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2022-08-31-accounts

Contents
Page
Reference and administrative information
Trustees'
annual
report		 2-8
Independent
auditors'
report		 9 -11
Statement offinancial activities 12
(incorporating
an income and expenditure		 account)
Balance sheet 13
Statement ofcash flows 14
Notes tothe Iinancial statements 15

Trustees: Chair Andrew Duguid Andrew Duguid
Trustee William Allen (resigned 25.01.22)
Trustee Lawrence Bergstrom (resigned 29.03.22)
Trustee Rajarshi Bhattacharyya
Trustee Linda Gregory
Trustee David Marriott
Trustee Vicky Morgan
Trustee Yelena Walters
Trustee lan Hantson (appointed 04.10.22)
Company Secretary: Yasmin D'Souza
Chief Executive: Fiona Hamilton
Company number: 04037209
Charity number: 1085391
Registered office: 12,Grange Road, London, SE13BE
www. lso.ac.uk
Auditors: Goldwins
Limited
75Maygrove Road
West Hampstead
London NW6 2EG
www, goldwins. co.uk
Bankers HSBC Lloyds Bank PLC
Retail Unit 8 25 Gresham Street
38Canada Place
London
Canary Wharf EC2V 7HN
London
E145AH

Reporting
per		 formance
Inputs Activities Outputs Outcomes Impact
SDesign of O Delivery of O Professional 4 Acquisition
of		 4 Personal and
the MOst I the MOst I &vocational knowledge
and skills,		 professional
BOst BOst training. participation
in		 development.
pathways. pathways. I patients research, and transition 4 Graduates join
O Outpatient seen atthe to autonomous GOsC and
teaching dinic. teaching osteopathic practice. contribute to
clinic. O Improved
patient		 healthcare
in		 their
health; education locality.
regarding
posture,		 4 patient access to
exercise, lifestyle etc. osteopathic
healthcare.

MOst Distinction Merit Pass
1 (50%) 1 (509Q
Bost First Upper second Lower second Third
1 (14%) 2 (29%) I (14%)

Principal Ms Fiona Hamilton
Registrar Mrs Yasmin D'Souza
Finance Manager Mr Nigel Martin
Course Leader Dr Maria Fitzgerald
(PhD)
Director ofClinical Studies Dr Lucy MacKay-Tumber (EdD)

Forthe
ended		 31 Au u st 2022
2022 2021
Unrestricted
Fund Total Fund Total Fund
Note E E
Income from:
Charitable
activities
Education, training
Investments		 and professional development 1,211,034
1,073		 1,211,034
1,073		 1,095,411
20
Other 469 469 14,391
Total income 1,212,576 1,212,576 1,109,822
Expenditure
on:
Charitable
activities		 6
Education, training and professional development 1,107,107 1,107,107 1,029,211
Other
Total expenditure 1,107,107 1,107,107 1,029,211
Net income / (expenditure) for the year 105,469 105,469 80,611
Transfers
between		 funds
Net income / (expenditure) before other recognised
gains and losses 105,469 105,469 80,61I
Net movement
In funds		 105,469 1Q5,469 80,611
Reconciliation offunds:
Total funds brought forward 973,534 973534 892,923
Total funds carried forward 1,079,003 1,079,0Q3 973,534

The London School OfOs
Balance sheet		 The London School OfOs
Balance sheet		 teopathy
As at31 Au ust 2022 Company no. 04037209
2022 2021
Note 6 f
Fixed assets:
Tangible assets 12 1,305,677 1,336,267
1,305,677 1,336,267
Current assets:
Debtors 13 21,424 28,843
Cash at bank and in hand 411,030 256,264
432„454 285,107
Liabilities:
Creditors: amounts falling due within one year 14 (215,775) (135,152)
Net current assets 218,879 149,955
Total assets less current liabilities 1,522,356 1,486,222
Creditors: amounts falling due after one year 16 (443,353) (512,688)
Total net assets 1,079,003 973,534
The funds ofthe charity: 19
Restricted
income		 funds
Unrestricted
income funds:
Fixed assets fund 830,369 803,570
Building development fund 40,000 40,000
General funds 208,634 129,964
Total unrestricted funds 1,079,003 973,534
Total charity funds 1,079,003 973,534

The London School OfOsteopathy
Statement ofcash flees
Forthe
rended 31 Au ust 2022
Note 2022
f		 2021
f
Cash flows from operating
activities		 20
Net cash prcwided
by / (used in) operating activities		 224r)00 162,923
Cash flows from investing
activities:
Purchase offixed assets		 {3,186) (2,098)
Net cash provided
by / (used in)investing~os		 {3,186) (2,098)
Cash floes from financingectivitfes:
Repayments
ofborrowing		 (66')48) (72,770)
Cash inflows from new borrowing
Net cash provided
by / (used in) financingwctivities		 (66r)48) (72,770)
Change in cash and cash equivalents in the year 154,766 88,055
Cash and cash equivalents
at the beginning
ofthe
year		 256,264 168,209
Cash and cash equivalents
at the end		 ofthe year 21 411,030 256,264

Detailed comparatlv a s
for		 the stateme nt ofRnancsal acthriues
2021
Unrestricted Restricted Total
E E E
Income from:
Charitable
activities
-Education,
training		 and professional development 1,095,411 1,095,411
Investments 20 20
Other 14,391 14,391
Total income 1,109,822 1,109,822
Expenditure
on:
Charitable
activities
-Education,
training		 and professional development 1,029,211 1,029,211
Total expenditure 1,029,211 1,029,211
Net income Iexpenditure before gains I (losses) on Investments S0,611 80,611
Net gains
/ (losses)		 on investments
Net Intxtme / expenditure 80,611 80,611
Transfers
between		 funds
Net movement
In funds		 80,611 80,611
Total funds brought forward 892,923 892,923
Total funds carried forward 973,534 973,534

Income from charitab le
activi		 ties
2022 2021
Unrestrictedf Restrictedf Totalf Totalf
Education,
training and professional
Funding
from Office for Students
Studentfees
CPD, access courses and other fees
Room hire		 development 138,964
952,130
316
8,038		 138tm4
952,130
316
8,038		 88,580
921,785
373
1,845
Outpatients
dink Income		 111,586 111486 82,828
Total income from charitable activities 1,211.034 1,211,034 1,095,412
Income from investments
2022 2021
Unrestnctedf Restrictedf Toadf Totalf
investment
income		 1,073 1,073 20
1,073 1,073 20
Other income
2022 2021
Unrestricted
f		 Restrictedf Total
f		 Total
f
Tower Hamlets-Covid
JRSGrant		 support grant 469 489 5.000
9,391
469 469 14,391

This is stated after char ing i cred iting:
2022 2021
8 L
Depreciation 33,776 33,528
Operating
lease rentals:
Property		 86,500 32,440
Auditors'
remuneration
Audit		 (excluding VATI: 4,000 4,000

Staff costs were as follo ws:
2Q22 2021
L
Salaries and wages
Social security costs
Employer's
contribution		 to defined pension schemes $70325
29,6TS
11,467		 538,306
29,376
8,699
Freelance staff costs 26,044 18,232
Staff training 298 200
638,3Q9 S94,813

(head coun t based on n umber ofstaff employed)
during
the ye		 ar was as follows:
2022 2021
No. No.
Education, training and professional 27.0 30.0
Outpatients
Support		 clinic 5.0
13.0		 4.0
13.0
45.0 47.0

Freehold Leasehold Medical Office
Property
E		 Costs
E		 Equipment
E		 Equipment
f		 Total
E
Cost
At the start ofthe year 1,455,182 151,526 25,961 152,103 1,784,772
Additions
in year		 3,186 3,186
Disposals
in year
At the end ofthe year 1,455,182 151,526 25,961 155,289 1,787,958
Depreciation
At the start		 ofthe year 149,284 127,454 25,961 145,806 448,505
Charge for the year 15,$75 15,153 2,748 33,776
Eliminated on disposal
At the end ofthe year 165,159 142,607 25,961 14$,554 482,281
Net book value
At the end ofthe year 1,290,023 8,919 6,735 1305,677
At the start ofthe year 1,305,$98 24,072 6,297 1,336,267

Debtors
2022 2021
E f
Other debtors 8494 7,344
Prepayments 12,830 21,499
21,424 28,$43

Creditors:amounts
falling due within one year
2022
8		 2021f
Mortgage
repayable
in one year (see Note 16)
Bank loans
Trade creditors		 61,027
9,798
4,302		 58,879
9,559
13,102
Overpaid
by Anglia Ruskin University
Student fees due by Anglia Ruskin
University
Other creditors
Accruals
Deferred income		 121,468
(85,547)
13tfii7
36,306
34,454		 45,122
(50,318)
1,868
34,373
22,567
215,775 135,152
Deferred Income
Deferred
income comprises
student fees received		 in advance off34,454 (2021:f22,567).
2022
6		 2021f
Balance
at the beginning
ofthe year
Amount
released to income
in the year
Amount
deferred
in the year		 22467
(22,567)
34,454		 41,1 51
(41,151)
22,567
Balance at the end ofthe year 34,454 22,567
Creditors: amounts
falling due afier one year		 2022f 2021
Mortgage (see below)
Mortgage
related costs
Bank loans		 463,076
(48,795)
29,072		 524,103
(50,285)
38,870
443,353 512,68$

rene gotiation
in the future.
2022 2021
6
The outstanding
balance at the year end was repayable as follows:
In more than five years 195,247 265,892
Between two and five years 267 829 258 211
Total due after one year 463,076 524,103
Less than one year 61 027 58$79
Total 534,103 582,982

Analysis ofnet as sets between fund s
General
unrestrictedf Designated
f		 Restricted
f		 Total funds
f
Tangible fixed assets 475,307 830,369 1,305,677
Net current assets I76,679 40,000 216,679
Long term liabilities (443,353) (443353)
Net assets at the end ofthe year 208,633 870,369 1,079,002
Movements
In funds
Incoming Outgoing
At the start resources
&		 resources
&		 At the end
ofthe year
f		 gains
f		 losses
f		 Transfers
f		 ofthe year
f
Unrestricted
funds:
Designated
funds:
Fixed assets fund 803,570 (33,776) 60,576 830,369
Building development fund 40,000 40,000
Tmal designated funds 843470 (33,776) 60476 870369
General funds 129964 1,212476 (1,073330) (60476) 208,634
Total unrnsuicted funds 973,534 1,212,576 (1,107,107) 1,079,003
Total funds 973534 1,212576 (1,107,107) 1,079,003

20 Reconcglatlon ofne t Income
/ (expendlmre		 ) to net c ash flow from operating actM des
2022 2021
f f
Net Income / (expenditure)
fior the reporting		 period 105rki9 80,611
(as per the statement of flnanclalactMties)
Depreciation
charges
(In«rease)/decrease
in debtors		 33,776
7,419		 33,528
35,872
Increase/(decrease) in creditors 78,236 12,912
Net cash provided
by / (used In) operating		 actMtles 2242399 162,923
21 Analysis ofcash and cash equivalents At 1 At31
September Other August
2021 Cash flows changes 2022
E E 6
Cash in hand 256,264 154,766 411,030
Total cash and cash equivalents 256,264 I54,766 411,030

expir ing
in April 2023 are as follows:
Leasehold Property
2022 2021
f E
Less
One		 than one year
to five years		 22,813 36,500
22,813
22,813 59,313

(a)Analysis ofne t ass ets between fu nds (2021)
General
unrestricted
f		 Designatedf Restricted
f		 Total funds
f
Tangible fixed assets
Net current assets		 532,697
I09,955		 803,570
40,000		 I~6,267
149,955
Long term liabilities (512,688) (512,6$$)
Net~etsm
the		 end ofthe year 129,964 843470 973434
(b) Movements
In		 funds (2021)
Incoming Outgoing
At the start resources
&		 resources
&		 At the end
ofthe yearf gainsf losses
f		 Transfers
f		 ofthe year
f
Unrestricted
funds:
Designated
funds:
Fixed assets fund		 763,802 (33,528) 73,296 803,570
Building development fund 40,000 40,000
Total designated funds 803,802 (33,528) 73,296 843470
General funds 89,121 1.109,822 (995.683) (73.296) 129rNI4
Total unrestricted funds 892g23 I,IQ9,822 (1,029,211) 973,534
Total funds 892P23 1,1Q9,822 (1,029,211) %73434