**REGISTERED COMPANY NUMBER: 09561665 (England and Wales) REGISTERED CHARITY NUMBER: 1163320**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022
for Bodhi College (A Company Limited by Guarantee)
Bodhi College
Contents of the Financial Statements for the Year Ended 31 December 2022
||Page|
|---|---|
|Report of the Trustees|1 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10 to 11|
|Notes to the Financial Statements|12 to 17|
|Detailed Statement of Financial Activities|18 to 19|
Bodhi College
## Report of the Trustees for the Year Ended 31 December 2022
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Bodhi College is a European educational centre for meditative learning, critical examination and practical cultivation of the Dharma as found in the early strata of Buddhist texts. While primarily focused on the sutta (discourses) and vinaya (monastic training) sections of the Pali canon, the College gives equal significance to comparable materials recorded in any of the prakrits, Sanskrit, Chinese, Tibetan and other Asian languages.
Bodhi College aspires to recover core insights of early Buddhist teachings so as to develop fresh ways of understanding the Dharma today. It seeks to provide a contemplative education that inspires students to realise the values of the Dharma in the context of this secular age and culture. In the spirit of Buddha's teaching and his middle approach, Bodhi College is committed to a middle way of human awakening that integrates theory with practice, encouraging both personal fulfilment and social engagement.
To this end, the College offers a year-round programme of courses, workshops, lectures, and colloquia which enable students to access the rich and often untapped resources of the early texts and acquire the linguistic, hermeneutic, psychological and historical skills to understand them in ways that can be applied to contemporary needs.
Bodhi College is spatially virtual; it provides a number of teaching activities held in different venues, both in Europe and the UK as well as online courses, led by a teacher faculty. Bodhi College is open to Buddhists and non-Buddhists alike, to people of any faith or none, to those who use mindfulness for its therapeutic value, as much as those for whom meditation is part of their religious practice.
## **Significant activities**
As post-pandemic restrictions continued to ease and travel confidence returned, the 2022 programme saw a welcome return to a larger proportion of in-person courses and retreats, with greater numbers of participants.
The programme also included online offerings to give students more choice and to make teachings accessible to larger numbers. Online courses included the Group Mentoring Programme, which ran over four weeks, Dhammapada, a five-week online study programme, and the College’s first chanting retreat, Letting the Suttas Sing.
A new online Sangha was introduced, the Uposatha Sangha, and proved very popular with 231 subscriptions. This has been renewed in 2023. Another ‘Thinking Out Loud’ series of online sessions took place in Autumn 2022 and was again offered on a Dana only basis. Dana is shared between Bodhi College and the teachers involved.
50% of the Dana received by the College from the Sangha and the online Dana sessions is donated to the Development Fund, and 50% to the Bursary Fund.
Page 1
Bodhi College
Report of the Trustees for the Year Ended 31 December 2022
## **Public benefit**
The main activities in support of our charitable objectives are described in earlier sections of this report.
## **Social investments**
Bodhi College seeks to encourage participation from a wide range of students and provides bursaries, as a social investment, to enable people to participate who would otherwise not be able to afford to.
## **Volunteers**
Bodhi College is supported by other centres, teachers, trustees and volunteers who assist with the running of retreat and support the outreach work of the College. As Bodhi College looks to the future and potential fundraising projects, it is anticipated that volunteers will continue to assist.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charitable activities are outlined in the 'Objective and Activities' section of our report.
During the year the College offered a mix of online and in-person courses and retreats. 2022 saw the final module of the current Secular Dharma Extended Programme (17 students) and the continuation of the CPP Programme (32 students).
The College welcomed 153 students on physical courses and retreats, with 434 registrations on online courses. A new online Sangha was introduced, with 231 subscribers.
Digital recordings were also offered via the charity’s websites, providing an additional revenue stream, and making information accessible to larger numbers of participants.
Following the release of the 2023 programme, advanced bookings are broadly in line with expectations and bookings for all courses are generally sufficiently well subscribed.
## **Fundraising activities**
No specific fundraising events were held during 2022.
The charity invites donations to the Bursary Fund and our Development Fund via the website and from students participating in retreats and courses. A small number of donors have monthly standing orders to donate to the funds.
Page 2
Bodhi College
Report of the Trustees for the Year Ended 31 December 2022
## **ACHIEVEMENT AND PERFORMANCE**
## **Financial review**
Since its formation in 2015, the charity has been able to achieve small surpluses each year, with 2021 being the first exception. The charity prices courses in such a way as to attract sufficient bookings and cover direct costs and overheads, whilst making the courses as financially accessible as possible to potential participants.
In terms of financial performance, 2021 was an extraordinary year. Many of the planned courses and retreats had to be delivered in an online format rather than in-person, resulting in a sharp decrease in direct costs. Whilst students were offered refunds to reflect the change, many generously donated these to the College to support the charity during those unprecedented times. The overall effect was that an unusually high surplus was generated.
In 2022, the trustees decided to return to in-person courses and retreats, recognising the risks involved. The associated venue hire and teacher costs, including travelling expenses, meant that direct costs were back in line with pre-pandemic levels. Income did increase in 2022, but the surplus was smaller due to the costs incurred. Donation income also decreased partly because fewer students cancelled, and consequently less refunded money was accounted as donation income. While the surplus in 2022 was lower than the 2021 result, this is purely because 2021 was an exceptional year. The trustees view the surplus achieved as a good result for the year.
In 2022 the charity continued to invest in IT and marketing, to expand and enhance the College’s on-line presence, and to set up an online Sangha. The Board allocated funds from the Development Fund to cover this. The charity receives no external form of support or financial assistance, other than the generosity of the students and teachers.
## **FINANCIAL REVIEW**
## **Financial position**
Income generated from on-line and physical course fees (and recordings) in 2022 was £235,641 (£183,939 in 2021). Total resources expended were £236,991 (£133,760 in 2021). Online Dana and regular donations (including Gift Aid) totalled £14,926 for the year (£21,512 in 2021) resulting in an operating surplus (supported by allocations from the Bursary and Development Funds) of £13,576 for the year (£71,691 in 2021). As discussed in the Financial Review section of this report, it was anticipated that the surplus would be lower in 2022 due to the expected increase in direct costs, and a return to more usual levels of donation income than that received in 2021.
During the 2022 financial year the charity provided support to retreatants from the Bursary Fund in the amount of £2,647 (£19,982 in 2021). 2021 awards were largely in relation to extended programmes which is why the figure in 2021 was unusually high.
The accounts show an accumulated surplus at the end of 2022 of £140,235 (£149,713 as of 31st December 2021). After allocations from the Bursary and Development Funds, overall charity funds decreased by £9,478 during the 2022 financial year. The Board is confident that this small decrease in funds is an unusual circumstance and reflects the transition period moving back to in-person courses.
As of 31st December 2022, advance bookings for the 2023 and extended programmes currently stand at £118,691 (£242,881 in 2021). The decrease is due to the completion of extended programmes in 2022 and 2023. Bookings do continue during the programme year.
Page 3
Bodhi College
## Report of the Trustees for the Year Ended 31 December 2022
## **FINANCIAL REVIEW**
## **Financial position**
The charity continues to receive development donation income with a few donors making regular monthly donations to help support the charity as it develops. Whilst the charity does not rely on this income to cover direct costs, funds were allocated in 2022 to IT and marketing expenditures, to facilitate system improvements and support the growth of the charity.
The charity also continues to receive donations to its Bursary Fund, which have allowed it to offer financial support, where appropriate, to make the courses available to those who would otherwise not be able access them for financial reasons.
## **Principal funding sources**
The principal funding source of the charity is the income generated by the provision of the course programme along with one-off and regular donations to the Bursary and Development Funds.
## **Reserves policy**
The Board tries to hold cash reserves equivalent to three months outgoings to enable the charity to continue in the event of a major drop in income resulting from unforeseen circumstances or emergencies. Given the charity is small and relatively new, it is not possible to manage reserves accurately to this level just yet.
## **FUTURE PLANS**
As detailed in the 2021 report, it was the intention of the charity to return to offering physically located courses, but that these would run alongside an enhanced on-line offering, giving students options in terms of choosing how to attend. The charity has progressed well with this in 2022 and will continue to develop and fine-tune the mix of in-person and online offerings in future programmes.
An on-line platform allows the charity to reach to a wider range and larger number of participants. It provides a reduction in costs and an environmental benefit from a reduction in travelling for teachers and participants. The creation of a new online Sangha in 2022 is a great example of how the College is embracing technology to connect with students. This is being renewed in 2023.
Physical courses will remain in future programmes, and the Board intends to continue strengthening its relationship with existing venues, whilst exploring the possibility of collaborative relationships with new sites, both in the UK and in mainland Europe.
The Board and the teaching faculty are keen to cultivate the next generation of teachers, allowing the charity to continue to offer teachings in years to come. Consideration is currently being given to further teacher training programmes, and the Board is exploring other ways that the charity can invest and expand the roster of teachers available to deliver courses.
The Board, supported by the work of the College Director and Coordinator, is also investigating further fundraising projects.
Page 4
Bodhi College
## Report of the Trustees for the Year Ended 31 December 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is controlled by its governing documents, its Articles and Memorandum of Association dated 6[th] May 2015 and its Core Faculty and Trust Memorandum of Understanding dated 11[th] April 2016 and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
All trustees give their time voluntarily and receive no benefits from the charity. Expenses are reclaimed by some, and this is noted in the accounts.
The Trust seeks to build and maintain a breadth of skills and professional experiences amongst its members.
New trustees are recruited via email, newsletter and by personal approaches. It is important for trustees to have an understanding of the work of the charity, so it is normally necessary for potential trustees to have attended meditative retreats or courses before they can be seriously considered as a trustee.
## **Organisational structure**
In 2022 the Board was expanded from six to seven members. The Board meet (actually or virtually) on a quarterly basis. This includes an annual strategy meeting, to develop the strategic direction and policies of the charity.
Bodhi College has a Teacher Faculty of ten teachers who teach Bodhi College courses and have a particular commitment to the charity’s objectives. They also provide valuable advice on policy, strategy and operational issues. These teachers receive a mix of fixed fees and Dana payments (voluntary donations) from people who attend Bodhi College courses.
Day to day responsibility for operations is delegated to the College Director and the College Coordinator, supported by specialists engaged on a self-employed basis providing assistance in areas such as information technology and accountancy.
The College Director is based in Denmark. The charity has ensured that all necessary protocols are correctly in place to facilitate paying remuneration to a non-UK based member of staff. The Danish authorities are also furnished with the charity accounts as required.
## **Decision making**
The Board, consisting of seven trustees, meets quarterly to develop the strategic direction and policies for the charity. The College Director and Coordinator also attend the Trust meetings to furnish the Board with information relating to the day to day running of the charity and advanced booking information, necessary to allow them to make informed decisions. The Board makes decisions based on consensus, allowing individual views and concerns to be addressed as thoroughly as possible.
Page 5
Bodhi College
## Report of the Trustees for the Year Ended 31 December 2022
The College Director is responsible for operations and programme delivery, supported by the College Coordinator who handles bookings, liaises with retreatants and venues, and is responsible for capturing data within the accounting software system. The College Director also oversees development activities and the implementation of strategic aims, subject to approval by the Board, budgets, and cultivating new contacts and opportunities for the charity.
## **Induction and training of new trustees**
Attendance on retreats is an effective induction to the work of the charity. The majority of the initial and existing Trustees were involved in the inception and formation of the charity and so no formal induction was required. The Board is formulating a formal process which would be implemented for future Trustee applicants.
## **Wider network**
Bodhi College has links with a wide network of mindfulness and meditation organisations, most notably with Gaia House Trust, Ogwell, Newton Abbot, and Sharpham House, Ashprington, Totnes, both in the UK and Meditationszentrum Beatenberg, in Switzerland. Through its teachers it maintains close links with Mindfulness Programmes at Oxford, Exeter and Bangor universities.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 6
Bodhi College
Report of the Trustees for the Year Ended 31 December 2022
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
09561665 (England and Wales)
**Registered Charity number** 1163320
## **Registered office**
4 Dartside Totnes Devon TQ9 5HL
## **Trustees**
Mr G Born Until 21[st] April 2022 Ms O Cho From 23[rd] October 2022 R Fernyhough Ms B Huber-Jordi Ms P Puig From 23[rd] October 2022 Ms C Rusling Ms G Stoecklmair Mr S M G Williams (Chair)
**Company Secretary** Ms G Stoecklmair
## **Independent examiner**
Mrs Catherine Flannery South Devon Accounting 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
Approved by order of the Board of trustees on 5[th] May 2023 and signed on its behalf by:
…......................................
S M G Williams – Chairman
Page 7
Independent Examiner's Report to the Trustees of Bodhi College
## **Independent examiner's report to the trustees of Bodhi College ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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 accounts to be reached.
Mrs Catherine Flannery South Devon Accounting 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
10[th] April 2023 Date: .............................................
Page 8
Bodhi College
## Statement of Financial Activities for the Year Ended 31 December 2022
|Unrestricted
funds
Restricted
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
9,554
5,372
Other trading activities
3
235,641
-
Investment income
4
1
-
**Total**
245,196
5,372
**EXPENDITURE ON**
Charitable activities
236,992
-
**NET INCOME**
8,204
5,372
**Transfers between funds**
13
(1,190)
1,190
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of funds
(Allocations of Funds)
(20,407)
(2,647)
**Net movement in funds**
(13,393)
3,915
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
138,253
11,460
**TOTAL FUNDS CARRIED FORWARD**
124,860
15,375|31.12.22
Total
funds
£
14,926
235,641
1
250,568
236,992
13,576
-
(23,054)
(9,478)
149,713
140,235|31.12.21
Total
funds
£
21,512
183,939
-
205,451
133,760
71,691
-
(34,892)
36,799
112,914
149,713|
|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 9
Bodhi College
## Balance Sheet At 31 December 2022
|Unrestricted
funds
Restricted
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
9
924
-
**CURRENT ASSETS**
Debtors
10
41,135
-
Prepayments and accrued income
20,101
-
Cash in hand
172,201
15,627
233,437
15,627
**CREDITORS**
Amounts falling due within one year
11
(108,943)
-
**NET CURRENT ASSETS**
124,494
15,627
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
125,418
15,627
**ACCRUALS AND DEFERRED**
**INCOME**
12
(810)
-
**NET ASSETS**
124,608
15,627
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|31.12.22
Total
funds
£
924
41,135
20,101
187,828
249,064
(108,943)
140,121
141,045
(810)
140,235
124,608
15,627
140,235|31.12.21
Total
funds
£
792
109,682
13,369
287,068
410,119
(256,132)
153,987
154,779
(5,066)
149,713
137,062
12,651
149,713|
|---|---|---|
The notes form part of these financial statements
Page 10
continued...
Bodhi College
## Balance Sheet - continued At 31 December 2022
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees 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 financial statements 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 financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on 5[th] May 2023 and were signed on its behalf by:
............................................. S M G Williams - Chairman
The notes form part of these financial statements
Page 11
Bodhi College
Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 12
Bodhi College
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
**3.**
**OTHER TRADING ACTIVITIES**
Course Fees
Cancellation Fee Income
Course Fee Discount
**4.**
**INVESTMENT INCOME**
Interest receivable - trading
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
**6.**
**TRUSTEES' REMUNERATION AND BENEFITS**|31.12.22
£
13,634
1,292
14,926
31.12.22
£
235,391
250
-
235,641
31.12.22
£
1
31.12.22
£
308|31.12.21
£
19,486
2,026
21,512
31.12.21
£
183,200
1,190
(451)|31.12.21
£
19,486
2,026
21,512
31.12.21
£
183,200
1,190
(451)|
|---|---|---|---|
|||183,939||
|||31.12.21
£
0
31.12.21
£
264||
|||||
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Trustees' expenses|955|0|
Page 13
Bodhi College
## Notes to the Financial Statements - continued
## for the Year Ended 31 December 2022
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
Administrative
|31.12.22|31.12.21|
|---|---|
|2|2|
No employees received emoluments in excess of £60,000.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
Restricted
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
14,977
6,535
Other trading activities
183,939
-
Investment income
-
-
**Total**
198,916
6,535
**EXPENDITURE ON**
Charitable activities
133,760
-
**NET INCOME**
65,156
6,535
**Transfers between funds**
(393)
393
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of funds
(Allocations of Funds)
(15,000)
(19,892)
**Net movement in funds**
49,763
(12,964)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
88,490
24,424
**TOTAL FUNDS CARRIED FORWARD**
138,253
11,460|Total
funds
£
21,512
183,939
-
205,451
133,760
71,691
-
(34,892)
36,799
112,914
149,713|
|---|---|
Page 14
Bodhi College
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **9. TANGIBLE FIXED ASSETS**
|**COST**
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Gift Aid Provision
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Advanced booking income
Teacher Dana & Teacher Royalties
**12.**
**ACCRUALS AND DEFERRED INCOME**
Accruals and deferred income|Computer
equipment
£
2,476
308
924
792
31.12.22
31.12.21
£
£
40,819
109,208
316
474
41,135
109,682
31.12.22
31.12.21
£
£
-
96
292
67
118,691
242,881
(10,040)
13,088
108,943
256,132
31.12.22
31.12.21
£
£
810
5,066|Computer
equipment
£
2,476
308
924
792
31.12.22
31.12.21
£
£
40,819
109,208
316
474
41,135
109,682
31.12.22
31.12.21
£
£
-
96
292
67
118,691
242,881
(10,040)
13,088
108,943
256,132
31.12.22
31.12.21
£
£
810
5,066|
|---|---|---|
|||109,682|
|||31.12.21
£
96
67
242,881
13,088|
|||256,132|
|||31.12.21
£
5,066|
Page 15
Bodhi College
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **13. MOVEMENT IN FUNDS**
||Net|Transfers||
|---|---|---|---|
||movement|between||
|At 1.1.22|in funds|funds|At 31.12.22|
|£|£|£|£|
|**Unrestricted funds**||||
|General Fund
22,477|(1,350)|(3,216)|17,911|
|Development Fund
115,776|(10,853)|2,026|106,949|
|138,253|(12,203)|(1,190)|124,860|
|**Restricted funds**||||
|Bursary Fund
11,460|2,725|1,190|15,375|
|**TOTAL FUNDS**
149,713|(9,478)|-|140,235|
|Net movement in funds, included in the above are as|follows:|||
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in funds|
|£|£|£|£|
|**Unrestricted funds**||||
|General Fund
235,642|(236,992)||(1,350)|
|Development Fund
9,554|-|(20,407)|(10,853)|
|245,196|(236,992)|(20,407)|(12,203)|
|**Restricted funds**||||
|Bursary Fund
5,372|-|(2,647)|2,725|
|**TOTAL FUNDS**
250,568|(236,992)|(23,054)|(9,478)|
Page 16
Bodhi College
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Comparatives for movement in funds**||||
|---|---|---|---|
||Net|Transfers||
||movement|between||
|At 1.1.21|in funds|funds|At 31.12.21|
|£|£|£|£|
|**Unrestricted Funds**||||
|General Fund
(25,493)|50,179|(2,209)|**22,477**|
|Development Fund
113,983|(23)|1,816|**115,776**|
|88,490|50,156|(393)|138,253|
|**Restricted Funds**||||
|Bursary Fund
24,424|(13,357)|393|**11,460**|
|**TOTAL FUNDS**
112,914|36,799|-|**149,713**|
|Comparative net movement in funds, included in the|above are as|follows:||
|Incoming|Resources|Gains and|**Movement**|
|resources|expended|losses|**in funds**|
|£|£|£|**£**|
|**Unrestricted funds**||||
|General Fund
183,939|(133,760)|-|**50,179**|
|Development Fund
14,977|-|(15,000)|**(23)**|
|198,916|(133,760)|(15,000)|**50,156**|
|**Restricted funds**||||
|Bursary Fund
6,535|-|(19,892)|**(13,357)**|
|**TOTAL FUNDS**
205,451|(133,760)|(34,892)|**36,799**|
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
Page 17
Bodhi College
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Other trading activities**
Course Fees
Cancellation Fee Income
Course Fee Discount
**Investment income**
Interest receivable - trading
**Total incoming resources**
**EXPENDITURE**
**Charitable Activities**
Trustees' Expenses
Wages & Pension Costs
Teacher Attendance Costs
Teacher Travel Costs
Co-ordinator Costs
Insurance
Telephone
Postage, Stationery and Office Costs
Marketing/Leaflet Printing
IT Expenditure
Venue Hire
Staff Expenses
Staff Training & Welfare
Teacher Costs
Sundry Expenses
Legal Fees
Accountancy Fees
Depreciation of Tangible Fixed Assets
Finance Costs
Foreign Exchange
**Total resources expended**|31.12.22
£
13,634
1,292
14,926
235,391
250
-
235,641
1
250,568
955
55,386
43,812
11,061
927
672
303
191
927
1,546
115,177
1,169
1,872
834
30
13
2,613
308
3,266
(4,070)
236,992|31.12.21
£
19,486
2,026
21,512
183,200
1,190
(451)
183,939
-
205,451
-
52,874
33,740
1,160
3,031
672
306
109
747
1,293
22,043
722
-
80
36
1,640
2,445
264
5,228
7,370
133,760|
|---|---|---|
This page does not form part of the statutory financial statements
Page 18
Bodhi College
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
**Net income**
|31.12.22
£
13,576|31.12.21
£|
|---|---|
||71,691|
This page does not form part of the statutory financial statements
Page 19