Royal Humane Society
Report and Financial Statements Year ended 31 December 2020
Registered Charity no: 231469
Royal Humane Society
| Contents | Page |
|---|---|
| Legal and administration | 1 |
| Report of the trustees | 2 |
| Report of the independent examiners | 5 |
| Statement of Financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8 |
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Royal Humane Society
Legal and administration
Charity name: Charity registration number: Principal office and operational address:
Royal Humane Society 231469 Rooms 50 - 51 3/7 Temple Avenue London EC4Y 0HP
Patron
HM The Queen
President
HRH Princess Alexandra
Trustees
The trustees for the year under review were: Mr John Grandy Chairman & Treasurer Mr Charles Spicer Deputy Chairman Mr Michael Bernard Mrs Anna Blaxland Mr Luke Chauveau Colonel Giles Crisp (retired May 2020) Mr Peter Dawson – legal adviser Mr Mark Dickson Mrs Diana Duke LVO DL Mr George Hawkins Ms Kate Holt Dr Michael McCaldin FRCGP – medical adviser Mr Rupert Novis Mrs Rowena Osborne Mrs Lynda Rose MBE Sir Nigel Southward KCVO – medical adviser Mr Sheridan Swallow – finance committee lead Mr Rupert Uloth
Police Adviser
Ian Dyson QPM, Commissioner, City of London Police. Represented by Inspector Robert Gurney, Hertfordshire Constabulary.
Secretary
Mr Andrew Chapman
Assistant Secretary Mr John Wilson
Awards Administrator
Mrs Deborah Woollon-Kemp
Honorary Adviser
Dr Roger Willoughby PHD
Independent Examiners
Ridley, Marreco & Co. Grenville House Main Road Farthinghoe Northants NN13 5PA Bankers Drummonds at Royal Bank of Scotland plc 49 Charing Cross London SW1 2DX Solicitors Russell Cooke 7 Bedford Row London WC1R 4BS Investment Managers Church House Investment Management York House 6 Coldharbour Sherborne Dorset DT9 4JW
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Royal Humane Society
Report of the trustees for the year ended 31 December 2020
The trustees present their report together with the financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.
Structure, Governance and Management
Constitution
The Royal Humane Society was founded in 1774. It is incorporated under Royal Charter and is a registered charity no 231469.
Governance and Decision Making
Trustees are appointed in general meeting, at the charity’s Annual General Court, for a period of four years after which they may put themselves forward for re-appointment.
The trustees who have served during the year and since the year-end are set out on page 1.
The trustees meet every quarter to assess cases of saving, or attempted saving, of life where personal bravery is involved and make awards that they consider suitable. They also make awards for restoration of life by resuscitation.
In addition, the Trustees meet annually to award the Royal Humane Society’s Police Medal and the charity’s highest bravery award, the Stanhope Gold Medal.
The Trustees are assisted on the day to day running of the charity by the charity’s secretary.
Risk Management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen those risks. All procedures are subject to annual review to ensure that they continue to meet the needs of the charity.
Objectives and Activities
The objects of the charity are to seek out and reward those persons who:
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at personal risk, save or endeavour to save life by rescue, or
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effect a successful resuscitation
Award making policy
The charity invites applications for its awards from local constabularies, other public services and the public in general.
Applicants are invited to submit a summary of the life saving incident and the individuals involved, in a specific format. The applications are reviewed against specific criteria together with the element of personal risk involved in the life saving attempt.
Awards of Silver Medal, Bronze Medal, Testimonial on Vellum and Testimonial on Parchment, Resuscitation Certificates, Certificates of Commendation and In Memoriam Certificates are made every quarter, if the Trustees deem that the cases put forward warrant such awards. The charity also awards the President’s Award annually to the young person under 18 who displayed the most merit from those put forward that year. The charity awards a Police Medal annually to the case displaying the most merit from those put forward involving a Police Officer as rescuer.
The annual award of the Stanhope Gold Medal, the charity’s highest award, is made to the case displaying the most merit from those already having been awarded a medal by the charity in the preceding year. Nominations are also submitted by the Humane Societies of Australia, Canada, New South Wales, New Zealand, Sri Lanka and the Liverpool Shipwreck & Humane Society.
The charity makes no monetary awards.
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Royal Humane Society
Achievements and Performance
Awards
As a result of seeking out potential award winners and processing 327 cases the following awards (842 in total) were made during the year:
One Stanhope Gold Medal
Two Police Medals The President’s Award 1 Silver Medal
27 Bronze medals 45 Testimonials on Vellum 136 Testimonials on Parchment 374 Resuscitation Certificates 255 Certificates of Commendation
In 2020 842 awards were made to people whose actions saved a total of more than 349 lives. 317 of the awards were made to members of the public and 525 to police officers.
Presentation of awards
Following award decisions and their preparation for presentation, the charity continues to ensure that awards are presented appropriately. Some award ceremonies are funded by the charity.
Publicity
Efforts to publicise cases have continued to be increased. The charity believes that by bringing deeds of bravery by people to public notice, these acts become an example and an inspiration to the rest of us. The web site has been maintained and expanded and the charity sends out news of its awards monthly to regional and local press.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Society’s aims and objectives and in setting the awards policy for the year.
In doing so the Society aims to foster and encourage people to become public spirited by seeking out and rewarding those who, at personal risk to themselves, have saved or attempted to save human life. Positive steps are also taken, at local and national level, to publicise these stories in the belief that there is a social benefit to the wider community in celebrating selfless action.
Education
Case studies of the bravery of some children have been maintained on the charity’s web site.
Funding
The funding of the charity’s activities this year has been achieved by a combination of investment income and donations.
Financial Review
Incoming resources for the year amounted to £270,365. Last year incoming resources amounted to £119,530. Resources expended were £123,448. (2019 - £126,028).
The market value of the charity’s fixed asset investments increased by £34,008 compared with the previous year.
The general fund, which is unrestricted, increased by £155,646 over the year. Included in this figure is an unrealised gain of £891 on revaluation of investment assets at the balance sheet date.
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Royal Humane Society
Investment policy
The charity’s power to invest is restricted. The investment strategy is set by the trustees and is reviewed annually taking account of the need to generate sufficient income to contribute to the charity’s operating costs without depleting reserves.
The trustees consider the income requirements, the risk profile and the investment managers’ view of the prospects of the market in the medium term. This strategy is set within an overall policy which states that any part of the fund invested is to be in low and medium risk investments. The investment policy is operated with a view to ensuring that capital appreciation of the fund, in the medium to long term, does not suffer at the expense of the need to generate adequate income.
Reserves policy
It is the long-term policy of the Trustees to maintain and increase the fund, which is an unrestricted fund, to a level, which, if invested for the most part would generate sufficient income to fully meet the operating costs of the charity.
It is also the policy of the Trustees to maintain free reserves (that part of the fund that is not committed or invested in fixed asset investments) at a level sufficient to meet 3 months’ resources expended.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the trustees and signed on their behalf by:
John Grandy
J Grandy, Chairman
28[th] April 2021
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Royal Humane Society
Report of the Independent Examiners for the year ended 31 December 2020
We report on the accounts of the Society for the year ended 31[st] December 2020 which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiners
The trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Having been satisfied that the charity is not subject to audit under the Charities Act and is eligible for independent examination it is our responsibility to:
1. examine the accounts under section 145 of the Charities Act;
2. follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the Charities Act and
3. state whether particular matters have come to our attention.
Basis of independent examiners’ report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiners’ statement
In connection with our examination no matters have come to our attention which give us cause to believe that in any material respect:
1. Accounting records were not kept in accordance with section 130 of the Charities Act or
2. The accounts do not accord with the accounting records.
Ridley, Marreco & Co.
Chartered Accountants Grenville House Main Road Farthinghoe Northants NN13 5PA
2021
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Royal Humane Society
Statement of financial activities – for the year ended 31 December 2020
| Unrestricted Funds Note £ Incoming resources Incoming Resources from Generated Funds - Voluntary income: Donations including tax recoverable 29,926 Legacies 210,255 - Activities for generating funds: Gross income from fundraising event - - Investment income Dividends - equities 14,626 Interest - interest bearing securities 5,046 Interest on cash deposits - - Other incoming resources 10,512 Total incoming resources 270,365 Resources expended Costs of generating funds Investment management costs 937 Fundraising event costs - Charitable activities 111,117 Governance costs 11,394 Total Resources expended 123,448 Net incoming /(outgoing) resources before other recognised gains and losses 146,917 Other recognised gains and losses Realised and unrealised gains/(losses) on 5 8,729 investment assets 155,646 Reconciliation of funds Total funds brought forward 1,126,689 Total funds carried forward 6 1,282,335 |
2,020 2,019 £ £ 29,926 61,856 210,255 12,000 - 21,327 14,626 19,100 5,046 5,247 - - 10,512 - 270,365 119,530 937 919 - 8,279 111,117 97,505 11,394 19,325 123,448 126,028 146,917 (6,498) 8,729 90,821 155,646 84,323 1,126,689 1,042,366 1,282,335 1,126,689 TOTAL FUNDS |
|---|---|
The above statement of financial activities relates to the sole fund of the charity which is an unrestricted fund.
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Royal Humane Society
Balance Sheet as at 31 December 2020
| Fixed assets Investments 5 Current assets Prepayments and accrued income Income Tax Recoverable Cash at Bank and in hand Short-term deposits Stock of Medals Current liabilities Amounts falling due within one year Accrued charges Net current assets Net assets Unrestricted funds General Fund 6 Total funds of the charity |
£ 6,041 - 60,041 82,404 1,948 |
£ 1,137,469 144,866 1,282,335 1,282,335 1,282,335 |
£ 1,103,461 |
|---|---|---|---|
| 3,853 - 23,174 3,950 2,250 |
|||
| 150,434 5,568 |
33,227 9,999 |
||
| 23,228 | |||
| 1,126,689 | |||
| 1,126,689 | |||
| 1,126,689 |
Approved by the board of trustees on April 2021 and signed on its behalf by:
J Grandy (Chairman)
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Royal Humane Society
Notes forming part of the financial statements for the year ended 31 December 2020
1. Principal accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention, with the exception that investments are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
(b) Funds structure
The charity has one sole fund, which is unrestricted, and comprises those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.
(c) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
(e) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
(f) Allocation of overhead and support costs
Overhead and support costs have been allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. Others are apportioned on an appropriate basis. The allocation of overhead and support costs is analysed in note 3.
(g) Costs of generating funds
The costs of generating funds consist of investment management, certain legal fees and the cost of staging the fund- raising event.
(h) Charitable activities
Costs of charitable activities include awards made and overhead and support costs apportioned as shown in note 3.
(i) Governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
(j) Tangible fixed assets and depreciation
All assets are written off in the year of acquisition. Office equipment amounting to £nil (2019- £nil) was so treated.
(k) Stocks of medals
Stocks of Medals are included at cost.
(l) Fixed asset investments
Investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
(m) Realised gains and losses
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated at the difference between the market value at the year end and opening market
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Royal Humane Society
value (or purchase date if later). Realised and unrealised gains are not separated in the Statement of Financial Activities.
2. Staff costs and trustees’ remuneration
| 2. Staff costs and trustees’ remuneration Salaries Social security costs The average weekly number of employees during the year calculated on a |
2020 2019 £ £ 71,575 67,791 2,765 4,095 74,340 71,882 full- time equivalent basis was: 2.5 2 |
|---|---|
No employee received remuneration amounting to more than £50,000 in either year.
The Trustees received no remuneration (2019 - nil) and were not reimbursed for any expenses in the year (2019 - nil).
3. Total Resources expended
| Costs of generating funds Investment management fees Event costs Costs directly related to Charitable activities Medals, testimonials & presentation costs Support costs allocated to activities Rent & rates Salaries Sundry office expenditure Printing, stationery & postage Legal charges for new lease Independent examination Cost of Annual General Court Travel Information technology Telephone |
2020 Total allocated 937 - 16,298 17,051 74,340 521 2,142 - 2,520 - 43 8,613 983 122,511 |
Governance - - - 1,364 5,947 42 750 - 2,520 - 3 689 79 11,394 |
Charitable Basis of 2019 Activities Allocation 937 actual 919 - actual 8,279 16,298 actual 8,094 15,687 staff time 12,878 68,393 staff time 71,882 479 staff time 363 1,392 actual 3,812 - actual 3,177 actual 2,160 - actual 5,094 40 actual 564 7,924 7,773 904 1,033 111,117 116,830 |
|---|---|---|---|
Allocation of support costs and overheads
| Allocation of support costs and overheads | |||
|---|---|---|---|
| 4. | Net movement in funds for the year | ||
| Stated after charging: | 2020 |
2019 | |
| £ | £ | ||
| Independent examination fees | 2,520 |
2_,160_ |
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Royal Humane Society
| 5. Fixed asset investments Market value at 1 January 2020 Acquisitions at cost Proceeds from disposals Realised gain during the year Unrealised gain on revaluation Market value at 31 December 2020 Investments at market value comprised: Equities Fixed interest securities Historical cost at 31 December 2020 |
2020 1,103,461 81,000 (55,720) 7,837 1,136,578 891 1,137,469 868,979 268,490 1,137,469 986,280 |
2019 1,023,648 - (11,008) 1,285 |
|---|---|---|
| 1,013,925 89,536 |
||
| 1,103,461 | ||
| 858,562 244,899 |
||
| 1,103,461 | ||
| 953,162 |
All investments are listed securities. The trustees consider that there were no material individual investment holdings in the year that require disclosure.
6. Analysis of net assets by fund
| Investments Current assets Current liabilities |
Unrestricted Total 1,137,469 1,137,469 150,434 150,434 5,568 5,568 1,282,335 1,282,335 |
|---|---|
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