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’)
1
## 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)
2
## 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.
3
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
4
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
5
## DECLARATIONS
The trustees declare that they have approved the trustees’ report above.
|Full Name|Position|Signature|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|
7
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)**
|**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies
Investments
Charitable activities
Other trading activities
Separate material item of income
Other|**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**_
|Tax payable
Net gains/(losses) on investments
**Extraordinary items**
Other gains/(losses)
**_Reconciliation of_**
**_funds:_**
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**_Net movement in funds_**
Total funds brought forward
**Other recognised** **gains/(losses):**
**Net income/(expenditure) before tax for the**
**reporting period**
Gains and losses on revaluation of fixed assets for the charity’s own
use
Separate material expense item
Raising funds
Other
Charitable activities|-|-|-|-|-|
|---|---|---|---|---|---|
|||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**
|**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors (Note 6)**
**Investments**
**Cash at bank and in hand (Note 7)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year**
**(Note 8)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 9)**
**Restricted income funds (Note 9)**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|**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
2
## **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.*
ü
* -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
3
|**_(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
4
**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
5
|**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*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü|ü
✔|ü|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü
✔|ü|ü|
||Yes*
No*
N/a*|||
||ü|ü|ü
✔|
## **2.3 EXPENDITURE AND LIABILITIES**
CC17 FRS 102 SORP
15/04/2021
6
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*|
|---|---|---|
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü||
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
||||
||||
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü|ü|ü
✔|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
|Yes*
No*
N/a*|||
|ü
✔|ü|ü|
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
CC17 FRS 102 SORP
15/04/2021
7
|**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
8
|**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
9
## **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
10
|**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
11
|**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
12
## **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**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**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
13
## **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
14
## **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**|**Legal authority (eg**
**order, governing**
**document)**|**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
15
_**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**|**Relationship to**
**charity**|
**Description of the**
**transaction(s)**|**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
16
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