THE Compassionate Mind FOUNDATION The Comp•sslonate Mlnd Found•tlon Annual Report and Flnanclal Slatements lorthe Year Ended 31 Juty2024 Chaffty number. 1120364 Company number. 05888231
The CompassIonatOthUndII[on Contents ol the knnual Report and Flnanclal Statemenls for the year ended 31 July 2024 Trustees, report Itolo Accountants. report li ststement of financlal acttvitles Balance sheet 13 Cash Flow statement 14 Notes to the Cash Flow ststemenl 15 Notes to the financial statements 16to20
Th• Comy551on•t• Mlnd Foundatlon Report of the Trultees for Ihe y•ar ended 31 July 2024 The Trustees are Pleased to present thelr report logether wlth the Ilnanclal statements of the Charltylor thear ended 31 July 2024. Referènce •nd admlnlstratlve Infomiatlon Trustees and DlrectorJ The Direclors ol The Compasslonate Mind Foundation, a clrItable company Ithe"Charlty"l are Its Trustees lor the purpose of Charlty Law and throughout thls report are collectlvely referred to as the Trustees. The Tfustees seNlng durlngthe year and at the year*nd are as tollows: Board of Trustees.. Dr K McEwan (ChaSrper50n) Ms S Dowd- resigned 0510812024 Mrs J Forrest Mrs J Glibert Dr T A Schroder Mr Dshah Mrs Dwoollands Presldent: Prof. P Gilbert Charfty number. I0364 Company numb•r. 5888231 p4¢1
The Comp•sslonat• Mlnd Foundatlon ft•portofth• TNsts•1 for th• y•ar •nd•d 31 Juty 2024 Markeaton Lodge Unfverslty of Derby Markealon Street Derby Derbyshire DE22 3AW Cedar+ Co. Chartered Certffled Accountants The Greenhouse 10&108Ashboume Road Derty Derbyshlre DE22 3AG Banke. The Cfroperatlve Bank PO Box 250 Delf House Skeimersdale WN86WT P•2
Th• Compasslonat• Mlnd Founditlon Rwtof tho TNit••s tor th• y•ar •nd•d 31 July 2024 turn, C0MIn¢• ind Man•8em•nt Gowrnlni Docum•nt The Compassionate Mind Foundation Is a Companylimited ty guarantee and a Registered Charlty IcoLlectlvely referred to as the"Charlty"l. The Charlty was estab115hed under a MemorandumofL8soclatlon vthlch eslabllshed the objects and poweis ofthe chaillable and Is govemed under Its Artlcles of Assoclatlon. In the event of the Charlty belng nd up. theTrustees are required to contributean amount noi exceeding£io. The 8oaffl1S In the process of Updating the Memorandum and Articles. Ol¥e¢tlves otthe Charlty Conwasslonate Mlnd Foundatlon ICMF) Is a charitywhlch promotes wellbelng through faclutatlngthe sclentific understandlng and appllcation of compasslon. It is underpinned bythe theories put forward in the compassion focused therapy literature and research, including compasslonate mlnd theory. . The Foundatlon supports research and teachlng ol an evolutlon and contempLatlve infonned cornpasslon focused approach to human difficultles. The Founijation provides workshops. conferences, and a numberol different resources for cunlclans and Indlvlduats {In¢ding a community member's only site) to support thelr rk and personal practlce, faclutate the open d5scusslon on howto promote C(Mryasslonate molSves and behavlors across alldomalns. Foundatlon supports dissemlnation of the flow of compassion wherebywe are able to be compasslonate to othèrs, open to the compassion from others, and compasslonate lo ourselves. The fesponslblllty to ensure approprlate management ofthe Charlty Is vested In the Board of Trustees. Page 3
The Compa551onate Mlnd Foundatlon Report ol the Tru5teesforthoyear ended31 Juty2024 Indu¢tlon and Tralnlng ot Trustees Most TNstees a already familiar with the practlcal work of the Charity. However, new Trustees are encouraEed lo wsit the Charity's offices. website. etc. and attend meetings and eventstofamiliarisethemselves Withlme Charfty and the context In which itoperates. Staff and Trustees are prowded wth an Inductlon process and guldance. Rlsk Management The Board has agreed a risk management structure for the organisalion and has Identified the major riskstowhichthe organisation is exposed. Where appropriate. systems and procedures been established to mitigate the risks faced by the Charity. Internal control risks are minimised by the implementstion of procedures for authorisation of transactions and projects. Organlsatlonal Structure The Charity is managed bythe Board ofTfUStees, vtho are supported by the employees and a number of committees, who represent a vaiietyof professional backgrounds relevant to the rk ot the Charity. The employees meei wth the Trustees on a quarterly basis to discuss the future strategy and poLicy of the Charity in an advisory capacity. The final decision-making process Is Ihe responsibilityof the Trustees. Summary of Actlvltles Given the grovrth In activlties in previous years. one of the key developments in 2023-2024 was development of Infrastructure. Several new staff members Yre recruited to support activities and plans for future developments. Roles included: Personal & HRAssistant, Finance Assistant, Marketing Assistant and Events Manager. In July 2023. we also rnoved from two fented offlces In Rlverslde Chambers, Derbyto MaTkeaton Lodge. a bullding owned bythe Universlty of Derty, contalnlng 7 offices, meetln8 rooms, a kitchen and communal area. Thls has provlded more space for the growlng team and feedback has been positive as staff feel more settted and able to come together with mole communal spaces. The space also allows small eventsto be hosted wtth mlnlmal costs. Paffe 4
The Compasslon•ts Mlnd Foundatlon Report olth• Tru5t••5 foi th• y•ar •nd•d 31 July 2024 l. Womi In Compassion Eo.¢us¢d.Therapy. BPS Approyftd Tralnlni The Diploma Is a ten-month course that has been developed to meet Ihe growlng Interest. research, and practlce ol CFT. Thls course offers a unlque opportunlty to be part of a growtng Inlernatlonal cornmunlty of people who are workingwith CFT. CFT seeks to help those experiencingtransdiagnostic problems like shame, self-criticism and trauma, and more speclfic mental health difflculties, such asdepression and anxiety. Please referto our tbsite for further detaits Of thls training: httPS:IAwM.compasslonatemind.co.uklcompassiofvlocused-therapy- diploma The course is designed to facilitate leaming and experience by creating a balance of theory and practice elements. Thls balance ensuresthat learning is meanlngfullo everyday practice, and we hope to provide a supportive leaming environment. Thls is the second year runningforthe CFT Diploma and44trainees participated Inthis year's tralnlng. of this. 9 EDIF {di5counted Equality. Diversity and Inclusivity Fund places) were offered. The course has attracted trainees from the followingcountries: Braiil. Spain, Ireland. Dubai.Austraiia. Germany, Ukraine. Greece. Hong Kong. Argentlna. Scotland, Wales. Canada, US& NoThvay. Switzerland and England. Overlhe past two years, we have enroiied 78 therapists on our Diploma course. Feedback from course evaluation forms is oveThthelmingiy positive aboLrtthe quatity and relevance of the materials. the way the course was presented Iworkshops. masterclasses and reflective spaces). the trainers, the support they received, the length and pace of the course. supervision and relevance to practice. Trainees would also recommend the courseto acolleague. We hosted 32 workshops from September 2023 to July 2024 includingtralnings to gfve an oveNlew of CFf and Its application In different afeas such as staff support, grief, paln management, eating disorders and more. ApprornateLY 1,920 people joined the workshops In 2023-2024. Given the interest, mostwrjrkshops were onbne. ailoviingdeiegates from a wlder international audlence lo access Ouf trainlngs. The plan foi 202412025 is to increase the number0fvrkShopS and add 10 additionalworkshops compared to iastyear. This includes personal practice workshops and retreats as well as a number of meditation series for the general publlc. We will be iaigelyfocused on online trainlngs but are keen to offer more in-peon and hybrld Options where possible. This is due to the change in how people access tralnin& finances and otheifactors. Please visit our website for more information: httPS:Ilwbwi.compassionatemind.co.ukltrainlng Page 5
The Comp•sslonate Mlnd Foundatlon Report of th• TNst••s fvr th• y•ar •nd•d 31 July 2024 In October 2023, OUT 12" annual conference was held al Blmilngham. Mlllenlum Polnt and Ilvestfearned. The themewascompasslon Through Life'sjourney. Toplcs included worklngwllh trauma, chlldren, young people, teachers, parents. Physical health ano more. Over 180 people ITOM around the world attended each day and It was til Teceived. Organlsatlons have contlnued lo seek bespoke tralnlngwhich we have dellvered Ihroughout Ihe year vlth support of exremal speclalist tralners. Thls allows organlsatlonsto tallor the trainingto thelr budgets and needs. Thls year has seen requests from l-day to 4-days with the focus ranging from lorenslcs. compassionate leadership. staff support, Physlcal health, pain management, grlef. children & young people to perinaial and many more. By the end of the PTevious financialyear 2022-2023, we delNered 17 bespoke trainingworkshops compared to 27 bespoke workshops as of this financialyear 2023-2024. Over Ihe last 6 years. we have trained ow 2.750 attendees under the bespoke iralnlng. We have received very positive feedback from attendees and hopeto growthisarea. Another keyarea ofthe Foundation is community development. We offer a community membership designed to support and inspire compassion focused practice. Community membeiship is an endeavour to build a community of members who will have accesslo a range of resources such as roleplays. All income raised helps tosupport the Foundation and the workthatwe do. In 2023-2024.we had 680 community members. We have 14 Special Interest Groups ISIGS), and each are led by experienced and dedicated members of our community. They have been established to support and cultivate the application of Compassion Focused Therapy and Compassionate Mind Trainingwithin a particularfield or area. Each SIG has its ovm discussion list. ere members share recent publications, explore clinical or practical issues, come together io discuss certain topics or share practice. These are free to join. These SIGS are intended fof professional use and aimed at those worklng in healthcare. A key investment made was moving the management ol the SIGS trom Google Groups to Gaggiemail due to continual problems with Google Groups which seems to be going well. &nce 2006, the Compasslonate Mind communlty has expanded internationally. and we are dets'ghted that so many of our global colleagues have set UP Iheir own centres an(1 communities118 so far). You can explore and connect with our Interrbatlonal Affiliates via our website, wheie they are sptit by regionslcountrles. We have conttnued to work on co-ordinating several SIGS and affiliate groups. We are also worklng on building an 'intematlonal Ilbrary of guided practlces and resources. vthich will ofler materiats In a few different languages. We hope memt)ers ol our affiliate groups 11 contribute. This ¥ill fall under the Equallry. Incluslvity and Diverslty alms of the Fourmdatlon, whlch is being developed bythe team. Page 6
The Compasslonite Mlnd FouTrdJtlon Reportofth•Trust••sforth• y•ar•nded 31July2024 Mirketini We have conttnued to try and ralse the proflle and v401k of the Foundatlon both wllhln Ihe UK and ifflernaiionally. One offocuses h85 been to promote tralnlngworkshops. events and the Dlploma Ihrough the follcmlng markedng channels: prlnt advertlslng. soclal medla (Facebook. xifwltter, In$tagr3m & Llnkedlni. and emall Ilsts. We have posted regularly, and our soclal medla audlence (lollowersl has grown Irom approx.18.5K lollowers In 2022rJ to over 20K by August 2024. We have Invested In marketlng tools to help support our work. In July 2024. we appoSnled a dlgltal rnarketlng agency to help develop the webslte and digital marketlng wtth the aimoffalslngawareness of ouiwork and reaChIngaderaUdIence withln the UK and Internallonally. & search Oneotthe alms ofthe Foundatlon Is to support iesearch. In 2023-2024, a key projectwe worked onwas a collaboration with colleagues In Italy aimed at exploring the effeciiveness of CFT. A systematlc search ol six databases was conducted. focusing on randomized controlled Irials IRCTS) and controlled piloufeasibits'ty studles of CFf. 47 studles from the past 14 years wlrh a total of 7.875 partlclpants from 17 dlfferent countries were included. Results suggestthat CFfts effeclive in reducingsymptoms ol depression, anxiety. and self- criticism and improving compassion-based outcomes across a range of clinical and noncllnical samples wlth medlum to large effect slzes. For more Informatlon. please see: httPS:iipsycnet.apa.orgJfulltexV2024-33588- 001.html. We have tiled to ralse the profile ol CFf withln the NICE guidellnes commlttee which, if successfuL mayhave an impacton ourtrainings. We vre atso Involved In several projects focuslng on COVID-19 In 2023-2024. One of the prolects explored people'slears about C0V119and reports in the media surroundingthevirus In relation to sympioms ofanxiety. depresslon and stress. The results suggest people were most concemed about passing COVID onlo others, father than catchlng It themselves. and that people struggled wlth the medla's contradlctory advlce as well as exploitation of suffering. These lindings are useful for informing methods of presenting inlomialion on Ihreat and trag]c events. For more Informalion see.- https:Ilrepository.derby.ac.uklitem19x70zlhomessageS-aboUt-¢OV10- 1May-havaeCled-pe0p1e-s-Sense-ol-threat-and-rnenta1-hea1(h p¥e7
The Compasslonate Mlnd Foundatlon Report of the TNstee5 for th• yoar. ended31 July 2024 Another project explored whether compasslon has a protectlve role agalnst the harmful Impact of perceived COVID-19 threat on mental health and Social safeness In a sample of 4,057 adults across 21 countrles. The results suggest that self<ompasslon and compasslon from olheis were Ilnked wlth lower psychological dlstress and higher social safeness. and compasslon foi others was related wlth decreased depresslve symptoms. For more information see: httPS:iipmc.ncbi.nlm.nih.govlarticleslPMC87246021 In 2023-2024, we also foll0vd up a group thatwas part of a project that explored the impact of 3 25 sesslon CFr group tailored to helping indiwduaLs diagnosed with bipolar affective disorder. The results from the study suggested that four out of the total six people who took parr had consistent improvements in anxiety, depresslon, socialcompassion. social safeness and compassion engagement. Heart ratevariabiiitysignificantly irnproved over the course of the therapy. Quab'tative data from three focus groups suggested participants found gave them helpful insight into- how evolution has given rise to a number of difficult problems for emotion regulation lcalled tricky brainl wttich is not one's fault; an vlolutionary understanding of the nature of bipolar disorders" development ol a compassionate mind and practices of compassion focused Nisuaiisations. $e$ of thinking and behaviours; addressing tssues of self-criticism; and building a sense of a compassionate identity as a means of coping with life difficulties. For more information. please see: httPS.lfvwMY.frontiersin.orgriournaipsychO1ogYIart1clesllO.3389IfpSyE.2O22.841932ItUll At the follow up meeting. the people who took part in the study maintained how helpful the therapy had been and said it was'Life- changing.. We have also been involved in several studies exploring Compassionate Mind Trainlng in educational settings In the UKand Portugal. These have explored CMTwith pupils, teachers and highereducatlon students. Workwith teachers. staff and educators has involved 700 participants. Results showsignificantdecreases in anxiety. depression and stress, improved job satisfaction and physiological health {as measured by heart ratevariabilityi. compared with staff who did not take the course. CMT-Pupiis has been trlalled with over300 puplis in the UKwith promising results, For more information. please see: httPS:IIUnk.sprlnger.comlarticlellO.10071$12671-01o1I85-9 httPS:Inink.5piinger.comlarticlellO.10071s12671-024-02303-y httPS:inink.springer.comlarticlellO.10071s12671-021-01778-3 Page 8
The Comvsilon•te Mlnd Foundallon fteport otth• TNst••J foilhe y•ar •nd•d 31 July 2024 We also publlshed results from studles explorlng the Impact of an energlsing compasslon practlce whlch a5 l-recelved Ihttps.IIYW.0n1IerS1n.orWIoumaIsIpsYcho1Ogyiaft1cleS/lO.3389lIpsyg.2023.IIsos92l1uI1) and a study developing a measure to explore dlfflcultles In engaging In mlndlulness IhttPS:Illlnk.sprlnger.comlartlclellO.10071s12671-023-02171-yclteas). The Foundatlon also supported a small number of projects vAth grants. Thls Included a study explorlng the Impact of compasslonate mlnd tralnlng Intervention for teachers on indlcators of mental, physicaL and professionalwellbeing. and biophyslological and epigenetic markers. Flnanclal Revlew Gtventhe rapid growlh, the Charty plan to relnvestfunds Inlotralningdevelopment. providlng a combinalion ol face to face and onllne training. There are atso considerable plans for developing the infrastructure. employing more staff to support the Increased actlvltles as shown in the current years, accounts. Funds wlll also be used for research projects as well as developing resources. The CharitybMII also continue to offer more schoiarshlps and award free places on the training programmes. workshops, and conferences. Glven the rapld growth, the Charlty plan to relnvest funds into tralning development, providing a comblnatlon of face to face and onllne lialnln& There are also conslderable plans for developlng the Infrastructure, empioylng more staff to support the increased actlvltles a5 shown in the curient years accounts. Funds will also be used fof research projects as well as developlng resources such as Ireely avaliable Nldeo serles Ilke the'compasslon and Sale Reiatlnl serles developed durln8the pandemlc. The Charlty wlll atso contlnue to offer more scholarships and award free places on the tralnlng programmes, workshops. and conferences. Page 9
The Compasslonate Nlnd Foundatlon Report of th• Trustms for Ihfj year ended 31 Juty 2024 ReseNes Poilcy The policy ofthe Twstees Is togeneralefunds from tralnlngevents and charltable donatlons In ordef to facilitate the %wJrk of the Foundatlon. Thls Is to Increase the awarene55 and use of Compassion Focused Therapy In a variety of psycholow'cal and soclal domains. In adoition. the Chanwwillfund research Into compassion focused soclal and psychological research. We are developing a fund from trainlng events to coverthe costs of runnlng the Charlty, undertaklng research. maintainingthe website, and paylngtralners. In orderto do this. the Twstees estlmate that a reserve of £247.500 Is required to cover SIX months running costs of the Charity. The tinancial slatements currently show an unrestricted reserve of £250,241 forthe Charity as at 31 July 2024. The Trustees wlll continue to monitor the reserrfes policy. Trustees responslblutles In reiatlon to the financlal statements Cornpany Law requires the Trustees to prepare financial statements thatgNe a true and fair viewofthe state ofthe affairs ofthe Charityatthe end ofthefinancialyeaT and of its surplus or defic-tt forthe financial year. In doing so the Trustees are required to: Select suitable accounting policies and then applythem conslstently. Make sound judgements and estimatesthat are reasonable and prudent; and Prepare the financial statements on a going concem basis unless it is appropriate to presume thatthe Charity wlii not continue In business. The Trustees are responsible fo¥ maintaining proper accounting records. which disclose with reasonable accuracy at anytime the flnancial posltion ofthe Charity and enables them to ensure that the financial statements comply with the Companies Act 2006. TheTNstees are also responslble for safeguaroingthe assets of the Charity and hence for taking reasonable steps lorthe prevention and detection of fraud and other Ittegularities. Approved tythe Trustees and signed on thelr behalf by: Dr K McEwan DATE: 24 March 2025 Page
Th• Comp•s51gnit• Nlnd Fouftdatlon Ind•p•nd•ni •xamln•r'i T•port to th• Truit••J ol lh• Compaiilon•i• Mlnd Foundltlon I reportto the ch8rfty Inistees on my examlnatlon ol Ihe accounts of the Company lor the year •nd•d 31 Juty202 Responslbllltles and basls of report As the charftys trustees. you are responslble ft>r Ihe preparatlon ol the accounts In accordance Ihthe requlrementsofthe Charltles Acl20111"Ihe Acl"). I rept In respect ol my examSnatSon ofthe Trust's accounts carrled oth under sectlon 14S of the 2011 Act and In carrylngout myexamlnation, I have followed allthe applicable Dlrections sen ty the Charfty Commlsslon under sectlon 145151(b) ol the Act. Independent examlner's stalement the Companys gross Income exceeded £250.000. I conflrm that l am quallfled to undertake the examlnatlon because l am member of Assoclatlon of Chartered Certifled Intsnts. whlch is one of the listed bodies. I have completed my examlnatlon. I can confirm Ihat no materlal matters have come to my attentlon In connectlon wlth the examlnatlon (other than that disclosed below) whlch g$ me cause to believe that In, any materlal respecl: the accountlng records were not kept In accordance wlth sectlon 130 Otlhe Charltles t.or the accounts dld not accord with the accounting records: or Ihe accounts dld not complywlth the appllcable requlrements concernlng the forni and content of accounts sel out In the Charlues {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter consldered as part of an Independent examlnallon. I h*e no concems and have come across no other maters In connectlon wlth the examlnation Ich artentlon should be drawn In thls report In order to enable a propel understanding ot eac obere Cedar + Co. Chartered Certified Accountants The Greenhouse 11&108Ashboume Road Derby DE22 3AG DATE i•rf. Page li
Th• CMwssionit• Mlnd Founditlon St•toment ol Fkn•ftcl•l A¢lMtt•i IrKome •nd Expendltvr• Accounl rth• eTrded JI July 2024 Aestrlct•d Fundi Unieslrlcted Fundi 2024 2024 Total 2024 Total 2023 Note In¢ornlng resou¢$ Income trorn actiNrytses Donatlons Mwmot Grant 858,111 858,111 632.948 3,293 2.497 Tota iOrning resources 861,404 861.404 635,445 Gfant Costs ol activtties mance costs 2.500 2,500 747.661 747.661 648.514 164,866 164,866 122,596 TotaL fesources expended 2.500 912.527 915.027 771.110 Net lTrcornlng resources Fund balance broughl forward at 01 August 2023 Fund balance cathed fotward at 31 July 2024 (2,5001 {51,123) (53,6231 {135,665) 301.364 310,714 446.379 10,11 6,850 250.241 257,091 310,714 Page
Th• Comwiiionit• Mlnd Foundatlon Baiinc• shmt ai It JI July 2024 Note 2024 2023 Flx•d •ss•ts Tw4ibie assets 17,415 17.415 21,614 21.614 Stock Debtors Cash at bank and In hand 254 117.419 79.544 515.557 479.384 633.231 559.266 Credltors 393,555 270.166 cmnt assets 239,676 289.100 257,091 310.714 Capltal Funds Restricted funds Uniestrlcted funds 6,850 9.350 2SO.241 301,364 257.091 310.714 io For the yeai ending 31 July 2024 th8 charity Is entltled to exemption Irom audlt under seclion 477 ofthe Companles Act 2006 reLatlng to small companles. The Board of Trustees have not requlred Ihe companyto oblaln an audit of its financial slatements lor the r ended 31 July 2024 In accordance Sectlon 476 of the Companles Act 2006. The Board of Trustees acknowdedge Ihelr responslbillty for complylng th the requlrements of the Act wlth re8aidi io the accountlng records and the preparallon of accounts. These accounts have been prepared In accordance with the provlsions applicable to companies subject to the small companles iegime. Approved tythe board on 24 March 2025 and signe(l on Its behall by. The notes form part of these flnanclai siatements Dr K McEwan Pa(•
The CompasslMit• Mlnd Founditlon Cash ROW Stii¢m•nt For thejwr •nded 31 luly 2024 2024 2023 Cash flowsfrom operatlng actmlles Cash generated from operatlons Net cash (used In) I provlded by operatlngacllvltles 43,757 {56.557) 43,757 156,557) Cash flows from Investlng actlvftles Purchase of tangible fixed assets Interest reCerd Net Cash used iln Investlngactivlties 17.5841 {12,004) (7.584) {12.004) Change In cash and cash equlvalents In the reponI peflod 36.174 168.561) Cash and cash equlvalents at the beonnlng of the reportlng perlod 479,384 547,945 Cash and cash equlvalents atthe the end of the reportln4 perfod 515,558 479,384 Page 14
The CompassloMt• Mlnd Founditlon Notss to the Cash Flow Siit•m•ni For the Yt•r End•d 31 July 2024 l Rt¢oneRIth ol N•1 IExpendltur•} I lTrcome to Nel Cash Ilow from op•r8llni •ctfvtthi 2024 Net (Expendlture) i kncome tor the reportlng perfod Adlustements tsr. Dewedatton Interest recefved (Ir+crease) I decrease In stocks (Increase) I decrease In debtors Movement in creditors (53.623) (135.665) 11.782 13.609 112 158,235) 123,622 137,8751 123,389 Net cash (used in) I provided by operatlons 43,757 156,557) 2 Analysls of Changes In Net Funds At 1.823 Cashfiow At 31.724 Net cash Cash at Bank Total 479,384 479,384 36,174 36.174 515.558 515,558 Pag•
Th• Mlnd Foundall Plotest• the fin¢1•1111ttmcnts lor the ye•r ended 31 July 2024 Th• ltr)C¥ statemenis have been prepared under the hlstorlcal cost ¢onvenilon, and In •Cc(Wd•n •wAkable Kcountln8 siandards and the Staiemeni of Recommended I¥xi&' £cnrI and Rewiing by Chartts Irevlsed 2005). b) Comp)ystaS TheChWtytsDtte tyguarantee and every member undenakes to contribute such an exceedlng £10. as may be requlred In the nt oi ihe chaty belngwound up T*thle he ts • member. or wlthln one year after he ceases to be a member. for payment of ihe Oetrts Ual¥lh5es of the company. c) Fund •c¢ountlni LYUeSts lunds are avallable lor use at the discretlon ol the trustees In furtherance of the gWla1 ofthe chaffty and whlch not been designaied lor other purposes. Oewaled lunds comprlse unrestrlcted lundsthat ha¥E been set aslde bylhe trusrees lor partular purposes. The alm and use of each designaied lund Is sel out In the notes lo the rwlancial siatements. Restrtted tunds are funds whlch are vsed In accordance wlth specffic restflctlons Imposed tydcmors. orwhich have been ralsed by the chartyfor partlcular puwoses. The cost ol ialstng ano admlnlstedn8 such lunds are charged agalnst Ihe speclllc fund. The alm and crf each restrlcted fund Is sei out In the notes to the lInaLa& ststements. omlry Iore¢l Ail Inctynlng reUrceS are Induded In the SOFAwhen ihe charlty Is legally entltted to the and the amount can be ouantitled wlth reasonable accuiacy. ocks we vdued at the Iiwei ol cost and net reaUsabLe value. after makJn8 due allownce lor obs(Ath and rnAng nems. Cost representsthe purchase prlce of Ilems and Is calculaled a Ilrg In firm out basls.
Th• Comp••oiiit• Mlnd Found•ll N¢t•i to th• fln•ncl•l itit•m•nti forth• y••f •ld JI July 2024 Ail expendlture Is actnted fof on an accruals basls and has been classffled urmjer headings Ihat aggregate all costs rfaied IO thai category. Where costs cannot be directly attrfbuted to particular headings they ha been allocated to activllles on a basls conslsteni h the use ol the resources, Fwtcosts are Ihose costs Incurred direclly In supportofexpenditure on the objects of the charlty. Management and administrath)n costs are those incurred In Connect %h dministration of the charity. compliance with consiiwtional and statutory requirements and the reasonable costs of Twstees attendingchanty meetin85. confeiences and workshops. g)Tanglbleflxed assets De[datIOn is provided on tsnbLe re0 asseis at the lolluwing annual raies In orderto tte off each asset over esttmated useful Ilfe: WebsiTr- Office equlpment- 25% on a straight-line basis 25% on a straight-line basis 21 Sources of Income 2024 Bespoke Conference Diploma Membershlps Other 146.046 85,850 168.850 44.278 2.721 410.366 76.750 $5.949 110.900 37.975 &39.sn 9,350 Marmot Grant. Restrthd 858.111 632.948 Pag• 17
Th• Comp•s¥lon•t• Mlnd FouTrd•tlon N0MtothiffthY rt•t•m•nli lorth•>•r •nd•d 31 luiy 2024 Dliect 2024 Slaff costs 2924 Oth•1 2024 Toil 2024 394,880 352.157 624 747.661 Dlrect 2023 aff costs 2023 Other 2023 Total 2023 365.733 278,400 4.381 648.514 Direct costs are those assoclatsd with pI0dIng1he act. for example. room hlre and travel costs. Other costs indude support costs and other indirect costs. 4 Governance costs Depreclatlon 2024 Total 2024 2024 G(Y•tmance costs 153.084 11.782 164.866 Depreclalloft Totsl 2023 Gmrnance costs 108.987 13.ffJ)9 122.596 Othergthemance costs represent a(imlnlstration arKI accountancyfees. sfotai r•sour¢•sexp•nd•d 2024 2023 I(AalftUrCes expended 915.026 771,110 uded In the atN)ve Is deprecbtk)n totslllng£ii,78312023: £13,609) Pag•
Th• C¢mp•Mkn•t• Mliid Found•iion Not•s to th• flTh•ftGI•i il•t•m•nls forth• y•ai •nd•d 31 July2024 6 Stffl coth •nd TNit•• rnmui)•r•tlon On the Charny had 14 emploJes110 Full-tlme Equknlentl durtngthe year. The tot81 armunt of staff costs lorthe was £352.157. Last Joar. the comparable Inlormat(on was 14 employees110 Art14ime Equlvalentl. amountlriq to total staff costs ol E278.400 No Trustees were paid any remureratbn durln8 the star. Aeasonable costs ior Trustees to atlend Chartyn*eMg% cthrences ano vrt)rkshops pald tythe Chafty. No Stsff frlb¢re1rneo In excess of £60.0(Kl durfngthe year 7 T•wlbleflK•d4SMts Office Equlpmert Webslte Trfal Al l August2023 Addltions At 31 Juty2024 31.028 66.607 6.149 72.756 97.635 7.584 105219 At July312023 De1lati1]n 25.1)64 3.259 28.323 50.957 8.524 59.481 76,021 11.783 87.804 Nel l>ookvalue At31 Juty 2024 4.140 13275 17.41S Al 31 Juty2023 15.650 21.614 2024 Trade Debtiys PrepabThents 78.176 39.243 117,419 54.1 25,348 79,544 pq• 19
Not•4 to th• IlThmd•l •t•l•m•nts lor th• •nd•d 31 hity 2024 2024 207J 26.012 4.400 3S3.042 io.ioi 393.555 25.526 2,650 ta2.71S 9.275 270,166 txlwrna laleS to Ihe collectlon ol Income on account ol Mnis Ihat occur follv•Angthe year end be kased knthe ststement In the perlod lothIeh they retate. A balm d £9.350wdS lThightforniard from the previous year. Costs in the year of £2.500 InCued The bal carhed tcThtard to ne year is £6.850. Lasi year £Nilwas expended to Ihe profit and At31 JJty2023 Net resixwces In the year At31 ty2024 301,364 151.1231 250.241 20