Registered number: 3631445
Charity number: 1072976
THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
Trustees. responsibilities statement
Report on corporate governance and intemal control
Independent auditors. report on the financial statements
Statement of financial activities
Balance sheet
16
Statement of cash flows
17
Notes to the financial statements
18-34

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
P Grant (resigned 16 September 2024)
C Weber (resigned 16 September 2024)
R Rogers
P Hamilton
N Freedman
C Henaghan
M B Bennett
C. Fanning-Tichbome.
F Jackson
M Parry
Company registered
number
3631445
Charity registered
number
1072976
Registered office
13 Futzehill Road
Borehamwood
Hertfordshire
WD6 2DG
Principal
P Hamilton
Independent auditors
Nyman Libson Paul LLP
Chartered Accountants
Registered Auditors
124 Finchley Road
London
NW3 5JS
Bankers
Bank of Scotland
14116 Cockspur Street
London
SW1Y 5BL
Page 1

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the audited financial statements of the charity for the year
ended 31 August 2024. The annual report setves the purposes of both a Trustees, report and a directors, report
under company law. The Trustees confirm that the annual report and financial ststements of the charitable
company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objective is the advancement of osteopathy and effective maintenance of a college for the
education and training of osteopaths.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running a
charity {PB2)'.
Achievements and performance
a. Review of activities
During the 2023-24 academic year the College delivered a programme using face to face and online delivery.
The balance of online.. face to face refiected hands on nature of the professional qualification and the flexibility
that supported the mainly mature student cohort.
The NSS student survey indicated that students in general found the course intellectually stimulating and the
College scored well on teaching and leaming.
Disappointing for this academic year was the score on 'Mental wellbeing services,
How well communicated
was information about your universitylcollege's mental wellbeing support seNices? This was a new and very
specific question which has resulted in immediate and focussed action by the College on communicating the
SeNi￿S we have. We are currently writing a mental health strategy which will include a number of strands..
Implementing anticipatory adjustments for all students which will be particularly beneficial for those
students experiencing stress and anxiety over assessments.
A series of lunchtime and evening workshops to include topics such as Exam Preparation, Resilience,
Developing a Positive Mindset, etc.
Reviewing communications to our student body to better enable engagement with support services
provided.
In 2024, Student achievement on the course remained consistent when compared to previous years with 75 %
achieving either a First-class honours degree or a 2-1.
The academic year 2023-24 also saw the final students completing the programme through the Staffordshire
franchised provision, and the end of that partnership arrangement.
Page 2

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and performance (continued)
b. Collaborative Partnership
The College recruited to the Stoke campus only in 2023-24 as numbers were not considered viable for a
London cohort.
Access to student loans (SFE) for part of the course fee, supported aC￿sS to the course.
During the academic year the remaining students completed the franchised Teach out programme validated by
Staffordshire University. All other students were registered on the University of Derby (UoD} programme which
was successfully re-validated in the academic year.
c. Recognition of Qualification IRQI - Professional Body inspection
Following successful RQ in previous years. College performance continued to be monitored on an ongoing
basis by the standard Annual Monitoring Report (AMR) process administered by Mott McDonald for GOSC and
submitted in December annually and reported back to the College in March of the following year.
Financial review
a. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the current student body and the current intake. For this
reason, they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going con￿rn basis can be found in the Accounting Policies.
The financial procedures within the College are under regular scrutiny both internally and externally and the
action plan adopted in the prior year continues to be monitored and refined by the Finance Subcommittee and
reported back to the Board of Governors.
b. Reserves policy
The Board considers it prudent that unrestricted reseNes should be sufficient"
1. To cover in the order of six months of management. administrats.on and support costs.
2. To avoid the necessity of realising fixed assets held for the charity's use.
3. To maintain adequate reserves to enable the charity to meet urgent running and expansion costs.
At the year ended 31 August 2024. the charity held unrestricted funds of £1,109,271 12023.. £1,371,779) and
had an unrestricted free reserves balan￿ of £242,890 (2023.. £540.887>. Cash reseNes are £339,879. This
balance is sufficient to cover approximately six months of supporting expenditure, which is estimated to amount
to £290,000 in consideration of the expenditure incurred in 2024. ReseNes have been falling, but the board
considers that there will be cost reductions as staffing levels adapt to the requirement for current student levels.
The Board considers that the current level of free reserves is now at the desired level but is continuing to pursue
increasing student recruitment arising out of the implementation of the marketing plan and careful budgeting
overseen by the Board's Finance Subcommittee. The Board has deposited the rese￿eS in secure accounts that
earn modest interest but at the same time are readily accessible.
Page 3

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
c. Results for the year
The results for the year and the financial position of the charity are set out in the attached financial statements.
The principal funding sources were from student fees and income from the osteopathic clinics totslling £831,023
(2023. £995,216), and the main expenditure relating to this being staff salaries totslling £684,779 (2023..
£700,924).
During the academic year 2023-24. designation with the Ofs supported student access to the programme. In
addition, the College continued to invest in and explore altemative SoUr￿S of funding to support the College's
provision.
The College remains committed to strengthening its engagement with the local community to increase
knowledge and awareness of the service that the College provides to the areas where our clinics and campuses
are based. This action potentially raises the College's profile and increases the opportunity to secure additional
local funding to support health or upskill the community.
Structure, governance and management
a. Constitution
The College is a company limited by guarantee which is registered at Companies House.
The original Memorandum & Articles of Association drawn up in 1998, has in recent years been replaced by an
'Instrument and Articles of Governance,, a model used by higher education corporations. The Companies Act
2006 removed the need for a company to have a 'Memorandum'. and therefore the new constitution is in the
form of Articles of Association only. with the relevant provisions from the Memorandum transposed into the
Articles.
Key changes to the Articles included, ensuring that in their role as Principal the individual is automatically
appointed as a member of the board and Trustee. ex officio and clarifying that members of the board will be
elected to serve a three year term renewable for ￿0 terms after which they may under exceptional
circumstances be appointed to serve for a further 12 months, student board members are appointed for 12
month terms and the chair1vi￿ Chair are elected to serve for up to 3 years. References have also been added
to the Ofs to reflect the College's status as a registered higher education provider.
b. Methods of appointment or election of Trustees
Trustees may seNe for an initial period of three years and the retiring trustee may normally serve for no more
than nine years and would be an annual appointment thereafter. During the 2023124 Academic Year, R Rogers
was elected to serve for a further year.
c. Related party relationships
There are no related parties or connected charities.
Page 4

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management (continued)
d. Risk management
The trustees have continued to carefully assess the risks to which the charity is exposed. A risk register is
compiled at the start of the academic year and then reviewed in its entirety mid-way through the year. Risks are
distributed and monitored on an ongoing basis throughout the year by the subcommittees chairs who are
trustees and board members. The subcommittee chairs update and advise the Board. The key subcommittees
are Governance {GSCI, Finance {FSC) and Curriculum & Standards (CSC), and risks relate to the respective
area of operation of the charity.
The three main risks identified by the charity and appropriate measures put in place to mitigate said risks are as
follows..
1. Failure to manage financial security which could cause possible financial losses to the College - mitigated by
strong security systems in place for restricted access to confidential financial information.
2. Failure to manage cliniclpatient fees which poses a threat to financial planning and projections, as well as the
College's reputation locally and professionally - mitigated through additional monitoring and financial checks
through regular sub-finance committee meetings.
3. Failure to maintain financial stability which poses a threat to the charities, going concern - mitigated through
careful budgeting and regular reviews of actual financial results achieved against the budget.
During 2023-24, the College continued to monitor the ongoing risks and any changes that occurred as the
pandemic continued to subside, guided by UKHSA., other govemment advisory bodies, its own professional and
regulatory bodies as well as those specific to the institution.
e. Policies adopted for the induction and training of Trustees
After the appointment of an applicant the Board, new governors complete an induction session with normally
o experienced Board members prior to attending their first meeting. In addition, a mentor is allocated to
provide support for a minimum of the first year of their tenure.
Trustees undergo training as part of the own professional development contributes to the skills set of the Board.
In addition, skills and expertise may be identified by the Board or in the annual appraisal of the member, by the
Chair. The completion of the identified training is noted in the record of the annual appraisal of the Board
member.
Page 5

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management (continued)
f. Organisational structure and decision making
The College is administered by the Board of Trustees, which is its goveming body. The Board meets regularly
(the full board meets four times per annum, each chaired by a trustee who feeds back to sub-committees) to
discuss and formulate policy, before delegating the day to day running of the organisation to the professional
staff.
The Committee and Working Group Structure implemented in 2022-23, continued to be monitored and further
refined during the academic year 2023-24 following the action plan agreed at the end of the previous academic
year. The Board agreed to review and pursue any outstsnding items on annual basis.
The Board of Governors has established three subcommittees, which have the responsibility to scrutinise
reports from the Senior Leadership Team. data and risk management relating to their remits. Two governors
with appropriate expertise are assigned to each subcommittee. The subcommittees meet four times a year and
report to the next quarterly Board meeting.
The Finance subcommittee scrutinises data provided by the Bursar to ensure the income and outgoings are
within any forecasts as well as considering any legislation or risks that would have financial implications. Any
major new outgoings are reviewed and recommendations made. under the standing item on the agenda, to the
next Board meeting. The Governance subcommittee keeps under constant review the governance of the
College for example in the past three years, it has overseen an external review of College governance, the
revision of the Articles as well as monitoring implementation of changes identified in development plans.
Significant issues are brought to the attention of the next quarterly Board meeting. The Curriculum & Standard
Committee receives reports from the Senior Leadership Team. The aim of this subcommittee is to manage and
encourage continuous improvement in the quality of the College's provision in a transparent manner. The
Board's attention is drawn to any significant issues under the standing item of the agenda at the next quarterly
meeting.
Plans for future periods
Priorities for the Board for 2024125 will be-
Continuing to monitor and review the Committee and Working Group Structure and its effectiveness in
managing quality processes.
Monitoring of the Business and subsequent Strategic Plan for (2021-26). The current Strategic Plan
(2021-26) is annually operationalised, by allocating Key Performance Indicators (KPIS) to each of the Priorities
within each of the four Strategic Objective categories. In 2024-5. these will be operationalised based on the
current Business & therefore Strategic Plan. The initial planning for the update of both will take place in 2025-6
in preparation for 2026 - 31.
Reviewing alternative programme options that will deliver GOSC accredited qualifications in a more cost-
effective manner for both students and the college.
Page 6

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, Nyman Libson Paul LLP, have indicated their willingness to continue in offi￿. The designated
Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees or()113112025 PST
and signed on their behalf by=
teH%thWrfT¥é
(Treasurer)
Page 7

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees {who are also the directors of the charity for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . 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 charity 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 then apply them consistently.,
observe the methods and pnnciples of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity
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 charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Page 8

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
REPORT ON CORPORATE GOVERNANCE AND INTERNAL CONTROL
FOR THE YEAR ENDED 31 AUGUST 2024
ststement of Corporate Governance
The College is administered by a Board of Trustees (the Governing Body). The Board meets every three
months to fomulate policy and scrutinize the financial. academic, resource and quality aspects of the provision.
Sub-committees of the Board also meet every three months and Working Groups convened as necessary. The
system provides the flexibility required for an institution of this size. To support transparency and accessibility
the process is communicated via a Committee Commentary document and the Committee Structure diagram.
The Commentary document is communicated in a 'who'. 'how when, format. The Committee Commentary
document is reviewed annually and updated as required to refiect the upcoming academic year. The College
adapted this format on application and hence successful registration with the Ofs. The arrangement supports
the College's compliance with the Ofs's ongoing conditions of registration.
The College is a provider in receipt of public money and the financial performance of the College is regularly
scrutinised at the quarterly meetings of the Finance subcommittee. The income. expenditure and forecast up to
5 years in advance are regularly reviewed. Any risks or notable financial issues are reported to the
corresponding quarterly Board meeting for further discussion and decision as ne￿Ssary. Public funds are those
associated with student tuition fees. that come via the SLC (Student Loan Company). Payments are linked to
individual students. The College is bound by a set of key criteria it must meet to satisfy the SLC that a student
remains on course and hence the loan element of the tuition fee is paid. Fees are monitored daily by the Bursar,
and the FSC reviews funding, including via this source as part of the regular financial report back at FSC
meetings. The regularity and propriety in the use of public funding is therefore ensured. As with other financial
years this process of scrutiny by both the subcommittee and the Board was adopted for the 1st September 2023
to 31st August 2024 financial year.
Statement of Internal Control
The College is managed on a day-to-day basis by the Senior Leadership Team ISLT) who report to the Board.
The SLT are also key members of the College's Committees and Working Groups that also in turn report to the
Board.
An internal risk management system assesses the likelihood and impact of specific risks. Risks are categorised
under the broad headings of People, External Agents, Resources, Health & Safety, Regulations & Compliance,
Strategic Plan, Finance and Engagement. Individual risks within each category are expanded and include an
original rating, mitigation rating following mitigation and where appropriate an action plan. Risks are rated and
have review dates. The Board has ultimate responsibility for all risks, with a key govemor identified with this
responsibility. For 2023-24, govemor changes resulted in the specific responsibility to ovetview the risk
processes at this level being shared appropriately between trustees.
Daily management of risk is by the SLT and lor staff with specialist area responsibilities, or knowledge. Risks
are monitored by the key committees and reported back to the Board.
The College's committee structure and processes enable the effectiveness of its process to be managed,
monitored, and reviewed on an ongoing basis.
The Annual Risk Management Report prodU￿d at the end of each academic year highlights the main events
and achievements of the academic year. This in tum supports future planning for the up-coming year.
During the year the Board and relevant subcommittees re￿iVed regular reports on intemal control.
Subcommittees kept under constant review risks appropriate to their remit as well as any new risks they had
identified. Report on internal control and risks were reported by the Chair of the respective subcommittees to
the Board under a standing item on the agenda.
The principal results of risks identification. evaluation and management review of effectiveness of action was
carried out by the corresponding subcommittee and reported to and reviewed by the Board.
Page 9

**REPORT ON CORPORATE GOVERNANCE AND INTERNAL CONTROL CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024** 

The internal auditing scrutiny by the Finance subcommittee and subsequent discussion at the Boards meetings, strengthens the internal control environment and the College’s performance in the delivery of value for money. 

No significant internal control weaknesses or failures were identified during the 1st September 2023 to 31st August 2024 financial year or after the year-end but before the financial statements are signed. During the academic Year 2023-24, there were no finance failures. The standard separation of duties is appropriate for an organisation of this size exists. Moving forward and as part of the recognition of the small size of the organisation and the risks that this presents, the College began developing a Contingency Plan. In 2022 -23 input from Sub-committees and the Board resulted in the first draft at the end of the academic year. The scenarios reflect each of the established risk categories of People, External Agents, Resources, Health & Safety, Regulation & Compliance, Finance, Strategic Planning, and Engagement. The Plan considers each scenario, the impact and current mitigative action or resources. It then considers what to do, should current safeguards fail. It identifies key initiators or triggers that would initiate contingency plan action for a given scenario. This first part of the draft was developed further in 2023-24. The main focus was based on those surrounding Finance. Future work will be on the development of the second section which will detail each scenario’s actions and the timeframe. As previously proposed it should be in a ‘Who’, ‘When’,‘What to do’ format. 

Approved by order of the members of the board of Trustees on 31/01/ 2025 and signed on their behalf by: 

**Stoner ID: NSRKGKYFUG... Michael Bennett** (Treasurer) 

Page 10 

**Document ID: 58da192115808bdd2176be89d93942f5f8063b631d50909585683b191f513bba** 



THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE COLLEGE OF OSTEOPATHS
Opinion
We have audited the financial statements of The College of Osteopaths (the 'charity') for the year ended 31
August 2024 which comprise the statement of financial activities. the balance sheet, the statement of cash
flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally AC￿pted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK} (ISAS (UK}l and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fijlfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page11

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE COLLEGE OF OSTEOPATHS
(CONTINUED)
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditors, report thereon. The Trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and,
except to the extent otheNise explicitly stated in our report. we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otheNise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements. we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If. based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees. remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the Trustees,
Report and from the requirement to prepare a Strategic Report.
Page 12

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE COLLEGE OF OSTEOPATHS
(CONTINUED)
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realists'c alternative but to do so.
Auditors. responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditors, report that includes our
opinion. Reasonable assuran￿ is a high level of assuran￿, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below-
We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in
which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and
regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of
not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate COn￿alment by. for example. forgery or intentional misrepresentations, or
through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial
statements, including, but not limited to, the Companies Act 2006 and the Charities Act 2011 and the
requirements of the OFS'S Accounts Direction. Our tests included agreeing the financial statement disclosures
to underlying supporting documentation. reading minutes of meetings of those charged with governance,
enquiries with management and review of accounting estimates. There are inherent limitations in the audit
procedures described above and, the further removed non compliance with laws and regulations is from the
events and transactions reflected in the financial statements, the less likely we would become aware of it. We
did not identify any key audit matters relating to irregularities, including fraud.
Page13

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE COLLEGE OF OSTEOPATHS
(CONTINUED)
Opinions on other matters required by the Office for Students (Ofs)
In our opinion in all material respects-
Funds from the Ofs for specific purposes have been properly applied to those purposes and managed in
accordance with relevant legislation.
The requirement of the Ofs's Accounts direction have been met.
We have nothing to report in respect of the foll¢)wing matters in relation to which the Ofs requires us to report to
you if, in our opinion..
The College's grant and fee income as disclosed in the notes to the accounts has been materially
misstated.
The College's expenditure on access and participation activits-es for the financial year have been materially
misstated.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for no
other purpose. To the fullest extent permitted by law, we do not a¢￿pt or assume responsibility to anyone other
than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions
we have formed.
Andrew Thomas Isenior statutory auditor)
for and on behalf of
Nyman Libson Paul LLP
Chartered Accountants
Registered Auditors
124 Finchley Road
London
NW3 5JS
Date: 3 February 2025
Page 14

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitable activities
831,023
11,162
831,023
11,162
995,216
3,254
Investments
Total income
842,185
842,185
998,470
Expenditure on:
Raising funds
Charitable activities
635
1,141,558
635
1,141,558
5,867
1,109,227
Total expenditure
1,142,193
1,142,193
1,115,094
Net expenditure
(300,008)
(300,008)
(116,624)
Other recognised gainsl{losses):
Gains on revaluation of fixed assets
37,500
37,500
Net movement in funds
(262,508)
(262,508)
(116,624)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,371,779
(262,508)
1,371,779
(262,508)
1,488,403
(116,624)
Total funds carried forward
1,109,271
1,109,271
1,371,779
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 34 form part of these financial statements.
Page15

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
REGISTERED NUMBER: 3631445
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assets
13
866,381
830,902
866,381
830,902
Current assets
Debtors
14
59,777
339,879
60,403
692,172
Cash at bank and in hand
399,656
752,575
Creditors.. amounts falling due within one
year
15
(156,766)
(211,698)
Net current assets
242,890
540,877
Total net assets
1,109,271
1,371,779
Charity funds
Restricted funds
16
Unrestricted funds
16
1,109,271
1,371,779
Total funds
1,109,271
1,371,779
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on
0113112025 PST
and signed on their behalf by..
Signu ID.. NSRKGKYFUG...
Signer ID.. XOJBY6ZW90...
Michael Bennett
(Treasurer}
Pat Hamilton
(Principal and Accountable Officer)
The notes on pages 18 to 34 form part of these financial statements.
Page 16

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
(358,355)
{46,9881
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
11,162
{5,100)
3,254
Net cash provided by investing activities
6,062
3,254
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(352,293)
{43,7341
692,172
735,906
Cash and cash equivalents at the end of the year
339,879
692,172
The notes on pages 18 to 34 form part of these financial statements
Page17

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
The College of Osteopaths is a charitable company limited by guarantee and registered in England and
Wales. The address of the registered office is 13 Fu￿ehI11 Road. Borehamwood, Hertfordshire, WD6
2DG.
The charity is a company limited by guarantee. The members of the company are the Trustees named on
page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1
per member of the charity.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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 IFRS 102) (second edition effective 1 January 2019), the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act
2006.
The College of Osteopaths meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the
relevant accounting policy.
2.2 Going concern
The charity has incurred net expenditure during the year of £300,008 (2023- net expenditure of
£116,624), resulting in a reduction in net current assets from £767k in August 2023 to £243k at the
reporting date. Cash held at year end totalled £339.879 {2023'. £692,172). The losses have arisen
due to a lower student intake in both the current and prior years. As the College offers a 4-year
course, the low intake also impacts on future year income levels as students, progress through the
course. The Trustees have put in place plans to increase student numbers going forward and
measures to control costs will also be introduced. Financial projections have been prepared and
considered by the Trustees which show sufficient funds are available for the immediate future. The
Trustees are also considering options including selling the freehold propety or obtaining loan
finance, should the need arise.
Taking into account the above factors and after reviewing the financial projections and budget, the
Trustees have reviewed the circumstances of the charity, and consider that adequate resources
continue to be available to fund the activities of the charity for the foreseeable future and the charity
is therefore a going concern. In reaching their conclusion, the trustees consider there to be no
material uncertainties about the charity's ability to continue as a going concern.
Page18

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.3 Income
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 income receivable can be measured reliably.
Student fees represent tuition and other fees due and are accounted for on an accruals basis. Clinic
income represents monies received from patients for treatment by students (under the supeNision
of qualified osteopaths) in the college's clinics and is accounted for on a received basis. Bank
interest and all other income is accounted for on an accruals basis.
Deferred income represents students fees re￿iVed in advance relating to the following year and
amounts to £2,730 (2023: £10.399).
Page19

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty. 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 charged to the Statement of Financial Activities on an accruals basis, when a
constructive obligation has arisen and is classified as follows..
l) Charitable expenditure This comprises all costs incurred by the charity in the delivery of its
activities and servI￿s.
ii) Support costs - These comprise central costs including salaries and other expenses necessary to
support the activities. These costs have been allocated to charitable activities on a basis consistent
with the use of resources.
iiil Governance costs - These comprise all costs associated with meeting the constitutional and
statutory requirements of the charity.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity- this is normally UFM)n notificats-on of the interest paid or payable by the bank.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. Tangible fixed assets are recognised on
suitable purchases over £500. After recognition, under the cost model, tangible fixed assets are
measured at cost less accumulated depreciation and any accumulated impairment losses. All costs
incurred to bring a tangible fixed asset into its intended working condition should be included in the
measurement of cost.
The charity's freehold propety is being carried at fair value. After recognition, under the revaluation
model, tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued
amount, being their fair value at the date of revaluation.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ
materially from that which would be determined using fair value at the end of the reporting date.
Fair values are determined from market-based eviden￿ by appraisal that is normally undertaken by
professionally qualified valuers.
Gains and losses on revaluation are recognised in the statement of financial activities, with a
separate revaluation reseNe being shown in the Statement of funds note.
Page 20

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.6 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. on the following bases
Plant and machinery
Fixtures and fittings
Computer equipment
15°/o Reducing balan
15 /0 Reducing balan
20 / Straight line
No depreciation charge is made against the building as it is considered that the residual value is at
least as great as the carrying value and not significantly different to cost, and any depreciation
charge would be immaterial.
Page 21

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Page 22

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Critical accounting estimates and areas of judgment
The preparation of the financial ststements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the
amounts reported for revenues and expenses during the year. However. the nature of estimation means
that actual outcomes could differ from those estimates.
Critical accounting estimates and assumptions-
Fair value of tangible fixed assets
The charity makes an estimate of its land and building's fair value, reviewed annually at the reporting
date, which in practice is the market value. In order to assess the appropriateness of this estimate, the
trustees consider reports on on the valuab'on given by professionals in the propety business and recent
market trends.
Page 23

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Student income
704,407
126,616
704,407
126,616
875,827
119,389
Clinic income
Total 2024
831,023
831,023
995,216
Student income comprises fee income received by the College in the year.
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Bank interest
11,162
11,162
3,254
Grant and fee income
2024
2023
Fee income for taught awards
704,407
875,827
Page 24

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Expenditure on raising funds
Fundraising costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising costs - wages and salaries
635
635
5,867
Total 2023
5,867
5,867
Anatysis of expenditure on charitable activities
Summary by fund type
Unrestricted
fijnds
2024
Total
2024
Total
2023
Education
Clinical
857,222
265,401
18,935
857,222
265,401
18,935
858,211
228,840
22,176
Governance
1,141,558
1,141,558
1,109,227
Total 2023
1,109,227
1,109,227
Page 25

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of expenditure by activities
Acts"vities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Education
378,226
172.163
478,996
93,238
18,935
857,222
265,401
18,935
858,211
228,840
22,176
Clinical
Governan
Total 2024
550,389
591,169
1,141,558
1,109,227
Total 2023
530,558
578,669
1,109,227
Anatysis of direct costs
Total
funds
2024
Totsl
funds
2023
Education
2024
Clinical
2024
Staff costs
137.320
164.448
159,942
297,262
164,448
12,221
32,139
319,322
134,103
7,040
36,675
Student enrolmenvregistration costs
Medical supplies and other direct clinic costs
Room rental costs
12,221
32.139
Student related licenses, insurances and
subscriptions
44.319
44,319
33,418
378,226
172,163
550,389
530,558
Total 2023
357,605
172,953
530,558
Page 26

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of expenditure by activities (continued
Anatysis of support costs
Total
funds
2024
Total
funds
2023
Education
2024
Clinical Governan
2024
2024
staff costs
329,125
72,856
20,546
19
57,757
16.927
3,686
3.159
1,241
343
386,882
89,783
24,232
3,178
11,076
2,839
1,170
11,278
4,348
4,241
10,950
7,121
8,309
10,626
11,742
1,894
375,735
70,608
22,065
11,189
9,354
3,612
30
Rent, rates and insurance
Repairs and maintenance
Computer expenses
Advertising
Travel expenses
Books and publications
Telephone and fax
Printing, postage and stationary
Equipment rental
other costs
9,835
2,496
1,170
9,573
3,266
4,038
9,428
3,815
1.705
1.082
203
1,522
3.306
9,620
4,506
6,091
24,336
8,693
8,753
13,423
13,152
6,090
(15,339)
6,751
Depreciation
Bookkeeping and accountancy
Auditor remuneration
Legal and professional
Bank charges
Bad debt
8,309
10,626
9,953
1,605
1.789
289
Consultancy
1,271
229
1,500
Total 2024
478,996
93.238
18,935
591,169
578,669
Total 2023
500,606
55.887
22,176
578,669
10.
Auditors. remuneration
The auditors, remuneration amounts to an auditor fee {net of VAT) of £8,750 (2023 - £8,500).
Page 27

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Stsff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
643,378
34,847
6,554
656,150
36,890
7,884
684,779
700,924
The average number of persons employed by the charity during the year was as follows..
2024
No.
2023
No.
Education
Clinical
16
15
17
Administration
35
38
The full time equivalent of staff for the year ended 31 August 2024 was as follows..
Academic Staff - 8.86 (2023: 9.86)
Non-Academic Staff - 6.21 (2023. 6.21)
Page 28

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Stsff costs (continued)
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2024
2023
In the band £60,001- £70,000
In determining the principal's and other senior staffs pay, the charity has considered the 'Higher
education senior staff remuneration code, published by the Committee of University Chairs (CUC).
Full details of the total remuneration package of the Principal are as follows..
Basic salary.. £61,800 (2023.. £60,750)
London weighting.. £3,120
Performance related pay and other bonuses". £nil
National insurance contributions= £7,704 {2023'. £7,615)
Pension contributions.. £nil
Justification for the salary of the Principal
The college is a small provider and delivers a specialist programme in London and in the Midlands. All
staff are contracted to work on a part-time basis ex￿pt the Principal. The salary package that is given to
the Principal reflects the size of the organisation and the college's infrastructure. The Principal's salary
package is justified and decided via the appraisal system that exists within the college. The FSC review
the perf0rrnan￿ of the Principal and make a reccomendation to the Board with regards to her salary. The
position is regularly appraised by the Chair and one other govemor, which includes consulting feedback
from other staff and students at the college.
The relationship be￿een the Principal's remuneration and that for all other employees employed in the
reporting year, expressed as a pay multiple, is..
2024: 1.4
2023: 1.4
During the year key management personnel re￿iVed remuneration and benefits amounting to £180,059
(2023: £169,497).
Page 29

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Trustees. remuneration and expenses
During the year, Paul Grant. trustee. received £500 for providing lectures to students.
During the year, Fran Jackson. trustee. re￿iVed £714 for providing seNices as an education support
officer.
No other trustee (nor any persons connected with them) received any remuneration during either the
current or prior year.
During the year, three (2023.. one) trustees were reimbursed £265 (2023: £11 } for travelling, meeting and
other expenses.
Pat Hamilton, the College Principal. is also a trustee of the College. Details of her remuneration are
disclosed in note 11. She has received no remuneration or financial benefits for her role as trustee in the
current or previous financial year.
13. Tangible fixed assets
Freehold
propety
Plant and Fixtures and
machinery
fittings
Computer
equipment
Total
Cost or valuation
At 1 September 2023
Additions
815.382
88,313
94,968
31,226
5,100
1,029,889
5,100
37,500
Disposals
37.500
At 31 August 2024
852,882
88,313
94,968
36,326
1,072,489
Depreciation
At 1 September 2023
Charge for the year
2.882
81,535
1,017
87,874
1,064
26,696
5,040
198,987
7,121
At 31 August 2024
2.882
82,552
88,938
31,736
206,108
Net book value
At 31 August 2024
850,000
5,761
6,030
4,590
866,381
At 31 August 2023
812,500
6,778
7,094
4,530
830,902
Page 30

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Tangible fixed assets Icontinued)
The freehold propety is included at fair value at 31 August 2024 based on three independent valuations
made in November 2024. The trustees consider there is no material difference in the value at the
reporting date. All valuers hold relevant professional qualifications and have recent experience dealing
with properties in the location and class of the tangible fixed asset properties which required valuation.
The charity has adopted a policy of revaluation for freehold propety. Had these assets been measured at
historic cost, the carrying values would have been as follows..
2024
2023
Cost
278,713
(98,531)
278,713
(92,9561
Accumulated depreciation
180,182
185,757
14. Debtors
2024
2023
Due within one year
Trade debtors
Prepayments and accrued income
19,072
40,705
20,238
40,165
59,777
60,403
15. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
4,028
11,866
140,872
4,028
13,008
194,662
Other creditors
Accruals and deferred income
156,766
211,698
Page 31

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Ststement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds - all funds
802.706
569,073
842,185 (1,142,193)
502,698
606,573
Revaluation reserve
37,500
1,371,779
842,185
(1,142,193)
37,500
1,109,271
ststement of funds - prior year
Balan￿ at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Unrestricted funds
General Funds - all fiJnds
Revaluation reserve
919,330
569,073
998,470 (1,115,094}
802,706
569,073
1,488,403
998,470
(1,115,094}
1,371,779
17.
Analysis of net assets between funds
Anatysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
866,381
399,656
(156,766)
866,381
399,656
{156,766)
Creditors due within one year
Total
1,109,271
1,109,271
Page 32

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Analysis of net assets between funds (continued)
Anatysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
830,902
752,575
{211,698)
830,902
752,575
{211,698)
Creditors due within one year
Total
1,371,779
1,371,779
18.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net expenditure for the period (as per Statement of Financial Activities)
(300,008)
(116,6241
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease in debtors
Increasel(decrease) in creditors
7,121
(11,162)
626
8,693
(3,2541
6,821
57,376
(54,932)
Net cash used in operating activities
{358,355)
(46,9881
19. Anatysis of cash and cash equivalents
2024
2023
Cash in hand
339,879
692,172
Total cash and cash equivalents
339,879
692,172
Page 33

THE COLLEGE OF OSTEOPATHS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Anatysis of changes in net debt
At1
September
2023 Cash flows
At 31 August
2024
Cash at bank and in hand
692,172
(352,293)
339,879
692,172
(352,293}
339,879
21.
Pension commitments
The company pays contributions into a defined contribution plan. The pension cost charged represents
contributions payable by the company and amounted to £6,554 (2023: £7,884). Contributions
amounting to £1,236 (2023.. £1,457) were payable at the balan￿ sheet date.
22.
Operating lease commitments
At 31 August 2024 the charity had commitments to make future minimum lease payments under non-
Can￿lIable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
145,474
173,965
145,474
305,831
319,439
451,305
23. Related party transactions
During the year, no related parties (except those as disclosed in note 12) had any transactions with the
charity. At the reporting date, there were no balan￿$ outstanding with regards to related parties.
Page 34