Charity number: 1177800
The Mindfulness Network
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
The Mindfulness Network Contents Page For the year ended 31 March 2023
| Report of the Trustees | 1 to 6 |
|---|---|
| Independent Examiner's Report to the Trustees | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Notes to the Financial Statements | 10 to 17 |
The Mindfulness Network Report of the Trustees For the year ended 31 March 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
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The Mindfulness Network Report of the Trustees Continued For the year ended 31 March 2023
OBJECTIVES AND ACTIVITIES
OBJECTIVES AND ACTIVITIES
Mission
By developing mindfulness and compassion both internally and through our services, the Mindfulness Network has the intention to reduce/alleviate human suffering, promote well-being and create the conditions in which people, communities and the planet, can flourish.
Vision
We aim to be a true network connecting the mindfulness community - students, teachers, practitioners, supervisors, training providers, globally.
Summary of Objectives
The objectives of the charity are the advancement of health and wellbeing of the general public by:
-
providing meditation retreats based on scientifically proved mindfulness-based approaches and;
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ensuring there is access to a community of well-trained and well-supported mindfulness-based teachers in the United Kingdom through supervising and assisting in the development and training of mindfulness-based teachers; and
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the advancement of education by providing the community of mindfulness-based teachers across the International Community of mindfulness teachers with access to quality assured mindfulness-based teacher training, mindfulness-based supervision and mindfulness-based retreats.
Summary of Main Activities Undertaken for Public Benefit
The Mindfulness Training Pathway
The Mindfulness Network undertook a review of the training curriculum and have begun to develop and implement a more accessible training programme that is suited to those wanting to learn essential skills in delivering mindfulness within a wide range of professional contexts, or for those wanting to embark upon an internationally renowned training pathway to teach one or more mindfulness-based Program, such as Mindfulness-Based Stress Reduction (MBSR) and Mindfulness-Based Cognitive Therapy (MBCT) and, for those already trained, that want to hone their skills through continued professional development.
Our training programme is delivered in collaboration with the Mindfulness Centre at Bangor University. Our trainers are senior mindfulness trainers within Bangor University, and Bangor University continues to be the issuing body for certificates of competency. Bangor University and the Mindfulness Network work closely together in the ongoing development and quality assurance of our training events.
Compassion
We offer Mindfulness-Based Compassionate Living teacher training and retreats, Mindful Self Compassion retreats, in partnership with peer organisations. These are important complementary trainings and retreats, that supplement the mindfulness Training Pathway
Supervision
Individual and group mindfulness-based supervision is offered in the UK and beyond, to support mindfulness-based teachers to deliver their work with the highest levels of integrity.
Our supervisors meet The British Association of Mindfulness-Based Approaches (BAMBA) Good Practice Guidelines for Supervisors and our own requirements. All are deeply experienced mindfulness-based teachers who have had specific training to develop their skills as supervisors.
Retreats
We offer a range of mindfulness retreats that are inclusive, based on well-researched approaches, and respect differing views and beliefs. Our retreats are informed by both ancient knowledge and modern theories, as well as scientific findings about health and well-being. They are open to people of any and no faith.
Our aim is to provide mindfulness-based practitioners and teachers with a variety of opportunities to deepen their practice, in supportive settings, with the guidance of experienced mindfulness retreat leaders. All of our retreats are led by highly experienced teachers, trained in retreat leadership, who are senior in the field of mindfulness-based interventions.
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The Mindfulness Network Report of the Trustees Continued For the year ended 31 March 2023
Commissioned Courses
We also offer commissioned training courses and work with partner organisations - both in the UK and abroad - to offer either the full Training Pathway or individual training events. This year we have delivered a significant number of commissioned courses through collaborations in China, Greece, Spain as well as organisations in the UK.
Bursaries
The Mindfulness Network is committed to ensuring that our services are as accessible and inclusive as possible. Part of our vision involves removing financial barriers, as much as we can, by offering bursaries so that people from all backgrounds can afford to train to be mindfulness teachers, receive supervision and attend mindfulness retreats. We have had a supervision bursary for many years and last year we were able to open up applications for bursary-assisted places across all training, retreat and compassion events as standard. This year we have offered regular donation-based events, and the donations from these events have funded fifty-five of bursary offers.
Mindfulness Network Community Friends
With the support of our volunteer committee, the Mindfulness Network Community Friends, we have continued to offer free online events. We offered monthly evening events celebrating diverse aspects of mindfulness teaching and research plus a range of other offerings including regular drop-in mindfulness sessions, some of which are for specialist groups and opportunities for trainees to practice leading mindfulness practices.
This is an important aspect of charity, offering services without charge, supported by volunteers. Donations are invited, and these are used to support the costs of the free services and to provide bursaries.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Significant activities
The charity delivered 28 online (2022:49) and 3 in person events (2022 0), of which 9 were retreats (2022:15), 13 were mindfulness Training Pathway events (2022:19), and 9 were continuing professional development events including those with a focus on compassion (2022:15)
Alongside these publicly offered courses the charity also successfully delivered 10 Commissioned Courses (2022:4) in China, Spain, Greece and the UK.
During the year 12 (2022:8) freely offered evening events were organised. The regular Friday morning drop-in meditation session continues and has regular attendances of approximately 40 people, and we also offered a special interest group for Men, as well as regular SITT Groups and a Tuesday lunchtime practice drop-in session, all freely offered. We were also able to freely offer a one day online retreat which was well attended.
Future
The more accessible training pathway that has been developed ensures that The Mindfulness Network continues to be a leading provider of mindfulness teacher training in the UK and has seen an ongoing growth of international attendees.
Delivering our commissioned courses internationally continues to be an area of growth providing opportunities for the future and inviting a more global perspective.
The expansion of free services underpins our charitable purpose and widens access to mindfulness-based approaches. The growth in funds for bursaries will help considerably in the next year to make mindfulness teacher training more accessible.
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The Mindfulness Network Report of the Trustees Continued For the year ended 31 March 2023
FINANCIAL REVIEW
The programme of events remained primarily online but we also successfully delivered 3 in-person retreats.
The charity saw a deficit in the year of £12,241 (down from surplus £58,144 in the previous year) and finished with net funds of £65,039 (down from £77,280 in the previous year), of which £17,401 of funds are restricted.
Donations received were £12,385 down from £25,435 in the previous year.
Review of the Financial Statements for the Year Ended 31 March 2023
During the year, total income was £409,134 (2022:£424,092) of which £6,751 was restricted income. The decrease in total income is due to the reduced number of public events and reduced attendance at these events. The income has been supplemented by the increase in Commissioned course events that have been delivered.
Total expenditure was £421,375 (2022:£365,948). The total increase in expenditure is due, in part, to increased expenditure on the development of the new training pathway which is intended to be appealing to a more diverse population and increase participation in events. The additional increase in expenditure is due to an increase to salaries and travel and accommodation for in-person gatherings have also been high compared with the previous years where travelling was more restricted.
On 31 March 2023 unrestricted funds were £47,638 (2022:£55,703) and restricted funds were £17,401 (2022:£21,577).
Reserves
The reserves policy is to build and maintain enough funds for three months of operation. As operational costs have grown so this is now approximately £70,000 so there is still some way to go to meet this target. It was decided to retain the bounce back loan of £50,000 obtained under the government scheme and its balance was £32,336 as of 31 March 2023.
The net reserves on 31 March 2023, not counting restricted funds, were £47,636 (2022: £55,703).
Investment Powers and Policy
Under the Governance Document, there are no restrictions of the power of trustees to invest funds. To support the cashflow needs of the organisation, available funds are kept in instant-access savings accounts where interest can be earned when possible.
Risk Management
A risk register is maintained by the Trustees to identify and monitor the likelihood and impact of risks to the charity. Principle risks include:
- Market Fit. It is vital that the central activities undertaken by the charity for the public benefit and meet the needs of the general public. As a recognised leader in its field, the Mindfulness Network is continuously monitoring the marketplace and reviewing its offerings to ensure this and retain its reputation for rigour and excellence.
-Revenue Stability. Financially it is essential that recruitment of events remains high. We are investing in our programme mix and product development to ensure this and respond to trends we identify in bookings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Mindfulness Network is a Charitable Incorporated Organisation (CIO) governed by its Constitution following incorporation on 3 April 2018.
Governance
The Board of Trustees in this financial year is comprised of 6 members with varied backgrounds, experience and skills, all relevant to the work of the charity and meets every 3 months. In addition to this there are Committees and Steering Groups to advise and guide on specific areas and projects. These include the Finance Committee, which meets at least every 3 months, and Steering Groups for Safeguarding, EDI and specific projects within the charity's remit. These groups report back to the Board.
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The Mindfulness Network Report of the Trustees Continued For the year ended 31 March 2023
Recruitment and appointment of trustees
Recruitment and appointment of trustees
Trustee recruitment considers the needs, in terms of expertise, diversity and succession planning, of the charity. Openings are listed on the website and communicated via our newsletter. Applicants are invited to apply in line with the guidance outlined on the website.
Induction and training of trustees
Prior to the appointment of a trustee, applicants are provided with a comprehensive overview of the charity's journey so far to offer contextual understanding, its current position and performance, and its aims going forward.
On appointment, Trustees are given guidance and support to induct them into their new role.
Management
The Board of Trustees appoints an Executive Director to offer strategic leadership and hold day-to-day responsibility for its activities. The Executive Director works closely with the Chair of the Board and the wider Trustee group, as well as the management team and other key stakeholders, to deliver the business strategy.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Mindfulness Network Charity registration number 1177800 Principal address PO Box 3647 Barnet EN5 9TT
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiner
Dr Rebecca Crane Roya Hekmatpanah Jawad Al-Nawab (Resigned: 01 November 2022) Alon Williams (Resigned: 23 September 2022) Uz Afzal Nick Hammond Paula Watson Lynne Wheeler (Resigned: 30 March 2023) Alex Clifton Avinash Bansode Caroline Clarke ACA 66 High Street Lewes East Sussex BN7 1XG
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The Mindfulness Network Report of the Trustees Continued For the year ended 31 March 2023
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Alex Clifton 12th January 2024
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The Mindfulness Network Independent Examiners Report to the Trustees For the year ended 31 March 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Caroline Clarke ACA 66 High Street 15th January 2024 Lewes East Sussex BN7 1XG
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The Mindfulness Network
Statement of Financial Activities For the year ended 31 March 2023
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Total Expenditure on: Charitable activities 5/6 Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 5,634 396,541 208 402,383 (410,712) (410,712) 264 (8,065) 55,703 47,638 |
Restricted funds £ 6,751 - - 6,751 (10,663) (10,663) (264) (4,176) 21,577 17,401 |
2023 £ 12,385 396,541 208 409,134 (421,375) (421,375) - (12,241) 77,280 65,039 |
2022 £ 25,432 398,631 29 |
|---|---|---|---|---|
| 424,092 | ||||
| (365,948) | ||||
| (365,948) | ||||
| - | ||||
| 58,144 | ||||
| 19,136 | ||||
| 77,280 |
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The Mindfulness Network Statement of Financial Position As at 31 March 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 12 | 20,892 | 22,792 |
| Cash at bank and in hand | 249,011 | 244,004 | |
| 269,903 | 266,796 | ||
| Creditors: amounts falling due within one year | 13 | (172,528) | (147,423) |
| Net current assets | 97,375 | 119,373 | |
| Total assets less current liabilities | 97,375 | 119,373 | |
| Creditors: amounts falling due after more than one year | 14 | (32,336) | (42,093) |
| Net assets | 65,039 | 77,280 | |
| The funds of the charity | |||
| Restricted income funds | 15 | 17,401 | 21,577 |
| Unrestricted income funds | 15 | 47,638 | 55,703 |
| Total funds | 65,039 | 77,280 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Alex Clifton 12th January 2024
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The Mindfulness Network Notes to the Financial Statements For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
The Mindfulness Network meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Income from government and other grants, whether ‘capital' grants or ‘revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Expenditure is classified under the following activity headings:
-
Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
-
Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs
-
Other expenditure represents those items not falling into any other heading
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
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.
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The Mindfulness Network Notes to the Financial Statements Continued For the year ended 31 March 2023
2. Income from donations and legacies
| Donations received Grants received ncome from charitable activities Unrestricted funds Serving the mindfulness community and to advance the health and well-being of the general public Income from charitable activities nvestment income Unrestricted funds Bank interest receivable osts of charitable activities by fund type Serving the mindfulness community and to advance the health and well-being of the general public Support costs |
Unrestricted funds £ 5,634 - 5,634 Unrestricted funds £ 286,805 123,907 410,712 |
Restricted funds £ 6,751 - 6,751 Restricted funds £ 10,663 - 10,663 |
2023 £ 12,385 - 12,385 2023 £ 396,541 2023 £ 208 208 2023 £ 297,468 123,907 421,375 |
2022 £ 23,740 1,692 |
|---|---|---|---|---|
| 25,432 | ||||
| 2022 £ 398,631 2022 £ 29 |
||||
| 29 | ||||
| 2022 £ 265,233 100,715 |
||||
| 365,948 |
3. Income from charitable activities
4. Investment income
5. Costs of charitable activities by fund type
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The Mindfulness Network
Notes to the Financial Statements Continued For the year ended 31 March 2023
6. Costs of charitable activities by activity type
| Activities | Support | 2023 | 2022 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Serving the mindfulness | 297,468 | 123,907 | 421,375 | 365,948 |
| community and to advance the | ||||
| health and well-being of the | ||||
| general public |
7. Analysis of support costs
| 2023 £ Serving the mindfulness community and to advance the health and well-being of the general public Management 75,097 Finance 7,056 IT 15,421 Legal and Professional Fees - Office Costs 8,000 Travel and Accomodation 7,293 Development Fund 9,648 Governance costs 1,392 123,907 |
2022 £ 61,606 6,599 25,133 455 4,856 674 - 1,392 |
|---|---|
| 100,715 |
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accountancy fees | 1,392 | 1,392 |
| Staff pension contributions | 5,664 | 5,160 |
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The Mindfulness Network
Notes to the Financial Statements Continued
For the year ended 31 March 2023
9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2023 were:
| Total staff costs for the year ended 31 March 2023 were: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Salaries and wages | 213,188 | 194,388 |
| Social security costs | 9,902 | - |
| Pension costs | 5,664 | 5,160 |
| 228,754 | 199,548 |
No employee earned more than £60,000 during the year (nil:2022).
The total employee benefits including pension contributions of the key management personnel were £12,506.
Support Staff
| 2023 12 12 |
2022 12 |
|---|---|
| 12 |
10. Trustee remuneration and related party transactions
During the year a payment of £364 was made to one of the trustees for EDI training for supervisors.
There were no other related party transactions to disclose for 2023 (2022:none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
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The Mindfulness Network
Notes to the Financial Statements Continued For the year ended 31 March 2023
11. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Charitable activities Investments Total Expenditure on: Charitable activities Total Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Debtors Amounts due within one year: Trade debtors Prepayments and accrued income Creditors: amounts falling due within one year Other creditors Accruals and deferred income Creditors: amounts falling due after more than one year Loans and overdrafts |
Unrestricted funds £ 11,060 398,631 29 409,720 (357,053) (357,053) (4,666) 48,001 7,702 55,703 |
Restricted funds £ 14,372 - - 14,372 (8,895) (8,895) 4,666 10,143 11,434 21,577 2023 £ 17,447 3,445 20,892 2023 £ 165,154 7,374 172,528 2023 £ 32,336 32,336 |
2022 £ 25,432 398,631 29 |
|---|---|---|---|
| 424,092 | |||
| (365,948) | |||
| (365,948) | |||
| - | |||
| 58,144 | |||
| 19,136 | |||
| 77,280 | |||
| 2022 £ 11,130 11,662 |
|||
| 22,792 | |||
| 2022 £ 134,821 12,602 |
|||
| 147,423 | |||
| 2022 £ 42,093 |
|||
| 42,093 |
12. Debtors
13. Creditors: amounts falling due within one year
14. Creditors: amounts falling due after more than one year
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The Mindfulness Network Notes to the Financial Statements Continued For the year ended 31 March 2023
15. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 55,703 | 402,383 | (410,712) | 264 | 47,638 |
| 55,703 | 402,383 | (410,712) | 264 | 47,638 | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 7,702 | 409,720 | (357,053) | (4,666) | 55,703 |
| 7,702 | 409,720 | (357,053) | (4,666) | 55,703 |
Purpose of unrestricted Funds
General
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
Restricted Funds
| Bangor University CMRP/MN Bursary funds Events FOB Legacy MNCF Train to Teach |
Balance at 01/04/2022 £ 667 6,410 - 5,000 8,084 1,416 21,577 |
Incoming resources £ - 2,258 3,937 - 556 - 6,751 |
Outgoing resources £ - (720) (8,819) (1,124) - - (10,663) |
Transfers £ (667) (3,063) 4,882 - - (1,416) (264) |
Balance at 31/03/2023 £ - 4,885 - 3,876 8,640 - |
|---|---|---|---|---|---|
| 17,401 |
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The Mindfulness Network
Notes to the Financial Statements Continued For the year ended 31 March 2023
Restricted Funds - Previous year
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/04/2021 | resources | resources | 31/03/2022 | ||
| £ | £ | £ | £ | £ | |
| Bangor University | 8,991 | - | (8,324) | - | 667 |
| CMRP/MN | |||||
| Bursary funds | 2,443 | 4,067 | - | (100) | 6,410 |
| FOB Legacy | - | 5,000 | - | - | 5,000 |
| MNCF | - | 3,418 | - | 4,666 | 8,084 |
| Train to Teach | - | 1,887 | (571) | 100 | 1,416 |
| 11,434 | 14,372 | (8,895) | 4,666 | 21,577 |
Purpose of restricted funds
Bursary funds
Bursarys for retreats and supervision
Bangor University CMRP/MN
Funds received for a collaborative project.
FOB Legacy
This is a legacy bursary for those who were former members of the Friends of Bangor alumni group for retreats, supervision and training.
MNCF
This is money that is set aside for our Mindfulness Network Community Friends volunteer group to use for donation based events.
Train to Teach
This is a bursary for training events.
Events
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The Mindfulness Network Notes to the Financial Statements Continued For the year ended 31 March 2023
16. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds Bursary funds FOB Legacy MNCF Previous year Unrestricted funds General General Restricted funds Bangor University CMRP/MN Bursary funds FOB Legacy MNCF Train to Teach |
Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ 79,974 (32,336) 47,638 4,885 - 4,885 3,876 - 3,876 8,640 - 8,640 |
|---|---|
| 97,375 (32,336) 65,039 |
|
| Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ 97,795 (42,093) 55,702 667 - 667 6,410 - 6,410 5,000 - 5,000 8,085 - 8,085 1,416 - 1,416 |
|
| 119,373 (42,093) 77,280 |
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