CHARTfY NUMBER: 1202586
ANNUAL REPORT AND FIS'AN'CIAL STATEIIIE.NTS
FUR THF. YF.AR F.IDF.D 31 .IIARCH 2024

THE SCHOOL OF HERBAL MEDICI.YE
AI%IIUAL REPORT AYD FINANCIAL STATE￿IENTs
FOR THE YEAR EIIDED 31 ,NIARCH 2024
CONTENTS
PAGE
Reference and Administrative Inforn)alion
Annual Report of the Trustees
Independent Examiner's Report
Sialemenl of Financial Activities
Balance Sheet
Annual Report of the Trustees
Notes lo the Financial Sialements
9- 11

REFERENCE AIYD ADMIYISTRATIVE INFORMATIO
FOR THE YEAR ENDED 31 MARCH 2024
Charity name:
The School of Herbal Medicine
Charity Registration Number:
1202586
Reglstered Office:
28 Angel Crescent
Bridgwaier
Somersel
TA6 3EW
Trustee:
The following Trustees were In office as al the dale of this report".
Margaret Anne Pope
Chairperson Appointed 31" March 2023
Other Trustee Directors who held office during the year were as follows..
Elizabeth Anne Saunders-singer
Appointed 31" March 2023
Dr. Susan Vassar
Appointed 31. March 2023
Christopher Leslie Pope
Appointed 31" March 2023
Sally Anne Gurner Andrews
Appointed I I, July 2023
Accountants and
Independent Examiners:
Michael J. Dodden & Co.
Chartered Cenified Accounlanls
34 North Sireel
Bridgwater
Somerset
TA6 3YD
Bankers:
Natwesl
9 York Buildings
Cornhill
Bridgwater
Somersel
TA6 3BS
Page I

THE SCHOOL OF HERBAL MEDICINE
A￿liuAL REPORT OF THE TRLTSTEF.S
FOR THE YEAR ENDED 31 .MARCH 2024
The Trnslees presenl their report and Ihe financial sialements for the year ended 31 March 2024.
REFF.RENCE AND ADMINISTRATIVE INFORMATION
The reference and adminisirative infonnalion sel out on page I fornts part of this report.
STRUCTURE GOVERNAYCE AI%D MANAGEMENT
The organisation is a charity and registered on 31° March 2023. They have a constitution which is
managed by the CIO. Trustees seleciion mcihods including details of any conslitulional provisional
are people who are interested in herbal medicine and support ihe training of medical herbalists and
who realise the importance of education for the fijture of herbal medicine as practiced in Ihis country
for the 2,000 years. Policies and procedures adopled for the induclion and trnining of trusiees are
infomial and discussive. None of our trustees are paid. Mrs. Singer is an experience trusiee wilh Ihe
Sioke Club and has shared her expertise generously in meetings. Sally Andrews is an experienced
bookkeeper. The charities organisalional strnclure and any wider network with which Ihe charity
work are major strategic and financtal decisions and made by S Vassar and M. Pope, including
discussions with Irusiees where appropriale. We have no wider network. In accordance with a Iruslees
meeting whilst selling up the charily S Vassar and M Pope have reduced their teaching load and have
successors for next year to continue to reduce their leachin8 commilmenls.
OBJECTIVES AND ACTIVITIES
The objects of the CIO are to advance Ihe education of the public in the subject of herbal medicine in
such ways as the charity trusl¢es think fit. and in particular (bul nol exclusively) by..
the provision of a Iraining coursc leading lo an Advanced Diploma in Herbal Medicine. and
the operation of a training herbal clinic open lo the public in which students undertaking training in
Herbal Medicine can gain relevant practical experience, the eslablishmenl of which is a necessary
parl of the students. education.
Key objectives for the ycar included:
to broaden the academic curriculum by providing a comprehensive public health module which
addresses the importance of soil, air and waier quality on the health of patients. and the effect that
climate change can have on health.
lo increase student applications
lo provide continuing 5UPPOrt of the students who have graduated by providing a follow-on post
graduate support group
to develop ways in which our ring-fenced bursary could provide extrdcurricular aclivilies of their
herbal Iraining which would benefit our final year studenls.
lo develop and expand Ihe herbal training clinic on sile so that students can gain relevant practical
experience
lo provide herbal tiealment for their local communtty at reduced fees.
ACHIEVEMELYfs AND PERFOILMANCE
Module fees were raised from £520 10 £530 for the academic year starting September 2023 which is
in line wilh the Consumer Price Index of March 2023-2024.
Page 2

Students are allowed lo pay by monthly instalments. which has particularly allowed students on lower
incomes lo join Ihe school
Student numbers have remained stsble, although the school is running below capacity.
The school has just completed their Annual Review foT our ongoing accreditation with the National
Institute of Medical Herbalists.
The school is pursuing accreditation wlih the European Herbal and Traditional Practitioners
Association, for which they are in the final siages
An extra monthly Saturday clinic has been added lo their weekly Monday clinic io enable students
which is essential for their training
This means that the local community benefits from exlrd access lo low-cost herbal medicine, and
nutrilional and lifestyle advice
The school hosted a Guest Speaker Day where a professional herbalist spoke about developing a
herbal medical practice
The school's website has been thoroughly updated, and the prospectus and application forni are now
online
Achievements against objectives sei are we hired four leaders in their fjeld to deliver the
comprehensive public health module in which the importance of soil, air and water quality on the
health of patients. and Ihe effecl that climate change can have on health was addressed
•sludenl applicaiions were increased due to the applicaiion forni being easily accessible online
• a follow-on post graduate support group has been set up and run by a tulor
the bursary will now be given lo our final year Sludenls lo obtain a FRFC3 qualification
the school has expanded our clinic by adding an exira Saturday a monih
the number of paltenls from the local community accessing the Iow-cost clinic has grown.
Perforn]ance of fundraising activilies against objectives set are we have an ongoing Easy Fundraising
link which conlribules small amounls.
Onsite we have a second-hand medical book selection to benefit our students. On our Guest Speaker
Day we have a cake sale 10 rdise funds
FINANCIAL REVIEW
A statement explaining the policy for holding reserves are ihere lo assure that we can pay our rent
and bills if the monthly students fee are delayed. The amount of reserves held are £4,000. An
explanallon of any uncertainties about Ihe charity coniinuing as a going concern are if all our students
pay their fees all is well, if a proportion of them experience financial difficulties we would have lo
reconsider our position.
The charilies principal source of funds is student fees.
The principal risks facing the charity would be the rate of students dropping out. Fortunately, the
dropout rale from year 2 is zero
Page 3

This report has been prepared in accordance with the Sialement of Recommended Practice..
Accounting and Reporting by Charilics (FRS 102) and in accordance with the special provisions of
Part 15 of the Companies Act 2006 relating lo small companies.
Approved by the Trustees on 13, December 2024 and signed on their behalf by:
Margaret A. Pope
Chair of the Truslees
Th¢ School of Herbal Medicine
13, December 2024
Page 4

IN
ENT EXA
ER,
REP
THE TR
THE SCHOOL OF HERBAL NIEDICI.NE
FOR THE YEAR ENDED JI NIARCH 2024
I report on the financial siaiements of the company for the year ended 31 March 2024. which are sel
out on pages 5 to 10.
Respective Responsibilities of Trustees and Examiner
The Trustees are responsible for ihe preparnlion of the financial slal¢menls. The charity's trustees
consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the
Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is nol subject lo audit under company law and is eligible for
independent examinaiion, it is my responsibility lo..
examine the accounis under Section 145 of Ihe Charilies Act.
lo follow Ihe procedures laid down in the General Directions given by the Charity Commission
under Section 145(5)(b) of the Charilies Act: and
lo state whether particular mailers have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by Ihe Charity
Commission. An examination includes a review of the accouniing records kept by thc charity and a
comparison of the financial slaiemenls presented with those records. 11 also includes consideration
of any unusual items or disclosures in the financial siaiemenls. and the seeking of explanations from
you as Iru51ees concerning any such mallers. The procedures undertaken do noi provide all the
evidence that would be required in an audit and. consequcntly, no opinion is given as to whether the
financial slatemenls pr¢s¢ni a 'true and fair view, and Ihe report is limited to those mallers sel out in
the statement below.
Independenl Examiner's Statement
In connection with my examinaiion, no material matters have come lo our aiienlion which gives me
reasonable cause lo believe that. in any material respect-
al the accounting records were not kepi in accordance with Section 130 of the Charities Act. or
bl the accounts did noi accord with the accounting records.
I have come across no other matters in connection with the examination to which attenlion should be
drawn in this report in order lo enable a proper undersianding of the financial statements lo be reached.
Michael J. Dodden & Co.
Chartered Certified Accountants
34 North Street
Brid
aler
Ben Cleaveley FCCA A TT
Dale: 13, December 2024
Page 5

HE
STATE.MENT OF FINANCIAL ACTII'ITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted R￿trIcted
Total
Funds
Funds
2024
Note
INCO,MING RESOURCES
Income from fees
Bank inieresi
95.693
61
95,693
61
Total incoming resources
95,754
95,754
RESOURCES EXPENDED
Costs of generating funds..
Wages and salaries
Rental expenditure
Direct costs
Computer costs and subscriptions
Sundry expenses
Printing, posiage and stationary
Advertising
Rates. insurance and utilities
Repairs and maintenance and hire
Accommodation and meals
Phannacy costs
Legal fces
Accounlancy and bookkeeping
Bank charges
33,934
13,041
19,391
2,220
53
3,645
500
2.070
5.787
12,256
1.956
1.380
963
216
33,934
13.041
19,391
2,220
53
3.645
500
2,070
5.787
12.256
1.956
1,380
963
216
Totydl resources expended
97.412
97.412
Nel tJV(oul) resources for Ihe year
(1,658)
{1.658)
Total funds brought forward
Total fund5 carried forward
(1.658)
(1.658)
All activities of the charity are continuing operations.
Page 6

THE SCHOOL OF HERBAL MEDICINE
BALA,NCF. SHEET
AS AT 31 IM.&RCH 2024
2024
Note
FIXED ASSETS
Tangible fixed assets
CURRENT ASSETS
Stock
Accrued income
Debtors and prepayments
Cash ai bank and in hand
2.195
7.794
9,989
CREDITORS: AMOUN'TS
FALLING DUE WITHIN OYE YEAR
Trade creditors
Other creditors
Accruals and defeTred income
21,575
21,575
NET CURRENT ASSETS
(11,586)
NET ASSETS
(11.586)
REPRESENTED BY:,
Unrestricted fund5
(11.586)
TOTAL FUNDS
{11.586)
The directors, siatemenls required by Sections 475{2) and (3) are shown on the following page which
fornis part of this Balance Sheet.
Page 7

THE SCHOOL OF HERBAL MEDICINE
AI%NUAL REPORT OF THE TRL'STEES
FOR THE YEAR ENI DED 31 MARCH 2024
In approving these financial statements as direclors of ihe company we hereby confimi:
a) Ihat for Ihe year staled above ihe company was entiiled io the exemption conferred by Section
477 of the Companies Aci 2006:
b) that no notice has been deposited at the registered office of ihe company pursuant to Section
476 requesting that an audit be conducted for the year ended 31 March 2024- and
cl that we acknowledge our responsibililies for-
l ) ensuring that the company keeps accounting records which comply with Section 386. and
2} preparing financial slaiemenis which give a true and fair view of ihe slate of affairs of the
company as at the end of the financial year and of its profIl or loss for the year then ended
in accordance with the requirements of Seclion 393 and which oihenvise comply with the
provisions of the Companies Act 2006 relating 10 financial siaiements. so far as applicable
to the company.
These accounts have been prepared in accordance wilh the Sialement of Recommended Praclice..
Accounting and Reporting by Charilies (revised 2005) and in accordance with Ihe special provisions
of Part 15 of the Companies Act 2006 relating to small companies.
The financial siatements were approved by the Board on 13, December 2024 and signed on ils
behalf by
Margaret A. Pope
Chairperson
Page 8

THF, SCHOOL OF HERBAL I¥TEDICIN'E
OTES TO THE FI)ASCIAL STATE.MENTS
FOR THE YEAR ENDED 31 IIARCH 2024
ACCOUNTING POLicfES
Basis of Accounting
The Financial Siatements have been prepared in accordance with the historical cost
convention, applicabl¢ accounling standards. the Slaiemenl of Recommended Practice..
"Accounting and Reporting by Charilie5" (FRS 102) and the Charities Act 2011. The
principal accounting policies which have been adopl¢d on a consistent basis within thai
convenlion are sel out below.
Incoming Resourc
Income is recognised in Ihe year in which the Charity is entitled lo receipt and the amount can
be measured with reasonable certainly.
Grants and donalions are recognised on a receivable basis. Granis and donations received for
the general purposes of the Charity are credited lo unrestricted funds. Grants and donations
subject to specific wishes of Ihe donors are Ca￿led to relevant restricted funds.
Resources Expended
Resources expended are accounied for in the year in which Ihey are InCu￿ed. The Charity is
not regisiered for VAT and consequently input VA T payable on expenses is included within
the item of expense to which il relales.
Where an item of expenditure fa115 directly wilhin one cost category il is altribuied lo Ihal
category only. Where expendilure involves more Ihan one category it is apportioned on a
reasonablc and juslifiable basis.
Restricied Fund5
Reslricled funds arise where donors place restrictions on how the money can be spenl. Boih
the income and capital of the funds may be applied for the charitable purposes.
Unrestricied Funds
These are funds which can be used in accordance wilh the charilable objects at the discretion
of the Trustees.
2. STAFF COSTS AND EMOLUMENTS
There were no employees with emoluments above £60,0(K) in either the current or previous year.
None of the Trnslees received any remunerdtion or reimbursement of expenses from the Charity
during either the currenl or previous year.
Page 9