##
|||Page|
|---|---|---|
|Report ofthe|Trustees|3to 10|
|Report ofthe|Independent
Auditors|11 to 13|
|Consolidated|Statement
ofFinancial Activities|14|
|Consolidated|Balance Sheet|15|
|Charitable
Company
Balance Sheet|||
|Cash Flow Statement||17|
|Notes to the|Cash Flow Statement|18|
|Notes to the|Financial Statements|19to 34|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total funds|Total funds|
|||||Notes|funds
E|funds
f|||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies||||2|16743|2,162|18,905|72,735|
|Charitable
activities|||||||||
|Education||||4|784,141||784,141|349,076|
|Investment
income||||3|428||428|165|
|Trading
income||||21|477,092||477,092|2,500|
|Other income||||5|31,972||31,972|168,793|
|Total|||||1.310,376|2,162|1,312,538|593,269|
|EXPENDITURE ON|||||||||
|Subsidiaty's
trading||activities||21|382,024||382,024|37,147|
|Charitable
acttvldes|||||||||
|Education|||||995,170|53,686|1,048,856|750,612|
|Bank loan interest|||||3,015||3,015||
|Total|||||1,380,209|53,686|1,433,895|787,759|
|NET INCOME/(EXPENDITURE)|||||(69,833)|(51,524)|(121,357)|(194,490)|
|Transfers between||funds||18|||||
|Net movement
in funds|||||(69,833)|(51,524)|(121,357)|(194,490)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||2,251,466|182,062|2,433,528|2,628,018|
|TOTAL FUNDS CARRIED FORWARD|||||2,181,633|130,538|2,312,171|2,433,528|
##
##
|||At|
30June 2022||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total funds|Total funds|
||||funds|funds|||
|||Notes|f||||
|FIXEDASSETS|||||||
|Tangible assets||13|2,278,378||2,278,378|2,239,979|
|Investments||14|12,267||12,267|12,267|
||||2,290,645||2,290,645|2,252,246|
|CURRENT ASSETS|||||||
|Stocks||15|603,697||603,697|860,037|
|Debtors||16|156,194||156,194|154,112|
|Cash at bank and|in hand||480,743|130,538|611,281|457,837|
||||1,240,634|130,538|1,371,172|1,471,986|
|CREDITORS|||||||
|Amounts
falling due within one year||17|(567,976)||(567,976)|(395,402)|
|NET CURRENT ASSETS|||672,658|130,538|803,196|1,076584|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||2,963,303|130,538|3,093,841|3,328,830|
|CREDITORS|||||||
|Amounts
felling due|after more than one year||(146,667)||(146,667)|(186,667)|
|PENSION LIABILITY||19|(635,003)||(635,003)|(708,635)|
|NET ASSETS|||2,181,633|~130 538|~2,312171|2,433,528|
|FUNDS||18|||||
|Unrestricted
funds|||||2,181,633|2,251,466|
|Restricted
funds|||||130,538|182,062|
|TOTAL FUNDS|||||2,312171|2,433,528|
##
##
##
|||At|30June 2022||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total funds|Total funds|
||||funds|funds|||
|||Notes|5|F|||
|FIXEDASSETS|||||||
|Tangible assets||13|2,278,378||2,278378|2,239,979|
|Investments||14|12,268||12,268|12,268|
||||2,290,646||2,290,646|2,252,247|
|CURRENT ASSETS|||||||
|Stocks||15|40,995||40,995|22,126|
|Debtors||16|1,174,232||1,174,232|1,191,156|
|Cash at bank and|in hand||22,094|130,538|152,632|255,736|
||||1,237,321|130,538|1,367,859|1,469,018|
|CREDITORS|||||||
|Amounts
falling due within one year||17|(564,665)||(564,665)|(392,435)|
|NET CURRENT ASSETS|||672,656|130,538|803,194|1,076,583|
|TOTAL ASSETS|LESSCURRENT||||||
|UABILITIES|||2,963,302|130,538|3,093,839|3,328,830|
|CREDITORS|||||||
|Amounts
falling due|after more than one year||(146,667)||(146,667)|(186,667)|
|PENSION LIABILITY||19|(635,003)||(635,003)|(708,635)|
|NET ASSETS|||2 181,632|130,538|2,312,170|2,433,528|
|FUNDS||18|||||
|Unrestricted
funds|||||2,181,632|2,251,466|
|Restricted
funds|||||130,538|182,062|
|TOTAL FUNDS|||||2,312,170|2,433,528|
##
##
|||for|the
e|
ar ended 30Jun|e 2022||
|---|---|---|---|---|---|---|
|||||Notes|2022
f|2021
f|
|Cash flows from|operating|activities:|||||
|Cash generated
from operations
Interest paid|||||252,678
~3,015)|(127,984)|
|Net cash provided
by (used In) operating|||||||
|actlvi5es|||||249,663|~127,984)|
|Cash flows from|investing|activities:|||||
|Purchase oftangible
fixed assets|||||(82,971)|(26,185)|
|Purchase of|||||||
|Interest received|||||85|165|
|Net cash provided
by (used In) Investing|||||(82,886)|(26,020)|
|activities|||||||
|Cash flows from|financing|activities:|||||
|New loan in year
Loan repayments|||||~13,333)|200,000|
|Net cash provided
by (used in) financing
activities|||||~13,333)|200,000|
|Change
in cash|and cash|equivalents|in the||||
|mporting
period|||||153,444|45,996|
|Cash and cash|equivalents|at the beginning|||||
|ofthe reporting|period||||457,837|411,841|
|Cash and cash|equivalents|at the end|ofthe||||
|reporting
period|||||611,281|457,837|
##
||||for the
ear ended 30Jun|for the
ear ended 30Jun|
e 2022||
|---|---|---|---|---|---|---|
|1.|RECONCILIATION||OF NET INCONIE/(EXPENDITURE)||TO NET CASH FLOW FROM|OPERATING|
|||||ACTIVITIES|||
||||||2022|2021|
||||||6|E|
||Net income/(expenditure)
for the reporting
statement
offinancia activities)
Adjustments
for:|||period (as|per the
(121,357)|(194,490)|
||Depreciation
charges||||44,572|38,245|
||Interest received
Interest paid||||(85)
3,015|(165)|
||Movement
in pension||liability||(73,632)|(73,331)|
||(Increase)/decrease||in stocks||256,340|2,704|
||(Increase)/decrease
Increase/(decrease)||in debtors
in creditors||(2,082)
145,907|28,276
70,777|
||Net cash provided|by (used in) operating||activities|252,678|(127,984)|
##
##
##
##
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##
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##
##
##
##
##
##
##
##
##
##
||||Activity|2022
f|2021
f|
|---|---|---|---|---|---|
|Student|fees||Education|385,183|144,344|
|Student|fees discount||Education|(53,629)|(22,749)|
|Student|boarding|8 Catering|Education|288,189|62,611|
|Other income|||Education|6,997|7,156|
|Venue|hire 8 rental income||Education|157,401|157714|
|||||784,141|349,076|
##
##
##
##
##
|||||Direct costs|Support costs|Totals|
|---|---|---|---|---|---|---|
|||||(See note 7)
f|(See note 8)
F||
|Education||||695,835|353,021|1,048,856|
|DIRECT COSTS OF|||CHARITABLE ACTIVITIES||||
||||||2022
f|2021
f|
|Staff costs|||||358,040|364,557|
|Tutor Fees|||||165,438|71,038|
|Tutor accommodation|||& material||59,811|16,612|
|Provisions|and|household|||55,793|11,902|
|Garden costs|||||5,374|15,799|
|Library and|Bookshop||materials||6,661|8,290|
|Repairs and maintenance|||||40,453|36,173|
|Administration||and courses|||3,344|309|
|Bad Debts|||||921|556|
||||||695,835|525,236|
|SUPPORT|COSTS||||||
||||||Governance||
|||||Management|costs|Totals|
|||||F|F.||
|Education||||340,133|12888|353021|
||Governance||
|---|---|---|
|Management|costs|Totals|
|F|F.||
|340,133|12,888|353,021|
##
##
##
##
|Management||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Education|Total activities|
|Trustees' fees
Trustees' expenses
Rates and Water||||23,307
616
21,131|11,280
1,431
17,326|
|Insurance||||17,136|17,563|
|Light and heat||||54,514|29,791|
|Telephone,
internet
8 copier||||5,269|5,931|
|Postage and stationery||||594|240|
|Advertising
& publicity||||24,903|19,301|
|Office equipment
and|IT|||27,898|26,061|
|Pension
admin fees||||2,401|4,495|
|Pension
deficit administration||||15,291|13,851|
|Pension
deficit finance||costs||18,303|5,793|
|Pension
Levy
Professional fees||||3,253
75,413|11,444
3,346|
|Travel &other costs||||425|427|
|Membership
Fees||||4,393|2,837|
|Bank &other charges||||714|3,744|
|Depreciation
oftangible||and heritag e assets||44,572|~38245|
|||||340,133|213,106|
|Governance costs||||||
|||||2022|2021|
|||||Education|Totalactivities|
|||||6||
|Auditors'
remuneration||||7,388|7,000|
|Auditors'
remuneration||for|non audit work|5,500|5,270|
|Legal &professional|fees|||||
|||||1288S|12270|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||
|||||2022
6|2021
f|
|Auditors'
remuneration||||7,388|7,000|
|Other non-audit
services||||5,500|5,270|
|Depreciation
- owned|assets|||44,572|38,245|
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||funds|funds||
||||f|f||
|INCOME|AND ENDOWMENTS|FROM||||
|Donations|and legacies||40,183|32,552|72,735|
|Charitable|activities|||||
|Education|||448,041||448,041|
|Investment|income||165||165|
|Trading
income|||2,500||2,500|
|Other income|||69,828||69,828|
|Total|||560,717|32,552|593,269|
##
##
|||
for the
ear ended 30June 2022|
for the
ear ended 30June 2022|
for the
ear ended 30June 2022|||
|---|---|---|---|---|---|---|
|12.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||||
|||||Unrestricted|Restricted|Total funds|
|||||funds
f|funds
f||
||EXPENDITURE ON||||||
||Charitable
activities||||||
||Education|||721,867|28,745|750,612|
||Bank loan interest||||||
||Subsidiary's
trading||actNities|37,147||37,147|
||Total|||759,014|28,745|787,759|
||NET INCOME/(EXPENDITURE)|||(198,297)|3,807|(194,490)|
||RECONCILIATION|OF FUNDS|||||
||Transfers
between||funds|4,227|(4,227)||
||Total funds brought||forward|2,445,536|182,482|2,628,018|
||TOTAL FUNDS CARRIED FORWARD|||2 251 466|182,062|2,433,528|
##
##
##
##
|TANGIBLE FIXEDASSETS (GROUP AND|COMPANY)|||
|---|---|---|---|
||||Machinery
and|
||Freehold|Short|office|
||property|leasehold|equipment|
||F|5|E|
|COST||||
|At 1 July 2021|2,489,560|77,000|166,981|
|Additions|59,801||1,714|
|Disposals||||
|At 30June 2022|2,549,361|77,000|168,695|
|DEPRECIATION||||
|At 1 July 2021|346,670|77,000|156,485|
|Charge for year|24,895||4,692|
|Eliminated
on disposal||||
|At 30June 2022|371,565|77,000|161,177|
|NET BOOK VALUE||||
|At 30June 2022|2,177,796||7,518|
|At 30June 2021|2,142,890||10,496|
||Fixtures and|||
||htiings|Library Books|Totals|
||5|5|5|
|COST||||
|At 1 July 2021|391,646|16,848|3,142,035|
|Additions|21,456||82,971|
|Disposals||||
|At 30June 2022|413,102|16,848|3 225 006|
|DEPRECIATION||||
|At 1 July 2021|305,053|16,848|902,056|
|Charge for year|14,984||44,572|
|Eliminated
on disposal||||
|At 30June 2022|320,037|16,848|946,628|
|NET BOOK VALUE||||
|At 30June 2022|93,065||2278,378|
|At 30June 2021|86 593||2 239979|
##
##
##
##
||Listed
investments|
|---|---|
||E|
|MARKET VALUE||
|At 1 July 2020 and 30June 2022|12,267|
|NET BOOK VALUE||
|At 30June 2022|12,267|
|At 30June 2021|12,267|
##
##
|Emerson College Enterprises
Limited|Emerson College Enterprises
Limited|Emerson College Enterprises
Limited|Emerson College Enterprises
Limited||||
|---|---|---|---|---|---|---|
|Class ofshares - Ordinary||||holding 100%|||
|STOCKS|||||||
||||||2022|2021|
||||||f||
|Stocks
—Company|||||40,995|22,126|
|Work-in-progress||- Subsidiary|||562,702|837,911|
|Group|||||603,697|860,037|
|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|Group|||||||
||||||2022|2021|
||||||F|8|
|Trade debtors|||||116,090|112,319|
|Other debtors|||||22,448|21,751|
|Intercompany|account||||||
|Prepayments|and|accrued income|||17,656|20,042|
||||||~156194|154112|
|Company|||||||
||||||2022|2021|
||||||5|F|
|Trade debtors|||||112,425|111,972|
|Other debtors|||||17,261|14,375|
|Intercompany|account||||1,026,890|1,044,767|
|Prepayments|and|accrued income|||17,656|20,042|
||||||1,174,232|1,191,156|
##
##
##
|Group||||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Trade creditors||64,048|48,674|
|Social security and other taxes||3,586|6,352|
|Other creditors||9,541|6,512|
|Pension creditor||70,297|56,472|
|Private loans|||2,500|
|Accruals and deferred
Bank Loan|income|380,504
~40 000|261,559
13,333|
|||567 976|395402|
|Company||||
|||2022
f|2021
f|
|Trade creditors||63,388|48,208|
|Social security and other taxes||3,586|6,351|
|Other creditors||9,540|6,512|
|Pension creditor||70,297|56,472|
|Accruals and deferred|income|377,854|261,559|
|Bank Loan||40,000|13,333|
|||564,665|392,435|
##
##
##
##
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
||||At 1.7.21|movement|between|At 30.6.22|
|||||in funds|funds||
|Unrestricted
funds|||||||
|General
fund|||2,220,017|(75,100)||2,144,917|
|Biodynamic
agriculture|||25,019|||25,019|
|Holistic Baby & Child Care BD 14/15|||1,974|(1,500)||474|
|Library|||229|(41)||188|
|Storytelling
Beyond Words Designated|||4,227|3,710||7,937|
|Education
Fund||||3,098||3,098|
||||2,251,466|(69,833)||2,181,633|
|Restricted funds|||||||
|Biodynamic
agriculture||fund|16,699|(6,542)||10,157|
|Initiative
Group|||1,593|||1,593|
|Ruskin
Hall (Refurbishment)|||16,954|||16,954|
|Stage|||330|||330|
|Library - Holistic|Baby & Child||1,510|||1,510|
|Bursary
Holistic|Baby||1,087|||1,087|
|Anthroposophic|Nursing||1,036|||1,036|
|Healing Words|||3,858|||3,858|
|Storytelling|||1,809|(1,167)||642|
|Emerson
Bursary|||1,405|62||1,467|
|Practioners
&Teachers|||135,781|(43,877)||91,904|
||||182,062|(51,524)||130,538|
|TOTAL FUNDS|||2,433,528|(121,357)||2,312,171|
##
##
|Net movement
in funds,|included
in the above are as follows:||||
|---|---|---|---|---|
|||Incoming|Resources|Movement
in|
|||resources|expended|funds|
||||5|6|
|Unrestricted
funds|||||
|General
fund||1,301,740|(1,376,840)|(75,100)|
|Storytelling
Holisbc Baby & Child Care BD 14/15 Course Development
Library
Education
Fund||5,538
3,098|(1,828)
(1,500)
(41)|3,710
(1,500)
(41)
3,098|
|||1,310,376|(1,380,209)|(69,833)|
|Restricted funds|||||
|Emerson
Bursary||62||62|
|Practioners
&Teachers||2,100|(45,977)|(43,877)|
|Storytelling
Biodynamic
agriculture|fund||(1,167)
(6,542)|(1,167)
(6,542)|
|||2,162|(53,686)|(51,524|
|TOTAL FUNDS||1,312,538|(1,433,895)|~121,357)|
##
##
##
|MOVEMENT
IN FUNDS - continued
Comparatives
for movement
in funds|||||
|---|---|---|---|---|
|||Net|Transfers||
||At 1.7.20|movement|between|At 30.6.21|
|||in funds|funds||
|||||F|
|Unrestricted
funds|||||
|General fund|2,418,088|(198,070)||2,220,018|
|Biodynamic
agriculture|25,019|||25,019|
|Holistic Baby & Child Care BD|2,160|(186)||1,974|
|14/1 5Course Development|||||
|Library|271|(41)||230|
|Storytelling
Beyond Words|||4,227|4,227|
||2,445,538|(198,297)|4,227|2,251,468|
|Restricted funds|||||
|Biodynamic
Agriculture||16,699||16,699|
|Initiative
Group|1,593|||1,593|
|Ruskin
Hall (Refurbishment)|16,954|||16,954|
|Stage|330|||330|
|Library
—Holistic Baby & Child|1,510|||1,510|
|Bursary
Holistic Baby|1,087|||1,087|
|Anthroposophic
Nursing|1,036|||1,036|
|Healing Words|3,858|||3.858|
|Storytelling
Bursary|5,731|(1,504)|(4,227)||
|Storytelling|2,580|(771)||1,809|
|Emerson
Bursary|2,533|(1,128)||1,405|
|Practioners
8 Teachers|145,270|(9,489)||135,781|
||182,482|3,807|(4227)|182062|
|TOTAL FUNDS|2,62S,018|(194,490)||2,433,528|
##
|Comparative|net movem|ent
in funds,
included
in the above are|as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement
in|
||||resources|expended|funds|
||||E|E||
|Unrestricted|funds|||||
|General fund|||534,393|(732,463)|(198,070)|
|Holistic Baby & Child Care BD 14(15 Course Development
Library|||11,926|(12,112)
~41)|(186)
~41)|
|Restricted|funds||546,319|(744,616)|(198,297)|
|Emerson
Bursary
Practioners
&Teachers|||732|(1,860)
(9,489)|(1,128)
(9,489)|
|Storytelling|Bursary||138|(1,642)|(1,504)|
|Storytelling
Biodynamic|agriculture|fund|31,682|(771)
~14,983)|P71)
16,699|
||||32,552|(28,745)|3807|
|TOTAL FUNDS|||578,871|(773,361)|(194,490)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|FINANCIAL
PERFO|RM|AN|CE OF THE CHARITI|ABLE COMPANY||
|---|---|---|---|---|---|
|||||2022
f.|2021f|
|Income||||881,339|543,815|
|Interest from intercompany|||loan|24,792|28,242|
|Gift from Subsidiary||||70,360|6,814|
|Gain on sale oftangible||fixed assets||||
|||||976,491|578,871|
|Expenditure
on charitable|||activities|1 097849|773 361|
|Net (expenditure)/income||||(121,358)|(194,490)|
|Total funds brought|forward|||2433528|2628018|
|Total funds carried|forward|||2312170|2433528|
|Represented
by:||||||
|Unrestricted
Funds||||2,181,632|2,248,367|
|Restricted
Funds||||130538|185161|
|Total Funds||||2312 170|2433 528|