**
**Total**
**2024**
**2023**
£
£
191,864
136,560
191,864
136,560|
|---|---|
## **Staff Costs**
The charity employed one member of staff during the year. This individual, who is the Principal Officer of the charity, is also a director of the charitable company but not a charity trustee. The salary in 2024 was the same as in 2022 and 2023 at £120,000. There was an underpayment in previous years of £50,000, which was instead made up in 2024 as funds became available. This resulted in total employment costs for the 2024 year of £170,000.
## **5. ANALYSIS OF SUPPORT COSTS**
|Governance and setup costs
Finance (bank charges)
**6. DEBTORS**
**Amounts falling due within one year:**
Trade debtors
**7. CREDITORS**
**Amounts falling due within one year:**
Trade creditors
Payroll and related taxes
Accruals and deferred income
**Deferred income**
Brought forward
Released in the year
Deferred in the year
Carried forward|**Total**
**2024**
£
21,557
508
22,065
**2024**
£
53,651
53,651
**2024**
£
18,000
16,140
35,169
69,309
35,169
(35,169)
35,169
35,169|**Total**
**2023**
£|
|---|---|---|
|||40,075
67|
|||40,142|
|||**2023**
£|
|||155,300|
|||155,300|
|||**2023**
£|
|||31,000
168,167
35,169|
|||234,336|
|||83,484
(83,484)
35,169|
|||35,169|
11
**TOGETHER IN SAFETY**
## **NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 (continued)**
## **8. MOVEMENTS IN FUNDS**
|**Year ended 31 December 2024**
General fund
**Total charity funds**
Unrestricted funds total
Unrestricted funds:|**At 1 January**
**2024**
20,588|**Income**
211,396|**Expenditure**
213,928|**Gains /**
**(losses)**
-|**At 31**
**December**
**2024**
18,055|
|---|---|---|---|---|---|
||20,588|211,396|213,928|-|18,055|
|||||||
||||||18,055|
## **9. ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS**
|Current assets
Current liabilities
As at 31 December|**Unrestricted**
**funds**
**Unrestricted**
**funds**
**2024**
**2023**
£
£
87,365
254,924
(69,309)
(234,336)
18,055
20,588|
|---|---|
12
Independent Examiner's Report to the
Trustees of Together in Safety
st
I rcport on the accounts of Togetlier in Safety for the year ended 31 Deccmber 2024: which
are set out on pages 4-12 of the financial Report.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are
responsible for the preparation of the accounts. The trustees consider that an audit is not
requircd for this vear undcr scction 144 of thc Charitics Act 2011 ("the Act ) and that an
independent examination is needed.
It is Iny responsibility to:
exni1]e the accounts under section 145 of Ihe ACL
to follow the procedures laid down in the general Directions given by the Charity
Commission under section 145(5)(b) of the Acl: and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the
Charily Commission. An examinalion includes a review of thc accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual itcms or disclosures in the accounts, and the seeking of
explanations from the trustees concerning an)r such matters.
l-he proccdures undcrtakcn do not provide all the evidcnce that would bc required in an aiidil
and, consequently, I do not expre.ss an audit opinion on the accounts.
Independent examiner's statement
In connection w'ith my examination, no mdtters have come to my attention w'hich giN'e me
causc 10 bclicvc that: in any material rcspccl:
accounting records were not kept in respect of the company as required by seLtion 386
of the Companies Aci 2006; or
2. Ihe accounts do not accord with those records. or
3. the accounts do not comply with the accounting requirements ofthe Companics Aci
2006 as modified by the Charities Act 201 I; or
4. IliL clLL()Ullts dc) 11()t Loiiipl), %%'itli tlie Cliarities (Acc()IintS and Report.s) Regyul