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2025-07-31-accounts

Registered number: 08489497 Charity number: 1152353

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 12
Independent examiner's report 13 - 14
Statement of financial activities 15
Balance sheet 16 - 17
Statement of cash flows 18
Notes to the financial statements 19 - 33

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025

Trustees Ms A Bennett, Trustee
Mr S Cameron, Trustee (appointed 30 November 2024)
Mr D Pontin, Trustee (resigned 2 April 2025)
Mr A Mansfield, Trustee (appointed 30 November 2024)
Ms M Horthy, Trustee
Mr N Hayden, Chair
Ms B Moulang, Trustee (resigned 30 November 2024)
Ms C J Easty, Trustee (resigned 7 February 2025)
Mr M Harris, Trustee (resigned 29 November 2025)
Mr P Lamersdorf, Trustee (resigned 29 November 2025)
Ms K Oliver, Trustee
Mr N Mountifield (appointed 29 November 2025)
Mrs H Poespodihardjo (appointed 29 November 2025)
Company registered
number
08489497
Charity registered
number
1152353
Registered office
The Site
24 Chosen View Road
Cheltenham
England
GL51 9LT
Chief executive officer
Mrs S Major (resigned 07 November 2024) Structure review in January 2025
replaced the CEO post with the Post of Office Manager
Independent Examiners
Regulatory Accounting Limited
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
Bankers
Barclays Bank Plc
Beaufort Square
Chepstow
Monmouthshire
NP16 5XL

Page 1

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report together with the financial statements of the Company for the year 1 August 2024 to 31 July 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objectives of the SCCO are to advance the further education and training of graduates and undergraduates and persons otherwise qualified in osteopathy, medicine, dentistry and related arts and sciences. In particular (but without prejudice to the generality of the foregoing) by promoting and teaching the principles of osteopathy as conceived by Andrew Taylor Still and developed by William Garner Sutherland, disseminating a general knowledge of the philosophy of the therapeutic indications for osteopathy in the cranial field, encouraging physicians and stimulating continued study for greater proficiency in the practice of osteopathy in any manner considered appropriate in the absolute discretion of the Trustees.

Page 2

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Objectives and activities (continued)

b. Strategies for achieving objectives

The Trustees have considered the Charity Commission’s guidance on Public Benefit along with their duty in respect of section 17(5) of the Charities Act 2011 in respect of Public Benefit and whilst needing to manage its finances responsibly and effectively. In 2024/25, the Sutherland Cranial College of Osteopathy Limited (SCCO) reviewed its various policies in place to deliver its strategic objectives.

During 2024/25 the Board of Trustees have spent time reflecting on the original purpose of the charity, developments within the external operating environment and have updated the strategic aims in order to better target resources at achieving these.

SA 1 Promote SCCO as a well-run organisation that offers relevant, high quality, value for money professional development.

SA 2 Ensure sufficient funds to meet our charitable objectives and invest in the future of SCCO as a Sustainable Osteopathic education Charity

SA 3 Inform and influence undergraduate providers and Primary Care of the benefits of Cranial Osteopathy

In order to achieve these strategic aims, the Board has set four key interventions and five processes for doing so.

KI 1 Establish and maintain healthy finances

KI 2 Develop educational courses mapped to CPD supported by a Quality Improvement Programme

KI 3 Optimise technology to improve efficiency and develop new ways of interacting with members

KI 4 Develop and engaged faculty with sufficient numbers to lessen the demand and ensure succession planning

P1 Informing (via defining, describing, and demonstrating)

P2 Influencing (the interpersonal processes that change thought, feelings, and behaviour)

P3 Promoting (via inspiring, encouraging, publishing examples of clinical and patient and benefits)

P4 Supporting (via encouragement and practical advice)

P5 Developing (via designing educational material, designing pathways and aligning these with CPD frameworks)

Charitable Support

During 2024/25 the SCCO, despite operating at deficit, chose to continue to provide charitable support in the following ways:

Page 3

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Objectives and activities (continued)

knowledge alongside our newer students.

Making a total of £45,693 in charitable support. Against an income of £691,964, representing 6.6% of income.

c. Activities undertaken to achieve objectives

During 2024/25 the Trustees undertook the following in pursuit of achieving its Charitable objectives

The Board made a strategic decision to not invest further in research during 2024/25 or 2025/26 and will revisit this decision during 2025/26.

Achievements and performance

a. Main achievements of the Company

The SCCO continues to advance further education needs of graduate osteopaths, fulfilling the need by the development of a pathway of learning, leading to post graduate qualifications in osteopathy in the cranial field. This combined with the further provision of short courses and the Pediatric Osteopathic Diplomas programme has advanced osteopathic education and providing Continuing Profession Development for qualified osteopaths. The charity's funds have been consistently applied in furthering these charitable activities.

Page 4

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Achievements and performance (continued)

b. Key performance indicators

The Board of Trustees have established a programme of strategic away days, which take place twice a year and have revisited and amended the structure of Board meetings. The redesign of Board meetings is intended to to increase the focus on assurance, empower Board Committees within delegated authority and free up Board time to be more forward orientated.

With greater clarity of strategic objectives, the Board will further strengthen its performance management arrangements in 2025/26 developing more meaningful and targeted KPIs as a consequence of the strategic away days. KPIs will track our progress against our strategic objectives related to influencing the professions professional body, developing our Faculty, promoting and inspiring osteopaths, student satisfaction and financial performance.

c. Factors relevant to achieve objectives

During 2024/25 SCCO delivered a total of 22 courses (including FDW), including five in Germany, 4 POD courses, one Circulation course, Jane Easty’s course on Biodynamic Embryology and Jo Wildy’s weekend on Membranes.

One M2 course in Germany due to have been held in October 2024 was cancelled due to a shortage of Tutors. The total number of students for all courses was 508, averaging at 23 per course. It may be worth noting at this point that only two courses, Module 10 in the UK in November 2024 and module 5 in Germany in April 2025 made a small profit.

The AGM was attended by the required number of members to be quorate. Three new Trustees were voted on to the Board by the membership and one existing Trustee re-elected.

The SCCO has continued its visits to undergraduate colleges to promote the college’s postgraduate course programme.

In 2024/25 The SCCO was also able to deliver a Faculty Development activity for German Faculty.

d. Investment policy and performance

The Trustees consider it their responsibility to ensure that the Charities reserves are protected and that surplus funds are invested within a fund who’s social and ethical policies mirror those of the Charity. On this basis, the Charity invests any surplus funds within the COIF Charities Investment Fund Income Units.

In the year ending 31 July 2025 a combination of drawdowns from reserves to manage cashflow and operational planned deficit, combined with a deteriorated market performance has reduced our strategic reserves from a position of £727,013 at the end of September 2024 to a current position of £618,933 as at the end of July 2025. A deterioration of £108,080.

In the year ending July 2025, the SCCO sold shares from the investment fund and drew down £100,000. The value of the investments on 31 July 2025 was £618.933 (2024 £731,750).

Page 5

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Financial review

a. Going concern

During 2024/25 the Trustees have engaged management consultants CleeCo Ltd and asked them to focus on

Supported by CleeCo Ltd, Trustees have undertaken an in-depth review of SCCO financial position. The review has clearly identified the drivers behind the operational deficit and deteriorated level of investments. Actions have been identified to return SCCO to delivering a small recurrent surplus by 2027/28. Actions include, improving financial efficiency via changes to our booking terms and conditions, implementing annual price reviews, implementing Cost Improvement Plans, implementing a cash flow management policy, utilising reserves to support strategic change and improved budget setting and budget management processes. As financial risks remain a risk, the Board of Trustees will further strengthen its financial management skills via training for Trustees and seeking a lay Trustee with significant financial background.

The SCCO continues to hold appropriate reserves. As a consequence of increases in costs the SCCO will continue to review its financial strategy ensuring that there are sufficient funds for the SCCO to continue to operate for the foreseeable future and to continue to support its charitable aims.

b. Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level, which equates to no less than approximately one year of general overhead expenditure, which is currently £294,000 after the costs of course provision. This provides sufficient funds to cover management and administration and support costs. As well as a contingency to cover redundancies and cancellation of contracts. This ensures that SCCO is in a position to meet current and ongoing liabilities. Trustees will review the level of reserves to be managed for 2025/26 and 2026/27 quarterly

Due to the forecast deficit in 2024/2025, the charitable support and bursaries for eligible students including its Fellows and development of its faculty, which is usually funded from surpluses, has been funded from reserves. As part of our financial recovery and sustainability plan we are predicting an operational deficit budget for 2025/26 of £61,000. The remaining unrestricted funds are held for the funding of future developments and the continued implementation of the educational review.

Total funds at the year end were:

Restricted – £850

Unrestricted £502,116

Page 6

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

c. Principle risks and uncertainty

The Trustees have a duty to identify and review the risks to which the charity is exposed. The College risk register is reviewed and updated as necessary at each Trustees meeting to ensure that appropriate controls are in place to provide reasonable assurance against a variety of risks.

The key risks to be managed are:

Financial Risks -

The key financial risks is that of ensuring that the Charity is able to continue to operate as a sustainable going concern. Rising costs and the external economic climate has resulted in an operating deficit in 2023/24. And during 2024/25 Trustees undertook a root and branch review of costs, pricing and operating model to ensure that the Charity adapts to this more challenging environment. Actions arising from this review include, improving financial efficiency via changes to our booking terms and conditions, implementing annual price reviews, implementing Cost Improvement Plans, implementing a cash flow management policy, utilising reserves to support strategic change and improved budget setting and budget management processes

Governance Risks -

The Trustees continue to assess performance against each of the 7 areas of the Charities Commission Governance Code.

With an evolving external environment that presents both challenges and opportunities, the Trustees reviewed and updated their Governance Framework during 2024/25. This entailed a review and where appropriate revision of the following components.

The key governance risks are:

Reputational Risks -

The key reputational risk is that of losing the Charities excellent reputation. This is mitigated by a combination of our culture, fostering and maintaining good relationships with key stakeholders, recruiting and investing in our people.

Page 7

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Operational Risks: -

The key operational risks are associated with capacity and capability to achieve our strategic objectives. This is mitigated by

Achieving Charitable Objectives -

The key risk to achieving our charitable objectives is a combination of the Financial, Governance, Reputational and Operational risks identified and mitigated above.

d. Principal funding

The principal source of funding for the charity is the student fee income. It also has a paid for Membership and Fellowship scheme for osteopaths who successfully complete qualifying courses and case study assignments.

The financial statements have been prepared for the year ended 31 July 2025. Investment dividends produced income of £19,355. Market led increases also led to an unrealised loss of £12,817.

The SCCO were very grateful to receive a £50,000 donation to its funds from The Crucible Foundation and made a further multiyear application towards the end of 2024/25. The grant application was successful in obtaining a further £52,000 of income for 2025/26 with an invitation to apply for further finds for 2026/27

There has been a net movement in funds of (£142,808), bringing the total value of the net funds to £502,967. This is made up of fixed assets of the College £624,466, an decrease in value of £117,736 from 2023/24, current assets of £142,618 an increase of £59,279 but an increase in current liabilities of £84,352 to a total of £264,118.

Structure, governance and management

a. Constitution

The Sutherland Cranial College of Osteopathy Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed on 10 June 2013.

The charity is constituted under a Trust deed dated 10 June 2013 and is a registered charity number 1152353.

The charity was incorporated on 15 April 2013 and commenced trading on that date.

b. Methods of appointment or election of Trustees

Under the constitution, the charity shall elect from its membership a Board of Directors, known as the Board of Trustees of between three and ten members. The directors shall hold office until the conclusion of their term of office, which is three years after their election. They may then stand for re-election for a further three years. Exceptionally a director may be re-elected for one further year beyond a six-year term if serving as Chair of the Board. New Trustees are provided with copies of the SCCO constitution, previous Trustee meeting minutes, and a set of Charity Commission documents on the Role of a Trustee and are required to complete a register of any interests or loyalties which may conflict them in their role.

Page 8

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The charity is a membership organisation which delegates authority to an elected Board of Trustees. The Trustees are responsible for strategy and approval and monitoring of annual budgets and business plans. As part of the governance review a number of significant changes were made to the Board structure. The changes were designed to better align committee responsibilities with strategic objectives, to further engage ownership of the Boards work by including Faculty members on each Committee, to ensure that each committee had clear terms of reference and membership, each chaired by a Trustee and to further integrate the German and UK Faculty, by ensuring that a member from the German Committee sat on each of the other committees.

Course content and quality is delegated to the revised Education, Quality and Standards Committee, who also make recommendations for the selection of Course Directors. The Education, Quality and Standards Committee reports to the Board.

Marketing and Communications Committee is responsible for designing, recommending to the Board and once approved, overseeing the Marketing and Communications strategy designed to effectively engage with our members, Fellow, Faculty, students and key stakeholders.

German Committee oversees the course programme in Germany, makes recommendations to Education, Quality and Standards Committee (and Board) for the appointment of Course Directors for German Courses and is also responsible for Faculty development in Germany.

Finance Committee has responsibility for overseeing the financial recovery and sustainability strategy, as well as overseeing the budget setting process, monitoring financial performance and making recommendations to the Board on all financial matter. There are advisory committees for Communications and for delivery in Germany and Spain.

The Board of Trustees are supported by a small staff team which has authority delegated to it for logistical planning and delivery of courses, marketing and financial operation up to a limit of £1,500 after which Treasurer approval is required.

d. Policies adopted for the induction and training of Trustees

During 2024/25 SCCO has engaged external consultants and HR advisors to ensure that it has up to date, appropriate employment and contracting policies and processes in place. A new Staff Handbook, comprising a comprehensive set of HR policies and a new Contract for Services template have been adopted by the Board. The Contract for Services template covers all contractors undertaking work for SCCO. This includes Course Directors, Tutors, Assistant Tutors, Visiting Lecturers and Management Consultants. The SCCO has a policy for the conflict of interests and declaration of interests for all existing and newly appointed Trustees.

When a new Trustee is elected they are issued with the Articles of Association document, the SCCO Constitution, the SCCO Mission Statement and Vision Statement.

The SCCO will support new Trustees by implementing a “buddy system” with existing Trustees.

During 2024/25 Trustees introduced a structured Trustee Induction pack as part of its revised Governance Framework.

Page 9

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Structure, governance and management (continued)

e. Pay policy for key management personnel

The SCCO management pay policy is to pay more than the living wage for all staff posts, to benchmark pay for equivalent posts locally and nationally. During 2024/25 an externally facilitated benchmarking of pay was undertaken to support the revised operational structure and pay was adjusted accordingly.

f. Related party relationships

Related parties relationships are isolated to Trustees who are also qualified tutors who are used to deliver some of the courses.

They are remunerated for the course delivery and for expenses at the same rate as the other course tutors and at times, opt to donate their reimbursed expenses back to the charity.

g. Financial risk management

The Trustees recognise that financial risk represents one of the largest risks to the charity. The combination of continued inflationary pressures impacting our supply side and a volatile market negatively impacting investments continues to potentially effect the income of SCCO. As stated elsewhere in this statement, Trustees have undertaken a root and branch review of our financial management, including a revised cashflow management policy, a revised booking terms and conditions, as well as implementing a cost improvement programme.

The Trustees are committed to reviewing the performance of the investment account on a quarterly basis and identifying potential risks to the investments.

The Trustees review the budget at each Trustee meeting and financial performance is measured against forecast.

The SCCO has a policy to maintain unrestricted funds, which are free reserves of the charity, at a level at which equates to no less than approximately one year of general overhead expenditure which is currently £294,000. This provides sufficient funds to cover management and administration and support costs. The reserves also provide a contingency fund to cover redundancy and cancellation contracts if for any reason the SCCO are unable to continue to operate allowing any current and ongoing liabilities to be met.

Any operational costs over the value of £3,000 must have the approval of the Treasurer to avoid any misappropriation of funds. Debit cards and payment authority is limited to the Office Manager and Finance Assistant only. The SCCO also regularly reviews its financial position with its appointed Accountants.

h. Trustees' indemnities

Trustees are indemnified through a specialist policy with Angel Risk Management and underwritten by AXA.

i. Dissolution and transfer

The Sutherland Cranial College of Osteopathy (SCCO) is a Charitable Company Limited by Guarantee, incorporated in April 2013 and receiving charitable registration in June 2013. There is provision within the Articles of Association, at article 60, that should it be necessary to dissolve the charity, that its assets after payment of debts and liabilities shall be transferred to another charitable institution with similar objects to the SCCO.

Page 10

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Plans for future periods

Modernising course delivery whilst remaining true to founding principles

SCCO recognises that in order to ensure that it continues to be a provider of choice of post registration continuing professional development for registered osteopaths, it must continually appraise the effectiveness and relevance of the courses that it offers. During 2024/25 Trustees commenced, via its Education, Quality and Standards Committee, undertake a review of its current course offerings. Each review has and will be led by an experienced Course Director and is designed to

As course reviews are completed and proposed changes approved by Education, Quality and Standards Committee, the revised content will be loaded onto our Virtual Learning Environment through which all future courses will run.

Continuous operational process improvements

SCCO are committed to ensuring that its operational support for course delivery operates as efficiently and effectively as possible in order to maximise the quality of our logistical support and minimise our overhead costs. During 2025/26 further changes to our IM&T infrastructure will take place to further reduce operating costs, reduce administrative duplication and improve management information.

The Education, Quality and Standards Committee has set a target of achieving 2,000 student days of course provision during 2025/26. At the time of writing this statement we have 63% of course spaces filled and have three courses that are full and have a waiting list.

We have relocated the Paediatric Pathway courses to Dorchester, where they will run alongside the Dove clinic providing easier access for students to undertake placement days in practice on a Monday immediately following the weekend courses.

Our Virtual Learning Environment will become the main platform for delivering courses during 2025/26.

Trustees will continue to hold two strategic planning and review workshops during 2025/26 to ensure that the SCCO positions itself within a changing marketplace.

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

Page 11

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 29 November 2025 and signed on their behalf by:

................................................

Mr N Hayden (Chair of Trustees)

Page 12

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025

Independent Examiner's Report to the Trustees of The Sutherland Cranial College of Osteopathy Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 July 2025.

Responsibilities and Basis of Report

As the Trustees of the Company (and 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 the Company's accounts 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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Page 13

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Signed:

Dated: 16 February 2026

Robert Stokes FCCA ACA

For and on behalf of Regulatory Audit

Vicarage Court 160 Ermin Street Stratton SN3 4NE

Page 14

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure before net
(losses)/gains on investments
Net (losses)/gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
-
-
-
-
-
-
-
-
-
850
-
850		 Unrestricted
funds
2025
£
1,110
671,499
19,355
691,964
821,955
821,955
(129,991)
(12,817)
(142,808)
644,925
(142,808)
502,117		 Total
funds
2025
£
1,110
671,499
19,355
691,964
821,955
821,955
(129,991)
(12,817)
(142,808)
645,775
(142,808)
502,967		 Total
funds
2024
£
50,630
690,074
20,026
760,730
786,087
786,087
(25,357)
58,790
33,433
612,342
33,433
645,775

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 33 form part of these financial statements.

Page 15

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 08489497

BALANCE SHEET AS AT 31 JULY 2025

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current liabilities
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 30,582
112,036
142,618
(264,118)		 2025
£
5,533
618,933
624,466
(121,500)
502,966
502,966
502,966
850
502,116
502,966		 6,248
77,091
83,339
(179,766)		 2024
£
10,452
731,750
742,202
(96,427)
645,775
645,775
645,775
850
644,925
645,775

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Page 16

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 08489497

BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025

................................................ ................................................ Mr N Hayden Ms K Oliver (Chair of Trustees) (Trustee)

Date: 29 November 2025

The notes on pages 19 to 33 form part of these financial statements.

Page 17

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 19 to 33 form part of these financial statements		 2025
£
(83,105)
19,355
(1,305)
100,000
118,050
-
34,945
77,091
112,036		 2024
£
(458)
20,026
(3,035)
30,000
46,991
-
46,533
30,558
77,091

Page 18

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. General information

The Charitable Company, the Sutherland Cranial College of Osteopathy is a limited by guarantee company registered in England & Wales. The registered office is The Site, 24 Chosen View Road, Cheltenham, Glos GL51 9LT. The principal place of business is Hawkwood College, Painswick Old Road, Stroud, GL6 7QW.

The presentational currency of these financial statements is pound sterling, rounded to the nearest whole number.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Sutherland Cranial College of Osteopathy Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees are aware of the risks to the Charitable Company and have been putting plans in place to mitigate any risks. The course provision has been adapting to the changing environment and this has been used to control costs. Whilst there remain uncertainties within the operating environment the Trustees consider that they are well placed to move the provision and therefore the going concern basis remains appropriate.

Page 19

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 20

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 25% on cost

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and 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.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 21

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
1,110
Total 2024
50,630		 Total
funds
2025
£
1,110
50,630		 Total
funds
2024
£
50,630

Page 22

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

4. Income from charitable activities

Unrestricted
funds
2025
£
Course and Membership Income
671,499
Total 2024
690,074		 Total
funds
2025
£
671,499
690,074		 Total
funds
2024
£
690,074

5. Investment income

Unrestricted
funds
2025
£
Investment income
19,355
Total 2024
20,026		 Total
funds
2025
£
19,355
20,026		 Total
funds
2024
£
20,026

6. Analysis of expenditure by activities

Course and Membership Income
Course and Membership Income		 Activities
undertaken
directly
2025
£
550,583
Activities
undertaken
directly
2024
£
610,462		 Support
costs
2025
£
271,372
Support
costs
2024
£
175,625		 Total
funds
2025
£
821,955
Total
funds
2024
£
786,087

Page 23

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Course and
Membership
Income
2025
£
Bursary
535,617
Rent,rates and services
3,772
Scholarships and busaries awarded
-
Cancellation fees
11,194
550,583		 Total
funds
2025
£
535,617
3,772
-
11,194
550,583		 Total
funds
2024
£
559,402
16,637
34,423
-
610,462

Page 24

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Course and
Membership
Income
2025
£
Staff costs
123,411
Depreciation
6,224
Rent,rates and services
12,780
Insurance
1,107
Telephone costs
1,782
Printing, postage & stationary
1,601
Sundries
1,819
Repairs and maintenance
78
Bank and credit charges
3,567
Staff training
4,362
Subscriptions
2,111
Storage
3,900
Computer expenses
9,880
Exchanges (gain)/loss
(487)
Professional fees
21,880
Governance costs
77,357
271,372
7.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All other services not included above		 Total
funds
2025
£
123,411
6,224
12,780
1,107
1,782
1,601
1,819
78
3,567
4,362
2,111
3,900
9,880
(487)
21,880
77,357
271,372
2025
£
1,560
3,294		 Total
funds
2024
£
85,651
5,991
11,700
3,003
1,718
1,917
106
84
4,704
10,641
454
897
4,737
1,253
-
42,769
175,625
2024
£
1,500
3,466

Page 25

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
114,572
4,746
4,092
123,410		 2024
£
110,734
4,479
5,285
120,498

During the year a settlement of £15,000 was paid to an exiting employee. Of this settlement, £7,500 was a contractual payment of redundancy and £7,500 was paid via a non-contractual agreement. There was no balance outstanding at the year end.

The average number of persons employed by the Company during the year was as follows:

Administration and finance
Course co-ordination and marketing		 2025
No.
3
2
5		 2024
No.
3
2
5

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 July 2025, expenses totalling £ 3,929 were reimbursed or paid directly to 5 Trustees (2024 - £1,640 to 4 Trustees) .

Page 26

(A company limited by guarantee)

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

10.
Tangible fixed assets
Cost or valuation
At 1 August 2024
Additions
At 31 July 2025
Depreciation
At 1 August 2024
Charge for the year
At 31 July 2025
Net book value
At 31 July 2025
At 31 July 2024
11.
Fixed asset investments
Cost or valuation
At 1 August 2024
Disposals
Revaluations
At 31 July 2025
Net book value
At 31 July 2025
At 31 July 2024		 Plant and
machinery
£
70,432
1,305
71,737
59,980
6,224
66,204
5,533
10,452
Listed
investments
£
731,750
(100,000)
(12,817)
618,934
618,934
731,750

Page 27

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. Fixed asset investments (continued)

12. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
18,633
1,306
10,643
30,582		 2024
£
4,132
1,556
560
6,248

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income
Deferred income at 1 August 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
27,930
976
235,212
264,118
2025
£
101,350
168,554
(101,350)
168,554		 2024
£
68,691
1,681
109,394
179,766
2024
£
113,722
101,350
(113,722)
101,350

14. Financial instruments

2025
£
Financial assets
Financial assets measured at fair value through income and expenditure 730,970

Financial assets measured at fair value through income and expenditure comprise bank and cash.

Page 28

(A company limited by guarantee)

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

15. Statement of funds

Statement of funds - current year

Balance at 1
August 2024
£
Unrestricted
funds
Designated
funds
Strategic
reserves
-
General funds
General Funds -
all funds
644,925
Scholarships &
bursaries
awarded
-
644,925
Total
Unrestricted
funds
644,925
Restricted
funds
Donated
expenses
850
Total of funds
645,775		 Income
£
-
691,964
-
691,964
691,964
-
691,964		 Expenditure
£
(48,966)
(743,393)
(29,597)
(772,990)
(821,956)
-
(821,956)		 Transfers
in/out
£
50,000
(79,597)
29,597
(50,000)
-
-
-		 Gains/
(Losses)
£
Balance at
31 July 2025
£
-
1,034
(12,817)
501,082
-
-
(12,817)
501,082
(12,817)
502,116
-
850
(12,817)
502,966		 Gains/
(Losses)
£
Balance at
31 July 2025
£
-
1,034
(12,817)
501,082
-
-
(12,817)
501,082
(12,817)
502,116
-
850
(12,817)
502,966
501,082
-
501,082
502,116
850
502,966

Page 29

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

15. Statement of funds (continued)

Statement of funds - prior year

Balance at
1 August Gains/ Balance at
2023 Income Expenditure (Losses) 31 July 2024
£ £ £ £ £
Unrestricted funds
General Funds - all funds 611,492 726,307 (751,664) 58,790 644,925
Restricted funds
Restricted Funds - all funds 850 - - - 850
Total of funds 612,342 726,307 (751,664) 58,790 645,775
Summary of funds
Summary of funds - current year
Balance at 1 Transfers Gains/ Balance at
August 2024 Income Expenditure in/out (Losses) 31 July 2025
£ £ £ £ £ £
Designated
funds - - (48,966) 50,000 - 1,034
General funds 644,925 691,964 (772,990) (50,000) (12,817) 501,082
Restricted funds 850 - - - - 850
645,775 691,964 (821,956) - (12,817) 502,966

16. Summary of funds

Page 30

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

16. Summary of funds (continued)

Summary of funds - prior year

Balance at
1 August Gains/ Balance at
2023 Income Expenditure (Losses) 31 July 2024
£ £ £ £ £
General funds 611,492 726,307 (751,664) 58,790 644,925
Restricted funds 850 - - - 850
612,342 726,307 (751,664) 58,790 645,775
Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted Unrestricted Total
funds funds funds
2025 2025 2025
£ £ £
Tangible fixed assets - 5,533 5,533
Fixed asset investments - 618,934 618,934
Current assets 850 141,768 142,618
Creditors due within one year - (264,118) (264,118)
Difference - (1) 1
Total 850 502,116 502,966
Analysis of net assets between funds - prior year
Restricted Unrestricted Total
funds funds funds
2024 2024 2024
£ £ £
Tangible fixed assets - 10,452 10,452
Fixed asset investments - 731,750 731,750
Current assets 850 82,489 83,339
Creditors due within one year - (179,766) (179,766)
Total 850 644,925 645,775

17. Analysis of net assets between funds

Page 31

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase in creditors
Net cash used in operating activities		 2025
£
(142,808)
6,224
12,817
(19,355)
(24,334)
84,351
(83,105)		 2024
£
33,433
5,991
(58,790)
(20,026)
1,846
37,088
(458)
19.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2025
£
112,036
112,036		 2024
£
77,091
77,091

20. Analysis of changes in net debt

Cash at bank and in hand At 1 August
2024
£
77,091
77,091		 Cash flows
£
34,945
34,945		 At 31 July
2025
£
112,036
112,036

21. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £4,093 (2024 - £5,285) were payable to the fund at the balance sheet date and are included in creditors.

Page 32

THE SUTHERLAND CRANIAL COLLEGE OF OSTEOPATHY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

22. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

23. Related party transactions

The Trustees are qualified tutors who are used to deliver some of the courses. They are remunerated for the course delivery and for expenses at the same rate as the other course tutors.

There was £60 (2024: £540) paid to Churchdown Osteopaths in the year for room hire. This company is related due to a trustee being a director of this company. There was no balance outstanding between the parties at year end.

Page 33