**Annual Report and Financial Statements** For the year ended 31 August 2023
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## **About Homeopathy UK**
## Contents
Homeopathy UK (H-UK) is the UK’s leading charity for the promotion of
homeopathy. We want everyone to understand the value of homeopathy and be able to access high-quality treatment from registered healthcare professionals.
## **Our Trustees**
Mr John Morgan – Chair
**A message from our Chair**
**Our vision and mission**
Mr Richard O’Quinn – Deputy Chair
Ms Patricia Donnachie (resigned 6 March 2023)
**Our year at a glance**
Ms Selina Hatherley (appointed 6 October 2022)
Mr Peter Gregory (appointed 23 January 2023)
Mr Donald Gunn (resigned 7 February 2024)
Ms Joanna Jensen (appointed 23 October 2022/resigned 12 December 2022)
Ms Sato Liu (appointed 5 October 2023/resigned 14 March 2024)
Ms Roxana Lupu (appointed 5 October 2023)
Ms Emma Dalton (appointed 5 October 2023/resigned 14 March 2024)
Mr Robert Orchard
Dr Gary Smyth
Ms Elizabeth Tucker
Ms Margaret Wyllie (retired 3 May 2023)
|**Achievements against our plans**||
|---|---|
|**• Making homeopathy available to all**|**08**|
|**• Promoting homeopathy to new audiences**|**16**|
|**• Collaboration with sector partners**|**21**|
|**• Research and training**|**24**|
|**• Fundraising**|**26**|
|**Corporate governance**|**30**|
|**Report of the Trustees**|**33**|
|**Independent auditor’s report and accounts**|**36**|
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## A message from our Chair
It is nearly a year since our previous chair, Margaret Wyllie, stood down and I am continually grateful to her for leaving the charity in a such good condition. Her tenure as chair transformed the charity, building a strong and committed board of trustees as well as steering us through the major rebranding from the British Homeopathic Association (BHA) to Homeopathy UK (H-UK). Our staff team, led by former CEO Cristal Skaling-Klopstock, is extremely capable and has the diverse skill set necessary to keep the charity fulfilling its core mission - to raise awareness of homeopathy as an effective healthcare option. Our thanks go to them all for the hard work, care and dedication they give to the charity.
The demand for homeopathy continues to grow as the NHS creaks under the pressure and access to GPs becomes more limited. Homeopathy and the complementary medicine sector are providing a large amount of unsung support to the health service and our charitable clinics have increased the number of patient consultations. A second virtual online clinic was set up last year and has been very successful from the start. The increasing use of Zoom, post Covid, has been of great benefit to the homeopathic profession, broadening the availability and access to treatment to all areas of the country.
We are constantly developing our marketing and communications outreach, increasing engagement with our website and social media platforms, year on year. Our magazine Health & Homeopathy continues to be extremely popular with our donors and practitioners alike.
Another exciting project which has been in development over the year is an online home study course. The course will feature experienced practitioners giving support during live and recorded sessions. With increasing patient demand and ongoing need for new practitioners, an introductory course such as this is often the spark to inspire further study leading to professional training.
We are at the forefront of homeopathy due to our engagement and collaboration with other organisations. 4Homeopathy (4H) is a sector wide body which meets to share information and collaborate to promote homeopathy in the UK. Our Deputy CEO, Sam Westcott, takes part in these meetings to ensure the patient voice is heard and H-UK is involved in critical work to promote homeopathy to the public.
Our past chair, Margaret Wyllie, and former CEO Cristal Skaling Skopstock, continue to represent Homeopathy UK in Europe, taking on major roles in the European Federation of Homeopathic Patients’ Associations and the European Committee for Homeopathy, which in turn lead to involvement in other European groups. In our very connected world, it is imperative to work, collaborate and learn from others to protect and promote homeopathy for patients
As Trustees of Hahnemann House Trust (HHT), we are working with museum artefact specialists to document and preserve the history, interesting artefacts and books that are part of the collection. The Trust also owns some of Samuel Hahnemann’s personal possessions which were exhibited in June at a global homeopathy conference in London. All these items can be viewed online at www.hahnemannhouse.org.
As a charity, we rely on the generosity of others to support us. A big thank you to all, and the charitable grant providers, for your ongoing support and donations. Legacies are a big proportion of our income, so please consider mentioning Homeopathy UK in your will. By increasing the education, practise and availability of homeopathy, we strive to not only keep the profession vibrant but also make homeopathy accessible to more people who are in need.
Thank you again for your support and best wishes for ongoing vitality and health for all with homeopathy.
John Morgan
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**Our vision is for everyone Our vision is for everyone in the UK to understand the in the UK to understand the value of homeopathy and be value of homeopathy and be able able to access high-quality to access high-quality treatment treatment from registered from registered healthcare healthcare professionals. professionals.**
**Our mission is to raise Our mission is to raise awareness of homeopathy as an effective healthcare awareness of homeopathy as an effective healthcare option option by educating the public by educating the public and and promoting registered promoting registered healthcare healthcare professionals. professionals.**
**Our goals Our goals**
**Over the period, the charity’s strategic goals were to: Over the period, the charity’s strategic goals were to:**
**1. Make homeopathy available to all through the provision**
**1. Make homeopathy available to all through the of clinics, advice and support.**
**provision of clinics, advice and support**
**2. 2. Promote homeopathy to new audiences through Promote homeopathy to new audiences through publications and digital activity.**
**publications and digital activity**
**3. 3. Collaborate with sector partners to promote and Collaborate with sector partners to promote and defend homeopathy in the UK and internationally.**
**defend homeopathy in the UK and internationally**
**4. 4. Support education and research in homeopathyGrow our supporter base and increase donations through 5. Undertake fundraising activities to expand ourfundraising and donor cultivation. 5. supporter base and increase engagement and Research and Training. 6. donations Maintain sound governance and financial security.**
## Our year at a glance
## **This year we have:**
**Opened our second virtual clinic: Virtual Clinic Scotland**
**Worked with Statisticians for Society - a pro bono statistics organisation - to analyse our clinic data**
**Funded three important new projects through our grants programme which support vets in training, victims of domestic abuse and patients in need of acute care**
**Continued our funding for two further clinics supporting military veterans and inner city Londoners**
**Secured a £10,000 National Lottery Heritage grant for Hahnemann House Trust (HHT) work**
**Continued our annual grant funding to the Faculty of Homeopathy to increase the number of statutorily registered healthcare practitioners providing care in the UK**
**Welcomed five new trustees**
**Unveiled our new look website homepage**
**Appointed two key new members of staff – Lucy Godfrey (Fundraising) and Samantha Scott (team administration)**
**Undertook our first supporter survey**
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## Make homeopathy available to all
This year, we have expanded our activities in this area. The launch of a second Virtual clinic covering Scotland brings our network to nine clinics. Through our grants programme, we have been able to continue funding two existing clinics, support one new clinic and also fund a new service
for patients with acute conditions.
## **Our charitable clinics**
Our network of charitable clinics remains at the heart of what we do as an organisation.
It is through the clinics that we meet our core objective of providing high quality, free or low-cost care to those who would otherwise be unable to access it.
All of our clinics are run by experienced, registered practitioners and patients can have up to five appointments. This year, we have seen increased patient demand and many of our clinics are now booked several months in advance.
## **Top 6 remedies used in our clinics:**
## **Top 10 conditions seen in our clinics**
- **Anxiety**
- **Eczema**
- **Nat Mur**
- **Depression**
- **Sulphur**
- **Fatigue**
- **Sepia**
- **Insomnia**
- **Calc Carb**
- **Asthma**
- **Arsen Alb**
- **Menopause/peri menopause**
- **Phosporus**
- **Osteoarthritis**
- **Anxiety and depression**
- **Migraine**
## **Edinburgh Homeopathy**
Julien Baron-Meyet DiHom, MFHom
**Dumfries & Galloway Homeopathy**
Elaine Hamilton RGN BSc (Hons) Homeopathy, FFHom
## **Liverpool Homeopathy**
Dr Hugh Nielsen BA(Oxon), MA, BM, BCh, MRCP, FFHom
Emma McEvoy BA, DipHomMed, DSH, MARH
## **A guide to our clinics**
**Virtual Clinic Scotland** Lyssa Clayton RSHom
## **Scottish Borders Homeopathy**
Luci Joan Lawless RSHom
## **Norwich Homeopathy**
Dr Michel Raggoo BMBS, MRCGP, LFHom (Med)
**Kent Homeopathy**
Wendy Scrase MSc, MFHom (Nurse)
## **Winchester Homeopathy**
Dr Tim Foster MB, BS, MRCGP, MFHom
**Virtual Clinic**
Dr Gabriella Day BSc (Hons), MBBS (Hons), MRCP DCH, MRCGP, MFHom
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## **What our patients say**
**“Emma really put me at ease. She was very caring and I felt like I was really listened to for the first time ever.”**
**“Dr Raggoo has a very friendly and compassionate approach and I felt listened to. The whole experience was positive and reassuring and has given me a sense of hope.”**
**“I’m extremely thankful for the service that Lyssa provided.”**
**“Dr Day was amazing. I felt listened to as a whole person.”**
**“I just wanted to say a big thank you to Scottish Borders Homeopathy Clinic for looking after me this year.**
**The care I received was second to none. It was a real comfort to me as I was terrified and fearing the worst health-wise.**
**Being supported with consultations, homeopathic remedies and Luci’s unwavering listening ear, I felt heard, validated and truly cared for. I was being treated holistically. I trusted.**
**This gave me hope when I had none. It gave me self-acceptance, compassion towards myself and strength to let the healing take place.**
**I opened myself up to the power of homeopathy and I am so grateful that this gentle, wonderful and powerful medicine is available. Please, please keep this amazing clinic going.”**
**“Dr Foster is an outstanding practitioner and human being. I highly value his advice, guidance, professionalism and kindness.”**
**“Empathetic, professional, knowledgeable, kind and caring, Elaine goes above and beyond to help – she’s wonderful.”**
**“I am grateful beyond words that my son is already benefiting from Julien’s advice and I look forward to seeing what the future holds.”**
**“Luci was professional, compassionate, respectful and thorough. She was easy to talk to and explained everything well.”**
**“Wendy is absolutely wonderful. The way she listens to problems is amazing and I am grateful for all the help she provided with my conditions.”**
**“Dr Nielsen has really helped me a lot.”**
## **What our practitioners say**
“When I qualified twenty years ago, my goal was for homeopathy to be available to anyone regardless of income and with H-UK I have finally found an organisation which supports that dream! Without Scottish Borders Homeopathy, many of my patients would have no access to treatment.”
## **Luci Lawless**
“Every patient is so very grateful just to be heard and understood. It is a privilege to be able to provide homeopathic treatment to people who would normally not be able to afford it and I feel honoured to be doing this work with H-UK.”
## **Wendy Scrase**
“Here in Edinburgh, there is a culture of homeopathy but the closure of the NHS-funded homeopathic hospital has left a void. Edinburgh Homeopathy is open to everyone and as such it is invaluable.”
**Julien Baron-Meyet**
## **This Year**
- Our clinics held 1,011 appointments
## **Plans for next year**
- We saw 504 patients
- Invest in a new booking platform to reduce admin time and future proof the clinics
- Our youngest patient was 1 month old and our oldest was 91 years old
- Continue to provide support to new clinics, prioritising areas of need and/or specific patient groups
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## **Working with the community**
As well as heading up Winchester Homeopathy, Dr Tim Foster also provides a homeopathic clinic at Trinity Winchester, a day service for homeless and vulnerable people in Winchester. Dr Foster has been working at Trinity on a voluntary basis since January 2022 running a free homeopathy clinic for Trinity’s users, staff and volunteers. He works closely with Trinity’s women’s group and the majority of his patients are referred from here.
Hannah Scott, Trinity Operations Director, says: “We are so grateful to have the excellent provision of homeopathy from Dr Tim Foster and Homeopathy UK. We know that many of our clients suffer with chronic sleep deprivation and anxiety disorders and have found the appointments and remedies so helpful, as well as the gentle manner in which they are treated.”
## **Grant funded projects**
This year, we continued to fund two existing clinics and supported one new clinic.
## **Garden Homeopathy**
Homeopaths Rix Pyke and Dodo Kitching continue to provide an essential service for inner city South London residents from their yurt nestled inside a community garden in Peckham.
“Homeopathy UK was one of the few funding bodies offering the size of grant needed to provide continuity of care over several years. We now run two clinics a month. The vast majority of our patients wouldn’t be able to afford homeopathy, so we are enormously grateful for the funding we receive.”
## **Rix Pyke**
**“I have always been a non-attender at school due to anxiety issues, but the women’s group encouraged me to study for GCSE Maths and English at college. I used to find the discussions in English really stressful, but when I take one of Dr Tim’s remedies I can cope well and actually enjoy it – it’s amazing!”**
**Trinity patient**
**“The yurt clinic has enabled me to begin my healing journey without being over-medicated and I’m so grateful. Talking through my history has opened up some areas of my life which have lain unresolved for decades. Notwithstanding the pains in my body and the traumas I’ve experienced, the treatment is helping me. I feel better in many areas of my life.”**
**Garden Homeopathy clinic patient**
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## **Military Veterans**
Former soldier turned homeopath Gabby Arthur continues her vital work helping military veterans who are struggling to return to civilian life and cannot access treatment for conditions such as PTSD.
“The clinic is bringing homeopathy to the attention of a community that can really benefit from it. A lot of the veterans I work with have tried various routes and felt that there was nothing left available. This has given them fresh hope. Thanks to the funding, I can support them and see the positive and powerful changes homeopathy is having on them. It’s literally changing lives.”
## **Gabby Arthur**
**“I’m a British Army veteran and have been diagnosed with PTSD. I’ve been living with symptoms such as anxiety, depression, general frustration and annoyance at the world around me. I was introduced to Gabby at a charity event and we spoke at length about homeopathy and the treatment she could offer. Gabby is extremely knowledgeable in her field and is an absolute pleasure to work with. The treatments she’s prescribed have been really effective and I would highly recommend that others try it.”**
**Jamie - Virtual clinic patient**
## **Homeopathy in the Sussex Community / Safe in Sussex**
## **New**
Homeopathy in the Sussex Community (HISC) works in partnership with Safe in Sussex (SIS), a registered charity which provides help and support for people affected by domestic abuse. With H-UK’s support, HISC is now running two SIS clinics a month. Homeopath Therese Eriksen heads up the clinic, seeing around six patients a month, mostly women but also children and teenagers. All of her patients are recovering from abusive relationships and are in trauma.
“I’m very grateful for the Homeopathy UK grant. It’s a challenge to find funders willing to support homeopathy projects and H-UK is one of the few charities – or maybe the only charity – that specifically gives grants for this purpose.”
**Carmel Conway, Project Coordinator - HISC**
**“Homeopathy has saved me and my daughter. Without it, I don’t think I would have survived. I felt like I was fighting the waves and starting to drown but homeopathy threw me a lifeline.”**
**A beneficiary of homeopathic treatment at the SIS clinic**
## **New**
## **First Response Homeopathy**
In addition, we provided a grant to support a new service from the Society of Homeopaths. First Response Homeopathy (FRH) is a new online acute consultation service which will be rolled out nationally after a successful pilot in Oxford **.**
“First Response Homeopathy will provide patient relief for ailments which might otherwise go untreated and will also help increase public awareness of homeopathy.”
**Corinne Stuart, CEO - Society of Homeopaths**
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## Promote homeopathy to new audiences
## **Website**
This year, we redesigned our homepage and improved navigation to ensure that visitors could find what they needed easily and quickly. The website is updated regularly with blog posts, success stories and news articles. Our Find-A-Homeopath tool and Conditions Directory remain our most visited sections.
## **Social media**
Social media continues to play a key role in our efforts to spread the word about homeopathy. We post engaging and relevant content across our three channels – Facebook, Instagram and LinkedIn – three times a week and have seen our followers and engagements grow steadily, without spending money on advertising.
## **Our year online**
## **16,100**
**Facebook interactions (likes, saves, comments, shares) 386%**
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204,220
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**New website users**
**38%**
**Instagram content views 9,300**
**132%**
**LinkedIn followers 167% 1084**
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## **Our magazine**
Health & Homeopathy is available to our supporters and is also very popular with patients at our charitable clinics. Published three times a year, each issue includes sector news, features on complementary and alternative medicines, interviews with patients and clinicians, remedies for conditions and life stages, health and wellbeing products and book recommendations.
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SUMMER 2023
Homeopathic
help for pets
A holistic focus
on animal health
The Women's
Issue
Spotlight on remedies
for women’s health
Health &
HOMEOPATHY HOMEOPATHY
Health &
The
Animals
Issue
Menopause:
A natural rite
of passage
Exercise for
wellbeing & health
A spotlight on
PLUS: summer remedies
our guide to
ethical and eco
pet products
SPRING 2023
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**----- Start of picture text -----**
WINTER 2023
A celebration of our
charitable clinics and
grant-funded projects
Homeopathy’s
asthma triumph
Health &
HOMEOPATHY
The
Special
Issue
Our guide to festive
PLUS: gifts for wellbeing
Meet the team at
Homeopathy UK
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## **Patient testimonials**
Real, personal experiences of homeopathy are one of the most powerful ways we can help to spread the homeopathy message. We use these stories on the success stories section of our website, on social media and in our magazine Health & Homeopathy. We work with patients from our own clinics, but also from other practitioners who refer their patients to us to interview and write up stories. This has increased the number of patient case studies.
**----- Start of picture text -----**
For the
first time in For the
first time in
decades, I have
decades, I have little
little or no symptoms
or no symptoms of
of PMDD-related
PMDD-related rage
rage and depression.
and depression. My
My stress response
stress response
has settled and I am
has settled and I am
noticeably calmer in
noticeably calmer
situations that I would
in situations that I
once have
would once
been unable to
have been
cope with.
unable to
Kirsty
cope with.
**----- End of picture text -----**
**By tackling the underlying** emotions, as well as my emotions, as well as my physical symptoms, I’ve physical symptoms, I’ve beb **e** en able to achieve n able to achieve a sense of wellbeing a sense of wellbeing that I never thought that I never thought pospo **s** ible. Homeopathy sible. Homeopathy may be gentle but it’s may be gentle but it’s enormously enormously powerful topowerful t **o** o.. **Lindsey Lindsey**
Thanks to Thanks to homeopathic homeopathic treatment, at the age treatment, at the age of seventy I am more of seventy I am more alive than I have been alive than I have been for thirty years. I have for thirty years. I have found the real Lesley found the real Lesley again and I am again and I am truly happy. truly happy. **Lesley Lesley**
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## **PR/Media**
Whilst the UK media continues to remain largely negative about homeopathy, we worked with sector colleagues on two national articles – The Telegraph and My Weekly magazine.
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My Weekly
I HEALTH
Five Facts February 2023 1 It Works On The Principle Of ‘Like Cures Like’
“In other words,” explains Dr Smyth, “a substance taken in
tiny amounts will cure the same symptoms it causes if
taken in large amounts. For example, a hay fever sufferer
may benefit from a homeopathic medicine prepared from
About onion called Allium Cepa and, although coffee can keep people awake at night, homeopathic Coffea Cruda can
help sleep.”
Homeopathy We look at some of the benefits 2 “A study in Bristol reviewed over 6,500 patients over six years It’s Well-ResearchedDespite scepticism from mainstream healthcare, there’s scientific and clinical evidence in favour of homeopathy.
of this alternative medicine and 70% reported improved health,” reveals Dr Smyth, who is an NHS GP and regularly uses homeopathy to treat patients. “In
addition, large studies in Europe have demonstrated that
doctors who integrate homeopathy within their practice
prescribe fewer antibiotics, painkillers and sleeping tablets.”
It’s Popular
www.facultyofhomeopathy.information about Homeopathy, visit the Faculty of For more org gone from strength to strength. “Homeopathy is now the treatment of choice of approximately 200 million people every year,” says Dr Smyth, who is one of an estimated 300,000 homeopathic doctors worldwide. “According to the World Health Organisation, homeopathy 3 Since homeopathy was developed over 220 years ago by a German doctor, it’s The Telegraph April 2023
is one of the top five largest healthcare systems in the world.”
ver the years, King Charles has expressed his
Owhich stimulates the body’s healing abilities using minute doses of natural substances. In fact, Charles is Patron of the Faculty of Homeopathy, composed support for alternative healthcare, including homeopathy, the complementary medicine How Can I Treat Myself?A range of basic homeopathic remedies for short-term Where Can I Find A Homeopathic Practitioner?As some healthcare professionals working in the 4 sometimes when other treatments It’s Adaptable“range of health issues, Homeopathy can help a wide
of medically-qualified use can often be found in pharmacies and good health NHS are also homeopathic practitioners, it’s worth have not been effective,” explains
doctors, vets and other food stores, or pay a visit to a specialised homeopathic checking if homeopathy is available at your GP Dr Smyth. “These include issues
healthcare professionals who pharmacy. Make your own homeopathic first aid kit with surgery, local pharmacy or NHS clinics you attend. like coughs, ear infections, bruises,
integrate homeopathy within Aconite (shock), Apis (stings), Arnica (bruising), Otherwise, Homeopathy UK’s website (homeopathy- colic and insect bites, as well as
their conventional practice. Belladonna (fever), Cantharis (burns), Chamomile uk.org) has a search facility where you can find your long-term issues like arthritis, asthma and eczema.
“We offer patients the best of (teething) and Natrum Mur (headaches). nearest homeopathic clinic, including a UK-wide Research suggests improvements in menopause,
both worlds,” says Dr Gary network of clinics offering free or low-cost sinusitis, hay fever, headaches and irritable bowel
Smyth, President of the treatments. “A homeopathic practitioner should be a syndrome (IBS). Also, homeopathic treatments can
Dr Gary Smyth Faculty of Homeopathy. “This endorsement of our work as What Can I Expect At A member of one of the four main UK homeopathic organisations and have safely be taken alongside conventional medicines.”
homeopathic practitioners is an enormous honour.” the first royal to be a fan of homeopathy. “Since the 1830s, the UK’s monarchs have all included a However, as Dr Smyth explains, King Charles isn’t medically-trained Homeopathic Consultation?“A first consultation typically lasts 60-90 minutes, with follow-ups of about 30 minutes,” says Dr Smyth. “During a consultation, the practitioner will ask lots of questions so they can build up a appropriate insurance,” says Dr Smyth. “Homeopathy UK also provides information about how to check the training, qualifications and 5 It Treats The Whole PersonHomeopathic medicines aim to relieve symptoms while also treating the cause, taking into account the patient’s
homeopathic doctor in their medical team, including complete picture of you, including medical history, personality traits, experience of a homeopathic physical health and mental wellbeing. “Homeopathy treats
Her Late Majesty the Queen who, it was frequently likes, dislikes, fears and energy levels. The most appropriate practitioner – check before everyone as unique,” says Dr Smyth. “And, because of how
reported, ensured her vials of homeopathic medicines were never far away.” homeopathic medicine will be prescribed, based on your specific symptoms, any unique features and your personal level of health.” making an appointment.” homeopathic medicines are prepared, they’re safe and have a low risk of side effects.” MW
82 www.myweekly.co.uk www.myweekly.co.uk 83
W O R D S : J A N E Y S W A N S O N P I C T U R E S : S H U T T E R S T C O K
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## Collaborate with sector partners
## **Our UK partnerships**
## **4Homeopathy (4H)**
We continue to work with sector colleagues under the 4H coalition to promote and defend homeopathy in the UK.
In April, 4H held a practitioner event – Bigger, Brighter, Bolder – which included talks and workshops, as well as an evening reception to honour the work of former MP David Tredinnick, a long-time advocate of homeopathy and chair of the All Party Parliamentary Group for Integrated Healthcare.
4H is also working on a number of initiatives around the treatment of acute conditions (including the Society’s First Response Homeopathy) in response to insight from the pharmacies about increased patient demand.
## **Plans for next year**
## **Plans for next year**
- Run paid social media campaigns to help us reach a wider
- **•** Run paid social media campaigns to help us reach a wider audience audience
- Launch a new Support Us section of our website
- Launch a new Support Us section of our website
- **•** Produce patient leaflets focusing on specific life stages and Produce patient leaflets focusing on specific life stages and
- conditions conditions
- Attend exhibitions / events to spread the word in person
- Attend exhibitions / events to spread the word in person
- Run an online course for the general public to learn about
- **•** Run an online course for the general public to learn about how to use homeopathy confidently at home homeopathic first aid
- Relaunch H-UK to the sector highlighting the range of
- **•** Relaunch H-UK to the sector highlighting the range of services we can offer services we can offer
## **The Hahnemann House Trust (HHT)**
As trustees of the HHT, we continue to play a key role in preserving the legacy of homeopathy. The HHT (founded in 1967) houses a unique collection of letters, books, biographies and personal artefacts belonging to Dr Hahnemann – and other key figures from homeopathy’s past - which can be viewed free of charge in a
virtual museum (www.hahnemannhouse.org).
In July, we secured a £10,000 National Lottery Heritage Fund grant which will enable us to undertake detailed cataloging and preservation work in order to provide greater access to the collection.
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## **Our international partnerships**
We also work closely with international partners to support nations where homeopathy is under threat, helping to ensure that patients can retain access to it.
We are members of The European Federation of Homeopathic Patients’ Associations (EFPHA) and our former CEO Cristal Skaling-Klopstock is its co-President. Cristal is also the organisation’s liaison with the European Committee for Homeopathy (ECH) and sits on their governing Council representing patients.
The European Committee for Homeopathy (ECH) represents homeopathic doctors’ organisations across Europe. Former H-UK Chair Margaret Wyllie and former CEO Cristal sit on the ECH Council. Margaret is co-ordinator of the ECH’s Documentation sub-committee and Cristal is co-ordinator of the PR & Communications working group which organised professional media training for all attendees at the May meeting in Mainz, providing the leaders of homeopathic doctor organisations with key skills to navigate media queries and respond positively with key messages when interviewed.
## **Plans for next year Plans for next year**
- Develop new shared resources for 4H members to promote
- **•** Develop new shared resources for 4H members to promote homeopathy across the UK homeopathy across the UK
- Utilise our HHT funding to inventory books, journals and
- **•** Utilise our HHT funding to inventory books, journals and magazines and improve access to the full collection to the magazines and improve access to the full collection to the
- public public
- Provide information for European countries to build patient
- **•** Provide information for European countries to build patient groups defending access to medicines groups defending access to medicines via ECH
- Highlight patient rights and needs in developing EU and WHO
- **•** Highlight patient rights and needs in developing EU and WHO policy where possible policy where possible
- Launch EU-wide communications and lobbying strategy to
- **•** Launch EU-wide communications and lobbying strategy to defend and promote homeopathy defend and promote homeopathy
Over the year, Cristal has represented patients at two WHO events through her work on with the TCIH People’s Declaration. In July, at the CSO Dialogue meeting chaired by WHO Director General Tedros Adhanom Ghebreyesus, she spoke on the need for better integration of traditional and complementary healthcare approaches in medicine globally. She was then invited by WHO to attend the first 1st WHO Traditional Medicine Global Summit in August in Gandhinagar, India. She was one of the only patient organisation representatives invited.
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## Research and training
## **Research**
## **Grant funded project - Veterinary homeopathy**
Constant attacks on homeopathy from within the veterinary profession have negatively affected the number of vets wishing to train in homeopathy. Despite this, the National Centre for Integrative Medicine has continued to provide a veterinary homeopathy course, the only one in the UK accredited by the Faculty of Homeopathy. However, the small numbers attending have placed a strain on resources, particularly with regards to essential real case provision. Our new funding supports student observation and teaching.
We have worked with Statisticians for Society - a pro bono statistics organisation - to analyse our clinic ORIDL (Outcome in Relation to Impact on Daily Living) data.
The ORIDL tool measures patients’ views of the outcome of their treatment and also provides information about conditions and remedies.
## **Grant funding**
- We have provided The Faculty of Homeopathy with funding to ensure that more doctors, nurses, vets, pharmacists, midwives and other healthcare professionals in the UK can train in homeopathy
## **Plans for next year**
## **Plans for next year**
- Use new ORIDL dashboard to analyse clinic data and improve
- **•** Use new ORIDL dashboard to analyse clinic data and improve our service our service
- Provide education to all clinic providers and grant funded
- **•** Provide education to all clinic providers and grant funded clinicians on how to best use ORIDL datasheet for best data clinicians on how to best use ORIDL datasheet for best data
- capture capture
- Work with The Faculty to increase numbers of new
- **•** Work with The Faculty to increase numbers of new practicing LFHoms & MFHoms in the UK MFHom
- This funding has been used to:
- Increase the number of healthcare professionals undertaking training through events, virtual teaching and lectures
- Launch five new clinical training clinics for students on accredited training scheme
- Launch new membership categories and a new examination and membership scheme
- Ensure faculty members stay up to date with CPD and other professional obligations
- Over the year, there has been a 13% increase in the numbers of doctors using the Faculty for GMC revalidation
**24**
**25**
## Fundraising
**----- Start of picture text -----**
£
**----- End of picture text -----**
**Legacies & Donations**
As a charity we receive no government funding, so we remain enormously grateful to the many donors and organisations that support us and enable us to continue our work.
**2023 £** 461,503
**vs 2022 £488,278**
This year, we welcomed Business Development Manager Lucy Godfrey to the team and
undertook some key activities:
- We carried out our first supporter survey, providing us with useful data.
- We did some valuable “personas” work to help us better understand our supporters and identity future income streams
- We made applications to a number of national funding bodies such as the National Lottery
- We launched new initiatives such as EasyFundraising
Over the year, we were also fortunate to have benefitted from a number of generous legacies, grants and donations from the public.
Legacies once again represented a considerable percentage of our income [61% vs 81% in 2022. We also received £34,481 in individual donations and grants to support all aspects of our work.
We would like to thank the Blackie Foundation Trust, Scottish Homeopathic & Research and Education Trust, Northwest Friends of Homeopathy and Honeyman Gillespie Trust for their ongoing support.
**----- Start of picture text -----**
Your Guide to Gifts in Wills
**----- End of picture text -----**
## **Supporter survey data**
- **64%** found out about Homeopathy UK because of their own interest in homeopathy
- **34%** make regular donations
- **24%** found out about us through our magazine Health & Homeopathy
- **9%** have included a gift in their will
Most popular topics our supporters want to hear about:
## 100
**----- Start of picture text -----**
80
60 76% 70%
general 58%
40
information
and latest inspiring
20
news about homeopathy news from
homeopathy stories our clinics
0
**----- End of picture text -----**
## **This Year**
- We received £281,107 in legacies
## **Plans for next year Plans for next year**
- Launch our legacy campaign
- Launch our legacy campaign
- Launch a new “Support Us” section
- **•** Launch a new “Support Us” section of our website of our website
- (£416,891 in 2022).
- Launch a new Membership scheme
- Launch a new Membership scheme
- We received
- **•** Work on a new strategy for Patrons, Work on a new strategy for Patrons, £34,481 in Ambassadors and VIPs Ambassadors and VIPs donations from
- **• • •** Work on a high value donors plan the public
- Work on a high value donors plan
- **• • •** Work on a high value donors plan
- (£25,171 in
- 2022).
**26**
**27**
**----- Start of picture text -----**
Financial review Graph of expenditure
£ 489,334
Total income
Research Training healthcare
£2,838 professionals
£25,439
1%
4%
Informatio Cost of generating
n provision funds
£220,635 12% £97,302
Supporter donations Investment income
£ 34,481 £ 14,389
42%
41%
Donations & Gifts Charitable activities
Public
£ 145,915 £ 13,442 access
£254,057
Advertising Legacies £ 600,271
£ Nil £ 281,107 Total expenditure
28
**----- End of picture text -----**
## **Financial review**
**28**
**29**
## Corporate governance
The Trustees, acting as the Council for the charity, meet four times a year to:
- Review the performance of the charity’s activities against its strategic and business plans
- Consider particular matters for their attention as laid out in the governing documents
- Direct the executive officers of the
- charity as appropriate
- In addition, they meet once a year to focus on overarching strategy and undertake detailed planning
## **Committees**
There are three active committees of the Council which provide advice and recommendations in the following areas:
- Finance Committee – financial matters including the appointment of financial advisers and guidance on financial controls
- Grants Committee – the review of grant applications and funding recommendations
- Clinics Committee – to discuss strategy and operations of our charitable network
## **Management Team**
The Homeopathy UK management team is led by the CEO and comprises:
- Marketing & Communications & Fundraising Director
- Operations Manager
- Clinics Manager
- Business Development Manager
The team meets weekly to progress activities and discuss strategy and performance of the charity on the authority delegated by the Trustees.
## **Remuneration of senior staff**
Senior staff salary levels are initially set when recruiting, through external review by employment experts to ensure salaries reflect the current employment market to attract highcalibre candidates to apply for the posts. Once employed, staff member salaries are reviewed based on changes in responsibilities, performance in post and economic changes. CEO recruitment and salary management is undertaken in a similar manner by the Trustees.
## **Organisational structure**
There are seven staff members, two fulltime and five part-time. Homeopathy UK is committed to equal opportunities. Conditions of employment are set out in the staff materials held on the Citrus HR system.
## **Reserves policy**
The charity relies on legacies and donations or retained reserves to fully fund its activities. Since legacy income is unpredictable in both amount and frequency, the Trustees have agreed that sufficient reserves should be maintained to support the charity’s activities for one year.
The charity determines an operating deficit by deducting sustainable income from the cost of its planned activity level for the twelve month period, ensuring that sufficient reserves are retained to meet this operating deficit. In this way, planned increases or enforced decreases in activity can be managed
healthcare practitioners who are qualified in homeopathy – doctors, nurses, midwives, pharmacists, podiatrists and vets.
decreases in activity can be managed smoothly.
The target reserves for 2022-23 year were £253,402. At 2021-22 year end the unrestricted free reserves were £ **172,757** which is below the target. As the reserve level is below the annual budgeted deficit the Trustees will consider the charity’s financial position and anticipated income to either modify the reserve policy or implement operational reductions to ensure reserves remain aligned with the current policy.
The Faculty – which has around 500 members – ensures the highest standards of homeopathic training, education and practice. It is also the leading authority on homeopathic medicine and lobbies government, the medical establishment and other key decision-makers for homeopathy to be fully integrated into healthcare systems the UK and worldwide.
Designated funds of £106,850 are held to ensure the charity has sufficient funding for on-going grant commitments, clinic operations and redundancy costs should it face an unanticipated, emergency wind down.
## **Risk management**
Trustees and senior staff identify risks to the charity on an ongoing basis. These risks have been documented within a risk register that is ranked by severity. This risk register is regularly discussed and updated at Trustee meetings. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
Restricted funding is used against expenditure that meets the purposes of the funds.
## **Fundraising costs**
The significant risks identified are shown on Page 32.
The charity’s fundraising costs are directly linked with the salaries of the charity’s Business Development team who ensure core processes such as gift processing and donor management are undertaken. The team is also responsible for applying to grant funders to secure funding for both current and new projects as well as identifying how to attract additional funding and new donors to the charity.
## **Auditors**
Our auditors are Sayer Vincent LLP.
This report has been prepared in accordance with the special provisions relating to small companies within part 15 of the Companies Act (2006).
On behalf of the Trustees
## **Grant-making policy**
In 2015-6, Homeopathy UK started accepting grant applications for future funding. The grant awarding policy and application is available to the public on the organisation’s website. Over the period, £48,175 was spent on grants and John Morgan a further £46,380 was allocated to Chair Trustee approved projects which are ongoing or will start in 2023-24. Date: 23 April 2024
## **The Faculty of Homeopathy**
The Faculty of Homeopathy is the only professional body in the UK representing statutorily registered
**30**
**31**
**----- Start of picture text -----**
|||
|---|---|
|Identified Significant Risks|
|Risk Identified|Key Mitigation/Control Measures|
|The financial security of the|The Finance Committee meets regularly|
|charity|(at minimum five times a year) to monitor|
|finances and income projections and make|
|recommendations to ensure the charity is|
|secure financially.|
|Appropriate staffing levels|CEO and Trustees review projects and ongoing|
|operations at each meeting to measure|
|progress and consider if additional staff are|
|needed to meet objects by set timeframes.|
|Retention of organisational|Long standing staff have job notes to allow|
|knowledge to ensure objects|others to do key aspects of work. There is|
|can be met|
|a sharing of information with all staff about|
|the history of the charity and affiliated|
|organisations.|
|Potential reputational damage|There are set policies for staff, contractors and|
|issues to the charity and to|trustees around actions that could damage the|
|homeopathy itself|charity. The charity has position statements and|
|media trained key staff to be prepared if there|
|is an emergency where a public response is|
|required.|
|Appropriate governance to|Trustees are provided with guidance|
|allow the charity to meet its|from the Charity Commission around|
|statutory and organisational|their responsibilities. Information on the|
|obligations|requirements of statutory bodies is shared|
|with all Trustees after appointment during|
|orientation.|
|IT systems failure|External IT support is secured for all operational|
|IT infrastructure and devices – including the|
|phone system. The firm ensure security of|
|cloud-based systems and provide support to all|
|staff as needed.|
**----- End of picture text -----**
## Report of the Trustees
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 August 2023. 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).
## **Statement of Trustee’s responsibilities**
The trustees (who are also the directors of Homeopathy UK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
**32**
**33**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company’s auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **Appointing Trustees**
The method of appointment of Trustees is contained in the governing documents. Trustees are also members of Homeopathy UK’s Council and simultaneously guaranteed members of the company.
Before new Trustees are appointed, a review of the Trustee body’s skills mix is undertaken and steps taken to recruit new Trustees with skills that fill any gaps. New Trustees are invited to an induction meeting where they receive a comprehensive overview of the charity, its work and governance. Trustees regularly review their need for additional training to effectively fulfil their role. No Trustee has any financial interest in Homeopathy UK, or received any renumeration aside from out-of-pocket expenses.
## **Principal activities of the charity**
All activities undertaken by the charity are of benefit to the public. The Trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit and ensured that the charity’s aims and objectives are in line with this guidance.
The year 2022-23 has been one of achievement against the organisation’s strategic goals (see page 6). For example, the charity has increased the number of charitable clinics it provides – or funds through grants – enabling more people to access high quality homeopathic care from registered healthcare professionals.
Over the period, the charity’s strategic goals were to:
- Provide clinics, advice and support to enable patients to access homeopathy.
- Educate patients about homeopathy through publications and other information.
- Enhance its digital presence via its website and social media channels.
- Maintain sound governance and financial security.
- Grow its supporter base and increase donations through fundraising and donor cultivation.
- Work with UK and international partners to promote and defend homeopathy.
- Pages 5-25 outlines the charity’s achievement against plans in more detail.
## **Financial results for year ending 31 August 2023**
Net movement in funds was (£83,481) (2022: (£48,212)).
The total reserves of Homeopathy UK stand at £512,933 (2022 £596,414)
**34**
**35**
Independent auditor’s report to the members of Homeopathy UK
## **Opinion**
## **Basis for opinion**
We have audited the financial statements of Homeopathy UK (the ‘charitable company’) for the year ended 31 August 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In our opinion the financial statements:
- Give a true and fair view of the state of the charitable company’s affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Homeopathy UK’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
- Have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended)
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- The information given in the trustees’ annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- The trustees’ annual report, has been prepared in accordance with applicable legal requirements
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:
- Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- The financial statements are not in agreement with the accounting records and returns; or
- Certain disclosures of trustees’ remuneration specified by law are not made; or
- We have not received all the information and explanations we require for our audit; or
- The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.
## **Responsibilities of Trustees**
As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
**36**
**37**
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
## **Capability of the audit in detecting irregularities**
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
- Identifying, evaluating, and
- complying with laws and regulations and whether they were aware of any instances of noncompliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed any reports made to regulators.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of the report**
This report is made solely to the charitable company’s members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
Sayer Vincent LLP Statutory Auditor 110 Golden Lane, London EC1Y 0TG
Noelia Serrano
(Senior Statutory Auditor) Date: 28 May 2024
Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006
**38**
**39**
## **HOMEOPATHY UK**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 AUGUST 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Voluntary income
3
316,589
**Income from charitable activities**
5
Increasing public access
4,576
Other - Misc.
1,806
Clinics
1,791
Activities for generating funds
4
14,389
**Total**
339,151
**EXPENDITURE ON**
Raising funds
6
96,402
**Charitable activities**
7
Increasing public access
131,500
Provision of information
202,068
Research and development
2,838
Training of healthcare professionals
20,039
**Total**
452,847
Net (losses) on investments
(8,401)
**NET INCOME/(EXPENDITURE)**
(122,097)
**RECONCILIATION OF FUNDS**
Total funds brought forward
407,037
**TOTAL FUNDS CARRIED FORWARD**
284,940|Restricted
funds
£
144,914
-
-
5,269
-
150,183
900
82,177
18,567
-
5,400
107,044
(4,523)
38,616
189,377
227,993|2023
Total
funds
£
461,503
4,576
1,806
7,060
14,389
489,334
97,302
213,677
220,635
2,838
25,439
559,891
(12,924)
(83,481)
596,414
512,933|2022
Total
funds
£
488,278
-
1,292
12,425
15,533
517,528
59,331
198,292
206,515
1,756
18,211
484,105
(81,635)
(48,212)
644,626
596,414|
|---|---|---|---|
The notes form part of these financial statements
40
## **HOMEOPATHY UK**
## **BALANCE SHEET** As at **31 AUGUST 2023**
Company number: 00102915
|Notes
**FIXED ASSETS**
Tangible assets
13
Investments
14
**CURRENT ASSETS**
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
18
Unrestricted funds:
General fund
Designated
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
5,333
299,643
304,976
38,144
25,268
63,412
(83,448)
(20,036)
284,940
284,940|Restricted
funds
£
-
213,015
213,015
-
14,978
14,978
-
14,978
227,993
227,993|2023
Total
funds
£
5,333
512,658
517,991
38,144
40,246
78,390
(83,448)
(5,058)
512,933
512,933
178,090
106,850
284,940
227,993
512,933|2022
Total
funds
£
5,330
628,582
633,912
27,511
44,489
72,000
(109,498)
(37,498)
596,414
596,414
263,456
143,581
407,037
189,377
596,414|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 April 2024 and were signed on its behalf by
## John Morgan
Chair
The notes form part of these financial statements
41
## **HOMEOPATHY UK**
## **CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2023
£
(113,666)
(113,666)
(1,979)
(30,170)
141,572
109,423
(4,243)
44,489
40,246|2022
£
24,383
24,383
(2,174)
(155,745)
103,183
(54,736)
(30,353)
74,842
44,489|
|---|---|---|
The notes form part of these financial statements
42
**HOMEOPATHY UK**
## **NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2023**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Losses on investments
(Increase)/decrease in debtors
Decrease in creditors
**Net cash (used in)/provided by operations**|2023
£
(83,481)
1,976
12,924
(10,633)
(34,452)
(113,666)|2022
£
(48,212)
2,329
81,907
43,277
(54,918)
24,383|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**ANALYSIS OF CHANGES IN NET FUNDS**||
|---|---|
|At 1.9.22
Cash flow
At
£
£
**Net cash**
Cash at bank and in hand
44,489
(4,243)
44,489
(4,243)
**Total**
44,489
(4,243)|31.8.23
£
40,246|
||40,246|
||40,246|
The notes form part of these financial statements
43
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 AUGUST 2023**
## **1. STATUTORY INFORMATION**
Homeopathy UK is a charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found on the Contents page. The presentation currency of the financial statements is the Pound Sterling (£).
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
Basis of preparation and assessment of going concern. The financial statements of the charitable company, which is a public benefit entity FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable for charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, 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.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s General guidance on public benefit ensuring it is in line with the Charity’s aims and objectives.
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Income**
Income from donations is included in the financial statements on a receivable basis. Pecuniary and residuary legacies are included when the amounts can be reasonably quantified and the charity has certainty of receipt. All other income is accounted on an accruals basis. Income is stated after trade discounts, other sales taxes and net of VAT.
## **Resources expended**
The charity incurs two main categories of expenditure which are cost of generating funds and charitable activities. All categories of expenditure are accounted for on accruals basis. The cost for generating funds includes fundraising and publicity costs as well as investment management fees. Charitable activities expenditure includes the training of healthcare professionals, provision of information, increasing public access and research and development.
a) Direct costs have been directly allocated against the activity to which they relate. b) Grants have been directly allocated against the activity to which they relate.
c) Staff costs have been allocated against cost of generating funds and charitable activities on a staff time basis. d) Similarly, support costs have been allocated against cost of generating funds and charitable activities on a staff time basis.
A breakdown of the expenditure included within support costs is detailed in the notes to the accounts.
## **Grants awarded**
Provision is made for grants when approved by the Trustees and communicated to recipients. Grants approved and communicated but not paid at the balance sheet date are included in liabilities.
## **Tangible fixed assets**
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses. Tangible fixed assets with a value of £500 or more are capitalised.
## **Depreciation**
Depreciation is provided to write off the cost or valuation, less estimated residual values, of all fixed assets, over their expected useful lives. It is calculated at the following rates:
The notes form part of these financial statements
44
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **2. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
- Office equipment, fixtures and equipment - 33% reducing balance
- Computer equipment - 33% reducing balance
## **Taxation status**
The organisation as a registered charity does not incur corporation tax and reclaims any recoverable tax suffered on investment income.
## **Investments**
Investments are shown at market value. The unrealised movement in market value from one year to another is taken to the appropriate fund. The market value of investments is determined by reference to stock exchange prices at the balance sheet date. Gains or losses arising during the year are disclosed in the Statement of Financial Activities (SOFA).
## **Cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Fund accounting**
General funds are available for use at the discretion of the Trustees in pursuing the general charitable objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds are created when funds (whether income or capital in nature) are given to, or raised by, the charity for use in a particular area or for a specific purpose only.
## **Gifts in kind**
The charity includes individual gifts in kind where these are worth in excess of £500.
## **Operating leases**
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial resources.
## **Pensions**
The company contributes to individual staff’s pension schemes, whose assets are maintained separately from those of the charity. The pension charge represents the amounts payable by the Charitable company to the funds during the year. All expenses under the pension scheme are included within unrestricted charitable activities.
## **Emoluments**
The Trustees who are the directors of the company do not receive emoluments for their services nor do contracts of services exist between the Trustees and the Charitable company.
## **Creditors and provisions**
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.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
The notes form part of these financial statements
45
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
|**3.**
**VOLUNTARY INCOME**
Donations and gifts
Supporters’ donations
Gift aid
Legacies
**4.**
**ACTIVITIES FOR GENERATING FUNDS**
Advertising income
Investment income
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Clinics
Increasing public access
Other income
Other - Misc.
Clinics
Clinics|2023
£
145,915
27,223
7,258
281,107
461,503
2023
£
-
14,389
14,389
2023
£
4,576
1,806
7,060
13,442|2022
£
46,216
25,171
-
416,891
488,278
2022
£
60
15,473
15,533
2022
£
-
1,292
12,425
13,717|
|---|---|---|
||||
## **6. RAISING FUNDS**
|**Cost of Generating Funds**
Fundraising and publicity
Investment management fees|Direct
Costs
31,695
2,841
34,536|Staff
Costs
52,660
-
52,660|Support
Costs
10,106
-
10,106|2023
£
Total
94,461
2,841
97,302|2022
£
Total
54,932
4,399
59,331|
|---|---|---|---|---|---|
The notes form part of these financial statements
46
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **7. ANALYSIS OF TOTAL RESOURCES EXPENDED**
|**Cost of Generating Funds**
Fundraising and publicity
Investment management fees
**Charitable Activities**
Increasing public access
Provision of information
Research and development
Training of healthcare professionals|Direct
Costs
25,577
2,841
28,418
70,027
45,786
-
-
115,814
144,232|Grants
-
-
-
67,055
-
-
21,500
88,555
88,555|Staff
Costs
52,660
-
52,660
89,598
133,557
2,169
3,005
228,329
280,989|Support
Costs
16,224
-
16,224
27,377
41,292
669
934
70,272
86,496|2023
£
Total
94,224
2,841
97,302
254,057
220,635
2,838
25,439
502,969
600,271|2022
£
Total
54,932
4,399
59,331
198,290
206,514
1,756
18,211
424,774
484,105|
|---|---|---|---|---|---|---|
|**Breakdown of Support Costs**
Computer Expenses
Depreciation
Finance Costs
Governance costs
Insurance
Miscellaneous Expenses
Office Rental
Other staff costs
Postage and Stationary
Premises Expenses
Professional Fees
Staff Training
Storage Costs
Telephone
Travel Expenses
**Breakdown of Governance Costs**
Audit Fees
Accountancy Fees
Meeting Expenses
General Expenses CEO|2023
£
5,083
1,976
885
25,620
3,618
45
16,843
4,531
3,018
-
17,845
1,715
1,587
1,468
2,259
86,496
2023
£
10,260
4,100
10,137
1,122
25,620|2022
£
19,104
2,329
937
19,982
3,915
107
18,456
1,295
1,456
1,760
39,019
390
2,144
2,958
295
114,118
2022
£
9,000
4,182
5,281
1,520
19,982|
|---|---|---|
The notes form part of these financial statements
47
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **8. GRANTS PAYABLE**
|Increasing public access
Training of healthcare professionals
The total grants paid to institutions during the year was as follows:
Faculty of Homeopathy
Clinics
Society of Homeopaths|2023
£
26,675
21,500
48,175
2023
£
17,900
24,275
6,000
48,175|2022
£
10,893
5,000
15,893
2022
£
5,000
4,243
-
9,243|
|---|---|---|
## **9. NET (EXPENDITURE)**
Net expenditure is stated after charging/(crediting):
|Depreciation - owned assets
Finance costs
Governance costs - Auditor's remuneration|2023
£
1,976
885
8,400|2022
£
2,329
937
7,500|
|---|---|---|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
The Trustees received no emoluments during the year (2022: nil).
Reimbursed expenses to 5 trustees totalled £1,815 (2022: £1,523). All expenses were the reimbursement of travel and meeting related costs.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2023
£
247,023
21,623
12,343
280,989|2022
£
193,378
16,547
9,831
219,757|
|---|---|---|
The average monthly number of employees during the year was as follows:
||2023|2022|
|---|---|---|
|Direct charitable activities|6|5|
The notes form part of these financial statements
48
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **11. STAFF COSTS - continued**
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|£70,001 - £80,000
£80,001 - £90,000|2023
-
1
1|2022
1
-|
|---|---|---|
|||1|
The total employee benefits of the key management personnel of the Trust were £90,689 (2022: £87,367).
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Voluntary income
443,066
**Income from charitable activities**
Other - Misc.
1,292
Clinics
-
Activities for generating funds
15,533
**Total**
459,891
**EXPENDITURE ON**
Raising funds
58,153
**Charitable activities**
Increasing public access
140,655
Provision of information
204,934
Research and development
1,756
Training of healthcare professionals
18,211
**Total**
423,709
Net (losses) on investments
(55,526)
**NET (EXPENDITURE)**
(19,344)
**Transfers between funds**
11,372
**Net movement in funds**
(7,972)
**RECONCILIATION OF FUNDS**
Total funds brought forward
415,009
**TOTAL FUNDS CARRIED FORWARD**
407,037|Restricted
funds
£
45,212
-
12,425
-
57,637
1,178
57,637
1,581
-
-
60,396
(26,109)
(28,868)
(11,372)
(40,240)
229,617
189,377|Total
funds
£
488,278
1,292
12,425
15,533
517,528
59,331
198,292
206,515
1,756
18,211
484,105
(81,635)
(48,212)
-
(48,212)
644,626
596,414|
|---|---|---|
The notes form part of these financial statements
49
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **13. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2022
Additions
At 31 August 2023
**DEPRECIATION**
At 1 September 2022
Charge for year
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022
**14.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 September 2022
Additions
Disposals
Revaluations
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022
**MARKET VALUE**
At 1 September 2021
Additions
Disposals
Revaluations
At 31 August 2022
**NET BOOK VALUE**
At 31 August 2022|Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
3,903
27,407
31,310
-
1,979
1,979
3,903
29,386
33,289
3,117
22,863
25,980
259
1,717
1,976
3,376
24,580
27,956
527
4,806
5,333
786
4,544
5,330
Listed
investments
£
628,583
30,170
(141,572)
(4,523)
512,658
512,658
628,583
Listed
investments
£
657,926
155,499
(103,183)
(81,660)
628,583
628,583|
|---|---|
The notes form part of these financial statements
50
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **14. FIXED ASSET INVESTMENTS continued**
There were no investment assets outside the UK.
Cost or valuation at 31 August 2023 is represented by:
|||Listed|
|---|---|---|
|||investments|
|||£|
|Valuation in|2023|512,658|
If fixed asset investments had not been revalued they would have been included at the following historical cost:
|Cost|2023
£
516,708|2022
£
499,554|
|---|---|---|
## **15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments and accrued income|2023
£
27,750
10,394
38,144|2022
£
14,035
13,476|
|---|---|---|
|||27,511|
Included within other debtors above is £21,447 (2022: £nil) which is due from a connected charity and related party, Hahnemann House Trust.
The notes form part of these financial statements
51
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
.
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Grants payable
Other creditors
Accruals and deferred income
Related party creditors
**Grants Payable**
**Grants payable at 1 September 2022**
Grants not accrued in previous year
Grants approved within the current year
Grants not accrued in current year
Grants paid during the year
**Grants payable at 31 August 2023**
Grants payable within one year||
|---|---|
## **Grants Payable**
## **Grant Commitments**
In addition to the amounts committed and accrued noted above, the Trustees have also authorised certain grants which are subject to the recipient fulfilling certain conditions. The total amount authorised but not accrued as expenditure at 31 August 2023 was £46,380 (2022: £38,852).
The notes form part of these financial statements
52
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **17. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year|2023
£
4,435|2022
£
4,180|
|---|---|---|
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated
**Restricted funds**
Mervyn Madge Fund
Samuel Goodenough Trust
Phillips Memorial
P Fisher
Homeopathy for the Home
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**Restricted funds**
Samuel Goodenough Trust
Phillips Memorial
Scottish Homeopathic Research and
Education Trust
Blackie Foundation Trust
Homeopathy for the Home
**TOTAL FUNDS**|At 1.9.22
£
263,456
143,581
407,037
10,408
66,777
111,982
210
-
189,377
596,414
as follows:
Incoming
resources
£
339,151
(1)
(1)
15,184
35,000
100,001
150,183
489,334|Net
movement
in funds
£
(122,097)
-
(122,097)
-
(3,965)
(39,492)
-
82,073
38,616
(83,481)
Resources
expended
£
(452,847)
(5,811)
(33,121)
(15,184)
(35,000)
(17,928)
(107,044)
(559,891)|Transfers
between
At
funds
31.8.23
£
£
36,731
178,090
(36,731)
106,850
-
284,940
-
10,408
-
62,812
-
72,490
-
210
-
82,073
-
227,993
-
512,933
Gains and
Movement
losses
in funds
£
£
(8,401)
(122,097)
1,847
(3,965)
(6,370)
(39,492)
-
-
-
-
-
82,073
(4,523)
38,616
(12,924)
(83,481)|
|---|---|---|---|
The notes form part of these financial statements
53
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **18. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated
**Restricted funds**
Homeopathic Post Graduate
Mervyn Madge Fund
Samuel Goodenough Trust
Phillips Memorial
P Fisher
**TOTAL FUNDS**|At 1.9.21
£
261,076
153,933
415,009
11,372
10,408
72,024
135,603
210
229,617
644,626|Net
movement
in funds
£
(19,344)
-
(19,344)
-
-
(5,247)
(23,621)
-
(28,868)
(48,212)|Transfers
between
funds
£
21,724
(10,352)
11,372
(11,372)
-
-
-
-
(11,372)
-|At
31.8.22
£
263,456
143,581
407,037
-
10,408
66,777
111,982
210
189,377
596,414|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Samuel Goodenough Trust
Phillips Memorial
Scottish Homeopathic Research and
Education Trust
Blackie Foundation Trust
Clinics Appeal
**TOTAL FUNDS**|Incoming
resources
£
459,891
-
-
15,212
30,000
12,425
57,637
517,528|Resources
expended
£
(423,709)
(2,006)
(753)
(15,212)
(30,000)
(12,425)
(60,396)
(484,105)|Gains and
Movement
losses
in funds
£
£
(55,526)
(19,344)
(3,241)
(5,247)
(22,868)
(23,621)
-
-
-
-
-
-
(26,109)
(28,868)
(81,635)
(48,212)|
|---|---|---|---|
The notes form part of these financial statements
54
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **18. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers||
|---|---|---|---|---|
|||movement|
between|At|
||At 1.9.21|
in funds|funds|31.8.23|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|261,076|(141,441)|69.827|178,090|
|Designated|153,933|-|(58.455)|106,850|
||415,009|(141,441)|11,372|284,940|
|**Restricted funds**|||||
|Homeopathic Post Graduate|11,372|-|(11,372)|-|
|Mervyn Madge Fund|10,408|-|-|10,408|
|Samuel Goodenough Trust|72,024|(9,212)|-|62,812|
|Phillips Memorial|135,603|(63,113)|-|72,490|
|P Fisher|210|-|-|210|
|Homeopathy for the Home|-|82,073|-|82,073|
||229,617|9,748|(11,372)|227,993|
|**TOTAL FUNDS**|644,626|(131,693)|-|512,933|
|A current year 12 months and prior year 12 months combined||net movement in|funds, included in the above ar||
|as follows:|||||
||Incoming|
Resources|
Gains and|Movement|
||resources|
expended|
losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|799,042|(876,556)|(63,927)|(141,441)|
|**Restricted funds**|||||
|Samuel Goodenough Trust|(1)|(7,817)|(1,394)|(9,212)|
|Phillips Memorial|(1)|(33,874)|(29,238)|(63,113)|
|Scottish Homeopathic Research and|||||
|Education Trust|30,396|(30,396)|-|-|
|Blackie Foundation Trust|65,000|(65,000)|-|-|
|Clinics Appeal|12,425|(12,425)|-|-|
|Homeopathy for the Home|100,001|(17,928)|-|82,073|
||207,820|(167,440)|(30,632)|9,748|
|**TOTAL FUNDS**|1,006,862|(1,043,996)|(94,559)|(131,693)|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
## **PERMANENT ENDOWMENTS**
Permanent endowments are funds for which only the income from the endowment can be used to fund activities. The principal of the endowment cannot be spent. There are currently no permanent endowments held by Homeopathy UK.
## **RESTRICTED FUNDS**
Homeopathy UK holds restricted funds which are given by donors for particular activities and can only be spent for those activities. The following are the restricted funds held by Homeopathy UK:
The notes form part of these financial statements
55
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **18. MOVEMENT IN FUNDS - continued**
**Philips Memorial:** The fund is for use in Kent and for the promotion and advancement of homeopathy.
**Samuel Goodenough Trust:** During the 2021 financial year, with approval from the Charity Commission and former Samuel Goodenough Trust Trustees, this fund, totalling £60,143 at the date of transfer, was reclassified from permanent endowment to restricted. The purpose for this fund is for the furtherance of education, research and promotion of veterinary homeopathy.
**Blackie Foundation Trust** : is a grant from the Blackie Foundation Trust to support Homeopathy UK charitable and low cost clinics and to help develop educational opportunities through the clinics.
**Peter Fisher Fund:** is a fund in memory of Dr Peter Fisher for homeopathic research, education and international collaboration.
**SHRET (Scottish Homeopathic Research & Education Trust)** : is a Scottish charity which donated restricted funding to support Homeopathy UK charitable clinics running in Scotland.
**Mervyn Madge Fund** : is for the naming of a section of a library focused on homeopathic pharmacy in memory of the late Christina Brenda Madge.
**Homeopathy for the Home Fund** : A restricted donation for the development and delivery of a homeopathy course for the public which will enable attendees to become confident self-prescribers of homeopathy for acute use. This course will be launched in 2024 and will be hybrid in its delivery providing online presentations and live stream sessions. The course features key educators from across homeopathy in the UK and will be provided on a rolling basis.
## **DESIGNATED FUNDS**
Homeopathy UK decided the accounts from 2018-19 going forward would identify designated funds which quantify ongoing commitments into future accounting periods. This is to present a clearer picture of the true levels of unrestricted funds available to the organisation.
The funds are designated for ongoing grant commitments, funding to cover at least 6 months of our charitable clinic operations and redundancy costs in the event the charity needs to wind down unexpectedly.
## **TRANSFERS BETWEEN FUNDS**
**Designated fund:** The transfers between the designated fund and the general fund is to bring this fund in line with the commitments listed in this note above.
The notes form part of these financial statements
56
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **19. RELATED PARTIES**
## **Ultimate controlling party**
The Board of Trustees are the ultimate controlling party as set out by the governing document.
## **(i) The Faculty of Homeopathy**
The Faculty of Homeopathy (FoH) is a connected non-profit organisation, with whom Homeopathy UK shares a number of Council Members. The various related party transactions and balances have been detailed below:
## **Grant Commitment**
During the year ended 31 August 2021, Homeopathy UK made a grant commitment of £165,000 to The Faculty of Homeopathy as agreed by the Homeopathy UK Council. This grant was to support the Faculty across a 3 year period, as detailed below:
|Year ended 31 August 2021
Year ended 31 August 2022
Year ended 31 August 2023|£
60,000
55,000
50,000
165,000|
|---|---|
The total grant commitment of £165,000 was recognised as expenditure within the year ended 31 August 2021.
A further grant of £5,400 was awarded and paid to the Faculty of Homeopathy within the year ended 31 August 2023.
## **Grants Paid**
During the year, the following amounts were paid to the Faculty of Homeopathy.
|Grant paid during the financial year|2023
£
55,400
55,400|2022
£
50,000|
|---|---|---|
|||50,000|
## **Grant Liability**
At the financial year end, the following amounts were outstanding to the Faculty of Homeopathy in respect of the grant commitment, as detailed above.
|
the grant commitment, as detailed above.|||
|---|---|---|
|Due within one year|2023
£
12,500
12,500|2022
£
50,000|
|||50,000|
## **Support of the Charity**
Homeopathy UK have agreed to settle any outstanding debts of The Faculty of Homeopathy where they are unable to meet such obligations.
## **(ii) The William Kadleigh Memorial Fund**
The William Kadleigh Memorial Fund is an unincorporated connected charity whose capital funds are held and managed by Homeopathy UK on behalf of the Kadleigh Committee.
As at the balance sheet date, funds held on behalf of the charity total £2,311 (2022: £966) and are included within related party creditors.
The notes form part of these financial statements
57
**HOMEOPATHY UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2023**
## **20. RELATED PARTIES - continued**
## **(iii) Hahnemann House Trust**
Hahnemann House Trust is an unincorporated connected charity with Homeopathy UK and Homeopathy UK is the Trustee of the charity. Funds are used to maintain homeopathic artefacts and support homeopathic education and research.
Homeopathy UK also cross charged certain office and staff shared costs totalling £37,189 (2022: £29,172) within the financial year.
At the year end, the Hahnemann House Trust owed £21,447 (2022: £5,743 HHT owed HUK) to Homeopathy UK. This balance is included within other debtors and other creditors in the previous year respectively.
## **21. PENSION**
Homeopathy UK contributes to staff pensions. The majority of staff are enrolled in a statutory pension scheme, however those staff members hired before 2015 have been able to retain their individual defined contribution schemes with 8% of salary being paid by the employer.
The pension cost charge represents contributions payable by Homeopathy UK to these schemes and amounted to £9,279 within the financial year (2022: £9,809).
There were outstanding pension contributions of £1,036 as at 31 August 2023 (2022: £1,357).
All expenses under the pension scheme are included within unrestricted charitable activities.
The notes form part of these financial statements
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## **Get in touch:**
Email us: Info@homeopathy-uk.org Phone us: 0203 640 5903 Write to us: Homeopathy UK Hamilton House Mabledon Place London WC1H 9BB
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