REGISTERED CHARITY NUMBER: 1061244 ofth•T Unaudltsd Flnaneknl Ststsm•r for hn 8lcal Ostso McLean Rehy Chartered Accountants 1 For5ts1 Ro8d AYsfor Kent ME20 7AU
The John Wemham College of Classical Osteopathy
| **Content of the Financial Statement ** | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| Page | ||
| Repor of the Trustees | to2 | |
| Independent Examiner's Repor | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Sttement | 6 | to10 |
The John W•m of Cla 8leal 08to0 th Tru•t•6• rth• Yfrar Endgd 31 The lSte8$ present thr r8port wth the finanaal 6tstement¥ of the tharty for year eTh(Jed 31 Decerntrer 2022. TI trustees have adopted tre pwons ol Aeithntsng and Reporting by Chare$. Stat•m•nt of Recommended Pract applicable to thantss prapanThJ troir acLunts in acrdn wilh th¢ Finarrial R8POrting Standard applicab in the UK and Republic of Ireland IFRS 1021 leffpetwè 1 J8nuary 20191. OBJECTIVES AND ACTIVITrES Objectkn and 41m• Tha obi8ctiv&s forwhith the charty was e5tsb1i¥Pd, as sèt out in its Trust Deed, are 1. to FKovide uCtib and trainirg for Students and graduate5 in Osteopathy. 2. to providg and maintain a ordinKs forthe treatment of those in figed of ostaopathy. 3. to earry out research into and de¥elcy the rnethGd5 aTrd practicè ol osteopathy and io di&winate the useful resuts of such research forthe trfft. 4. to lay the foundation of a tharitabl8 hospital to te called Yhe Liweiohn Mernorial O$t8opathy Hosprtaf. lin honour of the late John Marb'n Lrtttejthn, founder and Dean of the 8ntish S¢hool of Osteopathyl. TIKtJuslees delats th8 day to day reSbIl for rAganising tho ¢harW$ a¢tiwti'es to th8 dinic administrator. ACHIEVEMENT AND PERFORMANCE Chartlablg ¥rYvlU•s The charity continues to prowde the thbI athvits as dètai18d at)Ve. Unbl suitatl8 premi5 are k)cat8d for thg mamorial osteopathy hosWI, the trustses have 18k8n the deasn to invèst sonw of the chariws contirMJenry fvnd ir510 invèstrnènt prtWi8S As the rebjm on these investrnents are consideftd better than holdiry the money in ¢ash tsposts atth8 bank. FundrnSsing activlilos The hJndr8i$ing activtties of thè d)arity arè prnanty the provis¢on ol donats'ons frryn pats'ents rec8iwng osteopathic tr88tsnent FINANCIAL RP41EW Prlnclpxl fundlng $oure•s As stated above the main sourcè of incomè lor thè charty are the rt)nations it reIVeS for provKling osteopathi trethentto patsts ak)ng vith interest it has receNed on its contingenw fv Rwrvoa poll¢y The charty has a reser fvnd, whic has Lwn set asKlg a IxyrtlrénCy fuThJ to roalis• tho Trust Deed C'e. ol •$tablishirKJ a c4)antab hospital. STRUCTURE, GOVERNANCE AND NAGEMENT Gov•mlng documont The charity wrat&s a Trusl l)8•J dated 30th Septemter 1991 mised by 8 suFpenl Trust 088d datèd 22nd January 1997. Thi4 supplemental Trust D8 w88 opprov¥d by fv Charfty Commission under the new register&Y numbar 11244 with •ffoct frcrn 13th March 1997. R•¢rultrnont and appolnlm•ntof nwtru8t• In the event of any of the Cxjfrent trustees rgsiglling. thg r8rnainiw trStÈ•S would lock to a furthw apwjintee who has $h¢ywn interest and commthntoverseveral years towards the cdlege ReFERENCE AND ADMINISTRATIIIE DETAILS R•gl¥tsred Charlty numbor 1061244 prtnclpal addr¥ 30 Tcbndg0 Road Mawjst Kent ME188RT Ms G Roots Mr M Somèrs Mr J Musker Page 1
The John Wernh8m CollB of sleo alh ort ol the Tr for the Year Ended 31 D mber 2022 REFERENCE AND ADMINISTRATIVE DEfAILS 1ndwrent Ex*mln•r J R Champion FCA McLgan R?Kl Chartered Acc(yJntants 1 For¥tsl Rood Afvsford Kant ME20 7AU Approved by order of thg brd ¢rftruSte on 29 S•pteNkner 20fJ and slgnBd on Is boh81 by.. Ms oot8. Trustee Page 2
nd•nt Exarnlng Th• John W mham Coll of Cla••lcal IndepenntoXaminerfs rgPQrt to the lJusts•• ofThJohn Wornharn CoM•g• of Cla•sl¢al Ost•op•thy l POrt tri thè thanty trSt on my exafflinab'on of the accounts of The John Wèmham College of ClassrAI Osteopathy (the Tntstl forthe year ended 31 Deember 2022. Rospon8lbMWw and b#1• ol r•port As lh charrty trust80s of the Trust you are responsiblo for pr•paration of thè accounts in ac4>)rdance hwth the req1[ements of the Chanties Acl 20111'thè Arti. I rem in respect of my •x1n.0fi of th8 Trusfs accounts carried out under Section 145 ol thg Act and in carrying out my examination I have followed all 8pplicatJe Dir•dion8 gi%en by th& Charty Commission under Section 14515Xbl of Ihe Act Ind•pgndgnt•xamln•rf• tatsm•nt I have rJ)rry)leted rny èxaminaton. I confinn that no material mattern have corre to my attenb.on In eonn8con axamination giwro me cause lo belYdW that in aw material S[Ct.. accounting record5 %4ere not kèpt in r•sKAd of th8 Trust as reqLMr&J by Section 130 of Ihe Act,. or tre a)Uts do not accord wth thos8 records., or Ihe accounts do not cornply with Ihe applieAtrAè rèquirèments conc8ming the fomi and o)ntent of accLJunts 58t out in th& Charities (Accounts and Reports) RegLslations 2008 other Ihan any rgquirement Ihat the accounts give a true and tsir whith ts not a mattw CL)nsthr•Y as part ofan iThJependent examinath)n. I ha¥e no ar¥J hav& C(¥ across no other matters in connection wth Ihe exarninab'on to attsntiort $Uld be drawn in this report in order to enab 8 proper undÈrstanding of the aecounts to rtaeh8d. J R ChOn FCA McLean Rek Ch*tèrèl A(£ountants 1 Forstal Roaj Aylg$ford ME20 7AU 2 O¢tober 2023 Pago 3
Th• John Wernham Coll of Cla#¥iul OBtso th entof Fln SalA forth• Y•ar End•d 31 Ooc•mb•r 2022 2022 Unrestricted nds 2021 Total fvnds Notes INCOME AND ENt)07•YMENTS FROM Donations and legac$ 7,828 Other trading acbwbes Invostsngnl Ir0[9 4,257 3,702 27,922 Total 36,915 39,452 EXPENDuRE ON Raising funds 1.929 Charhble acllvFtle• Osteopathy Rental cOme 42,022 12,439 65.417 2,421 Olher 191 12 Total $6,381 68.914 Net gains on invg8lments 187.824 NET INCOIIIEIFXPENDITURE} 168,358 129,4621 RECONCILIATION OF FUNDS Tolal fun(ts brought forward 1,517.1T&1 1.546,553 TOTAL FUNDS CARRIED FORWARD 1,885,449 1,517.091 notes form part oftsse financAal stat8m8nts Pagè 4
hn of Classical Ostèo ath Balance Sheet 31 December 2022 2022 UnStrIcted Nls 2021 Total frjnds FIXED ASSETS Tanglble a$8ets InVestnI wopwty 746,839 882,954 755,040 695,130 1.629,793 1,450,170 CURRENT ASSErs 7.404 58,3 5.017 Cash d bank 63.794 71,722 CREDrroRS Amounts f8llrg du• vAthii one yo•r 10 {8.1381 14,801) NET CURRENT ASSETS SS,656 66.921 TOTAL AS8ETS LES8 CURREIIT LWILITES 1,885,449 1A17,091 ASSErs 1,685,449 1,517.091 FUNDS iknre8lrkAedfunds 11 1.685.449 1.517,091 TOTAL FUNDS 1,685.449 1.517.091 The ffinandal stalennts re •Nxoved by Ihè Board of Tnl••$ and ¥uthorW for Issuo on 29 SVptsrnr 2023 and r• gned on Ms beh8Wby: MSG ts. Tru*8& Th• ThJt•s fomi part ofth888 ffinancial st•temerts Page 5
ol Cla8slcal (htso e Flnanclal Staternents fortho Year Endgd 31 Docofflbgr 2022 ACCOUTrITING POUCIES B8818 of pY•partng thg flninelAI •tatom•nts Th9 financi81 statwnents of thg Chaiity, which is 8 pu1¢ ben?fft gntity undw FRS 102. halt prepared in accordan wth the Charities SORP IFRS 1021 'Aco)unting and Reportiw by Charibes.. Ststement of Recornrnended PractKe 8p[Al¢ab to ¢harties prep8riW their a¢¢ounts irn 8¢¢orfan¢o with the Fin8n¢ial ReportiTrJ Standard applicable in the UK and Republic ol IrelaThJ IFRS 1021 leffecaNe 1 January 20191,, Financial R&portiry Stsndar¢ 102 'The Financlal R8portiro Standard applicab in the UK and Republic of Ireland, and ihe ChtieS Act 2011. The financial statements ha been prepar•Y under the historical o)st nVents'on. as mOdid by thè ravalu8tK)n ofeart8in aal8. Ineom• All inm 1$ re(x)gnise(J in the Ststemenl of Finanu81 Acbvitw on(% th& tharity has entilomenl to the fvnds. f( is probab that the irKome will be receiv and the amount can te measured reliably. EXnditUrn Liabilities are recognised 85 expenditure as soon as there 15 a bgal or ctJnstrucive obligabon cornmitting the charity to that expBfKlrtur&, it Is protsab that a transfer of econom beneffts will bè requirtd in s¢tUgm¢nl and the omount of the oblvJation ran bg rneasu reliably. EXpeThjitu B acwunted for on an accxua13 baws and has been dassifi&J under headings that gregate all cost latl to the category. ere eosts cannot be direcdy attrittsd to partICLr headiTV8 they have been all¢xth to tivit5 on a basis consism wth the use ol re50UmS. Tangtbl• fixod 4#8•ts Dekwation is prowded atthe followng annual rates in order to write off each asset over its estimated useful life. Lar¥J alld buifvJing5 Plant and machinery -1%On&t - 10%and 15%cfficost FhOkI propèrty wthKI land and tlId1J9 ore 3hown Gn the balance shegt at tsir value $3 awumulated depreryatk)n. Imieslment prop•rty Investment property is shown at rnost recent ValuatiC. Any aggragato surplus or defiat arIng trom d)ang&s in fair Val Is recognis8d In tho Stsl8mont of Financial Actwth"•s Taxallon Th& charity is exernpt frorn tax on its charitable actmtss. Fund Aceountlng Unrtrstricby fvfids can te used in accx)rdance vthh th8 challtable ltiVeS at the diSc"0n ofthe tnksteos. P•n8lon costs and oth•r po8t4•Or•mwt bon•lhs The Charity opeTatss a defined contributioTh pension scheme. Contributi¢$ payabla to Ihè thanty's pgnsK)n scheme are carged to the Statam*tt of Finana81 Activibès in thè pèriertl to whith ty relate. OTHER TrADING ACTIVITIES 2022 2021 Sale of bcKJks and OWS 4.257 3,702 Pago 6 conb'nusd...
Th• John Wwnh la8slcal Fln forthD Year nclal Ststom - Gonllwed r 2022 WIsTENT INCOME 2022 2021 Rents rece Int•mst re1V#e 32.605 27,913 32.658 27,922 RAISING FUNDS 1rtytsnent manag•m•ntco8ts 2022 2021 Rent cc41edon 891 1.056 TRUSTEES. REMUNERATION ANO BENEFITS There were no tr(k$t, r¥mUraOn Gf Otr benefits for lh¥ year ended 31 December 2022 nor for the year 31 Decertjer 2021. Trt••' exp•M Thère were no tnJ5tees' expensos p8id for the yeai 8mJ8d 31 DeMLr 2022 nor for the year ended 31 Dat)bel 2021. STAFF COSTS The avw monthly number olemployees during th8 y8ar was as foll(Ms". 2022 2021 Administration No •mpbyè#5 recwved #i excss of£60.(. TANGIBLE FIXED ASSETS Fixbjres and fitb.ngs Fr88hokJ propty PLint and machinery Tot81$ COST At 1 January 2022 Adth'tions 872.476 11,351 1.108 6,983 890.810 1.108 At 31 Decemt4r2022 872.476 12,459 8,963 891.918 DEPRECIATION At 1 Janu8ry 2022 Charge lor year 119,059 8,724 11,152 380 5,559 205 135,770 9,309 Al 31 Drnber 2022 127,783 11,532 5.764 145,079 NET BOOK VALUE At 31 Dee8mLr 2022 744.693 927 1,219 746.839 At 31 DeCtr*r2{y2l 753.417 1.424 755,040 Page 7 conts"nuod...
Tho JohnW•mh m C 11 of ClaB8lcal • Flnanclal Ststsm•n forthe Y•ar Endad 22 INVESTIENT PROPERTY FA VALUE At 1 January 2022 Revaluation 146.471 At 31 Clecember 2022 981.031 AMORTISATION At 1 January 2W22 Reveal ofimp8im)w 139.430 141,3531 At31 December2022 98,077 NET BOOK VALUE At 31 Dernr 2022 882, At31 Dgwb&r2021 95,130 FaIrVal at 31 Docbar 2022 Is by". Valuaticn in 2022 Cost 146,471 834.560 981,031 in%$trnenl propertieB hekj ty the carity are carr on tha balaw Sheet at Insuran rfrinstaternent valuation. DEBTORS: Al)uPs FALLING DUE IMTHIN ONE YEAR 2022 2021 Other debtN5 Prepayments 4,49f 2,913 2,505 2,512 5,017 10. CREDITORS: AMouNfs FALUNG DUE WITHIN (hYE YEAR 2022 2021 Trade credrtors Taxabon and socK41 seujrity Other creditors 221 4.580 5.132 8,138 4,801 11. MOVEhENT IN FUNDS Net movamènt in ftjnds A11.1.22 31.12.22 Unrn8trlcted fund8 Gthral fvnd 1.517.091 168,358 1,685.449 TOTAL FUNDS 1,517,091 168,358 1,685.449 Pa*8 ntinu8d...
Th• John Wgrnham C 11990 fc l O¥tso Nots FlnancLal StAtsm•n 1orth• Y•ar En nued 11. MOVEME1 IN FUNDS- ¢ontlnued N8t mov8mènt in fil. IndY& in the above are as Id1.. Incoming resources Rasourtss exFend&J Gains and Movement in fvThJs Unr•strletsd fund• General fund 36,915 158,3811 187,824 168,358 TOTAL FUNDS 36,915 156.3811 187.824 168,358 compara¥ for m4)v•ment In fund¥ Ngt movernent In funds At 31.12.21 At 1.1.21 Unr•sbfetgd fund Gemral fund 1,546,SS3 129,4621 1.517.091 TOTAL FUNDS 1,546.553 129,4821 1,517,Cpa1 Compar"w not momènt in luThds. Ind ITr the above are as fc41ows'. Incuning resour R8sourtss expend8d Movernent in fvnds Unr•strletsd funds General fvnd 39.452 168,9141 129,4621 TOTAL FUNDS 39,452 168,9141 129.4621 A pJrtent ygar 12 rnonths and prior year 12 months (y)mbinad posth.on is as fdlow3'. Net movement in fvnds Al 31.12.22 A11.1.21 Unr••trfctgd fund• Ganèrydl lund 1,546,553 138.896 1.e85,449 TOTAL FUNDS 1,546,553 138.896 1.685.449 A ojrrent Or 12 months and prrf)r year 12 months combined not mowmnt in nds, induded in the above ara as follrvNs.' Incoming Rosourc£ expeThJed Gains and losses Mov8m8nt in ftJnd$ Unr•$trl¢t•d fund• Gereral hjnd 76.367 1125,2951 187.824 138.89S TOTAL FUNDS 76.367 1125.2951 187,824 138,896 Pag& 9 L>Xtinued...
ol Cla88Scal Osteo Nots8 to the Flnanclal Ststoments- conllnued for th• Y•ar Endgd 31 Dgcombgr 2022 12 REL4TED PARTY DISCLOSURES There were no rdated party traTWCtions for the year ended 31 December 2022. P&Je 10