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 CompassIonat￿OthUndII[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 the￿ar ended 31 July 2024.
Referènce •nd admlnlstratlve Infomiatlon
Trustees and DlrectorJ
The Direclors ol The Compasslonate Mind Foundation, a cl￿rItable 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.
I￿0364
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, C0￿MIn¢• 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 Y￿re 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.
Appro￿rnateLY 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 number0fv￿rkShopS 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-pe￿on 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 reaChInga￿deraUdIence 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 v￿re atso Involved In several projects focuslng on COVID-19 In 2023-2024. One of the prolects explored
people'slears about C0V1￿19and 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.uklitem19x70zlho￿messageS-aboUt-¢OV10-
1￿May-hav￿a￿eCled-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 foll0v￿d 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.orgriournai￿psychO1ogYIart1clesllO.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$12671-01￿o1I85-9
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.IIY*W￿.￿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-y*clteas).
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 rep￿t 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
s￿en 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
I￿￿ntsnts. 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 i￿Orning 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 reCer￿d
Net Cash used iln Investlngactivlties
17.5841 {12,004)
(7.584) {12.004)
Change In cash and cash equlvalents In
the repo￿nI 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*&' *£c￿n￿rI and Rewiing by Chartt*s Irevlsed 2005).
b) Comp*)ysta￿S
TheChWtyts￿Dtte￿ tyguarantee and every member undenakes to contribute such an
exceedlng £10. as may be requlred In the ￿nt oi ihe cha￿ty 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
gW￿la1 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 lIna￿La& ststements.
omlry I￿o￿re¢l
Ail Inctynlng re￿UrceS 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 rn￿Ang 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 •l￿d JI July 2024
Ail expendlture Is act￿nted 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 tsn￿bLe r￿e0 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
Toi*l
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 pI0￿dIng1he 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(Aalft￿UrCes 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 emploJ*es110 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 remur*eratbn durln8 the star. Aeasonable costs ior Trustees to atlend
Chartyn*eMg% cthrences ano vrt)rkshops pald tythe Chafty.
No Stsff fr￿lb¢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
De1￿￿lati1]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 lo￿thIeh they retate.
A balm d £9.350wdS lThightforniard from the previous year. Costs in the year of £2.500 InCu￿ed
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