OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Institute For Optimum Nutrition

2025-06-30-accounts

Company number: 2724405 Charity Number: 1013084

The Institute for Optimum Nutrition

Report and financial statements For the year ended 30 June 2025

The Institute for Optimum Nutrition

Contents

For the year ended 30 June 2025

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 2 Independent auditor’s report ....................................................................................................... 15 Statement of financial activities (incorporating an income and expenditure account) ................... 19 Balance sheet ............................................................................................................................... 20 Statement of cash flows ................................................................................................................ 21 Notes to the financial statements ................................................................................................. 22

The Institute for Optimum Nutrition

Reference and administrative information

For the year ended 30 June 2025

Company number 2724405 – incorporated in the United Kingdom 2724405 – incorporated in the United Kingdom
Charity number 1013084 – registered in England and Wales
Registered office Evergreen Studios Lower Ground
and operational Little Green
address Richmond
TW9 1NZ
Trustees Trustees, who are also directors under company law, who served
during the year and up to the date of this report were as follows:
Mrs R Hampson Chair
Mrs C Bailey (Joined June 2025)
Ms S Hillman
Mr L Keogh
Ms C Pestell
Mrs D S Mills
Ms L Ranganathan
Mrs A Wyles Treasurer
Key management personnelChris Mansi Chief Executive
Heather Rosa Dean
Charlton Berthoud Head of Finance
Bankers CAF Bank Ltd
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Solicitors Russell-Cooke
2 Putney Hill
London
SW15 6AB
Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditor
110 Golden Lane
London
EC1Y 0TG

1

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

The Trustees present their report and the audited financial statements for the year ended 30 June 2025.

Reference and administrative information set out on page 1 form part of this report. The financial statements comply with current statutory requirements, the Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The charitable objects as set out in the Articles of Association are;

“To advance education of the public and health professionals in all matters relating to nutrition”. And

“The preservation and protection of health of the general public by giving advice, assistance and where necessary treatment through nutrition”.

The Institute’s principal aim is to further the knowledge and practice of optimum nutrition. The primary means by which it seeks to meet its objective is through the training of Nutritional Therapists in the principles of optimum nutrition, as complementary to orthodox medicine, as a part of integrated functional medicine training. Trained Nutritional Therapists, through their practice, promote the principles of optimum nutrition both within the medical profession and the public at large, focusing on prevention of disorders through healthy eating and reducing reliance on remedial medicine, in accordance with the guidance set out by the Complementary and Natural Healthcare Council (CNHC regulator), the accrediting body Nutritional Therapy and Education Commission (NTEC) and the professional body the British Association for Nutrition and Lifestyle Medicine (BANT).

The Institute is accredited by the British Accreditation Council for all its courses. The University of Portsmouth validates the BSc (Hons) Nutritional Therapy, Cert HE Diet and Health, Graduate Diploma Integrative Functional Nutrition (aimed at medics and other allied healthcare professionals) and Credit Bearing Short Courses.

Our other activities, such as continuing professional development (CPD), Optimum Nutrition eNewsletter, webinars and podcast support our programme to increase awareness and provide evidence-informed information to the public on the benefits of nutrition to health and wellbeing. The Institute’s CPD courses are accredited through BANT (the professional body).

Public Benefit

The Trustees review the aims, objectives, and activities of the charity at Board meetings and annually when reviewing the strategic plan. The business plan for 2023 – 2028 confirms the work of the charity is to educate people on the benefits of personalised nutrition and lifestyle practice to wellbeing. The increasing incidence of obesity, diabetes and other chronic conditions is putting

2

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

significant pressure on the health economy. Through increasing the number of Nutritional Therapy Practitioners, courses, clinics, media communications (e.g. newsletter), and forms of information accessible to the general public (Food as Fuel and Food for Thought online series, articles and podcasts), we are working to improve the health outcomes of the general population through the promotion of dietary changes in line with evidence-based research, providing a public benefit that is in accordance with ION’s charitable aims and objectives. This report also looks at what the charity has achieved and the outcomes of its work within the last twelve months.

The priorities for the financial year 2024/25 were:

The business plan sets out the vision and mission for ION. The ION vision statement is: Optimum nutrition for all throughout life .

The ION mission statement is: To educate and enthuse, instilling personalised nutrition as the foundation of health for all.

The Institute’s core values are:

To nourish, empower and transform through our education and practice, and to be inclusive and responsible in our approach.

We nourish people, through engaging with learning, empowering confident decision making that can transform self and others.

We are inclusive, highlighting and celebrating diversity in all aspects of our work.

We are responsible through our commitment to quality standards in our message, evidenceinformed education, employment practices and corporate citizenship.

The business plan 2023 - 2028 sets out our Key Outcomes, which are to:

Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

3

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Achievements and performance in the delivery of public benefit

Charitable Aims and Objectives:

ION’s charitable work is centred around our vision, optimum nutrition for all throughout life and our mission, educating and inspiring individuals by promoting personalised nutrition as the foundation of health for all.

ION’s charitable activities serve to advance these goals for the public benefit, ensuring that nutrition education and support are accessible to as many people as possible.

Beneficiaries

Students and Aspiring Practitioners

The primary beneficiaries of ION’s charitable efforts are individuals who wish to; train as nutritional therapy practitioners or dietary educators , add personalised nutrition to their existing healthcare practices, or continue their professional development.

ION is especially supportive of people who are returning to education , particularly those who have not studied science at A-levels or have taken a significant break from education.

Offering high-quality online courses in personalised nutrition, ION helps students pursue careers in nutrition and health, whether as nutritional therapists , dietary educators , or in other related roles.

The dietary educator award allows students to start practicing while they continue their studies, enabling them to earn while they learn or simply to build their business as dietary educators.

General Public and Health-Conscious Individuals :

ION's services and resources also benefit people with health issues who want to access guidance from the Optimum Nutrition Training Clinic .

Those who are interested in health and wellbeing , including those who follow ION's podcast , webinars , or eNewsletter , also benefit from ION’s educational content and practical advice.

These initiatives provide the public with clear, evidence-based information on nutrition and health, supporting them in their wellbeing journey.

Education and Content Delivery:

ION provides online education and courses in personalised nutrition that cater to a wide range of individuals, from those pursuing a new career to those looking to integrate nutrition into their existing practices.

Nutrition Talks feature graduates sharing their expertise on various topics of interest within the nutrition field, enabling them to pass on knowledge and inspire others.

4

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Optimum Nutrition eNewsletter and podcasts serve as platforms for showcasing expert interviews, touching on common health conditions , and providing insights into nutrition practices, all of which aim to inspire and guide individuals on their health journey.

Clinical Support and Personalised Nutrition:

ION’s training clinics are a key part of our charitable activities, where trainee clinicians —supported by clinical supervisors —provide personalised nutrition and lifestyle advice to clients.

These clinics offer guidance on food choices and lifestyle adjustments, helping clients improve their health and wellbeing outcomes.

The therapeutic process at these clinics is designed to help clients re-engage positively with food , which is a cornerstone of the healing process.

Public Engagement:

ION’s outreach extends beyond formal educational programs, reaching out to the general public through their website and social media platforms. By providing clear, evidence-based information , ION actively promotes the importance of personalised nutrition in achieving optimal health and wellbeing for all.

Through its charitable work, ION aims to educate, empower , and support individuals at various stages of their health and career journeys, while fostering a community that values the transformative power of personalised nutrition. Whether through professional training programs , clinical services , or public outreach efforts like podcasts and newsletters, ION works to make optimum nutrition accessible to all.

Highlights of the year include:

5

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Key Priorities

Financial security

Students enrolled on the BSc (Hons) Nutritional Therapy course increased on the previous year (2023/24 total across all years and modes = 245, 2024/25 total across all years and modes = 249). The addition of exit points for those enrolled on the Cert HE Personalised Diet and Health and BSc (Hons) Nutritional Therapy has enabled students to commence practice and earn whilst they learn. Students enrolled on the Cert HE Personalised Diet and Health increased on the previous year from 11 to 29.

We have also seen a slight increase in the number of students enrolled on the Graduate Diploma Integrative Function Nutrition from 37 to 41. This course is a fast-track professional qualification for medics and other allied health care professionals who want to add personalised nutrition and lifestyle into their practice.

In the previous year, ION commenced the application process to register with the Office for Students which would provide access to student finance if successful. Due to OfS needing to refocus their resources on UK Universities in financial difficulty, our application (along with many other training providers who applied from April 2024) was paused. OfS recommenced the review of paused applications in August 2025. Therefore, an outcome is expected in the financial year 2025/26. To maintain momentum, we commenced an application to Medr Wales to enable Welsh students to access student finance, which has been successful, enabling qualifying Welsh students to obtain student finance in 2025/26.

A further review of costs was undertaken and cost savings made.

Our 40[th] Birthday celebrations culminated in November 2024, with a very successful conference and networking event where ION’s Colourful Kitchen Cookbook was launched. The book contains over 65 recipes from ION Alumni. Revenue for the cookbook, network event, raffle and 40K in 40 days challenge reached £27k. Profit from book sales and fundraising activities will support ION in delivering and developing courses on personalised, functional nutrition and offering bursaries to our students.

6

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Marketing and student recruitment

A key aspect of our marketing activity is the ION website. During the year we transitioned to a new site with improved responsiveness for mobile devices and overall experience for visitors to the site. This is a significant undertaking, and the development of the site continues into the coming financial year. The change in platform and the rise in AI generated content on web browsers will have affected traffic to the website in the short term. We will be working to improve traffic through ensuring our content is picked up by AI platforms.

Whilst traffic to the website has decreased in the period, we have seen an increase in prospectus downloads of 23% and a 16% increase in enquiries. Followers on our social media channels have also increased by 19%.

Our 40[th] Birthday celebrations provided ION the opportunity to show case the success of our graduates through The Colourful Kitchen Collection Cookbook and the Nutrition Talks webinars.

We continued during the year to attended external events targeted at audiences that are interested in health, wellbeing and lifestyle practices. Attendance at these events has helped us to increase our reach and raise awareness of our courses.

During the year we successfully applied for our courses to be recognised with the Ministry of Defence. We also achieved accreditation as an ELCAS approved training provider. In the coming year we will be attending training and development events across all Ministry of Defence services.

Premises review

The lease on Ambassador House expired in November 2025. As the majority of staff continue to work from home or have a hybrid pattern of work, our space needs have reduced. Therefore, we moved in November 2025 within Richmond to smaller premises that accommodates the corporate services team, on a two-year lease.

Plans for the future

The priorities for the financial year 2025/26 were agreed:

The Institute has used reserves during the year to invest in new course developments and manage resources during challenging economic environment. It is expected that the return on investment will be seen in the next couple of years and beyond. The Institute has faced some significant challenges during the year as well as positive changes and exciting new developments. The

7

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Trustees would like to extend their thanks to the management team for their leadership and to all staff for their hard work, dedication and commitment to ION and its charitable aims and objectives, during what has been an exceptional year.

Financial review

ION’s results for the year improved compared to 2023/24, the second year of improved results, as various initiatives come to fruition. Marketing initiatives are driving the top line, which has led to a 7% increase in student numbers compared to the prior year. Careful cost management continues to be a priority with total expenditure for the year reducing again. Management accounts, budgets and forecasts continue to be thoroughly considered by both Senior Management and the Trustees, and swift action is taken on costs where appropriate.

Overall student numbers were 7% up on the prior year, resulting in a 4% year on year increase in total income. Our main courses, BSc (Hons) Nutritional Therapy, Graduate Diploma and Certificate of Higher Education, all showed increased student numbers. ION still has some students completing the nutritional therapy diploma course, for which we stopped accepting new students in 2020; there were 7 students in 2024/25, down from 15 students in 2023/24, and there will be no further students completing this award going forward.

During the year, the fifth year of the part-time nutritional therapy BSc course was rolled out and the third year of the BSc full-time course, which helped to increase overall numbers for the BSc courses by 2%. Student numbers on our Graduate Diploma courses increased by 11% to 41 students. Student numbers on our Cert HE courses increased by 18 to 29 students

Total expenditure reduced marginally year on year. The average number of employees reduced from 40.3 in 2023/24 to 39.0 in 2024/25, with a corresponding £52k reduction in staff costs, as a result of ION seeking further cost savings in order to replenish reserves that were used to fund course developments and lower student numbers. Marketing and promotion costs also reduced by £58k as a result of the external marketing strategic review carried out in 2023/24 not being repeated in 2024/25, as well as targeting fewer trade shows in the year.

With increased income and reduced costs, the result for 2024/25 was significantly better than the prior year, with a net surplus of £33k for 2024/25 compared to a £55k deficit for 2023/24. The surplus for the year has brought the total unrestricted funds up to £63k at year end.

The cash position at year end was £463k, £222k lower than 30 June 2024. The reduction is largely due to the final fee payment to University of Portsmouth relating to 2023/24 being paid later than usual in the current year, while the final payment for 2024/25 was also paid in 2024/25. Additionally, various changes in software use necessitated higher levels of prepayments at the end of 2024/25 compared to the prior year. Finally, bank loan capital repayments of £59k were paid during the year.

8

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Going concern

The Trustees have considered detailed cash projections for the sixteen months from the date of this report. General cost of living pressures are seen as the largest driver on student numbers, from who nearly all our income is received. The Trustees have therefore modelled the impact of continuing relatively low student numbers on income and our ability to maintain sufficient cash levels. There are inherent uncertainties regarding the forecasts, particularly the level of student intake, which, to a certain extent, is beyond the Institute’s control in as much as it is driven by the economic climate and general cost of living pressures. We anticipate that the current and next financial years (2025/26 and 2026/27) will continue to be challenging, though in the current financial year, several factors have combined to hugely reduce the Institute’s cost base, including the end of the lease on its previous premises and the move to much smaller premises more appropriate to an online higher education provider. This will help to improve the Institute’s reserves levels for future years.

In the forecasts, in all except the pessimistic scenarios modelled, cash levels were shown to be sufficient throughout the sixteen months forecast. If these most pessimistic scenarios were to come about, the Institute could have insufficient cash funds, meaning there is material uncertainty on the Institute’s ability to continue as a going concern. Despite this, based on the Institute’s 40 years of being at the forefront of nutritional therapy training, providing high quality courses that our students value, along with the careful cost management that is in place, the Trustees have every expectation that there will be sufficient income to cover projected expenditure.

The Institute therefore continues to adopt the going concern basis in preparing its financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting policies note to the accounts.

Reserves Policy

The Trustees regularly monitor the charity's reserves to ensure that an adequate level is maintained to meet its stated objectives for the development of educational courses, and the furtherance of knowledge and acceptance of the principles of optimum nutrition.

Reserves are needed to cover any potential shortfall in income, allowing time for Trustees to make appropriate cost adjustments, and to develop and maintain the Institute's educational programmes. The Trustees consider the minimum desirable level of reserves should be £550k, sufficient to cover approximately three months of operating expenditure, as a medium to long-term target. We aim to achieve it over time through careful control of costs and an increase in course income during the life of the Institute’s strategic five-year plan. As explained in the going concern section above, course development and student numbers continuing to be below optimal levels, resulted in the need for reserves to be used to manage the impact of the consequential lower income.

9

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Reserves at 30 June 2025 were £62,821 of which £50,778 is designated for fixed assets and £4,021 for the Bursary Fund, leaving free reserves of £8,022. In the prior year we used reserves to grow revenue through focusing on our flagship degree course, in order to increase adoption within our primary market segment of mature students, and by innovating on new ways to identify and market to newer audiences within the UK and internationally. This has resulted in the return to a reserves surplus in the current year. Looking forward, several steps that we have taken and are taking should combine to improve the Institute’s reserves levels significantly in future years, the most significant being:

Remuneration Policy

The HR and Remuneration Committee consider the remuneration of all staff, including Senior Management, benchmarking against market rates for academic and corporate roles at least every three years. The lowest pay point is the London Living Wage.

Annual pay awards are linked to organisation performance and decided by the Board of Trustees.

Investment policy and objectives

ION’s Investment Policy prioritises capital preservation, liquidity, and ethical principles, aligning with Charity Commission CC14 guidelines. Investments are limited to secure UK bank deposit accounts, building society accounts, or Common Deposit Funds for charities, avoiding riskier assets like stocks, bonds, or real estate. Trustees conduct periodic reviews of financial institutions and investment performance to ensure compliance and security. Funds remain accessible for operational needs. The policy is reviewed annually to adapt to regulatory changes and charity needs, supporting prudent, risk-averse financial management.

Fundraising practice

The Institute is funded mainly through course fees and other charitable trading income. The Institute’s fundraising during the year was primarily derived from corporate sponsorship of events, where sponsoring companies paid for a stand. Small additional amounts were raised through a raffle, with prizes donated by sponsors, and through minor unsolicited donations. These amounts were insignificant in the context of the charity’s overall income. The Institute has not used any external body to raise funds. There have been no complaints about the Institute’s fundraising practices.

10

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 16 June 1992 and registered as a charity on 22 July 1992.

The Articles of Association provide for Members of the Institute to be Fellows and Fellowship is granted only on invitation by the Board of Trustees. Each Fellow commits to contribute £1 in the event of the charity winding up.

The Trustees undertake a skills audit prior to the recruitment of new Trustees and this informs the content of the job description and the essential skills required for the recruitment and selection process. The post is advertised via a range of appropriate job sites and noticeboards, and prospective Trustees are interviewed and references taken up prior to being co-opted to the Board. The nomination is then confirmed to Fellows at the subsequent Annual General Meeting. The Trustees are elected by the Fellows of the Institute at the Annual General Meeting. The maximum number of Trustees is nine and the minimum three. Trustees become Fellows of the Institute upon nomination to the Board. The Chair of the Board is elected by the Board of Trustees. All Trustees give their time voluntarily. Trustees are able, where they provide specialist services to the organisation, to receive compensation for their time. Any expenses reclaimed from the charity are set out in note 5 to the accounts.

Trustees undergo relevant training. All new Trustees undertake in-house induction training covering their roles and responsibilities and an overview of the Institute’s activities and governance procedures. Trustees also attend training courses provided by the Institute on aspects or changes to charitable governance or statutory compliance as defined by their own audit. Trustees are provided with best practice reports recommended by the Charity Commission as part of their induction.

Trustees of the charity meet at least four times a year to direct its affairs. Committees review specific areas of the charity’s business and report to the Board. The structure and reporting process enables Trustees to plan and monitor the strategic direction of the charity. The Chair of Trustees and the Chief Executive are in contact before each meeting to agree a formal agenda and papers.

The day-to-day operation of the business of the charity is delegated to the Chief Executive, Chris Mansi, and her Senior Management Team. There are functional managers for each of the key areas of the business.

The Board has a number of sub-committees and steering groups, chaired by the different Trustees, which assist the monitoring of the performance of the business. The committees met with varying frequency during the year and oversee the activities and performance of the organisation as detailed below:

11

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

The Finance, Audit and Technology Committee (meets at least four times a year)

The Finance, Audit and Technology Committee monitors financial performance, ensuring resources are used efficiently and effectively in achieving our objectives. It agrees the budget, monitors performance against this during the year and makes recommendations to the Board. The committee ensures appropriate financial systems and processes are in place to support the activities of the organisation. It oversees the audit process; reviews audited accounts and Trustees’ report and makes recommendations on these to the Board of Trustees. The committee monitors development activity to ensure it meets our objectives and the Public Benefit requirement. It also monitors the development, implementation and revision of the ICT strategy. The committee reviews and makes recommendations on all financial and ICT policies, including the reserves policy.

The committee is chaired by Anita Wyles (Treasurer), the vice-chair is Laksh Ranganathan. The other member of the committee is Rachel Hampson. The committee is also attended by the Head of Finance, Head of Corporate Services and CEO.

The HR and Remuneration Committee (meets at least twice a year)

The HR and Remuneration Committee monitors the HR and Remuneration Strategy and ensures appropriate policies relating to staff recruitment, retention and development are in place.

The committee is chaired by Sue Hillman. The other member of the committee is Laksh Ranganathan. The committee is also attended by the CEO, Head of Corporate Services and Dean.

The Joint Staff Consultation Committee (meets at least twice a year and reports into the HR and Remuneration Committee)

The JSCC allows staff and management to exchange views and discuss issues, and for management to share information and hear the views of all staff groups. The issues for discussion will relate to organisational performance and proposed changes that may affect staff, although this will not be a forum for negotiating pay, terms and conditions.

Views coming to the JSCC will inform management decisions. Representatives elected by each of the staff areas will take on the important roles of gathering views, representing these in the meetings and then feeding back to their staff group.

The committee is chaired by Sue Hillman. The other members of the committee are CEO, Head of Corporate Services, one staff representative from academic services, one staff representative from corporate services and one staff representative to cover all departments.

The Education Committee (meets at least twice a year) The Education Committee monitors academic strategy and ensures viability of all courses.

The committee is chaired by Rachel Hampson. The other members of the committee are Dian Shepperson-Mills and Carmai Pestell. The committee is also attended by the CEO, Dean and Head of Undergraduate Courses.

12

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

The Marketing and Communications Committee (meets at least four times a year) The Marketing and Communications Committee ensures appropriate strategies and resources are in place to support ION’s activities. The committee met four times during the year to support the development of the strategy and oversee activities.

The committee is chaired by Rachel Hampson. The other members of the committee are Liam Keogh, Sue Hillman and Laksh Ranganathan. The committee is also attended by the CEO and Head of Corporate Services and other members of the staff team as appropriate to the agenda.

Risk management

The Institute’s annual review of the business includes consideration of the major risks to which the charity is exposed and the risk management strategy to contain those exposures and to mitigate significant risks. Low student numbers are seen as the greatest risk to the Institute and the Trustees have modelled how this impacts income and our ability to maintain sufficient cash levels. The current general cost of living pressures are seen as the largest driver, which are outside our control.

Mitigation of risks is managed through review of our cost base on an ongoing basis, with a view to relinquishing unnecessary costs where possible. Trustees have reviewed and redirected investment in marketing activity, in order to continue to recruit sufficient students as far as possible, including updated marketing strategies, supporting the development of current students to aid retention and promotion of payment plan options. Collaborations with third parties and provision of new course options allows students to practice at different levels whilst they continue their studies.

Longer term strategies include applying for registration with OfS in order to provide prospective students with access to student finance and to attract different demographics to ION’s courses.

The Trustees believe all the current risks are monitored and have done all that is feasible to address the uncertainty.

Statement of responsibilities of the Trustees

The Trustees (who are also directors of The Institute for Optimum Nutrition for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

For each financial year, company law requires the Trustees to prepare financial statements that 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 these financial statements, the Trustees are required to:

13

The Institute for Optimum Nutrition

Trustees’ annual report

For the year ended 30 June 2025

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 June 2025 was 20 (2024: 20). The Trustees are directors of the charity, some Trustees are also members which entitles them to voting rights at the AGM. The Trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

The Trustees’ annual report has been prepared in accordance with the special provisions applicable to companies’ subject to the small companies' regime.

Approved by the Trustees on 24 February 2026 and signed on their behalf by

Rachel Hampson Chair of Trustees

14

Independent auditor’s report

To the members of

The Institute for Optimum Nutrition

Opinion

We have audited the financial statements of The Institute for Optimum Nutrition (the ‘charitable company’) for the year ended 30 June 2025 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).

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.

Material uncertainty relating to going concern

We draw attention to note 1d in the financial statements, which indicates that the trustees reflect on the current financial position of the charity and the fact that the forecasts for the next 12 months include material levels of future funding that are yet to be secured. As stated in note 1d, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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. Our evaluation of the trustees’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included reviewing the forecasts and budgets prepared by management and assessing the valuation and impact of potential cost-saving measures.

15

Independent auditor’s report

To the members of

The Institute for Optimum Nutrition

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

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions 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 requires us to report to you if, in our opinion:

16

Independent auditor’s report

To the members of

The Institute for Optimum Nutrition

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.

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.

Auditor’s responsibilities for the audit of the financial statements

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 non-compliance with laws and regulations, our procedures included the following:

17

Independent auditor’s report

To the members of

The Institute for Optimum Nutrition

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 non-compliance 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 our 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. 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.

Noelia Serrano (Senior statutory auditor)

27 February 2026

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

18

The Institute for Optimum Nutrition

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 June 2025

For theyear ended 30June 2025
Note
2
Expenditure on:
3a
Reconciliation of funds:
Income from:
Total funds carried forward
Net income / (expenditure) for the
year and movement in funds
Total funds brought forward
Total expenditure
Donations
Charitable activities
Charitable activities
Educational courses
Information dissemination activities
Educational courses
Information dissemination activities
Investments
Total income		 Unrestricted
£
1,021
2,083,995
48,293
15,654		 Restricted
£
-
-
-
-		 2025
Total
£
1,021
2,083,995
48,293
15,654		 Unrestricted
£
314
2,031,275
22,315
15,292		 Restricted
£
-
-
-
-		 2024
Total
£
314
2,031,275
22,315
15,292
2,148,963 - 2,148,963 2,069,196 - 2,069,196
1,878,082
238,131		 -
-		 1,878,082
238,131		 1,805,001
305,017		 -
14,000		 1,805,001
319,017
2,116,213 - 2,116,213 2,110,018 14,000 2,124,018
32,750
30,071		 -
-		 32,750
30,071		 (40,822)
70,893		 (14,000)
14,000		 (54,822)
84,893
62,821 - 62,821 30,071 - 30,071

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the financial statements.

19

The Institute for Optimum Nutrition

Company no. 2724405

Balance sheet

As at 30 June 2025
Note
Fixed assets:
9
9
Current assets:
10
Liabilities:
11
13
14
15
Restricted income funds
Unrestricted income funds:
Designated funds
General funds
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Cash at bank and in hand
Tangible assets
Intangible assets
Total unrestricted funds
Total charity funds		 £
459,297
462,879		 2025
£
40,016
10,762		 £
404,816
684,480		 2024
£
-
11,652
50,778
108,821		 11,652
215,938
922,176
(813,355)		 1,089,296
(873,358)
54,799
8,022		 11,652
18,419
159,599
(96,778)		 227,590
(197,519)
62,821 30,071
-
62,821		 -
30,071
62,821 30,071

Approved by the Trustees on 24 February 2026 and signed on their behalf by

Rachel Hampson Chair of the Board of Trustees

20

The Institute for Optimum Nutrition

Statement of cash flows

For the year ended 30 June 2025

For the year ended 30 June 2025
Cash at bank and in hand
Total cash and cash equivalents
Loans falling due within one year
Loans falling due after more than one year
Total
Analysis of cash and cash equivalents and of net debt
(Decrease) / increase in creditors
Cash flows from operating activities:
Repayments of borrowing - capital
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
Interest on borrowing
(Increase) in debtors
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash (used in) financing activities
Change in cash and cash equivalents in the year
Repayments of borrowing - interest
Net cash (used in) / provided by operating activities
Increase in provisions
Cash flows from financing activities:
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Purchase of intangible fixed assets
Net cash (used in) / provided by investing activities		 £
£
32,750
5,749
(15,654)
14,984
(54,481)
(131,359)
34,758
(113,253)
15,654
(4,859)
(40,016)
(29,221)
(58,702)
(20,425)
(79,127)
(221,601)
684,480
462,879
At 1 July
2024
Cash flows
£
£
684,480
(221,601)
684,480
(221,601)
(70,666)
(30,979)
(191,900)
95,122
421,914
(157,458)
2025		 £
£
(54,822)
5,549
(15,292)
18,112
(22,384)
171,489
-
102,652
15,292
(6,299)
-
8,993
(53,458)
(10,914)
(64,372)
47,273
637,207
684,480
Other non-
cash changes
At 30 June
2025
£
£
-
462,879
-
462,879
-
(101,645)
-
(96,778)
-
264,456
2024
15,654
(4,859)
(40,016)		 15,292
(6,299)
-
(58,702)
(20,425)		 (53,458)
(10,914)
At 1 July
2024
£
684,480		 Other non-
cash changes
£
-
(221,601)
684,480		 47,273
637,207
462,879 684,480
Cash flows
£
(221,601)		 At 30 June
2025
£
462,879
684,480 (221,601) - 462,879
(70,666)
(191,900)		 (30,979)
95,122		 -
-		 (101,645)
(96,778)
421,914 (157,458) - 264,456

21

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

a) Statutory information

The Institute for Optimum Nutrition is a charitable company limited by guarantee and is incorporated in the United Kingdom.

The registered office address and principal place of business is Evergreen Studios Lower Ground, Little Green, Richmond, TW9 1NZ.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

As disclosed in the Trustee’s Report, the general cost of living pressures in the UK have had a significant impact on the Institute. In assessing its going concern status, the Trustees have prepared detailed cash flow forecasts and projections and applied stress test scenarios to those forecasts. The Trustees have also taken into consideration further potential funding and how the Charity has adapted positively to the effect of reduced student numbers by improving marketing activity and reducing the cost base.

Trustees consider that, given the current financial position of the charity and the fact that material levels of future funding are yet to be secured, there are material uncertainties about the Institute's ability to continue as a going concern. However, through a combination of increased student numbers, a reduced cost base and the potential for an additional bank loan if needed, the Trustees have every expectation that there will be sufficient income to cover projected expenditure and consider that these factors support the conclusion that the charity remains a going concern.

The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Course fees are recognised within the financial statements when receivable by way of performance of services. Course fees that are unpaid at the year-end are included within trade debtors. Course fees received in advance of course commencement after the year-end date are carried forward within creditors as deferred income.

Non-refundable student registration fees are recognised on receipt.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

22

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

h) Expenditure and irrecoverable VAT

Expenditure on charitable activities includes the costs of delivering courses and other educational activities and of producing our magazine and running our clinics to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on income, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on income, of the amount attributable to each activity

98% (2024: 99%) 2% (2024: 1%)

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The useful lives are as follows:

l) Intangible fixed assets

Software costs, including development costs relating to internally generated intangible assets, are capitalised where they are deemed necessary to create, produce and prepare the asset to be capable of operating in the manner intended.

Capitalised intangible assets are stated at cost and, once in service, amortised over their useful economic lives using the straightline method. Where a reliable estimate of the expected useful life of an asset cannot be made, it is assumed to be six years.

23

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

q) Pensions

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

r) Finance Leases

Assets purchased under finance leases are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charge. Finance charges are written off to the statement of financial activities over the period of the lease so as to produce a constant periodic rate of charge.

24

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

Income from charitable activities
Diploma and Degree courses
Science Access courses
CPD Short courses
Enrolment fees
Magazine and marketing
Clinical income
Sub-total for educational courses
Total income from charitable activities
Sub-total for information dissemination		 Unrestricted
£
1,854,933
105,154
50,888
73,020		 Restricted
£
-
-
-
-		 2025
Total
£
1,854,933
105,154
50,888
73,020		 Unrestricted
£
1,742,216
162,030
59,899
67,130		 Restricted
£
-
-
-
-		 2024
Total
£
1,742,216
162,030
59,899
67,130
2,083,995
46,997
1,296		 -
-
-		 2,083,995
46,997
1,296		 2,031,275
20,909
1,406		 -
-
-		 2,031,275
20,909
1,406
48,293 - 48,293 22,315 - 22,315
2,132,288 - 2,132,288 2,053,590 - 2,053,590

25

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

3a Analysis of expenditure (current year)

the year ended 30 June 2025
Analysis of expenditure (current year)
Staff costs (Note 5)
Lecturers' and tutors' fees
Clinical costs
Magazine and book costs
Marketing and promotion costs
Room and equipment hire
Course costs
Trustee training and expenses
Auditor's remuneration
Premises Costs
Office and IT costs
Legal and professional fees
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 Charitable activities Governance
costs
£
37,979
-
-
-
-
-
-
893
11,462
-
-
-		 Support
costs
£
331,522
-
-
-
-
-
-
-
-
254,502
305,621
15,320		 2025
Total
£
1,068,591
74,071
21,777
11,909
26,710
14,826
272,157
893
11,462
254,502
343,995
15,320		 2024
Total
£
1,120,552
62,688
27,069
11,885
84,859
5,177
269,029
81
11,042
211,411
311,198
9,027
Educational
Courses
£
554,452
74,071
-
-
-
14,826
272,157
-
-
-
24,423
-		 Information
Dissemination
Activities
£
144,638
-
21,777
11,909
26,710
-
-
-
-
-
13,951
-
939,929
888,826
49,327		 218,985
18,139
1,007		 50,334
-
(50,334)		 906,965
(906,965)
-		 2,116,213
-
-		 2,124,018
-
-
1,878,082 238,131 - - 2,116,213 2,124,018
2,124,018
1,805,001 319,017 - -

26

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

3b Analysis of expenditure (prior year)

Analysis of expenditure (prior year)
the year ended 30 June 2025
Staff costs (Note 5)
Lecturers' and tutors' fees
Clinical costs
Magazine and membership costs
Marketing and promotion costs
Room and equipment hire
Course costs
Trustee training and expenses
Auditor's remuneration
Premises Costs
Office and IT costs
Legal and professional fees
Support costs
Governance costs
Total expenditure 2024		 Charitable activities Governance
costs
£
37,822
-
-
-
-
-
-
81
11,042
-
-
-		 Support
costs
£
341,092
-
-
-
-
-
-
-
-
211,411
287,753
9,027		 2024
Total
£
1,120,552
62,688
27,069
11,885
84,859
5,177
269,029
81
11,042
211,411
311,198
9,027
Educational
Courses
£
566,365
62,688
-
-
-
5,177
269,029
-
-
-
12,496
-		 Information
Dissemination
Activities
£
175,273
-
27,069
11,885
84,859
-
-
-
-
-
10,949
-
915,755
840,790
48,456		 310,035
8,493
489		 48,945
-
(48,945)		 849,283
(849,283)
-		 2,124,018
-
-
1,805,001 319,017 - - 2,124,018

27

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

This is stated after charging:

This is stated after charging:
2025 2024
£ £
Depreciation 5,749 5,549
Interest payable on bank loans and finance leases 14,984 18,112
Operating lease rentals:
Property 153,390 148,527
Other 38,802 35,690
Auditor's remuneration (excluding VAT):
Audit 9,500 9,000

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 2025
£
966,511
84,068
18,012		 2024
£
1,013,394
87,201
19,957
1,068,591 1,120,552

The following number of employees received employee benefits (excluding employer pension costs and employer national insurance) during the year between:

2025 2024
No. No.
£60,000 - £69,999 1 2
£70,000 - £79,999 1 -
£80,000 - £89,999 1 1

The total employee benefits (including employer pension contributions and employer national insurance) of the key management personnel were £250,124 (2024: £249,090).

No members of staff were made redundant during the year (2024: none).

The charity Trustees were not paid or received any other benefits from their role as Trustees of the charity in the year (2024: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £117 (2024: £81) incurred by 1 (2024: 1) member relating to attendance at meetings of the Trustees.

28

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Information Dissemination
Support
Educational courses		 2025
No.
6.5
30.5
2.0		 2024
No.
6.6
31.7
2.0
39.0 40.3

7 Related party transactions

No Trustees were paid fees during the year (2024: £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

29

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

9 Fixed assets

Intangible fixed assets

Intangible fixed assets
Depreciation
At the end of the year
At the start of the year
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Additions in year
Net book value
Cost		 Website
£
-
40,016
40,016
-
-
-
40,016
-

Tangible fixed assets

Tangible fixed assets
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year		 Fixtures and
fittings
£
25,807
-		 Computer
equipment
£
36,281
4,859		 Short
leasehold
improvements
£
144,580
-		 Total
£
206,668
4,859
25,807 41,140 144,580 211,527
25,807
-		 24,629
5,749		 144,580
-		 195,016
5,749
25,807 30,378 144,580 200,765
- 10,762 - 10,762
- 11,652 - 11,652

All of the above assets are used for charitable purposes.

30

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

10 Debtors

Debtors
Prepayments
Trade debtors
Other debtors		 2025
£
198,850
82,992
177,455		 2024
£
228,494
82,992
93,330
459,297 404,816

Other debtors includes £82,992 deposit on the lease at Ambassador House, which is due within one year.

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals
Deferred income (note 12)
Trade creditors
Taxation and social security
Bank Loans
Other creditors
Provisions		 2025
£
101,644
113,864
31,502
8,183
44,108
34,758
479,296		 2024
£
70,665
53,965
30,029
7,730
165,658
-
545,311
813,355 873,358

A provision for dilapidations on the Institute's vacated premises has been included.

12 Deferred income

Deferred income comprises course fees received in advance, net of early payment discounts, for courses commencing after the year-end.


after the year-end.
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2025
£
545,311
(545,311)
479,296		 2024
£
491,394
(491,394)
545,311
479,296 545,311

13 Creditors: amounts falling due after one year

Creditors: amounts falling due after one year
One to five years 2025
£
96,778		 2024
£
197,519
96,778 197,519

Amounts falling due after one year comprise accruals of £nil (2024: £5,619) and bank loans of £96,778 (2024: £191,900)

Bank loans are secured by a first ranking debenture over all the assets.

31

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

14a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Bursary fund
Net assets at the end of the year
Tangible and intangible fixed assets
Net current assets
Long term liabilities		 General
unrestricted
£
-
-
104,800
(96,778)		 Designated
£
50,778
4,021
-
-		 Restricted
£
-
-
-
-		 Total funds
£
50,778
4,021
104,800
(96,778)
8,022 54,799 - 62,821
Restricted funds:
Total restricted funds
Total designated funds
General funds
Bursary Fund
Tangible fixed assets
Long term liabilities
Total unrestricted funds
Research
Net current assets
Movements in funds (current year)
Fixed Asset Reserve Fund
Unrestricted funds:
Designated funds:
Net assets at the end of the year
Total funds		 At 1 July 2024
£
-		 General
unrestricted
£
-
215,938
(197,519)		 Designated
£
11,652
-
-		 Restricted
£
-
-
-		 Total funds
£
11,652
215,938
(197,519)
18,419 11,652 - 30,071
Income & gains
£
-		 Expenditure &
losses
£
-		 Transfers
£
-		 At 30 June
2025
£
-
- - - - -
11,652
-		 -
-		 -
-		 39,126
4,021		 50,778
4,021
11,652 - - 43,147 54,799
18,419 2,148,963 (2,116,213) (43,147) 8,022
30,071 2,148,963 (2,116,213) - 62,821
30,071 2,148,963 (2,116,213) - 62,821

15a Movements in funds (current year)

32

The Institute for Optimum Nutrition

Notes to the financial statements

For the year ended 30 June 2025

15b Movements in funds (prior year)

Movements in funds (prior year)
Restricted funds:
Total restricted funds
Total designated funds
General funds
Total funds
Unrestricted funds:
Designated funds:
Fixed Asset Reserve Fund
Research
Total unrestricted funds		 At 1 July 2023
£
14,000		 Income & gains
£
-		 Expenditure &
losses
£
(14,000)		 Transfers
£
-		 At 30 June
2024
£
-
14,000 - (14,000) - -
10,902 - - 750 11,652
10,902 - - 750 11,652
59,991 2,069,196 (2,110,018) (750) 18,419
70,893 2,069,196 (2,110,018) - 30,071
84,893 2,069,196 (2,124,018) - 30,071

Purposes of restricted funds

Research: The Institute held a donation of £14k at the beginning of the year, which was spent on research during the year.

Purposes of designated funds

Fixed Asset Reserve : This has been established to represent the net book value of fixed assets, net of finance lease creditors.

Bursary Fund : This has been established primarily to provide financial support for students who face barriers to attending education.

16 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods


following periods
One to five years
Over five years
Less than one year		 2025
2024
£
£
46,251
123,335
-
46,251
-
-
46,251
169,586
Property		 2025
2024
£
£
16,398
36,360
8,489
37,379
-
1,212
24,887
74,951
Other
46,251 169,586 24,887 74,951

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

33