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2025-07-31-accounts

Bodens College Ltd

Trustees' Report and Unaudited Accounts

Bodens College Ltd Contents

Pages
Trustees'AnnualReport 2 to 11
IndependentExaminer'sReport 12
Statement of FinancialActivities 13
SummaryIncomeandExpenditure Account 14
BalanceSheet 15
Statement ofCashflows 16
Notesto the Accounts 17 to 24
DetailedStatement of FinancialActivities 25 to 27

Page 1

Bodens College Ltd Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 31 July 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 14936070

Charity No. 1204917

Registered Office

Unit 5-7, Blenheim Court 62 Brewery Road Islington N7 9NY

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law.

The following Directors and Trustees served during the year:

Andrew Hume Lucy McCutcheon Katherine McCutcheon

Accountants

Luna Muncaster Ltd 40 Vera Avenue Grange Park London N21 1RG

OBJECTIVES AND ACTIVITIES

To provide a head start in a competitive industry through incredible sixth form and foundation training for free, at our brand-new creative home right in the heart of Islington.

Our goal is to provide fully funded performing arts training for young people aged 16-18 years. Our fully accredited courses, led by passionate and experienced tutors, enable students to develop their skills through training and performances, gain knowledge and understanding of the arts, and progress into higher education. Within our Ofsted Inspection, there is evidence that “learners are prepared well for creative industries and other areas of study.”

Our articles of association reflect our aims as an organisation. The Charity's objects are restricted specifically, in each case only for the public benefit to:-

(a) To advance education, particularly that of young people, in Greater London and the surrounding areas, through quality performing and creative arts training, and the provision of professional facilities and resources.

Page 2

Bodens College Ltd Trustees Annual Report

(b) To advance the arts, particularly for a diverse demographic of young people in Greater London and the surrounding areas, by providing accessibility to affordable training.

PUBLIC BENEFIT

As an organisation, we aim:

• To provide opportunities for young people to achieve academically, whilst developing transferrable skills; for personal progression, to advance into higher education, or gain employment within the creative industries.

• To promote inclusivity and diversity within the industry, through the provision of performing and creative arts education, by increasing accessibility to affordable training for young people, that supports personal, social, artistic, and educational development.

• To enrich the lives of young people by using the arts as a transformative tool, supporting their transition to adulthood, providing opportunities for safe manageable risk and critical thinking, developing empathy, perspective and understanding.

• To deliver accessible and impactful outreach programmes for young people, incorporating subject matter of contemporary relevance and/or historical importance, that promote self-expression, providing

inspirational teaching, encouraging young people to achieve their potential and perform as themselves in the world, using opportunities to collaborate, create and evaluate.

OUR STRATEGY

Our Vision

Our vision is to be recognised as an outstanding provider and to ensure our graduates are fully prepared for future pathways, while empowered to lead purposeful lives with integrity, and to place the well-being and development of our young people, staff, and the local community at the heart of the organisation.

By advancing education within the arts, Bodens College aims to increase progression to drama school, university, and employment. Our focus on the development of transferrable skills and holistic training, further enhances the possibility of success by encouraging versatility, resourcefulness, and professionalism.

Our hope is to build a community, programme and support network that enables young people to establish a platform for personal growth, having built strong foundations within an inclusive environment. We aim for our alumni to lead happy, healthy, enriched lives, enabling them to achieve their potential.

Page 3

Bodens College Ltd Trustees Annual Report

OUR VALUES

Optimisation

To enhance the viability of our learners, Bodens College Limited provides over thirty guided learning hours per week, more than many of its competitors. The course is structured to enhance students’ skills in a variety of areas, offering training in acting for stage and screen, exploring classical and contemporary texts, experimenting with a variety of vocal and movement styles, in preparation for fully polished performances, exceeding the demands set by the examination boards to ensure these opportunities prepare students for work in the creative industry. Each class is delivered by a specialist, many of whom also teach within universities and drama schools or work professionally within the industry themselves. Throughout the course, learners are encouraged to complete coursework tasks, underpinning their practical exploration with theoretical practices, study historical context, conduct textual analysis and research to enhance their ability to think critically and reflect on their progression, monitoring their strengths and areas for improvement. These activities support students’ practical studies and enable them to graduate with the highest possible grades. To support students’ progression, Bodens College Limited provides free access to additional resources, ranging from Office 365 and Zoom to support them academically, and the Digital Theatre and Drama Online libraries, which provide learners with scripts, material, and recorded performances from professional theatre companies like the RSC and National Theatre.

Accessibility

Through the provision of holistic opportunities, we tailor the programme to suit the needs of our learners, using applied theatre methods to encourage them to consider the world they live in. Not only do we want to provide learners with specialist training, but we are also committed to their continued personal development and aim to cultivate transferrable skills to aid future progression, in or out of the creative industry. Students on the course, also have opportunities to volunteer as teaching assistants, produce their own work, operate the lighting, sound, and filming equipment throughout live and recorded productions, marketing, and undertake administrative duties, enhancing their skillset, communication, and level of professionalism to increase their chances of employment moving forward. Learners at Bodens College Limited have an Individual Learning Plan, and regular one-to-one meetings to monitor development and to discuss mental and physical health and well-being. This is an important tool that encourages learners to set regular targets to aid progression and enables Bodens College Limited to adapt to the needs of our learners.

Community

The encouragement of collaborative projects, utilisation of ensemble work and shared opportunities, enables Bodens College Limited to inspire its young people to work with integrity. We offer a support network, open to current students, graduates, and alumni, to assist outside of the educational framework. By promoting teamwork, providing volunteering possibilities and low-cost performances and workshops, we ensure students of diverse backgrounds work together successfully and gain invaluable experiences. As part of the Social Development Programme, learners are exposed to a range of topics from Black History Month, Anti-Radicalisation and British Values to Mental Health, Procrastination and Understanding Casting Types. These sessions include the sharing of informative resources, discussion, debates, and self-reflection.

Page 4

Bodens College Ltd Trustees Annual Report

OUR MISSION STATEMENT

Our mission is to transform the lives of young people through inspirational teaching, providing exceptional training in performing arts and access to higher education and career opportunities.

ACHIEVEMENTS AND PERFORMANCE 2024/25

In line with our aims, we have consistently delivered impactful projects, successful training provision and accessible arts opportunities for young people throughout this year. Here we have outlined some of the positive work Bodens College Limited has accomplished through the successful application of our charitable objectives:

Academic Attainment

We achieved a 100% pass rate in all our level three vocational courses. Students worked towards either a Level Three Foundation Diploma, a Level Three Diploma, or a Level Three Extended Diploma, all accredited by Pearson with Acting or Musical Theatre pathways available. We also successfully delivered a Level Four Associate Diploma programme, accredited by Trinity College. Our retention, attendance and punctuality figures are all above 90%, demonstrating the positive impact our organisation is having on the development of young people.

We also introduced an optional Teacher Training pathway, as part of our commitment to providing young people with opportunities to support their continued personal development. This Level Six Licentiate Diploma is still ongoing, though recent modules have been passed successfully.

To meet our commitment to improve the quality of work produced by our young people, we created a more structured system so that feedback comments target specific learning aims more accurately. We have found that this specificity provided more focus and an improved learner development and therefore advanced the quality of the artistic work produced. Students auditioning for a place at Bodens College Limited have also had access to personalised feedback, facilitating our ability to advance the artistic quality of young people outside of our organisation without any cost to them, increasing the public benefit.

Progression Figures

Of the students that graduated from Bodens College Limited, 100% successfully progressed; 74% advanced within Higher Education, of which 88% gained places on creative courses, 25% progressed into employment, with 92% reapplying for degree courses in the next academic year, and 1% opted to upskill within Further Education to explore other areas of the industry. Amongst others, in September 2025, we had students training at LAMDA, RADA, Arts Educational, Guildhall School of Music and Drama, Royal Central School of Speech and Drama, Royal Welsh Conservatoire, Mountview and Bristol Old Vic, which are some of the most renowned drama schools in the United Kingdom.

Page 5

Bodens College Ltd Trustees Annual Report

Transformative tool

Our third-year cohort consists of students that have progressed from our level three programmes, as well as new students that have successfully auditions for a place on our Level Four Associate Diploma Course. To support the transition for students joining an established group, we not only conducted small group workshops, which utilised drama games and teambuilding activities to create bonds within the group, we also arranged a theatre trip to see graduate Kaireece Denton in his West End debut performance in Hot Wing King at The National Theatre at the start of the term, evoking conversations about the artistic vision of the piece.

As a result of regular devised projects, theatre trips and outreach programmes, students have developed an ability to think critically, engage with the world around them and develop key communication skills. Most recently, students created their own Theatre in Education projects, using the arts to inform target audiences about key topics, from identity to ambition. Audience reviews were extremely positive, with both group and solo performances averaging at 4.7/5. Our Social Development Programme provides students with the opportunity to develop an understanding of societal matters. One particularly memorable session focused on financial stability, in which learners were encouraged to explore healthy budgets, whilst planning for their future.

Alongside class discussions, workshops and performances, these topics are also embedded within the learning throughout our classes, for example students studying an eclectic mix of material enabling us to use the arts to support the social development of our young people.

Transferrable Skills

Our course has been designed holistically, with our Artistic Director selecting material that will stretch and challenge our students academically, personally and socially. Throughout a production of Let Them Eat Chaos, a physical theatre piece inspired by an album of the same name, students developed an ability to collaborate through ensemble-based activities. Our second year acting students participated in a site-specific immersive piece, Animal Farm, which took place in a barn. This was an invaluable opportunity for them to improve their ability to work with spontaneity and creativity. Throughout the rehearsal processes of Electra, a Greek classical play, and Shakespeare’s Pericles, students were expected to work with focus and were encouraged to pay close attention to detail throughout the investigative and analysis stages of rehearsals.

A change of syllabus provided our students with the opportunity to undertake a new unit, Collaborative Project, raising the expectations of learners through tasks aimed at enhancing their communication and organisation skills. Throughout this process, students undertook additional roles of responsibility and included the requirement of each of them to display leadership and work with autonomy. This approach has provided a platform for our young people to develop key skills for success in the wider world.

Page 6

Bodens College Ltd Trustees Annual Report

Our level four qualification encourages students to work with autonomy, as students are assessed on individual merit through the performance of a practical programme and completion of an interview.

Alongside our full-time training provision, students also had opportunities to develop technical skills, operating lighting, sound and media equipment in various venues throughout Greater London. For example, Natasha Collins, a second-year student, volunteered as part of the technical crew throughout productions of Urinetown and Pericles, which has provided her with excellent foundations in preparation for her degree in Production at Guildford School of Acting.

Inclusivity and Diversity

As per our targets stated in last year’s report, we successfully increased the number of trips for our young people, providing more access to theatrical performances. These experiences were motivational to young people hoping for a career within the industry, and expanded students’ ability to reflect on performance quality, analyse material and gain an insight into current industry trends. The most memorable ones were Dear England at The National Theatre, 1536 at The Almeida, and Cry Baby at The Arcola.

We also invested in technical equipment to improve the facilities available in the studio theatre, which is used by all the young people in attendance on our courses, as well as media equipment such as lighting and backdrops to support our screen acting provision. These resources are user-friendly to ensure young people can operate the equipment when opportunities to upskill are available.

Continuing to recruit a diverse student cohort and teaching faculty, enabled us to promote the arts to a wide demographic of young people. We investigated more marketing opportunities to support our enrolment drive, using more social media platforms and a SEO company to reach a wider community. As a result, we have been able to be more selective with our repertoire choices, leading to broader casting opportunities.

To provide young people with a more positive experience, having an ability to work creatively within the performing arts classes, we have invested in resources that benefit them, to remove the financial barriers placed upon them. This has included resources to support with shooting self-tapes, a requirement of most Higher Education providers throughout the application process. We have also adopted a more manageable application process for bursaries and programmes that support mental and physical health and well-being, through the mentoring scheme offered by Big Creative Training.

Page 7

Bodens College Ltd Trustees Annual Report

Advancing the Arts

Throughout the year, students were able to participate in performances of Tuesday, a contemporary piece that communicates themes of identity and friendship, Animal Farm, exploring abuse of power, Urinetown which focused on status and class, Pericles exploring grief and resilience, Spelling Bee a musical about growing up and Let Them Eat Chaos, which primarily deals with isolation. These opportunities allow for open dialogues about important issues impacting the daily lives of our students.

Over the past academic year, Bodens College Limited has placed more emphasis in the development of audition technique more, to provide students with a platform in which to gain feedback from panellists and casting directors to enhance the learning experience, in preparation for drama school, university or industry auditions. This has included expanding our industry links to broaden the perspectives young people receive, with our third-year students having workshops with a panellist at the Royal Academy of Dramatic Arts, and Casting Director, Nicci Topping.

We have also increased the provision of workshops and young people’s exposure to industry professionals. Guest teachers are not only inspiring, but these opportunities enabled our young people to have the opportunity to study new training methods, contrasting choreography, increase repertoire choices for assessment and explore diverse material. These workshops included working with professional performers from Hamilton, Hairspray and Mamma Mia.

- Enhancing Mental and Physical Well Being

Our students have benefitted from the use of the Health Assured programme, which provides students with immediate access to counsellors and trained professionals. This support can be accessed via an app, which also includes digital resources. This provision was accessed by 26% of our student cohort, with Bodens College Limited covering the full expense to ensure accessibility.

Throughout the year, we restructured the timetable to allow more time for students to complete reflective journals within the class, to reduce the amount of ‘out of school’ activities. Lengthening each class by fifteen minutes has enabled students to maintain their logs, a platform to record what they have learnt, alongside strengths and areas for improvement in the studio with more teacher support. This has improved ability to meet deadlines, as well as place more focus on the recognition of positive advancements within lessons.

Bodens College Limited has also worked more heavily with Applause for Thought throughout the year, an organisation that specialises in mental health for performers, with our students participating in workshops on a termly basis. These have covered topics of Resilience, Goal Setting and Facing Change. The workshops are designed for students to unlock coping strategies, gain an understanding of themselves and have conversations with each other to eradicate the stigmatism that young people often face.

Page 8

Bodens College Ltd Trustees Annual Report

Self-Expression and Collaboration

To develop expressivity, Bodens College Limited provided numerous opportunities to empower our young people. For example, one of our students produced a show to raise money for Acting for Change, in memory of her father who had recently passed away, which was an incredibly rewarding and beneficial experience for her. It was a positive piece that celebrated the ability and warm community established within our organisation. Throughout Black History Month, students were encouraged to work together to develop material to raise awareness of the occasion, with many of them creating spoken word pieces, original songs, poetry and dances, enhancing individualism and expression.

When developing schemes of work, our staff are reminded to provide students with opportunities to collaborate with one another. Lessons include both tutor-led and group activities to ensure students can take ownership of a project, whilst developing listening and patience. For example, opportunities to choreograph within dance classes, discuss character objectives within acting sessions and rehearsal time when approaching harmonies within singing. Our Staff Training Programme consists of termly observations, in which staff are given feedback on the lesson delivery. One aspect that has improved expression and collaboration within the classroom has been the use of differentiation, in which staff are targeting questions to specific learners, adapting the level to suit the needs of the young person, providing an opportunity for larger groups to achieve personally.

AIMS FOR 2025/26

As we continue to grow, we have reflected on the key areas in which we intend on targeting throughout the next year, enabling us to deliver our charitable objectives:

a. To advance education, particularly that of young people, in Greater London and the surrounding areas, through quality performing and creative arts training, and the provision of professional facilities and resources.

b. To advance the arts, particularly for a diverse demographic of young people in Greater London and the surrounding areas, by providing accessibility to affordable training.

Though our Staff Training Programme has started, we have plans to further develop the scheme to improve the quality of the work we produce by enhancing consistency across the delivery. This will be provided without cost and will incorporate methods to encourage young people to apply learning more effectively. Within this area, we will also look at external opportunities for our staff members to undertake CPD, and have begun looking at courses that will benefit our young people, increasing the number of First Aiders and Mental Heather First Aiders on site, practitioner study with a specific focus on those that not only support students academically and practically, but those with social and health-related benefits too.

Page 9

Bodens College Ltd Trustees Annual Report

To support the transition from secondary school further, we intend on timetabling shorter sessions so that young people can undertake a full warm-up at the start of each day, covering physical and vocal work, and finish the day with a plenary session to development time management skills. This will be a temporary measure to bridge the gap between secondary and vocational education, to enhance accessibility at Bodens College Limited. To coincide with this, lessons will be shorter initially, to help build focus and stamina and an adjustment to the unit structure and deadlines will be made so that submission take place at the end on a Friday before a school holiday or weekend, so that our young people have are able to use these periods to recuperate, which will in turn improve the quality of education and performance projects students participate in.

We intend on delivering additional free and low-cost opportunities and offering more resources to students in a bid to remove the financial barriers placed upon young people to provide further access to the arts industry and educational development. Within this, we will create a Graduate Scheme in which our current students will gain inside knowledge about Higher Educational providers from those that are currently in attendance of them, expand the number of workshops our graduating students undertake with drama school providers, and increase availability of private coaching sessions to support students with audition material.

Although students are already encouraged to support each other by attending in-house performances, and participate in shows not only with young people in their year group, but also across the acting or musical theatre pathway, we intend on delivering some extra-curricular activities to provide young people with opportunities to upskill, develop transferrable skills and build a community throughout Bodens College Limited.

Our students participate in an annual Work Experience Programme, in which they have the opportunity to undertake a placement in a professional environment. One of our aims is to improve our provision, so that more of these positions are within a creative atmosphere.

FINANCIAL REVIEW

Financial position

Bodens College Ltd ended the period with total net assets of £52,916, having added to its reserves due to solid performance and good financial management. All reserves are unrestricted usable reserves and at 31 July 2025 it had £19,667 in its bank account.

Financial performance

Total income for the 13 month period ended 31 July 2025 was £611,252 and expenditure was £597,205, delivering a surplus of £14,047. Expenditure includes £19,175 of depreciation and £19,367 of interest payable on a loan from the Charity Bank. Of total income received, £556,131 came from Big Creative Training.

Reserves policy and risk management

Page 10

Bodens College Ltd Trustees Annual Report

Bodens College Ltd has determined that its level of unrestricted usable cash reserves in the medium term should be three months of operational costs; in the medium term there will be less requirement for upfront capital investment. The Trustees and Executive team believe that reserves will increase going forwards, now that key investment is in place. Key risks are to be effectively managed and regularly discussed at Trustee meetings.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Signed on behalf of the board

Katherine McCutcheon Trustee 11 March 2026

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SIGN
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Page 11

Bodens College Ltd Independent Examiners Report

Independent Examiner's Report to the trustees of Bodens College Ltd

I report to the charity trustees on my examination of the financial statements of Bodens College Ltd for the period ended 31 July 2025.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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

As 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 because I am a member of Associate Chartered Accountant (ICAEW), which is one of the listed bodies.

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

I have no concerns and have come across no other matters in connection with the examination to which

attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mrs Luna Muncaster BSc ACA Associate Chartered Accountant (ICAEW)

Luna Muncaster Ltd

40 Vera Avenue

Grange Park

London

N21 1RG

11 March 2026

Page 12

Bodens College Ltd Statement of Financial Activities

for the period ended 31 July 2025

for the period ended 31July 2025
BodensCollegeLtd
Statement ofFinancialActivities
Notes
Income and endowments
from:
Donationsandlegacies
4
Charitableactivities
5
Investments
6
Total
Expenditure on:
Raisingfunds
7
Other
8
Total
Netgainsoninvestments
Netincome
9
Transfersbetweenfunds
Netincome before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2025
£
559,966
51,275
11		 Totalfunds
2025
£
559,966
51,275
11		 Totalfunds
2024
£
391,959
1,086
60
611,252
196,733
400,472		 611,252
196,733
400,472		 393,105
113,222
241,014
597,205
-		 597,205
-		 354,236
-
14,047
-		 14,047
-		 38,869
-
14,047 14,047 38,869
14,047
38,869		 14,047
38,869		 38,869
-
52,916 52,916 38,869

Page 13

Bodens College Ltd Summary Income and Expenditure Account

for the period ended 31 July 2025

Income
Interestandinvestmentincome
Gross incomefor the period
Expenditure
Interest payable
Depreciationandchargesfor
impairment of fixedassets
Totalexpenditurefor the period
Netincome before taxfor the period
Netincomefor the period		 2025
£
611,241
11
611,252
558,663
19,367
19,175
597,205
14,047
14,047		 2024
£
393,045
60
393,105
335,115
-
19,121
354,236
38,869
38,869

Page 14

Bodens College Ltd Balance Sheet

at 31 July 2025

at 31July 2025
BodensCollegeLtd
BalanceSheet
Company No.
14936070
Notes
2025
£
Fixed assets
Tangibleassets
11
120,127
120,127
Current assets
Debtors
12
-
Cashat bankandin hand
19,667
19,667
Creditors: Amountfallingdue within one year
13
(86,878)
Netcurrentliabilities
(67,211)
Totalassets lesscurrentliabilities
52,916
Net assetsexcludingpension asset orliability
52,916
Totalnet assets
52,916
Thefundsofthecharity
Restrictedfunds
14
Unrestrictedfunds
14
Generalfunds
52,916
52,916
Reserves
14
Totalfunds
52,916		 2024
£
138,386
138,386
32,362
15,816
48,178
(147,695)
(99,517)
38,869
38,869
38,869
38,869
38,869
38,869

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

For the period ended 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 11 March 2026

And signed on its behalf by:

Katherine McCutcheon

Trustee

11 March 2026

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Page 15

Bodens College Ltd Statement of Cash flows for the period ended 31 July 2025

Cashflowsfrom operatingactivities
Netincome perStatement ofFinancialActivities
Adjustmentsfor:
Depreciation ofproperty,plantand equipment
Dividends,interestand rentsfrominvestments
Decrease/(Increase)in tradeand other receivables
Netcash provided by operatingactivities
Cashflowsfrominvestingactivities
Paymentsfor property,plantand equipment
Dividends,interestand rentsfrominvestments
Netcash usedininvestingactivities
Cashflowsfromfinancingactivities
Repayment ofborrowings
Netcash(usedin)/fromfinancingactivities
Netincreaseincash andcash equivalents
Cash andcash equivalentsat the beginningofthe period
Cash andcash equivalentsat the end ofthe period
Componentsofcash andcash equivalents
Cashand bankbalances		 2025
£
14,047
19,175
(11)
32,362
65,573
(916)
11
(905)
(60,817)
(60,817)
3,851
15,816
19,667
19,667
19,667		 2024
£
38,869
19,121
(1,146)
(32,362)
24,482
(157,507)
1,146
(156,361)
147,695
147,695
15,816
-
15,816
15,816
15,816

Page 16

Bodens College Ltd Notes to the Accounts

for the period ended 31 July 2025

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.

assets

Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 17

Bodens College Ltd Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and equipment 20%% straight line Fixture and fittings 10%% straight line

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 18

Bodens College Ltd Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 19

Bodens College Ltd

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Investments
Other
Total
Expenditure on:
Raisingfunds
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Big CreativeTraining grant
Jack Petcheygrant
5
Incomefromcharitable activities
Promincome
Showincome
Coursefees
Venue hireincome		 Unrestricted
£
556,131
3,835
559,966
Unrestricted
£
7,276
17,361
24,983
1,655
51,275		 Unrestricted
funds
2024
£
391,959
60
1,086
393,105
113,222
241,014
354,236
38,869
38,869
38,869
38,869
Total
2025
£
556,131
3,835
559,966
Total
2025
£
7,276
17,361
24,983
1,655
51,275		 Totalfunds
2024
£
391,959
60
1,086
393,105
113,222
241,014
354,236
38,869
38,869
38,869
38,869
Total
2024
£
388,559
3,400
391,959
Total
2024
£
1,086
-
-
-
1,086

Page 20

Bodens College Ltd Notes to the Accounts

6
Incomefrominvestments
Bankinterest
7
Expenditure on raising funds
Costsofgenerating voluntary
income
Tutorcosts
Directshowcosts
8
Other expenditure
Advertising/ promotional
Researchcosts
Student promcosts
Merchandise
Otherinterest payable
Employeecosts
Motorand travelcosts
Premises costs
Amortisation,depreciation,
impairment,profit/losson
disposalof fixedassets
Generaladministrativecosts
Legaland professionalcosts
9
Netincome before transfers
Thisis statedaftercharging:
Depreciation ofownedfixedassets		 Unrestricted
£
11
11
Unrestricted
£
161,238
35,495
196,733
Unrestricted
£
1,071
4,442
5,039
252
19,367
67,973
2,998
237,017
19,175
31,815
11,323
400,472
2025
£
19,175		 Total
2025
£
11
11
Total
2025
£
161,238
35,495
196,733
Total
2025
£
1,071
4,442
5,039
252
19,367
67,973
2,998
237,017
19,175
31,815
11,323
400,472		 Total
2024
£
60
60
Total
2024
£
67,140
46,082
113,222
Total
2024
£
453
2,852
1,350
609
-
81,278
-
58,350
19,121
27,044
49,957
241,014
2024
£
19,121

Page 21

Bodens College Ltd Notes to the Accounts

BodensCollegeLtd
Notesto the Accounts
10 Staffcosts
Salariesand wages
Pensioncosts
No employee received emolumentsin excessof£60,000.
11 Tangiblefixed assets
Cost or revaluation
At 1July 2024
Additions
At 31July 2025
Depreciation and
impairment
At 1July 2024
Depreciationchargefor the
year
At 31July 2025
Net bookvalues
At 31July 2025
At 30June 2024
12 Debtors
Prepaymentsandaccruedincome
13 Creditors:
amountsfallingdue within one year
Bankloansand overdrafts
Otherloans		 2025
60,021
725
60,746
Plant and
equipment
£
33,706
379
34,085
6,741
6,741
13,482
20,603
26,965
2025
£
-
-
2025
£
75,878
11,000
86,878		 Fixture and
fittings
£
123,801
537
124,338
12,380
12,434
24,814
99,524
111,421		 2024
77,173
1,166
78,339
Total
£
157,507
916
158,423
19,121
19,175
38,296
120,127
138,386
2024
£
32,362
32,362
2024
£
118,513
29,182
147,695

Page 22

Bodens College Ltd Notes to the Accounts

14 Movement in funds

14 Movementinfunds
BodensCollegeLtd
Notesto the Accounts
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
15 Analysisofnet assetsbetweenfunds
Fixedassets
Netcurrentassets
16 Reconciliation ofnet debt
Cashandcash equivalents
Borrowings
Bankloans
Net debt		 At 1July
2024
38,869
38,869		 Incoming
resources
(including
other
gains/losses)
£
611,252
611,252
At 1July
2024
£		 Resources
expended
£
(597,205)
(597,205)
Unrestricted
funds
£
120,127
(67,211)
52,916
Cashflows
£		 At 31July
2025
£
52,916
52,916
Total
£
120,127
(67,211)
52,916
At 31July
2025
£
15,816 3,851 19,667
15,816
(29,182)
(118,513)
(147,695)
(131,879)		 3,851
18,182
42,635
60,817
64,668		 19,667
(11,000)
(75,878)
(86,878)
(67,211)

Page 23

Bodens College Ltd Notes to the Accounts

17 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025 2024 2024
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operatingleaseswith expiry date:
Pensioncommitments
2025 2024
£ £
The pensioncostcharge to thecompany
amounted to: 725 1,166

18 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 24

Bodens College Ltd Detailed Statement of Financial Activities

for the period ended 31 July 2025

for the period ended 31July 2025
BodensCollegeLtd
DetailedStatement ofFinancialActivities
Income and endowmentsfrom:
Donationsandlegacies
Big CreativeTraining grant
Jack Petcheygrant
Charitableactivities
Promincome
Showincome
Coursefees
Venue hireincome
Investments
Bankinterest
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
Tutorcosts
Directshowcosts
Totalofexpenditure on raising
funds
Other expenditure
Advertising/ promotional
Researchcosts
Student promcosts
Merchandise
Otherinterest payable
Employeecosts
Salaries/wages
Pensioncosts
Stafftraining
Staffwelfare
Motorand travelcosts
Fares		 Unrestricted
funds
2025
£
556,131
3,835
559,966
7,276
17,361
24,983
1,655
51,275
11
11
611,252
161,238
35,495
196,733
196,733
1,071
4,442
5,039
252
19,367
30,171
60,021
725
2,533
4,694
67,973
2,998
2,998		 Totalfunds
2025
£
556,131
3,835
559,966
7,276
17,361
24,983
1,655
51,275
11
11
611,252
161,238
35,495
196,733
196,733
1,071
4,442
5,039
252
19,367
30,171
60,021
725
2,533
4,694
67,973
2,998
2,998		 Totalfunds
2024
£
388,559
3,400
391,959
1,086
-
-
-
1,086
60
60
393,105
67,140
46,082
113,222
113,222
453
2,852
1,350
609
-
5,264
77,173
1,166
188
2,751
81,278
-
-

Page 25

Bodens College Ltd

Detailed Statement of Financial Activities

BodensCollegeLtd
DetailedStatement ofFinancialActivities
Premises costs
Rent
Rates
Light,heatand power
Premises cleaning
Premisesinsurances
Premisesrepairsand
maintenance
Other premises costs
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of Plantand
equipment
Depreciation of Fixtureand
fittings
Bankcharges
Equipment repairsand
maintenance
General insurances
Software,ITsupportand related
costs
Stationeryand printing
Subscriptions
Sundry expenses
Telephone,fax and broadband
Legaland professionalcosts
Accountancyand bookkeeping
Solicitor'sfees
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Netincome
Netincome before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward		 156,297
18,661
12,299
35,073
-
4,050
10,637
237,017
6,741
12,434
228
6,717
2,351
3,762
7,097
3,532
1,002
7,126
50,990
1,622
9,701
11,323
400,472
597,205
-
14,047
14,047
-
14,047
38,869		 156,297
18,661
12,299
35,073
-
4,050
10,637
237,017
6,741
12,434
228
6,717
2,351
3,762
7,097
3,532
1,002
7,126
50,990
1,622
9,701
11,323
400,472
597,205
-
14,047
14,047
-
14,047
38,869		 27,000
3,736
5,802
17,231
1,072
-
3,509
58,350
6,741
12,380
1,357
3,180
1,793
4,439
2,320
3,345
5,505
5,105
46,165
1,000
48,957
49,957
241,014
354,236
-
38,869
38,869
-
38,869
-

Page 26

Bodens College Ltd Detailed Statement of Financial Activities

Total funds carried forward

52,916

52,916

38,869

Page 27