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 2024
for Bodhi College (A Company Limited by Guarantee)
Bodhi College
Contents of the Financial Statements for the Year Ended 31 December 2024
| 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 2024
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 2024. 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, 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 in-person and online courses 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 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
The 2024 programme included a range of in-person and online courses, extended programmes, retreats, community groups and mentoring, to give students a wide choice, and make teachings accessible to larger numbers. The College increased the number of self-study courses available via the LearnDash management system, and self-study courses run in collaboration with Tricycle: The Buddhist Review.
The shift towards a larger proportion of online course offerings has resulted in a decrease in overall course fee income, however, the College has also seen corresponding decreases in venue hire, travel, and teacher attendance costs.
The online Uposatha Sangha ended in January 2024, and a new Community Mentoring Programme was launched, which has proved popular with students. Bodhi College continues its focus on long term study and practice programmes. The extended course the Mindfulness Teachers Development Programme finished in 2024 and a new round of the extended course Committed Practitioners Programme is due to start in 2025.
In December 2024 the College held a special in-person and online ‘Day of Celebration’ event to mark the 10[th] anniversary of the charity and to gather its community of supporters
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
Significant activities (cont.)
During the year the College set up a new Teachers Support Fund intended to allow donations to be made to support teachers in times of need and difficulty. The first fundraising event held raised over £30,000 in donations and Gift Aid to support a teacher requiring medical treatment and rehabilitation following surgeries.
To increase income for the Bursary fund to support more students, the College ran a fundraising campaign in April 2024 appealing for donations for the fund, generating £3,229 in donations and claiming Gift Aid on applicable contributions. The ‘Supporter Rate’ for online and in-person courses introduced in 2023 has proved to be popular in 2024, generating £4,409 in income before Gift Aid claimed. The enhanced rate enables attendees wishing to support other students to pay an increased amount for their place, with the surplus treated as a donation to the Bursary Fund.
The College continued to expand its use of social media platforms to share content and increase the charity’s reach, and its ability to spread teachings and information about the charity itself.
Public benefit
The 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 retreats, online courses, 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. The College welcomed 178 students on physical courses and retreats, with 488 registrations on online courses, including 120 students on the online Core Teaching of the Buddha course which ended in August 2024. In addition to this, the BC Celebration Day attracted 180 in-person and online attendees. 166 students also attended a fundraising evening for John Peacock (not included in the above numbers).
The College ran three successful fundraising campaigns for the Bursary Fund, the BC Celebration Day, and the Teacher Support Fund. More details are provided in the Significant Activities and Fundraising Activities sections of this report
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 2025 programme, advanced bookings are in line with expectations and bookings for all courses are generally sufficiently well subscribed.
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
Fundraising activities
During 2024 there were three fundraising campaigns, a ‘Seeking Your Generosity’ appeal for Bursary Fund, which generated over £3,000 in donations. The charity is putting more emphasis on raising donations so that it can reduce the prices of courses and increase bursaries, to make courses as accessible as possible. The College plans a similar Bursary Fund appeal in 2025 and is continuing to promote the ‘Supporter Rate’ which allows students to contribute to the Bursary Fund by way of paying an enhanced rate for their attendance.
The College ran an appeal for Sponsor donations for the BC Celebration Day in December 2024 generating over £11,000 in donations and Gift Aid to assist with the cost of the event, including venue hire and Trustee and teacher travel costs. The charity also ran an appeal for the newly formed Teacher Support Fund, created to provide financial assistance to teachers in extenuating circumstances, which raised over £30,000 in donations and Gift Aid. This not only reflects the spirit of generosity and compassion at the heart of the Budha’s teachings, but also recognises the need to support teachers to secure the ongoing development and growth of the charity itself.
The charity invites donations to the various Funds 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.
ACHIEVEMENT AND PERFORMANCE
Financial review
In 2024, the Trust has continued with its approach to keep course fees as low as possible, to attract sufficient bookings to cover direct costs, whilst making the courses as financially accessible as possible for participants. The Trust recognises that the continued shift towards more online content could potentially make this more challenging, but embraces the opportunity to reach a larger number of students.
The charity continued to invest in IT and marketing, to expand and enhance the College’s on-line presence. The Board allocated funds from the Development Fund to cover this, along with further funding for ongoing costs for the LearnDash self-study management programme.
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 2024 was £171,755 (£244,400 in 2023). Total resources expended were £212,949 (£251,981 in 2023). Dana and donations (including Gift Aid) totalled £70,106 for the year (£20,541 in 2023), and investment income (bank interest) of £53 (£14 in 2023) resulted in a surplus (after allocations from the Bursary and Development Funds) of £28,965 for the year (£12,974 surplus in 2023). The Board recognises that this surplus is largely attributable to donations to the Teacher Support Fund which were then paid out to the teacher for whom the fundraising event was held.
During the 2024 financial year the charity provided support to retreatants from the Bursary Fund in the amount of £13,042 (£12,005 in 2023) and support from the newly formed Teacher Support Fund in the amount of £28,817. The accounts show an accumulated surplus at the end of 2024 of £99,310 (£129,204 as of 31st December 2023). After allocations from the Bursary, Development, and Teacher Support Funds, overall charity funds decreased by £29,894 during the 2024 financial year.
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
Financial position (cont.)
As of 31st December 2024, advance bookings for the 2025 programme currently stand at £229,237 (£69,952 in 2023). The increase is primarily due to £203,531 in advanced booking income for the 2025/26 Committed Practitioners Programme. Income from this extended course will be recognised over the 2025 and 2026 financial periods as the various modules and retreats are delivered. Bookings do continue during the programme year.
The charity continues to receive development donation income with a few donors making regular monthly donations to help support the charity as it grows. Whilst the charity does not intend to rely on this income to cover direct costs, funds were allocated in 2024 to IT and marketing expenditures, to facilitate system improvements and support the growth of the charity, and ongoing costs associated with the LearnDash online learning management platform.
The charity continues to receive donations to its Bursary Fund, which have allowed it to offer funding, where appropriate, to make the courses available to those who would otherwise not be able access them for financial reasons. The College also receives donation income for the Teacher Support Fund to allow it to provide support to teachers in times of extreme difficulty.
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, Development, and Teacher Support Funds.
Reserves policy
The Board’s policy is to hold a minimum cash reserve 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.
FUTURE PLANS
The charity is committed to offering in-person courses. From an operational point of view, advanced bookings for such courses provide stability and allow the College to more accurately forecast income and budget expenditure accordingly. However, the Trustees also recognise that on-line offerings give students greater options in terms of choosing how to attend, and the ability to access teachings at a reduced cost to them, and also increase the reach of the charity. An online platform can reduce expenditure and provides an environmental benefit from a reduction in travelling for teachers and participants. Online self-study courses and the launch of the Community Mentoring Programme are examples of how the College is embracing technology to connect with students.
The charity will continue to assess and develop the mix of in-person and online courses 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.
Following successful fundraising projects in 2024, the Board, supported by the work of the College Director and Coordinator, is planning further fundraising projects, including another Bursary Fund appeal in the spring of 2025. The charity intends to run campaigns with more emphasis on raising donations to reduce the cost of courses for students, and to increase bursaries, making teachings as accessible as possible. The charity will also fundraise to support Teachers when appropriate, nurturing and protecting the provision of teachings for the wider community and the College’s own programme in future years.
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
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
The Board of Trustees meet (physically 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 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.
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
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, Meditationszentrum Beatenberg, in Switzerland, and The International Theosophical Centre in Naarden, Netherlands. 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.
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Bodhi College
Report of the Trustees for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09561665 (England and Wales)
Registered Charity number 1163320
Registered office
4 Dartside Totnes Devon TQ9 5HL
Trustees
Ms O Cho Resigned 4[th] April 2025 Mr Walter Young Ms Anna LiVecchi Appointed 13[th] December 2024 Ms B Huber-Jordi Ms P Puig Resigned 2[nd] December 2024 Ms C Rusling Ms G Stoecklmair Resigned 25[th] September 2024 Ms Anne Speckens Appointed 5[th] February 2025 Mr S M G Williams (Chair)
Secretary
Mrs Aline Petit
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 30[th] June 2025 and signed on its behalf by:
…...................................... S M G Williams – Chairman
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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 2024.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
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the accounts do not accord with those records; or
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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
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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
Date: 14th June 2025
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Bodhi College
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted funds Restricted fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 28,655 41,451 Other trading activities 3 171,755 - Investment income 4 53 - Total 200,463 41,451 EXPENDITURE ON Charitable activities 212,949 - NET INCOME (12,486) 41,451 Transfers between funds 13 (2,437) 2,437 Other recognised gains/(losses) Gains/(losses) on revaluation of funds (Allocations of Funds) (16,000) (42,859) Net movement in funds (30,923) 1,029 RECONCILIATION OF FUNDS Total funds brought forward 119,775 9,429 TOTAL FUNDS CARRIED FORWARD 88,852 10,458 |
31.12.24 Total funds £ 70,106 171,755 53 241,914 212,949 28,965 - (58,859) (29,894) 129,204 99,310 |
31.12.23 Total funds £ 20,541 244,400 14 264,955 251,981 12,974 - (24,005) (11,031) 140,235 129,204 |
|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Bodhi College
Balance Sheet At 31 December 2024
| Unrestricted funds Restricted fund Notes £ £ FIXED ASSETS Tangible assets 9 858 - CURRENT ASSETS Debtors 10 115,586 - Prepayments and accrued income 16,802 - Cash in hand 194,093 10,458 326,481 10,458 CREDITORS Amounts falling due within one year 11 (237,587) - NET CURRENT ASSETS 88,894 10,458 TOTAL ASSETS LESS CURRENT LIABILITIES 89,752 10,458 ACCRUALS AND DEFERRED INCOME 12 (900) - NET ASSETS 88,852 10,458 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
31.12.24 Total funds £ 858 115,586 16,802 204,551 336,939 (237,587) 99,352 100,210 (900) 99,310 88,852 10,548 99,310 |
31.12.23 Total funds £ 882 24,717 9,327 166,226 200,270 (70,621) 129,649 130,531 (1,327) 129,204 119,775 9,429 129,204 |
|---|---|---|
The notes form part of these financial statements
Page 10
continued...
Bodhi College
Balance Sheet - continued At 31 December 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 30[th] June 2025 and were signed on its behalf by:
.............................................
S M G Williams - Chairman
The notes form part of these financial statements
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Bodhi College
Notes to the Financial Statements for the Year Ended 31 December 2024
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: -
Computer Equipment 25% Reducing Balance Basis
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.
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Bodhi College
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. DONATIONS AND LEGACIES
| Donations Gift aid 3. OTHER TRADING ACTIVITIES Course Fees Cancellation Fee Income Other Trading Income (Course Admin Support) 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 |
31.12.24 £ 66,812 3,294 70,106 31.12.24 £ 171,340 415 - 171,755 31.12.24 £ 53 31.12.24 £ 286 |
31.12.23 £ 19,131 1,410 20,541 31.12.23 £ 241,686 665 2,049 |
31.12.23 £ 19,131 1,410 20,541 31.12.23 £ 241,686 665 2,049 |
|---|---|---|---|
| 244,400 | |||
| 31.12.23 £ 14 31.12.23 £ 294 |
|||
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees' expenses
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Trustees' expenses | 7,042 | 2,682 |
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Bodhi College
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
Administrative
| 31.12.24 | 31.12.23 |
|---|---|
| 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 15,399 5,142 Other trading activities 244,400 - Investment income 14 - Total 259,813 5,142 EXPENDITURE ON Charitable activities 251,981 - NET INCOME 7,832 5,142 Transfers between funds (917) 917 Other recognised gains/(losses) Gains/(losses) on revaluation of funds (Allocations of Funds) (12,000) (12,005) Net movement in funds (5,085) (5,946) RECONCILIATION OF FUNDS Total funds brought forward 124,860 15,375 TOTAL FUNDS CARRIED FORWARD 119,775 9,429 |
Total funds £ 20,541 244,400 14 264,955 251,981 12,974 - (24,005) (11,031) 140,235 129,204 |
|---|---|
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Bodhi College
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
9. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Computer | |
| equipment | |
| £ | |
| COST BF | |
| Additions during year | 2,728 |
| 262 | |
| DEPRECIATION | |
| Charge for year | (286) |
| NET BOOK VALUE | |
| At 31 December 2024 | 858 |
| At 31 December 2023 | 882 |
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 |
31.12.24 £ 113,388 2,198 115,586 31.12.24 £ 500 879 229,237 6,971 237,587 31.12.24 £ 900 |
31.12.23 £ 23,972 745 |
|---|---|---|
| 24,717 | ||
| 31.12.23 £ - 345 69,952 324 |
||
| 70,621 | ||
| 31.12.23 £ 1,327 |
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Bodhi College
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
13. MOVEMENT IN FUNDS
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | |||
| At 1.1.24 | in funds | funds | At 31.12.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Fund | 6,877 | (27,530) | (2,973) | (23,626) |
| Development Fund | 112,898 | (956) | 536 | 112,478 |
| 119,775 | (28,486) | (2,437) | 88,852 | |
| Restricted funds | ||||
| Bursary Fund | 9,373 | (1,408) | 1,093 | 9,058 |
| Memorial Fund | 56 | - | - | 56 |
| Teacher Support Fund | - | - | 1,344 | 1,344 |
| TOTAL FUNDS | 129,204 | (29,894) | - | 99,310 |
| 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 | 185,419 | (212,949) | - | (27,530) |
| Development Fund | 15,044 | - | (16,000) | (956) |
| 200,463 | (212,949) | 16,000 | (28,486) | |
| Restricted funds | ||||
| Bursary Fund | 11,634 | - | (13,042) | (1,408) |
| Memorial Fund | - | - | - | - |
| Teacher Support Fund | 29,817 | - | (29,817) | - |
| TOTAL FUNDS | 241,914 | (212,949) | (58,859) | (29,894) |
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Bodhi College
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | ||||
| At 1.1.23 in funds |
funds | At 31.12.23 | |||
| £ £ |
£ | £ | |||
| Unrestricted Funds | |||||
| General Fund | 17,911 (7,567) |
(3,467) | 6,877 | ||
| Development Fund | 106,949 3,399 |
2,550 | 112,898 | ||
| 124/860 (4,168) |
(917) | 119,775 | |||
| Restricted Funds | |||||
| Bursary Fund | 15,375 (6,919) |
917 | 9,373 | ||
| Memorial Fund | - 56 |
- | 56 | ||
| TOTAL FUNDS | 140,235 (11,031) |
- | 129,204 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | Movement | |
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Fund | 244,414 | (251,981) | - | (7,567) | |
| Development Fund | 15,399 | - | (12,000) | 3,399 | |
| 259,813 | (251,981) | (12,000) | (4,168) | ||
| Restricted funds | |||||
| Bursary Fund | 5,086 | - | (12,005) | (6,919) | |
| Memorial Fund | 56 | - | - | 56 | |
| TOTAL FUNDS | 264,955 | (251,981) | (24,005) | (11,031) |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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Bodhi College
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Course Fees Cancellation Fee Income Other Trading Income (Course Admin Support) 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 Learn Dash – Self Study Project Telephone Postage, Stationery and Office Costs Marketing/Leaflet Printing IT Expenditure Venue Hire Staff Expenses Staff Training & Welfare Teacher Costs Repairs and Renewals Sundry Expenses Legal Fees Accountancy Fees Depreciation of Tangible Fixed Assets Finance Costs Foreign Exchange Total resources expended |
31.12.24 £ 66,812 3,294 70,106 171,340 415 - 171,755 53 241,914 7,042 60,554 32,426 4,505 212 672 423 296 361 7,348 4,509 76,236 2,835 1,415 335 35 304 13 2,832 286 4,995 5,315 212,949 |
31.12.23 £ 19,131 1,410 |
|
|---|---|---|---|
| 20,541 241,686 665 2,049 |
|||
| 244,400 14 |
|||
| 264,955 2,682 59,055 40,311 7,809 627 672 509 308 134 5,158 3,349 118,789 2,255 - 109 - 214 13 2,256 294 4,367 3,070 |
|||
| 251,981 |
This page does not form part of the statutory financial statements
Page 19
Bodhi College
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
Net income
| 31.12.24 £ 28,965 |
31.12.23 £ |
|---|---|
| 12,974 |
This page does not form part of the statutory financial statements
Page 19