**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
1. to provide education and training for students and graduates in osteopathy.
2. to provide and maintain a clinic or clinics for the treatment of those in need of osteopathy.
3. 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.
4. 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
Page 1
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
Page 4
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|
Page 6
continued...
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|
Page 7
continued...
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|
Page 8
continued...
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|
Page 9
continued...
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.
Page 10