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|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||||
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|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%)|
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|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)|
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|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|
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|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|
##
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|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|
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|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|
##
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|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|
##
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|||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,$43|
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|Creditors:amounts
falling due within one year|||
|---|---|---|
||2022
8|2021f|
|Mortgage
repayable
in one year (see Note 16)
Bank loans
Trade creditors|61,027
9,798
4,302|58,879
9,559
13,102|
|Overpaid
by Anglia Ruskin University
Student fees due by Anglia Ruskin
University
Other creditors
Accruals
Deferred income|121,468
(85,547)
13tfii7
36,306
34,454|45,122
(50,318)
1,868
34,373
22,567|
||215,775|135,152|
|Deferred Income|||
|Deferred
income comprises
student fees received|in advance off34,454 (2021:f22,567).||
||2022
6|2021f|
|Balance
at the beginning
ofthe year
Amount
released to income
in the year
Amount
deferred
in the year|22467
(22,567)
34,454|41,1 51
(41,151)
22,567|
|Balance at the end ofthe year|34,454|22,567|
|Creditors: amounts
falling due afier one year|2022f|2021|
|Mortgage (see below)
Mortgage
related costs
Bank loans|463,076
(48,795)
29,072|524,103
(50,285)
38,870|
||443,353|512,68$|
##
|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|
##
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|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|
##
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|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|
##
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|(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|