REGISTERED CHARITY NUMBER: 1061244
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2023
for
The John Wernham College of Classical Osteopathy
McLean Reid Chartered Accountants
1 Forstal Road Aylesford Kent ME20 7AU
The John Wernham College of Classical Osteopathy
Contents of the Financial Statements for the Year Ended 31 December 2023
| 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 |
The John Wernham College of Classical Osteopathy
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives for which the charity was established, as set out in its Trust Deed, are
-
to provide education and training for students and graduates in osteopathy.
-
to provide and maintain a clinic or clinics for the treatment of those in need of osteopathy.
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to carry out research into and develop the methods and practice of osteopathy and to disseminate the useful results of such research for the public benefit.
-
to lay the foundation of a charitable hospital to be called "The Littlejohn Memorial Osteopathy Hospital" (in honour of the late John Martin Littlejohn, founder and Dean of the British School of Osteopathy).
The trustees delegate the day to day responsibility for organising the charity's activities to the clinic administrator.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continues to provide the charitable activities as detailed above.
Until suitable premises are located for the memorial osteopathy hospital, the trustees have taken the decision to invest some of the charity's contingency fund into investment properties as the return on these investments are considered better than holding the money in cash deposits at the bank.
Fundraising activities
The fundraising activities of the charity are primarily the provision of donations from patients receiving osteopathic treatment.
FINANCIAL REVIEW
Principal funding sources
As stated above the main source of income for the charity are the donations it receives for providing osteopathic treatment to patients along with interest it has received on its contingency fund.
Reserves policy
The charity has a reserve fund, which has been set aside as a contingency fund to realise the Trust Deed objective of establishing a charitable hospital.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity operates under a Trust Deed dated 30th September 1991 revised by a supplemental Trust Deed dated 22nd January 1997. This supplemental Trust Deed was approved by the Charity Commission under the new registered number 1061244 with effect from 13th March 1997.
Recruitment and appointment of new trustees
In the event of any of the current trustees resigning, the remaining trustees would look to a further appointee who has shown interest and commitment over several years towards the college.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1061244
Principal address
30 Tonbridge Road Maidstone Kent ME16 8RT
Trustees
Ms G Roots Mr M Somers Mr J Musker
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e John Wernh of Clas l Osteo l of the Trustees for thQr Ended 31 Decèm er 202 REFERENCE AND ADMINISTRATIVE DEfAILS Indop•ndent Examln•r J R Charnpn FCA McLean Reid Chartered Accountants 1 Forstsl Road Aylesfryd Kent ME20 7AU Approved by order of the board of trustees on 28 October 2024 8fKI signed on ts behall by: Roots- Twstee Page 2
Inde endenl Examiner's Re ort to the Trustees of The John Wernham Coll of Classical Osteo alh Indep•ndgnl examlnefs report to tho trustèès of Tho John Wernham Colleg• of ClasGlcal Osteopathy I report to the charity trustees on my examination of Ihe accounts of The John Wemham College of Classical Osteopathy (the Trust) for the year ended 31 Decembor 2023. Responslblllllg$ and basis of report As the chartty trustees of the Trust you are rèsponsible for the preparation of tr)è accounts in accordance with the requirements of the Charilies Act 2011 Ilhe Acr). I rèport in respect of my examination of the Trusts accounts carried out under Section 145 of the Act and in canyng out my examination I have followed all applicable Directions gNen by Ihe Charity C(mmi8sion under Section 145(5)Ib> 01 th8 Independonl examlnerf$ statement I have completed my examination. I confinn that no malerial matters have come to my attention in Connec1 with th8 examination giving me cause lo beli8vè that in any material respèct.. accounting re¢ords were not kept in respect of the Trusl as re(wired by Section 130 of the Acl: or the accounts do not accnrd with those records: or the accounts do not comply with the applicable requirements concerning the form and nIent of accounts set out in the Charities (Accounts and R8POrtsl Regulations 2008 other than any requirement that the accounts giv& a true and fair view which is nol a matter consKlered 8$ part of an independent èxamination. I have concems and have c¢)me across no other mattèrs in connection with thè examination to which attention should be drawn in this report in order to enable 8 proper understaTrJng of the actx)unts to be reacl)ed. J R ChampKJn FCA McLean Reid Chartered Accountsnts 1 Forstal Road Aylesford Kent ME20 7AU 29 October 2024 Page 3
The John Wernham College of Classical Osteopathy
Statement of Financial Activities for the Year Ended 31 December 2023
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities Osteopathy Rental income Other Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted funds £ 4,953 33,153 38,106 4,917 56,481 3,519 3 64,920 - (26,814) 1,685,449 1,658,635 |
2022 Total funds £ 4,257 32,658 36,915 1,929 42,022 12,439 (9) 56,381 187,824 168,358 1,517,091 1,685,449 |
|---|---|---|
The notes form part of these financial statements
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hn Wernham Colle of Classical Osleo ath Balance Sheet 31 Dece er 2023 2023 Unrestricted funds 2022 Total funds Notss FIXED ASSETS Tangible assets InvÈstrnent propety 738,187 882,954 746,839 882,954 1,621,141 1.629.793 CURRENT ASSETS Debtors Cash at bank 4,534 37,701 7,404 56,390 42,235 63,794 CREDrroRS Amounts falling due wilhii one year 10 <4.7411 18.1381 NET CURRENT ASSETS 37,494 55,656 TOTAL ASSETS LESS CURRENT UABILITIES 1,658.635 1,685,449 NET ASSETS 1.658,635 1.685,449 FUNDS Unrestricted funds 1,658,635 1.685,449 TOTAL FUNDS 1,658.635 1,685.449 The financial statements Vre approved by the Board of Truste8s and authorised for k8sue on 28 October 2024 and were slgned on its behalf by.. Roots- The notes fomi part ofthese finan(aal statements Page 5
The John Wernham College of Classical Osteopathy
Notes to the Financial Statements for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery - 10% and 15% on cost
Freehold property within land and buildings are shown on the balance sheet at fair value less accumulated depreciation.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Sale of books and dvds | 4,953 | 4,257 |
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The John Wernham College of Classical Osteopathy
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
3. INVESTMENT INCOME
4.
| Rents received Interest receivable RAISING FUNDS Investment management costs Rent collection |
2023 £ 32,717 436 33,153 2023 £ 2,132 |
2022 £ 32,605 53 |
|---|---|---|
| 32,658 | ||
| 2022 £ 891 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Administration | 1 | 1 |
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 Additions At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Freehold property £ 872,476 - 872,476 127,783 8,725 136,508 735,968 744,693 |
Plant and machinery £ 12,459 630 13,089 11,532 472 12,004 1,085 927 |
Fixtures and fittings £ 6,983 - 6,983 5,764 85 5,849 1,134 1,219 |
Totals £ 891,918 630 |
|---|---|---|---|---|
| 892,548 | ||||
| 145,079 9,282 |
||||
| 154,361 | ||||
| 738,187 | ||||
| 746,839 |
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The John Wernham College of Classical Osteopathy
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
8. INVESTMENT PROPERTY
£
| FAIR VALUE At 1 January 2023 and 31 December 2023 AMORTISATION At 1 January 2023 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 Fair value at 31 December 2023 is represented by: Valuation in 2022 Cost |
981,031 |
|---|---|
| 98,077 | |
| 882,954 | |
| 882,954 | |
| £ 146,471 834,560 |
|
| 981,031 |
The investment properties held by the charity are carried on the balance sheet at insurance re-instatement valuation.
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Accrued income Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2023 £ 2,028 1,330 1,176 4,534 2023 £ 1,081 - 3,660 4,741 |
2022 £ 4,491 - 2,913 |
|---|---|---|
| 7,404 | ||
| 2022 £ 3,002 4 5,132 |
||
| 8,138 |
| 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 1,685,449 1,685,449 |
Net movement in funds £ (26,814) (26,814) |
At 31.12.23 £ 1,658,635 |
|---|---|---|---|
| 1,658,635 |
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The John Wernham College of Classical Osteopathy
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,106 | (64,920) | (26,814) |
| TOTAL FUNDS | 38,106 | (64,920) | (26,814) |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.22 £ 1,517,091 1,517,091 |
Net movement in funds £ 168,358 168,358 |
At 31.12.22 £ 1,685,449 |
|---|---|---|---|
| 1,685,449 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 36,915 36,915 |
Resources expended £ (56,381) (56,381) |
Gains and Movement losses in funds £ £ 187,824 168,358 187,824 168,358 |
Gains and Movement losses in funds £ £ 187,824 168,358 187,824 168,358 |
|---|---|---|---|---|
| 168,358 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.22 £ 1,517,091 1,517,091 |
Net movement in funds £ 141,544 141,544 |
At 31.12.23 £ 1,658,635 |
|---|---|---|---|
| 1,658,635 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 75,021 | (121,301) | 187,824 | 141,544 |
| TOTAL FUNDS | 75,021 | (121,301) | 187,824 | 141,544 |
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The John Wernham College of Classical Osteopathy
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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