REGISTERED COhlPANY NUMBER: 00519230 (England and Wales) REGISTERED CHAAnY NUMBER.. 295104 R•port ofthè Trustse5 and Un?￿j11ed FinanEial stat￿0￿ 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(￿$ F*llow5hip 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¥lEn*nts 10 to 16 D*tsiJed Stat*mtttl of Financial Acbvities 17 k) 18 Sleinervlaldorfsthools Felluwship Limiled Rele￿nce 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 Rets￿r lapFontrd 118r241 COMPANY SECRETARY F Ru55dl REGISTERED OFFICE Sa115bury & Co Ir￿h SqLO 5LAsaph Denbwn5hire LL17 ORN RESI￿ts COMPANY NUM8ER fX)519TJO aThJ wa￿S) REGISTERED CHARITY NUIIBER 295104 INDEPENDENT EXAMINER SalEbury & Company charteredAx￿ntsn¢s Irish SquaTr Upper D￿b￿h Road St aph Denbghshwo LL170R HSB¢ Bank pt T3124 Pa&Yirulon House Feslwal PL3ce 8asin9sioke ampsh RG21 7LJ Steinerwaldorf S¢hools Fel￿b•p Limited Rpportofthe Trust￿ forthE year en4Jed 31 August 2024 The trth5tees who a￿ also direGtDf5 of the charity ror pwpc*es of CorroaniesAct 2W6. present tr￿r￿port Mlh the Iinanaal slalernents of the ctr4qnty for the y*r e￿e1 31 ￿￿u$l2024. Thp trusiees h2ve adopièd prwsions ol Accounliro and Reporting by Chanlies" SlatemeDI of ReoJnr(*nd>J Pr¥tre appl￿ble lo ch3r.bes prepanng the4r acwunts in xcordance ￿ kne Finarval Rew)rbDg star¥Ja￿ apk4KaUe pi ￿ UK Repubb¢ ol Ire[3￿ IFRS 1021 lÈffo¢lNe 1 January 20191- O&JECTIVES ANDACTIVITIES Objectives and aims ob￿¢￿ ol the Gharity are to prorTX)tp stoincrwalthrftyjuca￿7 in ts UKaThY IreLaNI. to hdp and a($￿ schoK)Is and èarfy yeats seitiry af¥J reprnsent stel￿rW*(rf£￿￿l￿ ￿ Ihe UK naiy)r￿ty iniemabonalty. obl￿t￿e$. $trat¢9ies and actNities The charity suoporfs Steiner W8kk>rfscfMx)L% a￿1 earty yoars settry5 pi Ihe h4hest quality of e¢uratK)n based ¢)n an anthroovsophical urvJet51anding ef chld de¥eknp￿£ftt. 11 cwdinates apd prtsvxSe5 teachtrr developr(*fti. curriculum research. quality deve￿￿nI arvj Ihe pr(wuon of(4as5room and organisabc>nal athnce and gU￿anCE. 11 supports govemÈncè ￿ership ihrcKwJh the pr￿tt￿ ol tsnll¥J aThl ad￿ athOL*tes for sieifw Wak10rf Education wilh Goverory*DI. Ils agerKEs. Pariaff*nl educatmal wodd. Publi¢ b¢Th The Ir￿steeS conlwrn that they have ¢umpbed ihe wuirementsoFseGtw 4 ChwtiesAcl 2011 to havE due règarf to Ihe public benefil guKJarLQ pufAi%hett by tr* Charity ComN￿$s￿￿ lor Er￿ and Wales. Pagt 2 Sl¢inerWa1d￿I 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.. mee￿ng high staNJards ol e￿l￿tIOn arKS Organsal￿al effeclivpness". ImproMrHJ governar￿e and fiDano31 Thanayetr£nt . Achieving successful IfLspects"m oulc£Thes. Ow support has I￿￿ude#". . A cornprehens￿e prograrn￿ ofT¢￿k Nttbngs fty S¢￿ *aders. ￿j￿rten *￿Is. SENDCos. Desgnatsd Safeguardin9 Leads IDSLSI. mart¢?tirvJ professKNwLs. arxl b￿ne$S managers. TFEse forums proviJ8d briefsngs. U￿ateS. OpwrtUnrt￿ to share ￿1 prthe. afyy mu*Jal supwrt atrD5S all areas Df sehooi operations. Free awess lo theArt ol Teaching d&tsi ptsnniry t(K4. - subsid￿ed CPO programme ol trainiry and w%binars tosch)oW aTrJ se1tir￿. Kler*iW n￿s. available to le*ership learns. staff. an¢ trustees. - Subsidised a￿5$ to exlernal Irdinro progranyres in lrterxy and malhEmaks. Sounds Write ond Math5 for . Fate to facè trati)ing offered to all schools earty thad￿d Sett1r￿ in Informed Practice. This work conbnues to suprrtyt llnproved Sch￿ pwrorman￿. For a seco￿1 conseoJtNe y8ar. all sehooL% rf*l 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 rr￿tt￿ standards bjt w leadership has since been appoiniÈd aryj an acJon pkn is ￿ plxe_ Oespile ￿01r0 challenges. the overall ouarrty of*JufXtrfJn ts)rttin￿ to irrwve. Nolabty, Ihis year SteineiAcademy Hereford was ranked first In England by the Firer Sr*ools Ir¥1ex. Marketing of SGhcols and Finan¢kryl Chall•nges Pupil recwitment rem8ins ¢nbc31 to S¢1￿ S￿laInabaty. To swort in Ihi% ar*. we established a PR ar marketing DelworkgrDup which has become a prc*Yu¢iwe INUM FoTsharirv4 elfectwe str8tegEs. We have ¥Eso offered tailored advi￿ to indswdual sctrM)ols. Our nat￿n¥ alumni campasn. dwetse carÈer5 of forrner Steiner Waioorf pupiL8. has Inspired some s(*￿0L5 to bunch th*rown ¥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[wn￿l year, rtw challenw ÈmÈrggJ with Ihe Labwr govemrr*nl's announ¢*menl that VAT exempbons lor mdependent So*￿¥)1$ would >p rerntr￿d Irorn January 202$. Add11t￿37 Pressu￿ arose frem a mid.yEar impknnenbtion of Incxeased Na￿￿1 InsurarKe conthbubcns effeclwe frDTn 1 Apnl 2025 Tp help 5UPP)rt 5thwLs and setirys Ihmgh these DAJge thang￿. we were ablp to arrange subsiili5e MeMbe￿￿1P for all schools for 2025 wth Independent SchooLq' Bursar$AS￿jC￿tlOn IISBAI and CCNNdinaied bespDke ISBA bnefin9s for tyjr schools. Teacher RecTuilrnent-A National S¢r•t•9y Teacher recwitmenl rernains a mah?r Chal￿nge. exacethted by a natonwkae $￿tsge arKI the sFecrf uiremenls of SlpitErWakknrt educafic>n. alOnw￿ o)mpaRlivety fvjwe." salaries by our Sch￿1$. Follwro kne publKalion of ne* Internation￿ gutsnce in M¥ch 2023. pla(J"rwJ respthtstidity lorseltiryJ teacher train1r￿￿ standards with national fe0erah.￿S. aNJ ethr￿￿e Dx6uttabon with sthoLs. WÈ tsur￿he￿ a Nabonal Teacher Trydining and Reuuitrntrnt Strateyy. For the first trr*. this sets r*￿￿81 sta￿r￿S 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 recruit￿nI by w￿de￿Ing the potenbal of apNKants arYJ dav8S traffK lo Ihe VValOorf UK and 10 thè wèDsites ol the MdN￿Ual schools. 11 aLso prolewonalises IrE appTh2lK)n prr￿e$s. Now in its SÈ¢0￿ ye8r we have extended this tampaign vrilh more schools tskiry part. Early Yeavs Support for Independent Kindergarters aNI Eartyyears prnctili(x%rs has axrtintsed successfvlly. With Ir￿peCt￿￿7 outcomes retnaining 51rong. ew EYFS paperwork W¥trtsJL¢td ￿ Ihe prevKrtts year has been fully embedded. Ne￿¥￿Tk ffleetirg5 have expanded 10 enable a TrrKJo of kty areas lo be expkved in oep¢h. trdnsitwjn work forthe cthrgtoup. ar¥8 kty)ttrgarteft pe¢3wgy. Page 3 SleinerWaSJort Scho￿$ Feltowship Limiiey $choc￿s. Tru51e&s Tret¥¥¢rk oppO￿n￿&S wtinup to ￿ wovrded aWsKle ba5r Irdirung on *￿e$ and r8spDn>blld*5 of being trusle&lgoverrK>r in a St*ner WakS)rt schcd. HwNvgovemarKe supwrt isan area klentrf*d a5 ne￿lI1vj d2velopment. Raising the Profile ol Waldorf Ertucat￿n in ￿ UK. Exlemal Relations and R¢brnnding Our exlemal &rvJ•3ementwotk cOr￿rKIeS 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 re*￿n b Eaty Year5 our etetnal partKipalh)n Ir￿ude$ ltre E3ffj, CTh11UThtsO(f Forum nd ihe Earty Year5 coalil￿n. Wahdort UK was recenty irwited io pre5tsn¥ 10 ofFna15 3k>ry51de ouier lnrX￿abvÈ edu&4ton provthr5. We hdve cotn(nb55theé irtepenL*nl rese￿ Io P4Dvth att evidence base *0 stspwrt our st￿. Trmth Ehp co¥nbined IncotrE ol school conlnbulKJns al￿ a generous legxy. ThL5 Contr)￿ the finanoal stabdty a¢hwed o¥v the Last 4 year5 lollwng the organisalion's ￿$truG￿re to accofflrrxyJal8 [1) tre b$5es Incurred wheD Sch￿ ¢urirHJ the 201&2020 cnsis.. and Iiil the overall redLdw)n In charivs incorne schcol C5[￿re5. The has been used pnrnarily to support the professional devdopmentof leathil¥ arwj rrf%FleaGhiry 5￿f[ wthn Schw&￿1h a 51tptvJlhEDIDg the overall perfortnanee. This. toget￿r wth I￿r ¥vork lo raLse Ine publr rwfile of WaSdorf e4ucabon L5 aimed al h￿pIng schools In￿ease nurnbers thereby irnpr(we their finant*l slability. However. SL*K>o& lace ￿dI1￿)ro1 financial pressu￿ ￿th VAT £¥n 5ciwI faes aThY olw rA)st5 amourKed IA It* r¢trr.I budget. ¥Yhth in nay Impa¢: Ihe level of 5thtK)I wniribut¥YLS lo the charry. Tht% means onwoj grant futxliry arml fundrak%iThJ g7iliabves ￿11 need I I￿re•s¢ In the years aTheao its othr to mainlan the sarntr levd ofswvw and SUPPDbt Investrnènt policy and obj￿Il¥eS Under rr*nwanaum and arudes o.. a￿(￿a￿On Ihp chanty has ￿ tyJ%Yer to tn2ke any Investments tre sustee5 ¥Yish. The Iruslee5. hawry regard lo &quidty requirtrncnts o., ¢s owrdlions 3Dd ID rtserves policy. have DpÈra'.Èd a Policy of keepirg aViL3b￿ futKts n tnierest beanro dep￿1 aLxounts whch pay a rale ol Inlwe51, wnere pDssibk. In exce55 of thp rate of inAaton. Poliw on res¢rvps Th& current policy of the tsu5tees i% to mainta'.n free re5er¥es equal to 3 monlhs running (x)Sts. wh￿￿ would approximlelyE65.OOD. wilhin.he accounts to rr¥pel ¢onlweftcts. Free reservtrs al Ihe yearend ¢Jale amounted 10 E99.566. whKh tn*lee5 consK*r k8 sabsf•*ory gfven hrtur2 P•Je 4 Steinerwaldorf S¢hools Fellowship Lirntted Report Off￿ Trustees lorthe year ended 31 August 2024 PLANS FOR FLITURE PERIODS Activit*$ planned to a¢hieve To conlinue lo irnproye 5UPPDrt for 50*oDL5 in all aspects of ts￿rde¥dOprr￿L We are ddiverir¥J upoa the 3yèar strat89 plan lor202>2026. With the e51abli%hmenl of the Insh Wahjyl EduCationA5sccal￿7. ihe ¢bJèJsof thÈ tompafty bÈ urx12teo ￿1h prorr¥jI￿Th of Sleinet Waklorf Ed￿ti0ft n I￿land ￿n9 rerTh)ved. Going Over the years the Fellowship has strengthen teserves ana put in financ*i pknniry to ensure we are a going concern. The Iruslee boty has been reforrf*d to enable the work 1¢ w forward with a 5troryer marogerr*nt. STRUCTURE. GOVERNANCE AND MANAGEAIENT P4ature ol goveming document The chanty is conlrolw by ILS govemmg dL￿mEnt. a deed pf t￿t. and cw6titirtes a linw¢ed company. limited by guaranlee. as defined by Ihe Corrpanes Act 2Crfts. StsinÈrwa￿o￿scTh0QlS Fel￿￿k1P Limited ts a Com￿nY limited by waraft￿. govern* by ts me￿¥)￿￿uM and arbc*s 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 M￿muM of four olhw persons leach ol WI￿ shrAJkY havoappmpnaie uTrJetsi8tithng i)f the St￿ner 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 Organ￿8￿"0na1 strudu As the organisabon has $labl1 ised il ￿trUCtUre and Ihe rw work vrilh SChc￿L8 has taken shape. Trustees have relumÈd to Fneeling Ihtee li￿reS a year in lffie ￿1h the Organi>a￿￿-s ofasswatDn. The ExecLrtW8 Group Tnpels regulady With TnJslees hawng ￿tes$ 10 ffli*ule5. ExeurtNe Diredor s￿￿kS frÈqueTTIty With Ihe Chair of Trus￿$ and Infomi$ Tftjstets ofoc¢urring i4sws 89 appropnaie. The aNI kn￿ergartens rkgrtialty fund thtr charity thro￿lh 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 Cfrnfr￿b* in tF*irnew 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 c￿1 of rerrnJrvaiK)n for IhÈ manaprnent of the orgaThsalon L8 £156.767. a SI￿ht Increase on 1&5t year ol £11.777. Pa9e 5 s*inerWaldt¥t schoo￿ Fe1￿hip Limited Report ol uiÈ Trusthes for iheyear ended 31 AUg￿5t 2024 STRUCTURE, GOVERNANCEAND MANAGEMENT Major risks and rnanagernpnt of those risks General risk mana9emevt Thè Irusiees have a risk managernent strategy Compr￿8$ art ￿￿eW ol ￿e ns￿ Ihe chanty may tsc&'. tfE eslablLshrnenl ol sysierThs aThJ precedures lo mibgale Ihe thnlrf*d risks". ar¥J Il* Mpkrnen￿to1 of tre proredtsres desor*d lo rnlNM￿e any PDlential ITnpacE oft the ¢Naftty sho￿1 tFM)se rtsks matenahse. Mercury Provident Pension Fund Deficit Ittough this has now been SlaLFd￿d. * have 10 plèn for the 5% Increase trach yw. rePa￿ft￿ ￿ardS tre end of',h Nèed io be factor8d In as i￿￿11 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$trun*nts Objectives and ptsliGitiS The chariyi aCbvit*s expose rt lo a nurnber offinanC￿l rksk5 w￿l1￿11[¥J credit r6k. cash fkyw risk and nsk. The use ol finan¢rdl uenvaLryes Is wvemeo by Ihe WK4e5 app￿¥Bo Dy we DDdr¢ gf tru5tEes. provwje wntten principles on the use of finènc*l thri¥alNes lo manage ihe5e rW. The (*Ority dcts use tlenwalNe finant&l instnJmÈnls for swcuL8tNe pwpose. Cash flow risk The charitys aClMl* exp￿ rt primarty io Ihe fir￿r￿JaI r6ksel chan￿$ in fuevJn cJJrrerwexcharKJ8 ralps an¢$ inleresl rates. Credit risk The chanty5 pnncipal finaTrc4￿ asse15 a￿ bank bakKes tash. and other rer*ryable. and Itr*slrrwts. The chariws credit is Pfimanty attnbuiable to its trade receNarAes. The arrunts pTrsenled In the balaDc8 sheet ale Dot ol all0￿￿S for dodbffJl rocewabltts. An JltrA7nce tor Irnpairrreril wde where there L% an K*enblied 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 asS￿ned by Hilernatsonal ¢xedit-*ing agencles. The chanty has rm) 5igrufK3nl COntsntrat￿ Df credit rsk. with exFosufE $r**1 overa targe number of counterpartses È CUs￿r(￿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 I￿￿￿lty risk can be *uno In the Staternenl of xcowitrrfj w￿leS in tFE finafitial $&iements. AppFoved by order of fNJaro of trusteesrxi.......... .. arKJ ￿nerf bet￿lf by. D F 8alS-Trustee Pa9e 6 Independon¢ Examinerfs Report to the T¢v$tws of SleinerWaldorfSchools Fello￿hIP mited Intlependentexaminee¥ report to the t￿￿teeS of Sletner Waldorf*hog1s F￿10￿hIP Limited fthe Company'l I report to IhE thariiy IrusteÈs on my examna￿)Th of tr￿ acto￿ts O., the Cotnpany for the Èndee 31 August 2024. Responsibilities and basis of rEPOrt A5 the charitys trustees of Lle Company l￿d *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 req￿￿M￿ts of Ctsnpan*sAct20061ts ￿)BAc￿l. 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 Inde￿ndent 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¢i￿n6 given by Ihe Charity C1)mm¢s￿ry 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 %4*re not kept in raspect of the Cornpany as required by Section 386 of Ihe 2006Ad." or 2. the act￿nts do not ￿Cllrd %Mth IIK)se re￿rts". or 3. the do r￿1 ¢x)mpty wth the 8CLx>unbry requifEmefits ofsecti¢)n of 2￿A¢t Ihan ary reqil1rer￿I 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￿ P￿￿rAp￿ 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 a*￿bI2 in VK RepublK of IreiAnd IFRS 10211. I havÈ no tortèms and have ojrne arr(￿ no other rnatlers fft coftrtction examination toWh￿h atteDton be drd%Yn in Ihis rewrt In rKder to enaWea proper LpiderS￿￿9 Of￿ aLuyJnts lo be ￿aChed. Salisbury & Company 61￿1r￿ 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 FiThar*ial Aclivit*s 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 actNit￿5 Charitable actsvil￿5 271457 271.457 3.808 236715 3.559 Total 325.414 325.414 312.361 NET INCOMEIIEXPENDITURE) other recognised gain51llos5es1 Actuanal gainsllk)ssesl on defiT￿d 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 C*h al bank 10 64.177 64.177 330.095 115,798 427 966 3942r2 394.272 .764 CREDITORS Amounts fallir¥J due Ihin one y￿r 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 entit*d lo èxempt￿ trom aLKlil uThJer SÈcthon 477 Dflhe com￿nIesA￿ 2(KJ6 for the year ndeé 31 August 2024. The members have not wul￿d the company lo obtsift an of its fir4ympani* Acl 200S rELpling lo financHI slalements. $0 far as applicable to ts chafttat* ccthpaiy. These fiftan¢o1 $laien*nts have bpen prppwL¥J in acconkn*ifh W%￿10n5 applicabk to thrilab￿ u>mpanN subject lo the 5fflall companvs re9ime. The fi nci alemenb were approved by Ihp Board of Tnjstees W¢￿Tr6ed for ￿ue *se wgned rfs bEThaK ty. D F Ball- TrLLslee Tl* Th)les fLKm part oflhèse financial Sla￿r￿n￿ si•inef bV¥ldtsrt Sch¢xbts Ftllowship Limited Notss to the Financial Slarements lor theyoar ended 31 Auyust2024 ACCOUNTING poL￿lEs Bas￿ of preparing EhE firtancrdl statements The fin2ncial 51alements of Ihe thattsble coryany. wfvch s a wbbc bèDefil en)ty urwJeF FRS 102, h￿Q pared In accoNJ8rt8 Mlh Ch8ri1*s SORP IFRS '.O21'A¢¢wnlirg aTrY Rewrting by chart￿$ Stslemenl of Recommende¢ Pract￿ appICab￿ to chHnlies wepanrvJ Iheir ac(x)unls th accordants the FInar￿al Rewrting Standard applica￿ the UK aryJ Rewbbc ?[ Irelat¢ IFRS 1021 leffe¢twe 1 January 20191.. Finan￿1 Reporbng Standar¢ 102 Tre F¢ronrJal Rewrtmg S*ndard in.he UK a￿1 Republ￿ of Ire￿nd. aThJ the Companies Aci 2riJ6. The fv)aftoal Stslerf*nts have been prepwed uThJer hstorKal cr61 ￿nVe￿knn. Going concern The trustoes corLsider that there a￿ rn malerial urwt•nbeS the atxlty ID continue a5 a gong Con￿rn norany synificanl artra5 of U￿￿rt￿Trty aifect t4rryry valL* of assets he￿ Dy charty. Income I illcorne ￿ recogn￿* ffi tl* siaiEwwI of Financi¥ A¢b￿tieS 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 se1ye￿￿nI 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 recogni￿d tsrytil erthcr 1*0se conLlibtrns a,-tt fulty mei, or tre lulfilmenl of those (x>p.dibgn5 LswhiAty wthin ts Gortrol of the chafiiy it wobabk that these Condit￿nS 11 be In reptsffjr¥J perth. Legacy gifts a￿ re￿n￿￿ett 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. recw1t￿D is subftct lo t￿ valw of ihe gift be￿g telia.ty mèasurabLe ￿,.h a degree ol reasonab accuracy and the trtle.io the assel ha￿ng been tr3n5farpa io tr* tharty. Grants receN3ble Granis arc vrt¢n the ¢haiity has an entittÈN*nl 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 01v￿ents are rewynL8ed ortÈ ts dNK#ond has ￿en dedared notfjKat￿ h3s reGeN￿ of the dNKlend due. ExpenditLtr¢ Liabilibe5 a￿ recogrwd as eXPpr￿1$Ure as as Ihere L% 8 legJ or ￿￿truCts¥e obly1￿ Ihe charity Its that exptrndilure. il k% probable that a l?nsfer ol er￿￿orn￿ ts￿￿fits will be reouired In seniemenl and I arnount of the obTNJal￿￿ Lzn ￿ wsured relobly. Expenoe4ure is accounted loron an accn5aL% l>ass and has been dass..Iied under hea¢irwJ5 Uwl aggpgate all tX>51 tEL*ed 10 tne caie90ry. WheE coss CaTh￿l be direclty attnbutÈd to pafbc¥lar headws Ihey have been allctsted lo aCtivi￿S on a bags J)nsisteDlwith use of source. wth ￿ntral 5talE Costs alktsied on th& bass o,. b(r* s￿nI. aid deprecraKJn charges alkxéted on th portDn ofthe assefs use. Other ￿K￿)rtIa)Sts are allocatÈo on ts spread ol costs. Charitable activtlies Chanta￿e expeDdiluFP oJmpnses baose costs Incur￿ by the charty ¢D the d￿Nery ofi15 activJtl<$ ano SWVi¢es for rts beneficiares. 11 I￿￿deS 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 b￿n 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 Olher￿S¢S Dy their u$89e. Governance costs Tntrse [￿lUCt the costs aNnbulable o the char.vs ctrylonGe wilh L¥)nsI IJ￿rtaI ar)e statLW reqUi￿rnents. including audil. slrdLegic rnaTr¥gctr¥ml an¢J trus*tss's r1*ebr￿5 and rewnbur5ed expenses. Development costs Intst%Jitsb aESOts we measwed al cosl Sèss ac¢uMU￿ted arxl wy a¢oLmuth8leil Irnpairmenl ￿￿se5. Page10 conlin￿lI... Steinerwaldorf Sch(x)Is Fellowship Llmitsd Notes to the Financial Slatements-continued lor the year ended 31 August 2024 ACCOUNTING POUCIES- continued Dwelopment costs rtisati￿ is charged frcrn &55et 6 t￿o￿l into use. over the yea Website and rebranding Ctyftculum Planning Pklfonm Speak Wrile Read re￿IerS 5 years 3 years Tanyible fixed assets ()eorpoati￿ prowd￿l at ￿e fol%Mng rales ￿ order to write off each asset over its eslimatod usoful Sfe. Fumiture and Equiprrent - 33% on ctst 12% on ￿5t Taxation The Charity is exempl trorn corporation lax on its chantsbla acb*tses. Fund ae¢¢)unting Unrestnded furx1s r2n Je usuj In acterdan￿ *ilh IhÈ charilable obJ"edT4es atlhe dtsrXeg￿n of trvstees. Re5trthd luFKIs can onty be uwl fDr pHrtwbr ￿str￿tea wrrK)ses ￿th1Th tr* 0￿eCts of ¢￿ty. RestN(*on8 whon Specif￿ by the doworwhen fvnds arÈ for parbcukr re51ricled purposes. Further Explana￿)￿ of IhE nattKe and purroseof each f￿￿ i5 induded in ts Th)tes 10 the financ￿ ststemEntS. Trade debtors Tradè debloFs a￿ anvJunts ¢lue frorn ¢ustrffier5 for1￿￿￿￿e sthJ or sefViCQS in tho ￿diD￿ry cwrse of b￿ne$s. Tracle debtors are reCogn￿ad ini10ty al tr¥n5acbon P[￿e. a pru¥isK)n lor the impairrrtnl oftr¥de d•btors Is eslablighad Ihw? LS Dbjectsve evide￿e 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 (Jepti*ts. and other short4errn hghty Ikwx Inves1￿nts that are ￿adty c(KNerts>è lo a amount of cash atvj arE su*ecl to an 1r￿￿r￿f1Canl nsk of change In val￿. Trpde ¢reditpr Trade ￿￿itorS are oiAigakons lo pay for goc& or $em￿S Ihai have bEen acquire(I In or¢inary cJ)urse or business Itom suppliers. Auxunts payab￿ arE da551￿￿ as c￿r￿1 habilibes if the chanty éoe5 nDI have on Ur￿0ndi￿Jnal rohL at the en(£ of the reportiNJ perv)d. lo defersetllemenl of the credrtor lor al *asi twebie nths alier Iht rewrtlw dale. 11 I1￿ an Ur￿0￿rt￿nal rbjhl lo def¥ ￿tt￿r[￿nI IDr3t I￿st twdve I￿nthS after the reports￿ date. they are presented as Wpcuffent kab￿be$. Trade uedilN5 are recogrrised Inith8Uy at ts Ir8nsa¢tr)Tr PFI￿. Borrowings Inieresl4eariry borrtThyin95 are insbaty recrthd atfwrvaW*. net o[transx￿ft c4)Sts. Interest-btraring borro￿￿$ 8Fe sub5pquenlty (3rried al arwrti5eL£ cost. Ihe drfferertt bewn pr(x*eds. rel of transac1h￿ costs. and the amount due )n redernp1￿n tron9 wnised a5 a charye to Ihe Slalerrenl of FIrha￿ll1￿¢IrVl￿0S over the kww)d orthe botruwrs. Inieresl expertse ts rwntsed on bass ol etfectNe ittteTrst melhjd and is induoed in inte￿1 pay3blE arKI simi￿r Charges Borrowws are ejasstheo as uJrrÈnl lthilitts unless the chanty ha& an unctrK*tional nghl lo delersetvernentol the l￿bilItY 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... SttrinerwaldortSG1H￿lS Fellowship rnited Noles to the Financial Statements. contlnL*d for yearendpd 31 August 2024 ACCOUNnNG POUCIES- ¢ontinL*d Pens&on ¢osts and other post-retirement b¢n¢fits Because ol kqrge ft￿r￿￿r d. participabro empbyer5 and Ihe ol Aianoal reportsng dates. rt has ml been deer￿4 pr8cbcats￿ or financialty LO FrtsJuce;bÉ mformalw necessary lo allow participating employers lo Corn￿ fully￿￿h the requirerrent5 Qt FRS102 The per￿5￿ costs Cha￿ed In the lsnHDual stale￿￿nIS:bere11)re represefti contrbubDnS Ptyabltr by th2 charrty tJuAhg u* year up unlil tsan>t￿nal adjus1￿nI been made In 2017 and 2019 annual attouTrts re$￿tyr￿ cornparauves by accountiw for Steiner Y￿21¢01[ SchwL4 Fell(yw5hips share of Ihe deftal as a cos1 arwj liab￿ty Ir. futurE all Bnnuat conknbukn)s wll de¢J8¥se tr* dtrScil up UTh￿1 Ihe nexl lriennal acLuar&31 valuaklw due as al DecEmber 2024. wtrere'.he Corr￿le¢ value moverTEnl w.11 be expensed or incofft In finartk21 S&￿en￿ to briry Ihe I￿a￿ty m l¥)e %wth the laiesl valuakn. The ￿teSt thennial acluanal valtjabon a5 at 29 De￿Illber 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 u￿ng the proiecied unit n*ihod aDJ are #iso)unled to ￿tr ?resenl valJe. The Scheme truslees ar￿ partsapaling Employets detydfrd 10 clo$8 Ihe s&Yrne ID further benefrt acuual on 31 Dettmber 2G08. and future con1n￿l￿n ￿eLS be ￿k￿￿aLed so a5 lo diminaie the sc*en* del￿1 over an ag￿ed pen(yJ. To replace this sclwne the cjwty ha5 S*t up a rJoFineil penswjn schewÈ for wh*h all staff are eljgible. The pewon costs chaw in ihe financ*i str1￿EnL￿ tepr2sÈni IDe CGnIn￿torts pa>2Die ty tre chanty dunng the year. Financial instrumeftts Finarbual asseis and finanoal I￿*￿e5 are recryn¢ed when the chawity beu)ry*s a paty 10 th8 contractu provisK>ns of the ln5trury￿nI. Finaroal IHbil..tses and equity Irtsuuments are accwdfftg l? tre sub51ance of conlrartual arrangements er.iered Into. An ￿tsIty Ill5trumethl Is any Coftltscl thal evthrtts ¥ residual inkresl.'n the assets ol It￿ (ha¢ity after deéu¢ting all ol its lh3bar￿S. RÈcogr*ition and measurement All finanu31 asseis and I￿￿1[11￿ are inrtialty rrwsureLI 8t irènsaclw)n Iindtsdiry Irawct￿n ¢05tsl. ex￿p1 IDr InD6e finanry¥l assets classified as at lairvalue through profil or k)ss. w*i(* aftr iftiti?lty al ￿3￿r val rK)FTnally ts IransacL¢n pTh￿ ¥ility Is measured at Ihe PFeSenl valuts of Ihe lulU￿ payff*nts disc￿nted al a rnarkel rnte of i?teresl for a similar deb., Inslrbrnenl. FinaDGo1 assot5 and liabir￿e$ are only Dffse,. in the staterneil of financsal position wF*n. ar￿ onty whon Ihcre exists a kgally enlo￿a￿le to sel ollhe rettyinised amounts and charty intends etlher to selue on a iet baSi%. or 10 wltse Ihe asset seitle the lia￿lty Si￿Lif￿￿u￿y. Financ4￿ 8sse15 are oeEcth3nLsed whenard onty when al.he conLf8eual ryhts 10 the cash fh)ws frorn Ihe nanc¢al asset expire or are 5eiUed. bl rhar.ty *rarLs*rs 10 a￿￿erPartY substanlHIty all Df the nsks and rewards ofownership of the iinancwl orcl the chaity. de5wle re￿iD￿J s0rn8. )ul noi all, signitranl risks and rewdrds of rw)effship. has trar&fer￿d control of tre asset to aryolher party Finanual 1*bilit￿ are dpwnk5e¢l Dnty oo*toft specif*¢ ¢ontr¥t is dtstharypd. Can￿118￿ or expl￿. Pag¢12 continued... stei•erWaldtsrfSthorA5 Fellowship Limited Notes tts the Finan¢Éal Statements- continued fof the y￿r 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)d￿J*d ￿ the alThe. a￿ a5 folkME'. 2024 20YJ Otref grants 2.600 INVESTMENT INCOME 2024 2023 Deposit account Inleresl 970 NET INCOkqEIIEXPENDITURE) Nel lncome1lu￿J￿rel is slated after cha￿￿(￿**￿￿). 2024 2023 Audito￿. remUr￿¢31￿j DepretiaiM)n. cywned assets Room hire Devtrlopmenl costs ar￿rttsab￿ll 3.613 583 174 12￿1 3.073 10.620 TRUSTEES. REMUNERATION AND BENEFftS T￿re V4Ere ￿ IFU5tees' rernuneral￿ wotsrte￿rrts fcrf ￿Yeart￿N￿o 31 A￿￿512024 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 EX￿Ul1Ve Diredot EduCat￿n tsordinator Isthrthl Educat￿n Ctroroinaior (Earty Yeats! Finance & OperaiK)ns Marpger No empbyees receNe¢ enWJm8nts tt) excess of£60.OCIJ. Page13 ¢onlinuod... stsi￿r￿¥•ldthrf Schools Fello￿hIP Limited Notss to the Finan¢ial s1ateD*nts-￿ntbnUed for t￿yèat èndÈd 31 AugLtst 2024 COMPARATIVES FOR THE STATEMEKF OF FINANC14LACTNmES u1￿￿Cled Resiric:ed fuThYs Tokl funds INCOMe AND ENDOWMENTS FROM Donations and ￿aac￿eS 449.791 449.791 Charitabl• activities Charilable actIv￿e5 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 Fell￿Eb1P Limited Notes to the FIT￿n￿al StaterDents-¢tsNlinuEd lor tho y*ar ended 31 August 2024 TANGIBLE AXEDASSETS Furniture and eqUipry￿nI 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.. AMOu1￿s FALUNG DUE ￿TrHIN ONE Y&4R 2024 2023 Trdde creditLY5 So￿31 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 ￿n￿trIcted 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 y￿r end2d 31 AugUSt2024 12. MOVEMENT IN FUNDS-¢onlIn￿d Comparativ•s for rTh?vEmertt in lunds Nel svemenl Al 3 118f22 Al 119122 Unrestricted fvnd5 C￿ra1 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 TheAn￿r￿￿{)sOph1cal S¢ciety provK1ed a grail lowarits ¢osi of the Exerartwe GThp attenthNJ Worthde Teacher Education COnler2r￿ In Domach. swi￿dar￿. Freunde dèr Erthhungskunst RudOlfste￿rS 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 In￿￿1 970 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 $.992 59.578 126.682 Total incomithg resources 239.216 5T7.443 EXPENDrruRE other trdding activit*s PUbl￿tionS aTrd conferences Training for Schoo Art ol Teaching 12.657 27.033 10.459 18.273 48.930 4.874 50.149 72.077 Suppori wst$ Management Wages Social sprojrity Pell510ns Roorn hire Irwrance Tekph A￿ertisIng Sundritrs Educational research Travel and subsisience Office expellses Subscriplk)n$ l￿81 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 sta1ut0ryfit￿r￿￿ stalemenL8 P3ge 17 Strinerwakjotf S¢hod$ Fellowship Limited Oetsited Stalemenl of FinarKial kntivitie$ for iht year eoded 31 August 2024 YJ24 2023 an8￿rne￿I 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 res￿rceS expended 325.414 312.361 N¢t l¢Xpendituro￿1n￿rn¢ 86.1981 265.082 T￿$ dces rK)t,'orm ￿ffI olltr* financ481 slaterDènts Page 18