Company raglstratlon number 07338516 (England and Wales) Charlty reglstratlon number 1141825 IEngland and Wales) BIODYNAMIC AGRICULTURAL COLLEGE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Agricultural College BIODYNAMIC AGRICULTURAL COLLEGE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr L M Aldington Ms J Rosenbrock Mrs S Khalgque Mr L Smllh Mr N Halfon (Appointed 1Q January 20251 (Resigned 31 August 20241 {R88igned 15 DeceTnbgr 20251 {Re51gned 15 Febwary 20251 Mrs K Suskin Charlty numbor (England and Wale5} 1141825 Company number 07338516 Reglstered offlce Palnswick Inn Project Gloucester Slr88t Slroud Gloucestershir8 England GL5 IQG Independgnt examlner BK Plus Limlted 6 Manor Park Business Cenlre Mack8nzle Way Chelt¢nham Gloueestershlre England GL519TX BIODYNAMIC AGRICULTURAL COLLEGE CONTENTS Page Trustees, report Independent 8xamineffs rewrt Slalemenl of financial actlvlties Slalement of financial poslllon Not&s to the financial slattsmenls 7-10 BIODYNAMIC AGRICULTURAL COLLEGE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Th8 trustees present Ihelr annual report and financial slat8menls for tha year end8d 31 August 2025. The financi81 stalements hav8 be8n prepared in accordance with the accounting pollcies $01 out In nole 1 to the financial slaterr8nls and comply with the charills goveTnSnu document, the Companies Acl 2006, FRS 102 The Financial Reporting Standard applicable In the UK and Republlc of Ireland" and the Charities SORP 'Aecounling 8nd Reportlng by Charitles.. Slalemenl of Recommended Pradice applicable lo charilies preparing their 8¢counls in ac¢ordance with (he Financlal Reporiing Standard applicabl8 in the UK and Republic of Iraland IFRS 1021.. Obleetlves and act4vltles Th6 charitys objectives, as defin8d In th6 Memorandum and Articles of As80¢181ion. are lo advance èducation for the publio benerrt in the blodynamic rnethods insplred by Dr. Rudolf Sieiner for the bellerment of fam)Ing. forestry and gardening In such w8ys as the Iruslees may delemine. In delerminlng how to best pursue ihese objects, the irustees have had regard lo th8 Charity CommissiarE'8 guldance on public benefit. The activlues of Ihe College Indude fv40 biodynamSc app¥oache8 to educallon.. Ihe Work Based Learning course, which involves practlcal exper18nc• 2nd accompanying education on on faTrn plac8mgnts', and biodynamic online courses, which provide5 distance leaming to students both in the UK and abroad. VSslon and valu6x We envisage a worfd in whlch high*uality nutritious food for local wmmunilles is brought about by infoYm8d praclitioners working with nature uslng a blodynamic approach. Biodynamics challengos much of curr8nl PTactice in agriculture, requiring a re6oarchlng, principled and pragmatic approach. This demands of students that they examine thèlr own understandlng ol nalure, 8griculture and culture. We Bre deeply awatE ol our responslbilily toward8 our students lo provide an effeclive educational process, which provides the conditions for deve.lopm8nt of knowledge, understanding and skllls simultaneously. Therefore we value èducation in which sludents are supporÉed in combining theorelical knowledge, philosophlcal understandlng. social abilities and practical skills. Purpos9 The purpose of the Biodynamic Agricultural Colleg8 Is to f8cililal8 the Irairhing and dev81opment of biodynamic practitioners in the UK #nd across the wodd. BIODYNAMIC AGRICULTURAL COLLEGE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perforniance Charltablo actlvlties During the period in questSon the Work Based Leaming IWBLI attalned a sllghtly lower nurnbor of 5ludenls compared to the previous ye8r. The Co11eg8 8xporieneed less interest from potential students and training farms allke IL¥ join th8 WBL scheme. This will have a number of causes. like a general financlal Insecurity in society, hlgher Inflation, rising18bour costs and higher earning expectations from'new enlranls,. Despite Iho lowei uptake, th8 WBL $ludenl sa115facllon and diploma achiev8ment continu8s lo be hlgh. The ￿ntInUed high quality of the course is also re(&ctÈd in the continued hlgh quality from Crossfie1ds In8tilute. Ihe WBL diploma awarding oigsnisation. The seminar structure at a range of venues across England conlinu8S to deliver the curriculum wilh 8 range of experience and meeting students n88ds and expeclalions. Th8 WBL lost a mernb8r of staff, respon8ible lor bo(Ik keeplng, portfolio assessments and other g6norBI support. A restructure to fill those gaps was planned and implemented. The online coursè subscriptions have beèn lower than in previous years. Reasons for the lower uptak8 wll havè a number ol factors, like more compelillon in online tearning offers. general flnanci8I insecurity in society and a n88d for update of our online wurse offer. A new strategy foT the online course offers was developed. Add11ional fundraising for the developmont of a new onlin8 wine-making course resulted in a £4000 donation. The BDAC look on soma cours8 d8vÉlopmenl research work for the Blodynamic Assocjalion {BDAI. This work was 1￿mpleted. All Trustee5 remain commltled and continued their support vla G-weekly Zoom mèèllngs and on$ annual face to face vision day in January. No trustee resign8d and one new ong was appointed In January. Since Septemberf25, two Irusle8 reslgned. in December'25 and FebrLJary'26. Flnanclal r&vlew Th& WBL finances ar8 Stlll good, however lower incom8 and higher expensgs requirè a restruclura and new efforts raisa the financial sust8inabi1ity. The slabb Trustee group continue5 lo support tha BDAC 8Ctivili85 regularly and frèqu6nUy wllh advlce, guidance and encouragèment. The online course income continu&d to fall behind expeetation5. Th8 abillty to attract donations for on5ine development Is still positive. The Work Based Learning IWBLI had one reslricled Income strearn from the BDA for specific research work, accomplSshed withln the year. A small surplus St￿ngIhe￿S th8 overall sustainability and resilience. Fulure plans The Work Basod Laaming will conllnue to deliver high qualily teaching and keep best quality assurance Praolices ackllowledged by Crossfi8lds Inslitule. A campaign to recmit 8nd support new work pLqoemenls and students will b8 made, to enable an incr88sing number of wtential leamers to find placernents. The use ol Ihe Thlnkific online learning plafform for WBL study and portlolio 8ss8ssmenl will be implemented. Th8 W8L Scheme could b8 adapted to the Government apprenlicaship scheme. Thls will need substantial research and planning. The online tralning airn5 to reslruclure the online course offerlng and and add a new wine-rnaking course in addition to the vitieullure COUTSO. More fundraising Is required to implement the planned course renewal for 8XlSting online COUTses. BIODYNAMIC AGRICULTURAL COLLEGE TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORTI ICONTINUEDI . FOR THE YEAR ENDED 31 AUGUST 2025 siructurvb govoYnpnGP and man*lltsm*nt Governlng dtrcument Biodynatnli Aorfcullural College is a charrfatrA& company limited by gurtrantsè, IncNporaled on 6 Avgv512010 3n reg151eied as 4 ¢harliy en 11 Msy 20fj1. 11 Is gov8rned by a Meworandutn alld Ailides ol As'soci81ion Is onlrollgd by ¥ buard of trustees, whD5e mtmbtrrs ale confirmed ai IhE Annual QeneTg1 meetin9 artd who Ére dweclors loi Ihe purpose ol companylaw aN5 IrLk4lees lorll* puipose ol ¢haiily law. Re¢rultm¢nl and appolntmonlof new truEtgTrB New Iruslo0& Ère seleeied on Ihe bas15 of Ihv conlrlbution Ih81 Iheyivlll maktr to Iho govemance of the (Yyanls3tion and Ihe skrfls Ihal Ihèy Wi11 conlribulo. Théy 8ro piovidad with copies DI Charity Commissron's ouidallG8 10 truslees aiid given 8n iniroduclion lo the acb'villes ol Ihs cliaFIty by Ihe exlsling btsaid and s$nior Manage￿e￿i team. l ol the cliarill5 iruslee8 81e provided wllh as$nd wheii required. RIAk ManagernBnt ThE tru$t¢es h3ve è duty ￿ idenirfy and revRw the rlsks Iv whlth Ihe rharily Is expoÉed and to eliyj￿ approprlale ¢onlftls *re In pTra¢e to woyide rèasonatle assurfin￿ ggalnsl fraud and ¢mr. Ust tsf trustses The trusie6s. who 8ro also Ihe diro¢lors for tho purpose ol company law, 2nd who É8rved dviing the ygarand up EO Ihe dBl& of slgntsiurfr of ihe finanrial ¥lal8mtrn15 are IL%led on L8gal and Adminislralive 51 the fro￿1 of Ill￿e financial skniomonl. ststtmettt of Trustee's responsibllitie The I￿Stea5, whtr ar8 also the directors ol Biodynam￿ Agrtculliir81 Colle¢e for the purpose ol company law. are iespgnsible foi P￿paring Il'.e Trus￿85. Report and Ihe finandal $latEnienl$ sn Bccord8n￿ with appth'tèble law end United KlngdomArtounUng standards (Unlled Kingdom GenerallyAcccpled A¢Coun￿.￿@ Pr8c¢￿e1. Company l£w ieguiFes ihe iiu$iees io prBpartt fiiianiial slalenienls for e#¢h fioanclal year whlch givE a IFue and lalr vlew of the s14te of atfalts ol Ihe charily Rnd ol the Incoming t6sources and 8ppSicalion ol resources, Includin¥ thE inwrne Bnd exp*)diluro. ol tho charilal￿ rA)mpany fnr ihal yeAr. Io PFepariiig IhÈse fiiiancial siAILJnients. Ilie IrusleB$ are fE4ul>ed to.. seloGI sulla￿e iL ¢counliiig po11cdes and Ihen apply ￿)eM consist￿lly., ob5eNe Ihe rnelhnd8 and pfinciples In the Charities SORP.. niake ludgenieiiis 8rJd esi1rn31es that Bie reasonatle and pwoenl.. siale whoihor applicable UK AGGounliftu Slanddrds liavu b6Bh ftsllowed. subleGI lu any maitsdal d&p8rtures dis¢105ed and explained in the Iinancial slal&rnenls-, and pr¢paiB Ill￿ fiiisnclal sktsmenls oli Ihè conceiii bFJsis unl¥s$ 11 Is InÈppioprial¢ lo pre5unie ihai the chaiily wlll ¢onlinue in opEr&lion. Tho liuslees Bre fespDnsiblt ftr keeping adeqii&le 3ccounling iecords Ihal diydose wilh reasmable 3eciiracy al any Ilnig Ihe financial p0511ion vf ¢h¥rlly and enaW& t￿7&￿ lo en5Ufg11131 thè linAnLIBI slslemenls comply wllh IhB Comp8nies Act 2006. Thay ar¢ tllso respons1￿e for safegLiaFding the a5s915 ol Ihe charily and hÈneÈ for taking ¥8asoneNe sleps for Ihe preventic* ¥elfyGlion DI fraud and olher ir*egulardS9s. Tho trusi6es' report was oppitwed by Ihe 8oaid ol Tfiislees. s J Rosenbr￿￿ Déie." BIODYNAMIC AGRICULTURAL COLLEGE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIODYNAMIC AGRICULTURAL COLLEGE report to th8 Irustè88 on my examinallon of the financial statements of Bicxlynamic Agricullural College Ith6 charity) for Ihe year endBd 31 August 2025. Ro$ponslbllltl8s and basls of report As thB trustees of the charily land also its diieclars for the purposes ol company lawl, you 8r8 r8sponsibEe for the pr8parallon of the fin8ncial sta18menls in accordance wth the requiremenls of the Comp8ni8sAct 2006. Having satisfled myself Ihat the financial statements of the charity are not rèquired lo bè 8uditad under Part 16 of thè Comp8nies Act 2006 and are eligible for independent examination, I report In respect c)f my examination of the charlly's flnancial statements carrEd out under se¢llon 145 01 the Charities Acl 2011. In carrying out my examinatlon I have lolbwsd the Directions glven by the Charity Commisslon under seclion 14515llbl of Ihe Charilios Act 2011. Indeptndent èxamlner's statement I have completed rny examination. I confirm that no matters have come to my 8tlèntion in connection with the èxamlnation giving me cause lo believe that in any material respect.. accounting records were not kepl in réspècl ol the charity as requir8d by Secti￿ 386 of the Companies Act 2006. thè financial staiements do not aocord wSth those records.. or Éhe linanc4al statements do not compty wth the accounting requirem8nls of seGtlon 396 of the Companies Acl 2006 other than any requir8m8nt thÈt thè financi21 statements gwe a true and falr ￿ew, which is not a matter considered Bs part ol an independenl ex8min8lion,' or the financial slalernenls have not bèèn prepared in accordance wllh the m81hods and prlnciples of the Statement of Recommended Practlce for aceounting and reporting by charities appllcable to eharilies prepgrlng Iheli finanaal slalemenls In ac¢ordan¢ts w61h the Finanoal Reporting Standard appllcAb16 In the UK and Republic of Iréland IFRS 1021. have no concerns and have cone across no other mèlters in connection with the 8xamination to vA)ich attention 8hoLtld bÉ drawn in this report in order lo enable a proper understanding of the financi81 stat8rn8nts lo be reached. R F Downes FCA BK Plus LimSted 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL519TX England Date.. BIODYNAMIC AGRICULTURAL COLLEGE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2025 Unrestrlcted funds Unre5trlctod nds 2025 2024 Notes Incomè from: Donations and legad88 Charitable actlvilles Investments 4,023 47,580 154 1,OCIJ 55,965 113 Total Incom8 51,757 57,078 Expendlture on: Charitable aclivi118S 48.868 56,236 Total expèndlturn 48,868 56.236 Net Income and movement In funds 2.889 842 R8conclll#tlon of funds: Fund balances at 1 $8plember 2024 25,426 24,584 Fund balances at 31 August 2025 28,315 25,426 BIODYNAMIC AGRICULTURAL COLLEGE STATEMENT OF FINANCIAL POSITION ASAY31AUGUST2025 2025 Nole$ 2Q24 ¢uF*8Trt os$ats Doblors Cash al b8Dk and In hand 260 26,823 3.380 22,325 Crèdll*r5= amounts falllng due wilhi 0￿£ year 29.IW3 25,705 12791 Net curt?Trt a8Eel8 28.315 25,426 Th* ILtnrt 01 Ihe ch•RIIy Unresiricled funds 28.315 25.426 28,315 25,426 Thp o)mpany Is ¥iilllled to Ihe exfjtnplion audit ieouir91neM conlained ￿ Section 477 DI IhB ConwAnies Acl 2006. forthe year Ènded 31 Augusi 202 The dlrgciors acknowledge Iholr rÈsponsiknlilJe5 fis comptyin9 4¥llh Ilie vequlremenls of the A¢1 2006 wilh respe¢l lo accaunlift9 reGoids anJ preparalion ol finanuol st8lemeni5, T1￿ members have noi requlied the company lo oblaln an audit of 115 frnBn¢ial s1È1gmtsnls k)rlhé year in qvesti￿ in accordance wilh se¢llttn 476. These fiii£nThal sloiemÉnls have been ptepared in 8t¢ord2nc& ￿th the pi0¥15￿1£ awicabltr kn £ompanlès ststytl l(t the sM811 cx)mpaniets Tegline. Th￿ f￿anCI￿ stsbments were 4Jprovpd by the trustees on . I I s J Rosenbroek Tiustfro BIODYNAMIC AGRICULTURAL COLLEGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles Charlty Informatlon Biodynamic Agricultural Colleg8 is a priva16 company Ilmited by guarantee incixporaled in England and Wales. The registered office is Painswick Inn Project, Glou¢e5ler Street, Slroud, Gloucestershire, GL5 1QG, England. 1.1 Accounllng convention The financial statements have b88n prepared in accordance wth the charity's governing document, the Companies Act 2006, FRS 102 Th8 Financi81 Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Chaiities,. Slatemenl ol Recommended Pr8CtiC8 applicab￿ tts charities preparing their accounts in accordance with the FinarkGial Reporting Standard applicab18 In the UK and Ropublio of Iretand {FRS 1021" The charity is a Public Benefit Entity as d8finèd by FRS 102. The financlal slalements are prepared in slerfing, which Is the functional currèney of th& ch8rily. Monetary amounts in Ih86e financial statements are rounded to the nearest £. The flnandal slalements have been prepared under the hlstorical (x)st convention. modified lo include th8 revaluation of freehold properties and to include investment prop8rt18s and c8rtain financial instruments at fair value. Thg princlpal a￿untIng policies adopted are set out below. 1.2 Charltable funds UnreslricteLI funds can be used in a￿Ordanc6 with tha charitable objectives at the discrellon of the Iw8tts6s. Restricted funds can onw be used for particular r8slFiCt&d purpo86S Wlthin Ihe objects of the charity. Restrictions aris8 when specified by the donoT orwhen funds are raised for particular restricted purposes. Further explanation of tho natur& and purpose ol each fund is included in ttie not88 to th8 finanaal stalemenls. 1.3 Income All income is recognised in the Stslement of Flnanelal Activities once the oharity has enlitlemonl lo the funds, It is probable that Ihe income will b8 r8c8ived and the amount can be measured reliably. IA Expendlture Liabilities are recognised as 8xpendlture as soon as there Is a legal or conslruclive obligatKbn comTnÉltlng the charity lo that expenditure, il is probable th8t a transfer Df economic beiiefils will be required in settlement and the amount ol the obligation can be measured relfj8bty. Expenditure 15 accounted lor on an accruals basls and has been classified under headings that aggregate all wst related to the catègory. Where costs cannot be diTeclly attributed lo partlcular headings they have been allocated lo acfjvitles on a basis eonsistenl wlth th& LFse of resources. Income from donatlons and1ggaci85 Unreslrfcted lunds 2025 Unnstrlctsd funds 2024 Donations 4,023 1,000 BIODYNAMIC AGRICULTURAL COLLEGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Ineomè from charltable activltles Uhrestrictad Unr88trlcied funds funds 2025 2024 p&p student fees WBL Student WBL other income 5,034 37.440 5,106 5,965 50.000 47,580 55,965 Income from Investments LIn￿StrIcted Urtrètstrlctéd lund¥ 2025 2024 Inl8re51 recelvable 154 113 Expendlture on charltable acllvltles Total 2025 Total 2024 Direct costs Courso costs Softwar8 Other offlce costs Advertising Other molorllravel c081s staff training Bank chalges Accountancy and legal fees Sundries 39,403 696 474 4,401 413 518 227 1,577 1.159 45,708 1,819 691 3,720 878 305 227 1,588 1,300 48.868 56,236 Analysls by fund Unrestricted funds 48.868 56,236 Trusteè5 None of the Irusl&85 lor any pe150nS Connected with theml received any remunèration or benefits from the charily during the year. BIODYNAMIC AGRICULTURAL COLLEGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Employees The average monlhly number of employees dullng the year was.. 2025 Number 2024 Number Total Ther8 were no ernployees whoss annual rtsmungration was more than £60,0(K). Taxatlon The charfly is exempt from t8xalion on Éts activilTes because all Its Incxjme Is applled for charft8ble purpoges. Debtors 2025 2024 Amounts falllng due wlthln one year: Trade debtors 260 3.380 10 Cr•dltors.' amounts falllng due wlthln one year 2025 2024 Other laxatlon and socAal securily Accruals and deferred incom8 19} 777 14541 733 768 279 11 Unrestrlcted funds Thé Un￿$t￿Cted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific condltions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the Irustees for speclfK purposes. A11 September 2024 Incomlng resources Resources At 31 August expended 2025 General funds 25,426 51,757 {48,8681 28,315 Previous year: At1 September 2023 Incoming resources Resources At 31 August expended 2024 General lunds 24,584 57.078 {56,2361 25,426 BIODYNAMIC AGRICULTURAL COLLEGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 12 Related party tran$a¢tions There were no disck)sable related party Iransactlons during th8 yÈar12024- non8). 10.