OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

Charity registration number 1110500

Company registration number 05335841 (England and Wales)

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

LEGAL AND ADMINISTRATIVE INFORMATION

Directors and Trustees
Senior Management
Treasurer
Charity number
Company number
Registered office
Independent examiner
Bankers
Website		 W K Ridley
O L Lee (Chair)
G T Lama
(Resigned on 02 September 2025)
E M Ström
D S Cutts
J A Costello
(Resigned on 22 June 2026)
L S Seedhouse
Victoria Coleman – Executive Director
D S Cutts
1110500
05335841
93 Tabernacle Street
London
England
EC2A 4BA
David Terry FCA
RAA Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
The Co-operative Bank Plc
Skelmersdale
WN8 6WT
The Charity Bank Limited
Fosse House
182 High Street
Tonbridge
TN91BE
www.compassionandwisdom.org

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 21

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, provisions of Charities Act 2011, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Foundation for Developing Compassion and Wisdom (“FDCW”) was established to support people to live happy lives. It provides training and resources to develop a warm heart, deeper understanding of the mind and responsibility for the welfare of others and a wise mind. FDCW takes inspiration from its Patron, the Dalai Lama, who said:-

We have to think about the whole of humanity, not just my group. We can achieve this through education, one of whose roles is to reduce the gap between appearance and reality. The appearance is that there is a difference between “them” and “us”, while the reality is that humanity is one.

FDCW program content is rooted in the ancient wisdom of Buddhist philosophy and psychology as well as modern psychology and sciences of the mind such as neuroscience. These methods reach thousands of people across the world through a dedicated and growing network of more than 100 FDCW trained facilitators active throughout 24 countries and a wide range of free resources.

Achievements and performance

Throughout the year FDCW trained facilitators have uncovered new pathways to bring FDCW programs into their communities resulting in positive change for many adults and children around the world.

FDCW’s free resources offer another effective way for people to access tools for living a happier life. 2025 saw a record number of resources downloaded. One user commented:

I work for Woman’s Aid to support children who are living with and experiencing Domestic abuse. I feel that this

toolkit will definitely help.

Other highlights from the year include the successful launch of the 16 Guidelines Meditations Course , the creation of a brand new Facilitation Skills Training program, and the new Compassion Collective project designed to provide a stable financial foundation for FDCW’s work.

16 Guidelines in Schools

Nepal

A successful 16 Guidelines training took place in Tsoknyi Gechak Ling school in February 2025. The training was designed for teachers at the school and was led by FDCW trained facilitators Marian O’Dwyer and Ceci Buzon.

FDCW trained facilitator, Maria Luisa Costantino provided 16G training to three schools in remote areas of Uttargaya, Nepal during Spring. Each school was offered a set of 16 Guidelines Cards to support putting what was learned into practice. This will be an annual training with the support of the University of Verona.

Read the article Spreading Wisdom: 16 Guidelines Activities in Italy and Nepal 2024–2025

Italy

During 2025 the 16 Guidelines was provided as a student course at University of Verona. There is then the opportunity to study 16G further outside the University with courses and retreat run by FDCW trained facilitators, Maria Luisa and Sabrina DeChirico. Ten educators have been offering 16 Guidelines Level 1 and Level 2 courses in primary schools throughout Verona. Many FDCW materials such as the 16 Guidelines book and Ready Set Happy have been translated into Italian for use in schools.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

Mongolia

FDCW partners with FPMT Mongolia to share the 16 Guidelines program with people there. 2025 was a very busy year with many trainings taking place. FDCW trained facilitator Munkhnasan Zanabazar led a 16 Guidelines training for 18 kindergarten teachers in June followed by a 10 week Building on the Basics course. 16 Guidelines Level 1 training for teenagers took place in May followed by a Building on the Basics course for teenagers. A clever board game was designed to introduce the 16 Guidelines and the Four Wisdom Themes and interviews given on National TV to raise awareness of 16 Guidelines. FDCW’s resource for children, Ready Set Happy, was translated into Mongolian.

Russia

A 1 6 Guidelines Facilitator training took place over six weeks from October to December for students from Russia by FDCW trained facilitators Marian O’Dwyer and Ceci Buzon. The intention is that this group will be able to lead 16 Guidelines courses in their own language in the future – and particularly introduce the 16 Guidelines into schools in Russia. You can read about the journey of the Russia group with the 16 Guidelines program and their aspiration to bring these healing tools to children here: 16 Guidelines in Russia: From Guiding Children to Guiding Communities

Israel

FDCW partners with a non-profit called Dreamers Home in Israel. Over 2,000 people have now benefited from the 16 Guidelines methods. During March 2025 Dreamers introduced the 16 Guidelines program into schools throughout the Tel Aviv district. 170 schools in the district were invited to participate in the 16 Guidelines program as part of an “Attention Revolution” Policy to support children’s learning. The program has also been provided at schools with Arab children with the aim that this program is available for all children in Israel regardless of their religion.

India

FDCW trained Facilitator Ceci Buzon attended Akshy School in Bodhgaya for her annual 16 Guidelines training for teachers. Teachers from nearby Maitreya School also join the training. Akshy Founder Raquel Mason arranged for the 16 Guidelines book to be translated into Hindi which is making a real difference in how teachers engage with the program saying:

Meditations for the children at school are improving a lot, and both headteachers are now truly committed. I have always believed that 16G in India should be taught by local people and this is a beautiful step in that direction.

New Course: 16 Guidelines Meditations

A new course was piloted in 2024 and launched in 2025. The 16 Guidelines Meditations Course has proved to be an effective, adaptable and popular course. The new course can be facilitated by people who are not FDCW trained facilitators. The course is available in both English and Spanish, and is being translated into French. The course was downloaded from our website more than 200 times in 2025 . Groups in Spain, UK, France, Russia, Denmark, Netherlands, Belgium, Mongolia, USA, Canada, India, Malaysia, Australia, New Zealand and Mexico are enthusiastically embracing the new course.

Adapting Courses for Visually Impaired

During October to December, FDCW’s partner FPMT Mongolia adapted FDCW’s Building on the Basics 16 Guidelines program then introduced the program at the National Association for the Blind. 22 people joined this 10 week training including weekly home practice adapted for those with visual limitations.

In October the 16 Guidelines program was adapted for family-centered training . We are grateful to FPMT Mongolia and FDCW trained facilitators Oyuntugs Bayaraa, Tsogzolmaa Ravdan and Munkhnasan Zanabazar for their skill in translating and adapting the FDCW materials and sharing these methods so effectively.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

Skills Training

FDCW partner Dreamers Home in Israel reported a successful Level 3 Facilitators Training delivered in Hebrew . Eighteen new Israeli Facilitators were trained.

During summer FDCW developed a two-hour facilitation skills training to support those who download and share FDCW resources and courses like 16 Guidelines Meditations. The training covers eight core facilitation skills.

Fundraising

In December FDCW launched a campaign inviting people to become monthly supporters of our work. The idea is to build a firm foundation of loyal funders to sustain and support our work of benefiting others. Our target is 50 monthly donors by the end of 2026 and we are halfway there! To find out more and help us meet our target, see The Compassion Collective.

Looking Ahead

During 2026, FDCW plans to achieve greater impact by:

Above all, we will support our compassionate community of FDCW trained facilitators, partners and volunteers who share these tools with others. We are committed to serving them and strengthening the connections that make this global network so impactful.

Our Volunteers

FDCW relies on a strong team of volunteers. One of FDCW’s trustees offered a considerable amount of her time developing and delivering training during the year. FDCW very much values the contributions made by its volunteers.

Public benefit statement

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities.

Financial review

The Statement of Financial Activities showed a net surplus of £6,331 (2024 – net deficit of £64,139) for the year and reserves stand at £80,955 (2024 – £74,624).

The Board is delighted that the budget and funds have been managed in such a way this year so that there are surplus unrestricted funds available for allocation towards the 2026 budget.

Reserves policy

It is the policy of the Trustees to maintain free reserves at a level equivalent to at least three months running costs to enable the Charity to meet its obligations in the short term together with funds to cover any unforeseen deficits or revenue shortfalls. The trustees have estimated the reserves needed are £30,000.

Three months running costs are calculated on the basis of projected expenditure, with no allowance made for projected income. The Directors consider that the Charity’s reserves will enhance the services provided and provide financial security for the future.

As at 31st December 2025 financial statements showed reserves of £80,955 (2024 - £74,624) of which £66,879 (2024 - £64,624) was general, £14,076 (2024 - £10,000) was designated and £Nil (2024 - £Nil) was restricted. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £66,879 (2024 - £64,464).

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

Principal Funding Sources

FDCW receives annual funding from The Camellia Foundation. It receives regular, generous support from the Foundation for Preserving the Mahayana Tradition. FDCW also receives funding from the Chair of the Board of its trustees, Ms Oi Loon Lee.

Structure, governance and management

Governing document

Foundation for Developing Compassion and Wisdom (the word ‘Limited’ being omitted by licence from the Department of Trade) is registered as a company limited by guarantee and not having a capital divided by shares.

The company was incorporated on 18th January 2005 and is a registered charity constituted as a Limited Company under the Memorandum and Articles of Association. The charity registration number is 1110500 and the company registration number is 05335841.

Recruitment and appointment of Trustees

As set out in the Articles of Association the Chair of the Trustees is nominated by Foundation for Developing Compassion and Wisdom. The Directors of the organisation are also the charity trustees for the purposes of charity law.

The Trustees have no beneficial interest in the company other than as members. The Trustees are also the directors of the company. All of the Trustees are members of the company and guarantee to contribute £1 in event of winding up.

Organisation structure

FDCW has a Board of six trustees spread across UK, Australia and Malaysia. The Executive Director reports to the trustees during quarterly meetings. The Operations Manager and the Communications and Marketing Manager report to the Executive Director.

Trustee induction and training

Trustees joining FDCW's Board receive training and necessary documentation in order to make them fully aware of FDCW's past and current activities as well as financial and risk management. All trustees have completed safeguarding training and have signed an Ethical Policy of conduct.

Risk management

The Board of Trustees carried out a review of the Risk Register in March 2025. The level of risk in the following areas were reviewed and assessed: Governance, External Risk, Regulatory and Compliance, Financial and Operations. Areas deemed to be higher risk were identified and steps put in place to address and ameliorate these.

Related parties

Ms Oi Loon Lee is the Chair of the Board of Trustees and has offered generous funding to FDCW over several years. Ms Wendy Ridley is a Trustee on the Board and offers her time for free to develop and deliver courses and training for FDCW.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

Statement of Trustees' responsibilities

The Trustees, who are also the directors of Foundation for Developing Compassion and Wisdom for the purpose of company law, are responsible for preparing the Trustees' Report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.

The Trustees (who are also the directors of the company for the purposes of company law) consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and under the provisions of section 477 of the Companies Act and that an independent examination is needed. The Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006

relating to small companies.

The Trustees' report was approved by the Board of Trustees and signed on its behalf by:

W K Ridley Trustee

Dated: 29 June 2026

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

I report to the Trustees on my examination of the financial statements of Foundation for Developing Compassion and Wisdom (the charitable company) for the year ended 31 December 2025.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my independent examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the Trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

David Terry FCA

RAA Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 29 June 2026

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
3
85,421
20,000
Income from charitable activities
4
3,070
-
Investments
5
1,628
-
Total income
90,119
20,000
Expenditure on:
Raising funds
6
10,519
-
Charitable activities
7
73,269
20,000
Total expenditure
83,788
20,000
Net income/(expenditure) for the year/
Net movement in funds
6,331
-
Fund balances at 1 January 2025
74,624
-
Fund balances at 31 December 2025
80,955
-		 Total
2025
£
105,421
3,070
1,628
110,119
10,519
93,269
103,788
6,331
74,624
80,955		 Total
2024
£
32,741
7,823
2,509
43,073
9,674
97,538
107,212
(64,139)
138,763
74,624

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 9 to 21 form part of these financial statements.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charitable company
Unrestricted funds including Designated
funds
15		 £
469
88,419
88,888
(7,933)		 2025
£
-
80,955
80,955
80,955
80,955		 £
425
79,974
80,399
(5,935)		 2024
£
160
74,464
74,624
74,624
74,624

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.

The directors acknowledge their responsibilities for:

a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved by the Trustees on 29 June 2026 and were signed on its behalf by:

D S Cutts W K Ridley Trustee Trustee

Company registration number 05335841 (England and Wales)

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Company information

Foundation for Developing Compassion and Wisdom is a private company limited by guarantee incorporated in England and Wales. The registered office is 93 Tabernacle Street, London, England, EC2A 4BA.

1.1 Accounting convention

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements 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 principal accounting policies adopted are set out below.

1.2 Legal status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Going concern

The charity’s accounts show a net surplus of £6,331 (2024 – net deficit £64,139) for the period and free reserves of £66,879 (2024 – £64,464).The Board is delighted that the budget and funds have been managed in such a way this year so that there are surplus unrestricted funds available for allocation towards the 2026 budget. The charity also recently received £64,000 funds from a past donor. Therefore the Trustees are satisfied that charity has sufficient funds for the next 12 months and on this basis the charity is a going concern.

1.4 Charitable funds

The general fund comprises those monies, which may be used towards meeting the charitable objectives of the company at the discretion of the Management Board.

The designated funds are monies set aside out of general funds and designated for specific purposes by the Management Board.

The restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor imposed conditions.

1.5 Incoming resources

All income is included in the consolidated SOFA when the charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grant income

Grants are credited to the SOFA when the charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related.

Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.

Donations and legacies

Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.

Training income

Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract, in the form of training fees.

Investment income

Investment income is included when receivable.

1.6 Volunteers and donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refers to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.7 Expenditure recognition and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance costs, finance, and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 8.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.9 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The cost of minor additions or those costing less than £250 are not capitalised.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

4 Years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.12 Taxation

The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

1.13 Creditors and Provisions

Creditors and Provisions are recognised when the charitable company has a legal or constructive present obligation as a result of a past event, it is probable that the charitable company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.14 Pension Costs

The charity operates a defined contribution pension scheme, the assets of which are held separately from those of the charity. Pension costs are charged to the SOFA in the period to which they relate.

1.15 Cash flow statement

The charitable company qualifies as a small company and advantage has been taken of the exemption provided by Statement of Financial Activities (FRS 102), not to prepare a cash flow statement.

1.16 Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Statement of Financial Activities.

1.17 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
Foundation for the Preservation of
the Mahayana Tradition, Inc
61,295
-
Bodhicitta Trust
8,640
-
Other Donations
15,486
-
Camellia Foundation
-
20,000
85,421
20,000
For the year ended 31 December 2024
12,741
20,000		 Total
2025
£
61,295
8,640
15,486
20,000
105,421		 Total
2024
£
-
8,640
4,101
20,000
32,741
32,741

4 Income from charitable activities

Training
income
Resource
distribution
£
£
Donations in kind
2,840
-
Publication Sales
-
230
2,840
230
Analysis by fund
Unrestricted funds
2,840
230
2,840
230
For the year ended 31 December 2024
Unrestricted funds
3,672
4,151
3,672
4,151		 Total
2025
£
2,840
230
3,070
3,070
3,070		 Total
2024
£
3,672
4,151
7,823
7,823
7,823
7,823
7,823

The donations in kind are recognised within income as charitable activities, and corresponding charges included within direct project costs. The values placed on these contributions by the charity are:

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

5 Investments

Unrestricted
funds
£
Bank Interest
1,628
1,628
For the year ended 31 December 2024
2,509		 Total
2025
£
1,628
1,628		 Total
2024
£
2,509
2,509
2,509

6 Raising funds

Unrestricted
funds
£
Staff costs
7,065
Share of Support costs
2,807
Share of Goverance costs
647
10,519
For the year ended 31 December 2024
9,674
9,674		 Total
2025
£
7,065
2,807
647
10,519		 Total
2024
£
6,711
2,423
540
9,674
9,674
9,674

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Expenditure on charitable activities

Training Communications
Resource
distribution
2025
2025
2025
£
£
£
Direct costs
Staff costs
3,909
24,365
28,552
Direct project costs
160
568
3,682
Communications and IT Costs
-
1,412
-
4,069
26,345
32,234
Share of support and governance costs (see note 8)
Support
1,617
10,463
12,803
Governance
373
2,413
2,952
6,059
39,221
47,989
Analysis by fund
Unrestricted funds
6,059
19,221
47,989
Restricted funds
-
20,000
-
6,059
39,221
47,989		 Total
2025
£
56,826
4,410
1,412
62,648
24,883
5,738
93,269
73,269
20,000
93,269		 Total
2024
£
56,301
6,183
5,182
67,666
24,428
5,444
97,538
77,538
20,000
97,538

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s five key activity undertaken in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of a proportion of direct costs, allocated to each activity.

Support Governance
costs
costs
£
£
Staff costs
18,661
3,805
Depreciation
160
-
Communications
3,244
-
Insurance
1,136
-
Bank charges & exchange differences
289
-
Miscellaneous expenses
2,583
-
Legal and professional fees
643
-
Independent examination fees
974
2,580
27,690
6,385
Analysed between
Fundraising
2,807
647
Charitable activities
24,883
5,738
27,690
6,385		 Total
2025
£
22,466
160
3,244
1,136
289
2,583
643
3,554
34,075
3,454
30,621
34,075		 Total
2024
£
21,115
1,395
3,525
1,072
408
1,605
492
3,223
32,835
2,963
29,872
32,835
9 Net Income/(Expenditure) for the year
Net movement in funds is shown after charging:
Depreciation of tangible fixed assets
Independent Examiner's Fees
Independent Examination
Other Services		 2025
£
160
2,580
974
3,554		 2024
£
1,395
2,400
823
3,223

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Direct Charitable work 2 2
2 2
2025 2024
£ £
Wages and salaries 84,788 82,812
Social security costs 256 -
Pension costs 1,314 1,314
86,358 84,126

There were no employees whose annual emoluments were £60,000 or more.

None of the Trustees received any remuneration or reimbursement of expenses during the year (2024 - £Nil).

The key management personnel of the charity comprise the Executive Director. The total employee benefits of the key management personnel of the charity were £38,050 (2024 - £35,840).

11 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 January 2025 7,418
Disposals (1,240)
At 31 December 2025 6,178
Depreciation and impairment
At 1 January 2025 7,258
Depreciation charged in the year 160
Eliminated in respect of disposals (1,240)
At 31 December 2025 6,178
Carrying amount
At 31 December 2025 -
At 31 December 2024 160

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12
Debtors
Amounts falling due within one year:
Prepayments
13
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 2025
£
469
469
2025
£
458
3,150
4,325
7,933		 2024
£
425
425
2024
£
-
342
5,593
5,935

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Balance at
1 January resources expended 1 January resources expended 31 December 2025
2024 2025
£ £ £ £ £ £ £ £
Individual Benefactor 4 4,031 - - (4,031) - - - -
Camellia Foundation - 20,000 (20,000) - - 20,000 (20,000) -
4,031 20,000 (20,000) (4,031) - 20,000 (20,000) -

Description, nature and purpose of restricted funds:

Camellia Foundation :- Towards communications and marketing department staff costs.

Individual Benefactor #4 :-The unspent balance was transferred to unrestricted funds in accordance with the wishes of the benefactor.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds

Balance at Incoming Resources Balance at Resources Transfers Balance at
1 January 2024 resources expended 1 January 2025 expended 31 December 2025
£ £ £ £ £ £ £
Redundancy fund 10,000 - - 10,000 - 4,076 14,076
10,000 - - 10,000 - 4,076 14,076

Description, nature and purpose of designated funds:

Redundancy fund :- Funds set aside to cover redundancies due to two staff contracts becoming permanent.

Docusign Envelope ID: 69C08920-5E79-81B5-83AB-780FC649B5CBDocusign Envelope ID: 3A7E2B40-222E-88BD-83ED-586BF4BBFC1D

FOUNDATION FOR DEVELOPING COMPASSION AND WISDOM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

16 Analysis of net assets between funds

Unrestricted
Designated
funds
funds
£
£
At 31 December 2025:
Current assets/(liabilities)
66,879
14,076
66,879
14,076
Unrestricted
Designated
funds
funds
£
£
At 31 December 2024:
Tangible assets
160
-
Current assets/(liabilities)
64,464
10,000
64,624
10,000		 Total
2025
£
80,955
80,955
Total
2024
£
160
74,464
74,624

17 Related party transactions

During the year Charity received donations totalling £9,875 (2024 - £Nil) and donations in kind amounting to £2,840 (2024 - £3,672) from Trustees and related organisations.