# **REGISTERED COMPANY NUMBER: 00185577 (England and Wales) REGISTERED CHARITY NUMBER: 207120** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021** ## **for** ## **BRITISH HUMANE ASSOCIATION** Knox Cropper LLP Chartered Accountants 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ **BRITISH HUMANE ASSOCIATION** **Contents of the Financial Statements for the Year Ended 31 December 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 4| |**Independent Examiner's Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7 to 8| |**Notes to the Financial Statements**|9 to 16| |**Detailed Statement of Financial Activities**|17 to 18| **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Report of the Trustees for the Year Ended 31 December 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The primary aim of the company, which is a registered charity, is the promotion of benevolence for the good of humanity and the community, through grant making. The directors of the Association have decided, that in order to increase the amount available for grant distribution to beneficiaries, they will transfer funds to other charitable organisations, which have in place systems for identifying and assisting deserving cases in need. By so doing, they will not duplicate selection processes and the resultant costs. It is the intention that any one or more of the directors will examine requests for assistance received and submit a proposal to the board to award a one-off, set period or continuing grant to any body, which has applied for assistance. Three classes of charities have been designated to receive support in accordance with our Articles of Association these are: Charities directly involved in the relief of inhumane activities Charities distributing grants to individuals Charities providing relief of poverty, sickness or benefit to the community. ## **Public benefit** When setting the objectives and planning the work of the Charity for the year, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and are of the view that the principles are clearly met. Page 1 **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Report of the Trustees for the Year Ended 31 December 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charity's main source of income is generated through investments. The income received is used to determine the grants to be made usually in May and October. During the year, in pursuit of its humane objects, the company made grants for charitable purposes amounting to £160,000 (2020: £89,000). Income from investments and deposits totalled £141,325 (2020: £120,623), Realised and unrealised gains for the year were £607,210 (2020: loss £65,596), resulting in a net income for the year of £546,362 (2020: net deficit £73,909). As a result of the realised and unrealised investment gains mentioned above, the value of the Charity's investments rose from £5.216m last year to £5.691m at 31 December 2021. 2021 ended up being another good year for long term charitable funds and for the British Humane Association 's fund which produced a total return of over 14%. Equities were boosted by signs of economic recovery that had begun towards the end of 2020 when vaccines were introduced which in turn allowed people to venture out and economies to reopen. In a world where investors were willing to take on risk, government bonds, which had been held when investors were risk averse, fell back but investments which were focussed on the future did particularly well with the US market especially strong due to the high number of technology stocks within its market. British Humane Association invests in a mixture of bonds and equities both in the UK and overseas and other assets such as property. This balance of assets meant that whilst some assets fell back the overall return captured the strength of equity markets and was strongly positive over the 12 month period to the end of 2021. The Trustees are aware of the consequences for investments of the present reduction in expectation for world economic growth , the significant rise in inflationary pressures and the horrific situation in Ukraine. ## **FINANCIAL REVIEW** ## **Investment policy and objectives** The directors have appointed professional managers with discretionary powers to invest. They have been provided with an Investment Policy Statement approved by the Trustees. This document states that the investment objective is to achieve long term capital appreciation at least sufficient to offset the impact of inflation and at the same time to generate a reasonable level of income to meet our charitable expenditure needs. The Investment Policy Statement is regularly reviewed by the directors. The granting of discretionary powers is on the understanding that the fund will consist of fixed interest and equity investment with no bar upon the purchase of high quality overseas stocks or specialist trusts. The composition of the portfolio is assessed by the Investment Advisers to ensure that it is appropriately positioned to respond to prevailing market conditions. ## **Restrictions** The Directors regularly review what restrictions to place upon investments which can be made by the Advisers . At the present time the only restriction is that no investment can be made in the shares of companies which manufacture tobacco products. Page 2 **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Report of the Trustees for the Year Ended 31 December 2021** ## **FINANCIAL REVIEW** ## **Reserves policy** Whilst the Association has very low administrative costs, the amount of investment income is fairly consistent each year. Consequently the investment income achieved in the year is used to determine the level of grants to be made in the following year. The directors have agreed that future grants in any one year should total up to 4% of the capital value of the portfolio as at the end of the previous financial year. This is regarded as a ceiling and not a target. It will be reviewed at all Board Meetings in order to consider any material movement in portfolio values since the end of the previous financial year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** British Humane Association was established on 8th November 1922 as a company limited by guarantee, incorporated on 8th November 1922, and registered as a charity on 22nd September 1962. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The members are liable for the debts and liabilities of the Association to an amount not exceeding £1 per member in the event of a winding-up during their membership, or within one year afterwards. ## **Recruitment and appointment of new trustees** The governors of the company appoint the directors. Each of the governors appoints three directors. When a vacancy occurs the appropriate governor makes the appointment. ## **Organisational structure** The board meets twice a year to receive reports from the Company Secretary and the Investment Advisers. The Articles of Association require that a quorum of at least three members be present when the meeting proceeds to business. ## **Induction and training of new trustees** Directors are selected for their financial, investment and business abilities and also with a knowledge of charitable activities. Appropriate induction and training is given so that they may contribute effectively to the governance of the company. They are made aware of the statutory obligations as a director and as a trustee. ## **Risk management** The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. ## **Compliance, GDPR , Policies and Procedures** Policies addressing Conflict of Interests, Data Protection and Safeguarding are in place. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 00185577 (England and Wales) ## **Registered Charity number** 207120 Page 3 ## **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Report of the Trustees** ## **for the Year Ended 31 December 2021** ## **Registered office** Suite One 4 Bessemer Road Cardiff CF11 8BA ## **Trustees** For the purposes of charity law, the directors are the trustees of the charity. ## **Governors** The following were governors of the charity: The Campbell-Johnston Family The Order of St John The Guild of Freemen of the City of London The directors of the charity, who were appointed by the Governors of the charity, for all or part of the year were: ## **Campbell Johnston Family** Ms Anna Campbell-Johnston Mr Edward William Campbell Campbell-Johnston Ms Rachel Frances Campbell-Johnston MA PHD ## **The Order of St John** Mr Duncan Cantlay TD DL MBE FRCS Mr Anthony Hugh Chignell FRCOphth Mr Philip Gee **The Guild of Freemen of the City of London** Mrs Anne Elizabeth Holden Mr Michael Terence Nemko (Chairman) JP FCA Dr John Smail JP BDS(HONS) LDS RCS FSAScot ## **Company Secretary** Mrs S Fox ## **Independent Examiner** Knox Cropper LLP Chartered Accountants 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Approved by order of the board of trustees on 13 May 2022 and signed on its behalf by: Mrs S Fox - Secretary Page 4 **Independent Examiner's Report to the Trustees of British Humane Association (Registered number: 00185577)** ## **Independent examiner's report to the trustees of British Humane Association ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Stephen Anderson Association of Chartered Certified Accountants Knox Cropper LLP Chartered Accountants 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ 13 May 2022 Page 5 ## **BRITISH HUMANE ASSOCIATION** ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
4
Grants
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2021**
**Unrestricted**
**fund**
**£**
**-**
**141,325**
**141,325**
**33,117**
**169,056**
**202,173**
**607,210**
**546,362**
**5,459,638**
**6,006,000**|2020

Total
funds
£
5
120,623
120,628
31,122
97,819
128,941
(65,596)
(73,909)
5,533,547
5,459,638| |---|---|---| The notes form part of these financial statements Page 6 ## **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Balance Sheet 31 December 2021** |Notes
**FIXED ASSETS**
Investments
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**2021**
2020
**Unrestricted**
Total
**fund**
funds
**£**
£
**5,691,493**
5,216,043
**27,174**
28,595
**289,997 **
217,550
**317,171**
246,145
**(2,664)**
(2,550)
**314,507**
243,595
**6,006,000**
5,459,638
**6,006,000**
5,459,638
**6,006,000**
5,459,638
**6,006,000**
5,459,638| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 7 continued... ## **BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)** ## **Balance Sheet - continued 31 December 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2022 and were signed on its behalf by: M T Nemko - Trustee D A Cantlay - Trustee The notes form part of these financial statements Page 8 **BRITISH HUMANE ASSOCIATION** **Notes to the Financial Statements for the Year Ended 31 December 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **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. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **Investments** Investment income is recognised in the statement of financial activities when the income becomes payable and is grossed up for tax recoverable, where appropriate. Investment assets are valued at market value at the balance sheet date. Realised gains and losses on investments are arrived at by comparing the net sale proceeds with the market value at the end of the previous financial year; unrealised gains and losses represent the difference between the market value of investments still held at the end of the financial year with their value at the beginning of the year or with their cost, if purchased subsequently. ## **2. INVESTMENT INCOME** |Investment income
Deposit account interest|**2021**
**£**
**141,325**
**-**
**141,325**|2020
£
120,621
2| |---|---|---| |||120,623| Page 9 continued... **BRITISH HUMANE ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **3. RAISING FUNDS** |**Investment management costs**
Management fees
**4.**
**CHARITABLE ACTIVITIES**
Grants
**5.**
**GRANTS PAYABLE**
Grants provided to charities|Grant
funding of
activities
(see note
5)
£
**160,000**|**2021**
**£**
**33,117**
Support
costs (see
note 6)
£
**9,056**
**2021**
**£**
**160,000**|2020
£
31,122
Totals
£
**169,056**|2020
£
31,122| |---|---|---|---|---| ||||2020
£
89,000|| Page 10 continued... **BRITISH HUMANE ASSOCIATION** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **5. GRANTS PAYABLE - continued** The total grants paid to institutions during the year was as follows: ||**2021**|2020| |---|---|---| ||**£**|£| |The Order of St John St John Jerusalem Eye Hospital|**10,000**|-| |Karibuni Trust|**10,000**|-| |Genesis Trust|**-**|5,000| |Medical Engineering Resource Unit|**-**|5,000| |Apex Charitable Trust Limited|**2,500**|-| |City Gate Community Project|**3,000**|-| |Children with Cancer and Leukaemia Advice and Support for Parents|**-**|4,000| |Safe Hands for Mothers|**5,000**|-| |Off The Fence|**2,500**|-| |Helen Bamber Foundation|**4,000**|-| |Village Water|**4,000**|-| |The Mango Tree|**5,000**|-| |IMET 2000|**5,000**|-| |The Respite Association|**-**|3,000| |Congo Childrens Trust|**-**|5,000| |Serve|**5,000**|-| |Teen Action|**4,000**|-| |REACT|**4,000**|-| |Finsbury & Clerkenwell Volunteers|**-**|5,000| |World Medical Fund for Children|**-**|5,000| |Rowan Alba|**-**|5,000| |The Kraszy Kat Theatre Company|**-**|4,000| |Educate for Life|**-**|5,000| |Cambridge Reuse|**-**|5,000| |Deaf World|**-**|3,000| |Multi-Cultural Family Base|**-**|5,000| |The Abraham Initiatives|**-**|5,000| |Bath & North East Somerset Carers|**-**|5,000| |CREW 2000 Scotland|**-**|5,000| |Families Outside|**-**|5,000| |Paul's Cancer Support Centre|**-**|5,000| |S.A.L.V.E. International|**-**|5,000| |Clapton Common Boy's Club|**5,000**|-| |Prevent to Protect|**2,000**|-| |Reuban's Retreat|**4,000**|-| |The Sussex Beacon|**5,000**|-| |JPC Community Farm|**6,000**|-| |School Home Support|**5,000**|-| |The Wave Trust|**6,300**|-| |The Hands Up Foundation|**3,000**|-| |Sebastian Action Trust|**6,000**|-| |InterAct Stroke Support|**6,000**|-| |Child Autism UK|**5,000**|-| |The Happy and Healthy Trust|**3,600**|-| |Powerhouse|**2,000**|-| |BlindAid|**5,000**|-| Page 11 continued... ## **BRITISH HUMANE ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** |**5.**
**GRANTS PAYABLE - continued**
Chance for Childhood
Carousel
Southover Partnership
Children Ahead
St Andrew's Hospice
Sunshine Wishes Childfren's Charity
New Israel Fund for Clore Jewish Arab Centre|**5,000**
**1,600**
**5,000**
**5,000**
**5,000**
**5,000**
**5,500**
**160,000**|-
-
-
-
-
-
-
89,000| |---|---|---| |**6.**
**SUPPORT COSTS**
Governance
Finance
costs
£
£
**341**
**8,715**
Support costs are as follows:
**2021**
**£**
Postage and stationery
**-**
Sundries
**229**
Bank charges
**112**
Secretary's fee
**6,057**
Independent examiners fee
**2,658**
**9,056**|Totals
£
**9,056**
2020
£
**88**
**30**
**67**
**6,000**
**2,634 **
**8,819**| |---|---| Page 12 continued... **BRITISH HUMANE ASSOCIATION** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. ## **8. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 January 2021
Additions
Proceeds of disposal
Unrealised gains/(losses)
Realised gains/(losses) on disposal
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|Listed
investments
£
**5,216,043**
**712,240**
**(844,000)**
**578,160**
**29,050**
**5,691,493**
**5,691,493**
5,216,043| |---|---| Included within listed investments were investment assets outside the UK of £2,411,913 (2020: £2,055,306). Cost or valuation at 31 December 2021 is represented by: |Valuation in 2021|**Listed**
**investments**
**£**
**5,691,493**| |---|---| Page 13 continued... **BRITISH HUMANE ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** |**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**11.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
**5,459,638**
**TOTAL FUNDS**
**5,459,638**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**141,325**
**(202,173)**
**TOTAL FUNDS**
**141,325**
**(202,173) **
**Comparatives for movement in funds**
At 1.1.20
£
**Unrestricted funds**
General fund
5,533,547
**TOTAL FUNDS**
5,533,547||**2021**
**£**
**27,174**
**2021**
**£**
**2,664 **
Net
movement
in funds
£
**546,362**
**546,362 **
Gains and
losses
£
**607,210**
**607,210**
Net
movement
in funds
£
(73,909)
(73,909)|2020
£
28,595
2020
£
2,550
At
31.12.21
£
**6,006,000**
**6,006,000**
Movement
in funds
£
**546,362**
**546,362**
At
31.12.20
£
5,459,638
5,459,638| |---|---|---|---| ||||| ||||| ||||| Page 14 continued... **BRITISH HUMANE ASSOCIATION** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
120,628
(128,941)
**TOTAL FUNDS**
120,628
(128,941)
A current year 12 months and prior year 12 months combined position is as
At 1.1.20
£
**Unrestricted funds**
General fund
5,533,547
**TOTAL FUNDS**
5,533,547|Gains and
losses
£
(65,596)
(65,596)
follows:
Net
movement
in funds
£
472,453
472,453|Movement
in funds
£
(73,909)
(73,909)
At
31.12.21
£
6,006,000
6,006,000| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
261,953
261,953|Resources
expended
£
(331,114)
(331,114)|Gains and
Movement
losses
in funds
£
£
541,614
472,453
541,614
472,453| |---|---|---|---| Page 15 continued... **BRITISH HUMANE ASSOCIATION** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **12. RELATED PARTY DISCLOSURES** During the year grants totalling £10,000 were paid to The Order of St John St John Jerusalem Eye Hospital. The Order of St John is a Governor of this Charity. All grants awarded to The Order of St John were unanimously agreed by the Directors of this Charity. The directors representing the Order of St John have no financial interest in either British Humane Association or The Order of St John. Page 16 This page does not form part of the statutory financial statements Page 18