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2022-05-31-accounts

COMPANY REGISTRATION NUMBER: 06606284

CHARITY REGISTRATION NUMBER: 1144674

THE SCHUMACHER INSTITUTE

UNAUDITED REPORT AND FINANCIAL STATEMENTS

YEAR ENDED: 31 MAY 2022

1

THE SCHUMACHER INSTITUTE

FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

CONTENTS

PAGE

Legal and Administrative Information 3
Report of the Trustees 4 - 8
Independent Examiner’s Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes forming part of the Financial Statements 12 - 21

2

THE SCHUMACHER INSTITUTE

Legal and Administrative Information

Status

The organisation is a charitable company limited by guarantee (Registered Charity Number 1144674 and Company Registration Number 06606284), incorporated on 30th May 2008. It is referred to variously as the company, the charity, the charitable company, or the institute.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those articles, the members of the board are elected at the AGM to serve three years, subject to ratification at each AGM and on a rotation basis of 1/3 of the committee each year.

Trustees, Board of Directors

Current trustees/directors

Trustees / directors resigned during the year.

Hugh Parker ATKINSON None. Michael Stuart CLINTON Catherine Sarah DICK Trustees / directors appointed during the year. Richard Arthur John HELLEN None. Thomas William HENFREY Dharmendra KAPLETIA Edward Simon LANGHAM Brenda Jane MCLENNAN Ian Felton RODERICK (Company Secretary) Kate Elizabeth SWATRIDGE Rebecca Emily UPTON

Management team – non-directors

Jenneth Elizabeth Parker – research manager Lycia Harper – systems consultancy manager John Blewitt – publications manager Adriana Dorsett – communications manager

Key Management Personnel

The key management personnel of the charity are the Board of Directors and the management team.

Registered Office

Create Centre Smeaton Road BRISTOL BS1 6XN

Bankers

HSBC, 62 George White Street, BRISTOL, BS1 3BA

Independent Examiner

Joshua Kingston BSc (Hons) ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton BRISTOL, BS48 1UR

3

THE SCHUMACHER INSTITUTE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2022

The Trustees (who are also directors of The Schumacher Institute for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the Directors’ Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS 102).

Aims and Objectives

The charity aims to ‘enhance the quality of living systems and human relationships by identifying, developing, and implementing new perspectives, processes, and actions which are capable of effecting changes towards a convergent world, and which extends the philosophy of E.F. Schumacher to address the imperatives for change in the 21[st] Century.’

Our charitable objects are:

Achievements and performance

The principal activities of the company are to carry out research projects that promote concepts such as convergence and integration and to promote the application of systems thinking to global issues.

The main activities of the charity can be considered in four parts: research, projects, learning, and consultancy. These parts are linked through a common mission to build on the ideas expressed in the works of E. F. Schumacher, particularly appropriate technology at the right scale, local actions, peace and non-violent approaches, simplicity, and the sense that all people matter.

Subscription membership

The institute has established a subscription membership[1] scheme for people suitably qualified who wish to support our work. Priced at a maximum of £120 per year the benefits are close involvement with the work of the institute and discounts for events. Subscription membership continues to grow.

Fellowship

The institute appoints fellowships to individuals who contribute to the work and who use the institute’s facilities and grant application processes. There are three categories of fellow: distinguished, standard, and honorary. All fellows are automatically subscription members of the institute.

1 Subscription members are not members of the company under company law.

4

THE SCHUMACHER INSTITUTE REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MAY 2022

Research

During the year, the institute has continued with projects that are promoting and researching planetary limits and inequality. The institute is part of a European network called ECOLISE which co-ordinates research into community development across Europe. It is a partner in a large international research project called WASTE FEW-ULL under the Sustainable Urbanisation Global Initiative (SUGI). A project called Permaculture Evaluation Toolkit (PET) continued. A new project this year was to produce a Climate Action Toolkit, a commission from COMMEET an organization based in the Netherlands. Submissions have been made for further grants; this is an ongoing process.

Projects

The main project ‘Prepare for Change’ runs a programme of workshops and conferences involving people from all sectors to look at global issues and the way they may affect local activities. Prepare for Change (P4C) conducts horizon scanning and systems thinking to improve resilience and ultimately the sustainability of communities.

One project, connected to P4C, is Seeding Our Future (SOF) funded philanthropically by a fellow of the institute. Another project is called Deep Adaptation Forum (DEEP) and is funded by grants and donations. These are restricted fund projects.

Learning

The institute has continued with its courses in systems thinking and has conducted training programmes for individuals and organisations across the country. The institute has formalized the small bursary fund for expenses to support volunteers and students – this is now a restricted fund (RSTG) named in memory of Richard St George.

Consultancy

Working within the strict objectives of the charity, and with a memorandum of understanding, consultants seek work using the company as a resource base and shared facilities; in return, they contribute to core funding.

Management

The institute’s management processes were reviewed at board meetings. There were no changes to the board or management team in the year.

Communications

The institute has issued regular newsletters and social media communications and runs many conferences and workshops (mostly online). It has a regular monthly seminar programme.

Public Benefit

The trustees have had regard to the Charity Commission guidance on public benefit and to the need to report on its observance and delivery. The activities of the company are directed entirely toward the public benefit through a variety of routes. We influence people to consider the need for greater equality and fairness across the world than exists today.

5

THE SCHUMACHER INSTITUTE REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MAY 2022

Our project work affects people locally (in the West of England) to consider the resilience of the whole community. Our learning programmes raise awareness and improve the skills of participants to deal with issues of sustainability. Our fellowship is designed to support work that improves social and environmental sustainability in all sectors.

Induction & Training of Trustees

The directors will use various methods to recruit new directors. Directors will be recruited as and when necessary to ensure that the makeup of the board complies with its Memorandum and Articles and to ensure that the board represents a wide range of skills

All new directors will receive a thorough induction comprising:

Ongoing training and updating will consist of the following:

Results

The net movement in funds for the year amounted to £13,181 deficit of which £4,012 surplus related to restricted projects. The balance of the general funds now stands at £32,322.

Future Strategy

The charity plans to continue the activities as outlined above in the forthcoming years subject to satisfactory funding arrangements. More volunteer input will need to be forthcoming if we are to take on any new projects in line with our development plan.

6

THE SCHUMACHER INSTITUTE

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MAY 2022

Reserves Policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the ‘free reserves’) held by the charity should be 6 months of support costs, which equates to £4,375 in general funds for the 2021/22 year. At this level, the trustees feels that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would be necessary to consider how the funding would be replaced or activities changed. At the Balance Sheet date, the free reserves of £32,322 are higher than the target level of our policy.

The institute is dependent on project funding and membership subscription to support core costs so these will be at the level that is available at any given time. Hence, the amount of free reserves and the amount required will fluctuate in response to project needs and funding.

Investment Policy

The management committee has considered the most appropriate policy for investing funds. However, at present, there are limited funds available for investment that need monitoring to achieve a satisfactory return. We are currently holding any surplus funds in an interest-bearing bank account which does not restrict access to these funds.

Risk Review

The management committee has conducted its review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Significant external risks to funding have led to the implementation of a strategic plan which will allow for the diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

COVID-19 review

The demands of the COVID-19 pandemic continued to affect the operations of the institute, shifting many previous physical meetings to an online process – this has had a beneficial effect of expanding and widening the influence of the institute and reducing costs. However, the second-order effects on reduced demand for the institute's services has seen a loss of income from events. The board do not consider the emergency to be a risk to the institute as a going concern.

The institute received a small support grant from Bristol City Council.

GDPR

The company maintains a thorough review of its data and access. It makes all efforts to secure and protect personal data held on paper and electronically. It complies with the General Data Protection Regulations (GDPR) that came into force in May 2018. The institute is registered with the Information Commissioner’s Office.

7

THE SCHUMACHER INSTITUTE REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MAY 2022

Responsibilities of the trustees

The Trustees (who are also directors of The Schumacher Institute for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the Directors’ Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS 102).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the board

The directors who served during the year and up to the date of this report are set out on page 3. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31[st] May 2022 was 11 (2021 – 11).

This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions of the Companies Act 2006 relating to small entities.

Approved by the Trustees on 21[st] November 2022

And signed on their behalf by ……………………………………………. Ian Roderick

8

THE SCHUMACHER INSTITUTE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SCHUMACHER INSTITUTE

Independent examiner’s report to the trustees of The Schumacher Institute (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] May 2022.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston Bsc (Hons) ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 21[st] November 2022

9

THE SCHUMACHER INSTITUTE STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account) YEAR ENDED 31 MAY 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total income
Expenditure on:
Raising funds
7
Charitable activities
7
Total expenditure
Net income / (expenditure) and
net movement in funds
5
Total funds at 1 June 2021
12
Total funds at 31 May 2022
12		 Unrestricted
funds
Restricted
funds
Total funds
2022
Total funds
2021
£
£
£
£
22,588
98,801
121,389
110,143
8,625
27,110
35,735
109,882
20
-
20
27
31,233
125,911
157,144
220,052
6,409
-
6,409
6,443
42,017
121,899
163,916
124,000
48,426
121,899
170,325
130,443
(17,193)
4,012
(13,181)
86,609
49,515
112,040
161,555
71,946
32,322
116,052
148,374
161,555

All gains and losses arising in the year are included in the Statement of Financial Activities and derive from continuing activities.

Prior year fund comparatives are shown in note 9.

The notes on pages 12 to 22 form part of these financial statements

10

THE SCHUMACHER INSTITUTE COMPANY REGISTRATION NUMBER: 06606284

BALANCE SHEET

AS AT 31 MAY 2022

Note
Fixed assets
Tangible fixed assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Net assets
Funds
Restricted funds
12
Unrestricted funds
12
Total funds		 2022
2021
£
£
-
-
-
-
149,658
162,755
149,658
162,755
(1,284)
(1,200)
148,374
161,555
148,374
161,555
116,052
112,040
32,322
49,515
148,374
161,555

For the period ending 31 May 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime under the Companies Act 2006.

These financial statements were approved by the trustees on 21[st] November 2022

And signed on their behalf by

Ian Roderick (Chairman)

The notes on pages 12 to 22 form part of these financial statements

11

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The Schumacher Institute is exempt under the terms of Financial Reporting Standard 102 from publishing a cash flow statement.

The charity is a public benefit entity as described under FRS102.

b) Funds accounting

General unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects and administration of the charity.

Restricted funds are subject to specific conditions by donors as to how they may be used.

c) Income

Donations and legacies

Donations and legacies include donations, grants, and legacies recognised on a receivable basis. Income from individual membership schemes that are eligible for gift aid and is recognised in full on receipt.

Income from charitable activities

Income from conferences, consultancies and training workshops are accounted for in the period in which the activity takes place. Subscriptions are accounted for on a receivable basis.

d) Expenditure

Expenditure on raising funds represent the costs of securing donations and grants, together with the cost of providing membership benefits.

Expenditure is directly attributable to specific activities. Where support costs relate to more than one activity they are apportioned on a basis consistent with the estimated use of the resources.

Governance costs represent the cost of the Company Secretarial role and costs associated with the preparation and independent examination of the statutory accounts.

All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay.

12

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2022

1 Accounting policies (cont.)

e) Tangible fixed assets

Fixed assets are included at cost. Assets costing less than £500 are not capitalised.

Depreciation is provided to be written off the cost of the assets, less their estimated residual values, on a straight-line basis over the expected useful economic lives of the assets concerned at the following annual rates:

Computer equipment – 25%

h) Going concern

There are no material uncertainties about the charity’s ability to continue as a going concern, despite the significant uncertainty being caused by the worldwide COVID-19 crisis. While the Trustees expect there to be some impact on the charity’s ability to attract grants and obtain income from charitable activities its operational costs are reduced, the charity has sufficient reserves to be able to meet these challenges.

13

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

2 Donations and legacies

Donations
Grants:
SOF
DEEP
Membership fees
Legacies
Total		 Unrestricted funds
Restricted funds
Total funds 2022
£
£
£
5,793
-
5,793
-
14,000
14,000
-
84,801
84,801
1,795
-
1,795
15,000
-
15,000
22,588
98,801
121,389

Prior year - Donations and legacies

Donations
Grants:
SOF
DEEP
RTSG
Membership fees
Total		 Unrestricted funds
Restricted funds
Total funds 2021
£
£
£
2,315
-
2,315
-
2,000
2,000
-
102,570
102,570
-
359
359
2,899
-
2,899
5,214
104,929
110,143

Restricted funds

SOF – Seeding our Future , a scheme to improve resilience and sustainability. DEEP - The Deep Adaptation Forum, a movement to help people adjust to societal collapse. RTSG – Richard St George Bursary fund , to support students and volunteers.

14

THE SCHUMACHER INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

3 Income from charitable activities

Income from charitable activities
Project research grants
Campaign income
Royalties		 Unrestricted
funds
Restricted funds
Total funds 2022
£
£
£
7,506
-
7,506
-
27,110
27,110
1,119
-
1,119
8,625
27,110
35,735

Prior year - income from charitable activities

Project research grants
Campaign income
Conferences
Reimbursed expenses/other
Miscellaneous
Royalties		 Unrestricted
funds
Restricted funds
Total funds 2021
£
£
£
54,370
-
54,370
343
42,202
42,545
1,148
-
1,148
10,229
-
10,229
29
293
322
354
914
1,268
66,473
43,409
109,882

4 Investments

Bank interest Total funds 2022
Total funds 2021
£
£
20
27
20
27

Bank interest is unrestricted in both years.

15

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

5 Net income / (expenditure) for the year

This is stated after charging:

his is stated after charging:
Independent Examiner’s fee 2022
2021
£
£
1,284
1,200
1,284
1,200

No trustees received salary payments. One trustee (2021 – 0) received consultancy fees of £15,063 in 2022 (2021 - £0). No trustees (2021 – 0) were reimbursed travel and subsistence expenses during the year (2021 - £0).

6 Staff costs and numbers

The aggregate staff costs were:

he aggregate staff costs were:
Wages and salaries
Social security costs		 2022
2021
£
£
1,036
4,604
-
849
1,036
5,453

No employee received emoluments of more than £60,000 in either 2022 or 2021.

The average weekly number of staff during the year, calculated based on headcount, was as follows:

Administration and internships 2022
2021
No.
No.
1
3
1
3

Aggregate donations from trustees, key management personnel, and related parties were zero (2021 - £0).

The total employment benefits received by key management personnel were £0 (2021 - £0).

16

THE SCHUMACHER INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

7
Analysis of total expenditure
Charitable activities:
Consultancy, training courses etc
Raising funds:
Fundraising costs		 Direct costs
Support costs
Total 2022
£
£
£
(Note 8)
161,576
2,340
163,916
-
6,409
6,409
161,576
8,749
170,325

Prior year - analysis of total expenditure

Charitable activities:
Consultancy, training courses etc
Raising funds:
Fundraising costs		 Direct costs
Support costs
Total 2021
£
£
£
(Note 8)
117,572
6,428
124,000
-
6,443
6,443
117,572
12,871
130,443

17

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

8 Analysis and allocation of support costs

Support costs:
Insurance
System & web development
Rent & rates
Telephone
Dues & subscriptions
Office expenses
Bank charges
Miscellaneous
Independent examiner’s fees
Total		 Charitable
activities
Raising funds
Total 2022
£
£
£
76
260
336
527
1,791
2,318
728
2,472
3,200
25
83
108
196
668
864
98
332
430
37
125
162
11
36
47
642
642
1,284
2,340
6,409
8,749

Prior year - analysis and allocation of support costs

Support costs:
Insurance
System & web development
Rent & rates
Telephone
Dues & subscriptions
Office expenses
Bank charges
Independent examiner’s fees
Total		 Charitable
activities
Raising funds
Total 2021
£
£
£
156
157
313
2,148
2,153
4,301
2,572
2,578
5,150
54
54
108
327
328
655
548
550
1,098
56
56
112
567
567
1,134
6,428
6,443
12,871

Support costs are allocated based on the percentage of income for each area.

18

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

9 Prior year (2021) fund comparatives

Income from:
Donations & legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure) and net
movement in funds
Total funds at 1 June 2020
Total funds at 31 May 2021
0 Tangible fixed assets
Cost
At 1 June 2021
Disposal
At 31 May 2022
Depreciation
At 1 June 2021
Disposal
At 31 May 2022
Net book value
At 31 May 2022
At 31 May 2021		 Unrestricted funds
Restricted funds Total funds 2021
£
£
£
5,214
104,929
110,143
66,473
43,409
109,882
27
-
27		 Unrestricted funds
Restricted funds Total funds 2021
£
£
£
5,214
104,929
110,143
66,473
43,409
109,882
27
-
27
71,714
148,338
220,052
6,443
-
6,443
40,718
83,282
124,000
47,161
83,282
130,443
24,553
65,056
89,609
24,962
46,984
71,946
49,515
112,040
161,555
Computer equipment
£
1,742
(1,742)
-
1,742
(1,742)
-
-
-

10 Tangible fixed assets

19

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

11 Creditors: amounts falling due within 1 year

Accruals and deferred income
12 Funds
Restricted funds
SOF
DEEP
RSTG
Unrestricted funds
Total funds
Prior period – funds
Restricted funds
SOF
DEEP
RSTG
Unrestricted funds
Total funds		 2022
2021
£
£
1,284
1,200
1,284
1,200
At 1 June
2021
Income
Expenditure
At 31 May
2022
£
£
£
£
16,450
14,000
(10,447)
20,003
94,582
111,911
(111,342)
95,151
1,008
-
(110)
898		 2022
2021
£
£
1,284
1,200
1,284
1,200
112,040
125,911
(121,899)
116,052
49,515
31,233
(48,426)
32,322
161,555
157,144
(170,325)
148,374
At 1 June
2020
Income
Expenditure
At 31 May
2021
£
£
£
£
20,014
17,010
(20,574)
16,450
26,160
129,762
(61,340)
94,582
810
1,566
(1,368)
1,008
46,984
148,338
(83,282)
112,040
24,962
71,714
(47,161)
49,515
71,946
220,052
(130,447)
161,555

20

THE SCHUMACHER INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022

Note 12 Funds (cont) Restricted funds description

SOF – Seeding our Future

This is a fund for the work of fellow Alan Heeks (Wisdom Tree) in support of capacity building in communities for greater resilience.

DEEP – Deep Adaptation Forum

This fund is for a global network of people concerned with support for adapting to climate change. It was formed by fellow Dr Jem Bendell.

RSTG fund

This fund is for the Richard St George bursaries to support learning and small expenses for volunteers and students.

13 Operating lease commitments

There are no significant operating lease commitments.

14 Capital Commitments

At the year-end, the charity had no significant capital commitments.

15 Controlling party

Being a company limited by guarantee the charity is controlled by its members. The members are the directors of the company and each member’s liability is limited to £1. The Board does not consider that any one member has control over the company.

16 Related parties transactions

There were nil related parties transactions .

21