mcrimof Tru•t {Umlted by Guwante•) (fornwly Coll•ge Tru•t) Charlty numb•r. 294750 Wenn Towns•nd *AE5KVO¢R• 271W2025 ANIES HOUSE
Independerrt Examinerf$ Repxt Siaiement ol FwAn¢ia BalanGg Sheot Notes to the Finanrjal
Refgr•nce •MI administrative delalls lor the 30th Jun• 2024 TrnstO•S K S Grnnt (Chair) C RLKld V Stone S A W¢ylh {aped 18 Marth 2025) Conwny Numb•r 02024986 Charlty Numbor 294750 R•glst•r•d Offlc• 30 St Giles Oxfryd OX13LE lftdop•nd•nl Examln•rs 30 St Git85 OX13LE B•nk¢rn Lcffi
McTknonty TnMI Tru8teu' R•p The trustees present Iheir rwt 8rKJ Its finarKlal slatThts for the year oThJed 301h June 2024. Prfncll actlvlty The prinopal activty of ts tharitatle mpary. • ststed In ils Mem¢)randum and Artkles, is Ihe advancement of educ8tknn in the and lechniqu8 01 the kkTinY Mefvd or M¢Tmoney Chlropraclic as applied to humans and v8rtobral• animals (the pailicular technique u88d is known as the McTirln9Y Th8 prMfj$I for puL4iG bgrnfi( of subsidi$ with a vitr to Iho w•serialiM arKI proteclion Mlsslon statement Tho MGTimoney Trust McfNn(Thy Chirowaclic as a1o&ling h01ht Chircyrnctic troalmanl. Our alm to improve th8 8ccess to quahty ChIpraCtiC educalion to thcw wlK> olheMKse may It be able to afford it aThJ grow Ihe access to quality trea1rn ts) thoEe (IKYnan and anunal) mLKSt In need to trealtre Tw8tOgS The trustees, are also direct(xs. who seThed duriTrJ lh• yeaT siiKe the year end ¥Rre: K S Grant (Chair) C RJd V Stone S A Worth lappokniod 18 Ma• 2025) The trustees have had due reg¥d to th• Ctynlrtiss#'S on wblic benefft i) carying the ch8riVs otyeclives. Following a PWILMJ of relative inactsvity the perKNI of tho thKI 19 dern. the Tnjst has gcffie through a pefhjd of rebuildlng and preparaliorts firture woiects. This has been woductlve In that the seeds planted. w1 come into fruibon durKvJ 2025. Th8 Trustees remwneLI unchad for Iwo years until Santha Wwth was appointed as a new trustee in IAar¢h 2025. The Trnst 1$ efvI for the ¢JYJoiNJ s?t (rf Chrtstna Ruthl and Stone. The Memoranrn and Affbcles fvr the charti ve wthted lo rdlect the thangir¥J tuotson and brogden the alms of the ctArlty. The8e ar8 sublle ctsngts that are to better refieL% CAK orwlThJ actfvllies and pn5. Fwiances have been S19 tthth oTrJoing retLYns frixn vNesthents and fees frofft the 'CoUfjge ol Plealth., who pay the Trust a license for use of the Tnjsfs intelleclual propevty rwjhts aThl use of trademarks for the tTimorw Cdlgge of Chiro¢. Tr Trust irlltialy a¢P1 a l¢ywef IKonso feo to $uprKrt th& Cc4189è of Health in its earfy years of th8 e51alAishrMnt dtho C•. In oddlticffi to tr w4ng support prtiv for the McTYtMey Cdle9e of Chiropraclic. support has been given to a trusted education provideT for Ilw of John Thg Conlinuin9 Professional Oevelopmgnt (CPDI kYo9ramme has been In¥l90r3tsd ft>r the original McTimoney alumrm group. 'McT¥noney C)ne(. wilh a meetiry In ljastonbury, Yoga and lateS in WarwiGkshiré. Equality. DbV6Tty and In(sI¥1ty {EDI) and UndorstsrKlirva Ngurodpièrsty aThJ Adva Chldho(J Exp8riences at Keelg UThveth. aThJ EDI again. Signrfi¢ant Progr has ten mado with thfr Con¥nuiity Clini¢s pmgramm8. Wg Icy( forwar(I to being able to report of this start up during 225. Also in B$ngharn, the Tfust completsd a move of wemises, txjnsolidaling prevws Storage facilibes and hired meetww faulittes into one builthThJ. the new Registered Office for the The TrusL on advice. has better the McfffrKmoy and te18ClUd property by Khwng Trademark reg1stratK. Tha Trust has furthor c4>11aled orrfl proiertod the 1• ofth? hi8W of tr* Cdloge and thg TABL
forthe year •ndod 30th Jun• 2024 Re¢rnlkn)ent and •ppolntmenl ol new Inths During this peri. three applications were recaved. thbse not to the invitatson to formalty apF4y, one joined in March 2025. Tre Tt ¥b¥ety seeks new Tntstees and Ihkn cthWe. Th• Tr•a¥ur•rd R•port During Ihe ffirwKHI year li¢ense fees gifts trlaliYwJ £50,640 wwe receiv1. DoYotIS totsled £1.26B. Tho •AcTsmon•y Trusl provided a tolal ot £70.¢XN) to supwt Chirowath Educatth. Tlwe was a ktss of £80.71XI for thg year bolore Investrrth pins. Tho mtrket Va el hivestments haviThJ decre by £358k thriTh) Ihis fTraI year. Th8 markèt value of the tnvestrnents as at 30th June 2024 slKJE an inuease of£471k on (Yynal anUnts invesled. The Charls funds amounted to £1.55 at the ye d. Thk8 1)xnprises cash kn Ktsrest b8armg savings acownts and managed tnvestments. The Trust has C¢)op Bank accounts. A Business Direcl Current account and a Donati(Th a¢¢txinL The TnK¥fs kntsnt wlfdio is m• by Falty and th Savings aCcOt is Wbth Ihe United Trust Ban 01th8 ch•it8 f5. £1.C¥)O is d88hJnaled as the 8¥bwa Mwtir prize fun Poll¢y ststem•nt on re8•rw• and Idenlllled rf•ks Th& TnJsle8s have r8viawed the reserm of the clwAy. To safeguwd tho cm activtss in priods of fluctualing inwne the Trustees have determined trj eslablrth unrestriL#gJ roswv8S to six months ¢Jp8rating c05ts (apwoximty £40k). Unre5trided reswves al 301h June 224 were £1.55 milton. Desigiated Fund8. £1,[ is dwn*d as Iho 8arttara Minter wtze fw Llablllty of m•mb•rs The liabdity of members is Iwnit•J. In th9 8vent cl the charitaLrfe beirKJ thfjund up <knw)g a memb8rfs period of MeMbehIp ty vrilhin year afterwarits. an ank)unt 1 exceeding Ihe sum of £10 may be required from that rn8mlJer towwd the payrrtrt of the debts and Ihblibes of tt)9 charilabl8 in¢urrgd bgforo tho mombership caa58d. At 30th Jun8 2024 tho chaiitst4g MpanY had 3 Mbls.
IlcTkMney Trust TnMt••s' Repwt (contlnued) lortho yeard•d 30th Jun• 2024 Truslee8' responslbllltles The trustees (who ar¢ also tho dweCt¥ of McTinxThy Trnst tr tho purposes of company lawl are responsible lor weparing the Tntstses. Report and the financial slatements in anIanCe with applicable law and Unrted Ktngdom Ur#in9 Standards {United GeneraThy A£cepted AcCon9 Prathe). Company law requres the trustee5 to prepare finaThial Ststern for eath ftnaftwl year whlch give a tNe and fraK view of the state of Ihe affair5 of Ihe charity and of the incJ)ming resou5 and appllcatlon ol resource5. Including vKome arKI expendth of Ih¢ dwlty for that KKI. In prepariNJ the8e finwKial 8tat8ments the tru8tee8 are roqulred tt): select s(Ntabl8 accxJuntin9 sthes and apply Ihem Cori, observe Ihe methods and prfnciplos in th8 Charitt8s SORP.. makejudgements and estimates that are reasonable and Wlent.. state whether appltible UK a¢unI¥J slandards have been folowed, kniect to any material departures disclosed and explained in the financial ststements. prepare the fingnryal stetements goirwJ ry)ncem bg¥i5 11 is Inapprome to presume that the charity will (xjntlnue c4)wation. at any lime the financial posilion of the chty and to enable them to onsurg that the finantyal statement$ comply with ts Companios Act 21M)6. Thoy we also responwble for safeguardiTrJ assets of the and hence for taking reasonabkn steps forth8 wevèntim and detectTrM of fraud and other iffeg¥Jl8rfties. In 80 far as the trustee8 are aware: there is no relevant informali¢)n of whith Ihe tharitalAe coThpany¥ auditr 1$ unaware: and tho trusteos hav9 taken all stops Ihat they 9t to ha¥9 lakon to rnakg lhoml¥$ awar• of any rolovant audk infornOn arKI to eslabllsh that the audltor is aoIt The trustees are reSnLe for rna1ntenan intggiity of thg afKI finan¢ial Infonnation Included on the charitatle company's websile. LeglalKin in the United Ktr4Jdom goveming the weparation and dissemination of financial statements may dsffer from Ls18t)n in otherjurisdictions. This roPQrt ts propar8d In acc(th0 llh tho spea of Part 15 of thg Companias Act 2006 relating to small companie8. This report vrds approvgd by the 8o¥d ........ ... J-L 2025 on its be1[ by K S Grant Chalr
Mcfvnoney Tnwl Ind•pd¥t Examlnef8 Report to th• TnMte• of lh• lA¢ThnN Trust I report to the tharity trustees on my examination of ts aCnIS of the amnpany for the year onded 30th ng 2024 whkh c(Krwrlse the Statement ol Fw)ancial Adivities. BalarKo Sheet and notes 110 16. Rospon•lbllttlo$ and bo•1s of r•port As thé tharity trustees of the compary (and $0 its directNs for the purposes of compary I> you are responsible for the prep8ration of the accwdance with requiremonts of the Conyanies Act 20C61lhe 21Y)6 Acr). HaviThJ sl6ffied my8df that th8 ac(xwnts of th& MPanY are not requyed to bo audtsd under Part 16 of the 20C and aro digbbto for indop¢nd8nt txaminall. I reFt in raspo¢1 of my oxaminalion of ywr companvs accounts as carried undw [on 145 of the Charittes Act 2011 Ilhe 2011 Act,). In carrylng out my examination I have followed ts DY•ctsons givgn by the Charity CornirssM under section 1445)Ib} of the 2011 A I hava cAJnyleted my I confm that no mattws have to my attention kn o)nn8ctil tthh the OX8mination giving me cause to beliwe that Materi T accountwu roconls were noi kept in respect of the c4)mp3Dy as required ty section 386 of the 2006 Act a¢nts do not CO wilh the accow¢lNyJ requirements of sec1K 396 d the 2006 Act olher than any requirement Ihat Ihe a(£ounts give a 1Ne and fair 8¥¢ whkh ts not a matter Cldered as part of an independent examination; CK 4. Ihe accounts have not been FKepar&J in ardarKe with Ihe metlh)ds and winciples of the Ststement of Recommend Pra1¢9 for a)Unting and r8p(ffling by thwTlies applicaL4e to tharities wepariry their accounts in accordanca wilh the Finawl ReportlTrJ Stand•d applkable #i tho UK arrfl Republic Ireland {FRS 102>. I have no concems ar have come across no olher mattw5 wi nneCtIOn wilh lh8 examlnatton to which attenlion should be dramn in this rop¢t In order to onable a WOFer Ur*stalIng of the accounts to rèathed. Andrnw R•dzyn#kl PCA Partnor W•nn Ch¥tsr•d Annts
Tot41 Fundl ZQ2J InOnI kncom 1391 40.IY) 40.150 Tvlal Inwm• 544J• 42.511 42.541 Ey•ndNuf• 132M14 87070 87,070 1.095 86,165 18.165 14624) 14&6241 12 12 142.170 142.170 7431 7&431 726 Il•t IT0•¥•djTfr} 37•
x 35 TOW fvnds 1.450.753 1mJ 1.451.753 1.4a)218 1.421218 TOt1fvhd•¢ffdfw* 1.547,on 1.450.7&1 1.451.753
30th Jun• 2024 30th Jun• 2024 30th June 2023 Flxod Ass•ts Investments Tangible Fixed Assets 1(Kl 10 9,702 1.829 Debtors Invesbnents Cash at bank and in hartl 11 12 409,746 1,052.876 2.Xi3 1.402.3 47,903 1.S46.888 1.453,309 Credltorn: amounts fallln9 due wllhln on• yoar 13 (8.51n (3,385) N•t Currwt A•••ts 1.538,371 1,449,924 Il•t Assot8 1,548,073 1.451.753 Restricled funds Unrestricted designated lunds Unreskne general funds 15 15 1,000 1.450.753 1,547.073 M•mborn' Fund$ 1.548,073 1,451.753 The tmste8s are satisfied that ts ¢>)mpany was entiiled to oxempoon undor so¢lron 477 of the Coryanies Act 2006 and that member5 have not reqLllred an audit rn accA)rdance seclion 476. prgparing accounts whrch gNe a and lair ViVaT of thg slate of altairs of Ihg conp8ny as at th• end of tr financi year and of its suryA8 or deficit fow the financial year kn nce whh tho requirements of section 393 and which other•ise COmY with the reqUn8Th ofthi5 Act TelatiThJ to o¢C(nts, so far Ès aprAi(ble to the c(npary. Tho financial Statents we wepafed in acclanCe with the speua prO¥ism of Part 15 of the Comp3nie$ t 2(KE relatirwJ to small 0P•nIg5. The nc al statemenls were apprurfed Bo¥d ..... ... .. .. . 2025 aTht slgned on Ils behalf KGra Tnts•
AOTrI19 polklo8 Ba81s of accountlng The ffnan¢ial statements have been in accAWd wlh the Companies Act 2006, the Charilies Act 2011, Ac<xMJntiry and RewYlirwJ by ChFtses'. Statemènt of ReCMend Pract applicabte to charilios preparing Ihek aco)unts in Xcordance with tho Financia Rewbng Stondard applicable in the UK Reputlic of Iroland {FRS 102) (issuod Odober 2019) and the Financial Reportlng Standard 8Olcable in th8 UK and Republk of Ireland (FRS 1tY2). Thg McTimcvw Tw5t meets the defmilth of a put4ic benèfft eW )der FRS 102. Assets and liabilities we initialy recx3nised at historical cost or tran5xtK value unless 0th8nMbSe ststed In the relgvant acco1 pclicie 12 Incom• JI in¢ome Is induded in the Statamgnt d Financial Activibes when th8 charity i818galty enlilled to the income. the amount C bg quantsfied wilh Tgasonth aCr. and it is probable that the income wdl Tanglbh fixed aas•ts Tangiblo fixed assets are at crtst less aCmUlated depreciati(¥k Depreciation is wovthd on tangible fixed assets and is based on the antipated useful life of the asset the roswjual value as frAkw5:. Fitbngs. fixiures and equltMnent- 25% stTaW I¥ L8a88hdd ImproVeme- 33% str8W1S Fixed asset tnvests))ents are statsd at cst18ss f(Y diminution in Va8. Current asset Investrnents are measured inilialty at cost and subsequth al fair valuo (thoir market value) al th8 fepoflThJ date. 1.5. Group accounts Group acc(MJnts have not bgen wop¥ed as Ihg sutwJiery rA)mpany wa5 1)rmant thJTing the yr and imrnattrial to results of the trusL Tr a¢cxxmts wesent u)f0M about the d• a8 an indivNJual undertaking and not ats)ut Its group. 1.6. Fund •eGountlng General funds ar8 unrestricted fimds th avaiktAe fijr use dw011 ol the trustsos in fvrthoran¢e of thg genwal 'ectiVeS of thè dmrity and which have not been desynated for other wrse& Designated funds comprw uNesIr fiJ¥ts have b80n set aside ty th& Irustoes ts path14r purp(Kes. The olm arKI use ofeach desiwated fund Is set (rt kn the rw)les 10 tho finwKlal slatomonts. Reslricled funds arn monies recmd the do specffj a partular wrpose on fiich the monies must be spenL
M¢fnnon•y Tntst NotOS to th• Flnanclal Statwnents 1.7. Expendtture AJI exKwKliture is for on an &uuals basis aThl has been classiw urhJer headings that aggregate all costs related to Ihe L¥t8wy. Expenditure is recognised there is a 18gal or c4)n$tructive obligation to make a payment to a third party, it wobable that sthment will b& required. and ts amount ofts obllgattty) can measured rel1ty. Supwl costs arn those ccssts iThJrred drecty ri suppwyt d eXpIK111Ure the objects of the charity. Governance costs are thoso inrred in cneCtI with complonce with f)ybnal and statLrtory requirernenl& 1.8. Irrecovernble VAT Thg ch8ritst4e company is rK)t re90 for VAT d, as irrec0w VAT is 1rnIld within Ihe exp8Me in whith it was {ul[8d. 1.9. Golng Concern Th8 trustegs ¢0mIer Ih8re to be no Iwwrtainlies wilh rewd io the Lknty contknuing as a goKvJ concem. Incom• from charliabl• actmtles {2023= £nrt). Don•tioM and fundrnlthg 2023 1268 1,268 In accordance Charity SORP the drity has WKauded donated materials receNed. Thwe is a matching amount shown in CLMnmlty cbnic for ts donated materials. Inv•8lm•nt lfieome 2023 Bank int•rest OMd&)d inco 342 2.186 2.528 2.391
M¢fwnoMy Tryst conlind 2023 Trust hKorno 50,640 40,150 Net •xpndlfvre 2024 2023 N¢t expenditure ig ststed after chargirv Indedent ewinerfs fees 3.030 Charttabl• a¢tlvltl•s 2024 Educational suppryt Communty dnrc Connecl events Oral history projet Support ¢osts {below} 70,0(K) 2.929 8.523 749 21.413 29.230 1.196 10.224 45.565 132.844 87,070 2024 2023 Support costs Indudo."- Athninistration and bookkeepry costs 3.524 3.499 937 1.959 1.785 1,094 1.885 4,096 445 1.903 Training Tntslee expenses IT and website Insurancé Adverlising DeprecAation Rèpaifs and maintenar Bank Donation Mi8ce118neous 3,710 1.613 1.753 138 1.189 21,413 10.224
fortho year •nded 30th June 2024 .. c4)ntinwJ Totsl uPondIrn (coniknu•d) Govem•nc• costs Indud•:. 2024 2023 13.487 3.030 12.713 33.507 3,785 8,273 Independent ex•nws fee Rent and Ralos 29230 45.565 Rlng lunds 2024 2023 InNwtrnent managM7ent costs 2.292 1.095 Tnle85 received reimbursemeArtfty oXP8nses total £1,95912023.. £1.735) for travd. 8ubsislence, accommodation and office expenses. Th8 trteaS (fKI not retAye any rwnuneratx)n or other benefit for their Serv fft Ihe yeaf12023.. £Nil). Fix•d as••t Inv•stm• Sh•re8 In •ubsldiary ¢omp4fft108 At 1st July 2023 a1 at 30th June 2024 Amounts wrltt•n off At 1st July 2023 afbj at 30th June 2024 N•t book valu•s At 30th June 2024 11Y) At 30th June 2023 County of Shar•holdlng Ckns % Met ag8•ts at 301h Jun• 2024 Result fr•r lh• y•ar Company Subsidiary uThJertoking: McTimoney CoNege Servlces Linwted Eryl•wJ 1(Xl (7.310) ¢panY did not operdte durKYJ Ihe yew. -10-
IkTimonty Tru*t for the y•ar end•d 31Xh June 2024 con1ml 10. TangllA• Ilx¢d •M•ts Flxturng, Leas01Id Flttlngs & Improv•m•nts Equlpmont Tolal Co At 1st Juty 2023 iliry 11.969 At 30th June 2024 7.365 8.468 15,833 Depredat At 1st Juty 2023 Charge 2,135 1.641 2.135 4,096 1455 At 301h June 2024 2,455 3,T16 6.231 book valu• at 301h Jun• 2024 4.910 9.602 1.729 1.729 11
11. 2024 2023 EthJc4tial support loan Prepayments and accrued I(v Other debto 400,000 1.152 2.503 409.746 2.503 The educati(1 support >0 is interest free. £2IYJk for ropaymont by 31$1 May 2026. The remaining £200k ts the for re by 3(th SeiXember2027. 2023 Quoted in¥estrnen13 Market value at 1st July 2023 Addllions at cost Proceeds from dispos81s Increase in market vaFue wi the year Gain on dl$p(Isal$ Fmlelty Cash acc4)urt 1.402.9)3 2.302 (537.622) 142,170 1,325.781 64.091 163.128> 75,431 728 Markel vdue ot 301h June 2024 1.052,876 1,402,3 Th? hiskncal cost ofth8 quded irN8stsnerts was: S73,407 864,158 13. Credltors: amounts falllng due wlthln ono yr 2024 2023 Other creditors 1.227 7.290 8.517 3.385 1& Obligatlons und•r l••M• and pur¢has• contra Op•Tatlng lea 2023 Not laiar than on8 y Lator than one yoar and rnt latsr than 5 yoars 14,IXKI 21.000 35.0 -12-
¥cTlmM•y Tn1 forthe y•ar ¢nd•d 31Xh June 2024 . continued 15. D•s1gnatsd funds At18t July Int•T•8t Transf•rn Exp•ndod Intho At 31)th Jun• 2024 Curr•nt Y•ar Batsra Mintsr tx7 fvnd Prlor Y• Barbara Minter wlze fund 1,000 A donauon of £1.IJOO was r1ved as a bequost from the lamlty of th8 1*0 Barbara Minter. Mcftmorw Chiroprath. The £l,LIXI Is to be Lsed at the dtscrebon of Ihe Ttte5. who have agreed Ihal Ihe arTh)unt is lo be desyokn1 to a fimd bearing the nwne'Barbgra Minter prtze funrf. 16. Curv•nt y•ar g•n•ral R•strlct•d deslgnatsd funds lunds fund• Total Fund balances at 31)Ih June 2024 are rewesenttrj by. Fixed asset investments Tangibl8 fixed assets Current 8558 Cufrent 8bltIeS 1th) 100 9,602 1,CX)0 1,546,888 18,517) 1.545.888 (8.517> Net assats 1.547,073 1.548.073 Pflor Y•ar Unmtrlthd UDrMtrlcted nernl R•strfcled deslgnated funds funds funds Total Fund balances at 3(Kh kne 2023 are rewesonted by." Flxed a$$et Inves1Thnts Tanglbie fixed assets Current assets Cuffent IlabNltles 100 1.729 1.453,309 13.385) 1.452.309 {3.385) Net assets 1.450.753 1.451.753 -13-
for th• y•ar •ndod 31Xh Jun• 2024 c¥ntiThMI 17. Capltsl The charft8ble conw8ny is limited by guaranlee and has no sharn c8prl81. Ralal•d party tran•acthM Payments were made to ktrs B Hb#rj la fcffmer tnJsle8 of this dwity) totaming £3.000 (2023.. £900) for a¢Until 8eMces. Payments were rnade to Mr5 1 (a fcffmer trustse of iIHs ch81ityl t(allir¥J £nll 12023.. £664) for accounting servtces. The trustees donated goods in ts yew ilh estwnth vaue of £ £1268 (2023:nl) lIP are included in note 3. -14-
t)•tallod InGom• and Exp•ndltur• Accowrt for th• y•aT •nd•d 3frth Jun• 2024 2024 2023 Income Donat1$ & gits Tru¥t income Bank intere recei1 40.150 2.391 2.528 54.436 42.541 Expon888 Govamance costs- profeswwl feos Investment man8gemtt fees Educational 8UPPOrt 8ank Gharges Connect Communty Clinic Or81 Hkstory Inrance {indudlTra trust indenw¥ty) W8bsite Prod11( and markellng Telephone Accountsncy Ttuste8 expenses Storage costs Meetings Deprecialion Rent and ratss Advortising Training Repairs aThJ mawrtenance Donations Consumables MI}18n80u$ Administration and bookko4xrvJ Gosts 13.487 2292 70.IJ(X> 33.507 1.095 30.000 138 1.196 &523 1.661 749 738 1.613 243 3,785 1.592 1.660 2.118 369 8.273 1.753 1.785 741 1.959 1.173 12.713 1.885 937 1.713 1.189 3,524 (135,136) {88,165) Not surpluslld•ll¢ft) forth• y•ar q80.71XI} 145,6241 -15-