REGISTERED COMPANY NUMBER: 02755034 (England and Wales) REGISTERED CHARiff NUMBER: 1020193 ort f th Trustee Stat&m8nt forth Y t8mb8r 2024 or STITUTE PATHY McLean Reld Ch8rtered Ac¢ounlants 1 Forstal Road Aylesford Kent ME20 7AU
THE INSTITUTE OF CLASSICAL OSTEOPATHY
| Contents of the Financial Statements | ||
|---|---|---|
| for the Year Ended 30 September 2024 | ||
| Page | ||
| Report of the Trustees | 1 | to 2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to 10 | 6 to 10 |
THEI TE OF CLASSI STEOPATHY rt of th8 Trust the Year Ended mber 2024 The trustees who are also directors of the charfty for the purposes of the Companies Act 2006, presenl thelr report with the financial ststements of the charity for the year. énded 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Pra¢tl¢e appllcable to charities preparlng Ihelr accounts in accordance wlth, the Financial Rewrting Slandard applicable in the UK and Republic of Ireland (FRS 102) {effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectfves and alms The obiectsves of the charty are the promotion and advanrnent of ctassical osteopathy. ACHIEVEMENT AND PERFORMANCE Charitable actlvttles Durfng the year the Institute ran a large conf&r8nce and graduated the first cohort of diploma students In the UK. It d8vèlop8d and ran a new post graduat8 course in Finland". It also hélped deliver a diploma course In. Italy and a post graduate Course in Spain. In temis of membershlp the Institute had a slight drop In numbers. FINANCIAL REVIEW Princlpal fundlng sources The main sources of income the charity receives are the fees for providing post graduate courses, conferences, workshops, 8tc. and annual subscrlptlon fees. The UK diploma in ¢lasslcal osleopathy course span8 a enty month cycle and seminars are t)ften paid for lust before each seminar. This means that that there can be 6 semlnars In one financial year and 2 in the next which effects financial reportlng. Reserves pollcy The Institute requlres réasonable reserves to fiJnd large gatherlngs of practitioners to develop and dellv&r post graduate courses, conferences, workshops, etc. and generally to enable the delfvery of educational events whlch may not ahvays be self4nancing. Golng ¢on¢em The ICO ha8 invesled resources in developing a presence throughout Europe, fijrther developing relatlonshlps with the Littleiohn Centre In Irèland and the Atlas School of 08teopathy In Finland in particular. The trustees feel that developing Ilnks with likfrminded educaonal Instltutions around Europe is crucial to increaslng tho ICOS reach. In the UK we have successfully ran and completed the first dlploma cours@ and will run a second beglnning in October 2024. We will look at implemenung systems that may enable higher membershlp retention going forwards. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by Its govemlng document, a deed of trust, and constitutes a limited company, limlted by guarants8, as defined by the Companies Act 2006. Rocruitment and appolntment of new trustees In the event of any of the current trustees resigning. the remalning trustees woyld look" to a fvrther app)intee who has shown interest and commllment over sev6ral yéars towards the charity. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02755034 {England and Wales) Reglstered Charity number 1020193 Reglstered offl¢e Tlmber Top 148 Bridge Road Sarlsbury Green Soulhampton Hampshlre S0317EJ Page 1
Tl UTE OF CLASSICAL ort of the Trustees ded 30 Se tember 2024 Trustees Mr C P Batten Tru8tee Mr H Lee Trusts8 Miss B Chaggar Osteopath Mr D Gomez Elayo Osteopath Mr B J Adams Osteopath Mr R M Cathright Chalmian Independent Examiner A M Reid FCA McLean Rekl Chartered Accountants 1 For8tal Road Aylesford Kent ME20 7AU Approved by order ofthe board of trustees on 27 June 2025 and signed on Its behalf by: Mr R M Cathrtqht- Trustee Page 2
dè 8ndent Ex TUTE OF CLAS ort to thè Trustees of Indopendent examine$ report to the trusteos of THE INSTITUTE OF CLASSICAL OSTEOPATHY (Yhe Company I r8POrt to the tharity truste88 on my examination of Ihe accounts of the Company for thè year 30 September 2024. Responslbllltles and bas18 of report As the charivs trustees of the Company (arKI also its directors for the purposes of wmpany law) you ar8 r8sponsible for the preparation of tha 8¢oJunts in acwrdance wlth th8 r8quirements of the Companies Act 20C6 Cthe 2006 ACVI. Having satlsfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2008 Act and are tilgib for independent examlnatEon. I reFOrt In respect of my examlnatlon of your charity's accounts 88 carrfed out under Sectlon 145 of the Charltles Act 2011 I'the 2011 Act). In carying out my examlnatlon I hav6 followed the Dlrections glv&n by the Chadty Commlsslon undar Sactlon 145(5) (b) of the 2011 Acl. Indapondènt examlne*8 8tatsmènt I have completed my examlnatlon. I confiTh that no m8tter8 hav8 come to my attentlon In connectlon wlth th& examlnatlon gtvlng me ¢au88 to bolleve: a¢¢ountlng records were not kept in respect of tho Company 88 requlred ty Sectlon 388 of the 2(106 Act. or the accounts do not accord wlth those records; or the accounts do not comply wlth the accounting requlrements of SOn 396 of the 2006 Act other than any roqulremont that the accounts gfve a tru8 and falr vlew whlch Is not a matter consldered as part of an Independent examlnallon; or th8 accounts have not been prepared In accordance wlth the methods and prfnclples of the Ststsment of Recommended Practlce for accountlng and reportlng by charitles lappllcable to charttles preparing thelr accounts In accordance wlth the Flnandal Reportlng Standard appllcable in the UK and Republlc of Ireland {FRS 10211. I have no ¢oncem6 and h8ve come across no other matters In connectton wllh the examlnation to whlch altenllon 8houkl be drawn In thls report In ordèr to enable a proper understanding of the account8 to be reached. A M Reld FCA McLean Reld Chartered Accountants 1 Forstsl R08d Ay168fi)rd Kent ME20 7AU 27 June 2025 Page 3
HE INSTITUTE OF SSICAL OSTEOP Statem forth Flnancial Activiti Ended 30 Se 024 2024 Unrestricted fund 2023 T¢)tsl funds Notes INCOME AND ENDOWMENTS FROM Donations and legacles 85 Other trading activitles Investrnent income 70.119 354 76,265 125 Total 70,473 76,475 EXPENDITURE ON Ratsing funds 50,365 32,721 Charitable actlvitios Promotion and 8dvan¢ement of classical osleopathy 19,546 13,162 Totsl 69,911 45,883 NET INCOME 562 30,592 RECONCILIATION OF FUNDS Total funds brought fOard 59,843 29,251 TOTAL FUNDS CARRIED FORWARD 60,405 59.843 The notes fom part of these financial statements Page 4
E INSTITUT SICAL OSTE PAT 2024 Unrestricted fur 2023 Total fijnds Noles FIXED ASSETS Intangible assets Tangible assets 13 748 16 878 759 894 CURRENT ASSETS Debtors Cash at bank . 2,945 60,802 2.790 63,096 63,747 65.886 CREDITORS Amounts falllng due within one year 10 (4,101) (6.937> NEf CURRENT ASSETS 59,646 58.949 TOTAL ASSETS LE88 CURRENT LIABILITIES 80,405 59.843 NET ASSETS 60,405 59,843 FUNDS Unrestricted funds 11 60.405 59,843 TOTAL FUNDS 80.405 59.843 The charltable tsjmpany is entitled to exemplon from audit under Section 477 of the Companles Act 2006 for the year ended 30 Septembér 2024. The members have not requlred the company to obtain an audlt of Its financlal statements ft)r the yaar ended 30 September 2024 in acwrdance with Section 476 of the Companies Act 2006. The tnjstees acknowledge thelr re$ponsiblliti8s for (a) ensurlng that the charitable company keeps accounting records that rnpty with Sections 386 and 387 of the Companies Act 20C6 and preparfng financlal statements whith glve a true and falr vl&w of thè statè of affairs of the tharitsble company as at the end of each finala1 year and of Ils surplus or deficii for each financial year in accordanc8 with the requlrements of Sections 394 and 395 and whlch othernlsé comply Nmth the requirements of the Companles Act 2008 relating to financial statements, so far as appllcable to the charltable company. (b) These financlal statements have been prepared In aCrdance th the provisions applicable to chartsble companies subled to small companias reglme. Th8 finandal statements were approved by th8 Board of Trustees and authorised for Issue on 27 June 2025 and were 8lgned on It$ behalf by: Mr R M Carlwrfght- Trustse The notes forn part ofthese finandal statsm8nts Page 5
INSTITUTE OF SSICAL OSTE HY to the Finan Statements or the Year End Ose tember 2 24 ACCOUNTING POLICIES Basls of preparing the flnanclal statements The financlal statements of the charitable company. whlch Is a public benefit entity undèr FRS 102, have been prepared in accordance wlth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Ststement of Rewmmended Practice applicable to charities prepang their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Iland. and the Companies Act 2006. The flnanclal statements have been prepared under the hlstorfcal cost convention. The trustses conslder that there are no materlal uncertainties related to events or conditions that may cast slgnfficant doubt about the ability of the charity to ConnUe as a going con¢6m. Income All Income is recognlsed In the Statement of Flnancial Actlvilies once the charity has 8ntitlement to the funds, It Is probable that the income wlll be recelved and the amount can be measured reliably. xpendltura Llabililies are rg¢ognised as expendllure as soon as there Is a legal or constructive obllgatton committing the charity to that expenditure. il is probable that a Iransfer of economlc ben8flts wlll be required In settlement and the amount of lh8 obligation can be measured rellably. Expenditur8 is accounled for on an accruals basfjs and has been classified under headlngs that aggregate all cost related lo the category. Where cos18 cannot be dlredy attrlbuted to partlcular headings they have b99n allocated to acllvftle8 on a basis con51Stenl wlth the use of resources. Trade marks Amortisalion l¥ provlded at a rate of 15% on reduclng balance In order to wrlle off each asset over it8 &Stlmaled useful Ilfe. Tanglble flxed as80t8 Depreclalion is provlded at th8 following annual rates in order to vfflte off each asset over Its e8timat8d useful life. Plant and machinery 15% on reducing balance Taxatlon The charlty is exempt from corporation tax on Its charitable activities. Fund accountlng Unre8trlcled funds can be used In accordance wlth the charftable objectives at the diBcrelion of the truste&s. OTHER TRADING ACTMTIES 2024 2023 Subscriptlons and meetings Book and video sales Income from course8 held 5,419 1.899 62.801 5,466 8,975 61,824 70,119 76.265 Page 6 conltnued...
THE TUTE OF CLA L OSTEOPATHY otes to the Finan forth Y statements - contin ed30Se temb INVESTMENT INCOME 2024 2023 Interest received 354 125 NET INCOMW(EXPENDITURE) Net Incomel(expendhure) is stated after chargin[credItlng). 2024 2023 Depreciatlon- owned assets Patsnts and licences amorttsatlon 132 155 TRUSTEES, REMUNERATION AND BENEFrr8 Durfng the y8ar. trustees re¢gived £1,784 (2023: £9,773) as lee8 for lecturlng to students. Trnsteg8' ?xponse8 There were no trustO88' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. COMPARATIVE8 FOR THE 8TATEMENT OF FINANCIAL ACTIVITIE8 Unrestdcted fund INCOME AND ENDOWMENTS FROM Donallons and legacles 85 Other tradlng activitte8 Investment income 76,265 125 Total 76.475 EXPENDITURE ON Ra181ng fund8 32.721 Charltabl6 actlvltlo8 Promotion and advancement of cl88slcal osteopathy 13.162 Total 45,883 NET INCOME 30.592 RECONCILIATION OF FUNDS Total funds brought forward 29.251 TOTAL FUNDS CARRIED FORWARD 59.843 Page 7 continued...
INSTITUTE OF CLA TEOPATHY the Financial Statem forth Y ded 30 S6 tember 2 Inued 24 INTANGIBLE FIXED ASSETS Patents Ilc8ncès C08T At 1 October 2023 and 30 September 2024 170 AMORTISATION At 1 October 2023 Charge for year 154 At 30 September 2024 157 NET BOOK VALUE At 30 September 2024 13 At 30 Septsmber 2023 TANGIBLE FIXED ASSETS Plant and machinery COST At 1 Octob8r 2023 and 30 September 2024 14,469 DEPRECIATION At 1 Octobar 2023 Charge for year 13,591 132 At 30 September 2024 13,723 NET BOOK VALUE At 30 September 2024 746 At 30 September 2023 878 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trada debtors 2,945 2,790 10. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Accrued èxpen8e6 4,101 6,937 11. MOVEMÈNT IN FUNDS Net movement in fiJnd8 At 1.10.23 30.9.24 Unrestrlctsd funds General fund 59,843 562 60,405 TOTAL FUNDS 59,843 562 60,405 Page 8 continued...
THE INSTITUTE ASSICAL OSTE Not e Financial Stat for the Year End Ose ents - contlnued tember 2024 11. MOVEMENT IN FUNDS - contlnued Net movement In funds, included in the above are as follows.. Ino?ming resources Resources expended Movement in funds Unrestrlcted fund8 General fund 70,473 169.9111 562 TOTAL FUNDS 70,473 {69,911) 562 Comparatlvo8 for movement In fund8 Net movement in funds At 1.10.22 At 30.9.23 Unrnstrlct•d funds General fund 29,251 30,592 59.843 TOTAL FUNDS 29,251 30,592 59,843 Comparative not movement In fijnds, included In the above are as follows.. Incomlng re80urcas Resources expended Movement in funds Unrestrlctsd funds General fund 78.475 (45,883) 30,592 TOTAL FUND8 76,475 145,883) 30,592 A current year 12 months and prfor year 12 months combined position Is as follows: Net movement In funds At 1.10.22 At 30.924 Unrestrlc10d fund# Gener81 fund 29,251 31,154 60,405 TOTAL FUNDS 29.251 31,154 60,405 A current year 12 months and prb)r year 12 months comblned net movemenl In funds, inctuded in the above are as follows: Incoming resources Resoue$ expended Movement in funds Unrestricted funds General fund 146,948 (115,794) 31.154 TOTAL FUNDS 146,948 1115,7941 31.154 Page 9 conttnued...
THE INSTIT F CLASSICAL THY e Financial Stat for the Year En 30Se Continued tember 2024 12. RELATED PARTY DISCLOSURES Related paty transactlons are recorded in note 5 to the financial statements. Page 10