Company registration number: 2818693 Charity registration number: 1022035
Temple Lodge Publishing Limited
(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
Temple Lodge Publishing Limited
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 19 |
Temple Lodge Publishing Limited
Trustees Report
Reference and Administrative Details
Trustees Michael Fuller Richard Masters (resigned 21 April 2022) Jacqueline Courtnenay Margaret Jonas (appointed 21 April 2022) Jeremy Smith (appointed 21 April 2022)
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 2818693 Charity Registration Number 1022035 Bankers Santander BBAM Bridle Road Bootle G1R 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 Temple Lodge Publishing Limited 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
Temple Lodge Publishing Limited is a company limited by guarantee governed by its memorandum and articles of association. It is registered as a charity with the Charity Commission.
Page 1
Temple Lodge Publishing Limited
Trustees Report
Appointment of trustees
Trustees are appointed from among the members of the charitable company.
Training and Induction of Trustees:
Trustees are selected for their knowledge of Rudolf Steiner’s philosophy 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 a part-time manager, editor and publisher. The board of trustees meets twice a year to discuss progress.
Related parties
Temple Lodge Publishing Limited is connected to Rudolf Steiner Press by the fact that the companies share a manager (Sevak Gulbekian) and office (provided free of charge by Rudolf Steiner Press) 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
The principle object of the charity as outlined in its memorandum and articles of association is the production and distribution of books relating to anthroposophy and spiritual science as expounded by the late Dr Rudolf Steiner, and to make such works available through appropriate channels.
Public benefit
We provide 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.’ 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.
Page 2
Temple Lodge Publishing Limited
Trustees Report
Achievements and performance
In pursuance of the above objects, the company published 10 new printed books and a further 4 new editions by various authors (with ebooks of selective titles in addition). Further work was accomplished to develop the charity’s links to the media and book trade.
Plans for the future
Consolidating the charity’s on-going growth over the past years, Temple Lodge Publishing seeks to discover new authors and important research for publication, continue developing existing authors, and growing sales and seeking new markets worldwide wherever possible, in order to help disseminate the ideas in our books. We also seek to make available introductory works by contemporary writers that can explain Steiner’s philosophy and teaching to the public.
Financial review
A total of 11,726 books were sold. Given that 2020 and 2021 were record years for sales across the trade, sales were marginally down (from 12,384 units in 2021). Sales, coupled with sponsorship for individual titles raised, ensures that the charity remains in a healthy financial position with sufficient reserves.
Reserves policy
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 £188,429 (2021 - £166,561 ) which the trustees consider to be satisfactory.
Page 3
Temple Lodge Publishing Limited
Statement of Responsibilities
The trustees (who are also the directors of Temple Lodge Publishing Limited 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 22 May 2023 and signed on its behalf by:
......................................... Sevak Gulbekian Company Secretary
Page 4
Temple Lodge Publishing Limited
Independent Examiner's Report to the trustees of Temple Lodge Publishing Limited
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 19.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Temple Lodge Publishing Limited (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 Temple Lodge Publishing Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Temple Lodge Publishing Limited as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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
Temple Lodge Publishing Limited
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 income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 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 19 |
Unrestricted funds £ 19 88,661 399 89,079 (67,350) (67,350) 21,729 21,729 165,554 187,283 Unrestricted funds £ 60 94,099 46 94,205 (53,423) (53,423) 40,782 40,782 124,772 165,554 |
Unrestricted funds £ 19 88,661 399 |
Restricted funds £ 26,428 - - |
Total 2022 £ 26,447 88,661 399 |
||
|---|---|---|---|---|---|---|
| 89,079 | 26,428 | 115,507 | ||||
| (67,350) | (22,796) | (90,146) | ||||
| (67,350) | (22,796) | (90,146) | ||||
| 21,729 | 3,632 | 25,361 | ||||
| 21,729 165,554 |
3,632 9,870 |
25,361 175,424 |
||||
| 187,283 | 13,502 | 200,785 | ||||
| Restricted funds £ 49,425 - - 49,425 (49,094) (49,094) 331 331 9,539 9,870 |
Total 2021 £ 49,485 94,099 46 |
|||||
| 143,630 | ||||||
| (102,517) | ||||||
| (102,517) | ||||||
| 41,113 | ||||||
| 41,113 134,311 |
||||||
| 175,424 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 19.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 6
Temple Lodge Publishing Limited
(Registration number: 2818693) 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 19 Unrestricted income funds Unrestricted funds Total funds 19 |
2022 £ 269 5 274 49,790 32,536 132,307 214,633 (12,737) 201,896 202,170 (1,385) 200,785 13,502 187,283 200,785 |
2021 £ 459 7 |
|---|---|---|
| 466 | ||
| 42,287 34,589 115,916 |
||
| 192,792 (16,414) |
||
| 176,378 | ||
| 176,844 (1,420) |
||
| 175,424 | ||
| 9,870 165,554 |
||
| 175,424 |
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 19 form an integral part of these financial statements.
Page 7
Temple Lodge Publishing Limited
(Registration number: 2818693) Balance Sheet as at 31 December 2022
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 22 May 2023 and signed on their behalf by:
......................................... Michael Fuller Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
Temple Lodge Publishing Limited
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance with applicable United Kingdom Accounting Standards, the Charity Commission 'Statement of Recommended Practice: Accounting and Reporting by Charities' ('SORP 2015') and the Companies Act 2006. A summary of the principal accounting policies, which have been applied consistently, except where noted, is set out below.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
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.
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.
Page 9
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
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.
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
Page 10
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
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 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Page 11
Temple Lodge Publishing Limited
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.
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
Temple Lodge Publishing Limited
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 19 19 4 Income from charitable activities Book publishing 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Restricted funds £ 26,428 26,428 Unrestricted funds General £ 88,661 Unrestricted funds General £ 399 |
Total 2022 £ 26,447 26,447 Total 2022 £ 88,661 Total 2022 £ 399 |
Total 2021 £ 49,485 |
|---|---|---|---|
| 49,485 | |||
| Total 2021 £ 94,099 |
|||
| Total 2021 £ 46 |
Page 13
Temple Lodge Publishing Limited
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 £ 30,636 192 34,622 1,900 67,350 |
Restricted funds £ 22,796 - - - 22,796 |
Total 2022 £ 53,432 192 34,622 1,900 90,146 |
Total 2021 £ 68,983 193 31,491 1,850 |
|---|---|---|---|---|
| 102,517 |
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: Depreciation of fixed assets Website amortisation |
Unrestricted funds General £ 500 1,400 1,900 |
Total 2022 £ 500 1,400 1,900 2022 £ 2 190 |
Total 2021 £ 480 1,370 |
|---|---|---|---|
| 1,850 | |||
| 2021 £ 3 190 |
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs |
2022 £ 32,759 1,863 34,622 |
2021 £ 29,472 2,019 |
|---|---|---|
| 31,491 |
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 | 2021 | |||
|---|---|---|---|---|
| No | No | |||
| Charitable activities | 6 | 5 |
No employee received emoluments of more than £60,000 during the year.
11 Taxation
The charity is a registered charity and is therefore exempt from Corporation Tax.
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 |
Website £ 950 950 491 190 681 269 459 |
Total £ 950 950 491 190 681 269 459 |
|---|---|---|
Page 15
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
13 Tangible fixed assets
| Cost At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 14 Stock Stocks 15 Debtors Trade debtors Prepayments Accrued income VAT recoverable Other debtors 16 Cash and cash equivalents Cash on hand Cash at bank |
Furniture and equipment £ 1,966 1,966 1,959 2 1,961 5 7 2022 £ 49,790 2022 £ 30,496 394 231 1,279 136 32,536 2022 £ (1) 132,308 132,307 |
Furniture and equipment £ 1,966 1,966 1,959 2 1,961 5 7 2022 £ 49,790 2022 £ 30,496 394 231 1,279 136 32,536 2022 £ (1) 132,308 132,307 |
Total £ 1,966 1,966 1,959 2 1,961 5 7 2021 £ 42,287 |
|
|---|---|---|---|---|
| 1,966 | ||||
| 1,959 2 |
||||
| 1,961 | ||||
| 5 | ||||
| 7 | ||||
| 2022 £ 49,790 2022 £ 30,496 394 231 1,279 136 32,536 2022 £ (1) 132,308 132,307 |
||||
| 2021 £ 32,321 230 8 1,638 392 |
||||
| 34,589 | ||||
| 2021 £ 18 115,898 |
||||
| 115,916 |
Page 16
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
17 Creditors: amounts falling due within one year
| Trade creditors Other loans Other taxation and social security Other creditors Accruals 18 Creditors: amounts falling due after one year Other loans 19 Funds Balance at 1 January 2022 £ Unrestricted General General fund 165,554 Restricted Prokofieff - Karsten Massei 3,660 Good Care - Edith Maryon 2,250 A Lord 2,460 A Stott 1,500 Total restricted 9,870 Total funds 175,424 |
Incoming resources £ 89,079 2,500 - 4,500 4,028 - 15,400 26,428 115,507 |
2022 £ 2,074 36 1,188 8,439 1,000 12,737 2022 £ 1,385 Resources expended £ (67,350) (2,500) (3,660) - (6,278) (2,460) (7,898) (22,796) (90,146) |
2021 £ 5,919 53 1,081 8,111 1,250 |
|---|---|---|---|
| 16,414 | |||
| 2021 £ 1,420 |
|||
| Balance at 31 December 2022 £ 187,283 - - 4,500 - - 9,002 |
|||
| 13,502 | |||
| 200,785 |
Page 17
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
| Unrestricted funds General General fund Restricted Karsten Massei Veltam and Mees In Place of the self Hermes, AS in GB, Heilpadagogik und Sozialtherapie Hermes Trust Edith Maryon A Lord S Blaxland D R Langman Alfred Bergel A Stott Total restricted funds Total funds |
Balance at 1 January 2021 £ 124,772 - 1,475 - 4,904 1,000 - 660 1,500 - - - 9,539 134,311 |
Incoming resources £ 94,205 5,000 - 1,000 - - 2,250 1,800 2,300 13,400 4,864 18,811 49,425 143,630 |
Resources expended £ (53,423) (1,340) (1,475) (1,000) (4,904) (1,000) - - (3,800) (13,400) (4,864) (17,311) (49,094) (102,517) |
Balance at 31 December 2021 £ 165,554 3,660 - - - - 2,250 2,460 - - - 1,500 |
|---|---|---|---|---|
| 9,870 | ||||
| 175,424 |
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. The balances at the year end date will finance marketing and printing costs before the respective books are published.
20 Analysis of net assets between funds
Unrestricted
| Unrestricted | |||
|---|---|---|---|
| Intangible fixed assets Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
General £ 269 5 201,131 (12,737) (1,385) 187,283 |
Restricted £ - - 13,502 - - 13,502 |
Total funds at 31 December 2022 £ 269 5 214,633 (12,737) (1,385) |
| 200,785 |
Page 18
Temple Lodge Publishing Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
| Intangible fixed assets Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ 459 7 182,972 (16,414) (1,420) 165,604 |
Restricted funds £ - - 9,820 - - 9,820 |
Total funds at 31 December 2021 £ 459 7 192,792 (16,414) (1,420) |
|---|---|---|---|
| 175,424 |
21 Related party transactions
During the year the charity made the following related party transactions:
Rudolf Steiner Press Limited
Temple Lodge Publishing Limited is connected to Rudolf Steiner Press Limited by the fact that the companies share a common manager in Sevak Gulbekian, office and associated costs (provided free of charge by Rudolf Steiner Press Limited) and trustee (Margaret Jonas). They also have similar objectives. At the balance sheet date the amount due from Rudolf Steiner Press Limited was £874 (2021 - £769).
R Faram
R Faram is the partner of Sevak Gulbekian (company secretary) and provided proof reading services in the year £449 (2021 - £125) 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).
Page 19