Compwuy rewtration number. 4766518 Charity re8i#rBtion number. 1098710 Tobias Trust Limited (A compthy limitedby guorantee) AnnuMI R¢port Hnd Finanu31 Stut¢m¢nts for the Yw Bftd 31 July 2024 Mannin8tons A¢¢¢tn 39 High Street BAttle Ea* Sussex TN33 OEE
Tobla8 Trust Llmltsd CoDtents Refrnc8 and Athini8trativ¢Detalls 2to8 IndependtExaMin&s Report Staiem¢ntof Fin4rt¢iil Activities ioto 11 Balance Shttt 12to13 NirteB to the Financial Ststun¢n¢8 14to24
Toblas Trust Llmlted Referenee and Admlnlstrative Detlils Trustees (Ady C M Aldert MrCMCIcM Ms J T Quail Mr5 R Charles Mr R Dobson (appoint&J 21 May 20241 Mr A C¢)x Secretary Charfty Reglgtr4tloD Nunther 1098710 Company Regtstrgtlon Number 4766518 The chtrityis inxwratoj in England Wale& Tobias Sch(yJl of kn & Therapy Cc¥)mlx Hill Road East Grinstead W&st Swsex RH19 4LZ Re8lstored Offlfe Independent Exaner 39 High Stre<t Battle E&st Sussex rN33 OEE Bankers HSBC BaDk plc 9 Boulevard Crawley Wcst Su& RJIIO I Page I
Tobffi Trnst Umlted Trustees, Report The Tnjstres who are dIrS f the puryjw of cornpany law, prcsent the Annuwl rqhxt tO8ethtt with the fiAm¢ial sthtanelltsof th¢charitsbl¢ company for thcy¢•r ended 31 July 2024. ObJecdvtt Ind 8cdvtd ObJts¥t1 The obieet of the chlty is the 8dv&ncement of education in counsellin& by the w0visi of art and art therapy courses. The chariiy owls and operates th¢ Tobias Sch7 of Art & Ther8py, offering fvll-tiin4 Modular and $umm# courses. Tobias offers a client4entric approg¢h to transperso)al an6 counsellin8 SUPPOrting rnen¢. Spirittl and creative Well-Ing. The curriculum provides a broad foundation of study. includinB St¢iner's Aftthroposophyond apprch<% from Jun& Freud aDd Maslow amon8 others. io prepare stUdts 10 8uide clients in f¢ and iuportive envirottmtht. In 8ettirt8 ihe chAritys objectiVL¥ ond plAnnin8 its g¢tivitie8 the Inle¢S have siven Consideratic to the Ch9rity CommiB5ion Suidan on publi¢ bcncflt. We ¢tinU io a5SiSt a OMAII number of 5¢udents with burs&ry options. and arn Ic•)kin8 to rstablih appIltir $ for our stud¢rtts to fundin8 from thc Rudolph Steintt Association. Th¢ school ¢ontinueJ to parther with th¢ Ashdown Hub. a l¢Jcg1 m¢ntal health th8rily. while studMts have uttdert#kth their Third y¢ar plaeemettts aeross a wide variety of stttork intludinm primary & $¢¢ondary 8ch()I mentsl hellth, disibiliti¢4 homelessness & rnfu8eu. Thc Tntsteu confirn? thai they have ¢omplied with ih¢ r¢quircrnemts of 8eL%ion 17 of the Charities 2011 to have due rewdto the public benefit guidan publiJh¢d by the Ch¥ltyCommi8slon for Englond atKI Wala. All exisling Trn$te¢s r¢maiD in pl¢¢, Ind w¢ w¢r¢ ple48ed to welcome Mr Rob Dob50n ro theTrustee F*)ard in May 2024. Rob bTihga siAttifieattt eomrnereial And teehnicoj skills to the Trust Bnd is a m05t welcome addition. The trustees ¢onfLm that th¢y h4Yt ¢i)mpliryJ wilh th¢ requirements of Secticfi 17 of th¢ CharilieJ Act 2011 w h4V¢ du¢ re8ard to thepublie kn¢fit 8uidano publigbed by th¢Ch8rityCommission for England and Wglag. Pa8e2
Toblas Trust Llmlted Trnstees, Report AchIeVenllts ATrd performinee The 2023-24 academic yeBr has provgj to be a challengng year for Tobias away from the cla&vcw. Student rliMl continues to be a major pre•occupats¢)n for the staff. For our Stsden a weer thange althe wtstinuing cost of living challeng4 ha5 meAnt thHt current snulents numEtT8 have been lower than the fmlty would have wisbed. Sthff thang¢s In the summer 2024, wr said a fond farewell to Gillian David our Head of School and Tobias leader, teacher, meTri & champion. Gill has Ettn ai Tobias foT 33 )rars and so h¢r ¢ontributiffl ¢annN adtelY be expressed Én wttds. Th8klly, she h&8 been around in the new terni to help with tranSitiC to our new Head of School. Helen Mandy. has hw idea$ anddjr¢¢tl sh¢wants for Tobias. We were 8]so delighted to welcome in SeptLber 2024. our new Senior Tutor. Asta Jakobs. is already Proving to be 4 t a55et to th¢ school. Studtst f¢¢dh¢k.. Student feedEqck has continued to remain cxtrcmely positive across all the gr(MS and £11ne cohort5.' a satnple are follows I have IrnLY1 a lot,. 'the Icachin8 h&8 bcen so 8wd' Dnd 'thank you to all th¢ wond¢rful tutors for their insightsand understthjing.. Accreditation: W¢ are delightal to rqjort that the BACP adult ¢se accrcdilati(d) was confirnNI in May 2024 and will198t for 5 This has a major staff pre-ottupalion for the last two years. We are also aelively 8¢¢kiDg ¢redIth11 for th¢ mryjular course students als In additirn, the Britith A¢creditatiim Council (BACI m&d¢ an onsite vtsitrd in DeeemE¢r 2023 and th•r rwt was very poaitÉve and accr4xlitation Wds fllrth ren¢w¢d wtth no action itans. ial rn1a wntinu&s to be the pritnary vehicle advertise the work of the schiyjl. il the SULT1 rccruitmeJt of new students contiDues to be down to the h8rd work and enthS1&¥n of staff. now led ty Helen Martdy atsd Helena o'sulliv vi& both sitevisits and onlinc't¥st¢r' events. 8 fiJll-lim¢ students starting last month in year 1. 8 in y¢ar 2 and 7 in th¢ third pla¢emen( year. Reeruitment h&4 b¢¢n underway fw some time for a third onlirne teaching wurse (Haz¢ll to stan in early 2025. as with the first online t¢a¢htng course (Cherry- 2021h2024). Ihe fornial te8thin8 cttdcd in April 2024. Page 3
Tobias Trnst Llmlted Trnsteesl Report The Second (Oak) part4inw 2022- 2026 modular cours¢ stand irt Spritig 2022, and are now in their thkrd >rar of stutywith 10 studmts. As recorded earliu, student feedback T¢maiDs ¢on51Sterttly very high, owittg w the quality of faculty teaching staff and visiting tOrS foTmerly led by Gill David. ably 5UPPOrtcd by Helen Mandy & Suah Baga IT support - ially with online teaching students aeros& the world and in many diffttent time zones- aga has most ably tr*¢n prthided by Sarn O'Netl. Fa¢iliue& Ryir5 and r¢fiwbishment are8n on-going requirthnthi with Au8USt a period for si8nific&tM planngj maintenance io takc placc with very few sludents onsite. Aut 2024. vrns no diff¢r¢nt with a rnajor r¢furbishrtMt of th¢ Ea$t flaQ $igtLifiwt ¢xt¢rnal r¢pairs to blown r¢nd¢r in our secondary buildin8and e1cctri1 repairs- followxng on from our May 2024 fixed wire in5PeCtia] and report lew 5 years) - were suCce11Y completed. We also improved the senor li8htin8 doml to the art shop & Our radiatLYS and biomass hot water wpply require regular &tta)tiLNk; this summtt we rtplaeed all the main IlIding r&didrS thern?ostats Iwking io proyide a more consistent healing supply -in colder limes - ALYOSS ail 24 njaitt buildillgrAdiator& W¢ ar¢very fortunat¢ ¢0 have St¢ve Clwer as our 'handyman' who is able to'turn hi$hand' to fixing our rnattyaTHi vJri¢d thallengas: m05t recently with fiash flooding Steve h&5 been able to cusiomise & fil more robust 8utteriD8 and new tlathing5. H¢ is able io do this in a timely and exp¢rt fashion, a( a fracttth of th¢ CLNs¢ an ¢xternJ] ¢trlor Wold likely wst. Fire 5afty in5mion8 conlinu¢ ery six mrnth5, a5 a ¢onsequen¢¢- earliu this year- we renewed SA of our fire extiDguishcr& In Fellry 2024. we installLxI FTTr (Fibrc to th¢ Pr¢mTses} ¢0 provide 8 digital CIC voice s¢Ni¢c attd in May 2024. a loeal IT specialisi up8r&dd our wi.fi bcosth to provid¢ a more consistent setviee to Ix)th stAff & $DJdent8 throushtyJLthe buildin& Pa8e 4
Tobfia$ Trust Limited Trustees, Report Flngntlal revlew As you will read on (ther pages the Chority reeorw an operating deficit for the Irar of £17,843. {2023.. defi¢it of £8,782) on incimne of £279,92812023.. £255.283) v Expendiwre6 of £284.77l (2023.. £304,065). Free reserves at the r eDd amountslto £320.756. (2023.. £332.4021 A budgel surplus of £9.826 hAd been projected in Odober 2023 on eStimed income of£303JOO. The actual income for ihe Jr•r to 31st Juty 2024 of £279.928 was a drop of some £23.5c v budget. Duritig theitdr a £25K lJ>)si to our uc¢owi¢ in July 2024 rne from our Close Brothtrs sovings aceount. Thankfjjlly we have savingsfor such currait account Shortfalls. It is worth repeatin8 that the continukn8 economie difficulties and challettges re88rthn8 Stutht recru1ttx1 and cost of living uneertAinties for alL including sDtht4 have Ixett major contributojs to the redueed sDJdent fte ino)me. ChLwiDg to undertake courses in such times are major fir1¢1&] decisions for Sdents considwing multi-)rar courses. SDJdeni fee arrears were at £15,315. {2023 - £6.180), H¢len4 0'Su]livan continues hu hard work with sts to establish PAynent plalls & recover grrears fees. since the 1st Au8USt2024 £4.480 h&4 pi(L Cours¢ fres renth a ehallett8e for snjdents to self-fyn& not bein8 eligible for student IiJ8tts. so we contittue io tyto Tll8intain our fecs at the minimum necdd io eovcr our cc6ts. Hting and ¢lectricity C15. thankfjjlly. reAluccd ov¢r the Irar to £12K rathq thytt th¢ proJt¢d £19K but we a all wehow chang¢able utility cc6ts can Pollty OH restpvés The trust, policy on fre reserves is lo hold sufficient to allow th¢ 5d)ool continu¢ thTough any period during vthich there m8y be 8 sigDificant drop in student number& Free reserves at the year-cnd arnounted io £320.756 (2023.. £332,402X 1¢h thelTUStS consider is 11SfIOry. Strtyctur& gO#The¢ and NTragement Nrtlure tsfgov¢rnln8do¢¥mewl Tobias Tn[ Lirnit&l is a company limital by Buarantee Boverned by its mernorandum and article8 of 0¢latiOn. It is r¢gist¢r ¢hwitywith th¢ CharityC(mmission. RecrnlnRent4ndoppOlMthMf&Itrmsftss Tnjstees are eleLted by the members of the eharitaU¢ wnpatty attending the Annud General Meetin& Trustces setve for a thr JY•r temi And are them drgiblo for rc4le¢rion. All m¢mb¢rs are circulai&J with invilEIiLmS to nomina trusteespriLr io theAGM. advi$in8 them of the reiiringtrusiees 8tsd itiviiing nominat]rll fw the AGM. Jndmcrton tralwlngoftrwiees New trusiets under80 an orienlation se55ion to brief th•n on their l¢gal obligations under ¢harity at)d npattY law. th¢ contents of the metDoraDdum and articles of associaiion. the decision making processes, the busiDCSS plan and financifjl perfornjance of the charity. Th¢y will be Bivcn a lour of the 5chix)I's facili¢ies and an ou(line ofthe adivities. Pag¢ S
ToblAS Trust Llmlted Trn$tees' Report The t(ustees m¢et five limes a Ye to £dmillistrr the ehariry. and the d¥y to day affairs #re mkna8&1 by Att 8drninisttatsr. mdjorrisksllndm4ftwm•QI/hos¢ rlsks Generol RiSkMuH4gem1 The 8th].s updated risk re8iSter Iv.09) 15 revicwcd annually in July and sharuj wilh Tnle£S ai the Odober meetin& li is also reviewed when dis¢ussin8 the next insurance renewal premium with a broker who has been familiar with Tobia5 for many yes. The re & efftthive operatirA) of the school ¢onunues to a major for the focuIiy. Th¢ IN¢8. ri mana8ement Strate is reviewed annually. The risk strategy comprists an on8oin8 revtew of the risks the L4wity miy face,. the tablishmalt of 5temS and predureS to mitigate the idrtttified risks. and the implementation of procedures desigrted io minimise any po(¢niiai impart on the charity should those risks materialis& The COVID-19 pandemie now E¢hind us. but the safe and effeciive Operatic of the stho)I colliitiues (o be tt major pre-oceupation for the Faeultyand Truste&s. ReductirM in SÉudentNumbers A redue(i¢x in StUdl numbers and resuliing loss of revenu To rnitl8atc this we seek to contioually iTnprove our marknting reath and speeifically IrtlyeCd our social media m8rke(in& O¢herRtsks Furth risks wch a5 fiT¢ und busin int¢miptico. Th¢Trst 18 fully insurul aBainsL Such risk& Loss ofkeyxtaff Lths of key staff thrngh sickness or resigttation is w imponant part of th¢ sthool's geo¢ral risk regi51¢r. and cremains a major focus for this cornin8year als In Concl10n, the Trustets rernain most appreciati of the b8rd work of all th¢ faculty, wider the leadership of fmerly Gillian Davi ahd now Helen Mandy as Head of Sthool. The Tntee& are fully 5UPPOrtive of Hclen and wish htt well. Gov¢rndnce With our new H¢ad of Sthool lll place, ¢xi5tin8 poIicia5 and practices will be reviewed ovcr thi5 coming pr" as stsff & wdfare. illduding safeguardin& retn&iTh% most irnp(t. Fthan¢l41 Objeellves thndpoUei¢s Thetharitys aclivilie5 expwe it to a number of financial risk5 iDcluditiB credit ri5K flow risk and liquidiryrisk CAshflow ns* The charity's Aclivities expo8e it primarily to ¢h¢ financid ri8ks of changes inter#t ram however these are considered negliyble. Page6
Toblu Trust IAmlted TrnsteeB' Report The thIty'S prIncil fjnanc4ol areiwth b•lances •Dd¢a tyth4nd ¢xh¢treceivth4 and investtnffl The Ch1.3 ¢rdit risk is primarily auribJMble w unpaid ftt& The arn(118 presen1 in the balanee sheet are net of allowances fv unpaid c(wse fee& An allowance ftr ImlMOI is rn•de where there is Identified loss eveni which. based on previous experbenK is evid¢¢ of w redu1 in the I0verab11)ty of thecash flows. The hzs no 5ignifluN L¥•c¢ty81iLm of edit TisK with ap(we • lug¢ numbu of vkt¢rp4rtia and customers. In tyder to thaintsin liquidiry that ffijnth ue available fry l01n8 •Dd thture developmenw the chltySe1 * mixiurt of1ffi8-trxm shffl-trrn dcirt finkn Furthtr details re8ardlli8 liquidity risk can found in the Sthtrmeni of acwmtins policies in the fits•n¢l stalttnent& Statement of trnrte' reooMlbllld The trwstees {who are the dirtLtths of Tolw Tnw LIMI fty th¢ pu• of c¢ffjpwty hw) Are re4poNible ftt prcparirtgthe 7¢¢S, rwt and the rittanc1 sthtements in K¢Lwdance with aNJlrcthJ¢ l•w pnd Unid Kingd(%n Ac¢ountin8 S¢•nd•As (United Kin8dan Gener•ity Ac¢wI Aceountin8 Pr1¢¢ iDrlydin8 FRS 102 Th¢ Finaniiai Rw¢ing Stsndardapplicable in the UK and RUbliC ofir¢luW. Cornpany 14w requirc5 the trte¢l ¢0 prq)w¢ fin¢111 Stats f(r each financial w. Under company IAW th¢ truses rnll ttot approve th¢ financ] wt•n¢ntl UDle55 thry •r¢ satisfied they 8ive • flir view Of th¢ sta of affairs of the ¢htrithb]e ethnpany #nd of the incrynin8 Tew)urcu and appli¢atirm of resowee4 includin8 its inc4)me attd expendiw of th¢ ¢h4ritht4¢ ¥Py In prep•rin8 thue fittaneial the tnMiee$ uerequir&l to.. s¢l#t suithbl¢ llrwunting p]¢1 thern 111. ob1Ve the mdhLNts atsd principl¢¥ in th¢Chariw SORP: m&keiudgemthtsand e51inthta tha¢ ue Tegsm•bJ¢ ¥nd pnthi statr ether 4¥1icable leec4ting $thnd• C(qllWi$iti8 FRS 102 have bea foll ( w Iny nw¢erhl depArnire digclosed And explineAI irt the finthcial 5tstemert and prep¢ the 6ttlne1 tht¢rnthts w th¢ 8(in8 ¢¢MLvn iwii unle•s it 14 ittwr<ori to pr¢ that the ¢h•ri¢abl¢ ¢(mPaDy will ctinUe in trthiness. The are regp(msible ts ke¢pin8 a¢wJn¢in8 rtayth that can d1sc1C with rcaw4bl¢ al any rime the finonciai posi11 ofthe ¢haritsble ethnpwyofjd enable them io thsure dt the finaD¢i816tstements gjmply with the Companies A¢t 21XJ6. They are also respJnsibl¢ ffix s&fe8uardllig the assds of the charitsble company and beh¢e fty tskJn8r¢R5(ble Meps for the pre¥rttti<n del¢1 of fraud and thher irregulariti The tru5ttts ar¢ r¢sPCmsible for the nuinteDknCtYLd ititwity of the MKrate and financMI inftymaticm iodud•a on th¢ chaTi¢•il¢ ¢¢xnrong5 b5]le. Legislaiiim 8ovunith% the pr9Xrnti(m and disleminetith stAtements MAY difftt from l¢gisla¢i¢m in Otherjuri]et1C(l&
Tobls Tht lkniited irsbellrty. )ArA Cox Company Secr to theTthia5 Tn& B(rd of DiTcdorslTTu4t
Toblas Trnst Undtsd Independ¢nt Enmlner's Report to the trustees of Toblas Trust Umlted ('the Company,) I T4K to the dMritytrUSteeB on my ¢xarninatiLTL of the aL¥owitsof theC(4npgny f ther ¢ndeA 315uty 2024. ReVbIllI1¢• Iud b# ofreport th¢ tharitys tnJses of the (and 8150 its direc¢tys fty the pUrIK of company law) are rcsponsible r(r thepr¢pualiL¥L ofthe ID a(&xdAn¢e with the requifantnts of th¢Cc4npanii¥ Ad 20061'th¢ 2006 Aci'l. Havin8 uii8fied mC1f th8t th¢ of the Cryy •r¢ nrt to be audit ulld Part 16 of th¢ 2006 and are eliBibl¢ for indetKnd•t ¢xarninaiim. I in rapea of my examinau(• of your tharityÈ ae¢ounts carri&l out undtt 5ti(• 145 of the Clwilics Act 2011 ('the 2011 Act.). In c108 (t my aaminatico I h4v¢ followed the Dire¢11ThsiVcn by th¢ Ch8rity cmi¥lLl undusectith) 145ISMb) of the 2011 Act. IDdepeDdent tJwttltt¢r'i te•t Sirtte the Compattls w incLMne ¢¢thed £250.LKXI w ex•miw rnw¢ Ir • m¢mbw of a body listed in %10 145 of the 2011 Act. I c(mfirni l am qu•tified to undtttske th¢ ¢xamin8tith l am a membÈr of , 1c i8 (e of the listed Ixdi I have c(ffjpl¢ted my examinaliffj. l ¢¢rtfirni no mltters h4%t my irt ctyrteai with the ominatiwL giving me au5e tobdi¢ve'. l. i¢coun¢in8 r¢v)rth kep¢ in rewt of Tthias Tn Limited u rquirol by 386 of the 2006 2. the •¢e¢uttts do not i¢thxd wilh thcle rectyds" or 3. the Aeeounts do not eomply with ihe acccAthtin8 Tequirem¢nts of etic 396 of the 2006 Aet other ihon ony requiremrnt that the accounts 8iv¢ a 'try¢ •nd fair view 1¢h is a matw Mnsidered JB pjrt of •n ind¢wdaLt examinati. 4. the accounts have b¢¢n prqmred in actorth¢e with the m¢th(11s Ind principle8 of the Statanent of R(ended Practice for oK(rtm¢in8 and reportiti¥ ity charities lapplic8ble io charities preparin8 their ts in with th¢ Financiol ReIng St•ndvd applicable iti the UK And Ryblie of Ireland (FRS 102)]. L 1C no ccerns 4nd have c(rfne 4cr(w no h¢1 matm tn with the exnin11c io l¢b 4t1( should b¢ drawn in this rryxt in der lo ¢n•lAe • Fywundustsnthg oftheacctmmts to E¢ reathed Walsh FCCA 39 High Str BAttIc Easr Sussex TN33 OEE
Tobla8 Trngt Llmlted StAtement of FlnAnclil Actlvltles for the Year Ended 31 July 2024 (Includlng Income and Expendlture Account and Statement of Total Re¢ognlsed Gglns and Losses) Total 2024 UnreIeted Not¢ Ine(rne And EndowM¢nt• from: 25S,574 255.574 Invegtsn•it in¢4•n¢ Totsl income 279 928 279 928 Expendlture on: Itsi8in8 lId$ chlbLe ac(ivilie8 (1.888) 282 883 (1,888) 282 883 Total expellditure GAinw]05oeJ on invcsmient a6ts (284.771) (284,771) N¢t ¢xpMdittllY N¢t mov¢rn¢nt itt fid& (17.843) (17.843) Total fimds brought forward Total funds carried forwArd 807 924 18 790081 790081 The notes on page5 14 to 24 ftm kn inte1 part of th¢8¢ finallcid statemen Page 10
Tobfi Thijt IAmlted Statement of FlnanciAI ACtItIeS for the Yr Ended 31 July 2024 ncludlng Income and Expendtture Account and Statement of Tolal Re¢ognlsed G9 and UnrutrJete41 2023 Note IDCOmt ¥Jnd Endowrnents frollL' Charitsble 1VIll¢S InvunCnl inuffi¢ Oth¢r inwm¢ 235.447 19.032 235.447 19.032 804 Total income E3p¢n•Jltur¢ Raising funds Chwitaile •divitLe4 (2J211 {2,321) T1 fAp¢ndi¢ur¢ GainAIIo88cs on Inn¢ assets 1304,0651 1304,065) Net expettdinwe Net movement in (8,7821 (8.782) Tothl fijpds brou8hL forvArd Totsl fiuJts¢•rrieAI ftywotd 18 All of ihe ¢haritys Ktivitiu derisy frthn LxMtinuin8 thwiti8 the#ix)v¢ wiodK Thefithth tethknm fc 2023 li in n(*e l& Tbe nc4e8 14 to24 fLfrn an iDtey81 panof these finallciai 8th¢em¢n
Tobtss Trust Llmlted (RegLstratlon number. 4766518) Balance Sheet •t 31 Juty 2024 2024 2023 Tatt8ible8ssas 13 14 172.325 297.CiKI 165.522 310.000 469 475.522 crreftt sts 15 16 6.1 20.737 300J13 7265 11255 325.2B7 Cath at iBnk and in hand 327.951 344.807 17 7.19 12.40 Net current wets 320.756 332.402 Net assets 790.081 807.9 ds of the ¢hTIty. Utsrestrl¢ted fine0 f¥ Unrestr1d thnds 790.081 80?.924 Totsl fthi 18 790.081 807.924 For the financial yrar ¢nding 31 Juty 2024 the charityBTrs ulitld frthn audit 8edi(ffl 477 of the Companits Art 2006 relatin8 to small ¢xxti[L DIrectS. r4sIbIlitie& The membus hive nirt required the th#rity to drtain audit of its Kcojnts tr the )tar in quesLiLI 111 with section 476. and The dÉrectry5 acknowl* their resplmtsibiliti fw cunplyiDg with the rwuirall4rS of the kn with respect to ThenrAes ffi Fogc5 14to 24 fcqm of these finaDcial stattmen P8ge 12
Tobias Trust Umlted IReglstratlon number: 4766518) Balance Sheet *s at 31 July 2024 The financi stat¢m¢nts w pages 10 24 were Approved by th¢ tr$1¢¢4 authoris¢d fty i&que on ...... ....... .... and signed on their Ed)alf by. L&dy C M Aldthi Twstee Ms J T I81] ThcnotC5 OD pa8cs 14 to 24 fm an integral part of these financial staiements. Page 13
Tobias Trust Llmlted Notes to the FInancI Statements for the Year Ended 31 July 2024 I CbaritystAt The charity is limifyt by 8uar8nt4 incorporat¢xl in Engknnd and Wrdles, alld consequcntly does not bave sha pitsl. Eath of the tnwte¢s is li4bl¢ to contribut¢ an 8mount Mot exceeding £10 towar(L% the assets of the charity ID the eVt of liquidati. The address of ltsreg1ster Off 15.. Tobiw$ Schix)l of Art & Th¢rypy Ccrfjmbe Hill Road East Grinstcad West Swex RH19 4LZ 2 AetollntlDg p{Cle$ Swnm8ry of dgnlfi¢8nt pdldes llDd ky accounting e%tltnates The prin¢ip81 aOnting poli¢ias applied in the preparation of these finan¢iai statemcnts are s¢t out below. poli¢i¢s h8v¢ b¢en ¢4rtsistently applied to all th¢years presente4 urtless ¢)thttws¢ state Statement of compllallee The financial StateMts hov¢ been pr¢paroJ in a¢¢¢xd8ll¢e with Accounting and Reporttng by cbarIti Sthtemellt of Rttomrnended Practic2 (applicable to charities preparinB their a¢cout)ts in accordance with the Financial Retthing Standard applicable in the UK and Republic of IrelaDd IFRS 102)) (ISSU in October 2019)- (Charities SORP (FRS 102)). th¢ Financial Reporting Stsndard applieabl¢ itl the UK and Republic of Ireland IFRS 102) and th¢Compania4 A¢t 2006. Ba5 of pr¢paratloD Tobias Tryst Limit¢d m¢¢ts th¢ d¢finIti of a public b¢n¢fit entity under FRS 102. Assets and liabilitie5 are initialty rttognised at histtiritai ¢t or tran5actitffi valu¢ unless othmvise Stat in th¢rel¢vani a¢c(#Jntin8 policy note Golng eoDtern The trustees consider that there are no m8terial unccrtainties alK)Ut th¢ charitys ability to oJntinu¢ as a going con¢ern aoy SigDifi¢aDt ar¢•$ of WLc¢rtainty that affect th¢ wing Ille of assets hdd by the Charity. Exemptlott from preparlttg # eash tlow xt#tement llleonR And endoMneTrts InvesfM¢Mlncome Inv¢s¢men¢ income is reccgnised on a reeeivable bASiL Pa8e 14
Toblai Thist LAmlted Notes to the FID1nd SttrmeDts for tbe Yur Ended 31 Juty 2024 EtdIre All expenditllre is r&ywised onee thern li a lyl LY Lm¢ve dl11gati( ro thHt eXpdi 1¢ is 5ettl¢rn¢nt 16 r¢4uired and the Amount C k rneas reliably. All costs are allcattsl 10 the applicabl¢ expenditUTe headingthat a8V¢8Lte $irniknr tLrfts iothat caie8(4y. Whueaists caonu be direaly attribut to partili headingB thcy have i%cTh alloe4d on & bui8 ¢onsislent with th¢ we of rewurcffj with whtyal staff allated on the Lsis of time spenc depreci•tiLm chargu kMIed (o th¢ of th¢ asset's UK. oth Iuppwl cosis Ar¢ &ll(gedid on the8pread of 5ff c(6t& These are c(ts incwrd in 4ttraW 4oiuntary the nwwt of investm¢ots thc4e incurrtA in trading activiti¢8 that Tai8¢ fimth. Charitable eXPdIn¢tjri5¢1 th¢ c(4ts by the twity in the delivery of it8 activitie8 and s¢rvi¢es f its t¢n¢ficiKie& It include81th C( that be •lkuwI dirwthy •uivi(iN and those of an indir% nanre necew to 6UPPLm then Gov¢rnno ¢ts These include the ccdts aitrilxthbie to the ¢hvity'S canpli•nc¢ with Conlti11 Ind swuttyy requIreMty in¢ludin8 Budic $trate8ie trullecs medin8S •Dd re1mtrwd Tmdon The charity 18 CLMiiderfd w plss the out in Pa l Fh¢dle 6 of ihe Finance Act 2010 and therefore il meets the d¢finiii(m of 8 chwitsbk ccfflpY fly UK clrpwt1 tax purpxu. Accordin8ly, the chority 18 Wentially exempi from taxaiicm in rewt of inwne ( upital gain$ reeeÉbYd within catwie8 covered by Chapter 3 Part I I of th¢ Corporalico T&ry Ad 2010 w S¢¢tion 256 of the of Chor8eAbk CMin5 Art 1992. to the tellI th w¢h inMm¢ or 84ins appli¢dadwiv¢ly dwithW¢pury TAnglbie flxed nets Ihdividual fix ASS¢ts K4tin8 £1{. ry mtyc 4r¢ initially at rt la8 wny 5ubKquent an18tl d¢pr¢¢i•iity and suuM¢ I¢17111 imp•imw¢ Io56C& DcpreciBtirxi is providd rm tsnBiIAe fixoa a58¢ts 80 15 10 off the Cl or valuati(m. leBS Y alintl residu valu& ovu th¢ir expwted weful ¢conomi¢ lifr u follow5: Ikpreeldm method Ald Mte 2% str4i8bt line basis 25% r¢du¢in8iwl•nce Frtchold interttt in lknd Ind lIdIn Fixturu 2Dd equipment P15
Toblas Trust Llmlted Note6 to the Flninelal Statements for the Year Ended 31 July 2024 Invekncnt proptrties Investment property is Carri at &ir wlu< derived from th¢ markd pritts for compJr¥bl¢ r#1 estaie r¢viewed annually by the Trus(ees using ob6ervabl¢ tn4rke( prices. adjwsted if neces8llry for atty diffemee in the arur4 locaiion or condition of the spIfiC J¥s¢t. ChanB¢s in fair vAlue art recOlS¢d in profjt or loss. Stttk Stock is vglucd al the lowtr ofe081 and esiimaied selling price Icss costs to complele and K]l. aftu T¢gard for obsolete and Slow moving Stocks. Cost is ddern)ined usin8 th¢ fiTUt-in, first-out IFIFOI. Trde debiorl Tr8d¢ debwrs ar¢ nOun¢8 due from cu8tom¢r8 for merch4nitiK iold or 8¢rvI¢ p¢rfomi¢d in th¢ ordin•ry ¢our8¢ or IineSS. Trth d¢btor$ w¢ r¢¢o8nis¢d initially It the tron8ocllon pr1, 1¢65 provision for lmpainn( A proviiirn ft the impAimi¢tti oftr&d¢ debtors 18 estsblished when there is objecLkv¢ ¢vid¢n¢e Lh¢ ¢h•ritywII llo¢ b¢ able to Collt all amounts due according lo the Origi1 ¢¢rms of th¢receiv&bles. and equlvaltnts Cadj and cash equivalents comprise cash un hond and call depcoi¢S, and oth¢r shorf-term hiyhly liquid investments that are rdI]Y convertible to a known omountof cath and are subject io an insiBnificant risk of Chan in Wal. Fwid ilruetsre Unrestricied income I1& are Bcn¢r81 fimds thai are alIable ts us¢ at th¢ trwt¢rs dixretlm io fiwtherw of th¢ obi¢4tiv¢s of ¢h¢ ¢harity. Peniloni And other pwt retlrement obllgallohi A defined c(mtributi(m plan is & pension plan undtt 1¢ fixed contributions £ plid into 8 pension fimd gnd the thority has no legal or constrncrive obli8Qtion to pay further ¢ontributions even if the fijnd does not hold suffl¢ien¢ a58ets IO pAy all theemplo>te8 thebeThefits rela(in8 (o empl scrvlce in the curr( and priorperiods. Contributions to detlned conlribuiion planB are reoJgni8ed employee beneflt expense when they are due. Ir contribution payments exceed the con¢ribuiiw due for seTric4 th¢ excess is r¢co8nised as & prepanent. Page 16
Tobias Trnst Limited Notes to the Flnanelal Statements for the Year Ended 31 July 2024 3 1Deome from charltable aetlvld Unrestrfcted Totsl 2024 Tot81 2023 General Tobl8s SclM)ol of Art & Theropy Thitiim ftes Sale of art materials Rt from rooms 219,401 12,613 23,560 255 574 219.401 12.613 204.085 7.832 255 574 4 IDve8tnwnt Income Unrtttrieted rwids General Total 2024 T•tal 2023 ltttcrestrcccivable and similat income: Interest receivab]e on bank deposits Income fmrn Tents 12,504 11,850 24.354 12.504 11.850 7,332 11,700 24,354 S Other In¢ome TotAI 2024 Total 2023 Othtr ineome attd 8itis 804 Page 17
Toblas Trust Umlted Note$ to the FInAncI Statements for the Year Ended 31 Juty 2024 E4nd1thre rAts18 fuMd$ a) Inveitment managenDÉ eosts Unrestrfetsd Totsl 21)24 Totsl 21J23 General othwtnvestm¢ monag¢rnen¢c05ts" Amounts pwblc to propertyrn&BUS 1.888 2.321 1,888 1.888 2,321 7 Expendlture on Charitable Aftivltics UDrestrleted funds General Total 2024 Tobias School of Art ItTherapY DepreciBIi(rfb. anwrtisatico andsimilar Stsff cast 144.694 5.662 132,527 144,694 5.662 132.527 282.883 Unrestrlcted fuDds Gener*1 Totsl 2023 Tobias Schryjl ofArt aThdTherapy Depreciaii(n, anwrtItic d0thsImilarcosts Staff costs 167,070 5.562 129.112 301,744 167.070 5,562 129,112 30I,744 Pa8e 18
Toblas Trust Umlted Notes to the FIDYdnC1 Statements (or the Year Ended 31 Juty 2024 8 Amlyth ofpvernAnee Dd m4bport ¢tI Gover eosts Unrutrleted Tot Genernl T¢)tsl for 21)24 9 Net IncomlnWoutgoln8 reMurce• N¢t outioin8r¢sow¢¢8 for th¢ >wr in¢ludv. 2024 2023 Depreciatico of flxed assets 10 Truste41 remuneratlon expenRI During the year thecharity made the following tranSl0n& with Ill.. Lady C M Aldert•n Lhdy C M Altsttm received r¢munereii(ffi of £4.313 (2023: £6.090) durin8 ihe >vr. Rernuneration piid for feeb al a'Pla¢¢meni Clthinaiorf. No Lru6(ees have received any reimbursed expEtLS4 W 4ny other benefits from the charitythirinK the year. 11 S¢*(f The a88re8dte Pa] costs w¢r¢ 08 follow8: 2024 2023 Staff ¢osts durlThg the year werv. WA8e5 and5wl8riY8 S(Kial 5urity costs Pen&ion costs 119.392 4.873 121.182 4.952 2.978 132.528 129 112 Pa8¢ 19
Tob128 Trujt Llmlted Notes to the Flnqnclal Statem¢nts for the Year Ended 31 July 2024 The numbv of pers(w (induding 8enior mAn48untht team) thnplo by th¢ ¢hariry durin8 the >Yor was a8 Collows.. 2024 2023 T¢•ching AdministrRtion 4 (2023- 4) ofthe above employees p&rticipated in the D¢fin¢d CtribUti¢M Pensi(ffi Schem¢8. C(ffjrrilMti(ffi8 to th¢ employee pension %h¢mes for the totAll¢d £3,26312023- £3,283). No anploFe received emoluments of more than £60,OOOdurin8 theye4r. The tothl emplo>te bthefits of the key matta8ernt personnd of thocharitywere £69,390 (2023- £31.6801. 12 T*x•lloR Th¢¢hwityi& a r¢8lst¢rèJ ¢hArityattd is therefore exempt from ¢orpor¥lion tax. Pa8e 20
Tobi Trust Limited Note8 to the Fln2nclal StatemeDts for the Year Ended 31 Juty 2024 13 Tallwe fixed 5¢1• L&Dd and bulldln8S Furnlhlre XDd equlpment Tot At l AUBW 2023 Additions 242.620 11.598 65.471 867 308.091 12,465 At 31 July 2024 254218 320 556 Depre¢FAdon At l August 2023 Charge for the yEar At 31 July 2024 Netbook 81,787 60.782 142.569 86,252 61,979 148.231 At 31 July 2024 At 31 July 2023 160833 165522 14 Tr11 asset Inveotments 2024 2023 tnvestnMtpropenies 297.000 Investment pr(pertl Invutmtht properde8 C05t or Valuatlon At l August 2023 Revaluation 310,000 13,000 Ai 31 July 2024 Net brKJk v41ve At 31 July 2024 At 31 July 2023 297,000 310.000 The inve51rn¢nt property has been valucd by theTruste¢s usin8 ciyretit markd dats for th¢ Eost Grinstead ar4 with Isideratiffj given to typ¢ of property it IS. PaEe21
Toblas Thist Llmlted Notes to the Flnandil Statements for the YeAr Ended 31 Juty 2024 IS Stock 2023 16 Debtors 2024 2023 Trath debto 15.320 1.667 8.325 1,430 othdebtOr 17 Credltors: amounts 1[ due wlthln one ye Othtt treditors 2.799 4.396 2.323 10,082 12.405 7,195 Pe 22
Toblas Trust Llmlted Note8 to the FlnAnclal Statements for the Year Ended 31 Juty 2024 18FM Other rtCO8nld Bglance at gaIn(loel) 31 Jllty 2024 BAl#nce 4t I A1¢ 2013 Inc•DnI rewurcei ourtei tended Utsr¢¥trl¢t¢d Genernl Gener ilmd Revaluation reKrve 679,008 128 916 279.863 (284.706) 674.165 115 916 807 924 279 863 Other recogDlJed Balinc¢ It y1nole8) 31 July 2023 BAlan¢4 at I August 2022 Intomlng rciour¢ei Resour¢ expended Unreitrietod (nd G•n*MI Gener fjJnd RevaluAiiots resth 727,790 255,283 {304.065) 679,008 128916 304.065 Pa8e 23
Toblal Trllst LAmlted Notu to the ThnAnelal Ststements for the Year Ended 31 July 2024 19 of The¢ b¢the¢u fiwth Total At 31 Juty Oth R¢VltIon Ge•¢rnl 2024 Tan8ible fixed uscts FIX asger inveslTnem 17U25 181.084 327.951 172J25 297,000 327,951 115.916 Currnt lilIttle8 T(tsl net UKIB 115916 790081 Tots] at 31 July U4re#rfeted fonth Othor Rmlwitlon r¢J¢rn 2023 TinBibl¢ fjx•J Fixed #Jset inv¢¥tments QJrM¢ w¢1$ Currtht liabiliti 163.522 181.1)84 165.522 310.oc 344.807 128.916 12. T(rt•l net al8¢ 128916 21J Rl•ted p*rty trA4Mdlo•• Durin8 the >tar the Chtyrn1d¢ th¢followin8 C Aldertsn (Chair of Trusi#S and pl Coxdinat(Yl Services provided to the thlty for the rol¢ of pl crdinAt £4.313 (2023: £A(W). At th¢ E•l4no Shed dat¢ th¢ due t&frL¥n C A]dert Wry5 £Nil (2023-£Nil). P•8e 24