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2022-03-31-accounts

College of Healing Limited

Report of the Trustees and Unaudited Financial Statements For the Year Ended 31[st] March 2022

Registered Company Number: 02142527 (England and Wales) Registered Charity Number: 519085

Contents of the Financial Statements

For the year ended 31[st] March 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13

College of Healing Limited For the Year Ended 31[st] March 2022

REPORT OF THE TRUSTEES

For the year ended 31[st] March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31[st] March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02142527 (England and Wales)

Registered Charity number

519085

Principal Office PO Box 342 Malvern Worcestershire WR14 9GU

Registered office

1A the Homend Ledbury Herefordshire HR8 1BN

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

D.E Balen P. Ebdon S. Lawrence (Appointed 7[th] April 2021) J.Radley S.M.T. Ward (Resigned 7[th] April 2021)

Accountants

Luke Keegan Greendawn Accounting Ltd 1A The Homend Ledbury Herefordshire HR8 1BN

1

College of Healing Limited For the Year Ended 31[st] March 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

The Objectives of College of Healing are as follows:

To relieve sickness by the advancement of education of persons seeking to provide treatment for patients suffering from physical and psychological illness and disabilities and, in particular, in so far as the same shall be efficacious to achieve such relief, to promote in conjunction with orthodox medical practice systems of healing complementary to it.

TRUSTEES ANNUAL REPORT

The Trustees have considered the charity commission’s guidance on public benefit and explain below in more detail the charity’s consideration.

The College has a track record of helping people in their self development and awareness to live happier and more purposeful lives.

Our graduates have been trained to a high standard and they, in turn, have gone into society helping and supporting patients to improve the quality and direction of their lives by enjoying better health. The College of Healing is an educational charity established in 1983 with the purpose of teaching healing.

The College is committed to:

Function of Trustees : to ensure that the Memorandum and Articles of Association of the charity are being fulfilled; there is a legal duty to make sure that charity is financially viable and to ensure accounts are kept and charity law followed; to ensure that the workings of the Management Committee is on track with the aims and objectives of the Charity; to act if need be as a sounding board or in a mentoring capacity.

Structure

During the period covered by this report there were 4 trustees. At the time of this report there are 6 trustees as F. Doidge and I. Bazzani have recently been appointed. However J. Radley has indicated her intention to resign.

The trustees meet at least quarterly during each year.

The day to day running of the Charity is managed by the Management Committee which meets once per month or more often if necessary. This currently consists of 2 members, one of whom is also a Trustee. Additional volunteer members for the Management Committee are being sought.

Educational matters are discussed by a Tutors Group which meets several times a year.

The Trustees, Management Committee and Tutors Group all circulate agendas and notes of meetings to each other for information.

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College of Healing Limited For the Year Ended 31[st] March 2022

Management is carried out by the Management Committee which usually meets once per month. The Administrator attends for part of these meetings. The Administrator carries out decisions made by the Management Committee

Administration is carried out by a paid Administrator who is self-employed and reports both to the Management Committee and the Trustees.

Recruitment of Trustees

Trustees are recruited by specific invitation of individuals considered by the other Trustees to be suitable.

Activities and objectives in the year

The College is an educational charity whose core aim is to deliver healing courses, i.e. to deliver education in healing and cascading out information and experience.

We are not a charity that is carrying out healing, however membership and disseminating healing (advanced healing group) form part of the basic aims and objectives.

Achievements and performance, including public benefit

During the year 1[st] April 2021 – 31[st] March 2022

The College continued to run a 2-year Practitioner course 2019-2021 with 8 students registered. 1 student withdrew for personal/family reasons in July 2021.

In September 2021 a new cohort of 13 students started on the Practitioner Course 2021-23. This course currently has 12 students, as 1 student withdrew shortly after the start of the course.

The College supported the provision of 7 Introductory / Foundation Courses. These are 4-day Foundation courses to Energy and Spiritual Healing which are available to anyone with an interest in Healing to attend, run by facilitators accredited by the College and which help to recruit students for the Practitioner Course. The College does not run these courses but supports them administratively.

The College ran 2 x 6-day Advanced Healing Modules during the course of this year, attended by 5 students on each course. Advanced Healing Modules can act as CPD for professional Healing practitioners.

The College continued to run a monthly Advanced Healing Group of senior healers offering distance healing to anyone who requests it via our website. Recipients are encouraged to support this work via donations to the College but this is not obligatory.

One Magazine was published during the year for Members of the COHMA (College of Healing Membership Association).

Financial review including any debts and details of reserves policy

There has been a significant increase in income from the previous year, due to the following reasons:

  1. The previous year’s income was negatively affected by the Coronavirus pandemic.

  2. For part of the year, 2 of the College’s flagship Practitioner Courses were running concurrently.

  3. On the 2021-23 Practitioner Course, we have an unusually high number of participants (12). On previous recent courses the average has been 6-8 participants.

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College of Healing Limited For the Year Ended 31[st] March 2022

  1. On the current Practitioner Course, 4 out of 12 participants paid the full course fees of £2,800 early on during the course rather than in equal instalments for the whole duration of the course.

  2. A new advanced level course, the Tutor Training Course, started running.

  3. A greater number of Foundation Courses was run than during the previous year. The College receives commission on these courses. Some Foundation Courses were also run in Japan and the College received commission on these courses.

  4. Some legacy payments were received from Elida Maria Matusmoto.

The College continues to develop a range of suitable merchandise for sale either at events or courses, or online. Growth in this area is slow.

There are no debts and there is no reserves policy. The reserves fund represents the unrestricted funds arising from past operating results. Our policy is to build up reserves by means of annual operating surpluses if possible. General funds are currently in credit and have improved in the previous year. At the end of the year current reserves were at £36,587. (2021: £17,189).

Funds held as a custodian trustee

There are no funds held as a custodian trustee

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

D.E. Balen

Trustee

Date

4

College of Healing Limited For the Year Ended 31[st] March 2022

INDEPENDENT EXAMINERS REPORT

Independent Examiner’s Report to the trustees of College of Healing Limited

I report on the accounts for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Luke Keegan, ACMA. Chartered Management Accountant 1A The Homend Ledbury Herefordshire, HR8 1BN

Date:

5

College of Healing Limited For the Year Ended 31[st] March 2022

Statement of financial activities (including summary income and expenditure account)

Recommended categories by
activity
Notes
Income
Income and endowments from:
Donations and legacies
3
Charitable activities
3
Other trading activities
3
Investments
3
Total
Expenditure
Raising funds
4
Charitable activities
4
Support costs
4
Total
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
2021
£
£
£
641
641
885
40,095
40,095
13,985
1,815
1,815
565
2
2
4
42,553
42,553
15,438
1,455
1,455
1,088
13,330
13,330
4,940
8,370
8,370
8,740
23,155
23,155
14,767
19,398
19,398
671
17,189
17,189
16,518
36,587
36,587
17,189

6

College of Healing Limited For the Year Ended 31[st] March 2022

Balance sheet at 31[st] March 2022

Notes
Fixed assets
Tangible assets
Total fixed assets
Current assets
Cash at bank and in hand
7
Creditors: amounts falling due
within one year
6
Net current assets
Total assets less current
liabilities
Total net assets
Funds of the Charity
Restricted funds
Unrestricted funds
8
Total funds		 2022
2021
£
£
-
-
-
-
37,221
18,483
37,221
18,483
634
1294
36,587
17,189
36,587
17,189
36,587
17,189
-
-
36,587
17,189
36,587
17,189

For the year ended 31[st] March 2022, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

Approved by the board on

And signed on it behalf by:

D.E. Balen, Trustee

Date

7

College of Healing Limited For the Year Ended 31[st] March 2022

NOTES TO THE ACCOUNTS

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Note 2 Accounting policies

2.1 Income

2.1 Income
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
• it is more likely than not that the trustees will receive the resources;
• the monetary value can be measured with sufficient reliability.
Offsetting There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations Grants and donations are only included in the SoFA when the general
income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised
to the extent that the charity has provided the specified goods or services
as entitlement to the grant only occurs when the performance related
conditions are met (5.16 FRS 102 SORP).
Tax reclaims on Gift Aid receivable is included in income when there is a valid declaration
donations and gifts from the donor. Any Gift Aid amount recovered on a donation is
considered to be part of that gift and is treated as an addition to the same
fund as the initial donation unless the donor or the terms of the appeal have
specified otherwise.
Support costs The charity has incurred expenditure on support costs.
Volunteer help The value of any voluntary help received is not included in the accounts but
is described in the trustees’ annual report.
Income from interest, This is included in the accounts when receipt is probable and the amount
royalties and dividends receivable can be measured reliably.

8

College of Healing Limited For the Year Ended 31[st] March 2022

Income from membership Membership subscriptions received in the nature of a gift are recognised in subscriptions Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

2.2 Expenditure and Liabilities

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support Support costs have been allocated between governance costs and other costs support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date 2.3 Assets Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost use by charity at least £100. They are valued at cost. Where applicable, the depreciation rates and methods used are disclosed in the notes. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset The charity has investments which it holds for resale or pending their sale investments and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

9

College of Healing Limited For the Year Ended 31[st] March 2022

Note 3 Income

Analysis of income
Unrestricted
funds
Total
2022
2021
£
£
£
Donations
and legacies:
Donations and gifts
641
641
885
Total
641
641
885
Charitable
activities:
Membership Fees
2,493
2,493
3,086
Courses
37,602
37,602
10,899
Total
40,095
40,095
13,985
Other trading
activities:
Website and promotional activity
1,815
1,815
565
Total
1,815
1,815
565
Income from
investments:
Interest receivable
2
2
4
Total
2
2
4
TOTAL INCOME
42,553
42,553
15,438
Note 4 Expenditure
Analysis of expenditure
Unrestricted
funds
Total
2022
2021
£
£
£
Expenditure
on raising
funds:
Fundraising trading costs
635
635
463
Website and promotional activity
820
820
625
Total expenditure on raising funds
1,455
1,455
1,088
Expenditure
on charitable
activities
Courses
13,330
13,330
4,940
Total expenditure on charitable activities
13,330
13,330
4,940
Support
Costs
Sub-Contractor costs
5,674
5,674
5,841
General administrative costs
2,130
2,130
2,286
Legal and professional costs
566
566
613
Total other expenditure
8,370
8,370
8,740
TOTAL EXPENDITURE
23,155
23,155
14,767		 Unrestricted
funds
Total
2022
2021
£
£
£
641
641
885		 Unrestricted
funds
Total
2022
2021
£
£
£
641
641
885
641
641
885
2,493
2,493
3,086
37,602
37,602
10,899
40,095
40,095
13,985
1,815
1,815
565
1,815
1,815
565
2
2
4
2
2
4
42,553
42,553
15,438
Unrestricted
funds
Total
2022
2021
£
£
£
635
635
463
820
820
625
1,455
1,455
1,088
13,330
13,330
4,940
13,330
13,330
4,940
5,674
5,674
5,841
2,130
2,130
2,286
566
566
613
8,370
8,370
8,740
23,155
23,155
14,767

The Charity has no employees, staff costs for administration are on a sub-contracted labour basis. The Trustees received no remuneration or expenses during the year.

10

College of Healing Limited For the Year Ended 31[st] March 2022

Note 5 Details of certain types of expenditure

Independent examiner’s fees

2022 2021 £ 613 660

Note 6 Creditors and accruals

Analysis of creditors

Analysis of creditors
Accruals and deferred income
Total		 2022
2021
£
£
634
1,294
634
1,294

Note 7 Cash at bank and in hand

Cash at bank and on hand
Total		 2022
2021
£
£
36,702
18,068
36,702
18,068

Note 8 Charity funds

8.1 Details of material funds held and movements during the CURRENT reporting period

Fund names
Type
Purpose and
Restrictions
General Fund
U
Total Funds as per balance sheet		 Fund
balances
brought
forward
Income
Expenses
Transfers
Fund
balances
carried
forward
£
£
£
£
£
17,189
42,553
(23,155)
-
36,587
17,189
42,553
(23,155)
-
36,587

8.2 Details of material funds held and movements during the PREVIOUS reporting period

Fund names
Type
Purpose and
Restrictions
General Fund
U
Total Funds as per balance sheet		 Fund
balances
brought
forward
Income
Expenses
Transfers
Fund
balances
carried
forward
£
£
£
£
£
16,518
15,438
(14,767)
-
17,189
16,518
15,438
(14,767)
-
17,189

11

College of Healing Limited For the Year Ended 31[st] March 2022

Note 9 Transactions with trustees and related parties

9.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

9.2 Trustees' expenses

No trustee expenses have been incurred.

9.3 Transaction(s) with related parties

The following related party transactions were incurred during the period:

Name of the
trustee and
(related party)		 Relationship to
charity		 Description of the
transaction(s)
2022 2021
£ £
D Balen (Balens Ltd) Director of Balens Insurance purchased from 195 195
Ltd Balens Ltd
D Balen (Balens Ltd) Director of Balens Student Insurance purchased 46 45
Ltd from Balens Ltd
D Balen (Balens Ltd) Director of Balens Room Hire 820 780
Ltd
D Balen (Balens Ltd) Director of Balens Purchase of 2ndhand computer - -
Ltd
J Radley Director & Trustee Teaching fees and expenses - 950
paid to J Radley
D O’Connell Spouse of D Balen Supervision Fees 2,905 200

Note 10 Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of winding up, such an amount as may be required, not exceeding £1.

Note 11 General Information

College of Healing Limited is a private company, limited by guarantee, incorporated in England and Wales, registered number 02142527. The registered address is 1A The Homend, Ledbury, Herefordshire, HR8 1BN

12

College of Healing Limited For the Year Ended 31[st] March 2022

Detailed Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Membership Fees
Courses
Other trading activities
Website and promotional activity
Investments
Interest receivable
Total Incoming and endowments
Expenditure:
Costs of other trading activities
Website and promotional activity
Charitable activities
Courses
Support costs
Sub-contractor fees
Computer & IT
Bank charges
General insurances
Print, postage and stationery
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Accountancy and book keeping
Total expenditure
Net gains on investments
Net Income/(expenditure)
Net movement in funds		 2022
2021
£
£
641
885
641
885
2,493
3,086
37,602
10,899
40,095
13,985
1,815
565
1,815
565
2
4
2
4
42,553
15,438
635
463
820
625
1,455
1,088
13,330
4,940
13,330
4,940
5,674
5,841
438
404
262
69
195
188
878
1,260
180
100
177
264
7,804
8,127
566
613
566
613
23,155
14,767
-
-
19,398
671
19,398
671

13