2021-03-31-accounts - Schumacher Society

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SCHUMACHER SOCIETY TRUSTEES ANNUAL REPORT For the period from 6 April 2020 to 5 April 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number: 1182289 Principal Address: 3 Hillbrook Road, Totnes, Devon TQ9 5AT The Trustees: Dr. Patricia Shaw (Chair) Active from 1 March 2019 Dr. Jonathan Rae (Treasurer) Active from 1 March 2019 Ms. Julie Richardson (Secretary) Active from 1 March 2019 Dr. Michael Punt Active from 1 March 2019 Dr. Hannah Drayson Active from 9 November 2019

No Trustees hold title to property belonging to the charity There are no corporate Trustees.

Accountant and Examiner: IER Philip Cornish FCA of Beeson Weeks & Co. Bank: Triodos Bank. Deanery Road Bristol BS1 5AS.

OBJECTIVES AND ACTIVITIES:

Objectives: The objectives of the Schumacher Society are to advance the education of the public in the teachings of Dr E.F. Schumacher as they relate to issues affecting the future of our local and global society, including resource use, climate change, environmental management and social cohesion by organising and facilitating across disciplinary learning and the funding of research, the useful results of which will be disseminated for the public benefit.

Activities:

The Schumacher Society was established as a registered charity on 1 March 2019, becoming operational in July 2019. The main activities in this reporting period are:

Continuation of the Schumacher Society Research Fellowship as our core activity
Development of a range of experimental fringe activity around the Research in Action (RinA) community
Research meetings migration to on-line format due to COVID19
Launch of RinA website
Launching the public presence of our work through external publications and Thinking in Public (a curated collection of ‘work in progress’)

ACHIEVEMENTS AND PERFORMANCE

Membership of the Research in Action (RinA) Community

The RinA is the core community of the Schumacher Society. We have sustained steady numbers during this year – 17 people including core faculty. This includes 5 in UK, 9 in Europe, 4 in South America (1 on suspension) and 2 in China (1 inactive). We have extended our faculty and mentoring support to include Alison Donaldson who brings her experience of editing and publishing to help with the website and this aspect of the community’s work. Irish artist Marie Brett, Robin Saltonstall from Canada and Allan Kaplan from South Africa provide additional mentoring and may join research meetings as guests.

The Schumacher Society Research Fellowship

This continues to be our core activity. We have 10 people working towards this award, (5 of them also pursuing a PhD through separate enrolment at Plymouth University, UK (4) or Goethe University, Frankfurt, Germany(1)). During the year, 2 completed their Gateway sessions, presenting their work to a selected group of guest responders and another 2 are just completing the second marker of progress – preparing an essay for limited peer review for publication as a ‘Preview’ on our website. There is a variable fee structure for the Research Fellowship depending on the number of mentors they work with each trimester. We offered a second year of scholarship bursary to Bia Tadema.

Experimental Fringe Activity

A range of experimental fringe activity has evolved around the Research in Action community. This group of people have a looser form of affiliation to the community. During this year we have formalized this activity to enable members of this group to participate in webinars and the common room, maintain a gallery page on the website and attend research meetings (subject to faculty agreement and suggested donation to the Schumacher Society). This fringe allows more experimental activity and a more porous boundary and flexible movement between formalised and informal activity.

The Research in Action Community Meetings

During this year, the research in action community was unable to meet in person due to the COVID19 global pandemic. Two research meetings on-line were undertaken which required adapting the format. Use of the website ‘Gallery’ facilitated the on-line sharing of work and organizational information. We anticipate a further on-line research meeting in May 2021, but hope to meet in person in the Autumn.

Launch of Research in Action website

In the autumn 2020, the Research in Action community launched a new website (https://researchinaction.schumachersociety.net) which is linked to the Schumacher Society website. This is a community publishing platform that enables the following benefits:

On-line public presence of our work
Sharing work in progress via the Gallery space
Secure and user friendly
Being part of a larger community publishing platform (hosted by MIT)

Webinars

This year we launched a series of monthly research webinars led by guests or members of the community. We also maintained a monthly drop-in Common Room for members of the community.

Publishing

This year the Research in Action community made the following contributions to the public domain:

Luigi Russi (2021) Eavesdropping: the craft of social inquiry . Journal for the Theory of Social Behaviour

https://onlinelibrary.wiley.com/doi/abs/10.1111/jtsb.12266

Luigi Russi, Patricia Shaw, & Martin Daly (2021) Withdrawal to the already there – a practice triptych published on the Praxis site of the Mind, Culture and Activity journal. http://culturalpraxis.net/wordpress1/2021/03/31/withdrawal-to-the-always-already-there-a- practice triptych/

Juliana Schneider (2021) Artfulness in the Organisational Playground forthcoming in Special Issue of the Journal for Action Research (Artfulness in the Organisational Playground).

Julie Richardson forthcoming chapter ‘Weaving Practice and Theory’ in Wainwright H. and Kaldor M. (eds) ‘The Production of Transformative Social Thought.

Thinking in public: previews

This year, the Research in Action community launched Thinking in public: previews (ISSN 26348292) as a curated collection of ‘work in progress’ by members of the research-in-action community. https://researchinaction.schumachersociety.net/thinking

Delivering Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives. This includes launch of the Research in Action website with members pages; expanding the R in A community; cascading insights and research through the R in A community via webinars, publications, on-line documentation; curating a collection of ‘work in progress’; and collaboration with research groups and universities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

1.Organisational Structure

The Schumacher Society is a Charitable Incorporated Organisation (CIO) with voting members other than its charity trustees. It is governed by its Association Model Constitution dated 1 March 2019.

The members of the Schumacher Society currently comprise the five Trustees. Currently, the Trustees are responsible for policy making and overseeing the management of the Trust, its assets and its charitable activities. In practice, the Trustee Board meets quarterly (or more frequently) to conduct business. Minutes of the meetings are kept by the secretary and circulated to the Trustees.

There are currently no paid staff members of the Schumacher Society. The Research in Action activity is managed by two convenors, Patricia Shaw (honorarium waived) and Luigi Russi (honorarium £300/per day for one day per week) who make an annual report available to the Board of Trustees. There are also two voluntary advisors, Timothy Crabtree (fundraising) and Beatriz Tadema (executive assistant) that report to the RinA convenors.

2.Recruitment of Trustees

There are currently five charity trustees of the CIO (Patricia Shaw; Jonathan Rae; Julie Richardson; Michael Punt and Hannah Drayson). At the AGM on 18 May 2020, Julie Richardson and Jon Rae resigned as Trustees. Patricia Shaw proposed that Julie Richardson and Jon Rae be re-appointed for another year and Hannah Drayson seconded. They were unanimously reelected.

FINANCIAL REVIEW

Review of the financial position at the end of the period:

The accounts are in a reasonable position with unrestricted funds of £5,624 and restricted funds of £35,940.

Statement explaining the policy for holding reserves stating why they are held:

It is the policy of the Society to aim for a reserve that is equal to 6 months running costs to ensure the smooth running of the Society and our commitments to those we are engaged with.

Amount of reserves held £5,624

Reasons for holding zero reserves N/A

Details of fund materiality in deficit N/A

Explanation of any uncertainties about the charity continuing as a going concern N/A

Funds held as custodian trustees on behalf of others N/A

Additional information (optional):

The Charity’s principal sources of funds (including fundraising)

The principal sources of funding are fees for services rendered and fundraising.

Investment policy

The Society does not currently have an investment policy over and above holding reserves sufficient to the running of the Society for six months.

A description of the principal risks facing the charity

The major risks to the running of the charity are:

1) Sufficient sources of funds raised from foundations and philanthropists
2) The illness of key individuals responsible for the delivery of services currently offered

DECLARATIONS

The trustees declare that they have approved the trustees’ report above.

Full Name	Position	Date
Patricia Shaw	Chair
Jonathan Rae	Treasurer	22 April 2021
Julie Richardson	Secretary	22 April 2021
Michael Punt	Trustee	22 April 2021
Hannah Drayson	Trustee	22 April 2021

Schumacher Society

Charity number 1182299

Schumacher Society	1182289 CE016699 Charity number Company number	1182289 CE016699 Charity number Company number	1182289 CE016699 Charity number Company number	1182289 CE016699 Charity number Company number
Annual accounts for the period
Period start date	06/04/2020	To	Period end date	05/04/2021

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	5,252	-	5,252	45,926
	8,430	-	8,430	12,350
-		-	-	-
-	-	-	-	-
-	30,000	-	30,000	-
15	-	-	15	33
15	43,682	-	43,697	58,309

Expenditure (Notes 4)

Expenditure on: Raising funds Charitable activities Separate material expense item Other Total

-	-	-	-	-
	29,571	-	29,571	29,020

918	-	-	918	933
918	29,571	-	30,489	29,953

903 -	14,111	-	13,208	29,953
-	-	-	-	-
903 -	14,111	-	13,208	29,953
-	-	-	-	-
903 -	14,111	-	13,208	-
-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
903 -	14,111	-	13,208	-

6,527	21,829	-	28,356	-
5,624	35,940	-	41,564	28,356

Page 1 of 16

Schumacher Society

Charity No 1182289 Company No CE016699

As At 05/04/2021

Section B

Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
27	-	-	27	27
-	-	-	-	-
20,538	21,829	-	42,367	29,134
20,565	21,829	-	42,394	29,161

830	-	-	830	806

19,735	21,829	-	41,564	28,355

19,735	21,829	-	41,564	28,355

-	-	-	-	-
-	-	-	-	-

19,735	21,829	-	41,564	28,355

-			-	-
	35,940	-	35,940	22,454
5,624			5,624	5,901
			-

5,624	35,940	-	41,564	28,355

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signature of director authenticating accounts being sent to Companies House Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval dd/mm/yyyy
	Jonathan Rae	17/01/22


	Signature	Date dd/mm/yyyy
		17/01/22
	Jonathan Rae	Print name

CC17a

15/04/2021

Section C

Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

					the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
•	and	with*	ü ✔		their accounts in accordance with the Financial Reporting Standard applicable in the UK and
					Republic of Ireland (FRS 102) issued on 16 July 2014
•	and	with*	ü ✔		the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
•	and	with the Charities Act		2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the Sufficient funds to support planned activity conclusion that the charity is a going concern; Disclosure of any uncertainties that make the n/a going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes No	ü ✔	* -Tick as appropriate
	ü

Please disclose:

*(i) the nature of the change in accounting policy;*	*n/a*
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information; and*	*n/a*
*(iii) the amount of the adjustment for each line affected in* *the current period, each prior period presented and the* *aggregate amount of the adjustment relating to periods* *before those presented, 3.44 FRS102 SORP.*	*n/a*

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes No	ü ✔	* -Tick as appropriate
	ü

Please disclose:

n/a

(i) the nature of any changes;

CC17a (Excel)

15/04/2021

*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*	*n/a*
*(iii) where practicable, the effect of the change in one or* *more future periods.*	*n/a*

1.5 Material prior year errors

1.5 Material prior	year errors	year errors	year errors
No materialpriory	ü ✔ ü * -Tick as appropriate ear error have been identified in the reporting period(3.47 FRS102 SORP).
Yes No	ü ✔	* -Tick as appropriate
	ü
*Please disclose:*
*(i) the nature of the prior period error;*			*n/a*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*			*n/a*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*			*n/a*

CC17a (Excel)

15/04/2021

Section C Notes to the accounts (cont) Note 2 Accounting policies This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change in n/a accounting policy Reconciliation of funds per previous GAAP to funds determined under FRS 102 End of Start of period period £ £ Fund balances as previously stated Adjustments: n/a

Fund balance as restated

Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £ Net income/(expenditure) as previously stated Adjustments: n/a Previous period net income/(expenditure) as restated

CC17a (Excel)

15/04/2021

Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; • it is more likely than not that the trustees will receive the resources; • the monetary value can be measured with sufficient reliability. Offsetting Grants and donations Note 2 Accounting policies Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. 2.2 INCOME This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Government grants The charity has received government grants in the reporting period Legacies Tax reclaims on donations and gifts Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Income from membership subscriptions Income from interest, royalties and dividends The charity has incurred expenditure on support costs. Contractual income and performance related grants Support costs Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Settlement of insurance claims Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Donated services and facilities Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Investment gains and losses	Yes No N/a*
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	Yes No N/a*
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2.3 EXPENDITURE AND LIABILITIES

CC17 FRS 102 SORP

15/04/2021

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Liability recognition

Governance and support Support costs have been allocated between governance costs and other support. costs Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of conditions service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.

Grants payable without Where there are no conditions attaching to the grant that enables the donor charity to performance conditions realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Creditors

Provisions for liabilities

The charity accounts for basic financial instruments on initial recognition as per paragraph Basic financial instruments 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

2.4 ASSETS Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity They are valued at cost. The depreciation rates and methods used are disclosed in note 14.

The charity has intangible fixed assets, that is, non-monetary assets that do not have Intangible fixed assets physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15.

They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained Heritage assets principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.

They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are valued Investments at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and Current asset investments cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17 FRS 102 SORP

15/04/2021

Section C	Notes to the accounts	(cont)	(cont)	(cont)	(cont)	(cont)
Donations andgifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Sales Other Total Other Total Interest income Dividend income Rental and leasingincome Other -gains on foreign exchange Total Income related to 21/22 activity Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Other information: Other trading activities: Note 3 Income Analysis of income Donations and legacies: TOTAL INCOME Charitable activities: Separate material item of income Other: Income from investments:	Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ 5,252 -5,252 45,926 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,252 -5,252 45,926 8,430 -8,430 12,350 - - - - - - - - - - - - - - - - 8,430 -8,430 12,350 - - - - - - - - - - - - - - - - - -27 - - - -27 12 - -12 6 - - - - - - - - - - 3 - - 3 - 15 - -15 6 -30,000 -30,000 - - - - - - - - - - - - - - - - - 30,000 -30,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15 43,682 -43,697 58,309 Translated at prevaling rate at time of transaction. £30,000 received in March 2021 is restricted fund income relating to a specific 21/22 activity £41,451 of donations and legacies n/a
	Donations andgifts		5,252	-	5,252	45,926
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	-	5,252	-	5,252	45,926

	Sales		8,430	-	8,430	12,350
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	8,430	-	8,430	12,350

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other		-	-	-	27
	Total	-	-	-	-	27

	Interest income	12	-	-	12	6
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other -gains on foreign exchange	3	-	-	3	-
	Total	15	-	-	15	6

	Income related to 21/22 activity	-	30,000	-	30,000	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	30,000	-	30,000	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
All income in the prior year was unrestricted except for: (please provide description and amounts)		£41,451 of donations and legacies
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		£30,000 received in March 2021 is restricted fund income relating to a specific 21/22 activity

Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		Translated at prevaling rate at time of transaction.

CC17a

15/04/2021

Section C	Notes to the accounts	(cont)
Note 4

Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)
Note 4
Fundraising agents Operating charity shops Analysis of expenditure on charitable activities Charitable activities Expenditure on raising funds: Incurred seeking legacies Portfolio management costs Investment management costs: Incurred seeking donations Expenditure on charitable activities Other bank fees Total other expenditure Investment administration costs Separate material item of expense Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social lotteries Staging fundraising events Database development costs Other trading activities Analysis of expenditure Intellectual property licencing costs Incurred seeking grants Total expenditure on charitable activities Other information: TOTAL EXPENDITURE Total expenditure on raising funds Operating a trading company undertaking non-charitable trading activity Cost of obtaining investment advice Independent examiner fees Total	Analysis of expenditure	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Incurred seeking donations	-	-	-	-	-
	Incurred seeking legacies	-	-	-	-	-
	Incurred seeking grants
	Operating membership schemes and social lotteries
	Staging fundraising events
	Fundraising agents
	Operating charity shops
	Operating a trading company undertaking non-charitable trading activity
	Advertising, marketing, direct mail and publicity	-	-	-	-	-
	Start up costs incurred in generating new source of future income	-	-	-	-	-
	Database development costs	-	-	-	-	-
	Other trading activities
	Investment management costs:	-	-	-	-
	Portfolio management costs	-	-	-	-	-
	Cost of obtaining investment advice	-	-	-	-	-
	Investment administration costs	-	-	-	-	-
	Intellectual property licencing costs	-	-	-	-	-
	Rent collection, property repairs and maintenance charges	-	-	-	-	-
		-	-	-	-	-
	Total expenditure on raising funds	-	-	-	-	-

			-	-	-	-
	Charitable activities		29,571	-	29,571	29,020
		-	-	-	-	-
		-	-	-	-	-
	Total expenditure on charitable activities	-	29,571	-	29,571	29,020

	Independent examiner fees	830	-	-	830	806
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	830	-	-	830	806

	bank fees	88	-	-	88	127
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total other expenditure	88	-	-	88	127

		918	29,571	-	30,489	29,953

Activity or programme	Activities und	ertaken directly	Grant funding of activities	Support Costs	Total this year	*Total prior* *year*
		£	£	£	£	£
Activity 1 Activity2	Grantintermediation		0		0	5000
	Contract services		26928	2136	29064	23020
Other	Bursaries and Scholarships		507		507	1000
Total			27435	2136	29571	29020

Prior year expenditure on charitable activities can be analysed as follows:		n/a

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)		n/a

Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).		Translated at prevaling rate at time of transaction.

CC17a (Excel)

15/04/2021

Section C

Notes to the accounts

Note 5 Details of certain types of expenditure

Note 5.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year £	Last year £
	830	806.4
	0	0
	0	0
	0	0

CC17a (Excel)

15/04/2021

Section C Notes to the accounts	(cont)	(cont)
Total Trade debtors Prepayments and accrued income Other debtors Note 6 Debtors and prepayments 6.1 Analysis of debtors
	This year £	Last year £
	27.0	27.0
	-	-
	-	-
	27.0	27.0

CC17a (Excel)

15/04/2021

Section C Notes to the accounts	(cont)	(cont)
Other Short term deposits Cash at bank and on hand Total Note 7 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)
	This year £	Last year £
	-	-
	-	-
	42,367	29,134
	-	-
	42,367	29,134

CC17a (Excel)

15/04/2021

Section C Notes to the accounts

(cont)

Note 8 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

8.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
830	806	-	-
-	-	-	-
-	-	-	-
830	806	-	-

CC17a (Excel)

15/04/2021

Section C

Notes to the accounts

(cont)

Note 9 Charity funds

9.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
2021/22 Grant received in 20/21	R	Restricted to use in 21/22 financial year	-	30,000		-	-	30,000
Restricted funds	R	conveningcourse for theprogramme	21,829	13,682	- 29,571	-	-	5,940
Other funds (balancing figure)	UR		6,527	15	- 894	-	-	5,648
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds (balancing figure)*	N/a	N/a	-	-	-	-	-	-
Total Funds as per balance sheet			28,356	43,697	- 30,465	-	-	41,588

CC17a (Excel)

15/04/2021

Section C

Notes to the accounts

(cont)

Note 10. Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

10.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
	This year					Last year £
	Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
	£	£	£	£	£
					0



*Please give details of why remuneration or other employment* *benefits were paid.* *State the number of trustees to whom retirement benefits are* *accruing under a defined contribution pension scheme.* *Where an ex gratia payment has been made to a trustee,* *provide an explanation of the nature of the payment.* *If a third party has been reimbursed for providing one or more* *trustees, state the nature of the payment and amount of the* *reimbursement.*

10.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)			*FALSE*

Type of expenses reimbursed		This year	Last year
		£	£
Travel		0	1329.82
Subsistence		1929	0
Accommodation
Other (please specify):

	TOTAL	1929	1329.82
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	One trustee-Patricia Shaw

10.3 Transaction(s) with related parties

CC17a (Excel)

15/04/2021

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False) TRUE

Name of the trustee or related party	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
	£	£	£	£




*For any related party, please provide details of any guarantees* *given or received.* *In relation to the transactions above, please provide the terms* *and conditions, including any security and the nature of any* *payment (consideration) to be provided in settlement.*

CC17a (Excel)

15/04/2021

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldlrectorsl members of Schumacher Society On accounts for the year ended 5" April 2021 Charily no.: 1182289 Company no.: CE016699 Set out on pages I report to the charity trustees on my examination of the accounts of the Company for the year ended 0510412021. Responslbllitles and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("Ihe 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year 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 Charilies Acl 2011 {"the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5){bl ofthe 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that= accounting records were not kept in accordance with section 386 of the Companies Act 2006: or the accounts do not accord with such records,. or the accounts do not cotnply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accordan with the Charities SORP IFRS102). I have no concems and have come across no other matters in connection with the examination lo which altention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Signed: Date: 2014121 Name: Philip Cornish IER P Cornish FCA of Beeson Cornish Ltd 20th April 2021

Relevant professlonal quallficatlon(s} or body (if any): ICAEW member number 7931029 Address: Falcon House. Eagle Road. plymstock, Plymouth PL7 5JY Section B Disclosure Only complete rf the examiner needs to highlight material matters of concem (see CC32, Ind8P8nd8nt examination of charity accounts: directions and guidance for 8xaminers}. Gfve here brlef detslls 01 any Items that the oxamlner wlshes to dlsclose. IER P Cornlsh FCA of Beeson Cornlsh Ltd 20th April 2021