REGISTERED COMPANY NUMBER: (KJ185577 (Engl•nd and Wales) REGISTERED CHARITY NUAIBER: 207120 Raport of th• Tntst•es and Unaudlted Flnanclal Statements forthe Y•ar End•d 31 D•e•fflr 2023 for BRITISH HUMANE ASSOCIATION lthox Cropper LLP Chartered Accountants 153 -155 Lonijon Road H8mél H8mpsl8ad Hertford$hi HP3 9SQ
BRITISH HUMANE ASSOCIATION Contents of the Financlal Stalements for the Year Ended 31 December 2023 Page Report of the TTU5toes 1 to 5 Indépendent Examlnefs Report statemènt of Flnanclal A¢tlvltle$ Balance Sheet Notes to thè Flnanclal Statements 10 to 17
BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: I)0185577J Report ofthe Tnotees forthe Year Endèd 31 December 2023 The trustees who aro dso direLaors of the tharity for the purposes of the Companigs Act 2CQ6, present Ihr report with the finanaal staternents of the tharity for the year ended 31 Dember 2023. The trustees have adopted the prl)VionS of Accounting and Reporting by Charities". SlalemeNI of Recommended Pr8Ctic8 applicable to charili8s prepanryq their ac(x)unts in 8C(yJtdance with the Financ481 Reporting Standard applicat)18 In tt)e UK and Republlc of Ireland IFRS 1021 {eff8clive 1 January 2019). OBJECTIVES AND ACTMTIES Objectlves and alms The primary aim of Ihe c(Mnpany, whith is a règistered tharity, is the promotion of benevolence for the good of humanity the community, through ant maknng. The direclors of the Ass0(aali( have decided, that in order to incTrase the amount available for grant distribution lo nefiades. tw wll transfer funds to other charilablg organi5ations, which have in place systems for identfying and assisting desetving cases in need. By so doing. Ihey will not dultate selection processes ar¥J the resultant costs. 11 is the intention that any one or more of the directors will examine requests for asstan reiVed and submit a prowsal to the board lo award a one-off, set per or continuing grant lo any body, which has aFpli8d for assistance. Three dasses of charities have béen d@gnled to receive SUPPOrt In accordance wth our Artid95 of Association these .. Charities diredy involved in the relief of inhumane adiviti8S Charities dislrilxrting grants lo dIdual5 Charities providing relief of poverty. Ckn$S or b8rfit to the communlty. Public benerrt hen setts.ng th8 objectives and planning the work of the Charity for the y¢ar, th8 tnjstees have given caref consideraticK to the Charity Commission's general guidan¢% on public benefit and are of the view that th• princaples are dearty met. Page 1
BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577) Report of the Trustees forthe Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Charftable actlvltlès The carity's main souro of income is gen8rated through invesknents. The incK)me rec8ived is used to déterrnine the grants lo be made usually in May and October. During the year, in pursuit of its humane objecAive$. the company made granls for chantsble purposes arllounling to £161,90012022'. £165,OCQ). Income from investments and deposits totalied £119,724 (2Iy22'. £134,403). Realised and unrealised gains for the year weTe1£303,669}12022: lows £664,091), resulting in a ng1 income for the year of £217,91212022.'net exp8ndilure £737,189) As 8 result of the lised and unrealised investment gains mentioned above, the Ydlue of tre CharitI5 investments rose from £4.916m18st year to £5.458m at 31 Dmber 2023. Whilst markets struggled for muL of 2023 a rally in markets towards the end of the calendar year. helped by the belief that interest rates in much of the developed worfd had peaked, led to a strong rally in mafke15. US equities perfomed particularty well, produung a total retum for the sterting based investor of 19.2%, whilst relLJrns for ernerging mark&ts wèrè again relalively lacklustre, producing a total r&turn of 4.1%. Bond markets were also more muted but after a long periDd of neg8b.ve relums producBd positive retums with the FT British Govemrnent All Slocks index up 3.7%. Against this background the fund rose by 8.4% gross17.7% net) whith was ahead of the retum for the average charity in the ARC Steady Growlh Universe of 7.5%. Perforn)8n was helped by hamro a 9ood weighting in overseas UltieS and in Pa'Cular in US equities. Lwking foardS whilst there is plenty of reason lo be cautious the strength of markets towards thè end of 2023 hlghlighted the polItY of markels recovering rf and when interest rates start coming down FINANCIAL REVIEW Investment policy and objectives The directors have appointed prOfeSonal manw with discretionary powers lo invest. They hav& been provided wlh an Inv8stsnent Poliq Statemènt approved by the TNslees. This document states that the investment objective is to achieve long temi capital appreaalion at least suffiaent to offset the imp8Ct of iniiation and at the same time to gerErate a reasonable level of income to meet our eharilab1e expenditure needs. The Investment Policy Statement Is regularty re&ed by the directors. The grants.ng of dIscreticary powers is on the derstandIng that the fund will consst of fixed interest and ewity Inv8Stm•nt with no bar un the purth88e of high quality overseas stocks or spec48list tN$ts. The c¥Jmwtion of the portfolio is assessed by the Investment Advi$ers to ensure that il is appropriately po&lioned to reSpd to prevailing m8rttet (ndItiOnS. Restrlctlons The Diredors regulady miaw what restriclb)n$ lo place Up( invesknents whith can be mad8 by thè Advisèrs . Al the present b.me the only restri¢Xion is that no inv8$1mènl bè made in the shares of companies which manufacture tobacco prothjcts. P89e 2
BRIT18H HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577) Report 01 the Tnte¢S for the Year Ended 31 December 2023 FINANCIAL REVIEW Reserve$ policy ilst the Assouats'on has very low administratsve costs, the amount of investment inc¢)me is fairly consistent 8acli year. Consequenlly thg investm8nt inc£Jm8 athieved in the year is used lo delemine the level of grants to be made in th8 following year. The directors have agreed that fvlure grants in any one year should total up to 40 of the capital valua of the portfolio as al tha end of th8 previous financaal year. This 15 regarded as a (iling 8nd not a tsrg81. It will be revtewed at all Board Megtings in order to consider any material movement in puffolio values &nce the end of the previous fin•aal year. STRUCTUR GOVERNANCE AND MANAGEMENT Govemlng document British Humane Assoc¢ation was establi)ed on 8th November 1922 as a company limited by guarantee, incorporated on 8th Novembef 1922, an¢Y fftgistered as a charity on 22nd September 1962. The o)mpany was established under a Memorandum of Asswalion, which established Ihe objects and powers of the tharitable company and 1$ governed under its Ariides of Assoaalion. The fflberS are liable for the debts and liabilrties of the Association to an amcunl not exceeding £1 Fer member in the event of a winding-up during thelr membership, 01 wthin one year afteards. RecNttment and appolntment of new trustses The governors of thg coynpany apwint the difeclors. Each of the governors appoints three diredcfs. When a vac2n¢y occurs the appropriate govefrK)r makes the appointment. Oryanlsatlonal *ructurg The board meets t" a year lo re1ve repcwts from the Company Sa(yetary and th8 Investment Advisers. Tl Articles of AssocAation rwUl that a quorum of 81 least three members be present vh)gn the meeting proc88ds to business. Inductlon and tralnlng of new trustees Directors are seleGted for th&r financial, inv8Stment and bufAn&s$ abilits'es and also wth a knowledge of charitabl6 activrtie& Appropriate induction and training is given that they may contribute effectiv8ly lo t governance of th8 company. They a made aware of the statutory obligations as a dire¢tr)r and as a trust88. Rlsk managgmènt The trustees have duced their own rgVi9w of the major risks to which the tharity is exposed and systems have b99n establish8d lo mitigate those risks. Compllance, GDPR, Policies and Procedu Poliaes addSsIng Confilct of Interests, Data Protection and Safeguarding are In placa. REFERENCE AND ADMINISTRATIVE DETAILS Rogistgrod Company numbor 00185577 (England arKI Wales) Reglstered Charty wmber 207120 Page 3
BRITISH HUMANE AP8OCIATION (REGISTERED NUMBER: 00185577) Report of the Trustg8S forthe Yoar EndBd 31 Dec8mb8r 2023 Registered office FOXSE Consultancy Cardiff House Cardiff Road V818 of Glamorgan CF63 2AW Trustees For the purposes of charity law, the direckns a the trustees of the Larity. Governord The followng were gOrrK)rS of the charity.. Thg Campbell-Johnston Family The Order of Sl John The Guild of Freemen of the City of London The ttirertors of the tharity. wfr) r& appointed by the Govemors of the charity, for all or part of the ye8r were.. Campbell Johnston Family Ms Anna Campb811-Johnston Mr Edward William Campbell CampbeN-Johnston Ms Rach81 Frances Campbell-Johnston M4 PHD The Ordor of St John Mr Duncan Canuay Mr Anthony Hugh Chigmll - resyJnad 16 May 2023 Mr Richard Makepeacg- apponled 16 May 2023 Mrs Georgina Brooks TDDL MBE FRCS FRCOphth Tho Gulld of Freemen of the Ctty of London Mrs Anne Elizabeth Holden Mr Michael Terence Nernko IChairman)- respJn8d 18 Dember 2023 Dr John Small JP FCA JP BDSIHONS} LDS RCS FSAScot Cornpany Secretary MrsSEFox Independ¢rrt examÉn¢r Knox Cropper LLP Chartered Accountants 153-155 Lon¢Jon Road Hemel Hempstead Hertfordshir& P3 9SQ Approved by ordor of the bo9 of trustees on ... nd signed on tts behaK by". Page 4
BRrrisH HUMANE ASSOCIATIOPI {REGISTERED NUMBER: 00185577) R•port of th• Tru¥l• for tho Y•ar Ended 31 DK•mbor 2023 Mrs S E Fox- Secretary P8ge 5
Independent Examiners Report to the Tru¥tees of Brltlsh Humane Assoclatlon (Reglgtered number. 00185577) Ind•pendent examlnefs report to the trustees of Brftlsh Humane Assoclation {he Compan> I report lo the charity trustees on my examination of thè acLxtunts of the Company for tha yoar ended 31 December 2023. Responsibiltties and basls of report As the charills trustees of th8 Company land also its directors for the purposes ¢)f ¢xJmp8ry lawl you are responsible for the preparab'on of the actounls in a(£ordance wth the requirements of the Companies Act 20C6 I'the 20Cfj Act). Having satisfied myseir that the accounts of the Company are r1 required to b¢ audrted under Part 16 of thè 2006 Act and are eligible for independent examination, I report in respect of my examatiOn of your tharity's a(UnIS as carried out under S8¢tion 145 of the Charities Act 2011 (Yhe 2011 Act,). In carying out my xamination I have followed the DIrectn$ given L)y the Charity Commission under Section 14515) {b) of the 2011 Act. Independent oxamlnerfs statement I hav8 completed my examination. I confiim that no matters have ¢Jxn8 to my attention tn s>)nne¢lion wilh ex2minion giving me cause lo believe: a¢xounting rec(rt3 weff not kept in respect of thè Compary as requir&J by Seclion 386 of the 26 Ac or the 8(uunl$ do not accord wlh those records," or the acrnunls do not f£•mply thè accounting requirements of Section 3 of the 2006 Act other Ihan any requiremenl that th6 aco)unls give a t¥ue and fair view %thich is r1 a matter CL)nsidered as pwt an independent examination., or the acc£)unts have not been ppared in 8ccordanc8 with thè methods prlnaples of th8 Statement of Recommended Practice for accx)unling and reporting by charities (applicable to tharitie8 preparing their acLounls in a(mdan¢e w1h the Flnandal Reporting Standard appli¢abl& in the UK and R8puNic of Ireland IFRS 102)}. I have no concèrns and have CDm8 across no other matters in connedion wth the examinati¢)n to whi attention shoLJld be drawn in this report in order lo enablè a proper understanding of the accL)unts lo reached. Stephen Andèrson Knox Cropper LLP Chartered Accounlanls 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Dato.. ..?.2....Tri.oy .2.02. Page 6
BRITISH HUMANE ASSOCIATION Stat•mont of Flnan¢lal Actlvltles qlncorpordtlng an Income and Expenditure Account) forth0 Year Ended 31 D6¢ember 2023 2023 Unrestrictéd fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Investment incom8 EXPENDITURE ON Raising funds 32.153 33,001 Charftable acllvltlos Grants 173 174.5C Total 481 207 501 Net gainslllo$8es) on investments 303.669 NET INCOmExPEND1TURE) 217.912 {737,189) RECONCILIATION OF FUNDS Total funds brought fOard 5,268.811 6,006,0 TOTAL FUNDS CARRIED FORWARD 5268811 The notes fomi part of Ih8se financial staiemenls Page 7
BRITISH HUMANE ASSOCIATI¢JY (REGISTERED NUMBER: 00186577) Balan¢e Sheet 31 Decarnbèr 2023 2023 Unrestricted fund 2022 Total lunds Notes FIXED ASSETS Investments S,457,731 4,916,245 CURRENT ASSETS Debtors Cash at bank 33.994 33,861 82,600 355,230 CREDITORS Amounts falling duo within one year 10 133,8 {2,684) CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 5A86.723 5.268,811 NET ASSETS 6 486 723 5268811 FUNDS Unre5trided fvnds 12 5268811 TOTAL FUNDS 5,486,723 5,268,811 The charitsble MpanY 1$ entttled lo exemption from aLrt under Seth"on 477 of the Companies Ac 2C(6 for the year ended 31 December 2023. The members have not required the company lo oblain an audit of its finan(ial statements for the year end&J 31 December 2023 in ae3))rdance with Section 476 gf thè Companies Ad 2006. The trust88s attkfMedge their responsibilities for la) ensuring that the tharitable company keeps accounting word$ that o)mpty with SecticA)$ and 387 the Companies Act 20C6 and (b) preparing financt81 statements which give a true falr vlew of the state of arrairs of the caritable mpany as at the end of each financial year and of it$ surplus or deficit for èaeh financial year in accord8llCe Vrith the requir8ments of Se¢b"or)$ 394 and 395 and Nthich othese comply wth the requirements of the Companies Act 2006 rèlating to fin8naal statements. so far as apICAble to the L*aritable company. The notes fomi part of the59 fin8noal statements Page 8 ¢on1inued...
BRITISH HUMANE ASSOCIATION {REGISTERED NUMBER: 00185677} Balance Sheet- contlnu•d 31 De¢ember 2023 These finanaal statements have been pyepared in acrordancA with the P810n8 applicable to charitable companies bject to the small companias regime. The finanaal statements were approved by the Board ol Trustees and authoriséd for issue c . and were Signed on its behalf by.. E W Campbdl-Jo nston - Trustee The notes fom) part of these Ilnanc4al statements Pag8 9
BRITISH HUMANE ASSOCIATION Notes to the Financlal Stalemgnts forthe Year Ended 31 December 2023 ACCOUNnNG POLICIES Basls ol preparfng the finantil stt•ments Thè finanaal statements of the chwitable cornpany, which is a publlc benefit enlty under FRS 102. have bgen prepared in aceordance with the Charities SORP IFRS 1021 'ACll.g and Repon9 by Charities". Statement of Recommended Pra&iGe applicable to charities weparing their accounts k) accordanag with the Flnanaal Rgporting Standard applicable In the UK and Republic crf Ireland IFRS 1021 leff8Ctive 1 January 20191,, Finanaal Reporting Standard 102 The Financsal Rgportr"ng Slandar(I applicable in the UK and Republi¢ of Ireland, and the Companies Act 2006. The finaneial $tAl8menls have been prepared under the historical wst convention, wrth the exc8plJon of investments Wh are indud at market value. as mOdifd by the revaluation of certain assets. Income All income is recDgnised in the Statement of Finanaal Acti¥Aties On the charity nas enlthement to tl funds, il is probable that the income will be received and the arrUt can b8 measured reliably. Fund accounting Unrestricted ftjnds c4n be used in accordance with the tharilable objsctives at the disuetion of the Irustses. Investments Investment income is regnised in th8 Statement of finanaal activities vthen inczjme becomes payable and Is grossed up for tax rocoverable, where appropriate. Inveslmenl assets ar8 valued at market value at the bala sheet dale. RéalisÈd gains and Ioss88 on investments are arrived at by CDmparinG the net Sale proceeds th market value at the end of the previous finanual year,. unrealised gains and losses represent If drfferenc8 belAveen the market value of inv8Stments still held at the end of the firtanoal year wtth their value al the beginning of the year or with their ¢osl, if purd)ased gJbsequenUy. INVESTMENT INCOME 2023 2022 Investment InMe Depo&t account interest 119,724 134,365 38 Pag8 10 conlinu8d...
BRITISH HUMANE ASSOCIATION Notes to tha Flnanclal Statemonts - contlnued for tho Year Endod 31 December 2023 RAISING FUNDS Investment managemfjrt CO8ts 2023 2022 Manag8mentfee$ CHARITABLE ACTIVITIES Grant funding of activities (see note Support costs (see nole 8) 5} Totals Grants 161.900 173328 GRANTS PAYABLE 2023 2022 Grants 161900 Page11 a)ntinugd...
BRITISH HUMANE ASSOCIATION Notes to tho Financial Statements - continued for the Year Ended 31 Decemb•r 2023 GRANTS PAYABLE- contlnued The lotsl grants paid lo institutions during the year was as follows.. 2023 2022 Dlsabled Travel SeMs Genesi5 Trust Medical Engineering Reswrce Unil The 3H Foundats(N) Duke of Edinburgh Wale5 Safe Hands f¢Y Mothers Treloars Trust Edinburgh Your¥J Carérs Off The Fence Village Vvater The Mango Tree Imgf 2000 lQd's Club Kampala Pipal Tree Childrens Adventure Farm Trust Edinburgh Heathvay Teen Action Step By Sl•p Chance for Childhood Paul's Cancar Support Centre S.A.L.V.E. Intemational The Sussex Beacon The Hands Up Foundation Sebastian Action Trust The Happy and Healthy Trust Children Ahead Sunshine Wshes Childfren's Charity Hearts and Minds Lending Hope Limited Goods for Goods Global Exmore Yoursg Voices The Community Hub Slonebridge City Fami UNICEF Poole Africa Hope GB Sunbeams London Youth On The Move Cianna's Smi18 88st KM Group Care for Carers Involv8 K8nt The Pimtes Castle The chi1cln.$ Hèart Foundation Dean & Cauvin Young People's Trust Muscular Dystrophy 3,000 6.000 5.000 10.0 4,OC 5.0 15,0 5.000 5,000 6.000 5,000 2.OLM) 4,5C#J 5,0 6,000 4.OLXJ 5.0(K) 5,OtiJ 6,000 5,000 4,01)0 5.OCIJ 2,OC s,000 5,OCx) 5.oc¢J 3.OlX) 5.0(KJ 10.0(KJ 5.OlXJ 1,5CxJ 4,01)) 4.OlXJ 2,0 5.ODJ 6,000 4,000 3,000 Page 12 continued. .
BRITISH HUMANE ASSOCIATION Notes to the Flnanclal Statements- contSnuod for tho Year Ended 31 Dacember 2023 GRANTS PAYABLE- contlnued Care for Carers Families Outside Susex Nighlstop Afghanistan & Central Asi8n Assoaalion Home from Hospi Care Jewsh Volunteering Nehvork Dementia Friendlly Parlshes around the Yealm Ac*ieve¢J Dream$ Anne Robson Trust EMYP Helen Arkell DySlea Charity Margaret Pyke Trust Pain Concem Support Afler Murder & Manslaughter Victoria's Promise Worfd Sight F¢)undatlon Watertoo Community Counselling 3,000 4,000 6.000 10,000 6,000 6.OlX) s,000 10.000 SUPPORT COSTS Support o)sts, induded in the above, We as flow8.. 2023 2022 Secreta$ oxpenses 88nk charges Secretary's fee Independent examiners fee 480 122 6,000 Page 13 continued...
BRITISH HUMANE ASSOCIATION Notes to the Financlal Stalements - continued for the Year Ended 31 December 2023 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or Oth benefits for Ihe year eTrJed 31 DeTrkner 2023 ntx for tho ye8r ended 31 December 2022. Trustees. exp•n8•S Thero were no trustees, expens paid for thg yèar èndéd 31 Dember 2023 nor for the year ended 31 Dec@mter 2022. FIXED ASSET INVESTMENTS sted inStman1$ MARKET VALUE At 1 January 2023 Additions Prod$ of disposal Unrealised gainslllosses} Realiserl gainslllossesl on disposal 4,916,246 2,47S,141 12.237.324 {332.423 At 31 December 2023 NET 800K VALUE At 31 Deeernber 2023 5 457 731 At 31 Decmbgr 2022 4,916 245 IndLJded wIt.n listed nvestmen13 were investment assets outss'de the UK of £2,411,913 {2020.' £2,055,306). Cost or valuation al 31 December 2023 is represented by.. Listed Investment Valuation in 2023 Pa 14 continued...
BRITISH HUklANE ASSOCIATION Not4s to tho Flnancial Statements- conllnued for the Year Ended 31 Decembor 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments and accrued income 34 33,861 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank108ns 8nd overdrafts (see note 11) Accrued expenses 11. LOANS An analysis of the matunty of108ns is givan below. 2023 2022 Amounts fa51ing within one year on demand: Bank overdftS 12. MOVEMENT IN FUNDS Net movem8nt in fijnds At 31.12.23 At1.1.23 Unrestrfcled funds General fund 5,268,811 217,912 5,486,723 TOTAL FUNDS 217 L11 12 5 486 723 N8t movement in funds, Incjuded in the above ar8 as follows.. Incoming resources Resowc8S expended Gains and losses IAovement in funds Unrestrfcted funds General fjJnd 119.724 1206.481) 303.669 217,912 TOTAL FUNDS 119 724 303 669 217 912 Page 15 continued...
BRinsH HUMANE ASSOCIATION Notes to tho Flnan¢lal Stalements . contlnued for the Year Ended 31 December 2023 12. IOVEMENT IN FUNDS- contknutd Comparntivfjs for mtsv•ment In fund$ Net movement in funds At 31.12.22 A11.1.22 Unrestrfcted funds G8neral fijnd 6,006,0(XJ 1737.1891 5,268,811 TOTAL FUNDS Comp¥aive net movemenl in funts, induded in the above aré as follows.. Incoming resources R•sources expended Gains and losses Movemeni in funds Unresttlcted ndS General fund 134,403 (207.gJ1) 1664.0911 {737,1891 TOTAL FUNDS 134,403 207 501) 737 1891 A wrrent year 12 months and prior year 12 months combined positton is as follows.. Nat movemenl in funds At 31.12.23 At1_1.22 Unrgstrfcted fund General fijnd 6,006,000 {519,277) 5,486,7f3 TOTAL FUNDS 6.006 000 5 486,7Z3 A current year 12 monlhs Fxior year 12 months combined net movement in fvnds, iThSuded in the 8bJvé are as follo". Incomlng resources ResourcAgS expended Gains and 10$sgs Movement in funds Unrestrlcted funds General fvnd 254.127 {412.982) 1360,422) 1519,277) TOTAL FUNDS 412 982) Page 16 continued...
BRITISH HVMANE ASSOCIATION Notes to the Flnancial Statements . continued forth8 Year Ended 31 December 2023 13. RELATED PARTY DISCLOSURES There werg no related wty transactions for the year ended 31 Dec8mber2023. Page 17