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2024-08-31-accounts

Annual Report and Financial Statements For the year ended 31 August 2024

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About Homeopathy UK

We are the UK’s leading charity for the promotion of homeopathy, a natural and effective form of complementary medicine. We run regional clinics UK-wide, and our mission is to educate, support practitioners and raise public awareness of homeopathy.

Homeopathy is a natural medicine that supports the body’s ability to heal itself. Established over two centuries ago, it is now the world’s second largest medical treatment recognised by the World Health Organisation (WHO).

We operate affordable clinics across the UK and provide educational resources to the public through our Blog, Remedy Finder and Practitioner Directory.

We also support the advancement of homeopathy through the allocation of grants, to initiatives that promote its accessibility and ensure it reaches individuals and communities most in need.

We depend entirely on the generosity of donors.

Our Trustees

Mr John Morgan – Chair

Ms Roxana Lupu – Deputy Chair (resigned 24 February 2025)

Ms Selina Hatherley

Mr Peter Gregory

Mr Robert Orchard

Dr Gary Smyth

Ms Elizabeth Tucker

Mr Donald Gunn (resigned 7 February 2024)

Ms Sato Liu (resigned 14 March 2024)

Ms Emma Dalton (resigned 14 March 2024)

Chief Executive and Company Secretary: Ms Monica Price (appointed 4 March 2024)

Prior Post Holder: Mrs Cristal Skaling-Klopstock (resigned 1 March 2024)

Registered Office: Hamilton House, Mabledon Place, London WC1H 9BB

Registered Charity Numbers: 235900 (England, Wales and Northern Ireland) SC049515 (Scotland)

Company Number: 00102915 (England and Wales)

Auditors:

Sayer Vincent LLP, 110 Golden Lane, London EC1Y 0TG

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Contents

A message from our Chair 04
Our vision and mission 06
Our achievements this year 07
Accomplishments in relation to our objectives include:
• Ensuring accessibility of homeopathy for everyone 08
• Introducing homeopathy to diverse groups 14
• Partnering with industry stakeholders 18
• Engaging in research and educational initiatives 20
• Fundraising 23
Corporate governance 26
Report of the Trustees 30
Independent auditor’s report and accounts 33
Accounts for 2023-24 37

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A message from our Chair

The last financial year, September 2023 to August 2024, was a pivotal chapter for Homeopathy UK — a period marked by profound challenges, yet one that showcased our resilience and commitment to advancing homeopathy. One of the challenges was initiated by the resignation of our long-standing CEO Cristal Skaling-Klopstock. Cristal was in post for 16 years and in the homeopathic sector for over 20 years so the depth of her experience and knowledge was unique. It was the right time for her to apply her many talents to new horizons. We thank her for her long service and wish her well for the future. She will continue to be involved in homeopathy as co-president of the European Federation of Homeopathic Patients’ Associations (EFHPA) and as a member of the European Committee for Homeopathy (ECH).

Our new CEO, Monica Price, started in March 2024 and brings a wealth of management and media experience. Her appointment was not just a leadership shift but a reimagining of our vision and strategy. Under her guidance, we revisited our mission, re-evaluated our priorities, and implemented decisive steps to secure the charity’s future. This fresh perspective has breathed new life into our organisation, fostering a renewed sense of purpose and unity across our team.

One of the most difficult aspects of 2024 was some financial strain and the necessity for some restructuring, which led to the painful decision to make redundancies. This was not taken lightly, and every effort was made to support those affected. These changes, though challenging, were essential to creating a more sustainable and efficient organisation, enabling us to focus resources on our core mission of promoting homeopathy and supporting those who rely on its benefits. These challenges, while testing our resolve, have also served as a catalyst for change and a call to adapt, innovate, and rebuild.

Homeopathy UK has always received legacies as a major part of its funding, and this continues to be the case. To raise awareness of this a legacy campaign was launched and a publicity leaflet was sent to all supporters to encourage those who have benefited from homeopathy to remember us in their will. We are pleased to report that we have created a new 5-year strategic plan, which includes growing our donor base, increasing grant support, and exploring options to diversify our income streams. Financial growth will empower us to invest in new programmes, extend our services, and better support the homeopathy community at large.

There has been significant progress in three key areas of expanding public awareness of homeopathy, strengthening support for practitioners, and enhancing access for those in need. Our clinics have continued to give homeopathic support to many who can’t afford it,

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and funding was pledged to open a new clinic in London in 2025. We have a total of ten very active clinics, five in England, three in Scotland and two virtual clinics.

In 2023 we received significant funding for what we are calling a Homeopathy at Home course, intended to help families interested in trying homeopathy for the first time and those already using homeopathy in their home. The course will provide comprehensive education for the treatment of common self-limiting conditions and minor first aid issues and should increase the effectiveness of home prescribing. A lot of preliminary work was put into this course during this period and its initial launch was set for October 2024 with the course coming fully onstream in the following months.

During this financial year grants were awarded to an army veterans’ clinic, The Garden Homeopathy Clinic in London and veterinary student education. The Faculty of Homeopathy received a grant for the ongoing education and support for medical doctors and statutorily regulated healthcare practitioners. A grant was given to the Society of Homeopaths (SOH) to create a service offering easily accessible advice to the public.

We are at the forefront of homeopathy due to our engagement and collaboration with other organisations. 4Homeopathy (4H) is a sector-wide body which shares information and collaborates to promote homeopathy in the UK. Homeopathy Awareness week in April 2024 was successful with increased engagement across all of our social media channels. During this period interactions (likes, shares and comments) increased significantly across all platforms. Future initiatives will include a comprehensive marketing campaign, innovative digital resources, and partnerships that will amplify our reach and impact.

Homeopathy UK trustees are also trustees of the Hahnemann House Trust. The Trust owns some of Samuel Hahnemann’s personal possessions and many interesting historic homeopathic artefacts, letters and documents as well as a huge library of antique books. This year continued the work of professionally cataloguing them and consolidating their storage and preservation. The website https://www.hahnemannhouse.org was developed further and is a fascinating window on the history of homeopathy.

As we move forward, 2024 represented not just a year of change and recovery but one of promise and potential. With a renewed sense of purpose and a clear path ahead, Homeopathy UK will continue to bring public accessibility to homeopathy and the positive message of its benefits to the world.

Thank you for your continuing support and being with us on this journey to raise awareness of the potential of homeopathy as a standalone treatment, or part of a wider treatment plan. Together, we will continue to champion homeopathy and make a meaningful difference in the lives of those we serve.

John Morgan

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Our vision is for everyone Our vision is for everyone in the UK to understand the benefit of homeopathy and in the UK to understand the value of homeopathy and be able be able to access high-quality to access high-quality treatment treatment from registered from registered healthcare healthcare professionals. professionals.

Our mission is to Our mission is to raise increase public awareness awareness of homeopathy as of homeopathy as a safe and an effective healthcare option effective healthcare option by educating the public and by providing useful resources promoting registered healthcare and promoting the work of professionals. registered homeopaths.

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. 1. Make homeopathy available to all through the Make homeopathy available to all through the provision of clinics, advice and support.

provision of clinics, advice and support.

2. 2. Promote homeopathy to new audiences throughPromote 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 defend homeopathy in the UK and internationally.homeopathy in the UK and internationally.

4. 4. Support education and research in homeopathy.Grow 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.

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Our achievements this year

Our grants programme has achieved success by funding three significant initiatives. These initiatives provided essential support for veterinary trainees, offered vital assistance to survivors of domestic violence, and addressed the urgent needs of individuals needing care. Each initiative is carefully designed to make a meaningful impact in their respective areas, ensuring that those in need receive the help and resources necessary for their well-being. Through these efforts, we are committed to fostering positive change and supporting vulnerable populations in our community.

We remain dedicated to our support for the Faculty of Homeopathy through our annual grant allocation. This funding initiative aims to increase the number of statutorily registered healthcare professionals who are equipped to provide personalised treatment plans to patients, ensuring that they receive the best possible care tailored to their individual needs.

We extended our financial support to two additional clinics during the year — one serving military veterans and another supporting residents in inner-city London. This reflects our ongoing commitment to improving access to healthcare for underserved and vulnerable communities.

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Make homeopathy available to all

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, affordable care to some of those who would otherwise be unable to access it.

Our clinics are led by qualified and registered homeopaths, and allow patients to schedule up to five appointments. This year, we have seen a notable increase in patient demand, with many clinics fully booked several months in advance.

Top 15 conditions seen in our clinics

----- Start of picture text -----
Anxiety Eczema Fatigue Depression
Mental health conditions Skin conditions Insomnia
Peri/menopause Joint pain Kidney issues
Urinary tract infections Prostate
Top 5 remedies
used in our
clinics:
Gynaecological conditions
• Nat Mur
• Sulphur
Gastro-intestinal issues • Sepia
• Phosphorus
• Calc Carb
Allergies
----- End of picture text -----

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A guide to our clinics

Edinburgh Homeopathy

Julien Baron-Meyet DiHom, MFHom

Dumfries & Galloway Homeopathy

Elaine Hamilton RGN BSc (Hons) Homeopathy, FFHom

Virtual Clinic Scotland Lyssa Clayton RSHom

Scottish Borders Homeopathy

Luci Joan Lawless RSHom

Norwich Homeopathy

Dr Michel Raggoo BMBS, MRCGP, MFHom

Liverpool Homeopathy

Dr Hugh Nielsen BA(Oxon), MA, BM, BCh, MRCP, FFHom

Emma McEvoy BA, DipHomMed, DSH, MARH

Winchester Homeopathy

Dr Tim Foster MB, BS, MFHom

Kent Homeopathy

Wendy Scrase MSc, FFHom (Nurse)

Virtual Clinic

Dr Gabriella Day BSc (Hons), MBBS (Hons), MRCP DCH, MRCGP, MFHom

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What our patients say

“I’m very grateful to the Homeopathy UK charitable foundation promoting homeopathy and accessibility to all. The Winchester Clinic is very fortunate to have a very competent and wonderful consultant, and I very much appreciate Dr. Foster’s treatment.”

“Can’t thank Emma enough for her time and knowledge. She is a great listener, puts you at ease and manages to get invaluable insights from just a conversation with you. I now feel much better in myself, best I’ve felt in years. As she said I am now more balanced in my own body and mind and have the knowledge and tools to remain that way. I am so inspired to take courses myself in homeopathy”

“I have been consulting with Wendy for more than a year now and it has been an extraordinary and a very special experience. She is extremely patient and attentive. My health has improved over this time with considerable alleviation of my symptoms. Wendy has provided me with her expertise in tailored prescriptions, focused on my specific symptoms. The individual care and consideration has been remarkable. I have since recommended Wendy to many of my friends and family. Currently my teenage daughter is also consulting with her. I am extremely grateful for Wendy’s help and attentiveness. It has not only made me feel much better, but it has also allowed me to avoid being medically treated. I’m also equally grateful for Homeopathy UK for making homeopathy so readily available through the network of in-person and virtual clinics.”

“Lyssa not only recommended incredible remedies but also in each session she was able to help me gently to go deeper with lots of remarkable insights and this process felt truly healing on its own. She is an amazing homeopath, with so much wisdom who genuinely cares for her clients and has an incredible ability in finding the right remedy to address the deep core issues, even when things healthwise are very complex - as it was in my situation. I feel truly blessed for this opportunity through Homeopathy UK and particularly to have Lyssa as my therapist and guide in my healing journey and I highly recommend her to anyone! Thank you Lyssa!”

“Straight away, I felt listened to and comfortable to fully share my health concerns. This alone relieved the stress, fear and isolation I had been experiencing for so long. Dr Raggoo was professional but also very sensitive and caring. I would recommend homeopathy to anyone seeking a holistic approach, or when conventional medicine is unable to help. Homeopathy UK’s charitable clinics provide a wonderful opportunity for people from all walks of life to use homeopathy on their healthcare journeys.”

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This Year

Plans for next year

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Grant funded projects

This year, we continued to fund 3 existing clinics.

Garden Homeopathy

Rix Pyke and Dodo Kitching, homeopaths, are dedicated to serving the residents of inner-city South London from their yurt located within a community garden in Peckham. Their commitment to homeopathy remains a vital resource for the local community.

Rix Pyke says “Homeopathy UK was among the limited funding organisations capable of providing the substantial grants necessary for ensuring ongoing care over multiple years. Currently, we operate two clinics each month. The overwhelming majority of our patients would find homeopathy financially inaccessible, so we are deeply appreciative of the support we receive.”

“The community homeopath has helped me immensely to understand and treat my symptoms. I struggled for a while trying to find an affordable, knowledgeable, professional holistic practitioner I trusted and felt seen and heard by. She also respects my autonomy and experiences. The Homeopath has shown incredible compassion, patience and understanding towards me.” Garden Homeopathy clinic patient

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Military Veterans

Gabby Arthur, a former soldier and now a qualified homeopath, is dedicated to assisting military veterans facing challenges in reintegrating into civilian life, particularly those who struggle to find treatment for issues like PTSD.

Homeopathy in the Sussex Community / Safe in Sussex

Homeopathy in the Sussex Community (HISC) collaborates with Safe in Sussex (SIS), a registered charity dedicated to assisting individuals impacted by domestic abuse. With the backing of H-UK, HISC is currently operating two SIS clinics each month. The clinic is led by homeopath Therese Eriksen, who treats approximately six patients monthly, primarily women, along with some children and teenagers. Her patients are each navigating a personal journey of recovery from abusive relationships and trauma.

First Response Homeopathy

We awarded a grant to assist the Society of Homeopaths in launching a new initiative, First Response Homeopathy (FRH). This programme aims to offer relief to patients suffering from conditions that may otherwise remain unaddressed, while also enhancing public understanding of homeopathy.

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Promote homeopathy to new audiences

Website

We are in the process of reconstructing the Conditions Directory to align with The School of Homeopathy’s self-help section.

Our goal is to introduce a ‘Remedy Finder’ feature that will complement the Homeopathy at Home course.

Social media

Social media continues to be an essential platform for raising awareness about homeopathy and advancing our initiatives.

At present, we are sharing engaging and relevant content on Facebook, Instagram and LinkedIn.

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Our year online

33,100 Facebook interactions

(likes or reactions, saves, comments, shares & replies, clicks, visits, follows)

106%

162k

New website users

22,196

Instagram interactions

(likes or reactions, saves, comments, shares & replies, clicks, visits, follows)

139%

2,380

LinkedIn followers 120%

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Our magazine

In our commitment to responsible resource allocation and maximising our impact, we have made the challenging decision to temporarily suspend the printing of our magazine while we explore more costeffective options. Our last publication was Spring 2024.

We understand the importance of the stories, updates and inspiration that our magazine offers, and we are dedicated to returning soon with a product that is equally, if not more exceptional. Throughout this review process we will be investigating new formats, designs and production methods to ensure that we can continue to provide a magazine that you cherish in a sustainable manner for our charity.

During this time, we will keep you updated through our email newsletters, social media platforms, and website. These avenues will help us maintain our connection with you and highlight the positive impact of your generous support.

----- Start of picture text -----
HOMEOPATHY
The
Homeopaths
Issue
Health &
Celebrating
Homeopathy
Awareness
Week
Remedies to
deal with stress
Hay fever
remedy:
Reader
giveaway
SPRING 2024
----- End of picture text -----

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PR/Media

Plans for next year Plans for next year

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Collaborate with sector partners

Our UK partnerships

4Homeopathy (4H)

The purpose of 4H is to achieve a coordinated communication strategy through co-operation, uniting the whole of the homeopathic community in the UK, utilising the strengths and resources of the representative stakeholders to promote and defend homeopathy effectively. We continue to work with sector colleagues under the 4H coalition to promote and defend homeopathy in the UK.

This year, collaboration led 4H to:

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 and personal artefacts belonging to Dr Hahnemann and other key figures from homeopathy’s past. To view free of charge, visit the virtual museum at: www.hahnemannhouse.org.

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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 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.

Plans for next year

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Research and training

Research

After successfully applying to Statisticians for Society (SfS), a pro bono initiative that connects professional statisticians with charitable organisations, we engaged a statistician to perform a thorough analysis of the ORIDL data from all our clinics. H-UK gained valuable insights from a statistical expert to assess the clinic ORIDL (Outcome in Relation to Impact on Daily Living) tool, which captures patients’ views on their care outcomes.

The project has been completed, resulting in a report that summarises the collected data, along with a new data sheet and a dashboard designed to support future data analysis. The new data sheet has been implemented, along with a guide and training for practitioners.

We are pleased to announce that we have implemented a highly efficient patient booking system named ‘Acuity’ across all our clinics. Onboarding meetings were conducted from January to March 2023 to train each practitioner on how to use the platform.

The system has significantly improved services for patients and practitioners. It has many benefits, including quicker and more

dependable appointment bookings, better tools for practitioners to access their schedules, automated video links for virtual clinics, and a single location for patients to fill out mandatory pre-appointment questionnaires.

To support practitioners, a new practitioner’s operation manual was issued.

Plans for next year

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Grant funding

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Plans for next year Plans for next year

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Fundraising

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£
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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.

Over the year, we were fortunate to have benefitted from a number of generous legacies, grants and donations from the public.

Legacies & Donations 2024 £959,410 vs 2023 £461,503

Legacies once again represented a percentage of our income 9.8% vs 57.4% in 2023. We also received £26,801 in individual donations and £35,000 in 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 for their on-going support.

Plans for next year

This Year

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Financial review

£1,012,568 Total income Supporter donations Investment income £26,801 £25,207 Donations & Gifts Charitable activities £832,666 £27,951 Advertising Legacies Nil £99,943

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Chart of expenditure

----- Start of picture text -----
Research Training healthcare
£6,423 professionals
£29,528
1%
5%
Public access Cost of generating
£232,874 funds
£135,855
24%
40%
30%
Information
provision
£173,514
£578,194
Total expenditure
----- End of picture text -----

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Corporate governance

The Trustees, acting as the Board for the charity, meet four times a year to:

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 three staff members all parttime. Homeopathy UK is committed to equal opportunities. Terms and conditions of employment are outlined in the staff documentation available through the Bright HR system.

Committees

There are no active committee.

Management Team

The Homeopathy UK management team is led by the CEO and comprises:

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 high calibre candidates to apply for the posts. Once employed, staff member

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 smoothly.

The target reserves for 2023-24 year were £250,000 to £280,000. At 2023-24 year end the unrestricted free reserves were £60,442 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

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reserves remain aligned with the current policy.

In the next financial year, legacies have been received which replenished the unrestricted free reserves bringing them in line with the target.

Although there are several large legacies still due there is always uncertainty as to when they will arrive. Before the recent legacies were received there had been a long period when legacies have not been forthcoming.

To make sure the charity still functions as a going concern, with sufficient unrestricted funds, there are several forthcoming fundraising initiatives.

We plan to raise funds from corporate sponsorship and other organisations. There have been some recent increases in the clinic fees and local corporate support will be sought for the clinics.

A Homeopathy at Home course has recently been launched which has a cost of £90 to the candidate and will bring in revenue.

A Homeopathic Helpline App is being developed which will be open to receiving advertising revenue.

We have regular yearly pledged donations from The Blackie Trust, SHRET (Scottish Homeopathic Research and Education Trust), FRLHIM (Friends of the Royal London Hospital for Integrated Medicine) and the North West Friends of Homeopathy.

Hahnemann House Trust has reserves and its objectives are in line with those of HUK.

In the event of severe pressure on unrestricted funds HHT funds could be loaned to HUK or applied to projects within its charitable objects.

With all these factors in mind we consider that HUK is a viable going concern.

Designated funds of £40,093 are held to ensure the charity has sufficient funding for on-going grant commitments and clinic operations should it face an unanticipated, emergency wind down. Restricted funding is used against

expenditure that meets the purposes of the funds.

Fundraising costs

Due to recent financial constraints, the charity has not engaged any professional fundraisers or third-party fundraising organisations during the past year. There has been no significant expenditure for fund-raising and all the recent funding has come from long term supporters of homeopathy. Our past experience of fundraising is that our sector is a difficult one to raise funds for especially from larger funder organisations.

Expenditure for new fundraising initiatives will be assessed by Board and initiated by the CEO. The charity has not received any complaints. The charity has a safeguarding policy to protect vulnerable people.

Grant-making policy

In 2015-16, 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 £42,780 was spent on grants and a further £25,000 was allocated to Trustee approved projects which are ongoing or will start in 2024-25.

The Faculty of Homeopathy

The Faculty of Homeopathy is the only professional body in the UK representing statutorily registered healthcare practitioners who are qualified in homeopathy – doctors, nurses, midwives, pharmacists, podiatrists and vets.

The Faculty which is increasing its membership numbers ensures the highest standards of homeopathic training, education and practice. It is also the leading authority on

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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.

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. The significant risks identified are shown on Page 29.

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

John Morgan

Chair

Date: 23rd May 2025

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Identified Significant Risks

----- Start of picture text -----
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 for 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.
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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 2024. 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:

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The trustees are responsible for keeping adequate 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:

Appointing Trustees

The method of appointing Trustees is set out in the governing documents. Trustees are also members of Homeopathy UK’s Board and are simultaneously guarantor members of the company.

Before appointing new Trustees, a review of the existing Board’s skills mix is undertaken, and steps are taken to recruit individuals with the expertise needed to fill any identified gaps.

New Trustees are invited to an induction meeting, where they receive a comprehensive overview of the charity, its work, and governance. Trustees regularly assess their training needs to ensure they can fulfil their responsibilities effectively.

No Trustee has any financial interest in Homeopathy UK or receives any remuneration, aside from reimbursement for out-of-pocket expenses.

Financial results for year ending 31 August 2024

Net movement in funds was net income of £481,477 (2023: net expenditure of £83,481).

The total reserves of Homeopathy UK stand at £994,410 (2023 £512,933).

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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 2023-24 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:

Pages 6-22 outlines the charity’s achievement against plans in more detail.

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Independent auditor’s report to the members of Homeopathy UK

Opinion

We have audited the financial statements of Homeopathy UK (the ‘charitable company’) for the year ended 31 August 2024 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).

In our opinion the financial statements:

Basis for opinion

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.

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.

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.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

33

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:

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:

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.

34

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:

35

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: 24 July 2025

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

36

HOMEOPATHY UK

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 AUGUST 2024

Notes
INCOME AND ENDOWMENTS FROM
Voluntary income
3
Income from charitable activities
5
Increasing public access
Other - Misc.
Activities for generating funds
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Increasing public access
Provision of information
Research and development
Training of healthcare professionals
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
195,732
24,841
3,110
25,207
248,890
135,332
190,984
144,183
6,423
29,528
506,450
35,316
(222,244)
42,684
(179,560)
284,940
105,380		 Restricted
funds
£
763,678
-
-
-
763,678
523
41,890
29,331
-
-
71,744
11,787
703,721
(42,684)
661,037
227,993
889,030		 2024
Total
funds
£
959,410
24,841
3,110
25,207
1,012,568
135,855
232,874
173,514
6,423
29,528
578,194
47,103
481,477
-
481,477
512,933
994,410		 2023
Total
funds
£
461,503
11,636
1,806
14,389
489,334
97,302
213,677
220,635
2,838
25,439
559,891
(12,924)
(83,481)
-
(83,481)
596,414
512,933

The notes form part of these financial statements

37

HOMEOPATHY UK

BALANCE SHEET 31 AUGUST 2024

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
£
4,845
53,386
58,231
38,347
48,699
87,046
(39,897)
47,149
105,380
105,380		 Restricted
funds
£
-
871,272
871,272
-
19,033
19,033
(1,275)
17,758
889,030
889,030		 2024
Total
funds
£
4,845
924,658
929,503
38,347
67,732
106,079
(41,172)
64,907
994,410
994,410
65,287
40,093
105,380
889,030
994,410		 2023
Total
funds
£
5,333
512,658
517,991
38,144
40,246
78,390
(83,448)
(5,058)
512,933
512,933
211,909
73,031
284,940
227,993
512,933

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 23rd May 2025

............................................. Trustee

The notes form part of these financial statements

38

HOMEOPATHY UK

CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash (used in)/provided by 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		 2024
£
394,309
394,309
(1,926)
(1,394,423)
1,029,526
(366,823)
27,486
40,246
67,732		 2023
£
(113,666)
(113,666)
(1,979)
(30,170)
141,572
109,423
(4,243)
44,489
40,246

39

The notes form part of these financial statements

HOMEOPATHY UK

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 AUGUST 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Loss on disposal of fixed assets
Increase in debtors
Decrease in creditors
Net cash provided by/(used in) operations		 2024
£
481,477
2,191
(47,103)
223
(201)
(42,278)
394,309		 2023
£
(83,481)
1,976
12,924
-
(10,633)
(34,452)
(113,666)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23
Cash flow
At
£
£
Net cash
Cash at bank and in hand
40,246
27,486
40,246
27,486
Total
40,246
27,486		 31.8.24
£
67,732
67,732
67,732

The notes form part of these financial statements

40

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 AUGUST 2024

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 principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Going concern

In the next financial year, legacies have been received which replenished the unrestricted free reserves bringing them in line with the desired level. Although there are several large legacies still due to come in, there is always uncertainty as to when they will arrive. Before the recent legacies were received there had been a long period when legacies have not been forthcoming.

To make sure the charity still functions as a going concern, with sufficient unrestricted funds, there are several forthcoming fundraising initiatives. We plan to raise funds from corporate sponsorship and other organisations. There have also been some recent increases in the clinic fees and local corporate support will be sought for the clinics. Additionally, a Homeopathy at Home course has recently been launched which is expected to bring in a new income stream to the charity.

A Homeopathic Helpline App is being developed which will be open to receiving advertising revenue. We have regular yearly pledged donations from The Blackie Trust, SHRET (Scottish Homeopathic Research and Education Trust), FRLHIM (Friends of the Royal London Hospital for Integrated Medicine) and the North West Friends of Homeopathy. Additionally, the Hahnemann House Trust has reserves and its objectives are in line with those of HUK. Should it require, the Hahnemann House Trust is in a position to provide some financial support. This considered a last resort.

Considering all of the above, the Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

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.

continued...

a) Direct costs have been directly allocated against the activity to which they relate.

41

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Resources expended

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:

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.

continued...

42

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Pensions

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.

3. VOLUNTARY INCOME

Donations and gifts
Supporters donations
Gift aid
Legacies
4.
ACTIVITIES FOR GENERATING FUNDS
Investment income
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Clinics
Increasing public access
Other income
Other - Misc.		 2024
£
799,679
54,032
5,756
99,943
959,410
2024
£
25,207
2024
£
24,841
3,110
27,951		 2023
£
145,915
27,223
7,258
281,107
461,503
2023
£
14,389
2023
£
11,636
1,806
13,442

continued...

43

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

6. RAISING FUNDS

Cost of Generating Funds
Fundraising and publicity
Investment management fees		 Direct
Costs
49,001
2,468
51,469		 Staff
Costs
68,484
-
68,484		 Support
Costs
15,902
-
15,902		 2024
£
Total
133,387
2,468
135,855		 2023
£
Total
94,461
2,841
97,302

continued...

44

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

7. ANALYSIS OF TOTAL RESOURCES EXPENDED

----- Start of picture text -----
2024 2023
£ £
Direct Staff Support
Costs Grants Costs Costs Total Total
Cost of Generating Funds
-
Fundraising and publicity 48,776 68,709 15,902 133,387 94,224
- - -
Investment management fees 2,468 2,468 2,841
-
51,244 68,709 15,902 135,855 97,302
Charitable Activities
Increasing public access 76,420 16,980 112,641 26,833 232,874 213,677
Provision of information 2,619 - 130,424 40,471 173,514 220,635
Research and development - - 5,763 660 6,423 2,838
-
Training of healthcare professionals 25,000 2,926 1,602 29,528 25,439
79,039 41,980 251,754 69,566 442,339 462,589
130,283 41,980 320,462 85,468 578,194 559,891
----- End of picture text -----

Breakdown of Support Costs

Breakdown of Support Costs
2024 2023
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		 £
4,153
2,191
698
21,503
2,539
4,777
16,843
4,531
3,028
1,452
17,707
1,783
2,959
360
944
85,468		 £
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
Breakdown of Governance Costs
2024 2023
Audit Fees
Accountancy Fees
Meeting Expenses
General Expenses CEO		 £
9,600
4,464
5,647
1,792
21,503		 £
10,620
4,100
10,137
1,122
25,620

continued...

45

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

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
Society of Homeopaths
Increasing public access		 2024
£
16,980
25,000
41,980
2024
£
25,000
-
16,980
41,980		 2023
£
26,675
21,500
48,175
2023
£
17,900
6,000
24,275
48,175

9. NET INCOME/(EXPENDITURE)

Net expenditure is stated after charging/(crediting):

----- Start of picture text -----
2024 2023
£ £
Depreciation - owned assets 2,191 1,976
Finance costs 849 885
Governance costs - Auditor's remuneration 9,600 10,620
----- End of picture text -----

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

Reimbursed expenses to 5 trustees totalled £2,866 (2023: £1,815). All expenses were the reimbursement of travel and meeting related costs.

11. STAFF COSTS

STAFF COSTS
2024 2023
Wages and salaries
Social security costs
Other pension costs		 £
285,729
24,871
9,861
320,462		 £
247,023
21,623
12,343
280,989

Included in the wages and salaries total above are termination payments totalling £15,629 (2023: nil). All termination payments were made during the financial year.

The average monthly number of employees during the year was as follows:

2024 2023 6 6

Direct charitable activities

continued...

46

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

11. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

12.

2024 2023
£80,001 - £90,000 - 1
The total employee benefits of the key management personnel of the Trust were £81,405 (2023: £90,689).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
£
Voluntary income 316,589 144,914 461,503
Income from charitable activities
Increasing public access 6,367 5,269 11,636
Other - Misc. 1,806 - 1,806
Activities for generating funds 14,389 - 14,389
Total 339,151 150,183 489,334
EXPENDITURE ON
Raising funds 96,402 900 97,302
Charitable activities
Increasing public access 131,500 82,177 213,677
Provision of information 202,068 18,567 220,635
Research and development 2,838 - 2,838
Training of healthcare professionals 20,039 5,400 25,439
Total 452,847 107,044 559,891
Net gains/(losses) on investments (8,401) (4,523) (12,924)
NET INCOME/(EXPENDITURE) (122,097) 38,616 (83,481)
RECONCILIATION OF FUNDS
Total funds brought forward 407,037 189,377 596,414
TOTAL FUNDS CARRIED FORWARD 284,940 227,993 512,933

continued...

47

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

13. TANGIBLE FIXED ASSETS

----- Start of picture text -----
||||| |---|---|---|---| |Fixtures| |and|Computer| |fittings|equipment|Totals| |£|£|£| |COST| |At 1 September 2023|3,903|29,386|33,289| |Additions|-|1,926|1,926| |-| |Disposals|(7,230)|(7,230)| |At 31 August 2024|3,903|24,082|27,985| |DEPRECIATION| |At 1 September 2023|3,376|24,580|27,956| |Charge for year|174|2,017|2,191| |-| |Eliminated on disposal|(7,007)|(7,007)| |At 31 August 2024|3,550|19,590|23,140| |NET BOOK VALUE| |At 31 August 2024|353|4,492|4,845| |At 31 August 2023|527|4,806|5,333|

----- End of picture text -----

14. FIXED ASSET INVESTMENTS

----- Start of picture text -----
||| |---|---| |Listed| |investments| |£| |MARKET VALUE| |At 1 September 2023|512,658| |Additions|1,394,423| |Disposals|(1,029,526)| |Revaluations|47,103| |At 31 August 2024|924,658| |NET BOOK VALUE| |At 31 August 2024|924,658| |At 31 August 2023|512,658|

----- End of picture text -----

There were no investment assets outside the UK.

Cost or valuation at 31 August 2024 is represented by:

----- Start of picture text -----
||| |---|---| |Listed| |investments| |£| |Valuation in 2024|924,658|

----- End of picture text -----

If fixed asset investments had not been revalued they would have been included at the following historical cost:

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Cost|864,466|516,708|

----- End of picture text -----

continued...

48

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income		 2024
£
32,151
6,196
38,347		 2023
£
27,750
10,394
38,144

Included within other debtors above is £22,415 (2023: £21,447) which is due from a connected charity and related party, Hahnemann House Trust.

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Grants payable
Other creditors
Accruals and deferred income
Related party creditors
Grants commitments accrued		 2024
£
1,058
11,190
12,743
16,181
-
41,172		 2023
£
9,465
22,100
29,989
19,583
2,311
83,448
Grant committed and accrued at the start of the year
Grants approved within the current year
Grants paid during the year
Grants withdrawn in the year
Grants payable at the end of the year
Reconciles to:
Grants accrued
Grant commitments (not accrued)		 £
2024
62,480
39,690
102,170
(41,980)
(24,000)
36,190
11,190
25,000
36,190		 £
2023
68,480
83,902
152,382
(89,902)
-
62,480
22,100
40,380
62,480

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 2024 was £25,000 due within one year (2023: £11,190 due within one year and £29,190 due in 1-2 years).

continued...

49

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated
Restricted funds
Mervyn Madge Fund
Samuel Goodenough Trust
Phillips Memorial
P Fisher
The Homeopathic Helpline
Homeopathy for the Home
Homeopathy for Parkinsons
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Samuel Goodenough Trust
Phillips Memorial
The Homeopathic Helpline
Scottish Homeopathic Resarch and
Education Trust
Homeopathy for the Home
Homeopathy for Parkinsons
TOTAL FUNDS		 At 1.9.23
£
178,090
106,850
284,940
10,408
62,812
72,490
210
-
82,073
-
227,993
512,933
e as follows:
Incoming
resources
£
248,890
1
(1)
500,000
13,679
(1)
250,000
763,678
1,012,568		 Net
movement
in funds
£
(222,244)
-
(222,244)
-
15,054
(29,806)
-
500,000
(31,527)
250,000
703,721
481,477
Resources
expended
£
(506,450)
(375)
(26,164)
-
(13,679)
(31,526)
-
(71,744)
(578,194)		 2024
£
-
Transfers
between
funds
£
109,441
(66,757)
42,684
-
-
(42,684)
-
-
-
-
(42,684)
-
Gains and
losses
£
35,316
15,428
(3,641)
-
-
-
-
11,787
47,103		 2023
£
4,435
At
31.8.24
£
65,287
40,093
105,380
10,408
77,866
-
210
500,000
50,546
250,000
889,030
994,410
Movement
in funds
£
(222,244)
15,054
(29,806)
500,000
-
(31,527)
250,000
703,721
481,477

18. MOVEMENT IN FUNDS

continued...

50

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.9.22
in funds
£
£
Unrestricted funds
General fund
263,456
(122,097)
Designated
143,581
-
407,037
(122,097)
Restricted funds
Mervyn Madge Fund
10,408
-
Samuel Goodenough Trust
66,777
(3,965)
Phillips Memorial
111,982
(39,492)
P Fisher
210
-
Homeopathy for the Home
-
82,073
189,377
38,616
TOTAL FUNDS
596,414
(83,481)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
339,151
(452,847)
Restricted funds
Samuel Goodenough Trust
(1)
(5,811)
Phillips Memorial
(1)
(33,121)
Scottish Homeopathic Resarch and
Education Trust
15,184
(15,184)
Blackie Foundation Trust
35,000
(35,000)
Homeopathy for the Home
100,001
(17,928)
150,183
(107,044)
TOTAL FUNDS
489,334
(559,891)		 Transfers
between
At
funds
31.8.23
£
£
70,550
211,909
(70,550)
73,031
-
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)

continued...

51

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated
Restricted funds
Mervyn Madge Fund
Samuel Goodenough Trust
Phillips Memorial
P Fisher
The Homeopathic Helpline
Homeopathy for the Home
Homeopathy for Parkinsons
TOTAL FUNDS		 At 1.9.22
£
263,456
143,581
407,037
10,408
66,777
111,982
210
-
-
-
189,377
596,414		 Net
movement
in funds
£
(344,341)
-
(344,341)
-
11,089
(69,298)
-
500,000
50,546
250,000
742,337
397,996		 Transfers
between
funds
£
179,991
(137,307)
42,684
-
-
(42,684)
-
-
-
-
(42,684)
-		 At
31.8.24
£
99,106
6,274
105,380
10,408
77,866
-
210
500,000
50,546
250,000
889,030
994,410

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Samuel Goodenough Trust
Phillips Memorial
The Homeopathic Helpline
Scottish Homeopathic Resarch and
Education Trust
Blackie Foundation Trust
Homeopathy for the Home
Homeopathy for Parkinsons
TOTAL FUNDS		 Incoming
resources
£
588,041
-
(2)
500,000
28,863
35,000
100,000
250,000
913,861
1,501,902		 Resources
expended
£
(959,297)
(6,186)
(59,285)
-
(28,863)
(35,000)
(49,454)
-
(178,788)
(1,138,085)		 Gains and
losses
£
26,915
17,275
(10,011)
-
-
-
-
-
7,264
34,179		 Movement
in funds
£
(344,341)
11,089
(69,298)
500,000
-
-
50,546
250,000
742,337
397,996

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:

Philips Memorial: The fund is for use in Kent and for the promotion and advancement of homeopathy. Homeopathy UK are the sole Trustee of the Philips Memorial Fund.

continued...

52

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

18. MOVEMENT IN FUNDS - continued

Samuel Goodenough Trust: 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.

The Homeopathic Helpline

The Homeopathy UK Helpline App will be developed to enhance user engagement and accessibility, providing a seamless platform for individuals seeking homeopathy-related resources and support. The app will feature a secure donation system allowing one-time and recurring contributions, integrated social media feeds to keep users informed, and a streamlined appointment booking system with calendar sync and automated reminders. Users will receive personalized push notifications for campaign updates and emergency announcements, while a live chat helpline and FAQ section will offer real-time assistance. Additionally, a geolocated clinic finder will enable users to locate nearby homeopathy clinics based on services, ratings, and distance, ensuring a comprehensive and user-friendly experience.

Homeopathy for Parkinsons

The Homeopathy and Neurodegenerative Disorders Clinic explores the empirical use of homeopathy in managing conditions such as dementia and Parkinson's disease, drawing from extensive prescribing guidelines found in standard homeopathic repertories. With hundreds of homeopathic medicines applicable across various prescribing methodologies, this approach integrates insights from homeopathy, Chinese medicine, and Anthroposophical medicine, as presented in a Faculty of Homeopathy postgraduate event on dementia management in October 2022. While no published research trials exist specifically for Parkinson's disease and other neurodegenerative disorders, consultations within this framework provide tailored prescriptions, including homeopathic, herbal, and nutritional medicines, as well as access to complementary treatments such as craniosacral therapy, acupuncture, and osteopathy. Additionally, clinic correspondence ensures clear communication between patients, general practitioners, and referring doctors, supported by necessary secretarial resources.

DESIGNATED FUNDS

These funds are designated for ongoing grant commitments and funding to cover at least 6 months of our charitable clinic operations 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.

Philips Memorial: During the year the Trustees made the decision to release the remainder of this restricted reserve to unrestricted reserves. The transfer is to reflect clinic related costs incurred in previous financial years which were spent in accordance with the restrictions of this fund.

continued...

53

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

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:

----- Start of picture text -----
£
Year ended 31 August 2021 60,000
Year ended 31 August 2022 55,000
Year ended 31 August 2023 50,000
165,000
----- End of picture text -----

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 due to the Faculty of Homeopathy within the year ended 31 August 2024.

Grants Paid

During the year, the following amounts were paid to the Faculty of Homeopathy.

----- Start of picture text -----
2024 2023
£ £
Grant paid during the financial year 25,000 55,400
25,000 55,400
----- End of picture text -----

25,000 55,400
Grant Liability
At the financial year end, the following amounts were outstanding to the Faculty of Homeopathy in
grant accrued, as detailed above.		 respect of the
2023
£
12,500
12,500
2024
Due within one year £
-
-

(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 £nil (2023: £2,311) and are included within related party creditors.

(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.

54

HOMEOPATHY UK

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 AUGUST 2024

19. RELATED PARTIES - continued

Homeopathy UK also cross charged certain office and staff shared costs totalling £37,189 (2023: £37,189) within the financial year.

At the year end, the Hahnemann House Trust owed £22,415 (2023: 21,447) to Homeopathy UK. This balance is included within other debtors.

(iv) Donations from Trustees

During the year, donations were made from three Trustees totalling £10,055 (2023: nil).

20. 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 £7,380 within the financial year (2023: £9,279).

There were outstanding pension contributions of £NIL as at 31 August 2024 (2023: £1,094).

All expenses under the pension scheme are included within unrestricted charitable activities.

55

Find us online:

www.homeopathy-uk.org Homeopathyuk Homeopathy.UK HomeopathyUK

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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