The Quiet Mind Centre la company limited by guarantee having no share capital)
The Quiet Mind Centre
A company limited by guarantee having no share capital
Annual Report and Unaudited Financial
Statements for the year ended 30 April 2024
Company Number: 02869344
Charity Number: 1029636

The Quiet Mind Centre la company limited by guarantee having no share capital)
Contents
Page
Trustees annual report
Independent examiner's report
Statement of financial activities
Statement of flnancial position
Trustees. statement
Notes to the financial statements
10-14
Income and expenditure account
15

The Quiet Mind Centre (a company limited by guarantee having no share capital)
Trustees Annual Report
For the year ended 30 April 2024
The Trustees have pleasure in presenting their annual report and the
unaudited financial statements for the year ended 30 April 2024.
The financial statements comply with current statutory requirements, the
memorandum and articles of association and Statement of Recommended
Practice, Accounting and Reporting, by Charities FRSIO2.
Principal Activities
The principal activity of the charity is to promote spiritual and physical well-being by
alternative medicine procedures.
Directors
The directors of the company (being Trustees) in office during the year were:
Mr N R Flynn - Chairman
Mrs A E Searle
Mr T Keenan
Full name
The Quiet Mind Centre
Registration
The charity is registered with the Charity Commission
and under the Companies Att 2006
Principal registered address
14 Hartley Road
Exmouth
Devon EX8 2SG
Company Registration Number 02869344
Charity Registration Number
1029636
Bankers
HSBC PIC
Magnolia Centre
9 Chapel Street
Exmouth EX8 IHR
Independent Examiner
Martin Green, FCCA
43 Portway
Wells
Somerset BA5 2BB

The Quiet Mind Centre (a company limited by guarantee havinB no share capital)
Charity Aims and Philosophy
to relieve sickness by the provision of all non-toxic methods of healing and
natural therapeutics designed to relieve human suffering and distress.
to promote preventative healthcare;
to provide a broad resource and information service to the community on all
matters related to health.
to raise awareness of all aspects of complementary care and healingi
to promote stress reduction by teaching and encouraging tolerance,
compassion, understanding and loving attitudes.
to encourage the blending of allopathic and complementary care;
to encourage and promote research into the efficiency of complementary care;
to provide facilities for training complementary therapists;
the Centre's services are open to any individual, regardless of financial
circumstances (specific consideration of public benefit); and
to provide healing and guidance in spiritual matters to support an individual's
religious beliefs.
In shaping objectives and plannlng activities, the Trustees have considered the
Charity Commission's guidance on public benefits and fee charging.
Organisation
The board of Trustees administer the charity and meet regularly. Day to day
operations are managed by a centre manager who receives remuneration.
Recruitment and appointment of new Trustees is considered and managed by existing
Trustees.
Meetings
The charity continues to hire out rooms within the centre to groups who wish to
promote alternative and natural therapeutic methods of healthcare.
Investments
The charity has the power to make any investment the Trustees see fit.

The Quiet Mind Centre {a company limited by guarantee having no share capital)
Risks
The Trustees have assessed the major risks to which the charity is exposed, in
particular those related to its operations and finances, and are satisfied that systems
are in place to mitigate exposure to those risks. It is the responsibility of the General
Manager to identify major risks and notify the Trustees who implement necessary
remedies as quickly as possible.
The Governance of the Quiet Mind centre is the responsibility, ultimately, of the
Trustees. The skills of staff members are monitored at inteniiew, confirmation of
appointment and at frequent appraisal.
The Financial risks are limited by adherence to the Quiet Mind Centre's system of
internal controls and by annual review by a charities finance specialist.
Operational risks are assessed and reviewed in progress with special regard to:
the failure of computers;
the risk of harm to all visitors and staff; and
electrical equipment.
Compliance with legislation in all fields appropriate to the activities of the charity is
frequently monitored both internally and by relevant Government inspectors. Health
and hygiene, building and fire certificates are all held and checked as required. The
Trustees and Generas Manager number amongst their responsibilities awareness of
new and revised laws and regulations.
Environmental risk of pollution by the charity or others affecting it is monitored.
The Trustees continue to ensure that Insurance policies cover in full a possible claim
or loss in respect of the charity's activities. Therapists are required to provide
evidence of current comprehensive insurance to cover possible risks in respect of the
practice of their therapies.
Reserves Policy
The Trustees have set aside reserves as part of the policy of good financial practice
and in order to protect the future operations of the charity from the effects of any
unforeseen variations in its income. The policy is to retain existing reserves in
investments that are readily available on call.
At 30 April 2024, the amount of reserves in unrestricted funds totalled £61,928
(2023: £86,596) see below.
Review of financial activities and affairs
As shown on the statement of financial activities on page 7, incoming resources
decreased by £16,351 to £45,368 (2023: £45,368). Expenditure increased by £1,456
to £51,349 (2023 £49,893). The charity reports a deficit of £25,584 (2023: 4,525
deficit} and a revaluation gain on investments of £916 (2023: £2,317 loss). As a
result, reserves decreased by £24,668 from £86,596 to £61,928.

The Quiet Mind CentrÈ (a company limited by guarantee having no share capital)
Other means of raising funds
The charity holds occasional flag days and raffles and items such as books and
refreshments are available for purchase within the centre although these have been
affected in the year by the Covid pandemic.
Inspiration
The Directors and Trustees continue to follow the inspiration and direction of the
founder of the Quiet Mind Centre -Mrs Bobby Neil who passed away in 2016. Sadly
her husband and charity Treasure. Stuart Neill, passed away in April 2024.The
Trustees have pledged to maintain the aspirations and professional standards of the
Centre as a tribute to their combined example.
The Trustees would like to thank all the volunteers and therapists for thelr unstinting
help throughout the year.
This report has been prepared in accordance with the Special Provisions of Part 15 of
the Companies Act 2006 relating to small companies and was approved by the Board
on
L..
2015
and signed on its behalf by:
Trustee: Mr N R Flynn
Chairman
Trustee: Mr T Keenan

The Quiet Mind Centre (a company limited by guarantee having no share capitall
Independent Examiner's report to the Trustees of the Quiet
Mind Centre
I report on the accounts of the charity for the year ended 30 April 2024, which are set
out on pages 7 to 8 and 10 to 14.
Respertive responsibilities of the Trustses and examiner
The Trustees (who are also the directors of the company for the purposes of company
law) are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144(2) of the
Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subjert to audit under company law and
is eligible for independent examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Att.
follow the procedures laid down in the General Directions given by the Charity
Commission under section 145 (5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by
the Charity Commission. An examination includes a review of the accounting records
kept by the charity and a comparison of the accounts presented with those records. It
also includes consideration of any unusual items or disclosures in the accounts and
the seeking of explanations from you as trustees concerning such matters. The
procedures undertaken do not provide all the evidence that would be required in an
audit and, consequently, no opinion is given as to whether the accounts present a
"true and fair view" The report is limited to those matters set out in the statement
below.

The Quiet Mind Centre (a company limited by guarantee having no share capit31)
Independent examiner"s statement
I have completed my examination. I confirm that no material matters have come to
my attention in connection with the examination which gives me cause to believe that
in, any material respect:
the accounting records were not kept in accordance with section 130 of the
Charities Act and section 386 of the Companies Act 2006. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the
fonn and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 and section 396 of the Companies Act 2006 other than any
requirement that the accounts give a 'true and fairf 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.
Martin Green FCCA
Date:
J_
2ois
43 Portway
Wells
Somerset BA5 2BB

The Quiet Mind Centre (a company limited by guarantee having no share capital)
Statement of financial activities for the year ended 30 April
2024
Incoming Resources
Note
2024
2023
Donations
Other income
Investment income
24,943
39,822
185
Total incoming resources
45.368
Resources expended
Direct charitable expenditure
Governance costs
51,349
3,252
47,796
2,097
Total resources expended
Net (outgoing) / incoming resources for
the year
(25,584)
(4,525)
Net movement in funds
(25,584)
(4,525)
Gain/(loss) on revaluation of investment
asset
916
(2,317)
Fund balances brought forward at l May
2023
86,596
93,438
Fund balances carried forward at 30
Aprll 2024
61,928
86,596
There were no other recognised gains and
losses

The Quiet Mind Centre (a tompany limited by guarantee having no share capital)
Statement of financial position as at 30 April 2024
Note
2024
2023
Fixed Assets
Tangible assets
Investments
58,449
Current Assets
Receivables
Cash at bank and in hand
3,313
28,897
Current Liabilities
Payables and accruals
750
750
Net current assets
Net Assets
Funds unrestrirted

The Quiet Mind Centre (a company limited by guarantee having no share capital)
Trustees statement
In preparing these financial statements:
The Trustees are of the opinion that the company is entitled to the exemption
from audit conferred by Section 477 of the Companies Act 2006.
No notice has been deposited under Section 476 of the Companies Act 2006
and
The Trustees acknowledge their responsibilities for:
ensuring that the company keeps accounting records which comply with
Section 386 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of
affairs of the company as at the end of the financial period and of its profit
and loss for the financial period in accordance with the requirements of
Sections 394 and 395, and which otherwise comply with the requirements of
this Act relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions
of Part 15 of the Companies Act 2006 relating to small companies and with the
financial reporting standards for smaller entities (effective April 2008).
The financial statements on pages 7 to 14 were approved by the Board of Trustees on
J_
2olS
and were signed on its behalf by:
Trustee:
Mr N R Flynn
Chairman
Trustee:
Mr T Keenan
Trustee
The accompanying accounting policies and notes form an integral part of these
financial statements.

The Quiet Mind Centre (a company limited by guarantee having no share capital)
Notes to the financial statements for the year ended 30 April
2024
The company is limited by guarantee. The liability of the members is limited to £1
each.
l Accounting Policies
a ) Basis of preparation
The financial statements have been prepared under the historlc cost convention, in
accordance with the financial reporting standards for smaller entities and the
Statement of Recommended Practice by Charities Accounting and Reporting (SORP
FRS 102) as well as applicable accounting standards and the Companies Act 2006.
b) Incoming resources
Charitable trading artivities and other income
Income from the sales of refreshments and books is included in incoming resources in
the period in which the income is received. Other income is also included in the period
in which the income is received.
Donations and grants
Income from donations and grants, including capital grants. is included in incoming
resources when it is ￿ceivable, except as follows:
when donors specify that donations and grants given to the charity must be
used in future accounting periods, the income is deferred until those periods;
and
when donors impose conditions which have to be fulfilled before the charity
becomes entitled to use such income, the income is deferred and not included
in incoming resources until the preconditions for use have been met.
When donors specify that donations and grants, including capital grants, are for
particular restricted purposes, which do not amount to preconditions regarding
entitlement, this income is included in incoming resources of restricted funds when
receivable.
Interest receivable
Interest is included when receivable by the charity
c) Resources expended
Resources expended are included in the Statement of Financial Attivities on an
accruals basis, inclusive of any VAT which cannot be recovered. All expenditure has
been classified under headings that aggregate all costs related to the category. Costs
that cannot be directly attributed to particular headings have been allocated to
activities on a basis consistent with use of resources.
10

The Quiet Mind Centre (a company limited by guarantee having no share capital)
Costs of generating funds
These are resources expended through the raising of finance and any costs that are
not direct charitable costs or governance costs.
Charitable activities
Resources expended on charitable activities comprise all the resources applied by the
charity in undertaking its work to meet its charitable objectives as opposed to the cost
of raising the funds to finance these activities and governance costs.
Govemance costs
Governance costs are the costs associated with the governance arrangements of the
charity which relate to the general running of the charity as opposed to those costs
associated with fundraising or charitable activity.
d) Fund accounting
Funds held by the charity are unrestricted general funds - these are funds which can
be used in accordance with the charitable objects at the discretion of the Trustees.
e) Tangible assets
Tangible assets are capitalised if they can be used for more than one year. They are
stated at cost less depreciation.
Depreciation is calculated at rates designed to write off the cost less estimated
residual value of each asset over its expected useful life as follows:
equipment - 20 % per annum straight line on cost
f) Intangible assets
Shares held are not tradable or intended for resale and are valued at cost
g) Investments
Investments are programme investments with income generated used to support the
Trust's objectives. These are invested in the Schroders Income Maximiser A inc fund.
Investments are valued at market value with gains and losses taken to funds.
h) Assets and liabilities
Current assets are included at the lower of cost and net realisable value.
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to the expenditure. Liabilities are included at their settlement
value.
11

The Quiet Mind Centre {a company limited by guarantee having no share capital)
2 Investment Income
2024
2023
Rents receivable
Interest receivable
185
3 Tangible fixed assets
2024
2023
Equipment - cost
As at l May 2023 and 30 April 2024
5,058
5,058
Depreciation
As at l May 2023
Charge for the year
As at 30 April 2024
5,058
5,058
Net book value at 30 April 2024
4 Investments
Valuation
2024
2023
Market value as at l May 2023
58,449
80,766
Additions
Disposals
Revaluations
(20,000)
(2,327)
916
Market value as at 30 April 2024
58,449
4b Subsequent event disclosure
In May 2024 £10,000 of investments were sold. On a like for like basis
excluding this sale, t the accounts preparation date (29-11-24), the value of
investments has risen by £2,340 to an equivalent value of £61,705.
12

The Quiet Mind Centre (a company limited by guarantee having no share capital)
5 Payables and accruals
2024
2023
Accruals
750
750
6 Reconciliation of movements on funds
2024
2023
Opening funds at l May 2023
Excess (expenditure)/income for the year
Gain/(loss) on revaluation of investment asset
86,596
(25,584)
916
93,438
(4,525)
Closing funds at 30 April 2024
7 Related party transactions
There were no related party transactions in the year (£9,079 in 2022/23)
13

The Quiet Mind Centre (a company limited by guarantee having no share capital)
8 Staff costs
2024
2023
Wages and salaries costs
No employees received remuneration in excess of £60,000 for either 2024 or
2023. No remuneration was paid to trustees.
9 Staff numbers
The average number of persons employed during the year was 4 (2023: 4).
10 Accountant's remuneration
2024
2023
In respect of accounts production and independent
examination
750
750
14

The Quiet Mind Centre (a company limited by guarantee having no share capitsl)
Income and expenditure account
For the year ended 30 April 2024
(this page does not form part of the financial statements)
2024
2023
Income
Donations
Room hire
Interest received
24,943
39,822
185
29,017
45,368
Direct charitable expenses
Wages and salaries
Rent and rates
Insurance
Miscellaneous expenses
Office supplies & travel
30,374
17,142
621
112
27,596
16,441
565
428
51,349
47,796
Governance costs
Broadbandtrelephone
Admin & stationery
Accountancy
Bank charges
975
1,470
750
57
643
612
750
92
Net (expenditure)/income for the
year
15