**REGISTERED COMPANY NUMBER: 01930737 (England and Wales) REGISTERED CHARITY NUMBER: 292776**
**North London Rudolf Steiner School (A Company Limited by Guarantee)**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Period 1st September 2023 to 28th February 2025**
**North London Rudolf Steiner School**
## **Contents of the Financial Statements for the Period 1st September 2023 to 28th February 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Statement of Financial Position**|6|
|**Notes to the Financial Statements**|7 to 12|
|**Detailed Statement of Financial Activities**|13 to 14|
**North London Rudolf Steiner School**
**Reference and Administrative Details for the Period 1st September 2023 to 28th February 2025**
|**Trustees**|Ms S M Cook|
|---|---|
||Dr S J Peat|
||Mrs A Richards|
|**Registered office**|The Campsbourne Baptist Church|
||1-3 The Campsbourne|
||Hornsey|
||London|
||N8 7PN|
|**Registered company number**|01930737 (England and Wales)|
|**Registered charity number**|292776|
|**Independent examiner**|Nigel Wilson & Co|
||4th Floor|
||100 Fenchurch Street|
||London|
||EC3M 5JD|
-1-
## **North London Rudolf Steiner School**
## **Report of the Trustees for the Period 1st September 2023 to 28th February 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1st September 2023 to 28th February 2025. 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**
The company's principal activity and objective continued to be that of the provision of education to children on the lines indicated by Dr Rudolf Steiner.
Due regard has been paid by the trustee's to the public benefit guidance published by the Charity Commission.
The main fund raising activities during the period were the operation of the school shop, a winter fair and a summer fair.
## **Achievement and performance**
## **Charitable activities**
During the year the company continued to operate an early years centre, comprising of one kindergarten class at Campsbourne Baptist Church.
## **Financial review**
## **Financial position**
The charity's state of affairs is as set on page 5. The charity showed a net decrease in funds of £24,567. The funds held will be used to continue the charity into the future.
## **Principal funding sources**
Aside from the income generated from educational services, the principal funding sources of the charity are from donations and various fund raising events.
## **Future plans**
The charity ceased operations at the end of this accounting period, as agreed by the Trustees following a strategic review of the organisation's activities, financial position, and long-term viability.
The decision to wind up the charity has not been taken lightly. It follows careful consideration of various factors, including the achievement of core objectives, funding challenges, and the broader external environment. The Trustees are satisfied that the charity has fulfilled its mission to the fullest extent possible and have taken appropriate steps to ensure that the wind-up process is conducted responsibly and in accordance with legal and regulatory requirements.
## **Structure, governance and management**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 15th July 1985 and a registered charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed by the Articles of Association.
## **Recruitment and appointment of new trustees**
The directors of the company are also trustees for the purposes of charity law. The trustees are not subject to retirement by rotation. The trustees are formally elected to the Board of Trustees at a full meeting of the trustees.
## **Induction and training of new trustees**
Current trustees are already familiar with the practical work of the charity. Prior to the appointment as a new trustee, the candidate is met by the individual trustees and officers of the charity to ensure that he/she is fully aware of the requirements and statutory duties of a trustee and to ensure that the person is suitable to hold such an appointment.
-2-
## **North London Rudolf Steiner School**
## **Report of the Trustees for the Period 1st September 2023 to 28th February 2025**
## **Structure, governance and management Risk management**
The trustees have discussed the major risks to which the charity is exposed and a formal risk register is being established, which will be updated at least annually. Systems and procedures have been established to mitigate the risks the charity faces. A strategic plan is being developed which will allow for the diversification of funding and activities to mitigate such risks should they occur. Internal control risks continue to be minimised by the implementation of procedures for overseeing and authorising major transactions and projects.
## **Cessation of trading**
The charitable company ceased activities on 28th February 2025.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25th June 2025 and signed on its behalf by:
Dr S J Peat - Trustee
-3-
## **Independent Examiner's Report to the Trustees of North London Rudolf Steiner School**
## **Independent examiner's report to the trustees of North London Rudolf Steiner School ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the period 1st September 2023 to 28th February 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Hatchard BA FCA
Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD
25th June 2025
-4-
## **North London Rudolf Steiner School**
## **Statement of Financial Activities for the Period 1st September 2023 to 28th February 2025**
|||**Period**||
|---|---|---|---|
|||**1/9/23**||
|||**to**|**_Year Ended_**|
|||**28/2/25**|**_31/8/23_**|
|||**Unrestricted**|**_Total_**|
|||**fund**|**_funds_**|
||**Notes**|**£**|**_£_**|
|**Income and endowments from**||||
|Donations and legacies|3|**50,975**|_9,264_|
|**Charitable activities**|6|||
|Educational activities||**145,156**|_166,608_|
|Other trading activities|4|**7,117**|_2,961_|
|Investment income|5|**88**|_20_|
|**Total**||**203,336**|_178,853_|
|**Expenditure on**||||
|Raising funds|7|**332**|_179_|
|**Charitable activities**|8|||
|Educational activities||**227,571**|_191,993_|
|**Total**||**227,903**|_192,172_|
|**NET INCOME/(EXPENDITURE)**||**(24,567)**|_(13,319)_|
|**Reconciliation of funds**||||
|Total funds brought forward||**30,631**|_43,950_|
|**Total funds carried forward**||**6,064**|_30,631_|
|||||
The notes form part of these financial statements
-5-
## **North London Rudolf Steiner School**
## **Statement of Financial Position 28th February 2025**
|**2025**
**Unrestricted**
**fund**
**Notes**
**£**
**Fixed assets**
Tangible assets
12
**-**
**Current assets**
Cash at bank
**9,362**
**Creditors**
Amounts falling due within one year
13
**(3,298)**
**Net current assets**
**6,064**
**Total assets less current liabilities**
**6,064**
**NET ASSETS**
**6,064**
**Funds**
14
Unrestricted funds
**6,064**
**Total funds**
**6,064**|**_2023_**
**_Total_**
**_funds_**
**_£_**
_1,748_
_42,131_
_(13,248)_
_28,883_
_30,631_
_30,631_
30,631
30,631|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25th June 2025 and were signed on its behalf by:
Dr S J Peat - Trustee
The notes form part of these financial statements
-6-
**North London Rudolf Steiner School**
## **Notes to the Financial Statements**
## **for the Period 1st September 2023 to 28th February 2025**
## **1. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value.Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income from fundraising events and the shop purchases.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Indirect costs are allocated on a usage basis.
Governance costs compromise of those costs associated with meeting the constitutional and statutory requirements of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 25% reducing balance
-7-
## **North London Rudolf Steiner School**
## **Notes to the Financial Statements - continued for the Period 1st September 2023 to 28th February 2025**
## **1. Accounting policies - continued**
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds are available for the use at the discretion of the Trustees in furtherance of the general objectives of the charity.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **3. Donations and legacies**
|Donations
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest|**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**£**
**_£_**
**50,975**
_9,264_
**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**£**
**_£_**
**7,117**
_2,961_
**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**£**
**_£_**
**88**
_20_|
|---|---|
## **4. Other trading activities**
## **5. Investment income**
-8-
**North London Rudolf Steiner School**
## **Notes to the Financial Statements - continued for the Period 1st September 2023 to 28th February 2025**
## **6. Income from charitable activities**
|Fees receivable
State funding
**7.**
**Raising funds**
**Other trading activities**
Fundraising events
**8.**
**Charitable activities costs**
Educational activities
**9.**
**Net income/(expenditure)**|**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**Educational**
**_Total_**
**activities**
**_activities_**
**£**
**_£_**
**116,767**
**_125,638_**
**28,389**
**_40,970_**
**145,156**
**_166,608_**
**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**£**
**_£_**
**332**
_179_
**Direct**
**Support**
**Costs**
**costs**
**Totals**
**£**
**£**
**£**
**217,599**
**9,972**
**227,571**|
|---|---|
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets|**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**£**
**_£_**
**-**
_583_|
|---|---|
|Deficit on disposal of fixed assets|**218**
_-_|
-9-
## **North London Rudolf Steiner School**
## **Notes to the Financial Statements - continued for the Period 1st September 2023 to 28th February 2025**
## **10. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the period ended 28th February 2025 nor for the year ended 31st August 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 28th February 2025 nor for the year ended 31st August 2023.
## **11. Staff costs**
The average monthly number of employees during the period was as follows:
|Teaching staff
Administrative staff|**Period**
**1/9/23**
**to**
**_Year Ended_**
**28/2/25**
**_31/8/23_**
**8**
_9_
**1**
_1_
**9**
_10_|
|---|---|
No employees received emoluments in excess of £60,000.
## **12. Tangible fixed assets**
|**Cost**
At 1st September 2023
Disposals
At 28th February 2025
**Depreciation**
At 1st September 2023
Eliminated on disposal
At 28th February 2025
**Net book value**
At 28th February 2025
At 31st August 2023|**Fixtures**
**and**
**fittings**
**£**
**46,003**
**(46,003)**
**-**
**44,255**
**(44,255)**
**-**
**-**
_1,748_|
|---|---|
-10-
**North London Rudolf Steiner School**
## **Notes to the Financial Statements - continued for the Period 1st September 2023 to 28th February 2025**
## **13. Creditors: amounts falling due within one year**
|Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
**14.**
**Movement in funds**
**At 1/9/23**
**£**
**Unrestricted funds**
General fund
**30,631**
**TOTAL FUNDS**
**30,631**
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
**203,336**
**TOTAL FUNDS**
**203,336**
**Comparatives for movement in funds**
**At 1/9/22**
**£**
**Unrestricted funds**
General fund
43,950
**TOTAL FUNDS**
43,950|**2025**
**_2023_**
**£**
**_£_**
**306**
_7,099_
**-**
_1,254_
**-**
_1,738_
**2,992**
_3,157_
**3,298**
_13,248_
**Net**
**movement**
**At**
**in funds**
**28/2/25**
**£**
**£**
**(24,567)**
**6,064**
**(24,567)**
**6,064**
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(227,903)**
**(24,567)**
**(227,903)**
**(24,567)**
**Net**
**movement**
**At**
**in funds**
**31/8/23**
**£**
**£**
(13,319)
30,631
(13,319)
30,631|
|---|---|
-11-
## **North London Rudolf Steiner School**
## **Notes to the Financial Statements - continued for the Period 1st September 2023 to 28th February 2025**
## **14. Movement in funds - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
178,853
178,853|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(192,172)
(13,319)
(192,172)
(13,319)|
|---|---|---|
## **15. Employee benefit obligations**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,091 (2023: £2,188)
## **16. Related party disclosures**
There were no related party transactions for the period ended 28th February 2025.
## **17. Limited by guarantee**
North London Rudolf Steiner School is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such an amount as may be required not exceeding £1 to the assets of the charitable company in the event of the company being wound up while he or she was a member, or within one year after he or she ceases to be a member.
-12-
**North London Rudolf Steiner School**
## **Detailed Statement of Financial Activities for the Period 1st September 2023 to 28th February 2025**
|**Income and endowments**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Charitable activities**
Fees receivable
State funding
**Total incoming resources**
**Expenditure**
**Other trading activities**
Fundraising events
**Charitable activities**
Wages
Social security
Pensions
Rent
Insurance
Advertising
Purchases
Repairs & maintenance
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
**Support costs**
**Finance**
Bank charges
**General office**
Other office costs
Payroll and bookkeeping|**Period**
**1/9/23**
**to**
**28/2/25**
**£**
**50,975**
**7,117**
**88**
**116,767**
**28,389**
**145,156**
**203,336**
**332**
**161,537**
**2,869**
**2,092**
**37,293**
**3,068**
**887**
**9,282**
**353**
**-**
**218**
**217,599**
**117**
**2,833**
**1,326**
**4,159**|**Year En**
**ded**
**_31/8/23_**
**_£_**
_9,264_
_2,961_
_20_
_125,638_
_40,970_
_166,608_
_178,853_
_179_
_128,851_
_2,719_
_2,188_
_31,608_
_3,151_
_-_
_11,018_
_2,057_
_583_
_-_
_182,175_
_78_
_1,522_
_1,224_
_2,746_|
|---|---|---|
This page does not form part of the statutory financial statements
-13-
**North London Rudolf Steiner School**
## **Detailed Statement of Financial Activities**
## **for the Period 1st September 2023 to 28th February 2025**
|**General office**
**Communication and IT**
Telephone
Website costs
**Governance costs**
Accountancy
Independent examination
Total resources expended
**Net expenditure**|**Period**
**1/9/23**
**to**
**28/2/25**
**£**
**1,946**
**343**
**2,289**
**2,987**
**420**
**3,407**
**227,903**
**(24,567)**|**Year En**
**ded**
**_31/8/23_**
**_£_**
_1,891_
_1,743_
_3,634_
_2,940_
_420_
_3,360_
_192,172_
_(13,319)_|
|---|---|---|
This page does not form part of the statutory financial statements
-14-