OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

Charity number: 1168992 Company number: 07038233

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

CONTENTS

Reference and administrative details 2
Chair’s welcome 3
Trustees’ report 4
Independent examiner’s report 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 25

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

REFERENCE AND ADMINISTRATIVE DETAILS

Incorporated 12 October 2009 Company Number 07038233 Charity Number 1168992 Trustees Richard Burnett (Chair) Maureen MacLeod (Vice-Chair) Dr Alan Lee Caroline Wilson David Bleakney (Finance trustee) Jason Steele Mandy Ayres (resigned 31 January 2023) Natalie Dunn Secil Muderrisoglu Chief Executive Officer Emily Slater Company Secretary Caroline Wilson Registered Office Bank House Bank Street Tonbridge Kent TN9 1BL Bankers HSBC 100 High Street Tonbridge TN9 1AN Independent Examiner Louise Hallsworth, FCA Baxter and Co Chartered Certified Accountants Lynwood House Crofton Road Orpington Kent BR6 9QE

2

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

CHAIR’S WELCOME

People across the charity and education sectors have shared with us that they cannot recall a time when resources seemed so scarce. The cumulative impact of the Covid lockdown years, the cost-of-living crisis and potentially alarming environmental change appear to be taking their toll not only on children and young people but on their teachers and schools.

Amongst the growing body of evidence in support of mindfulness, large scale trials remind us that we cannot expect it to be a quick fix for challenges that our young people and schools face. Humility and perspective are important. Neither does mindfulness take away the need to acknowledge and address real issues impacting young lives – from social media and exam pressures to poverty and social justice questions. Yet whilst mindfulness is not a magic wand, we know just how transformative it can be in helping to support and ground us, and how helpful this can be precisely for these times.

The example of Esther Ghey has been an inspiration in this regard. On 11th February 2023, Esther’s daughter, Brianna, was murdered by two 15-year-olds who became known during their trial as Girl X and Boy Y. Few of us can imagine what Brianna’s mother must have endured, yet the courage and dignity of Esther’s response has been remarkable. I am reminded of Viktor Frankl’s “last of the human freedoms – to choose one’s response in any given set of circumstances, to choose one’s own way”. That Esther established her Peace in Mind campaign amid such a tragedy, donating funds to MiSP, has strengthened our resolve to see others benefitting from the work that we do.

Many of us in the field are increasingly aware that such steely resolve also needs to be tempered by perhaps gentler conceptions of what can be achieved in the earlier stages of mindfulness training. The potential to transform lives is exciting, but this cannot begin if people still don’t understand what mindfulness is. Refreshing how people perceive mindfulness could be an important step in widening access.

My thanks to my fellow trustees for all the time, expertise and experience you have voluntarily given MiSP over the past year. And my thanks also to our CEO, Emily Slater, and her executive team that have shown outstanding resolve and effectiveness in the quality and quantity of their output.

Richard Burnett

Chair of Trustees

3

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

TRUSTEES’ REPORT

The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 August 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

The information on page 3 forms part of the Trustees’ Report.

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives and when planning future activities.

OBJECTIVES AND ACTIVITIES

Overview

Mindfulness in Schools Project (“MiSP”, “the Charity”) is a UK charity for children, young people and those who care for or work with them.

Our mission :

Our charitable objects (as in our Memorandum and Articles):

Our activities:

Our beneficiaries:

MiSP’s work has always had children and young people at its heart. Our curricula offer mindfulness curricula to CYP of almost every school age, from dots for 3 to 6 year-olds, though to Paws b for 7 to 11 year-olds and .b for 11 to 18 year-olds. Our materials are written from a strong understanding of how CYP learn and engage with mindfulness in the classroom differently at different stages.

MiSP primarily trains the adults in CYP’s lives, especially teachers and other educational staff, so that CYP can learn about mindfulness from grown-ups who understand and model it.

4

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

Research findings have highlighted how crucial it is for educators to have a strong understanding and practice of mindfulness if we want CYP to truly engage with and benefit from mindfulness.

ACHIEVEMENTS AND PERFORMANCE

The year 2022-2023 has seen a steady consolidation of MiSP and its offers, alongside ongoing adjustments to the cost of living and post Covid lockdowns pressures on schools and UK charities.

This year once again saw ongoing successful delivery of our introductory .begin course, as well as our various Teach mindfulness programmes with refreshed format options to fit with different work patterns and time zones; continued support practice sessions, workshops, newsletters, School Sits and retreats for our community of trained teachers; the launch of a new Mindful Schools Pathway Framework; mapping MiSP curricula to the PSHE (Personal, Social, Health and Economic) curriculum; and development of a new Speaker series to be launched in 2023-24.

This year also saw support of fundraising initiatives, including plans for a new ‘Peace in Mind’ campaign by the family of murdered school student, Brianna Ghey, together with the Warrington Guardian. The efforts of Brianna’s family to fundraise for MiSP in her memory have been nothing short of inspiring, and MiSP continues to be both deeply honoured and humbled.

Internally, 2022-23 saw the charity adapt to its new reduced staffing structure following the Sustainability Review reported in the previous year. These changes enabled the team to consolidate and pivot to what appears to be a ‘new normal’ level of fewer course sign ups. Our strategic priorities this year have been a) continuing to offer high quality curricula and programmes, increasingly in formats and at times that can be accessed by diverse audiences; b) laying the ground to diversify income streams, including reaching new audiences and deepening messages / existing relationships via strengthened digital presence.

In summary, this year has seen MiSP:

Our activities 2022-23

Sustaining and developing specialist, age appropriate, skills-based mindfulness curricula, and digital resources

A summary of our curricula:

5

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

And for adults working with CYP:

MiSP’s curricula (delivered via trained teachers) support CYP with an understanding of basic neuroscience and the nurturing of core mindfulness skills and approaches. With increasing concerns about child and adolescent mental health, as well as the caveats of the recent MYRIAD research which framed mindfulness as a potential clinical mental health intervention, being able to explain mindfulness and our curricula in a context of wellbeing and life-skills became increasingly important. In connection with the fundraising work of Brianna Ghey’s family (in her memory), MiSP began articulating some of this connection as follows:

In MiSP's experience, mindfulness practice can create a space and potential to develop better self-awareness, enabling us to notice when we have unhelpful ways of relating to ourselves and our experiences. Learning mindfulness from a young age can help us make more supportive choices and improve the way we take care of ourselves across all life stages.

MiSP’s curricula continued to be at the heart of training teachers and others caring for or working with children. Work that began in 2021-22 was finalised this year, with the launch of our:

Digital Resources

This year, we continued to promote our work and information on quality mindfulness via social media channels and published a range of new articles and blogs, targeting relevant content to both existing stakeholders and the wider education and mindfulness communities.

Likewise we continued to give a digital taster of MiSP’s curricula to over 1000 people through sample lessons available on request via our website (over 800 requests for our curriculum ‘.b’; over 600 requested for ‘Paws b’ and over 400 for ‘dots’).

Introducing educational professionals (and other adults caring for or working with CYP) to the concept and practice of mindfulness

In addition to work raising awareness about mindfulness and MiSP’s curricula on social media and other communication channels, MiSP held five information events with over 200 people booking, as well as just under 60 people requesting our recorded information webinar.

MiSP increased the profile of its messaging and capacity to reach new audiences by investing in a small amount of freelance communications support, which led to an increased take up of and open rates for MiSP’s posts.

6

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

In economically stretched times for many schools, MiSP was delighted to consolidate its course uptake, but would be keen to build on this during 23/24 with increased PR support.

However, feedback from individual schools suggests challenges to release teachers for training (i.e. in addition to any financial barriers), such was the level of pressure reported. At the time of writing, this means MiSP is considering whether, in addition to delivering training for the teachers, there could be other ways to support schools during 23/24 with mindfulnessbased wellbeing initiatives.

Creating, supporting, and sustaining a community of trained teachers

Providing MiSP mindfulness curricula courses to train and teach education professionals has continued to form the core of our work in 2023. Our specialist trainers have trained 530 participants, with 49 courses in the UK.[1]

Courses continued to be delivered online (with the in-person exception of the School Mindfulness Lead training) receiving mean participant ratings of over 9 out of 10 for Teach Paws b, Teach .b, Teach dots, Teach .breathe and School Mindfulness Lead courses.

Following feedback from our Hub community in Wales, we also delivered our first ‘.begin’ course in the Welsh language.

Facilitating and learning from research into the effects of mindfulness on CYP and those who work and care for them

During this year, MiSP continued to support any research initiatives of its partners, particularly in Hong Kong and Japan. Discussions also took place as to the best way to update and further highlight the evidence base on the website (planned for 2023-24).

International context

This year, we continued to attract international participants to our online public teacher training courses as well as to work with partner organisations in Japan and Hong Kong (the latter including courses in Taiwan). Courses run by our partners in these 3 locations trained a total of 118 ‘Teach .b’ teachers and 108 Paws b teachers.

Overseas participants (119 for our Teacher training courses, and 49 for our introductory ‘.begin’ course) on MiSP’s online public teacher training courses during 22/23 came from 30 countries.

Feedback and learning on impact of training in the classroom

To understand whether our classroom curricula are meeting the needs in the classroom, we continued to offer teachers an online ‘Class Impact’ survey tool to gather feedback about and from their students. A total of 123 class impact presentations were requested and sent to teachers this year[2] . Of these, 102 were completed for an estimated reach of 2700 pupils.

1 Please note that this report focuses on numbers reached during 2022-23, whereas the previous Annual report included cumulative numbers reached to that date. This makes comparisons between the years a little difficult. Suffice to say, as indicated above, the trend in the UK is for a decrease in course bookings.

2 Since their inception, a total of 944 class impact surveys have been completed, with an estimated reach of around 25,500 pupils.

7

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

For those teachers completing the survey, the data collated showed the curricula continue to be well-received both for students and teachers as illustrated by these example quotes: ‘It helped so much with my anger issues and loss of sleep and so much other stuff’, Primary school pupil;

‘It was needed especially during certain periods which can cause stress or anxiety’ ; ‘It really helped me concentrate and remain calm during exam periods’, Secondary school pupil;

“If I get anxious, when a worry just comes, I do a .b standing up, I just breathe and feel my feet I can do it anywhere. This stops the worry being so sharp and jagged’, Secondary school pupil;

‘I leave every [lesson] feeling invigorated and inspired and excited that this generation of children are being offered skills to help them navigate the ups and downs of life’, Trained teacher

Creating, supporting, and sustaining a community of trained teachers

Hub Membership

During this year, we continued to invite adult graduates of our training programmes to join our ‘Hub community’ to provide ongoing support in their work with young people and their own mindfulness practice. Graduates of the ‘Teach training’ courses are offered 6 months free membership and then the option to take out an annual membership, paid by them. At the end of this year, there was a total of 2240 Hub members, of which 713 had an annual membership[3] . Retention rate between the years (i.e. of teachers choosing to renew or take out an annual subscription following their free membership) was at 54%[4] .

Specific hub activities / support this year included:

Funding

In addition to courses paid for directly by schools and income generated from overseas partnerships, securing additional funds to provide subsidised places and increase our reach continued to be a key part of our work. New funding in this period included:

3 Compared to slightly higher membership, at the end of August 2022 with 2478 active Hub members, of which 972 had an annual membership.

4 52% in the previous year

8

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

Supported Places

As a result of the funding raised above and the generous contributions of our partners and donors, MiSP is able to provide a range of bursaries and subsidised places as per its criteria[5] .

During 22/23, supported places amounted to 35% of all course bookings, equating to £19,615 of financial support[6] with the majority (83%) awarded to mainstream Primary and Secondary Schools; 17% of the places were awarded to other settings such as Special Schools/ Alternative Education Provisions, Pupil Referral Units, Colleges, Children and Adolescent Mental Health Services (CAMHS), charities and the NHS.

In terms of numbers of participants, during this year, 113 of 117 (97%) supported places were allotted to state-maintained schools and qualified for a discount of 43% on average. We also supported 2 newly qualified teachers via our Early Career Teacher Support Fund which offers 50% supported places for teachers in the first years of their teaching career.

In addition to MiSP’s own supported places programme, we were delighted to provide (via CHK Foundation funding) subsidised places for 35 people to train to teach Paws b or dots (23 of which also took our introductory .begin course as part of this funding).

FINANCIAL REVIEW

Statement of Financial Activities

The Statement of Financial Activities (SoFA) for the year shows an overall surplus of £72,944 (2022: deficit of £40,269) arising from total income of £367,785 (2022: £457,102) and after charging amortisation and depreciation of £2,409 (2022: £2,091).

Total income for the year to 31 August 2023 was 20% lower than the prior year (2022: 29% lower), primarily due to a 23% decrease (2021: 33% decrease) in course revenue at £237,848 due to lower demand (2022: £309,388).

Total expenditure for the year to 31 August 2023 was 41% lower (2022: 6% lower) than the prior year at £294,841 (2022: £497,054) consisting of:

5 Supported places are awarded to schools with higher-than-average free school meals/pupil premium, pupils with identified SEN needs, and pupils with English as an additional language. In addition, supported places for ‘. begin’ are offered to all state-maintained schools. Support on Teach courses is at a discount of 25%, 50%, 75% or 100%, dependent upon qualifying criteria. The equivalent of 1 free supported place is offered on School Mindfulness Lead courses and a 13% discount is offered on ‘Teach. breathe’ courses for qualifying participants.

6 compared to £30,771 the previous year and £36,305 in 2010-21.

9

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

supported the review of organisational structures and processes which resulted in a small number of redundancies being made to ensure future sustainability in 2022. These costs were not repeated in 2023.

See notes 6 and 7 of the financial statements for further details of direct and support costs.

Balance sheet

Net current assets increased by £75,353 to £283,292 (2022: £207,938). Total reserves increased by £72,944 to £284,811 in the year (2022: £211,867), reflecting the operational surplus. This included an increase of restricted reserves of £57,637 (2022: Nil). The restricted reserves relate to donations and grants which will be used for future course costs, communications and marketing spend, and fundraising support, along with the organisational costs to deliver these items.

Reserves policy and going concern

The Trustees believe that in terms of good governance and to ensure the continuity of the organisation and the fulfilment of its charitable aims, it is necessary to maintain an adequate level of reserves. Reserves are needed to meet the working capital requirements of the charity and to enable the charity to continue its activities in the event of a significant drop in funding and/or unforeseen or emergency costs.

The Trustees have examined the charity’s requirements for reserves considering the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be equivalent to between six and nine months of its annual expenditure.

Budgeted expenditure for 2023-24 is approximately £328,000 and therefore the target level of reserves is £164,000 to £246,000.

The unrestricted reserves available to the charity at 31 August 2023 of £227,000 are therefore at the upper end of this target range.

The reserves policy is reviewed by the Trustees on at least an annual basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

MiSP is a company limited by guarantee (registered number 07038233) governed by its Memorandum and Articles of Association dated 12 October 2009 (amended 26 August 2016). It has always operated as a not-for-profit organisation and gained formal charitable status (registered number 1168992) from the Charity Commission in England and Wales on 1 September 2016.

The Board of Trustees (also known as the Board of Directors) has adopted the Charity Commission Governance Code for small Charities. The Board continues to assess its compliance with the Code, part of its ongoing review and strengthening of governance. In year the Board approved a new Delegation of Authority to clearly lay out roles and responsibilities of Trustees and staff members.

The Board of Trustees is collectively responsible for the governance and strategic direction of the Charity together with its financial health, delivery of public benefit, probity of its activities and the development of the organisation’s aim, objectives, and goals.

The Board appointed a new Independent Examiner following a retender process, based on how length of time passed from the last tender, and in line with best practice.

10

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

The trustees serving during the 2022-2023 financial year are as follows:

Mandy Ayres (Resigned 31 January 2023) David Bleakney (Finance trustee) Richard Burnett (Chair) Natalie Dunn Alan Lee Maureen MacLeod (Vice-Chair) Secil Muderrisoglu Jason Steele Caroline Wilson (Secretary)

Trustee selection process

The Charity is committed to ensuring it has a balanced and diverse Board, with members recommended for their skills and expertise. Renewals and the appointment of any additional Trustees are informed by the Statement of Skills and Competencies at the time and take into account annual discussions between the Chair and each Trustee.

Trustees are appointed for a three-year period, usually for a maximum of two terms, which is recognised best practice. At the end of the first term, Trustees are invited to stand down from post and can be nominated for re-election. Renewal for a third term is possible in limited circumstances as agreed by the Board to accord with its Statement of Skills and Competencies, with a maximum of nine years.

The Board will review its skills and competencies in early 2024 in the context of its forward planning, including for succession, taking account of its needs and balancing continuity with renewal.

All Trustees give their time freely and no Trustee remuneration was paid in the year.

Charity management

Day to day management of MiSP is delegated to the CEO, Emily Slater, and team of staff of 5 (2022: 12). Although MiSP has a registered address in Tonbridge, staff work mainly from home and minimal resources are used for office and meeting costs.

Arrangements for setting key management personnel remuneration

Salaries of senior MiSP staff are benchmarked against similar roles in the voluntary sector. They are reviewed annually. The salary of the CEO is discussed annually by the board.

Risk Management

Responsibility for risk management lies with trustees. The Charity has established a risk register that aims to set out the key risks for the organisation including:

The risk register is reviewed in full by the Board at least annually with “deep dives” also undertaken to explore selected risks in more detail. The major risks for MiSP have been identified as:

11

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

Working closely with the Trustees, the CEO has focussed attention in these areas to ensure that appropriate risk management procedures are in place.

Strategy Planning

During this year, MiSP implemented its one year set of ‘Consolidation Priorities’ (Sept 2022 – Aug 23), following on from the Sustainability Review in 2021-22. These priorities focussed on ensuring sufficient funding from schools and other sources; high quality training linked to demand continues; Hub members likewise supported, consulted, and valued; MiSP’s social media presence is strengthened; and ongoing fundraising and business plan established.

Given the picture facing UK schools and the income MiSP receives from them still not completely clear or stable, MiSP took the decision towards the end of this reporting period, to plan for another set of annual priorities, this time ‘Foundational Priorities’ (Sept 2023 – Aug 24), with a view to revisiting the potential for longer-term strategy planning during 2023-24.

The above ‘Foundational Priorities’ (Sept 2023 – Aug 24) will build on the 2021-22 ‘Consolidation Priorities’ (Sept 2022 – Aug 23) in terms of next steps with: income diversification; ways to showcase the charity’s end beneficiaries effectively; and the benefits of mindfulness and mindfulness-based well-being in public relations and communications work.

Equality, Diversity and Inclusion (EDI)

Following the adoption of our EDI policy in late 2020, we continued to collect EDI specific data from our community, particularly those attending our courses. The typical demographic of teachers enrolling on our courses then was predominantly female, middle aged, able-bodied, white British, which has continued to be the trend. Whilst this is also the predominant demographic of UK teachers, MiSP’s Board has an action to explore this further in 2023-24, including in conjunction with its Governance Code compliance.

During the year, learnings from and discussions with other mindfulness organisations took place, as well as with an EDI mindfulness expert. This helped further shape ideas about ways of broadening access to MiSP’s work in the short to medium term.

Plans for the future

2023-24 looks set to be an important time as MiSP continues to pivot from primarily providing training paid for by schools to continuing to diversify funding streams, including with the support of a small amount of freelance fundraising resources. A focus on potential collaboration with other organisations and other meaningful next steps to ensure MiSP’s work reaches and benefits a wide range of people and audiences will also be a key focus over the next year.

MiSP will continue with its training and programmes to introduce teachers and others to mindfulness, as well as supporting its teacher training community. However, it will also explore – where it is hard for schools to release teachers – whether there are other innovative ways the organisation can assist. We also look forward to launching the next phases in our Schools Mindfulness Pathways Framework, including new workshops on teaching, and working mindfully in a trauma sensitive way; opening our supported places programme to rural schools;

12

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

mapping our curricula to the education curriculum in Wales, as well as continuing to nurture relationships and take-up both in the UK and internationally.

MiSP also looks forward to working with schools in Warrington to ensure that the fundraising efforts of the family of Brianna Ghey go towards their Peace in Mind campaign goal to ensure teachers are trained in mindfulness.

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

This report was approved by the Trustees on 19[th] March 2024 and signed on their behalf by:

Richard Burnett

Chair

13

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

Mindfulness in Schools Project – Company number 07038233

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the Trustees on my examination of the financial statements of Mindfulness in Schools Project (“the Trust”) for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts 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

The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England & Wales (ICAEW). I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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.

Louise Hallsworth FCA (Senior Statutory Auditor) For and on Behalf of Baxter & Co Chartered Certified Accountants

Lynwood House Crofton Road Orpington Kent BR6 8QE

Dated: 30 April 2024

14

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
General Restricted Total Total
Funds Funds Funds Funds
2023 2023 2023 2022
£ £ £ £
Note
Income from:
Donations and legacies 3 6,693 82,532 89,225 80,088
Charitable activities 4 275,953 - 275,953 376,702
Investments 2,606 - 2,606 312
Total income 285,253 82,532 367,785 457,102
Expenditure on:
Charitable activities 5 237,566 24,895 262,461 467,507
Raising Funds 8 32,379 - 32,379 29,864
Total expenditure 269,945 24,895 294,841 497,371
Net income and net movement in funds 15,307 57,637 72,944 ( 40,269)
Reconciliation of funds:
-
Total funds brought forward 211,867 211,867 252,136
- - - -
Transfers between funds
Total funds carried forward 14 227,174 57,637 284,811 211,867
----- End of picture text -----

15

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

BALANCE SHEET AT 31 AUGUST 2023

Note
Fixed assets
Intangible assets
10
Tangible assets
11		 £ 2023
£
1,519
-		 £ 2022
£
3,929
-
Current assets
Debtors
12
Cash at bank and in hand		 42,759
338,604		 1,519 24,211
278,880		 3,929
Creditors:amounts falling due within
one year
13		 381,363
( 98,070)		 303,091
( 95,152)
Net current assets 283,292 207,938
Total net assets 284,811 211,867
Charity funds
14
General Funds
Restricted Funds		 227,174
57,637		 211,867
-
Total funds 284,811 211,867

For the financial year ended 31 August 2023 the charitable company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The financial statements were approved by the Board of Trustees on 19th March 2024 and were signed on its behalf by:

Richard Burnett Chair of the Board of Trustees

Company registration number: 07038233

16

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
2023 2022
£ £
Note
Cash flows from operating activities:
Net cash provided by operating activities A 57,118 ( 117,166)
Cash flows from investing activities:
Investment income 2,606 312
Change in cash in the period 59,724 ( 116,854)
Cash at the beginning of the period 278,880 395,734
Cash at the end of the period 338,604 278,880
A. Net cash provided by operating activities
2023 2022
£ £
Net (expenditure) / income per statement of financial activities 72,944 ( 40,269)
Non-cash donation - loan converted to income ( 60,000)
Depreciation and amortisation 2,409 2,408
Investment income ( 2,606) ( 312)
(Increase)/ decrease in debtors ( 18,548) ( 4,201)
(Decrease)/ increase in creditors 2,918 ( 14,792)
Net cash provided by operating activities 57,118 ( 117,166)
----- End of picture text -----

17

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1 Status

Mindfulness in Schools Project is a charitable company limited by guarantee incorporated in England & Wales. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is Bank House, Bank Street, Tonbridge, Kent, TN9 1BL.

2 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2.1 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Mindfulness in Schools Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

2.2 Income

Income is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured reliably.

For donations this is usually on receipt. For grants, this is usually when a formal offer is made in writing, unless the grant For training courses, consultancy and speaking engagements, income is recognised when the relevant course or engagement takes place.

The Hub income represents a membership period spanning one year; however the principal benefit of the membership relates to access to resources which is provided when the income is received. Therefore, the income is recognised at the point of provision of the benefit i.e. on receipt.

2.3 Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably.

Expenditure has been classified under headings that aggregate all costs related to the category.

Direct costs are allocated to the activity to which they relate. Staff costs are allocated based on an estimate of staff time spent on each activity.

Support costs are those costs relating to functions which assist the work of the charity but do not directly relate to its activities. Support costs have been allocated to activities based on the proportion of direct costs incurred.

Governance costs are those costs incurred in connection with the administration of the trust and compliance with constitutional and statutory requirements.

18

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2.4 Fund accounting

General funds can be used for the charitable objectives at the discretion of the trustees. Designated funds have been set aside from general funds by resolution of the trustees, for a specific purpose. Restricted funds comprise monies raised for, and their use restricted to, a specific purpose, or donations subject to donor imposed conditions.

2.5 Financial instruments

The charity's financial instruments all qualify as basic financial instruments. Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in the statement of financial activities. The charity has taken advantage of Section 34 of FRS 102 to recognise the interest free loan that it has received as a concessionary loan. As such, the charity initially recognises and measures the loan at the amount received, with the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest.

2.6 Intangible fixed assets

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated realisable value of each asset over its expected useful economic life, as follows:

Website 33% straight line Software CRM System 33% straight line

2.7 Tangible fixed assets

Assets costing less than £1,500 are not capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated realisable value of each asset over its expected useful economic life, as follows:

Computer equipment 33% straight line Office equipment 33% straight line

2.8 Cash at bank and in hand

Cash at bank and in hand comprises cash and short-term highly liquid investments with a maturity of three months or less from the date of opening the deposit or similar account.

2.9 Taxation

The charity has previously received confirmation from HMRC that its supplies of training and Hub membership met the conditions of an exempt supply of education provided by an eligible body. The charity is exempt from corporation tax on its charitable activities.

2.10 Pension costs

The charity operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost represents contributions payable by the charity to the fund.

19

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

3 Income from donations legacies and grants


Treebeard Trust
Reta Lila Howard Trust
Louis Sterne Trust
CHK Foundation
Bright Future Trust
Towergate Insurance
Menka Sanghvi
Private donations in memory of Brianna Ghey
Other private donations
Gift Aid
Restricted donations of £57,559 were received in 2022
Income from charitable activities
Mindfulness training programmes:
.b
Paws b
.begin
dots
.breathe
.b Foundations
Hub
Workshops
Conference
Other
Consultancy and speaking		 Unrestricted
Funds
2023
£
-
-
-
-
-
1,500
-
-
4,696
498
6,693		 Restricted
Funds
2023
£
-
25,000
20,000
9,645
-
-
1,500
22,129
-
4,258
82,532		 Total Funds
2023
£
-
25,000
20,000
9,645
-
1,500
1,500
22,129
4,696
4,755
89,225
Total Funds
2023
£
95,233
69,035
32,577
20,951
4,948
15,104
37,180
250
-
113
562
275,953		 Total Funds
2022
£
60,000
-
-
2,690
8,560
195
-
-
8,643
-
80,088
Total Funds
2022
£
106,400
73,009
39,883
45,243
33,954
10,899
47,888
6,597
7,495
3,871
1,463
376,702

There was no income attributable to restricted charitable activities in 2022

20

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

5
Expenditure on charitable activities
Mindfulness training programmes:
.b
Paws b
.begin
dots
.breathe
.b Foundations
Hub
Workshops
Conference
Other
Consultancy and speaking		 Direct costs
2023
£
46,704
29,506
24,901
11,335
2,225
11,510
45,529
75
-
175
-
171,961
Note 6		 Support costs
2023
£
30,029
23,219
10,957
7,046
1,664
5,080
12,505
-
-
-
-
90,500
Note 7		 Total Funds
2023
£
76,733
52,725
35,858
18,382
3,890
16,590
58,034
75
-
175
-
262,461		 Total Funds
2022
£
156,067
68,450
52,949
53,555
28,891
24,338
46,067
15,183
12,223
9,618
166
467,507

Expenditure attributable to restricted charitable activities in 2022 was £728

6 Direct costs

Staff costs
Note 9
Trainer fees
Printing, stationery and materials
Curricula development costs
Translation costs
Consultancy
Legal and professional fees
Conference expenses
Other direct costs
7
Support costs
Staff costs
Note 9
Other office costs
Advertising and marketing
Computer running costs
Insurance
Consultancy fees
Amortisation
Bank and PayPal charges
Staff Entertaining
Travel, accommodation and subsistence
Translation costs
Depreciation
Governance costs:
Independent examination fee
Other services paid to examiner
Legal and professional fees		 2023
£
124,496
34,883
644
986
-
4,755
2,429
-
3,769
171,961
2023
£
48,921
5,115
12,962
3,245
4,928
2,161
2,409
1,586
-
2,040
-
-
2,355
-
4,779
90,500		 2022
£
192,828
61,593
20,064
4,138
1,460
-
-
1,361
875
282,319
2022
£
147,307
8,213
2,299
3,471
3,800
8,115
2,408
1,917
-
822
492
-
2,781
999
2,564
185,188

21

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

8
Raising Funds
Staff costs
Consultancy
Charity event costs
Resources
Fundaising fees
9
Staff costs
Gross salaries
Employer's National Insurance
Employer's pension contributions		 2023
£
29,465
1,729
153
179
853
32,379
2023
£
180,423
13,775
8,685
202,882		 2022
£
29,864
-
-
-
-
29,864
2022
£
327,999
26,303
15,697
369,999

The average number of employees on a headcount basis was 5 (2022: 12)

The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 was: The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 was: The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 was:
£60,000 to £70,000 2023
Nil		 2022
1
10 Intangible fixed assets
Cost Website &
CRM System
£
At 1 September 2022 109,753
At 31 August 2023 109,753
Amortisation
At 1 September 2022 105,824
Charge for the year 2,409
At 31 August 2023 108,233
Net book value
At 31 August 2023 1,519
At 31 August 2022 3,929

22

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

11 Tangible fixed assets
Cost
At 1 September 2022
Disposals in year
At 31 August 2023
Depreciation
At 1 September 2022
Disposals in year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
12
Debtors
Trade debtors
Prepayments
13
Creditors: amounts falling due within one year
Deferred income
Taxation and social security
Trade creditors
Accruals
Deferred income in respect of training course fees:
Brought forward
Released in the year
Deferred in the year
Carried forward
Deferred income in respect of grants received:
Brought forward
Released in the year
Deferred in the year
Carried forward		 2023
£
40,041
2,718
42,759
2023
£
75,599
5,255
6,478
10,738
98,070
42,396
( 32,843)
47,431
56,984
33,810
( 20,945)
-
12,865		 Fixtures,
fittings &
equipment
£
1,769
( 1,769)
-
1,769
( 1,769)
-
-
-
2022
£
21,617
2,594
24,211
2022
£
76,206
7,603
6,512
4,831
95,152
78,234
( 78,234)
42,396
42,396
-
-
33,810
33,810

23

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

14 Analysis of movement between funds

Unrestricted funds:
General funds
Restricted funds:
Donations
CHK Foundation
Reta Lila Howard Trust
Louis Stern Trust
Menka Sanghvi
Unrestricted funds:
General funds
Designated fund
Restricted funds:
Bright Future Trust
CHK Foundation
Other funds		 Brought
forward
balance at 1
September
2022
£
211,868
-
-
-
-
-
211,868
Brought
forward
balance at 1
September
2022
£
240,178
11,959
252,137
-
-
-
-
252,137		 Income
£
285,253
26,387
9,645
25,000
20,000
1,500
82,532
367,785
Income
£
445,657
-
445,657
8,560
2,690
195
11,445
457,102		 Expenditure
£
( 269,946)
-
( 9,645)
( 3,750)
( 10,000)
( 1,500)
( 24,895)
( 294,841)
Expenditure
£
( 496,643)
-
( 496,643)
( 150)
( 578)
-
( 728)
( 497,371)		 Transfers
£
-
-
-
-
-
-
-
-
Transfers
£
22,676
( 11,959)
10,717
( 8,410)
( 2,112)
( 195)
( 10,717)
-		 Carried
forward
balance at 31
August 2023
£
227,174
26,387
-
21,250
10,000
57,637
284,811
Carried
forward
balance at 31
August 2023
£
211,868
-
211,868
-
-
-
-
211,868

The CHK Foundation's support and donations are to subsidise teacher training. Reta Lila Howard Trust and Louis Sterne Trust are supporting external communications with schools, and fundraising support. In the prior year funding was received from the Bright Futures Trust for the last of a three year project supporting provision of our b. curriculum in alternative education settings.

The Designated fund is reingfenced surpluses from charitable activities for the sole use in the continuance of educational and training purposes, in order to comply with HMRC conditions of being an eligible body for the purposes of the education and training VAT exemption. The designated funds were held as cash.

15 Key management personnel

The Chief Executive Officer and the Heads of Curricular and Training were considered to be the charity's key management personnel. During the year, employment benefits, employer's pension contributions and employer's national insurance totalling £110,443 (2022: £147,938) were paid in respect of key management personnel.

24

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

16 Related party transactions

During the year, no trustees received places on training courses provided by the charity free of charge. (2022:3 at an aggregate value of £440) Trustees serving at any point in the year (total 10) and key management personnel (total 2) received complimentary membership and access to the Hub. The aggregate value of these memberships was £750 for Trustees (2022:10 at £750) and £150 for key management personnel (2022:3 at £225) Donations of £263 were received from 2 Trustees (2022: Nil). There were travel expenses of £62.28 paid to one trustee related to speaking events during the year (2022: Nil). No trustee was paid any remuneration in respect of their role as a trustee of the charity (2022: Nil).

25

Doc ID: 68348b3348e7b5124d91d9cf82fe899aaa64a2f0

Audit trail Audit trail

9 Dropbox Sign Sign

MiSP Accounts 2023 Title Title File name File name MiSP_Accounts_2023_.pdf Document ID Document ID 68348b3348e7b5124d91d9cf82fe899aaa64a2f0 Audit trail date format Audit trail date format DD / MM / YYYY Status Status 9 Signed

23 / 04 / 2024 Sent for signature to Richard Burnett 18:14:26 UTC (richard.burnett@mindfulnessinschools.org) from amy@notebookandpen.co.uk IP: 84.70.154.162 24 / 04 / 2024 Viewed by Richard Burnett 13:19:42 UTC (richard.burnett@mindfulnessinschools.org) IP: 95.147.108.197 24 / 04 / 2024 Signed by Richard Burnett 13:20:06 UTC (richard.burnett@mindfulnessinschools.org) IP: 95.147.108.197 24 / 04 / 2024 The document has been completed. 13:20:06 UTC

Powered by Powered by ~€ Dropbox Sign Sign