IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.1.22 31.12.22 31.12.22 FY Dr J Smail E W Campbell-Johnston Ms R F Campbell-Johnston D A Cantlay A H Chignell P Gee M T Nemko A Campbell-Johnston Mrs A E Holden Mrs G R M Brooks FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure001855772021-12-31001855772022-12-31001855772022-01-012022-12-31001855772020-12-31001855772021-01-012021-12-31001855772021-12-3100185577ns22:CharitableCompanyLimitedByGuarantee2022-01-012022-12-3100185577ns15:PoundSterling2022-01-012022-12-3100185577ns22:Trustee32022-01-012022-12-3100185577ns22:Trustee42022-01-012022-12-3100185577ns22:Trustee52022-01-012022-12-3100185577ns22:Trustee22022-01-012022-12-3100185577ns22:Trustee62022-01-012022-12-3100185577ns22:Trustee72022-01-012022-12-3100185577ns22:Trustee12022-01-012022-12-3100185577ns22:Trustee82022-01-012022-12-3100185577ns22:Trustee92022-01-012022-12-3100185577ns22:Trustee102022-01-012022-12-3100185577ns11:FRS1022022-01-012022-12-3100185577ns11:IndependentExaminationCharity2022-01-012022-12-3100185577ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-01-012022-12-3100185577ns11:FullAccounts2022-01-012022-12-3100185577ns11:CharitiesSORP2022-01-012022-12-3100185577ns16:EnglandWales2022-01-012022-12-3100185577ns11:RegisteredOffice2022-01-012022-12-3100185577ns11:CompanySecretary12022-01-012022-12-3100185577ns22:Activity82022-01-012022-12-3100185577ns22:Activity82021-01-012021-12-3100185577ns6:WithinOneYear2022-12-3100185577ns6:WithinOneYear2021-12-3100185577ns22:TotalUnrestrictedFunds2022-12-310018557722022-01-012022-12-310018557732022-01-012022-12-3100185577ns6:CostValuationns6:ListedExchangeTraded2021-12-3100185577ns6:AdditionsToInvestmentsns6:ListedExchangeTraded2022-12-3100185577ns6:DisposalsRepaymentsInvestmentsns6:ListedExchangeTraded2022-12-3100185577ns6:RevaluationsIncreaseDecreaseInInvestmentsns6:ListedExchangeTraded2022-12-3100185577ns6:ImpairmentReversalProvisionsForImpairmentInvestmentsns6:ListedExchangeTraded2022-12-3100185577ns6:CostValuationns6:ListedExchangeTraded2022-12-31
REGISTERED COMPANY NUMBER: 00185577 (England and Wales)
REGISTERED CHARITY NUMBER: 207120














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

BRITISH HUMANE ASSOCIATION

BRITISH HUMANE ASSOCIATION

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Report of the Trustees 1 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8 to 9

Notes to the Financial Statements 10 to 17

BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Report of the Trustees
for the Year Ended 31 December 2022



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 December 2022. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary aim of the company, which is a registered charity, is the promotion of benevolence for the good of humanity and the community, through grant making.

The directors of the Association have decided, that in order to increase the amount available for grant distribution to beneficiaries, they will transfer funds to other charitable organisations, which have in place systems for identifying and assisting deserving cases in need. By so doing, they will not duplicate selection processes and the resultant costs. It is the intention that any one or more of the directors will examine requests for assistance received and submit a proposal to the board to award a one-off, set period or continuing grant to any body, which has applied for assistance.

Three classes of charities have been designated to receive support in accordance with our Articles of Association these are:
Charities directly involved in the relief of inhumane activities
Charities distributing grants to individuals
Charities providing relief of poverty, sickness or benefit to the community.

Public benefit
When setting the objectives and planning the work of the Charity for the year, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and are of the view that the principles are clearly met.


BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Report of the Trustees
for the Year Ended 31 December 2022


ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity's main source of income is generated through investments. The income received is used to determine the grants to be made usually in May and October.

During the year, in pursuit of its humane objectives, the company made grants for charitable purposes amounting to £165,000 (2021: £160,000).

Income from investments and deposits totalled £134,403 (2021: £141,325), Realised and unrealised losses for the year were (£664,091) (2021: gain £607,210), resulting in a net expenditure for the year of £737,189 (2021: net income £546,362).

As a result of the realised and unrealised investment gains mentioned above, the value of the Charity's investments fell from £5.691m last year to £4.916m at 31 December 2022.

2022 was a tough year for investors with markets falling on the back of rising inflation and the consequent rise in interest rates. This plus the rise in fuel prices caused by the war in the Ukraine led to an uncomfortable backdrop to markets. Bonds were particularly weak with UK government bonds falling by 24%. UK equities were flat over the year but parts of the market, such as UK smaller companies, were down by 17%. US equities were also weak with the S&P 500 down 18% in dollar terms but the weakness of the pound reduced this loss to one of 8% for the sterling investor. The only area of the market to perform well was the energy sector which rose by 47% whilst the weakest area of the market was the growth sector with technology shares performing particularly poorly.

Against this background the fund fell by 9% over the year which was disappointing in absolute terms and compared to its benchmark although the net return of -9.5% was in line with the return from the average charity in the ARC Steady Growth Universe of -9.6% The Trustees recognise that as long term investors the charity's funds may rise and fall in line with market conditions. Nevertheless they remain confident that the current level of grants issued remains sustainable

The Trustees are aware of the consequences for investments of the present reduction in expectation for world economic growth , the significant rise in inflationary pressures and the horrific situation in Ukraine.

FINANCIAL REVIEW
Investment policy and objectives
The directors have appointed professional managers with discretionary powers to invest. They have been provided with an Investment Policy Statement approved by the Trustees. This document states that the investment objective is to achieve long term capital appreciation at least sufficient to offset the impact of inflation and at the same time to generate a reasonable level of income to meet our charitable expenditure needs. The Investment Policy Statement is regularly reviewed by the directors.

The granting of discretionary powers is on the understanding that the fund will consist of fixed interest and equity investment with no bar upon the purchase of high quality overseas stocks or specialist trusts.

The composition of the portfolio is assessed by the Investment Advisers to ensure that it is appropriately positioned to respond to prevailing market conditions.

Restrictions
The Directors regularly review what restrictions to place upon investments which can be made by the Advisers . At the present time the only restriction is that no investment can be made in the shares of companies which manufacture tobacco products.


BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Report of the Trustees
for the Year Ended 31 December 2022


FINANCIAL REVIEW
Reserves policy
Whilst the Association has very low administrative costs, the amount of investment income is fairly consistent each year. Consequently the investment income achieved in the year is used to determine the level of grants to be made in the following year. The directors have agreed that future grants in any one year should total up to 4% of the capital value of the portfolio as at the end of the previous financial year. This is regarded as a ceiling and not a target. It will be reviewed at all Board Meetings in order to consider any material movement in portfolio values since the end of the previous financial year.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
British Humane Association was established on 8th November 1922 as a company limited by guarantee, incorporated on 8th November 1922, and registered as a charity on 22nd September 1962. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

The members are liable for the debts and liabilities of the Association to an amount not exceeding £1 per member in the event of a winding-up during their membership, or within one year afterwards.

Recruitment and appointment of new trustees
The governors of the company appoint the directors. Each of the governors appoints three directors. When a vacancy occurs the appropriate governor makes the appointment.

Organisational structure
The board meets twice a year to receive reports from the Company Secretary and the Investment Advisers. The Articles of Association require that a quorum of at least three members be present when the meeting proceeds to business.

Induction and training of new trustees
Directors are selected for their financial, investment and business abilities and also with a knowledge of charitable activities. Appropriate induction and training is given so that they may contribute effectively to the governance of the company. They are made aware of the statutory obligations as a director and as a trustee.

Risk management
The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.

Compliance, GDPR , Policies and Procedures
Policies addressing Conflict of Interests, Data Protection and Safeguarding are in place.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00185577 (England and Wales)

Registered Charity number
207120


BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Report of the Trustees
for the Year Ended 31 December 2022


Registered office
FoxSE Consultancy
Cardiff House
Cardiff Road
Vale of Glamorgan
CF63 2AW

Trustees
For the purposes of charity law, the directors are the trustees of the charity.

Governors
The following were governors of the charity:

The Campbell-Johnston Family
The Order of St John
The Guild of Freemen of the City of London

The directors of the charity, who were appointed by the Governors of the charity, for all or part of the year were:

Campbell Johnston Family
Ms Anna Campbell-Johnston
Mr Edward William Campbell Campbell-Johnston
Ms Rachel Frances Campbell-Johnston MA PHD

The Order of St John
Mr Duncan Cantlay TD DL
Mr Anthony Hugh Chignell MBE FRCS FRCOphth
Mr Philip Gee - resigned 22 November 2022
Mrs Georgina Brooks - appointed 22 November
2022


The Guild of Freemen of the City of London
Mrs Anne Elizabeth Holden
Mr Michael Terence Nemko (Chairman) JP FCA
Dr John Smail JP BDS(HONS) LDS RCS FSAScot

Company Secretary
Mrs S E Fox

Independent Examiner
Knox Cropper LLP
Chartered Accountants
153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ

Approved by order of the board of trustees on 16 May 2023 and signed on its behalf by:






BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Report of the Trustees
for the Year Ended 31 December 2022


Mrs S E Fox - Secretary

Independent Examiner's Report to the Trustees of
British Humane Association (Registered number: 00185577)


Independent examiner's report to the trustees of British Humane Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Stephen Anderson

Knox Cropper LLP
Chartered Accountants
153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ

16 May 2023

BRITISH HUMANE ASSOCIATION

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 December 2022

2022 2021
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 134,403 141,325

EXPENDITURE ON
Raising funds 3 33,001 33,117

Charitable activities 4
Grants 174,500 169,056
Total 207,501 202,173

Net gains/(losses) on investments (664,091 ) 607,210

NET INCOME/(EXPENDITURE) (737,189 ) 546,362


RECONCILIATION OF FUNDS
Total funds brought forward 6,006,000 5,459,638

TOTAL FUNDS CARRIED FORWARD 5,268,811 6,006,000

BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Balance Sheet
31 December 2022

2022 2021
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 8 4,916,245 5,691,493

CURRENT ASSETS
Debtors 9 33,861 27,174
Cash at bank 321,369 289,997
355,230 317,171

CREDITORS
Amounts falling due within one year 10 (2,664 ) (2,664 )

NET CURRENT ASSETS 352,566 314,507

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,268,811

6,006,000

NET ASSETS 5,268,811 6,006,000
FUNDS 11
Unrestricted funds 5,268,811 6,006,000
TOTAL FUNDS 5,268,811 6,006,000

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


BRITISH HUMANE ASSOCIATION (REGISTERED NUMBER: 00185577)

Balance Sheet - continued
31 December 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2023 and were signed on its behalf by:





M T Nemko - Trustee





D A Cantlay - Trustee

BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Investments
Investment income is recognised in the statement of financial activities when the income becomes payable and is grossed up for tax recoverable, where appropriate.

Investment assets are valued at market value at the balance sheet date.

Realised gains and losses on investments are arrived at by comparing the net sale proceeds with the market value at the end of the previous financial year; unrealised gains and losses represent the difference between the market value of investments still held at the end of the financial year with their value at the beginning of the year or with their cost, if purchased subsequently.

2. INVESTMENT INCOME
2022 2021
£    £   
Investment income 134,365 141,325
Deposit account interest 38 -
134,403 141,325


BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


3. RAISING FUNDS

Investment management costs
2022 2021
£    £   
Management fees 33,001 33,117

4. CHARITABLE ACTIVITIES
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Grants 165,000 9,500 174,500

5. GRANTS PAYABLE
2022 2021
£    £   
Grants 165,000 160,000

BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


5. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
2022 2021
£    £   
The Order of St John St John Jerusalem Eye Hospital - 10,000
Karibuni Trust - 10,000
Disabled Travel Services 3,000 -
Genesis Trust 5,000 -
Apex Charitable Trust Limited - 2,500
City Gate Community Project - 3,000
Duke of Edinburgh Wales 10,000 -
Safe Hands for Mothers 5,000 5,000
Treloars Trust 5,000 -
Edinburgh Young Carers 3,000 -
Off The Fence 5,000 2,500
Helen Bamber Foundation - 4,000
Village Water 4,000 4,000
The Mango Tree 5,000 5,000
IMET 2000 15,000 5,000
Serve - 5,000
Edinburgh Headway 4,500 -
Teen Action - 4,000
REACT - 4,000
Step By Step 5,000 -
Paul's Cancer Support Centre 4,000 -
S.A.L.V.E. International 5,000 -
Clapton Common Boy's Club - 5,000
Prevent to Protect - 2,000
Reuban's Retreat - 4,000
The Sussex Beacon 5,000 5,000
JPC Community Farm - 6,000
School Home Support - 5,000
The Wave Trust - 6,300
The Hands Up Foundation - 3,000
Sebastian Action Trust 4,000 6,000
InterAct Stroke Support - 6,000
Child Autism UK - 5,000
The Happy and Healthy Trust - 3,600
Powerhouse - 2,000
BlindAid - 5,000
Chance for Childhood - 5,000
Carousel - 1,600
Southover Partnership - 5,000
Children Ahead - 5,000
St Andrew's Hospice - 5,000
Sunshine Wishes Childfren's Charity 5,000 5,000
New Israel Fund for Clore Jewish Arab Centre - 5,500
Hearts and Minds 2,000 -
Lending Hope Limited 5,000 -
Goods for Goods Global 5,000 -
Exmore Young Voices 5,000 -

BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


5. GRANTS PAYABLE - continued
The Community Hub 3,000 -
Stonebridge City Farm 5,000 -
UNICEF 10,000 -
Poole Africa 5,000 -
Hope GB 1,500 -
Sunbeams London 4,000 -
Youth On The Move 4,000 -
Cianna's Smile 2,000 -
Best 2,000 -
KM Group 5,000 -
Care for Carers 4,000 -
Involve Kent 5,000 -
The Pirates Castle 5,000 -
165,000 160,000


6. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Grants 686 168 8,646 9,500

Management and accountancy costs relate to secretarial services provided to the charity.

Support costs, included in the above, are as follows:
2022 2021
Total
Grants activities
£    £   
Secretary's expenses 686 -
Sundries - 229
Bank charges 168 112
Secretary's fee 6,000 6,057
Independent examiners fee 2,646 2,658
9,500 9,056


BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.


8. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2022 5,691,493
Additions 941,942
Proceeds of disposal (1,053,099 )
Unrealised gains/(losses) (499,149 )
Realised gains/(losses) on disposal (164,942 )
At 31 December 2022 4,916,245
NET BOOK VALUE
At 31 December 2022 4,916,245
At 31 December 2021 5,691,493

Included within listed investments were investment assets outside the UK of £2,411,913 (2020: £2,055,306).

Cost or valuation at 31 December 2022 is represented by:

Listed
investment
£   
Valuation in 2022 4,916,245


BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 34 -
Prepayments and accrued income 33,827 27,174
33,861 27,174

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Accrued expenses 2,664 2,664

11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 6,006,000 (737,189 ) 5,268,811

TOTAL FUNDS 6,006,000 (737,189 ) 5,268,811

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 134,403 (207,501 ) (664,091 ) (737,189 )

TOTAL FUNDS 134,403 (207,501 ) (664,091 ) (737,189 )


Comparatives for movement in funds

Net
movement At
At 1.1.21 in funds 31.12.21
£    £    £   
Unrestricted funds
General fund 5,459,638 546,362 6,006,000

TOTAL FUNDS 5,459,638 546,362 6,006,000

BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 141,325 (202,173 ) 607,210 546,362

TOTAL FUNDS 141,325 (202,173 ) 607,210 546,362

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

Net
movement At
At 1.1.21 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 5,459,638 (190,827 ) 5,268,811

TOTAL FUNDS 5,459,638 (190,827 ) 5,268,811

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 275,728 (409,674 ) (56,881 ) (190,827 )

TOTAL FUNDS 275,728 (409,674 ) (56,881 ) (190,827 )


BRITISH HUMANE ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


12. RELATED PARTY DISCLOSURES

During the year grants totalling £10,000 were paid to The Order of St John St John Jerusalem Eye Hospital. The Order of St John is a Governor of this Charity. All grants awarded to The Order of St John were unanimously agreed by the Directors of this Charity.

The directors representing the Order of St John have no financial interest in either British Humane Association or The Order of St John.