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Rudolf Steiner Association Limited
Contents
Reference Administrdtive Details
Report of the Council uf .Mand¥ement
2to.I
sta￿ment of Council of Management. Responsibilities
Indcpcndcnt EXa￿lnce8 Rcport
Statcmcnt of Financial Activitics
6t07
Balance Sheet
Notes to the Financial Statements
9t021

Rudolf Steiner Association Limited
Reference AdTnInlstr￿t]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
mat￿ingtOnS
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 ￿fg￿Ver1lI￿g 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 re￿rn 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 ll￿king 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 g￿lts. 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 endea￿oUrS 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 infUr￿￿tiUll 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
St￿tement 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 fin￿lIa] ststements fvr edLh fllldncial ye￿.
UndeT LUIIIPdlly law the CounLil of M￿d&￿t￿l¢￿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 cOlnp￿1Y 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 fil￿ncIal 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 p￿￿lti￿n 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<igement dlt Itspvnsible for tlie mainten￿￿le ￿(1 iiitegrit}' of the Lorpurdte findiiLial
infiJTmdtiiJn inLluded on the LlidLiknblt LOlllPdny'S 14"tbsite. LebFisldtlOll ¥FOVtrning the piepdrdtivn and
dibseminalion or rinancial sthtemenis Inay differ Irom legislaiion in other jurisdictions.
Member8 of the charitable coinpany giiarantee to contribuie an amount not exceeding £1 to the assets of th¢
Charitable Company in the event of ivinding up. The total number ot such giiarantees at 31 July 2024 ￿,3$ 6
12023.. 6). Members of the Council of Mat]agement are members of the charitable cOmp￿)Y but this eiititles
thetn only to voting ￿l￿ts. Member5 of the Couiicil of Management have no beneficial interest in the charitable
Comp￿ly.
Appr(>vcd hy thc Coiincil nf Managcmcnt i)f the charity 271.1.01.25. and.%igncd nn its hchalf by..
M Mehts
Trustee
Pagc 4

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 cal￿ed out under bection 145 of the C.'liarities .4ct 2011 ('the 2011 Act'l. In cdrrJ'in¥F out my
exdTllin￿t10ll I have fullowed the DireLtions given by the Charity Cuniinibsion under 5eLtion 145151(bl of the
2011 ALt.
Ind¥pendent examlner's statement
I ha￿t 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 Ye￿r 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 Ye￿r 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 prepar￿tion 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
li￿ibilitieS 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 Febn￿ry 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&Su￿d 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 ma1￿5Ft￿£￿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 ￿0Vem￿nCe a￿a1]LYeTne￿tts 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 b￿81nC%￿.
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 te￿nb of the receivables.
CAsh And cRsh equivAlents
c.ash L￿d 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 ar1￿ingF 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% rceci￿a￿lL 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 ￿l￿set, or Ll the Lh(Ility, despite hdl'ill¥ tetain¢d bvme. but not (Ill,
signific(￿t ribkb dnd reiwdL"ds vf Vi￿¢[￿h1p. hds tri￿￿1¢￿¢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 c￿￿enCY in which the debt
I￿￿tTu1￿C￿t I￿ deiiominklted, provided such links are not leverac5ed.
IL) The Lont[i￿r 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 uh￿￿￿es in lei'ies iipplied by d Lential biink or dLlbin¥ frutn Lh(Ing¢s in ielev(Illt t￿L￿￿1t]￿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¢ fil￿n¢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 & Rh￿￿niCal 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 & Rh￿h1n1ca7 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 MI￿a￿Tant￿t 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 In￿reSt 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 appOin￿d 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 We￿nan.
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