REGISTERED COhlPANY NUMBER: 00519230 (England and Wales) REGISTERED CHAAnY NUMBER.. 295104 R•port ofthè Trustse5 and Un?j11ed FinanEial stat0 lor thtyear Ended 31 Au9USt 2W24 for Steiner Vlaldort Fellrmship ited Sa¥tsbtsry & Company ChèrteredA(xxMJntants Insh Squa Upper Denboh Road StAsaph DenbwJWi iL17 ORN
StebnerWaSdorf Sch($ Fllow5hip rnited Contss)ts ofthe Financial StstErnents for the ytarehded 31 Au9usI 2ts24 Reference and Administrative Detsi 1 Report gf Ihe Trustee5 2 to 6 KIppEndent ExaminÈrfs Report statement ol FirortialA¢tsvit 8 8aianGE Sheet Notes to the Financial St¥lEnnts 10 to 16 DtsiJed Stat*mtttl of Financial Acbvities 17 k) 18
Sleinervlaldorfsthools Felluwship Limiled Relence andAdminislr3bv¢ Detai ror the year ended 31 August 2024 TRUSTEES NPBrett Ccwrt MA De Wmter PA Georgh48des 118r241 E F Taylor DFWI EsJ*5 B WAArnokJ Ires•Jned 118r241 AV M Retsr lapFontrd 118r241 COMPANY SECRETARY F Ru55dl REGISTERED OFFICE Sa115bury & Co Irh SqLO 5LAsaph Denbwn5hire LL17 ORN RESIts COMPANY NUM8ER fX)519TJO aThJ waS) REGISTERED CHARITY NUIIBER 295104 INDEPENDENT EXAMINER SalEbury & Company charteredAxntsn¢s Irish SquaTr Upper Dbh Road St aph Denbghshwo LL170R HSB¢ Bank pt T3124 Pa&Yirulon House Feslwal PL3ce 8asin9sioke ampsh RG21 7LJ
Steinerwaldorf S¢hools Felb•p Limited Rpportofthe Trust forthE year en4Jed 31 August 2024 The trth5tees who a also direGtDf5 of the charity ror pwpces of CorroaniesAct 2W6. present trrport Mlh the Iinanaal slalernents of the ctr4qnty for the yr ee1 31 u$l2024. Thp trusiees h2ve adopièd prwsions ol Accounliro and Reporting by Chanlies" SlatemeDI of ReoJnr(nd>J Pr¥tre applble lo ch3r.bes prepanng the4r acwunts in xcordance kne Finarval Rew)rbDg star¥Ja apk4KaUe pi UK Repubb¢ ol Ire[3 IFRS 1021 lÈffo¢lNe 1 January 20191- O&JECTIVES ANDACTIVITIES Objectives and aims ob¢ ol the Gharity are to prorTX)tp stoincrwalthrftyjuca7 in ts UKaThY IreLaNI. to hdp and a($ schoK)Is and èarfy yeats seitiry af¥J reprnsent stelrW(rf£l Ihe UK naiy)rty iniemabonalty. oblte$. $trat¢9ies and actNities The charity suoporfs Steiner W8kk>rfscfMx)L% a1 earty yoars settry5 pi Ihe h4hest quality of e¢uratK)n based ¢)n an anthroovsophical urvJet51anding ef chld de¥eknp£ftt. 11 cwdinates apd prtsvxSe5 teachtrr developr(fti. curriculum research. quality devenI arvj Ihe pr(wuon of(4as5room and organisabc>nal athnce and gUanCE. 11 supports govemÈncè ership ihrcKwJh the prtt ol tsnll¥J aThl ad athOLtes for sieifw Wak10rf Education wilh GoveroryDI. Ils agerKEs. Pariaffnl educatmal wodd. Publi¢ b¢Th The IrsteeS conlwrn that they have ¢umpbed ihe wuirementsoFseGtw 4 ChwtiesAcl 2011 to havE due règarf to Ihe public benefil guKJarLQ pufAi%hett by tr* Charity ComN$s lor Er and Wales. Pagt 2
Sl¢inerWa1dI Schools Fellrmship LimilEd Report olthe TrustEe5 for the year ended 31 August 2024 ACHIEVEMENT AND PERFORMANCE Charitsble aGtivtlies We have continued lo supp(Kt schoo15 and Earty Year5, seltrys in.. meeng high staNJards ol eltIOn arKS Organsalal effeclivpness". ImproMrHJ governare and fiDano31 Thanayetr£nt . Achieving successful IfLspects"m oulc£Thes. Ow support has Iude#". . A cornprehense prograrn ofT¢k Nttbngs fty S¢ aders. jrten Is. SENDCos. Desgnatsd Safeguardin9 Leads IDSLSI. mart¢?tirvJ professKNwLs. arxl bne$S managers. TFEse forums proviJ8d briefsngs. UateS. OpwrtUnrt to share 1 prthe. afyy muJal supwrt atrD5S all areas Df sehooi operations. Free awess lo theArt ol Teaching d&tsi ptsnniry t(K4. - subsided CPO programme ol trainiry and w%binars tosch)oW aTrJ se1tir. KleriW ns. available to leership learns. staff. an¢ trustees. - Subsidised a5$ to exlernal Irdinro progranyres in lrterxy and malhEmaks. Sounds Write ond Math5 for . Fate to facè trati)ing offered to all schools earty thadd Sett1r in Informed Practice. This work conbnues to suprrtyt llnproved Sch pwrorman. For a seco1 conseoJtNe y8ar. all sehooL% rfl the IndÈpendeni Standards and safeguardiro reqwerrenrs. Thi> remams the (2se for all schwls inspected by Otsled. Since yearend. of three schts)Ls IfLV¢tÈa by ISI nt>t rrtt standards bjt w leadership has since been appoiniÈd aryj an acJon pkn is plxe_ Oespile 01r0 challenges. the overall ouarrty ofJufXtrfJn ts)rttin to irrwve. Nolabty, Ihis year SteineiAcademy Hereford was ranked first In England by the Firer Srools Ir¥1ex. Marketing of SGhcols and Finan¢kryl Chall•nges Pupil recwitment rem8ins ¢nbc31 to S¢1 SlaInabaty. To swort in Ihi% ar. we established a PR ar marketing DelworkgrDup which has become a prcYu¢iwe INUM FoTsharirv4 elfectwe str8tegEs. We have ¥Eso offered tailored advi to indswdual sctrM)ols. Our natn¥ alumni campasn. dwetse carÈer5 of forrner Steiner Waioorf pupiL8. has Inspired some s(0L5 to bunch thrown ¥umni Inrt4tsves. Unfortunatety. Iwo furthpr 5choDk thsed Éuring the year due lo finantial pressures. Flrywever. other sctrwls began to see growth in pupil numbers. Towards ihe end ¢>f the fi[wnl year, rtw challenw ÈmÈrggJ with Ihe Labwr govemrrnl's announ¢menl that VAT exempbons lor mdependent So¥)1$ would >p rerntrd Irorn January 202$. Add11t37 Pressu arose frem a mid.yEar impknnenbtion of Incxeased Na1 InsurarKe conthbubcns effeclwe frDTn 1 Apnl 2025 Tp help 5UPP)rt 5thwLs and setirys Ihmgh these DAJge thang. we were ablp to arrange subsiili5e MeMbe1P for all schools for 2025 wth Independent SchooLq' Bursar$ASjCtlOn IISBAI and CCNNdinaied bespDke ISBA bnefin9s for tyjr schools. Teacher RecTuilrnent-A National S¢r•t•9y Teacher recwitmenl rernains a mah?r Chalnge. exacethted by a natonwkae $tsge arKI the sFecrf uiremenls of SlpitErWakknrt educafic>n. alOnw o)mpaRlivety fvjwe." salaries by our Sch1$. Follwro kne publKalion of ne Internation gutsnce in M¥ch 2023. pla(J"rwJ respthtstidity lorseltiryJ teacher train1r standards with national fe0erah.S. aNJ ethre Dx6uttabon with sthoLs. WÈ tsurhe a Nabonal Teacher Trydining and Reuuitrntrnt Strateyy. For the first trr. this sets r81 starS for leathereducabtrn in Ihp UK. The stralegy aims i¢ Improve Ihe prepatation ot rifrw tEaGner5 and SkLpwrt recruitwt ty re¢c¥tusiry onty ihose pr¢grarnmes oftenng nationalty recognised qualifications that enable ieactErs *thch in any 5clwl natK)nalty Intsm2bonalty. We also launched a n21tonal refxuitrnent c4mpa¥n in partner5hipwtlh Eteath. Thi5 initsabve SUPPDrt5 recruitnI by wdeIng the potenbal of apNKants arYJ dav8S traffK lo Ihe VValOorf UK and 10 thè wèDsites ol the MdNUal schools. 11 aLso prolewonalises IrE appTh2lK)n prre$s. Now in its SÈ¢0 ye8r we have extended this tampaign vrilh more schools tskiry part. Early Yeavs Support for Independent Kindergarters aNI Eartyyears prnctili(x%rs has axrtintsed successfvlly. With IrpeCt7 outcomes retnaining 51rong. ew EYFS paperwork W¥trtsJL¢td Ihe prevKrtts year has been fully embedded. Ne¥Tk ffleetirg5 have expanded 10 enable a TrrKJo of kty areas lo be expkved in oep¢h. trdnsitwjn work forthe cthrgtoup. ar¥8 kty)ttrgarteft pe¢3wgy. Page 3
SleinerWaSJort Scho$ Feltowship
Limiie<l
Report ot Ihe Trustee5
lor the year end 31 Augus12024
Five Indepen#enl kindergartens %%fe inspeued dwryJ the year. Iwr V+we rale¢'(kncf and one'Outsiandin9. Wl English
kindergarterbs are ncw raled &od' or'OulslaNir¥J' Èx<pi 0. which ts13ed to'ReqUi Improvement, bul meets all
Indepen¢enl Starvjarts.
Leadership Devfrlopment
Leadership and governar dewekwwenl aj chanp marwmenl Femain key WleS.
This year. we 5uprK)rteU tÈ8chers to allend e Bg 8 leIh1F progratDm2 rLm by Big Educatw. In ad¢ibon. we
arrangtrd fundin9 for two ID Partwate in Rethinkiry Sctrk))b. a prograrn Ihal brings logether staff From 10
schools ID work cdiaknratrvety oft schcM)I devdoprnenl prr4e£ts. Our nel%Ytyk rieeiiTV conbnue Ic be key opwrttsnibes ID
provide InLormatson ana supwrt ft5rsCf knders and we pThNYe IrMal 5UPPOrt as requesied >y $chocs.
Tru51e&s Tret¥¥¢rk oppOn&S wtinup to wovrded aWsKle ba5r Irdirung on e$ and r8spDn>blld5 of being
trusle&lgoverrK>r in a Stner WakS)rt schcd. HwNvgovemarKe supwrt isan area klentrfd a5 nelI1vj d2velopment.
Raising the Profile ol Waldorf Ertucatn in UK. Exlemal Relations and R¢brnnding
Our exlemal &rvJ•3ementwotk cOrrKIeS to gTh. to rai8e aw7renw and Ouild crndi>ilty for Waldort educatDn.
We rThaintèin reguL8r Con¢1 Zh Ofsle(l aritt the CwarttrEnl fLY IDtEI. and our execubve grcJup ¢onttibukS t
Deeper Leamrtg UK In ren b Eaty Year5 our etetnal partKipalh)n Irude$ ltre E3ffj, CTh11UThtsO(f Forum
nd ihe Earty Year5 coaliln. Wahdort UK was recenty irwited io pre5tsn¥ 10 ofFna15 3k>ry51de ouier lnrXabvÈ
edu&4ton provthr5. We hdve cotn(nb55theé irtepenLnl rese Io P4Dvth att evidence base 0 stspwrt our st
Steinerwaldorf S¢hools Fellowship Lirntted Report Off Trustees lorthe year ended 31 August 2024 PLANS FOR FLITURE PERIODS Activit$ planned to a¢hieve To conlinue lo irnproye 5UPPDrt for 50oDL5 in all aspects of tsrde¥dOprrL We are ddiverir¥J upoa the 3yèar strat89 plan lor202>2026. With the e51abli%hmenl of the Insh Wahjyl EduCationA5sccal7. ihe ¢bJèJsof thÈ tompafty bÈ urx12teo 1h prorr¥jITh of Sleinet Waklorf Edti0ft n Iland n9 rerTh)ved. Going Over the years the Fellowship has strengthen teserves ana put in financi pknniry to ensure we are a going concern. The Iruslee boty has been reforrfd to enable the work 1¢ w forward with a 5troryer marogerrnt. STRUCTURE. GOVERNANCE AND MANAGEAIENT P4ature ol goveming document The chanty is conlrolw by ILS govemmg dLmEnt. a deed pf tt. and cw6titirtes a linw¢ed company. limited by guaranlee. as defined by Ihe Corrpanes Act 2Crfts. StsinÈrwaoscTh0QlS Felk1P Limited ts a ComnY limited by waraft. govern by ts me¥)uM and arbcs of assock7iK)n. tt Is wisiefed charitywth Chanty CDrnmtssK)n. Recruitment and appointment of truSte•S The ctyjncil cor6i%ts of a maxTnyJm ol Aidmllual nc0 EMbErS ekraed or appointed as folkwts." - a of five persons electeLI by SCW mem$." - a MmuM of four olhw persons leach ol WI shrAJkY havoappmpnaie uTrJetsi8tithng i)f the Stner eth051 apwn16d by Ihe CoLmal. Each Counoi Mernber may knld three y8¥s lor mre itthe SCI¥M Klembgrs so d6id&l. tsJt shal be elKJibte for Organ8"0na1 strudu As the organisabon has $labl1 ised il trUCtUre and Ihe rw work vrilh SChcL8 has taken shape. Trustees have relumÈd to Fneeling Ihtee lireS a year in lffie 1h the Organi>a-s ofasswatDn. The ExecLrtW8 Group Tnpels regulady With TnJslees hawng tes$ 10 ffliule5. ExeurtNe Diredor skS frÈqueTTIty With Ihe Chair of Trus$ and Infomi$ Tftjstets ofoc¢urring i4sws 89 appropnaie. The aNI knergartens rkgrtialty fund thtr charity throlh fee conlnbuti)ns. Olhw Intome s through donatws, confere. ¢nb"ne trdinW P>?Th granl fuoLiTrJ. Induction and ttsining of new trustee5 trustees artr paired with an exisbng Intstee aThJ rrwtored uniA ty feel Cfrnfrb in tFirnew rol2. Aslaff and mbet5 har*book Ls gNen lo ifLtsiees aetsilm9 tr ope¢atsry V£edureS oflhe Ghaty. Arrangernents lor setting key m#n¥gement pfrrsonnpl remuneration Salaries are sei by truslees. The overall c1 of rerrnJrvaiK)n for IhÈ manaprnent of the orgaThsalon L8 £156.767. a SIht Increase on 1&5t year ol £11.777. Pa9e 5
sinerWaldt¥t schoo Fe1hip Limited Report ol uiÈ Trusthes for iheyear ended 31 AUg5t 2024 STRUCTURE, GOVERNANCEAND MANAGEMENT Major risks and rnanagernpnt of those risks General risk mana9emevt Thè Irusiees have a risk managernent strategy Compr8$ art eW ol e ns Ihe chanty may tsc&'. tfE eslablLshrnenl ol sysierThs aThJ precedures lo mibgale Ihe thnlrfd risks". ar¥J Il Mpkrnento1 of tre proredtsres desord lo rnlNMe any PDlential ITnpacE oft the ¢Naftty sho1 tFM)se rtsks matenahse. Mercury Provident Pension Fund Deficit Ittough this has now been SlaLFdd. * have 10 plèn for the 5% Increase trach yw. rePaft ardS tre end of',h Nèed io be factor8d In as i11 be 5ubslantsd. M¢mbeTship Subscriplion Fluctuation Membership subscnption5 are main atmj can fiucbjate accordiro to Ihe of sctrKN)L%. a concern ihe Iru51ees a bokp)g ai. FinarbGial rn$trunnts Objectives and ptsliGitiS The chariyi aCbvits expose rt lo a nurnber offinanCl rksk5 wl111[¥J credit r6k. cash fkyw risk and nsk. The use ol finan¢rdl uenvaLryes Is wvemeo by Ihe WK4e5 app¥Bo Dy we DDdr¢ gf tru5tEes. provwje wntten principles on the use of finèncl thri¥alNes lo manage ihe5e rW. The (Ority dcts use tlenwalNe finant&l instnJmÈnls for swcuL8tNe pwpose. Cash flow risk The charitys aClMl exp rt primarty io Ihe firrJaI r6ksel chan$ in fuevJn cJJrrerwexcharKJ8 ralps an¢$ inleresl rates. Credit risk The chanty5 pnncipal finaTrc4 asse15 a bank bakKes tash. and other rerryable. and Itrslrrwts. The chariws credit is Pfimanty attnbuiable to its trade receNarAes. The arrunts pTrsenled In the balaDc8 sheet ale Dot ol all0S for dodbffJl rocewabltts. An JltrA7nce tor Irnpairrreril wde where there L% an Kenblied bss event wh. based on previous eXOenen. is ewdence of a redu¢bfv in th& recoverdbility of the kn¥s. The ¢di1 risk on liquid funds ar denvaiNe financi¥ Inslrumeryls ts lirnrte(I bet¥LLse ihe countsrpartie5 are banks Wth hvjh ¢redil-f8iings asSned by Hilernatsonal ¢xedit-ing agencles. The chanty has rm) 5igrufK3nl COntsntrat Df credit rsk. with exFosufE $r1 overa targe number of counterpartses È CUsr(r5. Liquidity risk ID orttor lo maTr)tain liquidity to ersure Ihal suffictnl a avathble fororvjtxw operabons aThY fijttsre deveknpments. the charity uses a mmlure ofiwrm and shDrt.tetTn de)1 hnance. Further deiails regartling Ilty risk can be uno In the Staternenl of xcowitrrfj wleS in tFE finafitial $&iements. AppFoved by order of fNJaro of trusteesrxi.......... .. arKJ nerf betlf by. D F 8alS-Trustee Pa9e 6
Independon¢ Examinerfs Report to the T¢v$tws of SleinerWaldorfSchools FellohIP mited Intlependentexaminee¥ report to the tteeS of Sletner Waldorfhog1s F10hIP Limited fthe Company'l I report to IhE thariiy IrusteÈs on my examna)Th of tr actots O., the Cotnpany for the Èndee 31 August 2024. Responsibilities and basis of rEPOrt A5 the charitys trustees of Lle Company ld 0 its dire(J£xs for tf wJ¥wses t)f ¢otrynylwwl yw are re4X>nsib for Ihe preparatKx) of ihe ac¢ounts in accordance reqMts of CtsnpansAct20061ts )BAcl. aving satlsfied myself Ihat the accounts of Ih2 CiynpanyarE not requwed to be aLxlited urmler Part 16 01 the 2006 Act an¢ are elgible fDr Indendent examinabon. I report in respect ol my eLwninatioTr ol your charws accouft15 as r¥rried out undet Section 145 ofthe CharitiesAct 2011 llhe 2011 Acf). In carywr9 Out my examinaton I tthfts blkwed In8 Dire¢in6 given by Ihe Charity C1)mm¢sry under SectvJn 14SISI Ibl of Ihe 2011 Act IndBwnd8nt examinfrrfs tststement I have completed rny examinatvn. I confimi Ihal r(• rnatlers have corr to my attentA)n In conwbon wlh the èxaminal giving m& caus& to bdi8ve-. 1. aco)unlfftg records %4re not kept in raspect of the Cornpany as required by Section 386 of Ihe 2006Ad." or 2. the actnts do not Cllrd %Mth IIK)se rerts". or 3. the do r1 ¢x)mpty wth the 8CLx>unbry requifEmefits ofsecti¢)n of 2A¢t Ihan ary reqil1rerI thal Ihe accounts gwe a tr aThJ tsir vWW¢h È% a mallercrmsHJertd 85 part Df an independent Èxaminaiion." or 4. th8 accounts have not teen prepared in accordarte th8 melFKxls ar PrAp of the Slalemenl of RecDrnrnended Praclice for accounting and reporttng by chariles lappKc¥bte to chaftbes prepanw their acc¢)unis in accordarK8 vAlh the Fy)artial Re[[r¥4 Standard abI2 in VK RepublK of IreiAnd IFRS 10211. I havÈ no tortèms and have ojrne arr( no other rnatlers fft coftrtction examination toWhh atteDton be drd%Yn in Ihis rewrt In rKder to enaWea proper LpiderS9 Of aLuyJnts lo be aChed. Salisbury & Company 611r SolutK>n5 Limrtwl Salisbury & Ctsmpany Chartered A¢covnt8nts Irish SqutrB Upper Denbwjh Road SIAsaph Denbighshire LL17 ORN zÉ/,/
stwner Waldorf S¢hool$ Fellowship Limited Statement ot FiTharial Aclivits for th¢ y&lT ended 31 August 2024 2D24 Toial lund5 2023 Total funos Unre5knd fund £ ReS&ricied fufyjs £ Notes IMCOME AND ENDOVIMENT5 FROM tsna1w and kgaoes 179.638 179.638 449.791 chori18b activities Charitabk aGtwilie5 59.578 59.578 128.682 Investment Income 970 Tolal 239.216 239.216 577.443 EXPENDrfuRE ON R21sing fun(ts 50.149 50.149 72.D77 Charitable actNit5 Charitable actsvil5 271457 271.457 3.808 236715 3.559 Total 325.414 325.414 312.361 NET INCOMEIIEXPENDITURE) other recognised gain51llos5es1 Actuanal gainsllk)ssesl on defiTd DeneTrt 186.1981 186.1981 265.082 1143.7741 Net movement in funds 186.1981 186.1981 121.3D8 RECONCILFATION OF FUNDS Total funds brought forwa 219.533 219.533 96.225 TOTAL FUNDS CARRIED FORWARD 133.335 133.335 219.533 The te$ f(Yrn wlof Lxese stst¢mÈnts Page 8
Stelner Yaldort Schools Felluwship
Limiied
Balance Sheet
31 Auyusl 2024
2024
TD
luTrY5
2023
Toi
fuThY5
fur £
funds £
No
FIXED ASSEYS
Inlawible asse
Tangib assels
31.916
31.916
1.8
40.317
712
33.769
33.769
41.029
CURRENT ASSETS
Debtors
Ch al bank
10
64.177
64.177
330.095
115,798
427 966
3942r2
394.272
.764
CREDITORS Amounts fallir¥J due
Ihin one yr
115.9261
115.9261
161.2601
NET cURRE(ASsET$
378.346
378,346
TOTAL ASSETS LESS CURRENT UABILrrTES
412.115
412.115
523,533
PENSION LIABILrrY
1278.780)
1278.7801
1304.(J)
NET ASSETS
133.33S
133.335
219.533
FUNOS
UnrtsinciÈd funds
133,335
219.533
TOTAL FUNDS
133.335
219.533
The charilable o)rnpany entitd lo èxempt trom aLKlil uThJer SÈcthon 477 Dflhe comnIesA 2(KJ6 for the year
ndeé 31 August 2024.
The members have not wuld the company lo obtsift an of its fir4y
si•inef bV¥ldtsrt Sch¢xbts Ftllowship Limited Notss to the Financial Slarements lor theyoar ended 31 Auyust2024 ACCOUNTING poLlEs Bas of preparing EhE firtancrdl statements The fin2ncial 51alements of Ihe thattsble coryany. wfvch s a wbbc bèDefil en)ty urwJeF FRS 102, hQ pared In accoNJ8rt8 Mlh Ch8ri1s SORP IFRS '.O21'A¢¢wnlirg aTrY Rewrting by chart$ Stslemenl of Recommende¢ Pract appICab to chHnlies wepanrvJ Iheir ac(x)unls th accordants the FInaral Rewrting Standard applica the UK aryJ Rewbbc ?[ Irelat¢ IFRS 1021 leffe¢twe 1 January 20191.. Finan1 Reporbng Standar¢ 102 Tre F¢ronrJal Rewrtmg Sndard in.he UK a1 Republ of Irend. aThJ the Companies Aci 2riJ6. The fv)aftoal Stslerfnts have been prepwed uThJer hstorKal cr61 nVeknn. Going concern The trustoes corLsider that there a rn malerial urwt•nbeS the atxlty ID continue a5 a gong Conrn norany synificanl artra5 of UrtTrty aifect t4rryry valL of assets he Dy charty. Income I illcorne recogn ffi tl siaiEwwI of Financi¥ A¢btieS thice the chanty has eniiuement lo kne fun¢5. 11 Is Probab th81 the Income will bp r6reNeil aDd armuni can be measureo relhaLty. Donations and le9acies Donabon5 are recognsed whem chanty r$ tseen notW fft wnbry ol both Ihe amcunl and se1yenI dale. In Ihe event ihal a $ subject to roThYi'.ions that requiro a ot p¢rforrnar )y cnanty before the thytity L% trftlided 10 the funds. the i¢Koma s dele and not recognid tsrytil erthcr 10se conLlibtrns a,-tt fulty mei, or tre lulfilmenl of those (x>p.dibgn5 LswhiAty wthin ts Gortrol of the chafiiy it wobabk that these ConditnS 11 be In reptsffjr¥J perth. Legacy gifts a renett on a Lase by case bass Ihe graNol probate Wh Ihe adminL8iratorSexeculor the eslale has communicate(I In wnhng lThe aThK)unl 8tHY seiienwl dale. lfi the evefti that the 41ft s In the form oran asset olher Ihaft l3S or a Iina4oal asset traded Dn a".erx>gn15p¢ sLock exchange. recw1tD is subftct lo t valw of ihe gift beg telia.ty mèasurabLe ,.h a degree ol reasonab accuracy and the trtle.io the assel hang been tr3n5farpa io tr tharty. Grants receN3ble Granis arc vrt¢n the ¢haiity has an entittÈNnl to Iwd5 e4)ryJilKwLs btthod lo thtr 9tants have been mel. Vvherc pcrformance 1110[ are allached to the grait an¢f are yet lo mol. Lncom rwnLse¢ as a liatslty and Induded on the klan sheEt a5 defwred i?wrre io be releèsed. Investment irw 01vents are rewynL8ed ortÈ ts dNK#ond has en dedared notfjKat h3s reGeN of the dNKlend due. ExpenditLtr¢ Liabilibe5 a recogrwd as eXPpr1$Ure as as Ihere L% 8 legJ or truCts¥e obly1 Ihe charity Its that exptrndilure. il k% probable that a l?nsfer ol erorn tsfits will be reouired In seniemenl and I arnount of the obTNJal Lzn wsured relobly. Expenoe4ure is accounted loron an accn5aL% l>ass and has been dass..Iied under hea¢irwJ5 Uwl aggpgate all tX>51 tELed 10 tne caie90ry. WheE coss CaThl be direclty attnbutÈd to pafbc¥lar headws Ihey have been allctsted lo aCtiviS on a bags J)nsisteDlwith use of source. wth ntral 5talE Costs alktsied on th& bass o,. b(r snI. aid deprecraKJn charges alkxéted on th portDn ofthe assefs use. Other K)rtIa)Sts are allocatÈo on ts spread ol costs. Charitable activtlies Chantae expeDdiluFP oJmpnses baose costs Incur by the charty ¢D the dNery ofi15 activJtl<$ ano SWVi¢es for rts beneficiares. 11 IdeS both eosts can aktsted threcty lo activrtEs and costs ofan Indirect Thaiure r¢¢essary to support them. Support Costs Supwrt costs ittlLoe centrat fun¢tiorG and have bn alk)cated cosl r#le9orÈs en a basts cons'.stenl ih the use of resources. lo". examp. alhxabrg ?ropefy ojsts by fiwr areas. Dr ppr ca?Ita. siaff tosts by the time spent and OlherS¢S Dy their u$89e. Governance costs Tntrse [lUCt the costs aNnbulable o the char.vs ctrylonGe wilh L¥)nsI IJrtaI ar)e statLW reqUirnents. including audil. slrdLegic rnaTr¥gctr¥ml an¢J trustss's r1ebr5 and rewnbur5ed expenses. Development costs Intst%Jitsb aESOts we measwed al cosl Sèss ac¢uMUted arxl wy a¢oLmuth8leil Irnpairmenl se5. Page10 conlinlI...
Steinerwaldorf Sch(x)Is Fellowship Llmitsd Notes to the Financial Slatements-continued lor the year ended 31 August 2024 ACCOUNTING POUCIES- continued Dwelopment costs rtisati is charged frcrn &55et 6 tol into use. over the yea Website and rebranding Ctyftculum Planning Pklfonm Speak Wrile Read reIerS 5 years 3 years Tanyible fixed assets ()eorpoati prowdl at e fol%Mng rales order to write off each asset over its eslimatod usoful Sfe. Fumiture and Equiprrent - 33% on ctst 12% on 5t Taxation The Charity is exempl trorn corporation lax on its chantsbla acbtses. Fund ae¢¢)unting Unrestnded furx1s r2n Je usuj In acterdan ilh IhÈ charilable obJ"edT4es atlhe dtsrXegn of trvstees. Re5trthd luFKIs can onty be uwl fDr pHrtwbr strtea wrrK)ses th1Th tr 0eCts of ¢ty. RestN(on8 whon Specif by the doworwhen fvnds arÈ for parbcukr re51ricled purposes. Further Explana) of IhE nattKe and purroseof each f i5 induded in ts Th)tes 10 the financ ststemEntS. Trade debtors Tradè debloFs a anvJunts ¢lue frorn ¢ustrffier5 for1e sthJ or sefViCQS in tho diDry cwrse of bne$s. Tracle debtors are reCognad ini10ty al tr¥n5acbon P[e. a pru¥isK)n lor the impairrrtnl oftr¥de d•btors Is eslablighad Ihw? LS Dbjectsve evidee Ihat Ihe rhartywdl rKst b? lo colW al amtyjnts du8 acc¢yding ltr inè otyinal terms of the receNabks. Cash and eash •quNal¢nts Cash and cash equNalents cash on and cal (Jeptits. and other short4errn hghty Ikwx Inves1nts that are adty c(KNerts>è lo a amount of cash atvj arE suecl to an 1rrf1Canl nsk of change In val. Trpde ¢reditpr Trade itorS are oiAigakons lo pay for goc& or $emS Ihai have bEen acquire(I In or¢inary cJ)urse or business Itom suppliers. Auxunts payab arE da551 as cr1 habilibes if the chanty éoe5 nDI have on Ur0ndiJnal rohL at the en(£ of the reportiNJ perv)d. lo defersetllemenl of the credrtor lor al asi twebie nths alier Iht rewrtlw dale. 11 I1 an Ur0rtnal rbjhl lo def¥ ttr[nI IDr3t Ist twdve InthS after the reports date. they are presented as Wpcuffent kabbe$. Trade uedilN5 are recogrrised Inith8Uy at ts Ir8nsa¢tr)Tr PFI. Borrowings Inieresl4eariry borrtThyin95 are insbaty recrthd atfwrvaW. net o[transxft c4)Sts. Interest-btraring borro$ 8Fe sub5pquenlty (3rried al arwrti5eL£ cost. Ihe drfferertt bewn pr(xeds. rel of transac1h costs. and the amount due )n redernp1n tron9 wnised a5 a charye to Ihe Slalerrenl of FIrhall1¢IrVl0S over the kww)d orthe botruwrs. Inieresl expertse ts rwntsed on bass ol etfectNe ittteTrst melhjd and is induoed in inte1 pay3blE arKI simir Charges Borrowws are ejasstheo as uJrrÈnl lthilitts unless the chanty ha& an unctrKtional nghl lo delersetvernentol the lbilItY for al least Wie rronths after thè reTKNtirvJ date. Ptftsion costs and other p05t4etiremeni bEnefft5 The charity bebngs to the Mercury Provi(sÈnl Pensw SthÈmp. whth i4a defined beneffl str*me and a For a numberof empb)yers. Page 11 continued...
SttrinerwaldortSG1HlS Fellowship
rnited
Noles to the Financial Statements. contlnLd
for yearendpd 31 August 2024
ACCOUNnNG POUCIES- ¢ontinLd
Pens&on ¢osts and other post-retirement b¢n¢fits
Because ol kqrge ftrr d. participabro empbyer5 and Ihe ol Aianoal reportsng dates. rt has ml been
deer4 pr8cbcats or financialty LO FrtsJuce;bÉ mformalw necessary lo allow participating employers lo
Corn fullyh the requirerrent5 Qt FRS102 The per5 costs Chaed In the lsnHDual stalenIS:bere11)re
represefti contrbubDnS Ptyabltr by th2 charrty tJuAhg u year up unlil tsan>tnal adjus1nI been made
In 2017 and 2019 annual attouTrts re$tyr cornparauves by accountiw for Steiner Y21¢01[ SchwL4 Fell(yw5hips
share of Ihe deftal as a cos1 arwj liabty Ir. futurE all Bnnuat conknbukn)s wll de¢J8¥se tr dtrScil up UTh1 Ihe nexl
lriennal acLuar&31 valuaklw due as al DecEmber 2024. wtrere'.he Corrle¢ value moverTEnl w.11 be expensed or
incofft In finartk21 S&en to briry Ihe Iaty m l¥)e %wth the laiesl valuakn.
The teSt thennial acluanal valtjabon a5 at 29 DeIllber 2021 51vyrt a stheme deficit of£12.9 millK>Th. Pension
scheme ¥sets are valued a'.fairvalue att valuatrjn dale. Pengon scheme liabilities are measured on an
actuanal ba5LS ung the proiecied unit nihod aDJ are #iso)unled to tr ?resenl valJe.
The Scheme truslees ar partsapaling Employets detydfrd 10 clo$8 Ihe s&Yrne ID further benefrt acuual on 31
Dettmber 2G08. and future con1nln eLS be kaLed so a5 lo diminaie the scen del1 over an
aged pen(yJ.
To replace this sclwne the cjwty ha5 St up a rJoFineil penswjn schewÈ for whh all staff are eljgible.
The pewon costs chaw in ihe financi str1EnL tepr2sÈni IDe CGnIntorts pa>2Die ty tre chanty dunng the
year.
Financial instrumeftts
Finarbual asseis and finanoal Ie5 are recryn¢ed when the chawity beu)rys a paty 10 th8 contractu
provisK>ns of the ln5trurynI.
Finaroal IHbil..tses and equity Irtsuuments are accwdfftg l? tre sub51ance of conlrartual
arrangements er.iered Into. An tsIty Ill5trumethl Is any Coftltscl thal evthrtts ¥ residual inkresl.'n the assets ol
It (ha¢ity after deéu¢ting all ol its lh3barS.
RÈcogrition and measurement
All finanu31 asseis and I1[11 are inrtialty rrwsureLI 8t irènsaclw)n Iindtsdiry Irawctn ¢05tsl. exp1 IDr
InD6e finanry¥l assets classified as at lairvalue through profil or k)ss. wi( aftr iftiti?lty al 3r val
rK)FTnally ts IransacL¢n pTh ¥
stei•erWaldtsrfSthorA5 Fellowship Limited Notes tts the Finan¢Éal Statements- continued fof the yr Èodtd 31 Au9USt 2024 DONATIQNSAND LEGACIES 2024 2023 Donahons Legacies Graftts Conlributiw6 frrKn schc4 5,895 269.958 2.600 173,558 173.938 179.638 449.791 Grants rec£wed. Y)dJd the alThe. a a5 folkME'. 2024 20YJ Otref grants 2.600 INVESTMENT INCOME 2024 2023 Deposit account Inleresl 970 NET INCOkqEIIEXPENDITURE) Nel lncome1luJrel is slated after cha(*). 2024 2023 Audito. remUr¢31j DepretiaiM)n. cywned assets Room hire Devtrlopmenl costs arrttsabll 3.613 583 174 121 3.073 10.620 TRUSTEES. REMUNERATION AND BENEFftS Tre V4Ere IFU5tees' rernuneral wotsrterrts fcrf YeartNo 31 A512024 Tr)r tor year ended 31 August 2023_ Trustees. expertses Tfusl8es' expenses of £566 paKI dumg Ihe yearl2D23. e4961. STAFF COSTS Th? av8Yap rr¥)Nthty rwmberof ernpknyees durry Ihe year was as foknvs." 2024 2023 EXUl1Ve Diredot EduCatn tsordinator Isthrthl Educatn Ctroroinaior (Earty Yeats! Finance & OperaiK)ns Marpger No empbyees receNe¢ enWJm8nts tt) excess of£60.OCIJ. Page13 ¢onlinuod...
stsir¥•ldthrf Schools FellohIP Limited Notss to the Finan¢ial s1ateD*nts-ntbnUed for tyèat èndÈd 31 AugLtst 2024 COMPARATIVES FOR THE STATEMEKF OF FINANC14LACTNmES u1Cled Resiric:ed fuThYs Tokl funds INCOMe AND ENDOWMENTS FROM Donations and aaceS 449.791 449.791 Charitabl• activities Charilable actIve5 126.682 126,682 Investment incoft 970 970 Tolal 577.U3 577.443 EXPENDifuRE ON Ratsing fJrxts 46.601 25.476 72.077 Charitsble actLVlties 236.715 3.SS9 236.715 3.589 GoverTrar costs Yotsl 25.476 312.361 NET IN¢OMEIIEXPENDITUREI Other recoynised 9ainslllossesl Actuanal gainsllbssesl ts) defined nefit 5chernes 125.47£1 265.082 1143.7741 1143.7741 Net movement in funds Y46.784 125.4761 121.3DB RECONCILL4TIOM OF FUNDS Tol31 fund5 brouahl f¢Kwdrd 72.749 98.225 TOTAL FUNDS CARRIED FORYIARO 219.533 219.533 INTANGIBLE FIXEO ASSETS Developrnenl costs COST Al I September 2023 Addil..ons 50.937 3.900 Al 31 Augusl 2024 54.837 AMORTESATKIN At 1 September 2023 CXar9e foryeat 10.620 12.301 Al 31 August 2024 22.921 NET BOOK VALUE Al 31 Augv512024 31.916 At 31 Augusl 2023 40.317 Page 14 coniinaod...
Steinerwlatdorl Schools FellEb1P Limited Notes to the FITnal StaterDents-¢tsNlinuEd lor tho yar ended 31 August 2024 TANGIBLE AXEDASSETS Furniture and eqUiprynI COST At 1 Septemoer 2023 Ad¢ity)r 11.294 1.724 Ai 31 Augu512024 13.018 DEPRECIATION At 1 Seplernber 2023 ChaTge IDryear lo.2 583 Al 31 AJgusl 2024 11.165 MET 8OOK VALUE Al 31 Augusl X124 1.853 At 31 August 2023 712 10. DEBTORS.. APAOUNTS FALUNG DUE vKfHIN OME YE4R 2024 2023 Trade ¢eblors Prtrpaymtrnts and arcwed incrMre 47.156 17.021 101.982 13.816 64.177 115.798 11. CREDtTORS.. AMOu1s FALUNG DUE TrHIN ONE Y&4R 2024 2023 Trdde creditLY5 So31 security and other tayes DÈferred Income A¢¢rued expertses 13.539 1.018 28.757 13.099 12,3C6 1269 15.926 61.260 12. IOVEMEltr IN FUNDS rMvemenr in funds £ At 3118r24 At 119123 ntrIcted GÈnÈral fund 219.533 188.1981 133,335 TOTAL FUNDS 219.533 186.1981 133.335 Nel mo¥ement In funds. induueo di are as Éfdbws. Movemerst in furth Unrestricled funds Gener81 und 239216 1325.4141 186.1981 TOTAL FUNDS 239.216 1325.414} 186.1981 P8ge 15 nlinue¢...
Steinervhldort S¢hools Ffrllowship Lirnited Notes t¢*th& Financi41 Ststemenls. contirtut for the yr end2d 31 AugUSt2024 12. MOVEMENT IN FUNDS-¢onlInd Comparativ•s for rTh?vEmertt in lunds Nel svemenl Al 3 118f22 Al 119122 Unrestricted fvnd5 Cra1 lur 72.749 146.784 219.533 Restricted lunds Canterbury Trustee 25.476 125.4761 TOTAL FUNDS 98.225 121.308 219.533 Cornparatbve net nk)vemert In funds. In the abDve ar2 as f.. Inayv."tvJ Resources Ga".rts ar MovemtsDI In funds Unrestrictpd lunds General fund $7r.443 1286.8851 1143.7741 146.784 Re5tri¢ted fvnds anterbury Trustee PS.4761 125.4761 roTAL FUNDS 577.443 1312.3611 1143.7741 121.308 Funds in relation toyear End 2023r2024 Anthrop050phiGal Society TheAnr{)sOph1cal S¢ciety provK1ed a grail lowarits ¢osi of the Exerartwe GThp attenthNJ Worthde Teacher Education COnler2r In Domach. swidar. Freunde dèr Erthhungskunst RudOlfsterS Thts was a dona&in towards %r 13. RELATED PARTY OISCLOSURES There were no lated party transa¢tions for the year ended 31 AugLtsI 2024. PwJ8 16
Steinervlaldorf S¢hoDls Fellowship Limite l)elaÈled slateme of FinarKi31 Aclivities lor the year ended 31 August 2024 2024 2023 INCOME AND ENDoWkIE Don4tloDS and 18ga¢itis Donation5 Legacies Gran15 Conlnbulions from schw 3.480 5.895 269.958 2.600 173.558 173.938 179.838 449.791 Investment income Deposit account In1 970 Charitsble ¥divrt Art of Teachi Training for schools Website Adverknsi Publicalions conferen and fees Other Income TÈathÈr traini 13.099 26.589 18,370 40.399 396 11.817 6.595 49.105 3.199 $.992 59.578 126.682 Total incomithg resources 239.216 5T7.443 EXPENDrruRE other trdding activit*s PUbltionS aTrd conferences Training for Schoo Art ol Teaching 12.657 27.033 10.459 18.273 48.930 4.874 50.149 72.077 Suppori wst$ Management Wages Social sprojrity Pell510ns Roorn hire Irwrance Tekph AertisIng Sundritrs Educational research Travel and subsisience Office expellses Subscriplk)n$ l81 and professional Sub conlraclfKs Consultancy Recruiimtni Bad DÈbts Executive Grotsp Developmenl ¢ost5 amorttstion C8med forward 152.728 11.1gJ 140.677 10.535 4.313 174 361 1.030 1.019 339 1.051 8.944 771 9.559 11.235 1,615 13.225 30,031 S.T16 40 12.630 3.048 12.301 270.091 11.759 16.5991 480 11.3851 2S,60S 14,328 71Q 14.004 10.620 236.181 pa90 docs Thol form of the sta1ut0ryfitr stalemenL8 P3ge 17
Strinerwakjotf S¢hod$ Fellowship Limited Oetsited Stalemenl of FinarKial kntivitie$ for iht year eoded 31 August 2024 YJ24 2023 an8rneI Brought forward Compuier deprecratitin 270.091 236,1B1 238 270.674 236.419 Finance Bank charges Other intefÈSI 783 195 303 978 792 Governance ¢os15 Audiiof5' rtrmurEration 3.613 3.073 Toltl resrceS expended 325.414 312.361 N¢t l¢Xpendituro1nrn¢ 86.1981 265.082 T$ dces rK)t,'orm ffI olltr* financ481 slaterDènts Page 18