Company registration number: 2674042 Charity registration number: 1013276
## Rudolf Steiner Press
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2022
Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 0EE
## **Rudolf Steiner Press**
## **Contents**
|Trustees' Report|1 to 3|
|---|---|
|Statement of Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7 to 8|
|Notes to the Financial Statements|9 to 20|
## **Rudolf Steiner Press**
## **Trustees' Report**
## **Reference and Administrative Details**
**Trustees** Anne Damerell Angus Jenkinson Margaret Jonas Andrew Scott Simon Blaxland de Lange **Secretary** Sevak Gulbekian **Principal Office** Hillside House The Square Forest Row East Sussex RH18 5ES The charity is incorporated in England and Wales. **Company Registration Number** 2674042 **Charity Registration Number** 1013276 **Bankers** Santander BBAM Bridle Road Bootle Merseyside GIR 0AA **Independent Examiner** Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 0EE
The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees, who are also directors of Rudolf Steiner Press for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
## _Governing document_
Rudolf Steiner Press is a company limited by guarantee and governed by its memorandum and articles of association. It is registered as a charity with the Charity Commission.
Page 1
## **Rudolf Steiner Press**
## **Trustees' Report**
## _Appointment of trustees_
Trustees are appointed by the trustees and serve for three years, being then eligible for reappointment. A guardian trustee is nominated by the council of the Anthroposophical Society in Great Britain (ASinGB) in agreement with the trustees.
## _Training and Induction of Trustees_
Trustees are selected for their knowledge of Rudolf Steiner’s works and their commitment to books and publishing. They are educated as to the practical work of the company and their responsibilities as trustees of the charity through private briefings and group meetings. They are conversant with the Memorandum and Articles of Association and receive regular accounts, financial reports and attend meetings for full updates on strategic editorial and business developments.
## _Organisation_
The charity employs Sevak Gulbekian as manager, editor and publisher. Lee Hannam is the part-time (self-employed) administrator. The Board of Trustees meets twice a year to discuss progress.
## _Related parties_
Rudolf Steiner Press is connected to Temple Lodge Publishing Limited by the fact that the companies share a common manager, office and a trustee (Margaret Jonas). They also have similar objectives.
## _Risk management_
The trustees have a risk management strategy which comprises an ongoing review of the risks the charity may face; the establishment of systems and procedures to mitigate the identified risks; and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
## **Objectives and activities**
## _Objects_
The objects of the charity are to publish works connected directly with the content of anthroposophy and arising therefrom; to make such works available to the general public through as many channels as practicable; to maintain as comprehensive a catalogue of Rudolf Steiner’s works as possible; to promote the work of anthroposophical authors, and to make available specialist literature required by groups and initiatives in order to facilitate their work.
Page 2
## **Rudolf Steiner Press**
## **Trustees' Report**
## _Public benefit_
Rudolf Steiner Press provides public benefit by fulfilling the objects of the charity, defined as: ‘The mental, moral and spiritual improvement of the human race by means of the production and distribution of books and other publications relating to anthroposophy and spiritual science as expounded by the late Rudolf Steiner and in particular of the works of Rudolf Steiner himself.’ The purpose of our books is to help give readers meaning and purpose in their lives and to contribute to their spiritual well-being.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
In pursuance of the above objects, in 2022 the company published 22 new printed books, editions and reprints (with ebooks in addition) by Rudolf Steiner and other anthroposophical authors. The company also distributed 11 new titles from SteinerBooks, USA. Work continued to develop the charity’s links to the media and book trade.
## **Plans for the future**
Building on the charity’s consistent growth over the past years, Rudolf Steiner Press seeks to develop sales and to seek new markets worldwide in order to help disseminate the ideas in our books. We plan to continue translating and publishing previously-untranslated works by Rudolf Steiner ( in the Collected Works of Rudolf Steiner series) and re-editing and updating existing volumes, creating new anthologies of his works that are accessible to the general reader, making available new research by contemporary writers, and publishing introductory works that explain Steiner’s philosophy and teaching to the public.
## **Financial review**
A total of 30,714 books were sold, of which 5,158 were ebooks. With the coronavirus pandemic largely over, sales resumed more usual patterns, with ebook and print sales down slightly. However, the company’s YouTube channel (Rudolf Steiner Press audio) and other streaming (via Findaway) of audio content remained healthy. Overall, sales were down by 13% on 2021, but still up significantly on 2020 (and it should be noted that 2021, alongside much of the publishing industry, was a record year for Rudolf Steiner Press). Sales income, coupled with sponsorship raised, ensures that the charity remains in a healthy financial position and with sufficient reserves.
## _Reserves_
The trustees’ reserves policy requires a minimum of six months’ running costs to be retained at any one time. At the year end date free reserves amounted to £292,936 (2021 - £247,398) which the trustees consider to be satisfactory.
Page 3
## **Rudolf Steiner Press**
## **Statement of Responsibilities**
The trustees (who are also the directors of Rudolf Steiner Press for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Angus Jenkinson Trustee
Page 4
## **Rudolf Steiner Press**
## **Independent Examiner's Report to the trustees of Rudolf Steiner Press**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 6 to 20.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Rudolf Steiner Press (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 Rudolf Steiner Press 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**
Since Rudolf Steiner Press's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Manningtons, which is one of the listed bodies.
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 Rudolf Steiner Press 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.
...................................... R T K Walsh FCCA Chartered Accountants Manningtons
39 High Street Battle East Sussex TN33 0EE
Date:.............................
Page 5
## **Rudolf Steiner Press**
## **Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
21
**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
21|**Unrestricted**
**funds**
**£**
1,936
238,004
483
240,423
(195,583)
(195,583)
44,840
175,656
220,496
**Unrestricted**
**funds**
**£**
7,979
274,763
51
282,793
(257,241)
(257,241)
25,552
25,552
150,104
175,656|**Unrestricted**
**funds**
**£**
1,936
238,004
483||**Restricted**
**funds**
**£**
46,465
-
-||**Total**
**2022**
**£**
48,401
238,004
483|
|---|---|---|---|---|---|---|
|||240,423||46,465||286,888|
|||(195,583)||(41,801)||(237,384)|
|||(195,583)||(41,801)||(237,384)|
|||44,840
175,656||4,664
22,801||49,504
198,457|
|||220,496||27,465||247,961|
|||||**Restricted**
**funds**
**£**
28,468
-
-
28,468
(13,006)
(13,006)
15,462
15,462
7,339
22,801||**Total**
**2021**
**£**
36,447
274,763
51|
|||||||311,261|
|||||||(270,247)|
|||||||(270,247)|
|||||||41,014|
|||||||41,014
157,443|
|||||||198,457|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 21.
The notes on pages 9 to 20 form an integral part of these financial statements. Page 6
## **Rudolf Steiner Press**
## **(Registration number: 2674042) Balance Sheet as at 31 December 2022**
|**Note**
**Fixed assets**
Intangible assets
12
Tangible assets
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
16
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
18
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
21
**Unrestricted income funds**
Unrestricted funds
**Total funds**
21|**2022**
**£**
-
1,665
1,665
86,398
76,798
200,499
363,695
(43,294)
320,401
322,066
(74,105)
247,961
27,465
220,496
247,961|**2021**
**£**
233
2,130|
|---|---|---|
|||2,363|
|||81,624
86,579
160,461|
|||328,664
(58,465)|
|||270,199|
|||272,562
(74,105)|
|||198,457|
|||22,801
175,656|
|||198,457|
For the financial year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The notes on pages 9 to 20 form an integral part of these financial statements.
Page 7
## **Rudolf Steiner Press**
## **(Registration number: 2674042) Balance Sheet as at 31 December 2022**
The financial statements on pages 6 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Angus Jenkinson Trustee
The notes on pages 9 to 20 form an integral part of these financial statements. Page 8
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Hillside House The Square Forest Row East Sussex RH18 5ES
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Rudolf Steiner Press meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 9
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Investment income**_
Investment income comprises of bank interest and is recognised on a receivable basis.
## _**Charitable activities**_
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Intangible assets**
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Page 10
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **Amortisation**
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Website
## **Amortisation method and rate**
20% straight line
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Furniture and equipment
**Depreciation method and rate** 25%-33% reducing balance
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Page 11
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **Foreign exchange**
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The Charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the Charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 12
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **3 Income from donations and legacies**
|**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations
1,936
1,936
**4**
**Income from charitable activities**
Book publishing
**5**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**Restricted**
**funds**
**£**
46,465
46,465
**Unrestricted**
**funds**
**General**
**£**
238,004
**Unrestricted**
**funds**
**General**
**£**
483|**Total**
**2022**
**£**
48,401
48,401
**Total**
**2022**
**£**
238,004
**Total**
**2022**
**£**
483|**Total**
**2021**
**£**
36,447|
|---|---|---|---|
||||36,447|
||||**Total**
**2021**
**£**
274,763|
||||**Total**
**2021**
**£**
51|
Page 13
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **6 Expenditure on charitable activities**
|**Note**
Book publishing
Depreciation,
amortisation and
other similar costs
Staff costs
Governance costs
7|**Unrestricted**
**funds**
**General**
**£**
102,231
947
90,355
2,050
195,583|**Restricted**
**funds**
**£**
41,801
-
-
-
41,801|**Total**
**2022**
**£**
144,032
947
90,355
2,050
237,384|**Total**
**2021**
**£**
181,688
1,056
85,603
1,900|
|---|---|---|---|---|
|||||270,247|
## **7 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Accountancy services
**8**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Loss on disposal of fixed assets held for the charity's own
Depreciation of fixed assets
Amortisation of goodwill|**Unrestricted**
**funds**
**General**
**£**
500
1,550
2,050
use|**Total**
**2022**
**£**
500
1,550
2,050
**2022**
**£**
43
671
233|**Total**
**2021**
**£**
480
1,420|
|---|---|---|---|
||||1,900|
||||**2021**
**£**
5
771
280|
Page 14
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **9 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
Trustees travel expenses to meetings has been reimbursed in the year £38 (2019 - £22)
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2022**
**£**
77,090
7,596
5,669
90,355|**2021**
**£**
71,028
8,908
5,667|
|---|---|---|
|||85,603|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|**2022**
**No**
Charitable activities
6
The number of employees whose emoluments fell within the following bands was:
**2022**
**No**
£70,001 - £80,000
-
£90,001 - £100,000
1|**2021**
**No**
7|
|---|---|
||**2021**
**No**
1
-|
## **11 Taxation**
The charity is a registered charity and is therefore exempt from Corporation Tax.
Page 15
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **12 Intangible fixed assets**
|**Cost**
At 1 January 2022
At 31 December 2022
**Amortisation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**13 Tangible fixed assets**
**Cost**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
Eliminated on disposals
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**14 Stock**
Stocks|**Website**
**£**
1,400
1,400
1,167
233
1,400
-
233
**Furniture and**
**equipment**
**£**
8,466
249
(64)
8,651
6,336
671
(21)
6,986
1,665
2,130
**2022**
**£**
86,398|**Total**
**£**
1,400
1,400
1,167
233
1,400
-
233
**Total**
**£**
8,466
249
(64)
8,651
6,336
671
(21)
6,986
1,665
2,130
**2021**
**£**
81,624|
|---|---|---|
Page 16
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **15 Debtors**
|Trade debtors
Prepayments
Accrued income
VAT recoverable
Other debtors|**2022**
**£**
71,163
985
715
1,821
2,114
76,798|**2021**
**£**
80,313
913
520
2,672
2,161|
|---|---|---|
|||86,579|
## **16 Cash and cash equivalents**
|**16 Cash and cash equivalents**|||
|---|---|---|
|Cash on hand
Cash at bank|**2022**
**£**
15
200,484
200,499|**2021**
**£**
12
160,449|
|||160,461|
## **17 Creditors: amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals
**18 Creditors: amounts falling due after one year**
Other loans|**2022**
**£**
20,345
16,261
5,265
1,423
43,294
**2022**
**£**
74,105|**2021**
**£**
32,393
14,877
9,588
1,607|
|---|---|---|
|||58,465|
|||**2021**
**£**
74,105|
Included in the creditors are the following amounts due after more than five years:
|After more than five years not by instalments|**2022**
**£**
74,105|**2021**
**£**
74,105|
|---|---|---|
## **Other loans after five years**
Creditors due after five years comprises a loan of £74,105 from the Anthroposophical Society in Great Britain, which is long term, interest free and unsecured, and repayable only in the event of the company being wound up.
Page 17
## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **19 Obligations under leases and hire purchase contracts**
## **Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|**Land and buildings**
Within one year
Between one and five years|**2022**
**£**
8,748
21,141
29,889|**2021**
**£**
8,748
29,889|
|---|---|---|
|||38,637|
## **20 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,669 (2021 - £5,667).
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## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **21 Funds**
|**Unrestricted**
**_General_**
General fund
**Restricted**
R S Foundation
Anthrosophical society
Hermes
Mohel
Artists Projects
Shipman
Masters
Dance
**Total restricted**
**Total funds**
**Unrestricted funds**
**_General_**
General fund
**Restricted**
Audio books
R S Foundation
Anthrosophical society
Masters
Dance
**Total restricted funds**
**Total funds**|**Balance at 1**
**January 2022**
**£**
175,656
10,998
3,053
-
-
-
-
5,000
3,750
22,801
198,457
**Balance at 1**
**January 2021**
**£**
150,103
100
3,288
3,951
-
-
7,339
157,442|**Incoming**
**resources**
**£**
240,423
13,965
12,500
7,000
5,000
3,000
5,000
-
-
46,465
286,888
**Incoming**
**resources**
**£**
282,794
-
9,121
10,597
5,000
3,750
28,468
311,262|**Resources**
**expended**
**£**
(195,583)
(10,998)
(7,053)
(7,000)
(5,000)
(3,000)
-
(5,000)
(3,750)
(41,801)
(237,384)
**Resources**
**expended**
**£**
(257,241)
(100)
(1,411)
(11,495)
-
-
(13,006)
(270,247)|**Balance at 31**
**December**
**2022**
**£**
220,496
13,965
8,500
-
-
-
5,000
-
-|
|---|---|---|---|---|
|||||27,465|
|||||247,961|
|||||**Balance at 31**
**December**
**2021**
**£**
175,656
-
10,998
3,053
5,000
3,750|
|||||22,801|
|||||198,457|
The specific purposes for which the funds are to be applied are as follows:
Restricted funds arise from donations received to fund the publication of certain books.
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## **Rudolf Steiner Press**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **22 Analysis of net assets between funds**
## **Unrestricted**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**General**
**£**
1,665
336,230
(43,294)
(74,105)
220,496
**Unrestricted**
**funds**
**General**
**£**
233
2,130
305,863
(58,465)
(74,105)
175,656|**Restricted**
**£**
-
27,465
-
-
27,465
**Restricted**
**funds**
**£**
-
-
22,801
-
-
22,801|**Total funds at**
**31 December**
**2022**
**£**
1,665
363,695
(43,294)
(74,105)|
|---|---|---|---|
||||247,961|
||||**Total funds at**
**31 December**
**2021**
**£**
233
2,130
328,664
(58,465)
(74,105)|
||||198,457|
## **23 Related party transactions**
During the year the charity made the following related party transactions:
## **Trustees Services**
Trustees Margaret Jonas has received £740 (2021 - £588) for proofreading titles and Simon Blaxland de Lange £7,054 (2021 - £7,005) for translating titiles, both prepublication at rates comparable with other providers used. At the balance sheet date the amount due to/from Trustees Services was £Nil (2021 - £Nil).
## **Temple Lodge Publishing Limited**
Rudolf Steiner Press Limited is connected to Temple Lodge Publishing Limited by the fact that the companies share a common manager in Sevak Gulbekian, office and associated costs (provided free of charge to Temple Lodge Publishing) and trustee (Margaret Jonas). They also have similar objectives.. At the balance sheet date the amount due to Temple Lodge Publishing Limited was £874 (2021 - £Nil).
## **R Faram**
R Faram is the partner of Sevak Gulbekian (company secretary) and provided proof reading services in the year £205 (2021 - £nil) at the same agreed rates as other proof readers used. . At the balance sheet date the amount due to/from R Faram was £Nil (2021 - £Nil).
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