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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 220480

Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2021

for

Anthroposophical Society in Great Britain Consolidated

Salisbury & Company Business Solutions Limited Statutory Auditors Chartered Accountants 4 Paradise Crescent Paradise Road Penmaenmawr Conwy LL34 6AR

Anthroposophical Society in Great Britain Consolidated

Contents of the Financial Statements for the year ended 31 December 2021

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 21
Detailed Statement of Financial Activities 22 to 23

Anthroposophical Society in Great Britain Consolidated

Report of the Trustees for the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Anthroposophical Society in Great Britain aims to promote an understanding of anthroposophy, that is the spiritual science which arises through the writings and teachings of Rudolf Steiner. It aims to aid its development based on the needs of humanity and of the earth, and to support activity arising out of it. It sees this as having a very wide and deep public benefit, as Rudolf Steiner contributed insights into so many aspects of human endeavour and world ecology.

The Society supports and promotes research, development and the practical application of the work of Rudolf Steiner in the fields of education, meditation, agriculture, the arts, science, religion, philosophy, social science and organisational development, medicine and welfare - primarily, but not exclusively, in Great Britain. It supports the School of Spiritual Science and its activities and holds a wide variety of seminars, exhibitions and cultural events covering a diverse range of subjects for the benefit of its members and the wider public.

The Society's office is located at Rudolf Steiner House and all the trustees of the Society are also the trustees of the Anthroposophical Association, which manages and runs Rudolf Steiner House.

The Society circulates a newsletter four times a year in order to inform members of anthroposophical activities held throughout the country.

The Society makes grants to support activities in accordance with its charitable aims and objectives. Grants usually cover a wide range of subjects, like scientific, medical, educational and artistic work, speech, drama, eurythmy, biodynamic farming, youth work and many more. The grant process is currently managed by the Trustees in the place of a nominated grants committee, whilst a revision of grant making procedures is underway.

10% of legacy income during 2021 was granted to the General Anthroposophical Society (GAS) at the Goetheanum, Switzerland in addition to regular annual contributions for unrestricted use.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Owing to the second year of lockdowns due to the pandemic, some events which would normally take place throughout the year were either cancelled or were offered as online events.

The annual Society Summer Conference, open to members and the wider public, was postponed for the second year due to Covid, but the School of Spiritual Science conference took place in August 2021 at Rudolf Steiner House.

Regular meetings for coordinators working in the different professional Sections of the School of Spiritual Science were held online. Effective working of the School is seen as essential to bringing anthroposophy to the public in new and relevant ways appropriate to the needs of today. The principal aim of the meetings was to focus on the different work fields of the Sections of the School and develop colleagueship between the section coordinators and the trustees.

The Society aims to support the publishing of a comprehensive catalogue of anthroposophical literature in English.

The Society continues with its close working relationship with the GAS. Our General Secretary is now a member of the extended board and attended monthly board meetings at the Goetheanum, this year mainly via zoom

FINANCIAL REVIEW

Principal funding sources

The Society's main income is derived from membership contributions, legacies and donations and rental income from RSH. The trustees continuously review and implement new initiatives, policies and procedures to maximise the use of the house and the income it creates, whilst trying to minimise the expenditure of running it. This year we received notification of some further legacies.

Page 1

Anthroposophical Society in Great Britain Consolidated

Report of the Trustees for the year ended 31 December 2021

FINANCIAL REVIEW

Reserves policy

The trustees' Reserves Policy is to hold a minimum of unrestricted cash reserves at any given time of £500,000.

At 31st December 2021 the Society held cash reserves of £843,112.

The Reserves Policy is reviewed annually. The next review is due in May 2022.

FUTURE PLANS

The Trustees undertake regular reviews of their principal areas of focus, assessing progress and highlighting areas for future development. Support, both financial and organisational, for the work of the Sections of the School of Spiritual Science will continue to be a priority for 2022. Supporting cultural and artistic activities and engaging with and supporting institutions inspired by anthroposophy are all on-going priorities for 2022, with a special emphasis on cultural and artistic work (including Eurythmy, an art of movement inaugurated by Rudolf Steiner) with the support of our new Creative Director who was appointed in April 2021. A main priority in 2022 will be to launch our theatre as the Marylebone Theatre with a programme of theatre, music, dance, eurythmy and spoken word performances as well as developing a Youth Theatre. We will also continue to support the Waldorf Steiner schools movement in Great Britain.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Society's aims and objectives and in planning future activities. The Society will continue to pursue its objectives in the future, both through improving present established strategies and through developing new ones.

The Trustees will undertake refresher Governance training for charity trustees, as well as training in Diversity and Inclusion together with the staff of Rudolf Steiner House.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity was established under a Deed of Trust, which established its objectives and powers, and is governed under its Statutes, Rules and Bye-laws. The Anthroposophical Society in Great Britain is a Group of the General Anthroposophical Society, which has its seat of activity at the Goetheanum in Dornach-bei-Basel, Switzerland.

Its aim is twofold:

(1) To secure and sustain the ASinGB's viability and future.

(2) To give reassurance to the general public that the ASinGB, which is a charity, intends to use all of the money coming into its care for the purposes of the charity.

Tight financial controls on the extent of the running of the society and its charitable aims funding and reporting have been exercised. The accounts of the Anthroposophical Association are consolidated with those of the Society.

Page 2

Anthroposophical Society in Great Britain Consolidated

Report of the Trustees for the year ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

In accordance with the Bye-laws, the Council of Trustees should consist of not more than 9 members. Following a change of bye-law at the 2015 Annual General Meeting, at every AGM one third of the Council of Trustees or, if their number be not a multiple of three, the number nearest one third, retire by rotation. The General Secretary and the Hon. Treasurer are additional members ex officio. Two persons may share the office of General Secretary. Council members are appointed through a process of nomination by members, selection and affirmation. All policy decisions are taken in full council. Subgroups of Council are formed and mandated for specific tasks. The Council assesses its training needs and this is provided as required.

In the autumn of each year a meeting of members of Anthroposophical Groups and Anthroposophical Initiatives from around Britain proposes a group of between 5 and 7 members to form a Nominations Committee. This Committee receives nominations for prospective Council Members from individual members of the Society, interviews nominees, and assesses their suitability in the light of the requirements of the Council and membership. It also checks whether candidates meet statutory requirements. Selected candidates are then required to present themselves to the members at the AGM, where an affirmation process is undertaken.

Since 2010, the procedure for the appointment of the Hon. Treasurer has been through nomination by 3 members, then approval by a majority of Council, followed by affirmation by the members at the AGM. At the AGM in 2009 a motion was passed establishing this procedure. The appointment is for three years.

In 2013, the appointment of the General Secretary was through nomination by members, then short-listing and final selection by an electoral college made up of representatives of registered study groups from around the country. The selected candidate was then put forward for affirmation by the members at the AGM and was reaffirmed at the last AGM.

In 2021, the Council met regularly, partly at Rudolf Steiner House and partly via zoom.

The Annual General Meeting, usually held in May, was postponed to 31st July due to the lockdown. In light of not having held an AGM in 2020, the 2020 Nominations Committee was not disbanded until the AGM in 2021. In November 2021 a new Nominations Committee was formed.

Following the deconsolidation of the two organisations in 2014, there is now a Guardian Director arrangement between the Society and the Rudolf Steiner Press. The Guardian Director is a director of Rudolf Steiner Press who, with the agreement of the RSP directors, is nominated by the Council of the Anthroposophical Society in Great Britain. The Guardian Trustee, legally independent from the Society, is not a representative of the Society, but acts in accordance with his or her judgement for the benefit of anthroposophy in this country. The specific rights and duties of the Guardian Director are laid out in the Amended Publishing and Licence Agreement 2014

Key management remuneration

The key managerial post during the year was held by Doris Bailiss, General Manager. Her remuneration is set in accordance with the Charity's salary policy linked to the Consumer Price Index.

Related parties

The Anthroposophical Society in Great Britain exercises control over one other charity, the Anthroposophical Association Limited, which has identical objectives and carries out particular aspects of the charity's work connected with the running of Rudolf Steiner House. The Anthroposophical Society may financially support the activities of the Association in pursuance of their joint charitable objects.

Risk management

The Trustees have reviewed the risks facing the charity during this period. The group Risk Register has been reviewed regularly, and steps taken to mitigate any perceived risks. Following on from last year, the Society has continued to undertake significant reviews of its operation, particularly in the areas of financial management, internal governance, and communication.

Data protection

The Society's records are held on an electronic database which may be accessed by authorized staff. In the course of 2019 there have been further significant up-dates and improvements in the system recording and tracking membership contributions. Procedures for ensuring the security of members' personal information were reviewed and updated and there are on-going improvements in this area.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

220480

Page 3

Anthroposophical Society in Great Britain Consolidated

Report of the Trustees for the year ended 31 December 2021

Principal address

Rudolf Steiner House 35 Park Road London NW1 6XT

Trustees

Ms M Van Boeschoten Mr S H Blaxland-de Lange Mr. A M Locher Mrs M A Edwards Mr A Sanderson Retired (resigned 17/7/21) Mrs A Reynolds Retired Teacher Mrs C T A Bryan Publicity director

Auditors

Salisbury & Company Business Solutions Limited Statutory Auditors Chartered Accountants 4 Paradise Crescent Paradise Road Penmaenmawr Conwy LL34 6AR

Bankers

Triodos Bank Deanery Road Bristol BS1 5AS

Solicitors

Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES

PERSONAL VIEWS

The Society attempts at all times to emphasise that it holds no particular view or political stance on any exoteric issues; nor are any of its members' views to be held to be those of the Society. Council members regularly review publication of articles by members for public dissemination.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

Page 4

Anthroposophical Society in Great Britain Consolidated

Report of the Trustees for the year ended 31 December 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................................... Ms M Van Boeschoten - Trustee

Page 5

Report of the Independent Auditors to the Trustees of Anthroposophical Society in Great Britain Consolidated

Opinion

We have audited the financial statements of Anthroposophical Society in Great Britain Consolidated (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 6

Report of the Independent Auditors to the Trustees of Anthroposophical Society in Great Britain Consolidated

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Salisbury & Company Business Solutions Limited Statutory Auditors Chartered Accountants 4 Paradise Crescent Paradise Road Penmaenmawr Conwy LL34 6AR

Date: .............................................

Page 7

Anthroposophical Society in Great Britain Consolidated

Statement of Financial Activities for the year ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations, Legacies and Members contributions
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Grants
Conferences and events
Theatre and room hire
Bookshop
Library
Catering
Support costs
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
497,973
319,530
656
818,159
-
164,871
122,140
127,188
36,001
815
554
134,068
12,652
598,289
219,870
12,126,798
12,346,668		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
497,973
319,530
656
818,159
-
164,871
122,140
127,188
36,001
815
554
134,068
12,652
598,289
219,870
12,126,798
12,346,668		 2020
Total
funds
£
247,056
190,795
6,281
444,132
1,000
163,955
82,038
94,969
17,000
532
5,442
1,051,025
13,127
1,429,088
(984,956)
13,111,754
12,126,798

The notes form part of these financial statements

Page 8

Anthroposophical Society in Great Britain Consolidated

Balance Sheet 31 December 2021

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds:
General fund
Revaluation reserve
TOTAL FUNDS		 Unrestricted
funds
£
11,476,246
27,048
54,771
924,661
1,006,480
(136,058)
870,422
12,346,668
12,346,668		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
11,476,246
27,048
54,771
924,661
1,006,480
(136,058)
870,422
12,346,668
12,346,668
1,898,013
10,448,655
12,346,668
12,346,668		 2020
Total
funds
£
11,474,530
36,487
153,969
602,885
793,341
(141,073)
652,268
12,126,798
12,126,798
1,678,143
10,448,655
12,126,798
12,126,798

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Ms M Van Boeschoten - Trustee

The notes form part of these financial statements

Page 9

Anthroposophical Society in Great Britain Consolidated

Cash Flow Statement for the year ended 31 December 2021

2021 2020
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 348,043 (1,134,501)
Tax paid (17,685) 504
Net cash provided by/(used in) operating activities 330,358 (1,133,997)
Cash flows from investing activities
Purchase of tangible fixed assets (9,238) -
Interest received 656 6,281
Net cash (used in)/provided by investing activities (8,582) 6,281
Change in cash and cash equivalents in the
reporting period 321,776 (1,127,716)
Cash and cash equivalents at the beginning
of the reporting period 602,885 1,730,601
Cash and cash equivalents at the end of the
reporting period 924,661 602,885

The notes form part of these financial statements

Page 10

Anthroposophical Society in Great Britain Consolidated

Notes to the Cash Flow Statement for the year ended 31 December 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease in stocks
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by/(used in) operations		 2021
£
219,870
7,522
(656)
9,439
116,883
(5,015)
348,043		 2020
£
(984,956)
8,429
(6,281)
5,237
(100,114)
(56,816)
(1,134,501)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/21
Cash flow
At
£
£
Net cash
Cash at bank and in hand
602,885
321,776
602,885
321,776
Total
602,885
321,776		 31/12/21
£
924,661
924,661
924,661

The notes form part of these financial statements

Page 11

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements for the year ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards and the Companies Act 2006. They follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The transition to these Financial Reporting Standards took place on 1st January 2014.

The Anthroposophical Society meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).the Statement of Recommended Practice, Accounting and Reporting by Charities (issued in March 2005) and the Charities Act 2011.

Use of estimates and judgements

When preparing the financial statements, management makes a number of judgements, estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The estimate that has the most significant effect relates to the pension provision.

The group is part of a multi-employer scheme and future liabilities are uncertain. The estimation of the liability in these financial statements is based on information provided by the Pension Administrator as well as expectations about future professional costs and, therefore, requires estimates and assumptions to be applied by management. The liability can vary depending on a number of factors, including the other employers within the scheme, market conditions and actuarial assumptions.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income received by way of donations and gifts to the charity is included in full in the statement of financial activities when receivable. Intangible income and gifts in kind are not included unless they represent goods or services which would have otherwise been purchased, in which case they are valued and brought in as income and the appropriate expenditure. Volunteer time is not included in the financial statements.

Income from legacies is accounted for on a receivable basis, and is recognised in full in the financial statements in the period in which the charity is notified, the amount is measurable and receipt is probable.

Members' contributions and donations are credited to the statement of financial activities in the year in which they are receivable.

Income derived from the sale of goods or services is included in the accounts net of VAT where applicable and on an accruals basis.

Restricted funds are to be used for specified purposes as laid down by the donor.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Page 12

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

The costs of generating funds relate to the costs incurred by the group in raising funds for the charitable work.

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets this criteria is identified to the fund, together with a fair allocation of management and support costs.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost

The Association occupies and owns Rudolf Steiner House, 35 Park Road, London. No depreciation is provided on the land or the original building. Freehold property are accounted for at fair value, changes in fair value are recognised in the statement of financial activities. Depreciation is provided on all other tangible fixed assets at rates calculated to write off the cost of each asset over its expected useful life.

Stocks

Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The Association operates a defined benefit scheme, which is closed to new entrants. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. This is a collective scheme for a number of employers.

In previous year, The Association has agreed and settled the cost of a full statutory buy-out of all the liabilities and obligations of the Association to the pension fund. The agreed amount, reflected in these accounts, was £367,241.

Page 13

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

2. DONATIONS, LEGACIES AND MEMBERS CONTRIBUTIONS

Donations
Gift aid
Legacies
Members contributions
3.
OTHER TRADING ACTIVITIES
Bookshop
Theatre & Room Hire
Catering
Other income
Conferences and events
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Investment management costs
Property repairs
6.
CHARITABLE ACTIVITIES COSTS
Grants
Conferences and events
Theatre and room hire
Bookshop
Library
Catering
Support costs		 Direct
Costs
£
-
121,655
99,317
36,001
475
532
6,648
264,628		 Grant
funding of
activities
(see note
7)
£
164,871
-
-
-
-
-
-
164,871		 2021
£
2,229
17,685
312,000
166,059
497,973
2021
£
18,831
219,472
1,151
65,286
14,790
319,530
2021
£
656
2021
£
-
Support
costs (see
note 8)
£
-
485
27,871
-
340
22
127,420
156,138		 2020
£
6,725
18,349
44,554
177,428
247,056
2020
£
16,900
163,810
1,625
1,407
7,053
190,795
2020
£
6,281
2020
£
1,000
Totals
£
164,871
122,140
127,188
36,001
815
554
134,068
585,637

Page 14

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

7. GRANTS PAYABLE

Grants

2021 2020
£ £
164,871 163,955

8. SUPPORT COSTS

Management
£
Other resources expended
-
Conferences and events
-
Theatre and room hire
27,871
Library
340
Catering
22
Support costs
105,220
133,453
Support costs, included in the above, are as follows:
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Computer
Repairs and maintenance
RSH refurb
Bank charges
Council expenses
Auditors' remuneration
AGM
Legal and professional fees
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Computer
Repairs and maintenance
RSH refurb
Bank charges
Council expenses
Carried forward		 Finance
£
-
485
-
-
-
255
740
Other
resources
expended
£
-
-
-
-
-
-
-
-
-
-
10,551
-
73
2,028
12,652
Catering
£
-
-
-
-
-
-
22
-
-
-
-
22		 Other
£
10,551
-
-
-
-
-
10,551
Conferences
and
events
£
-
-
-
-
-
-
-
-
-
485
-
-
-
-
485
Support
costs
£
4,636
11,576
9,597
1,648
3,763
3,065
4,107
23,569
43,259
255
-
105,475		 Governance
costs
£
2,101
-
-
-
-
21,945
24,046
Theatre
and room
hire
£
-
-
-
-
-
-
-
27,871
-
-
-
-
-
-
27,871
2021
Total
activities
£
4,636
11,576
9,597
1,648
3,763
3,405
4,129
51,440
43,259
740
10,551
144,744		 Totals
£
12,652
485
27,871
340
22
127,420
168,790
Library
£
-
-
-
-
-
340
-
-
-
-
-
-
-
-
340
2020
Total
activities
£
6,085
11,022
9,103
1,566
3,972
3,163
3,279
38,574
953,615
637
9,535
1,040,551

Page 15

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

8. SUPPORT COSTS - continued

Brought forward
Auditors' remuneration
AGM
Legal and professional fees		 Catering
£
22
-
-
-
22		 Support
costs
£
105,475
19,137
874
1,934
127,420		 2021
Total
activities
£
144,744
19,137
947
3,962
168,790		 2020
Total
activities
£
1,040,551
19,137
2,860
13,048
1,075,596

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

During the year, 6 trustees were paid a total of £11,176 (2020: £9,535) for reimbursement of expenses.

10.

STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
General office
House
Bookshop
Library
Theatre		 2021
£
149,910
4,455
154,365
2021
2
2
1
2
1
8		 2020
£
118,685
3,901
122,586
2020
2
2
2
2
-
8

No employees received emoluments in excess of £60,000.

11.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations, Legacies and Members contributions
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds		 Unrestricted
funds
£
247,056
190,795
6,281
444,132
1,000		 Restricted
fund
£
-
-
-
-
-		 Total
funds
£
247,056
190,795
6,281
444,132
1,000

Page 16

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Charitable activities
Grants
Conferences and events
Theatre and room hire
Bookshop
Library
Catering
Support costs
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
163,955
82,038
94,969
17,000
532
5,442
1,051,025
13,127
1,429,088
(984,956)
13,111,754
12,126,798		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
163,955
82,038
94,969
17,000
532
5,442
1,051,025
13,127
1,429,088
(984,956)
13,111,754
12,126,798

12. FINANCIAL PERFORMANCE OF THE CHARITY

These consolidated financial statements include the results of both the charity and its subsidiary, Anthroposophical Association Ltd (registered number 00209494 and charity number 220364). which undertakes the operations of Rudolf Steiner House.

The Anthroposophical Association Limited is deemed a subsidiary of The Anthroposophical Society in Great Britain, both of which have the same objects. The Anthroposophical Association carries out particular aspects of the charities' work and refurbishment of the building was financed by a loan from the Anthroposophical Society in order to further this work. The Society and the Association had 7 trustees in common at 31 December 2018.

The summary financial performance of the Anthroposophical Society in Great Britain alone is:

2021 2020
£ £
Donations and legacies 497,973 247,056
Other income 14,790 7,053
Investment income 656 6,281
513,419 260,390
Expenditure on charitable activities (299,663) (260,120)
Net incoming resources 213,756 270
Loan write off
Total funds brought forward 1,679,583 1,679,313
Total funds carried forward 1,893,339 1,679,583
Represented by:
Restricted income funds - -
Unrestricted income funds 1,893,339 1,679,583

Page 17

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

12. FINANCIAL PERFORMANCE OF THE CHARITY - continued

1,893,339 1,679,583

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Freehold
property
£
11,459,640
-
11,459,640
-
-
-
11,459,640
11,459,640		 Plant and
machinery
£
112,930
-
112,930
101,303
4,442
105,745
7,185
11,627		 Fixtures
and
fittings
£
132,934
9,238
142,172
129,671
3,080
132,751
9,421
3,263		 Totals
£
11,705,504
9,238
11,714,742
230,974
7,522
238,496
11,476,246
11,474,530

All tangible assets are owned by The Anthroposophical Association Ltd and are used for direct charitable purposes.

The Freehold Property (Rudolf Steiner House) is stated at a revalued amount, being its fair value at the date of the last revaluation. The property was valued at £10 million at Market Value as at 11 November 2015 by Dunsin Surveyors. It was also valued at £14,480,000 as at 27 May 2015 which is an estimate of its replacement cost by Cunningham & Lindsey, and valued again at £11,459,640 as at 24 January 2017 by Alan & Thomas Insurance Brokers Ltd / LV Insurance. All valuations were carried out by firms of professional valuers. The Trustees are satisfied that the latest valuation accurately reflects the current market value of the property.

14.

15.

STOCKS

Stocks
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Tax
VAT
Prepayments		 2021
2020
£
£
27,048
36,487
2021
2020
£
£
8,191
23,569
36,034
18,349
-
97,842
10,546
14,209
54,771
153,969		 2020
£
36,487
2020
£
23,569
18,349
97,842
14,209

Page 18

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 2021
£
33,065
5,912
97,081
136,058		 2020
£
40,810
5,878
94,385
141,073

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 At 1/1/21
£
1,678,143
10,448,655
12,126,798
12,126,798
Incoming
resources
£
818,159
818,159		 Net
movement
in funds
£
219,870
-
219,870
219,870
Resources
expended
£
(598,289)
(598,289)		 At
31/12/21
£
1,898,013
10,448,655		 At
31/12/21
£
1,898,013
10,448,655
12,346,668
12,346,668
Movement
in funds
£
219,870
219,870
219,870

Comparatives for movement in funds

Net
movement At
At 1/1/20 in funds 31/12/20
£ £ £
Unrestricted funds
General fund 2,663,099 (984,956) 1,678,143
Revaluation reserve 10,448,655 - 10,448,655
13,111,754 (984,956) 12,126,798
TOTAL FUNDS 13,111,754 (984,956) 12,126,798

Page 19

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 444,132 (1,429,088) (984,956)
TOTAL FUNDS 444,132 (1,429,088) (984,956)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Revaluation reserve
TOTAL FUNDS		 At 1/1/20
£
2,663,099
10,448,655
13,111,754
13,111,754		 Net
movement
in funds
£
(765,086)
-
(765,086)
(765,086)		 At
31/12/21
£
1,898,013
10,448,655
12,346,668
12,346,668

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,262,291 (2,027,377) (765,086)
TOTAL FUNDS 1,262,291 (2,027,377) (765,086)

All restricted funds are held in cash.

18. EMPLOYEE BENEFIT OBLIGATIONS

The Association operates a defined benefit scheme, which is closed to new entrants. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. This is a collective scheme for a number of employers.

In the previous year, The Association agreed and settled the cost of a full statutory buy-out of all the liabilities and obligations of the Association to the pension fund. The agreed amount was £367,241.

Page 20

continued...

Anthroposophical Society in Great Britain Consolidated

Notes to the Financial Statements - continued for the year ended 31 December 2021

19. RELATED PARTY DISCLOSURES

Simon Blaxland-de Lange is a Trustee of Rudolf Steiner Press and is the Guardian Director. The Guardian Director is a director of Rudolf Steiner Press (RSP) who, with the agreement of the RSP directors, is nominated by the Council of the Anthroposophical Society in Great Britain (and therefore also by the Directors of the Anthroposophical Association). The Guardian Director is not a representative of the Society, but acts in accordance with his or her judgement for the benefit of anthroposophy in this country. The specific rights and duties of the Guardian Director are laid out in the new Amended Publishing and Licence Agreement 2014. There were no transactions with Rudolf Steiner Press during the year.

During the year the Society paid Sibylle Eichstaedt (Trustee) NIL for newsletter editorial services (2020: £NIL).

20. RUDOLF STEINER PRESS

The Anthroposophical Society was able to exert control over the Rudolf Steiner Press (registered charity 1013276, company limited by guarantee registered in England and Wales number 2674042) as the Society had the ability to remove or appoint the trustees of the Press, however, it relinquished this control during 2014 and on the grounds of materiality the press has been deconsolidated as of 1.1.2014.

An unsecured interest free loan of £74,105 was made by the Society to the Rudolf Steiner Press. The loan is only repayable in the event of the Press being wound up. As in previous years receipt is currently considered unlikely and is not recognised as receivable in the accounts of the Society.

Page 21

Anthroposophical Society in Great Britain Consolidated

Detailed Statement of Financial Activities for the year ended 31 December 2021

INCOME AND ENDOWMENTS
Donations, Legacies and Members contributions
Donations
Gift aid
Legacies
Members contributions
Other trading activities
Bookshop
Theatre & Room Hire
Catering
Other income
Conferences and events
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Investment management costs
Property repairs
Charitable activities
Wages
Pensions
Opening stock
Purchases
Closing stock
Royalties
Postage and stationery
Conferences and events
Depreciation of tangible fixed assets
Grants for Anthroposophical Activities
Goetheanum contribution
Support costs
Management
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Carried forward		 2021
£
2,229
17,685
312,000
166,059
497,973
18,831
219,472
1,151
65,286
14,790
319,530
656
818,159
-
149,910
4,455
36,487
22,662
(27,048)
8,823
31,792
30,025
7,522
69,575
95,296
429,499
4,636
11,576
9,597
1,648
3,763
3,405
34,625		 2020
£
6,725
18,349
44,554
177,428
247,056
16,900
163,810
1,625
1,407
7,053
190,795
6,281
444,132
1,000
118,685
3,901
41,725
6,700
(36,487)
2,068
31,253
12,263
8,429
90,094
73,861
352,492
6,085
11,022
9,103
1,566
3,972
3,163
34,911

This page does not form part of the statutory financial statements

Page 22

Anthroposophical Society in Great Britain Consolidated

Detailed Statement of Financial Activities for the year ended 31 December 2021

Management
Brought forward
Computer
Repairs and maintenance
RSH refurb
Finance
Bank charges
Other
Council expenses
Governance costs
Auditors' remuneration
AGM
Legal and professional fees
Total resources expended
Net income/(expenditure)		 2021
£
34,625
4,129
51,440
43,259
133,453
740
10,551
19,137
947
3,962
24,046
598,289
219,870		 2020
£
34,911
3,279
38,574
953,615
1,030,379
637
9,535
19,137
2,860
13,048
35,045
1,429,088
(984,956)

This page does not form part of the statutory financial statements

Page 23