COMPANY REGISTRATION NUMBER: 06606284
CHARITY REGISTRATION NUMBER: 1144674
## THE SCHUMACHER INSTITUTE
## UNAUDITED REPORT AND FINANCIAL STATEMENTS
**YEAR ENDED: 31 MAY 2024**
1
## **THE SCHUMACHER INSTITUTE**
FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## 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**
Hugh Parker ATKINSON **Trustees / directors resigned during the year.** Catherine Sarah DICK Rebecca Emily UPTON (19 December 2023) Richard Arthur John HELLEN Thomas William HENFREY (19 December 2023) Dharmendra KAPLETIA Michael Stuart CLINTON (19 December 2023) Edward Simon LANGHAM Brenda Jane MCLENNAN **Trustees / directors appointed during the year.** Ian Felton RODERICK (Company Secretary) None. Kate Elizabeth SWATRIDGE
## **Management team – non-directors**
Jenneth Elizabeth Parker – research manager Michael Thompson Emma Collier Marsha Doran – 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 2024
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**
Specifically, the objects of the charity are:
- a) The relief of poverty and distress through the use of applied systems science;
- b) The advancement of education through the application of systems thinking, and the concepts of convergence and interdisciplinarity to social and global issues, including resource use, climate change, environmental management and social cohesion;
- c) To promote sustainable development for the benefit of the public by:
1) The preservation, conservation and the protection of the environment and the prudent use of resources;
2) The relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities;
3) The promotion of sustainable means of achieving economic growth and regeneration. Sustainable development means “development which meets the needs of the present without compromising the ability of future generations to meet their own needs.”
- d) Such other purposes as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
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:
- To develop, find, finance, and carry out projects that fit within the aims, which promote concepts such as convergent action in the form of integrated solutions and strategies.
- To promote critical systems thinking, its considerations of power, human behaviour, the scientific aspects of complexity theory and trans-disciplinary approach to global issues.
- To undertake, promote and assist the undertaking of research, collaboration and facilitation following the aims.
- To advance the education of the public in matters relating to the aims.
4
## **THE SCHUMACHER INSTITUTE** REPORT OF THE TRUSTEES _(Continued)_
FOR THE YEAR ENDED 31 MAY 2024
## **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.
## **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. We continued our international project to produce a Climate Action Toolkit, a commission from COMMEET an organization based in the Netherlands. We were commissioned by the Environment Agency to conduct a systems study into transition science for their strategic work on water systems. Further efforts have been made for other 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. The Deep Adaptation Forum had established a considerable amount of funding in the prior year, this was expended on project activities in 2024.
## **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.
> 1 Subscription members are not members of the company under company law.
5
## **THE SCHUMACHER INSTITUTE** REPORT OF THE TRUSTEES _(Continued)_ FOR THE YEAR ENDED 31 MAY 2024
## **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 benefits 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.
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:
- Attendance at two management team meetings as an observer before joining the board.
- A named director as a ‘buddy’ with whom they will meet at the start of the process and who will provide ongoing support.
- Notes of the last three board meetings and access to notes of earlier meetings if requested.
Ongoing training and updating will consist of the following:
- Regular Charity Commission newsletter updates.
- Access to governance and management committee training provided by the local voluntary sector and any other appropriate training
- Training to address any specific skills gap which can be organised on an ad hoc basis as and when required.
6
## **THE SCHUMACHER INSTITUTE** REPORT OF THE TRUSTEES _(Continued)_ FOR THE YEAR ENDED 31 MAY 2024
## **Results**
The net movement in funds for the year is a surplus of £31,266 (2023: £96,472 deficit) of which £8,420 (2023: £80,513 deficit) is related to restricted projects. The balance of the general funds now stands at £39,209 (2023: £16,363).
## **Future Strategy**
The charity plans to continue the activities as outlined above in the forthcoming years subject to satisfactory funding arrangements. The objective for the next year is to expand membership and deliver value to fellows and members through the Prepare for Change programme.
## **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 £8,970 in general funds for the 2023/24 year. At this level, the trustees feel 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 £39,209 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 authorization 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.
## **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 and the Data Protection, Privacy and Electronic Communication 2020. 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 2024
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 2024 was 8 (2023 – 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.
## Nov 29 2024
Approved by the Trustees on ……………………………………...
And signed on their behalf by ……………………………………………. Ian Roderick
8
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SCHUMACHER INSTITUTE
## **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 2024.
.
## **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:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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: ……………………………
Nov 29 2024
9
## **THE SCHUMACHER INSTITUTE**
## STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account) YEAR ENDED 31 MAY 2024
|Note
Income from:
Donations and grants
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 2023
11
Total funds at 31 May 2024
11|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2024**
**Total funds**
**2023**
**£**
**£**
**£**
**£**
13,068
12,604
25,672
43,119
71,314
30,177
101,491
75,431
852
-
852
395|
|---|---|
||85,234
42,781
128,015
118,945|
||3,717
-
3,717
5,057
58,671
34,361
93,032
210,360|
||62,388
34,361
96,749
215,417|
||22,846
8,420
31,266
(96,472)
16,363
35,539
51,902
148,374|
||39,209
43,959
83,168
51,902|
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 21 form part of these financial statements**
10
## **THE SCHUMACHER INSTITUTE COMPANY REGISTRATION NUMBER: 06606284**
## BALANCE SHEET
## AS AT 31 MAY 2024
|Note
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
10
Net current assets
Net assets
Funds
Restricted funds
11
Unrestricted funds
11
Total funds|**2024**
**2023**
**£**
**£**
84,686
53,318|
|---|---|
||84,686
53,318|
||(1,518)
(1,416)|
||83,168
51,902|
|||
||83,168
51,902|
||43,959
35,539
39,209
16,363|
||83,168
51,902|
For the period ending 31 May 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- i) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
- ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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.
Nov 29 2024
These financial statements were approved by the trustees on Date ...........................................
And signed on their behalf by Ian Roderick (Chairman)
**The notes on pages 12 to 21 form part of these financial statements**
11
## **THE SCHUMACHER INSTITUTE** NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **1 Accounting policies**
## a) Basis of preparation
The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and 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 Companies Act 2006.
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 2024
## **1 Accounting policies (cont.)**
- e) Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- f) Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## g) Going concern
There are no material uncertainties about the charity’s ability to continue as a going concern. Although the charity’s reserves are reduced due to phasing of project work there is no concern over the ability to attract grants and obtain income from charitable activities, it has sufficient reserves to meet the challenges ahead.
13
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **2 Donations and legacies**
|Donations
**Grants:**
DEEP
Membership fees
**Total**|**Unrestricted funds**
**Restricted funds**
**Total funds 2024**
**£**
**£**
**£**
10,302
-
10,302
-
12,604
12,604
2,766
-
2,766|
|---|---|
||13,068
12,604
25,672|
## **Prior year - Donations and grants**
|Donations
**Grants:**
SOF
DEEP
Membership fees
**Total**|**Unrestricted funds**
**Restricted funds**
**Total funds 2023**
**£**
**£**
**£**
6,649
-
6,649
-
14,500
14,500
-
18,726
18,726
3,244
-
3,244|
|---|---|
||9,893
33,226
43,119|
## **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.
14
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **3 Income from charitable activities**
|**Income from charitable activities**||
|---|---|
|Consultancy
Project research grants
Campaign income
Conferences
Book sales|**Unrestricted**
**funds**
**Restricted funds**
**Total funds 2024**
**£**
**£**
**£**
18,441
12,326
30,767
48,459
-
48,459
-
13,656
13,656
4,414
-
4,414
-
4,195
4,195|
||71,314
30,177
101,491|
## **Prior year - income from charitable activities**
|Consultancy
Project research grants
Campaign income
Conferences
Miscellaneous
Royalties|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**£**
**£**
**£**
31,100
-
31,100
7,165
741
7,906
-
27,086
27,086
6,668
744
7,412
10
-
10
917
1,000
1,917|
|---|---|
||45,860
29,571
75,431|
## **4 Investments**
|Bank interest|**Total funds 2024**
**Total funds 2023**
**£**
**£**
852
395|
|---|---|
||852
395|
Bank interest is unrestricted in both years.
15
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **5 Net income / (expenditure) for the year**
This is stated after charging:
|his is stated after charging:||
|---|---|
|Independent Examiner’s fee accrued|**2024**
**2023**
**£**
**£**
1,518
1,416|
||1,518
1,416|
No trustees received salary payments.
No trustee (2023 - £Nil) received consultancy fees during the year (2023 - £Nil).
No trustees (2023 - £Nil) were reimbursed travel and subsistence expenses during the year (2023 - £Nil).
## **6 Staff costs and numbers**
The aggregate staff costs were:
|he aggregate staff costs were:||
|---|---|
|Wages and salaries
Social security costs|**2024**
**2023**
**£**
**£**
8,693
4,256
831
459|
||9,524
4,715|
No employee received emoluments of more than £60,000 in either 2024 or 2023.
The average weekly number of staff during the year, calculated based on headcount, was as follows:
|Administration and internships|**2024**
**2023**
**No.**
**No.**
3
3|
|---|---|
||3
3|
Aggregate donations from trustees, key management personnel, and related parties were £8,000 (2023 - £1,500).
The total employment benefits received by key management personnel were £Nil (2023 - £Nil).
16
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
|**7**
**Analysis of total expenditure**
Charitable activities:
Consultancy, training courses etc
Raising funds:
Fundraising costs
**Prior year - analysis of total expenditure**|**Direct costs**
**Support costs**
**Total 2024**
**£**
**£**
**£**
**(Note 8)**
78,809
14,223
93,032
-
3,717
3,717|
|---|---|
||78,809
17,940
96,749|
|||
|Charitable activities:
Consultancy, training courses etc
Raising funds:
Fundraising costs|**Direct costs**
**Support costs**
**Total 2023**
**£**
**£**
**£**
**(Note 8)**
201,601
8,759
210,360
-
5,057
5,057|
|---|---|
||201,601
13,816
215,417|
17
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **8 Analysis and allocation of support costs**
|Support costs:
Insurance
Printing & publishing
System & web development
Rent & rates
Telephone
Dues & subscriptions
Office expenses
Bank charges
Postage & carriage
Independent examiner’s fees
**Total**|**Charitable**
**activities**
**Raising funds**
**Total 2024**
**£**
**£**
**£**
299
78
377
2,299
601
2,900
3,248
848
4,096
5,708
1,492
7,200
95
25
120
303
79
382
187
40
227
206
54
260
682
178
860
1,196
322
1,518|
|---|---|
||14,223
3,717
17,940|
## **Prior year - analysis and allocation of support costs**
|Support costs:
Insurance
Printing & publishing
System & web development
Rent & rates
Telephone
Dues & subscriptions
Office expenses
Bank charges
Miscellaneous
Independent examiner’s fees
**Total**|**Charitable**
**activities**
**Raising funds**
**Total 2023**
**£**
**£**
**£**
224
130
354
597
344
941
3,054
1,761
4,815
3,428
1,978
5,406
68
40
108
320
185
505
92
53
145
46
26
72
34
20
54
896
520
1,416|
|---|---|
||8,759
5,057
13,816|
**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 2024
## **9 Prior year (2023) fund comparatives**
|Income from:
Donations and grants
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 2022
Total funds at 31 May 2023|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**£**
**£**
**£**
9,893
33,226
43,119
45,860
29,571
75,431
395
-
395|
|---|---|
||56,148
62,797
118,945|
||5,057
-
5,057
67,050
143,310
210,360|
||72,107
143,310
215,417|
||(15,959)
(80,513)
(96,472)
32,322
116,052
148,374|
||16,363
35,539
51,902|
19
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024
## **10 Creditors: amounts falling due within 1 year**
|Accruals and deferred income
**11 Funds**
**Restricted funds**
SOF
DEEP
RSTG
**Unrestricted funds**
**Total funds**
**Prior period – funds**
**Restricted funds**
SOF
DEEP
RSTG
**Unrestricted funds**
**Total funds**|**2024**
**2023**
**£**
**£**
1,518
1,416
1,518
1,416
**At 1 June**
**2023**
**Income**
**Expenditure**
**At 31 May**
**2024**
**£**
**£**
**£**
**£**
17,493
-
(4,245)
13,248
17,199
42,781
(30,116)
29,864
847
-
-
847|**2024**
**2023**
**£**
**£**
1,518
1,416|
|---|---|---|
|||1,518
1,416|
||35,539
42,781
(34,361)
43,959||
||16,363
85,234
(62,388)
39,209||
||51,902
128,015
(96,749)
83,168||
||**At 1 June**
**2022**
**Income**
**Expenditure**
**At 31 May**
**2023**
**£**
**£**
**£**
**£**
20,003
15,241
(17,751)
17,493
95,151
47,556
(125,508)
17,199
898
-
(51)
847||
||116,052
62,797
(143,310)
35,539||
||32,322
56,148
(72,107)
16,363||
||148,374
118,945
(215,417)
51,902||
20
## **THE SCHUMACHER INSTITUTE**
## NOTES TO THE FINANCIAL STATEMENTS
## YEAR ENDED 31 MAY 2023
## **Note 11 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.
## **12 Operating lease commitments**
There are no significant operating lease commitments.
## **13 Capital Commitments**
At the year-end, the charity had no significant capital commitments.
## **14 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.
## **15 Related parties transactions**
There were nil related parties transactions.
21