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Rudolf Steiner Association Limited Contents Reference Administrdtive Details Report of the Council uf .Mand¥ement 2to.I stament of Council of Management. Responsibilities Indcpcndcnt EXalnce8 Rcport Statcmcnt of Financial Activitics 6t07 Balance Sheet Notes to the Financial Statements 9t021
Rudolf Steiner Association Limited Reference AdTnInlstrt]Ve Details Council ot. Managemcnt Mcnihcr8 ()f the Cniincil nf Managcincnt, arc alsn tnistCC8 undcr charity laTh-, whn 8crvcd during thc and up to tlic datc of thi8 rcpon wcrc a8 follnw8.' Chairffla T Ptestbury Councll Of Management D Baili.ss, Trca8urcr M Mehta S Peat B M¢Quillian S I(ant M Adams Charity Regi$tratinn Numher 259946 Company Registratiom Numbcr 00302662 'l-he charity is it)corporated in Lngland and Wales. 39 High Street Baiile East Sussex TN33 OEE Registered Office Prlnelpal Offiee 35 Park Road London NWI 6XT Independent Examiner matingtOnS 39 High Street Battle East Subsex TN33 OEE Ilankers Thc C.n-Operativc Bank Ple Bu8incs% Dircct POBox250 Skclmcr£dalc NVN8 6WT Pagc I
Rudolf Steiner Association Limited Report of the Council of Management Tlic Cniincil ot Managcincnt, who arc dircctnr% for thc purpn8e8 nf cnn)pany laTh-, prcscnt the annual rcpart tngcthcr widi dic tinancial 8latcincnt% and auditnr.%' rcpnrt af thc eliaritahlc cainpany far tlic year cndcd 3 1 lllly 202i. Structure. governance and management JVoturÉ fgVer1lIg documeiit The oriJallibatlOTI 15 a charitable company limited by charity on 3 DeceTnber 1969. uarantee, inCOTporated on 5 July 1935 registered as a The company w'as established under a memorandum of a5socialioll M,hich estsblished the objects and powers of the chdritable compan). and is gFuverned under its articles of SociatIon. Ret'rmilmenl 4Mdoppoiftlment ()f C"oun¢il ofMun4gemenl -l-he meinbers of the Council of Management are listed on page l. At the annual general meeting one third ofthe members of the council shall retire trom oftjce. A retiring member of the Council shall be eligible for re-election. Wc 'ClE plcascd lo ivclcomc sarah Kanc and Maric-Rcinc .4dan)8 as ncw Trllslccs during thc rcpoTting ycar which incrcasc.% our cxpcrtisc both bring knowlcdgc i)f thc anthropasopliical arts %cctar I.pcechIdraIna and cllrythmy rcspCcti'C1Yl. Major nskn andmunaxemenl ofth05e nsk5 The irustees have assessed the charily's exposure lo risk and have pul in place measures io manage that exposure. The principal risk as seen by ihe Trustees is the abilily to have surricient funds io Inaintain the lounders grant giNing intLntion%. This has bccn comprt)mi8cd by the hi.%tnric In. intcrcst ratc8 in thc year% to 2022. Wc hopc that thc loan tn Pcrcdur C.cntrc will pro.1de an otig()ing sourec ineomc that hcncfits both C.haritic8 and will achicvc a rern in cxccss of Rudolf 8tcincr As8ociation Ltd moncy bcing hcld in bank accounts. Objeetlves and aetfivltles Ohjects 'I'lie main object ol the association ¢ontiniies to be the mental and moral iinprov¢tnent of the hutnan race by Ineans of the advancetnent of anthroposophy alld spiritual science as expounded by the late Rudolf Steiner. Tlie association carrie5 Out this object by llking Lyrants to institutions and indiTriduals engaged in anthroposophicxl activities. Pagc 2
Rudolf Steiner Association Limited Report of the Council of Management Crant making Tlic Collneil mccl8 thrcc timc8 pcr year tn con8idcr thc rcccivcd writtcn application% fnr financial &ssi%tancc and makc grant8 aftcr carcful con%idcratinn. lil general, grants are made from the inrerest received duriiig rhe year. If less inteTest is received in one year then less is giveii out in the fonn of glts. Runniiig costs are immaterial. The Associatioii exists to Tnake small graiits in 5UPPOrt of its charitable aims from the inteTest recei.cd on its foui)ders' bequests. We were pleased ro offer gTants of £22,800 to 20 iiistitution5 and individuals in support of our charitable ainis over the cutTent period. Tl)ese grants. olter support lor student tees, artistic endeaoUrS and anthroposophicallj based inedications and therapies. The gyant funds were provided by £1 1,800 of our lunds 11th the balance of £1 1.000 Irom the ongoing donation reLeived from Hernies Trust (Registered Charity No. ?81749). These lunds are Inade available froin a bequest letl to Hennes Trust. whose Trustees have asked us to distribute tliese I'unds in support of students unllertaking initial or fiirther studieb in anthroposophically oriented professional trainings or research. We have b¢en notified thai there will be a further donarion for I furrher reporting year 12025-26) thai .11[ not exceed £1 1.000 after 'hICh Ihe bequest will have been expended. Public beftefit The tTUStees have given due regard to the Charity CtsTllllliSSiOll'S gllidance witli regards to public benefit w'hen applying their grant making policy. Thc Cnuncil of Managcmcnt confirm that thcy have cnmplicd '1th the rcquircment% t>f 8cction 17 nf thc CharitlC8 Aci 21111 to have duc rcgard ta ihc public bcnefit guidancc publishcd by thc Charity Cnmmi8%inn for England &nd Walcs. Di5cIvsure uf infUrtiUll to auditor Each mcmbLr ha8 tikcii %tcp.% that thLy aught t() hawc takLn a mcmhLr in nrdLr to makc ihcmqLIpLq aivarc of any rLlivant audit infonnation and ttTr c.Etahli8h that thL Lhariry'8 auditar 1% aware i)f that inft>rmatinn. Thc Council of Management confinn that there 18 no relevant inforniation that they know of and of whieh they know the auditor is unaware. Pagc 3
Rudolf Steiner Association Limited
Sttement of Council of Management, Responsibilities
Tlic Council nf Managcmcnl Iivhn arc alw tlic dircetnrs nf Rudnlf stcincr A8%nciation Liiiiitcd for thc purpn%c8
af company lawl arc rc8pon8ihlc fi)r prcparing tlic Rcport nf thc Cnuncil of Managcmcnt and thc financial
tatcincnl.£ in acci)rdancc witli applicablc law and Uniicd Kingdnn) Acenunting qtandards (United Kingdi)Jn
Cicncrally Acccptcd Accoiinting Practiccl, including FR£ 102 'Thc Financial Rcpi)rting standard applicablc in
thc UK and Rcpublic nf Ircland"
Comp<iny l<lW require5 tlie Council of Mdndsrement ttj piepdie finlIa] ststements fvr edLh fllldncial ye.
UndeT LUIIIPdlly law the CounLil of Md&tl¢t must iiot approve tlie fin£inLidl stat¢inents' unless they <ire
dtisfitd tliar tliei SFiNt il true <llid fiiir i'iew of the stste of affairs of the Lhdritable cOlnp1Y diid uf the incomin¥
resources and application of resources, including itb inconie and expenditure, of the chariiable Company lor that
period. Tn preparing these financial statementb, the Council of Managemenl are required io..
seleci 8Ultable accounting policie8 and apply thein Consistenily;
observe the mtthodb (iiid PfiiiLiples th¢ Ch(ltieS SORP..
make judgements and estimates that are reasonable and prudent:
stste whether applicable accounting %tsndards. coinprising FRS loti have been followed, %ubject to any
aterial departures disclosed and explained in the filncIal statements.. and
prepdre the linanLial stateinents on tlie going ctsncern basis unless it Ib inappiopri&te to PTebume that the
charitable company will continue in business.
Tlic Cnuncil of Managcment arc rc8pon%ihlc for kccping pmpcr accounting rcCor that can di8clo8c ivith
rca%onablc accurac}, at any tiinc tlic financial pltin nf thc charitablc coinpany and cnELblc thcm tn cn8urc that
thc financial 8tatcmcnts coniply ivith thc Cnmpanic8 Act 2(106. Thcy ELrc al81) rc%pnnsiblc fnr safcguarding Ihc
assets of the charitable company and hence for taking Teasonable steps for tlie prei'ention and detection of fraud
and other irregularitie5.
The Council of Mdn
Rudolf Steiner Association Limited Independent Examiner's Report to the trustees Df Rudolf Steiner A550ciation Limited {'the Company,) I r¢port to th¢ charity Council of Managem¢llt on my Cxamination of th¢ accounts of th¢ Company for the y¢ar ¢nd¢d 3 1 July 20?5. Responsibilities and basis of report As the charity's Council of Management of the Company (and also its directors for the purposes of conipany la,} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satlsfjed myself that the accounts of the Company are not required to be alldited under Part 16 of the 2006 Act and are eligible for it]dependent examination, I IEport iii respect of my examination of your charity's accounts as caled out under bection 145 of the C.'liarities .4ct 2011 ('the 2011 Act'l. In cdrrJ'in¥F out my exdTllint10ll I have fullowed the DireLtions given by the Charity Cuniinibsion under 5eLtion 145151(bl of the 2011 ALt. Ind¥pendent examlner's statement I hat coinplctcd my cxaminatit>n. I confim) that mattcr8 haNc comc to my attcntion in c4)nncctii)n with thc cxamination giving mc cau8c t() hclicvc: accountingF recLirds were not kept in respecl of Rudolf Steiner A550ciation Lllllited a5 required by section 386 ofdie 2006 Acl: or 2. the accounts do not a¢cord wilh those records; or 3. the account5 do not comply ivith the accountiiig requirements of section 396 of the 2006 Act other than any requirement that the account5 give a 'lTUe and fair Triew, which is not a matter coiisidered a5 part of independent exatni[tiOn', or 4. the accounts have iiot bven prepaird in aLLordaiiLe with th¢ merhvds aiid prii)Liples of the Stdtenient of Recommended Practice for accounting and reporting by charities lapplicable io chaTl1ies preparing their a¢¢ounis in a¢cordan¢e with ihe Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (b RS 102)]. I have no LonLems and liave come aLross no other Inatters in connection with the examination to which attention should be drayffl in this report in order to enable a proper understanding of the accounts. to be leached. R Walsh FCCA In8titiitc of Chartcrcd Accnuntant% in England and Walc8 39 High qtrcct Battle East Sussex TN33 OEE Datc.. 2811012025 Pagc 5
Rudolf Steiner Association Limited Statement of Financial Activities for the Yer Ended 31 July 2025 (Including Income and Expenditure A¢eount and Statement of Total Recognised Gains and Losses) Vnrestricted funds Restricted funds Totsl 2025 Note Income from: Donations and legacies Invebtmtnt inLurne 11,000 7.791 I i.o( 14.982 7,191 Total income 18,791 7,191 25.982 xpenditure on., Ch£Lritable aLtiNities {6.9851 119.5191 {26,504) Total expenditure {6.9851 119.519) {26,504 Net inLuinellexpenditurel Transfers between funds 11,806 112.7801 (1) 328) 12.780 (522) Net nioTrenient in funds 19741 4)2 1522) Reconciliation of funds Total ndS brought forward 272,733 Total ndS carried forward 160,544 111,667 172,211 The noies on pages 9 to 21 forni an integral pan of these fii)anLial statements. Pagc 6
Rudolf Steiner Association Limited Statement of Financial Activities for the Yer Ended 31 July 2025 (Including Income and Expenditure A¢eount and Statement of Total Recognised Gains and Losses) Vnrestricted funds Restricted funds Totsl 2024 Note Income from: Donations and legacies Invebtmtnt inLurne 11,000 4.703 4,000 4,341 15.0( 9.044 Total income 15,703 8,341 24.044 xpenditure on., Ch£Lritable aLtiNities {4.4831 117.2181 {21,701) Total expenditure {4.4831 117.218) {21,701 Net inLuinellexpenditurel Transfers between funds 11,2?U {8.3761 {8,877) 8,376 ),343 Net nioTrenient in funds 2.844 1501) 2.343 Reconciliation of funds Total ndS brought forward 158,674 270,390 Total ndS carried forward 161518 172,733 All nf thc charity'% activitics dcrive fmm cnniinuing nPCTatii)n8 during ihc abovc two pcrind%. Thc funds brcakdowi for 2025 and 2024 is sho in notc 10. The noies on pages 9 to 21 forni an integral pan of these fii)anLial statements. Pagc 7
Rudolf Steiner Association Limited (Registration nuTnber: 00302662) Balance Sheet as at 31 July 21125 2025 2024 ote Current assets t)ebiors c.ash at bai)k and in hand 240,000 240,llOO 32,7.15 272,211 272.735 Creditors: Amounts falling due Tryithin one year Nct assets 272.211 272,733 Funds of the eharity: Rcstrict¢d incomc funds Restricted funds 111,667 Unrestricted income funds Unrestricted funds 160.544 161.518 Total funds 272.211 272,733 For the finaiicial year ending 31 July 2025 the charity was entitled to exemption from audit wider sectioi) 477 of the Companies Act ?006 relating to small companies. Thc Cnuncil nf Managcmcnt8' rcsponsihilitic8- The mcmbcr8 havc not rcquircd thc charity ta obtain an audit of it.% accounts fi)r thc ycar in qucstion in accordancc with %cction 476; and The Coulleil ol- Management acknowledge their TebPOI)sibilities lor coinplying with the requireinet)ts tsl. the Act '1th respect to accounting records and the prepartion of accountb. The fiiiaiicial statemeiit5 on page5 6 to 21 Th'ere approved by the Council of Majiagement. }d authorised for Issue 011271.10/2& and 5igt]ed on their behalf by.. M Mehta Trnstee The noies on pages 9 to 21 forni an integral pan of these fii)anLial statements. Pagc 8
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 I Cbarit). status The chariiy is limited by giiarantee, incorporated in F.ngland and Wales, and Consequently does not have share capital. E,ach of thc Council of Managcmcnt is liabl¢ to contributc an amount tiot ¢xcccding £1 towards thc asqcts of thc chariry in thc cvcnt af liquid?L tion. The address of it5 registered office is= 39 High Street Battle Easi Sussex TN33 OEE The principal place ofbusiness is.. 35 Park Rt)ad LnndtTrn N.,1&XT 2 Accounting policies Summary of signifJe#nt #ecounting policies and key aceountin% cstimates -I'h¢ principal accounting polici¢s appli¢d it) th¢ pr¢paration of th¢s¢ financial stat¢m¢nts ar¢ set out below. -I'h¢s¢ poli¢i¢s haN¢ b¢¢n consist¢iitly applied to all th¢ y¢ars pr¢s¢tit¢d, unl¢ss oth¢rwis¢ stat¢d. Statement of eompllanee The fJ[lIelaI statemeiirs have been prq)ared in accordance '1th Accounting and Reporting by Charities.. Stalenient of Recommended Practice (applicable to charities preparing their account5 in accordance ivith the Finallcial Reportinu Standard applicable in the UK and Republic of ITelalld IFRS 10211 lib5lled in OctobeT 20191 (Charities SORP {FRS 10211, the Findiicial Reportin. StsLniiLLTd applicable in the UK and Republic of Ireldiid IFRS 1021 and the Coinpanies Act 2006. Basig of prepgration Rudolf Sreiner AssuLiation Limited meets the definition oif a public benefit entity under FRS 102. Abbets and liibilitieS iirt initialls, reco¥nised dt histOliU(Il Lost 01 trdtlS<lL*ion N'alue unless Uther¥vise st£Lt¢d in th¥ ltle1'<t <iLLuuntin¥ pvliLy not¢5. Going ¢oTh¢¢rn The accounts have been prepared on the assumption th<ii the charily is able io coniinue as a going concer wliich ilie iruslees consider appropriate tLiving regard to the current level of unrestricted reserves. There are no malerial uncertainties aboui ihe cl)arily's abilily to continue as a going concern. Exemptlun frum preparlnx u c#5h fluw 5t#tement Thc charity ()ptcd to carly adopt Bullctin I publi8hcd nn 2 Febnry 2016 and havc thcreftTrrc not inclllded a c&%h flow %tatLmcnt in thLSC financial 8tatcmtnts. Pagc 9
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 Income and endowments Tncome is recL)gnised when ihe charitable c4)mpany has eniiilement to the funds, any performance conditions attached 10 tlie items of income have been mei, it is probable thai the income will be receiped and the amount can be Me&Sud reliably. Tncome from the governmeni and other grants, [hether 'capital' grants or 'revenue' grants, is recognised 'hen the chariiy has entitlement to the funds. any performance condiiions aitached to ihe grants have been met, it is prohablc that thc incamc will bc rccciTrcd and the amoujit can bc mca8urcd rcliablv and 1% not dcfcrrcd. Donation5 and legacies For lebFiacjes, entitlement is taken as the eLLTlier uf the date on which either.. the charity 15 aware that probate lias beeii ¥r<tEd. th¢ estst¢ lids b¢en fin(Ili5ed (uid notifiL<iti(Jn h(15 beeii In(Id¥ b} the ¢xeLUtoi{s) to the TIu5t th<lt (I distributioii will be miidt, or wh¢n (l Ljistiibution ib r¥LEived frvm th¥ ¥bt(Itt. RtLeipt ot il Iv¥dLy. iii ivhole or in P<Jrt. is Only Lonsiijered piob(Ibly when tht <imount L{ be mv(tsur¢d i"eli(Ibly the Lhdiity beeli iiotifieLJ of tht exeLutor'b int¢ntivn tlj m<ike d dibtribution. Whtre le¥£lLjts haN"e b¢¢n notified to tht ch(1ty. (Jr thv Lh[ltY ib <114dlt uf Ihe gi"£inling uf probale. (d Iht Lrilei"i<l tvr ]nL()¢ r¥Lvgnitiun hdNe bten rnei, then lh¥ l¢¥dLy Ib Ire(itsd d5 a Lijntingenl dsset iind disLliJsed if tndietial. Imvestmelll income Intcrcsl funds hcld ot] dcposit. dividcnd% and oihcr invcstincnt it)lnC arc ineludcd whcll rcccivablc and Ilic ami)unt can bc mcasurcd Tcliably by thc charity. This is norinally llpon notification of thc amounts paid or paydble by the bank or iiivesttnfflit manabyer5. Fund Structure UntestriLted incotne funds are geiierdl funds that dre avail<ible for use at the Council of ma15Ft£t discretion in furtherdnce of the ubjeLtives of the Lharity. RestriLted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to thai area or purpose. Expenditure All expenditure is recognised once there is a legal or constructive obligation io thai expenditure. it is probable setiletnent is required and the atnount can be tneasured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of lime spent, and depreciation cliarges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable aclivities Chariiable expenditure comprises ihose costs incurred by the charity in ihe delivery of its aciii'iiies and services foi. lis beneficiaries. It includes botli Costs that can be allocaied directly 10 such activiiies and those costs of an indirect nature necessary to SUPPLlrt Ihem. runt pendItUre GTaiits aiithori5ed by the Council of Mdna¥Temenl dre ii)cluded in the Statement of Financial .4ctii'ities. GTdllts payable dre recoiFni5ed when full approvdl is imdde. Grants that lillve been proi'isionally approved by the Council for future period5 ure disclosed as a future commitinent. Pagc 111
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 rontprtsijisinii.s Provisions for grants ar¢ mad¢ wh¢n the int¢nrion to mak¢ a grant has b¢¢n cotnmunicat¢d to th¢ r¢cipi¢nt but th¢r¢ is unc¢rtainty about ¢ither th¢ timing orth¢ grant or th¢ amount of grat)t payabl¢. Support costs Sllpport costs are t1105e function5 that assist the work of the charity but do iiot directly llndertake charitable actiN'ities. Governance costs are the costs associated 'Ith the 0VemnCe aa1]LYeTnetts of the chai"ity, including the costs of complying with constilutiondl statutory requireinents diid cost5 associated with the stiategic Inaiiagfflnent of the charity's activities. These costs have beell allocated between cost of vdisin¥ funds and expenditure on charitable LLCtivities on the folloH.ill¥s basis.. ch[ltable dLtiNities 2025..100/ 12024".100%1 Governanre costs These inLlude the Losis (Iltribut(Ible iu the Lh(lly'S Lotnpli<tnce Hith LOIlbtilutiundl [d stdluluiy iequiremenis, including audil, slraiegic managenieni and Council ofmanagemenl niee¢ings and reimbursed expenses. Taxatio Thc chariry is considcrcd to pass th¥ tLsts SLt out in Paragraph I Schcdulc 6 of thL Fiiiancc Act 201 a and thcrLforc it mccts thc d¢finition of a charitablc company for UK corporation tax putposcs. ALcordingly. thc chariry is potcntially cxcmpt from taxation iti r¢spcct of incomc or capital gains rcccivcd iyithiti catcgorics covercd hy Chaptcr _3 Part I l of thc Corparation Tax Act •l)la (Trr Scctinn 256 of thc Taxation af Chargcahlc Gain8 Act 1992, tn thc extent that %llch incomc or gain£ arc applicd CXLlusivcly tn charitablc purposc%. Trade debtors Tradc dcbtor% arc amount8 duc trom customcr8 for mcrchandi%c 8old or scrviccs pcrfonncd in thc ordinary couisc ot b81nC%. TTade debtors are re£ogni8ed initially at the tran%actlOn PTlCe. They aTe subsequently ineasured at ortIsed cost using the effective inleTe%t method, les8 provision for impairment. A provision for the iinpainnent of trade debtors 1% e%tabli8hed when there is objecti't evidence that the charity will not be able to collect all amounts due ccordin(T to the origindl tenb of the receivables. CAsh And cRsh equivAlents c.ash Ld casl) equivalents comprise cash on hAnd and call deposits. and other short-iem higiily liquid inTresthien(s thai kwe readilv convertible to a known amouni ol. cash (d Are subjeci insi(Tnili¢anl risk ol. change in Tr Alue. Pagc 11
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 BorroTh'ing5 Tnteresi-bearing borrowings are initially recorded at fair value, nei of transacrion costs. Inieresi-bearing borrowings are subsequenily carried at amonised ¢osi, wilh Ihe difference between the proceeds. net of transaction costs, and ihe amount due on redempiion being recognised as & charge io the Staiement of Financial Activities over Ihe period of ihe relevant borro..ing. Tnteresi expense is recognised on the basis ot- the effective interest method and is included in inierest payable alid 8imilar chargcs. Borrowings arc cla%sificd as currcnt liabilitic% unlc.88 thc charity has an unconditional right to dcfcr 8cttlcmcnt of thc liability for at Icast 'eIve months aftcr thc rcporting datc. Foreign exchange Tran8L2Ctions in forcign currcncics É2rc rccordcd at the ratc of cxchangc at thc datc of thc tran%action. Monctsry assets aiid liabilities deiioininated in foreign CU¢ll£le8 at the balance sheet date are reported at the rates of exchaiibFe prevdilillsr at tliut date. The results. of overseds operations are traiislated 1 the averabFe rates of exLhangre duriiib the periL)d dnd their balance sheets at the rates fLilingF at tlie balance Sheet date. ExchaiibFe differences ar1ingF uii traiisldtion of the opening nei assets and results of overseas oper<ltions are reported in other comprehensive income and accumulaied in equit} laiiributed lo non-controllirtg Inieresis as appropriaiel. Oil)er exchange difierences a recognised in il)e Sialement Of Financial Acliviiies in tlie period in which they arise excepi for.. l ) cxchangL diffcrcncL8 on tran8aeiions Lntcrcd inio tn hcdgc ccrtairt fnrLign currcncy risk% l.%cc alx)vc): 2) cxchangc diffcrcncc% ari.sing nn gains ar on non-monctary itcm8 which arc rccogni8cd in nthcr cnmprLhcn8ivc incomc: and 3) in ihc eaqc af thc con801idatLd finanLial %tatLmLntS, LXLhangL diffLrLnLC.% mnnLtary itcm% rcecialL fram or payable io a fortign operation for which 8ettleinent is neither planned nor likely to occur (therefore forniing parl of tlie net inve8tn)ent in the foreign operation}, which are recogni%ed in other comprehen%ive illcoine and reported under equity. Financial instruments Clo.f.fific&lioii Financial assets and fJ[neiaI liabilities are recognised wlien tile charity becomes a party to the contractual provisiun& of tlie instruinent. FiniifiLidl lidbilities dnd equity instruments ale classified dLLvrdinb tu tlie 5ub5tdnLe of the LontrdLtUdl <ITtansFements' tnter¢(l into. An ¢quity instruinent ib ]Y contrdLt that evidenLtS d r¢sidudl intertst in the dssets of the LlidTity after deduLtiiig dll of it5 lidbilitits. Pagc 12
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 Reeognitinn oNd iKe(Lsiiremelll All finaiicial ass¢ts and liabiliti¢s ar¢ it)itially tn¢asiir¢d at transaction pri¢¢ {illcluding transactioii costs). ¢xc¢pt for those finallcial assets classifi¢d as at fair vali1¢ through profjt or loss, which ar¢ inirially m¢asur¢d at fair valu¢ (whicli is nonnally th¢ transa¢tiot) pric¢ excluding trat)saction costs}, unl¢ss th¢ arraiig¢m¢nt constitut¢s a rinancin¥ transaction. If an arran¥Temenl conslitiites a financinu Iransaclion, the financial a55el or financial liability is nieasured at the presellt value of the future paynients discounted at a niarket rate of interest for a siniilar debt instnjillellt. Financial setS and liabilities are only offset in the statement of financial position when. aiid only when there exists a legally enforceable riijht to sel off the recognised aTnounts nd the churily LTlteiids either to settle on a iiet bi1SlS, or to Tealise the dsbet dnd bettle the liiibility bimultsneously. Fin£ifiLi<il dssetb (Irt dereLo¥nistd when dnd vnly £il the Lvntr(ICtudl lights to the Liibh tIow5 frotn the fin{ll{lI (15Stt ¢xpii'E vi ale b¥ttled, b) tht LhdTity t1<5ft1.5 to clllOtheT Party bubst(Illtl(IIIy (Ill of the risks reN4(Iids Ot owntrship of the t1(LI£Ll lset, or Ll the Lh(Ility, despite hdl'ill¥ tetain¢d bvme. but not (Ill, signific(t ribkb dnd reiwdL"ds vf Vi¢[h1p. hds tri1¢¢d control of th¢ <ibbft to dIlQlthtr Pdrty. Financial liabilities are derecognised only when the obligation specifled in the conlract ib discharged. cancelled or expires. Pagc 13
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 Debt instruin¢nts which m¢¢t th¢ following conditions ar¢ subs¢qu¢t)tly m¢asured at amortis¢d cost using th¢ ¢ff¢ctiv¢ int¢r¢st m¢thod: lal The conlraclual retum to the holdei. is lil a fixed amount; lill a p05ltive fixed late or a positive variable rate., or liiil a combinaiion of a positive or a neLJaiive fixed rate and a positive variable Tate. Ibl The contract niay provide for repayments of the PTincipal or the return to the holder (but not both) lo be lillked to a single relevdnl observable index of ijenei'al price infldtion of the cenCY in which the debt ItTu1Ct I deiiominklted, provided such links are not leverac5ed. IL) The Lont[ir provide for il detetrnindblt Vdriatiun of the retutn tv the holder duriii¥ the life uf the inbtTUm#ilt, proi'id¢J th(It (il the neiv rdtt S£ltisf1¢5 Lvndition lal the i'<ifi(ItiOll IS not LlJ]Itin¥tnt tjn futu ewentb vther thdn {1) a Lh<in¥¢ ul'd Lontr(ILtU(Il v(Il"liible rdte",121 to pioteLt the hijldtl (l¥<llllSt Lirdit dtterivrdtiijn f th¥ ibsuer,'131 uhes in lei'ies iipplied by d Lential biink or dLlbin¥ frutn Lh(Ing¢s in ielev(Illt tL1t]n law; or {]]) th¥ n¥w rdtc Ib (I Indiket rdtt vf interest b(Itibfies LonJition (dl. Id) There is no cotiirdclual provision that could, by ils terms, resuli in ihe holder losing ihe principal amount or any inieresi allribuiable lo ihe curreni period or prior periods. Icl Contracuial provisions that pcnnit thc issucr to prepay a dubr instrumunt or pcrniit thc holdcr to put it back to thc i.%8ucr bcfarc maturiry arc not cnntingcnt i)n fiiturc cvcnt%, othcr than tn protcct thc holdcr again8t thc crcdit dctcrioration of tlic is%ucr nr a changc in cnntrnl of thc i8%iicr, or to PTntcct tlic hi)Idcr i)r i%%ucr again8t changc8 in Icvics applicd by a ccniral bank or arising from changc8 in rclcvant taxation ni. law. lfj Cantractual provi%ion8 niay pcrn)it thc cxtcn%ion of thc tcrm of thc dcbt in%tnimcnt, providcd that thc rcturn to thc holdcr and an}, (Ithcr contractual provi%inns applicablc diiring thc cxtcndcd tcrin sati%fy thc canditinns of paragraphs la) to {c}. Debt I115tn]ment5 that are clas5ilied a5 payable OT receivable .]thin oiie year on initial recognition and which meet the above coiiditions are measured at the uiidiscouiited amount of the cash or other consideratioii expected to be paid or received, iiet of irnpaimient. Wilh ihe excepiiL)n of some hedging instrninenis. other debt instruments noi meeiing these condilions are measured at lair *alue through prolii or loss. C'.onllnitmentb to make and receive loans which nieet Ihe condiiions mentioned above are measured al Lost IwhiLh may be iiil) lebb irnpaimieni. IHve.Ttments Investtnei)ts in non-collvertible preference shares and non-pllttable ordinary or preferei)ce shares (where shares aTe publicly traded or tlieir fair valiie is reliably tneasiirable) are ineasured at fair value through profit or loss. WheTe fair value can]iot be measured reliably, invesm]ents are measured at cost less impairnient. Investments in subsidiaries and associates are n)easuied at cost less impairment. For investments in subsidiaries a¢qUlTed for considerntion including tl)e issue ol. shares qualifying for merger relief, cost Ib Imeasured by reference to tl)e iiominal value ol. the sl)areb issued plus fair value of. other consiileration. Any premium is ignored. Pagc 14
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 -I'h¢ ¢harity us¢s d¢rivativ¢ financial instrwn¢nts to r¢duc¢ ¢xposur¢ to for¢igii ¢xchang¢ risk and int¢r¢st rat¢ mov¢tn¢nts. 'I'h¢ charity do¢s not hold or issu¢ d¢rivativ¢ filn¢la] instrum¢nts for sp¢¢ulativ¢ purpos¢s. Derivative5 are initially recogni5ed at fail. value at tlie date a derivative contiact is entered into and are Subsequently renieasured lo their fair value at each reporlillij date. The resultinb ¥ain or 1055 is recognised in stalenienl of financial activities iinmediately unles5 the derivative is desi¥Tllaled and effective as a hed¥Fin¥ illslTuinent, in which event the tiinin¥ of the recobFnition in stdtemeni of fiiiancial activitie5 depends on the natUTe of the hedbTe relationship. Foir metssiiremenl The besi evidence of fair value is a quoted price for an identical asset in an active rnarkei. When quoted prices are unavailable, Ihe price of a recent rransaciion for an identical asset provides evidence ot fair value as long as there has not been a signifjcant change in economic cir¢uinstances or a significant lapse of time since the tJ?nsaetion took placc. If thc markct is not activc alld rcccnt tran8acrion8 of an idcntlCL212É %SCt on thcir oivn arc not a good c%timatc of fair Traluc. thc fair i'aluc is cstimatcd by u.%ing a valuation tcchniquc. 3 Income from donatlons and legacies UnrestrLLted fllmds Gerteral Total 2025 Donatii)n8 and Icgacic%' Doiiations from companies, trusts and sitnilar proceeds 11,000 I I,O(M) 11,000 11.000 Unrestricled funds General Rt5tricted funds Total 2024 Donations and legacies; t)onations Irom companies. trusts and similar pr()cccd I I,ooo 4,OaO 15.0( 11,000 4.000 15,000 The donaiions received in the year and lasi year were all from The Hernies Trnsl. Pagc 15
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 4 Ini'estment ineome Unrestrlcted funds General Restricted funds Total 2025 Tnteresi receivable and similar income,. Inierebl recelvable on bank deposiis Interest ieceivable on other lo&ns 303 7.488 279 6,91? 582 14.400 7,791 7,191 14.982 Unrestrlcted funds General RestriLted funds 2024 Interest reLeiv¥ble sirnildr inLome.' Interest receivable on bank deposits Int¢r¢st r¢c¢ivabl¢ on oth¢r loans 803 3,900 741 3,600 1.544 7,500 4,703 4,341 9,044 5 Expenditure on charitable #etivities Unrestricted fund5 General Restricted funds Tntal 2025 Note CJrant funding of activitics Administration costs (Support costs) Governance COSLS 5,080 839 1,066 17,760 776 983 22,840 1,615 ),049 6,985 19,519 ?6,504 Unrestricted fund5 General Restricted funds Tot&1 2024 Note Grant funding of activities Adiniiiistration costs (Support costs) Governance Losts 2,845 710 928 15,707 655 856 18,552 1,305 1.784 17,21X ?1.701 Pagc 16
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 5.1 Grant-makin% Unrestrlcted funds General Restricted funds Total 2025 Grants payable to indiNiduals'. l O Euryihmy .4bsociation ol'Greai Briiain and Ireland Eurythn)y Jll Britain Outreach Wtsrking Grtsup Eurjthmy Thcrapy Training in Grcat Britain Eurjthmy UK Luise Le Rhythmical Massage RtTrbin Ht)od F()undation 1,020 2,060 500 2,330 3,350 500 3.500 7.365 330 3,500 6.365 330 1,000 1,170 455 1,350 1,21U 500 550 1,170 455 1,350 1.710 500 550 St Luke's Therapy Lentre Tobias SL'hool vf Art & Therapy University ofExeier Univer51ty of NottingliAtn Weleda Facial RA Massage & RhniCal Einreibung 500 5.llxn 17,760 ?2.%4 Unrestricted funds General Restricted funds Total 2024 CJTant8 payablc to illdividuals.. 5 Thc Childrcn'8 Ciardcn merson College F.uryihmy Association of Greal Ilriiain and Ireland Eurythmy India Eurythmy Therapy Training in Great Britain Eurythmy UK IRTHA The Perforniing Arts Euryihmy West Midlands Pcrforn)ing Art% Inicrnational Robin Hood Foundation Tobias School of Art & Therapy Uiiiversity ofF.xeier aldolf Modern 1,476 600 1.476 600 2.480 2,480 1,100 1,245 1,100 4.590 446 1,100 1,245 1,100 4,590 446 350 475 350 475 45 1,380 1,700 1,300 17501 560 1.425 1,700 1,300 17501 1,015 Weleda Facial RA Massabje & Rhh1n1ca7 EinTeibung 455 2,845 1 %,552 Ne¥dtive imltjunts. dre iyheit ¥riUhts hdve been dLcrued lll previ[Ju yel which tlie Lhdrity Lonsidet5 nrjiy Idpbed r refunded from the rtcipient. Pagc 17
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 6 Governance costs During th¢ ycar thr¢c trust¢cs wcr¢ rcimburs¢d £3(K9 for travcl to ix)ard mcctit)gs, La%t ycar ot)c tru%tce iva8 rcimburscd £1 04 for travcl to board mcctings. UThrestriettd funds General Re5tri¢ted funds Total 2025 liidepet]denr examiner fees Examination of thc fiiiancial statcmcnt C.'tTruncil mectingq 905 835 1,740 309 1.066 983 ?.049 Unre$trieted Restricted fllnds Tntal 21124 Cieneral Independeni examiner fees F.xamination of the financial staiemenLs Council meelings 874 54 Sa6 io 1,680 104 928 856 1,784 7 Council of Management remuneration and expenses The key management personnel of the uharity comprise the Council tsf Management. Nn C.()unLiI (>f ManagLmLnt, nor any pcr.%nn8 conncctcd with thcm, havc rcccivcd any rcmuncration from thc cliarity during thc ycar. No CvunLil of MIaTantt have received any other benefitb frofft the LhaTity durin¥ the yeLW. 8 1-axAtion The Lhaiily is d re¥isiered Lhdiily dnd ib iherefoie e.xernpl Lurpoiaiion idx. Pagc 18
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 9 Debttsrs 2025 2024 Other debtors 240,000 140,000 Of thc debtors totalcd abovc, £228,DOO (2a24.. £228,000) is reccivable aftcr mnrc than onc ycar. Other borroivings lil the year Rudolf Steiner As%ociation Ltd loaned the Peredw. Centre £240,000 on 18th Augu8t 2023. thi8 loan is repayable over 20 Year ending in 2043 alld interest is charged on 1st March and I.t September each year. The illterest rate charged means the greater of.. a) 5Q/o a year or b) l°.0 aboiie the ngte ot Lltsyds Bank Ple base la trom lime 10 iin)e Or, should this raie cease to exisi, at anoilier rAte of InreSt closely coinparAble H'itli ihe inieresi rate 10 be agreed beiiveen the pariies or, in default ol. agreemeni. 10 be deterniined by A Ch( red Accounianl appOind by Agreement beiiveen the pariies or in defauli of agreenieni, nominaied by tlie President ol the Insiiiule ol. ChArtered Accounthn15 in England and ales, aciing As an expert and noi as An arbitraior. The amouni borrowed is secured on property owied by the Peredur Centre Charity. The loan agreement siipulates the the Lapital ivill remain 1¢h Peredur Centre for a maximum of 20 years. Bi-annual siinple interesi paymei)Is are to be made on the 'hole loan for rhe duration. The agreement allows for the recall of the capiral with l years noiice on the side of the Rudolf Steiner AssoLiation Ltd or early repayment by Peredur Cenire with 6 months notice. Pagc 19
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 10 Funds Balanee #t I August 21124 Incomin2 resources Resourees expended Balanee at 31 July 2025 Transfers Unrestrieted funds Gencrnl General funds 161,51 18,791 (6,9851 {12,780) 160,544 Restricted funds Doris Lamont fund Maud Stott fund 90,981 20,234 5,992 1.199 15,2711 (1.46LII (1•.780 91.702 19.965 Student grant 12.780 'I'otal restricted fund5 7.191 (19,519 12,780 111,667 TotaI funds 272,733 25,982 (26,504) 272.211 Balanec at I August 2023 Incoming resources Rcsourees expended Balance at 31 July 2024 Transfers Unrestricted tunds G¥ueral General tsnds 158,674 15.703 (4,4831 (8,376) 161.518 Restrieted t)LlriS l.amoni fund Maud Stott tund StLLdent grant 91,478 20,238 3,618 723 4,(M)O (4,1151 (7271 (12.376) 90,981 20.234 8,376 Total restricted funds 111,716 8.341 (17,218) 8,376 111,215 'I'otal funds 270,390 24,044 {21,701 272,733 Purposes of re.stricted funds Doris Lamont fund This restricted fund is used to SUPPOrt patiei)ts in receipt of medicatiotls or therapies inspired by an "anthroposophical approach" to inedicine a5 developed by Rudolf Steiiier and Dr Its Wenan. laud f*tott fund This rebiri¢ied lund is used to suppori Sludents and ai"lists working wilh "anihroposophical speech and dtama" (speech fonnation as developed by Rudoll'and Marie Steiner). Student grant These lunds were given by Hennes Tmsi (Reg. Charity 2817491 io distribuie as granis for Siudents underiaking designaied irainings and ui)deriaking courses based on anihniposophj inlullilineni ol. the ThnS ol. a bequest reLeii'ed by them. Pagc 211
Rudolf Steiner Association Limited Note5 to tl]e Financial Ststements for the Year Ended 31 July 2025 11 Analvsis of net assets betw'een fund% Unrestrieted funds General Total funds at 31 July 2025 Restrifted funds cut[lt a5Stts. 160,544 111.667 ?72.211 Unrestrieted furtds Gener#1 Total funds #t 31 July 2024 Restricted fllmds CutTent assets 161,51 272.733 12 Related pslrty trgnsactions The Charity has a policy that where funds are aTh'arded fron) the Doris Lamont Fund (restrieted fund for Inedieines and therapies) the grant should be Inade to the treating phy5ieiAnor therapist 10 eoN'er the cost of prescribed medicines or cout5e of ti)erapy. A further polic). is tl)at ivl)ere grAnts are am'arded to students undertaking a further education or training coutse the grant is paid directly to ihe Lourse provider. Pagc 21