The Hahnemann House Trust
Trustee's Report and Financial Statements
Year Ended 31 August 2023
Registered Charity Number: 252702
THE HAHNEMANN HOUSE TRUST
Annual report and financial statements for the year ended 31 August 2023
Contents
Page:
| Page: | |
|---|---|
| 1 4 5 6 7 |
Report of the trustee Report of the independent examiner Receipts and payments account Statement of assets and liabilities Notes forming part of the financial statements |
| Trustee Stockbrokers Independent Examiner |
Homeopathy UK Trustees of Homeopathy UK are as follow: Mr John Morgan - Chair Mrs Margaret Wyllie (resigned - 3rd May 2023) Ms Emma Dalton (appointed - 5th October 2023) Mrs Patricia Donnachie (resigned 6th March 2023) Mr Donald Gunn (resigned 7 February 2024) Mr Richard O'Quinn Mr Robert Orchard Dr Gary Smyth Ms Elizabeth Tucker Ms Selina Hatherley (appointed 6th October 2022) Mr Peter Gregory (appointed 24th January 2023) Ms Joanna Jensen (resigned 12 December 2022) Ms Bodi Sato Liu (resigned 14 March 2024) Ms Roxana Lupu (appointed 5th October 2023) Investec Wealth & Investment Limited 30 Gresham Street, London EC2V 7QN Noelia Serrano c/o Sayer Vincent LLP 110 Golden Lane London EC1Y 0TG |
THE HAHNEMANN HOUSE TRUST
Report of the trustee for the year ended 31 August 2023
The trustee presents its report together with the financial statements for the year ended 31 August 2023.
Trustee and legal status
The trust is a registered charity. The governing instrument is a Deed of Trust made on 9 December 1920, and this was revised by The Charity Commissioners for England and Wales with effect from 12 July 1999, and again on 16 April 2016.
The trustee of the Hahnemann House Trust is 'Homeopathy UK' , a registered charity (charity no. 235900) and also a company limited by guarantee (company no. 102915).
The names of those trustees who served during the year are listed on the contents page.
The method of appointment of trustees is contained in the governing documents. Trustees are also members of Homeopathy UK Council and simultaneously guarantee members of the company.
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 Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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( a) there is no relevant audit information of which the charity’s examiner is unaware; and
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( b) 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 auditor is aware of that information.
No trustee has received any remuneration, aside from out-of-pocket expenses.
Objects
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( a) As a public museum for the housing and exhibition of relics formerly belonging to Dr. Samuel Hahnemann or any of his disciples;
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( b) As a public library for the housing and reading of the publications of Dr. Samuel Hahnemann and his immediate disciples;
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( c) As a place for the supply and propagation of information to the public of places where reliable homeopathic medicines may be obtained;
In addition, the following Scheme was approved and established on 31 October 1967:
The object of the above-mentioned charity shall be the advancement of the teaching and practice of homeopathy and research in matters relating to homeopathy.
Page 1
THE HAHNEMANN HOUSE TRUST
Report of the trustees for the year ended 31 August 2023 (Continued)
Activities during the year
The items of furniture belonging to Dr Samuel Hahnemann, which were loaned to the town of Koethen in Germany where Hahnemann lived for 16 years, continue to be displayed at Hahnemann House and the Castle Museum.
A committee was established to review all aspects of the collection and current arrangements and to examine the best ways to maximise public viewing of artefacts. A first job was to have all artefacts catalogued and photographed. This work was carried out over 2017-18.
It was agreed to establish a virtual museum online to ensure the largest number of people could view and appreciate the artefacts no matter where they lived. The website www.hahnemannouse.org was launched in October 2019. The website reflects a new visual identity for the charity.
Over the past year, the charity has worked to review all the documentation it holds. All letters from Hahnemann, Sir John Weir, and other greats from homeopathy's history were carefully reviewed, stored and catalogued.
The charity has undertaken work to integrate Sue Young's History, an amazing online resource of homeopathy's history into the Hahnemann House Trust website to create an even richer historical experience for users. The new website which includes all the histories launched in 2022-23.
The Trust over the period provided grants to help ensure the future of homeopathy. Funds were given to enable education of health care professionals in homeopathy.
In reviewing and agreeing all planned activities the trustees have been aware of the public benefit requirement and given due consideration to the Charity Commission published guidance on the operation of the Public Benefit Requirement.
Future Developments
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The books and periodicals in the collection will be reviewed and organised.
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The integration of online historical information from Sue Young's Histories will be completed.
The Trust will be furthering discussions with organisations interested in long term loans and short-term display of artefacts.
- Identify opportunities for events where the travelling display can be exhibited.
Page 2
THE HAHNEMANN HOUSE TRUST
Report of the trustees for the year ended 31 August 2023 (Continued)
Results
In accordance with the Charities Act 2011 as applicable to small unincorporated charities the financial statements comprise a receipts and payments account as set out on page 5 and a statement of assets and liabilities as set out on page 6.
Corporate governance
The staff management team of the trust meet regularly to discuss and implement strategic issues as directed by the trustees and to monitor and control the performance of the trust on the authority delegated by Homeopathy UK.
Reserves policy
Reserves are established and reviewed to ensure that the trust retains a level of funds to meet its forward obligations and to ensure it can reasonably maintain a level of service in line with its objectives.
Investment policy
The charities funds are invested in a pooled fund on our behalf by Investec Wealth & Investment Ltd.
Risk management
During the year, the trustees re-examined the major strategic, business and operational risks, which the trust faces and confirm that systems are in place to mitigate the Hahnemann House Trust's exposure to the full range of risks identified.
Independent Examination
The Trustee in accordance with the Charities Act 2011 has elected to appoint Noelia Serrano of Sayer Vincent LLP to conduct an Independent Examination of the financial statements in respect for the year ended 31[st] August 2023.
On behalf of the Trustee
John Morgan
Chair
Page 3
THE HAHNEMANN HOUSE TRUST
Report of the independent examiners
Independent Examiner’s Report to the trustees of Hahnemann House Trust
I report to the trustees on my examination of the accounts of the above charity (Hahnemann House Trust) for the year ended 31 August 2023
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Noelia Serrano
c/o Sayer Vincent LLP 110 Golden Lane London EC1Y 0TL
Date:
Page 4
THE HAHNEMANN HOUSE TRUST
Receipts and Payments Account for the year ended 31 August 2023
| Receipts Investment dividends/interest Bank interest received National Heritage grant Asset and investment sales Investment Sales Total receipts Payments Investment management fees Accountancy Bank charges Postage and packaging Payments to related party Grant paid to Homeopathy UK Asset and investment purchases Investment Purchases Total payments Net of receipts/(payments) Cash funds as at 31/08/2022 Cash funds as at 31/08/2023 |
Unrestricted funds |
Total funds 2023 |
Total funds 2022 |
|---|---|---|---|
| £9,771 £12 £9,400 |
£9,771 £12 £9,400 |
£8,141 £0 £0 |
|
| £19,183 | £19,183 | £8,141 | |
| £70,449 | £70,449 | £56,117 | |
| £89,632 | £89,632 | £64,258 | |
| £1,730 £1,555 £60 £277 £10,000 £0 |
£1,730 £1,555 £60 £277 £10,000 £0 |
£1,974 £1,140 £94 £0 £15,000 £12,500 |
|
| £13,624 | £13,624 | £30,708 | |
| £67,603 | £67,603 | £34,835 | |
| £81,227 | £81,227 | £65,543 | |
| 8,405 | 8,405 | (1,285) | |
| £11,946 | £11,946 | £13,231 | |
| £20,351 | £20,351 | £11,946 |
The notes on pages 7 & 8 form part of these financial statements.
Page 5
THE HAHNEMANN HOUSE TRUST
Statement of Assets and Liabilities at 31 August 2023
Cash funds
Short term deposits Investment deposits - cash Other monetary assets Other debtor
Investment assets
Investments
Liabilities Related party
Signed by one or two trustees on behalf of all the trustees
Signature
Signature
| Restricted | ||||
|---|---|---|---|---|
| Unrestricted Funds | Funds | Endowment Funds | ||
| £18,862 | - | - | ||
| £1,489 | ||||
| £20,352 | - | - | ||
| Restricted | ||||
| Unrestricted Funds | Funds | Endowment Funds | ||
| £1,612 | - | - | ||
| £1,612 | - | - | ||
| Fund to which asset | Cost | Current value | ||
| belongs | (optional) | (optional) | ||
| Unrestricted | £280,132 | £281,434 | ||
| £280,132 | £281,434 | |||
| Restricted | ||||
| Unrestricted Funds | Funds | Endowment Funds | ||
| £21,447 | - | - | ||
| £21,447 | - | - | ||
| Print Name | Date of Approval | |||
| John Morgan | 23/4/2024 | |||
| Print Name | Date of Approval |
The notes on pages 7 & 8 form part of these financial statements.
Page 6
THE HAHNEMANN HOUSE TRUST
Notes forming part of the financial statements for the year ended 31 August 2023
1 Management and administration expenses
The Hahnemann House Trust has paid no remuneration or expenses to the trustees during the year.
| 2 Tangible fixed assets Cost At 1 September 2022 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 3 Fixed assets investments Market value At 1 September 2022 Investments Sales Investments Purchases Unrealised (losses) at 31 August 2023 At 31 August 2023 Historical cost Investments quoted on the London Stock Exchange Total |
Fixtures and Fittings |
Total |
|---|---|---|
| £2,715 £2,715 - |
£2,715 £2,715 - |
|
| - | - | |
| - | - | |
| - | - | |
| 2023 | 2022 | |
| £305,267 (£70,449) £67,603 (£20,987) |
£359,045 (£56,117) £34,835 (£32,496) |
|
| £281,434 | £305,267 | |
| 2023 | 2022 | |
| £280,132 | £294,536 | |
| £280,132 | £294,536 |
Page 7
Notes forming part of the financial statements for the year ended 31 August 2022 (Continued)
4 Related Parties
Homeopathy UK is a corporate connected charity with The Hahnemann House Trust and its Trustee. At the year end Hahnemann House Trust owes to Homeopathy UK £21,447 (2022: HHT was owed £5,743).
The receipts and payments on page 5 show the cash movements between the connecting charities. A total of £37,189 (2022: £29,172) of expenses were incurred by Hahnemann House and paid for by Homeopathy UK and therefore reflected the inter-charity balance.
| Storage charges Website development Staff costs General travels Legal and professional costs Postage, Freight & Courier |
2023 2022 10,160 10,558 5,778 8,885 1,503 590 770 13 18,471 8,607 507 519 |
|---|---|
| 37,189 29,172 |
Page 8